A flexible approach to U.S. growth investing

A flexible investment approach
Investing in growth

The Growth Fund of America®

INCEPTION DATE
December 1, 1973

IMPLEMENTATION
Consider for a large-cap growth allocation

OBJECTIVE
Seeks to provide growth of capital

VEHICLE

The Growth Fund of America

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Everything moves in cycles, and the markets are no different. The overall uncertain economic environment and challenges of inflation are very real concerns. These volatile periods can showcase the advantages of The Growth Fund of America's flexibility, multiple manager perspectives and long-term horizon.

A FLEXIBLE APPROACH TO GROWTH


The fund’s portfolio managers and investment analysts seek to identify innovative companies across a broad range of sectors.

A HISTORY OF RESEARCH AND RESOURCES

For years, the emphasis has been on a flexible approach to growth investing. While conducting in-depth, bottom-up research in selecting U.S. based companies with attractive growth opportunities, we also keep an open mind in expanding our search abroad.

A FLEXIBLE APPROACH TO GROWTH

A flexible investment approach

For more than 50 years, The Growth Fund of America has invested across sectors and industries. Many of these investments are in the companies powering economic growth and developing new products and services. The fund’s portfolio managers and analysts seek to identify companies with attractive prospects for appreciation, including those outside of traditional growth industries.

IDENTIFYING LONG-TERM LEADERS IN A BROAD RANGE OF SECTORS

Examples of top holdings in the portfolio*

Identifying long-term leaders in a broad range of sectors. Table shows examples of top holdings in the portfolio. Companies shown are among the top holdings by weight in The Growth Fund of America. Example 1: Meta Platforms — Sector: Communication services — Market cap (in millions of U.S. dollars): 1,664,132. 2: Eli Lilly — Sector: Healthcare — Market cap (in millions of U.S. dollars): 1,015,985. 3: Uber Technologies — Sector: Industrials — Market cap (in millions of U.S. dollars): 169,779

Source: FactSet as of March 31, 2026.

A HISTORY OF RESEARCH AND RESOURCES

Investing in growth

Generative artificial intelligence (AI) represents the next leg of growth opportunities for cloud computing and semiconductor demand. Portfolio managers in The Growth Fund of America view the opportunity for chips as an attractive long-term investment opportunity. The large data sets and immense need for computing power required for the technology have the potential to drive chip demand for years to come.

This bar chart shows the worldwide sales of semiconductors from 1986 to 2025 and a forecast for 2030. In 1986, the sales were $26,355,359 and reached $791,694,433 in 2025. The sales are estimated to reach $1,000,000,000,000 by the year 2030.

Source: For all years except 2030, WSTS. The actual 2025 figure is year-to-date as of 12/31/25. Source for 2030 estimate: PwC as of 9/3/25.

The Growth Fund of America

The Growth Fund of America is offered in various share classes designed for retirement plans, nonprofits, and other institutional and individual investors.

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Footnote/Important information:

*Companies shown are among the top 20 equity holdings by weight in The Growth Fund of America as of 12/31/25: (NVIDIA, Alphabet, Broadcom, Microsoft, Meta Platforms, Eli Lilly, Amazon.com, Tesla Inc., Apple, Taiwan Semiconductor Manufacturing Co., Netflix, Vertex Pharmaceuticals, Royal Caribbean Cruises, Micron Technology, Uber, Shopify, Alnylam Pharmaceuticals, TransDigm Group, Cloudflare, Mastercard Inc.)

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 mutual fund prospectuses and/or summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
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