Exactly. Though there is debate in the horticulture and hydroponics worlds as to whether plants benefit from intermediate wavelengths like orange and yellow, as well as non-visible wavelengths like infrared and UV.
And some grow lights do include some white LEDs simply to make them more convenient for humans, so we can see discoloration or bugs or what have you.
In my DIY grow light (for my calamondin tree and chili shrubs that I have to overwinter indoors at full temperature), I used one 60W grow light strip (4 red to 1 blue), and another 60W shitty warm white LED strip with a dimmer. So if I don’t want the room to be deep magenta, I just add in the white, producing a somewhat ghastly peach light. Normally I leave the white off.