Investment Fund

Share Class
Purchase Restrictions: Class 529-F-3 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
Dividend investing in the developing world. Balances long-term growth of capital and current income, with the potential to reduce the effects of volatility typically associated with emerging markets investing.
Price at NAV $10.51 as of 6/21/2024 (updated daily)
Fund Assets (millions) $1,901.9
Portfolio Managers
6
Expense Ratio
(Gross/Net %)
0.82 / 0.82%

Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities2.8%
Non-U.S. Equities92.9%
U.S. Bonds0.0%
Non-U.S. Bonds0.2%
Cash & Equivalents
4.0%
As of 5/31/2024 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class 529-F-3 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
FWDGX
MSCI Emerging Markets Index
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

83.7%
Large
13.2%
Medium
3.1%
Small
$28,665.08 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 to provide long-term growth of capital while providing current income.
Distinguishing Characteristics
Invests primarily in developing world companies that have potential for growth and the capacity to pay dividends. By balancing long-term growth of capital and current income, the strategy seeks to reduce the effects of volatility typically associated with emerging markets investing.
Types of Investments
The fund will invest at least 80% of assets in securities that are: 1) issued by companies in developing countries; 2) principally traded in the securities markets of developing countries; 3) denominated in developing-country currencies; or 4) issued by companies deemed suitable for investment because they have significant economic exposure to developing countries.

Fund Facts

Fund Inception 2/03/2014
Fund Assets (millions)
As of 5/31/2024
$1,901.9
Companies/Issuers
Holdings are as of 5/31/2024 (updated monthly).
130+
Shareholder Accounts
Shareholder accounts are as of 5/31/2024
1
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 37%
Fiscal Year-End Nov
Prospectus Date 02/01/2024
CUSIP 02630F 738
Fund Number 17100

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

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.96% 2.20%
Fund at MOP N/A N/A
As of 5/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 1.75 7.69 12.43
MSCI Emerging Markets Index
1.50 6.90 12.70
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
Arthur Caye 2 19 27
Noriko Honda Chen 10 25 34
Saurav Jain 5 16
Victor D. Kohn 5 38 40
F. Chapman Taylor 10 29
Lisa Thompson 1 29 36
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
16.05
Sharpe Ratio
0.07
For the 10 Years ending 5/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI Emerging Markets Index
MSCI ACWI Ex USA NR USD
R-squared 90 85
Beta 0.89 0.99
Capture Ratio (Downside/Upside) 89/85 104/91
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 25.6%
Information technology 14.1%
Communication services 13.0%
Consumer discretionary 9.8%
Industrials 8.3%
Consumer staples 8.1%
Health care 6.3%
Materials 4.4%
Energy 3.3%
Real estate 2.0%
Utilities 0.8%

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

Top Equities

TSMC
7.9%
Tencent
3.8%
Hana Financial Group
2.9%
AIA Group
2.6%
Ping An Insurance
2.5%
TotalEnergies
2.2%
NetEase
1.8%
H World Group
1.7%
ICICI Bank
1.7%
Hengrui Medicine
1.6%

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

Geographic Breakdown

United States
2.5%
Europe
8.2%
Asia & Pacific Basin
68.6%
Other (Including Canada & Latin America)
17.7%
Cash & equivalents
3.0%
% of net assets as of 4/30/2024 (updated monthly)

The New Geography of Investing ®

Regions Fund
MSCI Emerging Markets Index
United States 2.9% 0.0%
Canada 1.5% 0.0%
Europe 7.0% 0.0%
Japan 1.5% 0.0%
Asia-Pacific ex. Japan 5.3% 0.0%
Emerging Markets 81.8% 100.0%

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

Fund Breakdown by Domicile

Regions Fund
MSCI Emerging Markets Index
United States 2.8% 0.0%
Canada 1.4% 0.0%
Europe 6.7% 0.0%
Japan 1.5% 0.0%
Asia-Pacific ex. Japan 5.1% 0.0%
Emerging Markets 78.3% 100.0%
Cash & Equivalents
4.0% --
Fixed Income 0.2% --

% 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 06/21/24

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/22/24 03/22/24 03/25/24 $0.0146 $0.00 $0.00 $0.00 $10.59
06/21/24 06/21/24 06/24/24 $0.075 $0.00 $0.00 $0.00 $10.51
2024 Year-to-Date: Dividends Subtotal: $0.0896 Cap Gains Subtotal: $0.00
Total Distributions: $0.0896

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.65%
Other Expenses 0.17%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

FWDGX 0.82%
Lipper Emerging Markets Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).