GROWTH FUND OF AMERICA®

GROWTH FUND OF AMERICA®

Investment objective

The fund’s investment objective is to provide you with growth of capital.

Fees and expenses of the fund

This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in American Funds. More information about these and other discounts is available from your financial professional and in the “Sales charge reductions and waivers” section on page 28 of the prospectus and on page 56 of the fund’s statement of additional information.

Shareholder fees (fees paid directly from your investment)

Shareholder Fees GROWTH FUND OF AMERICA®	Class A		Class B	Class C	Class F-1	Class F-2	Class 529-A		Class 529-B	Class 529-C	Class 529-E	Class 529-F-1	Class R-1	Class R-2	Class R-2E	Class R-3	Class R-4	Class R-5	Class R-6
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	5.75%		none	none	none	none	5.75%		none	none	none	none	none	none	none	none	none	none	none
Maximum deferred sales charge (load) (as a percentage of the amount redeemed)	1.00%	[1]	5.00%	1.00%	none	none	1.00%	[1]	5.00%	1.00%	none	none	none	none	none	none	none	none	none
Maximum sales charge (load) imposed on reinvested dividends	none		none	none	none	none	none		none	none	none	none	none	none	none	none	none	none	none
Redemption or exchange fees	none		none	none	none	none	none		none	none	none	none	none	none	none	none	none	none	none

Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses GROWTH FUND OF AMERICA®	Class A	Class B	Class C	Class F-1	Class F-2	Class 529-A	Class 529-B	Class 529-C	Class 529-E	Class 529-F-1	Class R-1	Class R-2		Class R-2E		Class R-3	Class R-4	Class R-5	Class R-6
Management fees	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%	0.28%		0.28%	[1]	0.28%	0.28%	0.28%	0.28%
Distribution and/or service (12b-1) fees	0.24%	1.00%	1.00%	0.25%	none	0.22%	0.99%	0.99%	0.50%	none	1.00%	0.74%		0.60%	[1]	0.50%	0.25%	none	none
Other expenses	0.18%	0.18%	0.22%	0.18%	0.16%	0.27%	0.29%	0.29%	0.24%	0.28%	0.16%	0.38%	[2]	0.27%	[1]	0.20%	0.15%	0.11%	0.06%
Total annual fund operating expenses	0.70%	1.46%	1.50%	0.71%	0.44%	0.77%	1.56%	1.56%	1.02%	0.56%	1.44%	1.40%		1.15%	[1]	0.98%	0.68%	0.39%	0.34%

Example

This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example GROWTH FUND OF AMERICA® (USD $)	1 year	3 years	5 years	10 years
Class A	642	786	942	1,395
Class B	649	862	997	1,540
Class C	253	474	818	1,791
Class F-1	73	227	395	883
Class F-2	45	141	246	555
Class 529-A	649	807	978	1,474
Class 529-B	659	893	1,050	1,644
Class 529-C	259	493	850	1,856
Class 529-E	104	325	563	1,248
Class 529-F-1	57	179	313	701
Class R-1	147	456	787	1,724
Class R-2	143	443	766	1,680
Class R-2E	117	365	633	1,398
Class R-3	100	312	542	1,201
Class R-4	69	218	379	847
Class R-5	40	125	219	493
Class R-6	35	109	191	431

For the share classes listed below, you would pay the following if you did not redeem your shares:

Expense Example No Redemption GROWTH FUND OF AMERICA® (USD $)	1 year	3 years	5 years	10 years
Class B	149	462	797	1,540
Class C	153	474	818	1,791
Class 529-B	159	493	850	1,644
Class 529-C	159	493	850	1,856

Portfolio turnover

The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s investment results. During the most recent fiscal year, the fund’s portfolio turnover rate was 27% of the average value of its portfolio.

Principal investment strategies

The fund invests primarily in common stocks and seeks to invest in companies that appear to offer superior opportunities for growth of capital. The fund may invest a portion of its assets in securities of issuers domiciled outside the United States.

The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers who decide how their respective segments will be invested.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s 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. The investment adviser believes that an important way to accomplish this is through fundamental analysis, which may include meeting with company executives and employees, suppliers, customers and competitors. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

Principal risks

This section describes the principal risks associated with the fund’s principal investment strategies. You may lose money by investing in the fund. The likelihood of loss may be greater if you invest for a shorter period of time. Investors in the fund should have a long-term perspective and be able to tolerate potentially sharp declines in value.

