unaudited
Common stocks 93.05% Information technology 32.43% | Shares | Value (000) | |
ASML Holding NV1 | 551,562 | $406,872 | |
ASML Holding NV (New York registered) (ADR) | 289,400 | 215,635 | |
Microsoft Corp. | 1,902,900 | 536,465 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 24,207,000 | 499,174 | |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 140,000 | 15,631 | |
PayPal Holdings, Inc.2 | 846,600 | 220,294 | |
Adyen NV1,2 | 61,500 | 171,004 | |
Broadcom, Inc. | 212,200 | 102,902 | |
Adobe, Inc.2 | 135,000 | 77,722 | |
Applied Materials, Inc. | 520,137 | 66,957 | |
MongoDB, Inc., Class A2 | 139,000 | 65,540 | |
PagSeguro Digital, Ltd., Class A2 | 1,094,000 | 56,582 | |
EPAM Systems, Inc.2 | 97,100 | 55,394 | |
Amphenol Corp., Class A | 747,000 | 54,703 | |
Samsung Electronics Co., Ltd.1 | 785,100 | 48,864 | |
Zendesk, Inc.2 | 419,500 | 48,826 | |
Hexagon AB, Class B1 | 3,136,000 | 48,320 | |
Fiserv, Inc.2 | 425,503 | 46,167 | |
Keyence Corp.1 | 72,300 | 43,321 | |
Advanced Micro Devices, Inc.2 | 301,500 | 31,024 | |
DocuSign, Inc.2 | 106,750 | 27,481 | |
Mastercard, Inc., Class A | 67,500 | 23,468 | |
Visa, Inc., Class A | 70,197 | 15,636 | |
Network International Holdings PLC1,2 | 3,173,000 | 15,523 | |
Amadeus IT Group SA, Class A, non-registered shares1,2 | 212,301 | 13,947 | |
NVIDIA Corp. | 67,000 | 13,880 | |
Sinch AB2 | 688,380 | 12,943 | |
Sinch AB1,2 | 47,224 | 910 | |
TeamViewer AG1,2 | 428,000 | 12,620 | |
Worldline SA, non-registered shares1,2 | 152,800 | 11,658 | |
Thoughtworks Holding, Inc.2 | 405,927 | 11,654 | |
Jack Henry & Associates, Inc. | 69,400 | 11,386 | |
2,982,503 | |||
Consumer discretionary 18.10% | |||
Amazon.com, Inc.2 | 144,050 | 473,210 | |
Chipotle Mexican Grill, Inc.2 | 141,000 | 256,270 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 158,900 | 113,624 | |
Floor & Decor Holdings, Inc., Class A2 | 914,698 | 110,486 | |
Domino’s Pizza, Inc. | 196,700 | 93,818 | |
NIKE, Inc., Class B | 416,500 | 60,488 | |
Renault SA1,2 | 1,688,781 | 60,240 | |
Booking Holdings, Inc.2 | 24,600 | 58,397 | |
Prosus NV, Class N1 | 712,993 | 56,154 | |
Domino’s Pizza Enterprises, Ltd.1 | 430,000 | 49,577 | |
MercadoLibre, Inc.2 | 21,200 | 35,603 | |
Home Depot, Inc. | 92,275 | 30,290 |
American Funds Insurance Series — Global Growth Fund — Page 1 of 242
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Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Coupang, Inc., Class A2 | 1,055,604 | $29,399 | |
IDP Education, Ltd.1 | 1,119,000 | 27,527 | |
Sony Group Corp.1 | 243,000 | 27,061 | |
Stellantis NV1 | 1,327,055 | 25,391 | |
Xpeng, Inc., Class A (ADR)2 | 671,711 | 23,873 | |
Evolution AB1 | 140,000 | 21,281 | |
EssilorLuxottica1 | 102,335 | 19,568 | |
Entain PLC1,2 | 665,250 | 19,043 | |
YUM! Brands, Inc. | 120,000 | 14,677 | |
Moncler SpA1 | 217,370 | 13,295 | |
Marriott International, Inc., Class A2 | 74,000 | 10,959 | |
Melco Resorts & Entertainment, Ltd. (ADR)2 | 1,027,000 | 10,517 | |
Wynn Macau, Ltd.1,2 | 10,510,400 | 8,779 | |
MGM China Holdings, Ltd.1,2 | 12,708,000 | 7,871 | |
THG PLC1,2 | 1,026,870 | 6,966 | |
1,664,364 | |||
Health care 12.46% | |||
DexCom, Inc.2 | 253,000 | 138,355 | |
UnitedHealth Group, Inc. | 259,600 | 101,436 | |
Mettler-Toledo International, Inc.2 | 65,000 | 89,528 | |
AstraZeneca PLC1 | 674,300 | 81,175 | |
Pfizer, Inc. | 1,699,000 | 73,074 | |
Cigna Corp. | 316,600 | 63,371 | |
Regeneron Pharmaceuticals, Inc.2 | 95,036 | 57,514 | |
Fisher & Paykel Healthcare Corp., Ltd.1 | 2,188,000 | 48,110 | |
Merck & Co., Inc. | 620,000 | 46,568 | |
Tandem Diabetes Care, Inc.2 | 379,084 | 45,255 | |
NovoCure, Ltd.2 | 340,000 | 39,498 | |
Silk Road Medical, Inc.2 | 702,000 | 38,631 | |
Danaher Corp. | 110,000 | 33,488 | |
CVS Health Corp. | 371,000 | 31,483 | |
Catalent, Inc.2 | 200,000 | 26,614 | |
Zoetis, Inc., Class A | 130,000 | 25,238 | |
Humana, Inc. | 55,000 | 21,403 | |
Eli Lilly and Company | 92,000 | 21,257 | |
Dechra Pharmaceuticals PLC1 | 306,300 | 19,952 | |
Bayer AG1 | 363,860 | 19,846 | |
Olympus Corp.1 | 796,800 | 17,499 | |
bioMérieux SA1 | 135,000 | 15,332 | |
Novartis AG1 | 165,600 | 13,586 | |
Rede D’Or Sao Luiz SA | 1,073,663 | 13,389 | |
Genus PLC1 | 178,100 | 13,055 | |
Sanofi1 | 135,000 | 12,996 | |
Teladoc Health, Inc.2 | 79,000 | 10,018 | |
Vertex Pharmaceuticals, Inc.2 | 49,500 | 8,979 | |
Coloplast A/S, Class B1 | 55,750 | 8,738 | |
Zai Lab, Ltd. (ADR)2 | 69,900 | 7,367 | |
Organon & Co.2 | 62,000 | 2,033 | |
Viatris, Inc. | 110,678 | 1,500 | |
1,146,288 |
American Funds Insurance Series — Global Growth Fund — Page 2 of 242
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Common stocks (continued) Financials 9.08% | Shares | Value (000) | |
Tradeweb Markets, Inc., Class A | 1,685,360 | $136,143 | |
AIA Group, Ltd.1 | 10,340,400 | 119,061 | |
Kotak Mahindra Bank, Ltd.1,2 | 3,018,964 | 81,300 | |
JPMorgan Chase & Co. | 438,700 | 71,811 | |
Allfunds Group PLC1,2 | 2,890,300 | 55,582 | |
AXA SA1 | 1,692,893 | 47,096 | |
Citigroup, Inc. | 497,600 | 34,922 | |
Prudential PLC1 | 1,773,082 | 34,420 | |
Société Générale1 | 1,011,450 | 31,757 | |
Moscow Exchange MICEX-RTS PJSC1 | 12,640,000 | 30,180 | |
BlackRock, Inc. | 26,500 | 22,224 | |
HDFC Life Insurance Company, Ltd.1 | 2,289,515 | 22,218 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 3,254,000 | 22,080 | |
QBE Insurance Group, Ltd.1 | 2,132,000 | 17,786 | |
Aon PLC, Class A | 59,500 | 17,003 | |
Bank of America Corp. | 385,000 | 16,343 | |
FinecoBank SpA1,2 | 893,000 | 16,183 | |
CME Group, Inc., Class A | 76,437 | 14,781 | |
Macquarie Group, Ltd.1 | 101,500 | 13,317 | |
Sberbank of Russia PJSC (ADR)1 | 645,500 | 11,994 | |
Banco Santander, SA1 | 2,946,020 | 10,671 | |
Lufax Holding, Ltd. (ADR)2 | 966,000 | 6,743 | |
Jackson Financial, Inc., Class A2 | 44,327 | 1,153 | |
834,768 | |||
Communication services 8.28% | |||
Alphabet, Inc., Class A2 | 95,500 | 255,321 | |
Alphabet, Inc., Class C2 | 63,852 | 170,185 | |
Facebook, Inc., Class A2 | 710,030 | 240,977 | |
Sea, Ltd., Class A (ADR)2 | 140,451 | 44,766 | |
Tencent Holdings, Ltd.1 | 415,000 | 24,333 | |
Altice USA, Inc., Class A2 | 751,200 | 15,565 | |
Bumble, Inc., Class A2 | 217,500 | 10,871 | |
762,018 | |||
Consumer staples 5.60% | |||
British American Tobacco PLC1 | 2,585,800 | 90,217 | |
Philip Morris International, Inc. | 919,500 | 87,159 | |
Kweichow Moutai Co., Ltd., Class A1 | 269,957 | 76,484 | |
Ocado Group PLC1,2 | 2,881,000 | 64,077 | |
Altria Group, Inc. | 1,248,500 | 56,832 | |
Keurig Dr Pepper, Inc. | 1,624,000 | 55,476 | |
Nestlé SA1 | 313,500 | 37,720 | |
Costco Wholesale Corp. | 42,170 | 18,949 | |
Associated British Foods PLC1 | 595,000 | 14,784 | |
Mondelez International, Inc. | 225,000 | 13,090 | |
514,788 | |||
Industrials 3.24% | |||
DSV A/S1 | 201,000 | 47,988 | |
Airbus SE, non-registered shares1,2 | 327,000 | 42,933 | |
MTU Aero Engines AG1 | 167,000 | 37,761 | |
NIBE Industrier AB, Class B1 | 2,740,000 | 34,417 | |
Alliance Global Group, Inc.1 | 156,400,700 | 31,638 | |
GT Capital Holdings, Inc.1 | 2,454,611 | 24,478 |
American Funds Insurance Series — Global Growth Fund — Page 3 of 242
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Safran SA1 | 164,000 | $20,562 | |
Nidec Corp.1 | 149,100 | 16,540 | |
General Electric Co. | 157,500 | 16,227 | |
SMC Corp.1 | 22,500 | 14,077 | |
Boeing Company2 | 51,300 | 11,283 | |
297,904 | |||
Materials 1.84% | |||
Sherwin-Williams Company | 461,700 | 129,151 | |
Koninklijke DSM NV1 | 101,700 | 20,328 | |
Shin-Etsu Chemical Co., Ltd.1 | 119,500 | 20,156 | |
169,635 | |||
Energy 1.33% | |||
Reliance Industries, Ltd.1 | 1,623,617 | 54,907 | |
Reliance Industries, Ltd., interim shares1 | 106,956 | 2,686 | |
Gazprom PJSC (ADR)1 | 4,173,000 | 41,077 | |
LUKOIL Oil Co. PJSC (ADR)1 | 246,300 | 23,449 | |
122,119 | |||
Real estate 0.52% | |||
Country Garden Services Holdings Co., Ltd.1 | 3,539,706 | 27,778 | |
Goodman Logistics (HK), Ltd. REIT1 | 1,276,503 | 19,816 | |
47,594 | |||
Utilities 0.17% | |||
Ørsted AS1 | 115,825 | 15,282 | |
Total common stocks (cost: $4,223,115,000) | 8,557,263 | ||
Preferred securities 3.27% Health care 2.50% | |||
Sartorius AG, nonvoting non-registered preferred shares1 | 360,500 | 229,584 | |
Information technology 0.77% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 1,219,000 | 71,351 | |
Total preferred securities (cost: $66,753,000) | 300,935 | ||
Short-term securities 3.81% Money market investments 3.81% | |||
Capital Group Central Cash Fund 0.06%3,4 | 3,506,806 | 350,716 | |
Total short-term securities (cost: $350,699,000) | 350,716 | ||
Total investment securities 100.13% (cost: $4,640,567,000) | 9,208,914 | ||
Other assets less liabilities (0.13)% | (11,823) | ||
Net assets 100.00% | $9,197,091 |
American Funds Insurance Series — Global Growth Fund — Page 4 of 242
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Investments in affiliates4
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliate at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 3.81% | |||||||
Money market investments 3.81% | |||||||
Capital Group Central Cash Fund 0.06%3 | $125,696 | $1,132,552 | $907,529 | $(4) | $1 | $350,716 | $158 |
Money market investments purchased with collateral from securities on loan 0.00% | |||||||
Capital Group Central Cash Fund 0.06%3 | — | —5 | — | —6 | |||
Total short-term securities | 350,716 | ||||||
Total 3.81% | $(4) | $1 | $350,716 | $158 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $3,596,947,000, which represented 39.11% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | Rate represents the seven-day yield at 9/30/2021. |
4 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
5 | Represents net activity. |
6 | Dividend income is included with securities lending income and is not shown in this table. |
Key to abbreviation |
ADR = American Depositary Receipts |
American Funds Insurance Series — Global Growth Fund — Page 5 of 242
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Common stocks 94.23% Information technology 23.38% | Shares | Value (000) | |
Cree, Inc.1 | 1,166,056 | $94,136 | |
Ceridian HCM Holding, Inc.1 | 647,135 | 72,880 | |
PAR Technology Corp.1,2 | 938,204 | 57,709 | |
eMemory Technology, Inc.3 | 793,000 | 55,542 | |
Net One Systems Co., Ltd.3 | 1,616,556 | 53,240 | |
Silergy Corp.3 | 266,740 | 39,171 | |
BE Semiconductor Industries NV3 | 484,152 | 38,222 | |
Kingdee International Software Group Co., Ltd.1,3 | 10,717,074 | 35,480 | |
Olo, Inc., Class A1 | 1,020,670 | 30,651 | |
Qorvo, Inc.1 | 181,818 | 30,398 | |
Nordic Semiconductor ASA1,3 | 992,291 | 29,693 | |
SUMCO Corp.3 | 1,445,500 | 29,022 | |
Avalara, Inc.1 | 149,119 | 26,062 | |
MACOM Technology Solutions Holdings, Inc.1 | 380,000 | 24,651 | |
SHIFT, Inc.1,3 | 114,800 | 24,302 | |
Appfolio, Inc., Class A1 | 193,616 | 23,311 | |
Smartsheet, Inc., Class A1 | 337,600 | 23,234 | |
Bentley Systems, Inc., Class B | 377,101 | 22,867 | |
Globant SA1 | 81,000 | 22,762 | |
SimCorp AS3 | 187,352 | 22,067 | |
LEM Holding SA3 | 9,570 | 22,057 | |
Asana, Inc., Class A1 | 211,770 | 21,990 | |
Pegasystems, Inc. | 169,591 | 21,555 | |
Rapid7, Inc.1 | 182,297 | 20,603 | |
Tanla Platforms, Ltd.3 | 1,677,291 | 20,501 | |
ON Semiconductor Corp.1 | 395,000 | 18,079 | |
Euronet Worldwide, Inc.1 | 140,000 | 17,819 | |
Keywords Studios PLC1,3 | 440,000 | 17,276 | |
Silicon Laboratories, Inc.1 | 115,900 | 16,245 | |
Unimicron Technology Corp.3 | 3,409,007 | 15,869 | |
Marvell Technology, Inc. | 221,217 | 13,342 | |
IronNet, Inc., Class A1,3 | 754,000 | 12,470 | |
ALTEN SA, non-registered shares3 | 85,112 | 12,409 | |
Network International Holdings PLC1,3 | 2,494,284 | 12,202 | |
Aspen Technology, Inc.1 | 93,100 | 11,433 | |
Hennge KK1,2,3 | 212,200 | 11,233 | |
MongoDB, Inc., Class A1 | 23,300 | 10,986 | |
Cognex Corp. | 136,300 | 10,934 | |
Anaplan, Inc.1 | 163,300 | 9,943 | |
Computer Services, Inc. | 163,500 | 9,647 | |
GlobalWafers Co., Ltd.3 | 311,000 | 8,785 | |
INFICON Holding AG3 | 7,397 | 8,664 | |
SINBON Electronics Co., Ltd.3 | 944,000 | 7,952 | |
Megaport, Ltd.1,3 | 650,000 | 7,820 | |
Oneconnect Financial Technology Co., Ltd. (ADR)1,2 | 1,867,176 | 7,655 | |
Extreme Networks, Inc.1 | 678,378 | 6,682 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 6 of 242
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Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
DoubleVerify Holdings, Inc.1,2 | 188,100 | $6,425 | |
Okta, Inc., Class A1 | 25,463 | 6,043 | |
Appier Group, Inc.1,2,3 | 422,700 | 5,417 | |
Appier Group, Inc.1,3 | 35,300 | 466 | |
Lightspeed Commerce, Inc. SV, subordinate voting shares1 | 54,730 | 5,278 | |
Pexip Holding ASA1,3 | 627,882 | 5,052 | |
Digital Turbine, Inc.1 | 70,000 | 4,813 | |
Softcat PLC3 | 167,650 | 4,561 | |
BigCommerce Holdings, Inc., Series 11 | 90,000 | 4,558 | |
Linklogis, Inc., Class B1,2,3 | 4,434,615 | 4,525 | |
CCC Intelligent Solutions Holdings, Inc.1 | 404,600 | 4,252 | |
Semtech Corp.1 | 50,000 | 3,899 | |
Alkami Technology, Inc.1 | 156,207 | 3,855 | |
Bechtle AG, non-registered shares3 | 54,537 | 3,742 | |
Yotpo, Ltd.1,3,4,5,6 | 678,736 | 1,493 | |
1,173,930 | |||
Consumer discretionary 18.41% | |||
Wyndham Hotels & Resorts, Inc. | 768,069 | 59,287 | |
Lands’ End, Inc.1,7 | 2,100,000 | 49,434 | |
Thor Industries, Inc. | 369,500 | 45,360 | |
Entain PLC1,3 | 1,510,450 | 43,238 | |
Mattel, Inc.1 | 2,100,069 | 38,977 | |
Shop Apotheke Europe NV, non-registered shares1,3 | 255,264 | 37,750 | |
Coursera, Inc.1 | 1,136,534 | 35,971 | |
Helen of Troy, Ltd.1 | 160,000 | 35,949 | |
Five Below, Inc.1 | 199,700 | 35,309 | |
YETI Holdings, Inc.1 | 410,595 | 35,184 | |
Everi Holdings, Inc.1 | 1,446,739 | 34,982 | |
Tube Investments of India, Ltd.3 | 1,577,700 | 29,558 | |
Frontdoor, Inc.1 | 677,310 | 28,379 | |
Evolution AB3 | 182,215 | 27,698 | |
zooplus AG, non-registered shares1,3 | 48,403 | 27,308 | |
Tongcheng-Elong Holdings, Ltd.1,3 | 10,084,800 | 24,102 | |
SSP Group PLC1,3 | 6,505,284 | 24,050 | |
Skechers USA, Inc., Class A1 | 550,000 | 23,166 | |
Inchcape PLC3 | 1,871,000 | 20,318 | |
Scientific Games Corp.1 | 223,732 | 18,586 | |
Kindred Group PLC (SDR)3 | 1,150,611 | 17,278 | |
Asbury Automotive Group, Inc.1 | 87,582 | 17,231 | |
Basic-Fit NV1,3 | 329,911 | 15,111 | |
Leslie’s, Inc.1 | 656,864 | 13,492 | |
DESCENTE, Ltd.1,3 | 359,700 | 12,646 | |
Arco Platform, Ltd., Class A1 | 538,725 | 11,690 | |
Just Eat Takeaway (EUR denominated)1,3 | 150,679 | 10,980 | |
Golden Entertainment, Inc.1 | 219,100 | 10,756 | |
Bright Horizons Family Solutions, Inc.1 | 74,300 | 10,359 | |
Musti Group OYJ3 | 275,100 | 9,818 | |
Melco International Development, Ltd.1,3 | 7,826,000 | 9,144 | |
Cairn Homes PLC3 | 6,829,200 | 8,999 | |
Cie. Plastic Omnium SA3 | 308,912 | 7,891 | |
Cartrade Tech, Ltd.1,3 | 463,527 | 7,719 | |
Zhongsheng Group Holdings, Ltd.3 | 938,500 | 7,543 | |
Purple Innovation, Inc., Class A1 | 347,200 | 7,298 | |
Elior Group SA1,3 | 882,500 | 6,969 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 7 of 242
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Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Powerschool Holdings, Inc., Class A1 | 277,700 | $6,834 | |
Thule Group AB3 | 136,600 | 6,830 | |
TopBuild Corp.1 | 32,600 | 6,677 | |
OneSpaWorld Holdings, Ltd.1 | 636,538 | 6,346 | |
Americanas SA, ordinary nominative shares1 | 1,010,093 | 5,735 | |
WH Smith PLC1,3 | 242,500 | 5,558 | |
Desenio Group AB1,3 | 1,506,833 | 5,075 | |
Sonans Gruppen AS1,3 | 798,518 | 4,628 | |
Dutch Bros., Inc., Class A1 | 106,700 | 4,622 | |
IDP Education, Ltd.3 | 180,966 | 4,452 | |
Shoei Co., Ltd.3 | 80,400 | 3,622 | |
Countryside Properties PLC1,3 | 405,700 | 2,746 | |
Leifheit AG, non-registered shares3 | 36,773 | 1,484 | |
China Zenix Auto International, Ltd. (ADR)1 | 385,648 | 212 | |
924,351 | |||
Health care 17.61% | |||
Insulet Corp.1 | 485,109 | 137,883 | |
CanSino Biologics, Inc., Class H1,3 | 1,984,600 | 69,900 | |
Cortexyme, Inc.1,2 | 689,544 | 63,204 | |
Health Catalyst, Inc.1,2 | 922,700 | 46,144 | |
Notre Dame Intermédica Participações SA | 3,012,035 | 41,267 | |
Allakos, Inc.1 | 354,275 | 37,507 | |
Integra LifeSciences Holdings Corp.1 | 530,900 | 36,356 | |
AddLife AB, Class B3 | 950,014 | 34,472 | |
Globus Medical, Inc., Class A1 | 427,800 | 32,778 | |
Max Healthcare Institute, Ltd.1,3 | 5,224,823 | 25,008 | |
Mani, Inc.3 | 1,284,831 | 24,519 | |
Ocumension Therapeutics1,2,3 | 9,650,966 | 23,077 | |
Nevro Corp.1 | 189,933 | 22,104 | |
CONMED Corp. | 148,708 | 19,455 | |
GVS SpA3 | 1,350,919 | 19,201 | |
Kronos Bio, Inc.1 | 899,243 | 18,848 | |
Ultragenyx Pharmaceutical, Inc.1 | 189,727 | 17,111 | |
New Frontier Health Corp., Class A1,2 | 1,517,400 | 17,040 | |
CompuGroup Medical SE & Co. KGaA3 | 205,520 | 16,924 | |
Guardant Health, Inc.1 | 119,227 | 14,905 | |
Amplifon SpA3 | 311,536 | 14,846 | |
Haemonetics Corp.1 | 199,700 | 14,097 | |
Medlive Technology Co., Ltd.1,3 | 2,681,000 | 12,800 | |
ICON PLC1 | 46,061 | 12,069 | |
Warby Parker, Inc., Class A1 | 226,465 | 12,014 | |
New Horizon Health, Ltd.1,2,3 | 2,639,844 | 11,517 | |
Shandong Pharmaceutical Glass Co., Ltd., Class A3 | 2,180,508 | 10,019 | |
Bachem Holding AG, Class B3 | 10,977 | 8,354 | |
Medincell SA1,2,3 | 809,800 | 7,983 | |
Ambu AS, Class B, non-registered shares3 | 266,155 | 7,862 | |
Applied Molecular Transport, Inc.1 | 296,800 | 7,678 | |
BioMarin Pharmaceutical, Inc.1 | 92,000 | 7,111 | |
Arjo AB, Class B3 | 530,850 | 6,549 | |
Nordhealth AS, Class A1,3 | 1,279,999 | 6,497 | |
Encompass Health Corp. | 79,000 | 5,928 | |
iRhythm Technologies, Inc.1 | 100,000 | 5,856 | |
Amedisys, Inc.1 | 33,400 | 4,980 | |
Angelalign Technology, Inc.1,3 | 102,000 | 4,336 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 8 of 242
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Antares Vision SpA1,3 | 281,100 | $3,578 | |
Alignment Healthcare, Inc.1,2 | 151,896 | 2,427 | |
Innovage Holding Corp.1 | 39,045 | 258 | |
884,462 | |||
Industrials 16.50% | |||
Nihon M&A Center Holdings, Inc.3 | 2,077,284 | 61,212 | |
International Container Terminal Services, Inc.3 | 14,412,500 | 55,064 | |
IMCD NV3 | 268,365 | 50,951 | |
Boyd Group Services, Inc. | 235,355 | 43,658 | |
Stericycle, Inc.1 | 567,831 | 38,595 | |
Visional, Inc.1,3 | 599,900 | 38,455 | |
Instalco AB3 | 730,713 | 33,398 | |
Interpump Group SpA3 | 447,000 | 28,954 | |
Fasadgruppen Group AB3 | 1,566,704 | 28,725 | |
Alfen NV1,3 | 212,868 | 22,378 | |
Nolato AB, Class B3 | 1,851,000 | 21,951 | |
Japan Elevator Service Holdings Co., Ltd.3 | 905,800 | 20,845 | |
Montrose Environmental Group, Inc.1 | 299,800 | 18,510 | |
Diploma PLC3 | 487,000 | 18,311 | |
Wizz Air Holdings PLC1,3 | 273,883 | 18,239 | |
Vicor Corp., Class A1 | 131,328 | 17,619 | |
Cleanaway Waste Management, Ltd.3 | 7,580,970 | 15,098 | |
Melrose Industries PLC3 | 6,512,400 | 15,070 | |
Medmix AG1,3 | 308,542 | 14,855 | |
Avon Protection PLC3 | 547,800 | 14,298 | |
DL E&C Co., Ltd.1,3 | 127,068 | 14,169 | |
VAT Group AG3 | 35,128 | 13,839 | |
Marel hf.3 | 1,838,482 | 12,740 | |
Woodward, Inc. | 105,000 | 11,886 | |
Cargotec OYJ, Class B, non-registered shares3 | 233,700 | 11,855 | |
Centre Testing International Group Co., Ltd.3 | 2,985,669 | 11,713 | |
Shoals Technologies Group, Inc., Class A1 | 419,725 | 11,702 | |
MDA, Ltd.1 | 823,400 | 10,577 | |
Guangzhou Baiyun International Airport Co., Ltd., Class A3 | 5,998,639 | 9,945 | |
Carel Industries SpA3 | 318,400 | 8,609 | |
Controladora Vuela Compañía de Aviación, SAB de CV, Class A, ordinary participation certificates (ADR) 1 | 393,000 | 8,571 | |
ITM Power PLC1,2,3 | 1,428,881 | 8,264 | |
IAA, Inc.1 | 141,750 | 7,735 | |
Atlas Corp.2 | 500,000 | 7,595 | |
Addtech AB, Class B3 | 416,050 | 7,365 | |
Cummins India, Ltd.3 | 550,000 | 7,319 | |
Kajaria Ceramics, Ltd.3 | 450,000 | 7,205 | |
ACV Auctions, Inc., Class A1 | 399,533 | 7,148 | |
Japan Airport Terminal Co., Ltd.3 | 138,500 | 6,831 | |
CAE, Inc.1 | 200,000 | 5,975 | |
LIXIL Corp.3 | 196,500 | 5,710 | |
BELIMO Holding AG3 | 10,460 | 5,538 | |
Froy ASA1,3 | 873,400 | 5,179 | |
easyJet PLC1,2,3 | 343,800 | 3,063 | |
easyJet PLC1,3 | 226,759 | 2,020 | |
Granite Construction, Inc. | 120,892 | 4,781 | |
Sitowise Group PLC1,2,3 | 512,300 | 4,684 | |
Rumo SA1 | 1,518,920 | 4,683 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 9 of 242
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Nitto Boseki Co., Ltd.3 | 132,500 | $4,422 | |
Howden Joinery Group PLC3 | 357,556 | 4,278 | |
Meggitt PLC1,3 | 430,500 | 4,275 | |
Sulzer AG3 | 40,042 | 3,792 | |
AirTAC International Group3 | 109,000 | 3,411 | |
Imperial Logistics, Ltd.3 | 673,286 | 2,728 | |
The AZEK Co., Inc., Class A1 | 54,400 | 1,987 | |
Matson, Inc. | 8,674 | 700 | |
828,480 | |||
Financials 8.75% | |||
Janus Henderson Group PLC | 1,367,400 | 56,515 | |
Live Oak Bancshares, Inc. | 800,250 | 50,920 | |
Star Health & Allied Insurance Co., Ltd.1,3,4,5 | 6,037,336 | 43,747 | |
Marqeta, Inc., Class B1,3,6 | 1,859,092 | 39,478 | |
Cholamandalam Investment and Finance Co., Ltd.3 | 3,684,053 | 27,781 | |
Trupanion, Inc.1 | 350,369 | 27,213 | |
Eurobank Ergasias Services and Holdings SA1,3 | 26,815,236 | 25,109 | |
East West Bancorp, Inc. | 287,300 | 22,277 | |
Independent Bank Group, Inc. | 274,100 | 19,472 | |
Stifel Financial Corp. | 271,050 | 18,421 | |
SouthState Corp. | 239,800 | 17,906 | |
Indian Energy Exchange, Ltd.3 | 2,000,000 | 17,226 | |
IIFL Wealth Management, Ltd.3 | 671,317 | 14,171 | |
Aavas Financiers, Ltd.1,3 | 336,227 | 11,413 | |
Multi Commodity Exchange of India, Ltd.3 | 417,000 | 9,251 | |
Patria Investments, Ltd., Class A | 508,200 | 8,299 | |
SiriusPoint, Ltd.1 | 797,100 | 7,381 | |
PT Bank Rakyat Indonesia Agroniaga Tbk1,3 | 36,752,200 | 5,691 | |
IIFL Finance Ltd.3 | 1,459,000 | 5,613 | |
Bridgepoint Group PLC1,3 | 740,731 | 5,048 | |
Aptus Value Housing Finance India, Ltd.1,3 | 1,065,624 | 4,543 | |
Capitec Bank Holdings, Ltd.3 | 15,161 | 1,832 | |
Goosehead Insurance, Inc., Class A | 1,400 | 213 | |
439,520 | |||
Consumer staples 2.63% | |||
Freshpet, Inc.1 | 300,695 | 42,906 | |
Monde Nissin Corp.1,3 | 76,219,800 | 28,020 | |
Grocery Outlet Holding Corp.1 | 1,011,400 | 21,816 | |
Dole PLC1 | 860,404 | 14,592 | |
AAK AB3 | 452,024 | 9,719 | |
Hilton Food Group PLC3 | 586,277 | 9,236 | |
Vector Group, Ltd. | 209,704 | 2,674 | |
Raia Drogasil SA, ordinary nominative shares | 445,000 | 1,910 | |
Zur Rose Group AG1,3 | 3,131 | 1,243 | |
132,116 | |||
Materials 2.22% | |||
Nanofilm Technologies International, Ltd.3 | 7,828,300 | 23,843 | |
PI Industries, Ltd.3 | 537,999 | 22,982 | |
Navin Fluorine International, Ltd.3 | 372,951 | 18,389 | |
Lundin Mining Corp. | 1,930,004 | 13,882 | |
MMG, Ltd.1,3 | 18,704,000 | 7,724 | |
ACC, Ltd.3 | 230,000 | 6,975 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 10 of 242
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Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Vidrala, SA, non-registered shares3 | 58,883 | $6,424 | |
SK Materials Co., Ltd.3 | 16,400 | 5,674 | |
LANXESS AG3 | 54,500 | 3,706 | |
Arkema SA3 | 15,200 | 2,011 | |
111,610 | |||
Communication services 1.46% | |||
Bandwidth, Inc., Class A1 | 204,135 | 18,429 | |
JCDecaux SA1,3 | 517,874 | 13,676 | |
Trustpilot AS1,3 | 2,091,876 | 10,868 | |
Boat Rocker Media, Inc.1,8 | 1,676,496 | 9,927 | |
Daily Mail and General Trust PLC, Class A, nonvoting shares3 | 663,700 | 9,566 | |
New York Times Co., Class A | 135,000 | 6,652 | |
Capcom Co., Ltd.3 | 148,714 | 4,131 | |
Zee Entertainment Enterprises, Ltd.3 | 1,815 | 7 | |
73,256 | |||
Utilities 1.31% | |||
ENN Energy Holdings, Ltd.3 | 2,866,700 | 46,944 | |
AC Energy Corp.3 | 69,716,400 | 15,396 | |
Neoenergia SA | 1,288,255 | 3,622 | |
65,962 | |||
Real estate 1.21% | |||
Altus Group, Ltd. | 436,402 | 21,293 | |
Embassy Office Parks REIT3 | 3,656,800 | 16,647 | |
JHSF Participações SA | 8,620,906 | 9,372 | |
Macrotech Developers, Ltd.1,3 | 582,697 | 8,218 | |
Mindspace Business Parks REIT3 | 1,250,000 | 5,165 | |
60,695 | |||
Energy 0.75% | |||
Pioneer Natural Resources Company | 114,558 | 19,075 | |
Venture Global LNG, Inc., Series C1,3,4,5,6 | 2,760 | 13,244 | |
Aegis Logistics, Ltd.3 | 1,584,037 | 4,812 | |
NuVista Energy, Ltd.1 | 98,325 | 399 | |
Helmerich & Payne, Inc. | 7,700 | 211 | |
37,741 | |||
Total common stocks (cost: $2,731,616,000) | 4,732,123 | ||
Preferred securities 1.89% Information technology 1.39% | |||
Avidxchange Holdings, Inc., Series F, preferred shares1,3,4,5 | 492,864 | 32,268 | |
SmartHR, Inc., Series D, preferred shares1,3,4,5 | 3,006 | 14,151 | |
Gitlab, Inc., Series E, preferred shares1,3,4,5 | 297,916 | 12,092 | |
Yotpo, Ltd., Series F, preferred shares1,3,4,5,6 | 2,158,609 | 4,748 | |
Yotpo, Ltd., Series B, preferred shares1,3,4,5,6 | 287,894 | 633 | |
Yotpo, Ltd., Series C, preferred shares1,3,4,5,6 | 274,070 | 603 | |
Yotpo, Ltd., Series A-1, preferred shares1,3,4,5,6 | 183,819 | 404 | |
Yotpo, Ltd., Series A, preferred shares1,3,4,5,6 | 89,605 | 197 | |
Yotpo, Ltd., Series C-1, preferred shares1,3,4,5,6 | 75,980 | 167 | |
Yotpo, Ltd., Series D, preferred shares1,3,4,5,6 | 42,368 | 93 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 11 of 242
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Preferred securities (continued) Information technology (continued) | Shares | Value (000) | |
Yotpo, Ltd., Series B-1, preferred shares1,3,4,5,6 | 33,838 | $75 | |
Outreach Corp., Series G, preferred shares1,3,4,5 | 154,354 | 4,518 | |
69,949 | |||
Industrials 0.34% | |||
Azul SA, preferred nominative shares (ADR)1 | 800,316 | 16,054 | |
Azul SA, preferred nominative shares1 | 109,500 | 732 | |
16,786 | |||
Health care 0.16% | |||
PACT Pharma, Inc., Series C, 8.00% noncumulative preferred shares1,3,4,5 | 2,931,405 | 8,231 | |
Total preferred securities (cost: $72,225,000) | 94,966 | ||
Rights & warrants 0.46% Information technology 0.41% | |||
OPT Machine Vision Tech Co., Ltd., Class A, warrants, expire 20231,3,6 | 355,879 | 20,601 | |
Consumer staples 0.05% | |||
Qingdao Richen Food Co., Ltd., Class A, warrants, expire 20221,3,6 | 345,000 | 2,249 | |
Total rights & warrants (cost: $22,692,000) | 22,850 | ||
Short-term securities 4.60% Money market investments 3.95% | |||
Capital Group Central Cash Fund 0.06%7,9 | 1,984,389 | 198,459 | |
Money market investments purchased with collateral from securities on loan 0.65% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%9,10 | 14,359,433 | 14,359 | |
Capital Group Central Cash Fund 0.06%7,9,10 | 124,933 | 12,495 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%9,10 | 5,809,588 | 5,809 | |
32,663 | |||
Total short-term securities (cost: $231,108,000) | 231,122 | ||
Total investment securities 101.18% (cost: $3,057,641,000) | 5,081,061 | ||
Other assets less liabilities (1.18)% | (59,299) | ||
Net assets 100.00% | $5,021,762 |
American Funds Insurance Series — Global Small Capitalization Fund — Page 12 of 242
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Investments in affiliates7
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | |
Common stocks 0.99% | |||||||
Consumer discretionary 0.99% | |||||||
Lands’ End, Inc.1 | $45,297 | $— | $— | $— | $4,137 | $49,434 | $— |
Communication services 0.00% | |||||||
Boat Rocker Media, Inc.1,8 | — | 13,601 | 1,216 | (321) | (2,137) | — | — |
Total common stocks | 49,434 | ||||||
Short-term securities 4.20% | |||||||
Money market investments 3.95% | |||||||
Capital Group Central Cash Fund 0.06%9 | 15,136 | 1,331,874 | 1,148,529 | (33) | 11 | 198,459 | 95 |
Money market investments purchased with collateral from securities on loan 0.25% | |||||||
Capital Group Central Cash Fund 0.06%9,10 | — | 12,49511 | 12,495 | —12 | |||
Total short-term securities | 210,954 | ||||||
Total 5.19% | $(354) | $2,011 | $260,388 | $95 |
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 $34,069,000, which represented .68% of the net assets of the fund. |
3 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,419,070,000, which represented 48.17% of the net assets of the fund. This amount includes $2,187,107,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
4 | Value determined using significant unobservable inputs. |
5 | 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. Further details on these holdings appear below. |
6 | 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 $83,985,000, which represented 1.67% of the net assets of the fund. |
7 | 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. |
8 | Unaffiliated issuer at 9/30/2021. |
9 | Rate represents the seven-day yield at 9/30/2021. |
10 | Security purchased with cash collateral from securities on loan. |
11 | Represents net activity. |
12 | Dividend income is included with securities lending income and is not shown in this table. |
Private placement securities | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Star Health & Allied Insurance Co., Ltd. | 3/30/2021 | $40,710 | $43,747 | .87% |
Avidxchange Holdings, Inc., Series F, preferred shares | 12/26/2019 | 24,156 | 32,268 | .64 |
SmartHR, Inc., Series D, preferred shares | 5/28/2021 | 14,344 | 14,151 | .28 |
Venture Global LNG, Inc., Series C | 5/1/2015 | 8,280 | 13,244 | .27 |
Gitlab Inc., Series E, preferred shares | 9/11/2019 | 5,550 | 12,092 | .24 |
PACT Pharma, Inc., Series C, 8.00% noncumulative preferred shares | 2/7/2020 | 6,000 | 8,231 | .17 |
Yotpo, Ltd., Series F, preferred shares | 2/25/2021 | 4,748 | 4,748 | .10 |
Outreach Corp., Series G, preferred shares | 5/27/2021 | 4,517 | 4,518 | .09 |
Yotpo, Ltd. | 3/16/2021 | 1,418 | 1,493 | .03 |
Yotpo, Ltd., Series B, preferred shares | 3/16/2021 | 602 | 633 | .01 |
Yotpo, Ltd., Series C, preferred shares | 3/16/2021 | 573 | 603 | .01 |
Yotpo, Ltd., Series A-1, preferred shares | 3/16/2021 | 384 | 404 | .01 |
Yotpo, Ltd., Series A, preferred shares | 3/16/2021 | 187 | 197 | .00 |
Yotpo, Ltd., Series C-1, preferred shares | 3/16/2021 | 159 | 167 | .00 |
Yotpo, Ltd., Series D, preferred shares | 3/16/2021 | 89 | 93 | .00 |
Yotpo, Ltd., Series B-1, preferred shares | 3/16/2021 | 71 | 75 | .00 |
Total private placement securities | $ 111,788 | $ 136,664 | 2.72% |
American Funds Insurance Series — Global Small Capitalization Fund — Page 13 of 242
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Key to abbreviations | |
ADR = American Depositary Receipts | |
EUR = Euros | |
SDR = Swedish Depositary Receipts |
American Funds Insurance Series — Global Small Capitalization Fund — Page 14 of 242
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Common stocks 97.85% Information technology 22.33% | Shares | Value (000) | |
Microsoft Corp. | 8,342,115 | $2,351,809 | |
Broadcom, Inc. | 1,758,306 | 852,655 | |
ASML Holding NV1 | 635,000 | 468,422 | |
ASML Holding NV (New York registered) (ADR) | 290,580 | 216,514 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 15,724,000 | 324,245 | |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 1,215,000 | 135,655 | |
RingCentral, Inc., Class A2 | 1,774,740 | 386,006 | |
PayPal Holdings, Inc.2 | 1,376,626 | 358,212 | |
Shopify, Inc., Class A, subordinate voting shares2 | 223,900 | 303,559 | |
Apple, Inc. | 1,750,027 | 247,629 | |
MicroStrategy, Inc., Class A2 | 335,914 | 194,293 | |
Advanced Micro Devices, Inc.2 | 1,816,000 | 186,866 | |
Keyence Corp.1 | 300,900 | 180,295 | |
Bill.com Holdings, Inc.2 | 649,600 | 173,411 | |
MongoDB, Inc., Class A2 | 365,590 | 172,379 | |
FleetCor Technologies, Inc.2 | 650,500 | 169,956 | |
Square, Inc., Class A2 | 705,620 | 169,236 | |
Mastercard, Inc., Class A | 483,246 | 168,015 | |
Cree, Inc.2 | 1,945,470 | 157,058 | |
Applied Materials, Inc. | 1,074,888 | 138,370 | |
ServiceNow, Inc.2 | 221,680 | 137,945 | |
Visa, Inc., Class A | 606,614 | 135,123 | |
Tyler Technologies, Inc.2 | 263,200 | 120,717 | |
Fidelity National Information Services, Inc. | 884,718 | 107,652 | |
Micron Technology, Inc. | 1,447,335 | 102,732 | |
HubSpot, Inc.2 | 130,000 | 87,892 | |
NVIDIA Corp. | 402,000 | 83,278 | |
VeriSign, Inc.2 | 399,943 | 81,992 | |
Trimble, Inc.2 | 840,920 | 69,166 | |
Cloudflare, Inc., Class A2 | 600,000 | 67,590 | |
Samsung Electronics Co., Ltd.1 | 1,003,000 | 62,426 | |
Intel Corp. | 1,136,000 | 60,526 | |
Elastic NV, non-registered shares2 | 403,822 | 60,165 | |
Qualtrics International, Inc., Class A2,3 | 1,396,101 | 59,669 | |
Zendesk, Inc.2 | 431,500 | 50,222 | |
NetApp, Inc. | 527,540 | 47,352 | |
Okta, Inc., Class A2 | 198,012 | 46,996 | |
Genpact, Ltd. | 933,000 | 44,327 | |
MKS Instruments, Inc. | 282,711 | 42,664 | |
Adobe, Inc.2 | 69,034 | 39,744 | |
Flex, Ltd.2 | 2,234,300 | 39,502 | |
Concentrix Corp.2 | 196,148 | 34,718 | |
Silicon Laboratories, Inc.2 | 231,815 | 32,491 | |
Enphase Energy, Inc.2 | 214,551 | 32,176 | |
EPAM Systems, Inc.2 | 52,839 | 30,144 | |
ON Semiconductor Corp.2 | 640,919 | 29,335 |
American Funds Insurance Series — Growth Fund — Page 15 of 242
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Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
SK hynix, Inc.1 | 330,800 | $28,525 | |
Fiserv, Inc.2 | 247,500 | 26,854 | |
Motorola Solutions, Inc. | 109,000 | 25,323 | |
Lam Research Corp. | 40,617 | 23,117 | |
Jack Henry & Associates, Inc. | 137,000 | 22,476 | |
Ceridian HCM Holding, Inc.2 | 199,000 | 22,411 | |
Lightspeed Commerce, Inc. SV, subordinate voting shares (CAD denominated)2 | 216,600 | 20,901 | |
Alteryx, Inc., Class A2 | 261,518 | 19,117 | |
Keysight Technologies, Inc.2 | 102,000 | 16,758 | |
Smartsheet, Inc., Class A2 | 238,281 | 16,399 | |
GoDaddy, Inc., Class A2 | 213,800 | 14,902 | |
TELUS International (Cda), Inc., subordinate voting shares2 | 396,024 | 13,865 | |
Amadeus IT Group SA, Class A, non-registered shares1,2 | 196,096 | 12,882 | |
SentinelOne, Inc., Class A2,3 | 220,600 | 11,818 | |
Thoughtworks Holding, Inc.2 | 276,000 | 7,924 | |
Stripe, Inc., Class B1,2,4,5 | 168,598 | 7,710 | |
Kulicke and Soffa Industries, Inc. | 107,460 | 6,263 | |
9,358,374 | |||
Communication services 21.36% | |||
Facebook, Inc., Class A2 | 9,634,746 | 3,269,937 | |
Netflix, Inc.2 | 3,177,003 | 1,939,052 | |
Alphabet, Inc., Class C2 | 466,883 | 1,244,388 | |
Alphabet, Inc., Class A2 | 111,616 | 298,408 | |
Snap, Inc., Class A2 | 8,109,000 | 599,012 | |
Charter Communications, Inc., Class A2 | 688,110 | 500,641 | |
Activision Blizzard, Inc. | 5,809,138 | 449,569 | |
Comcast Corp., Class A | 3,547,563 | 198,415 | |
ZoomInfo Technologies, Inc., Class A2 | 1,806,100 | 110,515 | |
T-Mobile US, Inc.2 | 652,940 | 83,420 | |
Live Nation Entertainment, Inc.2 | 517,000 | 47,114 | |
Zillow Group, Inc., Class C, nonvoting shares2 | 279,000 | 24,591 | |
Zillow Group, Inc., Class A2 | 245,000 | 21,702 | |
Tencent Holdings, Ltd.1 | 605,000 | 35,474 | |
Pinterest, Inc., Class A2 | 566,186 | 28,847 | |
Vimeo, Inc.2 | 816,120 | 23,969 | |
Electronic Arts, Inc. | 141,481 | 20,126 | |
Frontier Communications Parent, Inc.2 | 686,380 | 19,129 | |
Iridium Communications, Inc.2 | 457,026 | 18,213 | |
Bumble, Inc., Class A2 | 272,837 | 13,636 | |
Match Group, Inc.2 | 13,602 | 2,135 | |
8,948,293 | |||
Consumer discretionary 19.32% | |||
Tesla, Inc.2 | 4,564,000 | 3,539,291 | |
Amazon.com, Inc.2 | 301,670 | 990,998 | |
Dollar General Corp. | 2,515,183 | 533,571 | |
Home Depot, Inc. | 1,045,000 | 343,032 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 330,000 | 235,971 | |
Royal Caribbean Cruises, Ltd.2 | 2,572,546 | 228,828 | |
Toll Brothers, Inc. | 3,280,000 | 181,351 | |
Booking Holdings, Inc.2 | 64,759 | 153,729 | |
Airbnb, Inc., Class A2 | 897,564 | 150,566 | |
Hermès International1 | 97,299 | 134,475 | |
Domino’s Pizza, Inc. | 264,100 | 125,965 |
American Funds Insurance Series — Growth Fund — Page 16 of 242
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Caesars Entertainment, Inc.2 | 957,985 | $107,563 | |
Chipotle Mexican Grill, Inc.2 | 57,300 | 104,144 | |
Las Vegas Sands Corp.2 | 2,600,000 | 95,160 | |
Floor & Decor Holdings, Inc., Class A2 | 769,300 | 92,924 | |
Burlington Stores, Inc.2 | 301,006 | 85,356 | |
YETI Holdings, Inc.2 | 940,000 | 80,549 | |
O’Reilly Automotive, Inc.2 | 116,600 | 71,250 | |
NIKE, Inc., Class B | 489,400 | 71,076 | |
Aramark | 2,158,864 | 70,940 | |
Darden Restaurants, Inc. | 433,876 | 65,719 | |
NVR, Inc.2 | 13,430 | 64,384 | |
Etsy, Inc.2 | 202,000 | 42,008 | |
Wayfair, Inc., Class A2,3 | 152,000 | 38,837 | |
Flutter Entertainment PLC1,2 | 187,791 | 37,125 | |
LGI Homes, Inc.2 | 248,150 | 35,215 | |
Hilton Worldwide Holdings, Inc.2 | 257,834 | 34,062 | |
Norwegian Cruise Line Holdings, Ltd.2 | 1,182,996 | 31,598 | |
Evolution AB1 | 196,122 | 29,812 | |
YUM! Brands, Inc. | 240,000 | 29,354 | |
lululemon athletica, inc.2 | 70,000 | 28,329 | |
Westwing Group AG, non-registered shares1,2 | 707,000 | 26,554 | |
Dollar Tree Stores, Inc.2 | 260,059 | 24,893 | |
Adient PLC2 | 585,000 | 24,248 | |
adidas AG1 | 75,097 | 23,664 | |
Cie. Financière Richemont SA, Class A1 | 219,805 | 22,665 | |
Carvana Co., Class A2 | 68,400 | 20,625 | |
Marriott International, Inc., Class A2 | 128,000 | 18,956 | |
Arrival Group2,3 | 655,000 | 8,613 | |
Arrival Group2 | 449,469 | 5,911 | |
Aptiv PLC2 | 94,400 | 14,063 | |
EssilorLuxottica1 | 69,400 | 13,270 | |
Wynn Resorts, Ltd.2 | 155,822 | 13,206 | |
Pool Corp. | 26,203 | 11,383 | |
D.R. Horton, Inc. | 131,644 | 11,054 | |
Polaris, Inc. | 70,000 | 8,376 | |
Helen of Troy, Ltd.2 | 34,020 | 7,644 | |
Peloton Interactive, Inc., Class A2 | 87,000 | 7,573 | |
8,095,880 | |||
Health care 12.44% | |||
Intuitive Surgical, Inc.2 | 774,000 | 769,472 | |
UnitedHealth Group, Inc. | 1,889,914 | 738,465 | |
Regeneron Pharmaceuticals, Inc.2 | 909,000 | 550,109 | |
Thermo Fisher Scientific, Inc. | 674,500 | 385,362 | |
Centene Corp.2 | 4,864,730 | 303,121 | |
Moderna, Inc.2 | 750,000 | 288,645 | |
NovoCure, Ltd.2 | 2,408,668 | 279,815 | |
Vertex Pharmaceuticals, Inc.2 | 1,228,131 | 222,771 | |
Insulet Corp.2 | 582,500 | 165,564 | |
Teladoc Health, Inc.2 | 893,500 | 113,305 | |
Biohaven Pharmaceutical Holding Co., Ltd.2 | 736,086 | 102,250 | |
Seagen, Inc.2 | 596,062 | 101,211 | |
DexCom, Inc.2 | 158,238 | 86,534 | |
Abbott Laboratories | 643,963 | 76,071 | |
Danaher Corp. | 235,935 | 71,828 |
American Funds Insurance Series — Growth Fund — Page 17 of 242
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Oak Street Health, Inc.2,3 | 1,585,928 | $67,450 | |
Edwards Lifesciences Corp.2 | 569,100 | 64,428 | |
Gilead Sciences, Inc. | 899,185 | 62,808 | |
Guardant Health, Inc.2 | 482,401 | 60,305 | |
Exact Sciences Corp.2 | 610,000 | 58,224 | |
Catalent, Inc.2 | 385,000 | 51,232 | |
Verily Life Sciences LLC1,2,4,5 | 300,178 | 44,823 | |
Inari Medical, Inc.2 | 502,200 | 40,728 | |
Cigna Corp. | 203,470 | 40,727 | |
Eli Lilly and Company | 169,500 | 39,163 | |
QIAGEN NV2 | 664,342 | 34,333 | |
AstraZeneca PLC1 | 256,500 | 30,879 | |
Vir Biotechnology, Inc.2 | 702,175 | 30,559 | |
Molina Healthcare, Inc.2 | 107,899 | 29,274 | |
Pacific Biosciences of California, Inc.2 | 1,140,379 | 29,137 | |
Galapagos NV1,2 | 527,552 | 27,681 | |
CRISPR Therapeutics AG2 | 225,206 | 25,207 | |
Mettler-Toledo International, Inc.2 | 16,900 | 23,277 | |
R1 RCM, Inc.2 | 888,000 | 19,545 | |
Pfizer, Inc. | 427,314 | 18,379 | |
Syneos Health, Inc., Class A2 | 210,000 | 18,371 | |
Humana, Inc. | 46,800 | 18,212 | |
Chemed Corp. | 37,667 | 17,520 | |
Allakos, Inc.2 | 151,733 | 16,064 | |
Zimmer Biomet Holdings, Inc. | 108,400 | 15,865 | |
Cortexyme, Inc.2,3 | 168,497 | 15,444 | |
Allogene Therapeutics, Inc.2 | 504,466 | 12,965 | |
Neurocrine Biosciences, Inc.2 | 97,500 | 9,351 | |
Novavax, Inc.2 | 37,000 | 7,670 | |
Ultragenyx Pharmaceutical, Inc.2 | 67,100 | 6,052 | |
TG Therapeutics, Inc.2 | 155,200 | 5,165 | |
Incyte Corp.2 | 70,900 | 4,876 | |
Adaptive Biotechnologies Corp.2 | 141,048 | 4,794 | |
Sana Biotechnology, Inc.2,3 | 179,600 | 4,045 | |
Global Blood Therapeutics, Inc.2 | 125,000 | 3,185 | |
5,212,261 | |||
Industrials 8.19% | |||
TransDigm Group, Inc.2 | 590,615 | 368,880 | |
Uber Technologies, Inc.2 | 8,166,767 | 365,871 | |
Carrier Global Corp. | 6,013,161 | 311,241 | |
Delta Air Lines, Inc.2 | 7,215,000 | 307,431 | |
Jacobs Engineering Group, Inc. | 2,169,000 | 287,458 | |
United Rentals, Inc.2 | 591,000 | 207,400 | |
Caterpillar, Inc. | 859,500 | 164,998 | |
MTU Aero Engines AG1 | 687,220 | 155,389 | |
Airbus SE, non-registered shares1,2 | 944,893 | 124,060 | |
Dun & Bradstreet Holdings, Inc.2 | 4,746,028 | 79,781 | |
Middleby Corp.2 | 449,500 | 76,644 | |
Ryanair Holdings PLC (ADR)2 | 634,951 | 69,883 | |
Ryanair Holdings PLC1,2 | 96,554 | 1,821 | |
CSX Corp. | 2,335,500 | 69,458 | |
TuSimple Holdings, Inc., Class A2,3 | 1,835,008 | 68,134 | |
Safran SA1 | 489,640 | 61,391 | |
Armstrong World Industries, Inc. | 598,004 | 57,091 |
American Funds Insurance Series — Growth Fund — Page 18 of 242
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Southwest Airlines Co.2 | 1,100,000 | $56,573 | |
Emerson Electric Co. | 577,000 | 54,353 | |
L3Harris Technologies, Inc. | 245,000 | 53,959 | |
BWX Technologies, Inc. | 937,200 | 50,478 | |
Equifax, Inc. | 176,000 | 44,602 | |
HEICO Corp. | 185,951 | 24,521 | |
HEICO Corp., Class A | 148,813 | 17,624 | |
Norfolk Southern Corp. | 176,000 | 42,108 | |
Boeing Company2 | 170,000 | 37,390 | |
Rockwell Automation | 126,000 | 37,049 | |
Chart Industries, Inc.2 | 190,400 | 36,387 | |
Northrop Grumman Corp. | 98,700 | 35,547 | |
AMETEK, Inc. | 253,600 | 31,449 | |
Lockheed Martin Corp. | 87,000 | 30,024 | |
ITT, Inc. | 343,000 | 29,443 | |
Waste Connections, Inc. | 222,159 | 27,976 | |
FedEx Corp. | 99,600 | 21,841 | |
Generac Holdings, Inc.2 | 31,762 | 12,980 | |
Kornit Digital Ltd.2 | 61,300 | 8,873 | |
3,430,108 | |||
Financials 6.54% | |||
Bank of America Corp. | 14,780,700 | 627,441 | |
First Republic Bank | 1,805,457 | 348,236 | |
Capital One Financial Corp. | 1,399,000 | 226,596 | |
SVB Financial Group2 | 329,467 | 213,126 | |
S&P Global, Inc. | 462,036 | 196,314 | |
BlackRock, Inc. | 150,000 | 125,799 | |
KKR & Co., Inc. | 1,969,004 | 119,873 | |
Intercontinental Exchange, Inc. | 904,049 | 103,803 | |
Western Alliance Bancorporation | 932,501 | 101,475 | |
Athene Holding, Ltd., Class A2 | 1,355,912 | 93,382 | |
Marsh & McLennan Companies, Inc. | 546,720 | 82,790 | |
MSCI, Inc. | 117,900 | 71,723 | |
Blackstone, Inc. | 360,000 | 41,882 | |
Moody’s Corp. | 102,277 | 36,320 | |
Wells Fargo & Company | 756,000 | 35,086 | |
East West Bancorp, Inc. | 443,509 | 34,390 | |
Goosehead Insurance, Inc., Class A | 211,148 | 32,156 | |
Aon PLC, Class A | 110,000 | 31,435 | |
Brookfield Asset Management, Inc., Class A | 585,103 | 31,309 | |
American International Group, Inc. | 458,394 | 25,161 | |
Arch Capital Group, Ltd.2 | 634,000 | 24,206 | |
CME Group, Inc., Class A | 121,648 | 23,524 | |
Ares Management Corp., Class A | 310,500 | 22,924 | |
Trupanion, Inc.2 | 287,655 | 22,342 | |
Ryan Specialty Group Holdings, Inc., Class A2 | 611,300 | 20,705 | |
Everest Re Group, Ltd. | 66,500 | 16,677 | |
Berkshire Hathaway, Inc., Class A2 | 26 | 10,696 | |
Berkshire Hathaway, Inc., Class B2 | 17,400 | 4,749 | |
Bright Health Group, Inc.2,3 | 1,140,681 | 9,308 | |
Archer Aviation, Inc., Class A1,2 | 446,251 | 3,725 | |
Hippo Holdings, Inc., Class A2 | 580,847 | 2,718 | |
2,739,871 |
American Funds Insurance Series — Growth Fund — Page 19 of 242
unaudited
Common stocks (continued) Consumer staples 2.75% | Shares | Value (000) | |
Kroger Co. | 6,052,000 | $244,682 | |
Costco Wholesale Corp. | 496,404 | 223,059 | |
Philip Morris International, Inc. | 2,048,103 | 194,140 | |
Constellation Brands, Inc., Class A | 745,500 | 157,070 | |
Altria Group, Inc. | 2,349,349 | 106,942 | |
British American Tobacco PLC1 | 2,991,350 | 104,366 | |
Estée Lauder Companies, Inc., Class A | 158,486 | 47,535 | |
Monster Beverage Corp.2 | 305,000 | 27,093 | |
Molson Coors Beverage Company, Class B, restricted voting shares | 557,120 | 25,839 | |
Anheuser-Busch InBev SA/NV1 | 201,028 | 11,354 | |
Church & Dwight Co., Inc. | 104,177 | 8,602 | |
1,150,682 | |||
Materials 2.17% | |||
Vale SA, ordinary nominative shares (ADR) | 13,740,357 | 191,678 | |
Wheaton Precious Metals Corp. | 3,674,000 | 138,069 | |
Grupo México, SAB de CV, Series B | 25,356,800 | 101,211 | |
Franco-Nevada Corp. | 650,000 | 84,445 | |
Barrick Gold Corp. | 4,058,000 | 73,247 | |
CF Industries Holdings, Inc. | 1,029,000 | 57,439 | |
Celanese Corp. | 350,400 | 52,784 | |
Royal Gold, Inc. | 517,000 | 49,368 | |
Allegheny Technologies, Inc.2 | 2,070,860 | 34,438 | |
LyondellBasell Industries NV | 317,000 | 29,750 | |
Sherwin-Williams Company | 90,658 | 25,360 | |
Linde PLC | 81,300 | 23,852 | |
Ball Corp. | 194,200 | 17,472 | |
PPG Industries, Inc. | 103,623 | 14,819 | |
Summit Materials, Inc., Class A2 | 351,313 | 11,232 | |
Nucor Corp. | 48,484 | 4,775 | |
909,939 | |||
Energy 1.96% | |||
Halliburton Company | 12,143,661 | 262,546 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 5,420,400 | 198,183 | |
Canadian Natural Resources, Ltd. | 105,100 | 3,840 | |
Cenovus Energy, Inc. | 12,798,618 | 129,037 | |
Pioneer Natural Resources Company | 328,000 | 54,615 | |
Suncor Energy, Inc. | 2,227,125 | 46,174 | |
EOG Resources, Inc. | 516,283 | 41,442 | |
Cimarex Energy Co. | 438,200 | 38,211 | |
Chesapeake Energy Corp. | 345,000 | 21,249 | |
ConocoPhillips | 236,711 | 16,042 | |
Equitrans Midstream Corp. | 936,942 | 9,501 | |
820,840 | |||
Utilities 0.50% | |||
NextEra Energy, Inc. | 1,280,000 | 100,506 | |
PG&E Corp.2 | 5,296,610 | 50,847 | |
AES Corp. | 1,540,683 | 35,174 | |
Ørsted AS1 | 188,322 | 24,847 | |
211,374 |
American Funds Insurance Series — Growth Fund — Page 20 of 242
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Common stocks (continued) Real estate 0.29% | Shares | Value (000) | |
Equinix, Inc. REIT | 84,384 | $66,674 | |
UDR, Inc. REIT | 609,000 | 32,265 | |
Pebblebrook Hotel Trust REIT | 615,859 | 13,801 | |
Park Hotels & Resorts, Inc. REIT2 | 424,111 | 8,118 | |
120,858 | |||
Total common stocks (cost: $18,445,458,000) | 40,998,480 | ||
Preferred securities 0.14% Information technology 0.14% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 531,000 | 31,081 | |
PsiQuantum, Corp., Series D, preferred shares1,2,4,5 | 906,761 | 23,781 | |
Stripe, Inc., Series H, 6.00% noncumulative preferred shares1,2,4,5 | 52,656 | 2,408 | |
Total preferred securities (cost: $48,042,000) | 57,270 | ||
Convertible bonds & notes 0.06% Consumer staples 0.06% | Principal amount (000) | ||
JUUL Labs, Inc., convertible notes, 7.00% PIK 20251,4,5,6 | $ 42,599 | 25,559 | |
Total convertible bonds & notes (cost: $41,642,000) | 25,559 | ||
Short-term securities 2.15% Money market investments 2.07% | Shares | ||
Capital Group Central Cash Fund 0.06%7,8 | 8,679,624 | 868,049 | |
Money market investments purchased with collateral from securities on loan 0.08% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%7,9 | 15,379,220 | 15,380 | |
Capital Group Central Cash Fund 0.06%7,8,9 | 133,806 | 13,382 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%7,9 | 6,222,177 | 6,222 | |
34,984 | |||
Total short-term securities (cost: $902,912,000) | 903,033 | ||
Total investment securities 100.20% (cost: $19,438,054,000) | 41,984,342 | ||
Other assets less liabilities (0.20)% | (85,016) | ||
Net assets 100.00% | $41,899,326 |
American Funds Insurance Series — Growth Fund — Page 21 of 242
unaudited
Investments in affiliates8
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 2.10% | |||||||
Money market investments 2.07% | |||||||
Capital Group Central Cash Fund 0.06%7 | $1,623,691 | $2,976,113 | $3,731,748 | $(21) | $14 | $868,049 | $607 |
Money market investments purchased with collateral from securities on loan 0.03% | |||||||
Capital Group Central Cash Fund 0.06%7,9 | — | 13,38210 | 13,382 | —11 | |||
Total short-term securities | 881,431 | ||||||
Total 2.10% | $(21) | $14 | $881,431 | $607 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,316,680,000, which represented 5.53% of the net assets of the fund. This amount includes $2,208,674,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $38,000,000, which represented .09% of the net assets of the fund. |
4 | Value determined using significant unobservable inputs. |
5 | 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. Further details on these holdings appear below. |
6 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. |
7 | Rate represents the seven-day yield at 9/30/2021. |
8 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
9 | Security purchased with cash collateral from securities on loan. |
10 | Represents net activity. |
11 | Dividend income is included with securities lending income and is not shown in this table. |
Private placement securities | Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets |
Verily Life Sciences LLC | 12/21/2018 | $37,000 | $44,823 | .11% |
JUUL Labs, Inc., convertible notes, 7.00% PIK 2025 | 2/3/2020-8/3/2021 | 41,642 | 25,559 | .06 |
PsiQuantum, Corp., Series D, preferred shares | 5/28//2021 | 23,781 | 23,781 | .06 |
Stripe, Inc., Class B | 5/6/2021 | 6,766 | 7,710 | .02 |
Stripe, Inc., Series H, 6.00% noncumulative preferred shares | 3/15/2021 | 2,113 | 2,408 | .00 |
Total private placement securities | $ 111,302 | $ 104,281 | .25% |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
American Funds Insurance Series — Growth Fund — Page 22 of 242
unaudited
Common stocks 93.64% Financials 20.82% | Shares | Value (000) | |
AIA Group, Ltd.1 | 25,331,576 | $291,671 | |
Kotak Mahindra Bank, Ltd.1,2 | 8,191,348 | 220,591 | |
HDFC Bank, Ltd.1 | 9,188,970 | 196,997 | |
HDFC Bank, Ltd. (ADR) | 277,000 | 20,246 | |
ABN AMRO Bank NV1,3 | 14,394,921 | 207,125 | |
Banco Santander, SA1 | 52,040,526 | 188,496 | |
Deutsche Bank AG1,2 | 11,620,682 | 149,038 | |
BNP Paribas SA1 | 1,964,000 | 125,805 | |
Barclays PLC1 | 46,610,000 | 118,873 | |
Sberbank of Russia PJSC (ADR)1 | 4,253,000 | 79,022 | |
Aegon NV1 | 12,263,736 | 62,962 | |
XP, Inc., Class A2 | 1,291,559 | 51,882 | |
Bajaj Finserv, Ltd.1 | 174,730 | 41,813 | |
Axis Bank, Ltd.1,2 | 3,890,055 | 40,076 | |
ING Groep NV1 | 2,582,228 | 37,479 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 4,761,500 | 32,309 | |
Ping An Insurance (Group) Company of China, Ltd., Class A1 | 282,902 | 2,106 | |
Bajaj Finance, Ltd.1 | 244,400 | 25,090 | |
KBC Groep NV1 | 277,700 | 24,931 | |
Lufax Holding, Ltd. (ADR)2 | 3,323,434 | 23,198 | |
FinecoBank SpA1,2 | 1,211,135 | 21,949 | |
Futu Holdings, Ltd. (ADR)2 | 222,400 | 20,243 | |
PICC Property and Casualty Co., Ltd., Class H1 | 20,936,000 | 20,200 | |
Allfunds Group PLC1,2 | 718,245 | 13,812 | |
B3 SA-Brasil, Bolsa, Balcao | 4,413,000 | 10,324 | |
2,026,238 | |||
Industrials 12.94% | |||
Airbus SE, non-registered shares1,2 | 2,709,349 | 355,724 | |
Recruit Holdings Co., Ltd.1 | 3,172,709 | 193,457 | |
Melrose Industries PLC1 | 41,251,439 | 95,456 | |
Ryanair Holdings PLC (ADR)2 | 787,400 | 86,661 | |
Ryanair Holdings PLC1,2 | 348,056 | 6,565 | |
NIBE Industrier AB, Class B1 | 6,934,248 | 87,100 | |
Safran SA1 | 669,400 | 83,929 | |
International Container Terminal Services, Inc.1 | 12,890,350 | 49,249 | |
MTU Aero Engines AG1 | 182,000 | 41,152 | |
ASSA ABLOY AB, Class B1 | 1,387,947 | 40,244 | |
Ashtead Group PLC1 | 405,000 | 30,722 | |
International Consolidated Airlines Group SA (CDI)1,2 | 9,072,800 | 21,737 | |
ZTO Express (Cayman), Inc., Class A (ADR) | 685,354 | 21,013 | |
Brenntag SE1 | 222,191 | 20,727 | |
Nihon M&A Center Holdings, Inc.1 | 657,010 | 19,361 | |
SMC Corp.1 | 28,900 | 18,081 | |
Bureau Veritas SA1 | 443,000 | 13,597 | |
Rumo SA2 | 4,301,900 | 13,263 |
American Funds Insurance Series — International Fund — Page 23 of 242
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Fluidra, SA, non-registered shares1,2 | 323,856 | $12,796 | |
Fluidra, SA, non-registered shares1 | 5,844 | 231 | |
LIXIL Corp.1 | 441,700 | 12,835 | |
CCR SA, ordinary nominative shares | 5,580,000 | 11,988 | |
Diploma PLC1 | 253,700 | 9,539 | |
Airports of Thailand PCL, foreign registered shares1 | 5,078,900 | 9,148 | |
Alliance Global Group, Inc.1 | 20,000,000 | 4,046 | |
1,258,621 | |||
Health care 12.32% | |||
Daiichi Sankyo Company, Ltd.1 | 10,688,500 | 285,146 | |
WuXi Biologics (Cayman), Inc.1,2 | 11,291,300 | 182,504 | |
Olympus Corp.1 | 5,290,400 | 116,184 | |
Grifols, SA, Class A, non-registered shares1 | 2,691,000 | 65,614 | |
Grifols, SA, Class B (ADR) | 793,690 | 11,596 | |
M3, Inc.1 | 1,053,300 | 75,195 | |
Fresenius SE & Co. KGaA1 | 1,490,136 | 71,645 | |
WuXi AppTec Co., Ltd., Class A1 | 2,367,360 | 56,004 | |
WuXi AppTec Co., Ltd., Class H1 | 312,000 | 7,283 | |
Hikma Pharmaceuticals PLC1 | 1,772,394 | 58,309 | |
Chugai Pharmaceutical Co., Ltd.1 | 1,229,500 | 45,039 | |
Teva Pharmaceutical Industries, Ltd. (ADR)2 | 4,143,498 | 40,358 | |
Aier Eye Hospital Group Co., Ltd., Class A1 | 4,612,081 | 37,965 | |
Notre Dame Intermédica Participações SA | 2,760,862 | 37,825 | |
Alcon, Inc.1 | 439,639 | 35,615 | |
Merck KGaA1 | 110,400 | 24,007 | |
CanSino Biologics, Inc., Class H1,2 | 440,000 | 15,497 | |
HOYA Corp.1 | 90,500 | 14,154 | |
Ambu AS, Class B, non-registered shares1 | 338,463 | 9,998 | |
Ping An Healthcare and Technology Co., Ltd., Class H1,2,3 | 1,293,000 | 8,369 | |
1,198,307 | |||
Information technology 11.41% | |||
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 6,182,000 | 127,479 | |
ASML Holding NV1 | 164,864 | 121,616 | |
Atlassian Corp. PLC, Class A2 | 267,500 | 104,705 | |
Nomura Research Institute, Ltd.1 | 2,348,700 | 86,560 | |
Nice, Ltd. (ADR) | 302,700 | 85,979 | |
PagSeguro Digital, Ltd., Class A2 | 1,377,948 | 71,267 | |
StoneCo, Ltd., Class A2 | 1,986,813 | 68,982 | |
Delta Electronics, Inc.1 | 6,220,409 | 55,960 | |
Fujitsu Ltd.1 | 279,800 | 50,815 | |
Keyence Corp.1 | 77,200 | 46,257 | |
Samsung Electronics Co., Ltd.1 | 631,500 | 39,304 | |
NXP Semiconductors NV | 173,200 | 33,925 | |
Infineon Technologies AG1 | 728,000 | 29,927 | |
Snowflake, Inc., Class A2 | 88,600 | 26,795 | |
Silergy Corp.1 | 176,000 | 25,846 | |
Suse SA1,2,3 | 593,940 | 24,348 | |
Hexagon AB, Class B1 | 1,191,300 | 18,356 | |
OBIC Co., Ltd.1 | 83,700 | 16,016 | |
SUMCO Corp.1 | 660,300 | 13,257 | |
Okta, Inc., Class A2 | 53,850 | 12,781 | |
ASM International NV1 | 31,648 | 12,357 | |
Afterpay, Ltd.1,2 | 120,994 | 10,467 |
American Funds Insurance Series — International Fund — Page 24 of 242
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Xero, Ltd.1,2 | 95,031 | $9,470 | |
TELUS International (Cda), Inc., subordinate voting shares2 | 254,400 | 8,907 | |
Kingdee International Software Group Co., Ltd.1,2 | 2,600,000 | 8,608 | |
Canva, Inc.1,2,4,5 | 263 | 448 | |
1,110,432 | |||
Consumer discretionary 10.50% | |||
MercadoLibre, Inc.2 | 164,618 | 276,459 | |
Delivery Hero SE1,2 | 934,776 | 119,703 | |
Prosus NV, Class N1 | 1,241,919 | 97,811 | |
Sony Group Corp.1 | 864,500 | 96,272 | |
Just Eat Takeaway (GBP denominated)1,2 | 439,383 | 31,893 | |
Just Eat Takeaway (EUR denominated)1,2 | 277,964 | 20,255 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 66,563 | 47,597 | |
Evolution AB1 | 305,145 | 46,385 | |
Maruti Suzuki India, Ltd.1 | 392,000 | 38,704 | |
Meituan, Class B1,2 | 1,170,627 | 36,555 | |
Kering SA1 | 46,083 | 32,775 | |
Flutter Entertainment PLC (EUR denominated)1,2 | 158,674 | 31,150 | |
Ferrari NV (EUR denominated)1 | 111,135 | 23,265 | |
Americanas SA, ordinary nominative shares2 | 3,734,000 | 21,201 | |
Galaxy Entertainment Group, Ltd.1,2 | 3,859,000 | 19,471 | |
EssilorLuxottica1 | 80,200 | 15,336 | |
Bandai Namco Holdings, Inc.1 | 164,342 | 12,341 | |
Pan Pacific International Holdings Corp.1 | 543,400 | 11,262 | |
adidas AG1 | 35,655 | 11,235 | |
Naspers, Ltd., Class N1 | 65,004 | 10,712 | |
Astra International Tbk PT1 | 19,726,000 | 7,536 | |
Coupang, Inc., Class A2 | 229,200 | 6,383 | |
On Holding AG, Class A2,3 | 128,900 | 3,884 | |
Melco Resorts & Entertainment, Ltd. (ADR)2 | 365,723 | 3,745 | |
1,021,930 | |||
Energy 7.86% | |||
Reliance Industries, Ltd.1 | 12,705,735 | 429,675 | |
Reliance Industries, Ltd., interim shares1 | 196,599 | 4,938 | |
Petróleo Brasileiro SA (Petrobras), ordinary nominative shares (ADR) | 10,480,973 | 108,373 | |
Neste OYJ1 | 1,513,418 | 85,416 | |
TotalEnergies SE1 | 1,147,298 | 54,978 | |
Cenovus Energy, Inc. | 4,757,600 | 47,967 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 531,700 | 19,440 | |
Royal Dutch Shell PLC, Class A (GBP denominated)1 | 530,100 | 11,711 | |
Royal Dutch Shell PLC, Class B1 | 95,443 | 2,114 | |
764,612 | |||
Communication services 5.99% | |||
Sea, Ltd., Class A (ADR)2 | 510,674 | 162,767 | |
Bharti Airtel, Ltd.1 | 11,708,321 | 107,340 | |
Bilibili, Inc., Class Z (ADR)2,3 | 516,206 | 34,157 | |
Bilibili, Inc., Class Z1,2 | 502,300 | 33,538 | |
SoftBank Corp.1 | 4,438,300 | 60,260 | |
Facebook, Inc., Class A2 | 127,500 | 43,272 | |
SoftBank Group Corp.1 | 660,789 | 38,185 | |
Tencent Holdings, Ltd.1 | 507,687 | 29,768 | |
Yandex NV, Class A2 | 313,000 | 24,943 |
American Funds Insurance Series — International Fund — Page 25 of 242
unaudited
Common stocks (continued) Communication services (continued) | Shares | Value (000) | |
Playtika Holding Corp.2 | 687,500 | $18,996 | |
Universal Music Group NV1,2 | 538,449 | 14,417 | |
Scout24 AG1 | 154,000 | 10,689 | |
Vivendi SE1 | 343,933 | 4,338 | |
582,670 | |||
Materials 5.84% | |||
Vale SA, ordinary nominative shares (ADR) | 15,124,252 | 210,983 | |
Vale SA, ordinary nominative shares | 770,681 | 10,790 | |
First Quantum Minerals, Ltd. | 10,694,500 | 197,999 | |
Linde PLC (EUR denominated)1 | 135,800 | 40,377 | |
Shin-Etsu Chemical Co., Ltd.1 | 184,400 | 31,102 | |
BASF SE1 | 317,860 | 24,219 | |
Ivanhoe Mines Ltd., Class A2 | 3,403,051 | 21,763 | |
Akzo Nobel NV1 | 107,048 | 11,657 | |
Koninklijke DSM NV1 | 55,354 | 11,064 | |
Yunnan Energy New Material Co., Ltd., Class A1 | 196,300 | 8,511 | |
568,465 | |||
Consumer staples 3.33% | |||
Danone SA1 | 813,500 | 55,525 | |
Kweichow Moutai Co., Ltd., Class A1 | 185,123 | 52,448 | |
Shiseido Company, Ltd.1 | 746,400 | 50,305 | |
Treasury Wine Estates, Ltd.1 | 4,601,735 | 40,909 | |
Swedish Match AB1 | 3,167,673 | 27,781 | |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A1 | 3,922,503 | 22,722 | |
Heineken NV1 | 201,973 | 20,996 | |
CP ALL PCL, foreign registered shares1 | 9,053,300 | 17,000 | |
Pernod Ricard SA1 | 77,577 | 16,965 | |
Chocoladefabriken Lindt & Sprüngli AG1 | 97 | 11,390 | |
Dabur India, Ltd.1 | 933,875 | 7,758 | |
323,799 | |||
Utilities 2.48% | |||
ENN Energy Holdings, Ltd.1 | 11,219,800 | 183,734 | |
China Gas Holdings, Ltd.1 | 19,477,800 | 57,436 | |
241,170 | |||
Real estate 0.15% | |||
Ayala Land, Inc.1 | 23,109,600 | 15,084 | |
Total common stocks (cost: $6,286,932,000) | 9,111,328 | ||
Preferred securities 1.58% Energy 1.01% | |||
Petróleo Brasileiro SA (Petrobras), preferred nominative shares (ADR) | 6,336,898 | 63,369 | |
Petróleo Brasileiro SA (Petrobras), preferred nominative shares | 6,940,808 | 34,706 | |
98,075 | |||
Health care 0.46% | |||
Grifols, SA, Class B, nonvoting non-registered preferred shares1 | 3,026,230 | 44,610 |
American Funds Insurance Series — International Fund — Page 26 of 242
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Preferred securities (continued) Consumer discretionary 0.11% | Shares | Value (000) | |
Volkswagen AG, nonvoting preferred shares1 | 49,526 | $11,095 | |
Total preferred securities (cost: $152,331,000) | 153,780 | ||
Rights & warrants 0.28% Health care 0.26% | |||
WuXi AppTec Co., Ltd., Class A, warrants, expire 20221,2,6 | 1,075,200 | 25,436 | |
Communication services 0.02% | |||
Bharti Airtel Ltd., rights, expire 20211,2 | 836,308 | 1,727 | |
Total rights & warrants (cost: $20,683,000) | 27,163 | ||
Short-term securities 4.52% Money market investments 4.24% | |||
Capital Group Central Cash Fund 0.06%7,8 | 4,131,249 | 413,166 | |
Money market investments purchased with collateral from securities on loan 0.28% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%7,9 | 11,948,634 | 11,949 | |
Capital Group Central Cash Fund 0.06%7,8,9 | 103,958 | 10,397 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%7,9 | 4,834,219 | 4,834 | |
27,180 | |||
Total short-term securities (cost: $440,307,000) | 440,346 | ||
Total investment securities 100.02% (cost: $6,900,253,000) | 9,732,617 | ||
Other assets less liabilities (0.02)% | (2,308) | ||
Net assets 100.00% | $9,730,309 |
Investments in affiliates8
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized depreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 4.35% | |||||||
Money market investments 4.24% | |||||||
Capital Group Central Cash Fund 0.06%7 | $523,844 | $2,497,188 | $2,607,834 | $(7) | $(25) | $413,166 | $223 |
Money market investments purchased with collateral from securities on loan 0.11% | |||||||
Capital Group Central Cash Fund 0.06%7,9 | — | 10,39710 | 10,397 | —11 | |||
Total short-term securities | 423,563 | ||||||
Total 4.35% | $(7) | $(25) | $423,563 | $223 |
American Funds Insurance Series — International Fund — Page 27 of 242
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1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $7,219,136,000, which represented 74.19% of the net assets of the fund. This amount includes $7,191,525,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $29,336,000, which represented .30% of the net assets of the fund. |
4 | Value determined using significant unobservable inputs. |
5 | 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. Further details on this holding appear below. |
6 | 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 $25,436,000, which represented .26% of the net assets of the fund. |
7 | Rate represents the seven-day yield at 9/30/2021. |
8 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
9 | Security purchased with cash collateral from securities on loan. |
10 | Represents net activity. |
11 | Dividend income is included with securities lending income and is not shown in this table. |
Private placement security | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Canva, Inc. | 8/26/2021 | $448 | $448 | .00% |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
EUR = Euros |
GBP = British pounds |
American Funds Insurance Series — International Fund — Page 28 of 242
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Common stocks 91.36% Information technology 20.14% | Shares | Value (000) | |
Microsoft Corp. | 415,972 | $117,271 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 3,995,000 | 82,381 | |
PayPal Holdings, Inc.2 | 272,084 | 70,799 | |
Silergy Corp.1 | 399,094 | 58,608 | |
PagSeguro Digital, Ltd., Class A2 | 1,104,591 | 57,129 | |
Adobe, Inc.2 | 74,882 | 43,111 | |
ASML Holding NV1 | 57,991 | 42,778 | |
Keyence Corp.1 | 62,700 | 37,569 | |
Broadcom, Inc. | 70,977 | 34,419 | |
EPAM Systems, Inc.2 | 44,467 | 25,368 | |
Cree, Inc.2 | 295,524 | 23,858 | |
Micron Technology, Inc. | 329,596 | 23,395 | |
Mastercard, Inc., Class A | 66,847 | 23,241 | |
StoneCo, Ltd., Class A2 | 549,141 | 19,066 | |
Apple, Inc. | 128,519 | 18,185 | |
Tata Consultancy Services Ltd.1 | 336,484 | 17,039 | |
Samsung Electronics Co., Ltd.1 | 222,925 | 13,875 | |
Network International Holdings PLC1,2 | 2,752,127 | 13,464 | |
Kingdee International Software Group Co., Ltd.1,2 | 3,147,000 | 10,418 | |
Visa, Inc., Class A | 45,183 | 10,064 | |
TELUS International (Cda), Inc., subordinate voting shares2 | 275,365 | 9,641 | |
Nice, Ltd. (ADR) | 32,606 | 9,261 | |
Hexagon AB, Class B1 | 549,155 | 8,461 | |
NVIDIA Corp. | 37,365 | 7,741 | |
Accenture PLC, Class A | 23,826 | 7,622 | |
Atlassian Corp. PLC, Class A2 | 18,534 | 7,255 | |
Advanced Micro Devices, Inc.2 | 69,025 | 7,103 | |
Tokyo Electron, Ltd.1 | 14,900 | 6,568 | |
Cognizant Technology Solutions Corp., Class A | 87,827 | 6,518 | |
MediaTek, Inc.1 | 184,000 | 5,931 | |
Nokia Corp.1,2 | 1,067,754 | 5,874 | |
Edenred SA1 | 108,779 | 5,859 | |
Trimble, Inc.2 | 63,821 | 5,249 | |
NXP Semiconductors NV | 24,615 | 4,821 | |
Globant SA2 | 16,873 | 4,741 | |
Halma PLC1 | 115,652 | 4,412 | |
Logitech International SA1 | 40,546 | 3,591 | |
Aspen Technology, Inc.2 | 19,914 | 2,445 | |
Amadeus IT Group SA, Class A, non-registered shares1,2 | 36,543 | 2,401 | |
ON Semiconductor Corp.2 | 48,695 | 2,229 | |
Autodesk, Inc.2 | 7,513 | 2,142 | |
FleetCor Technologies, Inc.2 | 8,136 | 2,126 | |
VeriSign, Inc.2 | 8,923 | 1,829 | |
Hamamatsu Photonics KK1 | 29,000 | 1,799 | |
KLA Corp. | 5,208 | 1,742 | |
Flat Glass Group Co., Ltd., Class H1,2 | 366,000 | 1,722 |
American Funds Insurance Series — New World Fund — Page 29 of 242
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Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Intel Corp. | 30,635 | $1,632 | |
GDS Holdings, Ltd., Class A1,2 | 223,300 | 1,589 | |
SAP SE1 | 11,071 | 1,500 | |
Hundsun Technologies Inc., Class A1 | 166,577 | 1,477 | |
Elastic NV, non-registered shares2 | 9,576 | 1,427 | |
Coforge, Ltd.1 | 19,788 | 1,395 | |
Infineon Technologies AG1 | 28,823 | 1,185 | |
Applied Materials, Inc. | 8,266 | 1,064 | |
MKS Instruments, Inc. | 5,907 | 891 | |
Fabrinet, non-registered shares2 | 8,236 | 844 | |
Linklogis, Inc., Class B1,2 | 604,500 | 617 | |
Nu Holdings, Ltd., Class A1,2,3,4 | 12,397 | 461 | |
Canva, Inc.1,2,3,4 | 21 | 36 | |
885,239 | |||
Health care 13.24% | |||
Thermo Fisher Scientific, Inc. | 84,212 | 48,113 | |
WuXi Biologics (Cayman), Inc.1,2 | 2,296,600 | 37,121 | |
Carl Zeiss Meditec AG, non-registered shares1 | 191,886 | 36,886 | |
WuXi AppTec Co., Ltd., Class A1 | 994,759 | 23,533 | |
WuXi AppTec Co., Ltd., Class H1 | 525,800 | 12,274 | |
Zai Lab, Ltd. (ADR)2 | 279,009 | 29,405 | |
Abbott Laboratories | 245,005 | 28,942 | |
BeiGene, Ltd. (ADR)2 | 59,469 | 21,587 | |
BeiGene, Ltd.1,2 | 49,700 | 1,417 | |
CanSino Biologics, Inc., Class H1,2 | 604,718 | 21,299 | |
PerkinElmer, Inc. | 122,607 | 21,247 | |
Notre Dame Intermédica Participações SA | 1,393,141 | 19,087 | |
Pharmaron Beijing Co., Ltd., Class H1 | 441,700 | 10,496 | |
Pharmaron Beijing Co., Ltd., Class A1 | 253,100 | 8,405 | |
Danaher Corp. | 57,115 | 17,388 | |
Jiangsu Hengrui Medicine Co., Ltd., Class A1 | 2,181,392 | 16,942 | |
AstraZeneca PLC1 | 140,549 | 16,920 | |
Laurus Labs, Ltd.1 | 1,691,820 | 13,940 | |
Shionogi & Co., Ltd.1 | 198,200 | 13,578 | |
BioMarin Pharmaceutical, Inc.2 | 165,348 | 12,780 | |
CSL, Ltd.1 | 53,076 | 11,193 | |
Olympus Corp.1 | 430,700 | 9,459 | |
Novo Nordisk A/S, Class B1 | 93,964 | 9,038 | |
Medtronic PLC | 71,546 | 8,968 | |
Straumann Holding AG1 | 4,857 | 8,692 | |
Aier Eye Hospital Group Co., Ltd., Class A1 | 1,047,553 | 8,623 | |
Hutchmed China, Ltd. (ADR)2 | 156,102 | 5,715 | |
Hutchmed China, Ltd.1,2 | 382,500 | 2,775 | |
Koninklijke Philips NV (EUR denominated)1 | 178,312 | 7,903 | |
Angelalign Technology, Inc.1,2 | 183,200 | 7,788 | |
Gland Pharma, Ltd.1,2 | 154,995 | 7,658 | |
Hypera SA, ordinary nominative shares | 1,093,082 | 6,451 | |
Asahi Intecc Co., Ltd.1 | 222,300 | 6,099 | |
Pfizer, Inc. | 133,157 | 5,727 | |
Zoetis, Inc., Class A | 29,114 | 5,652 | |
Teva Pharmaceutical Industries, Ltd. (ADR)2 | 551,232 | 5,369 | |
Merck KGaA1 | 22,956 | 4,992 | |
Alcon, Inc.1 | 52,853 | 4,282 | |
Grifols, SA, Class A, non-registered shares1 | 170,956 | 4,168 |
American Funds Insurance Series — New World Fund — Page 30 of 242
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Genus PLC1 | 55,294 | $4,053 | |
Hikma Pharmaceuticals PLC1 | 123,131 | 4,051 | |
Hugel, Inc.1,2 | 27,502 | 3,999 | |
Eli Lilly and Company | 17,159 | 3,965 | |
HOYA Corp.1 | 23,800 | 3,722 | |
Alibaba Health Information Technology, Ltd.1,2 | 2,324,000 | 3,325 | |
Baxter International, Inc. | 32,892 | 2,645 | |
OdontoPrev SA, ordinary nominative shares | 818,190 | 2,473 | |
Mettler-Toledo International, Inc.2 | 1,570 | 2,162 | |
bioMérieux SA1 | 18,855 | 2,141 | |
Rede D’Or Sao Luiz SA | 170,266 | 2,123 | |
Guangzhou Kingmed Diagnostics Group Co., Ltd., Class A1 | 106,133 | 1,681 | |
Hangzhou Tigermed Consulting Co., Ltd., Class A1 | 56,371 | 1,511 | |
Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A1,2 | 24,200 | 1,440 | |
Novartis AG1 | 8,982 | 737 | |
Shandong Pharmaceutical Glass Co., Ltd., Class A1 | 66,700 | 306 | |
582,246 | |||
Financials 12.39% | |||
Kotak Mahindra Bank, Ltd.1,2 | 3,198,963 | 86,147 | |
HDFC Bank, Ltd.1 | 2,276,397 | 48,803 | |
HDFC Bank, Ltd. (ADR) | 72,049 | 5,266 | |
AIA Group, Ltd.1 | 4,680,600 | 53,893 | |
Société Générale1 | 1,165,350 | 36,589 | |
Bajaj Finance, Ltd.1 | 257,247 | 26,408 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 3,553,844 | 24,115 | |
Sberbank of Russia PJSC (ADR)1 | 1,010,412 | 18,774 | |
Sberbank of Russia PJSC (ADR) | 217,010 | 4,069 | |
Capitec Bank Holdings, Ltd.1 | 175,044 | 21,152 | |
UniCredit SpA1 | 1,468,333 | 19,422 | |
ICICI Bank, Ltd. (ADR) | 790,327 | 14,914 | |
ICICI Bank, Ltd.1 | 358,754 | 3,372 | |
B3 SA-Brasil, Bolsa, Balcao | 7,282,678 | 17,037 | |
Banco Santander, SA1 | 4,541,178 | 16,449 | |
S&P Global, Inc. | 32,084 | 13,632 | |
Bajaj Finserv, Ltd.1 | 56,801 | 13,593 | |
HDFC Life Insurance Company, Ltd.1 | 1,337,176 | 12,976 | |
XP, Inc., Class A2 | 280,637 | 11,273 | |
Hong Kong Exchanges and Clearing, Ltd.1 | 159,900 | 9,706 | |
Moody’s Corp. | 21,519 | 7,642 | |
TCS Group Holding PLC (GDR)1 | 83,161 | 7,572 | |
Discovery, Ltd.1,2 | 740,290 | 6,727 | |
AU Small Finance Bank, Ltd.1,2 | 419,458 | 6,504 | |
China Merchants Bank Co., Ltd., Class H1 | 803,000 | 6,373 | |
Futu Holdings, Ltd. (ADR)2 | 61,496 | 5,597 | |
Banco Bilbao Vizcaya Argentaria, SA1 | 843,619 | 5,565 | |
Eurobank Ergasias Services and Holdings SA1,2 | 5,596,266 | 5,240 | |
Fairfax Financial Holdings, Ltd., subordinate voting shares | 12,503 | 5,047 | |
Industrial and Commercial Bank of China Ltd., Class H1 | 7,598,000 | 4,194 | |
DBS Group Holdings, Ltd.1 | 184,073 | 4,088 | |
Alpha Services and Holdings SA1,2 | 2,850,886 | 3,573 | |
UBS Group AG1 | 211,613 | 3,382 | |
Lufax Holding, Ltd. (ADR)2 | 428,674 | 2,992 | |
Grupo Financiero Banorte, SAB de CV, Series O | 413,062 | 2,653 | |
Chubb, Ltd. | 13,538 | 2,349 |
American Funds Insurance Series — New World Fund — Page 31 of 242
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Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Axis Bank, Ltd.1,2 | 208,801 | $2,151 | |
China Construction Bank Corp., Class H1 | 2,259,000 | 1,602 | |
Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México, Class B | 1,336,017 | 1,513 | |
Postal Savings Bank of China Co., Ltd., Class H1 | 1,687,000 | 1,163 | |
Moscow Exchange MICEX-RTS PJSC1 | 438,203 | 1,046 | |
544,563 | |||
Consumer discretionary 12.10% | |||
MercadoLibre, Inc.2 | 58,829 | 98,797 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 57,613 | 41,197 | |
Li Ning Co., Ltd.1 | 3,012,001 | 34,746 | |
General Motors Company2 | 657,697 | 34,667 | |
Hermès International1 | 18,691 | 25,832 | |
Evolution AB1 | 132,665 | 20,166 | |
Pop Mart International Group, Ltd.1 | 2,880,921 | 19,654 | |
EssilorLuxottica1 | 97,818 | 18,704 | |
Xpeng, Inc., Class A (ADR)2,5 | 444,409 | 15,794 | |
Midea Group Co., Ltd., Class A1 | 1,093,182 | 11,778 | |
YUM! Brands, Inc. | 92,604 | 11,326 | |
Booking Holdings, Inc.2 | 4,253 | 10,096 | |
Kering SA1 | 14,044 | 9,988 | |
adidas AG1 | 30,098 | 9,484 | |
China MeiDong Auto Holdings, Ltd.1 | 1,784,000 | 8,930 | |
Galaxy Entertainment Group, Ltd.1,2 | 1,707,000 | 8,613 | |
Marriott International, Inc., Class A2 | 55,183 | 8,172 | |
NIKE, Inc., Class B | 55,769 | 8,099 | |
JD.com, Inc., Class A1,2 | 212,150 | 7,710 | |
Zhongsheng Group Holdings, Ltd.1 | 930,500 | 7,479 | |
Huazhu Group, Ltd. (ADR)2 | 161,787 | 7,420 | |
Wyndham Hotels & Resorts, Inc. | 93,269 | 7,199 | |
Trip.com Group, Ltd. (ADR)2 | 232,047 | 7,135 | |
Delivery Hero SE1,2 | 54,249 | 6,947 | |
Zomato, Ltd.1,2 | 3,493,675 | 6,423 | |
Meituan, Class B1,2 | 205,500 | 6,417 | |
Jumbo SA1 | 367,791 | 5,982 | |
Industria de Diseño Textil, SA1 | 159,909 | 5,818 | |
IDP Education, Ltd.1 | 231,178 | 5,687 | |
Cie. Financière Richemont SA, Class A1 | 49,017 | 5,054 | |
Astra International Tbk PT1 | 13,071,600 | 4,994 | |
Prosus NV, Class N1 | 50,338 | 3,965 | |
Aptiv PLC2 | 26,453 | 3,941 | |
Airbnb, Inc., Class A2 | 20,018 | 3,358 | |
Melco Resorts & Entertainment, Ltd. (ADR)2 | 327,204 | 3,351 | |
Naspers, Ltd., Class N1 | 19,735 | 3,252 | |
Samsonite International SA1,2 | 1,399,200 | 2,998 | |
Maruti Suzuki India, Ltd.1 | 27,315 | 2,697 | |
Suzuki Motor Corp.1 | 54,700 | 2,438 | |
Inchcape PLC1 | 221,881 | 2,410 | |
SAIC Motor Corp., Ltd., Class A1 | 791,400 | 2,337 | |
Flutter Entertainment PLC (EUR denominated)1,2 | 11,607 | 2,279 | |
Gree Electric Appliances, Inc. of Zhuhai, Class A1 | 367,946 | 2,207 | |
Alibaba Group Holding, Ltd.1,2 | 117,372 | 2,183 | |
JD Health International, Inc.1,2 | 182,300 | 1,740 | |
Entain PLC1,2 | 57,643 | 1,650 | |
Shangri-La Asia, Ltd.1,2 | 2,020,000 | 1,600 |
American Funds Insurance Series — New World Fund — Page 32 of 242
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Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Tesla, Inc.2 | 1,956 | $1,517 | |
Wynn Resorts, Ltd.2 | 17,044 | 1,445 | |
Americanas SA, ordinary nominative shares2 | 217,666 | 1,236 | |
Lojas Americanas SA, ordinary nominative shares | 1,454,649 | 1,178 | |
Stellantis NV1 | 60,363 | 1,155 | |
Levi Strauss & Co., Class A | 39,011 | 956 | |
Jiumaojiu International Holdings, Ltd.1 | 239,000 | 721 | |
Vivo Energy PLC1 | 482,812 | 693 | |
Cyrela Brazil Realty SA, ordinary nominative shares | 119,389 | 395 | |
532,010 | |||
Communication services 8.90% | |||
Sea, Ltd., Class A (ADR)2 | 260,200 | 82,934 | |
Alphabet, Inc., Class C2 | 20,673 | 55,100 | |
Alphabet, Inc., Class A2 | 4,251 | 11,365 | |
Facebook, Inc., Class A2 | 151,991 | 51,584 | |
Tencent Holdings, Ltd.1 | 725,900 | 42,563 | |
Yandex NV, Class A2 | 335,041 | 26,699 | |
Netflix, Inc.2 | 43,465 | 26,528 | |
América Móvil, SAB de CV, Series L (ADR) | 1,202,968 | 21,256 | |
Bilibili, Inc., Class Z1,2 | 203,686 | 13,599 | |
Bilibili, Inc., Class Z (ADR)2 | 30,042 | 1,988 | |
Bharti Airtel, Ltd.1 | 1,137,641 | 10,430 | |
Vodafone Group PLC1 | 6,456,039 | 9,766 | |
MTN Group, Ltd.1,2 | 990,556 | 9,297 | |
Activision Blizzard, Inc. | 113,874 | 8,813 | |
Indus Towers, Ltd.1 | 1,555,284 | 6,399 | |
NetEase, Inc. (ADR) | 40,055 | 3,421 | |
NetEase, Inc.1 | 163,300 | 2,805 | |
JCDecaux SA1,2 | 170,499 | 4,502 | |
Informa PLC1,2 | 180,371 | 1,322 | |
SoftBank Group Corp.1 | 15,900 | 919 | |
391,290 | |||
Industrials 6.72% | |||
Airbus SE, non-registered shares1,2 | 343,802 | 45,139 | |
IMCD NV1 | 102,757 | 19,509 | |
Safran SA1 | 150,959 | 18,927 | |
Wizz Air Holdings PLC1,2 | 259,560 | 17,285 | |
International Container Terminal Services, Inc.1 | 4,032,040 | 15,405 | |
DSV A/S1 | 63,883 | 15,252 | |
Contemporary Amperex Technology Co., Ltd., Class A1 | 164,998 | 13,428 | |
Nidec Corp.1 | 103,700 | 11,504 | |
Copa Holdings, SA, Class A2 | 127,975 | 10,415 | |
General Electric Co. | 99,803 | 10,283 | |
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A1 | 2,456,524 | 8,653 | |
Shenzhen Inovance Technology Co., Ltd., Class A1 | 848,969 | 8,280 | |
Ryanair Holdings PLC (ADR)2 | 73,383 | 8,077 | |
Rumo SA2 | 2,497,289 | 7,699 | |
TransDigm Group, Inc.2 | 10,897 | 6,806 | |
SMC Corp.1 | 10,500 | 6,569 | |
Carrier Global Corp. | 107,885 | 5,584 | |
Spirax-Sarco Engineering PLC1 | 27,744 | 5,576 | |
CCR SA, ordinary nominative shares | 2,328,133 | 5,002 | |
Interpump Group SpA1 | 76,823 | 4,976 |
American Funds Insurance Series — New World Fund — Page 33 of 242
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Boeing Company2 | 22,037 | $4,847 | |
InPost SA1,2 | 287,984 | 4,750 | |
ZTO Express (Cayman), Inc., Class A (ADR) | 148,533 | 4,554 | |
Centre Testing International Group Co., Ltd.1 | 1,045,396 | 4,101 | |
Raytheon Technologies Corp. | 42,943 | 3,691 | |
Daikin Industries, Ltd.1 | 17,000 | 3,656 | |
Havells India, Ltd.1 | 196,876 | 3,635 | |
Hitachi, Ltd.1 | 52,900 | 3,137 | |
Epiroc AB, Class B1 | 167,785 | 2,965 | |
Fluidra, SA, non-registered shares1 | 74,576 | 2,947 | |
ABB, Ltd.1 | 76,684 | 2,556 | |
Fortive Corp. | 28,860 | 2,037 | |
Atlas Copco AB, Class B1 | 34,211 | 1,749 | |
Air Lease Corp., Class A | 43,546 | 1,713 | |
China Merchants Port Holdings Co. Ltd.1 | 768,000 | 1,312 | |
Experian PLC1 | 30,843 | 1,281 | |
Haitian International Holdings, Ltd.1 | 236,000 | 733 | |
United Airlines Holdings, Inc.2 | 14,717 | 700 | |
Hefei Meyer Optoelectronic Technology, Inc., Class A1 | 97,000 | 571 | |
295,304 | |||
Materials 6.49% | |||
Vale SA, ordinary nominative shares (ADR) | 2,130,502 | 29,720 | |
Vale SA, ordinary nominative shares | 1,911,722 | 26,764 | |
First Quantum Minerals, Ltd. | 2,038,713 | 37,745 | |
Asian Paints, Ltd.1 | 503,392 | 21,842 | |
Sika AG1 | 68,435 | 21,646 | |
Freeport-McMoRan, Inc. | 389,345 | 12,665 | |
Barrick Gold Corp. | 557,487 | 10,063 | |
Albemarle Corp. | 40,172 | 8,796 | |
Shin-Etsu Chemical Co., Ltd.1 | 51,600 | 8,703 | |
Shree Cement, Ltd.1 | 22,292 | 8,653 | |
Linde PLC | 26,593 | 7,802 | |
Koninklijke DSM NV1 | 35,136 | 7,023 | |
Wacker Chemie AG1 | 36,435 | 6,837 | |
Rio Tinto PLC1 | 102,704 | 6,781 | |
Givaudan SA1 | 1,470 | 6,714 | |
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A1 | 912,393 | 6,261 | |
BASF SE1 | 81,704 | 6,225 | |
LANXESS AG1 | 73,268 | 4,982 | |
CEMEX, SAB de CV, ordinary participation certificates, units (ADR)2 | 687,139 | 4,927 | |
BHP Group PLC1 | 190,929 | 4,759 | |
Alrosa PJSC1 | 2,511,114 | 4,570 | |
Loma Negra Compania Industrial Argentina SA (ADR) | 565,048 | 4,029 | |
Shandong Sinocera Functional Material Co., Ltd., Class A1 | 626,700 | 3,992 | |
CCL Industries, Inc., Class B, nonvoting shares | 74,490 | 3,858 | |
Ivanhoe Mines Ltd., Class A2 | 551,641 | 3,528 | |
SIG Combibloc Group AG1 | 115,777 | 3,071 | |
Arkema SA1 | 22,838 | 3,021 | |
Celanese Corp. | 13,955 | 2,102 | |
Impala Platinum Holdings, Ltd.1 | 160,425 | 1,795 | |
Amcor PLC (CDI)1 | 149,945 | 1,772 | |
Umicore SA1 | 29,864 | 1,770 | |
Navin Fluorine International, Ltd.1 | 21,196 | 1,045 | |
Anglo American PLC1 | 22,331 | 770 |
American Funds Insurance Series — New World Fund — Page 34 of 242
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Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Chr. Hansen Holding A/S1 | 7,302 | $596 | |
Yunnan Energy New Material Co., Ltd., Class A1 | 12,800 | 555 | |
