Growth Fund of America: Defying the Rules

Employing a unique stock-picking approach, the nation's largest mutual fund delivers impressive performance.

You've got to hand it to the American Funds. No other fund company has ever come close to handling such a gargantuan asset base as that of Growth Fund of America (AGTHX), let alone with as much grace and ease.

The $182 billion beast towers over its nearest rival, EuroPacific Growth, another American fund, by about $70 billion. And, although we'd be hard pressed to recommend a fund that charges a 5.75% up-front sales charge, this wonder of the investing world has produced remarkably solid returns.

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Elizabeth Leary
Contributing Editor, Kiplinger's Personal Finance
Elizabeth Leary (née Ody) first joined Kiplinger in 2006 as a reporter, and has held various positions on staff and as a contributor in the years since. Her writing has also appeared in Barron's, BloombergBusinessweek, The Washington Post and other outlets.