EuroPacific Growth Fund®
Investment portfolio
December 31, 2020
unaudited
Common stocks 95.21% Consumer discretionary 16.88% | Shares | Value (000) |
MercadoLibre, Inc.1,2 | 2,637,766 | $4,418,838 |
LVMH Moët Hennessy-Louis Vuitton SE3 | 5,449,429 | 3,404,970 |
Alibaba Group Holding Ltd.2,3 | 115,143,233 | 3,364,212 |
Flutter Entertainment PLC (GBP denominated)1,3 | 6,503,653 | 1,346,514 |
Flutter Entertainment PLC (EUR denominated)1,3 | 5,441,169 | 1,114,533 |
adidas AG2,3 | 4,736,885 | 1,724,370 |
Delivery Hero SE2,3 | 9,758,150 | 1,514,566 |
Sony Corp.3 | 14,389,060 | 1,446,729 |
Kering SA3 | 1,568,320 | 1,140,165 |
Just Eat Takeaway (GBP denominated)1,2,3 | 5,488,568 | 620,219 |
Just Eat Takeaway (EUR denominated)1,2,3 | 3,146,014 | 354,635 |
Galaxy Entertainment Group Ltd.3 | 125,119,000 | 973,187 |
EssilorLuxottica3 | 6,022,187 | 939,197 |
Prosus NV3 | 7,564,354 | 813,723 |
Meituan, Class B2,3 | 18,574,104 | 710,391 |
Hermès International3 | 598,459 | 643,556 |
Evolution Gaming Group AB3 | 6,184,597 | 627,033 |
Entain PLC1,2,3 | 34,025,641 | 528,166 |
Melco Resorts & Entertainment Ltd. (ADR)1 | 28,064,199 | 520,591 |
Industria de Diseño Textil, SA3 | 13,712,567 | 436,635 |
ASOS PLC1,2,3 | 5,970,720 | 391,220 |
Barratt Developments PLC2,3 | 35,647,129 | 327,031 |
Maruti Suzuki India Ltd.3 | 3,075,600 | 322,719 |
Naspers Ltd., Class N3 | 1,574,925 | 322,343 |
THG Holdings PLC2,3 | 28,537,502 | 304,720 |
Persimmon PLC3 | 7,979,224 | 302,240 |
JD.com, Inc., Class A2,3 | 6,305,000 | 277,672 |
Li Ning Co. Ltd.3 | 38,868,500 | 267,765 |
Taylor Wimpey PLC2,3 | 113,821,576 | 258,774 |
Nitori Holdings Co., Ltd.3 | 1,141,500 | 239,312 |
Peugeot SA2,3 | 8,618,567 | 235,866 |
Moncler SpA2,3 | 3,620,000 | 221,422 |
Midea Group Co., Ltd., Class A3 | 14,633,999 | 220,653 |
Fast Retailing Co., Ltd.3 | 218,300 | 195,890 |
Allegro.eu2,3 | 7,907,300 | 179,679 |
Ferrari NV3 | 753,813 | 174,314 |
Cie. Financière Richemont SA, Class A3 | 1,850,626 | 167,227 |
JD Health International Inc.2,3 | 7,993,000 | 154,654 |
Yum China Holdings, Inc. | 2,581,753 | 147,392 |
B2W - Cia. Digital, ordinary nominative2 | 9,416,000 | 137,065 |
Gree Electric Appliances, Inc. of Zhuhai, Class A3 | 14,352,751 | 136,254 |
Bayerische Motoren Werke AG3 | 1,440,957 | 127,188 |
China Tourism Group Duty Free Corp. Ltd., Class A3 | 2,859,434 | 123,743 |
Wynn Macau, Ltd.2,3 | 70,419,200 | 118,400 |
B&M European Value Retail SA3 | 11,379,348 | 80,359 |
Pan Pacific International Holdings Corp.3 | 3,378,000 | 78,028 |
Melco International Development Ltd.3 | 39,311,000 | 76,554 |
EuroPacific Growth Fund — Page 1 of 13
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) |
Astra International Tbk PT3 | 171,037,600 | $73,461 |
Bandai Namco Holdings Inc.3 | 691,253 | 59,828 |
Lojas Americanas SA, ordinary nominative | 15,154,966 | 59,666 |
H & M Hennes & Mauritz AB, Class B2,3 | 1,922,000 | 40,147 |
IDP Education Ltd.3 | 1,808,428 | 27,702 |
Trip.com Group Ltd. (ADR)2 | 295,802 | 9,977 |
32,501,495 | ||
Information technology 16.00% | ||
ASML Holding NV3 | 9,877,822 | 4,773,575 |
Taiwan Semiconductor Manufacturing Company, Ltd.3 | 180,718,649 | 3,394,164 |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 8,028,782 | 875,458 |
Keyence Corp.3 | 5,498,200 | 3,094,290 |
Shopify Inc., Class A, subordinate voting shares2 | 2,647,419 | 2,996,746 |
PagSeguro Digital Ltd., Class A1,2 | 28,044,307 | 1,595,160 |
Samsung Electronics Co., Ltd.3 | 18,499,653 | 1,382,617 |
StoneCo Ltd., Class A2 | 13,265,156 | 1,113,212 |
