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Summary

Focused on developed international. Invests with an eye toward developed non-U.S. exposure with historically lower volatility.
Strategy Assets (millions) 1 $18,380.8
Portfolio Managers 7

Returns (Gross/Net)%

2, 3, 4, 5, 6
6.95 / 3.80
1-year
8.49 / 5.29
5-year
6.97 / 3.82
10-year
2.13 / -0.70
Dividend Yield
(Gross/Net %) 7
Returns and Yield as of 2/28/2025 (updated monthly).

Asset Mix

8
U.S. Equities
0.0%
Non-U.S. Equities
95.9%
U.S. Bonds
0.0%
Non-U.S. Bonds
0.0%
Cash & Equivalents 9, 10
4.1%
As of 2/28/2025 (updated monthly)

Capitalization Distribution

11
-- Mil
Weighted Average
Mega 62.4% Large 32.5% Medium 0.2% Small -- Micro --
As of 2/28/2025 (updated monthly).

Description

Objective
The strategy seeks to provide prudent growth of capital and conservation of principal.
Distinguishing Characteristics
Invests primarily in equity and equity-related securities of non-U.S. issuers. The portfolio may also invest in securities of non-U.S. issuers that trade in the U.S. The portfolio may invest up to 10% at the time of purchase in securities of emerging market issuers.
Types of Investments
U.S. common stock, American Depositary Receipts and cash.
Holdings Outside the U.S.
Holdings are primarily outside the U.S. except a nominal portion that may be held in U.S. dollars.

Strategy Facts

Composite Inception 6 12/31/1986
Strategy Assets (millions) 1 $18,380.8
As of 12/31/2024 (updated monthly).
Companies/Issuers 79+
Holdings are as of 2/28/2025 (updated monthly).
Portfolio Turnover 12 16.75%

Returns 2, 3, 4, 5, 6, 13, 14

Month-End Returns as of 2/28/2025

Gross Returns
Net Returns
MSCI EAFE (Europe, Australasia, Far East) Index

Quarter-End Returns as of 12/31/2024

Portfolio Management 15, 16

LEARN ABOUT THE CAPITAL SYSTEMSM
Years of Experience with Capital Group
Years of Experience with Investment Industry
Portfolio Managers
Eu-Gene Cheah 27 27
Gerald Du Manoir 34 34
Samir Parekh 24 18
Philip Winston 42 28
Portfolio Strategy Manager*
Richard Carlyle 42 18
Olufunmilayo (Funmi) Nubi 19 2
Michael Wadeson 22 22
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.
*While not responsible for managing the portfolio, Portfolio Strategy Managers optimize the portfolio in seeking to replicate the strategy's risk and return profile in the SMA.

Risk & Volatility

Risk Measures 17

For the 10 Years ending 2/28/2025 R-squared, Beta and Capture Ratio calculated using the MSCI EAFE (Europe, Australasia, Far East) Index.

Strategy
Standard Deviation
14.22
Sharpe Ratio (Gross/Net)
0.36/0.14
R-squared
92
Beta
0.90
Downside Capture Ratio (Gross/Net)
85/92
Upside Capture Ratio (Gross/Net)
95/88

Holdings 8

Equities Breakdown

Sectors | Top Industries
Equity Strategy Holdings
  • Industrials
    25.4%
  • Information technology
    16.7%
  • Financials
    12.0%
  • Health care
    11.5%
  • Consumer discretionary
    9.9%
  • Consumer staples
    7.3%
  • Materials
    4.8%
  • Energy
    3.1%
  • Utilities
    2.7%
  • Communication services
    2.5%
% of net assets as of 12/31/2024 (updated quarterly).
Largest Equity Holdings
  • SAP
    4.1%
  • Safran
    3.6%
  • London Stock Exchange Group
    2.9%
  • Novo Nordisk
    2.8%
  • EssilorLuxottica
    2.5%
  • TotalEnergies
    2.4%
  • AstraZeneca
    2.3%
  • ABB
    2.3%
  • ASML
    2.2%
  • Amadeus IT Group SA
    2.2%
% of net assets as of 2/28/2025 (updated monthly).
QUARTERLY HOLDINGS

Geographic Diversification

Europe
66.3%
Asia & Pacific Basin
26.7%
Other (Including Canada & Latin America)
2.9%
Cash & equivalents 10
4.1%
% of net assets as of 12/31/2024 (updated quarterly).

