American Funds' parent Capital Group announced in September 2020 that longtime manager Michael Kerr had stepped off American Funds Growth Fund of America's management team and will retire from the firm at the end of the month. In the same disclosure, the firm announced its intent to publicly name manager Alex Popa in October. Following these changes, the strategy will still have an experienced 13-person management team from three Capital Group subsidiaries. It retains its Morningstar Analyst Rating range of Silver to Bronze.
American Funds Growth Fund of Amer 529C CGFCX
NAV / 1-Day Return
62.88
/
1.23
%
Total Assets
263.2 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.440%
Expense Ratio
1.440%
Fee Level
Low
Longest Manager Tenure
27.33
years
Category
Large Growth
Investment Style
Large GrowthMin. Initial Investment
250
Status
Open
TTM Yield
0.00%
Turnover
28%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CGFCX 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 CGFCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CGFCX 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 CGFCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Manager Transition at American Funds Growth Fund of America
