UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
Certified Shareholder Report of
Registered Management Investment Companies
Investment Company Act File Number: 811-03734
EuroPacific Growth Fund
(Exact Name of Registrant as Specified in Charter)
333 South Hope Street
Los Angeles, California 90071
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (949) 975-5000
Date of fiscal year end: March 31
Date of reporting period: September 30, 2020
Brian C. Janssen
EuroPacific Growth Fund
6455 Irvine Center Drive
Los Angeles, California 90071
(Name and Address of Agent for Service)
ITEM 1 – Reports to Stockholders
EuroPacific Growth Fund®
Semi-annual report |
Tap into the growth
potential of
international equities
Beginning January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission, we intend to no longer mail paper copies of the fund’s shareholder reports, unless specifically requested from American Funds or your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Capital Group website (capitalgroup.com); you will be notified by mail and provided with a website link to access the report each time a report is posted. If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. If you prefer to receive shareholder reports and other communications electronically, you may update your mailing preferences with your financial intermediary, or enroll in e-delivery at capitalgroup.com (for accounts held directly with the fund).
You may elect to receive paper copies of all future reports free of charge. If you invest through a financial intermediary, you may contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the fund, you may inform American Funds that you wish to continue receiving paper copies of your shareholder reports by contacting us at (800) 421-4225. Your election to receive paper reports will apply to all funds held with American Funds or through your financial intermediary.
EuroPacific Growth Fund seeks to provide you with long-term growth of capital.
This fund is one of more than 40 offered by Capital Group, home of American Funds, one of the nation’s largest mutual fund families. For nearly 90 years, Capital Group has invested with a long-term focus based on thorough research and attention to risk.
Fund results shown in this report, unless otherwise indicated, are for Class A shares at net asset value. If a sales charge (maximum 5.75%) had been deducted, the results would have been lower. Results are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. For current information and month-end results, visit capitalgroup.com.
Here are the average annual total returns on a $1,000 investment with all distributions reinvested for periods ended September 30, 2020:
Class A shares | 1 year | 5 years | 10 years | |||||||||
Reflecting 5.75% maximum sales charge | 7.96% | 7.42% | 5.79% |
For other share class results, visit capitalgroup.com and americanfundsretirement.com.
The total annual fund operating expense ratio is 0.84% for Class A shares as of the prospectus dated June 1, 2020. The expense ratio is restated to reflect current fees.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers, without which results would have been lower. Visit capitalgroup.com for more information.
Investing outside the United States may be subject to risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. Refer to the fund prospectus and the Risk Factors section of this report for more information on these and other risks associated with investing in the fund.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Fellow investors:
Results for EuroPacific Growth Fund for the periods ended September 30, 2020, are shown in the table below, as well as results of the fund’s benchmark.
For additional information about the fund, its investment results, holdings and portfolio managers, visit capitalgroup.com/individual/investments/fund/AEPGX. You can also access information about Capital Group’s American Funds and read our insights about the markets, retirement, saving for college, investing fundamentals and more at capitalgroup.com.
Results at a glance
For periods ended September 30, 2020, with all distributions reinvested
Cumulative total returns | Average annual total returns | |||||||||||||||||||
6 months | 1 year | 5 years | 10 years | Lifetime (since 4/16/84) | ||||||||||||||||
EuroPacific Growth Fund (Class A shares) | 34.39 | % | 14.54 | % | 8.70 | % | 6.42 | % | 10.49 | % | ||||||||||
MSCI ACWI (All Country World Index) ex USA1 | 23.38 | 3.00 | 6.23 | 4.00 | 8.27 | 2 |
1 | The market index is unmanaged and, therefore, has no expenses. Investors cannot invest directly in an index. Source: MSCI. |
2 | The index did not exist prior to December 31, 1987. Results reflect dividends net of withholding taxes. |
EuroPacific Growth Fund | 1 |
Summary investment portfolio September 30, 2020 | unaudited |
Industry sector diversification | Percent of net assets |
Country diversification by domicile | Percent of net assets | |||
Eurozone* | 24.47 | % | ||
Japan | 14.53 | |||
China | 11.65 | |||
India | 8.28 | |||
United Kingdom | 6.42 | |||
Brazil | 4.45 | |||
Hong Kong | 4.02 | |||
Switzerland | 4.01 | |||
Canada | 3.75 | |||
Other countries | 13.98 | |||
Short-term securities & other assets less liabilities | 4.44 |
* | Countries using the euro as a common currency; those represented in the fund’s portfolio are Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands and Spain. |
Common stocks 93.63% | Shares | Value (000) | ||||||
Consumer discretionary 17.70% | ||||||||
Alibaba Group Holding Ltd.1,2 | 122,025,333 | $ | 4,512,334 | |||||
MercadoLibre, Inc.2,3 | 3,206,538 | 3,471,013 | ||||||
LVMH Moët Hennessy-Louis Vuitton SE1 | 5,761,457 | 2,693,458 | ||||||
Flutter Entertainment PLC (GBP denominated)1,3 | 7,216,405 | 1,136,513 | ||||||
Flutter Entertainment PLC (EUR denominated)1,3 | 5,441,169 | 862,178 | ||||||
adidas AG1,2 | 4,894,744 | 1,584,249 | ||||||
Sony Corp.1 | 17,865,360 | 1,366,431 | ||||||
Kering SA1 | 1,846,698 | 1,226,919 | ||||||
Meituan Dianping, Class B1,2 | 35,777,570 | 1,125,179 | ||||||
EssilorLuxottica1,2 | 7,775,377 | 1,057,338 | ||||||
Delivery Hero SE1,2 | 9,118,749 | 1,048,932 | ||||||
Just Eat Takeaway (GBP denominated)1,2,3 | 5,755,369 | 643,122 | ||||||
Just Eat Takeaway (EUR denominated)1,2,3 | 3,146,014 | 352,315 | ||||||
Galaxy Entertainment Group Ltd.1 | 125,119,000 | 846,851 | ||||||
Other securities | 7,129,530 | |||||||
29,056,362 | ||||||||
2 | EuroPacific Growth Fund |
Shares | Value (000) | |||||||
Information technology 15.59% | ||||||||
ASML Holding NV1 | 10,440,613 | $ | 3,849,815 | |||||
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 183,684,649 | 2,758,682 | ||||||
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 8,589,782 | 696,373 | ||||||
Shopify Inc., Class A, subordinate voting shares2 | 2,747,705 | 2,810,820 | ||||||
Keyence Corp.1 | 6,028,900 | 2,809,724 | ||||||
SAP SE1 | 13,484,711 | 2,099,885 | ||||||
PagSeguro Digital Ltd., Class A2,3 | 27,452,436 | 1,035,231 | ||||||
Samsung Electronics Co., Ltd.1 | 17,631,453 | 888,373 | ||||||
STMicroelectronics NV1 | 28,633,416 | 875,246 | ||||||
Other securities | 7,771,173 | |||||||
25,595,322 | ||||||||
Financials 13.06% | ||||||||
AIA Group Ltd.1 | 373,649,401 | 3,680,887 | ||||||
HDFC Bank Ltd.1,2 | 170,841,963 | 2,517,368 | ||||||
HDFC Bank Ltd. (ADR)2 | 9,537,540 | 476,495 | ||||||
Kotak Mahindra Bank Ltd.1,2 | 98,539,478 | 1,696,066 | ||||||
London Stock Exchange Group PLC1 | 10,390,289 | 1,188,657 | ||||||
B3 SA - Brasil, Bolsa, Balcao | 101,429,300 | 993,541 | ||||||
Ping An Insurance (Group) Company of China, Ltd., Class H1,4 | 80,297,999 | 828,373 | ||||||
UniCredit SpA1,2 | 111,319,973 | 918,022 | ||||||
Other securities | 9,145,340 | |||||||
21,444,749 | ||||||||
Health care 12.95% | ||||||||
Daiichi Sankyo Company, Ltd.1,3 | 118,008,600 | 3,626,229 | ||||||
Chugai Pharmaceutical Co., Ltd.1 | 42,467,600 | 1,905,696 | ||||||
WuXi Biologics (Cayman) Inc.1,2 | 67,747,874 | 1,662,565 | ||||||
AstraZeneca PLC1 | 12,503,044 | 1,360,843 | ||||||
HOYA Corp.1 | 7,685,551 | 866,313 | ||||||
Olympus Corp.1 | 40,269,800 | 835,889 | ||||||
CSL Ltd.1 | 3,893,001 | 802,121 | ||||||
Novartis AG1 | 9,169,847 | 796,871 | ||||||
Other securities | 9,395,208 | |||||||
21,251,735 | ||||||||
Industrials 8.40% | ||||||||
Recruit Holdings Co., Ltd.1 | 51,825,329 | 2,056,294 | ||||||
Airbus SE, non-registered shares1,2 | 25,507,717 | 1,851,472 | ||||||
Safran SA1,2 | 10,776,168 | 1,060,416 | ||||||
DSV Panalpina A/S1 | 5,225,958 | 852,821 | ||||||
Other securities | 7,967,226 | |||||||
13,788,229 | ||||||||
Communication services 6.59% | ||||||||
Sea Ltd., Class A (ADR)2 | 15,976,392 | 2,461,003 | ||||||
Tencent Holdings Ltd.1 | 26,333,612 | 1,753,644 | ||||||
SoftBank Group Corp.1 | 22,618,155 | 1,396,609 | ||||||
Nintendo Co., Ltd.1 | 2,052,693 | 1,166,916 | ||||||
Z Holdings Corp.1 | 170,771,083 | 1,140,947 | ||||||
Other securities | 2,902,851 | |||||||
10,821,970 | ||||||||
EuroPacific Growth Fund | 3 |
Common stocks (continued) | Shares | Value (000) | ||||||
Materials 5.44% | ||||||||
Sika AG1 | 6,478,480 | $ | 1,591,569 | |||||
Vale SA, ordinary nominative (ADR) | 84,717,257 | 896,308 | ||||||
Vale SA, ordinary nominative | 53,078,361 | 558,675 | ||||||
Koninklijke DSM NV1 | 7,783,209 | 1,282,641 | ||||||
Shin-Etsu Chemical Co., Ltd.1 | 7,967,900 | 1,039,986 | ||||||
Linde PLC | 2,816,021 | 670,579 | ||||||
Linde PLC (EUR denominated)1 | 1,188,006 | 281,180 | ||||||
Other securities | 2,612,142 | |||||||
8,933,080 | ||||||||
Energy 5.12% | ||||||||
Reliance Industries Ltd.1 | 194,339,305 | 5,919,038 | ||||||
Reliance Industries Ltd., interim shares1 | 10,027,005 | 183,633 | ||||||
Canadian Natural Resources, Ltd. (CAD denominated)4 | 57,342,499 | 918,996 | ||||||
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR) | 62,080,717 | 442,015 | ||||||
Other securities | 945,742 | |||||||
8,409,424 | ||||||||
Consumer staples 5.03% | ||||||||
Kweichow Moutai Co., Ltd., Class A1 | 7,611,804 | 1,871,230 | ||||||
Nestlé SA1 | 13,227,069 | 1,569,248 | ||||||
Other securities | 4,814,438 | |||||||
8,254,916 | ||||||||
Utilities 2.62% | ||||||||
Ørsted AS1 | 9,373,416 | 1,292,921 | ||||||
Enel SpA1 | 106,502,764 | 924,780 | ||||||
ENN Energy Holdings Ltd.1,3 | 75,916,100 | 828,216 | ||||||
Other securities | 1,257,951 | |||||||
4,303,868 | ||||||||
Real estate 1.13% | ||||||||
Other securities | 1,859,083 | |||||||
Total common stocks (cost: $97,012,596,000) | 153,718,738 | |||||||
Preferred securities 1.74% | ||||||||
Energy 0.73% | ||||||||
Petróleo Brasileiro SA (Petrobras), preferred nominative | 173,525,918 | 605,930 | ||||||
Petróleo Brasileiro SA (Petrobras), preferred nominative (ADR) | 84,809,178 | 597,057 | ||||||
1,202,987 | ||||||||
Other 1.01% | ||||||||
Other securities | 1,646,843 | |||||||
Total preferred securities (cost: $2,269,617,000) | 2,849,830 | |||||||
Rights & warrants 0.13% | ||||||||
Health care 0.13% | ||||||||
Other securities | 220,350 | |||||||
Total rights & warrants (cost: $165,420,000) | 220,350 |
4 | EuroPacific Growth Fund |
Bonds, notes & other debt instruments 0.06% | Principal amount (000) | Value (000) | ||||||
U.S. Treasury bonds & notes 0.06% | ||||||||
Other securities | $ | 100,598 | ||||||
Total bonds, notes & other debt instruments (cost: $100,203,000) | 100,598 | |||||||
Short-term securities 4.59% | Shares | |||||||
Money market investments 4.59% | ||||||||
Capital Group Central Cash Fund 0.12%3,5 | 73,553,906 | 7,356,126 | ||||||
BlackRock Liquidity Funds – FedFund, Institutional Shares 0%5,6 | 75,000,000 | 75,000 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%5,6 | 43,540,000 | 43,540 | ||||||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0%5,6 | 27,000,000 | 27,000 | ||||||
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.02%5,6 | 23,737,196 | 23,737 | ||||||
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 0.02%5,6 | 10,500,000 | 10,500 | ||||||
Fidelity Investments Money Market Government Portfolio, Class I 0.01%5,6 | 2,000,000 | 2,000 | ||||||
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 0.03%5,6 | 1,200,000 | 1,200 | ||||||
7,539,103 | ||||||||
Total short-term securities (cost: $7,538,099,000) | 7,539,103 | |||||||
Total investment securities 100.15% (cost: $107,085,935,000) | 164,428,619 | |||||||
Other assets less liabilities (0.15)% | (244,821 | ) | ||||||
Net assets 100.00% | $ | 164,183,798 |
This summary investment portfolio is designed to streamline the report and help investors better focus on the fund’s principal holdings. See the inside back cover for details on how to obtain a complete schedule of portfolio holdings.
“Other securities” includes all issues that are not disclosed separately in the summary investment portfolio. “Other securities” also includes securities (with an aggregate value of $220,350,000, which represented .13% of the net assets of the fund) which were acquired in transactions exempt from registration under Rule 144A of the Securities Act of 1933 and may be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers.
