EuroPacific Growth Fund®
Investment portfolio
June 30, 2024unaudited
Common stocks 96.65% Information technology 18.73% | Shares | Value (000) | |
Taiwan Semiconductor Manufacturing Co., Ltd. | 206,568,698 | $6,143,665 | |
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) | 2,714,052 | 471,729 | |
SAP SE | 14,425,620 | 2,928,904 | |
ASML Holding NV | 2,804,865 | 2,893,771 | |
Shopify, Inc., Class A, subordinate voting shares1 | 23,180,381 | 1,531,064 | |
SK hynix, Inc. | 8,975,721 | 1,522,193 | |
Samsung Electronics Co., Ltd. | 24,561,677 | 1,443,386 | |
Tokyo Electron, Ltd. | 4,910,283 | 1,078,284 | |
Capgemini SE2 | 5,391,378 | 1,067,878 | |
NEC Corp. | 11,321,358 | 925,753 | |
Keyence Corp. | 2,077,815 | 916,681 | |
ASM International NV | 768,850 | 585,632 | |
Sage Group PLC (The) | 35,463,235 | 486,412 | |
Renesas Electronics Corp. | 20,029,400 | 378,176 | |
Constellation Software, Inc. | 120,719 | 347,838 | |
Fujitsu, Ltd. | 21,134,590 | 332,064 | |
STMicroelectronics NV2 | 8,348,880 | 325,574 | |
Disco Corp. | 651,200 | 249,524 | |
OBIC Co., Ltd. | 1,835,445 | 237,028 | |
TDK Corp. | 3,657,100 | 223,487 | |
Dassault Systemes SE | 5,923,441 | 222,984 | |
NICE, Ltd. (ADR)1 | 1,174,081 | 201,907 | |
Nomura Research Institute, Ltd. | 5,690,100 | 160,634 | |
Lasertec Corp.2 | 632,628 | 142,932 | |
Nemetschek SE | 1,087,940 | 106,987 | |
Tata Consultancy Services, Ltd. | 2,249,221 | 104,985 | |
Halma PLC | 2,577,433 | 87,748 | |
Advantech Co., Ltd. | 6,068,000 | 69,016 | |
MediaTek, Inc. | 1,601,000 | 68,443 | |
Kokusai Electric Corp.2 | 1,951,200 | 57,512 | |
Infosys, Ltd. | 2,504,619 | 47,030 | |
Globant SA1 | 228,244 | 40,687 | |
Canva, Inc.1,3,4 | 37,779 | 40,297 | |
E Ink Holdings, Inc. | 2,419,000 | 18,864 | |
Reply SpA | 122,989 | 18,199 | |
25,477,268 | |||
Industrials 16.37% | |||
Airbus SE, non-registered shares | 19,992,286 | 2,756,648 | |
Safran SA | 12,615,829 | 2,654,190 | |
Recruit Holdings Co., Ltd. | 32,176,024 | 1,731,674 | |
Siemens AG | 8,284,756 | 1,540,874 | |
Kingspan Group PLC5 | 10,530,408 | 892,195 | |
Techtronic Industries Co., Ltd. | 72,764,591 | 830,882 | |
Rolls-Royce Holdings PLC1 | 140,172,950 | 810,257 | |
Melrose Industries PLC5 | 110,211,479 | 769,681 |
EuroPacific Growth Fund — Page 1 of 13
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
MTU Aero Engines AG | 2,626,007 | $671,409 | |
SMC Corp. | 1,321,879 | 631,121 | |
Mitsui & Co., Ltd. | 23,956,200 | 546,480 | |
ABB, Ltd. | 9,411,394 | 520,997 | |
Rheinmetall AG, non-registered shares | 1,010,715 | 514,154 | |
Schneider Electric SE2 | 1,961,283 | 467,969 | |
Volvo AB, Class B | 17,596,974 | 451,429 | |
Daikin Industries, Ltd. | 3,199,700 | 442,014 | |
Ashtead Group PLC | 5,751,799 | 383,236 | |
Larsen & Toubro, Ltd. | 8,465,904 | 358,690 | |
Bunzl PLC | 9,265,335 | 351,466 | |
Trane Technologies PLC | 963,422 | 316,898 | |
Wolters Kluwer NV | 1,709,310 | 282,568 | |
DSV A/S | 1,819,450 | 278,422 | |
International Consolidated Airlines Group SA (CDI)1 | 122,334,467 | 251,176 | |
BAE Systems PLC | 14,439,041 | 241,095 | |
Rentokil Initial PLC | 40,228,431 | 234,564 | |
IMCD NV | 1,583,526 | 219,214 | |
Shenzhen Inovance Technology Co., Ltd., Class A | 28,104,886 | 198,391 | |
ASSA ABLOY AB, Class B | 6,837,942 | 193,788 | |
