UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
Certified Shareholder Report of
Registered Management Investment Companies
Investment Company Act File Number: 811-05104
Capital World Bond Fund
(Exact Name of Registrant as Specified in Charter)
333 South Hope Street, 55th Floor
Los Angeles, California 90071
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (949) 975-5000
Date of fiscal year end: December 31
Date of reporting period: June 30, 2023
Becky L. Park
Capital World Bond Fund
6455 Irvine Center Drive
Irvine, California 92618
(Name and Address of Agent for Service)
ITEM 1 – Reports to Stockholders
Capital World Bond Fund® Semi-annual report for the six months ended June 30, 2023 |  |
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Find diverse total
return opportunities
in global bonds
Capital World Bond Fund seeks to provide you, over the long term, with a high level of total return consistent with prudent investment management. Total return comprises the income generated by the fund and the changes in the market value of the fund’s investments.
This fund is one of more than 40 offered by Capital Group, home of American Funds, one of the nation’s largest mutual fund families. For over 90 years, Capital Group has invested with a long-term focus based on thorough research and attention to risk.
Fund results shown in this report, unless otherwise indicated, are for Class F-2 shares. Class A share results are shown at net asset value unless otherwise indicated. If a sales charge (maximum 3.75%) had been deducted from Class A shares, the results would have been lower. Results are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. For current information and month-end results, visit capitalgroup.com.
Here are the total returns on a $1,000 investment for the periods ended June 30, 2023 (the most recent calendar quarter-end):
| | 1 year | | 5 years | | 10 years |
| | | | | | | | | | | | |
Class F-2 shares | | | –0.40 | % | | | –0.93 | % | | | 0.41 | % |
Class A shares (reflecting 3.75% maximum sales charge) | | | –4.51 | | | | –2.02 | | | | –0.29 | |
For other share class results, visit capitalgroup.com and americanfundsretirement.com.
The total annual fund operating expense ratios are 0.60% for Class F-2 shares and 0.96% for Class A shares as of the prospectus dated March 1, 2023. The expense ratios are restated to reflect current fees.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which they would have been lower. Visit capitalgroup.com for more information.
The fund’s 30-day yield as of June 30, 2023, was 4.20% for Class F-2 shares and 3.68% for Class A shares, calculated in accordance with the U.S. Securities and Exchange Commission formula. The fund’s distribution rate as of that date was 2.55% for Class F-2 shares and 2.09% for Class A shares. The Class A share results for both reflect the 3.75% maximum sales charge. The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities, while the distribution rate reflects the fund’s past dividends paid to shareholders. Accordingly, the fund’s SEC yield and distribution rate may differ.
The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. High-yield and lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than investment-grade and higher rated bonds. Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. Investing in bonds issued outside the U.S. may be subject to additional risks. They include currency fluctuations, political and social instability, differing securities regulations and accounting standards, higher transaction costs, possible changes in taxation, illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. Refer to the fund prospectus and the Risk Factors section of this report for more information on these and other risks associated with investing in the fund.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Fellow investors:
Results for the Capital World Bond Fund for the periods ended June 30, 2023, are shown in the table below, as well as results of the fund’s benchmark and peer group.
For additional information about the fund, its investment results, holdings and portfolio managers, visit capitalgroup.com/individual/investments/fund/bfwfx. You can also access information about Capital Group’s American Funds and read our insights about the markets, retirement, saving for college, investing fundamentals and more at capitalgroup.com.
Contents
Results at a glance
For periods ended June 30, 2023, with all distributions reinvested
| | Cumulative total returns | | Average annual total returns |
| | 6 months | | 1 year | | 5 years | | 10 years | | Lifetime (since Class A inception on 8/4/87) |
Capital World Bond Fund (Class F-2 shares)1 | | | 1.37 | % | | | –0.40 | % | | | –0.93 | % | | | 0.41 | % | | | 5.22 | % |
Capital World Bond Fund (Class A shares) | | | 1.17 | | | | –0.77 | | | | –1.27 | | | | 0.09 | | | | 4.92 | |
Bloomberg Global Aggregate Index2 | | | 1.43 | | | | –1.32 | | | | –1.09 | | | | 0.20 | | | | 4.91 | |
Lipper Global Income Funds Average3 | | | 2.06 | | | | 0.79 | | | | –0.12 | | | | 0.83 | | | | 5.07 | |
Past results are not predictive of results in future periods.
1 | Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Refer to capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale. |
2 | Bloomberg source: Bloomberg Index Services Ltd. The Bloomberg Barclays Global Aggregate Index began on December 31, 1989. For the period of August 4, 1987, to December 31, 1989, the FTSE World Government Bond Index was used. The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index. FTSE data: © 2022 FTSE Index LLC. All rights reserved. |
3 | Source: Refinitiv Lipper. Lipper averages reflect the current composition of all eligible mutual funds (all share classes) within a given category. Lipper categories are dynamic and averages may have few funds, especially over longer periods. For the number of funds included in the Lipper category for each fund’s lifetime, please refer to the Quarterly Statistical Update, available on our website. |
Investment portfolio June 30, 2023 | unaudited |
Portfolio by type of security | Percent of net assets |
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Bonds & notes of governments & government agencies outside the U.S. |
Eurozone*: | | | | | | | | |
Greece | | | 2.55 | % | | | | |
France | | | 1.92 | | | | | |
Germany | | | 1.59 | | | | | |
Spain | | | 1.38 | | | | | |
Italy | | | 1.22 | | | | | |
Austria | | | .57 | | | | | |
Ireland | | | .51 | | | | | |
Portugal | | | .38 | | | | | |
Belgium | | | .31 | | | | | |
Finland | | | .26 | | | | | |
Netherlands | | | .10 | | | | | |
Lithuania | | | .02 | | | | | |
Estonia | | | .01 | | | | | |
Luxembourg | | | — | † | | | 10.82 | % |
Japan | | | | | | | 6.30 | |
China | | | | | | | 4.33 | |
United Kingdom | | | | | | | 3.40 | |
Brazil | | | | | | | 2.97 | |
Canada | | | | | | | 2.89 | |
Australia | | | | | | | 1.74 | |
Indonesia | | | | | | | 1.73 | |
South Korea | | | | | | | 1.60 | |
Mexico | | | | | | | 1.51 | |
Supra National | | | | | | | 1.43 | |
Colombia | | | | | | | 1.18 | |
Other | | | | | | | 5.36 | |
| | | | | | | 45.26 | % |
* | Countries using the euro as a common currency: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. |
† | Amount less than .01% |
Bonds, notes & other debt instruments 93.04% | | Principal amount (000) | | | Value (000) | |
Euros 17.25% | | | | | | | | |
AbbVie, Inc. 1.25% 11/18/2031 | | EUR | 1,814 | | | $ | 1,636 | |
AIA Group, Ltd. 0.88% 9/9/2033 (5-year EUR Mid-Swap + 1.10% on 9/9/2028)1 | | | 23,220 | | | | 20,102 | |
Allwyn Entertainment Financing (UK) PLC 7.25% 4/30/2030 | | | 185 | | | | 206 | |
Altria Group, Inc. 2.20% 6/15/2027 | | | 8,550 | | | | 8,667 | |
American Medical Systems Europe BV 1.375% 3/8/2028 | | | 940 | | | | 924 | |
American Tower Corp. 0.45% 1/15/2027 | | | 2,095 | | | | 1,985 | |
American Tower Corp. 0.875% 5/21/2029 | | | 1,420 | | | | 1,264 | |
Anheuser-Busch InBev SA/NV 1.125% 7/1/2027 | | | 1,875 | | | | 1,862 | |
Anheuser-Busch InBev SA/NV 2.875% 4/2/2032 | | | 461 | | | | 475 | |
AT&T, Inc. 3.55% 11/18/2025 | | | 2,970 | | | | 3,202 | |
AT&T, Inc. 1.60% 5/19/2028 | | | 2,290 | | | | 2,239 | |
AT&T, Inc. 3.95% 4/30/2031 | | | 740 | | | | 801 | |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Euros (continued) | | | | | | | | |
AT&T, Inc. 2.05% 5/19/2032 | | EUR | 6,250 | | | $ | 5,795 | |
AT&T, Inc. 4.30% 11/18/2034 | | | 1,450 | | | | 1,587 | |
Austria (Republic of) 0% 2/20/2031 | | | 45,322 | | | | 39,504 | |
Austria (Republic of) 0.90% 2/20/2032 | | | 15,195 | | | | 13,982 | |
Austria (Republic of) 0.70% 4/20/2071 | | | 290 | | | | 144 | |
Autostrade per l’Italia SpA 2.25% 1/25/2032 | | | 1,100 | | | | 977 | |
Autostrade per L’Italia SpA 2.00% 1/15/2030 | | | 4,000 | | | | 3,670 | |
AXA SA 4.25% 3/10/2043 (3-month EUR-EURIBOR + 3.60% on 3/10/2033)1 | | | 2,000 | | | | 2,006 | |
Banco de Sabadell, SA 2.625% 3/24/2026 (5-year EUR Mid-Swap + 2.20% on 3/24/2025)1 | | | 3,600 | | | | 3,737 | |
Banco de Sabadell, SA 5.25% 2/7/2029 (1-year EUR Mid-Swap + 2.40% on 2/7/2028)1 | | | 17,000 | | | | 18,192 | |
Banco Santander, SA 3.25% 4/4/2026 | | | 7,200 | | | | 7,583 | |
Bank of America Corp. 0.58% 8/8/2029 (3-month EUR-EURIBOR + 0.73% on 8/8/2028)1,2 | | | 3,140 | | | | 2,844 | |
BAT International Finance PLC 2.75% 3/25/2025 | | | 7,000 | | | | 7,433 | |
Bayer Capital Corp. BV 1.50% 6/26/2026 | | | 1,400 | | | | 1,421 | |
Belgium (Kingdom of), Series 89, 0.10% 6/22/2030 | | | 1,020 | | | | 920 | |
Belgium (Kingdom of), Series 94, 0.35% 6/22/2032 | | | 7,560 | | | | 6,553 | |
Belgium (Kingdom of), Series 97, 3.00% 6/22/2033 | | | 17,710 | | | | 19,234 | |
Belgium (Kingdom of), Series 99, 3.45% 6/22/2043 | | | 910 | | | | 1,004 | |
Belgium (Kingdom of), Series 88, 1.70% 6/22/2050 | | | 765 | | | | 593 | |
Belgium (Kingdom of), Series 98, 3.30% 6/22/2054 | | | 1,210 | | | | 1,293 | |
BMW Finance NV 1.50% 2/6/2029 | | | 1,000 | | | | 987 | |
BP Capital Markets PLC 1.231% 5/8/2031 | | | 3,200 | | | | 2,847 | |
BPCE 0.875% 1/31/2024 | | | 700 | | | | 750 | |
BPCE 1.00% 4/1/2025 | | | 10,900 | | | | 11,226 | |
BPCE 4.50% 1/13/2033 | | | 8,800 | | | | 9,644 | |
British American Tobacco PLC 3.00% subordinated perpetual bonds (5-year EUR Mid-Swap + 3.372% on 12/27/2026)1 | | | 4,000 | | | | 3,675 | |
Bulgaria (Republic of) 4.50% 1/27/2033 | | | 5,575 | | | | 6,038 | |
Caisse d’Amortissement de la Dette Sociale 0.60% 11/25/2029 | | | 1,600 | | | | 1,492 | |
CaixaBank, SA 1.375% 6/19/2026 | | | 9,800 | | | | 9,756 | |
CaixaBank, SA 2.25% 4/17/2030 (5-year EUR Annual (vs. 6-month EUR-EURIBOR) + 1.68% on 4/17/2025)1 | | | 16,200 | | | | 16,414 | |
Celanese US Holdings, LLC 4.777% 7/19/2026 | | | 3,020 | | | | 3,220 | |
Celanese US Holdings, LLC 0.625% 9/10/2028 | | | 1,500 | | | | 1,274 | |
Comcast Corp. 0% 9/14/2026 | | | 7,770 | | | | 7,499 | |
Comcast Corp. 0.25% 5/20/2027 | | | 6,700 | | | | 6,382 | |
Comcast Corp. 0.25% 9/14/2029 | | | 8,195 | | | | 7,266 | |
Comcast Corp. 1.25% 2/20/2040 | | | 1,300 | | | | 973 | |
Credit Agricole SA 0.50% 6/24/2024 | | | 900 | | | | 950 | |
Daimler Truck International Finance BV 1.625% 4/6/2027 | | | 5,000 | | | | 5,012 | |
Deutsche Bank AG 1.75% 11/19/2030 (3-month EUR-EURIBOR + 2.05% on 11/19/2029)1 | | | 13,900 | | | | 12,003 | |
Deutsche Bank AG 4.00% 6/24/2032 (3-month EUR-EURIBOR + 3.30% on 6/24/2027)1 | | | 8,300 | | | | 7,980 | |
DH Europe Finance II SARL 0.45% 3/18/2028 | | | 1,957 | | | | 1,842 | |
Dow Chemical Co. (The) 1.875% 3/15/2040 | | | 500 | | | | 381 | |
E.ON SE 1.625% 3/29/2031 | | | 5,260 | | | | 4,984 | |
EDP - Energias de Portugal, SA, junior subordinated, 1.875% 8/2/2081 (5-year EUR-ICE Swap EURIBOR + 2.38% on 8/2/2026)1 | | | 4,000 | | | | 3,848 | |
Egypt (Arab Republic of) 4.75% 4/16/2026 | | | 1,045 | | | | 806 | |
Egypt (Arab Republic of) 5.625% 4/16/2030 | | | 775 | | | | 471 | |
Electricité de France SA 2.625% junior subordinated perpetual bonds (5-year EUR Mid-Swap + 2.86% on 6/1/2028)1 | | | 12,400 | | | | 10,952 | |
Equinix, Inc. 0.25% 3/15/2027 | | | 5,995 | | | | 5,703 | |
Equinor ASA 1.375% 5/22/2032 | | | 1,041 | | | | 945 | |
Estonia (Republic of) 4.00% 10/12/2032 | | | 1,010 | | | | 1,134 | |
European Financial Stability Facility 0.40% 2/17/2025 | | | 26,000 | | | | 26,979 | |
European Investment Bank 0% 1/14/2031 | | | 2,020 | | | | 1,757 | |
European Investment Bank 0.25% 1/20/2032 | | | 39,400 | | | | 34,101 | |
European Investment Bank 1.50% 6/15/2032 | | | 6,160 | | | | 5,929 | |
European Union 0% 11/4/2025 | | | 350 | | | | 354 | |
European Union 0% 3/4/2026 | | | 3,590 | | | | 3,593 | |
European Union 0% 7/6/2026 | | | 12,700 | | | | 12,583 | |
European Union 0.25% 10/22/2026 | | | 4,945 | | | | 4,895 | |
European Union 0% 6/2/2028 | | | 19,680 | | | | 18,474 | |
European Union 0% 10/4/2028 | | | 800 | | | | 743 | |
European Union 0% 7/4/2031 | | | 4,680 | | | | 4,029 | |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Euros (continued) | | | | | | | | |
European Union 0% 7/4/2035 | | EUR | 1,355 | | | $ | 1,021 | |
European Union 0.20% 6/4/2036 | | | 11,650 | | | | 8,762 | |
European Union 2.625% 2/4/2048 | | | 400 | | | | 394 | |
Finland (Republic of) 3.00% 9/15/2033 | | | 20,400 | | | | 22,265 | |
Finland (Republic of) 2.75% 4/15/2038 | | | 2,500 | | | | 2,606 | |
French Republic O.A.T. 0.50% 5/25/2025 | | | 4,860 | | | | 5,034 | |
French Republic O.A.T. 0% 2/25/2027 | | | 2,000 | | | | 1,961 | |
French Republic O.A.T. 0.75% 2/25/2028 | | | 22,000 | | | | 21,772 | |
French Republic O.A.T. 0% 11/25/2030 | | | 75,900 | | | | 67,307 | |
French Republic O.A.T. 0% 11/25/2031 | | | 1,020 | | | | 879 | |