285,382 | |||
Consumer staples 5.16% | |||
Kweichow Moutai Co., Ltd., Class A1 | 212,507 | 60,207 | |
Nestlé SA1 | 106,756 | 12,845 | |
Bunge, Ltd. | 157,197 | 12,783 | |
Constellation Brands, Inc., Class A | 52,891 | 11,144 | |
Pernod Ricard SA1 | 44,032 | 9,629 | |
Anheuser-Busch InBev SA/NV1 | 168,402 | 9,511 | |
British American Tobacco PLC1 | 270,437 | 9,435 | |
Carlsberg A/S, Class B1 | 53,191 | 8,653 | |
Foshan Haitian Flavouring and Food Co., Ltd., Class A1 | 471,089 | 8,006 | |
Avenue Supermarts, Ltd.1,2 | 134,844 | 7,681 | |
Raia Drogasil SA, ordinary nominative shares | 1,495,571 | 6,418 | |
Wuliangye Yibin Co., Ltd., Class A1 | 175,271 | 5,954 | |
United Spirits, Ltd.1,2 | 511,633 | 5,830 | |
ITC, Ltd.1 | 1,831,504 | 5,788 | |
Heineken NV1 | 40,609 | 4,221 | |
Wal-Mart de México, SAB de CV, Series V | 1,181,457 | 4,014 | |
Reckitt Benckiser Group PLC1 | 50,683 | 3,967 | |
Unilever PLC (EUR denominated)1 | 72,965 | 3,936 | |
Yihai International Holding, Ltd.1 | 677,000 | 3,747 | |
Shiseido Company, Ltd.1 | 49,900 | 3,363 | |
Monde Nissin Corp.1,2 | 8,712,500 | 3,203 | |
X5 Retail Group NV (GDR)1,2 | 93,180 | 3,023 | |
Kimberly-Clark de México, SAB de CV, Class A | 1,578,095 | 2,599 | |
L’Oréal SA, non-registered shares1 | 6,217 | 2,566 | |
Mondelez International, Inc. | 37,436 | 2,178 | |
Fomento Económico Mexicano, SAB de CV | 239,333 | 2,078 | |
Dabur India, Ltd.1 | 240,307 | 1,996 | |
Monster Beverage Corp.2 | 21,924 | 1,948 | |
Kimberly-Clark Corp. | 14,474 | 1,917 | |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A1 | 318,900 | 1,847 | |
Herbalife Nutrition, Ltd.2 | 38,982 | 1,652 | |
Danone SA1 | 23,668 | 1,615 | |
Arca Continental, SAB de CV | 237,400 | 1,448 | |
Uni-Charm Corp.1 | 20,600 | 914 | |
Diageo PLC1 | 11,617 | 560 | |
226,676 | |||
Energy 3.35% | |||
Reliance Industries, Ltd.1 | 2,651,163 | 89,655 | |
Reliance Industries, Ltd., interim shares1 | 151,056 | 3,794 | |
Petróleo Brasileiro SA (Petrobras), ordinary nominative shares (ADR) | 2,386,546 | 24,677 | |
Gazprom PJSC (ADR)1 | 1,122,993 | 11,054 | |
Rosneft Oil Company PJSC (GDR)1 | 661,381 | 5,514 | |
New Fortress Energy, Inc., Class A5 | 139,810 | 3,880 | |
Royal Dutch Shell PLC, Class B1 | 165,874 | 3,675 | |
TotalEnergies SE1 | 59,911 | 2,871 | |
Chevron Corp. | 22,384 | 2,271 | |
147,391 |
American Funds Insurance Series — New World Fund — Page 35 of 242
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Common stocks (continued) Utilities 1.55% | Shares | Value (000) | |
ENN Energy Holdings, Ltd.1 | 1,841,400 | $30,155 | |
China Gas Holdings, Ltd.1 | 4,655,200 | 13,727 | |
AES Corp. | 514,028 | 11,735 | |
Engie SA1 | 613,242 | 8,049 | |
Enel SpA1 | 389,325 | 2,989 | |
China Resources Gas Group, Ltd.1 | 282,000 | 1,480 | |
68,135 | |||
Real estate 1.32% | |||
American Tower Corp. REIT | 44,964 | 11,934 | |
Shimao Services Holdings, Ltd.1 | 5,788,187 | 11,885 | |
ESR Cayman, Ltd.1,2 | 2,926,000 | 8,833 | |
BR Malls Participacoes SA, ordinary nominative shares2 | 4,194,437 | 6,223 | |
CK Asset Holdings, Ltd.1 | 915,000 | 5,259 | |
CTP NV1,2 | 210,395 | 4,583 | |
Sunac Services Holdings, Ltd.1 | 1,548,496 | 3,186 | |
China Overseas Land & Investment Ltd.1 | 838,500 | 1,907 | |
Ayala Land, Inc.1 | 2,221,100 | 1,450 | |
KE Holdings, Inc., Class A (ADR)2 | 72,407 | 1,322 | |
Longfor Group Holdings, Ltd.1 | 274,000 | 1,259 | |
57,841 | |||
Total common stocks (cost: $2,464,666,000) | 4,016,077 | ||
Preferred securities 1.12% Industrials 0.26% | |||
Azul SA, preferred nominative shares (ADR)2 | 337,989 | 6,780 | |
GOL Linhas Aéreas Inteligentes SA, preferred nominative shares2 | 1,092,884 | 4,156 | |
GOL Linhas Aéreas Inteligentes SA, preferred nominative shares (ADR)2,5 | 72,525 | 554 | |
11,490 | |||
Consumer discretionary 0.26% | |||
Volkswagen AG, nonvoting preferred shares1 | 34,423 | 7,711 | |
Getir BV, Series H, preferred shares1,2,3,4 | 7,768 | 3,500 | |
11,211 | |||
Materials 0.24% | |||
Gerdau SA, preferred nominative shares | 2,148,399 | 10,691 | |
Real estate 0.15% | |||
QuintoAndar Servicos Imobiliarios Ltda, Series E, preferred shares1,2,3,4 | 32,657 | 6,672 | |
Ayala Land, Inc., preferred shares1,2,3 | 15,000,000 | —6 | |
6,672 | |||
Information technology 0.13% | |||
Nu Holdings, Ltd., Series G, noncumulative preferred shares1,2,3,4 | 112,623 | 4,190 | |
Nu Holdings, Ltd., Series A, noncumulative preferred shares1,2,3,4 | 19,235 | 716 | |
Nu Holdings, Ltd., Series Seed, noncumulative preferred shares1,2,3,4 | 15,954 | 593 | |
Nu Holdings, Ltd., Series B, noncumulative preferred shares1,2,3,4 | 1,101 | 41 | |
Nu Holdings, Ltd., Series D, noncumulative preferred shares1,2,3,4 | 585 | 22 | |
5,562 |
American Funds Insurance Series — New World Fund — Page 36 of 242
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Preferred securities (continued) Health care 0.06% | Shares | Value (000) | |
Grifols, SA, Class B, nonvoting non-registered preferred shares1 | 179,977 | $2,653 | |
Energy 0.02% | |||
Petróleo Brasileiro SA (Petrobras), preferred nominative shares | 182,615 | 913 | |
Total preferred securities (cost: $35,985,000) | 49,192 | ||
Rights & warrants 0.11% Consumer staples 0.09% | |||
Foshan Haitian Flavouring and Food Co., Ltd., Class A, warrants, expire 20221,2,7 | 233,908 | 3,975 | |
Materials 0.02% | |||
Shandong Sinocera Functional Material Co., Ltd., Class A, warrants, expire 20221,2,7 | 124,600 | 794 | |
Communication services 0.00% | |||
Bharti Airtel Ltd., rights, expire 20211,2 | 80,154 | 165 | |
Consumer discretionary 0.00% | |||
Cie. Financière Richemont SA, Class A, warrants, expire 20232 | 105,741 | 50 | |
Total rights & warrants (cost: $2,323,000) | 4,984 | ||
Bonds, notes & other debt instruments 2.70% Bonds & notes of governments & government agencies outside the U.S. 2.31% | Principal amount (000) | ||
Abu Dhabi (Emirate of) 2.50% 20297 | $1,000 | 1,045 | |
Abu Dhabi (Emirate of) 1.70% 20317 | 455 | 440 | |
Angola (Republic of) 8.00% 20297 | 2,800 | 2,875 | |
Angola (Republic of) 8.00% 2029 | 200 | 205 | |
Argentine Republic 1.00% 2029 | 384 | 147 | |
Argentine Republic 0.50% 2030 (0.75% on 7/9/2023)8 | 757 | 279 | |
Argentine Republic 1.125% 2035 (1.50% on 7/9/2022)8 | 4,190 | 1,381 | |
Argentine Republic 2.00% 2038 (3.875% on 7/9/2022)8 | 1,318 | 514 | |
Argentine Republic 2.50% 2041 (3.50% on 7/9/2022)8 | 5,900 | 2,179 | |
Armenia (Republic of) 7.15% 2025 | 490 | 560 | |
Bahrain (Kingdom of) 6.75% 20297 | 500 | 538 | |
Belarus (Republic of) 6.875% 2023 | 1,775 | 1,809 | |
Belarus (Republic of) 5.875% 2026 | 230 | 216 | |
Belarus (Republic of) 7.625% 2027 | 335 | 332 | |
Colombia (Republic of) 4.50% 2026 | 830 | 892 | |
Colombia (Republic of) 3.25% 2032 | 900 | 841 | |
Colombia (Republic of) 7.375% 2037 | 600 | 740 | |
Colombia (Republic of) 4.125% 2051 | 350 | 302 | |
Costa Rica (Republic of) 4.375% 2025 | 234 | 238 | |
Costa Rica (Republic of) 6.125% 20317 | 1,250 | 1,286 | |
Costa Rica (Republic of) 6.125% 2031 | 393 | 404 | |
Cote d’Ivoire (Republic of) 4.875% 2032 | €150 | 170 | |
Dominican Republic 6.875% 2026 | $370 | 428 | |
Dominican Republic 8.625% 20277 | 575 | 695 | |
Dominican Republic 11.375% 2029 | DOP12,800 | 312 |
American Funds Insurance Series — New World Fund — Page 37 of 242
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Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Dominican Republic 5.30% 20417 | $303 | $300 | |
Dominican Republic 7.45% 20447 | 1,125 | 1,345 | |
Dominican Republic 7.45% 2044 | 1,100 | 1,315 | |
Dominican Republic 6.85% 2045 | 320 | 358 | |
Dominican Republic 5.875% 20607 | 280 | 275 | |
Egypt (Arab Republic of) 5.75% 20247 | 450 | 469 | |
Egypt (Arab Republic of) 5.625% 2030 | €260 | 289 | |
Egypt (Arab Republic of) 5.875% 20317 | $365 | 336 | |
Egypt (Arab Republic of) 7.625% 20327 | 1,140 | 1,140 | |
Egypt (Arab Republic of) 8.50% 2047 | 1,200 | 1,162 | |
Egypt (Arab Republic of) 8.15% 20597 | 900 | 833 | |
Ethiopia (Federal Democratic Republic of) 6.625% 2024 | 1,430 | 1,245 | |
Export-Import Bank of India 3.25% 2030 | 1,180 | 1,200 | |
Gabonese Republic 6.375% 2024 | 2,160 | 2,305 | |
Georgia (Repulbic of) 2.75% 20267 | 375 | 380 | |
Ghana (Republic of) 7.875% 2027 | 200 | 196 | |
Ghana (Republic of) 7.75% 20297 | 1,125 | 1,076 | |
Ghana (Republic of) 8.125% 2032 | 1,880 | 1,786 | |
Honduras (Republic of) 6.25% 2027 | 1,600 | 1,740 | |
Hungary (Republic of) 2.125% 20317 | 770 | 759 | |
Indonesia (Republic of) 6.625% 2037 | 700 | 956 | |
Indonesia (Republic of) 5.25% 2042 | 840 | 1,024 | |
Iraq (Republic of) 6.752% 2023 | 960 | 978 | |
Jordan (Hashemite Kingdom of) 4.95% 20257 | 600 | 627 | |
Jordan (Hashemite Kingdom of) 5.75% 20277 | 1,530 | 1,640 | |
Jordan (Hashemite Kingdom of) 5.75% 2027 | 200 | 214 | |
Kazakhstan (Republic of) 6.50% 20457 | 800 | 1,159 | |
Kenya (Republic of) 7.25% 2028 | 400 | 441 | |
Kenya (Republic of) 8.25% 20487 | 2,000 | 2,169 | |
Malaysia (Federation of), Series 0419, 3.828% 2034 | MYR430 | 102 | |
Malaysia (Federation of), Series 0418, 4.893% 2038 | 1,150 | 301 | |
Oman (Sultanate of) 4.875% 20257 | $202 | 210 | |
Oman (Sultanate of) 5.375% 2027 | 750 | 784 | |
Oman (Sultanate of) 6.25% 20317 | 890 | 954 | |
Pakistan (Islamic Republic of) 8.25% 20257 | 410 | 446 | |
Pakistan (Islamic Republic of) 6.00% 20267 | 380 | 379 | |
Pakistan (Islamic Republic of) 6.875% 20277 | 1,050 | 1,059 | |
Pakistan (Islamic Republic of) 7.875% 2036 | 400 | 396 | |
Panama (Republic of) 3.75% 20267 | 1,380 | 1,484 | |
Panama (Republic of) 4.50% 2047 | 1,155 | 1,264 | |
Panama (Republic of) 4.50% 2050 | 400 | 437 | |
Panama (Republic of) 4.30% 2053 | 400 | 425 | |
Paraguay (Republic of) 5.00% 20267 | 500 | 557 | |
Paraguay (Republic of) 4.70% 20277 | 800 | 890 | |
Paraguay (Republic of) 4.70% 2027 | 500 | 556 | |
Paraguay (Republic of) 4.95% 2031 | 320 | 362 | |
Peru (Republic of) 6.55% 2037 | 1,070 | 1,447 | |
Peru (Republic of) 2.78% 2060 | 565 | 478 | |
PETRONAS Capital, Ltd. 4.55% 20507 | 400 | 491 | |
Philippines (Republic of) 1.648% 2031 | 780 | 744 | |
Philippines (Republic of) 6.375% 2034 | 820 | 1,134 | |
Philippines (Republic of) 3.95% 2040 | 900 | 983 | |
Philippines (Republic of) 2.95% 2045 | 990 | 945 | |
PT Indonesia Asahan Aluminium Tbk 6.757% 2048 | 200 | 257 | |
Qatar (State of) 4.50% 20287 | 2,335 | 2,727 |
American Funds Insurance Series — New World Fund — Page 38 of 242
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Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Qatar (State of) 4.50% 2028 | $800 | $934 | |
Romania 2.00% 2032 | €1,375 | 1,552 | |
Romania 2.00% 2033 | 530 | 587 | |
Romania 5.125% 20487 | $720 | 854 | |
Russian Federation 4.25% 2027 | 1,000 | 1,116 | |
Russian Federation 4.375% 20297 | 800 | 907 | |
Russian Federation 5.10% 2035 | 1,600 | 1,919 | |
Russian Federation 5.25% 2047 | 1,000 | 1,269 | |
Senegal (Republic of) 4.75% 2028 | €1,100 | 1,329 | |
Serbia (Republic of) 3.125% 2027 | 850 | 1,083 | |
South Africa (Republic of) 5.875% 2030 | $2,110 | 2,333 | |
Sri Lanka (Democratic Socialist Republic of) 5.75% 2022 | 450 | 405 | |
Sri Lanka (Democratic Socialist Republic of) 5.875% 2022 | 1,040 | 764 | |
Sri Lanka (Democratic Socialist Republic of) 6.125% 2025 | 450 | 285 | |
Sri Lanka (Democratic Socialist Republic of) 6.85% 2025 | 700 | 442 | |
Sri Lanka (Democratic Socialist Republic of) 6.825% 2026 | 1,270 | 802 | |
Sri Lanka (Democratic Socialist Republic of) 7.55% 2030 | 800 | 490 | |
Sri Lanka (Democratic Socialist Republic of) 7.55% 20307 | 500 | 307 | |
Tunisia (Republic of) 6.75% 2023 | €310 | 314 | |
Tunisia (Republic of) 6.75% 2023 | 215 | 218 | |
Tunisia (Republic of) 5.625% 2024 | 710 | 699 | |
Tunisia (Republic of) 5.75% 2025 | $875 | 744 | |
Turkey (Republic of) 6.375% 2025 | 475 | 489 | |
Turkey (Republic of) 11.875% 2030 | 600 | 808 | |
Turkey (Republic of) 5.875% 2031 | 1,170 | 1,101 | |
Turkey (Republic of) 4.875% 2043 | 1,295 | 1,011 | |
Turkey (Republic of) 5.75% 2047 | 2,205 | 1,834 | |
Ukraine 7.75% 2027 | 2,328 | 2,528 | |
Ukraine 9.75% 2028 | 700 | 823 | |
Ukraine 7.375% 2032 | 2,180 | 2,237 | |
United Mexican States 4.50% 2029 | 1,070 | 1,204 | |
United Mexican States 4.75% 2032 | 870 | 981 | |
United Mexican States 4.75% 2044 | 1,090 | 1,165 | |
United Mexican States 3.75% 2071 | 400 | 347 | |
United Mexican States, Series M, 7.50% 2027 | MXN19,000 | 936 | |
Venezuela (Bolivarian Republic of) 7.00% 20189 | $64 | 7 | |
Venezuela (Bolivarian Republic of) 7.75% 20199 | 1,149 | 121 | |
Venezuela (Bolivarian Republic of) 6.00% 20209 | 950 | 93 | |
Venezuela (Bolivarian Republic of) 12.75% 20229 | 85 | 9 | |
Venezuela (Bolivarian Republic of) 9.00% 20239 | 1,383 | 151 | |
Venezuela (Bolivarian Republic of) 8.25% 20249 | 299 | 32 | |
Venezuela (Bolivarian Republic of) 7.65% 20259 | 129 | 14 | |
Venezuela (Bolivarian Republic of) 11.75% 20269 | 64 | 7 | |
Venezuela (Bolivarian Republic of) 9.25% 20279 | 170 | 18 | |
Venezuela (Bolivarian Republic of) 9.25% 20289 | 319 | 35 | |
Venezuela (Bolivarian Republic of) 11.95% 20319 | 106 | 12 | |
Venezuela (Bolivarian Republic of) 7.00% 20389 | 107 | 12 | |
101,685 | |||
Corporate bonds, notes & loans 0.38% Energy 0.11% | |||
Oleoducto Central SA 4.00% 20277 | 255 | 263 | |
Petrobras Global Finance Co. 5.60% 2031 | 780 | 848 | |
Petrobras Global Finance Co. 6.85% 2115 | 314 | 324 | |
Petróleos Mexicanos 6.875% 2026 | 755 | 822 |
American Funds Insurance Series — New World Fund — Page 39 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Petróleos Mexicanos 7.47% 2026 | MXN2,800 | $122 | |
Petróleos Mexicanos 6.49% 2027 | $910 | 963 | |
Petróleos Mexicanos 6.84% 2030 | 625 | 646 | |
PTT Exploration and Production PCL 2.587% 20277 | 320 | 332 | |
Sinopec Group Overseas Development (2018), Ltd. 3.10% 20517 | 630 | 615 | |
4,935 | |||
Financials 0.08% | |||
Bangkok Bank PCL 3.733% 2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)8 | 1,140 | 1,164 | |
HDFC Bank Ltd., 3.70% junior subordinated perpetual bonds (5-Year UST Yield Curve Rate T Note Constant Maturity on 2/25/2027)7,8 | 600 | 598 | |
Power Financial Corp., Ltd. 5.25% 2028 | 425 | 474 | |
Power Financial Corp., Ltd. 6.15% 2028 | 432 | 509 | |
Power Financial Corp., Ltd. 4.50% 2029 | 273 | 290 | |
Power Financial Corp., Ltd. 3.35% 2031 | 310 | 304 | |
3,339 | |||
Materials 0.05% | |||
Braskem Idesa SAPI 7.45% 2029 | 775 | 823 | |
Braskem Idesa SAPI 7.45% 20297 | 300 | 319 | |
CSN Resources SA 7.625% 2026 | 600 | 637 | |
GC Treasury Center Co., Ltd. 2.98% 20317 | 200 | 203 | |
1,982 | |||
Consumer discretionary 0.04% | |||
Alibaba Group Holding, Ltd. 2.125% 2031 | 463 | 445 | |
Alibaba Group Holding, Ltd. 3.15% 2051 | 610 | 573 | |
Meituan Dianping 3.05% 20307 | 500 | 464 | |
Sands China, Ltd. 4.375% 2030 | 220 | 230 | |
1,712 | |||
Communication services 0.03% | |||
Axiata SPV5 Labuan, Ltd. 3.064% 2050 | 357 | 342 | |
PLDT, Inc. 2.50% 2031 | 210 | 210 | |
Tencent Holdings, Ltd. 3.975% 2029 | 400 | 439 | |
Tencent Holdings, Ltd. 3.24% 20507 | 580 | 547 | |
1,538 | |||
Utilities 0.03% | |||
AES Panama Generation Holdings SRL 4.375% 20307 | 280 | 289 | |
Alfa Desarrollo SpA 4.55% 20517 | 300 | 293 | |
Empresas Publicas de Medellin ESP 4.25% 20297 | 412 | 411 | |
Empresas Publicas de Medellin ESP 4.375% 20317 | 360 | 356 | |
1,349 | |||
Industrials 0.02% | |||
Empresa de Transporte de Pasajeros Metro SA 4.70% 20507 | 270 | 318 | |
Mexico City Airport Trust 4.25% 2026 | 675 | 721 | |
1,039 |
American Funds Insurance Series — New World Fund — Page 40 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples 0.02% | Principal amount (000) | Value (000) | |
MARB BondCo PLC 3.95% 20317 | $600 | $574 | |
Marfrig Global Foods SA 3.95% 2031 | 320 | 306 | |
880 | |||
Total corporate bonds, notes & loans | 16,774 | ||
U.S. Treasury bonds & notes 0.01% U.S. Treasury 0.01% | |||
U.S. Treasury 2.25% 2024 | 350 | 366 | |
Total U.S. Treasury bonds & notes | 366 | ||
Total bonds, notes & other debt instruments (cost: $117,684,000) | 118,825 | ||
Short-term securities 5.05% Money market investments 4.92% | Shares | ||
Capital Group Central Cash Fund 0.06%10,11 | 2,163,539 | 216,375 | |
Money market investments purchased with collateral from securities on loan 0.13% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%10,12 | 2,452,013 | 2,452 | |
Capital Group Central Cash Fund 0.06%10,11,12 | 21,334 | 2,134 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%10,12 | 992,043 | 992 | |
5,578 | |||
Total short-term securities (cost: $221,943,000) | 221,953 | ||
Total investment securities 100.34% (cost: $2,842,601,000) | 4,411,031 | ||
Other assets less liabilities (0.34)% | (15,058) | ||
Net assets 100.00% | $4,395,973 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount13 (000) | Value at 9/30/202114 (000) | Unrealized appreciation (depreciation) at 9/30/2021 (000) |
10 Year Ultra U.S. Treasury Note Futures | Short | 88 | December 2021 | $(8,800) | $(12,782) | $239 |
30 Year Ultra U.S. Treasury Bond Futures | Long | 37 | December 2021 | 3,700 | 7,069 | (234) |
$5 |
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation at 9/30/2021 (000) | |
Purchases (000) | Sales (000) | |||
USD3,346 | EUR2,830 | JPMorgan Chase | 10/18/2021 | $67 |
American Funds Insurance Series — New World Fund — Page 41 of 242
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Investments in affiliates11
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 4.97% | |||||||
Money market investments 4.92% | |||||||
Capital Group Central Cash Fund 0.06%10 | $224,497 | $524,567 | $532,684 | $(8) | $3 | $216,375 | $143 |
Money market investments purchased with collateral from securities on loan 0.05% | |||||||
Capital Group Central Cash Fund 0.06%10,12 | — | 2,13415 | 2,134 | —16 | |||
Total short-term securities | 218,509 | ||||||
Total 4.97% | $(8) | $3 | $218,509 | $143 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,299,699,000, which represented 52.31% of the net assets of the fund. This amount includes $2,278,534,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | Value determined using significant unobservable inputs. |
4 | 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. Further details on these holdings appear below. |
5 | All or a portion of this security was on loan. The total value of all such securities was $6,019,000, which represented .14% of the net assets of the fund. |
6 | Amount less than one thousand. |
7 | Acquired in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $41,003,000, which represented .93% of the net assets of the fund. |
8 | Step bond; coupon rate may change at a later date. |
9 | Scheduled interest and/or principal payment was not received. |
10 | Rate represents the seven-day yield at 9/30/2021. |
11 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
12 | Security purchased with cash collateral from securities on loan. |
13 | Notional amount is calculated based on the number of contracts and notional contract size. |
14 | Value is calculated based on the notional amount and current market price. |
15 | Represents net activity. |
16 | Dividend income is included with securities lending income and is not shown in this table. |
Private placement securities | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
QuintoAndar Servicos Imobiliarios Ltda, Series E, preferred shares | 5/26/2021 | $5,258 | $6,672 | .15% |
Nu Holdings, Ltd., Series G, noncumulative preferred shares | 1/27/2021 | 3,831 | 4,190 | .10 |
Nu Holdings, Ltd., Series A, noncumulative preferred shares | 1/27/2021 | 654 | 716 | .02 |
Nu Holdings, Ltd., Series Seed, noncumulative preferred shares | 1/27/2021 | 543 | 593 | .01 |
Nu Holdings, Ltd., Class A | 1/27/2021 | 422 | 461 | .01 |
Nu Holdings, Ltd., Series B, noncumulative preferred shares | 1/27/2021 | 37 | 41 | .00 |
Nu Holdings, Ltd., Series D, noncumulative preferred shares | 1/27/2021 | 20 | 22 | .00 |
Getir BV, Series H, preferred shares | 5/27/2021 | 3,500 | 3,500 | .08 |
Canva, Inc. | 8/26/2021 | 36 | 36 | .00 |
Total private placement securities | $ 14,301 | $ 16,231 | .37% |
Key to abbreviations and symbols |
ADR = American Depositary Receipts |
CDI = CREST Depository Interest |
DOP = Dominican pesos |
EUR/€ = Euros |
GDR = Global Depositary Receipts |
MXN = Mexican pesos |
MYR = Malaysian ringgits |
USD/$ = U.S. dollars |
American Funds Insurance Series — New World Fund — Page 42 of 242
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Common stocks 96.43% Information technology 18.65% | Shares | Value (000) | |
Microsoft Corp. | 2,070,795 | $583,799 | |
Broadcom, Inc. | 1,032,812 | 500,842 | |
Intel Corp. | 2,970,049 | 158,244 | |
ASML Holding NV (New York registered) (ADR) | 149,192 | 111,164 | |
Apple, Inc. | 718,602 | 101,682 | |
Fidelity National Information Services, Inc. | 569,279 | 69,270 | |
Visa, Inc., Class A | 239,691 | 53,391 | |
Automatic Data Processing, Inc. | 185,486 | 37,082 | |
Mastercard, Inc., Class A | 97,806 | 34,005 | |
Applied Materials, Inc. | 246,059 | 31,675 | |
KLA Corp. | 94,273 | 31,535 | |
TE Connectivity, Ltd. | 208,774 | 28,648 | |
NetApp, Inc. | 296,805 | 26,641 | |
Paychex, Inc. | 203,601 | 22,895 | |
Texas Instruments, Inc. | 90,156 | 17,329 | |
Motorola Solutions, Inc. | 70,412 | 16,358 | |
SAP SE (ADR) | 110,267 | 14,891 | |
EPAM Systems, Inc.1 | 10,408 | 5,938 | |
Analog Devices, Inc. | 27,791 | 4,654 | |
Jack Henry & Associates, Inc. | 24,063 | 3,948 | |
Micron Technology, Inc. | 2,103 | 149 | |
1,854,140 | |||
Financials 18.15% | |||
BlackRock, Inc. | 271,618 | 227,795 | |
JPMorgan Chase & Co. | 1,382,262 | 226,262 | |
Marsh & McLennan Companies, Inc. | 1,370,701 | 207,565 | |
CME Group, Inc., Class A | 843,039 | 163,027 | |
PNC Financial Services Group, Inc. | 633,240 | 123,887 | |
Bank of America Corp. | 2,312,262 | 98,156 | |
Discover Financial Services | 686,046 | 84,281 | |
Capital One Financial Corp. | 513,605 | 83,189 | |
Intercontinental Exchange, Inc. | 605,583 | 69,533 | |
S&P Global, Inc. | 128,382 | 54,548 | |
Nasdaq, Inc. | 274,426 | 52,970 | |
Travelers Companies, Inc. | 342,664 | 52,088 | |
Truist Financial Corp. | 800,445 | 46,946 | |
Citigroup, Inc. | 662,206 | 46,474 | |
Toronto-Dominion Bank | 670,798 | 44,373 | |
Bank of Nova Scotia | 628,435 | 38,668 | |
Citizens Financial Group, Inc. | 654,909 | 30,768 | |
Carlyle Group, Inc. | 620,780 | 29,350 | |
KeyCorp | 1,344,377 | 29,065 | |
Moody’s Corp. | 66,138 | 23,486 | |
KKR & Co., Inc. | 340,329 | 20,719 | |
Wells Fargo & Company | 367,938 | 17,076 |
American Funds Insurance Series — Washington Mutual Investors Fund — Page 43 of 242
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Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Brookfield Asset Management, Inc., Class A | 258,883 | $13,853 | |
Fifth Third Bancorp | 289,692 | 12,295 | |
Everest Re Group, Ltd. | 31,108 | 7,801 | |
1,804,175 | |||
Health care 16.18% | |||
UnitedHealth Group, Inc. | 856,437 | 334,644 | |
CVS Health Corp. | 2,197,725 | 186,499 | |
Pfizer, Inc. | 4,100,938 | 176,381 | |
Johnson & Johnson | 1,057,857 | 170,844 | |
Gilead Sciences, Inc. | 1,482,955 | 103,584 | |
AstraZeneca PLC (ADR) | 1,526,433 | 91,678 | |
Humana, Inc. | 211,468 | 82,293 | |
Abbott Laboratories | 676,288 | 79,890 | |
Danaher Corp. | 202,282 | 61,583 | |
Eli Lilly and Company | 264,719 | 61,163 | |
Anthem, Inc. | 158,704 | 59,165 | |
Cigna Corp. | 268,650 | 53,773 | |
Thermo Fisher Scientific, Inc. | 58,001 | 33,138 | |
GlaxoSmithKline PLC (ADR) | 641,057 | 24,495 | |
Merck & Co., Inc. | 206,593 | 15,517 | |
Novo Nordisk A/S, Class B (ADR) | 141,459 | 13,581 | |
Zoetis, Inc., Class A | 53,280 | 10,344 | |
Edwards Lifesciences Corp.1 | 87,569 | 9,914 | |
Baxter International, Inc. | 117,478 | 9,449 | |
Molina Healthcare, Inc.1 | 32,733 | 8,881 | |
Roche Holding AG (ADR) | 181,439 | 8,250 | |
Zimmer Biomet Holdings, Inc. | 50,490 | 7,390 | |
Viatris, Inc. | 269,185 | 3,647 | |
Novartis AG (ADR) | 29,792 | 2,436 | |
1,608,539 | |||
Industrials 9.74% | |||
Honeywell International, Inc. | 519,411 | 110,260 | |
Northrop Grumman Corp. | 302,672 | 109,007 | |
CSX Corp. | 3,417,944 | 101,650 | |
L3Harris Technologies, Inc. | 419,674 | 92,429 | |
Lockheed Martin Corp. | 228,843 | 78,974 | |
Union Pacific Corp. | 388,723 | 76,194 | |
Caterpillar, Inc. | 322,856 | 61,979 | |
Norfolk Southern Corp. | 232,668 | 55,666 | |
Raytheon Technologies Corp. | 507,805 | 43,651 | |
PACCAR, Inc. | 367,783 | 29,025 | |
ABB, Ltd. (ADR)2 | 867,885 | 28,953 | |
Equifax, Inc. | 112,733 | 28,569 | |
Waste Connections, Inc. | 214,261 | 26,982 | |
Emerson Electric Co. | 217,157 | 20,456 | |
Republic Services, Inc. | 163,095 | 19,581 | |
United Parcel Service, Inc., Class B | 82,671 | 15,054 | |
Johnson Controls International PLC | 141,550 | 9,637 | |
HEICO Corp. | 68,003 | 8,967 | |
RELX PLC (ADR) | 302,828 | 8,740 | |
Rockwell Automation | 24,884 | 7,317 | |
Air Lease Corp., Class A | 170,858 | 6,721 | |
Cummins, Inc. | 28,779 | 6,463 |
American Funds Insurance Series — Washington Mutual Investors Fund — Page 44 of 242
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Parker-Hannifin Corp. | 21,202 | $5,928 | |
FedEx Corp. | 24,628 | 5,401 | |
BAE Systems PLC (ADR) | 135,920 | 4,155 | |
Nidec Corp. (ADR) | 117,693 | 3,273 | |
Carrier Global Corp. | 54,514 | 2,822 | |
967,854 | |||
Communication services 8.07% | |||
Comcast Corp., Class A | 7,615,539 | 425,937 | |
Alphabet, Inc., Class C1 | 41,258 | 109,965 | |
Alphabet, Inc., Class A1 | 22,982 | 61,443 | |
Facebook, Inc., Class A1 | 285,492 | 96,893 | |
Verizon Communications, Inc. | 1,483,632 | 80,131 | |
AT&T, Inc. | 679,289 | 18,348 | |
Electronic Arts, Inc. | 40,638 | 5,781 | |
Activision Blizzard, Inc. | 51,183 | 3,961 | |
802,459 | |||
Consumer discretionary 5.93% | |||
Home Depot, Inc. | 604,612 | 198,470 | |
General Motors Company1 | 1,847,351 | 97,374 | |
Darden Restaurants, Inc. | 462,805 | 70,101 | |
VF Corp. | 686,936 | 46,018 | |
Dollar General Corp. | 158,941 | 33,718 | |
Wynn Resorts, Ltd.1 | 336,654 | 28,531 | |
Amazon.com, Inc.1 | 6,518 | 21,412 | |
TJX Companies, Inc. | 290,380 | 19,159 | |
Chipotle Mexican Grill, Inc.1 | 9,689 | 17,610 | |
Marriott International, Inc., Class A1 | 89,854 | 13,307 | |
NIKE, Inc., Class B | 68,542 | 9,954 | |
YUM! Brands, Inc. | 62,214 | 7,609 | |
Starbucks Corp. | 62,555 | 6,901 | |
McDonald’s Corp. | 27,945 | 6,738 | |
Royal Caribbean Cruises, Ltd.1 | 71,567 | 6,366 | |
Domino’s Pizza, Inc. | 6,418 | 3,061 | |
Target Corp. | 12,298 | 2,813 | |
589,142 | |||
Consumer staples 5.43% | |||
Nestlé SA (ADR) | 773,393 | 92,970 | |
Keurig Dr Pepper, Inc. | 1,907,654 | 65,165 | |
Archer Daniels Midland Company | 1,020,829 | 61,260 | |
Mondelez International, Inc. | 1,019,242 | 59,300 | |
Conagra Brands, Inc. | 1,449,179 | 49,084 | |
Hormel Foods Corp. | 684,994 | 28,085 | |
Procter & Gamble Company | 198,952 | 27,813 | |
Kraft Heinz Company | 745,996 | 27,468 | |
Reckitt Benckiser Group PLC (ADR) | 1,638,485 | 25,888 | |
Church & Dwight Co., Inc. | 279,703 | 23,095 | |
Costco Wholesale Corp. | 45,025 | 20,232 | |
Unilever PLC (ADR) | 347,514 | 18,842 | |
Walgreens Boots Alliance, Inc. | 334,760 | 15,750 | |
General Mills, Inc. | 188,672 | 11,286 |
American Funds Insurance Series — Washington Mutual Investors Fund — Page 45 of 242
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Common stocks (continued) Consumer staples (continued) | Shares | Value (000) | |
Kimberly-Clark Corp. | 58,697 | $7,774 | |
Danone (ADR) | 426,506 | 5,779 | |
539,791 | |||
Energy 5.23% | |||
Chevron Corp. | 896,920 | 90,992 | |
Enbridge, Inc. | 2,185,092 | 86,967 | |
Baker Hughes Co., Class A | 2,924,800 | 72,330 | |
Pioneer Natural Resources Company | 428,867 | 71,411 | |
ConocoPhillips | 876,699 | 59,414 | |
EOG Resources, Inc. | 656,642 | 52,709 | |
Exxon Mobil Corp. | 490,266 | 28,837 | |
Cabot Oil & Gas Corp. | 1,103,310 | 24,008 | |
TC Energy Corp. | 389,993 | 18,755 | |
Valero Energy Corp. | 201,104 | 14,192 | |
519,615 | |||
Materials 3.76% | |||
LyondellBasell Industries NV | 860,093 | 80,720 | |
Dow, Inc. | 1,388,301 | 79,911 | |
Nucor Corp. | 576,282 | 56,758 | |
Rio Tinto PLC (ADR)2 | 605,583 | 40,465 | |
Air Products and Chemicals, Inc. | 150,505 | 38,546 | |
Linde PLC | 71,563 | 20,995 | |
Huntsman Corp. | 465,546 | 13,775 | |
PPG Industries, Inc. | 74,593 | 10,668 | |
Packaging Corporation of America | 72,251 | 9,930 | |
Corteva, Inc. | 208,956 | 8,793 | |
Sherwin-Williams Company | 24,292 | 6,795 | |
Vulcan Materials Co. | 37,810 | 6,396 | |
373,752 | |||
Utilities 3.09% | |||
Exelon Corp. | 1,456,272 | 70,396 | |
Sempra Energy | 446,559 | 56,490 | |
Entergy Corp. | 326,988 | 32,473 | |
NextEra Energy, Inc. | 331,769 | 26,051 | |
CMS Energy Corp. | 412,604 | 24,645 | |
Xcel Energy, Inc. | 374,968 | 23,436 | |
DTE Energy Company | 203,062 | 22,684 | |
Public Service Enterprise Group, Inc. | 267,936 | 16,317 | |
Evergy, Inc. | 243,686 | 15,157 | |
Dominion Energy, Inc. | 139,133 | 10,159 | |
Edison International | 168,771 | 9,362 | |
307,170 | |||
Real estate 2.20% | |||
Digital Realty Trust, Inc. REIT | 513,022 | 74,106 | |
Regency Centers Corp. REIT | 561,939 | 37,835 | |
Alexandria Real Estate Equities, Inc. REIT | 196,645 | 37,573 | |
Mid-America Apartment Communities, Inc. REIT | 146,070 | 27,279 | |
American Tower Corp. REIT | 70,094 | 18,604 |
American Funds Insurance Series — Washington Mutual Investors Fund — Page 46 of 242
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Common stocks (continued) Real estate (continued) | Shares | Value (000) | |
Boston Properties, Inc. REIT | 121,774 | $13,194 | |
Extra Space Storage, Inc. REIT | 60,483 | 10,160 | |
218,751 | |||
Total common stocks (cost: $7,804,564,000) | 9,585,388 | ||
Convertible stocks 0.72% Utilities 0.32% | |||
366,200 | 18,666 | ||
Dominion Energy, Inc., Series A, convertible preferred shares, 7.25% 2022 | 112,000 | 10,879 | |
American Electric Power Company, Inc., convertible preferred units, 6.125% 2023 | 56,400 | 2,804 | |
32,349 | |||
Health care 0.20% | |||
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 20232 | 10,121 | 16,420 | |
Becton, Dickinson and Company, Series B, convertible preferred shares, 6.00% 20232 | 67,800 | 3,660 | |
20,080 | |||
Information technology 0.12% | |||
Broadcom, Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 7,674 | 11,756 | |
Financials 0.08% | |||
KKR & Co., Inc., Series C, convertible preferred shares, 6.00% 2023 | 100,000 | 7,901 | |
Total convertible stocks (cost: $67,927,000) | 72,086 | ||
Short-term securities 3.24% Money market investments 2.98% | |||
Capital Group Central Cash Fund 0.06%3,4 | 2,965,099 | 296,539 | |
Money market investments purchased with collateral from securities on loan 0.26% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%3,5 | 11,277,751 | 11,278 | |
Capital Group Central Cash Fund 0.06%3,4,5 | 98,121 | 9,813 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%3,5 | 4,562,790 | 4,563 | |
25,654 | |||
Total short-term securities (cost: $322,167,000) | 322,193 | ||
Total investment securities 100.39% (cost: $8,194,658,000) | 9,979,667 | ||
Other assets less liabilities (0.39)% | (39,036) | ||
Net assets 100.00% | $9,940,631 |
American Funds Insurance Series — Washington Mutual Investors Fund — Page 47 of 242
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Investments in affiliates4
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 3.08% | |||||||
Money market investments 2.98% | |||||||
Capital Group Central Cash Fund 0.06%3 | $178,532 | $1,915,459 | $1,797,451 | $5 | $(6) | $296,539 | $104 |
Money market investments purchased with collateral from securities on loan 0.10% | |||||||
Capital Group Central Cash Fund 0.06%3,5 | — | 9,8136 | 9,813 | —7 | |||
Total short-term securities | 306,352 | ||||||
Total 3.08% | $5 | $(6) | $306,352 | $104 |
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 $27,528,000, which represented .28% of the net assets of the fund. |
3 | Rate represents the seven-day yield at 9/30/2021. |
4 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
5 | Security purchased with cash collateral from securities on loan. |
6 | Represents net activity. |
7 | Dividend income is included with securities lending income and is not shown in this table. |
Key to abbreviation |
ADR = American Depositary Receipts |
American Funds Insurance Series — Washington Mutual Investors Fund — Page 48 of 242
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Common stocks 95.57% Information technology 18.80% | Shares | Value (000) | |
Microsoft Corp. | 288,433 | $81,315 | |
Broadcom, Inc. | 155,929 | 75,615 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 3,295,800 | 67,963 | |
ASML Holding NV1 | 61,398 | 45,292 | |
Tokyo Electron, Ltd.1 | 60,100 | 26,492 | |
Apple, Inc. | 112,632 | 15,937 | |
Keyence Corp.1 | 16,400 | 9,827 | |
Accenture PLC, Class A | 28,048 | 8,973 | |
MediaTek, Inc.1 | 259,000 | 8,348 | |
Delta Electronics, Inc.1 | 753,000 | 6,774 | |
Logitech International SA1 | 73,671 | 6,525 | |
Mastercard, Inc., Class A | 17,731 | 6,165 | |
Hexagon AB, Class B1 | 358,877 | 5,530 | |
Fujitsu Ltd.1 | 29,400 | 5,339 | |
EPAM Systems, Inc.2 | 8,959 | 5,111 | |
Capgemini SE1 | 21,940 | 4,563 | |
Adobe, Inc.2 | 7,911 | 4,555 | |
Snowflake, Inc., Class A2 | 13,951 | 4,219 | |
GlobalWafers Co., Ltd.1 | 140,000 | 3,955 | |
Advanced Micro Devices, Inc.2 | 34,036 | 3,502 | |
OBIC Co., Ltd.1 | 17,200 | 3,291 | |
Worldline SA, non-registered shares1,2 | 40,084 | 3,058 | |
Ceridian HCM Holding, Inc.2 | 25,738 | 2,899 | |
ServiceNow, Inc.2 | 3,886 | 2,418 | |
PayPal Holdings, Inc.2 | 9,188 | 2,391 | |
Applied Materials, Inc. | 17,426 | 2,243 | |
Paycom Software, Inc.2 | 4,356 | 2,159 | |
NortonLifeLock, Inc. | 71,608 | 1,812 | |
RingCentral, Inc., Class A2 | 7,964 | 1,732 | |
Nomura Research Institute, Ltd.1 | 43,700 | 1,611 | |
Shopify, Inc., Class A, subordinate voting shares (CAD denominated)2 | 1,179 | 1,600 | |
SK hynix, Inc.1 | 18,537 | 1,598 | |
Samsung Electronics Co., Ltd.1 | 20,872 | 1,299 | |
Visa, Inc., Class A | 4,868 | 1,084 | |
Micron Technology, Inc. | 14,352 | 1,019 | |
Atlassian Corp. PLC, Class A2 | 2,466 | 965 | |
SS&C Technologies Holdings, Inc. | 12,082 | 839 | |
Afterpay, Ltd.1,2 | 6,659 | 576 | |
Autodesk, Inc.2 | 1,003 | 286 | |
428,880 | |||
Financials 15.57% | |||
AIA Group, Ltd.1 | 2,834,000 | 32,631 | |
Kotak Mahindra Bank, Ltd.1,2 | 881,028 | 23,726 | |
Zurich Insurance Group AG1 | 48,906 | 19,941 | |
JPMorgan Chase & Co. | 108,515 | 17,763 |
American Funds Insurance Series — Capital World Growth and Income Fund — Page 49 of 242
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Sberbank of Russia PJSC (ADR)1 | 920,230 | $17,098 | |
Toronto-Dominion Bank (CAD denominated) | 247,343 | 16,374 | |
CME Group, Inc., Class A | 78,555 | 15,191 | |
HDFC Bank, Ltd.1 | 594,627 | 12,748 | |
HDFC Bank, Ltd. (ADR) | 21,583 | 1,577 | |
ING Groep NV1 | 824,075 | 11,961 | |
S&P Global, Inc. | 25,987 | 11,042 | |
HDFC Life Insurance Company, Ltd.1 | 1,030,738 | 10,003 | |
DNB Bank ASA1,2 | 440,121 | 9,992 | |
Nasdaq, Inc. | 50,669 | 9,780 | |
KBC Groep NV1 | 101,063 | 9,073 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 1,150,500 | 7,807 | |
Ping An Insurance (Group) Company of China, Ltd., Class A1 | 31,800 | 236 | |
BlackRock, Inc. | 9,255 | 7,762 | |
Lufax Holding, Ltd. (ADR)2 | 1,100,011 | 7,678 | |
Citigroup, Inc. | 102,866 | 7,219 | |
Blackstone, Inc. | 59,323 | 6,902 | |
PNC Financial Services Group, Inc. | 33,830 | 6,618 | |
Barclays PLC1 | 2,514,884 | 6,414 | |
Wells Fargo & Company | 137,371 | 6,375 | |
Intercontinental Exchange, Inc. | 55,456 | 6,367 | |
Discover Financial Services | 50,737 | 6,233 | |
B3 SA-Brasil, Bolsa, Balcao | 2,481,332 | 5,805 | |
Hong Kong Exchanges and Clearing, Ltd.1 | 85,400 | 5,184 | |
American International Group, Inc. | 85,032 | 4,667 | |
Bank of America Corp. | 86,479 | 3,671 | |
St. James’s Place PLC1 | 180,831 | 3,663 | |
Macquarie Group, Ltd.1 | 27,017 | 3,545 | |
Tradeweb Markets, Inc., Class A | 40,270 | 3,253 | |
M&G PLC1 | 1,086,128 | 2,973 | |
FinecoBank SpA1,2 | 156,764 | 2,841 | |
Legal & General Group PLC1 | 717,464 | 2,709 | |
BNP Paribas SA1 | 39,668 | 2,541 | |
Moody’s Corp. | 6,973 | 2,476 | |
Power Corporation of Canada, subordinate voting shares | 75,066 | 2,474 | |
Banco Santander, SA1 | 682,740 | 2,473 | |
Berkshire Hathaway, Inc., Class B2 | 8,739 | 2,385 | |
China Pacific Insurance (Group) Co., Ltd., Class H1 | 792,600 | 2,331 | |
Morgan Stanley | 19,050 | 1,854 | |
Bajaj Finance, Ltd.1 | 16,137 | 1,657 | |
Principal Financial Group, Inc. | 24,405 | 1,572 | |
AXA SA1 | 56,201 | 1,564 | |
Marsh & McLennan Companies, Inc. | 9,913 | 1,501 | |
National Bank of Canada3 | 19,203 | 1,475 | |
Swedbank AB, Class A1 | 56,092 | 1,135 | |
Tryg A/S1 | 48,816 | 1,109 | |
Aegon NV1 | 204,110 | 1,048 | |
KakaoBank Corp.1,2 | 14,849 | 858 | |
355,275 | |||
Consumer discretionary 11.88% | |||
LVMH Moët Hennessy-Louis Vuitton SE1 | 53,287 | 38,104 | |
Amazon.com, Inc.2 | 9,872 | 32,430 | |
Home Depot, Inc. | 76,097 | 24,980 | |
General Motors Company2 | 416,691 | 21,964 |
American Funds Insurance Series — Capital World Growth and Income Fund — Page 50 of 242
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Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
MercadoLibre, Inc.2 | 10,607 | $17,813 | |
Flutter Entertainment PLC1,2 | 67,148 | 13,275 | |
Stellantis NV1 | 491,307 | 9,393 | |
Chipotle Mexican Grill, Inc.2 | 4,319 | 7,850 | |
Midea Group Co., Ltd., Class A1 | 725,297 | 7,814 | |
Barratt Developments PLC1 | 815,022 | 7,192 | |
Marriott International, Inc., Class A2 | 46,176 | 6,838 | |
Shimano, Inc.1 | 21,600 | 6,293 | |
adidas AG1 | 19,563 | 6,164 | |
Restaurant Brands International, Inc. (CAD denominated) | 81,266 | 4,979 | |
Restaurant Brands International, Inc. | 12,226 | 748 | |
Sony Group Corp.1 | 49,700 | 5,535 | |
Ferrari NV (EUR denominated)1 | 25,598 | 5,359 | |
Booking Holdings, Inc.2 | 2,215 | 5,258 | |
Evolution AB1 | 30,899 | 4,697 | |
Kering SA1 | 6,289 | 4,473 | |
Astra International Tbk PT1 | 11,337,300 | 4,331 | |
NIKE, Inc., Class B | 21,892 | 3,179 | |
Moncler SpA1 | 49,234 | 3,011 | |
EssilorLuxottica1 | 13,676 | 2,615 | |
DraftKings, Inc., Class A2 | 49,904 | 2,403 | |
Darden Restaurants, Inc. | 15,588 | 2,361 | |
Nokian Renkaat OYJ1 | 66,103 | 2,345 | |
Taylor Wimpey PLC1 | 1,075,065 | 2,220 | |
Industria de Diseño Textil, SA1 | 56,688 | 2,062 | |
Kindred Group PLC (SDR)1 | 128,834 | 1,935 | |
SAIC Motor Corp., Ltd., Class A1 | 626,400 | 1,850 | |
Wayfair, Inc., Class A2 | 6,644 | 1,698 | |
Prosus NV, Class N1 | 19,324 | 1,522 | |
Cie. Financière Richemont SA, Class A1 | 13,946 | 1,438 | |
Just Eat Takeaway (GBP denominated)1,2 | 16,367 | 1,188 | |
Meituan, Class B1,2 | 33,700 | 1,052 | |
Wynn Macau, Ltd.1,2 | 1,075,200 | 898 | |
Naspers, Ltd., Class N1 | 4,674 | 770 | |
Tesla, Inc.2 | 930 | 721 | |
InterContinental Hotels Group PLC1,2 | 10,909 | 700 | |
Peloton Interactive, Inc., Class A2 | 7,728 | 673 | |
Domino’s Pizza Enterprises, Ltd.1 | 5,655 | 652 | |
Faurecia SA1 | 3,188 | 149 | |
270,932 | |||
Health care 11.28% | |||
Abbott Laboratories | 307,206 | 36,290 | |
UnitedHealth Group, Inc. | 71,886 | 28,089 | |
Gilead Sciences, Inc. | 374,454 | 26,156 | |
Thermo Fisher Scientific, Inc. | 36,529 | 20,870 | |
Novartis AG1 | 241,788 | 19,836 | |
Amgen, Inc. | 76,233 | 16,211 | |
AstraZeneca PLC1 | 93,154 | 11,214 | |
Stryker Corp. | 38,863 | 10,249 | |
Eli Lilly and Company | 29,826 | 6,891 | |
Sanofi1 | 71,249 | 6,859 | |
Pfizer, Inc. | 148,507 | 6,387 | |
Medtronic PLC | 47,876 | 6,001 | |
Centene Corp.2 | 91,594 | 5,707 |
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Siemens Healthineers AG1 | 76,641 | $4,987 | |
PerkinElmer, Inc. | 22,925 | 3,973 | |
Coloplast A/S, Class B1 | 24,933 | 3,908 | |
WuXi Biologics (Cayman), Inc.1,2 | 233,000 | 3,766 | |
Olympus Corp.1 | 171,300 | 3,762 | |
Chugai Pharmaceutical Co., Ltd.1 | 90,600 | 3,319 | |
Carl Zeiss Meditec AG, non-registered shares1 | 16,518 | 3,175 | |
AbbVie, Inc. | 25,247 | 2,723 | |
Intuitive Surgical, Inc.2 | 2,695 | 2,679 | |
Baxter International, Inc. | 30,945 | 2,489 | |
Zoetis, Inc., Class A | 12,774 | 2,480 | |
Illumina, Inc.2 | 4,940 | 2,004 | |
Alcon, Inc.1 | 24,235 | 1,963 | |
Zimmer Biomet Holdings, Inc. | 13,135 | 1,922 | |
Merck KGaA1 | 8,837 | 1,922 | |
M3, Inc.1 | 24,000 | 1,713 | |
Teva Pharmaceutical Industries, Ltd. (ADR)2 | 169,706 | 1,653 | |
Cigna Corp. | 7,371 | 1,475 | |
Vertex Pharmaceuticals, Inc.2 | 6,840 | 1,241 | |
Hypera SA, ordinary nominative shares | 179,438 | 1,059 | |
Edwards Lifesciences Corp.2 | 9,271 | 1,050 | |
DexCom, Inc.2 | 1,873 | 1,024 | |
GlaxoSmithKline PLC1 | 48,133 | 909 | |
Insulet Corp.2 | 2,725 | 775 | |
CanSino Biologics, Inc., Class H1,2 | 11,200 | 395 | |
CSL, Ltd.1 | 705 | 149 | |
257,275 | |||
Communication services 10.68% | |||
Alphabet, Inc., Class C2 | 12,999 | 34,646 | |
Alphabet, Inc., Class A2 | 8,749 | 23,391 | |
Netflix, Inc.2 | 70,325 | 42,922 | |
Facebook, Inc., Class A2 | 102,430 | 34,764 | |
SoftBank Corp.1 | 1,504,000 | 20,420 | |
Comcast Corp., Class A | 351,239 | 19,645 | |
Yandex NV, Class A2 | 245,806 | 19,588 | |
Sea, Ltd., Class A (ADR)2 | 26,487 | 8,442 | |
NetEase, Inc.1 | 385,200 | 6,617 | |
SoftBank Group Corp.1 | 87,300 | 5,045 | |
Tencent Holdings, Ltd.1 | 84,300 | 4,943 | |
Activision Blizzard, Inc. | 50,959 | 3,944 | |
Universal Music Group NV1,2,3 | 143,361 | 3,839 | |
Cellnex Telecom, SA, non-registered shares1 | 55,297 | 3,409 | |
Daily Mail and General Trust PLC, Class A, nonvoting shares1 | 215,240 | 3,102 | |
Bilibili, Inc., Class Z1,2 | 24,805 | 1,656 | |
Bilibili, Inc., Class Z (ADR)2,3 | 4,489 | 297 | |
Bharti Airtel, Ltd.1 | 208,066 | 1,907 | |
Omnicom Group, Inc. | 24,376 | 1,766 | |
ITV PLC1,2 | 1,096,106 | 1,555 | |
Vivendi SE1,3 | 100,816 | 1,272 | |
Altice USA, Inc., Class A2 | 24,222 | 502 | |
243,672 |
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Common stocks (continued) Industrials 8.29% | Shares | Value (000) | |
Airbus SE, non-registered shares1,2 | 158,622 | $20,826 | |
CSX Corp. | 599,462 | 17,828 | |
General Electric Co. | 145,831 | 15,025 | |
LIXIL Corp.1 | 317,900 | 9,238 | |
Safran SA1 | 69,420 | 8,704 | |
Deere & Company | 24,478 | 8,202 | |
BAE Systems PLC1 | 949,997 | 7,181 | |
Lockheed Martin Corp. | 18,274 | 6,306 | |
VINCI SA1 | 54,179 | 5,612 | |
Recruit Holdings Co., Ltd.1 | 91,700 | 5,591 | |
Raytheon Technologies Corp. | 63,853 | 5,489 | |
Compagnie de Saint-Gobain SA, non-registered shares1 | 77,907 | 5,247 | |
Stanley Black & Decker, Inc. | 28,809 | 5,051 | |
TransDigm Group, Inc.2 | 7,245 | 4,525 | |
Melrose Industries PLC1 | 1,935,920 | 4,480 | |
Emerson Electric Co. | 47,421 | 4,467 | |
Nidec Corp.1 | 36,900 | 4,094 | |
Johnson Controls International PLC | 58,928 | 4,012 | |
Honeywell International, Inc. | 17,798 | 3,778 | |
ManpowerGroup, Inc. | 33,145 | 3,589 | |
Sydney Airport, units1,2 | 472,784 | 2,808 | |
Aena SME, SA, non-registered shares1 | 15,922 | 2,746 | |
Bunzl PLC1 | 83,015 | 2,742 | |
Carrier Global Corp. | 52,143 | 2,699 | |
Schneider Electric SE1 | 15,769 | 2,622 | |
Eiffage SA1 | 25,514 | 2,574 | |
Ryanair Holdings PLC (ADR)2 | 22,571 | 2,484 | |
ASSA ABLOY AB, Class B1 | 83,846 | 2,431 | |
RELX PLC1 | 69,864 | 2,013 | |
SMC Corp.1 | 3,100 | 1,939 | |
ACS, Actividades de Construcción y Servicios, SA1 | 61,429 | 1,647 | |
Adecco Group AG1 | 32,531 | 1,629 | |
Union Pacific Corp. | 8,272 | 1,621 | |
Wizz Air Holdings PLC1,2 | 22,268 | 1,483 | |
AB Volvo, Class B1 | 64,119 | 1,441 | |
L3Harris Technologies, Inc. | 6,496 | 1,431 | |
Atlas Copco AB, Class B1 | 27,077 | 1,384 | |
InPost SA1,2 | 72,793 | 1,201 | |
Brenntag SE1 | 12,183 | 1,137 | |
Ritchie Bros. Auctioneers, Inc. | 12,985 | 801 | |
Lilium NV, Class A2 | 59,454 | 625 | |
Otis Worldwide Corp. | 4,082 | 336 | |
189,039 | |||
Consumer staples 6.77% | |||
Philip Morris International, Inc. | 335,270 | 31,780 | |
Nestlé SA1 | 141,862 | 17,069 | |
Keurig Dr Pepper, Inc. | 432,098 | 14,761 | |
Ocado Group PLC1,2 | 550,504 | 12,244 | |
British American Tobacco PLC1 | 325,191 | 11,346 | |
British American Tobacco PLC (ADR) | 9,738 | 343 | |
Kweichow Moutai Co., Ltd., Class A1 | 32,900 | 9,321 | |
Altria Group, Inc. | 166,671 | 7,587 | |
Swedish Match AB1 | 756,927 | 6,638 | |
Heineken NV1 | 51,210 | 5,323 |
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Common stocks (continued) Consumer staples (continued) | Shares | Value (000) | |
Kroger Co. | 116,930 | $4,728 | |
Bunge, Ltd. | 57,015 | 4,636 | |
Imperial Brands PLC1 | 213,360 | 4,453 | |
Treasury Wine Estates, Ltd.1 | 486,714 | 4,327 | |
Danone SA1 | 54,464 | 3,717 | |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A1 | 546,300 | 3,165 | |
Ajinomoto Co., Inc.1 | 87,000 | 2,574 | |
Constellation Brands, Inc., Class A | 11,858 | 2,498 | |
Mondelez International, Inc. | 36,482 | 2,123 | |
Kirin Holdings Company, Ltd.1 | 90,600 | 1,683 | |
Arca Continental, SAB de CV | 270,300 | 1,648 | |
Pernod Ricard SA1 | 6,235 | 1,364 | |
ITC, Ltd.1 | 248,407 | 785 | |
Oatly Group AB (ADR)2 | 30,904 | 467 | |
154,580 | |||
Materials 4.46% | |||
Vale SA, ordinary nominative shares | 1,362,968 | 19,082 | |
Vale SA, ordinary nominative shares (ADR) | 981,461 | 13,691 | |
Rio Tinto PLC1 | 283,942 | 18,748 | |
BHP Group PLC1 | 354,017 | 8,823 | |
Linde PLC | 20,634 | 6,054 | |
Fortescue Metals Group, Ltd.1 | 508,556 | 5,363 | |
Shin-Etsu Chemical Co., Ltd.1 | 27,700 | 4,672 | |
Freeport-McMoRan, Inc. | 121,931 | 3,966 | |
HeidelbergCement AG1 | 42,498 | 3,187 | |
Dow, Inc. | 49,539 | 2,851 | |
Akzo Nobel NV1 | 25,024 | 2,725 | |
Albemarle Corp. | 11,840 | 2,593 | |
CRH PLC1 | 49,376 | 2,303 | |
Amcor PLC (CDI)1 | 165,731 | 1,959 | |
Koninklijke DSM NV1 | 7,690 | 1,537 | |
Barrick Gold Corp. (CAD denominated) | 79,724 | 1,439 | |
Air Liquide SA, non-registered shares1 | 6,629 | 1,061 | |
Evonik Industries AG1 | 28,154 | 892 | |
Lynas Rare Earths, Ltd.1,2 | 163,843 | 792 | |
101,738 | |||
Energy 3.15% | |||
Canadian Natural Resources, Ltd. (CAD denominated) | 557,454 | 20,382 | |
Gazprom PJSC (ADR)1 | 1,084,575 | 10,676 | |
EOG Resources, Inc. | 118,294 | 9,495 | |
TC Energy Corp. (CAD denominated) | 111,856 | 5,384 | |
BP PLC1 | 994,134 | 4,503 | |
ConocoPhillips | 59,579 | 4,038 | |
Chevron Corp. | 39,374 | 3,994 | |
TotalEnergies SE1 | 76,739 | 3,677 | |
Royal Dutch Shell PLC, Class B1 | 141,570 | 3,136 | |
Suncor Energy, Inc. | 95,189 | 1,974 | |
Tourmaline Oil Corp. | 41,394 | 1,446 | |
Cimarex Energy Co. | 16,136 | 1,407 | |
Reliance Industries, Ltd.1 | 40,272 | 1,362 | |
DT Midstream, Inc. | 6,500 | 301 | |
71,775 |
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Common stocks (continued) Utilities 2.44% | Shares | Value (000) | |
China Resources Gas Group, Ltd.1 | 1,534,000 | $8,051 | |
DTE Energy Company | 68,893 | 7,696 | |
Enel SpA1 | 986,481 | 7,574 | |
Iberdrola SA, non-registered shares1 | 624,011 | 6,232 | |
E.ON SE1 | 371,446 | 4,545 | |
Entergy Corp. | 40,254 | 3,998 | |
NextEra Energy, Inc. | 50,596 | 3,973 | |
PG&E Corp.2 | 265,891 | 2,553 | |
Engie SA1 | 141,365 | 1,855 | |
Endesa, SA1 | 87,461 | 1,764 | |
China Gas Holdings, Ltd.1 | 578,200 | 1,705 | |
National Grid PLC1 | 142,632 | 1,697 | |
Ørsted AS1 | 12,576 | 1,659 | |
AES Corp. | 52,478 | 1,198 | |
Power Grid Corporation of India, Ltd.1 | 425,708 | 1,079 | |
55,579 | |||
Real estate 2.25% | |||
Crown Castle International Corp. REIT | 88,328 | 15,309 | |
American Tower Corp. REIT | 37,070 | 9,839 | |
Country Garden Services Holdings Co., Ltd.1 | 848,968 | 6,662 | |
Longfor Group Holdings, Ltd.1 | 1,422,000 | 6,535 | |
VICI Properties, Inc. REIT | 129,563 | 3,681 | |
Boston Properties, Inc. REIT | 23,376 | 2,533 | |
China Resources Mixc Lifestyle Services, Ltd.1 | 414,600 | 2,295 | |
Equinix, Inc. REIT | 2,288 | 1,808 | |
CIFI Holdings (Group) Co., Ltd.1 | 1,970,000 | 1,335 | |
Sun Hung Kai Properties, Ltd.1 | 67,000 | 832 | |
Iron Mountain, Inc. REIT | 11,600 | 504 | |
51,333 | |||
Total common stocks (cost: $1,692,607,000) | 2,180,078 | ||
Preferred securities 0.78% Consumer discretionary 0.43% | |||
Volkswagen AG, nonvoting preferred shares1 | 43,408 | 9,724 | |
Financials 0.19% | |||
Banco Bradesco SA, preferred nominative shares | 1,048,670 | 4,011 | |
Fannie Mae, Series S, 8.25% noncumulative preferred shares2,3 | 58,870 | 153 | |
Federal Home Loan Mortgage Corp., Series Z, 8.375% noncumulative preferred shares2 | 61,516 | 147 | |
4,311 | |||
Information technology 0.11% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 42,831 | 2,507 | |
Health care 0.05% | |||
Grifols, SA, Class B, nonvoting non-registered preferred shares1 | 86,785 | 1,279 | |
Total preferred securities (cost: $20,558,000) | 17,821 |
American Funds Insurance Series — Capital World Growth and Income Fund — Page 55 of 242
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Rights & warrants 0.00% Communication services 0.00% | Shares | Value (000) | |
Bharti Airtel Ltd., rights, expire 20211,2 | 13,994 | $29 | |
Total rights & warrants (cost: $0) | 29 | ||
Convertible stocks 0.11% Information technology 0.07% | |||
Broadcom, Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 1,016 | 1,557 | |
Financials 0.04% | |||
2020 Cash Mandatory Exchangeable Trust, convertible preferred shares, 5.25% 20234 | 900 | 1,020 | |
Total convertible stocks (cost: $2,569,000) | 2,577 | ||
Convertible bonds & notes 0.27% Communication services 0.24% | Principal amount (000) | ||
Sea Ltd., convertible notes, 2.375% 2025 | $ 1,500 | 5,332 | |
Consumer discretionary 0.03% | |||
Rivian Automotive, Inc., convertible notes, 0% 20261,5,6 | 734 | 734 | |
Total convertible bonds & notes (cost: $4,574,000) | 6,066 | ||
Bonds, notes & other debt instruments 0.29% Corporate bonds, notes & loans 0.25% Health care 0.12% | |||
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 1,600 | 1,686 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 1,100 | 1,055 | |
2,741 | |||
Energy 0.05% | |||
TransCanada PipeLines, Ltd. 5.10% 2049 | 800 | 1,047 | |
Consumer discretionary 0.05% | |||
Carnival Corp. 11.50% 20234 | 134 | 150 | |
General Motors Company 5.40% 2023 | 300 | 327 | |
Royal Caribbean Cruises, Ltd. 11.50% 20254 | 477 | 545 | |
1,022 | |||
Communication services 0.02% | |||
CenturyLink, Inc. 7.50% 2024 | 400 | 443 | |
Consumer staples 0.01% | |||
JBS Investments GMBH II 7.00% 20264 | 300 | 314 | |
Total corporate bonds, notes & loans | 5,567 | ||
Bonds & notes of governments & government agencies outside the U.S. 0.04% | |||
United Mexican States, Series M, 8.00% 2023 | MXN20,000 | 1,003 | |
Total bonds, notes & other debt instruments (cost: $6,554,000) | 6,570 |
American Funds Insurance Series — Capital World Growth and Income Fund — Page 56 of 242
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Short-term securities 3.13% Money market investments 2.79% | Shares | Value (000) | |
Capital Group Central Cash Fund 0.06%7,8 | 637,105 | $63,717 | |
Money market investments purchased with collateral from securities on loan 0.34% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%7,9 | 3,393,054 | 3,393 | |
Capital Group Central Cash Fund 0.06%7,8,9 | 29,521 | 2,952 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%7,9 | 1,372,774 | 1,373 | |
7,718 | |||
Total short-term securities (cost: $71,435,000) | 71,435 | ||
Total investment securities 100.15% (cost: $1,798,297,000) | 2,284,576 | ||
Other assets less liabilities (0.15)% | (3,376) | ||
Net assets 100.00% | $2,281,200 |
Investments in affiliates8
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 2.92% | |||||||
Money market investments 2.79% | |||||||
Capital Group Central Cash Fund 0.06%7 | $66,489 | $447,328 | $450,096 | $3 | $(7) | $63,717 | $36 |
Money market investments purchased with collateral from securities on loan 0.13% | |||||||
Capital Group Central Cash Fund 0.06%7,9 | — | 2,95210 | 2,952 | —11 | |||
Total short-term securities | 66,669 | ||||||
Total 2.92% | $3 | $(7) | $66,669 | $36 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $986,269,000, which represented 43.23% of the net assets of the fund. This amount includes $985,506,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $5,675,000, which represented .25% of the net assets of the fund. |
4 | 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 $2,029,000, which represented .09% 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. Further details on this holding appear below. |
7 | Rate represents the seven-day yield at 9/30/2021. |
8 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
9 | Security purchased with cash collateral from securities on loan. |
10 | Represents net activity. |
11 | Dividend income is included with securities lending income and is not shown in this table. |
Private placement security | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Rivian Automotive, Inc., convertible notes, 0% 2026 | 7/23/2021 | $734 | $734 | .03% |
American Funds Insurance Series — Capital World Growth and Income Fund — Page 57 of 242
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Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
EUR = Euros |
GBP = British pounds |
MXN = Mexican pesos |
SDR = Swedish Depositary Receipts |
American Funds Insurance Series — Capital World Growth and Income Fund — Page 58 of 242
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Common stocks 95.55% Information technology 22.11% | Shares | Value (000) | |
Microsoft Corp. | 10,175,024 | $2,868,542 | |
Broadcom, Inc. | 2,460,201 | 1,193,025 | |
Mastercard, Inc., Class A | 1,609,121 | 559,459 | |
Accenture PLC, Class A | 991,200 | 317,105 | |
Visa, Inc., Class A | 1,282,991 | 285,786 | |
ASML Holding NV1 | 234,068 | 172,666 | |
ASML Holding NV (New York registered) (ADR) | 147,800 | 110,127 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 13,692,000 | 282,343 | |
Adobe, Inc.2 | 416,673 | 239,887 | |
Apple, Inc. | 1,220,400 | 172,687 | |
Automatic Data Processing, Inc. | 845,000 | 168,932 | |
Concentrix Corp.2 | 904,367 | 160,073 | |
Intel Corp. | 2,996,600 | 159,659 | |
ServiceNow, Inc.2 | 250,938 | 156,151 | |
Fidelity National Information Services, Inc. | 1,268,981 | 154,410 | |
Ceridian HCM Holding, Inc.2 | 1,240,574 | 139,713 | |
PayPal Holdings, Inc.2 | 498,649 | 129,754 | |
Cognizant Technology Solutions Corp., Class A | 1,489,400 | 110,528 | |
FleetCor Technologies, Inc.2 | 420,507 | 109,866 | |
GoDaddy, Inc., Class A2 | 1,402,444 | 97,750 | |
Euronet Worldwide, Inc.2 | 763,602 | 97,191 | |
Atlassian Corp. PLC, Class A2 | 247,800 | 96,994 | |
Autodesk, Inc.2 | 325,000 | 92,680 | |
Global Payments, Inc. | 572,628 | 90,235 | |
Applied Materials, Inc. | 687,400 | 88,489 | |
CDK Global, Inc. | 2,042,800 | 86,921 | |
MKS Instruments, Inc. | 481,000 | 72,588 | |
Affirm Holdings, Inc., Class A2 | 580,300 | 69,131 | |
Shopify, Inc., Class A, subordinate voting shares2 | 48,000 | 65,077 | |
TELUS International (Cda), Inc., subordinate voting shares2 | 1,817,100 | 63,617 | |
Texas Instruments, Inc. | 308,278 | 59,254 | |
Fiserv, Inc.2 | 536,700 | 58,232 | |
StoneCo, Ltd., Class A2 | 1,659,500 | 57,618 | |
KLA Corp. | 155,000 | 51,849 | |
QUALCOMM, Inc. | 375,195 | 48,393 | |
Micron Technology, Inc. | 629,500 | 44,682 | |
Dye & Durham, Ltd. | 1,322,100 | 42,943 | |
Analog Devices, Inc. | 231,000 | 38,688 | |
Lam Research Corp. | 62,390 | 35,509 | |
Samsung Electronics Co., Ltd.1 | 570,000 | 35,476 | |
Trimble, Inc.2 | 413,300 | 33,994 | |
VeriSign, Inc.2 | 61,000 | 12,506 | |
8,930,530 |
American Funds Insurance Series — Growth-Income Fund — Page 59 of 242
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Common stocks (continued) Communication services 17.20% | Shares | Value (000) | |
Alphabet, Inc., Class A2 | 393,780 | $1,052,779 | |
Alphabet, Inc., Class C2 | 352,067 | 938,367 | |
Facebook, Inc., Class A2 | 5,496,905 | 1,865,595 | |
Netflix, Inc.2 | 2,438,284 | 1,488,182 | |
Comcast Corp., Class A | 14,034,950 | 784,975 | |
Charter Communications, Inc., Class A2 | 573,127 | 416,984 | |
Electronic Arts, Inc. | 1,168,000 | 166,148 | |
Tencent Holdings, Ltd.1 | 1,782,100 | 104,492 | |
Walt Disney Company2 | 300,000 | 50,751 | |
Activision Blizzard, Inc. | 427,364 | 33,074 | |
Vodafone Group PLC1 | 20,000,000 | 30,253 | |
NetEase, Inc.1 | 1,093,900 | 18,791 | |
6,950,391 | |||
Health care 10.78% | |||
UnitedHealth Group, Inc. | 2,609,900 | 1,019,792 | |
Abbott Laboratories | 6,794,592 | 802,645 | |
Gilead Sciences, Inc. | 5,288,700 | 369,416 | |
Novo Nordisk A/S, Class B1 | 2,446,056 | 235,274 | |
Amgen, Inc. | 1,036,000 | 220,305 | |
AstraZeneca PLC1 | 1,249,112 | 150,374 | |
AstraZeneca PLC (ADR) | 721,200 | 43,315 | |
Thermo Fisher Scientific, Inc. | 336,353 | 192,168 | |
Anthem, Inc. | 463,288 | 172,714 | |
AbbVie, Inc. | 1,296,036 | 139,803 | |
PerkinElmer, Inc. | 769,600 | 133,364 | |
GlaxoSmithKline PLC1 | 6,402,300 | 120,847 | |
Medtronic PLC | 860,000 | 107,801 | |
Edwards Lifesciences Corp.2 | 674,989 | 76,415 | |
Guardant Health, Inc.2 | 606,400 | 75,806 | |
Merck & Co., Inc. | 864,000 | 64,895 | |
Eli Lilly and Company | 248,703 | 57,463 | |
Zimmer Biomet Holdings, Inc. | 342,366 | 50,109 | |
Royalty Pharma PLC, Class A | 1,170,161 | 42,290 | |
Seagen, Inc.2 | 215,292 | 36,557 | |
AmerisourceBergen Corp. | 297,000 | 35,477 | |
Vertex Pharmaceuticals, Inc.2 | 192,000 | 34,827 | |
Roche Holding AG, nonvoting non-registered shares1 | 93,081 | 33,966 | |
Stryker Corp. | 117,135 | 30,891 | |
Ultragenyx Pharmaceutical, Inc.2 | 315,000 | 28,410 | |
Humana, Inc. | 65,300 | 25,411 | |
NovoCure, Ltd.2 | 193,600 | 22,490 | |
Allogene Therapeutics, Inc.2 | 800,000 | 20,560 | |
Vir Biotechnology, Inc.2 | 258,400 | 11,246 | |
4,354,631 | |||
Industrials 10.70% | |||
Raytheon Technologies Corp. | 5,276,955 | 453,607 | |
Carrier Global Corp. | 7,297,362 | 377,711 | |
CSX Corp. | 9,106,600 | 270,830 | |
Northrop Grumman Corp. | 733,200 | 264,062 | |
Woodward, Inc. | 2,204,500 | 249,549 | |
Equifax, Inc. | 893,208 | 226,357 | |
TFI International, Inc. | 2,204,257 | 225,231 | |
Airbus SE, non-registered shares1,2 | 1,617,590 | 212,382 |
American Funds Insurance Series — Growth-Income Fund — Page 60 of 242
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Waste Connections, Inc. | 1,516,231 | $190,939 | |
TransDigm Group, Inc.2 | 302,520 | 188,945 | |
General Dynamics Corp. | 848,975 | 166,425 | |
General Electric Co. | 1,427,781 | 147,104 | |
Union Pacific Corp. | 697,700 | 136,756 | |
BWX Technologies, Inc. | 2,357,405 | 126,970 | |
Norfolk Southern Corp. | 482,759 | 115,500 | |
ITT, Inc. | 1,204,930 | 103,431 | |
Old Dominion Freight Line, Inc. | 350,000 | 100,093 | |
L3Harris Technologies, Inc. | 446,960 | 98,439 | |
Waste Management, Inc. | 625,300 | 93,395 | |
Honeywell International, Inc. | 409,067 | 86,837 | |
Air Lease Corp., Class A | 2,097,300 | 82,508 | |
Lockheed Martin Corp. | 230,000 | 79,373 | |
Fortive Corp. | 1,085,000 | 76,568 | |
Safran SA1 | 539,713 | 67,669 | |
Ryanair Holdings PLC (ADR)2 | 445,550 | 49,037 | |
Ryanair Holdings PLC1,2 | 611,907 | 11,542 | |
Fastenal Co. | 635,000 | 32,772 | |
Montana Aerospace AG1,2 | 658,516 | 23,476 | |
Cummins, Inc. | 100,000 | 22,456 | |
Otis Worldwide Corp. | 268,100 | 22,059 | |
Caterpillar, Inc. | 101,600 | 19,504 | |
4,321,527 | |||
Financials 10.04% | |||
JPMorgan Chase & Co. | 4,619,132 | 756,106 | |
Marsh & McLennan Companies, Inc. | 1,744,801 | 264,215 | |
Aon PLC, Class A | 766,629 | 219,080 | |
Chubb, Ltd. | 1,239,153 | 214,968 | |
PNC Financial Services Group, Inc. | 1,008,464 | 197,296 | |
Intercontinental Exchange, Inc. | 1,658,282 | 190,404 | |
Nasdaq, Inc. | 941,900 | 181,806 | |
BlackRock, Inc. | 205,800 | 172,596 | |
S&P Global, Inc. | 392,338 | 166,701 | |
American International Group, Inc. | 2,851,000 | 156,491 | |
Moody’s Corp. | 425,900 | 151,241 | |
Arthur J. Gallagher & Co. | 966,650 | 143,693 | |
Travelers Companies, Inc. | 831,955 | 126,465 | |
Discover Financial Services | 1,019,080 | 125,194 | |
KeyCorp | 4,886,953 | 105,656 | |
Bank of America Corp. | 2,445,755 | 103,822 | |
Hong Kong Exchanges and Clearing, Ltd.1 | 1,659,500 | 100,729 | |
State Street Corp. | 1,077,260 | 91,265 | |
B3 SA-Brasil, Bolsa, Balcao | 38,692,700 | 90,519 | |
Webster Financial Corp. | 1,601,139 | 87,198 | |
Power Corporation of Canada, subordinate voting shares3 | 2,443,100 | 80,530 | |
CME Group, Inc., Class A | 369,100 | 71,377 | |
Charles Schwab Corp. | 879,000 | 64,026 | |
Truist Financial Corp. | 870,732 | 51,068 | |
Wells Fargo & Company | 981,600 | 45,556 | |
Morgan Stanley | 431,267 | 41,967 |
American Funds Insurance Series — Growth-Income Fund — Page 61 of 242
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Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Citizens Financial Group, Inc. | 728,750 | $34,237 | |
UBS Group AG1 | 1,343,666 | 21,472 | |
4,055,678 | |||
Consumer discretionary 9.01% | |||
Amazon.com, Inc.2 | 384,860 | 1,264,280 | |
General Motors Company2 | 8,736,000 | 460,475 | |
Home Depot, Inc. | 802,661 | 263,481 | |
Wyndham Hotels & Resorts, Inc. | 3,132,634 | 241,808 | |
Royal Caribbean Cruises, Ltd.2 | 2,595,195 | 230,843 | |
MercadoLibre, Inc.2 | 110,000 | 184,734 | |
Hilton Worldwide Holdings, Inc.2 | 1,337,320 | 176,673 | |
Dollar Tree Stores, Inc.2 | 1,325,018 | 126,831 | |
Chipotle Mexican Grill, Inc.2 | 53,110 | 96,528 | |
Dollar General Corp. | 368,755 | 78,228 | |
Kering SA1 | 101,695 | 72,328 | |
Lowe’s Companies, Inc. | 345,000 | 69,987 | |
Thor Industries, Inc. | 440,200 | 54,039 | |
Hasbro, Inc. | 558,000 | 49,785 | |
McDonald’s Corp. | 198,000 | 47,740 | |
Darden Restaurants, Inc. | 296,000 | 44,835 | |
Aptiv PLC2 | 275,600 | 41,056 | |
Starbucks Corp. | 367,800 | 40,572 | |
Peloton Interactive, Inc., Class A2 | 450,000 | 39,172 | |
VF Corp. | 390,000 | 26,126 | |
YUM! Brands, Inc. | 196,630 | 24,050 | |
Airbnb, Inc., Class A2 | 39,731 | 6,665 | |
3,640,236 | |||
Materials 4.40% | |||
Linde PLC | 1,010,978 | 296,601 | |
LyondellBasell Industries NV | 2,453,100 | 230,223 | |
Celanese Corp. | 1,250,900 | 188,435 | |
Vale SA, ordinary nominative shares (ADR) | 9,406,039 | 131,214 | |
Vale SA, ordinary nominative shares | 3,404,848 | 47,668 | |
Air Products and Chemicals, Inc. | 602,306 | 154,256 | |
Dow, Inc. | 2,550,000 | 146,778 | |
International Flavors & Fragrances, Inc. | 1,075,001 | 143,749 | |
Sherwin-Williams Company | 475,300 | 132,956 | |
Freeport-McMoRan, Inc. | 3,803,000 | 123,712 | |
Rio Tinto PLC1 | 1,020,655 | 67,390 | |
Barrick Gold Corp. | 2,373,000 | 42,833 | |
PPG Industries, Inc. | 295,550 | 42,267 | |
Allegheny Technologies, Inc.2 | 1,769,447 | 29,426 | |
1,777,508 | |||
Consumer staples 3.65% | |||
Philip Morris International, Inc. | 5,517,126 | 522,968 | |
Keurig Dr Pepper, Inc. | 8,114,349 | 277,186 | |
British American Tobacco PLC1 | 4,663,859 | 162,719 | |
Nestlé SA1 | 731,589 | 88,024 | |
Anheuser-Busch InBev SA/NV1 | 1,358,211 | 76,709 | |
Molson Coors Beverage Company, Class B, restricted voting shares | 1,620,313 | 75,150 | |
Mondelez International, Inc. | 948,300 | 55,172 | |
Reckitt Benckiser Group PLC1 | 685,000 | 53,615 |
American Funds Insurance Series — Growth-Income Fund — Page 62 of 242
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Common stocks (continued) Consumer staples (continued) | Shares | Value (000) | |
Herbalife Nutrition, Ltd.2 | 849,000 | $35,981 | |
Church & Dwight Co., Inc. | 424,500 | 35,051 | |
General Mills, Inc. | 428,800 | 25,651 | |
Pernod Ricard SA1 | 117,200 | 25,630 | |
Constellation Brands, Inc., Class A | 100,700 | 21,217 | |
Kraft Heinz Company | 567,200 | 20,884 | |
1,475,957 | |||
Energy 2.98% | |||
Canadian Natural Resources, Ltd. (CAD denominated) | 7,948,000 | 290,599 | |
EOG Resources, Inc. | 2,949,400 | 236,748 | |
Chevron Corp. | 1,813,200 | 183,949 | |
ConocoPhillips | 2,699,104 | 182,918 | |
Equitrans Midstream Corp. | 10,215,807 | 103,588 | |
TC Energy Corp. (CAD denominated)3 | 1,821,019 | 87,644 | |
Baker Hughes Co., Class A | 3,492,424 | 86,368 | |
Exxon Mobil Corp. | 500,000 | 29,410 | |
Weatherford International2 | 128,424 | 2,526 | |
1,203,750 | |||
Utilities 2.37% | |||
AES Corp. | 6,298,200 | 143,788 | |
Enel SpA1 | 18,469,069 | 141,797 | |
Sempra Energy | 750,000 | 94,875 | |
Endesa, SA1 | 4,519,853 | 91,158 | |
Edison International | 1,553,200 | 86,156 | |
Entergy Corp. | 844,900 | 83,907 | |
Exelon Corp. | 1,576,100 | 76,189 | |
CenterPoint Energy, Inc. | 2,840,104 | 69,866 | |
PG&E Corp.2 | 6,742,000 | 64,723 | |
CMS Energy Corp. | 918,200 | 54,844 | |
Evergy, Inc. | 463,246 | 28,814 | |
American Electric Power Company, Inc. | 250,600 | 20,344 | |
956,461 | |||
Real estate 2.31% | |||
Equinix, Inc. REIT | 524,200 | 414,186 | |
Crown Castle International Corp. REIT | 1,206,966 | 209,191 | |
MGM Growth Properties LLC REIT, Class A | 3,996,000 | 153,047 | |
VICI Properties, Inc. REIT | 3,689,818 | 104,828 | |
Digital Realty Trust, Inc. REIT | 368,470 | 53,225 | |
934,477 | |||
Total common stocks (cost: $21,720,867,000) | 38,601,146 | ||
Convertible stocks 1.14% Health care 0.64% | |||
Danaher Corp., Series A, cumulative convertible preferred shares, 4.75% 2022 | 78,600 | 159,401 | |
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 20233 | 61,857 | 100,355 | |
259,756 | |||
Information technology 0.39% | |||
Broadcom, Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 102,783 | 157,465 |
American Funds Insurance Series — Growth-Income Fund — Page 63 of 242
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Convertible stocks (continued) Consumer discretionary 0.10% | Shares | Value (000) | |
Aptiv PLC, Series A, convertible preferred shares, 5.50% 2023 | 238,475 | $40,183 | |
Industrials 0.01% | |||
Stanley Black & Decker, Inc., convertible preferred shares, 5.25% 20223 | 35,448 | 3,731 | |
Total convertible stocks (cost: $314,563,000) | 461,135 | ||
Convertible bonds & notes 0.04% Consumer discretionary 0.04% | Principal amount (000) | ||
Rivian Automotive, Inc., convertible notes, 0% 20261,4,5 | $ 13,213 | 13,213 | |
Total convertible bonds & notes (cost: $13,213,000) | 13,213 | ||
Bonds, notes & other debt instruments 0.03% Corporate bonds, notes & loans 0.03% Energy 0.02% | |||
Weatherford International, Ltd. 11.00% 20246 | 5,280 | 5,569 | |
Industrials 0.01% | |||
Boeing Company 4.875% 2025 | 4,706 | 5,239 | |
Consumer discretionary 0.00% | |||
General Motors Financial Co. 4.30% 2025 | 160 | 176 | |
General Motors Financial Co. 5.25% 2026 | 827 | 945 | |
1,121 | |||
Total corporate bonds, notes & loans | 11,929 | ||
Total bonds, notes & other debt instruments (cost: $10,845,000) | 11,929 | ||
Short-term securities 3.54% Money market investments 3.27% | Shares | ||
Capital Group Central Cash Fund 0.06%7,8 | 13,229,366 | 1,323,069 | |
Money market investments purchased with collateral from securities on loan 0.27% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%7,9 | 47,354,413 | 47,354 | |
Capital Group Central Cash Fund 0.06%7,8,9 | 412,005 | 41,205 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%7,9 | 19,158,808 | 19,159 | |
107,718 | |||
Total short-term securities (cost: $1,430,606,000) | 1,430,787 | ||
Total investment securities 100.30% (cost: $23,490,094,000) | 40,518,210 | ||
Other assets less liabilities (0.30)% | (119,946) | ||
Net assets 100.00% | $40,398,264 |
American Funds Insurance Series — Growth-Income Fund — Page 64 of 242
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Investments in affiliates8
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized depreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 3.37% | |||||||
Money market investments 3.27% | |||||||
Capital Group Central Cash Fund 0.06%7 | $1,005,764 | $5,561,987 | $5,244,615 | $(44) | $(23) | $1,323,069 | $640 |
Money market investments purchased with collateral from securities on loan 0.10% | |||||||
Capital Group Central Cash Fund 0.06%7,9 | — | 41,20510 | 41,205 | —11 | |||
Total short-term securities | 1,364,274 | ||||||
Total 3.37% | $(44) | $(23) | $1,364,274 | $640 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,414,335,000, which represented 5.98% of the net assets of the fund. This amount includes $2,401,122,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $114,949,000, which represented .28% of the net assets of the fund. |
4 | Value determined using significant unobservable inputs. |
5 | 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. Further details on this holding appear below. |
6 | 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 $5,569,000, which represented .01% of the net assets of the fund. |
7 | Rate represents the seven-day yield at 9/30/2021. |
8 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
9 | Security purchased with cash collateral from securities on loan. |
10 | Represents net activity. |
11 | Dividend income is included with securities lending income and is not shown in this table. |
Private placement security | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Rivian Automotive, Inc., convertible notes, 0% 2026 | 7/23/2021 | $13,213 | $13,213 | .03% |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
American Funds Insurance Series — Growth-Income Fund — Page 65 of 242
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Common stocks 90.71% Financials 18.60% | Shares | Value (000) | |
ING Groep NV1 | 3,465,400 | $50,297 | |
HDFC Bank, Ltd.1 | 2,309,600 | 49,514 | |
AIA Group, Ltd.1 | 2,338,600 | 26,927 | |
Zurich Insurance Group AG1 | 54,100 | 22,059 | |
DNB Bank ASA1,2 | 825,000 | 18,730 | |
Sberbank of Russia PJSC (ADR)1 | 999,000 | 18,562 | |
Moscow Exchange MICEX-RTS PJSC1 | 5,665,000 | 13,526 | |
Aegon NV1 | 2,483,308 | 12,749 | |
B3 SA-Brasil, Bolsa, Balcao | 3,906,000 | 9,138 | |
PICC Property and Casualty Co., Ltd., Class H1 | 7,905,000 | 7,627 | |
Great-West Lifeco, Inc. (CAD denominated) | 248,102 | 7,549 | |
Fairfax Financial Holdings, Ltd., subordinate voting shares | 15,600 | 6,298 | |
Allfunds Group PLC1,2 | 99,470 | 1,913 | |
244,889 | |||
Consumer discretionary 13.03% | |||
LVMH Moët Hennessy-Louis Vuitton SE1 | 48,000 | 34,323 | |
Prosus NV, Class N1 | 345,500 | 27,211 | |
Sony Group Corp.1 | 224,700 | 25,023 | |
Taylor Wimpey PLC1 | 11,268,250 | 23,272 | |
Naspers, Ltd., Class N1 | 95,400 | 15,721 | |
Flutter Entertainment PLC (EUR denominated)1,2 | 73,000 | 14,331 | |
Ferrari NV (EUR denominated)1 | 50,000 | 10,467 | |
Kering SA1 | 14,379 | 10,227 | |
Galaxy Entertainment Group, Ltd.1,2 | 1,345,000 | 6,786 | |
Alibaba Group Holding, Ltd.1,2 | 221,000 | 4,110 | |
171,471 | |||
Health care 9.97% | |||
Daiichi Sankyo Company, Ltd.1 | 1,359,000 | 36,255 | |
Aier Eye Hospital Group Co., Ltd., Class A1 | 2,610,189 | 21,486 | |
Richter Gedeon Nyrt.1 | 642,232 | 17,482 | |
Fresenius SE & Co. KGaA1 | 283,701 | 13,640 | |
HOYA Corp.1 | 85,000 | 13,294 | |
Novartis AG1 | 113,564 | 9,317 | |
Chugai Pharmaceutical Co., Ltd.1 | 228,900 | 8,385 | |
GlaxoSmithKline PLC1 | 386,500 | 7,295 | |
Teva Pharmaceutical Industries, Ltd. (ADR)2 | 417,000 | 4,062 | |
131,216 | |||
Industrials 9.91% | |||
Airbus SE, non-registered shares1,2 | 246,912 | 32,418 | |
Ryanair Holdings PLC (ADR)2 | 179,000 | 19,701 | |
easyJet PLC1,2,3 | 2,198,000 | 19,580 | |
Singapore Technologies Engineering, Ltd.1 | 5,270,000 | 14,724 | |
Melrose Industries PLC1 | 5,669,640 | 13,120 |
American Funds Insurance Series — International Growth and Income Fund — Page 66 of 242
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
LIXIL Corp.1 | 385,000 | $11,188 | |
Komatsu, Ltd.1 | 445,000 | 10,700 | |
Aena SME, SA, non-registered shares1 | 52,450 | 9,047 | |
130,478 | |||
Communication services 9.29% | |||
SoftBank Corp.1 | 4,691,700 | 63,700 | |
Yandex NV, Class A2 | 397,400 | 31,669 | |
Tencent Holdings, Ltd.1 | 209,500 | 12,284 | |
SoftBank Group Corp.1 | 106,600 | 6,160 | |
Bilibili, Inc., Class Z1,2 | 69,200 | 4,620 | |
Rightmove PLC1 | 423,500 | 3,885 | |
122,318 | |||
Materials 7.48% | |||
Rio Tinto PLC1 | 455,900 | 30,101 | |
Vale SA, ordinary nominative shares | 1,712,500 | 23,975 | |
Vale SA, ordinary nominative shares (ADR) | 424,300 | 5,919 | |
Linde PLC | 53,000 | 15,549 | |
Air Liquide SA, non-registered shares1 | 79,200 | 12,673 | |
Akzo Nobel NV1 | 93,955 | 10,231 | |
98,448 | |||
Information technology 6.50% | |||
SUMCO Corp.1 | 1,304,800 | 26,198 | |
Nice, Ltd. (ADR) | 73,400 | 20,849 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 1,010,000 | 20,827 | |
ASML Holding NV1 | 23,900 | 17,630 | |
85,504 | |||
Consumer staples 6.19% | |||
Imperial Brands PLC1 | 1,816,200 | 37,903 | |
Philip Morris International, Inc. | 140,000 | 13,271 | |
Treasury Wine Estates, Ltd.1 | 1,152,442 | 10,245 | |
Pernod Ricard SA1 | 39,400 | 8,616 | |
British American Tobacco PLC1 | 216,802 | 7,564 | |
Kirin Holdings Company, Ltd.1 | 209,500 | 3,891 | |
81,490 | |||
Utilities 3.92% | |||
ENN Energy Holdings, Ltd.1 | 1,150,000 | 18,832 | |
Enel SpA1 | 1,522,000 | 11,685 | |
E.ON SE1 | 636,000 | 7,781 | |
SSE PLC1 | 325,350 | 6,832 | |
Iberdrola SA, non-registered shares1 | 648,392 | 6,476 | |
51,606 | |||
Energy 3.44% | |||
Royal Dutch Shell PLC, Class A (GBP denominated)1 | 792,000 | 17,497 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 272,500 | 9,963 | |
Canadian Natural Resources, Ltd. | 92,000 | 3,362 | |
Cenovus Energy, Inc. | 935,000 | 9,427 | |
TotalEnergies SE1 | 104,750 | 5,019 | |
45,268 |
American Funds Insurance Series — International Growth and Income Fund — Page 67 of 242
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Common stocks (continued) Real estate 2.38% | Shares | Value (000) | |
China Resources Mixc Lifestyle Services, Ltd.1 | 2,193,461 | $12,141 | |
Embassy Office Parks REIT1 | 2,191,000 | 9,974 | |
Sun Hung Kai Properties, Ltd.1 | 747,000 | 9,283 | |
31,398 | |||
Total common stocks (cost: $890,234,000) | 1,194,086 | ||
Preferred securities 0.84% Energy 0.84% | |||
Petróleo Brasileiro SA (Petrobras), preferred nominative shares (ADR) | 591,100 | 5,911 | |
Petróleo Brasileiro SA (Petrobras), preferred nominative shares | 1,031,250 | 5,157 | |
Total preferred securities (cost: $7,450,000) | 11,068 | ||
Bonds, notes & other debt instruments 0.58% Bonds & notes of governments & government agencies outside the U.S. 0.31% | Principal amount (000) | ||
Brazil (Federative Republic of) 10.00% 2025 | BRL 22,000 | 4,019 | |
Corporate bonds, notes & loans 0.27% Health care 0.27% | |||
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | $1,060 | 1,016 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 1,160 | 1,002 | |
Valeant Pharmaceuticals International, Inc. 6.125% 20254 | 1,521 | 1,555 | |
Total corporate bonds, notes & loans | 3,573 | ||
Total bonds, notes & other debt instruments (cost: $9,336,000) | 7,592 | ||
Short-term securities 8.15% Money market investments 7.28% | Shares | ||
Capital Group Central Cash Fund 0.06%5,6 | 957,637 | 95,773 | |
Money market investments purchased with collateral from securities on loan 0.87% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%5,7 | 5,051,215 | 5,051 | |
Capital Group Central Cash Fund 0.06%5,6,7 | 43,948 | 4,395 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%5,7 | 2,043,637 | 2,044 | |
11,490 | |||
Total short-term securities (cost: $107,255,000) | 107,263 | ||
Total investment securities 100.28% (cost: $1,014,275,000) | 1,320,009 | ||
Other assets less liabilities (0.28)% | (3,666) | ||
Net assets 100.00% | $1,316,343 |
American Funds Insurance Series — International Growth and Income Fund — Page 68 of 242
unaudited
Investments in affiliates6
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 7.61% | |||||||
Money market investments 7.28% | |||||||
Capital Group Central Cash Fund 0.06%5 | $31,755 | $442,479 | $378,458 | $(5) | $2 | $95,773 | $30 |
Money market investments purchased with collateral from securities on loan 0.33% | |||||||
Capital Group Central Cash Fund 0.06%5,7 | — | 4,3958 | 4,395 | —9 | |||
Total short-term securities | 100,168 | ||||||
Total 7.61% | $(5) | $2 | $100,168 | $30 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $1,013,354,000, which represented 76.98% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $8,143,000, which represented .62% of the net assets of the fund. |
4 | 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 $1,555,000, which represented .12% of the net assets of the fund. |
5 | Rate represents the seven-day yield at 9/30/2021. |
6 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
7 | Security purchased with cash collateral from securities on loan. |
8 | Represents net activity. |
9 | Dividend income is included with securities lending income and is not shown in this table. |
Key to abbreviations | |
ADR = American Depositary Receipts | |
BRL = Brazilian reais | |
CAD = Canadian dollars | |
EUR = Euros | |
GBP = British pounds |
American Funds Insurance Series — International Growth and Income Fund — Page 69 of 242
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Common stocks 76.29% Financials 16.06% | Shares | Value (000) | |
JPMorgan Chase & Co. | 83,742 | $13,708 | |
Zurich Insurance Group AG1 | 32,539 | 13,268 | |
Toronto-Dominion Bank (CAD denominated) | 184,874 | 12,239 | |
PNC Financial Services Group, Inc. | 51,658 | 10,106 | |
Münchener Rückversicherungs-Gesellschaft AG1 | 30,134 | 8,260 | |
CME Group, Inc., Class A | 39,587 | 7,655 | |
ING Groep NV1 | 425,213 | 6,172 | |
DNB Bank ASA1,2 | 257,107 | 5,837 | |
Power Corporation of Canada, subordinate voting shares | 165,056 | 5,441 | |
American International Group, Inc. | 98,870 | 5,427 | |
Principal Financial Group, Inc. | 81,751 | 5,265 | |
DBS Group Holdings, Ltd.1 | 237,006 | 5,263 | |
Great-West Lifeco, Inc. (CAD denominated) | 171,518 | 5,219 | |
Hong Kong Exchanges and Clearing, Ltd.1 | 76,200 | 4,625 | |
Intesa Sanpaolo SpA1 | 1,528,574 | 4,337 | |
Kaspi.kz JSC1,3 | 34,518 | 3,678 | |
Kaspi.kz JSC (GDR)1 | 1,179 | 126 | |
KeyCorp | 156,410 | 3,382 | |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 400,500 | 2,718 | |
Ping An Insurance (Group) Company of China, Ltd., Class A1 | 66,500 | 495 | |
Truist Financial Corp. | 49,312 | 2,892 | |
Tryg A/S1 | 110,449 | 2,509 | |
AIA Group, Ltd.1 | 194,400 | 2,238 | |
Citigroup, Inc. | 30,949 | 2,172 | |
Swedbank AB, Class A1 | 99,344 | 2,009 | |
PICC Property and Casualty Co., Ltd., Class H1 | 2,082,000 | 2,009 | |
East West Bancorp, Inc. | 25,615 | 1,986 | |
