EuroPacific Growth Fund®
Investment portfolio
June 30, 2022
unaudited
Common stocks 86.87% Information technology 15.02% | Shares | Value (000) | |
Taiwan Semiconductor Manufacturing Company, Ltd. | 204,995,649 | $3,281,751 | |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 7,029,376 | 574,651 | |
ASML Holding NV | 7,487,908 | 3,577,034 | |
Shopify, Inc., Class A, subordinate voting shares1 | 28,915,158 | 903,310 | |
Nice, Ltd. (ADR)1,2,3 | 4,273,407 | 822,417 | |
Nice, Ltd.1,2 | 272,435 | 52,296 | |
SK hynix, Inc. | 12,222,993 | 856,664 | |
Keyence Corp. | 2,499,290 | 854,342 | |
Tokyo Electron, Ltd. | 2,257,600 | 737,114 | |
Hexagon AB, Class B | 68,026,988 | 706,554 | |
Edenred SA2 | 12,949,090 | 610,243 | |
Nomura Research Institute, Ltd. | 22,248,919 | 591,971 | |
SAP SE | 6,458,666 | 588,373 | |
Adyen NV1 | 365,302 | 531,352 | |
Halma PLC2 | 20,019,692 | 489,593 | |
Samsung Electronics Co., Ltd. | 10,971,127 | 481,634 | |
Fujitsu, Ltd. | 3,028,900 | 378,724 | |
STMicroelectronics NV | 11,038,070 | 347,020 | |
Dassault Systemes SE | 9,189,020 | 338,145 | |
Amadeus IT Group SA, Class A, non-registered shares1 | 5,676,040 | 316,207 | |
Nemetschek SE | 4,206,915 | 254,643 | |
Capgemini SE | 1,290,824 | 221,102 | |
Worldline SA, non-registered shares1,3 | 5,901,325 | 218,800 | |
OBIC Co., Ltd. | 1,461,155 | 206,660 | |
MediaTek, Inc. | 8,077,000 | 176,842 | |
Constellation Software, Inc. | 101,961 | 151,363 | |
Kingdee International Software Group Co., Ltd.1 | 59,042,000 | 138,448 | |
Infosys, Ltd. (ADR) | 7,117,082 | 131,737 | |
Reply SpA | 995,035 | 120,646 | |
Atlassian Corp. PLC, Class A1 | 612,025 | 114,693 | |
TELUS International (Cda), Inc., subordinate voting shares1,3 | 4,275,856 | 107,196 | |
Suse SA1,3 | 4,352,181 | 98,788 | |
Nuvei Corp., subordinate voting shares1 | 2,685,134 | 97,042 | |
EPAM Systems, Inc.1 | 319,789 | 94,267 | |
PagSeguro Digital, Ltd., Class A1 | 8,711,968 | 89,211 | |
Zscaler, Inc.1 | 593,251 | 88,697 | |
Infineon Technologies AG | 3,613,952 | 87,447 | |
NXP Semiconductors NV | 573,200 | 84,851 | |
Flat Glass Group Co., Ltd., Class H1,3 | 22,456,000 | 78,986 | |
ASM International NV | 306,546 | 76,649 | |
Lightspeed Commerce, Inc., subordinate voting shares (CAD denominated)1,3 | 2,796,463 | 62,351 | |
Lightspeed Commerce, Inc., subordinate voting shares1 | 57,719 | 1,287 | |
Silergy Corp. | 776,218 | 62,523 | |
SUMCO Corp.3 | 4,699,200 | 60,922 | |
Microsoft Corp. | 227,886 | 58,528 | |
Canva, Inc.1,4,5,6 | 37,779 | 57,674 |
EuroPacific Growth Fund — Page 1 of 13
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Endava PLC, Class A (ADR)1 | 582,885 | $51,451 | |
Sinch AB1,3 | 14,582,893 | 47,463 | |
TE Connectivity, Ltd. | 408,963 | 46,274 | |
TDK Corp. | 1,443,300 | 44,571 | |
JustSystems Corp. | 1,248,848 | 35,299 | |
Block, Inc., Class A (CDI)1 | 323,164 | 20,187 | |
Nexi SpA1 | 2,120,193 | 17,562 | |
ALTEN SA, non-registered shares | 150,396 | 16,360 | |
StoneCo, Ltd., Class A1 | 1,884,592 | 14,511 | |
Hundsun Technologies, Inc., Class A | 2,050,904 | 13,339 | |
Bechtle AG, non-registered shares | 209,957 | 8,583 | |
AVEVA Group PLC | 307,345 | 8,422 | |
BE Semiconductor Industries NV | 157,368 | 7,565 | |
20,312,335 | |||
Health care 12.01% | |||
Novo Nordisk A/S, Class B | 24,224,352 | 2,686,759 | |
Daiichi Sankyo Company, Ltd. | 95,071,610 | 2,408,322 | |
WuXi Biologics (Cayman), Inc.1 | 198,818,978 | 1,819,239 | |
AstraZeneca PLC | 9,965,412 | 1,310,137 | |
Olympus Corp. | 50,364,600 | 1,012,080 | |
Siemens Healthineers AG | 16,820,595 | 854,740 | |
Sonova Holding AG | 2,578,059 | 820,960 | |