French Republic O.A.T. 2.00% 11/25/2032 | | | 24,675 | | | | 24,958 | |
French Republic O.A.T. 1.25% 5/25/2034 | | | 6,500 | | | | 5,956 | |
French Republic O.A.T. 0.50% 5/25/2040 | | | 23,630 | | | | 16,831 | |
French Republic O.A.T. 0.50% 6/25/2044 | | | 1,370 | | | | 885 | |
French Republic O.A.T. 2.00% 5/25/2048 | | | 1,340 | | | | 1,156 | |
French Republic O.A.T. 0.75% 5/25/2052 | | | 22,290 | | | | 13,252 | |
French Republic O.A.T. 3.00% 5/25/2054 | | | 16,850 | | | | 17,381 | |
French Republic O.A.T. 1.75% 5/25/2066 | | | 360 | | | | 268 | |
General Electric Co. 4.125% 9/19/20352 | | | 500 | | | | 543 | |
Germany (Federal Republic of) 2.50% 3/13/2025 | | | 40,550 | | | | 43,703 | |
Germany (Federal Republic of) 0% 10/9/2026 | | | 1,500 | | | | 1,495 | |
Germany (Federal Republic of) 0.25% 2/15/2027 | | | 6,445 | | | | 6,442 | |
Germany (Federal Republic of) 0% 4/16/2027 | | | 5 | | | | 5 | |
Germany (Federal Republic of) 0% 8/15/2030 | | | 6,550 | | | | 6,040 | |
Germany (Federal Republic of) 0% 8/15/2030 | | | 3,026 | | | | 2,795 | |
Germany (Federal Republic of) 1.70% 8/15/2032 | | | 41,105 | | | | 42,417 | |
Germany (Federal Republic of) 2.30% 2/15/2033 | | | 2,000 | | | | 2,165 | |
Germany (Federal Republic of) 1.00% 5/15/2038 | | | 6,535 | | | | 5,818 | |
Germany (Federal Republic of) 2.50% 7/4/2044 | | | 2,100 | | | | 2,312 | |
Germany (Federal Republic of) 0% 8/15/2050 | | | 25,740 | | | | 15,088 | |
Germany (Federal Republic of) 0% 8/15/2050 | | | 260 | | | | 153 | |
Goldman Sachs Group, Inc. 1.00% 3/18/20332 | | | 18,270 | | | | 14,852 | |
Greece (Hellenic Republic of) 2.00% 4/22/2027 | | | 2,200 | | | | 2,276 | |
Greece (Hellenic Republic of) 3.875% 6/15/2028 | | | 132,990 | | | | 147,812 | |
Greece (Hellenic Republic of) 1.50% 6/18/2030 | | | 17,690 | | | | 16,796 | |
Greece (Hellenic Republic of) 0.75% 6/18/2031 | | | 4,900 | | | | 4,295 | |
Greece (Hellenic Republic of) 1.75% 6/18/2032 | | | 21,560 | | | | 20,205 | |
Greece (Hellenic Republic of) 4.25% 6/15/2033 | | | 11,020 | | | | 12,602 | |
Greece (Hellenic Republic of) 1.875% 1/24/2052 | | | 52,000 | | | | 36,148 | |
Honeywell International, Inc. 0.75% 3/10/2032 | | | 2,530 | | | | 2,132 | |
ING Groep NV 5.25% 11/14/2033 (3-month EUR-EURIBOR + 2.15% on 11/14/2032)1 | | | 6,100 | | | | 7,030 | |
Intesa Sanpaolo SpA 5.625% 3/8/2033 | | | 3,000 | | | | 3,269 | |
Ireland (Republic of) 0.20% 5/15/2027 | | | 30 | | | | 29 | |
Ireland (Republic of) 0.20% 10/18/2030 | | | 8,320 | | | | 7,542 | |
Ireland (Republic of) 0% 10/18/2031 | | | 23,290 | | | | 20,229 | |
Ireland (Republic of) 1.30% 5/15/2033 | | | 2,480 | | | | 2,345 | |
Ireland (Republic of) 3.00% 10/18/2043 | | | 13,990 | | | | 15,017 | |
Ireland (Republic of) 1.50% 5/15/2050 | | | 3,290 | | | | 2,528 | |
Israel (State of) 2.875% 1/29/2024 | | | 7,700 | | | | 8,341 | |
Italy (Republic of) 0.85% 1/15/2027 | | | 12,395 | | | | 12,262 | |
Italy (Republic of) 0.25% 3/15/2028 | | | 13,320 | | | | 12,394 | |
Italy (Republic of) 2.80% 12/1/2028 | | | 28,044 | | | | 29,267 | |
Italy (Republic of) 1.35% 4/1/2030 | | | 690 | | | | 645 | |
Italy (Republic of) 1.65% 12/1/2030 | | | 10,580 | | | | 9,931 | |
Italy (Republic of) 1.45% 3/1/2036 | | | 2,200 | | | | 1,777 | |
Italy (Republic of) 1.80% 3/1/2041 | | | 390 | | | | 299 | |
Italy (Republic of) 4.45% 9/1/2043 | | | 1,770 | | | | 1,964 | |
Italy (Republic of) 2.15% 9/1/2052 | | | 2,770 | | | | 1,981 | |
Italy Buoni Poliennali Del Tesoro 0.90% 4/1/2031 | | | 50,620 | | | | 44,494 | |
KfW 0.125% 6/30/2025 | | | 4,585 | | | | 4,690 | |
KfW 0% 12/15/2027 | | | 1,081 | | | | 1,028 | |
Lithuania (Republic of) 3.875% 6/14/2033 | | | 2,000 | | | | 2,199 | |
Lloyds Banking Group PLC 1.75% 9/7/2028 (5-year EUR-EURIBOR + 1.30% on 9/7/2023)1 | | | 12,400 | | | | 13,430 | |
Luxembourg (Grand Duchy of) 0% 9/14/2032 | | | 271 | | | | 226 | |
Mastercard, Inc. 1.00% 2/22/2029 | | | 1,425 | | | | 1,361 | |
Medtronic Global Holdings SCA 1.125% 3/7/2027 | | | 3,020 | | | | 3,003 | |
Medtronic Global Holdings SCA 1.00% 7/2/2031 | | | 7,720 | | | | 6,854 | |
Medtronic Global Holdings SCA 1.375% 10/15/2040 | | | 1,095 | | | | 802 | |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Euros (continued) | | | | | | | | |
Morgan Stanley 2.103% 5/8/2026 (3-month EUR-EURIBOR + 0.904% on 5/8/2025)1 | | EUR | 4,740 | | | $ | 4,938 | |
Morgan Stanley 2.95% 5/7/2032 (3-month EUR-EURIBOR + 1.245% on 5/7/2031)1 | | | 12,730 | | | | 12,558 | |
Morgan Stanley 5.148% 1/25/2034 (3-month EUR-EURIBOR + 1.954% on 1/25/2033)1 | | | 6,093 | | | | 6,977 | |
Morocco (Kingdom of) 1.50% 11/27/2031 | | | 8,895 | | | | 7,240 | |
Nasdaq, Inc. 4.50% 2/15/2032 | | | 880 | | | | 973 | |
NatWest Group PLC 0.78% 2/26/2030 (3-month EUR-EURIBOR + 0.949% on 2/26/2029)1 | | | 8,365 | | | | 7,286 | |
Netflix, Inc. 3.625% 5/15/2027 | | | 3,800 | | | | 4,055 | |
Netflix, Inc. 3.875% 11/15/20292 | | | 3,800 | | | | 4,049 | |
Orange 2.00% 1/15/2029 | | | 400 | | | | 404 | |
Philip Morris International, Inc. 0.80% 8/1/2031 | | | 4,800 | | | | 3,977 | |
Philippines (Republic of) 0.70% 2/3/2029 | | | 3,480 | | | | 3,164 | |
Portuguese Republic 2.125% 10/17/2028 | | | 2,280 | | | | 2,389 | |
Portuguese Republic 1.95% 6/15/2029 | | | 60 | | | | 62 | |
Portuguese Republic 0.475% 10/18/2030 | | | 9,770 | | | | 8,914 | |
Portuguese Republic 1.65% 7/16/2032 | | | 960 | | | | 928 | |
Portuguese Republic 3.50% 6/18/2038 | | | 21,170 | | | | 23,121 | |
Portuguese Republic 1.15% 4/11/2042 | | | 830 | | | | 618 | |
Portuguese Republic 1.00% 4/12/2052 | | | 310 | | | | 186 | |
Prologis Euro Finance, LLC 4.25% 1/31/2043 | | | 2,000 | | | | 2,023 | |
Public Storage 0.50% 9/9/2030 | | | 2,490 | | | | 2,108 | |
Quebec (Province of) 0.25% 5/5/2031 | | | 5,980 | | | | 5,150 | |
Quebec (Province of) 0.50% 1/25/2032 | | | 9,030 | | | | 7,767 | |
Romania 3.624% 5/26/2030 | | | 20,870 | | | | 20,012 | |
Serbia (Republic of) 1.50% 6/26/2029 | | | 4,353 | | | | 3,682 | |
Serbia (Republic of) 2.05% 9/23/2036 | | | 11,570 | | | | 7,775 | |
Shell International Finance BV 1.50% 4/7/2028 | | | 3,350 | | | | 3,315 | |
Spain (Kingdom of) 2.75% 10/31/2024 | | | 17,030 | | | | 18,418 | |
Spain (Kingdom of) 0% 1/31/2027 | | | 14,425 | | | | 14,012 | |
Spain (Kingdom of) 0.80% 7/30/2027 | | | 13,890 | | | | 13,753 | |
Spain (Kingdom of) 1.40% 7/30/2028 | | | 6,735 | | | | 6,730 | |
Spain (Kingdom of) 1.45% 4/30/2029 | | | 10,215 | | | | 10,116 | |
Spain (Kingdom of) 1.25% 10/31/2030 | | | 2,762 | | | | 2,625 | |
Spain (Kingdom of) 0.50% 10/31/2031 | | | 5,903 | | | | 5,150 | |
Spain (Kingdom of) 0.70% 4/30/2032 | | | 4,145 | | | | 3,634 | |
Spain (Kingdom of) 3.15% 4/30/2033 | | | 9,330 | | | | 9,979 | |
Spain (Kingdom of) 3.55% 10/31/2033 | | | 31,710 | | | | 34,919 | |
Spain (Kingdom of) 1.85% 7/30/2035 | | | 260 | | | | 238 | |
Spain (Kingdom of) 3.90% 7/30/2039 | | | 2,350 | | | | 2,620 | |
Spain (Kingdom of) 1.00% 7/30/2042 | | | 690 | | | | 474 | |
Spain (Kingdom of) 3.45% 7/30/2043 | | | 580 | | | | 601 | |
Spain (Kingdom of) 2.70% 10/31/2048 | | | 4,700 | | | | 4,226 | |
Spain (Kingdom of) 1.00% 10/31/2050 | | | 1,000 | | | | 584 | |
Spain (Kingdom of) 1.90% 10/31/2052 | | | 2,340 | | | | 1,690 | |
Spain (Kingdom of) 1.45% 10/31/2071 | | | 200 | | | | 106 | |
State Grid Overseas Investment (2016), Ltd. 1.375% 5/2/2025 | | | 2,050 | | | | 2,121 | |
State Grid Overseas Investment (2016), Ltd. 2.125% 5/2/2030 | | | 800 | | | | 760 | |
Stellantis NV 0.75% 1/18/2029 | | | 1,500 | | | | 1,370 | |
Stellantis NV 1.25% 6/20/2033 | | | 3,000 | | | | 2,467 | |
Stryker Corp. 0.25% 12/3/2024 | | | 2,580 | | | | 2,671 | |
Stryker Corp. 0.75% 3/1/2029 | | | 5,230 | | | | 4,830 | |
Stryker Corp. 1.00% 12/3/2031 | | | 2,410 | | | | 2,083 | |
Takeda Pharmaceutical Co., Ltd. 0.75% 7/9/2027 | | | 3,230 | | | | 3,125 | |
The Wellcome Trust, Ltd. 1.125% 1/21/2027 | | | 3,000 | | | | 2,994 | |
Thermo Fisher Scientific (Finance I) BV 0.80% 10/18/2030 | | | 913 | | | | 817 | |
Thermo Fisher Scientific (Finance I) BV 1.625% 10/18/2041 | | | 530 | | | | 398 | |
TotalEnergies Capital International SA 1.491% 9/4/2030 | | | 2,200 | | | | 2,085 | |
TotalEnergies SE 1.75% junior subordinated perpetual bonds (5-year EUR-EURIBOR + 1.765% on 4/4/2024)1 | | | 7,500 | | | | 7,934 | |
Tunisia (Republic of) 5.625% 2/17/2024 | | | 17,848 | | | | 16,181 | |
Tunisia (Republic of) 6.375% 7/15/2026 | | | 9,500 | | | | 6,051 | |
Ukraine 6.75% 6/20/2028 | | | 13,243 | | | | 3,123 | |
Ukraine 4.375% 1/27/20323 | | | 15,050 | | | | 3,610 | |
Verizon Communications, Inc. 0.375% 3/22/2029 | | | 12,350 | | | | 11,078 | |
Verizon Communications, Inc. 1.25% 4/8/2030 | | | 6,000 | | | | 5,505 | |
Verizon Communications, Inc. 4.25% 10/31/2030 | | | 470 | | | | 520 | |
Verizon Communications, Inc. 0.75% 3/22/2032 | | | 6,025 | | | | 5,035 | |
Verizon Communications, Inc. 4.75% 10/31/2034 | | | 540 | | | | 618 | |
Visa, Inc. 1.50% 6/15/2026 | | | 1,765 | | | | 1,808 | |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Euros (continued) | | | | | | | | |
Visa, Inc. 2.00% 6/15/2029 | | EUR | 2,430 | | | $ | 2,457 | |
Volkswagen Financial Services Aktiengesellschaft 1.375% 10/16/2023 | | | 5,480 | | | | 5,935 | |
Zurich Finance Ireland DAC, junior subordinated, 1.875% 9/17/2050 (3-month EUR-LIBOR + 2.95% on 9/17/2050)1 | | | 2,000 | | | | 1,749 | |
| | | | | | | 1,626,316 | |
| | | | | | | | |
Japanese yen 6.94% | | | | | | | | |
Banque Federative du Credit Mutuel 0.443% 10/12/2023 | | JPY | 100,000 | | | | 693 | |
BPCE 0.645% 7/12/2023 | | | 1,500,000 | | | | 10,395 | |
Hungary (Republic of) 0.52% 9/15/2023 | | | 200,000 | | | | 1,386 | |
Indonesia (Republic of) 1.13% 7/7/2023 | | | 1,100,000 | | | | 7,624 | |
Japan, Series 17, 0.10% 9/10/20234 | | | 1,534,560 | | | | 10,725 | |
Japan, Series 18, 0.10% 3/10/20244 | | | 2,698,620 | | | | 19,076 | |
Japan, Series 341, 0.30% 12/20/2025 | | | 1,567,450 | | | | 10,964 | |
Japan, Series 21, 0.10% 3/10/20264 | | | 1,603,155 | | | | 11,644 | |
Japan, Series 346, 0.10% 3/20/2027 | | | 2,907,900 | | | | 20,256 | |
Japan, Series 347, 0.10% 6/20/2027 | | | 1,000,000 | | | | 6,965 | |
Japan, Series 23, 0.10% 3/10/20284 | | | 7,535,744 | | | | 55,097 | |
Japan, Series 24, 0.10% 3/10/20294 | | | 655,242 | | | | 4,825 | |
Japan, Series 26, 0.005% 3/10/20314 | | | 2,523,674 | | | | 18,801 | |
Japan, Series 362, 0.10% 3/20/2031 | | | 4,272,600 | | | | 29,262 | |
Japan, Series 363, 0.10% 6/20/2031 | | | 850,000 | | | | 5,812 | |
Japan, Series 152, 1.20% 3/20/2035 | | | 9,723,300 | | | | 72,340 | |
Japan, Series 161, 0.60% 6/20/2037 | | | 2,535,250 | | | | 17,367 | |
Japan, Series 162, 0.60% 9/20/2037 | | | 10,420,000 | | | | 71,237 | |
Japan, Series 173, 0.40% 6/20/2040 | | | 462,750 | | | | 2,970 | |
Japan, Series 176, 0.50% 3/20/2041 | | | 741,900 | | | | 4,794 | |
Japan, Series 182, 1.10% 9/20/2042 | | | 10,052,150 | | | | 71,240 | |
Japan, Series 53, 0.60% 12/20/2046 | | | 971,800 | | | | 6,047 | |
Japan, Series 37, 0.60% 6/20/2050 | | | 5,218,850 | | | | 31,016 | |
Japan, Series 70, 0.70% 3/20/2051 | | | 2,521,150 | | | | 15,278 | |
Japan, Series 73, 0.70% 12/20/2051 | | | 6,733,600 | | | | 40,615 | |
Japan, Series 74, 1.00% 3/20/2052 | | | 1,353,400 | | | | 8,823 | |
Japan, Series 76, 1.40% 9/20/2052 | | | 6,346,600 | | | | 45,617 | |
Japan, Series 77, 1.60% 12/20/2052 | | | 1,516,250 | | | | 11,414 | |
Philippines (Republic of) 0.001% 4/12/2024 | | | 5,700,000 | | | | 39,305 | |
Société Générale 0.804% 10/12/2023 | | | 100,000 | | | | 692 | |
Tunisia (Republic of) 3.28% 8/9/2027 | | | 700,000 | | | | 2,218 | |
| | | | | | | 654,498 | |
| | | | | | | | |
Chinese yuan renminbi 4.33% | | | | | | | | |
China (People’s Republic of), Series INBK, 2.36% 7/2/2023 | | CNY | 3,710 | | | | 511 | |
China (People’s Republic of), Series INBK, 2.26% 2/24/2025 | | | 7,680 | | | | 1,058 | |
China (People’s Republic of), Series INBK, 1.99% 4/9/2025 | | | 20,000 | | | | 2,743 | |
China (People’s Republic of), Series INBK, 2.69% 8/12/2026 | | | 99,400 | | | | 13,831 | |
China (People’s Republic of), Series INBK, 2.44% 10/15/2027 | | | 150,000 | | | | 20,646 | |
China (People’s Republic of), Series 1906, 3.29% 5/23/2029 | | | 142,000 | | | | 20,381 | |
China (People’s Republic of), Series 1915, 3.13% 11/21/2029 | | | 75,090 | | | | 10,647 | |
China (People’s Republic of), Series INBK, 3.02% 5/27/2031 | | | 18,000 | | | | 2,540 | |
China (People’s Republic of), Series INBK, 2.75% 2/17/2032 | | | 401,350 | | | | 55,351 | |
China (People’s Republic of), Series INBK, 2.88% 2/25/2033 | | | 146,680 | | | | 20,543 | |
China (People’s Republic of), Series 1910, 3.86% 7/22/2049 | | | 434,370 | | | | 67,973 | |
China (People’s Republic of), Series INBK, 3.39% 3/16/2050 | | | 16,400 | | | | 2,377 | |
China (People’s Republic of), Series INBK, 3.81% 9/14/2050 | | | 338,630 | | | | 52,737 | |
China (People’s Republic of), Series INBK, 3.72% 4/12/2051 | | | 12,000 | | | | 1,845 | |
China (People’s Republic of), Series INBK, 3.53% 10/18/2051 | | | 237,360 | | | | 35,362 | |
China (People’s Republic of), Series INBK, 3.32% 4/15/2052 | | | 3,790 | | | | 545 | |
China Development Bank Corp., Series 2008, 2.89% 6/22/2025 | | | 258,050 | | | | 35,892 | |
China Development Bank Corp., Series 1904, 3.68% 2/26/2026 | | | 95,130 | | | | 13,510 | |
China Development Bank Corp., Series 1909, 3.50% 8/13/2026 | | | 48,800 | | | | 6,925 | |
China Development Bank Corp., Series 2004, 3.43% 1/14/2027 | | | 57,380 | | | | 8,136 | |
China Development Bank Corp., Series 1805, 4.88% 2/9/2028 | | | 232,310 | | | | 35,060 | |
| | | | | | | 408,613 | |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
British pounds 3.91% | | | | | | | | |
Abertis Infraestructuras, SA 3.375% 11/27/2026 | | GBP | 4,500 | | | $ | 5,086 | |
