Global Growth Fund
AMERICAN FUNDS INSURANCE SERIES
Fund classification
Classified from what the fund holds · as of 2026 Q2
Global Growth Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The funds investment objective is to provide long-term growth of capital.
The fund invests in common stocks of companies worldwide that the investment adviser believes offer attractive long-term growth potential, with at least 30–40% of assets typically held outside the United States depending on market conditions and index composition. Multiple portfolio managers oversee separate segments of the portfolio, each applying the adviser's philosophy of identifying undervalued companies with strong long-term prospects. Because performance depends on the investment adviser's judgments about which securities represent good opportunities, results will diverge from any benchmark.
| Share class | Gross | Net |
|---|---|---|
| C000023903 | 0.51% | 0.40% |
| C000023904 | 0.76% | 0.65% |
| C000121502 | 1.01% | 0.90% |
| C000176234 | 0.76% | 0.65% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 45.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.94% |
| Cash & short-term | 2.05% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 44.7% |
| Information Technology | 22.3% |
| Industrials | 7.7% |
| Health Care | 6.1% |
| 9 smaller | 19.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 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.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 6.87% | $76.79 | $736.96M | 9.6M |
| MU | MICRON TECHNOLOGY INCMU | 5.78% | $1,154.29 | $619.33M | 536.5K |
| — | SK HYNIX INC | 5.58% | $1,764.32 | $597.93M | 338.9K |
| AVGO | BROADCOM INCAVGO | 3.20% | $377.75 | $343.02M | 908.1K |
| GOOGL | ALPHABET INCGOOGL | 3.10% | $357.37 | $331.83M | 928.5K |
| WDC | WESTERN DIGITAL CORPWDC | 3.02% | $638.72 | $324.22M | 507.6K |
| — | SAMSUNG ELECTRONICS CO LTD | 2.31% | $218.62 | $247.86M | 1.1M |
| CMQXX | CAPITAL GROUP CENTRAL CASH FUNDCMQXX | 2.05% | — | $219.80M | — |
| — | ASML HOLDING NV | 1.50% | $1,983.24 | $160.48M | 80.9K |
| MSFT | MICROSOFT CORPMSFT | 1.36% | $373.02 | $145.74M | 390.7K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 34.77% of net assets, top 25 51.07%, across 168 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free