unaudited
Growth funds 80.00% | Shares | Value (000) | |
American Funds Insurance Series - Global Growth Fund, Class 1 | 548,661 | $23,877 | |
American Funds Insurance Series - Growth Fund, Class 1 | 135,886 | 16,132 | |
American Funds Insurance Series - Global Small Capitalization Fund, Class 1 | 345,811 | 12,017 | |
American Funds Insurance Series - International Fund, Class 1 | 336,416 | 8,128 | |
American Funds Insurance Series - New World Fund, Class 1 | 126,188 | 4,043 | |
Total growth funds (cost: $50,337,000) | 64,197 | ||
Growth-and-income funds 20.09% | |||
American Funds Insurance Series - Capital World Growth and Income Fund, Class 1 | 919,602 | 16,121 | |
Total growth-and-income funds (cost: $12,838,000) | 16,121 | ||
Total investment securities 100.09% (cost: $63,175,000) | 80,318 | ||
Other assets less liabilities (0.09)% | (69) | ||
Net assets 100.00% | $80,249 |
Investments in affiliates1
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 80.00% | ||||||||
American Funds Insurance Series - Global Growth Fund, Class 1 | $21,216 | $3,322 | $1,921 | $38 | $1,222 | $23,877 | $67 | $1,168 |
American Funds Insurance Series - Growth Fund, Class 1 | 7,086 | 10,911 | 1,167 | (22) | (676) | 16,132 | 20 | 2,070 |
American Funds Insurance Series - Global Small Capitalization Fund, Class 1 | 7,053 | 5,527 | 1,018 | 60 | 395 | 12,017 | — | 263 |
American Funds Insurance Series - International Fund, Class 1 | — | 8,646 | 427 | 1 | (92) | 8,128 | 5 | — |
American Funds Insurance Series - New World Fund, Class 1 | 14,201 | 1,624 | 12,633 | 3,456 | (2,605) | 4,043 | 10 | 126 |
64,197 | ||||||||
Growth-and-income funds 20.09% | ||||||||
American Funds Insurance Series - Capital World Growth and Income Fund, Class 12 | 21,175 | 3,082 | 9,480 | 1,117 | 227 | 16,121 | 35 | 349 |
Total 100.09% | $4,650 | $(1,529) | $80,318 | $137 | $3,976 |
1 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
2 | This fund changed its name during the reporting period. |
American Funds Insurance Series
— Portfolio Series — American Funds Global Growth Portfolio — Page 1 of 13
unaudited
Growth funds 9.92% | Shares | Value (000) | |
American Funds Insurance Series - Growth Fund, Class 1 | 291,119 | $34,562 | |
Total growth funds (cost: $21,322,000) | 34,562 | ||
Growth-and-income funds 39.69% | |||
American Funds Insurance Series - Growth-Income Fund, Class 1 | 1,104,911 | 69,179 | |
American Funds Insurance Series - Capital World Growth and Income Fund, Class 1 | 3,938,685 | 69,045 | |
Total growth-and-income funds (cost: $115,448,000) | 138,224 | ||
Asset allocation funds 9.95% | |||
American Funds Insurance Series - Asset Allocation Fund, Class 1 | 1,245,290 | 34,656 | |
Total asset allocation funds (cost: $35,958,000) | 34,656 | ||
Equity-income funds 10.02% | |||
American Funds Insurance Series - Capital Income Builder, Series 1 | 3,019,969 | 34,911 | |
Total equity-income funds (cost: $29,405,000) | 34,911 | ||
Fixed income funds 30.50% | |||
American Funds Insurance Series - The Bond Fund of America, Class 1 | 9,365,787 | 106,207 | |
Total fixed income funds (cost: $106,016,000) | 106,207 | ||
Total investment securities 100.08% (cost: $308,149,000) | 348,560 | ||
Other assets less liabilities (0.08)% | (293) | ||
Net assets 100.00% | $348,267 |
American Funds Insurance Series — Portfolio
Series — American Funds Growth and Income Portfolio — Page 2 of 13
unaudited
Investments in affiliates1
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 9.92% | ||||||||
American Funds Insurance Series - Growth Fund, Class 1 | $47,994 | $8,697 | $23,298 | $7,750 | $(6,581) | $34,562 | $42 | $4,399 |
Growth-and-income funds 39.69% | ||||||||
