The Growth Fund of America®
Investment portfolio
May 31, 2021
unaudited
Common stocks 96.34% Information technology 23.16% | Shares | Value (000) | |
Microsoft Corp. | 54,832,274 | $13,690,522 | |
ASML Holding NV | 4,100,436 | 2,743,780 | |
ASML Holding NV (New York registered) (ADR) | 3,052,130 | 2,061,622 | |
Broadcom, Inc. | 10,120,561 | 4,780,245 | |
Mastercard, Inc., Class A | 11,423,715 | 4,119,163 | |
Taiwan Semiconductor Manufacturing Company, Ltd. | 127,149,000 | 2,749,790 | |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 8,802,693 | 1,033,084 | |
PayPal Holdings, Inc.1 | 12,885,888 | 3,350,589 | |
Shopify, Inc., Class A, subordinate voting shares1 | 1,575,103 | 1,957,648 | |
ServiceNow, Inc.1 | 3,970,155 | 1,881,377 | |
Applied Materials, Inc. | 13,530,362 | 1,868,949 | |
Autodesk, Inc.1 | 5,605,819 | 1,602,479 | |
RingCentral, Inc., Class A1 | 5,468,448 | 1,435,304 | |
Visa, Inc., Class A | 6,264,589 | 1,423,941 | |
MongoDB, Inc., Class A1,2 | 4,823,143 | 1,408,068 | |
Advanced Micro Devices, Inc.1 | 14,921,924 | 1,194,948 | |
Micron Technology, Inc.1 | 11,353,112 | 955,251 | |
Adobe, Inc.1 | 1,638,312 | 826,659 | |
Atlassian Corp. PLC, Class A1 | 3,542,425 | 826,377 | |
Square, Inc., Class A1 | 3,476,672 | 773,629 | |
FleetCor Technologies, Inc.1 | 2,781,154 | 763,260 | |
CrowdStrike Holdings, Inc., Class A1 | 2,834,975 | 629,790 | |
Motorola Solutions, Inc. | 2,573,446 | 528,354 | |
Fiserv, Inc.1 | 4,455,466 | 513,270 | |
Trimble, Inc.1 | 5,985,535 | 465,615 | |
Bill.com Holdings, Inc.1 | 2,997,103 | 446,329 | |
Cree, Inc.1 | 4,387,464 | 438,790 | |
EPAM Systems, Inc.1 | 856,460 | 409,045 | |
Lam Research Corp. | 590,640 | 383,827 | |
Keyence Corp. | 770,000 | 378,846 | |
Okta, Inc., Class A1 | 1,658,739 | 368,970 | |
Ceridian HCM Holding, Inc.1 | 4,085,456 | 365,485 | |
Apple, Inc. | 2,867,102 | 357,270 | |
Cognizant Technology Solutions Corp., Class A | 4,288,593 | 306,892 | |
Fidelity National Information Services, Inc. | 2,024,142 | 301,557 | |
Zendesk, Inc.1 | 2,194,438 | 299,892 | |
Tyler Technologies, Inc.1 | 740,505 | 298,542 | |
ON Semiconductor Corp.1 | 5,824,560 | 233,215 | |
Zoom Video Communications, Inc., Class A1 | 637,473 | 211,341 | |
Enphase Energy, Inc.1 | 1,459,520 | 208,784 | |
Nice, Ltd. (ADR) | 936,136 | 208,159 | |
NetApp, Inc. | 2,652,598 | 205,232 | |
SS&C Technologies Holdings, Inc. | 2,645,794 | 195,445 | |
Samsung Electronics Co., Ltd. | 2,672,660 | 193,645 | |
NortonLifeLock, Inc. | 6,457,978 | 178,628 | |
Jack Henry & Associates, Inc. | 1,139,637 | 175,675 | |
Zscaler, Inc.1 | 900,700 | 174,916 |
The Growth Fund of America — Page 1 of 15
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Snowflake, Inc., Class A1 | 725,977 | $172,804 | |
Alteryx, Inc., Class A1 | 2,092,315 | 162,719 | |
Elastic NV, non-registered shares1 | 1,311,538 | 155,037 | |
Paycom Software, Inc.1 | 449,677 | 148,214 | |
Affirm Holdings, Inc., Class A1,3 | 2,368,845 | 144,049 | |
Accenture PLC, Class A | 482,859 | 136,244 | |
DocuSign, Inc.1 | 663,098 | 133,694 | |
Intel Corp. | 2,280,393 | 130,256 | |
CDK Global, Inc. | 2,347,736 | 122,881 | |
TELUS International (Cda), Inc., subordinate voting shares1 | 3,309,035 | 102,712 | |
Qualtrics International, Inc., Class A1 | 2,920,738 | 100,590 | |
Cloudflare, Inc., Class A1 | 1,199,757 | 98,452 | |
Qorvo, Inc.1 | 523,733 | 95,697 | |
VeriSign, Inc.1 | 419,823 | 92,328 | |
Vontier Corp. | 2,604,558 | 91,368 | |
Datadog, Inc., Class A1 | 979,498 | 89,183 | |
Amphenol Corp., Class A | 1,176,228 | 79,113 | |
Zebra Technologies Corp., Class A1 | 158,492 | 78,778 | |
Keysight Technologies, Inc.1 | 533,423 | 75,949 | |
Epic Games, Inc.1,4,5,6 | 84,249 | 74,560 | |
GoDaddy Inc., Class A1 | 789,871 | 63,948 | |
Flex, Ltd.1 | 3,453,892 | 63,103 | |
Concentrix Corp.1 | 406,568 | 62,091 | |
Arista Networks, Inc.1 | 164,606 | 55,864 | |
NXP Semiconductors NV | 245,135 | 51,826 | |
Palo Alto Networks, Inc.1 | 126,902 | 46,097 | |
Stripe, Inc., Class B1,4,5,6 | 1,123,404 | 45,077 | |
Smartsheet, Inc., Class A1 | 743,394 | 43,920 | |
Kulicke and Soffa Industries, Inc. | 835,800 | 43,378 | |
