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American Funds Growth Fund of Amer R6 RGAGX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See American Funds Investment Hub

Morningstar’s Analysis RGAGX

Will RGAGX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RGAGX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RGAGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RGAGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A Manager Retirement on American Funds Growth Fund of America; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

American Funds’ parent Capital Group announced that veteran manager Donald O’Neal will step off American Funds Growth Fund of America and retire from the firm on Jan. 1, 2025. O’Neal has spent all of his 38 years in the industry at Capital Group and has been a manager here since 1993. He has also served as this strategy’s lead principal investment officer, in charge of allocating capital across the managers’ independently run sleeves. On Sept. 1, 2024, Anne-Marie Peterson will transition into this role. She has served as one of the strategy’s principal investment officers for several years, so this should be a relatively seamless transition. Mark Casey, who has served as a manager here for 11 years, will take over as the principal investment officer of the Capital International Investors subsidiary, replacing O’Neal. While O’Neal’s retirement is a loss, it is one that Capital Group is equipped to handle. These changes do not alter the strategy’s Above Average People rating or its Morningstar Medalist Ratings.

by Stephen Welch
Published on

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