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中國香港特別行政區

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

Investment Fund

SM

Share Class
Purchase Restrictions: Class R-2 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
Dividend investing in the developing world. Balances long-term growth of capital and current income, with the potential to reduce the effects of volatility typically associated with emerging markets investing.
Price at NAV $10.02 as of 6/06/2023 (updated daily)
Fund Assets (millions) $2,099.1
Portfolio Managers
6
Expense Ratio
1.92%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities1.9%
Non-U.S. Equities92.8%
U.S. Bonds0.0%
Non-U.S. Bonds0.2%
Cash & Equivalents
5.1%
As of 4/30/2023 (updated monthly)

Growth of 10K

High & Low Prices

Market Capitalization

77.5%
Large
19.2%
Medium
3.3%
Small
$24,175.30 Million
Weighted Average


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

Morningstar Ownership ZoneTM

Diversified Emerging Mkts
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/23 (updated quarterly)

Description

Fund Objective
The fund's investment objective is to provide long-term growth of capital while providing current income.
Distinguishing Characteristics
Invests primarily in developing world companies that have potential for growth and the capacity to pay dividends. By balancing long-term growth of capital and current income, the strategy seeks to reduce the effects of volatility typically associated with emerging markets investing.
Types of Investments
The fund will invest at least 80% of assets in securities that are: 1) issued by companies in developing countries; 2) principally traded in the securities markets of developing countries; 3) denominated in developing-country currencies; or 4) issued by companies deemed suitable for investment because they have significant economic exposure to developing countries.

Fund Facts

Fund Inception 2/03/2014
Fund Assets (millions)
As of 4/30/2023
$2,099.1
Companies/Issuers
Holdings are as of 3/31/2023 (updated quarterly).
133+
Shareholder Accounts
Shareholder accounts are as of 4/30/2023
1,047
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2022) 45%
Fiscal Year-End Nov
Prospectus Date 02/01/2023
CUSIP 02630F 85 2
Fund Number 22100

Returns

Internal Prompt

Month-End Returns as of 5/31/23

Quarter-End Returns as of 3/31/23

Internal Prompt

Volatility & Return

Read important investment disclosures

Volatility & Return chart is not available for funds less than 10 years old.

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.49% 0.27%
Fund at MOP N/A N/A
As of 4/30/2023 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 1.50 6.20 10.65
MSCI Emerging Markets Index
1.40 5.50 12.20
Fund as of 3/31/23. Index as of 3/31/23.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Arthur Caye 1 19 29
Noriko Honda Chen 9 24 32
Saurav Jain 4 16
Victor D. Kohn 4 37 38
F. Chapman Taylor 9 29 32
Lisa Thompson 1 29 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(734)
3-yr. Morningstar RatingTM
(734 funds rated)
5-yr. Morningstar RatingTM
(656 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
--
Overall Morningstar Risk Below Average
HIGH
LOW
Category Diversified Emerging Mkts
Ratings are based on risk-adjusted returns as of 5/31/2023 (updated monthly).

Risk Measures

Fund
Standard Deviation
18.77
Sharpe Ratio
-0.04
For the 5 Years ending 5/31/23 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI Emerging Markets Index
MSCI ACWI Ex USA NR USD
R-squared 91 87
Beta 0.94 1.01
Capture Ratio (Downside/Upside) 96/91 106/93
American Funds Benchmark for the 5 Years ending 3/31/23 (updated quarterly).
Morningstar Benchmark for the 5 Years ending 5/31/23 (updated monthly).
American Funds
Benchmark
MSCI Emerging Markets Index
Active Share
80.7%
As of 3/31/23 (updated quarterly)

Holdings

Equities Breakdown

Equity Fund Holdings
Financials 24.1%
Communication services 14.6%
Health care 9.9%
Consumer discretionary 9.8%
Information technology 9.3%
Consumer staples 7.2%
Industrials 6.2%
Energy 4.1%
Utilities 4.1%
Materials 3.7%
Real estate 1.9%

% of net assets as of 3/31/2023 (updated quarterly)

Top Equities

TSMC
4.6%
Ping An Insurance
3.6%
BeiGene
2.8%
NetEase
2.8%
TIM
2.5%
Hengrui Medicine
2.3%
AIA Group
2.3%
Hana Financial Group
2.2%
TotalEnergies
2.0%
Hypera SA
1.9%

% of net assets as of 4/30/2023 (updated monthly)

Geographic Breakdown

United States
1.9%
Europe
7.2%
Asia & Pacific Basin
64.8%
Other (Including Canada & Latin America)
21.1%
Cash & equivalents
4.9%
% of net assets as of 3/31/2023 (updated quarterly)

The New Geography of Investing ®

Regions Fund
MSCI Emerging Markets Index
United States 2.0% 0.0%
Canada 0.8% 0.0%
Europe 7.0% 0.0%
Japan 1.6% 0.0%
Asia-Pacific ex. Japan 6.9% 0.0%
Emerging Markets 81.6% 100.0%

% of net assets as of 3/31/2023 (updated quarterly)

Fund Breakdown by Domicile

Regions Fund
MSCI Emerging Markets Index
United States 1.9% 0.0%
Canada 0.8% 0.0%
Europe 6.7% 0.0%
Japan 1.5% 0.0%
Asia-Pacific ex. Japan 6.5% 0.0%
Emerging Markets 77.5% 100.0%
Cash & Equivalents
4.9% --
Fixed Income 0.2% --

% of net assets as of 3/31/2023 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/26/23

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
06/24/22 06/24/22 06/27/22 $0.0118 $0.00 $0.00 $0.00 $9.33
09/23/22 09/23/22 09/26/22 $0.0066 $0.00 $0.00 $0.00 $8.59
12/20/22 12/20/22 12/21/22 $0.0305 $0.00 $0.00 $0.00 $9.25
2022 Year-to-Date: Dividends Subtotal: $0.0489 Cap Gains Subtotal: $0.00
Total Distributions: $0.0489

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.65%
Other Expenses 0.52%
Service 12b-1 0.75%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RDWBX 1.92%
Lipper Emerging Markets Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RDWBX