CSL, Ltd. | 3,078,673 | 571,767 | |
Lonza Group AG | 1,018,718 | 543,160 | |
WuXi AppTec Co., Ltd., Class A | 31,171,300 | 484,219 | |
WuXi AppTec Co., Ltd., Class H | 1,140,840 | 15,193 | |
Bayer AG | 6,387,211 | 379,654 | |
Novartis AG | 4,078,116 | 345,379 | |
Grifols, SA, Class A, non-registered shares1 | 14,206,396 | 268,498 | |
Grifols, SA, Class B (ADR)1 | 3,478,957 | 41,330 | |
Argenx SE (ADR)1 | 727,383 | 275,591 | |
Shionogi & Co., Ltd. | 4,782,402 | 241,623 | |
Hypera SA, ordinary nominative shares | 28,584,628 | 207,771 | |
BeiGene, Ltd. (ADR)1 | 1,182,767 | 191,431 | |
BeiGene, Ltd., Class H1,3 | 531,500 | 6,672 | |
Coloplast A/S, Class B | 1,704,078 | 194,092 | |
Genmab A/S1 | 592,410 | 191,723 | |
Merck KGaA | 1,132,812 | 191,128 | |
Roche Holding AG, nonvoting non-registered shares | 455,296 | 151,924 | |
Roche Holding AG (ADR) | 698,229 | 29,123 | |
M3, Inc. | 6,151,690 | 176,734 | |
HOYA Corp. | 1,545,400 | 131,954 | |
Carl Zeiss Meditec AG, non-registered shares3 | 713,032 | 85,109 | |
BioNTech SE (ADR)3 | 569,395 | 84,897 | |
Bachem Holding AG, Class B | 1,092,509 | 75,931 | |
Rede D’Or Sao Luiz SA | 13,225,900 | 73,238 | |
bioMérieux SA | 624,052 | 60,950 | |
Ambu AS, Class B, non-registered shares3 | 5,528,192 | 53,681 | |
Dechra Pharmaceuticals PLC | 1,107,815 | 46,633 | |
Sartorius Stedim Biotech SA | 144,831 | 45,426 | |
Asahi Intecc Co., Ltd. | 2,047,100 | 30,900 | |
CRISPR Therapeutics AG1,3 | 470,978 | 28,621 | |
Hapvida Participacoes e Investimentos SA1 | 25,262,687 | 26,404 | |
Hangzhou Tigermed Consulting Co., Ltd., Class A | 1,394,613 | 23,843 |
EuroPacific Growth Fund — Page 2 of 13
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Amplifon SpA | 414,343 | $12,701 | |
DiaSorin SpA3 | 71,074 | 9,325 | |
Straumann Holding AG | 72,185 | 8,669 | |
Zai Lab, Ltd.1 | 1,435,480 | 4,894 | |
Hutchmed China, Ltd. (ADR)1 | 350,806 | 4,434 | |
CanSino Biologics, Inc., Class H3 | 332,800 | 3,408 | |
16,230,267 | |||
Industrials 11.45% | |||
Airbus SE, non-registered shares | 23,035,978 | 2,231,794 | |
Safran SA | 9,531,432 | 941,013 | |
DSV A/S | 6,356,301 | 887,682 | |
Recruit Holdings Co., Ltd. | 25,917,824 | 763,132 | |
SMC Corp. | 1,626,482 | 724,892 | |
Kingspan Group PLC2 | 12,032,818 | 723,802 | |
Melrose Industries PLC2 | 295,041,988 | 537,654 | |
MTU Aero Engines AG | 2,200,784 | 400,606 | |
Trane Technologies PLC | 2,809,535 | 364,874 | |
Rentokil Initial PLC | 62,078,351 | 358,646 | |
ASSA ABLOY AB, Class B | 16,393,282 | 348,226 | |
Ryanair Holdings PLC (ADR)1 | 4,946,807 | 332,673 | |
Ryanair Holdings PLC1 | 1,148,197 | 13,566 | |
Canadian Pacific Railway, Ltd.3 | 4,797,265 | 335,041 | |
Rheinmetall AG | 1,331,187 | 307,322 | |
VAT Group AG | 1,203,858 | 287,014 | |
Brenntag SE | 4,388,787 | 285,612 | |
Techtronic Industries Co., Ltd. | 25,183,552 | 262,690 | |
Daikin Industries, Ltd. | 1,496,700 | 239,927 | |
Grab Holdings, Ltd., Class A1,3 | 91,672,521 | 231,931 | |
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A | 55,137,397 | 226,338 | |
Siemens AG | 2,216,684 | 225,538 | |
Nidec Corp. | 3,536,379 | 218,417 | |
Schneider Electric SE | 1,809,734 | 214,116 | |
BayCurrent Consulting, Inc.2 | 793,878 | 211,225 | |
NIBE Industrier AB, Class B | 26,329,180 | 197,667 | |
Shenzhen Inovance Technology Co., Ltd., Class A | 19,602,976 | 192,888 | |
Teleperformance SE | 605,264 | 186,036 | |
TFI International, Inc. | 2,260,580 | 181,479 | |
ABB, Ltd. | 6,238,444 | 166,376 | |
ZTO Express (Cayman), Inc., Class A (ADR) | 5,663,847 | 155,473 | |
Grupo Aeroportuario del Pacífico, SAB de CV, Class B | 10,668,764 | 148,597 | |
Epiroc AB, Class B | 8,260,920 | 111,602 | |
