Manager Skill Review · Fund (strategy-level)
AGTHX — Growth Fund of America
Strategy-level ERM3 read from the fund's reported holdings — the mandate-accurate view. The stock-selection residual — the return remaining after the model's specified market, sector, subsector, and style exposures — persists out of sample.
Large Growth · 192 holdings · eff. N 34 · top-10 47%
- Evidence
- N-PORT · registered-fund holdings
- Holdings as of
- 2026-05-31
- Filed
- 2026-08-14
- Model
- ERM3 v3.0
Summary Risk Profile
Return attribution vs risk decompositionGrowth Fund of America is a Large Growth strategy across 192 names (effective N 34, top-10 47%). Growth Fund of America's +24.4% trailing return was led by market beta (+32.9% market); stock selection contributed -6.0%. Over the trailing window stock selection detracted (-25% of gross); the risk decomposition is the steadier read.Beta to SPY 1.12 explains 91% of NAV variance; ERM3's multifactor model captures 97% · modeled-vs-reported NAV correlation 0.96 over 244 months.Evidence — not a recommendation.
Cumulative return
trailing 12m · gross vs buyableStrategy-level read from the fund's reported holdings via the RiskModels ERM3 model. Figures are gross, holdings-derived, and within-mandate. Informational use only — not investment advice.