Purchase Restrictions: Shares of American Funds U.S. Small and Mid Cap Equity Fund ("fund") are not offered to the public. Investments in the fund may be made only by certain institutional investors, including investment companies and certain other investment vehicles and accounts managed by the fund's investment adviser and its affiliates.
Summary
Internal Prompt
A core U.S. small and midcap fund.
The fund takes a bottom-up fundamental approach to investing in U.S. companies that generally fall within the market cap range of the Russell 2500 or Russell Midcap Index.
Description
Objective
The fund’s investment objective is to seek capital appreciation.
Distinguishing Characteristics
The U.S. fund seeks capital appreciation by investing in long-term compounders including secular growers, discounted cyclicals and under-appreciated companies with a bias towards quality management and business models. The fund aims to be fully invested at all times and own solely U.S.-domiciled companies.
Types of Investments
Primarily invests in U.S. common stocks, as well as other equity-type securities and cash and equivalents.
For Class C Shares, this chart tracks the total returns since the fund's inception date (Friday, September 27, 2024) through December 31, 2023. Fund returns and, if available, index returns are for calendar years except for the inception year (2024), which may not be a full calendar year. In cases where the index was launched after the fund inception, the index returns are shown in calender years.
Internal Prompt
American Funds® U.S. Small and Mid Cap Equity Fund (SMDGX)