American Funds Growth Fund of Amer 529F3 (FFAFX)
| Fund Assets | 301.59B |
| Expense Ratio | 0.35% |
| Min. Investment | $250 |
| Turnover | 25.00% |
| Dividend (ttm) | 6.90 |
| Dividend Yield | 8.41% |
| Dividend Growth | 42.74% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 81.59 |
| YTD Return | 10.54% |
| 1-Year Return | 21.71% |
| 5-Year Return | n/a |
| 52-Week Low | 62.11 |
| 52-Week High | 84.94 |
| Beta (5Y) | n/a |
| Holdings | 318 |
| 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 21.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.94%.
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 | $6.8957 | 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 |