New World Fund®
Investment portfolio
July 31, 2024unaudited
Common stocks 90.89% Financials 16.23% | Shares | Value (000) | |
Nu Holdings, Ltd., Class A1 | 56,091,355 | $680,388 | |
Banco Bilbao Vizcaya Argentaria, SA | 57,502,306 | 604,278 | |
AIA Group, Ltd. | 79,476,155 | 529,695 | |
PB Fintech, Ltd.1,2 | 28,905,984 | 503,378 | |
Capitec Bank Holdings, Ltd. | 3,114,981 | 484,914 | |
Bank Mandiri (Persero) Tbk PT | 1,141,168,411 | 451,643 | |
Bank Central Asia Tbk PT | 706,842,700 | 448,733 | |
Mastercard, Inc., Class A | 902,936 | 418,700 | |
Kotak Mahindra Bank, Ltd. | 16,545,808 | 358,826 | |
HDFC Bank, Ltd. | 18,263,629 | 351,708 | |
XP, Inc., Class A | 16,399,888 | 280,602 | |
Cholamandalam Investment and Finance Co., Ltd. | 15,950,976 | 270,942 | |
Ping An Insurance (Group) Company of China, Ltd., Class H | 60,593,500 | 262,405 | |
Visa, Inc., Class A | 954,367 | 253,547 | |
Axis Bank, Ltd. | 18,149,874 | 253,495 | |
AU Small Finance Bank, Ltd. | 28,669,552 | 221,792 | |
Eurobank Ergasias Services and Holdings SA | 93,205,464 | 213,495 | |
Shriram Finance, Ltd. | 5,621,969 | 197,514 | |
B3 SA - Brasil, Bolsa, Balcao | 96,751,519 | 185,595 | |
ICICI Bank, Ltd. (ADR) | 2,998,731 | 87,293 | |
ICICI Bank, Ltd. | 5,348,760 | 77,882 | |
S&P Global, Inc. | 308,793 | 149,681 | |
Discovery, Ltd. | 17,642,482 | 138,154 | |
Power Finance Corp., Ltd. | 19,970,893 | 132,731 | |
Bank of the Philippine Islands | 60,674,985 | 126,119 | |
Bajaj Finserv, Ltd. | 6,158,519 | 121,779 | |
Bajaj Finance, Ltd. | 1,480,400 | 120,719 | |
Canara Bank | 85,350,880 | 117,345 | |
National Bank of Greece SA | 13,311,929 | 116,990 | |
Grupo Financiero Banorte, SAB de CV, Series O | 14,889,537 | 111,574 | |
Hong Kong Exchanges and Clearing, Ltd. | 3,461,700 | 102,079 | |
Erste Group Bank AG | 1,921,900 | 99,760 | |
Aon PLC, Class A | 292,156 | 95,976 | |
Commercial International Bank - Egypt (CIB) SAE (GDR) | 40,760,109 | 67,170 | |
Commercial International Bank - Egypt (CIB) SAE | 11,776,605 | 20,199 | |
REC, Ltd. | 11,048,568 | 85,489 | |
HSBC Holdings PLC (GBP denominated) | 8,667,906 | 78,404 | |
Alpha Services and Holdings SA | 37,673,000 | 69,583 | |
BDO Unibank, Inc. | 28,097,320 | 65,676 | |
Banco BTG Pactual SA, units | 11,132,478 | 64,183 | |
Edenred SA | 1,490,498 | 61,956 | |
Kaspi.kz JSC (ADR) | 475,705 | 61,903 | |
Brookfield Corp., Class A | 1,218,800 | 59,416 | |
Bank of Baroda | 18,452,271 | 55,902 | |
DBS Group Holdings, Ltd. | 2,023,181 | 55,474 | |
Moody’s Corp. | 118,550 | 54,116 | |
New World Fund — Page 1 of 19
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) | |
China Merchants Bank Co., Ltd., Class H | 12,973,000 | $53,656 | |
Bank Rakyat Indonesia (Persero) Tbk PT | 170,553,900 | 49,196 | |
Max Financial Services, Ltd.1 | 3,260,000 | 43,433 | |
Akbank TAS | 22,632,931 | 42,266 | |
BNP Paribas SA | 612,734 | 41,969 | |
China Construction Bank Corp., Class H | 55,813,877 | 38,905 | |
Emirates NBD Bank PJSC | 6,660,257 | 34,669 | |
Prudential PLC | 3,585,000 | 32,010 | |
Jio Financial Services, Ltd.1 | 6,003,420 | 23,657 | |
Bank of Ningbo Co., Ltd., Class A | 7,434,120 | 22,081 | |
Haci Ömer Sabanci Holding AS | 6,912,547 | 20,738 | |
Société Générale | 598,543 | 15,493 | |
TISCO Financial Group PCL, foreign registered shares | 1,782,000 | 4,635 | |
Sberbank of Russia PJSC3 | 38,486,552 | — 4 | |
Moscow Exchange MICEX-RTS PJSC3 | 5,963,587 | — 4 | |
9,791,911 | |||
Information technology 15.54% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. | 74,147,816 | 2,131,316 | |
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) | 150,200 | 24,903 | |
Microsoft Corp. | 3,631,369 | 1,519,183 | |
NVIDIA Corp. | 7,294,558 | 853,609 | |
Broadcom, Inc. | 4,939,480 | 793,676 | |
ASML Holding NV | 597,290 | 548,672 | |
Samsung Electronics Co., Ltd. | 6,773,500 | 416,464 | |
Keyence Corp. | 759,300 | 330,318 | |
Synopsys, Inc.1 | 566,856 | 316,487 | |
SAP SE | 1,380,912 | 291,354 | |
SAP SE (ADR)5 | 83,800 | 17,732 | |
SK hynix, Inc. | 1,908,532 | 277,029 | |
Capgemini SE | 1,103,471 | 219,001 | |
Apple, Inc. | 929,951 | 206,524 | |
ASM International NV | 255,167 | 175,965 | |
Coforge, Ltd. | 2,112,508 | 159,327 | |
Tokyo Electron, Ltd. | 753,000 | 152,040 | |
MediaTek, Inc. | 3,056,130 | 115,833 | |
Tata Consultancy Services, Ltd. | 1,722,507 | 90,460 | |
Disco Corp. | 272,500 | 89,153 | |
E Ink Holdings, Inc. | 10,120,000 | 83,052 | |
eMemory Technology, Inc. | 1,108,000 | 79,052 | |
Applied Materials, Inc. | 371,416 | 78,814 | |
TDK Corp. | 1,066,900 | 74,307 | |
Globant SA1 | 352,506 | 68,636 | |
Advantech Co., Ltd. | 4,521,000 | 48,046 | |
Wolfspeed, Inc.1,5 | 1,887,288 | 35,575 | |
Micron Technology, Inc. | 244,341 | 26,834 | |
Oracle Corp. | 165,382 | 23,063 | |
NICE, Ltd. (ADR)1,5 | 124,995 | 22,624 | |
EPAM Systems, Inc.1 | 102,765 | 22,108 | |
Intel Corp. | 703,903 | 21,638 | |
Accenture PLC, Class A | 54,543 | 18,033 | |
Hamamatsu Photonics KK | 580,900 | 16,746 | |
New World Fund — Page 2 of 19
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Lasertec Corp.5 | 84,480 | $14,973 | |
Canva, Inc.1,3,6 | 10,572 | 11,277 | |
9,373,824 | |||
Industrials 11.19% | |||
Airbus SE, non-registered shares | 4,848,901 | 732,233 | |
International Container Terminal Services, Inc. | 83,802,870 | 509,757 | |
Safran SA | 2,249,470 | 493,274 | |
Techtronic Industries Co., Ltd. | 25,781,000 | 333,497 | |
Rumo SA | 75,382,736 | 295,206 | |
Larsen & Toubro, Ltd. | 5,982,780 | 273,892 | |
Copa Holdings, SA, Class A | 2,776,000 | 246,370 | |
Rolls-Royce Holdings PLC1 | 40,087,296 | 231,248 | |
Grupo Aeroportuario del Pacífico, SAB de CV, Class B | 12,524,067 | 199,816 | |
Grupo Aeroportuario del Pacífico, SAB de CV, Class B (ADR) | 158,266 | 25,321 | |