Amadeus IT Group SA, Class A, non-registered shares1 | 528,604 | 39,909 | |
Appfolio, Inc., Class A1 | 260,981 | 35,204 | |
MKS Instruments, Inc. | 183,192 | 34,482 | |
UiPath, Inc., Class A1,3 | 353,833 | 28,243 | |
QUALCOMM, Inc. | 206,685 | 27,807 | |
Guidewire Software, Inc.1 | 165,000 | 16,127 | |
62,865,903 | |||
Consumer discretionary 19.96% | |||
Tesla, Inc.1 | 20,851,395 | 13,036,709 | |
Amazon.com, Inc.1 | 3,585,350 | 11,555,834 | |
Home Depot, Inc. | 7,025,820 | 2,240,604 | |
General Motors Company1 | 30,960,333 | 1,836,257 | |
Royal Caribbean Cruises, Ltd.1,2 | 18,131,040 | 1,691,082 | |
Caesars Entertainment, Inc.1,2 | 14,974,381 | 1,608,997 | |
Burlington Stores, Inc.1,2 | 4,815,540 | 1,557,201 | |
Peloton Interactive, Inc., Class A1 | 14,105,916 | 1,556,024 | |
NIKE, Inc., Class B | 10,082,371 | 1,375,840 | |
LVMH Moët Hennessy-Louis Vuitton SE | 1,703,899 | 1,358,516 | |
Airbnb, Inc., Class A1,3 | 7,145,256 | 1,003,194 | |
D.R. Horton, Inc. | 10,463,097 | 997,028 | |
MercadoLibre, Inc.1 | 726,782 | 987,457 | |
Flutter Entertainment PLC (CDI)1 | 3,005,043 | 563,970 | |
Flutter Entertainment PLC1 | 2,270,122 | 422,510 | |
Hilton Worldwide Holdings, Inc.1 | 7,517,384 | 941,703 | |
Booking Holdings, Inc.1 | 387,031 | 913,993 |
The Growth Fund of America — Page 2 of 15
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
NVR, Inc.1,2 | 181,876 | $888,870 | |
Evolution AB | 4,239,668 | 811,862 | |
Chipotle Mexican Grill, Inc.1 | 563,991 | 773,784 | |
Darden Restaurants, Inc. | 4,331,707 | 620,430 | |
Dollar General Corp. | 2,457,335 | 498,741 | |
Hermès International | 332,831 | 469,070 | |
Moncler SpA | 6,379,862 | 453,430 | |
Aptiv PLC1 | 3,008,571 | 452,549 | |
DoorDash, Inc., Class A1,3 | 2,984,566 | 448,521 | |
Starbucks Corp. | 3,646,768 | 415,294 | |
Mattel, Inc.1 | 16,734,350 | 354,936 | |
Mercari, Inc.1 | 6,102,900 | 289,287 | |
Vail Resorts, Inc.1 | 825,017 | 269,682 | |
Floor & Decor Holdings, Inc., Class A1 | 2,519,345 | 247,677 | |
YETI Holdings, Inc.1 | 2,751,810 | 241,059 | |
EssilorLuxottica3 | 1,344,329 | 233,238 | |
Lennar Corp., Class A | 2,167,000 | 214,555 | |
Domino’s Pizza, Inc. | 496,490 | 211,937 | |
lululemon athletica, inc.1 | 598,900 | 193,523 | |
Kering SA | 200,000 | 183,012 | |
Wynn Resorts, Ltd.1 | 1,381,502 | 182,179 | |
Xpeng, Inc., Class A (ADR)1,3 | 5,532,000 | 177,743 | |
Aramark | 4,470,017 | 166,955 | |
Just Eat Takeaway (EUR denominated)1 | 1,756,206 | 159,436 | |
Just Eat Takeaway (GBP denominated)1 | 68,099 | 6,164 | |
Etsy, Inc.1 | 957,000 | 157,647 | |
Industria de Diseño Textil, SA | 4,035,550 | 156,386 | |
Wayfair Inc., Class A1 | 444,580 | 136,281 | |
DraftKings, Inc., Class A1 | 2,249,510 | 112,363 | |
LGI Homes, Inc.1 | 563,483 | 101,883 | |
Dollar Tree Stores, Inc.1 | 1,017,369 | 99,193 | |
Marriott International, Inc., Class A1 | 670,635 | 96,290 | |
Arrival Group1,4,7 | 4,820,116 | 88,798 | |
Toll Brothers, Inc. | 1,308,000 | 85,334 | |
Carvana Co., Class A1 | 315,479 | 83,630 | |
Norwegian Cruise Line Holdings, Ltd.1,3 | 2,554,800 | 81,498 | |
Restaurant Brands International, Inc. | 1,153,000 | 80,387 | |
Cie. Financière Richemont SA, Class A | 577,766 | 70,481 | |
Alibaba Group Holding, Ltd.1 | 2,167,600 | 58,928 | |
YUM! Brands, Inc. | 479,878 | 57,571 | |
Pool Corp. | 129,747 | 56,641 | |
Las Vegas Sands Corp.1 | 794,827 | 45,901 | |
54,180,065 | |||
Communication services 18.28% | |||
Facebook, Inc., Class A1 | 40,954,819 | 13,463,078 | |
Alphabet, Inc., Class C1 | 3,296,922 | 7,950,725 | |
Alphabet, Inc., Class A1 | 2,317,848 | 5,462,820 | |
Netflix, Inc.1,2 | 24,207,471 | 12,171,758 | |
Charter Communications, Inc., Class A1 | 4,159,977 | 2,889,229 | |
Comcast Corp., Class A | 28,896,148 | 1,656,905 | |
Activision Blizzard, Inc. | 15,435,577 | 1,501,110 | |
Snap, Inc., Class A1 | 13,191,131 | 819,433 | |
Yandex NV, Class A1 | 8,322,746 | 562,118 | |
Tencent Holdings, Ltd. | 6,543,900 | 521,897 |
The Growth Fund of America — Page 3 of 15
unaudited
Common stocks (continued) Communication services (continued) | Shares | Value (000) | |
T-Mobile US, Inc.1 | 3,377,346 | $477,726 | |
Zillow Group, Inc., Class C, nonvoting shares1 | 2,120,579 | 248,786 | |