Moscow Exchange MICEX-RTS PJSC1 | 826,831 | 1,974 | |
Webster Financial Corp. | 35,594 | 1,938 | |
China Pacific Insurance (Group) Co., Ltd., Class H1 | 637,350 | 1,874 | |
Citizens Financial Group, Inc. | 35,898 | 1,686 | |
Morgan Stanley | 17,245 | 1,678 | |
B3 SA-Brasil, Bolsa, Balcao | 716,196 | 1,676 | |
U.S. Bancorp | 26,785 | 1,592 | |
National Bank of Canada4 | 20,610 | 1,583 | |
Travelers Companies, Inc. | 9,654 | 1,468 | |
China Merchants Bank Co., Ltd., Class H1 | 168,500 | 1,337 | |
KBC Groep NV1 | 13,711 | 1,231 | |
State Street Corp. | 14,042 | 1,190 | |
Euronext NV1 | 10,067 | 1,136 | |
Franklin Resources, Inc. | 37,329 | 1,109 | |
BNP Paribas SA1 | 15,885 | 1,018 | |
Sberbank of Russia PJSC (ADR)1 | 53,929 | 1,002 | |
UBS Group AG1 | 61,152 | 977 | |
Discover Financial Services | 6,874 | 844 | |
Everest Re Group, Ltd. | 3,219 | 807 |
American Funds Insurance Series — Capital Income Builder — Page 70 of 242
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Common stocks (continued) Financials (continued) | Shares | Value (000) | |
BlackRock, Inc. | 889 | $746 | |
Marsh & McLennan Companies, Inc. | 4,725 | 716 | |
Banco Santander, SA1 | 185,078 | 670 | |
Wells Fargo & Company | 9,185 | 426 | |
EFG International AG1 | 55,320 | 401 | |
BOC Hong Kong (Holdings), Ltd.1 | 127,000 | 380 | |
Vontobel Holding AG1 | 3,576 | 302 | |
Blackstone, Inc. | 2,530 | 294 | |
Skandinaviska Enskilda Banken AB, Class A1 | 14,350 | 202 | |
Cullen/Frost Bankers, Inc. | 1,550 | 184 | |
SouthState Corp. | 2,444 | 183 | |
IIFL Wealth Management, Ltd.1 | 8,122 | 171 | |
169,831 | |||
Information technology 9.68% | |||
Broadcom, Inc. | 74,476 | 36,117 | |
Microsoft Corp. | 76,636 | 21,605 | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 543,800 | 11,214 | |
Intel Corp. | 97,186 | 5,178 | |
Vanguard International Semiconductor Corp.1 | 886,700 | 4,771 | |
GlobalWafers Co., Ltd.1 | 147,000 | 4,153 | |
NetApp, Inc. | 43,208 | 3,878 | |
Automatic Data Processing, Inc. | 11,788 | 2,357 | |
Paychex, Inc. | 20,475 | 2,302 | |
KLA Corp. | 5,996 | 2,006 | |
Texas Instruments, Inc. | 10,048 | 1,931 | |
MediaTek, Inc.1 | 38,000 | 1,225 | |
Apple, Inc. | 8,611 | 1,218 | |
QUALCOMM, Inc. | 7,686 | 991 | |
Tokyo Electron, Ltd.1 | 2,200 | 970 | |
Western Union Company | 35,072 | 709 | |
Tripod Technology Corp.1 | 139,000 | 554 | |
International Business Machines Corp. | 2,373 | 330 | |
SAP SE1 | 1,944 | 263 | |
FDM Group (Holdings) PLC1 | 12,913 | 217 | |
BE Semiconductor Industries NV1 | 2,742 | 216 | |
SINBON Electronics Co., Ltd.1 | 25,000 | 211 | |
102,416 | |||
Consumer staples 8.92% | |||
Philip Morris International, Inc. | 275,602 | 26,124 | |
British American Tobacco PLC1 | 364,329 | 12,711 | |
Nestlé SA1 | 59,784 | 7,193 | |
PepsiCo, Inc. | 43,154 | 6,491 | |
General Mills, Inc. | 103,178 | 6,172 | |
Altria Group, Inc. | 108,790 | 4,952 | |
Coca-Cola Company | 78,083 | 4,097 | |
Unilever PLC (GBP denominated)1 | 75,109 | 4,060 | |
Carlsberg A/S, Class B1 | 19,325 | 3,144 | |
Danone SA1 | 45,700 | 3,119 | |
Imperial Brands PLC1 | 146,630 | 3,060 | |
ITC, Ltd.1 | 799,671 | 2,527 | |
Keurig Dr Pepper, Inc. | 61,542 | 2,102 | |
Kraft Heinz Company | 51,924 | 1,912 | |
Kimberly-Clark Corp. | 13,432 | 1,779 |
American Funds Insurance Series — Capital Income Builder — Page 71 of 242
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Common stocks (continued) Consumer staples (continued) | Shares | Value (000) | |
Anheuser-Busch InBev SA/NV1 | 24,109 | $1,362 | |
Reckitt Benckiser Group PLC1 | 11,472 | 898 | |
Procter & Gamble Company | 5,909 | 826 | |
Vector Group, Ltd. | 63,092 | 805 | |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A1 | 78,800 | 457 | |
Viscofan, SA, non-registered shares1 | 3,202 | 209 | |
Scandinavian Tobacco Group A/S1 | 10,343 | 204 | |
Hilton Food Group PLC1 | 10,963 | 173 | |
94,377 | |||
Health care 7.67% | |||
Gilead Sciences, Inc. | 259,662 | 18,137 | |
Amgen, Inc. | 71,784 | 15,265 | |
AbbVie, Inc. | 90,424 | 9,754 | |
GlaxoSmithKline PLC1 | 469,144 | 8,855 | |
Novartis AG1 | 79,111 | 6,490 | |
Medtronic PLC | 51,252 | 6,424 | |
AstraZeneca PLC1 | 42,893 | 5,164 | |
Abbott Laboratories | 30,101 | 3,556 | |
UnitedHealth Group, Inc. | 6,875 | 2,686 | |
Roche Holding AG, nonvoting non-registered shares1 | 5,452 | 1,990 | |
Royalty Pharma PLC, Class A | 37,284 | 1,348 | |
Merck & Co., Inc. | 15,884 | 1,193 | |
Koninklijke Philips NV (EUR denominated)1 | 2,984 | 132 | |
Eli Lilly and Company | 432 | 100 | |
Organon & Co.2 | 662 | 22 | |
81,116 | |||
Real estate 7.14% | |||
Crown Castle International Corp. REIT | 144,331 | 25,015 | |
VICI Properties, Inc. REIT | 359,049 | 10,201 | |
Digital Realty Trust, Inc. REIT | 51,021 | 7,370 | |
Gaming and Leisure Properties, Inc. REIT | 116,610 | 5,401 | |
Link Real Estate Investment Trust REIT1 | 494,559 | 4,227 | |
MGM Growth Properties LLC REIT, Class A | 77,396 | 2,964 | |
Federal Realty Investment Trust REIT | 24,787 | 2,925 | |
TAG Immobilien AG1 | 89,496 | 2,623 | |
Equinix, Inc. REIT | 2,059 | 1,627 | |
CK Asset Holdings, Ltd.1 | 280,500 | 1,612 | |
Charter Hall Group REIT1 | 130,891 | 1,601 | |
American Tower Corp. REIT | 4,505 | 1,196 | |
Longfor Group Holdings, Ltd.1 | 228,000 | 1,048 | |
CTP NV1,2 | 45,559 | 992 | |
Embassy Office Parks REIT1 | 210,800 | 960 | |
Powergrid Infrastructure Investment Trust1,2 | 586,900 | 957 | |
Alexandria Real Estate Equities, Inc. REIT | 4,708 | 900 | |
Mindspace Business Parks REIT1 | 214,689 | 887 | |
Kimco Realty Corp. REIT | 38,414 | 797 | |
Americold Realty Trust REIT | 24,690 | 717 | |
Sun Hung Kai Properties, Ltd.1 | 56,255 | 699 | |
China Resources Land, Ltd.1 | 132,000 | 555 | |
PSP Swiss Property AG1 | 1,512 | 182 | |
75,456 |
American Funds Insurance Series — Capital Income Builder — Page 72 of 242
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Common stocks (continued) Utilities 6.84% | Shares | Value (000) | |
E.ON SE1 | 629,796 | $7,705 | |
Enel SpA1 | 956,624 | 7,345 | |
DTE Energy Company | 59,643 | 6,663 | |
Power Grid Corporation of India, Ltd.1 | 2,326,144 | 5,898 | |
Iberdrola SA, non-registered shares1 | 569,420 | 5,687 | |
Dominion Energy, Inc. | 75,279 | 5,497 | |
Exelon Corp. | 103,552 | 5,006 | |
Duke Energy Corp. | 43,986 | 4,293 | |
Southern Co. | 56,406 | 3,495 | |
Entergy Corp. | 32,726 | 3,250 | |
National Grid PLC1 | 260,642 | 3,100 | |
AES Corp. | 108,642 | 2,480 | |
Engie SA1 | 159,944 | 2,099 | |
SSE PLC1 | 93,552 | 1,964 | |
China Gas Holdings, Ltd.1 | 653,000 | 1,926 | |
Public Service Enterprise Group, Inc. | 19,661 | 1,197 | |
Endesa, SA1 | 46,824 | 944 | |
Sempra Energy | 6,997 | 885 | |
Edison International | 10,825 | 600 | |
Power Assets Holdings, Ltd.1 | 89,000 | 522 | |
Centrica PLC1,2 | 676,986 | 517 | |
CenterPoint Energy, Inc. | 15,770 | 388 | |
Ratch Group PCL, foreign registered shares1 | 205,400 | 276 | |
CMS Energy Corp. | 3,492 | 209 | |
Keppel Infrastructure Trust1 | 318,836 | 128 | |
Evergy, Inc. | 1,770 | 110 | |
NextEra Energy, Inc. | 1,381 | 108 | |
72,292 | |||
Energy 4.98% | |||
TC Energy Corp. (CAD denominated) | 156,060 | 7,511 | |
TC Energy Corp. | 47,261 | 2,273 | |
Chevron Corp. | 81,581 | 8,276 | |
Canadian Natural Resources, Ltd. (CAD denominated) | 205,264 | 7,505 | |
Gazprom PJSC (ADR)1 | 505,603 | 4,977 | |
EOG Resources, Inc. | 49,536 | 3,976 | |
Enbridge, Inc. (CAD denominated) | 98,825 | 3,937 | |
ConocoPhillips | 55,622 | 3,770 | |
TotalEnergies SE1 | 57,100 | 2,736 | |
Equitrans Midstream Corp. | 188,505 | 1,911 | |
BP PLC1 | 379,151 | 1,718 | |
Royal Dutch Shell PLC, Class B1 | 45,215 | 1,002 | |
Royal Dutch Shell PLC, Class B (ADR) | 6,718 | 297 | |
Schlumberger, Ltd. | 32,895 | 975 | |
Exxon Mobil Corp. | 12,844 | 755 | |
DT Midstream, Inc. | 15,182 | 702 | |
Petronet LNG, Ltd.1 | 96,578 | 309 | |
52,630 | |||
Communication services 4.55% | |||
Comcast Corp., Class A | 235,792 | 13,188 | |
SoftBank Corp.1 | 718,700 | 9,758 | |
BCE, Inc. | 117,130 | 5,868 | |
Verizon Communications, Inc. | 72,832 | 3,934 | |
Koninklijke KPN NV1 | 1,074,608 | 3,370 |
American Funds Insurance Series — Capital Income Builder — Page 73 of 242
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Common stocks (continued) Communication services (continued) | Shares | Value (000) | |
HKT Trust and HKT, Ltd., units1 | 1,898,240 | $2,596 | |
TELUS Corp. | 106,474 | 2,340 | |
Indus Towers, Ltd.1 | 377,394 | 1,553 | |
WPP PLC1 | 103,022 | 1,384 | |
Nippon Telegraph and Telephone Corp.1 | 37,400 | 1,034 | |
ITV PLC1,2 | 533,667 | 757 | |
Omnicom Group, Inc. | 9,475 | 687 | |
ProSiebenSat.1 Media SE1 | 36,197 | 666 | |
HKBN, Ltd.1 | 292,000 | 345 | |
Zegona Communications PLC1 | 153,536 | 313 | |
Vodafone Group PLC1 | 125,093 | 189 | |
Sanoma OYJ1 | 10,670 | 167 | |
48,149 | |||
Industrials 4.00% | |||
Raytheon Technologies Corp. | 141,690 | 12,180 | |
BOC Aviation, Ltd.1 | 352,900 | 2,933 | |
RELX PLC1 | 99,650 | 2,872 | |
Singapore Technologies Engineering, Ltd.1 | 996,900 | 2,785 | |
Lockheed Martin Corp. | 7,954 | 2,745 | |
VINCI SA1 | 25,352 | 2,626 | |
BAE Systems PLC1 | 267,541 | 2,022 | |
Trinity Industries, Inc. | 72,684 | 1,975 | |
ABB, Ltd.1 | 56,334 | 1,878 | |
Waste Management, Inc. | 11,880 | 1,774 | |
Union Pacific Corp. | 6,238 | 1,223 | |
Cía. de Distribución Integral Logista Holdings, SA, non-registered shares1 | 49,604 | 1,043 | |
CCR SA, ordinary nominative shares | 461,038 | 990 | |
United Parcel Service, Inc., Class B | 4,629 | 843 | |
Honeywell International, Inc. | 3,620 | 768 | |
Kone OYJ, Class B1 | 9,661 | 677 | |
Caterpillar, Inc. | 2,833 | 544 | |
Cummins, Inc. | 2,305 | 518 | |
General Dynamics Corp. | 2,281 | 447 | |
Deutsche Post AG1 | 6,185 | 390 | |
Melrose Industries PLC1 | 100,542 | 233 | |
L3Harris Technologies, Inc. | 1,051 | 231 | |
Norfolk Southern Corp. | 937 | 224 | |
Atlas Corp. | 11,760 | 179 | |
Mitsubishi Corp.1 | 4,500 | 141 | |
Stanley Black & Decker, Inc. | 429 | 75 | |
42,316 | |||
Materials 3.72% | |||
Vale SA, ordinary nominative shares (ADR) | 426,369 | 5,948 | |
Vale SA, ordinary nominative shares | 228,906 | 3,205 | |
Rio Tinto PLC1 | 103,705 | 6,847 | |
BHP Group PLC1 | 234,143 | 5,836 | |
LyondellBasell Industries NV | 44,909 | 4,215 | |
Air Products and Chemicals, Inc. | 10,943 | 2,803 | |
Dow, Inc. | 35,366 | 2,036 | |
Evonik Industries AG1 | 49,884 | 1,580 | |
Fortescue Metals Group, Ltd.1 | 148,243 | 1,563 | |
BASF SE1 | 18,785 | 1,431 | |
Linde PLC | 4,392 | 1,289 |
American Funds Insurance Series — Capital Income Builder — Page 74 of 242
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Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Asahi Kasei Corp.1 | 85,100 | $908 | |
Celanese Corp. | 5,796 | 873 | |
Nexa Resources SA4 | 47,740 | 363 | |
WestRock Co. | 6,230 | 310 | |
Amcor PLC (CDI)1 | 8,656 | 102 | |
39,309 | |||
Consumer discretionary 2.73% | |||
Home Depot, Inc. | 16,136 | 5,297 | |
McDonald’s Corp. | 17,170 | 4,140 | |
Midea Group Co., Ltd., Class A1 | 320,675 | 3,455 | |
Industria de Diseño Textil, SA1 | 72,975 | 2,655 | |
Starbucks Corp. | 20,066 | 2,214 | |
Kering SA1 | 2,579 | 1,834 | |
Hasbro, Inc. | 19,563 | 1,746 | |
Cie. Financière Richemont SA, Class A1 | 15,925 | 1,642 | |
Taylor Wimpey PLC1 | 655,617 | 1,354 | |
YUM! Brands, Inc. | 9,331 | 1,141 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 1,229 | 879 | |
Darden Restaurants, Inc. | 5,786 | 876 | |
VF Corp. | 9,813 | 657 | |
Sands China, Ltd.1,2 | 158,800 | 326 | |
OPAP SA1 | 13,313 | 205 | |
Fielmann AG1 | 2,713 | 181 | |
Inchcape PLC1 | 16,060 | 174 | |
Thule Group AB1 | 2,169 | 109 | |
28,885 | |||
Total common stocks (cost: $632,172,000) | 806,777 | ||
Preferred securities 0.18% Information technology 0.18% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 31,844 | 1,864 | |
Total preferred securities (cost: $1,259,000) | 1,864 | ||
Rights & warrants 0.00% Consumer discretionary 0.00% | |||
Cie. Financière Richemont SA, Class A, warrants, expire 20232 | 7,130 | 3 | |
Total rights & warrants (cost: $0) | 3 | ||
Convertible stocks 1.05% Utilities 0.36% | |||
NextEra Energy, Inc., convertible preferred units, 4.872% 2022 | 29,485 | 1,728 | |
AES Corp., convertible preferred units, 6.875% 2024 | 8,659 | 835 | |
American Electric Power Company, Inc., convertible preferred units, 6.125% 2023 | 9,704 | 483 | |
American Electric Power Company, Inc., convertible preferred shares, 6.125% 2022 | 4,100 | 195 | |
Dominion Energy, Inc., Series A, convertible preferred shares, 7.25% 2022 | 5,900 | 573 | |
3,814 |
American Funds Insurance Series — Capital Income Builder — Page 75 of 242
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Convertible stocks (continued) Information technology 0.32% | Shares | Value (000) | |
Broadcom, Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 2,247 | $3,442 | |
Health care 0.27% | |||
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 2023 | 1,745 | 2,831 | |
Industrials 0.07% | |||
Stanley Black & Decker, Inc., convertible preferred shares, 5.25% 20224 | 7,000 | 737 | |
Consumer discretionary 0.03% | |||
Aptiv PLC, Series A, convertible preferred shares, 5.50% 2023 | 1,948 | 328 | |
Total convertible stocks (cost: $8,468,000) | 11,152 | ||
Investment funds 2.89% | |||
Capital Group Central Corporate Bond Fund5 | 3,037,882 | 30,530 | |
Total investment funds (cost: $30,653,000) | 30,530 | ||
Convertible bonds & notes 0.05% Consumer discretionary 0.05% | Principal amount (000) | ||
Royal Caribbean Cruises, Ltd., convertible notes, 4.25% 2023 | $ 392 | 553 | |
Total convertible bonds & notes (cost: $394,000) | 553 | ||
Bonds, notes & other debt instruments 14.82% U.S. Treasury bonds & notes 8.30% U.S. Treasury 6.25% | |||
U.S. Treasury 0.125% 2022 | 15,750 | 15,757 | |
U.S. Treasury 0.125% 2022 | 5,850 | 5,853 | |
U.S. Treasury 0.125% 2022 | 2,600 | 2,601 | |
U.S. Treasury 0.125% 2022 | 1,625 | 1,625 | |
U.S. Treasury 0.125% 2023 | 2,200 | 2,199 | |
U.S. Treasury 0.125% 2023 | 2,000 | 1,998 | |
U.S. Treasury 0.125% 2023 | 1,125 | 1,124 | |
U.S. Treasury 0.125% 2023 | 1,025 | 1,024 | |
U.S. Treasury 0.375% 2025 | 507 | 501 | |
U.S. Treasury 0.75% 2026 | 4,903 | 4,866 | |
U.S. Treasury 0.75% 2026 | 3,850 | 3,818 | |
U.S. Treasury 0.75% 2026 | 2,475 | 2,449 | |
U.S. Treasury 0.75% 2026 | 1 | 1 | |
U.S. Treasury 1.875% 2026 | 6,300 | 6,574 | |
U.S. Treasury 2.00% 20266 | 2,800 | 2,939 | |
U.S. Treasury 0.50% 2027 | 2,900 | 2,807 | |
U.S. Treasury 1.25% 2028 | 1,350 | 1,350 | |
U.S. Treasury 1.25% 2031 | 888 | 867 | |
U.S. Treasury 1.125% 20406 | 2,400 | 2,074 | |
U.S. Treasury 2.00% 2051 | 395 | 388 | |
U.S. Treasury 2.375% 20516 | 4,927 | 5,255 | |
66,070 |
American Funds Insurance Series — Capital Income Builder — Page 76 of 242
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Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury inflation-protected securities 2.05% | Principal amount (000) | Value (000) | |
U.S. Treasury Inflation-Protected Security 0.125% 20237 | $2,650 | $2,741 | |
U.S. Treasury Inflation-Protected Security 0.375% 20237 | 1,173 | 1,236 | |
U.S. Treasury Inflation-Protected Security 0.625% 20237 | 3,114 | 3,260 | |
U.S. Treasury Inflation-Protected Security 0.125% 20247 | 1,513 | 1,618 | |
U.S. Treasury Inflation-Protected Security 0.125% 20247 | 930 | 992 | |
U.S. Treasury Inflation-Protected Security 0.50% 20247 | 567 | 605 | |
U.S. Treasury Inflation-Protected Security 0.625% 20247 | 685 | 731 | |
U.S. Treasury Inflation-Protected Security 0.125% 20257 | 1,162 | 1,247 | |
U.S. Treasury Inflation-Protected Security 0.125% 20267 | 2,961 | 3,206 | |
U.S. Treasury Inflation-Protected Security 0.125% 20307 | 1,963 | 2,157 | |
U.S. Treasury Inflation-Protected Security 0.125% 20317 | 1,678 | 1,842 | |
U.S. Treasury Inflation-Protected Security 0.125% 20516,7 | 1,861 | 2,038 | |
21,673 | |||
Total U.S. Treasury bonds & notes | 87,743 | ||
Mortgage-backed obligations 3.70% Federal agency mortgage-backed obligations 2.97% | |||
Fannie Mae Pool #695412 5.00% 20338 | —9 | —9 | |
Fannie Mae Pool #AD3566 5.00% 20358 | 2 | 2 | |
Fannie Mae Pool #AC0794 5.00% 20398 | 8 | 9 | |
Fannie Mae Pool #931768 5.00% 20398 | 1 | 2 | |
Fannie Mae Pool #AE0311 3.50% 20408 | 12 | 13 | |
Fannie Mae Pool #932606 5.00% 20408 | 4 | 5 | |
Fannie Mae Pool #AJ1873 4.00% 20418 | 7 | 8 | |
Fannie Mae Pool #AE1248 5.00% 20418 | 11 | 13 | |
Fannie Mae Pool #AE1274 5.00% 20418 | 8 | 9 | |
Fannie Mae Pool #AE1277 5.00% 20418 | 5 | 6 | |
Fannie Mae Pool #AE1283 5.00% 20418 | 3 | 3 | |
Fannie Mae Pool #AE1290 5.00% 20428 | 6 | 6 | |
Fannie Mae Pool #AT0300 3.50% 20438 | 2 | 3 | |
Fannie Mae Pool #AT3954 3.50% 20438 | 3 | 3 | |
Fannie Mae Pool #AY1829 3.50% 20448 | 4 | 4 | |
Fannie Mae Pool #AW8240 3.50% 20448 | 1 | 1 | |
Fannie Mae Pool #BJ5015 4.00% 20478 | 53 | 58 | |
Fannie Mae Pool #BH3122 4.00% 20478 | 1 | 1 | |
Fannie Mae Pool #BK6840 4.00% 20488 | 34 | 38 | |
Fannie Mae Pool #BK5232 4.00% 20488 | 25 | 27 | |
Fannie Mae Pool #BK9743 4.00% 20488 | 11 | 12 | |
Fannie Mae Pool #CA2804 4.50% 20488 | 324 | 351 | |
Fannie Mae Pool #BK9761 4.50% 20488 | 6 | 7 | |
Fannie Mae Pool #CA5540 3.00% 20508 | 4,300 | 4,590 | |
Fannie Mae Pool #BF0497 3.00% 20608 | 407 | 434 | |
Freddie Mac Pool #Q15874 4.00% 20438 | 2 | 2 | |
Freddie Mac Pool #G67711 4.00% 20488 | 324 | 358 | |
Freddie Mac Pool #Q56599 4.00% 20488 | 41 | 46 | |
Freddie Mac Pool #Q56175 4.00% 20488 | 30 | 33 | |
Freddie Mac Pool #Q55971 4.00% 20488 | 28 | 31 | |
Freddie Mac Pool #Q56576 4.00% 20488 | 22 | 24 | |
Freddie Mac Pool #Q55970 4.00% 20488 | 13 | 14 | |
Freddie Mac Pool #Q58411 4.50% 20488 | 81 | 89 | |
Freddie Mac Pool #Q58436 4.50% 20488 | 37 | 41 | |
Freddie Mac Pool #Q58378 4.50% 20488 | 29 | 32 | |
Freddie Mac Pool #Q57242 4.50% 20488 | 25 | 27 |
American Funds Insurance Series — Capital Income Builder — Page 77 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #ZT1704 4.50% 20498 | $1,776 | $1,969 | |
Freddie Mac Pool #SD8158 3.50% 20518 | 24 | 25 | |
Freddie Mac Pool #SD8164 3.50% 20518 | 1 | 1 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 20568 | 314 | 328 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 20568,10 | 308 | 321 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 20568,10 | 147 | 153 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 20578,10 | 120 | 129 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 20578 | 101 | 108 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 20578 | 28 | 29 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 20588 | 1,218 | 1,298 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 20588 | 843 | 885 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 20588 | 566 | 594 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MA, 3.50% 20588 | 26 | 28 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 20588 | 12 | 13 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 20288 | 1,210 | 1,277 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-2, Class A1C, 2.75% 20298 | 1,757 | 1,834 | |
Government National Mortgage Assn. 2.00% 20518,11 | 1,580 | 1,600 | |
Government National Mortgage Assn. 2.50% 20518,11 | 1,636 | 1,686 | |
Government National Mortgage Assn. 2.50% 20518,11 | 470 | 486 | |
Government National Mortgage Assn. 3.50% 20518,11 | 42 | 44 | |
Government National Mortgage Assn. Pool #MA5764 4.50% 20498 | 795 | 851 | |
Government National Mortgage Assn. Pool #MA5877 4.50% 20498 | 89 | 95 | |
Government National Mortgage Assn. Pool #694836 5.661% 20598 | 1 | 1 | |
Government National Mortgage Assn. Pool #765152 4.14% 20618 | —9 | —9 | |
Government National Mortgage Assn. Pool #766525 4.70% 20628 | —9 | —9 | |
Government National Mortgage Assn. Pool #777452 3.63% 20638 | 5 | 5 | |
Government National Mortgage Assn. Pool #767639 3.89% 20638 | —9 | —9 | |
Government National Mortgage Assn. Pool #725893 5.20% 20648 | —9 | —9 | |
Government National Mortgage Assn. Pool #AA7554 6.64% 20648 | 1 | 1 | |
Uniform Mortgage-Backed Security 2.50% 20368,11 | 1,608 | 1,674 | |
Uniform Mortgage-Backed Security 2.00% 20518,11 | 1,511 | 1,509 | |
Uniform Mortgage-Backed Security 2.00% 20518,11 | 364 | 364 | |
Uniform Mortgage-Backed Security 2.50% 20518,11 | 103 | 106 | |
Uniform Mortgage-Backed Security 2.50% 20518,11 | 47 | 48 | |
Uniform Mortgage-Backed Security 3.00% 20518,11 | 1,003 | 1,050 | |
Uniform Mortgage-Backed Security 3.00% 20518,11 | 591 | 618 | |
Uniform Mortgage-Backed Security 3.50% 20518,11 | 1,750 | 1,851 | |
Uniform Mortgage-Backed Security 4.00% 20518,11 | 3,425 | 3,670 | |
Uniform Mortgage-Backed Security 4.50% 20518,11 | 402 | 435 | |
31,388 | |||
Collateralized mortgage-backed obligations (privately originated) 0.57% | |||
Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 20483,8,10 | 225 | 225 | |
Cascade Funding Mortgage Trust, Series 2020-HB4, Class A, 0.946% 20303,8,10 | 150 | 150 | |
Cascade Funding Mortgage Trust, Series 2021-HB6, Class A, 0.898% 20363,8,10 | 156 | 157 | |
Citigroup Mortgage Loan Trust, Inc., Series 2020-EXP1, Class A1A, 1.804% 20603,8,10 | 31 | 31 | |
Flagstar Mortgage Trust, Series 2021-10INV, Class A3, 2.50% 20513,8,10 | 297 | 303 | |
Freddie Mac, Series 2021-DNA5, Class B1, (1-month USD-SOFR + 3.05%) 3.10% 20343,8,10 | 16 | 16 | |
Legacy Mortgage Asset Trust, Series 2019-GS5, Class A1, 3.20% 20593,8,10 | 176 | 177 | |
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 20593,8,10 | 145 | 146 | |
Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 1.75% 20613,8,10 | 95 | 95 | |
Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 0.836% 20523,8,10 | 1,000 | 1,001 | |
Mello Warehouse Securitization Trust, Series 2020-2, Class A, (1-month USD-LIBOR + 0.80%) 0.886% 20533,8,10 | 175 | 176 | |
Mello Warehouse Securitization Trust, Series 2020-1, Class A, (1-month USD-LIBOR + 0.90%) 0.986% 20533,8,10 | 279 | 280 |
American Funds Insurance Series — Capital Income Builder — Page 78 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Collateralized mortgage-backed obligations (privately originated) (continued) | Principal amount (000) | Value (000) | |
MRA Issuance Trust, Series 2021-8, Class A1X, (1-month USD-LIBOR + 1.15%) 1.246% 20213,8,10 | $406 | $406 | |
MRA Issuance Trust, Series 2020-10, Class A, (1-month USD-LIBOR + 1.70%) 1.79% 20223,8,10 | 1,057 | 1,058 | |
MRA Issuance Trust, Series 2021-16, Class A1, (1-month USD-LIBOR + 1.55%) 1.644% 20513,8,10 | 523 | 523 | |
NewRez Warehouse Securitization Trust, Series 2021-1, Class A, (1-month USD-LIBOR + 0.75%) 0.836% 20553,8,10 | 281 | 282 | |
Towd Point Mortgage Trust, Series 2016-5, Class A1, 2.50% 20563,8,10 | 66 | 67 | |
Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 20573,8,10 | 66 | 68 | |
Towd Point Mortgage Trust, Series 2017-3, Class A1, 2.75% 20573,8,10 | 44 | 44 | |
Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 20583,8,10 | 80 | 83 | |
Towd Point Mortgage Trust, Series 2018-5, Class A1A, 3.25% 20583,8,10 | 42 | 42 | |
Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 20603,8 | 630 | 639 | |
ZH Trust, Series 2021-2, Class A, 2.349% 20273,8 | 100 | 101 | |
6,070 | |||
Commercial mortgage-backed securities 0.16% | |||
BX Trust, Series 2021-VOLT, Class A, (1-month USD-LIBOR + 0.70%) 0.80% 20363,8,10 | 548 | 549 | |
BX Trust, Series 2021-SOAR, Class A, (1-month USD-LIBOR + 0.67%) 0.754% 20383,8,10 | 174 | 174 | |
BX Trust, Series 2021-SOAR, Class D, (1-month USD-LIBOR + 1.40%) 1.484% 20383,8,10 | 100 | 100 | |
Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD-LIBOR + 1.08%) 1.164% 20383,8,10 | 100 | 100 | |
GS Mortgage Securities Trust, Series 2018-HULA, Class A, 1.004% 20253,8,10 | 232 | 233 | |
Hawaii Hotel Trust, Series 2019-MAUI, Class A, (1-month USD-LIBOR + 1.15%) 1.234% 20383,8,10 | 300 | 301 | |
Motel 6 Trust, Series 2021-MTL6, Class A, (1-month USD-LIBOR + 0.90%) 1.00% 20383,8,10 | 100 | 100 | |
Multi Family Connecticut Avenue Securities, Series 2019-1, Class M10, (1-month USD-LIBOR + 3.25%) 3.336% 20493,8,10 | 150 | 152 | |
1,709 | |||
Total mortgage-backed obligations | 39,167 | ||
Corporate bonds, notes & loans 2.20% Energy 0.50% | |||
Apache Corp. 4.25% 2030 | 385 | 415 | |
BP Capital Markets America, Inc. 3.633% 2030 | 360 | 402 | |
Cenovus Energy, Inc. 5.40% 2047 | 75 | 92 | |
Cheniere Energy, Inc. 3.70% 2029 | 252 | 274 | |
Enbridge Energy Partners LP 7.375% 2045 | 37 | 59 | |
Energy Transfer Operating LP 5.00% 2050 | 341 | 394 | |
Energy Transfer Partners LP 5.30% 2047 | 60 | 70 | |
Energy Transfer Partners LP 6.00% 2048 | 76 | 97 | |
Energy Transfer Partners LP 6.25% 2049 | 150 | 197 | |
EQT Corp. 5.00% 2029 | 35 | 39 | |
EQT Corp. 3.625% 20313 | 20 | 21 | |
Equinor ASA 2.375% 2030 | 365 | 376 | |
Exxon Mobil Corp. 2.995% 2039 | 200 | 207 | |
MPLX LP 5.50% 2049 | 625 | 794 | |
New Fortress Energy, Inc. 6.50% 20263 | 80 | 77 | |
NGL Energy Operating LLC 7.50% 20263 | 80 | 82 | |
ONEOK, Inc. 3.10% 2030 | 42 | 44 | |
ONEOK, Inc. 4.95% 2047 | 51 | 60 | |
ONEOK, Inc. 7.15% 2051 | 97 | 141 | |
Pemex Project Funding Master Trust, Series 13, 6.625% 2035 | 150 | 142 | |
Petróleos Mexicanos 7.69% 2050 | 75 | 71 | |
Sabine Pass Liquefaction, LLC 4.50% 2030 | 215 | 248 | |
Shell International Finance BV 2.00% 2024 | 420 | 437 | |
TransCanada PipeLines, Ltd. 5.10% 2049 | 425 | 556 | |
5,295 |
American Funds Insurance Series — Capital Income Builder — Page 79 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services 0.39% | Principal amount (000) | Value (000) | |
AT&T, Inc. 3.50% 2041 | $75 | $77 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20313 | 360 | 367 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20343 | 175 | 173 | |
SBA Tower Trust 1.631% 20263 | 253 | 253 | |
Sprint Corp. 11.50% 2021 | 1,425 | 1,443 | |
Sprint Corp. 6.875% 2028 | 325 | 416 | |
Sprint Corp. 8.75% 2032 | 275 | 411 | |
T-Mobile US, Inc. 3.875% 2030 | 625 | 690 | |
Verizon Communications, Inc. 2.355% 20323 | 126 | 125 | |
Walt Disney Company 4.625% 2040 | 120 | 151 | |
4,106 | |||
Health care 0.35% | |||
AbbVie, Inc. 4.25% 2049 | 92 | 109 | |
AstraZeneca Finance LLC 1.75% 2028 | 65 | 66 | |
AstraZeneca Finance LLC 2.25% 2031 | 9 | 9 | |
AstraZeneca PLC 3.375% 2025 | 200 | 218 | |
AstraZeneca PLC 3.00% 2051 | 11 | 11 | |
Centene Corp. 4.625% 2029 | 530 | 578 | |
Centene Corp. 3.375% 2030 | 179 | 186 | |
Centene Corp. 2.625% 2031 | 40 | 40 | |
Merck & Co., Inc. 3.40% 2029 | 110 | 122 | |
Pfizer, Inc. 2.70% 2050 | 425 | 419 | |
Tenet Healthcare Corp. 7.50% 20253 | 325 | 345 | |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 700 | 738 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 650 | 623 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 300 | 259 | |
3,723 | |||
Consumer discretionary 0.25% | |||
Bayerische Motoren Werke AG 4.15% 20303 | 290 | 335 | |
Carnival Corp. 11.50% 20233 | 72 | 80 | |
General Motors Company 5.95% 2049 | 90 | 119 | |
Marriott International, Inc. 2.85% 2031 | 50 | 51 | |
Royal Caribbean Cruises, Ltd. 10.875% 20233 | 250 | 280 | |
Royal Caribbean Cruises, Ltd. 11.50% 20253 | 325 | 371 | |
Toyota Motor Credit Corp. 2.15% 2022 | 505 | 514 | |
Toyota Motor Credit Corp. 2.60% 2022 | 856 | 862 | |
2,612 | |||
Utilities 0.21% | |||
AEP Transmission Co., LLC 3.80% 2049 | 45 | 51 | |
American Electric Power Company, Inc. 3.65% 2021 | 300 | 302 | |
Edison International 4.125% 2028 | 132 | 141 | |
FirstEnergy Corp. 2.25% 2030 | 107 | 103 | |
FirstEnergy Corp. 2.65% 2030 | 493 | 492 | |
Pacific Gas and Electric Co. 2.95% 2026 | 97 | 100 | |
Pacific Gas and Electric Co. 3.75% 2028 | 105 | 110 | |
Pacific Gas and Electric Co. 4.65% 2028 | 284 | 311 | |
Pacific Gas and Electric Co. 2.50% 2031 | 375 | 357 | |
Southern California Edison Co., Series C, 3.60% 2045 | 206 | 209 | |
2,176 |
American Funds Insurance Series — Capital Income Builder — Page 80 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Information technology 0.14% | Principal amount (000) | Value (000) | |
Broadcom, Inc. 5.00% 2030 | $420 | $491 | |
Broadcom, Inc. 3.75% 20513 | 91 | 91 | |
Lenovo Group, Ltd. 5.875% 2025 | 400 | 451 | |
Oracle Corp. 2.875% 2031 | 140 | 144 | |
Oracle Corp. 3.60% 2050 | 150 | 150 | |
ServiceNow, Inc. 1.40% 2030 | 130 | 122 | |
1,449 | |||
Industrials 0.13% | |||
Boeing Company 2.70% 2022 | 300 | 304 | |
Boeing Company 2.75% 2026 | 91 | 95 | |
Boeing Company 5.15% 2030 | 284 | 333 | |
Boeing Company 5.805% 2050 | 95 | 127 | |
CSX Corp. 4.75% 2048 | 50 | 65 | |
General Electric Co. 3.625% 2030 | 215 | 239 | |
Masco Corp. 3.125% 2051 | 10 | 10 | |
Norfolk Southern Corp. 3.00% 2022 | 224 | 225 | |
1,398 | |||
Consumer staples 0.10% | |||
7-Eleven, Inc. 0.80% 20243 | 50 | 50 | |
7-Eleven, Inc. 0.95% 20263 | 60 | 59 | |
7-Eleven, Inc. 1.30% 20283 | 45 | 43 | |
7-Eleven, Inc. 1.80% 20313 | 325 | 310 | |
Altria Group, Inc. 3.70% 2051 | 25 | 23 | |
British American Tobacco PLC 4.54% 2047 | 73 | 76 | |
British American Tobacco PLC 4.758% 2049 | 130 | 141 | |
Constellation Brands, Inc. 3.15% 2029 | 190 | 203 | |
Kraft Heinz Company 3.00% 2026 | 93 | 98 | |
Kraft Heinz Company 5.50% 2050 | 75 | 99 | |
1,102 | |||
Financials 0.07% | |||
Bank of America Corp. 1.922% 2031 (USD-SOFR + 1.37% on 10/24/2030)12 | 231 | 222 | |
JPMorgan Chase & Co. 1.953% 2032 (USD-SOFR + 1.065% on 2/4/2031)12 | 227 | 219 | |
Navient Corp. 5.00% 2027 | 150 | 155 | |
New York Life Global Funding 3.00% 20283 | 150 | 162 | |
758 | |||
Materials 0.04% | |||
Dow Chemical Co. 3.60% 2050 | 75 | 80 | |
International Flavors & Fragrances, Inc. 1.832% 20273 | 100 | 100 | |
LYB International Finance III, LLC 4.20% 2050 | 75 | 86 | |
LYB International Finance III, LLC 3.625% 2051 | 102 | 107 | |
373 | |||
Real estate 0.02% | |||
Equinix, Inc. 1.55% 2028 | 25 | 25 | |
Equinix, Inc. 3.20% 2029 | 144 | 153 | |
Equinix, Inc. 2.50% 2031 | 47 | 47 | |
225 | |||
Total corporate bonds, notes & loans | 23,217 |
American Funds Insurance Series — Capital Income Builder — Page 81 of 242
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Bonds, notes & other debt instruments (continued) Asset-backed obligations 0.51% | Principal amount (000) | Value (000) | |
Aesop Funding LLC, Series 2020-2, Class A, 2.02% 20273,8 | $197 | $202 | |
Aesop Funding LLC, Series 2020-2A, Class B, 2.96% 20273,8 | 100 | 106 | |
CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20603,8 | 370 | 375 | |
CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20603,8 | 94 | 94 | |
CF Hippolyta LLC, Series 2020-1, Class B1, 2.28% 20603,8 | 95 | 96 | |
CF Hippolyta LLC, Series 2020-1, Class B2, 2.60% 20603,8 | 95 | 96 | |
CF Hippolyta LLC, Series 2021-1, Class A1, 1.53% 20613,8 | 333 | 335 | |
Drivetime Auto Owner Trust, Series 2020-1, Class A, 1.94% 20233,8 | 22 | 22 | |
FREED ABS Trust, Series 2021-2, Class A, 0.68% 20283,8 | 76 | 76 | |
GCI Funding I LLC, Series 2020-1, Class A, 2.82% 20453,8 | 623 | 631 | |
GCI Funding I LLC, Series 2021-1, Class A, 2.38% 20463,8 | 97 | 98 | |
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 20393,8 | 160 | 168 | |
Hertz Vehicle Financing LLC, Series 2021-1A, Class A, 1.21% 20253,8 | 247 | 248 | |
Hertz Vehicle Financing LLC, Series 2021-1A, Class B, 1.56% 20253,8 | 100 | 101 | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class A, 1.68% 20273,8 | 268 | 269 | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class B, 2.12% 20273,8 | 100 | 101 | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class C, 2.52% 20273,8 | 100 | 101 | |
Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 20693,8 | 72 | 73 | |
Navient Student Loan Trust, Series 2021-C, Class A, 1.06% 20693,8 | 202 | 202 | |
Nelnet Student Loan Trust, Series 2021-C, Class AFL, (1-month USD-LIBOR + 0.74%) 0.829% 20623,8,10 | 314 | 315 | |
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 20623,8 | 298 | 298 | |
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 20623,8 | 598 | 599 | |
Ondeck Asset Securitization Trust LLC, Series 2021-1A, Class A, 1.59% 20273,8 | 100 | 100 | |
Oportun Funding LLC, Series 2021-B, Class A, 1.47% 20313,8 | 100 | 100 | |
OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20593,8,10 | 197 | 198 | |
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 20533,8 | 105 | 104 | |
Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 20343,8,10 | 335 | 335 | |
5,443 | |||
Bonds & notes of governments & government agencies outside the U.S. 0.08% | |||
Peru (Republic of) 2.783% 2031 | 190 | 189 | |
Portuguese Republic 5.125% 2024 | 18 | 20 | |
Qatar (State of) 4.50% 2028 | 200 | 234 | |
Saudi Arabia (Kingdom of) 3.625% 2028 | 200 | 220 | |
United Mexican States 3.25% 2030 | 200 | 205 | |
868 | |||
Municipals 0.03% California 0.00% | |||
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B, 2.746% 2034 | 15 | 15 | |
Illinois 0.03% | |||
G.O. Bonds, Pension Funding, Series 2003, 5.10% 2033 | 225 | 262 | |
Total municipals | 277 | ||
Total bonds, notes & other debt instruments (cost: $154,644,000) | 156,715 | ||
Short-term securities 5.96% Money market investments 5.76% | Shares | ||
Capital Group Central Cash Fund 0.06%5,13 | 609,430 | 60,949 |
American Funds Insurance Series — Capital Income Builder — Page 82 of 242
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Short-term securities (continued) Money market investments purchased with collateral from securities on loan 0.20% | Shares | Value (000) | |
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%13,14 | 916,167 | $916 | |
Capital Group Central Cash Fund 0.06%5,13,14 | 7,971 | 797 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%13,14 | 370,666 | 371 | |
2,084 | |||
Total short-term securities (cost: $63,032,000) | 63,033 | ||
Total investment securities 101.24% (cost: $890,622,000) | 1,070,627 | ||
Other assets less liabilities (1.24)% | (13,095) | ||
Net assets 100.00% | $1,057,532 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount15 (000) | Value at 9/30/202116 (000) | Unrealized appreciation (depreciation) at 9/30/2021 (000) |
2 Year U.S. Treasury Note Futures | Short | 21 | December 2021 | $(4,200) | $(4,621) | $2 |
5 Year U.S. Treasury Note Futures | Long | 92 | December 2021 | 9,200 | 11,292 | (69) |
10 Year U.S. Treasury Note Futures | Long | 33 | December 2021 | 3,300 | 4,343 | (51) |
10 Year Ultra U.S. Treasury Note Futures | Short | 41 | December 2021 | (4,100) | (5,955) | 111 |
20 Year U.S. Treasury Bond Futures | Long | 4 | December 2021 | 400 | 637 | (17) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 76 | December 2021 | 7,600 | 14,521 | (480) |
$(504) |
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized depreciation at 9/30/2021 (000) | |
Purchases (000) | Sales (000) | |||
MXN2,000 | USD100 | Citibank | 10/18/2021 | $(4) |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (000) | Unrealized appreciation at 9/30/2021 (000) |
3-month USD-LIBOR | 0.337% | 5/18/2025 | $18,500 | $317 | $— | $317 |
3-month USD-LIBOR | 0.5935% | 5/18/2030 | 7,200 | 517 | — | 517 |
3-month USD-LIBOR | 0.807% | 5/18/2050 | 1,800 | 434 | — | 434 |
$— | $1,268 |
Credit default swaps
Centrally cleared credit default swaps on credit indices — sell protection
Receive/ Payment frequency | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (000) | Unrealized depreciation at 9/30/2021 (000) |
5.00%/Quarterly | CDX.NA.HY.37 | 12/20/2026 | $2,975 | $274 | $286 | $(12) |
American Funds Insurance Series — Capital Income Builder — Page 83 of 242
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Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | |
Investment funds 2.89% | |||||||
Capital Group Central Corporate Bond Fund | $— | $30,652 | $— | $— | $(122) | $30,530 | $194 |
Short-term securities 5.84% | |||||||
Money market investments 5.76% | |||||||
Capital Group Central Cash Fund 0.06%13 | 56,762 | 190,354 | 186,166 | (2) | 1 | 60,949 | 32 |
Money market investments purchased with collateral from securities on loan 0.08% | |||||||
Capital Group Central Cash Fund 0.06%13,14 | — | 79717 | 797 | —18 | |||
Total short-term securities | 61,746 | ||||||
Total 8.73% | $(2) | $(121) | $92,276 | $226 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $299,634,000, which represented 28.33% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | 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 $20,224,000, which represented 1.91% of the net assets of the fund. |
4 | All or a portion of this security was on loan. The total value of all such securities was $2,211,000, which represented .21% of the net assets of the fund. |
5 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
6 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $1,620,000, which represented .15% of the net assets of the fund. |
7 | Index-linked bond whose principal amount moves with a government price index. |
8 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
9 | Amount less than one thousand. |
10 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
11 | Purchased on a TBA basis. |
12 | Step bond; coupon rate may change at a later date. |
13 | Rate represents the seven-day yield at 9/30/2021. |
14 | Security purchased with cash collateral from securities on loan. |
15 | Notional amount is calculated based on the number of contracts and notional contract size. |
16 | Value is calculated based on the notional amount and current market price. |
17 | Represents net activity. |
18 | Dividend income is included with securities lending income and is not shown in this table. |
Key to abbreviations and symbol |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
EUR = Euros |
G.O. = General Obligation |
GBP = British pounds |
GDR = Global Depositary Receipts |
LIBOR = London Interbank Offered Rate |
MXN = Mexican pesos |
SOFR = Secured Overnight Financing Rate |
TBA = To-be-announced |
USD/$ = U.S. dollars |
American Funds Insurance Series — Capital Income Builder — Page 84 of 242
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Common stocks 70.31% Information technology 16.48% | Shares | Value (000) | |
Microsoft Corp. | 4,624,561 | $1,303,756 | |
Broadcom, Inc. | 1,545,598 | 749,507 | |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 5,461,700 | 609,799 | |
ASML Holding NV (New York registered) (ADR) | 770,900 | 574,405 | |
MKS Instruments, Inc. | 1,700,000 | 256,547 | |
Flex, Ltd.1 | 13,000,000 | 229,840 | |
VeriSign, Inc.1 | 1,100,000 | 225,511 | |
Dell Technologies, Inc., Class C1 | 2,000,000 | 208,080 | |
Mastercard, Inc., Class A | 538,000 | 187,052 | |
Concentrix Corp.1 | 954,257 | 168,903 | |
PayPal Holdings, Inc.1 | 569,200 | 148,112 | |
RingCentral, Inc., Class A1 | 558,593 | 121,494 | |
Shopify, Inc., Class A, subordinate voting shares1 | 89,000 | 120,664 | |
Fidelity National Information Services, Inc. | 777,182 | 94,567 | |
DocuSign, Inc.1 | 242,000 | 62,298 | |
Intel Corp. | 1,075,000 | 57,276 | |
NVIDIA Corp. | 274,264 | 56,817 | |
Okta, Inc., Class A1 | 174,680 | 41,459 | |
Apple, Inc. | 150,000 | 21,225 | |
5,237,312 | |||
Financials 12.37% | |||
Chubb, Ltd. | 2,200,000 | 381,656 | |
First Republic Bank | 1,480,000 | 285,462 | |
Capital One Financial Corp. | 1,750,000 | 283,447 | |
JPMorgan Chase & Co. | 1,705,000 | 279,091 | |
Blackstone, Inc. | 2,383,450 | 277,291 | |
Synchrony Financial | 4,750,000 | 232,180 | |
Bank of America Corp. | 5,250,000 | 222,863 | |
CME Group, Inc., Class A | 977,200 | 188,971 | |
Apollo Global Management, Inc., Class A | 2,769,732 | 170,588 | |
Nasdaq, Inc. | 844,100 | 162,928 | |
KKR & Co., Inc. | 2,277,000 | 138,624 | |
MSCI, Inc. | 225,200 | 136,998 | |
Toronto-Dominion Bank (CAD denominated) | 1,996,383 | 132,162 | |
Western Alliance Bancorporation | 1,182,849 | 128,718 | |
Intercontinental Exchange, Inc. | 1,076,000 | 123,546 | |
Citigroup, Inc. | 1,500,000 | 105,270 | |
PNC Financial Services Group, Inc. | 500,000 | 97,820 | |
Webster Financial Corp. | 1,478,124 | 80,499 | |
Ares Management Corp., Class A | 1,015,403 | 74,967 | |
Brookfield Asset Management, Inc., Class A | 1,260,000 | 67,423 | |
EQT AB2 | 1,446,647 | 59,587 | |
SLM Corp. | 2,960,000 | 52,096 | |
BlackRock, Inc. | 62,000 | 51,997 | |
S&P Global, Inc. | 102,000 | 43,339 |
American Funds Insurance Series — Asset Allocation Fund — Page 85 of 242
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Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Bridgepoint Group PLC1,2 | 5,170,493 | $35,233 | |
Antin Infrastructure Partners SA1,2 | 939,597 | 31,672 | |
Aon PLC, Class A | 87,000 | 24,862 | |
Bright Health Group, Inc.1,3 | 1,974,816 | 16,114 | |
The Bank of N.T. Butterfield & Son, Ltd. | 421,585 | 14,970 | |
Hong Kong Exchanges and Clearing, Ltd.2 | 170,000 | 10,319 | |
Progressive Corp. | 105,000 | 9,491 | |
Islandsbanki hf.1,2 | 9,555,235 | 8,762 | |
Jonah Energy Parent LLC1,2,4 | 32,117 | 691 | |
3,929,637 | |||
Consumer discretionary 8.91% | |||
Amazon.com, Inc.1 | 141,860 | 466,016 | |
Home Depot, Inc. | 1,331,200 | 436,980 | |
Aramark | 9,000,000 | 295,740 | |
General Motors Company1 | 3,750,000 | 197,662 | |
LVMH Moët Hennessy-Louis Vuitton SE2 | 256,896 | 183,697 | |
Dollar General Corp. | 837,187 | 177,601 | |
Hilton Worldwide Holdings, Inc.1 | 1,256,949 | 166,056 | |
Kontoor Brands, Inc.5 | 3,000,000 | 149,850 | |
NVR, Inc.1 | 25,000 | 119,852 | |
Darden Restaurants, Inc. | 769,109 | 116,497 | |
Caesars Entertainment, Inc.1 | 828,892 | 93,068 | |
Royal Caribbean Cruises, Ltd.1 | 1,014,324 | 90,224 | |
Etsy, Inc.1 | 418,825 | 87,099 | |
Booking Holdings, Inc.1 | 32,700 | 77,626 | |
VF Corp. | 750,000 | 50,242 | |
Chipotle Mexican Grill, Inc.1 | 27,500 | 49,982 | |
Restaurant Brands International, Inc. | 595,000 | 36,408 | |
Xpeng, Inc., Class A (ADR)1,3 | 703,800 | 25,013 | |
Dr. Martens PLC1,2 | 2,375,000 | 12,565 | |
2,832,178 | |||
Health care 8.73% | |||
Johnson & Johnson | 3,150,000 | 508,725 | |
UnitedHealth Group, Inc. | 1,235,800 | 482,877 | |
Humana, Inc. | 765,000 | 297,700 | |
Abbott Laboratories | 2,000,000 | 236,260 | |
Cigna Corp. | 1,100,000 | 220,176 | |
CVS Health Corp. | 1,478,000 | 125,423 | |
Gilead Sciences, Inc. | 1,600,000 | 111,760 | |
Cortexyme, Inc.1,3 | 1,218,038 | 111,645 | |
Daiichi Sankyo Company, Ltd.2 | 3,873,900 | 103,347 | |
Vertex Pharmaceuticals, Inc.1 | 567,500 | 102,939 | |
Regeneron Pharmaceuticals, Inc.1 | 150,000 | 90,777 | |
Eli Lilly and Company | 335,969 | 77,626 | |
Thermo Fisher Scientific, Inc. | 116,000 | 66,274 | |
IDEXX Laboratories, Inc.1 | 94,102 | 58,522 | |
AbCellera Biologics, Inc.1,3 | 2,345,741 | 47,009 | |
Centene Corp.1 | 562,770 | 35,066 | |
Allakos, Inc.1 | 293,700 | 31,094 | |
Rotech Healthcare, Inc.1,2,4,6 | 184,138 | 19,887 | |
Ultragenyx Pharmaceutical, Inc.1 | 217,400 | 19,607 | |
Viatris, Inc. | 1,121,937 | 15,202 |
American Funds Insurance Series — Asset Allocation Fund — Page 86 of 242
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Common stocks (continued) Health care (continued) | Shares | Value (000) | |
NuCana PLC (ADR)1,5 | 2,977,153 | $7,681 | |
Pfizer, Inc. | 102,973 | 4,429 | |
2,774,026 | |||
Consumer staples 6.08% | |||
Philip Morris International, Inc. | 10,229,421 | 969,647 | |
Nestlé SA2 | 2,500,000 | 300,797 | |
Altria Group, Inc. | 4,822,000 | 219,497 | |
British American Tobacco PLC (ADR) | 3,919,700 | 138,287 | |
British American Tobacco PLC2 | 1,390,000 | 48,496 | |
Archer Daniels Midland Company | 2,000,000 | 120,020 | |
Mondelez International, Inc. | 1,200,000 | 69,816 | |
Avenue Supermarts, Ltd.1,2 | 970,539 | 55,284 | |
Costco Wholesale Corp. | 26,000 | 11,683 | |
1,933,527 | |||
Communication services 5.89% | |||
Charter Communications, Inc., Class A1 | 785,000 | 571,135 | |
Facebook, Inc., Class A1 | 1,322,700 | 448,911 | |
Alphabet, Inc., Class C1 | 168,200 | 448,305 | |
Comcast Corp., Class A | 2,654,000 | 148,438 | |
Netflix, Inc.1 | 226,700 | 138,364 | |
New York Times Co., Class A | 1,450,000 | 71,442 | |
Activision Blizzard, Inc. | 564,000 | 43,648 | |
1,870,243 | |||
Materials 3.42% | |||
Dow, Inc. | 4,800,000 | 276,288 | |
Vale SA, ordinary nominative shares | 10,893,465 | 152,507 | |
LyondellBasell Industries NV | 1,250,000 | 117,312 | |
Nucor Corp. | 1,000,000 | 98,490 | |
Rio Tinto PLC2 | 1,250,000 | 82,533 | |
Royal Gold, Inc. | 845,000 | 80,689 | |
Franco-Nevada Corp. | 568,670 | 73,879 | |
First Quantum Minerals, Ltd. | 3,580,000 | 66,281 | |
Newmont Corp. | 900,000 | 48,870 | |
Allegheny Technologies, Inc.1 | 2,589,437 | 43,062 | |
Wheaton Precious Metals Corp. | 970,000 | 36,453 | |
Sherwin-Williams Company | 37,000 | 10,350 | |
1,086,714 | |||
Industrials 3.22% | |||
Northrop Grumman Corp. | 768,400 | 276,739 | |
CSX Corp. | 6,705,369 | 199,418 | |
L3Harris Technologies, Inc. | 803,000 | 176,853 | |
Lockheed Martin Corp. | 486,000 | 167,718 | |
TuSimple Holdings, Inc., Class A1,3 | 1,500,000 | 55,695 | |
Boeing Company1 | 183,000 | 40,249 | |
Waste Management, Inc. | 249,000 | 37,191 | |
Cintas Corp. | 60,000 | 22,840 | |
New AMI I, LLC1,2,4 | 1,588,250 | 14,246 | |
Chart Industries, Inc.1 | 68,000 | 12,995 |
American Funds Insurance Series — Asset Allocation Fund — Page 87 of 242
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Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Copart, Inc.1 | 75,000 | $10,404 | |
Axon Enterprise, Inc.1 | 50,600 | 8,856 | |
1,023,204 | |||
Real estate 2.66% | |||
MGM Growth Properties LLC REIT, Class A | 5,776,800 | 221,251 | |
VICI Properties, Inc. REIT | 5,165,000 | 146,738 | |
Gaming and Leisure Properties, Inc. REIT | 2,595,400 | 120,219 | |
American Tower Corp. REIT | 328,100 | 87,081 | |
Crown Castle International Corp. REIT | 500,000 | 86,660 | |
Alexandria Real Estate Equities, Inc. REIT | 399,000 | 76,237 | |
PotlatchDeltic Corp. REIT | 1,000,000 | 51,580 | |
STORE Capital Corp. REIT | 1,370,000 | 43,881 | |
Equinix, Inc. REIT | 13,000 | 10,272 | |
843,919 | |||
Energy 1.97% | |||
Canadian Natural Resources, Ltd. (CAD denominated) | 4,907,100 | 179,416 | |
Pioneer Natural Resources Company | 927,000 | 154,355 | |
Chevron Corp. | 1,500,000 | 152,175 | |
Suncor Energy, Inc. | 4,000,000 | 82,931 | |
ConocoPhillips | 402,000 | 27,243 | |
Chesapeake Energy Corp. | 129,897 | 8,000 | |
Euronav NV3 | 750,000 | 7,320 | |
Scorpio Tankers, Inc. | 345,000 | 6,396 | |
Extraction Oil & Gas, Inc.1 | 60,212 | 3,399 | |
Oasis Petroleum, Inc. | 23,184 | 2,305 | |
Diamond Offshore Drilling, Inc.1 | 247,104 | 1,464 | |
Diamond Offshore Drilling, Inc.1,2,7 | 86,354 | 486 | |
Weatherford International1 | 55,908 | 1,100 | |
McDermott International, Ltd.1 | 40,219 | 20 | |
626,610 | |||
Utilities 0.58% | |||
Enel SpA2 | 24,000,000 | 184,261 | |
Total common stocks (cost: $13,270,708,000) | 22,341,631 | ||
Preferred securities 0.00% Industrials 0.00% | |||
ACR III LSC Holdings LLC, Series B, preferred shares1,2,4,7 | 450 | 317 | |
Total preferred securities (cost: $466,000) | 317 | ||
Rights & warrants 0.00% Energy 0.00% | |||
Sable Permian Resources, LLC, Class A, warrants, expire 20241,2,4 | 4,392 | —8 | |
Total rights & warrants (cost: $0) | —8 |
American Funds Insurance Series — Asset Allocation Fund — Page 88 of 242
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Convertible stocks 0.52% Information technology 0.29% | Shares | Value (000) | |
Broadcom, Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 60,000 | $91,921 | |
Health care 0.23% | |||
Carbon Health Technologies, Inc., convertible preferred shares, 1.00% 20242,4,6 | 50,000 | 50,000 | |
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 20233 | 13,300 | 21,577 | |
71,577 | |||
Total convertible stocks (cost: $123,308,000) | 163,498 | ||
Investment funds 5.29% | |||
Capital Group Central Corporate Bond Fund5 | 167,316,799 | 1,681,534 | |
Total investment funds (cost: $1,688,314,000) | 1,681,534 | ||
Bonds, notes & other debt instruments 21.37% U.S. Treasury bonds & notes 7.42% U.S. Treasury 5.55% | Principal amount (000) | ||
U.S. Treasury 1.625% 2021 | $98 | 98 | |
U.S. Treasury 1.75% 2021 | 425 | 426 | |
U.S. Treasury 0.125% 2022 | 83,545 | 83,581 | |
U.S. Treasury 0.125% 2022 | 10,000 | 10,004 | |
U.S. Treasury 1.375% 2022 | 5,000 | 5,022 | |
U.S. Treasury 1.375% 2022 | 280 | 284 | |
U.S. Treasury 1.50% 2022 | 9,407 | 9,533 | |
U.S. Treasury 1.625% 2022 | 94 | 96 | |
U.S. Treasury 1.875% 2022 | 80,000 | 80,606 | |
U.S. Treasury 2.125% 2022 | 37,000 | 37,916 | |
U.S. Treasury 0.125% 2023 | 44,825 | 44,800 | |
U.S. Treasury 0.125% 2023 | 3,425 | 3,416 | |
U.S. Treasury 0.25% 2023 | 30,000 | 30,013 | |
U.S. Treasury 2.25% 2023 | 5,000 | 5,213 | |
U.S. Treasury 2.375% 2023 | 5,000 | 5,148 | |
U.S. Treasury 2.75% 2023 | 15,000 | 15,603 | |
U.S. Treasury 0.25% 2024 | 15,000 | 14,949 | |
U.S. Treasury 0.375% 2024 | 40,000 | 39,830 | |
U.S. Treasury 1.50% 2024 | 22,500 | 23,158 | |
U.S. Treasury 1.50% 2024 | 907 | 934 | |
U.S. Treasury 2.125% 2024 | 5,000 | 5,213 | |
U.S. Treasury 2.25% 2024 | 5,000 | 5,220 | |
U.S. Treasury 2.375% 2024 | 70,000 | 73,775 | |
U.S. Treasury 2.50% 2024 | 225,000 | 236,171 | |
U.S. Treasury 2.50% 2024 | 700 | 738 | |
U.S. Treasury 0.25% 2025 | 43,812 | 43,083 | |
U.S. Treasury 2.50% 2025 | 3,500 | 3,720 | |
U.S. Treasury 2.75% 2025 | 3,229 | 3,472 | |
U.S. Treasury 3.00% 2025 | 10,000 | 10,885 | |
U.S. Treasury 0.375% 2026 | 75,000 | 73,399 | |
U.S. Treasury 0.50% 2026 | 59,869 | 58,870 | |
U.S. Treasury 0.75% 2026 | 115,473 | 114,603 | |
U.S. Treasury 0.75% 2026 | 52 | 51 | |
U.S. Treasury 1.50% 2026 | 500 | 513 | |
U.S. Treasury 1.625% 2026 | 60,000 | 61,855 |
American Funds Insurance Series — Asset Allocation Fund — Page 89 of 242
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Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury (continued) | Principal amount (000) | Value (000) | |
U.S. Treasury 1.625% 2026 | $27,000 | $27,839 | |
U.S. Treasury 1.625% 2026 | 7,000 | 7,225 | |
U.S. Treasury 1.625% 2026 | 1,500 | 1,548 | |
U.S. Treasury 0.50% 2027 | 36,300 | 35,048 | |
U.S. Treasury 0.50% 2027 | 20,000 | 19,327 | |
U.S. Treasury 0.625% 2027 | 7,109 | 6,860 | |
U.S. Treasury 1.125% 2027 | 762 | 765 | |
U.S. Treasury 2.25% 2027 | 78,250 | 83,145 | |
U.S. Treasury 2.375% 2027 | 880 | 941 | |
U.S. Treasury 2.875% 2028 | 5,217 | 5,757 | |
U.S. Treasury 0.625% 2030 | 20,225 | 18,886 | |
U.S. Treasury 0.875% 2030 | 6,640 | 6,304 | |
U.S. Treasury 1.50% 2030 | 36,651 | 36,900 | |
U.S. Treasury 1.25% 2031 | 52,640 | 51,370 | |
U.S. Treasury 1.125% 2040 | 62,775 | 54,246 | |
U.S. Treasury 1.375% 20409 | 52,695 | 47,317 | |
U.S. Treasury 1.75% 2041 | 24,406 | 23,315 | |
U.S. Treasury 2.50% 2046 | 3,755 | 4,061 | |
U.S. Treasury 3.00% 2047 | 9,355 | 11,094 | |
U.S. Treasury 3.00% 2048 | 336 | 400 | |
U.S. Treasury 2.25% 2049 | 15,000 | 15,542 | |
U.S. Treasury 2.375% 20499 | 75,000 | 79,800 | |
U.S. Treasury 1.375% 20509 | 12,500 | 10,544 | |
U.S. Treasury 2.00% 2050 | 13,825 | 13,577 | |
U.S. Treasury 2.375% 20519 | 91,784 | 97,895 | |
1,761,904 | |||
U.S. Treasury inflation-protected securities 1.87% | |||
U.S. Treasury Inflation-Protected Security 0.125% 202410 | 90,431 | 96,717 | |
U.S. Treasury Inflation-Protected Security 0.625% 202410 | 91,704 | 97,847 | |
U.S. Treasury Inflation-Protected Security 0.125% 202510 | 24,305 | 26,063 | |
U.S. Treasury Inflation-Protected Security 0.125% 202610 | 46,473 | 50,321 | |
U.S. Treasury Inflation-Protected Security 0.75% 202810 | 19,030 | 21,771 | |
U.S. Treasury Inflation-Protected Security 0.875% 202910 | 21,453 | 24,794 | |
U.S. Treasury Inflation-Protected Security 0.125% 203010 | 24,622 | 27,058 | |
U.S. Treasury Inflation-Protected Security 0.125% 203110 | 61,106 | 67,296 | |
U.S. Treasury Inflation-Protected Security 0.125% 203110 | 24,799 | 27,219 | |
U.S. Treasury Inflation-Protected Security 1.00% 204910 | 107,476 | 143,974 | |
U.S. Treasury Inflation-Protected Security 0.25% 205010 | 4,429 | 4,987 | |
U.S. Treasury Inflation-Protected Security 0.125% 205110 | 6,291 | 6,890 | |
594,937 | |||
Total U.S. Treasury bonds & notes | 2,356,841 | ||
Corporate bonds, notes & loans 6.95% Financials 1.09% | |||
ACE INA Holdings, Inc. 2.875% 2022 | 3,880 | 3,970 | |
ACE INA Holdings, Inc. 3.35% 2026 | 880 | 960 | |
ACE INA Holdings, Inc. 4.35% 2045 | 400 | 504 | |
Advisor Group Holdings, LLC 6.25% 20287 | 3,130 | 3,287 | |
AG Merger Sub II, Inc. 10.75% 20277 | 2,920 | 3,231 | |
Ally Financial, Inc. 8.00% 2031 | 3,000 | 4,264 | |
American International Group, Inc. 2.50% 2025 | 15,800 | 16,551 | |
American International Group, Inc. 4.20% 2028 | 565 | 644 |
American Funds Insurance Series — Asset Allocation Fund — Page 90 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
Bangkok Bank PCL 3.733% 2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)11 | $2,428 | $2,479 | |
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023)11 | 6,000 | 6,256 | |
Bank of America Corp. 1.197% 2026 (USD-SOFR + 1.01% on 10/24/2025)11 | 2,500 | 2,482 | |
Bank of America Corp. 1.734% 2027 (USD-SOFR + 0.96% on 7/22/2026)11 | 1,565 | 1,573 | |
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027)11 | 2,345 | 2,543 | |
Bank of America Corp. 1.898% 2031 (USD-SOFR + 1.53% on 7/23/2030)11 | 4,000 | 3,860 | |
Bank of America Corp. 1.922% 2031 (USD-SOFR + 1.37% on 10/24/2030)11 | 3,700 | 3,562 | |
Bank of America Corp. 2.299% 2032 (USD-SOFR + 1.22% on 7/21/2031)11 | 7,500 | 7,398 | |
Bank of Nova Scotia 1.625% 2023 | 5,000 | 5,104 | |
BB&T Corp. 2.625% 2022 | 2,500 | 2,512 | |
Berkshire Hathaway Finance Corp. 4.20% 2048 | 6,570 | 7,974 | |
Berkshire Hathaway Finance Corp. 4.25% 2049 | 550 | 671 | |
Berkshire Hathaway, Inc. 2.75% 2023 | 1,615 | 1,666 | |
Berkshire Hathaway, Inc. 3.125% 2026 | 500 | 543 | |
BNP Paribas 3.375% 20257 | 3,225 | 3,440 | |
BNP Paribas 2.159% 2029 (USD-SOFR + 1.218% on 9/15/2028)7,11 | 2,400 | 2,379 | |
Citigroup, Inc. 2.976% 2030 (USD-SOFR + 1.422% on 11/5/2029)11 | 3,254 | 3,423 | |
CME Group, Inc. 3.75% 2028 | 3,425 | 3,869 | |
Coinbase Global, Inc. 3.375% 20287 | 1,900 | 1,828 | |
Coinbase Global, Inc. 3.625% 20317 | 1,900 | 1,809 | |
Commonwealth Bank of Australia 3.35% 2024 | 1,225 | 1,313 | |
Commonwealth Bank of Australia 3.35% 20247 | 1,000 | 1,072 | |
Commonwealth Bank of Australia 2.688% 20317 | 4,575 | 4,564 | |
Compass Diversified Holdings 5.25% 20297 | 640 | 670 | |
Crédit Agricole SA 4.375% 20257 | 850 | 928 | |
Credit Suisse Group AG 3.80% 2023 | 1,625 | 1,713 | |
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR + 1.41% on 1/12/2028)7,11 | 800 | 874 | |
Danske Bank AS 2.70% 20227 | 1,000 | 1,010 | |
FS Energy and Power Fund 7.50% 20237 | 2,995 | 3,111 | |
Goldman Sachs Group, Inc. 1.093% 2026 (USD-SOFR + 0.789% on 12/9/2025)11 | 3,425 | 3,376 | |
Goldman Sachs Group, Inc. 3.814% 2029 (3-month USD-LIBOR + 1.158% on 4/23/2028)11 | 390 | 432 | |
Goldman Sachs Group, Inc. 2.615% 2032 (USD-SOFR + 1.281% on 4/22/2031)11 | 4,036 | 4,087 | |
Goldman Sachs Group, Inc. 3.21% 2042 (USD-SOFR + 1.513% on 4/22/2041)11 | 2,000 | 2,069 | |
Groupe BPCE SA 2.75% 20237 | 600 | 619 | |
Groupe BPCE SA 5.70% 20237 | 2,250 | 2,468 | |
Groupe BPCE SA 5.15% 20247 | 3,710 | 4,101 | |
Groupe BPCE SA 1.00% 20267 | 3,000 | 2,953 | |
Groupe BPCE SA 2.277% 2032 (USD-SOFR + 1.312% on 1/20/2031)7,11 | 2,250 | 2,187 | |
HSBC Holdings PLC 3.262% 2023 (3-month USD-LIBOR + 1.055% on 3/13/2022)11 | 1,500 | 1,519 | |
HSBC Holdings PLC 4.25% 2024 | 3,000 | 3,224 | |
HSBC Holdings PLC 2.633% 2025 (3-month USD-LIBOR + 1.14% on 11/7/2024)11 | 625 | 652 | |
HSBC Holdings PLC 2.099% 2026 (USD-SOFR + 1.929% on 6/4/2025)11 | 6,000 | 6,134 | |
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028)11 | 3,750 | 4,260 | |
HSBC Holdings PLC 3.973% 2030 (3-month USD-LIBOR + 1.61% on 5/22/2029)11 | 1,500 | 1,656 | |
Icahn Enterprises Finance Corp. 5.25% 2027 | 1,185 | 1,231 | |
Icahn Enterprises Finance Corp. 4.375% 2029 | 2,200 | 2,200 | |
Intercontinental Exchange, Inc. 2.65% 2040 | 7,425 | 7,128 | |
Intesa Sanpaolo SpA 3.375% 20237 | 750 | 776 | |
Intesa Sanpaolo SpA 3.25% 20247 | 750 | 792 | |
Intesa Sanpaolo SpA 5.017% 20247 | 1,730 | 1,868 | |
Intesa Sanpaolo SpA 3.875% 20277 | 300 | 325 | |
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR + 0.73% on 4/23/2023)11 | 4,725 | 4,948 | |
JPMorgan Chase & Co. 2.58% 2032 (USD-SOFR + 1.25% on 4/22/2031)11 | 3,101 | 3,146 |
American Funds Insurance Series — Asset Allocation Fund — Page 91 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
JPMorgan Chase & Co. 3.157% 2042 (USD-SOFR + 1.46% on 4/22/2041)11 | $5,325 | $5,534 | |
Kasikornbank PC HK 3.343% 2031 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.70% on 10/2/2026)11 | 1,222 | 1,232 | |
Ladder Capital Corp. 4.25% 20277 | 3,757 | 3,724 | |
Lloyds Banking Group PLC 2.907% 2023 (3-month USD-LIBOR + 0.81% on 11/7/2022)11 | 750 | 770 | |
Lloyds Banking Group PLC 4.05% 2023 | 2,000 | 2,130 | |
Lloyds Banking Group PLC 1.627% 2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 5/11/2026)11 | 800 | 800 | |
Lloyds Banking Group PLC 4.375% 2028 | 2,150 | 2,447 | |
LPL Holdings, Inc. 4.625% 20277 | 2,200 | 2,285 | |
LPL Holdings, Inc. 4.375% 20317 | 1,805 | 1,887 | |
Marsh & McLennan Companies, Inc. 3.875% 2024 | 820 | 882 | |
Marsh & McLennan Companies, Inc. 4.375% 2029 | 1,705 | 1,981 | |
Marsh & McLennan Companies, Inc. 4.90% 2049 | 1,539 | 2,075 | |
MGIC Investment Corp. 5.25% 2028 | 1,175 | 1,255 | |
Mitsubishi UFJ Financial Group, Inc. 2.801% 2024 | 1,610 | 1,698 | |
Morgan Stanley 3.737% 2024 (3-month USD-LIBOR + 0.847% on 4/24/2023)11 | 300 | 315 | |
Morgan Stanley 0.985% 2026 (USD-SOFR + 0.72% on 12/10/2025)11 | 3,766 | 3,701 | |
Morgan Stanley 3.125% 2026 | 325 | 350 | |
Morgan Stanley 1.593% 2027 (USD-SOFR + 0.879% on 5/4/2026)11 | 3,290 | 3,302 | |
Morgan Stanley 2.699% 2031 (USD-SOFR + 1.143% on 1/22/2030)11 | 2,000 | 2,063 | |
Morgan Stanley 3.217% 2042 (USD-SOFR + 1.485% on 4/22/2041)11 | 856 | 896 | |
MSCI, Inc. 3.625% 20317 | 2,225 | 2,318 | |
MSCI, Inc. 3.25% 20337 | 1,350 | 1,367 | |
Navient Corp. 5.50% 2023 | 10,165 | 10,635 | |
Navient Corp. 7.25% 2023 | 725 | 792 | |
Navient Corp. 5.875% 2024 | 1,005 | 1,074 | |
Navient Corp. 6.125% 2024 | 8,030 | 8,608 | |
New York Life Global Funding 2.35% 20267 | 590 | 616 | |
Owl Rock Capital Corp. 4.625% 20247 | 2,305 | 2,470 | |
Owl Rock Capital Corp. 3.75% 2025 | 2,874 | 3,024 | |
Owl Rock Capital Corp. 4.00% 2025 | 102 | 108 | |
Owl Rock Capital Corp. 3.375% 2026 | 1,290 | 1,344 | |
PNC Bank 2.55% 2021 | 4,000 | 4,010 | |
PNC Financial Services Group, Inc. 2.854% 202211 | 1,445 | 1,486 | |
PNC Financial Services Group, Inc. 3.90% 2024 | 2,000 | 2,159 | |
Power Financial Corp., Ltd. 5.25% 2028 | 383 | 427 | |
Power Financial Corp., Ltd. 6.15% 2028 | 350 | 412 | |
Power Financial Corp., Ltd. 4.50% 2029 | 554 | 588 | |
Power Financial Corp., Ltd. 3.95% 2030 | 1,213 | 1,242 | |
Prudential Financial, Inc. 4.35% 2050 | 7,000 | 8,782 | |
Quicken Loans, LLC 3.625% 20297 | 1,505 | 1,524 | |
Rabobank Nederland 2.75% 2022 | 2,250 | 2,266 | |
Rabobank Nederland 4.375% 2025 | 4,500 | 4,991 | |
Rocket Mortgage / Rocket Mortgage Co-Issuer, Inc. 2.875% 20267 | 2,110 | 2,065 | |
Royal Bank of Canada 1.15% 2025 | 4,711 | 4,722 | |
Skandinaviska Enskilda Banken AB 2.80% 2022 | 700 | 708 | |
Springleaf Finance Corp. 6.125% 2024 | 4,550 | 4,867 | |
Starwood Property Trust, Inc. 5.00% 2021 | 632 | 634 | |
Starwood Property Trust, Inc. 5.50% 20237 | 1,160 | 1,218 | |
Swiss Re Finance (Luxembourg) SA 5.00% 2049 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.582% on 4/2/2029)7,11 | 2,800 | 3,220 | |
Toronto-Dominion Bank 2.65% 2024 | 625 | 658 | |
Toronto-Dominion Bank 0.75% 2025 | 5,375 | 5,308 |
American Funds Insurance Series — Asset Allocation Fund — Page 92 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
Toronto-Dominion Bank 1.25% 2026 | $6,550 | $6,506 | |
Travelers Companies, Inc. 4.00% 2047 | 860 | 1,033 | |
Travelport Finance Luxembourg SARL, Term Loan, (3-month USD-LIBOR + 1.50%) 7.25% PIK and 2.50% Cash 202512,13,14 | 27 | 28 | |
U.S. Bancorp 2.625% 2022 | 1,805 | 1,815 | |
U.S. Bancorp 2.375% 2026 | 4,000 | 4,227 | |
UBS Group AG 4.125% 20257 | 2,750 | 3,040 | |
UniCredit SpA 3.75% 20227 | 5,725 | 5,820 | |
UniCredit SpA 6.572% 20227 | 475 | 483 | |
UniCredit SpA 4.625% 20277 | 625 | 701 | |
Wells Fargo & Company 2.164% 2026 (3-month USD-LIBOR + 0.75% on 2/11/2025)11 | 8,000 | 8,255 | |
Wells Fargo & Company 2.879% 2030 (3-month USD-LIBOR + 1.17% on 10/30/2029)11 | 729 | 762 | |
Westpac Banking Corp. 2.75% 2023 | 1,750 | 1,805 | |
Westpac Banking Corp. 2.894% 2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.35% on 2/4/2025)11 | 8,500 | 8,804 | |
Westpac Banking Corp. 2.668% 2035 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 11/15/2030)11 | 3,325 | 3,258 | |
Westpac Banking Corp. 2.963% 2040 | 1,500 | 1,487 | |
347,182 | |||
Energy 0.97% | |||
Antero Midstream Partners LP 5.375% 20297 | 1,295 | 1,335 | |
Antero Resources Corp. 7.625% 20297 | 430 | 481 | |
Ascent Resources - Utica LLC 5.875% 20297 | 1,040 | 1,064 | |
BP Capital Markets America, Inc. 2.772% 2050 | 3,025 | 2,795 | |
Canadian Natural Resources, Ltd. 2.95% 2023 | 1,935 | 1,991 | |
Canadian Natural Resources, Ltd. 2.05% 2025 | 961 | 984 | |
Canadian Natural Resources, Ltd. 2.95% 2030 | 3,142 | 3,257 | |
Canadian Natural Resources, Ltd. 4.95% 2047 | 1,559 | 1,937 | |
Cenovus Energy, Inc. 4.25% 2027 | 5,690 | 6,328 | |
Cheniere Energy Partners LP 4.50% 2029 | 1,085 | 1,155 | |
Cheniere Energy Partners LP 4.00% 20317 | 4,485 | 4,702 | |
Cheniere Energy Partners LP 3.25% 20327 | 998 | 1,003 | |
Cheniere Energy, Inc. 4.625% 2028 | 5,645 | 5,955 | |
Chesapeake Energy Corp. 4.875% 202215 | 7,225 | 217 | |
Chesapeake Energy Corp. 5.50% 20267 | 685 | 717 | |
Chesapeake Energy Corp. 5.875% 20297 | 590 | 631 | |
Chevron Corp. 1.995% 2027 | 2,631 | 2,715 | |
Chevron USA, Inc. 1.018% 2027 | 2,850 | 2,788 | |
CNX Midstream Partners LP 4.75% 20307 | 580 | 590 | |
CNX Resources Corp. 7.25% 20277 | 1,725 | 1,839 | |
CNX Resources Corp. 6.00% 20297 | 425 | 450 | |
Comstock Resources, Inc. 5.875% 20307 | 450 | 469 | |
ConocoPhillips 4.30% 20287 | 5,355 | 6,170 | |
Constellation Oil Services Holding SA 10.00% PIK 20247,13,15 | 1,084 | 336 | |
Continental Resources, Inc. 5.75% 20317 | 1,430 | 1,730 | |
Diamond Foreign Asset Co. / Diamond Finance LLC 13.00% PIK or 9.00% Cash or (5.50% PIK and 5.50% Cash) 20277,13,14 | 204 | 206 | |
Diamond Foreign Asset Co. / Diamond Finance LLC 13.00% PIK or 9.00% Cash or (5.50% PIK and 5.50% Cash) 202713,14 | 185 | 187 | |
Diamondback Energy, Inc. 4.40% 2051 | 5,023 | 5,707 | |
DT Midstream, Inc. 4.375% 20317 | 1,680 | 1,733 | |
Enbridge Energy Partners LP 5.875% 2025 | 3,200 | 3,734 | |
Enbridge Energy Partners LP, Series B, 7.50% 2038 | 2,000 | 2,981 |
American Funds Insurance Series — Asset Allocation Fund — Page 93 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Enbridge, Inc. 4.00% 2023 | $1,678 | $1,778 | |
Enbridge, Inc. 2.50% 2025 | 1,700 | 1,772 | |
Enbridge, Inc. 3.70% 2027 | 162 | 178 | |
Energy Transfer Operating LP 5.00% 2050 | 17,377 | 20,084 | |
Energy Transfer Partners LP 4.50% 2024 | 1,210 | 1,309 | |
Energy Transfer Partners LP 4.75% 2026 | 2,494 | 2,789 | |
Energy Transfer Partners LP 5.25% 2029 | 757 | 888 | |
Energy Transfer Partners LP 6.00% 2048 | 774 | 984 | |
Energy Transfer Partners LP 6.25% 2049 | 757 | 996 | |
Enterprise Products Operating LLC 4.90% 2046 | 500 | 615 | |
EQM Midstream Partners LP 4.125% 2026 | 686 | 706 | |
EQM Midstream Partners LP 6.50% 20277 | 2,690 | 3,029 | |
EQM Midstream Partners LP 5.50% 2028 | 2,588 | 2,846 | |
EQM Midstream Partners LP 4.75% 20317 | 1,635 | 1,702 | |
EQT Corp. 6.625% 202511 | 1,295 | 1,484 | |
EQT Corp. 3.90% 2027 | 450 | 488 | |
EQT Corp. 5.00% 2029 | 340 | 383 | |
EQT Corp. 7.50% 203011 | 1,110 | 1,430 | |
EQT Corp. 3.625% 20317 | 400 | 417 | |
Equinor ASA 3.00% 2027 | 4,000 | 4,311 | |
Equinor ASA 3.625% 2028 | 3,685 | 4,111 | |
Exxon Mobil Corp. 2.019% 2024 | 643 | 669 | |
Exxon Mobil Corp. 2.44% 2029 | 1,963 | 2,048 | |
Genesis Energy, LP 5.625% 2024 | 575 | 574 | |
Genesis Energy, LP 6.50% 2025 | 3,572 | 3,559 | |
Genesis Energy, LP 8.00% 2027 | 595 | 603 | |
Halliburton Company 3.80% 2025 | 16 | 18 | |
Harvest Midstream I, LP 7.50% 20287 | 850 | 907 | |
Hess Midstream Operations LP 4.25% 20307 | 960 | 972 | |
Hess Midstream Partners LP 5.125% 20287 | 2,155 | 2,254 | |
Hilcorp Energy I, LP 5.75% 20257 | 2,575 | 2,609 | |
Hilcorp Energy I, LP 6.00% 20317 | 460 | 473 | |
Kinder Morgan, Inc. 3.60% 2051 | 5,000 | 5,064 | |
Marathon Oil Corp. 4.40% 2027 | 1,005 | 1,130 | |
MPLX LP 4.125% 2027 | 500 | 559 | |
MPLX LP 2.65% 2030 | 4,273 | 4,291 | |
MPLX LP 4.50% 2038 | 750 | 838 | |
MPLX LP 4.70% 2048 | 2,500 | 2,892 | |
MPLX LP 5.50% 2049 | 4,491 | 5,703 | |
NGL Energy Operating LLC 7.50% 20267 | 5,990 | 6,111 | |
NGL Energy Partners LP 6.125% 2025 | 4,907 | 4,338 | |
Oasis Midstream Partners LP / OMP Finance Corp. 8.00% 20297 | 4,265 | 4,442 | |
Oasis Petroleum, Inc. 6.375% 20267 | 765 | 803 | |
ONEOK, Inc. 5.85% 2026 | 7,997 | 9,389 | |
ONEOK, Inc. 5.20% 2048 | 2,500 | 3,032 | |
Petróleos Mexicanos 6.875% 20257 | 3,755 | 4,116 | |
Petróleos Mexicanos 5.35% 2028 | 1,870 | 1,846 | |
Phillips 66 2.15% 2030 | 1,181 | 1,153 | |
Phillips 66 Partners LP 3.55% 2026 | 160 | 173 | |
Phillips 66 Partners LP 4.68% 2045 | 400 | 461 | |
Phillips 66 Partners LP 4.90% 2046 | 275 | 327 | |
Pioneer Natural Resources Company 1.125% 2026 | 1,053 | 1,040 | |
Pioneer Natural Resources Company 2.15% 2031 | 2,862 | 2,785 | |
Plains All American Pipeline LP 3.80% 2030 | 113 | 121 |
American Funds Insurance Series — Asset Allocation Fund — Page 94 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Range Resources Corp. 4.875% 2025 | $565 | $597 | |
Range Resources Corp. 8.25% 20297 | 520 | 586 | |
Rockcliff Energy II LLC 5.50% 20297 | 310 | 315 | |
Rockies Express Pipeline LLC 4.95% 20297 | 2,689 | 2,800 | |
SA Global Sukuk, Ltd. 1.602% 20267 | 13,915 | 13,845 | |
SA Global Sukuk, Ltd. 2.694% 20317 | 4,825 | 4,875 | |
Sabine Pass Liquefaction, LLC 5.875% 2026 | 610 | 718 | |
Sabine Pass Liquefaction, LLC 4.20% 2028 | 870 | 972 | |
Sabine Pass Liquefaction, LLC 4.50% 2030 | 7,339 | 8,464 | |
Schlumberger BV 3.75% 20247 | 495 | 529 | |
Schlumberger BV 4.00% 20257 | 70 | 77 | |
Southwestern Energy Co. 6.45% 202511 | 1,760 | 1,940 | |
Southwestern Energy Co. 7.75% 2027 | 450 | 487 | |
Southwestern Energy Co. 8.375% 2028 | 395 | 448 | |
Southwestern Energy Co. 5.375% 20297 | 1,355 | 1,451 | |
Southwestern Energy Co. 5.375% 2030 | 1,945 | 2,102 | |
Statoil ASA 2.75% 2021 | 1,925 | 1,930 | |
Statoil ASA 3.25% 2024 | 2,850 | 3,064 | |
Statoil ASA 4.25% 2041 | 2,000 | 2,420 | |
Suncor Energy, Inc. 3.10% 2025 | 3,687 | 3,928 | |
Suncor Energy, Inc. 3.75% 2051 | 184 | 198 | |
Sunoco Logistics Operating Partners LP 5.40% 2047 | 650 | 776 | |
Sunoco LP 4.50% 2029 | 1,050 | 1,066 | |
Targa Resources Partners LP 5.875% 2026 | 1,350 | 1,412 | |
Targa Resources Partners LP 5.50% 2030 | 2,260 | 2,474 | |
Targa Resources Partners LP 4.875% 2031 | 1,665 | 1,798 | |
Targa Resources Partners LP 4.00% 20327 | 1,750 | 1,811 | |
Teekay Corp. 9.25% 20227 | 4,825 | 4,976 | |
Teekay Offshore Partners LP 8.50% 20232,4,7 | 3,550 | 3,231 | |
Total SE 2.986% 2041 | 4,544 | 4,626 | |
TransCanada PipeLines, Ltd. 4.25% 2028 | 1,090 | 1,242 | |
TransCanada PipeLines, Ltd. 4.10% 2030 | 4,298 | 4,878 | |
TransCanada PipeLines, Ltd. 4.75% 2038 | 3,000 | 3,581 | |
TransCanada PipeLines, Ltd. 4.875% 2048 | 700 | 885 | |
Valero Energy Corp. 4.00% 2029 | 4,000 | 4,400 | |
Venture Global Calcasieu Pass, LLC 4.125% 20317 | 840 | 877 | |
Weatherford International, Ltd. 11.00% 20247 | 9,918 | 10,460 | |
Weatherford International, Ltd. 6.50% 20287 | 980 | 1,011 | |
Western Gas Partners LP 4.50% 2028 | 4,468 | 4,801 | |
Western Midstream Operating, LP 5.30% 203011 | 1,925 | 2,130 | |
Williams Companies, Inc. 3.50% 2030 | 6,730 | 7,317 | |
Williams Partners LP 4.30% 2024 | 85 | 91 | |
309,376 | |||
Health care 0.74% | |||
Abbott Laboratories 3.75% 2026 | 1,811 | 2,033 | |
AbbVie, Inc. 2.60% 2024 | 3,000 | 3,155 | |
AbbVie, Inc. 3.80% 2025 | 206 | 224 | |
AbbVie, Inc. 2.95% 2026 | 1,445 | 1,549 | |
AdaptHealth, LLC 5.125% 20307 | 830 | 832 | |
AmerisourceBergen Corp. 0.737% 2023 | 2,918 | 2,923 | |
Amgen, Inc. 2.20% 2027 | 2,429 | 2,515 | |
Anthem, Inc. 2.375% 2025 | 818 | 853 | |
AstraZeneca Finance LLC 1.20% 2026 | 3,786 | 3,789 |
American Funds Insurance Series — Asset Allocation Fund — Page 95 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
AstraZeneca Finance LLC 1.75% 2028 | $1,871 | $1,883 | |
AstraZeneca Finance LLC 2.25% 2031 | 146 | 148 | |
AstraZeneca PLC 3.375% 2025 | 8,140 | 8,886 | |
AstraZeneca PLC 3.00% 2051 | 573 | 592 | |
Bausch Health Companies, Inc. 4.875% 20287 | 2,125 | 2,205 | |
Bausch Health Companies, Inc. 5.00% 20287 | 1,735 | 1,649 | |
Bausch Health Companies, Inc. 5.25% 20317 | 1,610 | 1,483 | |
Bayer US Finance II LLC 3.875% 20237 | 1,685 | 1,793 | |
Becton, Dickinson and Company 3.363% 2024 | 198 | 211 | |
Becton, Dickinson and Company 3.70% 2027 | 1,628 | 1,804 | |
Boston Scientific Corp. 3.45% 2024 | 715 | 759 | |
Boston Scientific Corp. 1.90% 2025 | 5,856 | 6,010 | |
Boston Scientific Corp. 3.85% 2025 | 1,780 | 1,948 | |
Boston Scientific Corp. 3.75% 2026 | 645 | 710 | |
Boston Scientific Corp. 4.00% 2029 | 1,550 | 1,758 | |
Centene Corp. 4.25% 2027 | 565 | 592 | |
Centene Corp. 2.45% 2028 | 2,325 | 2,339 | |
Centene Corp. 4.625% 2029 | 4,785 | 5,221 | |
Centene Corp. 3.00% 2030 | 5,865 | 6,019 | |
Cigna Corp. 3.75% 2023 | 353 | 373 | |
Cigna Corp. 4.80% 2038 | 3,880 | 4,752 | |
CVS Health Corp. 4.30% 2028 | 588 | 671 | |
DaVita, Inc. 4.625% 20307 | 1,025 | 1,056 | |
Eli Lilly and Company 3.375% 2029 | 1,353 | 1,501 | |
Endo DAC / Endo Finance LLC / Endo Finco 9.50% 20277 | 2,817 | 2,827 | |
Endo International PLC 5.75% 20227 | 6,945 | 6,424 | |
Endo Luxembourg Finance Co. I SARL / Endo U.S., Inc. 6.125% 20297 | 1,560 | 1,562 | |
GlaxoSmithKline PLC 3.625% 2025 | 3,585 | 3,916 | |
HCA, Inc. 5.375% 2025 | 515 | 576 | |
HCA, Inc. 3.50% 2030 | 4,050 | 4,295 | |
Jazz Securities DAC 4.375% 20297 | 1,975 | 2,049 | |
Medtronic, Inc. 3.50% 2025 | 467 | 507 | |
Molina Healthcare, Inc. 3.875% 20307 | 2,899 | 3,033 | |
Novant Health, Inc. 3.168% 2051 | 3,750 | 3,956 | |
Novartis Capital Corp. 1.75% 2025 | 1,250 | 1,285 | |
Novartis Capital Corp. 2.00% 2027 | 2,386 | 2,467 | |
Owens & Minor, Inc. 4.375% 2024 | 5,615 | 5,969 | |
Owens & Minor, Inc. 4.50% 20297 | 3,685 | 3,726 | |
Par Pharmaceutical, Inc. 7.50% 20277 | 8,028 | 8,189 | |
Pfizer, Inc. 2.95% 2024 | 825 | 873 | |
Pfizer, Inc. 3.45% 2029 | 8,000 | 8,909 | |
Rotech Healthcare, Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.00% PIK 20232,4,12,13,14 | 4,499 | 4,499 | |
Shire PLC 2.875% 2023 | 3,413 | 3,559 | |
Summa Health 3.511% 2051 | 1,655 | 1,742 | |
Tenet Healthcare Corp. 4.625% 2024 | 804 | 817 | |
Tenet Healthcare Corp. 4.875% 20267 | 16,225 | 16,812 | |
Tenet Healthcare Corp. 4.25% 20297 | 2,060 | 2,093 | |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 3,914 | 3,896 | |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 12,016 | 12,662 | |
Teva Pharmaceutical Finance Co. BV 7.125% 2025 | 1,935 | 2,119 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 17,790 | 17,056 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 4,420 | 3,818 | |
Thermo Fisher Scientific, Inc. 1.75% 2028 | 2,252 | 2,246 |
American Funds Insurance Series — Asset Allocation Fund — Page 96 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
Thermo Fisher Scientific, Inc. 2.00% 2031 | $5,159 | $5,051 | |
UnitedHealth Group, Inc. 1.15% 2026 | 2,610 | 2,613 | |
UnitedHealth Group, Inc. 2.30% 2031 | 2,286 | 2,334 | |
UnitedHealth Group, Inc. 3.05% 2041 | 3,875 | 4,009 | |
UnitedHealth Group, Inc. 3.25% 2051 | 2,504 | 2,653 | |
Valeant Pharmaceuticals International, Inc. 6.125% 20257 | 8,602 | 8,790 | |
Zimmer Holdings, Inc. 3.15% 2022 | 4,070 | 4,108 | |
233,676 | |||
Industrials 0.67% | |||
ADT Security Corp. 4.125% 20297 | 1,630 | 1,622 | |
Allison Transmission Holdings, Inc. 3.75% 20317 | 4,465 | 4,348 | |
Associated Materials, LLC 9.00% 20257 | 3,749 | 3,970 | |
Avis Budget Car Rental, LLC 5.75% 20277 | 2,025 | 2,114 | |
Avis Budget Group, Inc. 5.375% 20297 | 2,450 | 2,593 | |
Avolon Holdings Funding, Ltd. 3.625% 20227 | 1,254 | 1,273 | |
Avolon Holdings Funding, Ltd. 3.95% 20247 | 1,587 | 1,686 | |
Avolon Holdings Funding, Ltd. 4.25% 20267 | 1,126 | 1,212 | |
Avolon Holdings Funding, Ltd. 4.375% 20267 | 1,975 | 2,133 | |
Boeing Company 4.875% 2025 | 1,555 | 1,731 | |
Boeing Company 2.75% 2026 | 13,000 | 13,547 | |
Boeing Company 3.10% 2026 | 251 | 265 | |
Boeing Company 3.25% 2028 | 7,700 | 8,139 | |
Boeing Company 5.15% 2030 | 1,100 | 1,292 | |
Boeing Company 3.625% 2031 | 3,450 | 3,696 | |
Boeing Company 3.60% 2034 | 6,250 | 6,537 | |
Boeing Company 3.50% 2039 | 250 | 251 | |
Boeing Company 3.75% 2050 | 1,300 | 1,315 | |
Boeing Company 5.805% 2050 | 8,600 | 11,484 | |
Bombardier, Inc. 7.50% 20247 | 1,950 | 2,030 | |
Bombardier, Inc. 7.125% 20267 | 1,500 | 1,577 | |
Bombardier, Inc. 7.875% 20277 | 2,720 | 2,823 | |
Bombardier, Inc. 6.00% 20287 | 1,010 | 1,023 | |
Burlington Northern Santa Fe LLC 4.40% 2042 | 5,000 | 6,106 | |
BWX Technologies, Inc. 4.125% 20297 | 1,025 | 1,051 | |
Canadian National Railway Company 3.20% 2046 | 930 | 979 | |
Clarivate Science Holdings Corp. 3.875% 20287 | 590 | 591 | |
Clarivate Science Holdings Corp. 4.875% 20297 | 520 | 522 | |
CoreLogic, Inc. 4.50% 20287 | 4,125 | 4,104 | |
CSX Corp. 3.80% 2028 | 3,135 | 3,507 | |
CSX Corp. 4.25% 2029 | 1,062 | 1,222 | |
CSX Corp. 4.30% 2048 | 1,125 | 1,366 | |
CSX Corp. 2.50% 2051 | 4,125 | 3,755 | |
General Electric Capital Corp. 4.418% 2035 | 1,200 | 1,441 | |
General Electric Co. 3.45% 2027 | 1,800 | 1,975 | |
Honeywell International, Inc. 2.30% 2024 | 2,640 | 2,767 | |
Honeywell International, Inc. 1.35% 2025 | 5,947 | 6,047 | |
Honeywell International, Inc. 2.70% 2029 | 1,470 | 1,562 | |
Icahn Enterprises Finance Corp. 4.75% 2024 | 3,590 | 3,738 | |
L3Harris Technologies, Inc. 1.80% 2031 | 2,625 | 2,535 | |
LSC Communications, Inc. 8.75% 20232,4,7,15 | 4,063 | 94 | |
Masco Corp. 1.50% 2028 | 774 | 754 | |
Masco Corp. 2.00% 2031 | 497 | 481 | |
Masco Corp. 3.125% 2051 | 230 | 226 |
American Funds Insurance Series — Asset Allocation Fund — Page 97 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) | |
MasTec, Inc. 4.50% 20287 | $1,425 | $1,489 | |
Meritor, Inc. 4.50% 20287 | 1,025 | 1,029 | |
Norfolk Southern Corp. 3.05% 2050 | 2,746 | 2,743 | |
Northrop Grumman Corp. 2.93% 2025 | 1,820 | 1,929 | |
Northrop Grumman Corp. 3.25% 2028 | 3,495 | 3,784 | |
Otis Worldwide Corp. 2.293% 2027 | 2,135 | 2,220 | |
PGT Innovations, Inc. 4.375% 20297 | 370 | 373 | |
Raytheon Technologies Corp. 1.90% 2031 | 4,615 | 4,481 | |
Raytheon Technologies Corp. 2.82% 2051 | 5,000 | 4,748 | |
Roller Bearing Company of America, Inc. 4.375% 20297 | 195 | 200 | |
Rolls-Royce PLC 5.75% 20277 | 765 | 846 | |
Siemens AG 1.20% 20267 | 3,887 | 3,875 | |
Siemens AG 1.70% 20287 | 3,700 | 3,689 | |
SkyMiles IP, Ltd. 4.75% 20287 | 3,975 | 4,434 | |
The Brink’s Co. 4.625% 20277 | 2,385 | 2,481 | |
TransDigm, Inc. 6.25% 20267 | 4,976 | 5,194 | |
TransDigm, Inc. 5.50% 2027 | 1,100 | 1,132 | |
Triumph Group, Inc. 6.25% 20247 | 970 | 971 | |
Triumph Group, Inc. 8.875% 20247 | 1,045 | 1,151 | |
Triumph Group, Inc. 7.75% 20257 | 875 | 867 | |
Union Pacific Corp. 3.15% 2024 | 1,287 | 1,364 | |
Union Pacific Corp. 3.75% 2025 | 4,255 | 4,664 | |
Union Pacific Corp. 2.15% 2027 | 2,318 | 2,407 | |
Union Pacific Corp. 2.40% 2030 | 2,414 | 2,481 | |
Union Pacific Corp. 2.375% 2031 | 1,304 | 1,337 | |
Union Pacific Corp. 2.891% 20367 | 6,375 | 6,624 | |
Union Pacific Corp. 2.95% 2052 | 8,169 | 8,130 | |
Union Pacific Corp. 3.75% 2070 | 546 | 615 | |
Union Pacific Corp. 3.799% 20717 | 545 | 614 | |
United Airlines Holdings, Inc. 6.50% 20277 | 2,200 | 2,395 | |
United Airlines, Inc. 4.625% 20297 | 2,225 | 2,302 | |
United Rentals, Inc. 3.875% 2031 | 2,050 | 2,104 | |
United Technologies Corp. 3.65% 2023 | 52 | 55 | |
United Technologies Corp. 3.95% 2025 | 3,155 | 3,476 | |
United Technologies Corp. 4.125% 2028 | 1,075 | 1,224 | |
Vertical U.S. Newco, Inc. 5.25% 20277 | 2,000 | 2,098 | |
Vinci SA 3.75% 20297 | 1,167 | 1,304 | |
WESCO Distribution, Inc. 7.125% 20257 | 1,210 | 1,293 | |
213,607 | |||
Consumer discretionary 0.65% | |||
Allied Universal Holdco LLC 4.625% 20287 | 1,660 | 1,659 | |
Amazon.com, Inc. 2.70% 2060 | 2,765 | 2,601 | |
American Honda Finance Corp. 3.50% 2028 | 750 | 829 | |
Atlas LuxCo 4 SARL 4.625% 20287 | 1,065 | 1,063 | |
Bayerische Motoren Werke AG 2.25% 20237 | 300 | 310 | |
Bayerische Motoren Werke AG 3.45% 20237 | 1,870 | 1,953 | |
Bayerische Motoren Werke AG 0.80% 20247 | 1,532 | 1,539 | |
Caesars Entertainment, Inc. 6.25% 20257 | 3,315 | 3,494 | |
Carnival Corp. 11.50% 20237 | 933 | 1,043 | |
Carnival Corp. 4.00% 20287 | 3,875 | 3,919 | |
Carvana Co. 5.625% 20257 | 600 | 621 | |
Carvana Co. 5.50% 20277 | 2,496 | 2,551 | |
Carvana Co. 5.875% 20287 | 1,974 | 2,041 |
American Funds Insurance Series — Asset Allocation Fund — Page 98 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Carvana Co. 4.875% 20297 | $2,150 | $2,132 | |
First Student Bidco, Inc. / First Transit Parent, Inc. 4.00% 20297 | 1,300 | 1,284 | |
Ford Motor Credit Company LLC 3.664% 2024 | 455 | 470 | |
Ford Motor Credit Company LLC 5.584% 2024 | 423 | 455 | |
Ford Motor Credit Company LLC 3.375% 2025 | 4,475 | 4,604 | |
Ford Motor Credit Company LLC 5.125% 2025 | 12,355 | 13,436 | |
Ford Motor Credit Company LLC 2.70% 2026 | 2,110 | 2,117 | |
Ford Motor Credit Company LLC 4.542% 2026 | 2,455 | 2,650 | |
Ford Motor Credit Company LLC 3.815% 2027 | 250 | 260 | |
General Motors Financial Co. 3.45% 2022 | 2,000 | 2,012 | |
General Motors Financial Co. 3.50% 2024 | 4,145 | 4,438 | |
General Motors Financial Co. 4.30% 2025 | 400 | 439 | |
General Motors Financial Co. 2.70% 2027 | 467 | 485 | |
Hanesbrands, Inc. 4.625% 20247 | 860 | 908 | |
Hanesbrands, Inc. 5.375% 20257 | 706 | 740 | |
Hanesbrands, Inc. 4.875% 20267 | 2,700 | 2,928 | |
Hilton Grand Vacations Borrower 5.00% 20297 | 4,080 | 4,167 | |
Hilton Worldwide Holdings, Inc. 4.00% 20317 | 1,885 | 1,916 | |
Home Depot, Inc. 1.50% 2028 | 7,500 | 7,422 | |
Home Depot, Inc. 3.90% 2028 | 825 | 945 | |
Home Depot, Inc. 2.95% 2029 | 9,301 | 10,044 | |
Home Depot, Inc. 1.375% 2031 | 2,556 | 2,426 | |
Home Depot, Inc. 1.875% 2031 | 7,500 | 7,367 | |
Home Depot, Inc. 4.25% 2046 | 3,500 | 4,293 | |
Home Depot, Inc. 4.50% 2048 | 428 | 550 | |
