# EDGAR Filing Document

**Accession Number:** 0000794458
**File Stem:** 0000051931-26-000103
**Filing Date:** 2026-2
**Character Count:** 25991
**Document Hash:** 8fee8acd99ed47732bda13c6fcf6e155
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000051931-26-000103.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0000051931-26-000103

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260130

**EFFECTIVENESS DATE**: 20260202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMERGING MARKETS EQUITIES FUND INC
- **CENTRAL INDEX KEY:** 0000794458

**ORGANIZATION NAME:**
- **EIN:** 954026510
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-74995
- **FILM NUMBER:** 26584989

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 310-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EMERGING MARKETS GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### EMERGING MARKETS EQUITIES FUND, INC (Series ID: S000011439)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000031644 | Class M      | EMRGX           |
| C000192775 | Class F-3    | EMGEX           |
| C000192776 | Class R-6    | REFGX           |
| C000260637 | Class F-2    | EMEEX           |

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| | |
|:---|:---|
| **Emerging Markets Equities<br> Fund, Inc.<br> (formerly, Emerging Markets Growth Fund, Inc.)**<br> Summary prospectus<br> February 2, 2026 | ![](graphicsimage_001.jpg) |

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<br> <u>Class</u> <u>M</u> <u>F-2</u> <u>F-3</u> <u>R-6</u> <br> EMRGX EMEEX EMGEX REFGX

Investment objective

The fund's investment objective is to seek long-term capital growth.

Fees and expenses of the fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.** For example, in addition to the fees and expenses described below, you may also be required to pay brokerage commissions on purchases and sales of Class F-2 or F-3 shares of the fund.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Shareholder fees** **(fees paid directly from your investment)** | **Shareholder fees** **(fees paid directly from your investment)** | **Shareholder fees** **(fees paid directly from your investment)** | **Shareholder fees** **(fees paid directly from your investment)** | **Shareholder fees** **(fees paid directly from your investment)** |
| Share class: | M | F-2 | F-3 | R-6 |
| Maximum sales charge (load) imposed on purchases (as a percentage of offering price) |  |  |  |  |
| Maximum deferred sales charge (load) (as a percentage of the amount redeemed) |  |  |  |  |
| Maximum sales charge (load) imposed on reinvested dividends |  |  |  |  |
| Redemption or exchange fees |  |  |  |  |

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**Before you invest, you may want to review the fund's prospectus and statement of additional information, which contain more information about the fund and its risks. You can find the fund's prospectus, statement of additional information, reports to shareholders and other information about the fund online at capitalgroup.com/prospectus. You can also get this information at no cost by calling (800) 421-4225 or by sending an email request to prospectus@americanfunds.com. The current prospectus and statement of additional information, dated February 2, 2026, are incorporated by reference into this summary prospectus.**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Annual fund operating expenses** (expenses that you pay each year as a percentage of the net asset value of your investment) | **Annual fund operating expenses** (expenses that you pay each year as a percentage of the net asset value of your investment) | **Annual fund operating expenses** (expenses that you pay each year as a percentage of the net asset value of your investment) | **Annual fund operating expenses** (expenses that you pay each year as a percentage of the net asset value of your investment) | **Annual fund operating expenses** (expenses that you pay each year as a percentage of the net asset value of your investment) |
| Share class: | M | F-2 | F-3 | R-6 |
| Management fees | 0.62% | 0.62% | 0.62% | 0.62% |
| Distribution and/or service (12b-1) fees |  |  |  |  |
| Other expenses | 0.15<sup>1</sup> | 0.32<sup>2</sup> | 0.18<sup>1</sup> | 0.18<sup>1</sup> |
| Total annual fund operating expenses | 0.77 | 0.94 | 0.80 | 0.80 |
| Expense reimbursement<sup>3</sup> | 0.06 | 0.06 | 0.06 | 0.06 |
| Total annual fund operating expenses after expense reimbursement | 0.71 | 0.88 | 0.74 | 0.74 |

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<sup>1</sup>Restated to reflect current fees.