Asian Development Bank 1.125% 6/10/2025 | | | 2,860 | | | | 3,321 | |
Comcast Corp. 1.50% 2/20/2029 | | | 600 | | | | 607 | |
Comcast Corp. 1.875% 2/20/2036 | | | 400 | | | | 340 | |
Fiserv, Inc. 2.25% 7/1/2025 | | | 150 | | | | 175 | |
HSBC Holdings PLC 3.00% 5/29/2030 (1-year EUR Annual (vs. 6-month GBP-LIBOR) + 1.77% on 5/29/2029)1 | | | 5,605 | | | | 5,784 | |
KfW 1.125% 7/4/2025 | | | 6,625 | | | | 7,672 | |
Lloyds Bank PLC 7.625% 4/22/2025 | | | 450 | | | | 577 | |
Nestle Finance International 2.25% 11/30/2023 | | | 400 | | | | 501 | |
Quebec (Province of) 2.25% 9/15/2026 | | | 18,480 | | | | 21,089 | |
United Kingdom 0.625% 6/7/2025 | | | 2,100 | | | | 2,443 | |
United Kingdom 0.125% 1/30/2026 | | | 9,370 | | | | 10,495 | |
United Kingdom 1.25% 7/22/2027 | | | 52,590 | | | | 58,017 | |
United Kingdom 4.25% 12/7/2027 | | | 9,590 | | | | 11,888 | |
United Kingdom 1.625% 10/22/2028 | | | 2,670 | | | | 2,912 | |
United Kingdom 0.875% 10/22/2029 | | | 660 | | | | 672 | |
United Kingdom 0.375% 10/22/2030 | | | 26,030 | | | | 24,796 | |
United Kingdom 0.25% 7/31/2031 | | | 32,480 | | | | 29,788 | |
United Kingdom 1.00% 1/31/2032 | | | 70,490 | | | | 68,093 | |
United Kingdom 4.25% 6/7/2032 | | | 24,330 | | �� | | 30,744 | |
United Kingdom 0.625% 7/31/2035 | | | 1,708 | | | | 1,403 | |
United Kingdom 1.75% 9/7/2037 | | | 8,230 | | | | 7,473 | |
United Kingdom 3.75% 1/29/2038 | | | 19,800 | | | | 23,081 | |
United Kingdom 3.25% 1/22/2044 | | | 10,110 | | | | 10,683 | |
United Kingdom 3.50% 1/22/2045 | | | 4,905 | | | | 5,361 | |
United Kingdom 0.875% 1/31/2046 | | | 1,830 | | | | 1,145 | |
United Kingdom 0.625% 10/22/2050 | | | 1,190 | | | | 614 | |
United Kingdom 1.25% 7/31/2051 | | | 39,874 | | | | 25,112 | |
United Kingdom 1.50% 7/31/2053 | | | 200 | | | | 133 | |
United Kingdom 3.75% 10/22/2053 | | | 3,110 | | | | 3,512 | |
United Kingdom 0.50% 10/22/2061 | | | 3,470 | | | | 1,397 | |
United Kingdom 1.125% 10/22/2073 | | | 1,770 | | | | 877 | |
Vodafone Group PLC 5.625% 12/4/2025 | | | 540 | | | | 675 | |
Volkswagen Financial Services NV 0.875% 2/20/2025 | | | 1,000 | | | | 1,157 | |
Volkswagen International Finance NV 3.375% 11/16/2026 | | | 700 | | | | 796 | |
| | | | | | | 368,419 | |
| | | | | | | | |
Brazilian reais 2.86% | | | | | | | | |
Brazil (Federative Republic of) 0% 10/1/2023 | | BRL | 418,489 | | | | 84,631 | |
Brazil (Federative Republic of) 0% 1/1/2024 | | | 568,149 | | | | 111,726 | |
Brazil (Federative Republic of) 0% 7/1/2025 | | | 26,472 | | | | 4,542 | |
Brazil (Federative Republic of) 10.00% 1/1/2027 | | | 6,665 | | | | 1,384 | |
Brazil (Federative Republic of) 10.00% 1/1/2029 | | | 46,200 | | | | 9,443 | |
Brazil (Federative Republic of) 10.00% 1/1/2031 | | | 3,500 | | | | 711 | |
Brazil (Federative Republic of) 10.00% 1/1/2033 | | | 20,216 | | | | 4,071 | |
Brazil (Federative Republic of) 6.00% 8/15/20404 | | | 11,223 | | | | 2,502 | |
Brazil (Federative Republic of) 6.00% 8/15/20504 | | | 215,809 | | | | 48,416 | |
Brazilian Government International Bond 6.00% 8/15/20604 | | | 11,223 | | | | 2,546 | |
| | | | | | | 269,972 | |
| | | | | | | | |
Canadian dollars 2.44% | | | | | | | | |
AT&T, Inc. 5.10% 11/25/2048 | | CAD | 400 | | | | 276 | |
Canada 0.75% 10/1/2024 | | | 65,050 | | | | 46,730 | |
Canada 2.25% 6/1/2025 | | | 92,350 | | | | 66,908 | |
Canada 3.50% 3/1/2028 | | | 129,139 | | | | 96,743 | |
Canada 4.00% 6/1/2041 | | | 1,725 | | | | 1,438 | |
Canada 3.50% 12/1/2045 | | | 2,970 | | | | 2,357 | |
Canada 2.75% 12/1/2048 | | | 22,100 | | | | 15,556 | |
| | | | | | | 230,008 | |
| | | | | | | | |
Mexican pesos 2.00% | | | | | | | | |
América Móvil, SAB de CV 9.50% 1/27/2031 | | MXN | 457,610 | | | | 26,489 | |
América Móvil, SAB de CV, 8.46% 12/18/2036 | | | 15,000 | | | | 782 | |
Petroleos Mexicanos 7.19% 9/12/2024 | | | 454,379 | | | | 24,625 | |
United Mexican States 0% 10/3/2024 | | | 49,611 | | | | 2,545 | |
United Mexican States 4.50% 12/4/20254 | | | 565,745 | | | | 32,215 | |
United Mexican States, Series M, 7.50% 6/3/2027 | | | 23,344 | | | | 1,298 | |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Mexican pesos (continued) | | | | | | | | |
United Mexican States, Series M20, 8.50% 5/31/2029 | | MXN | 136,880 | | | $ | 7,925 | |
United Mexican States, Series M, 7.75% 5/29/2031 | | | 646,429 | | | | 35,741 | |
United Mexican States, Series M, 7.50% 5/26/2033 | | | 23,000 | | | | 1,238 | |
United Mexican States, Series M, 7.75% 11/23/2034 | | | 10,600 | | | | 579 | |
United Mexican States, Series M, 8.00% 11/7/2047 | | | 101,421 | | | | 5,418 | |
United Mexican States, Series M, 8.00% 7/31/2053 | | | 934,110 | | | | 49,526 | |
| | | | | | | 188,381 | |
| | | | | | | | |
Australian dollars 1.75% | | | | | | | | |
Australia (Commonwealth of), Series 157, 1.50% 6/21/2031 | | AUD | 40,000 | | | | 22,130 | |
Australia (Commonwealth of), Series 166, 3.00% 11/21/2033 | | | 80,580 | | | | 49,019 | |
Australia (Commonwealth of), Series 167, 3.75% 5/21/2034 | | | 126,305 | | | | 81,987 | |
Australia (Commonwealth of), Series 168, 3.50% 12/21/2034 | | | 18,000 | | | | 11,379 | |
Suncorp Group, Ltd. (3-month AUD-BBSW + 2.65%) 6.665% 12/1/20385 | | | 450 | | | | 303 | |
| | | | | | | 164,818 | |
| | | | | | | | |
South Korean won 1.57% | | | | | | | | |
South Korea (Republic of), Series 2712, 2.375% 12/10/2027 | | KRW | 28,587,150 | | | | 20,551 | |
South Korea (Republic of), Series 3106, 2.00% 6/10/2031 | | | 21,008,450 | | | | 14,076 | |
South Korea (Republic of), Series 3212, 4.25% 12/10/2032 | | | 140,761,140 | | | | 111,473 | |
South Korea (Republic of), Series 6809, 2.00% 9/10/2068 | | | 3,700,000 | | | | 1,764 | |
| | | | | | | 147,864 | |
| | | | | | | | |
Indonesian rupiah 1.56% | | | | | | | | |
Indonesia (Republic of), Series 81, 6.50% 6/15/2025 | | IDR | 108,958,000 | | | | 7,356 | |
Indonesia (Republic of), Series 59, 7.00% 5/15/2027 | | | 57,601,000 | | | | 3,981 | |
Indonesia (Republic of), Series 64, 6.125% 5/15/2028 | | | 167,257,000 | | | | 11,218 | |
Indonesia (Republic of), Series 95, 6.375% 8/15/2028 | | | 231,995,000 | | | | 15,795 | |
Indonesia (Republic of), Series 71, 9.00% 3/15/2029 | | | 170,772,000 | | | | 13,024 | |
Indonesia (Republic of), Series 78, 8.25% 5/15/2029 | | | 872,110,000 | | | | 64,199 | |
Indonesia (Republic of), Series 91, 6.375% 4/15/2032 | | | 49,957,000 | | | | 3,349 | |
Indonesia (Republic of), Series 96, 7.00% 2/15/2033 | | | 150,000,000 | | | | 10,534 | |
Indonesia (Republic of), Series 65, 6.625% 5/15/2033 | | | 10,000,000 | | | | 679 | |
Indonesia (Republic of), Series 68, 8.375% 3/15/2034 | | | 143,268,000 | | | | 11,009 | |
Indonesia (Republic of), Series 79, 8.375% 4/15/2039 | | | 43,000,000 | | | | 3,349 | |
Indonesia (Republic of) 7.125% 6/15/2042 | | | 38,000,000 | | | | 2,655 | |
| | | | | | | 147,148 | |
| | | | | | | | |
Colombian pesos 1.15% | | | | | | | | |
Colombia (Republic of), Series B, 5.75% 11/3/2027 | | COP | 43,717,800 | | | | 9,028 | |
Colombia (Republic of), Series B, 7.00% 3/26/2031 | | | 289,234,800 | | | | 58,505 | |
Colombia (Republic of), Series B, 7.00% 6/30/2032 | | | 643,700 | | | | 127 | |
Colombia (Republic of), Series B, 13.25% 2/9/2033 | | | 72,151,500 | | | | 20,306 | |
Colombia (Republic of), Series B, 7.25% 10/18/2034 | | | 13,691,600 | | | | 2,650 | |
Colombia (Republic of), Series B, 9.25% 5/28/2042 | | | 1,374,400 | | | | 295 | |
Colombia (Republic of), Series B, 7.25% 10/26/2050 | | | 101,696,300 | | | | 17,329 | |
| | | | | | | 108,240 | |
| | | | | | | | |
Danish kroner 0.59% | | | | | | | | |
Nykredit Realkredit AS, Series 01E, 2.00% 7/1/20376 | | DKK | 15,565 | | | | 2,053 | |
Nykredit Realkredit AS, Series 01E, 1.50% 10/1/20406 | | | 94,722 | | | | 11,761 | |
Nykredit Realkredit AS, Series 01E, 0.50% 10/1/20436 | | | 232,875 | | | | 25,724 | |
Nykredit Realkredit AS, Series 01E, 2.50% 10/1/20476 | | | 7,192 | | | | 923 | |
Nykredit Realkredit AS, Series CCE, 1.00% 10/1/20506 | | | 52,050 | | | | 5,497 | |
Nykredit Realkredit AS, Series 01E, 1.00% 10/1/20536 | | | 72,468 | | | | 7,549 | |
Realkredit Danmark AS 1.00% 10/1/20536 | | | 19,736 | | | | 2,053 | |
| | | | | | | 55,560 | |
| | | | | | | | |
South African rand 0.50% | | | | | | | | |
South Africa (Republic of), Series R-2030, 8.00% 1/31/2030 | | ZAR | 147,317 | | | | 6,917 | |
South Africa (Republic of), Series R-2032, 8.25% 3/31/2032 | | | 41,952 | | | | 1,874 | |
South Africa (Republic of), Series R-2035, 8.875% 2/28/2035 | | | 662,620 | | | | 28,862 | |
South Africa (Republic of), Series R-2037, 8.50% 1/31/2037 | | | 27,171 | | | | 1,104 | |
South Africa (Republic of), Series R-2040, 9.00% 1/31/2040 | | | 33,946 | | | | 1,388 | |
South Africa (Republic of), Series R-214, 6.50% 2/28/2041 | | | 15,200 | | | | 479 | |
South Africa (Republic of), Series R-2048, 8.75% 2/28/2048 | | | 169,127 | | | | 6,523 | |
| | | | | | | 47,147 | |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
New Zealand dollars 0.29% | | | | | | | | |
New Zealand 4.50% 5/15/2030 | | NZD | 43,896 | | | $ | 26,814 | |
New Zealand 2.00% 5/15/2032 | | | 1,350 | | | | 674 | |
| | | | | | | 27,488 | |
| | | | | | | | |
Peruvian nuevos soles 0.18% | | | | | | | | |
Peru (Republic of) 5.94% 2/12/2029 | | PEN | 4,217 | | | | 1,140 | |
Peru (Republic of) 6.15% 8/12/2032 | | | 58,190 | | | | 15,329 | |
Peru (Republic of) 6.90% 8/12/2037 | | | 907 | | | | 247 | |
Peru (Republic of) 6.85% 2/12/2042 | | | 929 | | | | 251 | |
| | | | | | | 16,967 | |
| | | | | | | | |
Malaysian ringgits 0.17% | | | | | | | | |
Malaysia (Federation of), Series 0116, 3.80% 8/17/2023 | | MYR | 10,770 | | | | 2,306 | |
Malaysia (Federation of), Series 0319, 3.478% 6/14/2024 | | | 4,834 | | | | 1,037 | |
Malaysia (Federation of), Series 0120, 3.422% 9/30/2027 | | | 5,643 | | | | 1,199 | |
Malaysia (Federation of), Series 0417, 3.899% 11/16/2027 | | | 12,000 | | | | 2,597 | |
Malaysia (Federation of), Series 0220, 2.632% 4/15/2031 | | | 1,426 | | | | 280 | |
Malaysia (Federation of), Series 0415, 4.254% 5/31/2035 | | | 6,900 | | | | 1,502 | |
Malaysia (Federation of), Series 0317, 4.762% 4/7/2037 | | | 12,630 | | | | 2,890 | |
Malaysia (Federation of), Series 0219, 4.467% 9/15/2039 | | | 8,000 | | | | 1,778 | |
Malaysia (Federation of), Series 0519, 3.757% 5/22/2040 | | | 10,030 | | | | 2,046 | |
Malaysia (Federation of), Series 0221, 4.417% 9/30/2041 | | | 1,281 | | | | 283 | |
Malaysia (Federation of), Series 0120, 4.065% 6/15/2050 | | | 2,081 | | | | 435 | |
| | | | | | | 16,353 | |
| | | | | | | | |
Czech korunas 0.14% | | | | | | | | |
Czech Republic 0.45% 10/25/2023 | | CZK | 7,390 | | | | 333 | |
Czech Republic 2.40% 9/17/2025 | | | 128,310 | | | | 5,546 | |
Czech Republic 0.25% 2/10/2027 | | | 114,650 | | | | 4,486 | |
Czech Republic 1.20% 3/13/2031 | | | 27,400 | | | | 1,001 | |
Czech Republic 1.95% 7/30/2037 | | | 37,510 | | | | 1,299 | |
Czech Republic 1.50% 4/24/2040 | | | 22,070 | | | | 666 | |
| | | | | | | 13,331 | |
| | | | | | | | |
Chilean pesos 0.13% | | | | | | | | |
Chile (Republic of) 4.70% 9/1/2030 | | CLP | 9,460,000 | | | | 11,424 | |
Chile (Republic of) 5.00% 3/1/2035 | | | 610,000 | | | | 755 | |
| | | | | | | 12,179 | |
| | | | | | | | |
Indian rupees 0.10% | | | | | | | | |
HDFC Bank, Ltd. 7.95% 9/21/2026 | | INR | 200,000 | | | | 2,454 | |
India (Republic of) 5.15% 11/9/2025 | | | 624,800 | | | | 7,320 | |
| | | | | | | 9,774 | |
| | | | | | | | |
Thai baht 0.09% | | | | | | | | |
Thailand (Kingdom of) 2.125% 12/17/2026 | | THB | 111,000 | | | | 3,134 | |
Thailand (Kingdom of) 1.00% 6/17/2027 | | | 23,949 | | | | 646 | |
Thailand (Kingdom of) 3.65% 6/20/2031 | | | 108,200 | | | | 3,325 | |
Thailand (Kingdom of) 1.60% 6/17/2035 | | | 33,446 | | | | 840 | |
Thailand (Kingdom of) 3.30% 6/17/2038 | | | 10,430 | | | | 310 | |
Thailand (Kingdom of) 2.00% 6/17/2042 | | | 12,988 | | | | 315 | |
| | | | | | | 8,570 | |
| | | | | | | | |
Polish zloty 0.07% | | | | | | | | |
Poland (Republic of), Series 1029, 2.75% 10/25/2029 | | PLN | 30,261 | | | | 6,349 | |
Poland (Republic of), Series 0432, 1.75% 4/25/2032 | | | 3,824 | | | | 687 | |
| | | | | | | 7,036 | |
| | | | | | | | |
Hungarian forints 0.07% | | | | | | | | |
Hungary (Republic of), Series C, 1.50% 8/23/2023 | | HUF | 530,500 | | | | 1,533 | |
Hungary (Republic of), Series A, 6.75% 10/22/2028 | | | 1,320,670 | | | | 3,719 | |
Hungary (Republic of) 2.00% 5/23/2029 | | | 312,710 | | | | 696 | |
Hungary (Republic of), Series 41-A, 3.00% 4/25/2041 | | | 399,780 | | | | 732 | |
| | | | | | | 6,680 | |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
Ukrainian hryvnia 0.06% | | | | | | | | |
Ukraine 10.00% 8/23/20237 | | UAH | 17,650 | | | $ | 302 | |
Ukraine 10.95% 11/1/2023 | | | 88,995 | | | | 1,498 | |
Ukraine 9.99% 5/22/2024 | | | 111,221 | | | | 1,872 | |
Ukraine 15.84% 2/26/2025 | | | 81,556 | | | | 1,487 | |
Ukraine 15.84% 2/26/20253 | | | 9,100 | | | | 166 | |
| | | | | | | 5,325 | |
| | | | | | | | |
Romanian leu 0.04% | | | | | | | | |
Romania 4.75% 2/24/2025 | | RON | 11,740 | | | | 2,522 | |
Romania 4.75% 10/11/2034 | | | 5,365 | | | | 996 | |
| | | | | | | 3,518 | |
| | | | | | | | |
Russian rubles 0.02% | | | | | | | | |
Russian Federation 7.00% 1/25/20233,7 | | RUB | 85,315 | | | | — | 8 |
Russian Federation 8.15% 2/3/20273 | | | 188,225 | | | | 1,048 | |
Russian Federation 2.50% 2/2/20283,4 | | | 35 | | | | — | 8 |
Russian Federation 7.70% 3/23/20333 | | | 102,563 | | | | 384 | |
Russian Federation 6.10% 7/18/20353 | | | 95,606 | | | | 358 | |
| | | | | | | 1,790 | |
| | | | | | | | |
Norwegian kroner 0.02% | | | | | | | | |
Norway (Kingdom of) 2.125% 5/18/2032 | | NOK | 18,660 | | | | 1,538 | |
| | | | | | | | |
