Amcap Fund

04/30/2026 | Press release | Distributed by Public on 04/30/2026 09:36

Annual Report by Investment Company (Form N-CSR)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-01435
AMCAP Fund
(Exact name of registrant as specified in charter)
333 South Hope Street, 55th Floor
Los Angeles, California 90071
(Address of principal executive offices)

Mariah L. Coria
6455 Irvine Center Drive
Irvine, California
92618
(Name and address of agent for service)
Registrant's telephone number, including area code:
(949) 975-5000
Date of fiscal year end:
February 28 or 29
Date of reporting period:
February 28, 2026
ITEM 1 - Reports to Stockholders
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class A
| AMCPX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-A
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class A
$
69 		0.64
%
Management's discussion of fund performance
The fund's Class A shares gained 14.77% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-A
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class A (with sales
charge)
*
8.18
%
8.18
%
12.44
%
AMCAP Fund - Class A (without sales
charge)
*
14.77
%
9.47
%
13.11
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio
holdings
by s
ecto
r
(percent of net assets)
Changes in and disagreements with
accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-A
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFAAARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class C
| AMPCX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-C
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class C
$
150 		1.40
%
Management's discussion of fund performance
The fund's Class C shares gained 13.89% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-C
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class C (with sales
charge)
*
12.89
%
8.65
%
12.42
%
AMCAP Fund - Class C (without sales
charge)
*
13.89
%
8.65
%
12.42
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by se
ctor
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-C
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFCCARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class T
| TAMCX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class T
$
43 		0.40
%
Management's discussion of fund performance
The fund's Class T shares gained 15.04% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
Since inception
1
AMCAP Fund - Class T (with sales
charge)
2
12.16
%
9.19
%
12.24
%
AMCAP Fund - Class T (without sales
charge)
2
15.04
%
9.74
%
12.56
%
S&P 500
Index
3
16.99
%
14.19
%
14.69
%
1
Class T shares were first offered on April 7, 2017.
2
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
3
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFTTARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class F-1
| AMPFX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-F1
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class F-1
$
75 		0.70
%
Management's discussion of fund performance
The fund's Class F-1 shares gained 14.68% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-F1
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
F-1
*
14.68
%
9.41
%
13.05
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-F1
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFF1ARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class F-2
| AMCFX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-F2
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class F-2
$
47 		0.44
%
Management's discussion of fund performance
The fund's Class F-2 shares gained 14.97% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-F2
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
F-2
*
14.97
%
9.70
%
13.35
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-F2
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFF2ARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class F-3
| FMACX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-F3
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class F-3
$
35 		0.33
%
Management's discussion of fund performance
The fund's Class F-3 shares gained 15.10% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-F3
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
Since inception
1
AMCAP Fund - Class
F-3
2
15.10
%
9.83
%
12.56
%
S&P 500
Index
3
16.99
%
14.19
%
14.75
%
1
Class F-3 shares were first offered on January 27, 2017.
2
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
3
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-F3
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFF3ARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class 529-A
| CAFAX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-529A
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class 529-A
$
73 		0.68
%
Management's discussion of fund performance
The fund's Class 529-A shares gained 14.70% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-529A
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class 529-A (with sales
charge)
*
10.69
%
8.65
%
12.65
%
AMCAP Fund - Class 529-A (without sales
charge)
*
14.70
%
9.43
%
13.06
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529A
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MF5AARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class 529-C
| CAFCX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-529C
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class 529-C
$
155 		1.45
%
Management's discussion of fund performance
The fund's Class 529-C shares gained 13.85% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-529C
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class 529-C (with sales
charge)
*
12.85
%
8.59
%
12.63
%
AMCAP Fund - Class 529-C (without sales
charge)
*
13.85
%
8.59
%
12.63
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by
sector
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529C
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MF5CARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class 529-E
| CAFEX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-529E
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class 529-E
$
99 		0.92
%
Management's discussion of fund performance
The fund's Class 529-E shares gained 14.41% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-529E
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
529-E
*
14.41
%
9.17
%
12.79
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529E
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MF5EARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class 529-T
| TACMX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class 529-T
$
48 		0.45
%
Management's discussion of fund performance
The fund's Class 529-T shares gained 14.97% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
Since inception
1
AMCAP Fund - Class 529-T (with sales
charge)
2
12.08
%
9.13
%
12.18
%
AMCAP Fund - Class 529-T (without sales
charge)
2
14.97
%
9.69
%
12.50
%
S&P 500
Index
3
16.99
%
14.19
%
14.69
%
1
Class 529-T shares were first offered on April 7, 2017.
2
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
3
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MF5TARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class 529-F-1
| CAFFX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-529F1
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class 529-F-1
$
55 		0.51
%
Management's discussion of fund performance
The fund's Class 529-F-1 shares gained 14.89% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-529F1
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
529-F-1
*
14.89
%
9.62
%
13.27
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529F1
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MF5FARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class 529-F-2
| FMMMX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-529F2
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypo
the
tical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class 529-F-2
$
46 		0.43
%
Management's discussion of fund performance
The fund's Class 529-F-2 shares gained 14.97% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-529F2
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
Since inception
1
AMCAP Fund - Class
529-F-2
2
14.97
%
9.71
%
12.53
%
S&P 500
Index
3
16.99
%
14.19
%
16.67
%
1
Class 529-F-2 shares were first offered on October 30, 2020.
2
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
3
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accoun
tan
ts
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529F2
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MF5XARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class 529-F-3
| FMCMX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-529F3
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last
yea
r?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class 529-F-3
$
41 		0.38
%
Management's discussion of fund performance
The fund's Class 529-F-3 shares gained 15.04% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-529F3
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
Since inception
1
AMCAP Fund - Class
529-F-3
2
15.04
%
9.77
%
12.59
%
S&P 500
Index
3
16.99
%
14.19
%
16.67
%
1
Class 529-F-3 shares were first offered on October 30, 2020.
2
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
3
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with ac
count
ants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529F3
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MF5YARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class R-1
| RAFAX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-R1
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs
fo
r the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R-1
$
152 		1.42
%
Management's discussion of fund performance
The fund's Class R-1 shares gained 13.87% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-R1
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
R-1
*
13.87
%
8.64
%
12.24
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with acco
unta
nts
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R1
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR1ARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class R-2
| RAFBX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-R2
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last
yea
r?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R-2
$
153 		1.43
%
Management's discussion of fund performance
The fund's Class R-2 shares gained 13.85% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-R2
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
R-2
*
13.85
%
8.63
%
12.23
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with accou
nta
nts
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R2
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR2ARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class R-2E
| RAEBX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-R2E
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last
ye
ar?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R-2E
$
122 		1.14
%
Management's discussion of fund performance
The fund's Class R-2E shares gained 14.16% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-R2E
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
R-2E
*
14.16
%
8.94
%
12.57
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of
net
assets)
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R2E
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MF2EARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class R-3
| RAFCX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-R3
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last ye
a
r?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R-3
$
105 		0.98
%
Management's discussion of fund performance
The fund's Class R-3 shares gained 14.36% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-R3
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
R-3
*
14.36
%
9.12
%
12.74
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund sta
tistic
s
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with acco
untan
ts
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R3
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR3ARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class R-4
| RAFEX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-R4
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(b
ased on
a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R-4
$
73 		0.68
%
Management's discussion of fund performance
The fund's Class R-4 shares gained 14.70% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-R4
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
R-4
*
14.70
%
9.44
%
13.08
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with ac
cou
ntants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R4
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR4ARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class R-5E
| RAEFX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-R5E
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund c
osts f
or the last year?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R-5E
$
52 		0.48
%
Management's discussion of fund performance
The fund's Class R-5E shares gained 14.93% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-R5E
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
R-5E
*
14.93
%
9.66
%
13.31
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with ac
cou
ntants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R5E
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFE5ARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class R-5
| RAFFX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-R5
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last year?
(based on a hypot
heti
cal $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R-5
$
41 		0.38
%
Management's discussion of fund performance
The fund's Class R-5 shares gained 15.03% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-R5
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
R-5
*
15.03
%
9.77
%
13.42
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with a
ccounta
nts
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R5
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR5ARX-002-0426 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
AMCAP Fund
®
Class R-6
| RAFGX
for the year ended February 28, 2026
This annual shareholder report contains important information about AMCAP Fund (the "fund") for the period from March 1, 2025 to February 28, 2026. You can find additional information about the fund at
capitalgroup.com/mutual-fund-literature-R6
. You can also request this information by contacting us at
(800) 421-4225
.
What were the fund costs for the last
yea
r?
(based on a hypothetical $10,000 investment)
Share class
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Class R-6
$
35 		0.33
%
Management's discussion of fund performance
The fund's Class R-6 shares gained 15.10% for the year ended February 28, 2026. That result compares with a 16.99% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/mutual-fund-returns-R6
.
What factors influenced results
U.S. equities advanced during the period, rebounding from early 2025 volatility, driving the S&P 500 to record highs. Industrials, communication services and energy sectors led the gains, supported by resilient consumer spending and steady economic growth. Inflation showed signs of moderation, while softening in the labor market led the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed to the portfolio, with information technology being particularly additive. Returns from the industrials and communication services sectors were also positive. The consumer staples, utilities, materials and energy sectors also posted double-digit returns, but had a less meaningful impact on portfolio returns due to low relative exposure.
Conversely, the financials and real estate sectors had negative results during the period. Holdings within health care also lagged.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year
5 years
10 years
AMCAP Fund - Class
R-6
*
15.10
%
9.83
%
13.47
%
S&P 500
Index
†
16.99
%
14.19
%
15.50
%
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC.
The fund's past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
Fund net assets (in millions)
$
94,028
Total number of portfolio holdings 145
Total advisory fees paid (in millions)
$
269
Portfolio turnover rate 36
%
Portfolio holdings by sector
(percent of net assets)
Changes in and disagreements with acco
unt
ants
On September 11, 2025, Deloitte & Touche ("D&T") was dismissed and PricewaterhouseCoopers LLP was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R6
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR6ARX-002-0426 © 2026 Capital Group. All rights reserved.

ITEM 2 - Code of Ethics

The Registrant has adopted a Code of Ethics, as of the end of the period covered by this report, applicable to the registrant's principal executive officer, principal financial officer and principal accounting officer, or persons performing similar functions. A copy of the code of ethics is available without charge at https://www.capitalgroup.com/individual/pdf/shareholder/cg_code_of_ethics.pdf.