American Funds Insurance Series - Growth-Income Fund, Class 1 | 63,229 | 2,412 | 4,500 | 446 | 7,592 | 69,179 | 274 | 656 |
American Funds Insurance Series - Capital World Growth and Income Fund, Class 12 | 32,134 | 38,377 | 1,850 | 115 | 269 | 69,045 | 149 | 1,476 |
138,224 | ||||||||
Asset allocation funds 9.95% | ||||||||
American Funds Insurance Series - Asset Allocation Fund, Class 1 | — | 36,031 | 71 | (2) | (1,302) | 34,656 | 112 | 1,104 |
Equity-income funds 10.02% | ||||||||
American Funds Insurance Series - Capital Income Builder, Series 1 | 77,836 | 3,811 | 52,929 | 7,320 | (1,127) | 34,911 | 826 | — |
Fixed income funds 30.50% | ||||||||
American Funds Insurance Series - The Bond Fund of America, Class 12 | 61,459 | 51,072 | 2,127 | (32) | (4,165) | 106,207 | 236 | 4,115 |
American Funds Insurance Series - Capital World Bond Fund, Class 1 | 30,327 | 4,040 | 33,662 | 1,979 | (2,684) | — | — | — |
106,207 | ||||||||
Total 100.08% | $17,576 | $(7,998) | $348,560 | $1,639 | $11,750 |
1 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
2 | This fund changed its name during the reporting period. |
American Funds Insurance Series
— Portfolio Series — American Funds Growth and Income Portfolio — Page 3 of 13
unaudited
Growth funds 54.37% | Shares | Value (000) | |
American Funds Insurance Series – Growth Fund, Class 1 | 4,795,679 | $569,343 | |
American Funds Insurance Series – Global Growth Fund, Class 1 | 6,495,772 | 282,696 | |
American Funds Insurance Series – Global Small Capitalization Fund, Class 1 | 5,416,694 | 188,230 | |
Total growth funds (cost: $895,632,000) | 1,040,269 | ||
Growth-and-income funds 20.08% | |||
American Funds Insurance Series – Growth-Income Fund, Class 1 | 4,588,796 | 287,304 | |
American Funds Insurance Series – Washington Mutual Investors Fund, Class 1 | 5,920,165 | 96,854 | |
Total growth-and-income funds (cost: $291,569,000) | 384,158 | ||
Fixed income funds 20.54% | |||
American Funds Insurance Series – The Bond Fund of America, Class 1 | 34,647,939 | 392,908 | |
Total fixed income funds (cost: $405,957,000) | 392,908 | ||
Short-term securities 4.67% | |||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%1 | 89,324,072 | 89,324 | |
Total short-term securities (cost: $89,324,000) | 89,324 | ||
Options purchased 0.28% | |||
Options purchased* | 5,394 | ||
Total options purchased (cost: $8,901,000) | 5,394 | ||
Total investment securities 99.94% (cost: $1,691,383,000) | 1,912,053 | ||
Other assets less liabilities 0.06% | 1,112 | ||
Net assets 100.00% | $1,913,165 |
*Options purchased
Put
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 9/30/2021 (000) |
S&P 500 Index | 2,934 | $1,263,832 | $2,950.00 | 12/17/2021 | $3,814 |
S&P 500 Index | 3 | 1,292 | 2,775.00 | 3/18/2022 | 6 |
S&P 500 Index | 127 | 54,706 | 2,800.00 | 3/18/2022 | 275 |
S&P 500 Index | 47 | 20,245 | 2,825.00 | 3/18/2022 | 98 |
S&P 500 Index | 50 | 21,538 | 2,850.00 | 3/18/2022 | 124 |
S&P 500 Index | 69 | 29,722 | 2,875.00 | 3/18/2022 | 170 |
American Funds Insurance Series — Portfolio
Series — American Funds Managed Risk Growth Portfolio — Page 4 of 13
unaudited
*Options purchased (continued)
Put (continued)
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 9/30/2021 (000) |
S&P 500 Index | 66 | $28,430 | $2,925.00 | 3/18/2022 | $162 |
S&P 500 Index | 75 | 32,307 | 2,975.00 | 3/18/2022 | 218 |
S&P 500 Index | 44 | 18,953 | 3,050.00 | 3/18/2022 | 148 |
S&P 500 Index | 10 | 4,307 | 2,750.00 | 6/17/2022 | 38 |
S&P 500 Index | 86 | 37,045 | 2,800.00 | 6/17/2022 | 341 |
$5,394 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount2 (000) | Value at 9/30/20213 (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 870 | December 2021 | $87,000 | $106,786 | $(527) |
