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American Funds Growth Fund of Amer R5 RGAFX

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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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