RELX PLC | 4,124,908 | 189,090 | |
Ryanair Holdings PLC (ADR) | 1,621,993 | 188,865 | |
TFI International, Inc. | 1,173,309 | 170,318 | |
Rumo SA | 42,199,264 | 156,414 | |
Grupo Aeroportuario del Pacífico, SAB de CV, Class B | 9,849,972 | 154,078 | |
Canadian Pacific Kansas City, Ltd. | 1,866,305 | 146,934 | |
Canadian National Railway Co. (CAD denominated) | 1,074,740 | 127,000 | |
Deutsche Post AG | 3,082,742 | 124,732 | |
Thales SA | 706,549 | 113,531 | |
Hitachi, Ltd. | 4,653,000 | 104,885 | |
Arcadis NV, non-registered shares | 1,567,923 | 99,192 | |
Lifco AB, Class B | 3,344,637 | 92,085 | |
Ferguson PLC | 440,301 | 85,264 | |
Grab Holdings, Ltd., Class A1 | 23,848,842 | 84,663 | |
Deutsche Lufthansa AG2 | 12,655,496 | 77,394 | |
Fluidra, SA, non-registered shares | 3,597,667 | 74,756 | |
Toromont Industries, Ltd. | 789,665 | 69,919 | |
ITOCHU Corp.2 | 1,362,800 | 66,869 | |
Airports of Thailand PCL, foreign registered shares | 41,814,223 | 65,681 | |
Epiroc AB, Class B | 1,799,570 | 32,847 | |
Epiroc AB, Class A2 | 1,570,807 | 31,324 | |
NIBE Industrier AB, Class B | 15,039,239 | 63,398 | |
InPost SA1 | 3,463,703 | 60,778 | |
Mitsubishi Corp. | 2,785,000 | 54,777 | |
Komatsu, Ltd. | 1,818,700 | 52,928 | |
AirTAC International Group | 1,721,923 | 52,213 | |
VAT Group AG | 76,661 | 43,149 | |
Contemporary Amperex Technology Co., Ltd., Class A | 1,737,047 | 42,909 | |
AutoStore Holdings, Ltd.1 | 27,429,467 | 32,010 | |
Rational AG | 28,025 | 23,361 | |
Spirax Group PLC | 186,661 | 20,025 | |
Wizz Air Holdings PLC1 | 698,165 | 19,745 | |
22,262,616 |
EuroPacific Growth Fund — Page 2 of 13
unaudited
Common stocks (continued) Financials 13.68% | Shares | Value (000) | |
Banco Bilbao Vizcaya Argentaria, SA | 161,740,536 | $1,613,574 | |
Nu Holdings Ltd., Class A1 | 110,664,370 | 1,426,464 | |
AIA Group, Ltd. | 175,203,727 | 1,188,048 | |
3i Group PLC | 27,829,032 | 1,073,194 | |
ICICI Bank, Ltd. | 64,730,802 | 929,721 | |
ICICI Bank, Ltd. (ADR) | 2,939,259 | 84,680 | |
UBS Group AG | 22,375,109 | 654,955 | |
UniCredit SpA | 16,374,702 | 610,128 | |
London Stock Exchange Group PLC | 4,603,699 | 545,708 | |
ING Groep NV | 31,114,232 | 533,132 | |
NatWest Group PLC | 133,912,859 | 525,277 | |
Edenred SA | 11,358,115 | 479,246 | |
Kotak Mahindra Bank, Ltd. | 21,687,614 | 466,461 | |
Aegon, Ltd. | 74,295,898 | 458,699 | |
Aon PLC, Class A | 1,534,654 | 450,544 | |
Brookfield Corp., Class A | 10,593,743 | 440,064 | |
Axis Bank, Ltd. | 27,346,745 | 414,374 | |
FinecoBank SpA | 26,929,421 | 401,298 | |
Bank Central Asia Tbk PT | 647,553,800 | 390,649 | |
Tokio Marine Holdings, Inc. | 10,134,900 | 380,420 | |
HDFC Bank, Ltd. | 17,613,206 | 355,797 | |
KB Financial Group, Inc. | 6,155,121 | 349,025 | |
Bank Mandiri (Persero) Tbk PT | 884,471,491 | 330,295 | |
Royal Bank of Canada | 3,080,993 | 328,019 | |
Deutsche Bank AG | 19,571,720 | 312,211 | |
Bajaj Finserv, Ltd. | 13,890,000 | 264,281 | |
Hana Financial Group, Inc. | 5,868,256 | 257,257 | |
Erste Group Bank AG | 5,300,385 | 251,032 | |
Adyen NV1 | 207,279 | 247,129 | |
Bajaj Finance, Ltd. | 2,635,688 | 224,393 | |
State Bank of India | 21,764,453 | 220,507 | |
AXA SA2 | 6,683,549 | 220,071 | |
Cholamandalam Investment and Finance Co., Ltd. | 9,677,448 | 164,392 | |
