Investment Fund

Summary

Internal Prompt
A dedicated emerging markets allocation. Seeks to provide long term growth of capital through a diversified portfolio of developing country equities with an emphasis on companies growing faster than their global peers and/or trading at substantial discount.
Price at NAV $9.03 as of 1/30/2026 (updated daily)
Fund Assets (millions) $507.3
Portfolio Managers
4
Expense Ratio
(Gross/Net %)
0.80 / 0.74%
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities1.4%
Non-U.S. Equities95.5%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
3.1%
As of 12/31/2025 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class F-3 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
EMGEX
MSCI Emerging Markets Index
Other AF Funds
Standard Deviation as of 12/31/2025 (updated monthly) . Annualized return as of 12/31/2025 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

84.7%
Large
12.6%
Medium
2.7%
Small
$177,671.00 Million
Weighted Average


As of 3/31/2024 (updated quarterly). FactSet data as of 6/30/2025 (updated quarterly).

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
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 fund's investment objective is to seek long-term capital growth.
Distinguishing Characteristics
The fund is intended to serve as a primary emerging markets portfolio allocation and seeks to offer a fully invested, pure equity solution. The fund allows minimal flexibility to investments in companies domiciled outside emerging markets up to 10% of the assets of the fund so long as a minimum of 75% of a company’s revenues or profits or assets are derived from emerging markets. The fund’s positioning will be mainly driven by bottom-up selection rather than large top-down country or sector allocation decisions. The fund seeks to deliver in-line or lower volatility, but with superior long-term security selection relative to the MSCI Emerging Markets Index.
Types of Investments
The fund invests primarily in developing country equity securities.
Portfolio Restrictions
The fund may invest no more than 10% of its assets in securities of issuers that are in a developing country that is not a Qualified Market. Qualified Markets are countries that have securities markets designated for investment by the funds investment adviser after taking into account, among other factors, market liquidity, the availability of information about the market and the impact of applicable government regulation. The fund may also invest up to 10% of its net assets in securities of issuers that are not in developing countries, provided that at least 75% of such issuers' assets are in developing countries, or such issuers derive or expect to derive at least 75% of their total revenue or profits from goods or services produced in or sales made in developing countries.

Fund Facts

Fund Inception 5/30/1986
Fund Assets (millions)
As of 12/31/2025
 $507.3
Companies/Issuers
Holdings are as of 12/31/2025 (updated monthly).
 115+
Shareholder Accounts
Shareholder accounts are as of 12/31/2025
 858
Regular Dividends Paid
Dec
Minimum Initial Investment $1,000,000
Capital Gains Paid
Dec
Portfolio Turnover (2025) 57%
Fiscal Year-End Jun
Prospectus Date 09/01/2025
CUSIP 290886 20 9
Fund Number 37115

Returns

Internal Prompt

Month-End Returns as of 12/31/25

Returns at NAV
| at MOP
Read important investment disclosures
EMGEX
MSCI Emerging Markets Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/25

Growth of 10K

Read important investment disclosures
For Class F-3 Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2025.
EMGEX
MSCI Emerging Markets Index
VIEW LARGER CHART

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.44% 1.45%
Fund at MOP N/A N/A
As of 12/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.17 7.77 14.86
MSCI Emerging Markets Index
2.00 8.70 --
Fund as of 9/30/25. Index as of 12/31/25.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Arthur Caye 9 21 29
Patricio Ciarfaglia 2 17 24
Saurav Jain 1 18
Samir Parekh 7 19 25
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(704)
3-yr. Morningstar RatingTM
(704 funds rated)
5-yr. Morningstar RatingTM
(620 funds rated)
10-yr. Morningstar RatingTM
(460 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Diversified Emerging Mkts
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 12/31/2025 (updated monthly).

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(688)
(688)
(604)
Expense Within Category
Funds Rated
(377)
(377)
(329)
Preservation Within Category
Funds Rated
(11998)
(11998)
(11092)
Tax Efficiency Within Category
Funds Rated
(688)
(688)
(604)
Total Return Within Category
Funds Rated
(688)
(688)
(604)
Category Emerging Markets Funds
KEY
HIGHEST LOWEST
As of 12/31/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
16.85
Sharpe Ratio
0.41
For the 10 Years ending 12/31/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI Emerging Markets Index
MSCI ACWI Ex USA NR USD
R-squared
91 78
Beta
0.97 1.03
Capture Ratio (Downside/Upside)
--/-- 102/100
American Funds Benchmark for the 10 Years ending 12/31/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 12/31/25 (updated monthly).

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Financials 25.6%
Information technology 21.6%
Communication services 12.7%
Consumer discretionary 12.3%
Industrials 10.3%
Health care 5.3%
Real estate 2.9%
Consumer staples 2.6%
Materials 2.4%
Energy 1.2%

% of net assets as of 12/31/2025 (updated monthly)

Top Equities

TSMC
12.5%
Tencent
5.3%
SK hynix
3.2%
Samsung Electronics
3.2%
NetEase
3.0%
MediaTek
2.2%
Alibaba Group
2.1%
Kotak Mahindra Bank
2.0%
Hana Financial Group
1.5%
Banco BTG Pactual
1.4%

% of net assets as of 12/31/2025 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
1.4%
Europe
1.2%
Asia & Pacific Basin
77.5%
Other (Including Canada & Latin America)
16.5%
Cash & equivalents
3.4%
% 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 Emerging Markets Index
United States 1.5% 0.0%
Canada 0.4% 0.0%
Europe & Middle East 0.0% 0.0%
Asia-Pacific ex. Japan 1.2% 0.0%
China 26.7% 27.6%
Emerging markets ex. China 68.7% 72.4%
Other 1.6% 0.0%

% of net assets as of 12/31/2025 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
MSCI Emerging Markets Index
United States 1.4% 0.0%
Canada 0.4% 0.0%
Europe & Middle East 0.0% 0.0%
Asia-Pacific ex. Japan 1.1% 0.0%
China 25.9% 27.6%
Emerging markets ex. China 66.6% 72.4%
Other 1.5% 0.0%
Cash & equivalents
3.1% --

% of net assets as of 12/31/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/26/26

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
12/22/25 12/22/25 12/23/25 $0.0385 $0.00 $0.2668 $0.0275 $8.34
2025 Year-to-Date: Dividends Subtotal: $0.0385 Cap Gains Subtotal: $0.2943
Total Distributions: $0.3328

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.62%
Other Expenses 0.18%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

Gross Net
EMGEX 0.80% 0.74%
Lipper Emerging Markets Funds Average
0.99%
Fund as of most recent prospectus. Lipper Category as of 12/31/25 (updated quarterly).