EuroPacific Growth Fund | 5 |
Investments in affiliates3
Value of affiliates at 4/1/2020 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | |||||||||||||
Common stocks 10.58% | ||||||||||||||||
Consumer discretionary 4.71% | ||||||||||||||||
MercadoLibre, Inc.2 | $ | 2,007,570 | $ | 88,714 | $ | 1,133,222 | $ | 670,743 | ||||||||
Flutter Entertainment PLC (GBP denominated)1 | 109,544 | 670,961 | 1,859 | 788 | ||||||||||||
Flutter Entertainment PLC (EUR denominated)1 | 458,413 | 43,413 | 1,421 | 785 | ||||||||||||
Just Eat Takeaway (GBP denominated)1,2 | 496,082 | — | 92,976 | 19,203 | ||||||||||||
Just Eat Takeaway (EUR denominated)1,2 | 237,563 | — | 598 | 189 | ||||||||||||
Melco Resorts & Entertainment Ltd. (ADR) | 404,561 | — | 102,569 | (56,946 | ) | |||||||||||
GVC Holdings PLC1,2 | 321,321 | 4,480 | 126,420 | (34,557 | ) | |||||||||||
ASOS PLC1,2 | 80,572 | 10,394 | 563 | 370 | ||||||||||||
Ryohin Keikaku Co., Ltd.1,7 | 203,217 | — | 204,031 | (189,444 | ) | |||||||||||
Stars Group Inc.2,7 | 471,348 | — | 554,503 | — | ||||||||||||
Information technology 1.40% | ||||||||||||||||
PagSeguro Digital Ltd., Class A2 | 507,948 | 63,638 | 18,274 | (2,446 | ) | |||||||||||
Halma PLC1 | 534,058 | — | 33,676 | 7,906 | ||||||||||||
Edenred SA1,4 | 568,951 | 10,438 | 2,618 | 64 | ||||||||||||
Financials 0.20% | ||||||||||||||||
Commerzbank AG, non-registered shares1,2 | 217,823 | 30,295 | 566 | 5 | ||||||||||||
B3 SA - Brasil, Bolsa, Balcao7 | 633,558 | 104,230 | 55,140 | 10,119 | ||||||||||||
Health care 2.74% | ||||||||||||||||
Daiichi Sankyo Company, Ltd.1 | 2,709,731 | 56,054 | 59,014 | 3,489 | ||||||||||||
Teva Pharmaceutical Industries Ltd. (ADR)2 | 504,937 | — | 1,074 | 284 | ||||||||||||
Notre Dame Intermédica Participações SA | 325,423 | — | 73,023 | (31,919 | ) | |||||||||||
Hikma Pharmaceuticals PLC1,7 | 365,512 | — | 116,168 | 13,166 | ||||||||||||
Hypera SA, ordinary nominative7 | 191,798 | 70,258 | 87,565 | (60,638 | ) | |||||||||||
NMC Health PLC1,2,7,8 | 8,290 | — | 600 | (313,192 | ) | |||||||||||
Industrials 0.35% | ||||||||||||||||
Melrose Industries PLC1,2 | 438,676 | — | 886 | 66 | ||||||||||||
MTU Aero Engines AG1,7 | 432,886 | — | 60,554 | (47,265 | ) | |||||||||||
Communication services 0.24% | ||||||||||||||||
Altice Europe NV, Class A1,2 | 260,811 | — | 530 | 264 | ||||||||||||
Altice Europe NV, Class B1,2 | 57,068 | — | 115 | (123 | ) | |||||||||||
Materials 0.27% | ||||||||||||||||
First Quantum Minerals Ltd. | 271,293 | 20,275 | 41,114 | (11,491 | ) | |||||||||||
Energy 0.17% | ||||||||||||||||
Cenovus Energy Inc. | 93,143 | 74,878 | 553 | 254 | ||||||||||||
Consumer staples 0.00% | ||||||||||||||||
KOSÉ Corp.1,7 | 523,331 | — | 486,963 | (152,486 | ) | |||||||||||
Utilities 0.50% | ||||||||||||||||
ENN Energy Holdings Ltd.1 | 709,198 | 28,217 | 1,524 | 834 | ||||||||||||
China Resources Gas Group Ltd.1,7 | 635,653 | 2,553 | 221,559 | 4,626 | ||||||||||||
Short-term securities 4.48% | ||||||||||||||||
Money market investments 4.48% | ||||||||||||||||
Capital Group Central Cash Fund 0.12%5 | 11,404,067 | 9,358,564 | 13,403,545 | 812 | ||||||||||||
$ | (166,540 | ) |
6 | EuroPacific Growth Fund |
Net unrealized appreciation (depreciation) (000) | Value of affiliates at 9/30/2020 (000) | Dividend income (000) | ||||||||||
Common stocks 10.58% | ||||||||||||
Consumer discretionary 4.71% | ||||||||||||
MercadoLibre, Inc.2 | $ | 1,837,208 | $ | 3,471,013 | $ | — | ||||||
Flutter Entertainment PLC (GBP denominated)1 | 357,079 | 1,136,513 | — | |||||||||
Flutter Entertainment PLC (EUR denominated)1 | 360,988 | 862,178 | — | |||||||||
Just Eat Takeaway (GBP denominated)1,2 | 220,813 | 643,122 | — | |||||||||
Just Eat Takeaway (EUR denominated)1,2 | 115,161 | 352,315 | — | |||||||||
Melco Resorts & Entertainment Ltd. (ADR) | 200,221 | 445,267 | — | |||||||||
GVC Holdings PLC1,2 | 263,443 | 428,267 | — | |||||||||
ASOS PLC1,2 | 305,430 | 396,203 | — | |||||||||
Ryohin Keikaku Co., Ltd.1,7 | 190,258 | — | — | |||||||||
Stars Group Inc.2,7 | 83,155 | — | — | |||||||||
7,734,878 | ||||||||||||
Information technology 1.40% | ||||||||||||
PagSeguro Digital Ltd., Class A2 | 484,365 | 1,035,231 | — | |||||||||
Halma PLC1 | 134,080 | 642,368 | 2,805 | |||||||||
Edenred SA1,4 | 43,503 | 620,338 | 10,297 | |||||||||
2,297,937 | ||||||||||||
Financials 0.20% | ||||||||||||
Commerzbank AG, non-registered shares1,2 | 76,226 | 323,783 | — | |||||||||
B3 SA - Brasil, Bolsa, Balcao7 | 300,774 | — | 17,533 | |||||||||
323,783 | ||||||||||||
Health care 2.74% | ||||||||||||
Daiichi Sankyo Company, Ltd.1 | 915,969 | 3,626,229 | 15,078 | |||||||||
Teva Pharmaceutical Industries Ltd. (ADR)2 | 1,625 | 505,772 | — | |||||||||
Notre Dame Intermédica Participações SA | 144,268 | 364,749 | 8 | |||||||||
Hikma Pharmaceuticals PLC1,7 | 78,983 | — | 1,632 | |||||||||
Hypera SA, ordinary nominative7 | 37,929 | — | 1,323 | |||||||||
NMC Health PLC1,2,7,8 | 305,542 | — | — | |||||||||
4,496,750 | ||||||||||||
Industrials 0.35% | ||||||||||||
Melrose Industries PLC1,2 | 134,311 | 572,167 | — | |||||||||
MTU Aero Engines AG1,7 | 87,673 | — | 118 | |||||||||
572,167 | ||||||||||||
Communication services 0.24% | ||||||||||||
Altice Europe NV, Class A1,2 | 62,046 | 322,591 | — | |||||||||
Altice Europe NV, Class B1,2 | 13,486 | 70,316 | — | |||||||||
392,907 | ||||||||||||
Materials 0.27% | ||||||||||||
First Quantum Minerals Ltd. | 212,708 | 451,671 | 400 | |||||||||
Energy 0.17% | ||||||||||||
Cenovus Energy Inc. | 103,777 | 271,499 | — | |||||||||
Consumer staples 0.00% | ||||||||||||
KOSÉ Corp.1,7 | 116,118 | — | — | |||||||||
Utilities 0.50% | ||||||||||||
ENN Energy Holdings Ltd.1 | 91,491 | 828,216 | 15,889 | |||||||||
China Resources Gas Group Ltd.1,7 | (56,345 | ) | — | 13,334 | ||||||||
828,216 | ||||||||||||
Total common stocks | 17,369,808 |
EuroPacific Growth Fund | 7 |
Investments in affiliates3 (continued)
Net unrealized appreciation (depreciation) (000) | Value of affiliates at 9/30/2020 (000) | Dividend income (000) | ||||||||||
Short-term securities 4.48% | ||||||||||||
Money market investments 4.48% | ||||||||||||
Capital Group Central Cash Fund 0.12%5 | $ | (3,772 | ) | $ | 7,356,126 | $ | 13,068 | |||||
Total 15.06% | $ | 7,218,513 | $ | 24,725,934 | $ | 91,485 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities, including those in “Other securities,” was $131,053,749,000, which represented 79.82% of the net assets of the fund. This amount includes $130,833,359,000 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 | 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. |
4 | All or a portion of this security was on loan. The total value of all such securities, including those in “Other securities,” was $224,978,000, which represented .14% of the net assets of the fund. Refer to Note 5 for more information on securities lending. |
5 | Rate represents the seven-day yield at 9/30/2020. |
6 | Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending. |
7 | Unaffiliated issuer at 9/30/2020. |
8 | Value determined using significant unobservable inputs. |
Key to abbreviations
ADR = American Depositary Receipts
CAD = Canadian dollars
EUR = Euros
GBP = British pounds
See notes to financial statements.
8 | EuroPacific Growth Fund |
Financial statements
Statement of assets and liabilities | unaudited |
at September 30, 2020 | (dollars in thousands) |
Assets: | ||||||||
Investment securities, at value: | ||||||||
Unaffiliated issuers (cost: $86,909,486) | $ | 139,702,685 | ||||||
Affiliated issuers (cost: $20,176,449) | 24,725,934 | $ | 164,428,619 | |||||
Cash | 4 | |||||||
Cash denominated in currencies other than U.S. dollars (cost: $118,996) | 118,947 | |||||||
Receivables for: | ||||||||
Sales of investments | 279,730 | |||||||
Sales of fund’s shares | 344,029 | |||||||
Dividends and interest | 308,057 | |||||||
Securities lending income | 91 | 931,907 | ||||||
165,479,477 | ||||||||
Liabilities: | ||||||||
Collateral for securities on loan | 182,977 | |||||||
Payables for: | ||||||||
Purchases of investments | 228,425 | |||||||
Repurchases of fund’s shares | 399,464 | |||||||
Investment advisory services | 55,971 | |||||||
Services provided by related parties | 18,442 | |||||||
Trustees’ deferred compensation | 4,730 | |||||||
U.S. and non-U.S. taxes | 374,423 | |||||||
Other | 31,247 | 1,112,702 | ||||||
Net assets at September 30, 2020 | $ | 164,183,798 | ||||||
Net assets consist of: | ||||||||
Capital paid in on shares of beneficial interest | $ | 108,281,107 | ||||||
Total distributable earnings | 55,902,691 | |||||||
Net assets at September 30, 2020 | $ | 164,183,798 |
See notes to financial statements.
EuroPacific Growth Fund | 9 |
(dollars and shares in thousands, except per-share amounts)
Shares of beneficial interest issued and outstanding (no stated par value) —
unlimited shares authorized (2,837,316 total shares outstanding)
Net assets | Shares outstanding | Net asset value per share | ||||||||||
Class A | $ | 24,359,411 | 420,283 | $ | 57.96 | |||||||
Class C | 650,815 | 11,579 | 56.21 | |||||||||
Class T | 12 | — | * | 58.04 | ||||||||
Class F-1 | 2,394,324 | 41,501 | 57.69 | |||||||||
Class F-2 | 22,711,239 | 392,530 | 57.86 | |||||||||
Class F-3 | 16,059,253 | 276,586 | 58.06 | |||||||||
Class 529-A | 1,489,260 | 26,031 | 57.21 | |||||||||
Class 529-C | 80,110 | 1,442 | 55.57 | |||||||||
Class 529-E | 56,651 | 1,001 | 56.59 | |||||||||
Class 529-T | 14 | — | * | 58.01 | ||||||||
Class 529-F-1 | 168,111 | 2,937 | 57.23 | |||||||||
Class R-1 | 172,013 | 3,116 | 55.20 | |||||||||
Class R-2 | 667,844 | 11,988 | 55.71 | |||||||||
Class R-2E | 94,539 | 1,655 | 57.13 | |||||||||
Class R-3 | 2,761,081 | 48,814 | 56.56 | |||||||||
Class R-4 | 6,237,051 | 109,991 | 56.70 | |||||||||
Class R-5E | 2,327,230 | 40,440 | 57.55 | |||||||||
Class R-5 | 7,087,147 | 122,321 | 57.94 | |||||||||
Class R-6 | 76,867,693 | 1,325,101 | 58.01 |
* | Amount less than one thousand. |
See notes to financial statements.
10 | EuroPacific Growth Fund |
Statement of operations | unaudited |
for the six months ended September 30, 2020 | (dollars in thousands) |
Investment income: | ||||||||
Income: | ||||||||
Dividends (net of non-U.S. taxes of $252,528; also includes $91,485 from affiliates) | $ | 1,327,478 | ||||||
Interest | 119,719 | |||||||
Securities lending income (net of fees) | 1,764 | $ | 1,448,961 | |||||
Fees and expenses*: | ||||||||
Investment advisory services | 318,738 | |||||||
Distribution services | 54,269 | |||||||
Transfer agent services | 41,172 | |||||||
Administrative services | 23,061 | |||||||
Reports to shareholders | 1,859 | |||||||
Registration statement and prospectus | 944 | |||||||
Trustees’ compensation | 1,015 | |||||||
Auditing and legal | 241 | |||||||
Custodian | 9,916 | |||||||
Other | 584 | 451,799 | ||||||
Net investment income | 997,162 | |||||||
Net realized gain and unrealized appreciation: | ||||||||
Net realized gain (loss) on: | ||||||||
Investments: | ||||||||
Unaffiliated issuers | 843,402 | |||||||
Affiliated issuers | (166,540 | ) | ||||||
In-kind redemptions | 117,534 | |||||||
Currency transactions | (54,586 | ) | 739,810 | |||||
Net unrealized appreciation on: | ||||||||
Investments (net of non-U.S. taxes of $317,384): | ||||||||
Unaffiliated issuers | 34,965,032 | |||||||
Affiliated issuers | 7,218,513 | |||||||
Currency translations | 2,306 | 42,185,851 | ||||||
Net realized gain and unrealized appreciation | 42,925,661 | |||||||
Net increase in net assets resulting from operations | $ | 43,922,823 |
* | Additional information related to class-specific fees and expenses is included in the notes to financial statements. |
See notes to financial statements.
EuroPacific Growth Fund | 11 |
Statements of changes in net assets | |
(dollars in thousands) |
Six months ended September 30, 2020* | Year ended March 31, 2020 | |||||||
Operations: | ||||||||
Net investment income | $ | 997,162 | $ | 1,981,315 | ||||
Net realized gain | 739,810 | 3,085,446 | ||||||
Net unrealized appreciation (depreciation) | 42,185,851 | (24,111,444 | ) | |||||
Net increase (decrease) in net assets resulting from operations | 43,922,823 | (19,044,683 | ) | |||||
Distributions paid to shareholders | — | (5,069,935 | ) | |||||
Net capital share transactions | (10,061,595 | ) | (2,068,413 | ) | ||||
Total increase (decrease) in net assets | 33,861,228 | (26,183,031 | ) | |||||
Net assets: | ||||||||
Beginning of period | 130,322,570 | 156,505,601 | ||||||
End of period | $ | 164,183,798 | $ | 130,322,570 |
* | Unaudited. |
See notes to financial statements.
12 | EuroPacific Growth Fund |
Notes to financial statements | unaudited |
1. Organization |
EuroPacific Growth Fund (the “fund”) is registered under the Investment Company Act of 1940 as an open-end, diversified management investment company. The fund seeks to provide long-term growth of capital. Shareholders approved a proposal to reorganize the fund from a Massachusetts business trust to a Delaware statutory trust. The reorganization may be completed in the next year; however, the fund reserves the right to delay the implementation.
The fund has 19 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), five 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T and 529-F-1) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund’s share classes are described further in the following table:
Share class | Initial sales charge | Contingent deferred sales charge upon redemption | Conversion feature | ||||
Classes A and 529-A | Up to 5.75%1 | None (except 1% for certain redemptions within 18 months of purchase without an initial sales charge) | None | ||||
Class C | None | 1% for redemptions within one year of purchase | Class C converts to Class F-1 after 10 years2 | ||||
Class 529-C | None | 1% for redemptions within one year of purchase | Class 529-C converts to Class 529-A after 10 years3 | ||||
Class 529-E | None | None | None | ||||
Classes T and 529-T4 | Up to 2.50% | None | None | ||||
Classes F-1, F-2, F-3 and 529-F-1 | None | None | None | ||||
Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6 | None | None | None |
1 | Up to 3.50% for Class 529-A shares purchased on or after June 30, 2020. |
2 | Effective June 30, 2020, Class C converts to Class A after 8 years. |
3 | Effective June 30, 2020, Class 529-C converts to Class 529-A after 5 years. |
4 | Class T and 529-T shares are not available for purchase. |
Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses (“class-specific fees and expenses”), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.
EuroPacific Growth Fund | 13 |
2. Significant accounting policies
The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board. The fund’s financial statements have been prepared to comply with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles require the fund’s investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.
Security transactions and related investment income — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.
Class allocations — Income, fees and expenses (other than class-specific fees and expenses), realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.
Distributions paid to shareholders — Income dividends and capital gain distributions are recorded on the ex-dividend date.
Currency translation — Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the fund’s statement of operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.
In-kind redemptions — The fund normally redeems shares in cash; however, under certain conditions and circumstances, payment of the redemption price wholly or partly with portfolio securities or other fund assets may be permitted. A redemption of shares in-kind is based upon the closing value of the shares being redeemed as of the trade date. Realized gains/losses resulting from redemptions of shares in-kind are reflected separately in the fund’s statement of operations.