Epiroc AB, Class A | 2,244,592 | 34,657 | |
Spirax-Sarco Engineering PLC | 1,212,951 | 145,851 | |
Diploma PLC | 5,098,157 | 138,269 | |
Aena SME, SA, non-registered shares1 | 1,085,647 | 137,947 | |
Ashtead Group PLC | 3,294,864 | 137,933 | |
CCR SA, ordinary nominative shares | 57,060,604 | 136,615 | |
Adecco Group AG | 3,940,702 | 133,909 | |
AutoStore Holdings, Ltd.1,3 | 89,372,013 | 127,030 | |
Fluidra, SA, non-registered shares | 6,079,219 | 123,210 | |
DCC PLC | 1,983,100 | 123,067 | |
Checkout Payments Group, Ltd., Series D1,4,5,6 | 479,280 | 115,986 | |
Rumo SA | 35,849,900 | 109,397 | |
Experian PLC | 3,452,657 | 101,122 |
EuroPacific Growth Fund — Page 3 of 13
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Hitachi, Ltd. | 1,990,300 | $94,440 | |
Airports of Thailand PCL, foreign registered shares1 | 44,412,313 | 89,328 | |
IMCD NV | 580,252 | 79,627 | |
Deutsche Post AG | 2,030,658 | 76,056 | |
Thales SA | 606,268 | 74,366 | |
Lifco AB, Class B | 4,223,466 | 67,812 | |
Centre Testing International Group Co., Ltd. | 19,467,567 | 67,497 | |
Interpump Group SpA | 1,597,750 | 60,913 | |
AirTAC International Group1 | 1,721,923 | 57,391 | |
Wizz Air Holdings PLC1 | 1,912,835 | 40,842 | |
InPost SA1,3 | 6,684,252 | 38,750 | |
BAE Systems PLC | 3,756,161 | 37,960 | |
Carel Industries SpA | 1,276,025 | 25,354 | |
LIXIL Corp. | 1,044,100 | 19,546 | |
Indutrade AB | 1,049,848 | 19,145 | |
Komatsu, Ltd. | 796,300 | 17,654 | |
Beijer Ref AB, Class B | 1,232,060 | 16,849 | |
Atlas Copco AB, Class B | 1,448,455 | 12,112 | |
TOMRA Systems ASA | 591,628 | 10,973 | |
15,485,457 | |||
Financials 11.16% | |||
AIA Group, Ltd. | 241,664,612 | 2,619,358 | |
Kotak Mahindra Bank, Ltd. | 75,516,123 | 1,588,399 | |
HDFC Bank, Ltd. | 51,050,150 | 871,387 | |
HDFC Bank, Ltd. (ADR) | 4,478,668 | 246,147 | |
CaixaBank, SA | 229,087,800 | 796,321 | |
ICICI Bank, Ltd. | 75,113,532 | 672,643 | |
ICICI Bank, Ltd. (ADR) | 933,851 | 16,566 | |
Aon PLC, Class A | 1,870,598 | 504,463 | |
KBC Groep NV | 7,035,289 | 394,731 | |
Aegon NV | 88,544,546 | 383,038 | |
B3 SA-Brasil, Bolsa, Balcao | 180,993,366 | 379,040 | |
Brookfield Asset Management, Inc., Class A | 8,325,091 | 370,217 | |
FinecoBank SpA | 30,321,846 | 362,879 | |
Toronto-Dominion Bank (CAD denominated) | 5,458,476 | 357,947 | |
Banco Bilbao Vizcaya Argentaria, SA | 77,368,866 | 351,111 | |
Hong Kong Exchanges and Clearing, Ltd. | 7,085,022 | 348,527 | |
DBS Group Holdings, Ltd. | 16,075,535 | 343,426 | |
ING Groep NV | 33,766,125 | 333,718 | |
Ping An Insurance (Group) Company of China, Ltd., Class H | 41,235,500 | 280,358 | |
Ping An Insurance (Group) Company of China, Ltd., Class A | 7,054,193 | 49,200 | |
London Stock Exchange Group PLC | 3,104,416 | 288,414 | |
HDFC Life Insurance Company, Ltd. | 39,538,945 | 275,367 | |
China Merchants Bank Co., Ltd., Class H | 33,768,100 | 225,930 | |
China Merchants Bank Co., Ltd., Class A1 | 6,029,314 | 38,008 | |
ABN AMRO Bank NV | 23,066,942 | 259,014 | |
Canadian Imperial Bank of Commerce3 | 4,939,473 | 239,874 | |
Bajaj Finance, Ltd. | 2,635,688 | 180,240 | |
Bajaj Finserv, Ltd. | 1,213,350 | 167,958 | |
Euronext NV | 1,977,731 | 161,453 | |
Capitec Bank Holdings, Ltd. | 1,288,570 | 156,995 | |
AXA SA | 6,866,929 | 155,870 | |
Futu Holdings, Ltd. (ADR)1,3 | 2,746,867 | 143,414 | |
EQT AB | 6,708,878 | 137,329 |
EuroPacific Growth Fund — Page 4 of 13
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Tokio Marine Holdings, Inc. | 2,191,200 | $127,632 | |
Bank Mandiri (Persero) Tbk PT | 236,775,800 | 125,957 | |
UniCredit SpA | 11,303,300 | 107,378 | |
