Investment Fund

Share Class
Purchase Restrictions: Class 529-F-2 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

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 $80.80 as of 11/22/2024 (updated daily)
Fund Assets (millions) $62,294.2
Portfolio Managers
12
Expense Ratio
(Gross/Net %)
0.71 / 0.71%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities21.6%
Non-U.S. Equities71.0%
U.S. Bonds0.0%
Non-U.S. Bonds3.4%
Cash & Equivalents
4.0%
As of 10/31/2024 (updated monthly)

Growth of 10K

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High & Low Prices

Market Capitalization

90.7%
Large
8.2%
Medium
1.1%
Small
$318,537.00 Million
Weighted Average


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

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
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

Fund 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 10/31/2024
 $62,294.2
Companies/Issuers
Holdings are as of 10/31/2024 (updated monthly).
 422+
Shareholder Accounts
Shareholder accounts are as of 10/31/2024
 16,656
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 32%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 649280 740
Fund Number 1636

Returns

Internal Prompt

Month-End Returns as of 10/31/24

Returns at NAV
| With Sales Charge
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FNFWX
MSCI All Country World Index (ACWI)
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

Internal Prompt

Volatility & Return

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Equities

For Class 529-F-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
FNFWX
MSCI All Country World Index (ACWI)
Other AF Funds
Standard Deviation as of 10/31/2024 (updated monthly) . Annualized return as of 10/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.41% 1.42%
Fund at MOP N/A N/A
As of 10/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.88 11.13 17.47
MSCI All Country World Index (ACWI)
2.80 12.30 17.80
Fund as of 9/30/24. Index as of 9/30/24.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Bradford F. Freer 7 30 33
Matt Hochstetler 7 10 19
Dawid Justus 4 19 25
Carl M. Kawaja 22 32 36
Winnie Kwan 15 24 29
Robert W. Lovelace 25 38
Piyada Phanaphat 4 16 22
Akira Shiraishi 6 20 26
Kirstie Spence 4 28
Tomonori Tani 10 19 25
Lisa Thompson 5 29 36
Christopher Thomsen 15 26 30
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(709)
3-yr. Morningstar RatingTM
(709 funds rated)
5-yr. Morningstar RatingTM
(637 funds rated)
10-yr. Morningstar RatingTM
(426 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Diversified Emerging Mkts
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 10/31/2024 (updated monthly).

Risk Measures

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Fund
Standard Deviation
14.98
Sharpe Ratio
0.35
For the 10 Years ending 10/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI All Country World Index (ACWI)
MSCI ACWI Ex USA NR USD
R-squared
88 92
Beta
0.95 0.95
Capture Ratio (Downside/Upside)
98/87 92/99
American Funds Benchmark for the 10 Years ending 10/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 10/31/24 (updated monthly).
American Funds
Benchmark
MSCI All Country World Index (ACWI)
Active Share
73.4%
As of 9/30/24 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Financials 17.2%
Information technology 15.0%
Consumer discretionary 12.3%
Industrials 10.8%
Health care 9.5%
Communication services 9.2%
Consumer staples 6.8%
Materials 6.0%
Energy 2.5%
Real estate 1.8%
Utilities 1.5%

% of net assets as of 10/31/2024 (updated monthly)

Top Equities

TSMC
4.0%
Tencent
2.4%
Microsoft
2.3%
MercadoLibre
2.0%
Novo Nordisk
1.8%
Meta Platforms
1.5%
Nu Holdings
1.5%
NVIDIA
1.5%
Alphabet
1.4%
Broadcom
1.3%

% of net assets as of 10/31/2024 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
21.6%
Europe
18.2%
Asia & Pacific Basin
42.9%
Other (Including Canada & Latin America)
13.2%
Cash & equivalents
4.0%
% of net assets as of 10/31/2024 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
MSCI All Country World Index (ACWI)
United States 23.3% 65.2%
Canada 1.5% 2.7%
Europe 17.9% 14.3%
Japan 2.4% 4.9%
Asia-Pacific ex. Japan 3.4% 2.5%
Emerging Markets 51.5% 10.4%

% of net assets as of 10/31/2024 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Index (ACWI)
United States 21.6% 65.2%
Canada 1.4% 2.7%
Europe 16.5% 14.3%
Japan 2.2% 4.9%
Asia-Pacific ex. Japan 3.2% 2.5%
Emerging Markets 47.7% 10.4%
Cash & Equivalents
4.0% 0.0%
Fixed Income 3.4% 0.0%

% of net assets as of 10/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2024

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/25/24

FIND HISTORICAL DISTRIBUTIONS
2023
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/14/23 12/14/23 12/15/23 $1.1683 $0.00 $0.9139 $0.00 $73.45
2023 Year-to-Date: Dividends Subtotal: $1.1683 Cap Gains Subtotal: $0.9139
Total Distributions: $2.0822

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.51%
Other Expenses 0.20%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

FNFWX 0.71%
Lipper Emerging Markets Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).