14 | EuroPacific Growth Fund |
3. Valuation
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by U.S. GAAP. The net asset value of each share class of the fund is generally determined as of approximately 4:00 p.m. New York time each day the New York Stock Exchange is open.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at 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 fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
Fixed-income class | Examples of standard inputs | |
All | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) | |
Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer | |
Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
When the fund’s 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
EuroPacific Growth Fund | 15 |
appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds”), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of the fund’s board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; 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 that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of trustees has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “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 fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
The fund’s 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.
16 | EuroPacific Growth Fund |
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following table presents the fund’s valuation levels as of September 30, 2020 (dollars in thousands):
Investment securities | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Common stocks: | ||||||||||||||||
Consumer discretionary | $ | 4,241,735 | $ | 24,814,627 | $ | — | $ | 29,056,362 | ||||||||
Information technology | 6,080,425 | 19,514,897 | — | 25,595,322 | ||||||||||||
Financials | 2,836,375 | 18,608,374 | — | 21,444,749 | ||||||||||||
Health care | 1,718,977 | 19,532,718 | 40 | 21,251,735 | ||||||||||||
Industrials | 779,950 | 13,008,279 | — | 13,788,229 | ||||||||||||
Communication services | 3,051,542 | 7,770,428 | — | 10,821,970 | ||||||||||||
Materials | 3,142,632 | 5,790,448 | — | 8,933,080 | ||||||||||||
Energy | 1,758,790 | 6,650,634 | — | 8,409,424 | ||||||||||||
Consumer staples | 515,087 | 7,739,829 | — | 8,254,916 | ||||||||||||
Utilities | — | 4,303,868 | — | 4,303,868 | ||||||||||||
Real estate | 292,684 | 1,566,399 | — | 1,859,083 | ||||||||||||
Preferred securities | 1,316,972 | 1,532,858 | — | * | 2,849,830 | |||||||||||
Rights & warrants | — | 220,350 | — | 220,350 | ||||||||||||
Bonds, notes & other debt instruments | — | 100,598 | — | 100,598 | ||||||||||||
Short-term securities | 7,539,103 | — | — | 7,539,103 | ||||||||||||
Total | $ | 33,274,272 | $ | 131,154,307 | $ | 40 | $ | 164,428,619 |
* | Amount less than one thousand. |
EuroPacific Growth Fund | 17 |
4. Risk factors
Investing in the fund may involve certain risks including, but not limited to, those described below.
Market conditions — The prices of, and the income generated by, the common stocks and other securities held by the fund may decline — sometimes rapidly or unpredictably — due to various factors, including events or conditions affecting the general economy or particular industries; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; and currency exchange rate, interest rate and commodity price fluctuations.
Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease) and other circumstances in one country or region could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund’s investments may be negatively affected by developments in other countries and regions.
Issuer risks — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer’s goods or services, poor management performance, major litigation related to the issuer, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives.
Investing in growth-oriented stocks — Growth-oriented common stocks and other equity-type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) may involve larger price swings and greater potential for loss than other types of investments. These risks may be even greater in the case of smaller capitalization stocks.
Investing outside the U.S. — Securities of issuers domiciled outside the U.S., or with significant operations or revenues outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers operate or generate revenue. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different accounting practices
18 | EuroPacific Growth Fund |
and different regulatory, legal and reporting standards and practices, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund. The risks of investing outside the U.S. may be heightened in connection with investments in emerging markets.
Investing in emerging markets — Investing in emerging markets may involve risks in addition to and greater than those generally associated with investing in the securities markets of developed countries. For instance, emerging market countries may have less developed legal and accounting systems than those in developed countries. The governments of these countries may be less stable and more likely to impose capital controls, nationalize a company or industry, place restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or impose punitive taxes that could adversely affect the prices of securities. In addition, the economies of these countries may be dependent on relatively few industries that are more susceptible to local and global changes. Securities markets in these countries can also be relatively small and have substantially lower trading volumes. As a result, securities issued in these countries may be more volatile and less liquid, and may be more difficult to value, than securities issued in countries with more developed economies and/or markets. Less certainty with respect to security valuations may lead to additional challenges and risks in calculating the fund’s net asset value. Additionally, emerging markets are more likely to experience problems with the clearing and settling of trades and the holding of securities by banks, agents and depositories that are less established than those in developed countries.
Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.
5. Certain investment techniques
Securities lending — The fund has entered into securities lending transactions in which the fund earns income by lending investment securities to brokers, dealers or other institutions. Each transaction involves three parties: the fund, acting as the lender of the securities, a borrower, and a lending agent that acts as an intermediary.
Securities lending transactions are entered into by the fund under a securities lending agent agreement with the lending agent. The lending agent facilitates the exchange of securities between the fund and approved borrowers, ensures that securities loans are properly coordinated and documented, marks-to-market the value of collateral daily, secures additional collateral from a borrower if it falls below preset terms, and may reinvest cash collateral on behalf of the fund according to agreed parameters. The
EuroPacific Growth Fund | 19 |
lending agent provides indemnification to the fund against losses resulting from a borrower default. Although risk is mitigated by the collateral and indemnification, the fund could experience a delay in recovering its securities and a potential loss of income or value if a borrower fails to return securities, collateral investments decline in value or the lending agent fails to perform.
The borrower is required to post highly liquid assets, such as cash or U.S. government securities, as collateral for the loan in an amount at least equal to the value of the securities loaned. Investments made with cash collateral are recognized as assets in the fund’s investment portfolio. The same amount is recorded as a liability in the fund’s statement of assets and liabilities. While securities are on loan, the fund will continue to receive the equivalent of the interest, dividends or other distributions paid by the issuer, as well as a portion of the interest on the investment of the collateral. Additionally, although the fund does not have the right to vote on securities while they are on loan, the fund has a right to consent on corporate actions and a right to recall loaned securities to vote. A borrower is obligated to return loaned securities at the conclusion of a loan or, during the pendency of a loan, on demand from the fund.
As of September 30, 2020, the total value of securities on loan was $224,978,000, and the total value of collateral received was $238,088,000. Collateral received includes cash of $182,977,000 and U.S. government securities of $55,111,000. Investment securities purchased from cash collateral are disclosed in the investment portfolio as short-term securities. Securities received as collateral, if any, are not recognized as fund assets. The contractual maturity of cash collateral received under the securities lending agreement is classified as overnight and continuous.
Collateral — The fund receives highly liquid assets, such as cash or U.S. government securities, as collateral in exchange for lending investment securities. The purpose of the collateral is to cover potential losses that could occur in the event the borrower cannot meet its contractual obligation. The lending agent may reinvest cash collateral from securities lending transactions according to agreed parameters. Cash collateral reinvested by the lending agent, if any, is disclosed in the fund’s summary investment portfolio.
6. Taxation and distributions
Federal income taxation — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to mutual funds and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.
As of and during the period ended September 30, 2020, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the period, the fund did not incur any significant interest or penalties.
20 | EuroPacific Growth Fund |
The fund’s tax returns are not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction’s statute of limitations, which is generally three years after the date of filing but can be extended in certain jurisdictions.
Non-U.S. taxation — Dividend and interest income are recorded net of non-U.S. taxes paid. The fund may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. As a result of rulings from European courts, the fund filed for additional reclaims related to prior years. These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. If applicable, the fund records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.
Distributions — Distributions paid to shareholders are based on net investment income and net realized gains determined on a tax basis, which may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; unrealized appreciation of certain investments in securities outside the U.S.; deferred expenses; cost of investments sold and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes.
The components of distributable earnings on a tax basis are reported as of the fund’s most recent year-end. As of March 31, 2020, the components of distributable earnings on a tax basis were as follows (dollars in thousands):
Post-October capital loss deferral* | $ | (1,546,268 | ) |
* | This deferral is considered incurred in the subsequent year. |
As of September 30, 2020, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):
Gross unrealized appreciation on investments | $ | 62,058,345 | ||
Gross unrealized depreciation on investments | (5,928,599 | ) | ||
Net unrealized appreciation on investments | 56,129,746 | |||
Cost of investments | 108,298,873 |
EuroPacific Growth Fund | 21 |
No distributions were paid to shareholders during the six months ended September 30, 2020.
Six months ended September 30, 2020 | Year ended March 31, 2020 | ||||||||||||||||||||||||
Share class | Ordinary income | Long-term capital gains | Total distributions paid | Ordinary income | Long-term capital gains | Total distributions paid | |||||||||||||||||||
Class A | $ | — | $ | — | $ | — | $ | 261,015 | $ | 438,500 | $ | 699,515 | |||||||||||||
Class C | — | — | — | 3,469 | 16,160 | 19,629 | |||||||||||||||||||
Class T | — | — | — | — | † | — | † | — | † | ||||||||||||||||
Class F-1 | — | — | — | 30,972 | 53,340 | 84,312 | |||||||||||||||||||
Class F-2 | — | — | — | 320,054 | 436,534 | 756,588 | |||||||||||||||||||
Class F-3 | — | — | — | 207,100 | 264,488 | 471,588 | |||||||||||||||||||
Class 529-A | — | — | — | 14,393 | 24,982 | 39,375 | |||||||||||||||||||
Class 529-C | — | — | — | 788 | 3,631 | 4,419 | |||||||||||||||||||
Class 529-E | — | — | — | 487 | 1,071 | 1,558 | |||||||||||||||||||
Class 529-T | — | — | — | — | † | — | † | — | † | ||||||||||||||||
Class 529-F-1 | — | — | — | 1,957 | 2,787 | 4,744 | |||||||||||||||||||
Class R-1 | — | — | — | 908 | 3,673 | 4,581 | |||||||||||||||||||
Class R-2 | — | — | — | 3,359 | 12,731 | 16,090 | |||||||||||||||||||
Class R-2E | — | — | — | 703 | 1,804 | 2,507 | |||||||||||||||||||
Class R-3 | — | — | — | 25,201 | 58,515 | 83,716 | |||||||||||||||||||
Class R-4 | — | — | — | 80,355 | 133,603 | 213,958 | |||||||||||||||||||
Class R-5E | — | — | — | 22,920 | 32,062 | 54,982 | |||||||||||||||||||
Class R-5 | — | — | — | 106,341 | 138,184 | 244,525 | |||||||||||||||||||
Class R-6 | — | — | — | 1,045,181 | 1,322,667 | 2,367,848 | |||||||||||||||||||
Total | $ | — | $ | — | $ | — | $ | 2,125,203 | $ | 2,944,732 | $ | 5,069,935 |
† | Amount less than one thousand. |
22 | EuroPacific Growth Fund |
7. Fees and transactions with related parties
CRMC, the fund’s investment adviser, is the parent company of American Funds Distributors®, Inc. (“AFD”), the principal underwriter of the fund’s shares, and American Funds Service Company® (“AFS”), the fund’s transfer agent. CRMC, AFD and AFS are considered related parties to the fund.
Investment advisory services — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.690% on the first $500 million of daily net assets and decreasing to 0.392% on such assets in excess of $186 billion. For the six months ended September 30, 2020, the investment advisory services fee was $318,738,000, which was equivalent to an annualized rate of 0.415% of average daily net assets.
Class-specific fees and expenses — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:
Distribution services — The fund has plans of distribution for all share classes, except Class F-2, F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.25% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate AFD for paying service fees, to firms that have entered into agreements with AFD to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.
Share class | Currently approved limits | Plan limits | ||||||||
Class A | 0.25 | % | 0.25 | % | ||||||
Class 529-A | 0.25 | 0.50 | ||||||||
Classes C, 529-C and R-1 | 1.00 | 1.00 | ||||||||
Class R-2 | 0.75 | 1.00 | ||||||||
Class R-2E | 0.60 | 0.85 | ||||||||
Classes 529-E and R-3 | 0.50 | 0.75 | ||||||||
Classes T, F-1, 529-T, 529-F-1 and R-4 | 0.25 | 0.50 |
For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by AFD for certain shares sold without a sales charge. These share classes reimburse AFD for amounts
EuroPacific Growth Fund | 23 |
billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of September 30, 2020, there were no unreimbursed expenses subject to reimbursement for Class A or 529-A shares.
Transfer agent services — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund’s share classes. These services include recordkeeping, shareholder communications and transaction processing. In addition, the fund reimburses AFS for amounts paid to third parties for performing transfer agent services on behalf of fund shareholders.
Administrative services — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of daily net assets attributable to each share class of the fund for CRMC’s provision of administrative services.
529 plan services — Each 529 share class is subject to service fees to compensate the Virginia College Savings Plan (“Virginia529”) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fee is based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Virginia529 through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. The quarterly fee is based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $100 billion. The fee for any given calendar quarter is accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. The fee is included in other expenses in the fund’s statement of operations. Virginia529 is not considered a related party to the fund.
24 | EuroPacific Growth Fund |
For the six months ended September 30, 2020, class-specific expenses under the agreements were as follows (dollars in thousands):
Share class | Distribution services | Transfer agent services | Administrative services | 529 plan services | ||||||||||||
Class A | $27,640 | $15,664 | $3,405 | Not applicable | ||||||||||||
Class C | 3,391 | 456 | 104 | Not applicable | ||||||||||||
Class T | — | — | * | — | * | Not applicable | ||||||||||
Class F-1 | 2,976 | 1,637 | 361 | Not applicable | ||||||||||||
Class F-2 | Not applicable | 12,372 | 3,203 | Not applicable | ||||||||||||
Class F-3 | Not applicable | 177 | 2,203 | Not applicable | ||||||||||||
Class 529-A | 1,536 | 758 | 202 | $419 | ||||||||||||
Class 529-C | 611 | 84 | 19 | 39 | ||||||||||||
Class 529-E | 132 | 18 | 8 | 17 | ||||||||||||
Class 529-T | — | — | * | — | * | — | * | |||||||||
Class 529-F-1 | — | 87 | 23 | 48 | ||||||||||||
Class R-1 | 830 | 95 | 25 | Not applicable | ||||||||||||
Class R-2 | 2,356 | 1,078 | 94 | Not applicable | ||||||||||||
Class R-2E | 267 | 94 | 13 | Not applicable | ||||||||||||
Class R-3 | 6,840 | 2,096 | 410 | Not applicable | ||||||||||||
Class R-4 | 7,690 | 3,091 | 923 | Not applicable | ||||||||||||
Class R-5E | Not applicable | 1,544 | 318 | Not applicable | ||||||||||||
Class R-5 | Not applicable | 1,597 | 1,014 | Not applicable | ||||||||||||
Class R-6 | Not applicable | 324 | 10,736 | Not applicable | ||||||||||||
Total class-specific expenses | $54,269 | $41,172 | $23,061 | $523 |
* | Amount less than one thousand. |
Trustees’ deferred compensation — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees’ compensation of $1,015,000 in the fund’s statement of operations reflects $392,000 in current fees (either paid in cash or deferred) and a net increase of $623,000 in the value of the deferred amounts.
Affiliated officers and trustees — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, AFD and AFS. No affiliated officers or trustees received any compensation directly from the fund.
Investment in CCF — The fund holds shares of CCF, an institutional prime money market fund managed by CRMC. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund’s short-term investments. CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from CCF.
EuroPacific Growth Fund | 25 |
Security transactions with related funds — The fund purchased securities from, and sold securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund’s board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. Each transaction was executed at the current market price of the security and no brokerage commissions or fees were paid in accordance with Rule 17a-7 of the 1940 Act. During the six months ended September 30, 2020, the fund engaged in such purchase and sale transactions with related funds in the amounts of $559,757,000 and $1,226,641,000, respectively, which generated $53,799,000 of net realized losses from such sales.
Interfund lending — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the six months ended September 30, 2020.
