unaudited
Common stocks 92.99% Information technology 32.06% | Shares | Value (000) | |
ASML Holding NV1 | 591,992 | $361,079 | |
ASML Holding NV (New York registered) (ADR) | 458,500 | 283,059 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 24,817,000 | 516,030 | |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 140,000 | 16,559 | |
Microsoft Corp. | 1,902,900 | 448,647 | |
PayPal Holdings, Inc.2 | 800,963 | 194,506 | |
Adyen NV1,2 | 61,500 | 137,877 | |
Paycom Software, Inc.2 | 357,000 | 132,111 | |
Broadcom Inc. | 233,350 | 108,195 | |
Adobe Inc.2 | 135,000 | 64,175 | |
Samsung Electronics Co., Ltd.1 | 785,100 | 56,709 | |
Zendesk, Inc.2 | 419,500 | 55,634 | |
PagSeguro Digital Ltd., Class A2 | 1,094,000 | 50,652 | |
Amphenol Corp., Class A | 747,000 | 49,280 | |
EPAM Systems, Inc.2 | 105,240 | 41,748 | |
Keyence Corp.1 | 72,300 | 33,001 | |
Mastercard Inc., Class A | 67,500 | 24,033 | |
Advanced Micro Devices, Inc.2 | 301,500 | 23,668 | |
Hexagon AB, Class B1 | 240,000 | 22,133 | |
TeamViewer AG1,2 | 428,000 | 18,288 | |
Network International Holdings PLC1,2 | 3,173,000 | 18,095 | |
Amadeus IT Group SA, Class A, non-registered shares1,2 | 212,301 | 15,028 | |
Visa Inc., Class A | 70,197 | 14,863 | |
Worldline SA, non-registered shares1,2 | 152,800 | 12,805 | |
Jack Henry & Associates, Inc. | 69,400 | 10,529 | |
2,708,704 | |||
Consumer discretionary 18.23% | |||
Amazon.com, Inc.2 | 144,050 | 445,702 | |
Chipotle Mexican Grill, Inc.2 | 120,700 | 171,493 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 158,900 | 105,890 | |
Domino’s Pizza, Inc. | 230,200 | 84,665 | |
Ocado Group PLC1,2 | 2,881,000 | 80,838 | |
Floor & Decor Holdings, Inc., Class A2 | 751,166 | 71,721 | |
NIKE, Inc., Class B | 383,100 | 50,910 | |
Prosus NV1 | 447,800 | 49,925 | |
Renault SA1,2 | 1,100,000 | 47,510 | |
Coupang, Inc., Class A2,3 | 906,542 | 44,738 | |
Naspers Ltd., Class N1 | 122,700 | 29,425 | |
Home Depot, Inc. | 92,275 | 28,167 | |
Meituan, Class B1,2 | 699,700 | 26,955 | |
Sony Group Corp.1 | 243,000 | 25,583 | |
Alibaba Group Holding Ltd.1,2 | 883,000 | 24,987 | |
XPeng Inc., Class A (ADR)2 | 671,711 | 24,524 | |
MercadoLibre, Inc.2 | 16,400 | 24,143 | |
Stellantis NV1 | 1,327,055 | 23,466 | |
MGM China Holdings, Ltd.1 | 12,708,000 | 22,631 |
American Funds Insurance Series — Global Growth Fund — Page 1 of 240
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Wynn Macau, Ltd.1 | 10,510,400 | $20,485 | |
IDP Education Ltd.1 | 1,119,000 | 20,387 | |
Booking Holdings Inc.2 | 8,400 | 19,571 | |
Entain PLC1,2 | 887,000 | 18,569 | |
EssilorLuxottica1 | 102,335 | 16,667 | |
Melco Resorts & Entertainment Ltd. (ADR)2 | 835,000 | 16,625 | |
JD Health International Inc.1,2 | 893,550 | 12,915 | |
Moncler SpA1,2 | 217,370 | 12,487 | |
Marriott International, Inc., Class A2 | 74,000 | 10,960 | |
THG PLC1,2 | 1,026,870 | 8,828 | |
1,540,767 | |||
Health care 11.21% | |||
UnitedHealth Group Inc. | 259,600 | 96,589 | |
DexCom, Inc.2 | 253,000 | 90,926 | |
Cigna Corp. | 316,600 | 76,535 | |
Mettler-Toledo International Inc.2 | 65,000 | 75,120 | |
AstraZeneca PLC1 | 674,300 | 67,241 | |
Pfizer Inc. | 1,699,000 | 61,555 | |
Fisher & Paykel Healthcare Corp. Ltd.1 | 2,550,000 | 57,257 | |
Merck & Co., Inc. | 620,000 | 47,796 | |
NovoCure Ltd.2 | 340,000 | 44,941 | |
Silk Road Medical, Inc.2 | 702,000 | 35,556 | |
Regeneron Pharmaceuticals, Inc.2 | 64,200 | 30,376 | |
Tandem Diabetes Care, Inc.2 | 285,000 | 25,151 | |
Danaher Corp. | 110,000 | 24,759 | |
Humana Inc. | 55,000 | 23,059 | |
Bayer AG1 | 363,860 | 23,025 | |
Catalent, Inc.2 | 200,000 | 21,062 | |
Zoetis Inc., Class A | 130,000 | 20,473 | |
bioMérieux SA1 | 135,000 | 17,209 | |
Eli Lilly and Company | 92,000 | 17,188 | |
Olympus Corp.1 | 796,800 | 16,529 | |
Teladoc Health, Inc.2 | 79,000 | 14,358 | |
Novartis AG1 | 165,600 | 14,146 | |
Sanofi1 | 135,000 | 13,343 | |
Rede D’Or Sao Luiz SA | 1,060,000 | 12,224 | |
Vertex Pharmaceuticals Inc.2 | 49,500 | 10,637 | |
Coloplast A/S, Class B1 | 55,750 | 8,393 | |
Viatris Inc.2 | 110,678 | 1,546 | |
946,994 | |||
Financials 9.69% | |||
AIA Group Ltd.1 | 12,338,700 | 150,107 | |
Tradeweb Markets Inc., Class A | 1,685,360 | 124,717 | |
MarketAxess Holdings Inc. | 151,400 | 75,385 | |
Kotak Mahindra Bank Ltd.1,2 | 3,018,964 | 72,591 | |
JPMorgan Chase & Co. | 438,700 | 66,783 | |
AXA SA1 | 1,692,893 | 45,388 | |
Prudential PLC1 | 1,773,082 | 37,589 | |
Citigroup Inc. | 497,600 | 36,200 | |
Moscow Exchange MICEX-RTS PJSC1 | 12,640,000 | 29,047 | |
Société Générale1,2 | 1,011,450 | 26,429 | |
BlackRock, Inc. | 26,500 | 19,980 | |
Willis Towers Watson PLC | 73,000 | 16,708 |
American Funds Insurance Series — Global Growth Fund — Page 2 of 240
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) | |
QBE Insurance Group Ltd.1 | 2,132,000 | $15,658 | |
CME Group Inc., Class A | 76,437 | 15,611 | |
HDFC Life Insurance Company Ltd.1,2 | 1,589,691 | 15,171 | |
Bank of America Corp. | 385,000 | 14,896 | |
FinecoBank SpA1,2 | 893,000 | 14,653 | |
Macquarie Group Ltd.1 | 101,500 | 11,768 | |
Banco Santander, SA1 | 2,946,020 | 10,013 | |
Sberbank of Russia PJSC (ADR)1 | 645,500 | 9,948 | |
Lufax Holding Ltd. (ADR)2,3 | 680,000 | 9,874 | |
818,516 | |||
Communication services 8.60% | |||
Alphabet Inc., Class A2 | 95,500 | 196,971 | |
Alphabet Inc., Class C2 | 63,852 | 132,086 | |
Tencent Holdings Ltd.1 | 2,028,000 | 159,881 | |
Facebook, Inc., Class A2 | 395,600 | 116,516 | |
Bilibili Inc., Class Z1,2 | 284,200 | 30,269 | |
Altice USA, Inc., Class A2 | 751,200 | 24,437 | |
Sea Ltd., Class A (ADR)2 | 95,851 | 21,397 | |
Twitter, Inc.2 | 252,000 | 16,035 | |
Kuaishou Technology, Class B1,2,4,5 | 571,000 | 15,865 | |
Kuaishou Technology, Class B1,2 | 900 | 31 | |
Bumble Inc., Class A2 | 217,500 | 13,568 | |
727,056 | |||
Consumer staples 6.14% | |||
British American Tobacco PLC1 | 2,921,900 | 111,760 | |
Kweichow Moutai Co., Ltd., Class A1 | 269,957 | 82,975 | |
Philip Morris International Inc. | 919,500 | 81,596 | |
Altria Group, Inc. | 1,248,500 | 63,873 | |
Keurig Dr Pepper Inc. | 1,624,000 | 55,817 | |
Nestlé SA1 | 365,950 | 40,787 | |
Walgreens Boots Alliance, Inc. | 657,651 | 36,105 | |
Associated British Foods PLC1,2 | 595,000 | 19,816 | |
Costco Wholesale Corp. | 42,170 | 14,864 | |
Mondelez International, Inc. | 192,000 | 11,238 | |
518,831 | |||
Industrials 3.51% | |||
DSV Panalpina A/S1 | 201,000 | 39,415 | |
MTU Aero Engines AG1 | 167,000 | 39,305 | |
Airbus SE, non-registered shares1,2 | 327,000 | 37,038 | |
Alliance Global Group, Inc.1 | 135,603,500 | 29,778 | |
GT Capital Holdings, Inc.1 | 2,454,611 | 26,376 | |
Safran SA1,2 | 164,000 | 22,326 | |
NIBE Industrier AB, Class B1 | 685,000 | 21,245 | |
Country Garden Services Holdings Co., Ltd.1 | 2,003,000 | 20,429 | |
Nidec Corp.1 | 149,100 | 18,213 | |
General Electric Co. | 1,260,000 | 16,544 | |
SMC Corp.1 | 22,500 | 13,128 | |
Boeing Company2 | 51,300 | 13,067 | |
296,864 |
American Funds Insurance Series — Global Growth Fund — Page 3 of 240
unaudited
Common stocks (continued) Materials 1.79% | Shares | Value (000) | |
Sherwin-Williams Company | 153,900 | $113,580 | |
Shin-Etsu Chemical Co., Ltd.1 | 119,500 | 20,191 | |
Koninklijke DSM NV1 | 101,700 | 17,209 | |
150,980 | |||
Energy 1.08% | |||
Reliance Industries Ltd.1 | 1,623,617 | 44,627 | |
Reliance Industries Ltd., interim shares1 | 106,956 | 1,600 | |
Gazprom PJSC (ADR)1 | 4,173,000 | 24,899 | |
LUKOIL Oil Co. PJSC (ADR)1 | 246,300 | 19,924 | |
91,050 | |||
Real estate 0.37% | |||
Goodman Logistics (HK) Ltd. REIT1 | 1,276,503 | 17,585 | |
ESR Cayman Ltd.1,2 | 4,100,000 | 13,478 | |
31,063 | |||
Utilities 0.31% | |||
Ørsted AS1 | 161,450 | 26,120 | |
Total common stocks (cost: $3,696,347,000) | 7,856,945 | ||
Preferred securities 3.11% Health care 2.13% | |||
Sartorius AG, nonvoting preferred, non-registered shares1 | 360,500 | 179,759 | |
Information technology 0.98% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 1,289,000 | 83,396 | |
Total preferred securities (cost: $70,623,000) | 263,155 | ||
Short-term securities 4.30% Money market investments 3.92% | |||
Capital Group Central Cash Fund 0.08%6,7 | 3,306,464 | 330,680 | |
Money market investments purchased from securities lending collateral 0.38% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%6,8 | 25,954,120 | 25,954 | |
Capital Group Central Cash Fund 0.08%6,7,8 | 63,354 | 6,336 | |
32,290 | |||
Total short-term securities (cost: $362,955,000) | 362,970 | ||
Total investment securities 100.40% (cost: $4,129,925,000) | 8,483,070 | ||
Other assets less liabilities (0.40)% | (33,440) | ||
Net assets 100.00% | $8,449,630 |
American Funds Insurance Series — Global Growth Fund — Page 4 of 240
unaudited
Investments in affiliates7
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 3.99% | |||||||
Money market investments 3.92% | |||||||
Capital Group Central Cash Fund 0.08%6 | $125,696 | $452,944 | $247,960 | $2 | $(2) | $330,680 | $55 |
Money market investments purchased from securities lending collateral 0.07% | |||||||
Capital Group Central Cash Fund 0.08%6,8 | — | —9 | —9 | —9 | —9 | 6,336 | —9 |
Total short-term securities | 337,016 | ||||||
Total 3.99% | $2 | $(2) | $337,016 | $55 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $3,571,523,000, which represented 42.27% of the net assets of the fund. This amount includes $3,555,658,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $35,124,000, which represented .42% of the net assets of the fund. |
4 | Value determined using significant unobservable inputs. |
5 | Acquired in a transaction exempt from registration under Rule 144A 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 $15,865,000, which represented .19% of the net assets of the fund. |
6 | Rate represents the seven-day yield at 3/31/2021. |
7 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
8 | Security purchased with cash collateral from securities on loan. |
9 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
Key to abbreviation |
ADR = American Depositary Receipts |
American Funds Insurance Series — Global Growth Fund — Page 5 of 240
unaudited
Common stocks 95.00% Information technology 23.59% | Shares | Value (000) | |
Cree, Inc.1 | 1,255,300 | $135,736 | |
BE Semiconductor Industries NV2 | 765,430 | 64,474 | |
Ceridian HCM Holding Inc.1 | 730,900 | 61,593 | |
Net One Systems Co., Ltd.2 | 1,800,725 | 57,891 | |
PAR Technology Corp.1,3 | 732,482 | 47,912 | |
Unimicron Technology Corp.2 | 14,281,000 | 46,011 | |
Kingdee International Software Group Co. Ltd.2 | 11,217,074 | 35,332 | |
Qorvo, Inc.1 | 190,000 | 34,713 | |
Silergy Corp.2 | 383,740 | 31,452 | |
Appfolio, Inc., Class A1 | 216,580 | 30,627 | |
Inphi Corp.1 | 157,618 | 28,121 | |
Avast PLC2 | 4,435,443 | 27,888 | |
Bentley Systems, Inc., Class B | 563,300 | 26,436 | |
SimCorp AS2 | 204,350 | 25,294 | |
SUMCO Corp.2 | 999,000 | 23,080 | |
MACOM Technology Solutions Holdings, Inc.1 | 380,000 | 22,048 | |
Smartsheet Inc., Class A1 | 337,600 | 21,579 | |
Nordic Semiconductor ASA1,2 | 1,196,967 | 21,459 | |
Globant SA1 | 101,000 | 20,969 | |
Avalara, Inc.1 | 154,419 | 20,604 | |
Network International Holdings PLC1,2 | 3,434,882 | 19,588 | |
Pegasystems Inc. | 169,591 | 19,391 | |
Euronet Worldwide, Inc.1 | 140,000 | 19,362 | |
AI inside Inc.1,2,3 | 59,213 | 19,103 | |
Tanla Platforms Ltd.2 | 1,677,291 | 18,758 | |
LEM Holding SA2 | 9,570 | 18,490 | |
Olo, Inc., Class A1 | 674,270 | 17,794 | |
Carel Industries SpA2 | 846,751 | 17,238 | |
BTRS Holdings Inc., Class A1 | 1,140,000 | 16,496 | |
ON Semiconductor Corp.1 | 395,000 | 16,436 | |
Silicon Laboratories Inc.1 | 115,900 | 16,350 | |
Keywords Studios PLC1,2 | 440,000 | 15,620 | |
Anaplan, Inc.1 | 285,933 | 15,397 | |
Nuance Communications, Inc.1 | 342,400 | 14,942 | |
SHIFT Inc.1,2 | 121,200 | 14,441 | |
Aspen Technology, Inc.1 | 93,100 | 13,437 | |
Oneconnect Financial Technology Co., Ltd. (ADR)1 | 851,236 | 12,581 | |
Lightspeed POS Inc., subordinate voting shares1 | 189,205 | 11,884 | |
Asana, Inc., Class A1 | 415,300 | 11,869 | |
Bechtle AG, non-registered shares2 | 62,951 | 11,805 | |
Cognex Corp. | 136,300 | 11,311 | |
Alteryx, Inc., Class A1 | 125,000 | 10,370 | |
Computer Services, Inc. | 163,500 | 9,646 | |
Trustpilot AS1,2 | 2,573,727 | 9,402 | |
Rapid7, Inc.1 | 121,000 | 9,028 | |
C3.ai, Inc., Class A1,3 | 133,326 | 8,787 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 6 of 240
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Globalwafers Co., Ltd.2 | 311,000 | $8,270 | |
SINBON Electronics Co., Ltd.1,2 | 857,000 | 7,979 | |
INFICON Holding AG2 | 7,397 | 7,773 | |
Pexip Holding ASA1,2,3 | 676,082 | 7,565 | |
ALTEN SA, non-registered shares1,2 | 62,181 | 7,301 | |
Alignment Healthcare, Inc.1 | 322,800 | 7,079 | |
MongoDB, Inc., Class A1 | 25,000 | 6,686 | |
Appen Ltd.2 | 500,700 | 6,053 | |
Okta, Inc., Class A1 | 27,263 | 6,010 | |
Megaport Ltd.1,2 | 650,000 | 5,518 | |
BigCommerce Holdings, Inc., Series 11 | 90,000 | 5,202 | |
Renishaw PLC2 | 51,895 | 4,584 | |
Coupa Software Inc.1 | 18,000 | 4,581 | |
Appier Group, Inc.1,2 | 239,900 | 3,488 | |
JFrog Ltd.1 | 77,643 | 3,445 | |
Yangtze Optical Fibre and Cable Joint Stock Ltd. Co., Class H2 | 1,334,000 | 1,697 | |
Yotpo Ltd.1,2,4,5,6 | 678,736 | 1,418 | |
Nuvei Corp., subordinate voting shares1 | 4,439 | 268 | |
1,257,662 | |||
Health care 21.41% | |||
Insulet Corp.1 | 524,329 | 136,808 | |
Haemonetics Corp.1 | 796,700 | 88,442 | |
CanSino Biologics Inc., Class H1,2 | 2,132,400 | 80,971 | |
Allakos Inc.1 | 586,080 | 67,270 | |
Applied Molecular Transport Inc.1 | 1,262,088 | 55,544 | |
Notre Dame Intermédica Participações SA | 3,615,264 | 53,182 | |
Mani, Inc.2 | 1,808,129 | 45,531 | |
Health Catalyst, Inc.1 | 922,700 | 43,155 | |
Integra LifeSciences Holdings Corp.1 | 587,999 | 40,625 | |
New Frontier Health Corp., Class A1,6 | 2,680,000 | 30,284 | |
New Frontier Health Corp., Class A1 | 742,000 | 8,385 | |
WuXi Biologics (Cayman) Inc.1,2 | 2,937,500 | 37,054 | |
PRA Health Sciences, Inc.1 | 232,322 | 35,622 | |
Kronos Bio, Inc.1,2,6 | 619,195 | 17,761 | |
Kronos Bio, Inc.1 | 387,795 | 11,351 | |
Globus Medical, Inc., Class A1 | 447,600 | 27,603 | |
Ocumension Therapeutics1,2,3 | 9,298,466 | 27,567 | |
Cortexyme, Inc.1 | 759,458 | 27,363 | |
Max Healthcare Institute Ltd.1,2 | 9,064,851 | 25,616 | |
Ultragenyx Pharmaceutical Inc.1 | 206,663 | 23,531 | |
CompuGroup Medical SE & Co. KGaA2 | 277,700 | 23,465 | |
Allogene Therapeutics, Inc.1 | 620,437 | 21,901 | |
GVS SpA1,2 | 1,350,919 | 21,248 | |
CONMED Corp. | 148,708 | 19,420 | |
Nevro Corp.1 | 131,205 | 18,303 | |
Guardant Health, Inc.1 | 119,227 | 18,200 | |
iRhythm Technologies, Inc.1 | 117,320 | 16,291 | |
Amplifon SpA1,2 | 384,374 | 14,330 | |
Shandong Pharmaceutical Glass Co., Ltd., Class A2 | 2,180,508 | 13,231 | |
Ambu AS, Class B, non-registered shares2 | 266,155 | 12,502 | |
NuCana PLC (ADR)1,3 | 2,356,233 | 11,758 | |
Medincell SA1,2,3 | 809,800 | 11,113 | |
AddLife AB, Class B2 | 457,682 | 8,223 | |
Madrigal Pharmaceuticals, Inc.1 | 61,425 | 7,185 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 7 of 240
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) | |
BioMarin Pharmaceutical Inc.1 | 92,000 | $6,947 | |
Encompass Health Corp. | 79,000 | 6,470 | |
New Horizon Health Ltd.1,2 | 788,900 | 5,906 | |
Arjo AB, Class B2 | 765,000 | 5,699 | |
Bachem Holding AG, Class B2 | 12,680 | 5,435 | |
Innovage Holding Corp.1 | 169,600 | 4,374 | |
Lucira Health, Inc.1 | 223,129 | 2,700 | |
Uniphar PLC2 | 792,432 | 2,379 | |
Hutchison China MediTech Ltd. (ADR)1 | 26,800 | 757 | |
NMC Health PLC1,2,4 | 219,652 | 3 | |
1,141,505 | |||
Consumer discretionary 17.86% | |||
Shop Apotheke Europe NV, non-registered shares1,2 | 282,300 | 61,583 | |
Thor Industries, Inc. | 424,100 | 57,143 | |
Wyndham Hotels & Resorts, Inc. | 808,069 | 56,387 | |
Lands’ End, Inc.1,7 | 2,100,000 | 52,101 | |
Helen of Troy Ltd.1 | 207,200 | 43,649 | |
Coursera, Inc.1,2,6 | 975,534 | 37,753 | |
Coursera, Inc.1 | 111,000 | 4,995 | |
Mattel, Inc.1 | 2,100,069 | 41,833 | |
YETI Holdings, Inc.1 | 557,303 | 40,243 | |
Five Below, Inc.1 | 199,700 | 38,101 | |
Entain PLC1,2 | 1,648,600 | 34,513 | |
Evolution Gaming Group AB2 | 233,015 | 34,322 | |
Kindred Group PLC (SDR)2 | 1,806,800 | 31,761 | |
Tube Investments of India Ltd.2 | 1,700,000 | 27,834 | |
Skechers USA, Inc., Class A1 | 550,000 | 22,940 | |
Tongcheng-Elong Holdings Ltd.1,2 | 10,084,800 | 22,837 | |
At Home Group Inc.1 | 783,185 | 22,477 | |
zooplus AG, non-registered shares1,2 | 73,985 | 21,130 | |
Everi Holdings Inc.1 | 1,402,353 | 19,787 | |
Inchcape PLC2 | 1,871,000 | 19,389 | |
SSP Group PLC1,2 | 3,369,862 | 17,304 | |
Arco Platform Ltd., Class A1 | 638,725 | 16,185 | |
Melco International Development Ltd.2 | 7,826,000 | 16,003 | |
Just Eat Takeaway (EUR denominated)1,2 | 157,979 | 14,602 | |
TopBuild Corp.1 | 69,627 | 14,582 | |
Musti Group Oyj2 | 436,550 | 14,106 | |
Basic-Fit NV1,2 | 332,417 | 12,805 | |
Bright Horizons Family Solutions Inc.1 | 74,300 | 12,739 | |
IDP Education Ltd.2 | 691,561 | 12,600 | |
Purple Innovation, Inc., Class A1 | 390,000 | 12,344 | |
Leslie’s, Inc.1 | 472,809 | 11,579 | |
Cie. Plastic Omnium SA2 | 308,912 | 11,321 | |
Patrick Industries, Inc. | 131,700 | 11,195 | |
B2W - Cia. Digital, ordinary nominative1 | 1,010,093 | 10,902 | |
Thule Group AB2 | 219,800 | 9,537 | |
Cairn Homes PLC1,2 | 6,829,200 | 8,343 | |
Countryside Properties PLC1,2 | 977,700 | 6,850 | |
frontdoor, inc.1 | 124,700 | 6,703 | |
Zhongsheng Group Holdings Ltd.2 | 938,500 | 6,616 | |
Elior Group SA2 | 882,500 | 6,554 | |
Asbury Automotive Group, Inc.1 | 31,861 | 6,261 | |
Desenio Group AB1,2 | 591,400 | 5,756 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 8 of 240
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Sonans Gruppen AS1,2 | 802,602 | $5,215 | |
Dalata Hotel Group PLC1,2 | 800,000 | 4,026 | |
Food & Life Companies Ltd.2 | 71,771 | 3,181 | |
OneSpaWorld Holdings Ltd. | 245,538 | 2,615 | |
DraftKings Inc., Class A1 | 16,755 | 1,028 | |
China Zenix Auto International Ltd. (ADR)1 | 428,500 | 171 | |
951,901 | |||
Industrials 14.10% | |||
Nihon M&A Center Inc.2 | 2,568,584 | 69,745 | |
IMCD NV2 | 285,600 | 39,694 | |
Boyd Group Services Inc. | 233,326 | 39,536 | |
Stericycle, Inc.1 | 560,931 | 37,868 | |
International Container Terminal Services, Inc.2 | 14,412,500 | 35,962 | |
Bingo Industries Ltd.2,3 | 14,571,008 | 33,511 | |
Meggitt PLC1,2 | 5,035,900 | 33,156 | |
Shoals Technologies Group, Inc., Class A1 | 849,500 | 29,546 | |
Instalco AB2 | 730,713 | 26,734 | |
Interpump Group SpA2 | 447,000 | 22,529 | |
Japan Elevator Service Holdings Co., Ltd.2 | 970,400 | 20,941 | |
Wizz Air Holdings PLC1,2 | 294,200 | 19,564 | |
Diploma PLC2 | 556,200 | 19,542 | |
Avon Rubber PLC2 | 383,500 | 16,711 | |
Melrose Industries PLC1,2 | 7,236,000 | 16,654 | |
Nolato AB, Class B1,2 | 185,100 | 16,489 | |
Alfen NV1,2 | 193,371 | 15,982 | |
Fasadgruppen Group AB1,2 | 1,226,704 | 15,872 | |
Granite Construction Inc. | 393,700 | 15,846 | |
VAT Group AG2 | 54,940 | 15,399 | |
Guangzhou Baiyun International Airport Co. Ltd., Class A2 | 7,215,639 | 14,716 | |
Centre Testing International Group Co., Ltd.2 | 3,266,269 | 14,225 | |
Marel hf.2 | 1,971,482 | 13,402 | |
Han’s Laser Technology Industry Group Co., Ltd., Class A2 | 2,037,982 | 13,211 | |
Cleanaway Waste Management Ltd.2 | 7,580,970 | 12,700 | |
Woodward, Inc. | 105,000 | 12,666 | |
CAE Inc. | 375,000 | 10,686 | |
Rumo SA1 | 2,833,057 | 10,192 | |
Matson, Inc. | 150,400 | 10,032 | |
Montrose Environmental Group, Inc.1 | 190,800 | 9,576 | |
Cargotec Corp., Class B, non-registered shares2 | 160,222 | 8,663 | |
IAA, Inc.1 | 141,750 | 7,816 | |
Addtech AB, Class B2 | 497,200 | 7,400 | |
Cummins India Ltd.2 | 550,000 | 6,927 | |
Atlas Corp. | 500,000 | 6,825 | |
Vicor Corp., Class A1 | 70,628 | 6,005 | |
Kajaria Ceramics Ltd.2 | 450,000 | 5,719 | |
BWX Technologies, Inc. | 85,000 | 5,605 | |
LIXIL Corp.2 | 196,500 | 5,476 | |
Imperial Logistics Ltd.2 | 1,643,000 | 5,265 | |
Sitowise Group PLC1,2 | 512,300 | 5,095 | |
Nitto Boseki Co., Ltd.2,3 | 132,500 | 4,832 | |
BELIMO Holding AG2 | 523 | 4,229 | |
Howden Joinery Group PLC2 | 397,956 | 4,023 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 9 of 240
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
McPhy Energy SA1,2,3 | 74,800 | $2,861 | |
The AZEK Company Inc., Class A1 | 54,400 | 2,288 | |
751,716 | |||
Financials 6.97% | |||
Trupanion, Inc.1 | 578,992 | 44,125 | |
Janus Henderson Group PLC | 1,367,400 | 42,595 | |
Star Health & Allied Insurance Co., Ltd.1,2,4,5 | 6,037,336 | 40,376 | |
Live Oak Bancshares, Inc. | 579,250 | 39,673 | |
Cholamandalam Investment and Finance Co., Ltd.2 | 3,073,827 | 23,567 | |
Eurobank Ergasias Services and Holdings SA1,2 | 26,603,836 | 22,557 | |
South State Corp. | 283,300 | 22,242 | |
East West Bancorp, Inc. | 287,300 | 21,203 | |
Stifel Financial Corp. | 271,050 | 17,363 | |
Capitec Bank Holdings Ltd.1,2 | 179,400 | 17,260 | |
Indian Energy Exchange Ltd.2 | 3,150,000 | 14,348 | |
Aavas Financiers Ltd.1,2 | 427,927 | 14,184 | |
Independent Bank Group, Inc. | 192,300 | 13,892 | |
IIFL Wealth Management Ltd.2 | 677,558 | 11,490 | |
Multi Commodity Exchange of India Ltd.2 | 369,000 | 7,638 | |
Essent Group Ltd. | 112,944 | 5,364 | |
SiriusPoint Ltd.1 | 492,500 | 5,009 | |
Linklogis Inc., Class B1,2 | 1,811,500 | 4,096 | |
BOK Financial Corp. | 20,200 | 1,804 | |
Fanhua Inc. (ADR) | 106,900 | 1,489 | |
Huize Holding Ltd. (ADR)1 | 90,620 | 759 | |
Cullen/Frost Bankers, Inc. | 3,500 | 381 | |
371,415 | |||
Communication services 2.60% | |||
Skillz Inc., Class A1,2,6 | 1,399,676 | 24,518 | |
DouYu International Holdings Ltd. (ADR)1 | 2,348,274 | 24,446 | |
Capcom Co., Ltd.2 | 453,600 | 14,789 | |
Bandwidth Inc., Class A1 | 112,900 | 14,309 | |
Boat Rocker Media Inc.1,7 | 1,890,000 | 13,536 | |
New York Times Co., Class A | 259,500 | 13,136 | |
Square Enix Holdings Co., Ltd.2 | 143,200 | 7,968 | |
Kamakura Shinsho, Ltd.2 | 677,700 | 7,855 | |
Daily Mail and General Trust PLC, Class A, nonvoting shares2 | 511,400 | 6,400 | |
Euskaltel, SA, non-registered shares2 | 455,063 | 5,923 | |
Zee Entertainment Enterprises Ltd.2 | 1,398,700 | 3,899 | |
Cardlytics, Inc.1 | 16,500 | 1,810 | |
138,589 | |||
Materials 2.28% | |||
Nanofilm Technologies International Ltd.1,2 | 8,615,000 | 32,148 | |
Lundin Mining Corp. | 2,499,936 | 25,721 | |
PI Industries Ltd.2 | 758,167 | 23,447 | |
Navin Fluorine International Ltd.2 | 445,388 | 16,800 | |
Vidrala, SA, non-registered shares2 | 67,694 | 7,437 | |
SK Materials Co., Ltd.2 | 16,400 | 4,525 | |
ACC Ltd.2 | 162,209 | 4,235 | |
LANXESS AG2 | 54,500 | 4,017 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 10 of 240
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Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Arkema SA2 | 15,200 | $1,842 | |
APL Apollo Tubes Ltd.1,2 | 59,070 | 1,133 | |
121,305 | |||
Consumer staples 2.13% | |||
Freshpet, Inc.1 | 300,695 | 47,753 | |
Grocery Outlet Holding Corp.1 | 911,400 | 33,622 | |
AAK AB2 | 485,760 | 10,997 | |
Hilton Food Group PLC2 | 586,277 | 8,681 | |
Froy ASA1,2 | 873,400 | 6,229 | |
Vector Group Ltd. | 231,904 | 3,235 | |
Raia Drogasil SA, ordinary nominative | 445,000 | 1,981 | |
Zur Rose Group AG1,2 | 3,131 | 1,176 | |
113,674 | |||
Real estate 2.11% | |||
Altus Group Ltd. | 939,007 | 45,161 | |
Embassy Office Parks REIT2 | 5,189,400 | 23,134 | |
MGM Growth Properties LLC REIT, Class A | 500,000 | 16,310 | |
JHSF Participações SA | 9,099,476 | 11,252 | |
WHA Corp. PCL2 | 59,416,400 | 6,633 | |
Mindspace Business Parks REIT2 | 1,250,000 | 5,043 | |
Mitre Realty Empreendimentos e Participações SA1 | 1,955,500 | 4,412 | |
DoubleDragon Properties Corp.1,2 | 2,629,085 | 716 | |
112,661 | |||
Utilities 1.29% | |||
ENN Energy Holdings Ltd.2 | 4,026,200 | 64,677 | |
Neoenergia SA | 1,397,389 | 4,134 | |
68,811 | |||
Energy 0.66% | |||
Pioneer Natural Resources Company | 114,558 | 18,194 | |
Venture Global LNG, Inc., Series C1,2,4,5,6 | 2,760 | 11,855 | |
NuVista Energy Ltd.1 | 1,325,000 | 2,499 | |
Aegis Logistics Ltd.2 | 525,985 | 2,151 | |
Helmerich & Payne, Inc. | 7,700 | 208 | |
34,907 | |||
Total common stocks (cost: $2,895,914,000) | 5,064,146 | ||
Preferred securities 1.96% Information technology 1.49% | |||
Marqeta, Inc., Series E-1, 8.00% noncumulative, preferred shares1,2,4,5 | 1,859,092 | 36,624 | |
Avidxchange, Inc., Series F, preferred shares1,2,4,5 | 492,864 | 24,156 | |
Gitlab Inc., Series E, preferred shares1,2,4,5 | 297,916 | 11,917 | |
Yotpo Ltd., Series F, preferred shares1,2,4,5,6 | 2,158,609 | 4,748 | |
Yotpo Ltd., Series B, preferred shares1,2,4,5,6 | 287,894 | 602 | |
Yotpo Ltd., Series C, preferred shares1,2,4,5,6 | 274,070 | 573 | |
Yotpo Ltd., Series A-1, preferred shares1,2,4,5,6 | 183,819 | 384 | |
Yotpo Ltd., Series A, preferred shares1,2,4,5,6 | 89,605 | 187 | |
Yotpo Ltd., Series C-1, preferred shares1,2,4,5,6 | 75,980 | 159 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 11 of 240
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Preferred securities (continued) Information technology (continued) | Shares | Value (000) | |
Yotpo Ltd., Series D, preferred shares1,2,4,5,6 | 42,368 | $88 | |
Yotpo Ltd., Series B-1, preferred shares1,2,4,5,6 | 33,838 | 71 | |
79,509 | |||
Industrials 0.32% | |||
Azul SA, preferred nominative shares (ADR)1 | 800,316 | 16,159 | |
Azul SA, preferred nominative shares1 | 109,500 | 736 | |
16,895 | |||
Health care 0.15% | |||
PACT Pharma, Inc., Series C, 8.00% noncumulative, preferred shares1,2,4,5 | 2,931,405 | 8,231 | |
Total preferred securities (cost: $68,863,000) | 104,635 | ||
Rights & warrants 0.22% Information technology 0.15% | |||
OPT Machine Vision Tech Co., Ltd., Class A, warrants, expire 20231,2,5,6 | 224,400 | 8,134 | |
Consumer staples 0.07% | |||
Qingdao Richen Food Co., Ltd., Class A, warrants, expire 20221,2,5,6 | 345,000 | 3,631 | |
Total rights & warrants (cost: $15,108,000) | 11,765 | ||
Short-term securities 3.18% Money market investments 2.99% | |||
Capital Group Central Cash Fund 0.08%7,8 | 1,593,624 | 159,378 | |
Money market investments purchased from securities lending collateral 0.19% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%8,9 | 8,106,412 | 8,107 | |
Capital Group Central Cash Fund 0.08%7,8,9 | 19,735 | 1,979 | |
10,086 | |||
Total short-term securities (cost: $169,464,000) | 169,464 | ||
Total investment securities 100.36% (cost: $3,149,349,000) | 5,350,010 | ||
Other assets less liabilities (0.36)% | (19,437) | ||
Net assets 100.00% | $5,330,573 |
Investments in affiliates7
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Common stocks 1.23% | |||||||
Consumer discretionary 0.98% | |||||||
Lands’ End, Inc.1 | $45,297 | $— | $— | $— | $6,804 | $52,101 | $— |
Communication services 0.25% | |||||||
Boat Rocker Media Inc.1 | — | 13,601 | — | — | (65) | 13,536 | — |
Total common stocks | 65,637 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 12 of 240
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Investments in affiliates7 (continued)
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 3.03% | |||||||
Money market investments 2.99% | |||||||
Capital Group Central Cash Fund 0.08%8 | $15,136 | $503,502 | $359,260 | $3 | $(3) | $159,378 | $36 |
Money market investments purchased from securities lending collateral 0.04% | |||||||
Capital Group Central Cash Fund 0.08%8,9 | — | —10 | —10 | —10 | —10 | 1,979 | —10 |
Total short-term securities | 161,357 | ||||||
Total 4.26% | $3 | $6,736 | $226,994 | $36 |
1 | Security did not produce income during the last 12 months. |
2 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,453,386,000, which represented 46.02% of the net assets of the fund. This amount includes $2,216,101,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
3 | All or a portion of this security was on loan. The total value of all such securities was $17,552,000, which represented .33% of the net assets of the fund. |
4 | Value determined using significant unobservable inputs. |
5 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear below. |
6 | Acquired in a transaction exempt from registration under Rule 144A or Section 4(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 $142,166,000, which represented 2.67% of the net assets of the fund. |
7 | Affiliate of the fund or part of the same group of investment companies as the fund, in each case as defined under the Investment Company Act of 1940. |
8 | Rate represents the seven-day yield at 3/31/2021. |
9 | Security purchased with cash collateral from securities on loan. |
10 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
Private placement securities | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Star Health & Allied Insurance Co., Ltd. | 3/30/2021 | $40,710 | $40,376 | .76% |
Marqeta, Inc., Series E-1, 8.00% noncumulative, preferred shares | 5/27/2020 | 15,500 | 36,624 | .69 |
Avidxchange, Inc., Series F, preferred shares | 12/26/2019 | 24,156 | 24,156 | .45 |
Gitlab Inc., Series E, preferred shares | 9/11/2019 | 5,550 | 11,917 | .22 |
Venture Global LNG, Inc., Series C | 5/1/2015 | 8,280 | 11,855 | .22 |
PACT Pharma, Inc., Series C, 8.00% noncumulative, preferred shares | 2/7/2020 | 6,000 | 8,231 | .16 |
Yotpo Ltd., Series F, preferred shares | 2/25/2021 | 4,748 | 4,748 | .09 |
Yotpo Ltd. | 3/16/2021 | 1,418 | 1,418 | .03 |
Yotpo Ltd., Series B, preferred shares | 3/16/2021 | 602 | 602 | .01 |
Yotpo Ltd., Series C, preferred shares | 3/16/2021 | 573 | 573 | .01 |
Yotpo Ltd., Series A-1, preferred shares | 3/16/2021 | 384 | 384 | .01 |
Yotpo Ltd., Series A, preferred shares | 3/16/2021 | 187 | 187 | .00 |
Yotpo Ltd., Series C-1, preferred shares | 3/16/2021 | 159 | 159 | .00 |
Yotpo Ltd., Series D, preferred shares | 3/16/2021 | 89 | 88 | .00 |
Yotpo Ltd., Series B-1, preferred shares | 3/16/2021 | 71 | 71 | .00 |
Total private placement securities | $108,427 | $141,389 | 2.65% |
Key to abbreviations | |
ADR = American Depositary Receipts | |
EUR = Euros | |
SDR = Swedish Depositary Receipts |
American Funds Insurance Series — Global Small Capitalization Fund — Page 13 of 240
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Common stocks 96.82% Information technology 22.15% | Shares | Value (000) | |
Microsoft Corp. | 8,292,085 | $1,955,025 | |
Broadcom Inc. | 1,783,766 | 827,061 | |
ASML Holding NV1 | 635,000 | 387,311 | |
ASML Holding NV (New York registered) (ADR) | 494,100 | 305,038 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 15,868,000 | 329,950 | |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 1,237,317 | 146,350 | |
Shopify Inc., Class A, subordinate voting shares2 | 375,000 | 414,938 | |
RingCentral, Inc., Class A2 | 1,210,988 | 360,729 | |
PayPal Holdings, Inc.2 | 1,319,600 | 320,452 | |
Visa Inc., Class A | 1,480,038 | 313,368 | |
Apple Inc. | 1,774,444 | 216,748 | |
FleetCor Technologies, Inc.2 | 753,863 | 202,510 | |
Mastercard Inc., Class A | 547,844 | 195,060 | |
Cree, Inc.2 | 1,773,003 | 191,715 | |
Advanced Micro Devices, Inc.2 | 2,273,779 | 178,492 | |
MongoDB, Inc., Class A2 | 594,973 | 159,114 | |
Square, Inc., Class A2 | 642,243 | 145,821 | |
Applied Materials, Inc. | 1,074,888 | 143,605 | |
Keyence Corp.1 | 300,900 | 137,345 | |
Micron Technology, Inc.2 | 1,447,335 | 127,669 | |
Fidelity National Information Services, Inc. | 884,718 | 124,400 | |
Tyler Technologies, Inc.2 | 263,200 | 111,736 | |
ServiceNow, Inc.2 | 221,680 | 110,864 | |
Ceridian HCM Holding Inc.2 | 1,250,400 | 105,371 | |
Bill.Com Holdings, Inc.2 | 552,663 | 80,412 | |
VeriSign, Inc.2 | 399,943 | 79,493 | |
Intel Corp. | 1,136,000 | 72,704 | |
Samsung Electronics Co., Ltd.1 | 1,003,000 | 72,448 | |
Trimble Inc.2 | 900,572 | 70,055 | |
ON Semiconductor Corp.2 | 1,622,519 | 67,513 | |
HubSpot, Inc.2 | 130,000 | 59,047 | |
Cloudflare, Inc., Class A2 | 600,000 | 42,156 | |
Flex Ltd.2 | 2,234,300 | 40,910 | |
Genpact Ltd. | 933,000 | 39,951 | |
SK hynix, Inc.1 | 330,800 | 38,954 | |
Zendesk, Inc.2 | 293,000 | 38,858 | |
Elastic NV, non-registered shares2 | 346,722 | 38,555 | |
NetApp, Inc. | 527,540 | 38,336 | |
Autodesk, Inc.2 | 124,173 | 34,415 | |
Fiserv, Inc.2 | 276,145 | 32,872 | |
Adobe Inc.2 | 69,034 | 32,817 | |
Okta, Inc., Class A2 | 142,366 | 31,382 | |
MKS Instruments, Inc. | 157,800 | 29,259 | |
Qualtrics International Inc., Class A2 | 810,559 | 26,675 | |
MicroStrategy, Inc., Class A2 | 36,950 | 25,082 | |
Jack Henry & Associates, Inc. | 151,356 | 22,964 |
American Funds Insurance Series — Growth Fund — Page 14 of 240
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Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Motorola Solutions, Inc. | 121,302 | $22,811 | |
Alteryx, Inc., Class A2 | 261,518 | 21,696 | |
EPAM Systems, Inc.2 | 52,839 | 20,961 | |
Concentrix Corp.2 | 125,672 | 18,816 | |
GoDaddy Inc., Class A2 | 213,800 | 16,595 | |
Keysight Technologies, Inc.2 | 114,689 | 16,446 | |
Smartsheet Inc., Class A2 | 238,281 | 15,231 | |
Enphase Energy, Inc.2 | 87,779 | 14,234 | |
Amadeus IT Group SA, Class A, non-registered shares1,2 | 196,096 | 13,881 | |
SYNNEX Corp. | 108,272 | 12,434 | |
TELUS International (Cda) Inc., subordinate voting shares2 | 396,024 | 11,081 | |
Guidewire Software, Inc.2 | 37,433 | 3,804 | |
8,713,520 | |||
Communication services 19.33% | |||
Facebook, Inc., Class A2 | 9,783,134 | 2,881,427 | |
Netflix, Inc.2 | 3,139,599 | 1,637,803 | |
Alphabet Inc., Class C2 | 468,422 | 968,992 | |
Alphabet Inc., Class A2 | 61,216 | 126,259 | |
Activision Blizzard, Inc. | 4,691,437 | 436,304 | |
Snap Inc., Class A2 | 8,244,500 | 431,105 | |
Charter Communications, Inc., Class A2 | 695,547 | 429,166 | |
T-Mobile US, Inc.2 | 1,930,498 | 241,872 | |
Comcast Corp., Class A | 3,802,566 | 205,757 | |
Zillow Group, Inc., Class C, nonvoting shares2 | 540,149 | 70,025 | |
Zillow Group, Inc., Class A2 | 271,354 | 35,650 | |
Live Nation Entertainment, Inc.2 | 400,000 | 33,860 | |
Twitter, Inc.2 | 460,000 | 29,270 | |
Match Group, Inc.2 | 177,679 | 24,410 | |
Bumble Inc., Class A2 | 334,537 | 20,868 | |
Pinterest, Inc., Class A2 | 276,345 | 20,458 | |
Iridium Communications Inc.2 | 245,040 | 10,108 | |
7,603,334 | |||
Consumer discretionary 17.73% | |||
Tesla, Inc.2 | 4,564,000 | 3,048,433 | |
Amazon.com, Inc.2 | 277,094 | 857,351 | |
Dollar General Corp. | 2,467,686 | 500,003 | |
Home Depot, Inc. | 1,045,000 | 318,986 | |
Booking Holdings Inc.2 | 101,496 | 236,470 | |
Domino’s Pizza, Inc. | 598,000 | 219,938 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 330,000 | 219,909 | |
Toll Brothers, Inc. | 3,280,000 | 186,074 | |
Airbnb, Inc., Class A2,3 | 786,765 | 147,865 | |
Bright Horizons Family Solutions Inc.2 | 681,000 | 116,758 | |
Hermès International1 | 97,299 | 107,738 | |
Royal Caribbean Cruises Ltd. | 1,229,709 | 105,275 | |
Burlington Stores, Inc.2 | 340,061 | 101,610 | |
Floor & Decor Holdings, Inc., Class A2 | 769,300 | 73,453 | |
NIKE, Inc., Class B | 515,999 | 68,571 | |
Chipotle Mexican Grill, Inc.2 | 46,247 | 65,709 | |
Darden Restaurants, Inc. | 433,876 | 61,610 | |
NVR, Inc.2 | 12,830 | 60,441 | |
Aramark | 1,556,034 | 58,787 | |
Flutter Entertainment PLC1,2 | 166,291 | 35,415 |
American Funds Insurance Series — Growth Fund — Page 15 of 240
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Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Wynn Resorts, Ltd. | 276,822 | $34,705 | |
Westwing Group AG, non-registered shares1,2 | 707,000 | 32,659 | |
Norwegian Cruise Line Holdings Ltd.2 | 1,182,996 | 32,639 | |
Hilton Worldwide Holdings Inc.2 | 257,834 | 31,177 | |
Marriott International, Inc., Class A2 | 210,000 | 31,103 | |
Evolution Gaming Group AB1 | 196,122 | 28,888 | |
LGI Homes, Inc.2 | 170,150 | 25,405 | |
adidas AG1,2 | 75,097 | 23,442 | |
Peloton Interactive, Inc., Class A2 | 193,812 | 21,792 | |
Dollar Tree Stores, Inc.2 | 172,468 | 19,741 | |
Cie. Financière Richemont SA, Class A1 | 200,721 | 19,274 | |
Carvana Co., Class A2 | 64,800 | 17,004 | |
YUM! Brands, Inc. | 129,700 | 14,031 | |
Las Vegas Sands Corp. | 201,200 | 12,225 | |
D.R. Horton, Inc. | 131,644 | 11,732 | |
EssilorLuxottica1 | 69,400 | 11,303 | |
Pool Corp. | 26,203 | 9,046 | |
Arrival Group1,2,4 | 449,469 | 6,424 | |
Caesars Entertainment, Inc.2 | 19,600 | 1,714 | |
6,974,700 | |||
Health care 11.92% | |||
UnitedHealth Group Inc. | 2,227,860 | 828,920 | |
Intuitive Surgical, Inc.2 | 774,000 | 571,940 | |
Regeneron Pharmaceuticals, Inc.2 | 941,544 | 445,482 | |
Thermo Fisher Scientific Inc. | 709,434 | 323,772 | |
Centene Corp.2 | 4,265,212 | 272,590 | |
Humana Inc. | 496,800 | 208,283 | |
NovoCure Ltd.2 | 1,304,210 | 172,390 | |
Exact Sciences Corp.2 | 1,296,188 | 170,812 | |
Teladoc Health, Inc.2 | 902,989 | 164,118 | |
Insulet Corp.2 | 603,105 | 157,362 | |
Seagen Inc.2 | 790,810 | 109,812 | |
Vertex Pharmaceuticals Inc.2 | 450,522 | 96,813 | |
Vir Biotechnology, Inc.2 | 1,555,475 | 79,749 | |
Abbott Laboratories | 643,963 | 77,173 | |
Biohaven Pharmaceutical Holding Co. Ltd.2 | 1,068,637 | 73,041 | |
Cigna Corp. | 262,355 | 63,422 | |
Gilead Sciences, Inc. | 899,185 | 58,114 | |
DexCom, Inc.2 | 158,238 | 56,869 | |
Danaher Corp. | 235,935 | 53,104 | |
Edwards Lifesciences Corp.2 | 569,100 | 47,600 | |
CRISPR Therapeutics AG2 | 387,284 | 47,191 | |
Catalent, Inc.2 | 407,012 | 42,862 | |
Verily Life Sciences LLC1,2,5,6 | 300,178 | 41,103 | |
Galapagos NV1,2 | 527,552 | 40,915 | |
Allogene Therapeutics, Inc.2 | 1,146,511 | 40,472 | |
Allakos Inc.2 | 348,374 | 39,986 | |
Eli Lilly and Company | 207,000 | 38,672 | |
Moderna, Inc.2 | 250,000 | 32,738 | |
QIAGEN NV2 | 664,342 | 32,347 | |
Oak Street Health, Inc.2 | 587,504 | 31,884 | |
Guardant Health, Inc.2 | 196,303 | 29,966 | |
Neurocrine Biosciences, Inc.2 | 267,200 | 25,985 | |
AstraZeneca PLC1 | 256,500 | 25,578 |
American Funds Insurance Series — Growth Fund — Page 16 of 240
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Incyte Corp.2 | 288,800 | $23,471 | |
Molina Healthcare, Inc.2 | 96,799 | 22,628 | |
Pacific Biosciences of California, Inc.2 | 619,579 | 20,638 | |
Mettler-Toledo International Inc.2 | 16,900 | 19,531 | |
Pfizer Inc. | 531,614 | 19,260 | |
Zimmer Biomet Holdings, Inc. | 108,400 | 17,353 | |
Chemed Corp. | 37,667 | 17,320 | |
Ultragenyx Pharmaceutical Inc.2 | 67,100 | 7,640 | |
Novavax, Inc.2 | 37,000 | 6,708 | |
Sana Biotechnology, Inc.2 | 179,600 | 6,011 | |
Adaptive Biotechnologies Corp.2 | 141,048 | 5,679 | |
Global Blood Therapeutics, Inc.2 | 125,000 | 5,094 | |
Agios Pharmaceuticals, Inc.2 | 95,882 | 4,951 | |
Cortexyme, Inc.2 | 128,600 | 4,633 | |
GoodRx Holdings, Inc., Class A2,3 | 97,500 | 3,804 | |
TG Therapeutics, Inc.2 | 44,200 | 2,130 | |
4,687,916 | |||
Industrials 9.51% | |||
Delta Air Lines, Inc.2 | 10,425,000 | 503,319 | |
Uber Technologies, Inc.2 | 8,472,965 | 461,861 | |
TransDigm Group Inc.2 | 587,015 | 345,118 | |
Jacobs Engineering Group Inc. | 2,187,129 | 282,730 | |
Carrier Global Corp. | 4,645,161 | 196,119 | |
United Rentals, Inc.2 | 554,000 | 182,438 | |
MTU Aero Engines AG1 | 687,220 | 161,746 | |
Caterpillar Inc. | 652,400 | 151,272 | |
CSX Corp. | 1,246,884 | 120,225 | |
Middleby Corp.2 | 702,000 | 116,357 | |
Dun & Bradstreet Holdings, Inc.2 | 4,574,613 | 108,922 | |
Airbus SE, non-registered shares1,2 | 944,893 | 107,024 | |
Lockheed Martin Corp. | 243,441 | 89,951 | |
ITOCHU Corp.1,3 | 2,539,000 | 82,545 | |
Ryanair Holdings PLC (ADR)2 | 634,951 | 73,020 | |
Ryanair Holdings PLC1,2 | 96,554 | 1,872 | |
Southwest Airlines Co. | 1,100,000 | 67,166 | |
Safran SA1,2 | 489,640 | 66,655 | |
BWX Technologies, Inc. | 937,200 | 61,799 | |
Armstrong World Industries, Inc. | 616,904 | 55,577 | |
Norfolk Southern Corp. | 195,927 | 52,610 | |
Boeing Company2 | 189,485 | 48,266 | |
Equifax Inc. | 247,800 | 44,884 | |
HEICO Corp. | 218,538 | 27,492 | |
HEICO Corp., Class A | 148,813 | 16,905 | |
Komatsu Ltd.1 | 1,429,000 | 44,148 | |
Honeywell International Inc. | 195,532 | 42,444 | |
Emerson Electric Co. | 450,085 | 40,607 | |
Parker-Hannifin Corp. | 113,931 | 35,937 | |
AMETEK, Inc. | 253,600 | 32,392 | |
Northrop Grumman Corp. | 98,700 | 31,943 | |
FedEx Corp. | 99,600 | 28,290 | |
Waste Connections, Inc. | 222,159 | 23,989 | |
Lennox International Inc. | 49,371 | 15,384 |
American Funds Insurance Series — Growth Fund — Page 17 of 240
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
ITT Inc. | 121,400 | $11,036 | |
Generac Holdings Inc.2 | 31,762 | 10,400 | |
3,742,443 | |||
Financials 6.15% | |||
Bank of America Corp. | 14,780,700 | 571,865 | |
First Republic Bank | 1,805,457 | 301,060 | |
Intercontinental Exchange, Inc. | 1,735,900 | 193,865 | |
SVB Financial Group2 | 344,291 | 169,963 | |
Capital One Financial Corp. | 1,331,000 | 169,343 | |
BlackRock, Inc. | 150,000 | 113,094 | |
Berkshire Hathaway Inc., Class B2 | 305,355 | 78,009 | |
Berkshire Hathaway Inc., Class A2 | 44 | 16,971 | |
Western Alliance Bancorporation | 880,822 | 83,185 | |
KKR & Co. Inc. | 1,665,277 | 81,349 | |
S&P Global Inc. | 227,589 | 80,309 | |
Marsh & McLennan Companies, Inc. | 577,751 | 70,370 | |
American International Group, Inc. | 1,116,394 | 51,589 | |
Arch Capital Group Ltd.2 | 1,326,267 | 50,889 | |
MSCI Inc. | 117,900 | 49,433 | |
London Stock Exchange Group PLC1 | 426,339 | 40,803 | |
East West Bancorp, Inc. | 443,509 | 32,731 | |
Moody’s Corp. | 102,277 | 30,541 | |
State Street Corp. | 324,500 | 27,261 | |
The Blackstone Group Inc. | 360,000 | 26,831 | |
Aon PLC, Class A | 110,000 | 25,312 | |
CME Group Inc., Class A | 121,648 | 24,844 | |
Progressive Corp. | 244,600 | 23,386 | |
Brookfield Asset Management Inc., Class A | 479,803 | 21,351 | |
Citigroup Inc. | 260,884 | 18,979 | |
Ares Management Corp., Class A | 310,500 | 17,397 | |
Everest Re Group, Ltd. | 66,500 | 16,480 | |
BNP Paribas SA1,2 | 180,106 | 10,943 | |
RenaissanceRe Holdings Ltd. | 63,000 | 10,096 | |
PNC Financial Services Group, Inc. | 51,565 | 9,045 | |
2,417,294 | |||
Consumer staples 3.32% | |||
Kroger Co. | 8,641,839 | 311,020 | |
Philip Morris International Inc. | 2,865,403 | 254,276 | |
Constellation Brands, Inc., Class A | 736,000 | 167,808 | |
Altria Group, Inc. | 2,873,699 | 147,018 | |
British American Tobacco PLC1 | 2,907,900 | 111,225 | |
British American Tobacco PLC (ADR) | 673,000 | 26,072 | |
Costco Wholesale Corp. | 300,832 | 106,037 | |
Associated British Foods PLC1,2 | 1,515,607 | 50,476 | |
Estée Lauder Companies Inc., Class A | 118,386 | 34,433 | |
Molson Coors Beverage Company, Class B, restricted voting shares | 629,400 | 32,194 | |
Monster Beverage Corp.2 | 261,000 | 23,774 | |
Grocery Outlet Holding Corp.2 | 529,261 | 19,524 | |
Anheuser-Busch InBev SA/NV1 | 201,028 | 12,674 | |
Church & Dwight Co., Inc. | 104,177 | 9,100 | |
1,305,631 |
American Funds Insurance Series — Growth Fund — Page 18 of 240
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Common stocks (continued) Materials 3.21% | Shares | Value (000) | |
Vale SA, ordinary nominative (ADR) | 14,395,358 | $250,191 | |
Wheaton Precious Metals Corp. | 3,674,000 | 140,384 | |
LyondellBasell Industries NV | 1,298,605 | 135,120 | |
Grupo México, SAB de CV, Series B | 25,356,800 | 133,313 | |
Franco-Nevada Corp. | 937,000 | 117,425 | |
CCL Industries Inc., Class B, nonvoting shares | 1,615,000 | 89,341 | |
Barrick Gold Corp. | 4,058,000 | 80,348 | |
Royal Gold, Inc. | 517,000 | 55,640 | |
Celanese Corp. | 350,400 | 52,493 | |
CF Industries Holdings, Inc. | 1,029,000 | 46,696 | |
Allegheny Technologies Inc.2 | 2,070,860 | 43,612 | |
Linde PLC | 90,593 | 25,379 | |
Sherwin-Williams Company | 33,644 | 24,830 | |
PPG Industries, Inc. | 149,623 | 22,482 | |
Danimer Scientific, Inc., Class A2,3 | 558,500 | 21,083 | |
Ball Corp. | 216,002 | 18,304 | |
Nucor Corp. | 95,800 | 7,690 | |
1,264,331 | |||
Energy 2.10% | |||
Halliburton Company | 12,143,661 | 260,603 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 5,420,400 | 167,568 | |
Canadian Natural Resources, Ltd. | 105,100 | 3,244 | |
EOG Resources, Inc. | 1,493,750 | 108,342 | |
Cenovus Energy Inc. | 12,798,618 | 96,140 | |
Suncor Energy Inc. | 2,789,000 | 58,301 | |
ConocoPhillips | 994,305 | 52,668 | |
Pioneer Natural Resources Company | 182,000 | 28,905 | |
Cimarex Energy Co. | 438,200 | 26,025 | |
Equitrans Midstream Corp. | 1,858,695 | 15,167 | |
Schlumberger Ltd. | 363,800 | 9,892 | |
826,855 | |||
Utilities 0.78% | |||
NextEra Energy, Inc. | 1,280,000 | 96,781 | |
PG&E Corp.2 | 7,796,610 | 91,298 | |
Xcel Energy Inc. | 680,000 | 45,227 | |
Edison International | 751,381 | 44,031 | |
Ørsted AS1 | 125,286 | 20,269 | |
AES Corp. | 312,000 | 8,365 | |
305,971 | |||
Real estate 0.62% | |||
Equinix, Inc. REIT | 237,731 | 161,560 | |
Pebblebrook Hotel Trust REIT | 1,660,276 | 40,328 | |
Park Hotels & Resorts Inc. REIT | 1,867,250 | 40,295 | |
242,183 | |||
Total common stocks (cost: $17,737,062,000) | 38,084,178 |
American Funds Insurance Series — Growth Fund — Page 19 of 240
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Preferred securities 0.13% Information technology 0.10% | Shares | Value (000) | |
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 589,060 | $38,111 | |
Stripe, Inc., Series H, 6.00% noncumulative, preferred shares1,2,5,6 | 52,656 | 2,113 | |
40,224 | |||
Health care 0.03% | |||
Grail, Inc., Series D, convertible preferred shares1,2,5,6 | 1,864,884 | 9,865 | |
Total preferred securities (cost: $36,286,000) | 50,089 | ||
Convertible bonds & notes 0.08% Consumer staples 0.08% | Principal amount (000) | ||
JUUL Labs, Inc., convertible notes, 7.00% 2025 (100% PIK)1,5,6,7 | $ 41,146 | 29,979 | |
Total convertible bonds & notes (cost: $40,766,000) | 29,979 | ||
Short-term securities 3.06% Money market investments 2.97% | Shares | ||
Capital Group Central Cash Fund 0.08%8,9 | 11,700,846 | 1,170,201 | |
Money market investments purchased from securities lending collateral 0.09% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%8,10 | 27,032,493 | 27,033 | |
Capital Group Central Cash Fund 0.08%8,9,10 | 65,986 | 6,599 | |
33,632 | |||
Total short-term securities (cost: $1,203,727,000) | 1,203,833 | ||
Total investment securities 100.09% (cost: $19,017,841,000) | 39,368,079 | ||
Other assets less liabilities (0.09)% | (33,891) | ||
Net assets 100.00% | $39,334,188 |
Investments in affiliates9
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 2.99% | |||||||
Money market investments 2.97% | |||||||
Capital Group Central Cash Fund 0.08%8 | $1,623,691 | $1,634,977 | $2,088,466 | $—11 | $—11 | $1,170,201 | $323 |
Money market investments purchased from securities lending collateral 0.02% | |||||||
Capital Group Central Cash Fund 0.08%8,10 | — | —12 | —12 | —12 | —12 | 6,599 | —12 |
Total short-term securities | 1,176,800 | ||||||
Total 2.99% | $—11 | $—11 | $1,176,800 | $323 |
American Funds Insurance Series — Growth Fund — Page 20 of 240
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1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,362,985,000, which represented 6.01% of the net assets of the fund. This amount includes $2,273,501,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $36,252,000, which represented .09% of the net assets of the fund. |
4 | Acquired in a transaction exempt from registration under Rule 144A 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 $6,424,000, which represented .02% of the net assets of the fund. |
5 | Value determined using significant unobservable inputs. |
6 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear below. |
7 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Most recent payment was 100% cash unless otherwise noted. |
8 | Rate represents the seven-day yield at 3/31/2021. |
9 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
10 | Security purchased with cash collateral from securities on loan. |
11 | Amount less than one thousand. |
12 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
Private placement securities | Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets |
Verily Life Sciences LLC | 12/21/2018 | $37,000 | $41,103 | .10% |
JUUL Labs, Inc., convertible notes, 7.00% 2025 | 2/3/2020-2/3/2021 | 40,766 | 29,979 | .08 |
Grail, Inc., Series D, convertible preferred shares | 4/17/2020 | 9,526 | 9,865 | .03 |
Stripe, Inc., Series H, 6.00% noncumulative, preferred shares | 3/15/2021 | 2,113 | 2,113 | .00 |
Total private placement securities | $ 89,405 | $ 83,060 | .21% |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
American Funds Insurance Series — Growth Fund — Page 21 of 240
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Common stocks 94.23% Financials 19.40% | Shares | Value (000) | |
AIA Group Ltd.1 | 29,421,200 | $357,924 | |
Kotak Mahindra Bank Ltd.1,2 | 9,725,149 | 233,841 | |
HDFC Bank Ltd.1,2 | 9,581,300 | 194,989 | |
HDFC Bank Ltd. (ADR)2 | 277,000 | 21,520 | |
ABN AMRO Bank NV1,2 | 14,394,921 | 174,639 | |
Banco Santander, SA1 | 47,478,947 | 161,380 | |
Barclays PLC1 | 46,610,000 | 119,515 | |
Deutsche Bank AG1,2 | 9,880,765 | 118,059 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 7,782,100 | 92,936 | |
Ping An Insurance (Group) Company of China, Ltd., Class A1 | 962,202 | 11,574 | |
Sberbank of Russia PJSC (ADR)1 | 4,253,000 | 65,546 | |
Aegon NV1 | 12,263,736 | 58,169 | |
XP Inc., Class A2 | 1,458,300 | 54,934 | |
BNP Paribas SA1,2 | 847,058 | 51,467 | |
Axis Bank Ltd.1,2 | 3,890,055 | 37,248 | |
B3 SA - Brasil, Bolsa, Balcao | 3,227,300 | 31,317 | |
Bank Rakyat Indonesia (Persero) Tbk PT1,2 | 65,631,000 | 19,917 | |
FinecoBank SpA1,2 | 1,211,135 | 19,873 | |
ING Groep NV1 | 1,486,000 | 18,236 | |
PICC Property and Casualty Co. Ltd., Class H1 | 20,936,000 | 18,196 | |
Bajaj Finance Ltd.1,2 | 244,400 | 17,272 | |
Bajaj Finserv Ltd.1,2 | 125,000 | 16,521 | |
Futu Holdings Ltd. (ADR)2,3 | 98,980 | 15,720 | |
KBC Groep NV1 | 204,919 | 14,880 | |
Lufax Holding Ltd. (ADR)2,3 | 990,700 | 14,385 | |
IndusInd Bank Ltd.1,2 | 941,500 | 12,341 | |
China Merchants Bank Co., Ltd., Class H1 | 1,254,500 | 9,599 | |
London Stock Exchange Group PLC1 | 4,700 | 450 | |
1,962,448 | |||
Health care 13.17% | |||
Daiichi Sankyo Company, Ltd.1 | 10,688,500 | 312,423 | |
WuXi Biologics (Cayman) Inc.1,2 | 12,831,200 | 161,853 | |
Chugai Pharmaceutical Co., Ltd.1 | 3,896,700 | 158,586 | |
Olympus Corp.1 | 5,290,400 | 109,746 | |
Fresenius SE & Co. KGaA1 | 1,959,154 | 87,266 | |
Grifols, SA, Class A, non-registered shares1,3 | 2,691,000 | 70,447 | |
Grifols, SA, Class B (ADR) | 793,690 | 13,723 | |
Hikma Pharmaceuticals PLC1 | 2,214,300 | 69,461 | |
Teva Pharmaceutical Industries Ltd. (ADR)2 | 5,673,498 | 65,472 | |
M3, Inc.1 | 851,300 | 58,518 | |
WuXi AppTec Co., Ltd., Class A1 | 1,972,800 | 42,360 | |
WuXi AppTec Co., Ltd., Class H1,2 | 260,000 | 5,142 | |
Notre Dame Intermédica Participações SA | 2,760,862 | 40,613 | |
Alcon Inc.1,2 | 439,639 | 30,782 | |
Aier Eye Hospital Group Co., Ltd., Class A1 | 2,658,457 | 24,118 |
American Funds Insurance Series — International Fund — Page 22 of 240
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Merck KGaA1 | 129,000 | $22,057 | |
CanSino Biologics Inc., Class H1,2 | 440,000 | 16,708 | |
Ping An Healthcare and Technology Co. Ltd., Class H1,2 | 1,293,000 | 16,306 | |
Yunnan Baiyao Group Co., Ltd., Class A1 | 720,100 | 13,261 | |
HOYA Corp.1 | 100,000 | 11,778 | |
Ambu AS, Class B, non-registered shares1 | 41,464 | 1,948 | |
NMC Health PLC1,2,4 | 449,500 | 6 | |
1,332,574 | |||
Industrials 12.38% | |||
Airbus SE, non-registered shares1,2 | 2,709,349 | 306,876 | |
Recruit Holdings Co., Ltd.1 | 3,369,609 | 165,355 | |
Melrose Industries PLC1,2 | 45,834,933 | 105,494 | |
Ryanair Holdings PLC (ADR)2 | 787,400 | 90,551 | |
Ryanair Holdings PLC1,2 | 348,056 | 6,749 | |
Safran SA1,2 | 701,300 | 95,469 | |
NIBE Industrier AB, Class B1 | 2,979,750 | 92,416 | |
Knorr-Bremse AG, non-registered shares1 | 739,917 | 92,291 | |
International Consolidated Airlines Group SA (CDI)1,2 | 22,925,000 | 62,715 | |
MTU Aero Engines AG1 | 182,000 | 42,836 | |
ASSA ABLOY AB, Class B1 | 1,432,047 | 41,124 | |
International Container Terminal Services, Inc.1 | 12,890,350 | 32,164 | |
ZTO Express (Cayman) Inc., Class A (ADR) | 720,000 | 20,988 | |
Nihon M&A Center Inc.1 | 691,800 | 18,784 | |
Brenntag SE1 | 201,300 | 17,185 | |
Airports of Thailand PCL, foreign registered1 | 7,315,000 | 16,193 | |
Rumo SA2 | 4,301,900 | 15,477 | |
CCR SA, ordinary nominative | 5,580,000 | 12,808 | |
LIXIL Corp.1 | 441,700 | 12,308 | |
Alliance Global Group, Inc.1 | 20,000,000 | 4,392 | |
1,252,175 | |||
Consumer discretionary 12.14% | |||
MercadoLibre, Inc.2 | 188,100 | 276,909 | |
Delivery Hero SE1,2 | 986,587 | 127,861 | |
Sony Group Corp.1 | 1,063,500 | 111,967 | |
Prosus NV1 | 817,300 | 91,121 | |
Alibaba Group Holding Ltd.1,2 | 2,722,578 | 77,044 | |
Galaxy Entertainment Group Ltd.1,2 | 8,305,000 | 75,113 | |
Evolution Gaming Group AB1 | 449,200 | 66,165 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 69,173 | 46,096 | |
Just Eat Takeaway (GBP denominated)1,2 | 467,900 | 43,153 | |
B2W - Cia. Digital, ordinary nominative2 | 3,734,000 | 40,301 | |
Melco Resorts & Entertainment Ltd. (ADR)2 | 1,966,881 | 39,161 | |
Maruti Suzuki India Ltd.1 | 392,000 | 36,851 | |
Naspers Ltd., Class N1 | 147,000 | 35,253 | |
Flutter Entertainment PLC (CDI)1,2 | 158,674 | 33,926 | |
Kering SA1 | 48,438 | 33,445 | |
H & M Hennes & Mauritz AB, Class B1,2 | 1,143,300 | 25,711 | |
EssilorLuxottica1 | 90,000 | 14,658 | |
adidas AG1,2 | 39,418 | 12,305 | |
Fast Retailing Co., Ltd.1 | 12,600 | 10,082 | |
Meituan, Class B1,2 | 256,400 | 9,878 | |
Pan Pacific International Holdings Corp.1 | 354,000 | 8,361 |
American Funds Insurance Series — International Fund — Page 23 of 240
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Astra International Tbk PT1 | 19,726,000 | $7,198 | |
Bandai Namco Holdings Inc.1 | 86,442 | 6,180 | |
1,228,739 | |||
Energy 9.06% | |||
Reliance Industries Ltd.1 | 14,481,435 | 398,036 | |
Reliance Industries Ltd., interim shares1 | 196,599 | 2,942 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 5,318,400 | 164,415 | |
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR) | 11,598,192 | 98,353 | |
Neste Oyj1 | 1,576,125 | 83,599 | |
Cenovus Energy Inc. | 8,056,100 | 60,515 | |
Royal Dutch Shell PLC, Class B1 | 2,350,503 | 43,233 | |
Royal Dutch Shell PLC, Class A (GBP denominated)1 | 620,800 | 12,085 | |
Total SE1,3 | 1,147,298 | 53,434 | |
916,612 | |||
Information technology 8.93% | |||
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 5,472,000 | 113,782 | |
ASML Holding NV1 | 166,945 | 101,826 | |
StoneCo Ltd., Class A2 | 1,340,200 | 82,047 | |
PagSeguro Digital Ltd., Class A2 | 1,671,400 | 77,386 | |
Nomura Research Institute, Ltd.1 | 2,382,400 | 74,052 | |
Delta Electronics, Inc.1 | 6,220,409 | 63,376 | |
Nice Ltd. (ADR) | 263,000 | 57,326 | |
Atlassian Corp. PLC, Class A2 | 267,500 | 56,378 | |
Samsung Electronics Co., Ltd.1 | 631,500 | 45,614 | |
Keyence Corp.1 | 77,200 | 35,238 | |
NXP Semiconductors NV | 173,200 | 34,872 | |
Infineon Technologies AG1 | 728,000 | 30,875 | |
Avast PLC1 | 4,289,000 | 26,967 | |
Oneconnect Financial Technology Co., Ltd. (ADR)2 | 1,716,000 | 25,362 | |
Hexagon AB, Class B1 | 208,900 | 19,265 | |
OBIC Co., Ltd.1 | 91,200 | 16,780 | |
Silergy Corp.1 | 176,000 | 14,425 | |
Afterpay Ltd.1,2 | 120,994 | 9,485 | |
Xero Ltd.1,2 | 95,031 | 9,221 | |
GDS Holdings Ltd., Class A1,2 | 800,000 | 8,132 | |
ASM International NV1,2 | 4,453 | 1,303 | |
903,712 | |||
Communication services 7.08% | |||
SoftBank Group Corp.1 | 1,601,100 | 135,752 | |
Bilibili Inc., Class Z (ADR)2 | 810,306 | 86,751 | |
Bilibili Inc., Class Z1,2 | 208,200 | 22,175 | |
Square Enix Holdings Co., Ltd.1 | 1,385,200 | 77,078 | |
Sea Ltd., Class A (ADR)2 | 325,100 | 72,572 | |
Z Holdings Corp.1 | 14,427,000 | 72,033 | |
Tencent Holdings Ltd.1 | 807,809 | 63,685 | |
SoftBank Corp.1 | 4,438,300 | 57,761 | |
Bharti Airtel Ltd.1 | 6,769,515 | 47,963 | |
Kuaishou Technology, Class B1,2,4,5 | 1,378,100 | 38,290 | |
Kuaishou Technology, Class B1,2 | 130,900 | 4,546 | |
Playtika Holding Corp.2 | 687,500 | 18,707 | |
Scout24 AG1,3 | 154,000 | 11,685 |
American Funds Insurance Series — International Fund — Page 24 of 240
unaudited
Common stocks (continued) Communication services (continued) | Shares | Value (000) | |
América Móvil, SAB de CV, Series L (ADR) | 409,657 | $5,563 | |
América Móvil, SAB de CV, Series L | 2,139,900 | 1,462 | |
716,023 | |||
Materials 6.42% | |||
Vale SA, ordinary nominative (ADR) | 20,302,542 | 352,858 | |
Vale SA, ordinary nominative | 770,681 | 13,414 | |
First Quantum Minerals Ltd. | 6,022,500 | 114,776 | |
Linde PLC (EUR denominated)1 | 207,300 | 58,059 | |
Shin-Etsu Chemical Co., Ltd.1 | 184,400 | 31,157 | |
BHP Group PLC1 | 976,400 | 28,190 | |
BASF SE1 | 332,700 | 27,633 | |
Akzo Nobel NV1 | 118,578 | 13,252 | |
Koninklijke DSM NV1 | 61,300 | 10,373 | |
649,712 | |||
Utilities 2.89% | |||
ENN Energy Holdings Ltd.1 | 13,250,000 | 212,850 | |
China Gas Holdings Ltd.1 | 19,477,800 | 79,792 | |
292,642 | |||
Consumer staples 2.37% | |||
Kweichow Moutai Co., Ltd., Class A1 | 160,340 | 49,283 | |
Treasury Wine Estates Ltd.1 | 4,942,835 | 38,946 | |
Danone SA1 | 434,000 | 29,779 | |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A1 | 4,371,603 | 26,762 | |
Heineken NV1 | 195,613 | 20,102 | |
Pernod Ricard SA1 | 97,977 | 18,392 | |
CP All PCL, foreign registered1 | 6,350,700 | 14,089 | |
Shiseido Company, Ltd.1 | 152,000 | 10,239 | |
Chocoladefabriken Lindt & Sprüngli AG1 | 107 | 9,793 | |
JBS SA, ordinary nominative | 1,811,000 | 9,742 | |
Dabur India Ltd.1 | 980,000 | 7,250 | |
Kirin Holdings Company, Ltd.1 | 280,900 | 5,386 | |
239,763 | |||
Real estate 0.39% | |||
Ayala Land, Inc.1 | 53,860,300 | 38,115 | |
CK Asset Holdings Ltd.1 | 177,000 | 1,076 | |
39,191 | |||
Total common stocks (cost: $6,630,730,000) | 9,533,591 | ||
Preferred securities 1.62% Energy 0.84% | |||
Petróleo Brasileiro SA (Petrobras), preferred nominative (ADR) | 6,336,898 | 54,117 | |
Petróleo Brasileiro SA (Petrobras), preferred nominative | 7,331,500 | 31,391 | |
85,508 | |||
Health care 0.52% | |||
Grifols, SA, Class B, nonvoting preferred, non-registered shares1 | 3,026,230 | 52,181 |
American Funds Insurance Series — International Fund — Page 25 of 240
unaudited
Preferred securities (continued) Consumer discretionary 0.26% | Shares | Value (000) | |
Volkswagen AG, nonvoting preferred shares1 | 94,500 | $26,409 | |
Total preferred securities (cost: $163,353,000) | 164,098 | ||
Rights & warrants 0.27% Health care 0.27% | |||
WuXi AppTec Co., Ltd., Class A, warrants, expire 20211,2,5 | 896,000 | 19,239 | |
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20211,2,5 | 897,354 | 8,141 | |
Total rights & warrants (cost: $14,772,000) | 27,380 | ||
Short-term securities 4.42% Money market investments 3.59% | |||
Capital Group Central Cash Fund 0.08%6,7 | 3,627,288 | 362,765 | |
Money market investments purchased from securities lending collateral 0.83% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%6,8 | 67,937,425 | 67,938 | |
Capital Group Central Cash Fund 0.08%6,7,8 | 161,441 | 16,585 | |
84,523 | |||
Total short-term securities (cost: $447,233,000) | 447,288 | ||
Total investment securities 100.54% (cost: $7,256,088,000) | 10,172,357 | ||
Other assets less liabilities (0.54)% | (54,930) | ||
Net assets 100.00% | $10,117,427 |
Investments in affiliates7
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 3.75% | |||||||
Money market investments 3.59% | |||||||
Capital Group Central Cash Fund 0.08%6 | $523,844 | $1,201,497 | $1,362,576 | $9 | $(9) | $362,765 | $133 |
Money market investments purchased from securities lending collateral 0.16% | |||||||
Capital Group Central Cash Fund 0.08%6,8 | — | —9 | —9 | —9 | —9 | 16,585 | —9 |
Total short-term securities | 379,350 | ||||||
Total 3.75% | $9 | $(9) | $379,350 | $133 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $7,553,183,000, which represented 74.66% of the net assets of the fund. This amount includes $7,487,507,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $86,374,000, which represented .85% of the net assets of the fund. |
4 | Value determined using significant unobservable inputs. |
5 | Acquired in a transaction exempt from registration under Rule 144A 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 $65,670,000, which represented .65% of the net assets of the fund. |
6 | Rate represents the seven-day yield at 3/31/2021. |
7 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
8 | Security purchased with cash collateral from securities on loan. |
9 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
American Funds Insurance Series — International Fund — Page 26 of 240
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Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
EUR = Euros |
GBP = British pounds |
American Funds Insurance Series — International Fund — Page 27 of 240
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Common stocks 87.92% Information technology 19.00% | Shares | Value (000) | |
Microsoft Corp. | 417,214 | $98,367 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 3,929,000 | 81,697 | |
PayPal Holdings, Inc.2 | 270,139 | 65,601 | |
PagSeguro Digital Ltd., Class A2 | 1,100,667 | 50,961 | |
Mastercard Inc., Class A | 126,839 | 45,161 | |
Broadcom Inc. | 81,044 | 37,577 | |
Adobe Inc.2 | 78,111 | 37,132 | |
ASML Holding NV1 | 57,473 | 35,055 | |
Cree, Inc.2 | 279,810 | 30,256 | |
Keyence Corp.1 | 64,800 | 29,578 | |
StoneCo Ltd., Class A2 | 470,934 | 28,831 | |
EPAM Systems, Inc.2 | 54,519 | 21,627 | |
Silergy Corp.1 | 239,000 | 19,589 | |
Samsung Electronics Co., Ltd.1 | 223,319 | 16,131 | |
Micron Technology, Inc.2 | 174,530 | 15,395 | |
Network International Holdings PLC1,2 | 2,350,007 | 13,401 | |
Accenture PLC, Class A | 43,052 | 11,893 | |
Apple Inc. | 85,942 | 10,498 | |
Visa Inc., Class A | 44,280 | 9,375 | |
MediaTek Inc.1 | 250,000 | 8,592 | |
Hexagon AB, Class B1 | 88,005 | 8,116 | |
Kingdee International Software Group Co. Ltd.1 | 2,395,000 | 7,544 | |
Trimble Inc.2 | 95,682 | 7,443 | |
Oneconnect Financial Technology Co., Ltd. (ADR)2 | 470,455 | 6,953 | |
Cognizant Technology Solutions Corp., Class A | 88,049 | 6,878 | |
TELUS International (Cda) Inc., subordinate voting shares2 | 234,905 | 6,573 | |
Tokyo Electron Ltd.1 | 15,200 | 6,508 | |
GDS Holdings Ltd., Class A1,2 | 603,600 | 6,135 | |
Edenred SA1 | 109,718 | 5,732 | |
Inphi Corp.2 | 30,581 | 5,456 | |
FleetCor Technologies, Inc.2 | 20,007 | 5,374 | |
NXP Semiconductors NV | 25,406 | 5,115 | |
NetEase, Inc.1 | 244,500 | 5,053 | |
Advanced Micro Devices, Inc.2 | 63,435 | 4,980 | |
Atlassian Corp. PLC, Class A2 | 19,624 | 4,136 | |
Halma PLC1 | 115,640 | 3,785 | |
Logitech International SA1 | 35,990 | 3,772 | |
Globant SA2 | 16,992 | 3,528 | |
Autodesk, Inc.2 | 11,824 | 3,277 | |
ON Semiconductor Corp.2 | 78,693 | 3,274 | |
Nokia Corp.1 | 781,179 | 3,123 | |
Yeahka Ltd.1,2 | 398,400 | 2,797 | |
Chindata Group Holdings Ltd., Class A (ADR)2 | 164,996 | 2,729 | |
Aspen Technology, Inc.2 | 18,225 | 2,630 | |
Intel Corp. | 30,635 | 1,961 | |
Nice Ltd. (ADR) | 8,703 | 1,897 |
American Funds Insurance Series — New World Fund — Page 28 of 240
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Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
KLA Corp. | 5,366 | $1,773 | |
VeriSign, Inc.2 | 8,898 | 1,769 | |
Hamamatsu Photonics KK1 | 29,000 | 1,719 | |
CMC Materials, Inc. | 8,338 | 1,474 | |
TravelSky Technology Ltd., Class H1 | 606,000 | 1,423 | |
SAP SE1 | 11,122 | 1,362 | |
Infineon Technologies AG1 | 28,823 | 1,222 | |
Elastic NV, non-registered shares2 | 10,295 | 1,145 | |
Amadeus IT Group SA, Class A, non-registered shares1,2 | 14,929 | 1,057 | |
Amphenol Corp., Class A | 14,962 | 987 | |
Vontier Corp.2 | 31,087 | 941 | |
Coforge Ltd.1 | 18,082 | 726 | |
807,084 | |||
Consumer discretionary 12.74% | |||
MercadoLibre, Inc.2 | 52,959 | 77,963 | |
General Motors Company | 672,461 | 38,640 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 57,081 | 38,038 | |
Alibaba Group Holding Ltd.1,2 | 904,804 | 25,604 | |
Galaxy Entertainment Group Ltd.1,2 | 2,781,000 | 25,152 | |
Evolution Gaming Group AB1 | 145,450 | 21,424 | |
Hermès International1 | 17,949 | 19,875 | |
XPeng Inc., Class A (ADR)2 | 490,598 | 17,912 | |
Meituan, Class B1,2 | 456,000 | 17,567 | |
EssilorLuxottica1 | 100,290 | 16,334 | |
Kering SA1 | 23,015 | 15,891 | |
Naspers Ltd., Class N1 | 63,038 | 15,117 | |
Pop Mart International Group Ltd.1,2 | 1,438,321 | 11,051 | |
JD Health International Inc.1,2 | 685,200 | 9,903 | |
adidas AG1,2 | 31,690 | 9,892 | |
Booking Holdings Inc.2 | 4,189 | 9,760 | |
Marriott International, Inc., Class A2 | 64,952 | 9,620 | |
NIKE, Inc., Class B | 62,604 | 8,319 | |
Delivery Hero SE1,2 | 61,556 | 7,978 | |
Melco Resorts & Entertainment Ltd. (ADR)2 | 395,413 | 7,873 | |
YUM! Brands, Inc. | 72,726 | 7,868 | |
Li Ning Co. Ltd.1 | 1,182,001 | 7,722 | |
IDP Education Ltd.1 | 394,507 | 7,188 | |
Zhongsheng Group Holdings Ltd.1 | 1,014,500 | 7,152 | |
Gree Electric Appliances, Inc. of Zhuhai, Class A1 | 706,646 | 6,762 | |
Jumbo SA1 | 362,261 | 6,643 | |
Cie. Financière Richemont SA, Class A1 | 68,124 | 6,542 | |
Trip.com Group Ltd. (ADR)2 | 164,564 | 6,522 | |
Wyndham Hotels & Resorts, Inc. | 93,431 | 6,520 | |
Huazhu Group Ltd. (ADR)2 | 113,475 | 6,230 | |
Industria de Diseño Textil, SA1 | 157,413 | 5,189 | |
Wynn Macau, Ltd.1 | 2,597,600 | 5,063 | |
Astra International Tbk PT1 | 13,676,400 | 4,991 | |
JD.com, Inc., Class A1,2 | 117,100 | 4,930 | |
Domino’s Pizza, Inc. | 12,721 | 4,679 | |
Suzuki Motor Corp.1 | 84,000 | 3,825 | |
Midea Group Co., Ltd., Class A1 | 293,335 | 3,682 | |
Samsonite International SA1,2 | 1,862,100 | 3,606 | |
China MeiDong Auto Holdings Ltd.1 | 772,000 | 3,582 | |
Aptiv PLC2 | 24,195 | 3,336 |
American Funds Insurance Series — New World Fund — Page 29 of 240
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Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Flutter Entertainment PLC (CDI)1,2 | 12,491 | $2,671 | |
Maruti Suzuki India Ltd.1 | 27,343 | 2,570 | |
SAIC Motor Corp. Ltd., Class A1 | 788,700 | 2,370 | |
Shangri-La Asia Ltd.1,2 | 2,212,000 | 2,215 | |
Inchcape PLC1 | 206,481 | 2,140 | |
Fast Retailing Co., Ltd.1 | 2,600 | 2,080 | |
Airbnb, Inc., Class A2 | 10,033 | 1,886 | |
InterContinental Hotels Group PLC1,2 | 24,034 | 1,653 | |
Lojas Americanas SA, ordinary nominative | 388,087 | 1,434 | |
Vivo Energy PLC1 | 919,486 | 1,230 | |
Stellantis NV1 | 67,946 | 1,201 | |
Levi Strauss & Co., Class A | 45,515 | 1,088 | |
Entain PLC1,2 | 49,143 | 1,029 | |
Wynn Resorts, Ltd. | 7,397 | 927 | |
Cyrela Brazil Realty SA, ordinary nominative | 76,266 | 334 | |
Dada Nexus Ltd. (ADR)2 | 4,100 | 111 | |
540,884 | |||
Financials 11.96% | |||
Kotak Mahindra Bank Ltd.1,2 | 2,894,693 | 69,603 | |
HDFC Bank Ltd.1,2 | 2,843,478 | 57,868 | |
HDFC Bank Ltd. (ADR)2 | 74,181 | 5,763 | |
AIA Group Ltd.1 | 4,599,200 | 55,952 | |
Société Générale1,2 | 1,181,528 | 30,873 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 2,016,800 | 24,086 | |
Ping An Insurance (Group) Company of China, Ltd., Class A1 | 36,100 | 434 | |
Sberbank of Russia PJSC (ADR)1 | 1,275,408 | 19,656 | |
Sberbank of Russia PJSC (ADR) | 217,010 | 3,344 | |
B3 SA - Brasil, Bolsa, Balcao | 2,065,483 | 20,043 | |
UniCredit SpA1,2 | 1,692,399 | 17,972 | |
Bajaj Finance Ltd.1,2 | 252,435 | 17,840 | |
Capitec Bank Holdings Ltd.1,2 | 167,340 | 16,100 | |
ICICI Bank Ltd. (ADR)2 | 802,259 | 12,860 | |
ICICI Bank Ltd.1,2 | 358,546 | 2,865 | |
XP Inc., Class A2 | 352,666 | 13,285 | |
Banco Santander, SA1 | 3,856,564 | 13,108 | |
Bajaj Finserv Ltd.1,2 | 78,972 | 10,437 | |
HDFC Life Insurance Company Ltd.1,2 | 1,061,022 | 10,126 | |
Banco Bilbao Vizcaya Argentaria, SA1 | 1,775,625 | 9,249 | |
S&P Global Inc. | 25,138 | 8,870 | |
Hong Kong Exchanges and Clearing Ltd.1 | 146,300 | 8,652 | |
China Merchants Bank Co., Ltd., Class H1 | 1,128,000 | 8,631 | |
TCS Group Holding PLC (GDR)1,3 | 145,986 | 8,487 | |
Fairfax Financial Holdings Ltd., subordinate voting shares | 15,121 | 6,600 | |
Moody’s Corp. | 22,103 | 6,600 | |
Lufax Holding Ltd. (ADR)2,4 | 406,055 | 5,896 | |
Discovery Ltd.1,2 | 543,141 | 4,879 | |
AU Small Finance Bank Ltd.1,2 | 249,082 | 4,194 | |
Bank Rakyat Indonesia (Persero) Tbk PT1,2 | 13,114,300 | 3,980 | |
Eurobank Ergasias Services and Holdings SA1,2 | 4,647,154 | 3,940 | |
DBS Group Holdings Ltd.1 | 181,500 | 3,915 | |
Bank Mandiri (Persero) Tbk PT1 | 8,645,800 | 3,668 | |
UBS Group AG1 | 218,535 | 3,384 | |
Alpha Bank SA1,2 | 2,425,814 | 2,598 | |
Chubb Ltd. | 14,630 | 2,311 |
American Funds Insurance Series — New World Fund — Page 30 of 240
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Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Moscow Exchange MICEX-RTS PJSC1 | 966,126 | $2,220 | |
Axis Bank Ltd.1,2 | 209,315 | 2,004 | |
Futu Holdings Ltd. (ADR)2,4 | 9,869 | 1,567 | |
Bank of the Philippine Islands1 | 839,100 | 1,410 | |
Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México, Class B2 | 1,278,484 | 1,409 | |
Linklogis Inc., Class B1,2 | 552,000 | 1,248 | |
507,927 | |||
Health care 11.56% | |||
Zai Lab Ltd. (ADR)2 | 345,806 | 46,141 | |
Thermo Fisher Scientific Inc. | 81,701 | 37,287 | |
Carl Zeiss Meditec AG, non-registered shares1 | 197,862 | 29,823 | |
WuXi AppTec Co., Ltd., Class A1 | 841,416 | 18,067 | |
WuXi AppTec Co., Ltd., Class H1,2 | 437,900 | 8,661 | |
Abbott Laboratories | 207,963 | 24,922 | |
WuXi Biologics (Cayman) Inc.1,2 | 1,970,100 | 24,851 | |
CanSino Biologics Inc., Class H1,2 | 607,118 | 23,053 | |
Notre Dame Intermédica Participações SA | 1,411,230 | 20,760 | |
BeiGene, Ltd. (ADR)2 | 48,958 | 17,041 | |
BeiGene, Ltd.1,2 | 54,000 | 1,429 | |
AstraZeneca PLC1 | 145,276 | 14,487 | |
PerkinElmer, Inc. | 105,906 | 13,587 | |
Pharmaron Beijing Co., Ltd., Class H1 | 388,100 | 7,383 | |
Pharmaron Beijing Co., Ltd., Class A1 | 258,000 | 5,921 | |
BioMarin Pharmaceutical Inc.2 | 171,789 | 12,972 | |
CSL Ltd.1 | 56,534 | 11,392 | |
bioMérieux SA1 | 88,917 | 11,335 | |
Jiangsu Hengrui Medicine Co., Ltd., Class A1 | 798,598 | 11,247 | |
Yunnan Baiyao Group Co., Ltd., Class A1 | 597,200 | 10,998 | |
Koninklijke Philips NV (EUR denominated)1,2 | 180,565 | 10,309 | |
Olympus Corp.1 | 440,800 | 9,144 | |
Shionogi & Co., Ltd.1 | 159,700 | 8,614 | |
Asahi Intecc Co., Ltd.1 | 297,700 | 8,221 | |
Danaher Corp. | 33,030 | 7,434 | |
Medtronic PLC | 54,677 | 6,459 | |
Novo Nordisk A/S, Class B1 | 94,308 | 6,369 | |
Teva Pharmaceutical Industries Ltd. (ADR)2 | 550,859 | 6,357 | |
Hypera SA, ordinary nominative | 1,104,804 | 6,287 | |
Straumann Holding AG1 | 4,929 | 6,146 | |
Pfizer Inc. | 141,245 | 5,117 | |
Ping An Healthcare and Technology Co. Ltd., Class H1,2 | 394,300 | 4,972 | |
Zoetis Inc., Class A | 30,021 | 4,728 | |
Hikma Pharmaceuticals PLC1 | 147,707 | 4,633 | |
Grifols, SA, Class A, non-registered shares1 | 171,687 | 4,495 | |
Hugel, Inc.1,2 | 28,020 | 4,430 | |
Aier Eye Hospital Group Co., Ltd., Class A1 | 483,627 | 4,387 | |
Guangzhou Kingmed Diagnostics Group Co., Ltd., Class A1 | 204,733 | 3,990 | |
Baxter International Inc. | 44,255 | 3,732 | |
Alcon Inc.1,2 | 53,080 | 3,716 | |
Eli Lilly and Company | 18,928 | 3,536 | |
Laurus Labs Ltd.1 | 681,020 | 3,379 | |
HOYA Corp.1 | 26,200 | 3,086 | |
Hangzhou Tigermed Consulting Co., Ltd., Class A1 | 128,071 | 2,942 | |
Alibaba Health Information Technology Ltd.1,2 | 846,600 | 2,410 |
American Funds Insurance Series — New World Fund — Page 31 of 240
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Mettler-Toledo International Inc.2 | 1,569 | $1,813 | |
OdontoPrev SA, ordinary nominative | 623,466 | 1,457 | |
Novartis AG1 | 9,955 | 850 | |
Shandong Pharmaceutical Glass Co., Ltd., Class A1 | 66,700 | 405 | |
NMC Health PLC1,2,5 | 49,400 | 1 | |
490,776 | |||
Communication services 9.05% | |||
Tencent Holdings Ltd.1 | 953,500 | 75,171 | |
Sea Ltd., Class A (ADR)2 | 254,840 | 56,888 | |
Alphabet Inc., Class C2 | 21,658 | 44,802 | |
Alphabet Inc., Class A2 | 3,750 | 7,735 | |
Facebook, Inc., Class A2 | 163,170 | 48,059 | |
Netflix, Inc.2 | 46,941 | 24,487 | |
Bilibili Inc., Class Z (ADR)2 | 146,615 | 15,697 | |
Bilibili Inc., Class Z1,2 | 70,620 | 7,521 | |
Yandex NV, Class A2 | 284,767 | 18,242 | |
Kuaishou Technology, Class B1,2,3,5 | 370,500 | 10,294 | |
Kuaishou Technology, Class B1,2 | 122,000 | 4,237 | |
América Móvil, SAB de CV, Series L (ADR) | 909,771 | 12,355 | |
Activision Blizzard, Inc. | 108,846 | 10,123 | |
Vodafone Group PLC1 | 4,306,905 | 7,838 | |
Indus Towers Ltd.1 | 1,811,627 | 6,095 | |
Bharti Airtel Ltd.1 | 852,975 | 6,043 | |
MTN Group Ltd.1 | 989,722 | 5,818 | |
NetEase, Inc. (ADR) | 50,104 | 5,174 | |
Electronic Arts Inc. | 35,793 | 4,845 | |
JOYY Inc., Class A (ADR) | 50,334 | 4,718 | |
SoftBank Group Corp.1 | 35,300 | 2,993 | |
Informa PLC1 | 195,177 | 1,507 | |
HUYA, Inc. (ADR)2,4 | 73,696 | 1,436 | |
JCDecaux SA1,2 | 48,473 | 1,222 | |
Telkom Indonesia (Persero) Tbk PT, Class B1 | 4,360,300 | 1,030 | |
384,330 | |||
Materials 6.25% | |||
Vale SA, ordinary nominative (ADR) | 2,430,129 | 42,236 | |
Vale SA, ordinary nominative | 2,257,634 | 39,295 | |
First Quantum Minerals Ltd. | 1,231,849 | 23,476 | |
Sika AG1 | 64,203 | 18,339 | |
Asian Paints Ltd.1 | 481,588 | 16,742 | |
Freeport-McMoRan Inc. | 404,114 | 13,308 | |
Shree Cement Ltd.1 | 22,714 | 9,171 | |
Shin-Etsu Chemical Co., Ltd.1 | 52,400 | 8,854 | |
Rio Tinto PLC1 | 102,367 | 7,831 | |
Koninklijke DSM NV1 | 37,651 | 6,371 | |
AngloGold Ashanti Ltd. (ADR) | 200,712 | 4,410 | |
AngloGold Ashanti Ltd.1 | 70,895 | 1,550 | |
Linde PLC | 21,087 | 5,907 | |
Givaudan SA1 | 1,509 | 5,815 | |
BHP Group PLC1 | 196,384 | 5,670 | |
LANXESS AG1 | 73,577 | 5,423 | |
CCL Industries Inc., Class B, nonvoting shares | 90,463 | 5,004 | |
Gerdau SA (ADR) | 929,773 | 4,965 | |
CEMEX, SAB de CV, ordinary participation certificates, units (ADR)2 | 706,208 | 4,922 |
American Funds Insurance Series — New World Fund — Page 32 of 240
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Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A1 | 524,793 | $4,106 | |
Barrick Gold Corp. | 206,863 | 4,096 | |
Loma Negra Compania Industrial Argentina SA (ADR) | 581,211 | 3,679 | |
Alrosa PJSC1 | 2,568,173 | 3,591 | |
Arkema SA1 | 23,792 | 2,883 | |
Huntsman Corp. | 97,795 | 2,820 | |
SIG Combibloc Group AG1 | 115,636 | 2,675 | |
Chr. Hansen Holding A/S1,2 | 26,439 | 2,402 | |
Celanese Corp. | 13,929 | 2,087 | |
Amcor PLC (CDI)1 | 162,847 | 1,908 | |
Turquoise Hill Resources Ltd.2 | 102,030 | 1,642 | |
Umicore SA1 | 29,864 | 1,585 | |
BASF SE1 | 16,976 | 1,410 | |
Asahi Kasei Corp.1 | 120,900 | 1,392 | |
265,565 | |||
Industrials 5.64% | |||
Airbus SE, non-registered shares1,2 | 236,285 | 26,763 | |
Safran SA1,2 | 156,764 | 21,340 | |
CCR SA, ordinary nominative | 7,594,620 | 17,433 | |
Wizz Air Holdings PLC1,2 | 236,301 | 15,713 | |
IMCD NV1 | 96,171 | 13,366 | |
DSV Panalpina A/S1 | 67,180 | 13,174 | |
Nidec Corp.1 | 95,700 | 11,690 | |
Copa Holdings, SA, Class A | 130,128 | 10,513 | |
International Container Terminal Services, Inc.1 | 4,073,460 | 10,164 | |
InPost SA1,2 | 613,724 | 10,051 | |
Ryanair Holdings PLC (ADR)2 | 77,962 | 8,966 | |
Rumo SA2 | 2,439,329 | 8,776 | |
SMC Corp.1 | 12,100 | 7,060 | |
TransDigm Group Inc.2 | 11,120 | 6,538 | |
Fortive Corp. | 72,426 | 5,116 | |
Airports of Thailand PCL, foreign registered1 | 2,289,300 | 5,068 | |
Boeing Company2 | 19,244 | 4,902 | |
Han’s Laser Technology Industry Group Co., Ltd., Class A1 | 750,925 | 4,868 | |
Centre Testing International Group Co., Ltd.1 | 1,069,696 | 4,659 | |
Spirax-Sarco Engineering PLC1 | 27,717 | 4,357 | |
ZTO Express (Cayman) Inc., Class A (ADR) | 148,155 | 4,319 | |
Epiroc AB, Class B1 | 173,396 | 3,613 | |
Daikin Industries, Ltd.1 | 17,000 | 3,442 | |
Komatsu Ltd.1 | 86,700 | 2,679 | |
ABB Ltd.1 | 79,505 | 2,418 | |
Air Lease Corp., Class A | 43,452 | 2,129 | |
Atlas Copco AB, Class B1 | 37,156 | 1,933 | |
Havells India Ltd.1 | 116,587 | 1,680 | |
Shanghai International Airport Co., Ltd., Class A1 | 185,576 | 1,641 | |
Experian PLC1 | 38,595 | 1,329 | |
Hefei Meyer Optoelectronic Technology Inc., Class A1 | 170,103 | 1,098 | |
Carrier Global Corp. | 23,873 | 1,008 | |
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A1 | 308,200 | 972 | |
Guangzhou Baiyun International Airport Co. Ltd., Class A1 | 422,600 | 862 | |
