Purchase Restrictions: Class R-2E shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
A dynamic approach to growth investing. Seeks growth by investing in companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.
Price at NAV $56.43 as of 3/14/2025 (updated daily)
Fund Assets (millions) $36,077.6
Portfolio Managers
8
Expense Ratio
(Gross/Net %)
1.21 / 1.21%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities74.7%
Non-U.S. Equities20.6%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
4.6%
As of 2/28/2025 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Market Capitalization

79.2%
Large
15.8%
Medium
5.0%
Small
$748,400.00 Million
Weighted Average


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

Morningstar Ownership ZoneTM

Global Large-Stock Growth
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 12/31/24 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Fund Objective
The investment objective of the fund is long-term growth of capital.
Distinguishing Characteristics
This strategy seeks growth by investing in companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. While a majority of assets are invested in U.S.-domiciled companies, the strategy has notable flexibility to pursue growth opportunities globally.
Types of Investments
Invests primarily in common and preferred stocks, securities convertible into common stocks, and cash and equivalents.
Holdings Outside the U.S.
May invest up to 50% of assets in securities of companies domiciled outside the U.S.

Fund Facts

Fund Inception 12/01/1983
Fund Assets (millions)
As of 2/28/2025
 $36,077.6
Companies/Issuers
Holdings are as of 2/28/2025 (updated monthly).
 199+
Shareholder Accounts
Shareholder accounts are as of 2/28/2025
 125
Regular Dividends Paid
Dec
Minimum Initial Investment --
Capital Gains Paid
Dec
Portfolio Turnover (2024) 36%
Fiscal Year-End Nov
Prospectus Date 02/01/2025
CUSIP 643822 79 4
Fund Number 4114

Returns

Internal Prompt

Month-End Returns as of 2/28/25

Returns at NAV
| With Sales Charge
Read important investment disclosures
RNNEX
MSCI All Country World Index (ACWI)
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/24

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class R-2E Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
RNNEX
MSCI All Country World Index (ACWI)
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.

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.

Smaller company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.

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
30-day SEC Yield
Fund at NAV 0.00% -0.41%
Fund at MOP N/A N/A
As of 2/28/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 5.22 10.16 23.27
MSCI All Country World Index (ACWI)
2.90 12.50 18.10
Fund as of 12/31/24. Index as of 12/31/24.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Paul Benjamin 2 19
Mathews Cherian 6 21 28
Tomoko Fortune 5 6 26
Caroline Jones 8 21 27
Harold H. La 19 26
Reed Lowenstein 6 26
Lara Pellini 4 23
Richmond Wolf 6 19
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(328)
3-yr. Morningstar RatingTM
(328 funds rated)
5-yr. Morningstar RatingTM
(280 funds rated)
10-yr. Morningstar RatingTM
(196 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Global Large-Stock Growth
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 2/28/2025 (updated monthly).

Risk Measures

Read important investment disclosures
Fund
Standard Deviation
15.93
Sharpe Ratio
0.58
For the 10 Years ending 2/28/25 (updated monthly).
American Funds/
Morningstar Benchmark
MSCI ACWI NR USD
R-squared
86
Beta
1.00
Capture Ratio (Downside/Upside)
97/103
American Funds and Morningstar Benchmark for the 10 Years ending 2/28/25 (updated monthly).
Active Share
65.4%
As of 12/31/24 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 33.2%
Health care 16.3%
Consumer discretionary 12.8%
Financials 11.4%
Industrials 10.0%
Communication services 8.5%
Consumer staples 1.4%
Energy 1.0%
Materials 0.6%
Real estate 0.1%
Utilities 0.1%

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

Top Equities

Broadcom
6.0%
Microsoft
4.8%
Amazon.com
4.8%
Meta Platforms
3.9%
TSMC
3.7%
Alphabet
2.6%
Eli Lilly
2.5%
NVIDIA
2.5%
MercadoLibre
2.4%
SK hynix
2.3%

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

Geographic Breakdown

Regions | Top Countries
United States
74.7%
Europe
9.1%
Asia & Pacific Basin
9.3%
Other (Including Canada & Latin America)
2.2%
Cash & equivalents
4.6%
% of net assets as of 2/28/2025 (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 78.4% 65.7%
Canada 1.2% 2.7%
Europe 9.6% 14.7%
Japan 1.6% 4.7%
Asia-Pacific ex. Japan 0.2% 2.3%
Emerging Markets 9.0% 9.8%

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

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Index (ACWI)
United States 74.7% 65.7%
Canada 1.1% 2.7%
Europe 9.2% 14.7%
Japan 1.5% 4.7%
Asia-Pacific ex. Japan 0.2% 2.3%
Emerging Markets 8.6% 9.8%
Cash & Equivalents
4.6% --

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

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/27/25

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/17/24 12/17/24 12/18/24 $0.00 $0.00 $5.8623 $0.00 $60.83
2024 Year-to-Date: Dividends Subtotal: $0.00 Cap Gains Subtotal: $5.8623
Total Distributions: $5.8623

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.37%
Other Expenses 0.24%
Service 12b-1 0.60%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RNNEX 1.21%
Lipper Global Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).