XP, Inc., Class A1 | 5,936,761 | 106,624 | |
Société Générale | 4,813,841 | 105,383 | |
Allfunds Group PLC | 13,511,313 | 104,212 | |
Macquarie Group, Ltd. | 881,163 | 100,059 | |
Bank Central Asia Tbk PT | 178,938,200 | 87,082 | |
Bridgepoint Group PLC | 28,689,380 | 84,375 | |
East Money Information Co., Ltd., Class A | 20,213,520 | 76,696 | |
Nu Holdings, Ltd., Class A1,3 | 20,004,259 | 74,816 | |
DNB Bank ASA | 2,981,816 | 53,447 | |
Discovery, Ltd.1 | 5,510,876 | 43,393 | |
Hiscox, Ltd. | 2,849,489 | 32,689 | |
Erste Group Bank AG | 1,174,503 | 29,786 | |
Antin Infrastructure Partners SA | 997,610 | 23,543 | |
Hang Seng Bank, Ltd. | 1,306,600 | 23,062 | |
Skandinaviska Enskilda Banken AB, Class A | 2,205,597 | 21,647 | |
Standard Bank Group, Ltd. | 1,731,927 | 16,519 | |
Partners Group Holding AG | 14,661 | 13,210 | |
Intesa Sanpaolo SpA | 6,860,000 | 12,796 | |
Resona Holdings, Inc. | 3,357,300 | 12,572 | |
Brookfield Asset Management Reinsurance Partners, Ltd., Class A | 30,844 | 1,375 | |
Sberbank of Russia PJSC1,4,5,7 | 48,140,292 | —8 | |
TCS Group Holding PLC (GDR)1,4,5 | 1,061,209 | —8 | |
15,083,595 | |||
Consumer discretionary 10.41% | |||
LVMH Moët Hennessy-Louis Vuitton SE | 4,957,292 | 3,021,928 | |
MercadoLibre, Inc.1 | 1,556,389 | 991,217 | |
Sony Group Corp. | 12,021,260 | 983,018 | |
Flutter Entertainment PLC1,2 | 8,974,622 | 907,390 | |
Galaxy Entertainment Group, Ltd. | 142,154,374 | 847,839 | |
Evolution AB | 8,577,744 | 779,898 | |
Kering SA | 1,466,242 | 753,062 | |
Hermès International | 629,063 | 703,395 | |
EssilorLuxottica | 3,085,905 | 462,121 | |
Entain PLC1 | 25,753,148 | 390,299 | |
Li Ning Co., Ltd. | 37,242,500 | 345,049 | |
JD.com, Inc., Class A | 7,491,399 | 241,350 | |
JD.com, Inc., Class A (ADR) | 1,425,693 | 91,558 | |
Ferrari NV (EUR denominated) | 1,756,228 | 322,445 | |
Cie. Financière Richemont SA, Class A | 2,811,114 | 299,324 | |
Pan Pacific International Holdings Corp. | 14,717,100 | 234,836 | |
Midea Group Co., Ltd., Class A | 25,373,854 | 228,900 | |
Maruti Suzuki India, Ltd. | 2,112,119 | 226,550 | |
Booking Holdings, Inc.1 | 128,624 | 224,962 | |
Mercedes-Benz Group AG | 3,543,293 | 205,043 | |
Domino’s Pizza Enterprises, Ltd. | 4,203,475 | 197,298 | |
Barratt Developments PLC | 34,462,372 | 191,884 | |
Alibaba Group Holding, Ltd. (ADR)1 | 1,263,993 | 143,691 | |
Alibaba Group Holding, Ltd.1 | 2,422,300 | 34,543 | |
Persimmon PLC | 6,839,576 | 155,110 | |
Industria de Diseño Textil, SA | 6,333,956 | 143,307 | |
Stellantis NV3 | 10,161,258 | 125,460 |
EuroPacific Growth Fund — Page 5 of 13
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
InterContinental Hotels Group PLC | 2,300,061 | $121,794 | |
Coupang, Inc., Class A1 | 9,006,203 | 114,829 | |
B&M European Value Retail SA | 21,963,295 | 98,041 | |
Prosus NV, Class N | 1,306,064 | 85,516 | |
Bandai Namco Holdings, Inc. | 932,153 | 65,810 | |
D’Ieteren Group | 340,137 | 49,760 | |
On Holding AG, Class A1,3 | 2,643,716 | 46,767 | |
adidas AG | 246,939 | 43,672 | |
Astra International Tbk PT | 80,668,500 | 35,874 | |
Nitori Holdings Co., Ltd. | 293,500 | 27,894 | |
JD Health International, Inc.1 | 3,252,750 | 25,514 | |
Li Auto, Inc., Class A1,3 | 494,100 | 9,628 | |
Li Auto, Inc., Class A (ADR)1 | 240,989 | 9,232 | |
Shimano, Inc. | 111,100 | 18,768 | |
Meituan, Class B1 | 734,686 | 18,183 | |
Melco Resorts & Entertainment, Ltd. (ADR)1 | 2,819,396 | 16,212 | |
Americanas SA, ordinary nominative shares | 5,810,162 | 14,910 | |
IDP Education, Ltd.3 | 791,925 | 13,021 | |
Melco International Development, Ltd.1 | 17,168,000 | 12,690 | |
14,079,592 | |||