26 | EuroPacific Growth Fund |
8. Capital share transactions
Capital share transactions in the fund were as follows (dollars and shares in thousands):
Sales* | Reinvestments of distributions | Repurchases* | Net (decrease) increase | |||||||||||||||||||||||||||||
Share class | Amount | Shares | Amount | Shares | Amount | Shares | Amount | Shares | ||||||||||||||||||||||||
Six months ended September 30, 2020 | ||||||||||||||||||||||||||||||||
Class A | $ | 763,329 | 14,510 | $ | — | — | $ | (1,903,677 | ) | (36,497 | ) | $ | (1,140,348 | ) | (21,987 | ) | ||||||||||||||||
Class C | 23,012 | 454 | — | — | (232,115 | ) | (4,452 | ) | (209,103 | ) | (3,998 | ) | ||||||||||||||||||||
Class T | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Class F-1 | 161,403 | 3,194 | — | — | (735,790 | ) | (14,311 | ) | (574,387 | ) | (11,117 | ) | ||||||||||||||||||||
Class F-2 | 2,343,314 | 45,240 | — | — | (4,376,972 | ) | (85,463 | ) | (2,033,658 | ) | (40,223 | ) | ||||||||||||||||||||
Class F-3 | 1,774,472 | 34,148 | — | — | (2,127,207 | ) | (41,374 | ) | (352,735 | ) | (7,226 | ) | ||||||||||||||||||||
Class 529-A | 145,288 | 2,695 | — | — | (126,998 | ) | (2,403 | ) | 18,290 | 292 | ||||||||||||||||||||||
Class 529-C | 5,396 | 109 | — | — | (117,694 | ) | (2,233 | ) | (112,298 | ) | (2,124 | ) | ||||||||||||||||||||
Class 529-E | 1,831 | 35 | — | — | (7,086 | ) | (134 | ) | (5,255 | ) | (99 | ) | ||||||||||||||||||||
Class 529-T | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Class 529-F-1 | 11,793 | 226 | — | — | (13,415 | ) | (255 | ) | (1,622 | ) | (29 | ) | ||||||||||||||||||||
Class R-1 | 6,069 | 122 | — | — | (25,370 | ) | (504 | ) | (19,301 | ) | (382 | ) | ||||||||||||||||||||
Class R-2 | 47,789 | 948 | — | — | (90,259 | ) | (1,801 | ) | (42,470 | ) | (853 | ) | ||||||||||||||||||||
Class R-2E | 7,819 | 153 | — | — | (15,258 | ) | (300 | ) | (7,439 | ) | (147 | ) | ||||||||||||||||||||
Class R-3 | 174,000 | 3,452 | — | — | (594,982 | ) | (11,468 | ) | (420,982 | ) | (8,016 | ) | ||||||||||||||||||||
Class R-4 | 418,219 | 8,340 | — | — | (1,229,084 | ) | (23,459 | ) | (810,865 | ) | (15,119 | ) | ||||||||||||||||||||
Class R-5E | 193,035 | 3,678 | — | — | (211,554 | ) | (4,029 | ) | (18,519 | ) | (351 | ) | ||||||||||||||||||||
Class R-5 | 470,279 | 9,104 | — | — | (1,087,240 | ) | (20,586 | ) | (616,961 | ) | (11,482 | ) | ||||||||||||||||||||
Class R-6 | 5,221,602 | 99,789 | — | — | (8,935,544 | ) | (170,607 | ) | (3,713,942 | ) | (70,818 | ) | ||||||||||||||||||||
Total net increase (decrease) | $ | 11,768,650 | 226,197 | $ | — | — | $ | (21,830,245 | ) | (419,876 | ) | $ | (10,061,595 | ) | (193,679 | ) |
See end of table for footnotes.
EuroPacific Growth Fund | 27 |
Sales* | Reinvestments of distributions | Repurchases* | Net (decrease) increase | |||||||||||||||||||||||||||||
Share class | Amount | Shares | Amount | Shares | Amount | Shares | Amount | Shares | ||||||||||||||||||||||||
Year ended March 31, 2020 | ||||||||||||||||||||||||||||||||
Class A | $ | 1,274,015 | 24,688 | $ | 684,017 | 12,395 | $ | (4,068,897 | ) | (79,294 | ) | $ | (2,110,865 | ) | (42,211 | ) | ||||||||||||||||
Class C | 71,722 | 1,416 | 19,407 | 360 | (334,117 | ) | (6,627 | ) | (242,988 | ) | (4,851 | ) | ||||||||||||||||||||
Class T | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
Class F-1 | 418,803 | 8,114 | 81,854 | 1,490 | (1,057,188 | ) | (20,666 | ) | (556,531 | ) | (11,062 | ) | ||||||||||||||||||||
Class F-2 | 5,144,729 | 100,669 | 723,904 | 13,185 | (8,426,394 | ) | (164,771 | ) | (2,557,761 | ) | (50,917 | ) | ||||||||||||||||||||
Class F-3 | 4,884,766 | 95,241 | 422,315 | 7,670 | (2,735,186 | ) | (54,352 | ) | 2,571,895 | 48,559 | ||||||||||||||||||||||
Class 529-A | 131,361 | 2,537 | 39,363 | 722 | (248,626 | ) | (4,840 | ) | (77,902 | ) | (1,581 | ) | ||||||||||||||||||||
Class 529-C | 18,708 | 371 | 4,417 | 83 | (67,226 | ) | (1,331 | ) | (44,101 | ) | (877 | ) | ||||||||||||||||||||
Class 529-E | 5,156 | 102 | 1,558 | 29 | (11,691 | ) | (230 | ) | (4,977 | ) | (99 | ) | ||||||||||||||||||||
Class 529-T | — | — | — | † | — | † | — | — | — | † | — | † | ||||||||||||||||||||
Class 529-F-1 | 30,766 | 595 | 4,741 | 87 | (31,168 | ) | (607 | ) | 4,339 | 75 | ||||||||||||||||||||||
Class R-1 | 19,610 | 403 | 4,576 | 86 | (62,831 | ) | (1,268 | ) | (38,645 | ) | (779 | ) | ||||||||||||||||||||
Class R-2 | 165,222 | 3,260 | 16,078 | 301 | (237,918 | ) | (4,721 | ) | (56,618 | ) | (1,160 | ) | ||||||||||||||||||||
Class R-2E | 24,419 | 474 | 2,506 | 46 | (24,138 | ) | (476 | ) | 2,787 | 44 | ||||||||||||||||||||||
Class R-3 | 452,952 | 8,951 | 83,634 | 1,546 | (1,164,746 | ) | (22,786 | ) | (628,160 | ) | (12,289 | ) | ||||||||||||||||||||
Class R-4 | 1,153,114 | 22,768 | 213,908 | 3,963 | (2,908,739 | ) | (56,210 | ) | (1,541,717 | ) | (29,479 | ) | ||||||||||||||||||||
Class R-5E | 956,114 | 18,124 | 54,982 | 1,006 | (430,357 | ) | (8,211 | ) | 580,739 | 10,919 | ||||||||||||||||||||||
Class R-5 | 1,694,832 | 32,584 | 244,248 | 4,445 | (2,436,024 | ) | (46,366 | ) | (496,944 | ) | (9,337 | ) | ||||||||||||||||||||
Class R-6 | 13,841,526 | 267,563 | 2,360,459 | 42,925 | (13,072,949 | ) | (254,335 | ) | 3,129,036 | 56,153 | ||||||||||||||||||||||
Total net increase (decrease) | $ | 30,287,815 | 587,860 | $ | 4,961,967 | 90,339 | $ | (37,318,195 | ) | (727,091 | ) | $ | (2,068,413 | ) | (48,892 | ) |
* | Includes exchanges between share classes of the fund. |
† | Amount less than one thousand. |
28 | EuroPacific Growth Fund |
9. Investment transactions
The fund made purchases and sales of investment securities, excluding short-term securities and U.S. government obligations, if any, of $23,818,369,000 and $28,578,289,000, respectively, during the six months ended September 30, 2020.
EuroPacific Growth Fund | 29 |
Financial highlights
Income (loss) from investment operations1 | ||||||||||||||||
Period ended | Net asset value, beginning of period | Net investment income | Net gains (losses) on securities (both realized and unrealized) | Total from investment operations | ||||||||||||
Class A: | ||||||||||||||||
9/30/20204,5 | $ | 43.13 | $ | .27 | $ | 14.56 | $ | 14.83 | ||||||||
3/31/2020 | 50.99 | .53 | (6.84 | ) | (6.31 | ) | ||||||||||
3/31/2019 | 56.66 | .71 | (3.52 | ) | (2.81 | ) | ||||||||||
3/31/2018 | 49.30 | .47 | 9.51 | 9.98 | ||||||||||||
3/31/2017 | 44.28 | .44 | 5.14 | 5.58 | ||||||||||||
3/31/2016 | 49.91 | .44 | (4.68 | ) | (4.24 | ) | ||||||||||
Class C: | ||||||||||||||||
9/30/20204,5 | 41.98 | .07 | 14.16 | 14.23 | ||||||||||||
3/31/2020 | 49.70 | .15 | (6.69 | ) | (6.54 | ) | ||||||||||
3/31/2019 | 55.32 | .31 | (3.41 | ) | (3.10 | ) | ||||||||||
3/31/2018 | 48.19 | .04 | 9.29 | 9.33 | ||||||||||||
3/31/2017 | 43.25 | .08 | 5.02 | 5.10 | ||||||||||||
3/31/2016 | 48.75 | .06 | (4.56 | ) | (4.50 | ) | ||||||||||
Class T: | ||||||||||||||||
9/30/20204,5 | 43.13 | .35 | 14.56 | 14.91 | ||||||||||||
3/31/2020 | 50.99 | .65 | (6.82 | ) | (6.17 | ) | ||||||||||
3/31/2019 | 56.69 | .83 | (3.54 | ) | (2.71 | ) | ||||||||||
3/31/20184,10 | 49.19 | .58 | 9.63 | 10.21 | ||||||||||||
Class F-1: | ||||||||||||||||
9/30/20204,5 | 42.93 | .26 | 14.50 | 14.76 | ||||||||||||
3/31/2020 | 50.75 | .53 | (6.82 | ) | (6.29 | ) | ||||||||||
3/31/2019 | 56.40 | .74 | (3.57 | ) | (2.83 | ) | ||||||||||
3/31/2018 | 49.08 | .45 | 9.46 | 9.91 | ||||||||||||
3/31/2017 | 44.08 | .43 | 5.11 | 5.54 | ||||||||||||
3/31/2016 | 49.67 | .41 | (4.64 | ) | (4.23 | ) | ||||||||||
Class F-2: | ||||||||||||||||
9/30/20204,5 | 43.00 | .34 | 14.52 | 14.86 | ||||||||||||
3/31/2020 | 50.83 | .66 | (6.81 | ) | (6.15 | ) | ||||||||||
3/31/2019 | 56.52 | .82 | (3.52 | ) | (2.70 | ) | ||||||||||
3/31/2018 | 49.17 | .61 | 9.48 | 10.09 | ||||||||||||
3/31/2017 | 44.19 | .55 | 5.12 | 5.67 | ||||||||||||
3/31/2016 | 49.82 | .56 | (4.68 | ) | (4.12 | ) | ||||||||||
Class F-3: | ||||||||||||||||
9/30/20204,5 | 43.12 | .38 | 14.56 | 14.94 | ||||||||||||
3/31/2020 | 50.98 | .70 | (6.82 | ) | (6.12 | ) | ||||||||||
3/31/2019 | 56.68 | .82 | (3.48 | ) | (2.66 | ) | ||||||||||
3/31/2018 | 49.32 | .59 | 9.58 | 10.17 | ||||||||||||
3/31/20174,11 | 47.46 | .24 | 1.62 | 1.86 |
30 | EuroPacific Growth Fund |
Dividends and distributions | ||||||||||||||||||||||||||||||
Dividends (from net investment income) | Distributions (from capital gains) | Total dividends and distributions | Net asset value, end of period | Total return2 | Net assets, end of period (in millions) | Ratio of expenses to average net assets3 | Ratio of net income to average net assets | |||||||||||||||||||||||
$ | — | $ | — | $ | — | $ | 57.96 | 34.39 | %6 | $ | 24,360 | .84 | %7 | 1.04 | %7 | |||||||||||||||
(.58 | ) | (.97 | ) | (1.55 | ) | 43.13 | (13.03 | ) | 19,075 | .84 | 1.02 | |||||||||||||||||||
(.62 | ) | (2.24 | ) | (2.86 | ) | 50.99 | (4.97 | ) | 24,704 | .83 | 1.37 | |||||||||||||||||||
(.49 | ) | (2.13 | ) | (2.62 | ) | 56.66 | 20.74 | 29,067 | .82 | .86 | ||||||||||||||||||||
(.56 | ) | — | (.56 | ) | 49.30 | 12.72 | 25,678 | .85 | .95 | |||||||||||||||||||||
(.80 | ) | (.59 | ) | (1.39 | ) | 44.28 | (8.60 | ) | 26,556 | .83 | .92 | |||||||||||||||||||
— | — | — | 56.21 | 33.90 | 6 | 651 | 1.58 | 7 | .26 | 7 | ||||||||||||||||||||
(.21 | ) | (.97 | ) | (1.18 | ) | 41.98 | (13.68 | ) | 654 | 1.58 | .30 | |||||||||||||||||||
(.28 | ) | (2.24 | ) | (2.52 | ) | 49.70 | (5.70 | ) | 1,015 | 1.60 | .62 | |||||||||||||||||||
(.07 | ) | (2.13 | ) | (2.20 | ) | 55.32 | 19.82 | 1,350 | 1.60 | .08 | ||||||||||||||||||||
(.16 | ) | — | (.16 | ) | 48.19 | 11.82 | 1,240 | 1.63 | .17 | |||||||||||||||||||||
(.41 | ) | (.59 | ) | (1.00 | ) | 43.25 | (9.30 | ) | 1,474 | 1.62 | .13 | |||||||||||||||||||
— | — | — | 58.04 | 34.57 | 6,8 | — | 9 | .58 | 7,8 | 1.31 | 7,8 | |||||||||||||||||||
(.72 | ) | (.97 | ) | (1.69 | ) | 43.13 | (12.82 | )8 | — | 9 | .59 | 8 | 1.25 | 8 | ||||||||||||||||
(.75 | ) | (2.24 | ) | (2.99 | ) | 50.99 | (4.76 | )8 | — | 9 | .59 | 8 | 1.60 | 8 | ||||||||||||||||
(.58 | ) | (2.13 | ) | (2.71 | ) | 56.69 | 21.27 | 6,8 | — | 9 | .60 | 7,8 | 1.07 | 7,8 | ||||||||||||||||
— | — | — | 57.69 | 34.38 | 6 | 2,394 | .85 | 7 | 1.01 | 7 | ||||||||||||||||||||
(.56 | ) | (.97 | ) | (1.53 | ) | 42.93 | (13.05 | ) | 2,259 | .85 | 1.02 | |||||||||||||||||||
(.58 | ) | (2.24 | ) | (2.82 | ) | 50.75 | (5.01 | ) | 3,232 | .87 | 1.43 | |||||||||||||||||||
(.46 | ) | (2.13 | ) | (2.59 | ) | 56.40 | 20.69 | 4,385 | .86 | .83 | ||||||||||||||||||||
(.54 | ) | — | (.54 | ) | 49.08 | 12.69 | 4,179 | .87 | .93 | |||||||||||||||||||||
(.77 | ) | (.59 | ) | (1.36 | ) | 44.08 | (8.60 | ) | 4,281 | .86 | .86 | |||||||||||||||||||
— | — | — | 57.86 | 34.56 | 6 | 22,711 | .58 | 7 | 1.30 | 7 | ||||||||||||||||||||
(.71 | ) | (.97 | ) | (1.68 | ) | 43.00 | (12.80 | ) | 18,607 | .59 | 1.27 | |||||||||||||||||||
(.75 | ) | (2.24 | ) | (2.99 | ) | 50.83 | (4.75 | ) | 24,585 | .59 | 1.58 | |||||||||||||||||||
(.61 | ) | (2.13 | ) | (2.74 | ) | 56.52 | 21.05 | 25,826 | .59 | 1.11 | ||||||||||||||||||||
(.69 | ) | — | (.69 | ) | 49.17 | 12.99 | 22,949 | .60 | 1.19 | |||||||||||||||||||||
(.92 | ) | (.59 | ) | (1.51 | ) | 44.19 | (8.36 | ) | 19,386 | .60 | 1.18 | |||||||||||||||||||
— | — | — | 58.06 | 34.62 | 6 | 16,059 | .46 | 7 | 1.43 | 7 | ||||||||||||||||||||
(.77 | ) | (.97 | ) | (1.74 | ) | 43.12 | (12.70 | ) | 12,239 | .47 | 1.34 | |||||||||||||||||||
(.80 | ) | (2.24 | ) | (3.04 | ) | 50.98 | (4.65 | ) | 11,993 | .49 | 1.60 | |||||||||||||||||||
(.68 | ) | (2.13 | ) | (2.81 | ) | 56.68 | 21.15 | 9,473 | .49 | 1.06 | ||||||||||||||||||||
— | — | — | 49.32 | 3.92 | 6 | 1,162 | .09 | 6 | .50 | 6 |
See end of table for footnotes.
