Investment Fund

Share Class
Purchase Restrictions: Class R-6 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Notice: Effective January 1, 2026, the fund’s benchmark will be MSCI Emerging Markets Index
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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 $100.71 as of 4/23/2026 (updated daily)
Fund Assets (millions) $73,750.1
Portfolio Managers
12
Expense Ratio
(Gross/Net %)
0.57 / 0.57%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities15.6%
Non-U.S. Equities79.1%
U.S. Bonds0.0%
Non-U.S. Bonds2.3%
Cash & Equivalents
3.0%
As of 3/31/2026 (updated monthly)
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Volatility & Return

Read important investment disclosures

Equities

For Class R-6 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
RNWGX
MSCI Emerging Markets Index
Other AF Funds
Standard Deviation as of 03/31/2026 (updated monthly) . Annualized return as of 03/31/2026 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

90.6%
Large
7.9%
Medium
1.5%
Small
$399,062.00 Million
Weighted Average


As of 3/31/2026 (updated quarterly). FactSet data as of 3/31/2026 (updated quarterly).

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/26 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

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 3/31/2026
 $73,750.1
Companies/Issuers
Holdings are as of 2/28/2026 (updated monthly).
 446+
Shareholder Accounts
Shareholder accounts are as of 3/31/2026
 24,301
Regular Dividends Paid
Dec
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2025) 46%
Fiscal Year-End Oct
Prospectus Date 01/01/2026
CUSIP 649280 81 5
Fund Number 2636

Returns

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Month-End Returns as of 3/31/26

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

Quarter-End Returns as of 3/31/26

Growth of 10K

Read important investment disclosures
For Class R-6 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.
RNWGX
MSCI Emerging Markets Index
VIEW LARGER CHART

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.46% 1.47%
Fund at MOP N/A N/A
As of 3/31/2026 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.54 8.96 13.83
MSCI Emerging Markets Index
1.90 8.20 11.80
Fund as of 3/31/26. Index as of 3/31/26.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Brad Freer 9 32 35
Matt Hochstetler 8 12 21
Saurav Jain 1 18
Dawid Justus 6 21 27
Carl Kawaja 24 34 38
Winnie Kwan 16 26 31
Piyada Phanaphat 6 18 22
Akira Shiraishi 7 22 28
Kirstie Spence 6 30
Tomonori Tani 12 21 27
Lisa Thompson 6 31 38
Chris Thomsen 16 28 32
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(694)
3-yr. Morningstar RatingTM
(694 funds rated)
5-yr. Morningstar RatingTM
(617 funds rated)
10-yr. Morningstar RatingTM
(461 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Diversified Emerging Mkts
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 3/31/2026 (updated monthly).

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(676)
(676)
(602)
(443)
Expense Within Category
Funds Rated
(369)
(369)
(331)
(229)
Preservation Within Category
Funds Rated
(11968)
(11968)
(11122)
(8634)
Tax Efficiency Within Category
Funds Rated
(676)
(676)
(602)
(443)
Total Return Within Category
Funds Rated
(676)
(676)
(602)
(443)
Category Emerging Markets Funds
KEY
HIGHEST LOWEST
As of 3/31/2026 (updated monthly)

Risk Measures

Fund
Standard Deviation
14.79
Sharpe Ratio
0.55
For the 10 Years ending 3/31/26 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI Emerging Markets Index
MSCI ACWI Ex USA NR USD
R-squared
83 92
Beta
0.81 0.96
Capture Ratio (Downside/Upside)
75/88 93/100
American Funds Benchmark for the 10 Years ending 3/31/26 (updated monthly).
Morningstar Benchmark for the 10 Years ending 3/31/26 (updated monthly).

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 24.4%
Financials 16.8%
Industrials 12.4%
Consumer discretionary 9.4%
Communication services 8.8%
Materials 8.1%
Consumer staples 4.5%
Health care 4.1%
Energy 3.5%
Utilities 1.4%
Real estate 1.3%

% of net assets as of 3/31/2026 (updated monthly)

Top Equities

TSMC
8.8%
SK hynix
3.1%
Tencent
2.5%
Broadcom
1.6%
MercadoLibre
1.5%
Alphabet
1.3%
Samsung Electronics
1.3%
NVIDIA
1.3%
Microsoft
1.2%
International Container Terminal Services
1.2%

% of net assets as of 3/31/2026 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
15.6%
Europe
15.0%
Asia & Pacific Basin
46.9%
Other (Including Canada & Latin America)
19.5%
Cash & equivalents
3.0%
% of net assets as of 3/31/2026 (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 16.5% 0.0%
Canada 2.4% 0.0%
Europe & Middle East 13.7% 0.0%
Japan 3.2% 0.0%
Asia-Pacific ex. Japan 2.0% 0.0%
China 13.4% 25.5%
Emerging markets ex. China 47.6% 74.5%
Other 1.2% 0.0%

% of net assets as of 3/31/2026 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
MSCI Emerging Markets Index
United States 15.6% 0.0%
Canada 2.2% 0.0%
Europe & Middle East 13.0% 0.0%
Japan 3.0% 0.0%
Asia-Pacific ex. Japan 1.9% 0.0%
China 12.7% 25.5%
Emerging markets ex. China 45.1% 74.5%
Other 1.2% 0.0%
Cash & equivalents
2.9% --
Fixed Income 2.3% --

% of net assets as of 3/31/2026 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2026

Historical Prices Year-End

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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
12/18/25 12/18/25 12/19/25 $1.4013 $0.00 $4.272 $0.00 $90.96
2025 Year-to-Date: Dividends Subtotal: $1.4013 Cap Gains Subtotal: $4.272
Total Distributions: $5.6733

Fees & Expenses

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Fees

Annual Management Fees 0.50%
Other Expenses 0.07%
Service 12b-1 --
As of each fund's most recent prospectus.
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Expense Ratio

RNWGX 0.57%
Lipper Emerging Markets Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).