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
A dynamic approach to growth investing. Seeks growth by investing in companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.
Price at NAV $56.28 as of 4/18/2024 (updated daily)
Fund Assets (millions) $32,854.0
Portfolio Managers
8
Expense Ratio
(Gross/Net %)
0.87 / 0.87%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities77.2%
Non-U.S. Equities20.1%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
2.8%
As of 3/31/2024 (updated monthly)

Growth of 10K

High & Low Prices

Market Capitalization

75.9%
Large
18.0%
Medium
6.0%
Small
$170,798.40 Million
Weighted Average


As of 12/31/2023 (updated quarterly). Morningstar data as of 3/31/2024 (updated quarterly).

Morningstar Ownership ZoneTM

Global Large-Stock Growth
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/24 (updated quarterly)

Description

Fund Objective
The investment objective of the fund is long-term growth of capital.
Distinguishing Characteristics
This strategy seeks growth by investing in companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. While a majority of assets are invested in U.S.-domiciled companies, the strategy has notable flexibility to pursue growth opportunities globally.
Types of Investments
Invests primarily in common and preferred stocks, securities convertible into common stocks, and cash and equivalents.
Holdings Outside the U.S.
May invest up to 50% of assets in securities of companies domiciled outside the U.S.

Fund Facts

Fund Inception 12/01/1983
Fund Assets (millions)
As of 2/29/2024
$32,854.0
Companies/Issuers
Holdings are as of 3/31/2024 (updated monthly).
208+
Shareholder Accounts
Shareholder accounts are as of 3/31/2024
1
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 39%
Fiscal Year-End Nov
Prospectus Date 02/01/2024
CUSIP 643822 88 5
Fund Number 1414

Returns

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Month-End Returns as of 3/31/24

Quarter-End Returns as of 3/31/24

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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
CNGFX
MSCI All Country World Index (ACWI)
Other AF Funds
Standard Deviation as of 03/31/2024 (updated monthly) . Annualized return as of 03/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.34% 0.30%
Fund at MOP N/A N/A
As of 3/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 5.03 17.25 25.95
MSCI All Country World Index (ACWI)
2.50 10.90 16.60
Fund as of 3/31/24. Index as of 12/31/23.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Paul Benjamin 1 18
Mathews Cherian 6 20 27
Tomoko Fortune 4 5 27
Caroline Jones 7 20 26
Harold H. La 18 25
Reed Lowenstein 5 25
Lara Pellini 3 22
Richmond Wolf 6 18
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(322)
3-yr. Morningstar RatingTM
(322 funds rated)
5-yr. Morningstar RatingTM
(279 funds rated)
10-yr. Morningstar RatingTM
(188 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Global Large-Stock Growth
Ratings are based on risk-adjusted returns as of 3/31/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
15.74
Sharpe Ratio
0.63
For the 10 Years ending 3/31/24 (updated monthly).
American Funds/
Morningstar Benchmark
MSCI ACWI NR USD
R-squared 86
Beta 0.99
Capture Ratio (Downside/Upside) 94/103
American Funds and Morningstar Benchmark for the 10 Years ending 3/31/24 (updated monthly).
Active Share
68.2%
As of 12/31/23 (updated quarterly)

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 34.1%
Health care 18.8%
Financials 11.2%
Industrials 9.9%
Consumer discretionary 9.8%
Communication services 7.6%
Energy 3.1%
Consumer staples 1.9%
Materials 0.8%

% of net assets as of 3/31/2024 (updated monthly)

Top Equities

Broadcom
6.6%
Microsoft
6.5%
Meta Platforms
3.3%
Amazon.com
3.0%
Alphabet
2.8%
TSMC
2.7%
NVIDIA
2.3%
Eli Lilly
2.3%
Micron Technology
2.1%
UnitedHealth Group
2.0%

% of net assets as of 3/31/2024 (updated monthly)

Geographic Breakdown

United States
77.2%
Europe
10.2%
Asia & Pacific Basin
8.0%
Other (Including Canada & Latin America)
1.9%
Cash & equivalents
2.8%
% of net assets as of 3/31/2024 (updated monthly)

The New Geography of Investing ®

Regions Fund
MSCI All Country World Index (ACWI)
United States 79.3% 63.8%
Canada 0.7% 2.8%
Europe 10.7% 15.5%
Japan 1.3% 5.5%
Asia-Pacific ex. Japan 0.2% 2.5%
Emerging Markets 7.8% 10.0%

% of net assets as of 3/31/2024 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Index (ACWI)
United States 77.1% 63.8%
Canada 0.7% 2.8%
Europe 10.4% 15.5%
Japan 1.2% 5.5%
Asia-Pacific ex. Japan 0.2% 2.5%
Emerging Markets 7.6% 10.0%
Cash & Equivalents
2.8% 0.0%

% of net assets as of 3/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/25/24

2023
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/13/23 12/13/23 12/14/23 $0.205 $0.00 $2.008 $0.00 $52.29
2023 Year-to-Date: Dividends Subtotal: $0.205 Cap Gains Subtotal: $2.008
Total Distributions: $2.213

Fees & Expenses

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Fees

Annual Management Fees 0.37%
Other Expenses 0.25%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CNGFX 0.87%
Lipper Global Funds Average
1.10%
Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly).

Resources