American Funds The Growth Fund of America® Class 529-E (CGFEX)
| Fund Assets | 301.59B |
| Expense Ratio | 0.90% |
| Min. Investment | $250 |
| Turnover | 25.00% |
| Dividend (ttm) | 6.48 |
| Dividend Yield | 8.19% |
| Dividend Growth | 43.67% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 79.19 |
| YTD Return | 9.24% |
| 1-Year Return | 19.95% |
| 5-Year Return | 102.47% |
| 52-Week Low | 60.04 |
| 52-Week High | 82.04 |
| Beta (5Y) | n/a |
| Holdings | 318 |
| Inception Date | Mar 1, 2002 |
About CGFEX
American Funds The Growth Fund of America® Class 529-E is a mutual fund designed primarily for growth of capital over the long term. This fund targets investors seeking to save for educational expenses using a 529 tax-advantaged savings plan structure. Managed by Capital Group, it primarily invests in a diversified portfolio of large-cap U.S. companies with strong growth potential, favoring firms that are expected to experience above-average increases in earnings, sales, and cash flow. The fund's management team employs a multi-manager approach, with multiple seasoned portfolio managers each overseeing a segment of the fund’s assets, which helps enhance diversification and reduce manager-specific risk. As one of the largest actively managed mutual funds in the U.S., it holds hundreds of stocks across various industries, with a focus on innovation-driven and rapidly expanding sectors. The fund’s size and prominence grant it significant influence within the large-growth category, and its track record highlights its role as a core equity holding for investors pursuing long-term capital appreciation through college savings accounts.
Performance
CGFEX had a total return of 19.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.12%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FZANX | Fidelity | Fidelity Advisor New Insights Fund - Class Z | 0.53% |
| FNICX | Fidelity | Fidelity Advisor New Insights Fund - Class C | 1.65% |
| FFIDX | Fidelity | Fidelity Fund | 0.43% |
| FDESX | Fidelity | Fidelity Advisor Diversified Stock Fund - Class O | 0.41% |
| FNITX | Fidelity | Fidelity Advisor New Insights Fund - Class M | 1.15% |
Top 10 Holdings
34.34% of assets| Name | Symbol | Weight |
|---|---|---|
| Meta Platforms, Inc. | META | 5.51% |
| Microsoft Corporation | MSFT | 4.69% |
| Amazon.com, Inc. | AMZN | 4.03% |
| NVIDIA Corporation | NVDA | 3.90% |
| Capital Group Central Cash Fund | n/a | 3.69% |
| Eli Lilly and Company | LLY | 3.14% |
| Broadcom Inc. | AVGO | 2.78% |
| Netflix, Inc. | NFLX | 2.48% |
| Alphabet Inc. | GOOG | 2.13% |
| Vertex Pharmaceuticals Incorporated | VRTX | 2.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $6.4819 | Dec 19, 2024 |
| Dec 15, 2023 | $4.5116 | Dec 18, 2023 |
| Dec 16, 2022 | $1.8513 | Dec 19, 2022 |
| Dec 17, 2021 | $6.014 | Dec 20, 2021 |
| Dec 18, 2020 | $2.751 | Dec 21, 2020 |
| Dec 20, 2019 | $3.5072 | Dec 23, 2019 |