Zillow Group, Inc., Class A1 | 1,061,173 | 125,526 | |
Pinterest, Inc., Class A1 | 3,308,376 | 216,037 | |
SoftBank Group Corp. | 2,461,100 | 185,577 | |
Playtika Holding Corp.1 | 6,271,682 | 172,032 | |
Iridium Communications, Inc.1 | 4,461,034 | 170,456 | |
Walt Disney Company1 | 924,813 | 165,218 | |
Match Group, Inc.1 | 920,262 | 131,947 | |
ViacomCBS, Inc., Class B | 2,835,000 | 120,261 | |
ROBLOX Corp., Class A1,3 | 1,250,585 | 117,267 | |
New York Times Co., Class A | 2,658,224 | 113,825 | |
Bumble, Inc., Class A1 | 2,144,731 | 102,347 | |
Live Nation Entertainment, Inc.1 | 799,569 | 72,049 | |
Liberty Broadband Corp., Class C, nonvoting shares1 | 370,093 | 61,543 | |
Sea, Ltd., Class A (ADR)1 | 201,500 | 51,028 | |
ZoomInfo Technologies, Inc., Class A1 | 1,152,766 | 50,526 | |
Electronic Arts, Inc. | 212,763 | 30,410 | |
49,611,634 | |||
Health care 12.92% | |||
UnitedHealth Group, Inc. | 13,840,693 | 5,701,258 | |
Thermo Fisher Scientific, Inc. | 5,813,719 | 2,729,541 | |
Abbott Laboratories | 22,633,623 | 2,640,212 | |
NovoCure, Ltd.1,2 | 8,317,762 | 1,696,823 | |
Regeneron Pharmaceuticals, Inc.1 | 3,154,755 | 1,585,044 | |
Centene Corp.1 | 18,037,945 | 1,327,593 | |
Vertex Pharmaceuticals, Inc.1 | 5,915,634 | 1,234,179 | |
Seagen, Inc.1 | 7,804,557 | 1,212,438 | |
Intuitive Surgical, Inc.1 | 1,058,315 | 891,292 | |
Insulet Corp.1 | 3,221,334 | 868,697 | |
Edwards Lifesciences Corp.1 | 7,766,862 | 744,842 | |
BioMarin Pharmaceutical, Inc.1 | 8,891,965 | 687,349 | |
Humana Inc. | 1,544,280 | 675,931 | |
Zoetis, Inc., Class A | 3,720,472 | 657,333 | |
Stryker Corp. | 2,288,764 | 584,253 | |
Ultragenyx Pharmaceutical, Inc.1,2 | 5,337,580 | 542,885 | |
Teladoc Health, Inc.1 | 3,539,139 | 532,924 | |
Oak Street Health, Inc.1 | 8,815,816 | 532,387 | |
Teva Pharmaceutical Industries, Ltd. (ADR)1 | 49,370,750 | 513,456 | |
Allakos, Inc.1,2 | 4,986,172 | 505,797 | |
Cigna Corp. | 1,846,602 | 477,993 | |
Biohaven Pharmaceutical Holding Co., Ltd.1,2 | 5,466,196 | 475,559 | |
Zimmer Biomet Holdings, Inc. | 2,469,818 | 415,744 | |
PerkinElmer, Inc. | 2,797,637 | 405,853 | |
Amgen, Inc. | 1,572,143 | 374,076 | |
Danaher Corp. | 1,455,668 | 372,855 | |
ResMed, Inc. | 1,797,138 | 369,941 | |
Illumina, Inc.1 | 911,816 | 369,869 | |
DexCom, Inc.1 | 992,629 | 366,667 | |
Catalent, Inc.1 | 3,429,548 | 359,520 | |
Molina Healthcare, Inc.1 | 1,311,307 | 329,610 | |
Exact Sciences Corp.1 | 2,757,819 | 304,822 | |
Twist Bioscience Corp.1,2 | 2,529,940 | 271,488 | |
QIAGEN NV1 | 5,454,074 | 269,213 |
The Growth Fund of America — Page 4 of 15
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Novo Nordisk A/S, Class B | 3,342,961 | $264,561 | |
Gilead Sciences, Inc. | 3,987,978 | 263,645 | |
Sarepta Therapeutics, Inc.1 | 3,379,578 | 255,665 | |
Vir Biotechnology, Inc.1 | 5,425,970 | 227,402 | |
Moderna, Inc.1 | 1,124,772 | 208,094 | |
Pfizer, Inc. | 5,354,705 | 207,388 | |
Guardant Health, Inc.1 | 1,613,825 | 200,308 | |
Mettler-Toledo International, Inc.1 | 152,304 | 198,140 | |
Eli Lilly and Company | 954,806 | 190,713 | |
Allogene Therapeutics, Inc.1,2 | 7,309,963 | 187,866 | |
Penumbra, Inc.1 | 723,089 | 180,129 | |
Baxter International, Inc. | 2,020,605 | 165,932 | |
CRISPR Therapeutics AG1 | 1,166,034 | 137,802 | |
BeiGene, Ltd. (ADR)1 | 310,868 | 111,450 | |
BeiGene, Ltd.1 | 832,100 | 24,079 | |
Neurocrine Biosciences, Inc.1 | 1,230,536 | 118,402 | |
R1 RCM, Inc.1 | 4,450,000 | 103,018 | |
Daiichi Sankyo Company, Ltd. | 4,449,900 | 102,824 | |
Verily Life Sciences LLC1,4,5,6 | 673,374 | 100,548 | |
Madrigal Pharmaceuticals, Inc.1,2 | 892,758 | 100,257 | |
Cortexyme, Inc.1,2,3 | 2,234,812 | 92,454 | |
Chemed Corp. | 172,649 | 84,829 | |
AstraZeneca PLC | 635,862 | 72,685 | |
Applied Molecular Transport, Inc.1,3 | 1,457,700 | 69,882 | |
Novavax, Inc.1 | 401,818 | 59,316 | |
Pacific Biosciences of California, Inc.1 | 1,858,360 | 50,269 | |
Syneos Health, Inc., Class A1 | 554,000 | 48,697 | |
Acerta Pharma BV1,4,5,6 | 273,779,325 | 38,411 | |
Anthem, Inc. | 84,451 | 33,630 | |
Alnylam Pharmaceuticals, Inc.1 | 180,000 | 25,558 | |
TG Therapeutics, Inc.1 | 732,695 | 25,549 | |