U.S. dollars 44.81% | | | | | | | | |
1375209 B.C., Ltd. 9.00% 1/30/20289 | | USD | 335 | | | | 336 | |
7-Eleven, Inc. 1.30% 2/10/20289 | | | 361 | | | | 305 | |
7-Eleven, Inc. 1.80% 2/10/20319 | | | 6,811 | | | | 5,390 | |
AbbVie, Inc. 3.20% 11/21/2029 | | | 1,004 | | | | 909 | |
Abu Dhabi (Emirate of) 0.75% 9/2/20239 | | | 18,355 | | | | 18,193 | |
Abu Dhabi (Emirate of) 3.875% 4/16/2050 | | | 1,452 | | | | 1,224 | |
Adobe, Inc. 2.15% 2/1/2027 | | | 6,134 | | | | 5,638 | |
Advisor Group Holdings, Inc. 10.75% 8/1/20279 | | | 1,293 | | | | 1,303 | |
AEP Transmission Co., LLC 5.40% 3/15/2053 | | | 1,000 | | | | 1,030 | |
AerCap Ireland Capital DAC 5.75% 6/6/2028 | | | 1,645 | | | | 1,633 | |
Aeropuerto Internacional de Tocumen, SA 5.125% 8/11/20619 | | | 4,875 | | | | 3,763 | |
Aethon United BR, LP 8.25% 2/15/20269 | | | 675 | | | | 664 | |
AG Issuer, LLC 6.25% 3/1/20289 | | | 1,830 | | | | 1,745 | |
AG TTMT Escrow Issuer, LLC 8.625% 9/30/20279 | | | 602 | | | | 618 | |
AIB Group PLC 7.583% 10/14/2026 (USD-SOFR + 3.456% on 10/14/2025)1,9 | | | 7,600 | | | | 7,724 | |
Alabama Power Co. 3.00% 3/15/2052 | | | 7,280 | | | | 4,925 | |
Albertsons Companies, Inc. 3.25% 3/15/20269 | | | 200 | | | | 185 | |
Albertsons Companies, Inc. 3.50% 3/15/20299 | | | 1,185 | | | | 1,027 | |
Alliant Holdings Intermediate, LLC 6.75% 10/15/20279 | | | 1,315 | | | | 1,238 | |
Alliant Holdings Intermediate, LLC 6.75% 4/15/20289 | | | 360 | | | | 357 | |
Alliant Holdings Intermediate, LLC 5.875% 11/1/20299 | | | 765 | | | | 666 | |
Allied Universal Holdco, LLC 9.75% 7/15/20279 | | | 730 | | | | 646 | |
Allied Universal Holdco, LLC 6.00% 6/1/20299 | | | 320 | | | | 237 | |
Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/20299 | | | 400 | | | | 407 | |
Almonde, Inc., Term Loan B, (3-month USD-LIBOR + 3.50%) 9.231% 6/13/20245,10 | | | 549 | | | | 528 | |
Almonde, Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 12.405% 6/13/20255,10 | | | 775 | | | | 704 | |
Altice France Holding SA 10.50% 5/15/20279 | | | 240 | | | | 146 | |
Altice France SA 5.125% 7/15/20299 | | | 390 | | | | 277 | |
Amazon.com, Inc. 4.60% 12/1/2025 | | | 4,539 | | | | 4,505 | |
Amazon.com, Inc. 3.45% 4/13/2029 | | | 1,045 | | | | 985 | |
Amazon.com, Inc. 4.70% 12/1/2032 | | | 798 | | | | 805 | |
Amazon.com, Inc. 3.875% 8/22/2037 | | | 375 | | | | 343 | |
American Credit Acceptance Receivables Trust, Series 2022-3, Class C, 4.86% 10/13/20286,9 | | | 1,578 | | | | 1,544 | |
American Express Co. 5.043% 5/1/2034 (USD-SOFR + 1.835% on 5/1/2033)1 | | | 5,875 | | | | 5,750 | |
American Honda Finance Corp. 3.55% 1/12/2024 | | | 1,000 | | | | 989 | |
American International Group, Inc. 5.125% 3/27/2033 | | | 270 | | | | 264 | |
American International Group, Inc. 4.80% 7/10/2045 | | | 500 | | | | 445 | |
American International Group, Inc. 4.375% 6/30/2050 | | | 1,773 | | | | 1,500 | |
AmerisourceBergen Corp. 2.70% 3/15/2031 | | | 3,838 | | | | 3,265 | |
Amgen, Inc. 1.90% 2/21/2025 | | | 1,538 | | | | 1,451 | |
Amgen, Inc. 2.20% 2/21/2027 | | | 1,179 | | | | 1,072 | |
Amgen, Inc. 3.00% 2/22/2029 | | | 75 | | | | 68 | |
10 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Amgen, Inc. 4.05% 8/18/2029 | | USD | 2,275 | | | $ | 2,159 | |
Amgen, Inc. 5.25% 3/2/2030 | | | 973 | | | | 976 | |
Amgen, Inc. 2.00% 1/15/2032 | | | 397 | | | | 314 | |
Amgen, Inc. 4.20% 3/1/2033 | | | 2,525 | | | | 2,358 | |
Amgen, Inc. 5.25% 3/2/2033 | | | 10,954 | | | | 10,973 | |
Amgen, Inc. 4.875% 3/1/2053 | | | 1,409 | | | | 1,297 | |
Amgen, Inc. 5.65% 3/2/2053 | | | 9,271 | | | | 9,395 | |
AmWINS Group, Inc. 4.875% 6/30/20299 | | | 870 | | | | 787 | |
Anglo American Capital PLC 5.625% 4/1/20309 | | | 3,850 | | | | 3,837 | |
Anglo American Capital PLC 2.875% 3/17/20319 | | | 1,100 | | | | 909 | |
Angola (Republic of) 9.50% 11/12/2025 | | | 7,600 | | | | 7,446 | |
Angola (Republic of) 8.25% 5/9/2028 | | | 350 | | | | 311 | |
Angola (Republic of) 8.00% 11/26/2029 | | | 200 | | | | 170 | |
Anheuser-Busch InBev Worldwide, Inc. 4.75% 1/23/2029 | | | 6,201 | | | | 6,177 | |
Anheuser-Busch InBev Worldwide, Inc. 5.55% 1/23/2049 | | | 1,011 | | | | 1,067 | |
Anheuser-Busch InBev Worldwide, Inc. 4.50% 6/1/2050 | | | 2,644 | | | | 2,442 | |
Anywhere Real Estate Group, LLC 5.75% 1/15/20299 | | | 395 | | | | 296 | |
Anywhere Real Estate Group, LLC 5.25% 4/15/20309 | | | 345 | | | | 246 | |
Aon Corp. 2.60% 12/2/2031 | | | 1,750 | | | | 1,443 | |
Aon Corp. 5.00% 9/12/2032 | | | 1,000 | | | | 988 | |
Aon Corp. 5.35% 2/28/2033 | | | 681 | | | | 687 | |
Aon Corp. 3.90% 2/28/2052 | | | 500 | | | | 393 | |
Apache Corp. 5.10% 9/1/2040 | | | 195 | | | | 159 | |
Apache Corp. 5.35% 7/1/2049 | | | 160 | | | | 125 | |
Apple, Inc. 4.00% 5/10/2028 | | | 2,675 | | | | 2,633 | |
Apple, Inc. 4.30% 5/10/2033 | | | 2,225 | | | | 2,214 | |
Apple, Inc. 2.375% 2/8/2041 | | | 1,625 | | | | 1,200 | |
Apple, Inc. 2.70% 8/5/2051 | | | 1,450 | | | | 1,011 | |
Apple, Inc. 4.85% 5/10/2053 | | | 1,193 | | | | 1,223 | |
ARD Finance SA 6.50% Cash 6/30/20279,11 | | | 577 | | | | 469 | |
Aretec Escrow Issuer, Inc. 7.50% 4/1/20299 | | | 1,250 | | | | 1,087 | |
Argentine Republic 0.50% 7/9/2030 (0.75% on 7/9/2023)1 | | | 25,356 | | | | 8,483 | |
Argentine Republic 1.50% 7/9/2035 (3.625% on 7/9/2023)1 | | | 4,190 | | | | 1,260 | |
Asbury Automotive Group, Inc. 5.00% 2/15/20329 | | | 1,150 | | | | 1,003 | |
Ascensus, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 11.688% 8/2/20295,10 | | | 515 | | | | 463 | |
Ascent Resources Utica Holdings, LLC 8.25% 12/31/20289 | | | 592 | | | | 583 | |
Ascent Resources Utica Holdings, LLC 5.875% 6/30/20299 | | | 220 | | | | 196 | |
Ashtead Capital, Inc. 5.50% 8/11/20329 | | | 400 | | | | 387 | |
Asian Development Bank 4.125% 9/27/2024 | | | 1,025 | | | | 1,009 | |
Asian Development Bank 3.875% 9/28/2032 | | | 237 | | | | 235 | |
AssuredPartners, Inc. 7.00% 8/15/20259 | | | 470 | | | | 465 | |
AssuredPartners, Inc. 5.625% 1/15/20299 | | | 1,420 | | | | 1,230 | |
AstraZeneca Finance, LLC 1.75% 5/28/2028 | | | 2,432 | | | | 2,109 | |
AstraZeneca Finance, LLC 2.25% 5/28/2031 | | | 6,988 | | | | 5,900 | |
AstraZeneca Finance, LLC 4.875% 3/3/2033 | | | 2,433 | | | | 2,469 | |
AstraZeneca PLC 4.00% 1/17/2029 | | | 1,000 | | | | 965 | |
AstraZeneca PLC 1.375% 8/6/2030 | | | 360 | | | | 290 | |
AT&T, Inc. 2.30% 6/1/2027 | | | 1,625 | | | | 1,462 | |
AT&T, Inc. 1.65% 2/1/2028 | | | 4,206 | | | | 3,617 | |
AT&T, Inc. 2.75% 6/1/2031 | | | 10,851 | | | | 9,159 | |
AT&T, Inc. 2.25% 2/1/2032 | | | 5,900 | | | | 4,688 | |
AT&T, Inc. 2.55% 12/1/2033 | | | 800 | | | | 629 | |
AT&T, Inc. 5.40% 2/15/2034 | | | 5,086 | | | | 5,097 | |
AT&T, Inc. 3.50% 9/15/2053 | | | 1,347 | | | | 955 | |
Avantor Funding, Inc. 4.625% 7/15/20289 | | | 1,050 | | | | 974 | |
Avantor Funding, Inc. 3.875% 11/1/20299 | | | 630 | | | | 552 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class A, 5.20% 10/20/20276,9 | | | 11,562 | | | | 11,321 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/20296,9 | | | 6,513 | | | | 6,509 | |
Axiata SPV2 Berhad 2.163% 8/19/2030 | | | 251 | | | | 213 | |
B&G Foods, Inc. 5.25% 4/1/2025 | | | 410 | | | | 392 | |
B&G Foods, Inc. 5.25% 9/15/2027 | | | 1,180 | | | | 1,027 | |
Baker Hughes Holdings, LLC 4.486% 5/1/2030 | | | 2,288 | | | | 2,210 | |
Ball Corp. 6.00% 6/15/2029 | | | 630 | | | | 626 | |
Banco Santander, SA 5.147% 8/18/2025 | | | 7,000 | | | | 6,879 | |
Bangkok Bank Public Co., Ltd. 4.05% 3/19/2024 | | | 1,210 | | | | 1,194 | |
Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)1 | | | 9,080 | | | | 7,708 | |
Capital World Bond Fund | 11 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)1,9 | | USD | 290 | | | $ | 246 | |
Bank of America Corp. 1.734% 7/22/2027 (USD-SOFR + 0.96% on 7/22/2026)1 | | | 13,616 | | | | 12,164 | |
Bank of America Corp. 5.202% 4/25/2029 (USD-SOFR + 1.63% on 4/25/2028)1 | | | 1,674 | | | | 1,657 | |
Bank of America Corp. 2.496% 2/13/2031 (3-month USD CME Term SOFR + 1.252% on 2/13/2030)1 | | | 8,240 | | | | 6,903 | |
Bank of America Corp. 1.898% 7/23/2031 (USD-SOFR + 1.53% on 7/23/2030)1 | | | 5,580 | | | | 4,446 | |
Bank of America Corp. 5.015% 7/22/2033 (USD-SOFR + 2.16% on 7/22/2032)1 | | | 2,488 | | | | 2,435 | |
Bank of America Corp. 5.288% 4/25/2034 (USD-SOFR + 1.91% on 4/25/2033)1 | | | 3,136 | | | | 3,108 | |
Bank of Ireland Group PLC 6.253% 9/16/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.65% on 9/16/2025)1,9 | | | 350 | | | | 348 | |
Barclays PLC 5.304% 8/9/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.30% on 8/9/2025)1 | | | 6,200 | | | | 6,050 | |
Barclays PLC 5.501% 8/9/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.65% on 8/5/2027)1 | | | 8,500 | | | | 8,296 | |
BAT Capital Corp. 3.215% 9/6/2026 | | | 2 | | | | 2 | |
BAT Capital Corp. 4.70% 4/2/2027 | | | 775 | | | | 751 | |
BAT Capital Corp. 3.557% 8/15/2027 | | | 2,450 | | | | 2,254 | |
BAT Capital Corp. 3.462% 9/6/2029 | | | 5,900 | | | | 5,116 | |
Bath & Body Works, Inc. 6.625% 10/1/20309 | | | 565 | | | | 546 | |
Bath & Body Works, Inc. 6.875% 11/1/2035 | | | 528 | | | | 484 | |
Bausch Health Americas, Inc. 9.25% 4/1/20269 | | | 1,452 | | | | 1,225 | |
Bausch Health Americas, Inc. 8.50% 1/31/20279 | | | 45 | | | | 25 | |
Bausch Health Companies, Inc. 5.50% 11/1/20259 | | | 1,030 | | | | 911 | |
Bausch Health Companies, Inc. 9.00% 12/15/20259 | | | 175 | | | | 153 | |
Bausch Health Companies, Inc. 5.75% 8/15/20279 | | | 315 | | | | 193 | |
Bausch Health Companies, Inc. 5.00% 2/15/20299 | | | 200 | | | | 84 | |
Bausch Health Companies, Inc. 7.25% 5/30/20299 | | | 700 | | | | 298 | |
Bausch Health Companies, Inc. 5.25% 1/30/20309 | | | 200 | | | | 83 | |
Bausch Health Companies, Inc. 14.00% 10/15/20309 | | | 1,125 | | | | 675 | |
Bausch Health Companies, Inc. 5.25% 2/15/20319 | | | 1,000 | | | | 419 | |
Baxter International, Inc. 2.539% 2/1/2032 | | | 6,119 | | | | 4,960 | |
Bayer US Finance II, LLC 3.875% 12/15/20239 | | | 3,440 | | | | 3,407 | |
Becton, Dickinson and Company 2.823% 5/20/2030 | | | 975 | | | | 853 | |
Berkshire Hathaway Energy Company 4.60% 5/1/2053 | | | 740 | | | | 635 | |
Berkshire Hathaway Finance Corp. 2.875% 3/15/2032 | | | 532 | | | | 469 | |
Berkshire Hathaway Finance Corp. 3.85% 3/15/2052 | | | 770 | | | | 637 | |
BHP Billiton Finance (USA), Ltd. 4.875% 2/27/2026 | | | 2,000 | | | | 1,991 | |
BHP Billiton Finance (USA), Ltd. 4.75% 2/28/2028 | | | 1,200 | | | | 1,193 | |
BIP-V Chinook Holdco, LLC 5.50% 6/15/20319 | | | 815 | | | | 728 | |
BlackRock, Inc. 4.75% 5/25/2033 | | | 3,700 | | | | 3,639 | |
Blackstone Holdings Finance Co., LLC 5.90% 11/3/20279 | | | 1,485 | | | | 1,504 | |
Blue Racer Midstream, LLC 7.625% 12/15/20259 | | | 890 | | | | 901 | |
Bluestar Finance Holdings, Ltd. 3.10% junior subordinated perpetual bonds (3-year UST Yield Curve Rate T Note Constant Maturity + 5.634% on 7/12/2024)1 | | | 526 | | | | 510 | |
BMW Finance NV 2.40% 8/14/20249 | | | 3,000 | | | | 2,895 | |
BMW US Capital, LLC 3.15% 4/18/20249 | | | 1,277 | | | | 1,252 | |
BMW US Capital, LLC 3.90% 4/9/20259 | | | 2,500 | | | | 2,440 | |
BMW US Capital, LLC 4.15% 4/9/20309 | | | 2,500 | | | | 2,392 | |
BMW US Capital, LLC 2.55% 4/1/20319 | | | 737 | | | | 627 | |
BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028)1,9 | | | 1,200 | | | | 1,000 | |
BNP Paribas SA 2.871% 4/19/2032 (USD-SOFR + 1.387% on 4/19/2031)1,9 | | | 10,500 | | | | 8,609 | |
Boeing Co. 4.875% 5/1/2025 | | | 2,337 | | | | 2,305 | |
Boeing Co. 2.75% 2/1/2026 | | | 8,976 | | | | 8,362 | |
Boeing Co. 2.196% 2/4/2026 | | | 250 | | | | 230 | |
Boeing Co. 2.70% 2/1/2027 | | | 2,020 | | | | 1,847 | |
Boeing Co. 5.04% 5/1/2027 | | | 1,099 | | | | 1,086 | |
Boeing Co. 5.15% 5/1/2030 | | | 1,490 | | | | 1,477 | |
Boeing Co. 3.625% 2/1/2031 | | | 2,366 | | | | 2,132 | |
Boeing Co. 5.705% 5/1/2040 | | | 1,250 | | | | 1,248 | |
Boeing Co. 5.805% 5/1/2050 | | | 1,713 | | | | 1,708 | |
Bombardier, Inc. 7.125% 6/15/20269 | | | 470 | | | | 467 | |
Bombardier, Inc. 7.875% 4/15/20279 | | | 550 | | | | 549 | |
Bombardier, Inc. 6.00% 2/15/20289 | | | 510 | | | | 483 | |
Bombardier, Inc. 7.50% 2/1/20299 | | | 398 | | | | 394 | |
Booz Allen Hamilton, Inc. 3.875% 9/1/20289 | | | 330 | | | | 299 | |
Booz Allen Hamilton, Inc. 4.00% 7/1/20299 | | | 890 | | | | 798 | |
Boston Gas Co. 3.15% 8/1/20279 | | | 1,105 | | | | 1,006 | |
Boston Properties, LP 6.50% 1/15/2034 | | | 1,676 | | | | 1,688 | |
12 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Boston Scientific Corp. 3.45% 3/1/2024 | | USD | 1,217 | | | $ | 1,197 | |
Boston Scientific Corp. 2.65% 6/1/2030 | | | 1,151 | | | | 1,004 | |
Boston Scientific Corp. 4.70% 3/1/2049 | | | 119 | | | | 112 | |
Boxer Parent Co., Inc. 9.125% 3/1/20269 | | | 1,000 | | | | 997 | |
Boyd Gaming Corp. 4.75% 12/1/2027 | | | 805 | | | | 763 | |
Boyd Gaming Corp. 4.75% 6/15/20319 | | | 260 | | | | 233 | |
Boyne USA, Inc. 4.75% 5/15/20299 | | | 1,535 | | | | 1,385 | |
BP Capital Markets America, Inc. 4.893% 9/11/2033 | | | 862 | | | | 854 | |
BPCE 5.70% 10/22/20239 | | | 850 | | | | 846 | |
BPCE 2.045% 10/19/2027 (USD-SOFR + 1.087% on 10/19/2026)1,9 | | | 7,500 | | | | 6,546 | |
Brazil (Federative Republic of) 6.00% 10/20/2033 | | | 10,540 | | | | 10,439 | |
British Columbia (Province of) 4.20% 7/6/2033 | | | 8,014 | | | | 8,004 | |
Broadcom Corp. 3.875% 1/15/2027 | | | 1,667 | | | | 1,590 | |
Broadcom, Inc. 4.00% 4/15/20299 | | | 5,613 | | | | 5,188 | |
Broadcom, Inc. 4.75% 4/15/2029 | | | 1,950 | | | | 1,888 | |
Broadcom, Inc. 3.419% 4/15/20339 | | | 2,575 | | | | 2,155 | |
Broadcom, Inc. 3.469% 4/15/20349 | | | 983 | | | | 807 | |
Brookfield Property REIT, Inc. 4.50% 4/1/20279 | | | 310 | | | | 261 | |
BWX Technologies, Inc. 4.125% 6/30/20289 | | | 300 | | | | 274 | |