Home Depot, Inc. 2.375% 2051 | 1,000 | 905 | |
Hyundai Capital America 3.25% 20227 | 480 | 492 | |
Hyundai Capital America 1.00% 20247 | 6,025 | 6,006 | |
Hyundai Capital America 1.50% 20267 | 850 | 841 | |
Hyundai Capital America 1.65% 20267 | 6,075 | 6,023 | |
Hyundai Capital America 2.375% 20277 | 2,579 | 2,616 | |
Hyundai Capital America 2.10% 20287 | 3,075 | 3,033 | |
International Game Technology PLC 6.50% 20257 | 4,555 | 5,089 | |
International Game Technology PLC 5.25% 20297 | 4,365 | 4,671 | |
Lithia Motors, Inc. 3.875% 20297 | 675 | 701 | |
Lithia Motors, Inc. 4.375% 20317 | 1,025 | 1,095 | |
Lowe’s Companies, Inc. 1.70% 2030 | 966 | 924 | |
Marriott International, Inc. 2.75% 2033 | 2,500 | 2,446 | |
Melco International Development, Ltd. 5.75% 20287 | 1,485 | 1,521 | |
MGM Growth Properties LLC 5.625% 2024 | 775 | 844 | |
MGM Growth Properties LLC 4.625% 20257 | 1,050 | 1,133 | |
MGM Growth Properties LLC 3.875% 20297 | 2,225 | 2,372 | |
MGM Resorts International 4.50% 2026 | 600 | 653 | |
Mohegan Gaming & Entertainment 8.00% 20267 | 1,520 | 1,586 | |
Neiman Marcus Group, LLC 7.125% 20267 | 1,345 | 1,429 | |
Premier Entertainment Sub LLC 5.625% 20297 | 1,690 | 1,709 | |
Premier Entertainment Sub LLC 5.875% 20317 | 1,690 | 1,710 | |
Royal Caribbean Cruises, Ltd. 11.50% 20257 | 2,023 | 2,311 | |
Royal Caribbean Cruises, Ltd. 4.25% 20267 | 2,120 | 2,079 | |
Sally Holdings LLC and Sally Capital, Inc. 5.625% 2025 | 2,705 | 2,775 | |
Sally Holdings LLC and Sally Capital, Inc. 8.75% 20257 | 2,347 | 2,532 | |
Sands China, Ltd. 2.30% 20277 | 675 | 654 | |
Scientific Games Corp. 8.25% 20267 | 6,905 | 7,336 | |
Scientific Games Corp. 7.00% 20287 | 950 | 1,026 |
American Funds Insurance Series — Asset Allocation Fund — Page 99 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Scientific Games Corp. 7.25% 20297 | $1,615 | $1,817 | |
Stellantis Finance US, Inc. 1.711% 20277 | 2,200 | 2,194 | |
Stellantis Finance US, Inc. 2.691% 20317 | 2,150 | 2,130 | |
Tempur Sealy International, Inc. 4.00% 20297 | 1,070 | 1,103 | |
Tempur Sealy International, Inc. 3.875% 20317 | 1,205 | 1,208 | |
The Gap, Inc. 3.625% 20297 | 486 | 488 | |
The Gap, Inc. 3.875% 20317 | 323 | 323 | |
Toyota Motor Credit Corp. 0.80% 2026 | 2,265 | 2,235 | |
Toyota Motor Credit Corp. 3.05% 2028 | 2,430 | 2,639 | |
VICI Properties LP 4.625% 20297 | 995 | 1,071 | |
VICI Properties LP / VICI Note Co., Inc. 3.50% 20257 | 2,100 | 2,145 | |
VICI Properties LP / VICI Note Co., Inc. 3.75% 20277 | 450 | 466 | |
VICI Properties LP / VICI Note Co., Inc. 4.125% 20307 | 3,100 | 3,290 | |
Volkswagen Group of America Finance, LLC 4.25% 20237 | 3,770 | 4,044 | |
Volkswagen Group of America Finance, LLC 4.625% 20257 | 3,845 | 4,324 | |
Volkswagen Group of America Finance, LLC 3.20% 20267 | 3,201 | 3,428 | |
Wyndham Destinations, Inc. 4.625% 20307 | 1,300 | 1,338 | |
Wyndham Worldwide Corp. 4.375% 20287 | 2,255 | 2,357 | |
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 20237 | 2,193 | 2,213 | |
207,436 | |||
Communication services 0.63% | |||
Alphabet, Inc. 1.998% 2026 | 3,000 | 3,137 | |
Alphabet, Inc. 1.90% 2040 | 1,375 | 1,236 | |
Alphabet, Inc. 2.25% 2060 | 1,265 | 1,108 | |
AT&T, Inc. 2.25% 2032 | 1,000 | 974 | |
AT&T, Inc. 2.55% 2033 | 5,348 | 5,266 | |
AT&T, Inc. 3.30% 2052 | 1,825 | 1,771 | |
AT&T, Inc. 3.50% 2053 | 8,050 | 7,983 | |
AT&T, Inc. 3.55% 2055 | 1,125 | 1,112 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 | 500 | 563 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20307 | 3,500 | 3,615 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 20307 | 2,500 | 2,617 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.80% 2031 | 8,021 | 8,046 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20317 | 4,075 | 4,151 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.30% 2032 | 2,500 | 2,383 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 2032 | 2,710 | 2,795 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20337 | 1,625 | 1,656 | |
CenturyLink, Inc. 7.50% 2024 | 1,500 | 1,663 | |
Comcast Corp. 2.35% 2027 | 4,000 | 4,198 | |
Comcast Corp. 3.20% 2036 | 375 | 400 | |
Comcast Corp. 3.90% 2038 | 250 | 284 | |
Comcast Corp. 2.80% 2051 | 791 | 750 | |
Comcast Corp. 2.887% 20517 | 2,571 | 2,470 | |
Deutsche Telekom International Finance BV 9.25% 2032 | 3,570 | 5,845 | |
DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. 5.875% 20277 | 2,205 | 2,304 | |
Embarq Corp. 7.995% 2036 | 4,575 | 4,914 | |
Fox Corp. 4.03% 2024 | 1,120 | 1,202 | |
Frontier Communications Corp. 5.875% 20277 | 2,225 | 2,367 | |
Frontier Communications Corp. 5.00% 20287 | 5,550 | 5,834 | |
Frontier Communications Corp. 6.75% 20297 | 3,550 | 3,746 | |
Frontier Communications Holdings, LLC 5.875% 2029 | 1,850 | 1,875 | |
iHeartCommunications, Inc. 5.25% 20277 | 3,093 | 3,218 | |
Intelsat Jackson Holding Co. 8.00% 20247 | 7,275 | 7,475 |
American Funds Insurance Series — Asset Allocation Fund — Page 100 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) | |
Intelsat Jackson Holding Co. 8.50% 20247,15 | $4,425 | $2,530 | |
Intelsat Jackson Holding Co., Term Loan, (3-month USD-LIBOR + 4.75%) 5.75% 202212,14 | 1,727 | 1,736 | |
Intelsat Jackson Holding Co., Term Loan, 6.625% 202412 | 1,400 | 1,428 | |
Ligado Networks LLC 15.50% PIK 20237,13 | 2,397 | 2,328 | |
Live Nation Entertainment, Inc. 3.75% 20287 | 1,350 | 1,344 | |
Midas OpCo Holdings LLC 5.625% 20297 | 3,205 | 3,320 | |
News Corp. 3.875% 20297 | 875 | 900 | |
Nexstar Broadcasting, Inc. 4.75% 20287 | 3,175 | 3,298 | |
SBA Tower Trust 1.631% 20267 | 8,707 | 8,695 | |
Scripps Escrow II, Inc. 3.875% 20297 | 2,325 | 2,336 | |
Sinclair Television Group, Inc. 4.125% 20307 | 1,175 | 1,150 | |
Sirius XM Radio, Inc. 4.00% 20287 | 2,575 | 2,622 | |
Sirius XM Radio, Inc. 4.125% 20307 | 950 | 956 | |
Sirius XM Radio, Inc. 3.875% 20317 | 1,975 | 1,932 | |
Sprint Corp. 7.625% 2026 | 4,125 | 5,003 | |
Sprint Corp. 6.875% 2028 | 7,550 | 9,673 | |
Sprint Corp. 8.75% 2032 | 250 | 374 | |
TEGNA, Inc. 4.75% 20267 | 2,350 | 2,454 | |
TEGNA, Inc. 5.00% 2029 | 1,500 | 1,547 | |
T-Mobile US, Inc. 1.50% 2026 | 500 | 502 | |
T-Mobile US, Inc. 2.05% 2028 | 325 | 328 | |
T-Mobile US, Inc. 3.375% 20297 | 2,200 | 2,298 | |
T-Mobile US, Inc. 2.875% 2031 | 1,300 | 1,313 | |
Trilogy International South Pacific LLC / TISP Finance, Inc. 8.875% 20237 | 13,201 | 12,891 | |
Univision Communications, Inc. 6.625% 20277 | 4,800 | 5,220 | |
Univision Communications, Inc. 4.50% 20297 | 3,475 | 3,536 | |
Verizon Communications, Inc. 2.10% 2028 | 1,835 | 1,864 | |
Verizon Communications, Inc. 2.875% 2050 | 2,500 | 2,334 | |
Virgin Media O2 4.25% 20317 | 5,025 | 5,019 | |
Virgin Media Secured Finance PLC 4.50% 20307 | 3,115 | 3,169 | |
VMED O2 UK Financing I PLC 4.75% 20317 | 225 | 230 | |
Vodafone Group PLC 4.375% 2028 | 350 | 402 | |
Vodafone Group PLC 5.25% 2048 | 500 | 648 | |
Vodafone Group PLC 4.25% 2050 | 4,350 | 5,022 | |
Ziggo Bond Co. BV 5.125% 20307 | 1,775 | 1,823 | |
Ziggo Bond Finance BV 5.50% 20277 | 1,802 | 1,865 | |
Ziggo Bond Finance BV 4.875% 20307 | 725 | 749 | |
199,797 | |||
Materials 0.49% | |||
Alcoa Netherlands Holding BV 4.125% 20297 | 950 | 990 | |
Allegheny Technologies, Inc. 5.125% 2031 | 340 | 343 | |
Anglo American Capital PLC 2.25% 20287 | 484 | 481 | |
Anglo American Capital PLC 2.625% 20307 | 5,000 | 4,971 | |
Anglo American Capital PLC 3.95% 20507 | 2,281 | 2,446 | |
Arconic Rolled Products Corp. 6.125% 20287 | 750 | 796 | |
Ball Corp. 3.125% 2031 | 2,570 | 2,541 | |
Chevron Phillips Chemical Co. LLC 3.30% 20237 | 595 | 621 | |
Cleveland-Cliffs, Inc. 6.75% 20267 | 1,285 | 1,372 | |
Cleveland-Cliffs, Inc. 5.875% 2027 | 10,500 | 10,881 | |
Cleveland-Cliffs, Inc. 4.625% 20297 | 1,825 | 1,866 | |
Cleveland-Cliffs, Inc. 4.875% 20317 | 2,051 | 2,120 | |
CVR Partners LP 9.25% 20237 | 291 | 292 | |
CVR Partners LP 6.125% 20287 | 745 | 782 |
American Funds Insurance Series — Asset Allocation Fund — Page 101 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials (continued) | Principal amount (000) | Value (000) | |
Dow Chemical Co. 3.625% 2026 | $1,884 | $2,066 | |
Dow Chemical Co. 3.60% 2050 | 10,728 | 11,405 | |
First Quantum Minerals, Ltd. 7.25% 20237 | 1,200 | 1,222 | |
First Quantum Minerals, Ltd. 6.50% 20247 | 4,704 | 4,769 | |
First Quantum Minerals, Ltd. 7.50% 20257 | 11,350 | 11,657 | |
First Quantum Minerals, Ltd. 6.875% 20267 | 3,625 | 3,775 | |
First Quantum Minerals, Ltd. 6.875% 20277 | 3,240 | 3,431 | |
Freeport-McMoRan, Inc. 4.25% 2030 | 2,125 | 2,252 | |
FXI Holdings, Inc. 7.875% 20247 | 2,226 | 2,273 | |
FXI Holdings, Inc. 12.25% 20267 | 4,392 | 4,992 | |
Glencore Funding LLC 4.125% 20247 | 945 | 1,013 | |
Hexion, Inc. 7.875% 20277 | 2,045 | 2,186 | |
International Flavors & Fragrances, Inc. 1.832% 20277 | 5,400 | 5,411 | |
International Flavors & Fragrances, Inc. 3.468% 20507 | 2,285 | 2,403 | |
International Paper Co. 7.30% 2039 | 2,005 | 3,090 | |
Joseph T. Ryerson & Son, Inc. 8.50% 20287 | 765 | 849 | |
LSB Industries, Inc. 9.625% 20237 | 5,170 | 5,390 | |
LSB Industries, Inc. 6.25% 20287 | 860 | 869 | |
LYB International Finance III, LLC 2.25% 2030 | 2,275 | 2,279 | |
LYB International Finance III, LLC 3.375% 2040 | 5,848 | 6,081 | |
LYB International Finance III, LLC 3.625% 2051 | 9,787 | 10,309 | |
LYB International Finance III, LLC 3.80% 2060 | 1,186 | 1,235 | |
Methanex Corp. 5.125% 2027 | 6,425 | 6,955 | |
Mosaic Co. 3.25% 2022 | 1,125 | 1,157 | |
Mosaic Co. 4.05% 2027 | 1,050 | 1,181 | |
Novelis Corp. 3.875% 20317 | 1,115 | 1,104 | |
Praxair, Inc. 1.10% 2030 | 2,938 | 2,741 | |
SCIH Salt Holdings, Inc. 4.875% 20287 | 1,185 | 1,192 | |
SCIH Salt Holdings, Inc. 6.625% 20297 | 1,230 | 1,182 | |
Sherwin-Williams Company 2.75% 2022 | 29 | 29 | |
Sherwin-Williams Company 3.125% 2024 | 275 | 292 | |
Sherwin-Williams Company 3.80% 2049 | 5,208 | 5,857 | |
Vale Overseas, Ltd. 3.75% 2030 | 2,229 | 2,312 | |
Venator Materials Corp. 5.75% 20257 | 5,845 | 5,532 | |
Venator Materials Corp. 9.50% 20257 | 1,495 | 1,656 | |
Warrior Met Coal, Inc. 8.00% 20247 | 5,095 | 5,178 | |
Westlake Chemical Corp. 4.375% 2047 | 500 | 571 | |
156,398 | |||
Utilities 0.49% | |||
AEP Transmission Co. LLC 3.75% 2047 | 2,390 | 2,687 | |
Ameren Corp. 2.50% 2024 | 969 | 1,013 | |
American Electric Power Company, Inc. 2.95% 2022 | 3,020 | 3,090 | |
Calpine Corp. 3.75% 20317 | 1,300 | 1,253 | |
CenterPoint Energy, Inc. 2.50% 2022 | 900 | 916 | |
CenterPoint Energy, Inc. 3.85% 2024 | 1,638 | 1,745 | |
Comisión Federal de Electricidad 4.75% 20277 | 645 | 724 | |
Commonwealth Edison Co. 4.35% 2045 | 1,085 | 1,332 | |
Commonwealth Edison Co. 4.00% 2048 | 2,600 | 3,058 | |
Consolidated Edison Company of New York, Inc. 3.60% 2061 | 5,380 | 5,633 | |
Consumers Energy Co. 4.05% 2048 | 3,017 | 3,590 | |
Dominion Resources, Inc. 2.75% 2022 | 800 | 804 | |
Dominion Resources, Inc. 2.85% 2026 | 750 | 797 | |
Dominion Resources, Inc., junior subordinated, 3.071% 202411 | 1,775 | 1,877 |
American Funds Insurance Series — Asset Allocation Fund — Page 102 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
DTE Energy Company 3.95% 2049 | $1,800 | $2,128 | |
Duke Energy Carolinas, LLC 3.95% 2028 | 1,250 | 1,422 | |
Duke Energy Florida, LLC 3.20% 2027 | 1,445 | 1,567 | |
Duke Energy Indiana, Inc. 3.25% 2049 | 1,225 | 1,271 | |
Duke Energy Progress, Inc. 3.70% 2046 | 750 | 840 | |
Edison International 3.55% 2024 | 2,200 | 2,334 | |
EDP Finance BV 3.625% 20247 | 4,100 | 4,383 | |
Electricité de France SA 4.75% 20357 | 1,250 | 1,505 | |
Electricité de France SA 4.875% 20387 | 2,750 | 3,380 | |
Electricité de France SA 5.60% 2040 | 525 | 702 | |
Emera US Finance LP 3.55% 2026 | 320 | 346 | |
Enersis Américas SA 4.00% 2026 | 245 | 268 | |
Entergy Corp. 2.80% 2030 | 3,325 | 3,434 | |
Entergy Texas, Inc. 1.75% 2031 | 3,650 | 3,462 | |
Eversource Energy 3.80% 2023 | 2,730 | 2,911 | |
Exelon Corp., junior subordinated, 3.497% 202211 | 1,075 | 1,094 | |
FirstEnergy Corp. 3.40% 2050 | 6,975 | 6,723 | |
FirstEnergy Transmission LLC 2.866% 20287 | 675 | 705 | |
Northern States Power Co. 4.125% 2044 | 6,000 | 7,168 | |
NRG Energy, Inc. 3.625% 20317 | 2,250 | 2,213 | |
Pacific Gas and Electric Co. 1.75% 2022 | 1,575 | 1,573 | |
Pacific Gas and Electric Co. 2.10% 2027 | 125 | 122 | |
Pacific Gas and Electric Co. 2.50% 2031 | 4,750 | 4,525 | |
Pacific Gas and Electric Co. 3.30% 2040 | 100 | 92 | |
Pacific Gas and Electric Co. 4.20% 2041 | 9,100 | 8,959 | |
Pacific Gas and Electric Co. 3.50% 2050 | 2,500 | 2,279 | |
PacifiCorp, First Mortgage Bonds, 4.125% 2049 | 4,000 | 4,721 | |
PG&E Corp. 5.00% 2028 | 4,750 | 4,845 | |
PG&E Corp. 5.25% 2030 | 3,400 | 3,485 | |
Public Service Company of Colorado 1.875% 2031 | 2,775 | 2,729 | |
Public Service Electric and Gas Co. 3.60% 2047 | 548 | 619 | |
Public Service Electric and Gas Co. 3.15% 2050 | 2,451 | 2,573 | |
Public Service Enterprise Group, Inc. 2.65% 2022 | 1,900 | 1,945 | |
Southern California Edison Co. 2.85% 2029 | 4,450 | 4,622 | |
Southern California Edison Co. 6.00% 2034 | 2,500 | 3,242 | |
Southern California Edison Co. 5.35% 2035 | 3,000 | 3,745 | |
Southern California Edison Co. 5.75% 2035 | 675 | 861 | |
Southern California Edison Co. 4.00% 2047 | 456 | 490 | |
Southern California Edison Co. 3.65% 2050 | 3,652 | 3,738 | |
Southern California Gas Company 2.55% 2030 | 2,725 | 2,801 | |
Talen Energy Corp. 10.50% 20267 | 885 | 488 | |
Talen Energy Corp. 7.25% 20277 | 4,775 | 4,513 | |
Talen Energy Supply, LLC 7.625% 20287 | 3,030 | 2,846 | |
Union Electric Co. 2.625% 2051 | 5,625 | 5,345 | |
Venture Global Calcasieu Pass, LLC 3.875% 20297 | 1,030 | 1,062 | |
Virginia Electric and Power Co. 3.80% 2028 | 2,000 | 2,234 | |
Virginia Electric and Power Co. 4.60% 2048 | 2,650 | 3,402 | |
Xcel Energy, Inc. 2.60% 2029 | 1,950 | 2,018 | |
156,249 | |||
Real estate 0.46% | |||
Alexandria Real Estate Equities, Inc. 3.80% 2026 | 315 | 347 | |
Alexandria Real Estate Equities, Inc. 3.95% 2028 | 1,220 | 1,371 | |
Alexandria Real Estate Equities, Inc. 2.75% 2029 | 1,940 | 2,017 |
American Funds Insurance Series — Asset Allocation Fund — Page 103 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Real estate (continued) | Principal amount (000) | Value (000) | |
Alexandria Real Estate Equities, Inc. 3.375% 2031 | $1,320 | $1,438 | |
Alexandria Real Estate Equities, Inc. 1.875% 2033 | 4,095 | 3,857 | |
Alexandria Real Estate Equities, Inc. 4.85% 2049 | 410 | 529 | |
American Campus Communities, Inc. 3.75% 2023 | 3,055 | 3,181 | |
American Campus Communities, Inc. 4.125% 2024 | 2,075 | 2,253 | |
American Campus Communities, Inc. 3.625% 2027 | 9,545 | 10,432 | |
American Campus Communities, Inc. 3.875% 2031 | 331 | 370 | |
American Tower Corp. 1.45% 2026 | 2,369 | 2,359 | |
American Tower Corp. 1.60% 2026 | 2,347 | 2,358 | |
American Tower Corp. 3.55% 2027 | 1,425 | 1,554 | |
American Tower Corp. 1.50% 2028 | 10,000 | 9,695 | |
American Tower Corp. 3.60% 2028 | 1,000 | 1,089 | |
American Tower Corp. 2.30% 2031 | 5,249 | 5,179 | |
American Tower Corp. 2.95% 2051 | 5,250 | 4,962 | |
Brandywine Operating Partnership LP 3.95% 2023 | 1,070 | 1,110 | |
Brookfield Property REIT, Inc. 5.75% 20267 | 3,575 | 3,718 | |
Diversified Healthcare Trust 4.375% 2031 | 3,250 | 3,148 | |
Equinix, Inc. 1.45% 2026 | 6,787 | 6,774 | |
Equinix, Inc. 2.90% 2026 | 1,144 | 1,214 | |
Equinix, Inc. 1.80% 2027 | 1,295 | 1,302 | |
Equinix, Inc. 1.55% 2028 | 3,175 | 3,106 | |
Equinix, Inc. 2.00% 2028 | 2,234 | 2,230 | |
Equinix, Inc. 3.20% 2029 | 1,552 | 1,648 | |
Equinix, Inc. 2.50% 2031 | 1,710 | 1,723 | |
Equinix, Inc. 3.00% 2050 | 912 | 867 | |
Equinix, Inc. 3.40% 2052 | 2,731 | 2,785 | |
Essex Portfolio LP 3.875% 2024 | 1,000 | 1,070 | |
Essex Portfolio LP 3.50% 2025 | 6,825 | 7,351 | |
Extra Space Storage, Inc. 2.35% 2032 | 1,385 | 1,354 | |
Gaming and Leisure Properties, Inc. 3.35% 2024 | 1,263 | 1,333 | |
Hospitality Properties Trust 4.50% 2023 | 1,945 | 1,987 | |
Hospitality Properties Trust 4.50% 2025 | 150 | 150 | |
Hospitality Properties Trust 4.95% 2027 | 500 | 500 | |
Hospitality Properties Trust 3.95% 2028 | 1,950 | 1,841 | |
Host Hotels & Resorts LP 4.50% 2026 | 355 | 389 | |
Howard Hughes Corp. 5.375% 20287 | 2,450 | 2,585 | |
Howard Hughes Corp. 4.125% 20297 | 1,860 | 1,865 | |
Howard Hughes Corp. 4.375% 20317 | 2,615 | 2,634 | |
Invitation Homes Operating Partnership LP 2.00% 2031 | 2,401 | 2,307 | |
Iron Mountain, Inc. 5.25% 20307 | 4,785 | 5,084 | |
Iron Mountain, Inc. 4.50% 20317 | 2,650 | 2,691 | |
Kennedy-Wilson Holdings, Inc. 4.75% 2029 | 2,645 | 2,695 | |
Kennedy-Wilson Holdings, Inc. 4.75% 2030 | 1,140 | 1,159 | |
Kennedy-Wilson Holdings, Inc. 5.00% 2031 | 2,760 | 2,825 | |
Ladder Capital Corp. 5.25% 20257 | 440 | 446 | |
Park Intermediate Holdings LLC 4.875% 20297 | 2,280 | 2,349 | |
Public Storage 2.37% 2022 | 565 | 576 | |
Public Storage 0.875% 2026 | 592 | 585 | |
Public Storage 1.85% 2028 | 2,490 | 2,525 | |
Public Storage 2.30% 2031 | 2,493 | 2,527 | |
Realogy Corp. 5.75% 20297 | 2,760 | 2,867 | |
RHP Hotel Properties LP / RHP Finance Corp. 4.50% 20297 | 875 | 878 | |
RLJ Lodging Trust, LP 4.00% 20297 | 1,240 | 1,240 | |
Scentre Group 3.25% 20257 | 1,000 | 1,065 |
American Funds Insurance Series — Asset Allocation Fund — Page 104 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Real estate (continued) | Principal amount (000) | Value (000) | |
Scentre Group 3.50% 20257 | $3,075 | $3,278 | |
Scentre Group 3.75% 20277 | 2,430 | 2,670 | |
Sun Communities Operating LP 2.30% 2028 | 1,845 | 1,850 | |
Sun Communities Operating LP 2.70% 2031 | 876 | 886 | |
UDR, Inc. 2.95% 2026 | 760 | 808 | |
146,986 | |||
Information technology 0.39% | |||
Adobe, Inc. 1.90% 2025 | 366 | 378 | |
Almonde, Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 8.25% 202512,14 | 4,150 | 4,182 | |
Analog Devices, Inc. 1.70% 2028 | 592 | 594 | |
Analog Devices, Inc. 2.10% 2031 | 898 | 901 | |
Analog Devices, Inc. 2.80% 2041 | 2,961 | 2,966 | |
Analog Devices, Inc. 2.95% 2051 | 1,422 | 1,424 | |
Apple, Inc. 3.00% 2024 | 625 | 659 | |
Apple, Inc. 0.70% 2026 | 2,500 | 2,475 | |
Apple, Inc. 3.35% 2027 | 40 | 44 | |
Apple, Inc. 1.20% 2028 | 5,000 | 4,902 | |
Apple, Inc. 1.65% 2031 | 2,500 | 2,435 | |
Avaya, Inc. 6.125% 20287 | 1,600 | 1,684 | |
Booz Allen Hamilton, Inc. 4.00% 20297 | 1,000 | 1,026 | |
Broadcom, Inc. 1.95% 20287 | 1,407 | 1,390 | |
Broadcom, Inc. 2.45% 20317 | 2,452 | 2,376 | |
Broadcom, Inc. 2.60% 20337 | 2,524 | 2,427 | |
Broadcom, Inc. 3.469% 20347 | 11,463 | 11,815 | |
Broadcom, Inc. 3.50% 20417 | 3,948 | 3,907 | |
Broadcom, Inc. 3.75% 20517 | 3,366 | 3,366 | |
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 2.875% 202312,14 | 1,334 | 1,329 | |
Diebold Nixdorf, Inc. 9.375% 20257 | 5,675 | 6,218 | |
Diebold, Inc. 8.50% 2024 | 1,400 | 1,432 | |
Fidelity National Information Services, Inc. 3.10% 2041 | 302 | 306 | |
Fiserv, Inc. 3.50% 2029 | 1,030 | 1,122 | |
Fiserv, Inc. 2.65% 2030 | 7,348 | 7,524 | |
Gartner, Inc. 4.50% 20287 | 650 | 683 | |
Intuit, Inc. 0.95% 2025 | 1,530 | 1,529 | |
Intuit, Inc. 1.35% 2027 | 1,395 | 1,389 | |
Intuit, Inc. 1.65% 2030 | 1,845 | 1,800 | |
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 3.75%) 3.837% 202412,14 | 2,223 | 2,227 | |
Microsoft Corp. 2.525% 2050 | 4,744 | 4,573 | |
Microsoft Corp. 2.921% 2052 | 4,814 | 4,987 | |
MoneyGram International, Inc. 5.375% 20267 | 750 | 762 | |
Oracle Corp. 3.65% 2041 | 2,250 | 2,331 | |
Oracle Corp. 3.95% 2051 | 1,826 | 1,929 | |
PayPal Holdings, Inc. 2.65% 2026 | 2,364 | 2,528 | |
PayPal Holdings, Inc. 2.30% 2030 | 2,200 | 2,256 | |
Sabre GLBL, Inc. 7.375% 20257 | 728 | 777 | |
Sabre Holdings Corp. 9.25% 20257 | 1,197 | 1,385 | |
salesforce.com, inc. 1.50% 2028 | 3,200 | 3,186 | |
salesforce.com, inc. 1.95% 2031 | 1,625 | 1,619 | |
salesforce.com, inc. 2.70% 2041 | 1,875 | 1,872 | |
Square, Inc. 3.50% 20317 | 1,875 | 1,926 | |
Synaptics, Inc. 4.00% 20297 | 875 | 896 | |
Unisys Corp. 6.875% 20277 | 725 | 793 | |
VeriSign, Inc. 2.70% 2031 | 625 | 636 |
American Funds Insurance Series — Asset Allocation Fund — Page 105 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Information technology (continued) | Principal amount (000) | Value (000) | |
Veritas Holdings, Ltd. 7.50% 20257 | $3,860 | $4,019 | |
Viavi Solutions, Inc. 3.75% 20297 | 350 | 351 | |
Visa, Inc. 2.80% 2022 | 2,000 | 2,053 | |
Visa, Inc. 3.15% 2025 | 5,500 | 5,967 | |
Xerox Corp. 5.00% 20257 | 2,925 | 3,077 | |
Xerox Corp. 5.50% 20287 | 1,100 | 1,140 | |
123,573 | |||
Consumer staples 0.37% | |||
7-Eleven, Inc. 0.80% 20247 | 1,700 | 1,700 | |
7-Eleven, Inc. 0.95% 20267 | 825 | 811 | |
7-Eleven, Inc. 1.30% 20287 | 6,515 | 6,267 | |
Albertsons Companies, Inc. 3.50% 20297 | 1,385 | 1,384 | |
Altria Group, Inc. 4.40% 2026 | 231 | 260 | |
Altria Group, Inc. 5.80% 2039 | 4,820 | 5,934 | |
Altria Group, Inc. 3.40% 2041 | 2,500 | 2,371 | |
Altria Group, Inc. 4.50% 2043 | 3,000 | 3,190 | |
Altria Group, Inc. 5.95% 2049 | 490 | 622 | |
Altria Group, Inc. 3.70% 2051 | 2,500 | 2,358 | |
Anheuser-Busch InBev NV 4.00% 2028 | 845 | 954 | |
Anheuser-Busch InBev NV 5.45% 2039 | 5,000 | 6,482 | |
British American Tobacco International Finance PLC 3.95% 20257 | 4,250 | 4,618 | |
British American Tobacco PLC 3.222% 2024 | 2,826 | 2,997 | |
British American Tobacco PLC 3.215% 2026 | 3,323 | 3,545 | |
British American Tobacco PLC 4.39% 2037 | 3,109 | 3,343 | |
British American Tobacco PLC 4.54% 2047 | 940 | 975 | |
Central Garden & Pet Co. 4.125% 20317 | 1,395 | 1,418 | |
Coca-Cola Company 1.00% 2028 | 940 | 908 | |
Conagra Brands, Inc. 1.375% 2027 | 4,615 | 4,499 | |
Constellation Brands, Inc. 3.20% 2023 | 1,029 | 1,065 | |
Constellation Brands, Inc. 3.60% 2028 | 625 | 687 | |
Constellation Brands, Inc. 2.25% 2031 | 1,487 | 1,464 | |
Imperial Tobacco Finance PLC 3.50% 20237 | 4,000 | 4,118 | |
Keurig Dr Pepper, Inc. 4.985% 2038 | 3,351 | 4,203 | |
Kimberly-Clark Corp. 3.10% 2030 | 329 | 360 | |
Kraft Heinz Company 3.875% 2027 | 2,475 | 2,704 | |
Kraft Heinz Company 4.375% 2046 | 1,280 | 1,459 | |
Kraft Heinz Company 4.875% 2049 | 3,760 | 4,585 | |
Kraft Heinz Company 5.50% 2050 | 1,215 | 1,606 | |
Kronos Acquisition Holdings, Inc. 5.00% 20267 | 1,695 | 1,695 | |
Nestlé Holdings, Inc. 1.00% 20277 | 16,400 | 15,973 | |
Philip Morris International, Inc. 2.375% 2022 | 1,960 | 1,993 | |
Philip Morris International, Inc. 2.625% 2022 | 1,670 | 1,682 | |
Philip Morris International, Inc. 2.875% 2024 | 788 | 832 | |
Philip Morris International, Inc. 3.25% 2024 | 2,000 | 2,149 | |
Philip Morris International, Inc. 0.875% 2026 | 2,990 | 2,936 | |
Philip Morris International, Inc. 3.375% 2029 | 788 | 866 | |
Philip Morris International, Inc. 1.75% 2030 | 2,956 | 2,849 | |
Post Holdings, Inc. 4.625% 20307 | 2,886 | 2,912 | |
Prestige Brands International, Inc. 3.75% 20317 | 1,115 | 1,077 | |
Reckitt Benckiser Group PLC 2.375% 20227 | 1,125 | 1,141 |
American Funds Insurance Series — Asset Allocation Fund — Page 106 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples (continued) | Principal amount (000) | Value (000) | |
Reynolds American, Inc. 5.85% 2045 | $2,030 | $2,440 | |
Simmons Foods, Inc. 4.625% 20297 | 560 | 565 | |
115,997 | |||
Total corporate bonds, notes & loans | 2,210,277 | ||
Mortgage-backed obligations 5.54% Federal agency mortgage-backed obligations 5.13% | |||
Fannie Mae Pool #AD7072 4.00% 202516 | 3 | 4 | |
Fannie Mae Pool #AE3069 4.00% 202516 | 2 | 2 | |
Fannie Mae Pool #AE2321 4.00% 202516 | 1 | 1 | |
Fannie Mae Pool #AH6431 4.00% 202616 | 328 | 348 | |
Fannie Mae Pool #890329 4.00% 202616 | 50 | 53 | |
Fannie Mae Pool #AH5618 4.00% 202616 | 3 | 3 | |
Fannie Mae Pool #AH0829 4.00% 202616 | 3 | 3 | |
Fannie Mae Pool #MA1109 4.00% 202716 | 4 | 4 | |
Fannie Mae Pool #MA3653 3.00% 202916 | 36 | 38 | |
Fannie Mae Pool #AL8347 4.00% 202916 | 367 | 390 | |
Fannie Mae Pool #254767 5.50% 203316 | 269 | 310 | |
Fannie Mae Pool #555956 5.50% 203316 | 177 | 204 | |
Fannie Mae Pool #BN1085 4.00% 203416 | 539 | 572 | |
Fannie Mae Pool #BN3172 4.00% 203416 | 175 | 186 | |
Fannie Mae Pool #AS8554 3.00% 203616 | 8,026 | 8,500 | |
Fannie Mae Pool #929185 5.50% 203616 | 453 | 526 | |
Fannie Mae Pool #893641 6.00% 203616 | 938 | 1,108 | |
Fannie Mae Pool #893688 6.00% 203616 | 225 | 266 | |
Fannie Mae Pool #907239 6.00% 203616 | 58 | 68 | |
Fannie Mae Pool #AD0249 5.50% 203716 | 146 | 168 | |
Fannie Mae Pool #190379 5.50% 203716 | 76 | 88 | |
Fannie Mae Pool #924952 6.00% 203716 | 1,100 | 1,298 | |
Fannie Mae Pool #888292 6.00% 203716 | 784 | 927 | |
Fannie Mae Pool #928031 6.00% 203716 | 84 | 99 | |
Fannie Mae Pool #888637 6.00% 203716 | 13 | 15 | |
Fannie Mae Pool #AD0119 6.00% 203816 | 1,273 | 1,506 | |
Fannie Mae Pool #AD0095 6.00% 203816 | 943 | 1,115 | |
Fannie Mae Pool #995674 6.00% 203816 | 424 | 499 | |
Fannie Mae Pool #AE0021 6.00% 203816 | 373 | 441 | |
Fannie Mae Pool #AL7164 6.00% 203816 | 235 | 272 | |
Fannie Mae Pool #AB0538 6.00% 203816 | 149 | 176 | |
Fannie Mae Pool #889983 6.00% 203816 | 25 | 29 | |
Fannie Mae Pool #995391 6.00% 203816 | 23 | 27 | |
Fannie Mae Pool #995224 6.00% 203816 | 11 | 12 | |
Fannie Mae Pool #AD0833 6.00% 203916 | 1 | 1 | |
Fannie Mae Pool #AL0013 6.00% 204016 | 242 | 286 | |
Fannie Mae Pool #AL0309 6.00% 204016 | 81 | 96 | |
Fannie Mae Pool #MA4387 2.00% 204116 | 8,717 | 8,857 | |
Fannie Mae Pool #AB4536 6.00% 204116 | 545 | 640 | |
Fannie Mae Pool #AL7228 6.00% 204116 | 331 | 385 | |
Fannie Mae Pool #AP2131 3.50% 204216 | 4,067 | 4,405 | |
Fannie Mae Pool #AU8813 4.00% 204316 | 2,628 | 2,962 | |
Fannie Mae Pool #AU9348 4.00% 204316 | 1,502 | 1,693 | |
Fannie Mae Pool #AU9350 4.00% 204316 | 1,260 | 1,403 | |
Fannie Mae Pool #AL8773 3.50% 204516 | 7,048 | 7,650 | |
Fannie Mae Pool #AL8354 3.50% 204516 | 1,759 | 1,919 |
American Funds Insurance Series — Asset Allocation Fund — Page 107 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Fannie Mae Pool #BC4764 3.00% 204616 | $14,807 | $15,699 | |
Fannie Mae Pool #AL8522 3.50% 204616 | 3,667 | 4,000 | |
Fannie Mae Pool #BD9699 3.50% 204616 | 1,697 | 1,830 | |
Fannie Mae Pool #BD9307 4.00% 204616 | 1,705 | 1,868 | |
Fannie Mae Pool #BC7611 4.00% 204616 | 311 | 340 | |
Fannie Mae Pool #BE1290 3.50% 204716 | 2,554 | 2,757 | |
Fannie Mae Pool #CA0770 3.50% 204716 | 2,213 | 2,358 | |
Fannie Mae Pool #MA3211 4.00% 204716 | 4,185 | 4,517 | |
Fannie Mae Pool #257036 7.00% 204716 | 7 | 8 | |
Fannie Mae Pool #256975 7.00% 204716 | 2 | 2 | |
Fannie Mae Pool #FM3278 3.50% 204816 | 24,298 | 25,870 | |
Fannie Mae Pool #BK7655 3.907% 204814,16 | 496 | 517 | |
Fannie Mae Pool #CA2377 4.00% 204816 | 9,327 | 10,011 | |
Fannie Mae Pool #BK6971 4.00% 204816 | 136 | 146 | |
Fannie Mae Pool #BK5255 4.00% 204816 | 18 | 19 | |
Fannie Mae Pool #MA3277 4.00% 204816 | 17 | 18 | |
Fannie Mae Pool #CA2493 4.50% 204816 | 1,064 | 1,154 | |
Fannie Mae Pool #CA4756 3.00% 204916 | 2,245 | 2,386 | |
Fannie Mae Pool #BK8767 4.00% 204916 | 106 | 116 | |
Fannie Mae Pool #FM8453 3.00% 205116 | 5,608 | 6,018 | |
Fannie Mae Pool #MA4381 3.50% 205116 | 651 | 694 | |
Fannie Mae Pool #MA4401 3.50% 205116 | 205 | 218 | |
Fannie Mae, Series 2001-T10, Class A1, 7.00% 204116 | 106 | 122 | |
Fannie Mae, Series 2002-W3, Class A5, 7.50% 204116 | 29 | 36 | |
Fannie Mae, Series 2012-M14, Class A2, Multi Family, 2.301% 202214,16 | 930 | 944 | |
Fannie Mae, Series 2012-M9, Class A2, Multi Family, 2.482% 202216 | 800 | 806 | |
Fannie Mae, Series 2012-M5, Class A2, Multi Family, 2.715% 202216 | 487 | 487 | |
Fannie Mae, Series 2014-M1, Class A2, Multi Family, 3.19% 202314,16 | 4,534 | 4,722 | |
Fannie Mae, Series 2013-M14, Class A2, Multi Family, 3.329% 202314,16 | 4,977 | 5,222 | |
Fannie Mae, Series 2014-M2, Class A2, Multi Family, 3.513% 202314,16 | 3,355 | 3,544 | |
Fannie Mae, Series 2014-M9, Class A2, Multi Family, 3.103% 202414,16 | 5,393 | 5,701 | |
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 3.501% 202414,16 | 3,610 | 3,814 | |
Fannie Mae, Series 2017-M3, Class A2, Multi Family, 2.549% 202614,16 | 9,549 | 10,108 | |
Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 202714,16 | 2,891 | 3,112 | |
Fannie Mae, Series 2006-43, Class JO, principal only, 0% 203616 | 57 | 52 | |
Freddie Mac Pool #ZK7580 3.00% 202716 | 3,507 | 3,714 | |
Freddie Mac Pool #C91912 3.00% 203716 | 14,446 | 15,323 | |
Freddie Mac Pool #G03978 5.00% 203816 | 546 | 625 | |
Freddie Mac Pool #G04553 6.50% 203816 | 72 | 81 | |
Freddie Mac Pool #G08347 4.50% 203916 | 89 | 100 | |
Freddie Mac Pool #C03518 5.00% 204016 | 807 | 919 | |
Freddie Mac Pool #Q05807 4.00% 204216 | 2,241 | 2,481 | |
Freddie Mac Pool #Q23185 4.00% 204316 | 1,648 | 1,858 | |
Freddie Mac Pool #Q23190 4.00% 204316 | 1,033 | 1,142 | |
Freddie Mac Pool #760014 2.913% 204514,16 | 266 | 277 | |
Freddie Mac Pool #Q37988 4.00% 204516 | 7,775 | 8,613 | |
Freddie Mac Pool #G60344 4.00% 204516 | 6,637 | 7,368 | |
Freddie Mac Pool #Z40130 3.00% 204616 | 5,448 | 5,888 | |
Freddie Mac Pool #Q41909 4.50% 204616 | 502 | 550 | |
Freddie Mac Pool #Q41090 4.50% 204616 | 346 | 381 | |
Freddie Mac Pool #760015 2.652% 204714,16 | 649 | 674 | |
Freddie Mac Pool #Q46021 3.50% 204716 | 1,188 | 1,274 | |
Freddie Mac Pool #SI2002 4.00% 204816 | 3,612 | 3,889 | |
Freddie Mac Pool #SD7507 3.00% 204916 | 26,630 | 28,499 |
American Funds Insurance Series — Asset Allocation Fund — Page 108 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #SD7528 2.00% 205016 | $20,791 | $21,037 | |
Freddie Mac Pool #RA2020 3.00% 205016 | 10,528 | 11,159 | |
Freddie Mac Pool #SD8164 3.50% 205116 | 6,543 | 6,948 | |
Freddie Mac Pool #SD8163 3.50% 205116 | 339 | 360 | |
Freddie Mac Pool #SD8158 3.50% 205116 | 77 | 82 | |
Freddie Mac, Series T041, Class 3A, 4.971% 203214,16 | 216 | 240 | |
Freddie Mac, Series K723, Class A2, Multi Family, 2.454% 202316 | 2,949 | 3,044 | |
Freddie Mac, Series K725, Class A2, Multi Family, 3.002% 202416 | 5,555 | 5,823 | |
Freddie Mac, Series K044, Class A2, Multi Family, 2.811% 202516 | 4,265 | 4,531 | |
Freddie Mac, Series K047, Class A2, Multi Family, 3.329% 202516 | 4,000 | 4,333 | |
Freddie Mac, Series K733, Class A2, Multi Family, 3.75% 202514,16 | 9,778 | 10,670 | |
Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 202616 | 10,050 | 10,737 | |
Freddie Mac, Series K734, Class A2, Multi Family, 3.208% 202616 | 7,370 | 7,974 | |
Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 202716 | 4,755 | 5,216 | |
Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 202716 | 5,770 | 6,360 | |
Freddie Mac, Series K063, Class A2, Multi Family, 3.43% 202716 | 4,375 | 4,849 | |
Freddie Mac, Series K076, Class A2, Multi Family, 3.90% 202816 | 3,237 | 3,721 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 205616 | 6,834 | 7,123 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 205614,16 | 6,716 | 7,003 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 205614,16 | 3,381 | 3,524 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 205614,16 | 1,482 | 1,549 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 205714,16 | 1,132 | 1,216 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 205716 | 2,558 | 2,680 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 205716 | 2,408 | 2,568 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 205716 | 947 | 1,011 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 205816 | 12,718 | 13,359 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 205916 | 7,077 | 7,373 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 202816 | 2,827 | 2,983 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 202916 | 3,687 | 3,847 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A1, 3.50% 202916 | 5,661 | 5,917 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A2, 3.50% 202916 | 2,455 | 2,632 | |
Government National Mortgage Assn. 4.50% 204816 | 580 | 619 | |
Government National Mortgage Assn. 2.00% 205116,17 | 89,533 | 90,660 | |
Government National Mortgage Assn. 2.50% 205116,17 | 14,714 | 15,164 | |
Government National Mortgage Assn. 2.50% 205116,17 | 6,815 | 7,036 | |
Government National Mortgage Assn. 3.00% 205116,17 | 35,782 | 37,386 | |
Government National Mortgage Assn. 3.50% 205116,17 | 26,752 | 28,132 | |
Government National Mortgage Assn. 4.00% 205116,17 | 13,107 | 13,910 | |
Government National Mortgage Assn. 4.50% 205116,17 | 7,027 | 7,494 | |
Government National Mortgage Assn. Pool #BD7245 4.00% 204816 | 870 | 942 | |
Government National Mortgage Assn. Pool #MA5876 4.00% 204916 | 8,848 | 9,419 | |
Government National Mortgage Assn. Pool #MA5986 4.00% 204916 | 1,143 | 1,216 | |
Government National Mortgage Assn. Pool #MA5764 4.50% 204916 | 16,557 | 17,711 | |
Government National Mortgage Assn. Pool #MA6092 4.50% 204916 | 3,741 | 3,994 | |
Government National Mortgage Assn. Pool #MA5877 4.50% 204916 | 2,234 | 2,390 | |
Government National Mortgage Assn. Pool #MA5711 4.50% 204916 | 1,005 | 1,077 | |
Government National Mortgage Assn. Pool #MA7419 3.00% 205116 | 37,510 | 39,259 | |
Uniform Mortgage-Backed Security 1.50% 203616,17 | 19,795 | 19,938 | |
Uniform Mortgage-Backed Security 2.00% 203616,17 | 52,169 | 53,732 | |
Uniform Mortgage-Backed Security 2.50% 203616,17 | 638 | 665 | |
Uniform Mortgage-Backed Security 3.00% 203616,17 | 16,342 | 17,189 | |
Uniform Mortgage-Backed Security 2.00% 205116,17 | 155,143 | 154,943 | |
Uniform Mortgage-Backed Security 2.00% 205116,17 | 26,024 | 26,050 | |
Uniform Mortgage-Backed Security 2.50% 205116,17 | 229,274 | 235,408 |
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Uniform Mortgage-Backed Security 2.50% 205116,17 | $14,681 | $15,110 | |
Uniform Mortgage-Backed Security 3.00% 205116,17 | 87,321 | 91,377 | |
Uniform Mortgage-Backed Security 3.00% 205116,17 | 51,453 | 53,775 | |
Uniform Mortgage-Backed Security 3.50% 205116,17 | 134,288 | 142,096 | |
Uniform Mortgage-Backed Security 4.00% 205116,17 | 70,520 | 75,559 | |
Uniform Mortgage-Backed Security 4.50% 205116,17 | 41,792 | 45,204 | |
1,629,751 | |||
Commercial mortgage-backed securities 0.26% | |||
Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 206316 | 2,909 | 2,993 | |
Barclays Commercial Mortgage Securities LLC, Series 2017-DELC, Class A, 0.934% 20367,14,16 | 2,000 | 2,003 | |
Benchmark Mortgage Trust, Series 2018-B2, Class A4, 3.615% 205116 | 1,000 | 1,097 | |
Benchmark Mortgage Trust, Series 2020-B17, Class A5, 2.289% 205316 | 2,960 | 3,015 | |
BX Trust, Series 2021-SDMF, Class A, (1-month USD-LIBOR + 0.589%) 0.689% 20237,14,16 | 5,954 | 5,931 | |
BX Trust, Series 2021-VOLT, Class A, (1-month USD-LIBOR + 0.70%) 0.80% 20367,14,16 | 4,505 | 4,514 | |
BX Trust, Series 2021-VOLT, Class B, (1-month USD-LIBOR + 0.95%) 1.05% 20367,14,16 | 679 | 680 | |
BX Trust, Series 2021-SOAR, Class A, (1-month USD-LIBOR + 0.67%) 0.754% 20387,14,16 | 7,538 | 7,551 | |
BX Trust, Series 2021-SOAR, Class B, (1-month USD-LIBOR + 0.87%) 0.954% 20387,14,16 | 1,361 | 1,364 | |
BX Trust, Series 2021-SOAR, Class C, (1-month USD-LIBOR + 1.10%) 1.184% 20387,14,16 | 1,229 | 1,234 | |
Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB, 2.984% 204816 | 817 | 844 | |
Commercial Mortgage Trust, Series 2015-PC1, Class A5, 3.902% 205016 | 4,735 | 5,166 | |
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class ASB, 3.617% 204816 | 1,134 | 1,195 | |
Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD-LIBOR + 1.08%) 1.164% 20387,14,16 | 1,566 | 1,573 | |
Extended Stay America Trust, Series 2021-ESH, Class B, (1-month USD-LIBOR + 1.38%) 1.464% 20387,14,16 | 1,430 | 1,438 | |
Extended Stay America Trust, Series 2021-ESH, Class C, (1-month USD-LIBOR + 1.70%) 1.784% 20387,14,16 | 1,493 | 1,507 | |
Grace Mortgage Trust, Series 2020-GRCE, Class A, 2.347% 20407,16 | 5,201 | 5,284 | |
GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 205316 | 5,602 | 5,743 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2021-410T, Class A, 2.287% 20427,16 | 1,431 | 1,469 | |
Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 20397,16 | 13,772 | 14,057 | |
MHC Commercial Mortgage Trust, CMO, Series 2021-MHC, Class A, (1-month USD-LIBOR + 0.801%) 0.885% 20267,14,16 | 3,950 | 3,960 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class ASB, 3.557% 204716 | 830 | 870 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class ASB, 3.04% 204816 | 872 | 905 | |
SLG Office Trust, Series 2021-OVA, Class A, 2.585% 20417,16 | 7,020 | 7,273 | |
81,666 | |||
Collateralized mortgage-backed obligations (privately originated) 0.15% | |||
Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 20487,14,16 | 1,752 | 1,755 | |
Bellemeade Re, Ltd., Series 2019-3A, Class M1B, (1-month USD-LIBOR + 1.60%) 1.686% 20297,14,16 | 3,810 | 3,824 | |
Cascade Funding Mortgage Trust, Series 2018-RM2, Class A, 4.00% 20687,14,16 | 1,693 | 1,761 | |
Credit Suisse Mortgage Trust, Series 2020-NET, Class A, 2.257% 20377,16 | 4,191 | 4,311 | |
Credit Suisse Mortgage Trust, Series 2017-RPL3, Class A1, 2.00% 20607,14,16 | 2,733 | 2,783 | |
CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 203416 | 180 | 191 | |
Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.00% 20697,16 | 8,609 | 9,500 | |
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 20697,16 | 3,059 | 3,344 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA1, Class M3, 3.386% 202714,16 | 615 | 627 | |
Legacy Mortgage Asset Trust, Series 2019-GS5, Class A1, 3.20% 20597,14,16 | 4,476 | 4,499 | |
Legacy Mortgage Asset Trust, Series 2019-GS7, Class A1, 3.25% 20597,14,16 | 1,280 | 1,288 | |
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 20597,14,16 | 600 | 601 | |
MASTR Alternative Loan Trust, Series 2004-2, Class 2A1, 6.00% 203416 | 404 | 421 | |
Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 0.836% 20527,14,16 | 3,001 | 3,005 | |
Mortgage Repurchase Agreement Financing Trust, Series 2020-5, (1-month USD-LIBOR + 1.00%) 1.085% 20237,14,16 | 2,862 | 2,866 | |
MRA Issuance Trust, Series 2020-10, Class A, (1-month USD-LIBOR + 1.70%) 1.79% 20227,14,16 | 5,219 | 5,226 |
American Funds Insurance Series — Asset Allocation Fund — Page 110 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Collateralized mortgage-backed obligations (privately originated) (continued) | Principal amount (000) | Value (000) | |
RMF Proprietary Issuance Trust, Series 2019-1, Class A, 2.75% 20637,14,16 | $669 | $668 | |
Station Place Securitization Trust, Series 2021-WL2, Class A, (1-month USD-LIBOR + 0.70%) 0.786% 20547,14,16 | 1,300 | 1,301 | |
47,971 | |||
Total mortgage-backed obligations | 1,759,388 | ||
Asset-backed obligations 1.06% | |||
Aesop Funding LLC, Series 2017-2A, Class A, 2.97% 20247,16 | 1,920 | 1,983 | |
Aesop Funding LLC, Series 2018-1A, Class A, 3.70% 20247,16 | 1,114 | 1,175 | |
Aesop Funding LLC, Series 2018-2A, Class A, 4.00% 20257,16 | 3,100 | 3,325 | |
Aesop Funding LLC, Series 2021-1A, Class A, 1.38% 20277,16 | 13,378 | 13,379 | |
Aesop Funding LLC, Series 2020-2, Class A, 2.02% 20277,16 | 539 | 554 | |
Aesop Funding LLC, Series 2020-2A, Class B, 2.96% 20277,16 | 138 | 146 | |
Allegro CLO, Ltd., Series 2016-1A, Class AR2, (3-month USD-LIBOR + 0.95%) 1.076% 20307,14,16 | 2,756 | 2,756 | |
Allegro CLO, Ltd., Series 2017-1A, Class AR, (3-month USD-LIBOR + 0.95%) 1.076% 20307,14,16 | 1,639 | 1,640 | |
Ares CLO, Ltd., Series 2017-42A, Class AR, (3-month USD-LIBOR + 0.92%) 1.058% 20287,14,16 | 3,510 | 3,510 | |
Ballyrock CLO, Ltd., Series 2019-2A, Class A1AR, (3-month USD-LIBOR + 1.00%) 1.131% 20307,14,16 | 3,660 | 3,660 | |
Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 20337,16 | 869 | 871 | |
CarMaxAuto Owner Trust, Series 2020-1, Class A2, 1.87% 202316 | 135 | 135 | |
Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 20417,16 | 1,068 | 1,068 | |
Cent CLO, Ltd., Series 2014-21A, Class AR, (3-month USD-LIBOR + 0.97%) 1.099% 20307,14,16 | 5,185 | 5,185 | |
CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20607,16 | 5,422 | 5,500 | |
CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20607,16 | 1,843 | 1,846 | |
CF Hippolyta LLC, Series 2020-1, Class B1, 2.28% 20607,16 | 939 | 954 | |
CF Hippolyta LLC, Series 2020-1, Class B2, 2.60% 20607,16 | 176 | 177 | |
CF Hippolyta LLC, Series 2021-1, Class A1, 1.53% 20617,16 | 6,365 | 6,412 | |
CF Hippolyta LLC, Series 2021-1, Class B1, 1.98% 20617,16 | 817 | 820 | |
CLI Funding V LLC, Series 2020-2A, Class A, 2.03% 20457,16 | 1,708 | 1,720 | |
CLI Funding V LLC, Series 2020-3A, Class A, 2.07% 20457,16 | 1,387 | 1,399 | |
CLI Funding V LLC, Series 2020-1A, Class A, 2.08% 20457,16 | 6,251 | 6,302 | |
CLI Funding V LLC, Series 2020-3A, Class B, 3.30% 20457,16 | 883 | 894 | |
CLI Funding V LLC, Series 2021-1A, Class A, 1.64% 20467,16 | 1,862 | 1,843 | |
Cloud Pass-Through Trust, Series 2019-1A, Class CLOU, 3.554% 20227,14,16 | 168 | 168 | |
Credit Acceptance Auto Loan Trust, Series 2020-1A, Class A, 2.01% 20297,16 | 2,964 | 3,006 | |
Drive Auto Receivables Trust, Series 2019-3, Class B, 2.65% 202416 | 49 | 49 | |
Drive Auto Receivables Trust, Series 2019-3, Class C, 2.90% 202516 | 820 | 829 | |
Drive Auto Receivables Trust, Series 2020-1, Class C, 2.36% 202616 | 2,262 | 2,294 | |
Drivetime Auto Owner Trust, Series 2019-3, Class C, 2.74% 20257,16 | 100 | 101 | |
Dryden Senior Loan Fund, CLO, Series 2017-47A, Class A1R, (3-month USD-LIBOR + 0.98%) 1.106% 20287,14,16 | 5,478 | 5,478 | |
EDvestinU Private Education Loan LLC, Series 2021-A, Class A, 1.80% 20457,16 | 460 | 459 | |
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 20377,16 | 8,100 | 8,081 | |
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 20307,16 | 4,825 | 5,083 | |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.52% 20307,16 | 6,000 | 6,392 | |
Ford Credit Auto Owner Trust, Series 2020-1, Class A, 2.04% 20317,16 | 8,861 | 9,172 | |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 20317,16 | 9,605 | 10,295 | |
GCI Funding I LLC, Series 2020-1, Class A, 2.82% 20457,16 | 842 | 853 | |
GCI Funding I LLC, Series 2020-1, Class B, 3.81% 20457,16 | 339 | 337 | |
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 20397,16 | 2,932 | 3,073 | |
Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 20407,16 | 12,138 | 12,306 | |
Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 20407,16 | 15,322 | 15,578 | |
Global SC Finance VII SRL, Series 2020-2A, Class B, 3.32% 20407,16 | 634 | 643 | |
Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 20417,16 | 4,669 | 4,665 | |
Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 20417,16 | 6,941 | 6,958 | |
Global SC Finance VII SRL, Series 2021-2A, Class B, 2.49% 20417,16 | 549 | 546 |
American Funds Insurance Series — Asset Allocation Fund — Page 111 of 242
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Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
Hertz Vehicle Financing LLC, Series 2021-1A, Class A, 1.21% 20257,16 | $8,452 | $8,491 | |
Hertz Vehicle Financing LLC, Series 2021-1A, Class B, 1.56% 20257,16 | 634 | 638 | |
Hertz Vehicle Financing LLC, Series 2021-1A, Class C, 2.05% 20257,16 | 405 | 409 | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class A, 1.68% 20277,16 | 9,163 | 9,196 | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class B, 2.12% 20277,16 | 685 | 691 | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class C, 2.52% 20277,16 | 429 | 435 | |
Honda Auto Receivables Owner Trust, Series 2019-2, Class A3, 2.52% 202316 | 1,445 | 1,460 | |
Longfellow Place CLO, Ltd., Series 2013-1A, Class AR3, (3-month USD-LIBOR + 1.00%) 1.126% 20297,14,16 | 3,825 | 3,825 | |
Madison Park Funding, Ltd., CLO, Series 2015-17A, Class AR2, (3-month USD-LIBOR + 1.00%) 1.134% 20307,14,16 | 5,545 | 5,545 | |
Marathon CLO, Ltd., Series 2017-9A, Class A1AR, (3-month USD-LIBOR + 1.15%) 1.276% 20297,14,16 | 4,230 | 4,230 | |
Mercury Financial Credit Card Master Trust, Series 2021-1A, Class A, 1.54% 20267,16 | 4,700 | 4,716 | |
Mission Lane Credit Card Master Trust, Series 2021-A, Class A, 1.59% 20267,16 | 1,900 | 1,901 | |
Navient Student Loan Trust, Series 2021-C, Class A, 1.06% 20697,16 | 7,174 | 7,192 | |
Nelnet Student Loan Trust, Series 2021-C, Class AFX, 1.32% 20627,16 | 15,087 | 15,048 | |
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 20627,16 | 8,321 | 8,322 | |
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 20627,16 | 14,163 | 14,186 | |
Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD-LIBOR + 0.97%) 1.095% 20307,14,16 | 1,765 | 1,765 | |
Palmer Square Loan Funding, CLO, Series 2020-4, Class A1, (3-month USD-LIBOR + 1.00%) 1.129% 20287,14,16 | 2,362 | 2,363 | |
Palmer Square Loan Funding, CLO, Series 2021-4A, Class A1, (3-month USD-LIBOR + 0.80%) 0.919% 20297,14,16 | 10,000 | 10,000 | |
Palmer Square Loan Funding, CLO, Series 2021-1, Class A1, (3-month USD-LIBOR + 0.90%) 1.034% 20297,14,16 | 676 | 676 | |
Palmer Square Loan Funding, CLO, Series 2021-4A, Class A2, (3-month USD-LIBOR + 1.40%) 1.519% 20297,14,16 | 4,278 | 4,278 | |
Race Point CLO, Ltd., Series 2015-9A, Class A1A2, (3-month USD-LIBOR + 0.94%) 1.066% 20307,14,16 | 4,634 | 4,634 | |
Santander Drive Auto Receivables Trust, Series 2020-1, Class A3, 2.03% 202416 | 216 | 217 | |
Santander Drive Auto Receivables Trust, Series 2020-1, Class B, 3.03% 202416 | 345 | 349 | |
Santander Drive Auto Receivables Trust, Series 2020-1, Class C, 4.11% 202516 | 1,000 | 1,043 | |
SMB Private Education Loan Trust, Series 2021-A, Class A2A2, (1-month USD-LIBOR + 0.73%) 0.814% 20537,14,16 | 7,547 | 7,590 | |
Sound Point CLO, Ltd., Series 2017-3A, Class A1R, (3-month USD-LIBOR + 0.98%) 1.114% 20307,14,16 | 5,530 | 5,531 | |
Sound Point CLO, Ltd., Series 2017-2A, Class AR, (3-month USD-LIBOR + 0.98%) 1.114% 20307,14,16 | 3,233 | 3,233 | |
Sound Point CLO, Ltd., Series 2015-1RA, Class AR, (3-month USD-LIBOR + 1.08%) 1.206% 20307,14,16 | 2,985 | 2,985 | |
SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 20757,16 | 4,430 | 4,430 | |
TAL Advantage V LLC, Series 2020-1A, Class A, 2.05% 20457,16 | 2,133 | 2,152 | |
TAL Advantage V LLC, Series 2020-1A, Class B, 3.29% 20457,16 | 239 | 243 | |
Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 20457,16 | 925 | 935 | |
Textainer Marine Containers, Ltd., Series 2021-1A, Class A, 1.68% 20467,16 | 1,032 | 1,019 | |
Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 20467,16 | 4,930 | 4,994 | |
TIF Funding II LLC, Series 2021-1A, Class A, 1.65% 20467,16 | 828 | 812 | |
Toyota Auto Loan Extended Note Trust, Series 2019-1, Class A, 2.56% 20317,16 | 3,250 | 3,410 | |
Toyota Auto Loan Extended Note Trust, Series 2020-1, Class A, 1.35% 20337,16 | 889 | 902 | |
Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 20347,14,16 | 7,257 | 7,249 | |
Triton Container Finance VIII LLC, Series 2020-1, Class A, 2.11% 20457,16 | 11,704 | 11,809 | |
Triton Container Finance VIII LLC, Series 2021-1, Class A, 1.86% 20467,16 | 3,151 | 3,131 | |
Westlake Automobile Receivables Trust, Series 2019-2A, Class B, 2.62% 20247,16 | 199 | 200 | |
Westlake Automobile Receivables Trust, Series 2019-2A, Class C, 2.84% 20247,16 | 1,390 | 1,402 | |
337,257 | |||
Bonds & notes of governments & government agencies outside the U.S. 0.18% | |||
CPPIB Capital, Inc. 2.25% 20227 | 4,286 | 4,314 | |
CPPIB Capital, Inc. 2.75% 20277 | 6,600 | 7,162 | |
European Investment Bank 0.75% 2026 | 6,194 | 6,113 | |
KfW 2.125% 2022 | 375 | 378 | |
Manitoba (Province of) 3.05% 2024 | 2,600 | 2,763 | |
Morocco (Kingdom of) 3.00% 20327 | 3,000 | 2,859 | |
Morocco (Kingdom of) 4.00% 20507 | 3,000 | 2,745 | |
Peru (Republic of) 1.862% 2032 | 2,525 | 2,300 | |
Peru (Republic of) 2.78% 2060 | 3,775 | 3,196 |
American Funds Insurance Series — Asset Allocation Fund — Page 112 of 242
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Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Qatar (State of) 3.375% 20247 | $2,315 | $2,464 | |
Qatar (State of) 4.00% 20297 | 745 | 848 | |
Qatar (State of) 4.817% 20497 | 750 | 967 | |
Quebec (Province of) 2.375% 2022 | 5,057 | 5,093 | |
Quebec (Province of) 2.75% 2027 | 9,000 | 9,726 | |
Saudi Arabia (Kingdom of) 3.25% 20307 | 1,750 | 1,877 | |
Saudi Arabia (Kingdom of) 5.25% 20507 | 1,000 | 1,296 | |
United Mexican States 2.659% 2031 | 2,703 | 2,614 | |
United Mexican States 3.771% 2061 | 1,528 | 1,360 | |
58,075 | |||
Federal agency bonds & notes 0.11% | |||
Fannie Mae 1.875% 2026 | 13,000 | 13,554 | |
Fannie Mae 0.875% 20309 | 23,958 | 22,622 | |
36,176 | |||
Municipals 0.11% California 0.01% | |||
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B, 2.746% 2034 | 495 | 495 | |
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B, 3.293% 2042 | 1,170 | 1,170 | |
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B, 3.00% 2046 | 2,795 | 2,795 | |
4,460 | |||
Connecticut 0.00% | |||
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-C-1, 4.00% 2044 | 20 | 21 | |
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-A-1, 4.00% 2044 | 15 | 15 | |
36 | |||
Florida 0.04% | |||
Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 1.705% 2027 | 5,335 | 5,424 | |
Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 2.154% 2030 | 5,365 | 5,427 | |
10,851 | |||
Guam 0.00% | |||
A.B. Won Pat International Airport Auth., General Rev. Bonds, Series 2021-A, 3.839% 2036 | 240 | 248 | |
A.B. Won Pat International Airport Auth., General Rev. Bonds, Series 2021-A, 4.46% 2043 | 315 | 327 | |
575 | |||
Illinois 0.02% | |||
G.O. Bonds, Pension Funding, Series 2003, Assured Guaranty Municipal insured, 5.10% 2033 | 4,125 | 4,886 | |
Maryland 0.00% | |||
Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Ref. Bonds, Series 2014-E, 2.857% 2040 | 25 | 26 | |
Minnesota 0.00% | |||
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-A, 4.00% 2038 | 50 | 52 |
American Funds Insurance Series — Asset Allocation Fund — Page 113 of 242
unaudited
Bonds, notes & other debt instruments (continued) Municipals (continued) Nebraska 0.00% | Principal amount (000) | Value (000) | |
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-A, 3.00% 2043 | $15 | $15 | |
New York 0.02% | |||
Dormitory Auth., Taxable State Personal Income Tax Rev. Bonds (General Purpose), Series 2021-C, 1.187% 2026 | 2,865 | 2,862 | |
Dormitory Auth., Taxable State Personal Income Tax Rev. Bonds (General Purpose), Series 2021-C, 1.748% 2028 | 4,745 | 4,763 | |
7,625 | |||
Ohio 0.02% | |||
Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), Series 2021, 4.425% 2031 | 5,185 | 5,449 | |
South Carolina 0.00% | |||
Housing Fin. Auth., Mortgage Rev. Ref. Bonds, Series 2014, AMT, 4.00% 2041 | 15 | 16 | |
South Dakota 0.00% | |||
Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2014-F, 4.00% 2034 | 5 | 5 | |
Tennessee 0.00% | |||
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 2043 | 5 | 5 | |
Total municipals | 34,001 | ||
Total bonds, notes & other debt instruments (cost: $6,615,217,000) | 6,792,015 | ||
Short-term securities 5.79% Money market investments 5.69% | Shares | ||
Capital Group Central Cash Fund 0.06%5,18 | 18,095,629 | 1,809,744 | |
Money market investments purchased with collateral from securities on loan 0.10% | |||
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%18,19 | 13,458,943 | 13,459 | |
Capital Group Central Cash Fund 0.06%5,18,19 | 117,099 | 11,711 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%18,19 | 5,445,264 | 5,445 | |
30,615 | |||
Total short-term securities (cost: $1,840,016,000) | 1,840,359 | ||
Total investment securities 103.28% (cost: $23,538,029,000) | 32,819,354 | ||
Other assets less liabilities (3.28)% | (1,042,805) | ||
Net assets 100.00% | $31,776,549 |
American Funds Insurance Series — Asset Allocation Fund — Page 114 of 242
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Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount20 (000) | Value at 9/30/202121 (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
2 Year U.S. Treasury Note Futures | Long | 989 | December 2021 | $197,800 | $217,634 | $(120) |
5 Year U.S. Treasury Note Futures | Short | 2,948 | December 2021 | (294,800) | (361,844) | 1,859 |
10 Year U.S. Treasury Note Futures | Short | 1,762 | December 2021 | (176,200) | (231,896) | 2,119 |
10 Year Ultra U.S. Treasury Note Futures | Short | 3,314 | December 2021 | (331,400) | (481,358) | 7,544 |
20 Year U.S. Treasury Bond Futures | Long | 677 | December 2021 | 67,700 | 107,791 | (2,520) |
30 Year Ultra U.S. Treasury Bond Futures | Short | 121 | December 2021 | (12,100) | (23,119) | 59 |
$8,941 |
Swap contracts
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium received (000) | Unrealized appreciation at 9/30/2021 (000) |
CDX.NA.IG.37 | 1.00%/Quarterly | 12/20/2026 | $92,820 | $(2,197) | $(2,201) | $4 |
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) | |
Common stocks 0.50% | |||||||
Health care 0.03% | |||||||
NuCana PLC (ADR)1 | $13,367 | $— | $— | $— | $(5,686) | $7,681 | $— |
Consumer discretionary 0.47% | |||||||
Kontoor Brands, Inc. | 150,072 | — | 36,658 | 14,043 | 22,393 | 149,850 | 4,000 |
Total common stocks | 157,531 | ||||||
Investment funds 5.29% | |||||||
Capital Group Central Corporate Bond Fund | — | 1,688,314 | — | — | (6,780) | 1,681,534 | 10,672 |
Short-term securities 5.73% | |||||||
Money market investments 5.69% | |||||||
Capital Group Central Cash Fund 0.06%18 | 2,273,691 | 3,054,058 | 3,517,993 | (2) | (10) | 1,809,744 | 1,247 |
Money market investments purchased with collateral from securities on loan 0.04% | |||||||
Capital Group Central Cash Fund 0.06%18,19 | — | 11,71122 | 11,711 | —23 | |||
Total short-term securities | 1,821,455 | ||||||
Total 11.52% | $14,041 | $9,917 | $3,660,520 | $15,919 |
American Funds Insurance Series — Asset Allocation Fund — Page 115 of 242
unaudited
1 | Security did not produce income during the last 12 months. |
2 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $1,210,004,000, which represented 3.81% of the net assets of the fund. This amount includes $1,116,553,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
3 | All or a portion of this security was on loan. The total value of all such securities was $33,054,000, which represented .10% of the net assets of the fund. |
4 | Value determined using significant unobservable inputs. |
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 | 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. Further details on these holdings appear below. |
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 $1,249,719,000, which represented 3.93% of the net assets of the fund. |
8 | Amount less than one thousand. |
9 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $12,775,000, which represented .04% of the net assets of the fund. |
10 | Index-linked bond whose principal amount moves with a government price index. |
11 | Step bond; coupon rate may change at a later date. |
12 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $15,429,000, which represented .05% of the net assets of the fund. |
13 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. |
14 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
15 | Scheduled interest and/or principal payment was not received. |
16 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
17 | Purchased on a TBA basis. |
18 | Rate represents the seven-day yield at 9/30/2021. |
19 | Security purchased with cash collateral from securities on loan. |
20 | Notional amount is calculated based on the number of contracts and notional contract size. |
21 | Value is calculated based on the notional amount and current market price. |
22 | Represents net activity. |
23 | Dividend income is included with securities lending income and is not shown in this table. |
Private placement securities | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Carbon Health Technologies, Inc., convertible preferred shares, 1.00% 2024 | 7/9/2021 | $50,000 | $50,000 | .16% |
Rotech Healthcare, Inc. | 9/26/2013 | 6,949 | 19,887 | .06 |
Total private placement securities | $ 56,949 | $ 69,887 | .22 % |
Key to abbreviations and symbol | ||
ADR = American Depositary Receipts | ||
Agcy. = Agency | ||
AMT = Alternative Minimum Tax | ||
Auth. = Authority | ||
CAD = Canadian dollars | ||
CLO = Collateralized Loan Obligations | ||
CMO = Collateralized Mortgage Obligations | ||
DAC = Designated Activity Company | ||
Dept. = Department | ||
Dev. = Development | ||
Fin. = Finance | ||
G.O. = General Obligation | ||
LIBOR = London Interbank Offered Rate | ||
Ref. = Refunding | ||
Rev. = Revenue | ||
SOFR = Secured Overnight Financing Rate | ||
TBA = To-be-announced | ||
USD/$ = U.S. dollars |
American Funds Insurance Series — Asset Allocation Fund — Page 116 of 242
unaudited
Common stocks 59.82% Information technology 14.81% | Shares | Value (000) | |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 635,000 | $13,094 | |
Microsoft Corp. | 42,262 | 11,915 | |
Broadcom, Inc. | 17,235 | 8,358 | |
ASML Holding NV1 | 10,149 | 7,487 | |
Tokyo Electron, Ltd.1 | 10,200 | 4,496 | |
PagSeguro Digital, Ltd., Class A2 | 80,837 | 4,181 | |
MediaTek, Inc.1 | 126,000 | 4,061 | |
Motorola Solutions, Inc. | 10,111 | 2,349 | |
Amadeus IT Group SA, Class A, non-registered shares1,2 | 31,986 | 2,101 | |
Keyence Corp.1 | 3,300 | 1,977 | |
Edenred SA1 | 31,981 | 1,723 | |
Amphenol Corp., Class A | 22,741 | 1,665 | |
Visa, Inc., Class A | 7,430 | 1,655 | |
Murata Manufacturing Co., Ltd.1 | 15,400 | 1,371 | |
66,433 | |||
Health care 8.41% | |||
AstraZeneca PLC1 | 48,118 | 5,793 | |
UnitedHealth Group, Inc. | 13,302 | 5,198 | |
Pfizer, Inc. | 112,650 | 4,845 | |
Danaher Corp. | 12,391 | 3,772 | |
Thermo Fisher Scientific, Inc. | 4,987 | 2,849 | |
Humana, Inc. | 7,314 | 2,846 | |
Mettler-Toledo International, Inc.2 | 1,706 | 2,350 | |
Coloplast A/S, Class B1 | 14,226 | 2,230 | |
Merck & Co., Inc. | 27,875 | 2,094 | |
Carl Zeiss Meditec AG, non-registered shares1 | 8,205 | 1,577 | |
Gilead Sciences, Inc. | 20,770 | 1,451 | |
Cigna Corp. | 5,771 | 1,155 | |
Novartis AG1 | 10,878 | 892 | |
Bayer AG1 | 11,799 | 643 | |
Organon & Co.2 | 1,695 | 56 | |
37,751 | |||
Financials 7.54% | |||
JPMorgan Chase & Co. | 50,104 | 8,202 | |
Berkshire Hathaway, Inc., Class A2 | 13 | 5,348 | |
Berkshire Hathaway, Inc., Class B2 | 1,080 | 295 | |
Brookfield Asset Management, Inc., Class A (CAD denominated) | 56,681 | 3,037 | |
Aon PLC, Class A | 9,816 | 2,805 | |
Zurich Insurance Group AG1 | 5,754 | 2,346 | |
Hong Kong Exchanges and Clearing, Ltd.1 | 35,100 | 2,130 | |
BlackRock, Inc. | 2,478 | 2,078 | |
S&P Global, Inc. | 4,851 | 2,061 | |
AIA Group, Ltd.1 | 170,000 | 1,957 | |
FinecoBank SpA1,2 | 74,087 | 1,343 |
American Funds Insurance Series — Global Balanced Fund — Page 117 of 242
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Legal & General Group PLC1 | 353,483 | $1,335 | |
B3 SA-Brasil, Bolsa, Balcao | 378,089 | 885 | |
Brookfield Asset Management Reinsurance Partners, Ltd., Class A (CAD denominated) | 405 | 22 | |
33,844 | |||
Consumer discretionary 6.89% | |||
Home Depot, Inc. | 32,055 | 10,523 | |
LVMH Moët Hennessy-Louis Vuitton SE1 | 6,018 | 4,303 | |
Domino’s Pizza, Inc. | 8,144 | 3,884 | |
Darden Restaurants, Inc. | 16,339 | 2,475 | |
Amazon.com, Inc.2 | 741 | 2,434 | |
Restaurant Brands International, Inc. (CAD denominated) | 28,449 | 1,743 | |
Booking Holdings, Inc.2 | 688 | 1,633 | |
General Motors Company2 | 28,388 | 1,496 | |
Industria de Diseño Textil, SA1 | 31,369 | 1,141 | |
Stellantis NV1 | 46,646 | 893 | |
Wynn Resorts, Ltd.2 | 4,407 | 374 | |
30,899 | |||
Consumer staples 6.60% | |||
Nestlé SA1 | 69,683 | 8,384 | |
Philip Morris International, Inc. | 58,202 | 5,517 | |
Altria Group, Inc. | 68,647 | 3,125 | |
Kweichow Moutai Co., Ltd., Class A1 | 10,100 | 2,862 | |
Keurig Dr Pepper, Inc. | 80,996 | 2,767 | |
British American Tobacco PLC1 | 73,666 | 2,570 | |
British American Tobacco PLC (ADR) | 3,765 | 133 | |
Ocado Group PLC1,2 | 74,702 | 1,662 | |
Coca-Cola Europacific Partners PLC | 16,971 | 938 | |
Procter & Gamble Company | 6,303 | 881 | |
Budweiser Brewing Co. APAC, Ltd.1 | 308,000 | 775 | |
29,614 | |||
Industrials 5.03% | |||
SITC International Holdings Co., Ltd.1 | 908,000 | 3,237 | |
Airbus SE, non-registered shares1,2 | 21,438 | 2,815 | |
Spirax-Sarco Engineering PLC1 | 10,495 | 2,109 | |
SMC Corp.1 | 3,000 | 1,877 | |
Lockheed Martin Corp. | 5,317 | 1,835 | |
Nidec Corp.1 | 14,600 | 1,620 | |
BAE Systems PLC1 | 196,915 | 1,488 | |
Watsco, Inc. | 5,370 | 1,421 | |
MTU Aero Engines AG1 | 6,065 | 1,371 | |
CSX Corp. | 39,883 | 1,186 | |
Rockwell Automation | 3,379 | 993 | |
United Parcel Service, Inc., Class B | 5,259 | 958 | |
Boeing Company2 | 3,951 | 869 | |
Union Pacific Corp. | 4,116 | 807 | |
22,586 | |||
Communication services 2.72% | |||
Alphabet, Inc., Class C2 | 1,410 | 3,758 | |
SoftBank Corp.1 | 243,600 | 3,307 | |
Verizon Communications, Inc. | 48,561 | 2,623 |
American Funds Insurance Series — Global Balanced Fund — Page 118 of 242
unaudited
Common stocks (continued) Communication services (continued) | Shares | Value (000) | |
Nintendo Co., Ltd.1 | 3,700 | $1,800 | |
América Móvil, SAB de CV, Series L (ADR) | 40,128 | 709 | |
12,197 | |||
Materials 2.68% | |||
Croda International PLC1 | 25,720 | 2,937 | |
Givaudan SA1 | 536 | 2,448 | |
Vale SA, ordinary nominative shares | 115,518 | 1,618 | |
Koninklijke DSM NV1 | 7,200 | 1,439 | |
LyondellBasell Industries NV | 14,127 | 1,326 | |
Akzo Nobel NV1 | 11,959 | 1,302 | |
Rio Tinto PLC1 | 14,149 | 934 | |
12,004 | |||
Real estate 2.26% | |||
Crown Castle International Corp. REIT | 15,285 | 2,649 | |
Equinix, Inc. REIT | 2,831 | 2,237 | |
American Tower Corp. REIT | 6,426 | 1,706 | |
Gaming and Leisure Properties, Inc. REIT | 35,302 | 1,635 | |
Longfor Group Holdings, Ltd.1 | 305,000 | 1,402 | |
Shimao Group Holdings, Ltd.1 | 277,000 | 505 | |
10,134 | |||
Energy 2.24% | |||
TC Energy Corp. (CAD denominated) | 55,194 | 2,656 | |
BP PLC1 | 521,229 | 2,361 | |
Baker Hughes Co., Class A | 71,050 | 1,757 | |
Chevron Corp. | 12,980 | 1,317 | |
Pioneer Natural Resources Company | 7,112 | 1,184 | |
Petróleo Brasileiro SA (Petrobras), ordinary nominative shares (ADR) | 75,775 | 784 | |
10,059 | |||
Utilities 0.64% | |||
Enel SpA1 | 240,574 | 1,847 | |
Brookfield Infrastructure Partners LP | 18,431 | 1,037 | |
2,884 | |||
Total common stocks (cost: $172,650,000) | 268,405 | ||
Preferred securities 0.32% Information technology 0.32% | |||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 24,713 | 1,446 | |
Total preferred securities (cost: $1,260,000) | 1,446 | ||
Convertible stocks 0.31% Utilities 0.31% | |||
AES Corp., convertible preferred units, 6.875% 2024 | 14,300 | 1,379 | |
Total convertible stocks (cost: $1,430,000) | 1,379 |
American Funds Insurance Series — Global Balanced Fund — Page 119 of 242
unaudited
Bonds, notes & other debt instruments 30.32% Bonds & notes of governments & government agencies outside the U.S. 13.92% | Principal amount (000) | Value (000) | |
Abu Dhabi (Emirate of) 2.50% 20223 | $200 | $204 | |
Abu Dhabi (Emirate of) 0.75% 20233 | 275 | 276 | |
Agricultural Development Bank of China 3.75% 2029 | CNY550 | 88 | |
Agricultural Development Bank of China 2.96% 2030 | 4,350 | 656 | |
Australia (Commonwealth of), Series 152, 2.75% 2028 | A$710 | 570 | |
Australia (Commonwealth of), Series 163, 1.00% 2031 | 660 | 455 | |
Australia (Commonwealth of), Series 162, 1.75% 2051 | 230 | 144 | |
Brazil (Federative Republic of) 6.00% 20244 | BRL3,082 | 591 | |
Canada 2.25% 2025 | C$1,400 | 1,159 | |
Canada 0.25% 2026 | 570 | 435 | |
Canada 2.25% 2029 | 1,265 | 1,068 | |
China (People’s Republic of), Series 1916, 3.12% 2026 | CNY6,650 | 1,048 | |
China (People’s Republic of), Series INBK, 2.85% 2027 | 7,000 | 1,084 | |
China (People’s Republic of), Series 1906, 3.29% 2029 | 5,500 | 875 | |
China (People’s Republic of), Series 1910, 3.86% 2049 | 4,610 | 761 | |
China (People’s Republic of), Series INBK, 3.39% 2050 | 300 | 45 | |
China (People’s Republic of), Series INBK, 3.81% 2050 | 10,280 | 1,689 | |
China Development Bank Corp., Series 2008, 2.89% 2025 | 3,240 | 500 | |
China Development Bank Corp., Series 2004, 3.43% 2027 | 1,060 | 167 | |
China Development Bank Corp., Series 1805, 4.04% 2028 | 8,230 | 1,332 | |
China Development Bank Corp., Series 1805, 4.88% 2028 | 2,040 | 345 | |
China Development Bank Corp., Series 1905, 3.48% 2029 | 8,080 | 1,266 | |
Colombia (Republic of), Series B, 5.75% 2027 | COP2,118,800 | 524 | |
Czech Republic 0% 2024 | CZK1,000 | 43 | |
Czech Republic 1.25% 2025 | 13,000 | 579 | |
French Republic O.A.T. 0% 2030 | €1,320 | 1,521 | |
French Republic O.A.T. 3.25% 2045 | 160 | 288 | |
Germany (Federal Republic of) 0% 2025 | 742 | 882 | |
Germany (Federal Republic of) 0.25% 2029 | 600 | 729 | |
Germany (Federal Republic of) 0% 2030 | 589 | 700 | |
Germany (Federal Republic of) 0% 2036 | 160 | 184 | |
Germany (Federal Republic of) 0% 2050 | 540 | 577 | |
Germany (Federal Republic of) 0% 2052 | 753 | 793 | |
Greece (Hellenic Republic of) 3.375% 2025 | 300 | 389 | |
Greece (Hellenic Republic of) 0% 2026 | 225 | 260 | |
Greece (Hellenic Republic of) 3.75% 2028 | 280 | 395 | |
Greece (Hellenic Republic of) 3.875% 2029 | 270 | 389 | |
Hungary (Republic of) 2.125% 20313 | $460 | 454 | |
Hungary (Republic of) 3.125% 20513 | 200 | 197 | |
India (Republic of) 5.15% 2025 | INR28,000 | 374 | |
Indonesia (Republic of), Series 78, 8.25% 2029 | IDR4,301,000 | 339 | |
Indonesia (Republic of), Series 82, 7.00% 2030 | 1,000,000 | 73 | |
Indonesia (Republic of), Series 87, 6.50% 2031 | 2,010,000 | 142 | |
Indonesia (Republic of), Series 74, 7.50% 2032 | 597,000 | 45 | |
Indonesia (Republic of), Series 65, 6.625% 2033 | 1,493,000 | 105 | |
Israel (State of) 2.875% 2024 | €200 | 249 | |
Israel (State of) 1.50% 2027 | 100 | 125 | |
Italy (Republic of) 0.10% 20234 | 791 | 952 | |
Italy (Republic of) 0.95% 2027 | 246 | 296 | |
Italy (Republic of) 0.25% 2028 | 820 | 940 | |
Italy (Republic of) 1.35% 2030 | 660 | 807 | |
Japan, Series 17, 0.10% 20234 | ¥10,520 | 96 | |
Japan, Series 19, 0.10% 20244 | 30,540 | 280 | |
Japan, Series 18, 0.10% 20244 | 20,920 | 191 | |
Japan, Series 145, 0.10% 2025 | 89,400 | 810 |
American Funds Insurance Series — Global Balanced Fund — Page 120 of 242
unaudited
Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Japan, Series 21, 0.10% 20264 | ¥40,741 | $374 | |
Japan, Series 346, 0.10% 2027 | 173,250 | 1,572 | |
Japan, Series 22, 0.10% 20274 | 25,538 | 236 | |
Japan, Series 23, 0.10% 20284 | 66,715 | 616 | |
Japan, Series 24, 0.10% 20294 | 214,649 | 1,987 | |
Japan, Series 360, 0.10% 2030 | 341,700 | 3,091 | |
Japan, Series 363, 0.10% 2031 | 56,000 | 505 | |
Japan, Series 152, 1.20% 2035 | 264,400 | 2,687 | |
Japan, Series 42, 1.70% 2044 | 94,100 | 1,058 | |
Japan, Series 37, 0.60% 2050 | 26,950 | 239 | |
Japan, Series 70, 0.70% 2051 | 13,050 | 118 | |
Malaysia (Federation of), Series 0119, 3.906% 2026 | MYR1,380 | 345 | |
Malaysia (Federation of), Series 0417, 3.899% 2027 | 600 | 149 | |
Malaysia (Federation of), Series 0219, 3.885% 2029 | 520 | 129 | |
Malaysia (Federation of), Series 0318, 4.642% 2033 | 400 | 103 | |
Malaysia (Federation of), Series 0418, 4.893% 2038 | 2,800 | 734 | |
Malaysia (Federation of), Series 0519, 3.757% 2040 | 1,650 | 377 | |
Malaysia (Federation of), Series 0216, 4.736% 2046 | 409 | 104 | |
Malaysia (Federation of), Series 0417, 4.895% 2047 | 55 | 14 | |
Malaysia (Federation of), Series 0518, 4.921% 2048 | 278 | 73 | |
Malaysia (Federation of), Series 0519, 4.638% 2049 | 378 | 92 | |
Malaysia (Federation of), Series 0120, 4.065% 2050 | 389 | 90 | |
Morocco (Kingdom of) 3.50% 2024 | €100 | 126 | |
Morocco (Kingdom of) 1.50% 2031 | 100 | 107 | |
National Highways Authority of India 7.17% 2021 | INR30,000 | 407 | |
Netherlands (Kingdom of the) 5.50% 2028 | €100 | 159 | |
Norway (Kingdom of) 1.75% 2025 | NKr4,500 | 523 | |
Nova Scotia (Province of) 3.15% 2051 | C$170 | 144 | |
Peru (Republic of) 2.392% 2026 | $90 | 92 | |
Philippines (Republic of) 0.001% 2024 | ¥100,000 | 893 | |
Philippines (Republic of) 0.25% 2025 | €100 | 116 | |
Philippines (Republic of) 1.648% 2031 | $200 | 191 | |
Poland (Republic of), Series 0725, 3.25% 2025 | PLN1,800 | 487 | |
Poland (Republic of), Series 1029, 2.75% 2029 | 410 | 109 | |
Qatar (State of) 3.40% 20253 | $200 | 216 | |
Romania 1.75% 2030 | €210 | 238 | |
Romania 3.624% 2030 | 517 | 675 | |
Romania 2.00% 2032 | 100 | 113 | |
Romania 2.00% 2033 | 540 | 598 | |
Romania 3.50% 2034 | 65 | 83 | |
Romania 3.875% 2035 | 145 | 189 | |
Romania 3.375% 2038 | 80 | 96 | |
Romania 4.625% 2049 | 39 | 53 | |
Romania 3.375% 2050 | 73 | 83 | |
Russian Federation 7.00% 2023 | RUB16,600 | 228 | |
Russian Federation 2.875% 2025 | €200 | 254 | |
Russian Federation 2.875% 2025 | 100 | 127 | |
Russian Federation 4.25% 2027 | $200 | 223 | |
Russian Federation 4.375% 2029 | 200 | 227 | |
Russian Federation 6.90% 2029 | RUB28,250 | 383 | |
Russian Federation 7.65% 2030 | 38,320 | 543 | |
Russian Federation 5.90% 2031 | 5,620 | 71 | |
Russian Federation 8.50% 2031 | 5,530 | 83 | |
Russian Federation 7.70% 2033 | 23,030 | 327 | |
Russian Federation 7.25% 2034 | 8,140 | 111 |
American Funds Insurance Series — Global Balanced Fund — Page 121 of 242
unaudited
Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Saudi Arabia (Kingdom of) 2.894% 20223 | $200 | $203 | |
Serbia (Republic of) 3.125% 2027 | €640 | 816 | |
Serbia (Republic of) 3.125% 2027 | 125 | 159 | |
Serbia (Republic of) 2.05% 2036 | 185 | 201 | |
South Korea (Republic of), Series 2209, 2.00% 2022 | KRW560,000 | 477 | |
Spain (Kingdom of) 1.25% 2030 | €480 | 603 | |
Spain (Kingdom of) 0.50% 2031 | 325 | 378 | |
Tunisia (Republic of) 6.75% 2023 | 150 | 152 | |
Ukraine 6.75% 2026 | 150 | 189 | |
Ukraine 6.876% 20293 | $250 | 254 | |
United Kingdom 1.75% 2022 | £280 | 383 | |
United Kingdom 2.75% 2024 | 50 | 72 | |
United Kingdom 0.125% 2026 | 620 | 820 | |
United Kingdom 0.375% 2030 | 730 | 933 | |
United Kingdom 4.75% 2030 | 460 | 827 | |
United Kingdom 4.25% 2032 | 280 | 498 | |
United Kingdom 0.875% 2033 | 230 | 302 | |
United Kingdom 3.25% 2044 | 250 | 457 | |
United Kingdom 0.625% 2050 | 95 | 105 | |
United Kingdom 1.25% 2051 | 114 | 148 | |
United Mexican States, Series M, 7.50% 2027 | MXN20,240 | 997 | |
United Mexican States, Series M20, 8.50% 2029 | 11,500 | 597 | |
United Mexican States, Series M, 7.75% 2031 | 5,000 | 249 | |
United Mexican States, Series M, 8.00% 2047 | 4,000 | 196 | |
62,470 | |||
U.S. Treasury bonds & notes 10.68% U.S. Treasury 10.61% | |||
U.S. Treasury 0.125% 2022 | $6,822 | 6,822 | |
U.S. Treasury 0.125% 2022 | 510 | 510 | |
U.S. Treasury 1.875% 2022 | 700 | 704 | |
U.S. Treasury 0.125% 2023 | 516 | 516 | |
U.S. Treasury 0.25% 2025 | 1,704 | 1,670 | |
U.S. Treasury 0.375% 2025 | 8,782 | 8,616 | |
U.S. Treasury 0.625% 2026 | 500 | 492 | |
U.S. Treasury 0.75% 2026 | 2,075 | 2,061 | |
U.S. Treasury 0.875% 2026 | 454 | 453 | |
U.S. Treasury 2.25% 2027 | 300 | 319 | |
U.S. Treasury 2.875% 2028 | 1,275 | 1,407 | |
U.S. Treasury 2.875% 2028 | 700 | 774 | |
U.S. Treasury 0.625% 2030 | 2,640 | 2,465 | |
U.S. Treasury 0.625% 2030 | 650 | 605 | |
U.S. Treasury 0.875% 20305 | 11,863 | 11,263 | |
U.S. Treasury 1.625% 2031 | 375 | 380 | |
U.S. Treasury 1.875% 2041 | 1,345 | 1,315 | |
U.S. Treasury 2.25% 2041 | 525 | 546 | |
U.S. Treasury 2.875% 2046 | 400 | 463 | |
U.S. Treasury 1.25% 2050 | 140 | 114 | |
U.S. Treasury 1.375% 20505 | 6,249 | 5,271 | |
U.S. Treasury 2.00% 2051 | 350 | 344 | |
U.S. Treasury 2.375% 2051 | 490 | 523 | |
47,633 |
American Funds Insurance Series — Global Balanced Fund — Page 122 of 242
unaudited
Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury inflation-protected securities 0.07% | Principal amount (000) | Value (000) | |
U.S. Treasury Inflation-Protected Security 1.00% 20494 | $228 | $305 | |
Total U.S. Treasury bonds & notes | 47,938 | ||
Corporate bonds, notes & loans 4.67% Financials 1.43% | |||
ACE INA Holdings, Inc. 2.875% 2022 | 10 | 10 | |
ACE INA Holdings, Inc. 3.35% 2026 | 10 | 11 | |
ACE INA Holdings, Inc. 4.35% 2045 | 20 | 25 | |
Allianz SE 4.75% perpetual bonds (3-month EUR-EURIBOR + 3.60% on 10/24/2023)6 | €100 | 126 | |
Bank of America Corp. 0.976% 2025 (USD-SOFR + 0.69% on 4/22/2024)6 | $200 | 201 | |
Bank of America Corp. 1.319% 2026 (USD-SOFR + 1.15% on 6/19/2025)6 | 500 | 500 | |
Bank of America Corp. 1.734% 2027 (USD-SOFR + 0.96% on 7/22/2026)6 | 160 | 161 | |
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027)6 | 236 | 256 | |
Bank of America Corp. 2.496% 2031 (3-month USD-LIBOR + 0.99% on 2/13/2030)6 | 20 | 20 | |
Citigroup, Inc. 0.981% 2025 (USD-SOFR + 0.669% on 5/1/2024)6 | 103 | 103 | |
Citigroup, Inc. 3.106% 2026 (USD-SOFR + 2.842% on 3/8/2026)6 | 175 | 186 | |
Citigroup, Inc. 1.462% 2027 (USD-SOFR + 0.67% on 6/9/2026)6 | 310 | 308 | |
Commonwealth Bank of Australia 2.688% 20313 | 225 | 224 | |
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022)6 | 130 | 133 | |
Goldman Sachs Group, Inc. 3.50% 2025 | 207 | 223 | |
Goldman Sachs Group, Inc. 2.615% 2032 (USD-SOFR + 1.281% on 4/22/2031)6 | 130 | 132 | |
Goldman Sachs Group, Inc. 1.00% 20333 | €210 | 244 | |
Goldman Sachs Group, Inc. 4.017% 2038 (3-month USD-LIBOR + 1.373% on 10/31/2037)6 | $78 | 90 | |
Groupe BPCE SA 0.64% 2022 | ¥100,000 | 900 | |
Groupe BPCE SA 5.70% 20233 | $200 | 219 | |
Groupe BPCE SA 1.00% 2025 | €100 | 120 | |
HSBC Holdings PLC 4.292% 2026 (3-month USD-LIBOR + 1.348% on 9/12/2025)6 | $200 | 221 | |
JPMorgan Chase & Co. 3.25% 2022 | 28 | 29 | |
JPMorgan Chase & Co. 1.578% 2027 (USD-SOFR + 0.885% on 4/22/2026)6 | 186 | 186 | |
JPMorgan Chase & Co. 4.493% 2031 (USD-SOFR + 3.79% on 3/24/2030)6 | 160 | 187 | |
Morgan Stanley 0.985% 2026 (USD-SOFR + 0.72% on 12/10/2025)6 | 200 | 197 | |
Morgan Stanley 3.125% 2026 | 110 | 118 | |
Morgan Stanley 1.593% 2027 (USD-SOFR + 0.879% on 5/4/2026)6 | 126 | 126 | |
Morgan Stanley 2.699% 2031 (USD-SOFR + 1.143% on 1/22/2030)6 | 72 | 74 | |
New York Life Insurance Company 3.75% 20503 | 23 | 26 | |
PNC Financial Services Group, Inc. 2.854% 20226 | 100 | 103 | |
Rabobank Nederland 3.875% 2023 | €100 | 124 | |
Royal Bank of Canada 1.20% 2026 | $175 | 174 | |
Skandinaviska Enskilda Banken AB 2.80% 2022 | 250 | 253 | |
Wells Fargo & Company 2.393% 2028 (USD-SOFR + 2.10% on 6/2/2027)6 | 400 | 413 | |
6,423 | |||
Utilities 0.84% | |||
Berkshire Hathaway Energy Company 3.70% 2030 | 25 | 28 | |
Berkshire Hathaway Energy Company 1.65% 2031 | 175 | 168 | |
CMS Energy Corp. 3.00% 2026 | 150 | 160 | |
Duke Energy Carolinas, LLC 3.05% 2023 | 280 | 290 | |
Duke Energy Progress, LLC 3.70% 2028 | 75 | 84 | |
Edison International 4.125% 2028 | 160 | 171 | |
Enel Finance International SA 3.50% 20283 | 200 | 219 | |
Enersis Américas SA 4.00% 2026 | 35 | 38 | |
Exelon Corp. 3.40% 2026 | 150 | 162 | |
Exelon Corp., junior subordinated, 3.497% 20226 | 25 | 25 | |
FirstEnergy Corp. 3.50% 20283 | 35 | 38 |
American Funds Insurance Series — Global Balanced Fund — Page 123 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
Interstate Power and Light Co. 2.30% 2030 | $50 | $50 | |
NextEra Energy Capital Holdings, Inc. 2.75% 2029 | 234 | 245 | |
NextEra Energy Capital Holdings, Inc. 2.25% 2030 | 478 | 481 | |
Niagara Mohawk Power Corp. 3.508% 20243 | 85 | 91 | |
Pacific Gas and Electric Co. 2.95% 2026 | 25 | 26 | |
Pacific Gas and Electric Co. 2.10% 2027 | 100 | 98 | |
Pacific Gas and Electric Co. 3.00% 2028 | 140 | 143 | |
Pacific Gas and Electric Co. 4.65% 2028 | 114 | 125 | |
Pacific Gas and Electric Co. 4.55% 2030 | 31 | 33 | |
Pacific Gas and Electric Co. 2.50% 2031 | 600 | 571 | |
Pacific Gas and Electric Co. 3.25% 2031 | 50 | 50 | |
Pacific Gas and Electric Co. 3.50% 2050 | 137 | 125 | |
State Grid Overseas Investment, Ltd. 1.25% 2022 | €100 | 117 | |
Xcel Energy, Inc. 3.35% 2026 | $216 | 234 | |
3,772 | |||
Communication services 0.57% | |||
AT&T, Inc. 2.75% 2031 | 375 | 386 | |
AT&T, Inc. 2.55% 2033 | 64 | 63 | |
Comcast Corp. 0% 2026 | €100 | 115 | |
Comcast Corp. 0.25% 2029 | 100 | 114 | |
Deutsche Telekom International Finance BV 9.25% 2032 | $45 | 74 | |
France Télécom 9.00% 20316 | 65 | 101 | |
KT Corp. 0.22% 2022 | ¥100,000 | 898 | |
T-Mobile US, Inc. 2.05% 2028 | $200 | 202 | |
Verizon Communications, Inc. 0.375% 2029 | €140 | 161 | |
Verizon Communications, Inc. 2.55% 2031 | $325 | 329 | |
Verizon Communications, Inc. 0.75% 2032 | €100 | 115 | |
2,558 | |||
Energy 0.50% | |||
Canadian Natural Resources, Ltd. 2.95% 2030 | $161 | 167 | |
Enbridge, Inc. 4.25% 2026 | 70 | 79 | |
Enbridge, Inc. 3.70% 2027 | 45 | 50 | |
Enbridge, Inc. 3.40% 2051 | 39 | 39 | |
Energy Transfer Operating LP 5.00% 2050 | 315 | 364 | |
Halliburton Company 3.80% 2025 | 3 | 3 | |
MPLX LP 2.65% 2030 | 75 | 75 | |
MPLX LP 5.50% 2049 | 215 | 273 | |
ONEOK, Inc. 4.45% 2049 | 255 | 286 | |
Petróleos Mexicanos 7.19% 2024 | MXN3,363 | 156 | |
Petróleos Mexicanos 7.47% 2026 | 5,330 | 232 | |
Qatar Petroleum 3.125% 20413 | $270 | 270 | |
SA Global Sukuk, Ltd. 2.694% 20313 | 200 | 202 | |
Statoil ASA 3.70% 2024 | 50 | 54 | |
2,250 | |||
Consumer discretionary 0.32% | |||
Amazon.com, Inc. 2.80% 2024 | 45 | 48 | |
Amazon.com, Inc. 1.20% 2027 | 50 | 50 | |
Amazon.com, Inc. 2.50% 2050 | 305 | 286 | |
Bayerische Motoren Werke AG 3.90% 20253 | 70 | 76 | |
Bayerische Motoren Werke AG 4.15% 20303 | 70 | 81 | |
General Motors Financial Co. 2.40% 2028 | 150 | 151 |
American Funds Insurance Series — Global Balanced Fund — Page 124 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Hyundai Capital America 3.25% 20223 | $65 | $67 | |
Hyundai Capital America 1.50% 20263 | 250 | 247 | |
Hyundai Capital America 2.375% 20273 | 109 | 111 | |
Hyundai Capital Services, Inc. 3.75% 20233 | 250 | 260 | |
Toyota Motor Credit Corp. 3.375% 2030 | 33 | 37 | |
1,414 | |||
Consumer staples 0.29% | |||
Altria Group, Inc. 1.00% 2023 | €110 | 129 | |
Altria Group, Inc. 2.20% 2027 | 270 | 337 | |
Anheuser-Busch InBev NV 4.00% 2028 | $100 | 113 | |
Anheuser-Busch InBev NV 4.75% 2029 | 220 | 259 | |
British American Tobacco PLC 3.215% 2026 | 62 | 66 | |
British American Tobacco PLC 3.557% 2027 | 105 | 113 | |
British American Tobacco PLC 3.462% 2029 | 75 | 79 | |
Keurig Dr Pepper, Inc. 4.597% 2028 | 175 | 204 | |
1,300 | |||
Health care 0.28% | |||
Aetna, Inc. 2.80% 2023 | 10 | 10 | |
Amgen, Inc. 1.90% 2025 | 40 | 41 | |
Amgen, Inc. 2.20% 2027 | 30 | 31 | |
AstraZeneca Finance LLC 2.25% 2031 | 9 | 9 | |
AstraZeneca PLC 3.50% 2023 | 150 | 159 | |
AstraZeneca PLC 3.00% 2051 | 36 | 37 | |
Becton, Dickinson and Company 3.734% 2024 | 10 | 11 | |
Becton, Dickinson and Company 3.70% 2027 | 43 | 48 | |
Becton, Dickinson and Company 2.823% 2030 | 28 | 29 | |