AbCellera Biologics, Inc.1,3 | 875,133 | 23,480 | |
Global Blood Therapeutics, Inc.1 | 549,633 | 21,122 | |
Adaptive Biotechnologies Corp.1 | 540,938 | 20,453 | |
GoodRx Holdings, Inc., Class A1,3 | 354,389 | 13,151 | |
Sana Biotechnology, Inc.1 | 590,081 | 12,374 | |
35,067,527 | |||
Industrials 8.35% | |||
CSX Corp. | 26,741,874 | 2,677,396 | |
Carrier Global Corp.2 | 45,138,468 | 2,073,210 | |
Caterpillar, Inc. | 6,591,303 | 1,589,031 | |
TransDigm Group, Inc.1 | 2,351,587 | 1,525,804 | |
Old Dominion Freight Line, Inc. | 4,053,489 | 1,075,999 | |
Airbus SE, non-registered shares1 | 7,582,902 | 989,032 | |
Honeywell International, Inc. | 3,666,977 | 846,742 | |
Safran SA | 4,824,516 | 721,882 | |
General Electric Co. | 48,297,221 | 679,059 | |
Ryanair Holdings PLC (ADR)1 | 5,128,751 | 598,782 | |
Ryanair Holdings PLC1 | 3,788,378 | 78,152 | |
Jacobs Engineering Group, Inc. | 3,943,624 | 560,310 | |
Dun & Bradstreet Holdings, Inc.1,2 | 24,215,494 | 519,907 | |
Equifax, Inc. | 2,000,532 | 470,205 | |
HEICO Corp. | 2,646,257 | 371,693 | |
HEICO Corp., Class A | 681,556 | 90,279 |
The Growth Fund of America — Page 5 of 15
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Delta Air Lines, Inc.1 | 8,870,000 | $422,921 | |
Uber Technologies, Inc.1 | 7,283,105 | 370,200 | |
Rolls-Royce Holdings PLC1 | 241,396,360 | 367,027 | |
Raytheon Technologies Corp. | 3,994,333 | 354,337 | |
Northrop Grumman Corp. | 965,418 | 353,217 | |
Norfolk Southern Corp. | 1,173,406 | 329,610 | |
L3Harris Technologies, Inc. | 1,462,613 | 318,937 | |
Union Pacific Corp. | 1,382,219 | 310,626 | |
TuSimple Holdings, Inc., Class A1,3 | 7,738,452 | 296,692 | |
Lockheed Martin Corp. | 747,248 | 285,598 | |
Harmonic Drive Systems, Inc.2,3 | 5,156,252 | 277,851 | |
BWX Technologies, Inc. | 4,269,176 | 266,994 | |
Emerson Electric Co. | 2,603,476 | 249,127 | |
United Airlines Holdings, Inc.1 | 3,932,718 | 229,474 | |
Boeing Company1 | 907,598 | 224,195 | |
Fortive Corp. | 2,790,237 | 202,348 | |
RELX PLC (ADR) | 7,395,061 | 193,233 | |
Armstrong World Industries, Inc. | 1,753,910 | 186,528 | |
Waste Management, Inc. | 1,314,122 | 184,871 | |
Stanley Black & Decker, Inc. | 819,452 | 177,657 | |
Parker-Hannifin Corp. | 550,899 | 169,759 | |
ABB, Ltd. | 4,716,859 | 160,946 | |
United Rentals, Inc.1 | 475,683 | 158,859 | |
Otis Worldwide Corp. | 1,982,467 | 155,287 | |
MTU Aero Engines AG | 592,442 | 152,863 | |
FedEx Corp. | 453,908 | 142,895 | |
ASSA ABLOY AB, Class B | 4,462,389 | 137,215 | |
Southwest Airlines Co.1 | 2,198,815 | 135,139 | |
AMETEK, Inc. | 933,877 | 126,167 | |
Waste Connections, Inc. | 914,218 | 111,023 | |
Cummins, Inc. | 399,733 | 102,843 | |
Komatsu, Ltd. | 3,503,700 | 102,496 | |
Epiroc AB, Class B | 4,337,777 | 86,524 | |
Epiroc AB, Class A | 646,486 | 14,638 | |
Generac Holdings, Inc.1 | 305,721 | 100,497 | |
Singapore Technologies Engineering, Ltd. | 32,993,300 | 96,635 | |
Lennox International, Inc. | 252,458 | 88,343 | |
Copart, Inc.1 | 498,899 | 64,363 | |
Air Lease Corp., Class A | 749,950 | 35,293 | |
ManpowerGroup, Inc. | 160,914 | 19,469 | |
Kratos Defense & Security Solutions, Inc.1 | 773,077 | 19,335 | |
22,649,515 | |||
Financials 6.03% | |||
JPMorgan Chase & Co. | 14,666,831 | 2,408,880 | |
First Republic Bank | 7,309,668 | 1,399,363 | |
BlackRock, Inc. | 973,118 | 853,463 | |
Intercontinental Exchange, Inc. | 6,894,372 | 778,237 | |
SVB Financial Group1 | 1,291,922 | 753,048 | |
KKR & Co., Inc. | 11,639,123 | 648,183 | |
Bank of America Corp. | 14,868,248 | 630,265 | |
CME Group, Inc., Class A | 2,784,849 | 609,214 | |
S&P Global, Inc. | 1,534,885 | 582,443 | |
PNC Financial Services Group, Inc. | 2,595,455 | 505,283 | |
Progressive Corp. | 4,842,000 | 479,745 |
The Growth Fund of America — Page 6 of 15
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) | |
HDFC Bank, Ltd. (ADR)1 | 3,203,156 | $245,138 | |
HDFC Bank, Ltd.1 | 8,630,879 | 180,152 | |
Marsh & McLennan Companies, Inc. | 3,021,024 | 417,959 | |
Citigroup, Inc. | 4,844,449 | 381,307 | |
Arch Capital Group, Ltd.1 | 8,962,523 | 357,515 | |
American International Group, Inc. | 6,738,296 | 356,052 | |
MSCI, Inc. | 733,733 | 343,482 | |