ITEM 3 - Audit Committee Financial Expert

The Registrant's board has determined that Kenneth M. Simril, a member of the Registrant's audit committee, is an "audit committee financial expert" and "independent," as such terms are defined in this Item. This designation will not increase the designee's duties, obligations or liability as compared to his or her duties, obligations and liability as a member of the audit committee and of the board, nor will it reduce the responsibility of the other audit committee members. There may be other individuals who, through education or experience, would qualify as "audit committee financial experts" if the board had designated them as such. Most importantly, the board believes each member of the audit committee contributes significantly to the effective oversight of the Registrant's financial statements and condition.


ITEM 4 - Principal Accountant Fees and Services


Registrant1

(a) Audit Fees

(b) Audit-Related Fees

(c) Tax Fees

(d) All Other Fees

February 28, 2026

114,000

None

10,000

None

February 28, 2025

102,000

14,000

14,000

None

Adviser and Affiliates2

February 28, 2026

Not Applicable

None

None

None

February 28, 2025

Not Applicable

1,936,000

4,000

11,000

Registrant, Adviser and Affiliates3

(g) Aggregate

non-audit fees

February 28, 2026

10,000

February 28, 2025

1,979,000

1The audit fees represents fees billed for professional services rendered for the audit and review of the Registrant's annual financial statements. The audit-related fees represents fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Registrant's financial statements, but not reported under "audit fees". The tax fees consist of professional services relating to the preparation of the Registrant's tax returns. The other fees represents fees, if any, billed for other products and services rendered by the principal accountant to the Registrant other than those reported under the "audit fees", "audit-related fees", and "tax fees".

2This includes only fees for non-audit services billed to the adviser and affiliates for engagements that relate directly to the operations and financial reporting of the Registrant and were subject to the pre-approval policies described below. The audit-related fees consist of assurance and related services relating to the examination of the Registrant's transfer agent, principal underwriter and investment adviser conducted in accordance with Statement on Standards for Attestation Engagements Number 18 issued by the American Institute of Certified Public Accountants. The tax fees consist of consulting services relating to the Registrant's investments. The other fees consist of subscription services related to an accounting research tool.

3Aggregate non-audit fees paid to the Registrant's auditors, including fees for all services billed to the Registrant, adviser and affiliates that provide ongoing services to the Registrant. The non-audit services represented by these amounts were brought to the attention of the committee and considered to be compatible with maintaining the auditors' independence.

(e1)(e2)(h) All audit and permissible non-audit services that the Registrant's audit committee considers compatible with maintaining the independent registered public accounting firm's independence are required to be pre-approved by the committee. The pre-approval requirement will extend to all non-audit services provided to the Registrant, the investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant, if the engagement relates directly to the operations and financial reporting of the Registrant. The committee will not delegate its responsibility to pre-approve these services to the investment adviser. The committee may delegate to one or more committee members the authority to review and pre-approve audit and permissible non-audit services. Actions taken under any such delegation will be reported to the full committee at its next meeting. The pre-approval requirement is waived with respect to non-audit services if certain conditions are met. The pre- approval requirement was not waived for any of the non-audit services listed above provided to the Registrant, adviser and affiliates.

(f)Not applicable.

(i)Not applicable.

(j)Not applicable.



ITEM 5 - Audit Committee of Listed Registrants

Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.


ITEM 6 - Investments

The schedule of investments is included as part of the material filed under Item 7 of this Form.


ITEM 7 - Financial Statements and Financial Highlights for Open-End Management Investment Companies