<sup>2</sup>Based on estimated amounts for the current fiscal year.

<sup>3</sup>The investment adviser is currently reimbursing a portion of the other expenses. This reimbursement will be in effect through at least September 1, 2026. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.

**Example** This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem or hold all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund's operating expenses remain the same. The example reflects the expense reimbursement described above through the expiration date of such reimbursement and total annual fund operating expenses thereafter. You may be required to pay brokerage commissions on your purchases and sales of Class F-2 or F-3 shares of the fund, which are not reflected in the example. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

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| | | | | |
|:---|:---|:---|:---|:---|
| Share class: | M | F-2 | F-3 | R-6 |
| 1 year | $73 | $90 | $76 | $76 |
| 3 years | 240 | 294 | 249 | 249 |
| 5 years | 422 | 514 | 438 | 438 |
| 10 years | 949 | 1149 | 984 | 984 |

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**Portfolio turnover** The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's investment results. During the most recent fiscal year, the fund's portfolio turnover rate was 57% of the average value of its portfolio.

1&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets Equities Fund, Inc. / Summary prospectus

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Principal investment strategies The fund invests primarily in common stock and other equity securities of issuers in developing countries. Developing countries are also known as "emerging markets." In determining whether an issuer is in a developing country, the fund will consider, among other things, whether the country is generally considered to be a developing country by the international financial community, where the issuer is domiciled and/or the location of the issuer's principal place of business. Equity securities are securities that exhibit ownership characteristics, including common and preferred stock, securities convertible into common and preferred stock and depository receipts representing ownership in common and preferred stock. The fund's investments are not limited to a particular capitalization size and may include investments in smaller companies. Under normal market conditions, the fund invests at least 90% of its net assets in developing country equity securities. These securities are discussed more fully under "Investment objective, strategies and risks."

The fund may have significant exposure to one or more developing countries. For example, as of December 31, 2024, the fund held more than 30% of its assets in securities of issuers domiciled in China. See the paragraphs captioned "Investing outside the United States," "Investing in developing countries" and "Exposure to country, region, industry or sector" under "Principal risks" below for a description of risks associated with such investments. More current portfolio holdings information for the fund is available on our website at capitalgroup.com.

The investment adviser uses a system of multiple portfolio managers in managing the fund's assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund's portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively valued companies that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

Emerging Markets Equities Fund, Inc. / Summary prospectus&nbsp;&nbsp;&nbsp;&nbsp; 2

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Principal risks **This section describes the principal risks associated with investing in the fund. You may lose money by investing in the fund. The likelihood of loss may be greater if you invest for a shorter period of time.** 

*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 outside the United States* — Securities of issuers domiciled outside the United States or with significant operations or revenues outside the United States, and securities tied economically to countries outside the United States, 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 United States. Investments outside the United States 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 United States. In addition, the value of investments outside the United States may be reduced by foreign taxes, including

3&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets Equities Fund, Inc. / Summary prospectus

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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 United States may be heightened in connection with investments in developing countries.

*Investing in developing countries* — Investing in countries with developing economies and/or markets may involve risks in addition to and greater than those generally associated with investing in the securities markets of developed countries. For instance, developing countries tend to have less developed political, economic and legal systems than those in developed countries. Accordingly, the governments of these countries may be less stable and more likely to intervene in the market economy, for example, by imposing capital controls, nationalizing a company or industry, placing restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or imposing punitive taxes that could adversely affect the prices of securities. Information regarding issuers in developing countries may be limited, incomplete or inaccurate, and such issuers may not be subject to regulatory, accounting, auditing, and financial reporting and recordkeeping standards comparable to those to which issuers in developed countries are subject. The fund's rights with respect to its investments in developing countries, if any, will generally be governed by local law, which may make it difficult or impossible for the fund to pursue legal remedies or to obtain and enforce judgments in local courts. In addition, the economies of these countries may be dependent on relatively few industries, may have limited access to capital and may be more susceptible to changes in local and global trade conditions and downturns in the world economy. Securities markets in these countries can also be relatively small and have substantially lower trading volumes. As a result, securities issued in these countries may be more volatile and less liquid, more vulnerable to market manipulation, and more difficult to value, than securities issued in countries with more developed economies and/or markets. Less certainty with respect to security valuations may lead to additional challenges and risks in calculating the fund's net asset value. Additionally, developing countries are more likely to experience problems with the clearing and settling of trades and the holding of securities by banks, agents and depositories that are less established than those in developed countries.

