A diversified approach to international growth

A flexible investment approach
Research focus: Metals and mining

Capital Group EUPAC Strategy

INCEPTION DATE
April 16, 1984

IMPLEMENTATION
Consider as a core international allocation

OBJECTIVE
Seeks to provide long-term growth of capital 

VEHICLES

EUPAC FundTM

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Capital Group International Growth SMA

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SEEKING OPPORTUNITIES ABROAD

A flexible investment approach

For more than 40 years, the Capital Group EUPAC Strategy has taken a flexible approach to investing in attractively valued companies in developed and emerging markets. Many of these companies appear positioned to benefit from innovation, global economic growth and increasing consumer demand. The strategy’s portfolio managers and investment analysts seek to identify these long-term leaders across a broad range of regions and sectors around the world.

IDENTIFYING LONG-TERM LEADERS IN A BROAD RANGE OF REGIONS AND SECTORS

Examples of top holdings*

Table shows examples of top holdings in the Capital Group EUPAC Composite representative account. Example 1: SAP — Country: Germany; Sector: Information Technology; Market cap ($US billions): 255 Example 2: Safran — Country: France; Sector: Industrials; Market cap ($US billions): 125 Example 3: AstraZeneca — Country: United Kingdom; Sector: Health Care; Market cap ($US billions): 287.

Sources: Bloomberg Index Services Limited and FactSet. As of December 31, 2025.

SEEKING OPPORTUNITIES ABROAD

Research focus: Metals and mining

International companies are market leaders in many industries, including metals and mining. Companies are spending big money on data centers and re-shoring, while governments are increasing spending on defense and energy security. At the foundation of growing capital expenditure plans is rising demand for materials — from copper to specialty chemicals —, which could create many new sources of long-term demand for the companies that produce them.

BREAKDOWN OF GLOBAL METALS AND MINING BY DOMICILE
MSCI ACWI Metals and Mining Index by weight % (top 10 companies shown)

Donut chart illustrating the breakdown of global metals and mining companies by domicile.

Source: MSCI. As of 12/31/25.

One investment strategy, multiple ways to invest

This strategy offers multiple ways for clients to invest. The first is the mutual fund, EUPAC Fund, which is offered in various share classes designed for retirement plans, nonprofits, and other institutional and individual investors.

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For high net worth clients, consider a separately managed account, within the Capital Group International Growth SMA strategy, which has the same objective as the mutual fund to seek to provide long-term growth of capital and is managed by the same team of portfolio managers.

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Footnote/Important information:

*As of December 31, 2025. Companies shown are among the top 20 holdings by weight in Capital Group EUPAC Composite representative account (Taiwan Semiconductor Manufacturing Co., Airbus, SK hynix, Novo Nordisk, UniCredit, AstraZeneca, ASML, SoftBank Group, SAP, Tencent, Reliance Industries, Standard Chartered, EssilorLuxottica, Banco Bilbao Vizcaya Argentaria, MercadoLibre, 3i Group, Rolls-Royce Holdings, Cenovus Energy, Siemens, Safran).

MSCI ACWI Metals and Mining Index is composed of large and mid cap stocks across 23 Developed Markets countries and 24 Emerging Markets countries. All securities in the index are classified in the Metals & Mining industry according to the Global Industry Classification Standard.

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 mutual fund prospectuses and/or summary prospectuses, 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.
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.
Use of this website is intended for U.S. residents only.
Advisory services offered through Capital Research and Management Company (CRMC) and its RIA affiliates. Capital Client Group, Inc., member FINRA.
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.