Investment Fund

Share Class
Purchase Restrictions: Class 529-F-1 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
Managed for conservative growth and income investing. Invests primarily in well-established companies with strong balance sheets and a history of consistently paying dividends, helping to provide downside resilience.
Price at NAV $55.99 as of 1/16/2025 (updated daily)
Fund Assets (millions) $101,290.8
Portfolio Managers
8
Expense Ratio
(Gross/Net %)
0.69 / 0.69%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities89.1%
Non-U.S. Equities6.6%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
4.2%
As of 12/31/2024 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Market Capitalization

82.7%
Large
16.3%
Medium
0.9%
Small
$592,380.00 Million
Weighted Average


As of 9/30/2024 (updated quarterly). FactSet data as of 12/31/2024 (updated quarterly).

Morningstar Ownership ZoneTM

Large Value
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 9/30/24 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Fund Objective
The fund strives for the balanced accomplishment of three objectives: current income, growth of capital and conservation of principal.
Distinguishing Characteristics
Conservatively managed to reduce volatility and risk, this fund has the potential to provide downside resilience during market declines. It invests primarily in well-established companies with strong balance sheets.
Types of Investments
The fund invests primarily in common stocks, securities convertible into common stocks.
Holdings Outside the U.S.
May invest up to 20% of its assets in securities of issuers domiciled outside the United States and not included in the S&P 500 Composite Index. May invest up to 5% of its assets in securities of issuers domiciled outside the United States and Canada and not included in the S&P 500 Composite Index.

Fund Facts

Fund Inception 2/21/1950
Fund Assets (millions)
As of 12/31/2024
 $101,290.8
Companies/Issuers
Holdings are as of 12/31/2024 (updated monthly).
 172+
Shareholder Accounts
Shareholder accounts are as of 12/31/2024
 1
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 31%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 027681 88 1
Fund Number 1403

Returns

Internal Prompt

Month-End Returns as of 12/31/24

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

Quarter-End Returns as of 12/31/24

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class 529-F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CMLFX
S&P 500 Index
Other AF Funds
Standard Deviation as of 12/31/2024 (updated monthly) . Annualized return as of 12/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.81% 1.88%
Fund at MOP N/A N/A
As of 12/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.62 15.01 19.10
S&P 500 Index
4.30 15.60 21.60
Fund as of 9/30/24. Index as of 9/30/24.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Grant L. Cambridge 5 27
Charles E. Ellwein 7 18 32
Cheryl E. Frank 10 22 26
Martin Jacobs 3 23 36
James B. Lovelace 18 42
William L. Robbins 16 29 32
James Terrile 18 27
Brant W. Thompson 5 16 28
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(1095)
3-yr. Morningstar RatingTM
(1095 funds rated)
5-yr. Morningstar RatingTM
(1036 funds rated)
10-yr. Morningstar RatingTM
(808 funds rated)
Overall Morningstar Risk Low
HIGH
LOW
Category
Large Value
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 12/31/2024 (updated monthly).

Risk Measures

Read important investment disclosures
Fund
Standard Deviation
12.22
Sharpe Ratio
0.66
For the 10 Years ending 12/31/24 (updated monthly).
American Funds/
Morningstar Benchmark
S&P 500 TR USD
R-squared
89
Beta
0.75
Capture Ratio (Downside/Upside)
80/77
American Funds and Morningstar Benchmark for the 10 Years ending 12/31/24 (updated monthly).
Active Share
57.0%
As of 9/30/24 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 19.7%
Financials 16.1%
Industrials 15.0%
Health care 14.9%
Utilities 6.6%
Consumer staples 6.4%
Energy 4.2%
Consumer discretionary 3.9%
Materials 3.4%
Communication services 3.2%
Real estate 2.4%

% of net assets as of 12/31/2024 (updated monthly)

Top Equities

Microsoft
6.2%
Apple
4.4%
Rtx Corp
3.5%
AbbVie
3.2%
Broadcom
2.9%
General Electric aka GE Aerospace
2.5%
UnitedHealth Group
2.3%
JPMorgan Chase
2.3%
Meta Platforms
1.8%
Accenture
1.7%

% of net assets as of 12/31/2024 (updated monthly)

Geographic Breakdown

Regions
United States
89.1%
Europe
2.7%
Asia & Pacific Basin
0.9%
Other (Including Canada & Latin America)
3.1%
Cash & equivalents
4.2%
% of net assets as of 12/31/2024 (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 93.1% 100.0%
Canada 3.2% 0.0%
Europe 2.8% 0.0%
Japan 0.2% 0.0%
Emerging Markets 0.7% 0.0%

% of net assets as of 12/31/2024 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
S&P 500 Index
United States 89.2% 100.0%
Canada 3.1% 0.0%
Europe 2.7% 0.0%
Japan 0.2% 0.0%
Emerging Markets 0.7% 0.0%
Cash & Equivalents
4.1% 0.0%

% of net assets as of 12/31/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2024

Historical Prices Year-End

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Historical Distributions as of 01/16/25

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/13/24 03/13/24 03/14/24 $0.2338 $0.00 $0.00 $0.00 $53.47
06/12/24 06/12/24 06/13/24 $0.2403 $0.00 $0.00 $0.00 $54.13
09/18/24 09/18/24 09/19/24 $0.2396 $0.00 $0.00 $0.00 $58.15
12/17/24 12/17/24 12/18/24 $0.244 $0.085 $2.502 $0.00 $56.14
2024 Year-to-Date: Dividends Subtotal: $1.0427 Cap Gains Subtotal: $2.502
Total Distributions: $3.5447

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.23%
Other Expenses 0.21%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CMLFX 0.69%
Lipper Growth & Income Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).