BWX Technologies, Inc. 4.125% 4/15/20299 | | | 685 | | | | 619 | |
BX Trust, Series 2021-VOLT, Class A, (1-month USD-LIBOR + 0.70%) 5.893% 9/15/20365,6,9 | | | 8,630 | | | | 8,361 | |
BX Trust, Series 2021-ARIA, Class A, (1-month USD-LIBOR + 0.899%) 6.092% 10/15/20365,6,9 | | | 6,464 | | | | 6,272 | |
Caesars Entertainment, Inc. 6.25% 7/1/20259 | | | 250 | | | | 249 | |
Caesars Entertainment, Inc. 8.125% 7/1/20279 | | | 575 | | | | 589 | |
Caesars Entertainment, Inc. 4.625% 10/15/20299 | | | 445 | | | | 389 | |
Caesars Entertainment, Inc. 7.00% 2/15/20309 | | | 1,722 | | | | 1,731 | |
Caesars Entertainment, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.25%) 8.452% 2/6/20305,9,10 | | | 95 | | | | 95 | |
Caisse d’Amortissement de la Dette Sociale 4.00% 1/25/20269 | | | 1,861 | | | | 1,828 | |
CaixaBank, SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028)1,9 | | | 6,825 | | | | 6,815 | |
California Resources Corp. 7.125% 2/1/20269 | | | 820 | | | | 825 | |
Callon Petroleum Co. 7.50% 6/15/20309 | | | 225 | | | | 213 | |
Canadian Natural Resources, Ltd. 2.95% 7/15/2030 | | | 10,338 | | | | 8,884 | |
Canadian Pacific Railway Co. 1.75% 12/2/2026 | | | 1,408 | | | | 1,266 | |
Canadian Pacific Railway Co. 3.10% 12/2/2051 | | | 16,770 | | | | 11,919 | |
CAN-PACK Spolka Akcyjna 3.875% 11/15/20299 | | | 255 | | | | 208 | |
Capital One Financial Corp. 5.468% 2/1/2029 (USD-SOFR + 2.08% on 2/1/2028)1 | | | 2,025 | | | | 1,941 | |
Capital One Financial Corp. 6.312% 6/8/2029 (USD-SOFR + 2.64% on 6/8/2028)1 | | | 1,275 | | | | 1,267 | |
Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033)1 | | | 400 | | | | 397 | |
Carnival Corp. 5.75% 3/1/20279 | | | 400 | | | | 369 | |
Carnival Corp. 4.00% 8/1/20289 | | | 375 | | | | 333 | |
Carnival Corp. 6.00% 5/1/20299 | | | 725 | | | | 648 | |
Carrier Global Corp. 2.493% 2/15/2027 | | | 167 | | | | 152 | |
Carrier Global Corp. 2.722% 2/15/2030 | | | 103 | | | | 89 | |
Carrier Global Corp. 3.377% 4/5/2040 | | | 989 | | | | 760 | |
Catalent Pharma Solutions, Inc. 5.00% 7/15/20279 | | | 470 | | | | 432 | |
Catalent Pharma Solutions, Inc. 3.50% 4/1/20309 | | | 585 | | | | 474 | |
CCO Holdings, LLC 5.125% 5/1/20279 | | | 800 | | | | 746 | |
CCO Holdings, LLC 4.75% 3/1/20309 | | | 495 | | | | 424 | |
CCO Holdings, LLC 4.50% 8/15/20309 | | | 713 | | | | 594 | |
CCO Holdings, LLC 4.25% 2/1/20319 | | | 920 | | | | 745 | |
CCO Holdings, LLC 4.75% 2/1/20329 | | | 725 | | | | 592 | |
CCO Holdings, LLC 4.50% 5/1/2032 | | | 10 | | | | 8 | |
CCO Holdings, LLC 4.50% 6/1/20339 | | | 850 | | | | 668 | |
CCO Holdings, LLC 4.25% 1/15/20349 | | | 475 | | | | 359 | |
CDK Global, Inc. 7.25% 6/15/20299 | | | 100 | | | | 99 | |
Cedar Fair, LP 5.50% 5/1/20259 | | | 770 | | | | 765 | |
Celanese US Holdings, LLC 6.379% 7/15/2032 | | | 1,379 | | | | 1,392 | |
Centene Corp. 4.625% 12/15/2029 | | | 1,885 | | | | 1,737 | |
CenterPoint Energy Houston Electric, LLC 3.60% 3/1/2052 | | | 1,295 | | | | 1,008 | |
Central Garden & Pet Co. 4.125% 10/15/2030 | | | 725 | | | | 608 | |
Central Garden & Pet Co. 4.125% 4/30/20319 | | | 185 | | | | 153 | |
Charles River Laboratories International, Inc. 4.25% 5/1/20289 | | | 430 | | | | 394 | |
Charles Schwab Corp. 5.853% 5/19/2034 (USD-SOFR + 2.50% on 5/19/2033)1 | | | 1,152 | | | | 1,170 | |
Charter Communications Operating, LLC 2.80% 4/1/2031 | | | 3,800 | | | | 3,059 | |
Charter Communications Operating, LLC 2.30% 2/1/2032 | | | 2,900 | | | | 2,197 | |
Charter Communications Operating, LLC 3.70% 4/1/2051 | | | 1,500 | | | | 949 | |
Capital World Bond Fund | 13 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Cheniere Energy Partners, LP 4.50% 10/1/2029 | | USD | 810 | | | $ | 744 | |
Cheniere Energy Partners, LP 4.00% 3/1/2031 | | | 425 | | | | 375 | |
Cheniere Energy Partners, LP 3.25% 1/31/2032 | | | 309 | | | | 255 | |
Chesapeake Energy Corp. 5.875% 2/1/20299 | | | 965 | | | | 918 | |
Chesapeake Energy Corp. 6.75% 4/15/20299 | | | 315 | | | | 313 | |
Chevron Corp. 1.995% 5/11/2027 | | | 1,048 | | | | 952 | |
Chevron Corp. 2.236% 5/11/2030 | | | 4,252 | | | | 3,705 | |
Chevron USA, Inc. 1.018% 8/12/2027 | | | 2,656 | | | | 2,311 | |
Chile (Republic of) 2.75% 1/31/2027 | | | 200 | | | | 186 | |
Chile (Republic of) 4.34% 3/7/2042 | | | 715 | | | | 637 | |
Chile (Republic of) 4.00% 1/31/2052 | | | 335 | | | | 274 | |
Chord Energy Corp. 6.375% 6/1/20269 | | | 330 | | | | 327 | |
CHS / Community Health Systems, Inc. 5.625% 3/15/20279 | | | 410 | | | | 362 | |
Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 6/10/20285,6,9 | | | 8,128 | | | | 8,128 | |
Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class A, 6.36% 7/10/20285,6,9 | | | 5,275 | | | | 5,372 | |
Citigroup, Inc. 0.981% 5/1/2025 (USD-SOFR + 0.669% on 5/1/2024)1 | | | 8,832 | | | | 8,454 | |
Citigroup, Inc. 3.106% 4/8/2026 (USD-SOFR + 2.842% on 3/8/2026)1 | | | 12,965 | | | | 12,385 | |
Citigroup, Inc. 1.462% 6/9/2027 (USD-SOFR + 0.67% on 6/9/2026)1 | | | 13,050 | | | | 11,594 | |
Citigroup, Inc. 2.976% 11/5/2030 (USD-SOFR + 1.422% on 11/5/2029)1 | | | 2,520 | | | | 2,186 | |
Civitas Resources, Inc. 8.375% 7/1/20289 | | | 190 | | | | 192 | |
Civitas Resources, Inc. 8.75% 7/1/20319 | | | 765 | | | | 777 | |
CK Hutchison International (20), Ltd. 3.375% 5/8/2050 | | | 250 | | | | 190 | |
CK Hutchison International (23), Ltd. 4.75% 4/21/20289 | | | 1,855 | | | | 1,835 | |
Clarios Global, LP 8.50% 5/15/20279 | | | 300 | | | | 301 | |
Clarivate Science Holdings Corp. 4.875% 7/1/20299 | | | 275 | | | | 244 | |
Clean Harbors, Inc. 5.125% 7/15/20299 | | | 200 | | | | 190 | |
Clean Harbors, Inc. 6.375% 2/1/20319 | | | 763 | | | | 768 | |
Cleveland-Cliffs, Inc. 6.75% 3/15/20269 | | | 225 | | | | 228 | |
Cleveland-Cliffs, Inc. 5.875% 6/1/2027 | | | 175 | | | | 171 | |
Cleveland-Cliffs, Inc. 4.625% 3/1/20299 | | | 143 | | | | 129 | |
Cleveland-Cliffs, Inc. 4.875% 3/1/20319 | | | 593 | | | | 522 | |
Cloud Software Group, Inc. 6.50% 3/31/20299 | | | 1,500 | | | | 1,337 | |
Cloud Software Group, Inc. 9.00% 9/30/20299 | | | 1,100 | | | | 962 | |
CNX Resources Corp. 7.25% 3/14/20279 | | | 1,035 | | | | 1,025 | |
Coca-Cola Co. 1.375% 3/15/2031 | | | 987 | | | | 791 | |
Coca-Cola Co. 2.50% 3/15/2051 | | | 710 | | | | 486 | |
Coinbase Global, Inc. 3.375% 10/1/20289 | | | 75 | | | | 50 | |
Coinbase Global, Inc. 3.625% 10/1/20319 | | | 450 | | | | 266 | |
Colombia (Republic of) 8.00% 4/20/2033 | | | 290 | | | | 295 | |
Colombia (Republic of) 7.50% 2/2/2034 | | | 615 | | | | 603 | |
Colombia (Republic of) 5.00% 6/15/2045 | | | 1,676 | | | | 1,171 | |
Colombia (Republic of) 5.20% 5/15/2049 | | | 664 | | | | 458 | |
Comcast Corp. 3.95% 10/15/2025 | | | 4,395 | | | | 4,285 | |
Comcast Corp. 4.55% 1/15/2029 | | | 2,600 | | | | 2,555 | |
Comcast Corp. 1.95% 1/15/2031 | | | 642 | | | | 526 | |
Comcast Corp. 1.50% 2/15/2031 | | | 5,500 | | | | 4,377 | |
Comcast Corp. 4.80% 5/15/2033 | | | 800 | | | | 792 | |
Comcast Corp. 2.80% 1/15/2051 | | | 101 | | | | 67 | |
Comcast Corp. 5.35% 5/15/2053 | | | 473 | | | | 481 | |
Commonwealth Bank of Australia 2.688% 3/11/20319 | | | 17,875 | | | | 14,028 | |
CommScope Technologies, LLC 6.00% 6/15/20259 | | | 877 | | | | 819 | |
CommScope, Inc. 8.25% 3/1/20279 | | | 225 | | | | 180 | |
Compass Group Diversified Holdings, LLC 5.25% 4/15/20299 | | | 2,225 | | | | 1,953 | |
Compass Group Diversified Holdings, LLC 5.00% 1/15/20329 | | | 475 | | | | 385 | |
Comstock Resources, Inc. 6.75% 3/1/20299 | | | 1,415 | | | | 1,296 | |
Comstock Resources, Inc. 5.875% 1/15/20309 | | | 340 | | | | 296 | |
Conagra Brands, Inc. 5.30% 11/1/2038 | | | 1,511 | | | | 1,453 | |
Conagra Brands, Inc. 5.40% 11/1/2048 | | | 1,411 | | | | 1,346 | |
Condor Merger Sub, Inc. 7.375% 2/15/20309 | | | 300 | | | | 261 | |
Connecticut Avenue Securities Trust, Series 2023-R04, Class 1M1, (30-day Average USD-SOFR + 2.30%) 7.367% 5/25/20435,6,9 | | | 11,637 | | | | 11,699 | |
Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) 6.967% 6/25/20435,6,9 | | | 7,552 | | | | 7,578 | |
ConocoPhillips Co. 3.80% 3/15/2052 | | | 2,275 | | | | 1,845 | |
ConocoPhillips Co. 5.30% 5/15/2053 | | | 634 | | | | 645 | |
Constellation Brands, Inc. 4.35% 5/9/2027 | | | 1,305 | | | | 1,273 | |
Constellation Brands, Inc. 2.875% 5/1/2030 | | | 839 | | | | 728 | |
14 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Constellation Brands, Inc. 2.25% 8/1/2031 | | USD | 1,859 | | | $ | 1,520 | |
Constellation Brands, Inc. 4.75% 5/9/2032 | | | 813 | | | | 789 | |
Constellation Brands, Inc. 4.90% 5/1/2033 | | | 456 | | | | 448 | |
Constellation Oil Services Holding SA 4.00% PIK 12/31/202611 | | | 2,777 | | | | 1,644 | |
Consumers Energy Co. 4.625% 5/15/2033 | | | 2,925 | | | | 2,848 | |
Consumers Energy Co. 3.25% 8/15/2046 | | | 1,162 | | | | 859 | |
Consumers Energy Co. 3.10% 8/15/2050 | | | 185 | | | | 131 | |
Consumers Energy Co. 2.65% 8/15/2052 | | | 173 | | | | 111 | |
Corebridge Financial, Inc. 3.50% 4/4/2025 | | | 157 | | | | 150 | |
Corebridge Financial, Inc. 3.65% 4/5/2027 | | | 548 | | | | 512 | |
Corebridge Financial, Inc. 3.85% 4/5/2029 | | | 746 | | | | 672 | |
Corebridge Financial, Inc. 3.90% 4/5/2032 | | | 5,980 | | | | 5,204 | |
Corebridge Financial, Inc. 4.35% 4/5/2042 | | | 162 | | | | 131 | |
Corebridge Financial, Inc. 4.40% 4/5/2052 | | | 390 | | | | 307 | |
CoreLogic, Inc. 4.50% 5/1/20289 | | | 1,165 | | | | 941 | |
CoreLogic, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 7.00% 6/4/20295,10 | | | 300 | | | | 244 | |
Corporate Office Properties, LP 2.25% 3/15/2026 | | | 1,048 | | | | 929 | |
Corporate Office Properties, LP 2.00% 1/15/2029 | | | 511 | | | | 390 | |
Corporate Office Properties, LP 2.90% 12/1/2033 | | | 1,075 | | | | 746 | |
Costa Rica (Republic of) 6.125% 2/19/20319 | | | 2,480 | | | | 2,468 | |
Covanta Holding Corp. 4.875% 12/1/20299 | | | 145 | | | | 126 | |
CPS Auto Receivables Trust, Series 2022-C, Class B, 4.88% 4/15/20306,9 | | | 2,188 | | | | 2,152 | |
Crédit Agricole SA 1.247% 1/26/2027 (USD-SOFR + 0.892% on 1/26/2026)1,9 | | | 4,588 | | | | 4,067 | |
Crescent Energy Finance, LLC 9.25% 2/15/20289 | | | 1,153 | | | | 1,120 | |
Crestwood Midstream Partners, LP 6.00% 2/1/20299 | | | 300 | | | | 280 | |
Crestwood Midstream Partners, LP 8.00% 4/1/20299 | | | 400 | | | | 406 | |
Crestwood Midstream Partners, LP 7.375% 2/1/20319 | | | 349 | | | | 344 | |
CRH America, Inc. 5.125% 5/18/20459 | | | 3,000 | | | | 2,712 | |
Crown Castle, Inc. 5.00% 1/11/2028 | | | 2,359 | | | | 2,318 | |
Crown Castle, Inc. 2.50% 7/15/2031 | | | 1,074 | | | | 883 | |
CSN Resources SA 7.625% 4/17/2026 | | | 15,856 | | | | 15,739 | |
CSX Corp. 4.25% 3/15/2029 | | | 3,355 | | | | 3,250 | |
CSX Corp. 4.10% 11/15/2032 | | | 1,000 | | | | 947 | |
CSX Corp. 2.50% 5/15/2051 | | | 289 | | | | 184 | |
Cushman & Wakefield U.S. Borrower, LLC 6.75% 5/15/20289 | | | 700 | | | | 634 | |
CVR Partners, LP 6.125% 6/15/20289 | | | 140 | | | | 122 | |
CVS Health Corp. 3.25% 8/15/2029 | | | 1,798 | | | | 1,616 | |
CVS Health Corp. 5.125% 2/21/2030 | | | 3,000 | | | | 2,981 | |
CVS Health Corp. 5.25% 2/21/2033 | | | 1,227 | | | | 1,223 | |
CVS Health Corp. 5.30% 6/1/2033 | | | 3,284 | | | | 3,281 | |
CVS Health Corp. 6.00% 6/1/2063 | | | 94 | | | | 97 | |
Daimler Trucks Finance North America, LLC 3.65% 4/7/20279 | | | 6,550 | | | | 6,195 | |
Daimler Trucks Finance North America, LLC 5.125% 1/19/20289 | | | 191 | | | | 189 | |
Daimler Trucks Finance North America, LLC 2.375% 12/14/20289 | | | 1,100 | | | | 953 | |
Daimler Trucks Finance North America, LLC 2.50% 12/14/20319 | | | 2,625 | | | | 2,134 | |
Darling Ingredients, Inc. 5.25% 4/15/20279 | | | 175 | | | | 170 | |
Darling Ingredients, Inc. 6.00% 6/15/20309 | | | 1,340 | | | | 1,310 | |
Deutsche Bank AG 2.311% 11/16/2027 (USD-SOFR + 1.219% on 11/16/2026)1 | | | 10,009 | | | | 8,608 | |
Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028)1 | | | 850 | | | | 852 | |
Deutsche Bank AG 7.079% 2/10/2034 (USD-SOFR + 3.65% on 2/10/2033)1 | | | 1,500 | | | | 1,388 | |
Development Bank of Mongolia, LLC 7.25% 10/23/2023 | | | 14,505 | | | | 14,451 | |
Diamond Sports Group, LLC 6.625% 8/15/20273,9 | | | 1,240 | | | | 32 | |
Diebold Nixdorf, Inc. 9.375% 7/15/20253,9 | | | 469 | | | | 87 | |
Diebold Nixdorf, Inc., Term Loan B1, (USD-SOFR + 7.50%) 11.50% 10/2/20235,10 | | | 405 | | | | 383 | |
Diebold Nixdorf, Inc., Term Loan B2, (USD-SOFR + 7.50%) 11.50% 10/2/20235,10 | | | 263 | | | | 249 | |
Diebold Nixdorf, Inc., Term Loan, (3-month USD CME Term SOFR + 5.25%) 10.479% 7/15/20253,5,10 | | | 374 | | | | 67 | |
DIRECTV Financing, LLC 5.875% 8/15/20279 | | | 385 | | | | 349 | |
DIRECTV Financing, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) 10.217% 8/2/20275,10 | | | 699 | | | | 685 | |
Discover Financial Services 6.70% 11/29/2032 | | | 102 | | | | 105 | |
Discovery Communications, LLC 3.625% 5/15/2030 | | | 2,669 | | | | 2,343 | |
DISH DBS Corp. 5.875% 11/15/2024 | | | 740 | | | | 648 | |
DISH DBS Corp. 7.75% 7/1/2026 | | | 175 | | | | 108 | |
DISH Network Corp. 11.75% 11/15/20279 | | | 2,785 | | | | 2,721 | |
DNB Bank ASA 5.896% 10/9/2026 (USD-SOFR + 1.95% on 10/9/2025)1,9 | | | 1,000 | | | | 991 | |
Dominican Republic 5.50% 2/22/20299 | | | 2,850 | | | | 2,674 | |
Dominican Republic 5.875% 1/30/2060 | | | 3,720 | | | | 2,892 | |
Dow Chemical Co. (The) 4.80% 5/15/2049 | | | 495 | | | | 432 | |
Capital World Bond Fund | 15 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Dow Chemical Co. (The) 3.60% 11/15/2050 | | USD | 485 | | | $ | 362 | |
DTE Electric Co. 2.625% 3/1/2031 | | | 1,033 | | | | 884 | |
DTE Electric Co. 5.20% 4/1/2033 | | | 2,000 | | | | 2,033 | |
DTE Energy Company 3.00% 3/1/2032 | | | 1,000 | | | | 862 | |
