Investment Fund

Share Class

Summary

Internal Prompt
A flexible approach to growth investing. Seeks opportunities in traditional growth stocks as well as cyclical companies and turnaround situations with significant potential for growth of capital.
Price at NAV $80.11 as of 1/16/2026 (updated daily)
Fund Assets (millions) $335,971.7
Portfolio Managers
12
Expense Ratio
(Gross/Net %)
0.62 / 0.62%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
15.70%
1-year return
10.97%
5-year return
14.68%
10-year return
0.04%
30-Day SEC Yield
Returns as of 12/31/25 (updated monthly). Yield as of 12/31/25 (updated monthly).

Asset Mix

U.S. Equities89.1%
Non-U.S. Equities8.8%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
2.0%
As of 12/31/2025 (updated monthly)

Growth of 10K

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High & Low Prices

Market Capitalization

79.1%
Large
18.6%
Medium
2.3%
Small
$1,009,916.00 Million
Weighted Average


As of 9/30/2025 (updated quarterly). FactSet data as of 9/30/2025 (updated quarterly).

Morningstar Ownership ZoneTM

Large Growth
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

Fund Objective
The fund's investment objective is to provide you with growth of capital.
Distinguishing Characteristics
This fund takes a flexible approach to growth investing, seeking opportunities in traditional growth stocks as well as cyclical companies and turnarounds with significant potential for growth of capital. Geographic flexibility also allows portfolio managers to pursue opportunities outside of the U.S. This differentiated approach has the potential to enable the fund to navigate a variety of market environments.
Types of Investments
Invests at least 65% of its assets in common stocks. May also invest in convertibles, preferred stocks, U.S. government securities, bonds and cash equivalents.
Holdings Outside the U.S.
The fund may invest up to 25% of its assets in securities of issuers domiciled outside the United States.

Fund Facts

Fund Inception 12/01/1973
Fund Assets (millions)
As of 12/31/2025
 $335,971.7
Companies/Issuers
Holdings are as of 12/31/2025 (updated monthly).
 296+
Shareholder Accounts
Shareholder accounts are as of 12/31/2025
 719,936
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2025) 32%
Fiscal Year-End Aug
Prospectus Date 11/01/2025
CUSIP 399874 50 2
Fund Number 1005

Returns

Internal Prompt

Month-End Returns as of 12/31/25

Returns at NAV
| With Sales Charge
Read important investment disclosures
CGFAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/25

Internal Prompt

Volatility & Return

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Equities

For Class 529-A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CGFAX
S&P 500 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
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.25% N/A
Fund at MOP 0.25% 0.04%
As of 12/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 4.77 16.86 24.75
S&P 500 Index
4.60 15.30 22.90
Fund as of 9/30/25. Index as of 9/30/25.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Julian Abdey 6 23 30
Chris Buchbinder 12 30
Mark Casey 13 25
Blair Frank 24 31 32
Roz Hongsaranagon 6 23
Carl Kawaja 15 34 38
Aidan O'Connell 6 22 31
Anne-Marie Peterson 13 21 31
Andraz Razen 7 21 27
Martin Romo 15 33
Eric Stern 7 34 36
Alan Wilson 13 35
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(1004)
3-yr. Morningstar RatingTM
(1004 funds rated)
5-yr. Morningstar RatingTM
(936 funds rated)
10-yr. Morningstar RatingTM
(755 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Large Growth
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 12/31/2025 (updated monthly).

Risk Measures

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Fund
Standard Deviation
16.89
Sharpe Ratio
0.79
For the 10 Years ending 12/31/25 (updated monthly).
American Funds/
Morningstar Benchmark
S&P 500 TR USD
R-squared
91
Beta
1.06
Capture Ratio (Downside/Upside)
108/105
American Funds and Morningstar Benchmark for the 10 Years ending 12/31/25 (updated monthly).
Active Share
48.8%
As of 9/30/25 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 33.1%
Consumer discretionary 14.3%
Communication services 13.5%
Health care 12.0%
Industrials 9.4%
Financials 9.4%
Energy 2.0%
Consumer staples 2.0%
Materials 1.4%
Real estate 0.5%
Utilities 0.4%

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

Top Equities

NVIDIA
6.1%
Alphabet
6.0%
Broadcom
4.6%
Microsoft
4.6%
Meta Platforms
3.9%
Eli Lilly
3.7%
Amazon.com
3.1%
Tesla Inc
2.8%
Apple
2.2%
TSMC
2.1%

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

Geographic Breakdown

Regions | Top Countries
United States
89.2%
Europe
2.5%
Asia & Pacific Basin
3.4%
Other (Including Canada & Latin America)
2.9%
Cash & equivalents
2.0%
% of net assets as of 12/31/2025 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
S&P 500 Index
United States 91.0% 100.0%
Canada 2.7% 0.0%
Europe & Middle East 2.7% 0.0%
Japan 0.6% 0.0%
Asia-Pacific ex. Japan 0.1% 0.0%
Emerging markets ex. China 2.9% 0.0%

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

Fund Breakdown by Domicile

Regions Fund
S&P 500 Index
United States 89.2% 100.0%
Canada 2.6% 0.0%
Europe & Middle East 2.7% 0.0%
Japan 0.6% 0.0%
Asia-Pacific ex. Japan 0.1% 0.0%
Emerging markets ex. China 2.8% 0.0%
Cash & equivalents
2.0% --
Fixed Income 0.0% --

% 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 01/16/26

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
12/17/25 12/17/25 12/18/25 $0.2213 $0.00 $8.364 $0.00 $76.76
2025 Year-to-Date: Dividends Subtotal: $0.2213 Cap Gains Subtotal: $8.364
Total Distributions: $8.5853

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.25%
Other Expenses 0.15%
Service 12b-1 0.22%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CGFAX 0.62%
Lipper Large-Cap Growth Funds Average
1.03%
Fund as of most recent prospectus. Lipper Category as of 12/31/25 (updated quarterly).