Global Growth Fund
AMERICAN FUNDS INSURANCE SERIES
Expense ratio
Net assets1
$8.65B
Holdings1
170
Category
International Equity
Return

Investment objective & strategy

As of April 30, 2025 · prospectus

Objective. The funds investment objective is to provide long-term growth of capital.

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 … 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 Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
TSMC $551.59M 6.38%
SK HYNIX INC $290.25M 3.35%
MICRON TECHNOLOGY INC $280.59M 3.24%
BROADCOM INC $269.69M 3.12%
CAPITAL GROUP CENTRAL CASH FUND CMQXX $174.22M 2.01%
MICROSOFT CORP $172.63M 2.00%
ALPHABET INC CL A $163.68M 1.89%
NVIDIA CORP $138.38M 1.60%
CITIGROUP INC $122.25M 1.41%
ASML Holding NV $120.49M 1.39%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
19
Exited
17
Increased
33
Decreased
35
Unchanged
83

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Capital Group Global Growth Equity ETF · CGGO 70% 0.47%
New Perspective Fund · ANWPX, RNPAX, RNPBX, RNPCX, RNPEX, RNPFX, NPFCX, NPFFX, CNPAX, CNPCX, CNPEX, CNPFX, ANWFX, RNPGX, RPEBX, RNPHX, FNPFX, TPNFX, TNPFX, FFPNX, FNFPX 46% 0.40%
New Economy Fund · ANEFX, RNGAX, RNGBX, RNGCX, RNGEX, RNGFX, ANFCX, ANFFX, CNGAX, CNGCX, CNGEX, CNGFX, NEFFX, RNGGX, RNNEX, RNGHX, FNEFX, TENEX, TNEEX, FNEEX, FNNEX 44% 0.40%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
Capital Research and Management Company Adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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