Duke Energy Carolinas, LLC 5.35% 1/15/2053 | | | 943 | | | | 957 | |
Earthstone Energy Holdings, LLC 9.875% 7/15/20319 | | | 275 | | | | 272 | |
Ecopetrol SA 6.875% 4/29/2030 | | | 9,510 | | | | 8,683 | |
Edison International 4.125% 3/15/2028 | | | 4,928 | | | | 4,603 | |
Edison International 5.25% 11/15/2028 | | | 3,150 | | | | 3,068 | |
Edison International 6.95% 11/15/2029 | | | 925 | | | | 974 | |
Edison International 5.00% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 3.901% on 3/15/2027)1 | | | 475 | | | | 412 | |
EDP Finance BV 6.30% 10/11/20279 | | | 2,730 | | | | 2,804 | |
Egypt (Arab Republic of) 6.588% 2/21/2028 | | | 4,109 | | | | 2,710 | |
Egypt (Arab Republic of) 7.053% 1/15/2032 | | | 1,112 | | | | 633 | |
EIDP, Inc. 4.50% 5/15/2026 | | | 903 | | | | 887 | |
EIDP, Inc. 4.80% 5/15/2033 | | | 1,322 | | | | 1,295 | |
Electricité de France SA 3.625% 10/13/20259 | | | 760 | | | | 730 | |
Electricité de France SA 4.50% 9/21/20289 | | | 1,722 | | | | 1,645 | |
Electricité de France SA 6.25% 5/23/20339 | | | 5,375 | | | | 5,468 | |
Electricité de France SA 4.875% 9/21/20389 | | | 7,267 | | | | 6,112 | |
Electricité de France SA 4.875% 1/22/20449 | | | 325 | | | | 269 | |
Electricité de France SA 5.00% 9/21/20489 | | | 768 | | | | 635 | |
Electricité de France SA 6.90% 5/23/20539 | | | 7,000 | | | | 7,261 | |
Electricité de France SA 9.125% 12/31/2079 (5-year UST Yield Curve Rate T Note Constant Maturity + 5.411% on 6/15/2033)1,9 | | | 2,000 | | | | 2,056 | |
Elevance Health, Inc. 4.10% 5/15/2032 | | | 1,478 | | | | 1,378 | |
Elevance Health, Inc. 4.75% 2/15/2033 | | | 466 | | | | 453 | |
Elevance Health, Inc. 4.55% 5/15/2052 | | | 657 | | | | 588 | |
Elevance Health, Inc. 5.125% 2/15/2053 | | | 206 | | | | 200 | |
Eli Lilly and Co. 3.375% 3/15/2029 | | | 583 | | | | 548 | |
Eli Lilly and Co. 4.70% 2/27/2033 | | | 1,409 | | | | 1,428 | |
Eli Lilly and Co. 4.875% 2/27/2053 | | | 335 | | | | 344 | |
Embarq Corp. 7.995% 6/1/2036 | | | 400 | | | | 242 | |
Empresas Publicas de Medellin ESP 4.25% 7/18/20299 | | | 3,170 | | | | 2,498 | |
Endo DAC 6.00% 6/30/20283,9 | | | 625 | | | | 33 | |
Endo Luxembourg Finance Co. I SARL 6.125% 4/1/20299 | | | 805 | | | | 596 | |
Energean PLC 6.50% 4/30/20279 | | | 650 | | | | 594 | |
Energizer Holdings, Inc. 4.375% 3/31/20299 | | | 430 | | | | 371 | |
Energy Transfer, LP 6.50% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 5.694% on 11/15/2026)1 | | | 254 | | | | 231 | |
Enfragen Energia Sur SA 5.375% 12/30/2030 | | | 1,705 | | | | 1,110 | |
ENN Clean Energy International Investment, Ltd. 3.375% 5/12/20269 | | | 1,300 | | | | 1,204 | |
ENN Energy Holdings, Ltd. 2.625% 9/17/20309 | | | 12,035 | | | | 10,074 | |
Entegris Escrow Corp. 4.75% 4/15/20299 | | | 195 | | | | 181 | |
EQM Midstream Partners, LP 6.50% 7/1/20279 | | | 1,200 | | | | 1,185 | |
EQM Midstream Partners, LP 6.50% 7/15/2048 | | | 300 | | | | 272 | |
EQT Corp. 5.70% 4/1/2028 | | | 701 | | | | 693 | |
Equinix, Inc. 3.00% 7/15/2050 | | | 2,889 | | | | 1,874 | |
EquipmentShare.com, Inc. 9.00% 5/15/20289 | | | 500 | | | | 486 | |
Ethiopia (Federal Democratic Republic of) 6.625% 12/11/2024 | | | 1,650 | | | | 1,144 | |
Export-Import Bank of India 5.50% 1/18/2033 | | | 2,000 | | | | 1,994 | |
Export-Import Bank of Korea 4.50% 9/15/2032 | | | 800 | | | | 788 | |
Export-Import Bank of Korea 5.125% 1/11/2033 | | | 1,830 | | | | 1,877 | |
Exxon Mobil Corp. 3.452% 4/15/2051 | | | 2,720 | | | | 2,115 | |
Fair Isaac Corp. 4.00% 6/15/20289 | | | 150 | | | | 138 | |
Fannie Mae, Series 2001-4, Class GA, 9.00% 4/17/20255,6 | | | — | 8 | | | — | 8 |
Fannie Mae Pool #MA4237 2.00% 1/1/20516 | | | 3,232 | | | | 2,661 | |
Fannie Mae Pool #BR6309 2.50% 4/1/20516 | | | 6,932 | | | | 5,908 | |
Fannie Mae Pool #CB0046 3.00% 4/1/20516 | | | 12,196 | | | | 10,783 | |
Fannie Mae Pool #BX0097 4.50% 10/1/20526 | | | 1,514 | | | | 1,461 | |
Fannie Mae Pool #BW9458 4.50% 10/1/20526 | | | 366 | | | | 354 | |
Fannie Mae Pool #MA4919 5.50% 2/1/20536 | | | 225 | | | | 224 | |
Fannie Mae Pool #MA5010 5.50% 5/1/20536 | | | 38 | | | | 38 | |
Fannie Mae Pool #MA5039 5.50% 6/1/20536 | | | 137 | | | | 136 | |
Fannie Mae Pool #MA5071 5.00% 7/1/20536 | | | 19,152 | | | | 18,777 | |
Fannie Mae Pool #MA5072 5.50% 7/1/20536 | | | 512 | | | | 510 | |
Fertitta Entertainment, LLC 4.625% 1/15/20299 | | | 295 | | | | 259 | |
Fertitta Entertainment, LLC 6.75% 1/15/20309 | | | 425 | | | | 362 | |
16 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
FibraSOMA 4.375% 7/22/2031 | | USD | 2,800 | | | $ | 2,098 | |
First Quantum Minerals, Ltd. 6.875% 3/1/20269 | | | 787 | | | | 776 | |
First Quantum Minerals, Ltd. 6.875% 10/15/20279 | | | 2,555 | | | | 2,496 | |
First Student Bidco, Inc. 4.00% 7/31/20299 | | | 392 | | | | 333 | |
First Student Bidco, Inc., Term Loan B, (3-month USD-LIBOR + 3.00%) 8.501% 7/21/20285,10 | | | 214 | | | | 208 | |
FirstEnergy Transmission, LLC 4.35% 1/15/20259 | | | 5,996 | | | | 5,850 | |
FirstEnergy Transmission, LLC 2.866% 9/15/20289 | | | 3,862 | | | | 3,403 | |
Five Corners Funding Trust II 2.85% 5/15/20309 | | | 3,500 | | | | 2,978 | |
Five Corners Funding Trust III 5.791% 2/15/20339 | | | 500 | | | | 507 | |
Five Corners Funding Trust IV 5.997% 2/15/20539 | | | 500 | | | | 509 | |
Florida Power & Light Company 5.10% 4/1/2033 | | | 2,000 | | | | 2,030 | |
Florida Power & Light Company 2.875% 12/4/2051 | | | 1,723 | | | | 1,193 | |
Ford Motor Co. 3.25% 2/12/2032 | | | 275 | | | | 217 | |
Ford Motor Co. 6.10% 8/19/2032 | | | 710 | | | | 689 | |
Ford Motor Credit Co., LLC 2.30% 2/10/2025 | | | 375 | | | | 351 | |
Ford Motor Credit Co., LLC 4.134% 8/4/2025 | | | 200 | | | | 190 | |
Ford Motor Credit Co., LLC 6.95% 6/10/2026 | | | 304 | | | | 306 | |
Ford Motor Credit Co., LLC 4.542% 8/1/2026 | | | 685 | | | | 645 | |
Ford Motor Credit Co., LLC 2.70% 8/10/2026 | | | 625 | | | | 559 | |
Ford Motor Credit Co., LLC 4.125% 8/17/2027 | | | 1,240 | | | | 1,133 | |
Ford Motor Credit Co., LLC 2.90% 2/16/2028 | | | 250 | | | | 214 | |
Ford Motor Credit Co., LLC 5.113% 5/3/2029 | | | 260 | | | | 241 | |
Ford Motor Credit Co., LLC 7.20% 6/10/2030 | | | 275 | | | | 278 | |
Ford Motor Credit Co., LLC 4.00% 11/13/2030 | | | 1,020 | | | | 873 | |
Fortrea Holdings, Inc. 7.50% 7/1/20309 | | | 600 | | | | 615 | |
Fortrea Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 5.05% 6/30/20305,10 | | | 355 | | | | 355 | |
Fortune Brands Innovations, Inc. 5.875% 6/1/2033 | | | 1,500 | | | | 1,503 | |
Freddie Mac, Series K153, Class A2, Multi Family, 3.82% 1/25/20336 | | | 27,575 | | | | 26,206 | |
Freddie Mac Pool #RB5111 2.00% 5/1/20416 | | | 63,862 | | | | 54,590 | |
Freddie Mac Pool #SD8276 5.00% 12/1/20526 | | | 24,859 | | | | 24,379 | |
Freddie Mac Pool #SD8331 5.50% 6/1/20536 | | | 609 | | | | 607 | |
Freddie Mac Pool #SD8341 5.00% 7/1/20536 | | | 23,865 | | | | 23,398 | |
Freddie Mac Pool #SD8342 5.50% 7/1/20536 | | | 2,299 | | | | 2,289 | |
FXI Holdings, Inc. 12.25% 11/15/20269 | | | 1,791 | | | | 1,625 | |
Gabonese Republic 7.00% 11/24/20319 | | | 790 | | | | 629 | |
Gartner, Inc. 3.75% 10/1/20309 | | | 343 | | | | 299 | |
GC Treasury Center Co., Ltd. 4.40% 3/30/20329 | | | 300 | | | | 271 | |
GE HealthCare Technologies, Inc. 5.65% 11/15/2027 | | | 1,150 | | | | 1,165 | |
GE HealthCare Technologies, Inc. 5.905% 11/22/2032 | | | 1,250 | | | | 1,308 | |
GE HealthCare Technologies, Inc. 6.377% 11/22/2052 | | | 225 | | | | 251 | |
General Dynamics Corp. 3.75% 5/15/2028 | | | 1,577 | | | | 1,512 | |
General Dynamics Corp. 3.625% 4/1/2030 | | | 871 | | | | 821 | |
General Motors Financial Co., Inc. 1.50% 6/10/2026 | | | 573 | | | | 507 | |
General Motors Financial Co., Inc. 2.40% 4/10/2028 | | | 6,870 | | | | 5,928 | |
Genesis Energy, LP 8.00% 1/15/2027 | | | 1,142 | | | | 1,115 | |
Genesis Energy, LP 8.875% 4/15/2030 | | | 493 | | | | 482 | |
Georgia (Republic of) 2.75% 4/22/20269 | | | 2,535 | | | | 2,282 | |
Georgia Power Co. 4.95% 5/17/2033 | | | 4,333 | | | | 4,279 | |
Glencore Funding, LLC 1.625% 4/27/20269 | | | 10,668 | | | | 9,626 | |
Glencore Funding, LLC 2.625% 9/23/20319 | | | 1,100 | | | | 886 | |
Go Daddy Operating Co., LLC 5.25% 12/1/20279 | | | 275 | | | | 261 | |
Go Daddy Operating Co., LLC 3.50% 3/1/20299 | | | 925 | | | | 793 | |
Goldman Sachs Group, Inc. 2.615% 4/22/2032 (USD-SOFR + 1.281% on 4/22/2031)1 | | | 1,639 | | | | 1,345 | |
Goldman Sachs Group, Inc. 3.102% 2/24/2033 (USD-SOFR + 1.41% on 2/24/2032)1 | | | 4,149 | | | | 3,507 | |
Government National Mortgage Assn. Pool #785607 2.50% 8/20/20516 | | | 11,134 | | | | 9,510 | |
Government National Mortgage Assn. Pool #785575 2.50% 8/20/20516 | | | 6,853 | | | | 5,839 | |
Government National Mortgage Assn. Pool #785659 2.50% 10/20/20516 | | | 4,017 | | | | 3,412 | |
Government National Mortgage Assn. 5.00% 8/1/20536,12 | | | 37,820 | | | | 37,155 | |
Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/20636 | | | 5,140 | | | | 3,956 | |
Gray Television, Inc. 5.875% 7/15/20269 | | | 569 | | | | 511 | |
Gray Television, Inc. 7.00% 5/15/20279 | | | 50 | | | | 43 | |
Grifols Escrow Issuer SA 4.75% 10/15/20289 | | | 440 | | | | 382 | |
Group 1 Automotive, Inc. 4.00% 8/15/20289 | | | 340 | | | | 300 | |
Grupo Energia Bogota SA ESP 4.875% 5/15/20309 | | | 2,300 | | | | 2,085 | |
GTCR (AP) Finance, Inc. 8.00% 5/15/20279 | | | 486 | | | | 477 | |
Hanesbrands, Inc. 4.875% 5/15/20269 | | | 130 | | | | 122 | |
Hanesbrands, Inc. 9.00% 2/15/20319 | | | 530 | | | | 535 | |
Capital World Bond Fund | 17 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Hanesbrands, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 8.852% 3/8/20305,10 | | USD | 396 | | | $ | 398 | |
Harbour Energy PLC 5.50% 10/15/20269 | | | 480 | | | | 442 | |
Harvest Midstream I, LP 7.50% 9/1/20289 | | | 587 | | | | 583 | |
HealthEquity, Inc. 4.50% 10/1/20299 | | | 685 | | | | 605 | |
Hertz Vehicle Financing III, LLC, Series 2022-3A, Class A, 3.37% 3/25/20256,9 | | | 4,715 | | | | 4,650 | |
Hess Midstream Operations, LP 4.25% 2/15/20309 | | | 110 | | | | 96 | |
Hess Midstream Operations, LP 5.50% 10/15/20309 | | | 190 | | | | 176 | |
Hexion, Inc., Term Loan, (3-month USD CME Term SOFR + 4.50%) 9.779% 3/15/20295,10 | | | 149 | | | | 141 | |
Hightower Holding, LLC 6.75% 4/15/20299 | | | 830 | | | | 719 | |
Hilcorp Energy I, LP 5.75% 2/1/20299 | | | 410 | | | | 372 | |
Hilcorp Energy I, LP 6.00% 4/15/20309 | | | 660 | | | | 602 | |
Hilton Domestic Operating Co., Inc. 5.375% 5/1/20259 | | | 350 | | | | 346 | |
Hilton Domestic Operating Co., Inc. 4.875% 1/15/2030 | | | 190 | | | | 177 | |
Hilton Domestic Operating Co., Inc. 4.00% 5/1/20319 | | | 885 | | | | 769 | |
Home Depot, Inc. 2.95% 6/15/2029 | | | 846 | | | | 771 | |
Home Depot, Inc. 4.50% 12/6/2048 | | | 675 | | | | 626 | |
Honduras (Republic of) 6.25% 1/19/2027 | | | 19,787 | | | | 18,062 | |
Honduras (Republic of) 5.625% 6/24/2030 | | | 7,784 | | | | 6,316 | |
Honduras (Republic of) 5.625% 6/24/20309 | | | 1,263 | | | | 1,025 | |
Honeywell International, Inc. 2.30% 8/15/2024 | | | 700 | | | | 677 | |
Honeywell International, Inc. 5.00% 2/15/2033 | | | 1,725 | | | | 1,760 | |
Howard Hughes Corp. 5.375% 8/1/20289 | | | 1,022 | | | | 911 | |
Howard Hughes Corp. 4.125% 2/1/20299 | | | 215 | | | | 178 | |
Howard Hughes Corp. 4.375% 2/1/20319 | | | 165 | | | | 132 | |
Howmet Aerospace, Inc. 5.95% 2/1/2037 | | | 615 | | | | 627 | |
HSBC Holdings PLC 1.589% 5/24/2027 (3-month USD-LIBOR + 1.29% on 5/24/2026)1 | | | 1,371 | | | | 1,211 | |
HSBC Holdings PLC 4.755% 6/9/2028 (USD-SOFR + 2.11% on 6/9/2027)1 | | | 21,000 | | | | 20,194 | |
HSBC Holdings PLC 4.95% 3/31/2030 | | | 2,300 | | | | 2,267 | |
HSBC Holdings PLC 3.973% 5/22/2030 (3-month USD CME Term SOFR + 1.872% on 5/22/2029)1 | | | 3,229 | | | | 2,903 | |
HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031)1 | | | 1,229 | | | | 992 | |
HSBC Holdings PLC 5.402% 8/11/2033 (USD-SOFR + 2.87% on 8/11/2032)1 | | | 2,500 | | | | 2,446 | |
HSBC Holdings PLC 8.113% 11/3/2033 (USD-SOFR + 4.25% on 11/3/2032)1 | | | 2,649 | | | | 2,942 | |
HSBC Holdings PLC 6.254% 3/9/2034 (USD-SOFR + 2.39% on 3/9/2033)1 | | | 3,000 | | | | 3,077 | |
HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043)1 | | | 2,936 | | | | 3,046 | |
Huarong Finance 2017 Co., Ltd. (3-month USD-LIBOR + 1.325%) 6.502% 7/3/20235 | | | 1,272 | | | | 1,272 | |
Huarong Finance 2017 Co., Ltd. 4.75% 4/27/2027 | | | 5,137 | | | | 4,449 | |
Huarong Finance 2019 Co., Ltd. 3.75% 5/29/2024 | | | 750 | | | | 721 | |
Huarong Finance 2019 Co., Ltd. (3-month USD-LIBOR + 1.25%) 6.625% 2/24/20255 | | | 1,334 | | | | 1,255 | |
Huarong Finance 2019 Co., Ltd. 4.50% 5/29/2029 | | | 2,332 | | | | 1,871 | |
Huarong Finance 2019 Co., Ltd. 3.875% 11/13/2029 | | | 1,520 | | | | 1,174 | |
Huarong Finance II Co., Ltd. 5.50% 1/16/2025 | | | 3,287 | | | | 3,127 | |
Huarong Finance II Co., Ltd. 5.00% 11/19/2025 | | | 3,769 | | | | 3,481 | |
Huarong Finance II Co., Ltd. 4.625% 6/3/2026 | | | 2,469 | | | | 2,201 | |
Huarong Finance II Co., Ltd. 4.875% 11/22/2026 | | | 2,846 | | | | 2,521 | |
HUB International, Ltd. 7.00% 5/1/20269 | | | 1,955 | | | | 1,952 | |
HUB International, Ltd. 7.25% 6/15/20309 | | | 198 | | | | 205 | |
HUB International, Ltd., Term Loan B, (3-month USD CME Term SOFR + 4.25%) 9.40% 6/20/20305,10 | | | 254 | | | | 255 | |
Humana, Inc. 3.70% 3/23/2029 | | | 582 | | | | 533 | |
Hungary (Republic of) 6.25% 9/22/20329 | | | 760 | | | | 781 | |
Hyundai Capital America 0.875% 6/14/20249 | | | 4,355 | | | | 4,155 | |
Hyundai Capital America 1.80% 10/15/20259 | | | 666 | | | | 608 | |
Hyundai Capital America 1.50% 6/15/20269 | | | 3,387 | | | | 3,001 | |
Hyundai Capital America 5.60% 3/30/20289 | | | 10,600 | | | | 10,553 | |