Cigna Corp. 4.125% 2025 | 80 | 89 | |
EMD Finance LLC 3.25% 20253 | 250 | 267 | |
Medtronic, Inc. 3.50% 2025 | 31 | 34 | |
Stryker Corp. 0.75% 2029 | €210 | 248 | |
Takeda Pharmaceutical Company, Ltd. 2.25% 2026 | 100 | 128 | |
Thermo Fisher Scientific, Inc. 4.133% 2025 | $84 | 92 | |
1,233 | |||
Real estate 0.19% | |||
American Campus Communities, Inc. 3.75% 2023 | 100 | 104 | |
American Campus Communities, Inc. 4.125% 2024 | 90 | 98 | |
American Tower Corp. 0.875% 2029 | €250 | 292 | |
Equinix, Inc. 2.15% 2030 | $197 | 193 | |
Essex Portfolio LP 3.50% 2025 | 120 | 129 | |
Essex Portfolio LP 3.375% 2026 | 40 | 43 | |
859 | |||
Information technology 0.13% | |||
Broadcom, Inc. 3.15% 2025 | 17 | 18 | |
Broadcom, Inc. 4.15% 2030 | 70 | 77 | |
Broadcom, Inc. 3.419% 20333 | 53 | 55 | |
Microsoft Corp. 2.40% 2026 | 187 | 199 | |
Oracle Corp. 2.65% 2026 | 216 | 228 | |
577 |
American Funds Insurance Series — Global Balanced Fund — Page 125 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials 0.10% | Principal amount (000) | Value (000) | |
Carrier Global Corp. 2.242% 2025 | $36 | $37 | |
Carrier Global Corp. 2.493% 2027 | 30 | 31 | |
CSX Corp. 3.80% 2050 | 6 | 7 | |
CSX Corp. 2.50% 2051 | 75 | 68 | |
Lima Metro Line 2 Finance, Ltd. 5.875% 20343 | 101 | 119 | |
United Technologies Corp. 4.125% 2028 | 170 | 194 | |
456 | |||
Materials 0.02% | |||
Vale Overseas, Ltd. 3.75% 2030 | 94 | 98 | |
Total corporate bonds, notes & loans | 20,940 | ||
Mortgage-backed obligations 0.99% Other mortgage-backed securities 0.76% | |||
Korea Housing Finance Corp. 2.00% 20213,7 | 250 | 250 | |
Nordea Kredit 0.50% 20407 | DKr1,741 | 255 | |
Nykredit Realkredit AS, Series 01E, 1.50% 20377 | 608 | 97 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20407 | 7,763 | 1,136 | |
Nykredit Realkredit AS, Series 01E, 1.50% 20407 | 1,536 | 245 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20437 | 8,468 | 1,225 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20507 | 1,429 | 201 | |
3,409 | |||
Federal agency mortgage-backed obligations 0.23% | |||
Government National Mortgage Assn. Pool #MA5986 4.00% 20497 | $9 | 10 | |
Uniform Mortgage-Backed Security 2.50% 20517,8 | 990 | 1,019 | |
1,029 | |||
Total mortgage-backed obligations | 4,438 | ||
Municipals 0.04% Ohio 0.02% | |||
Turnpike and Infrastructure Commission, Turnpike Rev. Ref. Bonds (Infrastructure Projects), Series 2020-A, 3.216% 2048 | 100 | 103 | |
Texas 0.02% | |||
Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 2052 | 80 | 82 | |
Total municipals | 185 | ||
Asset-backed obligations 0.02% | |||
OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20593,7,9 | 81 | 81 | |
Total bonds, notes & other debt instruments (cost: $136,460,000) | 136,052 | ||
Short-term securities 9.23% Money market investments 7.06% | Shares | ||
Capital Group Central Cash Fund 0.06%10,11 | 316,700 | 31,673 | |
U.S. Treasury bills 2.00% | Weighted average yield at acquisition | Principal amount (000) | |
U.S. Treasury 4/21/2022 | 0.047% | $9,000 | 8,998 |
American Funds Insurance Series — Global Balanced Fund — Page 126 of 242
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Short-term securities (continued) Bills & notes of governments & government agencies outside the U.S. 0.17% | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Egyptian Treasury 10/19/2021 | 11.994% | EGP1,700 | $107 |
Egyptian Treasury 10/26/2021 | 12.115 | 8,600 | 543 |
Egyptian Treasury 1/4/2022 | 12.011 | 1,700 | 105 |
755 | |||
Total short-term securities (cost: $41,425,000) | 41,426 | ||
Total investment securities 100.00% (cost: $353,225,000) | 448,708 | ||
Other assets less liabilities (0.00)%12 | (9) | ||
Net assets 100.00% | $448,699 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount13 (000) | Value at 9/30/202114 (000) | Unrealized appreciation (depreciation) at 9/30/2021 (000) |
5 Year U.S. Treasury Note Futures | Short | 5 | December 2021 | $(500) | $(614) | $1 |
10 Year Euro-Bund Futures | Short | 1 | December 2021 | €(100) | (197) | 3 |
10 Year Italy Government Bond Futures | Short | 7 | December 2021 | (700) | (1,232) | 20 |
10 Year U.S. Treasury Note Futures | Short | 2 | December 2021 | $(200) | (263) | 4 |
10 Year Ultra U.S. Treasury Note Futures | Short | 22 | December 2021 | (2,200) | (3,195) | 59 |
20 Year U.S. Treasury Bond Futures | Long | 2 | December 2021 | 200 | 318 | (8) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 2 | December 2021 | 200 | 382 | (12) |
$67 |
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 9/30/2021 (000) | |
Purchases (000) | Sales (000) | |||
USD520 | PLN2,000 | Morgan Stanley | 10/12/2021 | $17 |
EUR434 | PLN1,970 | Citibank | 10/12/2021 | 8 |
CAD10 | USD8 | BNP Paribas | 10/12/2021 | —15 |
EUR544 | CZK13,830 | Bank of America | 10/12/2021 | (2) |
PLN2,000 | USD525 | UBS AG | 10/12/2021 | (22) |
USD593 | MXN11,865 | Morgan Stanley | 10/13/2021 | 20 |
USD543 | CZK11,700 | UBS AG | 10/13/2021 | 9 |
USD376 | AUD510 | Goldman Sachs | 10/13/2021 | 7 |
USD146 | NZD204 | Morgan Stanley | 10/13/2021 | 5 |
USD580 | ILS1,860 | Bank of America | 10/13/2021 | 3 |
CZK11,700 | EUR460 | UBS AG | 10/13/2021 | 2 |
CNH1,300 | USD201 | HSBC Bank | 10/13/2021 | —15 |
EUR1,538 | DKK11,440 | Citibank | 10/13/2021 | —15 |
GBP200 | EUR234 | UBS AG | 10/13/2021 | (2) |
JPY15,300 | USD139 | HSBC Bank | 10/13/2021 | (2) |
JPY156,380 | USD1,424 | JPMorgan Chase | 10/13/2021 | (19) |
JPY166,400 | USD1,523 | BNP Paribas | 10/13/2021 | (27) |
EUR454 | NOK4,630 | Citibank | 10/18/2021 | (3) |
AUD340 | USD249 | Morgan Stanley | 10/18/2021 | (4) |
American Funds Insurance Series — Global Balanced Fund — Page 127 of 242
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Forward currency contracts (continued)
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 9/30/2021 (000) | |
Purchases (000) | Sales (000) | |||
EUR540 | USD639 | JPMorgan Chase | 10/18/2021 | $(13) |
JPY139,700 | USD1,276 | Citibank | 10/18/2021 | (20) |
USD993 | GBP720 | JPMorgan Chase | 10/20/2021 | 23 |
CAD110 | USD87 | BNP Paribas | 10/20/2021 | —15 |
SEK1,830 | USD212 | HSBC Bank | 10/20/2021 | (3) |
EUR1,016 | USD1,195 | Goldman Sachs | 10/20/2021 | (17) |
USD617 | BRL3,300 | Citibank | 10/25/2021 | 14 |
USD265 | MXN5,320 | Goldman Sachs | 10/25/2021 | 8 |
USD421 | INR31,100 | BNP Paribas | 10/25/2021 | 3 |
USD102 | AUD140 | Bank of America | 10/25/2021 | —15 |
GBP390 | USD545 | Morgan Stanley | 11/3/2021 | (19) |
KRW1,421,430 | USD1,210 | BNP Paribas | 11/5/2021 | (11) |
GBP360 | USD496 | HSBC Bank | 11/22/2021 | (11) |
JPY11,900 | USD108 | Bank of New York Mellon | 11/24/2021 | (1) |
JPY14,200 | USD129 | Bank of New York Mellon | 11/24/2021 | (1) |
JPY56,270 | USD513 | Morgan Stanley | 12/16/2021 | (8) |
$(66) |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
1.2475% | 3-month NZD-BBR-FRA | 8/20/2023 | NZ$375 | $(1) | $— | $(1) |
1.234974% | 3-month NZD-BBR-FRA | 8/20/2023 | 3,197 | (6) | — | (6) |
1.2375% | 3-month NZD-BBR-FRA | 8/26/2023 | 1,178 | (2) | — | (2) |
1.264% | 3-month NZD-BBR-FRA | 8/27/2023 | 2,945 | (5) | — | (5) |
1.26% | 3-month NZD-BBR-FRA | 8/30/2023 | 486 | (1) | — | (1) |
1.28% | 3-month NZD-BBR-FRA | 8/31/2023 | 486 | (1) | — | (1) |
1.3% | 3-month NZD-BBR-FRA | 9/3/2023 | 533 | (1) | — | (1) |
3-month USD-LIBOR | 0.3302% | 9/21/2023 | $643 | 1 | — | 1 |
1.4975% | 3-month NZD-BBR-FRA | 9/21/2023 | NZ$1,001 | 1 | — | 1 |
1.445% | 3-month NZD-BBR-FRA | 9/28/2023 | 1,000 | —15 | — | —15 |
3-month USD-LIBOR | 0.3792% | 9/28/2023 | $697 | —15 | — | —15 |
3-month USD-LIBOR | 0.3842% | 9/29/2023 | 697 | —15 | — | —15 |
1.4475% | 3-month NZD-BBR-FRA | 9/29/2023 | NZ$1,019 | —15 | — | —15 |
1.4475% | 3-month NZD-BBR-FRA | 9/30/2023 | 1,024 | 1 | — | 1 |
3-month USD-LIBOR | 0.3975% | 9/30/2023 | $708 | —15 | — | —15 |
0.3653% | 3-month USD-LIBOR | 3/5/2024 | 1,230 | (4) | — | (4) |
(0.4545)% | 6-month EURIBOR | 4/1/2024 | €3,500 | (7) | — | (7) |
6.14% | 28-day MXN-TIIE | 6/8/2026 | MXN2,600 | (5) | — | (5) |
6.115% | 28-day MXN-TIIE | 6/8/2026 | 2,600 | (5) | — | (5) |
6.12% | 28-day MXN-TIIE | 6/8/2026 | 4,000 | (7) | — | (7) |
6.13% | 28-day MXN-TIIE | 6/8/2026 | 9,200 | (16) | — | (16) |
6.16% | 28-day MXN-TIIE | 6/9/2026 | 5,200 | (9) | — | (9) |
6.15% | 28-day MXN-TIIE | 6/9/2026 | 5,300 | (9) | — | (9) |
6.195% | 28-day MXN-TIIE | 6/10/2026 | 2,700 | (4) | — | (4) |
6.23% | 28-day MXN-TIIE | 6/10/2026 | 2,700 | (4) | — | (4) |
American Funds Insurance Series — Global Balanced Fund — Page 128 of 242
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Swap contracts (continued)
Interest rate swaps (continued)
Receive | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
6.36% | 28-day MXN-TIIE | 6/12/2026 | MXN2,300 | $(3) | $— | $(3) |
6.585% | 28-day MXN-TIIE | 6/25/2026 | 2,600 | (2) | — | (2) |
6.59% | 28-day MXN-TIIE | 6/25/2026 | 2,000 | (2) | — | (2) |
6.64% | 28-day MXN-TIIE | 6/25/2026 | 3,200 | (3) | — | (3) |
6.633% | 28-day MXN-TIIE | 6/25/2026 | 8,900 | (7) | — | (7) |
6.6175% | 28-day MXN-TIIE | 6/25/2026 | 8,600 | (7) | — | (7) |
6.58% | 28-day MXN-TIIE | 6/25/2026 | 11,300 | (10) | — | (10) |
3-month USD-LIBOR | 1.4822% | 3/5/2031 | $450 | 1 | — | 1 |
6-month EURIBOR | 0.5092% | 4/1/2051 | €370 | (1) | — | (1) |
$— | $(118) |
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium received (000) | Unrealized depreciation at 9/30/2021 (000) |
CDX.NA.IG.37 | 1.00%/Quarterly | 12/20/2026 | $1,410 | $(33) | $(33) | $—15 |
ITRAX.EUR.IG.36 | 1.00%/Quarterly | 12/20/2026 | 1,210 | (37) | (36) | (1) |
$(69) | $(1) |
Investments in affiliates11
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliate at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 7.06% | |||||||
Money market investments 7.06% | |||||||
Capital Group Central Cash Fund 0.06%10 | $24,329 | $122,410 | $115,067 | $—15 | $1 | $31,673 | $16 |
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $115,391,000, which represented 25.72% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | 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 $4,951,000, which represented 1.10% of the net assets of the fund. |
4 | Index-linked bond whose principal amount moves with a government price index. |
5 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $378,000, which represented .08% of the net assets of the fund. |
6 | Step bond; coupon rate may change at a later date. |
7 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
8 | Purchased on a TBA basis. |
9 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
10 | Rate represents the seven-day yield at 9/30/2021. |
11 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
12 | Amount less than .01%. |
13 | Notional amount is calculated based on the number of contracts and notional contract size. |
14 | Value is calculated based on the notional amount and current market price. |
15 | Amount less than one thousand. |
American Funds Insurance Series — Global Balanced Fund — Page 129 of 242
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Key to abbreviations and symbols | |
ADR = American Depositary Receipts | JPY/¥ = Japanese yen |
AUD/A$ = Australian dollars | KRW = South Korean won |
BBR = Bank Base Rate | LIBOR = London Interbank Offered Rate |
BRL = Brazilian reais | MXN = Mexican pesos |
CAD/C$ = Canadian dollars | MYR = Malaysian ringgits |
CNH/CNY = Chinese yuan renminbi | NOK/NKr = Norwegian kroner |
COP = Colombian pesos | NZD/NZ$ = New Zealand dollars |
CZK = Czech korunas | PLN = Polish zloty |
DKK/DKr = Danish kroner | Ref. = Refunding |
EUR/€ = Euros | Rev. = Revenue |
EURIBOR = Euro Interbank Offered Rate | RUB = Russian rubles |
FRA = Forward Rate Agreement | SEK = Swedish kronor |
GBP/£ = British pounds | SOFR = Secured Overnight Financing Rate |
IDR = Indonesian rupiah | TBA = To-be-announced |
ILS = Israeli shekels | TIIE = Equilibrium Interbank Interest Rate |
INR = Indian rupees | USD/$ = U.S. dollars |
American Funds Insurance Series — Global Balanced Fund — Page 130 of 242
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Bonds, notes & other debt instruments 98.05% U.S. Treasury bonds & notes 44.94% U.S. Treasury 37.80% | Principal amount (000) | Value (000) | |
U.S. Treasury 0.125% 2023 | $39,035 | $38,975 | |
U.S. Treasury 0.125% 2023 | 28,515 | 28,441 | |
U.S. Treasury 0.25% 2024 | 250,000 | 249,157 | |
U.S. Treasury 0.25% 2024 | 155,500 | 154,636 | |
U.S. Treasury 0.375% 2024 | 712,000 | 711,365 | |
U.S. Treasury 0.375% 2024 | 77,000 | 76,791 | |
U.S. Treasury 0.375% 2024 | 47,205 | 47,005 | |
U.S. Treasury 0.375% 2024 | 26,455 | 26,363 | |
U.S. Treasury 2.125% 2024 | 72,100 | 75,531 | |
U.S. Treasury 2.125% 20241 | 72,100 | 75,426 | |
U.S. Treasury 0.375% 2025 | 200,000 | 196,018 | |
U.S. Treasury 2.875% 20251 | 96,200 | 103,945 | |
U.S. Treasury 2.875% 2025 | 72,100 | 77,711 | |
U.S. Treasury 0.375% 2026 | 40,000 | 39,146 | |
U.S. Treasury 0.75% 2026 | 454,705 | 451,279 | |
U.S. Treasury 0.75% 2026 | 87,865 | 87,132 | |
U.S. Treasury 0.75% 2026 | 26,766 | 26,483 | |
U.S. Treasury 1.375% 20261 | 75,000 | 76,450 | |
U.S. Treasury 0.50% 2027 | 165,625 | 160,296 | |
U.S. Treasury 0.50% 2027 | 144,150 | 138,779 | |
U.S. Treasury 2.25% 20271 | 120,200 | 127,840 | |
U.S. Treasury 2.25% 20271 | 72,100 | 76,611 | |
U.S. Treasury 6.125% 2027 | 24,000 | 31,083 | |
U.S. Treasury 1.25% 2028 | 79,480 | 79,385 | |
U.S. Treasury 1.25% 2028 | 35,156 | 35,085 | |
U.S. Treasury 2.875% 2028 | 72,100 | 79,670 | |
U.S. Treasury 1.25% 20311 | 508,918 | 496,638 | |
U.S. Treasury 1.125% 20401 | 124,213 | 107,337 | |
U.S. Treasury 1.375% 2040 | 40,000 | 35,918 | |
U.S. Treasury 1.75% 2041 | 49,231 | 47,031 | |
U.S. Treasury 1.875% 2041 | 75,500 | 73,830 | |
U.S. Treasury 3.00% 20491 | 150,000 | 179,284 | |
U.S. Treasury 1.25% 2050 | 21,285 | 17,405 | |
U.S. Treasury 1.375% 2050 | 32,062 | 27,046 | |
U.S. Treasury 2.00% 2051 | 41,920 | 41,154 | |
U.S. Treasury 2.375% 20511 | 644,805 | 687,731 | |
4,983,977 | |||
U.S. Treasury inflation-protected securities 7.14% | |||
U.S. Treasury Inflation-Protected Security 0.125% 20222 | 55,252 | 56,614 | |
U.S. Treasury Inflation-Protected Security 0.125% 20222 | 53,579 | 54,350 | |
U.S. Treasury Inflation-Protected Security 0.125% 20232 | 192,396 | 198,990 | |
U.S. Treasury Inflation-Protected Security 0.625% 20232 | 78,714 | 82,392 | |
U.S. Treasury Inflation-Protected Security 0.125% 20242 | 25,672 | 27,456 | |
U.S. Treasury Inflation-Protected Security 0.125% 20242 | 3,334 | 3,558 |
American Funds Insurance Series — The Bond Fund of America — Page 131 of 242
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Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury inflation-protected securities (continued) | Principal amount (000) | Value (000) | |
U.S. Treasury Inflation-Protected Security 0.125% 20262 | $183,983 | $199,214 | |
U.S. Treasury Inflation-Protected Security 0.375% 20271,2 | 83,690 | 93,013 | |
U.S. Treasury Inflation-Protected Security 0.50% 20281,2 | 82,995 | 92,872 | |
U.S. Treasury Inflation-Protected Security 0.125% 20312 | 28,323 | 31,192 | |
U.S. Treasury Inflation-Protected Security 0.125% 20312 | 18,513 | 20,319 | |
U.S. Treasury Inflation-Protected Security 0.25% 20502 | 5,415 | 6,097 | |
U.S. Treasury Inflation-Protected Security 0.125% 20512 | 68,363 | 74,882 | |
940,949 | |||
Total U.S. Treasury bonds & notes | 5,924,926 | ||
Corporate bonds, notes & loans 31.53% Financials 6.90% | |||
ACE INA Holdings, Inc. 2.875% 2022 | 3,625 | 3,709 | |
ACE INA Holdings, Inc. 3.35% 2026 | 2,025 | 2,210 | |
ACE INA Holdings, Inc. 4.35% 2045 | 2,220 | 2,795 | |
AerCap Holdings NV 6.50% 2025 | 1,798 | 2,086 | |
Ally Financial, Inc. 5.125% 2024 | 1,500 | 1,681 | |
Ally Financial, Inc. 8.00% 2031 | 8,479 | 12,051 | |
Ally Financial, Inc. 8.00% 2031 | 7,070 | 10,206 | |
American International Group, Inc. 4.20% 2028 | 9,875 | 11,260 | |
Arthur J. Gallagher & Co. 3.50% 2051 | 1,073 | 1,151 | |
Banco Santander, SA 1.722% 2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.90% on 9/14/2026)3 | 1,400 | 1,394 | |
Bank of America Corp. 1.658% 2027 (USD-SOFR + 0.91% on 3/11/2026)3 | 981 | 987 | |
Bank of America Corp. 1.734% 2027 (USD-SOFR + 0.96% on 7/22/2026)3 | 7,460 | 7,496 | |
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027)3 | 10,129 | 10,985 | |
Bank of America Corp. 2.087% 2029 (USD-SOFR + 1.06% on 6/14/2028)3 | 682 | 681 | |
Bank of America Corp. 1.922% 2031 (USD-SOFR + 1.37% on 10/24/2030)3 | 21,177 | 20,388 | |
Bank of America Corp. 2.299% 2032 (USD-SOFR + 1.22% on 7/21/2031)3 | 49,520 | 48,847 | |
Bank of America Corp. 2.687% 2032 (USD-SOFR + 1.32% on 4/22/2031)3 | 10,318 | 10,513 | |
Bank of America Corp. 2.972% 2052 (USD-SOFR + 1.56% on 7/21/2051)3 | 1,546 | 1,516 | |
Bank of China, Ltd. (Hong Kong Branch) 3.875% 2025 | 236 | 257 | |
Bank of China, Ltd. (Hong Kong Branch) 4.00% 2028 | 200 | 221 | |
Bank of Nova Scotia 1.35% 2026 | 3,345 | 3,349 | |
Berkshire Hathaway Finance Corp. 4.20% 2048 | 8,720 | 10,583 | |
BNP Paribas 3.80% 20244 | 18,775 | 20,024 | |
BNP Paribas 2.819% 2025 (3-month USD-LIBOR + 1.111% on 11/19/2024)3,4 | 2,875 | 3,012 | |
BNP Paribas 3.375% 20254 | 6,425 | 6,853 | |
BNP Paribas 2.219% 2026 (USD-SOFR + 2.074% on 6/9/2025)3,4 | 12,000 | 12,321 | |
BNP Paribas 1.323% 2027 (USD-SOFR + 1.004% on 1/13/2026)3,4 | 8,425 | 8,287 | |
BNP Paribas 2.159% 2029 (USD-SOFR + 1.218% on 9/15/2028)3,4 | 3,375 | 3,346 | |
BNP Paribas 2.871% 2032 (USD-SOFR + 1.387% on 4/19/2031)3,4 | 3,475 | 3,551 | |
CIT Group, Inc. 3.929% 2024 (USD-SOFR + 3.827% on 6/19/2023)3 | 5,410 | 5,668 | |
CIT Group, Inc. 4.75% 2024 | 2,066 | 2,208 | |
Citigroup, Inc. 4.60% 2026 | 1,800 | 2,034 | |
Citigroup, Inc. 1.462% 2027 (USD-SOFR + 0.67% on 6/9/2026)3 | 8,740 | 8,694 | |
Crédit Agricole SA 1.907% 2026 (USD-SOFR + 1.676% on 6/16/2025)3,4 | 4,450 | 4,537 | |
Crédit Agricole SA 1.247% 2027 (USD-SOFR + 0.892% on 1/26/2026)3,4 | 3,400 | 3,353 | |
Credit Suisse Group AG 2.997% 2023 (3-month USD-LIBOR + 1.20% on 12/14/2022)3,4 | 12,000 | 12,327 | |
Credit Suisse Group AG 3.80% 2023 | 12,925 | 13,622 | |
Credit Suisse Group AG 4.207% 2024 (3-month USD-LIBOR + 1.24% on 6/12/2023)3,4 | 500 | 528 | |
Credit Suisse Group AG 2.593% 2025 (USD-SOFR + 1.56% on 9/11/2024)3,4 | 850 | 881 | |
Credit Suisse Group AG 2.193% 2026 (USD-SOFR + 2.044% on 6/5/2025)3,4 | 5,750 | 5,860 |
American Funds Insurance Series — The Bond Fund of America — Page 132 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
Credit Suisse Group AG 1.305% 2027 (USD-SOFR + 0.98% on 2/2/2026)3,4 | $10,950 | $10,712 | |
Credit Suisse Group AG 4.194% 2031 (USD-SOFR + 3.73% on 4/1/2030)3,4 | 3,096 | 3,470 | |
Credit Suisse Group AG 3.091% 2032 (USD-SOFR + 1.73% on 5/14/2031)3,4 | 7,369 | 7,541 | |
Danske Bank AS 1.549% 20274 | 2,990 | 2,968 | |
Deutsche Bank AG 4.25% 2021 | 525 | 526 | |
Deutsche Bank AG 3.30% 2022 | 2,695 | 2,781 | |
Deutsche Bank AG 5.00% 2022 | 2,675 | 2,719 | |
Deutsche Bank AG 3.95% 2023 | 6,350 | 6,638 | |
Deutsche Bank AG 0.898% 2024 | 2,500 | 2,498 | |
Deutsche Bank AG 2.222% 2024 (USD-SOFR + 2.159% on 9/18/2023)3 | 10,475 | 10,740 | |
Deutsche Bank AG 3.70% 2024 | 4,950 | 5,274 | |
Deutsche Bank AG 3.70% 2024 | 2,750 | 2,931 | |
Deutsche Bank AG 3.961% 2025 (USD-SOFR + 2.581% on 11/26/2024)3 | 8,586 | 9,290 | |
Deutsche Bank AG 2.129% 2026 (USD-SOFR + 1.87% on 11/24/2025)3 | 42,264 | 42,950 | |
Deutsche Bank AG 4.10% 2026 | 7,305 | 8,010 | |
Deutsche Bank AG 4.10% 2026 | 857 | 938 | |
Deutsche Bank AG 3.547% 2031 (USD-SOFR + 3.043% on 9/18/2030)3 | 2,900 | 3,097 | |
Deutsche Bank AG 3.035% 2032 (USD-SOFR + 1.718% on 5/28/2031)3 | 2,100 | 2,132 | |
Deutsche Bank AG 3.729% 2032 (USD-SOFR + 2.757% on 1/14/2031)3 | 4,000 | 4,133 | |
DNB Bank ASA 1.535% 2027 (5-year UST Yield Curve Rate T Note Constant Maturity + 0.72% on 5/25/2026)3,4 | 1,200 | 1,201 | |
GE Capital Funding, LLC 4.05% 2027 | 5,078 | 5,704 | |
GE Capital Funding, LLC 4.40% 2030 | 10,000 | 11,593 | |
Goldman Sachs Group, Inc. 5.75% 2022 | 4,800 | 4,882 | |
Goldman Sachs Group, Inc. 1.431% 2027 (USD-SOFR + 0.795% on 3/9/2026)3 | 3,030 | 3,023 | |
Goldman Sachs Group, Inc. 1.542% 2027 (USD-SOFR + 0.818% on 9/10/2026)3 | 13,275 | 13,230 | |
Goldman Sachs Group, Inc. 3.814% 2029 (3-month USD-LIBOR + 1.158% on 4/23/2028)3 | 9,600 | 10,632 | |
Goldman Sachs Group, Inc. 2.383% 2032 (USD-SOFR + 1.248% on 7/21/2031)3 | 19,697 | 19,515 | |
Goldman Sachs Group, Inc. 2.615% 2032 (USD-SOFR + 1.281% on 4/22/2031)3 | 7,605 | 7,702 | |
Goldman Sachs Group, Inc. 2.908% 2042 (USD-SOFR + 1.40% on 7/21/2041)3 | 3,160 | 3,120 | |
Goldman Sachs Group, Inc. 5.30% junior subordinated perpetual bonds (3-month USD-LIBOR + 3.834% on 11/10/2026)3 | 1,750 | 1,934 | |
Groupe BPCE SA 2.75% 20234 | 6,875 | 7,089 | |
Groupe BPCE SA 5.70% 20234 | 28,166 | 30,889 | |
Groupe BPCE SA 5.15% 20244 | 5,481 | 6,059 | |
Groupe BPCE SA 1.652% 2026 (USD-SOFR + 1.52% on 10/6/2025)3,4 | 6,350 | 6,360 | |
Hartford Financial Services Group, Inc. 2.90% 2051 | 713 | 689 | |
HSBC Holdings PLC 2.206% 2029 (USD-SOFR + 1.285% on 8/17/2028)3 | 2,628 | 2,609 | |
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028)3 | 9,525 | 10,820 | |
HSBC Holdings PLC 2.804% 2032 (USD-SOFR + 1.187% on 5/24/2031)3 | 6,490 | 6,582 | |
Huarong Finance 2019 Co., Ltd. (3-month USD-LIBOR + 1.25%) 1.372% 20255 | 397 | 345 | |
Huarong Finance 2017 Co., Ltd. 4.25% 2027 | 6,335 | 5,828 | |
Huarong Finance 2017 Co., Ltd. 4.75% 2027 | 669 | 632 | |
Huarong Finance II Co., Ltd. 5.00% 2025 | 480 | 469 | |
Huarong Finance II Co., Ltd. 5.50% 2025 | 6,669 | 6,619 | |
Huarong Finance II Co., Ltd. 4.625% 2026 | 200 | 192 | |
Huarong Finance II Co., Ltd. 4.875% 2026 | 2,106 | 2,040 | |
Intesa Sanpaolo SpA 3.375% 20234 | 10,035 | 10,382 | |
Intesa Sanpaolo SpA 3.25% 20244 | 770 | 813 | |
Intesa Sanpaolo SpA 5.017% 20244 | 68,143 | 73,595 | |
Intesa Sanpaolo SpA 5.71% 20264 | 15,400 | 17,286 | |
Intesa Sanpaolo SpA 3.875% 20274 | 6,250 | 6,775 | |
Intesa Sanpaolo SpA 3.875% 20284 | 1,986 | 2,133 | |
JPMorgan Chase & Co. 0.969% 2025 (USD-SOFR + 0.58% on 6/23/2024)3 | 5,870 | 5,879 |
American Funds Insurance Series — The Bond Fund of America — Page 133 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
JPMorgan Chase & Co. 1.47% 2027 (USD-SOFR + 0.765% on 9/22/2026)3 | $5,965 | $5,929 | |
JPMorgan Chase & Co. 1.578% 2027 (USD-SOFR + 0.885% on 4/22/2026)3 | 1,832 | 1,837 | |
JPMorgan Chase & Co. 2.069% 2029 (USD-SOFR + 1.015% on 6/1/2028)3 | 2,453 | 2,460 | |
JPMorgan Chase & Co. 3.509% 2029 (3-month USD-LIBOR + 0.945% on 1/23/2028)3 | 9,600 | 10,450 | |
JPMorgan Chase & Co. 4.203% 2029 (3-month USD-LIBOR + 1.26% on 7/23/2028)3 | 11,980 | 13,636 | |
JPMorgan Chase & Co. 2.522% 2031 (USD-SOFR + 2.04% on 4/22/2030)3 | 1,766 | 1,803 | |
JPMorgan Chase & Co. 2.58% 2032 (USD-SOFR + 1.25% on 4/22/2031)3 | 4,802 | 4,872 | |
Lloyds Banking Group PLC 2.438% 2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.00% on 2/5/2025)3 | 2,675 | 2,776 | |
Lloyds Banking Group PLC 4.375% 2028 | 8,825 | 10,045 | |
MetLife Capital Trust IV, junior subordinated, 7.875% 2067 (3-month USD-LIBOR + 3.96% on 12/1/2037)3,4 | 1,405 | 1,956 | |
MetLife, Inc. 3.60% 2025 | 3,490 | 3,821 | |
Mitsubishi UFJ Financial Group, Inc. 1.538% 2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.75% on 7/20/2026)3 | 6,200 | 6,197 | |
Mizuho Financial Group, Inc. 1.554% 2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.75% on 7/9/2026)3 | 4,615 | 4,607 | |
Morgan Stanley 0.791% 2025 (USD-SOFR + 0.509% on 1/22/2024)3 | 3,065 | 3,066 | |
Morgan Stanley 2.72% 2025 (USD-SOFR + 1.152% on 7/22/2024)3 | 2,300 | 2,411 | |
Morgan Stanley 1.512% 2027 (USD-SOFR + 0.858% on 7/20/2026)3 | 3,065 | 3,052 | |
Morgan Stanley 2.239% 2032 (USD-SOFR + 1.178% on 7/21/2031)3 | 33,694 | 33,135 | |
MSCI, Inc. 3.25% 20334 | 2,750 | 2,785 | |
OneMain Holdings, Inc. 7.125% 2026 | 250 | 290 | |
PNC Financial Services Group, Inc. 2.854% 20223 | 5,850 | 6,016 | |
PNC Funding Corp. 3.30% 2022 | 8,700 | 8,794 | |
Rede D’Or Finance SARL 4.50% 20304 | 1,572 | 1,568 | |
Santander Holdings USA, Inc. 3.50% 2024 | 8,325 | 8,846 | |
Synchrony Financial 2.85% 2022 | 5,400 | 5,499 | |
Synchrony Financial 4.375% 2024 | 3,640 | 3,929 | |
Toronto-Dominion Bank 2.00% 2031 | 3,510 | 3,452 | |
Travelers Companies, Inc. 2.55% 2050 | 768 | 736 | |
UBS Group AG 1.49% 2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 8/10/2026)3,4 | 4,000 | 3,956 | |
UniCredit SpA 3.75% 20224 | 2,545 | 2,587 | |
UniCredit SpA 6.572% 20224 | 11,295 | 11,479 | |
UniCredit SpA 4.625% 20274 | 1,395 | 1,565 | |
UniCredit SpA 5.861% 2032 (5-year USD-ICE Swap + 3.703% on 6/19/2027)3,4 | 16,130 | 17,952 | |
Wells Fargo & Company 2.406% 2025 (3-month USD-LIBOR + 0.825% on 10/30/2024)3 | 20,480 | 21,336 | |
910,284 | |||
Energy 4.89% | |||
Antero Resources Corp. 5.375% 20304 | 280 | 295 | |
Apache Corp. 4.625% 2025 | 645 | 694 | |
Apache Corp. 4.25% 2030 | 2,465 | 2,661 | |
Apache Corp. 5.35% 2049 | 800 | 890 | |
BP Capital Markets PLC 3.00% 2050 | 8,284 | 7,981 | |
Canadian Natural Resources, Ltd. 2.05% 2025 | 754 | 772 | |
Canadian Natural Resources, Ltd. 3.85% 2027 | 1,151 | 1,260 | |
Canadian Natural Resources, Ltd. 2.95% 2030 | 1,113 | 1,154 | |
Cenovus Energy, Inc. 5.375% 2025 | 2,763 | 3,148 | |
Cenovus Energy, Inc. 4.25% 2027 | 13,897 | 15,456 | |
Cenovus Energy, Inc. 2.65% 2032 | 884 | 868 | |
Cenovus Energy, Inc. 5.25% 2037 | 770 | 919 | |
Cenovus Energy, Inc. 5.40% 2047 | 15,180 | 18,656 | |
Cheniere Energy Partners LP 3.25% 20324 | 1,761 | 1,769 |
American Funds Insurance Series — The Bond Fund of America — Page 134 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Cheniere Energy, Inc. 7.00% 2024 | $410 | $464 | |
Cheniere Energy, Inc. 5.125% 2027 | 16,000 | 18,509 | |
Cheniere Energy, Inc. 3.70% 2029 | 7,369 | 8,001 | |
Chevron Corp. 2.355% 2022 | 4,800 | 4,892 | |
Columbia Pipeline Partners LP 5.80% 2045 | 1,410 | 1,928 | |
ConocoPhillips 4.30% 20284 | 3,973 | 4,578 | |
DCP Midstream Operating LP 4.95% 2022 | 500 | 504 | |
Devon Energy Corp. 4.50% 20304 | 5,197 | 5,667 | |
Diamondback Energy, Inc. 4.40% 2051 | 2,600 | 2,954 | |
DT Midstream, Inc. 4.125% 20294 | 555 | 563 | |
Enbridge Energy Partners LP 5.875% 2025 | 7,700 | 8,985 | |
Enbridge Energy Partners LP 7.375% 2045 | 13,911 | 22,052 | |
Enbridge, Inc. 4.00% 2023 | 1,500 | 1,589 | |
Enbridge, Inc. 3.40% 2051 | 1,980 | 1,999 | |
Energy Transfer Operating LP 5.875% 2024 | 294 | 323 | |
Energy Transfer Operating LP 2.90% 2025 | 4,402 | 4,616 | |
Energy Transfer Operating LP 3.75% 2030 | 7,707 | 8,333 | |
Energy Transfer Operating LP 5.00% 2050 | 19,853 | 22,946 | |
Energy Transfer Partners LP 4.20% 2023 | 2,860 | 3,039 | |
Energy Transfer Partners LP 4.50% 2024 | 4,915 | 5,317 | |
Energy Transfer Partners LP 4.75% 2026 | 1,506 | 1,684 | |
Energy Transfer Partners LP 4.20% 2027 | 45 | 50 | |
Energy Transfer Partners LP 4.95% 2028 | 4,559 | 5,234 | |
Energy Transfer Partners LP 5.25% 2029 | 1,275 | 1,496 | |
Energy Transfer Partners LP 6.125% 2045 | 11,780 | 15,013 | |
Energy Transfer Partners LP 5.30% 2047 | 10,459 | 12,274 | |
Energy Transfer Partners LP 6.00% 2048 | 1,868 | 2,374 | |
Energy Transfer Partners LP 6.25% 2049 | 1,775 | 2,336 | |
Energy Transfer Partners LP 6.25% junior subordinated perpetual bonds (3-month USD-LIBOR + 4.028% on 2/15/2023)3 | 7,850 | 7,043 | |
Energy Transfer Partners LP 6.625% junior subordinated perpetual bonds (3-month USD-LIBOR + 4.155% on 2/15/2028)3 | 500 | 488 | |
Enterprise Products Operating LLC 3.20% 2052 | 3,031 | 2,940 | |
Enterprise Products Operating LLC 3.30% 2053 | 1,320 | 1,290 | |
EQT Corp. 3.00% 2022 | 6,700 | 6,826 | |
EQT Corp. 7.50% 20303 | 7,500 | 9,663 | |
Equinor ASA 3.625% 2028 | 4,928 | 5,498 | |
Equinor ASA 3.125% 2030 | 20,000 | 21,770 | |
Equinor ASA 3.25% 2049 | 5,687 | 6,034 | |
Exxon Mobil Corp. 3.043% 2026 | 4,625 | 4,994 | |
Kinder Morgan Energy Partners LP 6.50% 2037 | 900 | 1,221 | |
Kinder Morgan Energy Partners LP 5.50% 2044 | 700 | 872 | |
Kinder Morgan, Inc. 5.30% 2034 | 760 | 939 | |
Kinder Morgan, Inc. 3.60% 2051 | 555 | 562 | |
MPLX LP 1.75% 2026 | 5,557 | 5,595 | |
MPLX LP 4.00% 2028 | 4,665 | 5,155 | |
MPLX LP 2.65% 2030 | 2,404 | 2,414 | |
MPLX LP 5.50% 2049 | 8,081 | 10,262 | |
Odebrecht Drilling Norbe 6.35% PIK and 1.00% Cash 20264,6 | 39 | 22 | |
Odebrecht Drilling Norbe 0% perpetual bonds4 | 1,150 | 10 | |
Oleoducto Central SA 4.00% 20274 | 1,715 | 1,769 | |
Oleoducto Central SA 4.00% 2027 | 350 | 361 | |
ONEOK, Inc. 2.20% 2025 | 193 | 197 | |
ONEOK, Inc. 5.85% 2026 | 896 | 1,052 |
American Funds Insurance Series — The Bond Fund of America — Page 135 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
ONEOK, Inc. 4.55% 2028 | $1,610 | $1,828 | |
ONEOK, Inc. 3.10% 2030 | 540 | 564 | |
ONEOK, Inc. 6.35% 2031 | 2,794 | 3,581 | |
ONEOK, Inc. 5.20% 2048 | 10,168 | 12,333 | |
ONEOK, Inc. 4.45% 2049 | 440 | 493 | |
ONEOK, Inc. 4.50% 2050 | 1,266 | 1,407 | |
ONEOK, Inc. 7.15% 2051 | 3,275 | 4,754 | |
Petróleos Mexicanos 6.875% 20254 | 3,663 | 4,016 | |
Petróleos Mexicanos 6.875% 2025 | 1,337 | 1,466 | |
Petróleos Mexicanos 6.875% 2026 | 43,810 | 47,702 | |
Petróleos Mexicanos 6.50% 2027 | 29,533 | 31,231 | |
Petróleos Mexicanos 6.50% 2029 | 969 | 997 | |
Petróleos Mexicanos 6.84% 2030 | 15,824 | 16,365 | |
Petróleos Mexicanos 6.75% 2047 | 161 | 141 | |
Petróleos Mexicanos 6.35% 2048 | 232 | 196 | |
Pioneer Natural Resources Company 1.90% 2030 | 3,175 | 3,040 | |
Plains All American Pipeline LP 3.80% 2030 | 590 | 630 | |
Qatar Petroleum 1.375% 20264 | 16,725 | 16,622 | |
Qatar Petroleum 2.25% 20314 | 18,400 | 18,249 | |
Qatar Petroleum 3.125% 20414 | 7,310 | 7,320 | |
Qatar Petroleum 3.30% 20514 | 2,185 | 2,211 | |
SA Global Sukuk, Ltd. 0.946% 20244 | 9,410 | 9,330 | |
SA Global Sukuk, Ltd. 1.602% 20264 | 26,160 | 26,029 | |
SA Global Sukuk, Ltd. 2.694% 20314 | 4,680 | 4,729 | |
Sabine Pass Liquefaction, LLC 6.25% 2022 | 2,300 | 2,326 | |
Sabine Pass Liquefaction, LLC 5.625% 20233 | 1,000 | 1,063 | |
Sabine Pass Liquefaction, LLC 5.75% 2024 | 8,000 | 8,912 | |
Sabine Pass Liquefaction, LLC 5.625% 2025 | 10,000 | 11,354 | |
Sabine Pass Liquefaction, LLC 5.875% 2026 | 15,700 | 18,486 | |
Saudi Arabian Oil Co. 2.875% 20244 | 4,885 | 5,097 | |
Shell International Finance BV 3.875% 2028 | 9,410 | 10,709 | |
Sinopec Group Overseas Development (2018), Ltd. 2.95% 2029 | 3,743 | 3,915 | |
Sinopec Group Overseas Development (2018), Ltd. 2.95% 20294 | 3,419 | 3,588 | |
Sinopec Group Overseas Development (2018), Ltd. 2.95% 20294 | 1,183 | 1,237 | |
Sinopec Group Overseas Development (2018), Ltd. 2.95% 2029 | 460 | 483 | |
Southwestern Energy Co. 6.45% 20253 | 495 | 546 | |
Suncor Energy, Inc. 3.75% 2051 | 715 | 768 | |
Sunoco Logistics Operating Partners LP 5.40% 2047 | 6,190 | 7,388 | |
Targa Resources Partners LP 5.375% 2027 | 175 | 182 | |
Total Capital Canada, Ltd. 2.75% 2023 | 2,140 | 2,233 | |
Total Capital International 3.455% 2029 | 885 | 979 | |
TransCanada PipeLines, Ltd. 4.25% 2028 | 11,275 | 12,845 | |
TransCanada PipeLines, Ltd. 4.10% 2030 | 4,776 | 5,421 | |
Western Midstream Operating, LP 4.35% 20253 | 2,782 | 2,939 | |
Western Midstream Operating, LP 5.30% 20303 | 2,202 | 2,436 | |
Western Midstream Operating, LP 6.50% 20503 | 3,079 | 3,629 | |
Williams Partners LP 4.50% 2023 | 500 | 536 | |
Williams Partners LP 4.30% 2024 | 595 | 639 | |
Williams Partners LP 5.10% 2045 | 225 | 279 | |
644,444 |
American Funds Insurance Series — The Bond Fund of America — Page 136 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities 4.23% | Principal amount (000) | Value (000) | |
Abu Dhabi National Energy Company PJSC (TAQA) 4.375% 20254 | $10,500 | $11,681 | |
AEP Texas, Inc. 3.45% 2051 | 1,475 | 1,527 | |
Alfa Desarrollo SpA 4.55% 20514 | 1,005 | 982 | |
Ameren Corp. 4.50% 2049 | 2,875 | 3,672 | |
Berkshire Hathaway Energy Company 4.50% 2045 | 5,895 | 7,164 | |
Comisión Federal de Electricidad 3.348% 20314 | 6,000 | 5,908 | |
Comisión Federal de Electricidad 3.875% 20334 | 1,340 | 1,322 | |
Comisión Federal de Electricidad 4.677% 20514 | 6,050 | 5,805 | |
Connecticut Light and Power Co. 2.05% 2031 | 1,775 | 1,773 | |
Consolidated Edison Company of New York, Inc. 2.40% 2031 | 5,922 | 5,995 | |
Consumers Energy Co. 4.05% 2048 | 8,270 | 9,841 | |
Consumers Energy Co. 3.75% 2050 | 5,625 | 6,499 | |
Dominion Energy, Inc. 2.25% 2031 | 3,925 | 3,916 | |
Duke Energy Corp. 3.75% 2024 | 3,826 | 4,084 | |
Duke Energy Florida, LLC 3.40% 2046 | 6,445 | 6,900 | |
Duke Energy Progress, Inc. 2.00% 2031 | 1,775 | 1,745 | |
Duke Energy Progress, Inc. 2.90% 2051 | 650 | 639 | |
Duke Energy Progress, LLC 3.70% 2028 | 3,750 | 4,185 | |
Edison International 3.125% 2022 | 2,900 | 2,974 | |
Edison International 3.55% 2024 | 6,850 | 7,266 | |
Edison International 4.95% 2025 | 175 | 193 | |
Edison International 5.75% 2027 | 3,181 | 3,665 | |
Edison International 4.125% 2028 | 3,644 | 3,889 | |
Emera US Finance LP 0.833% 20244 | 600 | 598 | |
Emera US Finance LP 2.639% 20314 | 4,400 | 4,414 | |
Emera, Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)3 | 1,950 | 2,322 | |
Enel Società per Azioni 8.75% 2073 (USD Semi Annual 30/360 (vs. 3-month USD-LIBOR) + 5.88% on 9/24/2023)3,4 | 1,000 | 1,141 | |
ENN Clean Energy International Investment, Ltd. 3.375% 20264 | 1,310 | 1,321 | |
Entergy Louisiana, LLC 4.20% 2048 | 6,325 | 7,589 | |
Eversource Energy 2.75% 2022 | 527 | 532 | |
Eversource Energy 3.80% 2023 | 5,000 | 5,331 | |
Exelon Corp. 3.40% 2026 | 1,570 | 1,701 | |
FirstEnergy Corp. 3.35% 20223 | 13,398 | 13,573 | |
FirstEnergy Corp. 1.60% 2026 | 20,066 | 19,894 | |
FirstEnergy Corp. 4.40% 20273 | 12,178 | 13,370 | |
FirstEnergy Corp. 3.50% 20284 | 2,400 | 2,577 | |
FirstEnergy Corp. 4.10% 20284 | 425 | 477 | |
FirstEnergy Corp. 2.25% 2030 | 13,707 | 13,251 | |
FirstEnergy Corp. 2.65% 2030 | 12,524 | 12,493 | |
FirstEnergy Transmission LLC 2.866% 20284 | 4,000 | 4,179 | |
Georgia Power Co. 3.70% 2050 | 275 | 294 | |
Interchile SA 4.50% 20564 | 465 | 486 | |
IPALCO Enterprises, Inc. 3.70% 2024 | 200 | 214 | |
Jersey Central Power & Light Co. 2.75% 20324 | 525 | 538 | |
MidAmerican Energy Holdings Co. 2.70% 2052 | 1,053 | 1,014 | |
Mississippi Power Co. 4.25% 2042 | 5,020 | 5,917 | |
Monongahela Power Co. 3.55% 20274 | 1,700 | 1,863 | |
NextEra Energy Capital Holdings, Inc. 1.90% 2028 | 3,575 | 3,579 | |
Pacific Gas and Electric Co. 1.75% 2022 | 13,000 | 12,981 | |
Pacific Gas and Electric Co. 1.367% 2023 | 11,550 | 11,512 | |
Pacific Gas and Electric Co. 3.25% 2023 | 5,615 | 5,770 | |
Pacific Gas and Electric Co. 3.40% 2024 | 2,000 | 2,076 | |
Pacific Gas and Electric Co. 2.95% 2026 | 10,850 | 11,146 |
American Funds Insurance Series — The Bond Fund of America — Page 137 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
Pacific Gas and Electric Co. 3.15% 2026 | $27,543 | $28,474 | |
Pacific Gas and Electric Co. 3.30% 2027 | 12,289 | 12,657 | |
Pacific Gas and Electric Co. 3.30% 2027 | 5,850 | 6,077 | |
Pacific Gas and Electric Co. 3.75% 2028 | 13,075 | 13,690 | |
Pacific Gas and Electric Co. 4.65% 2028 | 7,900 | 8,645 | |
Pacific Gas and Electric Co. 4.55% 2030 | 35,299 | 38,197 | |
Pacific Gas and Electric Co. 2.50% 2031 | 19,695 | 18,761 | |
Pacific Gas and Electric Co. 3.25% 2031 | 1,300 | 1,297 | |
Pacific Gas and Electric Co. 3.30% 2040 | 8,898 | 8,224 | |
Pacific Gas and Electric Co. 3.75% 2042 | 9,466 | 8,594 | |
Pacific Gas and Electric Co. 4.75% 2044 | 336 | 343 | |
Pacific Gas and Electric Co. 3.50% 2050 | 6,836 | 6,231 | |
Progress Energy, Inc. 7.75% 2031 | 1,820 | 2,564 | |
Public Service Electric and Gas Co. 3.20% 2029 | 6,000 | 6,550 | |
Public Service Electric and Gas Co. 1.90% 2031 | 775 | 763 | |
Puget Energy, Inc. 5.625% 2022 | 8,004 | 8,218 | |
Puget Energy, Inc. 3.65% 2025 | 300 | 321 | |
San Diego Gas & Electric Co. 3.32% 2050 | 1,350 | 1,431 | |
San Diego Gas & Electric Co. 2.95% 2051 | 6,200 | 6,153 | |
Southern California Edison Co. 2.85% 2029 | 8,200 | 8,516 | |
Southern California Edison Co. 4.20% 2029 | 11,000 | 12,339 | |
Southern California Edison Co. 2.50% 2031 | 5,149 | 5,173 | |
Southern California Edison Co. 5.35% 2035 | 6,450 | 8,053 | |
Southern California Edison Co. 5.75% 2035 | 4,549 | 5,801 | |
Southern California Edison Co. 5.625% 2036 | 7,051 | 8,904 | |
Southern California Edison Co. 5.55% 2037 | 3,844 | 4,725 | |
Southern California Edison Co. 5.95% 2038 | 4,467 | 5,798 | |
Southern California Edison Co. 5.50% 2040 | 606 | 762 | |
Southern California Edison Co. 4.00% 2047 | 9,402 | 10,100 | |
Southern California Edison Co. 4.125% 2048 | 9,008 | 9,833 | |
Southern California Edison Co. 4.875% 2049 | 916 | 1,096 | |
Southern California Edison Co. 3.65% 2050 | 8,626 | 8,829 | |
Southern California Edison Co. 3.65% 2051 | 6,978 | 7,178 | |
Southern California Edison Co., Series C, 3.60% 2045 | 2,717 | 2,753 | |
Southwestern Electric Power Co. 1.65% 2026 | 3,550 | 3,577 | |
Union Electric Co. 2.15% 2032 | 3,175 | 3,150 | |
Wisconsin Power and Light Co. 1.95% 2031 | 525 | 517 | |
Wisconsin Power and Light Co. 3.65% 2050 | 1,075 | 1,223 | |
Xcel Energy, Inc. 3.30% 2025 | 5,650 | 6,033 | |
Xcel Energy, Inc. 2.60% 2029 | 2,925 | 3,027 | |
558,355 | |||
Consumer discretionary 3.86% | |||
Allied Universal Holdco LLC 4.625% 20284 | 335 | 335 | |
Amazon.com, Inc. 1.65% 2028 | 6,855 | 6,914 | |
Amazon.com, Inc. 2.10% 2031 | 7,155 | 7,252 | |
Amazon.com, Inc. 2.875% 2041 | 1,480 | 1,529 | |
Amazon.com, Inc. 3.10% 2051 | 9,380 | 9,825 | |
Amazon.com, Inc. 3.25% 2061 | 4,100 | 4,371 | |
Atlas LuxCo 4 SARL 4.625% 20284 | 255 | 254 | |
Bayerische Motoren Werke AG 1.25% 20264 | 100 | 100 | |
Bayerische Motoren Werke AG 1.95% 20314 | 620 | 607 | |
Carnival Corp. 11.50% 20234 | 1,529 | 1,709 | |
DaimlerChrysler North America Holding Corp. 1.75% 20234 | 8,000 | 8,147 |
American Funds Insurance Series — The Bond Fund of America — Page 138 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
DaimlerChrysler North America Holding Corp. 3.35% 20234 | $2,000 | $2,079 | |
Ford Motor Credit Company LLC 5.125% 2025 | 3,870 | 4,209 | |
Ford Motor Credit Company LLC 3.815% 2027 | 3,790 | 3,937 | |
Ford Motor Credit Company LLC 4.125% 2027 | 39,080 | 41,493 | |
Ford Motor Credit Company LLC 4.271% 2027 | 18,542 | 19,755 | |
Ford Motor Credit Company LLC 5.113% 2029 | 4,205 | 4,704 | |
General Motors Company 5.40% 2023 | 421 | 459 | |
General Motors Company 4.35% 2025 | 11,358 | 12,476 | |
General Motors Company 6.125% 2025 | 28,743 | 33,690 | |
General Motors Company 6.80% 2027 | 1,030 | 1,287 | |
General Motors Company 5.40% 2048 | 7,200 | 8,943 | |
General Motors Financial Co. 3.55% 2022 | 3,703 | 3,792 | |
General Motors Financial Co. 3.25% 2023 | 964 | 994 | |
General Motors Financial Co. 3.70% 2023 | 2,076 | 2,167 | |
General Motors Financial Co. 1.05% 2024 | 4,200 | 4,219 | |
General Motors Financial Co. 3.50% 2024 | 9,945 | 10,647 | |
General Motors Financial Co. 3.95% 2024 | 3,969 | 4,243 | |
General Motors Financial Co. 5.10% 2024 | 1,081 | 1,180 | |
General Motors Financial Co. 2.75% 2025 | 3,819 | 3,994 | |
General Motors Financial Co. 2.90% 2025 | 1,032 | 1,083 | |
General Motors Financial Co. 1.25% 2026 | 5,450 | 5,383 | |
General Motors Financial Co. 2.70% 2027 | 6,079 | 6,320 | |
General Motors Financial Co. 2.40% 2028 | 13,909 | 14,039 | |
General Motors Financial Co. 3.60% 2030 | 465 | 499 | |
General Motors Financial Co. 2.35% 2031 | 6,075 | 5,955 | |
General Motors Financial Co. 2.70% 2031 | 6,075 | 6,061 | |
Home Depot, Inc. 2.95% 2029 | 6,081 | 6,567 | |
Home Depot, Inc. 4.50% 2048 | 1,915 | 2,460 | |
Hyundai Capital America 2.85% 20224 | 4,118 | 4,217 | |
Hyundai Capital America 3.00% 20224 | 4,500 | 4,578 | |
Hyundai Capital America 3.25% 20224 | 1,521 | 1,560 | |
Hyundai Capital America 3.95% 20224 | 8,000 | 8,091 | |
Hyundai Capital America 1.25% 20234 | 3,150 | 3,178 | |
Hyundai Capital America 2.375% 20234 | 9,977 | 10,199 | |
Hyundai Capital America 0.875% 20244 | 2,780 | 2,766 | |
Hyundai Capital America 1.00% 20244 | 2,750 | 2,741 | |
Hyundai Capital America 3.40% 20244 | 8,180 | 8,675 | |
Hyundai Capital America 1.80% 20254 | 12,714 | 12,844 | |
Hyundai Capital America 2.65% 20254 | 13,054 | 13,566 | |
Hyundai Capital America 1.30% 20264 | 6,000 | 5,906 | |
Hyundai Capital America 1.50% 20264 | 3,500 | 3,464 | |
Hyundai Capital America 1.65% 20264 | 7,275 | 7,213 | |
Hyundai Capital America 2.375% 20274 | 6,264 | 6,353 | |
Hyundai Capital America 3.00% 20274 | 10,408 | 10,955 | |
Hyundai Capital America 1.80% 20284 | 6,000 | 5,876 | |
Hyundai Capital America 2.00% 20284 | 5,900 | 5,800 | |
Hyundai Capital America 2.10% 20284 | 4,400 | 4,340 | |
Hyundai Capital Services, Inc. 1.25% 20264 | 3,695 | 3,641 | |
Limited Brands, Inc. 6.875% 2035 | 740 | 930 | |
Marriott International, Inc. 5.75% 2025 | 330 | 378 | |
Marriott International, Inc. 3.125% 2026 | 410 | 439 | |
Marriott International, Inc. 2.75% 2033 | 850 | 832 | |
McDonald’s Corp. 2.125% 2030 | 2,482 | 2,507 | |
McDonald’s Corp. 4.45% 2047 | 3,535 | 4,318 |
American Funds Insurance Series — The Bond Fund of America — Page 139 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
McDonald’s Corp. 3.625% 2049 | $2,938 | $3,209 | |
Meituan Dianping 3.05% 20304 | 3,200 | 2,970 | |
MGM Resorts International 7.75% 2022 | 2,000 | 2,057 | |
NIKE, Inc. 3.25% 2040 | 6,171 | 6,761 | |
NIKE, Inc. 3.875% 2045 | 1,560 | 1,854 | |
Nissan Motor Co., Ltd. 2.60% 20224 | 1,415 | 1,441 | |
Nissan Motor Co., Ltd. 3.043% 20234 | 240 | 250 | |
Nissan Motor Co., Ltd. 3.522% 20254 | 800 | 851 | |
Nissan Motor Co., Ltd. 2.00% 20264 | 12,000 | 12,034 | |
Nissan Motor Co., Ltd. 4.345% 20274 | 1,790 | 1,968 | |
Nissan Motor Co., Ltd. 2.75% 20284 | 11,200 | 11,330 | |
Nissan Motor Co., Ltd. 4.81% 20304 | 17,533 | 19,730 | |
Sands China, Ltd. 2.30% 20274 | 770 | 746 | |
Starbucks Corp. 3.75% 2047 | 3,785 | 4,130 | |
Starbucks Corp. 3.35% 2050 | 7,680 | 8,000 | |
Stellantis Finance US, Inc. 1.711% 20274 | 3,500 | 3,491 | |
Stellantis Finance US, Inc. 2.691% 20314 | 3,025 | 2,998 | |
Toyota Motor Credit Corp. 3.375% 2030 | 6,664 | 7,395 | |
Volkswagen Group of America Finance, LLC 4.00% 20214 | 4,510 | 4,528 | |
Volkswagen Group of America Finance, LLC 4.25% 20234 | 15,000 | 16,091 | |
Volkswagen Group of America Finance, LLC 2.85% 20244 | 2,996 | 3,151 | |
Volkswagen Group of America Finance, LLC 1.25% 20254 | 1,150 | 1,145 | |
Volkswagen Group of America Finance, LLC 3.35% 20254 | 2,636 | 2,819 | |
Wynn Resorts, Ltd. 5.125% 20294 | 410 | 414 | |
508,408 | |||
Health care 3.47% | |||
Abbott Laboratories 3.75% 2026 | 2,244 | 2,519 | |
Abbott Laboratories 4.75% 2036 | 4,565 | 5,814 | |
AbbVie, Inc. 3.20% 2022 | 9,600 | 9,852 | |
AbbVie, Inc. 3.20% 2029 | 23,754 | 25,610 | |
Amgen, Inc. 2.45% 2030 | 10,000 | 10,220 | |
Anthem, Inc. 2.375% 2025 | 1,534 | 1,599 | |
AstraZeneca Finance LLC 1.75% 2028 | 1,429 | 1,438 | |
AstraZeneca Finance LLC 2.25% 2031 | 2,087 | 2,121 | |
AstraZeneca PLC 4.00% 2029 | 5,920 | 6,768 | |
AstraZeneca PLC 3.00% 2051 | 1,437 | 1,485 | |
Bausch Health Companies, Inc. 4.875% 20284 | 830 | 861 | |
Bayer US Finance II LLC 3.875% 20234 | 8,783 | 9,348 | |
Bayer US Finance II LLC 4.25% 20254 | 17,570 | 19,431 | |
Boston Scientific Corp. 3.375% 2022 | 350 | 357 | |
Boston Scientific Corp. 3.85% 2025 | 255 | 279 | |
Centene Corp. 4.25% 2027 | 14,860 | 15,572 | |
Centene Corp. 2.45% 2028 | 12,410 | 12,487 | |
Centene Corp. 4.625% 2029 | 14,945 | 16,306 | |
Centene Corp. 3.375% 2030 | 15,718 | 16,292 | |
Centene Corp. 2.50% 2031 | 8,550 | 8,443 | |
Centene Corp. 2.625% 2031 | 2,510 | 2,496 | |
Cigna Corp. 4.375% 2028 | 7,090 | 8,200 | |
EMD Finance LLC 2.95% 20224 | 2,100 | 2,117 | |
GlaxoSmithKline PLC 3.375% 2023 | 16,800 | 17,640 | |
Kaiser Foundation Hospitals 2.81% 2041 | 910 | 922 | |
Laboratory Corporation of America Holdings 1.55% 2026 | 1,210 | 1,213 | |
Laboratory Corporation of America Holdings 2.70% 2031 | 805 | 824 |
American Funds Insurance Series — The Bond Fund of America — Page 140 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
Laboratory Corporation of America Holdings 4.70% 2045 | $4,160 | $5,100 | |
Novartis Capital Corp. 1.75% 2025 | 2,361 | 2,427 | |
Novartis Capital Corp. 2.20% 2030 | 5,446 | 5,587 | |
Shire PLC 3.20% 2026 | 15,100 | 16,297 | |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 16,420 | 16,343 | |
Teva Pharmaceutical Finance Co. BV 7.125% 2025 | 45,000 | 49,275 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 68,853 | 66,013 | |
Teva Pharmaceutical Finance Co. BV 6.75% 2028 | 26,824 | 30,680 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 46,666 | 40,314 | |
Thermo Fisher Scientific, Inc. 1.75% 2028 | 398 | 397 | |
Thermo Fisher Scientific, Inc. 2.00% 2031 | 1,235 | 1,209 | |
Thermo Fisher Scientific, Inc. 2.80% 2041 | 689 | 688 | |
UnitedHealth Group, Inc. 3.35% 2022 | 4,385 | 4,490 | |
UnitedHealth Group, Inc. 3.75% 2025 | 5,410 | 5,962 | |
UnitedHealth Group, Inc. 2.30% 2031 | 1,626 | 1,660 | |
UnitedHealth Group, Inc. 3.05% 2041 | 1,300 | 1,345 | |
UnitedHealth Group, Inc. 3.25% 2051 | 1,887 | 1,999 | |
Zimmer Holdings, Inc. 3.15% 2022 | 7,845 | 7,919 | |
457,919 | |||
Industrials 2.66% | |||
AerCap Ireland Capital, Ltd. / AerCap Global Aviation Trust 1.75% 2026 | 2,841 | 2,813 | |
Aeropuerto International de Tocume SA 4.00% 20414 | 730 | 752 | |
Aeropuerto International de Tocume SA 5.125% 20614 | 565 | 594 | |
Air Lease Corp. 0.80% 2024 | 3,175 | 3,157 | |
Air Lease Corp. 2.875% 2026 | 11,453 | 11,973 | |
Air Lease Corp. 2.10% 2028 | 2,450 | 2,381 | |
Avolon Holdings Funding, Ltd. 3.625% 20224 | 2,810 | 2,852 | |
Avolon Holdings Funding, Ltd. 3.95% 20244 | 12,514 | 13,292 | |
Avolon Holdings Funding, Ltd. 2.125% 20264 | 8,333 | 8,252 | |
Avolon Holdings Funding, Ltd. 4.25% 20264 | 3,302 | 3,553 | |
Avolon Holdings Funding, Ltd. 2.528% 20274 | 2,142 | 2,108 | |
Avolon Holdings Funding, Ltd. 3.25% 20274 | 8,000 | 8,255 | |
BNSF Funding Trust I, junior subordinated, 6.613% 2055 (3-month USD-LIBOR + 2.35% on 1/15/2026)3 | 1,680 | 1,919 | |
Boeing Company 4.508% 2023 | 11,358 | 12,002 | |
Boeing Company 1.95% 2024 | 5,646 | 5,780 | |
Boeing Company 2.80% 2024 | 500 | 520 | |
Boeing Company 4.875% 2025 | 34,682 | 38,614 | |
Boeing Company 2.196% 2026 | 16,571 | 16,697 | |
Boeing Company 2.75% 2026 | 16,588 | 17,287 | |
Boeing Company 3.10% 2026 | 649 | 686 | |
Boeing Company 2.70% 2027 | 6,473 | 6,703 | |
Boeing Company 5.04% 2027 | 15,716 | 18,088 | |
Boeing Company 3.25% 2028 | 11,379 | 12,027 | |
Boeing Company 3.25% 2028 | 1,925 | 2,017 | |
Boeing Company 5.15% 2030 | 42,874 | 50,347 | |
Boeing Company 3.625% 2031 | 1,602 | 1,716 | |
Boeing Company 3.90% 2049 | 1,411 | 1,455 | |
Boeing Company 5.805% 2050 | 4,122 | 5,504 | |
Carrier Global Corp. 3.377% 2040 | 15,000 | 15,760 | |
General Dynamics Corp. 3.625% 2030 | 675 | 756 | |
General Electric Capital Corp. 3.373% 2025 | 4,615 | 5,005 | |
General Electric Capital Corp. 4.418% 2035 | 3,700 | 4,444 |
American Funds Insurance Series — The Bond Fund of America — Page 141 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) | |
General Electric Co. 3.45% 2027 | $1,523 | $1,671 | |
General Electric Co. 3.625% 2030 | 675 | 751 | |
Mexico City Airport Trust 5.50% 2046 | 1,959 | 1,991 | |
Mexico City Airport Trust 5.50% 2047 | 5,909 | 6,047 | |
Mexico City Airport Trust 5.50% 20474 | 1,132 | 1,158 | |
Northrop Grumman Corp. 3.25% 2028 | 10,845 | 11,742 | |
Raytheon Technologies Corp. 1.90% 2031 | 3,087 | 2,998 | |
Raytheon Technologies Corp. 2.82% 2051 | 665 | 631 | |
Summit Digitel Infrastructure Private, Ltd. 2.875% 20314 | 2,550 | 2,453 | |
Triton Container International, Ltd. 1.15% 20244 | 1,609 | 1,607 | |
Triton Container International, Ltd. 3.15% 20314 | 2,482 | 2,508 | |
Union Pacific Corp. 2.15% 2027 | 2,213 | 2,298 | |
Union Pacific Corp. 2.40% 2030 | 4,454 | 4,578 | |
Union Pacific Corp. 2.375% 2031 | 5,554 | 5,694 | |
Union Pacific Corp. 3.25% 2050 | 7,000 | 7,360 | |
Union Pacific Corp. 2.95% 2052 | 1,201 | 1,195 | |
United Rentals, Inc. 5.50% 2027 | 5,000 | 5,254 | |
United Technologies Corp. 3.125% 2027 | 4,551 | 4,949 | |
United Technologies Corp. 4.125% 2028 | 4,974 | 5,665 | |
Vinci SA 3.75% 20294 | 2,000 | 2,235 | |
350,094 | |||
Communication services 2.34% | |||
AT&T, Inc. 0.90% 2024 | 13,000 | 13,021 | |
AT&T, Inc. 1.70% 2026 | 19,000 | 19,240 | |
AT&T, Inc. 1.65% 2028 | 4,700 | 4,666 | |
AT&T, Inc. 4.30% 2030 | 15,940 | 18,302 | |
AT&T, Inc. 2.55% 2033 | 15,003 | 14,774 | |
AT&T, Inc. 3.30% 2052 | 1,200 | 1,165 | |
AT&T, Inc. 3.50% 2053 | 22,365 | 22,179 | |
AT&T, Inc. 3.55% 2055 | 2,175 | 2,149 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 20274 | 4,800 | 5,004 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.25% 2029 | 2,970 | 2,969 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.80% 2031 | 5,642 | 5,659 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20344 | 3,875 | 3,844 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2048 | 5,000 | 6,327 | |
CenturyLink, Inc. 4.00% 20274 | 21,434 | 21,928 | |
Comcast Corp. 3.15% 2028 | 7,200 | 7,821 | |
Comcast Corp. 2.65% 2030 | 7,500 | 7,829 | |
Comcast Corp. 4.00% 2048 | 5,000 | 5,728 | |
Embarq Corp. 7.995% 2036 | 1,475 | 1,584 | |
SBA Tower Trust 1.631% 20264 | 6,741 | 6,732 | |
Sirius XM Radio, Inc. 4.00% 20284 | 675 | 687 | |
Tencent Holdings, Ltd. 2.39% 20304 | 10,000 | 9,838 | |
T-Mobile US, Inc. 3.50% 2025 | 3,275 | 3,529 | |
T-Mobile US, Inc. 2.25% 20264 | 1,954 | 1,978 | |
T-Mobile US, Inc. 2.25% 2026 | 434 | 439 | |
T-Mobile US, Inc. 2.625% 2026 | 9,691 | 9,921 | |
T-Mobile US, Inc. 3.75% 2027 | 5,000 | 5,512 | |
T-Mobile US, Inc. 2.625% 2029 | 3,117 | 3,154 | |
T-Mobile US, Inc. 3.875% 2030 | 4,500 | 4,971 | |
T-Mobile US, Inc. 2.875% 2031 | 7,913 | 7,990 | |
T-Mobile US, Inc. 3.50% 2031 | 9,000 | 9,503 | |
T-Mobile US, Inc. 3.50% 20314 | 629 | 664 |
American Funds Insurance Series — The Bond Fund of America — Page 142 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) | |
T-Mobile US, Inc. 3.00% 2041 | $2,100 | $2,035 | |
T-Mobile US, Inc. 3.40% 20524 | 12,280 | 12,001 | |
Verizon Communications, Inc. 2.10% 2028 | 8,975 | 9,118 | |
Verizon Communications, Inc. 4.329% 2028 | 1,539 | 1,771 | |
Verizon Communications, Inc. 1.75% 2031 | 3,300 | 3,139 | |
Verizon Communications, Inc. 2.55% 2031 | 8,375 | 8,484 | |
Verizon Communications, Inc. 2.355% 20324 | 4,743 | 4,693 | |
Verizon Communications, Inc. 3.40% 2041 | 2,050 | 2,143 | |
Verizon Communications, Inc. 2.875% 2050 | 3,000 | 2,801 | |
Verizon Communications, Inc. 3.55% 2051 | 1,975 | 2,085 | |
Vodafone Group PLC 4.375% 2028 | 10,000 | 11,492 | |
Vodafone Group PLC 4.25% 2050 | 3,050 | 3,521 | |
Walt Disney Company 2.65% 2031 | 15,000 | 15,671 | |
308,061 | |||
Consumer staples 1.50% | |||
7-Eleven, Inc. 1.80% 20314 | 5,013 | 4,777 | |
Altria Group, Inc. 4.40% 2026 | 4,585 | 5,152 | |
Altria Group, Inc. 4.50% 2043 | 1,585 | 1,685 | |
Altria Group, Inc. 5.95% 2049 | 9,039 | 11,464 | |
Anheuser-Busch InBev NV 4.75% 2029 | 7,500 | 8,837 | |
Anheuser-Busch InBev NV 5.55% 2049 | 5,000 | 6,783 | |
Anheuser-Busch InBev NV 4.50% 2050 | 1,355 | 1,621 | |
British American Tobacco International Finance PLC 3.95% 20254 | 16,879 | 18,339 | |
British American Tobacco International Finance PLC 1.668% 2026 | 4,070 | 4,074 | |
British American Tobacco PLC 3.557% 2027 | 10,991 | 11,849 | |
British American Tobacco PLC 2.259% 2028 | 4,348 | 4,318 | |
British American Tobacco PLC 4.39% 2037 | 1,500 | 1,613 | |
British American Tobacco PLC 4.54% 2047 | 12,786 | 13,267 | |
British American Tobacco PLC 4.758% 2049 | 23,659 | 25,620 | |
Conagra Brands, Inc. 5.30% 2038 | 436 | 555 | |
Conagra Brands, Inc. 5.40% 2048 | 57 | 76 | |
Constellation Brands, Inc. 3.50% 2027 | 7,500 | 8,236 | |
Constellation Brands, Inc. 2.875% 2030 | 620 | 646 | |
Constellation Brands, Inc. 2.25% 2031 | 1,487 | 1,464 | |
Imperial Tobacco Finance PLC 3.50% 20234 | 2,335 | 2,404 | |
JBS Investments GMBH II 7.00% 20264 | 3,868 | 4,049 | |
JBS Investments GMBH II 7.00% 2026 | 1,665 | 1,743 | |
JBS Luxembourg SARL 3.625% 20324 | 1,430 | 1,459 | |
JBS USA Lux SA 5.50% 20304 | 435 | 484 | |
Keurig Dr Pepper, Inc. 4.057% 2023 | 3,112 | 3,290 | |
Keurig Dr Pepper, Inc. 4.597% 2028 | 10,752 | 12,490 | |
Kraft Heinz Company 5.50% 2050 | 2,725 | 3,602 | |
Molson Coors Brewing Co. 4.20% 2046 | 4,165 | 4,618 | |
Philip Morris International, Inc. 4.25% 2044 | 9,550 | 10,939 | |
PT Indofood CBP Sukses Makmur Tbk 3.398% 2031 | 3,110 | 3,148 | |
PT Indofood CBP Sukses Makmur Tbk 4.745% 2051 | 685 | 708 | |
Reynolds American, Inc. 4.45% 2025 | 14,570 | 16,069 | |
Reynolds American, Inc. 5.85% 2045 | 1,970 | 2,367 | |
197,746 |
American Funds Insurance Series — The Bond Fund of America — Page 143 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Information technology 1.07% | Principal amount (000) | Value (000) | |
Analog Devices, Inc. 1.70% 2028 | $688 | $690 | |
Analog Devices, Inc. 2.10% 2031 | 2,868 | 2,877 | |
Analog Devices, Inc. 2.80% 2041 | 521 | 522 | |
Analog Devices, Inc. 2.95% 2051 | 2,876 | 2,881 | |
Apple, Inc. 2.70% 2051 | 7,080 | 6,839 | |
Broadcom Corp. / Broadcom Cayman Finance, Ltd. 3.875% 2027 | 7,027 | 7,726 | |
Broadcom, Inc. 2.45% 20314 | 3,500 | 3,392 | |
Broadcom, Inc. 4.30% 2032 | 6,000 | 6,729 | |
Broadcom, Inc. 3.469% 20344 | 38,820 | 40,011 | |
Broadcom, Inc. 3.137% 20354 | 1,164 | 1,162 | |
Broadcom, Inc. 3.187% 20364 | 4,803 | 4,797 | |
Microsoft Corp. 2.525% 2050 | 10,000 | 9,639 | |
Oracle Corp. 1.65% 2026 | 8,417 | 8,540 | |
Oracle Corp. 2.30% 2028 | 6,875 | 7,036 | |
Oracle Corp. 2.875% 2031 | 7,393 | 7,613 | |
Oracle Corp. 3.95% 2051 | 4,869 | 5,145 | |
PayPal Holdings, Inc. 1.65% 2025 | 6,989 | 7,165 | |
PayPal Holdings, Inc. 2.30% 2030 | 330 | 338 | |
salesforce.com, inc. 1.95% 2031 | 3,775 | 3,760 | |
salesforce.com, inc. 2.70% 2041 | 875 | 873 | |
salesforce.com, inc. 2.90% 2051 | 8,295 | 8,289 | |
salesforce.com, inc. 3.05% 2061 | 265 | 269 | |
Square, Inc. 2.75% 20264 | 1,975 | 2,004 | |
Square, Inc. 3.50% 20314 | 825 | 847 | |
VeriSign, Inc. 2.70% 2031 | 2,109 | 2,146 | |
141,290 | |||
Real estate 0.49% | |||
Alexandria Real Estate Equities, Inc. 3.95% 2028 | 1,425 | 1,601 | |
Alexandria Real Estate Equities, Inc. 4.50% 2029 | 150 | 174 | |
American Campus Communities, Inc. 3.75% 2023 | 2,900 | 3,020 | |
American Campus Communities, Inc. 3.875% 2031 | 620 | 692 | |
American Tower Corp. 1.45% 2026 | 657 | 654 | |
American Tower Corp. 2.30% 2031 | 1,180 | 1,164 | |
American Tower Corp. 2.70% 2031 | 1,100 | 1,125 | |
Corporacion Inmobiliaria Vesta, SAB de CV, 3.625% 20314 | 395 | 401 | |
Corporate Office Properties LP 2.00% 2029 | 1,139 | 1,117 | |
Corporate Office Properties LP 2.75% 2031 | 1,547 | 1,565 | |
Crown Castle International Corp. 2.50% 2031 | 5,218 | 5,218 | |
Equinix, Inc. 2.90% 2026 | 3,287 | 3,488 | |
Equinix, Inc. 3.20% 2029 | 3,846 | 4,083 | |
Equinix, Inc. 2.50% 2031 | 7,760 | 7,818 | |
Equinix, Inc. 3.40% 2052 | 1,201 | 1,225 | |
Essex Portfolio LP 3.25% 2023 | 335 | 347 | |
Essex Portfolio LP 3.875% 2024 | 1,000 | 1,070 | |
Essex Portfolio LP 2.55% 2031 | 4,338 | 4,384 | |
Extra Space Storage, Inc. 2.35% 2032 | 698 | 683 | |
Fibra SOMA 4.375% 20314 | 1,475 | 1,434 | |
Hospitality Properties Trust 5.00% 2022 | 1,270 | 1,280 | |
Hospitality Properties Trust 4.50% 2025 | 855 | 856 | |
Hospitality Properties Trust 3.95% 2028 | 1,710 | 1,614 | |
Invitation Homes Operating Partnership LP 2.00% 2031 | 2,048 | 1,968 | |
Iron Mountain, Inc. 4.875% 20274 | 1,605 | 1,668 | |
Iron Mountain, Inc. 5.25% 20284 | 3,500 | 3,662 |
American Funds Insurance Series — The Bond Fund of America — Page 144 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Real estate (continued) | Principal amount (000) | Value (000) | |
Kimco Realty Corp. 3.40% 2022 | $1,045 | $1,074 | |
Omega Healthcare Investors, Inc. 4.375% 2023 | 186 | 197 | |
Piedmont Operating Partnership LP 4.45% 2024 | 1,000 | 1,070 | |
Scentre Group 3.50% 20254 | 4,565 | 4,867 | |
Sun Communities Operating LP 2.30% 2028 | 1,026 | 1,029 | |
Sun Communities Operating LP 2.70% 2031 | 3,877 | 3,922 | |
64,470 | |||
Materials 0.12% | |||
Air Products and Chemicals, Inc. 2.70% 2040 | 2,911 | 2,937 | |
Glencore Funding LLC 2.625% 20314 | 790 | 774 | |
Glencore Funding LLC 3.375% 20514 | 370 | 352 | |
Huntsman International LLC 2.95% 2031 | 911 | 934 | |
International Flavors & Fragrances, Inc. 2.30% 20304 | 4,175 | 4,142 | |
LYB International Finance III, LLC 2.25% 2030 | 3,802 | 3,809 | |
LYB International Finance III, LLC 3.625% 2051 | 2,617 | 2,757 | |
15,705 | |||
Total corporate bonds, notes & loans | 4,156,776 | ||
Mortgage-backed obligations 15.39% Federal agency mortgage-backed obligations 13.82% | |||
Fannie Mae Pool #976945 5.50% 20237 | 18 | 18 | |
Fannie Mae Pool #AB1068 4.50% 20257 | 74 | 78 | |
Fannie Mae Pool #256133 4.50% 20267 | 103 | 111 | |
Fannie Mae Pool #AB5236 3.00% 20277 | 21 | 22 | |
Fannie Mae Pool #AO0800 3.00% 20277 | 17 | 18 | |
Fannie Mae Pool #AL3802 3.00% 20287 | 716 | 755 | |
Fannie Mae Pool #AR3058 3.00% 20287 | 96 | 101 | |
Fannie Mae Pool #AL8241 3.00% 20297 | 699 | 737 | |
Fannie Mae Pool #AL9573 3.00% 20317 | 82 | 87 | |
Fannie Mae Pool #AS8018 3.00% 20317 | 63 | 67 | |
Fannie Mae Pool #BM4741 3.00% 20327 | 48 | 50 | |
Fannie Mae Pool #924866 1.515% 20375,7 | 703 | 711 | |
Fannie Mae Pool #945680 6.00% 20377 | 614 | 726 | |
Fannie Mae Pool #913966 6.00% 20377 | 36 | 42 | |
Fannie Mae Pool #889982 5.50% 20387 | 1,209 | 1,412 | |
Fannie Mae Pool #988588 5.50% 20387 | 215 | 251 | |
Fannie Mae Pool #AB1297 5.00% 20407 | 222 | 251 | |
Fannie Mae Pool #AI1862 5.00% 20417 | 1,238 | 1,415 | |
Fannie Mae Pool #AH8144 5.00% 20417 | 1,040 | 1,171 | |
Fannie Mae Pool #AH9479 5.00% 20417 | 1,032 | 1,161 | |
Fannie Mae Pool #AI3510 5.00% 20417 | 773 | 883 | |
Fannie Mae Pool #AJ0704 5.00% 20417 | 700 | 800 | |
Fannie Mae Pool #AJ5391 5.00% 20417 | 424 | 483 | |
Fannie Mae Pool #BM6240 2.116% 20445,7 | 2,450 | 2,590 | |
Fannie Mae Pool #AZ3904 4.00% 20457 | 65 | 72 | |
Fannie Mae Pool #AL8522 3.50% 20467 | 1,171 | 1,277 | |
Fannie Mae Pool #BD1968 4.00% 20467 | 1,787 | 1,960 | |
Fannie Mae Pool #BE0592 4.00% 20467 | 474 | 510 | |
Fannie Mae Pool #BD5477 4.00% 20467 | 183 | 199 | |
Fannie Mae Pool #CA0770 3.50% 20477 | 6,826 | 7,274 | |
Fannie Mae Pool #CA0706 4.00% 20477 | 149 | 161 | |
Fannie Mae Pool #MA3058 4.00% 20477 | 63 | 68 |
American Funds Insurance Series — The Bond Fund of America — Page 145 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Fannie Mae Pool #BM4413 4.50% 20477 | $4,630 | $5,054 | |
Fannie Mae Pool #BF0293 3.00% 20487 | 9,675 | 10,318 | |
Fannie Mae Pool #FM4891 3.50% 20487 | 28,588 | 30,773 | |
Fannie Mae Pool #BF0318 3.50% 20487 | 8,507 | 9,212 | |
Fannie Mae Pool #CA1189 3.50% 20487 | 1,969 | 2,095 | |
Fannie Mae Pool #MA3384 4.00% 20487 | 166 | 178 | |
Fannie Mae Pool #BJ9169 4.00% 20487 | 104 | 112 | |
Fannie Mae Pool #BJ5749 4.00% 20487 | 24 | 26 | |
Fannie Mae Pool #BM4676 4.00% 20487 | 18 | 20 | |
Fannie Mae Pool #CA2493 4.50% 20487 | 997 | 1,081 | |
Fannie Mae Pool #CA3807 3.00% 20497 | 1,759 | 1,884 | |
Fannie Mae Pool #CA3806 3.00% 20497 | 1,006 | 1,081 | |
Fannie Mae Pool #FM0007 3.50% 20497 | 21,338 | 22,934 | |
Fannie Mae Pool #FM1954 3.50% 20497 | 9,617 | 10,323 | |
Fannie Mae Pool #FM1589 3.50% 20497 | 6,217 | 6,673 | |
Fannie Mae Pool #FM1262 4.00% 20497 | 34,440 | 37,209 | |
Fannie Mae Pool #FM5507 3.00% 20507 | 21,657 | 23,095 | |
Fannie Mae Pool #BF0145 3.50% 20577 | 15,241 | 16,621 | |
Fannie Mae Pool #BF0264 3.50% 20587 | 11,725 | 12,727 | |
Fannie Mae Pool #BF0332 3.00% 20597 | 25,732 | 27,838 | |
Fannie Mae Pool #BF0497 3.00% 20607 | 21,338 | 22,745 | |
Fannie Mae, Series 2001-4, Class GA, 9.00% 20255,7 | —8 | —8 | |
Fannie Mae, Series 2001-50, Class BA, 7.00% 20417 | 9 | 10 | |
Fannie Mae, Series 2002-W3, Class A5, 7.50% 20417 | 21 | 26 | |
Fannie Mae, Series 2002-W1, Class 2A, 5.278% 20425,7 | 27 | 29 | |
Freddie Mac Pool #ZK4277 3.00% 20277 | 389 | 410 | |
Freddie Mac Pool #ZK3970 3.00% 20277 | 129 | 136 | |
Freddie Mac Pool #ZS6521 3.00% 20277 | 90 | 95 | |
Freddie Mac Pool #ZK4162 3.00% 20277 | 33 | 35 | |
Freddie Mac Pool #ZK4039 3.00% 20277 | 4 | 5 | |
Freddie Mac Pool #ZS8463 3.00% 20277 | 4 | 4 | |
Freddie Mac Pool #ZS8507 3.00% 20287 | 169 | 179 | |
Freddie Mac Pool #ZK7590 3.00% 20297 | 3,651 | 3,868 | |
Freddie Mac Pool #ZK7593 3.00% 20297 | 182 | 193 | |
Freddie Mac Pool #ZT1931 3.00% 20337 | 219 | 231 | |
Freddie Mac Pool #A15120 5.50% 20337 | 60 | 67 | |
Freddie Mac Pool #QN1073 3.00% 20347 | 71 | 75 | |
Freddie Mac Pool #G05196 5.50% 20387 | 66 | 78 | |
Freddie Mac Pool #G05267 5.50% 20387 | 50 | 58 | |
Freddie Mac Pool #G06020 5.50% 20397 | 95 | 111 | |
Freddie Mac Pool #A93948 4.50% 20407 | 201 | 225 | |
Freddie Mac Pool #G05860 5.50% 20407 | 341 | 398 | |
Freddie Mac Pool #G06868 4.50% 20417 | 233 | 261 | |
Freddie Mac Pool #G06841 5.50% 20417 | 563 | 657 | |
Freddie Mac Pool #841039 2.191% 20435,7 | 2,127 | 2,257 | |
Freddie Mac Pool #Z40130 3.00% 20467 | 25,422 | 27,476 | |
Freddie Mac Pool #G61733 3.00% 20477 | 6,357 | 6,811 | |
Freddie Mac Pool #ZT2100 3.00% 20477 | 1,235 | 1,308 | |
Freddie Mac Pool #G08789 4.00% 20477 | 974 | 1,051 | |
Freddie Mac Pool #G67709 3.50% 20487 | 17,863 | 19,506 | |
Freddie Mac Pool #G61628 3.50% 20487 | 467 | 507 | |
Freddie Mac Pool #Q58494 4.00% 20487 | 1,467 | 1,583 | |
Freddie Mac Pool #QA4673 3.00% 20497 | 36,670 | 39,239 | |
Freddie Mac Pool #SD7507 3.00% 20497 | 22,827 | 24,430 |
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #SD7508 3.50% 20497 | $14,897 | $16,263 | |
Freddie Mac Pool #RA1369 3.50% 20497 | 2,981 | 3,203 | |
Freddie Mac Pool #ZN4842 3.50% 20497 | 1,142 | 1,227 | |
Freddie Mac, Series 3061, Class PN, 5.50% 20357 | 76 | 88 | |
Freddie Mac, Series 3318, Class JT, 5.50% 20377 | 184 | 211 | |
Freddie Mac, Series K020, Class A2, Multi Family, 2.373% 20227 | 4,162 | 4,202 | |
Freddie Mac, Series K718, Class A2, Multi Family, 2.791% 20227 | 6,861 | 6,885 | |
Freddie Mac, Series 3156, Class PO, principal only, 0% 20367 | 161 | 149 | |
Freddie Mac, Series 3146, Class PO, principal only, 0% 20367 | 150 | 136 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 20577 | 11,731 | 12,290 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 20587 | 2,584 | 2,714 | |
Government National Mortgage Assn. 2.00% 20517,9 | 92,000 | 93,157 | |
Government National Mortgage Assn. 2.50% 20517,9 | 27,227 | 28,059 | |
Government National Mortgage Assn. 2.50% 20517,9 | 7,829 | 8,083 | |
Government National Mortgage Assn. Pool #MA5817 4.00% 20497 | 20,509 | 21,870 | |
Government National Mortgage Assn. Pool #MA5876 4.00% 20497 | 2,924 | 3,113 | |
Government National Mortgage Assn. Pool #MA6221 4.50% 20497 | 9,309 | 9,943 | |
Government National Mortgage Assn. Pool #MA5764 4.50% 20497 | 1,031 | 1,103 | |
Government National Mortgage Assn. Pool #MA6042 5.00% 20497 | 65 | 70 | |
Uniform Mortgage-Backed Security 1.50% 20367,9 | 18,350 | 18,483 | |
Uniform Mortgage-Backed Security 2.00% 20367,9 | 39,650 | 40,838 | |
Uniform Mortgage-Backed Security 3.00% 20367,9 | 4,006 | 4,214 | |
Uniform Mortgage-Backed Security 2.00% 20517,9 | 256,026 | 255,696 | |
Uniform Mortgage-Backed Security 2.00% 20517,9 | 70,124 | 70,193 | |
Uniform Mortgage-Backed Security 2.50% 20517,9 | 393,658 | 404,192 | |
Uniform Mortgage-Backed Security 2.50% 20517,9 | 39,484 | 40,637 | |
Uniform Mortgage-Backed Security 3.00% 20517,9 | 144,000 | 150,689 | |
Uniform Mortgage-Backed Security 3.00% 20517,9 | 138,630 | 144,888 | |
Uniform Mortgage-Backed Security 3.50% 20517,9 | 42,785 | 45,273 | |
Uniform Mortgage-Backed Security 4.00% 20517,9 | 17,475 | 18,724 | |
Uniform Mortgage-Backed Security 4.50% 20517,9 | 15,000 | 16,225 | |
1,821,597 | |||
Collateralized mortgage-backed obligations (privately originated) 0.94% | |||
Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 20484,5,7 | 4,554 | 4,563 | |
Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 20554,7 | 260 | 262 | |
Bellemeade Re, Ltd., Series 2019-3A, Class M1B, (1-month USD-LIBOR + 1.60%) 1.686% 20294,5,7 | 3,175 | 3,187 | |
BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 20594,5,7 | 1,180 | 1,201 | |
BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 20594,5,7 | 912 | 933 | |
Cascade Funding Mortgage Trust, Series 2020-HB4, Class A, 0.946% 20304,5,7 | 899 | 901 | |
Cascade Funding Mortgage Trust, Series 2021-HB6, Class A, 0.898% 20364,5,7 | 2,548 | 2,551 | |
Citigroup Mortgage Loan Trust, Inc., Series 2020-EXP1, Class A1A, 1.804% 20604,5,7 | 606 | 613 | |
Credit Suisse Mortgage Trust, Series 2020-NET, Class A, 2.257% 20374,7 | 1,612 | 1,658 | |
Credit Suisse Mortgage Trust, Series 2017-RPL3, Class A1, 2.00% 20604,5,7 | 2,116 | 2,155 | |
Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.00% 20694,7 | 3,587 | 3,958 | |
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 20694,7 | 3,059 | 3,344 | |
Flagstar Mortgage Trust, Series 2021-10INV, Class A3, 2.50% 20514,5,7 | 8,449 | 8,608 | |
Flagstar Mortgage Trust, Series 2021-5INV, Class A2, 2.50% 20514,5,7 | 2,425 | 2,467 | |
Flagstar Mortgage Trust, Series 2021-8INV, Class A3, 2.50% 20514,5,7 | 2,317 | 2,347 | |
Flagstar Mortgage Trust, Series 2021-6INV, Class A4, 2.50% 20514,5,7 | 2,251 | 2,283 | |
Freddie Mac, Series 2021-DNA5, Class M2, (1-month USD-SOFR + 1.65%) 1.70% 20344,5,7 | 248 | 250 | |
Hundred Acre Wood Trust, Series 2021-INV1, Class A3, 2.50% 20514,5,7 | 1,017 | 1,034 | |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5, 3.409% 20507 | 240 | 264 | |
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 20594,5,7 | 1,200 | 1,202 |
American Funds Insurance Series — The Bond Fund of America — Page 147 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Collateralized mortgage-backed obligations (privately originated) (continued) | Principal amount (000) | Value (000) | |
Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 1.75% 20614,5,7 | $1,039 | $1,041 | |
MFRA Trust, Series 2021-RPL1, Class A1, 1.131% 20604,5,7 | 4,391 | 4,376 | |
Mortgage Repurchase Agreement Financing Trust, Series 2020-5, (1-month USD-LIBOR + 1.00%) 1.085% 20234,5,7 | 11,402 | 11,419 | |
MRA Issuance Trust, Series 2020-10, Class A2, (1-month USD-LIBOR + 1.70%) 1.70% 20224,5,7 | 25,588 | 25,616 | |
MRA Issuance Trust, Series 2021-16, Class A1, (1-month USD-LIBOR + 1.55%) 1.644% 20514,5,7 | 20,357 | 20,357 | |
Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 20604,7 | 14,318 | 14,513 | |
ZH Trust, Series 2021-2, Class A, 2.349% 20274,7 | 2,295 | 2,312 | |
123,415 | |||
Commercial mortgage-backed securities 0.63% | |||
Bank Commercial Mortgage Trust, Series 2019-BN17, Class A4, 3.714% 20527 | 100 | 112 | |
Bank Commercial Mortgage Trust, Series 2019-BN16, Class A4, 4.005% 20527 | 770 | 877 | |
Bank Commercial Mortgage Trust, Series 2019-BN19, Class A3, 3.183% 20617 | 1,018 | 1,104 | |
Bank Commercial Mortgage Trust, Series 2018-BN10, Class A4, 3.428% 20617 | 130 | 141 | |
Bank Commercial Mortgage Trust, Series 2018-BN10, Class A5, 3.688% 20617 | 205 | 228 | |
Bank Commercial Mortgage Trust, Series 2018-BN12, Class A4, 4.255% 20615,7 | 2,444 | 2,796 | |
Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 20637 | 295 | 303 | |
Benchmark Mortgage Trust, Series 2018-B8, Class A5, 4.232% 20527 | 2,541 | 2,926 | |
Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 20535,7 | 781 | 913 | |
BX Trust, Series 2021-VOLT, Class A, (1-month USD-LIBOR + 0.70%) 0.80% 20364,5,7 | 14,727 | 14,756 | |
BX Trust, Series 2021-VOLT, Class B, (1-month USD-LIBOR + 0.95%) 1.05% 20364,5,7 | 360 | 361 | |
BX Trust, Series 2021-SOAR, Class A, (1-month USD-LIBOR + 0.67%) 0.754% 20384,5,7 | 3,769 | 3,775 | |
BX Trust, Series 2021-SOAR, Class B, (1-month USD-LIBOR + 0.87%) 0.954% 20384,5,7 | 436 | 437 | |
BX Trust, Series 2021-SOAR, Class C, (1-month USD-LIBOR + 1.10%) 1.184% 20384,5,7 | 295 | 296 | |
BX Trust, Series 2021-SOAR, Class D, (1-month USD-LIBOR + 1.40%) 1.484% 20384,5,7 | 746 | 749 | |
CIM Retail Portfolio Trust, Series 2021-RETL, Class A, (1-month USD-LIBOR + 1.40%) 1.484% 20264,5,7 | 1,350 | 1,354 | |
Citigroup Commercial Mortgage Trust, Series 2016-C1, Class AS, 3.514% 20497 | 250 | 267 | |
Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 20497 | 610 | 665 | |
Commercial Mortgage Trust, Series 2013-LC13, Class B, 5.009% 20464,5,7 | 312 | 332 | |
Commercial Mortgage Trust, Series 2014-LC15, Class AM, 4.198% 20477 | 350 | 374 | |
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class C, 4.713% 20485,7 | 204 | 217 | |
CSAIL Commercial Mortgage Trust, Series 2015-C2, Class A3, 3.231% 20577 | 1,332 | 1,399 | |
Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class AM, 3.539% 20497 | 200 | 214 | |
Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD-LIBOR + 1.08%) 1.164% 20384,5,7 | 2,865 | 2,878 | |
Extended Stay America Trust, Series 2021-ESH, Class B, (1-month USD-LIBOR + 1.38%) 1.464% 20384,5,7 | 654 | 658 | |
Extended Stay America Trust, Series 2021-ESH, Class C, (1-month USD-LIBOR + 1.70%) 1.784% 20384,5,7 | 682 | 689 | |
Extended Stay America Trust, Series 2021-ESH, Class D, (1-month USD-LIBOR + 2.25%) 2.334% 20384,5,7 | 682 | 692 | |
Grace Mortgage Trust, Series 2020-GRCE, Class A, 2.347% 20404,7 | 2,601 | 2,642 | |
GS Mortgage Securities Trust, Series 2017-GS7, Class A4, 3.43% 20507 | 400 | 437 | |
GS Mortgage Securities Trust, Series 2019-GC38, Class A4, 3.968% 20527 | 100 | 114 | |
GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 20537 | 1,536 | 1,575 | |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class A5, 4.079% 20477 | 3,280 | 3,501 | |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C5, Class A5, 3.694% 20507 | 640 | 703 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2018-BCON, Class A, 3.735% 20314,7 | 785 | 810 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A4, 3.648% 20495,7 | 2,040 | 2,240 | |
L.A. Arena Funding, LLC, Series 1, Class A, 7.656% 20264,7 | 153 | 153 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C17, Class A5, 3.741% 20477 | 2,038 | 2,182 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A-4, 3.306% 20487 | 410 | 438 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class A-4, 3.72% 20497 | 245 | 270 | |
Morgan Stanley Capital I Trust, Series 2015-UBS8, Class AS, 4.114% 20487 | 730 | 793 | |
Morgan Stanley Capital I Trust, Series 2016-UBS9, Class C, 4.698% 20495,7 | 208 | 220 | |
Motel 6 Trust, Series 2021-MTL6, Class A, (1-month USD-LIBOR + 0.90%) 1.00% 20384,5,7 | 818 | 820 | |
Motel 6 Trust, Series 2021-MTL6, Class B, (1-month USD-LIBOR + 1.20%) 1.30% 20384,5,7 | 524 | 525 |
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Commercial mortgage-backed securities (continued) | Principal amount (000) | Value (000) | |
Motel 6 Trust, Series 2021-MTL6, Class C, (1-month USD-LIBOR + 1.50%) 1.60% 20384,5,7 | $157 | $158 | |
SLG Office Trust, Series 2021-OVA, Class A, 2.585% 20414,7 | 8,217 | 8,513 | |
SREIT Trust, Series 2021-FLWR, Class A, (1-month USD-LIBOR + 0.577%) 0.661% 20364,5,7 | 9,351 | 9,344 | |
SREIT Trust, Series 2021-FLWR, Class B, (1-month USD-LIBOR + 0.926%) 1.01% 20364,5,7 | 1,000 | 1,000 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-SG1, Class A-4, 3.789% 20487 | 2,413 | 2,589 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class C, 4.23% 20485,7 | 220 | 231 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-BNK1, Class B, 2.967% 20497 | 350 | 354 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-C37, Class A5, 3.794% 20497 | 2,550 | 2,823 | |
Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class A4, 3.146% 20527 | 1,019 | 1,102 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class AS, 3.988% 20597 | 250 | 272 | |
Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class A4, 3.631% 20607 | 205 | 225 | |
83,547 | |||
Total mortgage-backed obligations | 2,028,559 | ||
Asset-backed obligations 3.48% | |||
Aesop Funding LLC, Series 2019-2A, Class A, 3.35% 20254,7 | 2,210 | 2,358 | |
Aesop Funding LLC, Series 2018-2A, Class A, 4.00% 20254,7 | 2,755 | 2,955 | |
Aesop Funding LLC, Series 2020-1A, Class A, 2.33% 20264,7 | 7,689 | 8,006 | |
Aesop Funding LLC, Series 2021-1A, Class A, 1.38% 20274,7 | 3,445 | 3,445 | |
Aesop Funding LLC, Series 2021-1A, Class B, 1.63% 20274,7 | 531 | 530 | |
Aesop Funding LLC, Series 2020-2, Class A, 2.02% 20274,7 | 2,427 | 2,492 | |
Aesop Funding LLC, Series 2021-1A, Class C, 2.13% 20274,7 | 193 | 193 | |
Aesop Funding LLC, Series 2020-2A, Class B, 2.96% 20274,7 | 623 | 658 | |
Aesop Funding LLC, Series 2020-2A, Class C, 4.25% 20274,7 | 1,279 | 1,388 | |
Affirm Asset Securitization Trust, Series 2021-B, Class A, 1.03% 20264,7 | 701 | 702 | |
American Credit Acceptance Receivables Trust, Series 2020-3, Class C, 1.85% 20264,7 | 2,602 | 2,642 | |
American Credit Acceptance Receivables Trust, Series 2020-3, Class D, 2.40% 20264,7 | 2,500 | 2,570 | |
American Credit Acceptance Receivables Trust, Series 2021-1, Class C, 0.83% 20274,7 | 1,465 | 1,467 | |
American Credit Acceptance Receivables Trust, Series 2021-1, Class D, 1.14% 20274,7 | 806 | 807 | |
AmeriCredit Automobile Receivables Trust, Series 2021-2, Class B, 0.69% 20277 | 997 | 996 | |
AmeriCredit Automobile Receivables Trust, Series 2021-2, Class C, 1.01% 20277 | 1,109 | 1,106 | |
AmeriCredit Automobile Receivables Trust, Series 2021-2, Class D, 1.29% 20277 | 2,613 | 2,612 | |
Ballyrock CLO, Ltd., Series 2019-2A, Class A1AR, (3-month USD-LIBOR + 1.00%) 1.131% 20304,5,7 | 575 | 575 | |
Bankers Healthcare Group Securitization Trust, Series 2021-B, Class A, 0.90% 20344,7 | 331 | 332 | |
Bankers Healthcare Group Securitization Trust, Series 2021-B, Class B, 1.67% 20344,7 | 269 | 268 | |
Blackbird Capital II Aircraft Lease Ltd. / Blackbird Capital II Aircraft Lease US LLC, Series 2021-1, Class A, 2.443% 20464,7 | 4,591 | 4,607 | |
Blackbird Capital II Aircraft Lease Ltd. / Blackbird Capital II Aircraft Lease US LLC, Series 2021-1, Class B, 3.446% 20464,7 | 526 | 530 | |
CarMaxAuto Owner Trust, Series 2019-2, Class C, 3.16% 20257 | 400 | 415 | |
CarMaxAuto Owner Trust, Series 2021-1, Class C, 0.94% 20267 | 210 | 209 | |
CarMaxAuto Owner Trust, Series 2021-1, Class D, 1.28% 20277 | 206 | 205 | |
Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 20414,7 | 1,288 | 1,288 | |
CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20604,7 | 10,830 | 10,985 | |
CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20604,7 | 2,058 | 2,062 | |
CF Hippolyta LLC, Series 2020-1, Class B1, 2.28% 20604,7 | 3,547 | 3,603 | |
CF Hippolyta LLC, Series 2020-1, Class B2, 2.60% 20604,7 | 384 | 388 | |
CF Hippolyta LLC, Series 2021-1, Class A1, 1.53% 20614,7 | 6,323 | 6,370 | |
CF Hippolyta LLC, Series 2021-1, Class B1, 1.98% 20614,7 | 2,002 | 2,010 | |
CLI Funding V LLC, Series 2020-2A, Class A, 2.03% 20454,7 | 2,714 | 2,733 | |
CLI Funding V LLC, Series 2020-3A, Class A, 2.07% 20454,7 | 5,691 | 5,742 | |
CLI Funding V LLC, Series 2021-1A, Class A, 1.64% 20464,7 | 4,496 | 4,449 | |
CLI Funding LLC, Series 2021-1A, Class B, 2.38% 20464,7 | 505 | 502 |
American Funds Insurance Series — The Bond Fund of America — Page 149 of 242
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Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
CPS Auto Receivables Trust, Series 2019-B, Class C, 3.35% 20244,7 | $341 | $343 | |
CPS Auto Receivables Trust, Series 2019-C, Class C, 2.84% 20254,7 | 570 | 574 | |
CPS Auto Receivables Trust, Series 2019-C, Class D, 3.17% 20254,7 | 1,125 | 1,154 | |
CPS Auto Receivables Trust, Series 2019-B, Class D, 3.69% 20254,7 | 3,045 | 3,093 | |
CPS Auto Receivables Trust, Series 2021-A, Class C, 0.83% 20264,7 | 694 | 694 | |
CPS Auto Receivables Trust, Series 2021-A, Class D, 1.16% 20264,7 | 590 | 590 | |
Credit Acceptance Auto Loan Trust, Series 2020-1A, Class A, 2.01% 20294,7 | 7,411 | 7,517 | |
Credit Acceptance Auto Loan Trust, Series 2021-3A, Class A, 1.00% 20304,7 | 1,900 | 1,902 | |
Drive Auto Receivables Trust, Series 2021-1, Class B, 0.65% 20257 | 2,524 | 2,532 | |
Drive Auto Receivables Trust, Series 2019-3, Class C, 2.90% 20257 | 4,910 | 4,964 | |
Drive Auto Receivables Trust, Series 2019-2, Class C, 3.42% 20257 | 3,342 | 3,378 | |
Drive Auto Receivables Trust, Series 2019-3, Class D, 3.18% 20267 | 4,020 | 4,137 | |
Drive Auto Receivables Trust, Series 2021-1, Class C, 1.02% 20277 | 5,369 | 5,394 | |
Drive Auto Receivables Trust, Series 2021-1, Class D, 1.45% 20297 | 4,053 | 4,067 | |
Drivetime Auto Owner Trust, Series 2019-3, Class C, 2.74% 20254,7 | 800 | 807 | |
Drivetime Auto Owner Trust, Series 2019-3, Class D, 2.96% 20254,7 | 1,915 | 1,972 | |
Drivetime Auto Owner Trust, Series 2019-2A, Class C, 3.18% 20254,7 | 2,163 | 2,184 | |
Drivetime Auto Owner Trust, Series 2019-2A, Class D, 3.48% 20254,7 | 4,250 | 4,386 | |
Drivetime Auto Owner Trust, Series 2021-1A, Class C, 0.84% 20264,7 | 825 | 826 | |
Drivetime Auto Owner Trust, Series 2021-1A, Class D, 1.16% 20264,7 | 449 | 448 | |
Drivetime Auto Owner Trust, Series 2020-3A, Class C, 1.47% 20264,7 | 817 | 827 | |
Drivetime Auto Owner Trust, Series 2021-2A, Class B, 0.81% 20274,7 | 1,179 | 1,183 | |
Drivetime Auto Owner Trust, Series 2021-2A, Class C, 1.10% 20274,7 | 1,231 | 1,235 | |
Drivetime Auto Owner Trust, Series 2021-2A, Class D, 1.50% 20274,7 | 832 | 834 | |
Dryden Senior Loan Fund, CLO, Series 2014-33A, Class AR3, (3-month USD-LIBOR + 1.00%) 1.126% 20294,5,7 | 395 | 395 | |
EDvestinU Private Education Loan LLC, Series 2021-A, Class A, 1.80% 20454,7 | 560 | 559 | |
Exeter Automobile Receivables Trust, Series 2019-3A, Class C, 2.79% 20244,7 | 4,187 | 4,222 | |
Exeter Automobile Receivables Trust, Series 2019-2A, Class C, 3.30% 20244,7 | 1,426 | 1,437 | |
Exeter Automobile Receivables Trust, Series 2019-1A, Class C, 3.82% 20244,7 | 914 | 917 | |
Exeter Automobile Receivables Trust, Series 2021-2, Class B, 0.57% 20257 | 1,663 | 1,666 | |
Exeter Automobile Receivables Trust, Series 2020-3A, Class C, 1.32% 20257 | 780 | 789 | |
Exeter Automobile Receivables Trust, Series 2020-1A, Class D, 2.73% 20254,7 | 900 | 927 | |
Exeter Automobile Receivables Trust, Series 2019-3A, Class D, 3.11% 20254,7 | 5,000 | 5,153 | |
Exeter Automobile Receivables Trust, Series 2019-2A, Class D, 3.71% 20254,7 | 6,000 | 6,220 | |
Exeter Automobile Receivables Trust, Series 2021-2, Class C, 0.98% 20267 | 1,807 | 1,812 | |
Exeter Automobile Receivables Trust, Series 2020-3A, Class D, 1.73% 20267 | 1,012 | 1,031 | |