239,640 |
American Funds Insurance Series — New World Fund — Page 33 of 240
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Common stocks (continued) Consumer staples 4.80% | Shares | Value (000) | |
Kweichow Moutai Co., Ltd., Class A1 | 233,007 | $71,618 | |
Foshan Haitian Flavouring and Food Co. Ltd., Class A1 | 567,161 | 13,860 | |
Nestlé SA1 | 116,046 | 12,934 | |
Anheuser-Busch InBev SA/NV1 | 171,667 | 10,823 | |
Pernod Ricard SA1 | 46,838 | 8,792 | |
Carlsberg A/S, Class B1 | 53,561 | 8,238 | |
Raia Drogasil SA, ordinary nominative | 1,524,007 | 6,785 | |
ITC Ltd.1 | 1,887,463 | 5,647 | |
Reckitt Benckiser Group PLC1 | 62,815 | 5,628 | |
Avenue Supermarts Ltd.1,2 | 137,253 | 5,375 | |
Wal-Mart de México, SAB de CV, Series V4 | 1,632,389 | 5,149 | |
Constellation Brands, Inc., Class A | 19,521 | 4,451 | |
Unilever PLC (EUR denominated)1 | 73,017 | 4,074 | |
Heineken NV1 | 38,853 | 3,993 | |
United Spirits Ltd.1,2 | 523,622 | 3,990 | |
Nongfu Spring Co., Ltd., Class H1,2 | 678,605 | 3,401 | |
Shiseido Company, Ltd.1 | 49,400 | 3,328 | |
Kimberly-Clark de México, SAB de CV, Class A | 1,587,474 | 2,713 | |
L’Oréal SA, non-registered shares1 | 6,210 | 2,380 | |
Mondelez International, Inc. | 39,067 | 2,287 | |
Philip Morris International Inc. | 23,692 | 2,102 | |
Jonjee Hi-Tech Industrial and Commercial Holding Co., Ltd., Class A1 | 266,585 | 1,973 | |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A1 | 318,900 | 1,952 | |
Fomento Económico Mexicano, SAB de CV | 252,300 | 1,902 | |
Herbalife Nutrition Ltd.2 | 41,972 | 1,862 | |
Uni-Charm Corp.1 | 44,300 | 1,857 | |
British American Tobacco PLC1 | 48,365 | 1,850 | |
Kirin Holdings Company, Ltd.1 | 86,800 | 1,664 | |
Danone SA1 | 23,776 | 1,631 | |
Chengdu Hongqi Chain Co., Ltd.1 | 1,109,901 | 1,012 | |
Diageo PLC1 | 11,617 | 478 | |
203,749 | |||
Energy 3.11% | |||
Reliance Industries Ltd.1 | 2,749,651 | 75,577 | |
Reliance Industries Ltd., interim shares1 | 151,056 | 2,260 | |
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR) | 2,522,840 | 21,394 | |
Rosneft Oil Company PJSC (GDR)1 | 1,242,301 | 9,385 | |
Gazprom PJSC (ADR)1 | 766,279 | 4,572 | |
Schlumberger Ltd. | 163,590 | 4,448 | |
New Fortress Energy Inc., Class A | 93,888 | 4,310 | |
Chevron Corp. | 38,727 | 4,058 | |
Royal Dutch Shell PLC, Class B1 | 178,425 | 3,282 | |
Total SE1 | 60,026 | 2,796 | |
132,082 | |||
Real estate 2.15% | |||
Shimao Services Holdings Ltd.1,2 | 5,953,187 | 13,170 | |
American Tower Corp. REIT | 47,621 | 11,384 | |
ESR Cayman Ltd.1,2 | 2,932,200 | 9,639 | |
Longfor Group Holdings Ltd.1 | 1,395,000 | 9,289 | |
China Resources Land Ltd.1 | 1,444,000 | 6,995 | |
BR Malls Participacoes SA, ordinary nominative2 | 3,439,165 | 6,183 | |
CIFI Holdings (Group) Co. Ltd.1 | 5,845,674 | 5,688 | |
CK Asset Holdings Ltd.1 | 911,000 | 5,538 |
American Funds Insurance Series — New World Fund — Page 34 of 240
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Common stocks (continued) Real estate (continued) | Shares | Value (000) | |
Ayala Land, Inc.1 | 6,277,800 | $4,443 | |
KE Holdings Inc., Class A (ADR)2 | 72,207 | 4,114 | |
Shimao Group Holdings Ltd.1 | 1,228,500 | 3,868 | |
Embassy Office Parks REIT1 | 857,600 | 3,823 | |
CTP NV1,2 | 207,680 | 3,677 | |
Sunac Services Holdings Ltd.1,2 | 1,111,000 | 3,532 | |
91,343 | |||
Utilities 1.66% | |||
ENN Energy Holdings Ltd.1 | 1,570,100 | 25,222 | |
China Gas Holdings Ltd.1 | 4,526,800 | 18,544 | |
AES Corp. | 408,596 | 10,955 | |
Engie SA1,2 | 441,836 | 6,274 | |
China Resources Gas Group Ltd.1 | 1,036,000 | 5,760 | |
Enel SpA1 | 388,055 | 3,877 | |
70,632 | |||
Total common stocks (cost: $2,263,820,000) | 3,734,012 | ||
Preferred securities 1.06% Materials 0.32% | |||
Gerdau SA, preferred nominative shares | 2,502,392 | 13,435 | |
Consumer discretionary 0.27% | |||
Volkswagen AG, nonvoting preferred shares1 | 34,345 | 9,599 | |
Lojas Americanas SA, preferred nominative | 473,528 | 1,881 | |
11,480 | |||
Industrials 0.25% | |||
Azul SA, preferred nominative shares (ADR)2 | 344,699 | 6,959 | |
GOL Linhas Aéreas Inteligentes SA, preferred nominative2 | 823,702 | 3,148 | |
GOL Linhas Aéreas Inteligentes SA, preferred nominative (ADR)2 | 72,525 | 555 | |
10,662 | |||
Information technology 0.13% | |||
Nu Holdings Ltd., Series G, noncumulative, preferred shares1,2,5,6 | 112,623 | 3,831 | |
Nu Holdings Ltd., Series A, noncumulative, preferred shares1,2,5,6 | 19,235 | 654 | |
Nu Holdings Ltd., Series Seed, noncumulative, preferred shares1,2,5,6 | 15,954 | 543 | |
Nu Holdings Ltd., noncumulative, preferred shares1,2,5,6 | 12,397 | 422 | |
Nu Holdings Ltd., Series B, noncumulative, preferred shares1,2,5,6 | 1,101 | 37 | |
Nu Holdings Ltd., Series D, noncumulative, preferred shares1,2,5,6 | 585 | 20 | |
5,507 | |||
Health care 0.07% | |||
Grifols, SA, Class B, nonvoting preferred, non-registered shares1 | 183,440 | 3,163 | |
Energy 0.02% | |||
Petróleo Brasileiro SA (Petrobras), preferred nominative | 182,615 | 782 |
American Funds Insurance Series — New World Fund — Page 35 of 240
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Preferred securities (continued) Real estate 0.00% | Shares | Value (000) | |
Ayala Land, Inc., preferred shares1,2,5 | 15,000,000 | $—7 | |
Total preferred securities (cost: $29,501,000) | 45,029 | ||
Rights & warrants 0.20% Consumer staples 0.19% | |||
Foshan Haitian Flavouring and Food Co., Ltd., Class A, warrants, expire 20221,2,3 | 336,160 | 8,215 | |
Health care 0.01% | |||
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20211,2,3 | 21,625 | 196 | |
Consumer discretionary 0.00% | |||
Cie. Financière Richemont SA, Class A, warrants, expire 20232,4 | 144,354 | 55 | |
Total rights & warrants (cost: $2,907,000) | 8,466 | ||
Convertible bonds & notes 0.00% Health care 0.00% | Principal amount (000) | ||
BioMarin Pharmaceutical Inc., convertible bonds, 1.25% 20273 | $114 | 113 | |
Total convertible bonds & notes (cost: $121,000) | 113 | ||
Bonds, notes & other debt instruments 2.63% Bonds & notes of governments & government agencies outside the U.S. 2.28% | |||
Abu Dhabi (Emirate of) 2.50% 20293 | 1,900 | 1,953 | |
Abu Dhabi (Emirate of) 1.70% 20313 | 455 | 432 | |
Angola (Republic of) 8.25% 2028 | 200 | 193 | |
Angola (Republic of) 8.00% 20293 | 2,800 | 2,636 | |
Angola (Republic of) 8.00% 2029 | 200 | 188 | |
Argentine Republic 1.00% 2029 | 385 | 139 | |
Argentine Republic 0.125% 2030 (0.50% on 7/9/2021)8 | 757 | 255 | |
Argentine Republic 0.125% 2035 (1.125% on 7/9/2021)8 | 4,190 | 1,259 | |
Argentine Republic 0.125% 2038 (2.00% on 7/9/2021)8 | 1,318 | 485 | |
Argentine Republic 0.125% 2041 (2.50% on 7/9/2021)8 | 5,900 | 2,046 | |
Armenia (Republic of) 7.15% 2025 | 490 | 543 | |
Bahrain (Kingdom of) 6.75% 20293 | 500 | 546 | |
Belarus (Republic of) 6.875% 2023 | 1,775 | 1,815 | |
Belarus (Republic of) 5.875% 2026 | 230 | 221 | |
Belarus (Republic of) 7.625% 2027 | 335 | 344 | |
Cameroon (Republic of) 9.50% 2025 | 805 | 875 | |
Colombia (Republic of) 4.50% 2026 | 830 | 913 | |
Colombia (Republic of) 7.375% 2037 | 600 | 795 | |
Colombia (Republic of) 4.125% 2051 | 350 | 334 | |
Costa Rica (Republic of) 4.375% 2025 | 234 | 233 | |
Costa Rica (Republic of) 6.125% 20313 | 1,250 | 1,261 | |
Costa Rica (Republic of) 6.125% 2031 | 593 | 598 | |
Cote d’Ivoire (Republic of) 4.875% 2032 | €150 | 172 | |
Dominican Republic 9.75% 2026 | DOP18,150 | 346 | |
Dominican Republic 8.625% 20273 | $575 | 700 | |
Dominican Republic 11.375% 2029 | DOP12,800 | 272 |
American Funds Insurance Series — New World Fund — Page 36 of 240
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Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Dominican Republic 4.50% 20303 | $180 | $182 | |
Dominican Republic 5.30% 20413 | 303 | 299 | |
Dominican Republic 7.45% 20443 | 1,125 | 1,329 | |
Dominican Republic 7.45% 2044 | 1,100 | 1,299 | |
Dominican Republic 6.85% 2045 | 100 | 111 | |
Dominican Republic 5.875% 20603 | 280 | 269 | |
Egypt (Arab Republic of) 5.75% 20243 | 450 | 473 | |
Egypt (Arab Republic of) 5.625% 2030 | €260 | 304 | |
Egypt (Arab Republic of) 5.875% 20313 | $365 | 343 | |
Egypt (Arab Republic of) 7.625% 20323 | 1,140 | 1,170 | |
Egypt (Arab Republic of) 8.50% 2047 | 1,200 | 1,199 | |
Egypt (Arab Republic of) 8.15% 20593 | 900 | 861 | |
Ethiopia (Federal Democratic Republic of) 6.625% 2024 | 1,430 | 1,322 | |
Export-Import Bank of India 3.25% 2030 | 1,180 | 1,175 | |
Gabonese Republic 6.375% 2024 | 2,160 | 2,245 | |
Ghana (Republic of) 7.75% 20293 | 1,125 | 1,117 | |
Guatemala (Republic of) 4.375% 2027 | 400 | 429 | |
Honduras (Republic of) 6.25% 2027 | 1,600 | 1,756 | |
Indonesia (Republic of) 6.625% 2037 | 700 | 934 | |
Indonesia (Republic of) 5.25% 2042 | 840 | 1,007 | |
Iraq (Republic of) 6.752% 2023 | 960 | 958 | |
Jordan (Hashemite Kingdom of) 4.95% 20253 | 600 | 618 | |
Jordan (Hashemite Kingdom of) 5.75% 20273 | 1,530 | 1,607 | |
Jordan (Hashemite Kingdom of) 5.75% 2027 | 200 | 210 | |
Kazakhstan (Republic of) 6.50% 20453 | 800 | 1,137 | |
Kenya (Republic of) 6.875% 20243 | 400 | 441 | |
Kenya (Republic of) 8.25% 20483 | 2,200 | 2,274 | |
Malaysia (Federation of), Series 0419, 3.828% 2034 | MYR430 | 103 | |
Malaysia (Federation of), Series 0418, 4.893% 2038 | 1,150 | 297 | |
Oman (Sultanate of) 4.875% 20253 | $202 | 211 | |
Oman (Sultanate of) 6.25% 20313 | 890 | 933 | |
Pakistan (Islamic Republic of) 8.25% 20253 | 410 | 455 | |
Pakistan (Islamic Republic of) 6.00% 20263 | 380 | 387 | |
Pakistan (Islamic Republic of) 6.875% 20273 | 1,050 | 1,099 | |
Pakistan (Islamic Republic of) 7.875% 2036 | 400 | 416 | |
Panama (Republic of) 3.75% 20263 | 1,380 | 1,484 | |
Panama (Republic of) 4.50% 2047 | 1,155 | 1,283 | |
Panama (Republic of) 4.50% 2050 | 400 | 443 | |
Panama (Republic of) 4.30% 2053 | 400 | 431 | |
Paraguay (Republic of) 5.00% 20263 | 500 | 567 | |
Paraguay (Republic of) 4.70% 20273 | 800 | 896 | |
Paraguay (Republic of) 4.70% 2027 | 500 | 560 | |
Paraguay (Republic of) 4.95% 2031 | 320 | 363 | |
Peru (Republic of) 6.55% 2037 | 1,070 | 1,449 | |
Peru (Republic of) 2.78% 2060 | 565 | 468 | |
PETRONAS Capital Ltd. 4.55% 20503 | 400 | 475 | |
Philippines (Republic of) 1.648% 2031 | 780 | 739 | |
Philippines (Republic of) 6.375% 2034 | 820 | 1,126 | |
Philippines (Republic of) 2.95% 2045 | 990 | 929 | |
PT Indonesia Asahan Aluminium Tbk 6.757% 2048 | 200 | 250 | |
Qatar (State of) 4.50% 20283 | 3,000 | 3,505 | |
Qatar (State of) 4.50% 2028 | 800 | 935 | |
Romania 2.00% 2032 | €1,510 | 1,780 | |
Romania 5.125% 20483 | $720 | 817 | |
Russian Federation 4.375% 20293 | 800 | 876 |
American Funds Insurance Series — New World Fund — Page 37 of 240
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Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Russian Federation 5.10% 2035 | $1,200 | $1,385 | |
Russian Federation 5.25% 2047 | 1,400 | 1,665 | |
Senegal (Republic of) 4.75% 2028 | €1,100 | 1,313 | |
Serbia (Republic of) 3.125% 2027 | 850 | 1,106 | |
South Africa (Republic of) 5.875% 2030 | $2,110 | 2,264 | |
Sri Lanka (Democratic Socialist Republic of) 5.75% 2022 | 250 | 220 | |
Sri Lanka (Democratic Socialist Republic of) 5.875% 2022 | 1,000 | 788 | |
Sri Lanka (Democratic Socialist Republic of) 6.125% 2025 | 410 | 262 | |
Sri Lanka (Democratic Socialist Republic of) 6.85% 2025 | 700 | 443 | |
Sri Lanka (Democratic Socialist Republic of) 6.825% 2026 | 1,610 | 995 | |
Sri Lanka (Democratic Socialist Republic of) 7.55% 20303 | 500 | 309 | |
Sri Lanka (Democratic Socialist Republic of) 7.55% 2030 | 800 | 495 | |
Tunisia (Republic of) 6.75% 2023 | €420 | 452 | |
Tunisia (Republic of) 5.625% 2024 | 710 | 738 | |
Tunisia (Republic of) 5.75% 2025 | $875 | 766 | |
Turkey (Republic of) 6.375% 2025 | 475 | 472 | |
Turkey (Republic of) 11.875% 2030 | 600 | 781 | |
Turkey (Republic of) 5.875% 2031 | 1,170 | 1,061 | |
Turkey (Republic of) 4.875% 2043 | 1,295 | 993 | |
Turkey (Republic of) 5.75% 2047 | 2,205 | 1,797 | |
Ukraine 7.75% 2027 | 2,328 | 2,495 | |
Ukraine 9.75% 2028 | 700 | 817 | |
Ukraine 7.375% 2032 | 2,180 | 2,199 | |
United Mexican States 3.90% 2025 | 320 | 353 | |
United Mexican States 4.50% 2029 | 1,070 | 1,188 | |
United Mexican States 4.75% 2032 | 870 | 971 | |
United Mexican States 4.75% 2044 | 1,090 | 1,154 | |
United Mexican States 3.75% 2071 | 400 | 348 | |
United Mexican States, Series M, 7.50% 2027 | MXN15,000 | 782 | |
Venezuela (Bolivarian Republic of) 7.00% 20189 | $64 | 6 | |
Venezuela (Bolivarian Republic of) 7.75% 20199 | 1,149 | 115 | |
Venezuela (Bolivarian Republic of) 6.00% 20209 | 950 | 96 | |
Venezuela (Bolivarian Republic of) 12.75% 20229 | 85 | 9 | |
Venezuela (Bolivarian Republic of) 9.00% 20239 | 1,383 | 144 | |
Venezuela (Bolivarian Republic of) 8.25% 20249 | 299 | 31 | |
Venezuela (Bolivarian Republic of) 7.65% 20259 | 129 | 13 | |
Venezuela (Bolivarian Republic of) 11.75% 20269 | 64 | 7 | |
Venezuela (Bolivarian Republic of) 9.25% 20279 | 170 | 18 | |
Venezuela (Bolivarian Republic of) 9.25% 20289 | 319 | 34 | |
Venezuela (Bolivarian Republic of) 11.95% 20319 | 106 | 11 | |
Venezuela (Bolivarian Republic of) 7.00% 20389 | 107 | 11 | |
97,007 | |||
Corporate bonds, notes & loans 0.35% Energy 0.11% | |||
Oleoducto Central SA 4.00% 20273 | 255 | 270 | |
Petrobras Global Finance Co. 5.60% 2031 | 575 | 607 | |
Petrobras Global Finance Co. 6.75% 2050 | 110 | 118 | |
Petrobras Global Finance Co. 6.85% 2115 | 314 | 323 | |
Petróleos Mexicanos 6.875% 20253 | 624 | 677 | |
Petróleos Mexicanos 6.875% 2026 | 755 | 810 | |
Petróleos Mexicanos 6.49% 2027 | 910 | 952 |
American Funds Insurance Series — New World Fund — Page 38 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
PTT Exploration and Production PCL 2.587% 20273 | $320 | $330 | |
Sinopec Group Overseas Development (2018) Ltd. 3.10% 20513 | 370 | 340 | |
4,427 | |||
Financials 0.06% | |||
Bangkok Bank PCL 3.733% 2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)8 | 1,140 | 1,150 | |
Power Financial Corp. Ltd. 5.25% 2028 | 425 | 475 | |
Power Financial Corp. Ltd. 6.15% 2028 | 432 | 510 | |
Power Financial Corp. Ltd. 4.50% 2029 | 273 | 290 | |
Power Financial Corp. Ltd. 3.35% 2031 | 310 | 303 | |
2,728 | |||
Utilities 0.04% | |||
AES Panama Generation Holdings SRL 4.375% 20303 | 280 | 290 | |
Empresas Publicas de Medellin ESP 4.25% 20293 | 412 | 418 | |
Empresas Publicas de Medellin ESP 4.375% 20313 | 360 | 361 | |
State Grid Overseas Investment Ltd. 3.50% 20273 | 330 | 360 | |
State Grid Overseas Investment Ltd. 4.25% 2028 | 200 | 225 | |
1,654 | |||
Communication services 0.04% | |||
Axiata SPV5 Labuan Ltd. 3.064% 2050 | 357 | 328 | |
PLDT Inc. 2.50% 2031 | 210 | 207 | |
Tencent Holdings Ltd. 3.975% 2029 | 400 | 435 | |
Tencent Holdings Ltd. 3.24% 20503 | 580 | 536 | |
1,506 | |||
Consumer discretionary 0.03% | |||
Alibaba Group Holding Ltd. 2.125% 2031 | 463 | 442 | |
Alibaba Group Holding Ltd. 3.15% 2051 | 610 | 569 | |
MercadoLibre, Inc. 3.125% 2031 | 200 | 191 | |
Sands China Ltd. 4.375% 2030 | 220 | 233 | |
1,435 | |||
Materials 0.03% | |||
Braskem Idesa SAPI 7.45% 2029 | 775 | 771 | |
Braskem Idesa SAPI 7.45% 20293 | 300 | 299 | |
GC Treasury Center Company Ltd. 2.98% 20313 | 200 | 198 | |
1,268 | |||
Industrials 0.03% | |||
Empresa de Transporte de Pasajeros Metro SA 4.70% 20503 | 270 | 308 | |
Mexico City Airport Trust 4.25% 2026 | 675 | 712 | |
Mexico City Airport Trust 3.875% 2028 | 200 | 203 | |
1,223 | |||
Consumer staples 0.01% | |||
MARB BondCo PLC 3.95% 20313 | 600 | 571 | |
Total corporate bonds, notes & loans | 14,812 | ||
Total bonds, notes & other debt instruments (cost: $111,000,000) | 111,819 |
American Funds Insurance Series — New World Fund — Page 39 of 240
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Short-term securities 8.39% Money market investments 8.25% | Shares | Value (000) | |
Capital Group Central Cash Fund 0.08%10,11 | 3,500,816 | $350,117 | |
Money market investments purchased from securities lending collateral 0.14% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%10,12 | 4,827,004 | 4,827 | |
Capital Group Central Cash Fund 0.08%10,11,12 | 11,783 | 1,178 | |
6,005 | |||
Total short-term securities (cost: $356,115,000) | 356,122 | ||
Total investment securities 100.20% (cost: $2,763,464,000) | 4,255,561 | ||
Other assets less liabilities (0.20)% | (8,552) | ||
Net assets 100.00% | $4,247,009 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount13 (000) | Value at 3/31/202114 (000) | Unrealized appreciation (depreciation) at 3/31/2021 (000) |
10 Year Ultra U.S. Treasury Note Futures | Short | 63 | June 2021 | $(6,300) | $(9,053) | $257 |
30 Year Ultra U.S. Treasury Bond Futures | Long | 18 | June 2021 | 1,800 | 3,262 | (133) |
$124 |
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation at 3/31/2021 (000) | |
Purchases (000) | Sales (000) | |||
USD3,374 | EUR2,830 | UBS AG | 4/9/2021 | $54 |
Investments in affiliates11
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 8.28% | |||||||
Money market investments 8.25% | |||||||
Capital Group Central Cash Fund 0.08%10 | $224,497 | $279,471 | $153,851 | $—7 | $—7 | $350,117 | $74 |
Money market investments purchased from securities lending collateral 0.03% | |||||||
Capital Group Central Cash Fund 0.08%10,12 | — | —15 | —15 | —15 | —15 | 1,178 | —15 |
Total short-term securities | 351,295 | ||||||
Total 8.28% | $—7 | $—7 | $351,295 | $74 |
American Funds Insurance Series — New World Fund — Page 40 of 240
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1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,122,320,000, which represented 49.97% of the net assets of the fund. This amount includes $2,096,859,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | Acquired in a transaction exempt from registration under Rule 144A 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 $63,925,000, which represented 1.51% of the net assets of the fund. |
4 | All or a portion of this security was on loan. The total value of all such securities was $6,556,000, which represented .15% of the net assets of the fund. |
5 | Value determined using significant unobservable inputs. |
6 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear below. |
7 | Amount less than one thousand. |
8 | Step bond; coupon rate may change at a later date. |
9 | Scheduled interest and/or principal payment was not received. |
10 | Rate represents the seven-day yield at 3/31/2021. |
11 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
12 | Security purchased with cash collateral from securities on loan. |
13 | Notional amount is calculated based on the number of contracts and notional contract size. |
14 | Value is calculated based on the notional amount and current market price. |
15 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
Private placement securities | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Nu Holdings Ltd., Series G, noncumulative, preferred shares | 1/27/2021 | $3,831 | $3,831 | .09% |
Nu Holdings Ltd., Series A, noncumulative, preferred shares | 1/27/2021 | 654 | 654 | .02 |
Nu Holdings Ltd., Series Seed, noncumulative, preferred shares | 1/27/2021 | 543 | 543 | .01 |
Nu Holdings Ltd., noncumulative, preferred shares | 1/27/2021 | 422 | 422 | .01 |
Nu Holdings Ltd., Series B, noncumulative, preferred shares | 1/27/2021 | 37 | 37 | .00 |
Nu Holdings Ltd., Series D, noncumulative, preferred shares | 1/27/2021 | 20 | 20 | .00 |
Total private placement securities | $ 5,507 | $ 5,507 | .13% |
Key to abbreviations and symbols |
ADR = American Depositary Receipts |
CDI = CREST Depository Interest |
DOP = Dominican pesos |
EUR/€ = Euros |
GDR = Global Depositary Receipts |
MXN = Mexican pesos |
MYR = Malaysian ringgits |
USD/$ = U.S. dollars |
American Funds Insurance Series — New World Fund — Page 41 of 240
unaudited
Common stocks 97.50% Information technology 16.57% | Shares | Value (000) | |
Microsoft Corp. | 2,675,390 | $630,777 | |
Broadcom Inc. | 1,007,100 | 466,952 | |
Mastercard Inc., Class A | 652,900 | 232,465 | |
Apple Inc. | 1,400,000 | 171,010 | |
SS&C Technologies Holdings, Inc. | 1,153,800 | 80,616 | |
Intel Corp. | 1,100,000 | 70,400 | |
Cognizant Technology Solutions Corp., Class A | 486,000 | 37,966 | |
QUALCOMM Inc. | 68,000 | 9,016 | |
1,699,202 | |||
Health care 16.30% | |||
Abbott Laboratories | 3,362,500 | 402,962 | |
Amgen Inc. | 1,258,510 | 313,130 | |
UnitedHealth Group Inc. | 620,100 | 230,721 | |
Gilead Sciences, Inc. | 3,562,712 | 230,258 | |
AbbVie Inc. | 1,043,000 | 112,873 | |
Medtronic PLC | 700,000 | 82,691 | |
Stryker Corp. | 296,800 | 72,295 | |
Teva Pharmaceutical Industries Ltd. (ADR)1 | 5,796,300 | 66,889 | |
Humana Inc. | 124,700 | 52,281 | |
Merck & Co., Inc. | 500,000 | 38,545 | |
Zimmer Biomet Holdings, Inc. | 225,000 | 36,018 | |
PerkinElmer, Inc. | 210,400 | 26,992 | |
GlaxoSmithKline PLC (ADR) | 148,000 | 5,282 | |
1,670,937 | |||
Industrials 13.19% | |||
Raytheon Technologies Corp. | 3,935,100 | 304,065 | |
CSX Corp. | 2,860,000 | 275,761 | |
General Dynamics Corp. | 779,000 | 141,435 | |
General Electric Co. | 9,974,300 | 130,963 | |
Union Pacific Corp. | 565,600 | 124,664 | |
Carrier Global Corp. | 2,549,000 | 107,619 | |
Illinois Tool Works Inc. | 450,000 | 99,684 | |
Airbus Group SE (ADR)1 | 2,639,000 | 74,921 | |
RELX PLC (ADR) | 1,225,000 | 30,821 | |
Stanley Black & Decker, Inc. | 136,000 | 27,155 | |
ManpowerGroup Inc. | 131,500 | 13,005 | |
L3Harris Technologies, Inc. | 58,500 | 11,857 | |
Otis Worldwide Corp. | 150,000 | 10,268 | |
Rolls-Royce Holdings PLC (ADR)2 | 356,800 | 535 | |
1,352,753 |
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Common stocks (continued) Energy 10.94% | Shares | Value (000) | |
EOG Resources, Inc. | 4,588,100 | $332,775 | |
Baker Hughes Co., Class A | 10,437,000 | 225,543 | |
Chevron Corp. | 1,235,000 | 129,416 | |
Diamondback Energy, Inc. | 1,387,033 | 101,933 | |
Royal Dutch Shell PLC, Class B (ADR) | 2,242,000 | 82,573 | |
Pioneer Natural Resources Company | 486,800 | 77,314 | |
ConocoPhillips | 899,506 | 47,647 | |
Canadian Natural Resources, Ltd. | 1,230,250 | 37,978 | |
Williams Companies, Inc. | 1,309,000 | 31,010 | |
Schlumberger Ltd. | 1,045,400 | 28,424 | |
TC Energy Corp. | 600,000 | 27,450 | |
1,122,063 | |||
Communication services 8.84% | |||
Comcast Corp., Class A | 5,862,700 | 317,231 | |
Facebook, Inc., Class A1 | 700,000 | 206,171 | |
Alphabet Inc., Class A1 | 80,975 | 167,012 | |
Alphabet Inc., Class C1 | 3,000 | 6,206 | |
Netflix, Inc.1 | 201,800 | 105,271 | |
Omnicom Group Inc. | 1,000,000 | 74,150 | |
Electronic Arts Inc. | 146,000 | 19,764 | |
Activision Blizzard, Inc. | 113,000 | 10,509 | |
906,314 | |||
Financials 8.80% | |||
JPMorgan Chase & Co. | 1,547,300 | 235,545 | |
Citigroup Inc. | 3,108,500 | 226,143 | |
American International Group, Inc. | 3,317,000 | 153,279 | |
Discover Financial Services | 905,000 | 85,966 | |
Wells Fargo & Company | 1,280,000 | 50,010 | |
PNC Financial Services Group, Inc. | 272,500 | 47,799 | |
Franklin Resources, Inc. | 1,550,000 | 45,880 | |
Nasdaq, Inc. | 260,000 | 38,340 | |
CME Group Inc., Class A | 96,500 | 19,708 | |
902,670 | |||
Consumer discretionary 7.90% | |||
General Motors Company | 4,763,500 | 273,711 | |
Royal Caribbean Cruises Ltd. | 1,525,200 | 130,572 | |
McDonald’s Corp. | 500,000 | 112,070 | |
Starbucks Corp. | 608,000 | 66,436 | |
Sony Group Corp. (ADR) | 474,500 | 50,302 | |
Williams-Sonoma, Inc. | 273,700 | 49,047 | |
Home Depot, Inc. | 150,000 | 45,787 | |
Hasbro, Inc. | 315,000 | 30,278 | |
NIKE, Inc., Class B | 225,000 | 29,900 | |
Lowe’s Companies, Inc. | 115,000 | 21,871 | |
809,974 | |||
Consumer staples 7.16% | |||
Philip Morris International Inc. | 3,287,489 | 291,732 | |
Constellation Brands, Inc., Class A | 362,200 | 82,582 | |
Altria Group, Inc. | 1,500,000 | 76,740 | |
Coca-Cola Company | 1,250,000 | 65,887 | |
Keurig Dr Pepper Inc. | 1,746,500 | 60,027 |
American Funds Insurance Series — Blue Chip Income and Growth Fund — Page 43 of 240
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Common stocks (continued) Consumer staples (continued) | Shares | Value (000) | |
PepsiCo, Inc. | 400,000 | $56,580 | |
British American Tobacco PLC (ADR) | 1,210,000 | 46,875 | |
Lamb Weston Holdings, Inc. | 400,000 | 30,992 | |
Mondelez International, Inc. | 384,000 | 22,476 | |
733,891 | |||
Utilities 3.47% | |||
Entergy Corp. | 994,000 | 98,873 | |
Public Service Enterprise Group Inc. | 1,520,000 | 91,519 | |
DTE Energy Company | 421,000 | 56,052 | |
Sempra Energy | 331,000 | 43,884 | |
American Electric Power Company, Inc. | 450,000 | 38,115 | |
NextEra Energy, Inc. | 200,000 | 15,122 | |
E.ON SE (ADR) | 1,090,000 | 12,764 | |
356,329 | |||
Materials 2.64% | |||
Linde PLC | 782,200 | 219,126 | |
Freeport-McMoRan Inc. | 1,565,000 | 51,535 | |
270,661 | |||
Real estate 1.69% | |||
Crown Castle International Corp. REIT | 525,000 | 90,368 | |
Americold Realty Trust REIT | 690,000 | 26,544 | |
Digital Realty Trust, Inc. REIT | 177,500 | 24,999 | |
Alexandria Real Estate Equities, Inc. REIT | 98,500 | 16,184 | |
Equinix, Inc. REIT | 22,400 | 15,223 | |
173,318 | |||
Total common stocks (cost: $6,285,615,000) | 9,998,112 | ||
Convertible stocks 0.85% Consumer discretionary 0.66% | |||
Aptiv PLC, Series A, convertible preferred shares, 5.50% 2023 | 431,213 | 68,084 | |
Health care 0.19% | |||
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 20232 | 8,921 | 11,554 | |
Danaher Corp., Series A, cumulative convertible preferred shares, 4.75% 2022 | 4,900 | 7,498 | |
19,052 | |||
Total convertible stocks (cost: $57,918,000) | 87,136 | ||
Convertible bonds & notes 0.15% Consumer discretionary 0.15% | Principal amount (000) | ||
Royal Caribbean Cruises Ltd., convertible notes, 2.875% 20233 | $11,376 | 14,835 | |
Total convertible bonds & notes (cost: $11,376,000) | 14,835 | ||
Short-term securities 1.24% Money market investments 1.22% | Shares | ||
Capital Group Central Cash Fund 0.08%4,5 | 1,250,063 | 125,019 |
American Funds Insurance Series — Blue Chip Income and Growth Fund — Page 44 of 240
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Short-term securities (continued) Money market investments purchased from securities lending collateral 0.02% | Shares | Value (000) | |
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%4,6 | 1,681,738 | $1,682 | |
Capital Group Central Cash Fund 0.08%4,5,6 | 4,105 | 410 | |
2,092 | |||
Total short-term securities (cost: $127,087,000) | 127,111 | ||
Total investment securities 99.74% (cost: $6,481,996,000) | 10,227,194 | ||
Other assets less liabilities 0.26% | 26,890 | ||
Net assets 100.00% | $10,254,084 |
Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 1.22% | |||||||
Money market investments 1.22% | |||||||
Capital Group Central Cash Fund 0.08%4 | $178,532 | $185,360 | $238,873 | $10 | $(10) | $125,019 | $36 |
Money market investments purchased from securities lending collateral 0.00% | |||||||
Capital Group Central Cash Fund 0.08%4,6 | — | —7 | —7 | —7 | —7 | 410 | —7 |
Total short-term securities | 125,429 | ||||||
Total 1.22% | $10 | $(10) | $125,429 | $36 |
1 | Security did not produce income during the last 12 months. |
2 | All or a portion of this security was on loan. The total value of all such securities was $2,263,000, which represented .02% of the net assets of the fund. |
3 | Acquired in a transaction exempt from registration under Rule 144A 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 $14,835,000, which represented .14% of the net assets of the fund. |
4 | Rate represents the seven-day yield at 3/31/2021. |
5 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
6 | Security purchased with cash collateral from securities on loan. |
7 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
Key to abbreviation |
ADR = American Depositary Receipts |
American Funds Insurance Series — Blue Chip Income and Growth Fund — Page 45 of 240
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Common stocks 96.41% Information technology 18.75% | Shares | Value (000) | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 4,576,800 | $95,167 | |
Broadcom Inc. | 155,700 | 72,192 | |
Apple Inc. | 423,960 | 51,787 | |
Microsoft Corp. | 200,955 | 47,379 | |
ASML Holding NV1 | 70,000 | 42,696 | |
Tokyo Electron Ltd.1 | 49,000 | 20,979 | |
Afterpay Ltd.1,2 | 167,495 | 13,130 | |
Fiserv, Inc.2 | 88,000 | 10,476 | |
NetEase, Inc.1 | 420,800 | 8,697 | |
Advanced Micro Devices, Inc.2 | 98,400 | 7,724 | |
Texas Instruments Inc. | 40,000 | 7,560 | |
Applied Materials, Inc. | 52,000 | 6,947 | |
MediaTek Inc.1 | 194,000 | 6,668 | |
PagSeguro Digital Ltd., Class A2 | 130,000 | 6,019 | |
Murata Manufacturing Co., Ltd.1 | 67,000 | 5,402 | |
SAP SE1 | 34,500 | 4,225 | |
Atlassian Corp. PLC, Class A2 | 19,200 | 4,047 | |
411,095 | |||
Financials 15.99% | |||
Société Générale1,2 | 2,306,018 | 60,255 | |
Sberbank of Russia PJSC (ADR)1 | 2,177,000 | 33,551 | |
Fannie Mae2,3 | 16,006,000 | 33,133 | |
HDFC Bank Ltd.1,2 | 1,166,577 | 23,741 | |
Discover Financial Services | 249,000 | 23,653 | |
Toronto-Dominion Bank (CAD denominated) | 320,492 | 20,902 | |
AIA Group Ltd.1 | 1,590,000 | 19,343 | |
UniCredit SpA1,2 | 1,686,696 | 17,912 | |
Macquarie Group Ltd.1 | 142,118 | 16,478 | |
B3 SA - Brasil, Bolsa, Balcao | 1,500,000 | 14,556 | |
CME Group Inc., Class A | 70,000 | 14,296 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 1,195,000 | 14,271 | |
JPMorgan Chase & Co. | 92,000 | 14,005 | |
The Blackstone Group Inc. | 136,700 | 10,188 | |
Barclays PLC1 | 3,365,000 | 8,628 | |
HDFC Life Insurance Company Ltd.1,2 | 773,990 | 7,387 | |
Truist Financial Corp. | 116,550 | 6,797 | |
Zurich Insurance Group AG1 | 14,000 | 5,970 | |
DBS Group Holdings Ltd.1 | 255,000 | 5,501 | |
350,567 | |||
Industrials 11.64% | |||
Airbus SE, non-registered shares1,2 | 607,200 | 68,775 | |
CCR SA, ordinary nominative | 18,355,800 | 42,134 | |
Lockheed Martin Corp. | 69,000 | 25,495 | |
Safran SA1,2 | 123,500 | 16,812 |
American Funds Insurance Series — Global Growth and Income Fund — Page 46 of 240
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Honeywell International Inc. | 71,700 | $15,564 | |
Illinois Tool Works Inc. | 54,000 | 11,962 | |
Rheinmetall AG1 | 98,800 | 10,011 | |
VAT Group AG1 | 35,200 | 9,866 | |
Boeing Company2 | 35,500 | 9,042 | |
Watsco, Inc. | 27,700 | 7,223 | |
CSX Corp. | 73,000 | 7,039 | |
Experian PLC1 | 171,000 | 5,891 | |
Caterpillar Inc. | 25,000 | 5,797 | |
Deutsche Post AG1 | 101,500 | 5,561 | |
PACCAR Inc. | 58,600 | 5,445 | |
Union Pacific Corp. | 24,400 | 5,378 | |
Seven Group Holdings Ltd.1 | 180,000 | 3,094 | |
255,089 | |||
Consumer discretionary 10.11% | |||
LVMH Moët Hennessy-Louis Vuitton SE1 | 74,096 | 49,377 | |
Home Depot, Inc. | 88,500 | 27,015 | |
Flutter Entertainment PLC1,2 | 126,077 | 26,851 | |
General Motors Company | 400,000 | 22,984 | |
Li Ning Co. Ltd.1 | 1,685,000 | 11,008 | |
Amazon.com, Inc.2 | 2,992 | 9,257 | |
Aston Martin Lagonda Global Holdings PLC1,2 | 267,252 | 7,356 | |
NIKE, Inc., Class B | 51,800 | 6,884 | |
Restaurant Brands International Inc. (CAD denominated) | 103,600 | 6,738 | |
Persimmon PLC1 | 160,000 | 6,487 | |
Naspers Ltd., Class N1 | 27,000 | 6,475 | |
Tesla, Inc.2 | 9,000 | 6,011 | |
Gentex Corp. | 166,000 | 5,921 | |
Melco Resorts & Entertainment Ltd. (ADR)2 | 297,000 | 5,913 | |
Entain PLC1,2 | 266,070 | 5,570 | |
Alibaba Group Holding Ltd.1,2 | 194,600 | 5,507 | |
Strategic Education, Inc. | 56,000 | 5,147 | |
Booking Holdings Inc.2 | 2,100 | 4,893 | |
Ocado Group PLC1,2 | 83,600 | 2,346 | |
221,740 | |||
Health care 9.39% | |||
UnitedHealth Group Inc. | 83,253 | 30,976 | |
Novartis AG1 | 337,000 | 28,787 | |
Allogene Therapeutics, Inc.2 | 461,000 | 16,273 | |
Abbott Laboratories | 125,000 | 14,980 | |
Centene Corp.2 | 186,000 | 11,887 | |
Hikma Pharmaceuticals PLC1 | 340,000 | 10,666 | |
DexCom, Inc.2 | 23,700 | 8,518 | |
Eli Lilly and Company | 45,000 | 8,407 | |
Gilead Sciences, Inc. | 130,000 | 8,402 | |
AstraZeneca PLC1 | 83,000 | 8,277 | |
Pharmaron Beijing Co., Ltd., Class H1 | 433,800 | 8,252 | |
CSL Ltd.1 | 39,900 | 8,040 | |
Sanofi1 | 78,200 | 7,729 | |
Insulet Corp.2 | 28,300 | 7,384 | |
CVS Health Corp. | 95,000 | 7,147 | |
Sarepta Therapeutics, Inc.2 | 94,500 | 7,043 | |
Pfizer Inc. | 145,000 | 5,253 |
American Funds Insurance Series — Global Growth and Income Fund — Page 47 of 240
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
HOYA Corp.1 | 36,600 | $4,311 | |
Regeneron Pharmaceuticals, Inc.2 | 7,650 | 3,620 | |
205,952 | |||
Communication services 7.61% | |||
Alphabet Inc., Class A2 | 21,800 | 44,963 | |
Alphabet Inc., Class C2 | 7,000 | 14,480 | |
Comcast Corp., Class A | 546,000 | 29,544 | |
Facebook, Inc., Class A2 | 65,000 | 19,145 | |
Walt Disney Company2 | 83,000 | 15,315 | |
SoftBank Corp.1 | 663,800 | 8,639 | |
Tencent Holdings Ltd.1 | 100,000 | 7,884 | |
Activision Blizzard, Inc. | 80,000 | 7,440 | |
Warner Music Group Corp., Class A | 204,000 | 7,003 | |
Koninklijke KPN NV1 | 1,841,000 | 6,259 | |
New York Times Co., Class A | 120,000 | 6,074 | |
166,746 | |||
Materials 5.72% | |||
Vale SA, ordinary nominative | 1,409,600 | 24,535 | |
Vale SA, ordinary nominative (ADR) | 385,600 | 6,702 | |
BHP Group PLC1 | 992,000 | 28,640 | |
Fortescue Metals Group Ltd.1 | 915,000 | 13,968 | |
Koninklijke DSM NV1 | 79,800 | 13,503 | |
Evonik Industries AG1 | 375,000 | 13,260 | |
Shin-Etsu Chemical Co., Ltd.1 | 63,000 | 10,645 | |
Eastman Chemical Company | 68,000 | 7,488 | |
Lynas Rare Earths Ltd.1,2 | 1,400,000 | 6,605 | |
125,346 | |||
Utilities 5.27% | |||
Enel SpA1 | 3,539,000 | 35,360 | |
Ørsted AS1 | 142,456 | 23,047 | |
E.ON SE1 | 1,015,000 | 11,811 | |
Dominion Energy, Inc. | 150,000 | 11,394 | |
China Resources Gas Group Ltd.1 | 1,778,000 | 9,885 | |
Brookfield Infrastructure Partners LP | 170,000 | 9,075 | |
National Grid PLC1 | 750,000 | 8,945 | |
NextEra Energy, Inc. | 60,000 | 4,537 | |
Brookfield Infrastructure Corp., Class A, subordinate voting shares | 18,888 | 1,445 | |
115,499 | |||
Energy 4.81% | |||
Reliance Industries Ltd.1 | 1,606,099 | 44,145 | |
Reliance Industries Ltd., interim shares1 | 107,073 | 1,602 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 904,000 | 27,947 | |
EOG Resources, Inc. | 200,000 | 14,506 | |
Gazprom PJSC (ADR)1 | 2,141,000 | 12,775 | |
Total SE1 | 95,600 | 4,452 | |
105,427 | |||
Consumer staples 4.55% | |||
Nestlé SA1 | 298,275 | 33,244 | |
Keurig Dr Pepper Inc. | 405,000 | 13,920 | |
ITC Ltd.1 | 3,410,972 | 10,206 |
American Funds Insurance Series — Global Growth and Income Fund — Page 48 of 240
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Common stocks (continued) Consumer staples (continued) | Shares | Value (000) | |
British American Tobacco PLC1 | 252,000 | $9,639 | |
Altria Group, Inc. | 145,000 | 7,418 | |
Philip Morris International Inc. | 80,000 | 7,099 | |
Pernod Ricard SA1 | 35,000 | 6,570 | |
Mondelez International, Inc. | 89,000 | 5,209 | |
Reckitt Benckiser Group PLC1 | 42,000 | 3,763 | |
Beyond Meat, Inc.2,3 | 21,500 | 2,798 | |
99,866 | |||
Real estate 2.57% | |||
Mindspace Business Parks REIT1 | 3,433,800 | 13,853 | |
Alexandria Real Estate Equities, Inc. REIT | 75,000 | 12,323 | |
Prologis, Inc. REIT | 90,000 | 9,540 | |
Iron Mountain Inc. REIT | 219,200 | 8,113 | |
Longfor Group Holdings Ltd.1 | 1,025,000 | 6,825 | |
CIFI Holdings (Group) Co. Ltd.1 | 5,910,000 | 5,750 | |
56,404 | |||
Total common stocks (cost: $1,311,535,000) | 2,113,731 | ||
Bonds, notes & other debt instruments 1.54% Corporate bonds, notes & loans 1.54% Communication services 1.54% | Principal amount (000) | ||
Sprint Corp. 7.25% 2021 | $33,000 | 33,870 | |
Total bonds, notes & other debt instruments (cost: $32,715,000) | 33,870 | ||
Short-term securities 2.13% Money market investments 2.03% | Shares | ||
Capital Group Central Cash Fund 0.08%4,5 | 444,683 | 44,473 | |
Money market investments purchased from securities lending collateral 0.10% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%4,6 | 1,738,092 | 1,738 | |
Capital Group Central Cash Fund 0.08%4,5,6 | 4,242 | 424 | |
2,162 | |||
Total short-term securities (cost: $46,628,000) | 46,635 | ||
Total investment securities 100.08% (cost: $1,390,878,000) | 2,194,236 | ||
Other assets less liabilities (0.08)% | (1,842) | ||
Net assets 100.00% | $2,192,394 |
American Funds Insurance Series — Global Growth and Income Fund — Page 49 of 240
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Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 2.05% | |||||||
Money market investments 2.03% | |||||||
Capital Group Central Cash Fund 0.08%4 | $66,489 | $75,178 | $97,194 | $1 | $(1) | $44,473 | $13 |
Money market investments purchased from securities lending collateral 0.02% | |||||||
Capital Group Central Cash Fund 0.08%4,6 | — | —7 | —7 | —7 | —7 | 424 | —7 |
Total short-term securities | 44,897 | ||||||
Total 2.05% | $1 | $(1) | $44,897 | $13 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $1,078,325,000, which represented 49.18% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $2,270,000, which represented .10% of the net assets of the fund. |
4 | Rate represents the seven-day yield at 3/31/2021. |
5 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
6 | Security purchased with cash collateral from securities on loan. |
7 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
American Funds Insurance Series — Global Growth and Income Fund — Page 50 of 240
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Common stocks 94.85% Information technology 20.77% | Shares | Value (000) | |
Microsoft Corp. | 10,424,024 | $2,457,672 | |
Broadcom Inc. | 2,599,001 | 1,205,053 | |
Mastercard Inc., Class A | 1,913,921 | 681,452 | |
Accenture PLC, Class A | 991,200 | 273,819 | |
Intel Corp. | 4,099,938 | 262,396 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 11,763,000 | 244,593 | |
Visa Inc., Class A | 1,093,800 | 231,590 | |
Adobe Inc.2 | 453,373 | 215,520 | |
ASML Holding NV1 | 199,068 | 121,419 | |
ASML Holding NV (New York registered) (ADR) | 147,800 | 91,246 | |
Fidelity National Information Services, Inc. | 1,268,981 | 178,431 | |
Automatic Data Processing, Inc. | 845,000 | 159,257 | |
Apple Inc. | 1,220,400 | 149,072 | |
Autodesk, Inc.2 | 530,000 | 146,890 | |
ServiceNow, Inc.2 | 249,238 | 124,646 | |
PayPal Holdings, Inc.2 | 498,649 | 121,092 | |
Global Payments Inc. | 572,628 | 115,430 | |
FleetCor Technologies, Inc.2 | 420,507 | 112,961 | |
CDK Global, Inc. | 2,042,800 | 110,434 | |
Euronet Worldwide, Inc.2 | 763,602 | 105,606 | |
Cognizant Technology Solutions Corp., Class A | 1,345,000 | 105,071 | |
Ceridian HCM Holding Inc.2 | 1,240,574 | 104,543 | |
Concentrix Corp.2 | 641,935 | 96,111 | |
MKS Instruments, Inc. | 481,000 | 89,187 | |
Samsung Electronics Co., Ltd.1 | 1,110,000 | 80,177 | |
StoneCo Ltd., Class A2 | 1,285,500 | 78,698 | |
Fiserv, Inc.2 | 536,700 | 63,889 | |
NetApp, Inc. | 873,100 | 63,448 | |
Texas Instruments Inc. | 308,278 | 58,261 | |
Atlassian Corp. PLC, Class A2 | 247,800 | 52,226 | |
KLA Corp. | 155,000 | 51,212 | |
Amphenol Corp., Class A | 772,000 | 50,929 | |
QUALCOMM Inc. | 375,195 | 49,747 | |
Applied Materials, Inc. | 337,400 | 45,077 | |
Dye & Durham Ltd. | 1,322,100 | 41,734 | |
Teradata Corp.2 | 1,056,057 | 40,700 | |
Analog Devices, Inc. | 231,000 | 35,824 | |
Trimble Inc.2 | 413,300 | 32,151 | |
Arista Networks, Inc.2 | 65,000 | 19,623 | |
Vontier Corp.2 | 434,000 | 13,137 | |
VeriSign, Inc.2 | 61,000 | 12,124 | |
GoDaddy Inc., Class A2 | 143,400 | 11,131 | |
8,303,579 |
American Funds Insurance Series — Growth-Income Fund — Page 51 of 240
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Common stocks (continued) Communication services 14.90% | Shares | Value (000) | |
Facebook, Inc., Class A2 | 5,881,792 | $1,732,364 | |
Alphabet Inc., Class A2 | 408,780 | 843,117 | |
Alphabet Inc., Class C2 | 358,167 | 740,915 | |
Netflix, Inc.2 | 2,152,241 | 1,122,738 | |
Comcast Corp., Class A | 13,850,950 | 749,475 | |
Charter Communications, Inc., Class A2 | 573,127 | 353,631 | |
Electronic Arts Inc. | 1,168,000 | 158,112 | |
Tencent Holdings Ltd.1 | 1,782,100 | 140,495 | |
Walt Disney Company2 | 300,000 | 55,356 | |
Vodafone Group PLC1 | 20,000,000 | 36,396 | |
Activision Blizzard, Inc. | 262,939 | 24,453 | |
5,957,052 | |||
Health care 12.45% | |||
UnitedHealth Group Inc. | 2,609,900 | 971,065 | |
Abbott Laboratories | 7,019,392 | 841,204 | |
Gilead Sciences, Inc. | 7,260,400 | 469,240 | |
Amgen Inc. | 1,538,000 | 382,670 | |
Anthem, Inc. | 463,288 | 166,297 | |
Novo Nordisk A/S, Class B1 | 2,446,056 | 165,187 | |
PRA Health Sciences, Inc.2 | 1,023,500 | 156,933 | |
Thermo Fisher Scientific Inc. | 336,353 | 153,505 | |
Merck & Co., Inc. | 1,968,340 | 151,739 | |
AbbVie Inc. | 1,296,036 | 140,257 | |
Daiichi Sankyo Company, Ltd.1 | 4,176,000 | 122,064 | |
GlaxoSmithKline PLC1 | 6,402,300 | 113,642 | |
Royalty Pharma PLC, Class A | 2,557,706 | 111,567 | |
Medtronic PLC | 860,000 | 101,592 | |
AstraZeneca PLC1 | 563,484 | 56,191 | |
AstraZeneca PLC (ADR) | 721,200 | 35,858 | |
Novartis AG1 | 1,066,059 | 91,066 | |
Chugai Pharmaceutical Co., Ltd.1 | 2,105,700 | 85,697 | |
Baxter International Inc. | 995,800 | 83,986 | |
PerkinElmer, Inc. | 596,500 | 76,525 | |
Edwards Lifesciences Corp.2 | 794,289 | 66,434 | |
Zimmer Biomet Holdings, Inc. | 342,366 | 54,806 | |
Eli Lilly and Company | 248,703 | 46,463 | |
Vertex Pharmaceuticals Inc.2 | 192,000 | 41,259 | |
Ultragenyx Pharmaceutical Inc.2 | 315,000 | 35,866 | |
AmerisourceBergen Corp. | 283,400 | 33,461 | |
Roche Holding AG, nonvoting, non-registered shares1 | 93,081 | 30,087 | |
Seagen Inc.2 | 215,292 | 29,895 | |
Stryker Corp. | 117,135 | 28,532 | |
Allogene Therapeutics, Inc.2 | 800,000 | 28,240 | |
Humana Inc. | 65,300 | 27,377 | |
Karuna Therapeutics, Inc.2 | 215,600 | 25,922 | |
NovoCure Ltd.2 | 193,600 | 25,590 | |
Cigna Corp. | 59,413 | 14,362 | |
Vir Biotechnology, Inc.2 | 258,400 | 13,248 | |
Galapagos NV1,2 | 25,037 | 1,942 | |
4,979,769 |
American Funds Insurance Series — Growth-Income Fund — Page 52 of 240
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Common stocks (continued) Financials 10.51% | Shares | Value (000) | |
JPMorgan Chase & Co. | 4,619,132 | $703,171 | |
Intercontinental Exchange, Inc. | 3,183,555 | 355,540 | |
CME Group Inc., Class A | 1,725,200 | 352,338 | |
PNC Financial Services Group, Inc. | 1,627,036 | 285,398 | |
Aon PLC, Class A | 1,214,800 | 279,538 | |
Marsh & McLennan Companies, Inc. | 2,162,201 | 263,356 | |
Nasdaq, Inc. | 1,609,900 | 237,396 | |
Chubb Ltd. | 1,239,153 | 195,749 | |
State Street Corp. | 1,854,400 | 155,788 | |
S&P Global Inc. | 433,338 | 152,912 | |
Travelers Companies, Inc. | 931,955 | 140,166 | |
BlackRock, Inc. | 180,700 | 136,241 | |
American International Group, Inc. | 2,907,000 | 134,333 | |
Moody’s Corp. | 425,900 | 127,178 | |
KeyCorp | 4,886,953 | 97,641 | |
Discover Financial Services | 1,019,080 | 96,802 | |
Bank of America Corp. | 2,445,755 | 94,626 | |
Arthur J. Gallagher & Co. | 617,000 | 76,983 | |
Power Corp. of Canada, subordinate voting shares3 | 2,625,000 | 68,993 | |
Charles Schwab Corp. | 879,000 | 57,293 | |
Truist Financial Corp. | 870,732 | 50,781 | |
B3 SA - Brasil, Bolsa, Balcao | 5,032,000 | 48,830 | |
Wells Fargo & Company | 981,600 | 38,351 | |
Citizens Financial Group, Inc. | 728,750 | 32,174 | |
UBS Group AG1 | 1,343,666 | 20,804 | |
London Stock Exchange Group PLC1 | 9,800 | 938 | |
4,203,320 | |||
Consumer discretionary 9.27% | |||
Amazon.com, Inc.2 | 362,492 | 1,121,579 | |
General Motors Company | 8,736,000 | 501,971 | |
Home Depot, Inc. | 813,961 | 248,462 | |
Wyndham Hotels & Resorts, Inc. | 3,198,334 | 223,180 | |
Burlington Stores, Inc.2 | 555,458 | 165,971 | |
Hilton Worldwide Holdings Inc.2 | 1,177,320 | 142,361 | |
Royal Caribbean Cruises Ltd. | 1,565,600 | 134,031 | |
Lowe’s Companies, Inc. | 666,000 | 126,660 | |
Dollar Tree Stores, Inc.2 | 1,105,278 | 126,510 | |
Thor Industries, Inc. | 849,600 | 114,475 | |
Booking Holdings Inc.2 | 47,600 | 110,900 | |
MercadoLibre, Inc.2 | 70,000 | 103,050 | |
D.R. Horton, Inc. | 913,000 | 81,367 | |
Chipotle Mexican Grill, Inc.2 | 53,110 | 75,460 | |
Kering SA1 | 101,695 | 70,216 | |
Flutter Entertainment PLC (CDI)1,2 | 301,312 | 64,424 | |
Hasbro, Inc. | 600,000 | 57,672 | |
Wynn Resorts, Ltd. | 440,300 | 55,200 | |
Dollar General Corp. | 223,710 | 45,328 | |
Alibaba Group Holding Ltd.1,2 | 1,400,500 | 39,631 | |
Marriott International, Inc., Class A2 | 250,500 | 37,102 | |
Aptiv PLC2 | 233,000 | 32,131 | |
YUM! Brands, Inc. | 196,630 | 21,271 | |
Airbnb, Inc., Class A2 | 39,731 | 7,467 | |
3,706,419 |
American Funds Insurance Series — Growth-Income Fund — Page 53 of 240
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Common stocks (continued) Industrials 9.14% | Shares | Value (000) | |
Carrier Global Corp. | 7,830,613 | $330,608 | |
CSX Corp. | 2,885,200 | 278,191 | |
Woodward, Inc. | 2,204,500 | 265,929 | |
Northrop Grumman Corp. | 733,200 | 237,293 | |
Meggitt PLC1,2 | 30,279,152 | 199,354 | |
Airbus SE, non-registered shares1,2 | 1,617,590 | 183,217 | |
TransDigm Group Inc.2 | 295,700 | 173,848 | |
Waste Connections, Inc. | 1,516,231 | 163,723 | |
BWX Technologies, Inc. | 2,476,263 | 163,285 | |
Equifax Inc. | 893,208 | 161,787 | |
Union Pacific Corp. | 697,700 | 153,780 | |
Raytheon Technologies Corp. | 1,947,545 | 150,487 | |
Norfolk Southern Corp. | 556,800 | 149,512 | |
Air Lease Corp., Class A | 2,097,300 | 102,768 | |
General Dynamics Corp. | 545,600 | 99,059 | |
Waste Management, Inc. | 767,700 | 99,049 | |
Old Dominion Freight Line, Inc. | 405,000 | 97,366 | |
General Electric Co. | 7,022,250 | 92,202 | |
L3Harris Technologies, Inc. | 446,960 | 90,590 | |
Lockheed Martin Corp. | 230,000 | 84,985 | |
Fortive Corp. | 1,085,000 | 76,644 | |
Safran SA1,2 | 539,713 | 73,472 | |
Ryanair Holdings PLC (ADR)2 | 445,550 | 51,238 | |
Ryanair Holdings PLC1,2 | 611,907 | 11,865 | |
Honeywell International Inc. | 211,376 | 45,883 | |
Otis Worldwide Corp. | 555,100 | 37,996 | |
Fastenal Co. | 635,000 | 31,928 | |
Cummins Inc. | 100,000 | 25,911 | |
Caterpillar Inc. | 101,600 | 23,558 | |
3,655,528 | |||
Consumer staples 4.89% | |||
Philip Morris International Inc. | 5,342,126 | 474,060 | |
Keurig Dr Pepper Inc. | 10,220,935 | 351,294 | |
British American Tobacco PLC1 | 5,661,655 | 216,553 | |
Lamb Weston Holdings, Inc. | 1,506,566 | 116,729 | |
Reckitt Benckiser Group PLC1 | 1,275,000 | 114,228 | |
Costco Wholesale Corp. | 289,500 | 102,043 | |
Mondelez International, Inc. | 1,676,300 | 98,114 | |
Nestlé SA1 | 851,589 | 94,914 | |
Anheuser-Busch InBev SA/NV1 | 1,358,211 | 85,629 | |
Molson Coors Beverage Company, Class B, restricted voting shares | 1,620,313 | 82,879 | |
Clorox Co. | 255,000 | 49,184 | |
Herbalife Nutrition Ltd.2 | 849,000 | 37,662 | |
Church & Dwight Co., Inc. | 424,500 | 37,080 | |
General Mills, Inc. | 428,800 | 26,294 | |
Constellation Brands, Inc., Class A | 100,700 | 22,960 | |
Kraft Heinz Company | 567,200 | 22,688 | |
Pernod Ricard SA1 | 117,200 | 22,001 | |
1,954,312 | |||
Materials 4.51% | |||
LyondellBasell Industries NV | 2,453,100 | 255,245 | |
Linde PLC | 848,539 | 237,710 | |
Vale SA, ordinary nominative (ADR) | 9,206,039 | 160,001 |
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Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Vale SA, ordinary nominative | 3,404,848 | $59,263 | |
Celanese Corp. | 1,250,900 | 187,397 | |
Air Products and Chemicals, Inc. | 602,306 | 169,453 | |
Dow Inc. | 2,550,000 | 163,047 | |
International Flavors & Fragrances Inc. | 1,075,001 | 150,081 | |
Sherwin-Williams Company | 162,500 | 119,927 | |
Freeport-McMoRan Inc. | 2,433,000 | 80,119 | |
Rio Tinto PLC1 | 1,020,655 | 78,082 | |
Barrick Gold Corp. | 2,373,000 | 46,985 | |
PPG Industries, Inc. | 295,550 | 44,409 | |
Asahi Kasei Corp.1 | 2,392,300 | 27,544 | |
Allegheny Technologies Inc.2 | 1,082,000 | 22,787 | |
1,802,050 | |||
Energy 3.05% | |||
Canadian Natural Resources, Ltd. (CAD denominated) | 7,948,000 | 245,707 | |
EOG Resources, Inc. | 3,255,400 | 236,114 | |
Chevron Corp. | 2,127,065 | 222,895 | |
ConocoPhillips | 3,260,390 | 172,703 | |
Baker Hughes Co., Class A | 4,312,424 | 93,191 | |
Enbridge Inc. (CAD denominated) | 1,961,717 | 71,463 | |
Equitrans Midstream Corp. | 8,547,400 | 69,747 | |
TC Energy Corp. (CAD denominated)3 | 1,168,019 | 53,545 | |
Exxon Mobil Corp. | 500,000 | 27,915 | |
Royal Dutch Shell PLC, Class B (ADR) | 644,000 | 23,718 | |
Weatherford International2 | 128,424 | 1,636 | |
1,218,634 | |||
Real estate 2.73% | |||
Equinix, Inc. REIT | 541,418 | 367,942 | |
Crown Castle International Corp. REIT | 1,561,966 | 268,861 | |
MGM Growth Properties LLC REIT, Class A | 3,996,000 | 130,350 | |
Digital Realty Trust, Inc. REIT | 785,000 | 110,559 | |
VICI Properties Inc. REIT | 2,887,318 | 81,538 | |
American Tower Corp. REIT | 317,800 | 75,973 | |
SBA Communications Corp. REIT | 210,000 | 58,286 | |
1,093,509 | |||
Utilities 2.63% | |||
Enel SpA1 | 23,794,069 | 237,739 | |
AES Corp. | 5,203,200 | 139,498 | |
Endesa, SA1 | 4,183,106 | 110,783 | |
Sempra Energy | 750,000 | 99,435 | |
PG&E Corp.2 | 7,668,269 | 89,795 | |
Exelon Corp. | 1,576,100 | 68,939 | |
Edison International | 1,172,800 | 68,726 | |
CenterPoint Energy, Inc. | 2,840,104 | 64,328 | |
American Electric Power Company, Inc. | 660,600 | 55,953 | |
CMS Energy Corp. | 692,700 | 42,407 | |
Xcel Energy Inc. | 423,300 | 28,154 | |
Entergy Corp. | 274,900 | 27,344 | |
DTE Energy Company | 125,900 | 16,762 | |
1,049,863 | |||
Total common stocks (cost: $22,307,629,000) | 37,924,035 |
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Convertible stocks 0.95% Health care 0.56% | Shares | Value (000) | |
Danaher Corp., Series A, cumulative convertible preferred shares, 4.75% 2022 | 78,600 | $120,267 | |
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 20233 | 80,972 | 104,875 | |
225,142 | |||
Information technology 0.38% | |||
Broadcom Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 102,783 | 151,552 | |
Industrials 0.01% | |||
Stanley Black & Decker, Inc., convertible preferred shares, 5.25% 2022 | 35,448 | 4,182 | |
Consumer discretionary 0.00% | |||
Aptiv PLC, Series A, convertible preferred shares, 5.50% 2023 | 675 | 107 | |
Total convertible stocks (cost: $299,540,000) | 380,983 | ||
Bonds, notes & other debt instruments 0.03% Corporate bonds, notes & loans 0.03% Energy 0.02% | Principal amount (000) | ||
Weatherford International PLC 8.75% 20244 | $ 1,983 | 2,078 | |
Weatherford International PLC 11.00% 20244 | 5,280 | 5,078 | |
7,156 | |||
Industrials 0.01% | |||
Boeing Company 4.875% 2025 | 4,706 | 5,244 | |
Consumer discretionary 0.00% | |||
General Motors Financial Co. 4.30% 2025 | 160 | 176 | |
General Motors Financial Co. 5.25% 2026 | 827 | 948 | |
1,124 | |||
Total corporate bonds, notes & loans | 13,524 | ||
Total bonds, notes & other debt instruments (cost: $12,677,000) | 13,524 | ||
Short-term securities 4.92% Money market investments 4.65% | Shares | ||
Capital Group Central Cash Fund 0.08%5,6 | 18,582,144 | 1,858,400 | |
Money market investments purchased from securities lending collateral 0.27% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%5,7 | 86,877,615 | 86,878 | |
Capital Group Central Cash Fund 0.08%5,6,7 | 187,727 | 21,209 | |
108,087 | |||
Total short-term securities (cost: $1,966,311,000) | 1,966,487 | ||
Total investment securities 100.75% (cost: $24,586,157,000) | 40,285,029 | ||
Other assets less liabilities (0.75)% | (301,202) | ||
Net assets 100.00% | $39,983,827 |
American Funds Insurance Series — Growth-Income Fund — Page 56 of 240
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Investments in affiliates6
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 4.70% | |||||||
Money market investments 4.65% | |||||||
Capital Group Central Cash Fund 0.08%5 | $1,005,764 | $2,828,051 | $1,975,415 | $29 | $(29) | $1,858,400 | $309 |
Money market investments purchased from securities lending collateral 0.05% | |||||||
Capital Group Central Cash Fund 0.08%5,7 | — | —8 | —8 | —8 | —8 | 21,209 | —8 |
Total short-term securities | 1,879,609 | ||||||
Total 4.70% | $29 | $(29) | $1,879,609 | $309 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,940,350,000, which represented 7.35% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $114,867,000, which represented .29% of the net assets of the fund. |
4 | Acquired in a transaction exempt from registration under Rule 144A 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 $7,156,000, which represented .02% of the net assets of the fund. |
5 | Rate represents the seven-day yield at 3/31/2021. |
6 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
7 | Security purchased with cash collateral from securities on loan. |
8 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
American Funds Insurance Series — Growth-Income Fund — Page 57 of 240
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Common stocks 92.06% Financials 17.96% | Shares | Value (000) | |
HDFC Bank Ltd.1,2 | 2,457,600 | $50,014 | |
ING Groep NV1 | 2,789,300 | 34,230 | |
AIA Group Ltd.1 | 2,338,600 | 28,450 | |
Zurich Insurance Group AG1 | 54,100 | 23,070 | |
DNB ASA1 | 825,000 | 17,564 | |
Sberbank of Russia PJSC (ADR)1 | 999,000 | 15,396 | |
IndusInd Bank Ltd.1,2 | 1,105,000 | 14,484 | |
Moscow Exchange MICEX-RTS PJSC1 | 5,665,000 | 13,018 | |
B3 SA - Brasil, Bolsa, Balcao | 1,302,000 | 12,635 | |
DBS Group Holdings Ltd.1 | 558,000 | 12,037 | |
Aegon NV1 | 2,483,308 | 11,779 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 945,000 | 11,286 | |
PICC Property and Casualty Co. Ltd., Class H1 | 7,905,000 | 6,871 | |
Great-West Lifeco Inc. (CAD denominated) | 248,102 | 6,602 | |
257,436 | |||
Consumer discretionary 14.08% | |||
Prosus NV1 | 345,500 | 38,520 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 48,000 | 31,987 | |
Sony Group Corp.1 | 265,900 | 27,994 | |
Taylor Wimpey PLC1 | 10,317,400 | 25,678 | |
Naspers Ltd., Class N1 | 95,400 | 22,878 | |
Kering SA1 | 29,000 | 20,024 | |
Flutter Entertainment PLC (CDI)1,2 | 73,000 | 15,608 | |
Galaxy Entertainment Group Ltd.1,2 | 1,345,000 | 12,165 | |
Alibaba Group Holding Ltd.1,2 | 246,700 | 6,981 | |
201,835 | |||
Industrials 9.99% | |||
Airbus SE, non-registered shares1,2 | 246,912 | 27,967 | |
Ryanair Holdings PLC (ADR)2 | 179,000 | 20,585 | |
Shanghai International Airport Co., Ltd., Class A1 | 2,012,496 | 17,799 | |
Singapore Technologies Engineering Ltd.1 | 5,270,000 | 15,304 | |
Komatsu Ltd.1 | 445,000 | 13,748 | |
Recruit Holdings Co., Ltd.1 | 258,700 | 12,695 | |
Airports of Thailand PCL, foreign registered1 | 5,250,000 | 11,622 | |
LIXIL Corp.1 | 385,000 | 10,729 | |
Aena SME, SA, non-registered shares1,2 | 52,450 | 8,509 | |
GT Capital Holdings, Inc.1 | 398,142 | 4,278 | |
143,236 | |||
Health care 9.07% | |||
Daiichi Sankyo Company, Ltd.1 | 1,359,000 | 39,723 | |
Richter Gedeon Nyrt.1 | 642,232 | 18,958 | |
Fresenius SE & Co. KGaA1 | 283,701 | 12,637 | |
Aier Eye Hospital Group Co., Ltd., Class A1 | 1,293,855 | 11,738 |
American Funds Insurance Series — International Growth and Income Fund — Page 58 of 240
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
HOYA Corp.1 | 85,000 | $10,011 | |
Novartis AG1 | 113,564 | 9,701 | |
Chugai Pharmaceutical Co., Ltd.1 | 228,900 | 9,316 | |
Teva Pharmaceutical Industries Ltd. (ADR)2 | 662,000 | 7,639 | |
GlaxoSmithKline PLC1 | 386,500 | 6,860 | |
Alcon Inc.1,2 | 48,672 | 3,408 | |
NMC Health PLC1,2,3 | 304,610 | 4 | |
129,995 | |||
Communication services 8.87% | |||
SoftBank Corp.1 | 4,691,700 | 61,058 | |
Yandex NV, Class A2 | 470,000 | 30,108 | |
Rightmove PLC1 | 1,290,000 | 10,355 | |
Tencent Holdings Ltd.1 | 116,400 | 9,177 | |
SoftBank Group Corp.1 | 106,600 | 9,038 | |
Bilibili Inc., Class Z (ADR)2 | 69,200 | 7,409 | |
127,145 | |||
Materials 7.70% | |||
Vale SA, ordinary nominative | 1,712,500 | 29,807 | |
Vale SA, ordinary nominative (ADR) | 424,300 | 7,374 | |
Rio Tinto PLC1 | 455,900 | 34,877 | |
Linde PLC | 53,000 | 14,848 | |
Air Liquide SA, non-registered shares1 | 79,200 | 12,940 | |
Akzo Nobel NV1 | 93,955 | 10,500 | |
110,346 | |||
Information technology 7.40% | |||
ASML Holding NV1 | 47,800 | 29,155 | |
Avast PLC1 | 3,804,000 | 23,918 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 1,010,000 | 21,001 | |
Nice Ltd. (ADR) | 73,400 | 15,999 | |
SUMCO Corp.1 | 692,000 | 15,987 | |
106,060 | |||
Consumer staples 6.87% | |||
Imperial Brands PLC1 | 2,228,016 | 45,838 | |
Treasury Wine Estates Ltd.1 | 2,607,742 | 20,547 | |
Philip Morris International Inc. | 140,000 | 12,424 | |
British American Tobacco PLC1 | 216,802 | 8,293 | |
Pernod Ricard SA1 | 39,400 | 7,396 | |
Kirin Holdings Company, Ltd.1 | 209,500 | 4,017 | |
98,515 | |||
Utilities 4.97% | |||
ENN Energy Holdings Ltd.1 | 1,358,000 | 21,815 | |
Enel SpA1 | 1,522,000 | 15,207 | |
Ørsted AS1 | 63,707 | 10,307 | |
E.ON SE1 | 802,000 | 9,332 | |
Iberdrola, S.A., non-registered shares1,2 | 632,578 | 8,156 | |
SSE PLC1 | 325,350 | 6,528 | |
71,345 |
American Funds Insurance Series — International Growth and Income Fund — Page 59 of 240
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Common stocks (continued) Energy 3.31% | Shares | Value (000) | |
Royal Dutch Shell PLC, Class A (GBP denominated)1 | 792,000 | $15,419 | |
Royal Dutch Shell PLC, Class B1 | 482,000 | 8,865 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 272,500 | 8,424 | |
Canadian Natural Resources, Ltd. | 92,000 | 2,840 | |
Cenovus Energy Inc. | 935,000 | 7,023 | |
Total SE1 | 104,750 | 4,879 | |
47,450 | |||
Real estate 1.84% | |||
China Resources Mixc Lifestyle Services Ltd.1,2 | 2,193,461 | 13,150 | |
Sun Hung Kai Properties Ltd.1 | 747,000 | 11,331 | |
CK Asset Holdings Ltd.1 | 323,500 | 1,967 | |
26,448 | |||
Total common stocks (cost: $957,840,000) | 1,319,811 | ||
Preferred securities 2.34% Energy 1.32% | |||
Petróleo Brasileiro SA (Petrobras), preferred nominative (ADR) | 1,182,200 | 10,096 | |
Petróleo Brasileiro SA (Petrobras), preferred nominative | 2,062,500 | 8,831 | |
18,927 | |||
Consumer discretionary 1.02% | |||
Volkswagen AG, nonvoting preferred shares1 | 51,993 | 14,530 | |
Total preferred securities (cost: $26,784,000) | 33,457 | ||
Rights & warrants 0.55% Health care 0.55% | |||
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20211,2,4 | 873,099 | 7,921 | |
Total rights & warrants (cost: $5,294,000) | 7,921 | ||
Bonds, notes & other debt instruments 0.57% Bonds & notes of governments & government agencies outside the U.S. 0.29% | Principal amount (000) | ||
Brazil (Federative Republic of) 10.00% 2025 | BRL22,000 | 4,125 | |
Corporate bonds, notes & loans 0.28% Health care 0.28% | |||
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | $1,060 | 1,015 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 1,160 | 1,021 | |
Valeant Pharmaceuticals International, Inc. 6.125% 20254 | 1,865 | 1,914 | |
Total corporate bonds, notes & loans | 3,950 | ||
Total bonds, notes & other debt instruments (cost: $9,591,000) | 8,075 |
American Funds Insurance Series — International Growth and Income Fund — Page 60 of 240
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Short-term securities 3.75% Money market investments 3.75% | Shares | Value (000) | |
Capital Group Central Cash Fund 0.08%5,6 | 537,858 | $53,791 | |
Total short-term securities (cost: $53,786,000) | 53,791 | ||
Total investment securities 99.27% (cost: $1,053,295,000) | 1,423,055 | ||
Other assets less liabilities 0.73% | 10,535 | ||
Net assets 100.00% | $1,433,590 |
Investments in affiliates6
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliate at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 3.75% | |||||||
Money market investments 3.75% | |||||||
Capital Group Central Cash Fund 0.08%5 | $31,755 | $125,279 | $103,243 | $1 | $(1) | $53,791 | $9 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $1,158,545,000, which represented 80.81% of the net assets of the fund. This amount includes $1,150,620,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | Value determined using significant unobservable inputs. |
4 | Acquired in a transaction exempt from registration under Rule 144A 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 $9,835,000, which represented .69% of the net assets of the fund. |
5 | Rate represents the seven-day yield at 3/31/2021. |
6 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
Key to abbreviations | |
ADR = American Depositary Receipts | |
BRL = Brazilian reais | |
CAD = Canadian dollars | |
CDI = CREST Depository Interest | |
GBP = British pounds |
American Funds Insurance Series — International Growth and Income Fund — Page 61 of 240
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Common stocks 76.00% Financials 15.76% | Shares | Value (000) | |
JPMorgan Chase & Co. | 109,800 | $16,715 | |
Zurich Insurance Group AG1 | 38,386 | 16,369 | |
Toronto-Dominion Bank (CAD denominated) | 218,035 | 14,220 | |
Münchener Rückversicherungs-Gesellschaft AG1 | 41,500 | 12,782 | |
PNC Financial Services Group, Inc. | 52,876 | 9,275 | |
CME Group Inc., Class A | 38,618 | 7,887 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 499,000 | 5,959 | |
Ping An Insurance (Group) Company of China, Ltd., Class A1 | 67,300 | 810 | |
DBS Group Holdings Ltd.1 | 290,926 | 6,276 | |
DNB ASA1 | 281,524 | 5,994 | |
Principal Financial Group, Inc. | 91,912 | 5,511 | |
Power Corp. of Canada, subordinate voting shares2 | 205,229 | 5,394 | |
American International Group, Inc. | 115,299 | 5,328 | |
Great-West Lifeco Inc. (CAD denominated) | 179,325 | 4,772 | |
Truist Financial Corp. | 78,160 | 4,558 | |
Intesa Sanpaolo SpA1,3 | 1,660,289 | 4,513 | |
Hong Kong Exchanges and Clearing Ltd.1 | 76,200 | 4,506 | |
Citigroup Inc. | 53,623 | 3,901 | |
KeyCorp | 161,320 | 3,223 | |
Kaspi.kz JSC1,4 | 42,503 | 3,018 | |
Kaspi.kz JSC (GDR)1 | 1,023 | 72 | |
Tryg A/S1,2 | 119,631 | 2,823 | |
AIA Group Ltd.1 | 211,800 | 2,577 | |
PICC Property and Casualty Co. Ltd., Class H1 | 2,698,000 | 2,345 | |
China Pacific Insurance (Group) Co., Ltd., Class H1 | 580,600 | 2,287 | |
Citizens Financial Group, Inc. | 47,790 | 2,110 | |
Moscow Exchange MICEX-RTS PJSC1 | 895,758 | 2,058 | |
Travelers Companies, Inc. | 13,530 | 2,035 | |
Royal Bank of Canada | 21,425 | 1,975 | |
East West Bancorp, Inc. | 25,132 | 1,855 | |
B3 SA - Brasil, Bolsa, Balcao | 184,077 | 1,786 | |
Sberbank of Russia PJSC (ADR)1 | 105,489 | 1,626 | |
U.S. Bancorp | 28,960 | 1,602 | |
State Street Corp. | 17,680 | 1,485 | |
National Bank of Canada | 21,800 | 1,481 | |
Swedbank AB, Class A1 | 82,968 | 1,460 | |
Franklin Resources, Inc. | 43,636 | 1,292 | |
UBS Group AG1 | 74,179 | 1,148 | |
BNP Paribas SA1,3 | 17,613 | 1,070 | |
BOC Hong Kong (Holdings) Ltd.1 | 283,000 | 987 | |
ING Groep NV1 | 73,221 | 899 | |
Everest Re Group, Ltd. | 3,591 | 890 | |
China Merchants Bank Co., Ltd., Class H1 | 96,000 | 735 | |
Discover Financial Services | 7,514 | 714 | |
BlackRock, Inc. | 936 | 706 | |
Banco Santander, SA1 | 191,802 | 652 |
American Funds Insurance Series — Capital Income Builder — Page 62 of 240
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Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Morgan Stanley | 8,043 | $625 | |
Marsh & McLennan Companies, Inc. | 5,080 | 619 | |
EFG International AG1 | 52,734 | 403 | |
Wells Fargo & Company | 9,632 | 376 | |
Euronext NV1 | 3,260 | 328 | |
The Blackstone Group Inc. | 2,897 | 216 | |
South State Corp. | 2,457 | 193 | |
Cullen/Frost Bankers, Inc. | 1,554 | 169 | |
TISCO Financial Group PCL, foreign registered1 | 31,200 | 97 | |
IIFL Wealth Management Ltd.1 | 5,562 | 94 | |
182,801 | |||
Information technology 9.16% | |||
Broadcom Inc. | 85,371 | 39,583 | |
Microsoft Corp. | 86,493 | 20,392 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 623,800 | 12,971 | |
Intel Corp. | 100,393 | 6,425 | |
Globalwafers Co., Ltd.1 | 159,000 | 4,228 | |
NetApp, Inc. | 52,602 | 3,823 | |
Vanguard International Semiconductor Corp.1 | 886,700 | 3,387 | |
KLA Corp. | 8,481 | 2,802 | |
Paychex, Inc. | 22,764 | 2,231 | |
Texas Instruments Inc. | 10,939 | 2,067 | |
International Business Machines Corp. | 12,586 | 1,677 | |
QUALCOMM Inc. | 11,668 | 1,547 | |
Apple Inc. | 9,315 | 1,138 | |
Tokyo Electron Ltd.1 | 2,400 | 1,028 | |
Automatic Data Processing, Inc. | 5,322 | 1,003 | |
Western Union Company | 36,887 | 910 | |
Tripod Technology Corp.1 | 129,000 | 637 | |
BE Semiconductor Industries NV1 | 2,782 | 234 | |
FDM Group (Holdings) PLC1 | 12,804 | 178 | |
106,261 | |||
Consumer staples 8.73% | |||
Philip Morris International Inc. | 316,751 | 28,108 | |
British American Tobacco PLC1 | 389,449 | 14,896 | |
Altria Group, Inc. | 144,934 | 7,415 | |
General Mills, Inc. | 111,753 | 6,853 | |
Nestlé SA1 | 60,213 | 6,711 | |
Coca-Cola Company | 90,377 | 4,764 | |
Unilever PLC (GBP denominated)1 | 81,388 | 4,542 | |
Carlsberg A/S, Class B1 | 25,287 | 3,889 | |
Imperial Brands PLC1 | 186,372 | 3,834 | |
Danone SA1 | 48,577 | 3,333 | |
ITC Ltd.1 | 889,980 | 2,663 | |
PepsiCo, Inc. | 17,422 | 2,464 | |
Keurig Dr Pepper Inc. | 66,633 | 2,290 | |
Kraft Heinz Company | 55,856 | 2,234 | |
Anheuser-Busch InBev SA/NV1 | 26,467 | 1,669 | |
Kimberly-Clark Corp. | 10,979 | 1,527 | |
Vector Group Ltd. | 73,154 | 1,021 | |
Procter & Gamble Company | 6,713 | 909 | |
Reckitt Benckiser Group PLC1 | 9,824 | 880 | |
Kirin Holdings Company, Ltd.1 | 35,000 | 671 |
American Funds Insurance Series — Capital Income Builder — Page 63 of 240
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Common stocks (continued) Consumer staples (continued) | Shares | Value (000) | |
Viscofan, SA, non-registered shares1 | 3,188 | $220 | |
Scandinavian Tobacco Group A/S1,3 | 10,317 | 198 | |
Hilton Food Group PLC1 | 9,039 | 134 | |
101,225 | |||
Health care 8.02% | |||
Amgen Inc. | 101,449 | 25,242 | |
Gilead Sciences, Inc. | 263,789 | 17,049 | |
AbbVie Inc. | 103,390 | 11,189 | |
GlaxoSmithKline PLC1 | 617,477 | 10,960 | |
Novartis AG1 | 92,756 | 7,923 | |
AstraZeneca PLC1 | 43,089 | 4,297 | |
Merck & Co., Inc. | 40,471 | 3,120 | |
Abbott Laboratories | 23,690 | 2,839 | |
UnitedHealth Group Inc. | 7,472 | 2,780 | |
Roche Holding AG, nonvoting, non-registered shares1 | 7,763 | 2,509 | |
Medtronic PLC | 19,962 | 2,358 | |
Royalty Pharma PLC, Class A | 34,642 | 1,511 | |
Eli Lilly and Company | 6,627 | 1,238 | |
93,015 | |||
Real estate 6.83% | |||
Crown Castle International Corp. REIT | 158,127 | 27,218 | |
VICI Properties Inc. REIT | 355,776 | 10,047 | |
Digital Realty Trust, Inc. REIT | 56,022 | 7,890 | |
Gaming and Leisure Properties, Inc. REIT | 125,718 | 5,334 | |
Link Real Estate Investment Trust REIT1 | 538,018 | 4,905 | |
Federal Realty Investment Trust REIT | 30,457 | 3,090 | |
CK Asset Holdings Ltd.1 | 473,000 | 2,875 | |
MGM Growth Properties LLC REIT, Class A | 74,953 | 2,445 | |
Longfor Group Holdings Ltd.1 | 358,000 | 2,384 | |
TAG Immobilien AG1 | 64,561 | 1,843 | |
Charter Hall Group REIT1 | 164,662 | 1,612 | |
Equinix, Inc. REIT | 2,188 | 1,487 | |
Embassy Office Parks REIT1 | 235,400 | 1,049 | |
American Tower Corp. REIT | 4,336 | 1,037 | |
Americold Realty Trust REIT | 24,738 | 952 | |
Sun Hung Kai Properties Ltd.1 | 61,755 | 937 | |
Mindspace Business Parks REIT1 | 226,200 | 913 | |
CTP NV1,3 | 48,190 | 853 | |
Kimco Realty Corp. REIT | 40,755 | 764 | |
China Resources Land Ltd.1 | 150,000 | 727 | |
Alexandria Real Estate Equities, Inc. REIT | 2,548 | 419 | |
AvalonBay Communities, Inc. REIT | 1,264 | 233 | |
PSP Swiss Property AG1 | 1,509 | 184 | |
79,198 | |||
Utilities 6.80% | |||
Enel SpA1 | 1,172,149 | 11,712 | |
Iberdrola, S.A., non-registered shares1,3 | 836,361 | 10,783 | |
DTE Energy Company | 66,187 | 8,812 | |
E.ON SE1 | 685,291 | 7,974 | |
Power Grid Corp. of India Ltd.1 | 1,786,643 | 5,276 | |
Duke Energy Corp. | 50,319 | 4,857 | |
Dominion Energy, Inc. | 60,059 | 4,562 |
American Funds Insurance Series — Capital Income Builder — Page 64 of 240
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Common stocks (continued) Utilities (continued) | Shares | Value (000) | |
Southern Co. | 58,234 | $3,620 | |
Engie SA1,3 | 170,460 | 2,420 | |
Exelon Corp. | 50,459 | 2,207 | |
SSE PLC1 | 102,408 | 2,055 | |
China Gas Holdings Ltd.1 | 491,400 | 2,013 | |
AES Corp. | 69,520 | 1,864 | |
Endesa, SA1 | 69,095 | 1,830 | |
Entergy Corp. | 15,848 | 1,576 | |
National Grid PLC1 | 116,379 | 1,388 | |
Public Service Enterprise Group Inc. | 21,289 | 1,282 | |
Sempra Energy | 7,921 | 1,050 | |
Power Assets Holdings Ltd.1 | 98,500 | 582 | |
Keppel Infrastructure Trust1 | 1,419,336 | 581 | |
Edison International | 9,898 | 580 | |
Centrica PLC1,3 | 697,348 | 521 | |
Infratil Ltd.1 | 85,084 | 424 | |
Ratch Group PCL, foreign registered1 | 239,000 | 392 | |
Guangdong Investment Ltd.1 | 222,000 | 362 | |
NextEra Energy, Inc. | 1,367 | 103 | |
78,826 | |||
Energy 5.23% | |||
Chevron Corp. | 123,269 | 12,917 | |
TC Energy Corp. (CAD denominated)2 | 170,630 | 7,822 | |
TC Energy Corp. | 51,240 | 2,344 | |
Enbridge Inc. (CAD denominated) | 214,138 | 7,801 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 222,936 | 6,892 | |
EOG Resources, Inc. | 55,275 | 4,009 | |
Royal Dutch Shell PLC, Class B1 | 174,390 | 3,208 | |
Royal Dutch Shell PLC, Class B (ADR) | 8,064 | 297 | |
ConocoPhillips | 65,859 | 3,489 | |
Total SE1 | 74,034 | 3,448 | |
Gazprom PJSC (ADR)1 | 539,074 | 3,216 | |
BP PLC1 | 405,932 | 1,647 | |
Equitrans Midstream Corp. | 184,496 | 1,505 | |
Schlumberger Ltd. | 34,838 | 947 | |
Exxon Mobil Corp. | 14,232 | 795 | |
Petronet LNG Ltd.1 | 109,413 | 337 | |
60,674 | |||
Materials 4.66% | |||
Vale SA, ordinary nominative (ADR) | 529,340 | 9,200 | |
Vale SA, ordinary nominative | 230,947 | 4,020 | |
Rio Tinto PLC1 | 114,439 | 8,755 | |
BHP Group PLC1 | 254,207 | 7,339 | |
LyondellBasell Industries NV | 52,036 | 5,414 | |
Dow Inc. | 65,320 | 4,177 | |
Fortescue Metals Group Ltd.1 | 161,540 | 2,466 | |
Air Products and Chemicals, Inc. | 7,754 | 2,181 | |
Evonik Industries AG1 | 58,896 | 2,083 | |
Asahi Kasei Corp.1 | 163,400 | 1,881 | |
BASF SE1 | 20,163 | 1,675 | |
Nutrien Ltd. | 24,835 | 1,338 | |
Linde PLC | 4,763 | 1,334 | |
Celanese Corp. | 6,820 | 1,022 |
American Funds Insurance Series — Capital Income Builder — Page 65 of 240
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Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Nexa Resources SA2 | 49,159 | $504 | |
WestRock Co. | 7,219 | 376 | |
Amcor PLC (CDI)1 | 21,779 | 255 | |
54,020 | |||
Communication services 4.59% | |||
Comcast Corp., Class A | 208,140 | 11,262 | |
SoftBank Corp.1 | 779,300 | 10,142 | |
BCE Inc. | 147,775 | 6,671 | |
Verizon Communications Inc. | 96,572 | 5,616 | |
Koninklijke KPN NV1 | 1,295,873 | 4,406 | |
HKT Trust and HKT Ltd., units1 | 2,516,240 | 3,591 | |
TELUS Corp. | 113,336 | 2,257 | |
Indus Towers Ltd.1 | 566,541 | 1,906 | |
Nippon Telegraph and Telephone Corp.1 | 69,500 | 1,789 | |
Vodafone Group PLC1 | 740,304 | 1,347 | |
ITV PLC1,3 | 566,216 | 938 | |
HKBN Ltd.1 | 598,000 | 871 | |
ProSiebenSat.1 Media SE1,3 | 38,716 | 792 | |
Omnicom Group Inc. | 10,004 | 742 | |
WPP PLC1 | 32,029 | 406 | |
Zegona Communications PLC1 | 152,431 | 283 | |
Sanoma Oyj1 | 10,670 | 179 | |
53,198 | |||
Industrials 4.02% | |||
Raytheon Technologies Corp. | 144,699 | 11,181 | |
VINCI SA1 | 38,230 | 3,918 | |
BOC Aviation Ltd.1 | 382,800 | 3,715 | |
Singapore Technologies Engineering Ltd.1 | 1,076,100 | 3,125 | |
Lockheed Martin Corp. | 7,491 | 2,768 | |
RELX PLC1 | 95,342 | 2,392 | |
Trinity Industries, Inc. | 82,443 | 2,349 | |
Waste Management, Inc. | 14,966 | 1,931 | |
ABB Ltd.1 | 60,968 | 1,854 | |
Caterpillar Inc. | 7,157 | 1,659 | |
Deutsche Post AG1 | 28,900 | 1,583 | |
Union Pacific Corp. | 6,795 | 1,498 | |
Stanley Black & Decker, Inc. | 5,661 | 1,130 | |
Cummins Inc. | 4,307 | 1,116 | |
Cía. de Distribución Integral Logista Holdings, SA, non-registered shares1 | 53,931 | 1,069 | |
BAE Systems PLC1 | 145,990 | 1,016 | |
CCR SA, ordinary nominative | 407,777 | 936 | |
United Parcel Service, Inc., Class B | 4,826 | 820 | |
ALD SA1 | 52,301 | 766 | |
General Dynamics Corp. | 2,392 | 434 | |
Melrose Industries PLC1,3 | 133,248 | 307 | |
Honeywell International Inc. | 1,235 | 268 | |
Norfolk Southern Corp. | 915 | 246 | |
L3Harris Technologies, Inc. | 1,186 | 240 | |
Enav SpA1 | 41,011 | 200 | |
Atlas Corp. | 11,760 | 161 | |
46,682 |
American Funds Insurance Series — Capital Income Builder — Page 66 of 240
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Common stocks (continued) Consumer discretionary 2.20% | Shares | Value (000) | |
Home Depot, Inc. | 15,407 | $4,703 | |
McDonald’s Corp. | 12,641 | 2,833 | |
Kering SA1 | 3,660 | 2,527 | |
Starbucks Corp. | 22,402 | 2,448 | |
Taylor Wimpey PLC1 | 756,403 | 1,883 | |
Hasbro, Inc. | 18,273 | 1,756 | |
Cie. Financière Richemont SA, Class A1 | 17,432 | 1,674 | |
Industria de Diseño Textil, SA1 | 49,846 | 1,643 | |
YUM! Brands, Inc. | 10,028 | 1,085 | |
Gree Electric Appliances, Inc. of Zhuhai, Class A1 | 113,238 | 1,084 | |
VF Corp. | 11,046 | 883 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 1,324 | 882 | |
Sands China Ltd.1 | 166,400 | 834 | |
Darden Restaurants, Inc. | 3,487 | 495 | |
SAIC Motor Corp. Ltd., Class A1 | 145,918 | 438 | |
Dustin Group AB1 | 14,046 | 144 | |
Inchcape PLC1 | 12,146 | 126 | |
Thule Group AB1 | 2,169 | 94 | |
25,532 | |||
Total common stocks (cost: $697,580,000) | 881,432 | ||
Preferred securities 0.22% Information technology 0.22% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 39,230 | 2,538 | |
Total preferred securities (cost: $1,746,000) | 2,538 | ||
Rights & warrants 0.00% Consumer discretionary 0.00% | |||
Cie. Financière Richemont SA, Class A, warrants, expire 20232,3 | 7,130 | 3 | |
Total rights & warrants (cost: $0) | 3 | ||
Convertible stocks 1.03% Utilities 0.40% | |||
NextEra Energy, Inc., convertible preferred units, 4.872% 2022 | 29,485 | 1,693 | |
American Electric Power Company, Inc., convertible preferred units, 6.125% 2023 | 15,148 | 740 | |
American Electric Power Company, Inc., convertible preferred shares, 6.125% 2022 | 6,400 | 309 | |
AES Corp., convertible preferred units, 6.875% 2024 | 9,600 | 992 | |
Dominion Energy, Inc., Series A, convertible preferred shares, 7.25% 2022 | 9,000 | 889 | |
4,623 | |||
Information technology 0.31% | |||
Broadcom Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 2,419 | 3,567 | |
Health care 0.19% | |||
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 20232 | 1,745 | 2,260 |
American Funds Insurance Series — Capital Income Builder — Page 67 of 240
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Convertible stocks (continued) Industrials 0.10% | Shares | Value (000) | |
Stanley Black & Decker, Inc., convertible preferred shares, 5.25% 2022 | 10,100 | $1,192 | |
Consumer discretionary 0.03% | |||
Aptiv PLC, Series A, convertible preferred shares, 5.50% 2023 | 1,948 | 307 | |
Total convertible stocks (cost: $9,670,000) | 11,949 | ||
Convertible bonds & notes 0.05% Consumer discretionary 0.05% | Principal amount (000) | ||
Royal Caribbean Cruises Ltd., convertible notes, 4.25% 20234 | $ 392 | 553 | |
Total convertible bonds & notes (cost: $395,000) | 553 | ||
Bonds, notes & other debt instruments 17.24% U.S. Treasury bonds & notes 8.20% U.S. Treasury 7.27% | |||
U.S. Treasury 0.125% 2022 | 19,000 | 19,010 | |
U.S. Treasury 0.125% 2022 | 5,850 | 5,852 | |
U.S. Treasury 0.125% 2022 | 5,425 | 5,426 | |
U.S. Treasury 0.125% 2022 | 2,600 | 2,600 | |
U.S. Treasury 0.125% 2022 | 2,500 | 2,501 | |
U.S. Treasury 0.125% 2022 | 1,625 | 1,624 | |
U.S. Treasury 0.125% 2023 | 2,200 | 2,199 | |
U.S. Treasury 0.125% 2023 | 1,025 | 1,024 | |
U.S. Treasury 0.25% 2025 | 10,369 | 10,130 | |
U.S. Treasury 0.25% 2025 | 2,737 | 2,670 | |
U.S. Treasury 0.375% 2025 | 907 | 896 | |
U.S. Treasury 0.375% 2025 | 850 | 832 | |
U.S. Treasury 1.875% 2026 | 6,300 | 6,585 | |
U.S. Treasury 2.00% 20265 | 2,800 | 2,938 | |
U.S. Treasury 0.50% 2027 | 2,900 | 2,778 | |
U.S. Treasury 1.125% 2031 | 3,761 | 3,554 | |
U.S. Treasury 1.125% 20405 | 2,400 | 1,962 | |
U.S. Treasury 1.625% 20505 | 14,110 | 11,776 | |
84,357 | |||
U.S. Treasury inflation-protected securities 0.93% | |||
U.S. Treasury Inflation-Protected Security 0.125% 20236 | 607 | 637 | |
U.S. Treasury Inflation-Protected Security 0.375% 20236 | 1,124 | 1,203 | |
