Investment Fund

Share Class
Purchase Restrictions: Shares of American Funds U.S. Small and Mid Cap Equity Fund ("fund") are not offered to the public. Investments in the fund may be made only by certain institutional investors, including investment companies and certain other investment vehicles and accounts managed by the fund's investment adviser and its affiliates.

Summary

Internal Prompt
A core U.S. small and midcap fund. The fund takes a bottom-up fundamental approach to investing in U.S. companies that generally fall within the market cap range of the Russell 2500 or Russell Midcap Index.
Price at NAV $11.22 as of 9/05/2025 (updated daily)
Fund Assets (millions) $134.3
Portfolio Managers
4
Expense Ratio
(Gross/Net %)
1.14 / 0.91%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
—
1-year return
—
5-year return
—
Lifetime return (9/27/24)
-0.03%
30-Day SEC Yield
Returns as of 8/31/25 (updated monthly). Yield as of 7/31/25 (updated monthly).

Asset Mix

U.S. Equities97.0%
Non-U.S. Equities0.0%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
3.0%
As of 7/31/2025 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years.
SMDEX
Russell 2500 Index
VIEW LARGER CHART

High & Low Prices

Morningstar Ownership ZoneTM

Mid-Cap Blend
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 6/30/25 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Fund Objective
The fund’s investment objective is to seek capital appreciation.
Distinguishing Characteristics
The U.S. fund seeks capital appreciation by investing in long-term compounders including secular growers, discounted cyclicals and under-appreciated companies with a bias towards quality management and business models. The fund aims to be fully invested at all times and own solely U.S.-domiciled companies.
Types of Investments
Primarily invests in U.S. common stocks, as well as other equity-type securities and cash and equivalents.

Fund Facts

Fund Inception 9/27/2024
Fund Assets (millions)
As of 7/31/2025
 $134.3
Companies/Issuers
Holdings are as of 7/31/2025 (updated monthly).
 153+
Shareholder Accounts
Shareholder accounts are as of 7/31/2025
 1
Minimum Initial Investment $250
Capital Gains Paid
--
Fiscal Year-End Aug
Prospectus Date 09/19/2024
CUSIP 02630J 102
Fund Number 30210

Returns

Internal Prompt

Month-End Returns as of 8/31/25

Returns at NAV
| With Sales Charge
Read important investment disclosures
SMDEX
Russell 2500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/25

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 --% N/A
Fund at MOP --% -0.03%
As of 7/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.83 10.77 19.06
Russell 2500 Index
2.00 8.40 16.10
Fund as of 6/30/25. Index as of 6/30/25.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Matt Hochstetler 0 11 20
Roz Hongsaranagon 0 22
Dimitrije Mitrinovic 0 17 23
Andraz Razen 0 20 26
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(--) 		--
3-yr. Morningstar RatingTM
(-- funds rated) 		--
5-yr. Morningstar RatingTM
(-- funds rated) 		--
10-yr. Morningstar RatingTM
(-- funds rated) 		--
Overall Morningstar Risk --
Category
Mid-Cap Blend
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of -- (updated monthly).

Risk Measures

Fund
Standard Deviation
--
Sharpe Ratio
--
For the ending 8/31/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Russell 2500 Index
S&P 500 TR USD
R-squared
-- --
Beta
-- --
Capture Ratio (Downside/Upside)
--/-- --/--
American Funds Benchmark for the ending -- (updated monthly).
Morningstar Benchmark for the ending 8/31/25 (updated monthly).

Holdings

Equities Breakdown

Sectors | Top Industries
No top sectors data is available at this time.

Top Equities

US Foods
2.6%
Brown & Brown
2.3%
ROBLOX
2.1%
YUM! Brands
2.1%
United Rentals
1.9%
Victory Capital Holdings
1.9%
Fifth Third Bancorp
1.9%
RenaissanceRe Holdings
1.7%
Hilton Worldwide
1.7%
XPO
1.7%

% of net assets as of 7/31/2025 (updated monthly)

Geographic Breakdown

Regions
United States
97.0%
Cash & equivalents
3.0%
% of net assets as of 7/31/2025 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
Russell 2500 Index
United States 100.0% 99.2%

% of net assets as of 7/31/2025 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
Russell 2500 Index
United States 97.3% 99.2%
Cash & equivalents
2.7% --

% of net assets as of 7/31/2025 (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
12/20/24 12/20/24 12/23/24 $0.0151 $0.00 $0.00 $0.00 $10.01
2024 Year-to-Date: Dividends Subtotal: $0.0151 Cap Gains Subtotal: $0.00
Total Distributions: $0.0151

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.45%
Other Expenses 0.39%
Service 12b-1 0.30%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

Gross Net
SMDEX 1.14% 0.91%
Lipper Mid-Cap Funds Average
1.16%
Fund as of most recent prospectus. Lipper Category as of 6/30/25 (updated quarterly).