American Funds Growth PortfolioSM
American Funds Growth Portfolio may be appropriate for:
- Investors who need a broadly diversified investment that increases the equity allocations in their existing portfolios.
- Investors who want to invest a portion of their portfolio for longer-term aspirational goals.
The fund's investment objective is to provide long-term growth of capital.
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest and most respected investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
- Began operations: 5/18/12
- Net and gross expense ratios:* 0.79% / 0.89%
- Investment expenses paid annually: $7.90 for a $1,000 balance
- Ticker symbol: GWPAX
*The investment adviser is currently waiving its management fee of 0.10%. Net expense ratios shown reflect the waiver, without which the expenses would have been higher. This waiver will be in effect through at least December 31, 2013, unless modified or terminated by the fund’s board. The waiver may only be modified or terminated with the approval of the fund’s board. Expense ratios are as of each fund’s prospectus and include the weighted average expenses of the underlying funds.
You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
(as of 12/31/13; percentage of net assets; Portfolio Series funds are actively monitored, so allocations will change)
- Fundamental InvestorsSM 30.0%
(as of 1/31/14; percentage of net assets of underlying American Funds)
(as of 12/31/13; percentage of net assets of underlying American Funds)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Average annual total returns through 12/31/13
|Latest10 years||Latest5 years||Latest3 years||Latestyear|
|At net asset value||N/A||N/A||27.62% ¶¶||29.83%|
|At maximum offering price
(Class A shares, with 5.75% maximum sales charge)
Investment results reflect the deduction of applicable fees and expenses and the reinvestment of all distributions. The investment adviser is currently waiving its management fee of 0.10%. Investment results reflect the waiver, without which the results would have been lower. After December 31, 2013, the adviser may modify or terminate the waiver, but only with fund board approval. The adviser has committed to retain any reimbursements only through December 31, 2013. See results without waivers and/or reimbursements. Read details about how waivers and/or reimbursements affect the results for each fund.
¶¶ Cumulative total return since the fund’s inception on 05/18/2012.
In applying any particular asset allocation model to your own individual situation, you should consider your other assets, income and investments. For example, in addition to your retirement plan investments, you should consider any investments (including those in an Individual Retirement Account) and savings accounts.
Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund of funds expenses. The fund’s risks are directly related to the risks of the underlying funds as described below. For more information about the risks associated with each underlying fund, go to its detailed fund information page or read its prospectus.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries. Investing in smaller companies also involves additional risks, and small-company stocks can fluctuate in price more than larger company stocks.
Fund results and expense ratio information listed above apply to Class A shares only. The results and expense ratio information for the investments in your plan may differ.
SIMPLE IRA and SEP plans only:
Additional share class options are available without an up-front sales charge. There is no sales charge on Class A shares for plans with over $1 million invested in American Funds. Class B shares have higher expenses than Class A shares and a contingent deferred sales charge (CDSC) (up to 5%) if shares are sold within the first six years of purchase. Class B shares convert to Class A shares in the month of the eighth anniversary of purchase. Class C shares have higher expenses than Class A shares and a 1% CDSC if shares are sold within the first year of purchase. Class C shares convert to Class F-1 shares in the month of the 10th anniversary of purchase. Class F-1 shares have expenses similar to Class A share expenses, and carry an annual asset-based fee that is charged by participating broker-dealers. Your financial professional can help you decide which option is best for you.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from your plan’s financial professional or downloaded and should be read carefully before investing. You can find a link to the prospectus at the top of the page.