Investment Fund

Share Class

Summary

Internal Prompt
A flexible approach to growth-and-income investing. With an emphasis on growth over income, the strategy seeks undervalued and overlooked opportunities, investing in companies with high-quality products and leading market shares with the underappreciated potential for growth in sales, earnings and dividends.
Price at NAV $91.04 as of 3/18/2026 (updated daily)
Fund Assets (millions) $166,668.3
Portfolio Managers
9
Expense Ratio
(Gross/Net %)
0.61 / 0.61%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

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22.58%
1-year return
13.92%
5-year return
14.77%
10-year return
0.75%
30-Day SEC Yield
Returns as of 2/28/26 (updated monthly). Yield as of 2/28/26 (updated monthly).

Asset Mix

U.S. Equities75.9%
Non-U.S. Equities20.1%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
4.0%
As of 2/28/2026 (updated monthly)

Growth of 10K

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High & Low Prices

Market Capitalization

77.1%
Large
20.0%
Medium
2.9%
Small
$896,006.00 Million
Weighted Average


As of 12/31/2025 (updated quarterly). FactSet data as of 12/31/2025 (updated quarterly).

Morningstar Ownership ZoneTM

Large Blend
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 12/31/25 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Fund Objective
The fund's investment objective is to achieve long-term growth of capital and income.
Distinguishing Characteristics
With an emphasis on growth over income, the strategy seeks undervalued and overlooked opportunities. It invests in companies with high-quality products and leading market shares with the underappreciated potential for growth in sales, earnings and dividends. It has the flexibility to invest a sizeable portion of its assets outside of the U.S.
Types of Investments
The fund primarily invests in common stocks or securities convertible into common stocks, bonds, U.S. government securities and cash.
Holdings Outside the U.S.
May invest up to 35% of its assets in securities of issuers that are domiciled outside the United States.
Portfolio Restrictions
The fund may invest up to 5% of assets in debt securities rated Ba and BB or below (or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Fund Inception 8/01/1978
Fund Assets (millions)
As of 2/28/2026
 $166,668.3
Companies/Issuers
Holdings are as of 2/28/2026 (updated monthly).
 224+
Shareholder Accounts
Shareholder accounts are as of 2/28/2026
 231,168
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2025) 26%
Fiscal Year-End Dec
Prospectus Date 03/01/2026
CUSIP 360802 50 8
Fund Number 1010

Returns

Internal Prompt

Month-End Returns as of 2/28/26

Returns at NAV
| With Sales Charge
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CFNAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/25

Internal Prompt

Volatility & Return

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Equities

For Class 529-A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CFNAX
S&P 500 Index
Other AF Funds
Standard Deviation as of 02/28/2026 (updated monthly) . Annualized return as of 02/28/2026 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.63% N/A
Fund at MOP 0.61% 0.75%
As of 2/28/2026 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.63 13.76 17.88
S&P 500 Index
4.60 15.70 --
Fund as of 12/31/25. Index as of 12/31/25.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Paul Benjamin 9 20
Mark Casey 15 25
Mathews Cherian 10 22 29
Brady Enright 20 29 35
Irfan Furniturewala 7 25
Dimitrije Mitrinovic 6 18 24
Franco Tapia 4 4 20
Brant Thompson 0 18 30
Diana Wagner 8 25 31
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(1208)
3-yr. Morningstar RatingTM
(1208 funds rated)
5-yr. Morningstar RatingTM
(1120 funds rated)
10-yr. Morningstar RatingTM
(880 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Large Blend
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 2/28/2026 (updated monthly).

Risk Measures

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Fund
Standard Deviation
14.77
Sharpe Ratio
0.88
For the 10 Years ending 2/28/26 (updated monthly).
American Funds/
Morningstar Benchmark
S&P 500 TR USD
R-squared
96
Beta
0.96
Capture Ratio (Downside/Upside)
97/98
American Funds and Morningstar Benchmark for the 10 Years ending 2/28/26 (updated monthly).
Active Share
58.0%
As of 9/30/25 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 30.2%
Industrials 13.7%
Communication services 9.4%
Consumer staples 9.2%
Consumer discretionary 9.2%
Financials 8.0%
Health care 6.7%
Materials 3.3%
Energy 2.6%
Utilities 1.9%
Real estate 1.8%

% of net assets as of 2/28/2026 (updated monthly)

Top Equities

Broadcom
5.7%
Alphabet
5.3%
Microsoft
4.6%
Philip Morris International
4.2%
TSMC
3.5%
NVIDIA
3.3%
Micron Technology
2.9%
Amazon.com
2.6%
Meta Platforms
2.4%
British American Tobacco
2.3%

% of net assets as of 2/28/2026 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
75.9%
Europe
8.7%
Asia & Pacific Basin
6.3%
Other (Including Canada & Latin America)
5.1%
Cash & equivalents
4.0%
% of net assets as of 2/28/2026 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2026

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 03/18/26

FIND HISTORICAL DISTRIBUTIONS
2026
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/18/26 03/18/26 03/19/26 $0.1621 $0.00 $0.00 $0.00 $91.04
2026 Year-to-Date: Dividends Subtotal: $0.1621 Cap Gains Subtotal: $0.00
Total Distributions: $0.1621

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.24%
Other Expenses 0.14%
Service 12b-1 0.23%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CFNAX 0.61%
Lipper Growth & Income Funds Average
1.05%
Fund as of most recent prospectus. Lipper Category as of 12/31/25 (updated quarterly).