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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-2 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 $50.52 as of 5/26/2023 (updated daily)
Fund Assets (millions) $64,211.9
Portfolio Managers
18
Expense Ratio
1.77%
Prospectus (PDF)

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities42.5%
Non-U.S. Equities51.2%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
6.4%
As of 4/30/2023 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Market Capitalization

12.2%
Large
44.9%
Medium
42.8%
Small
$4,133.61 Million
Weighted Average


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

Morningstar Ownership ZoneTM

Global Small/Mid Stock
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/23 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

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 4/30/2023
 $64,211.9
Companies/Issuers
Holdings are as of 3/31/2023 (updated quarterly).
 843+
Shareholder Accounts
Shareholder accounts are as of 4/30/2023
 28,606
Regular Dividends Paid
Dec
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2022) 32%
Fiscal Year-End Sep
Prospectus Date 12/01/2022
CUSIP 831681 86 1
Fund Number 2235

Returns

Internal Prompt

Month-End Returns as of 4/30/23

Returns at NAV
| With Sales Charge
Read important investment disclosures
RSLBX
MSCI All Country World Small Cap Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/23

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class R-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
RSLBX
MSCI All Country World Small Cap Index
Other AF Funds
Standard Deviation as of 04/30/2023 (updated monthly) . Annualized return as of 04/30/2023 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.00% -0.99%
Fund at MOP N/A N/A
As of 4/30/2023 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.44 9.02 17.86
MSCI All Country World Small Cap Index
1.40 5.20 12.00
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
Julian N. Abdey 11 20 27
Michael Beckwith 3 4 21
Peter Eliot 10 18 27
Brady L. Enright 18 26 31
Bradford F. Freer 15 29 30
Leo Hee 10 18 29
Roz Hongsaranagon 9 20
Jonathan Knowles 23 31
Harold H. La 10 24 25
Shlok Melwani 4 9 18
Dimitrije M. Mitrinovic 7 15 20
Aidan O'Connell 10 18 25
Samir Parekh 8 16 22
Andraz Razen 13 18 24
Renaud H. Samyn 4 21
Arun Swaminathan 4 11 12
Thatcher Thompson 4 16 30
Gregory W. Wendt 15 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(136)
3-yr. Morningstar RatingTM
(136 funds rated)
5-yr. Morningstar RatingTM
(111 funds rated)
10-yr. Morningstar RatingTM
(71 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Global Small/Mid Stock
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 4/30/2023 (updated monthly).

Risk Measures

Read important investment disclosures
Fund
Standard Deviation
16.73
Sharpe Ratio
0.45
For the 10 Years ending 4/30/23 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
MSCI All Country World Small Cap Index
MSCI ACWI NR USD
R-squared
91 83
Beta
0.95 1.05
Capture Ratio (Downside/Upside)
98/100 99/97
American Funds Benchmark for the 10 Years ending 3/31/23 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 4/30/23 (updated monthly).
American Funds
Benchmark
MSCI All Country World Small Cap Index
Active Share
83.8%
As of 3/31/23 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Industrials 21.4%
Consumer discretionary 17.4%
Information technology 15.2%
Health care 13.6%
Financials 10.5%
Materials 4.1%
Consumer staples 3.5%
Energy 3.0%
Communication services 2.6%
Real estate 1.8%
Utilities 0.9%

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

Top Equities

Evolution
1.0%
Molina Healthcare
1.0%
Saia
1.0%
Insulet
0.9%
TopBuild
0.9%
Ares Management
0.7%
IMCD NV
0.6%
Floor & Decor Holdings
0.6%
Comfort Systems USA
0.6%
Tube Investments of India
0.6%

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

Geographic Breakdown

Regions | Top Countries
United States
42.8%
Europe
23.4%
Asia & Pacific Basin
21.3%
Other (Including Canada & Latin America)
6.4%
Cash & equivalents
6.0%
% of net assets as of 3/31/2023 (updated quarterly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
MSCI All Country World Small Cap Index
United States 45.5% 51.0%
Canada 3.6% 3.6%
Europe 23.5% 17.5%
Japan 7.7% 10.2%
Asia-Pacific ex. Japan 2.8% 4.8%
Emerging Markets 16.8% 12.9%

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

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Small Cap Index
United States 42.8% 51.0%
Canada 3.4% 3.6%
Europe 22.1% 17.5%
Japan 7.3% 10.2%
Asia-Pacific ex. Japan 2.6% 4.8%
Emerging Markets 15.8% 12.9%
Cash & Equivalents
6.0% --

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

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2023

Historical Prices Year-End

Internal Prompt

Historical Distributions

FIND 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 0.41%
Service 12b-1 0.75%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RSLBX 1.77%
Lipper Global Small-/Mid-Cap Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RSLBX