Energy 8.86% | |||
Reliance Industries, Ltd.1 | 129,508,881 | 4,256,668 | |
Canadian Natural Resources, Ltd. (CAD denominated)3 | 50,916,223 | 2,736,075 | |
Cenovus Energy, Inc. (CAD denominated) | 66,569,437 | 1,266,536 | |
TotalEnergies SE | 14,237,922 | 751,552 | |
Aker BP ASA3 | 9,923,372 | 344,659 | |
Aker BP ASA (SDR)4 | 9,824,392 | 341,221 | |
Woodside Energy Group, Ltd. | 31,092,350 | 683,334 | |
TC Energy Corp. (CAD denominated)3 | 9,460,828 | 490,093 | |
Tourmaline Oil Corp. | 7,788,074 | 404,953 | |
Neste OYJ | 8,860,106 | 392,196 | |
INPEX Corp.3 | 12,349,500 | 133,799 | |
Equinor ASA | 3,025,992 | 105,237 | |
BP PLC | 8,890,637 | 42,024 | |
MEG Energy Corp.1 | 1,672,359 | 23,152 | |
Orron Energy AB3 | 3,335,346 | 2,279 | |
Gazprom PJSC (ADR)4,5 | 39,657,268 | —8 | |
Rosneft Oil Company PJSC (GDR)4,5 | 3,432,340 | —8 | |
11,973,778 | |||
Materials 7.50% | |||
Vale SA, ordinary nominative shares (ADR) | 69,168,696 | 1,011,938 | |
Vale SA, ordinary nominative shares | 51,090,560 | 747,402 | |
Sika AG | 6,294,368 | 1,450,543 | |
Fortescue Metals Group, Ltd. | 103,355,595 | 1,250,611 | |
Linde PLC | 2,527,712 | 726,793 | |
Linde PLC (EUR denominated)3 | 1,178,333 | 338,283 | |
First Quantum Minerals, Ltd.2 | 50,547,933 | 958,966 | |
Shin-Etsu Chemical Co., Ltd. | 4,964,600 | 559,835 | |
Koninklijke DSM NV | 3,357,615 | 482,402 | |
Lundin Mining Corp.2 | 47,756,056 | 302,742 | |
CCL Industries, Inc., Class B, nonvoting shares | 6,334,250 | 299,391 | |
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A | 29,232,051 | 224,754 | |
HeidelbergCement AG | 4,612,586 | 221,580 |
EuroPacific Growth Fund — Page 6 of 13
unaudited
Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Ivanhoe Mines, Ltd., Class A1 | 31,124,816 | $179,176 | |
Akzo Nobel NV | 2,702,828 | 177,367 | |
CRH PLC | 4,329,784 | 149,734 | |
Givaudan SA | 39,892 | 140,279 | |
JSR Corp. | 5,087,136 | 131,978 | |
Wacker Chemie AG | 893,682 | 128,867 | |
Croda International PLC | 1,494,010 | 117,704 | |
Glencore PLC | 18,253,312 | 98,900 | |
Sociedad Química y Minera de Chile SA, Class B (ADR) | 1,160,778 | 96,960 | |
OCI NV | 2,403,264 | 79,282 | |
Anglo American Platinum, Ltd. | 765,630 | 67,062 | |
Yunnan Energy New Material Co., Ltd., Class A | 1,729,573 | 64,707 | |
BASF SE | 1,483,550 | 64,558 | |
Air Liquide SA, non-registered shares | 274,326 | 36,832 | |
Asian Paints, Ltd. | 831,597 | 28,381 | |
Gerdau SA (ADR) | 1,653,615 | 7,094 | |
10,144,121 | |||
Consumer staples 5.98% | |||
Nestlé SA | 15,172,243 | 1,771,115 | |
Kweichow Moutai Co., Ltd., Class A | 5,186,978 | 1,584,538 | |
British American Tobacco PLC | 19,630,367 | 841,021 | |
Philip Morris International, Inc. | 5,724,911 | 565,278 | |
Danone SA | 9,858,562 | 550,244 | |
Seven & i Holdings Co., Ltd. | 8,537,136 | 331,405 | |
Anheuser-Busch InBev SA/NV | 5,295,322 | 285,009 | |
Reckitt Benckiser Group PLC | 3,439,450 | 258,328 | |
Avenue Supermarts, Ltd.1 | 5,870,943 | 253,215 | |
Treasury Wine Estates, Ltd. | 30,086,549 | 235,708 | |
Carlsberg A/S, Class B | 1,346,146 | 171,456 | |
Kobe Bussan Co., Ltd. | 6,816,000 | 167,034 | |
CP ALL PCL, foreign registered shares | 76,974,200 | 130,834 | |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A | 22,356,952 | 130,081 | |
L’Oréal SA, non-registered shares | 291,853 | 100,715 | |
Godrej Consumer Products, Ltd.1 | 10,323,995 | 99,034 | |
Fomento Económico Mexicano, SAB de CV | 13,765,300 | 92,930 | |
Pernod Ricard SA | 432,267 | 79,410 | |
Chocoladefabriken Lindt & Sprüngli AG | 695 | 72,874 | |
Coca-Cola HBC AG (CDI) | 2,965,111 | 65,764 | |
Shiseido Company, Ltd.3 | 1,508,500 | 60,549 | |