EuroPacific Growth Fund | 31 |
Financial highlights (continued)
Income (loss) from investment operations1 | ||||||||||||||||
Period ended | Net asset value, beginning of period | Net investment income | Net gains (losses) on securities (both realized and unrealized) | Total from investment operations | ||||||||||||
Class 529-A: | ||||||||||||||||
9/30/20204,5 | $ | 42.58 | $ | .27 | $ | 14.36 | $ | 14.63 | ||||||||
3/31/2020 | 50.35 | .51 | (6.75 | ) | (6.24 | ) | ||||||||||
3/31/2019 | 56.00 | .67 | (3.49 | ) | (2.82 | ) | ||||||||||
3/31/2018 | 48.77 | .44 | 9.40 | 9.84 | ||||||||||||
3/31/2017 | 43.82 | .41 | 5.09 | 5.50 | ||||||||||||
3/31/2016 | 49.41 | .40 | (4.63 | ) | (4.23 | ) | ||||||||||
Class 529-C: | ||||||||||||||||
9/30/20204,5 | 41.51 | .03 | 14.03 | 14.06 | ||||||||||||
3/31/2020 | 49.18 | .13 | (6.62 | ) | (6.49 | ) | ||||||||||
3/31/2019 | 54.79 | .29 | (3.38 | ) | (3.09 | ) | ||||||||||
3/31/2018 | 47.73 | .01 | 9.21 | 9.22 | ||||||||||||
3/31/2017 | 42.90 | .05 | 4.97 | 5.02 | ||||||||||||
3/31/2016 | 48.38 | .04 | (4.53 | ) | (4.49 | ) | ||||||||||
Class 529-E: | ||||||||||||||||
9/30/20204,5 | 42.15 | .20 | 14.24 | 14.44 | ||||||||||||
3/31/2020 | 49.87 | .39 | (6.70 | ) | (6.31 | ) | ||||||||||
3/31/2019 | 55.50 | .55 | (3.44 | ) | (2.89 | ) | ||||||||||
3/31/2018 | 48.35 | .31 | 9.31 | 9.62 | ||||||||||||
3/31/2017 | 43.45 | .30 | 5.04 | 5.34 | ||||||||||||
3/31/2016 | 49.00 | .29 | (4.59 | ) | (4.30 | ) | ||||||||||
Class 529-T: | ||||||||||||||||
9/30/20204,5 | 43.12 | .33 | 14.56 | 14.89 | ||||||||||||
3/31/2020 | 50.98 | .63 | (6.83 | ) | (6.20 | ) | ||||||||||
3/31/2019 | 56.68 | .79 | (3.53 | ) | (2.74 | ) | ||||||||||
3/31/20184,10 | 49.19 | .56 | 9.62 | 10.18 | ||||||||||||
Class 529-F-1: | ||||||||||||||||
9/30/20204,5 | 42.54 | .33 | 14.36 | 14.69 | ||||||||||||
3/31/2020 | 50.32 | .62 | (6.75 | ) | (6.13 | ) | ||||||||||
3/31/2019 | 55.99 | .76 | (3.47 | ) | (2.71 | ) | ||||||||||
3/31/2018 | 48.74 | .56 | 9.40 | 9.96 | ||||||||||||
3/31/2017 | 43.81 | .51 | 5.07 | 5.58 | ||||||||||||
3/31/2016 | 49.40 | .50 | (4.62 | ) | (4.12 | ) | ||||||||||
Class R-1: | ||||||||||||||||
9/30/20204,5 | 41.23 | .07 | 13.90 | 13.97 | ||||||||||||
3/31/2020 | 48.86 | .14 | (6.56 | ) | (6.42 | ) | ||||||||||
3/31/2019 | 54.46 | .31 | (3.37 | ) | (3.06 | ) | ||||||||||
3/31/2018 | 47.49 | .05 | 9.14 | 9.19 | ||||||||||||
3/31/2017 | 42.69 | .08 | 4.96 | 5.04 | ||||||||||||
3/31/2016 | 48.14 | .07 | (4.50 | ) | (4.43 | ) |
32 | EuroPacific Growth Fund |
Dividends and distributions | ||||||||||||||||||||||||||||||
Dividends (from net investment income) | Distributions (from capital gains) | Total dividends and distributions | Net asset value, end of period | Total return2 | Net assets, end of period (in millions) | Ratio of expenses to average net assets3 | Ratio of net income to average net assets | |||||||||||||||||||||||
$ | — | $ | — | $ | — | $ | 57.21 | 34.36 | %6 | $ | 1,489 | .87 | %7 | 1.03 | %7 | |||||||||||||||
(.56 | ) | (.97 | ) | (1.53 | ) | 42.58 | (13.05 | ) | 1,096 | .87 | .98 | |||||||||||||||||||
(.59 | ) | (2.24 | ) | (2.83 | ) | 50.35 | (5.04 | ) | 1,376 | .89 | 1.31 | |||||||||||||||||||
(.48 | ) | (2.13 | ) | (2.61 | ) | 56.00 | 20.71 | 1,525 | .87 | .81 | ||||||||||||||||||||
(.55 | ) | — | (.55 | ) | 48.77 | 12.65 | 1,172 | .90 | .90 | |||||||||||||||||||||
(.77 | ) | (.59 | ) | (1.36 | ) | 43.82 | (8.64 | ) | 1,103 | .90 | .86 | |||||||||||||||||||
— | — | — | 55.57 | 33.87 | 6 | 80 | 1.62 | 7 | .14 | 7 | ||||||||||||||||||||
(.21 | ) | (.97 | ) | (1.18 | ) | 41.51 | (13.72 | ) | 148 | 1.61 | .26 | |||||||||||||||||||
(.28 | ) | (2.24 | ) | (2.52 | ) | 49.18 | (5.72 | ) | 219 | 1.64 | .59 | |||||||||||||||||||
(.03 | ) | (2.13 | ) | (2.16 | ) | 54.79 | 19.76 | 278 | 1.65 | .03 | ||||||||||||||||||||
(.19 | ) | — | (.19 | ) | 47.73 | 11.76 | 343 | 1.68 | .12 | |||||||||||||||||||||
(.40 | ) | (.59 | ) | (.99 | ) | 42.90 | (9.35 | ) | 335 | 1.68 | .08 | |||||||||||||||||||
— | — | — | 56.59 | 34.23 | 6 | 57 | 1.08 | 7 | .80 | 7 | ||||||||||||||||||||
(.44 | ) | (.97 | ) | (1.41 | ) | 42.15 | (13.24 | ) | 46 | 1.09 | .77 | |||||||||||||||||||
(.50 | ) | (2.24 | ) | (2.74 | ) | 49.87 | (5.24 | ) | 60 | 1.11 | 1.09 | |||||||||||||||||||
(.34 | ) | (2.13 | ) | (2.47 | ) | 55.50 | 20.41 | 71 | 1.11 | .57 | ||||||||||||||||||||
(.44 | ) | — | (.44 | ) | 48.35 | 12.39 | 60 | 1.13 | .66 | |||||||||||||||||||||
(.66 | ) | (.59 | ) | (1.25 | ) | 43.45 | (8.86 | ) | 57 | 1.14 | .62 | |||||||||||||||||||
— | — | — | 58.01 | 34.53 | 6,8 | — | 9 | .63 | 7,8 | 1.26 | 7,8 | |||||||||||||||||||
(.69 | ) | (.97 | ) | (1.66 | ) | 43.12 | (12.87 | )8 | — | 9 | .64 | 8 | 1.19 | 8 | ||||||||||||||||
(.72 | ) | (2.24 | ) | (2.96 | ) | 50.98 | (4.82 | )8 | — | 9 | .65 | 8 | 1.52 | 8 | ||||||||||||||||
(.56 | ) | (2.13 | ) | (2.69 | ) | 56.68 | 21.22 | 6,8 | — | 9 | .64 | 7,8 | 1.03 | 7,8 | ||||||||||||||||
— | — | — | 57.23 | 34.50 | 6 | 168 | .64 | 7 | 1.26 | 7 | ||||||||||||||||||||
(.68 | ) | (.97 | ) | (1.65 | ) | 42.54 | (12.86 | ) | 126 | .64 | 1.20 | |||||||||||||||||||
(.72 | ) | (2.24 | ) | (2.96 | ) | 50.32 | (4.81 | ) | 145 | .66 | 1.50 | |||||||||||||||||||
(.58 | ) | (2.13 | ) | (2.71 | ) | 55.99 | 20.96 | 134 | .65 | 1.02 | ||||||||||||||||||||
(.65 | ) | — | (.65 | ) | 48.74 | 12.88 | 102 | .68 | 1.11 | |||||||||||||||||||||
(.88 | ) | (.59 | ) | (1.47 | ) | 43.81 | (8.44 | ) | 90 | .69 | 1.07 | |||||||||||||||||||
— | — | — | 55.20 | 33.88 | 6 | 172 | 1.58 | 7 | .30 | 7 | ||||||||||||||||||||
(.24 | ) | (.97 | ) | (1.21 | ) | 41.23 | (13.68 | ) | 144 | 1.58 | .29 | |||||||||||||||||||
(.30 | ) | (2.24 | ) | (2.54 | ) | 48.86 | (5.71 | ) | 209 | 1.60 | .61 | |||||||||||||||||||
(.09 | ) | (2.13 | ) | (2.22 | ) | 54.46 | 19.82 | 263 | 1.60 | .09 | ||||||||||||||||||||
(.24 | ) | — | (.24 | ) | 47.49 | 11.86 | 247 | 1.61 | .19 | |||||||||||||||||||||
(.43 | ) | (.59 | ) | (1.02 | ) | 42.69 | (9.28 | ) | 248 | 1.61 | .15 |
See end of table for footnotes.
EuroPacific Growth Fund | 33 |
Financial highlights (continued)
Income (loss) from investment operations1 | ||||||||||||||||
Period ended | Net asset value, beginning of period | Net investment income | Net gains (losses) on securities (both realized and unrealized) | Total from investment operations | ||||||||||||
Class R-2: | ||||||||||||||||
9/30/20204,5 | $ | 41.60 | $ | .08 | $ | 14.03 | $ | 14.11 | ||||||||
3/31/2020 | 49.30 | .14 | (6.61 | ) | (6.47 | ) | ||||||||||
3/31/2019 | 54.93 | .31 | (3.39 | ) | (3.08 | ) | ||||||||||
3/31/2018 | 47.88 | .06 | 9.21 | 9.27 | ||||||||||||
3/31/2017 | 43.01 | .09 | 5.00 | 5.09 | ||||||||||||
3/31/2016 | 48.49 | .08 | (4.53 | ) | (4.45 | ) | ||||||||||
Class R-2E: | ||||||||||||||||
9/30/20204,5 | 42.60 | .16 | 14.37 | 14.53 | ||||||||||||
3/31/2020 | 50.42 | .29 | (6.76 | ) | (6.47 | ) | ||||||||||
3/31/2019 | 55.76 | .77 | (3.74 | ) | (2.97 | ) | ||||||||||
3/31/2018 | 48.59 | .20 | 9.38 | 9.58 | ||||||||||||
3/31/2017 | 43.79 | .18 | 5.14 | 5.32 | ||||||||||||
3/31/2016 | 49.67 | .52 | (4.89 | ) | (4.37 | ) | ||||||||||
Class R-3: | ||||||||||||||||
9/30/20204,5 | 42.15 | .19 | 14.22 | 14.41 | ||||||||||||
3/31/2020 | 49.86 | .38 | (6.70 | ) | (6.32 | ) | ||||||||||
3/31/2019 | 55.48 | .55 | (3.45 | ) | (2.90 | ) | ||||||||||
3/31/2018 | 48.32 | .30 | 9.31 | 9.61 | ||||||||||||
3/31/2017 | 43.40 | .30 | 5.04 | 5.34 | ||||||||||||
3/31/2016 | 48.93 | .29 | (4.59 | ) | (4.30 | ) | ||||||||||
Class R-4: | ||||||||||||||||
9/30/20204,5 | 42.19 | .27 | 14.24 | 14.51 | ||||||||||||
3/31/2020 | 49.91 | .54 | (6.71 | ) | (6.17 | ) | ||||||||||
3/31/2019 | 55.52 | .69 | (3.46 | ) | (2.77 | ) | ||||||||||
3/31/2018 | 48.35 | .46 | 9.32 | 9.78 | ||||||||||||
3/31/2017 | 43.45 | .43 | 5.03 | 5.46 | ||||||||||||
3/31/2016 | 48.99 | .43 | (4.59 | ) | (4.16 | ) | ||||||||||
Class R-5E: | ||||||||||||||||
9/30/20204,5 | 42.77 | .34 | 14.44 | 14.78 | ||||||||||||
3/31/2020 | 50.58 | .62 | (6.76 | ) | (6.14 | ) | ||||||||||
3/31/2019 | 56.29 | .62 | (3.33 | ) | (2.71 | ) | ||||||||||
3/31/2018 | 49.02 | .59 | 9.45 | 10.04 | ||||||||||||
3/31/2017 | 44.14 | .53 | 5.09 | 5.62 | ||||||||||||
3/31/20164,12 | 48.16 | .20 | (2.65 | ) | (2.45 | ) | ||||||||||
Class R-5: | ||||||||||||||||
9/30/20204,5 | 43.04 | .36 | 14.54 | 14.90 | ||||||||||||
3/31/2020 | 50.88 | .70 | (6.82 | ) | (6.12 | ) | ||||||||||
3/31/2019 | 56.57 | .89 | (3.57 | ) | (2.68 | ) | ||||||||||
3/31/2018 | 49.22 | .64 | 9.48 | 10.12 | ||||||||||||
3/31/2017 | 44.22 | .58 | 5.13 | 5.71 | ||||||||||||
3/31/2016 | 49.85 | .58 | (4.68 | ) | (4.10 | ) |
34 | EuroPacific Growth Fund |
Dividends and distributions | ||||||||||||||||||||||||||||||
Dividends (from net investment income) | Distributions (from capital gains) | Total dividends and distributions | Net asset value, end of period | Total return2 | Net assets, end of period (in millions) | Ratio of expenses to average net assets3 | Ratio of net income to average net assets | |||||||||||||||||||||||
$ | — | $ | — | $ | — | $ | 55.71 | 33.89 | %6 | $ | 668 | 1.56 | %7 | .33 | %7 | |||||||||||||||
(.26 | ) | (.97 | ) | (1.23 | ) | 41.60 | (13.65 | ) | 534 | 1.57 | .28 | |||||||||||||||||||
(.31 | ) | (2.24 | ) | (2.55 | ) | 49.30 | (5.71 | ) | 690 | 1.60 | .61 | |||||||||||||||||||
(.09 | ) | (2.13 | ) | (2.22 | ) | 54.93 | 19.84 | 818 | 1.58 | .11 | ||||||||||||||||||||
(.22 | ) | — | (.22 | ) | 47.88 | 11.88 | 767 | 1.60 | .20 | |||||||||||||||||||||
(.44 | ) | (.59 | ) | (1.03 | ) | 43.01 | (9.25 | ) | 800 | 1.58 | .18 | |||||||||||||||||||
— | — | — | 57.13 | 34.08 | 6 | 95 | 1.27 | 7 | .61 | 7 | ||||||||||||||||||||
(.38 | ) | (.97 | ) | (1.35 | ) | 42.60 | (13.40 | ) | 77 | 1.28 | .56 | |||||||||||||||||||
(.13 | ) | (2.24 | ) | (2.37 | ) | 50.42 | (5.46 | ) | 89 | 1.31 | 1.47 | |||||||||||||||||||
(.28 | ) | (2.13 | ) | (2.41 | ) | 55.76 | 20.19 | 254 | 1.29 | .38 | ||||||||||||||||||||
(.52 | ) | — | (.52 | ) | 48.59 | 12.25 | 189 | 1.28 | .40 | |||||||||||||||||||||
(.92 | ) | (.59 | ) | (1.51 | ) | 43.79 | (8.89 | ) | 8 | 1.18 | 1.25 | |||||||||||||||||||
— | — | — | 56.56 | 34.19 | 6 | 2,761 | 1.12 | 7 | .74 | 7 | ||||||||||||||||||||
(.42 | ) | (.97 | ) | (1.39 | ) | 42.15 | (13.28 | ) | 2,395 | 1.13 | .75 | |||||||||||||||||||
(.48 | ) | (2.24 | ) | (2.72 | ) | 49.86 | (5.26 | ) | 3,446 | 1.14 | 1.08 | |||||||||||||||||||
(.32 | ) | (2.13 | ) | (2.45 | ) | 55.48 | 20.36 | 4,631 | 1.14 | .56 | ||||||||||||||||||||
(.42 | ) | — | (.42 | ) | 48.32 | 12.40 | 4,505 | 1.14 | .66 | |||||||||||||||||||||
(.64 | ) | (.59 | ) | (1.23 | ) | 43.40 | (8.87 | ) | 5,029 | 1.14 | .62 | |||||||||||||||||||
— | — | — | 56.70 | 34.39 | 6 | 6,237 | .82 | 7 | 1.05 | 7 | ||||||||||||||||||||
(.58 | ) | (.97 | ) | (1.55 | ) | 42.19 | (13.03 | ) | 5,278 | .82 | 1.04 | |||||||||||||||||||
(.60 | ) | (2.24 | ) | (2.84 | ) | 49.91 | (4.99 | ) | 7,715 | .84 | 1.37 | |||||||||||||||||||
(.48 | ) | (2.13 | ) | (2.61 | ) | 55.52 | 20.76 | 10,278 | .83 | .85 | ||||||||||||||||||||
(.56 | ) | — | (.56 | ) | 48.35 | 12.70 | 9,854 | .85 | .96 | |||||||||||||||||||||
(.79 | ) | (.59 | ) | (1.38 | ) | 43.45 | (8.58 | ) | 11,310 | .85 | .92 | |||||||||||||||||||
— | — | — | 57.55 | 34.52 | 6 | 2,327 | .61 | 7 | 1.29 | 7 | ||||||||||||||||||||
(.70 | ) | (.97 | ) | (1.67 | ) | 42.77 | (12.82 | ) | 1,745 | .62 | 1.20 | |||||||||||||||||||
(.76 | ) | (2.24 | ) | (3.00 | ) | 50.58 | (4.78 | ) | 1,511 | .63 | 1.24 | |||||||||||||||||||
(.64 | ) | (2.13 | ) | (2.77 | ) | 56.29 | 21.01 | 603 | .62 | 1.06 | ||||||||||||||||||||
(.74 | ) | — | (.74 | ) | 49.02 | 12.89 | 9 | .62 | 1.14 | |||||||||||||||||||||
(.98 | ) | (.59 | ) | (1.57 | ) | 44.14 | (5.19 | )6 | — | 9 | .25 | 6 | .46 | 6 | ||||||||||||||||
— | — | — | 57.94 | 34.62 | 6 | 7,087 | .51 | 7 | 1.37 | 7 | ||||||||||||||||||||
(.75 | ) | (.97 | ) | (1.72 | ) | 43.04 | (12.75 | ) | 5,759 | .52 | 1.33 | |||||||||||||||||||
(.77 | ) | (2.24 | ) | (3.01 | ) | 50.88 | (4.71 | ) | 7,283 | .54 | 1.72 | |||||||||||||||||||
(.64 | ) | (2.13 | ) | (2.77 | ) | 56.57 | 21.09 | 8,944 | .53 | 1.16 | ||||||||||||||||||||
(.71 | ) | — | (.71 | ) | 49.22 | 13.07 | 8,721 | .54 | 1.27 | |||||||||||||||||||||
(.94 | ) | (.59 | ) | (1.53 | ) | 44.22 | (8.32 | ) | 9,285 | .54 | 1.21 |
See end of table for footnotes.