Exeter Automobile Receivables Trust, Series 2021-2, Class D, 1.40% 20277 | 2,612 | 2,609 | |
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 20374,7 | 18,109 | 18,067 | |
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 20304,7 | 17,675 | 18,622 | |
Ford Credit Auto Owner Trust, Series 2020-1, Class A, 2.04% 20314,7 | 1,127 | 1,167 | |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 20314,7 | 30,070 | 32,229 | |
Ford Credit Floorplan Master Owner Trust, Series 2019-3, Class A1, 2.23% 20247 | 2,625 | 2,674 | |
FREED ABS Trust, Series 2021-2, Class A, 0.68% 20284,7 | 1,354 | 1,355 | |
GCI Funding I LLC, Series 2020-1, Class A, 2.82% 20454,7 | 2,544 | 2,579 | |
GCI Funding I LLC, Series 2021-1, Class A, 2.38% 20464,7 | 1,629 | 1,642 | |
GCI Funding I LLC, Series 2021-1, Class B, 3.04% 20464,7 | 181 | 181 | |
Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 20404,7 | 3,425 | 3,482 | |
Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 20414,7 | 11,376 | 11,365 | |
Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 20414,7 | 3,173 | 3,181 | |
Global SC Finance VII SRL, Series 2021-2A, Class B, 2.49% 20414,7 | 248 | 246 | |
GM Financial Automobile Leasing Trust, Series 2020-2, Class C, 2.56% 20247 | 301 | 310 | |
GM Financial Automobile Leasing Trust, Series 2020-2, Class D, 3.21% 20247 | 425 | 440 | |
Hertz Vehicle Financing LLC, Series 2021-1A, Class A, 1.21% 20254,7 | 18,033 | 18,117 | |
Hertz Vehicle Financing LLC, Series 2021-1A, Class B, 1.56% 20254,7 | 1,171 | 1,178 | |
Hertz Vehicle Financing LLC, Series 2021-1A, Class C, 2.05% 20254,7 | 810 | 818 |
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Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class A, 1.68% 20274,7 | $19,539 | $19,609 | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class B, 2.12% 20274,7 | 1,264 | 1,275 | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class C, 2.52% 20274,7 | 859 | 871 | |
Madison Park Funding, Ltd., CLO, Series 2015-17A, Class AR2, (3-month USD-LIBOR + 1.00%) 1.134% 20304,5,7 | 900 | 900 | |
Marathon CLO, Ltd., Series 2017-9A, Class A1AR, (3-month USD-LIBOR + 1.15%) 1.276% 20294,5,7 | 1,050 | 1,050 | |
Mission Lane Credit Card Master Trust, Series 2021-A, Class A, 1.59% 20264,7 | 1,242 | 1,242 | |
Mission Lane Credit Card Master Trust, Series 2021-A, Class B, 2.24% 20264,7 | 230 | 231 | |
Navient Student Loan Trust, Series 2021-EA, Class A, 0.97% 20694,7 | 3,324 | 3,315 | |
Navient Student Loan Trust, Series 2021-C, Class A, 1.06% 20694,7 | 5,718 | 5,732 | |
Nelnet Student Loan Trust, Series 2021-C, Class AFL, (1-month USD-LIBOR + 0.74%) 0.829% 20624,5,7 | 5,816 | 5,831 | |
Nelnet Student Loan Trust, Series 2021-C, Class AFX, 1.32% 20624,7 | 453 | 452 | |
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 20624,7 | 7,596 | 7,597 | |
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 20624,7 | 17,425 | 17,453 | |
Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD-LIBOR + 0.97%) 1.095% 20304,5,7 | 275 | 275 | |
Palmer Square Loan Funding, CLO, Series 2019-2, Class A1, (3-month USD-LIBOR + 0.97%) 1.104% 20274,5,7 | 924 | 924 | |
Palmer Square Loan Funding, CLO, Series 2019-1A, Class A1, (3-month USD-LIBOR + 1.05%) 1.184% 20274,5,7 | 1,629 | 1,630 | |
Palmer Square Loan Funding, CLO, Series 2020-4, Class A1, (3-month USD-LIBOR + 1.00%) 1.129% 20284,5,7 | 1,945 | 1,946 | |
Palmer Square Loan Funding, CLO, Series 2021-1, Class A1, (3-month USD-LIBOR + 0.90%) 1.034% 20294,5,7 | 396 | 396 | |
PFS Financing Corp., Series 2021-B, Class A, 0.775% 20264,7 | 7,884 | 7,865 | |
Prestige Auto Receivables Trust, Series 2019-1A, Class C, 2.70% 20244,7 | 2,190 | 2,221 | |
Prestige Auto Receivables Trust, Series 2019-1A, Class D, 3.01% 20254,7 | 1,355 | 1,386 | |
Prodigy Finance Designated Activity Co., Series 2021-1A, Class A, (1-month USD-LIBOR + 1.25%) 1.336% 20514,5,7 | 1,145 | 1,150 | |
Santander Drive Auto Receivables Trust, Series 2021-2, Class B, 0.59% 20257 | 1,510 | 1,513 | |
Santander Drive Auto Receivables Trust, Series 2019-2, Class D, 3.22% 20257 | 3,110 | 3,196 | |
Santander Drive Auto Receivables Trust, Series 2021-2, Class C, 0.90% 20267 | 2,812 | 2,824 | |
Santander Drive Auto Receivables Trust, Series 2020-3, Class C, 1.12% 20267 | 3,344 | 3,366 | |
Santander Drive Auto Receivables Trust, Series 2020-3, Class D, 1.64% 20267 | 2,211 | 2,243 | |
Santander Drive Auto Receivables Trust, Series 2021-3, Class C, 0.95% 20277 | 1,677 | 1,681 | |
Santander Drive Auto Receivables Trust, Series 2021-3, Class D, 1.33% 20277 | 2,236 | 2,237 | |
Santander Drive Auto Receivables Trust, Series 2021-2, Class D, 1.35% 20277 | 1,802 | 1,811 | |
Slam, Ltd., Series 2021-1, Class A, 2.434% 20464,7 | 2,869 | 2,879 | |
Slam, Ltd., Series 2021-1, Class B, 3.422% 20464,7 | 529 | 532 | |
Sound Point CLO, Ltd., Series 2015-1RA, Class AR, (3-month USD-LIBOR + 1.08%) 1.206% 20304,5,7 | 475 | 475 | |
SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 20754,7 | 3,101 | 3,101 | |
TAL Advantage V LLC, Series 2020-1A, Class A, 2.05% 20454,7 | 3,482 | 3,513 | |
Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 20454,7 | 2,568 | 2,596 | |
Textainer Marine Containers, Ltd., Series 2020-1A, Class A, 2.73% 20454,7 | 5,148 | 5,228 | |
Textainer Marine Containers, Ltd., Series 2021-1A, Class A, 1.68% 20464,7 | 6,915 | 6,827 | |
Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 20464,7 | 5,800 | 5,875 | |
Textainer Marine Containers, Ltd., Series 2021-1A, Class B, 2.52% 20464,7 | 413 | 412 | |
TIF Funding II LLC, Series 2020-1A, Class A, 2.09% 20454,7 | 4,890 | 4,929 | |
TIF Funding II LLC, Series 2021-1A, Class A, 1.65% 20464,7 | 4,008 | 3,932 | |
TIF Funding II LLC, Series 2021-1A, Class B, 2.54% 20464,7 | 145 | 144 | |
Toyota Auto Loan Extended Note Trust, Series 2019-1, Class A, 2.56% 20314,7 | 6,000 | 6,295 | |
Triton Container Finance VIII LLC, Series 2020-1, Class A, 2.11% 20454,7 | 11,786 | 11,892 | |
Triton Container Finance VIII LLC, Series 2021-1, Class A, 1.86% 20464,7 | 4,726 | 4,696 | |
Triton Container Finance VIII LLC, Series 2021-1A, Class B, 2.58% 20464,7 | 390 | 388 | |
Westlake Automobile Receivables Trust, Series 2020-3A, Class C, 1.24% 20254,7 | 1,557 | 1,570 | |
Westlake Automobile Receivables Trust, Series 2021-2, Class B, 0.62% 20264,7 | 1,690 | 1,691 | |
Westlake Automobile Receivables Trust, Series 2021-2, Class C, 0.89% 20264,7 | 2,181 | 2,184 | |
Westlake Automobile Receivables Trust, Series 2021-2, Class D, 1.23% 20264,7 | 1,446 | 1,445 | |
Westlake Automobile Receivables Trust, Series 2020-3A, Class D, 1.65% 20264,7 | 3,023 | 3,069 | |
458,526 |
American Funds Insurance Series — The Bond Fund of America — Page 151 of 242
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Bonds, notes & other debt instruments (continued) Municipals 1.63% California 0.06% | Principal amount (000) | Value (000) | |
G.O. Bonds, Series 2009, 7.50% 2034 | $2,100 | $3,236 | |
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B, 2.746% 2034 | 650 | 650 | |
High-Speed Passenger Train G.O. Rev. Ref. Bonds, Series 2017-A, 2.367% 2022 | 3,775 | 3,816 | |
7,702 | |||
Illinois 1.49% | |||
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-C, 6.319% 2029 | 65 | 78 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2009-E, 6.138% 2039 | 30,835 | 37,416 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-D, 6.519% 2040 | 8,945 | 11,322 | |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Qualified School Construction Bonds), Series 2009-G, 1.75% 2025 | 2,500 | 2,423 | |
G.O. Bonds, Series 2013-B, 4.11% 2022 | 750 | 760 | |
G.O. Bonds, Series 2013-B, 4.31% 2023 | 2,125 | 2,210 | |
G.O. Bonds, Pension Funding, Series 2003, 4.95% 2023 | 11,625 | 12,271 | |
G.O. Bonds, Pension Funding, Series 2003, 5.10% 2033 | 107,000 | 124,797 | |
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.85% 2022 | 2,370 | 2,413 | |
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.95% 2023 | 3,210 | 3,406 | |
197,096 | |||
New York 0.05% | |||
Dormitory Auth., Taxable State Personal Income Tax Rev. Bonds (General Purpose), Series 2021-C, 2.202% 2034 | 6,390 | 6,362 | |
Texas 0.03% | |||
Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 2052 | 4,075 | 4,215 | |
Total municipals | 215,375 | ||
Bonds & notes of governments & government agencies outside the U.S. 0.98% | |||
Chile (Republic of) 3.10% 2041 | 2,340 | 2,263 | |
China (People’s Republic of), Series INBK, 3.81% 2050 | CNY13,380 | 2,198 | |
China (People’s Republic of), Series INBK, 3.72% 2051 | 48,340 | 7,904 | |
Colombia (Republic of), Series B, 5.75% 2027 | COP24,813,800 | 6,132 | |
Dominican Republic 5.95% 20274 | $8,100 | 9,133 | |
Hungary (Republic of) 2.125% 20314 | 2,135 | 2,106 | |
Panama (Republic of) 3.87% 2060 | 7,500 | 7,363 | |
Panama Bonos Del Tesoro 3.362% 2031 | 15,625 | 15,781 | |
Paraguay (Republic of) 5.00% 2026 | 1,250 | 1,392 | |
Peru (Republic of) 6.35% 2028 | PEN5,840 | 1,461 | |
Peru (Republic of) 5.94% 2029 | 6,005 | 1,461 | |
Peru (Republic of) 2.783% 2031 | $3,790 | 3,760 | |
Peru (Republic of) 6.15% 2032 | PEN5,695 | 1,338 | |
Philippines (Republic of) 3.20% 2046 | $4,900 | 4,835 | |
Portuguese Republic 5.125% 2024 | 24,775 | 27,942 | |
PT Indonesia Asahan Aluminium Tbk 5.23% 20214 | 1,862 | 1,872 | |
PT Indonesia Asahan Aluminium Tbk 5.71% 20234 | 1,020 | 1,116 | |
PT Indonesia Asahan Aluminium Tbk 4.75% 20254 | 1,270 | 1,383 | |
PT Indonesia Asahan Aluminium Tbk 5.45% 20304 | 340 | 391 | |
PT Indonesia Asahan Aluminium Tbk 5.80% 20504 | 1,150 | 1,349 | |
Qatar (State of) 4.50% 20284 | 5,100 | 5,957 | |
Qatar (State of) 5.103% 20484 | 3,400 | 4,519 |
American Funds Insurance Series — The Bond Fund of America — Page 152 of 242
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Bonds, notes & other debt instruments (continued) Bonds & notes of governments & government agencies outside the U.S. (continued) | Principal amount (000) | Value (000) | |
Saudi Arabia (Kingdom of) 3.628% 20274 | $5,000 | $5,481 | |
Saudi Arabia (Kingdom of) 3.625% 20284 | 11,435 | 12,577 | |
129,714 | |||
Federal agency bonds & notes 0.10% | |||
Fannie Mae 2.125% 20261 | 11,910 | 12,552 | |
Total bonds, notes & other debt instruments (cost: $12,619,426,000) | 12,926,428 | ||
Short-term securities 12.05% Money market investments 12.05% | Shares | ||
Capital Group Central Cash Fund 0.06%10,11 | 15,884,569 | 1,588,616 | |
Total short-term securities (cost: $1,588,536,000) | 1,588,616 | ||
Total investment securities 110.10% (cost: $14,207,962,000) | 14,515,044 | ||
Other assets less liabilities (10.10)% | (1,331,184) | ||
Net assets 100.00% | $13,183,860 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount12 (000) | Value at 9/30/202113 (000) | Unrealized appreciation (depreciation) at 9/30/2021 (000) |
90 Day Euro Dollar Futures | Long | 360 | March 2022 | $90,000 | $89,870 | $4 |
90 Day Euro Dollar Futures | Short | 360 | September 2022 | (90,000) | (89,717) | 27 |
90 Day Euro Dollar Futures | Long | 390 | December 2022 | 97,500 | 97,017 | (56) |
2 Year U.S. Treasury Note Futures | Long | 530 | December 2021 | 106,000 | 116,629 | (90) |
5 Year U.S. Treasury Note Futures | Short | 3,008 | December 2021 | (300,800) | (369,209) | 2,104 |
10 Year U.S. Treasury Note Futures | Short | 2,514 | December 2021 | (251,400) | (330,866) | 3,654 |
10 Year Ultra U.S. Treasury Note Futures | Short | 8,062 | December 2021 | (806,200) | (1,171,005) | 19,891 |
20 Year U.S. Treasury Bond Futures | Long | 1,948 | December 2021 | 194,800 | 310,158 | (8,150) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 2,334 | December 2021 | 233,400 | 445,940 | (14,281) |
$3,103 |
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 9/30/2021 (000) | |
Purchases (000) | Sales (000) | |||
USD3,210 | PEN13,100 | Morgan Stanley | 10/7/2021 | $42 |
CAD9,725 | USD7,720 | HSBC Bank | 10/8/2021 | (42) |
USD30,636 | EUR25,845 | Standard Chartered Bank | 10/12/2021 | 691 |
AUD10,500 | USD7,761 | HSBC Bank | 10/12/2021 | (170) |
NZD11,225 | USD7,975 | Morgan Stanley | 10/12/2021 | (227) |
KRW25,803,000 | USD22,148 | Citibank | 10/12/2021 | (364) |
USD14,597 | JPY1,602,950 | JPMorgan Chase | 10/13/2021 | 193 |
USD6,411 | COP24,638,500 | Citibank | 10/22/2021 | (48) |
American Funds Insurance Series — The Bond Fund of America — Page 153 of 242
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Forward currency contracts (continued)
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 9/30/2021 (000) | |
Purchases (000) | Sales (000) | |||
USD830 | PEN3,440 | Citibank | 8/26/2022 | $19 |
USD643 | PEN2,650 | Morgan Stanley | 8/26/2022 | 18 |
$112 |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
3-month USD-LIBOR | 1.972% | 4/26/2051 | $23,200 | $(718) | $421 | $(1,139) |
3-month USD-LIBOR | 1.9855% | 4/26/2051 | 34,500 | (1,180) | 516 | (1,696) |
3-month USD-LIBOR | 1.953% | 4/27/2051 | 23,100 | (611) | 523 | (1,134) |
3-month USD-LIBOR | 1.9895% | 4/27/2051 | 35,700 | (1,255) | 501 | (1,756) |
3-month USD-LIBOR | 1.9778% | 4/28/2051 | 13,500 | (437) | 227 | (664) |
3-month USD-LIBOR | 2.0295% | 5/5/2051 | 30,800 | (1,377) | — | (1,377) |
3-month USD-LIBOR | 1.759% | 6/24/2051 | 27,250 | 541 | — | 541 |
$2,188 | $(7,225) |
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium received (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
CDX.NA.HY.36 | 5.00%/Quarterly | 6/20/2026 | $9,686 | $(883) | $(872) | $(11) |
CDX.NA.HY.37 | 5.00%/Quarterly | 12/20/2026 | 20,714 | (1,904) | (1,928) | 24 |
$(2,800) | $13 |
Centrally cleared credit default swaps on credit indices — sell protection
Receive/ Payment frequency | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (000) | Unrealized depreciation at 9/30/2021 (000) |
1.00%/Quarterly | CDX.NA.IG.37 | 12/20/2026 | $72,390 | $1,713 | $1,718 | $(5) |
Investments in affiliates11
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliate at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 12.05% | |||||||
Money market investments 12.05% | |||||||
Capital Group Central Cash Fund 0.06%10 | $2,690,045 | $4,388,994 | $5,490,420 | $(65) | $62 | $1,588,616 | $1,166 |
American Funds Insurance Series — The Bond Fund of America — Page 154 of 242
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1 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $39,675,000, which represented .30% of the net assets of the fund. |
2 | Index-linked bond whose principal amount moves with a government price index. |
3 | Step bond; coupon rate may change at a later date. |
4 | 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 $1,565,601,000, which represented 11.88% of the net assets of the fund. |
5 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
6 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. |
7 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
8 | Amount less than one thousand. |
9 | Purchased on a TBA basis. |
10 | Rate represents the seven-day yield at 9/30/2021. |
11 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
12 | Notional amount is calculated based on the number of contracts and notional contract size. |
13 | Value is calculated based on the notional amount and current market price. |
Key to abbreviations and symbol | |
AUD = Australian dollars | KRW = South Korean won |
Auth. = Authority | LIBOR = London Interbank Offered Rate |
CAD = Canadian dollars | NZD = New Zealand dollars |
CLO = Collateralized Loan Obligations | PEN = Peruvian nuevos soles |
CNY = Chinese yuan renminbi | Ref. = Refunding |
COP = Colombian pesos | Rev. = Revenue |
EUR = Euros | SOFR = Secured Overnight Financing Rate |
G.O. = General Obligation | TBA = To-be-announced |
ICE = Intercontinental Exchange, Inc. | USD/$ = U.S. dollars |
JPY = Japanese yen |
American Funds Insurance Series — The Bond Fund of America — Page 155 of 242
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Bonds, notes & other debt instruments 92.62% Euros 16.13% | Principal amount (000) | Value (000) | |
Allianz SE 4.75% perpetual bonds (3-month EUR-EURIBOR + 3.60% on 10/24/2023)1 | €4,200 | $5,302 | |
Altria Group, Inc. 1.00% 2023 | 1,020 | 1,198 | |
Altria Group, Inc. 1.70% 2025 | 1,600 | 1,945 | |
Altria Group, Inc. 2.20% 2027 | 2,900 | 3,621 | |
American Honda Finance Corp. 1.60% 2022 | 620 | 726 | |
American Honda Finance Corp. 1.95% 2024 | 560 | 690 | |
American Tower Corp. 0.45% 2027 | 2,525 | 2,924 | |
American Tower Corp. 0.875% 2029 | 1,470 | 1,714 | |
AT&T, Inc. 1.60% 2028 | 2,350 | 2,916 | |
Bank of America Corp. 3.648% 2029 (3-month EUR-EURIBOR + 3.67% on 3/31/2028)1,2 | 5,000 | 6,956 | |
Barclays Bank PLC 6.625% 2022 | 1,070 | 1,281 | |
CaixaBank, SA 2.25% 2030 (5-year EUR Annual (vs. 6-month EUR-EURIBOR) + 1.68% on 4/17/2025)1 | 2,400 | 2,929 | |
Comcast Corp. 0% 2026 | 2,365 | 2,727 | |
Comcast Corp. 0.25% 2027 | 1,250 | 1,454 | |
Comcast Corp. 0.25% 2029 | 955 | 1,090 | |
Cote d’Ivoire (Republic of) 5.25% 2030 | 900 | 1,084 | |
Cote d’Ivoire (Republic of) 5.875% 2031 | 840 | 1,017 | |
Deutsche Telekom International Finance BV 7.50% 2033 | 200 | 400 | |
Dow Chemical Co. 0.50% 2027 | 1,110 | 1,297 | |
Egypt (Arab Republic of) 5.625% 2030 | 745 | 827 | |
European Financial Stability Facility 0.40% 2025 | 6,000 | 7,153 | |
European Union 0% 2031 | 1,905 | 2,204 | |
European Union 0% 2035 | 220 | 245 | |
European Union 0.20% 2036 | 390 | 442 | |
French Republic O.A.T. 0% 2030 | 27,070 | 31,191 | |
Germany (Federal Republic of) 0% 2030 | 14,570 | 17,344 | |
Germany (Federal Republic of) 0% 2050 | 3,290 | 3,515 | |
Germany (Federal Republic of) 0% 2052 | 9,105 | 9,594 | |
Goldman Sachs Group, Inc. 3.375% 20252 | 5,000 | 6,460 | |
Goldman Sachs Group, Inc. 1.00% 20332 | 2,705 | 3,141 | |
Greece (Hellenic Republic of) 3.375% 2025 | 13,715 | 17,781 | |
Greece (Hellenic Republic of) 0.75% 2031 | 1,660 | 1,906 | |
Greece (Hellenic Republic of) 1.875% 2052 | 3,240 | 3,947 | |
Groupe BPCE SA 4.625% 2023 | 1,200 | 1,509 | |
Groupe BPCE SA 1.00% 2025 | 2,900 | 3,472 | |
Honeywell International, Inc. 0.75% 2032 | 370 | 434 | |
Intesa Sanpaolo SpA 6.625% 2023 | 510 | 663 | |
Ireland (Republic of) 0.20% 2030 | 900 | 1,054 | |
Israel (State of) 2.875% 2024 | 1,180 | 1,468 | |
Israel (State of) 1.50% 2027 | 775 | 967 | |
Israel (State of) 1.50% 2029 | 725 | 918 | |
Italy (Republic of) 1.85% 2025 | 21,390 | 26,556 | |
Italy (Republic of) 0.95% 2027 | 1,745 | 2,097 | |
Italy (Republic of) 0.25% 2028 | 15,970 | 18,315 | |
Italy (Republic of) 2.80% 2028 | 5,828 | 7,849 | |
Italy (Republic of) 1.35% 2030 | 1,657 | 2,025 |
American Funds Insurance Series — Capital World Bond Fund — Page 156 of 242
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Bonds, notes & other debt instruments (continued) Euros (continued) | Principal amount (000) | Value (000) | |
Italy (Republic of) 1.65% 2030 | €7,400 | $9,232 | |
JPMorgan Chase & Co. 0.389% 2028 (3-month EUR-EURIBOR + 0.65% on 2/24/2027)1,2 | 3,208 | 3,729 | |
Latvia (Republic of) 0% 2031 | 1,280 | 1,469 | |
Lloyds Banking Group PLC 1.75% 2028 (5-year EUR-EURIBOR + 1.30% on 9/7/2023)1 | 2,400 | 2,873 | |
Morocco (Kingdom of) 3.50% 2024 | 1,400 | 1,758 | |
Morocco (Kingdom of) 1.50% 2031 | 4,100 | 4,397 | |
Petroleos Mexicanos 5.50% 2025 | 2,520 | 3,196 | |
Philippines (Republic of) 0.25% 2025 | 1,470 | 1,705 | |
Philippines (Republic of) 0.70% 2029 | 940 | 1,083 | |
Portuguese Republic 0.475% 2030 | 1,610 | 1,911 | |
Quebec (Province of) 0.25% 2031 | 920 | 1,059 | |
Romania 1.75% 2030 | 2,560 | 2,905 | |
Romania 3.624% 2030 | 3,660 | 4,780 | |
Romania 2.00% 2032 | 1,605 | 1,811 | |
Romania 2.00% 2033 | 6,910 | 7,652 | |
Romania 3.375% 2038 | 4,170 | 5,027 | |
Russian Federation 2.875% 2025 | 3,000 | 3,814 | |
Russian Federation 2.875% 2025 | 1,500 | 1,907 | |
Serbia (Republic of) 3.125% 2027 | 11,497 | 14,651 | |
Serbia (Republic of) 1.50% 2029 | 4,943 | 5,665 | |
Serbia (Republic of) 2.05% 2036 | 2,235 | 2,433 | |
Spain (Kingdom of) 2.75% 2024 | 2,310 | 2,944 | |
Spain (Kingdom of) 0.80% 2027 | 2,280 | 2,779 | |
Spain (Kingdom of) 1.45% 2029 | 1,890 | 2,412 | |
Spain (Kingdom of) 1.25% 2030 | 4,740 | 5,953 | |
Spain (Kingdom of) 0.50% 2031 | 4,645 | 5,404 | |
Spain (Kingdom of) 2.70% 2048 | 850 | 1,311 | |
State Grid Europe Development PLC 1.50% 2022 | 194 | 226 | |
State Grid Overseas Investment, Ltd. 1.25% 2022 | 765 | 893 | |
State Grid Overseas Investment, Ltd. 1.375% 2025 | 441 | 532 | |
State Grid Overseas Investment, Ltd. 2.125% 2030 | 200 | 251 | |
Stryker Corp. 0.25% 2024 | 480 | 562 | |
Stryker Corp. 0.75% 2029 | 980 | 1,159 | |
Stryker Corp. 1.00% 2031 | 450 | 537 | |
Tunisia (Republic of) 6.75% 2023 | 5,209 | 5,274 | |
Turkey (Republic of) 4.375% 2027 | 950 | 1,094 | |
Ukraine 6.75% 2026 | 3,119 | 3,932 | |
Ukraine 6.75% 2026 | 1,225 | 1,544 | |
Ukraine 4.375% 2030 | 2,705 | 2,916 | |
Verizon Communications, Inc. 0.375% 2029 | 3,470 | 3,993 | |
341,121 | |||
Japanese yen 9.68% | |||
Export-Import Bank of India 0.59% 2022 | ¥400,000 | 3,590 | |
Goldman Sachs Group, Inc. 2.80% 20222 | 100,000 | 906 | |
Groupe BPCE SA 0.64% 2022 | 400,000 | 3,599 | |
Indonesia (Republic of) 0.54% 2022 | 100,000 | 900 | |
Intesa Sanpaolo SpA 1.36% 2022 | 600,000 | 5,415 | |
Japan, Series 18, 0.10% 20243 | 1,028,113 | 9,402 | |
Japan, Series 19, 0.10% 20243 | 448,022 | 4,113 | |
Japan, Series 20, 0.10% 20253 | 683,400 | 6,253 | |
Japan, Series 21, 0.10% 20263 | 993,067 | 9,122 | |
Japan, Series 346, 0.10% 2027 | 2,525,700 | 22,918 | |
Japan, Series 23, 0.10% 20283 | 961,853 | 8,884 | |
Japan, Series 356, 0.10% 2029 | 3,529,000 | 31,993 |
American Funds Insurance Series — Capital World Bond Fund — Page 157 of 242
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Bonds, notes & other debt instruments (continued) Japanese yen (continued) | Principal amount (000) | Value (000) | |
Japan, Series 24, 0.10% 20293 | ¥1,614,741 | $14,950 | |
Japan, Series 116, 2.20% 2030 | 576,100 | 6,142 | |
Japan, Series 26, 0.005% 20313 | 113,440 | 1,042 | |
Japan, Series 362, 0.10% 2031 | 737,200 | 6,654 | |
Japan, Series 363, 0.10% 2031 | 657,300 | 5,925 | |
Japan, Series 145, 1.70% 2033 | 1,851,000 | 19,641 | |
Japan, Series 152, 1.20% 2035 | 987,100 | 10,033 | |
Japan, Series 21, 2.30% 2035 | 720,000 | 8,335 | |
Japan, Series 173, 0.40% 2040 | 492,000 | 4,412 | |
Japan, Series 37, 0.60% 2050 | 694,500 | 6,148 | |
Japan, Series 70, 0.70% 2051 | 598,500 | 5,418 | |
Philippines (Republic of) 0.001% 2024 | 900,000 | 8,037 | |
United Mexican States 0.62% 2022 | 100,000 | 900 | |
204,732 | |||
Chinese yuan renminbi 9.61% | |||
Agricultural Development Bank of China 3.75% 2029 | CNY9,850 | 1,568 | |
Agricultural Development Bank of China 2.96% 2030 | 90,980 | 13,711 | |
China (People’s Republic of), Series INBK, 3.03% 2026 | 29,900 | 4,691 | |
China (People’s Republic of), Series 1916, 3.12% 2026 | 70,970 | 11,189 | |
China (People’s Republic of), Series INBK, 2.85% 2027 | 62,550 | 9,690 | |
China (People’s Republic of), Series IMBK, 3.28% 2027 | 1,650 | 263 | |
China (People’s Republic of), Series 1906, 3.29% 2029 | 73,800 | 11,738 | |
China (People’s Republic of), Series INBK, 2.68% 2030 | 36,630 | 5,535 | |
China (People’s Republic of), Series INBK, 3.27% 2030 | 58,490 | 9,301 | |
China (People’s Republic of), Series 1910, 3.86% 2049 | 205,560 | 33,952 | |
China (People’s Republic of), Series INBK, 3.39% 2050 | 17,330 | 2,629 | |
China (People’s Republic of), Series INBK, 3.81% 2050 | 30,730 | 5,048 | |
China Development Bank Corp., Series 1814, 4.15% 2025 | 20,900 | 3,373 | |
China Development Bank Corp., Series 1909, 3.50% 2026 | 10,400 | 1,641 | |
China Development Bank Corp., Series 1904, 3.68% 2026 | 11,700 | 1,856 | |
China Development Bank Corp., Series 2009, 3.39% 2027 | 11,130 | 1,747 | |
China Development Bank Corp., Series 2004, 3.43% 2027 | 192,390 | 30,248 | |
China Development Bank Corp., Series 1805, 4.04% 2028 | 131,350 | 21,263 | |
China Development Bank Corp., Series 1805, 4.88% 2028 | 33,380 | 5,643 | |
China Development Bank Corp., Series 1905, 3.48% 2029 | 103,900 | 16,273 | |
China Development Bank Corp., Series 2005, 3.07% 2030 | 78,250 | 11,890 | |
203,249 | |||
British pounds 3.16% | |||
American Honda Finance Corp. 0.75% 2026 | £1,420 | 1,866 | |
France Télécom 5.375% 2050 | 300 | 638 | |
Lloyds Banking Group PLC 7.625% 2025 | 655 | 1,076 | |
United Kingdom 2.75% 2024 | 1,210 | 1,741 | |
United Kingdom 0.125% 2026 | 4,325 | 5,718 | |
United Kingdom 4.25% 2027 | 2,800 | 4,583 | |
United Kingdom 0.375% 2030 | 4,970 | 6,355 | |
United Kingdom 4.75% 2030 | 14,360 | 25,816 | |
United Kingdom 0.875% 2033 | 3,115 | 4,097 | |
United Kingdom 0.875% 2046 | 6,030 | 7,222 | |
United Kingdom 0.625% 2050 | 2,805 | 3,093 | |
United Kingdom 1.25% 2051 | 3,560 | 4,618 | |
66,823 |
American Funds Insurance Series — Capital World Bond Fund — Page 158 of 242
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Bonds, notes & other debt instruments (continued) Danish kroner 2.50% | Principal amount (000) | Value (000) | |
Nordea Kredit 0.50% 20404 | DKr18,838 | $2,757 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20404 | 142,167 | 20,805 | |
Nykredit Realkredit AS, Series 01E, 0.50% 20434 | 182,385 | 26,385 | |
Nykredit Realkredit AS, Series 01E, 1.00% 20534 | 20,210 | 2,926 | |
52,873 | |||
Canadian dollars 2.07% | |||
Canada 1.00% 2022 | C$1,050 | 834 | |
Canada 2.25% 2025 | 15,900 | 13,169 | |
Canada 0.25% 2026 | 5,800 | 4,425 | |
Canada 2.25% 2029 | 26,105 | 22,030 | |
Canada 2.75% 2048 | 3,500 | 3,218 | |
43,676 | |||
Mexican pesos 2.00% | |||
Petróleos Mexicanos 7.19% 2024 | MXN83,847 | 3,880 | |
Petróleos Mexicanos 7.47% 2026 | 95,267 | 4,147 | |
United Mexican States, Series M, 7.50% 2027 | 412,420 | 20,316 | |
United Mexican States, Series M20, 8.50% 2029 | 140,400 | 7,284 | |
United Mexican States, Series M, 7.75% 2031 | 58,000 | 2,883 | |
United Mexican States, Series M30, 8.50% 2038 | 21,100 | 1,090 | |
United Mexican States, Series M, 8.00% 2047 | 56,500 | 2,762 | |
42,362 | |||
Russian rubles 1.68% | |||
Russian Federation 7.00% 2023 | RUB430,300 | 5,903 | |
Russian Federation 7.15% 2025 | 436,320 | 6,000 | |
Russian Federation 6.90% 2029 | 403,750 | 5,468 | |
Russian Federation 7.65% 2030 | 712,330 | 10,095 | |
Russian Federation 5.90% 2031 | 79,600 | 999 | |
Russian Federation 8.50% 2031 | 82,440 | 1,238 | |
Russian Federation 7.70% 2033 | 295,840 | 4,199 | |
Russian Federation 7.25% 2034 | 121,920 | 1,661 | |
35,563 | |||
Malaysian ringgits 1.44% | |||
Malaysia (Federation of), Series 0219, 3.885% 2029 | MYR24,615 | 6,087 | |
Malaysia (Federation of), Series 0418, 4.893% 2038 | 45,447 | 11,915 | |
Malaysia (Federation of), Series 0519, 3.757% 2040 | 40,283 | 9,207 | |
Malaysia (Federation of), Series 0417, 4.895% 2047 | 665 | 171 | |
Malaysia (Federation of), Series 0518, 4.921% 2048 | 3,322 | 874 | |
Malaysia (Federation of), Series 0519, 4.638% 2049 | 4,521 | 1,100 | |
Malaysia (Federation of), Series 0120, 4.065% 2050 | 4,652 | 1,072 | |
30,426 | |||
Australian dollars 1.04% | |||
Australia (Commonwealth of), Series 163, 1.00% 2031 | A$31,864 | 21,983 | |
Indonesian rupiah 0.73% | |||
Indonesia (Republic of), Series 84, 7.25% 2026 | IDR22,733,000 | 1,718 | |
Indonesia (Republic of), Series 56, 8.375% 2026 | 6,725,000 | 534 | |
Indonesia (Republic of), Series 59, 7.00% 2027 | 11,000,000 | 825 | |
Indonesia (Republic of), Series 78, 8.25% 2029 | 53,220,000 | 4,196 | |
Indonesia (Republic of), Series 82, 7.00% 2030 | 39,572,000 | 2,904 |
American Funds Insurance Series — Capital World Bond Fund — Page 159 of 242
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Bonds, notes & other debt instruments (continued) Indonesian rupiah (continued) | Principal amount (000) | Value (000) | |
Indonesia (Republic of), Series 87, 6.50% 2031 | IDR17,649,000 | $1,248 | |
Indonesia (Republic of), Series 74, 7.50% 2032 | 7,073,000 | 530 | |
Indonesia (Republic of), Series 65, 6.625% 2033 | 17,683,000 | 1,242 | |
Indonesia (Republic of), Series 68, 8.375% 2034 | 27,353,000 | 2,167 | |
15,364 | |||
Colombian pesos 0.62% | |||
Colombia (Republic of), Series B, 5.75% 2027 | COP14,725,000 | 3,639 | |
Colombia (Republic of), Series B, 7.00% 2031 | 8,413,000 | 2,113 | |
Colombia (Republic of), Series B, 7.25% 2050 | 31,167,000 | 7,287 | |
13,039 | |||
Brazilian reais 0.46% | |||
Brazil (Federative Republic of) 6.00% 20243 | BRL50,574 | 9,702 | |
South Korean won 0.42% | |||
South Korea (Republic of), Series 2503, 1.50% 2025 | KRW5,183,670 | 4,342 | |
South Korea (Republic of), Series 2712, 2.375% 2027 | 5,158,930 | 4,440 | |
8,782 | |||
Indian rupees 0.38% | |||
India (Republic of) 5.15% 2025 | INR331,570 | 4,431 | |
National Highways Authority of India 7.17% 2021 | 220,000 | 2,987 | |
National Highways Authority of India 7.27% 2022 | 50,000 | 688 | |
8,106 | |||
Czech korunas 0.36% | |||
Czech Republic 0% 2024 | CZK72,100 | 3,101 | |
Czech Republic 1.25% 2025 | 102,510 | 4,570 | |
7,671 | |||
Ukrainian hryvnia 0.36% | |||
Ukraine 16.06% 2022 | UAH86,536 | 3,405 | |
Ukraine 17.00% 2022 | 60,180 | 2,353 | |
Ukraine 17.25% 2022 | 47,384 | 1,830 | |
7,588 | |||
Polish zloty 0.33% | |||
Poland (Republic of), Series 0725, 3.25% 2025 | PLN21,220 | 5,743 | |
Poland (Republic of), Series 1029, 2.75% 2029 | 4,900 | 1,306 | |
7,049 | |||
Norwegian kroner 0.31% | |||
Norway (Kingdom of) 1.75% 2025 | NKr56,450 | 6,563 | |
Peruvian nuevos soles 0.24% | |||
Peru (Republic of) 5.94% 2029 | PEN15,395 | 3,746 | |
Peru (Republic of) 6.15% 2032 | 5,980 | 1,405 | |
5,151 |
American Funds Insurance Series — Capital World Bond Fund — Page 160 of 242
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Bonds, notes & other debt instruments (continued) South African rand 0.10% | Principal amount (000) | Value (000) | |
South Africa (Republic of), Series R-2030, 8.00% 2030 | ZAR7,920 | $489 | |
South Africa (Republic of), Series R-2048, 8.75% 2048 | 30,850 | 1,688 | |
2,177 | |||
Ghanaian cedi 0.08% | |||
Ghana (Republic of) 18.85% 2023 | GHS9,260 | 1,587 | |
Romanian leu 0.06% | |||
Romania 4.75% 2025 | RON5,000 | 1,217 | |
U.S. dollars 38.86% | |||
180 Medical, Inc. 3.875% 20292 | $35 | 35 | |
7-Eleven, Inc. 0.95% 20262 | 520 | 511 | |
7-Eleven, Inc. 1.80% 20312 | 2,015 | 1,920 | |
AbbVie, Inc. 2.90% 2022 | 1,170 | 1,202 | |
AbbVie, Inc. 3.20% 2022 | 200 | 205 | |
Abu Dhabi (Emirate of) 2.50% 20252 | 2,195 | 2,313 | |
ACE INA Holdings, Inc. 2.875% 2022 | 195 | 200 | |
ACE INA Holdings, Inc. 3.35% 2026 | 195 | 213 | |
ACE INA Holdings, Inc. 4.35% 2045 | 425 | 535 | |
Advisor Group Holdings, LLC 6.25% 20282 | 425 | 446 | |
Aeropuerto International de Tocume SA 5.125% 20612 | 660 | 693 | |
Aetna, Inc. 2.80% 2023 | 340 | 352 | |
AG Merger Sub II, Inc. 10.75% 20272 | 311 | 344 | |
Albertsons Companies, Inc. 3.50% 20292 | 125 | 125 | |
Alcoa Netherlands Holding BV 4.125% 20292 | 75 | 78 | |
Alexandria Real Estate Equities, Inc. 1.875% 2033 | 2,047 | 1,928 | |
Allegheny Technologies, Inc. 4.875% 2029 | 10 | 10 | |
Allegheny Technologies, Inc. 5.125% 2031 | 10 | 10 | |
Alliant Holdings Intermediate, LLC 6.75% 20272 | 410 | 425 | |
Allied Universal Holdco LLC 9.75% 20272 | 235 | 256 | |
Allied Universal Holdco LLC 6.00% 20292 | 300 | 296 | |
Allstate Corp. 0.75% 2025 | 1,563 | 1,545 | |
Almonde, Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 8.25% 20255,6 | 650 | 655 | |
Altice France SA 5.125% 20292 | 200 | 196 | |
Altria Group, Inc. 5.95% 2049 | 131 | 166 | |
Amazon.com, Inc. 1.50% 2030 | 2,040 | 1,985 | |
Amazon.com, Inc. 2.50% 2050 | 2,500 | 2,345 | |
American Airlines, Inc. 5.50% 20262 | 135 | 142 | |
American Airlines, Inc. 5.75% 20292 | 135 | 146 | |
American Campus Communities, Inc. 3.75% 2023 | 1,810 | 1,885 | |
American Campus Communities, Inc. 4.125% 2024 | 1,195 | 1,298 | |
American Campus Communities, Inc. 3.875% 2031 | 514 | 574 | |
American Electric Power Company, Inc. 1.00% 2025 | 250 | 247 | |
Amgen, Inc. 1.90% 2025 | 580 | 597 | |
Amgen, Inc. 2.20% 2027 | 445 | 461 | |
Amipeace, Ltd. 2.50% 2024 | 4,100 | 4,292 | |
AmWINS Group, Inc. 4.875% 20292 | 45 | 46 | |
Anglo American Capital PLC 2.25% 20282 | 454 | 452 | |
Anglo American Capital PLC 3.95% 20502 | 521 | 559 | |
Angola (Republic of) 9.50% 2025 | 2,400 | 2,649 | |
Anheuser-Busch InBev NV 4.75% 2029 | 2,535 | 2,987 | |
Anheuser-Busch InBev NV 4.50% 2050 | 2,250 | 2,691 |
American Funds Insurance Series — Capital World Bond Fund — Page 161 of 242
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Apache Corp. 4.375% 2028 | $126 | $136 | |
Apollo Commercial Real Estate Finance, Inc. 4.625% 20292 | 95 | 92 | |
Apple, Inc. 3.35% 2027 | 1,075 | 1,186 | |
Apple, Inc. 2.40% 2050 | 1,100 | 1,010 | |
Ardagh Group SA 6.50% Cash 20272,7 | 210 | 223 | |
Aretec Escrow Issuer, Inc. 7.50% 20292 | 300 | 309 | |
Argentine Republic 0.50% 2030 (0.75% on 7/9/2023)1 | 1,921 | 709 | |
Argentine Republic 1.125% 2035 (1.50% on 7/9/2022)1 | 3,025 | 997 | |
Artera Services, LLC 9.033% 20252 | 200 | 217 | |
Arthur J. Gallagher & Co. 3.50% 2051 | 34 | 36 | |
Ascensus, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 7.00% 20295,6 | 120 | 120 | |
Ascent Resources - Utica LLC 8.25% 20282 | 230 | 251 | |
Ascent Resources - Utica LLC 5.875% 20292 | 100 | 102 | |
Associated Materials, LLC 9.00% 20252 | 400 | 424 | |
AssuredPartners, Inc. 7.00% 20252 | 200 | 203 | |
AssuredPartners, Inc. 5.625% 20292 | 230 | 232 | |
AstraZeneca Finance LLC 1.75% 2028 | 685 | 689 | |
AstraZeneca Finance LLC 2.25% 2031 | 100 | 102 | |
AstraZeneca PLC 3.50% 2023 | 2,700 | 2,854 | |
AstraZeneca PLC 3.00% 2051 | 657 | 679 | |
Atkore, Inc. 4.25% 20312 | 25 | 26 | |
Atlantic Aviation FBO, Inc., Term Loan, (3-month USD-LIBOR + 3.00%) 3.50% 20285,6 | 150 | 150 | |
Atlantic Aviation FBO, Inc., Term Loan, (3-month USD-LIBOR + 5.75%) 6.25% 20295,6 | 110 | 112 | |
Axiata SPV2 Bhd. 2.163% 2030 | 651 | 638 | |
Baidu, Inc. 3.425% 2030 | 675 | 717 | |
Bank of America Corp. 2.456% 2025 (3-month USD-LIBOR + 0.87% on 10/22/2024)1 | 847 | 885 | |
Bank of America Corp. 1.734% 2027 (USD-SOFR + 0.96% on 7/22/2026)1 | 3,745 | 3,763 | |
Bank of America Corp. 2.299% 2032 (USD-SOFR + 1.22% on 7/21/2031)1 | 4,780 | 4,715 | |
Bausch Health Companies, Inc. 9.25% 20262 | 275 | 294 | |
Bausch Health Companies, Inc. 5.75% 20272 | 200 | 210 | |
Bausch Health Companies, Inc. 4.875% 20282 | 185 | 192 | |
Bausch Health Companies, Inc. 5.25% 20312 | 210 | 193 | |
Bayer AG 3.375% 20242 | 840 | 895 | |
Bayer US Finance II LLC 4.25% 20252 | 203 | 225 | |
Bayerische Motoren Werke AG 2.95% 20222 | 3,675 | 3,730 | |
Bayerische Motoren Werke AG 3.90% 20252 | 900 | 984 | |
Bayerische Motoren Werke AG 4.15% 20302 | 900 | 1,039 | |
Beasley Mezzanine Holdings, LLC 8.625% 20262 | 30 | 31 | |
Belarus (Republic of) 6.875% 2023 | 2,895 | 2,950 | |
Belarus (Republic of) 7.625% 2027 | 2,100 | 2,082 | |
Berkshire Hathaway Energy Company 2.85% 2051 | 300 | 287 | |
Black Knight, Inc. 3.625% 20282 | 195 | 196 | |
Blue Racer Midstream LLC and Blue Racer Finance Corp. 7.625% 20252 | 120 | 130 | |
BMC Software, Inc., Term Loan, (3-month USD-LIBOR + 5.50%) 6.128% 20265,6 | 25 | 25 | |
BNP Paribas 2.159% 2029 (USD-SOFR + 1.218% on 9/15/2028)1,2 | 700 | 694 | |
BNP Paribas 2.871% 2032 (USD-SOFR + 1.387% on 4/19/2031)1,2 | 1,275 | 1,303 | |
Boeing Company 5.15% 2030 | 4,000 | 4,697 | |
Bombardier, Inc. 7.125% 20262 | 175 | 184 | |
Bombardier, Inc. 7.875% 20272 | 190 | 197 | |
Bombardier, Inc. 6.00% 20282 | 90 | 91 | |
Bombardier, Inc. 7.45% 20342 | 125 | 147 | |
Boyd Gaming Corp. 4.75% 2027 | 170 | 175 | |
BP Capital Markets America, Inc. 2.939% 2051 | 2,280 | 2,160 | |
Brandywine Operating Partnership LP 3.95% 2023 | 190 | 197 | |
Braskem SA 4.50% 20302 | 745 | 794 |
American Funds Insurance Series — Capital World Bond Fund — Page 162 of 242
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Brightstar Escrow Corp. 9.75% 20252 | $180 | $193 | |
British American Tobacco PLC 2.789% 2024 | 1,150 | 1,210 | |
British American Tobacco PLC 3.215% 2026 | 955 | 1,019 | |
British American Tobacco PLC 3.557% 2027 | 1,545 | 1,666 | |
British American Tobacco PLC 3.462% 2029 | 1,150 | 1,212 | |
British American Tobacco PLC 4.758% 2049 | 894 | 968 | |
Broadcom, Inc. 3.15% 2025 | 212 | 227 | |
Broadcom, Inc. 4.15% 2030 | 1,450 | 1,607 | |
Broadcom, Inc. 3.419% 20332 | 698 | 723 | |
Broadcom, Inc. 3.469% 20342 | 48 | 49 | |
Broadcom, Inc. 3.75% 20512 | 926 | 926 | |
Brookfield Property REIT, Inc. 5.75% 20262 | 200 | 208 | |
BWX Technologies, Inc. 4.125% 20292 | 185 | 190 | |
Caesars Entertainment, Inc. 6.25% 20252 | 50 | 53 | |
Caesars Entertainment, Inc. 4.625% 20292 | 40 | 41 | |
California Resources Corp. 7.125% 20262 | 100 | 106 | |
Canadian Natural Resources, Ltd. 2.95% 2030 | 2,343 | 2,429 | |
Carnival Corp. 11.50% 20232 | 440 | 492 | |
Carnival Corp. 4.00% 20282 | 175 | 177 | |
Carrier Global Corp. 2.242% 2025 | 530 | 549 | |
Carvana Co. 5.50% 20272 | 10 | 10 | |
Carvana Co. 4.875% 20292 | 145 | 144 | |
Catalent Pharma Solutions, Inc. 3.50% 20302 | 25 | 25 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 3.75% 2028 | 2,650 | 2,904 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20302 | 575 | 594 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 20302 | 165 | 173 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20312 | 200 | 204 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20332 | 282 | 287 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20342 | 125 | 124 | |
CEC Entertainment, Inc. 6.75% 20262 | 135 | 136 | |
Centene Corp. 4.25% 2027 | 100 | 105 | |
Centene Corp. 2.45% 2028 | 40 | 40 | |
Centene Corp. 4.625% 2029 | 375 | 409 | |
Centene Corp. 2.50% 2031 | 155 | 153 | |
Centene Corp. 2.625% 2031 | 155 | 154 | |
Centerfield Media Parent, Inc. 6.625% 20262 | 60 | 62 | |
Central Garden & Pet Co. 4.125% 2030 | 99 | 101 | |
Central Garden & Pet Co. 4.125% 20312 | 120 | 122 | |
Charles River Laboratories International, Inc. 4.25% 20282 | 80 | 83 | |
Cheniere Energy Partners LP 4.50% 2029 | 210 | 224 | |
Cheniere Energy Partners LP 4.00% 20312 | 100 | 105 | |
Cheniere Energy Partners LP 3.25% 20322 | 66 | 66 | |
Chesapeake Energy Corp. 4.875% 20228 | 915 | 27 | |
Chesapeake Energy Corp. 5.50% 20262 | 100 | 105 | |
Chesapeake Energy Corp. 5.875% 20292 | 85 | 91 | |
China Construction Bank Corp. (Hong Kong Branch) 1.00% 2023 | 6,000 | 6,032 | |
Cigna Corp. 4.125% 2025 | 830 | 923 | |
Cigna Corp. 2.40% 2030 | 380 | 387 | |
Cigna Corp. 2.375% 2031 | 2,977 | 3,007 | |
Citigroup, Inc. 0.981% 2025 (USD-SOFR + 0.669% on 5/1/2024)1 | 808 | 811 | |
Citigroup, Inc. 3.106% 2026 (USD-SOFR + 2.842% on 3/8/2026)1 | 4,500 | 4,779 | |
Clarivate Science Holdings Corp. 3.875% 20282 | 65 | 65 | |
Cleveland-Cliffs, Inc. 9.875% 20252 | 171 | 196 | |
Cleveland-Cliffs, Inc. 6.75% 20262 | 105 | 112 | |
Cleveland-Cliffs, Inc. 4.875% 20312 | 140 | 145 |
American Funds Insurance Series — Capital World Bond Fund — Page 163 of 242
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
CMS Energy Corp. 3.875% 2024 | $100 | $106 | |
CMS Energy Corp. 3.00% 2026 | 1,200 | 1,278 | |
CNX Resources Corp. 7.25% 20272 | 210 | 224 | |
CNX Resources Corp. 6.00% 20292 | 120 | 127 | |
Cogent Communications Group, Inc. 3.50% 20262 | 260 | 264 | |
Coinbase Global, Inc. 3.375% 20282 | 125 | 120 | |
Coinbase Global, Inc. 3.625% 20312 | 125 | 119 | |
Colombia (Republic of) 3.875% 2027 | 350 | 363 | |
Comcast Corp. 3.95% 2025 | 2,610 | 2,897 | |
Commonwealth Bank of Australia 2.688% 20312 | 4,650 | 4,639 | |
Compass Diversified Holdings 5.25% 20292 | 300 | 314 | |
Comstock Resources, Inc. 6.75% 20292 | 140 | 151 | |
Comstock Resources, Inc. 5.875% 20302 | 85 | 89 | |
Constellation Oil Services Holding SA 10.00% PIK 20242,7,8 | 2,741 | 851 | |
Constellium SE 3.75% 20292 | 125 | 122 | |
Consumers Energy Co. 3.375% 2023 | 345 | 362 | |
Convey Park Energy LLC 7.50% 20252 | 125 | 130 | |
CoreCivic, Inc. 8.25% 2026 | 47 | 48 | |
CoreLogic, Inc. 4.50% 20282 | 304 | 302 | |
CoreLogic, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 7.00% 20295,6 | 100 | 103 | |
Corporate Office Properties LP 2.75% 2031 | 1,212 | 1,226 | |
Costa Rica (Republic of) 6.125% 20312 | 640 | 658 | |
CQP Holdco LP / BIP-V Chinook Holdco LLC 5.50% 20312 | 400 | 426 | |
Crédit Agricole SA 4.375% 20252 | 1,100 | 1,201 | |
Crédit Agricole SA 1.907% 2026 (USD-SOFR + 1.676% on 6/16/2025)1,2 | 2,675 | 2,727 | |
Credit Suisse Group AG 2.95% 2025 | 875 | 928 | |
Credit Suisse Group AG 3.091% 2032 (USD-SOFR + 1.73% on 5/14/2031)1,2 | 1,000 | 1,023 | |
Crestwood Midstream Partners LP 6.00% 20292 | 85 | 89 | |
Crown Castle International Corp. 2.50% 2031 | 767 | 767 | |
CSX Corp. 3.80% 2050 | 75 | 85 | |
CSX Corp. 2.50% 2051 | 1,075 | 979 | |
CVR Partners LP 9.25% 20232 | 29 | 29 | |
CVR Partners LP 6.125% 20282 | 120 | 126 | |
CVS Health Corp. 3.50% 2022 | 430 | 439 | |
CVS Health Corp. 3.70% 2023 | 97 | 101 | |
Dana, Inc. 4.25% 2030 | 10 | 10 | |
Danske Bank AS 2.70% 20222 | 1,400 | 1,414 | |
Danske Bank AS 3.875% 20232 | 1,675 | 1,773 | |
Dell International LLC / EMC Corp. 8.10% 2036 | 50 | 76 | |
Dell International LLC / EMC Corp. 8.35% 2046 | 46 | 75 | |
Deluxe Corp. 8.00% 20292 | 20 | 21 | |
Deutsche Bank AG 2.129% 2026 (USD-SOFR + 1.87% on 11/24/2025)1 | 850 | 864 | |
Deutsche Bank AG 3.547% 2031 (USD-SOFR + 3.043% on 9/18/2030)1 | 1,500 | 1,602 | |
Deutsche Telekom International Finance BV 2.82% 20222 | 1,675 | 1,684 | |
Deutsche Telekom International Finance BV 9.25% 2032 | 930 | 1,523 | |
Diamond (BC) BV 4.625% 20292 | 10 | 10 | |
Diamond Foreign Asset Co. / Diamond Finance LLC 13.00% PIK or 9.00% Cash or (5.50% PIK and 5.50% Cash) 20272,6,7 | 30 | 30 | |
Diamond Foreign Asset Co. / Diamond Finance LLC 13.00% PIK or 9.00% Cash or (5.50% PIK and 5.50% Cash) 20276,7 | 27 | 27 | |
Diamond Sports Group LLC 6.625% 20272 | 385 | 169 | |
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 2.875% 20235,6 | 108 | 108 | |
Diebold Nixdorf, Inc. 9.375% 20252 | 320 | 351 | |
Diebold, Inc. 8.50% 2024 | 150 | 153 | |
DIRECTV Financing LLC, Term Loan, (3-month USD-LIBOR + 5.00%) 5.75% 20275,6 | 115 | 115 |
American Funds Insurance Series — Capital World Bond Fund — Page 164 of 242
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. 5.875% 20272 | $180 | $188 | |
Discovery Communications, Inc. 3.625% 2030 | 468 | 508 | |
Dominican Republic 5.50% 20252 | 1,375 | 1,506 | |
Dominican Republic 8.625% 20272 | 225 | 272 | |
Dominican Republic 6.40% 20492 | 1,613 | 1,711 | |
DT Midstream, Inc. 4.125% 20292 | 105 | 107 | |
Duke Energy Corp. 3.75% 2024 | 550 | 587 | |
Duke Energy Progress, Inc. 2.00% 2031 | 2,360 | 2,320 | |
Duke Energy Progress, LLC 3.70% 2028 | 1,225 | 1,367 | |
Edison International 5.75% 2027 | 370 | 426 | |
Edison International 4.125% 2028 | 2,390 | 2,551 | |
Egypt (Arab Republic of) 7.50% 20272 | 2,200 | 2,331 | |
Electricité de France SA 4.875% 20382 | 795 | 977 | |
EMD Finance LLC 2.95% 20222 | 225 | 227 | |
EMD Finance LLC 3.25% 20252 | 2,924 | 3,118 | |
Empresas Publicas de Medellin ESP 4.25% 20292 | 1,030 | 1,027 | |
Enbridge, Inc. 4.00% 2023 | 600 | 636 | |
Enbridge, Inc. 2.50% 2025 | 900 | 938 | |
Enbridge, Inc. 4.25% 2026 | 655 | 737 | |
Enbridge, Inc. 3.70% 2027 | 754 | 829 | |
Enbridge, Inc. 3.40% 2051 | 464 | 469 | |
Endo DAC / Endo Finance LLC / Endo Finco 6.00% 20282 | 292 | 209 | |
Endo Luxembourg Finance Co. I SARL / Endo U.S., Inc. 6.125% 20292 | 225 | 225 | |
Enel Finance International SA 3.625% 20272 | 2,375 | 2,631 | |
Enel Finance International SA 3.50% 20282 | 1,800 | 1,971 | |
Energy Transfer Operating LP 5.00% 2050 | 5,502 | 6,359 | |
Energy Transfer Partners LP 4.20% 2027 | 110 | 122 | |
Energy Transfer Partners LP 6.00% 2048 | 70 | 89 | |
Energy Transfer Partners LP 6.25% 2049 | 910 | 1,198 | |
ENN Energy Holdings, Ltd. 2.625% 20302 | 2,982 | 2,960 | |
Entergy Corp. 0.90% 2025 | 750 | 738 | |
Entergy Texas, Inc. 1.75% 2031 | 525 | 498 | |
EQM Midstream Partners LP 6.50% 20272 | 220 | 248 | |
EQT Corp. 7.50% 20301 | 50 | 64 | |
Equinix, Inc. 1.80% 2027 | 1,145 | 1,152 | |
Equinix, Inc. 2.15% 2030 | 9,390 | 9,216 | |
Essex Portfolio LP 3.50% 2025 | 2,835 | 3,053 | |
Essex Portfolio LP 3.375% 2026 | 885 | 955 | |
European Investment Bank 2.25% 2022 | 700 | 707 | |
Exelon Corp., junior subordinated, 3.497% 20221 | 525 | 534 | |
Export-Import Bank of India 3.25% 2030 | 3,489 | 3,548 | |
Fannie Mae Pool #MA2754 3.00% 20264 | 108 | 113 | |
Fannie Mae Pool #AP7888 3.50% 20424 | 431 | 471 | |
Fannie Mae Pool #AQ0770 3.50% 20424 | 149 | 164 | |
Fannie Mae Pool #AO4151 3.50% 20424 | 141 | 153 | |
Fannie Mae, Series 2012-M17, Class A2, Multi Family, 2.184% 20224 | 805 | 816 | |
Fertitta Entertainment, Inc. 6.75% 20242 | 150 | 150 | |
First Quantum Minerals, Ltd. 6.875% 20262 | 325 | 338 | |
First Quantum Minerals, Ltd. 6.875% 20272 | 440 | 466 | |
First Student Bidco, Inc. / First Transit Parent, Inc. 4.00% 20292 | 155 | 153 | |
FirstEnergy Corp. 4.40% 20271 | 1,800 | 1,976 | |
FirstEnergy Transmission LLC 2.866% 20282 | 2,325 | 2,429 | |
FMG Resources 4.375% 20312 | 220 | 228 | |
Foot Locker, Inc. 4.00% 20292 | 40 | 40 | |
Ford Motor Credit Company LLC 3.81% 2024 | 290 | 300 |
American Funds Insurance Series — Capital World Bond Fund — Page 165 of 242
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Ford Motor Credit Company LLC 5.125% 2025 | $1,035 | $1,126 | |
Ford Motor Credit Company LLC 3.815% 2027 | 275 | 286 | |
Ford Motor Credit Company LLC 2.90% 2028 | 200 | 200 | |
Ford Motor Credit Company LLC 4.00% 2030 | 125 | 130 | |
France Télécom 9.00% 20311 | 2,434 | 3,792 | |
Freddie Mac Pool #ZS8588 3.00% 20304 | 68 | 72 | |
Freedom Mortgage Corp. 7.625% 20262 | 90 | 92 | |
Freeport-McMoRan, Inc. 5.45% 2043 | 100 | 123 | |
Fresnillo PLC 4.25% 20502 | 973 | 1,010 | |
Front Range BidCo, Inc. 6.125% 20282 | 200 | 203 | |
Frontier Communications Corp. 5.875% 20272 | 125 | 133 | |
Frontier Communications Corp. 5.00% 20282 | 125 | 131 | |
Frontier Communications Holdings, LLC 5.875% 2029 | 400 | 405 | |
FS Energy and Power Fund 7.50% 20232 | 545 | 566 | |
FXI Holdings, Inc. 7.875% 20242 | 150 | 153 | |
FXI Holdings, Inc. 12.25% 20262 | 522 | 593 | |
General Motors Company 6.125% 2025 | 117 | 137 | |
General Motors Financial Co. 1.05% 2024 | 725 | 728 | |
General Motors Financial Co. 2.40% 2028 | 2,250 | 2,271 | |
Genesis Energy, LP 8.00% 2027 | 225 | 228 | |
Georgia (Repulbic of) 2.75% 20262 | 400 | 406 | |
Glencore Funding LLC 1.625% 20262 | 2,838 | 2,826 | |
Global Payments, Inc. 2.90% 2030 | 683 | 705 | |
Gol Finance SA 8.00% 20262 | 70 | 71 | |
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022)1 | 1,200 | 1,223 | |
Goldman Sachs Group, Inc. 1.542% 2027 (USD-SOFR + 0.818% on 9/10/2026)1 | 1,080 | 1,076 | |
Goldman Sachs Group, Inc. 2.383% 2032 (USD-SOFR + 1.248% on 7/21/2031)1 | 726 | 719 | |
Goldman Sachs Group, Inc. 2.615% 2032 (USD-SOFR + 1.281% on 4/22/2031)1 | 2,510 | 2,542 | |
GPC Merger Sub, Inc. 7.125% 20282 | 75 | 80 | |
GPS Hospitality Holding Co. LLC 7.00% 20282 | 30 | 30 | |
Groupe BPCE SA 5.15% 20242 | 1,800 | 1,990 | |
Grupo Energia Bogota SA ESP 4.875% 20302 | 660 | 748 | |
Guara Norte SARL 5.198% 20342 | 196 | 198 | |
Harsco Corp. 5.75% 20272 | 235 | 244 | |
Harvest Midstream I, LP 7.50% 20282 | 60 | 64 | |
HCA, Inc. 5.625% 2028 | 210 | 250 | |
HCA, Inc. 5.25% 2049 | 170 | 217 | |
Hexion, Inc. 7.875% 20272 | 320 | 342 | |
Hightower Holding, LLC 6.75% 20292 | 285 | 292 | |
Hilcorp Energy I, LP 5.75% 20292 | 45 | 46 | |
Hilton Grand Vacations Borrower 5.00% 20292 | 350 | 357 | |
Hilton Worldwide Holdings, Inc. 4.00% 20312 | 85 | 86 | |
Howard Hughes Corp. 5.375% 20282 | 395 | 417 | |
Howard Hughes Corp. 4.125% 20292 | 205 | 206 | |
Howard Hughes Corp. 4.375% 20312 | 130 | 131 | |
HSBC Holdings PLC 3.033% 2023 (3-month USD-LIBOR + 0.923% on 11/12/2022)1 | 430 | 442 | |
HSBC Holdings PLC 2.633% 2025 (3-month USD-LIBOR + 1.14% on 11/7/2024)1 | 305 | 318 | |
HSBC Holdings PLC 4.292% 2026 (3-month USD-LIBOR + 1.348% on 9/12/2025)1 | 4,172 | 4,604 | |
HSBC Holdings PLC 2.357% 2031 (USD-SOFR + 1.947% on 8/18/2030)1 | 1,032 | 1,021 | |
Huarong Finance 2017 Co., Ltd. (3-month USD-LIBOR + 0.185%) 1.979% 20226 | 3,080 | 2,999 | |
Huarong Finance 2019 Co., Ltd. (3-month USD-LIBOR + 1.125%) 1.253% 20236 | 746 | 687 | |
Huarong Finance 2019 Co., Ltd. (3-month USD-LIBOR + 1.25%) 1.372% 20256 | 363 | 316 | |
Huarong Finance 2017 Co., Ltd. 4.75% 2027 | 1,448 | 1,368 | |
Huarong Finance II Co., Ltd. 5.00% 2025 | 1,007 | 984 | |
Huarong Finance II Co., Ltd. 5.50% 2025 | 880 | 873 |
American Funds Insurance Series — Capital World Bond Fund — Page 166 of 242
unaudited
Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Huarong Finance II Co., Ltd. 4.875% 2026 | $771 | $747 | |
HUB International, Ltd. 7.00% 20262 | 275 | 285 | |
Hungary (Republic of) 2.125% 20312 | 5,050 | 4,981 | |
Hungary (Republic of) 3.125% 20512 | 1,255 | 1,238 | |
Hyundai Capital America 3.25% 20222 | 250 | 256 | |
Hyundai Capital America 0.875% 20242 | 1,200 | 1,194 | |
Hyundai Capital America 1.50% 20262 | 1,150 | 1,138 | |
Hyundai Capital America 1.65% 20262 | 1,800 | 1,785 | |
Hyundai Capital America 2.375% 20272 | 1,284 | 1,302 | |
Hyundai Capital America 2.00% 20282 | 600 | 590 | |
Hyundai Capital Services, Inc. 3.75% 20232 | 2,450 | 2,552 | |
Imperial Tobacco Finance PLC 3.50% 20232 | 2,000 | 2,059 | |
Independence Energy Finance LLC 7.25% 20262 | 150 | 155 | |
Ingles Markets, Inc. 4.00% 20312 | 255 | 259 | |
International Game Technology PLC 6.50% 20252 | 300 | 335 | |
Intesa Sanpaolo SpA 5.017% 20242 | 3,270 | 3,532 | |
Iraq (Republic of) 6.752% 20232 | 545 | 555 | |
Iron Mountain, Inc. 5.25% 20302 | 175 | 186 | |
Israel (State of) 2.50% 2030 | 3,850 | 4,027 | |
Israel (State of) 2.75% 2030 | 1,135 | 1,208 | |
Israel (State of) 3.375% 2050 | 1,470 | 1,562 | |
Israel (State of) 3.875% 2050 | 795 | 908 | |
JPMorgan Chase & Co. 1.045% 2026 (USD-SOFR + 0.80% on 11/19/2025)1 | 6,710 | 6,611 | |
JPMorgan Chase & Co. 1.578% 2027 (USD-SOFR + 0.885% on 4/22/2026)1 | 1,722 | 1,727 | |
Kantar Group LLC, Term Loan B2, (3-month USD-LIBOR + 4.50%) 5.25% 20265,6 | 65 | 65 | |
KB Home 6.875% 2027 | 50 | 60 | |
Kennedy-Wilson Holdings, Inc. 4.75% 2029 | 205 | 209 | |
Kennedy-Wilson Holdings, Inc. 4.75% 2030 | 120 | 122 | |
Kennedy-Wilson Holdings, Inc. 5.00% 2031 | 80 | 82 | |
Kenya (Republic of) 6.875% 2024 | 1,300 | 1,427 | |
Keurig Dr Pepper, Inc. 4.597% 2028 | 2,740 | 3,183 | |
Keurig Dr Pepper, Inc. 3.20% 2030 | 146 | 157 | |
Keurig Dr Pepper, Inc. 5.085% 2048 | 1,075 | 1,428 | |
Kimberly-Clark Corp. 1.05% 2027 | 770 | 760 | |
Kimberly-Clark Corp. 3.10% 2030 | 110 | 121 | |
Kraft Heinz Company 3.875% 2027 | 110 | 120 | |
Kraft Heinz Company 5.00% 2042 | 250 | 307 | |
Kraft Heinz Company 4.375% 2046 | 740 | 844 | |
Kronos Acquisition Holdings, Inc. 5.00% 20262 | 95 | 95 | |
Kronos Acquisition Holdings, Inc. 7.00% 20272 | 225 | 216 | |
Kuwait (State of) 2.75% 20222 | 3,550 | 3,588 | |
LCM Investments Holdings II, LLC 4.875% 20292 | 9 | 9 | |
LD Holdings Group LLC 6.125% 20282 | 41 | 39 | |
Ligado Networks LLC 15.50% PIK 20232,7 | 243 | 236 | |
Lima Metro Line 2 Finance, Ltd. 5.875% 20342 | 1,014 | 1,188 | |
Lima Metro Line 2 Finance, Ltd. 5.875% 2034 | 694 | 814 | |
Lima Metro Line 2 Finance, Ltd. 4.35% 20362 | 623 | 667 | |
Limited Brands, Inc. 6.625% 20302 | 75 | 85 | |
Limited Brands, Inc. 6.875% 2035 | 25 | 31 | |
Lloyds Banking Group PLC 1.326% 2023 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.10% on 6/15/2022)1 | 1,825 | 1,837 | |
Lloyds Banking Group PLC 1.627% 2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 5/11/2026)1 | 7,000 | 6,997 | |
LPL Holdings, Inc. 4.625% 20272 | 270 | 280 | |
LPL Holdings, Inc. 4.375% 20312 | 110 | 115 |
American Funds Insurance Series — Capital World Bond Fund — Page 167 of 242
unaudited
Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
LSB Industries, Inc. 9.625% 20232 | $760 | $792 | |
LSB Industries, Inc. 6.25% 20282 | 100 | 101 | |
LSC Communications, Inc. 8.75% 20232,8,9,10 | 431 | 10 | |
LSF9 Atlantis Holdings LLC / Victra Finance Corp. 7.75% 20262 | 45 | 47 | |
Mallinckrodt PLC 10.00% 20252 | 990 | 1,068 | |
Masco Corp. 1.50% 2028 | 791 | 770 | |
Match Group Holdings II, LLC 3.625% 20312 | 50 | 49 | |
Medical Properties Trust, Inc. 3.50% 2031 | 155 | 158 | |
Medtronic, Inc. 3.50% 2025 | 1,091 | 1,184 | |
Meituan Dianping 2.125% 2025 | 1,730 | 1,681 | |
Mercer International, Inc. 5.125% 2029 | 130 | 133 | |
Methanex Corp. 5.125% 2027 | 40 | 43 | |
Methanex Corp. 5.65% 2044 | 80 | 86 | |
Mexico City Airport Trust 5.50% 2047 | 432 | 442 | |
MicroStrategy, Inc. 6.125% 20282 | 50 | 51 | |
Midas Intermediate Holdco II, LLC 7.875% 20222 | 15 | 12 | |
Midas OpCo Holdings LLC 5.625% 20292 | 140 | 145 | |
Mohegan Gaming & Entertainment 8.00% 20262 | 315 | 329 | |
Molina Healthcare, Inc. 3.875% 20302 | 75 | 78 | |
MoneyGram International, Inc. 5.375% 20262 | 60 | 61 | |
Morgan Stanley 1.593% 2027 (USD-SOFR + 0.879% on 5/4/2026)1 | 2,164 | 2,172 | |
Morgan Stanley 1.928% 2032 (USD-SOFR + 1.02% on 4/28/2031)1 | 1,396 | 1,340 | |
Motel 6 Operating LP, Term Loan B, (1-month USD-LIBOR + 5.00%) 5.75% 20265,6 | 20 | 20 | |
Mozart Debt Merger Sub, Inc. 3.875% 20292 | 60 | 60 | |
Mozart Debt Merger Sub, Inc. 5.25% 20292 | 185 | 185 | |
MPLX LP 2.65% 2030 | 837 | 841 | |
MPLX LP 5.50% 2049 | 1,900 | 2,413 | |
MSCI, Inc. 3.625% 20312 | 150 | 156 | |
MSCI, Inc. 3.875% 20312 | 265 | 278 | |
National Financial Partners Corp. 6.875% 20282 | 210 | 215 | |
Nationstar Mortgage Holdings, Inc. 5.125% 20302 | 135 | 135 | |
Navient Corp. 5.50% 2023 | 375 | 392 | |
Navient Corp. 5.875% 2024 | 530 | 566 | |
Navient Corp. 6.125% 2024 | 100 | 107 | |
Navient Corp. 4.875% 2028 | 80 | 81 | |
NCL Corp., Ltd. 3.625% 20242 | 280 | 266 | |
NCL Corp., Ltd. 5.875% 20262 | 115 | 118 | |
NCR Corp. 5.125% 20292 | 220 | 227 | |
Neiman Marcus Group, LLC 7.125% 20262 | 190 | 202 | |
Nestle Holdings, Inc. 1.50% 20282 | 4,330 | 4,282 | |
Netflix, Inc. 4.875% 2028 | 150 | 173 | |
Netflix, Inc. 4.875% 20302 | 225 | 265 | |
New Fortress Energy, Inc. 6.75% 20252 | 50 | 48 | |
New Fortress Energy, Inc. 6.50% 20262 | 425 | 407 | |
New York Life Global Funding 1.20% 20302 | 2,725 | 2,557 | |
Newcrest Finance Pty, Ltd. 3.25% 20302 | 909 | 967 | |
Newell Rubbermaid, Inc. 4.70% 2026 | 100 | 110 | |
Newell Rubbermaid, Inc. 5.875% 20361 | 100 | 124 | |
Nexstar Broadcasting, Inc. 4.75% 20282 | 125 | 130 | |
Nexstar Escrow Corp. 5.625% 20272 | 100 | 106 | |
NGL Energy Operating LLC 7.50% 20262 | 275 | 281 | |
NGL Energy Partners LP 7.50% 2023 | 300 | 292 | |
Niagara Mohawk Power Corp. 3.508% 20242 | 180 | 192 | |
Nielsen Finance LLC and Nielsen Finance Co. 5.625% 20282 | 210 | 218 | |
NIKE, Inc. 3.375% 2050 | 602 | 673 |
American Funds Insurance Series — Capital World Bond Fund — Page 168 of 242
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Northern Oil and Gas, Inc. 8.125% 20282 | $165 | $177 | |
NorthRiver Midstream Finance LP 5.625% 20262 | 105 | 109 | |
Nova Chemicals Corp. 5.25% 20272 | 20 | 21 | |
Nova Chemicals Corp. 4.25% 20292 | 5 | 5 | |
Novelis Corp. 3.25% 20262 | 115 | 117 | |
Novelis Corp. 4.75% 20302 | 145 | 153 | |
Novelis Corp. 3.875% 20312 | 20 | 20 | |
Oasis Midstream Partners LP / OMP Finance Corp. 8.00% 20292 | 120 | 125 | |
Oasis Petroleum, Inc. 6.375% 20262 | 35 | 37 | |
Occidental Petroleum Corp. 5.875% 2025 | 240 | 269 | |
Occidental Petroleum Corp. 6.375% 2028 | 234 | 274 | |
Occidental Petroleum Corp. 6.125% 2031 | 50 | 60 | |
State of Ohio, Turnpike and Infrastructure Commission, Turnpike Rev. Ref. Bonds (Infrastructure Projects), Series 2020-A, 3.216% 2048 | 1,410 | 1,449 | |
Oleoducto Central SA 4.00% 20272 | 2,535 | 2,614 | |
Oleoducto Central SA 4.00% 2027 | 630 | 650 | |
ONEOK, Inc. 6.35% 2031 | 31 | 40 | |
ONEOK, Inc. 4.95% 2047 | 111 | 132 | |
ONEOK, Inc. 5.20% 2048 | 1,378 | 1,671 | |
ONEOK, Inc. 4.45% 2049 | 3,510 | 3,931 | |
ONEOK, Inc. 7.15% 2051 | 355 | 515 | |
Oracle Corp. 2.65% 2026 | 2,327 | 2,454 | |
Oracle Corp. 3.25% 2027 | 1,880 | 2,041 | |
Oracle Corp. 3.60% 2050 | 980 | 983 | |
Oracle Corp. 3.95% 2051 | 122 | 129 | |
OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20592,4,6 | 542 | 545 | |
Oversea-Chinese Banking Corp., Ltd. 1.832% 2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.58% on 9/10/2025)1,2 | 1,416 | 1,414 | |
Owens & Minor, Inc. 4.375% 2024 | 360 | 383 | |
Pacific Gas and Electric Co. 2.95% 2026 | 590 | 606 | |
Pacific Gas and Electric Co. 2.10% 2027 | 9,935 | 9,702 | |
Pacific Gas and Electric Co. 3.30% 2027 | 659 | 685 | |
Pacific Gas and Electric Co. 4.65% 2028 | 542 | 593 | |
Pacific Gas and Electric Co. 3.25% 2031 | 930 | 928 | |
Pacific Gas and Electric Co. 3.30% 2040 | 6,850 | 6,331 | |
Pacific Gas and Electric Co. 3.50% 2050 | 931 | 849 | |
Pakistan (Islamic Republic of) 5.50% 20212 | 3,535 | 3,536 | |
Pakistan (Islamic Republic of) 5.625% 2022 | 5,330 | 5,462 | |
Panama (Republic of) 3.75% 20262 | 1,440 | 1,549 | |
Panther BF Aggregator 2, LP 6.25% 20262 | 49 | 52 | |
Panther BF Aggregator 2, LP 8.50% 20272 | 100 | 107 | |
Paraguay (Republic of) 4.625% 2023 | 947 | 987 | |
Paraguay (Republic of) 5.00% 2026 | 235 | 262 | |
Paraguay (Republic of) 4.70% 20272 | 350 | 389 | |
Paraguay (Republic of) 5.60% 20482 | 2,340 | 2,720 | |
Paraguay (Republic of) 5.40% 20502 | 1,510 | 1,740 | |
Park Intermediate Holdings LLC 4.875% 20292 | 80 | 82 | |
Party City Holdings, Inc. 8.75% 20262 | 75 | 79 | |
Peru (Republic of) 2.392% 2026 | 500 | 511 | |
Petróleos Mexicanos 4.625% 2023 | 1,200 | 1,249 | |
Petróleos Mexicanos 6.875% 20252 | 1,340 | 1,469 | |
Petróleos Mexicanos 6.875% 2026 | 4,260 | 4,639 | |
Petróleos Mexicanos 6.50% 2029 | 85 | 88 | |
Petróleos Mexicanos 6.84% 2030 | 1,651 | 1,708 | |
Petróleos Mexicanos 7.69% 2050 | 75 | 71 |
American Funds Insurance Series — Capital World Bond Fund — Page 169 of 242
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Petróleos Mexicanos 6.95% 2060 | $201 | $176 | |
PETRONAS Capital, Ltd. 3.50% 20302 | 605 | 656 | |
PG&E Corp. 5.00% 2028 | 85 | 87 | |
PG&E Corp. 5.25% 2030 | 125 | 128 | |
PGT Innovations, Inc. 4.375% 20292 | 20 | 20 | |
Philip Morris International, Inc. 2.10% 2030 | 634 | 630 | |
Plains All American Pipeline LP 3.80% 2030 | 352 | 376 | |
Post Holdings, Inc. 4.625% 20302 | 474 | 478 | |
Power Financial Corp., Ltd. 3.35% 2031 | 1,870 | 1,833 | |
Precision Drilling Corp. 7.125% 20262 | 75 | 77 | |
Procter & Gamble Company 3.00% 2030 | 338 | 370 | |
Progress Energy, Inc. 7.75% 2031 | 150 | 211 | |
PT Bank Negara Indonesia (Persero) Tbk 3.75% 2026 | 2,940 | 3,023 | |
PT Indofood CBP Sukses Makmur Tbk 3.398% 2031 | 1,795 | 1,817 | |
PT Indonesia Asahan Aluminium Tbk 5.23% 20212 | 555 | 558 | |
PT Indonesia Asahan Aluminium Tbk 5.71% 2023 | 960 | 1,050 | |
PT Indonesia Asahan Aluminium Tbk 5.45% 20302 | 500 | 576 | |
PTT Exploration and Production PCL 2.587% 20272 | 200 | 207 | |
Public Service Electric and Gas Co. 2.05% 2050 | 415 | 358 | |
Puget Energy, Inc. 5.625% 2022 | 480 | 493 | |
Qatar (State of) 3.40% 20252 | 4,805 | 5,183 | |
Qatar (State of) 5.103% 20482 | 530 | 704 | |
Qatar Petroleum 1.375% 20262 | 1,325 | 1,317 | |
Qatar Petroleum 3.125% 20412 | 3,255 | 3,260 | |
Qatar Petroleum 3.30% 20512 | 1,045 | 1,058 | |
Rabobank Nederland 4.625% 2023 | 2,180 | 2,363 | |
Radiology Partners, Inc. 9.25% 20282 | 220 | 237 | |
Range Resources Corp. 8.25% 20292 | 55 | 62 | |
Raptor Acquisition Corp. 4.875% 20262 | 310 | 317 | |
Raptor Acquisition Corp. / Raptor Co-Issuer LLC, Term Loan B, (3-month USD-LIBOR + 4.00%) 4.75% 20265,6 | 90 | 90 | |
Real Hero Merger Sub 2, Inc. 6.25% 20292 | 25 | 26 | |
Realogy Corp. 5.75% 20292 | 160 | 166 | |
Reynolds American, Inc. 4.45% 2025 | 2,115 | 2,333 | |
RLJ Lodging Trust, LP 4.00% 20292 | 35 | 35 | |
Rockcliff Energy II LLC 5.50% 20292 | 25 | 25 | |
Roller Bearing Company of America, Inc. 4.375% 20292 | 20 | 21 | |
Royal Bank of Canada 0.875% 2026 | 4,660 | 4,589 | |
Royal Bank of Canada 1.20% 2026 | 2,200 | 2,187 | |
Royal Caribbean Cruises, Ltd. 11.50% 20252 | 57 | 65 | |
RP Escrow Issuer, LLC 5.25% 20252 | 75 | 77 | |
Russian Federation 4.25% 2027 | 1,400 | 1,562 | |
Russian Federation 4.375% 2029 | 2,800 | 3,176 | |
SA Global Sukuk, Ltd. 0.946% 20242 | 1,530 | 1,517 | |
SA Global Sukuk, Ltd. 1.602% 20262 | 835 | 831 | |
SA Global Sukuk, Ltd. 2.694% 20312 | 1,725 | 1,743 | |
Sabine Pass Liquefaction, LLC 4.50% 2030 | 88 | 102 | |
Santander Holdings USA, Inc. 3.244% 2026 | 3,750 | 4,009 | |
Saudi Arabia (Kingdom of) 2.894% 20222 | 1,900 | 1,925 | |
Saudi Arabia (Kingdom of) 2.90% 2025 | 2,000 | 2,131 | |
Saudi Arabia (Kingdom of) 3.628% 20272 | 1,900 | 2,083 | |
Saudi Arabia (Kingdom of) 3.625% 20282 | 3,840 | 4,223 | |
Saudi Arabian Oil Co. 1.625% 20252 | 430 | 431 | |
Scentre Group 3.50% 20252 | 210 | 224 | |
Scentre Group 3.75% 20272 | 110 | 121 |
American Funds Insurance Series — Capital World Bond Fund — Page 170 of 242
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Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Scientific Games Corp. 8.25% 20262 | $375 | $398 | |
Scientific Games Corp. 7.25% 20292 | 25 | 28 | |
SCIH Salt Holdings, Inc. 4.875% 20282 | 115 | 116 | |
SCIH Salt Holdings, Inc. 6.625% 20292 | 65 | 63 | |
Scotts Miracle-Gro Co. 4.50% 2029 | 115 | 120 | |
Scotts Miracle-Gro Co. 4.375% 20322 | 75 | 76 | |
Service Properties Trust 5.50% 2027 | 85 | 91 | |
ServiceNow, Inc. 1.40% 2030 | 1,830 | 1,718 | |
Simmons Foods, Inc. 4.625% 20292 | 160 | 161 | |
Sirius XM Radio, Inc. 3.125% 20262 | 80 | 81 | |
Sirius XM Radio, Inc. 4.00% 20282 | 225 | 229 | |
Sirius XM Radio, Inc. 3.875% 20312 | 100 | 98 | |
SK hynix, Inc. 1.50% 20262 | 1,343 | 1,326 | |
Skandinaviska Enskilda Banken AB 2.80% 2022 | 2,100 | 2,125 | |
SM Energy Co. 6.50% 2028 | 50 | 52 | |
Southern California Edison Co. 2.85% 2029 | 200 | 208 | |
Southwestern Energy Co. 6.45% 20251 | 130 | 143 | |
Southwestern Energy Co. 7.75% 2027 | 25 | 27 | |
Southwestern Energy Co. 8.375% 2028 | 40 | 45 | |
Southwestern Energy Co. 5.375% 2030 | 185 | 200 | |
Sprint Corp. 7.625% 2026 | 180 | 218 | |
Square, Inc. 2.75% 20262 | 125 | 127 | |
Sri Lanka (Democratic Socialist Republic of) 5.75% 2022 | 9,830 | 8,847 | |
Sri Lanka (Democratic Socialist Republic of) 5.75% 2023 | 2,890 | 1,919 | |
State Grid Overseas Investment, Ltd. 3.50% 20272 | 5,600 | 6,155 | |
Stellantis Finance US, Inc. 1.711% 20272 | 1,900 | 1,895 | |
Stellantis Finance US, Inc. 2.691% 20312 | 225 | 223 | |
Stericycle, Inc. 3.875% 20292 | 225 | 227 | |
Sunoco Logistics Operating Partners LP 4.00% 2027 | 1,490 | 1,645 | |
Sunoco LP 4.50% 2029 | 145 | 147 | |
Surgery Center Holdings 10.00% 20272 | 210 | 227 | |
Swiss Re Finance (Luxembourg) SA 5.00% 2049 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.582% on 4/2/2029)1,2 | 800 | 920 | |
Talen Energy Corp. 10.50% 20262 | 125 | 69 | |
Talen Energy Corp. 7.25% 20272 | 335 | 317 | |
Targa Resources Partners LP 5.50% 2030 | 210 | 230 | |
Targa Resources Partners LP 4.875% 2031 | 90 | 97 | |
Teekay Offshore Partners LP 8.50% 20232,9,10 | 555 | 505 | |
Tencent Holdings, Ltd. 3.24% 20502 | 3,450 | 3,253 | |
Tencent Music Entertainment Group 2.00% 2030 | 610 | 575 | |
Tenet Healthcare Corp. 4.875% 20262 | 355 | 368 | |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 4,361 | 4,340 | |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 4,600 | 4,847 | |
Teva Pharmaceutical Finance Co. BV 7.125% 2025 | 3,710 | 4,062 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 2,900 | 2,780 | |
State of Texas, Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 2052 | 1,780 | 1,841 | |
Thermo Fisher Scientific, Inc. 4.133% 2025 | 1,170 | 1,288 | |
T-Mobile US, Inc. 2.625% 2026 | 150 | 154 | |
TopBuild Corp. 4.125% 20322 | 100 | 101 | |
Toronto-Dominion Bank 1.25% 2026 | 2,836 | 2,817 | |
Total Capital International 3.127% 2050 | 804 | 810 | |
Toyota Motor Credit Corp. 3.375% 2030 | 453 | 503 | |
TransCanada PipeLines, Ltd. 4.10% 2030 | 1,342 | 1,523 | |
TransDigm, Inc. 5.50% 2027 | 65 | 67 |
American Funds Insurance Series — Capital World Bond Fund — Page 171 of 242
unaudited
Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
TransDigm, Inc. 4.625% 2029 | $115 | $115 | |
Transocean Guardian, Ltd. 5.875% 20242 | 37 | 37 | |
Transocean Poseidon, Ltd. 6.875% 20272 | 130 | 130 | |
Transocean, Inc. 6.125% 20252 | 80 | 81 | |
Transocean, Inc. 7.25% 20252 | 90 | 75 | |
Transocean, Inc. 8.00% 20272 | 80 | 63 | |
Truck Hero, Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 4.00% 20285,6 | 25 | 25 | |
Turkey (Republic of) 6.25% 2022 | 1,880 | 1,945 | |
Turkey (Republic of) 5.75% 2024 | 2,500 | 2,562 | |
Turkey (Republic of) 6.35% 2024 | 2,220 | 2,301 | |
U.S. Treasury 0.125% 2022 | 12,340 | 12,343 | |
U.S. Treasury 0.125% 2023 | 12,320 | 12,316 | |
U.S. Treasury 2.625% 2023 | 6,900 | 7,140 | |
U.S. Treasury 0.375% 2024 | 12,920 | 12,875 | |
U.S. Treasury 1.875% 2024 | 4,515 | 4,695 | |
U.S. Treasury 0.25% 202511 | 30,740 | 30,121 | |
U.S. Treasury 2.875% 2025 | 5,400 | 5,854 | |
U.S. Treasury 0.50% 2026 | 7,453 | 7,329 | |
U.S. Treasury 0.75% 2026 | 4,361 | 4,315 | |
U.S. Treasury 1.25% 2031 | 12,104 | 11,812 | |
U.S. Treasury 1.125% 2040 | 9,170 | 7,924 | |
U.S. Treasury 1.75% 2041 | 6,050 | 5,780 | |
U.S. Treasury 1.875% 204111 | 23,490 | 22,970 | |
U.S. Treasury 2.75% 2047 | 1,625 | 1,846 | |
U.S. Treasury 3.00% 2048 | 5,045 | 6,010 | |
U.S. Treasury 1.25% 2050 | 2,100 | 1,717 | |
U.S. Treasury 1.625% 205011 | 2,580 | 2,317 | |
U.S. Treasury 2.00% 2051 | 2,495 | 2,449 | |
U.S. Treasury 2.375% 2051 | 5,995 | 6,394 | |
U.S. Treasury Inflation-Protected Security 0.125% 20223 | 10,440 | 10,590 | |
U.S. Treasury Inflation-Protected Security 0.125% 20223 | 10,135 | 10,385 | |
U.S. Treasury Inflation-Protected Security 0.125% 20513 | 3,921 | 4,295 | |
UBS Group AG 1.008% 2024 (5-year UST Yield Curve Rate T Note Constant Maturity + 0.83% on 7/30/2023)1,2 | 1,950 | 1,963 | |
UKG, Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 4.00% 20265,6 | 317 | 318 | |
Ukraine 7.75% 2022 | 4,460 | 4,652 | |
UniCredit SpA 3.75% 20222 | 1,750 | 1,779 | |
Uniform Mortgage-Backed Security 1.50% 20364,12 | 4,897 | 4,932 | |
Uniform Mortgage-Backed Security 3.00% 20364,12 | 17 | 18 | |
Uniform Mortgage-Backed Security 2.50% 20514,12 | 23,340 | 24,021 | |
Uniform Mortgage-Backed Security 3.00% 20514,12 | 6,475 | 6,776 | |
Uniform Mortgage-Backed Security 3.00% 20514,12 | 3,815 | 3,987 | |
Unifrax Escrow Issuer Corp. 5.25% 20282 | 35 | 35 | |
United Mexican States 3.25% 2030 | 2,685 | 2,756 | |
United Technologies Corp. 4.125% 2028 | 1,900 | 2,164 | |
Univision Communications, Inc. 6.625% 20272 | 85 | 92 | |
Univision Communications, Inc. 4.50% 20292 | 290 | 295 | |
Valeant Pharmaceuticals International, Inc. 6.125% 20252 | 51 | 52 | |
Valvoline, Inc. 3.625% 20312 | 130 | 129 | |
Venator Materials Corp. 5.75% 20252 | 190 | 180 | |
Venator Materials Corp. 9.50% 20252 | 225 | 249 | |
Venture Global Calcasieu Pass, LLC 3.875% 20292 | 245 | 253 | |
Venture Global Calcasieu Pass, LLC 4.125% 20312 | 230 | 240 | |
Verizon Communications, Inc. 3.15% 2030 | 575 | 615 | |
Verizon Communications, Inc. 2.55% 2031 | 2,100 | 2,127 |
American Funds Insurance Series — Capital World Bond Fund — Page 172 of 242
unaudited
Bonds, notes & other debt instruments (continued) U.S. dollars (continued) | Principal amount (000) | Value (000) | |
Verizon Communications, Inc. 3.40% 2041 | $3,460 | $3,617 | |
Viavi Solutions, Inc. 3.75% 20292 | 25 | 25 | |
VICI Properties LP 4.625% 20292 | 45 | 48 | |
VICI Properties LP / VICI Note Co., Inc. 4.125% 20302 | 390 | 414 | |
Virtusa Corp., Term Loan B, (3-month USD-LIBOR + 3.75%) 4.50% 20285,6 | 25 | 25 | |
Volkswagen Group of America Finance, LLC 4.00% 20212 | 1,900 | 1,908 | |
Volkswagen Group of America Finance, LLC 4.625% 20252 | 1,280 | 1,440 | |
W. R. Grace Holdings LLC 5.625% 20292 | 65 | 67 | |
Walt Disney Company 2.65% 2031 | 4,405 | 4,602 | |
WASH Multifamily Acquisition, Inc. 5.75% 20262 | 200 | 209 | |
WEA Finance LLC 3.75% 20242 | 535 | 570 | |
Weatherford International, Ltd. 11.00% 20242 | 100 | 105 | |
WESCO Distribution, Inc. 7.125% 20252 | 195 | 208 | |
WESCO Distribution, Inc. 7.25% 20282 | 215 | 238 | |
Western Global Airlines LLC 10.375% 20252 | 15 | 17 | |
Western Midstream Operating, LP 4.35% 20251 | 85 | 90 | |
Western Midstream Operating, LP 4.75% 2028 | 70 | 76 | |
Westpac Banking Corp. 2.894% 2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.35% on 2/4/2025)1 | 2,900 | 3,004 | |
Williams Companies, Inc. 3.50% 2030 | 1,024 | 1,113 | |
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 20232 | 38 | 38 | |
Wynn Resorts, Ltd. 7.75% 20252 | 180 | 190 | |
Xcel Energy, Inc. 3.35% 2026 | 2,581 | 2,795 | |
Yahoo Holdings, Inc., Term Loan B, (1-month USD-LIBOR + 5.50%) 6.25% 20275,6 | 135 | 136 | |
Ziggo Bond Co. BV 5.125% 20302 | 200 | 205 | |
Ziggo Bond Finance BV 4.875% 20302 | 300 | 310 | |
Zimmer Holdings, Inc. 3.15% 2022 | 790 | 797 | |
821,660 | |||
Total bonds, notes & other debt instruments (cost: $1,924,219,000) | 1,958,464 | ||
Preferred securities 0.00% U.S. dollars 0.00% | Shares | ||
ACR III LSC Holdings LLC, Series B, preferred shares2,9,10,13 | 48 | 33 | |
Total preferred securities (cost: $50,000) | 33 | ||
Common stocks 0.11% U.S. dollars 0.11% | |||
New AMI I, LLC9,10,13 | 174,911 | 1,569 | |
Chesapeake Energy Corp. | 6,478 | 399 | |
Diamond Offshore Drilling, Inc.13 | 36,338 | 215 | |
Diamond Offshore Drilling, Inc.2,9,13 | 12,700 | 72 | |
McDermott International, Ltd.13 | 4,287 | 2 | |
Total common stocks (cost: $2,043,000) | 2,257 | ||
Rights & warrants 0.00% U.S. dollars 0.00% | |||
Sable Permian Resources, LLC, Class A, warrants, expire 20249,10,13 | 531 | —14 | |
Total rights & warrants (cost: $0) | —14 |
American Funds Insurance Series — Capital World Bond Fund — Page 173 of 242
unaudited
Short-term securities 6.70% Bills & notes of governments & government agencies outside the U.S. 1.22% | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Egyptian Treasury 10/19/2021 | 11.994% | EGP23,500 | $1,487 |
Egyptian Treasury 10/26/2021 | 12.115 | 105,000 | 6,627 |
Egyptian Treasury 1/4/2022 | 12.077 | 69,125 | 4,260 |
Egyptian Treasury 1/18/2022 | 11.246 | 82,900 | 5,085 |
Egyptian Treasury 4/26/2022 | 11.450 | 140,975 | 8,372 |
25,831 | |||
Money market investments 5.48% | Shares | ||
Capital Group Central Cash Fund 0.06%15,16 | 1,158,086 | 115,820 | |
Total short-term securities (cost: $141,722,000) | 141,651 | ||
Total investment securities 99.43% (cost: $2,068,034,000) | 2,102,405 | ||
Other assets less liabilities 0.57% | 12,025 | ||
Net assets 100.00% | $2,114,430 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount17 (000) | Value at 9/30/202118 (000) | Unrealized appreciation (depreciation) at 9/30/2021 (000) |
2 Year U.S. Treasury Note Futures | Long | 14 | December 2021 | $2,800 | $3,081 | $1 |
5 Year U.S. Treasury Note Futures | Long | 211 | December 2021 | 21,100 | 25,899 | (16) |
10 Year Euro-Bund Futures | Long | 100 | December 2021 | €10,000 | 19,671 | (247) |
10 Year Italy Government Bond Futures | Short | 134 | December 2021 | (13,400) | (23,585) | 129 |
10 Year Japanese Government Bond Futures | Long | 25 | December 2021 | ¥2,500,000 | 34,002 | (117) |
10 Year U.S. Treasury Note Futures | Short | 162 | December 2021 | $(16,200) | (21,321) | 258 |
10 Year Ultra U.S. Treasury Note Futures | Short | 272 | December 2021 | (27,200) | (39,508) | 702 |
10 Year UK Gilt Futures | Long | 142 | December 2021 | £14,200 | 23,945 | (704) |
20 Year U.S. Treasury Bond Futures | Long | 121 | December 2021 | $12,100 | 19,265 | (498) |
30 Year Euro-Buxl Futures | Long | 41 | December 2021 | €4,100 | 9,657 | (345) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 64 | December 2021 | $6,400 | 12,228 | (389) |
$(1,226) |
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 9/30/2021 (000) | |
Purchases (000) | Sales (000) | |||
CAD10,270 | USD8,107 | HSBC Bank | 10/7/2021 | $2 |
EUR27,250 | USD32,403 | Goldman Sachs | 10/7/2021 | (834) |
USD2,477 | MYR10,280 | Standard Chartered Bank | 10/8/2021 | 24 |
USD9,109 | MXN182,490 | HSBC Bank | 10/12/2021 | 286 |
USD6,548 | PLN25,190 | Morgan Stanley | 10/12/2021 | 215 |
EUR3,816 | PLN17,310 | Citibank | 10/12/2021 | 69 |
USD1,834 | COP6,884,150 | Citibank | 10/12/2021 | 27 |
USD1,495 | PEN6,140 | JPMorgan Chase | 10/12/2021 | 10 |
USD683 | PEN2,810 | JPMorgan Chase | 10/12/2021 | 4 |
USD683 | PEN2,810 | Citibank | 10/12/2021 | 4 |
USD547 | PEN2,250 | Citibank | 10/12/2021 | 3 |
American Funds Insurance Series — Capital World Bond Fund — Page 174 of 242
unaudited
Forward currency contracts (continued)
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 9/30/2021 (000) | |
Purchases (000) | Sales (000) | |||
EUR5,289 | CZK134,520 | Bank of America | 10/12/2021 | $(19) |
PLN25,190 | USD6,614 | UBS AG | 10/12/2021 | (280) |
USD4,625 | AUD6,260 | Bank of America | 10/13/2021 | 99 |
EUR17,715 | DKK131,740 | Citibank | 10/13/2021 | —14 |
GBP3,870 | USD5,359 | Standard Chartered Bank | 10/13/2021 | (144) |
USD36,542 | CNH235,550 | Citibank | 10/18/2021 | 65 |
USD2,585 | EUR2,200 | JPMorgan Chase | 10/18/2021 | 35 |
USD2,257 | IDR32,232,353 | Morgan Stanley | 10/18/2021 | 11 |
EUR10,126 | DKK75,300 | BNP Paribas | 10/18/2021 | —14 |
CHF800 | USD872 | Goldman Sachs | 10/18/2021 | (13) |
GBP670 | USD928 | Morgan Stanley | 10/18/2021 | (25) |
EUR5,349 | NOK54,550 | Citibank | 10/18/2021 | (41) |
SEK23,400 | USD2,728 | Bank of America | 10/18/2021 | (54) |
EUR7,180 | USD8,490 | JPMorgan Chase | 10/18/2021 | (170) |
JPY1,698,300 | USD15,541 | BNP Paribas | 10/18/2021 | (280) |
KRW24,284,310 | USD20,795 | Morgan Stanley | 10/18/2021 | (296) |
JPY7,988,848 | USD73,156 | Goldman Sachs | 10/18/2021 | (1,367) |
USD5,421 | EUR4,610 | Goldman Sachs | 10/20/2021 | 79 |
USD1,478 | CAD1,871 | BNP Paribas | 10/20/2021 | 1 |
EUR1,830 | USD2,153 | Morgan Stanley | 10/20/2021 | (33) |
USD9,861 | RUB719,276 | BNP Paribas | 10/21/2021 | 10 |
USD10,749 | MXN216,060 | Goldman Sachs | 10/25/2021 | 322 |
USD7,162 | BRL38,280 | Citibank | 10/25/2021 | 161 |
USD5,669 | DKK35,940 | HSBC Bank | 10/25/2021 | 68 |
USD5,956 | AUD8,200 | Bank of America | 10/25/2021 | 28 |
USD1,493 | DKK9,480 | Bank of America | 10/25/2021 | 15 |
USD1,489 | DKK9,480 | Bank of America | 10/25/2021 | 12 |
USD317 | INR23,460 | BNP Paribas | 10/25/2021 | 3 |
GBP11,560 | USD15,782 | UBS AG | 10/25/2021 | (205) |
EUR19,590 | USD23,004 | Bank of America | 10/25/2021 | (301) |
USD1,575 | NZD2,240 | HSBC Bank | 10/26/2021 | 29 |
GBP3,750 | USD5,163 | HSBC Bank | 11/22/2021 | (110) |
JPY355,150 | USD3,223 | Bank of New York Mellon | 11/24/2021 | (31) |
JPY1,425,490 | USD12,974 | Goldman Sachs | 11/24/2021 | (161) |
JPY1,574,490 | USD14,382 | Citibank | 11/24/2021 | (230) |
JPY665,100 | USD6,069 | Morgan Stanley | 12/16/2021 | (89) |
USD11,661 | BRL61,700 | Citibank | 6/15/2022 | 931 |
BRL61,700 | USD11,126 | JPMorgan Chase | 6/15/2022 | (396) |
USD13,962 | BRL77,286 | Citibank | 7/1/2022 | 572 |
USD6,024 | BRL33,600 | Citibank | 7/1/2022 | 203 |
BRL110,886 | USD19,160 | Citibank | 7/1/2022 | 51 |
USD13,967 | BRL77,966 | Citibank | 8/10/2022 | 583 |
USD11,219 | BRL63,000 | JPMorgan Chase | 8/10/2022 | 404 |
BRL140,966 | USD24,130 | Citibank | 8/10/2022 | 70 |
$(683) |
American Funds Insurance Series — Capital World Bond Fund — Page 175 of 242
unaudited
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
1.2475% | 3-month NZD-BBR-FRA | 8/20/2023 | NZ$4,428 | $(7) | $— | $(7) |
1.234974% | 3-month NZD-BBR-FRA | 8/20/2023 | 37,736 | (66) | — | (66) |
1.2375% | 3-month NZD-BBR-FRA | 8/26/2023 | 13,908 | (26) | — | (26) |
1.264% | 3-month NZD-BBR-FRA | 8/27/2023 | 34,765 | (53) | — | (53) |
1.26% | 3-month NZD-BBR-FRA | 8/30/2023 | 5,734 | (9) | — | (9) |
1.28% | 3-month NZD-BBR-FRA | 8/31/2023 | 5,734 | (8) | — | (8) |
1.3% | 3-month NZD-BBR-FRA | 9/3/2023 | 6,295 | (7) | — | (7) |
1.4975% | 3-month NZD-BBR-FRA | 9/21/2023 | 11,830 | 14 | — | 14 |
3-month USD-LIBOR | 0.3302% | 9/21/2023 | $7,599 | 6 | — | 6 |
1.445% | 3-month NZD-BBR-FRA | 9/28/2023 | NZ$11,817 | 4 | — | 4 |
3-month USD-LIBOR | 0.3792% | 9/28/2023 | $8,240 | (1) | — | (1) |
1.4475% | 3-month NZD-BBR-FRA | 9/29/2023 | NZ$12,043 | 4 | — | 4 |
3-month USD-LIBOR | 0.3842% | 9/29/2023 | $8,240 | (2) | — | (2) |
1.4475% | 3-month NZD-BBR-FRA | 9/30/2023 | NZ$12,093 | 4 | — | 4 |
3-month USD-LIBOR | 0.3975% | 9/30/2023 | $8,367 | (4) | — | (4) |
0.3653% | 3-month USD-LIBOR | 3/5/2024 | 13,710 | (44) | — | (44) |
(0.4545)% | 6-month EURIBOR | 4/1/2024 | €45,160 | (88) | — | (88) |
3-month SEK-STIBOR | 0.175% | 2/9/2026 | SKr56,800 | 71 | — | 71 |
3-month SEK-STIBOR | 0.179% | 2/9/2026 | 28,400 | 35 | — | 35 |
3-month SEK-STIBOR | 0.185% | 2/11/2026 | 28,500 | 35 | — | 35 |
3-month SEK-STIBOR | 0.189% | 2/11/2026 | 28,500 | 34 | — | 34 |
6.21% | 28-day MXN-TIIE | 5/21/2026 | MXN72,300 | (116) | — | (116) |
6.255% | 28-day MXN-TIIE | 5/22/2026 | 47,800 | (72) | — | (72) |
6.21% | 28-day MXN-TIIE | 5/22/2026 | 47,800 | (77) | — | (77) |
6.19% | 28-day MXN-TIIE | 5/22/2026 | 48,400 | (79) | — | (79) |
6.15% | 28-day MXN-TIIE | 5/25/2026 | 47,800 | (82) | — | (82) |
6.14% | 28-day MXN-TIIE | 6/8/2026 | 29,400 | (52) | — | (52) |
6.115% | 28-day MXN-TIIE | 6/8/2026 | 29,400 | (53) | — | (53) |
6.12% | 28-day MXN-TIIE | 6/8/2026 | 44,400 | (80) | — | (80) |
6.13% | 28-day MXN-TIIE | 6/8/2026 | 103,200 | (184) | — | (184) |
6.16% | 28-day MXN-TIIE | 6/9/2026 | 58,800 | (102) | — | (102) |
6.15% | 28-day MXN-TIIE | 6/9/2026 | 58,800 | (103) | — | (103) |
6.23% | 28-day MXN-TIIE | 6/10/2026 | 30,100 | (48) | — | (48) |
6.195% | 28-day MXN-TIIE | 6/10/2026 | 30,100 | (50) | — | (50) |
6.36% | 28-day MXN-TIIE | 6/12/2026 | 26,040 | (35) | — | (35) |
6.5375% | 28-day MXN-TIIE | 6/17/2026 | 14,000 | (14) | — | (14) |
6.5% | 28-day MXN-TIIE | 6/17/2026 | 13,900 | (15) | — | (15) |
6.47% | 28-day MXN-TIIE | 6/17/2026 | 14,200 | (16) | — | (16) |
6.55% | 28-day MXN-TIIE | 6/17/2026 | 43,000 | (42) | — | (42) |
6.55% | 28-day MXN-TIIE | 6/18/2026 | 14,100 | (14) | — | (14) |
6.5% | 28-day MXN-TIIE | 6/18/2026 | 27,800 | (30) | — | (30) |
6.59% | 28-day MXN-TIIE | 6/25/2026 | 38,700 | (35) | — | (35) |
6.58% | 28-day MXN-TIIE | 6/25/2026 | 41,600 | (38) | — | (38) |
6.585% | 28-day MXN-TIIE | 6/25/2026 | 50,900 | (46) | — | (46) |
6.64% | 28-day MXN-TIIE | 6/25/2026 | 62,600 | (50) | — | (50) |
6.6175% | 28-day MXN-TIIE | 6/25/2026 | 165,900 | (139) | — | (139) |
6.633% | 28-day MXN-TIIE | 6/25/2026 | 172,500 | (140) | — | (140) |