The New Geography of Investing ®

18
Regions Strategy MSCI EAFE (Europe, Australasia, Far East) Index
Canada 3.0% 0.0%
Europe 69.1% 65.5%
Japan 18.9% 23.2%
Asia-Pacific ex. Japan 4.3% 11.2%
Emerging Markets 4.7% 0.0%
% of net assets as of 12/31/2024 (updated quarterly).
Strategy Breakdown by Domicile
Regions Strategy MSCI EAFE (Europe, Australasia, Far East) Index
Canada 2.9% 0.0%
Europe 66.3% 65.5%
Japan 18.1% 23.2%
Asia-Pacific ex. Japan 4.1% 11.2%
Emerging Markets 4.5% 0.0%
Cash & Equivalents 9, 10 4.1% 0.0%
% of net assets as of 12/31/2024 (updated quarterly).

Resources

Literature for Capital Group International Equity


Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely.

Composite net returns are calculated by deducting from the monthly ["pure"] gross returns a model fee equivalent to an annual 3% fee. Actual fees will vary. For information concerning program sponsor fees, contact your financial professional.

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

Data based on Capital Group International Equity SMA composite's representative portfolio, unless otherwise noted.

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.

There have been periods when the results lagged the index(es) and/or average(s). The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.

MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.

Portfolios are managed, so holdings will change. Holdings mentioned and their results are not representative of other holdings in the portfolio or the portfolio's results.

Totals may not reconcile due to rounding.

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

Results and results-based figures shown are preliminary and subject to change.

  1. Strategy assets data represent the sum of all related funds and SMA portfolios as of the parent fund fiscal year-end.
  2. "Pure" gross composite returns do not reflect the deduction of any trading costs, fees or expenses; results would have been lower if they were subject to fees and expenses. (Capital Group International Equity)
  3. Prior to 1989, results were calculated on an equal-weighted basis. (Capital Group International Equity)
  4. Past results are not predictive of results in future periods.
  5. Returns are in USD, are asset weighted, and reflect the reinvestment of dividends, interest and other earnings (net of withholding taxes).
  6. Each SMA composite consists of all unrestricted, discretionary SMA portfolios that are managed according to their investment strategies. Information for the composites is listed below.

    For certain SMA composites, the composite includes all SMA portfolios applicable to its strategy beginning on the composite's inception date.

    - Capital Group International Equity SMA Composite inception: 07/01/2012 (International Equity strategy)

    For certain strategies, results prior to the SMA composite's inception date are based on a different composite since no SMA portfolios were managed according to their investment strategies. Results presented for those are based on returns which contain non-SMA similar strategy portfolios and are described below.

    - International Equity strategy: Capital Group Private Client Services (CGPCS) International Equity Composite inception 01/01/1987 through 6/30/2012

    As of 1/1/2019, only unrestricted portfolios are included in composites. Prior to 1/1/2019, both restricted and unrestricted portfolios were included.
  7. Based on the representative account for the applicable composite. Refer to composite results disclosures for descriptions of fees used to calculate yield measures shown. Defaults by fixed income issuers would result in different, lower realized yields. Past results are not predictive of results in future periods.
  8. Specific individual account holdings may vary. As such, this information is presented for illustrative purposes only.
  9. Accrued income and the timing of its settlement, as well as classification of convertible bonds as debt or equity, can cause slight variations in the balances displayed in different portfolio composition breakdowns.
  10. May include investments in money market or similar funds managed by a third party or similar investments managed by the investment adviser or its affiliates that are not offered to the public.
  11. Capital believes the software and information from FactSet to be reliable. However, Capital cannot be responsible for inaccuracies, incomplete information or updating of the information furnished by FactSet. The information provided in this report is meant to give you an approximate account of the fund/manager's characteristics for the specified date. This information is not indicative of future Capital investment decisions and is not used as part of our investment decision-making process.
  12. Turnover updated quarterly.
  13. YTD (year-to-date return): For the period from January 1 of the current year to the date shown or from inception date if first offered after January 1 of the current year.
  14. When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
  15. Reflects current team at the time of publication. Years of experience in industry and Capital Group are as of the most recent year end.
  16. Philip Winston will be retiring from the firm effective 10/1/2025, and will transition out of the portfolio effective 9/1/2025. (Capital Group International Equity)
  17. Risk measures net of fees are calculated using the current highest management fee schedule (of any account in the composite) deducted from the gross results, which do not reflect the deduction of fees and expenses. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size.
  18. Figures include convertible securities. The equity breakdown by revenue reflects the portfolio's publicly traded equity holdings and excludes cash (and fixed income securities, if applicable). Underlying revenue data were compiled by MSCI and account for disparities in the way companies report their revenues across geographic segments. MSCI breaks out each company's reported revenues into country-by-country estimates. MSCI provides revenue data figures based on a proprietary, standardized model. Revenue exposure at the portfolio and index level was calculated by using FactSet, which takes these company revenue exposures and multiplies by the company's weighting in the portfolio and index. In this breakdown, Israel has been included in Europe.

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