Münchener Rückversicherungs-Gesellschaft AG | 298,238 | 149,129 | |
Resona Holdings, Inc. | 22,311,800 | 148,152 | |
EXOR NV | 1,333,490 | 138,978 | |
B3 SA - Brasil, Bolsa, Balcao | 72,039,828 | 131,963 | |
Banco Santander, SA | 26,511,755 | 122,878 | |
DBS Group Holdings, Ltd. | 4,396,707 | 115,856 | |
Grupo Financiero Banorte, SAB de CV, Series O | 14,524,569 | 113,180 | |
Intact Financial Corp. | 630,039 | 105,007 | |
Mizuho Financial Group, Inc. | 5,006,500 | 104,838 | |
Bridgepoint Group PLC | 35,820,173 | 99,906 | |
Jio Financial Services, Ltd.1 | 23,071,814 | 98,773 | |
Skandinaviska Enskilda Banken AB, Class A | 6,447,325 | 95,503 | |
Euronext NV | 851,704 | 78,628 | |
CVC Capital Partners PLC1 | 3,802,352 | 69,776 | |
East Money Information Co., Ltd., Class A | 41,445,440 | 60,158 | |
XP, Inc., Class A | 3,227,255 | 56,768 | |
Prudential PLC | 6,222,648 | 56,451 | |
Eurobank Ergasias Services and Holdings SA | 24,142,923 | 52,274 | |
Checkout Payments Group, Ltd., Class B1,3,4 | 479,280 | 43,063 | |
BDO Unibank, Inc. | 17,849,420 | 39,078 | |
Hiscox, Ltd. | 2,504,206 | 36,380 | |
BNP Paribas SA2 | 520,802 | 33,373 |
EuroPacific Growth Fund — Page 3 of 13
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Bank of Montreal | 202,291 | $16,980 | |
DNB Bank ASA | 802,307 | 15,755 | |
Ping An Insurance (Group) Company of China, Ltd., Class H | 3,194,734 | 14,527 | |
Discovery, Ltd. | 1,880,649 | 13,921 | |
PB Fintech, Ltd.1 | 422,651 | 7,062 | |
Sberbank of Russia PJSC3 | 48,140,292 | — 6 | |
18,609,402 | |||
Health care 12.12% | |||
Novo Nordisk AS, Class B | 50,381,132 | 7,197,255 | |
Daiichi Sankyo Co., Ltd. | 69,866,108 | 2,440,677 | |
AstraZeneca PLC | 12,916,587 | 2,013,645 | |
EssilorLuxottica SA | 5,339,843 | 1,145,759 | |
Argenx SE (ADR)1 | 1,119,491 | 481,426 | |
Argenx SE, non-registered shares1 | 151,536 | 65,506 | |
Sonova Holding AG | 1,258,409 | 387,173 | |
Sanofi | 3,625,597 | 348,497 | |
UCB SA | 2,065,565 | 306,112 | |
HOYA Corp. | 2,479,200 | 290,085 | |
Eurofins Scientific SE, non-registered shares2 | 3,895,968 | 193,695 | |
Genmab AS1 | 728,884 | 182,789 | |
Siemens Healthineers AG | 2,425,947 | 139,747 | |
BeiGene, Ltd. (ADR)1 | 978,737 | 139,636 | |
Lonza Group AG | 255,071 | 138,619 | |
Coloplast AS, Class B | 1,126,375 | 135,273 | |
Innovent Biologics, Inc.1 | 26,434,000 | 124,666 | |
Grifols, SA, Class A, non-registered shares1 | 13,751,807 | 115,086 | |
Hypera SA, ordinary nominative shares | 18,727,714 | 96,150 | |
Ambu AS, Class B, non-registered shares1 | 4,537,492 | 87,151 | |
Asahi Intecc Co., Ltd.2 | 5,623,300 | 79,159 | |
bioMérieux SA | 761,595 | 72,053 | |
Sartorius Stedim Biotech SA | 430,161 | 70,286 | |
Zealand Pharma AS1 | 490,626 | 62,453 | |
WuXi AppTec Co., Ltd., Class A | 5,597,352 | 30,182 | |
WuXi AppTec Co., Ltd., Class H | 5,239,400 | 19,637 | |
Rede D’Or Sao Luiz SA | 6,710,081 | 32,650 | |
Koninklijke Philips NV | 1,251,011 | 31,458 | |
BioNTech SE (ADR)1 | 386,462 | 31,056 | |
Bachem Holding AG | 242,697 | 22,306 | |
Straumann Holding AG | 17,979 | 2,213 | |
16,482,400 | |||
Consumer discretionary 11.59% | |||
MercadoLibre, Inc.1 | 1,279,526 | 2,102,773 | |
Flutter Entertainment PLC1,5 | 10,231,582 | 1,865,831 | |
LVMH Moët Hennessy-Louis Vuitton SE | 2,155,533 | 1,655,344 | |
