Investment Fund

Share Class
Purchase Restrictions: Class R-1 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

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 $53.37 as of 5/16/2025 (updated daily)
Fund Assets (millions) $33,752.1
Portfolio Managers
7
Expense Ratio
(Gross/Net %)
1.49 / 1.49%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities73.5%
Non-U.S. Equities21.2%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
5.3%
As of 4/30/2025 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Market Capitalization

79.5%
Large
14.0%
Medium
6.5%
Small
$617,655.00 Million
Weighted Average


As of 3/31/2025 (updated quarterly). FactSet data as of 3/31/2025 (updated quarterly).

Morningstar Ownership ZoneTM

Global Large-Stock Growth
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/25 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

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 4/30/2025
 $33,752.1
Companies/Issuers
Holdings are as of 4/30/2025 (updated monthly).
 196+
Shareholder Accounts
Shareholder accounts are as of 4/30/2025
 317
Regular Dividends Paid
Dec
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2024) 36%
Fiscal Year-End Nov
Prospectus Date 02/01/2025
CUSIP 643822 87 7
Fund Number 2114

Returns

Internal Prompt

Month-End Returns as of 4/30/25

Returns at NAV
| With Sales Charge
Read important investment disclosures
RNGAX
MSCI All Country World Index (ACWI)
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/25

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class R-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
RNGAX
MSCI All Country World Index (ACWI)
Other AF Funds
Standard Deviation as of 04/30/2025 (updated monthly) . Annualized return as of 04/30/2025 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.00% -0.50%
Fund at MOP N/A N/A
As of 4/30/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 4.61 10.37 21.22
MSCI All Country World Index (ACWI)
2.80 11.60 17.70
Fund as of 3/31/25. Index as of 3/31/25.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Paul Benjamin 2 19
Mathews Cherian 6 21 28
Tomoko Fortune 5 6 26
Caroline Jones 8 21 27
Harold H. La 19 26
Lara Pellini 4 23
Richmond Wolf 6 19
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(325)
3-yr. Morningstar RatingTM
(325 funds rated)
5-yr. Morningstar RatingTM
(279 funds rated)
10-yr. Morningstar RatingTM
(195 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Global Large-Stock Growth
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 4/30/2025 (updated monthly).

Risk Measures

Read important investment disclosures
Fund
Standard Deviation
16.12
Sharpe Ratio
0.51
For the 10 Years ending 4/30/25 (updated monthly).
American Funds/
Morningstar Benchmark
MSCI ACWI NR USD
R-squared
86
Beta
1.01
Capture Ratio (Downside/Upside)
101/103
American Funds and Morningstar Benchmark for the 10 Years ending 4/30/25 (updated monthly).
Active Share
66.7%
As of 3/31/25 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 34.9%
Health care 16.0%
Financials 11.8%
Consumer discretionary 11.5%
Industrials 10.3%
Communication services 7.6%
Consumer staples 1.1%
Energy 0.9%
Materials 0.5%
Utilities 0.1%

% of net assets as of 4/30/2025 (updated monthly)

Top Equities

Broadcom
5.5%
Microsoft
5.2%
TSMC
3.9%
Amazon.com
3.9%
NVIDIA
3.0%
Meta Platforms
3.0%
Eli Lilly
2.8%
Alphabet
2.6%
MercadoLibre
2.5%
SK hynix
2.2%

% of net assets as of 4/30/2025 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
73.5%
Europe
8.6%
Asia & Pacific Basin
9.7%
Other (Including Canada & Latin America)
2.8%
Cash & equivalents
5.3%
% of net assets as of 4/30/2025 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
MSCI All Country World Index (ACWI)
United States 77.6% 63.7%
Canada 1.5% 2.9%
Europe 9.2% 15.6%
Japan 1.8% 5.1%
Asia-Pacific ex. Japan 0.2% 2.4%
Emerging Markets 9.7% 10.4%

% of net assets as of 4/30/2025 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Index (ACWI)
United States 73.5% 63.7%
Canada 1.4% 2.9%
Europe 8.8% 15.6%
Japan 1.7% 5.1%
Asia-Pacific ex. Japan 0.2% 2.4%
Emerging Markets 9.1% 10.4%
Cash & Equivalents
5.3% --

% of net assets as of 4/30/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/27/25

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
12/17/24 12/17/24 12/18/24 $0.00 $0.00 $5.8623 $0.00 $54.46
2024 Year-to-Date: Dividends Subtotal: $0.00 Cap Gains Subtotal: $5.8623
Total Distributions: $5.8623

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.37%
Other Expenses 0.13%
Service 12b-1 0.99%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RNGAX 1.49%
Lipper Global Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).