A disciplined approach to growth investing. Focuses primarily on well-managed U.S. companies of any size with sound fundamentals and that have solid long-term growth records and attractive future growth potential.
S&P 500 Indextooltip: S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.
Expense Ratio (Gross/Net, %)3
0.33/0.33
Weighted Average Market Cap ($M)4
$814,800.0
As of 5/31/26
ONE-YEAR TURNOVER (%)6tooltip: Portfolio turnover is the portion of a portfolio's holdings sold and replaced with new securities annually, usually expressed as a percentage of the portfolio's total assets. For example, a portfolio with a turnover of 25% holds assets for an average of about four years, while a portfolio with a turnover of 100% holds assets for one year.
The fund's investment objective is to provide you with long-term growth of capital.
Types of investments
Primarily invests in U.S. common stocks, as well as convertible preferred stocks and cash and equivalents.
Distinguishing characteristics
Takes a disciplined approach to growth investing, focusing primarily on well-managed U.S. companies with sound fundamentals. Invests in companies of any size that have solid long-term growth records and attractive future growth potential.
Holdings outside the U.S.
This fund may invest in securities outside the U.S. to a limited extent.
Key facts
Fund inception
5/1/67
Fund assets (millions)
$97,143.9
As of 5/31/26 (updated monthly)
Shareholder accounts
6,649
As of 5/31/26 (updated monthly)
Issuers (#)
104
As of 5/31/26 (updated monthly)
One-year turnover (%)tooltip: Portfolio turnover is the portion of a portfolio's holdings sold and replaced with new securities annually, usually expressed as a percentage of the portfolio's total assets. For example, a portfolio with a turnover of 25% holds assets for an average of about four years, while a portfolio with a turnover of 100% holds assets for one year.6
36.0
Active share (%) 15
55.2
As of 3/31/26 (updated quarterly)
Minimum initial investment
$0
mthDividendsPaid
Regular dividends paid 5
June, Dec.
Capital gains paid 5
June, Dec.
Fiscal year-end
February
Prospectus date
5/1/11
CUSIP
023375 81 9
Fund number
2602
Portfolio managers8
Years with Capital Group
Years of investment industry experience
25
38
22
31
22
27
Principal Investment Officer
7
27
25
25
Portfolio managers8
Years with Capital Group
Years of investment industry experience
25
38
22
31
22
27
Principal Investment Officer
7
27
25
25
A distinctive investment approach
The Capital System is designed to deliver superior investment results. Across asset classes, we believe in collaborative research to yield deeper insights, diverse perspectives from multiple portfolio managers and analysts, and a long-term view to decision-making.
Index data refers to the S&P 500 Indextooltip: S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes..
Daily YTD as of 6/12/26.
Fund inception: 5/1/67. The index lifetime return is based on the inception date of the fund.
Returns greater than one year are annualized.
Morningstar Rating™9
As of 5/31/26 (updated monthly)
Overall
★ ★
987 funds rated
3Y
★ ★
987 funds rated
5Y
★ ★ ★
939 funds rated
10Y
★ ★
760 funds rated
Overall Morningstar risk
Below Average
Categorytooltip: In an effort to classify funds by what they own, as well as by their prospectus objectives and styles, Morningstar developed Morningstar Categories. While the prospectus objective identifies a fund's investment goals based on the wording in the fund prospectus, the Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio and other statistics over the past three years).
12-month distribution rate (at NAV)tooltip: The income per share paid by the fund over the past 12 months to an investor from dividends (including any special dividends). The distribution rate is expressed as a percentage of the current price.7
0.00
30-day SEC yield (gross/net)tooltip: The 30-day SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities calculated according to the standardized SEC formula; when applicable, it reflects the maximum sales charge. If shown, a net yield reflects fee waivers and/or expense reimbursements in effect during the period. Without waivers and/or reimbursements, the yield would be reduced. Gross yield does not adjust for any fee waivers and/or expense reimbursements in effect.
0.22 / 0.22
Risk measures
As of 5/31/26 (updated monthly)
Standard deviation
Standard deviation (%)tooltip: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility.
RAFGX
15.40
—tooltip:
—
Sharpe ratio
Sharpe ratiotooltip: Sharpe ratios use standard deviation and excess return to determine reward per unit of risk. The higher the number, the better the portfolio's historical risk-adjusted performance.