U.S. Treasury Inflation-Protected Security 0.625% 20236 | 1,431 | 1,523 | |
U.S. Treasury Inflation-Protected Security 0.125% 20256 | 1,114 | 1,207 | |
U.S. Treasury Inflation-Protected Security 0.125% 20306 | 1,881 | 2,037 | |
U.S. Treasury Inflation-Protected Security 0.125% 20316 | 1,884 | 2,031 | |
U.S. Treasury Inflation-Protected Security 0.125% 20516 | 2,109 | 2,135 | |
10,773 | |||
Total U.S. Treasury bonds & notes | 95,130 | ||
Corporate bonds, notes & loans 4.84% Health care 0.78% | |||
Abbott Laboratories 3.75% 2026 | 240 | 270 | |
AbbVie Inc. 2.95% 2026 | 369 | 393 | |
AbbVie Inc. 4.25% 2049 | 92 | 104 |
American Funds Insurance Series — Capital Income Builder — Page 68 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
AmerisourceBergen Corp. 0.737% 2023 | $104 | $104 | |
AmerisourceBergen Corp. 2.70% 2031 | 255 | 255 | |
Amgen Inc. 3.375% 2050 | 150 | 150 | |
AstraZeneca PLC 3.375% 2025 | 200 | 218 | |
Becton, Dickinson and Company 3.70% 2027 | 930 | 1,027 | |
Boston Scientific Corp. 2.65% 2030 | 250 | 253 | |
Bristol-Myers Squibb Company 2.55% 2050 | 15 | 13 | |
Centene Corp. 4.625% 2029 | 530 | 574 | |
Centene Corp. 3.375% 2030 | 179 | 181 | |
Cigna Corp. 2.375% 2031 | 192 | 189 | |
Cigna Corp. 3.40% 2051 | 65 | 64 | |
Eli Lilly and Company 3.375% 2029 | 75 | 83 | |
Eli Lilly and Company 2.25% 2050 | 40 | 34 | |
GlaxoSmithKline PLC 3.875% 2028 | 64 | 73 | |
GlaxoSmithKline PLC 3.375% 2029 | 70 | 76 | |
Johnson & Johnson 1.30% 2030 | 100 | 94 | |
Johnson & Johnson 2.25% 2050 | 55 | 49 | |
Merck & Co., Inc. 3.40% 2029 | 110 | 122 | |
Novartis Capital Corp. 1.75% 2025 | 208 | 214 | |
Novartis Capital Corp. 2.00% 2027 | 120 | 124 | |
Novartis Capital Corp. 2.20% 2030 | 60 | 60 | |
Partners HealthCare System, Inc. 3.192% 2049 | 210 | 211 | |
Pfizer Inc. 1.70% 2030 | 150 | 145 | |
Pfizer Inc. 2.70% 2050 | 425 | 399 | |
Regeneron Pharmaceuticals, Inc. 2.80% 2050 | 64 | 56 | |
Takeda Pharmaceutical Company, Ltd. 4.40% 2023 | 1,130 | 1,236 | |
Tenet Healthcare Corp. 7.50% 20254 | 325 | 351 | |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 700 | 747 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 650 | 622 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 300 | 264 | |
UnitedHealth Group Inc. 2.375% 2024 | 35 | 37 | |
UnitedHealth Group Inc. 4.45% 2048 | 170 | 209 | |
9,001 | |||
Energy 0.66% | |||
Apache Corp. 4.25% 2030 | 385 | 376 | |
BP Capital Markets America Inc. 3.633% 2030 | 360 | 395 | |
BP Capital Markets America Inc. 2.939% 2051 | 80 | 71 | |
Canadian Natural Resources Ltd. 3.85% 2027 | 185 | 200 | |
Canadian Natural Resources Ltd. 2.95% 2030 | 83 | 83 | |
Cenovus Energy Inc. 5.40% 2047 | 75 | 84 | |
Cheniere Energy, Inc. 3.70% 2029 | 252 | 266 | |
ConocoPhillips 4.30% 20284 | 137 | 155 | |
Enbridge Energy Partners, LP 7.375% 2045 | 37 | 52 | |
Energy Transfer Operating, LP 5.00% 2050 | 341 | 354 | |
Energy Transfer Partners, LP 5.30% 2047 | 60 | 64 | |
Energy Transfer Partners, LP 6.00% 2048 | 76 | 88 | |
Energy Transfer Partners, LP 6.25% 2049 | 150 | 176 | |
EQT Corp. 5.00% 2029 | 35 | 38 | |
Equinor ASA 2.375% 2030 | 365 | 365 | |
Exxon Mobil Corp. 2.995% 2039 | 200 | 195 | |
Exxon Mobil Corp. 3.452% 2051 | 24 | 24 | |
Kinder Morgan, Inc. 3.60% 2051 | 925 | 863 | |
MPLX LP 5.50% 2049 | 625 | 735 |
American Funds Insurance Series — Capital Income Builder — Page 69 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
New Fortress Energy Inc. 6.50% 20264 | $80 | $81 | |
NGL Energy Operating LLC 7.50% 20264 | 80 | 82 | |
ONEOK, Inc. 3.10% 2030 | 42 | 42 | |
ONEOK, Inc. 4.95% 2047 | 51 | 54 | |
ONEOK, Inc. 5.20% 2048 | 184 | 202 | |
ONEOK, Inc. 7.15% 2051 | 97 | 131 | |
Pemex Project Funding Master Trust, Series 13, 6.625% 2035 | 150 | 143 | |
Petrobras Global Finance Co. 5.60% 2031 | 150 | 158 | |
Petróleos Mexicanos 7.69% 2050 | 75 | 70 | |
Pioneer Natural Resources Company 1.90% 2030 | 90 | 84 | |
Pioneer Natural Resources Company 2.15% 2031 | 83 | 79 | |
Plains All American Pipeline, LP 3.80% 2030 | 11 | 11 | |
Sabine Pass Liquefaction, LLC 4.50% 2030 | 215 | 242 | |
Shell International Finance BV 2.00% 2024 | 420 | 440 | |
Total Capital International 3.127% 2050 | 230 | 217 | |
TransCanada PipeLines Ltd. 4.10% 2030 | 205 | 229 | |
TransCanada PipeLines Ltd. 5.10% 2049 | 425 | 521 | |
Williams Companies, Inc. 3.50% 2030 | 216 | 229 | |
Williams Partners LP 6.30% 2040 | 95 | 122 | |
7,721 | |||
Financials 0.62% | |||
American International Group, Inc. 4.375% 2050 | 250 | 286 | |
AON Corp. 2.20% 2022 | 249 | 256 | |
Bank of America Corp. 1.922% 2031 (USD-SOFR + 1.37% on 10/24/2030)7 | 400 | 377 | |
Bank of America Corp. 2.651% 2032 (USD-SOFR + 1.22% on 3/11/2031)7 | 220 | 221 | |
Bank of America Corp. 3.483% 2052 (USD-SOFR + 1.65% on 3/11/2051)7 | 270 | 276 | |
Credit Suisse Group AG 4.194% 2031 (USD-SOFR + 3.73% on 4/1/2030)4,7 | 500 | 545 | |
Deutsche Bank AG 2.129% 2026 (USD-SOFR + 1.87% on 11/24/2025)7 | 150 | 150 | |
Goldman Sachs Group, Inc. 3.50% 2025 | 177 | 192 | |
Goldman Sachs Group, Inc. 2.60% 2030 | 400 | 405 | |
Goldman Sachs Group, Inc. 1.992% 2032 (USD-SOFR + 1.09% on 1/27/2031)7 | 170 | 161 | |
HSBC Holdings PLC 2.633% 2025 (3-month USD-LIBOR + 1.14% on 11/7/2024)7 | 500 | 523 | |
HSBC Holdings PLC 3.973% 2030 (3-month USD-LIBOR + 1.61% on 5/22/2029)7 | 250 | 271 | |
JPMorgan Chase & Co. 1.953% 2032 (USD-SOFR + 1.065% on 2/4/2031)7 | 577 | 547 | |
Lloyds Banking Group PLC 3.87% 2025 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.50% on 7/9/2024)7 | 390 | 425 | |
MetLife, Inc. 4.55% 2030 | 190 | 222 | |
Metropolitan Life Global Funding I 1.55% 20314 | 164 | 152 | |
Mitsubishi UFJ Financial Group, Inc. 3.195% 2029 | 290 | 305 | |
Morgan Stanley 3.70% 2024 | 260 | 285 | |
Morgan Stanley 1.794% 2032 (USD-SOFR + 1.034% on 2/13/2031)7 | 100 | 93 | |
Morgan Stanley 1.928% 2032 (USD-SOFR + 1.02% on 4/28/2031)7 | 165 | 156 | |
Morgan Stanley 5.597% 2051 (USD-SOFR + 4.84% on 3/24/2050)7 | 115 | 160 | |
Navient Corp. 5.00% 2027 | 150 | 151 | |
New York Life Global Funding 3.00% 20284 | 150 | 160 | |
New York Life Insurance Company 3.75% 20504 | 19 | 20 | |
Royal Bank of Canada 0.875% 2026 | 200 | 196 | |
Toronto-Dominion Bank 0.75% 2026 | 275 | 269 | |
Travelers Companies, Inc. 4.10% 2049 | 130 | 152 | |
Wells Fargo & Company 4.60% 2021 | 300 | 300 | |
7,256 |
American Funds Insurance Series — Capital Income Builder — Page 70 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities 0.54% | Principal amount (000) | Value (000) | |
AEP Transmission Co. LLC 3.15% 2049 | $60 | $59 | |
AEP Transmission Co. LLC 3.80% 2049 | 45 | 49 | |
AEP Transmission Co. LLC 3.65% 2050 | 75 | 80 | |
Ameren Corp. 1.75% 2028 | 50 | 48 | |
American Electric Power Company, Inc. 3.65% 2021 | 300 | 306 | |
American Electric Power Company, Inc. 1.00% 2025 | 25 | 25 | |
Connecticut Light and Power Co. 3.20% 2027 | 445 | 484 | |
Consumers Energy Co. 3.10% 2050 | 159 | 157 | |
Duke Energy Florida, LLC 2.50% 2029 | 430 | 439 | |
Edison International 3.55% 2024 | 375 | 403 | |
Edison International 4.125% 2028 | 457 | 491 | |
Emera Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)7 | 120 | 137 | |
Entergy Corp. 2.40% 2031 | 50 | 48 | |
Evergy Metro, Inc. 2.25% 2030 | 125 | 124 | |
FirstEnergy Corp. 2.25% 2030 | 107 | 99 | |
FirstEnergy Corp. 2.65% 2030 | 493 | 470 | |
Jersey Central Power & Light Co. 4.30% 20264 | 115 | 126 | |
Pacific Gas and Electric Co. 2.95% 2026 | 97 | 100 | |
Pacific Gas and Electric Co. 3.75% 2028 | 105 | 111 | |
Pacific Gas and Electric Co. 4.65% 2028 | 284 | 313 | |
Pacific Gas and Electric Co. 2.50% 2031 | 450 | 425 | |
Pacific Gas and Electric Co. 3.25% 2031 | 25 | 25 | |
Pacific Gas and Electric Co. 3.30% 2040 | 100 | 91 | |
Pacific Gas and Electric Co. 3.50% 2050 | 325 | 283 | |
Public Service Company of Colorado 1.875% 2031 | 102 | 98 | |
Public Service Company of Colorado 3.80% 2047 | 20 | 22 | |
Public Service Electric and Gas Co. 0.95% 2026 | 125 | 123 | |
Southern California Edison Co. 3.65% 2050 | 531 | 526 | |
Southern California Edison Co., Series C, 3.60% 2045 | 256 | 253 | |
Virginia Electric and Power Co. 2.45% 2050 | 25 | 21 | |
Xcel Energy Inc. 2.60% 2029 | 175 | 177 | |
Xcel Energy Inc. 3.50% 2049 | 145 | 145 | |
6,258 | |||
Communication services 0.52% | |||
Alphabet Inc. 2.05% 2050 | 80 | 66 | |
AT&T Inc. 2.25% 2032 | 75 | 72 | |
AT&T Inc. 3.50% 2041 | 75 | 74 | |
AT&T Inc. 3.50% 20534 | 449 | 416 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.80% 2031 | 158 | 156 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20314 | 360 | 361 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 3.70% 2051 | 35 | 33 | |
CenturyLink, Inc. 7.50% 2024 | 300 | 337 | |
Comcast Corp. 2.80% 2051 | 110 | 101 | |
Discovery Communications, Inc. 4.65% 2050 | 19 | 21 | |
Sprint Corp. 11.50% 2021 | 1,425 | 1,513 | |
Sprint Corp. 6.875% 2028 | 325 | 411 | |
T-Mobile US, Inc. 3.875% 20304 | 625 | 679 | |
T-Mobile US, Inc. 3.50% 2031 | 275 | 277 | |
T-Mobile US, Inc. 3.00% 20414 | 100 | 93 | |
Verizon Communications Inc. 1.45% 2026 | 125 | 125 | |
Verizon Communications Inc. 4.329% 2028 | 192 | 220 | |
Verizon Communications Inc. 1.68% 20304 | 110 | 102 | |
Verizon Communications Inc. 2.55% 2031 | 300 | 300 |
American Funds Insurance Series — Capital Income Builder — Page 71 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) | |
Verizon Communications Inc. 3.40% 2041 | $125 | $127 | |
Verizon Communications Inc. 2.875% 2050 | 125 | 111 | |
Verizon Communications Inc. 3.55% 2051 | 120 | 120 | |
Verizon Communications Inc. 3.70% 2061 | 145 | 144 | |
Vodafone Group PLC 4.25% 2050 | 75 | 83 | |
Walt Disney Company 4.625% 2040 | 120 | 146 | |
6,088 | |||
Consumer discretionary 0.52% | |||
Amazon.com, Inc. 2.50% 2050 | 75 | 67 | |
Amazon.com, Inc. 2.70% 2060 | 30 | 27 | |
Bayerische Motoren Werke AG 4.15% 20304 | 290 | 331 | |
Bayerische Motoren Werke AG 2.55% 20314 | 24 | 24 | |
Carnival Corp. 11.50% 20234 | 425 | 488 | |
General Motors Company 5.95% 2049 | 90 | 115 | |
Home Depot, Inc. 3.35% 2050 | 350 | 364 | |
Marriott International, Inc. 2.85% 2031 | 50 | 49 | |
Royal Caribbean Cruises Ltd. 10.875% 20234 | 600 | 691 | |
Royal Caribbean Cruises Ltd. 11.50% 20254 | 1,145 | 1,337 | |
Toyota Motor Credit Corp. 2.15% 2022 | 505 | 518 | |
Toyota Motor Credit Corp. 2.60% 2022 | 856 | 871 | |
Toyota Motor Credit Corp. 3.00% 2025 | 1,010 | 1,082 | |
Toyota Motor Credit Corp. 1.65% 2031 | 50 | 47 | |
6,011 | |||
Consumer staples 0.46% | |||
7-Eleven, Inc. 0.80% 20244 | 50 | 50 | |
7-Eleven, Inc. 0.95% 20264 | 60 | 59 | |
7-Eleven, Inc. 1.30% 20284 | 45 | 43 | |
7-Eleven, Inc. 1.80% 20314 | 322 | 301 | |
7-Eleven, Inc. 2.80% 20514 | 170 | 153 | |
Altria Group, Inc. 5.95% 2049 | 327 | 408 | |
Altria Group, Inc. 3.70% 2051 | 25 | 23 | |
Anheuser-Busch Co. / InBev Worldwide 4.90% 2046 | 420 | 503 | |
British American Tobacco PLC 3.215% 2026 | 250 | 264 | |
British American Tobacco PLC 3.557% 2027 | 660 | 703 | |
British American Tobacco PLC 4.906% 2030 | 350 | 400 | |
British American Tobacco PLC 4.54% 2047 | 73 | 74 | |
British American Tobacco PLC 4.758% 2049 | 130 | 134 | |
Coca-Cola Company 1.375% 2031 | 100 | 93 | |
Coca-Cola Company 2.50% 2051 | 65 | 57 | |
Conagra Brands, Inc. 5.30% 2038 | 18 | 22 | |
Conagra Brands, Inc. 5.40% 2048 | 52 | 67 | |
Constellation Brands, Inc. 3.15% 2029 | 190 | 199 | |
Constellation Brands, Inc. 2.875% 2030 | 210 | 215 | |
Keurig Dr Pepper Inc. 3.20% 2030 | 25 | 27 | |
Keurig Dr Pepper Inc. 5.085% 2048 | 64 | 80 | |
Keurig Dr Pepper Inc. 3.80% 2050 | 51 | 54 | |
Kimberly-Clark Corp. 3.10% 2030 | 56 | 60 | |
Kraft Heinz Company 3.00% 2026 | 93 | 98 | |
Molson Coors Brewing Co. 4.20% 2046 | 65 | 68 | |
PepsiCo, Inc. 1.40% 2031 | 40 | 37 | |
PepsiCo, Inc. 3.625% 2050 | 240 | 265 | |
Philip Morris International Inc. 3.375% 2029 | 450 | 485 |
American Funds Insurance Series — Capital Income Builder — Page 72 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples (continued) | Principal amount (000) | Value (000) | |
Procter & Gamble Company 0.55% 2025 | $185 | $182 | |
Wal-Mart Stores, Inc. 2.85% 2024 | 210 | 225 | |
5,349 | |||
Information technology 0.33% | |||
Adobe Inc. 2.30% 2030 | 295 | 299 | |
Apple Inc. 0.55% 2025 | 125 | 123 | |
Apple Inc. 1.65% 2031 | 110 | 105 | |
Apple Inc. 2.375% 2041 | 145 | 135 | |
Apple Inc. 2.40% 2050 | 75 | 65 | |
Apple Inc. 2.65% 2051 | 165 | 151 | |
Apple Inc. 2.80% 2061 | 35 | 31 | |
Broadcom Inc. 5.00% 2030 | 420 | 479 | |
Broadcom Inc. 3.75% 20514 | 91 | 87 | |
Broadcom Ltd. 3.875% 2027 | 235 | 255 | |
Fidelity National Information Services, Inc. 0.60% 2024 | 118 | 117 | |
Fidelity National Information Services, Inc. 2.25% 2031 | 64 | 63 | |
Fidelity National Information Services, Inc. 3.10% 2041 | 20 | 20 | |
Fiserv, Inc. 3.50% 2029 | 870 | 940 | |
Global Payments Inc. 1.20% 2026 | 29 | 29 | |
Intuit Inc. 0.95% 2025 | 50 | 50 | |
Lenovo Group Ltd. 5.875% 2025 | 400 | 454 | |
Oracle Corp. 2.875% 2031 | 140 | 143 | |
Oracle Corp. 3.60% 2050 | 150 | 145 | |
ServiceNow, Inc. 1.40% 2030 | 130 | 118 | |
3,809 | |||
Industrials 0.33% | |||
Boeing Company 2.70% 2022 | 300 | 306 | |
Boeing Company 2.75% 2026 | 91 | 94 | |
Boeing Company 5.15% 2030 | 284 | 328 | |
Boeing Company 5.805% 2050 | 235 | 297 | |
Burlington Northern Santa Fe LLC 3.30% 2051 | 71 | 71 | |
Carrier Global Corp. 2.242% 2025 | 102 | 106 | |
Carrier Global Corp. 2.493% 2027 | 84 | 87 | |
Carrier Global Corp. 2.722% 2030 | 74 | 75 | |
CSX Corp. 4.75% 2048 | 50 | 60 | |
CSX Corp. 3.35% 2049 | 310 | 305 | |
CSX Corp. 2.50% 2051 | 50 | 42 | |
General Electric Co. 3.45% 2027 | 50 | 54 | |
General Electric Co. 3.625% 2030 | 215 | 232 | |
General Electric Co. 4.35% 2050 | 220 | 245 | |
Honeywell International Inc. 2.15% 2022 | 305 | 312 | |
Masco Corp. 2.00% 2031 | 66 | 63 | |
Masco Corp. 3.125% 2051 | 10 | 9 | |
Norfolk Southern Corp. 3.00% 2022 | 224 | 229 | |
Raytheon Technologies Corp. 3.125% 2050 | 125 | 121 | |
TransDigm Inc. 8.00% 20254 | 55 | 60 | |
Union Pacific Corp. 3.70% 2029 | 430 | 474 | |
Union Pacific Corp. 4.30% 2049 | 110 | 126 | |
Union Pacific Corp. 3.25% 2050 | 53 | 52 | |
Union Pacific Corp. 3.95% 2059 | 45 | 49 | |
3,797 |
American Funds Insurance Series — Capital Income Builder — Page 73 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials 0.04% | Principal amount (000) | Value (000) | |
Braskem SA 4.50% 20304 | $200 | $201 | |
Dow Chemical Co. 3.60% 2050 | 75 | 76 | |
LYB International Finance III, LLC 2.25% 2030 | 32 | 31 | |
LYB International Finance III, LLC 4.20% 2050 | 75 | 81 | |
LYB International Finance III, LLC 3.625% 2051 | 52 | 51 | |
440 | |||
Real estate 0.04% | |||
American Tower Corp. 2.70% 2031 | 104 | 104 | |
Corporate Office Properties LP 2.25% 2026 | 68 | 69 | |
Equinix, Inc. 1.55% 2028 | 25 | 24 | |
Equinix, Inc. 3.20% 2029 | 144 | 150 | |
Public Storage 0.875% 2026 | 18 | 18 | |
Westfield Corp. Ltd. 3.50% 20294 | 54 | 54 | |
419 | |||
Total corporate bonds, notes & loans | 56,149 | ||
Mortgage-backed obligations 3.66% Federal agency mortgage-backed obligations 3.16% | |||
Fannie Mae Pool #695412 5.00% 20338 | —9 | —9 | |
Fannie Mae Pool #AD3566 5.00% 20358 | 2 | 2 | |
Fannie Mae Pool #AC0794 5.00% 20398 | 10 | 11 | |
Fannie Mae Pool #931768 5.00% 20398 | 2 | 2 | |
Fannie Mae Pool #AE0311 3.50% 20408 | 15 | 16 | |
Fannie Mae Pool #932606 5.00% 20408 | 4 | 5 | |
Fannie Mae Pool #AJ1873 4.00% 20418 | 7 | 8 | |
Fannie Mae Pool #AE1248 5.00% 20418 | 11 | 13 | |
Fannie Mae Pool #AE1274 5.00% 20418 | 9 | 10 | |
Fannie Mae Pool #AE1277 5.00% 20418 | 5 | 6 | |
Fannie Mae Pool #AE1283 5.00% 20418 | 3 | 3 | |
Fannie Mae Pool #AE1290 5.00% 20428 | 6 | 7 | |
Fannie Mae Pool #AT3954 3.50% 20438 | 4 | 4 | |
Fannie Mae Pool #AT0300 3.50% 20438 | 3 | 3 | |
Fannie Mae Pool #AY1829 3.50% 20448 | 4 | 4 | |
Fannie Mae Pool #AW8240 3.50% 20448 | 1 | 1 | |
Fannie Mae Pool #BJ5015 4.00% 20478 | 68 | 74 | |
Fannie Mae Pool #BH3122 4.00% 20478 | 1 | 1 | |
Fannie Mae Pool #CA2850 4.00% 20488 | 84 | 93 | |
Fannie Mae Pool #BK6840 4.00% 20488 | 46 | 50 | |
Fannie Mae Pool #BK5232 4.00% 20488 | 32 | 35 | |
Fannie Mae Pool #BK9743 4.00% 20488 | 13 | 14 | |
Fannie Mae Pool #CA2804 4.50% 20488 | 530 | 577 | |
Fannie Mae Pool #BK7665 4.50% 20488 | 302 | 335 | |
Fannie Mae Pool #BK0951 4.50% 20488 | 222 | 246 | |
Fannie Mae Pool #BK9761 4.50% 20488 | 11 | 13 | |
Fannie Mae Pool #CA5540 3.00% 20508 | 5,021 | 5,309 | |
Freddie Mac Pool #Q15874 4.00% 20438 | 2 | 2 | |
Freddie Mac Pool #G67711 4.00% 20488 | 400 | 439 | |
Freddie Mac Pool #Q56599 4.00% 20488 | 52 | 57 | |
Freddie Mac Pool #Q56175 4.00% 20488 | 37 | 41 | |
Freddie Mac Pool #Q55971 4.00% 20488 | 33 | 37 | |
Freddie Mac Pool #Q56576 4.00% 20488 | 28 | 30 | |
Freddie Mac Pool #Q55970 4.00% 20488 | 16 | 18 |
American Funds Insurance Series — Capital Income Builder — Page 74 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #Q58411 4.50% 20488 | $104 | $115 | |
Freddie Mac Pool #Q58436 4.50% 20488 | 45 | 51 | |
Freddie Mac Pool #Q58378 4.50% 20488 | 38 | 42 | |
Freddie Mac Pool #Q57242 4.50% 20488 | 30 | 34 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 20568,10 | 367 | 389 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 20568 | 367 | 389 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 20568,10 | 178 | 189 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 20578,10 | 140 | 148 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 20578 | 114 | 122 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 20578 | 33 | 36 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 20588 | 1,355 | 1,471 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 20588 | 971 | 1,046 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 20588 | 666 | 717 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MA, 3.50% 20588 | 32 | 34 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 20588 | 14 | 15 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 20288 | 1,364 | 1,438 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-2, Class A1C, 2.75% 20298 | 2,013 | 2,108 | |
Government National Mortgage Assn. 2.00% 20518,11 | 1,327 | 1,338 | |
Government National Mortgage Assn. 2.00% 20518,11 | 528 | 532 | |
Government National Mortgage Assn. 2.50% 20518,11 | 2,356 | 2,421 | |
Government National Mortgage Assn. 3.50% 20518,11 | 42 | 44 | |
Government National Mortgage Assn. Pool #MA5764 4.50% 20498 | 1,221 | 1,324 | |
Government National Mortgage Assn. Pool #MA5877 4.50% 20498 | 138 | 149 | |
Government National Mortgage Assn. Pool #694836 5.661% 20598 | 1 | 1 | |
Government National Mortgage Assn. Pool #765152 4.14% 20618 | —9 | 1 | |
Government National Mortgage Assn. Pool #766525 4.70% 20628 | —9 | —9 | |
Government National Mortgage Assn. Pool #777452 3.63% 20638 | 5 | 5 | |
Government National Mortgage Assn. Pool #767639 3.836% 20638 | 4 | 4 | |
Government National Mortgage Assn. Pool #AA1709 4.70% 20638 | 1 | 1 | |
Government National Mortgage Assn. Pool #725893 5.20% 20648 | —9 | —9 | |
Government National Mortgage Assn. Pool #AA7554 6.64% 20648 | 2 | 2 | |
Uniform Mortgage-Backed Security 2.00% 20368,11 | 2,100 | 2,155 | |
Uniform Mortgage-Backed Security 2.50% 20368,11 | 1,608 | 1,672 | |
Uniform Mortgage-Backed Security 3.00% 20518,11 | 1,618 | 1,685 | |
Uniform Mortgage-Backed Security 3.00% 20518,11 | 1,268 | 1,321 | |
Uniform Mortgage-Backed Security 3.00% 20518,11 | 214 | 223 | |
Uniform Mortgage-Backed Security 3.50% 20518,11 | 1,775 | 1,875 | |
Uniform Mortgage-Backed Security 4.00% 20518,11 | 4,200 | 4,507 | |
Uniform Mortgage-Backed Security 4.50% 20518,11 | 1,477 | 1,608 | |
36,678 | |||
Collateralized mortgage-backed obligations (privately originated) 0.31% | |||
Cascade Funding Mortgage Trust, Series 2019-HB1, Class A, 2.386% 20294,8,10 | 272 | 274 | |
Cascade Funding Mortgage Trust, Series 2020-HB4, Class A, 0.946% 20304,8,10 | 178 | 178 | |
Citigroup Mortgage Loan Trust Inc., Series 2020-EXP1, Class A1A, 1.804% 20604,8,10 | 59 | 59 | |
Legacy Mortgage Asset Trust, Series 2019-GS5, Class A1, 3.20% 20594,8,10 | 203 | 205 | |
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 20594,8,10 | 174 | 175 | |
Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 0.859% 20524,8,10 | 1,000 | 1,002 | |
Mello Warehouse Securitization Trust, Series 2020-2, Class A, (1-month USD-LIBOR + 0.80%) 0.909% 20534,8,10 | 175 | 175 | |
Mello Warehouse Securitization Trust, Series 2020-1, Class A, (1-month USD-LIBOR + 0.90%) 1.009% 20534,8,10 | 279 | 279 | |
Nationstar HECM Loan Trust, Series 2019-2A, Class A, 2.272% 20294,8,10 | 76 | 77 |
American Funds Insurance Series — Capital Income Builder — Page 75 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Collateralized mortgage-backed obligations (privately originated) (continued) | Principal amount (000) | Value (000) | |
Nationstar HECM Loan Trust, Series 2019-1A, Class A, 2.651% 20294,8,10 | $52 | $52 | |
Towd Point Mortgage Trust, Series 2016-5, Class A1, 2.50% 20564,8,10 | 97 | 99 | |
Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 20574,8,10 | 86 | 89 | |
Towd Point Mortgage Trust, Series 2017-3, Class A1, 2.75% 20574,8,10 | 61 | 62 | |
Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 20584,8,10 | 99 | 103 | |
Towd Point Mortgage Trust, Series 2018-5, Class A1A, 3.25% 20584,8,10 | 57 | 58 | |
Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 20604,8 | 737 | 749 | |
3,636 | |||
Commercial mortgage-backed securities 0.19% | |||
GS Mortgage Securities Trust, Series 2018-HULA, Class A, 1.026% 20254,8,10 | 238 | 239 | |
Hawaii Hotel Trust, Series 2019-MAUI, Class A, (1-month USD-LIBOR + 1.15%) 1.256% 20384,8,10 | 300 | 301 | |
MRA Issuance Trust, Series 2021-8, Class A1X, (1-month USD-LIBOR + 1.15%) 1.341% 20211,4,8,10 | 406 | 406 | |
MRA Issuance Trust, Series 2020-10, Class A, (1-month USD-LIBOR + 1.75%) 2.25% 20214,8,10 | 1,057 | 1,058 | |
Multi Family Connecticut Avenue Securities, Series 2019-1, Class M10, (1-month USD-LIBOR + 3.25%) 3.359% 20494,8,10 | 150 | 150 | |
2,154 | |||
Total mortgage-backed obligations | 42,468 | ||
Asset-backed obligations 0.34% | |||
Aesop Funding LLC, Series 2020-2, Class A, 2.02% 20274,8 | 297 | 304 | |
Aesop Funding LLC, Series 2020-2A, Class B, 2.96% 20274,8 | 100 | 105 | |
CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20604,8 | 372 | 375 | |
CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20604,8 | 95 | 94 | |
CF Hippolyta LLC, Series 2020-1, Class B1, 2.28% 20604,8 | 95 | 97 | |
CF Hippolyta LLC, Series 2020-1, Class B2, 2.60% 20604,8 | 95 | 95 | |
CF Hippolyta LLC, Series 2021-1, Class A1, 1.53% 20614,8 | 335 | 334 | |
Drivetime Auto Owner Trust, Series 2020-1, Class A, 1.94% 20234,8 | 154 | 155 | |
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 20374,8 | 175 | 173 | |
GCI Funding I LLC, Series 2020-1, Class A, 2.82% 20454,8 | 661 | 672 | |
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 20394,8 | 168 | 166 | |
Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 20694,8 | 97 | 97 | |
OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20594,8,10 | 218 | 220 | |
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 20534,8 | 118 | 117 | |
Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 20344,8,10 | 335 | 333 | |
Westlake Automobile Receivables Trust, Series 2019-3A, Class A2, 2.15% 20234,8 | 554 | 557 | |
3,894 | |||
Bonds & notes of governments & government agencies outside the U.S. 0.14% | |||
Peru (Republic of) 2.783% 2031 | 190 | 191 | |
Portuguese Republic 5.125% 2024 | 18 | 20 | |
Qatar (State of) 4.50% 2028 | 200 | 234 | |
Saudi Arabia (Kingdom of) 3.625% 2028 | 200 | 218 | |
United Mexican States 3.25% 2030 | 200 | 202 | |
United Mexican States, Series M, 6.50% 2021 | MXN15,000 | 736 | |
1,601 | |||
Municipals 0.06% South Carolina 0.04% | |||
Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2016-C, 5.00% 2035 | $350 | 423 |
American Funds Insurance Series — Capital Income Builder — Page 76 of 240
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Bonds, notes & other debt instruments (continued) Municipals (continued) Illinois 0.02% | Principal amount (000) | Value (000) | |
G.O. Bonds, Pension Funding, Series 2003, 5.10% 2033 | $225 | $254 | |
Total municipals | 677 | ||
Total bonds, notes & other debt instruments (cost: $198,601,000) | 199,919 | ||
Short-term securities 7.16% Money market investments 6.05% | Shares | ||
Capital Group Central Cash Fund 0.08%12,13 | 701,655 | 70,172 | |
Money market investments purchased from securities lending collateral 1.11% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%12,14 | 10,361,972 | 10,362 | |
Capital Group Central Cash Fund 0.08%12,13,14 | 22,426 | 2,530 | |
12,892 | |||
Total short-term securities (cost: $83,064,000) | 83,064 | ||
Total investment securities 101.70% (cost: $991,056,000) | 1,179,458 | ||
Other assets less liabilities (1.70)% | (19,731) | ||
Net assets 100.00% | $1,159,727 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount15 (000) | Value at 3/31/202116 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
2 Year U.S. Treasury Note Futures | Long | 30 | July 2021 | $6,000 | $6,622 | $(4) |
5 Year U.S. Treasury Note Futures | Long | 179 | July 2021 | 17,900 | 22,088 | (209) |
10 Year U.S. Treasury Note Futures | Long | 14 | June 2021 | 1,400 | 1,833 | (47) |
10 Year Ultra U.S. Treasury Note Futures | Short | 46 | June 2021 | (4,600) | (6,609) | 235 |
20 Year U.S. Treasury Bond Futures | Long | 6 | June 2021 | 600 | 928 | (39) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 42 | June 2021 | 4,200 | 7,611 | (347) |
$(411) |
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation at 3/31/2021 (000) | |
Purchases (000) | Sales (000) | |||
MXN3,100 | USD145 | HSBC Bank | 4/9/2021 | $6 |
American Funds Insurance Series — Capital Income Builder — Page 77 of 240
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Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized appreciation at 3/31/2021 (000) |
U.S. EFFR | 0.11% | 5/18/2024 | $6,200 | $44 | $— | $44 |
3-month USD-LIBOR | 0.337% | 5/18/2025 | 21,500 | 432 | — | 432 |
U.S. EFFR | 0.10875% | 7/6/2025 | 2,600 | 62 | — | 62 |
U.S. EFFR | 0.105% | 7/9/2025 | 1,300 | 31 | — | 31 |
3-month USD-LIBOR | 0.5935% | 5/18/2030 | 7,200 | 694 | — | 694 |
3-month USD-LIBOR | 0.807% | 5/18/2050 | 1,800 | 571 | — | 571 |
$— | $1,834 |
Credit default swaps
Centrally cleared credit default swaps on credit indices — sell protection
Receive/ Payment frequency | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized appreciation at 3/31/2021 (000) |
5.00%/Quarterly | CDX.NA.HY.36 | 6/20/2026 | $3,625 | $323 | $322 | $1 |
Investments in affiliates13
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 6.27% | |||||||
Money market investments 6.05% | |||||||
Capital Group Central Cash Fund 0.08%12 | $56,762 | $73,567 | $60,157 | $—9 | $—9 | $70,172 | $14 |
Money market investments purchased from securities lending collateral 0.22% | |||||||
Capital Group Central Cash Fund 0.08%12,14 | — | —17 | —17 | —17 | —17 | 2,530 | —17 |
Total short-term securities | 72,702 | ||||||
Total 6.27% | $—9 | $—9 | $72,702 | $14 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $337,653,000, which represented 29.11% of the net assets of the fund. This amount includes $337,247,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | All or a portion of this security was on loan. The total value of all such securities was $15,145,000, which represented 1.31% of the net assets of the fund. |
3 | Security did not produce income during the last 12 months. |
4 | Acquired in a transaction exempt from registration under Rule 144A 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 $20,457,000, which represented 1.76% of the net assets of the fund. |
5 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $1,879,000, which represented .16% of the net assets of the fund. |
6 | Index-linked bond whose principal amount moves with a government price index. |
7 | Step bond; coupon rate may change at a later date. |
8 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
9 | Amount less than one thousand. |
10 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
11 | Purchased on a TBA basis. |
12 | Rate represents the seven-day yield at 3/31/2021. |
13 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
14 | Security purchased with cash collateral from securities on loan. |
15 | Notional amount is calculated based on the number of contracts and notional contract size. |
16 | Value is calculated based on the notional amount and current market price. |
17 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
American Funds Insurance Series — Capital Income Builder — Page 78 of 240
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Key to abbreviations and symbol |
ADR = American Depositary Receipts |
Auth. = Authority |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
EFFR = Effective Federal Funds Rate |
G.O. = General Obligation |
GBP = British pounds |
GDR = Global Depositary Receipts |
LIBOR = London Interbank Offered Rate |
MXN = Mexican pesos |
Ref. = Refunding |
Rev. = Revenue |
SOFR = Secured Overnight Financing Rate |
TBA = To-be-announced |
USD/$ = U.S. dollars |
American Funds Insurance Series — Capital Income Builder — Page 79 of 240
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Common stocks 67.93% Information technology 16.29% | Shares | Value (000) | |
Microsoft Corp. | 4,564,561 | $1,076,187 | |
Broadcom Inc. | 1,513,598 | 701,795 | |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 5,636,700 | 666,709 | |
ASML Holding NV (New York registered) (ADR) | 815,900 | 503,704 | |
MKS Instruments, Inc. | 2,000,000 | 370,840 | |
Dell Technologies Inc., Class C1 | 3,000,000 | 264,450 | |
FleetCor Technologies, Inc.1 | 900,000 | 241,767 | |
Flex Ltd.1 | 13,000,000 | 238,030 | |
VeriSign, Inc.1 | 1,100,000 | 218,636 | |
Mastercard Inc., Class A | 510,000 | 181,586 | |
Visa Inc., Class A | 700,200 | 148,253 | |
Intel Corp. | 1,250,000 | 80,000 | |
PayPal Holdings, Inc.1 | 316,300 | 76,810 | |
RingCentral, Inc., Class A1 | 221,100 | 65,861 | |
DocuSign, Inc.1 | 242,000 | 48,993 | |
Shopify Inc., Class A, subordinate voting shares1 | 41,500 | 45,920 | |
Okta, Inc., Class A1 | 174,680 | 38,505 | |
NVIDIA Corp. | 68,566 | 36,609 | |
5,004,655 | |||
Financials 11.06% | |||
Chubb Ltd. | 2,200,000 | 347,534 | |
First Republic Bank | 1,580,000 | 263,465 | |
Capital One Financial Corp. | 2,000,000 | 254,460 | |
Bank of America Corp. | 5,750,000 | 222,467 | |
JPMorgan Chase & Co. | 1,400,000 | 213,122 | |
Synchrony Financial | 5,000,000 | 203,300 | |
CME Group Inc., Class A | 977,200 | 199,574 | |
Citigroup Inc. | 2,250,000 | 163,687 | |
The Blackstone Group Inc. | 2,190,950 | 163,291 | |
Sberbank of Russia PJSC (ADR)2 | 9,788,000 | 150,849 | |
Apollo Global Management, Inc., Class A | 2,769,732 | 130,205 | |
Nasdaq, Inc. | 844,100 | 124,471 | |
Arch Capital Group Ltd.1 | 3,234,000 | 124,089 | |
Truist Financial Corp. | 1,966,000 | 114,657 | |
Toronto-Dominion Bank (CAD denominated) | 1,736,383 | 113,244 | |
MSCI Inc. | 225,200 | 94,422 | |
Intercontinental Exchange, Inc. | 840,000 | 93,811 | |
PNC Financial Services Group, Inc. | 500,000 | 87,705 | |
Kotak Mahindra Bank Ltd.1,2 | 2,713,240 | 65,240 | |
RenaissanceRe Holdings Ltd. | 357,000 | 57,209 | |
Ares Management Corp., Class A | 1,015,403 | 56,893 | |
KKR & Co. Inc. | 1,024,200 | 50,032 | |
BlackRock, Inc. | 56,000 | 42,222 | |
S&P Global Inc. | 102,000 | 35,993 |
American Funds Insurance Series — Asset Allocation Fund — Page 80 of 240
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Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Berkshire Hathaway Inc., Class A1 | 61 | $23,528 | |
Jonah Energy Parent LLC1,2,3 | 32,117 | 482 | |
3,395,952 | |||
Health care 9.92% | |||
Johnson & Johnson | 3,300,000 | 542,355 | |
UnitedHealth Group Inc. | 1,322,300 | 491,988 | |
Humana Inc. | 865,000 | 362,651 | |
Cigna Corp. | 1,275,000 | 308,219 | |
Thermo Fisher Scientific Inc. | 591,851 | 270,109 | |
Abbott Laboratories | 2,000,000 | 239,680 | |
Vertex Pharmaceuticals Inc.1 | 550,000 | 118,190 | |
Daiichi Sankyo Company, Ltd.2 | 3,873,900 | 113,233 | |
Gilead Sciences, Inc. | 1,600,000 | 103,408 | |
Regeneron Pharmaceuticals, Inc.1 | 150,000 | 70,971 | |
Zoetis Inc., Class A | 434,700 | 68,457 | |
Merck & Co., Inc. | 700,000 | 53,963 | |
IDEXX Laboratories, Inc.1 | 94,102 | 46,045 | |
Eli Lilly and Company | 241,969 | 45,205 | |
Cortexyme, Inc.1,4 | 1,218,038 | 43,886 | |
Centene Corp.1 | 562,770 | 35,967 | |
Allakos Inc.1 | 293,700 | 33,711 | |
Ultragenyx Pharmaceutical Inc.1 | 217,400 | 24,753 | |
AbCellera Biologics Inc.1,4 | 625,100 | 21,228 | |
Viatris Inc.1 | 1,121,937 | 15,673 | |
NuCana PLC (ADR)1,5 | 2,977,153 | 14,856 | |
Rotech Healthcare Inc.1,2,3,6 | 184,138 | 14,455 | |
Pfizer Inc. | 102,973 | 3,731 | |
Advanz Pharma Corp. Ltd.1,6 | 175,310 | 2,980 | |
Advanz Pharma Corp. Ltd.1 | 41,657 | 708 | |
3,046,422 | |||
Consumer discretionary 7.52% | |||
Amazon.com, Inc.1 | 128,174 | 396,581 | |
Home Depot, Inc. | 1,236,000 | 377,289 | |
Aramark | 8,500,000 | 321,130 | |
General Motors Company | 4,100,000 | 235,586 | |
LVMH Moët Hennessy-Louis Vuitton SE2 | 256,896 | 171,193 | |
Kontoor Brands, Inc.5 | 3,500,000 | 169,855 | |
Hilton Worldwide Holdings Inc.1 | 1,256,949 | 151,990 | |
NVR, Inc.1 | 25,000 | 117,773 | |
Dollar General Corp. | 487,187 | 98,714 | |
Darden Restaurants, Inc. | 627,109 | 89,049 | |
VF Corp. | 900,000 | 71,928 | |
Restaurant Brands International Inc. | 595,000 | 38,675 | |
Booking Holdings Inc.1 | 12,750 | 29,705 | |
XPeng Inc., Class A (ADR)1 | 703,800 | 25,696 | |
Dr. Martens PLC1,2 | 2,375,000 | 14,839 | |
2,310,003 | |||
Consumer staples 5.70% | |||
Philip Morris International Inc. | 9,735,421 | 863,922 | |
Nestlé SA2 | 2,500,000 | 278,638 | |
British American Tobacco PLC (ADR)4 | 3,919,700 | 151,849 | |
British American Tobacco PLC2 | 1,060,000 | 40,544 |
American Funds Insurance Series — Asset Allocation Fund — Page 81 of 240
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Common stocks (continued) Consumer staples (continued) | Shares | Value (000) | |
Altria Group, Inc. | 3,750,000 | $191,850 | |
Archer Daniels Midland Company | 2,000,000 | 114,000 | |
Mondelez International, Inc. | 1,200,000 | 70,236 | |
Avenue Supermarts Ltd.1,2 | 970,539 | 38,008 | |
1,749,047 | |||
Communication services 5.04% | |||
Charter Communications, Inc., Class A1 | 754,600 | 465,603 | |
Facebook, Inc., Class A1 | 952,100 | 280,422 | |
Alphabet Inc., Class C1 | 131,200 | 271,404 | |
Comcast Corp., Class A | 4,878,910 | 263,998 | |
Netflix, Inc.1 | 226,700 | 118,260 | |
Tencent Holdings Ltd.2 | 965,000 | 76,078 | |
New York Times Co., Class A | 1,450,000 | 73,399 | |
1,549,164 | |||
Materials 3.82% | |||
LyondellBasell Industries NV | 3,417,103 | 355,550 | |
Dow Inc. | 4,800,000 | 306,912 | |
Franco-Nevada Corp. | 839,262 | 105,177 | |
Rio Tinto PLC2 | 1,250,000 | 95,627 | |
Nucor Corp. | 1,000,000 | 80,270 | |
Royal Gold, Inc. | 695,000 | 74,796 | |
Allegheny Technologies Inc.1 | 2,589,437 | 54,534 | |
First Quantum Minerals Ltd. | 2,775,000 | 52,885 | |
Newmont Corp. | 550,000 | 33,148 | |
Vale SA, ordinary nominative | 885,000 | 15,404 | |
1,174,303 | |||
Industrials 3.74% | |||
Northrop Grumman Corp. | 768,400 | 248,685 | |
CSX Corp. | 2,235,123 | 215,511 | |
Lockheed Martin Corp. | 473,000 | 174,773 | |
L3Harris Technologies, Inc. | 780,000 | 158,090 | |
Komatsu Ltd.2 | 4,604,900 | 142,267 | |
Boeing Company1 | 458,000 | 116,662 | |
Honeywell International Inc. | 152,000 | 32,995 | |
Waste Management, Inc. | 214,000 | 27,610 | |
Associated Materials Group Inc.1,2,3 | 1,588,250 | 12,102 | |
Cintas Corp. | 34,000 | 11,605 | |
Axon Enterprise, Inc.1 | 50,600 | 7,206 | |
1,147,506 | |||
Energy 2.27% | |||
Chevron Corp. | 2,100,000 | 220,059 | |
Pioneer Natural Resources Company | 800,000 | 127,056 | |
EOG Resources, Inc. | 1,352,400 | 98,090 | |
Suncor Energy Inc. | 4,000,000 | 83,616 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 2,695,000 | 83,314 | |
Rosneft Oil Company PJSC (GDR)2 | 3,636,613 | 27,472 | |
ConocoPhillips | 335,000 | 17,745 | |
Chesapeake Energy Corp.1 | 382,649 | 16,603 | |
Chesapeake Energy Corp.1,2,7 | 1,970 | 75 | |
Euronav NV | 750,000 | 6,863 | |
Scorpio Tankers Inc. | 345,000 | 6,369 |
American Funds Insurance Series — Asset Allocation Fund — Page 82 of 240
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Common stocks (continued) Energy (continued) | Shares | Value (000) | |
Oasis Petroleum Inc. | 79,058 | $4,695 | |
Extraction Oil & Gas, Inc.1 | 78,142 | 2,809 | |
Extraction Oil & Gas, Inc.1,2,3,6,7 | 22,469 | 670 | |
Weatherford International1 | 228,038 | 2,905 | |
McDermott International, Ltd.1 | 40,219 | 32 | |
698,373 | |||
Real estate 1.69% | |||
Crown Castle International Corp. REIT | 1,032,335 | 177,696 | |
VICI Properties Inc. REIT | 5,165,000 | 145,860 | |
American Tower Corp. REIT | 328,100 | 78,435 | |
Alexandria Real Estate Equities, Inc. REIT | 399,000 | 65,556 | |
MGM Growth Properties LLC REIT, Class A | 1,560,000 | 50,887 | |
518,434 | |||
Utilities 0.88% | |||
Enel SpA2 | 24,000,000 | 239,796 | |
DTE Energy Company | 226,000 | 30,090 | |
269,886 | |||
Total common stocks (cost: $11,835,678,000) | 20,863,745 | ||
Preferred securities 0.00% Industrials 0.00% | |||
ACR III LSC Holdings LLC, Series B, preferred shares1,2,3,7 | 450 | 317 | |
Total preferred securities (cost: $466,000) | 317 | ||
Rights & warrants 0.00% Energy 0.00% | |||
Chesapeake Energy Corp., Class B, warrants, expire 20261 | 27,037 | 534 | |
Chesapeake Energy Corp., Class A, warrants, expire 20261 | 20,823 | 362 | |
Sable Permian Resources, LLC, Class A, warrants, expire 20241,2,3 | 4,392 | —8 | |
Total rights & warrants (cost: $2,716,000) | 896 | ||
Convertible stocks 0.48% Information technology 0.29% | |||
Broadcom Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 60,000 | 88,469 | |
Financials 0.14% | |||
2020 Cash Mandatory Exchangeable Trust, convertible preferred shares, 5.25% 20237 | 37,778 | 42,582 | |
Health care 0.05% | |||
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 20234 | 13,300 | 17,226 | |
Total convertible stocks (cost: $109,737,000) | 148,277 |
American Funds Insurance Series — Asset Allocation Fund — Page 83 of 240
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Bonds, notes & other debt instruments 27.02% Corporate bonds, notes & loans 11.75% Financials 2.16% | Principal amount (000) | Value (000) | |
ACE INA Holdings Inc. 2.875% 2022 | $3,880 | $4,015 | |
ACE INA Holdings Inc. 3.35% 2026 | 1,380 | 1,505 | |
ACE INA Holdings Inc. 4.35% 2045 | 800 | 948 | |
Advisor Group Holdings, LLC 6.25% 20287 | 2,445 | 2,564 | |
AG Merger Sub II, Inc. 10.75% 20277 | 2,920 | 3,276 | |
Allstate Corp. 3.85% 2049 | 950 | 1,048 | |
Ally Financial Inc. 8.00% 2031 | 3,000 | 4,051 | |
American International Group, Inc. 2.50% 2025 | 15,800 | 16,587 | |
American International Group, Inc. 4.20% 2028 | 565 | 635 | |
American International Group, Inc. 3.40% 2030 | 4,540 | 4,831 | |
American International Group, Inc. 4.375% 2050 | 1,770 | 2,024 | |
AON Corp. 2.20% 2022 | 2,236 | 2,297 | |
Bangkok Bank PCL 3.733% 2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)9 | 2,428 | 2,449 | |
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023)9 | 6,000 | 6,332 | |
Bank of America Corp. 1.197% 2026 (USD-SOFR + 1.01% on 10/24/2025)9 | 2,500 | 2,469 | |
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027)9 | 4,511 | 4,847 | |
Bank of America Corp. 1.898% 2031 (USD-SOFR + 1.53% on 7/23/2030)9 | 32,701 | 30,743 | |
Bank of America Corp. 1.922% 2031 (USD-SOFR + 1.37% on 10/24/2030)9 | 3,700 | 3,485 | |
Bank of America Corp. 2.651% 2032 (USD-SOFR + 1.22% on 3/11/2031)9 | 16,139 | 16,194 | |
Bank of America Corp. 2.676% 2041 (USD-SOFR + 1.93% on 6/19/2040)9 | 750 | 704 | |
Bank of Nova Scotia 1.625% 2023 | 5,000 | 5,128 | |
Bank of Nova Scotia 1.05% 2026 | 10,475 | 10,316 | |
BB&T Corp. 2.625% 2022 | 2,500 | 2,542 | |
BB&T Corp. 2.75% 2022 | 762 | 779 | |
Berkshire Hathaway Finance Corp. 4.20% 2048 | 6,570 | 7,594 | |
Berkshire Hathaway Finance Corp. 4.25% 2049 | 1,125 | 1,306 | |
Berkshire Hathaway Inc. 2.75% 2023 | 1,615 | 1,688 | |
Berkshire Hathaway Inc. 3.125% 2026 | 500 | 545 | |
BNP Paribas 3.375% 20257 | 3,225 | 3,466 | |
Citigroup Inc. 2.312% 2022 (USD-SOFR + 0.867% on 11/4/2021)9 | 5,000 | 5,054 | |
Citigroup Inc. 2.976% 2030 (USD-SOFR + 1.422% on 11/5/2029)9 | 3,254 | 3,368 | |
Citigroup Inc. 2.572% 2031 (USD-SOFR + 2.107% on 6/3/2030)9 | 4,275 | 4,275 | |
CME Group Inc. 3.75% 2028 | 3,425 | 3,812 | |
Commonwealth Bank of Australia 3.35% 2024 | 1,225 | 1,330 | |
Commonwealth Bank of Australia 3.35% 20247 | 1,000 | 1,085 | |
Commonwealth Bank of Australia 2.688% 20317 | 7,575 | 7,365 | |
Compass Diversified Holdings 5.25% 20297 | 640 | 672 | |
Crédit Agricole SA 4.375% 20257 | 850 | 935 | |
Crédit Agricole SA 1.247% 2027 (USD-SOFR + 0.892% on 1/26/2026)7,9 | 1,575 | 1,541 | |
Credit Suisse AG (New York Branch) 2.95% 2025 | 2,700 | 2,864 | |
Credit Suisse Group AG 3.80% 2023 | 1,625 | 1,725 | |
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR + 1.41% on 1/12/2028)7,9 | 800 | 859 | |
Credit Suisse Group AG 4.194% 2031 (USD-SOFR + 3.73% on 4/1/2030)7,9 | 11,625 | 12,660 | |
Danske Bank AS 2.70% 20227 | 1,000 | 1,021 | |
Deutsche Bank AG 2.129% 2026 (USD-SOFR + 1.87% on 11/24/2025)9 | 6,554 | 6,575 | |
Deutsche Bank AG 3.547% 2031 (USD-SOFR + 3.043% on 9/18/2030)9 | 3,650 | 3,773 | |
DNB Bank ASA 2.375% 20217 | 2,000 | 2,007 | |
FS Energy and Power Fund 7.50% 20237 | 2,995 | 3,018 | |
Goldman Sachs Group, Inc. 0.855% 2026 (USD-SOFR + 0.609% on 2/12/2025)9 | 1,175 | 1,156 | |
Goldman Sachs Group, Inc. 1.093% 2026 (USD-SOFR + 0.789% on 12/9/2025)9 | 7,510 | 7,362 | |
Goldman Sachs Group, Inc. 1.431% 2027 (USD-SOFR + 0.795% on 3/9/2026)9 | 5,649 | 5,601 | |
Goldman Sachs Group, Inc. 3.814% 2029 (3-month USD-LIBOR + 1.158% on 4/23/2028)9 | 390 | 428 | |
Goldman Sachs Group, Inc. 2.60% 2030 | 7,000 | 7,091 |
American Funds Insurance Series — Asset Allocation Fund — Page 84 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
Goldman Sachs Group, Inc. 1.992% 2032 (USD-SOFR + 1.09% on 1/27/2031)9 | $1,319 | $1,253 | |
Groupe BPCE SA 2.75% 20237 | 600 | 624 | |
Groupe BPCE SA 5.70% 20237 | 3,460 | 3,868 | |
Groupe BPCE SA 5.15% 20247 | 2,500 | 2,800 | |
Groupe BPCE SA 1.00% 20267 | 6,100 | 5,957 | |
Groupe BPCE SA 1.652% 2026 (USD-SOFR + 1.52% on 10/6/2025)7,9 | 6,375 | 6,367 | |
Groupe BPCE SA 2.277% 2032 (USD-SOFR + 1.312% on 1/20/2031)7,9 | 3,375 | 3,267 | |
Hartford Financial Services Group, Inc. 3.60% 2049 | 1,000 | 1,041 | |
HSBC Holdings PLC 3.262% 2023 (3-month USD-LIBOR + 1.055% on 3/13/2022)9 | 1,500 | 1,538 | |
HSBC Holdings PLC 4.25% 2024 | 3,000 | 3,267 | |
HSBC Holdings PLC 2.633% 2025 (3-month USD-LIBOR + 1.14% on 11/7/2024)9 | 625 | 654 | |
HSBC Holdings PLC 2.099% 2026 (USD-SOFR + 1.929% on 6/4/2025)9 | 6,000 | 6,107 | |
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028)9 | 4,675 | 5,259 | |
HSBC Holdings PLC 3.973% 2030 (3-month USD-LIBOR + 1.61% on 5/22/2029)9 | 9,675 | 10,480 | |
Icahn Enterprises Finance Corp. 6.25% 2022 | 2,143 | 2,148 | |
Icahn Enterprises Finance Corp. 5.25% 2027 | 1,185 | 1,226 | |
Icahn Enterprises Finance Corp. 4.375% 20297 | 2,200 | 2,153 | |
Intercontinental Exchange, Inc. 2.65% 2040 | 7,425 | 6,889 | |
Intercontinental Exchange, Inc. 3.00% 2060 | 2,380 | 2,122 | |
Intesa Sanpaolo SpA 3.375% 20237 | 750 | 782 | |
Intesa Sanpaolo SpA 3.25% 20247 | 750 | 799 | |
Intesa Sanpaolo SpA 5.017% 20247 | 1,730 | 1,891 | |
Intesa Sanpaolo SpA 3.875% 20277 | 300 | 325 | |
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR + 0.73% on 4/23/2023)9 | 4,725 | 5,009 | |
JPMorgan Chase & Co. 0.563% 2025 (USD-SOFR + 0.375% on 2/16/2024)9 | 700 | 695 | |
JPMorgan Chase & Co. 1.04% 2027 (USD-SOFR + 0.695% on 2/4/2026)9 | 16,491 | 16,092 | |
JPMorgan Chase & Co. 2.522% 2031 (USD-SOFR + 2.04% on 4/22/2030)9 | 3,385 | 3,381 | |
JPMorgan Chase & Co. 2.525% 2041 (USD-SOFR + 1.51% on 11/19/2040)9 | 1,790 | 1,643 | |
JPMorgan Chase & Co. 3.109% 2051 (USD-SOFR + 3.109% on 4/22/2050)9 | 3,236 | 3,175 | |
JPMorgan Chase & Co., Series Z, junior subordinated, 4.005% (3-month USD-LIBOR + 3.80% on 8/2/2021)9 | 500 | 501 | |
Kasikornbank PC HK 3.343% 2031 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.70% on 10/2/2026)9 | 1,222 | 1,250 | |
Ladder Capital Corp. 5.25% 20227 | 475 | 479 | |
Ladder Capital Corp. 4.25% 20277 | 3,757 | 3,710 | |
Lloyds Banking Group PLC 2.907% 2023 (3-month USD-LIBOR + 0.81% on 11/7/2022)9 | 750 | 777 | |
Lloyds Banking Group PLC 4.05% 2023 | 2,000 | 2,159 | |
Lloyds Banking Group PLC 3.87% 2025 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.50% on 7/9/2024)9 | 6,340 | 6,905 | |
Lloyds Banking Group PLC 4.45% 2025 | 800 | 895 | |
Lloyds Banking Group PLC 4.375% 2028 | 2,150 | 2,415 | |
LPL Financial Holdings Inc. 4.625% 20277 | 2,200 | 2,289 | |
Marsh & McLennan Companies, Inc. 3.875% 2024 | 820 | 896 | |
Marsh & McLennan Companies, Inc. 4.375% 2029 | 1,705 | 1,957 | |
Marsh & McLennan Companies, Inc. 4.90% 2049 | 1,539 | 1,970 | |
MetLife, Inc. 4.55% 2030 | 3,770 | 4,401 | |
Metropolitan Life Global Funding I 1.95% 20217 | 1,250 | 1,258 | |
Metropolitan Life Global Funding I 1.95% 20237 | 7,800 | 8,013 | |
Metropolitan Life Global Funding I 0.95% 20257 | 18,767 | 18,575 | |
MGIC Investment Corp. 5.25% 2028 | 1,175 | 1,223 | |
Mitsubishi UFJ Financial Group, Inc. 2.623% 2022 | 1,610 | 1,655 | |
Mitsubishi UFJ Financial Group, Inc. 2.801% 2024 | 1,610 | 1,708 | |
Mitsubishi UFJ Financial Group, Inc. 3.195% 2029 | 5,000 | 5,255 | |
Morgan Stanley 2.50% 2021 | 3,000 | 3,003 |
American Funds Insurance Series — Asset Allocation Fund — Page 85 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
Morgan Stanley 3.70% 2024 | $2,410 | $2,640 | |
Morgan Stanley 3.737% 2024 (3-month USD-LIBOR + 0.847% on 4/24/2023)9 | 300 | 319 | |
Morgan Stanley 0.985% 2026 (USD-SOFR + 0.72% on 12/10/2025)9 | 17,545 | 17,133 | |
Morgan Stanley 3.125% 2026 | 325 | 350 | |
Morgan Stanley 2.699% 2031 (USD-SOFR + 1.143% on 1/22/2030)9 | 2,000 | 2,037 | |
Morgan Stanley 1.794% 2032 (USD-SOFR + 1.034% on 2/13/2031)9 | 3,000 | 2,803 | |
Morgan Stanley 1.928% 2032 (USD-SOFR + 1.02% on 4/28/2031)9 | 6,699 | 6,334 | |
Navient Corp. 6.50% 2022 | 2,550 | 2,681 | |
Navient Corp. 5.50% 2023 | 10,165 | 10,578 | |
Navient Corp. 7.25% 2023 | 725 | 786 | |
Navient Corp. 5.875% 2024 | 1,005 | 1,058 | |
Navient Corp. 6.125% 2024 | 8,030 | 8,527 | |
New York Life Global Funding 1.70% 20217 | 1,125 | 1,132 | |
New York Life Global Funding 2.30% 20227 | 250 | 256 | |
New York Life Global Funding 0.95% 20257 | 8,537 | 8,467 | |
New York Life Global Funding 0.85% 20267 | 2,230 | 2,181 | |
New York Life Global Funding 2.35% 20267 | 890 | 929 | |
New York Life Global Funding 1.20% 20307 | 3,528 | 3,200 | |
Northwestern Mutual Global Funding 0.80% 20267 | 3,747 | 3,665 | |
Owl Rock Capital Corp. 4.625% 20247 | 2,305 | 2,407 | |
Owl Rock Capital Corp. 3.75% 2025 | 2,874 | 2,983 | |
Owl Rock Capital Corp. 4.00% 2025 | 102 | 107 | |
Owl Rock Capital Corp. 3.375% 2026 | 1,290 | 1,308 | |
PNC Bank 2.55% 2021 | 4,000 | 4,057 | |
PNC Financial Services Group, Inc. 2.854% 20229 | 1,445 | 1,501 | |
PNC Financial Services Group, Inc. 3.90% 2024 | 2,000 | 2,184 | |
Power Financial Corp. Ltd. 5.25% 2028 | 383 | 428 | |
Power Financial Corp. Ltd. 6.15% 2028 | 350 | 413 | |
Power Financial Corp. Ltd. 4.50% 2029 | 554 | 589 | |
Power Financial Corp. Ltd. 3.95% 2030 | 1,213 | 1,244 | |
Progressive Corp. 3.20% 2030 | 1,380 | 1,484 | |
Prudential Financial, Inc. 3.878% 2028 | 500 | 564 | |
Prudential Financial, Inc. 4.35% 2050 | 7,000 | 8,116 | |
Quicken Loans, LLC 3.625% 20297 | 1,505 | 1,451 | |
Rabobank Nederland 2.75% 2022 | 2,250 | 2,294 | |
Rabobank Nederland 4.375% 2025 | 4,500 | 4,987 | |
Royal Bank of Canada 3.20% 2021 | 12,000 | 12,026 | |
Royal Bank of Canada 1.15% 2025 | 11,711 | 11,710 | |
Royal Bank of Canada 0.875% 2026 | 18,000 | 17,683 | |
Skandinaviska Enskilda Banken AB 1.875% 2021 | 1,675 | 1,687 | |
Skandinaviska Enskilda Banken AB 2.80% 2022 | 700 | 716 | |
Springleaf Finance Corp. 6.125% 2024 | 4,550 | 4,920 | |
Starwood Property Trust, Inc. 5.00% 2021 | 6,625 | 6,729 | |
Starwood Property Trust, Inc. 5.50% 20237 | 1,160 | 1,214 | |
Swiss Re Finance (Luxembourg) SA 5.00% 2049 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.582% on 4/2/2029)7,9 | 2,800 | 3,181 | |
Toronto-Dominion Bank 2.65% 2024 | 625 | 663 | |
Toronto-Dominion Bank 0.75% 2025 | 5,375 | 5,269 | |
Toronto-Dominion Bank 1.15% 2025 | 12,000 | 12,015 | |
Travelers Companies, Inc. 4.00% 2047 | 860 | 981 | |
Travelers Companies, Inc. 4.10% 2049 | 910 | 1,067 | |
Travelers Companies, Inc. 2.55% 2050 | 172 | 154 | |
Travelport Finance Luxembourg SARL, Term Loan, (3-month USD-LIBOR + 8.00%) 9.00% 2025 (72.22% PIK)10,11,12 | 24 | 25 |
American Funds Insurance Series — Asset Allocation Fund — Page 86 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
U.S. Bancorp 2.625% 2022 | $1,805 | $1,837 | |
U.S. Bancorp 2.40% 2024 | 2,000 | 2,109 | |
U.S. Bancorp 3.70% 2024 | 5,000 | 5,429 | |
U.S. Bancorp 2.375% 2026 | 4,000 | 4,176 | |
UBS Group AG 4.125% 20257 | 2,750 | 3,055 | |
UBS Group AG 1.364% 2027 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.08% on 1/30/2026)7,9 | 2,925 | 2,884 | |
UniCredit SpA 3.75% 20227 | 5,725 | 5,895 | |
UniCredit SpA 6.572% 20227 | 475 | 495 | |
UniCredit SpA 4.625% 20277 | 625 | 704 | |
Wells Fargo & Company 2.406% 2025 (3-month USD-LIBOR + 0.825% on 10/30/2024)9 | 10,000 | 10,451 | |
Wells Fargo & Company 2.164% 2026 (3-month USD-LIBOR + 0.75% on 2/11/2025)9 | 8,000 | 8,257 | |
Wells Fargo & Company 3.196% 2027 (3-month USD-LIBOR + 1.17% on 6/17/2026)9 | 1,988 | 2,132 | |
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR + 1.31% on 5/22/2027)9 | 217 | 237 | |
Wells Fargo & Company 2.879% 2030 (3-month USD-LIBOR + 1.17% on 10/30/2029)9 | 6,556 | 6,759 | |
Wells Fargo & Company 2.572% 2031 (3-month USD-LIBOR + 1.00% on 2/11/2030)9 | 2,416 | 2,431 | |
Westpac Banking Corp. 2.75% 2023 | 1,750 | 1,825 | |
Westpac Banking Corp. 2.894% 2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.35% on 2/4/2025)9 | 8,500 | 8,766 | |
Westpac Banking Corp. 2.668% 2035 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 11/15/2030)9 | 3,325 | 3,159 | |
Westpac Banking Corp. 2.963% 2040 | 1,500 | 1,397 | |
665,282 | |||
Utilities 1.51% | |||
AEP Transmission Co. LLC 3.75% 2047 | 2,390 | 2,549 | |
AEP Transmission Co. LLC 4.25% 2048 | 1,279 | 1,477 | |
AEP Transmission Co. LLC 3.15% 2049 | 328 | 321 | |
AEP Transmission Co. LLC 3.65% 2050 | 494 | 526 | |
Ameren Corp. 2.50% 2024 | 969 | 1,020 | |
Ameren Corp. 3.50% 2031 | 4,829 | 5,133 | |
Ameren Corp. 4.50% 2049 | 425 | 513 | |
American Electric Power Company, Inc. 2.95% 2022 | 3,020 | 3,123 | |
American Electric Power Company, Inc. 1.00% 2025 | 625 | 613 | |
Atlantic City Electric Co. 2.30% 2031 | 1,200 | 1,187 | |
Calpine Corp. 3.75% 20317 | 1,300 | 1,241 | |
Centerpoint Energy, Inc. 2.50% 2022 | 900 | 925 | |
CenterPoint Energy, Inc. 3.85% 2024 | 1,638 | 1,776 | |
CenterPoint Energy, Inc. 2.95% 2030 | 50 | 51 | |
CenterPoint Energy, Inc. 3.70% 2049 | 2,775 | 2,757 | |
CenterPoint Energy, Inc. 2.90% 2050 | 350 | 328 | |
CMS Energy Corp. 3.00% 2026 | 1,004 | 1,067 | |
CMS Energy Corp. 3.45% 2027 | 1,850 | 2,036 | |
Comisión Federal de Electricidad 4.75% 20277 | 645 | 710 | |
Commonwealth Edison Co. 4.35% 2045 | 1,585 | 1,841 | |
Commonwealth Edison Co. 4.00% 2048 | 2,600 | 2,914 | |
Connecticut Light and Power Co. 0.75% 2025 | 825 | 810 | |
Connecticut Light and Power Co. 3.20% 2027 | 1,525 | 1,659 | |
Consolidated Edison Company of New York, Inc. 4.50% 2058 | 5,380 | 6,191 | |
Consumers Energy Co. 3.25% 2046 | 507 | 508 | |
Consumers Energy Co. 4.05% 2048 | 3,017 | 3,474 | |
Consumers Energy Co. 3.10% 2050 | 1,730 | 1,709 | |
Consumers Energy Co. 3.75% 2050 | 1,193 | 1,318 | |
Dominion Resources, Inc. 2.00% 2021 | 665 | 668 |
American Funds Insurance Series — Asset Allocation Fund — Page 87 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
Dominion Resources, Inc. 2.75% 2022 | $800 | $813 | |
Dominion Resources, Inc. 3.30% 2025 | 1,164 | 1,251 | |
Dominion Resources, Inc. 2.85% 2026 | 750 | 797 | |
Dominion Resources, Inc. 3.375% 2030 | 2,000 | 2,132 | |
Dominion Resources, Inc., junior subordinated, 3.071% 20249 | 1,775 | 1,892 | |
DPL Inc. 4.125% 20257 | 1,160 | 1,230 | |
DTE Energy Company 3.95% 2049 | 1,800 | 2,017 | |
Duke Energy Carolinas, LLC 3.95% 2028 | 1,250 | 1,408 | |
Duke Energy Carolinas, LLC 2.55% 2031 | 2,561 | 2,581 | |
Duke Energy Carolinas, LLC 3.45% 2051 | 3,000 | 3,073 | |
Duke Energy Corp. 0.90% 2025 | 800 | 783 | |
Duke Energy Florida, LLC 3.20% 2027 | 1,445 | 1,564 | |
Duke Energy Florida, LLC 1.75% 2030 | 5,000 | 4,735 | |
Duke Energy Indiana, Inc. 3.25% 2049 | 1,225 | 1,211 | |
Duke Energy Ohio, Inc. 2.125% 2030 | 850 | 828 | |
Duke Energy Progress Inc. 3.70% 2046 | 750 | 792 | |
Duke Energy Progress, LLC 2.50% 2050 | 1,459 | 1,247 | |
Edison International 3.55% 2024 | 4,763 | 5,123 | |
Edison International 5.75% 2027 | 604 | 706 | |
Edison International 4.125% 2028 | 10,733 | 11,527 | |
EDP Finance BV 3.625% 20247 | 4,100 | 4,430 | |
Electricité de France SA 4.75% 20357 | 1,250 | 1,466 | |
Electricité de France SA 4.875% 20387 | 2,750 | 3,224 | |
Electricité de France SA 5.60% 2040 | 525 | 666 | |
Emera US Finance LP 3.55% 2026 | 320 | 347 | |
Enersis Américas SA 4.00% 2026 | 245 | 268 | |
Entergy Corp. 2.95% 2026 | 3,636 | 3,880 | |
Entergy Corp. 3.12% 2027 | 3,000 | 3,252 | |
Entergy Corp. 1.60% 2030 | 875 | 816 | |
Entergy Corp. 2.80% 2030 | 4,025 | 4,059 | |
Entergy Corp. 2.40% 2031 | 4,100 | 3,970 | |
Entergy Corp. 3.75% 2050 | 850 | 855 | |
Entergy Louisiana, LLC 4.20% 2048 | 4,200 | 4,742 | |
Entergy Texas, Inc. 1.75% 2031 | 5,575 | 5,183 | |
Evergy Metro, Inc. 2.25% 2030 | 1,320 | 1,305 | |
Eversource Energy 3.80% 2023 | 2,730 | 2,953 | |
Exelon Corp. 4.70% 2050 | 500 | 601 | |
Exelon Corp., junior subordinated, 3.497% 20229 | 1,075 | 1,109 | |
FirstEnergy Corp. 1.60% 2026 | 4,160 | 4,050 | |
FirstEnergy Corp. 4.40% 20279 | 6,708 | 7,219 | |
FirstEnergy Corp. 2.25% 2030 | 23,011 | 21,370 | |
FirstEnergy Corp. 2.65% 2030 | 14,081 | 13,411 | |
FirstEnergy Corp. 3.40% 2050 | 5,275 | 4,640 | |
FirstEnergy Transmission LLC 2.866% 20287 | 6,675 | 6,740 | |
Florida Power & Light Company 5.95% 2038 | 450 | 614 | |
Florida Power & Light Company 3.15% 2049 | 1,975 | 1,993 | |
Gulf Power Co. 3.30% 2027 | 4,500 | 4,875 | |
Interstate Power and Light Co. 2.30% 2030 | 825 | 815 | |
Jersey Central Power & Light Co. 4.30% 20267 | 1,790 | 1,959 | |
MidAmerican Energy Holdings Co. 3.10% 2027 | 2,000 | 2,170 | |
Mississippi Power Co. 3.95% 2028 | 2,814 | 3,106 | |
National Grid PLC 3.15% 20277 | 275 | 293 | |
NextEra Energy Capital Holdings, Inc. 2.75% 2029 | 641 | 658 | |
Northern States Power Co. 2.25% 2031 | 4,338 | 4,338 |
American Funds Insurance Series — Asset Allocation Fund — Page 88 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
Northern States Power Co. 4.125% 2044 | $6,000 | $6,822 | |
Northern States Power Co. 2.60% 2051 | 2,071 | 1,860 | |
Northern States Power Co. 3.20% 2052 | 212 | 213 | |
NRG Energy, Inc. 3.625% 20317 | 2,250 | 2,198 | |
Oncor Electric Delivery Company LLC 2.75% 2024 | 1,525 | 1,617 | |
Pacific Gas and Electric Co. 1.75% 2022 | 1,575 | 1,577 | |
Pacific Gas and Electric Co. 4.25% 2023 | 3,445 | 3,677 | |
Pacific Gas and Electric Co. 3.40% 2024 | 1,389 | 1,473 | |
Pacific Gas and Electric Co. 2.95% 2026 | 7,825 | 8,071 | |
Pacific Gas and Electric Co. 3.15% 2026 | 6,461 | 6,736 | |
Pacific Gas and Electric Co. 2.10% 2027 | 14,885 | 14,595 | |
Pacific Gas and Electric Co. 3.30% 2027 | 4,868 | 5,081 | |
Pacific Gas and Electric Co. 3.30% 2027 | 4,775 | 4,994 | |
Pacific Gas and Electric Co. 3.75% 2028 | 500 | 531 | |
Pacific Gas and Electric Co. 4.65% 2028 | 5,449 | 6,007 | |
Pacific Gas and Electric Co. 4.55% 2030 | 438 | 475 | |
Pacific Gas and Electric Co. 2.50% 2031 | 20,257 | 19,129 | |
Pacific Gas and Electric Co. 3.25% 2031 | 1,000 | 998 | |
Pacific Gas and Electric Co. 3.30% 2040 | 375 | 341 | |
Pacific Gas and Electric Co. 4.20% 2041 | 9,100 | 9,073 | |
Pacific Gas and Electric Co. 3.75% 2042 | 1,505 | 1,384 | |
Pacific Gas and Electric Co. 3.50% 2050 | 7,060 | 6,148 | |
PacifiCorp., First Mortgage Bonds, 3.60% 2024 | 5,695 | 6,137 | |
PacifiCorp., First Mortgage Bonds, 4.125% 2049 | 5,500 | 6,135 | |
Peco Energy Co. 2.80% 2050 | 975 | 911 | |
Pennsylvania Electric Co. 3.25% 20287 | 3,000 | 3,085 | |
PG&E Corp. 5.00% 2028 | 4,750 | 5,025 | |
Public Service Company of Colorado 2.25% 2022 | 2,000 | 2,039 | |
Public Service Company of Colorado 1.875% 2031 | 6,200 | 5,939 | |
Public Service Company of Colorado 3.80% 2047 | 1,720 | 1,858 | |
Public Service Electric and Gas Co. 0.95% 2026 | 6,750 | 6,662 | |
Public Service Electric and Gas Co. 3.65% 2028 | 1,700 | 1,885 | |
Public Service Electric and Gas Co. 3.20% 2029 | 3,778 | 4,050 | |
Public Service Electric and Gas Co. 2.45% 2030 | 679 | 687 | |
Public Service Electric and Gas Co. 3.60% 2047 | 548 | 586 | |
Public Service Electric and Gas Co. 2.05% 2050 | 1,165 | 940 | |
Public Service Electric and Gas Co. 3.15% 2050 | 4,150 | 4,155 | |
Public Service Enterprise Group Inc. 2.65% 2022 | 1,900 | 1,966 | |
Public Service Enterprise Group Inc. 2.25% 2026 | 345 | 361 | |
Public Service Enterprise Group Inc. 1.60% 2030 | 4,375 | 4,038 | |
Puget Energy, Inc. 6.00% 2021 | 1,823 | 1,863 | |
Puget Energy, Inc. 5.625% 2022 | 1,965 | 2,068 | |
Puget Sound Energy, Inc. 3.25% 2049 | 3,000 | 2,896 | |
San Diego Gas & Electric Co. 1.70% 2030 | 1,524 | 1,434 | |
San Diego Gas & Electric Co. 6.125% 2037 | 1,450 | 1,843 | |
San Diego Gas & Electric Co. 4.50% 2040 | 750 | 873 | |
San Diego Gas & Electric Co. 4.10% 2049 | 1,607 | 1,812 | |
Southern California Edison Co. 3.70% 2025 | 611 | 668 | |
Southern California Edison Co. 3.65% 2028 | 821 | 896 | |
Southern California Edison Co. 2.85% 2029 | 5,450 | 5,543 | |
Southern California Edison Co. 2.25% 2030 | 7,642 | 7,410 | |
Southern California Edison Co. 6.00% 2034 | 2,500 | 3,275 | |
Southern California Edison Co. 5.35% 2035 | 3,000 | 3,646 | |
Southern California Edison Co. 5.75% 2035 | 675 | 870 |
American Funds Insurance Series — Asset Allocation Fund — Page 89 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
Southern California Edison Co. 4.125% 2048 | $2,302 | $2,420 | |
Southern California Edison Co. 4.875% 2049 | 3,745 | 4,358 | |
Southern California Edison Co. 3.65% 2050 | 2,975 | 2,948 | |
Southern California Edison Co., Series C, 3.60% 2045 | 3,840 | 3,793 | |
Southern California Gas Company 2.55% 2030 | 4,650 | 4,679 | |
Talen Energy Corp. 10.50% 20267 | 885 | 794 | |
Talen Energy Corp. 7.25% 20277 | 4,655 | 4,767 | |
Talen Energy Supply, LLC 7.625% 20287 | 1,575 | 1,598 | |
Union Electric Co. 2.625% 2051 | 5,625 | 4,991 | |
Virginia Electric and Power Co. 3.80% 2028 | 2,000 | 2,211 | |
Virginia Electric and Power Co. 4.00% 2043 | 969 | 1,079 | |
Virginia Electric and Power Co. 4.60% 2048 | 2,650 | 3,261 | |
Virginia Electric and Power Co. 2.45% 2050 | 1,825 | 1,562 | |
Xcel Energy Inc. 3.35% 2026 | 5,000 | 5,423 | |
Xcel Energy Inc. 2.60% 2029 | 5,600 | 5,659 | |
Xcel Energy Inc. 6.50% 2036 | 2,000 | 2,838 | |
Xcel Energy Inc. 3.50% 2049 | 1,276 | 1,280 | |
463,749 | |||
Energy 1.36% | |||
Antero Resources Corp. 7.625% 20297 | 430 | 459 | |
Apache Corp. 4.875% 2027 | 2,150 | 2,207 | |
Apache Corp. 4.375% 2028 | 2,580 | 2,576 | |
BP Capital Markets America Inc. 1.749% 2030 | 673 | 637 | |
BP Capital Markets America Inc. 3.633% 2030 | 1,190 | 1,306 | |
BP Capital Markets America Inc. 2.772% 2050 | 7,552 | 6,605 | |
BP Capital Markets America Inc. 2.939% 2051 | 710 | 634 | |
Canadian Natural Resources Ltd. 2.95% 2023 | 1,935 | 2,009 | |
Canadian Natural Resources Ltd. 2.05% 2025 | 2,551 | 2,582 | |
Canadian Natural Resources Ltd. 3.85% 2027 | 4,448 | 4,819 | |
Canadian Natural Resources Ltd. 2.95% 2030 | 10,440 | 10,426 | |
Canadian Natural Resources Ltd. 4.95% 2047 | 1,559 | 1,810 | |
Cenovus Energy Inc. 3.80% 2023 | 3,970 | 4,198 | |
Cenovus Energy Inc. 4.25% 2027 | 5,690 | 6,159 | |
Cheniere Energy Partners, LP 5.625% 2026 | 2,475 | 2,592 | |
Cheniere Energy Partners, LP 4.50% 2029 | 1,085 | 1,127 | |
Cheniere Energy Partners, LP 4.00% 20317 | 4,485 | 4,569 | |
Cheniere Energy, Inc. 4.625% 20287 | 5,645 | 5,870 | |
Cheniere Energy, Inc. 3.70% 2029 | 5,977 | 6,311 | |
Chesapeake Energy Corp. 4.875% 202213 | 7,225 | 172 | |
Chesapeake Energy Corp. 5.50% 20267 | 685 | 714 | |
Chesapeake Energy Corp. 5.875% 20297 | 590 | 627 | |
Chevron Corp. 1.995% 2027 | 2,631 | 2,692 | |
Chevron Corp. 2.236% 2030 | 1,862 | 1,854 | |
Chevron USA Inc. 0.687% 2025 | 1,846 | 1,812 | |
Chevron USA Inc. 1.018% 2027 | 7,311 | 7,043 | |
CNX Resources Corp. 7.25% 20277 | 1,725 | 1,855 | |
CNX Resources Corp. 6.00% 20297 | 425 | 442 | |
Comstock Resources, Inc. 6.75% 20297 | 1,230 | 1,263 | |
ConocoPhillips 4.30% 20287 | 8,132 | 9,227 | |
ConocoPhillips 2.40% 20317 | 963 | 951 | |
Constellation Oil Services Holding SA 10.00% 2024 (100% PIK)7,11 | 1,084 | 306 | |
Continental Resources Inc. 5.75% 20317 | 1,430 | 1,618 | |
Diamond Offshore Drilling, Inc. 4.875% 204313 | 5,610 | 982 |
American Funds Insurance Series — Asset Allocation Fund — Page 90 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Diamondback Energy, Inc. 4.40% 2051 | $998 | $1,024 | |
Enbridge Energy Partners, LP 5.875% 2025 | 3,200 | 3,773 | |
Enbridge Energy Partners, LP 7.375% 2045 | 544 | 771 | |
Enbridge Energy Partners, LP, Series B, 7.50% 2038 | 2,000 | 2,723 | |
Enbridge Inc. 4.00% 2023 | 1,678 | 1,801 | |
Enbridge Inc. 2.50% 2025 | 1,700 | 1,774 | |
Enbridge Inc. 3.70% 2027 | 162 | 176 | |
Energy Transfer Operating, LP 2.90% 2025 | 1,601 | 1,668 | |
Energy Transfer Operating, LP 3.75% 2030 | 1,361 | 1,405 | |
Energy Transfer Operating, LP 5.00% 2050 | 24,466 | 25,362 | |
Energy Transfer Partners, LP 4.50% 2024 | 1,210 | 1,321 | |
Energy Transfer Partners, LP 4.75% 2026 | 2,494 | 2,771 | |
Energy Transfer Partners, LP 5.25% 2029 | 5,757 | 6,557 | |
Energy Transfer Partners, LP 6.00% 2048 | 774 | 892 | |
Energy Transfer Partners, LP 6.25% 2049 | 6,257 | 7,360 | |
Enterprise Products Operating LLC 2.80% 2030 | 942 | 974 | |
Enterprise Products Operating LLC 4.90% 2046 | 500 | 581 | |
Enterprise Products Operating LLC 3.20% 2052 | 1,954 | 1,787 | |
EQM Midstream Partners, LP 4.125% 2026 | 686 | 682 | |
EQM Midstream Partners, LP 6.50% 20277 | 2,690 | 2,929 | |
EQM Midstream Partners, LP 5.50% 2028 | 2,588 | 2,722 | |
EQM Midstream Partners, LP 4.75% 20317 | 1,635 | 1,588 | |
EQT Corp. 7.625% 2025 (7.375% on 2/1/2025)9 | 1,295 | 1,492 | |
EQT Corp. 3.90% 2027 | 450 | 460 | |
EQT Corp. 5.00% 2029 | 340 | 365 | |
EQT Corp. 8.50% 20309 | 1,110 | 1,417 | |
Equinor ASA 1.75% 2026 | 4,064 | 4,161 | |
Equinor ASA 3.625% 2028 | 3,685 | 4,048 | |
Exxon Mobil Corp. 2.019% 2024 | 643 | 670 | |
Exxon Mobil Corp. 2.992% 2025 | 2,000 | 2,145 | |
Exxon Mobil Corp. 2.44% 2029 | 1,963 | 1,995 | |
Exxon Mobil Corp. 3.452% 2051 | 200 | 202 | |
Genesis Energy, LP 5.625% 2024 | 575 | 563 | |
Genesis Energy, LP 6.50% 2025 | 3,572 | 3,508 | |
Genesis Energy, LP 8.00% 2027 | 595 | 604 | |
Halliburton Company 3.80% 2025 | 16 | 18 | |
Harvest Midstream I, LP 7.50% 20287 | 850 | 916 | |
Hess Midstream Partners LP 5.125% 20287 | 2,155 | 2,184 | |
Hilcorp Energy I, LP 5.75% 20257 | 2,575 | 2,591 | |
Hilcorp Energy I, LP 6.00% 20317 | 460 | 468 | |
Indigo Natural Resources LLC 5.375% 20297 | 1,355 | 1,337 | |
Kinder Morgan, Inc. 4.30% 2028 | 4,359 | 4,879 | |
Kinder Morgan, Inc. 2.00% 2031 | 3,000 | 2,794 | |
Kinder Morgan, Inc. 3.25% 2050 | 1,338 | 1,175 | |
Marathon Oil Corp. 4.40% 2027 | 1,005 | 1,107 | |
MPLX LP 1.75% 2026 | 1,756 | 1,760 | |
MPLX LP 4.125% 2027 | 500 | 555 | |
MPLX LP 4.80% 2029 | 1,724 | 1,978 | |
MPLX LP 2.65% 2030 | 8,266 | 8,110 | |
MPLX LP 4.50% 2038 | 750 | 821 | |
MPLX LP 4.70% 2048 | 2,500 | 2,713 | |
MPLX LP 5.50% 2049 | 6,393 | 7,522 | |
NGL Energy Operating LLC 7.50% 20267 | 5,990 | 6,166 | |
NGL Energy Partners LP 6.125% 2025 | 6,677 | 5,688 |
American Funds Insurance Series — Asset Allocation Fund — Page 91 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Oasis Midstream Partners LP / OMP Finance Corp. 8.00% 20297 | $2,765 | $2,841 | |
ONEOK, Inc. 2.20% 2025 | 527 | 537 | |
ONEOK, Inc. 5.85% 2026 | 16,837 | 19,731 | |
ONEOK, Inc. 3.10% 2030 | 2,141 | 2,158 | |
ONEOK, Inc. 6.35% 2031 | 1,601 | 2,014 | |
ONEOK, Inc. 5.20% 2048 | 2,798 | 3,066 | |
ONEOK, Inc. 4.50% 2050 | 873 | 877 | |
ONEOK, Inc. 7.15% 2051 | 812 | 1,098 | |
Peabody Energy Corp. 8.50% 20247,11 | 1,186 | 498 | |
Petrobras Global Finance Co. 6.75% 2050 | 2,240 | 2,395 | |
Petróleos Mexicanos 6.875% 20257 | 3,755 | 4,073 | |
Petróleos Mexicanos 5.35% 2028 | 1,870 | 1,822 | |
Phillips 66 2.15% 2030 | 1,541 | 1,460 | |
Phillips 66 Partners LP 3.55% 2026 | 160 | 171 | |
Phillips 66 Partners LP 4.68% 2045 | 400 | 417 | |
Phillips 66 Partners LP 4.90% 2046 | 275 | 302 | |
PIC AU Holdings Corp. / PIC AU Holdings LLC 10.00% 20247 | 443 | 409 | |
Pioneer Natural Resources Company 1.125% 2026 | 1,053 | 1,035 | |
Pioneer Natural Resources Company 1.90% 2030 | 1,422 | 1,321 | |
Pioneer Natural Resources Company 2.15% 2031 | 2,862 | 2,708 | |
Plains All American Pipeline, LP 3.80% 2030 | 830 | 846 | |
Range Resources Corp. 4.875% 2025 | 565 | 560 | |
Range Resources Corp. 8.25% 20297 | 520 | 557 | |
Rattler Midstream Partners LP 5.625% 20257 | 355 | 371 | |
Rockies Express Pipeline LLC 4.95% 20297 | 2,689 | 2,751 | |
Sabine Pass Liquefaction, LLC 5.875% 2026 | 923 | 1,082 | |
Sabine Pass Liquefaction, LLC 4.20% 2028 | 1,307 | 1,435 | |
Sabine Pass Liquefaction, LLC 4.50% 2030 | 11,548 | 12,982 | |
Schlumberger BV 3.75% 20247 | 495 | 534 | |
Schlumberger BV 4.00% 20257 | 70 | 77 | |
Shell International Finance BV 3.875% 2028 | 2,787 | 3,114 | |
Shell International Finance BV 2.75% 2030 | 5,000 | 5,170 | |
Shell International Finance BV 3.25% 2050 | 907 | 890 | |
Southwestern Energy Co. 6.45% 20259 | 1,760 | 1,893 | |
Southwestern Energy Co. 7.50% 2026 | 1,685 | 1,785 | |
Southwestern Energy Co. 7.75% 2027 | 450 | 482 | |
Southwestern Energy Co. 8.375% 2028 | 395 | 434 | |
Statoil ASA 2.75% 2021 | 1,925 | 1,954 | |
Statoil ASA 3.25% 2024 | 2,850 | 3,088 | |
Statoil ASA 4.25% 2041 | 2,000 | 2,260 | |
Suncor Energy Inc. 3.10% 2025 | 3,687 | 3,941 | |
Sunoco Logistics Operating Partners, LP 5.40% 2047 | 650 | 703 | |
Sunoco LP 4.50% 20297 | 795 | 794 | |
Tallgrass Energy Partners, LP 7.50% 20257 | 550 | 593 | |
Targa Resources Partners LP 5.875% 2026 | 1,350 | 1,416 | |
Targa Resources Partners LP 5.50% 2030 | 2,260 | 2,375 | |
Targa Resources Partners LP 4.875% 20317 | 1,065 | 1,081 | |
Targa Resources Partners LP 4.00% 20327 | 1,750 | 1,648 | |
Teekay Corp. 9.25% 20227 | 4,825 | 4,861 | |
Teekay Offshore Partners LP 8.50% 20237 | 3,550 | 3,222 | |
Total Capital International 3.127% 2050 | 198 | 187 | |
Total SE 2.986% 2041 | 11,607 | 11,155 | |
TransCanada PipeLines Ltd. 4.25% 2028 | 1,090 | 1,226 | |
TransCanada PipeLines Ltd. 4.10% 2030 | 7,951 | 8,873 |
American Funds Insurance Series — Asset Allocation Fund — Page 92 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
TransCanada PipeLines Ltd. 4.75% 2038 | $3,000 | $3,450 | |
TransCanada PipeLines Ltd. 4.875% 2048 | 700 | 829 | |
Valero Energy Corp. 4.00% 2029 | 4,000 | 4,315 | |
Weatherford International PLC 8.75% 20247 | 3,571 | 3,742 | |
Weatherford International PLC 11.00% 20247 | 9,918 | 9,540 | |
Western Gas Partners LP 4.50% 2028 | 4,468 | 4,661 | |
Western Midstream Operating, LP 5.30% 20309 | 1,300 | 1,413 | |
Williams Companies, Inc. 2.60% 2031 | 1,963 | 1,921 | |
Williams Companies, Inc. 3.50% 2030 | 10,474 | 11,117 | |
Williams Partners LP 4.30% 2024 | 85 | 93 | |
417,861 | |||
Health care 1.32% | |||
Abbott Laboratories 3.40% 2023 | 96 | 103 | |
Abbott Laboratories 3.75% 2026 | 2,209 | 2,481 | |
Abbott Laboratories 4.75% 2036 | 225 | 279 | |
Abbott Laboratories 4.90% 2046 | 250 | 326 | |
AbbVie Inc. 2.60% 2024 | 3,000 | 3,169 | |
AbbVie Inc. 3.60% 2025 | 10,000 | 10,900 | |
AbbVie Inc. 3.80% 2025 | 206 | 225 | |
AbbVie Inc. 2.95% 2026 | 1,445 | 1,540 | |
AmerisourceBergen Corp. 0.737% 2023 | 2,918 | 2,921 | |
AmerisourceBergen Corp. 2.70% 2031 | 4,510 | 4,506 | |
Amgen Inc. 2.20% 2027 | 2,429 | 2,493 | |
Anthem, Inc. 2.375% 2025 | 818 | 855 | |
AstraZeneca PLC 2.375% 2022 | 4,072 | 4,162 | |
AstraZeneca PLC 3.375% 2025 | 13,790 | 15,021 | |
AstraZeneca PLC 0.70% 2026 | 2,635 | 2,539 | |
AstraZeneca PLC 1.375% 2030 | 2,000 | 1,836 | |
Bausch Health Companies Inc. 5.00% 20287 | 1,735 | 1,759 | |
Bausch Health Companies Inc. 5.25% 20317 | 1,610 | 1,605 | |
Bayer US Finance II LLC 3.875% 20237 | 1,685 | 1,818 | |
Bayer US Finance II LLC 4.25% 20257 | 425 | 473 | |
Bayer US Finance II LLC 4.375% 20287 | 312 | 353 | |
Bayer US Finance II LLC 4.20% 20347 | 460 | 498 | |
Becton, Dickinson and Company 2.894% 2022 | 9,020 | 9,255 | |
Becton, Dickinson and Company 3.363% 2024 | 647 | 695 | |
Becton, Dickinson and Company 3.70% 2027 | 19,246 | 21,246 | |
Becton, Dickinson and Company 2.823% 2030 | 1,271 | 1,305 | |
Boston Scientific Corp. 3.45% 2024 | 3,100 | 3,330 | |
Boston Scientific Corp. 1.90% 2025 | 5,856 | 6,017 | |
Boston Scientific Corp. 3.85% 2025 | 2,289 | 2,532 | |
Boston Scientific Corp. 3.75% 2026 | 2,595 | 2,867 | |
Boston Scientific Corp. 4.00% 2029 | 1,550 | 1,725 | |
Boston Scientific Corp. 2.65% 2030 | 4,030 | 4,072 | |
Boston Scientific Corp. 4.70% 2049 | 515 | 624 | |
Bristol-Myers Squibb Company 1.45% 2030 | 3,030 | 2,835 | |
Centene Corp. 4.25% 2027 | 565 | 595 | |
Centene Corp. 4.625% 2029 | 9,665 | 10,473 | |
Centene Corp. 3.00% 2030 | 8,995 | 8,991 | |
Centene Corp. 3.375% 2030 | 3,397 | 3,434 | |
Centene Corp. 2.50% 2031 | 4,185 | 4,002 | |
Cigna Corp. 3.75% 2023 | 996 | 1,066 | |
Cigna Corp. 4.125% 2025 | 2,000 | 2,231 |
American Funds Insurance Series — Asset Allocation Fund — Page 93 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
Cigna Corp. 2.375% 2031 | $11,361 | $11,184 | |
Cigna Corp. 4.80% 2038 | 3,880 | 4,646 | |
CVS Health Corp. 4.30% 2028 | 588 | 668 | |
CVS Health Corp. 1.75% 2030 | 4,000 | 3,737 | |
CVS Health Corp. 1.875% 2031 | 4,000 | 3,761 | |
DaVita Inc. 4.625% 20307 | 1,025 | 1,046 | |
Eli Lilly and Company 3.375% 2029 | 5,020 | 5,534 | |
Encompass Health Corp. 4.50% 2028 | 1,449 | 1,486 | |
Endo Dac / Endo Finance LLC / Endo Finco 9.50% 20277 | 4,517 | 4,915 | |
Endo International PLC 5.75% 20227 | 7,340 | 7,312 | |
Endo Luxembourg Finance Co I SARL / Endo US Inc. 6.125% 20297 | 1,560 | 1,576 | |
GlaxoSmithKline PLC 3.625% 2025 | 4,585 | 5,045 | |
GlaxoSmithKline PLC 3.875% 2028 | 1,312 | 1,486 | |
HCA Inc. 5.375% 2025 | 515 | 575 | |
HCA Inc. 4.125% 2029 | 2,250 | 2,496 | |
HCA Inc. 3.50% 2030 | 2,650 | 2,676 | |
HealthSouth Corp. 5.75% 2025 | 2,685 | 2,780 | |
Johnson & Johnson 1.30% 2030 | 3,372 | 3,174 | |
Mallinckrodt PLC 10.00% 20257 | 4,155 | 4,643 | |
Medtronic, Inc. 3.50% 2025 | 701 | 769 | |
Merck & Co., Inc. 1.45% 2030 | 3,130 | 2,986 | |
Molina Healthcare, Inc. 5.375% 2022 | 6,985 | 7,337 | |
Molina Healthcare, Inc. 3.875% 20307 | 2,899 | 2,990 | |
Novartis Capital Corp. 1.75% 2025 | 4,731 | 4,875 | |
Novartis Capital Corp. 2.00% 2027 | 4,336 | 4,477 | |
Novartis Capital Corp. 2.20% 2030 | 4,995 | 5,034 | |
Owens & Minor, Inc. 4.375% 2024 | 5,615 | 5,815 | |
Owens & Minor, Inc. 4.50% 20297 | 2,260 | 2,274 | |
Par Pharmaceutical Inc. 7.50% 20277 | 7,028 | 7,463 | |
Partners HealthCare System, Inc. 3.192% 2049 | 1,920 | 1,929 | |
Pfizer Inc. 2.95% 2024 | 3,825 | 4,110 | |
Pfizer Inc. 3.45% 2029 | 8,000 | 8,789 | |
Pfizer Inc. 1.70% 2030 | 2,770 | 2,680 | |
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.00% 2023 (100% PIK)2,3,10,11,12 | 4,218 | 4,260 | |
Shire PLC 2.875% 2023 | 3,413 | 3,588 | |
Shire PLC 3.20% 2026 | 14,821 | 15,979 | |
STERIS Irish FinCo Unlimited Company 3.75% 2051 | 710 | 717 | |
Team Health Holdings, Inc. 6.375% 20257 | 2,890 | 2,561 | |
Team Health Holdings, Inc., Term Loan B, 3.75% 202410,12 | 2,171 | 2,026 | |
Tenet Healthcare Corp. 4.625% 2024 | 1,953 | 1,995 | |
Tenet Healthcare Corp. 4.875% 20267 | 16,225 | 16,890 | |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 5,664 | 5,646 | |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 12,016 | 12,825 | |
Teva Pharmaceutical Finance Co. BV 7.125% 2025 | 1,935 | 2,141 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 17,790 | 17,034 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 4,420 | 3,892 | |
UnitedHealth Group Inc. 2.375% 2024 | 590 | 622 | |
UnitedHealth Group Inc. 3.50% 2024 | 4,500 | 4,875 | |
UnitedHealth Group Inc. 3.375% 2027 | 245 | 269 | |
UnitedHealth Group Inc. 3.875% 2028 | 2,500 | 2,822 | |
UnitedHealth Group Inc. 2.875% 2029 | 1,050 | 1,112 | |
UnitedHealth Group Inc. 4.45% 2048 | 5,315 | 6,534 |
American Funds Insurance Series — Asset Allocation Fund — Page 94 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
Valeant Pharmaceuticals International, Inc. 6.125% 20257 | $14,550 | $14,931 | |
Zimmer Holdings, Inc. 3.15% 2022 | 7,070 | 7,223 | |
405,367 | |||
Communication services 0.94% | |||
Alphabet Inc. 1.998% 2026 | 3,000 | 3,126 | |
Alphabet Inc. 1.10% 2030 | 3,770 | 3,470 | |
Alphabet Inc. 1.90% 2040 | 1,375 | 1,191 | |
Alphabet Inc. 2.25% 2060 | 4,085 | 3,342 | |
AT&T Inc. 1.65% 2028 | 3,600 | 3,491 | |
AT&T Inc. 2.75% 2031 | 8,175 | 8,153 | |
AT&T Inc. 2.25% 2032 | 6,590 | 6,277 | |
AT&T Inc. 2.55% 20337 | 2,848 | 2,707 | |
AT&T Inc. 3.50% 20537 | 3,584 | 3,318 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 | 500 | 567 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.05% 2029 | 1,150 | 1,323 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20307 | 3,500 | 3,572 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 20307 | 2,500 | 2,594 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.80% 2031 | 10,842 | 10,709 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20317 | 2,975 | 2,985 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.30% 2032 | 2,500 | 2,327 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20327 | 2,710 | 2,747 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2049 | 570 | 642 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.80% 2050 | 800 | 860 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 3.70% 2051 | 3,770 | 3,532 | |
CenturyLink, Inc. 6.75% 2023 | 2,500 | 2,764 | |
CenturyLink, Inc. 7.50% 2024 | 1,500 | 1,683 | |
CenturyLink, Inc. 5.125% 20267 | 2,050 | 2,162 | |
CenturyLink, Inc. 4.00% 20277 | 700 | 716 | |
Comcast Corp. 3.00% 2024 | 500 | 534 | |
Comcast Corp. 3.70% 2024 | 2,245 | 2,453 | |
Comcast Corp. 3.95% 2025 | 1,470 | 1,643 | |
Comcast Corp. 2.35% 2027 | 4,000 | 4,179 | |
Comcast Corp. 4.15% 2028 | 2,608 | 2,987 | |
Comcast Corp. 3.20% 2036 | 750 | 784 | |
Comcast Corp. 3.90% 2038 | 1,000 | 1,125 | |
Comcast Corp. 4.60% 2038 | 2,000 | 2,417 | |
Comcast Corp. 3.75% 2040 | 594 | 653 | |
Comcast Corp. 4.00% 2048 | 250 | 280 | |
Comcast Corp. 2.80% 2051 | 1,791 | 1,645 | |
Comcast Corp. 2.45% 2052 | 2,000 | 1,714 | |
Deutsche Telekom International Finance BV 9.25% 2032 | 3,570 | 5,687 | |
Discovery Communications, Inc. 3.625% 2030 | 1,741 | 1,865 | |
Discovery Communications, Inc. 4.65% 2050 | 126 | 139 | |
Embarq Corp. 7.995% 2036 | 6,450 | 7,440 | |
Fox Corp. 4.03% 2024 | 1,120 | 1,217 | |
France Télécom 4.125% 2021 | 2,500 | 2,538 | |
Frontier Communications Corp. 5.875% 20277 | 2,225 | 2,363 | |
Frontier Communications Corp. 5.00% 20287 | 2,175 | 2,219 | |
Frontier Communications Corp. 6.75% 20297 | 2,400 | 2,536 | |
Gogo Inc. 9.875% 20247 | 20,346 | 21,452 | |
iHeartCommunications, Inc. 5.25% 20277 | 2,493 | 2,569 | |
Intelsat Jackson Holding Co. 8.00% 20247 | 7,275 | 7,542 | |
Intelsat Jackson Holding Co. 8.50% 20247,13 | 7,650 | 4,815 |
American Funds Insurance Series — Asset Allocation Fund — Page 95 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) | |
Intelsat Jackson Holding Co., Term Loan, (3-month USD-LIBOR + 5.50%) 6.50% 202110,12 | $2,072 | $2,107 | |
Intelsat Jackson Holding Co., Term Loan, 6.625% 202410 | 1,400 | 1,430 | |