Nice Ltd. (ADR)2 | 3,509,712 | 995,144 |
Nice Ltd.2,3 | 252,269 | 71,256 |
STMicroelectronics NV3 | 25,777,346 | 955,056 |
SAP SE3 | 7,172,629 | 942,545 |
Worldline SA, non-registered shares2,3 | 7,317,874 | 707,802 |
Worldline SA, non-registered shares2,3,4 | 2,026,733 | 196,030 |
Edenred SA1,3 | 14,728,245 | 835,670 |
Adyen NV2,3 | 325,003 | 756,252 |
Tokyo Electron Ltd.3 | 1,814,100 | 676,634 |
Hexagon AB, Class B3 | 6,999,738 | 637,421 |
Halma PLC3 | 17,972,210 | 602,189 |
Amadeus IT Group SA, Class A, non-registered shares3 | 7,235,272 | 523,817 |
Nomura Research Institute, Ltd.3 | 14,098,800 | 503,765 |
Atlassian Corp. PLC, Class A2 | 1,351,871 | 316,162 |
GDS Holdings Ltd., Class A2,3,4 | 27,090,478 | 315,723 |
Sinch AB2,3 | 1,769,977 | 288,175 |
TeamViewer AG2,3 | 5,257,256 | 281,554 |
OBIC Co., Ltd.3 | 1,351,063 | 271,719 |
NetEase, Inc.3 | 10,648,600 | 203,756 |
Xero Ltd.2,3 | 1,769,486 | 201,451 |
SimCorp AS3 | 1,321,972 | 196,356 |
Infosys Ltd. (ADR) | 9,167,141 | 155,383 |
Capgemini SE3,4 | 993,327 | 154,036 |
Delta Electronics, Inc.3 | 14,629,529 | 136,466 |
Dassault Systemes SE3 | 638,269 | 129,660 |
Justsystems Corp.3 | 1,218,148 | 84,306 |
Nexi SpA2,3 | 3,999,631 | 79,453 |
Avast PLC3 | 10,501,898 | 77,251 |
Hangzhou Hikvision Digital Technology Co., Ltd., Class A3 | 8,886,794 | 66,057 |
Silergy Corp.3 | 696,000 | 59,668 |
Reply SpA3 | 483,329 | 56,417 |
TDK Corp.3 | 236,800 | 35,716 |
EPAM Systems, Inc.2 | 86,000 | 30,818 |
Otsuka Corp.3 | 536,400 | 28,265 |
Nemetschek SE3 | 217,479 | 16,051 |
30,813,246 |
EuroPacific Growth Fund — Page 2 of 13
unaudited
Common stocks (continued) Financials 14.42% | Shares | Value (000) |
AIA Group Ltd.3 | 357,999,801 | $4,409,722 |
HDFC Bank Ltd.2,3 | 160,334,663 | 3,158,265 |
HDFC Bank Ltd. (ADR)2 | 9,785,540 | 707,103 |
Kotak Mahindra Bank Ltd.2,3 | 98,539,478 | 2,696,704 |
London Stock Exchange Group PLC3 | 10,085,989 | 1,243,248 |
B3 SA - Brasil, Bolsa, Balcao | 93,164,100 | 1,111,684 |
Ping An Insurance (Group) Company of China, Ltd., Class H3,4 | 80,490,499 | 988,668 |
Ping An Insurance (Group) Company of China, Ltd., Class A3 | 6,663,171 | 88,657 |
UniCredit SpA2,3 | 111,319,973 | 1,030,137 |
Deutsche Bank AG2,3 | 88,916,397 | 968,034 |
Sberbank of Russia PJSC (ADR)3 | 59,442,627 | 856,918 |
Barclays PLC2,3 | 399,280,115 | 801,358 |
ICICI Bank Ltd.2,3 | 78,749,478 | 578,066 |
ICICI Bank Ltd. (ADR)2 | 9,783,600 | 145,384 |
Société Générale2,3 | 29,756,425 | 619,893 |
Hong Kong Exchanges and Clearing Ltd.3 | 10,833,900 | 595,869 |
Toronto-Dominion Bank (CAD denominated) | 9,382,452 | 530,117 |
FinecoBank SpA2,3 | 30,165,831 | 492,295 |
Axis Bank Ltd.2,3 | 56,891,711 | 484,306 |
Commerzbank AG, non-registered shares1,2,3 | 71,909,260 | 462,729 |
XP Inc., Class A2 | 11,304,567 | 448,452 |
Brookfield Asset Management Inc., Class A | 10,572,272 | 436,318 |
HDFC Life Insurance Company Ltd.2,3 | 44,311,342 | 411,038 |
BNP Paribas SA2,3 | 6,557,259 | 345,858 |
PICC Property and Casualty Co. Ltd., Class H3 | 420,787,869 | 318,823 |
Bank Rakyat Indonesia (Persero) Tbk PT3 | 1,032,412,900 | 306,456 |
Banco Bilbao Vizcaya Argentaria, SA3 | 57,102,096 | 279,920 |
Macquarie Group Ltd.3 | 2,419,850 | 258,567 |
3i Group PLC3 | 15,557,856 | 248,559 |
Deutsche Boerse AG3 | 1,425,202 | 241,957 |
Housing Development Finance Corp. Ltd.3 | 6,597,000 | 232,612 |
ING Groep NV2,3 | 20,904,847 | 198,039 |
Aegon NV3 | 48,221,390 | 192,575 |
Bajaj Finserv Ltd.3 | 1,423,425 | 173,803 |
