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pure false 0000005138 N-CSR AMERICAN GROWTH FUND INC 2026-07-31 Annual Shareholder Report American Growth Fund, Inc. Class A AMRAX Annual Shareholder Report This annual shareholder report contains important information about the American Growth Fund, Inc. - Series One for the period of August 1, 2025 to July 31, 2026. You can find additional information about the Fund at https://americangrowthfund.com/. You can also request this information by contacting us at 1-800-525-2406. 1-800-525-2406 WHAT WERE THE FUND'S COSTS FOR THE PAST YEAR 502 4.31 HOW DID THE FUND PERFORM FOR THE TWELVE MONTH PERIOD AND WHAT AFFECTED ITS PERFORMANCE? WHAT FACTORS INFLUENCED PERFORMANCE? TOTAL RETURN AVERAGE ANNUAL TOTAL RETURN 32.86 8.81 11.17 Class A with load* 25.14 7.54 10.51 S&P 500 Index 19.56 12.86 15.08 Dow Jones Industrial Average 20.91 10.57 13.40 Performance quoted for the period ended July 31, 2026 represents past performance and cannot be used to predict future results The graph and table do not reflect the reduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. KEY FUND STATISTICS (as of July 31, 2026)

11576199

107079 30

0.1897 0.0082 0.0945 0.0600 0.0594 0.0570 0.0531 0.0475 0.0455 0.0441 0.0399 0.0391 0.0383 0.0371 0.0326 0.0203 0.0186 0.0176 0.0158 0.0151 0.0139 0.0133 0.0117 0.0113 0.0084 American Growth Fund, Inc. Class B AMRBX Annual Shareholder Report This annual shareholder report contains important information about the American Growth Fund, Inc. - Series One for the period of August 1, 2025 to July 31, 2026. You can find additional information about the Fund at https://americangrowthfund.com/. You can also request this information by contacting us at 1-800-525-2406. 1-800-525-2406 WHAT WERE THE FUND'S COSTS FOR THE PAST YEAR 609 5.25 HOW DID THE FUND PERFORM FOR THE TWELVE MONTH PERIOD AND WHAT AFFECTED ITS PERFORMANCE? WHAT FACTORS INFLUENCED PERFORMANCE? TOTAL RETURN AVERAGE ANNUAL TOTAL RETURN 31.86 7.27 9.52 S&P 500 Index 19.56 12.86 15.08 Dow Jones Industrial Average 20.91 10.57 13.40 Performance quoted for the period ended July 31, 2026 represents past performance and cannot be used to predict future results The graph and table do not reflect the reduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. KEY FUND STATISTICS (as of July 31, 2026)

267620

2606 30

0.1897 0.0082 0.0945 0.0600 0.0594 0.0570 0.0531 0.0475 0.0455 0.0441 0.0399 0.0391 0.0383 0.0371 0.0326 0.0203 0.0186 0.0176 0.0158 0.0151 0.0139 0.0133 0.0117 0.0113 0.0084 American Growth Fund, Inc. Class C AMRCX Annual Shareholder Report This annual shareholder report contains important information about the American Growth Fund, Inc. - Series One for the period of August 1, 2025 to July 31, 2026. You can find additional information about the Fund at https://americangrowthfund.com/. You can also request this information by contacting us at 1-800-525-2406. 1-800-525-2406 WHAT WERE THE FUND'S COSTS FOR THE PAST PAST YEAR 585 5.05 HOW DID THE FUND PERFORM FOR THE TWELVE MONTH PERIOD AND WHAT AFFECTED ITS PERFORMANCE? WHAT FACTORS INFLUENCED PERFORMANCE? TOTAL RETURN AVERAGE ANNUAL TOTAL RETURN 31.64 7.86 10.55 S&P 500 Index 19.56 12.86 15.08 Dow Jones Industrial Average 20.91 10.57 13.40 Performance quoted for the period ended July 31, 2026 represents past performance and cannot be used to predict future results The graph and table do not reflect the reduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. KEY FUND STATISTICS (as of July 31, 2026)

1853620

16332 30

0.1897 0.0082 0.0945 0.0600 0.0594 0.0570 0.0531 0.0475 0.0455 0.0441 0.0399 0.0391 0.0383 0.0371 0.0326 0.0203 0.0186 0.0176 0.0158 0.0151 0.0139 0.0133 0.0117 0.0113 0.0084 American Growth Fund, Inc. Class D AMRGX Annual Shareholder Report This annual shareholder report contains important information about the American Growth Fund, Inc. - Series One for the period of August 1, 2025 to July 31, 2026. You can find additional information about the Fund at https://americangrowthfund.com/. You can also request this information by contacting us at 1-800-525-2406. 1-800-525-2406 WHAT WERE THE FUND'S COSTS FOR THE PAST YEAR 452 3.87 HOW DID THE FUND PERFORM FOR THE TWELVE MONTH PERIOD AND WHAT AFFECTED ITS PERFORMANCE? WHAT FACTORS INFLUENCED PERFORMANCE? TOTAL RETURN AVERAGE ANNUAL TOTAL RETURN 33.63 9.32 11.61 Class D with load* 25.80 8.04 10.96 S&P 500 Index 19.56 12.86 15.08 Dow Jones Industrial Average 20.91 10.57 13.40 Performance quoted for the period ended July 31, 2026 represents past performance and cannot be used to predict future results The graph and table do not reflect the reduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. KEY FUND STATISTICS (as of July 31, 2026)

8591540

80422 30

0.1897 0.0082 0.0945 0.0600 0.0594 0.0570 0.0531 0.0475 0.0455 0.0441 0.0399 0.0391 0.0383 0.0371 0.0326 0.0203 0.0186 0.0176 0.0158 0.0151 0.0139 0.0133 0.0117 0.0113 0.0084