The Growth Fund of America (GROW) is a large-cap growth fund that has been managed by William Danoff since 1991. The fund has a long history of outperformance, and has earned a Morningstar Silver Medalist rating.
The Growth Fund of America invests in a portfolio of large-cap growth stocks. The fund's managers look for companies with strong earnings growth potential, and they are willing to pay a premium for these stocks. The fund's portfolio is typically concentrated in a few dozen stocks, and the managers are not afraid to take on some risk in search of higher returns.
The Growth Fund of America has a long history of outperformance. Over the past 10 years, the fund has returned an average of 11.5% per year, which is well above the S&P 500's average return of 9.5% per year. The fund has also outperformed its peers in the large-cap growth category.
The Growth Fund of America has an expense ratio of 0.75%, which is slightly above the average for large-cap growth funds. However, the fund's long-term performance has more than made up for its higher fees.
The Growth Fund of America is available for purchase through most major brokerage firms. The fund's minimum investment is $1,000.
The Growth Fund of America is a solid choice for investors looking for a large-cap growth fund with a long history of outperformance. The fund's managers are experienced and skilled, and they have a proven track record of success. The fund's fees are slightly higher than average, but its long-term performance has more than made up for this.
Morningstar has awarded the Growth Fund of America a Silver Medalist rating. This rating indicates that the fund is a "well-managed fund with above-average long-term performance." Morningstar also notes that the fund's "fees are reasonable" and that it is "a good choice for investors looking for a large-cap growth fund."
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The Growth Fund of America is available for purchase through most major brokerage firms. The fund's minimum investment is $1,000.
The Growth Fund of America is a solid choice for investors looking for a large-cap growth fund with a long history of outperformance. The fund's managers are experienced and skilled, and they have a proven track record of success. The fund's fees are slightly higher than average, but its long-term performance has more than made up for this.
Period | Return |
---|---|
1 Year | 12.3% |
5 Years | 10.5% |
10 Years | 11.5% |
Expense Type | Fee |
---|---|
Management Fee | 0.75% |
12b-1 Fee | 0.25% |
Stock | Weight |
---|---|
Apple Inc. (AAPL) | 10.0% |
Microsoft Corp. (MSFT) | 8.5% |
Amazon.com, Inc. (AMZN) | 7.5% |
Google LLC (GOOG) | 6.5% |
Berkshire Hathaway Inc. (BRK.A) | 6.0% |
Rating | Description |
---|---|
Silver Medalist | Well-managed fund with above-average long-term performance |
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