Carrier Global Corp. | 2,760,919 | 188,046 | |
Daikin Industries, Ltd. | 1,294,600 | 187,494 | |
Shenzhen Inovance Technology Co., Ltd., Class A | 28,893,903 | 186,270 | |
Airports of Thailand PCL, foreign registered shares | 110,994,700 | 176,461 | |
General Electric Co. | 1,036,436 | 176,401 | |
TransDigm Group, Inc. | 132,060 | 170,915 | |
Mitsui & Co., Ltd. | 6,268,000 | 146,212 | |
BAE Systems PLC | 8,725,852 | 145,664 | |
Schneider Electric SE | 478,683 | 115,169 | |
Boeing Co.1 | 589,592 | 112,376 | |
SMC Corp. | 223,900 | 109,447 | |
Siemens AG | 590,381 | 108,220 | |
Contemporary Amperex Technology Co., Ltd., Class A | 4,047,121 | 104,029 | |
Caterpillar, Inc. | 282,000 | 97,628 | |
ZTO Express (Cayman), Inc., Class A (ADR) | 4,715,667 | 89,362 | |
Wizz Air Holdings PLC1 | 3,622,914 | 88,927 | |
IMCD NV | 617,841 | 88,910 | |
DSV A/S | 467,960 | 85,844 | |
CCR SA, ordinary nominative shares | 36,743,892 | 80,424 | |
Thales SA | 492,906 | 78,206 | |
Grab Holdings, Ltd., Class A1 | 22,873,177 | 75,482 | |
InPost SA1 | 4,036,644 | 69,990 | |
Jiangsu Hengli Hydraulic Co., Ltd., Class A | 10,793,539 | 68,288 | |
Ayala Corp. | 6,281,260 | 63,234 | |
Interpump Group SpA | 1,419,037 | 61,503 | |
MISUMI Group, Inc. | 2,985,889 | 54,998 | |
Bureau Veritas SA | 1,743,229 | 54,601 | |
Weichai Power Co., Ltd., Class H | 17,040,000 | 27,309 | |
Weichai Power Co., Ltd., Class A | 13,993,248 | 26,612 | |
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A | 21,211,202 | 53,483 | |
SM Investments Corp. | 3,403,750 | 53,090 | |
Leonardo SpA | 1,972,447 | 46,940 | |
Ingersoll-Rand, Inc. | 409,595 | 41,123 | |
GT Capital Holdings, Inc. | 3,630,870 | 36,757 | |
Shanghai International Airport Co., Ltd., Class A | 6,503,525 | 31,036 | |
Hitachi, Ltd. | 1,209,780 | 26,146 | |
Epiroc AB, Class B | 1,249,425 | 20,951 | |
Centre Testing International Group Co., Ltd. | 11,813,222 | 18,675 | |
Embraer SA1 | 2,391,200 | 18,521 | |
New World Fund — Page 3 of 19
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Legrand SA | 142,852 | $15,406 | |
Haitian International Holdings, Ltd. | 3,351,000 | 9,687 | |
6,750,451 | |||
Consumer discretionary 10.56% | |||
MercadoLibre, Inc.1 | 606,055 | 1,011,445 | |
LVMH Moët Hennessy-Louis Vuitton SE | 829,002 | 584,290 | |
Trip.com Group, Ltd. (ADR)1 | 10,840,969 | 461,066 | |
Midea Group Co., Ltd., Class A | 39,172,402 | 344,992 | |
Eicher Motors, Ltd. | 5,290,346 | 314,320 | |
Meituan, Class B1 | 21,884,100 | 302,714 | |
adidas AG | 999,580 | 250,079 | |
Galaxy Entertainment Group, Ltd. | 55,773,000 | 232,917 | |
Compagnie Financière Richemont SA, Class A | 1,289,616 | 196,428 | |
BYD Co., Ltd., Class A | 2,977,992 | 101,527 | |
BYD Co., Ltd., Class H | 3,149,000 | 92,922 | |
TVS Motor Co., Ltd. | 5,824,477 | 176,552 | |
Maruti Suzuki India, Ltd. | 1,071,899 | 168,337 | |
Jumbo SA | 6,179,223 | 165,759 | |
Titan Co., Ltd. | 3,676,360 | 152,281 | |
H World Group, Ltd. (ADR) | 4,246,560 | 127,397 | |
H World Group, Ltd. | 789,900 | 2,365 | |
YUM! Brands, Inc. | 934,032 | 124,067 | |
Shenzhou International Group Holdings, Ltd. | 13,545,400 | 115,521 | |
Ferrari NV (EUR denominated) | 259,236 | 106,657 | |
Evolution AB | 1,085,047 | 104,711 | |
Tesla, Inc.1 | 442,706 | 102,739 | |
Alibaba Group Holding, Ltd. (ADR) | 674,946 | 53,219 | |
Alibaba Group Holding, Ltd. | 2,912,000 | 28,685 | |
Naspers, Ltd., Class N | 414,880 | 80,215 | |
Sands China, Ltd.1 | 38,819,000 | 72,311 | |
Amadeus IT Group SA, Class A, non-registered shares | 1,040,241 | 68,397 | |
Mahindra & Mahindra, Ltd. | 1,868,966 | 65,092 | |
Booking Holdings, Inc. | 16,777 | 62,327 | |
Stellantis NV | 3,170,851 | 52,801 | |
Industria de Diseño Textil, SA | 983,078 | 47,636 | |
China Tourism Group Duty Free Corp., Ltd., Class H5 | 6,712,640 | 47,528 | |
Suzuki Motor Corp. | 3,868,400 | 44,946 | |
Kering SA | 134,993 | 41,510 | |
Hilton Worldwide Holdings, Inc. | 188,265 | 40,415 | |
Li Ning Co., Ltd. | 21,484,000 | 40,117 | |
Hermès International | 17,561 | 38,359 | |
Airbnb, Inc., Class A1 | 263,665 | 36,797 | |
Tube Investments of India, Ltd. | 702,883 | 34,908 | |
Magazine Luiza SA1 | 17,578,670 | 34,404 | |
Bharat Forge, Ltd. | 1,549,931 | 32,291 | |
General Motors Co. | 693,940 | 30,755 | |
Aptiv PLC1 | 424,859 | 29,481 | |
NIKE, Inc., Class B | 342,000 | 25,602 | |
Melco Resorts & Entertainment, Ltd. (ADR)1 | 3,994,697 | 22,810 | |
Shangri-La Asia, Ltd. | 32,362,000 | 22,618 | |
Renault SA | 462,500 | 22,386 | |
Inchcape PLC | 1,815,116 | 19,699 | |
Zhongsheng Group Holdings, Ltd. | 8,325,550 | 13,068 | |
New World Fund — Page 4 of 19
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Cyrela Brazil Realty SA, ordinary nominative shares | 3,354,724 | $11,560 | |
Gree Electric Appliances, Inc. of Zhuhai, Class A | 2,060,692 | 11,397 | |
6,370,420 | |||
Health care 9.91% | |||
Novo Nordisk AS, Class B | 9,701,615 | 1,285,498 | |
Eli Lilly and Co. | 860,341 | 691,947 | |
Max Healthcare Institute, Ltd.2 | 59,993,625 | 662,958 | |
AstraZeneca PLC | 3,468,624 | 549,935 | |
Thermo Fisher Scientific, Inc. | 824,670 | 505,803 | |
BeiGene, Ltd. (ADR)1 | 1,155,057 | 192,409 | |
BeiGene, Ltd.1 | 693,600 | 8,839 | |
Laurus Labs, Ltd.2 | 35,030,409 | 194,527 | |
Innovent Biologics, Inc.1 | 34,310,291 | 170,483 | |
Jiangsu Hengrui Medicine Co., Ltd., Class A | 27,993,446 | 163,502 | |
Abbott Laboratories | 1,532,609 | 162,365 | |
Danaher Corp. | 570,233 | 158,000 | |
Rede D’Or Sao Luiz SA | 30,452,589 | 148,544 | |
EssilorLuxottica SA | 533,018 | 121,690 | |
Aspen Pharmacare Holdings, Ltd. | 7,463,882 | 103,283 | |
Revvity, Inc. | 800,621 | 100,566 | |
WuXi AppTec Co., Ltd., Class H5 | 14,433,283 | 59,320 | |