S&P 500 E-mini Index Contracts | Long | 170 | December 2021 | 8 | 36,531 | (756) |
Mini MSCI Emerging Market Index Contracts | Short | 10 | December 2021 | 1 | (623) | —4 |
Russell 2000 Mini Index Contracts | Short | 4 | December 2021 | —4 | (440) | —4 |
S&P Mid 400 E-mini Index Contracts | Short | 1 | December 2021 | —4 | (264) | —4 |
$(1,283) |
Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 54.37% | ||||||||
American Funds Insurance Series – Growth Fund, Class 1 | $438,852 | $236,736 | $97,949 | $39,919 | $(48,215) | $569,343 | $693 | $71,785 |
American Funds Insurance Series – Global Growth Fund, Class 1 | — | 303,468 | 14,193 | 117 | (6,696) | 282,696 | 773 | 13,521 |
American Funds Insurance Series – Global Small Capitalization Fund, Class 1 | 175,207 | 46,436 | 45,711 | 15,714 | (3,416) | 188,230 | — | 4,025 |
American Funds Insurance Series – International Fund, Class 1 | 175,207 | 18,170 | 199,925 | 50,359 | (43,811) | — | — | — |
1,040,269 | ||||||||
Growth-and-income funds 20.08% | ||||||||
American Funds Insurance Series – Growth-Income Fund, Class 1 | 352,083 | 24,240 | 133,167 | 32,997 | 11,151 | 287,304 | 1,121 | 2,689 |
American Funds Insurance Series – Washington Mutual Investors Fund, Class 16 | 175,207 | 14,201 | 116,995 | 36,398 | (11,957) | 96,854 | 354 | — |
384,158 | ||||||||
Fixed income funds 20.54% | ||||||||
American Funds Insurance Series – The Bond Fund of America, Class 16 | 352,083 | 126,043 | 68,088 | 1,599 | (18,729) | 392,908 | 861 | 15,015 |
Total 94.99% | $177,103 | $(121,673) | $1,817,335 | $3,802 | $107,035 |
American Funds Insurance Series
— Portfolio Series — American Funds Managed Risk Growth Portfolio — Page 5 of 13
unaudited
1 | Rate represents the seven-day yield at 9/30/2021. |
2 | Notional amount is calculated based on the number of contracts and notional contract size. |
3 | Value is calculated based on the notional amount and current market price. |
4 | Amount less than one thousand. |
5 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
6 | This fund changed its name during the reporting period. |
American Funds Insurance Series
— Portfolio Series — American Funds Managed Risk Growth Portfolio — Page 6 of 13
unaudited
Growth funds 9.85% | Shares | Value (000) | |
American Funds Insurance Series – Growth Fund, Class 1 | 1,215,452 | $144,299 | |
Total growth funds (cost: $125,559,000) | 144,299 | ||
Growth-and-income funds 49.59% | |||
American Funds Insurance Series – Growth-Income Fund, Class 1 | 5,805,459 | 363,480 | |
American Funds Insurance Series – Capital World Growth and Income Fund, Class 1 | 20,692,782 | 362,744 | |
Total growth-and-income funds (cost: $587,738,000) | 726,224 | ||
Asset allocation funds 5.03% | |||
American Funds Insurance Series – Asset Allocation Fund, Class 1 | 2,644,219 | 73,589 | |
Total asset allocation funds (cost: $76,359,000) | 73,589 | ||
Equity-income funds 15.10% | |||
American Funds Insurance Series – Capital Income Builder Fund, Class 1 | 19,128,302 | 221,123 | |
Total equity-income funds (cost: $188,926,000) | 221,123 | ||
Fixed income funds 15.29% | |||
American Funds Insurance Series – The Bond Fund of America, Class 1 | 19,743,886 | 223,896 | |
Total fixed income funds (cost: $231,264,000) | 223,896 | ||
Short-term securities 4.74% | |||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%1 | 69,487,283 | 69,487 | |
Total short-term securities (cost: $69,487,000) | 69,487 | ||
Options purchased 0.33% | |||
Options purchased* | 4,771 | ||
Total options purchased (cost: $7,859,000) | 4,771 | ||
Total investment securities 99.93% (cost: $1,287,192,000) | 1,463,389 | ||
Other assets less liabilities 0.07% | 1,052 | ||
Net assets 100.00% | $1,464,441 |
American Funds Insurance Series — Portfolio