Morgan Stanley | 3,723,000 | 338,607 | |
AIA Group, Ltd. | 25,116,688 | 321,019 | |
Capital One Financial Corp. | 1,914,382 | 307,794 | |
Carlyle Group, Inc. | 6,775,475 | 295,682 | |
Fannie Mae1 | 127,140,602 | 273,352 | |
East West Bancorp, Inc. | 3,579,687 | 267,689 | |
Berkshire Hathaway, Inc., Class B1 | 840,005 | 243,131 | |
Essent Group, Ltd. | 4,966,250 | 237,585 | |
Western Alliance Bancorporation | 2,362,639 | 236,288 | |
Athene Holding, Ltd., Class A1 | 3,583,384 | 224,427 | |
Chubb, Ltd. | 1,291,595 | 219,558 | |
Federal Home Loan Mortgage Corp.1,3 | 91,335,258 | 198,197 | |
Moody’s Corp. | 572,068 | 191,843 | |
The Blackstone Group, Inc. | 1,857,609 | 172,145 | |
Goldman Sachs Group, Inc. | 430,500 | 160,155 | |
Travelers Companies, Inc. | 956,674 | 152,781 | |
BOK Financial Corp. | 1,261,350 | 114,833 | |
Ares Management Corp., Class A | 1,615,787 | 89,159 | |
Aon PLC, Class A | 339,690 | 86,067 | |
Tradeweb Markets, Inc., Class A | 858,026 | 71,885 | |
Discover Financial Services | 603,000 | 70,708 | |
Everest Re Group, Ltd. | 240,148 | 62,429 | |
Focus Financial Partners, Inc., Class A1 | 996,961 | 50,536 | |
Trupanion, Inc.1 | 392,000 | 35,347 | |
Fifth Third Bancorp | 463,000 | 19,511 | |
16,370,457 | |||
Energy 2.36% | |||
EOG Resources, Inc. | 26,668,200 | 2,142,523 | |
Cenovus Energy ,Inc.2 | 130,157,219 | 1,088,058 | |
Pioneer Natural Resources Company | 5,787,036 | 880,729 | |
Diamondback Energy, Inc. | 7,095,381 | 568,127 | |
Halliburton Company | 20,315,909 | 456,092 | |
ConocoPhillips | 6,353,123 | 354,123 | |
Baker Hughes Co., Class A | 7,948,278 | 193,938 | |
Cimarex Energy Co. | 2,025,413 | 137,222 | |
Exxon Mobil Corp. | 1,672,500 | 97,624 | |
ONEOK, Inc. | 1,608,100 | 84,811 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 1,846,664 | 64,809 | |
Canadian Natural Resources, Ltd. | 525,148 | 18,181 | |
Chesapeake Energy Corp. | 1,509,196 | 79,686 | |
Suncor Energy, Inc. | 3,116,669 | 72,455 | |
BP PLC | 12,217,939 | 53,142 | |
Weatherford International1,2 | 4,329,899 | 50,227 | |
Schlumberger, Ltd. | 1,436,897 | 45,018 | |
Equitrans Midstream Corp. | 1,092,889 | 9,005 | |
6,395,770 |
The Growth Fund of America — Page 7 of 15
unaudited
Common stocks (continued) Materials 2.23% | Shares | Value (000) | |
Vale SA, ordinary nominative shares (ADR) | 42,946,552 | $924,210 | |
Vale SA, ordinary nominative shares | 14,500,065 | 317,636 | |
Freeport-McMoRan, Inc. | 23,139,107 | 988,503 | |
Sherwin-Williams Company | 2,916,120 | 826,807 | |
LyondellBasell Industries NV | 5,862,126 | 660,193 | |
Shin-Etsu Chemical Co., Ltd. | 3,198,500 | 550,806 | |
Linde PLC | 1,503,648 | 451,996 | |
Rio Tinto PLC | 5,097,784 | 439,180 | |
Barrick Gold Corp. | 11,900,000 | 286,552 | |
Celanese Corp. | 1,520,108 | 251,502 | |
Allegheny Technologies, Inc.1 | 5,111,032 | 125,169 | |
Ball Corp. | 1,036,744 | 85,179 | |
PPG Industries, Inc. | 420,032 | 75,488 | |
Packaging Corporation of America | 174,000 | 25,865 | |
Scotts Miracle-Gro Co., Class A | 109,978 | 23,906 | |
Summit Materials, Inc., Class A1 | 350,600 | 12,208 | |
Danimer Scientific, Inc., Class A1,3 | 436,826 | 9,689 | |
6,054,889 | |||
Consumer staples 2.04% | |||
Costco Wholesale Corp. | 2,934,898 | 1,110,184 | |
Philip Morris International, Inc. | 7,084,939 | 683,201 | |
Constellation Brands, Inc., Class A | 2,382,903 | 571,230 | |
Herbalife Nutrition, Ltd.1,2 | 9,113,979 | 479,122 | |
Altria Group, Inc. | 9,670,236 | 475,969 | |
Heineken NV | 3,879,120 | 463,068 | |
Reckitt Benckiser Group PLC | 4,978,078 | 450,368 | |
Kerry Group PLC, Class A | 1,983,453 | 268,256 | |
Pernod Ricard SA | 990,595 | 218,225 | |
Estée Lauder Companies, Inc., Class A | 679,864 | 208,392 | |
Monster Beverage Corp.1 | 1,441,000 | 135,843 | |
Molson Coors Beverage Company, Class B, restricted voting shares1 | 2,310,757 | 134,763 | |
Grocery Outlet Holding Corp.1 | 3,887,674 | 132,453 | |
British American Tobacco PLC | 2,080,463 | 80,189 | |
Fevertree Drinks PLC | 1,795,000 | 65,156 | |
Church & Dwight Co., Inc. | 401,055 | 34,382 | |
JUUL Labs, Inc., Class A1,4,5,6 | 433,213 | 18,373 | |
Kroger Co. | 480,000 | 17,750 | |