AMCAP Fund®
Financial Statements and Other Information
N-CSR Items 7-11
for the year ended February 28, 2026
Lit. No. MFGEFP4-002-0426 © 2026 Capital Group. All rights reserved.
Investment portfolio February 28, 2026
Common stocks 95.92%
Shares
Value
(000)
Information technology 32.27%
NVIDIA Corp.
32,403,102
$5,741,506
Broadcom, Inc.
16,854,089
5,385,724
Microsoft Corp.
13,305,781
5,225,712
Taiwan Semiconductor Manufacturing Co., Ltd.
43,383,983
2,763,877
Apple, Inc.
8,942,283
2,362,372
Applied Materials, Inc.
3,361,760
1,251,583
Fair Isaac Corp. (a)
860,560
1,212,839
Entegris, Inc.
6,910,804
915,336
Amphenol Corp., Class A
5,129,287
749,184
Salesforce, Inc.
3,136,653
610,989
Synopsys, Inc. (a)
1,347,058
557,682
Arista Networks, Inc. (a)
4,120,029
550,024
AppLovin Corp., Class A (a)
1,039,450
451,922
CrowdStrike Holdings, Inc., Class A (a)
1,006,495
374,396
Micron Technology, Inc.
816,260
336,601
Ciena Corp. (a)
942,194
328,543
ASML Holding NV
142,901
208,262
KLA Corp.
125,000
190,569
Shopify, Inc., Class A, subordinate voting shares (a)
1,550,013
187,133
Oracle Corp.
1,105,557
160,748
Lam Research Corp.
668,183
156,281
Lattice Semiconductor Corp. (a)
1,058,099
101,175
Advanced Micro Devices, Inc. (a)
494,592
99,022
Palo Alto Networks, Inc. (a)
600,787
89,469
Corning, Inc.
334,593
50,316
Texas Instruments, Inc.
223,329
47,370
Western Digital Corp.
166,899
46,682
Intuit, Inc.
109,586
44,824
Analog Devices, Inc.
108,616
38,644
Palantir Technologies, Inc., Class A (a)
264,267
36,255
Adobe, Inc. (a)
129,340
33,940
Autodesk, Inc. (a)
96,224
23,659
Stripe, LLC, Class B (a)(b)(c)
217,774
13,720
30,346,359
Consumer discretionary 15.73%
Amazon.com, Inc. (a)
22,297,709
4,682,519
Viking Holdings, Ltd. (a)
17,941,208
1,399,773
MercadoLibre, Inc. (a)
771,340
1,355,692
Carvana Co., Class A (a)
3,977,747
1,329,204
TopBuild Corp. (a)(d)
2,376,303
1,065,296
Tesla, Inc. (a)
1,595,935
642,380
Royal Caribbean Cruises, Ltd.
1,973,613
613,715
NVR, Inc. (a)
79,357
596,589
Starbucks Corp.
4,408,506
432,122
Moncler SpA
6,239,105
430,827
TJX Cos., Inc. (The)
2,538,395
410,357
DoorDash, Inc., Class A (a)
1,716,704
302,947
CAVA Group, Inc. (a)
3,602,776
297,121
Flutter Entertainment PLC (a)
2,262,024
240,091
NIKE, Inc., Class B
3,711,595
230,787
Booking Holdings, Inc.
39,769
168,595
adidas AG
774,709
144,816
Hilton Worldwide Holdings, Inc.
461,054
143,747
Home Depot, Inc.
344,448
131,138
SharkNinja, Inc. (a)
734,083
90,197
Lowe's Cos., Inc.
309,587
81,907
14,789,820
1
AMCAP Fund
Common stocks (continued)
Shares
Value
(000)
Industrials 13.42%
TransDigm Group, Inc.
1,762,870
$2,296,649
Uber Technologies, Inc. (a)
21,746,133
1,640,093
XPO, Inc. (a)(d)
6,041,495
1,271,553
General Electric Co.
3,362,651
1,150,901
Ingersoll-Rand, Inc.
10,532,144
991,496
Trane Technologies PLC
1,752,389
810,164
United Rentals, Inc.
801,851
673,555
Howmet Aerospace, Inc.
2,443,371
641,458
Ferguson Enterprises, Inc.
1,964,159
512,174
Carrier Global Corp.
7,727,970
497,681
Waste Management, Inc.
1,584,669
381,652
Northrop Grumman Corp.
500,000
362,190
RTX Corp.
1,519,050
307,790
ATI, Inc. (a)
1,233,860
201,847
UL Solutions, Inc., Class A
2,307,510
193,762
Copart, Inc. (a)
4,401,412
167,650
Caterpillar, Inc.
199,678
148,327
Rolls-Royce Holdings PLC
6,279,737
112,853
Honeywell International, Inc.
430,586
104,886
Deere & Co.
131,891
83,053
Automatic Data Processing, Inc.
241,672
51,805
Old Dominion Freight Line, Inc.
84,435
17,145
12,618,684
Communication services 12.78%
Alphabet, Inc., Class A
14,909,869
4,648,301
Alphabet, Inc., Class C
4,165,082
1,297,131
Meta Platforms, Inc., Class A
5,763,884
3,736,035
Netflix, Inc. (a)
21,684,447
2,086,911
Spotify Technology SA (a)
481,040
247,707
12,016,085
Health care 11.90%
Eli Lilly and Co.
4,189,527
4,407,340
Vertex Pharmaceuticals, Inc. (a)
4,621,267
2,295,984
Alnylam Pharmaceuticals, Inc. (a)
3,744,659
1,246,672
IDEXX Laboratories, Inc. (a)
732,861
481,292
Medline, Inc., Class A (a)
9,746,309
463,047
Thermo Fisher Scientific, Inc.
766,130
399,238
Danaher Corp.
1,706,530
359,463
Stryker Corp.
836,514
324,116
Insulet Corp. (a)
900,000
221,949
Abbott Laboratories
1,764,702
205,323
UnitedHealth Group, Inc.
579,164
169,851
West Pharmaceutical Services, Inc.
569,887
144,945
Amgen, Inc.
364,775
141,591
Intuitive Surgical, Inc. (a)
173,395
87,306
Regeneron Pharmaceuticals, Inc.
95,795
74,880
IQVIA Holdings, Inc. (a)
320,200
57,255
Zoetis, Inc., Class A
297,725
39,032
Boston Scientific Corp. (a)
476,572
36,625
Elevance Health, Inc.
111,527
35,689
11,191,598
Financials 6.36%
Mastercard, Inc., Class A
3,541,721
1,831,814
Progressive Corp.
4,396,701
939,399
Affirm Holdings, Inc., Class A (a)
9,814,130
461,068
Visa, Inc., Class A
1,297,348
415,333
BlackRock, Inc.
324,357
344,866
KKR & Co., Inc.
3,596,009
315,298
Blackstone, Inc.
2,401,982
272,313
Apollo Asset Management, Inc.
2,227,575
233,004
Houlihan Lokey, Inc., Class A
1,242,134
203,424
AMCAP Fund
2
Common stocks (continued)
Shares
Value
(000)
Financials (continued)
JPMorgan Chase & Co.
528,604
$158,740
Nu Holdings, Ltd., Class A (a)
10,000,000
149,800
Arthur J. Gallagher & Co.
552,201
126,012
PNC Financial Services Group, Inc.
535,759
113,768
Morgan Stanley
554,770
92,375
American Express Co.
291,824
90,145
Chubb, Ltd.
192,988
65,782
Marsh & McLennan Cos., Inc.
349,122
65,195
S&P Global, Inc.
141,591
62,566
Stifel Financial Corp.
309,991
22,955
Fiserv, Inc. (a)
347,185
21,626
5,985,483
Consumer staples 1.51%
Philip Morris International, Inc.
3,596,469
671,928
Monster Beverage Corp. (a)
5,873,275
500,990
Costco Wholesale Corp.
117,748
119,019
FHU US Holdings, LLC (a)(b)(c)
22,440
100,001
Mondelez International, Inc., Class A
428,129
26,364
1,418,302
Materials 1.23%
Linde PLC
1,235,004
627,481
Ecolab, Inc.
1,449,332
446,902
Sherwin-Williams Co.
199,779
72,438
Solstice Advanced Materials, Inc.
107,646
8,451
1,155,272
Energy 0.32%
EOG Resources, Inc.
1,263,847
156,818
ConocoPhillips
660,426
74,932
SLB, Ltd.
1,397,319
71,738
303,488
Real estate 0.32%
CoStar Group, Inc. (a)
4,117,051
183,744
Prologis, Inc. REIT
660,508
94,169
American Tower Corp. REIT
99,667
19,122
297,035
Utilities 0.08%
NextEra Energy, Inc.
778,193
72,971
Total common stocks (cost: $49,572,747,000)
90,195,097
Preferred securities 0.27%
Information technology 0.27%
Databricks, Inc., Class L, preferred shares (a)(b)(c)
877,300
156,291
Stripe, LLC, Series G, 6.00% noncumulative preferred shares (a)(b)(c)
430,630
27,130
Stripe, LLC, Series BB-1, 6.00% noncumulative preferred shares (a)(b)(c)
327,540
20,635
Stripe, LLC, Series BB, 6.00% noncumulative preferred shares (a)(b)(c)
116,181
7,319
Stripe, LLC, Series H, 6.00% noncumulative preferred shares (a)(b)(c)
86,605
5,456
Genesys Cloud Services Topco, LLC, preferred shares (b)
11,004,799
34,995
Total preferred securities (cost: $249,498,000)
251,826
3
AMCAP Fund
Rights & warrants 0.00%
Shares
Value
(000)
Information technology 0.00%
Constellation Software, Inc., warrants, expire 3/31/2040 (a)(b)
34,745
$-
(e)
Total rights & warrants (cost: $0)
-
(e)
Short-term securities 3.67%
Money market investments 3.67%
Capital Group Central Cash Fund 3.65% (d)(f)
34,479,305
3,447,931
Total short-term securities (cost: $3,447,664,000)
3,447,931
Total investment securities 99.86% (cost: $53,269,909,000)
93,894,854
Other assets less liabilities 0.14%
132,858
Net assets 100.00%
$94,027,712
Investments in affiliates (d)
Value at
3/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
2/28/2026
(000)
Dividend
or interest
income
(000)
Common stocks 2.48%
Consumer discretionary 1.13%
TopBuild Corp. (a)
$730,202
$-
$2,138
$1,719
$335,513
$1,065,296
$-
Caesars Entertainment, Inc. (a)(g)
466,467
251,853
573,560
(338,521
)
193,761
-
-
1,065,296
Industrials 1.35%
XPO, Inc. (a)
467,454
486,620
234,116
107,892
443,703
1,271,553
-
Total common stocks
2,336,849
Short-term securities 3.67%
Money market investments 3.67%
Capital Group Central Cash Fund 3.65% (f)
2,378,148
13,249,715
12,179,368
(453
)
(111
)
3,447,931
109,943
Money market investments purchased with collateral
from securities on loan 0.00%
Capital Group Central Cash Fund 3.65% (f)
64
64
(h)
-
-
(i)
Total short-term securities
3,447,931
Total 6.15%
$(229,363
)
$972,866
$5,784,780
$109,943
Restricted securities (c)
Acquisition
date(s)
Cost
(000)
Value
(000)
Percent
of net
assets
Databricks, Inc., Class L, preferred shares (a)(b)
12/16/2025
$166,687
$156,291
0.16
%
FHU US Holdings, LLC (a)(b)
10/14/2025
100,001
100,001
0.11
Stripe, LLC, Series G, 6.00% noncumulative preferred shares (a)(b)
9/29/2023
9,682
27,130
0.03
Stripe, LLC, Series BB-1, 6.00% noncumulative preferred shares (a)(b)
8/24/2023
7,055
20,635
0.02
Stripe, LLC, Class B (a)(b)
5/6/2021-8/24/2023
8,431
13,720
0.01
Stripe, LLC, Series BB, 6.00% noncumulative preferred shares (a)(b)
8/24/2023
2,502
7,319
0.01
Stripe, LLC, Series H, 6.00% noncumulative preferred shares (a)(b)
3/15/2021
3,475
5,456
0.01
Total
$297,833
$330,552
0.35
%
AMCAP Fund
4
(a)
Non-income producing.
(b)
Value determined using significant unobservable inputs.
(c)
Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.
(d)
Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.
(e)
Amount less than one thousand.
(f)
Rate represents the seven-day yield at 2/28/2026.
(g)
Affiliated issuer during the reporting period but no longer held at 2/28/2026.
(h)
Represents net activity. Refer to Note 5 for more information on securities lending.
(i)
Dividend income is included with securities lending income in the fund's statement of operations and is not shown in this table.
Key to abbreviation(s)
REIT = Real Estate Investment Trust
Refer to the notes to financial statements.
5
AMCAP Fund
Financial statements
Statement of assets and liabilities at February 28, 2026
(dollars in thousands)
Assets:
Investment securities, at value:
Unaffiliated issuers (cost: $48,831,782)
$88,110,074
Affiliated issuers (cost: $4,438,127)
5,784,780
$93,894,854
Cash
5,562
Receivables for:
Sales of investments
13,097
Sales of fund's shares
222,548
Dividends
39,469
Securities lending income
-
*
Other
125
275,239
94,175,655
Liabilities:
Payables for:
Purchases of investments
64,825
Repurchases of fund's shares
43,228
Investment advisory services
21,038
Services provided by related parties
14,573
Trustees' deferred compensation
3,827
Other
452
147,943
Net assets at February 28, 2026
$94,027,712
Net assets consist of:
Capital paid in on shares of beneficial interest
$46,926,507
Total distributable earnings (accumulated loss)
47,101,205
Net assets at February 28, 2026
$94,027,712
(dollars and shares in thousands, except per-share amounts)
Shares of beneficial interest issued and outstanding (no stated par value) -
unlimited shares authorized (2,067,575 total shares outstanding)
Net assets
Shares
outstanding
Net asset value
per share
Class A
$41,832,288
926,181
$45.17
Class C
585,555
16,885
34.68
Class T
16
-
*
45.58
Class F-1
838,270
18,837
44.50
Class F-2
10,732,944
233,317
46.00
Class F-3
6,185,121
135,108
45.78
Class 529-A
2,794,138
63,116
44.27
Class 529-C
50,369
1,445
34.86
Class 529-E
83,529
1,990
41.98
Class 529-T
28
1
45.48
Class 529-F-1
18
-
*
45.07
Class 529-F-2
351,724
7,750
45.38
Class 529-F-3
19
-
*
45.41
Class R-1
51,091
1,405
36.36
Class R-2
546,773
15,050
36.33
Class R-2E
64,343
1,486
43.31
Class R-3
820,739
19,406
42.29
Class R-4
606,495
13,625
44.51
Class R-5E
157,924
3,471
45.50
Class R-5
242,637
5,199
46.67
Class R-6
28,083,691
603,303
46.55
*
Amount less than one thousand.
Refer to the notes to financial statements.
AMCAP Fund
6
Financial statements (continued)
Statement of operations for the year ended February 28, 2026
(dollars in thousands)
Investment income:
Income:
Dividends (net of non-U.S. taxes of $7,158;
also includes $109,943 from affiliates)
$677,412
Interest from unaffiliated issuers
1,225
Securities lending income (net of fees)
1,074
$679,711
Fees and expenses*:
Investment advisory services
269,072
Distribution services
127,917
Transfer agent services
50,553
Administrative services
27,650
529 plan services
1,700
Reports to shareholders
1,510
Registration statement and prospectus
2,955
