Purchase Restrictions: Class 529-F-1 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
Dividend investing in the developing world. Balances long-term growth of capital and current income, with the potential to reduce the effects of volatility typically associated with emerging markets investing.
Price at NAV $11.11 as of 3/14/2025 (updated daily)
Fund Assets (millions) $1,772.3
Portfolio Managers
1,2
5
Expense Ratio
(Gross/Net %)
3
1.21 / 1.21%
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Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities2.5%
Non-U.S. Equities91.8%
U.S. Bonds0.0%
Non-U.S. Bonds1.6%
Cash & Equivalents
4,5
4.1%
As of 2/28/2025 (updated monthly)

Growth of 10K
6

High & Low Prices

Market Capitalization

88.8%
Large
10.1%
Medium
1.1%
Small
$163,169.00 Million
Weighted Average
7


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

Morningstar Ownership ZoneTM
8

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

Description

Fund Objective
The fund's investment objective is to provide long-term growth of capital while providing current income.
Distinguishing Characteristics
Invests primarily in developing world companies that have potential for growth and the capacity to pay dividends. By balancing long-term growth of capital and current income, the strategy seeks to reduce the effects of volatility typically associated with emerging markets investing.
Types of Investments
The fund will invest at least 80% of assets in securities that are: 1) issued by companies in developing countries; 2) principally traded in the securities markets of developing countries; 3) denominated in developing-country currencies; or 4) issued by companies deemed suitable for investment because they have significant economic exposure to developing countries.

Fund Facts

Fund Inception 2/03/2014
Fund Assets (millions)
As of 2/28/2025
$1,772.3
Companies/Issuers
Holdings are as of 2/28/2025 (updated monthly).
125+
Shareholder Accounts
Shareholder accounts are as of 2/28/2025
1
Regular Dividends Paid
9
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
9
Dec
Portfolio Turnover (2024) 51%
Fiscal Year-End Nov
Prospectus Date 02/01/2025
CUSIP 02630F 87 8
Fund Number 14100

Returns

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Month-End Returns as of 2/28/25

Quarter-End Returns as of 12/31/24

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Volatility & Return

Read important investment disclosures

Equities

For Class 529-F-1 Shares, this chart tracks the 10-year standard deviation
11
and 10-year annualized return of the equity funds
CDWFX
MSCI Emerging Markets Index
Other AF Funds
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

Prices and returns will vary, so investors may lose money. View .

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. Similar information is contained in the , which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by Capital Client Group, Inc., and sold through unaffiliated intermediaries.

Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica is a nationwide plan sponsored by Commonwealth Savers. 

The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.

The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds.

Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.

While not directly correlated to changes in interest rates, the values of inflation-linked bonds generally fluctuate in response to changes in real interest rates and may experience greater losses than other debt securities with similar durations.

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.

Investments in mortgage-related securities involve additional risks, such as prepayment risk.

Interests in Capital Group's U.S. Government Securities portfolios are not guaranteed by the U.S. government.

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
Internal Prompt

Yield

12-month
Distribution Rates
12
30-day SEC Yield
Fund at NAV 1.34% 1.83%
Fund at MOP N/A N/A
As of 2/28/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 1.91 6.86 12.16
MSCI Emerging Markets Index
1.70 7.00 12.30
Fund as of 12/31/24. Index as of 12/31/24.

Portfolio Management
1,2

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Arthur Caye 3 20 28
Noriko Honda Chen 11 26 35
Saurav Jain 6 17
Victor D. Kohn 6 39 41
Lisa Thompson 2 30 37
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
13


Overall Morningstar RatingTM
Funds rated(707)
3-yr. Morningstar RatingTM
(707 funds rated)
5-yr. Morningstar RatingTM
(632 funds rated)
10-yr. Morningstar RatingTM
(433 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category Diversified Emerging Mkts
Ratings are based on risk-adjusted returns as of 2/28/2025 (updated monthly).

Risk Measures

Fund
Standard Deviation
11
16.02
Sharpe Ratio
11
0.08
For the 10 Years ending 2/28/25 (updated monthly).
American Funds
Benchmark
14
Morningstar
Benchmark
11
MSCI Emerging Markets Index
MSCI ACWI Ex USA NR USD
R-squared 90 85
Beta 0.88 0.98
Capture Ratio (Downside/Upside) 90/85 103/91
American Funds Benchmark for the 10 Years ending 2/28/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 2/28/25 (updated monthly).
American Funds
Benchmark
MSCI Emerging Markets Index
Active Share
11
68.2%
As of 12/31/24 (updated quarterly)

Holdings

Equities Breakdown

Equity Fund Holdings
Financials 24.6%
Information technology 18.8%
Consumer discretionary 14.2%
Communication services 12.0%
Industrials 6.6%
Materials 4.6%
Consumer staples 4.5%
Health care 4.4%
Real estate 2.3%
Energy 2.0%
Utilities 0.3%

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

Top Equities

TSMC
9.9%
Tencent
3.1%
NetEase
2.7%
Hana Financial Group
2.4%
Meituan
2.3%
BYD Co Ltd
2.1%
PICC Property & Casualty
2.0%
SK hynix
1.8%
Cholamandalam Investment and Finance
1.7%
Hong Kong Exchanges and Clearing
1.7%

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

Geographic Breakdown

United States
2.5%
Europe
3.5%
Asia & Pacific Basin
71.1%
Other (Including Canada & Latin America)
18.9%
Cash & equivalents
5
4.1%
% of net assets as of 2/28/2025 (updated monthly)

The New Geography of Investing ®
15

Regions Fund
MSCI Emerging Markets Index
United States 2.6% 0.0%
Canada 1.6% 0.0%
Europe 2.5% 0.0%
Japan 0.5% 0.0%
Asia-Pacific ex. Japan 3.6% 0.0%
Emerging Markets 89.2% 100.0%

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

Fund Breakdown by Domicile

Regions Fund
MSCI Emerging Markets Index
United States 2.5% 0.0%
Canada 1.5% 0.0%
Europe 2.4% 0.0%
Japan 0.5% 0.0%
Asia-Pacific ex. Japan 3.4% 0.0%
Emerging Markets 84.1% 100.0%
Cash & Equivalents
5
4.1% --
Fixed Income 1.6% --

% of net assets as of 2/28/2025 (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
03/22/24 03/22/24 03/25/24 $0.0112 $0.00 $0.00 $0.00 $10.58
06/21/24 06/21/24 06/24/24 $0.0716 $0.00 $0.00 $0.00 $10.50
09/23/24 09/23/24 09/24/24 $0.0244 $0.00 $0.00 $0.00 $10.98
12/20/24 12/20/24 12/23/24 $0.0384 $0.00 $0.00 $0.00 $10.63
2024 Year-to-Date: Dividends Subtotal: $0.1456 Cap Gains Subtotal: $0.00
Total Distributions: $0.1456

Fees & Expenses

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Fees

Annual Management Fees 0.65%
Other Expenses 0.31%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
3

CDWFX 1.21%
Lipper Emerging Markets Funds Average
16
1.25%
Fund as of most recent prospectus. Lipper Category as of 12/31/24 (updated quarterly).