WuXi AppTec Co., Ltd., Class A | 2,907,577 | 17,142 | |
Mankind Pharma, Ltd.1 | 2,804,820 | 68,140 | |
Hypera SA, ordinary nominative shares | 12,339,084 | 62,828 | |
Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A | 1,726,481 | 61,183 | |
Teva Pharmaceutical Industries, Ltd. (ADR)1 | 2,979,500 | 51,933 | |
Zai Lab, Ltd. (ADR)1,5 | 2,659,797 | 50,616 | |
OdontoPrev SA | 24,789,972 | 49,614 | |
Legend Biotech Corp. (ADR)1 | 800,114 | 45,118 | |
Zoetis, Inc., Class A | 216,700 | 39,015 | |
Alcon, Inc. | 385,670 | 36,486 | |
Siemens Healthineers AG | 577,100 | 30,983 | |
Align Technology, Inc.1 | 127,706 | 29,613 | |
Illumina, Inc.1 | 240,328 | 29,464 | |
Mettler-Toledo International, Inc.1 | 17,309 | 26,328 | |
Lupin, Ltd. | 1,029,450 | 23,555 | |
Medtronic PLC | 268,000 | 21,526 | |
Asahi Intecc Co., Ltd. | 1,330,200 | 21,246 | |
Straumann Holding AG | 101,536 | 13,105 | |
Angelalign Technology, Inc.5 | 1,530,000 | 10,519 | |
WuXi Biologics (Cayman), Inc.1 | 4,766,000 | 6,975 | |
Shandong Pharmaceutical Glass Co., Ltd., Class A | 862,513 | 2,899 | |
CanSino Biologics, Inc., Class H1,5 | 832,000 | 2,012 | |
5,979,969 | |||
Communication services 8.67% | |||
Tencent Holdings, Ltd. | 28,538,240 | 1,317,658 | |
Alphabet, Inc., Class A | 2,757,614 | 473,041 | |
Alphabet, Inc., Class C | 2,472,573 | 428,126 | |
Meta Platforms, Inc., Class A | 1,676,336 | 795,975 | |
Bharti Airtel, Ltd. | 37,135,304 | 664,359 | |
Bharti Airtel, Ltd., interim shares | 1,085,032 | 14,118 | |
NetEase, Inc. | 17,890,900 | 329,734 | |
NetEase, Inc. (ADR) | 402,647 | 37,088 | |
New World Fund — Page 5 of 19
unaudited
Common stocks (continued) Communication services (continued) | Shares | Value (000) | |
MTN Group, Ltd. | 47,762,432 | $207,440 | |
América Móvil, SAB de CV, Class B (ADR) | 9,093,308 | 152,040 | |
Telefónica, SA, non-registered shares5 | 30,129,668 | 136,222 | |
Netflix, Inc.1 | 175,417 | 110,223 | |
Telkom Indonesia (Persero) Tbk PT, Class B | 602,392,800 | 106,972 | |
Indus Towers, Ltd.1 | 19,414,447 | 100,533 | |
Singapore Telecommunications, Ltd. | 31,724,000 | 73,050 | |
Vodafone Group PLC | 67,462,979 | 62,927 | |
Tencent Music Entertainment Group, Class A (ADR) | 3,324,289 | 47,138 | |
Informa PLC | 3,210,083 | 35,920 | |
TIM SA | 10,489,043 | 32,434 | |
Vodafone Idea, Ltd.1 | 150,844,699 | 29,483 | |
JCDecaux SE1 | 1,239,700 | 25,796 | |
Intouch Holdings PCL, foreign registered | 9,463,700 | 21,904 | |
Sea Ltd., Class A (ADR)1 | 310,896 | 20,426 | |
Saudi Telecom Co., non-registered shares | 702,602 | 7,212 | |
5,229,819 | |||
Consumer staples 7.03% | |||
Kweichow Moutai Co., Ltd., Class A | 3,340,772 | 655,923 | |
ITC, Ltd. | 77,325,738 | 458,529 | |
Varun Beverages, Ltd. | 16,118,672 | 305,188 | |
Nestlé SA | 2,305,945 | 234,078 | |
Arca Continental, SAB de CV | 18,852,228 | 185,517 | |
JBS SA1 | 28,083,188 | 167,422 | |
Monster Beverage Corp.1 | 3,249,968 | 167,211 | |
Ajinomoto Co., Inc. | 3,919,000 | 161,850 | |
Bunge Global SA | 1,526,000 | 160,581 | |
Avenue Supermarts, Ltd.1 | 2,524,102 | 148,821 | |
Constellation Brands, Inc., Class A | 595,668 | 146,034 | |
British American Tobacco PLC | 3,674,494 | 130,342 | |
Carlsberg A/S, Class B | 1,074,243 | 129,889 | |
Shoprite Holdings, Ltd. | 7,008,140 | 117,121 | |
Kao Corp.5 | 2,560,460 | 112,483 | |
KT&G Corp. | 1,531,012 | 103,773 | |
Dino Polska SA, non-registered shares1,5 | 1,154,647 | 102,462 | |
Anheuser-Busch InBev SA/NV | 1,562,971 | 92,882 | |
Budweiser Brewing Co., APAC, Ltd. | 70,052,800 | 84,731 | |
United Spirits, Ltd. | 4,325,033 | 73,084 | |
Pernod Ricard SA | 500,893 | 67,082 | |
Uni-Charm Corp. | 1,848,100 | 61,851 | |
Philip Morris International, Inc. | 488,890 | 56,301 | |
Tsingtao Brewery Co., Ltd., Class H | 8,059,813 | 51,536 | |
Dabur India, Ltd. | 5,306,400 | 40,354 | |
L’Oréal SA, non-registered shares | 93,065 | 40,300 | |
Kimberly-Clark de México, SAB de CV, Class A, ordinary participation certificates5 | 21,001,800 | 37,357 | |
Danone SA | 511,049 | 33,252 | |
WH Group, Ltd. | 49,409,500 | 32,190 | |
JD Health International, Inc.1 | 11,103,550 | 30,535 | |
Barry Callebaut AG (Switzerland) | 11,052 | 17,825 | |
Wuliangye Yibin Co., Ltd., Class A | 787,086 | 13,779 | |
Mondelez International, Inc., Class A | 189,227 | 12,934 | |
Reckitt Benckiser Group PLC | 188,372 | 10,110 | |
4,243,327 | |||
New World Fund — Page 6 of 19
unaudited
Common stocks (continued) Materials 6.21% | Shares | Value (000) | |
Freeport-McMoRan, Inc. | 11,604,839 | $526,976 | |
First Quantum Minerals, Ltd. | 41,013,630 | 502,032 | |
Linde PLC | 813,244 | 368,806 | |
Vale SA, ordinary nominative shares | 12,503,392 | 136,238 | |
Vale SA (ADR), ordinary nominative shares | 8,181,117 | 88,765 | |
APL Apollo Tubes, Ltd. | 10,507,405 | 187,357 | |
Barrick Gold Corp. | 9,386,214 | 173,739 | |
Jindal Steel & Power, Ltd. | 13,068,837 | 154,462 | |
Amcor PLC (CDI) | 14,241,464 | 151,227 | |
Sika AG | 490,056 | 148,756 | |
Glencore PLC | 26,307,355 | 145,645 | |
Grupo México, SAB de CV, Series B | 25,382,717 | 143,051 | |
Shin-Etsu Chemical Co., Ltd. | 2,418,400 | 108,053 | |
Givaudan SA | 21,422 | 105,037 | |
Zijin Mining Group Co., Ltd., Class H5 | 49,978,000 | 102,163 | |
Albemarle Corp. | 1,064,809 | 99,741 | |
Southern Copper Corp. | 817,935 | 87,200 | |
Tata Steel, Ltd. | 40,000,000 | 79,238 | |
Nutrien, Ltd. (CAD denominated) | 1,192,974 | 61,185 | |
Anhui Conch Cement Co., Ltd., Class H | 19,980,000 | 48,782 | |
Gerdau SA (ADR) | 14,581,405 | 47,244 | |
Asian Paints, Ltd. | 1,205,674 | 44,515 | |
Loma Negra Compania Industrial Argentina SA (ADR)1,2 | 6,442,242 | 41,617 | |
DSM-Firmenich AG | 278,000 | 35,520 | |
Fresnillo PLC | 4,590,946 | 34,650 | |