Series — American Funds Managed Risk Growth and Income Portfolio — Page 7 of 13
unaudited
*Options purchased
Put
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 9/30/2021 (000) |
S&P 500 Index | 2,584 | $1,113,068 | $2,950.00 | 12/17/2021 | $3,359 |
S&P 500 Index | 9 | 3,877 | 2,725.00 | 3/18/2022 | 17 |
S&P 500 Index | 25 | 10,769 | 2,775.00 | 3/18/2022 | 52 |
S&P 500 Index | 67 | 28,860 | 2,800.00 | 3/18/2022 | 145 |
S&P 500 Index | 22 | 9,477 | 2,825.00 | 3/18/2022 | 46 |
S&P 500 Index | 103 | 44,368 | 2,850.00 | 3/18/2022 | 255 |
S&P 500 Index | 56 | 24,122 | 2,875.00 | 3/18/2022 | 138 |
S&P 500 Index | 55 | 23,691 | 2,925.00 | 3/18/2022 | 134 |
S&P 500 Index | 66 | 28,430 | 2,975.00 | 3/18/2022 | 192 |
S&P 500 Index | 7 | 3,015 | 3,000.00 | 3/18/2022 | 21 |
S&P 500 Index | 4 | 1,723 | 3,025.00 | 3/18/2022 | 13 |
S&P 500 Index | 42 | 18,092 | 3,050.00 | 3/18/2022 | 141 |
S&P 500 Index | 65 | 27,999 | 2,800.00 | 6/17/2022 | 258 |
$4,771 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount2 (000) | Value at 9/30/20213 (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 681 | December 2021 | $68,100 | $83,587 | $(400) |
S&P 500 E-mini Index Contracts | Long | 147 | December 2021 | 7 | 31,588 | (454) |
Russell 2000 Mini Index Contracts | Short | 1 | December 2021 | —4 | (110) | —4 |
S&P Mid 400 E-mini Index Contracts | Short | 1 | December 2021 | —4 | (263) | 1 |
Mini MSCI Emerging Market Index Contracts | Short | 11 | December 2021 | (1) | (685) | —4 |
British Pound Currency Contracts | Short | 1 | December 2021 | £(62) | (84) | 1 |
Euro Currency Contracts | Short | 1 | December 2021 | €(125) | (145) | 2 |
$(850) |
Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 9.85% | ||||||||
American Funds Insurance Series – Growth Fund, Class 1 | $208,784 | $56,244 | $126,336 | $54,875 | $(49,268) | $144,299 | $181 | $18,772 |
Growth-and-income funds 49.59% | ||||||||
American Funds Insurance Series – Growth-Income Fund, Class 1 | 278,820 | 89,558 | 40,691 | 9,226 | 26,567 | 363,480 | 1,466 | 3,518 |
American Funds Insurance Series – Capital World Growth and Income Fund, Class 16 | 278,819 | 107,699 | 35,745 | 5,951 | 6,020 | 362,744 | 799 | 7,919 |
726,224 |
American Funds Insurance Series — Portfolio
Series — American Funds Managed Risk Growth and Income Portfolio — Page 8 of 13
unaudited
Investments in affiliates5 (continued)
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Asset allocation funds 5.03% | ||||||||
American Funds Insurance Series – Asset Allocation Fund, Class 1 | $— | $77,877 | $1,496 | $(21) | $(2,771) | $73,589 | $242 | $2,385 |
Equity-income funds 15.10% | ||||||||
American Funds Insurance Series – Capital Income Builder Fund, Class 1 | 346,212 | 25,882 | 176,295 | 24,242 | 1,082 | 221,123 | 4,363 | — |
Fixed income funds 15.29% | ||||||||
American Funds Insurance Series – The Bond Fund of America, Class 16 | 104,392 | 153,762 | 25,623 | (148) | (8,487) | 223,896 | 507 | 8,838 |
American Funds Insurance Series – Capital World Bond Fund, Class 1 | 104,392 | 15,187 | 117,101 | 3,522 | (6,000) | — | — | — |
223,896 | ||||||||
Total 94.86% | $97,647 | $(32,857) | $1,389,131 | $7,558 | $41,432 |
1 | Rate represents the seven-day yield at 9/30/2021. |
2 | Notional amount is calculated based on the number of contracts and notional contract size. |
3 | Value is calculated based on the notional amount and current market price. |
4 | Amount less than one thousand. |
5 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
6 | This fund changed its name during the reporting period. |
Key to symbols |
£ = British pounds |
€ = Euros |
$ = U.S. dollars |
American Funds Insurance Series — Portfolio