Liberty Global PLC 5.50% 20287 | 2,075 | 2,148 | |
Ligado Networks LLC 15.50% 20237,11 | 3,050 | 3,066 | |
Live Nation Entertainment, Inc. 3.75% 20287 | 1,350 | 1,334 | |
MDC Partners Inc. 7.50% 20247,9 | 3,225 | 3,278 | |
Nexstar Broadcasting, Inc. 4.75% 20287 | 1,350 | 1,367 | |
Scripps Escrow II, Inc. 3.875% 20297 | 1,100 | 1,083 | |
Sinclair Television Group, Inc. 4.125% 20307 | 1,175 | 1,135 | |
Sirius XM Radio Inc. 4.625% 20247 | 3,345 | 3,450 | |
Sprint Corp. 7.625% 2026 | 4,125 | 5,058 | |
Sprint Corp. 6.875% 2028 | 7,550 | 9,535 | |
TEGNA Inc. 4.75% 20267 | 2,350 | 2,497 | |
TEGNA Inc. 4.625% 2028 | 425 | 433 | |
T-Mobile US, Inc. 1.50% 20267 | 3,000 | 2,976 | |
T-Mobile US, Inc. 2.05% 20287 | 2,050 | 2,013 | |
T-Mobile US, Inc. 2.55% 20317 | 2,659 | 2,608 | |
T-Mobile US, Inc. 2.875% 2031 | 1,050 | 1,016 | |
T-Mobile US, Inc. 3.30% 20517 | 3,927 | 3,675 | |
Trilogy International Partners, LLC 8.875% 20227 | 12,800 | 12,461 | |
Uniti Group LP / Uniti Fiber Holdings Inc. / CSL Capital LLC 7.875% 20257 | 425 | 460 | |
Univision Communications Inc. 6.625% 20277 | 4,800 | 5,135 | |
Verizon Communications Inc. 3.00% 2027 | 2,200 | 2,357 | |
Verizon Communications Inc. 2.10% 2028 | 1,835 | 1,844 | |
Verizon Communications Inc. 4.329% 2028 | 5,785 | 6,627 | |
Verizon Communications Inc. 3.875% 2029 | 250 | 279 | |
Verizon Communications Inc. 4.016% 2029 | 1,902 | 2,129 | |
Verizon Communications Inc. 1.50% 2030 | 1,000 | 919 | |
Verizon Communications Inc. 1.68% 20307 | 2,401 | 2,231 | |
Verizon Communications Inc. 2.55% 2031 | 3,125 | 3,125 | |
Verizon Communications Inc. 3.40% 2041 | 4,325 | 4,397 | |
Verizon Communications Inc. 2.875% 2050 | 4,444 | 3,957 | |
Verizon Communications Inc. 3.55% 2051 | 7,800 | 7,803 | |
Verizon Communications Inc. 3.70% 2061 | 620 | 614 | |
Virgin Media O2 4.25% 20317 | 2,075 | 2,022 | |
Virgin Media Secured Finance PLC 4.50% 20307 | 3,115 | 3,145 | |
Vodafone Group PLC 4.125% 2025 | 2,500 | 2,797 | |
Vodafone Group PLC 4.375% 2028 | 350 | 402 | |
Vodafone Group PLC 5.25% 2048 | 500 | 626 | |
Vodafone Group PLC 4.25% 2050 | 6,175 | 6,815 | |
Walt Disney Company 2.65% 2031 | 3,689 | 3,770 | |
Ziggo Bond Co. BV 5.125% 20307 | 1,775 | 1,817 | |
Ziggo Bond Finance BV 5.50% 20277 | 4,277 | 4,461 | |
Ziggo Bond Finance BV 4.875% 20307 | 725 | 742 | |
288,198 | |||
Industrials 0.91% | |||
Allison Transmission Holdings, Inc. 3.75% 20317 | 3,725 | 3,616 | |
Associated Materials, LLC 9.00% 20257 | 3,749 | 3,965 | |
Avis Budget Car Rental, LLC 5.75% 20277 | 2,025 | 2,114 | |
Avis Budget Group, Inc. 5.25% 20257 | 3,075 | 3,127 | |
Avis Budget Group, Inc. 5.375% 20297 | 1,750 | 1,814 | |
Avolon Holdings Funding Ltd. 3.625% 20227 | 1,254 | 1,279 | |
Avolon Holdings Funding Ltd. 3.95% 20247 | 1,587 | 1,660 |
American Funds Insurance Series — Asset Allocation Fund — Page 96 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) | |
Avolon Holdings Funding Ltd. 4.25% 20267 | $1,126 | $1,180 | |
Avolon Holdings Funding Ltd. 4.375% 20267 | 1,975 | 2,067 | |
Boeing Company 2.70% 2022 | 4,400 | 4,494 | |
Boeing Company 4.875% 2025 | 1,555 | 1,733 | |
Boeing Company 2.196% 2026 | 6,450 | 6,434 | |
Boeing Company 2.75% 2026 | 22,333 | 23,004 | |
Boeing Company 3.10% 2026 | 251 | 266 | |
Boeing Company 5.04% 2027 | 3,000 | 3,423 | |
Boeing Company 3.25% 2028 | 18,801 | 19,464 | |
Boeing Company 5.15% 2030 | 2,520 | 2,906 | |
Boeing Company 3.625% 2031 | 3,598 | 3,769 | |
Boeing Company 3.60% 2034 | 7,045 | 7,060 | |
Boeing Company 3.50% 2039 | 250 | 240 | |
Boeing Company 3.75% 2050 | 1,300 | 1,247 | |
Boeing Company 5.805% 2050 | 1,100 | 1,388 | |
Bombardier Inc. 8.75% 20217 | 815 | 856 | |
Bombardier Inc. 7.50% 20247 | 1,950 | 1,951 | |
Bombardier Inc. 7.875% 20277 | 2,720 | 2,672 | |
Burlington Northern Santa Fe LLC 4.40% 2042 | 5,000 | 5,861 | |
Burlington Northern Santa Fe LLC 3.05% 2051 | 4,860 | 4,719 | |
Burlington Northern Santa Fe LLC 3.30% 2051 | 1,172 | 1,179 | |
BWX Technologies, Inc. 4.125% 20297 | 1,025 | 1,040 | |
Canadian National Railway Company 3.20% 2046 | 1,320 | 1,328 | |
Carrier Global Corp. 2.493% 2027 | 762 | 788 | |
CSX Corp. 3.80% 2028 | 4,060 | 4,511 | |
CSX Corp. 4.25% 2029 | 3,062 | 3,482 | |
CSX Corp. 4.30% 2048 | 1,125 | 1,287 | |
CSX Corp. 3.35% 2049 | 563 | 554 | |
CSX Corp. 2.50% 2051 | 5,350 | 4,537 | |
Dun & Bradstreet Corp. 6.875% 20267 | 1,067 | 1,141 | |
Fortress Transportation and Infrastructure Investors LLC 6.50% 20257 | 1,040 | 1,089 | |
General Dynamics Corp. 3.375% 2023 | 1,000 | 1,061 | |
General Dynamics Corp. 3.50% 2025 | 329 | 360 | |
General Electric Capital Corp. 4.418% 2035 | 1,200 | 1,375 | |
General Electric Co. 3.45% 2027 | 2,150 | 2,337 | |
General Electric Co. 3.625% 2030 | 3,150 | 3,395 | |
General Electric Co. 4.25% 2040 | 550 | 604 | |
General Electric Co. 4.35% 2050 | 1,075 | 1,196 | |
Honeywell International Inc. 2.15% 2022 | 4,400 | 4,504 | |
Honeywell International Inc. 2.30% 2024 | 6,800 | 7,204 | |
Honeywell International Inc. 1.35% 2025 | 5,947 | 6,036 | |
Honeywell International Inc. 2.70% 2029 | 2,450 | 2,558 | |
Honeywell International Inc. 1.95% 2030 | 2,000 | 1,976 | |
Howmet Aerospace Inc. 6.875% 2025 | 1,885 | 2,187 | |
Icahn Enterprises Finance Corp. 4.75% 2024 | 3,590 | 3,734 | |
L3Harris Technologies, Inc. 1.80% 2031 | 2,625 | 2,462 | |
LSC Communications, Inc. 8.75% 20232,3,7,13 | 4,063 | 216 | |
Masco Corp. 1.50% 2028 | 1,985 | 1,909 | |
Masco Corp. 2.00% 2031 | 2,219 | 2,107 | |
Masco Corp. 3.125% 2051 | 230 | 216 | |
MasTec, Inc. 4.50% 20287 | 1,425 | 1,480 | |
Meritor, Inc. 4.50% 20287 | 1,025 | 1,030 | |
Nielsen Finance LLC and Nielsen Finance Co. 5.00% 20257 | 2,175 | 2,228 | |
Norfolk Southern Corp. 3.05% 2050 | 4,151 | 3,948 |
American Funds Insurance Series — Asset Allocation Fund — Page 97 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) | |
Northrop Grumman Corp. 2.93% 2025 | $1,820 | $1,938 | |
Northrop Grumman Corp. 3.25% 2028 | 3,495 | 3,753 | |
Otis Worldwide Corp. 2.293% 2027 | 2,135 | 2,192 | |
Otis Worldwide Corp. 2.565% 2030 | 3,000 | 3,025 | |
R.R. Donnelley & Sons Co. 6.50% 2023 | 2,460 | 2,617 | |
Raytheon Technologies Corp. 2.80% 2022 | 1,500 | 1,532 | |
Rolls-Royce PLC 5.75% 20277 | 765 | 815 | |
Siemens AG 1.20% 20267 | 7,968 | 7,881 | |
Siemens AG 1.70% 20287 | 3,700 | 3,636 | |
SkyMiles IP Ltd. 4.75% 20287 | 3,975 | 4,326 | |
The Brink’s Co. 4.625% 20277 | 2,385 | 2,448 | |
TransDigm Inc. 6.25% 20267 | 4,976 | 5,282 | |
TransDigm Inc. 5.50% 2027 | 1,100 | 1,140 | |
Triumph Group, Inc. 5.25% 2022 | 1,015 | 1,009 | |
Triumph Group, Inc. 6.25% 20247 | 970 | 988 | |
Triumph Group, Inc. 8.875% 20247 | 1,245 | 1,403 | |
Triumph Group, Inc. 7.75% 20257 | 875 | 882 | |
Union Pacific Corp. 3.15% 2024 | 1,287 | 1,378 | |
Union Pacific Corp. 3.75% 2025 | 4,643 | 5,105 | |
Union Pacific Corp. 2.15% 2027 | 2,318 | 2,387 | |
Union Pacific Corp. 3.95% 2028 | 1,875 | 2,103 | |
Union Pacific Corp. 3.70% 2029 | 6,500 | 7,163 | |
Union Pacific Corp. 2.40% 2030 | 2,414 | 2,424 | |
Union Pacific Corp. 4.30% 2049 | 2,690 | 3,086 | |
Union Pacific Corp. 3.25% 2050 | 371 | 366 | |
Union Pacific Corp. 3.95% 2059 | 1,365 | 1,477 | |
Union Pacific Corp. 3.75% 2070 | 546 | 561 | |
Union Pacific Corp. 3.799% 20717 | 545 | 555 | |
United Airlines Holdings, Inc. 6.50% 20277 | 2,200 | 2,414 | |
United Rentals, Inc. 3.875% 2031 | 1,050 | 1,057 | |
United Technologies Corp. 3.65% 2023 | 52 | 56 | |
United Technologies Corp. 3.95% 2025 | 5,155 | 5,729 | |
United Technologies Corp. 4.125% 2028 | 1,960 | 2,209 | |
Vertical U.S. Newco Inc. 5.25% 20277 | 2,000 | 2,097 | |
Vinci SA 3.75% 20297 | 2,237 | 2,453 | |
WESCO Distribution, Inc. 7.125% 20257 | 1,210 | 1,325 | |
WESCO Distribution, Inc. 7.25% 20287 | 1,320 | 1,475 | |
XPO Logistics, Inc. 6.25% 20257 | 660 | 711 | |
278,366 | |||
Information technology 0.87% | |||
Adobe Inc. 1.90% 2025 | 2,216 | 2,292 | |
Adobe Inc. 2.30% 2030 | 11,627 | 11,768 | |
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 8.25% 202510,12 | 4,150 | 4,184 | |
Apple Inc. 3.00% 2024 | 625 | 667 | |
Apple Inc. 0.55% 2025 | 14,140 | 13,907 | |
Apple Inc. 1.125% 2025 | 1,866 | 1,879 | |
Apple Inc. 0.70% 2026 | 2,500 | 2,454 | |
Apple Inc. 3.35% 2027 | 40 | 44 | |
Apple Inc. 1.20% 2028 | 5,000 | 4,819 | |
Apple Inc. 1.25% 2030 | 8,760 | 8,113 | |
Apple Inc. 1.65% 2031 | 5,500 | 5,249 | |
Apple Inc. 2.40% 2050 | 3,000 | 2,589 | |
Apple Inc. 2.65% 2051 | 7,280 | 6,666 |
American Funds Insurance Series — Asset Allocation Fund — Page 98 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Information technology (continued) | Principal amount (000) | Value (000) | |
Avaya Inc. 6.125% 20287 | $1,600 | $1,701 | |
Broadcom Inc. 1.95% 20287 | 1,407 | 1,376 | |
Broadcom Inc. 4.75% 2029 | 4,710 | 5,301 | |
Broadcom Inc. 4.15% 2030 | 5,000 | 5,403 | |
Broadcom Inc. 5.00% 2030 | 1,807 | 2,062 | |
Broadcom Inc. 2.45% 20317 | 2,452 | 2,316 | |
Broadcom Inc. 2.60% 20337 | 2,524 | 2,354 | |
Broadcom Inc. 3.469% 20347 | 10,696 | 10,761 | |
Broadcom Inc. 3.50% 20417 | 5,512 | 5,287 | |
Broadcom Inc. 3.75% 20517 | 4,281 | 4,101 | |
Broadcom Ltd. 3.875% 2027 | 1,447 | 1,572 | |
CommScope Finance LLC 6.00% 20267 | 2,425 | 2,558 | |
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 2.953% 202310,12 | 1,338 | 1,317 | |
Diebold Nixdorf, Inc. 9.375% 20257 | 5,675 | 6,331 | |
Diebold, Inc. 8.50% 2024 | 1,400 | 1,432 | |
Fidelity National Information Services, Inc. 1.65% 2028 | 1,573 | 1,540 | |
Fidelity National Information Services, Inc. 2.25% 2031 | 4,240 | 4,170 | |
Fidelity National Information Services, Inc. 3.10% 2041 | 302 | 297 | |
Fiserv, Inc. 2.75% 2024 | 1,600 | 1,692 | |
Fiserv, Inc. 3.20% 2026 | 7,455 | 8,052 | |
Fiserv, Inc. 2.25% 2027 | 1,030 | 1,054 | |
Fiserv, Inc. 3.50% 2029 | 4,070 | 4,396 | |
Fiserv, Inc. 2.65% 2030 | 12,611 | 12,716 | |
Fiserv, Inc. 4.40% 2049 | 1,800 | 2,082 | |
Fortinet, Inc. 2.20% 2031 | 704 | 683 | |
Gartner, Inc. 4.50% 20287 | 650 | 671 | |
Global Payments Inc. 1.20% 2026 | 1,491 | 1,469 | |
Global Payments Inc. 2.90% 2030 | 3,528 | 3,604 | |
Intuit Inc. 0.95% 2025 | 1,530 | 1,520 | |
Intuit Inc. 1.35% 2027 | 3,565 | 3,511 | |
Intuit Inc. 1.65% 2030 | 4,870 | 4,627 | |
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 3.75%) 3.953% 202410,12 | 2,594 | 2,599 | |
Microsoft Corp. 3.30% 2027 | 4,000 | 4,418 | |
Microsoft Corp. 2.525% 2050 | 5,180 | 4,726 | |
Microsoft Corp. 2.921% 2052 | 6,628 | 6,549 | |
Oracle Corp. 2.30% 2028 | 1,469 | 1,488 | |
Oracle Corp. 2.875% 2031 | 12,947 | 13,190 | |
Oracle Corp. 3.65% 2041 | 2,250 | 2,280 | |
Oracle Corp. 3.60% 2050 | 6,730 | 6,530 | |
Oracle Corp. 3.95% 2051 | 2,994 | 3,092 | |
PayPal Holdings, Inc. 2.65% 2026 | 2,364 | 2,503 | |
PayPal Holdings, Inc. 2.85% 2029 | 2,770 | 2,889 | |
PayPal Holdings, Inc. 2.30% 2030 | 3,303 | 3,276 | |
PayPal Holdings, Inc. 3.25% 2050 | 932 | 931 | |
Sabre GLBL Inc. 7.375% 20257 | 728 | 796 | |
Sabre Holdings Corp. 9.25% 20257 | 1,197 | 1,429 | |
ServiceNow, Inc. 1.40% 2030 | 9,864 | 8,927 | |
Synaptics Inc. 4.00% 20297 | 675 | 671 | |
Unisys Corp. 6.875% 20277 | 725 | 796 | |
Veritas Holdings Ltd. 7.50% 20257 | 3,860 | 4,014 | |
ViaSat, Inc. 5.625% 20277 | 555 | 583 | |
Visa Inc. 2.80% 2022 | 2,000 | 2,078 | |
Visa Inc. 3.15% 2025 | 5,500 | 6,003 | |
Visa Inc. 0.75% 2027 | 1,175 | 1,129 |
American Funds Insurance Series — Asset Allocation Fund — Page 99 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Information technology (continued) | Principal amount (000) | Value (000) | |
Visa Inc. 1.10% 2031 | $10,000 | $9,116 | |
Visa Inc. 2.00% 2050 | 5,000 | 4,054 | |
Xerox Corp. 5.50% 20287 | 2,450 | 2,541 | |
267,195 | |||
Consumer staples 0.85% | |||
7-Eleven, Inc. 0.80% 20247 | 1,700 | 1,695 | |
7-Eleven, Inc. 0.95% 20267 | 3,475 | 3,387 | |
7-Eleven, Inc. 1.30% 20287 | 9,255 | 8,876 | |
7-Eleven, Inc. 1.80% 20317 | 12,628 | 11,809 | |
Albertsons Companies, Inc. 3.50% 20297 | 1,385 | 1,320 | |
Altria Group, Inc. 4.40% 2026 | 231 | 261 | |
Altria Group, Inc. 4.80% 2029 | 310 | 356 | |
Altria Group, Inc. 3.40% 2030 | 437 | 458 | |
Altria Group, Inc. 2.45% 2032 | 2,000 | 1,913 | |
Altria Group, Inc. 5.80% 2039 | 4,820 | 5,892 | |
Altria Group, Inc. 3.40% 2041 | 2,500 | 2,323 | |
Altria Group, Inc. 4.50% 2043 | 3,000 | 3,141 | |
Altria Group, Inc. 5.95% 2049 | 490 | 611 | |
Altria Group, Inc. 4.45% 2050 | 3,500 | 3,632 | |
Altria Group, Inc. 3.70% 2051 | 4,490 | 4,098 | |
Anheuser-Busch InBev NV 4.15% 2025 | 8,000 | 8,895 | |
Anheuser-Busch InBev NV 4.00% 2028 | 4,345 | 4,845 | |
Anheuser-Busch InBev NV 4.75% 2029 | 886 | 1,036 | |
Anheuser-Busch InBev NV 5.45% 2039 | 7,070 | 8,848 | |
Anheuser-Busch InBev NV 5.55% 2049 | 2,500 | 3,234 | |
Anheuser-Busch InBev NV 4.50% 2050 | 3,220 | 3,660 | |
B&G Foods, Inc. 5.25% 2025 | 2,175 | 2,237 | |
British American Tobacco International Finance PLC 3.95% 20257 | 4,250 | 4,654 | |
British American Tobacco PLC 2.789% 2024 | 4,000 | 4,219 | |
British American Tobacco PLC 3.222% 2024 | 2,826 | 3,012 | |
British American Tobacco PLC 3.215% 2026 | 3,323 | 3,514 | |
British American Tobacco PLC 3.557% 2027 | 1,384 | 1,474 | |
British American Tobacco PLC 2.259% 2028 | 2,509 | 2,473 | |
British American Tobacco PLC 3.462% 2029 | 2,000 | 2,090 | |
British American Tobacco PLC 4.906% 2030 | 4,770 | 5,452 | |
British American Tobacco PLC 2.726% 2031 | 4,000 | 3,873 | |
British American Tobacco PLC 4.39% 2037 | 5,500 | 5,773 | |
British American Tobacco PLC 4.54% 2047 | 2,953 | 2,978 | |
Coca-Cola Company 1.00% 2028 | 940 | 893 | |
Coca-Cola Company 1.375% 2031 | 1,460 | 1,355 | |
Conagra Brands, Inc. 4.30% 2024 | 4,685 | 5,168 | |
Conagra Brands, Inc. 1.375% 2027 | 4,105 | 3,959 | |
Conagra Brands, Inc. 5.30% 2038 | 55 | 68 | |
Conagra Brands, Inc. 5.40% 2048 | 412 | 528 | |
Constellation Brands, Inc. 2.65% 2022 | 7,846 | 8,094 | |
Constellation Brands, Inc. 2.70% 2022 | 195 | 199 | |
Constellation Brands, Inc. 3.20% 2023 | 1,340 | 1,403 | |
Constellation Brands, Inc. 3.60% 2028 | 938 | 1,021 | |
Constellation Brands, Inc. 2.875% 2030 | 2,259 | 2,311 | |
Costco Wholesale Corp. 2.75% 2024 | 10,000 | 10,692 | |
Costco Wholesale Corp. 1.60% 2030 | 5,000 | 4,793 | |
Imperial Tobacco Finance PLC 3.50% 20237 | 4,000 | 4,163 | |
Keurig Dr Pepper Inc. 4.057% 2023 | 1,006 | 1,080 |
American Funds Insurance Series — Asset Allocation Fund — Page 100 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples (continued) | Principal amount (000) | Value (000) | |
Keurig Dr Pepper Inc. 4.597% 2028 | $2,000 | $2,314 | |
Keurig Dr Pepper Inc. 3.20% 2030 | 1,761 | 1,866 | |
Keurig Dr Pepper Inc. 4.985% 2038 | 3,351 | 4,127 | |
Keurig Dr Pepper Inc. 5.085% 2048 | 75 | 94 | |
Keurig Dr Pepper Inc. 3.80% 2050 | 700 | 747 | |
Kimberly-Clark Corp. 1.05% 2027 | 1,395 | 1,356 | |
Kimberly-Clark Corp. 3.10% 2030 | 844 | 910 | |
Kraft Heinz Company 3.875% 2027 | 2,475 | 2,698 | |
Kraft Heinz Company 4.375% 2046 | 1,140 | 1,194 | |
Kraft Heinz Company 4.875% 2049 | 3,760 | 4,227 | |
Kraft Heinz Company 5.50% 2050 | 1,215 | 1,491 | |
Molson Coors Brewing Co. 4.20% 2046 | 950 | 992 | |
Nestlé Holdings, Inc. 3.35% 20237 | 750 | 803 | |
Nestlé Holdings, Inc. 0.625% 20267 | 5,240 | 5,099 | |
Nestlé Holdings, Inc. 1.00% 20277 | 19,720 | 18,912 | |
Nestlé Holdings, Inc. 1.25% 20307 | 4,727 | 4,404 | |
PepsiCo, Inc. 1.40% 2031 | 4,535 | 4,231 | |
PepsiCo, Inc. 3.625% 2050 | 2,180 | 2,409 | |
Philip Morris International Inc. 2.375% 2022 | 1,960 | 2,013 | |
Philip Morris International Inc. 2.625% 2022 | 1,670 | 1,701 | |
Philip Morris International Inc. 2.875% 2024 | 788 | 837 | |
Philip Morris International Inc. 3.25% 2024 | 2,000 | 2,168 | |
Philip Morris International Inc. 0.875% 2026 | 2,990 | 2,906 | |
Philip Morris International Inc. 3.375% 2029 | 3,268 | 3,525 | |
Philip Morris International Inc. 1.75% 2030 | 5,542 | 5,195 | |
Philip Morris International Inc. 2.10% 2030 | 2,477 | 2,393 | |
Philip Morris International Inc. 4.25% 2044 | 603 | 672 | |
Post Holdings, Inc. 4.625% 20307 | 2,886 | 2,897 | |
Prestige Brands International Inc. 3.75% 20317 | 1,115 | 1,066 | |
Procter & Gamble Company 0.55% 2025 | 1,390 | 1,367 | |
Reckitt Benckiser Group PLC 2.375% 20227 | 1,125 | 1,151 | |
Reynolds American Inc. 4.45% 2025 | 1,425 | 1,582 | |
Reynolds American Inc. 5.85% 2045 | 2,030 | 2,398 | |
Simmons Foods Inc. 4.625% 20297 | 560 | 566 | |
Wal-Mart Stores, Inc. 2.35% 2022 | 1,000 | 1,035 | |
Wal-Mart Stores, Inc. 3.05% 2026 | 2,060 | 2,240 | |
261,352 | |||
Consumer discretionary 0.76% | |||
Amazon.com, Inc. 1.50% 2030 | 2,000 | 1,908 | |
Amazon.com, Inc. 2.50% 2050 | 920 | 824 | |
Amazon.com, Inc. 2.70% 2060 | 4,485 | 3,987 | |
American Honda Finance Corp. 0.875% 2023 | 9,000 | 9,066 | |
American Honda Finance Corp. 0.55% 2024 | 1,970 | 1,957 | |
American Honda Finance Corp. 1.20% 2025 | 2,546 | 2,537 | |
American Honda Finance Corp. 3.50% 2028 | 750 | 821 | |
American Honda Finance Corp. 1.80% 2031 | 750 | 707 | |
Bayerische Motoren Werke AG 2.25% 20237 | 300 | 311 | |
Bayerische Motoren Werke AG 3.45% 20237 | 1,870 | 1,974 | |
Bayerische Motoren Werke AG 0.80% 20247 | 1,353 | 1,354 | |
Bayerische Motoren Werke AG 3.15% 20247 | 8,510 | 9,093 | |
Bayerische Motoren Werke AG 2.55% 20317 | 498 | 500 | |
Caesars Entertainment, Inc. 6.25% 20257 | 3,315 | 3,538 | |
Carnival Corp. 11.50% 20237 | 5,575 | 6,398 |
American Funds Insurance Series — Asset Allocation Fund — Page 101 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Carvana Co. 5.625% 20257 | $600 | $616 | |
Carvana Co. 5.50% 20277 | 1,220 | 1,229 | |
DaimlerChrysler North America Holding Corp. 1.45% 20267 | 3,150 | 3,125 | |
DaimlerChrysler North America Holding Corp. 2.45% 20317 | 1,300 | 1,279 | |
Ford Motor Credit Company LLC 3.664% 2024 | 455 | 472 | |
Ford Motor Credit Company LLC 3.81% 2024 | 1,070 | 1,105 | |
Ford Motor Credit Company LLC 5.584% 2024 | 423 | 457 | |
Ford Motor Credit Company LLC 3.375% 2025 | 5,750 | 5,855 | |
Ford Motor Credit Company LLC 5.125% 2025 | 12,355 | 13,359 | |
Ford Motor Credit Company LLC 4.542% 2026 | 2,455 | 2,601 | |
Ford Motor Credit Company LLC 3.815% 2027 | 250 | 253 | |
General Motors Financial Co. 3.45% 2022 | 2,000 | 2,040 | |
General Motors Financial Co. 5.20% 2023 | 5,354 | 5,809 | |
General Motors Financial Co. 3.50% 2024 | 4,145 | 4,450 | |
General Motors Financial Co. 2.75% 2025 | 5,000 | 5,223 | |
General Motors Financial Co. 4.30% 2025 | 400 | 440 | |
General Motors Financial Co. 4.35% 2027 | 500 | 556 | |
Hanesbrands Inc. 4.625% 20247 | 860 | 914 | |
Hanesbrands Inc. 5.375% 20257 | 706 | 748 | |
Hanesbrands Inc. 4.875% 20267 | 2,700 | 2,899 | |
Hilton Worldwide Holdings Inc. 4.00% 20317 | 1,885 | 1,889 | |
Home Depot, Inc. 0.90% 2028 | 545 | 521 | |
Home Depot, Inc. 3.90% 2028 | 825 | 946 | |
Home Depot, Inc. 2.95% 2029 | 9,301 | 9,872 | |
Home Depot, Inc. 2.70% 2030 | 2,180 | 2,274 | |
Home Depot, Inc. 1.375% 2031 | 6,366 | 5,895 | |
Home Depot, Inc. 4.25% 2046 | 3,500 | 4,129 | |
Home Depot, Inc. 4.50% 2048 | 428 | 525 | |
Home Depot, Inc. 3.35% 2050 | 3,060 | 3,179 | |
Home Depot, Inc. 2.375% 2051 | 1,000 | 860 | |
Hyundai Capital America 3.25% 20227 | 480 | 497 | |
Hyundai Capital America 2.375% 20277 | 2,579 | 2,591 | |
International Game Technology PLC 6.50% 20257 | 4,555 | 5,010 | |
International Game Technology PLC 5.25% 20297 | 4,365 | 4,560 | |
Lithia Motors, Inc. 4.375% 20317 | 1,025 | 1,066 | |
Lowe’s Companies, Inc. 3.65% 2029 | 3,574 | 3,915 | |
Marriott International, Inc. 2.85% 2031 | 2,080 | 2,043 | |
Melco International Development Ltd. 5.75% 20287 | 1,485 | 1,584 | |
MGM Growth Properties LLC 5.625% 2024 | 775 | 833 | |
MGM Growth Properties LLC 4.625% 20257 | 1,050 | 1,108 | |
MGM Growth Properties LLC 3.875% 20297 | 2,225 | 2,221 | |
Mohegan Gaming & Entertainment 8.00% 20267 | 3,400 | 3,430 | |
Neiman Marcus Group Ltd. LLC 7.125% 20267 | 1,345 | 1,374 | |
Nissan Motor Co., Ltd. 3.522% 20257 | 3,000 | 3,180 | |
Nissan Motor Co., Ltd. 4.345% 20277 | 3,000 | 3,265 | |
Panther BF Aggregator 2, LP 6.25% 20267 | 556 | 591 | |
Royal Caribbean Cruises Ltd. 11.50% 20257 | 1,925 | 2,247 | |
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 | 5,255 | 5,427 | |
Sally Holdings LLC and Sally Capital Inc. 8.75% 20257 | 2,347 | 2,617 | |
Scientific Games Corp. 8.625% 20257 | 1,260 | 1,371 | |
Scientific Games Corp. 8.25% 20267 | 6,905 | 7,417 | |
Scientific Games Corp. 7.00% 20287 | 950 | 1,017 | |
Scientific Games Corp. 7.25% 20297 | 1,615 | 1,755 | |
Tempur Sealy International, Inc. 4.00% 20297 | 1,070 | 1,067 |
American Funds Insurance Series — Asset Allocation Fund — Page 102 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Toyota Motor Credit Corp. 0.80% 2025 | $2,994 | $2,944 | |
Toyota Motor Credit Corp. 0.80% 2026 | 3,860 | 3,794 | |
Toyota Motor Credit Corp. 3.05% 2028 | 2,430 | 2,603 | |
Toyota Motor Credit Corp. 3.375% 2030 | 2,225 | 2,418 | |
VICI Properties LP 4.625% 20297 | 995 | 1,034 | |
VICI Properties LP / VICI Note Co. Inc. 3.50% 20257 | 2,100 | 2,142 | |
VICI Properties LP / VICI Note Co. Inc. 3.75% 20277 | 450 | 451 | |
VICI Properties LP / VICI Note Co. Inc. 4.125% 20307 | 3,100 | 3,131 | |
Volkswagen Group of America Finance, LLC 4.00% 20217 | 2,500 | 2,555 | |
Volkswagen Group of America Finance, LLC 4.25% 20237 | 5,320 | 5,787 | |
Volkswagen Group of America Finance, LLC 1.25% 20257 | 1,650 | 1,632 | |
Volkswagen Group of America Finance, LLC 4.625% 20257 | 3,845 | 4,348 | |
Volkswagen Group of America Finance, LLC 3.20% 20267 | 3,201 | 3,440 | |
Volkswagen Group of America Finance, LLC 1.625% 20277 | 985 | 960 | |
Wyndham Destinations, Inc. 4.625% 20307 | 930 | 966 | |
Wyndham Worldwide Corp. 5.375% 20267 | 625 | 640 | |
Wyndham Worldwide Corp. 4.375% 20287 | 1,855 | 1,880 | |
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 20237 | 3,468 | 3,557 | |
232,963 | |||
Materials 0.66% | |||
Alcoa Netherlands Holding BV 4.125% 20297 | 950 | 959 | |
Anglo American Capital PLC 2.25% 20287 | 484 | 478 | |
Anglo American Capital PLC 2.625% 20307 | 11,275 | 11,048 | |
Anglo American Capital PLC 5.625% 20307 | 720 | 861 | |
Anglo American Capital PLC 3.95% 20507 | 2,945 | 3,006 | |
Arconic Rolled Products Corp. 6.125% 20287 | 750 | 800 | |
Ardagh Packaging Finance 5.25% 20257 | 833 | 877 | |
Chevron Phillips Chemical Co. LLC 3.30% 20237 | 595 | 627 | |
Cleveland-Cliffs Inc. 5.75% 2025 | 9,456 | 9,769 | |
Cleveland-Cliffs Inc. 6.75% 20267 | 2,035 | 2,216 | |
Cleveland-Cliffs Inc. 5.875% 2027 | 10,500 | 10,881 | |
Cleveland-Cliffs Inc. 4.625% 20297 | 1,825 | 1,824 | |
Cleveland-Cliffs Inc. 4.875% 20317 | 2,051 | 2,048 | |
CVR Partners, LP 9.25% 20237 | 2,350 | 2,374 | |
Dow Chemical Co. 3.625% 2026 | 1,884 | 2,070 | |
Dow Chemical Co. 2.10% 2030 | 4,000 | 3,861 | |
Dow Chemical Co. 4.80% 2049 | 409 | 491 | |
Dow Chemical Co. 3.60% 2050 | 14,880 | 15,030 | |
First Quantum Minerals Ltd. 7.25% 20237 | 1,200 | 1,223 | |
First Quantum Minerals Ltd. 6.50% 20247 | 4,704 | 4,783 | |
First Quantum Minerals Ltd. 7.50% 20257 | 11,350 | 11,733 | |
First Quantum Minerals Ltd. 6.875% 20267 | 3,625 | 3,759 | |
First Quantum Minerals Ltd. 6.875% 20277 | 3,240 | 3,479 | |
Freeport-McMoRan Inc. 4.25% 2030 | 2,550 | 2,718 | |
Freeport-McMoRan Inc. 5.45% 2043 | 1,300 | 1,566 | |
FXI Holdings, Inc. 7.875% 20247 | 2,226 | 2,298 | |
FXI Holdings, Inc. 12.25% 20267 | 4,392 | 5,025 | |
Glencore Funding LLC 4.125% 20247 | 945 | 1,024 | |
Hexion Inc. 7.875% 20277 | 2,045 | 2,203 | |
International Paper Co. 7.30% 2039 | 2,005 | 3,003 | |
Joseph T. Ryerson & Son, Inc. 8.50% 20287 | 1,148 | 1,288 | |
LSB Industries, Inc. 9.625% 20237 | 5,170 | 5,319 | |
LYB International Finance III, LLC 1.25% 2025 | 3,045 | 3,009 |
American Funds Insurance Series — Asset Allocation Fund — Page 103 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials (continued) | Principal amount (000) | Value (000) | |
LYB International Finance III, LLC 2.25% 2030 | $3,690 | $3,565 | |
LYB International Finance III, LLC 3.375% 2040 | 11,184 | 11,100 | |
LYB International Finance III, LLC 3.625% 2051 | 2,922 | 2,886 | |
LYB International Finance III, LLC 3.80% 2060 | 1,186 | 1,164 | |
Methanex Corp. 5.125% 2027 | 4,750 | 4,863 | |
Mosaic Co. 3.25% 2022 | 1,788 | 1,858 | |
Mosaic Co. 4.05% 2027 | 1,587 | 1,764 | |
Newcrest Finance Pty Ltd. 3.25% 20307 | 1,329 | 1,393 | |
Newcrest Finance Pty Ltd. 4.20% 20507 | 371 | 403 | |
Nutrition & Biosciences, Inc. 1.832% 20277 | 7,468 | 7,309 | |
Nutrition & Biosciences, Inc. 2.30% 20307 | 5,310 | 5,151 | |
Nutrition & Biosciences, Inc. 3.468% 20507 | 2,285 | 2,244 | |
Praxair, Inc. 1.10% 2030 | 6,604 | 6,013 | |
Praxair, Inc. 2.00% 2050 | 1,605 | 1,272 | |
Sherwin-Williams Company 2.75% 2022 | 29 | 30 | |
Sherwin-Williams Company 3.125% 2024 | 275 | 293 | |
Sherwin-Williams Company 2.95% 2029 | 4,000 | 4,173 | |
Sherwin-Williams Company 3.80% 2049 | 5,208 | 5,542 | |
Tronox Ltd. 4.625% 20297 | 1,865 | 1,870 | |
Vale Overseas Ltd. 3.75% 2030 | 3,949 | 4,129 | |
Venator Materials Corp. 5.75% 20257 | 5,845 | 5,684 | |
Venator Materials Corp. 9.50% 20257 | 1,495 | 1,678 | |
Warrior Met Coal, Inc. 8.00% 20247 | 5,095 | 5,226 | |
Westlake Chemical Corp. 4.375% 2047 | 500 | 544 | |
201,804 | |||
Real estate 0.41% | |||
Alexandria Real Estate Equities, Inc. 3.80% 2026 | 315 | 348 | |
Alexandria Real Estate Equities, Inc. 3.95% 2028 | 1,220 | 1,358 | |
Alexandria Real Estate Equities, Inc. 2.75% 2029 | 1,940 | 1,982 | |
Alexandria Real Estate Equities, Inc. 3.375% 2031 | 1,320 | 1,394 | |
Alexandria Real Estate Equities, Inc. 1.875% 2033 | 4,095 | 3,729 | |
Alexandria Real Estate Equities, Inc. 4.85% 2049 | 410 | 492 | |
American Campus Communities, Inc. 3.75% 2023 | 3,055 | 3,230 | |
American Campus Communities, Inc. 4.125% 2024 | 2,075 | 2,271 | |
American Campus Communities, Inc. 3.30% 2026 | 1,698 | 1,827 | |
American Campus Communities, Inc. 3.625% 2027 | 9,545 | 10,439 | |
American Campus Communities, Inc. 2.85% 2030 | 144 | 144 | |
American Campus Communities, Inc. 3.875% 2031 | 744 | 802 | |
American Tower Corp. 1.60% 2026 | 2,347 | 2,355 | |
American Tower Corp. 3.55% 2027 | 1,425 | 1,547 | |
American Tower Corp. 1.50% 2028 | 10,000 | 9,549 | |
American Tower Corp. 3.60% 2028 | 1,000 | 1,081 | |
American Tower Corp. 2.70% 2031 | 1,752 | 1,757 | |
Brandywine Operating Partnership, LP 3.95% 2023 | 1,070 | 1,119 | |
Brookfield Property REIT Inc. 5.75% 20267 | 6,050 | 6,240 | |
Corporate Office Properties LP 2.25% 2026 | 1,431 | 1,456 | |
Diversified Healthcare Trust 4.375% 2031 | 3,250 | 3,176 | |
Equinix, Inc. 2.625% 2024 | 501 | 528 | |
Equinix, Inc. 2.90% 2026 | 6,087 | 6,426 | |
Equinix, Inc. 1.80% 2027 | 1,295 | 1,273 | |
Equinix, Inc. 1.55% 2028 | 5,920 | 5,664 | |
Equinix, Inc. 3.20% 2029 | 6,170 | 6,422 | |
Equinix, Inc. 2.15% 2030 | 2,969 | 2,825 |
American Funds Insurance Series — Asset Allocation Fund — Page 104 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Real estate (continued) | Principal amount (000) | Value (000) | |
Equinix, Inc. 3.00% 2050 | $2,095 | $1,850 | |
Essex Portfolio LP 3.875% 2024 | 1,000 | 1,081 | |
Essex Portfolio LP 3.50% 2025 | 6,825 | 7,378 | |
Gaming and Leisure Properties, Inc. 3.35% 2024 | 1,263 | 1,339 | |
Hospitality Properties Trust 4.50% 2023 | 1,945 | 1,979 | |
Hospitality Properties Trust 4.50% 2025 | 150 | 148 | |
Hospitality Properties Trust 4.95% 2027 | 500 | 496 | |
Hospitality Properties Trust 3.95% 2028 | 1,950 | 1,803 | |
Host Hotels & Resorts LP 4.50% 2026 | 355 | 385 | |
Howard Hughes Corp. 5.375% 20287 | 2,450 | 2,580 | |
Howard Hughes Corp. 4.125% 20297 | 825 | 808 | |
Howard Hughes Corp. 4.375% 20317 | 1,200 | 1,177 | |
Iron Mountain Inc. 5.25% 20307 | 3,695 | 3,817 | |
Iron Mountain Inc. 4.50% 20317 | 2,650 | 2,623 | |
Kennedy-Wilson Holdings, Inc. 4.75% 2029 | 1,055 | 1,069 | |
Kennedy-Wilson Holdings, Inc. 5.00% 2031 | 975 | 989 | |
Ladder Capital Corp. 5.25% 20257 | 440 | 441 | |
Public Storage 2.37% 2022 | 565 | 580 | |
Public Storage 0.875% 2026 | 987 | 966 | |
QTS Realty Trust, Inc. 3.875% 20287 | 2,025 | 2,017 | |
RHP Hotel Properties LP / RHP Finance Corp. 4.50% 20297 | 875 | 881 | |
Scentre Group 3.25% 20257 | 1,000 | 1,064 | |
Scentre Group 3.50% 20257 | 3,075 | 3,267 | |
Scentre Group 3.75% 20277 | 2,430 | 2,600 | |
UDR, Inc. 2.95% 2026 | 760 | 809 | |
Westfield Corp. Ltd. 3.15% 20227 | 4,290 | 4,376 | |
Westfield Corp. Ltd. 3.50% 20297 | 443 | 447 | |
126,404 | |||
Total corporate bonds, notes & loans | 3,608,541 | ||
U.S. Treasury bonds & notes 7.27% U.S. Treasury 5.89% | |||
U.S. Treasury 1.50% 2021 | 3,777 | 3,800 | |
U.S. Treasury 1.625% 2021 | 3,704 | 3,719 | |
U.S. Treasury 1.625% 2021 | 98 | 99 | |
U.S. Treasury 1.75% 2021 | 425 | 430 | |
U.S. Treasury 2.25% 2021 | 95,000 | 95,167 | |
U.S. Treasury 2.75% 2021 | 19,232 | 19,470 | |
U.S. Treasury 0.125% 2022 | 88,895 | 88,923 | |
U.S. Treasury 0.125% 2022 | 10,000 | 10,004 | |
U.S. Treasury 0.125% 2022 | 1,372 | 1,371 | |
U.S. Treasury 1.375% 2022 | 5,000 | 5,055 | |
U.S. Treasury 1.375% 2022 | 280 | 285 | |
U.S. Treasury 1.50% 2022 | 9,407 | 9,596 | |
U.S. Treasury 1.625% 2022 | 94 | 96 | |
U.S. Treasury 1.875% 2022 | 80,000 | 81,313 | |
U.S. Treasury 2.125% 2022 | 37,000 | 38,276 | |
U.S. Treasury 0.125% 2023 | 35,000 | 34,979 | |
U.S. Treasury 0.125% 2023 | 4,662 | 4,642 | |
U.S. Treasury 0.25% 2023 | 30,000 | 30,036 | |
U.S. Treasury 1.375% 2023 | 5,309 | 5,430 | |
U.S. Treasury 2.25% 2023 | 5,000 | 5,268 | |
U.S. Treasury 2.375% 2023 | 5,000 | 5,204 |
American Funds Insurance Series — Asset Allocation Fund — Page 105 of 240
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Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury (continued) | Principal amount (000) | Value (000) | |
U.S. Treasury 2.75% 2023 | $15,000 | $15,799 | |
U.S. Treasury 0.25% 2024 | 15,000 | 14,960 | |
U.S. Treasury 1.50% 2024 | 22,500 | 23,274 | |
U.S. Treasury 1.50% 2024 | 907 | 939 | |
U.S. Treasury 2.125% 2024 | 5,000 | 5,264 | |
U.S. Treasury 2.25% 2024 | 5,000 | 5,273 | |
U.S. Treasury 2.375% 2024 | 70,000 | 74,502 | |
U.S. Treasury 2.50% 2024 | 225,000 | 238,860 | |
U.S. Treasury 2.50% 2024 | 700 | 746 | |
U.S. Treasury 0.25% 2025 | 43,812 | 42,983 | |
U.S. Treasury 0.25% 2025 | 2,272 | 2,217 | |
U.S. Treasury 0.375% 2025 | 3,936 | 3,845 | |
U.S. Treasury 0.375% 2025 | 2,455 | 2,425 | |
U.S. Treasury 0.375% 2025 | 766 | 749 | |
U.S. Treasury 2.50% 2025 | 3,500 | 3,754 | |
U.S. Treasury 2.75% 2025 | 3,229 | 3,504 | |
U.S. Treasury 3.00% 2025 | 10,000 | 10,986 | |
U.S. Treasury 0.375% 2026 | 75,000 | 73,147 | |
U.S. Treasury 0.50% 2026 | 112,326 | 110,139 | |
U.S. Treasury 0.75% 2026 | 480 | 476 | |
U.S. Treasury 1.50% 2026 | 500 | 512 | |
U.S. Treasury 1.625% 2026 | 60,000 | 61,706 | |
U.S. Treasury 1.625% 2026 | 27,000 | 27,783 | |
U.S. Treasury 1.625% 2026 | 7,000 | 7,241 | |
U.S. Treasury 1.625% 2026 | 1,500 | 1,550 | |
U.S. Treasury 0.50% 2027 | 33,050 | 31,544 | |
U.S. Treasury 0.50% 2027 | 26,770 | 25,591 | |
U.S. Treasury 0.50% 2027 | 4,418 | 4,200 | |
U.S. Treasury 0.625% 2027 | 7,109 | 6,769 | |
U.S. Treasury 1.125% 2027 | 762 | 760 | |
U.S. Treasury 2.25% 2027 | 78,250 | 83,117 | |
U.S. Treasury 2.375% 2027 | 880 | 941 | |
U.S. Treasury 2.875% 2028 | 5,217 | 5,735 | |
U.S. Treasury 0.625% 2030 | 18,400 | 16,754 | |
U.S. Treasury 0.875% 2030 | 6,640 | 6,144 | |
U.S. Treasury 1.50% 2030 | 36,651 | 36,222 | |
U.S. Treasury 1.125% 2031 | 88,190 | 83,347 | |
U.S. Treasury 1.125% 204014 | 60,975 | 49,848 | |
U.S. Treasury 1.375% 2040 | 52,695 | 44,895 | |
U.S. Treasury 1.875% 2041 | 711 | 663 | |
U.S. Treasury 2.50% 2046 | 3,755 | 3,834 | |
U.S. Treasury 3.00% 2047 | 9,355 | 10,488 | |
U.S. Treasury 3.00% 2048 | 336 | 378 | |
U.S. Treasury 2.25% 2049 | 15,000 | 14,532 | |
U.S. Treasury 2.375% 204914 | 75,000 | 74,663 | |
U.S. Treasury 1.375% 2050 | 12,500 | 9,771 | |
U.S. Treasury 1.625% 2050 | 116,392 | 97,142 | |
U.S. Treasury 2.00% 2050 | 12,575 | 11,522 | |
U.S. Treasury 1.875% 2051 | 17,000 | 15,099 | |
1,809,756 |
American Funds Insurance Series — Asset Allocation Fund — Page 106 of 240
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Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury inflation-protected securities 1.38% | Principal amount (000) | Value (000) | |
U.S. Treasury Inflation-Protected Security 0.125% 202415 | $86,650 | $93,818 | |
U.S. Treasury Inflation-Protected Security 0.625% 202415 | 87,870 | 95,342 | |
U.S. Treasury Inflation-Protected Security 0.125% 202515 | 23,289 | 25,228 | |
U.S. Treasury Inflation-Protected Security 0.75% 202815 | 18,234 | 20,812 | |
U.S. Treasury Inflation-Protected Security 0.875% 202915 | 20,556 | 23,599 | |
U.S. Treasury Inflation-Protected Security 0.125% 203015 | 23,593 | 25,557 | |
U.S. Treasury Inflation-Protected Security 1.00% 204914,15 | 101,657 | 127,773 | |
U.S. Treasury Inflation-Protected Security 0.25% 205015 | 4,244 | 4,453 | |
U.S. Treasury Inflation-Protected Security 0.125% 205115 | 6,027 | 6,099 | |
422,681 | |||
Total U.S. Treasury bonds & notes | 2,232,437 | ||
Mortgage-backed obligations 6.77% Federal agency mortgage-backed obligations 6.44% | |||
Fannie Mae Pool #885290 6.00% 202116 | —8 | —8 | |
Fannie Mae Pool #AD7072 4.00% 202516 | 4 | 5 | |
Fannie Mae Pool #AE3069 4.00% 202516 | 2 | 3 | |
Fannie Mae Pool #AE2321 4.00% 202516 | 1 | 2 | |
Fannie Mae Pool #AH9695 4.00% 202616 | 475 | 507 | |
Fannie Mae Pool #AH6431 4.00% 202616 | 424 | 453 | |
Fannie Mae Pool #890329 4.00% 202616 | 64 | 69 | |
Fannie Mae Pool #AJ3010 4.00% 202616 | 41 | 43 | |
Fannie Mae Pool #AH5618 4.00% 202616 | 4 | 4 | |
Fannie Mae Pool #AH0829 4.00% 202616 | 3 | 4 | |
Fannie Mae Pool #AH8174 4.00% 202616 | 4 | 4 | |
Fannie Mae Pool #AL3908 4.00% 202616 | 3 | 3 | |
Fannie Mae Pool #AH8275 4.00% 202616 | 2 | 2 | |
Fannie Mae Pool #AL7299 4.00% 202716 | 238 | 254 | |
Fannie Mae Pool #MA1109 4.00% 202716 | 4 | 4 | |
Fannie Mae Pool #MA3653 3.00% 202916 | 42 | 44 | |
Fannie Mae Pool #AL8347 4.00% 202916 | 478 | 509 | |
Fannie Mae Pool #254767 5.50% 203316 | 304 | 354 | |
Fannie Mae Pool #555956 5.50% 203316 | 201 | 235 | |
Fannie Mae Pool #BN1085 4.00% 203416 | 753 | 804 | |
Fannie Mae Pool #BN3172 4.00% 203416 | 181 | 192 | |
Fannie Mae Pool #AS8554 3.00% 203616 | 10,578 | 11,124 | |
Fannie Mae Pool #929185 5.50% 203616 | 467 | 547 | |
Fannie Mae Pool #893641 6.00% 203616 | 959 | 1,145 | |
Fannie Mae Pool #893688 6.00% 203616 | 256 | 303 | |
Fannie Mae Pool #907239 6.00% 203616 | 59 | 70 | |
Fannie Mae Pool #AD0249 5.50% 203716 | 167 | 195 | |
Fannie Mae Pool #190379 5.50% 203716 | 89 | 104 | |
Fannie Mae Pool #924952 6.00% 203716 | 1,191 | 1,422 | |
Fannie Mae Pool #888292 6.00% 203716 | 911 | 1,090 | |
Fannie Mae Pool #928031 6.00% 203716 | 111 | 132 | |
Fannie Mae Pool #888637 6.00% 203716 | 16 | 19 | |
Fannie Mae Pool #AD0119 6.00% 203816 | 1,414 | 1,690 | |
Fannie Mae Pool #AD0095 6.00% 203816 | 1,090 | 1,298 | |
Fannie Mae Pool #995674 6.00% 203816 | 519 | 620 | |
Fannie Mae Pool #AE0021 6.00% 203816 | 428 | 508 | |
Fannie Mae Pool #AL7164 6.00% 203816 | 269 | 317 | |
Fannie Mae Pool #AB0538 6.00% 203816 | 176 | 205 | |
Fannie Mae Pool #995391 6.00% 203816 | 31 | 37 |
American Funds Insurance Series — Asset Allocation Fund — Page 107 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Fannie Mae Pool #889983 6.00% 203816 | $28 | $33 | |
Fannie Mae Pool #995224 6.00% 203816 | 14 | 16 | |
Fannie Mae Pool #AD0833 6.00% 203916 | 1 | 1 | |
Fannie Mae Pool #AL0013 6.00% 204016 | 277 | 330 | |
Fannie Mae Pool #AL0309 6.00% 204016 | 89 | 107 | |
Fannie Mae Pool #AB4536 6.00% 204116 | 558 | 665 | |
Fannie Mae Pool #AL7228 6.00% 204116 | 375 | 441 | |
Fannie Mae Pool #AP2131 3.50% 204216 | 5,226 | 5,652 | |
Fannie Mae Pool #AU8813 4.00% 204316 | 2,913 | 3,247 | |
Fannie Mae Pool #AU9348 4.00% 204316 | 1,722 | 1,920 | |
Fannie Mae Pool #AU9350 4.00% 204316 | 1,400 | 1,550 | |
Fannie Mae Pool #AL8773 3.50% 204516 | 8,808 | 9,543 | |
Fannie Mae Pool #AL8354 3.50% 204516 | 2,172 | 2,348 | |
Fannie Mae Pool #BC4764 3.00% 204616 | 18,698 | 19,668 | |
Fannie Mae Pool #AL8522 3.50% 204616 | 4,389 | 4,740 | |
Fannie Mae Pool #BD9699 3.50% 204616 | 1,719 | 1,838 | |
Fannie Mae Pool #BD9307 4.00% 204616 | 1,724 | 1,883 | |
Fannie Mae Pool #BC7611 4.00% 204616 | 433 | 472 | |
Fannie Mae Pool #BH4084 3.50% 204716 | 16,839 | 17,894 | |
Fannie Mae Pool #BE1290 3.50% 204716 | 3,115 | 3,347 | |
Fannie Mae Pool #CA0770 3.50% 204716 | 3,027 | 3,220 | |
Fannie Mae Pool #MA3211 4.00% 204716 | 5,902 | 6,372 | |
Fannie Mae Pool #257036 7.00% 204716 | 10 | 11 | |
Fannie Mae Pool #256975 7.00% 204716 | 2 | 2 | |
Fannie Mae Pool #BJ3775 3.50% 204816 | 11,013 | 11,674 | |
Fannie Mae Pool #BK7655 3.894% 204812,16 | 663 | 692 | |
Fannie Mae Pool #CA2377 4.00% 204816 | 14,209 | 15,264 | |
Fannie Mae Pool #BK0920 4.00% 204816 | 2,463 | 2,644 | |
Fannie Mae Pool #BJ9256 4.00% 204816 | 2,425 | 2,603 | |
Fannie Mae Pool #BJ9252 4.00% 204816 | 731 | 785 | |
Fannie Mae Pool #BK0915 4.00% 204816 | 217 | 233 | |
Fannie Mae Pool #BK6971 4.00% 204816 | 182 | 196 | |
Fannie Mae Pool #MA3277 4.00% 204816 | 23 | 25 | |
Fannie Mae Pool #BK5255 4.00% 204816 | 22 | 24 | |
Fannie Mae Pool #CA2493 4.50% 204816 | 1,598 | 1,744 | |
Fannie Mae Pool #CA4756 3.00% 204916 | 9,245 | 9,735 | |
Fannie Mae Pool #BK8767 4.00% 204916 | 164 | 180 | |
Fannie Mae Pool #MA4256 2.50% 205116 | 3,024 | 3,106 | |
Fannie Mae, Series 2001-T10, Class A1, 7.00% 204116 | 117 | 136 | |
Fannie Mae, Series 2002-W3, Class A5, 7.50% 204116 | 31 | 38 | |
Fannie Mae, Series 2012-M14, Class A2, Multi Family, 2.301% 202212,16 | 1,130 | 1,155 | |
Fannie Mae, Series 2012-M9, Class A2, Multi Family, 2.482% 202216 | 1,737 | 1,760 | |
Fannie Mae, Series 2012-M5, Class A2, Multi Family, 2.715% 202216 | 1,062 | 1,072 | |
Fannie Mae, Series 2014-M1, Class A2, Multi Family, 3.13% 202312,16 | 4,995 | 5,237 | |
Fannie Mae, Series 2013-M14, Class A2, Multi Family, 3.329% 202312,16 | 5,183 | 5,460 | |
Fannie Mae, Series 2014-M2, Class A2, Multi Family, 3.513% 202312,16 | 4,520 | 4,797 | |
Fannie Mae, Series 2014-M9, Class A2, Multi Family, 3.103% 202412,16 | 5,597 | 5,980 | |
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 3.501% 202412,16 | 4,196 | 4,484 | |
Fannie Mae, Series 2017-M3, Class A2, Multi Family, 2.478% 202612,16 | 9,665 | 10,195 | |
Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 202712,16 | 2,891 | 3,116 | |
Fannie Mae, Series 2006-43, Class JO, principal only, 0% 203616 | 65 | 60 | |
Freddie Mac 3.00% 203716 | 17,837 | 18,766 | |
Freddie Mac 4.00% 204216 | 2,724 | 3,018 | |
Freddie Mac 4.00% 204516 | 9,363 | 10,343 |
American Funds Insurance Series — Asset Allocation Fund — Page 108 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #ZK7598 3.00% 202716 | $9,371 | $9,912 | |
Freddie Mac Pool #ZK7580 3.00% 202716 | 4,095 | 4,346 | |
Freddie Mac Pool #G03978 5.00% 203816 | 643 | 749 | |
Freddie Mac Pool #G04553 6.50% 203816 | 80 | 92 | |
Freddie Mac Pool #G08347 4.50% 203916 | 109 | 122 | |
Freddie Mac Pool #C03518 5.00% 204016 | 1,023 | 1,178 | |
Freddie Mac Pool #Q23185 4.00% 204316 | 1,778 | 1,983 | |
Freddie Mac Pool #Q23190 4.00% 204316 | 1,329 | 1,472 | |
Freddie Mac Pool #760014 3.039% 204512,16 | 362 | 379 | |
Freddie Mac Pool #G60344 4.00% 204516 | 7,994 | 8,871 | |
Freddie Mac Pool #Z40130 3.00% 204616 | 6,089 | 6,493 | |
Freddie Mac Pool #Q41909 4.50% 204616 | 780 | 859 | |
Freddie Mac Pool #Q41090 4.50% 204616 | 394 | 434 | |
Freddie Mac Pool #760015 2.743% 204712,16 | 874 | 914 | |
Freddie Mac Pool #Q52216 3.50% 204716 | 10,782 | 11,445 | |
Freddie Mac Pool #Q52157 3.50% 204716 | 2,439 | 2,593 | |
Freddie Mac Pool #Q46021 3.50% 204716 | 1,690 | 1,803 | |
Freddie Mac Pool #SI2002 4.00% 204816 | 5,162 | 5,553 | |
Freddie Mac Pool #ZM6968 4.00% 204816 | 3,021 | 3,243 | |
Freddie Mac Pool #SD7507 3.00% 204916 | 30,832 | 32,617 | |
Freddie Mac Pool #SD7528 2.00% 205016 | 21,866 | 21,894 | |
Freddie Mac Pool #RA2020 3.00% 205016 | 12,537 | 13,178 | |
Freddie Mac, Series T041, Class 3A, 4.579% 203212,16 | 232 | 259 | |
Freddie Mac, Series K723, Class A2, Multi Family, 2.454% 202316 | 3,025 | 3,151 | |
Freddie Mac, Series K725, Class A2, Multi Family, 3.002% 202416 | 5,555 | 5,901 | |
Freddie Mac, Series K044, Class A2, Multi Family, 2.811% 202516 | 4,265 | 4,570 | |
Freddie Mac, Series K047, Class A2, Multi Family, 3.329% 202516 | 4,000 | 4,378 | |
Freddie Mac, Series K733, Class A2, Multi Family, 3.75% 202512,16 | 9,778 | 10,841 | |
Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 202616 | 10,050 | 10,759 | |
Freddie Mac, Series K734, Class A2, Multi Family, 3.208% 202616 | 7,370 | 8,067 | |
Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 202716 | 4,755 | 5,213 | |
Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 202716 | 5,770 | 6,364 | |
Freddie Mac, Series K063, Class A2, Multi Family, 3.43% 202716 | 4,375 | 4,871 | |
Freddie Mac, Series K076, Class A2, Multi Family, 3.90% 202816 | 3,237 | 3,713 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 205612,16 | 7,996 | 8,465 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 205616 | 7,976 | 8,452 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 205612,16 | 4,098 | 4,339 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 205612,16 | 1,752 | 1,870 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 205712,16 | 1,316 | 1,394 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 205716 | 3,075 | 3,304 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 205716 | 2,710 | 2,949 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 205716 | 1,069 | 1,145 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 205816 | 14,656 | 15,793 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 205916 | 8,247 | 8,740 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 202816 | 3,186 | 3,357 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 202916 | 4,224 | 4,445 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A1, 3.50% 202916 | 6,646 | 7,017 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A2, 3.50% 202916 | 2,455 | 2,681 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA1, Class M3, 3.409% 202712,16 | 1,015 | 1,038 | |
Government National Mortgage Assn. 2.00% 205116,17 | 164,855 | 166,195 | |
Government National Mortgage Assn. 2.00% 205116,17 | 65,635 | 66,058 | |
Government National Mortgage Assn. 2.50% 205116,17 | 4,779 | 4,912 | |
Government National Mortgage Assn. 3.00% 205116,17 | 51,411 | 53,588 |
American Funds Insurance Series — Asset Allocation Fund — Page 109 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Government National Mortgage Assn. 3.00% 205116,17 | $22,589 | $23,524 | |
Government National Mortgage Assn. 3.50% 205116,17 | 24,891 | 26,285 | |
Government National Mortgage Assn. 4.00% 205116,17 | 13,107 | 13,992 | |
Government National Mortgage Assn. 4.50% 205116,17 | 10,000 | 10,817 | |
Government National Mortgage Assn. Pool #BD7245 4.00% 204816 | 1,185 | 1,304 | |
Government National Mortgage Assn. Pool #MA5876 4.00% 204916 | 14,068 | 15,069 | |
Government National Mortgage Assn. Pool #MA5986 4.00% 204916 | 1,841 | 1,973 | |
Government National Mortgage Assn. Pool #MA5764 4.50% 204916 | 23,545 | 25,521 | |
Government National Mortgage Assn. Pool #MA6092 4.50% 204916 | 5,846 | 6,328 | |
Government National Mortgage Assn. Pool #MA5877 4.50% 204916 | 3,474 | 3,762 | |
Government National Mortgage Assn. Pool #MA7052 2.50% 205016 | 15,752 | 16,271 | |
Government National Mortgage Assn. Pool #MA7193 2.50% 205116 | 594 | 614 | |
Uniform Mortgage-Backed Security 1.50% 203616,17 | 119,984 | 120,346 | |
Uniform Mortgage-Backed Security 2.00% 203616,17 | 48,403 | 49,618 | |
Uniform Mortgage-Backed Security 2.00% 203616,17 | 38,765 | 39,786 | |
Uniform Mortgage-Backed Security 2.50% 203616,17 | 638 | 664 | |
Uniform Mortgage-Backed Security 3.00% 203616,17 | 8,784 | 9,276 | |
Uniform Mortgage-Backed Security 2.00% 205116,17 | 124,491 | 123,786 | |
Uniform Mortgage-Backed Security 2.00% 205116,17 | 14,217 | 14,166 | |
Uniform Mortgage-Backed Security 2.50% 205116,17 | 159,974 | 163,480 | |
Uniform Mortgage-Backed Security 2.50% 205116,17 | 55,453 | 56,790 | |
Uniform Mortgage-Backed Security 3.00% 205116,17 | 80,217 | 83,576 | |
Uniform Mortgage-Backed Security 3.00% 205116,17 | 47,680 | 49,647 | |
Uniform Mortgage-Backed Security 3.00% 205116,17 | 9,480 | 9,875 | |
Uniform Mortgage-Backed Security 3.50% 205116,17 | 145,963 | 154,202 | |
Uniform Mortgage-Backed Security 4.00% 205116,17 | 104,376 | 111,992 | |
Uniform Mortgage-Backed Security 4.50% 205116,17 | 23,139 | 25,193 | |
Uniform Mortgage-Backed Security 4.50% 205116,17 | 18,653 | 20,311 | |
1,976,270 | |||
Commercial mortgage-backed securities 0.17% | |||
Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 206316 | 2,909 | 2,930 | |
Barclays Commercial Mortgage Securities LLC, Series 2017-DELC, Class A, 0.956% 20367,12,16 | 2,000 | 2,001 | |
Benchmark Mortgage Trust, Series 2018-B2, Class A4, 3.615% 205116 | 1,000 | 1,099 | |
Benchmark Mortgage Trust, Series 2020-B17, Class A5, 2.289% 205316 | 2,960 | 2,950 | |
Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB, 2.984% 204816 | 947 | 984 | |
Commercial Mortgage Trust, Series 2015-PC1, Class A5, 3.902% 205016 | 4,735 | 5,214 | |
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class ASB, 3.617% 204816 | 1,267 | 1,345 | |
Grace Mortgage Trust, Series 2020-GRCE, Class A, 2.347% 20407,16 | 5,201 | 5,140 | |
GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 205316 | 5,602 | 5,628 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2021-410T, Class A, 2.287% 20427,16 | 1,431 | 1,450 | |
Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 20397,16 | 13,772 | 13,858 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class ASB, 3.557% 204716 | 929 | 983 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class ASB, 3.04% 204816 | 982 | 1,026 | |
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A, 3.35% 20297,16 | 2,650 | 2,650 | |
MRA Issuance Trust, Series 2020-10, Class A, (1-month USD-LIBOR + 1.75%) 2.25% 20217,12,16 | 5,219 | 5,223 | |
52,481 | |||
Collateralized mortgage-backed obligations (privately originated) 0.16% | |||
Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 20487,12,16 | 1,457 | 1,465 | |
Bellemeade Re Ltd., Series 2019-3A, Class M1B, (1-month USD-LIBOR + 1.60%) 1.709% 20297,12,16 | 3,810 | 3,831 | |
Cascade Funding Mortgage Trust, Series 2018-RM2, Class A, 4.00% 20687,12,16 | 2,046 | 2,137 |
American Funds Insurance Series — Asset Allocation Fund — Page 110 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Collateralized mortgage-backed obligations (privately originated) (continued) | Principal amount (000) | Value (000) | |
Credit Suisse Mortgage Trust, Series 2020-NET, Class A, 2.257% 20377,16 | $4,191 | $4,271 | |
CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 203416 | 199 | 206 | |
Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.00% 20697,16 | 10,335 | 11,162 | |
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 20697,16 | 3,588 | 3,867 | |
JPMorgan Mortgage Trust, Series 2019-INV3, Class A13, 3.50% 20507,12,16 | 936 | 965 | |
JPMorgan Mortgage Trust, Series 2019-INV3, Class A3, 3.50% 20507,12,16 | 893 | 921 | |
Legacy Mortgage Asset Trust, Series 2019-GS5, Class A1, 3.20% 20597,12,16 | 5,169 | 5,222 | |
Legacy Mortgage Asset Trust, Series 2019-GS7, Class A1, 3.25% 20597,12,16 | 1,371 | 1,388 | |
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 20597,12,16 | 719 | 720 | |
MASTR Alternative Loan Trust, Series 2004-2, Class 2A1, 6.00% 203416 | 439 | 456 | |
Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 0.859% 20527,12,16 | 3,001 | 3,008 | |
Mortgage Repurchase Agreement Financing Trust, Series 2020-5, (1-month USD-LIBOR + 1.00%) 1.106% 20237,12,16 | 2,862 | 2,874 | |
Onslow Bay Financial LLC, Series 2020-INV1, Class A5, 3.50% 20497,12,16 | 1,983 | 2,025 | |
RMF Proprietary Issuance Trust, Series 2019-1, Class A, 2.75% 20637,12,16 | 909 | 904 | |
Sequoia Mortgage Trust, Series 2018-CH1, Class A1, 4.00% 20487,12,16 | 1,410 | 1,439 | |
Station Place Securitization Trust, Series 2020-WL1, Class A, (1-month USD-LIBOR + 1.15%) 1.259% 20517,12,16 | 2,500 | 2,503 | |
TIF Funding II LLC, Series 2021-1A, Class A, 1.65% 20467,16 | 862 | 832 | |
50,196 | |||
Total mortgage-backed obligations | 2,078,947 | ||
Asset-backed obligations 0.84% | |||
Aesop Funding LLC, Series 2017-2A, Class A, 2.97% 20247,16 | 1,920 | 2,000 | |
Aesop Funding LLC, Series 2018-1A, Class A, 3.70% 20247,16 | 1,114 | 1,189 | |
Aesop Funding LLC, Series 2020-2, Class A, 2.02% 20277,16 | 539 | 551 | |
Aesop Funding LLC, Series 2020-2A, Class B, 2.96% 20277,16 | 138 | 144 | |
Allegro CLO Ltd., Series 2017-1A, Class AR, (3-month USD-LIBOR + 0.95%) 1.04% 20307,12,16 | 1,639 | 1,639 | |
Ballyrock Ltd., Series 2019-2A, Class A1AR, (3-month USD-LIBOR + 1.00%) 1.182% 20307,12,16 | 3,660 | 3,660 | |
CarMaxAuto Owner Trust, Series 2020-1, Class A2, 1.87% 202316 | 708 | 712 | |
Cent CLO LP, Series 2014-21A, Class AR, (3-month USD-LIBOR + 0.97%) 1.167% 20307,12,16 | 5,185 | 5,185 | |
CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20607,16 | 15,289 | 15,423 | |
CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20607,16 | 2,626 | 2,608 | |
CF Hippolyta LLC, Series 2020-1, Class B1, 2.28% 20607,16 | 945 | 962 | |
CF Hippolyta LLC, Series 2020-1, Class B2, 2.60% 20607,16 | 177 | 176 | |
CF Hippolyta LLC, Series 2021-1, Class A1, 1.53% 20617,16 | 6,402 | 6,388 | |
CF Hippolyta LLC, Series 2021-1, Class B1, 1.98% 20617,16 | 822 | 822 | |
CLI Funding V LLC, Series 2020-2A, Class A, 2.03% 20457,16 | 1,841 | 1,837 | |
CLI Funding V LLC, Series 2020-3A, Class A, 2.07% 20457,16 | 1,482 | 1,486 | |
CLI Funding V LLC, Series 2020-1A, Class A, 2.08% 20457,16 | 5,624 | 5,621 | |
CLI Funding V LLC, Series 2020-3A, Class B, 3.30% 20457,16 | 944 | 933 | |
CLI Funding VIII LLC, Series 2021-1A, Class A, 1.64% 20467,16 | 3,977 | 3,895 | |
Cloud Pass-Through Trust, Series 2019-1A, Class CLOU, 3.554% 20227,12,16 | 624 | 631 | |
Credit Acceptance Auto Loan Trust, Series 2020-1A, Class A, 2.01% 20297,16 | 2,964 | 3,016 | |
Drive Auto Receivables Trust, Series 2020-1, Class A2, 1.99% 202216 | 6 | 6 | |
Drive Auto Receivables Trust, Series 2019-3, Class A3, 2.49% 202316 | 67 | 67 | |
Drive Auto Receivables Trust, Series 2019-3, Class B, 2.65% 202416 | 595 | 599 | |
Drive Auto Receivables Trust, Series 2019-3, Class C, 2.90% 202516 | 820 | 840 | |
Drive Auto Receivables Trust, Series 2020-1, Class C, 2.36% 202616 | 2,262 | 2,312 | |
Drivetime Auto Owner Trust, Series 2019-3, Class B, 2.60% 20237,16 | 243 | 244 | |
Drivetime Auto Owner Trust, Series 2019-3, Class C, 2.74% 20257,16 | 110 | 112 | |
EDvestinU Private Education Loan LLC, Series 2021-A, Class A, 1.80% 20457,16 | 512 | 508 |
American Funds Insurance Series — Asset Allocation Fund — Page 111 of 240
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Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
Exeter Automobile Receivables Trust, Series 2018-1A, Class C, 3.03% 20237,16 | $77 | $77 | |
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 20377,16 | 13,444 | 13,332 | |
Ford Credit Auto Owner Trust, Series 2016-2, Class A, 2.03% 20277,16 | 3,900 | 3,914 | |
Ford Credit Auto Owner Trust, Series 2017-1, Class A, 2.62% 20287,16 | 4,330 | 4,416 | |
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 20307,16 | 4,825 | 5,151 | |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.52% 20307,16 | 6,000 | 6,468 | |
Ford Credit Auto Owner Trust, Series 2020-1, Class A, 2.04% 20317,16 | 8,861 | 9,185 | |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 20317,16 | 9,605 | 10,363 | |
Ford Credit Auto Owner Trust, Series 2020-2, Class A, 1.06% 20337,16 | 12,376 | 12,283 | |
GCI Funding I LLC, Series 2020-1, Class A, 2.82% 20457,16 | 893 | 908 | |
GCI Funding I LLC, Series 2020-1, Class B, 3.81% 20457,16 | 359 | 360 | |
Global SC Finance SRL, Series 2021-1A, Class A, 1.86% 20417,16 | 4,925 | 4,907 | |
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 20397,16 | 3,069 | 3,034 | |
Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 20407,16 | 12,981 | 13,033 | |
Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 20407,16 | 16,263 | 16,273 | |
Global SC Finance VII SRL, Series 2020-2A, Class B, 3.32% 20407,16 | 673 | 665 | |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2017-2A, Class A, 3.29% 20237,16 | 334 | 336 | |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2018-1A, Class A, 3.29% 20247,16 | 516 | 517 | |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2018-3A, Class A, 4.03% 20247,16 | 194 | 195 | |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2019-3A, Class A, 2.67% 20257,16 | 498 | 499 | |
Honda Auto Receivables Owner Trust, Series 2019-2, Class A3, 2.52% 202316 | 2,543 | 2,581 | |
Madison Park Funding Ltd., CLO, Series 2015-17A, Class AR2, (3-month USD-LIBOR + 1.00%) 1.444% 20307,12,16 | 5,545 | 5,548 | |
Marathon CLO Ltd., Series 2017-9A, Class A1AR, (3-month USD-LIBOR + 1.15%) 1.342% 20297,12,16 | 4,230 | 4,230 | |
Mercury Financial, Series 2021-1A, Class A, 1.54% 20267,16 | 4,700 | 4,704 | |
Newark BSL CLO 2 Ltd., Series 2017-1A, Class A1R, (3-month USD-LIBOR + 0.97%) 1.163% 20307,12,16 | 1,765 | 1,765 | |
Palmer Square Loan Funding, CLO, Series 2020-4, Class A1, (3-month USD-LIBOR + 1.00%) 1.188% 20287,12,16 | 3,090 | 3,093 | |
Palmer Square Loan Funding, CLO, Series 2021-1, Class A1, (3-month USD-LIBOR + 0.90%) 1.055% 20297,12,16 | 769 | 769 | |
Race Point CLO Ltd., Series 2015-9A, Class A1A2, (3-month USD-LIBOR + 0.94%) 1.122% 20307,12,16 | 4,634 | 4,634 | |
Santander Drive Auto Receivables Trust, Series 2020-1, Class A2A, 2.07% 202316 | 202 | 203 | |
Santander Drive Auto Receivables Trust, Series 2020-1, Class A3, 2.03% 202416 | 444 | 449 | |
Santander Drive Auto Receivables Trust, Series 2020-1, Class B, 3.03% 202416 | 345 | 355 | |
Santander Drive Auto Receivables Trust, Series 2020-1, Class C, 4.11% 202516 | 1,000 | 1,064 | |
SMB Private Education Loan Trust, Series 2021-A, Class A2A2, (1-month USD-LIBOR + 0.73%) 0.836% 20537,12,16 | 7,547 | 7,554 | |
Sound Point CLO Ltd., Series 2017-3A, Class A1R, (3-month USD-LIBOR + 0.98%) 1.16% 20307,12,16 | 5,530 | 5,533 | |
Sound Point CLO Ltd., Series 2017-2A, Class AR, (3-month USD-LIBOR + 0.98%) 1.168% 20307,12,16 | 3,233 | 3,233 | |
Sound Point CLO Ltd., Series 2015-1RA, Class AR, (3-month USD-LIBOR + 1.08%) 1.255% 20307,12,16 | 2,985 | 2,985 | |
TAL Advantage V LLC, Series 2020-1A, Class A, 2.05% 20457,16 | 2,258 | 2,259 | |
TAL Advantage V LLC, Series 2020-1A, Class B, 3.29% 20457,16 | 253 | 252 | |
Textainer Marine Containers Ltd., Series 2020-2A, Class A, 2.10% 20457,16 | 974 | 979 | |
Textainer Marine Containers Ltd., Series 2021-1A, Class A, 1.68% 20467,16 | 2,963 | 2,884 | |
Textainer Marine Containers Ltd., Series 2021-2A, Class A, 2.23% 20467,16 | 5,100 | 5,098 |
American Funds Insurance Series — Asset Allocation Fund — Page 112 of 240
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Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
Toyota Auto Loan Extended Note Trust, Series 2019-1, Class A, 2.56% 20317,16 | $3,250 | $3,438 | |
Toyota Auto Loan Extended Note Trust, Series 2020-1, Class A, 1.35% 20337,16 | 889 | 903 | |
Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 20347,12,16 | 7,257 | 7,215 | |
Triton Container Finance LLC, Series 2020-1A, Class A, 2.11% 20457,16 | 9,944 | 9,899 | |
Triton Container Finance LLC, Series 2021-1A, Class A, 1.86% 20467,16 | 3,291 | 3,221 | |
Westlake Automobile Receivables Trust, Series 2019-2A, Class A2, 2.57% 20237,16 | 418 | 419 | |
Westlake Automobile Receivables Trust, Series 2019-2A, Class B, 2.62% 20247,16 | 870 | 878 | |
Westlake Automobile Receivables Trust, Series 2019-2A, Class C, 2.84% 20247,16 | 1,390 | 1,420 | |
257,047 | |||
Bonds & notes of governments & government agencies outside the U.S. 0.18% | |||
CPPIB Capital Inc. 2.25% 20227 | 4,286 | 4,358 | |
CPPIB Capital Inc. 2.75% 20277 | 6,600 | 7,118 | |
KfW 2.125% 2022 | 375 | 382 | |
Manitoba (Province of) 3.05% 2024 | 2,600 | 2,796 | |
Morocco (Kingdom of) 3.00% 20327 | 3,000 | 2,820 | |
Morocco (Kingdom of) 4.00% 20507 | 3,000 | 2,663 | |
Panama (Republic of) 2.252% 2032 | 1,990 | 1,896 | |
Peru (Republic of) 1.862% 2032 | 2,525 | 2,304 | |
Peru (Republic of) 2.78% 2060 | 3,775 | 3,126 | |
Qatar (State of) 3.375% 20247 | 2,315 | 2,488 | |
Qatar (State of) 4.00% 20297 | 745 | 847 | |
Qatar (State of) 4.817% 20497 | 750 | 921 | |
Quebec (Province of) 2.375% 2022 | 5,057 | 5,146 | |
Quebec (Province of) 2.75% 2027 | 9,000 | 9,727 | |
Saudi Arabia (Kingdom of) 3.25% 20307 | 1,750 | 1,845 | |
Saudi Arabia (Kingdom of) 5.25% 20507 | 1,000 | 1,229 | |
United Mexican States 2.659% 2031 | 2,703 | 2,556 | |
United Mexican States 3.771% 2061 | 1,528 | 1,356 | |
United Mexican States 3.75% 2071 | 810 | 705 | |
54,283 | |||
Federal agency bonds & notes 0.11% | |||
Fannie Mae 1.875% 2026 | 13,000 | 13,583 | |
Fannie Mae 0.875% 203014 | 23,958 | 22,205 | |
35,788 | |||
Municipals 0.10% South Carolina 0.04% | |||
Housing Fin. Auth., Mortgage Rev. Ref. Bonds, Series 2014, AMT, 4.00% 2041 | 20 | 21 | |
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2013-E, 5.00% 2048 | 20 | 22 | |
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-A, 5.50% 2054 | 1,350 | 1,527 | |
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-A, 5.00% 2050 | 1,390 | 1,590 | |
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-A, 5.00% 2055 | 2,955 | 3,375 | |
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-E, 5.25% 2055 | 3,020 | 3,532 | |
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2016-B, 5.00% 2035 | 410 | 496 | |
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2016-B, 5.00% 2036 | 1,685 | 2,034 | |
Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2016-C, 5.00% 2035 | 650 | 787 | |
13,384 | |||
Florida 0.03% | |||
Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 1.705% 2027 | 5,335 | 5,358 | |
Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 2.154% 2030 | 5,365 | 5,365 | |
10,723 |
American Funds Insurance Series — Asset Allocation Fund — Page 113 of 240
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Bonds, notes & other debt instruments (continued) Municipals (continued) Illinois 0.02% | Principal amount (000) | Value (000) | |
G.O. Bonds, Pension Funding, Series 2003, Assured Guaranty Municipal insured, 5.10% 2033 | $4,125 | $4,703 | |
California 0.01% | |||
Regents of the University of California, General Rev. Bonds, Series 2020-BG, 1.316% 2027 | 2,285 | 2,265 | |
Regents of the University of California, General Rev. Bonds, Series 2020-BG, 1.614% 2030 | 1,340 | 1,280 | |
3,545 | |||
Minnesota 0.00% | |||
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-A, 4.00% 2038 | 60 | 63 | |
Connecticut 0.00% | |||
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-A-1, 4.00% 2044 | 20 | 21 | |
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-C-1, 4.00% 2044 | 25 | 26 | |
47 | |||
Maryland 0.00% | |||
Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Ref. Bonds, Series 2014-E, 2.857% 2040 | 30 | 31 | |
Nebraska 0.00% | |||
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-A, 3.00% 2043 | 15 | 15 | |
Tennessee 0.00% | |||
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 2043 | 10 | 10 | |
South Dakota 0.00% | |||
Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2014-F, 4.00% 2034 | 5 | 5 | |
Total municipals | 32,526 | ||
Total bonds, notes & other debt instruments (cost: $8,152,471,000) | 8,299,569 | ||
Short-term securities 8.96% Money market investments 8.94% | Shares | ||
Capital Group Central Cash Fund 0.08%5,18 | 27,466,478 | 2,746,922 | |
Money market investments purchased from securities lending collateral 0.02% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%18,19 | 4,620,208 | 4,620 | |
Capital Group Central Cash Fund 0.08%5,18,19 | 11,278 | 1,128 | |
5,748 | |||
Total short-term securities (cost: $2,752,317,000) | 2,752,670 | ||
Total investment securities 104.39% (cost: $22,853,385,000) | 32,065,474 | ||
Other assets less liabilities (4.39)% | (1,349,348) | ||
Net assets 100.00% | $30,716,126 |
American Funds Insurance Series — Asset Allocation Fund — Page 114 of 240
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Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount20 (000) | Value at 3/31/202121 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
2 Year U.S. Treasury Note Futures | Long | 1,827 | July 2021 | $365,400 | $403,267 | $(339) |
5 Year U.S. Treasury Note Futures | Long | 1,158 | July 2021 | 115,800 | 142,895 | (1,714) |
10 Year U.S. Treasury Note Futures | Short | 1,022 | June 2021 | (102,200) | (133,818) | 1,472 |
10 Year Ultra U.S. Treasury Note Futures | Short | 4,199 | June 2021 | (419,900) | (603,344) | 18,939 |
20 Year U.S. Treasury Bond Futures | Long | 1,325 | June 2021 | 132,500 | 204,837 | (5,709) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 594 | June 2021 | 59,400 | 107,644 | (4,426) |
$8,223 |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized appreciation at 3/31/2021 (000) |
U.S. EFFR | 0.0795% | 7/13/2025 | $39,521 | $1,008 | $— | $1,008 |
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium received (000) | Unrealized depreciation at 3/31/2021 (000) |
CDX.NA.IG.36 | 1.00%/Quarterly | 6/20/2026 | $101,947 | $(2,383) | $(2,207) | $(176) |
Centrally cleared credit default swaps on credit indices — sell protection
Receive/ Payment frequency | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized appreciation at 3/31/2021 (000) |
1.00%/Quarterly | CDX.NA.IG.35 | 12/20/2025 | $48 | $1 | $1 | $—8 |
Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Common stocks 0.60% | |||||||
Health care 0.05% | |||||||
NuCana PLC (ADR)1 | $13,367 | $— | $— | $— | $1,489 | $14,856 | $— |
Consumer discretionary 0.55% | |||||||
Kontoor Brands, Inc. | 150,072 | — | 8,829 | 1,626 | 26,986 | 169,855 | 1,400 |
Total common stocks | 184,711 |
American Funds Insurance Series — Asset Allocation Fund — Page 115 of 240
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Investments in affiliates5 (continued)
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 8.95% | |||||||
Money market investments 8.94% | |||||||
Capital Group Central Cash Fund 0.08%18 | $2,273,691 | $1,469,479 | $996,248 | $— | $—8 | $2,746,922 | $643 |
Money market investments purchased from securities lending collateral 0.01% | |||||||
Capital Group Central Cash Fund 0.08%18,19 | — | —22 | —22 | —22 | —22 | 1,128 | —22 |
Total short-term securities | 2,748,050 | ||||||
Total 9.55% | $1,626 | $28,475 | $2,932,761 | $2,043 |
1 | Security did not produce income during the last 12 months. |
2 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $1,486,361,000, which represented 4.84% of the net assets of the fund. This amount includes $1,453,784,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
3 | Value determined using significant unobservable inputs. |
4 | All or a portion of this security was on loan. The total value of all such securities was $6,229,000, which represented .02% of the net assets of the fund. |
5 | Affiliate of the fund or part of the same group of investment companies as the fund, in each case as defined under the Investment Company Act of 1940. |
6 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear below. |
7 | Acquired in a transaction exempt from registration under Rule 144A 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 $1,299,515,000, which represented 4.23% of the net assets of the fund. |
8 | Amount less than one thousand. |
9 | Step bond; coupon rate may change at a later date. |
10 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $17,948,000, which represented .06% of the net assets of the fund. |
11 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Most recent payment was 100% cash unless otherwise noted. |
12 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
13 | Scheduled interest and/or principal payment was not received. |
14 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $24,555,000, which represented .08% of the net assets of the fund. |
15 | Index-linked bond whose principal amount moves with a government price index. |
16 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
17 | Purchased on a TBA basis. |
18 | Rate represents the seven-day yield at 3/31/2021. |
19 | Security purchased with cash collateral from securities on loan. |
20 | Notional amount is calculated based on the number of contracts and notional contract size. |
21 | Value is calculated based on the notional amount and current market price. |
22 | Information not shown for money market investments purchased with cash collateral from securities on loan. |
Private placement securities | Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets |
Rotech Healthcare Inc. | 9/26/2013 | $6,949 | $14,455 | .05% |
Advanz Pharma Corp. Ltd. | 8/31/2018-9/4/2018 | 2,219 | 2,980 | .01 |
Extraction Oil & Gas, Inc. | 1/20/2021 | 555 | 670 | .00 |
Total private placement securities | $9,723 | $18,105 | .06% |
American Funds Insurance Series — Asset Allocation Fund — Page 116 of 240
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Key to abbreviations and symbol | ||
ADR = American Depositary Receipts | ||
Agcy. = Agency | ||
AMT = Alternative Minimum Tax | ||
Auth. = Authority | ||
CAD = Canadian dollars | ||
CLO = Collateralized Loan Obligations | ||
Dept. = Department | ||
Dev. = Development | ||
EFFR = Effective Federal Funds Rate | ||
Fin. = Finance | ||
G.O. = General Obligation | ||
GDR = Global Depositary Receipts | ||
LIBOR = London Interbank Offered Rate | ||
Ref. = Refunding | ||
Rev. = Revenue | ||
SOFR = Secured Overnight Financing Rate | ||
TBA = To-be-announced | ||
USD/$ = U.S. dollars |
American Funds Insurance Series — Asset Allocation Fund — Page 117 of 240
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Common stocks 58.13% Information technology 14.10% | Shares | Value (000) | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 672,000 | $13,972 | |
Microsoft Corp. | 44,512 | 10,495 | |
ASML Holding NV1 | 16,484 | 10,054 | |
Broadcom Inc. | 18,128 | 8,405 | |
Tokyo Electron Ltd.1 | 10,700 | 4,581 | |
PagSeguro Digital Ltd., Class A2 | 85,447 | 3,956 | |
Edenred SA1 | 33,018 | 1,725 | |
Visa Inc., Class A | 7,824 | 1,657 | |
Mastercard Inc., Class A | 4,543 | 1,618 | |
Amphenol Corp., Class A | 24,059 | 1,587 | |
Keyence Corp.1 | 3,400 | 1,552 | |
Murata Manufacturing Co., Ltd.1 | 16,200 | 1,306 | |
60,908 | |||
Health care 8.22% | |||
AstraZeneca PLC1 | 58,089 | 5,793 | |
UnitedHealth Group Inc. | 14,047 | 5,226 | |
Humana Inc. | 7,730 | 3,241 | |
Pfizer Inc. | 79,875 | 2,894 | |
Thermo Fisher Scientific Inc. | 5,264 | 2,402 | |
Coloplast A/S, Class B1 | 15,062 | 2,267 | |
Merck & Co., Inc. | 29,213 | 2,252 | |
Mettler-Toledo International Inc.2 | 1,805 | 2,086 | |
Fisher & Paykel Healthcare Corp. Ltd.1 | 75,485 | 1,695 | |
Novartis AG1 | 18,062 | 1,543 | |
Cigna Corp. | 6,015 | 1,454 | |
Carl Zeiss Meditec AG, non-registered shares1 | 8,672 | 1,307 | |
Gilead Sciences, Inc. | 14,388 | 930 | |
Koninklijke Philips NV (EUR denominated)1,2 | 14,634 | 835 | |
Bayer AG1 | 12,984 | 822 | |
Viatris Inc.2 | 54,232 | 758 | |
35,505 | |||
Financials 7.91% | |||
JPMorgan Chase & Co. | 49,930 | 7,601 | |
Berkshire Hathaway Inc., Class A2 | 14 | 5,400 | |
Berkshire Hathaway Inc., Class B2 | 662 | 169 | |
BlackRock, Inc. | 3,498 | 2,637 | |
Zurich Insurance Group AG1 | 6,075 | 2,590 | |
Aon PLC, Class A | 10,375 | 2,387 | |
Hong Kong Exchanges and Clearing Ltd.1 | 37,300 | 2,206 | |
AIA Group Ltd.1 | 180,600 | 2,197 | |
S&P Global Inc. | 5,078 | 1,792 | |
Tokio Marine Holdings, Inc.1 | 34,600 | 1,657 | |
Deutsche Boerse AG1 | 9,323 | 1,549 | |
Legal & General Group PLC1 | 365,395 | 1,404 |
American Funds Insurance Series — Global Balanced Fund — Page 118 of 240
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Common stocks (continued) Financials (continued) | Shares | Value (000) | |
B3 SA - Brasil, Bolsa, Balcao | 133,641 | $1,297 | |
FinecoBank SpA1,2 | 77,500 | 1,272 | |
34,158 | |||
Consumer staples 6.23% | |||
Philip Morris International Inc. | 61,495 | 5,457 | |
Nestlé SA1 | 45,906 | 5,116 | |
Altria Group, Inc. | 70,706 | 3,617 | |
Kweichow Moutai Co., Ltd., Class A1 | 10,700 | 3,289 | |
British American Tobacco PLC1 | 77,359 | 2,959 | |
British American Tobacco PLC (ADR) | 3,765 | 146 | |
Keurig Dr Pepper Inc. | 85,763 | 2,948 | |
Budweiser Brewing Co. APAC Ltd.1 | 317,700 | 950 | |
Coca-Cola European Partners PLC | 18,019 | 940 | |
Coca-Cola Company | 14,923 | 787 | |
Procter & Gamble Company | 5,253 | 711 | |
26,920 | |||
Industrials 5.18% | |||
SITC International Holdings Co. Ltd.1 | 958,000 | 3,261 | |
Airbus SE, non-registered shares1,2 | 22,643 | 2,565 | |
Lockheed Martin Corp. | 5,497 | 2,031 | |
Nidec Corp.1 | 15,500 | 1,893 | |
SMC Corp.1 | 3,200 | 1,867 | |
Spirax-Sarco Engineering PLC1 | 11,127 | 1,749 | |
MTU Aero Engines AG1 | 6,315 | 1,486 | |
Watsco, Inc. | 5,699 | 1,486 | |
CSX Corp. | 14,006 | 1,351 | |
BAE Systems PLC1 | 174,818 | 1,217 | |
Honeywell International Inc. | 4,906 | 1,065 | |
United Parcel Service, Inc., Class B | 5,575 | 948 | |
Union Pacific Corp. | 4,256 | 938 | |
Boeing Company2 | 2,057 | 524 | |
22,381 | |||
Consumer discretionary 5.11% | |||
LVMH Moët Hennessy-Louis Vuitton SE1 | 6,355 | 4,235 | |
Home Depot, Inc. | 13,157 | 4,016 | |
Domino’s Pizza, Inc. | 8,601 | 3,163 | |
Amazon.com, Inc.2 | 782 | 2,420 | |
Ocado Group PLC1,2 | 79,395 | 2,228 | |
Darden Restaurants, Inc. | 15,036 | 2,135 | |
General Motors Company | 30,074 | 1,728 | |
Stellantis NV1 | 48,207 | 852 | |
Industria de Diseño Textil, SA1 | 21,728 | 716 | |
Wynn Resorts, Ltd. | 4,639 | 582 | |
22,075 | |||
Communication services 2.81% | |||
SoftBank Corp.1 | 257,200 | 3,347 | |
Alphabet Inc., Class C2 | 1,489 | 3,080 | |
Verizon Communications Inc. | 51,066 | 2,970 |
American Funds Insurance Series — Global Balanced Fund — Page 119 of 240
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Common stocks (continued) Communication services (continued) | Shares | Value (000) | |
Nintendo Co., Ltd.1 | 3,900 | $2,183 | |
América Móvil, SAB de CV, Series L (ADR) | 41,843 | 568 | |
12,148 | |||
Materials 2.74% | |||
Croda International PLC1 | 27,163 | 2,377 | |
Givaudan SA1 | 568 | 2,189 | |
Vale SA, ordinary nominative | 119,850 | 2,086 | |
LyondellBasell Industries NV | 15,037 | 1,565 | |
Akzo Nobel NV1 | 12,721 | 1,422 | |
Koninklijke DSM NV1 | 7,519 | 1,272 | |
Rio Tinto PLC1 | 12,001 | 918 | |
11,829 | |||
Real estate 2.57% | |||
Crown Castle International Corp. REIT | 16,147 | 2,779 | |
Longfor Group Holdings Ltd.1 | 323,000 | 2,151 | |
Equinix, Inc. REIT | 2,998 | 2,037 | |
American Tower Corp. REIT | 6,786 | 1,622 | |
Gaming and Leisure Properties, Inc. REIT | 37,342 | 1,585 | |
Shimao Group Holdings Ltd.1 | 290,000 | 913 | |
11,087 | |||
Energy 2.25% | |||
TC Energy Corp. (CAD denominated) | 58,503 | 2,682 | |
BP PLC1 | 552,130 | 2,240 | |
Baker Hughes Co., Class A | 75,194 | 1,625 | |
Chevron Corp. | 13,561 | 1,421 | |
Pioneer Natural Resources Company | 6,739 | 1,070 | |
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR) | 78,873 | 669 | |
9,707 | |||
Utilities 1.01% | |||
Enel SpA1 | 357,364 | 3,571 | |
Brookfield Infrastructure Partners LP | 14,608 | 780 | |
4,351 | |||
Total common stocks (cost: $158,309,000) | 251,069 | ||
Preferred securities 0.39% Information technology 0.39% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 26,167 | 1,693 | |
Total preferred securities (cost: $1,338,000) | 1,693 | ||
Convertible stocks 0.37% Utilities 0.37% | |||
AES Corp., convertible preferred units, 6.875% 2024 | 15,300 | 1,581 | |
Total convertible stocks (cost: $1,531,000) | 1,581 |
American Funds Insurance Series — Global Balanced Fund — Page 120 of 240
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Bonds, notes & other debt instruments 30.58% Bonds & notes of governments & government agencies outside the U.S. 14.68% | Principal amount (000) | Value (000) | |
Abu Dhabi (Emirate of) 2.50% 20223 | $200 | $206 | |
Abu Dhabi (Emirate of) 0.75% 20233 | 275 | 276 | |
Agricultural Development Bank of China 3.75% 2029 | CNY550 | 85 | |
Agricultural Development Bank of China 2.96% 2030 | 4,350 | 630 | |
Australia (Commonwealth of), Series 152, 2.75% 2028 | A$1,710 | 1,430 | |
Australia (Commonwealth of), Series 163, 1.00% 2031 | 660 | 461 | |
Australia (Commonwealth of), Series 162, 1.75% 2051 | 400 | 243 | |
Brazil (Federative Republic of) 0% 2021 | BRL3,000 | 529 | |
Brazil (Federative Republic of) 6.00% 20244 | 2,948 | 572 | |
Canada 2.25% 2025 | C$1,400 | 1,182 | |
Canada 2.25% 2029 | 1,440 | 1,223 | |
Chile (Republic of) 4.50% 2026 | CLP235,000 | 362 | |
China (People’s Republic of), Series 1916, 3.12% 2026 | CNY8,650 | 1,322 | |
China (People’s Republic of), Series INBK, 2.85% 2027 | 6,000 | 898 | |
China (People’s Republic of), Series IMBK, 3.28% 2027 | 400 | 61 | |
China (People’s Republic of), Series 1906, 3.29% 2029 | 5,500 | 842 | |
China (People’s Republic of), Series 1910, 3.86% 2049 | 4,610 | 722 | |
China (People’s Republic of), Series INBK, 3.39% 2050 | 300 | 43 | |
China (People’s Republic of), Series INBK, 3.81% 2050 | 7,480 | 1,162 | |
China Development Bank Corp., Series 2008, 2.89% 2025 | 3,240 | 485 | |
China Development Bank Corp., Series 2004, 3.43% 2027 | 1,060 | 161 | |
China Development Bank Corp., Series 1805, 4.04% 2028 | 8,230 | 1,291 | |
China Development Bank Corp., Series 1805, 4.88% 2028 | 2,040 | 336 | |
China Development Bank Corp., Series 1905, 3.48% 2029 | 11,080 | 1,674 | |
Colombia (Republic of) 5.75% 2027 | COP1,543,200 | 411 | |
French Republic O.A.T. 0% 2030 | €1,320 | 1,556 | |
French Republic O.A.T. 3.25% 2045 | 160 | 299 | |
Germany (Federal Republic of) 0% 2025 | 822 | 994 | |
Germany (Federal Republic of) 0.50% 2027 | 675 | 846 | |
Germany (Federal Republic of) 0.25% 2029 | 830 | 1,029 | |
Germany (Federal Republic of) 0% 2030 | 842 | 1,020 | |
Germany (Federal Republic of) 0% 2050 | 380 | 414 | |
Greece (Hellenic Republic of) 3.375% 2025 | 475 | 628 | |
Greece (Hellenic Republic of) 3.75% 2028 | 280 | 400 | |
Greece (Hellenic Republic of) 3.875% 2029 | 270 | 396 | |
Indonesia (Republic of) 3.75% 2022 | $410 | 424 | |
Indonesia (Republic of), Series 78, 8.25% 2029 | IDR4,301,000 | 324 | |
Indonesia (Republic of), Series 82, 7.00% 2030 | 1,000,000 | 70 | |
Indonesia (Republic of), Series 87, 6.50% 2031 | 2,010,000 | 136 | |
Indonesia (Republic of), Series 74, 7.50% 2032 | 597,000 | 42 | |
Indonesia (Republic of), Series 65, 6.625% 2033 | 1,493,000 | 100 | |
Israel (State of) 2.875% 2024 | €200 | 255 | |
Israel (State of) 1.50% 2027 | 100 | 127 | |
Italy (Republic of) 0.10% 20234 | 774 | 938 | |
Italy (Republic of) 0.95% 2027 | 1,025 | 1,257 | |
Italy (Republic of) 1.35% 2030 | 660 | 829 | |
Japan, Series 134, 0.10% 2022 | ¥16,000 | 145 | |
Japan, Series 17, 0.10% 20234 | 10,460 | 95 | |
Japan, Series 19, 0.10% 20244 | 30,360 | 277 | |
Japan, Series 18, 0.10% 20244 | 20,800 | 189 | |
Japan, Series 145, 0.10% 2025 | 98,050 | 894 | |
Japan, Series 21, 0.10% 20264 | 40,504 | 370 | |
Japan, Series 346, 0.10% 2027 | 173,250 | 1,580 | |
Japan, Series 22, 0.10% 20274 | 25,389 | 232 | |
Japan, Series 23, 0.10% 20284 | 66,326 | 604 |
American Funds Insurance Series — Global Balanced Fund — Page 121 of 240
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Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Japan, Series 24, 0.10% 20294 | ¥ 213,400 | $1,941 | |
Japan, Series 356, 0.10% 2029 | 112,800 | 1,025 | |
Japan, Series 360, 0.10% 2030 | 368,900 | 3,341 | |
Japan, Series 152, 1.20% 2035 | 213,000 | 2,170 | |
Japan, Series 42, 1.70% 2044 | 94,100 | 1,061 | |
Malaysia (Federation of), Series 0119, 3.906% 2026 | MYR1,380 | 351 | |
Malaysia (Federation of), Series 0417, 3.899% 2027 | 1,300 | 330 | |
Malaysia (Federation of), Series 0418, 4.893% 2038 | 2,800 | 723 | |
Malaysia (Federation of), Series 0519, 3.757% 2040 | 1,650 | 373 | |
Malaysia (Federation of), Series 0216, 4.736% 2046 | 409 | 103 | |
Morocco (Kingdom of) 3.50% 2024 | €100 | 128 | |
Morocco (Kingdom of) 1.375% 2026 | 130 | 154 | |
Morocco (Kingdom of) 1.50% 2031 | 225 | 249 | |
National Highways Authority of India 7.17% 2021 | INR30,000 | 420 | |
Netherlands (Kingdom of the) 0% 2027 | €585 | 706 | |
Netherlands (Kingdom of the) 5.50% 2028 | 100 | 165 | |
