American Funds The Growth Fund of America® Class 529-E (CGFEX)

American Funds The Growth Fund of America® Class 529-E is a mutual fund designed primarily for growth of capital over the long term. This fund targets investors seeking to save for educational expenses using a 529 tax-advantaged savings plan structure. Managed by Capital Group, it primarily invests in a diversified portfolio of large-cap U.S. companies with strong growth potential, favoring firms that are expected to experience above-average increases in earnings, sales, and cash flow. The fund's management team employs a multi-manager approach, with multiple seasoned portfolio managers each overseeing a segment of the fund’s assets, which helps enhance diversification and reduce manager-specific risk. As one of the largest actively managed mutual funds in the U.S., it holds hundreds of stocks across various industries, with a focus on innovation-driven and rapidly expanding sectors. The fund’s size and prominence grant it significant influence within the large-growth category, and its track record highlights its role as a core equity holding for investors pursuing long-term capital appreciation through college savings accounts.