Capitec Bank Holdings Ltd.2,3 | 1,651,890 | 160,973 |
QBE Insurance Group Ltd.3 | 20,847,757 | 137,247 |
Lufax Holding Ltd. (ADR)2,4 | 9,413,316 | 133,669 |
The People’s Insurance Co. (Group) of China Ltd., Class H3 | 419,160,744 | 133,162 |
Bank Mandiri (Persero) Tbk PT3 | 292,920,900 | 132,186 |
Bajaj Finance Ltd.3 | 1,650,000 | 119,834 |
AXA SA3 | 4,200,000 | 100,762 |
Euronext NV3 | 812,748 | 89,551 |
Discovery Ltd.3 | 8,305,419 | 85,955 |
BB Seguridade Participações SA | 14,510,000 | 82,771 |
DBS Group Holdings Ltd.3 | 3,966,600 | 75,028 |
China Merchants Bank Co., Ltd., Class H3 | 11,730,500 | 74,498 |
Turkiye Garanti Bankasi AS2,3 | 52,537,929 | 73,603 |
IndusInd Bank Ltd.2,3 | 4,977,000 | 61,150 |
Banco Santander, SA2,3 | 15,029,533 | 46,665 |
DNB ASA2,3 | 2,184,851 | 43,017 |
Hiscox Ltd.2,3 | 2,872,884 | 39,610 |
TMX Group Ltd. | 389,449 | 38,899 |
UBS Group AG3,4 | 1,834,473 | 25,658 |
EuroPacific Growth Fund — Page 3 of 13
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) |
Skandinaviska Enskilda Banken AB, Class A2,3 | 2,223,704 | $22,827 |
Partners Group Holding AG3 | 19,434 | 22,701 |
27,761,900 | ||
Health care 12.72% | ||
Daiichi Sankyo Company, Ltd.1,3 | 116,038,300 | 3,977,841 |
WuXi Biologics (Cayman) Inc.1,2,3 | 214,389,423 | 2,855,680 |
Chugai Pharmaceutical Co., Ltd.3 | 42,845,100 | 2,287,452 |
M3, Inc.3 | 15,001,951 | 1,418,993 |
Olympus Corp.3 | 57,296,800 | 1,254,234 |
AstraZeneca PLC3 | 12,349,144 | 1,233,790 |
HOYA Corp.3 | 6,465,451 | 893,713 |
CSL Ltd.3 | 3,893,001 | 850,650 |
Aier Eye Hospital Group Co., Ltd., Class A3 | 60,000,034 | 687,197 |
Novartis AG3 | 6,446,590 | 608,886 |
WuXi AppTec Co., Ltd., Class A3 | 28,051,084 | 579,109 |
WuXi AppTec Co., Ltd., Class H3 | 790,000 | 15,521 |
Novo Nordisk A/S, Class B3 | 7,766,286 | 543,217 |
Teva Pharmaceutical Industries Ltd. (ADR)1,2 | 56,134,536 | 541,698 |
Notre Dame Intermédica Participações SA1 | 32,612,419 | 491,867 |
Lonza Group AG3 | 758,244 | 486,994 |
Fresenius SE & Co. KGaA3 | 9,417,663 | 435,172 |
Zai Lab Ltd.2,3 | 1,560,788 | 209,667 |
Zai Lab Ltd. (ADR)2 | 1,436,553 | 194,423 |
Grifols, SA, Class A, non-registered shares3 | 11,416,470 | 333,285 |
Grifols, SA, Class B (ADR) | 3,507,519 | 64,679 |
Hikma Pharmaceuticals PLC3 | 10,195,746 | 351,207 |
Asahi Intecc Co., Ltd.3 | 9,366,400 | 341,928 |
Sonova Holding AG2,3 | 1,240,389 | 319,329 |
BeiGene, Ltd. (ADR)2 | 1,129,574 | 291,871 |
Koninklijke Philips NV (EUR denominated)2,3 | 5,103,305 | 273,110 |
bioMérieux SA3 | 1,906,042 | 268,792 |
Coloplast A/S, Class B3 | 1,737,575 | 265,435 |
Shionogi & Co., Ltd.3 | 4,030,302 | 220,303 |
Alcon Inc.2,3 | 3,150,870 | 210,351 |
Rede D’Or Sao Luiz SA2 | 15,237,900 | 200,367 |
Argenx SE (ADR)2 | 654,897 | 192,599 |
Hypera SA, ordinary nominative | 28,584,628 | 188,484 |
Genmab A/S2,3 | 460,696 | 186,343 |
Alibaba Health Information Technology Ltd.2,3 | 50,380,000 | 149,495 |
GN Store Nord AS3 | 1,855,320 | 147,455 |
Fresenius Medical Care AG & Co. KGaA3 | 1,750,965 | 146,046 |
Merck KGaA3 | 837,480 | 143,555 |
Terumo Corp.3 | 2,694,100 | 112,680 |
CRISPR Therapeutics AG2 | 719,100 | 110,101 |
Yunnan Baiyao Group Co., Ltd., Class A3 | 6,305,855 | 109,807 |
Takeda Pharmaceutical Company, Ltd.3 | 2,624,500 | 95,142 |
GW Pharmaceuticals PLC (ADR)2,4 | 678,443 | 78,299 |
Galapagos NV2,3 | 657,420 | 64,689 |
AbCellera Biologics Inc.2,4 | 742,500 | 29,878 |
Amplifon SpA2,3 | 679,214 | 28,146 |
Straumann Holding AG3 | 12,695 | 14,785 |
NMC Health PLC2,3,5 | 3,099,779 | 42 |