adidas AG | 5,249,809 | 1,252,933 | |
Compagnie Financière Richemont SA, Class A | 3,878,499 | 605,312 | |
Amadeus IT Group SA, Class A, non-registered shares | 8,088,247 | 538,237 | |
Maruti Suzuki India, Ltd. | 3,590,751 | 516,546 | |
Midea Group Co., Ltd., Class A | 55,085,477 | 489,147 | |
Galaxy Entertainment Group, Ltd. | 98,689,374 | 459,695 | |
Ferrari NV (EUR denominated) | 1,113,546 | 455,282 | |
Evolution AB | 4,019,932 | 418,913 | |
Trip.com Group, Ltd. (ADR)1 | 6,298,739 | 296,041 |
EuroPacific Growth Fund — Page 4 of 13
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Trip.com Group, Ltd.1 | 1,632,500 | $77,299 | |
Booking Holdings, Inc. | 93,891 | 371,949 | |
InterContinental Hotels Group PLC | 3,546,775 | 371,853 | |
Industria de Diseño Textil, SA | 6,882,094 | 340,096 | |
Kering SA | 893,292 | 324,746 | |
Sony Group Corp. | 3,496,360 | 297,093 | |
Mercedes-Benz Group AG | 3,818,000 | 263,839 | |
Mahindra & Mahindra, Ltd. | 6,911,998 | 236,761 | |
Meituan, Class B1 | 16,590,200 | 235,048 | |
Coupang, Inc., Class A1 | 10,182,081 | 213,315 | |
NEXT PLC | 1,641,221 | 187,679 | |
Titan Co., Ltd. | 4,185,820 | 170,337 | |
Alibaba Group Holding, Ltd. | 16,430,000 | 147,707 | |
Stellantis NV | 7,338,211 | 144,326 | |
Entain PLC | 18,106,095 | 143,349 | |
Hermès International2 | 53,995 | 124,280 | |
Sands China, Ltd.1 | 57,564,800 | 119,928 | |
D’Ieteren Group | 551,922 | 116,691 | |
Pan Pacific International Holdings Corp. | 4,901,700 | 115,014 | |
B&M European Value Retail SA | 20,023,027 | 110,727 | |
ASICS Corp. | 7,066,800 | 108,744 | |
Nitori Holdings Co., Ltd. | 942,460 | 99,696 | |
BYD Co., Ltd., Class H | 2,458,000 | 72,948 | |
BYD Co., Ltd., Class A1 | 681,241 | 23,404 | |
Hyundai Motor Co. | 437,000 | 93,189 | |
Prosus NV, Class N | 2,566,703 | 90,926 | |
TVS Motor Co., Ltd. | 2,912,386 | 82,321 | |
Dollarama, Inc. | 867,072 | 79,168 | |
PUMA SE, non-registered shares | 1,574,487 | 72,362 | |
Shenzhou International Group Holdings, Ltd. | 7,275,600 | 71,191 | |
Zalando SE, non-registered shares1 | 3,005,584 | 70,260 | |
Toyota Motor Corp. | 2,739,500 | 56,402 | |
Suzuki Motor Corp. | 2,208,400 | 25,558 | |
H World Group, Ltd. (ADR) | 729,168 | 24,296 | |
China Tourism Group Duty Free Corp., Ltd., Class H2 | 2,486,900 | 15,198 | |
China Tourism Group Duty Free Corp., Ltd., Class A | 479,962 | 4,120 | |
JD.com, Inc., Class A | 95,600 | 1,235 | |
15,759,109 | |||
Materials 8.17% | |||
Glencore PLC | 387,355,330 | 2,208,617 | |
Anglo American PLC | 38,894,826 | 1,223,416 | |
Fortescue, Ltd. | 69,714,070 | 995,938 | |
Linde PLC | 2,006,359 | 880,410 | |
Ivanhoe Mines, Ltd., Class A1,2 | 35,520,231 | 458,267 | |
Ivanhoe Mines, Ltd., Class A1,4 | 25,725,343 | 331,897 | |
First Quantum Minerals, Ltd.5 | 48,488,181 | 636,916 | |
Shin-Etsu Chemical Co., Ltd. | 13,977,146 | 543,658 | |
Lundin Mining Corp.5 | 47,996,373 | 534,326 | |
Heidelberg Materials AG, non-registered shares | 4,489,407 | 465,207 | |
Vale SA, ordinary nominative shares | 28,265,000 | 314,601 | |
Vale SA (ADR), ordinary nominative shares | 13,036,169 | 145,614 | |
Rio Tinto PLC | 6,303,677 | 414,944 | |
DSM-Firmenich AG | 3,674,718 | 413,788 | |
Sika AG | 1,259,203 | 358,448 |
EuroPacific Growth Fund — Page 5 of 13
unaudited
Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Antofagasta PLC | 7,101,374 | $188,306 | |
Givaudan SA | 38,827 | 184,181 | |
CRH PLC | 2,222,087 | 166,612 | |
Grupo México, SAB de CV, Series B | 27,048,278 | 145,494 | |
Air Liquide SA2 | 716,595 | 123,370 | |
OCI NV | 4,896,367 | 119,498 | |
BASF SE | 2,147,988 | 103,792 | |
CEMEX, SAB de CV (ADR), ordinary participation certificates, units | 10,196,112 | 65,153 | |
Akzo Nobel NV | 1,009,617 | 61,387 | |
Zijin Mining Group Co., Ltd., Class H2 | 15,384,000 | 32,201 | |
11,116,041 | |||
Energy 5.42% | |||
Reliance Industries, Ltd. | 75,741,623 | 2,835,371 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 43,028,918 | 1,532,692 | |
TotalEnergies SE | 19,512,792 | 1,300,509 | |
Cenovus Energy, Inc. (CAD denominated) | 57,656,619 | 1,133,282 | |
Cenovus Energy, Inc. | 6,486,295 | 127,520 | |
Tourmaline Oil Corp. | 7,219,995 | 327,474 | |
BP PLC | 17,883,003 | 107,754 | |
Neste OYJ | 721,583 | 12,797 | |
Gazprom PJSC1,3 | 79,314,536 | — 6 | |
Rosneft Oil Co. PJSC3 | 3,432,340 | — 6 | |
7,377,399 | |||
Consumer staples 5.19% | |||
Kweichow Moutai Co., Ltd., Class A | 5,232,248 | 1,055,250 | |
Nestlé SA | 8,360,101 | 853,379 | |
Ajinomoto Co., Inc. | 20,662,600 | 727,299 | |
Danone SA | 9,500,630 | 579,824 | |
Philip Morris International, Inc. | 5,127,241 | 519,543 | |
Anheuser-Busch InBev SA/NV | 6,020,379 | 347,775 | |
Alimentation Couche-Tard, Inc. | 4,804,152 | 269,592 | |
Avenue Supermarts, Ltd.1 | 4,033,558 | 228,128 | |
JBS SA1 | 39,178,509 | 226,166 | |
Treasury Wine Estates, Ltd. | 26,488,305 | 219,613 | |
Godrej Consumer Products, Ltd. | 12,800,404 | 211,107 | |
British American Tobacco PLC | 6,133,501 | 188,545 | |
Carlsberg A/S, Class B | 1,458,157 | 174,505 | |
Kobe Bussan Co., Ltd.2 | 7,684,700 | 171,002 | |
Pernod Ricard SA | 1,255,990 | 170,924 | |
L’Oréal SA, non-registered shares | 367,957 | 161,796 | |
Seven & i Holdings Co., Ltd. | 12,119,444 | 147,609 | |
Chocoladefabriken Lindt & Sprüngli AG, nonvoting shares | 10,801 | 126,144 | |
Emmi AG | 103,572 | 102,357 | |
Uni-Charm Corp. | 2,960,864 | 94,861 | |
Suntory Beverage & Food, Ltd.2 | 2,546,600 | 90,400 | |
Imperial Brands PLC | 3,382,648 | 86,609 | |
Asahi Group Holdings, Ltd. | 2,450,100 | 86,544 | |
Puig Brands, SA, Class B1 | 2,994,900 | 83,713 | |
Fomento Económico Mexicano, SAB de CV | 6,161,392 | 66,288 | |
Barry Callebaut AG (Switzerland) | 35,873 | 58,461 | |
Foshan Haitian Flavouring and Food Co., Ltd., Class A | 3,713,720 | 17,592 | |
7,065,026 |
EuroPacific Growth Fund — Page 6 of 13
unaudited
Common stocks (continued) Communication services 3.92% | Shares | Value (000) | |
Bharti Airtel, Ltd. | 99,430,203 | $1,716,884 | |
Bharti Airtel, Ltd., interim shares | 1,365,265 | 17,025 | |
Tencent Holdings, Ltd. | 24,786,430 | 1,176,388 | |
NetEase, Inc. | 28,204,300 | 538,482 | |
Publicis Groupe SA | 3,957,952 | 419,517 | |
Universal Music Group NV | 10,420,008 | 308,883 | |
Nintendo Co., Ltd. | 5,231,800 | 279,540 | |
SoftBank Group Corp. | 4,125,700 | 268,975 | |
Capcom Co., Ltd. | 12,405,500 | 234,632 | |
Deutsche Telekom AG | 6,546,628 | 164,686 | |
Ubisoft Entertainment SA1 | 3,561,347 | 78,214 | |
HYBE Co., Ltd. | 370,000 | 54,447 | |
América Móvil, SAB de CV, Class B (ADR) | 2,638,759 | 44,859 | |
MTN Group, Ltd. | 4,006,710 | 18,603 | |