Hyundai Capital America 2.00% 6/15/20289 | | | 2,187 | | | | 1,840 | |
Icahn Enterprises, LP 6.375% 12/15/2025 | | | 158 | | | | 147 | |
Icahn Enterprises, LP 6.25% 5/15/2026 | | | 102 | | | | 93 | |
Indofood CBP Sukses Makmur Tbk PT 3.398% 6/9/2031 | | | 280 | | | | 237 | |
Indofood CBP Sukses Makmur Tbk PT 4.745% 6/9/2051 | | | 300 | | | | 225 | |
Indonesia (Republic of) 4.65% 9/20/2032 | | | 1,350 | | | | 1,325 | |
Indonesia Asahan Aluminium (Persero) PT 6.53% 11/15/20289 | | | 1,030 | | | | 1,061 | |
Indonesia Asahan Aluminium (Persero) PT 5.45% 5/15/20309 | | | 6,360 | | | | 6,172 | |
Ingles Markets, Inc. 4.00% 6/15/20319 | | | 545 | | | | 458 | |
Intel Corp. 5.125% 2/10/2030 | | | 1,200 | | | | 1,208 | |
Intel Corp. 5.20% 2/10/2033 | | | 554 | | | | 560 | |
Inter-American Development Bank 4.50% 5/15/2026 | | | 6,251 | | | | 6,235 | |
18 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Intercontinental Exchange, Inc. 4.00% 9/15/2027 | | USD | 15,260 | | | $ | 14,872 | |
Intercontinental Exchange, Inc. 4.35% 6/15/2029 | | | 3,950 | | | | 3,868 | |
Intercontinental Exchange, Inc. 4.60% 3/15/2033 | | | 2,345 | | | | 2,277 | |
Intercontinental Exchange, Inc. 2.65% 9/15/2040 | | | 950 | | | | 673 | |
Intercontinental Exchange, Inc. 4.95% 6/15/2052 | | | 1,282 | | | | 1,221 | |
International Flavors & Fragrances, Inc. 1.23% 10/1/20259 | | | 2,000 | | | | 1,784 | |
International Flavors & Fragrances, Inc. 1.832% 10/15/20279 | | | 1,591 | | | | 1,343 | |
International Flavors & Fragrances, Inc. 2.30% 11/1/20309 | | | 626 | | | | 497 | |
International Flavors & Fragrances, Inc. 3.268% 11/15/20409 | | | 2,025 | | | | 1,419 | |
International Flavors & Fragrances, Inc. 3.468% 12/1/20509 | | | 2,000 | | | | 1,339 | |
International Game Technology PLC 4.125% 4/15/20269 | | | 700 | | | | 665 | |
Interstate Power and Light Co. 2.30% 6/1/2030 | | | 4,150 | | | | 3,455 | |
Intesa Sanpaolo SpA 3.25% 9/23/20249 | | | 7,125 | | | | 6,838 | |
Intesa Sanpaolo SpA 7.00% 11/21/20259 | | | 1,375 | | | | 1,388 | |
Intesa Sanpaolo SpA 8.248% 11/21/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 4.40% on 11/21/2032)1,9 | | | 1,250 | | | | 1,314 | |
Invitation Homes Operating Partnership, LP 2.30% 11/15/2028 | | | 754 | | | | 642 | |
Invitation Homes Operating Partnership, LP 2.00% 8/15/2031 | | | 1,220 | | | | 936 | |
Invitation Homes Operating Partnership, LP 2.70% 1/15/2034 | | | 514 | | | | 390 | |
IQVIA, Inc. 5.00% 5/15/20279 | | | 630 | | | | 607 | |
IQVIA, Inc. 6.50% 5/15/20309 | | | 200 | | | | 202 | |
Iron Mountain Information Management Services, Inc. 5.00% 7/15/20329 | | | 310 | | | | 268 | |
Iron Mountain, Inc. 5.25% 7/15/20309 | | | 1,187 | | | | 1,071 | |
Iron Mountain, Inc. 4.50% 2/15/20319 | | | 220 | | | | 189 | |
Israel (State of) 2.875% 3/16/2026 | | | 400 | | | | 380 | |
Israel (State of) 2.50% 1/15/2030 | | | 16,570 | | | | 14,494 | |
Israel (State of) 2.75% 7/3/2030 | | | 4,371 | | | | 3,867 | |
Israel (State of) 4.50% 1/17/2033 | | | 5,300 | | | | 5,225 | |
Jacobs Entertainment, Inc. 6.75% 2/15/20299 | | | 495 | | | | 443 | |
Japan Bank for International Cooperation 4.25% 1/26/2026 | | | 1,704 | | | | 1,676 | |
Johnson & Johnson 0.95% 9/1/2027 | | | 1,082 | | | | 946 | |
Johnson & Johnson 1.30% 9/1/2030 | | | 3,265 | | | | 2,683 | |
Johnson & Johnson 2.10% 9/1/2040 | | | 1,000 | | | | 705 | |
Johnson & Johnson 2.25% 9/1/2050 | | | 1,659 | | | | 1,100 | |
JPMorgan Chase & Co. 1.578% 4/22/2027 (USD-SOFR + 0.885% on 4/22/2026)1 | | | 3,054 | | | | 2,745 | |
JPMorgan Chase & Co. 4.493% 3/24/2031 (USD-SOFR + 3.79% on 3/24/2030)1 | | | 15,010 | | | | 14,436 | |
JPMorgan Chase & Co. 5.35% 6/1/2034 (USD-SOFR + 1.845% on 6/1/2033)1 | | | 26,946 | | | | 27,172 | |
JPMorgan Chase & Co. 3.328% 4/22/2052 (USD-SOFR + 1.58% on 4/22/2051)1 | | | 4,126 | | | | 3,010 | |
Kasikornbank PCL (Hong Kong Branch) 3.343% 10/2/2031 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.70% on 10/2/2026)1 | | | 3,740 | | | | 3,305 | |
Kazakhstan (Republic of) 6.50% 7/21/2045 | | | 1,000 | | | | 1,058 | |
KBC Groep NV 5.796% 1/19/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/19/2028)1,9 | | | 525 | | | | 522 | |
Kennedy-Wilson, Inc. 4.75% 3/1/2029 | | | 695 | | | | 550 | |
Kennedy-Wilson, Inc. 4.75% 2/1/2030 | | | 1,575 | | | | 1,189 | |
KfW 3.875% 6/15/2028 | | | 8,000 | | | | 7,865 | |
Kimberly-Clark Corp. 3.10% 3/26/2030 | | | 668 | | | | 610 | |
Kinder Morgan, Inc. 3.60% 2/15/2051 | | | 6,560 | | | | 4,556 | |
KKR Apple Bidco, LLC, Term Loan B, (1-month USD CME Term SOFR + 4.00%) 9.102% 9/22/20285,10 | | | 324 | | | | 324 | |
Korea Development Bank 4.25% 9/8/2032 | | | 690 | | | | 668 | |
Korea Development Bank 4.375% 2/15/2033 | | | 12,300 | | | | 11,966 | |
Korea Electric Power Corp. 4.00% 6/14/20279 | | | 700 | | | | 677 | |
Korea Housing Finance Corp. 4.625% 2/24/20289 | | | 1,270 | | | | 1,252 | |
Korea National Oil Corp. 4.875% 4/3/20289 | | | 200 | | | | 198 | |
Korea National Oil Corp. 2.625% 4/18/2032 | | | 300 | | | | 251 | |
Kronos Acquisition Holdings, Inc. 5.00% 12/31/20269 | | | 530 | | | | 486 | |
Kronos Acquisition Holdings, Inc. 7.00% 12/31/20279 | | | 1,650 | | | | 1,462 | |
LABL, Inc. 10.50% 7/15/20279 | | | 775 | | | | 745 | |
LAD Auto Receivables Trust, Series 2023-1, Class A2, 5.68% 10/15/20266,9 | | | 1,516 | | | | 1,509 | |
LAD Auto Receivables Trust, Series 2023-1, Class A3, 5.48% 6/15/20276,9 | | | 4,004 | | | | 3,956 | |
Lamar Media Corp. 3.75% 2/15/2028 | | | 840 | | | | 767 | |
Lamar Media Corp. 3.625% 1/15/2031 | | | 1,000 | | | | 843 | |
Lamb Weston Holdings, Inc. 4.125% 1/31/20309 | | | 825 | | | | 738 | |
Lamb Weston Holdings, Inc. 4.375% 1/31/20329 | | | 600 | | | | 536 | |
LCM Investments Holdings II, LLC 4.875% 5/1/20299 | | | 1,521 | | | | 1,303 | |
Lenovo Group, Ltd. 6.536% 7/27/2032 | | | 400 | | | | 404 | |
Levi Strauss & Co. 3.50% 3/1/20319 | | | 760 | | | | 630 | |
Linde, Inc. 4.70% 12/5/2025 | | | 2,000 | | | | 1,986 | |
Capital World Bond Fund | 19 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Linde, Inc. 2.00% 8/10/2050 | | USD | 412 | | | $ | 235 | |
Lithia Motors, Inc. 4.625% 12/15/20279 | | | 750 | | | | 701 | |
Lithia Motors, Inc. 3.875% 6/1/20299 | | | 320 | | | | 278 | |
Live Nation Entertainment, Inc. 4.75% 10/15/20279 | | | 820 | | | | 766 | |
Lloyds Banking Group PLC 3.75% 1/11/2027 | | | 2,827 | | | | 2,650 | |
Lockheed Martin Corp. 5.10% 11/15/2027 | | | 985 | | | | 1,002 | |
Lockheed Martin Corp. 5.25% 1/15/2033 | | | 2,021 | | | | 2,095 | |
Lockheed Martin Corp. 4.75% 2/15/2034 | | | 368 | | | | 367 | |
Lockheed Martin Corp. 5.70% 11/15/2054 | | | 1,154 | | | | 1,282 | |
Lockheed Martin Corp. 5.20% 2/15/2055 | | | 406 | | | | 419 | |
LPL Holdings, Inc. 4.625% 11/15/20279 | | | 2,095 | | | | 1,966 | |
LSB Industries, Inc. 6.25% 10/15/20289 | | | 1,080 | | | | 965 | |
LSC Communications, Inc. 8.75% 10/15/20233,7,9 | | | 2,502 | | | | 8 | |
Marsh & McLennan Companies, Inc. 3.875% 3/15/2024 | | | 370 | | | | 365 | |
Marsh & McLennan Companies, Inc. 4.375% 3/15/2029 | | | 160 | | | | 156 | |
Marsh & McLennan Companies, Inc. 2.25% 11/15/2030 | | | 351 | | | | 292 | |
Marsh & McLennan Companies, Inc. 2.375% 12/15/2031 | | | 711 | | | | 580 | |
Marsh & McLennan Companies, Inc. 5.45% 3/15/2053 | | | 663 | | | | 676 | |
Mastercard, Inc. 4.875% 3/9/2028 | | | 522 | | | | 528 | |
Mastercard, Inc. 2.00% 11/18/2031 | | | 4,527 | | | | 3,742 | |
Mastercard, Inc. 4.85% 3/9/2033 | | | 3,475 | | | | 3,536 | |
Mastercard, Inc. 2.95% 3/15/2051 | | | 772 | | | | 564 | |
McDonald’s Corp. 4.60% 9/9/2032 | | | 1,415 | | | | 1,402 | |
McDonald’s Corp. 5.15% 9/9/2052 | | | 520 | | | | 519 | |
Medline Borrower, LP 5.25% 10/1/20299 | | | 1,435 | | | | 1,247 | |
Medline Borrower, LP, Term Loan, (3-month USD CME Term SOFR + 3.25%) 8.352% 10/23/20285,10 | | | 348 | | | | 345 | |
Meituan 3.05% 10/28/20309 | | | 565 | | | | 448 | |
Mercedes-Benz Finance North America, LLC 0.75% 3/1/20249 | | | 667 | | | | 645 | |
Mercedes-Benz Finance North America, LLC 5.50% 11/27/20249 | | | 333 | | | | 332 | |
Mercedes-Benz Finance North America, LLC 5.375% 11/26/20259 | | | 150 | | | | 150 | |
Merck & Co., Inc. 1.45% 6/24/2030 | | | 4,500 | | | | 3,672 | |
Merck & Co., Inc. 4.90% 5/17/2044 | | | 703 | | | | 705 | |
Merck & Co., Inc. 5.00% 5/17/2053 | | | 311 | | | | 315 | |
Merck & Co., Inc. 5.15% 5/17/2063 | | | 358 | | | | 366 | |
Methanex Corp. 5.125% 10/15/2027 | | | 500 | | | | 466 | |
Methanex Corp. 5.25% 12/15/2029 | | | 1,095 | | | | 1,002 | |
MetLife, Inc. 5.00% 7/15/2052 | | | 230 | | | | 216 | |
Metropolitan Life Global Funding I 0.95% 7/2/20259 | | | 666 | | | | 606 | |
Metropolitan Life Global Funding I 3.45% 12/18/20269 | | | 2,310 | | | | 2,162 | |
Metropolitan Life Global Funding I 1.875% 1/11/20279 | | | 1,500 | | | | 1,338 | |
Metropolitan Life Global Funding I 4.30% 8/25/20299 | | | 1,000 | | | | 949 | |
Metropolitan Life Global Funding I 1.55% 1/7/20319 | | | 571 | | | | 445 | |
Metropolitan Life Global Funding I 5.15% 3/28/20339 | | | 900 | | | | 891 | |
MFB Magyar Fejlesztesi Bank Zartkoruen Mukodo Reszvenytarsasag 6.50% 6/29/2028 | | | 2,500 | | | | 2,479 | |
MGM Resorts International 5.50% 4/15/2027 | | | 560 | | | | 537 | |
Mic Capital Management (Rsc) Seven, Ltd. 5.084% 5/22/20539 | | | 200 | | | | 200 | |
Microsoft Corp. 2.40% 8/8/2026 | | | 3,000 | | | | 2,817 | |
Midas OpCo Holdings, LLC 5.625% 8/15/20299 | | | 285 | | | | 244 | |
Mileage Plus Holdings, LLC 6.50% 6/20/20279 | | | 924 | | | | 927 | |
Minejesa Capital BV 5.625% 8/10/20379 | | | 300 | | | | 236 | |
Mineral Resources, Ltd. 8.125% 5/1/20279 | | | 156 | | | | 156 | |
Mineral Resources, Ltd. 8.00% 11/1/20279 | | | 1,084 | | | | 1,084 | |
Mineral Resources, Ltd. 8.50% 5/1/20309 | | | 385 | | | | 387 | |
MISC Capital Two (Labuan), Ltd. 3.75% 4/6/20279 | | | 10,569 | | | | 9,898 | |
Mission Lane Credit Card Master Trust, Series 2023-A, Class A, 7.23% 7/17/20286,9 | | | 4,994 | | | | 4,948 | |
Mission Lane Credit Card Master Trust, Series 2023-A, Class B, 8.15% 7/17/20286,9 | | | 1,472 | | | | 1,460 | |
Molina Healthcare, Inc. 4.375% 6/15/20289 | | | 625 | | | | 577 | |
Molina Healthcare, Inc. 3.875% 11/15/20309 | | | 460 | | | | 396 | |
Mongolia (State of) 8.75% 3/9/2024 | | | 221 | | | | 223 | |
Mongolia (State of) 5.125% 4/7/2026 | | | 700 | | | | 653 | |
Morgan Stanley 1.593% 5/4/2027 (USD-SOFR + 0.879% on 5/4/2026)1 | | | 5,386 | | | | 4,824 | |
Morgan Stanley 5.123% 2/1/2029 (USD-SOFR + 1.73% on 2/1/2028)1 | | | 2,362 | | | | 2,331 | |
Morgan Stanley 4.889% 7/20/2033 (USD-SOFR + 2.077% on 7/20/2032)1 | | | 532 | | | | 512 | |
Mozambique (Republic of) 5.00% 9/15/2031 (9.00% on 9/15/2023)1 | | | 1,300 | | | | 991 | |
MSCI, Inc. 3.625% 9/1/20309 | | | 100 | | | | 86 | |
MSCI, Inc. 3.875% 2/15/20319 | | | 1,080 | | | | 937 | |
20 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
MSCI, Inc. 3.625% 11/1/20319 | | USD | 1,315 | | | $ | 1,124 | |
MSCI, Inc. 3.25% 8/15/20339 | | | 200 | | | | 161 | |
Münchener Rückversicherungs-Gesellschaft AG 5.875% 5/23/2042 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.982% on 5/23/2032)1,9 | | | 3,000 | | | | 3,017 | |
Murphy Oil USA, Inc. 3.75% 2/15/20319 | | | 750 | | | | 629 | |
MVM Energetika Zartkoruen Mukodo Reszvenytarsasag 7.50% 6/9/2028 | | | 1,155 | | | | 1,153 | |
Nabors Industries, Inc. 7.375% 5/15/20279 | | | 840 | | | | 800 | |
Nasdaq, Inc. 5.35% 6/28/2028 | | | 408 | | | | 409 | |
Nasdaq, Inc. 5.55% 2/15/2034 | | | 299 | | | | 300 | |
Nasdaq, Inc. 5.95% 8/15/2053 | | | 863 | | | | 884 | |
Nasdaq, Inc. 6.10% 6/28/2063 | | | 182 | | | | 186 | |
National Grid PLC 5.809% 6/12/2033 | | | 6,600 | | | | 6,721 | |
NatWest Group PLC 4.445% 5/8/2030 (3-month USD-LIBOR + 1.871% on 5/5/2029)1 | | | 8,625 | | | | 7,936 | |
NatWest Group PLC 6.016% 3/2/2034 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 3/2/2033)1 | | | 5,000 | | | | 5,030 | |
Navient Corp. 5.00% 3/15/2027 | | | 380 | | | | 340 | |
Navient Corp. 4.875% 3/15/2028 | | | 1,050 | | | | 900 | |
NBM US Holdings, Inc. 7.00% 5/14/20262 | | | 19,816 | | | | 19,235 | |
NCL Corp., Ltd. 5.875% 2/15/20279 | | | 575 | | | | 560 | |
NCR Corp. 6.125% 9/1/20299 | | | 450 | | | | 451 | |
NCR Corp. 5.25% 10/1/20309 | | | 172 | | | | 150 | |
Nederlandse Waterschapsbank NV 4.875% 2/24/20259 | | | 9,671 | | | | 9,602 | |
Neiman Marcus Group, Ltd., LLC 7.125% 4/1/20269 | | | 540 | | | | 503 | |
Nestle Skin Health SA, Term Loan B3, (3-month USD CME Term SOFR + 3.75%) 9.092% 10/1/20265,10 | | | 990 | | | | 986 | |
Netflix, Inc. 4.875% 4/15/2028 | | | 1,957 | | | | 1,937 | |
Netflix, Inc. 5.875% 11/15/2028 | | | 2,750 | | | | 2,847 | |
Netflix, Inc. 5.375% 11/15/20299 | | | 1,918 | | | | 1,927 | |
New Fortress Energy, Inc. 6.75% 9/15/20259 | | | 970 | | | | 911 | |
New Fortress Energy, Inc. 6.50% 9/30/20269 | | | 1,870 | | | | 1,675 | |
New York Life Global Funding 0.95% 6/24/20259 | | | 842 | | | | 769 | |
New York Life Global Funding 0.85% 1/15/20269 | | | 750 | | | | 671 | |
New York Life Global Funding 1.20% 8/7/20309 | | | 11,702 | | | | 9,073 | |
New York Life Global Funding 4.55% 1/28/20339 | | | 295 | | | | 284 | |
New York State Electric & Gas Corp. 3.25% 12/1/20269 | | | 2,715 | | | | 2,533 | |
Newcrest Finance Pty, Ltd. 3.25% 5/13/20309 | | | 2,143 | | | | 1,892 | |
Nexstar Media, Inc. 4.75% 11/1/20289 | | | 797 | | | | 692 | |
NFP Corp. 6.875% 8/15/20289 | | | 1,273 | | | | 1,107 | |
NGL Energy Operating, LLC 7.50% 2/1/20269 | | | 2,155 | | | | 2,125 | |
Nigeria (Republic of) 8.375% 3/24/20299 | | | 1,025 | | | | 925 | |
Nigeria (Republic of) 8.25% 9/28/2051 | | | 700 | | | | 524 | |
NIKE, Inc. 3.375% 3/27/2050 | | | 1,680 | | | | 1,363 | |
NiSource, Inc. 5.40% 6/30/2033 | | | 2,965 | | | | 2,970 | |
