American Funds Fundamental Investors - American Funds/Capital Group
Shareclass
American Funds Fundamental Investors Class R-2E (RFEBX)
Type
Open-end mutual fund
Manager
Filing
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments
How we track deforestation-risk investments
D
8.47%
INVESTED IN DEFORESTATION-RISK COMPANIES
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
25
holdings flagged
8.47%
of assets flagged
This fund contains
$13.69 BILLION invested
in holdings flagged for deforestation riskAmerican Funds, owned by Capital Group, has huge investments in companies like Pepsico, Yum Brands, Hormel, McDonald's and Procter & Gamble that use palm oil, cattle and paper pulp in their products but have failed to eliminate deforestation from their operations. This means Capital Group has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. Tell Capital Group to adopt a No Deforestation Policy!
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Commodity producers
3 holdings
0.6% of assets
$972.97 MILLION invested
Banks and lenders
4 holdings
1.49% of assets
$2.4 BILLION invested
Major consumer brands
19 holdings
6.63% of assets
$10.72 BILLION invested
Commodity producers
3 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
3 HOLDINGS
- % of portfolio$ invested
- 1. Glencore PLC
0.25%0.25% of portfolio$411.1M$411.1M invested - 2. Bunge Global SA
0.25%0.25% of portfolio$405.3M$405.3M invested - 3. International Paper Co0.1%0.1% of portfolio$156.57M$156.57M invested
Banks and lenders
4 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
4 HOLDINGS
Major consumer brands
19 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
19 HOLDINGS
- % of portfolio$ invested
- 1. Amazon.com Inc
2.32%2.32% of portfolio$3.75B$3.75B invested - 2. Starbucks Corp0.78%0.78% of portfolio$1.27B$1.27B invested
- 3. Chipotle Mexican Grill Inc0.77%0.77% of portfolio$1.24B$1.24B invested
- 4. Nestle SA0.61%0.61% of portfolio$988.96M$988.96M invested
- 5. Restaurant Brands International Inc0.48%0.48% of portfolio$776.27M$776.27M invested
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DATA AS OF 31 Dec 2025
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American Funds Fundamental Investors - American Funds/Capital Group RFEBX
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