Trustees' compensation
854
Auditing and legal
217
Custodian
979
Other
174
483,581
Net investment income
196,130
Net realized gain (loss) and unrealized appreciation (depreciation):
Net realized gain (loss) on:
Investments:
Unaffiliated issuers
11,281,902
Affiliated issuers
(229,363
)
In-kind redemptions
156,826
Currency transactions
7,010
11,216,375
Net unrealized appreciation (depreciation) on:
Investments:
Unaffiliated issuers
482,045
Affiliated issuers
972,866
Currency translations
115
1,455,026
Net realized gain (loss) and unrealized appreciation (depreciation)
12,671,401
Net increase (decrease) in net assets resulting from operations
$12,867,531
*
Additional information related to class-specific fees and expenses is included in the notes to financial statements.
Statements of changes in net assets
(dollars in thousands)
Year ended February 28,
2026
2025
Operations:
Net investment income
$196,130
$296,635
Net realized gain (loss)
11,216,375
9,322,573
Net unrealized appreciation (depreciation)
1,455,026
1,216,263
Net increase (decrease) in net assets resulting from operations
12,867,531
10,835,471
Distributions paid to shareholders
(8,086,915
)
(7,017,793
)
Net capital share transactions
622,975
(524,518
)
Total increase (decrease) in net assets
5,403,591
3,293,160
Net assets:
Beginning of year
88,624,121
85,330,961
End of year
$94,027,712
$88,624,121
Refer to the notes to financial statements.
7
AMCAP Fund
Notes to financial statements
1. Organization
AMCAP Fund (the "fund") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end, diversified management investment company. The fund seeks to provide long-term growth of capital.
The fund has 21 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), seven 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T, 529-F-1, 529-F-2 and 529-F-3) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund's share classes are described further in the following table:
Share class
Initial sales charge
Contingent deferred sales
charge upon redemption
Conversion feature
Classes A and 529-A
Up to 5.75% for
Class A; up to 3.50% for
Class 529-A
None (except 1.00% for certain
redemptions within 18 months of purchase
without an initial sales charge)
None
Classes C and 529-C
None
1.00% for redemptions within one year of
purchase
Class C converts to Class A
after eight years and Class 529-C
converts to Class 529-A after five years
Class 529-E
None
None
None
Classes T and 529-T*
Up to 2.50%
None
None
Classes F-1, F-2, F-3, 529-F-1,
529-F-2 and 529-F-3
None
None
None
Classes R-1, R-2, R-2E, R-3, R-4,
R-5E, R-5 and R-6
None
None
None
*
Class T and 529-T shares are not available for purchase.
Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses ("class-specific fees and expenses"), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.
2. Significant accounting policies
The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board ("FASB"). The fund's financial statements have been prepared to comply with U.S. generally accepted accounting principles ("U.S. GAAP"). These principles require the fund's investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.
Operating segments - The fund represents a single operating segment as the operating results of the fund are monitored as a whole and its long-term asset allocation is determined in accordance with the terms of its prospectus, based on defined investment objectives that are executed by the fund's portfolio management team. A senior executive team comprised of the fund's Principal Executive Officer and Principal Financial Officer, serves as the fund's chief operating decision maker ("CODM"), who act in accordance with Board of Trustee reviews and approvals. The CODM uses financial information, such as changes in net assets from operations, changes in net assets from fund share transactions, and income and expense ratios, consistent with that presented within the accompanying financial statements and financial highlights to assess the fund's profits and losses and to make resource allocation decisions. Segment assets are reflected in the statement of assets and liabilities as net assets, which consists primarily of investment securities, at value, and significant segment expenses are listed in the accompanying statement of operations.
AMCAP Fund
8
Security transactions and related investment income - Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.
Class allocations - Income, fees and expenses (other than class-specific fees and expenses), realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.
Distributions paid to shareholders - Income dividends and capital gain distributions are recorded on the ex-dividend date.
Currency translation - Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the fund's statement of operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.
In-kind redemptions - The fund normally redeems shares in cash; however, under certain conditions and circumstances, payment of the redemption price wholly or partly with portfolio securities or other fund assets may be permitted. A redemption of shares in-kind is based upon the closing value of the shares being redeemed as of the trade date. During the year ended February 28, 2026, the fund delivered $237,472,000 of investment securities in connection with in-kind redemptions. Realized gains or losses resulting from redemptions of shares in-kind are reflected separately in the fund's statement of operations.
3. Valuation
Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.
Methods and inputs - The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
Fixed-income class
Examples of standard inputs
All
Benchmark yields, transactions, bids, offers, quotations from dealers and
trading systems, new issues, spreads and other relationships observed in
the markets among comparable securities; and proprietary pricing models
such as yield measures calculated using factors such as cash flows, financial
or collateral performance and other reference data (collectively referred to
as "standard inputs")
Corporate bonds, notes & loans; convertible securities
Standard inputs and underlying equity of the issuer
Bonds & notes of governments & government agencies
Standard inputs and interest rate volatilities
Mortgage-backed; asset-backed obligations
Standard inputs and cash flows, prepayment information, default rates,
delinquency and loss assumptions, collateral characteristics, credit
enhancements and specific deal information
9
AMCAP Fund
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure - The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications - The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of February 28, 2026, were as follows (dollars in thousands):
Investment securities
Level 1
Level 2
Level 3
Total
Assets:
Common stocks:
Information technology
$27,568,762
$2,763,877
$13,720
$30,346,359
Consumer discretionary
14,789,820
-
-
14,789,820
Industrials
12,618,684
-
-
12,618,684
Communication services
12,016,085
-
-
12,016,085
Health care
11,191,598
-
-
11,191,598
Financials
5,985,483
-
-
5,985,483
Consumer staples
1,318,301
-
100,001
1,418,302
Materials
1,155,272
-
-
1,155,272
Energy
303,488
-
-
303,488
Real estate
297,035
-
-
297,035
Utilities
72,971
-
-
72,971
Preferred securities
-
-
251,826
251,826
Rights & warrants
-
-
-
*
-
*
Short-term securities
3,447,931
-
-
3,447,931
Total
$90,765,430
$2,763,877
$365,547
$93,894,854
*
Amount less than one thousand.
AMCAP Fund
10
4. Risk factors
Investing in the fund may involve certain risks including, but not limited to, those described below.
Market conditions - The prices of, and the income generated by, the common stocks and other securities held by the fund may decline - sometimes rapidly or unpredictably - due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; levels of public debt and deficits; changes in inflation rates; and currency exchange rate, interest rate and commodity price fluctuations.
Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease), bank failures and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund's investments may be negatively affected by developments in other countries and regions.
Issuer risks - The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer's goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer's financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives. An individual security may also be affected by factors relating to the industry or sector of the issuer or the securities markets as a whole, and conversely an industry or sector or the securities markets may be affected by a change in financial condition or other event affecting a single issuer.
Investing in growth-oriented stocks - Growth-oriented common stocks and other equity-type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) may involve larger price swings and greater potential for loss than other types of investments. These risks may be even greater in the case of smaller capitalization stocks.
Investing outside the U.S. - Securities of issuers domiciled outside the U.S. or with significant operations or revenues outside the U.S., and securities tied economically to countries outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers are domiciled, operate or generate revenue or to which the securities are tied economically. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls, sanctions, or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different regulatory, legal, accounting, auditing, financial reporting and recordkeeping requirements, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund, which could impact the liquidity of the fund's portfolio. The risks of investing outside the U.S. may be heightened in connection with investments in emerging markets.
Management - The investment adviser to the fund actively manages the fund's investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.
11
AMCAP Fund
5. Certain investment techniques
Securities lending - The fund has entered into securities lending transactions in which the fund earns income by lending investment securities to brokers, dealers or other institutions. Each transaction involves three parties: the fund, acting as the lender of the securities, a borrower, and a lending agent that acts as an intermediary.
Securities lending transactions are entered into by the fund under a securities lending agent agreement with the lending agent. The lending agent facilitates the exchange of securities between the fund and approved borrowers, ensures that securities loans are properly coordinated and documented, marks-to-market the value of collateral daily, secures additional collateral from a borrower if it falls below preset terms, and may reinvest cash collateral on behalf of the fund according to agreed parameters. The lending agent provides indemnification to the fund against losses resulting from a borrower default. Although risk is mitigated by the collateral and indemnification, the fund could experience a delay in recovering its securities and a potential loss of income or value if a borrower fails to return securities, collateral investments decline in value or the lending agent fails to perform.
The borrower is required to post highly liquid assets, such as cash or U.S. government securities, as collateral for the loan in an amount at least equal to the value of the securities loaned. Investments made with cash collateral are recognized as assets in the fund's investment portfolio. The same amount is recorded as a liability in the fund's statement of assets and liabilities. While securities are on loan, the fund will continue to receive the equivalent of the interest, dividends or other distributions paid by the issuer, as well as a portion of the interest on the investment of the collateral. Additionally, although the fund does not have the right to vote on securities while they are on loan, the fund has a right to consent on corporate actions and a right to recall loaned securities to vote. A borrower is obligated to return loaned securities at the conclusion of a loan or, during the pendency of a loan, on demand from the fund.