EuroPacific Growth Fund | 35 |
Financial highlights (continued)
Income (loss) from investment operations1 | ||||||||||||||||
Period ended | Net asset value, beginning of period | Net investment income | Net gains (losses) on securities (both realized and unrealized) | Total from investment operations | ||||||||||||
Class R-6: | ||||||||||||||||
9/30/20204,5 | $ | 43.08 | $ | .38 | $ | 14.55 | $ | 14.93 | ||||||||
3/31/2020 | 50.93 | .71 | (6.82 | ) | (6.11 | ) | ||||||||||
3/31/2019 | 56.63 | .86 | (3.52 | ) | (2.66 | ) | ||||||||||
3/31/2018 | 49.27 | .65 | 9.51 | 10.16 | ||||||||||||
3/31/2017 | 44.27 | .60 | 5.14 | 5.74 | ||||||||||||
3/31/2016 | 49.90 | .60 | (4.67 | ) | (4.07 | ) |
Six months ended | ||||||||||||||||||||||||
September 30, | Year ended March 31, | |||||||||||||||||||||||
20204,5,6 | 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||
Portfolio turnover rate for all share classes13 | 17 | % | 38 | % | 35 | % | 29 | % | 36 | % | 30 | % |
See notes to financial statements.
36 | EuroPacific Growth Fund |
Dividends and distributions | ||||||||||||||||||||||||||||||
Dividends (from net investment income) | Distributions (from capital gains) | Total dividends and distributions | Net asset value, end of period | Total return2 | Net assets, end of period (in millions) | Ratio of expenses to average net assets3 | Ratio of net income to average net assets | |||||||||||||||||||||||
$ | — | $ | — | $ | — | $ | 58.01 | 34.62 | %6 | $ | 76,868 | .46 | %7 | 1.42 | %7 | |||||||||||||||
(.77 | ) | (.97 | ) | (1.74 | ) | 43.08 | (12.70 | ) | 60,141 | .47 | 1.36 | |||||||||||||||||||
(.80 | ) | (2.24 | ) | (3.04 | ) | 50.93 | (4.66 | ) | 68,234 | .49 | 1.68 | |||||||||||||||||||
(.67 | ) | (2.13 | ) | (2.80 | ) | 56.63 | 21.17 | 68,770 | .49 | 1.18 | ||||||||||||||||||||
(.74 | ) | — | (.74 | ) | 49.27 | 13.10 | 51,100 | .50 | 1.30 | |||||||||||||||||||||
(.97 | ) | (.59 | ) | (1.56 | ) | 44.27 | (8.26 | ) | 41,539 | .50 | 1.27 |
1 | Based on average shares outstanding. |
2 | Total returns exclude any applicable sales charges, including contingent deferred sales charges. |
3 | Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds. |
4 | Based on operations for a period that is less than a full year. |
5 | Unaudited. |
6 | Not annualized. |
7 | Annualized. |
8 | All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower. |
9 | Amount less than $1 million. |
10 | Class T and 529-T shares began investment operations on April 7, 2017. |
11 | Class F-3 shares began investment operations on January 27, 2017. |
12 | Class R-5E shares began investment operations on November 20, 2015. |
13 | Rates do not include the fund’s portfolio activity with respect to any Central Funds. |
EuroPacific Growth Fund | 37 |
Expense example | unaudited |
As a fund shareholder, you incur two types of costs: (1) transaction costs, such as initial sales charges on purchase payments and contingent deferred sales charges on redemptions (loads), and (2) ongoing costs, including management fees, distribution and service (12b-1) fees, and other expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire six-month period (April 1, 2020, through September 30, 2020).
Actual expenses:
The first line of each share class in the table on the following page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading titled “Expenses paid during period” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes:
The second line of each share class in the table on the following page provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed rate of return of 5.00% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5.00% hypothetical example with the 5.00% hypothetical examples that appear in the shareholder reports of the other funds.
Notes:
Retirement plan participants may be subject to certain fees charged by the plan sponsor, and Class F-1, F-2, F-3 and 529-F-1 shareholders may be subject to fees charged by financial intermediaries, typically ranging from 0.75% to 1.50% of assets annually depending on services offered. You can estimate the impact of these fees by adding the amount of the fees to the total estimated expenses you paid on your account during the period as calculated above. In addition, your ending account value would be lower by the amount of these fees.
Note that the expenses shown in the table on the following page are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of each share class in the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
38 | EuroPacific Growth Fund |
Beginning account value 4/1/2020 | Ending account value 9/30/2020 | Expenses paid during period* | Annualized expense ratio | |||||||||||||
Class A – actual return | $ | 1,000.00 | $ | 1,343.86 | $ | 4.94 | .84 | % | ||||||||
Class A – assumed 5% return | 1,000.00 | 1,020.86 | 4.26 | .84 | ||||||||||||
Class C – actual return | 1,000.00 | 1,338.98 | 9.26 | 1.58 | ||||||||||||
Class C – assumed 5% return | 1,000.00 | 1,017.15 | 7.99 | 1.58 | ||||||||||||
Class T – actual return | 1,000.00 | 1,345.72 | 3.41 | .58 | ||||||||||||
Class T – assumed 5% return | 1,000.00 | 1,022.16 | 2.94 | .58 | ||||||||||||
Class F-1 – actual return | 1,000.00 | 1,343.83 | 4.99 | .85 | ||||||||||||
Class F-1 – assumed 5% return | 1,000.00 | 1,020.81 | 4.31 | .85 | ||||||||||||
Class F-2 – actual return | 1,000.00 | 1,345.59 | 3.41 | .58 | ||||||||||||
Class F-2 – assumed 5% return | 1,000.00 | 1,022.16 | 2.94 | .58 | ||||||||||||
Class F-3 – actual return | 1,000.00 | 1,346.18 | 2.71 | .46 | ||||||||||||
Class F-3 – assumed 5% return | 1,000.00 | 1,022.76 | 2.33 | .46 | ||||||||||||
Class 529-A – actual return | 1,000.00 | 1,343.58 | 5.11 | .87 | ||||||||||||
Class 529-A – assumed 5% return | 1,000.00 | 1,020.71 | 4.41 | .87 | ||||||||||||
Class 529-C – actual return | 1,000.00 | 1,338.74 | 9.50 | 1.62 | ||||||||||||
Class 529-C – assumed 5% return | 1,000.00 | 1,016.95 | 8.19 | 1.62 | ||||||||||||
Class 529-E – actual return | 1,000.00 | 1,342.26 | 6.34 | 1.08 | ||||||||||||
Class 529-E – assumed 5% return | 1,000.00 | 1,019.65 | 5.47 | 1.08 | ||||||||||||
Class 529-T – actual return | 1,000.00 | 1,345.31 | 3.70 | .63 | ||||||||||||
Class 529-T – assumed 5% return | 1,000.00 | 1,021.91 | 3.19 | .63 | ||||||||||||
Class 529-F-1 – actual return | 1,000.00 | 1,345.02 | 3.76 | .64 | ||||||||||||
Class 529-F-1 – assumed 5% return | 1,000.00 | 1,021.86 | 3.24 | .64 | ||||||||||||
Class R-1 – actual return | 1,000.00 | 1,338.82 | 9.26 | 1.58 | ||||||||||||
Class R-1 – assumed 5% return | 1,000.00 | 1,017.15 | 7.99 | 1.58 | ||||||||||||
Class R-2 – actual return | 1,000.00 | 1,338.88 | 9.15 | 1.56 | ||||||||||||
Class R-2 – assumed 5% return | 1,000.00 | 1,017.25 | 7.89 | 1.56 | ||||||||||||
Class R-2E – actual return | 1,000.00 | 1,340.78 | 7.45 | 1.27 | ||||||||||||
Class R-2E – assumed 5% return | 1,000.00 | 1,018.70 | 6.43 | 1.27 | ||||||||||||
Class R-3 – actual return | 1,000.00 | 1,341.89 | 6.58 | 1.12 | ||||||||||||
Class R-3 – assumed 5% return | 1,000.00 | 1,019.45 | 5.67 | 1.12 | ||||||||||||
Class R-4 – actual return | 1,000.00 | 1,343.90 | 4.82 | .82 | ||||||||||||
Class R-4 – assumed 5% return | 1,000.00 | 1,020.96 | 4.15 | .82 | ||||||||||||
Class R-5E – actual return | 1,000.00 | 1,345.23 | 3.59 | .61 | ||||||||||||
Class R-5E – assumed 5% return | 1,000.00 | 1,022.01 | 3.09 | .61 | ||||||||||||
Class R-5 – actual return | 1,000.00 | 1,346.18 | 3.00 | .51 | ||||||||||||
Class R-5 – assumed 5% return | 1,000.00 | 1,022.51 | 2.59 | .51 | ||||||||||||
Class R-6 – actual return | 1,000.00 | 1,346.24 | 2.71 | .46 | ||||||||||||
Class R-6 – assumed 5% return | 1,000.00 | 1,022.76 | 2.33 | .46 |
* | The “expenses paid during period” are equal to the “annualized expense ratio,” multiplied by the average account value over the period, multiplied by the number of days in the period, and divided by 365 (to reflect the one-half year period). |
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Office of the fund
333 South Hope Street
Los Angeles, CA 90071-1406
Investment adviser
Capital Research and Management Company
333 South Hope Street
Los Angeles, CA 90071-1406
Transfer agent for shareholder accounts
American Funds Service Company
(Write to the address near you.)
P.O. Box 6007
Indianapolis, IN 46206-6007
P.O. Box 2280
Norfolk, VA 23501-2280
Custodian of assets
JPMorgan Chase Bank
270 Park Avenue
New York, NY 10017-2070
Counsel
Dechert LLP
One Bush Street, Suite 1600
San Francisco, CA 94104-4446
Independent registered public accounting firm
Deloitte & Touche LLP
695 Town Center Drive
Suite 1000
Costa Mesa, CA 92626-7188
Principal underwriter
American Funds Distributors, Inc.
333 South Hope Street
Los Angeles, CA 90071-1406
44 | EuroPacific Growth Fund |
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
“American Funds Proxy Voting Procedures and Principles” — which describes how we vote proxies relating to portfolio securities — is available on our website or upon request by calling AFS. The fund files its proxy voting record with the U.S. Securities and Exchange Commission (SEC) for the 12 months ended June 30 by August 31. The proxy voting record is available free of charge on the SEC website at sec.gov and on our website.
A complete September 30, 2020, portfolio of EuroPacific Growth Fund’s investments is available free of charge by calling AFS or visiting the SEC website (where it is part of Form N-CSR).
EuroPacific Growth Fund files a complete list of its portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form NPORT-P. This filing is available free of charge on the SEC website. Additionally, the list of portfolio holdings is available by calling AFS.
This report is for the information of shareholders of EuroPacific Growth Fund, but it also may be used as sales literature when preceded or accompanied by the current prospectus or summary prospectus, which gives details about charges, expenses, investment objectives and operating policies of the fund. If used as sales material after December 31, 2020, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.
MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.
American Funds Distributors, Inc., member FINRA.
The Capital Advantage®
Since 1931, Capital Group, home of American Funds, has helped investors pursue long-term investment success. Our consistent approach — in combination with The Capital SystemSM — has resulted in superior outcomes.