Norway (Kingdom of) 1.75% 2025 | NKr4,000 | 483 | |
Nova Scotia (Province of) 3.15% 2051 | C$170 | 144 | |
Peru (Republic of) 2.392% 2026 | $90 | 93 | |
Peru (Republic of) 6.15% 2032 | PEN600 | 174 | |
Philippines (Republic of) 0.001% 2024 | ¥100,000 | 903 | |
Philippines (Republic of) 1.648% 2031 | $200 | 189 | |
Poland (Republic of), Series 1029, 2.75% 2029 | PLN410 | 115 | |
Qatar (State of) 3.40% 20253 | $200 | 218 | |
Quebec (Province of) 1.50% 2031 | C$425 | 316 | |
Romania 3.624% 2030 | €917 | 1,235 | |
Romania 2.00% 2032 | 100 | 118 | |
Romania 3.50% 2034 | 65 | 87 | |
Romania 3.875% 2035 | 170 | 231 | |
Romania 3.375% 2038 | 80 | 102 | |
Romania 4.625% 2049 | 39 | 56 | |
Romania 3.375% 2050 | 73 | 90 | |
Russian Federation 7.00% 2023 | RUB16,600 | 225 | |
Russian Federation 2.875% 2025 | €300 | 384 | |
Russian Federation 4.25% 2027 | $200 | 219 | |
Russian Federation 6.90% 2029 | RUB25,250 | 334 | |
Russian Federation 7.65% 2030 | 34,320 | 476 | |
Russian Federation 5.90% 2031 | 5,620 | 69 | |
Russian Federation 8.50% 2031 | 5,530 | 81 | |
Russian Federation 7.70% 2033 | 23,030 | 321 | |
Russian Federation 7.25% 2034 | 8,140 | 110 | |
Saudi Arabia (Kingdom of) 2.894% 20223 | $200 | 205 | |
Serbia (Republic of) 3.125% 2027 | €765 | 995 | |
South Korea (Republic of), Series 2209, 2.00% 2022 | KRW560,000 | 503 | |
Spain (Kingdom of) 1.25% 2030 | €480 | 615 | |
Sri Lanka (Democratic Socialist Republic of) 6.25% 2021 | $250 | 242 | |
Ukraine 6.75% 2026 | €150 | 189 | |
United Kingdom 1.75% 2022 | £280 | 396 | |
United Kingdom 2.75% 2024 | 50 | 75 | |
United Kingdom 0.375% 2030 | 730 | 961 | |
United Kingdom 4.75% 2030 | 460 | 865 | |
United Kingdom 4.25% 2032 | 280 | 520 | |
United Kingdom 4.50% 2034 | 225 | 442 | |
United Kingdom 0.625% 2035 | 600 | 764 | |
United Kingdom 3.25% 2044 | 250 | 472 |
American Funds Insurance Series — Global Balanced Fund — Page 122 of 240
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Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
United Kingdom 0.625% 2050 | £ 230 | $259 | |
United Mexican States 0.70% 2021 | ¥100,000 | 904 | |
United Mexican States, Series M, 7.50% 2027 | MXN20,240 | 1,056 | |
United Mexican States, Series M20, 8.50% 2029 | 11,500 | 632 | |
United Mexican States, Series M, 8.00% 2047 | 4,000 | 201 | |
63,386 | |||
U.S. Treasury bonds & notes 10.23% U.S. Treasury 10.13% | |||
U.S. Treasury 0.125% 2022 | $7,186 | 7,184 | |
U.S. Treasury 1.875% 2022 | 2,275 | 2,327 | |
U.S. Treasury 0.125% 2023 | 1,257 | 1,256 | |
U.S. Treasury 0.375% 2025 | 8,493 | 8,308 | |
U.S. Treasury 2.25% 2027 | 300 | 318 | |
U.S. Treasury 2.875% 2028 | 1,975 | 2,172 | |
U.S. Treasury 0.625% 2030 | 3,290 | 2,993 | |
U.S. Treasury 0.875% 20305 | 12,544 | 11,606 | |
U.S. Treasury 1.875% 2041 | 270 | 252 | |
U.S. Treasury 2.875% 2046 | 400 | 438 | |
U.S. Treasury 1.375% 20505 | 8,821 | 6,896 | |
43,750 | |||
U.S. Treasury inflation-protected securities 0.10% | |||
U.S. Treasury Inflation-Protected Security 1.00% 20494 | 333 | 418 | |
Total U.S. Treasury bonds & notes | 44,168 | ||
Corporate bonds, notes & loans 4.84% Financials 1.20% | |||
ACE INA Holdings Inc. 2.875% 2022 | 10 | 10 | |
ACE INA Holdings Inc. 3.35% 2026 | 10 | 11 | |
ACE INA Holdings Inc. 4.35% 2045 | 20 | 24 | |
Allianz SE 4.75% 2049 (3-month EUR-EURIBOR + 3.60% on 10/24/2023)6 | €100 | 131 | |
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023)6 | $100 | 105 | |
Bank of America Corp. 1.319% 2026 (USD-SOFR + 1.15% on 6/19/2025)6 | 500 | 499 | |
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027)6 | 236 | 254 | |
Bank of America Corp. 2.496% 2031 (3-month USD-LIBOR + 0.99% on 2/13/2030)6 | 20 | 20 | |
Citigroup Inc. 3.106% 2026 (USD-SOFR + 2.842% on 3/8/2026)6 | 175 | 187 | |
Commonwealth Bank of Australia 2.688% 20313 | 225 | 219 | |
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022)6 | 130 | 134 | |
Goldman Sachs Group, Inc. 3.50% 2025 | 207 | 224 | |
Goldman Sachs Group, Inc. 4.017% 2038 (3-month USD-LIBOR + 1.373% on 10/31/2037)6 | 78 | 87 | |
Groupe BPCE SA 0.64% 2022 | ¥100,000 | 906 | |
Groupe BPCE SA 5.70% 20233 | $200 | 224 | |
Groupe BPCE SA 1.00% 2025 | €100 | 121 | |
HSBC Holdings PLC 4.292% 2026 (3-month USD-LIBOR + 1.348% on 9/12/2025)6 | $200 | 222 | |
JPMorgan Chase & Co. 3.25% 2022 | 28 | 29 | |
JPMorgan Chase & Co. 4.493% 2031 (USD-SOFR + 3.79% on 3/24/2030)6 | 160 | 185 | |
Mizuho Financial Group, Ltd. 2.721% 2023 (3-month USD-LIBOR + 0.84% on 7/16/2022)6 | 271 | 278 | |
Morgan Stanley 0.985% 2026 (USD-SOFR + 0.72% on 12/10/2025)6 | 200 | 195 | |
Morgan Stanley 3.125% 2026 | 110 | 118 | |
Morgan Stanley 2.699% 2031 (USD-SOFR + 1.143% on 1/22/2030)6 | 72 | 73 | |
New York Life Insurance Company 3.75% 20503 | 23 | 24 | |
PNC Financial Services Group, Inc. 2.854% 20226 | 100 | 104 | |
Rabobank Nederland 3.875% 2023 | €100 | 128 |
American Funds Insurance Series — Global Balanced Fund — Page 123 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
Skandinaviska Enskilda Banken AB 2.80% 2022 | $250 | $256 | |
Wells Fargo & Company 2.393% 2028 (USD-SOFR + 2.10% on 6/2/2027)6 | 400 | 410 | |
5,178 | |||
Utilities 0.93% | |||
Abu Dhabi National Energy Company PJSC (TAQA) 3.625% 20233 | 200 | 210 | |
Berkshire Hathaway Energy Company 3.70% 2030 | 25 | 28 | |
Berkshire Hathaway Energy Company 1.65% 2031 | 175 | 163 | |
CMS Energy Corp. 3.00% 2026 | 150 | 159 | |
Duke Energy Carolinas, LLC 3.05% 2023 | 280 | 295 | |
Duke Energy Progress, LLC 3.70% 2028 | 75 | 83 | |
Edison International 4.125% 2028 | 160 | 172 | |
Enel Finance International SA 2.75% 20233 | 200 | 208 | |
Enel Finance International SA 3.50% 20283 | 200 | 214 | |
Enersis Américas SA 4.00% 2026 | 35 | 38 | |
Exelon Corp. 3.40% 2026 | 150 | 162 | |
Exelon Corp., junior subordinated, 3.497% 20226 | 25 | 26 | |
FirstEnergy Corp. 3.50% 20283 | 35 | 36 | |
Interstate Power and Light Co. 2.30% 2030 | 50 | 49 | |
NextEra Energy Capital Holdings, Inc. 2.75% 2029 | 234 | 240 | |
NextEra Energy Capital Holdings, Inc. 2.25% 2030 | 478 | 468 | |
Niagara Mohawk Power Corp. 3.508% 20243 | 85 | 92 | |
Pacific Gas and Electric Co. 2.95% 2026 | 25 | 26 | |
Pacific Gas and Electric Co. 2.10% 2027 | 100 | 98 | |
Pacific Gas and Electric Co. 4.65% 2028 | 114 | 126 | |
Pacific Gas and Electric Co. 4.55% 2030 | 31 | 34 | |
Pacific Gas and Electric Co. 2.50% 2031 | 600 | 567 | |
Pacific Gas and Electric Co. 3.25% 2031 | 50 | 50 | |
Pacific Gas and Electric Co. 3.50% 2050 | 137 | 119 | |
State Grid Overseas Investment Ltd. 1.25% 2022 | €100 | 119 | |
Xcel Energy Inc. 3.35% 2026 | $216 | 234 | |
4,016 | |||
Communication services 0.61% | |||
AT&T Inc. 2.75% 2031 | 375 | 374 | |
AT&T Inc. 2.55% 20333 | 64 | 61 | |
Comcast Corp. 3.95% 2025 | 80 | 89 | |
Deutsche Telekom International Finance BV 9.25% 2032 | 45 | 72 | |
France Télécom 9.00% 20316 | 65 | 100 | |
KT Corp. 0.22% 2022 | ¥100,000 | 902 | |
T-Mobile US, Inc. 2.05% 20283 | $200 | 196 | |
Verizon Communications Inc. 0.375% 2029 | €140 | 164 | |
Verizon Communications Inc. 2.55% 2031 | $325 | 325 | |
Verizon Communications Inc. 0.75% 2032 | €100 | 117 | |
Walt Disney Company 2.65% 2031 | $240 | 245 | |
2,645 | |||
Energy 0.53% | |||
Canadian Natural Resources Ltd. 2.95% 2030 | 161 | 161 | |
Enbridge Inc. 4.25% 2026 | 70 | 78 | |
Enbridge Inc. 3.70% 2027 | 45 | 49 | |
Energy Transfer Operating, LP 5.00% 2050 | 315 | 326 | |
Equinor ASA 1.75% 2026 | 35 | 36 | |
Equinor ASA 2.375% 2030 | 70 | 70 |
American Funds Insurance Series — Global Balanced Fund — Page 124 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Exxon Mobil Corp. 2.992% 2025 | $135 | $145 | |
Exxon Mobil Corp. 3.482% 2030 | 127 | 138 | |
Halliburton Company 3.80% 2025 | 3 | 3 | |
MPLX LP 2.65% 2030 | 75 | 74 | |
MPLX LP 5.50% 2049 | 215 | 253 | |
ONEOK, Inc. 4.45% 2049 | 143 | 143 | |
Petróleos Mexicanos 7.19% 2024 | MXN3,363 | 155 | |
Petróleos Mexicanos 7.47% 2026 | 5,330 | 229 | |
Shell International Finance BV 3.50% 2023 | $330 | 356 | |
Statoil ASA 3.70% 2024 | 50 | 54 | |
2,270 | |||
Health care 0.42% | |||
Abbott Laboratories 3.75% 2026 | 51 | 57 | |
Aetna Inc. 2.80% 2023 | 10 | 11 | |
Amgen Inc. 1.90% 2025 | 40 | 41 | |
Amgen Inc. 2.20% 2027 | 30 | 31 | |
AstraZeneca PLC 3.50% 2023 | 150 | 160 | |
Bayer US Finance II LLC 3.875% 20233 | 200 | 216 | |
Becton, Dickinson and Company 2.894% 2022 | 47 | 48 | |
Becton, Dickinson and Company 3.734% 2024 | 35 | 38 | |
Becton, Dickinson and Company 3.70% 2027 | 43 | 48 | |
Becton, Dickinson and Company 2.823% 2030 | 28 | 29 | |
Bristol-Myers Squibb Company 2.90% 2024 | 114 | 122 | |
Cigna Corp. 4.125% 2025 | 80 | 89 | |
EMD Finance LLC 3.25% 20253 | 250 | 268 | |
Medtronic, Inc. 3.50% 2025 | 31 | 34 | |
Novartis Capital Corp. 1.75% 2025 | 31 | 32 | |
Novartis Capital Corp. 2.00% 2027 | 34 | 35 | |
Novartis Capital Corp. 2.20% 2030 | 73 | 74 | |
Stryker Corp. 0.75% 2029 | €210 | 251 | |
Takeda Pharmaceutical Company, Ltd. 2.25% 2026 | 100 | 130 | |
Thermo Fisher Scientific Inc. 4.133% 2025 | $84 | 93 | |
1,807 | |||
Consumer discretionary 0.36% | |||
Amazon.com, Inc. 2.80% 2024 | 170 | 182 | |
Amazon.com, Inc. 1.20% 2027 | 50 | 49 | |
Amazon.com, Inc. 2.50% 2050 | 305 | 273 | |
Bayerische Motoren Werke AG 3.90% 20253 | 70 | 77 | |
Bayerische Motoren Werke AG 4.15% 20303 | 70 | 80 | |
DaimlerChrysler North America Holding Corp. 2.00% 20213 | 200 | 201 | |
Hyundai Capital America 3.25% 20223 | 65 | 67 | |
Hyundai Capital America 2.375% 20273 | 109 | 110 | |
Hyundai Capital Services Inc. 3.75% 20233 | 250 | 264 | |
Toyota Motor Credit Corp. 2.90% 2023 | 100 | 105 | |
Toyota Motor Credit Corp. 3.00% 2025 | 100 | 107 | |
Toyota Motor Credit Corp. 3.375% 2030 | 33 | 36 | |
1,551 | |||
Consumer staples 0.36% | |||
Altria Group, Inc. 1.00% 2023 | €110 | 131 | |
Altria Group, Inc. 2.20% 2027 | 270 | 342 | |
Anheuser-Busch InBev NV 4.00% 2028 | $100 | 112 |
American Funds Insurance Series — Global Balanced Fund — Page 125 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples (continued) | Principal amount (000) | Value (000) | |
Anheuser-Busch InBev NV 4.75% 2029 | $220 | $257 | |
British American Tobacco PLC 3.215% 2026 | 62 | 66 | |
British American Tobacco PLC 3.557% 2027 | 105 | 112 | |
British American Tobacco PLC 3.462% 2029 | 75 | 78 | |
Conagra Brands, Inc. 4.30% 2024 | 210 | 232 | |
Keurig Dr Pepper Inc. 4.597% 2028 | 175 | 202 | |
1,532 | |||
Real estate 0.18% | |||
American Campus Communities, Inc. 3.75% 2023 | 100 | 106 | |
American Campus Communities, Inc. 4.125% 2024 | 90 | 99 | |
Equinix, Inc. 2.15% 2030 | 197 | 187 | |
Essex Portfolio LP 3.50% 2025 | 120 | 130 | |
Essex Portfolio LP 3.375% 2026 | 40 | 43 | |
WEA Finance LLC 3.75% 20243 | 200 | 212 | |
777 | |||
Information technology 0.13% | |||
Broadcom Inc. 3.15% 2025 | 17 | 18 | |
Broadcom Inc. 4.15% 2030 | 70 | 76 | |
Broadcom Inc. 3.419% 20333 | 53 | 53 | |
Microsoft Corp. 2.40% 2026 | 187 | 198 | |
Oracle Corp. 2.65% 2026 | 216 | 227 | |
572 | |||
Industrials 0.10% | |||
Carrier Global Corp. 2.242% 2025 | 36 | 37 | |
Carrier Global Corp. 2.493% 2027 | 30 | 31 | |
CSX Corp. 3.80% 2050 | 6 | 6 | |
CSX Corp. 2.50% 2051 | 75 | 64 | |
Lima Metro Line 2 Finance Ltd. 5.875% 20343 | 104 | 122 | |
United Technologies Corp. 4.125% 2028 | 170 | 192 | |
452 | |||
Materials 0.02% | |||
Vale Overseas Ltd. 3.75% 2030 | 94 | 98 | |
Total corporate bonds, notes & loans | 20,898 | ||
Mortgage-backed obligations 0.77% Other mortgage-backed securities 0.77% | |||
Korea Housing Finance Corp. 2.00% 20213,7 | 250 | 252 | |
Nordea Kredit 0.50% 20407 | DKr1,813 | 278 | |
Nykredit Realkredit AS, Series 01E, 1.50% 20377 | 730 | 120 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20407 | 8,054 | 1,232 | |
Nykredit Realkredit AS, Series 01E, 1.50% 20407 | 1,865 | 305 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20437 | 6,130 | 931 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20507 | 1,454 | 216 | |
3,334 | |||
Federal agency mortgage-backed obligations 0.00% | |||
Government National Mortgage Assn. Pool #MA5986 4.00% 20497 | $15 | 16 | |
Total mortgage-backed obligations | 3,350 |
American Funds Insurance Series — Global Balanced Fund — Page 126 of 240
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Bonds, notes & other debt instruments (continued) Municipals 0.04% Ohio 0.02% | Principal amount (000) | Value (000) | |
Turnpike and Infrastructure Commission, Turnpike Rev. Ref. Bonds (Infrastructure Projects), Series 2020-A, 3.216% 2048 | $100 | $100 | |
Texas 0.02% | |||
Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 2052 | 80 | 81 | |
Total municipals | 181 | ||
Asset-backed obligations 0.02% | |||
OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20593,7,8 | 90 | 90 | |
Total bonds, notes & other debt instruments (cost: $133,287,000) | 132,073 | ||
Short-term securities 10.29% Money market investments 9.18% | Shares | ||
Capital Group Central Cash Fund 0.08%9,10 | 396,292 | 39,633 | |
U.S. Treasury bills 1.11% | Weighted average yield at acquisition | Principal amount (000) | |
U.S. Treasury 5/11/2021 | 0.035% | $4,800 | 4,800 |
Total short-term securities (cost: $44,431,000) | 44,433 | ||
Total investment securities 99.76% (cost: $338,896,000) | 430,849 | ||
Other assets less liabilities 0.24% | 1,038 | ||
Net assets 100.00% | $431,887 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount11 (000) | Value at 3/31/202112 (000) | Unrealized appreciation (depreciation) at 3/31/2021 (000) |
90 Day Euro Dollar Futures | Short | 201 | September 2022 | $(50,250) | $(50,064) | $27 |
90 Day Euro Dollar Futures | Long | 201 | September 2023 | 50,250 | 49,732 | (69) |
5 Year U.S. Treasury Note Futures | Long | 44 | July 2021 | 4,400 | 5,430 | (39) |
10 Year Italy Government Bond Futures | Short | 6 | June 2021 | €(600) | (1,051) | (9) |
10 Year Euro-Bund Futures | Short | 11 | June 2021 | (1,100) | (2,209) | 1 |
10 Year Ultra U.S. Treasury Note Futures | Short | 32 | June 2021 | $(3,200) | (4,598) | 84 |
30 Year Ultra U.S. Treasury Bond Futures | Short | 3 | June 2021 | (300) | (544) | 1 |
$(4) |
American Funds Insurance Series — Global Balanced Fund — Page 127 of 240
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Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 3/31/2021 (000) | |
Purchases (000) | Sales (000) | |||
USD1,489 | AUD1,920 | HSBC Bank | 4/8/2021 | $31 |
USD540 | CZK11,700 | HSBC Bank | 4/8/2021 | 15 |
USD564 | ILS1,860 | HSBC Bank | 4/8/2021 | 8 |
ZAR6,080 | USD406 | Goldman Sachs | 4/8/2021 | 6 |
GBP200 | EUR231 | Morgan Stanley | 4/8/2021 | 5 |
USD475 | AUD620 | Goldman Sachs | 4/8/2021 | 4 |
NOK460 | EUR45 | Citibank | 4/8/2021 | 1 |
EUR1,288 | DKK9,580 | Morgan Stanley | 4/8/2021 | —13 |
CZK11,700 | EUR448 | HSBC Bank | 4/8/2021 | —13 |
CAD10 | USD8 | HSBC Bank | 4/8/2021 | —13 |
USD11 | RUB800 | Goldman Sachs | 4/8/2021 | —13 |
CNH1,660 | USD256 | HSBC Bank | 4/8/2021 | (3) |
USD405 | ZAR6,080 | Standard Chartered Bank | 4/8/2021 | (6) |
USD573 | MXN11,865 | Goldman Sachs | 4/8/2021 | (7) |
AUD590 | USD457 | Bank of America | 4/8/2021 | (9) |
JPY129,600 | USD1,217 | Bank of America | 4/8/2021 | (46) |
EUR3,077 | USD3,706 | Bank of America | 4/8/2021 | (98) |
USD568 | JPY61,500 | Standard Chartered Bank | 4/9/2021 | 12 |
USD501 | JPY55,000 | Bank of America | 4/9/2021 | 4 |
USD907 | JPY100,000 | Bank of America | 4/9/2021 | 4 |
USD237 | CAD300 | Bank of America | 4/9/2021 | (2) |
JPY82,700 | USD762 | Goldman Sachs | 4/9/2021 | (15) |
USD490 | AUD630 | Bank of New York Mellon | 4/22/2021 | 12 |
USD426 | INR31,100 | Citibank | 4/22/2021 | 2 |
USD199 | COP713,000 | HSBC Bank | 4/23/2021 | 4 |
KRW1,421,430 | USD1,262 | Citibank | 4/23/2021 | (6) |
USD784 | EUR660 | HSBC Bank | 4/26/2021 | 10 |
USD290 | GBP210 | Standard Chartered Bank | 4/26/2021 | —13 |
USD503 | BRL2,788 | Citibank | 4/27/2021 | 8 |
USD111 | TRY930 | Bank of America | 5/5/2021 | 1 |
TRY1,880 | USD254 | Goldman Sachs | 5/5/2021 | (32) |
USD181 | COP661,400 | Citibank | 5/6/2021 | 1 |
USD310 | CNH2,040 | HSBC Bank | 5/6/2021 | —13 |
USD336 | CLP245,100 | Goldman Sachs | 5/6/2021 | (4) |
USD1,002 | GBP720 | Goldman Sachs | 5/17/2021 | 9 |
USD497 | KRW565,000 | Standard Chartered Bank | 5/17/2021 | (2) |
KRW565,000 | USD511 | Standard Chartered Bank | 5/17/2021 | (12) |
SEK1,830 | USD221 | Bank of America | 5/17/2021 | (12) |
USD499 | GBP360 | Standard Chartered Bank | 5/19/2021 | 2 |
USD863 | MYR3,500 | HSBC Bank | 5/24/2021 | 21 |
USD604 | BRL3,300 | Citibank | 5/24/2021 | 19 |
USD205 | TRY1,820 | JPMorgan Chase | 5/25/2021 | (7) |
TRY1,820 | USD244 | Morgan Stanley | 5/25/2021 | (32) |
USD405 | NZD570 | Standard Chartered Bank | 6/10/2021 | 7 |
AUD340 | USD264 | Bank of New York Mellon | 6/15/2021 | (6) |
CAD370 | USD297 | Standard Chartered Bank | 6/17/2021 | (3) |
CAD310 | USD250 | Bank of New York Mellon | 6/17/2021 | (3) |
USD257 | MXN5,320 | Bank of America | 6/22/2021 | (1) |
USD494 | EUR420 | Citibank | 7/1/2021 | 1 |
$(119) |
American Funds Insurance Series — Global Balanced Fund — Page 128 of 240
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Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized appreciation (depreciation) at 3/31/2021 (000) |
3-month AUD-BBSW | 0.29% | 3/4/2024 | A$3,190 | $3 | $— | $3 |
0.3653% | 3-month USD-LIBOR | 3/5/2024 | $2,470 | (9) | — | (9) |
(0.0331)% | 6-month JPY-LIBOR | 3/16/2024 | ¥178,000 | (1) | — | (1) |
(0.03625)% | 6-month JPY-LIBOR | 3/16/2024 | 356,000 | (1) | — | (1) |
(0.4545)% | 6-month EURIBOR | 4/1/2024 | €3,500 | 1 | — | 1 |
(0.454)% | 6-month EURIBOR | 4/1/2024 | 3,500 | —13 | — | —13 |
1.72375% | 6-month AUD-BBSW | 3/4/2031 | A$1,050 | (8) | — | (8) |
3-month USD-LIBOR | 1.4822% | 3/5/2031 | $790 | 22 | — | 22 |
6-month JPY-LIBOR | 0.52145% | 3/16/2051 | ¥19,000 | 2 | — | 2 |
6-month JPY-LIBOR | 0.5675% | 3/16/2051 | 38,000 | —13 | — | —13 |
6-month EURIBOR | 0.5082% | 4/1/2051 | €370 | (4) | — | (4) |
6-month EURIBOR | 0.5092% | 4/1/2051 | 370 | (4) | — | (4) |
$— | $1 |
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium received (000) | Unrealized depreciation at 3/31/2021 (000) |
ITRXEUR.IG.35 | 1.00%/Quarterly | 6/20/2026 | $1,990 | $(58) | $(55) | $(3) |
Investments in affiliates10
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliate at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 9.18% | |||||||
Money market investments 9.18% | |||||||
Capital Group Central Cash Fund 0.08%9 | $24,329 | $76,636 | $61,332 | $—13 | $—13 | $39,633 | $8 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $118,986,000, which represented 27.55% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | Acquired in a transaction exempt from registration under Rule 144A 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 $4,401,000, which represented 1.02% of the net assets of the fund. |
4 | Index-linked bond whose principal amount moves with a government price index. |
5 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $370,000, which represented .09% of the net assets of the fund. |
6 | Step bond; coupon rate may change at a later date. |
7 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
8 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
9 | Rate represents the seven-day yield at 3/31/2021. |
10 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
11 | Notional amount is calculated based on the number of contracts and notional contract size. |
12 | Value is calculated based on the notional amount and current market price. |
13 | Amount less than one thousand. |
American Funds Insurance Series — Global Balanced Fund — Page 129 of 240
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Key to abbreviations and symbols | |
ADR = American Depositary Receipts | KRW = South Korean won |
AUD/A$ = Australian dollars | LIBOR = London Interbank Offered Rate |
BRL = Brazilian reais | MXN = Mexican pesos |
BBSW = Bank Bill Swap Rate | MYR = Malaysian ringgits |
CAD/C$ = Canadian dollars | NOK/NKr = Norwegian kroner |
CLP = Chilean pesos | NZD = New Zealand dollars |
CNH/CNY = Chinese yuan renminbi | PEN = Peruvian nuevos soles |
COP = Colombian pesos | PLN = Polish zloty |
CZK = Czech korunas | Ref. = Refunding |
DKK/DKr = Danish kroner | Rev. = Revenue |
EUR/€ = Euros | RUB = Russian rubles |
EURIBOR = Euro Interbank Offered Rate | SEK = Swedish kronor |
GBP/£ = British pounds | SOFR = Secured Overnight Financing Rate |
IDR = Indonesian rupiah | TRY = Turkish lira |
ILS = Israeli shekels | USD/$ = U.S. dollars |
INR = Indian rupees | ZAR = South African rand |
JPY/¥ = Japanese yen |
American Funds Insurance Series — Global Balanced Fund — Page 130 of 240
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Bonds, notes & other debt instruments 98.73% Mortgage-backed obligations 32.70% Federal agency mortgage-backed obligations 31.79% | Principal amount (000) | Value (000) | |
Fannie Mae Pool #976945 5.50% 20231 | $48 | $49 | |
Fannie Mae Pool #AB1068 4.50% 20251 | 122 | 130 | |
Fannie Mae Pool #AB4088 3.00% 20261 | 562 | 595 | |
Fannie Mae Pool #AJ9156 3.00% 20261 | 300 | 318 | |
Fannie Mae Pool #AJ6967 3.00% 20261 | 146 | 154 | |
Fannie Mae Pool #AJ5522 3.00% 20261 | 4 | 4 | |
Fannie Mae Pool #256133 4.50% 20261 | 154 | 167 | |
Fannie Mae Pool #AK5394 3.00% 20271 | 693 | 733 | |
Fannie Mae Pool #AL5603 3.00% 20271 | 624 | 659 | |
Fannie Mae Pool #AX3597 3.00% 20271 | 281 | 297 | |
Fannie Mae Pool #AL4641 3.00% 20271 | 273 | 288 | |
Fannie Mae Pool #AB4281 3.00% 20271 | 124 | 132 | |
Fannie Mae Pool #AJ9355 3.00% 20271 | 79 | 84 | |
Fannie Mae Pool #AB4486 3.00% 20271 | 62 | 66 | |
Fannie Mae Pool #AB5236 3.00% 20271 | 25 | 26 | |
Fannie Mae Pool #AO0800 3.00% 20271 | 21 | 22 | |
Fannie Mae Pool #AK0971 3.00% 20271 | 11 | 11 | |
Fannie Mae Pool #AL3802 3.00% 20281 | 874 | 924 | |
Fannie Mae Pool #AR3058 3.00% 20281 | 103 | 109 | |
Fannie Mae Pool #AL8241 3.00% 20291 | 827 | 873 | |
Fannie Mae Pool #BM4299 3.00% 20301 | 2,431 | 2,566 | |
Fannie Mae Pool #AL9573 3.00% 20311 | 99 | 105 | |
Fannie Mae Pool #AS8018 3.00% 20311 | 75 | 80 | |
Fannie Mae Pool #BM4741 3.00% 20321 | 58 | 62 | |
Fannie Mae Pool #924866 1.64% 20371,2 | 720 | 728 | |
Fannie Mae Pool #945680 6.00% 20371 | 668 | 795 | |
Fannie Mae Pool #913966 6.00% 20371 | 69 | 80 | |
Fannie Mae Pool #889982 5.50% 20381 | 1,418 | 1,668 | |
Fannie Mae Pool #988588 5.50% 20381 | 261 | 306 | |
Fannie Mae Pool #AB1297 5.00% 20401 | 320 | 372 | |
Fannie Mae Pool #AH9479 5.00% 20411 | 1,850 | 2,154 | |
Fannie Mae Pool #AH8144 5.00% 20411 | 1,598 | 1,859 | |
Fannie Mae Pool #AI1862 5.00% 20411 | 1,447 | 1,684 | |
Fannie Mae Pool #AI3510 5.00% 20411 | 870 | 1,013 | |
Fannie Mae Pool #AJ0704 5.00% 20411 | 829 | 965 | |
Fannie Mae Pool #AJ5391 5.00% 20411 | 452 | 522 | |
Fannie Mae Pool #BM6240 2.325% 20441,2 | 2,781 | 2,943 | |
Fannie Mae Pool #AZ3904 4.00% 20451 | 77 | 84 | |
Fannie Mae Pool #FM5291 3.00% 20461 | 179,584 | 191,423 | |
Fannie Mae Pool #AL8522 3.50% 20461 | 1,401 | 1,513 | |
Fannie Mae Pool #BD1968 4.00% 20461 | 2,137 | 2,335 | |
Fannie Mae Pool #BE0592 4.00% 20461 | 761 | 819 | |
Fannie Mae Pool #BD5477 4.00% 20461 | 468 | 512 | |
Fannie Mae Pool #BM5632 3.00% 20471 | 43,279 | 45,454 | |
Fannie Mae Pool #FM1000 3.00% 20471 | 31,318 | 32,819 |
American Funds Insurance Series — Bond Fund — Page 131 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Fannie Mae Pool #CA0770 3.50% 20471 | $9,337 | $9,933 | |
Fannie Mae Pool #BJ1910 3.50% 20471 | 3,963 | 4,204 | |
Fannie Mae Pool #MA3210 3.50% 20471 | 3,268 | 3,468 | |
Fannie Mae Pool #CA0706 4.00% 20471 | 220 | 238 | |
Fannie Mae Pool #MA3058 4.00% 20471 | 90 | 97 | |
Fannie Mae Pool #BM4413 4.50% 20471 | 6,244 | 6,832 | |
Fannie Mae Pool #BF0293 3.00% 20481 | 11,885 | 12,615 | |
Fannie Mae Pool #FM4891 3.50% 20481 | 36,749 | 39,489 | |
Fannie Mae Pool #BF0318 3.50% 20481 | 11,096 | 11,992 | |
Fannie Mae Pool #MA3332 3.50% 20481 | 8,236 | 8,734 | |
Fannie Mae Pool #MA3305 3.50% 20481 | 4,845 | 5,140 | |
Fannie Mae Pool #CA1189 3.50% 20481 | 2,659 | 2,824 | |
Fannie Mae Pool #FM1755 3.50% 20481 | 1,312 | 1,388 | |
Fannie Mae Pool #MA3356 3.50% 20481 | 93 | 98 | |
Fannie Mae Pool #BK0920 4.00% 20481 | 1,323 | 1,420 | |
Fannie Mae Pool #BJ9252 4.00% 20481 | 415 | 445 | |
Fannie Mae Pool #MA3384 4.00% 20481 | 248 | 267 | |
Fannie Mae Pool #BJ9256 4.00% 20481 | 234 | 251 | |
Fannie Mae Pool #BJ0639 4.00% 20481 | 183 | 197 | |
Fannie Mae Pool #BJ9169 4.00% 20481 | 150 | 161 | |
Fannie Mae Pool #BK0915 4.00% 20481 | 123 | 132 | |
Fannie Mae Pool #BJ5749 4.00% 20481 | 30 | 33 | |
Fannie Mae Pool #BM4676 4.00% 20481 | 22 | 24 | |
Fannie Mae Pool #CA2493 4.50% 20481 | 1,497 | 1,634 | |
Fannie Mae Pool #CA4534 3.00% 20491 | 15,286 | 16,098 | |
Fannie Mae Pool #CA3807 3.00% 20491 | 2,047 | 2,165 | |
Fannie Mae Pool #CA3806 3.00% 20491 | 1,200 | 1,271 | |
Fannie Mae Pool #FM0007 3.50% 20491 | 28,866 | 30,954 | |
Fannie Mae Pool #CA4802 3.50% 20491 | 27,827 | 30,009 | |
Fannie Mae Pool #FM1954 3.50% 20491 | 13,082 | 13,979 | |
Fannie Mae Pool #FM1589 3.50% 20491 | 8,254 | 8,821 | |
Fannie Mae Pool #FM1262 4.00% 20491 | 112,245 | 122,167 | |
Fannie Mae Pool #FM5507 3.00% 20501 | 24,056 | 25,763 | |
Fannie Mae Pool #MA4256 2.50% 20511 | 2,817 | 2,895 | |
Fannie Mae Pool #CA8969 3.00% 20511 | 1,569 | 1,658 | |
Fannie Mae Pool #BF0145 3.50% 20571 | 16,813 | 18,372 | |
Fannie Mae Pool #BF0264 3.50% 20581 | 13,380 | 14,534 | |
Fannie Mae Pool #BF0332 3.00% 20591 | 29,553 | 31,962 | |
Fannie Mae, Series 2001-4, Class GA, 9.023% 20251,2 | —3 | —3 | |
Fannie Mae, Series 2001-50, Class BA, 7.00% 20411 | 10 | 11 | |
Fannie Mae, Series 2002-W3, Class A5, 7.50% 20411 | 23 | 27 | |
Fannie Mae, Series 2002-W1, Class 2A, 5.409% 20421,2 | 28 | 32 | |
Freddie Mac Pool #ZA2657 3.00% 20261 | 408 | 432 | |
Freddie Mac Pool #ZK3537 3.00% 20261 | 77 | 82 | |
Freddie Mac Pool #ZK4277 3.00% 20271 | 529 | 559 | |
Freddie Mac Pool #ZK3836 3.00% 20271 | 174 | 184 | |
Freddie Mac Pool #ZK3970 3.00% 20271 | 162 | 171 | |
Freddie Mac Pool #ZS6521 3.00% 20271 | 110 | 117 | |
Freddie Mac Pool #ZK3893 3.00% 20271 | 54 | 58 | |
Freddie Mac Pool #ZK4162 3.00% 20271 | 40 | 43 | |
Freddie Mac Pool #ZS8452 3.00% 20271 | 13 | 14 | |
Freddie Mac Pool #ZS8463 3.00% 20271 | 5 | 6 | |
Freddie Mac Pool #ZK4039 3.00% 20271 | 6 | 6 | |
Freddie Mac Pool #ZS8507 3.00% 20281 | 205 | 217 |
American Funds Insurance Series — Bond Fund — Page 132 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #ZK7590 3.00% 20291 | $4,286 | $4,547 | |
Freddie Mac Pool #ZK7593 3.00% 20291 | 216 | 230 | |
Freddie Mac Pool #ZT1931 3.00% 20331 | 275 | 290 | |
Freddie Mac Pool #A15120 5.50% 20331 | 63 | 71 | |
Freddie Mac Pool #QN1073 3.00% 20341 | 107 | 113 | |
Freddie Mac Pool #G05196 5.50% 20381 | 79 | 93 | |
Freddie Mac Pool #G05267 5.50% 20381 | 57 | 67 | |
Freddie Mac Pool #G06020 5.50% 20391 | 112 | 131 | |
Freddie Mac Pool #A93948 4.50% 20401 | 226 | 253 | |
Freddie Mac Pool #G05860 5.50% 20401 | 400 | 470 | |
Freddie Mac Pool #G06868 4.50% 20411 | 264 | 296 | |
Freddie Mac Pool #G06841 5.50% 20411 | 645 | 758 | |
Freddie Mac Pool #841039 2.754% 20431,2 | 2,697 | 2,869 | |
Freddie Mac Pool #G60138 3.50% 20451 | 21,885 | 23,829 | |
Freddie Mac Pool #Z40130 3.00% 20461 | 28,415 | 30,301 | |
Freddie Mac Pool #G61733 3.00% 20471 | 7,105 | 7,513 | |
Freddie Mac Pool #ZS4747 3.50% 20471 | 7,748 | 8,221 | |
Freddie Mac Pool #Q52157 3.50% 20471 | 3,545 | 3,767 | |
Freddie Mac Pool #G08788 3.50% 20471 | 1,607 | 1,702 | |
Freddie Mac Pool #G08789 4.00% 20471 | 1,394 | 1,506 | |
Freddie Mac Pool #G67709 3.50% 20481 | 21,546 | 23,254 | |
Freddie Mac Pool #G61628 3.50% 20481 | 579 | 622 | |
Freddie Mac Pool #G08804 3.50% 20481 | 100 | 106 | |
Freddie Mac Pool #SI2002 4.00% 20481 | 2,777 | 2,988 | |
Freddie Mac Pool #Q58494 4.00% 20481 | 1,720 | 1,849 | |
Freddie Mac Pool #QA4673 3.00% 20491 | 40,797 | 43,183 | |
Freddie Mac Pool #SD7507 3.00% 20491 | 26,430 | 27,960 | |
Freddie Mac Pool #SD7509 3.00% 20491 | 8,015 | 8,476 | |
Freddie Mac Pool #QA5125 3.50% 20491 | 25,508 | 27,502 | |
Freddie Mac Pool #SD7508 3.50% 20491 | 18,142 | 19,565 | |
Freddie Mac Pool #RA1369 3.50% 20491 | 3,953 | 4,223 | |
Freddie Mac Pool #ZN4842 3.50% 20491 | 1,547 | 1,662 | |
Freddie Mac Pool #RA2020 3.00% 20501 | 3,022 | 3,177 | |
Freddie Mac, Series 3061, Class PN, 5.50% 20351 | 85 | 99 | |
Freddie Mac, Series 3318, Class JT, 5.50% 20371 | 218 | 249 | |
Freddie Mac, Series K716, Class A2, Multi Family, 3.13% 20211 | 3,820 | 3,828 | |
Freddie Mac, Series K020, Class A2, Multi Family, 2.373% 20221 | 4,300 | 4,382 | |
Freddie Mac, Series K718, Class A2, Multi Family, 2.791% 20221 | 9,143 | 9,274 | |
Freddie Mac, Series 3156, Class PO, principal only, 0% 20361 | 182 | 167 | |
Freddie Mac, Series 3146, Class PO, principal only, 0% 20361 | 175 | 158 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 20571 | 14,106 | 15,153 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 20581 | 2,977 | 3,208 | |
Government National Mortgage Assn. 2.00% 20511,4 | 178,810 | 180,262 | |
Government National Mortgage Assn. 2.00% 20511,4 | 71,190 | 71,649 | |
Government National Mortgage Assn. Pool #MA5817 4.00% 20491 | 32,245 | 34,543 | |
Government National Mortgage Assn. Pool #MA5876 4.00% 20491 | 4,649 | 4,980 | |
Government National Mortgage Assn. Pool #MA6221 4.50% 20491 | 14,905 | 16,142 | |
Government National Mortgage Assn. Pool #MA5764 4.50% 20491 | 1,583 | 1,716 | |
Government National Mortgage Assn. Pool #MA5878 5.00% 20491 | 37,846 | 41,442 | |
Government National Mortgage Assn. Pool #MA6042 5.00% 20491 | 100 | 110 | |
Government National Mortgage Assn. Pool #MA7193 2.50% 20511 | 18,512 | 19,114 | |
Uniform Mortgage-Backed Security 1.50% 20361,4 | 308,899 | 309,832 | |
Uniform Mortgage-Backed Security 2.00% 20361,4 | 535,196 | 548,624 | |
Uniform Mortgage-Backed Security 2.00% 20361,4 | 105,988 | 108,781 |
American Funds Insurance Series — Bond Fund — Page 133 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Uniform Mortgage-Backed Security 2.50% 20361,4 | $42,779 | $44,491 | |
Uniform Mortgage-Backed Security 2.50% 20361,4 | 23,776 | 24,740 | |
Uniform Mortgage-Backed Security 2.50% 20511,4 | 783,823 | 801,000 | |
Uniform Mortgage-Backed Security 2.50% 20511,4 | 13,558 | 13,885 | |
Uniform Mortgage-Backed Security 3.00% 20511,4 | 118,673 | 123,643 | |
Uniform Mortgage-Backed Security 3.00% 20511,4 | 97,098 | 101,103 | |
Uniform Mortgage-Backed Security 3.00% 20511,4 | 15,993 | 16,659 | |
Uniform Mortgage-Backed Security 3.50% 20511,4 | 35,268 | 37,259 | |
Uniform Mortgage-Backed Security 4.00% 20511,4 | 52,938 | 56,801 | |
Uniform Mortgage-Backed Security 4.50% 20511,4 | 68,056 | 74,096 | |
3,651,709 | |||
Collateralized mortgage-backed obligations (privately originated) 0.59% | |||
Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 20551,5 | 348 | 352 | |
Bellemeade Re Ltd., Series 2019-3A, Class M1B, (1-month USD-LIBOR + 1.60%) 1.709% 20291,2,5 | 3,175 | 3,192 | |
BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 20591,2,5 | 1,328 | 1,350 | |
BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 20591,2,5 | 1,069 | 1,106 | |
Cascade Funding Mortgage Trust, Series 2019-HB1, Class M1, 2.572% 20291,2,5 | 1,950 | 1,959 | |
Cascade Funding Mortgage Trust, Series 2019-HB1, Class M2, 2.863% 20291,2,5 | 475 | 477 | |
Cascade Funding Mortgage Trust, Series 2019-HB1, Class M3, 3.257% 20291,2,5 | 243 | 240 | |
Cascade Funding Mortgage Trust, Series 2020-HB4, Class A, 0.946% 20301,2,5 | 1,068 | 1,070 | |
Citigroup Mortgage Loan Trust Inc., Series 2020-EXP1, Class A1A, 1.804% 20601,2,5 | 1,157 | 1,167 | |
Credit Suisse Mortgage Trust, Series 2020-NET, Class A, 2.257% 20371,5 | 1,612 | 1,643 | |
Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.00% 20691,5 | 4,306 | 4,651 | |
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 20691,5 | 3,588 | 3,867 | |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5, 3.409% 20501 | 240 | 261 | |
JPMorgan Mortgage Trust, Series 2020-INV1, Class A3, 3.50% 20501,2,5 | 3,654 | 3,768 | |
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 20591,2,5 | 1,437 | 1,440 | |
Mortgage Repurchase Agreement Financing Trust, Series 2020-5, (1-month USD-LIBOR + 1.00%) 1.106% 20231,2,5 | 11,402 | 11,450 | |
Onslow Bay Financial LLC, Series 2020-INV1, Class A5, 3.50% 20491,2,5 | 1,731 | 1,768 | |
Starwood Mortgage Residential Trust, Series 2019-IMC1, Class A1, 3.468% 20491,2,5 | 1,456 | 1,457 | |
TIF Funding II LLC, Series 2020-1A, Class A, 2.09% 20451,5 | 5,092 | 5,069 | |
TIF Funding II LLC, Series 2021-1A, Class A, 1.65% 20461,5 | 4,171 | 4,030 | |
TIF Funding II LLC, Series 2021-1A, Class B, 2.54% 20461,5 | 151 | 148 | |
Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 20601,5 | 16,742 | 17,019 | |
67,484 | |||
Commercial mortgage-backed securities 0.32% | |||
Bank Commercial Mortgage Trust, Series 2019-BN17, Class A4, 3.714% 20521 | 100 | 110 | |
Bank Commercial Mortgage Trust, Series 2019-BN16, Class A4, 4.005% 20521 | 770 | 864 | |
Bank Commercial Mortgage Trust, Series 2019-BN19, Class A3, 3.183% 20611 | 1,018 | 1,086 | |
Bank Commercial Mortgage Trust, Series 2018-BN10, Class A4, 3.428% 20611 | 130 | 141 | |
Bank Commercial Mortgage Trust, Series 2018-BN10, Class A5, 3.688% 20611 | 205 | 226 | |
Bank Commercial Mortgage Trust, Series 2018-BN12, Class A4, 4.255% 20611,2 | 2,444 | 2,775 | |
Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 20631 | 295 | 297 | |
Benchmark Mortgage Trust, Series 2018-B8, Class A5, 4.232% 20521 | 2,541 | 2,895 | |
Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 20531,2 | 781 | 902 | |
Citigroup Commercial Mortgage Trust, Series 2016-C1, Class AS, 3.514% 20491 | 250 | 267 | |
Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 20491 | 610 | 668 | |
Commercial Mortgage Trust, Series 2012-CR3, Class B, 3.922% 20451,5 | 430 | 429 | |
Commercial Mortgage Trust, Series 2013-LC13, Class B, 5.009% 20461,2,5 | 312 | 334 | |
Commercial Mortgage Trust, Series 2014-LC15, Class AM, 4.198% 20471 | 350 | 379 |
American Funds Insurance Series — Bond Fund — Page 134 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Commercial mortgage-backed securities (continued) | Principal amount (000) | Value (000) | |
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class C, 4.563% 20481,2 | $204 | $219 | |
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.044% 20501,2 | 300 | 315 | |
Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class AM, 3.539% 20491 | 200 | 215 | |
Grace Mortgage Trust, Series 2020-GRCE, Class A, 2.347% 20401,5 | 2,601 | 2,571 | |
GS Mortgage Securities Trust, Series 2011-GC5, Class B, 5.406% 20441,2,5 | 530 | 530 | |
GS Mortgage Securities Trust, Series 2017-GS7, Class A4, 3.43% 20501 | 400 | 434 | |
GS Mortgage Securities Trust, Series 2019-GC38, Class A4, 3.968% 20521 | 100 | 112 | |
GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 20531 | 1,536 | 1,543 | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class A5, 4.079% 20471 | 3,280 | 3,549 | |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C5, Class A5, 3.694% 20501 | 640 | 706 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2018-BCON, Class A, 3.735% 20311,5 | 785 | 815 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A4, 3.648% 20491,2 | 2,040 | 2,239 | |
L.A. Arena Funding, LLC, Series 1, Class A, 7.656% 20261,5 | 153 | 153 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C17, Class A5, 3.741% 20471 | 2,038 | 2,206 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A4, 3.306% 20481 | 410 | 440 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class A4, 3.72% 20491 | 245 | 271 | |
Morgan Stanley Capital I Trust, Series 2015-UBS8, Class AS, 4.114% 20481 | 730 | 799 | |
Morgan Stanley Capital I Trust, Series 2016-UBS9, Class C, 4.608% 20491,2 | 208 | 218 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-SG1, Class A4, 3.789% 20481 | 2,437 | 2,637 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class C, 4.094% 20481,2 | 220 | 231 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-BNK1, Class B, 2.967% 20491 | 350 | 352 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class AS, 3.484% 20491 | 130 | 140 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-C37, Class A5, 3.794% 20491 | 2,550 | 2,824 | |
Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class A4, 3.146% 20521 | 1,019 | 1,081 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class AS, 3.988% 20591 | 250 | 274 | |
Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class A4, 3.631% 20601 | 205 | 225 | |
36,472 | |||
Total mortgage-backed obligations | 3,755,665 | ||
Corporate bonds, notes & loans 32.62% Financials 6.48% | |||
ACE INA Holdings Inc. 2.875% 2022 | 3,625 | 3,751 | |
ACE INA Holdings Inc. 3.35% 2026 | 2,025 | 2,208 | |
ACE INA Holdings Inc. 4.35% 2045 | 2,220 | 2,631 | |
AerCap Holdings NV 6.50% 2025 | 1,798 | 2,097 | |
Ally Financial Inc. 5.125% 2024 | 1,500 | 1,692 | |
Ally Financial Inc. 8.00% 2031 | 8,479 | 11,449 | |
Ally Financial Inc. 8.00% 2031 | 7,070 | 9,858 | |
American International Group, Inc. 4.20% 2028 | 9,875 | 11,103 | |
Assicurazioni Generali SpA 10.125% 2042 (3-month EUR-EURIBOR + 9.181% on 7/10/2022)6 | €3,800 | 5,040 | |
Banco Do Brasil, SA 4.75% 20245 | $10,000 | 10,615 | |
Bank of America Corp. 1.658% 2027 (USD-SOFR + 0.91% on 3/11/2026)6 | 6,000 | 6,022 | |
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027)6 | 10,129 | 10,884 | |
Bank of America Corp. 1.922% 2031 (USD-SOFR + 1.37% on 10/24/2030)6 | 21,177 | 19,946 | |
Bank of China Ltd. (Hong Kong Branch) 3.875% 2025 | 236 | 257 | |
Bank of China Ltd. (Hong Kong Branch) 4.00% 2028 | 200 | 217 | |
Berkshire Hathaway Finance Corp. 4.20% 2048 | 8,720 | 10,079 | |
BNP Paribas 3.80% 20245 | 18,775 | 20,255 | |
BNP Paribas 2.819% 2025 (3-month USD-LIBOR + 1.111% on 11/19/2024)5,6 | 2,875 | 3,027 | |
BNP Paribas 3.375% 20255 | 6,425 | 6,904 | |
BNP Paribas 2.219% 2026 (USD-SOFR + 2.074% on 6/9/2025)5,6 | 12,000 | 12,312 | |
BNP Paribas 1.323% 2027 (USD-SOFR + 1.004% on 1/13/2026)5,6 | 8,425 | 8,245 | |
CIT Group Inc. 3.929% 2024 (USD-SOFR + 3.827% on 6/19/2023)6 | 5,410 | 5,728 |
American Funds Insurance Series — Bond Fund — Page 135 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
CIT Group Inc. 4.75% 2024 | $2,066 | $2,250 | |
Citigroup Inc. 4.60% 2026 | 1,800 | 2,032 | |
Citigroup Inc. 3.668% 2028 (3-month USD-LIBOR + 1.39% on 7/24/2027)6 | 1,000 | 1,094 | |
Crédit Agricole SA 1.907% 2026 (USD-SOFR + 1.676% on 6/16/2025)5,6 | 4,450 | 4,514 | |
Crédit Agricole SA 1.247% 2027 (USD-SOFR + 0.892% on 1/26/2026)5,6 | 3,400 | 3,328 | |
Credit Suisse Group AG 2.997% 2023 (3-month USD-LIBOR + 1.20% on 12/14/2022)5,6 | 12,000 | 12,411 | |
Credit Suisse Group AG 3.80% 2023 | 12,925 | 13,722 | |
Credit Suisse Group AG 4.207% 2024 (3-month USD-LIBOR + 1.24% on 6/12/2023)5,6 | 500 | 534 | |
Credit Suisse Group AG 2.593% 2025 (USD-SOFR + 1.56% on 9/11/2024)5,6 | 850 | 882 | |
Credit Suisse Group AG 2.193% 2026 (USD-SOFR + 2.044% on 6/5/2025)5,6 | 5,750 | 5,849 | |
Credit Suisse Group AG 1.305% 2027 (USD-SOFR + 0.98% on 2/2/2026)5,6 | 10,950 | 10,565 | |
Credit Suisse Group AG 4.194% 2031 (USD-SOFR + 3.73% on 4/1/2030)5,6 | 3,096 | 3,372 | |
Deutsche Bank AG 3.375% 2021 | 1,300 | 1,304 | |
Deutsche Bank AG 4.25% 2021 | 525 | 535 | |
Deutsche Bank AG 3.30% 2022 | 2,695 | 2,800 | |
Deutsche Bank AG 5.00% 2022 | 2,675 | 2,770 | |
Deutsche Bank AG 3.95% 2023 | 6,350 | 6,710 | |
Deutsche Bank AG 2.222% 2024 (USD-SOFR + 2.159% on 9/18/2023)6 | 10,475 | 10,759 | |
Deutsche Bank AG 3.70% 2024 | 4,950 | 5,299 | |
Deutsche Bank AG 3.70% 2024 | 2,750 | 2,940 | |
Deutsche Bank AG 3.961% 2025 (USD-SOFR + 2.581% on 11/26/2024)6 | 8,586 | 9,305 | |
Deutsche Bank AG 2.129% 2026 (USD-SOFR + 1.87% on 11/24/2025)6 | 42,264 | 42,398 | |
Deutsche Bank AG 4.10% 2026 | 7,305 | 7,904 | |
Deutsche Bank AG 4.10% 2026 | 857 | 930 | |
Deutsche Bank AG 3.547% 2031 (USD-SOFR + 3.043% on 9/18/2030)6 | 2,900 | 2,998 | |
Deutsche Bank AG 3.729% 2032 (USD-SOFR + 2.757% on 1/14/2031)6 | 4,000 | 3,883 | |
GE Capital Funding, LLC 4.05% 20275 | 5,078 | 5,663 | |
GE Capital Funding, LLC 4.40% 20305 | 10,000 | 11,330 | |
Goldman Sachs Group, Inc. 5.75% 2022 | 4,800 | 5,010 | |
Goldman Sachs Group, Inc. 1.431% 2027 (USD-SOFR + 0.795% on 3/9/2026)6 | 12,000 | 11,898 | |
Goldman Sachs Group, Inc. 3.814% 2029 (3-month USD-LIBOR + 1.158% on 4/23/2028)6 | 9,600 | 10,525 | |
Goldman Sachs Group, Inc., junior subordinated, 5.30% (3-month USD-LIBOR + 3.834% on 11/10/2026)6 | 1,750 | 1,934 | |
Groupe BPCE SA 2.75% 20235 | 6,875 | 7,148 | |
Groupe BPCE SA 5.70% 20235 | 28,166 | 31,490 | |
Groupe BPCE SA 5.15% 20245 | 5,481 | 6,140 | |
Groupe BPCE SA 1.652% 2026 (USD-SOFR + 1.52% on 10/6/2025)5,6 | 6,350 | 6,342 | |
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028)6 | 12,000 | 13,498 | |
Intesa Sanpaolo SpA 3.375% 20235 | 10,035 | 10,463 | |
Intesa Sanpaolo SpA 3.25% 20245 | 770 | 821 | |
Intesa Sanpaolo SpA 5.017% 20245 | 68,143 | 74,467 | |
Intesa Sanpaolo SpA 5.71% 20265 | 15,400 | 17,271 | |
Intesa Sanpaolo SpA 3.875% 20275 | 6,250 | 6,764 | |
Intesa Sanpaolo SpA 3.875% 20285 | 1,986 | 2,117 | |
JPMorgan Chase & Co. 3.509% 2029 (3-month USD-LIBOR + 0.945% on 1/23/2028)6 | 9,600 | 10,390 | |
JPMorgan Chase & Co. 4.203% 2029 (3-month USD-LIBOR + 1.26% on 7/23/2028)6 | 11,980 | 13,566 | |
JPMorgan Chase & Co. 2.522% 2031 (USD-SOFR + 2.04% on 4/22/2030)6 | 1,766 | 1,764 | |
Lloyds Banking Group PLC 2.438% 2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.00% on 2/5/2025)6 | 2,675 | 2,772 | |
Lloyds Banking Group PLC 1.627% 2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 5/11/2026)6 | 6,000 | 5,964 | |
Lloyds Banking Group PLC 4.375% 2028 | 8,825 | 9,914 | |
MetLife Capital Trust IV, junior subordinated, 7.875% 2067 (3-month USD-LIBOR + 3.96% on 12/1/2037)5,6 | 1,405 | 1,956 | |
MetLife, Inc. 3.60% 2025 | 3,490 | 3,840 | |
Morgan Stanley 2.50% 2021 | 19,200 | 19,219 |
American Funds Insurance Series — Bond Fund — Page 136 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
Morgan Stanley 2.72% 2025 (USD-SOFR + 1.152% on 7/22/2024)6 | $2,300 | $2,427 | |
New York Life Insurance Company 3.75% 20505 | 1,702 | 1,806 | |
PNC Financial Services Group, Inc. 2.854% 20226 | 5,850 | 6,078 | |
PNC Funding Corp. 3.30% 2022 | 8,700 | 8,922 | |
Rede D’Or Finance SARL 4.50% 20305 | 3,000 | 2,949 | |
Santander Holdings USA, Inc. 3.50% 2024 | 8,325 | 8,905 | |
Synchrony Financial 2.85% 2022 | 5,400 | 5,547 | |
Synchrony Financial 4.375% 2024 | 3,640 | 3,970 | |
Travelers Companies, Inc. 2.55% 2050 | 768 | 688 | |
UniCredit SpA 3.75% 20225 | 2,545 | 2,620 | |
UniCredit SpA 6.572% 20225 | 11,295 | 11,776 | |
UniCredit SpA 4.625% 20275 | 1,395 | 1,571 | |
UniCredit SpA 5.861% 2032 (5-year USD-ICE Swap + 3.703% on 6/19/2027)5,6 | 16,130 | 17,881 | |
UniCredit SpA 7.296% 2034 (5-year USD-ICE Swap + 4.914% on 4/2/2029)5,6 | 10,221 | 12,054 | |
UniCredit SpA 5.459% 2035 (5-year USD-ICE Swap + 4.75% on 6/30/2030)5,6 | 606 | 643 | |
Wells Fargo & Company 2.10% 2021 | 16,800 | 16,897 | |
Wells Fargo & Company 2.406% 2025 (3-month USD-LIBOR + 0.825% on 10/30/2024)6 | 20,480 | 21,403 | |
743,811 | |||
Energy 4.88% | |||
Apache Corp. 4.625% 2025 | 645 | 665 | |
Apache Corp. 4.875% 2027 | 5,475 | 5,620 | |
Apache Corp. 4.25% 2030 | 2,465 | 2,406 | |
Apache Corp. 4.75% 2043 | 12,100 | 11,241 | |
Apache Corp. 4.25% 2044 | 2,100 | 1,895 | |
Apache Corp. 5.35% 2049 | 800 | 766 | |
Boardwalk Pipeline Partners, LP 3.375% 2023 | 1,900 | 1,966 | |
BP Capital Markets PLC 3.00% 2050 | 8,284 | 7,607 | |
Canadian Natural Resources Ltd. 2.05% 2025 | 754 | 763 | |
Canadian Natural Resources Ltd. 3.85% 2027 | 1,151 | 1,247 | |
Canadian Natural Resources Ltd. 2.95% 2030 | 2,212 | 2,209 | |
Cenovus Energy Inc. 3.80% 2023 | 1,120 | 1,184 | |
Cenovus Energy Inc. 5.375% 2025 | 5,000 | 5,623 | |
Cenovus Energy Inc. 4.25% 2027 | 13,897 | 15,041 | |
Cenovus Energy Inc. 5.25% 2037 | 770 | 834 | |
Cenovus Energy Inc. 5.40% 2047 | 15,180 | 16,937 | |
Cheniere Energy, Inc. 7.00% 2024 | 410 | 472 | |
Cheniere Energy, Inc. 5.125% 2027 | 16,000 | 18,316 | |
Cheniere Energy, Inc. 3.70% 2029 | 7,369 | 7,780 | |
Chevron Corp. 2.355% 2022 | 4,800 | 4,942 | |
Chevron USA Inc. 4.95% 2047 | 2,729 | 3,439 | |
Columbia Pipeline Partners LP 5.80% 2045 | 1,410 | 1,746 | |
ConocoPhillips 4.30% 20285 | 3,973 | 4,508 | |
DCP Midstream Operating LP 4.95% 2022 | 500 | 513 | |
Enbridge Energy Partners, LP 4.20% 2021 | 6,325 | 6,372 | |
Enbridge Energy Partners, LP 5.875% 2025 | 7,700 | 9,079 | |
Enbridge Energy Partners, LP 7.375% 2045 | 18,154 | 25,735 | |
Enbridge Inc. 4.00% 2023 | 1,500 | 1,610 | |
Energy Transfer Operating, LP 5.875% 2024 | 294 | 327 | |
Energy Transfer Operating, LP 2.90% 2025 | 4,402 | 4,585 | |
Energy Transfer Operating, LP 3.75% 2030 | 7,707 | 7,955 | |
Energy Transfer Operating, LP 5.00% 2050 | 18,718 | 19,404 | |
Energy Transfer Partners, LP 4.20% 2023 | 2,860 | 3,066 | |
Energy Transfer Partners, LP 4.50% 2024 | 4,915 | 5,365 |
American Funds Insurance Series — Bond Fund — Page 137 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Energy Transfer Partners, LP 4.75% 2026 | $1,506 | $1,673 | |
Energy Transfer Partners, LP 4.20% 2027 | 45 | 49 | |
Energy Transfer Partners, LP 4.95% 2028 | 4,559 | 5,105 | |
Energy Transfer Partners, LP 5.25% 2029 | 1,275 | 1,452 | |
Energy Transfer Partners, LP 6.125% 2045 | 11,780 | 13,587 | |
Energy Transfer Partners, LP 5.30% 2047 | 10,459 | 11,078 | |
Energy Transfer Partners, LP 6.00% 2048 | 1,868 | 2,152 | |
Energy Transfer Partners, LP 6.25% 2049 | 1,775 | 2,088 | |
Energy Transfer Partners, LP, junior subordinated, 6.25% (3-month USD-LIBOR + 4.028% on 2/15/2023)6 | 7,850 | 6,419 | |
Energy Transfer Partners, LP, junior subordinated, 6.625% (3-month USD-LIBOR + 4.155% on 2/15/2028)6 | 500 | 444 | |
Enterprise Products Operating LLC 3.20% 2052 | 3,031 | 2,773 | |
EOG Resources, Inc. 4.375% 2030 | 206 | 237 | |
EQT Corp. 3.00% 2022 | 6,700 | 6,823 | |
EQT Corp. 8.50% 20306 | 7,500 | 9,574 | |
Equinor ASA 3.625% 2028 | 4,928 | 5,414 | |
Equinor ASA 3.125% 2030 | 20,000 | 21,172 | |
Equinor ASA 3.25% 2049 | 5,687 | 5,579 | |
Exxon Mobil Corp. 3.043% 2026 | 4,625 | 4,994 | |
Exxon Mobil Corp. 3.452% 2051 | 475 | 481 | |
Kinder Morgan Energy Partners, LP 6.50% 2037 | 900 | 1,142 | |
Kinder Morgan Energy Partners, LP 5.50% 2044 | 700 | 821 | |
Kinder Morgan, Inc. 5.30% 2034 | 760 | 898 | |
MPLX LP 1.75% 2026 | 5,557 | 5,569 | |
MPLX LP 4.00% 2028 | 4,665 | 5,155 | |
MPLX LP 2.65% 2030 | 2,404 | 2,359 | |
MPLX LP 5.50% 2049 | 4,741 | 5,578 | |
Occidental Petroleum Corp. 2.90% 2024 | 4,336 | 4,294 | |
Odebrecht Drilling Norbe 7.35% 2026 (86.39% PIK)5,7 | 37 | 15 | |
Odebrecht Drilling Norbe 0% 20495 | 1,150 | 8 | |
ONEOK, Inc. 2.20% 2025 | 193 | 197 | |
ONEOK, Inc. 5.85% 2026 | 896 | 1,050 | |
ONEOK, Inc. 3.10% 2030 | 540 | 544 | |
ONEOK, Inc. 6.35% 2031 | 2,794 | 3,515 | |
ONEOK, Inc. 5.20% 2048 | 9,563 | 10,478 | |
ONEOK, Inc. 4.50% 2050 | 1,266 | 1,272 | |
ONEOK, Inc. 7.15% 2051 | 3,275 | 4,428 | |
Petrobras Global Finance Co. 5.093% 2030 | 5,000 | 5,203 | |
Petrobras Global Finance Co. 6.90% 2049 | 4,000 | 4,387 | |
Petróleos Mexicanos 6.875% 20255 | 3,663 | 3,973 | |
Petróleos Mexicanos 6.875% 2025 | 1,337 | 1,450 | |
Petróleos Mexicanos 6.875% 2026 | 43,810 | 46,974 | |
Petróleos Mexicanos 6.50% 2027 | 29,533 | 30,910 | |
Pioneer Natural Resources Company 1.90% 2030 | 3,175 | 2,949 | |
Plains All American Pipeline, LP 3.80% 2030 | 590 | 602 | |
Sabine Pass Liquefaction, LLC 6.25% 2022 | 2,300 | 2,389 | |
Sabine Pass Liquefaction, LLC 5.625% 20236 | 1,000 | 1,085 | |
Sabine Pass Liquefaction, LLC 5.75% 2024 | 8,000 | 9,032 | |
Sabine Pass Liquefaction, LLC 5.625% 2025 | 10,000 | 11,440 | |
Sabine Pass Liquefaction, LLC 5.875% 2026 | 15,700 | 18,404 | |
Sabine Pass Liquefaction, LLC 4.50% 2030 | 1,032 | 1,160 | |
Saudi Arabian Oil Co. 2.875% 20245 | 4,885 | 5,150 | |
Saudi Arabian Oil Co. 1.625% 20255 | 1,410 | 1,421 | |
Schlumberger BV 4.00% 20255 | 7,915 | 8,763 | |
Shell International Finance BV 3.875% 2028 | 9,410 | 10,514 |
American Funds Insurance Series — Bond Fund — Page 138 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Southwestern Energy Co. 6.45% 20256 | $920 | $989 | |
Sunoco Logistics Operating Partners, LP 5.40% 2047 | 6,190 | 6,694 | |
Targa Resources Partners LP 5.375% 2027 | 175 | 182 | |
TC PipeLines, LP 4.375% 2025 | 405 | 449 | |
Total Capital Canada Ltd. 2.75% 2023 | 2,140 | 2,255 | |
Total Capital International 3.127% 2050 | 1,693 | 1,598 | |
TransCanada PipeLines Ltd. 4.25% 2028 | 11,275 | 12,685 | |
TransCanada PipeLines Ltd. 4.10% 2030 | 4,776 | 5,330 | |
Western Midstream Operating, LP 4.35% 20256 | 2,782 | 2,884 | |
Western Midstream Operating, LP 5.30% 20306 | 2,202 | 2,394 | |
Western Midstream Operating, LP 6.50% 20506 | 3,079 | 3,335 | |
Williams Partners LP 4.50% 2023 | 500 | 545 | |
Williams Partners LP 4.30% 2024 | 595 | 648 | |
WPX Energy, Inc. 4.50% 2030 | 5,197 | 5,604 | |
561,033 | |||
Utilities 4.33% | |||
Abu Dhabi National Energy Company PJSC (TAQA) 4.375% 20255 | 10,500 | 11,730 | |
Abu Dhabi National Energy Company PJSC (TAQA) 4.375% 20265 | 300 | 340 | |
Ameren Corp. 3.50% 2031 | 325 | 345 | |
Ameren Corp. 4.50% 2049 | 2,875 | 3,469 | |
Berkshire Hathaway Energy Company 4.50% 2045 | 5,895 | 6,854 | |
Comisión Federal de Electricidad 3.348% 20315 | 6,000 | 5,783 | |
Comisión Federal de Electricidad 4.677% 20515 | 6,050 | 5,692 | |
Consolidated Edison Company of New York, Inc. 3.875% 2047 | 7,855 | 8,340 | |
Consumers Energy Co. 4.05% 2048 | 8,270 | 9,523 | |
Consumers Energy Co. 3.75% 2050 | 5,625 | 6,216 | |
Duke Energy Corp. 3.75% 2024 | 3,826 | 4,128 | |
Duke Energy Florida, LLC 3.40% 2046 | 6,445 | 6,579 | |
Duke Energy Progress, LLC 3.70% 2028 | 3,750 | 4,158 | |
Edison International 3.125% 2022 | 2,900 | 2,999 | |
Edison International 3.55% 2024 | 6,850 | 7,368 | |
Edison International 4.95% 2025 | 175 | 196 | |
Edison International 5.75% 2027 | 3,181 | 3,716 | |
Edison International 4.125% 2028 | 3,644 | 3,914 | |
Emera Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)6 | 1,950 | 2,220 | |
Enel Società per Azioni 8.75% 2073 (USD Semi Annual 30/360 (vs. 3-month USD-LIBOR) + 5.88% on 9/24/2023)5,6 | 1,000 | 1,165 | |
Entergy Louisiana, LLC 4.20% 2048 | 6,325 | 7,141 | |
Eversource Energy 2.75% 2022 | 527 | 538 | |
Eversource Energy 3.80% 2023 | 5,000 | 5,408 | |
Exelon Corp. 3.40% 2026 | 1,570 | 1,700 | |
Exelon Corp. 4.70% 2050 | 250 | 300 | |
FirstEnergy Corp. 3.35% 20226 | 8,750 | 8,885 | |
FirstEnergy Corp. 1.60% 2026 | 481 | 468 | |
FirstEnergy Corp. 4.40% 20276 | 12,178 | 13,105 | |
FirstEnergy Corp. 3.50% 20285 | 2,400 | 2,457 | |
FirstEnergy Corp., Series B, 4.75% 20236 | 2,750 | 2,899 | |
FirstEnergy Transmission LLC 2.866% 20285 | 4,000 | 4,039 | |
Georgia Power Co. 3.70% 2050 | 1,938 | 1,996 | |
IPALCO Enterprises, Inc. 3.70% 2024 | 200 | 216 | |
Mississippi Power Co. 4.25% 2042 | 11,247 | 12,441 | |
Niagara Mohawk Power Corp. 3.508% 20245 | 7,575 | 8,176 | |
Niagara Mohawk Power Corp. 4.278% 20345 | 1,000 | 1,143 |
American Funds Insurance Series — Bond Fund — Page 139 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
Pacific Gas and Electric Co. 1.75% 2022 | $13,000 | $13,020 | |
Pacific Gas and Electric Co. 1.367% 2023 | 11,550 | 11,555 | |
Pacific Gas and Electric Co. 3.25% 2023 | 5,615 | 5,851 | |
Pacific Gas and Electric Co. 3.40% 2024 | 2,000 | 2,120 | |
Pacific Gas and Electric Co. 3.75% 2024 | 2,750 | 2,926 | |
Pacific Gas and Electric Co. 2.95% 2026 | 10,850 | 11,192 | |
Pacific Gas and Electric Co. 3.15% 2026 | 24,793 | 25,847 | |
Pacific Gas and Electric Co. 3.30% 2027 | 12,289 | 12,852 | |
Pacific Gas and Electric Co. 3.30% 2027 | 5,850 | 6,106 | |
Pacific Gas and Electric Co. 3.75% 2028 | 13,075 | 13,873 | |
Pacific Gas and Electric Co. 4.65% 2028 | 7,900 | 8,709 | |
Pacific Gas and Electric Co. 4.55% 2030 | 34,125 | 37,039 | |
Pacific Gas and Electric Co. 2.50% 2031 | 19,695 | 18,598 | |
Pacific Gas and Electric Co. 3.25% 2031 | 1,300 | 1,297 | |
Pacific Gas and Electric Co. 3.30% 2040 | 8,898 | 8,082 | |
Pacific Gas and Electric Co. 3.75% 2042 | 8,587 | 7,897 | |
Pacific Gas and Electric Co. 4.75% 2044 | 336 | 345 | |
Pacific Gas and Electric Co. 3.95% 2047 | 2,180 | 2,014 | |
Pacific Gas and Electric Co. 3.50% 2050 | 6,836 | 5,953 | |
Progress Energy, Inc. 7.75% 2031 | 1,820 | 2,548 | |
Public Service Electric and Gas Co. 3.20% 2029 | 6,000 | 6,432 | |
Puget Energy, Inc. 6.00% 2021 | 3,135 | 3,205 | |
Puget Energy, Inc. 5.625% 2022 | 8,004 | 8,423 | |
Puget Energy, Inc. 3.65% 2025 | 300 | 325 | |
San Diego Gas & Electric Co. 3.32% 2050 | 1,350 | 1,333 | |
Southern California Edison Co. 2.85% 2029 | 7,500 | 7,628 | |
Southern California Edison Co. 4.20% 2029 | 11,700 | 13,023 | |
Southern California Edison Co. 5.35% 2035 | 6,450 | 7,838 | |
Southern California Edison Co. 5.75% 2035 | 4,549 | 5,864 | |
Southern California Edison Co. 5.625% 2036 | 7,051 | 8,797 | |
Southern California Edison Co. 5.55% 2037 | 2,775 | 3,343 | |
Southern California Edison Co. 5.95% 2038 | 5,654 | 7,225 | |
Southern California Edison Co. 4.50% 2040 | 8,621 | 9,664 | |
Southern California Edison Co. 5.50% 2040 | 606 | 742 | |
Southern California Edison Co. 4.00% 2047 | 9,402 | 9,701 | |
Southern California Edison Co. 4.125% 2048 | 9,008 | 9,470 | |
Southern California Edison Co. 4.875% 2049 | 2,775 | 3,229 | |
Southern California Edison Co. 3.65% 2050 | 5,600 | 5,549 | |
Southern California Edison Co., Series C, 3.60% 2045 | 2,717 | 2,684 | |
Southern Co. 4.40% 2046 | 787 | 878 | |
Southwestern Electric Power Company 1.65% 2026 | 3,550 | 3,564 | |
Tampa Electric Co. 2.60% 2022 | 4,350 | 4,455 | |
Wisconsin Power and Light Co. 3.65% 2050 | 1,075 | 1,126 | |
Xcel Energy Inc. 3.30% 2025 | 5,650 | 6,067 | |
Xcel Energy Inc. 2.60% 2029 | 2,925 | 2,956 | |
496,992 | |||
Consumer discretionary 4.02% | |||
American Honda Finance Corp. 2.00% 2028 | 4,875 | 4,869 | |
Carnival Corp. 11.50% 20235 | 9,140 | 10,490 | |
DaimlerChrysler North America Holding Corp. 1.75% 20235 | 8,000 | 8,180 | |
DaimlerChrysler North America Holding Corp. 3.35% 20235 | 2,000 | 2,098 | |
Ford Motor Credit Company LLC 3.815% 2027 | 3,630 | 3,678 | |
Ford Motor Credit Company LLC 4.125% 2027 | 33,995 | 35,142 |
American Funds Insurance Series — Bond Fund — Page 140 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Ford Motor Credit Company LLC 4.271% 2027 | $18,542 | $19,272 | |
Ford Motor Credit Company LLC 2.90% 2028 | 11,440 | 11,005 | |
Ford Motor Credit Company LLC 5.113% 2029 | 8,075 | 8,678 | |
Ford Motor Credit Company LLC 4.00% 2030 | 4,265 | 4,236 | |
General Motors Company 5.40% 2023 | 421 | 457 | |
General Motors Company 4.35% 2025 | 11,358 | 12,467 | |
General Motors Company 6.125% 2025 | 28,743 | 33,832 | |
General Motors Company 6.80% 2027 | 1,030 | 1,279 | |
General Motors Company 5.40% 2048 | 7,200 | 8,548 | |
General Motors Financial Co. 3.15% 2022 | 25 | 26 | |
General Motors Financial Co. 3.45% 2022 | 200 | 204 | |
General Motors Financial Co. 3.55% 2022 | 3,703 | 3,837 | |
General Motors Financial Co. 3.25% 2023 | 964 | 1,004 | |
General Motors Financial Co. 3.70% 2023 | 2,076 | 2,188 | |
General Motors Financial Co. 5.20% 2023 | 4,371 | 4,742 | |
General Motors Financial Co. 3.50% 2024 | 9,945 | 10,678 | |
General Motors Financial Co. 3.95% 2024 | 6,269 | 6,750 | |
General Motors Financial Co. 5.10% 2024 | 1,081 | 1,196 | |
General Motors Financial Co. 2.75% 2025 | 3,819 | 3,989 | |
General Motors Financial Co. 2.90% 2025 | 1,032 | 1,083 | |
General Motors Financial Co. 4.00% 2025 | 587 | 638 | |
General Motors Financial Co. 1.25% 2026 | 5,450 | 5,351 | |
General Motors Financial Co. 5.25% 2026 | 995 | 1,141 | |
General Motors Financial Co. 2.70% 2027 | 6,079 | 6,202 | |
General Motors Financial Co., 3.60% 2030 | 465 | 491 | |
General Motors Financial Co. 2.35% 2031 | 11,300 | 10,805 | |
Home Depot, Inc. 2.95% 2029 | 6,081 | 6,454 | |
Home Depot, Inc. 4.50% 2048 | 1,915 | 2,349 | |
Hyundai Capital America 3.75% 20215 | 8,500 | 8,571 | |
Hyundai Capital America 2.85% 20225 | 4,118 | 4,249 | |
Hyundai Capital America 3.00% 20225 | 4,500 | 4,621 | |
Hyundai Capital America 3.25% 20225 | 1,521 | 1,576 | |
Hyundai Capital America 3.95% 20225 | 8,000 | 8,214 | |
Hyundai Capital America 1.25% 20235 | 3,150 | 3,174 | |
Hyundai Capital America 2.375% 20235 | 9,977 | 10,248 | |
Hyundai Capital America 3.40% 20245 | 8,180 | 8,733 | |
Hyundai Capital America 1.80% 20255 | 12,714 | 12,715 | |
Hyundai Capital America 2.65% 20255 | 13,054 | 13,509 | |
Hyundai Capital America 1.30% 20265 | 6,000 | 5,871 | |
Hyundai Capital America 2.375% 20275 | 6,264 | 6,292 | |
Hyundai Capital America 3.00% 20275 | 10,408 | 10,845 | |
Hyundai Capital America 1.80% 20285 | 6,000 | 5,743 | |
Hyundai Capital Services, Inc. 1.25% 20265 | 3,695 | 3,608 | |
Marriott International, Inc. 5.75% 2025 | 3,125 | 3,588 | |
Marriott International, Inc. 3.125% 2026 | 410 | 430 | |
McDonald’s Corp. 2.125% 2030 | 2,482 | 2,425 | |
McDonald’s Corp. 4.45% 2047 | 3,535 | 4,115 | |
McDonald’s Corp. 3.625% 2049 | 2,938 | 3,075 | |
MGM Resorts International 7.75% 2022 | 2,000 | 2,111 | |
NIKE, Inc. 3.25% 2040 | 6,171 | 6,493 | |
NIKE, Inc. 3.875% 2045 | 1,560 | 1,782 | |
Nissan Motor Co., Ltd. 2.60% 20225 | 1,415 | 1,450 | |
Nissan Motor Co., Ltd. 3.043% 20235 | 240 | 251 | |
Nissan Motor Co., Ltd. 3.522% 20255 | 800 | 848 |
American Funds Insurance Series — Bond Fund — Page 141 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Nissan Motor Co., Ltd. 2.00% 20265 | $12,000 | $11,965 | |
Nissan Motor Co., Ltd. 4.345% 20275 | 1,790 | 1,948 | |
Nissan Motor Co., Ltd. 2.75% 20285 | 11,200 | 11,126 | |
Nissan Motor Co., Ltd. 4.81% 20305 | 17,533 | 19,252 | |
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 | 300 | 310 | |
Starbucks Corp. 3.75% 2047 | 3,785 | 3,885 | |
Starbucks Corp. 4.50% 2048 | 7,680 | 8,956 | |
Toyota Motor Credit Corp. 3.375% 2030 | 6,664 | 7,242 | |
Volkswagen Group of America Finance, LLC 4.00% 20215 | 4,510 | 4,609 | |
Volkswagen Group of America Finance, LLC 4.25% 20235 | 15,000 | 16,316 | |
Volkswagen Group of America Finance, LLC 2.85% 20245 | 2,996 | 3,183 | |
Volkswagen Group of America Finance, LLC 1.25% 20255 | 1,150 | 1,137 | |
Volkswagen Group of America Finance, LLC 3.35% 20255 | 2,636 | 2,832 | |
Volkswagen Group of America Finance, LLC 1.625% 20275 | 1,645 | 1,603 | |
462,260 | |||
Health care 3.87% | |||
Abbott Laboratories 3.40% 2023 | 910 | 976 | |
Abbott Laboratories 3.75% 2026 | 2,244 | 2,521 | |
Abbott Laboratories 4.75% 2036 | 4,565 | 5,658 | |
AbbVie Inc. 3.20% 2022 | 9,600 | 9,964 | |
AbbVie Inc. 3.20% 2029 | 23,754 | 25,287 | |
AmerisourceBergen Corp. 0.737% 2023 | 5,359 | 5,364 | |
Amgen Inc. 2.45% 2030 | 10,000 | 10,085 | |
Anthem, Inc. 2.375% 2025 | 1,534 | 1,604 | |
AstraZeneca PLC 4.00% 2029 | 5,920 | 6,649 | |
Bayer US Finance II LLC 3.875% 20235 | 8,783 | 9,474 | |
Bayer US Finance II LLC 4.25% 20255 | 17,570 | 19,569 | |
Becton, Dickinson and Company 3.734% 2024 | 903 | 987 | |
Becton, Dickinson and Company 4.669% 2047 | 3,395 | 4,059 | |
Boston Scientific Corp. 3.375% 2022 | 350 | 361 | |
Boston Scientific Corp. 3.85% 2025 | 255 | 282 | |
Centene Corp. 4.25% 2027 | 14,860 | 15,649 | |
Centene Corp. 4.625% 2029 | 14,945 | 16,194 | |
Centene Corp. 3.375% 2030 | 15,718 | 15,890 | |
Centene Corp. 2.50% 2031 | 10,045 | 9,606 | |
Cigna Corp. 4.375% 2028 | 7,090 | 8,119 | |
EMD Finance LLC 2.95% 20225 | 2,100 | 2,143 | |
GlaxoSmithKline PLC 3.375% 2023 | 16,800 | 17,855 | |
Laboratory Corp. of America Holdings 4.70% 2045 | 4,160 | 4,733 | |
Novartis Capital Corp. 1.75% 2025 | 2,361 | 2,433 | |
Novartis Capital Corp. 2.20% 2030 | 5,446 | 5,489 | |
Shire PLC 3.20% 2026 | 15,100 | 16,280 | |
Teva Pharmaceutical Finance Co. BV 2.20% 2021 | 4,911 | 4,914 | |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 16,420 | 16,367 | |
Teva Pharmaceutical Finance Co. BV 7.125% 2025 | 45,000 | 49,801 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 68,853 | 65,927 | |
Teva Pharmaceutical Finance Co. BV 6.75% 2028 | 26,824 | 30,186 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 46,666 | 41,092 | |
UnitedHealth Group Inc. 3.35% 2022 | 4,385 | 4,554 | |
UnitedHealth Group Inc. 3.75% 2025 | 5,410 | 5,995 | |
Zimmer Holdings, Inc. 3.15% 2022 | 7,845 | 8,015 | |
444,082 |
American Funds Insurance Series — Bond Fund — Page 142 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials 3.02% | Principal amount (000) | Value (000) | |
AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, 1.75% 2026 | $2,841 | $2,761 | |
Air Lease Corp. 2.875% 2026 | 11,453 | 11,892 | |
Airbus Group SE 2.70% 20235 | 2,120 | 2,208 | |
Avolon Holdings Funding Ltd. 3.625% 20225 | 2,810 | 2,866 | |
Avolon Holdings Funding Ltd. 3.95% 20245 | 12,514 | 13,092 | |
Avolon Holdings Funding Ltd. 2.125% 20265 | 8,333 | 7,974 | |
Avolon Holdings Funding Ltd. 4.25% 20265 | 3,302 | 3,462 | |
Avolon Holdings Funding Ltd. 3.25% 20275 | 8,000 | 7,949 | |
BNSF Funding Trust I, junior subordinated, 6.613% 2055 (3-month USD-LIBOR + 2.35% on 1/15/2026)6 | 1,680 | 1,929 | |
Boeing Company 4.508% 2023 | 11,358 | 12,161 | |
Boeing Company 1.95% 2024 | 8,406 | 8,617 | |
Boeing Company 2.80% 2024 | 500 | 521 | |
Boeing Company 4.875% 2025 | 31,752 | 35,380 | |
Boeing Company 2.196% 2026 | 14,296 | 14,261 | |
Boeing Company 2.75% 2026 | 15,312 | 15,772 | |
Boeing Company 3.10% 2026 | 649 | 688 | |
Boeing Company 2.70% 2027 | 6,473 | 6,579 | |
Boeing Company 5.04% 2027 | 15,716 | 17,931 | |
Boeing Company 3.25% 2028 | 11,379 | 11,781 | |
Boeing Company 3.25% 2028 | 1,925 | 1,972 | |
Boeing Company 5.15% 2030 | 29,737 | 34,287 | |
Boeing Company 3.625% 2031 | 1,342 | 1,406 | |
Boeing Company 3.90% 2049 | 1,411 | 1,371 | |
Boeing Company 5.805% 2050 | 2,782 | 3,511 | |
Bohai Financial Investment Holding Co., Ltd. 5.25% 20225 | 2,485 | 2,610 | |
Carrier Global Corp. 3.377% 2040 | 15,000 | 15,002 | |
Continental Airlines, Inc., Series 2001-1, Class A1, 6.703% 2022 | 38 | 38 | |
Continental Airlines, Inc., Series 2000-2, Class A1, 7.707% 2022 | 164 | 164 | |
General Electric Capital Corp. 3.373% 2025 | 4,615 | 5,007 | |
General Electric Capital Corp. 4.418% 2035 | 20,075 | 23,006 | |
General Electric Capital Corp. 6.15% 2037 | 1,425 | 1,876 | |
General Electric Co. 3.45% 2027 | 1,523 | 1,655 | |
General Electric Co. 3.625% 2030 | 675 | 728 | |
General Electric Co. 4.25% 2040 | 5,500 | 6,045 | |
General Electric Co. 4.35% 2050 | 6,575 | 7,316 | |
Mexico City Airport Trust 5.50% 2046 | 1,959 | 1,949 | |
Mexico City Airport Trust 5.50% 2047 | 5,909 | 5,879 | |
Mexico City Airport Trust 5.50% 20475 | 1,132 | 1,126 | |
Northrop Grumman Corp. 3.25% 2028 | 10,845 | 11,645 | |
Union Pacific Corp. 2.15% 2027 | 2,213 | 2,279 | |
Union Pacific Corp. 2.40% 2030 | 4,454 | 4,472 | |
Union Pacific Corp. 3.25% 2050 | 7,000 | 6,906 | |
United Rentals, Inc. 5.50% 2027 | 5,000 | 5,342 | |
United Technologies Corp. 3.125% 2027 | 9,525 | 10,249 | |
Vinci SA 3.75% 20295 | 12,456 | 13,657 | |
347,322 | |||
Communication services 2.34% | |||
AT&T Inc. 0.90% 2024 | 13,000 | 13,030 | |
AT&T Inc. 1.70% 2026 | 19,000 | 19,002 | |
AT&T Inc. 2.55% 20335 | 4,953 | 4,707 | |
AT&T Inc. 3.50% 20535 | 10,240 | 9,481 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 20275 | 4,800 | 5,082 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.80% 2031 | 5,642 | 5,573 |
American Funds Insurance Series — Bond Fund — Page 143 of 240
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2048 | $5,000 | $6,092 | |
CenturyLink, Inc. 4.00% 20275 | 16,374 | 16,747 | |
Comcast Corp. 3.15% 2028 | 7,200 | 7,773 | |
Comcast Corp. 2.65% 2030 | 7,500 | 7,683 | |
Comcast Corp. 4.00% 2048 | 5,000 | 5,597 | |
Embarq Corp. 7.995% 2036 | 6,000 | 6,921 | |
SoftBank Group Corp. 3.36% 20235 | 1,450 | 1,463 | |
Tencent Holdings Ltd. 3.595% 2028 | 14,000 | 15,024 | |
Tencent Holdings Ltd. 3.975% 2029 | 12,298 | 13,377 | |
Tencent Holdings Ltd. 2.39% 2030 | 11,702 | 11,315 | |
Tencent Holdings Ltd. 2.39% 20305 | 10,000 | 9,670 | |
T-Mobile US, Inc. 3.50% 20255 | 3,275 | 3,537 | |
T-Mobile US, Inc. 2.625% 2026 | 2,875 | 2,934 | |
T-Mobile US, Inc. 3.75% 20275 | 5,000 | 5,471 | |
T-Mobile US, Inc. 3.875% 20305 | 4,500 | 4,890 | |
T-Mobile US, Inc. 2.875% 2031 | 4,075 | 3,944 | |
T-Mobile US, Inc. 3.50% 2031 | 9,000 | 9,079 | |
T-Mobile US, Inc. 3.00% 20415 | 2,100 | 1,953 | |
T-Mobile US, Inc. 4.50% 20505 | 11,575 | 13,012 | |
Verizon Communications Inc. 1.45% 2026 | 4,675 | 4,678 | |
Verizon Communications Inc. 2.10% 2028 | 8,975 | 9,018 | |
Verizon Communications Inc. 4.329% 2028 | 1,539 | 1,763 | |
Verizon Communications Inc. 2.55% 2031 | 6,750 | 6,750 | |
Verizon Communications Inc. 4.40% 2034 | 5,080 | 5,816 | |
Verizon Communications Inc. 3.40% 2041 | 2,050 | 2,084 | |
Verizon Communications Inc. 2.875% 2050 | 3,000 | 2,671 | |
Verizon Communications Inc. 3.55% 2051 | 2,125 | 2,126 | |
Vodafone Group PLC 4.375% 2028 | 10,000 | 11,495 | |
Vodafone Group PLC 4.25% 2050 | 3,050 | 3,366 | |
Walt Disney Company 2.65% 2031 | 15,000 | 15,331 | |
268,455 | |||
Consumer staples 1.93% | |||
7-Eleven, Inc. 0.95% 20265 | 2,650 | 2,583 | |
7-Eleven, Inc. 1.80% 20315 | 9,000 | 8,416 | |
7-Eleven, Inc. 2.80% 20515 | 3,106 | 2,787 | |
Altria Group, Inc. 4.40% 2026 | 4,585 | 5,175 | |
Altria Group, Inc. 4.50% 2043 | 1,585 | 1,659 | |
Altria Group, Inc. 5.95% 2049 | 9,039 | 11,280 | |
Anheuser-Busch InBev NV 4.75% 2029 | 7,500 | 8,770 | |
Anheuser-Busch InBev NV 5.55% 2049 | 5,000 | 6,467 | |
British American Tobacco International Finance PLC 3.95% 20255 | 16,879 | 18,485 | |
British American Tobacco International Finance PLC 1.668% 2026 | 4,070 | 4,031 | |
British American Tobacco PLC 3.557% 2027 | 10,991 | 11,707 | |
British American Tobacco PLC 2.259% 2028 | 4,348 | 4,285 | |
British American Tobacco PLC 4.39% 2037 | 1,500 | 1,575 | |
British American Tobacco PLC 4.54% 2047 | 12,786 | 12,894 | |
British American Tobacco PLC 4.758% 2049 | 23,659 | 24,380 | |
Conagra Brands, Inc. 5.30% 2038 | 436 | 539 | |
Conagra Brands, Inc. 5.40% 2048 | 57 | 73 | |
Constellation Brands, Inc. 3.50% 2027 | 7,500 | 8,192 | |
General Mills, Inc. (3-month USD-LIBOR + 0.54%) 0.763% 20212 | 10,620 | 10,622 | |
General Mills, Inc. 3.20% 2021 | 2,170 | 2,172 | |
Imperial Tobacco Finance PLC 3.50% 20235 | 2,335 | 2,430 |
American Funds Insurance Series — Bond Fund — Page 144 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples (continued) | Principal amount (000) | Value (000) | |
JBS Investments GmbH II 7.00% 20265 | $3,868 | $4,126 | |
JBS Investments GmbH II 7.00% 2026 | 1,665 | 1,776 | |
Keurig Dr Pepper Inc. 4.057% 2023 | 3,112 | 3,340 | |
Keurig Dr Pepper Inc. 4.597% 2028 | 10,752 | 12,438 | |
Molson Coors Brewing Co. 2.10% 2021 | 2,415 | 2,423 | |
Molson Coors Brewing Co. 4.20% 2046 | 4,165 | 4,348 | |
Philip Morris International Inc. 4.25% 2044 | 9,550 | 10,646 | |
Reynolds American Inc. 4.45% 2025 | 14,570 | 16,176 | |
Reynolds American Inc. 5.85% 2045 | 1,970 | 2,327 | |
Wal-Mart Stores, Inc. 2.85% 2024 | 6,765 | 7,263 | |
Wal-Mart Stores, Inc. 3.05% 2026 | 7,720 | 8,394 | |
221,779 | |||
Information technology 1.21% | |||
Apple Inc. 1.55% 2021 | 11,630 | 11,666 | |
Broadcom Inc. 3.15% 2025 | 1,164 | 1,241 | |
Broadcom Inc. 2.45% 20315 | 7,000 | 6,612 | |
Broadcom Inc. 4.30% 2032 | 6,000 | 6,541 | |
Broadcom Inc. 3.419% 20335 | 3,836 | 3,856 | |
Broadcom Inc. 3.469% 20345 | 49,208 | 49,505 | |
Broadcom Ltd. 3.875% 2027 | 7,027 | 7,635 | |
Microsoft Corp. 2.525% 2050 | 10,000 | 9,124 | |
Oracle Corp. 1.65% 2026 | 8,417 | 8,488 | |
Oracle Corp. 2.30% 2028 | 9,618 | 9,744 | |
Oracle Corp. 2.875% 2031 | 7,393 | 7,532 | |
Oracle Corp. 3.95% 2051 | 4,869 | 5,028 | |
PayPal Holdings, Inc. 1.65% 2025 | 6,989 | 7,125 | |
Simon Property Group, LP 1.75% 2028 | 5,669 | 5,506 | |
139,603 | |||
Real estate 0.31% | |||
Alexandria Real Estate Equities, Inc. 3.95% 2028 | 1,425 | 1,586 | |
Alexandria Real Estate Equities, Inc. 4.50% 2029 | 150 | 173 | |
American Campus Communities, Inc. 3.75% 2023 | 2,900 | 3,066 | |
American Campus Communities, Inc. 3.875% 2031 | 620 | 668 | |
Corporate Office Properties LP 2.75% 2031 | 1,547 | 1,499 | |
Equinix, Inc. 2.90% 2026 | 3,287 | 3,470 | |
Equinix, Inc. 3.20% 2029 | 3,846 | 4,003 | |
Essex Portfolio LP 3.25% 2023 | 335 | 351 | |
Essex Portfolio LP 3.875% 2024 | 1,000 | 1,081 | |
Hospitality Properties Trust 5.00% 2022 | 1,270 | 1,292 | |
Hospitality Properties Trust 4.50% 2025 | 855 | 847 | |
Hospitality Properties Trust 3.95% 2028 | 1,710 | 1,581 | |
Iron Mountain Inc. 4.875% 20275 | 1,605 | 1,645 | |
Iron Mountain Inc. 5.25% 20285 | 3,500 | 3,642 | |
Iron Mountain Inc. 5.25% 20305 | 3,000 | 3,099 | |
Kimco Realty Corp. 3.40% 2022 | 1,045 | 1,089 | |
Omega Healthcare Investors, Inc. 4.375% 2023 | 186 | 200 | |
Piedmont Operating Partnership LP 4.45% 2024 | 1,000 | 1,080 | |
Scentre Group 3.50% 20255 | 4,565 | 4,850 | |
35,222 |
American Funds Insurance Series — Bond Fund — Page 145 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials 0.23% | Principal amount (000) | Value (000) | |
Air Products and Chemicals, Inc. 2.70% 2040 | $5,736 | $5,495 | |
Braskem SA 4.50% 20305 | 2,500 | 2,516 | |
LYB International Finance III, LLC 2.25% 2030 | 3,802 | 3,673 | |
LYB International Finance III, LLC 3.375% 2040 | 2,996 | 2,973 | |
LYB International Finance III, LLC 3.625% 2051 | 8,881 | 8,772 | |
LYB International Finance III, LLC 3.80% 2060 | 2,833 | 2,779 | |
26,208 | |||
Total corporate bonds, notes & loans | 3,746,767 | ||
U.S. Treasury bonds & notes 25.44% U.S. Treasury 23.89% | |||
U.S. Treasury 2.625% 2023 | 70,000 | 74,470 | |
U.S. Treasury 2.75% 2023 | 173,600 | 182,850 | |
U.S. Treasury 0.25% 2024 | 250,000 | 249,336 | |
U.S. Treasury 2.125% 2024 | 72,100 | 76,186 | |
U.S. Treasury 2.125% 20248 | 72,100 | 76,109 | |
U.S. Treasury 0.375% 2025 | 200,000 | 195,354 | |
U.S. Treasury 2.875% 20258 | 96,200 | 104,949 | |
U.S. Treasury 2.875% 2025 | 72,100 | 78,528 | |
U.S. Treasury 0.375% 2026 | 100,000 | 97,529 | |
U.S. Treasury 0.50% 20268 | 328,767 | 322,368 | |
U.S. Treasury 0.75% 2026 | 30,000 | 29,741 | |
U.S. Treasury 1.375% 20268 | 75,000 | 76,310 | |
U.S. Treasury 1.625% 2026 | 50,000 | 51,499 | |
U.S. Treasury 0.50% 2027 | 165,625 | 158,638 | |
U.S. Treasury 0.50% 2027 | 160,000 | 152,117 | |
U.S. Treasury 2.25% 20278 | 120,200 | 127,252 | |
U.S. Treasury 2.25% 20278 | 72,100 | 76,585 | |
U.S. Treasury 6.125% 2027 | 24,000 | 31,404 | |
U.S. Treasury 2.875% 2028 | 72,100 | 79,309 | |
U.S. Treasury 1.125% 20408 | 88,288 | 72,177 | |
U.S. Treasury 1.375% 2040 | 40,000 | 34,080 | |
U.S. Treasury 3.00% 20498 | 150,000 | 168,843 | |
U.S. Treasury 1.25% 2050 | 44,000 | 33,283 | |
U.S. Treasury 1.375% 2050 | 73,237 | 57,248 | |
U.S. Treasury 1.625% 2050 | 122,220 | 102,006 | |
U.S. Treasury 1.875% 2051 | 40,503 | 35,975 | |
2,744,146 | |||
U.S. Treasury inflation-protected securities 1.55% | |||
U.S. Treasury Inflation-Protected Security 0.375% 20278,9 | 80,190 | 89,082 | |
U.S. Treasury Inflation-Protected Security 0.50% 20288,9 | 79,525 | 88,650 | |
177,732 | |||
Total U.S. Treasury bonds & notes | 2,921,878 | ||
Bonds & notes of governments & government agencies outside the U.S. 2.92% | |||
Dominican Republic 5.95% 20275 | 8,100 | 9,133 | |
Italy (Republic of) 0.95% 2023 | €45,000 | 54,129 | |
Italy (Republic of) 1.50% 2025 | 33,327 | 41,688 | |
Japan, Series 20, 0.10% 20259 | ¥11,407,500 | 104,056 | |
Paraguay (Republic of) 5.00% 2026 | $1,250 | 1,417 | |
Paraguay (Republic of) 4.95% 2031 | 3,487 | 3,958 | |
Paraguay (Republic of) 2.739% 20335 | 1,105 | 1,066 |
American Funds Insurance Series — Bond Fund — Page 146 of 240
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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) 2.783% 2031 | $3,790 | $3,803 | |
Portuguese Republic 5.125% 2024 | 24,775 | 28,364 | |
Portuguese Republic 5.65% 2024 | €20,000 | 27,612 | |
PT Indonesia Asahan Aluminium Tbk 5.23% 20215 | $1,862 | 1,915 | |
PT Indonesia Asahan Aluminium Tbk 5.71% 20235 | 1,020 | 1,126 | |
PT Indonesia Asahan Aluminium Tbk 4.75% 20255 | 1,270 | 1,383 | |
PT Indonesia Asahan Aluminium Tbk 5.45% 20305 | 340 | 387 | |
PT Indonesia Asahan Aluminium Tbk 5.80% 20505 | 1,150 | 1,320 | |
Qatar (State of) 4.50% 20285 | 5,100 | 5,958 | |
Qatar (State of) 5.103% 20485 | 3,400 | 4,309 | |
Saudi Arabia (Kingdom of) 3.628% 20275 | 5,000 | 5,485 | |
Saudi Arabia (Kingdom of) 3.625% 20285 | 11,435 | 12,449 | |
United Mexican States, Series M, 5.75% 2026 | MXN527,500 | 25,614 | |
335,172 | |||
Asset-backed obligations 2.86% | |||
Aesop Funding LLC, Series 2020-1A, Class A, 2.33% 20261,5 | $7,689 | 7,999 | |
Aesop Funding LLC, Series 2020-2, Class A, 2.02% 20271,5 | 2,427 | 2,482 | |
Aesop Funding LLC, Series 2020-2A, Class B, 2.96% 20271,5 | 623 | 651 | |
Aesop Funding LLC, Series 2020-2A, Class C, 4.25% 20271,5 | 1,279 | 1,382 | |
American Credit Acceptance Receivables Trust, Series 2020-3, Class C, 1.85% 20261,5 | 2,602 | 2,656 | |
American Credit Acceptance Receivables Trust, Series 2020-3, Class D, 2.40% 20261,5 | 2,500 | 2,584 | |
American Credit Acceptance Receivables Trust, Series 2021-1, Class C, 0.83% 20271,5 | 1,465 | 1,461 | |
American Credit Acceptance Receivables Trust, Series 2021-1, Class D, 1.14% 20271,5 | 806 | 802 | |
AmeriCredit Automobile Receivables Trust, Series 2017-1, Class C, 2.71% 20221 | 2,091 | 2,098 | |
CarMaxAuto Owner Trust, Series 2019-2, Class C, 3.16% 20251 | 400 | 419 | |
CarMaxAuto Owner Trust, Series 2021-1, Class C, 0.94% 20261 | 210 | 208 | |
CarMaxAuto Owner Trust, Series 2021-1, Class D, 1.28% 20271 | 206 | 204 | |
CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20601,5 | 10,894 | 10,990 | |
CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20601,5 | 2,081 | 2,067 | |
CF Hippolyta LLC, Series 2020-1, Class B1, 2.28% 20601,5 | 3,567 | 3,632 | |
CF Hippolyta LLC, Series 2020-1, Class B2, 2.60% 20601,5 | 387 | 386 | |
CF Hippolyta LLC, Series 2021-1, Class A1, 1.53% 20611,5 | 6,360 | 6,346 | |
CF Hippolyta LLC, Series 2021-1, Class B1, 1.98% 20611,5 | 2,014 | 2,015 | |
CLI Funding V LLC, Series 2020-2A, Class A, 2.03% 20451,5 | 2,925 | 2,919 | |
CLI Funding V LLC, Series 2020-3A, Class A, 2.07% 20451,5 | 6,083 | 6,100 | |
CLI Funding VIII LLC, Series 2021-1A, Class A, 1.64% 20461,5 | 4,773 | 4,674 | |
CLI Funding VIII LLC, Series 2021-1A, Class B, 2.38% 20461,5 | 536 | 530 | |
CPS Auto Receivables Trust, Series 2019-B, Class C, 3.35% 20241,5 | 835 | 847 | |
CPS Auto Receivables Trust, Series 2019-C, Class C, 2.84% 20251,5 | 743 | 756 | |
CPS Auto Receivables Trust, Series 2019-C, Class D, 3.17% 20251,5 | 1,125 | 1,163 | |
CPS Auto Receivables Trust, Series 2019-B, Class D, 3.69% 20251,5 | 3,045 | 3,129 | |
CPS Auto Receivables Trust, Series 2021-A, Class C, 0.83% 20261,5 | 694 | 693 | |
CPS Auto Receivables Trust, Series 2021-A, Class D, 1.16% 20261,5 | 590 | 586 | |
Credit Acceptance Auto Loan Trust, Series 2020-1A, Class A, 2.01% 20291,5 | 7,411 | 7,540 | |
Drive Auto Receivables Trust, Series 2019-2, Class B, 3.17% 20231 | 1,070 | 1,074 | |
Drive Auto Receivables Trust, Series 2019-3, Class C, 2.90% 20251 | 4,910 | 5,031 | |
Drive Auto Receivables Trust, Series 2019-2, Class C, 3.42% 20251 | 4,665 | 4,768 | |
Drive Auto Receivables Trust, Series 2019-3, Class D, 3.18% 20261 | 4,020 | 4,201 | |
Drivetime Auto Owner Trust, Series 2019-3, Class C, 2.74% 20251,5 | 880 | 895 | |
Drivetime Auto Owner Trust, Series 2019-3, Class D, 2.96% 20251,5 | 1,915 | 1,983 | |
Drivetime Auto Owner Trust, Series 2019-2A, Class C, 3.18% 20251,5 | 2,565 | 2,608 | |
Drivetime Auto Owner Trust, Series 2019-2A, Class D, 3.48% 20251,5 | 4,250 | 4,407 | |
Drivetime Auto Owner Trust, Series 2021-1A, Class C, 0.84% 20261,5 | 825 | 823 | |
Drivetime Auto Owner Trust, Series 2021-1A, Class D, 1.16% 20261,5 | 449 | 448 |
American Funds Insurance Series — Bond Fund — Page 147 of 240
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Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
Drivetime Auto Owner Trust, Series 2020-3A, Class C, 1.47% 20261,5 | $817 | $828 | |
EDvestinU Private Education Loan LLC, Series 2021-A, Class A, 1.80% 20451,5 | 624 | 619 | |
Exeter Automobile Receivables Trust, Series 2019-2A, Class B, 3.06% 20231,5 | 689 | 690 | |
Exeter Automobile Receivables Trust, Series 2019-3A, Class C, 2.79% 20241,5 | 5,000 | 5,094 | |