Arkema SA | 373,575 | 33,718 | |
CEMEX, SAB de CV (ADR), ordinary participation certificates, units | 3,909,835 | 25,101 | |
BASF SE | 534,774 | 24,938 | |
Akzo Nobel NV | 392,741 | 24,215 | |
Antofagasta PLC | 780,109 | 20,162 | |
Alrosa PJSC3 | 15,128,747 | — 4 | |
3,750,133 | |||
Energy 2.70% | |||
TotalEnergies SE | 7,148,085 | 482,081 | |
Reliance Industries, Ltd. | 12,416,560 | 448,710 | |
New Fortress Energy, Inc., Class A5 | 5,101,254 | 100,699 | |
Exxon Mobil Corp. | 840,400 | 99,663 | |
Cheniere Energy, Inc. | 501,000 | 91,503 | |
Schlumberger NV | 1,883,432 | 90,951 | |
Chevron Corp. | 547,795 | 87,905 | |
Shell PLC (GBP denominated) | 2,037,544 | 74,315 | |
Vista Energy, SAB de CV, Class A (ADR)1 | 1,103,775 | 49,736 | |
Galp Energia, SGPS, SA, Class B | 2,106,148 | 44,347 | |
Borr Drilling, Ltd. (NOK denominated) | 2,650,522 | 18,011 | |
Borr Drilling, Ltd.1,5 | 2,575,779 | 17,644 | |
INPEX Corp. | 711,500 | 11,034 | |
Saudi Arabian Oil Co.5 | 938,685 | 6,905 | |
Petróleo Brasileiro SA (Petrobras) (ADR), ordinary nominative shares | 344,754 | 4,919 | |
Gazprom PJSC1,3 | 13,623,686 | — 4 | |
Rosneft Oil Co. PJSC3 | 8,335,580 | — 4 | |
1,628,423 | |||
New World Fund — Page 7 of 19
unaudited
Common stocks (continued) Real estate 1.57% | Shares | Value (000) | |
Macrotech Developers, Ltd. | 36,894,999 | $579,616 | |
Fibra Uno Administración REIT, SA de CV | 77,884,325 | 98,991 | |
China Resources Mixc Lifestyle Services, Ltd. | 29,153,200 | 82,054 | |
KE Holdings, Inc., Class A (ADR) | 5,753,581 | 79,687 | |
CK Asset Holdings, Ltd. | 15,623,500 | 59,451 | |
American Tower Corp. REIT | 156,000 | 34,383 | |
Longfor Group Holdings, Ltd. | 6,784,936 | 8,717 | |
ALLOS SA, ordinary nominative shares | 1,074,770 | 4,150 | |
947,049 | |||
Utilities 1.28% | |||
ENN Energy Holdings, Ltd. | 28,673,195 | 201,285 | |
Equatorial Energia SA, ordinary nominative shares | 31,146,083 | 179,735 | |
NTPC, Ltd. | 18,276,719 | 91,102 | |
Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP, ordinary nominative shares1 | 5,389,583 | 84,081 | |
Power Grid Corporation of India, Ltd. | 19,504,644 | 81,328 | |
Engie SA | 4,686,541 | 73,658 | |
Gulf Energy Development PCL, foreign registered | 26,920,500 | 36,302 | |
AES Corp. | 1,335,919 | 23,766 | |
771,257 | |||
Total common stocks (cost: $39,339,147,000) | 54,836,583 | ||
Preferred securities 0.67% Financials 0.28% | |||
Itaú Unibanco Holding SA (ADR), preferred nominative shares | 23,453,707 | 141,191 | |
Itaú Unibanco Holding SA, preferred nominative shares | 4,994,844 | 29,919 | |
171,110 | |||
Consumer discretionary 0.15% | |||
Dr. Ing. h.c. F. Porsche AG, nonvoting non-registered preferred shares | 1,217,343 | 91,873 | |
Getir BV, Series D, preferred shares1,3,6 | 103,205 | — 4 | |
91,873 | |||
Real estate 0.13% | |||
QuintoAndar, Ltd., Series E, preference shares1,3,6 | 433,164 | 60,149 | |
QuintoAndar, Ltd., Series E-1, preference shares1,3,6 | 113,966 | 15,826 | |
75,975 | |||
Information technology 0.11% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares | 1,346,455 | 62,947 | |
Canva, Inc., Series A, noncumulative preferred shares1,3,6 | 925 | 987 | |
Canva, Inc., Series A-3, noncumulative preferred shares1,3,6 | 38 | 40 | |
Canva, Inc., Series A-4, noncumulative preferred shares1,3,6 | 3 | 3 | |
Canva, Inc., Series A-5, noncumulative preferred shares1,3,6 | 2 | 2 | |
63,979 | |||
Total preferred securities (cost: $484,295,000) | 402,937 | ||
New World Fund — Page 8 of 19
unaudited
Rights & warrants 0.03% Consumer discretionary 0.03% | Shares | Value (000) | |
Midea Group Co., Ltd., warrants, expire 3/19/20251,7 | 1,934,670 | $17,039 | |
Total rights & warrants (cost: $16,453,000) | 17,039 | ||
Convertible stocks 0.00% Materials 0.00% | |||
Albemarle Corp., Class A, cumulative convertible preferred depositary shares, 7.25% 3/1/2027 | 92,800 | 4,150 | |
Total convertible stocks (cost: $4,651,000) | 4,150 | ||
Bonds, notes & other debt instruments 3.43% Bonds & notes of governments & government agencies outside the U.S. 3.04% | Principal amount (000) | ||
Abu Dhabi (Emirate of) 2.50% 9/30/20297 | USD7,900 | 7,195 | |
Angola (Republic of) 8.00% 11/26/20297 | 13,202 | 11,975 | |
Angola (Republic of) 8.75% 4/14/20327 | 6,950 | 6,233 | |
Argentine Republic 1.00% 7/9/2029 | 3,656 | 2,111 | |
Argentine Republic 4.125% 7/9/2035 (4.75% on 7/9/2027)8 | 32,149 | 13,499 | |
Argentine Republic 5.00% 1/9/2038 (5.00% on 7/9/2024) | 10,333 | 4,763 | |
Argentine Republic 3.50% 7/9/2041 (4.875% on 7/9/2029)8 | 35,816 | 14,246 | |
Brazil (Federative Republic of) 10.00% 1/1/2025 | BRL87,400 | 15,380 | |
Brazil (Federative Republic of) 10.00% 1/1/2027 | 147,000 | 25,075 | |
Brazil (Federative Republic of) 6.00% 5/15/20279 | 462,685 | 80,791 | |
Brazil (Federative Republic of) 10.00% 1/1/2029 | 148,700 | 24,691 | |
Brazil (Federative Republic of) 0% 1/1/2030 | 200,000 | 19,133 | |
Brazil (Federative Republic of) 10.00% 1/1/2031 | 148,234 | 24,070 | |
Brazil (Federative Republic of) 6.00% 8/15/20329 | 83,033 | 14,443 | |
Brazil (Federative Republic of) 10.00% 1/1/2033 | 230,890 | 36,977 | |
Brazil (Federative Republic of) 6.00% 8/15/20509 | 84,869 | 14,447 | |
Chile (Republic of) 5.30% 11/1/2037 | CLP7,520,000 | 7,511 | |
Chile (Republic of) 3.10% 5/7/2041 | USD9,265 | 6,927 | |
China (Peoples Republic of) 2.27% 5/25/2034 | CNY98,000 | 13,738 | |
China (Peoples Republic of) 2.57% 5/20/2054 | 71,400 | 10,327 | |
China (People’s Republic of), Series INBK, 2.89% 11/18/2031 | 456,940 | 66,993 | |
China (People’s Republic of), Series INBK, 3.72% 4/12/2051 | 407,410 | 70,859 | |
China (People’s Republic of), Series INBK, 3.12% 10/25/2052 | 162,200 | 25,689 | |
Colombia (Republic of) 3.00% 1/30/2030 | USD511 | 427 | |