As of February 28, 2026, the fund did not have any securities out on loan.
6. Taxation and distributions
Federal income taxation - The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.
As of and during the year ended February 28, 2026, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the year, the fund did not incur any significant interest or penalties.
The fund's tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction's statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.
Non-U.S. taxation - Dividend and interest income are recorded net of non-U.S. taxes paid. The fund may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. As a result of rulings from European courts, the fund filed for additional reclaims related to prior years ("EU reclaims"). These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. The fund generally records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.
AMCAP Fund
12
Distributions - Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; unrealized appreciation of certain investments in securities outside the U.S.; cost of investments sold and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes. The fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.
During the year ended February 28, 2026, the fund reclassified $436,837,000 from total distributable earnings to capital paid in on shares of beneficial interest to align financial reporting with tax reporting.
As of February 28, 2026, the tax basis components of distributable earnings, unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):
Undistributed long-term capital gains
$6,918,398
Post-October capital loss deferral*
(393,986
)
Gross unrealized appreciation on investments
41,482,307
Gross unrealized depreciation on investments
(901,813
)
Net unrealized appreciation (depreciation) on investments
40,580,494
Cost of investments
53,314,360
*
This deferral is considered incurred in the subsequent year.
Distributions paid were characterized for tax purposes as follows (dollars in thousands):
Year ended February 28, 2026
Year ended February 28, 2025
Share class
Ordinary
income
Long-term
capital gains
Total
distributions
paid
Ordinary
income
Long-term
capital gains
Total
distributions
paid
Class A
$12
$3,656,986
$3,656,998
$149,005
$3,026,731
$3,175,736
Class C
-
68,881
68,881
-
64,492
64,492
Class T
-
1
1
-
†
1
1
Class F-1
-
75,473
75,473
2,770
65,809
68,579
Class F-2
2
888,890
888,892
51,669
708,409
760,078
Class F-3
-
522,687
522,687
35,937
422,926
458,863
Class 529-A
3
248,712
248,715
9,384
203,464
212,848
Class 529-C
-
5,699
5,699
-
5,306
5,306
Class 529-E
-
7,998
7,998
137
6,779
6,916
Class 529-T
-
2
2
-
†
2
2
Class 529-F-1
-
2
2
-
†
1
1
Class 529-F-2
-
†
29,517
29,517
1,658
22,418
24,076
Class 529-F-3
-
2
2
-
†
1
1
Class R-1
-
5,751
5,751
-
4,906
4,906
Class R-2
-
67,051
67,051
-
61,835
61,835
Class R-2E
-
7,328
7,328
7
6,973
6,980
Class R-3
-
†
83,717
83,717
1,265
76,457
77,722
Class R-4
-
60,156
60,156
2,519
55,397
57,916
Class R-5E
-
†
15,710
15,710
1,013
14,444
15,457
Class R-5
-
21,296
21,296
1,483
19,360
20,843
Class R-6
-
2,321,039
2,321,039
156,099
1,839,136
1,995,235
Total
$17
$8,086,898
$8,086,915
$412,946
$6,604,847
$7,017,793
†
Amount less than one thousand.
13
AMCAP Fund
7. Fees and transactions with related parties
CRMC, the fund's investment adviser, is the parent company of Capital Client Group, Inc. ("CCG"), the principal underwriter of the fund's shares, and American Funds Service Company® ("AFS"), the fund's transfer agent. CRMC, CCG and AFS are considered related parties to the fund.
Investment advisory services - The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.485% on the first $1 billion of daily net assets and decreasing to 0.274% on such assets in excess of $89 billion. For the year ended February 28, 2026, the investment advisory services fees were $269,072,000, which were equivalent to an annualized rate of 0.292% of average daily net assets.
Class-specific fees and expenses - Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:
Distribution services - The fund has plans of distribution for all share classes, except Class F-2, F-3, 529-F-2, 529-F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.25% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate CCG for paying service fees, to firms that have entered into agreements with CCG to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.
Share class
Currently approved limits
Plan limits
Class A
0.25
%
0.25
%
Class 529-A
0.25
0.50
Classes C, 529-C and R-1
1.00
1.00
Class R-2
0.75
1.00
Class R-2E
0.60
0.85
Classes 529-E and R-3
0.50
0.75
Classes T, F-1, 529-T, 529-F-1 and R-4
0.25
0.50
For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by CCG for certain shares sold without a sales charge. These share classes reimburse CCG for amounts billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of February 28, 2026, there were no unreimbursed expenses subject to reimbursement for Class A or 529-A shares.
Transfer agent services - The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund's share classes. These services include recordkeeping, shareholder communications and transaction processing. Under this agreement, the fund also pays sub-transfer agency fees to AFS. These fees are paid by AFS to third parties for performing transfer agent services on behalf of fund shareholders.
Administrative services - The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the average daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of the average daily net assets attributable to each share class of the fund for CRMC's provision of administrative services.
AMCAP Fund
14
529 plan services - Each 529 share class is subject to service fees to compensate the Commonwealth Savers Plan (formerly, Virginia529) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fees are based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Commonwealth Savers Plan through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. Commonwealth Savers Plan is not considered a related party to the fund.
The quarterly fees are based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $75 billion. The fees for any given calendar quarter are accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. For the year ended February 28, 2026, the 529 plan services fees were $1,700,000, which were equivalent to 0.053% of the average daily net assets of each 529 share class.
For the year ended February 28, 2026, class-specific expenses under the agreements were as follows (dollars in thousands):
Share class
Distribution
services
Transfer agent
services
Administrative
services
529 plan
services
Class A
$100,380
$30,187
$12,452
Not applicable
Class C
6,189
453
187
Not applicable
Class T
-
-
*
-
*
Not applicable
Class F-1
2,086
1,093
254
Not applicable
Class F-2
Not applicable
11,559
3,067
Not applicable
Class F-3
Not applicable
41
1,794
Not applicable
Class 529-A
6,283
1,883
830
$1,453
Class 529-C
519
36
16
27
Class 529-E
424
34
26
45
Class 529-T
-
-
*
-
*
-
*
Class 529-F-1
-
-
*
-
*
-
*
Class 529-F-2
Not applicable
170
100
175
Class 529-F-3
Not applicable
-
*
-
*
-
*
Class R-1
536
48
16
Not applicable
Class R-2
4,747
2,235
190
Not applicable
Class R-2E
493
171
25
Not applicable
Class R-3
4,558
1,372
273
Not applicable
Class R-4
1,702
674
204
Not applicable
Class R-5E
Not applicable
286
56
Not applicable
Class R-5
Not applicable
132
75
Not applicable
Class R-6
Not applicable
179
8,085
Not applicable
Total class-specific expenses
$127,917
$50,553
$27,650
$1,700
*
Amount less than one thousand.
Trustees' deferred compensation - Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees' compensation of $854,000 in the fund's statement of operations reflects $280,000 in current fees (either paid in cash or deferred) and a net increase of $574,000 in the value of the deferred amounts.
Affiliated officers and trustees - Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, CCG and AFS. No affiliated officers or trustees received any compensation directly from the fund.
Investment in CCF - The fund holds shares of CCF, an institutional prime money market fund managed by CRMC. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund's short-term instruments. CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from CCF.
15
AMCAP Fund
Security transactions with related funds - The fund purchased investment securities from, and sold investment securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund's board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. Each transaction was executed at the current market price of the security and no brokerage commissions or fees were paid in accordance with Rule 17a-7 of the 1940 Act. During the year ended February 28, 2026, the fund engaged in such purchase and sale transactions with related funds in the amounts of $5,605,776,000 and $5,356,131,000, respectively, which generated $1,892,349,000 of net realized gains from such sales.
Interfund lending - Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the year ended February 28, 2026.
8. Indemnifications
The fund's organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund's maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund's board members and officers.
9. Capital share transactions
Capital share transactions in the fund were as follows (dollars and shares in thousands):
Sales*
Reinvestments of
distributions
Repurchases*
Net increase
(decrease)
Share class
Amount
Shares
Amount
Shares
Amount
Shares
Amount
Shares
Year ended February 28, 2026
Class A
$1,394,916
31,570
$3,594,783
81,203
$(5,501,544
)
(123,508
)
$(511,845
)
(10,735
)
Class C
54,896
1,586
68,702
2,003
(206,848
)
(5,967
)
(83,250
)
(2,378
)
Class T
-
-
-
-
-
-
-
-
Class F-1
16,744
380
74,778
1,714
(138,262
)
(3,152
)
(46,740
)
(1,058
)
Class F-2
1,767,024
38,970
862,627
19,146
(1,999,166
)
(44,205
)
630,485
13,911
Class F-3
849,653
18,879
518,239
11,567
(1,164,954
)
(25,786
)
202,938
4,660
Class 529-A
187,036
4,277
248,638
5,727
(442,526
)
(10,047
)
(6,852
)
(43
)
Class 529-C
12,218
349
5,696
165
(22,646
)
(645
)
(4,732
)
(131
)
Class 529-E
5,560
132
7,998
194
(17,216
)
(407
)
(3,658
)
(81
)
Class 529-T
-
-
2
-
†
-
-
2
-
†
Class 529-F-1
-
-
1
-
†
-
-
1
-
†
Class 529-F-2
53,878
1,197
29,505
663
(58,736
)
(1,300
)
24,647
560
Class 529-F-3
-
-
2
-
†
-
-
2
-
†
Class R-1
4,808
134
5,749
160
(13,715
)
(375
)
(3,158
)
(81
)
Class R-2
84,626
2,358
67,015
1,871
(305,692
)
(8,233
)
(154,051
)
(4,004
)
Class R-2E
20,285
473
7,328
173
(59,338
)
(1,344
)
(31,725
)
(698
)
Class R-3
132,549
3,205
83,662
2,018
(400,491
)
(9,373
)
(184,280
)
(4,150
)
Class R-4
72,770
1,681
60,150
1,382
(280,486
)
(6,276
)
(147,566
)
(3,213
)
Class R-5E
40,571
913
15,708
354
(113,744
)
(2,467
)
(57,465
)
(1,200
)
Class R-5
19,055
419
21,273
467
(70,829
)
(1,544
)
(30,501
)
(658
)
Class R-6
2,625,998
58,260
2,307,082
50,686
(3,902,357
)
(84,225
)
1,030,723
24,721
Total net increase
(decrease)
$7,342,587
164,783
$7,978,938
179,493
$(14,698,550
)
(328,854
)
$622,975
15,422
Refer to the end of the table(s) for footnote(s).
AMCAP Fund
16
Sales*
Reinvestments of
distributions
Repurchases*
Net increase
(decrease)
Share class
Amount
Shares
Amount
Shares
Amount
Shares
Amount
Shares
Year ended February 28, 2025
Class A
$1,626,692
37,739
$3,123,274
71,191
$(4,936,725
)
(114,245
)
$(186,759
)
(5,315
)
Class C
66,926
1,934
64,330
1,841
(243,488
)
(7,033
)
(112,232
)
(3,258
)
Class T
-
-
-
-
-
-
-
-
Class F-1
15,619
369
67,950
1,569
(150,028
)
(3,513
)
(66,459
)
(1,575
)
Class F-2
1,626,031
37,207
736,079
16,533
(2,546,355
)
(58,388
)
(184,245
)
(4,648
)
Class F-3
843,945
19,372
455,386
10,283
(1,336,746
)
(30,710
)
(37,415
)
(1,055
)
Class 529-A
205,731
4,850
212,780
4,937
(403,532
)
(9,521
)
14,979
266
Class 529-C
11,631
334
5,306
151
(27,692
)
(794
)
(10,755
)
(309
)
Class 529-E
6,727
166
6,896
168
(17,530
)
(426
)
(3,907
)
(92
)
Class 529-T
-
-
2
-
†
-
-
2
-
†
Class 529-F-1
-
-
1
-
†
-
-
1
-
†
Class 529-F-2
52,859
1,221
24,057
547
(47,821
)
(1,105
)
29,095
