The fund’s investment objective is to provide you with long-term growth of capital.

This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. For example, in addition to the fees and expenses described below, you may also be required to pay brokerage commissions on purchases and sales of Class F-2, F-3, 529-F-2 or 529-F-3 shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in American Funds, Capital Group KKR Public-Private+ Funds, and/or Emerging Markets Equities Fund, Inc. (collectively “Capital Group Funds”) ($250,000 for Class 529-A shares). More information about these and other discounts is available from your financial professional, in the “Sales charge reductions and waivers” sections on page 33 of the prospectus and on page 71 of the fund’s statement of additional information, and in the sales charge waiver appendix to the prospectus.


Shareholder fees (fees paid directly from your investment)
Share class:	A	529-A	C and 529-C	529-E	T and 529-T	All F and 529-F share classes	All R share classes
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	5.75%	3.50%	none	none	2.50%	none	none
Maximum deferred sales charge (load) (as a percentage of the amount redeemed)	1.00*	1.00*	1.00%	none	none	none	none
Maximum sales charge (load) imposed on reinvested dividends	none	none	none	none	none	none	none
Redemption or exchange fees	none	none	none	none	none	none	none


Annual fund operating expenses (expenses that you pay each year as a percentage of the net asset value of your investment)
Share class:	A	C	T	F-1	F-2	F-3	529-A
Management fees	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%
Distribution and/or service (12b-1) fees	0.24	1.00	0.25	0.25	none	none	0.22
Other expenses	0.11	0.11	0.11	0.16	0.15	0.04	0.16
Total annual fund operating expenses	0.71	1.47	0.72	0.77	0.51	0.40	0.74


Share class:	529-C	529-E	529-T	529-F-1	529-F-2	529-F-3	R-1
Management fees	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%
Distribution and/or service (12b-1) fees	0.99	0.49	0.25	0.25	none	none	1.00
Other expenses	0.16	0.13	0.15	0.22	0.14	0.09	0.13
Total annual fund operating expenses	1.51	0.98	0.76	0.83	0.50	0.45	1.49


Share class:	R-2	R-2E	R-3	R-4	R-5E	R-5	R-6
Management fees	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%	0.36%
Distribution and/or service (12b-1) fees	0.75	0.60	0.50	0.25	none	none	none
Other expenses	0.38	0.24	0.19	0.14	0.19	0.09	0.04
Total annual fund operating expenses	1.49	1.20	1.05	0.75	0.55	0.45	0.40

* A contingent deferred sales charge of 1.00% applies on certain redemptions made within 18 months following purchases of $1 million or more made without an initial sales charge. Contingent deferred sales charge is calculated based on the lesser of the offering price and market value of shares being sold.

This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same. You may be required to pay brokerage commissions on your purchases and sales of Class F-2, F-3, 529-F-2 or 529-F-3 shares of the fund, which are not reflected in the example.


Share class:	A	C	T	F-1	F-2	F-3	529-A	529-C	529-E	529-T	529-F-1	529-F-2	529-F-3	R-1
1 year	$643	$250	$322	$79	$52	$41	$423	$254	$100	$326	$85	$51	$46	$152
3 years	789	465	474	246	164	128	578	477	312	487	265	160	144	471
5 years	947	803	641	428	285	224	747	824	542	662	460	280	252	813
10 years	1,407	1,551	1,122	954	640	505	1,236	1,312	1,201	1,169	1,025	628	567	1,779


Share class:	R-2	R-2E	R-3	R-4	R-5E	R-5	R-6	For the share classes listed to the right, you would pay the following if you did not redeem your shares:	Share class:	C	529-C
1 year	$152	$122	$107	$77	$56	$46	$41		1 year	$150	$154
3 years	471	381	334	240	176	144	128		3 years	465	477
5 years	813	660	579	417	307	252	224		5 years	803	824
10 years	1,779	1,455	1,283	930	689	567	505		10 years	1,551	1,312


Share class:	R-2	R-2E	R-3	R-4	R-5E	R-5	R-6	For the share classes listed to the right, you would pay the following if you did not redeem your shares:	Share class:	C	529-C
1 year	$152	$122	$107	$77	$56	$46	$41		1 year	$150	$154
3 years	471	381	334	240	176	144	128		3 years	465	477
5 years	813	660	579	417	307	252	224		5 years	803	824
10 years	1,779	1,455	1,283	930	689	567	505		10 years	1,551	1,312

The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s investment results. During the most recent fiscal year, the fund’s portfolio turnover rate was 23% of the average value of its portfolio.

The fund seeks to take advantage of investment opportunities generated by changes in global trade patterns and economic and political relationships by investing in common stocks of companies located around the world.

In pursuing its investment objective, the fund invests primarily in common stocks that the investment adviser believes have the potential for growth.

The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively valued companies that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

The following bar chart shows how the fund’s investment results have varied from year to year, and the following table shows how the fund’s average annual total returns for various periods compare with a broad measure of securities market results and, if applicable, other measures of market results that reflect the fund’s investment universe. This information provides some indication of the risks of investing in the fund. Past investment results (before and after taxes) are not predictive of future investment results. Prior to October 30, 2020, certain fees, such as 12b-1 fees, were not charged on Class 529-F-1 shares. If these expenses had been deducted, results would have been lower. Updated information on the fund’s investment results can be obtained by visiting capitalgroup.com.

Calendar year total returns for Class F-2 shares (Class F-2 shares are not subject to sales charges.)

Highest/Lowest quarterly results during this period were:

Highest 23.86% (quarter ended June 30, 2020)

Lowest -18.99% (quarter ended June 30, 2022)

The fund's total return for the nine months ended September 30, 2025, was 18.58%.


Average annual total returns For the periods ended December 31, 2024:
Share class	Inception date	1 year	5 years	10 years	Lifetime
F-2 − Before taxes	8/1/2008	17.01%	11.36%	11.35%	10.01%
− After taxes on distributions		15.60	10.00	9.98	N/A
− After taxes on distributions and sale of fund shares		11.09	8.90	9.06	N/A


Share classes (before taxes)	Inception date	1 year	5 years	10 years	Lifetime
A (with maximum sales charge)	3/13/1973	10.08%	9.81%	10.46%	12.03%
C	3/15/2001	14.90	10.29	10.43	8.83
F-1	3/15/2001	16.71	11.06	11.05	9.08
F-3	1/27/2017	17.13	11.48	N/A	12.85
529-A (with maximum sales charge)	2/15/2002	12.64	10.29	10.66	9.54
529-C	2/15/2002	14.86	10.24	10.63	9.50
529-E	3/1/2002	16.44	10.82	10.79	9.33
529-F-1	9/17/2002	16.95	11.28	11.28	11.04
529-F-2	10/30/2020	17.03	N/A	N/A	11.01
529-F-3	10/30/2020	17.07	N/A	N/A	11.06
R-1	6/17/2002	15.90	10.27	10.25	9.14
R-2	5/21/2002	15.88	10.26	10.25	8.83
R-2E	8/29/2014	16.23	10.59	10.62	10.19
R-3	6/4/2002	16.39	10.75	10.75	9.47
R-4	5/28/2002	16.74	11.09	11.08	9.69
R-5E	11/20/2015	16.96	11.31	N/A	11.53
R-5	5/15/2002	17.09	11.42	11.41	9.99
R-6	5/1/2009	17.16	11.48	11.47	12.89


Indexes	1 year	5 years	10 years	Lifetime (from Class F-2 inception)
MSCI^® All Country World Index (reflects no deductions for sales charges, account fees, expenses or U.S. federal income taxes)	17.49%	10.06%	9.23%	7.72%