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.
Fund Family Capital Group
Category Large Growth
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FAFGX
Share Class Class 529-f-2
Index S&P 500 TR
FAFGX had a total return of 14.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.70%.
