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American Funds Growth Fund of Amer 529F (CGFFX)

66.94 -0.42 (-0.62%)
At close: 8:05 AM EDT

Fund Summary

The fund invests primarily in common stocks and seeks to invest in companies that appear to offer superior opportunities for growth of capital. It may invest up to 25% of its assets in securities of issuers domiciled outside the United States. The investment adviser uses a system of multiple portfolio managers in managing the fund's assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

American Funds Growth Fund of Amer 529F

San Francisco, CA 94105-1409
One Market, Steuart Tower, Suite 1800
(415) 421-9360

Fund Overview

Category Large Growth
Fund Family American Funds
Net Assets 275.87B
YTD Return 12.58%
Yield 0.65%
Morningstar Rating
Inception Date Aug 01, 2008

Fund Operations

Last Dividend 0.48
Last Cap Gain 52.00
Holdings Turnover 31.00%
Average for Category --

Fees & Expenses

Expense CGFFX Category Average
Annual Report Expense Ratio (net) 0.40% 0.99%
Prospectus Net Expense Ratio 0.40% --
Prospectus Gross Expense Ratio 0.40% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.36%
Max Deferred Sales Load -- 1.33%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Lawrence R. Solomon, Lead Manager since May 01, 2010
Lawrence R. Solomon is an equity portfolio manager at Capital Group. He has 38 years of investment experience and has been with Capital Group for 37 years. Earlier in his career at Capital, Larry was an equity investment analyst covering computer hardware, software, communications equipment, computer services and imaging. Prior to joining Capital, he was an economic consultant and research analyst for Data Resources, Inc. in Los Angeles. Larry holds a bachelor’s degree in economics from Occidental College, graduating cum laude, and the Chartered Financial Analyst® designation. Larry is based in San Francisco.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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