663
Class 529-F-3
-
-
1
-
†
-
-
1
-
†
Class R-1
4,456
124
4,905
135
(21,282
)
(593
)
(11,921
)
(334
)
Class R-2
107,197
2,974
61,810
1,697
(180,008
)
(4,992
)
(11,001
)
(321
)
Class R-2E
18,342
440
6,980
164
(21,829
)
(526
)
3,493
78
Class R-3
159,160
3,897
77,612
1,871
(258,124
)
(6,326
)
(21,352
)
(558
)
Class R-4
85,835
2,019
57,859
1,336
(193,355
)
(4,540
)
(49,661
)
(1,185
)
Class R-5E
53,293
1,234
15,455
351
(46,765
)
(1,077
)
21,983
508
Class R-5
36,641
820
20,831
462
(88,080
)
(1,996
)
(30,608
)
(714
)
Class R-6
1,587,009
36,441
1,984,095
44,132
(3,438,861
)
(77,836
)
132,243
2,737
Total net increase
(decrease)
$6,508,094
151,141
$6,925,609
157,368
$(13,958,221
)
(323,621
)
$(524,518
)
(15,112
)
*
Includes exchanges between share classes of the fund.
†
Amount less than one thousand.
10. Investment transactions
The fund engaged in purchases and sales of investment securities, excluding in-kind transactions, short-term securities and U.S. government obligations, if any, of $31,992,846,000 and $39,631,039,000, respectively, during the year ended February 28, 2026.
17
AMCAP Fund
Financial highlights
Income (loss) from
investment operations1
Dividends and distributions
Year ended
Net asset
value,
beginning
of year
Net
investment
income
(loss)
Net gains
(losses) on
securities
(both
realized and
unrealized)
Total from
investment
operations
Dividends
(from net
investment
income)
Distributions
(from capital
gains)
Total
dividends
and
distributions
Net asset
value, end
of year
Total
return2
Net assets,
end of year
(in millions)
Ratio of
expenses to
average
net assets3
Ratio of
net income
(loss) to
average
net assets
Class A:
2/28/2026
$43.01
$.04
$6.14
$6.18
$-
$(4.02
)
$(4.02
)
$45.17
14.77
%
$41,832
.64
%
.09
%
2/28/2025
41.15
.09
5.27
5.36
(.17
)
(3.33
)
(3.50
)
43.01
12.97
40,301
.65
.22
2/29/2024
31.97
.13
10.30
10.43
(.22
)
(1.03
)
(1.25
)
41.15
33.03
38,775
.67
.37
2/28/2023
39.42
.10
(5.28
)
(5.18
)
-
(2.27
)
(2.27
)
31.97
(12.71
)
31,169
.67
.32
2/28/2022
40.16
.02
1.94
1.96
-
(2.70
)
(2.70
)
39.42
4.42
38,536
.65
.05
Class C:
2/28/2026
34.12
(.23
)
4.81
4.58
-
(4.02
)
(4.02
)
34.68
13.89
586
1.40
(.65
)
2/28/2025
33.38
(.18
)
4.25
4.07
-
(3.33
)
(3.33
)
34.12
12.14
657
1.40
(.53
)
2/29/2024
26.13
(.11
)
8.39
8.28
-
(1.03
)
(1.03
)
33.38
32.07
752
1.42
(.38
)
2/28/2023
32.96
(.12
)
(4.44
)
(4.56
)
-
(2.27
)
(2.27
)
26.13
(13.36
)
728
1.42
(.44
)
2/28/2022
34.23
(.26
)
1.69
1.43
-
(2.70
)
(2.70
)
32.96
3.61
1,085
1.40
(.70
)
Class T:
2/28/2026
43.27
.15
6.18
6.33
-
(4.02
)
(4.02
)
45.58
15.04
4
-
5
.40
4
.33
4
2/28/2025
41.36
.20
5.30
5.50
(.26
)
(3.33
)
(3.59
)
43.27
13.25
4
-
5
.40
4
.47
4
2/29/2024
32.18
.23
10.37
10.60
(.39
)
(1.03
)
(1.42
)
41.36
33.44
4
-
5
.40
4
.65
4
2/28/2023
39.57
.19
(5.31
)
(5.12
)
-
(2.27
)
(2.27
)
32.18
(12.50
)4
-
5
.41
4
.58
4
2/28/2022
40.22
.12
1.93
2.05
-
(2.70
)
(2.70
)
39.57
4.65
4
-
5
.42
4
.28
4
Class F-1:
2/28/2026
42.46
.02
6.04
6.06
-
(4.02
)
(4.02
)
44.50
14.68
838
.70
.04
2/28/2025
40.66
.07
5.20
5.27
(.14
)
(3.33
)
(3.47
)
42.46
12.93
845
.70
.17
2/29/2024
31.58
.12
10.17
10.29
(.18
)
(1.03
)
(1.21
)
40.66
32.99
873
.71
.33
2/28/2023
38.99
.09
(5.23
)
(5.14
)
-
(2.27
)
(2.27
)
31.58
(12.74
)
765
.71
.28
2/28/2022
39.78
-
6
1.91
1.91
-
(2.70
)
(2.70
)
38.99
4.34
1,017
.70
(.01
)
Class F-2:
2/28/2026
43.66
.13
6.23
6.36
-
(4.02
)
(4.02
)
46.00
14.97
10,733
.44
.29
2/28/2025
41.70
.19
5.34
5.53
(.24
)
(3.33
)
(3.57
)
43.66
13.23
9,579
.44
.43
2/29/2024
32.43
.22
10.44
10.66
(.36
)
(1.03
)
(1.39
)
41.70
33.35
9,344
.44
.60
2/28/2023
39.86
.18
(5.34
)
(5.16
)
-
(2.27
)
(2.27
)
32.43
(12.51
)
7,613
.44
.54
2/28/2022
40.51
.11
1.94
2.05
-
(2.70
)
(2.70
)
39.86
4.61
9,685
.44
.26
Class F-3:
2/28/2026
43.42
.18
6.20
6.38
-
(4.02
)
(4.02
)
45.78
15.10
6,185
.33
.41
2/28/2025
41.48
.23
5.32
5.55
(.28
)
(3.33
)
(3.61
)
43.42
13.35
5,664
.33
.54
2/29/2024
32.29
.26
10.39
10.65
(.43
)
(1.03
)
(1.46
)
41.48
33.51
5,455
.33
.71
2/28/2023
39.66
.22
(5.32
)
(5.10
)
-
(2.27
)
(2.27
)
32.29
(12.42
)
4,489
.33
.66
2/28/2022
40.27
.16
1.93
2.09
-
(2.70
)
(2.70
)
39.66
4.74
5,290
.33
.37
Class 529-A:
2/28/2026
42.25
.03
6.01
6.04
-
(4.02
)
(4.02
)
44.27
14.70
2,794
.68
.06
2/28/2025
40.48
.08
5.17
5.25
(.15
)
(3.33
)
(3.48
)
42.25
12.94
2,668
.68
.19
2/29/2024
31.45
.12
10.14
10.26
(.20
)
(1.03
)
(1.23
)
40.48
33.03
2,546
.71
.34
2/28/2023
38.84
.09
(5.21
)
(5.12
)
-
(2.27
)
(2.27
)
31.45
(12.75
)
2,064
.71
.28
2/28/2022
39.63
.01
1.90
1.91
-
(2.70
)
(2.70
)
38.84
4.36
2,503
.68
.02
Refer to the end of the table(s) for footnote(s).
AMCAP Fund
18
Financial highlights (continued)
Income (loss) from
investment operations1
Dividends and distributions
Year ended
Net asset
value,
beginning
of year
Net
investment
income
(loss)
Net gains
(losses) on
securities
(both
realized and
unrealized)
Total from
investment
operations
Dividends
(from net
investment
income)
Distributions
(from capital
gains)
Total
dividends
and
distributions
Net asset
value, end
of year
Total
return2
Net assets,
end of year
(in millions)
Ratio of
expenses to
average
net assets3
Ratio of
net income
(loss) to
average
net assets
Class 529-C:
2/28/2026
$34.29
$(.25
)
$4.84
$4.59
$-
$(4.02
)
$(4.02
)
$34.86
13.85
%
$50
1.45
%
(.71
)%
2/28/2025
33.55
(.20
)
4.27
4.07
-
(3.33
)
(3.33
)
34.29
12.07
54
1.44
(.57
)
2/29/2024
26.27
(.13
)
8.44
8.31
-
(1.03
)
(1.03
)
33.55
32.01
63
1.48
(.43
)
2/28/2023
33.15
(.13
)
(4.48
)
(4.61
)
-
(2.27
)
(2.27
)
26.27
(13.44
)
62
1.48
(.50
)
2/28/2022
34.43
(.28
)
1.70
1.42
-
(2.70
)
(2.70
)
33.15
3.56
90
1.45
(.75
)
Class 529-E:
2/28/2026
40.35
(.08
)
5.73
5.65
-
(4.02
)
(4.02
)
41.98
14.41
84
.92
(.18
)
2/28/2025
38.81
(.02
)
4.96
4.94
(.07
)
(3.33
)
(3.40
)
40.35
12.69
83
.92
(.04
)
2/29/2024
30.16
.04
9.71
9.75
(.07
)
(1.03
)
(1.10
)
38.81
32.68
84
.94
.11
2/28/2023
37.44
.02
(5.03
)
(5.01
)
-
(2.27
)
(2.27
)
30.16
(12.94
)
70
.93
.05
2/28/2022
38.37
(.09
)
1.86
1.77
-
(2.70
)
(2.70
)
37.44
4.12
86
.92
(.22
)
Class 529-T:
2/28/2026
43.21
.13
6.16
6.29
-
(4.02
)
(4.02
)
45.48
14.97
4
-
5
.45
4
.29
4
2/28/2025
41.31
.18
5.29
5.47
(.24
)
(3.33
)
(3.57
)
43.21
13.19
4
-
5
.46
4
.41
4
2/29/2024
32.14
.21
10.34
10.55
(.35
)
(1.03
)
(1.38
)
41.31
33.31
4
-
5
.47
4
.58
4
2/28/2023
39.53
.17
(5.29
)
(5.12
)
-
(2.27
)
(2.27
)
32.14
(12.51
)4
-
5
.46
4
.53
4
2/28/2022
40.21
.10
1.92
2.02
-
(2.70
)
(2.70
)
39.53
4.60
4
-
5
.47
4
.23
4
Class 529-F-1:
2/28/2026
42.87
.10
6.12
6.22
-
(4.02
)
(4.02
)
45.07
14.89
4
-
5
.51
4
.23
4
2/28/2025
41.02
.15
5.25
5.40
(.22
)
(3.33
)
(3.55
)
42.87
13.15
4
-
5
.51
4
.36
4
2/29/2024
31.90
.18
10.28
10.46
(.31
)
(1.03
)
(1.34
)
41.02
33.25
4
-
5
.53
4
.51
4
2/28/2023
39.29
.15
(5.27
)
(5.12
)
-
(2.27
)
(2.27
)
31.90
(12.59
)4
-
5
.53
4
.46
4
2/28/2022
39.99
.08
1.92
2.00
-
(2.70
)
(2.70
)
39.29
4.55
4
-
5
.51
4
.18
4
Class 529-F-2:
2/28/2026
43.12
.13
6.15
6.28
-
(4.02
)
(4.02
)
45.38
14.97
352
.43
.30
2/28/2025
41.22
.19
5.29
5.48
(.25
)
(3.33
)
(3.58
)
43.12
13.25
310
.44
.43
2/29/2024
32.08
.22
10.32
10.54
(.37
)
(1.03
)
(1.40
)
41.22
33.35
269
.44
.61
2/28/2023
39.46
.18
(5.29
)
(5.11
)
-
(2.27
)
(2.27
)
32.08
(12.51
)
197
.43
.56
2/28/2022
40.13
.11
1.92
2.03
-
(2.70
)
(2.70
)
39.46
4.61
217
.45
.25
Class 529-F-3:
2/28/2026
43.12
.16
6.15
6.31
-
(4.02
)
(4.02
)
45.41
15.04
-
5
.38
.35
2/28/2025
41.22
.21
5.29
5.50
(.27
)
(3.33
)
(3.60
)
43.12
13.30
-
5
.38
.49
2/29/2024
32.08
.23
10.33
10.56
(.39
)
(1.03
)
(1.42
)
41.22
33.43
-
5
.39
.65
2/28/2023
39.45
.19
(5.29
)
(5.10
)
-
(2.27
)
(2.27
)
32.08
(12.48
)
-
5
.40
.59
2/28/2022
40.09
.13
1.93
2.06
-
(2.70
)
(2.70
)
39.45
4.69
-
5
.38
.31
Class R-1:
2/28/2026
35.60
(.25
)
5.03
4.78
-
(4.02
)
(4.02
)
36.36
13.87
51
1.42
(.68
)
2/28/2025
34.71
(.20
)
4.42
4.22
-
(3.33
)
(3.33
)
35.60
12.10
53
1.42
(.54
)
2/29/2024
27.14
(.11
)
8.71
8.60
-
(1.03
)
(1.03
)
34.71
32.06
63
1.42
(.38
)
2/28/2023
34.13
(.12
)
(4.60
)
(4.72
)
-
(2.27
)
(2.27
)
27.14
(13.37
)
55
1.42
(.44
)
2/28/2022
35.36
(.27
)
1.74
1.47
-
(2.70
)
(2.70
)
34.13
3.61
67
1.42
(.72
)
Refer to the end of the table(s) for footnote(s).
19
AMCAP Fund
Financial highlights (continued)
Income (loss) from
investment operations1
Dividends and distributions
Year ended
Net asset
value,
beginning
of year
Net
investment
income
(loss)
Net gains
(losses) on
securities
(both
realized and
unrealized)
Total from
investment
operations
Dividends
(from net
investment
income)
Distributions
(from capital
gains)
Total
dividends
and
distributions
Net asset
value, end
of year
Total
return2
Net assets,
end of year
(in millions)
Ratio of
expenses to
average
net assets3
Ratio of
net income
(loss) to
average
net assets
Class R-2:
2/28/2026
$35.58
$(.24
)
$5.01
$4.77
$-
$(4.02
)
$(4.02
)
$36.33
13.85
%
$547
1.43
%
(.65
)%
2/28/2025
34.69
(.20
)
4.42
4.22
-
(3.33
)
(3.33
)
35.58
12.11
678
1.42
(.55
)
2/29/2024
27.13
(.11
)
8.70
8.59
-
(1.03
)
(1.03
)
34.69
32.03
672
1.42
(.38
)
2/28/2023
34.12
(.12
)
(4.60
)
(4.72
)
-
(2.27
)
(2.27
)
27.13
(13.37
)
549
1.43
(.45
)
2/28/2022
35.35
(.28
)
1.75
1.47
-
(2.70
)
(2.70
)
34.12
3.62
661
1.43
(.73
)
Class R-2E:
2/28/2026
41.60
(.14
)
5.87
5.73
-
(4.02
)
(4.02
)
43.31
14.16
64
1.14
(.32
)
2/28/2025
39.95
(.11
)
5.09
4.98
-
6
(3.33
)
(3.33
)
41.60
12.43
91
1.13
(.27
)
2/29/2024
31.02
(.03
)
9.99
9.96
-
6
(1.03
)
(1.03
)
39.95
32.44
84
1.13
(.09
)
2/28/2023
38.50
(.05
)
(5.16
)
(5.21
)
-
(2.27
)
(2.27
)
31.02
(13.11
)
61
1.14
(.15
)
2/28/2022
39.47
(.18
)
1.91
1.73
-
(2.70
)
(2.70
)
38.50
3.90
75
1.13
(.43
)
Class R-3:
2/28/2026
40.64
(.09
)
5.76
5.67
-
(4.02
)
(4.02
)
42.29
14.36
821
.98
(.20
)
2/28/2025
39.08
(.04
)
4.99
4.95
(.06
)
(3.33
)
(3.39
)
40.64
12.62
957
.98
(.11
)
2/29/2024
30.35
.02
9.78
9.80
(.04
)
(1.03
)
(1.07
)
39.08
32.64
942
.98
.07
2/28/2023
37.68
-
6
(5.06
)
(5.06
)
-
(2.27
)
(2.27
)
30.35
(12.99
)
767
.98
-
7
2/28/2022
38.62
(.12
)
1.88
1.76
-
(2.70
)
(2.70
)
37.68
4.07
960
.98
(.28
)
Class R-4:
2/28/2026
42.46
.04
6.03
6.07
-
(4.02
)
(4.02
)
44.51
14.70
606
.68
.09
2/28/2025
40.66
.08
5.20
5.28
(.15
)
(3.33
)
(3.48
)
42.46
12.95
715
.68
.20
2/29/2024
31.59
.13
10.18
10.31
(.21
)
(1.03
)
(1.24
)
40.66
33.04
733
.68
.36
2/28/2023
38.99
.10
(5.23
)
(5.13
)
-
(2.27
)
(2.27
)
31.59
(12.72
)
612
.68
.30
2/28/2022
39.77
.01
1.91
1.92
-
(2.70
)
(2.70
)
38.99
4.37
803
.68
.02
Class R-5E:
2/28/2026
43.24
.15
6.13
6.28
-
(4.02
)
(4.02
)
45.50
14.93
158
.48
.32
2/28/2025
41.34
.17
5.29
5.46
(.23
)
(3.33
)
(3.56
)
43.24
13.17
202
.48
.39
2/29/2024
32.15
.20
10.35
10.55
(.33
)
(1.03
)
(1.36
)
41.34
33.31
172
.48
.55
2/28/2023
39.56
.17
(5.31
)
(5.14
)
-
(2.27
)
(2.27
)
32.15
(12.55
)
153
.48
.51
2/28/2022
40.23
.10
1.93
2.03
-
(2.70
)
(2.70
)
39.56
4.60
154
.48
.22
Class R-5:
2/28/2026
44.21
.17
6.31
6.48
-
(4.02
)
(4.02
)
46.67
15.03
243
.38
.37
2/28/2025
42.19
.22
5.39
5.61
(.26
)
(3.33
)
(3.59
)
44.21
13.29
259
.38
.50
2/29/2024
32.80
.24
10.57
10.81
(.39
)
(1.03
)
(1.42
)
42.19
33.47
277
.38
.66
2/28/2023
40.27
.20
(5.40
)
(5.20
)
-
(2.27
)
(2.27
)
32.80
(12.48
)
249
.38
.60
2/28/2022
40.87
.14
1.96
2.10
-
(2.70
)
(2.70
)
40.27
4.70
344
.38
.32
Class R-6:
2/28/2026
44.09
.19
6.29
6.48
-
(4.02
)
(4.02
)
46.55
15.10
28,084
.33
.41
2/28/2025
42.07
.24
5.39
5.63
(.28
)
(3.33
)
(3.61
)
44.09
13.36
25,508
.33
.54
2/29/2024
32.73
.26
10.54
10.80
(.43
)
(1.03
)
(1.46
)
42.07
33.52
24,227
.33
.71
2/28/2023
40.17
.22
(5.39
)
(5.17
)
-
(2.27
)
(2.27
)
32.73
(12.43
)
19,078
.33
.66
2/28/2022
40.76
.16
1.95
2.11
-
(2.70
)
(2.70
)
40.17
4.74
19,945
.33
.37
Refer to the end of the table(s) for footnote(s).
AMCAP Fund
20
Financial highlights (continued)
Year ended February 28 or 29,
20269
2025
2024
2023
2022
Portfolio turnover rate for all share classes8
36
%
36
%
27
%
31
%
28
%
1
Based on average shares outstanding.
2
Total returns exclude any applicable sales charges, including contingent deferred sales charges.
3
Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds.
4
All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or
accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total
return would have been lower.
5
Amount less than $1 million.
6
Amount less than $0.01.
7
Amount less than .01%.
8