24,504,307 |
EuroPacific Growth Fund — Page 4 of 13
unaudited
Common stocks (continued) Industrials 8.62% | Shares | Value (000) |
Airbus SE, non-registered shares2,3 | 26,095,893 | $2,866,618 |
Safran SA2,3 | 10,941,168 | 1,551,681 |
Recruit Holdings Co., Ltd.3 | 30,501,324 | 1,279,333 |
Melrose Industries PLC1,2,3 | 387,796,732 | 945,768 |
DSV Panalpina A/S3 | 5,170,478 | 865,307 |
Ryanair Holdings PLC (ADR)2 | 6,817,342 | 749,771 |
Ryanair Holdings PLC2,3 | 2,061,291 | 41,060 |
MTU Aero Engines AG3 | 2,481,623 | 646,588 |
Knorr-Bremse AG, non-registered shares3 | 4,393,743 | 598,541 |
Rentokil Initial PLC3 | 82,920,363 | 578,259 |
Nidec Corp.3 | 4,259,000 | 536,612 |
SMC Corp.3 | 757,082 | 462,367 |
Shanghai International Airport Co., Ltd., Class A3 | 34,822,429 | 403,052 |
ASSA ABLOY AB, Class B3 | 16,191,737 | 398,259 |
Airports of Thailand PCL, foreign registered3 | 180,787,600 | 372,716 |
Nihon M&A Center Inc.3 | 5,250,791 | 351,384 |
Experian PLC3 | 8,660,149 | 329,995 |
Rolls-Royce Holdings PLC2,3 | 204,160,488 | 310,833 |
NIBE Industrier AB, Class B3 | 9,279,778 | 304,722 |
AB Volvo, Class B2,3 | 12,706,317 | 299,009 |
Country Garden Services Holdings Co., Ltd.3 | 43,930,478 | 297,968 |
Spirax-Sarco Engineering PLC3 | 1,763,830 | 272,611 |
International Consolidated Airlines Group SA (CDI)2,3 | 101,073,337 | 221,200 |
CCR SA, ordinary nominative | 71,095,655 | 184,371 |
ABB Ltd.3 | 5,506,255 | 154,017 |
Wizz Air Holdings PLC2,3 | 2,272,040 | 141,901 |
Epiroc AB, Class B3 | 8,328,742 | 141,095 |
Kingspan Group PLC2,3 | 1,881,638 | 132,092 |
DCC PLC3 | 1,828,919 | 130,000 |
Rheinmetall AG3 | 1,228,096 | 129,788 |
Techtronic Industries Co. Ltd.3 | 8,274,500 | 118,476 |
Jardine Matheson Holdings Ltd.3 | 1,978,600 | 110,817 |
Adecco Group AG3 | 1,599,143 | 107,226 |
A-Living Smart City Services Co., Ltd., Class H3 | 21,560,000 | 96,060 |
Komatsu Ltd.3 | 2,432,100 | 66,646 |
Canadian National Railway Company (CAD denominated) | 564,249 | 62,032 |
IMCD NV3 | 417,000 | 52,984 |
Brenntag AG3 | 646,000 | 49,993 |
Rumo SA2 | 12,622,900 | 46,757 |
Lifco AB, Class B3 | 463,700 | 44,459 |
TFI International Inc. | 816,063 | 42,092 |
RELX PLC3 | 1,602,511 | 39,417 |
Daikin Industries, Ltd.3 | 146,800 | 32,695 |
VAT Group AG3 | 113,359 | 28,254 |
16,594,826 | ||
Materials 6.57% | ||
Vale SA, ordinary nominative (ADR) | 140,273,243 | 2,350,980 |
Vale SA, ordinary nominative | 98,076,301 | 1,651,221 |
Sika AG3 | 6,608,480 | 1,804,129 |
Shin-Etsu Chemical Co., Ltd.3 | 6,965,600 | 1,219,423 |
Koninklijke DSM NV3 | 7,039,759 | 1,212,711 |
Linde PLC | 2,746,260 | 723,667 |
Linde PLC (EUR denominated)3 | 1,188,006 | 308,530 |
First Quantum Minerals Ltd.1 | 52,867,132 | 949,025 |
EuroPacific Growth Fund — Page 5 of 13
unaudited
Common stocks (continued) Materials (continued) | Shares | Value (000) |
Rio Tinto PLC3 | 10,634,589 | $795,721 |
HeidelbergCement AG3 | 3,604,000 | 269,589 |
Givaudan SA3 | 49,983 | 210,542 |
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A3 | 33,556,423 | 199,162 |
CCL Industries Inc., Class B, nonvoting shares | 3,837,538 | 174,225 |
CRH PLC3 | 4,045,000 | 170,992 |
BASF SE3 | 1,816,732 | 143,458 |
Barrick Gold Corp. (CAD denominated) | 5,191,258 | 118,270 |
Akzo Nobel NV3 | 1,013,345 | 108,853 |
BHP Group PLC3 | 2,389,900 | 62,983 |
Asian Paints Ltd.3 | 1,500,530 | 56,894 |
MMG Ltd.2,3 | 115,184,000 | 50,191 |
Antofagasta PLC3 | 2,159,363 | 42,564 |
Chr. Hansen Holding A/S2,3 | 272,813 | 28,069 |
Gerdau SA (ADR) | 1,667,192 | 7,786 |
