About RGAAX
American Funds The Growth Fund of America Class R-1 Shares is a large-cap growth mutual fund managed by Capital Research and Management Company. Its primary objective is to achieve growth of capital over the long term by investing predominantly in common stocks of companies that show strong potential for above-average growth. The fund employs a multi-manager system, diversifying its portfolio across several seasoned managers, each contributing to the fund’s broad sector and industry exposure. Notable holdings typically include leading technology, consumer cyclical, and communication services companies such as Meta Platforms, Microsoft, Amazon, Broadcom, and NVIDIA, reflecting a focus on innovative and growth-oriented firms.
Designed as a core option for retirement plans, Class R-1 shares are tailored for retirement accounts and do not carry upfront or deferred sales charges, though they have a higher expense ratio compared to other share classes. The fund is widely recognized for its long-term performance track record, substantial asset base, and disciplined investment process, making it a significant presence among large growth mutual funds in the U.S. financial market.
Fund Family Capital Group
Category Large Growth
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RGAAX
Share Class Class R-1
Index S&P 500 TR
RGAAX had a total return of 12.76% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.18%.