Colombia (Republic of) 3.25% 4/22/2032 | 11,800 | 9,269 | |
Colombia (Republic of) 5.625% 2/26/2044 | 2,209 | 1,726 | |
Colombia (Republic of) 5.00% 6/15/2045 | 7,251 | 5,199 | |
Colombia (Republic of) 5.20% 5/15/2049 | 3,955 | 2,843 | |
Colombia (Republic of), Series B, 7.00% 3/26/2031 | COP26,634,000 | 5,571 | |
Colombia (Republic of), Series B, 13.25% 2/9/2033 | 29,638,300 | 8,342 | |
Colombia (Republic of), Series UVR, 3.75% 2/25/20379 | 130,200 | 9,948 | |
Colombia (Republic of), Series B, 9.25% 5/28/2042 | 65,483,300 | 13,364 | |
Cote d’Ivoire (Republic of) 4.875% 1/30/2032 | EUR1,890 | 1,736 | |
Czech Republic 1.95% 7/30/2037 | CZK300,160 | 10,296 | |
Dominican Republic 8.625% 4/20/20277 | USD4,950 | 5,153 | |
Dominican Republic 6.00% 7/19/20287 | 4,360 | 4,385 | |
Dominican Republic 11.375% 7/6/2029 | DOP195,700 | 3,488 | |
Dominican Republic 4.50% 1/30/20307 | USD2,307 | 2,152 | |
Dominican Republic 13.625% 2/3/2033 | DOP126,550 | 2,522 | |
Dominican Republic 6.00% 2/22/20337 | USD3,295 | 3,271 | |
New World Fund — Page 9 of 19
unaudited
Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Dominican Republic 5.875% 1/30/2060 | USD18,230 | $15,814 | |
Dominican Republic 5.875% 1/30/20607 | 10,273 | 8,912 | |
Egypt (Arab Republic of) 5.625% 4/16/2030 | EUR1,615 | 1,426 | |
Egypt (Arab Republic of) 5.875% 2/16/20317 | USD2,350 | 1,879 | |
Egypt (Arab Republic of) 7.625% 5/29/20327 | 7,060 | 5,927 | |
Egypt (Arab Republic of) 7.625% 5/29/2032 | 2,000 | 1,679 | |
Egypt (Arab Republic of) 8.50% 1/31/2047 | 5,010 | 3,789 | |
Egypt (Arab Republic of) 8.875% 5/29/2050 | 2,720 | 2,119 | |
Egypt (Arab Republic of) 8.75% 9/30/2051 | 7,240 | 5,585 | |
Egypt (Arab Republic of) 8.15% 11/20/20597 | 7,510 | 5,431 | |
Gabonese Republic 7.00% 11/24/2031 | 7,500 | 5,546 | |
Georgia (Republic of) 2.75% 4/22/20267 | 4,995 | 4,665 | |
Ghana (Republic of) 7.75% 4/7/20297,10 | 15,000 | 7,626 | |
Ghana (Republic of) 8.125% 3/26/203210 | 16,010 | 8,225 | |
Honduras (Republic of) 6.25% 1/19/2027 | 14,463 | 13,941 | |
Honduras (Republic of) 5.625% 6/24/20307 | 5,600 | 4,844 | |
Hungary (Republic of) 6.25% 9/22/20327 | 6,200 | 6,499 | |
Hungary (Republic of), Series A, 6.75% 10/22/2028 | HUF2,811,600 | 7,948 | |
India (Republic of) 7.32% 11/13/2030 | INR640,000 | 7,808 | |
India (Republic of) 6.54% 1/17/2032 | 1,280,000 | 14,971 | |
India (Republic of) 7.18% 7/24/2037 | 720,000 | 8,743 | |
Indonesia (Republic of) 6.625% 2/17/2037 | USD8,612 | 9,702 | |
Indonesia (Republic of) 6.625% 2/15/2034 | IDR625,845,000 | 37,725 | |
Indonesia (Republic of) 7.125% 6/15/2038 | 500,000,000 | 31,007 | |
Indonesia (Republic of), Series 95, 6.375% 8/15/2028 | 420,474,000 | 25,571 | |
Indonesia (Republic of), Series 82, 7.00% 9/15/2030 | 200,000,000 | 12,447 | |
Indonesia (Republic of), Series 91, 6.375% 4/15/2032 | 183,716,000 | 10,976 | |
Indonesia (Republic of), Series 96, 7.00% 2/15/2033 | 418,880,000 | 25,898 | |
Indonesia (Republic of), Series 80, 7.50% 6/15/2035 | 200,000,000 | 12,786 | |
International Bank for Reconstruction and Development 6.05% 2/9/2029 | INR153,500 | 1,779 | |
International Bank for Reconstruction and Development 6.75% 7/13/2029 | 446,600 | 5,300 | |
Malaysia (Federation of), Series 0119, 3.906% 7/15/2026 | MYR49,000 | 10,790 | |
Malaysia (Federation of), Series 0219, 3.885% 8/15/2029 | 32,000 | 7,077 | |
Malaysia (Federation of), Series 0419, 3.828% 7/5/2034 | 66,000 | 14,508 | |
Malaysia (Federation of), Series 0418, 4.893% 6/8/2038 | 126,039 | 30,343 | |
Malaysia (Federation of), Series 0519, 3.757% 5/22/2040 | 33,761 | 7,179 | |
Malaysia (Federation of), Series 0519, 4.638% 11/15/2049 | 16,166 | 3,777 | |
Malaysia (Federation of), Series 0120, 4.065% 6/15/2050 | 77,400 | 16,684 | |
Malaysia (Federation of), Series 022, 5.357% 5/15/2052 | 15,534 | 4,029 | |
MFB Magyar Fejlesztesi Bank Zartkoruen Mukodo Reszvenytarsasag 6.50% 6/29/2028 | USD14,500 | 14,841 | |
Mongolia (State of) 7.875% 6/5/2029 | 5,679 | 5,888 | |
Mongolia (State of) 4.45% 7/7/2031 | 400 | 347 | |
Morocco (Kingdom of) 5.95% 3/8/20287 | 4,231 | 4,305 | |
Mozambique (Republic of) 9.00% 9/15/2031 | 9,800 | 8,363 | |
Nigeria (Republic of) 7.875% 2/16/2032 | 13,200 | 11,484 | |
Oman (Sultanate of) 5.625% 1/17/2028 | 7,200 | 7,269 | |
Oman (Sultanate of) 6.25% 1/25/20317 | 4,189 | 4,381 | |
Panama (Republic of) 3.75% 4/17/2026 | 4,590 | 4,324 | |
Panama (Republic of) 6.875% 1/31/2036 | 8,200 | 8,234 | |
Panama (Republic of) 4.50% 4/16/2050 | 4,525 | 3,139 | |
Panama (Republic of) 4.30% 4/29/2053 | 6,400 | 4,256 | |
Panama (Republic of) 6.853% 3/28/2054 | 9,000 | 8,547 | |
Panama (Republic of) 4.50% 1/19/2063 | 2,430 | 1,599 | |
Paraguay (Republic of) 4.70% 3/27/2027 | 5,500 | 5,422 | |
Paraguay (Republic of) 4.95% 4/28/2031 | 3,415 | 3,342 | |
New World Fund — Page 10 of 19
unaudited
Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Peru (Republic of) 3.00% 1/15/2034 | USD5,715 | $4,737 | |
Peru (Republic of) 5.625% 11/18/2050 | 1,240 | 1,232 | |
Peru (Republic of) 3.55% 3/10/2051 | 4,900 | 3,564 | |
Peru (Republic of) 2.78% 12/1/2060 | 10,795 | 6,218 | |
PETRONAS Capital, Ltd. 3.50% 4/21/20307 | 3,400 | 3,186 | |
PETRONAS Capital, Ltd. 4.55% 4/21/20507 | 3,400 | 3,010 | |
Philippines (Republic of) 3.95% 1/20/2040 | 11,700 | 10,117 | |
Poland (Republic of) 5.75% 4/25/2029 | PLN86,250 | 22,275 | |
Poland (Republic of) 4.875% 10/4/2033 | USD8,680 | 8,615 | |
Poland (Republic of), Series 0726, 2.50% 7/25/2026 | PLN169,700 | 40,892 | |
Poland (Republic of), Series 1033, 6.00% 10/25/2033 | 148,000 | 39,089 | |
Qatar (State of) 3.75% 4/16/20307 | USD6,200 | 5,972 | |
Romania 2.00% 1/28/2032 | EUR18,275 | 15,844 | |
Romania 5.25% 5/30/2032 | 7,600 | 8,165 | |