Scout24 SE | 212,829 | 16,228 | |
5,337,363 | |||
Utilities 0.84% | |||
ENN Energy Holdings, Ltd. | 50,970,221 | 419,679 | |
Engie SA2 | 28,087,679 | 400,052 | |
E.ON SE | 10,742,786 | 140,787 | |
Equatorial Energia SA, ordinary nominative shares | 22,053,680 | 121,076 | |
Equatorial Energia SA, subscription receipts1 | 336,407 | 1,871 | |
Iberdrola, SA, non-registered shares | 2,345,936 | 30,432 | |
Enel SpA | 4,142,015 | 28,893 | |
1,142,790 | |||
Real estate 0.62% | |||
ESR Group, Ltd.2,5 | 223,482,800 | 293,156 | |
Goodman Logistics (HK), Ltd. REIT | 10,028,825 | 231,129 | |
Mitsui Fudosan Co., Ltd. | 14,578,900 | 134,099 | |
KE Holdings, Inc., Class A (ADR) | 6,417,685 | 90,810 | |
Ayala Land, Inc. | 150,304,607 | 73,107 | |
Mitsubishi Estate Co., Ltd. | 1,645,700 | 25,925 | |
848,226 | |||
Total common stocks (cost: $85,526,069,000) | 131,477,640 | ||
Preferred securities 0.35% Consumer discretionary 0.19% | |||
Dr. Ing. h.c. F. Porsche AG, nonvoting non-registered preferred shares | 3,579,772 | 266,141 | |
Financials 0.09% | |||
Itaú Unibanco Holding SA, preferred nominative shares | 20,181,136 | 117,005 | |
Health care 0.04% | |||
Sartorius AG, nonvoting non-registered preferred shares | 146,715 | 34,386 | |
Grifols, SA, Class B, nonvoting non-registered preferred shares1 | 2,587,309 | 15,962 | |
50,348 |
EuroPacific Growth Fund — Page 7 of 13
unaudited
Preferred securities (continued) Information technology 0.03% | Shares | Value (000) | |
Samsung Electronics Co., Ltd., nonvoting preferred shares | 936,000 | $42,983 | |
Canva, Inc., Series A, noncumulative preferred shares1,3,4 | 3,308 | 3,528 | |
Canva, Inc., Series A-3, noncumulative preferred shares1,3,4 | 133 | 142 | |
Canva, Inc., Series A-4, noncumulative preferred shares1,3,4 | 11 | 12 | |
Canva, Inc., Series A-5, noncumulative preferred shares1,3,4 | 9 | 10 | |
46,675 | |||
Total preferred securities (cost: $524,819,000) | 480,169 | ||
Rights & warrants 0.02% Consumer discretionary 0.02% | |||
Midea Group Co., Ltd., warrants, expire 3/19/20251,7 | 2,433,700 | 21,611 | |
Information technology 0.00% | |||
Constellation Software, Inc., warrants, expire 3/31/20401,3 | 108,820 | — 6 | |
Total rights & warrants (cost: $20,698,000) | 21,611 | ||
Short-term securities 3.43% Money market investments 3.37% | |||
Capital Group Central Cash Fund 5.37%5,8 | 45,842,879 | 4,584,288 | |
Money market investments purchased with collateral from securities on loan 0.06% | |||
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 5.23%8,9 | 12,948,804 | 12,949 | |
Dreyfus Treasury Obligations Cash Management, Institutional Shares 5.18%8,9 | 11,700,000 | 11,700 | |
Capital Group Central Cash Fund 5.37%5,8,9 | 116,897 | 11,689 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.25%8,9 | 9,200,000 | 9,200 | |
BlackRock Liquidity Funds – FedFund, Institutional Shares 5.21%8,9 | 8,400,000 | 8,400 | |
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.22%8,9 | 8,400,000 | 8,400 | |
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 5.22%8,9 | 8,400,000 | 8,400 | |
Fidelity Investments Money Market Government Portfolio, Class I 5.21%8,9 | 6,700,000 | 6,700 | |
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 5.23%8,9 | 6,700,000 | 6,700 | |
84,138 | |||
