Investment Fund

Share Class
Purchase Restrictions: Class 529-F-2 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
A flexible approach to developing markets. Seeks broad exposure to emerging markets opportunities, principally by investing in emerging markets companies as well as multinational companies with material emerging markets exposure.
Price at NAV $80.43 as of 6/21/2024 (updated daily)
Fund Assets (millions) $58,509.0
Portfolio Managers
12
Expense Ratio
(Gross/Net %)
0.71 / 0.71%

Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities22.9%
Non-U.S. Equities70.3%
U.S. Bonds0.0%
Non-U.S. Bonds3.4%
Cash & Equivalents
3.4%
As of 5/31/2024 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class 529-F-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
FNFWX
MSCI All Country World Index (ACWI)
Other AF Funds
Standard Deviation as of 05/31/2024 (updated monthly) . Annualized return as of 05/31/2024 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

88.6%
Large
10.1%
Medium
1.3%
Small
$72,241.42 Million
Weighted Average


As of 3/31/2024 (updated quarterly). Morningstar data as of 3/31/2024 (updated quarterly).

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/24 (updated quarterly)

Description

Objective
The fund's investment objective is long-term capital appreciation.
Distinguishing Characteristics
This fund seeks broad exposure to emerging markets opportunities, principally by investing in emerging markets companies as well as multinational companies with material emerging markets exposure. It also includes a relatively small opportunistic sleeve of emerging markets fixed income with attractive total return potential. Over the long term, this fund may have the potential to help provide emerging markets-like returns with developed markets-like volatility.
Types of Investments
The fund invests in common stocks and other equity-type securities, corporate and government bonds, and cash and cash equivalents.
Holdings Outside the U.S.
The fund will invest at least 35% of assets in securities of issuers based primarily in qualified developing countries.
Portfolio Restrictions
The fund may invest in debt securities, which may be rated below investment grade (BB/Ba and below, or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Fund Inception 6/17/1999
Fund Assets (millions)
As of 5/31/2024
$58,509.0
Companies/Issuers
Holdings are as of 5/31/2024 (updated monthly).
410+
Shareholder Accounts
Shareholder accounts are as of 5/31/2024
16,588
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 32%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 649280 740
Fund Number 1636

Returns

Internal Prompt

Month-End Returns as of 5/31/24

Quarter-End Returns as of 3/31/24

Growth of 10K

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.45% 1.41%
Fund at MOP N/A N/A
As of 5/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.79 11.32 18.02
MSCI All Country World Index (ACWI)
2.70 12.00 18.20
Fund as of 3/31/24. Index as of 3/31/24.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Bradford F. Freer 7 30 33
Matt Hochstetler 7 10 19
Dawid Justus 4 19 25
Carl M. Kawaja 22 32 36
Winnie Kwan 15 24 29
Robert W. Lovelace 25 38
Piyada Phanaphat 4 16 22
Akira Shiraishi 6 20 26
Kirstie Spence 4 28
Tomonori Tani 10 19 25
Lisa Thompson 5 29 36
Christopher Thomsen 15 26 30
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(717)
3-yr. Morningstar RatingTM
(717 funds rated)
5-yr. Morningstar RatingTM
(651 funds rated)
10-yr. Morningstar RatingTM
(425 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category Diversified Emerging Mkts
Ratings are based on risk-adjusted returns as of 5/31/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(691)

(691)
Expense Within Category
Funds Rated

(462)

(462)
Preservation Within Category
Funds Rated

(12354)

(12354)
Tax Efficiency Within Category
Funds Rated

(690)

(690)
Total Return Within Category
Funds Rated

(692)

(692)
Category Emerging Markets Funds
KEY
HIGHEST LOWEST
As of 5/31/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
14.93
Sharpe Ratio
0.32
For the 10 Years ending 5/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI All Country World Index (ACWI)
MSCI ACWI Ex USA NR USD
R-squared 89 92
Beta 0.95 0.95
Capture Ratio (Downside/Upside) 98/87 92/99
American Funds Benchmark for the 10 Years ending 5/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 5/31/24 (updated monthly).

Holdings

Equities Breakdown

Equity Fund Holdings
Financials 15.9%
Information technology 15.9%
Industrials 11.8%
Consumer discretionary 11.4%
Health care 10.4%
Communication services 8.6%
Consumer staples 7.0%
Materials 6.8%
Energy 2.5%
Real estate 1.9%
Utilities 1.0%

% of net assets as of 5/31/2024 (updated monthly)

Top Equities

TSMC
3.4%
Microsoft
2.7%
Novo Nordisk
2.3%
Tencent
2.2%
MercadoLibre
1.7%
NVIDIA
1.5%
Alphabet
1.5%
Meta Platforms
1.5%
Airbus
1.5%
Broadcom
1.4%

% of net assets as of 5/31/2024 (updated monthly)

Geographic Breakdown

United States
22.2%
Europe
20.3%
Asia & Pacific Basin
40.3%
Other (Including Canada & Latin America)
13.1%
Cash & equivalents
4.1%
% of net assets as of 4/30/2024 (updated monthly)

The New Geography of Investing ®

Regions Fund
MSCI All Country World Index (ACWI)
United States 24.6% 63.8%
Canada 1.6% 2.7%
Europe 19.9% 15.7%
Japan 3.1% 5.3%
Asia-Pacific ex. Japan 3.4% 2.5%
Emerging Markets 47.5% 10.0%

% of net assets as of 5/31/2024 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Index (ACWI)
United States 22.8% 63.8%
Canada 1.5% 2.7%
Europe 18.5% 15.7%
Japan 2.9% 5.3%
Asia-Pacific ex. Japan 3.1% 2.5%
Emerging Markets 44.1% 10.0%
Cash & Equivalents
3.6% 0.0%
Fixed Income 3.4% 0.0%

% of net assets as of 5/31/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/25/24

2023
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/14/23 12/14/23 12/15/23 $1.1683 $0.00 $0.9139 $0.00 $73.45
2023 Year-to-Date: Dividends Subtotal: $1.1683 Cap Gains Subtotal: $0.9139
Total Distributions: $2.0822

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.51%
Other Expenses 0.20%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

FNFWX 0.71%
Lipper Emerging Markets Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).