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 persists out of sample.
Large Growth · 174 holdings · eff. N 31 · top-10 50% · as of 2026-05-31
Summary Risk Profile
Return attribution vs risk decompositionGrowth Fund of America is a Large Growth strategy across 174 names (effective N 31, top-10 50%). Growth Fund of America's +25.4% trailing return was led by market beta (+32.7% market); stock selection contributed -3.4%. Over the trailing window stock selection detracted (-13% 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 0.95 over 244 months.Evidence — not a recommendation.
Key
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.