American Funds Growth Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, American Funds Growth Portfolio held 9 positions with $26.55B in net assets. Its ten largest holdings made up 100.0% of the fund. The RGWFX share class costs 0.43% a year. Over the 12 months to May 2026, RGWFX returned 29.7%, with dividends reinvested. In 2026 Q3 it added no new positions and exited none.
The funds investment objective is to provide long-term growth of capital.
The fund is a fund of funds that invests in a mix of American Funds, primarily growth funds and growth-and-income funds, to achieve long-term capital growth. Through its underlying fund holdings, the fund maintains significant exposure to growth-oriented common stocks, including substantial allocations to issuers domiciled outside the United States, smaller capitalization issuers, and emerging markets. The investment adviser constructs combinations of underlying funds based on their historical volatility, returns, and complementary characteristics, and periodically adjusts the weightings or composition of underlying funds in response to market conditions and the adviser's assessment of how different combinations would perform. Because the fund's returns depend on the selection and weighting of its underlying funds, performance will diverge from any single strategy or benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GROWTH FUND OF AMERICA (THE) | 20.96% | $5.56B | 67.4M | $82.59 |
RLLGXSMALLCAP WORLD FUND INC | 15.04% | $3.99B | 47.5M | $84.04 |
RNPGXNEW PERSPECTIVE FUND (NPF) | 14.96% | $3.97B | 54.9M | $72.36 |
RNGGXNEW ECONOMY FUND | 10.07% | $2.67B | 33.2M | $80.52 |
RFNGXFUNDAMENTAL INVESTORS | 10.03% | $2.66B | 26.8M | $99.44 |
RICGXINVESTMENT COMPANY OF AMERICA | 10.02% | $2.66B | 40.4M | $65.83 |
AMCAP FUND | 9.89% | $2.63B | 54.0M | $48.65 |
RWMGXWASHINGTON MUTUAL INVESTORS FUND (WMIF) | 5.04% | $1.34B | 19.8M | $67.51 |
NEW WORLD FUND INC | 4.01% | $1.06B | 10.5M | $101.69 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 9 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 97.60% |
| Cash & short-term | 2.42% |
| Bonds | 0.03% |
Look-through blends 7 underlying funds; 13.896% of NAV was not looked through and stays direct-classified.
How it has done
RGWFX share class · total returns with dividends reinvested
Volatility over the last 12 months: 15.42%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 23 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.43% | +29.68% | +88.36% | +66.99% | -9.96% | |
| 0.38% | +29.76% | +88.70% | +67.41% | -9.94% | |
| 0.71% | +29.34% | +86.78% | +64.52% | -10.00% | |
| 1.47% | +28.40% | +82.62% | +58.44% | -10.20% | |
| 0.74% | +29.35% | +86.72% | +64.44% | -9.99% | |
| 0.47% | +29.65% | +88.14% | +66.58% | -9.93% | |
| 0.75% | +29.31% | +86.54% | +64.25% | -9.97% | |
| 1.51% | +28.34% | +82.35% | +58.09% | -10.18% | |
| 0.99% | +28.98% | +85.27% | +62.44% | -10.04% | |
| 0.79% | +29.57% | +87.75% | +65.97% | -9.92% | |
| 1.47% | +28.40% | +82.69% | +58.57% | -10.13% | |
| 1.46% | +28.39% | +82.69% | +58.56% | -10.16% | |
| 1.01% | +29.00% | +85.14% | +62.19% | -10.03% | |
| 0.71% | +29.37% | +86.80% | +64.64% | -10.01% | |
| 1.18% | +28.73% | +84.21% | +60.88% | -10.09% | |
| 0.51% | +29.61% | +87.97% | +66.28% | -9.96% | |
| 0.38% | +29.80% | +88.69% | +67.44% | -9.91% | |
| 0.76% | +29.62% | +87.94% | +66.20% | -9.98% | |
| 0.71% | +29.70% | +88.23% | +66.71% | -9.93% | |
| 0.62% | +29.51% | +87.32% | +65.54% | -9.99% | |
| 0.43% | +29.71% | +88.39% | +66.94% | -9.91% | |
| 0.42% | +29.74% | +88.40% | +67.03% | -9.94% | |
| 0.49% | +29.67% | +88.04% | +66.45% | -9.95% |
These classes hold the same portfolio, so the 9.34pp spread over 5 years is the cost difference between them — roughly 1.87pp a year — not a difference in what they own.
Fees & fund details
American Funds Growth Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.38% – 1.51%· RGWFX 0.43%
- Portfolio turnover
- 1.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
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