Market conditions — The prices of, and the income generated by, the common stocks and other securities held by the fund may decline due to market conditions and other factors, including those directly involving the issuers of securities held by the fund.

Investing in growth-oriented stocks — Growth-oriented stocks may involve larger price swings and greater potential for loss than other types of investments.

Investing outside the United States — Securities of issuers domiciled outside the United States, or with significant operations outside the United States, may lose value because of adverse political, social, economic or market developments in the countries or regions in which the issuers operate. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Securities markets in certain countries may be more volatile and/or less liquid than those in the United States. Investments outside the United States may also be subject to different settlement and accounting practices and different regulatory, legal and reporting standards, and may be more difficult to value, than those in the United States. The risks of investing outside the United States may be heightened in connection with investments in emerging markets.

Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses employed by the investment adviser in this process may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. You should consider how this fund fits into your overall investment program.

Investment results

The following bar chart shows how the fund’s investment results have varied from year to year, and the following table shows how the fund’s average annual total returns for various periods compare with a broad measure of market results. This information provides some indication of the risks of investing in the fund. Past investment results (before and after taxes) are not predictive of future investment results. Updated information on the fund’s investment results can be obtained by visiting americanfunds.com.

The following bar chart shows how the fund’s investment results have varied from year to year, and the following table shows how the fund’s average annual total returns for various periods compare with a broad measure of market results.

Calendar year total returns for Class A shares (Results do not include a sales charge; if a sales charge were included, results would be lower.)

Highest/Lowest quarterly results during this period were:

Highest 16.74% (quarter ended June 30, 2009)

Lowest -23.11% (quarter ended December 31, 2008)

The fund's total return for the six months ended June 30, 2014, was 5.93%.

Average annual total returns For the periods ended December 31, 2013 (with maximum sales charge):

Average Annual Returns GROWTH FUND OF AMERICA®	Label	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years	Average Annual Returns, Since Inception	Average Annual Returns, Inception Date
Class A	A Before taxes	26.08%	16.90%	7.67%	13.67%	Dec. 01, 1973
Class B	B Before taxes	27.81%	17.20%	7.66%	4.50%	Mar. 15, 2000
Class C	C Before taxes	31.75%	17.38%	7.46%	6.01%	Mar. 15, 2001
Class F-1	F-1 Before taxes	33.79%	18.32%	8.32%	6.68%	Mar. 15, 2001
Class F-2	F-2 Before taxes	34.16%	18.61%		9.07%	Aug. 01, 2008
Class 529-A	529-A Before taxes	26.02%	16.84%	7.62%	7.12%	Feb. 15, 2002
Class 529-B	529-B Before taxes	27.65%	17.08%	7.54%	7.04%	Feb. 15, 2002
Class 529-C	529-C Before taxes	31.69%	17.30%	7.38%	6.77%	Feb. 15, 2002
Class 529-E	529-E Before taxes	33.39%	17.91%	7.94%	7.23%	Mar. 01, 2002
Class 529-F-1	529-F-1 Before taxes	34.00%	18.48%	8.43%	10.21%	Sep. 16, 2002
Class R-1	R-1 Before taxes	32.80%	17.43%	7.48%	7.74%	Jun. 06, 2002
Class R-2	R-2 Before taxes	32.91%	17.47%	7.51%	7.29%	May 21, 2002
Class R-3	R-3 Before taxes	33.43%	17.96%	7.99%	7.76%	May 21, 2002
Class R-4	R-4 Before taxes	33.82%	18.32%	8.31%	8.14%	May 28, 2002
Class R-5	R-5 Before taxes	34.21%	18.66%	8.63%	8.28%	May 15, 2002
Class R-6	R-6 Before taxes	34.29%			18.69%	May 01, 2009
After Taxes on Distributions Class A	A After taxes on distributions	24.15%	16.43%	7.23%
After Taxes on Distributions and Sale of Fund Shares Class A	A After taxes on distributions and sale of fund shares	16.29%	13.71%	6.27%
S&P 500 Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)	S&P 500 Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)	32.37%	17.93%	7.40%	11.01%	Dec. 01, 1973

After-tax returns are shown only for Class A shares; after-tax returns for other share classes will vary. After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above. In addition, after-tax returns are not relevant if you hold your fund shares through a tax-favored arrangement, such as a 401(k) plan, individual retirement account (IRA) or 529 college savings plan.

[1] A contingent deferred sales charge of 1.00% applies on certain redemptions within one year following purchases of $1 million or more made without an initial sales charge.

[1] Based on estimated amounts for the current fiscal year.

[2] Estimated based on current fees.