Series — American Funds Managed Risk Growth and Income Portfolio — Page 9 of 13
unaudited
Growth funds 24.50% | Shares | Value (000) | |
American Funds Insurance Series – Global Growth Fund, Class 1 | 2,590,581 | $112,742 | |
Total growth funds (cost: $97,926,000) | 112,742 | ||
Growth-and-income funds 20.02% | |||
American Funds Insurance Series – Capital World Growth and Income Fund, Class 1 | 5,253,629 | 92,096 | |
Total growth-and-income funds (cost: $72,122,000) | 92,096 | ||
Asset allocation funds 10.03% | |||
American Funds Insurance Series – Asset Allocation Fund, Class 1 | 1,658,270 | 46,150 | |
Total asset allocation funds (cost: $39,020,000) | 46,150 | ||
Balanced funds 25.05% | |||
American Funds Insurance Series – Global Balanced Fund, Class 1 | 7,783,172 | 115,269 | |
Total balanced funds (cost: $101,022,000) | 115,269 | ||
Fixed income funds 15.31% | |||
American Funds Insurance Series – Capital World Bond Fund, Class 1 | 5,835,579 | 70,435 | |
Total fixed income funds (cost: $71,217,000) | 70,435 | ||
Short-term securities 4.77% | |||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%1 | 21,938,456 | 21,938 | |
Total short-term securities (cost: $21,938,000) | 21,938 | ||
Options purchased 0.27% | |||
Options purchased* | 1,231 | ||
Total options purchased (cost: $2,002,000) | 1,231 | ||
Total investment securities 99.95% (cost: $405,247,000) | 459,861 | ||
Other assets less liabilities 0.05% | 217 | ||
Net assets 100.00% | $460,078 |
American Funds Insurance Series — Portfolio
Series — American Funds Managed Risk Global Allocation Portfolio — Page 10 of 13
unaudited
*Options purchased
Put
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 9/30/2021 (000) |
S&P 500 Index | 644 | $277,405 | $2,950.00 | 12/17/2021 | $837 |
S&P 500 Index | 4 | 1,723 | 2,725.00 | 3/18/2022 | 8 |
S&P 500 Index | 8 | 3,446 | 2,775.00 | 3/18/2022 | 17 |
S&P 500 Index | 3 | 1,292 | 2,800.00 | 3/18/2022 | 7 |
S&P 500 Index | 10 | 4,307 | 2,825.00 | 3/18/2022 | 21 |
S&P 500 Index | 22 | 9,477 | 2,850.00 | 3/18/2022 | 54 |
S&P 500 Index | 24 | 10,338 | 2,875.00 | 3/18/2022 | 59 |
S&P 500 Index | 25 | 10,769 | 2,925.00 | 3/18/2022 | 61 |
S&P 500 Index | 13 | 5,600 | 2,975.00 | 3/18/2022 | 38 |
S&P 500 Index | 9 | 3,877 | 3,050.00 | 3/18/2022 | 30 |
S&P 500 Index | 25 | 10,769 | 2,800.00 | 6/17/2022 | 99 |
$1,231 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount2 (000) | Value at 9/30/20213 (000) | Unrealized depreciation at 9/30/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 213 | December 2021 | $21,300 | $26,144 | $(120) |
S&P 500 E-mini Index Contracts | Long | 46 | December 2021 | 2 | 9,885 | (217) |
$(337) |
Investments in affiliates4
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 24.50% | ||||||||
American Funds Insurance Series – Global Growth Fund, Class 1 | $67,483 | $60,565 | $18,349 | $6,522 | $(3,479) | $112,742 | $320 | $5,590 |
American Funds Insurance Series – International Fund, Class 1 | 44,846 | 4,270 | 50,778 | 12,484 | (10,822) | — | — | — |
112,742 | ||||||||
Growth-and-income funds 20.02% | ||||||||
American Funds Insurance Series – Capital World Growth and Income Fund, Class 15 | 90,119 | 8,695 | 11,304 | 2,229 | 2,357 | 92,096 | 203 | 2,011 |
Asset allocation funds 10.03% | ||||||||
American Funds Insurance Series – Asset Allocation Fund, Class 1 | 44,846 | 4,177 | 5,060 | 897 | 1,290 | 46,150 | 151 | 1,494 |
Balanced funds 25.05% | ||||||||
American Funds Insurance Series – Global Balanced Fund, Class 1 | 112,329 | 7,097 | 8,963 | 1,810 | 2,996 | 115,269 | 164 | 500 |
Fixed income funds 15.31% | ||||||||
American Funds Insurance Series – Capital World Bond Fund, Class 1 | 67,483 | 17,589 | 9,887 | 582 | (5,332) | 70,435 | 374 | 1,722 |
