Investment Fund

Share Class

Summary

Internal Prompt
Managed for conservative growth and income investing. Invests primarily in well-established companies with strong balance sheets and a history of consistently paying dividends, helping to provide downside resilience.
Price at NAV $55.13 as of 12/20/2024 (updated daily)
Fund Assets (millions) $106,605.2
Portfolio Managers
8
Expense Ratio
(Gross/Net %)
0.62 / 0.62%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Read important investment disclosures
20.78%
1-year return
10.16%
5-year return
9.33%
10-year return
1.52%
30-Day SEC Yield
Returns as of 11/30/24 (updated monthly). Yield as of 11/30/24 (updated monthly).

Asset Mix

U.S. Equities89.2%
Non-U.S. Equities6.6%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
4.2%
As of 11/30/2024 (updated monthly)
Internal Prompt

Volatility & Return

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Equities

For Class 529-A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CMLAX
S&P 500 Index
Other AF Funds
Standard Deviation as of 11/30/2024 (updated monthly) . Annualized return as of 11/30/2024 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

82.7%
Large
16.3%
Medium
0.9%
Small
$557,293.00 Million
Weighted Average


As of 9/30/2024 (updated quarterly). FactSet data as of 9/30/2024 (updated quarterly).

Morningstar Ownership ZoneTM

Large Value
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 9/30/24 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Objective
The fund strives for the balanced accomplishment of three objectives: current income, growth of capital and conservation of principal.
Distinguishing Characteristics
Conservatively managed to reduce volatility and risk, this fund has the potential to provide downside resilience during market declines. It invests primarily in well-established companies with strong balance sheets.
Types of Investments
The fund invests primarily in common stocks, securities convertible into common stocks.
Holdings Outside the U.S.
May invest up to 20% of its assets in securities of issuers domiciled outside the United States and not included in the S&P 500 Composite Index. May invest up to 5% of its assets in securities of issuers domiciled outside the United States and Canada and not included in the S&P 500 Composite Index.

Fund Facts

Fund Inception 2/21/1950
Fund Assets (millions)
As of 11/30/2024
 $106,605.2
Companies/Issuers
Holdings are as of 11/30/2024 (updated monthly).
 173+
Shareholder Accounts
Shareholder accounts are as of 11/30/2024
 105,271
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 31%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 027681 50 1
Fund Number 1003

Returns

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Month-End Returns as of 11/30/24

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

Quarter-End Returns as of 9/30/24

Growth of 10K

Read important investment disclosures

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.76% N/A
Fund at MOP 1.70% 1.52%
As of 11/30/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.62 15.01 19.10
S&P 500 Index
4.30 15.60 21.60
Fund as of 9/30/24. Index as of 9/30/24.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Grant L. Cambridge 5 27
Charles E. Ellwein 7 18 32
Cheryl E. Frank 10 22 26
Martin Jacobs 3 23 36
James B. Lovelace 18 42
William L. Robbins 16 29 32
James Terrile 18 27
Brant W. Thompson 5 16 28
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(1093)
3-yr. Morningstar RatingTM
(1093 funds rated)
5-yr. Morningstar RatingTM
(1029 funds rated)
10-yr. Morningstar RatingTM
(807 funds rated)
Overall Morningstar Risk Low
HIGH
LOW
Category
Large Value
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 11/30/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(291)
(291)
(275)
(239)
Expense Within Category
Funds Rated
(79)
(79)
(79)
(76)
Preservation Within Category
Funds Rated
(12235)
(12235)
(11216)
(8227)
Tax Efficiency Within Category
Funds Rated
(291)
(291)
(275)
(239)
Total Return Within Category
Funds Rated
(291)
(291)
(275)
(239)
Category Large-Cap Value Funds
KEY
HIGHEST LOWEST
As of 11/30/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
12.12
Sharpe Ratio
0.68
For the 10 Years ending 11/30/24 (updated monthly).
American Funds/
Morningstar Benchmark
S&P 500 TR USD
R-squared
89
Beta
0.75
Capture Ratio (Downside/Upside)
79/76
American Funds and Morningstar Benchmark for the 10 Years ending 11/30/24 (updated monthly).

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 18.2%
Financials 16.7%
Industrials 15.3%
Health care 15.2%
Utilities 6.4%
Consumer staples 6.2%
Energy 4.3%
Consumer discretionary 4.1%
Materials 3.7%
Communication services 3.2%
Real estate 2.5%

% of net assets as of 11/30/2024 (updated monthly)

Top Equities

Microsoft
5.7%
Apple
4.2%
Rtx Corp
3.5%
AbbVie
3.1%
UnitedHealth Group
2.6%
General Electric aka GE Aerospace
2.6%
JPMorgan Chase
2.2%
Broadcom
1.9%
Meta Platforms
1.7%
Accenture
1.7%

% of net assets as of 11/30/2024 (updated monthly)

Geographic Breakdown

Regions
United States
89.2%
Europe
2.6%
Asia & Pacific Basin
0.8%
Other (Including Canada & Latin America)
3.2%
Cash & equivalents
4.2%
% of net assets as of 11/30/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2024

Historical Prices Year-End

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Historical Distributions as of 12/20/24

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 $0.2109 $0.00 $0.00 $0.00 $53.38
06/12/24 06/12/24 06/13/24 $0.2158 $0.00 $0.00 $0.00 $54.04
09/18/24 09/18/24 09/19/24 $0.2154 $0.00 $0.00 $0.00 $58.06
12/17/24 12/17/24 12/18/24 $0.2151 $0.085 $2.502 $0.00 $56.04
2024 Year-to-Date: Dividends Subtotal: $0.9422 Cap Gains Subtotal: $2.502
Total Distributions: $3.4442

Fees & Expenses

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Fees

Annual Management Fees 0.23%
Other Expenses 0.16%
Service 12b-1 0.23%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CMLAX 0.62%
Lipper Growth & Income Funds Average
1.07%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).