RAFGX
1.03
—tooltip:
—
R-squared (%)tooltip: R-squared is a measure of the correlation between a particular return and that of a benchmark index. A measure of 100 indicates that all of the return can be explained by movements in the benchmark. Generally the higher the R-squared measure, the more reliable the beta measurement will be.
95.29
Alphatooltip: Alpha is a measure of the difference between a portfolio's actual returns and its expected results, given its level of risk as measured by beta. A positive alpha figure indicates the portfolio has performed better than its beta would predict. In contrast, a negative alpha indicates the portfolio has underperformed, given the expectations established by beta.
-3.93
Betatooltip: Beta relatively measures sensitivity to market movements over a specified period of time. The beta of the market (represented by the benchmark index) is equal to 1; a beta higher than 1 implies that a return was more volatile than the market. A beta lower than 1 suggests that a return was less volatile than the market. Generally the higher the R-squared measure, the more reliable the beta measurement will be.
1.13
Information ratiotooltip: The information ratio represents the excess return generated (over the market) per unit of relative risk as measured by tracking error.
-0.60
Downside capture ratio (%)tooltip: Ratio of a portfolio/composite's return during periods when the index was down, divided by the return of the index during those periods. For example, during periods when the index was down, a down-capture ratio greater than 100 indicates the portfolio/composite produced a lower return than the index.
123
Upside capture ratio (%)tooltip: Ratio of a portfolio/composite's return during periods when the index was up, divided by the return of the index during those periods. For example, an up-capture ratio greater than 100 indicates the portfolio/composite produced a higher return than the index during periods when the index was up.
102
Tracking error (%)tooltip: The tracking error is the standard deviation of the difference between the returns of an investment and its benchmark.
3.78
S&P 500 correlationtooltip: Correlation describes the strength of the association between a return and a benchmark. Correlation is shown on a scale from 1 to -1. The higher the positive correlation, the more closely the return and the benchmark moved relative to one another. The lower the negative correlation, the more the return and the benchmark diverged from one another.
0.98
MSCI ACWI correlationtooltip: Correlation describes the strength of the association between a return and a benchmark. Correlation is shown on a scale from 1 to -1. The higher the positive correlation, the more closely the return and the benchmark moved relative to one another. The lower the negative correlation, the more the return and the benchmark diverged from one another.
0.95
Data calculated against the —tooltip: unless noted otherwise.
Prices & distributions
As of 6/12/26
Price at nav ($)
$48.90
Price change ($)
$-0.08
Price change (%)
-0.16
Prices distributions table
YTD dividends subtotal
$0.00
YTD cap gains subtotal
$0.00
YTD total distributions
$0.00
Find Historical Prices
Find Historical Distributions
Portfolio composition
assetMix
Asset mix
As of 5/31/26 (updated monthly, %)
Asset Mix
U.S. Equities
93.3
Non-U.S. Equities
4.9
U.S. Bonds
0.0
Non-U.S. Bonds
0.0
Cash, Equivalents & Other10, 11
1.7
U.S. Equities
93.3
Non-U.S. Equities
4.9
U.S Bonds
—
Non-U.S. Bonds
—
Cash, Equivalents & Other
1.7
Market capitalization4
As of 5/31/26 (updated monthly)
●
RAFGX
●
Index
RAFGX
Index
Highest quintile
$2,015,668.4 — $4,305,717.0
20.2%
23.5%
Second quintile
$650,145.2 — $1,813,507.9
25.7%
18.1%
Middle quintile
$206,127.9 — $598,303.6
10.0%
19.7%
Fourth quintile
$80,518.0 — $202,848.5
16.2%
19.5%
Lowest quintile
$3,263.6 — $80,482.7
24.4%
19.2%
RAFGX
$814,800.0
Index
$475,791.0
Index data refers to the S&P 500 Indextooltip: S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes..
Valuation
As of 3/31/26 (updated quarterly)
Valuation
RAFGX
INDEX
Price/Booktooltip: Price-to-book ratio compares a stock's market value to the value of total assets less total liabilities (book value). Adjusted for stock splits.
6.3
4.3
Price/Cash flowtooltip: Price-to-cash-flow (P/C) ratio is the average price to cash flow ratio of the individual stocks within a fund/model.
8.4
13.6
Price/Earningstooltip: Price-to-earnings (P/E) ratio takes the current price of a stock divided by its earnings per share. The ratio reflects the cost of a given stock per dollar of current annual earnings and is the most common measure of a stock's expense. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting.
