American Funds®



Share Class


International growth with a dividend focus. Invests primarily in established dividend-paying companies outside the United States. Typically has a greater international focus than Capital World Growth and Income Fund.
Price at NAV $33.17
as of 02/27/2015 (updated daily)
Fund Assets (millions) $9,786.0 Portfolio Managers 3 Expense Ratio 0.91% Prospectus (PDF)

Asset Mix

U.S. Equities1.1%
Non-U.S. Equities87.1%
U.S. Bonds0.9%
Non-U.S. Bonds1.0%
Cash & Equivalents9.9%

As of 1/31/2015 (updated monthly).
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2014.
MSCI All Country World Index (ACWI) ex USA

Market Capitalization

$25,967.61 Million
Weighted Average

As of 12/31/2014 (updated quarterly). Morningstar data as of 12/31/2014 (updated quarterly).

Morningstar Ownership ZoneTM

Foreign Large Blend
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 12/31/14 (updated quarterly)


Fund Objective
The fund's investment objective is to provide long-term growth of capital while providing current income.
Distinguishing Characteristics
The fund invests primarily in companies outside the U.S. with the potential for growth and dividend income.
Types of Investments
Primarily common stocks and equity-type securities as well as some fixed-income securities.
Portfolio Restrictions
Generally will invest at least 90% of its assets in securities of companies outside the U.S.

Fund Facts

Fund Inception 10/01/2008
Fund Assets (millions)
As of 1/31/2015 (updated monthly).
Holdings are as of 6/30/2014 (updated as of most recent fiscal year-end).
Shareholder Accounts
Shareholder accounts are as of 1/31/2015 (updated monthly).
Regular Dividends Paid Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid Dec
Portfolio Turnover (2014) 29%
Fiscal Year-End Jun
Prospectus Date 08/29/2014
CUSIP 45956T 10 5
Fund Number 34


Returns at NAV | With Sales Charge
MSCI All Country World Index (ACWI) ex USA

Volatility & Return

Volatility & Return chart is not available for funds less than 10 years old.


12-month Annualized
Distribution Rates
30-day SEC Yield
Fund at NAV 3.50% N/A
Fund at MOP 3.31% 2.04%
As of 01/31/2015 (updated monthly).


Price/ Price/ Price/
Book Cash Flow Earnings
Fund 1.66 5.24 14.28
MSCI All Country World Index (ACWI) ex USA 1.51 5.21 14.66
Fund as of 12/31/14 (updated quarterly). Index as of 1/31/15 (updated quarterly).

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Carl M. Kawaja 27 23 6
Andrew B. Suzman 21 21 6
Steven T. Watson 27 25 6
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Overall Morningstar RatingTM
Funds rated (643)
3-yr. Morningstar RatingTM
(643 funds rated)
5-yr. Morningstar RatingTM
(576 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
Overall Morningstar Risk Low
Category Foreign Large Blend
Ratings are based on risk-adjusted returns as of 1/31/2015 (updated monthly).

Risk Measures

For the 5 Years ending 1/31/15 (updated monthly). R-squared, Beta and Capture Ratio calculated using the MSCI ACWI Ex USA NR USD.

Standard Deviation 14.49
Sharpe Ratio 0.56
R-squared 95
Beta 0.87
Capture Ratio (Downside/Upside) 85/96


Equities Breakdown

Equity Fund Holdings
Financials 26.6%
Consumer discretionary 8.7%
Industrials 7.6%
Energy 7.5%
Information technology 7.2%
Telecommunication services 7.0%
Materials 5.9%
Consumer staples 5.9%
Utilities 5.6%
Health care 5.3%

% of net assets as of 12/31/2014 (updated quarterly).

Top Equities

Sun Hung Kai Properties
Royal Dutch Shell
Power Assets Holdings
British American Tobacco

% of net assets as of 1/31/2015 (updated monthly).

Geographic Breakdown

United States
Asia & Pacific Basin
Other (Including Canada & Latin America)
Cash & equivalents
% of net assets as of 12/31/2014 (updated quarterly).

Prices & Distributions


Pay Date
Income Dividend
Income Dividend
Cap. Gains
Cap. Gains
Reinvest NAV
03/14/14 03/14/14 03/17/14 $0.44 $0.00 $0.00 $0.00 $34.22
06/24/14 06/24/14 06/25/14 $0.35 $0.00 $0.00 $0.00 $36.42
09/17/14 09/17/14 09/18/14 $0.187 $0.00 $0.00 $0.00 $35.15
12/19/14 12/19/14 12/22/14 $0.168 $0.00 $0.974 $0.00 $31.99
2014 Year-to-Date:
Dividends Subtotal: $1.145
Cap Gains Subtotal: $0.974
Total Distributions: $2.119

Fees & Expenses


Annual Management Fees 0.50%
Other Expenses 0.17%
Service 12b-1 0.24%
As of each fund's most recent prospectus.

Expense Ratio

Fund 0.91%
Lipper International Funds Average 1.41%


Prospectuses & Reports for IGAAX

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely.

Returns shown at net asset value (NAV) have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns with sales charge for Class A shares reflect payment of the 5.75% maximum sales charge.

View the funds' current expense ratios and month-end results.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

There may have been periods when the fund has lagged the index or indexes. Certain market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.

Funds are actively managed, so holdings will change.

When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund. View results and yields without fee waiver and/or expense reimbursement.