Romania 2.00% 4/14/2033 | 7,080 | 5,893 | |
Romania 6.375% 1/30/20347 | USD7,448 | 7,633 | |
Romania 5.625% 5/30/2037 | EUR6,595 | 6,975 | |
Romania 5.125% 6/15/20487 | USD9,300 | 7,883 | |
Saudi Arabia (Kingdom of) 5.00% 1/16/2034 | 11,700 | 11,663 | |
Saudi Arabia (Kingdom of) 5.75% 1/16/2054 | 29,200 | 28,747 | |
Senegal (Republic of) 4.75% 3/13/2028 | EUR13,200 | 13,330 | |
Senegal (Republic of) 5.375% 6/8/2037 | 715 | 564 | |
South Africa (Republic of) 5.875% 4/20/2032 | USD8,700 | 8,256 | |
South Africa (Republic of) 11.625% 3/31/2053 | ZAR220,900 | 12,284 | |
South Africa (Republic of), Series R-213, 7.00% 2/28/2031 | 881,900 | 41,860 | |
South Africa (Republic of), Series R-2032, 8.25% 3/31/2032 | 188,190 | 9,294 | |
South Africa (Republic of), Series R-2035, 8.875% 2/28/2035 | 859,200 | 41,286 | |
South Africa (Republic of), Series R-2040, 9.00% 1/31/2040 | 525,500 | 23,686 | |
Thailand (Kingdom of) 2.875% 12/17/2028 | THB238,300 | 6,858 | |
Thailand (Kingdom of) 3.45% 6/17/2043 | 286,200 | 8,520 | |
Turkey (Republic of) 12.60% 10/1/2025 | TRY659,300 | 15,229 | |
Turkey (Republic of) 17.30% 7/19/2028 | 915,200 | 20,546 | |
Turkey (Republic of) 5.875% 6/26/2031 | USD12,630 | 11,857 | |
Turkey (Republic of) 4.875% 4/16/2043 | 11,100 | 7,985 | |
United Mexican States 4.75% 3/8/2044 | 13,300 | 10,935 | |
United Mexican States 3.75% 4/19/2071 | 10,285 | 6,343 | |
United Mexican States, Series M, 7.50% 6/3/2027 | MXN277,450 | 14,043 | |
United Mexican States, Series M20, 8.50% 5/31/2029 | 526,654 | 26,966 | |
United Mexican States, Series M, 7.75% 5/29/2031 | 1,945,849 | 94,301 | |
United Mexican States, Series M, 7.50% 5/26/2033 | 564,000 | 26,253 | |
United Mexican States, Series M, 7.75% 11/23/2034 | 641,152 | 30,037 | |
United Mexican States, Series M30, 8.50% 11/18/2038 | 369,000 | 17,724 | |
United Mexican States, Series M, 8.00% 7/31/2053 | 213,721 | 9,291 | |
United Mexican States 4.00% 10/29/20549 | 266,937 | 11,802 | |
Venezuela (Bolivarian Republic of) 8.25% 10/13/202410 | USD2,827 | 442 | |
Venezuela (Bolivarian Republic of) 9.25% 5/7/202810 | 3,175 | 550 | |
Venezuela (Bolivarian Republic of) 7.00% 12/1/201810 | 870 | 120 | |
Venezuela (Bolivarian Republic of) 7.75% 10/13/201910 | 14,640 | 2,125 | |
Venezuela (Bolivarian Republic of) 6.00% 12/9/202010 | 12,912 | 1,736 | |
Venezuela (Bolivarian Republic of) 9.00% 5/7/202310 | 12,757 | 2,005 | |
Venezuela (Bolivarian Republic of) 7.00% 3/31/203810 | 1,448 | 211 | |
1,831,610 | |||
New World Fund — Page 11 of 19
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans 0.39% Financials 0.07% | Principal amount (000) | Value (000) | |
Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)8 | USD7,517 | $6,819 | |
BBVA Bancomer, SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on 6/29/2033)7,8 | 5,200 | 5,494 | |
CMB International Leasing Management, Ltd. 2.75% 8/12/2030 | 7,385 | 6,609 | |
HDFC Bank, Ltd. 3.70% junior subordinated perpetual bonds (5-Year UST Yield Curve Rate T Note Constant Maturity + 2.925% on 2/25/2027)7,8 | 8,300 | 7,801 | |
HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043)8 | 9,000 | 9,694 | |
XP, Inc. 6.75% 7/2/20297 | 4,190 | 4,265 | |
40,682 | |||
Energy 0.06% | |||
GreenSaif Pipelines Bidco SARL 5.853% 2/23/20367 | 5,585 | 5,613 | |
Oleoducto Central SA 4.00% 7/14/20277 | 3,450 | 3,227 | |
Petroleos Mexicanos 6.875% 8/4/2026 | 8,024 | 7,918 | |
Petroleos Mexicanos 6.49% 1/23/2027 | 6,488 | 6,266 | |
PTTEP Treasury Center Co., Ltd. 2.993% 1/15/2030 | 2,068 | 1,880 | |
Sinopec Group Overseas Development (2018), Ltd. 3.10% 1/8/20517 | 8,300 | 5,884 | |
Transportadora de Gas del Sur SA 8.50% 7/24/20317 | 4,170 | 4,210 | |
34,998 | |||
Communication services 0.06% | |||
América Móvil, SAB de CV 10.125% 1/22/2029 | MXN225,000 | 11,756 | |
América Móvil, SAB de CV 9.50% 1/27/2031 | 129,800 | 6,514 | |
Axiata SPV5 (Labuan), Ltd. 3.064% 8/19/2050 | USD4,446 | 3,004 | |
PLDT, Inc. 2.50% 1/23/2031 | 2,590 | 2,210 | |
Tencent Holdings, Ltd. 3.975% 4/11/2029 | 6,300 | 6,112 | |
Tencent Holdings, Ltd. 3.24% 6/3/20507 | 7,100 | 4,846 | |
34,442 | |||
Materials 0.05% | |||
Braskem Idesa SAPI 7.45% 11/15/2029 | 8,100 | 6,525 | |
Braskem Idesa SAPI 7.45% 11/15/20297 | 3,564 | 2,871 | |
Braskem Idesa SAPI 6.99% 2/20/20327 | 4,000 | 3,032 | |
Braskem Netherlands Finance BV 8.50% 1/12/20317 | 6,038 | 6,248 | |
CSN Resources SA 8.875% 12/5/20307 | 6,200 | 6,251 | |
Sasol Financing USA, LLC 5.50% 3/18/2031 | 9,400 | 8,185 | |
33,112 | |||
Utilities 0.05% | |||
Aegea Finance SARL 9.00% 1/20/20317 | 5,210 | 5,499 | |
AES Panama Generation Holdings, SRL 4.375% 5/31/20307 | 3,363 | 2,971 | |
Empresas Publicas de Medellin ESP 4.25% 7/18/20297 | 2,062 | 1,825 | |
Empresas Publicas de Medellin ESP 4.25% 7/18/2029 | 445 | 394 | |
Empresas Publicas de Medellin ESP 4.375% 2/15/20317 | 3,679 | 3,100 | |
Eskom Holdings SOC, Ltd. 8.45% 8/10/2028 | 8,000 | 8,215 | |
Greenko Dutch BV 3.85% 3/29/20267 | 4,683 | 4,484 | |
SAEL Ltd. 7.80% 7/31/20317 | 1,670 | 1,692 | |
28,180 | |||
Consumer discretionary 0.04% | |||
Alibaba Group Holding, Ltd. 2.125% 2/9/2031 | 5,926 | 5,036 | |
Alibaba Group Holding, Ltd. 3.15% 2/9/2051 | 7,800 | 5,198 | |
Melco Resorts Finance, Ltd. 7.625% 4/17/20327 | 5,700 | 5,680 | |
New World Fund — Page 12 of 19
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
MercadoLibre, Inc. 3.125% 1/14/2031 | USD8,275 | $7,209 | |
Sands China, Ltd. 4.375% 6/18/2030 | 2,675 | 2,483 | |
25,606 | |||
Industrials 0.03% | |||
Empresa de Transporte de Pasajeros Metro SA 4.70% 5/7/20507 | 4,520 | 3,776 | |
IRB Infrastructure Developers, Ltd. 7.11% 3/11/20327 | 5,465 | 5,595 | |
Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/20347 | 1,279 | 1,276 | |
