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In observance of the Christmas Day federal holiday, the New York Stock Exchange and Capital Group’s U.S. offices will close early on Wednesday, December 24 and will be closed on Thursday, December 25. On December 24, the New York Stock Exchange (NYSE) will close at 1 p.m. (ET) and our service centers will close at 2 p.m. (ET)

A flexible approach to U.S. growth and income investing

Investing in growth

Fundamental Investors®

INCEPTION DATE
August 01, 1978

IMPLEMENTATION
Consider for a large-cap core allocation

OBJECTIVE
The fund’s investment objective is to achieve long-term growth of capital and income

VEHICLE

Fundamental Investors

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INVESTING IN GROWTH

Fundamental Investors investment professionals use in-depth, bottom-up research to identify undervalued companies with attractive appreciation potential.

INVESTING IN GROWTH

Identifying the companies powering growth

Fundamental Investors makes investments in the companies powering economic growth and developing new products and services. Our investment professionals seek to identify overlooked companies with attractive prospects for capital appreciation, including those outside of traditional industries.

IDENTIFYING LONG-TERM LEADERS IN A BROAD RANGE OF SECTORS
Examples of top holdings in the portfolio (as of December 31, 2024)*

This graphic shows examples of top holdings by portfolio weight in Fundamental Investors. The three examples cited include information technology firm Salesforce (market cap of $319,619 million), health care firm Novo Nordisk (market cap of $382,524 million) and Industrials firm TransDigm (market cap of $71,242 million).

Investment thesis

Salesforce

  • A U.S.-based technology services company that engages in the design and development of cloud-based enterprise software for customer relationship management.
  • The company has benefited from improved capital allocations.
  • Led by a strong management team that is known for positive execution, embarking on an attractive artificial intelligence opportunity.

Novo Nordisk

  • A Denmark-based global biopharmaceutical firm that is the world’s largest insulin manufacturer and leader in new classes of injectable and oral anti-diabetic and obesity drugs (GLP1s).
  • With over 450 million diabetics and 650 million clinically obese people worldwide, Novo appears well positioned to provide care for the growing population over the long-term.
  • Novo Nordisk appears in a position of financial strength due to its strong balance sheet, one of the highest margins in the pharmaceuticals industry.

TransDigm

  • A U.S.-based aerospace & defense supplier that engages in the design, production and supply of aircraft components. 
  • As travel demand continues to grow, TransDigm is in a position of strength as one of the world’s leaders in supplying commercial aftermarket and original equipment manufacturer parts to the industry.
  • Strong management teams and operating cultures that have helped create sustainable pricing power.

*Companies shown are among the top 20 holdings by weight in Fundamental Investors as of 12/31/24 (Broadcom, Microsoft, Amazon, Philip Morris International, Alphabet, Meta Platforms, TransDigm Group, Taiwan Semiconductor Manufacturing Co, NVIDIA, Apple, UnitedHealth Group, Visa, Eli Lilly, Apollo Global Management, Novo Nordisk, Micron Technology, Fiserv,Salesforce, British American Tobacco, MicroStrategy).

Sources: FactSet, Capital Group and Morningstar. As of December 31, 2024.

Fundamental Investors

Fundamental Investors is offered in various share classes designed for retirement plans, nonprofits, and other institutional and individual investors.

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Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.
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