12,658,985 | ||
Communication services 6.56% | ||
Sea Ltd., Class A (ADR)2 | 15,491,992 | 3,083,681 |
Tencent Holdings Ltd.3 | 24,354,312 | 1,779,502 |
SoftBank Group Corp.3 | 19,031,252 | 1,490,444 |
Nintendo Co., Ltd.3 | 1,929,893 | 1,231,637 |
Z Holdings Corp.3 | 174,624,583 | 1,059,123 |
Altice Europe NV, Class A1,2,3 | 69,471,392 | 452,298 |
Altice Europe NV, Class B1,2,3 | 13,535,646 | 87,343 |
Cellnex Telecom, SA, non-registered shares3 | 8,858,331 | 531,803 |
Square Enix Holdings Co., Ltd.1,3 | 7,363,500 | 446,834 |
Bharti Airtel Ltd.3 | 55,104,598 | 385,197 |
Yandex NV, Class A2 | 5,297,777 | 368,619 |
Ubisoft Entertainment SA2,3 | 3,715,314 | 357,997 |
América Móvil, SAB de CV, Series L (ADR) | 18,658,436 | 271,294 |
América Móvil, SAB de CV, Series L | 18,821,401 | 13,705 |
Bilibili Inc., Class Z (ADR)2,4 | 2,953,000 | 253,131 |
SoftBank Corp.3 | 14,879,900 | 186,544 |
Vivendi SA3 | 5,716,700 | 184,356 |
Koninklijke KPN NV3 | 57,059,000 | 172,991 |
Nexon Co., Ltd.3 | 3,830,000 | 117,956 |
Scout24 AG3 | 1,228,907 | 100,673 |
China Tower Corp. Ltd., Class H3 | 420,984,000 | 61,973 |
12,637,101 | ||
Energy 5.06% | ||
Reliance Industries Ltd.3 | 180,775,248 | 4,924,490 |
Reliance Industries Ltd., interim shares3 | 10,027,005 | 153,769 |
Canadian Natural Resources, Ltd. (CAD denominated)1 | 63,453,694 | 1,524,902 |
Neste Oyj3 | 12,336,293 | 891,167 |
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR) | 52,834,306 | 593,329 |
Royal Dutch Shell PLC, Class B3 | 32,601,830 | 561,674 |
Cenovus Energy Inc.1 | 74,358,045 | 452,726 |
Total SE3 | 7,483,663 | 322,831 |
TC Energy Corp. (CAD denominated)4 | 3,589,914 | 145,949 |
Rosneft Oil Company PJSC (GDR)3 | 16,244,843 | 91,603 |
EuroPacific Growth Fund — Page 6 of 13
unaudited
Common stocks (continued) Energy (continued) | Shares | Value (000) |
Tourmaline Oil Corp. | 4,040,799 | $54,474 |
Gazprom PJSC (ADR)3 | 5,926,576 | 32,947 |
9,749,861 | ||
Consumer staples 4.56% | ||
Kweichow Moutai Co., Ltd., Class A3 | 7,161,704 | 2,188,539 |
Nestlé SA3 | 13,023,284 | 1,533,217 |
British American Tobacco PLC3 | 15,131,031 | 562,797 |
Pernod Ricard SA3 | 2,647,222 | 507,441 |
Reckitt Benckiser Group PLC3 | 4,537,259 | 405,793 |
Anheuser-Busch InBev SA/NV3 | 5,338,796 | 373,089 |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A3 | 50,810,236 | 345,229 |
Shiseido Company, Ltd.3 | 4,700,459 | 326,055 |
Danone SA3 | 4,679,791 | 307,584 |
Philip Morris International Inc. | 3,570,000 | 295,560 |
Avenue Supermarts Ltd.2,3 | 5,829,337 | 220,451 |
Treasury Wine Estates Ltd.3 | 27,233,254 | 197,549 |
Foshan Haitian Flavouring and Food Co. Ltd., Class A3 | 6,359,990 | 195,613 |
Associated British Foods PLC2,3 | 4,468,973 | 138,461 |
Carlsberg A/S, Class B3 | 770,757 | 123,566 |
Heineken NV3 | 1,078,878 | 120,316 |
Alimentation Couche-Tard Inc., Class B | 3,515,063 | 119,792 |
Kirin Holdings Company, Ltd.3 | 4,579,867 | 108,133 |
Godrej Consumer Products Ltd.3 | 10,323,995 | 104,766 |
Fomento Económico Mexicano, SAB de CV | 13,765,300 | 103,996 |
Uni-Charm Corp.3 | 2,188,825 | 103,854 |
Chocoladefabriken Lindt & Sprüngli AG3 | 1,030 | 102,929 |
Unilever PLC3 | 1,686,559 | 101,526 |
JBS SA, ordinary nominative | 17,332,696 | 78,952 |
Dabur India Ltd.3 | 7,882,000 | 57,667 |
L’Oréal SA, non-registered shares3 | 149,564 | 56,828 |
8,779,703 | ||
Utilities 2.97% | ||
Ørsted AS3 | 9,495,416 | 1,942,048 |
ENN Energy Holdings Ltd.1,3 | 75,916,100 | 1,114,293 |
Enel SpA3 | 106,502,764 | 1,075,504 |