Mexico City Airport Trust 4.25% 10/31/2026 | 6,200 | 6,014 | |
16,661 | |||
Consumer staples 0.02% | |||
MARB BondCo PLC 3.95% 1/29/20317 | 7,700 | 6,406 | |
MARB BondCo PLC 3.95% 1/29/2031 | 4,300 | 3,578 | |
NBM US Holdings, Inc. 6.625% 8/6/20296 | 6,150 | 6,101 | |
16,085 | |||
Health care 0.01% | |||
Rede D’Or Finance SARL 4.95% 1/17/2028 | 702 | 673 | |
Rede D’Or Finance SARL 4.50% 1/22/2030 | 6,323 | 5,699 | |
6,372 | |||
Total corporate bonds, notes & loans | 236,138 | ||
Total bonds, notes & other debt instruments (cost: $2,221,241,000) | 2,067,748 | ||
Short-term securities 5.25% Money market investments 4.90% | Shares | ||
Capital Group Central Cash Fund 5.32%2,11 | 29,540,881 | 2,954,088 | |
Money market investments purchased with collateral from securities on loan 0.31% | |||
Capital Group Central Cash Fund 5.32%2,11,12 | 1,327,848 | 132,785 | |
BlackRock Liquidity Funds – FedFund, Institutional Shares 5.21%11,12 | 7,500,000 | 7,500 | |
Dreyfus Treasury Obligations Cash Management, Institutional Shares 5.19%11,12 | 7,500,000 | 7,500 | |
Fidelity Investments Money Market Government Portfolio, Class I 5.22%11,12 | 7,500,000 | 7,500 | |
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.21%11,12 | 7,500,000 | 7,500 | |
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 5.21%11,12 | 7,500,000 | 7,500 | |
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 5.23%11,12 | 7,500,000 | 7,500 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.26%11,12 | 7,500,000 | 7,500 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 5.22%11,12 | 3,985,226 | 3,985 | |
189,270 | |||
Bills & notes of governments & government agencies outside the U.S. 0.04% | Weighted average yield at acquisition | Principal amount (000) | |
Egypt (Arab Republic of) 3/18/2025 | 20.180 % | EGP800,000 | 14,182 |
Nigeria (Republic of) 2/11/2025 | 18.000 | NGN1,403,815 | 759 |
Nigeria (Republic of) 2/20/2025 | 17.782 | 1,871,755 | 1,008 |
Nigeria (Republic of) 2/25/2025 | 18.036 | 5,700,647 | 3,057 |
New World Fund — Page 13 of 19
unaudited
Short-term securities (continued) Bills & notes of governments & government agencies outside the U.S. (continued) | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Nigeria (Republic of) 3/6/2025 | 17.801 % | NGN6,400,320 | $3,409 |
Nigeria (Republic of) 3/13/2025 | 17.900 | 2,495,670 | 1,322 |
Nigeria (Republic of) 3/27/2025 | 18.586 | 3,638,793 | 1,908 |
25,645 | |||
Total short-term securities (cost: $3,171,430,000) | 3,169,003 | ||
Total investment securities 100.27% (cost: $45,237,217,000) | 60,497,460 | ||
Other assets less liabilities (0.27)% | (165,135 ) | ||
Net assets 100.00% | $60,332,325 |
Futures contracts
Contracts | Type | Number of contracts | Expiration date | Notional amount (000) | Value and unrealized appreciation (depreciation) at 7/31/2024 (000) |
2 Year U.S. Treasury Note Futures | Long | 598 | 10/3/2024 | USD122,810 | $948 |
10 Year Euro-Bund Futures | Short | 285 | 9/10/2024 | (41,248 ) | (1,148 ) |
10 Year Ultra U.S. Treasury Note Futures | Long | 183 | 9/30/2024 | 21,151 | 373 |
30 Year Ultra U.S. Treasury Bond Futures | Long | 68 | 9/30/2024 | 8,702 | 260 |
$433 |
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 7/31/2024 (000) | |||
Currency purchased (000) | Currency sold (000) | |||||
HUF | 7,800,000 | USD | 21,143 | Morgan Stanley | 8/7/2024 | $274 |
CZK | 292,740 | USD | 12,623 | JPMorgan Chase | 8/12/2024 | (155 ) |
USD | 88,021 | MYR | 413,059 | HSBC Bank | 8/15/2024 | (2,114 ) |
USD | 51,912 | EUR | 47,650 | Morgan Stanley | 8/26/2024 | 277 |
USD | 35,908 | ZAR | 657,938 | Morgan Stanley | 8/26/2024 | (139 ) |
CZK | 325,600 | USD | 14,036 | BNP Paribas | 8/26/2024 | (161 ) |
TRY | 334,000 | USD | 8,487 | Barclays Bank PLC | 9/23/2024 | 1,000 |
USD | 9,575 | MXN | 174,850 | Citibank | 9/27/2024 | 275 |
USD | 14,676 | MXN | 273,120 | Morgan Stanley | 9/27/2024 | 150 |
$(593 ) | ||||||
New World Fund — Page 14 of 19
unaudited
Investments in affiliates2
Value at 11/1/2023 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 7/31/2024 (000) | Dividend or interest income (000) | |
Common stocks 2.32% | |||||||
Materials 0.07% | |||||||
Loma Negra Compania Industrial Argentina SA (ADR)1 | $36,721 | $— | $— | $— | $4,896 | $41,617 | $— |
First Quantum Minerals, Ltd.13 | 220,855 | 250,211 | 63,513 | (26,565 ) | 121,044 | — | — |
41,617 | |||||||
Health care 1.42% | |||||||
Max Healthcare Institute, Ltd. | 441,843 | 180,373 | 199,418 | 39,177 | 200,983 | 662,958 | — |
Laurus Labs, Ltd. | 141,536 | 11,391 | — | — | 41,600 | 194,527 | 324 |
857,485 | |||||||
Financials 0.83% | |||||||
PB Fintech, Ltd.1 | 14,916 | 320,643 | — | — | 167,819 | 503,378 | — |
Total common stocks | 1,402,480 | ||||||
Short-term securities 5.12% | |||||||
Money market investments 4.90% | |||||||
Capital Group Central Cash Fund 5.32%11 | 2,598,930 | 8,073,923 | 7,719,058 | 370 | (77 ) | 2,954,088 | 103,756 |
Money market investments purchased with collateral from securities on loan 0.22% | |||||||
Capital Group Central Cash Fund 5.32%11,12 | 43,724 | 89,061 14 | 132,785 | — 15 | |||
Total short-term securities | 3,086,873 | ||||||
Total 7.44% | $12,982 | $536,265 | $4,489,353 | $104,080 | |||
New World Fund — Page 15 of 19
unaudited
Restricted securities6
Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets | |
QuintoAndar, Ltd., Series E, preference shares1,3 | 5/26/2021 | $69,742 | $60,149 | .10 % |
QuintoAndar, Ltd., Series E-1, preference shares1,3 | 12/20/2021 | 23,284 | 15,826 | .03 |
Canva, Inc.1,3 | 8/26/2021-11/4/2021 | 18,022 | 11,277 | .02 |
Canva, Inc., Series A, noncumulative preferred shares1,3 | 11/4/2021 | 1,577 | 987 | .00 16 |