6.63% | 28-day MXN-TIIE | 6/26/2026 | 176,800 | (144) | — | (144) |
6.605% | 28-day MXN-TIIE | 7/6/2026 | 105,000 | (92) | — | (92) |
American Funds Insurance Series — Capital World Bond Fund — Page 176 of 242
unaudited
Swap contracts (continued)
Interest rate swaps (continued)
Receive | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
3-month USD-LIBOR | 1.4822% | 3/5/2031 | $5,120 | $14 | $— | $14 |
6-month EURIBOR | 0.5092% | 4/1/2051 | €4,790 | (13) | — | (13) |
$— | $(2,055) |
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium received (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
CDX.NA.HY.36 | 5.00%/Quarterly | 6/20/2026 | $6,580 | $(599) | $(590) | $(9) |
CDX.NA.HY.37 | 5.00%/Quarterly | 12/20/2026 | 14,072 | (1,294) | (1,310) | 16 |
CDX.NA.IG.37 | 1.00%/Quarterly | 12/20/2026 | 4,900 | (116) | (116) | —14 |
$(2,016) | $7 |
Investments in affiliates16
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliate at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 5.48% | |||||||
Money market investments 5.48% | |||||||
Capital Group Central Cash Fund 0.06%15 | $147,017 | $684,688 | $715,886 | $(4) | $5 | $115,820 | $102 |
1 | Step bond; coupon rate may change at a later date. |
2 | Acquired in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $220,854,000, which represented 10.45% of the net assets of the fund. |
3 | Index-linked bond whose principal amount moves with a government price index. |
4 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
5 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $2,067,000, which represented .10% of the net assets of the fund. |
6 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
7 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. |
8 | Scheduled interest and/or principal payment was not received. |
9 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $2,189,000, which represented .10% of the net assets of the fund. |
10 | Value determined using significant unobservable inputs. |
11 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $11,968,000, which represented .57% of the net assets of the fund. |
12 | Purchased on a TBA basis. |
13 | Security did not produce income during the last 12 months. |
14 | Amount less than one thousand. |
15 | Rate represents the seven-day yield at 9/30/2021. |
16 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
17 | Notional amount is calculated based on the number of contracts and notional contract size. |
18 | Value is calculated based on the notional amount and current market price. |
American Funds Insurance Series — Capital World Bond Fund — Page 177 of 242
unaudited
Key to abbreviations and symbols | |
AUD/A$ = Australian dollars | LIBOR = London Interbank Offered Rate |
BBR = Bank Base Rate | MXN = Mexican pesos |
BRL = Brazilian reais | MYR = Malaysian ringgits |
CAD/C$ = Canadian dollars | NOK/NKr = Norwegian kroner |
CHF = Swiss francs | NZD/NZ$ = New Zealand dollars |
CNH/CNY = Chinese yuan renminbi | PEN = Peruvian nuevos soles |
COP = Colombian pesos | PLN = Polish zloty |
CZK = Czech korunas | Ref. = Refunding |
DAC = Designated Activity Company | Rev. = Revenue |
DKK/DKr = Danish kroner | RON = Romanian leu |
EGP = Egyptian pounds | RUB = Russian rubles |
EUR/€ = Euros | SEK/SKr = Swedish kronor |
EURIBOR = Euro Interbank Offered Rate | SOFR = Secured Overnight Financing Rate |
FRA = Forward Rate Agreement | STIBOR = Stockholm Interbank Offered Rate |
GBP/£ = British pounds | TBA = To-be-announced |
GHS = Ghanaian cedi | TIIE = Equilibrium Interbank Interest Rate |
IDR = Indonesian rupiah | UAH = Ukrainian hryvnia |
INR = Indian rupees | USD/$ = U.S. dollars |
JPY/¥ = Japanese yen | ZAR = South African rand |
KRW = South Korean won |
American Funds Insurance Series — Capital World Bond Fund — Page 178 of 242
unaudited
Bonds, notes & other debt instruments 91.39% Corporate bonds, notes & loans 91.25% Consumer discretionary 13.55% | Principal amount (000) | Value (000) | |
Adient US LLC 9.00% 20251 | $500 | $541 | |
Allied Universal Holdco LLC 6.625% 20261 | 858 | 908 | |
Allied Universal Holdco LLC 9.75% 20271 | 976 | 1,063 | |
Allied Universal Holdco LLC 4.625% 20281 | 490 | 490 | |
Allied Universal Holdco LLC 6.00% 20291 | 790 | 781 | |
Ashton Woods USA LLC / Ashton Woods Finance Co. 4.625% 20291 | 540 | 546 | |
Atlas LuxCo 4 SARL 4.625% 20281 | 280 | 279 | |
Boyd Gaming Corp. 8.625% 20251 | 120 | 130 | |
Boyd Gaming Corp. 4.75% 2027 | 621 | 641 | |
Boyd Gaming Corp. 4.75% 20311 | 895 | 924 | |
Boyne USA, Inc. 4.75% 20291 | 235 | 243 | |
Caesars Entertainment, Inc. 6.25% 20251 | 1,085 | 1,144 | |
Caesars Entertainment, Inc. 4.625% 20291 | 1,750 | 1,774 | |
Caesars Resort Collection, LLC 5.75% 20251 | 345 | 364 | |
Carnival Corp. 11.50% 20231 | 190 | 212 | |
Carnival Corp. 7.625% 20261 | 975 | 1,042 | |
Carnival Corp. 10.50% 20261 | 1,130 | 1,312 | |
Carnival Corp. 4.00% 20281 | 3,000 | 3,034 | |
Carvana Co. 5.625% 20251 | 135 | 140 | |
Carvana Co. 5.50% 20271 | 1,551 | 1,585 | |
Carvana Co. 5.875% 20281 | 1,494 | 1,545 | |
Carvana Co. 4.875% 20291 | 1,630 | 1,616 | |
CEC Entertainment, Inc. 6.75% 20261 | 1,150 | 1,154 | |
Cedar Fair LP 5.25% 2029 | 415 | 426 | |
Dana, Inc. 5.625% 2028 | 675 | 728 | |
Empire Communities Corp. 7.00% 20251 | 475 | 497 | |
Everi Holdings, Inc. 5.00% 20291 | 455 | 467 | |
Fertitta Entertainment, Inc. 6.75% 20241 | 2,671 | 2,678 | |
First Student Bidco, Inc. / First Transit Parent, Inc. 4.00% 20291 | 2,840 | 2,804 | |
Foot Locker, Inc. 4.00% 20291 | 755 | 758 | |
Ford Motor Co. 8.50% 2023 | 1,907 | 2,100 | |
Ford Motor Co. 9.00% 2025 | 684 | 823 | |
Ford Motor Co. 9.625% 2030 | 250 | 354 | |
Ford Motor Co. 7.45% 2031 | 275 | 359 | |
Ford Motor Credit Company LLC 3.664% 2024 | 500 | 517 | |
Ford Motor Credit Company LLC 3.81% 2024 | 687 | 710 | |
Ford Motor Credit Company LLC 5.584% 2024 | 350 | 377 | |
Ford Motor Credit Company LLC 3.375% 2025 | 1,615 | 1,661 | |
Ford Motor Credit Company LLC 5.125% 2025 | 5,285 | 5,747 | |
Ford Motor Credit Company LLC 2.70% 2026 | 1,050 | 1,053 | |
Ford Motor Credit Company LLC 4.542% 2026 | 1,460 | 1,576 | |
Ford Motor Credit Company LLC 3.815% 2027 | 2,125 | 2,207 | |
Ford Motor Credit Company LLC 4.125% 2027 | 835 | 887 | |
Ford Motor Credit Company LLC 4.271% 2027 | 525 | 559 | |
Ford Motor Credit Company LLC 2.90% 2028 | 550 | 550 |
American Funds Insurance Series — American High-Income Trust — Page 179 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Ford Motor Credit Company LLC 5.113% 2029 | $200 | $224 | |
Ford Motor Credit Company LLC 4.00% 2030 | 1,820 | 1,895 | |
Ford Motor Credit Company LLC 3.625% 2031 | 400 | 403 | |
Full House Resorts, Inc. 8.25% 20281 | 760 | 818 | |
GPS Hospitality Holding Co. LLC 7.00% 20281 | 240 | 238 | |
Grupo Axo, SAPI de CV, 5.75% 20261 | 200 | 205 | |
Hanesbrands, Inc. 4.625% 20241 | 1,945 | 2,053 | |
Hanesbrands, Inc. 5.375% 20251 | 432 | 453 | |
Hanesbrands, Inc. 4.875% 20261 | 2,024 | 2,195 | |
Hilton Grand Vacations Borrower 5.00% 20291 | 2,360 | 2,410 | |
Hilton Worldwide Holdings Inc. 5.375% 20251 | 100 | 105 | |
Hilton Worldwide Holdings, Inc. 3.75% 20291 | 300 | 303 | |
Hilton Worldwide Holdings, Inc. 4.875% 2030 | 508 | 546 | |
Hilton Worldwide Holdings, Inc. 4.00% 20311 | 1,720 | 1,748 | |
International Game Technology PLC 6.50% 20251 | 1,383 | 1,545 | |
International Game Technology PLC 4.125% 20261 | 785 | 817 | |
International Game Technology PLC 5.25% 20291 | 3,180 | 3,403 | |
KB Home 6.875% 2027 | 330 | 395 | |
Landry’s Finance Acquisition Co., Term Loan, (3-month USD-LIBOR + 12.00%) 13.00% 20232,3 | 17 | 19 | |
Las Vegas Sands Corp. 3.90% 2029 | 186 | 190 | |
Lennar Corp. 4.50% 2024 | 40 | 43 | |
Levi Strauss & Co. 3.50% 20311 | 430 | 435 | |
LGI Homes, Inc. 4.00% 20291 | 450 | 449 | |
Limited Brands, Inc. 6.625% 20301 | 370 | 420 | |
Limited Brands, Inc. 6.875% 2035 | 786 | 987 | |
Limited Brands, Inc. 6.75% 2036 | 655 | 813 | |
Lithia Motors, Inc. 4.625% 20271 | 100 | 105 | |
Lithia Motors, Inc. 3.875% 20291 | 705 | 733 | |
Lithia Motors, Inc. 4.375% 20311 | 475 | 508 | |
M.D.C. Holdings, Inc. 6.00% 2043 | 823 | 1,038 | |
Marriott International, Inc. 2.75% 2033 | 86 | 84 | |
Marriott Ownership Resorts, Inc. 4.50% 20291 | 490 | 497 | |
Melco International Development, Ltd. 5.75% 20281 | 2,070 | 2,120 | |
Melco International Development, Ltd. 5.375% 20291 | 1,756 | 1,788 | |
Melco Resorts Finance, Ltd. 5.25% 20261 | 300 | 304 | |
Merlin Entertainment 5.75% 20261 | 792 | 819 | |
MGM Growth Properties LLC 5.625% 2024 | 557 | 606 | |
MGM Growth Properties LLC 4.625% 20251 | 900 | 971 | |
MGM Growth Properties LLC 3.875% 20291 | 1,400 | 1,493 | |
MGM Resorts International 6.00% 2023 | 281 | 297 | |
MGM Resorts International 5.50% 2027 | 401 | 436 | |
Midas Intermediate Holdco II, LLC 7.875% 20221 | 190 | 157 | |
Midas Intermediate Holdco II, LLC, Term Loan B, (3-month USD-LIBOR + 7.75%) 8.50% 20252,3 | 2,304 | 2,204 | |
Mohegan Gaming & Entertainment 8.00% 20261 | 2,143 | 2,236 | |
Motel 6 Operating LP, Term Loan B, (1-month USD-LIBOR + 5.00%) 5.75% 20262,3 | 675 | 676 | |
NCL Corp., Ltd. 3.625% 20241 | 650 | 618 | |
NCL Corp., Ltd. 12.25% 20241 | 175 | 207 | |
NCL Corp., Ltd. 5.875% 20261 | 475 | 488 | |
Neiman Marcus Group, LLC 7.125% 20261 | 2,905 | 3,087 | |
Newell Rubbermaid, Inc. 4.875% 2025 | 445 | 492 | |
Newell Rubbermaid, Inc. 5.875% 20364 | 30 | 37 | |
Norwegian Cruise Line Holdings, Ltd. 10.25% 20261 | 275 | 316 |
American Funds Insurance Series — American High-Income Trust — Page 180 of 242
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Panther BF Aggregator 2, LP 6.25% 20261 | $140 | $147 | |
Panther BF Aggregator 2, LP 8.50% 20271 | 340 | 362 | |
Party City Holdings, Inc. 6.625% 20261 | 500 | 414 | |
Party City Holdings, Inc. 8.75% 20261 | 3,200 | 3,352 | |
Playa Resorts Holding BV, Term Loan B, (3-month USD-LIBOR + 2.75%) 3.75% 20242,3 | 824 | 808 | |
Premier Entertainment Sub LLC 5.625% 20291 | 2,400 | 2,427 | |
Premier Entertainment Sub LLC 5.875% 20311 | 2,185 | 2,211 | |
QVC, Inc. 4.375% 2028 | 200 | 207 | |
Raptor Acquisition Corp. 4.875% 20261 | 950 | 971 | |
Raptor Acquisition Corp. / Raptor Co-Issuer LLC, Term Loan B, (3-month USD-LIBOR + 4.00%) 4.75% 20262,3 | 425 | 426 | |
Real Hero Merger Sub 2, Inc. 6.25% 20291 | 430 | 447 | |
Royal Caribbean Cruises, Ltd. 10.875% 20231 | 325 | 364 | |
Royal Caribbean Cruises, Ltd. 11.50% 20251 | 1,881 | 2,149 | |
Royal Caribbean Cruises, Ltd. 4.25% 20261 | 1,960 | 1,922 | |
Royal Caribbean Cruises, Ltd. 5.50% 20261 | 545 | 561 | |
Sally Holdings LLC and Sally Capital, Inc. 5.625% 2025 | 1,225 | 1,257 | |
Sally Holdings LLC and Sally Capital, Inc. 8.75% 20251 | 1,959 | 2,113 | |
Scientific Games Corp. 5.00% 20251 | 91 | 94 | |
Scientific Games Corp. 8.625% 20251 | 1,675 | 1,816 | |
Scientific Games Corp. 8.25% 20261 | 2,409 | 2,560 | |
Scientific Games Corp. 7.00% 20281 | 85 | 92 | |
Scientific Games Corp. 7.25% 20291 | 370 | 416 | |
Six Flags Entertainment Corp. 4.875% 20241 | 437 | 442 | |
Staples, Inc. 7.50% 20261 | 421 | 428 | |
Studio City Finance, Ltd. 5.00% 20291 | 450 | 416 | |
Tempur Sealy International, Inc. 4.00% 20291 | 485 | 500 | |
Tempur Sealy International, Inc. 3.875% 20311 | 1,460 | 1,464 | |
The Gap, Inc. 3.625% 20291 | 690 | 693 | |
The Gap, Inc. 3.875% 20311 | 278 | 278 | |
The Home Co., Inc. 7.25% 20251 | 725 | 764 | |
TopBuild Corp. 4.125% 20321 | 750 | 759 | |
Travel + Leisure Co. 6.60% 20254 | 50 | 56 | |
Travel + Leisure Co. 6.00% 2027 | 350 | 389 | |
Truck Hero, Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 4.00% 20282,3 | 531 | 530 | |
Twin River Worldwide Holdings, Inc. 6.75% 20271 | 30 | 33 | |
Universal Entertainment Corp. 8.50% 20241 | 1,375 | 1,435 | |
Vail Resorts, Inc. 6.25% 20251 | 315 | 333 | |
VICI Properties LP 4.25% 20261 | 962 | 1,006 | |
VICI Properties LP 4.625% 20291 | 1,385 | 1,491 | |
VICI Properties LP / VICI Note Co., Inc. 3.50% 20251 | 851 | 869 | |
VICI Properties LP / VICI Note Co., Inc. 3.75% 20271 | 379 | 393 | |
VICI Properties LP / VICI Note Co., Inc. 4.125% 20301 | 3,124 | 3,315 | |
WASH Multifamily Acquisition, Inc. 5.75% 20261 | 405 | 423 | |
Wheel Pros, Inc. 6.50% 20291 | 800 | 775 | |
Wheel Pros, Inc., Term Loan, (3-month USD-LIBOR + 4.50%) 5.25% 20282,3 | 960 | 961 | |
Wyndham Destinations, Inc. 6.625% 20261 | 525 | 598 | |
Wyndham Destinations, Inc. 4.625% 20301 | 400 | 412 | |
Wyndham Worldwide Corp. 4.375% 20281 | 1,490 | 1,557 | |
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 20231 | 861 | 869 | |
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.50% 20251 | 200 | 204 | |
Wynn Macau, Ltd. 5.125% 20291 | 750 | 706 | |
Wynn Resorts, Ltd. 7.75% 20251 | 494 | 522 |
American Funds Insurance Series — American High-Income Trust — Page 181 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) | |
Wynn Resorts, Ltd. 5.125% 20291 | $1,017 | $1,026 | |
Yahoo Holdings, Inc., Term Loan B, (1-month USD-LIBOR + 5.50%) 6.25% 20272,3 | 925 | 929 | |
144,427 | |||
Energy 13.46% | |||
Aethon United BR LP / Aethon United Finance Corp. 8.25% 20261 | 425 | 460 | |
Antero Midstream Partners LP 5.375% 20291 | 470 | 485 | |
Antero Resources Corp. 7.625% 20291 | 200 | 224 | |
Antero Resources Corp. 5.375% 20301 | 720 | 759 | |
Apache Corp. 4.625% 2025 | 1,520 | 1,636 | |
Apache Corp. 4.875% 2027 | 875 | 955 | |
Apache Corp. 4.375% 2028 | 194 | 210 | |
Apache Corp. 6.00% 2037 | 165 | 201 | |
Apache Corp. 5.10% 2040 | 695 | 779 | |
Apache Corp. 4.75% 2043 | 265 | 287 | |
Ascent Resources - Utica LLC 7.00% 20261 | 1,640 | 1,697 | |
Ascent Resources - Utica LLC 9.00% 20271 | 170 | 233 | |
Ascent Resources - Utica LLC 8.25% 20281 | 271 | 296 | |
Ascent Resources - Utica LLC 5.875% 20291 | 1,105 | 1,130 | |
Ascent Resources - Utica LLC, Term Loan, (3-month USD-LIBOR + 9.00%) 10.00% 20251,2,3 | 228 | 251 | |
Blue Racer Midstream LLC and Blue Racer Finance Corp. 7.625% 20251 | 676 | 732 | |
California Resources Corp. 7.125% 20261 | 290 | 306 | |
Cenovus Energy, Inc. 5.375% 2025 | 246 | 280 | |
Cenovus Energy, Inc. 5.40% 2047 | 400 | 492 | |
Centennial Resource Production, LLC 6.875% 20271 | 465 | 474 | |
Cheniere Energy Partners LP 4.50% 2029 | 938 | 998 | |
Cheniere Energy Partners LP 4.00% 20311 | 2,323 | 2,436 | |
Cheniere Energy Partners LP 3.25% 20321 | 1,205 | 1,210 | |
Cheniere Energy, Inc. 7.00% 2024 | 319 | 361 | |
Cheniere Energy, Inc. 5.875% 2025 | 495 | 559 | |
Cheniere Energy, Inc. 4.625% 2028 | 5,396 | 5,693 | |
Chesapeake Energy Corp. 4.875% 20225 | 4,300 | 129 | |
Chesapeake Energy Corp. 5.50% 20261 | 1,185 | 1,240 | |
Chesapeake Energy Corp. 5.875% 20291 | 1,020 | 1,091 | |
CNX Midstream Partners LP 4.75% 20301 | 410 | 417 | |
CNX Resources Corp. 7.25% 20271 | 1,838 | 1,959 | |
CNX Resources Corp. 6.00% 20291 | 1,345 | 1,424 | |
Comstock Resources, Inc. 6.75% 20291 | 845 | 914 | |
Comstock Resources, Inc. 5.875% 20301 | 1,220 | 1,271 | |
Constellation Oil Services Holding SA 10.00% PIK 20241,5,6 | 7,784 | 2,416 | |
Continental Resources, Inc. 5.75% 20311 | 1,155 | 1,398 | |
Convey Park Energy LLC 7.50% 20251 | 417 | 434 | |
CQP Holdco LP / BIP-V Chinook Holdco LLC 5.50% 20311 | 3,210 | 3,418 | |
Crestwood Midstream Partners LP 6.00% 20291 | 575 | 602 | |
DCP Midstream LP 7.375% perpetual bonds (3-month USD-LIBOR + 5.148% on 12/15/2022)4 | 270 | 263 | |
Devon Energy Corp. 5.875% 20281 | 202 | 223 | |
Devon Energy Corp. 4.50% 20301 | 493 | 538 | |
Diamond Foreign Asset Co. / Diamond Finance LLC 13.00% PIK or 9.00% Cash or (5.50% PIK and 5.50% Cash) 20271,3,6 | 68 | 69 | |
Diamond Foreign Asset Co. / Diamond Finance LLC 13.00% PIK or 9.00% Cash or (5.50% PIK and 5.50% Cash) 20273,6 | 62 | 62 | |
DT Midstream, Inc. 4.125% 20291 | 1,750 | 1,777 |
American Funds Insurance Series — American High-Income Trust — Page 182 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
DT Midstream, Inc. 4.375% 20311 | $785 | $810 | |
Encino Acquisition Partners Holdings, LLC 8.50% 20281 | 50 | 51 | |
Endeavor Energy Resources LP 6.625% 20251 | 850 | 897 | |
Energean Israel Finance, Ltd. 4.50% 20241 | 945 | 966 | |
Energean Israel Finance, Ltd. 4.875% 20261 | 550 | 565 | |
Energy Transfer Operating LP 5.00% 2050 | 1,951 | 2,255 | |
Energy Transfer Partners LP 6.50% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 5.694% on 11/15/2026)4 | 400 | 418 | |
EnLink Midstream Partners, LLC 5.625% 20281 | 660 | 704 | |
EnLink Midstream Partners, LP 4.15% 2025 | 50 | 52 | |
EQM Midstream Partners LP 4.75% 2023 | 400 | 418 | |
EQM Midstream Partners LP 4.125% 2026 | 127 | 131 | |
EQM Midstream Partners LP 6.50% 20271 | 2,365 | 2,663 | |
EQM Midstream Partners LP 5.50% 2028 | 1,231 | 1,354 | |
EQM Midstream Partners LP 4.50% 20291 | 835 | 867 | |
EQM Midstream Partners LP 4.75% 20311 | 1,255 | 1,307 | |
EQM Midstream Partners LP 6.50% 2048 | 100 | 114 | |
EQT Corp. 6.625% 20254 | 630 | 722 | |
EQT Corp. 3.90% 2027 | 125 | 135 | |
EQT Corp. 5.00% 2029 | 480 | 541 | |
EQT Corp. 7.50% 20304 | 400 | 515 | |
EQT Corp. 3.625% 20311 | 500 | 522 | |
Genesis Energy, LP 5.625% 2024 | 150 | 150 | |
Genesis Energy, LP 6.50% 2025 | 2,235 | 2,227 | |
Genesis Energy, LP 8.00% 2027 | 2,663 | 2,700 | |
Guara Norte SARL 5.198% 20341 | 592 | 596 | |
Harvest Midstream I, LP 7.50% 20281 | 1,867 | 1,991 | |
Hess Midstream Operations LP 4.25% 20301 | 1,400 | 1,417 | |
Hess Midstream Partners LP 5.125% 20281 | 687 | 718 | |
Hilcorp Energy I, LP 5.75% 20251 | 775 | 785 | |
Hilcorp Energy I, LP 5.75% 20291 | 790 | 813 | |
Hilcorp Energy I, LP 6.00% 20311 | 600 | 618 | |
Independence Energy Finance LLC 7.25% 20261 | 500 | 516 | |
Lealand Finance Company BV, Term Loan, (3-month USD-LIBOR + 3.00%) 3.085% 20242,3 | 12 | 7 | |
Lealand Finance Company BV, Term Loan, 3.00% PIK and (3-month USD-LIBOR + 1.00%) 1.08% Cash 20252,3,6 | 150 | 67 | |
Murphy Oil Corp. 6.875% 2024 | 543 | 555 | |
Murphy Oil Corp. 5.75% 2025 | 600 | 620 | |
Murphy Oil Corp. 6.375% 2028 | 665 | 704 | |
Murphy Oil USA, Inc. 3.75% 20311 | 200 | 202 | |
Nabors Industries, Inc. 5.75% 2025 | 355 | 329 | |
Neptune Energy Group Holdings, Ltd. 6.625% 20251 | 850 | 876 | |
New Fortress Energy, Inc. 6.75% 20251 | 1,290 | 1,244 | |
New Fortress Energy, Inc. 6.50% 20261 | 3,235 | 3,098 | |
NGL Energy Operating LLC 7.50% 20261 | 7,355 | 7,503 | |
NGL Energy Partners LP 7.50% 2023 | 414 | 403 | |
NGL Energy Partners LP 6.125% 2025 | 2,696 | 2,383 | |
Northern Oil and Gas, Inc. 8.125% 20281 | 1,435 | 1,535 | |
NorthRiver Midstream Finance LP 5.625% 20261 | 625 | 651 | |
NuStar Logistics LP 6.00% 2026 | 286 | 309 | |
Oasis Midstream Partners LP / OMP Finance Corp. 8.00% 20291 | 1,845 | 1,922 | |
Oasis Petroleum, Inc. 6.375% 20261 | 887 | 931 | |
Occidental Petroleum Corp. 2.90% 2024 | 548 | 558 |
American Funds Insurance Series — American High-Income Trust — Page 183 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Occidental Petroleum Corp. 5.875% 2025 | $710 | $797 | |
Occidental Petroleum Corp. 8.00% 2025 | 1,400 | 1,674 | |
Occidental Petroleum Corp. 3.40% 2026 | 600 | 616 | |
Occidental Petroleum Corp. 3.50% 2029 | 460 | 468 | |
Occidental Petroleum Corp. 6.625% 2030 | 810 | 999 | |
Occidental Petroleum Corp. 8.875% 2030 | 300 | 408 | |
Occidental Petroleum Corp. 6.125% 2031 | 530 | 637 | |
Occidental Petroleum Corp. 4.20% 2048 | 165 | 158 | |
PDC Energy, Inc. 5.75% 2026 | 1,100 | 1,147 | |
Petróleos Mexicanos 6.875% 20251 | 350 | 384 | |
Petróleos Mexicanos 5.35% 2028 | 449 | 443 | |
Petróleos Mexicanos 7.69% 2050 | 651 | 617 | |
Petrorio Luxembourg SARL 6.125% 20261 | 320 | 323 | |
Precision Drilling Corp. 6.875% 20291 | 160 | 167 | |
Range Resources Corp. 4.875% 2025 | 642 | 679 | |
Range Resources Corp. 8.25% 20291 | 850 | 957 | |
Rattler Midstream Partners LP 5.625% 20251 | 955 | 996 | |
Rockcliff Energy II LLC 5.50% 20291 | 440 | 447 | |
Rockies Express Pipeline LLC 4.95% 20291 | 1,000 | 1,041 | |
Sabine Pass Liquefaction, LLC 4.50% 2030 | 856 | 987 | |
Sanchez Energy Corp. 7.25% 20231,5 | 739 | 25 | |
SM Energy Co. 6.50% 2028 | 220 | 228 | |
Southwestern Energy Co. 6.45% 20254 | 715 | 788 | |
Southwestern Energy Co. 7.75% 2027 | 1,172 | 1,268 | |
Southwestern Energy Co. 8.375% 2028 | 565 | 641 | |
Southwestern Energy Co. 5.375% 20291 | 470 | 503 | |
Southwestern Energy Co. 5.375% 2030 | 3,120 | 3,371 | |
Suburban Propane Partners LP / Suburban Energy Finance Corp. 5.00% 20311 | 335 | 348 | |
Sunoco LP 5.50% 2026 | 178 | 182 | |
Sunoco LP 6.00% 2027 | 1,047 | 1,091 | |
Sunoco LP 4.50% 2029 | 1,680 | 1,706 | |
Superior Plus LP and Superior General Partner, Inc. 4.50% 20291 | 690 | 713 | |
Tallgrass Energy Partners, LP 7.50% 20251 | 230 | 249 | |
Tapstone Energy, Term Loan, (3-month USD-LIBOR + 4.00%) 4.741% 20242,3,7,8 | 11 | 10 | |
Targa Resources Partners LP 5.875% 2026 | 321 | 336 | |
Targa Resources Partners LP 6.50% 2027 | 133 | 144 | |
Targa Resources Partners LP 6.875% 2029 | 615 | 690 | |
Targa Resources Partners LP 5.50% 2030 | 802 | 878 | |
Targa Resources Partners LP 4.875% 2031 | 1,620 | 1,750 | |
Targa Resources Partners LP 4.00% 20321 | 550 | 569 | |
Teekay Corp. 9.25% 20221 | 2,883 | 2,973 | |
Teekay Offshore Partners LP 8.50% 20231,7,8 | 2,009 | 1,828 | |
Transocean Guardian, Ltd. 5.875% 20241 | 379 | 377 | |
Transocean Poseidon, Ltd. 6.875% 20271 | 385 | 384 | |
Transocean, Inc. 6.125% 20251 | 389 | 390 | |
Transocean, Inc. 7.25% 20251 | 500 | 417 | |
Transocean, Inc. 8.00% 20271 | 550 | 434 | |
USA Compression Partners, LP 6.875% 2026 | 264 | 275 | |
USA Compression Partners, LP 6.875% 2027 | 247 | 262 | |
Venture Global Calcasieu Pass, LLC 4.125% 20311 | 2,695 | 2,813 | |
Weatherford International, Ltd. 11.00% 20241 | 3,686 | 3,888 | |
Weatherford International, Ltd. 6.50% 20281 | 1,640 | 1,691 | |
Western Gas Partners LP 4.50% 2028 | 1,374 | 1,476 | |
Western Gas Partners LP 5.45% 2044 | 55 | 63 |
American Funds Insurance Series — American High-Income Trust — Page 184 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
Western Midstream Operating, LP 4.35% 20254 | $369 | $390 | |
Western Midstream Operating, LP 4.75% 2028 | 160 | 175 | |
Western Midstream Operating, LP 5.30% 20304 | 400 | 443 | |
Western Midstream Operating, LP 6.50% 20504 | 500 | 589 | |
143,527 | |||
Communication services 13.25% | |||
Altice France SA 5.125% 20291 | 2,547 | 2,501 | |
Beasley Mezzanine Holdings, LLC 8.625% 20261 | 475 | 485 | |
Brightstar Escrow Corp. 9.75% 20251 | 1,095 | 1,176 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.00% 20231 | 1,155 | 1,162 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.50% 20261 | 132 | 136 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 20281 | 96 | 100 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 20291 | 100 | 108 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20301 | 3,604 | 3,723 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 20301 | 3,137 | 3,284 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.80% 2031 | 140 | 140 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20311 | 3,285 | 3,346 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 2032 | 1,024 | 1,056 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20331 | 1,175 | 1,197 | |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20341 | 750 | 744 | |
Centerfield Media Parent, Inc. 6.625% 20261 | 1,160 | 1,196 | |
CenturyLink, Inc. 6.75% 2023 | 1,480 | 1,624 | |
CenturyLink, Inc. 7.50% 2024 | 583 | 646 | |
CenturyLink, Inc. 5.125% 20261 | 550 | 571 | |
CenturyLink, Inc. 4.00% 20271 | 750 | 767 | |
Cinemark USA, Inc. 5.875% 20261 | 330 | 334 | |
Cinemark USA, Inc. 5.25% 20281 | 400 | 395 | |
Clear Channel Worldwide Holdings, Inc. 7.75% 20281 | 700 | 738 | |
Clear Channel Worldwide Holdings, Inc. 7.50% 20291 | 380 | 396 | |
Cogent Communications Group, Inc. 3.50% 20261 | 1,000 | 1,015 | |
Consolidated Communications, Inc. 5.00% 20281 | 225 | 233 | |
Diamond Sports Group LLC 5.375% 20261 | 743 | 491 | |
Diamond Sports Group LLC 6.625% 20271 | 1,056 | 464 | |
DIRECTV Financing LLC, Term Loan, (3-month USD-LIBOR + 5.00%) 5.75% 20272,3 | 1,865 | 1,869 | |
DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. 5.875% 20271 | 2,920 | 3,051 | |
DISH DBS Corp. 5.125% 2029 | 900 | 883 | |
Embarq Corp. 7.995% 2036 | 2,102 | 2,258 | |
Epicor Software Corp., Term Loan C, (3-month USD-LIBOR + 3.25%) 4.00% 20272,3 | 74 | 74 | |
Epicor Software Corp., Term Loan, (3-month USD-LIBOR + 7.75%) 8.75% 20282,3 | 525 | 541 | |
Front Range BidCo, Inc. 6.125% 20281 | 839 | 852 | |
Frontier Communications Corp. 5.875% 20271 | 1,550 | 1,649 | |
Frontier Communications Corp. 5.00% 20281 | 5,680 | 5,971 | |
Frontier Communications Corp. 6.75% 20291 | 2,110 | 2,227 | |
Frontier Communications Holdings, LLC 5.875% 2029 | 1,650 | 1,672 | |
Gray Television, Inc. 7.00% 20271 | 828 | 889 | |
iHeartCommunications, Inc. 5.25% 20271 | 1,445 | 1,503 | |
Inmarsat PLC 6.75% 20261 | 1,475 | 1,545 | |
Intelsat Jackson Holding Co. 8.00% 20241 | 1,675 | 1,721 | |
Intelsat Jackson Holding Co. 8.50% 20241,5 | 2,050 | 1,172 | |
Intelsat Jackson Holding Co., Term Loan, (3-month USD-LIBOR + 4.75%) 5.75% 20222,3 | 1,010 | 1,015 | |
Intelsat Jackson Holding Co., Term Loan, 6.625% 20242 | 3,900 | 3,978 | |
Kantar Group LLC, Term Loan B2, (3-month USD-LIBOR + 4.50%) 5.25% 20262,3 | 390 | 391 | |
Lamar Media Corp. 3.75% 2028 | 61 | 63 |
American Funds Insurance Series — American High-Income Trust — Page 185 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) | |
Lamar Media Corp. 4.875% 2029 | $300 | $318 | |
Lamar Media Corp. 4.00% 2030 | 260 | 268 | |
Lamar Media Corp. 3.625% 2031 | 125 | 125 | |
Level 3 Financing, Inc. 3.75% 20291 | 550 | 532 | |
Ligado Networks LLC 15.50% PIK 20231,6 | 1,530 | 1,486 | |
Ligado Networks LLC 17.50% PIK 20241,6 | 246 | 186 | |
Live Nation Entertainment, Inc. 3.75% 20281 | 425 | 423 | |
Mav Acquisition Corp. 5.75% 20281 | 520 | 512 | |
Meredith Corp. 6.875% 2026 | 549 | 568 | |
Midas OpCo Holdings LLC 5.625% 20291 | 3,300 | 3,419 | |
Netflix, Inc. 4.875% 2028 | 635 | 733 | |
Netflix, Inc. 5.375% 20291 | 50 | 61 | |
Netflix, Inc. 4.875% 20301 | 674 | 794 | |
News Corp. 3.875% 20291 | 1,200 | 1,235 | |
Nexstar Broadcasting, Inc. 4.75% 20281 | 2,400 | 2,493 | |
Nexstar Escrow Corp. 5.625% 20271 | 789 | 836 | |
Qwest Capital Funding, Inc. 6.875% 2028 | 860 | 938 | |
Scripps Escrow II, Inc. 3.875% 20291 | 750 | 754 | |
Sinclair Television Group, Inc. 5.125% 20271 | 195 | 194 | |
Sinclair Television Group, Inc. 4.125% 20301 | 1,550 | 1,517 | |
Sirius XM Radio, Inc. 3.125% 20261 | 2,100 | 2,132 | |
Sirius XM Radio, Inc. 4.00% 20281 | 2,725 | 2,774 | |
Sirius XM Radio, Inc. 4.125% 20301 | 445 | 448 | |
Sirius XM Radio, Inc. 3.875% 20311 | 2,400 | 2,347 | |
Sprint Corp. 11.50% 2021 | 538 | 545 | |
Sprint Corp. 7.625% 2026 | 2,000 | 2,426 | |
Sprint Corp. 6.875% 2028 | 7,896 | 10,117 | |
Sprint Corp. 8.75% 2032 | 5,791 | 8,658 | |
Summer (BC) BidCo B LLC 5.50% 20261 | 365 | 375 | |
TEGNA, Inc. 4.75% 20261 | 850 | 888 | |
TEGNA, Inc. 4.625% 2028 | 650 | 665 | |
TEGNA, Inc. 5.00% 2029 | 936 | 965 | |
T-Mobile US, Inc. 2.625% 2026 | 1,650 | 1,689 | |
T-Mobile US, Inc. 3.375% 20291 | 1,750 | 1,828 | |
T-Mobile US, Inc. 2.875% 2031 | 460 | 464 | |
Total Play Telecomunicaciones, SA de CV, 7.50% 20251 | 275 | 286 | |
Trilogy International South Pacific LLC / TISP Finance, Inc. 8.875% 20231 | 4,947 | 4,831 | |
Univision Communications, Inc. 5.125% 20251 | 3,195 | 3,246 | |
Univision Communications, Inc. 6.625% 20271 | 3,050 | 3,317 | |
Univision Communications, Inc. 4.50% 20291 | 5,500 | 5,596 | |
UPC Broadband Finco BV 4.875% 20311 | 650 | 666 | |
Virgin Media O2 4.25% 20311 | 2,625 | 2,622 | |
Virgin Media Secured Finance PLC 4.50% 20301 | 990 | 1,007 | |
VMED O2 UK Financing I PLC 4.75% 20311 | 200 | 205 | |
Warner Music Group 3.875% 20301 | 850 | 885 | |
Ziggo Bond Co. BV 5.125% 20301 | 419 | 430 | |
Ziggo Bond Finance BV 5.50% 20271 | 824 | 853 | |
Ziggo Bond Finance BV 4.875% 20301 | 2,200 | 2,271 | |
141,280 | |||
Health care 10.83% | |||
180 Medical, Inc. 3.875% 20291 | 495 | 495 | |
AdaptHealth, LLC 5.125% 20301 | 725 | 726 | |
Auris Luxembourg III SARL, Term Loan, (3-month USD-LIBOR + 3.75%) 3.834% 20262,3 | 839 | 832 |
American Funds Insurance Series — American High-Income Trust — Page 186 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
Avantor Funding, Inc. 4.625% 20281 | $1,910 | $2,013 | |
Bausch Health Companies, Inc. 9.25% 20261 | 2,644 | 2,827 | |
Bausch Health Companies, Inc. 5.75% 20271 | 1,000 | 1,049 | |
Bausch Health Companies, Inc. 4.875% 20281 | 2,445 | 2,537 | |
Bausch Health Companies, Inc. 5.00% 20281 | 987 | 938 | |
Bausch Health Companies, Inc. 7.00% 20281 | 553 | 567 | |
Bausch Health Companies, Inc. 5.00% 20291 | 375 | 350 | |
Bausch Health Companies, Inc. 6.25% 20291 | 815 | 808 | |
Bausch Health Companies, Inc. 5.25% 20301 | 852 | 796 | |
Bausch Health Companies, Inc. 5.25% 20311 | 3,055 | 2,814 | |
Catalent Pharma Solutions, Inc. 5.00% 20271 | 53 | 55 | |
Catalent Pharma Solutions, Inc. 3.125% 20291 | 285 | 280 | |
Catalent Pharma Solutions, Inc. 3.50% 20301 | 1,200 | 1,202 | |
Centene Corp. 4.25% 2027 | 584 | 612 | |
Centene Corp. 2.45% 2028 | 4,140 | 4,166 | |
Centene Corp. 4.625% 2029 | 4,305 | 4,697 | |
Centene Corp. 3.00% 2030 | 2,530 | 2,596 | |
Centene Corp. 3.375% 2030 | 842 | 873 | |
Centene Corp. 2.50% 2031 | 1,485 | 1,466 | |
Centene Corp. 2.625% 2031 | 1,350 | 1,343 | |
Charles River Laboratories International, Inc. 4.25% 20281 | 241 | 251 | |
Charles River Laboratories International, Inc. 3.75% 20291 | 680 | 695 | |
Community Health Systems, Inc. 5.625% 20271 | 730 | 765 | |
Community Health Systems, Inc. 6.00% 20291 | 653 | 693 | |
DaVita, Inc. 4.625% 20301 | 1,100 | 1,133 | |
Encompass Health Corp. 4.50% 2028 | 496 | 513 | |
Encompass Health Corp. 4.75% 2030 | 285 | 300 | |
Endo DAC / Endo Finance LLC / Endo Finco 9.50% 20271 | 1,561 | 1,567 | |
Endo DAC / Endo Finance LLC / Endo Finco 6.00% 20281 | 1,558 | 1,117 | |
Endo International PLC 5.75% 20221 | 2,777 | 2,569 | |
Endo International PLC 5.875% 20241 | 1,300 | 1,278 | |
Endo Luxembourg Finance Co. I SARL / Endo U.S., Inc. 6.125% 20291 | 1,490 | 1,492 | |
Grifols Escrow Issuer SA 4.75% 20281 | 680 | 696 | |
HCA, Inc. 5.875% 2023 | 70 | 75 | |
HCA, Inc. 5.875% 2026 | 321 | 368 | |
HCA, Inc. 4.50% 2027 | 173 | 195 | |
HCA, Inc. 5.625% 2028 | 2,065 | 2,459 | |
HCA, Inc. 5.875% 2029 | 750 | 902 | |
HCA, Inc. 3.50% 2030 | 1,650 | 1,750 | |
HCA, Inc. 5.50% 2047 | 128 | 166 | |
HCA, Inc. 5.25% 2049 | 475 | 607 | |
HCA, Inc. 7.50% 2095 | 250 | 380 | |
HealthEquity, Inc. 4.50% 20291 | 555 | 564 | |
IMS Health Holdings, Inc. 5.00% 20261 | 823 | 845 | |
Jaguar Holding Co. II 4.625% 20251 | 350 | 364 | |
Jazz Securities DAC 4.375% 20291 | 1,256 | 1,303 | |
Mallinckrodt International Finance SA 5.50% 20251,5 | 1,118 | 564 | |
Mallinckrodt PLC 5.75% 20221,5 | 420 | 208 | |
Mallinckrodt PLC 10.00% 20251 | 1,494 | 1,612 | |
ModivCare Escrow Issuer, Inc. 5.00% 20291 | 570 | 592 | |
Molina Healthcare, Inc. 5.375% 2022 | 1,164 | 1,202 | |
Molina Healthcare, Inc. 4.375% 20281 | 920 | 958 | |
Molina Healthcare, Inc. 3.875% 20301 | 1,999 | 2,091 | |
Multiplan, Inc. 5.50% 20281 | 475 | 474 |
American Funds Insurance Series — American High-Income Trust — Page 187 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
Organon Finance 1 LLC 4.125% 20281 | $475 | $485 | |
Organon Finance 1 LLC 5.125% 20311 | 240 | 252 | |
Owens & Minor, Inc. 4.375% 2024 | 1,935 | 2,057 | |
Owens & Minor, Inc. 4.50% 20291 | 1,980 | 2,002 | |
Par Pharmaceutical, Inc. 7.50% 20271 | 4,715 | 4,810 | |
Radiology Partners, Inc. 9.25% 20281 | 1,213 | 1,306 | |
Rotech Healthcare, Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.00% PIK 20232,3,6,7,8 | 4,246 | 4,246 | |
RP Escrow Issuer, LLC 5.25% 20251 | 735 | 757 | |
Select Medical Holdings Corp. 6.25% 20261 | 554 | 583 | |
Surgery Center Holdings 10.00% 20271 | 416 | 450 | |
Syneos Health, Inc. 3.625% 20291 | 630 | 629 | |
Team Health Holdings, Inc. 6.375% 20251 | 899 | 870 | |
Team Health Holdings, Inc., Term Loan B, 3.75% 20242,3 | 314 | 307 | |
Tenet Healthcare Corp. 4.625% 2024 | 230 | 234 | |
Tenet Healthcare Corp. 4.875% 20261 | 6,180 | 6,404 | |
Tenet Healthcare Corp. 5.125% 20271 | 710 | 741 | |
Tenet Healthcare Corp. 6.25% 20271 | 500 | 519 | |
Tenet Healthcare Corp. 4.625% 20281 | 550 | 571 | |
Tenet Healthcare Corp. 6.125% 20281 | 500 | 526 | |
Tenet Healthcare Corp. 4.25% 20291 | 990 | 1,006 | |
Tenet Healthcare Corp. 6.875% 2031 | 100 | 115 | |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 2,708 | 2,695 | |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 4,779 | 5,036 | |
Teva Pharmaceutical Finance Co. BV 7.125% 2025 | 2,709 | 2,966 | |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 2,134 | 2,046 | |
Teva Pharmaceutical Finance Co. BV 6.75% 2028 | 2,238 | 2,560 | |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 962 | 831 | |
Valeant Pharmaceuticals International, Inc. 6.125% 20251 | 4,446 | 4,543 | |
Valeant Pharmaceuticals International, Inc. 9.00% 20251 | 581 | 614 | |
Valeant Pharmaceuticals International, Inc. 8.50% 20271 | 502 | 535 | |
115,486 | |||
Materials 10.54% | |||
Alcoa Netherlands Holding BV 5.50% 20271 | 510 | 548 | |
Alcoa Netherlands Holding BV 4.125% 20291 | 430 | 448 | |
Allegheny Technologies, Inc. 4.875% 2029 | 1,415 | 1,422 | |
Allegheny Technologies, Inc. 5.125% 2031 | 460 | 464 | |
ArcelorMittal 4.25% 2029 | 372 | 410 | |
ArcelorMittal 7.00% 2039 | 558 | 788 | |
ArcelorMittal 6.75% 2041 | 1,025 | 1,410 | |
Arconic Corp. 6.00% 20251 | 810 | 852 | |
Arconic Rolled Products Corp. 6.125% 20281 | 200 | 212 | |
Ardagh Group SA 6.50% Cash 20271,6 | 622 | 662 | |
Ardagh Metal Packaging Finance USA LLC 4.00% 20291 | 650 | 658 | |
Ardagh Packaging Finance 5.25% 20251 | 495 | 518 | |
Ardagh Packaging Finance 5.25% 20271 | 225 | 229 | |
Axalta Coating Systems LLC 4.75% 20271 | 460 | 480 | |
Ball Corp. 3.125% 2031 | 1,250 | 1,236 | |
BWAY Parent Co., Inc. 5.50% 20241 | 1,619 | 1,635 | |
Cascades, Inc. 5.125% 20261 | 495 | 527 | |
Cascades, Inc. 5.375% 20281 | 340 | 358 | |
Cleveland-Cliffs, Inc. 9.875% 20251 | 204 | 234 | |
Cleveland-Cliffs, Inc. 6.75% 20261 | 817 | 872 |
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials (continued) | Principal amount (000) | Value (000) | |
Cleveland-Cliffs, Inc. 5.875% 2027 | $2,880 | $2,984 | |
Cleveland-Cliffs, Inc. 7.00% 2027 | 297 | 312 | |
Cleveland-Cliffs, Inc. 4.625% 20291 | 2,300 | 2,352 | |
Cleveland-Cliffs, Inc. 4.875% 20311 | 2,475 | 2,559 | |
Consolidated Energy Finance SA 6.50% 20261 | 1,250 | 1,296 | |
Consolidated Energy Finance SA 5.625% 20281 | 1,555 | 1,555 | |
Constellium SE 3.75% 20291 | 350 | 341 | |
CVR Partners LP 9.25% 20231 | 291 | 292 | |
CVR Partners LP 6.125% 20281 | 3,025 | 3,176 | |
Diamond (BC) BV 4.625% 20291 | 205 | 208 | |
Element Solutions, Inc. 3.875% 20281 | 620 | 627 | |
First Quantum Minerals, Ltd. 7.25% 20231 | 2,073 | 2,112 | |
First Quantum Minerals, Ltd. 7.50% 20251 | 3,893 | 3,998 | |
First Quantum Minerals, Ltd. 6.875% 20261 | 3,276 | 3,411 | |
First Quantum Minerals, Ltd. 6.875% 20271 | 5,240 | 5,548 | |
FMG Resources 4.375% 20311 | 1,115 | 1,154 | |
Freeport-McMoRan, Inc. 4.55% 2024 | 150 | 162 | |
Freeport-McMoRan, Inc. 4.25% 2030 | 637 | 675 | |
Freeport-McMoRan, Inc. 5.40% 2034 | 551 | 663 | |
Freeport-McMoRan, Inc. 5.45% 2043 | 1,401 | 1,727 | |
FXI Holdings, Inc. 7.875% 20241 | 2,805 | 2,865 | |
FXI Holdings, Inc. 12.25% 20261 | 5,615 | 6,383 | |
GPC Merger Sub, Inc. 7.125% 20281 | 534 | 568 | |
Hexion, Inc. 7.875% 20271 | 2,061 | 2,203 | |
INEOS Group Holdings SA 5.625% 20241 | 497 | 499 | |
Joseph T. Ryerson & Son, Inc. 8.50% 20281 | 620 | 688 | |
LSB Industries, Inc. 9.625% 20231 | 5,703 | 5,946 | |
LSB Industries, Inc. 6.25% 20281 | 2,460 | 2,485 | |
Mercer International, Inc. 5.125% 2029 | 400 | 409 | |
Methanex Corp. 5.125% 2027 | 4,200 | 4,546 | |
Methanex Corp. 5.25% 2029 | 1,300 | 1,409 | |
Methanex Corp. 5.65% 2044 | 1,225 | 1,320 | |
Neon Holdings, Inc. 10.125% 20261 | 840 | 911 | |
Nova Chemicals Corp. 4.875% 20241 | 495 | 518 | |
Nova Chemicals Corp. 5.00% 20251 | 295 | 313 | |
Nova Chemicals Corp. 5.25% 20271 | 2,536 | 2,668 | |
Nova Chemicals Corp. 4.25% 20291 | 2,175 | 2,178 | |
Novelis Corp. 3.25% 20261 | 1,235 | 1,254 | |
Novelis Corp. 4.75% 20301 | 990 | 1,043 | |
Novelis Corp. 3.875% 20311 | 1,330 | 1,317 | |
OCI NV 5.25% 20241 | 250 | 257 | |
Olin Corp. 9.50% 20251 | 490 | 611 | |
Olin Corp. 5.625% 2029 | 300 | 330 | |
Olin Corp. 5.00% 2030 | 180 | 191 | |
Owens-Illinois, Inc. 5.875% 20231 | 420 | 445 | |
Owens-Illinois, Inc. 6.375% 20251 | 265 | 294 | |
Plastipak Holdings, Inc. 6.25% 20251 | 200 | 204 | |
Rayonier A.M. Products, Inc. 7.625% 20261 | 300 | 319 | |
SCIH Salt Holdings, Inc. 4.875% 20281 | 4,375 | 4,402 | |
SCIH Salt Holdings, Inc. 6.625% 20291 | 1,395 | 1,341 | |
Scotts Miracle-Gro Co. 4.50% 2029 | 639 | 669 | |
Scotts Miracle-Gro Co. 4.375% 20321 | 455 | 459 | |
Sealed Air Corp. 5.25% 20231 | 267 | 279 | |
Sealed Air Corp. 4.00% 20271 | 316 | 337 |
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials (continued) | Principal amount (000) | Value (000) | |
Silgan Holdings, Inc. 4.125% 2028 | $377 | $388 | |
Summit Materials, Inc. 6.50% 20271 | 360 | 378 | |
Summit Materials, Inc. 5.25% 20291 | 955 | 1,004 | |
Trivium Packaging BV 5.50% 20261 | 530 | 556 | |
Trivium Packaging BV 8.50% 20271 | 403 | 433 | |
Tronox, Ltd. 4.625% 20291 | 730 | 727 | |
Unifrax Escrow Issuer Corp. 5.25% 20281 | 989 | 1,003 | |
Unifrax Escrow Issuer Corp. 7.50% 20291 | 280 | 287 | |
Valvoline, Inc. 4.25% 20301 | 353 | 366 | |
Valvoline, Inc. 3.625% 20311 | 620 | 613 | |
Venator Materials Corp. 5.75% 20251 | 3,896 | 3,688 | |
Venator Materials Corp. 9.50% 20251 | 1,155 | 1,279 | |
W. R. Grace Holdings LLC 4.875% 20271 | 655 | 675 | |
W. R. Grace Holdings LLC 5.625% 20291 | 790 | 816 | |
Warrior Met Coal, Inc. 8.00% 20241 | 1,400 | 1,423 | |
112,412 | |||
Industrials 8.58% | |||
ADT Security Corp. 4.125% 20291 | 1,635 | 1,627 | |
Aeropuerto International de Tocume SA 4.00% 20411 | 200 | 206 | |
Aeropuerto International de Tocume SA 5.125% 20611 | 200 | 210 | |
Allison Transmission Holdings, Inc. 3.75% 20311 | 1,720 | 1,675 | |
American Airlines, Inc. 5.50% 20261 | 2,160 | 2,273 | |
American Airlines, Inc. 5.75% 20291 | 750 | 809 | |
Artera Services, LLC 9.033% 20251 | 1,060 | 1,151 | |
Associated Materials, LLC 9.00% 20251 | 2,156 | 2,283 | |
Atkore, Inc. 4.25% 20311 | 385 | 397 | |
Atlantic Aviation FBO, Inc., Term Loan, (3-month USD-LIBOR + 3.00%) 3.50% 20282,3 | 550 | 550 | |
Atlantic Aviation FBO, Inc., Term Loan, (3-month USD-LIBOR + 5.75%) 6.25% 20292,3 | 1,580 | 1,610 | |
ATS Automation Tooling Systems, Inc. 4.125% 20281 | 275 | 282 | |
Avis Budget Car Rental, LLC 5.75% 20271 | 885 | 924 | |
Avis Budget Group, Inc. 5.375% 20291 | 1,150 | 1,217 | |
Avolon Holdings Funding, Ltd. 5.25% 20241 | 660 | 721 | |
Avolon Holdings Funding, Ltd. 2.528% 20271 | 2,098 | 2,065 | |
Azul Investments LLP 7.25% 20261 | 670 | 641 | |
Boeing Company 3.625% 2031 | 1,050 | 1,125 | |
Boeing Company 3.50% 2039 | 70 | 70 | |
Boeing Company 3.75% 2050 | 400 | 405 | |
Boeing Company 5.93% 2060 | 700 | 958 | |
Bohai Financial Investment Holding Co., Ltd. 4.50% 20231 | 132 | 138 | |
Bohai Financial Investment Holding Co., Ltd. 5.50% 20241 | 168 | 183 | |
Bombardier, Inc. 7.50% 20241 | 600 | 625 | |
Bombardier, Inc. 7.50% 20251 | 1,601 | 1,637 | |
Bombardier, Inc. 7.125% 20261 | 1,660 | 1,745 | |
Bombardier, Inc. 7.875% 20271 | 2,703 | 2,806 | |
Bombardier, Inc. 6.00% 20281 | 1,615 | 1,635 | |
Bombardier, Inc. 7.45% 20341 | 700 | 822 | |
Builders FirstSource, Inc. 4.25% 20321 | 1,730 | 1,771 | |
BWX Technologies, Inc. 4.125% 20281 | 615 | 632 | |
BWX Technologies, Inc. 4.125% 20291 | 1,220 | 1,251 | |
Clarivate Science Holdings Corp. 3.875% 20281 | 1,515 | 1,517 | |
Clarivate Science Holdings Corp. 4.875% 20291 | 1,265 | 1,269 | |
Clean Harbors, Inc. 4.875% 20271 | 766 | 796 | |
CoreCivic, Inc. 8.25% 2026 | 388 | 396 |
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) | |
CoreLogic, Inc. 4.50% 20281 | $4,289 | $4,268 | |
CoreLogic, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 7.00% 20292,3 | 750 | 769 | |
Covanta Holding Corp. 5.875% 2025 | 358 | 370 | |
Covanta Holding Corp. 5.00% 2030 | 850 | 860 | |
Dun & Bradstreet Corp. 6.875% 20261 | 703 | 738 | |
Dun & Bradstreet Corp. 10.25% 20271 | 598 | 644 | |
Electricidad Firme de Mexico Holdings, SA de CV, 4.90% 20261 | 505 | 508 | |
Fortress Transportation and Infrastructure Investors LLC 9.75% 20271 | 445 | 505 | |
Fortress Transportation and Infrastructure Investors LLC 5.50% 20281 | 440 | 444 | |
Garda World Security Corp. 6.00% 20291 | 150 | 147 | |
Global Infrastructure Solutions, Inc. 5.625% 20291 | 500 | 512 | |
Gol Finance SA 8.00% 20261 | 410 | 413 | |
Harsco Corp. 5.75% 20271 | 650 | 674 | |
Herc Holdings, Inc. 5.50% 20271 | 200 | 210 | |
Icahn Enterprises Finance Corp. 4.75% 2024 | 1,080 | 1,125 | |
JELD-WEN Holding, Inc. 4.875% 20271 | 1,033 | 1,078 | |
Kratos Defense & Security Solutions, Inc. 6.50% 20251 | 1,450 | 1,505 | |
LABL Escrow Issuer, LLC 6.75% 20261 | 850 | 894 | |
LABL Escrow Issuer, LLC 10.50% 20271 | 720 | 777 | |
LSC Communications, Inc. 8.75% 20231,5,7,8 | 8,933 | 206 | |
LSC Communications, Inc., Term Loan B, (USD Prime Rate + 4.50%) 7.75% 20222,3,5,7,8 | 301 | 7 | |
MasTec, Inc. 4.50% 20281 | 1,250 | 1,306 | |
Meritor, Inc. 4.50% 20281 | 1,025 | 1,029 | |
Mueller Water Products, Inc. 4.00% 20291 | 275 | 285 | |
NESCO Holdings II, Inc. 5.50% 20291 | 255 | 265 | |
Nielsen Finance LLC and Nielsen Finance Co. 5.625% 20281 | 250 | 260 | |
Nielsen Finance LLC and Nielsen Finance Co. 5.875% 20301 | 1,400 | 1,476 | |
Park River Holdings, Inc. 5.625% 20291 | 775 | 752 | |
PGT Innovations, Inc. 4.375% 20291 | 885 | 893 | |
Pitney Bowes, Inc. 6.875% 20271 | 750 | 790 | |
PM General Purchaser LLC 9.50% 20281 | 760 | 804 | |
Prime Security Services Borrower, LLC 3.375% 20271 | 475 | 456 | |
Prime Security Services Borrower, LLC 6.25% 20281 | 627 | 649 | |
R.R. Donnelley & Sons Co. 6.125% 20261 | 375 | 391 | |
R.R. Donnelley & Sons Co., Term Loan B, (3-month USD-LIBOR + 5.00%) 5.084% 20242,3 | 368 | 369 | |
Rexnord Corp. 4.875% 20251 | 848 | 869 | |
Roller Bearing Company of America, Inc. 4.375% 20291 | 510 | 523 | |
Rolls-Royce PLC 5.75% 20271 | 615 | 680 | |
Sensata Technologies Holding BV 4.00% 20291 | 210 | 214 | |
Sensata Technologies, Inc. 3.75% 20311 | 500 | 504 | |
SkyMiles IP, Ltd. 4.75% 20281 | 1,891 | 2,110 | |
SRS Distribution, Inc. 4.625% 20281 | 480 | 490 | |
SRS Distribution, Inc. 6.125% 20291 | 305 | 315 | |
Stericycle, Inc. 5.375% 20241 | 1,135 | 1,165 | |
Stericycle, Inc. 3.875% 20291 | 270 | 272 | |
The Brink’s Co. 4.625% 20271 | 719 | 748 | |
Titan International, Inc. 7.00% 20281 | 750 | 791 | |
TransDigm, Inc. 6.25% 20261 | 1,438 | 1,501 | |
TransDigm, Inc. 5.50% 2027 | 855 | 880 | |
TransDigm, Inc. 4.625% 2029 | 875 | 875 | |
TransDigm, Inc. 4.875% 2029 | 360 | 361 | |
Triumph Group, Inc. 6.25% 20241 | 1,435 | 1,436 | |
Triumph Group, Inc. 8.875% 20241 | 236 | 260 | |
Triumph Group, Inc. 7.75% 20251 | 270 | 267 |
American Funds Insurance Series — American High-Income Trust — Page 191 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) | |
Uber Technologies, Inc. 8.00% 20261 | $498 | $527 | |
United Airlines Holdings, Inc. 6.50% 20271 | 4,095 | 4,458 | |
United Airlines, Inc. 4.375% 20261 | 250 | 257 | |
United Airlines, Inc. 4.625% 20291 | 1,330 | 1,376 | |
United Rentals, Inc. 3.875% 2031 | 525 | 539 | |
United Rentals, Inc. 3.75% 2032 | 450 | 456 | |
Vertical Holdco GMBH 7.625% 20281 | 235 | 251 | |
Vertical U.S. Newco, Inc. 5.25% 20271 | 1,525 | 1,600 | |
WESCO Distribution, Inc. 7.125% 20251 | 1,375 | 1,469 | |
WESCO Distribution, Inc. 7.25% 20281 | 665 | 737 | |
Western Global Airlines LLC 10.375% 20251 | 385 | 432 | |
XPO Logistics, Inc. 6.25% 20251 | 300 | 317 | |
91,481 | |||
Financials 6.78% | |||
Advisor Group Holdings, LLC 6.25% 20281 | 1,626 | 1,708 | |
AG Merger Sub II, Inc. 10.75% 20271 | 4,240 | 4,692 | |
Alliant Holdings Intermediate, LLC 6.75% 20271 | 1,536 | 1,592 | |
Ally Financial, Inc. 8.00% 2031 | 403 | 582 | |
Ally Financial, Inc. 8.00% 2031 | 63 | 90 | |
AmWINS Group, Inc. 4.875% 20291 | 705 | 716 | |
Apollo Commercial Real Estate Finance, Inc. 4.625% 20291 | 400 | 388 | |
Aretec Escrow Issuer, Inc. 7.50% 20291 | 2,465 | 2,543 | |
Ascensus, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 7.00% 20292,3 | 1,245 | 1,248 | |
AssuredPartners, Inc. 8.00% 20271 | 437 | 462 | |
AssuredPartners, Inc. 5.625% 20291 | 365 | 368 | |
Blackstone Private Credit Fund 1.75% 20241 | 550 | 549 | |
Blackstone Private Credit Fund 2.625% 20261 | 550 | 549 | |
BroadStreet Partners, Inc. 5.875% 20291 | 575 | 574 | |
Cobra AcquisitionCo LLC 6.375% 20291 | 500 | 500 | |
Coinbase Global, Inc. 3.375% 20281 | 1,975 | 1,900 | |
Coinbase Global, Inc. 3.625% 20311 | 1,475 | 1,404 | |
Compass Diversified Holdings 5.25% 20291 | 4,170 | 4,368 | |
Credit Acceptance Corp. 5.125% 20241 | 765 | 789 | |
Freedom Mortgage Corp. 7.625% 20261 | 625 | 638 | |
FS Energy and Power Fund 7.50% 20231 | 4,084 | 4,242 | |
Hightower Holding, LLC 6.75% 20291 | 505 | 518 | |
HUB International, Ltd. 7.00% 20261 | 1,550 | 1,604 | |
Icahn Enterprises Finance Corp. 5.25% 2027 | 277 | 288 | |
Icahn Enterprises Finance Corp. 4.375% 2029 | 675 | 675 | |
Ladder Capital Corp. 4.25% 20271 | 1,689 | 1,674 | |
LD Holdings Group LLC 6.125% 20281 | 315 | 297 | |
LFS Topco LLC 5.875% 20261 | 500 | 516 | |
LPL Holdings, Inc. 4.625% 20271 | 962 | 999 | |
LPL Holdings, Inc. 4.00% 20291 | 1,270 | 1,306 | |
LPL Holdings, Inc. 4.375% 20311 | 1,060 | 1,108 | |
MGIC Investment Corp. 5.25% 2028 | 525 | 561 | |
MidCap Financial Issuer Trust 6.50% 20281 | 750 | 784 | |
MidCap Financial Issuer Trust 5.625% 20301 | 265 | 263 | |
Mozart Debt Merger Sub, Inc. 3.875% 20291 | 1,100 | 1,100 | |
Mozart Debt Merger Sub, Inc. 5.25% 20291 | 2,435 | 2,435 | |
MSCI, Inc. 4.00% 20291 | 900 | 954 | |
MSCI, Inc. 3.625% 20301 | 66 | 68 | |
MSCI, Inc. 3.625% 20311 | 1,875 | 1,953 |
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
MSCI, Inc. 3.875% 20311 | $2,150 | $2,257 | |
MSCI, Inc. 3.25% 20331 | 1,165 | 1,180 | |
National Financial Partners Corp. 6.875% 20281 | 639 | 653 | |
Navient Corp. 6.50% 2022 | 1,633 | 1,688 | |
Navient Corp. 5.50% 2023 | 2,886 | 3,019 | |
Navient Corp. 5.875% 2024 | 1,720 | 1,838 | |
Navient Corp. 6.125% 2024 | 1,267 | 1,358 | |
Navient Corp. 5.00% 2027 | 2,883 | 2,973 | |
Navient Corp. 4.875% 2028 | 320 | 323 | |
Navient Corp. 5.625% 2033 | 1,778 | 1,694 | |
NFP Corp. 4.875% 20281 | 500 | 509 | |
OneMain Holdings, Inc. 7.125% 2026 | 1,335 | 1,549 | |
Owl Rock Capital Corp. 4.625% 20241 | 750 | 804 | |
Owl Rock Capital Corp. 3.75% 2025 | 900 | 947 | |
Owl Rock Capital Corp. 3.375% 2026 | 390 | 406 | |
Owl Rock Core Income Corp. 3.125% 20261 | 550 | 544 | |
PRA Group, Inc. 5.00% 20291 | 450 | 451 | |
Quicken Loans, LLC 3.625% 20291 | 455 | 461 | |
Rocket Mortgage / Rocket Mortgage Co-Issuer, Inc. 2.875% 20261 | 500 | 489 | |
Springleaf Finance Corp. 6.125% 2024 | 467 | 500 | |
Springleaf Finance Corp. 6.625% 2028 | 190 | 219 | |
Springleaf Finance Corp. 5.375% 2029 | 183 | 199 | |
Starwood Property Trust, Inc. 5.00% 2021 | 245 | 246 | |
Starwood Property Trust, Inc. 5.50% 20231 | 465 | 488 | |
Travelport Finance Luxembourg SARL, Term Loan, (3-month USD-LIBOR + 1.50%) 7.25% PIK and 2.50% Cash 20252,3,6 | 497 | 516 | |
72,316 | |||
Information technology 4.07% | |||
Almonde, Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 8.25% 20252,3 | 3,574 | 3,602 | |
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 5.50%) 6.25% 20252,3 | 822 | 835 | |
Avaya, Inc. 6.125% 20281 | 490 | 516 | |
Black Knight, Inc. 3.625% 20281 | 1,315 | 1,323 | |
BMC Software, Inc. 7.125% 20251 | 225 | 240 | |
BMC Software, Inc. 9.125% 20261 | 240 | 252 | |
BMC Software, Inc., Term Loan, (3-month USD-LIBOR + 5.50%) 6.128% 20262,3 | 1,800 | 1,822 | |
Booz Allen Hamilton, Inc. 3.875% 20281 | 1,490 | 1,529 | |
Booz Allen Hamilton, Inc. 4.00% 20291 | 915 | 939 | |
Dell International LLC / EMC Corp. 8.10% 2036 | 450 | 684 | |
Dell International LLC / EMC Corp. 8.35% 2046 | 291 | 473 | |
Dell, Inc. 6.50% 2038 | 122 | 160 | |
Dell, Inc. 5.40% 2040 | 300 | 357 | |
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 2.875% 20232,3 | 643 | 640 | |
Diebold Nixdorf, Inc. 9.375% 20251 | 4,700 | 5,150 | |
Diebold, Inc. 8.50% 2024 | 1,534 | 1,569 | |
Elastic NV 4.125% 20291 | 350 | 352 | |
Gartner, Inc. 4.50% 20281 | 1,635 | 1,719 | |
Gartner, Inc. 3.75% 20301 | 250 | 258 | |
Imola Merger Corp. 4.75% 20291 | 300 | 311 | |
Match Group Holdings II, LLC 3.625% 20311 | 325 | 322 | |
MicroStrategy, Inc. 6.125% 20281 | 625 | 632 | |
MoneyGram International, Inc. 5.375% 20261 | 1,575 | 1,601 | |
NCR Corp. 5.125% 20291 | 2,675 | 2,762 | |
Oracle Corp. 3.95% 2051 | 458 | 484 |
American Funds Insurance Series — American High-Income Trust — Page 193 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Information technology (continued) | Principal amount (000) | Value (000) | |
Rocket Software, Inc. 6.50% 20291 | $1,565 | $1,552 | |
Sabre GLBL, Inc. 7.375% 20251 | 48 | 51 | |
Sabre Holdings Corp. 9.25% 20251 | 548 | 634 | |
Solera Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 4.00%) 4.50% 20282,3 | 600 | 602 | |
Square, Inc. 2.75% 20261 | 2,400 | 2,436 | |
Square, Inc. 3.50% 20311 | 1,270 | 1,304 | |
Synaptics, Inc. 4.00% 20291 | 375 | 384 | |
Ultimate Software Group, Inc., Term Loan, (3-month USD-LIBOR + 6.75%) 7.50% 20272,3 | 1,325 | 1,351 | |
Unisys Corp. 6.875% 20271 | 1,695 | 1,854 | |
VeriSign, Inc. 5.25% 2025 | 132 | 150 | |
Veritas Holdings, Ltd. 7.50% 20251 | 2,140 | 2,228 | |
Viavi Solutions, Inc. 3.75% 20291 | 600 | 602 | |
Virtusa Corp., Term Loan B, (3-month USD-LIBOR + 3.75%) 4.50% 20282,3 | 50 | 50 | |
Xerox Corp. 5.00% 20251 | 595 | 626 | |
Xerox Corp. 5.50% 20281 | 1,015 | 1,052 | |
43,408 | |||
Consumer staples 3.61% | |||
Albertsons Companies, Inc. 3.50% 20231 | 550 | 563 | |
Albertsons Companies, Inc. 3.50% 20291 | 2,398 | 2,396 | |
Albertsons Companies, Inc. 4.875% 20301 | 335 | 361 | |
B&G Foods, Inc. 5.25% 2025 | 612 | 627 | |
B&G Foods, Inc. 5.25% 2027 | 1,428 | 1,491 | |
Central Garden & Pet Co. 4.125% 2030 | 420 | 430 | |
Central Garden & Pet Co. 4.125% 20311 | 855 | 869 | |
Coty, Inc. 5.00% 20261 | 700 | 716 | |
Coty, Inc. 6.50% 20261 | 520 | 533 | |
Darling Ingredients, Inc. 5.25% 20271 | 459 | 478 | |
Edgewell Personal Care Co. 5.50% 20281 | 275 | 291 | |
Energizer Holdings, Inc. 4.375% 20291 | 545 | 542 | |
Fresh Market, Inc. 9.75% 20231 | 120 | 124 | |
Ingles Markets, Inc. 4.00% 20311 | 645 | 654 | |
JBS Luxembourg SARL 3.625% 20321 | 400 | 408 | |
Kraft Heinz Company 3.875% 2027 | 725 | 792 | |
Kraft Heinz Company 4.25% 2031 | 713 | 807 | |
Kraft Heinz Company 5.00% 2042 | 500 | 614 | |
Kraft Heinz Company 5.20% 2045 | 330 | 414 | |
Kraft Heinz Company 4.375% 2046 | 1,991 | 2,269 | |
Kraft Heinz Company 4.875% 2049 | 2,360 | 2,878 | |
Kraft Heinz Company 5.50% 2050 | 1,370 | 1,811 | |
Kronos Acquisition Holdings, Inc. 5.00% 20261 | 1,740 | 1,740 | |
Kronos Acquisition Holdings, Inc. 7.00% 20271 | 3,350 | 3,216 | |
Lamb Weston Holdings, Inc. 4.625% 20241 | 561 | 571 | |
Nestle Skin Health SA, Term Loan B3, (3-month USD-LIBOR + 3.75%) 4.50% 20262,3 | 1,797 | 1,804 | |
Performance Food Group, Inc. 4.25% 20291 | 413 | 415 | |
Post Holdings, Inc. 5.625% 20281 | 569 | 599 | |
Post Holdings, Inc. 5.50% 20291 | 166 | 176 | |
Post Holdings, Inc. 4.625% 20301 | 3,605 | 3,637 | |
Post Holdings, Inc. 4.50% 20311 | 1,350 | 1,336 | |
Prestige Brands International, Inc. 5.125% 20281 | 103 | 108 | |
Prestige Brands International, Inc. 3.75% 20311 | 1,525 | 1,474 | |
Simmons Foods, Inc. 4.625% 20291 | 993 | 1,002 | |
Spectrum Brands, Inc. 5.75% 2025 | 178 | 183 |
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples (continued) | Principal amount (000) | Value (000) | |
Triton Water Holdings, Inc. 6.25% 20291 | $360 | $366 | |
United Natural Foods, Inc. 6.75% 20281 | 1,700 | 1,842 | |
38,537 | |||
Real estate 3.45% | |||
Brookfield Property REIT, Inc. 5.75% 20261 | 2,934 | 3,051 | |
Diversified Healthcare Trust 4.75% 2024 | 275 | 284 | |
Diversified Healthcare Trust 9.75% 2025 | 650 | 712 | |
Diversified Healthcare Trust 4.75% 2028 | 335 | 337 | |
Diversified Healthcare Trust 4.375% 2031 | 725 | 702 | |
HAT Holdings I LLC / HAT Holdings II LLC 3.375% 20261 | 500 | 508 | |
Hospitality Properties Trust 7.50% 2025 | 238 | 267 | |
Howard Hughes Corp. 5.375% 20281 | 1,447 | 1,527 | |
Howard Hughes Corp. 4.125% 20291 | 3,143 | 3,151 | |
Howard Hughes Corp. 4.375% 20311 | 2,218 | 2,234 | |
Iron Mountain, Inc. 4.875% 20271 | 2,066 | 2,148 | |
Iron Mountain, Inc. 5.00% 20281 | 617 | 644 | |
Iron Mountain, Inc. 5.25% 20281 | 1,214 | 1,270 | |
Iron Mountain, Inc. 5.25% 20301 | 2,610 | 2,773 | |
Iron Mountain, Inc. 4.50% 20311 | 1,050 | 1,066 | |
Kennedy-Wilson Holdings, Inc. 4.75% 2029 | 2,905 | 2,960 | |
Kennedy-Wilson Holdings, Inc. 4.75% 2030 | 2,515 | 2,557 | |
Kennedy-Wilson Holdings, Inc. 5.00% 2031 | 2,565 | 2,626 | |
Ladder Capital Corp. 5.25% 20251 | 1,040 | 1,054 | |
Ladder Capital Corp. 4.75% 20291 | 100 | 99 | |
Medical Properties Trust, Inc. 5.00% 2027 | 1,333 | 1,406 | |
Medical Properties Trust, Inc. 3.50% 2031 | 239 | 244 | |
Park Intermediate Holdings LLC 4.875% 20291 | 1,440 | 1,484 | |
Realogy Corp. 9.375% 20271 | 740 | 814 | |
Realogy Corp. 5.75% 20291 | 840 | 872 | |
Realogy Group LLC 7.625% 20251 | 260 | 278 | |
RHP Hotel Properties LP / RHP Finance Corp. 4.50% 20291 | 585 | 587 | |
RLJ Lodging Trust, LP 4.00% 20291 | 800 | 800 | |
Service Properties Trust 5.50% 2027 | 130 | 139 | |
WeWork Companies, Inc. 7.875% 20251 | 140 | 142 | |
36,736 | |||
Utilities 3.13% | |||
Alfa Desarrollo SpA 4.55% 20511 | 295 | 288 | |
AmeriGas Partners LP 5.75% 2027 | 297 | 336 | |
Calpine Corp. 4.50% 20281 | 500 | 511 | |
Calpine Corp. 5.125% 20281 | 518 | 525 | |
Calpine Corp. 3.75% 20311 | 400 | 385 | |
Calpine Corp. 5.00% 20311 | 1,000 | 1,001 | |
DPL, Inc. 4.125% 2025 | 765 | 820 | |
DPL, Inc. 4.35% 2029 | 575 | 626 | |
Emera, Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)4 | 1,155 | 1,375 | |
FirstEnergy Corp. 2.25% 2030 | 1,170 | 1,131 | |
FirstEnergy Corp. 2.65% 2030 | 624 | 622 | |
FirstEnergy Corp. 7.375% 2031 | 734 | 1,005 | |
FirstEnergy Corp. 5.60% 20474 | 550 | 672 | |
FirstEnergy Corp. 3.40% 2050 | 1,710 | 1,648 | |
FirstEnergy Transmission LLC 2.866% 20281 | 325 | 340 | |
FirstEnergy Transmission LLC 4.55% 20491 | 100 | 117 |
American Funds Insurance Series — American High-Income Trust — Page 195 of 242
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Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
Instituto Costarricense de Electricidad 6.75% 20311 | $305 | $302 | |
Inversiones Latin America Power 5.125% 20331 | 310 | 305 | |
NextEra Energy Partners LP 4.25% 20241 | 122 | 129 | |
NextEra Energy Partners LP 3.875% 20261 | 92 | 98 | |
NGL Energy Partners LP 7.50% 2026 | 1,150 | 1,031 | |
NRG Energy, Inc. 3.375% 20291 | 355 | 351 | |
NRG Energy, Inc. 3.625% 20311 | 1,030 | 1,013 | |
Pacific Gas and Electric Co. 4.55% 2030 | 623 | 674 | |
Pacific Gas and Electric Co. 3.25% 2031 | 200 | 200 | |
Pacific Gas and Electric Co. 3.95% 2047 | 500 | 482 | |
Pacific Gas and Electric Co. 4.95% 2050 | 600 | 639 | |
PG&E Corp. 5.00% 2028 | 3,180 | 3,244 | |
PG&E Corp. 5.25% 2030 | 3,280 | 3,362 | |
PG&E Corp., Term Loan, (3-month USD-LIBOR + 3.00%) 3.50% 20252,3 | 252 | 248 | |
Talen Energy Corp. 6.50% 2025 | 220 | 110 | |
Talen Energy Corp. 10.50% 20261 | 3,448 | 1,902 | |
Talen Energy Corp. 7.25% 20271 | 3,353 | 3,169 | |
Talen Energy Corp. 6.625% 20281 | 130 | 121 | |
Talen Energy Supply, LLC 7.625% 20281 | 1,849 | 1,737 | |
Venture Global Calcasieu Pass, LLC 3.875% 20291 | 2,120 | 2,186 | |
Vistra Operations Co. LLC 3.55% 20241 | 231 | 243 | |
Vistra Operations Co. LLC 4.375% 20291 | 400 | 403 | |
33,351 | |||
Total corporate bonds, notes & loans | 972,961 | ||
U.S. Treasury bonds & notes 0.11% U.S. Treasury inflation-protected securities 0.11% | |||
U.S. Treasury Inflation-Protected Security 0.125% 20519,10 | 1,048 | 1,148 | |
Asset-backed obligations 0.03% | |||
Castlelake Aircraft Securitization Trust, Series 2017-1R, Class C, 6.50% 20411,11 | 366 | 363 | |
Total bonds, notes & other debt instruments (cost: $956,494,000) | 974,472 | ||
Convertible bonds & notes 0.15% Communication services 0.06% | |||
DISH DBS Corp., convertible notes, 3.375% 2026 | 635 | 662 | |
Consumer discretionary 0.05% | |||
NCL Corp., Ltd., convertible notes, 5.375% 2025 | 155 | 265 | |
Royal Caribbean Cruises, Ltd., convertible notes, 4.25% 2023 | 200 | 282 | |
547 | |||
Industrials 0.03% | |||
American Airlines Group, Inc., convertible notes, 6.50% 2025 | 183 | 281 | |
Energy 0.01% | |||
Mesquite Energy, Inc., convertible notes, 15.19% PIK 20231,6,7,8 | 73 | 73 | |
Total convertible bonds & notes (cost: $1,239,000) | 1,563 |
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Convertible stocks 0.07% Financials 0.04% | Shares | Value (000) | |
2020 Cash Mandatory Exchangeable Trust, convertible preferred shares, 5.25% 20231 | 411 | $466 | |
Utilities 0.03% | |||
PG&E Corp., convertible preferred units, 5.50% 2023 | 3,350 | 320 | |
Total convertible stocks (cost: $707,000) | 786 | ||
Common stocks 5.56% Health care 2.04% | |||
Rotech Healthcare, Inc.7,8,12,13 | 201,793 | 21,794 | |
Energy 1.85% | |||
Chesapeake Energy Corp. | 117,190 | 7,218 | |
Oasis Petroleum, Inc. | 42,568 | 4,232 | |
Denbury, Inc.12 | 32,880 | 2,310 | |
Extraction Oil & Gas, Inc.12 | 38,332 | 2,164 | |
Weatherford International12 | 70,159 | 1,380 | |
Ascent Resources - Utica LLC, Class A7,8,12,13 | 6,297,894 | 819 | |
California Resources Corp.12 | 17,202 | 705 | |
Diamond Offshore Drilling, Inc.12 | 82,188 | 487 | |
Diamond Offshore Drilling, Inc.1,7,12 | 28,784 | 162 | |
Tapstone Energy, LLC1,7,8,12 | 14,603 | 145 | |
McDermott International, Ltd.12 | 107,875 | 54 | |
Mesquite Energy, Inc.7,8,12 | 3,558 | 21 | |
19,697 | |||
Industrials 0.80% | |||
New AMI I, LLC7,8,12 | 949,277 | 8,515 | |
Consumer discretionary 0.51% | |||
MYT Holding Co., Class B7,12 | 608,846 | 3,197 | |
NMG Parent LLC12 | 15,965 | 2,195 | |
5,392 | |||
Materials 0.17% | |||
Hexion Holdings Corp., Class B12 | 81,939 | 1,803 | |
Financials 0.11% | |||
Jonah Energy Parent LLC7,8,12 | 38,716 | 832 | |
Navient Corp. | 20,000 | 395 | |
1,227 | |||
Communication services 0.05% | |||
iHeartMedia, Inc., Class A12 | 22,639 | 566 | |
Information technology 0.03% | |||
MoneyGram International, Inc.12 | 41,400 | 332 | |
Total common stocks (cost: $31,583,000) | 59,326 |
American Funds Insurance Series — American High-Income Trust — Page 197 of 242
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Preferred securities 0.28% Consumer discretionary 0.21% | Shares | Value (000) | |
MYT Holdings LLC, Series A, preferred shares, 10.00% 2029 | 2,095,904 | $2,217 | |
Industrials 0.07% | |||
ACR III LSC Holdings LLC, Series B, preferred shares1,7,8,12 | 1,022 | 719 | |
Total preferred securities (cost: $2,933,000) | 2,936 | ||
Rights & warrants 0.15% Energy 0.09% | |||
Chesapeake Energy Corp., Class B, warrants, expire 202612 | 14,962 | 477 | |
Chesapeake Energy Corp., Class A, warrants, expire 202612 | 11,131 | 403 | |
Chesapeake Energy Corp., Class C, warrants, expire 202612 | 4,376 | 128 | |
Sable Permian Resources, LLC, Class A, warrants, expire 20247,8,12 | 2,894 | —14 | |
1,008 | |||
Consumer discretionary 0.06% | |||
NMG Parent LLC, warrants, expire 20277,12 | 27,111 | 628 | |
Total rights & warrants (cost: $2,351,000) | 1,636 | ||
Short-term securities 2.25% Money market investments 2.25% | |||
Capital Group Central Cash Fund 0.06%15,16 | 239,867 | 23,989 | |
Total short-term securities (cost: $23,986,000) | 23,989 | ||
Total investment securities 99.85% (cost: $1,019,293,000) | 1,064,708 | ||
Other assets less liabilities 0.15% | 1,595 | ||
Net assets 100.00% | $1,066,303 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount17 (000) | Value at 9/30/202118 (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
2 Year U.S. Treasury Note Futures | Long | 217 | December 2021 | $43,400 | $47,752 | $(26) |
5 Year U.S. Treasury Note Futures | Short | 25 | December 2021 | (2,500) | (3,069) | 2 |
10 Year Ultra U.S. Treasury Note Futures | Short | 24 | December 2021 | (2,400) | (3,486) | 65 |
10 Year U.S. Treasury Note Futures | Short | 197 | December 2021 | (19,700) | (25,927) | 288 |
30 Year Ultra U.S. Treasury Bond Futures | Short | 4 | December 2021 | (400) | (764) | 26 |
$355 |
American Funds Insurance Series — American High-Income Trust — Page 198 of 242
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Swap contracts
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium received (000) | Unrealized appreciation at 9/30/2021 (000) |
CDX.NA.HY.36 | 5.00%/Quarterly | 6/20/2026 | $9,244 | $(843) | $(878) | $35 |
CDX.NA.HY.37 | 5.00%/Quarterly | 12/20/2026 | 19,770 | (1,818) | (1,840) | 22 |
$(2,718) | $57 |
Investments in affiliates16
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized depreciation (000) | Value of affiliate at 9/30/2021 (000) | Dividend income (000) | |
Short-term securities 2.25% | |||||||
Money market investments 2.25% | |||||||
Capital Group Central Cash Fund 0.06%15 | $33,493 | $372,947 | $382,453 | $3 | $(1) | $23,989 | $16 |
1 | 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 $674,907,000, which represented 63.29% of the net assets of the fund. |
2 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $36,164,000, which represented 3.39% of the net assets of the fund. |
3 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
4 | Step bond; coupon rate may change at a later date. |
5 | Scheduled interest and/or principal payment was not received. |
6 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. |
7 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $43,202,000, which represented 4.05% of the net assets of the fund. |
8 | Value determined using significant unobservable inputs. |
9 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $104,000, which represented .01% of the net assets of the fund. |
10 | Index-linked bond whose principal amount moves with a government price index. |
11 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
12 | Security did not produce income during the last 12 months. |
13 | 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. Further details on these holdings appear on the following page. |
14 | Amount less than one thousand. |
15 | Rate represents the seven-day yield at 9/30/2021. |
16 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
17 | Notional amount is calculated based on the number of contracts and notional contract size. |
18 | Value is calculated based on the notional amount and current market price. |
Private placement securities | Acquisition date | Cost (000) | Value (000) | Percent of net assets |
Rotech Healthcare, Inc. | 9/26/2013 | $4,331 | $21,794 | 2.04% |
Ascent Resources - Utica LLC, Class A | 11/15/2016 | 302 | 819 | .08 |
Total private placement securities | $ 4,633 | $ 22,613 | 2.12% |
Key to abbreviations and symbol |
DAC = Designated Activity Company |
LIBOR = London Interbank Offered Rate |
USD/$ = U.S. dollars |
American Funds Insurance Series — American High-Income Trust — Page 199 of 242
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Bonds, notes & other debt instruments 80.70% Mortgage-backed obligations 59.46% Federal agency mortgage-backed obligations 52.25% | Principal amount (000) | Value (000) | |
Fannie Mae Pool #695412 5.00% 20331 | $—2 | $—2 | |
Fannie Mae Pool #AD3566 5.00% 20351 | 2 | 2 | |
Fannie Mae Pool #256583 5.00% 20361 | 34 | 36 | |
Fannie Mae Pool #889101 1.631% 20381,3 | 31 | 32 | |
Fannie Mae Pool #964279 2.095% 20381,3 | 31 | 31 | |
Fannie Mae Pool #964708 2.265% 20381,3 | 4 | 4 | |
Fannie Mae Pool #AC0794 5.00% 20391 | 8 | 9 | |
Fannie Mae Pool #931768 5.00% 20391 | 1 | 2 | |
Fannie Mae Pool #AL9335 2.123% 20401,3 | 1,112 | 1,179 | |
Fannie Mae Pool #932606 5.00% 20401 | 4 | 5 | |
Fannie Mae Pool #MA4387 2.00% 20411 | 22 | 22 | |
Fannie Mae Pool #AL9327 2.119% 20411,3 | 1,031 | 1,093 | |
Fannie Mae Pool #AL9326 2.13% 20411,3 | 1,330 | 1,408 | |
Fannie Mae Pool #AJ1873 4.00% 20411 | 7 | 8 | |
Fannie Mae Pool #AE1248 5.00% 20411 | 11 | 13 | |
Fannie Mae Pool #AE1274 5.00% 20411 | 8 | 9 | |
Fannie Mae Pool #AE1277 5.00% 20411 | 5 | 6 | |
Fannie Mae Pool #AE1283 5.00% 20411 | 3 | 3 | |
Fannie Mae Pool #AE1290 5.00% 20421 | 6 | 6 | |
Fannie Mae Pool #AT3954 3.50% 20431 | 3 | 3 | |
Fannie Mae Pool #AT0300 3.50% 20431 | 2 | 2 | |
Fannie Mae Pool #AY1829 3.50% 20441 | 4 | 4 | |
Fannie Mae Pool #AW8240 3.50% 20441 | 1 | 1 | |
Fannie Mae Pool #BJ5015 4.00% 20471 | 53 | 58 | |
Fannie Mae Pool #BH3122 4.00% 20471 | 1 | 1 | |
Fannie Mae Pool #BM4488 3.375% 20481,3 | 518 | 539 | |
Fannie Mae Pool #BK6840 4.00% 20481 | 34 | 37 | |
Fannie Mae Pool #BK5232 4.00% 20481 | 25 | 27 | |
Fannie Mae Pool #BK9743 4.00% 20481 | 11 | 12 | |
Fannie Mae Pool #BK9761 4.50% 20481 | 6 | 7 | |
Fannie Mae Pool #BJ8402 3.521% 20491,3 | 99 | 103 | |
Fannie Mae Pool #CA5496 3.00% 20501 | 1,723 | 1,849 | |
Fannie Mae Pool #CB0041 3.00% 20511 | 238 | 257 | |
Fannie Mae Pool #MA4401 3.50% 20511 | 277 | 294 | |
Fannie Mae Pool #BF0379 3.50% 20591 | 195 | 213 | |
Fannie Mae Pool #BF0497 3.00% 20601 | 66 | 71 | |
Fannie Mae Pool #BF0481 3.50% 20601 | 226 | 247 | |
Freddie Mac Pool #A18781 5.00% 20341 | 803 | 915 | |
Freddie Mac Pool #C91883 4.00% 20361,4 | 2,753 | 3,010 | |
Freddie Mac Pool #840222 2.195% 20401,3 | 314 | 334 | |
Freddie Mac Pool #Q15874 4.00% 20431 | 2 | 2 | |
Freddie Mac Pool #760014 2.913% 20451,3 | 499 | 518 | |
Freddie Mac Pool #760012 3.114% 20451,3 | 48 | 50 | |
Freddie Mac Pool #760013 3.181% 20451,3 | 34 | 35 | |
Freddie Mac Pool #760015 2.652% 20471,3 | 93 | 96 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 200 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #Q52069 3.50% 20471 | $41 | $44 | |
Freddie Mac Pool #Q47615 3.50% 20471 | 23 | 25 | |
Freddie Mac Pool #Q56599 4.00% 20481 | 41 | 46 | |
Freddie Mac Pool #Q56175 4.00% 20481 | 30 | 33 | |
Freddie Mac Pool #Q55971 4.00% 20481 | 28 | 31 | |
Freddie Mac Pool #Q55970 4.00% 20481 | 12 | 14 | |
Freddie Mac Pool #Q58411 4.50% 20481 | 81 | 89 | |
Freddie Mac Pool #Q58436 4.50% 20481 | 37 | 41 | |
Freddie Mac Pool #Q58378 4.50% 20481 | 29 | 32 | |
Freddie Mac Pool #Q57242 4.50% 20481 | 25 | 27 | |
Freddie Mac Pool #RA1339 3.00% 20491 | 2,042 | 2,162 | |
Freddie Mac Pool #QA2748 3.50% 20491 | 26 | 28 | |
Freddie Mac Pool #SD8163 3.50% 20511 | 457 | 484 | |
Freddie Mac Pool #SD8158 3.50% 20511 | 80 | 85 | |
Freddie Mac Pool #SD8164 3.50% 20511 | 59 | 63 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 20561 | 1,013 | 1,056 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 20561,3 | 996 | 1,038 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 20561,3 | 784 | 817 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 20561 | 117 | 126 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 20571 | 634 | 676 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 20571,3 | 3,699 | 3,974 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 20571 | 2,042 | 2,140 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 20571 | 1,686 | 1,799 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 20571 | 926 | 987 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 20581 | 37 | 40 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 20581 | 23 | 24 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 20281 | 4,845 | 5,112 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 20281 | 1,333 | 1,392 | |
Government National Mortgage Assn. 2.00% 20511,5 | 12,480 | 12,637 | |
Government National Mortgage Assn. 2.50% 20511,5 | 3,402 | 3,512 | |
Government National Mortgage Assn. 2.50% 20511,5 | 2,614 | 2,694 | |
Government National Mortgage Assn. 3.00% 20511,5 | 2,967 | 3,100 | |
Government National Mortgage Assn. 3.50% 20511,5 | 37 | 39 | |
Government National Mortgage Assn. Pool #AH5894 3.75% 20341 | 859 | 932 | |
Government National Mortgage Assn. Pool #AD0028 3.75% 20381 | 569 | 609 | |
Government National Mortgage Assn. Pool #AH5897 3.75% 20391 | 573 | 614 | |
Government National Mortgage Assn. Pool #004410 4.00% 20391 | 58 | 60 | |
Government National Mortgage Assn. Pool #783690 6.00% 20391 | 114 | 131 | |
Government National Mortgage Assn. Pool #004823 4.00% 20401 | 87 | 90 | |
Government National Mortgage Assn. Pool #005142 4.50% 20411 | 28 | 30 | |
Government National Mortgage Assn. Pool #005104 5.00% 20411 | 176 | 191 | |
Government National Mortgage Assn. Pool #005165 6.50% 20411 | 143 | 160 | |
Government National Mortgage Assn. Pool #MA0366 3.50% 20421 | 206 | 211 | |
Government National Mortgage Assn. Pool #AA5526 3.50% 20421 | 139 | 147 | |
Government National Mortgage Assn. Pool #AA5326 3.50% 20421 | 141 | 145 | |
Government National Mortgage Assn. Pool #AF0140 3.50% 20431 | 232 | 244 | |
Government National Mortgage Assn. Pool #AD4360 3.50% 20431 | 94 | 99 | |
Government National Mortgage Assn. Pool #AH5882 3.75% 20441 | 522 | 567 | |
Government National Mortgage Assn. Pool #AH5884 4.25% 20441 | 1,282 | 1,429 | |
Government National Mortgage Assn. Pool #MA3727 4.00% 20461 | 251 | 263 | |
Government National Mortgage Assn. Pool #MA5877 4.50% 20491 | 420 | 449 | |
Government National Mortgage Assn. Pool #MA6092 4.50% 20491 | 184 | 196 | |
Government National Mortgage Assn. Pool #MA7419 3.00% 20511 | 3,060 | 3,203 | |
Government National Mortgage Assn. Pool #AO0409 4.601% 20651 | 174 | 185 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 201 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Government National Mortgage Assn. Pool #AO0461 4.615% 20651 | $92 | $98 | |
Government National Mortgage Assn. Pool #AN1825 4.626% 20651 | 310 | 331 | |
Government National Mortgage Assn. Pool #AO0385 4.515% 20661 | 705 | 757 | |
Government National Mortgage Assn. Pool #725897 5.20% 20661 | 2 | 2 | |
Uniform Mortgage-Backed Security 1.50% 20361,5 | 31,110 | 31,335 | |
Uniform Mortgage-Backed Security 2.00% 20361,5 | 4,415 | 4,547 | |
Uniform Mortgage-Backed Security 2.50% 20361,5 | 300 | 313 | |
Uniform Mortgage-Backed Security 2.00% 20511,5 | 30,967 | 30,927 | |
Uniform Mortgage-Backed Security 2.00% 20511,5 | 3,289 | 3,292 | |
Uniform Mortgage-Backed Security 2.50% 20511,5 | 6,447 | 6,620 | |
Uniform Mortgage-Backed Security 2.50% 20511,5 | 3,586 | 3,690 | |
Uniform Mortgage-Backed Security 3.00% 20511,5 | 6,194 | 6,482 | |
Uniform Mortgage-Backed Security 3.00% 20511,5 | 3,650 | 3,814 | |
Uniform Mortgage-Backed Security 3.50% 20511,5 | 10,748 | 11,373 | |
Uniform Mortgage-Backed Security 4.00% 20511,5 | 267 | 286 | |
Uniform Mortgage-Backed Security 4.50% 20511,5 | 2,938 | 3,178 | |
173,920 | |||
Collateralized mortgage-backed obligations (privately originated) 6.27% | |||
Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 20481,3,6 | 751 | 753 | |
Cascade Funding Mortgage Trust, Series 2020-HB4, Class A, 0.946% 20301,3,6 | 561 | 563 | |
Cascade Funding Mortgage Trust, Series 2021-HB6, Class A, 0.898% 20361,3,6 | 1,461 | 1,463 | |
Credit Suisse Mortgage Trust, Series 2017-RPL3, Class A1, 2.00% 20601,3,6 | 635 | 646 | |
Flagstar Mortgage Trust, Series 2021-10INV, Class A3, 2.50% 20511,3,6 | 718 | 732 | |
Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 0.836% 20521,3,6 | 750 | 751 | |
Mello Warehouse Securitization Trust, Series 2020-2, Class A, (1-month USD-LIBOR + 0.80%) 0.886% 20531,3,6 | 583 | 585 | |
Mello Warehouse Securitization Trust, Series 2020-1, Class A, (1-month USD-LIBOR + 0.90%) 0.986% 20531,3,6 | 809 | 812 | |
Mello Warehouse Securitization Trust, Series 2021-2, Class A, (1-month USD-LIBOR + 0.75%) 0.836% 20551,3,6 | 1,210 | 1,212 | |
Mortgage Repurchase Agreement Financing Trust, Series 2020-5, (1-month USD-LIBOR + 1.00%) 1.085% 20231,3,6 | 750 | 751 | |
MRA Issuance Trust, Series 2021-8, Class A1X, (1-month USD-LIBOR + 1.15%) 1.246% 20211,3,6 | 1,625 | 1,627 | |
MRA Issuance Trust, Series 2020-10, Class A, (1-month USD-LIBOR + 1.70%) 1.79% 20221,3,6 | 2,250 | 2,253 | |
MRA Issuance Trust, Series 2021-16, Class A1, (1-month USD-LIBOR + 1.55%) 1.644% 20511,3,6 | 1,177 | 1,177 | |
NewRez Warehouse Securitization Trust, Series 2021-1, Class A, (1-month USD-LIBOR + 0.75%) 0.836% 20551,3,6 | 1,021 | 1,023 | |
Provident Funding Mortgage Warehouse Securitization Trust, Series 2021-1, Class A, (1-month USD-LIBOR + 0.70%) 0.786% 20551,3,6 | 768 | 766 | |
RMF Proprietary Issuance Trust, Series 2019-1, Class A, 2.75% 20631,3,6 | 549 | 548 | |
Station Place Securitization Trust, Series 2021-WL1, Class A, (1-month USD-LIBOR + 0.65%) 0.736% 20541,3,6 | 3,950 | 3,955 | |
Station Place Securitization Trust, Series 2021-WL2, Class A, (1-month USD-LIBOR + 0.70%) 0.786% 20541,3,6 | 375 | 375 | |
Towd Point Mortgage Trust, Series 2016-5, Class A1, 2.50% 20561,3,6 | 270 | 274 | |
Towd Point Mortgage Trust, Series 2017-5, Class A1, 0.686% 20571,3,6 | 21 | 21 | |
Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 20601,6 | 578 | 585 | |
20,872 | |||
Commercial mortgage-backed securities 0.94% | |||
BX Trust, Series 2021-VOLT, Class A, (1-month USD-LIBOR + 0.70%) 0.80% 20361,3,6 | 1,215 | 1,217 | |
BX Trust, Series 2021-SOAR, Class A, (1-month USD-LIBOR + 0.67%) 0.754% 20381,3,6 | 1,174 | 1,176 | |
Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD-LIBOR + 1.08%) 1.164% 20381,3,6 | 368 | 370 | |
MHC Commercial Mortgage Trust, CMO, Series 2021-MHC, Class A, (1-month USD-LIBOR + 0.801%) 0.885% 20261,3,6 | 273 | 274 | |
Motel 6 Trust, Series 2021-MTL6, Class A, (1-month USD-LIBOR + 0.90%) 1.00% 20381,3,6 | 100 | 100 | |
3,137 | |||
Total mortgage-backed obligations | 197,929 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 202 of 242
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Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes 17.35% U.S. Treasury 12.14% | Principal amount (000) | Value (000) | |
U.S. Treasury 0.125% 2023 | $650 | $649 | |
U.S. Treasury 0.125% 2023 | 560 | 559 | |
U.S. Treasury 0.125% 2023 | 190 | 189 | |
U.S. Treasury 0.125% 2023 | 175 | 175 | |
U.S. Treasury 0.375% 2025 | 490 | 480 | |
U.S. Treasury 0.375% 2025 | 200 | 196 | |
U.S. Treasury 0.50% 2026 | 1,750 | 1,721 | |
U.S. Treasury 0.75% 20264 | 7,592 | 7,541 | |
U.S. Treasury 0.75% 2026 | 560 | 554 | |
U.S. Treasury 1.00% 2028 | 375 | 368 | |
U.S. Treasury 1.125% 2028 | 2,000 | 1,988 | |
U.S. Treasury 1.25% 2028 | 5,975 | 5,977 | |
U.S. Treasury 1.25% 2028 | 415 | 414 | |
U.S. Treasury 0.625% 2030 | 1,000 | 931 | |
U.S. Treasury 1.125% 2031 | 2,525 | 2,446 | |
U.S. Treasury 1.25% 2031 | 713 | 696 | |
U.S. Treasury 1.375% 2040 | 380 | 341 | |
U.S. Treasury 1.875% 2041 | 1,750 | 1,711 | |
U.S. Treasury 1.25% 2050 | 1,730 | 1,415 | |
U.S. Treasury 1.375% 20504 | 6,000 | 5,061 | |
U.S. Treasury 1.625% 20504 | 6,565 | 5,896 | |
U.S. Treasury 2.00% 2051 | 1,110 | 1,090 | |
40,398 | |||
U.S. Treasury inflation-protected securities 5.21% | |||
U.S. Treasury Inflation-Protected Security 0.125% 20237 | 2,872 | 2,971 | |
U.S. Treasury Inflation-Protected Security 0.375% 20237 | 1,897 | 1,999 | |
U.S. Treasury Inflation-Protected Security 0.625% 20237 | 710 | 743 | |
U.S. Treasury Inflation-Protected Security 0.125% 20247 | 1,154 | 1,232 | |
U.S. Treasury Inflation-Protected Security 0.125% 20247 | 311 | 333 | |
U.S. Treasury Inflation-Protected Security 0.50% 20247 | 880 | 940 | |
U.S. Treasury Inflation-Protected Security 0.625% 20247 | 1,100 | 1,173 | |
U.S. Treasury Inflation-Protected Security 0.125% 20317 | 3,932 | 4,316 | |
U.S. Treasury Inflation-Protected Security 2.125% 20417 | 137 | 207 | |
U.S. Treasury Inflation-Protected Security 0.75% 20424,7 | 1,357 | 1,654 | |
U.S. Treasury Inflation-Protected Security 1.00% 20497 | 1,329 | 1,780 | |
17,348 | |||
Total U.S. Treasury bonds & notes | 57,746 | ||
Asset-backed obligations 3.50% | |||
Allegro CLO, Ltd., Series 2016-1A, Class AR2, (3-month USD-LIBOR + 0.95%) 1.076% 20301,3,6 | 240 | 240 | |
Ares CLO, Ltd., Series 2017-42A, Class AR, (3-month USD-LIBOR + 0.92%) 1.058% 20281,3,6 | 250 | 250 | |
Ballyrock CLO, Ltd., Series 2019-2A, Class A1AR, (3-month USD-LIBOR + 1.00%) 1.131% 20301,3,6 | 250 | 250 | |
Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 20331,6 | 89 | 89 | |
Bankers Healthcare Group Securitization Trust, Series 2021-B, Class A, 0.90% 20341,6 | 100 | 100 | |
Carvana Auto Receivables Trust, Series 2021-P1, Class A3, 0.54% 20251 | 195 | 195 | |
Cent CLO, Ltd., Series 2014-21A, Class AR, (3-month USD-LIBOR + 0.97%) 1.099% 20301,3,6 | 250 | 250 | |
CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20601,6 | 536 | 544 | |
CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20601,6 | 103 | 103 | |
CF Hippolyta LLC, Series 2021-1, Class A1, 1.53% 20611,6 | 837 | 843 | |
Credit Acceptance Auto Loan Trust, Series 2021-3A, Class A, 1.00% 20301,6 | 275 | 275 | |
Dryden Senior Loan Fund, CLO, Series 2014-33A, Class AR3, (3-month USD-LIBOR + 1.00%) 1.126% 20291,3,6 | 247 | 247 | |
Exeter Automobile Receivables Trust, Series 2019-3A, Class C, 2.79% 20241,6 | 837 | 844 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 203 of 242
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Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
Hertz Vehicle Financing LLC, Series 2021-1A, Class A, 1.21% 20251,6 | $536 | $539 | |
Hertz Vehicle Financing LLC, Series 2021-2A, Class A, 1.68% 20271,6 | 285 | 286 | |
Longfellow Place CLO, Ltd., Series 2013-1A, Class AR3, (3-month USD-LIBOR + 1.00%) 1.126% 20291,3,6 | 236 | 236 | |
Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 20691,6 | 183 | 183 | |
Navient Student Loan Trust, Series 2021-B, Class A, 0.94% 20691,6 | 201 | 201 | |
Navient Student Loan Trust, Series 2021-C, Class A, 1.06% 20691,6 | 417 | 418 | |
Navient Student Loan Trust, Series 2021-FA, Class A, 1.11% 20701,6 | 253 | 253 | |
Nelnet Student Loan Trust, Series 2021-C, Class AFL, (1-month USD-LIBOR + 0.74%) 0.829% 20621,3,6 | 750 | 752 | |
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 20621,6 | 503 | 503 | |
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 20621,6 | 1,469 | 1,471 | |
Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD-LIBOR + 0.97%) 1.095% 20301,3,6 | 250 | 250 | |
