American Funds Growth Fund of Amer 529F2 (FAFGX)
| Fund Assets | 301.59B |
| Expense Ratio | 0.41% |
| Min. Investment | $250 |
| Turnover | 25.00% |
| Dividend (ttm) | 6.85 |
| Dividend Yield | 8.35% |
| Dividend Growth | 42.24% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 82.12 |
| YTD Return | 10.51% |
| 1-Year Return | 21.65% |
| 5-Year Return | n/a |
| 52-Week Low | 62.19 |
| 52-Week High | 85.01 |
| Beta (5Y) | n/a |
| Holdings | 318 |
| Inception Date | Oct 30, 2020 |
About FAFGX
American Funds Growth Fund of America 529-F-2 is an open-end mutual fund designed to provide growth of capital, making it an integral option within college savings plans. The fund primarily invests in common stocks of large and mid-capitalization companies, targeting businesses that are believed to offer superior long-term growth prospects. Its portfolio is diversified, with a notable allowance for up to 25% of assets to be invested in companies domiciled outside the United States, offering investors access to global growth opportunities. The fund uses a distinctive multiple-manager approach, with each segment managed independently to capture a broad spectrum of growth strategies. As part of the CollegeAmerica 529 savings plan, it is tailored to help families save for education expenses in a tax-advantaged manner. The fund’s holdings often include leading technology, consumer discretionary, healthcare, and communication services companies, reflecting its focus on sectors with dynamic growth potential. With a relatively low expense ratio and annual turnover, American Funds Growth Fund of America 529-F-2 is widely regarded for its flexibility, disciplined management, and significant role in long-term education and capital accumulation strategies.
Performance
FAFGX had a total return of 21.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.92%.
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 | $6.8539 | Dec 19, 2024 |
| Dec 15, 2023 | $4.8184 | Dec 18, 2023 |
| Dec 16, 2022 | $2.1426 | Dec 19, 2022 |
| Dec 17, 2021 | $6.2211 | Dec 20, 2021 |
| Dec 18, 2020 | $3.0199 | Dec 21, 2020 |