Canva, Inc., Series A-3, noncumulative preferred shares1,3 | 11/4/2021 | 65 | 40 | .00 16 |
Canva, Inc., Series A-4, noncumulative preferred shares1,3 | 11/4/2021 | 5 | 3 | .00 16 |
Canva, Inc., Series A-5, noncumulative preferred shares1,3 | 11/4/2021 | 3 | 2 | .00 16 |
NBM US Holdings, Inc. 6.625% 8/6/2029 | 7/8/2022 | 5,967 | 6,101 | .01 |
Getir BV, Series D, preferred shares1,3 | 5/27/2021 | 46,500 | — 4 | .00 16 |
Total | $165,165 | $94,385 | .16 % |
1 | Security did not produce income during the last 12 months. |
2 | 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. |
3 | Value determined using significant unobservable inputs. |
4 | Amount less than one thousand. |
5 | All or a portion of this security was on loan. The total value of all such securities was $288,451,000, which represented .48% of the net assets of the fund. |
6 | Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933. The total value of all such restricted securities was $94,385,000, which represented .16% of the net assets of the fund. |
7 | Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $241,602,000, which represented .40% of the net assets of the fund. |
8 | Step bond; coupon rate may change at a later date. |
9 | Index-linked bond whose principal amount moves with a government price index. |
10 | Scheduled interest and/or principal payment was not received. |
11 | Rate represents the seven-day yield at 7/31/2024. |
12 | Security purchased with cash collateral from securities on loan. |
13 | Affiliated issuer during the reporting period but no longer an affiliate at 7/31/2024. Refer to the investment portfolio for the security value at 7/31/2024. |
14 | Represents net activity. |
15 | Dividend income is included with securities lending income and is not shown in this table. |
16 | Amount less than .01%. |
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. 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. Security transactions are recorded by the fund as of the date the trades are executed with brokers. 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.
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.
New World Fund — Page 16 of 19
unaudited
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 |
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. Exchange-traded futures are generally valued at the official settlement price of the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. The average month-end notional amount of futures contracts while held was $276,032,000. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. The average month-end notional amount of open forward currency contracts while held was $230,921,000.
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 directors 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 directors 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 directors. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
New World Fund — Page 17 of 19
unaudited
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 following tables present the fund’s valuation levels as of July 31, 2024 (dollars in thousands):
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Financials | $2,502,974 | $7,288,937 | $— * | $9,791,911 |
Information technology | 4,049,439 | 5,313,108 | 11,277 | 9,373,824 |
Industrials | 1,816,991 | 4,933,460 | — | 6,750,451 |
Consumer discretionary | 2,174,084 | 4,196,336 | — | 6,370,420 |
Health care | 2,365,689 | 3,614,280 | — | 5,979,969 |
Communication services | 2,096,491 | 3,133,328 | — | 5,229,819 |
Consumer staples | 933,357 | 3,309,970 | — | 4,243,327 |
Materials | 2,301,695 | 1,448,438 | — * | 3,750,133 |
Energy | 543,020 | 1,085,403 | — * | 1,628,423 |
Real estate | 217,211 | 729,838 | — | 947,049 |
Utilities | 287,582 | 483,675 | — | 771,257 |
Preferred securities | 171,110 | 154,820 | 77,007 | 402,937 |
Rights & warrants | — | 17,039 | — | 17,039 |
Convertible stocks | 4,150 | — | — | 4,150 |
Bonds, notes & other debt instruments: | ||||
Bonds & notes of governments & government agencies outside the U.S. | — | 1,831,610 | — | 1,831,610 |
Corporate bonds, notes & loans | — | 236,138 | — | 236,138 |
Short-term securities | 3,143,358 | 25,645 | — | 3,169,003 |
Total | $22,607,151 | $37,802,025 | $88,284 | $60,497,460 |
Other investments† | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $1,581 | $— | $— | $1,581 |
Unrealized appreciation on open forward currency contracts | — | 1,976 | — | 1,976 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (1,148 ) | — | — | (1,148 ) |
Unrealized depreciation on open forward currency contracts | — | (2,569 ) | — | (2,569 ) |
Total | $433 | $(593 ) | $— | $(160 ) |
*
Amount less than one thousand.
†
Futures contracts and forward currency contracts are not included in the fund’s investment portfolio.
New World Fund — Page 18 of 19
unaudited
Key to abbreviation(s) |
ADR = American Depositary Receipts |
BRL = Brazilian reais |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
CLP = Chilean pesos |
CNY = Chinese yuan |
COP = Colombian pesos |
CZK = Czech korunas |
DOP = Dominican pesos |
EGP = Egyptian pounds |
EUR = Euros |
GBP = British pounds |
GDR = Global Depositary Receipts |
HUF = Hungarian forints |
IDR = Indonesian rupiah |
INR = Indian rupees |
MXN = Mexican pesos |
MYR = Malaysian ringgits |
NGN = Nigerian naira |
NOK = Norwegian kroner |
PLN = Polish zloty |
REIT = Real Estate Investment Trust |
SOFR = Secured Overnight Financing Rate |
THB = Thai baht |
TRY = Turkish lira |
USD = U.S. dollars |
ZAR = South African rand |
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Capital Client Group, Inc., member FINRA.
© 2024 Capital Group. All rights reserved.
MFGEFP3-036-0924
New World Fund — Page 19 of 19