American Funds U.S. Small-Mid Cap - R3

American Funds U.S. Small-Mid Cap - R3 is a mutual fund that primarily focuses on investing in the equity securities of U.S. companies with small to mid-sized market capitalizations. The fund adopts a bottom-up, fundamental investment approach, aiming to identify growth and value opportunities among a diverse range of businesses that typically fall within the small and mid-cap sectors of the U.S. stock market. Its portfolio features a broad selection of holdings, generally encompassing over a hundred companies, which helps to promote diversification and reduce concentration risk. Designed as a core component for investors seeking exposure to dynamic and innovative segments of the market, the fund plays a significant role in capturing the long-term growth potential that smaller and emerging companies can provide. It is commonly utilized within retirement plans and investment accounts to complement broader large-cap or blended equity strategies, contributing to a well-rounded asset allocation.