Investment Fund

Share Class

Summary

Internal Prompt
A disciplined approach to growth-and-income investing. Uses strict eligibility criteria to screen for companies across a broad array of industries with strong balance sheets and consistent dividends and seeks to be fully invested.
Price at NAV $59.52 as of 4/16/2024 (updated daily)
Fund Assets (millions) $175,906.5
Portfolio Managers
10
Expense Ratio
(Gross/Net %)
0.62 / 0.62%
Prospectus (PDF)

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
22.07%
1-year return
12.18%
5-year return
10.90%
10-year return
1.36%
30-Day SEC Yield
Returns as of 3/31/24 (updated monthly). Yield as of 3/31/24 (updated monthly).

Asset Mix

U.S. Equities91.0%
Non-U.S. Equities6.0%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
3.0%
As of 3/31/2024 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Market Capitalization

82.5%
Large
17.4%
Medium
0.2%
Small
$171,890.30 Million
Weighted Average


As of 12/31/2023 (updated quarterly). Morningstar data as of 12/31/2023 (updated quarterly).

Morningstar Ownership ZoneTM

Large Blend
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 12/31/23 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Fund Objective
The fund's investment objective is to produce income and to provide an opportunity for growth of principal consistent with sound common stock investing.
Distinguishing Characteristics
A disciplined approach to investing that uses strict eligibility criteria to screen for companies with strong balance sheets, consistent dividends, and the ability to pay a dividend. The fund seeks to be fully invested.
Types of Investments
Primarily invests in common stocks and securities convertible into common stocks.
Holdings Outside the U.S.
May invest up to 10% of its assets in companies domiciled outside the United States.

Fund Facts

Fund Inception 7/31/1952
Fund Assets (millions)
As of 2/29/2024
 $175,906.5
Companies/Issuers
Holdings are as of 3/31/2024 (updated monthly).
 185+
Shareholder Accounts
Shareholder accounts are as of 3/31/2024
 200,112
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2023) 30%
Fiscal Year-End Apr
Prospectus Date 07/01/2023
CUSIP 939330 50 2
Fund Number 1001

Returns

Internal Prompt

Month-End Returns as of 3/31/24

Returns at NAV
| With Sales Charge
Read important investment disclosures
CWMAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/24

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class 529-A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CWMAX
S&P 500 Index
Other AF Funds
Standard Deviation as of 03/31/2024 (updated monthly) . Annualized return as of 03/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.45% N/A
Fund at MOP 1.40% 1.36%
As of 3/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.46 13.07 17.61
S&P 500 Index
3.80 13.90 19.90
Fund as of 12/31/23. Index as of 12/31/23.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Aline Avzaradel 2 19 22
Alan N. Berro 25 33 38
Mark L. Casey 7 23
Irfan M. Furniturewala 8 23
Emme Kozloff 7 18 25
Jeffrey T. Lager 19 27
Jin Lee 9 27 28
Eric H. Stern 9 32 34
Diana Wagner 9 23 29
Alan J. Wilson 10 33
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(1293)
3-yr. Morningstar RatingTM
(1293 funds rated)
5-yr. Morningstar RatingTM
(1179 funds rated)
10-yr. Morningstar RatingTM
(888 funds rated)
Overall Morningstar Risk Low
HIGH
LOW
Category
Large Blend
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 3/31/2024 (updated monthly).

Risk Measures

Read important investment disclosures
Fund
Standard Deviation
13.67
Sharpe Ratio
0.75
For the 10 Years ending 3/31/24 (updated monthly).
American Funds/
Morningstar Benchmark
S&P 500 TR USD
R-squared
94
Beta
0.87
Capture Ratio (Downside/Upside)
88/88
American Funds and Morningstar Benchmark for the 10 Years ending 3/31/24 (updated monthly).
Active Share
56.6%
As of 12/31/23 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 22.2%
Health care 16.2%
Financials 16.0%
Industrials 11.4%
Consumer staples 6.9%
Consumer discretionary 6.6%
Communication services 5.3%
Energy 5.1%
Utilities 3.4%
Materials 2.5%
Real estate 1.4%

% of net assets as of 3/31/2024 (updated monthly)

Top Equities

Broadcom
6.8%
Microsoft
6.7%
Eli Lilly
2.9%
UnitedHealth Group
2.8%
Marsh & McLennan
2.4%
Comcast
2.3%
Home Depot
1.9%
Alphabet
1.9%
JPMorgan Chase
1.7%
AbbVie
1.6%

% of net assets as of 3/31/2024 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
S&P 500 Index
United States 93.8% 100.0%
Canada 1.5% 0.0%
Europe 4.7% 0.0%

% of net assets as of 3/31/2024 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
S&P 500 Index
United States 91.0% 100.0%
Canada 1.5% 0.0%
Europe 4.5% 0.0%
Cash & Equivalents
3.0% 0.0%

% of net assets as of 3/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2024

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 04/16/24

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
03/13/24 03/13/24 03/14/24 $0.1995 $0.00 $0.00 $0.00 $60.73
2024 Year-to-Date: Dividends Subtotal: $0.1995 Cap Gains Subtotal: $0.00
Total Distributions: $0.1995

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.23%
Other Expenses 0.16%
Service 12b-1 0.23%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CWMAX 0.62%
Lipper Growth & Income Funds Average
1.08%
Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly).

Resources

Prospectuses & Reports for CWMAX