5,546,924 | |||
Real estate 0.66% | |||
Equinix, Inc. REIT | 979,772 | 721,818 | |
SBA Communications Corp. REIT | 1,669,684 | 497,766 | |
American Tower Corp. REIT | 1,635,058 | 417,692 | |
Pebblebrook Hotel Trust REIT | 3,690,025 | 82,472 | |
Park Hotels & Resorts, Inc. REIT1 | 3,421,085 | 71,124 | |
1,790,872 | |||
Utilities 0.35% | |||
NextEra Energy, Inc. | 5,081,490 | 372,067 | |
PG&E Corp.1 | 20,286,117 | 205,701 | |
Xcel Energy, Inc. | 2,798,131 | 198,332 |
The Growth Fund of America — Page 8 of 15
unaudited
Common stocks (continued) Utilities (continued) | Shares | Value (000) | |
Ørsted AS | 608,809 | $92,378 | |
AES Corp. | 3,440,313 | 87,418 | |
955,896 | |||
Total common stocks (cost: $111,099,491,000) | 261,489,452 | ||
Preferred securities 0.55% Financials 0.29% | |||
Fannie Mae, Series S, 8.25% noncumulative preferred shares1,3 | 42,004,946 | 267,571 | |
Fannie Mae, Series T, 8.25% noncumulative preferred shares1 | 16,877,351 | 103,121 | |
Fannie Mae, Series O, 7.00% noncumulative preferred shares1 | 6,554,622 | 71,511 | |
Fannie Mae, Series R, 7.625% noncumulative preferred shares1 | 3,784,090 | 22,061 | |
Fannie Mae, Series P, 4.50% noncumulative preferred shares1 | 755,000 | 3,964 | |
Federal Home Loan Mortgage Corp., Series Z, 8.375% noncumulative preferred shares1 | 48,948,739 | 295,651 | |
Federal Home Loan Mortgage Corp., Series V, 5.57% preferred shares1 | 2,031,012 | 10,561 | |
Federal Home Loan Mortgage Corp., Series X, 6.02% noncumulative preferred shares1 | 239,000 | 1,312 | |
775,752 | |||
Consumer discretionary 0.19% | |||
Rivian Automotive, Inc., Series E, preferred shares1,4,5,6 | 5,565,505 | 205,089 | |
Rivian Automotive, Inc., Series F, preferred shares1,4,5,6 | 2,267,556 | 83,559 | |
GM Cruise Holdings LLC, Series F, preferred shares1,4,5,6 | 5,205,500 | 137,165 | |
Waymo LLC, Series A-2, 8.00% noncumulative preferred shares1,4,5,6 | 1,164,589 | 100,000 | |
525,813 | |||
Information technology 0.05% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares | 1,515,386 | 99,566 | |
PsiQuantum, Corp., Series D, preferred shares1,4,5,6 | 613,889 | 16,100 | |
Stripe, Inc., Series H, 6.00% noncumulative preferred shares1,4,5,6 | 376,444 | 15,105 | |
130,771 | |||
Health care 0.02% | |||
Grail, Inc., Series D, convertible preferred shares1,4,5,6 | 10,878,487 | 60,158 | |
Total preferred securities (cost: $1,445,074,000) | 1,492,494 | ||
Rights & warrants 0.00% Energy 0.00% | |||
Cenovus Energy, Inc., warrants, expire 20261,2 | 1,059,938 | 4,531 | |
Total rights & warrants (cost: $3,572,000) | 4,531 | ||
Convertible bonds & notes 0.01% Consumer discretionary 0.01% | Principal amount (000) | ||
Royal Caribbean Cruises, Ltd., convertible notes, 4.25% 20232,7 | $15,746 | 23,036 | |
Total convertible bonds & notes (cost: $15,465,000) | 23,036 |
The Growth Fund of America — Page 9 of 15
unaudited
Bonds, notes & other debt instruments 0.01% Corporate bonds, notes & loans 0.01% Energy 0.01% | Principal amount (000) | Value (000) | |
Weatherford International PLC 8.75% 20242,7 | $5,691 | $5,954 | |
Weatherford International PLC 11.00% 20242,7 | 15,155 | 15,386 | |
Total bonds, notes & other debt instruments (cost: $20,297,000) | 21,340 | ||
Short-term securities 3.22% Money market investments 3.05% | Shares | ||
Capital Group Central Cash Fund 0.05%2,8 | 82,652,097 | 8,266,036 | |
Money market investments purchased with collateral from securities on loan 0.17% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.02%8,9 | 363,046,434 | 363,047 | |
Capital Group Central Cash Fund 0.05%2,8,9 | 772,713 | 77,279 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%8,9 | 25,494,973 | 25,495 | |
465,821 | |||
Total short-term securities (cost: $8,731,318,000) | 8,731,857 | ||
Total investment securities 100.13% (cost: $121,315,217,000) | 271,762,710 | ||
Other assets less liabilities (0.13)% | (353,454) | ||
Net assets 100.00% | $271,409,256 |
The Growth Fund of America — Page 10 of 15
unaudited
Investments in affiliates2
Value of affiliates at 9/1/2020 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 5/31/2021 (000) | Dividend or interest income (000) | |