Exeter Automobile Receivables Trust, Series 2019-2A, Class C, 3.30% 20241,5 | 2,500 | 2,542 | |
Exeter Automobile Receivables Trust, Series 2019-1A, Class C, 3.82% 20241,5 | 3,433 | 3,475 | |
Exeter Automobile Receivables Trust, Series 2020-3A, Class C, 1.32% 20251 | 780 | 789 | |
Exeter Automobile Receivables Trust, Series 2020-1A, Class D, 2.73% 20251,5 | 900 | 928 | |
Exeter Automobile Receivables Trust, Series 2019-3A, Class D, 3.11% 20251,5 | 5,000 | 5,184 | |
Exeter Automobile Receivables Trust, Series 2019-2A, Class D, 3.71% 20251,5 | 6,000 | 6,248 | |
Exeter Automobile Receivables Trust, Series 2020-3A, Class D, 1.73% 20261 | 1,012 | 1,028 | |
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 20371,5 | 18,121 | 17,969 | |
Ford Credit Auto Owner Trust, Series 2016-2, Class A, 2.03% 20271,5 | 26,755 | 26,850 | |
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 20301,5 | 17,675 | 18,870 | |
Ford Credit Auto Owner Trust, Series 2020-1, Class A, 2.04% 20311,5 | 6,672 | 6,916 | |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 20311,5 | 30,070 | 32,443 | |
Ford Credit Floorplan Master Owner Trust, Series 2019-3, Class A1, 2.23% 20241 | 2,625 | 2,696 | |
GCI Funding I LLC, Series 2020-1, Class A, 2.82% 20451,5 | 2,700 | 2,746 | |
Global SC Finance SRL, Series 2021-1A, Class A, 1.86% 20411,5 | 12,000 | 11,955 | |
Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 20401,5 | 3,635 | 3,637 | |
GM Financial Automobile Leasing Trust, Series 2020-2, Class C, 2.56% 20241 | 301 | 312 | |
GM Financial Automobile Leasing Trust, Series 2020-2, Class D, 3.21% 20241 | 425 | 445 | |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2016-4A, Class A, 2.65% 20221,5 | 543 | 545 | |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2016-4A, Class B, 3.29% 20221,5 | 2,000 | 2,010 | |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2019-3A, Class A, 2.67% 20251,5 | 1,291 | 1,295 | |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2019-3A, Class B, 3.03% 20251,5 | 876 | 878 | |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2019-2A, Class A, 3.42% 20251,5 | 710 | 712 | |
Prestige Auto Receivables Trust, Series 2019-1A, Class C, 2.70% 20241,5 | 2,190 | 2,235 | |
Prestige Auto Receivables Trust, Series 2019-1A, Class D, 3.01% 20251,5 | 1,355 | 1,393 | |
Santander Drive Auto Receivables Trust, Series 2019-2, Class D, 3.22% 20251 | 3,110 | 3,232 | |
Santander Drive Auto Receivables Trust, Series 2020-3, Class C, 1.12% 20261 | 3,344 | 3,372 | |
Santander Drive Auto Receivables Trust, Series 2020-3, Class D, 1.64% 20261 | 2,211 | 2,246 | |
Social Professional Loan Program LLC, Series 2015-C, Class A2, 2.51% 20331,5 | 616 | 618 | |
TAL Advantage V LLC, Series 2020-1A, Class A, 2.05% 20451,5 | 3,686 | 3,687 | |
Textainer Marine Containers Ltd., Series 2020-2A, Class A, 2.10% 20451,5 | 2,704 | 2,717 | |
Textainer Marine Containers Ltd., Series 2020-1A, Class A, 2.73% 20451,5 | 5,447 | 5,551 | |
Textainer Marine Containers Ltd., Series 2021-1A, Class A, 1.68% 20461,5 | 7,206 | 7,013 | |
Textainer Marine Containers Ltd., Series 2021-2A, Class A, 2.23% 20461,5 | 6,000 | 5,997 | |
Textainer Marine Containers Ltd., Series 2021-1A, Class B, 2.52% 20461,5 | 430 | 421 | |
Toyota Auto Loan Extended Note Trust, Series 2019-1, Class A, 2.56% 20311,5 | 6,000 | 6,346 | |
Triton Container Finance LLC, Series 2020-1A, Class A, 2.11% 20451,5 | 12,334 | 12,278 | |
Triton Container Finance LLC, Series 2021-1A, Class A, 1.86% 20461,5 | 4,936 | 4,830 | |
Triton Container Finance LLC, Series 2021-1A, Class B, 2.58% 20461,5 | 407 | 405 | |
Voya Ltd., CLO, Series 2014-3A, Class A1R, (3-month USD-LIBOR + 0.72%) 0.938% 20261,2,5 | 613 | 613 | |
Westlake Automobile Receivables Trust, Series 2020-3A, Class C, 1.24% 20251,5 | 1,557 | 1,572 | |
Westlake Automobile Receivables Trust, Series 2020-3A, Class D, 1.65% 20261,5 | 3,023 | 3,068 | |
328,855 | |||
Municipals 2.08% Illinois 1.99% | |||
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2009-E, 6.138% 2039 | 30,835 | 35,252 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-C, 6.319% 2029 | 65 | 76 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-D, 6.519% 2040 | 8,945 | 10,567 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2011-A, 5.50% 2039 | 410 | 419 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2015-C, 5.25% 2039 | 1,190 | 1,310 |
American Funds Insurance Series — Bond Fund — Page 148 of 240
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Bonds, notes & other debt instruments (continued) Municipals (continued) Illinois (continued) | Principal amount (000) | Value (000) | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2021-A, 5.00% 2032 | $600 | $740 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2021-A, 5.00% 2041 | 290 | 350 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Qualified School Construction Bonds), Series 2009-G, 1.75% 2025 | 2,500 | 2,360 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% 2026 | 1,100 | 1,296 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% 2030 | 2,205 | 2,615 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% 2034 | 490 | 573 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-D, 5.00% 2031 | 980 | 1,157 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-G, 5.00% 2044 | 1,350 | 1,545 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-H, 5.00% 2036 | 980 | 1,140 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-H, 5.00% 2046 | 2,770 | 3,163 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2026 | 730 | 860 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2028 | 855 | 1,074 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2029 | 430 | 534 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2029 | 245 | 297 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2030 | 245 | 302 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2030 | 245 | 296 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2031 | 490 | 602 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2032 | 490 | 600 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2033 | 245 | 299 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2034 | 280 | 333 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-C, Assured Guaranty Municipal insured, 5.00% 2028 | 1,090 | 1,373 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-C, Assured Guaranty Municipal insured, 5.00% 2029 | 730 | 915 | |
City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax G.O. Bonds (Dedicated Tax Rev.), Capital Appreciation Bonds, Series 1998-B-1, National insured, 0% 2031 | 490 | 375 | |
City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax G.O. Bonds (Dedicated Tax Rev.), Series 2011-A, 5.00% 2041 | 665 | 678 | |
City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax G.O. Bonds (Dedicated Tax Rev.), Series 2012-A, 5.00% 2042 | 1,875 | 1,945 | |
G.O. Bonds, Pension Funding, Series 2003, 4.95% 2023 | 22,553 | 23,402 | |
G.O. Bonds, Pension Funding, Series 2003, 5.10% 2033 | 107,310 | 120,901 | |
G.O. Bonds, Series 2013-B, 4.11% 2022 | 750 | 767 | |
G.O. Bonds, Series 2013-B, 4.31% 2023 | 2,125 | 2,221 | |
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.85% 2022 | 2,370 | 2,456 |
American Funds Insurance Series — Bond Fund — Page 149 of 240
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Bonds, notes & other debt instruments (continued) Municipals (continued) Illinois (continued) | Principal amount (000) | Value (000) | |
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.95% 2023 | $3,210 | $3,450 | |
G.O. Bonds, Taxable Build America Bonds, Series 2010-5, 6.20% 2021 | 1,946 | 1,967 | |
228,210 | |||
California 0.06% | |||
G.O. Bonds, Series 2009, 7.50% 2034 | 2,100 | 3,263 | |
High-Speed Passenger Train G.O. Rev. Ref. Bonds, Series 2017-A, 2.367% 2022 | 3,775 | 3,856 | |
7,119 | |||
Texas 0.03% | |||
Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 2052 | 4,075 | 4,100 | |
Total municipals | 239,429 | ||
Federal agency bonds & notes 0.11% | |||
Fannie Mae 2.125% 20268 | 11,910 | 12,598 | |
Total bonds, notes & other debt instruments (cost: $11,068,766,000) | 11,340,364 | ||
Short-term securities 22.86% Money market investments 22.86% | Shares | ||
Capital Group Central Cash Fund 0.08%10,11 | 26,259,935 | 2,626,256 | |
Total short-term securities (cost: $2,626,219,000) | 2,626,256 | ||
Total investment securities 121.59% (cost: $13,694,985,000) | 13,966,620 | ||
Other assets less liabilities (21.59)% | (2,480,333) | ||
Net assets 100.00% | $11,486,287 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount12 (000) | Value at 3/31/202113 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
2 Year U.S. Treasury Note Futures | Long | 21,012 | July 2021 | $4,202,400 | $4,637,907 | $(2,146) |
5 Year Euro-Bobl Futures | Short | 1,232 | June 2021 | €(123,200) | (195,159) | (189) |
5 Year U.S. Treasury Note Futures | Long | 15,318 | July 2021 | $1,531,800 | 1,890,217 | (5,106) |
10 Year Euro-Bund Futures | Short | 475 | June 2021 | €(47,500) | (95,409) | 64 |
10 Year Ultra U.S. Treasury Note Futures | Short | 4,656 | June 2021 | $(465,600) | (669,009) | 19,280 |
10 Year U.S. Treasury Note Futures | Short | 5,439 | June 2021 | (543,900) | (712,169) | 10,127 |
30 Year Euro-Buxl Futures | Long | 246 | June 2021 | €24,600 | 59,439 | (551) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 1,073 | June 2021 | $107,300 | 194,448 | (5,567) |
$15,912 |
American Funds Insurance Series — Bond Fund — Page 150 of 240
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Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 3/31/2021 (000) | |
Purchases (000) | Sales (000) | |||
USD54,839 | EUR46,000 | UBS AG | 4/9/2021 | $885 |
USD13,338 | JPY1,445,000 | Standard Chartered Bank | 4/9/2021 | 286 |
USD130,013 | EUR109,250 | Goldman Sachs | 4/12/2021 | 1,864 |
USD35,832 | MXN755,000 | HSBC Bank | 4/12/2021 | (1,058) |
USD98,437 | JPY10,730,000 | Citibank | 4/19/2021 | 1,510 |
$3,487 |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
3-month USD-LIBOR | 2.18075% | 3/29/2024 | $31,600 | $(1,586) | $— | $(1,586) |
3-month USD-LIBOR | 2.194% | 3/29/2024 | 31,900 | (1,614) | — | (1,614) |
3-month USD-LIBOR | 2.21875% | 3/29/2024 | 33,500 | (1,720) | — | (1,720) |
3-month USD-LIBOR | 2.3105% | 5/3/2024 | 275,590 | (15,149) | — | (15,149) |
6-month EURIBOR | 0.9852% | 10/17/2024 | €25,000 | (1,485) | — | (1,485) |
U.S. EFFR | 0.099% | 7/10/2025 | $149,000 | 3,646 | — | 3,646 |
6-month JPY-LIBOR | 0.0875% | 3/10/2026 | ¥11,100,000 | (372) | — | (372) |
6-month JPY-LIBOR | 0.58295% | 3/23/2046 | 2,000,000 | (306) | — | (306) |
0.64355% | 6-month JPY-LIBOR | 4/27/2046 | 2,000,000 | 566 | — | 566 |
$— | $(18,020) |
Investments in affiliates11
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliate at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 22.86% | |||||||
Money market investments 22.86% | |||||||
Capital Group Central Cash Fund 0.08%10 | $2,690,045 | $1,257,713 | $1,321,502 | $(18) | $18 | $2,626,256 | $714 |
American Funds Insurance Series — Bond Fund — Page 151 of 240
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1 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
2 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
3 | Amount less than one thousand. |
4 | Purchased on a TBA basis. |
5 | Acquired in a transaction exempt from registration under Rule 144A 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 $1,295,718,000, which represented 11.28% of the net assets of the fund. |
6 | Step bond; coupon rate may change at a later date. |
7 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Most recent payment was 100% cash unless otherwise noted. |
8 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $53,047,000, which represented .46% of the net assets of the fund. |
9 | Index-linked bond whose principal amount moves with a government price index. |
10 | Rate represents the seven-day yield at 3/31/2021. |
11 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
12 | Notional amount is calculated based on the number of contracts and notional contract size. |
13 | Value is calculated based on the notional amount and current market price. |
Key to abbreviations and symbols | |
CLO = Collateralized Loan Obligations | LIBOR = London Interbank Offered Rate |
EFFR = Effective Federal Funds Rate | MXN = Mexican pesos |
EUR/€ = Euros | Ref. = Refunding |
EURIBOR = Euro Interbank Offered Rate | Rev. = Revenue |
G.O. = General Obligation | SOFR = Secured Overnight Financing Rate |
ICE = Intercontinental Exchange, Inc. | TBA = To-be-announced |
JPY/¥ = Japanese yen | USD/$ = U.S. dollars |
American Funds Insurance Series — Bond Fund — Page 152 of 240
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Bonds, notes & other debt instruments 90.06% Euros 16.51% | Principal amount (000) | Value (000) | |
Allianz SE 4.75% 2049 (3-month EUR-EURIBOR + 3.60% on 10/24/2023)1 | €4,200 | $5,495 | |
Altria Group, Inc. 1.00% 2023 | 1,020 | 1,215 | |
Altria Group, Inc. 1.70% 2025 | 1,600 | 1,973 | |
Altria Group, Inc. 2.20% 2027 | 2,900 | 3,675 | |
American Honda Finance Corp. 1.60% 2022 | 620 | 741 | |
American Honda Finance Corp. 1.95% 2024 | 560 | 704 | |
AT&T Inc. 1.60% 2028 | 2,350 | 2,947 | |
Bank of America Corp. 3.648% 2029 (3-month EUR-EURIBOR + 3.67% on 3/31/2028)1,2 | 5,000 | 7,127 | |
Barclays Bank PLC 6.625% 2022 | 1,070 | 1,337 | |
CaixaBank, SA 2.25% 2030 (EUR Annual (vs. 6-month EUR-EURIBOR) 5-year + 1.68% on 4/17/2025)1 | 2,400 | 2,936 | |
Comcast Corp. 0.25% 2027 | 1,250 | 1,480 | |
Cote d’Ivoire (Republic of) 5.25% 2030 | 900 | 1,093 | |
Cote d’Ivoire (Republic of) 5.875% 2031 | 840 | 1,043 | |
Deutsche Telekom International Finance BV 7.50% 2033 | 200 | 411 | |
Dow Chemical Co. 0.50% 2027 | 1,110 | 1,306 | |
Dow Chemical Co. 1.125% 2032 | 1,010 | 1,207 | |
Egypt (Arab Republic of) 5.625% 2030 | 745 | 871 | |
European Financial Stability Facility 0.40% 2025 | 6,000 | 7,290 | |
European Union 0% 2035 | 220 | 251 | |
European Union 0.20% 2036 | 390 | 455 | |
French Republic O.A.T. 0% 2030 | 27,070 | 31,908 | |
Germany (Federal Republic of) 0.50% 2027 | 2,510 | 3,148 | |
Germany (Federal Republic of) 0% 2030 | 19,190 | 23,276 | |
Germany (Federal Republic of) 0% 2030 | 5,950 | 7,203 | |
Germany (Federal Republic of) 0% 2050 | 6,240 | 6,798 | |
Goldman Sachs Group, Inc. 3.375% 20252 | 5,000 | 6,609 | |
Greece (Hellenic Republic of) 3.375% 2025 | 21,435 | 28,338 | |
Greece (Hellenic Republic of) 2.00% 2027 | 700 | 902 | |
Greece (Hellenic Republic of) 3.875% 2029 | 6,884 | 10,103 | |
Greece (Hellenic Republic of) 1.50% 2030 | 5,160 | 6,467 | |
Greece (Hellenic Republic of) 1.875% 2052 | 1,690 | 1,973 | |
Groupe BPCE SA 4.625% 2023 | 1,200 | 1,555 | |
Groupe BPCE SA 1.00% 2025 | 2,900 | 3,517 | |
Honeywell International Inc. 0.75% 2032 | 370 | 445 | |
Intesa Sanpaolo SpA 6.625% 2023 | 510 | 680 | |
Ireland (Republic of) 0.20% 2030 | 900 | 1,079 | |
Israel (State of) 2.875% 2024 | 1,180 | 1,505 | |
Israel (State of) 1.50% 2027 | 775 | 984 | |
Israel (State of) 1.50% 2029 | 725 | 931 | |
Italy (Republic of) 1.85% 2025 | 21,390 | 27,133 | |
Italy (Republic of) 0.95% 2027 | 7,270 | 8,913 | |
Italy (Republic of) 0.25% 2028 | 12,810 | 14,969 | |
Italy (Republic of) 2.80% 2028 | 5,828 | 8,080 | |
Italy (Republic of) 1.35% 2030 | 1,657 | 2,080 | |
Italy (Republic of) 1.65% 2030 | 7,400 | 9,512 |
American Funds Insurance Series — Capital World Bond Fund — Page 153 of 240
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Bonds, notes & other debt instruments (continued) Euros (continued) | Principal amount (000) | Value (000) | |
JPMorgan Chase & Co. 0.389% 2028 (3-month EURIBOR + 0.65% on 2/24/2027)1,2 | € 3,208 | $3,773 | |
Lloyds Banking Group PLC 1.75% 2028 (5-year EUR-EURIBOR + 1.30% on 9/7/2023)1 | 2,400 | 2,909 | |
Morocco (Kingdom of) 3.50% 2024 | 1,400 | 1,794 | |
Morocco (Kingdom of) 1.375% 2026 | 1,130 | 1,335 | |
Morocco (Kingdom of) 2.00% 2030 | 1,285 | 1,499 | |
Morocco (Kingdom of) 1.50% 2031 | 4,100 | 4,535 | |
Morocco (Kingdom of) 1.50% 2031 | 1,700 | 1,880 | |
Netherlands (Kingdom of the) 0% 2027 | 7,130 | 8,608 | |
Philippines (Republic of) 0.70% 2029 | 940 | 1,107 | |
Portuguese Republic 0.475% 2030 | 1,610 | 1,934 | |
Rabobank Nederland 2.50% 2026 (5-year EUR Mid-Swap + 1.40% on 5/26/2021)1 | 2,400 | 2,825 | |
Republic of Latvia 0% 2031 | 1,280 | 1,499 | |
Romania 3.624% 2030 | 4,600 | 6,195 | |
Romania 3.624% 2030 | 1,930 | 2,599 | |
Romania 2.00% 2032 | 1,605 | 1,892 | |
Romania 3.875% 2035 | 2,810 | 3,823 | |
Romania 3.375% 2038 | 4,170 | 5,303 | |
Russian Federation 2.875% 2025 | 3,000 | 3,844 | |
Russian Federation 2.875% 2025 | 1,500 | 1,922 | |
Serbia (Republic of) 3.125% 2027 | 11,497 | 14,960 | |
Serbia (Republic of) 1.50% 2029 | 4,943 | 5,820 | |
Spain (Kingdom of) 0.80% 2027 | 2,280 | 2,827 | |
Spain (Kingdom of) 1.45% 2029 | 1,890 | 2,458 | |
Spain (Kingdom of) 1.25% 2030 | 13,840 | 17,734 | |
Spain (Kingdom of) 2.70% 2048 | 850 | 1,349 | |
State Grid Europe Development (2014) PLC 1.50% 2022 | 194 | 230 | |
State Grid Overseas Investment Ltd. 1.25% 2022 | 765 | 910 | |
State Grid Overseas Investment Ltd. 1.375% 2025 | 441 | 542 | |
State Grid Overseas Investment Ltd. 2.125% 2030 | 200 | 259 | |
Stryker Corp. 0.25% 2024 | 480 | 568 | |
Stryker Corp. 0.75% 2029 | 980 | 1,172 | |
Stryker Corp. 1.00% 2031 | 450 | 543 | |
Takeda Pharmaceutical Company, Ltd. 2.25% 2026 | 2,275 | 2,965 | |
Tunisia (Republic of) 6.75% 2023 | 3,750 | 4,032 | |
Ukraine 6.75% 2026 | 3,119 | 3,935 | |
Ukraine 6.75% 2026 | 1,225 | 1,545 | |
Ukraine 4.375% 2030 | 2,705 | 2,917 | |
Verizon Communications Inc. 0.375% 2029 | 3,470 | 4,063 | |
379,770 | |||
Japanese yen 9.53% | |||
Export-Import Bank of India 0.59% 2022 | ¥400,000 | 3,601 | |
Goldman Sachs Group, Inc. 1.00% 20212 | 28,000 | 253 | |
Goldman Sachs Group, Inc. 2.80% 20222 | 100,000 | 923 | |
Groupe BPCE SA 0.64% 2022 | 400,000 | 3,623 | |
Indonesia (Republic of) 0.67% 2021 | 200,000 | 1,807 | |
Indonesia (Republic of) 0.54% 2022 | 100,000 | 905 | |
Intesa Sanpaolo SpA 1.36% 2022 | 600,000 | 5,448 | |
Japan, Series 19, 0.10% 20243 | 1,840,929 | 16,801 | |
Japan, Series 18, 0.10% 20243 | 1,022,216 | 9,302 | |
Japan, Series 20, 0.10% 20253 | 679,380 | 6,197 | |
Japan, Series 21, 0.10% 20263 | 987,285 | 9,016 | |
Japan, Series 346, 0.10% 2027 | 2,525,700 | 23,035 | |
Japan, Series 23, 0.10% 20283 | 1,989,288 | 18,119 | |
Japan, Series 356, 0.10% 2029 | 3,529,000 | 32,074 |
American Funds Insurance Series — Capital World Bond Fund — Page 154 of 240
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Bonds, notes & other debt instruments (continued) Japanese yen (continued) | Principal amount (000) | Value (000) | |
Japan, Series 24, 0.10% 20293 | ¥ 1,605,345 | $14,603 | |
Japan, Series 116, 2.20% 2030 | 576,100 | 6,203 | |
Japan, Series 145, 1.70% 2033 | 2,210,000 | 23,601 | |
Japan, Series 152, 1.20% 2035 | 1,442,500 | 14,699 | |
Japan, Series 21, 2.30% 2035 | 720,000 | 8,372 | |
Japan, Series 173, 0.40% 2040 | 492,000 | 4,392 | |
KT Corp. 0.38% 2021 | 200,000 | 1,807 | |
Philippines (Republic of) 0.001% 2024 | 900,000 | 8,126 | |
United Mexican States 0.70% 2021 | 600,000 | 5,423 | |
United Mexican States 0.62% 2022 | 100,000 | 905 | |
219,235 | |||
Chinese yuan renminbi 8.01% | |||
Agricultural Development Bank of China 3.75% 2029 | CNY9,850 | 1,516 | |
Agricultural Development Bank of China 2.96% 2030 | 90,980 | 13,167 | |
China (People’s Republic of), Series 1916, 3.12% 2026 | 85,830 | 13,122 | |
China (People’s Republic of), Series INBK, 2.85% 2027 | 56,390 | 8,435 | |
China (People’s Republic of), Series IMBK, 3.28% 2027 | 1,650 | 253 | |
China (People’s Republic of), Series 1906, 3.29% 2029 | 73,800 | 11,296 | |
China (People’s Republic of), Series INBK, 3.27% 2030 | 58,490 | 8,984 | |
China (People’s Republic of), Series 1910, 3.86% 2049 | 259,860 | 40,714 | |
China (People’s Republic of), Series INBK, 3.39% 2050 | 17,330 | 2,486 | |
China Development Bank Corp., Series 1814, 4.15% 2025 | 20,900 | 3,290 | |
China Development Bank Corp., Series 1909, 3.50% 2026 | 10,400 | 1,591 | |
China Development Bank Corp., Series 1904, 3.68% 2026 | 11,700 | 1,807 | |
China Development Bank Corp., Series 2009, 3.39% 2027 | 11,130 | 1,685 | |
China Development Bank Corp., Series 2004, 3.43% 2027 | 192,390 | 29,204 | |
China Development Bank Corp., Series 1805, 4.04% 2028 | 66,950 | 10,505 | |
China Development Bank Corp., Series 1805, 4.88% 2028 | 33,380 | 5,504 | |
China Development Bank Corp., Series 1905, 3.48% 2029 | 128,200 | 19,366 | |
China Development Bank Corp., Series 2005, 3.07% 2030 | 78,250 | 11,430 | |
184,355 | |||
British pounds 3.67% | |||
American Honda Finance Corp. 0.75% 2026 | £1,420 | 1,919 | |
France Télécom 5.375% 2050 | 300 | 655 | |
Lloyds Banking Group PLC 7.625% 2025 | 655 | 1,126 | |
United Kingdom 2.75% 2024 | 1,210 | 1,815 | |
United Kingdom 1.25% 2027 | 570 | 821 | |
United Kingdom 4.25% 2027 | 2,800 | 4,799 | |
United Kingdom 1.625% 2028 | 2,215 | 3,273 | |
United Kingdom 0.375% 2030 | 4,970 | 6,540 | |
United Kingdom 4.75% 2030 | 14,360 | 26,998 | |
United Kingdom 4.25% 2032 | 3,414 | 6,342 | |
United Kingdom 4.50% 2034 | 2,210 | 4,341 | |
United Kingdom 0.625% 2035 | 8,262 | 10,517 | |
United Kingdom 0.875% 2046 | 6,030 | 7,397 | |
United Kingdom 0.625% 2050 | 7,010 | 7,889 | |
84,432 |
American Funds Insurance Series — Capital World Bond Fund — Page 155 of 240
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Bonds, notes & other debt instruments (continued) Danish kroner 2.29% | Principal amount (000) | Value (000) | |
Nordea Kredit 0.50% 20404 | DKr19,618 | $3,003 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20404 | 147,512 | 22,557 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20434 | 178,750 | 27,151 | |
52,711 | |||
Brazilian reais 2.00% | |||
Brazil (Federative Republic of) 0% 2021 | BRL210,000 | 36,546 | |
Brazil (Federative Republic of) 6.00% 20243 | 48,372 | 9,385 | |
45,931 | |||
Canadian dollars 1.98% | |||
Canada 1.00% 2022 | C$1,050 | 845 | |
Canada 2.25% 2025 | 15,900 | 13,427 | |
Canada 2.25% 2029 | 26,105 | 22,180 | |
Canada 2.75% 2048 | 3,500 | 3,253 | |
Quebec (Province of) 1.50% 2031 | 7,738 | 5,747 | |
45,452 | |||
Mexican pesos 1.87% | |||
Petróleos Mexicanos 7.19% 2024 | MXN83,847 | 3,853 | |
Petróleos Mexicanos 7.47% 2026 | 95,267 | 4,097 | |
United Mexican States, Series M, 7.50% 2027 | 407,420 | 21,250 | |
United Mexican States, Series M20, 8.50% 2029 | 140,400 | 7,717 | |
United Mexican States, Series M30, 8.50% 2038 | 21,100 | 1,136 | |
United Mexican States, Series M, 8.00% 2047 | 96,500 | 4,848 | |
42,901 | |||
Australian dollars 1.75% | |||
Australia (Commonwealth of), Series 152, 2.75% 2028 | A$2,570 | 2,149 | |
Australia (Commonwealth of), Series 163, 1.00% 2031 | 50,710 | 35,384 | |
Australia (Commonwealth of), Series 162, 1.75% 2051 | 4,620 | 2,811 | |
40,344 | |||
Russian rubles 1.62% | |||
Russian Federation 7.00% 2023 | RUB430,300 | 5,839 | |
Russian Federation 7.15% 2025 | 436,320 | 5,930 | |
Russian Federation 6.90% 2029 | 403,750 | 5,337 | |
Russian Federation 7.65% 2030 | 886,170 | 12,295 | |
Russian Federation 5.90% 2031 | 79,600 | 975 | |
Russian Federation 8.50% 2031 | 82,440 | 1,215 | |
Russian Federation 7.70% 2033 | 295,840 | 4,129 | |
Russian Federation 7.25% 2034 | 121,920 | 1,643 | |
37,363 | |||
Malaysian ringgits 1.10% | |||
Malaysia (Federation of), Series 0310, 4.498% 2030 | MYR8,420 | 2,201 | |
Malaysia (Federation of), Series 0418, 4.893% 2038 | 45,447 | 11,743 | |
Malaysia (Federation of), Series 0219, 4.467% 2039 | 9,167 | 2,218 | |
Malaysia (Federation of), Series 0519, 3.757% 2040 | 40,283 | 9,104 | |
25,266 | |||
Indonesian rupiah 0.67% | |||
Indonesia (Republic of), Series 84, 7.25% 2026 | IDR22,733,000 | 1,642 | |
Indonesia (Republic of), Series 56, 8.375% 2026 | 6,725,000 | 513 | |
Indonesia (Republic of), Series 59, 7.00% 2027 | 11,000,000 | 789 |
American Funds Insurance Series — Capital World Bond Fund — Page 156 of 240
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Bonds, notes & other debt instruments (continued) Indonesian rupiah (continued) | Principal amount (000) | Value (000) | |
Indonesia (Republic of), Series 78, 8.25% 2029 | IDR45,433,000 | $3,419 | |
Indonesia (Republic of), Series 82, 7.00% 2030 | 59,605,000 | 4,164 | |
Indonesia (Republic of), Series 87, 6.50% 2031 | 17,649,000 | 1,192 | |
Indonesia (Republic of), Series 74, 7.50% 2032 | 7,073,000 | 500 | |
Indonesia (Republic of), Series 65, 6.625% 2033 | 17,683,000 | 1,187 | |
Indonesia (Republic of), Series 68, 8.375% 2034 | 27,353,000 | 2,066 | |
15,472 | |||
South Korean won 0.54% | |||
South Korea (Republic of), Series 2503, 1.50% 2025 | KRW5,183,670 | 4,589 | |
South Korea (Republic of), Series 2712, 2.375% 2027 | 8,658,930 | 7,942 | |
12,531 | |||
Colombian pesos 0.42% | |||
Colombia (Republic of) 5.75% 2027 | COP7,161,000 | 1,906 | |
Colombia (Republic of) 7.25% 2050 | 31,167,000 | 7,786 | |
9,692 | |||
Chilean pesos 0.35% | |||
Chile (Republic of) 4.50% 2026 | CLP5,205,000 | 8,028 | |
Israeli shekels 0.34% | |||
Israel (State of) 2.00% 2027 | ILS13,850 | 4,471 | |
Israel (State of) 5.50% 2042 | 6,790 | 3,284 | |
7,755 | |||
Ukrainian hryvnia 0.32% | |||
Ukraine 16.06% 2022 | UAH86,536 | 3,319 | |
Ukraine 17.00% 2022 | 60,180 | 2,305 | |
Ukraine 17.25% 2022 | 47,384 | 1,801 | |
7,425 | |||
Norwegian kroner 0.26% | |||
Norway (Kingdom of) 1.75% 2025 | NKr48,880 | 5,900 | |
New Zealand dollars 0.17% | |||
New Zealand 1.75% 2041 | NZ$6,505 | 3,907 | |
Indian rupees 0.16% | |||
National Highways Authority of India 7.17% 2021 | INR220,000 | 3,079 | |
National Highways Authority of India 7.27% 2022 | 50,000 | 707 | |
3,786 | |||
South African rand 0.14% | |||
South Africa (Republic of), Series R-2048, 8.75% 2048 | ZAR58,650 | 3,119 | |
Ghanaian cedi 0.12% | |||
Ghana (Republic of) 18.85% 2023 | GHS15,260 | 2,740 |
American Funds Insurance Series — Capital World Bond Fund — Page 157 of 240
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Bonds, notes & other debt instruments (continued) Peruvian nuevos soles 0.08% | Principal amount (000) | Value (000) | |
Peru (Republic of) 6.15% 2032 | PEN5,980 | $1,733 | |
Polish zloty 0.06% | |||
Poland (Republic of), Series 1029, 2.75% 2029 | PLN4,900 | 1,373 | |
Romanian leu 0.06% | |||
Romania 4.75% 2025 | RON5,000 | 1,292 | |
U.S. dollars 36.04% | |||
7-Eleven, Inc. 0.95% 20262 | $520 | 507 | |
7-Eleven, Inc. 1.80% 20312 | 1,519 | 1,420 | |
99 Escrow Issuer, Inc. 7.50% 20262 | 70 | 68 | |
Abbott Laboratories 3.40% 2023 | 137 | 147 | |
Abbott Laboratories 3.75% 2026 | 793 | 891 | |
AbbVie Inc. 2.90% 2022 | 1,170 | 1,214 | |
AbbVie Inc. 3.20% 2022 | 200 | 208 | |
Abu Dhabi (Emirate of) 0.75% 20232 | 5,460 | 5,484 | |
Abu Dhabi (Emirate of) 2.50% 20252 | 2,195 | 2,319 | |
ACE INA Holdings Inc. 2.875% 2022 | 195 | 202 | |
ACE INA Holdings Inc. 3.35% 2026 | 195 | 213 | |
ACE INA Holdings Inc. 4.35% 2045 | 425 | 504 | |
Adobe Inc. 2.15% 2027 | 1,062 | 1,097 | |
Advisor Group Holdings, LLC 6.25% 20282 | 425 | 446 | |
Aetna Inc. 2.80% 2023 | 340 | 355 | |
Affinity Gaming 6.875% 20272 | 330 | 348 | |
AG Merger Sub II, Inc. 10.75% 20272 | 311 | 349 | |
Albertsons Companies, Inc. 3.50% 20292 | 125 | 119 | |
Alcoa Netherlands Holding BV 5.50% 20272 | 200 | 216 | |
Alcoa Netherlands Holding BV 4.125% 20292 | 75 | 76 | |
Alexandria Real Estate Equities, Inc. 1.875% 2033 | 2,047 | 1,864 | |
Alliant Holdings Intermediate, LLC 6.75% 20272 | 410 | 437 | |
Allied Universal Holdco LLC 9.75% 20272 | 325 | 357 | |
Allison Transmission Holdings, Inc. 3.75% 20312 | 100 | 97 | |
Allstate Corp. 0.75% 2025 | 1,563 | 1,537 | |
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 8.25% 20255,6 | 650 | 655 | |
Alta Equipment Group Inc. 5.625% 20262 | 75 | 76 | |
Altice NV 7.50% 20262 | 50 | 52 | |
Altria Group, Inc. 5.95% 2049 | 131 | 163 | |
Amazon.com, Inc. 1.50% 2030 | 2,040 | 1,946 | |
Amazon.com, Inc. 2.50% 2050 | 2,500 | 2,241 | |
American Airlines, Inc. 5.50% 20262 | 200 | 208 | |
American Airlines, Inc. 5.75% 20292 | 200 | 213 | |
American Campus Communities, Inc. 3.75% 2023 | 1,810 | 1,914 | |
American Campus Communities, Inc. 4.125% 2024 | 1,195 | 1,308 | |
American Campus Communities, Inc. 3.875% 2031 | 514 | 554 | |
American Electric Power Company, Inc. 1.00% 2025 | 250 | 245 | |
American Honda Finance Corp. 1.20% 2025 | 3,202 | 3,190 | |
Amgen Inc. 1.90% 2025 | 580 | 600 | |
Amgen Inc. 2.20% 2027 | 445 | 457 | |
Amipeace Ltd., 2.50% 2024 | 4,100 | 4,306 | |
Anglo American Capital PLC 2.25% 20282 | 454 | 448 | |
Anglo American Capital PLC 3.95% 20502 | 521 | 532 |
American Funds Insurance Series — Capital World Bond Fund — Page 158 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Angola (Republic of) 9.50% 2025 | $2,400 | $2,518 | |
Anheuser-Busch Co. / InBev Worldwide 4.70% 2036 | 1,780 | 2,089 | |
Anheuser-Busch InBev NV 4.15% 2025 | 2,230 | 2,479 | |
Anheuser-Busch InBev NV 4.00% 2028 | 1,050 | 1,171 | |
Anheuser-Busch InBev NV 4.75% 2029 | 2,535 | 2,964 | |
Anheuser-Busch InBev NV 4.50% 2050 | 2,250 | 2,557 | |
Antero Resources Corp. 7.625% 20292 | 15 | 16 | |
Apache Corp. 4.625% 2025 | 100 | 103 | |
Apache Corp. 4.375% 2028 | 171 | 171 | |
Apache Corp. 5.10% 2040 | 100 | 98 | |
Apple Inc. 3.35% 2027 | 1,075 | 1,182 | |
Apple Inc. 2.40% 2050 | 1,100 | 949 | |
Arconic Rolled Products Corp. 6.125% 20282 | 100 | 107 | |
Ardagh Group SA 6.50% 20272,7 | 210 | 221 | |
Ardagh Metal Packaging Finance USA LLC 4.00% 20292 | 200 | 200 | |
Ardagh Packaging Finance 5.25% 20272 | 200 | 204 | |
Argentine Republic 0.125% 2030 (0.50% on 7/9/2021)1 | 4,221 | 1,421 | |
Argentine Republic 0.125% 2035 (1.125% on 7/9/2021)1 | 3,025 | 909 | |
Ascent Resources - Utica LLC 8.25% 20282 | 230 | 240 | |
Associated Materials, LLC 9.00% 20252 | 400 | 423 | |
AssuredPartners, Inc. 7.00% 20252 | 200 | 207 | |
AssuredPartners, Inc. 5.625% 20292 | 230 | 235 | |
AstraZeneca PLC 3.50% 2023 | 2,700 | 2,880 | |
ATS Automation Tooling Systems Inc. 4.125% 20282 | 230 | 228 | |
Austin BidCo Inc. 7.125% 20282 | 120 | 122 | |
Avantor Funding, Inc. 4.625% 20282 | 300 | 314 | |
Avis Budget Car Rental, LLC 5.75% 20272 | 220 | 230 | |
Avis Budget Group, Inc. 5.25% 20252 | 120 | 122 | |
Avis Budget Group, Inc. 4.75% 20282 | 100 | 102 | |
Avis Budget Group, Inc. 5.375% 20292 | 95 | 98 | |
Axalta Coating Systems LLC 4.75% 20272 | 200 | 209 | |
Axiata SPV2 Bhd. 2.163% 2030 | 651 | 626 | |
B&G Foods, Inc. 5.25% 2025 | 100 | 103 | |
B&G Foods, Inc. 5.25% 2027 | 210 | 219 | |
Baidu Inc. 3.425% 2030 | 675 | 709 | |
Banff Merger Sub Inc. 9.75% 20262 | 210 | 224 | |
Bank of America Corp. 2.456% 2025 (3-month USD-LIBOR + 0.87% on 10/22/2024)1 | 847 | 888 | |
Bank of America Corp. 1.197% 2026 (USD-SOFR + 1.01% on 10/24/2025)1 | 7,710 | 7,613 | |
Bank of America Corp. 1.658% 2027 (USD-SOFR + 0.91% on 3/11/2026)1 | 4,600 | 4,617 | |
Bausch Health Companies Inc. 9.25% 20262 | 795 | 882 | |
Bausch Health Companies Inc. 5.00% 20282 | 315 | 319 | |
Bausch Health Companies Inc. 5.00% 20292 | 225 | 224 | |
Bausch Health Companies Inc. 5.25% 20312 | 85 | 85 | |
Bayer AG 3.375% 20242 | 840 | 906 | |
Bayer US Finance II LLC 3.875% 20232 | 900 | 971 | |
Bayer US Finance II LLC 4.25% 20252 | 203 | 226 | |
Bayerische Motoren Werke AG 2.95% 20222 | 3,675 | 3,774 | |
Bayerische Motoren Werke AG 3.15% 20242 | 5,000 | 5,342 | |
Bayerische Motoren Werke AG 3.90% 20252 | 900 | 993 | |
Bayerische Motoren Werke AG 4.15% 20302 | 900 | 1,027 | |
Beasley Mezzanine Holdings, LLC 8.625% 20262 | 125 | 126 | |
Becton, Dickinson and Company 3.70% 2027 | 933 | 1,030 | |
Belarus (Republic of) 7.625% 2027 | 2,100 | 2,159 | |
Berkshire Hathaway Energy Company 2.85% 2051 | 300 | 270 | |
Black Knight Inc. 3.625% 20282 | 335 | 330 |
American Funds Insurance Series — Capital World Bond Fund — Page 159 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Blue Racer Midstream LLC and Blue Racer Finance Corp. 7.625% 20252 | $120 | $130 | |
BMC Software, Inc. 7.125% 20252 | 70 | 75 | |
BMC Software, Inc. 9.125% 20262 | 150 | 160 | |
Boeing Company 5.15% 2030 | 4,000 | 4,612 | |
Bombardier Inc. 8.75% 20212 | 50 | 53 | |
Bombardier Inc. 6.125% 20232 | 65 | 68 | |
Bombardier Inc. 7.875% 20272 | 125 | 123 | |
Boyd Gaming Corp. 4.75% 2027 | 220 | 225 | |
BP Capital Markets America Inc. 2.939% 2051 | 2,280 | 2,037 | |
Brandywine Operating Partnership, LP 3.95% 2023 | 190 | 199 | |
Brasil Foods SA 5.75% 20502 | 220 | 217 | |
Braskem SA 4.50% 20302 | 745 | 750 | |
Brightstar Escrow Corp. 9.75% 20252 | 180 | 196 | |
Bristow Group Inc. 6.875% 20282 | 175 | 175 | |
British Airways, Series 2020-1, Class B, 8.375% 20282 | 98 | 112 | |
British American Tobacco PLC 2.789% 2024 | 1,150 | 1,213 | |
British American Tobacco PLC 3.215% 2026 | 955 | 1,010 | |
British American Tobacco PLC 3.557% 2027 | 1,545 | 1,646 | |
British American Tobacco PLC 3.462% 2029 | 1,150 | 1,202 | |
British American Tobacco PLC 4.758% 2049 | 894 | 921 | |
Broadcom Inc. 3.15% 2025 | 212 | 226 | |
Broadcom Inc. 4.15% 2030 | 1,450 | 1,567 | |
Broadcom Inc. 3.419% 20332 | 698 | 702 | |
Broadcom Inc. 3.75% 20512 | 926 | 887 | |
Brookfield Property REIT Inc. 5.75% 20262 | 820 | 846 | |
Brookfield Residential Properties Inc. 4.875% 20302 | 85 | 85 | |
Brundage-Bone Concrete Pumping Holdings, Inc. 6.00% 20262 | 105 | 110 | |
BWX Technologies, Inc. 4.125% 20292 | 265 | 269 | |
Cablevision Systems Corp. 6.75% 2021 | 950 | 977 | |
Caesars Entertainment, Inc. 6.25% 20252 | 50 | 53 | |
California Resources Corp. 7.125% 20262 | 100 | 102 | |
Canadian Natural Resources Ltd. 2.95% 2030 | 2,343 | 2,340 | |
Carnival Corp. 11.50% 20232 | 2,630 | 3,018 | |
Carrier Global Corp. 2.242% 2025 | 530 | 549 | |
Carrier Global Corp. 2.493% 2027 | 438 | 453 | |
Carvana Co. 5.50% 20272 | 70 | 71 | |
Catalent, Inc. 3.125% 20292 | 120 | 115 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 20262 | 223 | 230 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 3.75% 2028 | 2,650 | 2,874 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20302 | 975 | 995 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 20302 | 165 | 171 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20312 | 305 | 306 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20322 | 100 | 101 | |
Centene Corp. 4.25% 2027 | 200 | 211 | |
Centene Corp. 4.625% 2029 | 405 | 439 | |
Centene Corp. 2.50% 2031 | 155 | 148 | |
Central Garden & Pet Co. 4.125% 2030 | 99 | 100 | |
Charles River Laboratories International, Inc. 4.25% 20282 | 150 | 155 | |
Charles River Laboratories International, Inc. 3.75% 20292 | 30 | 30 | |
Cheniere Energy Partners, LP 5.625% 2026 | 100 | 105 | |
Cheniere Energy Partners, LP 4.50% 2029 | 210 | 218 | |
Cheniere Energy Partners, LP 4.00% 20312 | 100 | 102 | |
Cheniere Energy, Inc. 4.625% 20282 | 405 | 421 | |
Chesapeake Energy Corp. 4.875% 20228 | 915 | 22 | |
Chesapeake Energy Corp. 5.50% 20262 | 100 | 104 |
American Funds Insurance Series — Capital World Bond Fund — Page 160 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Chesapeake Energy Corp. 5.875% 20292 | $85 | $90 | |
China Construction Bank Corp. (Hong Kong Branch) 1.00% 2023 | 6,000 | 6,010 | |
Cigna Corp. 4.125% 2025 | 830 | 926 | |
Cigna Corp. 2.375% 2031 | 3,357 | 3,305 | |
Cinemark USA, Inc. 5.875% 20262 | 75 | 77 | |
Cirsa Gaming Corp. SA 7.875% 20232 | 400 | 407 | |
Citigroup Inc. 2.35% 2021 | 1,500 | 1,511 | |
Citigroup Inc. 3.106% 2026 (USD-SOFR + 2.842% on 3/8/2026)1 | 4,500 | 4,807 | |
Cleveland-Cliffs Inc. 9.875% 20252 | 281 | 330 | |
Cleveland-Cliffs Inc. 6.75% 20262 | 315 | 343 | |
Cleveland-Cliffs Inc. 5.875% 2027 | 100 | 104 | |
Cleveland-Cliffs Inc. 4.625% 20292 | 125 | 125 | |
Cleveland-Cliffs Inc. 4.875% 20312 | 200 | 200 | |
CMS Energy Corp. 3.875% 2024 | 100 | 108 | |
CMS Energy Corp. 3.00% 2026 | 1,200 | 1,275 | |
CNX Resources Corp. 7.25% 20272 | 210 | 226 | |
CNX Resources Corp. 6.00% 20292 | 225 | 234 | |
Colombia (Republic of) 3.875% 2027 | 350 | 376 | |
Comcast Corp. 3.95% 2025 | 2,610 | 2,917 | |
Commonwealth Bank of Australia 2.688% 20312 | 4,650 | 4,521 | |
Community Health Systems Inc. 5.625% 20272 | 90 | 94 | |
Community Health Systems Inc. 6.00% 20292 | 230 | 243 | |
Compass Diversified Holdings 8.00% 20262 | 475 | 497 | |
Compass Diversified Holdings 5.25% 20292 | 365 | 383 | |
Comstock Resources, Inc. 9.75% 2026 | 295 | 321 | |
Comstock Resources, Inc. 6.75% 20292 | 140 | 144 | |
Conagra Brands, Inc. 4.30% 2024 | 2,380 | 2,626 | |
Constellation Oil Services Holding SA 10.00% 2024 (100% PIK)2,7 | 2,741 | 774 | |
Constellium SE 3.75% 20292 | 125 | 120 | |
Consumers Energy Co. 3.375% 2023 | 345 | 366 | |
Continental Airlines, Inc., Series 2000-2, Class A1, 7.707% 2022 | 4 | 4 | |
Convey Park Energy LLC 7.50% 20252 | 125 | 130 | |
Corporate Office Properties LP 2.75% 2031 | 1,212 | 1,175 | |
Costa Rica (Republic of) 6.125% 20312 | 640 | 646 | |
CP Atlas Buyer, Inc. 7.00% 20282 | 50 | 53 | |
Crédit Agricole SA 4.375% 20252 | 1,100 | 1,209 | |
Crédit Agricole SA 1.907% 2026 (USD-SOFR + 1.676% on 6/16/2025)1,2 | 2,675 | 2,714 | |
Credit Suisse AG (New York Branch) 2.95% 2025 | 875 | 928 | |
Crestwood Midstream Partners LP 6.00% 20292 | 150 | 148 | |
CrowdStrike Holdings, Inc. 3.00% 2029 | 90 | 88 | |
CSX Corp. 3.80% 2050 | 75 | 80 | |
CSX Corp. 2.50% 2051 | 1,075 | 912 | |
CVR Partners, LP 9.25% 20232 | 230 | 232 | |
CVS Health Corp. 3.50% 2022 | 430 | 445 | |
CVS Health Corp. 3.70% 2023 | 97 | 103 | |
DaimlerChrysler North America Holding Corp. 2.00% 20212 | 2,100 | 2,109 | |
Dana Inc. 5.625% 2028 | 410 | 439 | |
Danske Bank AS 2.70% 20222 | 1,400 | 1,429 | |
Danske Bank AS 3.875% 20232 | 1,675 | 1,794 | |
Darling Ingredients Inc. 5.25% 20272 | 210 | 221 | |
DaVita Inc. 4.625% 20302 | 200 | 204 | |
DCP Midstream LP 7.375% 2049 (3-month USD-LIBOR + 5.148% on 12/15/2022)1 | 50 | 45 | |
Deutsche Bank AG 2.129% 2026 (USD-SOFR + 1.87% on 11/24/2025)1 | 850 | 853 | |
Deutsche Bank AG 3.547% 2031 (USD-SOFR + 3.043% on 9/18/2030)1 | 1,500 | 1,551 | |
Deutsche Telekom International Finance BV 1.95% 20212 | 575 | 578 |
American Funds Insurance Series — Capital World Bond Fund — Page 161 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Deutsche Telekom International Finance BV 2.82% 20222 | $1,675 | $1,704 | |
Deutsche Telekom International Finance BV 9.25% 2032 | 930 | 1,481 | |
Diamond Offshore Drilling, Inc. 4.875% 20438 | 825 | 144 | |
Diamond Sports Group LLC 6.625% 20272 | 385 | 201 | |
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 2.953% 20235,6 | 108 | 107 | |
Diebold Nixdorf, Inc. 9.375% 20252 | 630 | 703 | |
Diebold, Inc. 8.50% 2024 | 150 | 153 | |
Discovery Communications, Inc. 3.625% 2030 | 468 | 501 | |
Diversified Healthcare Trust 4.375% 2031 | 300 | 293 | |
Dominican Republic 5.50% 20252 | 1,375 | 1,512 | |
Dominican Republic 5.95% 2027 | 624 | 704 | |
Dominican Republic 8.625% 20272 | 225 | 274 | |
Dominican Republic 6.40% 20492 | 1,613 | 1,694 | |
DPL Inc. 4.125% 20252 | 270 | 286 | |
Duke Energy Corp. 3.75% 2024 | 550 | 593 | |
Duke Energy Progress, LLC 3.70% 2028 | 1,225 | 1,358 | |
Dun & Bradstreet Corp. 6.875% 20262 | 123 | 132 | |
Edison International 5.75% 2027 | 370 | 432 | |
Edison International 4.125% 2028 | 2,390 | 2,567 | |
Egypt (Arab Republic of) 7.50% 20272 | 2,200 | 2,394 | |
Electricité de France SA 4.875% 20382 | 795 | 932 | |
Embarq Corp. 7.995% 2036 | 680 | 784 | |
EMD Finance LLC 2.95% 20222 | 225 | 230 | |
EMD Finance LLC 3.25% 20252 | 2,924 | 3,139 | |
Empire Communities Corp. 7.00% 20252 | 100 | 106 | |
Empresas Publicas de Medellin ESP 4.25% 20292 | 1,030 | 1,045 | |
Enbridge Inc. 4.00% 2023 | 600 | 644 | |
Enbridge Inc. 2.50% 2025 | 900 | 939 | |
Enbridge Inc. 4.25% 2026 | 655 | 731 | |
Enbridge Inc. 3.70% 2027 | 754 | 821 | |
Encompass Health Corp. 4.50% 2028 | 100 | 103 | |
Encompass Health Corp. 4.75% 2030 | 200 | 206 | |
Endo Dac / Endo Finance LLC / Endo Finco 9.50% 20272 | 551 | 600 | |
Endo Dac / Endo Finance LLC / Endo Finco 6.00% 20282 | 292 | 237 | |
Endo Luxembourg Finance Co I SARL / Endo US Inc. 6.125% 20292 | 225 | 227 | |
Endurance Acquisition Merger Sub 6.00% 20292 | 175 | 171 | |
Enel Finance International SA 2.75% 20232 | 5,000 | 5,202 | |
Enel Finance International SA 3.625% 20272 | 2,375 | 2,573 | |
Enel Finance International SA 3.50% 20282 | 1,800 | 1,928 | |
Energean Israel Finance Ltd. 4.50% 20242 | 80 | 81 | |
Energean Israel Finance Ltd. 4.875% 20262 | 50 | 50 | |
Energean Israel Finance Ltd. 5.875% 20312 | 90 | 90 | |
Energizer Holdings, Inc. 4.375% 20292 | 210 | 211 | |
Energy Transfer Operating, LP 5.00% 2050 | 5,567 | 5,771 | |
Energy Transfer Partners, LP 4.20% 2027 | 110 | 120 | |
Energy Transfer Partners, LP 6.00% 2048 | 70 | 81 | |
Energy Transfer Partners, LP 6.25% 2049 | 910 | 1,070 | |
EnLink Midstream Partners, LLC 5.625% 20282 | 135 | 131 | |
ENN Energy Holdings Ltd. 2.625% 20302 | 2,982 | 2,870 | |
Entergy Corp. 0.90% 2025 | 750 | 733 | |
Entergy Texas, Inc. 1.75% 2031 | 525 | 488 | |
Enterprise Products Operating LLC 2.80% 2030 | 377 | 390 | |
EQM Midstream Partners, LP 6.50% 20272 | 340 | 370 | |
EQM Midstream Partners, LP 4.50% 20292 | 75 | 73 | |
EQM Midstream Partners, LP 4.75% 20312 | 70 | 68 |
American Funds Insurance Series — Capital World Bond Fund — Page 162 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
EQT Corp. 8.50% 20301 | $105 | $134 | |
Equinix, Inc. 1.80% 2027 | 1,145 | 1,125 | |
Equinix, Inc. 2.15% 2030 | 9,390 | 8,935 | |
Equinor ASA 1.75% 2026 | 462 | 473 | |
Equinor ASA 2.375% 2030 | 928 | 927 | |
Equinor ASA 3.70% 2050 | 1,441 | 1,536 | |
Essex Portfolio LP 3.50% 2025 | 2,835 | 3,065 | |
Essex Portfolio LP 3.375% 2026 | 885 | 958 | |
European Investment Bank 2.25% 2022 | 700 | 714 | |
Exelon Corp., junior subordinated, 3.497% 20221 | 525 | 542 | |
Export-Import Bank of India 3.25% 2030 | 3,489 | 3,475 | |
Fannie Mae Pool #MA2754 3.00% 20264 | 136 | 143 | |
Fannie Mae Pool #AB4281 3.00% 20274 | 21 | 22 | |
Fannie Mae Pool #AP7888 3.50% 20424 | 491 | 534 | |
Fannie Mae Pool #AO4151 3.50% 20424 | 180 | 195 | |
Fannie Mae Pool #AQ0770 3.50% 20424 | 171 | 186 | |
Fannie Mae, Series 2012-M17, Class A2, Multi Family, 2.184% 20224 | 1,152 | 1,176 | |
Fidelity National Information Services, Inc. 2.25% 2031 | 47 | 46 | |
First Quantum Minerals Ltd. 7.25% 20232 | 665 | 678 | |
First Quantum Minerals Ltd. 7.50% 20252 | 895 | 925 | |
First Quantum Minerals Ltd. 6.875% 20262 | 325 | 337 | |
First Quantum Minerals Ltd. 6.875% 20272 | 440 | 472 | |
FirstEnergy Corp. 4.40% 20271 | 1,800 | 1,937 | |
FirstEnergy Corp. 3.40% 2050 | 240 | 211 | |
FirstEnergy Transmission LLC 2.866% 20282 | 2,325 | 2,348 | |
FMG Resources 4.375% 20312 | 325 | 331 | |
Ford Motor Credit Company LLC 3.81% 2024 | 530 | 547 | |
Ford Motor Credit Company LLC 5.125% 2025 | 1,035 | 1,119 | |
Ford Motor Credit Company LLC 2.90% 2028 | 200 | 192 | |
Ford Motor Credit Company LLC 4.00% 2030 | 125 | 124 | |
France Télécom 9.00% 20311 | 2,434 | 3,766 | |
Freddie Mac Pool #ZS8588 3.00% 20304 | 83 | 88 | |
Freddie Mac Pool #SI2002 4.00% 20484 | 2,608 | 2,806 | |
Freedom Mortgage Corp. 7.625% 20262 | 225 | 236 | |
Freeport-McMoRan Inc. 3.875% 2023 | 75 | 78 | |
Freeport-McMoRan Inc. 4.25% 2030 | 275 | 293 | |
Freeport-McMoRan Inc. 5.45% 2043 | 100 | 120 | |
Fresnillo PLC 4.25% 20502 | 973 | 958 | |
Front Range BidCo, Inc. 6.125% 20282 | 200 | 206 | |
Frontier Communications Corp. 11.00% 20258 | 1,515 | 1,039 | |
Frontier Communications Corp. 5.875% 20272 | 125 | 133 | |
Frontier Communications Corp. 5.00% 20282 | 125 | 128 | |
Frontier Communications Corp. 6.75% 20292 | 125 | 132 | |
FS Energy and Power Fund 7.50% 20232 | 575 | 579 | |
Full House Resorts Inc. 8.25% 20282 | 30 | 32 | |
FXI Holdings, Inc. 7.875% 20242 | 150 | 155 | |
FXI Holdings, Inc. 12.25% 20262 | 652 | 746 | |
Gartner, Inc. 4.50% 20282 | 150 | 155 | |
General Mills, Inc. 3.20% 2021 | 455 | 455 | |
General Motors Company 6.125% 2025 | 117 | 138 | |
General Motors Financial Co. 5.20% 2023 | 1,190 | 1,291 | |
Genesis Energy, LP 8.00% 2027 | 205 | 208 | |
Global Payments Inc. 1.20% 2026 | 817 | 805 | |
Global Payments Inc. 2.90% 2030 | 683 | 698 | |
Gogo Inc. 9.875% 20242 | 850 | 896 |
American Funds Insurance Series — Capital World Bond Fund — Page 163 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022)1 | $1,200 | $1,236 | |
Goldman Sachs Group, Inc. 0.855% 2026 (USD-SOFR + 0.609% on 2/12/2025)1 | 2,650 | 2,606 | |
GPC Merger Sub Inc. 7.125% 20282 | 210 | 224 | |
Grab Holding Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 5.50% 20265,6 | 75 | 76 | |
Gray Television, Inc. 7.00% 20272 | 210 | 229 | |
Groupe BPCE SA 5.70% 20232 | 1,800 | 2,012 | |
Grupo Energia Bogota SA ESP 4.875% 20302 | 660 | 732 | |
Guara Norte SARL 5.198% 20342 | 200 | 196 | |
Hanesbrands Inc. 4.625% 20242 | 85 | 90 | |
Hanesbrands Inc. 5.375% 20252 | 86 | 91 | |
Hanesbrands Inc. 4.875% 20262 | 245 | 263 | |
Harsco Corp. 5.75% 20272 | 360 | 369 | |
Harvest Midstream I, LP 7.50% 20282 | 140 | 151 | |
HCA Inc. 5.375% 2025 | 55 | 61 | |
HCA Inc. 5.875% 2026 | 125 | 143 | |
HCA Inc. 5.625% 2028 | 315 | 363 | |
HCA Inc. 5.25% 2049 | 170 | 209 | |
Hess Midstream Partners LP 5.125% 20282 | 140 | 142 | |
Hexion Inc. 7.875% 20272 | 370 | 399 | |
Hilcorp Energy I, LP 5.75% 20292 | 80 | 81 | |
Hilcorp Energy I, LP 6.00% 20312 | 45 | 46 | |
Hilton Worldwide Holdings Inc. 4.00% 20312 | 130 | 130 | |
Howard Hughes Corp. 5.375% 20282 | 435 | 458 | |
Howard Hughes Corp. 4.125% 20292 | 205 | 201 | |
Howard Hughes Corp. 4.375% 20312 | 130 | 127 | |
Howmet Aerospace Inc. 6.875% 2025 | 190 | 220 | |
HSBC Holdings PLC 3.033% 2023 (3-month USD-LIBOR + 0.923% on 11/12/2022)1 | 430 | 447 | |
HSBC Holdings PLC 2.633% 2025 (3-month USD-LIBOR + 1.14% on 11/7/2024)1 | 305 | 319 | |
HSBC Holdings PLC 4.292% 2026 (3-month USD-LIBOR + 1.348% on 9/12/2025)1 | 4,172 | 4,622 | |
HSBC Holdings PLC 2.357% 2031 (USD-SOFR + 1.947% on 8/18/2030)1 | 1,032 | 994 | |
HSBC Holdings PLC 2.848% 2031 (USD-SOFR + 2.387% on 6/4/2030)1 | 6,000 | 6,008 | |
Hyundai Capital America 3.25% 20222 | 250 | 259 | |
Hyundai Capital America 2.375% 20272 | 1,284 | 1,290 | |
Hyundai Capital Services Inc. 3.75% 20232 | 2,450 | 2,586 | |
Imperial Tobacco Finance PLC 3.50% 20232 | 2,000 | 2,082 | |
Indonesia (Republic of) 3.75% 2022 | 1,110 | 1,147 | |
International Game Technology PLC 6.50% 20252 | 500 | 550 | |
International Game Technology PLC 4.125% 20262 | 250 | 258 | |
International Game Technology PLC 5.25% 20292 | 200 | 209 | |
Interstate Power and Light Co. 2.30% 2030 | 1,275 | 1,260 | |
Intesa Sanpaolo SpA 5.017% 20242 | 3,270 | 3,573 | |
Intuit Inc. 1.35% 2027 | 700 | 689 | |
Iqvia Inc. 5.00% 20272 | 200 | 212 | |
Iraq (Republic of) 6.752% 20232 | 545 | 544 | |
Iron Mountain Inc. 5.25% 20302 | 290 | 300 | |
Iron Mountain Inc. 4.50% 20312 | 190 | 188 | |
Israel (State of) 2.50% 2030 | 3,850 | 3,965 | |
Israel (State of) 2.75% 2030 | 1,135 | 1,190 | |
Israel (State of) 3.375% 2050 | 1,470 | 1,488 | |
Israel (State of) 3.875% 2050 | 1,265 | 1,394 | |
J2 Global, Inc. 4.625% 20302 | 220 | 223 | |
Jaguar Land Rover PLC 7.75% 20252 | 225 | 244 | |
Jaguar Land Rover PLC 5.875% 20282 | 100 | 102 | |
Joseph T. Ryerson & Son, Inc. 8.50% 20282 | 157 | 176 | |
JPMorgan Chase & Co. 1.045% 2026 (USD-SOFR + 0.80% on 11/19/2025)1 | 6,710 | 6,557 |
American Funds Insurance Series — Capital World Bond Fund — Page 164 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
KB Home 6.875% 2027 | $370 | $434 | |
Kennedy-Wilson Holdings, Inc. 4.75% 2029 | 325 | 329 | |
Kennedy-Wilson Holdings, Inc. 5.00% 2031 | 125 | 127 | |
Keurig Dr Pepper Inc. 4.597% 2028 | 2,740 | 3,170 | |
Keurig Dr Pepper Inc. 3.20% 2030 | 146 | 155 | |
Keurig Dr Pepper Inc. 5.085% 2048 | 1,075 | 1,350 | |
Kimberly-Clark Corp. 1.05% 2027 | 770 | 748 | |
Kimberly-Clark Corp. 3.10% 2030 | 110 | 119 | |
Kraft Heinz Company 3.875% 2027 | 300 | 327 | |
Kraft Heinz Company 5.00% 2042 | 250 | 282 | |
Kraft Heinz Company 4.375% 2046 | 740 | 775 | |
Kronos Acquisition Holdings Inc. 5.00% 20262 | 95 | 95 | |
Kronos Acquisition Holdings Inc. 7.00% 20272 | 225 | 216 | |
Kuwait (State of) 2.75% 20222 | 3,550 | 3,631 | |
Lamar Media Corp. 3.75% 2028 | 210 | 210 | |
Lamar Media Corp. 3.625% 20312 | 75 | 73 | |
LBM Acquisition LLC 6.25% 20292 | 25 | 26 | |
LD Holdings Group LLC 6.125% 20282 | 125 | 127 | |
Level 3 Financing, Inc. 3.75% 20292 | 95 | 93 | |
Levi Strauss & Co. 3.50% 20312 | 125 | 121 | |
Liberty Global PLC 5.50% 20282 | 250 | 259 | |
Life Time Inc. 5.75% 20262 | 115 | 118 | |
Ligado Networks LLC 15.50% 20232,7 | 225 | 226 | |
Lima Metro Line 2 Finance Ltd. 5.875% 20342 | 1,040 | 1,223 | |
Lima Metro Line 2 Finance Ltd. 5.875% 2034 | 712 | 838 | |
Lima Metro Line 2 Finance Ltd. 4.35% 20362 | 630 | 668 | |
Lloyds Banking Group PLC 1.326% 2023 (1-year UST Yield Curve Rate T Note Constant Maturity on 6/15/2022)1 | 1,825 | 1,843 | |
Lloyds Banking Group PLC 1.627% 2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 5/11/2026)1 | 7,000 | 6,958 | |
LPL Financial Holdings Inc. 4.625% 20272 | 395 | 411 | |
LSB Industries, Inc. 9.625% 20232 | 760 | 782 | |
LSC Communications, Inc. 8.75% 20232,8,9,10 | 431 | 23 | |
LSF9 Atlantis Holdings LLC / Victra Finance Corp 7.75% 20262 | 190 | 195 | |
LYB International Finance III, LLC 1.25% 2025 | 1,452 | 1,435 | |
Mallinckrodt PLC 10.00% 20252 | 1,190 | 1,330 | |
Masco Corp. 1.50% 2028 | 791 | 761 | |
MasTec, Inc. 4.50% 20282 | 100 | 104 | |
Mattel, Inc. 6.75% 20252 | 40 | 42 | |
Mattel, Inc. 3.75% 20292 | 70 | 71 | |
MDC Partners Inc. 7.50% 20241,2 | 470 | 478 | |
Medical Properties Trust, Inc. 3.50% 2031 | 155 | 152 | |
Medtronic, Inc. 3.50% 2025 | 1,091 | 1,197 | |
Melco International Development Ltd. 5.375% 20292 | 200 | 213 | |
Mercer International Inc. 5.125% 20292 | 130 | 135 | |
Meredith Corp. 6.875% 2026 | 161 | 166 | |
Methanex Corp. 5.125% 2027 | 240 | 246 | |
Methanex Corp. 5.65% 2044 | 240 | 239 | |
Mexico City Airport Trust 5.50% 2047 | 432 | 430 | |
MGM Growth Properties LLC 3.875% 20292 | 100 | 100 | |
MGM Resorts International 7.75% 2022 | 200 | 211 | |
MH SUB I, LLC, Term Loan, (3-month USD-LIBOR + 6.25%) 6.359% 20295,6 | 25 | 25 | |
Microsoft Corp. 2.40% 2026 | 2,688 | 2,844 | |
Mohegan Gaming & Entertainment 8.00% 20262 | 300 | 303 | |
Molina Healthcare, Inc. 5.375% 2022 | 1,200 | 1,260 |
American Funds Insurance Series — Capital World Bond Fund — Page 165 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Molina Healthcare, Inc. 3.875% 20302 | $75 | $77 | |
Morgan Stanley 0.985% 2026 (USD-SOFR + 0.72% on 12/10/2025)1 | 5,730 | 5,596 | |
Morgan Stanley 1.928% 2032 (USD-SOFR + 1.02% on 4/28/2031)1 | 1,396 | 1,320 | |
MPLX LP 2.65% 2030 | 837 | 821 | |
MPLX LP 5.50% 2049 | 1,900 | 2,236 | |
MSCI Inc. 5.375% 20272 | 125 | 134 | |
MSCI Inc. 3.875% 20312 | 410 | 419 | |
National CineMedia, LLC 5.875% 20282 | 100 | 93 | |
National Financial Partners Corp. 6.875% 20282 | 210 | 218 | |
Nationstar Mortgage Holdings Inc. 5.125% 20302 | 230 | 227 | |
Navient Corp. 5.50% 2023 | 440 | 458 | |
Navient Corp. 5.875% 2024 | 730 | 768 | |
Navient Corp. 6.125% 2024 | 100 | 106 | |
Navient Corp. 4.875% 2028 | 80 | 78 | |
NCL Corp. Ltd. 3.625% 20242 | 345 | 326 | |
NCL Corp. Ltd. 5.875% 20262 | 115 | 116 | |
NCR Corp. 5.125% 20292 | 250 | 252 | |
Neiman Marcus Group Ltd. LLC 7.125% 20262 | 90 | 92 | |
Neon Holdings, Inc. 10.125% 20262 | 200 | 219 | |
NESCO Holdings II, Inc. 5.50% 20292 | 135 | 139 | |
Nestlé Holdings, Inc. 0.625% 20262 | 5,550 | 5,400 | |
Netflix, Inc. 4.875% 2028 | 150 | 170 | |
Netflix, Inc. 4.875% 20302 | 225 | 259 | |
New Fortress Energy Inc. 6.50% 20262 | 370 | 374 | |
New York Life Global Funding 1.20% 20302 | 2,725 | 2,472 | |
New York Life Insurance Company 3.75% 20502 | 122 | 129 | |
Newcrest Finance Pty Ltd. 3.25% 20302 | 909 | 953 | |
Newell Rubbermaid Inc. 4.70% 2026 | 100 | 110 | |
Newell Rubbermaid Inc. 5.875% 20361 | 100 | 123 | |
Nexstar Broadcasting, Inc. 4.75% 20282 | 215 | 218 | |
NextEra Energy Capital Holdings, Inc. 0.65% 2023 | 4,225 | 4,239 | |
NGL Energy Operating LLC 7.50% 20262 | 490 | 504 | |
NGL Energy Partners LP 7.50% 2023 | 450 | 435 | |
Niagara Mohawk Power Corp. 3.508% 20242 | 180 | 194 | |
Nielsen Finance LLC and Nielsen Finance Co. 5.00% 20252 | 225 | 230 | |
Nielsen Finance LLC and Nielsen Finance Co. 5.625% 20282 | 210 | 221 | |
NIKE, Inc. 3.375% 2050 | 602 | 633 | |
Northern Oil and Gas, Inc. 8.125% 20282 | 300 | 299 | |
Northriver Midstream Finance LP 5.625% 20262 | 220 | 229 | |
Nouryon Holding BV 8.00% 20262 | 210 | 224 | |
Nova Chemicals Corp. 5.25% 20272 | 120 | 126 | |
Novartis Capital Corp. 1.75% 2025 | 460 | 474 | |
Novartis Capital Corp. 2.00% 2027 | 501 | 517 | |
Novartis Capital Corp. 2.20% 2030 | 1,060 | 1,068 | |
Novelis Corp. 4.75% 20302 | 200 | 206 | |
NRG Energy, Inc. 3.375% 20292 | 155 | 152 | |
NRG Energy, Inc. 3.625% 20312 | 155 | 151 | |
Oasis Midstream Partners LP / OMP Finance Corp. 8.00% 20292 | 185 | 190 | |
Occidental Petroleum Corp. 2.70% 2023 | 230 | 230 | |
Occidental Petroleum Corp. 5.875% 2025 | 240 | 257 | |
Occidental Petroleum Corp. 6.375% 2028 | 234 | 257 | |
Occidental Petroleum Corp. 6.125% 2031 | 50 | 55 | |
State of Ohio, Turnpike and Infrastructure Commission, Turnpike Rev. Ref. Bonds (Infrastructure Projects), Series 2020-A, 3.216% 2048 | 1,410 | 1,414 | |
ONEOK, Inc. 6.35% 2031 | 31 | 39 |
American Funds Insurance Series — Capital World Bond Fund — Page 166 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
ONEOK, Inc. 4.95% 2047 | $111 | $116 | |
ONEOK, Inc. 5.20% 2048 | 1,378 | 1,510 | |
ONEOK, Inc. 4.45% 2049 | 1,967 | 1,965 | |
ONEOK, Inc. 7.15% 2051 | 355 | 480 | |
Oracle Corp. 2.65% 2026 | 2,327 | 2,444 | |
Oracle Corp. 3.25% 2027 | 1,880 | 2,020 | |
Oracle Corp. 3.60% 2050 | 980 | 951 | |
Oracle Corp. 3.95% 2051 | 122 | 126 | |
OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20592,4,6 | 601 | 607 | |
Oversea-Chinese Banking Corp. Ltd. 1.832% 2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.58% on 9/10/2025)1,2 | 1,416 | 1,405 | |
Owens & Minor, Inc. 4.375% 2024 | 425 | 440 | |
Owens & Minor, Inc. 4.50% 20292 | 135 | 136 | |
Pacific Gas and Electric Co. 2.95% 2026 | 590 | 609 | |
Pacific Gas and Electric Co. 2.10% 2027 | 9,935 | 9,741 | |
Pacific Gas and Electric Co. 3.30% 2027 | 659 | 688 | |
Pacific Gas and Electric Co. 4.65% 2028 | 542 | 597 | |
Pacific Gas and Electric Co. 4.55% 2030 | 783 | 850 | |
Pacific Gas and Electric Co. 3.25% 2031 | 975 | 973 | |
Pacific Gas and Electric Co. 3.30% 2040 | 6,850 | 6,222 | |
Pacific Gas and Electric Co. 3.50% 2050 | 931 | 811 | |
Pakistan (Islamic Republic of) 5.50% 20212 | 3,535 | 3,578 | |
Panama (Republic of) 3.75% 20262 | 1,440 | 1,549 | |
Panther BF Aggregator 2, LP 6.25% 20262 | 55 | 58 | |
Panther BF Aggregator 2, LP 8.50% 20272 | 200 | 216 | |
Paraguay (Republic of) 4.625% 2023 | 947 | 999 | |
Paraguay (Republic of) 5.00% 2026 | 235 | 266 | |
Paraguay (Republic of) 4.70% 20272 | 350 | 392 | |
Paraguay (Republic of) 5.60% 20482 | 2,340 | 2,671 | |
Paraguay (Republic of) 5.40% 20502 | 1,510 | 1,709 | |
Park River Holdings, Inc. 5.625% 20292 | 50 | 49 | |
Party City Holdings Inc. 8.75% 20262 | 175 | 181 | |
PayPal Holdings, Inc. 2.30% 2030 | 541 | 537 | |
Peabody Energy Corp. 8.50% 20242,7 | 97 | 41 | |
Peru (Republic of) 2.392% 2026 | 500 | 516 | |
Petrobras Global Finance Co. 6.75% 2050 | 1,370 | 1,465 | |
Petróleos Mexicanos 6.875% 20252 | 1,340 | 1,453 | |
Petróleos Mexicanos 6.875% 2026 | 4,260 | 4,568 | |
Petróleos Mexicanos 7.69% 2050 | 250 | 232 | |
Petróleos Mexicanos 6.95% 2060 | 201 | 173 | |
PETRONAS Capital Ltd. 3.50% 20302 | 605 | 648 | |
PG&E Corp. 5.00% 2028 | 220 | 233 | |
PG&E Corp. 5.25% 2030 | 125 | 133 | |
Philip Morris International Inc. 2.10% 2030 | 634 | 612 | |
PIC AU Holdings Corp. / PIC AU Holdings LLC 10.00% 20242 | 47 | 43 | |
Pioneer Natural Resources Company 1.90% 2030 | 598 | 555 | |
Plains All American Pipeline, LP 3.80% 2030 | 352 | 359 | |
Playtika Holding Corp. 4.25% 20292 | 175 | 173 | |
Post Holdings, Inc. 4.625% 20302 | 579 | 581 | |
Power Financial Corp. Ltd. 3.35% 2031 | 1,870 | 1,827 | |
PowerTeam Services, LLC 9.033% 20252 | 100 | 110 | |
Prestige Brands International Inc. 3.75% 20312 | 90 | 86 | |
Prime Healthcare Services, Inc. 7.25% 20252 | 140 | 150 | |
Prime Security Services Borrower, LLC 3.375% 20272 | 160 | 155 | |
Procter & Gamble Company 3.00% 2030 | 338 | 364 |
American Funds Insurance Series — Capital World Bond Fund — Page 167 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Progress Energy, Inc. 7.75% 2031 | $150 | $210 | |
PT Indonesia Asahan Aluminium Tbk 5.23% 20212 | 555 | 571 | |
PT Indonesia Asahan Aluminium Tbk 5.45% 20302 | 500 | 569 | |
PTT Exploration and Production PCL 2.587% 20272 | 200 | 206 | |
Public Service Electric and Gas Co. 2.05% 2050 | 415 | 335 | |
Puget Energy, Inc. 6.00% 2021 | 1,023 | 1,046 | |
Puget Energy, Inc. 5.625% 2022 | 480 | 505 | |
Qatar (State of) 3.875% 20232 | 475 | 507 | |
Qatar (State of) 3.40% 20252 | 4,805 | 5,228 | |
Qatar (State of) 4.50% 20282 | 1,285 | 1,501 | |
Qatar (State of) 5.103% 20482 | 530 | 672 | |
Rabobank Nederland 4.625% 2023 | 2,180 | 2,390 | |
Radiology Partners, Inc. 9.25% 20282 | 410 | 447 | |
Range Resources Corp. 8.25% 20292 | 55 | 59 | |
Rattler Midstream Partners LP 5.625% 20252 | 220 | 230 | |
Rayonier A.M. Products Inc. 7.625% 20262 | 40 | 43 | |
Real Hero Merger Sub 2, Inc. 6.25% 20292 | 25 | 26 | |
Realogy Corp. 5.75% 20292 | 235 | 232 | |
Reynolds American Inc. 4.45% 2025 | 2,115 | 2,348 | |
RHP Hotel Properties LP / RHP Finance Corp. 4.50% 20292 | 60 | 60 | |
Rocket Software, Inc. 6.50% 20292 | 175 | 177 | |
Roper Technologies, Inc. 1.00% 2025 | 2,210 | 2,174 | |
Royal Bank of Canada 0.875% 2026 | 4,660 | 4,578 | |
Royal Caribbean Cruises Ltd. 11.50% 20252 | 95 | 111 | |
RP Escrow Issuer, LLC 5.25% 20252 | 75 | 78 | |
Russian Federation 4.25% 2027 | 1,400 | 1,535 | |
Sabine Pass Liquefaction, LLC 4.50% 2030 | 88 | 99 | |
Santander Holdings USA, Inc. 3.244% 2026 | 3,750 | 3,970 | |
Saudi Arabia (Kingdom of) 2.894% 20222 | 1,900 | 1,949 | |
Saudi Arabia (Kingdom of) 2.90% 2025 | 2,000 | 2,124 | |
Saudi Arabia (Kingdom of) 3.628% 20272 | 1,900 | 2,084 | |
Saudi Arabia (Kingdom of) 3.625% 20282 | 3,840 | 4,181 | |
Saudi Arabian Oil Co. 1.625% 20252 | 430 | 433 | |
Scentre Group 3.50% 20252 | 210 | 223 | |
Scentre Group 3.75% 20272 | 110 | 118 | |
Scientific Games Corp. 5.00% 20252 | 539 | 559 | |
Scientific Games Corp. 8.25% 20262 | 525 | 564 | |
Scientific Games Corp. 7.25% 20292 | 160 | 174 | |
Sensata Technologies Holding BV 4.00% 20292 | 550 | 561 | |
Service Properties Trust 5.50% 2027 | 85 | 90 | |
ServiceNow, Inc. 1.40% 2030 | 1,830 | 1,656 | |
Simmons Foods Inc. 4.625% 20292 | 105 | 106 | |
Sinclair Television Group, Inc. 5.125% 20272 | 155 | 152 | |
Sinclair Television Group, Inc. 4.125% 20302 | 230 | 222 | |
Six Flags Entertainment Corp. 4.875% 20242 | 230 | 233 | |
Sizzling Platter LLC 8.50% 20252 | 200 | 199 | |
SK hynix, Inc. 1.50% 20262 | 1,343 | 1,323 | |
Skandinaviska Enskilda Banken AB 2.80% 2022 | 2,100 | 2,149 | |
SkyMiles IP Ltd. 4.75% 20282 | 210 | 229 | |
Southern California Edison Co. 2.85% 2029 | 200 | 203 | |
Southwestern Energy Co. 6.45% 20251 | 200 | 215 | |
Southwestern Energy Co. 7.50% 2026 | 75 | 79 | |
Southwestern Energy Co. 7.75% 2027 | 25 | 27 | |
Southwestern Energy Co. 8.375% 2028 | 60 | 66 | |
Specialty Building Products Holdings LLC 6.375% 20262 | 25 | 26 |
American Funds Insurance Series — Capital World Bond Fund — Page 168 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Springleaf Finance Corp. 6.125% 2024 | $650 | $703 | |
Sprint Corp. 7.625% 2026 | 180 | 221 | |
Sprint Corp. 6.875% 2028 | 980 | 1,238 | |
Sri Lanka (Democratic Socialist Republic of) 6.25% 2021 | 5,574 | 5,395 | |
Sri Lanka (Democratic Socialist Republic of) 5.75% 2022 | 6,554 | 5,775 | |
Sri Lanka (Democratic Socialist Republic of) 5.75% 2023 | 2,890 | 1,987 | |
State Grid Overseas Investment Ltd. 3.50% 20272 | 5,600 | 6,102 | |
Statoil ASA 3.70% 2024 | 1,950 | 2,121 | |
Statoil ASA 4.25% 2041 | 1,000 | 1,130 | |
Stericycle, Inc. 3.875% 20292 | 65 | 64 | |
Studio City Finance Ltd. 5.00% 20292 | 200 | 201 | |
Summit Materials, Inc. 6.50% 20272 | 210 | 221 | |
Sunoco Logistics Operating Partners, LP 4.00% 2027 | 1,490 | 1,603 | |
Sunoco LP 5.50% 2026 | 210 | 216 | |
Sunoco LP 4.50% 20292 | 220 | 220 | |
Superior Plus LP And Superior General Partner Inc. 4.50% 20292 | 150 | 152 | |
Surgery Center Holdings 10.00% 20272 | 210 | 232 | |
Swiss Re Finance (Luxembourg) SA 5.00% 2049 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.582% on 4/2/2029)1,2 | 800 | 909 | |
Synaptics Inc. 4.00% 20292 | 100 | 99 | |
Syneos Health, Inc. 3.625% 20292 | 45 | 44 | |
Talen Energy Corp. 10.50% 20262 | 225 | 202 | |
Talen Energy Corp. 7.25% 20272 | 510 | 522 | |
Talen Energy Supply, LLC 7.625% 20282 | 70 | 71 | |
Targa Resources Partners LP 5.875% 2026 | 125 | 131 | |
Targa Resources Partners LP 5.50% 2030 | 230 | 242 | |
Targa Resources Partners LP 4.875% 20312 | 90 | 91 | |
Teekay Offshore Partners LP 8.50% 20232 | 550 | 499 | |
TEGNA Inc. 4.75% 20262 | 100 | 106 | |
Tempur Sealy International, Inc. 4.00% 20292 | 125 | 125 | |
Tencent Holdings Ltd. 3.24% 20502 | 7,950 | 7,340 | |
Tencent Music Entertainment Group 2.00% 2030 | 610 | 569 | |
Tenet Healthcare Corp. 4.875% 20262 | 865 | 900 | |
Teva Pharmaceutical Finance Co. BV 2.20% 2021 | 71 | 71 | |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 4,361 | 4,347 | |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 4,600 | 4,910 | |
Teva Pharmaceutical Finance Co. BV 7.125% 2025 | 3,910 | 4,327 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 2,900 | 2,777 | |
State of Texas, Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 2052 | 1,780 | 1,791 | |
The Home Company Inc. 7.25% 20252 | 290 | 301 | |
Thermo Fisher Scientific Inc. 4.133% 2025 | 1,170 | 1,300 | |
T-Mobile US, Inc. 2.625% 2026 | 150 | 153 | |
T-Mobile US, Inc. 2.625% 2029 | 75 | 73 | |
T-Mobile US, Inc. 2.55% 20312 | 9,390 | 9,211 | |
Toronto-Dominion Bank 1.15% 2025 | 7,000 | 7,009 | |
Total Capital International 3.127% 2050 | 804 | 759 | |
Total Play Telecomunicaciones, SA de CV, 7.50% 20252 | 230 | 230 | |
Toyota Motor Credit Corp. 2.90% 2023 | 1,360 | 1,427 | |
Toyota Motor Credit Corp. 1.80% 2025 | 8,000 | 8,224 | |
Toyota Motor Credit Corp. 3.00% 2025 | 1,360 | 1,456 | |
Toyota Motor Credit Corp. 3.375% 2030 | 453 | 492 | |
TransCanada PipeLines Ltd. 4.10% 2030 | 1,342 | 1,498 | |
TransDigm Inc. 6.25% 20262 | 204 | 217 | |
TransDigm Inc. 5.50% 2027 | 65 | 67 |
American Funds Insurance Series — Capital World Bond Fund — Page 169 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
TransDigm Inc. 4.625% 20292 | $115 | $114 | |
Transocean Guardian Ltd. 5.875% 20242 | 40 | 35 | |
Transocean Inc. 6.125% 20252 | 87 | 82 | |
Transocean Poseidon Ltd. 6.875% 20272 | 130 | 120 | |
Travelport Finance Luxembourg SARL, Term Loan, (3-month USD-LIBOR + 8.00%) 9.00% 2025 (72.22% PIK)5,6,7 | 1 | 1 | |
Trilogy International Partners, LLC 8.875% 20222 | 1,585 | 1,543 | |
Triton Water Holdings, Inc. 6.25% 20292 | 145 | 148 | |
Trivium Packaging BV 8.50% 20272 | 200 | 217 | |
Truck Hero Inc., Term Loan-B, (3-month USD-LIBOR + 3.75%) 4.50% 20285,6 | 25 | 25 | |
TTM Technologies, Inc. 4.00% 20292 | 275 | 272 | |
Turkey (Republic of) 6.25% 2022 | 1,880 | 1,912 | |
Turkey (Republic of) 5.75% 2024 | 2,500 | 2,482 | |
Turkey (Republic of) 6.35% 2024 | 2,220 | 2,232 | |
U.S. Treasury 0.125% 2022 | 12,340 | 12,339 | |
U.S. Treasury 0.125% 202311 | 24,000 | 23,989 | |
U.S. Treasury 2.625% 2023 | 6,900 | 7,225 | |
U.S. Treasury 1.875% 2024 | 4,515 | 4,729 | |
U.S. Treasury 2.75% 2025 | 10,140 | 11,004 | |
U.S. Treasury 2.875% 2025 | 5,400 | 5,905 | |
U.S. Treasury 0.50% 2026 | 7,453 | 7,308 | |
U.S. Treasury 0.625% 203011 | 11,600 | 10,563 | |
U.S. Treasury 1.125% 204011 | 9,170 | 7,497 | |
U.S. Treasury 1.875% 204111 | 11,480 | 10,701 | |
U.S. Treasury 2.75% 2047 | 1,625 | 1,741 | |
U.S. Treasury 3.00% 2048 | 5,045 | 5,674 | |
U.S. Treasury 1.625% 205011 | 6,290 | 5,250 | |
U.S. Treasury Inflation-Protected Security 0.125% 20213 | 3,355 | 3,363 | |
U.S. Treasury Inflation-Protected Security 0.25% 20503 | 305 | 320 | |
U.S. Treasury Inflation-Protected Security 0.125% 20513 | 5,324 | 5,387 | |
Uber Technologies, Inc. 8.00% 20262 | 300 | 325 | |
UBS Group AG 1.008% 2024 (5-year UST Yield Curve Rate T Note Constant Maturity + 0.83% on 7/30/2023)1,2 | 1,950 | 1,962 | |
UKG Inc., Term Loan-B, (3-month USD-LIBOR + 3.25%) 4.00% 20265,6 | 318 | 319 | |
UniCredit SpA 3.75% 20222 | 1,750 | 1,802 | |
UniCredit SpA 4.625% 20272 | 5,825 | 6,560 | |
Uniform Mortgage-Backed Security 1.50% 20364,12 | 12,937 | 12,976 | |
Uniform Mortgage-Backed Security 2.00% 20514,12 | 8,844 | 8,794 | |
Uniform Mortgage-Backed Security 2.00% 20514,12 | 1,158 | 1,154 | |
Unisys Corp. 6.875% 20272 | 50 | 55 | |
United Airlines, Pass Through Trust , Series 2020-1, Class B, 4.875% 2027 | 92 | 97 | |
United Airlines Holdings, Inc. 6.50% 20272 | 290 | 318 | |
United Mexican States 3.25% 2030 | 2,685 | 2,714 | |
United Natural Foods, Inc. 6.75% 20282 | 175 | 187 | |
United Rentals, Inc. 5.25% 2030 | 150 | 163 | |
United Technologies Corp. 4.125% 2028 | 1,900 | 2,141 | |
United Wholesale Mortgage, LLC 5.50% 20292 | 150 | 150 | |
Univision Communications Inc. 6.625% 20272 | 220 | 235 | |
Vale Overseas Ltd. 3.75% 2030 | 1,873 | 1,958 | |
Valeant Pharmaceuticals International, Inc. 6.125% 20252 | 800 | 821 | |
Valvoline Inc. 3.625% 20312 | 210 | 203 | |
Venator Materials Corp. 5.75% 20252 | 590 | 574 | |
Venator Materials Corp. 9.50% 20252 | 420 | 471 | |
Veritas Holdings Ltd. 10.50% 20242 | 200 | 205 | |
Veritas Holdings Ltd. 7.50% 20252 | 285 | 296 |
American Funds Insurance Series — Capital World Bond Fund — Page 170 of 240
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Verizon Communications Inc. 0.85% 2025 | $4,480 | $4,387 | |
Verizon Communications Inc. 3.15% 2030 | 575 | 607 | |
Verizon Communications Inc. 2.55% 2031 | 2,100 | 2,100 | |
Verizon Communications Inc. 3.40% 2041 | 3,460 | 3,518 | |
Vertical Holdco GMBH 7.625% 20282 | 200 | 215 | |
Vertical U.S. Newco Inc. 5.25% 20272 | 225 | 236 | |
VICI Properties LP 4.25% 20262 | 175 | 179 | |
VICI Properties LP 4.625% 20292 | 45 | 47 | |
VICI Properties LP / VICI Note Co. Inc. 3.50% 20252 | 110 | 112 | |
VICI Properties LP / VICI Note Co. Inc. 4.125% 20302 | 250 | 252 | |
Vine Oil & Gas LP 8.75% 20232 | 175 | 187 | |
Virgin Media O2 4.25% 20312 | 275 | 268 | |
Virtusa Corp., Term Loan-B, (3-month USD-LIBOR + 4.25%) 5.00% 20285,6 | 25 | 25 | |
Volkswagen Group of America Finance, LLC 4.00% 20212 | 1,900 | 1,942 | |
Volkswagen Group of America Finance, LLC 4.625% 20252 | 1,280 | 1,448 | |
Walt Disney Company 2.65% 2031 | 5,520 | 5,642 | |
Warner Music Group 3.875% 20302 | 210 | 212 | |
WEA Finance LLC 3.75% 20242 | 535 | 567 | |
Weatherford International PLC 8.75% 20242 | 150 | 157 | |
Weatherford International PLC 11.00% 20242 | 100 | 96 | |
Wells Fargo & Company 2.393% 2028 (USD-SOFR + 2.10% on 6/2/2027)1 | 7,375 | 7,563 | |
WESCO Distribution, Inc. 7.125% 20252 | 195 | 213 | |
WESCO Distribution, Inc. 7.25% 20282 | 215 | 240 | |
Western Gas Partners LP 4.50% 2028 | 230 | 240 | |
Western Global Airlines LLC 10.375% 20252 | 80 | 90 | |
Western Midstream Operating, LP 4.35% 20251 | 155 | 161 | |
Western Midstream Operating, LP 4.75% 2028 | 70 | 73 | |
Westfield Corp. Ltd. 3.15% 20222 | 245 | 250 | |
Westpac Banking Corp. 2.894% 2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.35% on 2/4/2025)1 | 2,900 | 2,991 | |
Williams Companies, Inc. 3.50% 2030 | 1,024 | 1,087 | |
Williams Partners LP 4.30% 2024 | 820 | 893 | |
Wyndham Worldwide Corp. 4.375% 20282 | 230 | 233 | |
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 20232 | 228 | 234 | |
Wynn Resorts Ltd. 7.75% 20252 | 180 | 195 | |
Xcel Energy Inc. 3.35% 2026 | 2,581 | 2,799 | |
Xerox Corp. 5.50% 20282 | 450 | 467 | |
Ziggo Bond Co. BV 5.125% 20302 | 200 | 205 | |
Ziggo Bond Finance BV 5.50% 20272 | 364 | 380 | |
Ziggo Bond Finance BV 4.875% 20302 | 300 | 307 | |
Zimmer Holdings, Inc. 3.15% 2022 | 790 | 807 | |
829,038 | |||
Total bonds, notes & other debt instruments (cost: $2,031,879,000) | 2,071,551 | ||
Preferred securities 0.00% U.S. dollars 0.00% | Shares | ||
ACR III LSC Holdings LLC, Series B, preferred shares2,9,10,13 | 48 | 33 | |
Total preferred securities (cost: $49,000) | 33 |
American Funds Insurance Series — Capital World Bond Fund — Page 171 of 240
unaudited
Common stocks 0.13% U.S. dollars 0.13% | Shares | Value (000) | |
Associated Materials Group Inc.9,10,13 | 174,911 | $1,333 | |
Chesapeake Energy Corp.13 | 17,634 | 765 | |
Weatherford International13 | 29,931 | 381 | |
Oasis Petroleum Inc. | 4,367 | 259 | |
Advanz Pharma Corp. Ltd.13,14 | 9,130 | 155 | |
Advanz Pharma Corp. Ltd.13 | 6,028 | 103 | |
McDermott International, Ltd.13 | 4,287 | 4 | |
Jonah Energy Parent LLC9,10,13 | 130 | 2 | |
Total common stocks (cost: $3,293,000) | 3,002 | ||
Rights & warrants 0.01% U.S. dollars 0.01% | |||
Chesapeake Energy Corp., Class B, warrants, expire 202613 | 3,369 | 66 | |
Chesapeake Energy Corp., Class A, warrants, expire 202613 | 3,032 | 53 | |
Chesapeake Energy Corp., Class C, warrants, expire 202613 | 2,543 | 43 | |
Sable Permian Resources, LLC, Class A, warrants, expire 20249,10,13 | 531 | —15 | |
Total rights & warrants (cost: $324,000) | 162 | ||
Short-term securities 10.58% Bills & notes of governments & government agencies outside the U.S. 0.38% | Weighted average yield at acquisition | Principal amount (000) | |
Egyptian Treasury 1/18/2022 | 11.246% | EGP82,900 | 4,766 |
Egyptian Treasury 7/6/2021 | 11.715 | 66,000 | 4,058 |
8,824 | |||
Money market investments 10.20% | Shares | ||
Capital Group Central Cash Fund 0.08%16,17 | 2,346,217 | 234,645 | |
Total short-term securities (cost: $243,517,000) | 243,469 | ||
Total investment securities 100.78% (cost: $2,279,062,000) | 2,318,217 | ||
Other assets less liabilities (0.78)% | (17,947) | ||
Net assets 100.00% | $2,300,270 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount18 (000) | Value at 3/31/202119 (000) | Unrealized appreciation (depreciation) at 3/31/2021 (000) |
90 Day Euro Dollar Futures | Short | 2,565 | September 2022 | $(641,250) | $(638,877) | $614 |
90 Day Euro Dollar Futures | Long | 2,747 | September 2023 | 686,750 | 679,677 | (1,153) |
5 Year U.S. Treasury Note Futures | Long | 887 | July 2021 | 88,700 | 109,454 | (812) |
10 Year Euro-Bund Futures | Long | 26 | June 2021 | €2,600 | 5,222 | (24) |
10 Year Italy Government Bond Futures | Short | 112 | June 2021 | (11,200) | (19,611) | (163) |
10 Year Japanese Government Bond Futures | Long | 36 | June 2021 | ¥3,600,000 | 49,147 | 76 |
10 Year U.S. Treasury Note Futures | Short | 172 | June 2021 | $(17,200) | (22,521) | 572 |
10 Year Ultra U.S. Treasury Note Futures | Short | 480 | June 2021 | (48,000) | (68,970) | 1,199 |
30 Year Euro-Buxl Futures | Long | 41 | June 2021 | €4,100 | 9,907 | (92) |
30 Year Ultra U.S. Treasury Bond Futures | Short | 81 | June 2021 | $(8,100) | (14,679) | 380 |
$597 |
American Funds Insurance Series — Capital World Bond Fund — Page 172 of 240
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Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 3/31/2021 (000) | |
Purchases (000) | Sales (000) | |||
USD722 | ZAR10,540 | Morgan Stanley | 4/6/2021 | $8 |
ZAR10,540 | USD713 | Morgan Stanley | 4/6/2021 | —15 |
MXN217,600 | USD10,646 | Goldman Sachs | 4/6/2021 | (7) |
USD3,873 | MXN79,450 | Bank of New York Mellon | 4/6/2021 | (12) |
USD6,471 | MXN138,150 | HSBC Bank | 4/6/2021 | (283) |
USD24,513 | AUD31,470 | HSBC Bank | 4/8/2021 | 609 |
NOK100,620 | EUR9,825 | HSBC Bank | 4/8/2021 | 240 |
USD3,753 | RUB277,038 | Citibank | 4/8/2021 | 93 |
USD5,918 | AUD7,720 | Goldman Sachs | 4/8/2021 | 54 |
USD2,305 | COP8,302,610 | Goldman Sachs | 4/8/2021 | 38 |
EUR13,600 | DKK101,160 | Morgan Stanley | 4/8/2021 | 2 |
AUD8,330 | USD6,452 | Bank of America | 4/8/2021 | (124) |
USD9,774 | MYR39,650 | Standard Chartered Bank | 4/9/2021 | 215 |
USD9,187 | JPY1,001,000 | HSBC Bank | 4/9/2021 | 145 |
USD7,359 | EUR6,170 | Standard Chartered Bank | 4/9/2021 | 122 |
USD12,440 | CNH81,000 | HSBC Bank | 4/9/2021 | 111 |
USD7,362 | EUR6,183 | JPMorgan Chase | 4/9/2021 | 110 |
CZK181,540 | EUR6,883 | Barclays Bank PLC | 4/9/2021 | 83 |
USD5,518 | JPY601,900 | JPMorgan Chase | 4/9/2021 | 81 |
USD4,145 | EUR3,480 | JPMorgan Chase | 4/9/2021 | 63 |
USD5,507 | JPY604,300 | Bank of America | 4/9/2021 | 49 |
USD6,193 | CZK136,930 | UBS AG | 4/9/2021 | 41 |
USD2,306 | JPY250,730 | HSBC Bank | 4/9/2021 | 41 |
USD6,675 | ILS22,180 | Bank of America | 4/9/2021 | 40 |
USD2,068 | JPY224,580 | Morgan Stanley | 4/9/2021 | 40 |
USD2,290 | EUR1,931 | HSBC Bank | 4/9/2021 | 26 |
USD5,025 | JPY553,930 | Bank of America | 4/9/2021 | 21 |
USD4,601 | CNH30,180 | HSBC Bank | 4/9/2021 | 7 |
EUR10,124 | DKK75,300 | Standard Chartered Bank | 4/9/2021 | 2 |
NOK35,720 | USD4,178 | Bank of America | 4/9/2021 | (2) |
CHF800 | USD859 | Bank of America | 4/9/2021 | (13) |
MYR17,970 | USD4,351 | Standard Chartered Bank | 4/9/2021 | (19) |
MYR11,500 | USD2,796 | Standard Chartered Bank | 4/9/2021 | (24) |
EUR2,920 | USD3,454 | Morgan Stanley | 4/9/2021 | (29) |
EUR7,250 | USD8,556 | Goldman Sachs | 4/9/2021 | (52) |
THB70,300 | USD2,301 | Bank of America | 4/9/2021 | (52) |
EUR2,520 | USD3,015 | Standard Chartered Bank | 4/9/2021 | (60) |
SEK23,400 | USD2,743 | JPMorgan Chase | 4/9/2021 | (63) |
PLN12,600 | USD3,266 | Goldman Sachs | 4/9/2021 | (78) |
JPY801,420 | USD7,380 | Goldman Sachs | 4/9/2021 | (141) |
EUR52,790 | USD62,934 | UBS AG | 4/9/2021 | (1,016) |
JPY11,800,150 | USD109,079 | Citibank | 4/9/2021 | (2,497) |
USD3,632 | NZD5,070 | Standard Chartered Bank | 4/12/2021 | 91 |
TRY47,390 | USD6,131 | Goldman Sachs | 4/12/2021 | (443) |
TRY48,060 | USD6,490 | Barclays Bank PLC | 4/12/2021 | (722) |
KRW24,693,200 | USD21,688 | Standard Chartered Bank | 4/13/2021 | 129 |
IDR29,732,720 | USD2,045 | Citibank | 4/13/2021 | —15 |
USD3,352 | CLP2,403,770 | Standard Chartered Bank | 4/16/2021 | 15 |
USD3,916 | CLP2,855,090 | Goldman Sachs | 4/16/2021 | (48) |
USD14,019 | AUD18,090 | Bank of New York Mellon | 4/19/2021 | 278 |
USD7,862 | DKK49,050 | HSBC Bank | 4/19/2021 | 127 |
American Funds Insurance Series — Capital World Bond Fund — Page 173 of 240
unaudited
Forward currency contracts (continued)
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 3/31/2021 (000) | |
Purchases (000) | Sales (000) | |||
USD1,476 | INR107,750 | UBS AG | 4/19/2021 | $6 |
INR84,290 | USD1,155 | Goldman Sachs | 4/19/2021 | (5) |
USD2,350 | MXN48,750 | Goldman Sachs | 4/19/2021 | (31) |
CNH65,480 | USD10,045 | HSBC Bank | 4/19/2021 | (85) |
USD10,584 | NZD14,740 | UBS AG | 4/22/2021 | 290 |
NZD3,000 | USD2,092 | Bank of New York Mellon | 4/22/2021 | 3 |
NZD1,900 | USD1,326 | Goldman Sachs | 4/22/2021 | 1 |
NZD1,200 | USD842 | Goldman Sachs | 4/22/2021 | (4) |
USD2,756 | COP9,900,870 | HSBC Bank | 4/23/2021 | 53 |
USD2,541 | COP9,274,460 | Citibank | 4/23/2021 | 9 |
USD3,684 | GBP2,670 | Standard Chartered Bank | 4/26/2021 | 3 |
CAD8,520 | USD6,786 | Goldman Sachs | 4/26/2021 | (6) |
USD1,817 | TRY15,280 | Bank of America | 5/5/2021 | 14 |
TRY31,420 | USD4,246 | Goldman Sachs | 5/5/2021 | (539) |
USD10,611 | MXN217,600 | Goldman Sachs | 5/6/2021 | 7 |
USD710 | ZAR10,540 | Morgan Stanley | 5/6/2021 | —15 |
USD2,953 | RUB225,278 | JPMorgan Chase | 5/7/2021 | (12) |
USD6,715 | KRW7,635,000 | Standard Chartered Bank | 5/17/2021 | (31) |
KRW7,635,000 | USD6,905 | UBS AG | 5/17/2021 | (160) |
USD5,379 | GBP3,880 | Standard Chartered Bank | 5/19/2021 | 30 |
GBP6,650 | USD9,405 | Goldman Sachs | 5/19/2021 | (236) |
USD10,776 | MYR43,700 | HSBC Bank | 5/24/2021 | 256 |
USD6,999 | BRL38,280 | Citibank | 5/24/2021 | 223 |
USD2,911 | TRY25,800 | JPMorgan Chase | 5/25/2021 | (97) |
TRY25,800 | USD3,463 | Morgan Stanley | 5/25/2021 | (455) |
CAD4,309 | USD3,471 | Bank of America | 6/17/2021 | (41) |
CAD6,620 | USD5,321 | Standard Chartered Bank | 6/17/2021 | (53) |
USD3,011 | MXN62,580 | Standard Chartered Bank | 6/22/2021 | (23) |
USD4,824 | EUR4,100 | Citibank | 7/1/2021 | 7 |
USD22,038 | BRL120,700 | Standard Chartered Bank | 10/1/2021 | 956 |
USD16,506 | BRL90,140 | HSBC Bank | 10/1/2021 | 762 |
