American Funds Growth Fund of Amer 529F3 (FFAFX)
Fund Assets | 320.79B |
Expense Ratio | 0.35% |
Min. Investment | $250 |
Turnover | 25.00% |
Dividend (ttm) | 6.90 |
Dividend Yield | 8.24% |
Dividend Growth | 42.74% |
Payout Frequency | Annual |
Ex-Dividend Date | Dec 18, 2024 |
Previous Close | 84.27 |
YTD Return | 12.63% |
1-Year Return | 26.62% |
5-Year Return | n/a |
52-Week Low | 62.11 |
52-Week High | 84.94 |
Beta (5Y) | n/a |
Holdings | 327 |
Inception Date | Oct 30, 2020 |
About FFAFX
American Funds Growth Fund of America 529-F-3 is an open-end mutual fund designed to pursue long-term capital growth, primarily through investments in common stocks. The fund adopts a flexible growth strategy, targeting companies with strong potential for capital appreciation, including both traditional growth stocks and those in cyclical industries or undergoing corporate turnarounds. It typically invests in a broad mix of U.S. equities, but can allocate up to 25% of its assets to non-U.S. issuers, providing additional diversification and access to global growth opportunities. As a 529 share class, it is tailored for education savings, making it suitable for investors seeking to accumulate assets for future educational expenses. The fund is managed by a seasoned team at Capital Group, known for its rigorous fundamental analysis and diversified approach. As of early 2025, the fund holds over a thousand companies, allowing for wide market exposure and risk mitigation. Its role in the financial market centers on offering investors a way to participate in the growth potential of both domestic and international equities, supporting long-term wealth accumulation for educational goals.
Performance
FFAFX had a total return of 26.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.17%.
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
36.63% of assetsName | Symbol | Weight |
---|---|---|
Meta Platforms, Inc. | META | 5.28% |
Microsoft Corporation | MSFT | 4.94% |
NVIDIA Corporation | NVDA | 4.76% |
Amazon.com, Inc. | AMZN | 3.99% |
Broadcom Inc. | AVGO | 3.93% |
CAPITAL GROUP CENTRAL CASH FUND | CMQXX | 3.64% |
Netflix, Inc. | NFLX | 2.93% |
Eli Lilly and Company | LLY | 2.64% |
Tesla, Inc. | TSLA | 2.50% |
Alphabet Inc. | GOOG | 2.03% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Dec 18, 2024 | $6.8957 | Dec 19, 2024 |
Dec 15, 2023 | $4.831 | Dec 18, 2023 |
Dec 16, 2022 | $2.1704 | Dec 19, 2022 |
Dec 17, 2021 | $6.2665 | Dec 20, 2021 |
Dec 18, 2020 | $3.1001 | Dec 21, 2020 |