Common stocks 10.20% | |||||||
Information technology 0.52% | |||||||
MongoDB, Inc., Class A1 | $1,085,512 | $58,049 | $696 | $536 | $264,667 | $1,408,068 | $— |
FleetCor Technologies, Inc.1,10 | 1,480,865 | 184,632 | 1,014,534 | 176,535 | (64,238) | — | — |
1,408,068 | |||||||
Consumer discretionary 2.12% | |||||||
Royal Caribbean Cruises, Ltd.1 | 950,295 | 384,383 | 84,205 | 3,718 | 436,891 | 1,691,082 | — |
Caesars Entertainment, Inc.1 | 428,233 | 790,761 | 485,760 | 130,061 | 745,702 | 1,608,997 | — |
Burlington Stores, Inc.1 | 722,530 | 400,232 | 187,578 | 25,008 | 597,009 | 1,557,201 | — |
NVR, Inc.1 | 639,315 | 358,829 | 209,691 | 26,620 | 73,797 | 888,870 | — |
Darden Restaurants, Inc.10 | 645,358 | 215,434 | 675,913 | 198,086 | 237,465 | — | 9,856 |
Grand Canyon Education, Inc.1,10 | 238,456 | — | 214,906 | (64,603) | 41,053 | — | — |
5,746,150 | |||||||
Communication services 4.48% | |||||||
Netflix, Inc.1 | 13,509,883 | 684,366 | 1,343,233 | 453,267 | (1,132,525) | 12,171,758 | — |
Health care 1.43% | |||||||
NovoCure, Ltd.1 | 372,865 | 516,441 | 390 | 260 | 807,647 | 1,696,823 | — |
Ultragenyx Pharmaceutical, Inc.1 | 430,201 | 74,157 | 42,516 | (2,936) | 83,979 | 542,885 | — |
Allakos, Inc.1 | 414,878 | 39,201 | 5,725 | (587) | 58,030 | 505,797 | — |
Biohaven Pharmaceutical Holding Co., Ltd.1 | 226,036 | 149,811 | 143 | 48 | 99,807 | 475,559 | — |
Twist Bioscience Corp.1 | 7,662 | 248,035 | 60 | 29 | 15,822 | 271,488 | — |
Allogene Therapeutics, Inc.1 | 455,473 | 33,528 | 178,276 | (30,095) | (92,764) | 187,866 | — |
Madrigal Pharmaceuticals, Inc.1 | 87,727 | 19,699 | 13,287 | (19,798) | 25,916 | 100,257 | — |
Cortexyme, Inc.1,3 | 74,193 | 23,909 | 43 | 9 | (5,614) | 92,454 | — |
Bluebird Bio, Inc.1,10 | 325,896 | 40,897 | 173,179 | (392,715) | 199,101 | — | — |
Sarepta Therapeutics, Inc.1,10 | 487,351 | 141,254 | 86,510 | (46,245) | (240,185) | — | — |
3,873,129 | |||||||
Industrials 1.06% | |||||||
Carrier Global Corp. | 526,656 | 1,099,971 | 40,570 | 81 | 487,072 | 2,073,210 | 9,979 |
Dun & Bradstreet Holdings, Inc.1 | 545,598 | 221,466 | 161,158 | (8,269) | (77,730) | 519,907 | — |
Harmonic Drive Systems, Inc.3 | 152,679 | 173,863 | 127 | 75 | (48,639) | 277,851 | 690 |
2,870,968 | |||||||
Energy 0.42% | |||||||
Cenovus Energy ,Inc. | 107,480 | 635,497 | 202 | 127 | 345,156 | 1,088,058 | 1,760 |
Weatherford International1 | 13,127 | — | 14 | (36) | 37,150 | 50,227 | — |
Diamondback Energy, Inc.10 | 357,873 | — | 159,268 | (75,998) | 445,520 | — | 10,706 |
1,138,285 | |||||||
Consumer staples 0.17% | |||||||
Herbalife Nutrition, Ltd.1 | 448,193 | — | 238 | 161 | 31,006 | 479,122 | — |
Total common stocks | 27,687,480 | ||||||
Rights & warrants 0.00% | |||||||
Energy 0.00% | |||||||
Cenovus Energy, Inc., warrants, expire 20261 | — | 3,573 | 1 | —11 | 959 | 4,531 | — |
Convertible bonds & notes 0.01% | |||||||
Consumer discretionary 0.01% | |||||||
Royal Caribbean Cruises, Ltd., convertible notes, 4.25% 20237 | 19,208 | — | 10 | 2 | 3,836 | 23,036 | 596 |
The Growth Fund of America — Page 11 of 15
unaudited
Investments in affiliates2 (continued)
Value of affiliates at 9/1/2020 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 5/31/2021 (000) | Dividend or interest income (000) | |
Bonds, notes & other debt instruments 0.01% | |||||||
Energy 0.01% | |||||||
Weatherford International PLC 8.75% 20247 | $5,477 | $— | $— | $— | $477 | $5,954 | $443 |
Weatherford International PLC 11.00% 20247 | 10,192 | — | — | — | 5,194 | 15,386 | 1,276 |
21,340 | |||||||
Short-term securities 3.07% | |||||||
Money market investments 3.04% | |||||||
Capital Group Central Cash Fund 0.05%8 | 8,612,421 | 18,780,509 | 19,126,894 | 722 | (722) | 8,266,036 | 6,473 |
Money market investments purchased with collateral from securities on loan 0.03% | |||||||
Capital Group Central Cash Fund 0.05%8,9 | — | 77,27912 | 77,279 | —13 | |||
Total short-term securities | 8,343,315 | ||||||
Total 13.29% | $374,063 | $3,380,839 | $36,079,702 | $41,779 |
1 | Security did not produce income during the last 12 months. |
2 | Affiliate of the fund or part of the same group of investment companies as the fund, in each case as defined under the Investment Company Act of 1940. |