Aligned with investor success | |
We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 28 years of investment industry experience, including 22 years at our company, reflecting a career commitment to our long-term approach.1 | |
The Capital System | |
The Capital System combines individual accountability with teamwork. Funds using The Capital System are divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system. | |
American Funds’ superior outcomes | |
Equity funds have beaten their Lipper peer indexes in 92% of 10-year periods and 99% of 20-year periods.2 Fixed income funds have helped investors achieve diversification through attention to correlation between bonds and equities.3 Fund management fees have been among the lowest in the industry.4 |
1 | Investment industry experience as of December 31, 2019. | |
2 | Based on Class F-2 share results for rolling periods through December 31, 2019. Periods covered are the shorter of the fund’s lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used). Expenses differ for each share class, so results will vary. | |
3 | Based on Class F-2 share results as of December 31, 2019. Fifteen of the 17 fixed income American Funds that have been in existence for the three-year period showed a three-year correlation below 0.2. Standard & Poor’s 500 Composite Index was used as an equity market proxy. Correlation based on monthly total returns. Correlation is a statistical measure of how two securities move in relation to each other. A correlation ranges from –1 to 1. A positive correlation close to 1 implies that as one security moves, either up or down, the other security will move in “lockstep,” in the same direction. A negative correlation close to –1 indicates that the securities have moved in the opposite direction. | |
4 | On average, our management fees were in the lowest quintile 65% of the time, based on the 20-year period ended December 31, 2019, versus comparable Lipper categories, excluding funds of funds. |
Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Results for certain funds with an inception date after August 1, 2008, also include hypothetical returns because those funds’ Class F-2 shares sold after the funds’ date of first offering. Please see capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.
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.
ITEM 2 – Code of Ethics
Not applicable for filing of semi-annual reports to shareholders.
ITEM 3 – Audit Committee Financial Expert
Not applicable for filing of semi-annual reports to shareholders.
ITEM 4 – Principal Accountant Fees and Services
Not applicable for filing of semi-annual reports to shareholders.
ITEM 5 – Audit Committee of Listed Registrants
Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.
ITEM 6 – Schedule of Investments
EuroPacific Growth Fund®
Investment portfolio
September 30, 2020
unaudited
Common stocks 93.63% Consumer discretionary 17.70% | Shares | Value (000) |
Alibaba Group Holding Ltd.1,2 | 122,025,333 | $4,512,334 |
MercadoLibre, Inc.2,3 | 3,206,538 | 3,471,013 |
LVMH Moët Hennessy-Louis Vuitton SE1 | 5,761,457 | 2,693,458 |
Flutter Entertainment PLC (GBP denominated)1,3 | 7,216,405 | 1,136,513 |
Flutter Entertainment PLC (EUR denominated)1,3 | 5,441,169 | 862,178 |
adidas AG1,2 | 4,894,744 | 1,584,249 |
Sony Corp.1 | 17,865,360 | 1,366,431 |
Kering SA1 | 1,846,698 | 1,226,919 |
Meituan Dianping, Class B1,2 | 35,777,570 | 1,125,179 |
EssilorLuxottica1,2 | 7,775,377 | 1,057,338 |
Delivery Hero SE1,2 | 9,118,749 | 1,048,932 |
Just Eat Takeaway (GBP denominated)1,2,3 | 5,755,369 | 643,122 |
Just Eat Takeaway (EUR denominated)1,2,3 | 3,146,014 | 352,315 |
Galaxy Entertainment Group Ltd.1 | 125,119,000 | 846,851 |
Prosus NV1,2 | 5,923,554 | 546,258 |
Hermès International1 | 615,702 | 530,725 |
Melco Resorts & Entertainment Ltd. (ADR)3 | 26,742,752 | 445,267 |
Fast Retailing Co., Ltd.1 | 705,600 | 442,735 |
GVC Holdings PLC1,2,3 | 34,025,641 | 428,267 |
Evolution Gaming Group AB1 | 6,045,185 | 399,588 |
ASOS PLC1,2,3 | 5,970,720 | 396,203 |
Industria de Diseño Textil, SA1 | 12,993,823 | 361,263 |
Maruti Suzuki India Ltd.1 | 3,075,600 | 282,567 |
Persimmon PLC1 | 7,979,224 | 253,432 |
Nitori Holdings Co., Ltd.1 | 1,166,400 | 242,599 |
THG Holdings Ltd.1,2 | 27,690,694 | 213,741 |
Naspers Ltd., Class N1,2 | 1,208,325 | 213,120 |
Barratt Developments PLC1 | 33,266,973 | 203,406 |
Li Ning Co. Ltd.1 | 36,251,000 | 170,103 |
Sands China Ltd.1 | 42,582,800 | 165,702 |
China Tourism Group Duty Free Corp. Ltd., Class A1 | 4,915,334 | 161,140 |
Midea Group Co., Ltd., Class A1 | 14,633,999 | 156,464 |
Yum China Holdings, Inc. | 2,581,753 | 136,704 |
Taylor Wimpey PLC1 | 93,859,276 | 130,606 |
Peugeot SA1,2 | 6,788,567 | 122,400 |
Cie. Financière Richemont SA, Class A1 | 1,816,539 | 121,673 |
Ferrari NV1 | 630,813 | 115,467 |
B2W - Cia. Digital, ordinary nominative2 | 7,096,000 | 113,695 |
Wynn Macau, Ltd.1,2 | 70,419,200 | 112,725 |
Bandai Namco Holdings Inc.1 | 1,479,734 | 108,093 |
Bayerische Motoren Werke AG1 | 1,440,957 | 104,628 |
Gree Electric Appliances, Inc. of Zhuhai, Class A1 | 12,765,808 | 100,330 |
Pan Pacific International Holdings Corp.1 | 3,378,000 | 78,691 |
Melco International Development Ltd.1 | 39,311,000 | 69,552 |
Lojas Americanas SA, ordinary nominative | 15,154,966 | 65,845 |
Moncler SpA1,2 | 1,315,000 | 53,860 |
B&M European Value Retail SA1 | 7,972,972 | 50,731 |
EuroPacific Growth Fund — Page 1 of 9
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) |
Astra International Tbk PT1 | 75,580,000 | $22,739 |
Trip.com Group Ltd. (ADR)2 | 295,802 | 9,211 |
29,056,362 | ||
Information technology 15.59% | ||
ASML Holding NV1 | 10,440,613 | 3,849,815 |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 183,684,649 | 2,758,682 |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 8,589,782 | 696,373 |
Shopify Inc., Class A, subordinate voting shares2 | 2,747,705 | 2,810,820 |
Keyence Corp.1 | 6,028,900 | 2,809,724 |
SAP SE1 | 13,484,711 | 2,099,885 |
PagSeguro Digital Ltd., Class A2,3 | 27,452,436 | 1,035,231 |
Samsung Electronics Co., Ltd.1 | 17,631,453 | 888,373 |
STMicroelectronics NV1 | 28,633,416 | 875,246 |
Nice Ltd. (ADR)2 | 2,724,983 | 618,653 |
Nice Ltd.1,2 | 252,269 | 57,161 |
StoneCo Ltd., Class A2 | 12,236,327 | 647,179 |
Halma PLC1,3 | 21,312,534 | 642,368 |
Edenred SA1,3,4 | 13,826,653 | 620,338 |
Adyen NV1,2 | 313,402 | 577,555 |
Tokyo Electron Ltd.1 | 1,938,200 | 507,284 |
Worldline SA, non-registered shares1,2 | 6,152,147 | 504,462 |
Hexagon AB, Class B1,2 | 6,114,686 | 462,123 |
Amadeus IT Group SA, Class A, non-registered shares1 | 6,734,516 | 373,739 |
Nomura Research Institute, Ltd.1 | 11,608,000 | 341,160 |
Temenos AG1 | 2,394,465 | 322,454 |
Capgemini SE1,4 | 2,079,052 | 266,276 |
TeamViewer AG1,2 | 5,152,281 | 254,422 |
OBIC Co., Ltd.1,4 | 1,177,263 | 207,145 |
Ingenico Group SA1,2,4 | 1,022,278 | 158,183 |
SimCorp AS1 | 1,173,972 | 154,319 |
Xero Ltd.1,2 | 1,989,486 | 145,470 |
Atlassian Corp. PLC, Class A2 | 788,471 | 143,336 |
Infosys Ltd. (ADR) | 9,328,988 | 128,833 |
NetEase, Inc.1 | 7,155,200 | 128,349 |
Dassault Systemes SA1 | 638,269 | 119,059 |
Hangzhou Hikvision Digital Technology Co., Ltd., Class A1 | 18,959,894 | 106,526 |
Justsystems Corp.1 | 1,218,148 | 86,270 |
Avast PLC1 | 10,501,898 | 71,024 |
Silergy Corp.1 | 696,000 | 41,182 |
Otsuka Corp.1 | 536,400 | 27,451 |
TDK Corp.1 | 236,800 | 25,895 |
Nemetschek SE1 | 217,479 | 15,929 |
Largan Precision Co., Ltd.1 | 76,000 | 8,880 |
Reply SpA1 | 70,800 | 8,148 |
25,595,322 | ||
Financials 13.06% | ||
AIA Group Ltd.1 | 373,649,401 | 3,680,887 |
HDFC Bank Ltd.1,2 | 170,841,963 | 2,517,368 |
HDFC Bank Ltd. (ADR)2 | 9,537,540 | 476,495 |
Kotak Mahindra Bank Ltd.1,2 | 98,539,478 | 1,696,066 |
London Stock Exchange Group PLC1 | 10,390,289 | 1,188,657 |
B3 SA - Brasil, Bolsa, Balcao | 101,429,300 | 993,541 |
Ping An Insurance (Group) Company of China, Ltd., Class H1,4 | 80,297,999 | 828,373 |
EuroPacific Growth Fund — Page 2 of 9
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) |
Ping An Insurance (Group) Company of China, Ltd., Class A1 | 8,178,157 | $91,668 |
UniCredit SpA1,2 | 111,319,973 | 918,022 |
Sberbank of Russia PJSC (ADR)1,2 | 54,067,627 | 630,791 |
Barclays PLC1,2 | 429,141,028 | 540,015 |
Hong Kong Exchanges and Clearing Ltd.1 | 11,194,300 | 526,181 |
Deutsche Boerse AG1 | 2,955,507 | 519,044 |
ICICI Bank Ltd.1,2 | 79,686,904 | 386,556 |
ICICI Bank Ltd. (ADR)2 | 9,783,600 | 96,173 |
HDFC Life Insurance Company Ltd.1,2 | 61,595,160 | 467,354 |
Deutsche Bank AG1,2 | 53,351,214 | 449,821 |
XP Inc., Class A2 | 10,134,593 | 422,511 |
FinecoBank SpA1,2 | 30,065,061 | 413,688 |
Toronto-Dominion Bank (CAD denominated) | 8,872,608 | 410,797 |
Société Générale1,2 | 27,113,425 | 358,782 |
Axis Bank Ltd.1,2 | 56,891,711 | 330,246 |
Brookfield Asset Management Inc., Class A | 9,919,272 | 327,931 |
Commerzbank AG, non-registered shares1,2,3 | 65,877,439 | 323,783 |
PICC Property and Casualty Co. Ltd., Class H1 | 420,787,869 | 294,431 |
Zurich Insurance Group AG1 | 833,025 | 289,631 |
BNP Paribas SA1,2 | 6,557,259 | 237,543 |
Housing Development Finance Corp. Ltd.1 | 9,812,000 | 232,873 |
Bank Rakyat Indonesia (Persero) Tbk PT1 | 1,032,412,900 | 211,790 |
Macquarie Group Ltd.1 | 2,419,850 | 207,859 |
QBE Insurance Group Ltd.1 | 32,948,509 | 203,915 |
3i Group PLC1 | 15,557,856 | 199,709 |
The People’s Insurance Co. (Group) of China Ltd., Class H1 | 419,160,744 | 125,380 |
Capitec Bank Holdings Ltd.1 | 1,841,956 | 114,011 |
Banco Bilbao Vizcaya Argentaria, SA1 | 40,232,046 | 111,192 |
Euronext NV1,4 | 751,516 | 93,938 |
ING Groep NV1,2 | 11,546,645 | 81,760 |
Discovery Ltd.1 | 8,305,419 | 63,359 |
BB Seguridade Participações SA | 14,510,000 | 62,707 |
Hiscox Ltd.1,2 | 4,636,063 | 53,360 |
Turkiye Garanti Bankasi AS1,2 | 52,537,929 | 48,246 |
TMX Group Ltd. | 389,449 | 40,052 |
IndusInd Bank Ltd.1,2 | 4,977,000 | 35,980 |
Banco Santander, SA1 | 15,029,533 | 27,999 |
UBS Group AG1,4 | 1,834,473 | 20,479 |
Skandinaviska Enskilda Banken AB, Class A1,2 | 2,223,704 | 19,684 |
DNB ASA1,2 | 1,387,088 | 19,158 |
Partners Group Holding AG1 | 19,434 | 17,883 |
Metropolitan Bank & Trust Company1 | 21,213,192 | 16,717 |
Bank Mandiri (Persero) Tbk PT1 | 42,243,700 | 14,175 |
Royal Bank of Canada | 87,855 | 6,168 |
21,444,749 | ||
Health care 12.95% | ||
Daiichi Sankyo Company, Ltd.1,3 | 118,008,600 | 3,626,229 |
Chugai Pharmaceutical Co., Ltd.1 | 42,467,600 | 1,905,696 |
WuXi Biologics (Cayman) Inc.1,2 | 67,747,874 | 1,662,565 |
AstraZeneca PLC1 | 12,503,044 | 1,360,843 |
HOYA Corp.1 | 7,685,551 | 866,313 |
Olympus Corp.1 | 40,269,800 | 835,889 |
CSL Ltd.1 | 3,893,001 | 802,121 |
Novartis AG1 | 9,169,847 | 796,871 |
EuroPacific Growth Fund — Page 3 of 9
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) |
M3, Inc.1 | 12,471,451 | $774,376 |
Novo Nordisk A/S, Class B1 | 7,766,286 | 539,460 |
Alcon Inc.1,2 | 9,351,294 | 530,911 |
Aier Eye Hospital Group Co., Ltd., Class A1 | 69,453,034 | 524,691 |
Teva Pharmaceutical Industries Ltd. (ADR)2,3 | 56,134,536 | 505,772 |
Koninklijke Philips NV (EUR denominated)1,2 | 9,476,221 | 446,427 |
WuXi AppTec Co., Ltd., Class A1 | 28,051,084 | 420,030 |
WuXi AppTec Co., Ltd., Class H1 | 790,000 | 11,430 |
Lonza Group AG1 | 698,324 | 431,062 |
Fresenius SE & Co. KGaA1 | 9,417,663 | 428,688 |
Grifols, SA, Class A, non-registered shares1 | 11,416,470 | 329,019 |
Grifols, SA, Class B (ADR) | 3,507,519 | 60,855 |
Notre Dame Intermédica Participações SA3 | 31,484,719 | 364,749 |
Hikma Pharmaceuticals PLC1 | 10,195,746 | 341,493 |
BeiGene, Ltd. (ADR)2 | 1,178,966 | 337,703 |
Sonova Holding AG1,2 | 1,240,389 | 314,547 |
bioMérieux SA1 | 1,906,042 | 298,372 |
Asahi Intecc Co., Ltd.1 | 9,366,400 | 294,219 |
Takeda Pharmaceutical Company, Ltd.1 | 8,046,400 | 286,629 |
Coloplast A/S, Class B1 | 1,737,575 | 274,794 |
Shionogi & Co., Ltd.1 | 4,030,302 | 215,625 |
Argenx SE (ADR)2 | 654,897 | 171,924 |
Genmab A/S1,2 | 460,696 | 167,284 |
Hypera SA, ordinary nominative | 28,584,628 | 151,782 |
Fresenius Medical Care AG & Co. KGaA1 | 1,750,965 | 147,848 |
GN Store Nord AS1 | 1,855,320 | 140,383 |
Merck KGaA1 | 938,480 | 137,039 |
Alibaba Health Information Technology Ltd1,2 | 50,380,000 | 123,954 |
Yunnan Baiyao Group Co., Ltd., Class A1 | 7,639,855 | 114,744 |
Terumo Corp.1 | 2,694,100 | 107,337 |
Zai Lab Ltd.1,2 | 1,195,988 | 98,919 |
Galapagos NV1,2 | 657,420 | 93,377 |
Straumann Holding AG1 | 83,029 | 83,533 |
GW Pharmaceuticals PLC (ADR)2,4 | 678,443 | 66,046 |
CRISPR Therapeutics AG2 | 719,100 | 60,146 |
NMC Health PLC1,2,5 | 3,099,779 | 40 |
21,251,735 | ||
Industrials 8.40% | ||
Recruit Holdings Co., Ltd.1 | 51,825,329 | 2,056,294 |
Airbus SE, non-registered shares1,2 | 25,507,717 | 1,851,472 |
Safran SA1,2 | 10,776,168 | 1,060,416 |
