American Funds The Growth Fund of America® Class 529-C (CGFCX)

American Funds The Growth Fund of America 529-C is an open-end mutual fund designed to provide long-term capital growth. As part of the large-growth category, the fund primarily invests in the common stocks of large U.S. companies expected to deliver above-average earnings growth. Managed through a distinct multi-manager system, its portfolio is segmented, allowing several seasoned managers to independently select securities, which can include both steady growth stocks and more opportunistic cyclical or turnaround plays. The fund’s holdings span key sectors such as technology, communication services, consumer cyclical, and healthcare, with significant investments in industry leaders like Microsoft, Meta Platforms, Amazon.com, and Broadcom. Up to 25% of assets may be allocated to foreign securities, providing additional diversification. With more than 300 holdings and one of the largest asset bases in its category, this fund plays a significant role in offering growth-oriented exposure for investors, particularly within 529 college savings plans. The fund also features annual dividend distributions and maintains an average risk and performance profile relative to its peers.