  1. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by American Funds.
  2. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  3. Expense ratios are as of the most recent prospectus.
  4. Source for Lipper expense ratio comparison: Lipper, based on front-end load funds, excluding funds of funds, for the most recent fiscal year-ends available as of 12/31/2014.
  5. Excludes certain securities in initial period of acquisition.
  6. Lipper ratings for Consistent Return reflect funds’ historical risk-adjusted returns at NAV, adjusted for volatility, relative to peers. Lipper ratings for Expense reflect funds’ expense minimization relative to peers with similar load structures. Lipper ratings for Preservation reflect funds’ historical loss avoidance relative to other funds within the same asset class. Preservation ratings are relative, rather than absolute, measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity funds than for fixed income funds. Lipper ratings for Tax Efficiency reflect funds’ historical success in postponing taxable distributions relative to peers. Tax Efficiency offers no benefit to investors in tax-sheltered accounts such as 401(k) plans. Lipper ratings for Total Return reflect funds’ historical total return performance relative to peers. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return, Preservation, Tax Efficiency, and Expense metrics. The highest 20% of funds in each classification are named Lipper Leaders for Total Return, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at Lipper Leader © 2015, Thomson Reuters, All Rights Reserved.
  7. Morningstar Rating™ for Funds: For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Ratings metrics. Past results are not guarantee of results in future periods. Morningstar Rating is for Class A only; other classes may have different performance characteristics.
  8. The Morningstar Ownership Zone™ provides detail about a portfolio's equity investment style by showing the range of stock sizes and styles. A portfolio's Ownership Zone™ is derived by plotting each stock in the fund's portfolio within the proprietary Morningstar Style Box™. The shaded area represents the center 75% of the fund's assets, and it provides an intuitive visual representation of the area of the market in which the fund invests. A "centroid" plot in the middle of the Ownership Zone represents the weighted average of all the fund's holdings. A fund that is concentrated will have a small ownership zone relative to the area of the style box, and broadly diversified fund will have an ownership zone that stretches across many sizes and style. Over a period of time, the shape and location of a fund's ownership zone may vary.
  9. The portfolio managers shown are as of the fund's most recent prospectus dated  08/29/2014.
  10. YTD (year-to-date return): the net change in the value of the fund's shares (in percentage terms) from January 1, 2014, to the current date shown above.
  11. Investment results assume all distributions are reinvested and reflect applicable fees and expenses. 
  12. The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities while the distribution rate reflects the fund’s past dividends paid to shareholders. Accordingly, the SEC yield and distribution rate may differ.

©2015 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor the American Funds are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by American Funds.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries.

For more information about the risks associated with each fund, go to its detailed fund information page or read the prospectus.

Terms and Definitions

Historical Long-Term Capital Gains: When a capital gain distribution is paid, the net asset value per share is reduced by the amount of the payment plus or minus any change in the value of the fund's holdings. Read our explanation of the effect of a capital gain on a fund's price for details. Two types of capital gains are realized by our funds — short-term and long-term. Net short-term capital gains are distributed to shareholders as income dividends and are taxed at ordinary income tax rates. Long-term capital gain distributions are taxed at a maximum 15% rate.

Valuation : Price-to-book ratio compares a stock's market value to the value of total assets less total liabilities (book value). Adjusted for stock splits. Price-to-cash-flow (P/C) ratio is the average price to cash flow ratio of the individual stocks within a fund. Price-to-earnings (P/E) ratio takes the current price of a stock divided by its earnings per share. The ratio reflects the cost of a given stock per dollar of current annual earnings and is the most common measure of a stock's expense. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting.

Valuation Price-to-Cash Flow: Price-to-cash-flow (P/C) ratio is the average price to cash flow ratio of the individual stocks within a fund.

Valuation Price-to-Earnings Ratio: Price-to-earnings (P/E) ratio takes the current price of a stock divided by its earnings per share. The ratio reflects the cost of a given stock per dollar of current annual earnings and is the most common measure of a stock's expense. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting.

Morningstar rating : In an effort to classify funds by what they own, as well as by their prospectus objectives and styles, Morningstar developed Morningstar Categories. While the prospectus objective identifies a fund's investment goals based on the wording in the fund prospectus, the Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio and other statistics over the past three years).

Standard Deviation: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility.

Sharpe Ratio: Sharpe ratios use standard deviation and excess return to determine reward per unit of risk. The higher the number, the better the portfolio's historical risk-adjusted performance.

R-Squared: R-squared is a measure of the correlation between a particular fund's return and that of its benchmark index. A measure of 100 indicates that all of the fund's return can be explained by movements in its benchmark. Generally the higher the R-squared measure, the more reliable the beta measurement will be. Calculated by Morningstar.

Beta: Beta relatively measures a fund's sensitivity to market movements over a specified period of time. The beta of the market (represented by the benchmark index) is equal to 1; a beta higher than 1 implies that a fund's return was more volatile than the market. A beta lower than 1 suggests that the fund was less volatile than the market. Generally the higher the R-squared measure, the more reliable the beta measurement will be.

Capture Ratio Downside: Capture ratios reflect the annualized product of fund vs. index returns for all months in which the index had a positive return (upside capture) or negative return (downside capture).

Currency Weighting Short Breakdown: The fund's exposure to a specific currency before taking into consideration any forward currency contracts that may increase or decrease that currency's exposure.

MSCI All Country World ex USA: MSCI All Country World ex USA Index is a free float-adjusted market capitalization weighted index that is designed to measure results of more than 40 developed and emerging equity markets, excluding the United States. Results reflect dividends gross of withholding taxes through December 31, 2000, and dividends net of withholding taxes thereafter.