24.1
20.6
Index data refers to the S&P 500 Index.tooltip: S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.
Index data refers to the S&P 500 Indextooltip: S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes..
Portfolio exposures
As of 5/31/26 (updated monthly, %percent)
Equity sector breakdown table
Sectors and top holdings
RAFGX (percent)
INDEX (percent)
Energy
0.2
3.1
Materials
1.6
1.8
Industrials
11.2
8.3
Consumer discretionary
16.3
9.7
Consumer staples
1.3
4.5
Health care
10.9
8.3
Financials
6.2
11.3
Information technology
37.5
38.6
Communication services
13.0
10.4
Real estate
0.1
1.8
Index data refers to the S&P 500 Indextooltip: S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes..
Data represents the equity portion of the portfolio and the top holdings in each sector. The information shown may include affiliates of the same issuer when applicable.
The New Geography of Investing®13
As of 5/31/26 (updated monthly, %)
Equity portion
breakdown
by domicile
Equity portion breakdown by domicile
Geographic Allocation Legend - Use arrow keys to navigate table data
Region
RAFGX (%)RAFGX
Index (%)Index
United States
95.0
100.0
Canada
0.3
0.0
Europe & Middle East
1.2
0.0
Japan
—
0.0
Asia-Pacific ex. Japan
—
0.0
China
—
0.0
Emerging markets ex. China
3.6
0.0
Other
—
0.0
EQUITY PORTION
BREAKDOWN
BY REVENUE
EQUITY PORTION BREAKDOWN BY REVENUE
Geographic Allocation Legend - Use arrow keys to navigate table data
Region
RAFGX (%)RAFGX
Index (%)Index
United States
54.0
58.0
Canada
1.3
1.4
Europe & Middle East
12.5
11.6
Japan
2.3
2.3
Asia-Pacific ex. Japan
2.6
2.2
China
8.5
8.8
Emerging markets ex. China
13.6
11.2
Other
5.1
4.4
FUND
BREAKDOWN
BY DOMICILE
FUND BREAKDOWN BY DOMICILE
Geographic Allocation Legend - Use arrow keys to navigate table data
Region
RAFGX (%)RAFGX
Index (%)Index
United States
93.3
100.0
Canada
0.3
0.0
Europe & Middle East
1.2
0.0
Japan
—
0.0
Asia-Pacific ex. Japan
—
0.0
China
—
0.0
Emerging markets ex. China
3.5
0.0
Other
—
0.0
Cash & equivalents10, 11
1.7
—
Region
RAFGX (%)RAFGX
Index (%)Index
United States
95.0
100.0
Canada
0.3
0.0
Europe & Middle East
1.2
0.0
Japan
—
0.0
Asia-Pacific ex. Japan
—
0.0
China
—
0.0
Emerging markets ex. China
3.6
0.0
Other
—
0.0
Region
RAFGX (%)RAFGX
Index (%)Index
United States
54.0
58.0
Canada
1.3
1.4
Europe & Middle East
12.5
11.6
Japan
2.3
2.3
Asia-Pacific ex. Japan
2.6
2.2
China
8.5
8.8
Emerging markets ex. China
13.6
11.2
Other
5.1
4.4
Region
RAFGX (%)RAFGX
Index (%)Index
United States
93.3
100.0
Canada
0.3
0.0
Europe & Middle East
1.2
0.0
Japan
—
0.0
Asia-Pacific ex. Japan
—
0.0
China
—
0.0
Emerging markets ex. China
3.5
0.0
Other
—
0.0
Cash & equivalents10, 11
1.7
—
Index data refers to the S&P 500 Indextooltip: S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes..
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. Investing for short periods makes losses more likely.
Prices and returns will vary, so investors may lose money.
View mutual fund expense ratios and returns.
View current mutual fund SEC yields.
Active Share is determined by (1) differences in stock weightings between the fund and the fund's primary benchmark shown in the prospectus (2) inclusion of stocks outside of the benchmark, and (3) exclusion of stocks in the benchmark.
Active Share is neither a predictor of future returns nor a measure of manager skill. Since it measures the difference between a fund's holdings and its benchmark, it could be used in conjunction with other indicators as a measure of portfolio risk or to compare the management fees charged by actively managed funds. While an active share greater than zero is needed to provide returns above the benchmark, there is no indication a particular level of active share has resulted in higher returns than the fund's index. A fund's active share can change significantly over time, thus measuring a single point in time may not be reflective of longer periods.