China Gas Holdings Ltd.3 | 221,011,400 | 881,220 |
China Resources Gas Group Ltd.3 | 73,950,000 | 393,324 |
Engie SA2,3 | 10,420,776 | 159,555 |
Iberdrola, SA, non-registered shares3 | 10,449,735 | 149,447 |
5,715,391 | ||
Real estate 0.85% | ||
Longfor Group Holdings Ltd.3 | 53,646,000 | 315,064 |
Ayala Land, Inc.3 | 359,030,587 | 305,782 |
KE Holdings Inc., Class A (ADR)2 | 4,457,516 | 274,316 |
Goodman Logistics (HK) Ltd. REIT3 | 14,805,708 | 215,975 |
Shimao Group Holdings Ltd.3 | 64,840,500 | 207,300 |
China Overseas Land & Investment Ltd.3 | 63,089,047 | 137,241 |
ESR Cayman Ltd.2,3 | 28,917,000 | 103,929 |
EuroPacific Growth Fund — Page 7 of 13
unaudited
Common stocks (continued) Real estate (continued) | Shares | Value (000) |
CK Asset Holdings Ltd.3 | 14,612,000 | $75,158 |
Shimao Services Holdings Ltd.2,3 | 1,062,958 | 1,640 |
1,636,405 | ||
Total common stocks (cost: $98,347,388,000) | 183,353,220 | |
Preferred securities 1.94% Energy 0.98% | ||
Petróleo Brasileiro SA (Petrobras), preferred nominative | 173,525,918 | 946,772 |
Petróleo Brasileiro SA (Petrobras), preferred nominative (ADR) | 84,809,178 | 937,990 |
1,884,762 | ||
Health care 0.53% | ||
Sartorius AG, nonvoting preferred, non-registered shares3 | 1,836,600 | 769,794 |
Grifols, SA, Class B, nonvoting preferred, non-registered shares3 | 13,322,174 | 248,181 |
1,017,975 | ||
Consumer discretionary 0.26% | ||
Volkswagen AG, nonvoting preferred shares3 | 2,722,642 | 507,256 |
Information technology 0.09% | ||
Samsung Electronics Co., Ltd., nonvoting preferred shares3 | 2,590,928 | 175,877 |
Materials 0.07% | ||
Gerdau SA, preferred nominative | 26,891,299 | 126,582 |
Industrials 0.01% | ||
Azul SA, preferred nominative2 | 3,313,800 | 25,073 |
Real estate 0.00% | ||
Ayala Land, Inc., preferred shares2,3,5 | 481,283,600 | —6 |
Total preferred securities (cost: $2,269,617,000) | 3,737,525 | |
Rights & warrants 0.17% Health care 0.17% | ||
WuXi AppTec Co., Ltd., Class A, warrants, expire 20213,7 | 8,561,420 | 176,749 |
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20213,7 | 8,986,466 | 102,924 |
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20212,3,7 | 3,589,186 | 40,491 |
320,164 | ||
Consumer discretionary 0.00% | ||
Cie. Financière Richemont SA, Class A, warrants, expire 20232 | 3,633,078 | 944 |
Total rights & warrants (cost: $165,420,000) | 321,108 |
EuroPacific Growth Fund — Page 8 of 13
unaudited
Bonds, notes & other debt instruments 0.05% U.S. Treasury bonds & notes 0.05% U.S. Treasury 0.05% | Principal amount (000) | Value (000) |
U.S. Treasury 2.625% 2021 | $100,000 | $102,383 |
Total U.S. Treasury bonds & notes | 102,383 | |
Total bonds, notes & other debt instruments (cost: $102,397,000) | 102,383 | |
Short-term securities 3.07% Money market investments 3.07% | Shares | |
Capital Group Central Cash Fund 0.12%1,8 | 58,264,894 | 5,827,072 |
BlackRock Liquidity Funds – FedFund, Institutional Shares 0%8,9 | 27,400,000 | 27,400 |
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.02%8,9 | 26,500,000 | 26,500 |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%8,9 | 12,769,293 | 12,769 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%8,9 | 9,100,000 | 9,100 |
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 0.03%8,9 | 3,700,000 | 3,700 |
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 0.02%8,9 | 2,400,000 | 2,400 |
Fidelity Investments Money Market Government Portfolio, Class I 0.01%8,9 | 1,200,000 | 1,200 |