Total short-term securities (cost: $4,668,294,000) | 4,668,426 | ||
Total investment securities 100.45% (cost: $90,739,880,000) | 136,647,846 | ||
Other assets less liabilities (0.45)% | (608,362 ) | ||
Net assets 100.00% | $136,039,484 |
EuroPacific Growth Fund — Page 8 of 13
unaudited
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 6/30/2024 (000) | |||
Currency purchased (000) | Currency sold (000) | |||||
USD | 1,436 | CAD | 1,964 | JPMorgan Chase | 7/3/2024 | $1 |
Investments in affiliates5
Value at 4/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 6/30/2024 (000) | Dividend or interest income (000) | |
Common stocks 3.67% | |||||||
Industrials 1.22% | |||||||
Kingspan Group PLC | $942,325 | $18,229 | $— | $— | $(68,359 ) | $892,195 | $2,956 |
Melrose Industries PLC | 936,166 | — | — | — | (166,485 ) | 769,681 | — |
1,661,876 | |||||||
Consumer discretionary 1.37% | |||||||
Flutter Entertainment PLC1 | 2,113,655 | — | 87,449 | (6,685 ) | (153,690 ) | 1,865,831 | — |
Dowlais Group PLC10 | 92,065 | — | 92,702 | (116,419 ) | 117,056 | — | 1,072 |
1,865,831 | |||||||
Materials 0.86% | |||||||
First Quantum Minerals, Ltd. | 509,207 | 12,669 | — | — | 115,040 | 636,916 | — |
Lundin Mining Corp. | 475,599 | 17,456 | — | — | 41,271 | 534,326 | 3,158 |
1,171,242 | |||||||
Utilities 0.00% | |||||||
ENN Energy Holdings, Ltd.11 | 437,790 | — | 50,863 | (6,607 ) | 39,359 | — | 16,547 |
Real estate 0.22% | |||||||
ESR Group, Ltd.2 | 238,990 | — | — | — | 54,166 | 293,156 | 3,577 |
Total common stocks | 4,992,105 | ||||||
Short-term securities 3.38% | |||||||
Money market investments 3.37% | |||||||
Capital Group Central Cash Fund 5.37%8 | 4,531,065 | 4,510,844 | 4,459,427 | 7 | 1,799 | 4,584,288 | 53,927 |
Money market investments purchased with collateral from securities on loan 0.01% | |||||||
Capital Group Central Cash Fund 5.37%8,9 | 16,903 | 5,214 12 | 11,689 | — 13 | |||
Total short-term securities | 4,595,977 | ||||||
Total 7.05% | $(129,704 ) | $(19,843 ) | $9,588,082 | $81,237 |
Restricted securities4
Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets | |
Ivanhoe Mines, Ltd., Class A1 | 12/18/2023 | $230,721 | $331,897 | .25 % |
Canva, Inc.1,3 | 8/26/2021-11/4/2021 | 64,403 | 40,297 | .03 |
Canva, Inc., Series A, noncumulative preferred shares1,3 | 11/4/2021 | 5,639 | 3,528 | .00 14 |
Canva, Inc., Series A-3, noncumulative preferred shares1,3 | 11/4/2021 | 227 | 142 | .00 14 |
Canva, Inc., Series A-4, noncumulative preferred shares1,3 | 11/4/2021 | 19 | 12 | .00 14 |
EuroPacific Growth Fund — Page 9 of 13
unaudited
Restricted securities4 (continued)
Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets | |
Canva, Inc., Series A-5, noncumulative preferred shares1,3 | 11/4/2021 | $15 | $10 | .00 %14 |
Checkout Payments Group, Ltd., Class B1,3 | 1/11/2022 | 148,840 | 43,063 | .03 |
Total | $449,864 | $418,949 | .31 % |
1 | Security did not produce income during the last 12 months. |
2 | All or a portion of this security was on loan. The total value of all such securities was $208,990,000, which represented .15% of the net assets of the fund. |
3 | Value determined using significant unobservable inputs. |
4 | Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933. The total value of all such restricted securities was $418,949,000, which represented .31% of the net assets of the fund. |
