Manager Skill Review · Fund (strategy-level)
AGTHX — Growth Fund of America
ERM3 analysis of the fund's reported holdings. Residual return is the component remaining after the specified model exposures; it does not establish predictive manager skill.
Large Growth · 231 holdings · eff. N 38 · top-10 45%
- Evidence
- N-PORT · registered-fund holdings
- Holdings as of
- 2026-05-31
- Filed
- 2026-07-29
- Model
- ERM3 v3.0
Summary Risk Profile
Return attribution vs risk decompositionGrowth Fund of America is a Large Growth strategy across 231 names (effective N 38, top-10 45%). Growth Fund of America's +27.0% trailing return was led by market beta (+33.4% market); stock selection contributed -5.5%. Over the trailing window stock selection detracted (-20% of gross); the risk decomposition is the steadier read.Beta to SPY 1.13 explains 91% of NAV variance; ERM3's multifactor model captures 97% · modeled-vs-reported NAV correlation 0.97 over 199 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.