- Business
- American Funds EuroPacific Growth Fund (ticker: AEPFX), now known as EUPAC Fund Class F-2, is a mutual fund managed by Capital Group that seeks long-term growth of capital by investing primarily in common stocks of issuers based in Europe and the Pacific Basin, including emerging markets; the fund normally invests at least 80% of its net assets in such securities, with a portfolio spanning financials, industrials, information technology, consumer discretionary, materials, health care, communication services, consumer staples, energy, utilities, and real estate, featuring top holdings such as Novo Nordisk, Taiwan Semiconductor Manufacturing, SAP SE, ASML Holding, and Reliance Industries. Launched in 1984 with its Class F-2 shares introduced on August 1, 2008, the fund is domiciled in the United States, headquartered at Capital Group's offices in Los Angeles, California, and operates globally with heavy exposure to Europe & Middle East (approximately 50%), Japan (12-13%), emerging markets ex-China (18-19%), Canada (6-7%), China (5%), and minimal U.S. equities (3-4%), targeting institutional and retail investors seeking foreign large-growth equity exposure through its no-load share class with an expense ratio of 0.58% and portfolio turnover of 35%. The fund is part of the American Funds family, advised by Capital Research and Management Company, with a team of 11-12 portfolio managers including veterans like Nick Grace, Carl Kawaja, and Sung Lee. In June 2025, the fund underwent a significant name change from EuroPacific Growth Fund to EUPAC Fund to comply with the U.S. Securities and Exchange Commission's amended Names Rule (Rule 35d-1), preserving its investment flexibility without altering objectives, strategies, ticker symbols, or performance; additionally, in November 2024, portfolio manager Noriko Chen departed the management team after four and a half years overseeing about 3% of assets, reducing named managers to 11 while she remained with the firm, an adjustment that did not impact Morningstar Medalist Ratings across share classes.