5 | 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. |
6 | Amount less than one thousand. |
7 | Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $21,611,000, which represented .02% of the net assets of the fund. |
8 | Rate represents the seven-day yield at 6/30/2024. |
9 | Security purchased with cash collateral from securities on loan. |
10 | Affiliated issuer during the reporting period but no longer held at 6/30/2024. |
11 | Affiliated issuer during the reporting period but no longer an affiliate at 6/30/2024. Refer to the investment portfolio for the security value at 6/30/2024. |
12 | Represents net activity. |
13 | Dividend income is included with securities lending income and is not shown in this table. |
14 | Amount less than .01%. |
EuroPacific Growth Fund — Page 10 of 13
unaudited
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
Fixed-income class | Examples of standard inputs |
All | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) |
Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
Mortgage-backed; asset-backed obligations | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information |
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. The average month-end notional amount of open forward currency contracts while held was $1,436,000.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the board of 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, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
EuroPacific Growth Fund — Page 11 of 13
unaudited
Processes and structure — The fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following tables presents the fund’s valuation levels as of June 30, 2024 (dollars in thousands):
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $2,593,225 | $22,843,746 | $40,297 | $25,477,268 |
Industrials | 1,500,353 | 20,762,263 | — | 22,262,616 |
Financials | 3,223,445 | 15,342,894 | 43,063 | 18,609,402 |
Health care | 780,918 | 15,701,482 | — | 16,482,400 |
Consumer discretionary | 4,953,373 | 10,805,736 | — | 15,759,109 |
Materials | 3,679,290 | 7,436,751 | — | 11,116,041 |
Energy | 3,120,968 | 4,256,431 | — * | 7,377,399 |
Consumer staples | 1,081,589 | 5,983,437 | — | 7,065,026 |
Communication services | 44,859 | 5,292,504 | — | 5,337,363 |
Utilities | 122,947 | 1,019,843 | — | 1,142,790 |
Real estate | 90,810 | 757,416 | — | 848,226 |
Preferred securities | 117,005 | 359,472 | 3,692 | 480,169 |
Rights & warrants | — | 21,611 | — * | 21,611 |
Short-term securities | 4,668,426 | — | — | 4,668,426 |
Total | $25,977,208 | $110,583,586 | $87,052 | $136,647,846 |
Other investments† | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on open forward currency contracts | $— | $— * | $— | $— * |
Total | $— | $— * | $— | $— * |
*
Amount less than one thousand.
†
Forward currency contracts are not included in the fund’s investment portfolio.
EuroPacific Growth Fund — Page 12 of 13
unaudited
Key to abbreviation(s) |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
EUR = Euros |
REIT = Real Estate Investment Trust |
USD = U.S. dollars |
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.
© 2024 Capital Group. All rights reserved.
MFGEFP1-016-0824
EuroPacific Growth Fund — Page 13 of 13