About CGQGX
American Funds Growth Portfolio ABLE-A is a mutual fund designed with a primary focus on achieving long-term capital growth. Managed by Capital Group, this portfolio is structured as an aggressive allocation fund, primarily investing in a diversified mix of underlying American Funds equity mutual funds. It is best characterized by its substantial exposure to large-growth equities, making it suitable for investors seeking participation in the growth potential of domestic and international equity markets.
The portfolio’s top holdings are themselves prominent growth-oriented mutual funds, including American Funds Growth Fund of America, AMCAP, and New Perspective, collectively providing investors with broad sector and geographic diversification. With over $21 billion in total assets, the fund takes a multi-manager approach and leverages Capital Group’s deep research capabilities. Notably, ABLE-A shares are part of a class that can benefit from reduced sales charges under certain conditions, and typically carry a front-end load that decreases with larger investment amounts.
By utilizing an aggressive allocation strategy and harnessing the strengths of several established underlying funds, American Funds Growth Portfolio ABLE-A serves as a growth-oriented option within the mutual fund landscape, aiming to help investors build wealth over the long term.
Fund Family Capital Group
Category Allocation--85%+ Equity
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol CGQGX
Share Class Class Able-a
Index S&P 500 TR
CGQGX had a total return of 18.05% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.20%.
