About GAITX
American Funds Growth and Income Portfolio Class C is a mutual fund designed to offer investors a balance between long-term capital growth and current income. The fund achieves this by investing in a diversified mix of other American Funds, primarily targeting equity funds in the growth, growth-and-income, equity income, and balanced categories. Its underlying holdings are composed largely of large-cap U.S. and global equities, diversified further with a selection of fixed-income assets such as U.S. and international bonds. This approach provides broad exposure to a variety of sectors, including information technology, industrials, financials, and health care, which helps to mitigate risk while pursuing growth opportunities.
Managed by Capital Research and Management Company, the fund is structured as a fund of funds, which means its performance and risk profile reflect the aggregate strategies of its underlying investments. Class C shares of this portfolio are particularly noted for their level-load fee structure, with a competitive expense ratio and no upfront sales charge, though a deferred sales charge may apply if shares are sold within the first year. The fund distributes income quarterly and may suit investors looking for a core holding that combines active management, diversification, and the dual objectives of growth and income over the long term.
Fund Family Capital Group
Category Allocation--70% to 85% Equity
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol GAITX
Share Class Class C
Index S&P 500 TR
GAITX had a total return of 15.62% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.41%.
