ANCFX vs RGAGX: 57% overlap
American Funds Fundamental Investors A and American Funds Growth Fund of America R6 share 56.8% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 31 days apart — RGAGX as of 2026-02-28, the rest through 2026-03-31. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.4. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
ANCFX and RGAGX hold 140 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ANCFX | in RGAGX | Δ |
|---|---|---|---|
| AVGO | 5.9% | 4.3% | 1.7% |
| MSFT | 4.5% | 4.0% | 0.5% |
| NVDA | 3.6% | 6.1% | 2.5% |
| GOOG | 3.6% | 2.9% | 0.7% |
| 14020B | 2.8% | 3.5% | 0.6% |
| AMZN | 2.8% | 2.9% | 0.1% |
| META | 2.3% | 4.2% | 1.9% |
| 2330 | 2.2% | 2.3% | 0.1% |
| MU | 2.1% | 1.8% | 0.4% |
| GOOGL | 1.6% | 2.9% | 1.3% |
Where ANCFX and RGAGX differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | ANCFX | RGAGX | Δ |
|---|---|---|---|
| Consumer Staples | 9.4% | 2.4% | +7.0pp |
| Health Care | 6.2% | 11.0% | −4.8pp |
| Communication Services | 9.0% | 13.2% | −4.3pp |
| Consumer Discretionary | 8.9% | 12.7% | −3.8pp |
| Information Technology | 27.8% | 30.6% | −2.7pp |
| Industrials | 12.0% | 9.8% | +2.2pp |
| Unclassified | 9.3% | 7.6% | +1.7pp |
| Financials | 8.1% | 6.5% | +1.6pp |
Δ is ANCFX minus RGAGX, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
18.7% of ANCFX by weight, held in no part of RGAGX.
16.5% of RGAGX by weight, held in no part of ANCFX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| ANCFX | RGAGX | |
|---|---|---|
| Top 10 holdings | 34.1% | 36.7% |
| Positions held | 233 | 309 |
| Cost per $10,000 held, per year | $61 | $30 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do ANCFX and RGAGX overlap?
ANCFX and RGAGX overlap 56.8% by portfolio weight — substantial duplication if you hold both. They share 140 holdings. The figure comes from current issuer holdings files (ANCFX as of 2026-03-31, RGAGX as of 2026-02-28).
How is the overlap between ANCFX and RGAGX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If ANCFX holds a stock at 6% and RGAGX holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both ANCFX and RGAGX?
That depends on your goals — we state facts, not advice. At 56.8% overlap, each fund still contributes meaningfully distinct exposure.
What does ANCFX own that RGAGX doesn't?
ANCFX holds 233 positions and RGAGX holds 309; 92 of ANCFX's positions don't appear in RGAGX at all, and they are 18.7% of ANCFX by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, ANCFX as of 2026-03-31, RGAGX as of 2026-02-28. Weights are fractions of each fund. Diagnostics, not advice.