This fund of funds seeks to help investors pursue longer
American Funds Growth PortfolioSM Fiscal Year-End Summary: 10/31/16 American Funds Portfolio SeriesSM Appreciation Fund
This fund of funds seeks to help investors pursue longer term goals through exposure to a diverse mix of stocks of companies with strong growth potential. Ticker symbols: A shares: GWPAX
C shares: GWPCX
F-1 shares: GWPFX
F-2 shares: GWPEX
Figures shown are past results for Class A shares and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. Unless otherwise indicated, results shown are at net asset value with all distributions reinvested. If the maximum 5.75% Class A sales charge had been deducted, results would have been lower. For current information and month-end results, visit americanfunds.com.
Created by American Funds
Fund Description
For Investors Who ...
A group of portfolio managers relied on their in-depth understanding of the fund’s objectives and a rigorous analysis of key statistics to create this portfolio fund.
With exposure to stocks from more than 1,100 companies (as of 10/31/16) and in 43 countries (as of 12/31/16), this fund of funds offers a broad spectrum of equity investments. • Includes exposure to companies with proven growth records, as well as those with overlooked, out-of-favor stocks • Combines exposure to small growth companies globally with larger growth companies based primarily in Europe and the Pacific Basin
• Tend to buy individual stocks and would benefit from further diversifying their equity allocations. • Need a broadly diversified investment that increases the equity allocations in their existing portfolios. • Would like a growth-oriented equity investment from a manager with a proven process and a strong long-term track record. • Want to invest a portion of their portfolio for longer term aspirational goals, such as buying a second home or leaving money to heirs or a charity.
30%
AMCAP Fund®
25%
EuroPacific Growth Fund®
15%
SMALLCAP World Fund®
30%
Fundamental Investors®
Underlying fund allocations are as of 9/30/16. Allocation percentages and underlying funds are subject to the Portfolio Oversight Committee’s discretion and will evolve over time. Underlying funds may be added or removed during the year.
American Funds Portfolio Oversight Committee Growth Portfolio is actively monitored by a Portfolio Oversight Committee — a group of senior investment professionals with varied backgrounds and approaches, and decades of industry experience. They will regularly review the Portfolio Series fund’s results and holdings to keep it aligned with its objectives.
Alan Berro 31 years
Jody Jonsson 28 years
Jim Lovelace 35 years
Wesley Phoa 23 years
John Smet 35 years
Andrew Suzman 23 years
Brad Vogt 29 years
Years of investment experience as of the prospectus dated 1/1/17
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Asset Mix
at 10/31/16
U.S. stocks Non-U.S. stocks U.S. bonds Non-U.S. bonds Cash & equivalents1
56.0% 36.4 0.1 0.1 7.4
Top Five Industry Holdings
Information technology Consumer discretionary Health care Industrials Financials
$25,000
Expense ratios2 Fund
0.75%
Industry average
1.27%
$16,731 12.3% average annual total return
at 9/30/16
Oil, gas & consumable fuels Semiconductors & semiconductor equipment Banks Internet software & services Internet & direct marketing retail
Top Five Sectors
Lifetime Results of a Hypothetical $10,000 Investment (5/18/12–10/31/16)
6.6% 6.4 4.8 3.8 3.8
at 9/30/16 18.9% 14.6 14.4 10.2 10.1
10,000 8,000
Fiscal years ended 10/31
Fund (%)
123
13
14
15
16
10.2
28.5
10.5
3.5
3.4
5 years: —
Lifetime (since 5/18/12): 10.95%
Expense ratio: 0.76%
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. If used after 3/31/17, this sheet must be accompanied by a current American Funds quarterly statistical update. Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund-of-funds expenses. The fund’s risks are directly related to the risks of the underlying funds, as described below. Investing outside the United States involves risks such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries. Smallcompany stocks entail additional risks, and they can fluctuate in price more than larger company stocks. Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect expense reimbursements, without which results would have been lower. Please see americanfunds.com for more information. Expense ratios are as of the fund’s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. 1
Cash and equivalents includes short-term securities, accrued income and other assets less liabilities.
2
Source for industry average is Lipper Growth Funds Average, based on front-end load funds of funds, including the weighted average expenses of the underlying funds. The industry expense ratio is for the most recent fiscal year-ends available as of 9/30/16. The expense ratios do not reflect sales charges.
3
For the period 5/18/12 (the fund’s inception date) to 10/31/12
Litho in USA
1 year: 1.37%
Lit. No. MFGESSX-053-1216P
Average annual total returns for periods ended 12/31/16 after payment of the 5.75% maximum up-front sales charge for Class A shares:
CGD/ALD/10176-S57761 © 2017 American Funds Distributors, Inc.
