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American Funds Growth Fund of Amer 529E CGFEX

Analyst rating as of
NAV / 1-Day Return
69.08  /  1.33 %
Total Assets
261.7 Bil
Adj. Expense Ratio
0.910%
Expense Ratio
0.910%
Fee Level
Low
Longest Manager Tenure
27.32 years
Category
Large Growth
Investment Style
Large Growth
Min. Initial Investment
250
Status
Open
TTM Yield
0.02%
Turnover
28%
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Morningstar’s Analysis

Will CGFEX outperform in future?

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

Manager Transition at American Funds Growth Fund of America

Analyst Note

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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.

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