American Funds Growth Fund of America, Class F-2 is a diversified U.S. large-cap growth mutual fund managed by Capital Group’s multiple-portfolio-manager system. Its primary objective is long-term growth of capital, investing mainly in common stocks of companies with above-average earnings prospects and the flexibility to include cyclical growers and corporate turnarounds when fundamentals warrant. The strategy can allocate a portion of assets to non-U.S. equities, adding breadth across global growth opportunities. The portfolio typically emphasizes technology, communication services, consumer discretionary, health care, and industrials, reflecting sectors that drive structural innovation and demand. The fund’s research-driven approach and veteran team underpin a long track record within the large-growth category, with risk and return characteristics aligned to equity market cycles. Class F-2 is designed as a no-12b-1-fee share class with a relatively low expense profile, aiming to deliver the strategy’s scale benefits efficiently for fee-based platforms. In the broader market, the fund serves as a core growth holding, offering exposure to leading innovators and dominant franchises while maintaining diversification across industries and market capitalizations.
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