Rates do not include the fund's portfolio activity with respect to any Central Funds.
9
Rates exclude in-kind transactions, if any.
Refer to the notes to financial statements.
21
AMCAP Fund
Report of Independent Registered Public Accounting Firm
To the Board of Trustees and Shareholders of AMCAP Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the investment portfolio, of AMCAP Fund (the "Fund") as of February 28, 2026, and the related statements of operations and changes in net assets, including the related notes, and the financial highlights for the year then ended February 28, 2026 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of February 28, 2026, and the results of its operations, the changes in its net assets and the financial highlights for the year then ended February 28, 2026 in conformity with accounting principles generally accepted in the United States of America.
The financial statements of the Fund as of and for the year ended February 28, 2025 and the financial highlights for each of the periods ended on or prior to February 28, 2025 (not presented herein, other than the statement of changes in net assets and the financial highlights) were audited by other auditors whose report dated April 10, 2025 expressed an unqualified opinion on those financial statements and financial highlights.
Basis for Opinion
These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026, by correspondence with the custodian, transfer agent and brokers. We believe that our audit provides a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Los Angeles, California
April 13, 2026
We have served as the auditor of one or more investment companies in The Capital Group group of investment companies since 1934.
AMCAP Fund
22
Tax informationunaudited
We are required to advise you of the federal tax status of certain distributions received by shareholders during the fiscal year. The fund hereby designates the following amounts for the fund's fiscal year ended February 28, 2026:
Long-term capital gains
$8,236,013,000
U.S. government income that may be exempt from state taxation
$21,280,000
Individual shareholders should refer to their Form 1099 or other tax information, which will be mailed in January 2026, to determine the calendar year amounts to be included on their 2026 tax returns. Shareholders should consult their tax advisors.
23
Changes in and disagreements with accountants
On September 11, 2025, Deloitte & Touche LLP ("D&T") was dismissed and PricewaterhouseCoopers LLP ("PwC") was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations.
D&T's reports on the fund's financial statements as of and for the fiscal years ended February 29, 2024 and February 28, 2025 did not contain an adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope or accounting principles. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, (i) were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of D&T, would have caused them to make reference to the subject matter of the disagreements in connection with their reports on the fund's financial statements for such periods, and (ii) there were no "reportable events" of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended. The fund requested that D&T furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter was filed as an exhibit to the fund's Form N-CSR for the period ended August 31, 2025.
During the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, neither the fund, nor anyone on its behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the fund's financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of said Item 304).
AMCAP Fund
24
Matters submitted for shareholder vote
Results of special meeting of shareholders
Held November 25, 2025
Shares outstanding (all classes) on August 28, 2025 (record date):
2,105,544,385
Total shares voting on November 25, 2025:
1,805,807,513 (85.8% of shares outstanding)
The proposal: To elect board members
Board member
Votes for
Percent
of shares
voting for
Votes withheld
Percent
of shares
withheld
Noriko Honda Chen
1,771,341,091
98.1%
34,466,422
1.9%
Mathews Cherian
1,771,991,702
98.1%
33,815,811
1.9%
John G. Freund
1,769,953,927
98.0%
35,853,586
2.0%
Pablo R. González Guajardo
1,629,235,741
90.2%
176,571,772
9.8%
Pedro J. Greer, Jr.
1,771,518,367
98.1%
34,289,146
1.9%
Merit E. Janow
1,770,753,940
98.1%
35,053,573
1.9%
William D. Jones
1,771,018,083
98.1%
34,789,430
1.9%
Earl Lewis, Jr.
1,771,346,632
98.1%
34,460,881
1.9%
Kenneth M. Simril
1,771,815,233
98.1%
33,992,280
1.9%
Christopher E. Stone
1,771,488,144
98.1%
34,319,369
1.9%
Kathy J. Williams
1,772,538,015
98.2%
33,269,498
1.8%
Amy Zegart
1,774,044,379
98.2%
31,763,134
1.8%
Remuneration paid to directors, officers and others
Refer to the trustees' deferred compensation disclosure in the notes to financial statements.
25
AMCAP Fund
Approval of Investment Advisory and Service Agreement
The fund's board has approved the continuation of the fund's Investment Advisory and Service Agreement (the "agreement") with Capital Research and Management Company ("CRMC") for an additional one-year term through January 31, 2027. The board approved the agreement following the recommendation of the fund's Contracts Committee (the "committee"), which is composed of all the fund's independent board members. The board and the committee determined in the exercise of their business judgment that the fund's advisory fee structure was fair and reasonable in relation to the services provided, and that approving the agreement was in the best interests of the fund and its shareholders.
In reaching this decision, the board and the committee took into account their interactions with CRMC and information furnished to them throughout the year and otherwise provided to them, as well as information prepared specifically in connection with their review of the agreement, and they were advised by their independent counsel with respect to the matters considered. They considered the following factors, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor, and each board and committee member did not necessarily attribute the same weight to each factor.
1. Nature, extent and quality of services
The board and the committee considered the depth and quality of CRMC's investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of CRMC and the Capital Group organization; the resources and systems CRMC devotes to investment management (the manner in which the fund's assets are managed, including liquidity management), financial, investment operations, compliance, trading, proxy voting, shareholder communications, and other services; and the ongoing evolution of CRMC's organizational structure designed to maintain and strengthen these qualities. The board and the committee also considered the nature, extent and quality of administrative and shareholder services provided by CRMC to the fund under the agreement and other agreements, as well as the benefits to fund shareholders from investing in a fund that is part of a large family of funds. The board and the committee considered the risks assumed by CRMC in providing services to the fund, including operational, business, financial, reputational, regulatory and litigation risks. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.
2. Investment results
The board and the committee considered the investment results of the fund in light of its objective. They compared the fund's investment results with those of other funds (including funds that currently form the basis of the Lipper index for the category in which the fund is included) and data such as publicly disclosed benchmarks, including applicable market and fund indexes over various periods (including the fund's lifetime) through June 30, 2025. They generally placed greater emphasis on investment results over longer term periods and relative to benchmarks consistent with the fund's objective. On the basis of this evaluation and the board's and the committee's ongoing review of investment results, and considering the relative market conditions during certain reporting periods, the board and the committee concluded that the fund's investment results have been satisfactory for renewal of the agreement, and that CRMC's record in managing the fund indicated that its continued management should benefit the fund and its shareholders.
3. Advisory fees and total expenses
The board and the committee compared the advisory fees and total expense levels of the fund to those of other relevant funds. They observed that the fund's advisory fees and expenses are competitive with, and compared favorably to those of other similar funds included in the comparable Lipper category. The board and the committee also considered the breakpoint discounts in the fund's advisory fee structure that reduce the level of fees charged by CRMC to the fund as fund assets increase. In addition, they reviewed information regarding the effective advisory fees charged to non-mutual fund clients by CRMC and its affiliates. They noted that, to the extent there were differences between the advisory fees paid by the fund and the advisory fees paid by those clients, the differences appropriately reflected the investment, operational, regulatory and market differences between advising the fund and the other clients. The board and the committee concluded that the fund's cost structure was fair and reasonable in relation to the services provided, as well as in relation to the risks assumed by the adviser in sponsoring and managing the fund, and that the fund's shareholders receive reasonable value in return for the advisory fees and other amounts paid to CRMC by the fund.
AMCAP Fund
26
4. Ancillary benefits
The board and the committee considered a variety of other benefits that CRMC and its affiliates receive as a result of CRMC's relationship with the fund and other American Funds, including fees for administrative services provided to certain share classes; fees paid to CRMC's affiliated transfer agent; sales charges and distribution fees received and retained by the fund's principal underwriter, an affiliate of CRMC; and possible ancillary benefits to CRMC and its institutional management affiliates in managing other investment vehicles. The board and the committee reviewed CRMC's portfolio trading practices, noting that CRMC bears the cost of third-party research. The board and committee also noted that CRMC benefited from the use of commissions from portfolio transactions made on behalf of the fund to facilitate payment to certain broker-dealers for research to comply with regulatory requirements applicable to these firms, with all such amounts reimbursed by CRMC. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of the advisory fees and other amounts paid to CRMC by the fund.
5. Adviser financial information
The board and the committee reviewed information regarding CRMC's costs of providing services to the American Funds, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC's costs and related cost allocation methodology, as well as its track record of investing in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments, and attract and retain qualified personnel. They noted information regarding the compensation structure for CRMC's investment professionals. They reviewed information on the profitability of the investment adviser and its affiliates. The board and the committee also compared CRMC's profitability and compensation data to the reported results and data of a number of large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC's long-term profitability for maintaining its independence, company culture and management continuity. They further considered the breakpoint discounts in the fund's advisory fee structure and CRMC's sharing of potential economies of scale, or efficiencies, through breakpoints and other fee reductions and costs voluntarily absorbed. The board and the committee concluded that the fund's advisory fee structure reflected a reasonable sharing of benefits between CRMC and the fund's shareholders.
27
AMCAP Fund


