Global Growth Fund
Data updated: 2026-08-27
C000176234 — Global Growth Fund. Global (incl. US) Large Cap Growth Equity · $10.72B AUM · 0.65% expense ratio. Holdings, fees, performance and SEC filings.
C000176234 Fund Overview
Global Growth Fund is a US mutual fund managed by American Funds Insurance Series, categorised as Global (incl. US) Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Funds Insurance Series
- Category: Global (incl. US) Large Cap Growth Equity
- Assets under management: $10.72B
- 1-year return: 33.7%
- SEC CIK: 0000729528
- SEC series ID: S000008786
- Share class ID: C000176234
C000176234 Investment Objective and Strategy
Global Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Funds Insurance Series.
Investment objective
The funds investment objective is to provide long-term growth of capital.
Principal investment strategy
The fund invests primarily in common stocks of companies around the world that the investment adviser believes have the potential for growth. As a fund that seeks to invest globally, the fund will allocate its assets among securities of companies in various countries, including the United States and countries with emerging markets (but in no fewer than three countries). Under normal market conditions, the fund will invest a percentage of its net assets outside the United States. That percentage will represent at least (a) 40% of the funds net assets, unless market conditions are not deemed favorable by the funds investment adviser, in which case 30%, or (b) the percentage of the MSCI All Country World Index represented by companies outside the United States minus 5%, whichever is lower. The investment adviser uses a system of multiple portfolio managers in managing the funds assets.
Under this approach, the portfolio of the fund is divided into segments managed by individual managers. The fund relies on the professional judgment of its investment adviser to make decisions about the funds portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively valued companies that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
C000176234 Holdings
Top 10 holdings of Global Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co. Ltd. | 6.87% |
| Micron Technology, Inc. | 5.78% |
| Sk Hynix, Inc. | 5.58% |
| Broadcom, Inc. | 3.20% |
| Alphabet, Inc. | 3.10% |
| Western Digital Corp. | 3.02% |
| Asml Holding NV | 2.64% |
| Samsung Electronics Co. Ltd. | 2.31% |
| Capital Group Central Cash Fund | 2.05% |
| Microsoft Corp. | 1.36% |
C000176234 Portfolio Allocation
Asset-class allocation of Global Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.9% |
| Cash & Equivalents | 2.1% |
C000176234 Performance
Total returns for C000176234 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 22.2% |
| 1 year | 33.7% |
| 3 years (annualised) | 21.6% |
| 5 years (annualised) | 10.2% |
C000176234 Risk Information
Risk metrics for C000176234, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.3%
C000176234 Costs and Fees
C000176234 costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.76%
- Portfolio turnover: 45%
- Brokerage commissions: 2.79 bps of average net assets (SEC N-CEN)
C000176234 Cashflows
Over the 12 months to 2026-06, Global Growth Fund had net inflows of $680.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $1.17B |
| 2026-05 | −$56.29M |
| 2026-04 | −$38.36M |
| 2026-03 | −$63.12M |
| 2026-02 | −$67.14M |
| 2026-01 | −$79.19M |
C000176234 Debt Constituents
No individual debt constituents are reported in Global Growth Fund's latest SEC N-PORT filing.
C000176234 Prospectus and SEC Filings
Official Global Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus (485BPOS) — filed 2024-04-30
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-03-17
Related Funds
Other Global (incl. US) Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.