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 $78.67 as of 1/21/2025 (updated daily)
Fund Assets (millions) $61,875.6
Portfolio Managers
1
12
Expense Ratio
(Gross/Net %)
2
0.69 / 0.69%
Internal Prompt

Returns at NAV

Returns with Sales Charge

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)

Growth of 10K
5

High & Low Prices

Market Capitalization

90.7%
Large
8.2%
Medium
1.1%
Small
$368,073.00 Million
Weighted Average
6


As of 9/30/2024 (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

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 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
16,690
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 740
Fund Number 1636

Returns

Internal Prompt

Month-End Returns as of 12/31/24

Quarter-End Returns as of 12/31/24

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class 529-F-2 Shares, this chart tracks the 10-year standard deviation
10
and 10-year annualized return of the equity funds
FNFWX
MSCI All Country World Index (ACWI)
Other AF Funds

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. 

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

© 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.

Use of this website is intended for U.S. residents only.

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
Internal Prompt

Yield

12-month
Distribution Rates
11
30-day SEC Yield
Fund at NAV 1.13% 1.48%
Fund at MOP N/A N/A
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)
2.80 12.30 17.80
Fund as of 12/31/24. Index as of 9/30/24.

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).

Risk Measures

Fund
Standard Deviation
10
14.91
Sharpe Ratio
10
0.36
For the 10 Years ending 12/31/24 (updated monthly).
American Funds
Benchmark
13
Morningstar
Benchmark
10
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 91/99
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).
American Funds
Benchmark
MSCI All Country World Index (ACWI)
Active Share
10
73.4%
As of 9/30/24 (updated quarterly)

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 ®
14

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

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/21/25

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 $0.8926 $0.00 $2.1679 $0.00 $77.22
2024 Year-to-Date: Dividends Subtotal: $0.8926 Cap Gains Subtotal: $2.1679
Total Distributions: $3.0605

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.51%
Other Expenses 0.18%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
2

FNFWX 0.69%
Lipper Emerging Markets Funds Average
15
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).