*Exposure to country, region, industry or sector* — Subject to the fund's investment limitations, the fund may have significant exposure to a particular country, region, industry or sector. Such exposure may cause the fund to be more impacted by risks relating to and developments affecting the country, region, industry or sector, and thus its net asset value may be more volatile, than a fund without such levels of exposure. For example, if the fund has significant exposure in a particular country, then social, economic, regulatory or other issues that negatively affect that country may have a greater impact on the fund than on a fund that is more geographically diversified.

*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 in small companies* — Investing in smaller companies may pose additional risks. For example, it is often more difficult to value or dispose of small company stocks and more difficult to obtain information about smaller companies than about larger companies. Furthermore, smaller companies often have limited product lines, operating

Emerging Markets Equities Fund, Inc. / Summary prospectus&nbsp;&nbsp;&nbsp;&nbsp; 4

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histories, markets and/or financial resources, may be dependent on one or a few key persons for management, and can be more susceptible to losses. Moreover, the prices of their stocks may be more volatile than stocks of larger, more established companies, particularly during times of market turmoil.

*Investing in depositary receipts* — Depositary receipts are securities that evidence ownership interests in, and represent the right to receive, a security or a pool of securities that have been deposited with a bank or trust depository. Such securities may be less liquid or may trade at a lower price than the underlying securities of the issuer. Additionally, receipt of corporate information about the underlying issuer and proxy disclosure may not be timely and there may not be a correlation between such information and the market value of the depositary receipts.

*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.

Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. You should consider how this fund fits into your overall investment program.

Investment results

The following bar chart shows how the fund's investment results have varied from year to year, and the following table shows how the fund's average annual total returns for various periods compare with a broad measure of securities market results and, if applicable, other measures of market results that reflect the fund's investment universe. This information provides some indication of the risks of investing in the fund. Past results (before and after taxes) are not predictive of future results. Updated information on the fund's investment results can be obtained by visiting capitalgroup.com/us/emgfinfo. Returns for Class F-2 shares are not shown because the share class had not commenced operations as of December 31, 2024.

![](graphicsimage_002.jpg)

5&nbsp;&nbsp;&nbsp;&nbsp; Emerging Markets Equities Fund, Inc. / Summary prospectus

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Average annual total returns** For the periods ended December 31, 2024: | **Average annual total returns** For the periods ended December 31, 2024: | **Average annual total returns** For the periods ended December 31, 2024: | **Average annual total returns** For the periods ended December 31, 2024: | **Average annual total returns** For the periods ended December 31, 2024: | **Average annual total returns** For the periods ended December 31, 2024: |
| Share class | Inception date | 1 year | 5 years | 10 years | Lifetime |
| **M** - Before taxes | 5/30/1986 | 2.60% | 0.15% | 3.42% | 11.21% |
| &nbsp;&nbsp;&nbsp;- After taxes on distributions |  | 2.60 | –0.62 | 2.66 | N/A |
| &nbsp;&nbsp;&nbsp;- After taxes on distributions and sale of fund shares | &nbsp;&nbsp;&nbsp;- After taxes on distributions and sale of fund shares | 2.17 | 0.44 | 2.78 | N/A |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Share classes** (before taxes) | Inception date | 1 year | 5 years | 10 years | Lifetime |
| **F-3** | 9/1/2017 | 2.43% | 0.07% | N/A | 2.02% |
| R-6 | 9/1/2017 | 2.56 | 0.07 | N/A | 2.00 |