Total short-term securities (cost: $5,909,137,000) | 5,910,141 | |
Total investment securities 100.44% (cost: $106,793,959,000) | 193,424,377 | |
Other assets less liabilities (0.44)% | (854,300) | |
Net assets 100.00% | $192,570,077 |
Investments in affiliates1
Value of affiliate at 4/1/2020 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliate at 12/31/2020 (000) | Dividend income (000) | |
Common stocks 13.52% | |||||||
Consumer discretionary 4.83% | |||||||
MercadoLibre, Inc.2 | $2,007,570 | $88,714 | $1,932,142 | $1,203,148 | $3,051,548 | $4,418,838 | $— |
Flutter Entertainment PLC (GBP denominated)3 | 109,544 | 707,450 | 160,835 | 33,110 | 657,245 | 1,346,514 | — |
Flutter Entertainment PLC (EUR denominated)3 | 458,413 | 43,413 | 1,421 | 785 | 613,343 | 1,114,533 | — |
Just Eat Takeaway (GBP denominated)2,3 | 496,082 | 508,341 | 630,826 | 23,828 | 222,794 | 620,219 | — |
Just Eat Takeaway (EUR denominated)2,3 | 237,563 | — | 597 | 189 | 117,480 | 354,635 | — |
Entain PLC2,3,10 | 321,321 | 4,480 | 126,420 | (34,557) | 363,342 | 528,166 | (10,437) |
Melco Resorts & Entertainment Ltd. (ADR) | 404,561 | 25,169 | 102,569 | (56,946) | 250,376 | 520,591 | — |
ASOS PLC2,3 | 80,572 | 10,394 | 563 | 370 | 300,447 | 391,220 | — |
Ryohin Keikaku Co., Ltd.3,11 | 203,217 | — | 204,031 | (189,444) | 190,258 | — | — |
Stars Group Inc.2,11 | 471,348 | — | 554,503 | — | 83,155 | — | — |
9,294,716 | |||||||
Information technology 1.26% | |||||||
PagSeguro Digital Ltd., Class A2 | 507,948 | 135,121 | 67,143 | 667 | 1,018,567 | 1,595,160 | — |
Edenred SA3 | 568,951 | 58,892 | 2,618 | 64 | 210,381 | 835,670 | 10,297 |
Halma PLC3,11 | 534,058 | — | 137,997 | 39,883 | 166,245 | — | 4,473 |
2,430,830 |
EuroPacific Growth Fund — Page 9 of 13
unaudited
Investments in affiliates1 (continued)
Value of affiliate at 4/1/2020 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliate at 12/31/2020 (000) | Dividend income (000) | |
Financials 0.24% | |||||||
Commerzbank AG, non-registered shares2,3 | $217,823 | $60,596 | $566 | $5 | $184,871 | $462,729 | $— |
B3 SA - Brasil, Bolsa, Balcao11 | 633,558 | 104,231 | 138,109 | 31,330 | 480,674 | — | 17,533 |
462,729 | |||||||
Health care 4.09% | |||||||
Daiichi Sankyo Company, Ltd.3 | 2,709,731 | 56,054 | 126,552 | 29,954 | 1,308,654 | 3,977,841 | 15,078 |
WuXi Biologics (Cayman) Inc.2,3 | 161,104 | 992,831 | 14,204 | 2,096 | 1,713,853 | 2,855,680 | — |
Teva Pharmaceutical Industries Ltd. (ADR)2 | 504,937 | — | 1,074 | 284 | 37,551 | 541,698 | — |
Notre Dame Intermédica Participações SA | 325,423 | 14,982 | 73,023 | (31,919) | 256,404 | 491,867 | 8 |
Hikma Pharmaceuticals PLC3,11 | 365,512 | — | 116,169 | 13,167 | 88,697 | — | 1,632 |
Hypera SA, ordinary nominative11 | 191,798 | 70,259 | 87,565 | (60,638) | 74,630 | — | 4,406 |
NMC Health PLC2,3,5,11 | 8,290 | — | 600 | (313,192) | 305,544 | — | — |
7,867,086 | |||||||
Industrials 0.49% | |||||||
Melrose Industries PLC2,3 | 438,676 | — | 886 | 66 | 507,912 | 945,768 | — |
MTU Aero Engines AG3,11 | 432,886 | — | 60,554 | (47,265) | 321,521 | — | 118 |
945,768 | |||||||
Materials 0.49% | |||||||
First Quantum Minerals Ltd. | 271,293 | 112,936 | 78,403 | (26,553) | 669,752 | 949,025 | 400 |
Communication services 0.51% | |||||||
Altice Europe NV, Class A2,3 | 260,811 | 10,604 | 531 | 265 | 181,149 | 452,298 | — |
Altice Europe NV, Class B2,3 | 57,068 | — | 5,741 | (12,411) | 48,427 | 87,343 | — |
Square Enix Holdings Co., Ltd.3 | — | 392,046 | 409 | 107 | 55,090 | 446,834 | 361 |
986,475 | |||||||