Total 94.91% | $24,524 | $(12,990) | $436,692 | $1,212 | $11,317 |
American Funds Insurance Series
— Portfolio Series — American Funds Managed Risk Global Allocation Portfolio — Page 11 of 13
unaudited
1 | Rate represents the seven-day yield at 9/30/2021. |
2 | Notional amount is calculated based on the number of contracts and notional contract size. |
3 | Value is calculated based on the notional amount and current market price. |
4 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
5 | This fund changed its name during the reporting period. |
American Funds Insurance Series
— Portfolio Series — American Funds Managed Risk Global Allocation Portfolio — Page 12 of 13
unaudited
Valuation disclosures
Security valuation — The net asset value of each share class of each fund is calculated based on the reported net asset values of the underlying funds in which each fund invests. The net asset value of
each underlying fund is calculated based on the policies and procedures of the underlying fund contained in each underlying fund’s statement of additional information. The net asset value per share of each fund
and each underlying fund 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. State Street
Institutional U.S. Government Money Market Fund held by the managed risk funds is managed to maintain a $1.00 net asset value per share. Exchange-traded options and futures are generally valued at the official
closing price for options and official settlement price for futures of the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. The average
month-end notional amount of option contracts while held by Managed Risk Growth Portfolio, Managed Risk Growth and Income Portfolio and Managed Risk Global Allocation Portfolio was $1,441,946,000, $1,278,219,000 and
$320,704,000, respectively. The average month-end notional amount of futures contracts while held by Managed Risk Growth Portfolio, Managed Risk Growth and Income Portfolio and Managed Risk Global Allocation Portfolio
was $350,370,000, $220,322,000 and $50,811,000, respectively.
Processes and structure — The series’ board of trustees has delegated authority to the series’ investment adviser to make fair value determinations, subject to board oversight. The investment
adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair
Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews
changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair
Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees. The series’ board and audit committee also regularly review reports that describe fair value determinations and
methods. 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 series’ investment adviser classifies each fund’s assets and liabilities into three levels based on the method 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. 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.
At September 30, 2021, all of the investments held by each fund were classified as Level 1.
At September 30, 2021, all of the investments held by each fund were classified as Level 1.
Investments are not FDIC-insured, nor
are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider
investment objectives, risks, charges and expenses. This and other important information is contained in the series prospectus and summary prospectuses, which can be obtained from your financial professional and
should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the American Funds website at capitalgroup.com. Fund shares offered through American Funds
Distributors, Inc.
All Capital Group trademarks
mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc.,
member FINRA.
© 2021 Capital Group. All
rights reserved.
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