Summary

Internal Prompt
A flexible approach to developing markets. Seeks broad exposure to emerging markets opportunities, principally by investing in emerging markets companies as well as multinational companies with material emerging markets exposure.
Price at NAV $78.48 as of 2/03/2025 (updated daily)
Fund Assets (millions) $61,875.6
Portfolio Managers
1
12
Expense Ratio
(Gross/Net %)
2
0.98 / 0.98%
Internal Prompt

Returns at NAV

Returns at MOP

Read important investment disclosures
0.34%
1-year return
3.41%
5-year return
5.52%
10-year return
1.12%
30-Day SEC Yield
Returns as of 12/31/24 (updated monthly). Yield as of 12/31/24 (updated monthly).

Asset Mix

U.S. Equities22.3%
Non-U.S. Equities71.9%
U.S. Bonds0.0%
Non-U.S. Bonds3.5%
Cash & Equivalents
3,4
2.2%
As of 12/31/2024 (updated monthly)
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Volatility & Return

Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation
5
and 10-year annualized return of the equity funds
NEWFX
MSCI All Country World Index (ACWI)
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 12/31/2024 (updated monthly) . Annualized return as of 12/31/2024 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

89.5%
Large
9.2%
Medium
1.3%
Small
$368,073.00 Million
Weighted Average
6


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

Morningstar Ownership ZoneTM
7

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 12/31/24 (updated quarterly)

Description

Objective
The fund's investment objective is long-term capital appreciation.
Distinguishing Characteristics
This fund seeks broad exposure to emerging markets opportunities, principally by investing in emerging markets companies as well as multinational companies with material emerging markets exposure. It also includes a relatively small opportunistic sleeve of emerging markets fixed income with attractive total return potential. Over the long term, this fund may have the potential to help provide emerging markets-like returns with developed markets-like volatility.
Types of Investments
The fund invests in common stocks and other equity-type securities, corporate and government bonds, and cash and cash equivalents.
Holdings Outside the U.S.
The fund will invest at least 35% of assets in securities of issuers based primarily in qualified developing countries.
Portfolio Restrictions
The fund may invest in debt securities, which may be rated below investment grade (BB/Ba and below, or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Fund Inception 6/17/1999
Fund Assets (millions)
As of 12/31/2024
$61,875.6
Companies/Issuers
Holdings are as of 12/31/2024 (updated monthly).
421+
Shareholder Accounts
Shareholder accounts are as of 12/31/2024
864,560
Regular Dividends Paid
8
Dec
Minimum Initial Investment $250
Capital Gains Paid
8
Dec
Portfolio Turnover (2024) 37%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 649280 10 4
Fund Number 36

Returns

Internal Prompt

Month-End Returns as of 12/31/24

Quarter-End Returns as of 12/31/24

Growth of 10K
10

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.
NEWFX
MSCI All Country World Index (ACWI)

High & Low Prices

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Yield

12-month
Distribution Rates
11
30-day SEC Yield
Fund at NAV 0.82% N/A
Fund at MOP 0.78% 1.12%
As of 12/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.80 9.54 16.32
MSCI All Country World Index (ACWI)
2.90 12.50 18.10
Fund as of 12/31/24. Index as of 12/31/24.

Portfolio Management
1

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Bradford F. Freer 8 31 34
Matt Hochstetler 7 11 20
Dawid Justus 5 20 26
Carl M. Kawaja 23 33 37
Winnie Kwan 15 25 30
Robert W. Lovelace 25 39
Piyada Phanaphat 5 17 21
Akira Shiraishi 6 21 27
Kirstie Spence 5 29
Tomonori Tani 11 20 26
Lisa Thompson 5 30 37
Christopher Thomsen 15 27 31
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
12


Overall Morningstar RatingTM
Funds rated(707)
3-yr. Morningstar RatingTM
(707 funds rated)
5-yr. Morningstar RatingTM
(632 funds rated)
10-yr. Morningstar RatingTM
(430 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category Diversified Emerging Mkts
Ratings are based on risk-adjusted returns as of 12/31/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard
13

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(687)

(687)

(612)

(413)
Expense Within Category
Funds Rated

(149)

(149)

(135)

(112)
Preservation Within Category
Funds Rated

(12261)

(12261)

(11246)

(8291)
Tax Efficiency Within Category
Funds Rated

(688)

(688)

(612)

(414)
Total Return Within Category
Funds Rated

(688)

(688)

(612)

(414)
Category Emerging Markets Funds
KEY
HIGHEST LOWEST
As of 12/31/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
5
14.91
Sharpe Ratio
5
0.35
For the 10 Years ending 12/31/24 (updated monthly).
American Funds
Benchmark
14
Morningstar
Benchmark
5
MSCI All Country World Index (ACWI)
MSCI ACWI Ex USA NR USD
R-squared 87 92
Beta 0.94 0.95
Capture Ratio (Downside/Upside) 96/86 92/99
American Funds Benchmark for the 10 Years ending 12/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 12/31/24 (updated monthly).

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 18.1%
Financials 17.2%
Consumer discretionary 11.9%
Industrials 10.7%
Communication services 10.0%
Health care 8.6%
Consumer staples 6.7%
Materials 5.4%
Energy 2.6%
Real estate 1.7%
Utilities 1.4%

% of net assets as of 12/31/2024 (updated monthly)

Top Equities

TSMC
6.0%
Tencent
2.6%
Microsoft
2.6%
MercadoLibre
1.8%
Broadcom
1.8%
Meta Platforms
1.6%
Alphabet
1.5%
NVIDIA
1.5%
Novo Nordisk
1.4%
Max Healthcare Institute
1.3%

% of net assets as of 12/31/2024 (updated monthly)

Geographic Breakdown

United States
22.4%
Europe
16.9%
Asia & Pacific Basin
46.0%
Other (Including Canada & Latin America)
12.5%
Cash & equivalents
4
2.2%
% of net assets as of 12/31/2024 (updated monthly)

The New Geography of Investing ®
15

Regions Fund
MSCI All Country World Index (ACWI)
United States 23.7% 66.6%
Canada 1.4% 2.7%
Europe 16.0% 13.6%
Japan 2.3% 4.8%
Asia-Pacific ex. Japan 3.1% 2.3%
Emerging Markets 53.5% 9.9%

% of net assets as of 12/31/2024 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Index (ACWI)
United States 22.2% 66.6%
Canada 1.4% 2.7%
Europe 15.0% 13.6%
Japan 2.2% 4.8%
Asia-Pacific ex. Japan 2.9% 2.3%
Emerging Markets 50.2% 9.9%
Cash & Equivalents
4
2.7% 0.0%
Fixed Income 3.5% 0.0%

% of net assets as of 12/31/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/27/25

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/19/24 12/19/24 12/20/24 $0.6526 $0.00 $2.1679 $0.00 $77.41
2024 Year-to-Date: Dividends Subtotal: $0.6526 Cap Gains Subtotal: $2.1679
Total Distributions: $2.8205

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.51%
Other Expenses 0.23%
Service 12b-1 0.24%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
2

NEWFX 0.98%
Lipper Emerging Markets Funds Average
16
1.36%
Fund as of most recent prospectus. Lipper Category as of 12/31/24 (updated quarterly).