Ondeck Asset Securitization Trust LLC, Series 2021-1A, Class A, 1.59% 20271,6 | 594 | 597 | |
OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20591,3,6 | 111 | 112 | |
Palmer Square Loan Funding, CLO, Series 2019-2, Class A1, (3-month USD-LIBOR + 0.97%) 1.104% 20271,3,6 | 310 | 310 | |
Palmer Square Loan Funding, CLO, Series 2021-1, Class A1, (3-month USD-LIBOR + 0.90%) 1.034% 20291,3,6 | 220 | 220 | |
Race Point CLO, Ltd., Series 2015-9A, Class A1A2, (3-month USD-LIBOR + 0.94%) 1.066% 20301,3,6 | 250 | 250 | |
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 20531,6 | 104 | 103 | |
Sound Point CLO, Ltd., Series 2017-2A, Class AR, (3-month USD-LIBOR + 0.98%) 1.114% 20301,3,6 | 250 | 250 | |
Sound Point CLO, Ltd., Series 2017-3A, Class A1R, (3-month USD-LIBOR + 0.98%) 1.114% 20301,3,6 | 250 | 250 | |
Sound Point CLO, Ltd., Series 2015-1RA, Class AR, (3-month USD-LIBOR + 1.08%) 1.206% 20301,3,6 | 250 | 250 | |
11,664 | |||
Bonds & notes of governments & government agencies outside the U.S. 0.23% | |||
CPPIB Capital, Inc. 0.875% 20266 | 320 | 313 | |
Oesterreichische Kontrollbank AG 0.50% 2024 | 195 | 195 | |
Ontario Teachers’ Finance Trust 0.875% 20266 | 250 | 246 | |
754 | |||
Federal agency bonds & notes 0.08% | |||
Fannie Mae 0.875% 2030 | 300 | 283 | |
Corporate bonds, notes & loans 0.08% Communication services 0.08% | |||
SBA Tower Trust 1.631% 20266 | 253 | 253 | |
Total bonds, notes & other debt instruments (cost: $268,240,000) | 268,629 | ||
Short-term securities 55.40% Federal agency bills & notes 30.90% | Weighted average yield at acquisition | ||
Fannie Mae 11/3/2021 | 0.035% | 6,893 | 6,892 |
Federal Farm Credit Banks 10/25/2021 | 0.030 | 3,600 | 3,600 |
Federal Farm Credit Banks 10/27/2021 | 0.030 | 4,900 | 4,900 |
Federal Farm Credit Banks 11/8/2021 | 0.040 | 6,600 | 6,599 |
Federal Farm Credit Banks 4/11/2022 | 0.050 | 3,000 | 2,999 |
Federal Farm Credit Banks 5/18/2022 | 0.050 | 5,000 | 4,997 |
Federal Farm Credit Banks 6/7/2022 | 0.060 | 5,000 | 4,997 |
Federal Home Loan Bank 10/6/2021 | 0.044 | 3,500 | 3,500 |
Federal Home Loan Bank 10/8/2021 | 0.041 | 5,000 | 5,000 |
Federal Home Loan Bank 10/20/2021 | 0.040 | 2,200 | 2,200 |
Federal Home Loan Bank 10/22/2021 | 0.040 | 11,200 | 11,200 |
Federal Home Loan Bank 11/10/2021 | 0.041 | 20,000 | 19,998 |
Federal Home Loan Bank 12/27/2021 | 0.034 | 2,000 | 2,000 |
Federal Home Loan Bank 1/28/2022 | 0.048 | 8,000 | 7,998 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 204 of 242
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Short-term securities (continued) Federal agency bills & notes (continued) | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Federal Home Loan Bank 2/16/2022 | 0.050% | $8,000 | $7,998 |
Federal Home Loan Bank 3/11/2022 | 0.045 | 6,000 | 5,998 |
Federal Home Loan Bank 3/23/2022 | 0.040 | 2,000 | 1,999 |
102,875 | |||
Commercial paper 24.50% | |||
Apple Inc. 10/22/20216 | 0.060 | 2,000 | 2,000 |
Apple Inc. 1/4/20226 | 0.050 | 5,000 | 4,999 |
Canadian Imperial Bank of Commerce 10/1/20216 | 0.050 | 2,700 | 2,700 |
Chariot Funding, LLC 10/19/20216 | 0.080 | 10,100 | 10,099 |
CRC Funding, LLC 1/14/20226 | 0.100 | 9,000 | 8,997 |
ExxonMobil Corp. 10/25/2021 | 0.050 | 9,500 | 9,500 |
Inova Health System Foundation 12/13/2021 | 0.080 | 5,000 | 4,999 |
Johnson & Johnson 11/8/20216 | 0.040 | 10,000 | 10,000 |
LMA-Americas LLC 10/14/20216 | 0.060 | 6,000 | 6,000 |
Manhattan Asset Funding Company LLC 11/15/20216 | 0.090 | 7,250 | 7,249 |
NRW.Bank 10/22/20216 | 0.065 | 5,000 | 5,000 |
Procter & Gamble Co. 10/7/20216 | 0.059 | 8,000 | 8,000 |
ST Engineering North America, Inc. 10/8/20216 | 0.060 | 2,000 | 2,000 |
81,543 | |||
Total short-term securities (cost: $184,426,000) | 184,418 | ||
Total investment securities 136.10% (cost: $452,666,000) | 453,047 | ||
Other assets less liabilities (36.10)% | (120,168) | ||
Net assets 100.00% | $332,879 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount8 (000) | Value at 9/30/20219 (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
5 Year U.S. Treasury Note Futures | Long | 19 | December 2021 | $1,900 | $2,332 | $(9) |
10 Year U.S. Treasury Note Futures | Long | 65 | December 2021 | 6,500 | 8,555 | (95) |
10 Year Ultra U.S. Treasury Note Futures | Short | 89 | December 2021 | (8,900) | (12,927) | 215 |
20 Year U.S. Treasury Bond Futures | Long | 8 | December 2021 | 800 | 1,274 | (25) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 2 | December 2021 | 200 | 382 | —2 |
$86 |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (000) | Unrealized appreciation at 9/30/2021 (000) |
3-month USD-LIBOR | 0.243% | 5/2/2024 | $33,400 | $260 | $22 | $238 |
3-month USD-LIBOR | 0.32% | 9/23/2025 | 3,600 | 81 | — | 81 |
3-month USD-LIBOR | 0.81% | 7/28/2045 | 5,700 | 1,173 | 16 | 1,157 |
3-month USD-LIBOR | 0.811% | 7/27/2050 | 3,000 | 723 | — | 723 |
$38 | $2,199 |
American Funds Insurance Series — American Funds Mortgage Fund — Page 205 of 242
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1 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
2 | Amount less than one thousand. |
3 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. |
4 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $1,659,000, which represented .50% of the net assets of the fund. |
5 | Purchased on a TBA basis. |
6 | Acquired in a transaction exempt from registration under Rule 144A or Section 4(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 $103,334,000, which represented 31.04% of the net assets of the fund. |
7 | Index-linked bond whose principal amount moves with a government price index. |
8 | Notional amount is calculated based on the number of contracts and notional contract size. |
9 | Value is calculated based on the notional amount and current market price. |
Key to abbreviations and symbol |
CLO = Collateralized Loan Obligations |
CMO = Collateralized Mortgage Obligations |
LIBOR = London Interbank Offered Rate |
TBA = To-be-announced |
USD/$ = U.S. dollars |
American Funds Insurance Series — American Funds Mortgage Fund — Page 206 of 242
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Short-term securities 93.21% Commercial paper 71.66% | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Apple Inc. 10/18/20211 | 0.060% | $5,800 | $5,800 |
Apple Inc. 1/4/20221 | 0.050 | 4,000 | 3,999 |
BNP Paribas Finance Inc. 10/1/20211 | 0.060 | 7,500 | 7,500 |
BNP Paribas Finance Inc. 10/4/20211 | 0.060 | 2,600 | 2,600 |
British Columbia (Province of) 1/10/2022 | 0.070 | 700 | 700 |
British Columbia (Province of) 1/18/2022 | 0.070 | 7,000 | 6,998 |
Chariot Funding, LLC 10/19/20211 | 0.100 | 9,500 | 9,499 |
CHARTA, LLC 10/18/20211 | 0.090 | 9,500 | 9,500 |
Commonwealth Bank of Australia 10/22/20211 | 0.080 | 10,000 | 9,999 |
Denmark (Kingdom of) 10/18/2021 | 0.055 | 5,000 | 5,000 |
Denmark (Kingdom of) 11/15/2021 | 0.050 | 4,500 | 4,500 |
Export Development Canada 11/16/2021 | 0.055 | 10,000 | 9,999 |
Exxon Mobil Corporation 12/3/2021 | 0.060 | 8,000 | 7,999 |
FMS Wertmanagement 10/19/20211 | 0.100 | 2,000 | 2,000 |
FMS Wertmanagement 12/10/20211 | 0.100 | 3,000 | 2,999 |
ING (U.S.) Funding LLC 12/14/2021 | 0.099 | 10,000 | 9,998 |
KfW 10/5/20211 | 0.060 | 5,000 | 5,000 |
Komatsu Finance America, Inc. 11/12/20211 | 0.080 | 2,000 | 2,000 |
Longship Funding LLC 11/22/20211 | 0.070 | 5,000 | 4,999 |
LVMH Moët Hennessy Louis Vuitton Inc. 10/27/20211 | 0.070 | 7,000 | 7,000 |
LVMH Moët Hennessy Louis Vuitton Inc. 11/2/20211 | 0.070 | 3,000 | 3,000 |
Nestlé Finance International Ltd. 10/7/20211 | 0.050 | 2,500 | 2,500 |
Nestlé Finance International Ltd. 10/26/20211 | 0.048 | 7,000 | 7,000 |
NRW.Bank 10/5/20211 | 0.055 | 5,000 | 5,000 |
OMERS Finance Trust 10/8/20211 | 0.069 | 10,000 | 10,000 |
Oversea-Chinese Banking Corp. Ltd. 10/1/20211 | 0.100 | 2,500 | 2,500 |
Paccar Financial Corp. 10/4/2021 | 0.050 | 5,000 | 5,000 |
Paccar Financial Corp. 11/8/2021 | 0.060 | 5,000 | 4,999 |
Procter & Gamble Co. 1/4/20221 | 0.050 | 10,000 | 9,999 |
Québec (Province of) 1/18/20221 | 0.070 | 10,000 | 9,997 |
Sumitomo Mitsui Banking Corp. 11/1/20211 | 0.090 | 8,500 | 8,499 |
Thunder Bay Funding, LLC 11/18/20211 | 0.090 | 9,000 | 8,999 |
Toronto-Dominion Bank 10/6/20211 | 0.050 | 10,000 | 10,000 |
Total Capital Canada Ltd. 11/30/20211 | 0.080 | 9,500 | 9,499 |
Toyota Motor Credit Corp. 10/22/2021 | 0.060 | 7,500 | 7,500 |
Unilever Capital Corp. 11/22/20211 | 0.070 | 9,500 | 9,499 |
United Overseas Bank Ltd. 11/12/20211 | 0.099 | 10,000 | 9,999 |
Victory Receivables Corp. 11/1/20211 | 0.100 | 5,000 | 4,999 |
247,078 | |||
U.S. Treasury bills 12.36% | |||
U.S. Treasury 10/14/2021 | 0.050 | 10,200 | 10,200 |
U.S. Treasury 12/2/2021 | 0.041 | 2,400 | 2,400 |
U.S. Treasury 12/30/2021 | 0.030 | 10,000 | 9,999 |
U.S. Treasury 2/3/2022 | 0.050 | 20,000 | 19,997 |
42,596 |
American Funds Insurance Series — Ultra-Short Bond Fund — Page 207 of 242
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Short-term securities (continued) Federal agency bills & notes 9.19% | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Federal Home Loan Bank 11/29/2021 | 0.040% | $700 | $700 |
Federal Home Loan Bank 12/1/2021 | 0.035 | 15,000 | 14,999 |
Federal Home Loan Bank 12/8/2021 | 0.043 | 7,000 | 6,999 |
Federal Home Loan Bank 12/17/2021 | 0.038 | 9,000 | 8,999 |
31,697 | |||
Total short-term securities (cost: $321,373,000) | 321,371 | ||
Total investment securities 93.21% (cost: $321,373,000) | 321,371 | ||
Other assets less liabilities 6.79% | 23,424 | ||
Net assets 100.00% | $344,795 |
1 | Acquired in a transaction exempt from registration under Rule 144A or Section 4(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 $184,385,000, which represented 53.48% of the net assets of the fund. |
American Funds Insurance Series — Ultra-Short Bond Fund — Page 208 of 242
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Bonds, notes & other debt instruments 78.77% U.S. Treasury bonds & notes 47.42% U.S. Treasury 27.56% | Principal amount (000) | Value (000) | |
U.S. Treasury 2.125% 2023 | $—1 | $—1 | |
U.S. Treasury 2.875% 2023 | 5,000 | 5,276 | |
U.S. Treasury 0.375% 2024 | 28,000 | 27,881 | |
U.S. Treasury 0.375% 2024 | 4,500 | 4,484 | |
U.S. Treasury 0.25% 2025 | 10,042 | 9,852 | |
U.S. Treasury 0.25% 2025 | 4,000 | 3,916 | |
U.S. Treasury 0.375% 2025 | 2,190 | 2,146 | |
U.S. Treasury 0.375% 2025 | 1,017 | 998 | |
U.S. Treasury 0.75% 2026 | 54,860 | 54,279 | |
U.S. Treasury 0.75% 2026 | 34,375 | 34,116 | |
U.S. Treasury 0.75% 2026 | 2,873 | 2,853 | |
U.S. Treasury 0.75% 2026 | 1,250 | 1,240 | |
U.S. Treasury 1.625% 2026 | 10,000 | 10,309 | |
U.S. Treasury 0.50% 2027 | 2,864 | 2,757 | |
U.S. Treasury 1.125% 2028 | 450 | 447 | |
U.S. Treasury 1.25% 2028 | 12,328 | 12,332 | |
U.S. Treasury 1.25% 2028 | 5,290 | 5,279 | |
U.S. Treasury 0.625% 2030 | 1,175 | 1,094 | |
U.S. Treasury 1.125% 2031 | 47,000 | 45,538 | |
U.S. Treasury 1.25% 2031 | 84,323 | 82,289 | |
U.S. Treasury 1.125% 2040 | 9,875 | 8,495 | |
U.S. Treasury 1.125% 2040 | 7,000 | 6,049 | |
U.S. Treasury 1.75% 2041 | 35,815 | 34,215 | |
U.S. Treasury 2.50% 2046 | 5,400 | 5,842 | |
U.S. Treasury 2.50% 2046 | 3,900 | 4,217 | |
U.S. Treasury 2.875% 2046 | 2,700 | 3,126 | |
U.S. Treasury 2.25% 2049 | 2,450 | 2,539 | |
U.S. Treasury 2.375% 2049 | 11,925 | 12,688 | |
U.S. Treasury 2.875% 2049 | 26,000 | 30,409 | |
U.S. Treasury 1.25% 2050 | 27,680 | 22,635 | |
U.S. Treasury 1.375% 2050 | 19,100 | 16,112 | |
U.S. Treasury 1.625% 20502 | 62,705 | 56,313 | |
U.S. Treasury 1.875% 2051 | 17,152 | 16,349 | |
U.S. Treasury 2.00% 2051 | 35,530 | 34,881 | |
U.S. Treasury 2.375% 2051 | 780 | 832 | |
561,788 | |||
U.S. Treasury inflation-protected securities 19.86% | |||
U.S. Treasury Inflation-Protected Security 0.125% 20223 | 71,031 | 72,782 | |
U.S. Treasury Inflation-Protected Security 0.125% 20223 | 22,013 | 22,330 | |
U.S. Treasury Inflation-Protected Security 0.125% 20223 | 6,392 | 6,442 | |
U.S. Treasury Inflation-Protected Security 0.125% 20233 | 27,485 | 28,427 | |
U.S. Treasury Inflation-Protected Security 0.375% 20233 | 19,236 | 20,273 | |
U.S. Treasury Inflation-Protected Security 0.625% 20233 | 60,696 | 63,532 | |
U.S. Treasury Inflation-Protected Security 0.125% 20243 | 29,432 | 31,477 |
American Funds Insurance Series — U.S. Government Securities Fund — Page 209 of 242
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Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury inflation-protected securities (continued) | Principal amount (000) | Value (000) | |
U.S. Treasury Inflation-Protected Security 0.125% 20243 | $8,826 | $9,421 | |
U.S. Treasury Inflation-Protected Security 0.50% 20243 | 5,245 | 5,601 | |
U.S. Treasury Inflation-Protected Security 0.625% 20243 | 6,671 | 7,118 | |
U.S. Treasury Inflation-Protected Security 0.125% 20263 | 61,040 | 66,093 | |
U.S. Treasury Inflation-Protected Security 0.125% 20303 | 6,680 | 7,368 | |
U.S. Treasury Inflation-Protected Security 0.125% 20313 | 8,921 | 9,792 | |
U.S. Treasury Inflation-Protected Security 0.125% 20313 | 7,592 | 8,362 | |
U.S. Treasury Inflation-Protected Security 2.125% 20413 | 386 | 582 | |
U.S. Treasury Inflation-Protected Security 0.75% 20422,3 | 8,686 | 10,584 | |
U.S. Treasury Inflation-Protected Security 0.625% 20433 | 4,868 | 5,800 | |
U.S. Treasury Inflation-Protected Security 1.00% 20493 | 5,098 | 6,830 | |
U.S. Treasury Inflation-Protected Security 0.25% 20503 | 335 | 377 | |
U.S. Treasury Inflation-Protected Security 0.125% 20513 | 19,694 | 21,572 | |
404,763 | |||
Total U.S. Treasury bonds & notes | 966,551 | ||
Mortgage-backed obligations 18.86% Federal agency mortgage-backed obligations 18.86% | |||
Fannie Mae Pool #695412 5.00% 20334 | 1 | 1 | |
Fannie Mae Pool #AD3566 5.00% 20354 | 8 | 9 | |
Fannie Mae Pool #MA2746 4.00% 20364 | 1,952 | 2,140 | |
Fannie Mae Pool #MA2588 4.00% 20364 | 923 | 1,006 | |
Fannie Mae Pool #256860 6.50% 20374 | 16 | 18 | |
Fannie Mae Pool #888698 7.00% 20374 | 27 | 31 | |
Fannie Mae Pool #256828 7.00% 20374 | 3 | 3 | |
Fannie Mae Pool #970343 6.00% 20384 | 15 | 16 | |
Fannie Mae Pool #AC0794 5.00% 20394 | 31 | 35 | |
Fannie Mae Pool #931768 5.00% 20394 | 6 | 7 | |
Fannie Mae Pool #932606 5.00% 20404 | 16 | 18 | |
Fannie Mae Pool #AJ1873 4.00% 20414 | 28 | 31 | |
Fannie Mae Pool #AI1862 5.00% 20414 | 484 | 553 | |
Fannie Mae Pool #AI3510 5.00% 20414 | 302 | 345 | |
Fannie Mae Pool #AJ0704 5.00% 20414 | 273 | 313 | |
Fannie Mae Pool #AJ5391 5.00% 20414 | 165 | 188 | |
Fannie Mae Pool #AE1248 5.00% 20414 | 44 | 50 | |
Fannie Mae Pool #AE1277 5.00% 20414 | 19 | 22 | |
Fannie Mae Pool #AE1283 5.00% 20414 | 11 | 12 | |
Fannie Mae Pool #AE1290 5.00% 20424 | 22 | 25 | |
Fannie Mae Pool #AT7161 3.50% 20434 | 58 | 63 | |
Fannie Mae Pool #AT3954 3.50% 20434 | 12 | 13 | |
Fannie Mae Pool #AT0300 3.50% 20434 | 9 | 10 | |
Fannie Mae Pool #BM6240 2.116% 20444,5 | 639 | 676 | |
Fannie Mae Pool #AY1829 3.50% 20444 | 14 | 16 | |
Fannie Mae Pool #AW8240 3.50% 20444 | 4 | 4 | |
Fannie Mae Pool #BE5017 3.50% 20454 | 74 | 80 | |
Fannie Mae Pool #BE8740 3.50% 20474 | 69 | 75 | |
Fannie Mae Pool #BE8742 3.50% 20474 | 20 | 22 | |
Fannie Mae Pool #BH2846 3.50% 20474 | 10 | 10 | |
Fannie Mae Pool #BH2848 3.50% 20474 | 7 | 8 | |
Fannie Mae Pool #BH2847 3.50% 20474 | 7 | 7 | |
Fannie Mae Pool #BJ5015 4.00% 20474 | 212 | 233 | |
Fannie Mae Pool #BH3122 4.00% 20474 | 5 | 6 | |
Fannie Mae Pool #BM3788 3.50% 20484 | 4,248 | 4,641 |
American Funds Insurance Series — U.S. Government Securities Fund — Page 210 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Fannie Mae Pool #BJ4901 3.50% 20484 | $50 | $55 | |
Fannie Mae Pool #BK6840 4.00% 20484 | 137 | 150 | |
Fannie Mae Pool #BK5232 4.00% 20484 | 99 | 109 | |
Fannie Mae Pool #BK9743 4.00% 20484 | 42 | 46 | |
Fannie Mae Pool #CA1909 4.50% 20484 | 32 | 34 | |
Fannie Mae Pool #BK9761 4.50% 20484 | 24 | 27 | |
Fannie Mae Pool #CA4151 3.50% 20494 | 716 | 788 | |
Fannie Mae Pool #FM1062 3.50% 20494 | 596 | 653 | |
Fannie Mae Pool #FM1443 3.50% 20494 | 438 | 475 | |
Fannie Mae Pool #BJ8411 3.50% 20494 | 146 | 159 | |
Fannie Mae Pool #FM2179 3.00% 20504 | 5,718 | 6,106 | |
Fannie Mae Pool #FM3834 4.50% 20504 | 1,428 | 1,548 | |
Fannie Mae Pool #MA4401 3.50% 20514 | 2,041 | 2,171 | |
Fannie Mae, Series 2001-4, Class GA, 9.00% 20254,5 | —1 | —1 | |
Fannie Mae, Series 2001-4, Class NA, 9.001% 20254,5 | —1 | —1 | |
Fannie Mae, Series 2012-M2, Class A2, Multi Family, 2.717% 20224 | 240 | 241 | |
Fannie Mae, Series 2012-M3, Class 1A2, Multi Family, 3.044% 20224 | 248 | 249 | |
Fannie Mae, Series 2014-M1, Class A2, Multi Family, 3.19% 20234,5 | 509 | 530 | |
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 3.501% 20244,5 | 993 | 1,049 | |
Freddie Mac Pool #1H1354 2.339% 20364,5 | 101 | 109 | |
Freddie Mac Pool #C03518 5.00% 20404 | 393 | 448 | |
Freddie Mac Pool #G06459 5.00% 20414 | 912 | 1,043 | |
Freddie Mac Pool #841039 2.191% 20434,5 | 578 | 614 | |
Freddie Mac Pool #Q19133 3.50% 20434 | 39 | 43 | |
Freddie Mac Pool #Q17696 3.50% 20434 | 35 | 38 | |
Freddie Mac Pool #Q23190 4.00% 20434 | 198 | 219 | |
Freddie Mac Pool #Q15874 4.00% 20434 | 7 | 7 | |
Freddie Mac Pool #Q28558 3.50% 20444 | 244 | 266 | |
Freddie Mac Pool #760014 2.913% 20454,5 | 399 | 415 | |
Freddie Mac Pool #Q52069 3.50% 20474 | 112 | 122 | |
Freddie Mac Pool #Q47615 3.50% 20474 | 63 | 67 | |
Freddie Mac Pool #Q54701 3.50% 20484 | 77 | 84 | |
Freddie Mac Pool #Q54709 3.50% 20484 | 65 | 70 | |
Freddie Mac Pool #Q54700 3.50% 20484 | 58 | 64 | |
Freddie Mac Pool #Q54781 3.50% 20484 | 56 | 61 | |
Freddie Mac Pool #Q54782 3.50% 20484 | 56 | 60 | |
Freddie Mac Pool #Q56590 3.50% 20484 | 35 | 38 | |
Freddie Mac Pool #Q56589 3.50% 20484 | 31 | 34 | |
Freddie Mac Pool #Q54699 3.50% 20484 | 30 | 33 | |
Freddie Mac Pool #Q54831 3.50% 20484 | 21 | 23 | |
Freddie Mac Pool #Q54698 3.50% 20484 | 20 | 21 | |
Freddie Mac Pool #G67711 4.00% 20484 | 1,944 | 2,149 | |
Freddie Mac Pool #Q56599 4.00% 20484 | 166 | 183 | |
Freddie Mac Pool #Q56175 4.00% 20484 | 121 | 133 | |
Freddie Mac Pool #Q55971 4.00% 20484 | 113 | 125 | |
Freddie Mac Pool #Q58411 4.50% 20484 | 322 | 358 | |
Freddie Mac Pool #Q58436 4.50% 20484 | 148 | 166 | |
Freddie Mac Pool #Q58378 4.50% 20484 | 115 | 127 | |
Freddie Mac Pool #Q57242 4.50% 20484 | 99 | 110 | |
Freddie Mac Pool #ZT0522 4.50% 20484 | 34 | 37 | |
Freddie Mac Pool #ZS4774 4.50% 20484 | 32 | 35 | |
Freddie Mac Pool #RA1463 3.50% 20494 | 506 | 557 | |
Freddie Mac Pool #QA0284 3.50% 20494 | 282 | 308 | |
Freddie Mac Pool #RA1580 3.50% 20494 | 254 | 280 |
American Funds Insurance Series — U.S. Government Securities Fund — Page 211 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Freddie Mac Pool #QA2748 3.50% 20494 | $70 | $76 | |
Freddie Mac Pool #RA2236 4.50% 20494 | 528 | 573 | |
Freddie Mac Pool #SD8163 3.50% 20514 | 3,375 | 3,576 | |
Freddie Mac Pool #SD8158 3.50% 20514 | 497 | 528 | |
Freddie Mac Pool #SD8164 3.50% 20514 | 371 | 394 | |
Freddie Mac, Series 1567, Class A, (1-month USD-LIBOR + 0.40%) 0.496% 20234,5 | 4 | 4 | |
Freddie Mac, Series K031, Class A1, Multi Family, 2.778% 20224 | 116 | 117 | |
Freddie Mac, Series KS01, Class A2, Multi Family, 2.522% 20234 | 708 | 719 | |
Freddie Mac, Series K029, Class A2, Multi Family, 3.32% 20234 | 200 | 207 | |
Freddie Mac, Series K035, Class A2, Multi Family, 3.458% 20234,5 | 2,565 | 2,696 | |
Freddie Mac, Series K034, Class A2, Multi Family, 3.531% 20234 | 2,745 | 2,881 | |
Freddie Mac, Series K040, Class A2, Multi Family, 3.241% 20244 | 1,363 | 1,458 | |
Freddie Mac, Series K038, Class A2, Multi Family, 3.389% 20244 | 4,698 | 4,994 | |
Freddie Mac, Series K063, Class A2, Multi Family, 3.43% 20274 | 736 | 816 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 20564 | 6,743 | 7,028 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 20564,5 | 6,027 | 6,283 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 20564,5 | 5,999 | 6,255 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 20564 | 1,915 | 1,999 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 20564 | 385 | 415 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 20574 | 2,080 | 2,216 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 20574,5 | 3,542 | 3,805 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 20574 | 6,248 | 6,661 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 20574 | 4,387 | 4,596 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 20574 | 2,273 | 2,425 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MA, 3.50% 20574 | 901 | 942 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 20584 | 3,859 | 4,054 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 20584 | 2,308 | 2,460 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 20584 | 1,108 | 1,163 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 20584 | 878 | 937 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 20584 | 493 | 525 | |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 20594 | 4,333 | 4,514 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 20284 | 27,863 | 29,401 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 20284 | 6,528 | 6,814 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 20294 | 8,148 | 8,503 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2020-1, Class A1D, 2.00% 20304 | 2,652 | 2,707 | |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2020-1, Class A2D, 2.00% 20304 | 535 | 524 | |
Government National Mortgage Assn. 2.50% 20514,6 | 6,960 | 7,185 | |
Government National Mortgage Assn. 2.50% 20514,6 | 5,348 | 5,512 | |
Government National Mortgage Assn. Pool #698668 5.50% 20384 | 97 | 109 | |
Government National Mortgage Assn. Pool #700778 5.50% 20384 | 25 | 29 | |
Government National Mortgage Assn. Pool #699537 5.50% 20384 | 13 | 15 | |
Government National Mortgage Assn. Pool #782365 6.00% 20384 | 120 | 141 | |
Government National Mortgage Assn. Pool #004269 6.50% 20384 | 210 | 249 | |
Government National Mortgage Assn. Pool #698406 5.00% 20394 | 241 | 280 | |
Government National Mortgage Assn. Pool #783690 6.00% 20394 | 114 | 131 | |
Government National Mortgage Assn. Pool #783689 5.50% 20404 | 3,469 | 4,033 | |
Government National Mortgage Assn. Pool #783687 4.50% 20414 | 699 | 761 | |
Government National Mortgage Assn. Pool #783688 5.00% 20414 | 1,215 | 1,353 | |
Government National Mortgage Assn. Pool #MA0533 3.00% 20424 | 25 | 26 | |
Government National Mortgage Assn. Pool #MA1012 3.50% 20434 | 850 | 919 | |
Government National Mortgage Assn. Pool #MA5764 4.50% 20494 | 5,450 | 5,830 | |
Government National Mortgage Assn. Pool #MA5877 4.50% 20494 | 2,428 | 2,597 | |
Government National Mortgage Assn. Pool #MA6092 4.50% 20494 | 421 | 449 | |
Uniform Mortgage-Backed Security 1.50% 20364,6 | 9,815 | 9,886 |
American Funds Insurance Series — U.S. Government Securities Fund — Page 212 of 242
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Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
Uniform Mortgage-Backed Security 2.00% 20364,6 | $30,850 | $31,775 | |
Uniform Mortgage-Backed Security 2.00% 20514,6 | 12,332 | 12,316 | |
Uniform Mortgage-Backed Security 2.00% 20514,6 | 1,848 | 1,850 | |
Uniform Mortgage-Backed Security 2.50% 20514,6 | 86,056 | 88,359 | |
Uniform Mortgage-Backed Security 2.50% 20514,6 | 21,783 | 22,418 | |
Uniform Mortgage-Backed Security 3.00% 20514,6 | 694 | 726 | |
Uniform Mortgage-Backed Security 3.00% 20514,6 | 409 | 427 | |
Uniform Mortgage-Backed Security 3.50% 20514,6 | 26,335 | 27,866 | |
Uniform Mortgage-Backed Security 4.50% 20514,6 | 2,290 | 2,477 | |
Total mortgage-backed obligations | 384,509 | ||
Federal agency bonds & notes 12.49% | |||
Export-Import Bank of the United States-Guaranteed, Ethiopian Leasing 2012 LLC 2.646% 2026 | 417 | 436 | |
Fannie Mae 2.875% 2023 | 36,000 | 37,786 | |
Fannie Mae 0.625% 2025 | 10,000 | 9,980 | |
Fannie Mae 0.75% 2027 | 2,900 | 2,818 | |
Fannie Mae 0.875% 2030 | 8,600 | 8,120 | |
Fannie Mae 7.125% 2030 | 2,000 | 2,879 | |
Federal Farm Credit Banks 0.375% 2022 | 1,500 | 1,503 | |
Federal Home Loan Bank 3.375% 2023 | 16,715 | 17,719 | |
Federal Home Loan Bank 3.25% 2028 | 6,500 | 7,343 | |
Federal Home Loan Bank 5.50% 2036 | 300 | 439 | |
Private Export Funding Corp. 3.266% 20217 | 34,000 | 34,111 | |
Private Export Funding Corp. 3.55% 2024 | 3,190 | 3,417 | |
Private Export Funding Corp. 1.40% 2028 | 3,000 | 2,990 | |
Tennessee Valley Authority 0.75% 2025 | 1,800 | 1,803 | |
Tennessee Valley Authority 2.875% 2027 | 5,000 | 5,452 | |
Tennessee Valley Authority 4.65% 2035 | 1,780 | 2,323 | |
Tennessee Valley Authority 5.88% 2036 | 875 | 1,285 | |
Tennessee Valley Authority, Series A, 4.625% 2060 | 250 | 367 | |
TVA Southaven 3.846% 2033 | 1,002 | 1,106 | |
U.S. Agency for International Development, Iraq (State of) 2.149% 2022 | 3,370 | 3,390 | |
U.S. Agency for International Development, Israel (State of), Class 1A, 5.50% 2023 | 1,250 | 1,376 | |
U.S. Agency for International Development, Jordan (Kingdom of) 2.578% 2022 | 41,500 | 42,230 | |
U.S. Agency for International Development, Jordan (Kingdom of) 3.00% 2025 | 14,779 | 15,784 | |
U.S. Agency for International Development, Morocco (Kingdom of) 7.55% 2026 | 2,303 | 2,643 | |
U.S. Department of Housing and Urban Development, Series 2015-A-8, 2.45% 2022 | 6,000 | 6,115 | |
U.S. Department of Housing and Urban Development, Series 2015-A-9, 2.80% 2023 | 1,500 | 1,568 | |
U.S. Department of Housing and Urban Development, Series 2015-A-10, 2.85% 2024 | 2,250 | 2,397 | |
U.S. Department of Housing and Urban Development, Series 2015-A-11, 2.95% 2025 | 2,640 | 2,813 | |
U.S. Department of Housing and Urban Development, Series 2015-A-12, 3.10% 2026 | 2,625 | 2,803 | |
U.S. Department of Housing and Urban Development, Series 2015-A-13, 3.15% 2027 | 11,482 | 12,261 | |
U.S. Department of Housing and Urban Development, Series 2015-A-14, 3.25% 2028 | 3,856 | 4,123 | |
U.S. Department of Housing and Urban Development, Series 2015-A-15, 3.35% 2029 | 2,650 | 2,838 | |
U.S. Department of Housing and Urban Development, Series 2015-A-16, 3.50% 2030 | 2,482 | 2,677 | |
U.S. Department of Housing and Urban Development, Series 2015-A-17, 3.55% 2031 | 2,475 | 2,633 | |
U.S. Department of Housing and Urban Development, Series 2015-A-18, 3.60% 2032 | 2,377 | 2,531 | |
U.S. Department of Housing and Urban Development, Series 2015-A-19, 3.65% 2033 | 2,059 | 2,196 | |
U.S. Department of Housing and Urban Development, Series 2015-A-20, 3.70% 2034 | 651 | 695 | |
U.S. Government-Guaranteed Certificates of Participation, Overseas Private Investment Corp. 3.82% 2032 | 813 | 932 | |
U.S. Government-Guaranteed Certificates of Participation, Overseas Private Investment Corp. 3.938% 2032 | 664 | 757 | |
254,639 | |||
Total bonds, notes & other debt instruments (cost: $1,597,257,000) | 1,605,699 |
American Funds Insurance Series — U.S. Government Securities Fund — Page 213 of 242
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Short-term securities 28.73% Commercial paper 20.61% | Weighted average yield at acquisition | Principal amount (000) | Value (000) |
Amazon.com, Inc. 10/25/20217 | 0.049% | $30,000 | $29,999 |
Apple Inc. 10/18/20217 | 0.060 | 25,000 | 25,000 |
Apple Inc. 12/6/20217 | 0.050 | 10,000 | 9,999 |
Apple Inc. 1/5/20227 | 0.050 | 14,000 | 13,998 |
CAFCO, LLC 11/3/20217 | 0.090 | 15,000 | 14,999 |
Canadian Imperial Bank of Commerce 10/1/20217 | 0.050 | 19,700 | 19,700 |
Chariot Funding, LLC 10/15/20217 | 0.090 | 15,000 | 15,000 |
Chariot Funding, LLC 10/19/20217 | 0.080 | 14,900 | 14,899 |
Chariot Funding, LLC 10/22/20217 | 0.100 | 10,000 | 9,999 |
Chariot Funding, LLC 1/14/20227 | 0.120 | 10,000 | 9,997 |
CHARTA, LLC 1/18/20227 | 0.100 | 20,000 | 19,993 |
Chevron Corp. 10/22/20217 | 0.050 | 35,000 | 34,998 |
Chevron Corp. 10/26/20217 | 0.050 | 2,900 | 2,900 |
CRC Funding, LLC 11/9/20217 | 0.090 | 15,000 | 14,998 |
ExxonMobil Corp. 10/21/2021 | 0.049 | 25,000 | 24,999 |
ExxonMobil Corp. 10/25/2021 | 0.050 | 5,500 | 5,500 |
ExxonMobil Corp. 11/22/2021 | 0.050 | 20,000 | 19,998 |
Inova Health System Foundation 12/13/2021 | 0.080 | 20,000 | 19,997 |
Manhattan Asset Funding Company LLC 11/4/20217 | 0.060 | 30,000 | 29,997 |
Paccar Financial Corp. 10/6/2021 | 0.050 | 8,000 | 8,000 |
Paccar Financial Corp. 10/15/2021 | 0.050 | 10,000 | 10,000 |
Paccar Financial Corp. 10/27/2021 | 0.070 | 10,000 | 9,999 |
Paccar Financial Corp. 11/19/2021 | 0.050 | 8,000 | 7,999 |
Procter & Gamble Co. 10/5/20217 | 0.057 | 15,000 | 15,000 |
Procter & Gamble Co. 10/13/20217 | 0.059 | 30,000 | 29,999 |
ST Engineering North America, Inc. 10/8/20217 | 0.060 | 2,000 | 2,000 |
419,967 | |||
Federal agency bills & notes 8.12% | |||
Federal Farm Credit Bank 3/2/2022 | 0.050 | 6,000 | 5,998 |
Federal Farm Credit Bank 4/6/2022 | 0.050 | 5,000 | 4,998 |
Federal Farm Credit Bank 4/8/2022 | 0.060 | 20,000 | 19,991 |
Federal Home Loan Bank 10/20/2021 | 0.040 | 5,000 | 5,000 |
Federal Home Loan Bank 10/22/2021 | 0.040 | 15,000 | 14,999 |
Federal Home Loan Bank 11/10/2021 | 0.043 | 25,000 | 24,998 |
Federal Home Loan Bank 11/19/2021 | 0.043 | 5,000 | 4,999 |
Federal Home Loan Bank 11/24/2021 | 0.030 | 26,200 | 26,198 |
Federal Home Loan Bank 3/4/2022 | 0.047 | 11,100 | 11,097 |
Federal Home Loan Bank 3/23/2022 | 0.040 | 26,000 | 25,991 |
Tennessee Valley Authority 10/13/2021 | 0.035 | 14,400 | 14,400 |
Tennessee Valley Authority 9/15/2031 | 0.002 | 7,000 | 6,912 |
165,581 | |||
Total short-term securities (cost: $585,651,000) | 585,548 | ||
Total investment securities 107.50% (cost: $2,182,908,000) | 2,191,247 | ||
Other assets less liabilities (7.50)% | (152,950) | ||
Net assets 100.00% | $2,038,297 |
American Funds Insurance Series — U.S. Government Securities Fund — Page 214 of 242
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Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount8 (000) | Value at 9/30/20219 (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
90 Day Euro Dollar Futures | Long | 5 | March 2022 | $1,250 | $1,248 | $—1 |
90 Day Euro Dollar Futures | Short | 5 | September 2022 | (1,250) | (1,246) | —1 |
90 Day Euro Dollar Futures | Long | 1,612 | December 2022 | 403,000 | 401,005 | (16) |
90 Day Euro Dollar Futures | Short | 21 | June 2023 | (5,250) | (5,209) | 5 |
90 Day Euro Dollar Futures | Long | 2,183 | September 2023 | 545,750 | 540,238 | (789) |
90 Day Euro Dollar Futures | Short | 2,134 | December 2023 | (533,500) | (527,391) | 835 |
90 Day Euro Dollar Futures | Short | 1,601 | December 2024 | (400,250) | (393,826) | 244 |
2 Year U.S. Treasury Note Futures | Short | 448 | December 2021 | (89,600) | (98,585) | 76 |
5 Year U.S. Treasury Note Futures | Long | 1,921 | December 2021 | 192,100 | 235,788 | (1,333) |
10 Year U.S. Treasury Note Futures | Long | 307 | December 2021 | 30,700 | 40,404 | (11) |
10 Year Ultra U.S. Treasury Note Futures | Short | 1,278 | December 2021 | (127,800) | (185,629) | 3,363 |
20 Year U.S. Treasury Bond Futures | Long | 415 | December 2021 | 41,500 | 66,076 | (1,722) |
30 Year Ultra U.S. Treasury Bond Futures | Short | 171 | December 2021 | (17,100) | (32,672) | 1,353 |
$2,005 |
Swap contracts
Interest rate swaps
Receive | Pay | Expiration date | Notional (000) | Value at 9/30/2021 (000) | Upfront premium paid (received) (000) | Unrealized (depreciation) appreciation at 9/30/2021 (000) |
2.5775% | U.S. EFFR | 7/16/2022 | $181,639 | $3,647 | $4,586 | $(939) |
U.S. EFFR | 0.1525% | 7/27/2022 | 1,075,000 | (43) | — | (43) |
1.2525% | U.S. EFFR | 2/14/2023 | 156,941 | 2,414 | 3,206 | (792) |
0.241% | U.S. EFFR | 3/1/2024 | 119,400 | (364) | (132) | (232) |
U.S. EFFR | 0.11% | 5/18/2024 | 97,600 | 656 | 554 | 102 |
U.S. EFFR | 0.1275% | 6/25/2025 | 20,100 | 401 | 376 | 25 |
U.S. EFFR | 0.126% | 6/25/2025 | 20,100 | 401 | 377 | 24 |
U.S. EFFR | 0.106% | 6/30/2025 | 22,492 | 470 | 445 | 25 |
3-month USD-LIBOR | 1.867% | 7/11/2025 | 49,400 | (1,233) | (1,285) | 52 |
2.91% | 3-month USD-LIBOR | 2/1/2028 | 16,000 | 1,059 | 980 | 79 |
2.908% | 3-month USD-LIBOR | 2/1/2028 | 16,000 | 1,058 | 979 | 79 |
2.925% | 3-month USD-LIBOR | 2/1/2028 | 12,800 | 857 | 794 | 63 |
2.92% | 3-month USD-LIBOR | 2/2/2028 | 12,200 | 813 | 753 | 60 |
U.S. EFFR | 0.5385% | 3/26/2030 | 49,000 | 2,754 | 3,354 | (600) |
0.913% | 3-month USD-LIBOR | 6/9/2030 | 31,000 | (1,423) | (1,737) | 314 |
U.S. EFFR | 0.666% | 11/19/2030 | 15,500 | 812 | 1,035 | (223) |
3-month USD-LIBOR | 2.986% | 2/1/2038 | 7,800 | (567) | (330) | (237) |
3-month USD-LIBOR | 2.963% | 2/1/2038 | 9,800 | (693) | (396) | (297) |
0.833% | 3-month USD-LIBOR | 4/3/2040 | 15,800 | (2,493) | (3,008) | 515 |
3-month USD-LIBOR | 0.81% | 7/28/2045 | 87,600 | 18,034 | 21,538 | (3,504) |
2.037% | 3-month USD-LIBOR | 2/15/2047 | 60,000 | 2,523 | — | 2,523 |
3-month USD-LIBOR | 0.811% | 7/27/2050 | 52,500 | 12,661 | 15,036 | (2,375) |
$47,125 | $(5,381) |
American Funds Insurance Series — U.S. Government Securities Fund — Page 215 of 242
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1 | Amount less than one thousand. |
2 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $9,933,000, which represented .49% of the net assets of the fund. |
3 | Index-linked bond whose principal amount moves with a government price index. |
4 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
5 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. |
6 | Purchased on a TBA basis. |
7 | Acquired in a transaction exempt from registration under Rule 144A or Section 4(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 $347,586,000, which represented 17.05% of the net assets of the fund. |
8 | Notional amount is calculated based on the number of contracts and notional contract size. |
9 | Value is calculated based on the notional amount and current market price. |
Key to abbreviations and symbol |
EFFR = Effective Federal Funds Rate |
LIBOR = London Interbank Offered Rate |
TBA = To-be-announced |
USD/$ = U.S. dollars |
American Funds Insurance Series — U.S. Government Securities Fund — Page 216 of 242
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Growth funds 84.61% | Shares | Value (000) | |
American Funds Insurance Series – Growth Fund, Class 1 | 4,143,736 | $491,944 | |
Total growth funds (cost: $372,730,000) | 491,944 | ||
Fixed income funds 10.03% | |||
American Funds Insurance Series – The Bond Fund of America, Class 1 | 5,143,904 | 58,332 | |
Total fixed income funds (cost: $60,408,000) | 58,332 | ||
Short-term securities 5.04% | |||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%1 | 29,278,859 | 29,279 | |
Total short-term securities (cost: $29,279,000) | 29,279 | ||
Options purchased 0.32% | |||
Options purchased* | 1,888 | ||
Total options purchased (cost: $3,298,000) | 1,888 | ||
Total investment securities 100.00% (cost: $465,715,000) | 581,443 | ||
Other assets less liabilities 0.00% | 26 | ||
Net assets 100.00% | $581,469 |
*Options purchased
Put
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 9/30/2021 (000) |
S&P 500 Index | 1,192 | $513,459 | $2,950.00 | 12/17/2021 | $1,550 |
S&P 500 Index | 15 | 6,461 | 2,800.00 | 3/18/2022 | 32 |
S&P 500 Index | 3 | 1,292 | 2,825.00 | 3/18/2022 | 6 |
S&P 500 Index | 23 | 9,908 | 2,850.00 | 3/18/2022 | 57 |
S&P 500 Index | 32 | 13,784 | 2,875.00 | 3/18/2022 | 79 |
S&P 500 Index | 22 | 9,477 | 2,925.00 | 3/18/2022 | 54 |
S&P 500 Index | 24 | 10,338 | 2,975.00 | 3/18/2022 | 70 |
S&P 500 Index | 12 | 5,169 | 3,050.00 | 3/18/2022 | 40 |
$1,888 |
American Funds Insurance Series — Managed Risk Growth Fund — Page 217 of 242
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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 | 452 | December 2021 | $45,200 | $55,479 | $(179) |
Euro Stoxx 50 Index Contracts | Short | 14 | December 2021 | €—4 | (655) | 4 |
FTSE 100 Index Contracts | Short | 1 | December 2021 | £—4 | (95) | —4 |
Mini MSCI Emerging Market Index Contracts | Short | 7 | December 2021 | $—4 | (436) | 1 |
Russell 2000 Mini Index Contracts | Short | 6 | December 2021 | —4 | (660) | 9 |
S&P Mid 400 E-mini Index Contracts | Short | 4 | December 2021 | —4 | (1,053) | 14 |
S&P 500 E-mini Index Contracts | Short | 15 | December 2021 | (1) | (3,223) | 23 |
British Pound Currency Contracts | Short | 1 | December 2021 | £(63) | (84) | —4 |
Euro Currency Contracts | Short | 5 | December 2021 | €(625) | (725) | 2 |
$(126) |
Investments in affiliates5
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized depreciation (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 84.61% | ||||||||
American Funds Insurance Series – Growth Fund, Class 1 | $452,559 | $123,173 | $80,129 | $32,941 | $(36,600) | $491,944 | $616 | $63,763 |
Fixed income funds 10.03% | ||||||||
American Funds Insurance Series – The Bond Fund of America, Class 16 | 84,922 | 32,587 | 56,013 | (378) | (2,786) | 58,332 | 134 | 2,342 |
Total 94.64% | $32,563 | $(39,386) | $550,276 | $750 | $66,105 |
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 — Managed Risk Growth Fund — Page 218 of 242
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Growth funds 84.74% | Shares | Value (000) | |
American Funds Insurance Series – International Fund, Class 1 | 5,809,093 | $140,348 | |
Total growth funds (cost: $105,851,000) | 140,348 | ||
Fixed income funds 10.08% | |||
American Funds Insurance Series – The Bond Fund of America, Class 1 | 1,471,759 | 16,690 | |
Total fixed income funds (cost: $17,310,000) | 16,690 | ||
Short-term securities 4.70% | |||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%1 | 7,778,446 | 7,778 | |
Total short-term securities (cost: $7,778,000) | 7,778 | ||
Options purchased 0.37% | |||
Options purchased* | 608 | ||
Total options purchased (cost: $742,000) | 608 | ||
Total investment securities 99.89% (cost: $131,681,000) | 165,424 | ||
Other assets less liabilities 0.11% | 187 | ||
Net assets 100.00% | $165,611 |
*Options purchased
Put
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 9/30/2021 (000) |
MSCI EAFE Index | 540 | $123,189 | $1,750.00 | 12/17/2021 | $507 |
MSCI EAFE Index | 53 | 12,091 | 1,675.00 | 3/18/2022 | 101 |
$608 |
American Funds Insurance Series — Managed Risk International Fund — Page 219 of 242
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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 | 117 | December 2021 | $11,700 | $14,361 | $(48) |
MSCI EAFE Index Contracts | Long | 49 | December 2021 | 3 | 5,554 | (183) |
S&P 500 E-mini Index Contracts | Short | 3 | December 2021 | —4 | (644) | 11 |
Mini MSCI Emerging Market Index Contracts | Short | 24 | December 2021 | (1) | (1,495) | 6 |
$(214) |
Investments in affiliates5
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 84.74% | ||||||||
American Funds Insurance Series – International Fund, Class 1 | $135,744 | $17,148 | $15,838 | $2,430 | $864 | $140,348 | $83 | $— |
Fixed income funds 10.08% | ||||||||
American Funds Insurance Series – The Bond Fund of America, Class 16 | 25,472 | 8,154 | 15,989 | (136) | (811) | 16,690 | 40 | 694 |
Total 94.82% | $2,294 | $53 | $157,038 | $123 | $694 |
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 — Managed Risk International Fund — Page 220 of 242
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Growth-and-income funds 84.67% | Shares | Value (000) | |
American Funds Insurance Series – Washington Mutual Investors Fund, Class 1 | 18,371,959 | $300,565 | |
Total growth-and-income funds (cost: $217,212,000) | 300,565 | ||
Fixed income funds 10.07% | |||
American Funds Insurance Series – U.S. Government Securities Fund, Class 1 | 3,032,361 | 35,752 | |
Total fixed income funds (cost: $38,895,000) | 35,752 | ||
Short-term securities 4.81% | |||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%1 | 17,063,668 | 17,064 | |
Total short-term securities (cost: $17,064,000) | 17,064 | ||
Options purchased 0.38% | |||
Options purchased* | 1,371 | ||
Total options purchased (cost: $2,333,000) | 1,371 | ||
Total investment securities 99.93% (cost: $275,504,000) | 354,752 | ||
Other assets less liabilities 0.07% | 246 | ||
Net assets 100.00% | $354,998 |
*Options purchased
Put
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 9/30/2021 (000) |
S&P 500 Index | 794 | $342,019 | $2,950.00 | 12/17/2021 | $1,032 |
S&P 500 Index | 22 | 9,477 | 2,725.00 | 3/18/2022 | 42 |
S&P 500 Index | 2 | 861 | 2,775.00 | 3/18/2022 | 4 |
S&P 500 Index | 30 | 12,923 | 2,800.00 | 3/18/2022 | 65 |
S&P 500 Index | 15 | 6,461 | 2,825.00 | 3/18/2022 | 31 |
S&P 500 Index | 12 | 5,169 | 2,875.00 | 3/18/2022 | 29 |
S&P 500 Index | 12 | 5,169 | 2,925.00 | 3/18/2022 | 29 |
S&P 500 Index | 11 | 4,738 | 2,975.00 | 3/18/2022 | 32 |
S&P 500 Index | 4 | 1,723 | 3,025.00 | 3/18/2022 | 13 |
S&P 500 Index | 16 | 6,892 | 3,050.00 | 3/18/2022 | 54 |
S&P 500 Index | 10 | 4,308 | 2,800.00 | 6/17/2022 | 40 |
$1,371 |
American Funds Insurance Series — Managed Risk Washington Mutual Investors Fund — Page 221 of 242
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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 | 225 | December 2021 | $22,500 | $27,617 | $(102) |
S&P 500 E-mini Index Contracts | Long | 16 | December 2021 | 1 | 3,438 | (57) |
Euro Stoxx 50 Index Contracts | Short | 2 | December 2021 | €—4 | (93) | —4 |
FTSE 100 Index Contracts | Short | 1 | December 2021 | £—4 | (95) | —4 |
British Pound Currency Contracts | Short | 2 | December 2021 | (125) | (169) | —4 |
$(159) |
Investments in affiliates5
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-and-income funds 84.67% | ||||||||
American Funds Insurance Series – Washington Mutual Investors Fund, Class 16 | $285,450 | $26,646 | $49,877 | $17,059 | $21,287 | $300,565 | $1,177 | $— |
Fixed income funds 10.07% | ||||||||
American Funds Insurance Series – U.S. Government Securities Fund, Class 16 | 53,565 | 15,750 | 29,689 | (1,449) | (2,425) | 35,752 | 91 | 3,183 |
Total 94.74% | $15,610 | $18,862 | $336,317 | $1,268 | $3,183 |
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 — Managed Risk Washington Mutual Investors Fund — Page 222 of 242
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Growth-and-income funds 79.52% | Shares | Value (000) | |
American Funds Insurance Series – Growth-Income Fund, Class 1 | 32,666,103 | $2,045,225 | |
Total growth-and-income funds (cost: $1,518,230,000) | 2,045,225 | ||
Fixed income funds 14.97% | |||
American Funds Insurance Series – The Bond Fund of America, Class 1 | 33,938,157 | 384,858 | |
Total fixed income funds (cost: $395,050,000) | 384,858 | ||
Short-term securities 4.49% | |||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%1 | 115,591,647 | 115,592 | |
Total short-term securities (cost: $115,592,000) | 115,592 | ||
Options purchased 0.79% | |||
Options purchased* | 20,181 | ||
Total options purchased (cost: $30,264,000) | 20,181 | ||
Total investment securities 99.77% (cost: $2,059,136,000) | 2,565,856 | ||
Other assets less liabilities 0.23% | 6,037 | ||
Net assets 100.00% | $2,571,893 |
*Options purchased
Put
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 9/30/2021 (000) |
S&P 500 Index | 820 | $353,218 | $2,650.00 | 12/17/2021 | $340 |
S&P 500 Index | 120 | 51,691 | 2,700.00 | 12/17/2021 | 60 |
S&P 500 Index | 85 | 36,614 | 2,725.00 | 12/17/2021 | 45 |
S&P 500 Index | 105 | 45,229 | 2,750.00 | 12/17/2021 | 54 |
S&P 500 Index | 2,895 | 1,247,033 | 2,775.00 | 12/17/2021 | 1,563 |
S&P 500 Index | 170 | 73,228 | 2,800.00 | 12/17/2021 | 105 |
S&P 500 Index | 330 | 142,149 | 2,825.00 | 12/17/2021 | 196 |
S&P 500 Index | 403 | 173,594 | 2,800.00 | 3/18/2022 | 873 |
S&P 500 Index | 150 | 64,613 | 2,825.00 | 3/18/2022 | 314 |
S&P 500 Index | 375 | 161,533 | 2,850.00 | 3/18/2022 | 928 |
S&P 500 Index | 294 | 126,642 | 2,875.00 | 3/18/2022 | 725 |
S&P 500 Index | 268 | 115,442 | 2,900.00 | 3/18/2022 | 715 |
S&P 500 Index | 211 | 90,889 | 2,925.00 | 3/18/2022 | 516 |
S&P 500 Index | 150 | 64,613 | 2,950.00 | 3/18/2022 | 411 |
S&P 500 Index | 177 | 76,243 | 2,975.00 | 3/18/2022 | 514 |
American Funds Insurance Series — Managed Risk Growth-Income Fund — Page 223 of 242
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*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 | 3,560 | $1,533,484 | $3,000.00 | 3/18/2022 | $10,755 |
S&P 500 Index | 142 | 61,167 | 3,025.00 | 3/18/2022 | 449 |
S&P 500 Index | 46 | 19,815 | 3,050.00 | 3/18/2022 | 155 |
S&P 500 Index | 135 | 58,152 | 2,750.00 | 6/17/2022 | 512 |
S&P 500 Index | 240 | 103,381 | 2,800.00 | 6/17/2022 | 951 |
$20,181 |
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 | 1,300 | December 2021 | $130,000 | $159,565 | $(812) |
S&P 500 E-mini Index Contracts | Long | 826 | December 2021 | 41 | 177,497 | (4,632) |
$(5,444) |
Investments in affiliates4
Value of affiliates at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 9/30/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth-and-income funds 79.52% | ||||||||
American Funds Insurance Series – Growth-Income Fund, Class 1 | $1,938,260 | $92,401 | $232,812 | $55,684 | $191,692 | $2,045,225 | $8,250 | $19,790 |
Fixed income funds 14.97% | ||||||||
American Funds Insurance Series – The Bond Fund of America, Class 15 | 363,712 | 120,238 | 81,601 | 5,482 | (22,973) | 384,858 | 890 | 15,522 |
Total 94.49% | $61,166 | $168,719 | $2,430,083 | $9,140 | $35,312 |
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 — Managed Risk Growth-Income Fund — Page 224 of 242
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Asset allocation funds 95.12% | Shares | Value (000) | |
American Funds Insurance Series – Asset Allocation Fund, Class 1 | 94,114,700 | $2,619,212 | |
Total asset allocation funds (cost: $2,138,901,000) | 2,619,212 | ||
Short-term securities 4.82% | |||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%1 | 132,651,535 | 132,652 | |
Total short-term securities (cost: $132,652,000) | 132,652 | ||
Options purchased 0.10% | |||
Options purchased* | 2,782 | ||
Total options purchased (cost: $4,371,000) | 2,782 | ||
Total investment securities 100.04% (cost: $2,275,924,000) | 2,754,646 | ||
Other assets less liabilities (0.04)% | (975) | ||
Net assets 100.00% | $2,753,671 |
*Options purchased
Put
Description | Number of contracts | Notional amount (000) | Exercise price | Expiration date | Value at 9/30/2021 (000) |
S&P 500 Index | 1,302 | $560,842 | $2,950.00 | 12/17/2021 | $1,693 |
S&P 500 Index | 15 | 6,461 | 2,725.00 | 3/18/2022 | 29 |
S&P 500 Index | 12 | 5,169 | 2,775.00 | 3/18/2022 | 25 |
S&P 500 Index | 39 | 16,799 | 2,825.00 | 3/18/2022 | 81 |
S&P 500 Index | 76 | 32,737 | 2,850.00 | 3/18/2022 | 188 |
S&P 500 Index | 56 | 24,122 | 2,875.00 | 3/18/2022 | 138 |
S&P 500 Index | 2 | 861 | 2,900.00 | 3/18/2022 | 5 |
S&P 500 Index | 58 | 24,984 | 2,925.00 | 3/18/2022 | 142 |
S&P 500 Index | 18 | 7,754 | 2,950.00 | 3/18/2022 | 49 |
S&P 500 Index | 42 | 18,092 | 2,975.00 | 3/18/2022 | 122 |
S&P 500 Index | 13 | 5,600 | 3,000.00 | 3/18/2022 | 39 |
S&P 500 Index | 10 | 4,308 | 3,025.00 | 3/18/2022 | 32 |
S&P 500 Index | 25 | 10,769 | 3,050.00 | 3/18/2022 | 84 |
S&P 500 Index | 7 | 3,015 | 2,800.00 | 6/17/2022 | 28 |
S&P 500 Index | 30 | 12,923 | 2,825.00 | 6/17/2022 | 127 |
$2,782 |
American Funds Insurance Series — Managed Risk Asset Allocation Fund — Page 225 of 242
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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 | 1,220 | December 2021 | $122,000 | $149,745 | $(690) |
S&P 500 E-mini Index Contracts | Long | 82 | December 2021 | 4 | 17,621 | (378) |
$(1,068) |
Investments in affiliates4
Value of affiliate at 1/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (000) | Value of affiliate at 9/30/2021 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Asset allocation funds 95.12% | ||||||||
American Funds Insurance Series – Asset Allocation Fund, Class 1 | $2,646,718 | $98,804 | $259,103 | $56,387 | $76,406 | $2,619,212 | $8,944 | $88,212 |
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. |
American Funds Insurance Series — Managed Risk Asset Allocation Fund — Page 226 of 242
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Valuation disclosures
Capital Research and Management Company (“CRMC”), the series’ investment adviser, values the funds’ investments at fair value as defined by U.S. generally accepted accounting principles. 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 series’ investment adviser uses the following methods and inputs to establish the fair value of each 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. The value of an underlying fund is based on its reported net asset value.
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 funds are 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 |
Municipal securities | Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts |
When the series’ investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the series’ investment adviser. The Capital Group Central Corporate Bond Fund (“CCBF”), a fund within the Capital Group Central Fund Series II, and Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (collectively the “Central Funds“), are each valued based upon a floating net asset value, which fluctuates with changes in the value of each fund’s portfolio securities. The underlying securities are valued based on the policies and procedures in the Central Funds’ statements of additional information. The 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. The net asset values of each share class of each managed risk fund are calculated based on the reported net asset values of the underlying funds in which each fund invests.
Exchange-traded options and futures are generally valued at the official closing price for options and the 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. Forward currency contracts are valued based on the spot and forward exchange rates obtained from one or more pricing vendors. Interest rate swaps and credit default swaps are generally valued by pricing vendors based on market inputs that include the index and term of index, reset frequency, payer/receiver, currency and pay frequency.
American Funds Insurance Series — Page 227 of 242
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The following table presents the average month-end notional amounts of options purchased, futures contracts, forward currency contracts, interest rate swaps and credit default swaps for each fund while held (dollars in thousands):
Options contracts purchased | Futures contracts | Forward currency contracts | Interest rate swaps | Credit default swaps | |
New World Fund | Not applicable | $7,317 | $3,385 | Not applicable | Not applicable |
Capital Income Builder | Not applicable | 34,171 | 593 | $39,771 | $3,233 |
Asset Allocation Fund | Not applicable | 1,223,021 | Not applicable | 77,689* | 142,226 |
Global Balanced Fund | Not applicable | 33,908 | 28,301 | 11,673 | 2,661 |
The Bond Fund of America | Not applicable | 3,903,859 | 256,244 | 587,107 | 90,274 |
Capital World Bond Fund | Not applicable | 595,831 | 575,675 | 153,606 | 56,106 |
American High-Income Trust | Not applicable | 60,745 | Not applicable | Not applicable | 38,980 |
American Funds Mortgage Fund | Not applicable | 31,854 | Not applicable | 55,817 | Not applicable |
U.S. Government Securities Fund | Not applicable | 1,660,035 | Not applicable | 1,466,739 | Not applicable |
Managed Risk Growth Fund | $558,466 | 71,268 | Not applicable | Not applicable | Not applicable |
Managed Risk International Fund | 132,640 | 75,312 | Not applicable | Not applicable | Not applicable |
Managed Risk Washington Mutual Investors Fund | 389,726 | 44,284 | Not applicable | Not applicable | Not applicable |
Managed Risk Growth-Income Fund | 5,630,907 | 204,750 | Not applicable | Not applicable | Not applicable |
Managed Risk Asset Allocation Fund | 676,854 | 219,199 | Not applicable | Not applicable | Not applicable |
* | No contracts were held at the end of the reporting period; amount represents the average month-end notional amount of contracts while they were held. |
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the series’ investment adviser are fair valued as determined in good faith under fair value guidelines adopted by authority of the series’ board of trustees as further described below. 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 and futures 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 each fund is determined. Fair valuations and valuations of investments and futures 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 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.
The series’ 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.
American Funds Insurance Series — Page 228 of 242
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Classifications — The series’ investment adviser classifies the funds’ 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 present the funds’ valuation levels as of September 30, 2021 (dollars in thousands):
Global Growth Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $1,710,290 | $1,272,213 | $— | $2,982,503 |
Consumer discretionary | 1,207,987 | 456,377 | — | 1,664,364 |
Health care | 895,999 | 250,289 | — | 1,146,288 |
Financials | 321,123 | 513,645 | — | 834,768 |
Communication services | 737,685 | 24,333 | — | 762,018 |
Consumer staples | 231,506 | 283,282 | — | 514,788 |
Industrials | 27,510 | 270,394 | — | 297,904 |
Materials | 129,151 | 40,484 | — | 169,635 |
Energy | — | 122,119 | — | 122,119 |
Real estate | — | 47,594 | — | 47,594 |
Utilities | — | 15,282 | — | 15,282 |
Preferred securities | — | 300,935 | — | 300,935 |
Short-term securities | 350,716 | — | — | 350,716 |
Total | $5,611,967 | $3,596,947 | $— | $9,208,914 |
Global Small Capitalization Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $664,697 | $507,740 | $1,493 | $1,173,930 |
Consumer discretionary | 541,836 | 382,515 | — | 924,351 |
Health care | 577,020 | 307,442 | — | 884,462 |
Industrials | 201,722 | 626,758 | — | 828,480 |
Financials | 228,617 | 167,156 | 43,747 | 439,520 |
Consumer staples | 83,898 | 48,218 | — | 132,116 |
Materials | 13,882 | 97,728 | — | 111,610 |
Communication services | 35,008 | 38,248 | — | 73,256 |
Utilities | 3,622 | 62,340 | — | 65,962 |
Real estate | 30,665 | 30,030 | — | 60,695 |
Energy | 19,685 | 4,812 | 13,244 | 37,741 |
Preferred securities | 16,786 | — | 78,180 | 94,966 |
Rights & warrants | — | 22,850 | — | 22,850 |
Short-term securities | 231,122 | — | — | 231,122 |
Total | $2,648,560 | $2,295,837 | $136,664 | $5,081,061 |
American Funds Insurance Series — Page 229 of 242
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The following table reconciles the valuation of the fund’s Level 3 investment securities and related transactions for the nine months ended
September 30, 2021 (dollars in thousands):
September 30, 2021 (dollars in thousands):
Beginning value at 1/1/2021 | Transfers into Level 3* | Purchases | Sales | Net realized loss | Unrealized depreciation | Transfers out of Level 3* | Ending value at 9/30/2021 | |
Investment securities | $103,891 | $— | $67,801 | $(28,876) | $(3,642) | $(2,510) | $— | $136,664 |
Net unrealized appreciation during the period on Level 3 investment securities held at September 30, 2021 | $14,124 |
* | Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities. |
Unobservable inputs — Valuation of the fund’s Level 3 securities is 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 following table provides additional information used by the fund’s investment adviser to fair value the fund’s Level 3 securities (dollars in thousands):
Value at 9/30/2021 | Valuation techniques | Unobservable inputs | Range (if applicable) | Weighted average* | Impact to valuation from an increase in input† | |
Common stocks | $58,484 | Transaction Price | N/A | N/A | N/A | N/A |
Premium to transaction price | 10% | 10% | Increase | |||
Market comparable companies | Price/Cash flow multiple | 9.2x | 9.2x | Increase | ||
DLOM | 25% | 25% | Decrease | |||
$ per one billion Btu | $2.25 | $2.25 | Increase | |||
MMTPA | 10 MMTPA | 10 MMTPA | Increase | |||
Preferred securities | 78,180 | Transaction Price | N/A | N/A | N/A | N/A |
Market comparable companies | Price/Sales multiple | 15.6x | 15.6x | Increase | ||
Discount to Price/Sales multiple | 15% | 15% | Decrease | |||
EV/Sales multiple | 21.1x | 21.1x | Increase | |||
Revenue growth rate | 86% | 86% | Increase | |||
Total | $136,664 |
* | Weighted average is by relative fair value. |
† | This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. |
Key to abbreviations |
Btu = British thermal unit |
DLOM = Discount for lack of marketability |
EV = Enterprise value |
MMTPA = Million metric tonnes per annum |
American Funds Insurance Series — Page 230 of 242
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Growth Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $8,273,869 | $1,076,795 | $7,710 | $9,358,374 |
Communication services | 8,912,819 | 35,474 | — | 8,948,293 |
Consumer discretionary | 7,572,344 | 523,536 | — | 8,095,880 |
Health care | 5,108,878 | 58,560 | 44,823 | 5,212,261 |
Industrials | 3,087,447 | 342,661 | — | 3,430,108 |
Financials | 2,736,146 | 3,725 | — | 2,739,871 |
Consumer staples | 1,034,962 | 115,720 | — | 1,150,682 |
Materials | 909,939 | — | — | 909,939 |
Energy | 820,840 | — | — | 820,840 |
Utilities | 186,527 | 24,847 | — | 211,374 |
Real estate | 120,858 | — | — | 120,858 |
Preferred securities | — | 31,081 | 26,189 | 57,270 |
Convertible bonds & notes | — | — | 25,559 | 25,559 |
Short-term securities | 903,033 | — | — | 903,033 |
Total | $39,667,662 | $2,212,399 | $104,281 | $41,984,342 |
International Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Financials | $125,893 | $1,900,345 | $— | $2,026,238 |
Industrials | 132,925 | 1,125,696 | — | 1,258,621 |
Health care | 89,779 | 1,108,528 | — | 1,198,307 |
Information technology | 413,341 | 696,643 | 448 | 1,110,432 |
Consumer discretionary | 311,672 | 710,258 | — | 1,021,930 |
Energy | 175,780 | 588,832 | — | 764,612 |
Communication services | 284,135 | 298,535 | — | 582,670 |
Materials | 441,535 | 126,930 | — | 568,465 |
Consumer staples | — | 323,799 | — | 323,799 |
Utilities | — | 241,170 | — | 241,170 |
Real estate | — | 15,084 | — | 15,084 |
Preferred securities | 98,075 | 55,705 | — | 153,780 |
Rights & warrants | — | 27,163 | — | 27,163 |
Short-term securities | 440,346 | — | — | 440,346 |
Total | $2,513,481 | $7,218,688 | $448 | $9,732,617 |
American Funds Insurance Series — Page 231 of 242
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New World Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $554,229 | $330,513 | $497 | $885,239 |
Health care | 249,799 | 332,447 | — | 582,246 |
Financials | 93,984 | 450,579 | — | 544,563 |
Consumer discretionary | 226,082 | 305,928 | — | 532,010 |
Communication services | 289,688 | 101,602 | — | 391,290 |
Industrials | 71,408 | 223,896 | — | 295,304 |
Materials | 151,999 | 133,383 | — | 285,382 |
Consumer staples | 48,179 | 178,497 | — | 226,676 |
Energy | 30,828 | 116,563 | — | 147,391 |
Utilities | 11,735 | 56,400 | — | 68,135 |
Real estate | 19,479 | 38,362 | — | 57,841 |
Preferred securities | 23,094 | 10,364 | 15,734 | 49,192 |
Rights & warrants | 50 | 4,934 | — | 4,984 |
Bonds, notes & other debt instruments | — | 118,825 | — | 118,825 |
Short-term securities | 221,953 | — | — | 221,953 |
Total | $1,992,507 | $2,402,293 | $16,231 | $4,411,031 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $239 | $— | $— | $239 |
Unrealized appreciation on open forward currency contracts | — | 67 | — | 67 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (234) | — | — | (234) |
Total | $5 | $67 | $— | $72 |
* | Futures contracts and forward currency contracts are not included in the fund’s investment portfolio. |
Washington Mutual Investors Fund
At September 30, 2021, all of the fund’s investment securities were classified as Level 1.
American Funds Insurance Series — Page 232 of 242
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Capital World Growth and Income Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $226,839 | $202,041 | $— | $428,880 |
Financials | 158,014 | 197,261 | — | 355,275 |
Consumer discretionary | 133,895 | 137,037 | — | 270,932 |
Health care | 189,398 | 67,877 | — | 257,275 |
Communication services | 189,907 | 53,765 | — | 243,672 |
Industrials | 88,269 | 100,770 | — | 189,039 |
Consumer staples | 70,571 | 84,009 | — | 154,580 |
Materials | 49,676 | 52,062 | — | 101,738 |
Energy | 48,421 | 23,354 | — | 71,775 |
Utilities | 19,418 | 36,161 | — | 55,579 |
Real estate | 33,674 | 17,659 | — | 51,333 |
Preferred securities | 4,311 | 13,510 | — | 17,821 |
Rights & warrants | — | 29 | — | 29 |
Convertible stocks | 1,557 | 1,020 | — | 2,577 |
Convertible bonds & notes | — | 5,332 | 734 | 6,066 |
Bonds, notes & other debt instruments | — | 6,570 | — | 6,570 |
Short-term securities | 71,435 | — | — | 71,435 |
Total | $1,285,385 | $998,457 | $734 | $2,284,576 |
Growth-Income Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $8,440,045 | $490,485 | $— | $8,930,530 |
Communication services | 6,796,855 | 153,536 | — | 6,950,391 |
Health care | 3,814,170 | 540,461 | — | 4,354,631 |
Industrials | 4,006,458 | 315,069 | — | 4,321,527 |
Financials | 3,933,477 | 122,201 | — | 4,055,678 |
Consumer discretionary | 3,567,908 | 72,328 | — | 3,640,236 |
Materials | 1,710,118 | 67,390 | — | 1,777,508 |
Consumer staples | 1,069,260 | 406,697 | — | 1,475,957 |
Energy | 1,203,750 | — | — | 1,203,750 |
Utilities | 723,506 | 232,955 | — | 956,461 |
Real estate | 934,477 | — | — | 934,477 |
Convertible stocks | 461,135 | — | — | 461,135 |
Convertible bonds & notes | — | — | 13,213 | 13,213 |
Bonds, notes & other debt instruments | — | 11,929 | — | 11,929 |
Short-term securities | 1,430,787 | — | — | 1,430,787 |
Total | $38,091,946 | $2,413,051 | $13,213 | $40,518,210 |
American Funds Insurance Series — Page 233 of 242
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International Growth and Income Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Financials | $22,985 | $221,904 | $— | $244,889 |
Consumer discretionary | — | 171,471 | — | 171,471 |
Health care | 4,062 | 127,154 | — | 131,216 |
Industrials | 19,701 | 110,777 | — | 130,478 |
Communication services | 31,669 | 90,649 | — | 122,318 |
Materials | 45,443 | 53,005 | — | 98,448 |
Information technology | 20,849 | 64,655 | — | 85,504 |
Consumer staples | 13,271 | 68,219 | — | 81,490 |
Utilities | — | 51,606 | — | 51,606 |
Energy | 22,752 | 22,516 | — | 45,268 |
Real estate | — | 31,398 | — | 31,398 |
Preferred securities | 11,068 | — | — | 11,068 |
Bonds, notes & other debt instruments | — | 7,592 | — | 7,592 |
Short-term securities | 107,263 | — | — | 107,263 |
Total | $299,063 | $1,020,946 | $— | $1,320,009 |
Capital Income Builder
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Financials | $93,612 | $76,219 | $— | $169,831 |
Information technology | 78,622 | 23,794 | — | 102,416 |
Consumer staples | 55,260 | 39,117 | — | 94,377 |
Health care | 58,485 | 22,631 | — | 81,116 |
Real estate | 59,113 | 16,343 | — | 75,456 |
Utilities | 34,181 | 38,111 | — | 72,292 |
Energy | 41,888 | 10,742 | — | 52,630 |
Communication services | 26,017 | 22,132 | — | 48,149 |
Industrials | 24,716 | 17,600 | — | 42,316 |
Materials | 21,042 | 18,267 | — | 39,309 |
Consumer discretionary | 16,071 | 12,814 | — | 28,885 |
Preferred securities | — | 1,864 | — | 1,864 |
Rights & warrants | 3 | — | — | 3 |
Convertible stocks | 11,152 | — | — | 11,152 |
Investment funds | 30,530 | — | — | 30,530 |
Convertible bonds & notes | — | 553 | — | 553 |
Bonds, notes & other debt instruments: | ||||
U.S. Treasury bonds & notes | — | 87,743 | — | 87,743 |
Mortgage-backed obligations | — | 39,167 | — | 39,167 |
Corporate bonds, notes & loans | — | 23,217 | — | 23,217 |
Asset-backed obligations | — | 5,443 | — | 5,443 |
Bonds & notes of governments & government agencies outside the U.S. | — | 868 | — | 868 |
Municipals | — | 277 | — | 277 |
Short-term securities | 63,033 | — | — | 63,033 |
Total | $613,725 | $456,902 | $— | $1,070,627 |
American Funds Insurance Series — Page 234 of 242
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Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $113 | $— | $— | $113 |
Unrealized appreciation on interest rate swaps | — | 1,268 | — | 1,268 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (617) | — | — | (617) |
Unrealized depreciation on open forward currency contracts | — | (4) | — | (4) |
Unrealized depreciation on credit default swaps | — | (12) | — | (12) |
Total | $(504) | $1,252 | $— | $748 |
* | Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund’s investment portfolio. |
Asset Allocation Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $5,237,312 | $— | $— | $5,237,312 |
Financials | 3,783,373 | 145,573 | 691 | 3,929,637 |
Consumer discretionary | 2,635,916 | 196,262 | — | 2,832,178 |
Health care | 2,650,792 | 103,347 | 19,887 | 2,774,026 |
Consumer staples | 1,528,950 | 404,577 | — | 1,933,527 |
Communication services | 1,870,243 | — | — | 1,870,243 |
Materials | 1,004,181 | 82,533 | — | 1,086,714 |
Industrials | 1,008,958 | — | 14,246 | 1,023,204 |
Real estate | 843,919 | — | — | 843,919 |
Energy | 624,660 | 1,950 | — | 626,610 |
Utilities | — | 184,261 | — | 184,261 |
Preferred securities | — | — | 317 | 317 |
Rights & warrants | — | — | —* | —* |
Convertible stocks | 113,498 | — | 50,000 | 163,498 |
Investment funds | 1,681,534 | — | — | 1,681,534 |
Bonds, notes & other debt instruments: | ||||
U.S. Treasury bonds & notes | — | 2,356,841 | — | 2,356,841 |
Corporate bonds, notes & loans | — | 2,202,453 | 7,824 | 2,210,277 |
Mortgage-backed obligations | — | 1,759,388 | — | 1,759,388 |
Asset-backed obligations | — | 337,257 | — | 337,257 |
Bonds & notes of governments & government agencies outside the U.S. | — | 58,075 | — | 58,075 |
Federal agency bonds & notes | — | 36,176 | — | 36,176 |
Municipals | — | 34,001 | — | 34,001 |
Short-term securities | 1,840,359 | — | — | 1,840,359 |
Total | $24,823,695 | $7,902,694 | $92,965 | $32,819,354 |
American Funds Insurance Series — Page 235 of 242
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Other investments† | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $11,581 | $— | $— | $11,581 |
Unrealized appreciation on credit default swaps | — | 4 | — | 4 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (2,640) | — | — | (2,640) |
Total | $8,941 | $4 | $— | $8,945 |
* | Amount less than one thousand. |
† | Futures contracts and credit default swaps are not included in the fund’s investment portfolio. |
Global Balanced Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $30,123 | $36,310 | $— | $66,433 |
Health care | 26,616 | 11,135 | — | 37,751 |
Financials | 24,733 | 9,111 | — | 33,844 |
Consumer discretionary | 24,562 | 6,337 | — | 30,899 |
Consumer staples | 13,361 | 16,253 | — | 29,614 |
Industrials | 8,069 | 14,517 | — | 22,586 |
Communication services | 7,090 | 5,107 | — | 12,197 |
Materials | 2,944 | 9,060 | — | 12,004 |
Real estate | 8,227 | 1,907 | — | 10,134 |
Energy | 7,698 | 2,361 | — | 10,059 |
Utilities | 1,037 | 1,847 | — | 2,884 |
Preferred securities | — | 1,446 | — | 1,446 |
Convertible stocks | 1,379 | — | — | 1,379 |
Bonds, notes & other debt instruments: | ||||
Bonds & notes of governments & government agencies outside the U.S. | — | 62,470 | — | 62,470 |
U.S. Treasury bonds & notes | — | 47,938 | — | 47,938 |
Corporate bonds, notes & loans | — | 20,940 | — | 20,940 |
Mortgage-backed obligations | — | 4,438 | — | 4,438 |
Municipals | — | 185 | — | 185 |
Asset-backed obligations | — | 81 | — | 81 |
Short-term securities | 31,673 | 9,753 | — | 41,426 |
Total | $187,512 | $261,196 | $— | $448,708 |
American Funds Insurance Series — Page 236 of 242
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Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $87 | $— | $— | $87 |
Unrealized appreciation on open forward currency contracts | — | 119 | — | 119 |
Unrealized appreciation on interest rate swaps | — | 4 | — | 4 |
Unrealized appreciation on credit default swaps | — | — | — | — |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (20) | — | — | (20) |
Unrealized depreciation on open forward currency contracts | — | (185) | — | (185) |
Unrealized depreciation on interest rate swaps | — | (122) | — | (122) |
Unrealized depreciation on credit default swaps | — | (1) | — | (1) |
Total | $67 | $(185) | $— | $(118) |
* | Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund’s investment portfolio. |
The Bond Fund of America
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
U.S. Treasury bonds & notes | $— | $5,924,926 | $— | $5,924,926 |
Corporate bonds, notes & loans | — | 4,156,776 | — | 4,156,776 |
Mortgage-backed obligations | — | 2,028,559 | — | 2,028,559 |
Asset-backed obligations | — | 458,526 | — | 458,526 |
Municipals | — | 215,375 | — | 215,375 |
Bonds & notes of governments & government agencies outside the U.S. | — | 129,714 | — | 129,714 |
Federal agency bonds & notes | — | 12,552 | — | 12,552 |
Short-term securities | 1,588,616 | — | — | 1,588,616 |
Total | $1,588,616 | $12,926,428 | $— | $14,515,044 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $25,680 | $— | $— | $25,680 |
Unrealized appreciation on open forward currency contracts | — | 963 | — | 963 |
Unrealized appreciation on interest rate swaps | — | 541 | — | 541 |
Unrealized appreciation on credit default swaps | — | 24 | — | 24 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (22,577) | — | — | (22,577) |
Unrealized depreciation on open forward currency contracts | — | (851) | — | (851) |
Unrealized depreciation on interest rate swaps | — | (7,766) | — | (7,766) |
Unrealized depreciation on credit default swaps | — | (16) | — | (16) |
Total | $3,103 | $(7,105) | $— | $(4,002) |
* | Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund’s investment portfolio. |
American Funds Insurance Series — Page 237 of 242
unaudited
Capital World Bond Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
Euros | $— | $341,121 | $— | $341,121 |
Japanese yen | — | 204,732 | — | 204,732 |
Chinese yuan renminbi | — | 203,249 | — | 203,249 |
British pounds | — | 66,823 | — | 66,823 |
Danish kroner | — | 52,873 | — | 52,873 |
Canadian dollars | — | 43,676 | — | 43,676 |
Mexican pesos | — | 42,362 | — | 42,362 |
Russian rubles | — | 35,563 | — | 35,563 |
Malaysian ringgits | — | 30,426 | — | 30,426 |
Australian dollars | — | 21,983 | — | 21,983 |
Indonesian rupiah | — | 15,364 | — | 15,364 |
Colombian pesos | — | 13,039 | — | 13,039 |
Brazilian reais | — | 9,702 | — | 9,702 |
South Korean won | — | 8,782 | — | 8,782 |
Indian rupees | — | 8,106 | — | 8,106 |
Czech korunas | — | 7,671 | — | 7,671 |
Ukrainian hryvnia | — | 7,588 | — | 7,588 |
Polish zloty | — | 7,049 | — | 7,049 |
Norwegian kroner | — | 6,563 | — | 6,563 |
Peruvian nuevos soles | — | 5,151 | — | 5,151 |
South African rand | — | 2,177 | — | 2,177 |
Ghanaian cedi | — | 1,587 | — | 1,587 |
Romanian leu | — | 1,217 | — | 1,217 |
U.S. dollars | — | 821,145 | 515 | 821,660 |
Preferred securities | — | — | 33 | 33 |
Common stocks | 401 | 287 | 1,569 | 2,257 |
Rights & warrants | — | — | —* | —* |
Short-term securities | 115,820 | 25,831 | — | 141,651 |
Total | $116,221 | $1,984,067 | $2,117 | $2,102,405 |
Other investments† | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $1,090 | $— | $— | $1,090 |
Unrealized appreciation on open forward currency contracts | — | 4,396 | — | 4,396 |
Unrealized appreciation on interest rate swaps | — | 221 | — | 221 |
Unrealized appreciation on credit default swaps | — | 16 | — | 16 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (2,316) | — | — | (2,316) |
Unrealized depreciation on open forward currency contracts | — | (5,079) | — | (5,079) |
Unrealized depreciation on interest rate swaps | — | (2,276) | — | (2,276) |
Unrealized depreciation on credit default swaps | — | (9) | — | (9) |
Total | $(1,226) | $(2,731) | $— | $(3,957) |
* | Amount less than one thousand. |
† | Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund’s investment portfolio. |
American Funds Insurance Series — Page 238 of 242
unaudited
American High-Income Trust
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
Corporate bonds, notes & loans | $— | $966,664 | $6,297 | $972,961 |
U.S. Treasury bonds & notes | — | 1,148 | — | 1,148 |
Asset-backed obligations | — | 363 | — | 363 |
Convertible bonds & notes | — | 1,490 | 73 | 1,563 |
Convertible stocks | 320 | 466 | — | 786 |
Common stocks | 21,381 | 5,819 | 32,126 | 59,326 |
Preferred securities | — | 2,217 | 719 | 2,936 |
Rights & warrants | 1,008 | 628 | —1 | 1,636 |
Short-term securities | 23,989 | — | — | 23,989 |
Total | $46,698 | $978,795 | $39,215 | $1,064,708 |
Other investments2 | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $381 | $— | $— | $381 |
Unrealized appreciation on credit default swaps | — | 57 | — | 57 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (26) | — | — | (26) |
Total | $355 | $57 | $— | $412 |
1 | Amount less than one thousand. |
2 | Futures contracts and credit default swaps are not included in the investment portfolio. |
The following table reconciles the valuation of the fund’s Level 3 investment securities and related transactions for the nine months ended
September 30, 2021 (dollars in thousands):
September 30, 2021 (dollars in thousands):
Beginning value at 1/1/2021 | Transfers into Level 33 | Purchases | Sales | Net realized loss | Unrealized appreciation | Transfers out of Level 33 | Ending value at 9/30/2021 | |
Investment securities | $28,783 | $1,847 | $793 | $(1,124) | $(7,021) | $16,565 | $(628) | $39,215 |
Net unrealized appreciation during the period on Level 3 investment securities held at September 30, 2021 | $9,370 |
3Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities.
American Funds Insurance Series — Page 239 of 242
unaudited
Unobservable inputs — Valuation of the fund’s Level 3 securities is 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 following table provides additional information used by the fund’s investment adviser to fair value the fund’s Level 3 securities (dollars in thousands):
Value at 9/30/2021 | Valuation techniques | Unobservable inputs | Range (if applicable) | Weighted average1 | Impact to valuation from an increase in input2 | |
Bonds, notes & other debt instruments | $6,297 | Estimated recovery value | Expected sale proceeds | N/A | N/A | N/A |
Vendor price | N/A | N/A | N/A | |||
Risk discount | 10% | 10% | Decrease | |||
Par value | N/A | N/A | N/A | |||
Yield analysis | YTM risk premium | 200 bps | 200 bps | Decrease | ||
Convertible securities | 73 | Transaction price | N/A | N/A | N/A | N/A |
Common stocks | 32,126 | Estimated recovery value | N/A | N/A | N/A | N/A |
Risk discount | 90% | 90% | Decrease | |||
Par value | N/A | N/A | N/A | |||
Adjustment based on market decline | 20% | 20% | Decrease | |||
Market comparable companies | EV/EBITDA multiple | 2.0x - 5.1x | 3.5x | Increase | ||
EV/EBITDA less CapEx multiple | 9.8x - 13.5x | 12.5x | Increase | |||
Discount to EV/EBITDA less CapEx multiple | 20% | 20% | Decrease | |||
DLOM | 16% - 21% | 17% | Decrease | |||
Preferred securities | 719 | Market comparable companies | EV/EBITDA multiple | 3.5x | 3.5x | Increase |
DLOM | 30% | 30% | Decrease | |||
Rights & warrants | —3 | Estimated recovery value | N/A | N/A | N/A | N/A |
Total | $39,215 |
1 | Weighted average is by relative fair value. |
2 | This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. |
3Amount less than one thousand.
Key to abbreviations |
CapEx = Capital expenditure |
DLOM = Discount for lack of marketability |
EBITDA = Earnings before income taxes, depreciation and amortization |
EV = Enterprise value |
YTM = Yield to maturity |
American Funds Insurance Series — Page 240 of 242
unaudited
American Funds Mortgage Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
Mortgage-backed obligations | $— | $197,929 | $— | $197,929 |
U.S. Treasury bonds & notes | — | 57,746 | — | 57,746 |
Asset-backed obligations | — | 11,664 | — | 11,664 |
Bonds & notes of governments & government agencies outside the U.S. | — | 754 | — | 754 |
Federal agency bonds & notes | — | 283 | — | 283 |
Corporate bonds, notes & loans | — | 253 | — | 253 |
Short-term securities | — | 184,418 | — | 184,418 |
Total | $— | $453,047 | $— | $453,047 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $215 | $— | $— | $215 |
Unrealized appreciation on interest rate swaps | — | 2,199 | — | 2,199 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (129) | — | — | (129) |
Total | $86 | $2,199 | $— | $2,285 |
* | Futures contracts and interest rate swaps are not included in the fund’s investment portfolio. |
Ultra-Short Bond Fund
At September 30, 2021, all of the fund’s investment securities were classified as Level 2.
U.S. Government Securities Fund
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
U.S. Treasury bonds & notes | $— | $966,551 | $— | $966,551 |
Mortgage-backed obligations | — | 384,509 | — | 384,509 |
Federal agency bonds & notes | — | 254,639 | — | 254,639 |
Short-term securities | — | 585,548 | — | 585,548 |
Total | $— | $2,191,247 | $— | $2,191,247 |
American Funds Insurance Series — Page 241 of 242
unaudited
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $5,876 | $— | $— | $5,876 |
Unrealized appreciation on interest rate swaps | — | 3,861 | — | 3,861 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (3,871) | — | — | (3,871) |
Unrealized depreciation on interest rate swaps | — | (9,242) | — | (9,242) |
Total | $2,005 | $(5,381) | $— | $(3,376) |
* | Futures contracts and interest rate swaps are not included in the fund’s investment portfolio. |
Managed Risk Growth Fund
At September 30, 2021, all of the fund’s investments were classified as Level 1.
Managed Risk International Fund
At September 30, 2021, all of the fund’s investments were classified as Level 1.
Managed Risk Washington Mutual Investors Fund
At September 30, 2021, all of the fund’s investments were classified as Level 1.
Managed Risk Growth-Income Fund
At September 30, 2021, all of the fund’s investments were classified as Level 1.
Managed Risk Asset Allocation Fund
At September 30, 2021, all of the fund’s investments 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.
INGEFP3-998-1121O-S85339 | American Funds Insurance Series — Page 242 of 242 |