Investment Fund

Share Class
Purchase Restrictions: Shares of American Funds U.S. Small and Mid Cap Equity Fund ("fund") are not offered to the public. Investments in the fund may be made only by certain institutional investors, including investment companies and certain other investment vehicles and accounts managed by the fund's investment adviser and its affiliates.

Summary

Internal Prompt
A core U.S. small and midcap fund. The fund takes a bottom-up fundamental approach to investing in U.S. companies that generally fall within the market cap range of the Russell 2500 or Russell Midcap Index.

Description

Fund Objective
The fund’s investment objective is to seek capital appreciation.
Distinguishing Characteristics
The U.S. fund seeks capital appreciation by investing in long-term compounders including secular growers, discounted cyclicals and under-appreciated companies with a bias towards quality management and business models. The fund aims to be fully invested at all times and own solely U.S.-domiciled companies.
Types of Investments
Primarily invests in U.S. common stocks, as well as other equity-type securities and cash and equivalents.

Fund Facts

Fund Inception 9/27/2024
Fund Assets (millions)
As of 1/31/2025
 $26.0
Companies/Issuers
Holdings are as of 1/31/2025 (updated monthly).
 136+
Shareholder Accounts
Shareholder accounts are as of 1/31/2025
 1
Capital Gains Paid
1
 --
Fiscal Year-End Aug
Prospectus Date 09/19/2024
CUSIP 02630J 201
Fund Number 33210
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money.
Returns at net asset value (NAV) do not reflect the contingent deferred sales charge (CDSC) (1%) on shares sold within the first year of purchase. If the CDSC had been deducted, the results would have been lower.
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 prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Nondiversified funds have the ability to invest a larger percentage of assets in the securities of a smaller number of issuers than a diversified fund. As a result, poor results by a single issuer could adversely affect fund results more than if the fund invested in a larger number of issuers. See the applicable prospectus for details.
Smaller company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.
There have been periods when the results lagged the index(es) and/or average(s). The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
FTSE/Russell indexes: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2025. FTSE Russell is a trading name of certain of the LSE Group companies. FTSE indexes are trademarks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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.
Portfolios are managed, so holdings will change. Certain fixed income and/or cash and equivalents holdings may be held through mutual funds managed by the investment adviser or its affiliates that are not offered to the public.
Totals may not reconcile due to rounding.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
Class C shares convert to Class A shares after 8 years. Prior to 6/30/2020, Class C shares converted to Class F-1 shares after 10 years.
  1. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  1. When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
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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.