Energy 1.03% | |||||||
Canadian Natural Resources, Ltd. (CAD denominated) | 789,684 | 164,363 | 28,012 | (22,750) | 621,617 | 1,524,902 | 57,577 |
Cenovus Energy Inc. | 93,143 | 91,502 | 553 | 254 | 268,380 | 452,726 | — |
1,977,628 | |||||||
Consumer staples 0.00% | |||||||
KOSÉ Corp.3,11 | 523,331 | — | 486,963 | (152,486) | 116,118 | — | — |
Utilities 0.58% | |||||||
ENN Energy Holdings Ltd.3 | 709,198 | 28,217 | 1,524 | 835 | 377,567 | 1,114,293 | 15,889 |
China Resources Gas Group Ltd.3,11 | 635,653 | 2,553 | 255,759 | 4,505 | 6,372 | — | 13,334 |
1,114,293 | |||||||
Total common stocks | 26,028,550 | ||||||
Short-term securities 3.02% | |||||||
Money market investments 3.02% | |||||||
Capital Group Central Cash Fund 0.12%8 | 11,404,067 | 13,891,387 | 19,465,421 | 812 | (3,773) | 5,827,072 | 15,021 |
Total 16.54% | $437,563 | $14,866,191 | $31,855,622 | $145,690 |
EuroPacific Growth Fund — Page 10 of 13
unaudited
1 | 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. |
2 | Security did not produce income during the last 12 months. |
3 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $151,289,594,000, which represented 78.56% of the net assets of the fund. This amount includes $151,289,552,000 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. |
4 | All or a portion of this security was on loan. The total value of all such securities was $107,647,000, which represented .06% 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 $320,164,000, which represented .17% of the net assets of the fund. |
8 | Rate represents the seven-day yield at 12/31/2020. |
9 | Security purchased with cash collateral from securities on loan. |
10 | This security changed its name during the reporting period. |
11 | Unaffiliated issuer at 12/31/2020. |
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities 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.
EuroPacific Growth Fund — Page 11 of 13
unaudited
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information.
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.
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 December 31, 2020 (dollars in thousands):
EuroPacific Growth Fund — Page 12 of 13
unaudited
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Consumer discretionary | $5,293,529 | $27,207,966 | $— | $32,501,495 |
Information technology | 8,078,083 | 22,735,163 | — | 30,813,246 |
Financials | 3,634,397 | 24,127,503 | — | 27,761,900 |
Health care | 2,384,266 | 22,119,999 | 42 | 24,504,307 |
Industrials | 1,085,023 | 15,509,803 | — | 16,594,826 |
Materials | 5,975,174 | 6,683,811 | — | 12,658,985 |
Communication services | 3,990,430 | 8,646,671 | — | 12,637,101 |
Energy | 2,771,380 | 6,978,481 | — | 9,749,861 |
Consumer staples | 598,300 | 8,181,403 | — | 8,779,703 |
Utilities | — | 5,715,391 | — | 5,715,391 |
Real estate | 274,316 | 1,362,089 | — | 1,636,405 |
Preferred securities | 2,036,417 | 1,701,108 | —* | 3,737,525 |
Rights & warrants | 944 | 320,164 | — | 321,108 |
Bonds, notes & other debt instruments | — | 102,383 | — | 102,383 |
Short-term securities | 5,910,141 | — | — | 5,910,141 |
Total | $42,032,400 | $151,391,935 | $42 | $193,424,377 |
* | Amount less than one thousand. |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
EUR = Euros |
GBP = British pounds |
GDR = Global Depositary Receipts |
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.
© 2021 Capital Group. All rights reserved.
MFGEFP3-016-0221O-S78047 | EuroPacific Growth Fund — Page 13 of 13 |