Investment Fund

Share Class
Purchase Information: Class F-1 shares are primarily available through certain financial services platforms that support self-directed investors. 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 $70.35 as of 12/16/2025 (updated daily)
Fund Assets (millions) $43,515.5
Portfolio Managers
7
Expense Ratio
(Gross/Net %)
0.79 / 0.79%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities69.9%
Non-U.S. Equities25.7%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
4.3%
As of 11/30/2025 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
ANFFX
MSCI All Country World Index (ACWI)
Other AF Funds
Standard Deviation as of 11/30/2025 (updated monthly) . Annualized return as of 11/30/2025 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

76.2%
Large
18.6%
Medium
5.2%
Small
$933,797.00 Million
Weighted Average


As of 9/30/2025 (updated quarterly). FactSet data as of 9/30/2025 (updated quarterly).

Morningstar Ownership ZoneTM

Global Large-Stock Growth
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 9/30/25 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

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 11/30/2025
 $43,515.5
Companies/Issuers
Holdings are as of 11/30/2025 (updated monthly).
 189+
Shareholder Accounts
Shareholder accounts are as of 11/30/2025
 13,066
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 36%
Fiscal Year-End Nov
Prospectus Date 02/01/2025
CUSIP 643822 40 6
Fund Number 414

Returns

Internal Prompt

Month-End Returns as of 11/30/25

Returns at NAV
| at MOP
Read important investment disclosures
ANFFX
MSCI All Country World Index (ACWI)
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/25

Growth of 10K

Read important investment disclosures

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.00% -0.07%
Fund at MOP N/A N/A
As of 11/30/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 5.36 14.57 22.32
MSCI All Country World Index (ACWI)
3.10 13.00 19.20
Fund as of 9/30/25. Index as of 9/30/25.
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 La 19 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(302)
3-yr. Morningstar RatingTM
(302 funds rated)
5-yr. Morningstar RatingTM
(276 funds rated)
10-yr. Morningstar RatingTM
(189 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 11/30/2025 (updated monthly).

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(152)
(152)
(135)
(69)
Expense Within Category
Funds Rated
(90)
(90)
(81)
(38)
Preservation Within Category
Funds Rated
(11995)
(11995)
(11072)
(8489)
Tax Efficiency Within Category
Funds Rated
(152)
(152)
(135)
(69)
Total Return Within Category
Funds Rated
(152)
(152)
(135)
(69)
Category Global Multi-Cap Growth
KEY
HIGHEST LOWEST
As of 11/30/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
16.16
Sharpe Ratio
0.72
For the 10 Years ending 11/30/25 (updated monthly).
American Funds/
Morningstar Benchmark
MSCI ACWI NR USD
R-squared
86
Beta
1.04
Capture Ratio (Downside/Upside)
104/109
American Funds and Morningstar Benchmark for the 10 Years ending 11/30/25 (updated monthly).

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 43.3%
Health care 13.1%
Consumer discretionary 10.8%
Industrials 9.2%
Financials 8.8%
Communication services 7.7%
Consumer staples 1.6%
Energy 0.7%
Materials 0.4%
Utilities 0.1%

% of net assets as of 11/30/2025 (updated monthly)

Top Equities

Broadcom
7.1%
TSMC
5.3%
Microsoft
5.0%
SK hynix
4.4%
NVIDIA
4.1%
Alphabet
3.7%
Micron Technology
3.7%
Amazon.com
3.2%
Eli Lilly
2.8%
MercadoLibre
1.9%

% of net assets as of 11/30/2025 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
69.9%
Europe
9.1%
Asia & Pacific Basin
13.8%
Other (Including Canada & Latin America)
2.8%
Cash & equivalents
4.3%
% of net assets as of 11/30/2025 (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 73.1% 64.7%
Canada 1.4% 3.0%
Europe & Middle East 9.7% 14.4%
Japan 1.9% 4.9%
Asia-Pacific ex. Japan 0.5% 2.2%
China 1.2% 3.1%
Emerging markets ex. China 12.3% 7.7%

% of net assets as of 11/30/2025 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Index (ACWI)
United States 69.9% 64.7%
Canada 1.3% 3.0%
Europe & Middle East 9.2% 14.4%
Japan 1.8% 4.9%
Asia-Pacific ex. Japan 0.5% 2.2%
China 1.2% 3.1%
Emerging markets ex. China 11.7% 7.7%
Cash & equivalents
4.4% --
Fixed Income 0.0% --

% of net assets as of 11/30/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

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Historical Distributions as of 12/16/25

FIND HISTORICAL DISTRIBUTIONS
2025
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/16/25 12/16/25 12/17/25 $0.00 $0.00 $7.2144 $0.00 $70.35
2025 Year-to-Date: Dividends Subtotal: $0.00 Cap Gains Subtotal: $7.2144
Total Distributions: $7.2144

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.37%
Other Expenses 0.18%
Service 12b-1 0.24%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

ANFFX 0.79%
Lipper Global Funds Average
0.90%
Fund as of most recent prospectus. Lipper Category as of 9/30/25 (updated quarterly).