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| | | | | |
|:---|:---|:---|:---|:---|
| Index\* | 1 year | 5 years | 10 years | **Lifetime**<br>**(from Class M**<br>**inception)** |
| MSCI Emerging Markets Index (reflects no deductions for expenses or U.S. federal income taxes) | 7.50% | 1.70% | 3.64% | N/A |
| Emerging Markets Equity Historical Benchmark Index (reflects no deductions for expenses or U.S. federal income taxes) | 7.09 | 2.51 | 3.90 | 9.01 |
| MSCI Emerging Markets Investable Market Index (IMI) (reflects no deductions for expenses or U.S. federal income taxes) | 7.09 | 2.51 | 3.90 | N/A |

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\*Effective June 2, 2025, the fund's primary benchmark changed from the Emerging Markets Equity Historical Benchmark Index (formerly known as the MSCI Emerging Markets Investable Market Index (IMI) (linked index)) (the "Previous Primary Benchmark") to the MSCI Emerging Markets Index, a broad-based index that represents the overall applicable securities market, as required by the U.S. Securities and Exchange Commission ("SEC"). The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe over the fund's lifetime. There is no change in the fund's investment strategies as a result of the benchmark change.

After-tax returns are shown only for Class M shares; after-tax returns for other share classes will vary. After-tax returns applicable to U.S. taxable investors are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Your actual after-tax returns depend on your individual tax situation and likely will differ from the results shown above. In addition, after-tax returns are not relevant if you hold your fund shares through a tax-favored arrangement, such as a 401(k) plan or individual retirement account (IRA).

Emerging Markets Equities Fund, Inc. / Summary prospectus&nbsp;&nbsp;&nbsp;&nbsp; 6

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Management

**Investment adviser** Capital International, Inc.**

**Portfolio managers** The individuals primarily responsible for the portfolio management of the fund are:**

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| | | |
|:---|:---|:---|
| Portfolio manager/ Fund title (if applicable) | **Portfolio manager**<br>**in this fund since:** | Primary title with investment adviser |
| **Arthur Caye** President | 2017 | Partner – Capital International Investors |
| **Patricio Ciarfaglia** | 2024 | Partner – Capital International Investors |
| **Saurav Jain** | 2025 | Partner – Capital International Investors |
| **Samir Parekh** | 2019 | Partner – Capital International Investors |

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Purchase and sale of fund shares The minimum amount to establish an account for all share classes is normally $250 and the minimum to add to an account is $50. For a payroll deduction retirement plan account or payroll deduction savings plan account, the minimum is $25 to establish or add to an account. For accounts with Class F-3 shares held and serviced by the fund's transfer agent, the minimum investment amount is $1 million.

If you are a retail investor, you may sell (redeem) shares on any business day through your dealer or financial professional or by writing to American Funds Service Company<sup>®</sup> at P.O. Box 6007, Indianapolis, Indiana 46206-6007; telephoning American Funds Service Company at (800) 421-4225 or faxing American Funds Service Company at (888) 421-4351. Please contact your plan administrator or recordkeeper to sell (redeem) shares from your retirement plan.

Tax information Dividends and capital gain distributions you receive from the fund are subject to federal income taxes and may also be subject to state and local taxes, unless you are tax-exempt or your account is tax-favored (in which case you may be taxed later, upon withdrawal of your investment from such account).

Payments to broker-dealers and other financial intermediaries If you purchase shares of the fund through a broker-dealer or other financial intermediary (such as a bank), the fund and the fund's distributor or its affiliates may pay the intermediary for the sale of fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your individual financial professional to recommend the fund over another investment. Ask your individual financial professional or visit your financial intermediary's website for more information.

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|:---|:---|
| You can access the fund's statutory prospectus or SAI at capitalgroup.com/prospectus. | You can access the fund's statutory prospectus or SAI at capitalgroup.com/prospectus. |
| ![](graphicsimage_003.jpg) | MFGEIPX-015-0226P <br>Litho in USA CGD/TM<br>Investment Company File No. 811-04692 |

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