SMALLCAP World Fund
AMERICAN FUNDS INSURANCE SERIES
Fund classification
Classified from what the fund holds · as of 2026 Q2
SMALLCAP World Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The funds investment objective is to provide you with long-term growth of capital.
The fund invests at least 80% of its assets in equity securities of small-capitalization companies, defined as those within or below the market-cap range of the MSCI All Country World Small Cap Index or Russell 2000 Index, and typically allocates a significant portion to non-U.S. markets including emerging markets. The investment adviser employs multiple portfolio managers who select securities based on attractive valuation and long-term opportunity, rather than tracking an index. Because the fund may hold securities that subsequently appreciate above the small-cap threshold, its composition can drift from the small-cap universe over time.
| Share class | Gross | Net |
|---|---|---|
| C000023914 | 0.70% | 0.65% |
| C000023915 | 0.95% | 0.90% |
| C000121506 | 1.20% | 1.15% |
| C000176238 | 0.95% | 0.90% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 51.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.31% |
| Cash & short-term | 2.44% |
| Bonds | 0.11% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 45.6% |
| Industrials | 16.0% |
| Information Technology | 10.9% |
| Health Care | 7.2% |
| 10 smaller | 20.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 91.1% |
| Floating rate | 8.9% |
Share of the fund's debt value in each maturity band, shortest first.
| 3-5y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| CMQXX | CAPITAL GROUP CENTRAL CASH FUNDCMQXX | 2.44% | — | $62.42M | — |
| — | KOKUSAI ELECTRIC CORP | 1.38% | $68.28 | $35.28M | 516.8K |
| MKSI | MKS INCMKSI | 1.17% | $444.80 | $30.08M | 67.6K |
| — | DIPLOMA PLC | 1.04% | $94.63 | $26.67M | 281.9K |
| FIX | COMFORT SYSTEMS USA INCFIX | 0.94% | $1,981.95 | $24.10M | 12.2K |
| ATI | ATI INCATI | 0.88% | $197.10 | $22.59M | 114.6K |
| — | GLOBAL UNICHIP CORP | 0.77% | $155.73 | $19.78M | 127.0K |
| LITE | LUMENTUM HOLDINGS INCLITE | 0.74% | $858.06 | $18.99M | 22.1K |
| CR | CRANE COCR | 0.72% | $223.07 | $18.59M | 83.3K |
| — | ASMPT LTD | 0.71% | $30.86 | $18.13M | 587.7K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 10.80% of net assets, top 25 18.81%, across 764 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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