Kerry Group PLC, Class A | 598,870 | 57,324 | |
Dabur India, Ltd. | 7,659,423 | 48,101 | |
Uni-Charm Corp. | 1,419,164 | 47,487 | |
Ocado Group PLC1 | 3,583,120 | 34,074 | |
Foshan Haitian Flavouring and Food Co., Ltd., Class A | 2,524,137 | 34,071 | |
COSMOS Pharmaceutical Corp. | 201,300 | 19,332 | |
8,086,931 | |||
Communication services 2.80% | |||
Bharti Airtel, Ltd.1 | 100,570,769 | 872,277 | |
Bharti Airtel, Ltd., interim shares1 | 5,244,406 | 20,082 | |
Tencent Holdings, Ltd. | 12,903,297 | 582,776 | |
Sea, Ltd., Class A (ADR)1 | 6,550,540 | 437,969 | |
NetEase, Inc. | 15,996,500 | 293,763 | |
Deutsche Telekom AG | 13,051,134 | 259,123 |
EuroPacific Growth Fund — Page 7 of 13
unaudited
Common stocks (continued) Communication services (continued) | Shares | Value (000) | |
Universal Music Group NV | 11,417,527 | $228,938 | |
SoftBank Group Corp. | 5,722,300 | 220,786 | |
Ubisoft Entertainment SA1 | 4,403,097 | 193,336 | |
Nintendo Co., Ltd. | 390,700 | 168,973 | |
Cellnex Telecom, SA, non-registered shares | 4,240,491 | 164,555 | |
Informa PLC1 | 20,310,579 | 130,741 | |
Nippon Telegraph and Telephone Corp. | 2,252,300 | 64,674 | |
Vivendi SE | 4,826,128 | 49,038 | |
Vodafone Group PLC | 17,133,587 | 26,417 | |
Spotify Technology SA1 | 219,370 | 20,583 | |
SoftBank Corp. | 1,744,400 | 19,369 | |
Adevinta ASA1 | 2,533,070 | 18,298 | |
Viaplay Group AB, Class B1 | 366,201 | 7,514 | |
Yandex NV, Class A1,4,5 | 11,166,532 | —8 | |
3,779,212 | |||
Utilities 1.08% | |||
ENN Energy Holdings, Ltd.2 | 71,265,550 | 1,170,685 | |
Engie SA | 12,716,855 | 146,140 | |
Enel SpA | 15,033,271 | 82,236 | |
Ørsted AS | 276,091 | 28,859 | |
Iberdrola, SA, non-registered shares | 2,511,414 | 26,045 | |
1,453,965 | |||
Real estate 0.60% | |||
ESR Group, Ltd.1 | 140,057,200 | 378,398 | |
Goodman Logistics (HK), Ltd. REIT | 17,153,005 | 211,223 | |
Country Garden Services Holdings Co., Ltd. | 32,659,498 | 145,467 | |
Ayala Land, Inc. | 116,734,007 | 54,137 | |
Longfor Group Holdings, Ltd.3 | 3,797,000 | 17,928 | |
807,153 | |||
Total common stocks (cost: $93,411,977,000) | 117,436,406 | ||
Preferred securities 0.74% Health care 0.42% | |||
Sartorius AG, nonvoting non-registered preferred shares | 1,186,381 | 414,506 | |
Grifols, SA, Class B, nonvoting non-registered preferred shares1 | 13,213,689 | 156,197 | |
570,703 | |||
Consumer discretionary 0.20% | |||
Porsche Automobil Holding SE, nonvoting preferred shares | 3,999,962 | 264,584 | |
Materials 0.06% | |||
Gerdau SA, preferred nominative shares | 20,228,242 | 86,387 | |
Financials 0.06% | |||
Itaú Unibanco Holding SA, preferred nominative shares | 19,300,000 | 83,603 | |
Information technology 0.00% | |||
Canva, Inc., Series A, noncumulative preferred shares1,4,5,6 | 3,308 | 5,050 |
EuroPacific Growth Fund — Page 8 of 13
unaudited
Preferred securities (continued) Information technology (continued) | Shares | Value (000) | |
Canva, Inc., Series A-3, noncumulative preferred shares1,4,5,6 | 133 | $203 | |
Canva, Inc., Series A-4, noncumulative preferred shares1,4,5,6 | 11 | 17 | |
Canva, Inc., Series A-5, noncumulative preferred shares1,4,5,6 | 9 | 13 | |
5,283 | |||
Total preferred securities (cost: $967,739,000) | 1,010,560 | ||
Rights & warrants 0.12% Health care 0.12% | |||
WuXi AppTec Co., Ltd., Class A, warrants, expire 20221,4,7 | 10,273,704 | 159,592 | |
Consumer discretionary 0.00% | |||
Compagnie Financière Richemont SA, Class A, warrants, expire 20231 | 3,603,493 | 1,963 | |
Total rights & warrants (cost: $197,628,000) | 161,555 | ||
Short-term securities 13.09% Money market investments 12.16% | |||