$(1,962) |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized appreciation (depreciation) at 3/31/2021 (000) |
3-month AUD-BBSW | 0.29% | 3/4/2024 | A$40,180 | $39 | $— | $39 |
0.3653% | 3-month USD-LIBOR | 3/5/2024 | $31,110 | (106) | — | (106) |
(0.03625)% | 6-month JPY-LIBOR | 3/16/2024 | ¥4,998,150 | (19) | — | (19) |
(0.454)% | 6-month EURIBOR | 4/1/2024 | €45,160 | 8 | — | 8 |
(0.4545)% | 6-month EURIBOR | 4/1/2024 | 45,160 | 8 | — | 8 |
3-month SEK-STIBOR | 0.175% | 2/9/2026 | SKr56,800 | 40 | — | 40 |
3-month SEK-STIBOR | 0.179% | 2/9/2026 | 28,400 | 19 | — | 19 |
3-month SEK-STIBOR | 0.185% | 2/11/2026 | 28,500 | 19 | — | 19 |
3-month SEK-STIBOR | 0.189% | 2/11/2026 | 28,500 | 18 | — | 18 |
0.0079% | 6-month JPY-LIBOR | 4/8/2030 | ¥1,620,000 | (153) | 30 | (183) |
American Funds Insurance Series — Capital World Bond Fund — Page 174 of 240
unaudited
Swap contracts (continued)
Interest rate swaps (continued)
Receive | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized appreciation (depreciation) at 3/31/2021 (000) |
1.72375% | 6-month AUD-BBSW | 3/4/2031 | A$13,180 | $(104) | $— | $(104) |
3-month USD-LIBOR | 1.4822% | 3/5/2031 | $9,970 | 274 | — | 274 |
6-month JPY-LIBOR | 0.5675% | 3/16/2051 | ¥538,200 | —15 | — | —15 |
6-month EURIBOR | 0.5082% | 4/1/2051 | €4,790 | (53) | — | (53) |
6-month EURIBOR | 0.5092% | 4/1/2051 | 4,790 | (55) | — | (55) |
$30 | $(95) |
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium (received) paid (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
CDX.NA.HY.35 | 5.00%/Quarterly | 12/20/2025 | $3,019 | $(274) | $(251) | $(23) |
CDX.EM.35 | 1.00%/Quarterly | 6/20/2026 | 18,700 | 782 | 652 | 130 |
CDX.NA.HY.36 | 5.00%/Quarterly | 6/20/2026 | 11,502 | (1,026) | (1,001) | (25) |
ITRXEUR.IG.35 | 1.00%/Quarterly | 6/20/2026 | 23,100 | (673) | (636) | (37) |
$(1,236) | $45 |
Centrally cleared credit default swaps on credit indices — sell protection
Receive/ Payment frequency | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized appreciation at 3/31/2021 (000) |
1.00%/Quarterly | CDX.NA.IG.35 | 12/20/2025 | $47,139 | $1,127 | $1,056 | $71 |
1.00%/Quarterly | CDX.NA.IG.36 | 6/20/2026 | 51,951 | 1,214 | 1,125 | 89 |
$2,181 | $160 |
Investments in affiliates17
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliate at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 10.20% | |||||||
Money market investments 10.20% | |||||||
Capital Group Central Cash Fund 0.08%16 | $147,017 | $326,543 | $238,915 | $—15 | $—15 | $234,645 | $57 |
American Funds Insurance Series — Capital World Bond Fund — Page 175 of 240
unaudited
1 | Step bond; coupon rate may change at a later date. |
2 | Acquired in a transaction exempt from registration under Rule 144A 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 $259,258,000, which represented 11.27% of the net assets of the fund. |
3 | Index-linked bond whose principal amount moves with a government price index. |
4 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
5 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $1,233,000, which represented .05% of the net assets of the fund. |
6 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
7 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Most recent payment was 100% cash unless otherwise noted. |
8 | Scheduled interest and/or principal payment was not received. |
9 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $1,391,000, which represented .06% of the net assets of the fund. |
10 | Value determined using significant unobservable inputs. |
11 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $12,845,000, which represented .56% of the net assets of the fund. |
12 | Purchased on a TBA basis. |
13 | Security did not produce income during the last 12 months. |
14 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on this holding appear below. |
15 | Amount less than one thousand. |
16 | Rate represents the seven-day yield at 3/31/2021. |
17 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
18 | Notional amount is calculated based on the number of contracts and notional contract size. |
19 | Value is calculated based on the notional amount and current market price. |
Private placement security | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Advanz Pharma Corp. Ltd. | 8/31/2018 | $116 | $155 | .01% |
Key to abbreviations and symbols | |
AUD/A$ = Australian dollars | LIBOR = London Interbank Offered Rate |
BBSW = Bank Bill Swap Rate | MXN = Mexican pesos |
BRL = Brazilian reais | MYR = Malaysian ringgits |
CAD/C$ = Canadian dollars | NOK/NKr = Norwegian kroner |
CHF = Swiss francs | NZD/NZ$ = New Zealand dollars |
CLP = Chilean pesos | PEN = Peruvian nuevos soles |
CNH/CNY = Chinese yuan renminbi | PLN = Polish zloty |
COP = Colombian pesos | Ref. = Refunding |
CZK = Czech korunas | Rev. = Revenue |
DKK/DKr = Danish kroner | RON = Romanian leu |
EGP = Egyptian pounds | RUB = Russian rubles |
EUR/€ = Euros | SEK/SKr = Swedish kronor |
EURIBOR = Euro Interbank Offered Rate | SOFR = Secured Overnight Financing Rate |
GBP/£ = British pounds | STIBOR = Stockholm Interbank Offered Rate |
GHS = Ghanaian cedi | TBA = To-be-announced |
IDR = Indonesian rupiah | THB = Thai baht |
ILS = Israeli shekels | TRY = Turkish lira |
INR = Indian rupees | UAH = Ukrainian hryvnia |
JPY/¥ = Japanese yen | USD/$ = U.S. dollars |
KRW = South Korean won | ZAR = South African rand |
American Funds Insurance Series — Capital World Bond Fund — Page 176 of 240
unaudited
Bonds, notes & other debt instruments 88.00% Corporate bonds, notes & loans 87.88% Energy 13.94% | Principal amount (000) | Value (000) | |
Aethon United BR LP / Aethon United Finance Corp. 8.25% 20261 | $375 | $389 | |
Antero Resources Corp. 5.375% 2024 | 875 | 884 | |
Antero Resources Corp. 7.625% 20291 | 265 | 283 | |
Apache Corp. 4.625% 2025 | 770 | 794 | |
Apache Corp. 4.875% 2027 | 1,365 | 1,401 | |
Apache Corp. 4.375% 2028 | 794 | 793 | |
Apache Corp. 6.00% 2037 | 165 | 181 | |
Apache Corp. 5.10% 2040 | 795 | 779 | |
Apache Corp. 4.75% 2043 | 295 | 274 | |
Ascent Resources - Utica LLC 7.00% 20261 | 1,040 | 1,041 | |
Ascent Resources - Utica LLC 9.00% 20271 | 120 | 153 | |
Ascent Resources - Utica LLC 8.25% 20281 | 271 | 282 | |
Ascent Resources - Utica LLC, Term Loan, (3-month USD-LIBOR + 9.00%) 10.00% 20251,2,3 | 228 | 254 | |
Blue Racer Midstream LLC and Blue Racer Finance Corp. 7.625% 20251 | 676 | 730 | |
Bristow Group Inc. 6.875% 20281 | 375 | 374 | |
California Resources Corp. 7.125% 20261 | 530 | 540 | |
Carrizo Oil & Gas Inc. 6.25% 2023 | 750 | 669 | |
Cenovus Energy Inc. 5.375% 2025 | 445 | 500 | |
Cenovus Energy Inc. 5.40% 2047 | 400 | 446 | |
Centennial Resource Production, LLC 6.875% 20271 | 465 | 415 | |
Cheniere Energy Partners, LP 5.625% 2026 | 1,151 | 1,206 | |
Cheniere Energy Partners, LP 4.50% 2029 | 938 | 974 | |
Cheniere Energy Partners, LP 4.00% 20311 | 2,323 | 2,367 | |
Cheniere Energy, Inc. 7.00% 2024 | 319 | 367 | |
Cheniere Energy, Inc. 5.875% 2025 | 495 | 565 | |
Cheniere Energy, Inc. 4.625% 20281 | 5,396 | 5,611 | |
Chesapeake Energy Corp. 4.875% 20224 | 4,300 | 102 | |
Chesapeake Energy Corp. 5.50% 20261 | 1,185 | 1,236 | |
Chesapeake Energy Corp. 5.875% 20291 | 1,020 | 1,083 | |
CNX Resources Corp. 7.25% 20271 | 938 | 1,009 | |
CNX Resources Corp. 6.00% 20291 | 1,345 | 1,400 | |
Comstock Resources, Inc. 9.75% 2026 | 970 | 1,056 | |
Comstock Resources, Inc. 6.75% 20291 | 1,425 | 1,463 | |
Constellation Oil Services Holding SA 10.00% 2024 (100% PIK)1,5 | 7,784 | 2,199 | |
Continental Resources Inc. 5.75% 20311 | 655 | 741 | |
Convey Park Energy LLC 7.50% 20251 | 417 | 433 | |
Crestwood Midstream Partners LP 6.00% 20291 | 575 | 567 | |
DCP Midstream LP 7.375% 2049 (3-month USD-LIBOR + 5.148% on 12/15/2022)6 | 270 | 242 | |
Diamond Offshore Drilling, Inc. 7.875% 20254 | 508 | 89 | |
Diamond Offshore Drilling, Inc. 4.875% 20434 | 1,362 | 238 | |
Endeavor Energy Resources, LP 6.625% 20251 | 850 | 910 | |
Energean Israel Finance Ltd. 4.50% 20241 | 445 | 448 | |
Energean Israel Finance Ltd. 4.875% 20261 | 300 | 302 | |
Energean Israel Finance Ltd. 5.875% 20311 | 515 | 515 | |
Energy Transfer Operating, LP 5.00% 2050 | 2,501 | 2,593 |
American Funds Insurance Series — High-Income Bond Fund — Page 177 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
EnLink Midstream Partners, LLC 5.625% 20281 | $660 | $639 | |
EnLink Midstream Partners, LP 4.15% 2025 | 400 | 392 | |
EQM Midstream Partners, LP 4.75% 2023 | 400 | 416 | |
EQM Midstream Partners, LP 4.125% 2026 | 127 | 126 | |
EQM Midstream Partners, LP 6.50% 20271 | 2,365 | 2,575 | |
EQM Midstream Partners, LP 5.50% 2028 | 1,231 | 1,295 | |
EQM Midstream Partners, LP 4.50% 20291 | 835 | 815 | |
EQM Midstream Partners, LP 4.75% 20311 | 1,105 | 1,073 | |
EQT Corp. 7.625% 2025 (7.375% on 2/1/2025)6 | 630 | 726 | |
EQT Corp. 3.90% 2027 | 125 | 128 | |
EQT Corp. 5.00% 2029 | 480 | 515 | |
EQT Corp. 8.50% 20306 | 400 | 511 | |
Genesis Energy, LP 5.625% 2024 | 150 | 147 | |
Genesis Energy, LP 6.50% 2025 | 2,235 | 2,195 | |
Genesis Energy, LP 8.00% 2027 | 1,728 | 1,753 | |
Guara Norte SARL 5.198% 20341 | 603 | 592 | |
Harvest Midstream I, LP 7.50% 20281 | 1,757 | 1,893 | |
Hess Midstream Partners LP 5.125% 20281 | 687 | 696 | |
Hilcorp Energy I, LP 5.75% 20251 | 775 | 780 | |
Hilcorp Energy I, LP 5.75% 20291 | 615 | 622 | |
Hilcorp Energy I, LP 6.00% 20311 | 600 | 610 | |
Indigo Natural Resources LLC 5.375% 20291 | 470 | 464 | |
Lealand Finance Company BV, Term Loan, (3-month USD-LIBOR + 3.00%) 3.115% 20242,3 | 12 | 9 | |
Lealand Finance Company BV, Term Loan, (3-month USD-LIBOR + 4.00%) 4.11% 2025 (72.91% PIK)2,3,5 | 148 | 88 | |
Murphy Oil Corp. 6.875% 2024 | 1,000 | 1,024 | |
Murphy Oil Corp. 6.375% 2028 | 500 | 501 | |
Murphy Oil USA, Inc. 3.75% 20311 | 200 | 197 | |
Nabors Industries Inc. 5.75% 2025 | 355 | 264 | |
New Fortress Energy Inc. 6.75% 20251 | 740 | 761 | |
New Fortress Energy Inc. 6.50% 20261 | 2,385 | 2,409 | |
NGL Energy Operating LLC 7.50% 20261 | 6,905 | 7,108 | |
NGL Energy Partners LP 7.50% 2023 | 799 | 773 | |
NGL Energy Partners LP 6.125% 2025 | 3,049 | 2,597 | |
Northern Oil and Gas, Inc. 8.125% 20281 | 1,435 | 1,429 | |
Northriver Midstream Finance LP 5.625% 20261 | 625 | 651 | |
NuStar Logistics, LP 6.00% 2026 | 686 | 741 | |
Oasis Midstream Partners LP / OMP Finance Corp. 8.00% 20291 | 2,265 | 2,327 | |
Occidental Petroleum Corp. 2.70% 2023 | 275 | 275 | |
Occidental Petroleum Corp. 2.90% 2024 | 1,448 | 1,434 | |
Occidental Petroleum Corp. 5.875% 2025 | 710 | 760 | |
Occidental Petroleum Corp. 8.00% 2025 | 1,400 | 1,610 | |
Occidental Petroleum Corp. 3.40% 2026 | 600 | 583 | |
Occidental Petroleum Corp. 3.50% 2029 | 210 | 197 | |
Occidental Petroleum Corp. 6.625% 2030 | 810 | 911 | |
Occidental Petroleum Corp. 8.875% 2030 | 300 | 379 | |
Occidental Petroleum Corp. 6.125% 2031 | 480 | 531 | |
Occidental Petroleum Corp. 4.20% 2048 | 165 | 134 | |
PDC Energy Inc. 5.75% 2026 | 1,100 | 1,142 | |
Peabody Energy Corp. 8.50% 20241,5 | 750 | 315 | |
Peabody Energy Corp. 6.375% 20251 | 100 | 40 | |
Petrobras Global Finance Co. 5.60% 2031 | 250 | 264 | |
Petrobras Global Finance Co. 6.90% 2049 | 375 | 411 | |
Petrobras Global Finance Co. 6.75% 2050 | 850 | 909 | |
Petróleos Mexicanos 6.875% 20251 | 350 | 380 |
American Funds Insurance Series — High-Income Bond Fund — Page 178 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Petróleos Mexicanos 5.35% 2028 | $449 | $437 | |
Petróleos Mexicanos 7.69% 2050 | 651 | 603 | |
PIC AU Holdings Corp. / PIC AU Holdings LLC 10.00% 20241 | 427 | 394 | |
PowerTeam Services, LLC 9.033% 20251 | 560 | 619 | |
Range Resources Corp. 4.875% 2025 | 642 | 637 | |
Range Resources Corp. 8.25% 20291 | 850 | 911 | |
Rattler Midstream Partners LP 5.625% 20251 | 1,105 | 1,156 | |
Rockies Express Pipeline LLC 4.95% 20291 | 1,000 | 1,023 | |
Sabine Pass Liquefaction, LLC 4.50% 2030 | 256 | 288 | |
Sanchez Energy Corp. 7.25% 20231,4 | 739 | 5 | |
Southwestern Energy Co. 6.45% 20256 | 935 | 1,005 | |
Southwestern Energy Co. 7.50% 2026 | 1,649 | 1,747 | |
Southwestern Energy Co. 7.75% 2027 | 147 | 157 | |
Southwestern Energy Co. 8.375% 2028 | 865 | 951 | |
Sunoco LP 5.50% 2026 | 513 | 528 | |
Sunoco LP 6.00% 2027 | 147 | 154 | |
Sunoco LP 4.50% 20291 | 1,455 | 1,452 | |
Superior Plus LP And Superior General Partner Inc. 4.50% 20291 | 690 | 699 | |
Tallgrass Energy Partners, LP 5.50% 20241 | 662 | 673 | |
Tallgrass Energy Partners, LP 7.50% 20251 | 420 | 453 | |
Tapstone Energy, Term Loan, (3-month USD-LIBOR + 4.00%) 4.741% 20242,3,7,8 | 11 | 6 | |
Targa Resources Partners LP 5.875% 2026 | 321 | 337 | |
Targa Resources Partners LP 6.50% 2027 | 133 | 145 | |
Targa Resources Partners LP 6.875% 2029 | 115 | 127 | |
Targa Resources Partners LP 5.50% 2030 | 477 | 501 | |
Targa Resources Partners LP 4.875% 20311 | 2,000 | 2,030 | |
Targa Resources Partners LP 4.00% 20321 | 550 | 518 | |
Teekay Corp. 9.25% 20221 | 3,108 | 3,131 | |
Teekay Offshore Partners LP 8.50% 20231 | 2,009 | 1,823 | |
Transocean Guardian Ltd. 5.875% 20241 | 410 | 359 | |
Transocean Inc. 6.125% 20251 | 1,040 | 985 | |
Transocean Poseidon Ltd. 6.875% 20271 | 385 | 357 | |
USA Compression Partners, LP 6.875% 2026 | 264 | 271 | |
USA Compression Partners, LP 6.875% 2027 | 247 | 255 | |
Weatherford International PLC 8.75% 20241 | 1,971 | 2,066 | |
Weatherford International PLC 11.00% 20241 | 3,686 | 3,545 | |
Western Gas Partners LP 4.50% 2028 | 1,374 | 1,433 | |
Western Gas Partners LP 5.45% 2044 | 55 | 57 | |
Western Midstream Operating, LP 4.35% 20256 | 369 | 383 | |
Western Midstream Operating, LP 4.75% 2028 | 160 | 168 | |
Western Midstream Operating, LP 5.30% 20306 | 400 | 435 | |
Western Midstream Operating, LP 6.50% 20506 | 500 | 542 | |
WPX Energy, Inc. 5.75% 2026 | 297 | 311 | |
WPX Energy, Inc. 5.875% 2028 | 202 | 223 | |
WPX Energy, Inc. 4.50% 2030 | 493 | 532 | |
123,447 | |||
Communication services 12.43% | |||
Beasley Mezzanine Holdings, LLC 8.625% 20261 | 475 | 479 | |
Brightstar Escrow Corp. 9.75% 20251 | 575 | 625 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.00% 20231 | 1,155 | 1,169 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.50% 20261 | 263 | 272 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 20261 | 1,523 | 1,573 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 20281 | 96 | 102 |
American Funds Insurance Series — High-Income Bond Fund — Page 179 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 20291 | $24 | $26 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20301 | 304 | 310 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 20301 | 787 | 817 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20311 | 4,285 | 4,300 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20321 | 1,099 | 1,114 | |
CenturyLink, Inc. 6.75% 2023 | 1,480 | 1,637 | |
CenturyLink, Inc. 7.50% 2024 | 583 | 654 | |
CenturyLink, Inc. 5.125% 20261 | 1,600 | 1,687 | |
CenturyLink, Inc. 4.00% 20271 | 134 | 137 | |
Cinemark USA, Inc. 5.875% 20261 | 400 | 411 | |
Consolidated Communications, Inc. 5.00% 20281 | 225 | 227 | |
Diamond Sports Group LLC 5.375% 20261 | 743 | 536 | |
Diamond Sports Group LLC 6.625% 20271 | 1,056 | 550 | |
Discovery Communications, Inc. 4.65% 2050 | 61 | 67 | |
Embarq Corp. 7.995% 2036 | 2,586 | 2,983 | |
Epicor Software Corp., Term Loan-C, (3-month USD-LIBOR + 3.25%) 4.00% 20272,3 | 75 | 75 | |
Epicor Software Corp., Term Loan, (3-month USD-LIBOR + 7.75%) 8.75% 20282,3 | 525 | 544 | |
Front Range BidCo, Inc. 6.125% 20281 | 1,089 | 1,119 | |
Frontier Communications Corp. 5.875% 20271 | 1,550 | 1,646 | |
Frontier Communications Corp. 5.00% 20281 | 3,500 | 3,571 | |
Frontier Communications Corp. 6.75% 20291 | 1,900 | 2,008 | |
Gogo Inc. 9.875% 20241 | 8,514 | 8,977 | |
Gray Television, Inc. 7.00% 20271 | 828 | 902 | |
iHeartCommunications, Inc. 5.25% 20271 | 1,235 | 1,272 | |
Inmarsat PLC 6.75% 20261 | 1,475 | 1,573 | |
Intelsat Jackson Holding Co. 8.00% 20241 | 1,675 | 1,736 | |
Intelsat Jackson Holding Co. 8.50% 20241,4 | 3,175 | 1,998 | |
Intelsat Jackson Holding Co., Term Loan, (3-month USD-LIBOR + 5.50%) 6.50% 20212,3 | 1,212 | 1,232 | |
Intelsat Jackson Holding Co., Term Loan, 6.625% 20242 | 3,900 | 3,982 | |
Lamar Media Corp. 3.75% 2028 | 61 | 61 | |
Lamar Media Corp. 4.875% 2029 | 300 | 314 | |
Lamar Media Corp. 4.00% 2030 | 260 | 260 | |
Lamar Media Corp. 3.625% 20311 | 500 | 484 | |
Level 3 Financing, Inc. 3.75% 20291 | 1,325 | 1,298 | |
Liberty Global PLC 5.50% 20281 | 656 | 679 | |
Ligado Networks LLC 15.50% 20231,5 | 1,670 | 1,679 | |
Ligado Networks LLC 17.50% 20241,5 | 225 | 187 | |
Live Nation Entertainment, Inc. 3.75% 20281 | 425 | 420 | |
Match Group, Inc. 4.625% 20281 | 1,100 | 1,126 | |
MDC Partners Inc. 7.50% 20241,6 | 5,170 | 5,255 | |
Meredith Corp. 6.875% 2026 | 1,799 | 1,854 | |
National CineMedia, LLC 5.875% 20281 | 250 | 233 | |
Netflix, Inc. 4.875% 2028 | 635 | 719 | |
Netflix, Inc. 4.875% 20301 | 174 | 201 | |
Nexstar Broadcasting, Inc. 4.75% 20281 | 2,500 | 2,531 | |
Nexstar Escrow Corp. 5.625% 20271 | 289 | 303 | |
Numericable Group SA 7.375% 20261 | 1,049 | 1,092 | |
Playtika Holding Corp. 4.25% 20291 | 745 | 735 | |
Qwest Capital Funding, Inc. 6.875% 2028 | 860 | 947 | |
Scripps Escrow II, Inc. 3.875% 20291 | 575 | 566 | |
Sinclair Television Group, Inc. 5.125% 20271 | 195 | 191 | |
Sinclair Television Group, Inc. 4.125% 20301 | 1,550 | 1,497 | |
Sirius XM Radio Inc. 4.625% 20241 | 74 | 76 | |
Sirius XM Radio Inc. 4.125% 20301 | 345 | 346 |
American Funds Insurance Series — High-Income Bond Fund — Page 180 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) | |
Sprint Corp. 11.50% 2021 | $538 | $571 | |
Sprint Corp. 7.625% 2026 | 2,000 | 2,452 | |
Sprint Corp. 6.875% 2028 | 4,831 | 6,101 | |
Sprint Corp. 8.75% 2032 | 2,441 | 3,612 | |
TEGNA Inc. 4.75% 20261 | 850 | 903 | |
TEGNA Inc. 4.625% 2028 | 150 | 153 | |
TEGNA Inc. 5.00% 2029 | 716 | 744 | |
T-Mobile US, Inc. 2.625% 2026 | 1,650 | 1,684 | |
T-Mobile US, Inc. 2.625% 2029 | 460 | 447 | |
T-Mobile US, Inc. 2.875% 2031 | 800 | 774 | |
Total Play Telecomunicaciones, SA de CV, 7.50% 20251 | 475 | 475 | |
Trilogy International Partners, LLC 8.875% 20221 | 4,500 | 4,381 | |
Uniti Group LP / Uniti Fiber Holdings Inc. / CSL Capital LLC 7.875% 20251 | 75 | 81 | |
Univision Communications Inc. 5.125% 20251 | 3,195 | 3,241 | |
Univision Communications Inc. 6.625% 20271 | 3,050 | 3,263 | |
Virgin Media O2 4.25% 20311 | 1,925 | 1,876 | |
Virgin Media Secured Finance PLC 4.50% 20301 | 990 | 1,000 | |
Warner Music Group 5.50% 20261 | 228 | 235 | |
Warner Music Group 3.875% 20301 | 850 | 860 | |
Ziggo Bond Co. BV 5.125% 20301 | 419 | 429 | |
Ziggo Bond Finance BV 5.50% 20271 | 1,324 | 1,381 | |
Ziggo Bond Finance BV 4.875% 20301 | 1,950 | 1,997 | |
110,025 | |||
Materials 11.74% | |||
Alcoa Netherlands Holding BV 5.50% 20271 | 510 | 550 | |
Alcoa Netherlands Holding BV 4.125% 20291 | 950 | 959 | |
ArcelorMittal 7.25% 20396 | 120 | 164 | |
ArcelorMittal 7.00% 20416 | 385 | 526 | |
Arconic Corp. 6.00% 20251 | 810 | 875 | |
Arconic Rolled Products Corp. 6.125% 20281 | 800 | 853 | |
Ardagh Group SA 6.50% 20271,5 | 622 | 654 | |
Ardagh Metal Packaging Finance USA LLC 4.00% 20291 | 650 | 650 | |
Ardagh Packaging Finance 5.25% 20251 | 495 | 521 | |
Ardagh Packaging Finance 6.00% 20251 | 533 | 550 | |
Ardagh Packaging Finance 5.25% 20271 | 225 | 230 | |
Axalta Coating Systems LLC 4.75% 20271 | 460 | 481 | |
Blue Cube Spinco Inc. 10.00% 2025 | 244 | 258 | |
BWAY Parent Co., Inc. 5.50% 20241 | 1,619 | 1,643 | |
Cascades Inc. 5.125% 20261 | 495 | 527 | |
Cascades Inc. 5.375% 20281 | 340 | 358 | |
Cleveland-Cliffs Inc. 5.75% 2025 | 2,739 | 2,830 | |
Cleveland-Cliffs Inc. 9.875% 20251 | 204 | 239 | |
Cleveland-Cliffs Inc. 6.75% 20261 | 1,167 | 1,271 | |
Cleveland-Cliffs Inc. 5.875% 2027 | 4,675 | 4,844 | |
Cleveland-Cliffs Inc. 7.00% 20271 | 297 | 300 | |
Cleveland-Cliffs Inc. 4.625% 20291 | 2,300 | 2,299 | |
Cleveland-Cliffs Inc. 4.875% 20311 | 2,475 | 2,472 | |
Consolidated Energy Finance SA 6.50% 20261 | 1,250 | 1,247 | |
Constellium SE 3.75% 20291 | 350 | 335 | |
CVR Partners, LP 9.25% 20231 | 2,348 | 2,371 | |
Element Solutions Inc. 3.875% 20281 | 620 | 613 | |
First Quantum Minerals Ltd. 7.25% 20231 | 2,073 | 2,112 | |
First Quantum Minerals Ltd. 6.50% 20241 | 211 | 215 |
American Funds Insurance Series — High-Income Bond Fund — Page 181 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials (continued) | Principal amount (000) | Value (000) | |
First Quantum Minerals Ltd. 7.50% 20251 | $7,393 | $7,642 | |
First Quantum Minerals Ltd. 6.875% 20261 | 3,076 | 3,189 | |
First Quantum Minerals Ltd. 6.875% 20271 | 5,440 | 5,841 | |
FMG Resources 4.375% 20311 | 1,115 | 1,137 | |
Freeport-McMoRan Inc. 4.25% 2030 | 932 | 993 | |
Freeport-McMoRan Inc. 5.40% 2034 | 300 | 358 | |
Freeport-McMoRan Inc. 5.45% 2043 | 763 | 919 | |
FXI Holdings, Inc. 7.875% 20241 | 3,125 | 3,227 | |
FXI Holdings, Inc. 12.25% 20261 | 4,575 | 5,235 | |
GPC Merger Sub Inc. 7.125% 20281 | 434 | 462 | |
GPD Companies Inc. 10.125% 20261 | 100 | 110 | |
Hexion Inc. 7.875% 20271 | 2,411 | 2,597 | |
INEOS Group Holdings SA 5.625% 20241 | 772 | 784 | |
Iris Holdings, Inc. 8.75% 20261,5 | 375 | 380 | |
Joseph T. Ryerson & Son, Inc. 8.50% 20281 | 1,260 | 1,414 | |
LSB Industries, Inc. 9.625% 20231 | 3,863 | 3,974 | |
Mercer International Inc. 5.125% 20291 | 400 | 415 | |
Methanex Corp. 5.125% 2027 | 3,750 | 3,839 | |
Methanex Corp. 5.25% 2029 | 450 | 465 | |
Methanex Corp. 5.65% 2044 | 475 | 474 | |
Neon Holdings, Inc. 10.125% 20261 | 2,500 | 2,737 | |
Nouryon Holding BV 8.00% 20261 | 931 | 992 | |
Nova Chemicals Corp. 4.875% 20241 | 495 | 518 | |
Nova Chemicals Corp. 5.25% 20271 | 1,036 | 1,088 | |
Novelis Corp. 5.875% 20261 | 950 | 993 | |
Novelis Corp. 4.75% 20301 | 990 | 1,022 | |
OCI NV 5.25% 20241 | 278 | 290 | |
Olin Corp. 9.50% 20251 | 490 | 606 | |
Olin Corp. 5.625% 2029 | 300 | 324 | |
Olin Corp. 5.00% 2030 | 280 | 294 | |
Owens-Illinois, Inc. 5.875% 20231 | 1,670 | 1,792 | |
Owens-Illinois, Inc. 6.375% 20251 | 265 | 294 | |
Plastipak Holdings, Inc. 6.25% 20251 | 200 | 206 | |
Rayonier A.M. Products Inc. 7.625% 20261 | 745 | 792 | |
Scotts Miracle-Gro Co. 4.50% 2029 | 639 | 661 | |
Sealed Air Corp. 4.875% 20221 | 660 | 688 | |
Sealed Air Corp. 5.25% 20231 | 267 | 284 | |
Sealed Air Corp. 4.00% 20271 | 316 | 324 | |
Silgan Holdings Inc. 4.125% 2028 | 377 | 388 | |
Summit Materials, Inc. 6.50% 20271 | 360 | 380 | |
Summit Materials, Inc. 5.25% 20291 | 955 | 998 | |
Trivium Packaging BV 5.50% 20261 | 530 | 557 | |
Trivium Packaging BV 8.50% 20271 | 403 | 438 | |
Tronox Ltd. 4.625% 20291 | 1,525 | 1,529 | |
Valvoline Inc. 4.25% 20301 | 353 | 361 | |
Valvoline Inc. 3.625% 20311 | 620 | 601 | |
Venator Materials Corp. 5.75% 20251 | 5,876 | 5,714 | |
Venator Materials Corp. 9.50% 20251 | 2,175 | 2,441 | |
W. R. Grace & Co. 4.875% 20271 | 790 | 819 | |
Warrior Met Coal, Inc. 8.00% 20241 | 1,400 | 1,436 | |
103,969 |
American Funds Insurance Series — High-Income Bond Fund — Page 182 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary 10.65% | Principal amount (000) | Value (000) | |
99 Escrow Issuer, Inc. 7.50% 20261 | $405 | $394 | |
Affinity Gaming 6.875% 20271 | 1,350 | 1,425 | |
Allied Universal Holdco LLC 6.625% 20261 | 858 | 912 | |
Allied Universal Holdco LLC 9.75% 20271 | 826 | 908 | |
Boyd Gaming Corp. 8.625% 20251 | 120 | 134 | |
Boyd Gaming Corp. 4.75% 2027 | 861 | 879 | |
Brookfield Residential Properties Inc. 4.875% 20301 | 325 | 326 | |
Caesars Entertainment, Inc. 6.25% 20251 | 1,085 | 1,158 | |
Caesars Resort Collection, LLC 5.75% 20251 | 345 | 365 | |
Carnival Corp. 11.50% 20231 | 1,812 | 2,080 | |
Carnival Corp. 7.625% 20261 | 175 | 188 | |
Carnival Corp. 10.50% 20261 | 275 | 324 | |
Carvana Co. 5.625% 20251 | 135 | 139 | |
Carvana Co. 5.50% 20271 | 970 | 978 | |
Churchill Downs Inc. 4.75% 20281 | 430 | 446 | |
Cirsa Gaming Corp. SA 7.875% 20231 | 2,552 | 2,595 | |
Clarios Global LP 6.75% 20251 | 375 | 402 | |
Dana Inc. 5.625% 2028 | 675 | 723 | |
Empire Communities Corp. 7.00% 20251 | 525 | 555 | |
Fertitta Entertainment, Inc. 6.75% 20241 | 371 | 376 | |
Ford Motor Co. 8.50% 2023 | 1,787 | 1,995 | |
Ford Motor Co. 9.00% 2025 | 684 | 829 | |
Ford Motor Co. 9.625% 2030 | 250 | 349 | |
Ford Motor Co. 7.45% 2031 | 275 | 347 | |
Ford Motor Credit Company LLC 3.087% 2023 | 400 | 407 | |
Ford Motor Credit Company LLC 3.664% 2024 | 500 | 518 | |
Ford Motor Credit Company LLC 3.81% 2024 | 887 | 916 | |
Ford Motor Credit Company LLC 5.584% 2024 | 350 | 378 | |
Ford Motor Credit Company LLC 3.375% 2025 | 1,875 | 1,909 | |
Ford Motor Credit Company LLC 5.125% 2025 | 6,285 | 6,796 | |
Ford Motor Credit Company LLC 4.542% 2026 | 510 | 540 | |
Ford Motor Credit Company LLC 3.815% 2027 | 275 | 279 | |
Ford Motor Credit Company LLC 4.125% 2027 | 835 | 863 | |
Ford Motor Credit Company LLC 4.271% 2027 | 525 | 546 | |
Ford Motor Credit Company LLC 2.90% 2028 | 350 | 337 | |
Ford Motor Credit Company LLC 5.113% 2029 | 200 | 215 | |
Ford Motor Credit Company LLC 4.00% 2030 | 1,820 | 1,808 | |
Full House Resorts Inc. 8.25% 20281 | 475 | 507 | |
Hanesbrands Inc. 4.625% 20241 | 445 | 473 | |
Hanesbrands Inc. 5.375% 20251 | 432 | 458 | |
Hanesbrands Inc. 4.875% 20261 | 274 | 294 | |
Hilton Worldwide Holdings Inc. 4.875% 2030 | 508 | 540 | |
Hilton Worldwide Holdings Inc. 4.00% 20311 | 1,120 | 1,122 | |
International Game Technology PLC 6.50% 20251 | 1,383 | 1,521 | |
International Game Technology PLC 4.125% 20261 | 1,175 | 1,210 | |
International Game Technology PLC 5.25% 20291 | 2,380 | 2,486 | |
Jaguar Land Rover PLC 7.75% 20251 | 450 | 489 | |
Jaguar Land Rover PLC 5.875% 20281 | 250 | 254 | |
KB Home 6.875% 2027 | 330 | 387 | |
Landry’s Finance Acquisition Co., Term Loan, (3-month USD-LIBOR + 12.00%) 13.00% 20232,3 | 17 | 20 | |
Lennar Corp. 4.50% 2024 | 40 | 44 | |
Levi Strauss & Co. 5.00% 2025 | 90 | 92 | |
Levi Strauss & Co. 3.50% 20311 | 430 | 415 | |
Life Time Inc. 5.75% 20261 | 475 | 489 |
American Funds Insurance Series — High-Income Bond Fund — Page 183 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Limited Brands, Inc. 6.875% 20251 | $245 | $272 | |
Limited Brands, Inc. 6.625% 20301 | 380 | 435 | |
Limited Brands, Inc. 6.875% 2035 | 346 | 413 | |
Limited Brands, Inc. 6.75% 2036 | 495 | 585 | |
Lithia Motors, Inc. 4.375% 20311 | 475 | 494 | |
LSF9 Atlantis Holdings LLC / Victra Finance Corp 7.75% 20261 | 500 | 513 | |
M.D.C. Holdings, Inc. 6.00% 2043 | 823 | 1,040 | |
Mattel, Inc. 3.75% 20291 | 490 | 494 | |
McGraw-Hill Global Education Holdings, LLC, Term Loan B, (3-month USD-LIBOR + 4.75%) 5.75% 20242,3 | 1,070 | 1,070 | |
Melco International Development Ltd. 5.75% 20281 | 1,320 | 1,408 | |
Melco International Development Ltd. 5.375% 20291 | 375 | 399 | |
MercadoLibre, Inc. 3.125% 2031 | 295 | 281 | |
Merlin Entertainment 5.75% 20261 | 792 | 840 | |
MGM Growth Properties LLC 5.625% 2024 | 557 | 599 | |
MGM Growth Properties LLC 4.625% 20251 | 900 | 950 | |
MGM Growth Properties LLC 3.875% 20291 | 1,665 | 1,662 | |
MGM Resorts International 7.75% 2022 | 370 | 390 | |
MGM Resorts International 6.00% 2023 | 541 | 580 | |
MGM Resorts International 5.50% 2027 | 401 | 432 | |
Mohegan Gaming & Entertainment 8.00% 20261 | 2,330 | 2,350 | |
NCL Corp. Ltd. 3.625% 20241 | 650 | 615 | |
NCL Corp. Ltd. 12.25% 20241 | 175 | 212 | |
NCL Corp. Ltd. 5.875% 20261 | 475 | 480 | |
Neiman Marcus Group Ltd. LLC 7.125% 20261 | 1,155 | 1,180 | |
Newell Rubbermaid Inc. 4.875% 2025 | 445 | 492 | |
Newell Rubbermaid Inc. 5.875% 20366 | 30 | 37 | |
Norwegian Cruise Line Holdings Ltd. 10.25% 20261 | 275 | 323 | |
Panther BF Aggregator 2, LP 6.25% 20261 | 155 | 165 | |
Panther BF Aggregator 2, LP 8.50% 20271 | 990 | 1,067 | |
Party City Holdings Inc. 6.625% 20261 | 500 | 436 | |
Party City Holdings Inc. 8.75% 20261 | 860 | 887 | |
Real Hero Merger Sub 2, Inc. 6.25% 20291 | 100 | 103 | |
Rent-A-Center Inc. 6.375% 20291 | 600 | 638 | |
Royal Caribbean Cruises Ltd. 10.875% 20231 | 325 | 374 | |
Royal Caribbean Cruises Ltd. 11.50% 20251 | 1,000 | 1,167 | |
Sally Holdings LLC and Sally Capital Inc. 5.50% 2023 | 57 | 58 | |
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 | 2,825 | 2,918 | |
Sally Holdings LLC and Sally Capital Inc. 8.75% 20251 | 659 | 735 | |
Scientific Games Corp. 5.00% 20251 | 301 | 312 | |
Scientific Games Corp. 8.625% 20251 | 2,170 | 2,362 | |
Scientific Games Corp. 8.25% 20261 | 3,294 | 3,538 | |
Scientific Games Corp. 7.00% 20281 | 85 | 91 | |
Scientific Games Corp. 7.25% 20291 | 230 | 250 | |
Six Flags Entertainment Corp. 4.875% 20241 | 537 | 543 | |
Six Flags Theme Parks Inc. 7.00% 20251 | 140 | 152 | |
Sizzling Platter LLC 8.50% 20251 | 450 | 448 | |
Staples, Inc. 7.50% 20261 | 421 | 445 | |
Studio City Finance Ltd. 5.00% 20291 | 650 | 653 | |
Tempur Sealy International, Inc. 4.00% 20291 | 1,165 | 1,162 | |
The Home Company Inc. 7.25% 20251 | 725 | 752 | |
Truck Hero Inc., Term Loan-B, (3-month USD-LIBOR + 3.75%) 4.50% 20282,3 | 175 | 175 | |
Universal Entertainment Corp. 8.50% 20241 | 200 | 215 | |
Vail Resorts, Inc. 6.25% 20251 | 315 | 336 |
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
VICI Properties LP 4.25% 20261 | $962 | $986 | |
VICI Properties LP 4.625% 20291 | 135 | 140 | |
VICI Properties LP / VICI Note Co. Inc. 3.50% 20251 | 851 | 868 | |
VICI Properties LP / VICI Note Co. Inc. 3.75% 20271 | 379 | 380 | |
VICI Properties LP / VICI Note Co. Inc. 4.125% 20301 | 2,074 | 2,095 | |
Viking Cruises Ltd. 6.25% 20251 | 140 | 139 | |
Viking Cruises Ltd. 13.00% 20251 | 430 | 506 | |
Viking Cruises Ltd. 5.875% 20271 | 185 | 181 | |
Wyndham Destinations, Inc. 6.625% 20261 | 525 | 597 | |
Wyndham Destinations, Inc. 4.625% 20301 | 285 | 296 | |
Wyndham Worldwide Corp. 5.375% 20261 | 860 | 881 | |
Wyndham Worldwide Corp. 4.375% 20281 | 1,205 | 1,221 | |
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 20231 | 1,171 | 1,201 | |
Wynn Macau, Ltd. 5.125% 20291 | 200 | 205 | |
Wynn Resorts Ltd. 7.75% 20251 | 570 | 619 | |
Wynn Resorts Ltd. 5.125% 20291 | 342 | 350 | |
94,333 | |||
Health care 10.54% | |||
Auris Luxembourg III SARL, Term Loan, (3-month USD-LIBOR + 3.75%) 3.859% 20262,3 | 843 | 825 | |
Avantor Funding, Inc. 4.625% 20281 | 1,510 | 1,579 | |
Bausch Health Companies Inc. 9.25% 20261 | 2,644 | 2,933 | |
Bausch Health Companies Inc. 5.00% 20281 | 587 | 595 | |
Bausch Health Companies Inc. 7.00% 20281 | 1,153 | 1,254 | |
Bausch Health Companies Inc. 5.00% 20291 | 625 | 622 | |
Bausch Health Companies Inc. 6.25% 20291 | 815 | 868 | |
Bausch Health Companies Inc. 5.25% 20301 | 852 | 857 | |
Bausch Health Companies Inc. 5.25% 20311 | 3,055 | 3,046 | |
Catalent Pharma Solutions Inc. 5.00% 20271 | 53 | 56 | |
Catalent, Inc. 3.125% 20291 | 1,445 | 1,389 | |
Centene Corp. 5.375% 20261 | 330 | 349 | |
Centene Corp. 5.375% 20261 | 50 | 52 | |
Centene Corp. 4.25% 2027 | 584 | 615 | |
Centene Corp. 4.625% 2029 | 2,505 | 2,714 | |
Centene Corp. 3.00% 2030 | 2,530 | 2,529 | |
Centene Corp. 3.375% 2030 | 132 | 133 | |
Centene Corp. 2.50% 2031 | 1,000 | 956 | |
Charles River Laboratories International, Inc. 4.25% 20281 | 241 | 249 | |
Charles River Laboratories International, Inc. 3.75% 20291 | 780 | 782 | |
Community Health Systems Inc. 5.625% 20271 | 730 | 766 | |
Community Health Systems Inc. 6.00% 20291 | 653 | 691 | |
Concordia International Corp. 8.00% 2024 | 34 | 35 | |
Concordia International Corp., Term Loan, (3-month USD-LIBOR + 5.50%) 6.50% 20242,3 | 59 | 59 | |
DaVita Inc. 4.625% 20301 | 1,100 | 1,122 | |
Encompass Health Corp. 4.50% 2028 | 496 | 509 | |
Encompass Health Corp. 4.75% 2030 | 635 | 654 | |
Endo Dac / Endo Finance LLC / Endo Finco 9.50% 20271 | 911 | 991 | |
Endo Dac / Endo Finance LLC / Endo Finco 6.00% 20281 | 1,115 | 904 | |
Endo International PLC 5.75% 20221 | 2,937 | 2,926 | |
Endo International PLC 5.875% 20241 | 1,300 | 1,311 | |
Endo Luxembourg Finance Co I SARL / Endo US Inc. 6.125% 20291 | 1,740 | 1,757 | |
HCA Inc. 5.875% 2023 | 70 | 76 | |
HCA Inc. 5.375% 2025 | 175 | 196 | |
HCA Inc. 5.875% 2026 | 321 | 368 |
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
HCA Inc. 4.50% 2027 | $173 | $194 | |
HCA Inc. 5.625% 2028 | 1,315 | 1,515 | |
HCA Inc. 3.50% 2030 | 1,250 | 1,262 | |
HCA Inc. 5.50% 2047 | 128 | 160 | |
HCA Inc. 5.25% 2049 | 475 | 583 | |
HealthSouth Corp. 5.75% 2025 | 942 | 975 | |
IMS Health Holdings, Inc. 5.00% 20261 | 823 | 856 | |
Jaguar Holding Co. II 4.625% 20251 | 350 | 366 | |
Jaguar Holding Co. II 5.00% 20281 | 375 | 391 | |
Mallinckrodt International Finance SA 5.50% 20251,4 | 1,118 | 791 | |
Mallinckrodt PLC 5.75% 20221,4 | 420 | 288 | |
Mallinckrodt PLC 10.00% 20251 | 3,429 | 3,832 | |
Molina Healthcare, Inc. 5.375% 2022 | 2,594 | 2,725 | |
Molina Healthcare, Inc. 4.375% 20281 | 920 | 948 | |
Molina Healthcare, Inc. 3.875% 20301 | 1,999 | 2,061 | |
Owens & Minor, Inc. 4.375% 2024 | 1,935 | 2,004 | |
Owens & Minor, Inc. 4.50% 20291 | 1,450 | 1,459 | |
Par Pharmaceutical Inc. 7.50% 20271 | 4,215 | 4,476 | |
Prime Healthcare Services, Inc. 7.25% 20251 | 600 | 641 | |
Radiology Partners, Inc. 9.25% 20281 | 1,293 | 1,411 | |
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.00% 2023 (100% PIK)2,3,5,7,8 | 3,980 | 4,020 | |
RP Escrow Issuer, LLC 5.25% 20251 | 435 | 451 | |
Select Medical Holdings Corp. 6.25% 20261 | 554 | 590 | |
Surgery Center Holdings 10.00% 20271 | 416 | 459 | |
Syneos Health, Inc. 3.625% 20291 | 630 | 614 | |
Team Health Holdings, Inc. 6.375% 20251 | 899 | 797 | |
Team Health Holdings, Inc., Term Loan B, 3.75% 20242,3 | 914 | 853 | |
Tenet Healthcare Corp. 4.625% 2024 | 559 | 571 | |
Tenet Healthcare Corp. 4.875% 20261 | 6,080 | 6,329 | |
Tenet Healthcare Corp. 5.125% 20271 | 710 | 744 | |
Tenet Healthcare Corp. 6.125% 20281 | 275 | 287 | |
Teva Pharmaceutical Finance Co. BV 2.20% 2021 | 75 | 75 | |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 1,908 | 1,902 | |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 4,779 | 5,101 | |
Teva Pharmaceutical Finance Co. BV 7.125% 2025 | 1,309 | 1,449 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 2,134 | 2,043 | |
Teva Pharmaceutical Finance Co. BV 6.75% 2028 | 938 | 1,056 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 1,202 | 1,058 | |
U.S. Renal Care, Inc. 10.625% 20271 | 359 | 396 | |
Valeant Pharmaceuticals International, Inc. 6.125% 20251 | 1,584 | 1,626 | |
Valeant Pharmaceuticals International, Inc. 9.00% 20251 | 581 | 632 | |
Valeant Pharmaceuticals International, Inc. 8.50% 20271 | 502 | 558 | |
93,317 | |||
Industrials 9.86% | |||
ADT Corp. 3.50% 2022 | 1,221 | 1,242 | |
Allison Transmission Holdings, Inc. 3.75% 20311 | 1,525 | 1,480 | |
Alta Equipment Group Inc. 5.625% 20261 | 515 | 523 | |
American Airlines, Inc. 5.50% 20261 | 2,430 | 2,532 | |
American Airlines, Inc. 5.75% 20291 | 1,030 | 1,097 | |
Associated Materials, LLC 9.00% 20251 | 2,156 | 2,280 | |
ATS Automation Tooling Systems Inc. 4.125% 20281 | 275 | 273 | |
Avis Budget Car Rental, LLC 5.75% 20271 | 1,375 | 1,435 |
American Funds Insurance Series — High-Income Bond Fund — Page 186 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) | |
Avis Budget Group, Inc. 6.375% 20241 | $1,450 | $1,477 | |
Avis Budget Group, Inc. 5.25% 20251 | 812 | 826 | |
Avis Budget Group, Inc. 4.75% 20281 | 750 | 765 | |
Avis Budget Group, Inc. 5.375% 20291 | 1,360 | 1,409 | |
Avolon Holdings Funding Ltd. 5.25% 20241 | 660 | 713 | |
Boeing Company 3.625% 2031 | 1,050 | 1,100 | |
Boeing Company 3.50% 2039 | 70 | 67 | |
Boeing Company 3.75% 2050 | 400 | 384 | |
Boeing Company 5.93% 2060 | 700 | 901 | |
Bohai Financial Investment Holding Co., Ltd. 5.25% 20221 | 1,600 | 1,680 | |
Bohai Financial Investment Holding Co., Ltd. 4.50% 20231 | 1,072 | 1,120 | |
Bohai Financial Investment Holding Co., Ltd. 5.125% 20231 | 660 | 704 | |
Bohai Financial Investment Holding Co., Ltd. 5.50% 20241 | 600 | 653 | |
Bombardier Inc. 8.75% 20211 | 312 | 328 | |
Bombardier Inc. 6.125% 20231 | 645 | 672 | |
Bombardier Inc. 7.50% 20241 | 600 | 600 | |
Bombardier Inc. 7.50% 20251 | 1,191 | 1,173 | |
Bombardier Inc. 7.875% 20271 | 2,763 | 2,714 | |
Bombardier Inc. 7.45% 20341 | 350 | 360 | |
Booz Allen Hamilton Inc. 3.875% 20281 | 190 | 191 | |
British Airways, Series 2020-1, Class B, 8.375% 20281 | 182 | 208 | |
Brundage-Bone Concrete Pumping Holdings, Inc. 6.00% 20261 | 500 | 522 | |
BWX Technologies, Inc. 4.125% 20281 | 615 | 625 | |
BWX Technologies, Inc. 4.125% 20291 | 1,220 | 1,238 | |
Clean Harbors, Inc. 4.875% 20271 | 766 | 809 | |
Covanta Holding Corp. 5.875% 2025 | 858 | 891 | |
Covanta Holding Corp. 5.00% 2030 | 850 | 860 | |
CP Atlas Buyer, Inc. 7.00% 20281 | 625 | 658 | |
Dun & Bradstreet Corp. 6.875% 20261 | 203 | 217 | |
Dun & Bradstreet Corp. 10.25% 20271 | 2,073 | 2,319 | |
Fortress Transportation and Infrastructure Investors LLC 6.50% 20251 | 480 | 503 | |
Fortress Transportation and Infrastructure Investors LLC 9.75% 20271 | 445 | 508 | |
Harsco Corp. 5.75% 20271 | 925 | 949 | |
Herc Holdings Inc. 5.50% 20271 | 200 | 213 | |
Howmet Aerospace Inc. 6.875% 2025 | 1,662 | 1,928 | |
Icahn Enterprises Finance Corp. 4.75% 2024 | 1,080 | 1,123 | |
JELD-WEN Holding, Inc. 4.875% 20271 | 1,033 | 1,071 | |
JetBlue Airways Corp., Pass Through Trust Certificates, Series 2019-1, Class B, 8.00% 2027 | 158 | 180 | |
JetBlue Airways Corp., Pass Through Trust Certificates, Series 2020-1, Class A, 7.75% 2030 | 350 | 400 | |
Kratos Defense & Security Solutions, Inc. 6.50% 20251 | 1,710 | 1,803 | |
LABL Escrow Issuer, LLC 10.50% 20271 | 690 | 770 | |
LBM Acquisition LLC 6.25% 20291 | 215 | 222 | |
LSC Communications, Inc. 8.75% 20231,4,7,8 | 8,933 | 474 | |
LSC Communications, Inc., Term Loan B, (USD Prime Rate + 4.50%) 7.75% 20222,3,4,7,8 | 301 | 16 | |
MasTec, Inc. 4.50% 20281 | 1,250 | 1,298 | |
Meritor, Inc. 4.50% 20281 | 325 | 327 | |
MH SUB I, LLC, Term Loan, (3-month USD-LIBOR + 6.25%) 6.359% 20292,3 | 150 | 151 | |
Moog Inc. 4.25% 20271 | 125 | 128 | |
NESCO Holdings II, Inc. 5.50% 20291 | 755 | 775 | |
Nielsen Finance LLC and Nielsen Finance Co. 5.00% 20251 | 750 | 768 | |
Nielsen Finance LLC and Nielsen Finance Co. 5.625% 20281 | 250 | 263 | |
Nielsen Finance LLC and Nielsen Finance Co. 5.875% 20301 | 1,400 | 1,520 | |
Park River Holdings, Inc. 5.625% 20291 | 875 | 849 | |
Pitney Bowes Inc. 6.875% 20271 | 750 | 745 |
American Funds Insurance Series — High-Income Bond Fund — Page 187 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) | |
Prime Security Services Borrower, LLC 3.375% 20271 | $925 | $898 | |
Prime Security Services Borrower, LLC 6.25% 20281 | 627 | 654 | |
R.R. Donnelley & Sons Co. 6.50% 2023 | 1,025 | 1,090 | |
R.R. Donnelley & Sons Co., Term Loan B, (3-month USD-LIBOR + 5.00%) 5.203% 20242,3 | 1,320 | 1,316 | |
Rexnord Corp. 4.875% 20251 | 848 | 867 | |
Rolls-Royce PLC 5.75% 20271 | 615 | 655 | |
Sensata Technologies Holding BV 4.00% 20291 | 1,680 | 1,713 | |
Sensata Technologies, Inc. 3.75% 20311 | 500 | 494 | |
Signature Aviation PLC 4.00% 20281 | 185 | 189 | |
SkyMiles IP Ltd. 4.75% 20281 | 2,285 | 2,487 | |
Specialty Building Products Holdings LLC 6.375% 20261 | 500 | 517 | |
Stericycle, Inc. 5.375% 20241 | 1,135 | 1,175 | |
Stericycle, Inc. 3.875% 20291 | 270 | 267 | |
The Brink’s Co. 4.625% 20271 | 719 | 738 | |
TransDigm Inc. 8.00% 20251 | 658 | 717 | |
TransDigm Inc. 6.25% 20261 | 1,938 | 2,057 | |
TransDigm Inc. 5.50% 2027 | 855 | 886 | |
TransDigm Inc. 4.625% 20291 | 460 | 454 | |
Triumph Group, Inc. 5.25% 2022 | 320 | 318 | |
Triumph Group, Inc. 6.25% 20241 | 310 | 316 | |
Triumph Group, Inc. 8.875% 20241 | 520 | 586 | |
Triumph Group, Inc. 7.75% 20251 | 270 | 272 | |
Uber Technologies, Inc. 8.00% 20261 | 498 | 540 | |
United Airlines, Pass Through Trust , Series 2020-1, Class B, 4.875% 2027 | 340 | 357 | |
United Airlines Holdings, Inc. 6.50% 20271 | 4,625 | 5,076 | |
United Rentals, Inc. 5.875% 2026 | 53 | 56 | |
United Rentals, Inc. 3.875% 2031 | 325 | 327 | |
Vertical Holdco GMBH 7.625% 20281 | 975 | 1,050 | |
Vertical U.S. Newco Inc. 5.25% 20271 | 2,125 | 2,229 | |
WESCO Distribution, Inc. 7.125% 20251 | 1,375 | 1,505 | |
WESCO Distribution, Inc. 7.25% 20281 | 1,770 | 1,979 | |
Western Global Airlines LLC 10.375% 20251 | 385 | 434 | |
XPO Logistics, Inc. 6.75% 20241 | 198 | 208 | |
XPO Logistics, Inc. 6.25% 20251 | 800 | 862 | |
87,319 | |||
Financials 5.93% | |||
Advisor Group Holdings, LLC 6.25% 20281 | 1,551 | 1,627 | |
AG Merger Sub II, Inc. 10.75% 20271 | 1,990 | 2,233 | |
Alliant Holdings Intermediate, LLC 6.75% 20271 | 1,036 | 1,104 | |
Ally Financial Inc. 8.00% 2031 | 403 | 562 | |
Ally Financial Inc. 8.00% 2031 | 63 | 85 | |
AssuredPartners, Inc. 7.00% 20251 | 373 | 387 | |
AssuredPartners, Inc. 8.00% 20271 | 603 | 649 | |
AssuredPartners, Inc. 5.625% 20291 | 365 | 372 | |
Compass Diversified Holdings 8.00% 20261 | 2,403 | 2,515 | |
Compass Diversified Holdings 5.25% 20291 | 2,620 | 2,750 | |
Credit Acceptance Corp. 5.125% 20241 | 765 | 782 | |
Deutsche Bank AG 3.729% 2032 (USD-SOFR + 2.757% on 1/14/2031)6 | 575 | 558 | |
Fairstone Financial Inc. 7.875% 20241 | 1,258 | 1,325 | |
Freedom Mortgage Corp. 7.625% 20261 | 625 | 655 | |
FS Energy and Power Fund 7.50% 20231 | 4,084 | 4,115 | |
HUB International Ltd. 7.00% 20261 | 1,950 | 2,027 | |
Icahn Enterprises Finance Corp. 6.25% 2022 | 881 | 883 |
American Funds Insurance Series — High-Income Bond Fund — Page 188 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
Icahn Enterprises Finance Corp. 5.25% 2027 | $377 | $390 | |
Icahn Enterprises Finance Corp. 4.375% 20291 | 675 | 660 | |
Iris Merger Sub 2019 Inc. 9.375% 20281 | 349 | 377 | |
Ladder Capital Corp. 5.25% 20221 | 150 | 151 | |
Ladder Capital Corp. 4.25% 20271 | 1,239 | 1,224 | |
LD Holdings Group LLC 6.125% 20281 | 575 | 584 | |
LPL Financial Holdings Inc. 4.625% 20271 | 1,212 | 1,261 | |
MGIC Investment Corp. 5.25% 2028 | 525 | 546 | |
MSCI Inc. 5.375% 20271 | 320 | 343 | |
MSCI Inc. 3.625% 20301 | 66 | 67 | |
MSCI Inc. 3.875% 20311 | 2,150 | 2,198 | |
National Financial Partners Corp. 6.875% 20281 | 1,094 | 1,136 | |
Nationstar Mortgage Holdings Inc. 5.50% 20281 | 425 | 428 | |
Nationstar Mortgage Holdings Inc. 5.125% 20301 | 650 | 642 | |
Navient Corp. 6.50% 2022 | 2,883 | 3,031 | |
Navient Corp. 5.50% 2023 | 3,086 | 3,211 | |
Navient Corp. 5.875% 2024 | 1,020 | 1,074 | |
Navient Corp. 6.125% 2024 | 417 | 443 | |
Navient Corp. 5.00% 2027 | 2,183 | 2,192 | |
Navient Corp. 4.875% 2028 | 320 | 314 | |
Navient Corp. 5.625% 2033 | 978 | 916 | |
OneMain Holdings, Inc. 7.125% 2026 | 685 | 791 | |
Owl Rock Capital Corp. 4.625% 20241 | 750 | 783 | |
Owl Rock Capital Corp. 3.75% 2025 | 900 | 934 | |
Owl Rock Capital Corp. 3.375% 2026 | 390 | 395 | |
Quicken Loans, LLC 3.625% 20291 | 455 | 439 | |
Springleaf Finance Corp. 6.125% 2024 | 1,167 | 1,262 | |
Springleaf Finance Corp. 6.625% 2028 | 190 | 216 | |
Springleaf Finance Corp. 5.375% 2029 | 183 | 195 | |
Starwood Property Trust, Inc. 5.00% 2021 | 2,071 | 2,103 | |
Starwood Property Trust, Inc. 5.50% 20231 | 465 | 487 | |
Travelport Finance Luxembourg SARL, Term Loan, (3-month USD-LIBOR + 8.00%) 9.00% 2025 (72.22% PIK)2,3,5 | 470 | 481 | |
United Wholesale Mortgage, LLC 5.50% 20291 | 575 | 576 | |
52,479 | |||
Information technology 4.38% | |||
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 8.25% 20252,3 | 3,574 | 3,603 | |
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 5.50%) 6.25% 20252,3 | 822 | 828 | |
Austin BidCo Inc. 7.125% 20281 | 940 | 958 | |
Avaya Inc. 6.125% 20281 | 490 | 521 | |
Banff Merger Sub Inc. 9.75% 20261 | 723 | 771 | |
Black Knight Inc. 3.625% 20281 | 815 | 802 | |
BMC Software, Inc. 7.125% 20251 | 225 | 242 | |
BMC Software, Inc. 9.125% 20261 | 240 | 256 | |
CommScope Finance LLC 6.00% 20261 | 833 | 879 | |
CrowdStrike Holdings, Inc. 3.00% 2029 | 385 | 377 | |
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 2.953% 20232,3 | 645 | 635 | |
Diebold Nixdorf, Inc. 9.375% 20251 | 4,700 | 5,243 | |
Diebold, Inc. 8.50% 2024 | 1,534 | 1,569 | |
Endurance Acquisition Merger Sub 6.00% 20291 | 400 | 392 | |
Gartner, Inc. 4.50% 20281 | 1,475 | 1,523 | |
Grab Holding Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 5.50% 20262,3 | 500 | 510 | |
Logan Merger Sub, Inc. 5.50% 20271 | 475 | 498 |
American Funds Insurance Series — High-Income Bond Fund — Page 189 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Information technology (continued) | Principal amount (000) | Value (000) | |
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 3.75%) 3.953% 20242,3 | $1,032 | $1,034 | |
MoneyGram International Inc., Term Loan B, (3-month USD-LIBOR + 6.00%) 7.00% 20232,3 | 1,213 | 1,214 | |
NCR Corp. 5.125% 20291 | 2,675 | 2,700 | |
Oracle Corp. 3.95% 2051 | 458 | 473 | |
Rocket Software, Inc. 6.50% 20291 | 1,625 | 1,643 | |
Sabre GLBL Inc. 7.375% 20251 | 48 | 53 | |
Sabre Holdings Corp. 9.25% 20251 | 548 | 654 | |
Solera Holdings, Inc. 10.50% 20241 | 726 | 751 | |
Synaptics Inc. 4.00% 20291 | 600 | 597 | |
TTM Technologies, Inc. 4.00% 20291 | 425 | 420 | |
Ultimate Software Group Inc., Term Loan, (3-month USD-LIBOR + 6.75%) 7.50% 20272,3 | 1,325 | 1,363 | |
Unisys Corp. 6.875% 20271 | 1,725 | 1,893 | |
VeriSign, Inc. 4.625% 2023 | 429 | 432 | |
VeriSign, Inc. 5.25% 2025 | 132 | 149 | |
Veritas Holdings Ltd. 10.50% 20241 | 625 | 641 | |
Veritas Holdings Ltd. 7.50% 20251 | 2,140 | 2,225 | |
ViaSat, Inc. 5.625% 20271 | 175 | 184 | |
Virtusa Corp., Term Loan-B, (3-month USD-LIBOR + 4.25%) 5.00% 20282,3 | 50 | 50 | |
Xerox Corp. 5.50% 20281 | 2,635 | 2,733 | |
38,816 | |||
Real estate 3.07% | |||
Brookfield Property REIT Inc. 5.75% 20261 | 2,839 | 2,928 | |
Diversified Healthcare Trust 4.75% 2024 | 275 | 283 | |
Diversified Healthcare Trust 9.75% 2025 | 650 | 737 | |
Diversified Healthcare Trust 4.375% 2031 | 1,975 | 1,930 | |
Hospitality Properties Trust 7.50% 2025 | 238 | 271 | |
Howard Hughes Corp. 5.375% 20281 | 1,957 | 2,061 | |
Howard Hughes Corp. 4.125% 20291 | 1,453 | 1,422 | |
Howard Hughes Corp. 4.375% 20311 | 1,528 | 1,498 | |
Iron Mountain Inc. 4.875% 20271 | 1,266 | 1,298 | |
Iron Mountain Inc. 5.00% 20281 | 617 | 632 | |
Iron Mountain Inc. 5.25% 20281 | 1,214 | 1,263 | |
Iron Mountain Inc. 5.25% 20301 | 2,450 | 2,531 | |
Iron Mountain Inc. 4.50% 20311 | 1,700 | 1,683 | |
Kennedy-Wilson Holdings, Inc. 4.75% 2029 | 1,675 | 1,698 | |
Kennedy-Wilson Holdings, Inc. 5.00% 2031 | 1,715 | 1,739 | |
Ladder Capital Corp. 5.25% 20251 | 140 | 140 | |
Medical Properties Trust, Inc. 5.00% 2027 | 1,333 | 1,405 | |
Medical Properties Trust, Inc. 3.50% 2031 | 239 | 235 | |
QTS Realty Trust, Inc. 3.875% 20281 | 625 | 623 | |
Realogy Corp. 9.375% 20271 | 740 | 821 | |
Realogy Corp. 5.75% 20291 | 840 | 829 | |
Realogy Group LLC 7.625% 20251 | 260 | 284 | |
RHP Hotel Properties LP / RHP Finance Corp. 4.50% 20291 | 685 | 689 | |
Service Properties Trust 5.50% 2027 | 130 | 138 | |
27,138 | |||
Utilities 2.85% | |||
AES Corp. 3.95% 20301 | 675 | 723 | |
AmeriGas Partners, LP 5.75% 2027 | 297 | 325 | |
Calpine Corp. 4.50% 20281 | 500 | 505 | |
Calpine Corp. 5.125% 20281 | 518 | 521 | |
Calpine Corp. 3.75% 20311 | 400 | 382 |
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
Calpine Corp. 5.00% 20311 | $1,000 | $977 | |
DPL Inc. 4.125% 20251 | 765 | 811 | |
DPL Inc. 4.35% 2029 | 575 | 618 | |
Emera Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)6 | 1,155 | 1,315 | |
FirstEnergy Corp. 2.05% 2025 | 115 | 116 | |
FirstEnergy Corp. 2.65% 2030 | 180 | 171 | |
FirstEnergy Corp. 7.375% 2031 | 364 | 487 | |
FirstEnergy Corp. 5.35% 20476 | 550 | 619 | |
FirstEnergy Corp. 3.40% 2050 | 1,710 | 1,504 | |
FirstEnergy Transmission LLC 2.866% 20281 | 325 | 328 | |
NextEra Energy Partners, LP 4.25% 20241 | 122 | 129 | |
NextEra Energy Partners, LP 3.875% 20261 | 92 | 97 | |
NGL Energy Partners LP 7.50% 2026 | 550 | 470 | |
NRG Energy, Inc. 7.25% 2026 | 328 | 342 | |
NRG Energy, Inc. 3.375% 20291 | 355 | 347 | |
NRG Energy, Inc. 3.625% 20311 | 1,030 | 1,006 | |
Pacific Gas and Electric Co. 3.75% 2028 | 203 | 215 | |
Pacific Gas and Electric Co. 4.55% 2030 | 473 | 513 | |
Pacific Gas and Electric Co. 3.25% 2031 | 200 | 200 | |
Pacific Gas and Electric Co. 4.95% 2050 | 600 | 618 | |
PG&E Corp. 5.00% 2028 | 1,980 | 2,094 | |
PG&E Corp. 5.25% 2030 | 675 | 716 | |
PG&E Corp., Term Loan, (3-month USD-LIBOR + 3.00%) 3.50% 20252,3 | 253 | 253 | |
Talen Energy Corp. 10.50% 20261 | 3,568 | 3,200 | |
Talen Energy Corp. 7.25% 20271 | 3,473 | 3,557 | |
Talen Energy Corp. 6.625% 20281 | 130 | 130 | |
Talen Energy Supply, LLC 7.625% 20281 | 1,699 | 1,723 | |
Vistra Operations Co. LLC 3.55% 20241 | 231 | 242 | |
25,254 | |||
Consumer staples 2.49% | |||
Albertsons Companies, Inc. 3.50% 20291 | 930 | 886 | |
Albertsons Companies, Inc. 4.875% 20301 | 335 | 345 | |
B&G Foods, Inc. 5.25% 2025 | 612 | 629 | |
B&G Foods, Inc. 5.25% 2027 | 228 | 237 | |
Brasil Foods SA 5.75% 20501 | 370 | 365 | |
Central Garden & Pet Co. 4.125% 2030 | 420 | 425 | |
Coty Inc. 6.50% 20261 | 520 | 525 | |
Darling Ingredients Inc. 5.25% 20271 | 459 | 483 | |
Edgewell Personal Care Co. 5.50% 20281 | 275 | 291 | |
Energizer Holdings, Inc. 4.375% 20291 | 545 | 548 | |
Kraft Heinz Company 3.875% 2027 | 725 | 790 | |
Kraft Heinz Company 4.25% 2031 | 713 | 786 | |
Kraft Heinz Company 4.625% 2039 | 165 | 179 | |
Kraft Heinz Company 5.00% 2042 | 500 | 563 | |
Kraft Heinz Company 5.20% 2045 | 330 | 383 | |
Kraft Heinz Company 4.375% 2046 | 816 | 855 | |
Kraft Heinz Company 4.875% 2049 | 2,115 | 2,378 | |
Kraft Heinz Company 5.50% 2050 | 370 | 454 | |
Kronos Acquisition Holdings Inc. 5.00% 20261 | 385 | 386 | |
Kronos Acquisition Holdings Inc. 7.00% 20271 | 760 | 729 | |
Lamb Weston Holdings, Inc. 4.625% 20241 | 561 | 584 | |
Nestle Skin Health SA, Term Loan B3, (3-month USD-LIBOR + 4.00%) 4.75% 20263 | 1,806 | 1,808 | |
Post Holdings, Inc. 5.625% 20281 | 569 | 600 |
American Funds Insurance Series — High-Income Bond Fund — Page 191 of 240
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples (continued) | Principal amount (000) | Value (000) | |
Post Holdings, Inc. 5.50% 20291 | $166 | $178 | |
Post Holdings, Inc. 4.625% 20301 | 1,905 | 1,912 | |
Post Holdings, Inc. 4.50% 20311 | 750 | 743 | |
Prestige Brands International Inc. 5.125% 20281 | 103 | 108 | |
Prestige Brands International Inc. 3.75% 20311 | 525 | 502 | |
Simmons Foods Inc. 4.625% 20291 | 830 | 838 | |
Spectrum Brands Inc. 5.75% 2025 | 528 | 545 | |
Triton Water Holdings, Inc. 6.25% 20291 | 630 | 643 | |
Turning Point Brands, Inc. 5.625% 20261 | 400 | 416 | |
United Natural Foods, Inc. 6.75% 20281 | 865 | 926 | |
22,040 | |||
Total corporate bonds, notes & loans | 778,137 | ||
U.S. Treasury bonds & notes 0.12% U.S. Treasury inflation-protected securities 0.12% | |||
U.S. Treasury Inflation-Protected Security 0.125% 20519,10 | 1,005 | 1,016 | |
Municipals 0.00% Puerto Rico 0.00% | |||
Aqueduct and Sewer Auth., Rev. Bonds, Series 2012-B, 5.35% 2027 | 5 | 5 | |
Total bonds, notes & other debt instruments (cost: $760,408,000) | 779,158 | ||
Convertible bonds & notes 0.44% Communication services 0.16% | |||
Cinemark USA, Inc., convertible notes, 4.50% 20251 | 190 | 318 | |
DISH DBS Corp., convertible notes, 3.375% 2026 | 635 | 612 | |
Live Nation Entertainment, Inc., convertible notes, 2.00% 2025 | 430 | 478 | |
1,408 | |||
Industrials 0.12% | |||
American Airlines Group Inc., convertible notes, 6.50% 2025 | 183 | 315 | |
Southwest Airlines Co., convertible notes, 1.25% 2025 | 403 | 694 | |
1,009 | |||
Information technology 0.09% | |||
Sabre Holdings Corp., convertible notes, 4.00% 20251 | 390 | 812 | |
Consumer discretionary 0.06% | |||
NCL Corp. Ltd., convertible notes, 5.375% 20251 | 155 | 269 | |
Royal Caribbean Cruises Ltd., convertible notes, 4.25% 20231 | 200 | 282 | |
551 | |||
Energy 0.01% | |||
Mesquite Energy Inc., convertible notes, 15.00% 2023 (100% PIK)1,5,7,8 | 68 | 68 | |
Total convertible bonds & notes (cost: $2,720,000) | 3,848 |
American Funds Insurance Series — High-Income Bond Fund — Page 192 of 240
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Convertible stocks 0.37% Utilities 0.13% | Shares | Value (000) | |
American Electric Power Company, Inc., convertible preferred shares, 6.125% 2022 | 8,000 | $386 | |
PG&E Corp., units, convertible preferred shares, 5.50% expire 202311 | 3,350 | 382 | |
NextEra Energy, Inc., convertible preferred units, 5.279% 2023 | 4,300 | 213 | |
Essential Utilities, Inc., convertible preferred units, 6.00% 2022 | 2,600 | 149 | |
1,130 | |||
Financials 0.10% | |||
KKR & Co. Inc., Series C, convertible preferred shares, 6.00% | 6,980 | 465 | |
2020 Cash Mandatory Exchangeable Trust, convertible preferred shares, 5.25% 20231 | 411 | 463 | |
928 | |||
Information technology 0.07% | |||
Broadcom Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 450 | 664 | |
Health care 0.07% | |||
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 2023 | 291 | 377 | |
Boston Scientific Corp., Series A, convertible preferred shares, 5.50% 2023 | 1,935 | 207 | |
584 | |||
Total convertible stocks (cost: $2,784,000) | 3,306 | ||
Common stocks 5.47% Health care 2.00% | |||
Rotech Healthcare Inc.7,8,11,12 | 201,793 | 15,841 | |
Advanz Pharma Corp. Ltd.11,12 | 80,350 | 1,366 | |
Advanz Pharma Corp. Ltd.11 | 29,584 | 503 | |
17,710 | |||
Energy 1.79% | |||
Chesapeake Energy Corp.11 | 167,296 | 7,259 | |
Chesapeake Energy Corp.1,7,11 | 844 | 32 | |
Oasis Petroleum Inc. | 43,838 | 2,603 | |
Weatherford International11 | 129,116 | 1,645 | |
Denbury Inc.11 | 32,880 | 1,575 | |
Extraction Oil & Gas, Inc.11 | 29,821 | 1,072 | |
Extraction Oil & Gas, Inc.1,7,8,11,12 | 8,511 | 254 | |
Ascent Resources - Utica, LLC, Class A7,8,11,12 | 6,297,894 | 882 | |
California Resources Corp.11 | 17,202 | 414 | |
McDermott International, Ltd.11 | 107,875 | 86 | |
Mesquite Energy, Inc.7,8,11 | 3,558 | 21 | |
Tapstone Energy, LLC1,7,8,11 | 14,603 | —13 | |
15,843 | |||
Industrials 0.82% | |||
Associated Materials Group Inc.7,8,11 | 949,277 | 7,233 | |
Consumer discretionary 0.51% | |||
MYT Holding Co., Class B7,11 | 608,846 | 3,409 | |
NMG Parent LLC11 | 14,350 | 1,012 | |
NMG Parent LLC1,7,8,11 | 1,615 | 91 | |
4,512 |
American Funds Insurance Series — High-Income Bond Fund — Page 193 of 240
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Common stocks (continued) Materials 0.14% | Shares | Value (000) | |
Hexion Holdings Corp., Class B11 | 81,939 | $1,229 | |
Financials 0.10% | |||
Jonah Energy Parent LLC7,8,11 | 38,716 | 581 | |
Navient Corp. | 20,000 | 286 | |
867 | |||
Information technology 0.07% | |||
MoneyGram International, Inc.11 | 50,000 | 329 | |
Snowflake Inc., Class A11 | 1,200 | 275 | |
604 | |||
Communication services 0.04% | |||
iHeartMedia, Inc., Class A11 | 22,639 | 411 | |
Total common stocks (cost: $37,225,000) | 48,409 | ||
Preferred securities 0.36% Consumer discretionary 0.28% | |||
MYT Holding LLC, Series A, preferred shares | 2,470,906 | 2,514 | |
Industrials 0.08% | |||
ACR III LSC Holdings LLC, Series B, preferred shares1,7,8,11 | 1,022 | 719 | |
Total preferred securities (cost: $3,269,000) | 3,233 | ||
Rights & warrants 0.08% Energy 0.07% | |||
Chesapeake Energy Corp., Class B, warrants, expire 202611 | 14,962 | 295 | |
Chesapeake Energy Corp., Class A, warrants, expire 202611 | 12,565 | 219 | |
Chesapeake Energy Corp., Class C, warrants, expire 202611 | 4,376 | 74 | |
Sable Permian Resources, LLC, Class A, warrants, expire 20247,8,11 | 2,894 | —13 | |
588 | |||
Consumer discretionary 0.01% | |||
NMG Parent LLC, warrants, expire 20277,11 | 27,111 | 98 | |
Total rights & warrants (cost: $2,471,000) | 686 | ||
Short-term securities 3.34% Money market investments 3.34% | |||
Capital Group Central Cash Fund 0.08%14,15 | 296,305 | 29,634 | |
Total short-term securities (cost: $29,629,000) | 29,634 | ||
Total investment securities 98.06% (cost: $838,506,000) | 868,274 | ||
Other assets less liabilities 1.94% | 17,133 | ||
Net assets 100.00% | $885,407 |
American Funds Insurance Series — High-Income Bond Fund — Page 194 of 240
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Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount16 (000) | Value at 3/31/202117 (000) | Unrealized appreciation at 3/31/2021 (000) |
2 Year U.S. Treasury Note Futures | Long | 287 | July 2021 | $57,400 | $63,349 | $5 |
10 Year Ultra U.S. Treasury Note Futures | Short | 24 | June 2021 | (2,400) | (3,448) | 122 |
10 Year U.S. Treasury Note Futures | Short | 212 | June 2021 | (21,200) | (27,759) | 611 |
30 Year Ultra U.S. Treasury Bond Futures | Short | 31 | June 2021 | (3,100) | (5,618) | 261 |
$999 |
Swap contracts
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium received (000) | Unrealized depreciation at 3/31/2021 (000) |
CDX.NA.HY.35 | 5.00%/Quarterly | 12/20/2025 | $25,512 | $(2,322) | $(2,286) | $(36) |
CDX.NA.HY.36 | 5.00%/Quarterly | 6/20/2026 | 20,993 | (1,872) | (1,827) | (45) |
$(4,113) | $(81) |
Investments in affiliates15
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliate at 3/31/2021 (000) | Dividend income (000) | |
Short-term securities 3.34% | |||||||
Money market investments 3.34% | |||||||
Capital Group Central Cash Fund 0.08%14 | $33,493 | $83,146 | $87,005 | $—13 | $—13 | $29,634 | $8 |
1 | Acquired in a transaction exempt from registration under Rule 144A 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 $538,656,000, which represented 60.84% of the net assets of the fund. |
2 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $24,666,000, which represented 2.79% of the net assets of the fund. |
3 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
4 | Scheduled interest and/or principal payment was not received. |
5 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Most recent payment was 100% cash unless otherwise noted. |
6 | Step bond; coupon rate may change at a later date. |
7 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $33,745,000, which represented 3.81% of the net assets of the fund. |
8 | Value determined using significant unobservable inputs. |
9 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $96,000, which represented .01% of the net assets of the fund. |
10 | Index-linked bond whose principal amount moves with a government price index. |
11 | Security did not produce income during the last 12 months. |
12 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear on the following page. |
13 | Amount less than one thousand. |
14 | Rate represents the seven-day yield at 3/31/2021. |
15 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
16 | Notional amount is calculated based on the number of contracts and notional contract size. |
17 | Value is calculated based on the notional amount and current market price. |
American Funds Insurance Series — High-Income Bond Fund — Page 195 of 240
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Private placement securities | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Rotech Healthcare Inc. | 9/26/2013 | $4,331 | $15,841 | 1.79% |
Advanz Pharma Corp. Ltd. | 8/31/2018 | 1,017 | 1,366 | .15 |
Ascent Resources - Utica, LLC, Class A | 11/15/2016 | 302 | 882 | .10 |
Extraction Oil & Gas, Inc. | 1/20/2021 | 215 | 254 | .03 |
Total private placement securities | $ 5,865 | $ 18,343 | 2.07% |
Key to abbreviations and symbol |
Auth. = Authority |
LIBOR = London Interbank Offered Rate |
Rev. = Revenue |
SOFR = Secured Overnight Financing Rate |
USD/$ = U.S. dollars |
American Funds Insurance Series — High-Income Bond Fund — Page 196 of 240
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Bonds, notes & other debt instruments 71.99% Mortgage-backed obligations 58.65% Federal agency mortgage-backed obligations 53.29% | Principal amount (000) | Value (000) | |
Fannie Mae Pool #AS7638 2.50% 20311 | $948 | $987 | |
Fannie Mae Pool #695412 5.00% 20331 | —2 | —2 | |
Fannie Mae Pool #AD3566 5.00% 20351 | 2 | 2 | |
Fannie Mae Pool #256583 5.00% 20361,3 | 35 | 36 | |
Fannie Mae Pool #889101 1.63% 20381,4 | 32 | 33 | |
Fannie Mae Pool #964279 2.633% 20381,4 | 32 | 32 | |
Fannie Mae Pool #964708 2.765% 20381,4 | 4 | 4 | |
Fannie Mae Pool #AC0794 5.00% 20391 | 9 | 11 | |
Fannie Mae Pool #931768 5.00% 20391 | 2 | 2 | |
Fannie Mae Pool #AL9335 2.406% 20401,4 | 1,265 | 1,338 | |
Fannie Mae Pool #932606 5.00% 20401 | 4 | 5 | |
Fannie Mae Pool #AL9326 2.565% 20411,4 | 1,576 | 1,670 | |
Fannie Mae Pool #AL9327 2.679% 20411,4 | 1,162 | 1,233 | |
Fannie Mae Pool #AJ1873 4.00% 20411 | 7 | 8 | |
Fannie Mae Pool #AE1248 5.00% 20411 | 11 | 13 | |
Fannie Mae Pool #AE1274 5.00% 20411 | 9 | 10 | |
Fannie Mae Pool #AE1277 5.00% 20411 | 5 | 6 | |
Fannie Mae Pool #AE1283 5.00% 20411 | 3 | 3 | |
Fannie Mae Pool #AE1290 5.00% 20421 | 6 | 7 | |
Fannie Mae Pool #AT3954 3.50% 20431 | 4 | 4 | |
Fannie Mae Pool #AT0300 3.50% 20431 | 3 | 3 | |
Fannie Mae Pool #AY1829 3.50% 20441 | 4 | 4 | |
Fannie Mae Pool #AW8240 3.50% 20441 | 1 | 1 | |
Fannie Mae Pool #BJ5015 4.00% 20471 | 68 | 74 | |
Fannie Mae Pool #BH3122 4.00% 20471 | 1 | 1 | |
Fannie Mae Pool #BM4488 3.388% 20481,4 | 761 | 793 | |
Fannie Mae Pool #CA2850 4.00% 20481 | 84 | 92 | |
Fannie Mae Pool #BK6840 4.00% 20481 | 46 | 50 | |
Fannie Mae Pool #BK5232 4.00% 20481 | 32 | 35 | |
Fannie Mae Pool #BK9743 4.00% 20481 | 13 | 14 | |
Fannie Mae Pool #BK7665 4.50% 20481 | 302 | 335 | |
Fannie Mae Pool #BK0951 4.50% 20481 | 222 | 246 | |
Fannie Mae Pool #CA2205 4.50% 20481 | 56 | 61 | |
Fannie Mae Pool #BK9761 4.50% 20481 | 11 | 13 | |
Fannie Mae Pool #CA4867 3.00% 20491,3 | 4,352 | 4,585 | |
Fannie Mae Pool #BJ8402 3.551% 20491,4 | 142 | 147 | |
Fannie Mae Pool #CA5496 3.00% 20501 | 3,106 | 3,294 | |
Fannie Mae Pool #MA4256 2.50% 20511 | 7 | 7 | |
Freddie Mac Pool #A18781 5.00% 20341 | 890 | 1,030 | |
Freddie Mac Pool #C91883 4.00% 20361,3 | 3,335 | 3,661 | |
Freddie Mac Pool #840222 2.393% 20401,4 | 357 | 378 | |
Freddie Mac Pool #Q15874 4.00% 20431 | 2 | 2 | |
Freddie Mac Pool #760014 3.039% 20451,4 | 679 | 711 | |
Freddie Mac Pool #760012 3.122% 20451,4 | 64 | 67 | |
Freddie Mac Pool #760013 3.179% 20451,4 | 37 | 39 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 197 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #760015 2.743% 20471,4 | $125 | $131 | |
Freddie Mac Pool #Q52069 3.50% 20471 | 46 | 49 | |
Freddie Mac Pool #Q47615 3.50% 20471 | 29 | 31 | |
Freddie Mac Pool #Q55060 3.50% 20481 | 18 | 19 | |
Freddie Mac Pool #Q56599 4.00% 20481 | 52 | 57 | |
Freddie Mac Pool #Q56175 4.00% 20481 | 37 | 41 | |
Freddie Mac Pool #Q55971 4.00% 20481 | 33 | 37 | |
Freddie Mac Pool #Q55970 4.00% 20481 | 16 | 18 | |
Freddie Mac Pool #Q58411 4.50% 20481 | 104 | 115 | |
Freddie Mac Pool #Q58436 4.50% 20481 | 45 | 51 | |
Freddie Mac Pool #Q58378 4.50% 20481 | 38 | 42 | |
Freddie Mac Pool #Q57242 4.50% 20481 | 30 | 34 | |
Freddie Mac Pool #RA1339 3.00% 20491 | 2,681 | 2,820 | |
Freddie Mac Pool #QA2748 3.50% 20491 | 29 | 31 | |
Freddie Mac Pool #SD7514 3.50% 20501,3 | 9,385 | 10,069 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 20561,4 | 1,186 | 1,255 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 20561 | 1,182 | 1,253 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 20561,4 | 950 | 1,006 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 20561 | 130 | 138 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 20571 | 692 | 724 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 20571,4 | 4,299 | 4,555 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 20571 | 2,456 | 2,638 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 20571 | 1,902 | 2,038 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 20571 | 1,042 | 1,134 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 20581 | 41 | 44 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 20581 | 26 | 28 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 20281 | 5,461 | 5,754 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 20281 | 1,512 | 1,585 | |
Government National Mortgage Assn. 2.00% 20511,5 | 8,022 | 8,087 | |
Government National Mortgage Assn. 2.00% 20511,5 | 4,458 | 4,487 | |
Government National Mortgage Assn. 2.50% 20511,5 | 7,012 | 7,207 | |
Government National Mortgage Assn. 3.00% 20511,5 | 5,450 | 5,678 | |
Government National Mortgage Assn. 3.00% 20511,5 | 799 | 833 | |
Government National Mortgage Assn. 3.00% 20511,5 | 351 | 366 | |
Government National Mortgage Assn. 3.50% 20511,5 | 37 | 39 | |
Government National Mortgage Assn. Pool #AH5894 3.75% 20341 | 975 | 1,062 | |
Government National Mortgage Assn. Pool #AD0028 3.75% 20381 | 656 | 705 | |
Government National Mortgage Assn. Pool #AH5897 3.75% 20391 | 582 | 626 | |
Government National Mortgage Assn. Pool #004410 4.00% 20391 | 59 | 61 | |
Government National Mortgage Assn. Pool #783690 6.00% 20391 | 128 | 147 | |
Government National Mortgage Assn. Pool #004823 4.00% 20401 | 88 | 92 | |
Government National Mortgage Assn. Pool #005142 4.50% 20411 | 29 | 31 | |
Government National Mortgage Assn. Pool #005104 5.00% 20411 | 549 | 605 | |
Government National Mortgage Assn. Pool #005165 6.50% 20411 | 144 | 162 | |
Government National Mortgage Assn. Pool #AA5326 3.50% 20421 | 241 | 248 | |
Government National Mortgage Assn. Pool #MA0366 3.50% 20421 | 209 | 215 | |
Government National Mortgage Assn. Pool #AA5526 3.50% 20421 | 141 | 149 | |
Government National Mortgage Assn. Pool #AF0140 3.50% 20431 | 235 | 249 | |
Government National Mortgage Assn. Pool #AD4360 3.50% 20431 | 95 | 101 | |
Government National Mortgage Assn. Pool #AH5882 3.75% 20441 | 529 | 582 | |
Government National Mortgage Assn. Pool #AH5884 4.25% 20441 | 1,434 | 1,628 | |
Government National Mortgage Assn. Pool #MA3727 4.00% 20461 | 401 | 423 | |
Government National Mortgage Assn. Pool #MA5877 4.50% 20491 | 653 | 707 | |
Government National Mortgage Assn. Pool #MA6092 4.50% 20491 | 287 | 311 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 198 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Government National Mortgage Assn. Pool #MA7193 2.50% 20511 | $487 | $502 | |
Government National Mortgage Assn. Pool #AO0409 4.564% 20651 | 203 | 220 | |
Government National Mortgage Assn. Pool #AO0461 4.576% 20651 | 109 | 118 | |
Government National Mortgage Assn. Pool #AN1825 4.592% 20651 | 349 | 377 | |
Government National Mortgage Assn. Pool #AO0385 4.505% 20661 | 799 | 874 | |
Government National Mortgage Assn. Pool #725897 5.20% 20661 | 2 | 2 | |
Uniform Mortgage-Backed Security 1.50% 20361,5 | 30,980 | 31,074 | |
Uniform Mortgage-Backed Security 2.00% 20361,5 | 10,000 | 10,263 | |
Uniform Mortgage-Backed Security 2.50% 20361,5 | 300 | 312 | |
Uniform Mortgage-Backed Security 2.00% 20511,5 | 21,253 | 21,133 | |
Uniform Mortgage-Backed Security 2.00% 20511,5 | 2,890 | 2,880 | |
Uniform Mortgage-Backed Security 2.50% 20511,5 | 1,409 | 1,443 | |
Uniform Mortgage-Backed Security 2.50% 20511,5 | 682 | 697 | |
Uniform Mortgage-Backed Security 3.00% 20511,5 | 2,383 | 2,482 | |
Uniform Mortgage-Backed Security 3.00% 20511,5 | 1,303 | 1,357 | |
Uniform Mortgage-Backed Security 3.00% 20511,5 | 1,124 | 1,171 | |
Uniform Mortgage-Backed Security 3.50% 20511,5 | 5,207 | 5,501 | |
Uniform Mortgage-Backed Security 4.00% 20511,5 | 77 | 83 | |
Uniform Mortgage-Backed Security 4.50% 20511,5 | 4,578 | 4,985 | |
Vendee Mortgage Trust, Series 2010-1, Class DA, 4.25% 20351 | 32 | 32 | |
177,051 | |||
Collateralized mortgage-backed obligations (privately originated) 4.19% | |||
Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 20481,4,6 | 416 | 419 | |
Cascade Funding Mortgage Trust, Series 2019-HB1, Class A, 2.386% 20291,4,6 | 204 | 205 | |
Cascade Funding Mortgage Trust, Series 2020-HB4, Class A, 0.946% 20301,4,6 | 667 | 668 | |
Cascade Funding Mortgage Trust, Series 2020-HB3, Class A, 2.812% 20301,4,6 | 890 | 899 | |
Cascade Funding Mortgage Trust, Series 2020-HBA, Class A, 3.405% 20301,4,6 | 209 | 211 | |
JPMorgan Mortgage Trust, Series 2019-INV3, Class A3, 3.50% 20501,4,6 | 446 | 460 | |
Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 0.859% 20521,4,6 | 750 | 752 | |
Mello Warehouse Securitization Trust, Series 2020-2, Class A, (1-month USD-LIBOR + 0.80%) 0.909% 20531,4,6 | 583 | 584 | |
Mello Warehouse Securitization Trust, Series 2020-1, Class A, (1-month USD-LIBOR + 0.90%) 1.009% 20531,4,6 | 809 | 810 | |
Mortgage Repurchase Agreement Financing Trust, Series 2020-5, (1-month USD-LIBOR + 1.00%) 1.106% 20231,4,6 | 750 | 753 | |
Nationstar HECM Loan Trust, Series 2019-2A, Class A, 2.272% 20291,4,6 | 249 | 250 | |
Nationstar HECM Loan Trust, Series 2019-1A, Class A, 2.651% 20291,4,6 | 310 | 311 | |
Onslow Bay Financial LLC, Series 2020-INV1, Class A5, 3.50% 20491,4,6 | 257 | 262 | |
Provident Funding Mortgage Warehouse Securitization Trust, Series 2021-1, Class A, (1-month USD-LIBOR + 0.70%) 0.80% 20551,4,6,7 | 768 | 768 | |
RMF Proprietary Issuance Trust, Series 2019-1, Class A, 2.75% 20631,4,6 | 746 | 742 | |
Station Place Securitization Trust, Series 2020-WL1, Class A, (1-month USD-LIBOR + 1.15%) 1.259% 20511,4,6 | 750 | 751 | |
Station Place Securitization Trust, Series 2021-WL1, Class A, (1-month USD-LIBOR + 0.65%) 0.759% 20541,4,6 | 3,950 | 3,954 | |
Towd Point Mortgage Trust, Series 2016-5, Class A1, 2.50% 20561,4,6 | 397 | 404 | |
Towd Point Mortgage Trust, Series 2017-5, Class A1, 0.709% 20571,4,6 | 28 | 28 | |
Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 20601,6 | 675 | 687 | |
13,918 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 199 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Commercial mortgage-backed securities 1.17% | Principal amount (000) | Value (000) | |
MRA Issuance Trust, Series 2021-8, Class A1X, (1-month USD-LIBOR + 1.15%) 1.341% 20211,4,6,7 | $1,625 | $1,625 | |
MRA Issuance Trust, Series 2020-10, Class A, (1-month USD-LIBOR + 1.75%) 2.25% 20211,4,6 | 2,250 | 2,252 | |
3,877 | |||
Total mortgage-backed obligations | 194,846 | ||
U.S. Treasury bonds & notes 11.16% U.S. Treasury 7.59% | |||
U.S. Treasury 0.375% 2025 | 490 | 479 | |
U.S. Treasury 0.375% 2025 | 200 | 196 | |
U.S. Treasury 0.50% 2026 | 2,100 | 2,059 | |
U.S. Treasury 0.75% 2028 | 555 | 532 | |
U.S. Treasury 1.125% 2028 | 2,000 | 1,965 | |
U.S. Treasury 0.625% 2030 | 1,000 | 907 | |
U.S. Treasury 0.875% 2030 | 350 | 324 | |
U.S. Treasury 1.125% 2031 | 1,125 | 1,063 | |
U.S. Treasury 1.375% 2040 | 380 | 324 | |
U.S. Treasury 1.875% 2041 | 1,750 | 1,631 | |
U.S. Treasury 1.25% 2050 | 6,630 | 5,015 | |
U.S. Treasury 1.375% 2050 | 6,000 | 4,690 | |
U.S. Treasury 1.625% 20503 | 7,240 | 6,042 | |
25,227 | |||
U.S. Treasury inflation-protected securities 3.57% | |||
U.S. Treasury Inflation-Protected Security 0.125% 20238 | 1,506 | 1,579 | |
U.S. Treasury Inflation-Protected Security 0.375% 20238 | 1,818 | 1,947 | |
U.S. Treasury Inflation-Protected Security 0.625% 20238 | 259 | 276 | |
U.S. Treasury Inflation-Protected Security 0.125% 20318 | 4,044 | 4,361 | |
U.S. Treasury Inflation-Protected Security 2.125% 20418 | 131 | 191 | |
U.S. Treasury Inflation-Protected Security 0.75% 20423,8 | 1,647 | 1,913 | |
U.S. Treasury Inflation-Protected Security 1.00% 20498 | 1,273 | 1,600 | |
11,867 | |||
Total U.S. Treasury bonds & notes | 37,094 | ||
Asset-backed obligations 2.10% | |||
Ballyrock Ltd., Series 2019-2A, Class A1AR, (3-month USD-LIBOR + 1.00%) 1.182% 20301,4,6 | 250 | 250 | |
Carvana Auto Receivables Trust, Series 2021-P1, Class A3, 0.54% 20251 | 195 | 195 | |
Cent CLO LP, Series 2014-21A, Class AR, (3-month USD-LIBOR + 0.97%) 1.167% 20301,4,6 | 250 | 250 | |
CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20601,6 | 635 | 640 | |
CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20601,6 | 104 | 103 | |
CF Hippolyta LLC, Series 2021-1, Class A1, 1.53% 20611,6 | 992 | 990 | |
Dryden Senior Loan Fund, Series 2014-33A, Class AR3, CLO, (3-month USD-LIBOR + 1.00%) 1.237% 20291,4,6 | 250 | 250 | |
Exeter Automobile Receivables Trust, Series 2019-3A, Class C, 2.79% 20241,6 | 1,000 | 1,019 | |
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 20371,6 | 194 | 192 | |
Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 20691,6 | 244 | 243 | |
Navient Student Loan Trust, Series 2021-B, Class A, 0.94% 20691,6 | 243 | 243 | |
Newark BSL CLO 2 Ltd., Series 2017-1A, Class A1R, (3-month USD-LIBOR + 0.97%) 1.163% 20301,4,6 | 250 | 250 | |
OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20591,4,6 | 123 | 125 | |
Palmer Square Loan Funding, CLO, Series 2019-2, Class A1, (3-month USD-LIBOR + 0.97%) 1.194% 20271,4,6 | 516 | 516 | |
Palmer Square Loan Funding, CLO, Series 2021-1, Class A1, (3-month USD-LIBOR + 0.90%) 1.055% 20291,4,6 | 250 | 250 | |
Palmer Square Ltd., Series 2015-1A, Class A1R3, (3-month USD-LIBOR + 1.00%) 1.245% 20291,4,6 | 330 | 330 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 200 of 240
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Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
Race Point CLO Ltd., Series 2015-9A, Class A1A2, (3-month USD-LIBOR + 0.94%) 1.122% 20301,4,6 | $250 | $250 | |
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 20531,6 | 117 | 116 | |
Sound Point CLO Ltd., Series 2017-3A, Class A1R, (3-month USD-LIBOR + 0.98%) 1.16% 20301,4,6 | 250 | 250 | |
Sound Point CLO Ltd., Series 2017-2A, Class AR, (3-month USD-LIBOR + 0.98%) 1.168% 20301,4,6 | 250 | 250 | |
Sound Point CLO Ltd., Series 2015-1RA, Class AR, (3-month USD-LIBOR + 1.08%) 1.255% 20301,4,6 | 250 | 250 | |
6,962 | |||
Federal agency bonds & notes 0.08% | |||
Fannie Mae 0.875% 2030 | 300 | 278 | |
Total bonds, notes & other debt instruments (cost: $240,414,000) | 239,180 | ||
Short-term securities 59.01% Commercial paper 31.59% | Weighted average yield at acquisition | ||
Amazon.com, Inc. 4/20/20216 | 0.080% | 9,000 | 9,000 |
Chariot Funding, LLC 4/12/20216 | 0.180 | 8,500 | 8,500 |
CHARTA, LLC 4/14/20216 | 0.170 | 9,000 | 9,000 |
Chevron Corp. 4/12/20216 | 0.060 | 3,000 | 3,000 |
Coca-Cola Co. 5/3/20216 | 0.059 | 8,000 | 7,999 |
ExxonMobil Corp. 4/22/2021 | 0.070 | 5,000 | 5,000 |
Inova Health System Foundation 4/13/2021 | 0.140 | 4,300 | 4,300 |
Johnson & Johnson 6/1/20216 | 0.110 | 4,000 | 3,999 |
Kaiser Foundation Hospitals 5/4/2021 | 0.180 | 8,027 | 8,026 |
Manhattan Asset Funding Company LLC 4/5/20216 | 0.120 | 4,200 | 4,200 |
Merck & Co. Inc. 4/16/20216 | 0.054 | 9,200 | 9,200 |
Paccar Financial Corp. 4/7/2021 | 0.070 | 5,000 | 5,000 |
Paccar Financial Corp. 4/16/2021 | 0.070 | 4,000 | 4,000 |
Procter & Gamble Co. 4/7/20216 | 0.110 | 3,200 | 3,200 |
Procter & Gamble Co. 4/9/20216 | 0.109 | 5,000 | 5,000 |
Regents of the University of California 4/12/2021 | 0.080 | 8,410 | 8,409 |
Starbird Funding Corp. 4/1/20216 | 0.070 | 7,100 | 7,100 |
104,933 | |||
Federal agency bills & notes 25.73% | |||
Federal Farm Credit Bank 4/8/2021 | 0.030 | 4,900 | 4,900 |
Federal Farm Credit Bank 5/3/2021 | 0.066 | 8,100 | 8,100 |
Federal Farm Credit Bank 5/5/2021 | 0.100 | 7,700 | 7,700 |
Federal Farm Credit Bank 5/12/2021 | 0.080 | 6,400 | 6,400 |
Federal Farm Credit Bank 8/11/2021 | 0.040 | 3,000 | 2,999 |
Federal Home Loan Bank 4/1/2021 | 0.080 | 5,000 | 5,000 |
Federal Home Loan Bank 4/21/2021 | 0.085 | 7,000 | 7,000 |
Federal Home Loan Bank 4/28/2021 | 0.037 | 4,100 | 4,100 |
Federal Home Loan Bank 4/30/2021 | 0.033 | 8,000 | 8,000 |
Federal Home Loan Bank 5/12/2021 | 0.040 | 5,600 | 5,600 |
Federal Home Loan Bank 5/19/2021 | 0.033 | 8,700 | 8,700 |
Federal Home Loan Bank 5/21/2021 | 0.022 | 10,000 | 9,999 |
Federal Home Loan Bank 6/18/2021 | 0.016 | 4,000 | 4,000 |
Federal Home Loan Bank 8/13/2021 | 0.054 | 3,000 | 2,999 |
85,497 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 201 of 240
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Short-term securities (continued) U.S. Treasury bills 1.69% | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
U.S. Treasury 6/1/2021 | 0.033% | $5,600 | $5,600 |
Total short-term securities (cost: $196,027,000) | 196,030 | ||
Total investment securities 131.00% (cost: $436,441,000) | 435,210 | ||
Other assets less liabilities (31.00)% | (102,989) | ||
Net assets 100.00% | $332,221 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount9 (000) | Value at 3/31/202110 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 27 | July 2021 | $2,700 | $3,332 | $(22) |
10 Year U.S. Treasury Note Futures | Long | 75 | June 2021 | 7,500 | 9,820 | (179) |
10 Year Ultra U.S. Treasury Note Futures | Short | 96 | June 2021 | (9,600) | (13,794) | 293 |
