Investment Fund

Coming soon: We’re refreshing our webpage design and introducing new data visualizations to serve you better. Stay tuned!

Summary

Internal Prompt
A dedicated emerging markets allocation. Seeks to provide long term growth of capital through a diversified portfolio of developing country equities with an emphasis on companies growing faster than their global peers and/or trading at substantial discount.
Price at NAV $9.94 as of 6/11/2026 (updated daily)
Fund Assets (millions) $544.6
Portfolio Managers
4
Expense Ratio
(Gross/Net %)
0.94 / 0.88%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities1.2%
Non-U.S. Equities95.1%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
3.7%
As of 5/31/2026 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class F-2 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.
EMEEX
MSCI Emerging Markets Index
VIEW LARGER CHART

High & Low Prices

Market Capitalization

87.2%
Large
12.8%
Medium
0.0%
Small
$319,920.00 Million
Weighted Average


As of 12/31/2025 (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 12/31/25 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Fund Objective
The fund's investment objective is to seek long-term capital growth.
Distinguishing Characteristics
The fund is intended to serve as a primary emerging markets portfolio allocation and seeks to offer a fully invested, pure equity solution. The fund allows minimal flexibility to investments in companies domiciled outside emerging markets up to 10% of the assets of the fund so long as a minimum of 75% of a company’s revenues or profits or assets are derived from emerging markets. The fund’s positioning will be mainly driven by bottom-up selection rather than large top-down country or sector allocation decisions. The fund seeks to deliver in-line or lower volatility, but with superior long-term security selection relative to the MSCI Emerging Markets Index.
Types of Investments
The fund invests primarily in developing country equity securities.
Portfolio Restrictions
The fund may invest no more than 10% of its assets in securities of issuers that are in a developing country that is not a Qualified Market. Qualified Markets are countries that have securities markets designated for investment by the funds investment adviser after taking into account, among other factors, market liquidity, the availability of information about the market and the impact of applicable government regulation. The fund may also invest up to 10% of its net assets in securities of issuers that are not in developing countries, provided that at least 75% of such issuers' assets are in developing countries, or such issuers derive or expect to derive at least 75% of their total revenue or profits from goods or services produced in or sales made in developing countries.

Fund Facts

Fund Inception 5/30/1986
Fund Assets (millions)
As of 5/31/2026
 $544.6
Companies/Issuers
Holdings are as of 5/31/2026 (updated monthly).
 126+
Shareholder Accounts
Shareholder accounts are as of 5/31/2026
 67
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2025) 57%
Fiscal Year-End Jun
Prospectus Date 09/01/2025
CUSIP 290886 40 7
Fund Number 36115

Returns

Internal Prompt

Month-End Returns as of 5/31/26

Returns at NAV
| With Sales Charge
Read important investment disclosures
EMEEX
MSCI Emerging Markets Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/26

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class F-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
EMEEX
MSCI Emerging Markets Index
Other AF Funds
Standard Deviation as of 05/31/2026 (updated monthly) . Annualized return as of 05/31/2026 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.33% 0.93%
Fund at MOP N/A N/A
As of 5/31/2026 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.37 8.25 14.23
MSCI Emerging Markets Index
1.90 8.20 11.80
Fund as of 12/31/25. Index as of 3/31/26.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Arthur Caye 9 21 29
Patricio Ciarfaglia 2 17 24
Saurav Jain 1 18
Samir Parekh 7 19 25
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(691)
3-yr. Morningstar RatingTM
(691 funds rated)
5-yr. Morningstar RatingTM
(625 funds rated)
10-yr. Morningstar RatingTM
(463 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Diversified Emerging Mkts
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 5/31/2026 (updated monthly).

Risk Measures

Fund
Standard Deviation
17.14
Sharpe Ratio
0.50
For the 10 Years ending 5/31/26 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI Emerging Markets Index
MSCI ACWI Ex USA NR USD
R-squared
91 80
Beta
0.94 1.02
Capture Ratio (Downside/Upside)
95/94 101/101
American Funds Benchmark for the 10 Years ending 5/31/26 (updated monthly).
Morningstar Benchmark for the 10 Years ending 5/31/26 (updated monthly).

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 37.6%
Financials 17.7%
Industrials 9.6%
Communication services 7.7%
Consumer discretionary 7.1%
Health care 4.7%
Materials 3.8%
Consumer staples 3.0%
Real estate 2.6%
Energy 2.2%
Utilities 0.3%

% of net assets as of 5/31/2026 (updated monthly)

Top Equities

TSMC
15.7%
SK hynix
9.1%
Samsung Electronics
5.8%
MediaTek
5.3%
Tencent
3.4%
NetEase
1.8%
Hana Financial Group
1.4%
PICC Property & Casualty
1.3%
International Container Terminal Services
1.3%
Alibaba Group
1.3%

% of net assets as of 5/31/2026 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
1.2%
Europe
1.3%
Asia & Pacific Basin
78.9%
Other (Including Canada & Latin America)
14.9%
Cash & equivalents
3.7%
% of net assets as of 5/31/2026 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2026

Historical Prices Year-End

Internal Prompt

Historical Distributions

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
No data available for 2025
2025 Year-to-Date: Dividends Subtotal: $0.00 Cap Gains Subtotal: $0.00
Total Distributions: $0.00

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.62%
Other Expenses 0.32%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

Gross Net
EMEEX 0.94% 0.88%
Lipper Emerging Markets Funds Average
0.98%
Fund as of most recent prospectus. Lipper Category as of 3/31/26 (updated quarterly).