Capital Group Central Cash Fund 1.38%2,9 | 164,366,720 | 16,433,385 | |
Money market investments purchased with collateral from securities on loan 0.93% | |||
Capital Group Central Cash Fund 1.38%2,9,10 | 4,381,076 | 438,020 | |
Goldman Sachs Financial Square Government Fund, Institutional Shares 1.39%9,10 | 201,100,000 | 201,100 | |
BlackRock Liquidity Funds – FedFund, Institutional Shares 1.32%9,10 | 188,500,000 | 188,500 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43%9,10 | 175,900,000 | 175,900 | |
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 1.38%9,10 | 150,800,000 | 150,800 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 1.38%9,10 | 102,587,330 | 102,587 | |
1,256,907 | |||
Total short-term securities (cost: $17,692,893,000) | 17,690,292 | ||
Total investment securities 100.82% (cost: $112,270,237,000) | 136,298,813 | ||
Other assets less liabilities (0.82)% | (1,110,037) | ||
Net assets 100.00% | $135,188,776 |
Investments in affiliates2
Value of affiliates at 4/1/2022 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 6/30/2022 (000) | Dividend income (000) | |
Common stocks 5.02% | |||||||
Information technology 1.46% | |||||||
Nice, Ltd. (ADR)1,3 | $939,629 | $— | $3,396 | $916 | $(114,732) | $822,417 | $— |
Nice, Ltd.1 | 59,878 | — | 216 | 61 | (7,427) | 52,296 | — |
Edenred SA | 642,713 | — | 2,550 | 1,231 | (31,151) | 610,243 | 12,497 |
Halma PLC | 656,097 | — | 2,179 | 1,420 | (165,745) | 489,593 | — |
1,974,549 |
EuroPacific Growth Fund — Page 9 of 13
unaudited
Investments in affiliates2 (continued)
Value of affiliates at 4/1/2022 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 6/30/2022 (000) | Dividend income (000) | ||||
Industrials 1.09% | ||||||||||
Kingspan Group PLC | $1,313,155 | $— | $92,678 | $(72,736) | $(423,939) | $723,802 | $— | |||
Melrose Industries PLC | 479,499 | — | 2,044 | (164) | 60,363 | 537,654 | 3,873 | |||
BayCurrent Consulting, Inc. | 320,713 | — | 28,665 | (8,014) | (72,809) | 211,225 | 72 | |||
1,472,681 | ||||||||||
Financials 0.00% | ||||||||||
Commerzbank AG, non-registered shares1,4,11 | 546,771 | — | 504,468 | 46,150 | (88,453) | — | — | |||
UniCredit SpA12 | 1,308,485 | — | 994,853 | (176,951) | (29,303) | — | 70,309 | |||
— | ||||||||||
Consumer discretionary 0.67% | ||||||||||
Flutter Entertainment PLC1 | 1,036,681 | — | 6,550 | (256) | (122,485) | 907,390 | — | |||
Materials 0.93% | ||||||||||
First Quantum Minerals, Ltd. | 1,730,787 | 24,035 | 4,492 | 4,021 | (795,385) | 958,966 | 198 | |||
Lundin Mining Corp. | 485,938 | — | 1,432 | (106) | (181,658) | 302,742 | 3,405 | |||
1,261,708 | ||||||||||
Consumer staples 0.00% | ||||||||||
Swedish Match AB11 | 699,563 | 86,835 | 1,057,547 | 260,613 | 10,536 | — | 9,789 | |||
Utilities 0.87% | ||||||||||
ENN Energy Holdings, Ltd. | 1,066,324 | — | 4,327 | 2,786 | 105,902 | 1,170,685 | 19,211 | |||
Total common stocks | 6,787,013 | |||||||||
Short-term securities 12.48% | ||||||||||
Money market investments 12.16% | ||||||||||
Capital Group Central Cash Fund 1.38%9 | 16,166,512 | 5,199,742 | 4,929,502 | (361) | (3,006) | 16,433,385 | 32,074 | |||
Money market investments purchased with collateral from securities on loan 0.32% | ||||||||||
Capital Group Central Cash Fund 1.38%9,10 | 221,737 | 216,28313 | 438,020 | —14 | ||||||
Total short-term securities | 16,871,405 | |||||||||
Total 17.50% | $58,610 | $(1,859,292) | $23,658,418 | $151,428 |
Private placement securities6
Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets | |||
Checkout Payments Group, Ltd., Series D | 1/11/2022 | $148,840 | $115,986 | .09% | ||