20 Year U.S. Treasury Bond Futures | Long | 4 | June 2021 | 400 | 618 | (26) |
30 Year Ultra U.S. Treasury Bond Futures | Short | 7 | June 2021 | (700) | (1,268) | 60 |
$126 |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium paid (000) | Unrealized appreciation at 3/31/2021 (000) |
3-month USD-LIBOR | 0.243% | 5/2/2024 | $33,400 | $289 | $22 | $267 |
U.S. EFFR | 0.11% | 5/18/2024 | 9,400 | 66 | — | 66 |
3-month USD-LIBOR | 0.32% | 9/23/2025 | 3,600 | 96 | — | 96 |
3-month USD-LIBOR | 0.81% | 7/28/2045 | 5,700 | 1,562 | 16 | 1,546 |
3-month USD-LIBOR | 0.811% | 7/27/2050 | 3,000 | 953 | — | 953 |
$38 | $2,928 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 202 of 240
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1 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
2 | Amount less than one thousand. |
3 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $2,907,000, which represented .88% of the net assets of the fund. |
4 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. |
5 | Purchased on a TBA basis. |
6 | Acquired in a transaction exempt from registration under Rule 144A or Section 4(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 $94,760,000, which represented 28.52% of the net assets of the fund. |
7 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,393,000, which represented .72% of the net assets of the fund. |
8 | Index-linked bond whose principal amount moves with a government price index. |
9 | Notional amount is calculated based on the number of contracts and notional contract size. |
10 | Value is calculated based on the notional amount and current market price. |
Key to abbreviations and symbol |
CLO = Collateralized Loan Obligations |
EFFR = Effective Federal Funds Rate |
LIBOR = London Interbank Offered Rate |
TBA = To-be-announced |
USD/$ = U.S. dollars |
American Funds Insurance Series — American Funds Mortgage Fund — Page 203 of 240
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Short-term securities 98.52% Commercial paper 67.65% | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Australia & New Zealand Banking Group, Ltd. 4/27/20211 | 0.140% | $5,000 | 5,000 |
Australia & New Zealand Banking Group, Ltd. 4/26/20211 | 0.140 | 1,600 | 1,600 |
Bank of Montreal 6/7/2021 | 0.120 | 10,000 | 9,998 |
Banque et Caisse d’Epargne de L’Etat 5/6/2021 | 0.165 | 9,900 | 9,899 |
CAFCO, LLC 4/8/20211 | 0.170 | 7,500 | 7,500 |
Caisse d’Amortissement de la Dette Sociale 5/3/2021 | 0.160 | 10,000 | 9,999 |
Chariot Funding, LLC 4/7/20211 | 0.190 | 10,000 | 10,000 |
Chevron Corp. 5/7/20211 | 0.090 | 9,000 | 8,999 |
Coca-Cola Co. 4/8/20211 | 0.070 | 5,000 | 5,000 |
Commonwealth Bank of Australia 5/4/20211 | 0.130 | 6,850 | 6,849 |
Denmark (Kingdom of) 5/10/2021 | 0.095 | 9,000 | 8,999 |
Emerson Electric Co. 4/21/20211 | 0.070 | 5,000 | 5,000 |
Export Development Canada 4/26/2021 | 0.090 | 10,000 | 10,000 |
FMS Wertmanagement 6/2/20211 | 0.145 | 7,500 | 7,498 |
Hydro-Québec 5/19/20211 | 0.070 | 5,700 | 5,700 |
ING (U.S.) Funding LLC 6/4/2021 | 0.138 | 5,000 | 4,999 |
ING (U.S.) Funding LLC 6/30/20211 | 0.140 | 2,500 | 2,499 |
KfW 4/23/20211 | 0.100 | 2,000 | 2,000 |
Liberty Street Funding LLC 6/7/20211 | 0.130 | 9,000 | 8,998 |
Manhattan Asset Funding Company LLC 4/23/20211 | 0.110 | 2,000 | 2,000 |
Merck & Co. Inc. 4/9/20211 | 0.060 | 10,000 | 10,000 |
Nederlandse Waterschapsbank NV 4/21/20211 | 0.110 | 8,000 | 8,000 |
Nestlé Finance International Ltd. 5/3/20211 | 0.060 | 8,400 | 8,399 |
Novartis Finance Corp. 4/16/20211 | 0.060 | 9,700 | 9,699 |
NRW.Bank 6/16/20211 | 0.132 | 10,000 | 9,997 |
Oesterreich Kontrollbank CP 4/22/2021 | 0.073 | 9,830 | 9,830 |
Shell International Finance BV 5/25/20211 | 0.200 | 7,000 | 6,999 |
Starbird Funding Corp. 5/10/20211 | 0.140 | 5,000 | 4,999 |
Starbird Funding Corp. 4/1/20211 | 0.070 | 3,000 | 3,000 |
Svenska Handelsbanken Inc. 4/5/20211 | 0.160 | 2,900 | 2,900 |
Thunder Bay Funding, LLC 5/17/20211 | 0.160 | 10,000 | 9,998 |
Total Capital Canada Ltd. 5/25/20211 | 0.120 | 8,000 | 7,998 |
Unilever Capital Corp. 6/1/20211 | 0.070 | 9,000 | 8,999 |
Victory Receivables Corp. 4/21/20211 | 0.100 | 5,800 | 5,800 |
Victory Receivables Corp. 5/12/20211 | 0.110 | 5,000 | 4,999 |
244,154 | |||
U.S. Treasury bills 17.96% | |||
U.S. Treasury 5/20/2021 | 0.039 | 16,000 | 15,999 |
U.S. Treasury 5/13/2021 | 0.041 | 13,900 | 13,900 |
U.S. Treasury 4/13/2021 | 0.095 | 10,100 | 10,100 |
U.S. Treasury 5/6/2021 | 0.081 | 10,000 | 10,000 |
U.S. Treasury 4/6/2021 | 0.081 | 7,800 | 7,800 |
U.S. Treasury 5/27/2021 | 0.072 | 6,000 | 6,000 |
U.S. Treasury 6/15/2021 | 0.056 | 1,000 | 1,000 |
64,799 |
American Funds Insurance Series — Ultra-Short Bond Fund — Page 204 of 240
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Short-term securities (continued) Federal agency bills & notes 12.91% | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Federal Farm Credit Banks 5/14/2021 | 0.080% | $5,000 | $5,000 |
Federal Home Loan Bank 5/12/2021 | 0.039 | 13,600 | 13,599 |
Federal Home Loan Bank 5/21/2021 | 0.030 | 12,000 | 11,999 |
Federal Home Loan Bank 4/28/2021 | 0.032 | 5,000 | 5,000 |
Federal Home Loan Bank 4/21/2021 | 0.035 | 4,200 | 4,200 |
Federal Home Loan Bank 5/5/2021 | 0.032 | 3,886 | 3,886 |
Federal Home Loan Bank 6/23/2021 | 0.015 | 2,900 | 2,900 |
46,584 | |||
Total short-term securities (cost: $355,530,000) | 355,537 | ||
Total investment securities 98.52% (cost: $355,530,000) | 355,537 | ||
Other assets less liabilities 1.48% | 5,344 | ||
Net assets 100.00% | $360,881 |
1 | Acquired in a transaction exempt from registration under Rule 144A or Section 4(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 $180,430,000, which represented 50.00% of the net assets of the fund. |
American Funds Insurance Series — Ultra-Short Bond Fund — Page 205 of 240
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Bonds, notes & other debt instruments 81.06% U.S. Treasury bonds & notes 42.84% U.S. Treasury 25.45% | Principal amount (000) | Value (000) | |
U.S. Treasury 2.00% 2021 | $2,000 | $2,023 | |
U.S. Treasury 1.375% 2022 | 1,100 | 1,112 | |
U.S. Treasury 1.75% 2022 | 3,000 | 3,058 | |
U.S. Treasury 2.125% 2023 | —1 | —1 | |
U.S. Treasury 2.875% 2023 | 5,000 | 5,345 | |
U.S. Treasury 0.25% 2025 | 47,000 | 45,984 | |
U.S. Treasury 0.25% 2025 | 4,000 | 3,902 | |
U.S. Treasury 0.375% 2025 | 78,000 | 76,188 | |
U.S. Treasury 0.375% 2025 | 10,000 | 9,783 | |
U.S. Treasury 1.625% 2026 | 10,000 | 10,284 | |
U.S. Treasury 0.50% 2027 | 5,314 | 5,052 | |
U.S. Treasury 0.625% 2027 | 30,000 | 28,567 | |
U.S. Treasury 1.125% 2028 | 450 | 442 | |
U.S. Treasury 1.25% 2028 | 250 | 247 | |
U.S. Treasury 0.625% 2030 | 1,175 | 1,065 | |
U.S. Treasury 0.875% 2030 | 46,145 | 42,695 | |
U.S. Treasury 1.125% 2040 | 10,750 | 8,756 | |
U.S. Treasury 1.125% 2040 | 7,000 | 5,723 | |
U.S. Treasury 1.875% 2041 | 125 | 117 | |
U.S. Treasury 2.50% 2046 | 5,400 | 5,514 | |
U.S. Treasury 2.50% 2046 | 3,900 | 3,982 | |
U.S. Treasury 2.875% 2046 | 2,700 | 2,956 | |
U.S. Treasury 2.25% 20492 | 25,700 | 24,898 | |
U.S. Treasury 2.375% 2049 | 13,000 | 12,942 | |
U.S. Treasury 2.875% 2049 | 26,000 | 28,600 | |
U.S. Treasury 3.00% 20492 | 22,500 | 25,326 | |
U.S. Treasury 1.25% 2050 | 46,400 | 35,099 | |
U.S. Treasury 1.375% 20502 | 100,000 | 78,169 | |
U.S. Treasury 1.625% 20502 | 72,330 | 60,367 | |
U.S. Treasury 1.875% 2051 | 4,706 | 4,180 | |
532,376 | |||
U.S. Treasury inflation-protected securities 17.39% | |||
U.S. Treasury Inflation-Protected Security 0.125% 20213 | 66,212 | 66,384 | |
U.S. Treasury Inflation-Protected Security 0.125% 20223 | 6,125 | 6,262 | |
U.S. Treasury Inflation-Protected Security 0.125% 20233 | 7,360 | 7,722 | |
U.S. Treasury Inflation-Protected Security 0.375% 20233 | 15,734 | 16,848 | |
U.S. Treasury Inflation-Protected Security 0.625% 20233 | 55,285 | 58,824 | |
U.S. Treasury Inflation-Protected Security 0.125% 20243 | 46,995 | 50,883 | |
U.S. Treasury Inflation-Protected Security 0.125% 20303 | 20,300 | 22,057 | |
U.S. Treasury Inflation-Protected Security 0.125% 20303 | 6,250 | 6,771 | |
U.S. Treasury Inflation-Protected Security 0.125% 20313 | 71,784 | 77,402 | |
U.S. Treasury Inflation-Protected Security 2.125% 20413 | 370 | 538 | |
U.S. Treasury Inflation-Protected Security 0.75% 20422,3 | 15,267 | 17,730 | |
U.S. Treasury Inflation-Protected Security 0.625% 20433 | 6,939 | 7,875 |
American Funds Insurance Series — U.S. Government/AAA-Rated Securities Fund — Page 206 of 240
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Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury inflation-protected securities (continued) | Principal amount (000) | Value (000) | |
U.S. Treasury Inflation-Protected Security 1.00% 20493 | $8,315 | $10,451 | |
U.S. Treasury Inflation-Protected Security 0.25% 20503 | 321 | 337 | |
U.S. Treasury Inflation-Protected Security 0.125% 20513 | 13,446 | 13,605 | |
363,689 | |||
Total U.S. Treasury bonds & notes | 896,065 | ||
Mortgage-backed obligations 25.64% Federal agency mortgage-backed obligations 25.64% | |||
Fannie Mae Pool #257104 6.50% 20284 | 77 | 86 | |
Fannie Mae Pool #695412 5.00% 20334 | 1 | 1 | |
Fannie Mae Pool #AD3566 5.00% 20354 | 8 | 9 | |
Fannie Mae Pool #MA2746 4.00% 20364 | 2,179 | 2,391 | |
Fannie Mae Pool #MA2588 4.00% 20364 | 1,143 | 1,250 | |
Fannie Mae Pool #256860 6.50% 20374 | 19 | 22 | |
Fannie Mae Pool #888698 7.00% 20374 | 41 | 48 | |
Fannie Mae Pool #256828 7.00% 20374 | 3 | 3 | |
Fannie Mae Pool #970343 6.00% 20384 | 15 | 16 | |
Fannie Mae Pool #AC0794 5.00% 20394 | 38 | 44 | |
Fannie Mae Pool #931768 5.00% 20394 | 6 | 7 | |
Fannie Mae Pool #932606 5.00% 20404 | 17 | 20 | |
Fannie Mae Pool #AJ1873 4.00% 20414 | 28 | 32 | |
Fannie Mae Pool #AI1862 5.00% 20414 | 565 | 658 | |
Fannie Mae Pool #AI3510 5.00% 20414 | 340 | 396 | |
Fannie Mae Pool #AJ0704 5.00% 20414 | 324 | 377 | |
Fannie Mae Pool #AJ5391 5.00% 20414 | 176 | 204 | |
Fannie Mae Pool #AE1248 5.00% 20414 | 45 | 52 | |
Fannie Mae Pool #AE1274 5.00% 20414 | 35 | 41 | |
Fannie Mae Pool #AE1277 5.00% 20414 | 21 | 24 | |
Fannie Mae Pool #AE1283 5.00% 20414 | 12 | 13 | |
Fannie Mae Pool #AE1290 5.00% 20424 | 25 | 29 | |
Fannie Mae Pool #AT7161 3.50% 20434 | 73 | 80 | |
Fannie Mae Pool #AT3954 3.50% 20434 | 15 | 16 | |
Fannie Mae Pool #AT0300 3.50% 20434 | 11 | 12 | |
Fannie Mae Pool #BM6240 2.325% 20444,5 | 726 | 768 | |
Fannie Mae Pool #AY1829 3.50% 20444 | 15 | 16 | |
Fannie Mae Pool #AW8240 3.50% 20444 | 4 | 4 | |
Fannie Mae Pool #BE5017 3.50% 20454 | 86 | 93 | |
Fannie Mae Pool #MA3120 3.50% 20474 | 4,704 | 4,994 | |
Fannie Mae Pool #BE8740 3.50% 20474 | 81 | 88 | |
Fannie Mae Pool #BE8742 3.50% 20474 | 27 | 29 | |
Fannie Mae Pool #BH2846 3.50% 20474 | 11 | 12 | |
Fannie Mae Pool #BH2848 3.50% 20474 | 10 | 10 | |
Fannie Mae Pool #BH2847 3.50% 20474 | 9 | 10 | |
Fannie Mae Pool #BJ5015 4.00% 20474 | 270 | 296 | |
Fannie Mae Pool #BH2597 4.00% 20474 | 9 | 10 | |
Fannie Mae Pool #BH3122 4.00% 20474 | 5 | 6 | |
Fannie Mae Pool #BM3788 3.50% 20484 | 5,191 | 5,600 | |
Fannie Mae Pool #FM3164 3.50% 20484 | 3,328 | 3,513 | |
Fannie Mae Pool #BJ4901 3.50% 20484 | 53 | 57 | |
Fannie Mae Pool #CA2850 4.00% 20484 | 335 | 370 | |
Fannie Mae Pool #BK6840 4.00% 20484 | 183 | 200 | |
Fannie Mae Pool #BK5232 4.00% 20484 | 129 | 141 | |
Fannie Mae Pool #BK9743 4.00% 20484 | 50 | 55 |
American Funds Insurance Series — U.S. Government/AAA-Rated Securities Fund — Page 207 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Fannie Mae Pool #BK7665 4.50% 20484 | $1,207 | $1,342 | |
Fannie Mae Pool #BK0951 4.50% 20484 | 888 | 985 | |
Fannie Mae Pool #BK9761 4.50% 20484 | 46 | 51 | |
Fannie Mae Pool #CA1909 4.50% 20484 | 43 | 47 | |
Fannie Mae Pool #CA4151 3.50% 20494 | 809 | 876 | |
Fannie Mae Pool #FM1062 3.50% 20494 | 719 | 778 | |
Fannie Mae Pool #FM1443 3.50% 20494 | 582 | 628 | |
Fannie Mae Pool #BJ8411 3.50% 20494 | 173 | 186 | |
Fannie Mae Pool #FM2179 3.00% 20504 | 6,698 | 7,088 | |
Fannie Mae Pool #FM3834 4.50% 20504 | 2,075 | 2,253 | |
Fannie Mae Pool #MA4256 2.50% 20514 | 11 | 11 | |
Fannie Mae, Series 2001-4, Class NA, 9.008% 20254,5 | —1 | —1 | |
Fannie Mae, Series 2001-4, Class GA, 9.023% 20254,5 | —1 | —1 | |
Fannie Mae, Series 2012-M2, Class A2, Multi Family, 2.717% 20224 | 399 | 404 | |
Fannie Mae, Series 2012-M3, Class 1A2, Multi Family, 3.044% 20224 | 435 | 442 | |
Fannie Mae, Series 2014-M1, Class A2, Multi Family, 3.13% 20234,5 | 561 | 588 | |
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 3.501% 20244,5 | 1,154 | 1,233 | |
Freddie Mac Pool #1H1354 2.442% 20364,5 | 111 | 118 | |
Freddie Mac Pool #C03518 5.00% 20404 | 498 | 574 | |
Freddie Mac Pool #G06459 5.00% 20414 | 1,084 | 1,263 | |
Freddie Mac Pool #841039 2.754% 20434,5 | 734 | 780 | |
Freddie Mac Pool #Q19133 3.50% 20434 | 47 | 51 | |
Freddie Mac Pool #Q17696 3.50% 20434 | 43 | 47 | |
Freddie Mac Pool #Q23190 4.00% 20434 | 254 | 282 | |
Freddie Mac Pool #Q15874 4.00% 20434 | 7 | 7 | |
Freddie Mac Pool #Q28558 3.50% 20444 | 283 | 305 | |
Freddie Mac Pool #760014 3.039% 20454,5 | 543 | 569 | |
Freddie Mac Pool #Q52069 3.50% 20474 | 124 | 134 | |
Freddie Mac Pool #Q47615 3.50% 20474 | 78 | 84 | |
Freddie Mac Pool #ZM4352 3.50% 20474 | 12 | 13 | |
Freddie Mac Pool #Q54709 3.50% 20484 | 93 | 100 | |
Freddie Mac Pool #Q54701 3.50% 20484 | 86 | 93 | |
Freddie Mac Pool #Q54782 3.50% 20484 | 73 | 79 | |
Freddie Mac Pool #Q54781 3.50% 20484 | 72 | 78 | |
Freddie Mac Pool #Q55060 3.50% 20484 | 70 | 75 | |
Freddie Mac Pool #Q54700 3.50% 20484 | 66 | 71 | |
Freddie Mac Pool #Q56590 3.50% 20484 | 42 | 45 | |
Freddie Mac Pool #Q56589 3.50% 20484 | 41 | 44 | |
Freddie Mac Pool #Q54699 3.50% 20484 | 32 | 35 | |
Freddie Mac Pool #Q54698 3.50% 20484 | 33 | 35 | |
Freddie Mac Pool #Q54831 3.50% 20484 | 23 | 25 | |
Freddie Mac Pool #G67711 4.00% 20484 | 2,398 | 2,635 | |
Freddie Mac Pool #Q56599 4.00% 20484 | 208 | 229 | |
Freddie Mac Pool #Q56175 4.00% 20484 | 149 | 164 | |
Freddie Mac Pool #Q55971 4.00% 20484 | 134 | 147 | |
Freddie Mac Pool #Q56576 4.00% 20484 | 111 | 119 | |
Freddie Mac Pool #Q55970 4.00% 20484 | 66 | 72 | |
Freddie Mac Pool #Q58411 4.50% 20484 | 414 | 461 | |
Freddie Mac Pool #Q58436 4.50% 20484 | 181 | 203 | |
Freddie Mac Pool #Q58378 4.50% 20484 | 151 | 167 | |
Freddie Mac Pool #Q57242 4.50% 20484 | 122 | 134 | |
Freddie Mac Pool #ZT0522 4.50% 20484 | 50 | 55 | |
Freddie Mac Pool #ZS4774 4.50% 20484 | 47 | 51 | |
Freddie Mac Pool #RA1463 3.50% 20494 | 555 | 600 |
American Funds Insurance Series — U.S. Government/AAA-Rated Securities Fund — Page 208 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #QA0284 3.50% 20494 | $343 | $370 | |
Freddie Mac Pool #RA1580 3.50% 20494 | 282 | 305 | |
Freddie Mac Pool #QA2748 3.50% 20494 | 78 | 84 | |
Freddie Mac Pool #RA2236 4.50% 20494 | 637 | 695 | |
Freddie Mac Pool #QA4453 4.50% 20494 | 43 | 47 | |
Freddie Mac, Series 1567, Class A, (1-month USD-LIBOR + 0.40%) 0.512% 20234,5 | 5 | 5 | |
Freddie Mac, Series K031, Class A1, Multi Family, 2.778% 20224 | 173 | 176 | |
Freddie Mac, Series KS01, Class A2, Multi Family, 2.522% 20234 | 722 | 740 | |
Freddie Mac, Series K029, Class A2, Multi Family, 3.32% 20234 | 200 | 210 | |
Freddie Mac, Series K035, Class A2, Multi Family, 3.458% 20234,5 | 2,565 | 2,734 | |
Freddie Mac, Series K034, Class A2, Multi Family, 3.531% 20234 | 2,745 | 2,927 | |
Freddie Mac, Series K040, Class A2, Multi Family, 3.241% 20244 | 1,363 | 1,474 | |
Freddie Mac, Series K038, Class A2, Multi Family, 3.389% 20244 | 4,698 | 5,059 | |
Freddie Mac, Series K063, Class A2, Multi Family, 3.43% 20274 | 736 | 819 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 20564 | 7,869 | 8,339 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 20564,5 | 7,305 | 7,735 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 20564,5 | 7,142 | 7,562 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 20564 | 2,192 | 2,299 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 20564 | 427 | 455 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 20574 | 2,270 | 2,372 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 20574,5 | 4,116 | 4,361 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 20574 | 7,030 | 7,651 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 20574 | 5,275 | 5,667 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 20574 | 2,565 | 2,748 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MA, 3.50% 20574 | 1,093 | 1,172 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 20584 | 4,447 | 4,792 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 20584 | 2,569 | 2,787 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 20584 | 1,305 | 1,405 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 20584 | 967 | 1,052 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 20584 | 558 | 607 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 20594 | 5,050 | 5,351 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 20284 | 31,404 | 33,091 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 20284 | 7,401 | 7,759 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 20294 | 9,335 | 9,824 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2020-1, Class A1D, 2.00% 20304 | 3,004 | 3,062 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2020-1, Class A2D, 2.00% 20304 | 535 | 514 | |
Government National Mortgage Assn. 2.00% 20514,6 | 901 | 909 | |
Government National Mortgage Assn. 2.00% 20514,6 | 359 | 361 | |
Government National Mortgage Assn. 2.50% 20514,6 | 409 | 420 | |
Government National Mortgage Assn. 3.00% 20514,6 | 903 | 941 | |
Government National Mortgage Assn. 3.00% 20514,6 | 397 | 413 | |
Government National Mortgage Assn. Pool #698668 5.50% 20384 | 161 | 184 | |
Government National Mortgage Assn. Pool #699537 5.50% 20384 | 53 | 58 | |
Government National Mortgage Assn. Pool #700778 5.50% 20384 | 25 | 29 | |
Government National Mortgage Assn. Pool #782365 6.00% 20384 | 139 | 166 | |
Government National Mortgage Assn. Pool #004269 6.50% 20384 | 243 | 289 | |
Government National Mortgage Assn. Pool #698406 5.00% 20394 | 282 | 325 | |
Government National Mortgage Assn. Pool #783690 6.00% 20394 | 128 | 147 | |
Government National Mortgage Assn. Pool #783689 5.50% 20404 | 3,765 | 4,363 | |
Government National Mortgage Assn. Pool #783687 4.50% 20414 | 797 | 878 | |
Government National Mortgage Assn. Pool #783688 5.00% 20414 | 1,436 | 1,624 | |
Government National Mortgage Assn. Pool #MA0533 3.00% 20424 | 29 | 31 | |
Government National Mortgage Assn. Pool #MA1012 3.50% 20434 | 1,020 | 1,108 | |
Government National Mortgage Assn. Pool #MA5764 4.50% 20494 | 8,367 | 9,069 |
American Funds Insurance Series — U.S. Government/AAA-Rated Securities Fund — Page 209 of 240
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Government National Mortgage Assn. Pool #MA5877 4.50% 20494 | $3,776 | $4,088 | |
Government National Mortgage Assn. Pool #MA6092 4.50% 20494 | 657 | 712 | |
Government National Mortgage Assn. Pool #MA7052 2.50% 20504 | 5,982 | 6,179 | |
Government National Mortgage Assn. Pool #MA7193 2.50% 20514 | 51 | 53 | |
Uniform Mortgage-Backed Security 1.50% 20364,6 | 121,316 | 121,682 | |
Uniform Mortgage-Backed Security 2.00% 20364,6 | 59,105 | 60,588 | |
Uniform Mortgage-Backed Security 2.00% 20364,6 | 14,263 | 14,638 | |
Uniform Mortgage-Backed Security 2.00% 20514,6 | 24,081 | 23,945 | |
Uniform Mortgage-Backed Security 2.00% 20514,6 | 3,192 | 3,181 | |
Uniform Mortgage-Backed Security 2.50% 20514,6 | 64,911 | 66,476 | |
Uniform Mortgage-Backed Security 2.50% 20514,6 | 1,129 | 1,154 | |
Uniform Mortgage-Backed Security 3.00% 20514,6 | 500 | 521 | |
Uniform Mortgage-Backed Security 3.00% 20514,6 | 166 | 173 | |
Uniform Mortgage-Backed Security 3.00% 20514,6 | 36 | 37 | |
Uniform Mortgage-Backed Security 3.50% 20514,6 | 20,663 | 21,830 | |
Uniform Mortgage-Backed Security 4.50% 20514,6 | 2,550 | 2,777 | |
Uniform Mortgage-Backed Security 4.50% 20514,6 | 1,200 | 1,307 | |
Vendee Mortgage Trust, Series 2010-1, Class DA, 4.25% 20354 | 360 | 360 | |
Total mortgage-backed obligations | 536,225 | ||
Federal agency bonds & notes 12.58% | |||
Export-Import Bank of the United States-Guaranteed, Ethiopian Leasing 2012 LLC 2.646% 2026 | 461 | 485 | |
Fannie Mae 1.25% 2021 | 2,900 | 2,912 | |
Fannie Mae 2.875% 2023 | 36,000 | 38,321 | |
Fannie Mae 0.625% 2025 | 10,000 | 9,979 | |
Fannie Mae 0.75% 2027 | 2,900 | 2,794 | |
Fannie Mae 0.875% 2030 | 8,600 | 7,971 | |
Fannie Mae 7.125% 2030 | 2,000 | 2,882 | |
Federal Farm Credit Banks 0.375% 2022 | 1,500 | 1,505 | |
Federal Home Loan Bank 3.375% 2023 | 16,715 | 17,987 | |
Federal Home Loan Bank 3.25% 2028 | 6,500 | 7,317 | |
Federal Home Loan Bank 5.50% 2036 | 300 | 433 | |
Private Export Funding Corp. 3.266% 20217 | 34,000 | 34,641 | |
Private Export Funding Corp. 3.55% 2024 | 3,190 | 3,471 | |
Small Business Administration, Series 2001-20F, 6.44% 2021 | 7 | 7 | |
Tennessee Valley Authority 0.75% 2025 | 1,800 | 1,800 | |
Tennessee Valley Authority 2.875% 2027 | 5,000 | 5,474 | |
Tennessee Valley Authority 4.65% 2035 | 1,780 | 2,285 | |
Tennessee Valley Authority 5.88% 2036 | 875 | 1,254 | |
Tennessee Valley Authority, Series A, 4.625% 2060 | 250 | 340 | |
TVA Southaven 3.846% 2033 | 1,057 | 1,144 | |
U.S. Agency for International Development, Iraq (State of) 2.149% 2022 | 3,370 | 3,422 | |
U.S. Agency for International Development, Jordan (Kingdom of) 2.578% 2022 | 41,500 | 42,768 | |
U.S. Agency for International Development, Jordan (Kingdom of) 3.00% 2025 | 14,779 | 15,935 | |
U.S. Agency for International Development, Morocco (Kingdom of) 7.55% 2026 | 2,489 | 2,842 | |
U.S. Agency for International Development, Tunisia (Kingdom of) 1.416% 2021 | 1,500 | 1,510 | |
U.S. Agency for International Development, Ukraine 1.471% 2021 | 2,210 | 2,229 | |
U.S. Department of Housing and Urban Development, Series 2015-A-7, 2.35% 2021 | 3,750 | 3,778 | |
U.S. Department of Housing and Urban Development, Series 2015-A-8, 2.45% 2022 | 6,000 | 6,183 | |
U.S. Department of Housing and Urban Development, Series 2015-A-9, 2.80% 2023 | 1,500 | 1,588 | |
U.S. Department of Housing and Urban Development, Series 2015-A-10, 2.85% 2024 | 2,250 | 2,428 | |
U.S. Department of Housing and Urban Development, Series 2015-A-11, 2.95% 2025 | 2,640 | 2,842 | |
U.S. Department of Housing and Urban Development, Series 2015-A-12, 3.10% 2026 | 2,625 | 2,830 | |
U.S. Department of Housing and Urban Development, Series 2015-A-13, 3.15% 2027 | 11,482 | 12,372 |
American Funds Insurance Series — U.S. Government/AAA-Rated Securities Fund — Page 210 of 240
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Bonds, notes & other debt instruments (continued) Federal agency bonds & notes (continued) | Principal amount (000) | Value (000) | |
U.S. Department of Housing and Urban Development, Series 2015-A-14, 3.25% 2028 | $3,856 | $4,160 | |
U.S. Department of Housing and Urban Development, Series 2015-A-15, 3.35% 2029 | 2,650 | 2,864 | |
U.S. Department of Housing and Urban Development, Series 2015-A-16, 3.50% 2030 | 2,482 | 2,645 | |
U.S. Department of Housing and Urban Development, Series 2015-A-17, 3.55% 2031 | 2,475 | 2,641 | |
U.S. Department of Housing and Urban Development, Series 2015-A-18, 3.60% 2032 | 2,377 | 2,540 | |
U.S. Department of Housing and Urban Development, Series 2015-A-19, 3.65% 2033 | 2,059 | 2,204 | |
U.S. Department of Housing and Urban Development, Series 2015-A-20, 3.70% 2034 | 651 | 698 | |
U.S. Government-Guaranteed Certificates of Participation, Overseas Private Investment Corp. 3.82% 2032 | 833 | 953 | |
U.S. Government-Guaranteed Certificates of Participation, Overseas Private Investment Corp. 3.938% 2032 | 681 | 773 | |
263,207 | |||
Total bonds, notes & other debt instruments (cost: $1,728,717,000) | 1,695,497 | ||
Short-term securities 33.76% Commercial paper 26.64% | Weighted average yield at acquisition | ||
Amazon.com, Inc. 5/3/20217 | 0.060% | 45,700 | 45,699 |
Apple Inc. 4/19/20217 | 0.090 | 20,000 | 19,999 |
CAFCO, LLC 5/3/20217 | 0.130 | 18,100 | 18,098 |
Chariot Funding, LLC 5/19/20217 | 0.140 | 38,717 | 38,710 |
Chariot Funding, LLC 5/21/20217 | 0.140 | 15,000 | 14,997 |
CHARTA, LLC 6/16/20217 | 0.130 | 10,000 | 9,997 |
Chevron Corp. 4/14/20217 | 0.090 | 10,000 | 10,000 |
Chevron Corp. 5/5/20217 | 0.090 | 28,400 | 28,398 |
Coca-Cola Co. 5/3/20217 | 0.059 | 17,000 | 16,999 |
CRC Funding, LLC 4/7/20217 | 0.200 | 25,000 | 25,000 |
CRC Funding, LLC 4/22/20217 | 0.100 | 2,500 | 2,500 |
Exxon Mobil Corp. 5/10/2021 | 0.110 | 25,000 | 24,998 |
Henkel of America, Inc. 4/5/20217 | 0.160 | 11,200 | 11,200 |
Johnson & Johnson 6/1/20217 | 0.110 | 26,000 | 25,998 |
Kaiser Foundation Hospitals 5/4/2021 | 0.180 | 17,000 | 16,997 |
Kimberly-Clark Corp. 4/7/20217 | 0.070 | 16,800 | 16,800 |
Manhattan Asset Funding Company LLC 4/5/20217 | 0.120 | 10,200 | 10,200 |
Merck & Co. Inc. 4/14/20217 | 0.056 | 30,000 | 29,999 |
Merck & Co. Inc. 4/16/20217 | 0.059 | 10,000 | 10,000 |
Merck & Co. Inc. 5/4/20217 | 0.058 | 15,000 | 14,999 |
Nestlé Finance International Ltd. 4/8/20217 | 0.050 | 30,000 | 30,000 |
Paccar Financial Corp. 4/7/2021 | 0.070 | 15,000 | 15,000 |
Paccar Financial Corp. 4/16/2021 | 0.070 | 21,000 | 20,999 |
Procter & Gamble Co. 4/7/20217 | 0.110 | 4,250 | 4,250 |
Procter & Gamble Co. 4/9/20217 | 0.109 | 25,000 | 25,000 |
Procter & Gamble Co. 4/15/20217 | 0.109 | 10,000 | 10,000 |
Starbird Funding Corp. 4/1/20217 | 0.070 | 60,300 | 60,300 |
557,137 | |||
Federal agency bills & notes 6.41% | |||
Federal Farm Credit Bank 4/23/2021 | 0.010 | 5,000 | 5,000 |
Federal Farm Credit Bank 5/3/2021 | 0.042 | 13,900 | 13,899 |
Federal Farm Credit Bank 5/5/2021 | 0.100 | 17,300 | 17,299 |
Federal Farm Credit Bank 8/25/2021 | 0.088 | 10,000 | 9,997 |
Federal Farm Credit Bank 9/8/2021 | 0.070 | 10,000 | 9,997 |
Federal Farm Credit Banks 6/7/2021 | 0.010 | 25,000 | 24,998 |
Federal Home Loan Bank 4/12/2021 | 0.080 | 15,000 | 15,000 |
American Funds Insurance Series — U.S. Government/AAA-Rated Securities Fund — Page 211 of 240
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Short-term securities (continued) Federal agency bills & notes (continued) | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Federal Home Loan Bank 5/14/2021 | 0.010% | $13,000 | $12,999 |
Federal Home Loan Bank 5/26/2021 | 0.031 | 25,000 | 24,999 |
134,188 | |||
U.S. Treasury bills 0.71% | |||
U.S. Treasury 4/22/2021 | 0.072 | 5,300 | 5,300 |
U.S. Treasury 5/13/2021 | 0.040 | 9,500 | 9,500 |
14,800 | |||
Total short-term securities (cost: $706,117,000) | 706,125 | ||
Total investment securities 114.82% (cost: $2,434,834,000) | 2,401,622 | ||
Other assets less liabilities (14.82)% | (310,027) | ||
Net assets 100.00% | $2,091,595 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount8 (000) | Value at 3/31/20219 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
90 Day Euro Dollar Futures | Long | 5,046 | December 2022 | $1,261,500 | $1,255,193 | $(851) |
2 Year U.S. Treasury Note Futures | Short | 161 | July 2021 | (32,200) | (35,537) | 31 |
5 Year U.S. Treasury Note Futures | Long | 2,312 | July 2021 | 231,200 | 285,297 | (2,610) |
10 Year U.S. Treasury Note Futures | Short | 448 | June 2021 | (44,800) | (58,660) | 1,140 |
10 Year Ultra U.S. Treasury Note Futures | Short | 1,857 | June 2021 | (185,700) | (266,828) | 9,209 |
20 Year U.S. Treasury Bond Futures | Long | 729 | June 2021 | 72,900 | 112,699 | (4,504) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 287 | June 2021 | 28,700 | 52,010 | (2,136) |
$279 |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium received (000) | Unrealized appreciation (depreciation) at 3/31/2021 (000) |
2.5775% | U.S. EFFR | 7/16/2022 | $181,639 | $4,610 | $— | $4,610 |
1.2525% | U.S. EFFR | 2/14/2023 | 156,941 | 3,344 | — | 3,344 |
0.2405% | U.S. EFFR | 3/1/2024 | 61,600 | (140) | — | (140) |
0.241% | U.S. EFFR | 3/1/2024 | 209,400 | (473) | — | (473) |
U.S. EFFR | 0.11% | 5/18/2024 | 163,600 | 1,156 | — | 1,156 |
U.S. EFFR | 0.126% | 6/25/2025 | 20,100 | 455 | — | 455 |
U.S. EFFR | 0.1275% | 6/25/2025 | 20,100 | 454 | — | 454 |
U.S. EFFR | 0.106% | 6/30/2025 | 22,492 | 534 | — | 534 |
3-month USD-LIBOR | 1.867% | 7/11/2025 | 49,400 | (1,055) | — | (1,055) |
2.91% | 3-month USD-LIBOR | 2/1/2028 | 16,000 | 807 | — | 807 |
2.908% | 3-month USD-LIBOR | 2/1/2028 | 16,000 | 805 | — | 805 |
2.925% | 3-month USD-LIBOR | 2/1/2028 | 12,800 | 655 | — | 655 |
2.92% | 3-month USD-LIBOR | 2/2/2028 | 12,200 | 621 | — | 621 |
U.S. EFFR | 0.5385% | 3/26/2030 | 49,000 | 3,975 | — | 3,975 |
0.913% | 3-month USD-LIBOR | 6/9/2030 | 31,000 | (2,153) | — | (2,153) |
American Funds Insurance Series — U.S. Government/AAA-Rated Securities Fund — Page 212 of 240
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Swap contracts (continued)
Interest rate swaps (continued)
Receive | Pay | Expiration date | Notional (000) | Value at 3/31/2021 (000) | Upfront premium received (000) | Unrealized appreciation (depreciation) at 3/31/2021 (000) |
U.S. EFFR | 0.666% | 11/19/2030 | $15,500 | $1,246 | $— | $1,246 |
3-month USD-LIBOR | 2.986% | 2/1/2038 | 7,800 | (204) | — | (204) |
3-month USD-LIBOR | 2.9625% | 2/1/2038 | 9,800 | (237) | — | (237) |
3-month USD-LIBOR | 2.963% | 2/1/2038 | 9,800 | (238) | — | (238) |
0.833% | 3-month USD-LIBOR | 4/3/2040 | 15,800 | (3,390) | — | (3,390) |
3-month USD-LIBOR | 0.81% | 7/28/2045 | 87,600 | 23,999 | (52) | 24,051 |
3-month USD-LIBOR | 0.811% | 7/27/2050 | 52,500 | 16,676 | — | 16,676 |
$(52) | $51,499 |
1 | Amount less than one thousand. |
2 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $21,551,000, which represented 1.03% of the net assets of the fund. |
3 | Index-linked bond whose principal amount moves with a government price index. |
4 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
5 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
6 | Purchased on a TBA basis. |
7 | Acquired in a transaction exempt from registration under Rule 144A or Section 4(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 $513,784,000, which represented 24.56% of the net assets of the fund. |
8 | Notional amount is calculated based on the number of contracts and notional contract size. |
9 | Value is calculated based on the notional amount and current market price. |
Key to abbreviations and symbol |
EFFR = Effective Federal Funds Rate |
LIBOR = London Interbank Offered Rate |
TBA = To-be-announced |
USD/$ = U.S. dollars |
American Funds Insurance Series — U.S. Government/AAA-Rated Securities Fund — Page 213 of 240
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Growth funds 80.27% | Shares | Value (000) |
American Funds Insurance Series – Growth Fund, Class 1 | 3,656,572 | $455,207 |
Total growth funds (cost: $296,208,000) | 455,207 | |
Fixed income funds 14.89% | ||
American Funds Insurance Series – Bond Fund, Class 1 | 7,279,318 | 84,440 |
Total fixed income funds (cost: $85,944,000) | 84,440 | |
Short-term securities 3.93% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.04%1 | 22,267,278 | 22,267 |
Total short-term securities (cost: $22,267,000) | 22,267 | |
Total investment securities 99.09% (cost: $404,419,000) | 561,914 | |
Other assets less liabilities 0.91% | 5,147 | |
Net assets 100.00% | $567,061 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount2 (000) | Value at 3/31/20213 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 249 | June 2021 | $24,900 | $30,726 | $(335) |
FTSE 100 Index Contracts | Short | 9 | June 2021 | £—4 | (828) | 7 |
Euro Stoxx 50 Index Contracts | Short | 76 | June 2021 | €(1) | (3,450) | (75) |
Russell 2000 Mini Index Contracts | Short | 26 | June 2021 | $(1) | (2,889) | 135 |
Mini MSCI Emerging Market Index Contracts | Short | 35 | June 2021 | (2) | (2,314) | 15 |
S&P Mid 400 E-mini Index Contracts | Short | 20 | June 2021 | (2) | (5,211) | 17 |
Nikkei 225 Index Contracts | Short | 3 | June 2021 | ¥(3) | (794) | (14) |
S&P 500 E-mini Index Contracts | Short | 431 | June 2021 | $(22) | (85,497) | (860) |
British Pound Currency Contracts | Short | 11 | June 2021 | £(687) | (947) | 9 |
Euro Currency Contracts | Short | 24 | June 2021 | €(3,000) | (3,523) | 52 |
Japanese Yen Currency Contracts | Short | 7 | June 2021 | ¥(87,500) | (791) | 16 |
$(1,033) |
American Funds Insurance Series — Managed Risk Growth Fund — Page 214 of 240
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Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 80.27% | ||||||||
American Funds Insurance Series – Growth Fund, Class 1 | $452,559 | $17,105 | $30,922 | $13,280 | $3,185 | $455,207 | $— | $— |
Fixed income funds 14.89% | ||||||||
American Funds Insurance Series – Bond Fund, Class 1 | 84,922 | 15,211 | 13,567 | 89 | (2,215) | 84,440 | — | — |
Total 95.16% | $13,369 | $970 | $539,647 | $— | $— |
1 | Rate represents the seven-day yield at 3/31/2021. |
2 | Notional amount is calculated based on the number of contracts and notional contract size. |
3 | Value is calculated based on the notional amount and current market price. |
4 | Amount less than one thousand. |
5 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
Key to symbols |
£ = British pounds |
€ = Euros |
¥ = Japanese yen |
$ = U.S. dollars |
American Funds Insurance Series — Managed Risk Growth Fund — Page 215 of 240
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Growth funds 80.33% | Shares | Value (000) |
American Funds Insurance Series – International Fund, Class 1 | 5,560,835 | $129,901 |
Total growth funds (cost: $98,574,000) | 129,901 | |
Fixed income funds 14.92% | ||
American Funds Insurance Series – Bond Fund, Class 1 | 2,080,069 | 24,129 |
Total fixed income funds (cost: $24,590,000) | 24,129 | |
Short-term securities 4.03% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.04%1 | 6,525,434 | 6,525 |
Total short-term securities (cost: $6,525,000) | 6,525 | |
Total investment securities 99.28% (cost: $129,689,000) | 160,555 | |
Other assets less liabilities 0.72% | 1,164 | |
Net assets 100.00% | $161,719 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount2 (000) | Value at 3/31/20213 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 118 | June 2021 | $11,800 | $14,561 | $(66) |
FTSE 100 Index Contracts | Short | 12 | June 2021 | £—4 | (1,104) | 8 |
Russell 2000 Mini Index Contracts | Short | 1 | June 2021 | $—4 | (111) | 6 |
S&P 500 E-mini Index Contracts | Short | 9 | June 2021 | —4 | (1,785) | (17) |
S&P Mid 400 E-mini Index Contracts | Short | 3 | June 2021 | —4 | (782) | 3 |
Euro Stoxx 50 Index Contracts | Short | 102 | June 2021 | €(1) | (4,631) | (102) |
Mini MSCI Emerging Market Index Contracts | Short | 105 | June 2021 | $(5) | (6,943) | 41 |
Nikkei 225 Index Contracts | Short | 10 | June 2021 | ¥(10) | (2,647) | (42) |
British Pound Currency Contracts | Short | 15 | June 2021 | £(938) | (1,292) | 11 |
Euro Currency Contracts | Short | 32 | June 2021 | €(4,000) | (4,697) | 68 |
Japanese Yen Currency Contracts | Short | 27 | June 2021 | ¥(337,500) | (3,049) | 58 |
$(32) |
American Funds Insurance Series — Managed Risk International Fund — Page 216 of 240
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Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 80.33% | ||||||||
American Funds Insurance Series – International Fund, Class 1 | $135,744 | $3,157 | $7,694 | $999 | $(2,305) | $129,901 | $— | $— |
Fixed income funds 14.92% | ||||||||
American Funds Insurance Series – Bond Fund, Class 1 | 25,472 | 3,284 | 4,001 | 27 | (653) | 24,129 | — | — |
Total 95.25% | $1,026 | $(2,958) | $154,030 | $— | $— |
1 | Rate represents the seven-day yield at 3/31/2021. |
2 | Notional amount is calculated based on the number of contracts and notional contract size. |
3 | Value is calculated based on the notional amount and current market price. |
4 | Amount less than one thousand. |
5 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
Key to symbols |
£ = British pounds |
€ = Euros |
¥ = Japanese yen |
$ = U.S. dollars |
American Funds Insurance Series — Managed Risk International Fund — Page 217 of 240
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Growth-and-income funds 80.32% | Shares | Value (000) |
American Funds Insurance Series – Blue Chip Income and Growth Fund, Class 1 | 18,283,211 | $288,691 |
Total growth-and-income funds (cost: $207,089,000) | 288,691 | |
Fixed income funds 14.98% | ||
American Funds Insurance Series – U.S. Government/AAA-Rated Securities Fund, Class 1 | 4,244,204 | 53,859 |
Total fixed income funds (cost: $55,839,000) | 53,859 | |
Short-term securities 3.98% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.04%1 | 14,294,624 | 14,295 |
Total short-term securities (cost: $14,295,000) | 14,295 | |
Total investment securities 99.28% (cost: $277,223,000) | 356,845 | |
Other assets less liabilities 0.72% | 2,591 | |
Net assets 100.00% | $359,436 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount2 (000) | Value at 3/31/20213 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 154 | June 2021 | $15,400 | $19,003 | $(246) |
Euro Stoxx 50 Index Contracts | Short | 10 | June 2021 | €—4 | (454) | (10) |
FTSE 100 Index Contracts | Short | 7 | June 2021 | £—4 | (644) | 5 |
Russell 2000 Mini Index Contracts | Short | 3 | June 2021 | $—4 | (333) | 17 |
S&P Mid 400 E-mini Index Contracts | Short | 3 | June 2021 | —4 | (782) | 3 |
Nikkei 225 Index Contracts | Short | 1 | June 2021 | ¥(1) | (265) | (5) |
S&P 500 E-mini Index Contracts | Short | 233 | June 2021 | $(12) | (46,220) | (466) |
Euro Currency Contracts | Short | 3 | June 2021 | €(375) | (440) | 7 |
British Pound Currency Contracts | Short | 8 | June 2021 | £(500) | (689) | 6 |
Japanese Yen Currency Contracts | Short | 3 | June 2021 | ¥(37,500) | (339) | 7 |
$(682) |
American Funds Insurance Series — Managed Risk Blue Chip Income and Growth Fund — Page 218 of 240
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Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth-and-income funds 80.32% | ||||||||
American Funds Insurance Series – Blue Chip Income and Growth Fund, Class 1 | $285,450 | $2,548 | $26,993 | $8,149 | $19,537 | $288,691 | $— | $— |
Fixed income funds 14.98% | ||||||||
American Funds Insurance Series – U.S. Government/AAA-Rated Securities Fund, Class 1 | 53,565 | 6,696 | 4,959 | (182) | (1,261) | 53,859 | — | — |
Total 95.30% | $7,967 | $18,276 | $342,550 | $— | $— |
1 | Rate represents the seven-day yield at 3/31/2021. |
2 | Notional amount is calculated based on the number of contracts and notional contract size. |
3 | Value is calculated based on the notional amount and current market price. |
4 | Amount less than one thousand. |
5 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
Key to symbols |
£ = British pounds |
€ = Euros |
¥ = Japanese yen |
$ = U.S. dollars |
American Funds Insurance Series — Managed Risk Blue Chip Income and Growth Fund — Page 219 of 240
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Growth-and-income funds 79.70% | Shares | Value (000) |
American Funds Insurance Series – Growth-Income Fund, Class 1 | 33,677,748 | $1,983,956 |
Total growth-and-income funds (cost: $1,546,824,000) | 1,983,956 | |
Fixed income funds 14.85% | ||
American Funds Insurance Series – Bond Fund, Class 1 | 31,859,458 | 369,570 |
Total fixed income funds (cost: $369,256,000) | 369,570 | |
Short-term securities 4.86% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.04%1 | 120,868,718 | 120,869 |
Total short-term securities (cost: $120,869,000) | 120,869 | |
Options purchased 0.56% | ||
Options purchased* | 13,888 | |
Total options purchased (cost: $38,110,000) | 13,888 | |
Total investment securities 99.97% (cost: $2,075,059,000) | 2,488,283 | |
Other assets less liabilities 0.03% | 836 | |
Net assets 100.00% | $2,489,119 |
*Options purchased
Put
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 3/31/2021 (000) |
S&P 500 Index | 200 | $795 | $2,325.00 | 6/18/2021 | $61 |
S&P 500 Index | 275 | 1,093 | 2,350.00 | 6/18/2021 | 86 |
S&P 500 Index | 625 | 2,483 | 2,375.00 | 6/18/2021 | 209 |
S&P 500 Index | 1,980 | 7,866 | 2,400.00 | 6/18/2021 | 673 |
S&P 500 Index | 1,285 | 5,105 | 2,425.00 | 6/18/2021 | 463 |
S&P 500 Index | 55 | 219 | 2,475.00 | 6/18/2021 | 21 |
S&P 500 Index | 280 | 1,112 | 2,325.00 | 9/17/2021 | 323 |
S&P 500 Index | 100 | 397 | 2,350.00 | 9/17/2021 | 123 |
S&P 500 Index | 295 | 1,172 | 2,375.00 | 9/17/2021 | 362 |
S&P 500 Index | 655 | 2,602 | 2,400.00 | 9/17/2021 | 880 |
S&P 500 Index | 7,550 | 29,995 | 2,425.00 | 9/17/2021 | 10,532 |
S&P 500 Index | 110 | 437 | 2,450.00 | 9/17/2021 | 155 |
$13,888 |
American Funds Insurance Series — Managed Risk Growth-Income Fund — Page 220 of 240
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Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount2 (000) | Value at 3/31/20213 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 1,324 | June 2021 | $132,400 | $163,380 | $(2,112) |
FTSE 100 Index Contracts | Short | 43 | June 2021 | £—4 | (3,956) | 24 |
Euro Stoxx 50 Index Contracts | Short | 112 | June 2021 | €(1) | (5,085) | (114) |
Russell 2000 Mini Index Contracts | Short | 13 | June 2021 | $(1) | (1,445) | 63 |
Mini MSCI Emerging Market Index Contracts | Short | 47 | June 2021 | (2) | (3,108) | 11 |
S&P 500 E-mini Index Contracts | Short | 60 | June 2021 | (3) | (11,902) | (71) |
S&P Mid 400 E-mini Index Contracts | Short | 28 | June 2021 | (3) | (7,295) | (30) |
Nikkei 225 Index Contracts | Short | 4 | June 2021 | ¥(4) | (1,059) | (19) |
British Pound Currency Contracts | Short | 48 | June 2021 | £(3,000) | (4,134) | 38 |
Euro Currency Contracts | Short | 38 | June 2021 | €(4,750) | (5,577) | 80 |
Japanese Yen Currency Contracts | Short | 9 | June 2021 | ¥(112,500) | (1,016) | 20 |
$(2,110) |
Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 3/31/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth-and-income funds 79.70% | ||||||||
American Funds Insurance Series – Growth-Income Fund, Class 1 | $1,938,260 | $24,964 | $101,673 | $20,575 | $101,830 | $1,983,956 | $— | $— |
Fixed income funds 14.85% | ||||||||
American Funds Insurance Series – Bond Fund, Class 1 | 363,712 | 44,875 | 29,997 | 3,448 | (12,468) | 369,570 | — | — |
Total 94.55% | $24,023 | $89,362 | $2,353,526 | $— | $— |
1 | Rate represents the seven-day yield at 3/31/2021. |
2 | Notional amount is calculated based on the number of contracts and notional contract size. |
3 | Value is calculated based on the notional amount and current market price. |
4 | Amount less than one thousand. |
5 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
Key to symbols |
£ = British pounds |
€ = Euros |
¥ = Japanese yen |
$ = U.S. dollars |
American Funds Insurance Series — Managed Risk Growth-Income Fund — Page 221 of 240
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Asset allocation funds 95.08% | Shares | Value (000) |
American Funds Insurance Series – Asset Allocation Fund, Class 1 | 95,965,594 | $2,651,529 |
Total asset allocation funds (cost: $2,157,580,000) | 2,651,529 | |
Short-term securities 4.71% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.04%1 | 131,180,698 | 131,181 |
Total short-term securities (cost: $131,181,000) | 131,181 | |
Total investment securities 99.79% (cost: $2,288,761,000) | 2,782,710 | |
Other assets less liabilities 0.21% | 5,994 | |
Net assets 100.00% | $2,788,704 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount2 (000) | Value at 3/31/20213 (000) | Unrealized (depreciation) appreciation at 3/31/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 2,420 | June 2021 | $242,000 | $298,624 | $(2,481) |
FTSE 100 Index Contracts | Short | 10 | June 2021 | £—4 | (920) | 7 |
Euro Stoxx 50 Index Contracts | Short | 87 | June 2021 | €(1) | (3,950) | (94) |
Russell 2000 Mini Index Contracts | Short | 35 | June 2021 | $(2) | (3,889) | 193 |
S&P Mid 400 E-mini Index Contracts | Short | 23 | June 2021 | (2) | (5,992) | 17 |
Mini MSCI Emerging Market Index Contracts | Short | 87 | June 2021 | (4) | (5,753) | 27 |
Nikkei 225 Index Contracts | Short | 6 | June 2021 | ¥(6) | (1,588) | (31) |
S&P 500 E-mini Index Contracts | Short | 487 | June 2021 | $(24) | (96,606) | (973) |
British Pound Currency Contracts | Short | 12 | June 2021 | £(750) | (1,034) | 9 |
Euro Currency Contracts | Short | 29 | June 2021 | €(3,625) | (4,256) | 65 |
Japanese Yen Currency Contracts | Short | 14 | June 2021 | ¥(175,000) | (1,581) | 31 |
$(3,230) |
Investments in affiliates5
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (000) | Value of affiliate at 3/31/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Asset allocation funds 95.08% | ||||||||
American Funds Insurance Series – Asset Allocation Fund, Class 1 | $2,646,718 | $191 | $106,555 | $21,131 | $90,044 | $2,651,529 | $— | $— |
American Funds Insurance Series — Managed Risk Asset Allocation Fund — Page 222 of 240
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1 | Rate represents the seven-day yield at 3/31/2021. |
2 | Notional amount is calculated based on the number of contracts and notional contract size. |
3 | Value is calculated based on the notional amount and current market price. |
4 | Amount less than one thousand. |
5 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
Key to symbols |
£ = British pounds |
€ = Euros |
¥ = Japanese yen |
$ = U.S. dollars |
American Funds Insurance Series — Managed Risk Asset Allocation Fund — Page 223 of 240
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Valuation disclosures
Capital Research and Management Company (“CRMC”), the series’ investment adviser, values the funds’ investments at fair value as defined by U.S. generally accepted accounting principles. 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 series’ investment adviser uses the following methods and inputs to establish the fair value of each 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 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. The value of an underlying fund is based on its reported net asset value.
Fixed-income securities, including short-term securities, are generally valued at prices obtained from one or more 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 funds are 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 |
Municipal securities | Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts |
When the series’ investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
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 series’ 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. The State Street Institutional U.S. Government Money Market Fund held by the managed risk funds is managed to maintain a $1.00 net asset value per share. The net asset values of each share class of each managed risk fund are calculated based on the reported net asset values of the underlying funds in which each fund invests.
Exchange-traded options and futures are generally valued at the official closing price for options and the official settlement price for futures of the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. Forward currency contracts are valued based on the spot and forward exchange rates obtained from one or more pricing vendors. Interest rate swaps and credit default swaps are generally valued by pricing vendors based on market inputs that include the index and term of index, reset frequency, payer/receiver, currency and pay frequency.
American Funds Insurance Series — Page 224 of 240
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The following table presents the average month-end notional amounts of options purchased, futures contracts, forward currency contracts, interest rate swaps and credit default swaps for each fund while held (dollars in thousands):
Options contracts purchased | Futures contracts | Forward currency contracts | Interest rate swaps | Credit default swaps | |
New World Fund | Not applicable | $2,790 | $4,778 | Not applicable | Not applicable |
Capital Income Builder | Not applicable | 60,250 | 743 | $49,605 | $3,401 |
Asset Allocation Fund | Not applicable | 1,194,129 | Not applicable | 110,622 | 92,058 |
Global Balanced Fund | Not applicable | 17,941 | 29,906 | 7,220 | 3,227 |
Bond Fund | Not applicable | 4,165,786 | 423,091 | 817,522 | Not applicable |
Capital World Bond Fund | Not applicable | 336,006 | 612,739 | 81,053 | 73,893 |
High-Income Bond Fund | Not applicable | 40,180 | Not applicable | Not applicable | 33,405 |
Mortgage Fund | Not applicable | 66,192 | Not applicable | 75,258 | Not applicable |
U.S. Government/AAA-Rated Securities Fund | Not applicable | 1,708,012 | Not applicable | 1,565,914 | Not applicable |
Managed Risk Growth Fund | Not applicable | 160,146 | Not applicable | Not applicable | Not applicable |
Managed Risk International Fund | Not applicable | 559,543 | Not applicable | Not applicable | Not applicable |
Managed Risk Blue Chip Income and Growth Fund | Not applicable | 110,047 | Not applicable | Not applicable | Not applicable |
Managed Risk Growth-Income Fund | $43,883 | 577,468 | Not applicable | Not applicable | Not applicable |
Managed Risk Asset Allocation Fund | Not applicable | 582,006 | Not applicable | Not applicable | Not applicable |
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the series’ investment adviser are fair valued as determined in good faith under fair value guidelines adopted by authority of the series’ board of trustees as further described below. 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; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; 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 and futures 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 each fund is determined. Fair valuations and valuations of investments and futures 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 series’ board of trustees has delegated authority to the series’ investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees. The series’ board and audit committee also regularly review reports that describe fair value determinations and methods.
The series’ investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.
American Funds Insurance Series — Page 225 of 240
unaudited
Classifications — The series’ investment adviser classifies the funds’ 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 funds’ valuation levels as of March 31, 2021 (dollars in thousands):
Global Growth Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $1,517,659 | $1,191,045 | $— | $2,708,704 |
Consumer discretionary | 993,219 | 547,548 | — | 1,540,767 |
Health care | 729,851 | 217,143 | — | 946,994 |
Financials | 380,154 | 438,362 | — | 818,516 |
Communication services | 521,010 | 190,181 | 15,865 | 727,056 |
Consumer staples | 263,493 | 255,338 | — | 518,831 |
Industrials | 29,611 | 267,253 | — | 296,864 |
Materials | 113,580 | 37,400 | — | 150,980 |
Energy | — | 91,050 | — | 91,050 |
Real estate | — | 31,063 | — | 31,063 |
Utilities | — | 26,120 | — | 26,120 |
Preferred securities | — | 263,155 | — | 263,155 |
Short-term securities | 362,970 | — | — | 362,970 |
Total | $4,911,547 | $3,555,658 | $15,865 | $8,483,070 |
Global Small Capitalization Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $718,690 | $537,554 | $1,418 | $1,257,662 |
Health care | 783,471 | 358,031 | 3 | 1,141,505 |
Consumer discretionary | 505,960 | 445,941 | — | 951,901 |
Industrials | 204,487 | 547,229 | — | 751,716 |
Financials | 215,899 | 115,140 | 40,376 | 371,415 |
Communication services | 67,237 | 71,352 | — | 138,589 |
Materials | 25,721 | 95,584 | — | 121,305 |
Consumer staples | 86,591 | 27,083 | — | 113,674 |
Real estate | 77,135 | 35,526 | — | 112,661 |
Utilities | 4,134 | 64,677 | — | 68,811 |
Energy | 20,901 | 2,151 | 11,855 | 34,907 |
Preferred securities | 16,895 | — | 87,740 | 104,635 |
Rights & warrants | — | 11,765 | — | 11,765 |
Short-term securities | 169,464 | — | — | 169,464 |
Total | $2,896,585 | $2,312,033 | $141,392 | $5,350,010 |
American Funds Insurance Series — Page 226 of 240
unaudited
The following table reconciles the valuation of the fund’s Level 3 investment securities and related transactions for the three months ended March 31, 2021 (dollars in thousands):
Beginning value at 1/1/2021 | Transfers into Level 3* | Purchases | Sales | Net realized gain | Unrealized appreciation | Transfers out of Level 3* | Ending value at 3/31/2021 | |
Investment securities | $103,891 | $— | $48,941 | $(13,377) | $— | $1,937 | $— | $141,392 |
Net unrealized appreciation during the period on Level 3 investment securities held at March 31, 2021 | $4,824 |
* | Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities. |
Unobservable inputs — Valuation of the fund’s Level 3 securities is 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 following table provides additional information used by the fund’s investment adviser to fair value the fund’s Level 3 securities (dollars in thousands):
Value at 3/31/2021 | Valuation techniques | Unobservable inputs | Range (if applicable) | Weighted average* | Impact to valuation from an increase in input† | |
Common stocks | $ 53,652 | Liquidation value | N/A | N/A | N/A | N/A |
Transaction price | N/A | N/A | N/A | N/A | ||
Market comparable companies | Price/Cash flow multiple | 10.0x | 10.0x | Increase | ||
DLOM | 25% | 25% | Decrease | |||
$ per one billion Btu | $ 2.25 | $ 2.25 | Increase | |||
MMTPA | 10 MMTPA | 10 MMTPA | Increase | |||
Preferred securities | 87,740 | Transaction price | N/A | N/A | N/A | N/A |
Total | $ 141,392 |
* | Weighted average is by relative fair value. |
† | This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. |
Key to abbreviations |
Btu = British thermal unit |
DLOM = Discount for lack of marketability |
MMTPA = Million metric tonnes per annum |
American Funds Insurance Series — Page 227 of 240
unaudited
Growth Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $7,733,631 | $979,889 | $— | $8,713,520 |
Communication services | 7,603,334 | — | — | 7,603,334 |
Consumer discretionary | 6,489,648 | 485,052 | — | 6,974,700 |
Health care | 4,580,320 | 66,493 | 41,103 | 4,687,916 |
Industrials | 3,278,453 | 463,990 | — | 3,742,443 |
Financials | 2,365,548 | 51,746 | — | 2,417,294 |
Consumer staples | 1,131,256 | 174,375 | — | 1,305,631 |
Materials | 1,264,331 | — | — | 1,264,331 |
Energy | 826,855 | — | — | 826,855 |
Utilities | 285,702 | 20,269 | — | 305,971 |
Real estate | 242,183 | — | — | 242,183 |
Preferred securities | — | 38,111 | 11,978 | 50,089 |
Convertible bonds & notes | — | — | 29,979 | 29,979 |
Short-term securities | 1,203,833 | — | — | 1,203,833 |
Total | $37,005,094 | $2,279,925 | $83,060 | $39,368,079 |
International Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Financials | $137,876 | $1,824,572 | $— | $1,962,448 |
Health care | 119,808 | 1,212,760 | 6 | 1,332,574 |
Industrials | 139,824 | 1,112,351 | — | 1,252,175 |
Consumer discretionary | 356,371 | 872,368 | — | 1,228,739 |
Energy | 323,283 | 593,329 | — | 916,612 |
Information technology | 333,371 | 570,341 | — | 903,712 |
Communication services | 185,055 | 492,678 | 38,290 | 716,023 |
Materials | 481,048 | 168,664 | — | 649,712 |
Utilities | — | 292,642 | — | 292,642 |
Consumer staples | 9,742 | 230,021 | — | 239,763 |
Real estate | — | 39,191 | — | 39,191 |
Preferred securities | 85,508 | 78,590 | — | 164,098 |
Rights & warrants | — | 27,380 | — | 27,380 |
Short-term securities | 447,288 | — | — | 447,288 |
Total | $2,619,174 | $7,514,887 | $38,296 | $10,172,357 |
American Funds Insurance Series — Page 228 of 240
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New World Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $542,967 | $264,117 | $— | $807,084 |
Consumer discretionary | 211,022 | 329,862 | — | 540,884 |
Financials | 88,548 | 419,379 | — | 507,927 |
Health care | 219,630 | 271,145 | 1 | 490,776 |
Communication services | 254,561 | 119,475 | 10,294 | 384,330 |
Materials | 157,847 | 107,718 | — | 265,565 |
Industrials | 69,700 | 169,940 | — | 239,640 |
Consumer staples | 27,251 | 176,498 | — | 203,749 |
Energy | 34,210 | 97,872 | — | 132,082 |
Real estate | 21,681 | 69,662 | — | 91,343 |
Utilities | 10,955 | 59,677 | — | 70,632 |
Preferred securities | 26,760 | 12,762 | 5,507 | 45,029 |
Rights & warrants | 55 | 8,411 | — | 8,466 |
Convertible bonds & notes | — | 113 | — | 113 |
Bonds, notes & other debt instruments | — | 111,819 | — | 111,819 |
Short-term securities | 356,122 | — | — | 356,122 |
Total | $2,021,309 | $2,218,450 | $15,802 | $4,255,561 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $257 | $— | $— | $257 |
Unrealized appreciation on open forward currency contracts | — | 54 | — | 54 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (133) | — | — | (133) |
Total | $124 | $54 | $— | $178 |
* | Futures contracts and forward currency contracts are not included in the investment portfolio. |
American Funds Insurance Series — Page 229 of 240
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Blue Chip Income and Growth Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $1,699,202 | $— | $— | $1,699,202 |
Health care | 1,670,937 | — | — | 1,670,937 |
Industrials | 1,352,753 | — | — | 1,352,753 |
Energy | 1,122,063 | — | — | 1,122,063 |
Communication services | 906,314 | — | — | 906,314 |
Financials | 902,670 | — | — | 902,670 |
Consumer discretionary | 809,974 | — | — | 809,974 |
Consumer staples | 733,891 | — | — | 733,891 |
Utilities | 356,329 | — | — | 356,329 |
Materials | 270,661 | — | — | 270,661 |
Real estate | 173,318 | — | — | 173,318 |
Convertible stocks | 87,136 | — | — | 87,136 |
Convertible bonds & notes | — | 14,835 | — | 14,835 |
Short-term securities | 127,111 | — | — | 127,111 |
Total | $10,212,359 | $14,835 | $— | $10,227,194 |
Global Growth and Income Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $214,131 | $196,964 | $— | $411,095 |
Financials | 137,530 | 213,037 | — | 350,567 |
Industrials | 135,079 | 120,010 | — | 255,089 |
Consumer discretionary | 100,763 | 120,977 | — | 221,740 |
Health care | 129,890 | 76,062 | — | 205,952 |
Communication services | 143,964 | 22,782 | — | 166,746 |
Materials | 38,725 | 86,621 | — | 125,346 |
Utilities | 26,451 | 89,048 | — | 115,499 |
Energy | 42,453 | 62,974 | — | 105,427 |
Consumer staples | 36,444 | 63,422 | — | 99,866 |
Real estate | 29,976 | 26,428 | — | 56,404 |
Bonds, notes & other debt instruments | — | 33,870 | — | 33,870 |
Short-term securities | 46,635 | — | — | 46,635 |
Total | $1,082,041 | $1,112,195 | $— | $2,194,236 |
American Funds Insurance Series — Page 230 of 240
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Growth-Income Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $7,857,390 | $446,189 | $— | $8,303,579 |
Communication services | 5,780,161 | 176,891 | — | 5,957,052 |
Health care | 4,313,893 | 665,876 | — | 4,979,769 |
Financials | 4,181,578 | 21,742 | — | 4,203,320 |
Consumer discretionary | 3,532,148 | 174,271 | — | 3,706,419 |
Industrials | 3,187,620 | 467,908 | — | 3,655,528 |
Consumer staples | 1,420,987 | 533,325 | — | 1,954,312 |
Materials | 1,696,424 | 105,626 | — | 1,802,050 |
Energy | 1,218,634 | — | — | 1,218,634 |
Real estate | 1,093,509 | — | — | 1,093,509 |
Utilities | 701,341 | 348,522 | — | 1,049,863 |
Convertible stocks | 380,983 | — | — | 380,983 |
Bonds, notes & other debt instruments | — | 13,524 | — | 13,524 |
Short-term securities | 1,966,487 | — | — | 1,966,487 |
Total | $37,331,155 | $2,953,874 | $— | $40,285,029 |
International Growth and Income Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Financials | $19,237 | $238,199 | $— | $257,436 |
Consumer discretionary | — | 201,835 | — | 201,835 |
Industrials | 20,585 | 122,651 | — | 143,236 |
Health care | 7,639 | 122,352 | 4 | 129,995 |
Communication services | 37,517 | 89,628 | — | 127,145 |
Materials | 52,029 | 58,317 | — | 110,346 |
Information technology | 15,999 | 90,061 | — | 106,060 |
Consumer staples | 12,424 | 86,091 | — | 98,515 |
Utilities | — | 71,345 | — | 71,345 |
Energy | 18,287 | 29,163 | — | 47,450 |
Real estate | — | 26,448 | — | 26,448 |
Preferred securities | 18,927 | 14,530 | — | 33,457 |
Rights & warrants | — | 7,921 | — | 7,921 |
Bonds, notes & other debt instruments | — | 8,075 | — | 8,075 |
Short-term securities | 53,791 | — | — | 53,791 |
Total | $256,435 | $1,166,616 | $4 | $1,423,055 |
American Funds Insurance Series — Page 231 of 240
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Capital Income Builder
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Financials | $100,913 | $81,888 | $— | $182,801 |
Information technology | 83,598 | 22,663 | — | 106,261 |
Consumer staples | 57,585 | 43,640 | — | 101,225 |
Health care | 67,326 | 25,689 | — | 93,015 |
Real estate | 60,916 | 18,282 | — | 79,198 |
Utilities | 30,513 | 48,313 | — | 78,826 |
Energy | 48,818 | 11,856 | — | 60,674 |
Materials | 29,566 | 24,454 | — | 54,020 |
Communication services | 26,548 | 26,650 | — | 53,198 |
Industrials | 26,737 | 19,945 | — | 46,682 |
Consumer discretionary | 14,203 | 11,329 | — | 25,532 |
Preferred securities | — | 2,538 | — | 2,538 |
Rights & warrants | 3 | — | — | 3 |
Convertible stocks | 11,949 | — | — | 11,949 |
Convertible bonds & notes | — | 553 | — | 553 |
Bonds, notes & other debt instruments: | ||||
U.S. Treasury bonds & notes | — | 95,130 | — | 95,130 |
Corporate bonds, notes & loans | — | 56,149 | — | 56,149 |
Mortgage-backed obligations | — | 42,468 | — | 42,468 |
Asset-backed obligations | — | 3,894 | — | 3,894 |
Bonds & notes of governments & government agencies outside the U.S. | — | 1,601 | — | 1,601 |
Municipals | — | 677 | — | 677 |
Short-term securities | 83,064 | — | — | 83,064 |
Total | $641,739 | $537,719 | $— | $1,179,458 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $235 | $— | $— | $235 |
Unrealized appreciation on open forward currency contracts | — | 6 | — | 6 |
Unrealized appreciation on interest rate swaps | — | 1,834 | — | 1,834 |
Unrealized appreciation on credit default swaps | — | 1 | — | 1 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (646) | — | — | (646) |
Total | $(411) | $1,841 | $— | $1,430 |
* | Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the investment portfolio. |
American Funds Insurance Series — Page 232 of 240
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Asset Allocation Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $5,004,655 | $— | $— | $5,004,655 |
Financials | 3,179,381 | 216,089 | 482 | 3,395,952 |
Health care | 2,918,734 | 113,233 | 14,455 | 3,046,422 |
Consumer discretionary | 2,123,971 | 186,032 | — | 2,310,003 |
Consumer staples | 1,391,857 | 357,190 | — | 1,749,047 |
Communication services | 1,473,086 | 76,078 | — | 1,549,164 |
Materials | 1,078,676 | 95,627 | — | 1,174,303 |
Industrials | 993,137 | 142,267 | 12,102 | 1,147,506 |
Energy | 670,156 | 27,547 | 670 | 698,373 |
Real estate | 518,434 | — | — | 518,434 |
Utilities | 30,090 | 239,796 | — | 269,886 |
Preferred securities | — | — | 317 | 317 |
Rights & warrants | 896 | — | — | 896 |
Convertible stocks | 105,695 | 42,582 | — | 148,277 |
Bonds, notes & other debt instruments: | ||||
Corporate bonds, notes & loans | — | 3,604,065 | 4,476 | 3,608,541 |
U.S. Treasury bonds & notes | — | 2,232,437 | — | 2,232,437 |
Mortgage-backed obligations | — | 2,078,947 | — | 2,078,947 |
Asset-backed obligations | — | 257,047 | — | 257,047 |
Bonds & notes of governments & government agencies outside the U.S. | — | 54,283 | — | 54,283 |
Federal agency bonds & notes | — | 35,788 | — | 35,788 |
Municipals | — | 32,526 | — | 32,526 |
Short-term securities | 2,752,670 | — | — | 2,752,670 |
Total | $22,241,438 | $9,791,534 | $32,502 | $32,065,474 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $20,411 | $— | $— | $20,411 |
Unrealized appreciation on interest rate swaps | — | 1,008 | — | 1,008 |
Unrealized appreciation on credit default swaps | — | —† | — | —† |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (12,188) | — | — | (12,188) |
Unrealized depreciation on credit default swaps | — | (176) | — | (176) |
Total | $8,223 | $832 | $— | $9,055 |
* | Futures contracts, interest rate swaps and credit default swaps are not included in the investment portfolio. |
† | Amount less than one thousand. |
American Funds Insurance Series — Page 233 of 240
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Global Balanced Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $27,718 | $33,190 | $— | $60,908 |
Health care | 21,243 | 14,262 | — | 35,505 |
Financials | 21,283 | 12,875 | — | 34,158 |
Consumer staples | 14,606 | 12,314 | — | 26,920 |
Industrials | 8,343 | 14,038 | — | 22,381 |
Consumer discretionary | 14,044 | 8,031 | — | 22,075 |
Communication services | 6,618 | 5,530 | — | 12,148 |
Materials | 3,651 | 8,178 | — | 11,829 |
Real estate | 8,023 | 3,064 | — | 11,087 |
Energy | 7,467 | 2,240 | — | 9,707 |
Utilities | 780 | 3,571 | — | 4,351 |
Preferred securities | — | 1,693 | — | 1,693 |
Convertible stocks | 1,581 | — | — | 1,581 |
Bonds, notes & other debt instruments: | ||||
Bonds & notes of governments & government agencies outside the U.S. | — | 63,386 | — | 63,386 |
U.S. Treasury bonds & notes | — | 44,168 | — | 44,168 |
Corporate bonds, notes & loans | — | 20,898 | — | 20,898 |
Mortgage-backed obligations | — | 3,350 | — | 3,350 |
Municipals | — | 181 | — | 181 |
Asset-backed obligations | — | 90 | — | 90 |
Short-term securities | 39,633 | 4,800 | — | 44,433 |
Total | $174,990 | $255,859 | $— | $430,849 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $113 | $— | $— | $113 |
Unrealized appreciation on open forward currency contracts | — | 187 | — | 187 |
Unrealized appreciation on interest rate swaps | — | 28 | — | 28 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (117) | — | — | (117) |
Unrealized depreciation on open forward currency contracts | — | (306) | — | (306) |
Unrealized depreciation on interest rate swaps | — | (27) | — | (27) |
Unrealized depreciation on credit default swaps | — | (3) | — | (3) |
Total | $(4) | $(121) | $— | $(125) |
* | Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the investment portfolio. |
American Funds Insurance Series — Page 234 of 240
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Bond Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
Mortgage-backed obligations | $— | $3,755,665 | $— | $3,755,665 |
Corporate bonds, notes & loans | — | 3,746,767 | — | 3,746,767 |
U.S. Treasury bonds & notes | — | 2,921,878 | — | 2,921,878 |
Bonds & notes of governments & government agencies outside the U.S. | — | 335,172 | — | 335,172 |
Asset-backed obligations | — | 328,855 | — | 328,855 |
Municipals | — | 239,429 | — | 239,429 |
Federal agency bonds & notes | — | 12,598 | — | 12,598 |
Short-term securities | 2,626,256 | — | — | 2,626,256 |
Total | $2,626,256 | $11,340,364 | $— | $13,966,620 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $29,471 | $— | $— | $29,471 |
Unrealized appreciation on open forward currency contracts | — | 4,545 | — | 4,545 |
Unrealized appreciation on interest rate swaps | — | 4,212 | — | 4,212 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (13,559) | — | — | (13,559) |
Unrealized depreciation on open forward currency contracts | — | (1,058) | — | (1,058) |
Unrealized depreciation on interest rate swaps | — | (22,232) | — | (22,232) |
Total | $15,912 | $(14,533) | $— | $1,379 |
* | Futures contracts, forward currency contracts and interest rate swaps are not included in the investment portfolio. |
American Funds Insurance Series — Page 235 of 240
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Capital World Bond Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
Euros | $— | $379,770 | $— | $379,770 |
Japanese yen | — | 219,235 | — | 219,235 |
Chinese yuan renminbi | — | 184,355 | — | 184,355 |
British pounds | — | 84,432 | — | 84,432 |
Danish kroner | — | 52,711 | — | 52,711 |
Brazilian reais | — | 45,931 | — | 45,931 |
Canadian dollars | — | 45,452 | — | 45,452 |
Mexican pesos | — | 42,901 | — | 42,901 |
Australian dollars | — | 40,344 | — | 40,344 |
Russian rubles | — | 37,363 | — | 37,363 |
Malaysian ringgits | — | 25,266 | — | 25,266 |
Indonesian rupiah | — | 15,472 | — | 15,472 |
South Korean won | — | 12,531 | — | 12,531 |
Colombian pesos | — | 9,692 | — | 9,692 |
Chilean pesos | — | 8,028 | — | 8,028 |
Israeli shekels | — | 7,755 | — | 7,755 |
Ukrainian hryvnia | — | 7,425 | — | 7,425 |
Norwegian kroner | — | 5,900 | — | 5,900 |
New Zealand dollars | — | 3,907 | — | 3,907 |
Indian rupees | — | 3,786 | — | 3,786 |
South African rand | — | 3,119 | — | 3,119 |
Ghanaian cedi | — | 2,740 | — | 2,740 |
Peruvian nuevos soles | — | 1,733 | — | 1,733 |
Polish zloty | — | 1,373 | — | 1,373 |
Romanian leu | — | 1,292 | — | 1,292 |
U.S. dollars | — | 829,015 | 23 | 829,038 |
Preferred securities | — | — | 33 | 33 |
Common stocks | 1,667 | — | 1,335 | 3,002 |
Rights & warrants | 162 | — | —* | 162 |
Short-term securities | 234,645 | 8,824 | — | 243,469 |
Total | $236,474 | $2,080,352 | $1,391 | $2,318,217 |
Other investments† | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $2,841 | $— | $— | $2,841 |
Unrealized appreciation on open forward currency contracts | — | 5,501 | — | 5,501 |
Unrealized appreciation on interest rate swaps | — | 425 | — | 425 |
Unrealized appreciation on credit default swaps | — | 290 | — | 290 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (2,244) | — | — | (2,244) |
Unrealized depreciation on open forward currency contracts | — | (7,463) | — | (7,463) |
Unrealized depreciation on interest rate swaps | — | (520) | — | (520) |
Unrealized depreciation on credit default swaps | — | (85) | — | (85) |
Total | $597 | $(1,852) | $— | $(1,255) |
* | Amount less than one thousand. |
† | Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the investment portfolio. |
American Funds Insurance Series — Page 236 of 240
unaudited
High-Income Bond Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
Corporate bonds, notes & loans | $— | $773,621 | $4,516 | $778,137 |
U.S. Treasury bonds & notes | — | 1,016 | — | 1,016 |
Municipals | — | 5 | — | 5 |
Convertible bonds & notes | — | 3,780 | 68 | 3,848 |
Convertible stocks | 2,843 | 463 | — | 3,306 |
Common stocks | 19,053 | 4,453 | 24,903 | 48,409 |
Preferred securities | — | 2,514 | 719 | 3,233 |
Rights & warrants | 588 | 98 | —1 | 686 |
Short-term securities | 29,634 | — | — | 29,634 |
Total | $52,118 | $785,950 | $30,206 | $868,274 |
Other investments2 | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $999 | $— | $— | $999 |
Liabilities: | ||||
Unrealized depreciation on credit default swaps | — | (81) | — | (81) |
Total | $999 | $(81) | $— | $918 |
1 | Amount less than one thousand. |
2 | Futures contracts and credit default swaps are not included in the investment portfolio. |
The following table reconciles the valuation of the fund’s Level 3 investment securities and related transactions for the three months ended March 31, 2021 (dollars in thousands):
Beginning value at 1/1/2021 | Transfers into Level 33 | Purchases | Sales | Net realized loss | Unrealized appreciation | Transfers out of Level 33 | Ending value at 3/31/2021 | |
Investment securities | $28,783 | $— | $348 | $(855) | $(7,021) | $8,951 | $— | $30,206 |
Net unrealized appreciation during the period on Level 3 investment securities held at March 31, 2021 | $1,930 |
3Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities.
American Funds Insurance Series — Page 237 of 240
unaudited
Unobservable inputs — Valuation of the fund’s Level 3 securities is 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 following table provides additional information used by the fund’s investment adviser to fair value the fund’s Level 3 securities (dollars in thousands):
Value at 3/31/2021 | Valuation techniques | Unobservable inputs | Range (if applicable) | Weighted average1 | Impact to valuation from an increase in input2 | |
Bonds, notes & other debt instruments | $ 4,516 | Estimated recovery value | Expected sale proceeds | N/A | N/A | N/A |
Exchange terms | N/A | N/A | N/A | |||
Vendor price | N/A | N/A | N/A | |||
Valuation cap | N/A | N/A | N/A | |||
Yield analysis | YTM risk premium | 200 bps | 200 bps | Decrease | ||
Convertible bonds & notes | 68 | Transaction price | N/A | N/A | N/A | N/A |
Preferred securities | 719 | Market comparable companies | EV/EBITDA multiple | 3.5x | 3.5x | Increase |
DLOM | 30% | 30% | Decrease | |||
Common stocks | 24,903 | Estimated recovery value | N/A | N/A | N/A | N/A |
Exchange terms | N/A | N/A | N/A | |||
Risk discount | 90% | 90% | Decrease | |||
Par value | N/A | N/A | N/A | |||
Adjustment based on market decline | 20% | 20% | Decrease | |||
Market comparable companies | EV/EBITDA multiple | 5.8x | 5.8x | Increase | ||
EV/EBITDA less CapEx multiple | 10.3x - 20.1x | 17.0x | Increase | |||
Discount to EV/EBITDA less CapEx multiple | 45% | 45% | Decrease | |||
DLOM | 16% - 21% | 19% | Decrease | |||
Recent market information | Vendor price | N/A | N/A | N/A | ||
Quoted price | N/A | N/A | N/A | |||
DLOM | 17% - 20% | 18% | Decrease | |||
Transaction price | N/A | N/A | N/A | N/A | ||
Rights & warrants | —3 | Estimated recovery value | N/A | N/A | N/A | N/A |
Total | $30,206 |
1 | Weighted average is by relative fair value. |
2 | This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. |
3Amount less than one thousand.
Key to abbreviations |
CapEx = Capital expenditure |
DLOM = Discount for lack of marketability |
EBITDA = Earnings before income taxes, depreciation and amortization |
EV = Enterprise value |
YTM = Yield to maturity |
American Funds Insurance Series — Page 238 of 240
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American Funds Mortgage Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
Mortgage-backed obligations | $— | $194,846 | $— | $194,846 |
U.S. Treasury bonds & notes | — | 37,094 | — | 37,094 |
Asset-backed obligations | — | 6,962 | — | 6,962 |
Federal agency bonds & notes | — | 278 | — | 278 |
Short-term securities | — | 196,030 | — | 196,030 |
Total | $— | $435,210 | $— | $435,210 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $353 | $— | $— | $353 |
Unrealized appreciation on interest rate swaps | — | 2,928 | — | 2,928 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (227) | — | — | (227) |
Total | $126 | $2,928 | $— | $3,054 |
* | Futures contracts and interest rate swaps are not included in the investment portfolio. |
Ultra-Short Bond Fund
At March 31, 2021, all of the fund’s investment securities were classified as Level 2.
U.S. Government/AAA-Rated Securities Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
U.S. Treasury bonds & notes | $— | $896,065 | $— | $896,065 |
Mortgage-backed obligations | — | 536,225 | — | 536,225 |
Federal agency bonds & notes | — | 263,207 | — | 263,207 |
Short-term securities | — | 706,125 | — | 706,125 |
Total | $— | $2,401,622 | $— | $2,401,622 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $10,380 | $— | $— | $10,380 |
Unrealized appreciation on interest rate swaps | — | 59,389 | — | 59,389 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (10,101) | — | — | (10,101) |
Unrealized depreciation on interest rate swaps | — | (7,890) | — | (7,890) |
Total | $279 | $51,499 | $— | $51,778 |
* | Futures contracts and interest rate swaps are not included in the investment portfolio. |
American Funds Insurance Series — Page 239 of 240
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Managed Risk Growth Fund
At March 31, 2021, all of the fund’s investments were classified as Level 1.
Managed Risk International Fund
At March 31, 2021, all of the fund’s investments were classified as Level 1.
Managed Risk Blue Chip Income and Growth Fund
At March 31, 2021, all of the fund’s investments were classified as Level 1.
Managed Risk Growth-Income Fund
At March 31, 2021, all of the fund’s investments were classified as Level 1.
Managed Risk Asset Allocation Fund
At March 31, 2021, all of the fund’s investments were classified as Level 1.
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 series prospectus and summary prospectuses, 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 American Funds website at capitalgroup.com. Fund shares offered through American Funds Distributors, Inc.
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.
American Funds Distributors, Inc., member FINRA.
© 2021 Capital Group. All rights reserved.
INGEFP1-998-0521O-S78074 | American Funds Insurance Series — Page 240 of 240 |