Summary

Internal Prompt
A flexible approach to growth-and-income investing. With an emphasis on growth over income, the strategy seeks undervalued and overlooked opportunities, investing in companies with high-quality products and leading market shares with the underappreciated potential for growth in sales, earnings and dividends.
Price at NAV $77.91 as of 3/10/2025 (updated daily)
Fund Assets (millions) $142,232.8
Portfolio Managers
8
Expense Ratio
(Gross/Net %)
0.58 / 0.58%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Read important investment disclosures
10.43%
1-year return
13.65%
5-year return
11.17%
10-year return
0.84%
30-Day SEC Yield
Returns as of 2/28/25 (updated monthly). Yield as of 2/28/25 (updated monthly).

Asset Mix

U.S. Equities83.0%
Non-U.S. Equities14.8%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
2.2%
As of 1/31/2025 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
ANCFX
S&P 500 Index
Other AF Funds
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Prices and returns will vary, so investors may lose money. View .

Returns at net asset value (NAV) do not reflect a sales charge. If a sales charge had been deducted, the results would have been lower.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund , which can be obtained from a financial professional and should be read carefully before investing.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.

Smaller company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

  1. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

Capital Client Group, Inc.

Use of this website is intended for U.S. residents only.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

© 2025 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor Capital Group are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

Terms and Definitions

Standard Deviation: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility.

Standard Deviation as of 02/28/2025 (updated monthly) . Annualized return as of 02/28/2025 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

79.6%
Large
18.2%
Medium
2.3%
Small
$681,685.00 Million
Weighted Average


As of 12/31/2024 (updated quarterly). FactSet data as of 12/31/2024 (updated quarterly).

Morningstar Ownership ZoneTM

Large Blend
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 12/31/24 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Objective
The fund's investment objective is to achieve long-term growth of capital and income.
Distinguishing Characteristics
With an emphasis on growth over income, the strategy seeks undervalued and overlooked opportunities. It invests in companies with high-quality products and leading market shares with the underappreciated potential for growth in sales, earnings and dividends. It has the flexibility to invest a sizeable portion of its assets outside of the U.S.
Types of Investments
The fund primarily invests in common stocks or securities convertible into common stocks, bonds, U.S. government securities and cash.
Holdings Outside the U.S.
May invest up to 35% of its assets in securities of issuers that are domiciled outside the United States.
Portfolio Restrictions
The fund may invest up to 5% of assets in debt securities rated Ba and BB or below (or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Fund Inception 8/01/1978
Fund Assets (millions)
As of 2/28/2025
 $142,232.8
Companies/Issuers
Holdings are as of 2/28/2025 (updated monthly).
 214+
Shareholder Accounts
Shareholder accounts are as of 1/31/2025
 1,814,709
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2024) 28%
Fiscal Year-End Dec
Prospectus Date 03/01/2025
CUSIP 360802 10 2
Fund Number 10

Returns

Internal Prompt

Month-End Returns as of 2/28/25

Returns at NAV
| at MOP
Read important investment disclosures
ANCFX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/24

Growth of 10K

Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2024.
ANCFX
S&P 500 Index
VIEW LARGER CHART

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.04% N/A
Fund at MOP 0.98% 0.84%
As of 2/28/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.89 11.66 19.80
S&P 500 Index
4.30 15.70 21.80
Fund as of 12/31/24. Index as of 12/31/24.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Julian N. Abdey 7 22 29
Paul Benjamin 8 19
Mark L. Casey 14 24
Mathews Cherian 9 21 28
Brady L. Enright 19 28 36
Irfan M. Furniturewala 6 24
Dimitrije M. Mitrinovic 5 17 23
Diana Wagner 7 24 30
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(1275)
3-yr. Morningstar RatingTM
(1275 funds rated)
5-yr. Morningstar RatingTM
(1173 funds rated)
10-yr. Morningstar RatingTM
(884 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Large Blend
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 2/28/2025 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(616)
(616)
(566)
(428)
Expense Within Category
Funds Rated
(237)
(237)
(205)
(148)
Preservation Within Category
Funds Rated
(12253)
(12253)
(11220)
(8262)
Tax Efficiency Within Category
Funds Rated
(616)
(616)
(566)
(428)
Total Return Within Category
Funds Rated
(616)
(616)
(566)
(428)
Category Large-Cap Core Funds
KEY
HIGHEST LOWEST
As of 2/28/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
15.04
Sharpe Ratio
0.70
For the 10 Years ending 2/28/25 (updated monthly).
American Funds/
Morningstar Benchmark
S&P 500 TR USD
R-squared
96
Beta
0.97
Capture Ratio (Downside/Upside)
100/96
American Funds and Morningstar Benchmark for the 10 Years ending 2/28/25 (updated monthly).

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 24.9%
Industrials 13.5%
Financials 13.5%
Health care 10.6%
Consumer discretionary 9.7%
Consumer staples 8.1%
Communication services 7.6%
Energy 2.8%
Materials 2.6%
Utilities 2.4%
Real estate 1.7%

% of net assets as of 2/28/2025 (updated monthly)

Top Equities

Broadcom
7.2%
Microsoft
5.3%
Amazon.com
3.6%
Philip Morris International
3.3%
Alphabet
3.3%
Meta Platforms
3.2%
TransDigm Group
2.6%
TSMC
2.4%
NVIDIA
1.9%
UnitedHealth Group
1.7%

% of net assets as of 1/31/2025 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
82.5%
Europe
6.8%
Asia & Pacific Basin
3.7%
Other (Including Canada & Latin America)
4.5%
Cash & equivalents
2.6%
% of net assets as of 2/28/2025 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
S&P 500 Index
United States 84.7% 100.0%
Canada 3.9% 0.0%
Europe 6.9% 0.0%
Emerging Markets 4.4% 0.0%

% of net assets as of 2/28/2025 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
S&P 500 Index
United States 82.5% 100.0%
Canada 3.8% 0.0%
Europe 6.8% 0.0%
Emerging Markets 4.3% 0.0%
Cash & Equivalents
2.6% --

% of net assets as of 2/28/2025 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2025

Historical Prices Year-End

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Historical Distributions as of 01/27/25

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/13/24 03/13/24 03/14/24 $0.17 $0.00 $0.00 $0.00 $77.91
06/12/24 06/12/24 06/13/24 $0.17 $0.00 $0.498 $0.00 $80.73
09/18/24 09/18/24 09/19/24 $0.17 $0.00 $0.00 $0.00 $83.16
12/18/24 12/18/24 12/19/24 $0.17 $0.238 $5.7645 $0.00 $81.01
2024 Year-to-Date: Dividends Subtotal: $0.918 Cap Gains Subtotal: $6.2625
Total Distributions: $7.1805

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.24%
Other Expenses 0.10%
Service 12b-1 0.24%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

ANCFX 0.58%
Lipper Growth & Income Funds Average
1.06%
Fund as of most recent prospectus. Lipper Category as of 12/31/24 (updated quarterly).