DSV Panalpina A/S1 | 5,225,958 | 852,821 |
Melrose Industries PLC1,2,3 | 387,796,732 | 572,167 |
Ryanair Holdings PLC (ADR)2 | 6,425,180 | 525,323 |
Ryanair Holdings PLC1,2 | 2,061,291 | 27,409 |
Rentokil Initial PLC1 | 78,763,863 | 542,073 |
Knorr-Bremse AG, non-registered shares1 | 4,393,743 | 519,014 |
Experian PLC1 | 13,310,171 | 498,078 |
SMC Corp.1 | 757,082 | 421,360 |
MTU Aero Engines AG1 | 2,481,623 | 412,740 |
Nidec Corp.1 | 4,259,000 | 396,091 |
ASSA ABLOY AB, Class B1 | 16,191,737 | 377,932 |
Kingspan Group PLC1,2 | 3,686,366 | 335,287 |
Shanghai International Airport Co., Ltd., Class A1 | 33,093,528 | 333,768 |
EuroPacific Growth Fund — Page 4 of 9
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) |
Airports of Thailand PCL, foreign registered shares1 | 180,787,600 | $323,531 |
Spirax-Sarco Engineering PLC1 | 2,064,378 | 293,504 |
NIBE Industrier AB, Class B1,2 | 10,861,699 | 279,947 |
AB Volvo, Class B1,2 | 12,706,317 | 244,045 |
DCC PLC1 | 2,452,442 | 188,998 |
Techtronic Industries Co. Ltd.1 | 13,696,000 | 180,098 |
Country Garden Services Holdings Co., Ltd.1 | 26,571,000 | 171,935 |
CCR SA, ordinary nominative | 71,095,655 | 160,399 |
ABB Ltd.1 | 5,506,255 | 139,556 |
Adani Ports & Special Economic Zone Ltd.1 | 28,847,869 | 134,293 |
Epiroc AB, Class B1 | 8,328,742 | 115,838 |
Rheinmetall AG1 | 1,228,096 | 110,723 |
Aeroports de Paris SA1 | 934,486 | 93,049 |
Jardine Matheson Holdings Ltd.1 | 1,978,600 | 78,531 |
Rolls-Royce Holdings PLC1,2,4 | 47,113,959 | 78,175 |
Nihon M&A Center Inc.1 | 1,131,900 | 64,565 |
Canadian National Railway Company (CAD denominated) | 564,249 | 60,092 |
Komatsu Ltd.1,4 | 2,432,100 | 53,542 |
IMCD NV1 | 288,400 | 34,338 |
IMCD NV1 | 128,600 | 15,312 |
A-Living Services Co., Ltd., Class H1 | 9,616,500 | 48,967 |
Daikin Industries, Ltd.1 | 245,500 | 45,268 |
RELX PLC1 | 1,602,511 | 35,471 |
TFI International Inc. | 816,063 | 34,136 |
VAT Group AG1 | 113,359 | 21,671 |
13,788,229 | ||
Communication services 6.59% | ||
Sea Ltd., Class A (ADR)2 | 15,976,392 | 2,461,003 |
Tencent Holdings Ltd.1 | 26,333,612 | 1,753,644 |
SoftBank Group Corp.1 | 22,618,155 | 1,396,609 |
Nintendo Co., Ltd.1 | 2,052,693 | 1,166,916 |
Z Holdings Corp.1 | 170,771,083 | 1,140,947 |
Cellnex Telecom, SA, non-registered shares1 | 9,220,820 | 560,403 |
Altice Europe NV, Class A1,2,3 | 67,356,692 | 322,591 |
Altice Europe NV, Class B1,2,3 | 14,636,170 | 70,316 |
Yandex NV, Class A2 | 5,297,777 | 345,680 |
Ubisoft Entertainment SA1,2 | 3,715,314 | 335,750 |
Bharti Airtel Ltd.1 | 50,194,098 | 287,491 |
Square Enix Holdings Co., Ltd.1 | 3,806,600 | 253,086 |
América Móvil, SAB de CV, Series L (ADR) | 18,658,436 | 233,044 |
América Móvil, SAB de CV, Series L | 18,821,401 | 11,815 |
China Tower Corp. Ltd., Class H1 | 998,114,000 | 173,397 |
Scout24 AG1 | 1,228,907 | 107,263 |
Koninklijke KPN NV1 | 45,461,821 | 106,898 |
Nexon Co., Ltd.1 | 3,830,000 | 95,117 |
10,821,970 | ||
Materials 5.44% | ||
Sika AG1 | 6,478,480 | 1,591,569 |
Vale SA, ordinary nominative (ADR) | 84,717,257 | 896,308 |
Vale SA, ordinary nominative | 53,078,361 | 558,675 |
Koninklijke DSM NV1 | 7,783,209 | 1,282,641 |
Shin-Etsu Chemical Co., Ltd.1 | 7,967,900 | 1,039,986 |
Linde PLC | 2,816,021 | 670,579 |
EuroPacific Growth Fund — Page 5 of 9
unaudited
Common stocks (continued) Materials (continued) | Shares | Value (000) |
Linde PLC (EUR denominated)1 | 1,188,006 | $281,180 |
Rio Tinto PLC1 | 9,950,589 | 600,400 |
First Quantum Minerals Ltd.3 | 50,667,432 | 451,671 |
Barrick Gold Corp. (CAD denominated) | 10,154,898 | 285,226 |
Givaudan SA1 | 52,323 | 225,514 |
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A1 | 25,945,749 | 206,122 |
HeidelbergCement AG1 | 2,645,074 | 162,253 |
CCL Industries Inc., Class B, nonvoting shares | 3,837,538 | 147,962 |
Teck Resources Ltd., Class B | 9,052,373 | 126,042 |
Akzo Nobel NV1 | 1,013,345 | 102,626 |
UPL Ltd.1 | 13,500,000 | 92,528 |
BASF SE1 | 1,270,932 | 77,392 |
Asian Paints Ltd.1 | 1,500,530 | 40,431 |
Chr. Hansen Holding A/S1 | 272,813 | 30,320 |
MMG Ltd.1,2 | 115,184,000 | 29,015 |
Antofagasta PLC1 | 2,159,363 | 28,471 |
Gerdau SA (ADR) | 1,667,192 | 6,169 |
8,933,080 | ||
Energy 5.12% | ||
Reliance Industries Ltd.1 | 194,339,305 | 5,919,038 |
Reliance Industries Ltd., interim shares1 | 10,027,005 | 183,633 |
Canadian Natural Resources, Ltd. (CAD denominated)4 | 57,342,499 | 918,996 |
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR) | 62,080,717 | 442,015 |
Cenovus Energy Inc.3 | 69,656,045 | 271,499 |
Neste Oyj1 | 4,725,198 | 248,469 |
Royal Dutch Shell PLC, Class B1 | 8,887,530 | 107,512 |
BP PLC1 | 29,130,965 | 84,579 |
TC Energy Corp. (CAD denominated)4 | 1,831,914 | 76,906 |
Rosneft Oil Company PJSC (GDR)1 | 15,332,031 | 75,227 |
Tourmaline Oil Corp. | 4,040,799 | 49,374 |
Total SE1,4 | 937,174 | 32,176 |
8,409,424 | ||
Consumer staples 5.03% | ||
Kweichow Moutai Co., Ltd., Class A1 | 7,611,804 | 1,871,230 |
Nestlé SA1 | 13,227,069 | 1,569,248 |
British American Tobacco PLC1 | 19,859,028 | 713,793 |
Reckitt Benckiser Group PLC1 | 4,537,259 | 442,352 |
Pernod Ricard SA1 | 2,770,540 | 442,151 |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A1 | 53,578,236 | 304,099 |
Danone SA1 | 4,679,791 | 302,694 |
Anheuser-Busch InBev SA/NV1 | 5,338,796 | 288,175 |
Shiseido Company, Ltd.1 | 4,700,459 | 269,715 |
Philip Morris International Inc. | 3,181,889 | 238,610 |
Uni-Charm Corp.1 | 3,947,100 | 176,333 |
Treasury Wine Estates Ltd.1 | 27,233,254 | 174,738 |
Avenue Supermarts Ltd.1,2 | 5,829,337 | 174,101 |
Foshan Haitian Flavouring and Food Co. Ltd., Class A1 | 6,359,990 | 152,058 |
Alimentation Couche-Tard Inc., Class B | 3,879,863 | 135,113 |
Kirin Holdings Company, Ltd.1 | 6,947,467 | 130,487 |
Associated British Foods PLC1 | 4,468,973 | 107,652 |
Unilever PLC1 | 1,686,559 | 103,922 |
Carlsberg A/S, Class B1 | 770,757 | 103,783 |
Chocoladefabriken Lindt & Sprüngli AG1 | 1,142 | 101,632 |
EuroPacific Growth Fund — Page 6 of 9
unaudited
Common stocks (continued) Consumer staples (continued) | Shares | Value (000) |
Heineken NV1 | 1,078,878 | $95,876 |
Fomento Económico Mexicano, SAB de CV | 13,765,300 | 77,569 |
JBS SA, ordinary nominative | 17,332,696 | 63,795 |
Godrej Consumer Products Ltd.1 | 6,458,353 | 63,638 |
Dabur India Ltd.1 | 7,882,000 | 54,685 |
Glanbia PLC1 | 4,730,965 | 48,799 |
L’Oréal SA, non-registered shares1 | 149,564 | 48,668 |
8,254,916 | ||
Utilities 2.62% | ||
Ørsted AS1 | 9,373,416 | 1,292,921 |
Enel SpA1 | 106,502,764 | 924,780 |
ENN Energy Holdings Ltd.1,3 | 75,916,100 | 828,216 |
China Gas Holdings Ltd.1 | 219,967,800 | 627,288 |
China Resources Gas Group Ltd.1 | 81,510,000 | 364,928 |
Iberdrola, SA, non-registered shares1 | 10,797,673 | 132,896 |
Engie SA1,2 | 5,245,499 | 70,109 |
Guangdong Investment Ltd.1 | 39,508,500 | 62,730 |
4,303,868 | ||
Real estate 1.13% | ||
Longfor Group Holdings Ltd.1 | 53,646,000 | 301,546 |
KE Holdings Inc., Class A (ADR)2 | 4,774,616 | 292,684 |
Shimao Group Holdings Ltd.1 | 64,840,500 | 269,454 |
Ayala Land, Inc.1 | 359,030,587 | 219,973 |
China Overseas Land & Investment Ltd.1 | 86,965,756 | 219,327 |
Vonovia SE1 | 2,969,139 | 204,035 |
Goodman Logistics (HK) Ltd. REIT1 | 14,805,708 | 190,550 |
ESR Cayman Ltd.1,2 | 28,917,000 | 90,221 |
CK Asset Holdings Ltd.1 | 14,612,000 | 71,293 |
1,859,083 | ||
Total common stocks (cost: $97,012,596,000) | 153,718,738 | |
Preferred securities 1.74% Energy 0.73% | ||
Petróleo Brasileiro SA (Petrobras), preferred nominative | 173,525,918 | 605,930 |
Petróleo Brasileiro SA (Petrobras), preferred nominative (ADR) | 84,809,178 | 597,057 |
1,202,987 | ||
Health care 0.60% | ||
Sartorius AG, nonvoting preferred, non-registered shares1 | 1,836,600 | 754,464 |
Grifols, SA, Class B, nonvoting preferred, non-registered shares1 | 13,322,174 | 228,435 |
982,899 | ||
Consumer discretionary 0.27% | ||
Volkswagen AG, nonvoting preferred shares1,2 | 2,722,642 | 438,178 |
Information technology 0.07% | ||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 2,590,928 | 111,781 |
EuroPacific Growth Fund — Page 7 of 9
unaudited
Preferred securities (continued) Materials 0.06% | Shares | Value (000) |
Gerdau SA, preferred nominative | 26,891,299 | $99,599 |
Industrials 0.01% | ||
Azul SA, preferred nominative2 | 3,313,800 | 14,386 |
Real estate 0.00% | ||
Ayala Land, Inc., preferred shares1,2,5 | 481,283,600 | —6 |
Total preferred securities (cost: $2,269,617,000) | 2,849,830 | |
Rights & warrants 0.13% Health care 0.13% | ||
WuXi AppTec Co., Ltd., Class A, warrants, expire 20211,7 | 8,561,420 | 128,196 |
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20211,7 | 8,986,466 | 65,853 |
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20211,2,7 | 3,589,186 | 26,301 |
220,350 | ||
Total rights & warrants (cost: $165,420,000) | 220,350 | |
Bonds, notes & other debt instruments 0.06% U.S. Treasury bonds & notes 0.06% U.S. Treasury 0.06% | Principal amount (000) | |
U.S. Treasury 2.50% 2020 | $100,000 | 100,598 |
Total U.S. Treasury bonds & notes | 100,598 | |
Total bonds, notes & other debt instruments (cost: $100,203,000) | 100,598 | |
Short-term securities 4.59% Money market investments 4.59% | Shares | |
Capital Group Central Cash Fund 0.12%3,8 | 73,553,906 | 7,356,126 |
BlackRock Liquidity Funds – FedFund, Institutional Shares 0%8,9 | 75,000,000 | 75,000 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%8,9 | 43,540,000 | 43,540 |
Goldman Sachs Financial Square Government Fund, Institutional Shares 0%8,9 | 27,000,000 | 27,000 |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.02%8,9 | 23,737,196 | 23,737 |
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 0.02%8,9 | 10,500,000 | 10,500 |
Fidelity Investments Money Market Government Portfolio, Class I 0.01%8,9 | 2,000,000 | 2,000 |
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 0.03%8,9 | 1,200,000 | 1,200 |
7,539,103 | ||
Total short-term securities (cost: $7,538,099,000) | 7,539,103 | |
Total investment securities 100.15% (cost: $107,085,935,000) | 164,428,619 | |
Other assets less liabilities (0.15)% | (244,821) | |
Net assets 100.00% | $164,183,798 |
EuroPacific Growth Fund — Page 8 of 9
unaudited
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $131,053,749,000, which represented 79.82% of the net assets of the fund. This amount includes $130,833,359,000 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 | 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. |
4 | All or a portion of this security was on loan. The total value of all such securities was $224,978,000, which represented .14% of the net assets of the fund. |
5 | Value determined using significant unobservable inputs. |
6 | Amount less than one thousand. |
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 $220,350,000, which represented .13% of the net assets of the fund. |
8 | Rate represents the seven-day yield at 9/30/2020. |
9 | Security purchased with cash collateral from securities on loan. |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
EUR = Euros |
GBP = British pounds |
GDR = Global Depositary Receipts |
Additional financial disclosures are included in the fund’s current shareholder report and should be read in conjunction with this report.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc., member FINRA.
© 2020 Capital Group. All rights reserved.
MFGEFP2-016-1120O-S78115 | EuroPacific Growth Fund — Page 9 of 9 |
ITEM 7 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 8 – Portfolio Managers of Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 9 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 10 – Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ‘‘interested persons’’ of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board’s composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. While the committee normally is able to identify from its own resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant’s Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.
ITEM 11 – Controls and Procedures
(a) | The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule. |
(b) | There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
|
ITEM 12 – Exhibits
(a)(1) | Not applicable for filing of semi-annual reports to shareholders. |
(a)(2) | The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
EUROPACIFIC GROWTH FUND | |
By __/s/ Walter R. Burkley____________________ | |
Walter R. Burkley, Executive Vice President and Principal Executive Officer | |
Date: November 30, 2020 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By __/s/ Walter R. Burkley_________________ |
Walter R. Burkley, Executive Vice President and Principal Executive Officer |
Date: November 30, 2020 |
By ___/s/ Brian C. Janssen __________ |
Brian C. Janssen, Treasurer and Principal Financial Officer |
Date: November 30, 2020 |