Investment Fund

Share Class
Purchase Restrictions: Class R-6 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
A pioneer in global small-cap investing. Seeks growth of capital by investing in some of the world’s fastest growing and most innovative companies, with market capitalizations of up to $6 billion at the time of purchase.
Price at NAV $72.88 as of 11/21/2024 (updated daily)
Fund Assets (millions) $74,574.6
Portfolio Managers
19
Expense Ratio
(Gross/Net %)
0.66 / 0.66%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities47.3%
Non-U.S. Equities49.3%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
3.3%
As of 10/31/2024 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class R-6 Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2023.
RLLGX
MSCI All Country World Small Cap Index
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High & Low Prices

Market Capitalization

12.2%
Large
43.6%
Medium
44.2%
Small
$7,004.00 Million
Weighted Average


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

Morningstar Ownership ZoneTM

Global Small/Mid Stock
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 to provide you with long-term growth of capital.
Distinguishing Characteristics
A pioneer in global small-cap investing, this strategy seeks growth of capital by investing in some of the fastest growing and most innovative companies in the world. It invests in companies with market capitalizations of up to $6 billion at the time of purchase. As one of our most research-intensive strategies, with a team of more than 100 portfolio managers and analysts based in both developed and developing markets, it takes full advantage of our global presence and insights.
Types of Investments
The fund invests primarily in common stocks, government and corporate debt, and cash and equivalents.
Holdings Outside the U.S.
There is no specific limit. Historically, the fund has invested a substantial portion of assets in the U.S. because of the number of small-cap opportunities.

Fund Facts

Fund Inception 4/30/1990
Fund Assets (millions)
As of 10/31/2024
 $74,574.6
Companies/Issuers
Holdings are as of 10/31/2024 (updated monthly).
 815+
Shareholder Accounts
Shareholder accounts are as of 10/31/2024
 10,384
Regular Dividends Paid
Dec
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2024) 32%
Fiscal Year-End Sep
Prospectus Date 12/01/2023
CUSIP 831681 81 2
Fund Number 2635

Returns

Internal Prompt

Month-End Returns as of 10/31/24

Returns at NAV
| With Sales Charge
Read important investment disclosures
RLLGX
MSCI All Country World Small Cap Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

Internal Prompt

Volatility & Return

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Equities

For Class R-6 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
RLLGX
MSCI All Country World Small Cap Index
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 0.93% 0.63%
Fund at MOP N/A N/A
As of 10/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.74 10.94 18.78
MSCI All Country World Small Cap Index
1.60 7.60 14.00
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
Julian N. Abdey 12 21 28
Peter Eliot 11 19 23
Brady L. Enright 19 27 35
Bradford F. Freer 16 30 33
Peter Gusev 3 16 27
Leo Hee 11 19 31
M. Taylor Hinshaw 6 22
Roz Hongsaranagon 10 21
Akira Horiguchi 5 23 29
Shlok Melwani 5 10 18
Dimitrije M. Mitrinovic 8 16 22
Aidan O'Connell 11 20 29
Samir Parekh 9 17 23
Piyada Phanaphat 3 16 22
Andraz Razen 14 19 25
Renaud H. Samyn 5 22 27
Arun Swaminathan 5 12
Thatcher Thompson 5 17 31
Gregory W. Wendt 16 36
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(140)
3-yr. Morningstar RatingTM
(140 funds rated)
5-yr. Morningstar RatingTM
(118 funds rated)
10-yr. Morningstar RatingTM
(78 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Global Small/Mid Stock
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
17.36
Sharpe Ratio
0.45
For the 10 Years ending 10/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI All Country World Small Cap Index
MSCI ACWI NR USD
R-squared
92 84
Beta
0.96 1.08
Capture Ratio (Downside/Upside)
96/100 104/100
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 Small Cap Index
Active Share
82.6%
As of 9/30/24 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Industrials 23.3%
Consumer discretionary 18.3%
Information technology 15.9%
Financials 13.7%
Health care 11.8%
Materials 3.3%
Consumer staples 3.2%
Communication services 2.5%
Energy 2.0%
Real estate 1.9%
Utilities 0.7%

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

Top Equities

CAVA Group
1.0%
TopBuild
1.0%
Comfort Systems USA
0.9%
Saia
0.9%
Molina Healthcare
0.8%
Diploma
0.8%
Ares Management
0.8%
eMemory
0.8%
Tube Investments of India
0.7%
Dollarama
0.7%

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

Geographic Breakdown

Regions | Top Countries
United States
47.3%
Europe
22.0%
Asia & Pacific Basin
20.8%
Other (Including Canada & Latin America)
6.6%
Cash & equivalents
3.3%
% 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 Small Cap Index
United States 49.0% 53.3%
Canada 3.7% 3.4%
Europe 22.1% 14.3%
Japan 6.5% 10.4%
Asia-Pacific ex. Japan 2.2% 4.2%
Emerging Markets 16.5% 14.5%

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

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Small Cap Index
United States 47.3% 53.3%
Canada 3.6% 3.4%
Europe 21.4% 14.3%
Japan 6.3% 10.4%
Asia-Pacific ex. Japan 2.2% 4.2%
Emerging Markets 15.9% 14.5%
Cash & Equivalents
3.3% 0.0%
Fixed Income 0.0% 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
12/19/23 12/19/23 12/20/23 $0.6647 $0.00 $0.00 $0.00 $68.06
2023 Year-to-Date: Dividends Subtotal: $0.6647 Cap Gains Subtotal: $0.00
Total Distributions: $0.6647

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.61%
Other Expenses 0.05%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RLLGX 0.66%
Lipper Global Small-/Mid-Cap Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).