The Capital Group portfolios are managed by multiple portfolio managers who invest based on their highest convictions. The result is a diversified portfolio based on the collection of managers' individual investment decisions. A fund's active share is the product of this process and is not comparable to the active share produced by a fund managed by an individual or a committee of investors. The funds are managed based on their investment objectives and strategies described in the prospectus; managing to active share is not part of any fund's strategy.
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.
Capital Group offers some funds in a range of share classes designed to meet the needs of retirement plan sponsors and participants. The different share classes incorporate varying levels of financial professional compensation and service provider payments.
Because Class R-6 shares do not include any recordkeeping payments, expenses are lower and results are higher. Other share classes that include recordkeeping costs have higher expenses and lower results than Class R-6.
There have been periods when the results lagged the index(es) and/or average(s).
The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
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.
Portfolios are managed, so holdings will change.
Certain fixed income and/or cash and equivalents holdings may be held through mutual funds managed by the investment adviser or its affiliates that are not offered to the public.
Totals may not reconcile due to rounding and/or cash flows.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
Certain share classes were offered after the inception dates of some funds. Results for these shares prior to the dates of first sale are hypothetical based on the original share class results without a sales charge, adjusted for typical estimated expenses.
Class R-6 shares were first offered on 5/1/2009.
Results for certain funds with an inception date after the share class inception also include hypothetical returns because those funds' shares sold after the funds' date of first offering.
Refer to dates of first sale and specific expense adjustment information.
1.
YTD (year-to-date return): For the period from January 1 of the current year to the date shown or from inception date if first offered after January 1 of the current year.
2.
When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
3.
Expense ratios are as of each fund's prospectus/characteristics statement, as applicable, available at the time of publication.
4.
Market capitalization data is provided by FactSet. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.
5.
The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
6.
Portfolio turnover is as of the most recent prospectus/characteristics statement, as applicable.
7.
The distribution rate reflects the fund's past dividends paid to shareholders and may differ from the fund's SEC yield which reflects the rate at which the fund is earning income on its current portfolio of securities. The distribution rate reflects fee waivers and/or expense reimbursements in effect during the period. Without waivers and/or reimbursements, it would be reduced.
8.
Reflects current team at the time of publication. Years of experience in investment industry and Capital Group are as of the most recent year end.
9.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past results are not a guarantee of results in future periods. The Morningstar Ratings are based on the share classes of each underlying fund held by the series; other underlying fund share classes may have different performance characteristics.
10.
Accrued income and the timing of its settlement, as well as classification of convertible bonds as debt or equity, can cause slight variations in the balances displayed in different portfolio composition breakdowns.
11.
Includes cash, short-term securities, other assets less liabilities, accruals, derivatives and forwards. 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.
12.
The Morningstar Ownership Zone™ provides detail about a portfolio's equity investment style by showing the range of stock sizes and styles. A portfolio's Ownership Zone™ is derived by plotting each stock in the fund's portfolio within the proprietary Morningstar Style Box™. The shaded area represents the center 75% of the fund's assets, and it provides an intuitive visual representation of the area of the market in which the fund invests. A "centroid" plot in the middle of the Ownership Zone represents the weighted average of all the fund's holdings. A fund that is concentrated will have a small ownership zone relative to the area of the style box, and broadly diversified fund will have an ownership zone that stretches across many sizes and style. Over a period of time, the shape and location of a fund's ownership zone may vary.
13.
Figures include convertible securities. The equity breakdown by revenue reflects the portfolio's publicly traded equity holdings and excludes cash (and fixed income securities, if applicable). Underlying revenue data were compiled by MSCI and account for disparities in the way companies report their revenues across geographic segments. MSCI breaks out each company's reported revenues into country-by-country estimates. MSCI provides revenue data figures based on a proprietary, standardized model. Revenue exposure at the portfolio and index level was calculated by using FactSet, which takes these company revenue exposures and multiplies by the company's weighting in the portfolio and index. In this breakdown, Israel has been included in Europe.
14.
Source for Morningstar expense ratio comparison: Morningstar, based on Morningstar Large Cap Retirement, Large median funds' most recent fiscal year-ends available as of the most recent quarter-end.
15.
Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.
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Capital Client Group, Inc.
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.