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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

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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 pioneer in global small-cap investing. Seeks growth of capital by investing in some of the world’s fastest growing and most innovative companies, with market capitalizations of up to $6 billion at the time of purchase.
Price at NAV $52.60 as of 12/08/2023 (updated daily)
Fund Assets (millions) $60,197.1
Portfolio Managers
19
Expense Ratio
(Gross/Net %)
1.76 / 1.76%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities43.3%
Non-U.S. Equities50.3%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
6.5%
As of 10/31/2023 (updated monthly)

Growth of 10K

High & Low Prices

Market Capitalization

12.1%
Large
45.1%
Medium
42.8%
Small
$4,143.39 Million
Weighted Average


As of 9/30/2023 (updated quarterly). Morningstar data as of 9/30/2023 (updated quarterly).

Morningstar Ownership ZoneTM

Global Small/Mid Stock
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 9/30/23 (updated quarterly)

Description

Fund Objective
The fund's investment objective is to provide you with long-term growth of capital.
Distinguishing Characteristics
A pioneer in global small-cap investing, this strategy seeks growth of capital by investing in some of the fastest growing and most innovative companies in the world. It invests in companies with market capitalizations of up to $6 billion at the time of purchase. As one of our most research-intensive strategies, with a team of more than 100 portfolio managers and analysts based in both developed and developing markets, it takes full advantage of our global presence and insights.
Types of Investments
The fund invests primarily in common stocks, government and corporate debt, and cash and equivalents.
Holdings Outside the U.S.
There is no specific limit. Historically, the fund has invested a substantial portion of assets in the U.S. because of the number of small-cap opportunities.

Fund Facts

Fund Inception 4/30/1990
Fund Assets (millions)
As of 10/31/2023
$60,197.1
Companies/Issuers
Holdings are as of 10/31/2023 (updated monthly).
828+
Shareholder Accounts
Shareholder accounts are as of 10/31/2023
727
Regular Dividends Paid
Dec
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2023) 29%
Fiscal Year-End Sep
Prospectus Date 12/01/2023
CUSIP 831681 87 9
Fund Number 2135

Returns

Internal Prompt

Month-End Returns as of 11/30/23

Quarter-End Returns as of 9/30/23

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
RSLAX
MSCI All Country World Small Cap Index
Other AF Funds
Standard Deviation as of 11/30/2023 (updated monthly) . Annualized return as of 11/30/2023 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.00% -0.12%
Fund at MOP N/A N/A
As of 10/31/2023 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.28 9.16 16.25
MSCI All Country World Small Cap Index
1.40 5.90 12.10
Fund as of 9/30/23. Index as of 9/30/23.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Julian N. Abdey 12 21 28
Peter Eliot 11 19 28
Brady L. Enright 19 27 32
Bradford F. Freer 16 30 31
Peter Gusev 3 16 27
Leo Hee 11 19 30
M. Taylor Hinshaw 6 22 26
Roz Hongsaranagon 10 21
Akira Horiguchi 5 23 30
Shlok Melwani 5 10 19
Dimitrije M. Mitrinovic 8 16 21
Aidan O'Connell 11 19 26
Samir Parekh 9 17 23
Piyada Phanaphat 3 16 21
Andraz Razen 14 19 25
Renaud H. Samyn 5 22
Arun Swaminathan 5 12 13
Thatcher Thompson 5 17 31
Gregory W. Wendt 16 36
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(133)
3-yr. Morningstar RatingTM
(133 funds rated)
5-yr. Morningstar RatingTM
(116 funds rated)
10-yr. Morningstar RatingTM
(77 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category Global Small/Mid Stock
Ratings are based on risk-adjusted returns as of 11/30/2023 (updated monthly).

Risk Measures

Fund
Standard Deviation
17.17
Sharpe Ratio
0.36
For the 10 Years ending 11/30/23 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI All Country World Small Cap Index
MSCI ACWI NR USD
R-squared 91 84
Beta 0.95 1.07
Capture Ratio (Downside/Upside) 98/98 105/97
American Funds Benchmark for the 10 Years ending 9/30/23 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 11/30/23 (updated monthly).
American Funds
Benchmark
MSCI All Country World Small Cap Index
Active Share
83.4%
As of 9/30/23 (updated quarterly)

Holdings

Equities Breakdown

Equity Fund Holdings
Industrials 21.3%
Consumer discretionary 18.1%
Information technology 14.9%
Health care 12.7%
Financials 11.1%
Materials 3.8%
Consumer staples 3.4%
Energy 3.0%
Communication services 2.8%
Real estate 1.8%
Utilities 0.6%

% of net assets as of 10/31/2023 (updated monthly)

Top Equities

Molina Healthcare
1.2%
Saia
1.1%
TopBuild
0.9%
Ares Management
0.8%
Evolution
0.7%
Tube Investments of India
0.7%
Comfort Systems USA
0.7%
Essent Group
0.7%
Diploma
0.6%
Dollarama
0.6%

% of net assets as of 10/31/2023 (updated monthly)

Geographic Breakdown

United States
43.3%
Europe
21.9%
Asia & Pacific Basin
22.2%
Other (Including Canada & Latin America)
6.2%
Cash & equivalents
6.5%
% of net assets as of 10/31/2023 (updated monthly)

The New Geography of Investing ®

Regions Fund
MSCI All Country World Small Cap Index
United States 47.0% 51.1%
Canada 3.6% 3.4%
Europe 22.4% 16.3%
Japan 7.2% 10.5%
Asia-Pacific ex. Japan 2.6% 4.5%
Emerging Markets 17.2% 14.3%

% of net assets as of 9/30/2023 (updated quarterly)

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Small Cap Index
United States 43.6% 51.1%
Canada 3.3% 3.4%
Europe 20.8% 16.3%
Japan 6.7% 10.5%
Asia-Pacific ex. Japan 2.4% 4.5%
Emerging Markets 15.9% 14.3%
Cash & Equivalents
7.3% --

% of net assets as of 9/30/2023 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions

2022
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 2022
2022 Year-to-Date: Dividends Subtotal: $0.00 Cap Gains Subtotal: $0.00
Total Distributions: $0.00

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.61%
Other Expenses 0.15%
Service 12b-1 1.00%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RSLAX 1.76%
Lipper Global Small-/Mid-Cap Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RSLAX