Investment Fund

Share Class
Purchase Restrictions: Class 529-F-2 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

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 $68.71 as of 4/15/2024 (updated daily)
Fund Assets (millions) $269,080.6
Portfolio Managers
13
Expense Ratio
(Gross/Net %)
0.41 / 0.41%
Prospectus (PDF)

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities86.2%
Non-U.S. Equities8.9%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
4.9%
As of 3/31/2024 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Market Capitalization

77.3%
Large
20.2%
Medium
2.5%
Small
$162,764.93 Million
Weighted Average


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

Morningstar Ownership ZoneTM

Large Growth
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 12/31/23 (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 2/29/2024
 $269,080.6
Companies/Issuers
Holdings are as of 3/31/2024 (updated monthly).
 311+
Shareholder Accounts
Shareholder accounts are as of 3/31/2024
 59,403
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 31%
Fiscal Year-End Aug
Prospectus Date 11/01/2023
CUSIP 399874 742
Fund Number 1605

Returns

Internal Prompt

Month-End Returns as of 3/31/24

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

Quarter-End Returns as of 3/31/24

Internal Prompt

Volatility & Return

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Equities

For Class 529-F-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
FAFGX
S&P 500 Index
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 0.69% 0.50%
Fund at MOP N/A N/A
As of 3/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 4.79 13.83 22.35
S&P 500 Index
3.80 13.90 19.90
Fund as of 12/31/23. 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
Julian N. Abdey 4 21 28
Christopher D. Buchbinder 10 28
Mark L. Casey 11 23
J. Blair Frank 22 29 30
Roz Hongsaranagon 4 21
Carl M. Kawaja 13 32 36
Aidan O'Connell 4 20 29
Donald D. O'Neal 30 38
Anne-Marie Peterson 11 19 29
Andraz Razen 5 19 25
Martin Romo 13 31
Eric H. Stern 5 32 34
Alan J. Wilson 11 33
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(1111)
3-yr. Morningstar RatingTM
(1111 funds rated)
5-yr. Morningstar RatingTM
(1037 funds rated)
10-yr. Morningstar RatingTM
(807 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Large Growth
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 3/31/2024 (updated monthly).

Risk Measures

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Fund
Standard Deviation
16.59
Sharpe Ratio
0.74
For the 10 Years ending 3/31/24 (updated monthly).
American Funds/
Morningstar Benchmark
S&P 500 TR USD
R-squared
91
Beta
1.04
Capture Ratio (Downside/Upside)
106/104
American Funds and Morningstar Benchmark for the 10 Years ending 3/31/24 (updated monthly).
Active Share
53.3%
As of 12/31/23 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 25.1%
Consumer discretionary 15.7%
Industrials 12.6%
Health care 12.5%
Communication services 12.1%
Financials 9.1%
Energy 2.9%
Materials 2.3%
Consumer staples 2.0%
Utilities 0.6%
Real estate 0.2%

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

Top Equities

Microsoft
6.2%
Meta Platforms
5.4%
Alphabet
3.7%
Amazon.com
3.6%
Broadcom
3.6%
NVIDIA
2.6%
Eli Lilly
2.2%
General Electric
1.9%
Netflix
1.9%
Mastercard Inc
1.7%

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

Geographic Breakdown

Regions | Top Countries
United States
86.2%
Europe
4.8%
Asia & Pacific Basin
1.6%
Other (Including Canada & Latin America)
2.5%
Cash & equivalents
4.9%
% of net assets as of 3/31/2024 (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 90.6% 100.0%
Canada 2.4% 0.0%
Europe 5.2% 0.0%
Japan 0.0% 0.0%
Asia-Pacific ex. Japan 0.0% 0.0%
Emerging Markets 1.7% 0.0%

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

Fund Breakdown by Domicile

Regions Fund
S&P 500 Index
United States 86.2% 100.0%
Canada 2.3% 0.0%
Europe 4.9% 0.0%
Japan 0.0% 0.0%
Asia-Pacific ex. Japan 0.0% 0.0%
Emerging Markets 1.7% 0.0%
Cash & Equivalents
4.9% 0.0%

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

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2024

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/25/24

FIND HISTORICAL DISTRIBUTIONS
2023
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/15/23 12/15/23 12/18/23 $0.5174 $0.00 $4.301 $0.00 $62.10
2023 Year-to-Date: Dividends Subtotal: $0.5174 Cap Gains Subtotal: $4.301
Total Distributions: $4.8184

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.26%
Other Expenses 0.15%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

FAFGX 0.41%
Lipper Large-Cap Growth Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for FAFGX