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American Funds Growth and Income Portfolio Class A (GAIOX)

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15.68-0.24 (-1.51%)
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American Funds Growth and Income Portfolio Class A

American Funds Portfolio Series

333 South Hope Street

Los Angeles, CA 90071

Management Information
Michelle J. Black,Lead Manager since December 31, 2019
Michelle J. Black is a solutions portfolio manager at Capital Group. Her focus is on fund-of-funds and multi-asset solutions. Michelle serves on the Target Date Solutions Committee and the Portfolio Solutions Committee. She has 25 years of investment industry experience and has been with Capital Group for 18 years. During her tenure at Capital, Michelle led the development of asset allocation design for private high-net-worth clients. She has been deeply involved in glide path development for our target date series, and also worked as an asset allocation investment specialist out of our London office, where she helped construct multi-asset solutions for global institutions. Prior to joining Capital, Michelle was manager of the Los Angeles office and an investment planning analyst at Sanford C. Bernstein & Co. She holds a bachelor’s degree in business administration from the University of Southern California. She also holds the Certified Investment Management Analyst® and Certified Private Wealth Advisor® designations, is a member of the Investments & Wealth Institute and serves on the CIMA commission. Michelle is based in Los Angeles.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryAllocation--70% to 85% Equity
Fund FamilyAmerican Funds
Net Assets10.41B
YTD Return-1.49%
Morningstar Rating★★★★★
Inception DateMay 17, 2012

Fund Operations

Last Dividend0.06
Last Cap Gain0.00
Holdings Turnover1.00%
Average for CategoryN/A

Fees & Expenses

ExpenseGAIOXCategory Average
Annual Report Expense Ratio (net)0.66%0.73%
Prospectus Net Expense Ratio0.66%N/A
Prospectus Gross Expense Ratio0.66%N/A
Max 12b1 Fee0.26%N/A
Max Front End Sales Load5.75%5.22%
Max Deferred Sales LoadN/A1.52%
3 Yr Expense Projection774N/A
5 Yr Expense Projection922N/A
10 Yr Expense Projection1,350N/A