Canva, Inc. | 8/26/2021-11/4/2021 | 64,403 | 57,674 | .04 | ||
Canva, Inc., Series A, noncumulative preferred shares | 11/4/2021 | 5,639 | 5,050 | .00 | ||
Canva, Inc., Series A-3, noncumulative preferred shares | 11/4/2021 | 227 | 203 | .00 | ||
Canva, Inc., Series A-4, noncumulative preferred shares | 11/4/2021 | 19 | 17 | .00 | ||
Canva, Inc., Series A-5, noncumulative preferred shares | 11/4/2021 | 15 | 13 | .00 | ||
Total | $ 219,143 | $ 178,943 | .13% |
EuroPacific Growth Fund — Page 10 of 13
unaudited
1 | Security did not produce income during the last 12 months. |
2 | Affiliate of the fund or part of the same “group of investment companies“ as the fund, as defined under the Investment Company Act of 1940, as amended. |
3 | All or a portion of this security was on loan. The total value of all such securities was $2,028,017,000, which represented 1.50% of the net assets of the fund. |
4 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $679,756,000, which represented .50% of the net assets of the fund. |
5 | Value determined using significant unobservable inputs. |
6 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. |
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 $159,592,000, which represented .12% of the net assets of the fund. |
8 | Amount less than one thousand. |
9 | Rate represents the seven-day yield at 6/30/2022. |
10 | Security purchased with cash collateral from securities on loan. |
11 | Affiliated issuer during the reporting period but no longer held at 6/30/2022. |
12 | Affiliated issuer during the reporting period but no longer an affiliate at 6/30/2022. Refer to the investment portfolio for the security value at 6/30/2022. |
13 | Represents net activity. |
14 | Dividend income is included with securities lending income and is not shown in this table. |
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 |
Mortgage-backed; asset-backed obligations | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information |
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 facilitated by the investment adviser’s global risk management 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 table on the following page presents the fund’s valuation levels as of June 30, 2022 (dollars in
thousands):
thousands):
EuroPacific Growth Fund — Page 12 of 13
unaudited
Investment securities | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Assets: | |||||||
Common stocks: | |||||||
Information technology | $20,254,661 | $— | $57,674 | $20,312,335 | |||
Health care | 16,230,267 | — | — | 16,230,267 | |||
Industrials | 15,369,471 | — | 115,986 | 15,485,457 | |||
Financials | 15,083,595 | — | —* | 15,083,595 | |||
Consumer discretionary | 14,079,592 | — | — | 14,079,592 | |||
Energy | 11,632,557 | 341,221 | —* | 11,973,778 | |||
Materials | 10,144,121 | — | — | 10,144,121 | |||
Consumer staples | 8,086,931 | — | — | 8,086,931 | |||
Communication services | 3,779,212 | — | —* | 3,779,212 | |||
Utilities | 1,453,965 | — | — | 1,453,965 | |||
Real estate | 807,153 | — | — | 807,153 | |||
Preferred securities | 1,005,277 | — | 5,283 | 1,010,560 | |||
Rights & warrants | 1,963 | 159,592 | — | 161,555 | |||
Short-term securities | 17,690,292 | — | — | 17,690,292 | |||
Total | $135,619,057 | $500,813 | $178,943 | $136,298,813 |
* | Amount less than one thousand. |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
EUR = Euros |
GDR = Global Depositary Receipts |
REIT = Real Estate Investment Trust |
SDR = Swedish 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.
© 2022 Capital Group. All rights reserved.
MFGEFP1-016-0822O-S85348 | EuroPacific Growth Fund — Page 13 of 13 |