ITEM 8 - Changes in and Disagreements with Accountants for Open-End Management Investment Companies

On September 11, 2025, Deloitte & Touche LLP ("D&T") was dismissed and PricewaterhouseCoopers LLP ("PwC") was appointed as the fund's independent registered public accounting firm for the fiscal year ending February 28, 2026 audit. The change in the fund's independent registered public accounting firm was approved by the fund's board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations.

D&T's reports on the fund's financial statements as of and for the fiscal years ended February 29, 2024 and February 28, 2025 did not contain an adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope or accounting principles. At no point during the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, (i) were there any disagreements between management and D&T on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of D&T, would have caused them to make reference to the subject matter of the disagreements in connection with their reports on the fund's financial statements for such periods, and (ii) there were no "reportable events" of the kind described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended. The fund requested that D&T furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter was filed as an exhibit to the fund's Form N-CSR for the period ended August 31, 2025.

During the fund's fiscal years ended February 29, 2024 and February 28, 2025 and the subsequent interim period through September 11, 2025, neither the fund, nor anyone on its behalf, consulted with PwC on items which: (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the fund's financial statements; or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of said Item 304).


ITEM 9 - Proxy Disclosures for Open-End Management Investment Companies

The information is included as part of the material filed under Item 7 of this Form under Matters submitted for shareholder vote.


ITEM 10 - Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies

The information is included as part of the material filed under Item 7 of this Form within the trustees' deferred compensation disclosure in the notes to financial statements.


ITEM 11 - Statement Regarding Basis for Approval of Investment Advisory Contract

The information is included as part of the material filed under Item 7 of this Form under Approval of Investment Advisory and Service Agreement.


ITEM 12 - Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.


ITEM 13 - Portfolio Managers of Closed-End Management Investment Companies

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.


ITEM 14 - Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.


ITEM 15 - Submission of Matters to a Vote of Security Holders

There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant's board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ''interested persons'' of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board's composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. The committee also coordinates annual self-assessments of the board and evaluates, selects and nominates independent trustee candidates to the full board of trustees. While the committee normally is able to identify from its own and other resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant's Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.


ITEM 16 - Controls and Procedures

(a) The Registrant's Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant's disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this report, that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

(b) There were no changes in the Registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.


ITEM 17 - Disclosure of Securities Lending Activities for Closed-End Management Investment Companies

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.


ITEM 18 - Recovery of Erroneously Awarded Compensation

None


ITEM 19 - Exhibits

(a)(1) Code of Ethics - See Item 2

(a)(2) The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections and of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

AMCAP Fund

By /s/ Donald H. Rolfe

Donald H. Rolfe,

Principal Executive Officer

Date: April 30, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By /s/ Donald H. Rolfe

Donald H. Rolfe,

Principal Executive Officer

Date: April 30, 2026

By /s/ Mariah L. Coria

Mariah L. Coria, Treasurer and

Principal Financial Officer

Date: April 30, 2026


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