Investment Fund

Share Class
Purchase Restrictions: Class 529-F-1 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
A disciplined approach to growth investing. Focuses primarily on well-managed U.S. companies of any size with sound fundamentals and that have solid long-term growth records and attractive future growth potential.
Price at NAV $42.71 as of 6/12/2025 (updated daily)
Fund Assets (millions) $88,458.1
Portfolio Managers
7
Expense Ratio
(Gross/Net %)
0.76 / 0.76%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities91.5%
Non-U.S. Equities5.1%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
3.4%
As of 5/31/2025 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class 529-F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CAFFX
S&P 500 Index
Other AF Funds
Standard Deviation as of 05/31/2025 (updated monthly) . Annualized return as of 05/31/2025 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

79.0%
Large
17.3%
Medium
3.7%
Small
$743,098.00 Million
Weighted Average


As of 3/31/2025 (updated quarterly). FactSet data as of 3/31/2025 (updated quarterly).

Morningstar Ownership ZoneTM

Large Growth
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/25 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Objective
The fund's investment objective is to provide you with long-term growth of capital.
Distinguishing Characteristics
Takes a disciplined approach to growth investing, focusing primarily on well-managed U.S. companies with sound fundamentals. Invests in companies of any size that have solid long-term growth records and attractive future growth potential.
Types of Investments
Primarily invests in U.S. common stocks, as well as convertible preferred stocks and cash and equivalents.
Holdings Outside the U.S.
This fund may invest in securities outside the U.S. to a limited extent.

Fund Facts

Fund Inception 5/01/1967
Fund Assets (millions)
As of 5/31/2025
 $88,458.1
Companies/Issuers
Holdings are as of 5/31/2025 (updated monthly).
 176+
Shareholder Accounts
Shareholder accounts are as of 5/31/2025
 1
Regular Dividends Paid
Jun, Dec
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2025) 36%
Fiscal Year-End Feb
Prospectus Date 05/01/2025
CUSIP 023375 88 4
Fund Number 1402

Returns

Internal Prompt

Month-End Returns as of 5/31/25

Returns at NAV
| at MOP
Read important investment disclosures
CAFFX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/25

Growth of 10K

Read important investment disclosures

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.47% 0.29%
Fund at MOP N/A N/A
As of 5/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 5.88 15.63 23.93
S&P 500 Index
4.10 14.10 20.90
Fund as of 3/31/25. Index as of 3/31/25.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michael Beckwith 4 6 26
J. Blair Frank 0 30 31
Cheryl E. Frank 6 23 27
Martin Jacobs 6 24 37
Aidan O'Connell 10 21 30
Jessica C. Spaly 7 21 26
Eric H. Stern 5 33 35
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(1034)
3-yr. Morningstar RatingTM
(1034 funds rated)
5-yr. Morningstar RatingTM
(952 funds rated)
10-yr. Morningstar RatingTM
(748 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Large Growth
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 5/31/2025 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(322)
(322)
(293)
(225)
Expense Within Category
Funds Rated
(162)
(162)
(150)
(104)
Preservation Within Category
Funds Rated
(12196)
(12196)
(11169)
(8331)
Tax Efficiency Within Category
Funds Rated
(322)
(322)
(293)
(225)
Total Return Within Category
Funds Rated
(312)
(312)
(285)
(220)
Category Multi-Cap Growth Funds
KEY
HIGHEST LOWEST
As of 5/31/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
16.04
Sharpe Ratio
0.59
For the 10 Years ending 5/31/25 (updated monthly).
American Funds/
Morningstar Benchmark
S&P 500 TR USD
R-squared
93
Beta
1.00
Capture Ratio (Downside/Upside)
106/96
American Funds and Morningstar Benchmark for the 10 Years ending 5/31/25 (updated monthly).

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 31.5%
Consumer discretionary 14.8%
Industrials 13.4%
Health care 11.7%
Communication services 10.9%
Financials 8.3%
Consumer staples 2.9%
Materials 1.6%
Real estate 0.9%
Energy 0.4%
Utilities 0.2%

% of net assets as of 5/31/2025 (updated monthly)

Top Equities

Microsoft
7.2%
Broadcom
5.8%
Amazon.com
5.2%
Alphabet
4.8%
NVIDIA
4.5%
Meta Platforms
3.5%
TransDigm Group
3.1%
Eli Lilly
2.9%
Apple
2.6%
Mastercard Inc
2.2%

% of net assets as of 5/31/2025 (updated monthly)

Geographic Breakdown

Regions
United States
91.5%
Europe
2.2%
Asia & Pacific Basin
1.7%
Other (Including Canada & Latin America)
1.1%
Cash & equivalents
3.4%
% of net assets as of 5/31/2025 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
S&P 500 Index
United States 94.8% 100.0%
Canada 1.0% 0.0%
Europe 2.2% 0.0%
Asia-Pacific ex. Japan 0.2% 0.0%
Emerging Markets 1.7% 0.0%

% of net assets as of 5/31/2025 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
S&P 500 Index
United States 91.5% 100.0%
Canada 1.0% 0.0%
Europe 2.2% 0.0%
Asia-Pacific ex. Japan 0.2% 0.0%
Emerging Markets 1.7% 0.0%
Cash & Equivalents
3.4% 0.0%

% of net assets as of 5/31/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 06/12/25

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
06/11/25 06/11/25 06/12/25 $0.00 $0.00 $1.8675 $0.00 $42.59
2025 Year-to-Date: Dividends Subtotal: $0.00 Cap Gains Subtotal: $1.8675
Total Distributions: $1.8675

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.29%
Other Expenses 0.22%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CAFFX 0.76%
Lipper Growth Funds Average
0.86%
Fund as of most recent prospectus. Lipper Category as of 3/31/25 (updated quarterly).