Printed on recycled paper
The fund is actively managed, so holdings change.
This fund of funds seeks to help investors pursue longer term goals through exposure to a diverse mix of stocks of companies with strong growth potential. Ticker symbols: A shares: GWPAX
C shares: GWPCX
F-1 shares: GWPFX
F-2 shares: GWPEX
Figures shown are past results for Class A shares and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. Unless otherwise indicated, results shown are at net asset value with all distributions reinvested. If the maximum 5.75% Class A sales charge had been deducted, results would have been lower. For current information and month-end results, visit americanfunds.com.
Created by American Funds
Fund Description
For Investors Who ...
A group of portfolio managers relied on their in-depth understanding of the fund’s objectives and a rigorous analysis of key statistics to create this portfolio fund.
With exposure to stocks from more than 1,100 companies (as of 10/31/16) and in 43 countries (as of 12/31/16), this fund of funds offers a broad spectrum of equity investments. • Includes exposure to companies with proven growth records, as well as those with overlooked, out-of-favor stocks • Combines exposure to small growth companies globally with larger growth companies based primarily in Europe and the Pacific Basin
• Tend to buy individual stocks and would benefit from further diversifying their equity allocations. • Need a broadly diversified investment that increases the equity allocations in their existing portfolios. • Would like a growth-oriented equity investment from a manager with a proven process and a strong long-term track record. • Want to invest a portion of their portfolio for longer term aspirational goals, such as buying a second home or leaving money to heirs or a charity.
30%
AMCAP Fund®
25%
EuroPacific Growth Fund®
15%
SMALLCAP World Fund®
30%
Fundamental Investors®
Underlying fund allocations are as of 9/30/16. Allocation percentages and underlying funds are subject to the Portfolio Oversight Committee’s discretion and will evolve over time. Underlying funds may be added or removed during the year.
American Funds Portfolio Oversight Committee Growth Portfolio is actively monitored by a Portfolio Oversight Committee — a group of senior investment professionals with varied backgrounds and approaches, and decades of industry experience. They will regularly review the Portfolio Series fund’s results and holdings to keep it aligned with its objectives.
Alan Berro 31 years
Jody Jonsson 28 years
Jim Lovelace 35 years
Wesley Phoa 23 years
John Smet 35 years
Andrew Suzman 23 years
Brad Vogt 29 years
Years of investment experience as of the prospectus dated 1/1/17
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Asset Mix
at 10/31/16
U.S. stocks Non-U.S. stocks U.S. bonds Non-U.S. bonds Cash & equivalents1
56.0% 36.4 0.1 0.1 7.4
Top Five Industry Holdings
Information technology Consumer discretionary Health care Industrials Financials
$25,000
Expense ratios2 Fund
0.75%
Industry average
1.27%
$16,731 12.3% average annual total return
at 9/30/16
Oil, gas & consumable fuels Semiconductors & semiconductor equipment Banks Internet software & services Internet & direct marketing retail
Top Five Sectors
Lifetime Results of a Hypothetical $10,000 Investment (5/18/12–10/31/16)
6.6% 6.4 4.8 3.8 3.8
at 9/30/16 18.9% 14.6 14.4 10.2 10.1
10,000 8,000
Fiscal years ended 10/31
Fund (%)
123
13
14
15
16
10.2
28.5
10.5
3.5
3.4
5 years: —
Lifetime (since 5/18/12): 10.95%
Expense ratio: 0.76%
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. If used after 3/31/17, this sheet must be accompanied by a current American Funds quarterly statistical update. Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund-of-funds expenses. The fund’s risks are directly related to the risks of the underlying funds, as described below. Investing outside the United States involves risks such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries. Smallcompany stocks entail additional risks, and they can fluctuate in price more than larger company stocks. Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect expense reimbursements, without which results would have been lower. Please see americanfunds.com for more information. Expense ratios are as of the fund’s prospectus available at the time of publication and include the weighted average expenses of the underlying funds. 1
Cash and equivalents includes short-term securities, accrued income and other assets less liabilities.
2
Source for industry average is Lipper Growth Funds Average, based on front-end load funds of funds, including the weighted average expenses of the underlying funds. The industry expense ratio is for the most recent fiscal year-ends available as of 9/30/16. The expense ratios do not reflect sales charges.
3
For the period 5/18/12 (the fund’s inception date) to 10/31/12
Litho in USA
1 year: 1.37%
Lit. No. MFGESSX-053-1216P
Average annual total returns for periods ended 12/31/16 after payment of the 5.75% maximum up-front sales charge for Class A shares:
CGD/ALD/10176-S57761 © 2017 American Funds Distributors, Inc.
Printed on recycled paper
The fund is actively managed, so holdings change.
