Notice: As part of the ongoing management of the Portfolio Series, the Portfolio Solutions Committee and Capital Solutions Group regularly monitor each fund of funds and its underlying funds to ensure alignment with the fund's investment objective. Following their most recent regular review, the teams decided to change the underlying allocations for the following funds of funds: American Funds Global Growth PortfolioSM, American Funds Growth PortfolioSM, American Funds Growth and Income PortfolioSM, American Funds Moderate Growth and Income PortfolioSM, American Funds Conservative Growth and Income PortfolioSM and American Funds Tax-Aware Conservative Growth and Income PortfolioSM. The new underlying fund allocations will be updated on May 14, 2020. Unless otherwise indicated, all information and statistics are based on the underlying fund allocations as of March 31, 2020.
American Funds® Growth Portfolio
Growth
Overview
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.
Objective
The fund's investment objective is to provide long-term growth of capital.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 5/18/12
- Expense ratio:* 0.76%
- Investment expenses paid annually:† $7.60 for a $1,000 balance
- Ticker symbol: GWPFX
*The expense ratios are as of each fund’s prospectus and include the weighted average expenses of the underlying funds. The expense ratios do not reflect sales charges or fees charged by financial intermediaries. Please see the fund’s most recent prospectus for details.
†You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
Underlying funds
(as of 3/31/24; percentage of net assets; holdings are subject to change)
Growth
80.0%
- AMCAP Fund® 19.9%
- The Growth Fund of America® 25.5%
- The New Economy Fund® 9.9%
- New Perspective Fund® 9.8%
- SMALLCAP World Fund® 14.9%
Growth-and-income
20.0%
- Fundamental Investors® 20.0%
Asset mix
(as of 3/31/24; percentage of net assets of underlying American Funds)
Geographic breakdown
(as of 3/31/24; percentage of net assets of underlying American Funds)
*Cash and equivalents includes short-term securities, accrued income and other assets less liabilities. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. Class F-1 shares were first offered on March 15, 2001 (on February 21, 2014, in funds in the American Funds Target Date Retirement Series). Class F-1 share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses. Please see the prospectus for more information about specific expenses.
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. Unless otherwise indicated, all results are calculated at net asset value.
Average annual total returns through 3/31/24
Class F-1 Shares
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | 10.02% | 11.63% | 5.78% | 29.91% |
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which the results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.
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 funds’ 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.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
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.
Use of this website is intended for U.S. residents only.
American Funds Distributors, Inc., member FINRA.
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