3 | All or a portion of this security was on loan. The total value of all such securities was $509,113,000, which represented .19% of the net assets of the fund. |
4 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $982,943,000, which represented .36% of the net assets of the fund. |
5 | Value determined using significant unobservable inputs. |
6 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear below. |
7 | Acquired in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $133,174,000, which represented .05% of the net assets of the fund. |
8 | Rate represents the seven-day yield at 5/31/2021. |
9 | Security purchased with cash collateral from securities on loan. |
10 | Unaffiliated issuer at 5/31/2021. |
11 | Amount less than one thousand. |
12 | Represents net activity. |
13 | Dividend income is included with securities lending income and is not shown in this table. |
Private placement securities | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Rivian Automotive, Inc., Series E, preferred shares | 7/10/2020 | $86,210 | $205,089 | .07% |
Rivian Automotive, Inc., Series F, preferred shares | 1/19/2021 | 83,560 | 83,559 | .03 |
GM Cruise Holdings LLC, Series F, preferred shares | 5/7/2020 | 95,000 | 137,165 | .05 |
Verily Life Sciences LLC | 12/21/2018 | 83,000 | 100,548 | .04 |
Waymo LLC, Series A-2, 8.00% noncumulative preferred shares | 5/1/2020 | 100,000 | 100,000 | .03 |
Epic Games, Inc. | 3/29/2021 | 74,560 | 74,560 | .03 |
Stripe, Inc., Class B | 5/6/2021 | 45,080 | 45,077 | .02 |
Stripe, Inc., Series H, 6.00% noncumulative preferred shares | 3/15/2021 | 15,105 | 15,105 | .01 |
Grail, Inc., Series D, convertible preferred shares | 4/17/2020 | 55,567 | 60,158 | .02 |
Acerta Pharma BV | 5/7/2015 | 15,750 | 38,411 | .01 |
JUUL Labs, Inc., Class A | 4/8/2019 | 120,000 | 18,373 | .01 |
PsiQuantum, Corp., Series D, preferred shares | 5/28/2021 | 16,100 | 16,100 | .01 |
Total private placement securities | $789,932 | $894,145 | .33% |
The Growth Fund of America — Page 12 of 15
unaudited
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
Fixed-income class | Examples of standard inputs |
All | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) |
Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
Mortgage-backed; asset-backed obligations | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information |
When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of the fund’s board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
The Growth Fund of America — Page 13 of 15
unaudited
Processes and structure — The fund’s board of trustees has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
The fund’s investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following table presents the fund’s valuation levels as of May 31, 2021 (dollars in thousands):
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $62,746,266 | $— | $119,637 | $62,865,903 |
Consumer discretionary | 54,091,267 | 88,798 | — | 54,180,065 |
Communication services | 49,611,634 | — | — | 49,611,634 |
Health care | 34,928,568 | — | 138,959 | 35,067,527 |
Industrials | 22,649,515 | — | — | 22,649,515 |
Financials | 16,370,457 | — | — | 16,370,457 |
Energy | 6,395,770 | — | — | 6,395,770 |
Materials | 6,054,889 | — | — | 6,054,889 |
Consumer staples | 5,528,551 | — | 18,373 | 5,546,924 |
Real estate | 1,790,872 | — | — | 1,790,872 |
Utilities | 955,896 | — | — | 955,896 |
Preferred securities | 875,318 | — | 617,176 | 1,492,494 |
Rights & warrants | 4,531 | — | — | 4,531 |
Convertible bonds & notes | — | 23,036 | — | 23,036 |
Bonds, notes & other debt instruments | — | 21,340 | — | 21,340 |
Short-term securities | 8,731,857 | — | — | 8,731,857 |
Total | $270,735,391 | $133,174 | $894,145 | $271,762,710 |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
EUR = Euros |
GBP = British pounds |
The Growth Fund of America — Page 14 of 15
unaudited
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc., member FINRA.
© 2021 Capital Group. All rights reserved.
MFGEFP3-005-0721O-S85345 | The Growth Fund of America — Page 15 of 15 |