Noble Finance II, LLC 8.00% 4/15/20309 | | | 45 | | | | 46 | |
NongHyup Bank 4.875% 7/3/20289 | | | 3,525 | | | | 3,480 | |
Nordea Bank ABP 3.60% 6/6/20259 | | | 4,575 | | | | 4,385 | |
Norfolk Southern Corp. 4.55% 6/1/2053 | | | 474 | | | | 429 | |
Northern Oil and Gas, Inc. 8.125% 3/1/20289 | | | 1,035 | | | | 1,015 | |
Northern Oil and Gas, Inc. 8.75% 6/15/20319 | | | 360 | | | | 354 | |
Northrop Grumman Corp. 3.25% 1/15/2028 | | | 2,590 | | | | 2,417 | |
Northrop Grumman Corp. 4.70% 3/15/2033 | | | 1,940 | | | | 1,905 | |
Northrop Grumman Corp. 4.95% 3/15/2053 | | | 847 | | | | 826 | |
Novartis Capital Corp. 2.20% 8/14/2030 | | | 4,000 | | | | 3,461 | |
Novelis Corp. 4.75% 1/30/20309 | | | 290 | | | | 258 | |
Novelis Corp. 3.875% 8/15/20319 | | | 230 | | | | 190 | |
NuStar Logistics, LP 5.625% 4/28/2027 | | | 630 | | | | 606 | |
Nutrien, Ltd. 5.95% 11/7/2025 | | | 277 | | | | 279 | |
Nutrien, Ltd. 4.90% 3/27/2028 | | | 573 | | | | 562 | |
Nutrien, Ltd. 5.80% 3/27/2053 | | | 206 | | | | 207 | |
Occidental Petroleum Corp. 6.375% 9/1/2028 | | | 920 | | | | 936 | |
Occidental Petroleum Corp. 6.625% 9/1/2030 | | | 500 | | | | 520 | |
Occidental Petroleum Corp. 6.125% 1/1/2031 | | | 310 | | | | 315 | |
Occidental Petroleum Corp. 6.45% 9/15/2036 | | | 245 | | | | 252 | |
Occidental Petroleum Corp. 6.20% 3/15/2040 | | | 40 | | | | 39 | |
Occidental Petroleum Corp. 6.60% 3/15/2046 | | | 85 | | | | 88 | |
OCI NV 6.70% 3/16/20339 | | | 699 | | | | 684 | |
State of Ohio, Turnpike and Infrastructure Commission, Turnpike Rev. Ref. Bonds (Infrastructure Projects), Series 2020-A, 3.216% 2/15/2048 | | | 7,560 | | | | 5,551 | |
Oleoducto Central SA 4.00% 7/14/20279 | | | 15,275 | | | | 13,395 | |
Capital World Bond Fund | 21 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Oleoducto Central SA 4.00% 7/14/2027 | | USD | 3,352 | | | $ | 2,939 | |
Olympus Water US Holding Corp. 4.25% 10/1/20289 | | | 200 | | | | 158 | |
Olympus Water US Holding Corp. 9.75% 11/15/20289 | | | 350 | | | | 342 | |
Oman (Sultanate of) 6.25% 1/25/20319 | | | 3,400 | | | | 3,456 | |
Oman (Sultanate of) 6.75% 1/17/2048 | | | 950 | | | | 915 | |
Oman (Sultanate of) 7.00% 1/25/2051 | | | 1,000 | | | | 993 | |
Oncor Electric Delivery Company, LLC 4.55% 9/15/2032 | | | 1,630 | | | | 1,583 | |
Oncor Electric Delivery Company, LLC 2.70% 11/15/2051 | | | 2,223 | | | | 1,443 | |
Open Text Corp., Term Loan B, (3-month USD CME Term SOFR + 3.50%) 8.702% 1/31/20305,10 | | | 995 | | | | 998 | |
Option Care Health, Inc. 4.375% 10/31/20299 | | | 150 | | | | 132 | |
Oracle Corp. 3.25% 11/15/2027 | | | 4 | | | | 4 | |
Oracle Corp. 3.60% 4/1/2050 | | | 2,475 | | | | 1,770 | |
Oracle Corp. 3.95% 3/25/2051 | | | 1,846 | | | | 1,397 | |
Owens & Minor, Inc. 6.625% 4/1/20309 | | | 445 | | | | 404 | |
Oxford Finance, LLC 6.375% 2/1/20279 | | | 145 | | | | 135 | |
Pacific Gas and Electric Co. 2.10% 8/1/2027 | | | 1,800 | | | | 1,539 | |
Pacific Gas and Electric Co. 3.00% 6/15/2028 | | | 15,640 | | | | 13,496 | |
Pacific Gas and Electric Co. 4.65% 8/1/2028 | | | 11,414 | | | | 10,564 | |
Pacific Gas and Electric Co. 4.55% 7/1/2030 | | | 3,834 | | | | 3,473 | |
Pacific Gas and Electric Co. 2.50% 2/1/2031 | | | 7,869 | | | | 6,167 | |
Pacific Gas and Electric Co. 3.25% 6/1/2031 | | | 6,036 | | | | 4,913 | |
Pacific Gas and Electric Co. 6.40% 6/15/2033 | | | 1,491 | | | | 1,484 | |
Pacific Gas and Electric Co. 3.30% 8/1/2040 | | | 19,800 | | | | 13,366 | |
Pacific Gas and Electric Co. 3.50% 8/1/2050 | | | 2,594 | | | | 1,654 | |
Pacific Gas and Electric Co. 6.70% 4/1/2053 | | | 8,000 | | | | 7,862 | |
Panama (Republic of) 3.75% 4/17/2026 | | | 411 | | | | 405 | |
Panama (Republic of) 6.40% 2/14/2035 | | | 6,000 | | | | 6,272 | |
Panama (Republic of) 6.853% 3/28/2054 | | | 200 | | | | 209 | |
Panama (Republic of) 4.50% 4/1/2056 | | | 1,139 | | | | 858 | |
Panama (Republic of) 3.87% 7/23/2060 | | | 1,160 | | | | 772 | |
Panama (Republic of) 4.50% 1/19/2063 | | | 470 | | | | 345 | |
Park Intermediate Holdings, LLC 4.875% 5/15/20299 | | | 320 | | | | 276 | |
Parker-Hannifin Corp. 3.25% 6/14/2029 | | | 70 | | | | 64 | |
Party City Holdings, Inc. 8.75% 2/15/20263,9 | | | 556 | | | | 86 | |
Party City Holdings, Inc., Term Loan DIP, 15.05% 7/19/20235,10 | | | 96 | | | | 100 | |
Patterson-UTI Energy, Inc. 5.15% 11/15/2029 | | | 45 | | | | 41 | |
PayPal Holdings, Inc. 2.30% 6/1/2030 | | | 3,095 | | | | 2,626 | |
PayPal Holdings, Inc. 3.25% 6/1/2050 | | | 196 | | | | 142 | |
PepsiCo, Inc. 1.95% 10/21/2031 | | | 1,162 | | | | 962 | |
PepsiCo, Inc. 3.625% 3/19/2050 | | | 264 | | | | 225 | |
PepsiCo, Inc. 2.75% 10/21/2051 | | | 586 | | | | 421 | |
Performance Food Group, Inc. 5.50% 10/15/20279 | | | 395 | | | | 381 | |
Performance Food Group, Inc. 4.25% 8/1/20299 | | | 340 | | | | 303 | |
Petrobras Global Finance BV 6.75% 6/3/2050 | | | 176 | | | | 158 | |
Petrobras Global Finance BV 5.50% 6/10/2051 | | | 124 | | | | 98 | |
Petroleos Mexicanos 4.625% 9/21/2023 | | | 271 | | | | 269 | |
Petroleos Mexicanos 4.875% 1/18/2024 | | | 18,251 | | | | 17,950 | |
Petroleos Mexicanos 4.25% 1/15/2025 | | | 160 | | | | 152 | |
Petroleos Mexicanos 6.875% 10/16/2025 | | | 4,006 | | | | 3,851 | |
Petroleos Mexicanos 6.875% 8/4/2026 | | | 18,610 | | | | 17,396 | |
Petroleos Mexicanos 6.49% 1/23/2027 | | | 936 | | | | 832 | |
Petroleos Mexicanos 6.50% 3/13/2027 | | | 2,804 | | | | 2,497 | |
Petroleos Mexicanos 8.75% 6/2/2029 | | | 1,250 | | | | 1,133 | |
Petroleos Mexicanos 6.70% 2/16/2032 | | | 2,540 | | | | 1,934 | |
PETRONAS Capital, Ltd. 3.50% 4/21/20309 | | | 365 | | | | 337 | |
PETRONAS Capital, Ltd. 4.55% 4/21/20509 | | | 2,540 | | | | 2,335 | |
PETRONAS Capital, Ltd. 3.404% 4/28/2061 | | | 300 | | | | 214 | |
PetSmart, LLC 4.75% 2/15/20289 | | | 1,000 | | | | 925 | |
PetSmart, LLC 7.75% 2/15/20299 | | | 500 | | | | 497 | |
Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033 | | | 10,166 | | | | 10,132 | |
Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053 | | | 2,264 | | | | 2,356 | |
PG&E Corp. 5.00% 7/1/2028 | | | 1,895 | | | | 1,741 | |
PG&E Corp. 5.25% 7/1/2030 | | | 320 | | | | 287 | |
Philip Morris International, Inc. 5.625% 11/17/2029 | | | 2,577 | | | | 2,628 | |
Philip Morris International, Inc. 2.10% 5/1/2030 | | | 3,783 | | | | 3,133 | |
Philip Morris International, Inc. 1.75% 11/1/2030 | | | 503 | | | | 398 | |
Philip Morris International, Inc. 5.75% 11/17/2032 | | | 9,986 | | | | 10,232 | |
Philip Morris International, Inc. 5.375% 2/15/2033 | | | 9,870 | | | | 9,854 | |
22 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Philippines (Republic of) 6.375% 10/23/2034 | | USD | 2,320 | | | $ | 2,595 | |
Plains All American Pipeline, LP 3.80% 9/15/2030 | | | 1,797 | | | | 1,596 | |
PLDT, Inc. 2.50% 1/23/2031 | | | 380 | | | | 313 | |
PLDT, Inc. 3.45% 6/23/2050 | | | 400 | | | | 273 | |
PM General Purchaser, LLC 9.50% 10/1/20289 | | | 365 | | | | 358 | |
PNC Financial Services Group, Inc. 5.582% 6/12/2029 (USD-SOFR + 1.841% on 6/12/2028)1 | | | 2,381 | | | | 2,372 | |
PNC Financial Services Group, Inc. 3.40% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 2.595% on 9/15/2026)1 | | | 1,284 | | | | 950 | |
POSCO 5.75% 1/17/20289 | | | 305 | | | | 310 | |
Post Holdings, Inc. 5.625% 1/15/20289 | | | 1,030 | | | | 991 | |
Post Holdings, Inc. 5.50% 12/15/20299 | | | 490 | | | | 453 | |
Post Holdings, Inc. 4.625% 4/15/20309 | | | 535 | | | | 469 | |
Power Finance Corp., Ltd. 3.35% 5/16/2031 | | | 6,950 | | | | 5,832 | |
Prestige Auto Receivables Trust, Series 2023-1, Class A2, 5.88% 3/16/20266,9 | | | 4,386 | | | | 4,371 | |
Procter & Gamble Company 0.55% 10/29/2025 | | | 1,792 | | | | 1,624 | |
Procter & Gamble Company 1.00% 4/23/2026 | | | 338 | | | | 306 | |
Procter & Gamble Company 3.95% 1/26/2028 | | | 2,500 | | | | 2,458 | |
Procter & Gamble Company 1.20% 10/29/2030 | | | 1,685 | | | | 1,360 | |
Prologis, LP 4.75% 6/15/2033 | | | 1,162 | | | | 1,136 | |
Prologis, LP 5.25% 6/15/2053 | | | 74 | | | | 73 | |
Prudential Financial, Inc. 3.905% 12/7/2047 | | | 250 | | | | 200 | |
PTTEP Treasury Center Co., Ltd. 2.587% 6/10/20279 | | | 1,460 | | | | 1,329 | |
Qatar (State of) 4.00% 3/14/20299 | | | 1,661 | | | | 1,627 | |
Qatar (State of) 4.00% 3/14/2029 | | | 675 | | | | 661 | |
Qatar (State of) 4.40% 4/16/20509 | | | 2,145 | | | | 1,956 | |
Qatar Energy 2.25% 7/12/20319 | | | 932 | | | | 783 | |
Qatar Energy 3.125% 7/12/20419 | | | 16,587 | | | | 12,726 | |
Qatar Energy 3.30% 7/12/20519 | | | 2,132 | | | | 1,569 | |
Radiology Partners, Inc. 9.25% 2/1/20289 | | | 1,414 | | | | 517 | |
Radiology Partners, Inc., Term Loan, (1-month USD CME Term SOFR + 4.25%) 9.467% 7/9/20255,10 | | | 162 | | | | 122 | |
Rakuten Group, Inc. 10.25% 11/30/20249 | | | 350 | | | | 347 | |
Range Resources Corp. 8.25% 1/15/2029 | | | 135 | | | | 141 | |
Range Resources Corp. 4.75% 2/15/20309 | | | 1,195 | | | | 1,072 | |
Raptor Acquisition Corp. 4.875% 11/1/20269 | | | 650 | | | | 613 | |
Raytheon Technologies Corp. 3.65% 8/16/2023 | | | 185 | | | | 185 | |
Raytheon Technologies Corp. 3.125% 5/4/2027 | | | 250 | | | | 234 | |
Raytheon Technologies Corp. 4.125% 11/16/2028 | | | 4,100 | | | | 3,952 | |
Raytheon Technologies Corp. 1.90% 9/1/2031 | | | 1,430 | | | | 1,143 | |
Raytheon Technologies Corp. 5.15% 2/27/2033 | | | 987 | | | | 1,001 | |
Raytheon Technologies Corp. 2.82% 9/1/2051 | | | 750 | | | | 504 | |
Raytheon Technologies Corp. 3.03% 3/15/2052 | | | 500 | | | | 352 | |
Regal Rexnord Corp. 6.40% 4/15/20339 | | | 875 | | | | 875 | |
Regeneron Pharmaceuticals, Inc. 1.75% 9/15/2030 | | | 7,373 | | | | 5,881 | |
RHP Hotel Properties, LP 7.25% 7/15/20289 | | | 504 | | | | 510 | |
RHP Hotel Properties, LP 4.50% 2/15/20299 | | | 115 | | | | 102 | |
Rio Tinto Finance (USA) PLC 5.00% 3/9/2033 | | | 700 | | | | 706 | |
Ritchie Bros. Holdings, Inc. 7.75% 3/15/20319 | | | 1,288 | | | | 1,338 | |
RLJ Lodging Trust, LP 4.00% 9/15/20299 | | | 180 | | | | 151 | |
Roche Holdings, Inc. 1.93% 12/13/20289 | | | 3,000 | | | | 2,607 | |
Roche Holdings, Inc. 2.076% 12/13/20319 | | | 6,500 | | | | 5,359 | |
Romania 7.625% 1/17/20539 | | | 346 | | | | 381 | |
Royal Bank of Canada 5.00% 2/1/2033 | | | 3,522 | | | | 3,454 | |
Royal Caribbean Cruises, Ltd. 5.375% 7/15/20279 | | | 300 | | | | 281 | |
Royal Caribbean Cruises, Ltd. 3.70% 3/15/2028 | | | 650 | | | | 566 | |
Royal Caribbean Cruises, Ltd. 5.50% 4/1/20289 | | | 475 | | | | 443 | |
Royal Caribbean Cruises, Ltd. 9.25% 1/15/20299 | | | 1,139 | | | | 1,215 | |
RP Escrow Issuer, LLC 5.25% 12/15/20259 | | | 525 | | | | 388 | |
Russian Federation 4.375% 3/21/20293 | | | 19,400 | | | | 8,148 | |
Russian Federation 5.10% 3/28/20353 | | | 1,800 | | | | 756 | |
Russian Federation 5.25% 6/23/20473,7 | | | 1,000 | | | | 60 | |
Ryan Specialty Group, LLC 4.375% 2/1/20309 | | | 305 | | | | 270 | |
Sabre GLBL, Inc. 11.25% 12/15/20279 | | | 490 | | | | 416 | |
Salesforce, Inc. 1.95% 7/15/2031 | | | 875 | | | | 723 | |
Salesforce, Inc. 2.70% 7/15/2041 | | | 375 | | | | 276 | |
Salesforce, Inc. 2.90% 7/15/2051 | | | 600 | | | | 422 | |
Sands China, Ltd. 2.80% 3/8/2027 | | | 600 | | | | 521 | |
Santander Holdings USA, Inc. 3.244% 10/5/2026 | | | 7,197 | | | | 6,486 | |
Capital World Bond Fund | 23 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Saskatchewan (Province of) 3.25% 6/8/2027 | | USD | 1,073 | | | $ | 1,018 | |
Saudi Arabia (Kingdom of) 3.25% 10/26/2026 | | | 753 | | | | 715 | |
Saudi Arabia (Kingdom of) 3.625% 3/4/2028 | | | 2,800 | | | | 2,656 | |
Saudi Arabia (Kingdom of) 4.875% 7/18/20339 | | | 595 | | | | 595 | |
Scientific Games Holdings, LP 6.625% 3/1/20309 | | | 766 | | | | 675 | |
Scientific Games International, Inc. 8.625% 7/1/20259 | | | 330 | | | | 337 | |
Scientific Games International, Inc. 7.00% 5/15/20289 | | | 310 | | | | 309 | |
SCIH Salt Holdings, Inc. 4.875% 5/1/20289 | | | 280 | | | | 250 | |
SCIH Salt Holdings, Inc. 6.625% 5/1/20299 | | | 560 | | | | 470 | |
Scotts Miracle-Gro Co. 4.50% 10/15/2029 | | | 720 | | | | 620 | |
Scotts Miracle-Gro Co. 4.375% 2/1/2032 | | | 345 | | | | 272 | |
Senegal (Republic of) 6.75% 3/13/2048 | | | 750 | | | | 539 | |
Sensata Technologies BV 4.00% 4/15/20299 | | | 620 | | | | 553 | |
Serbia (Republic of) 6.25% 5/26/20289 | | | 3,300 | | | | 3,291 | |
Serbia (Republic of) 6.50% 9/26/20339 | | | 1,378 | | | | 1,355 | |
Service Properties Trust 4.75% 10/1/2026 | | | 77 | | | | 67 | |
Service Properties Trust 4.95% 2/15/2027 | | | 125 | | | | 107 | |
Service Properties Trust 3.95% 1/15/2028 | | | 175 | | | | 137 | |
Service Properties Trust 4.95% 10/1/2029 | | | 196 | | | | 152 | |
Service Properties Trust 4.375% 2/15/2030 | | | 20 | | | | 15 | |
ServiceNow, Inc. 1.40% 9/1/2030 | | | 10,473 | | | | 8,298 | |
Sharjah (Emirate of) 6.50% 11/23/20329 | | | 2,355 | | | | 2,435 | |
Shell International Finance BV 3.50% 11/13/2023 | | | 6,611 | | | | 6,563 | |
Shell International Finance BV 3.00% 11/26/2051 | | | 890 | | | | 628 | |
Sherwin-Williams Co. 3.45% 6/1/2027 | | | 892 | | | | 841 | |
Sherwin-Williams Co. 2.95% 8/15/2029 | | | 500 | | | | 441 | |
Sherwin-Williams Co. 2.20% 3/15/2032 | | | 480 | | | | 387 | |
Sherwin-Williams Co. 3.30% 5/15/2050 | | | 750 | | | | 534 | |
Sherwin-Williams Co. 2.90% 3/15/2052 | | | 250 | | | | 161 | |
Simmons Foods, Inc. 4.625% 3/1/20299 | | | 882 | | | | 708 | |
Sinopec Group Overseas Development (2018), Ltd. 2.30% 1/8/20319 | | | 500 | | | | 431 | |
Sirius XM Radio, Inc. 3.125% 9/1/20269 | | | 825 | | | | 739 | |
Sirius XM Radio, Inc. 4.00% 7/15/20289 | | | 1,350 | | | | 1,174 | |
Sirius XM Radio, Inc. 4.125% 7/1/20309 | | | 450 | | | | 368 | |
Sirius XM Radio, Inc. 3.875% 9/1/20319 | | | 1,680 | | | | 1,301 | |
SK hynix, Inc. 1.50% 1/19/20269 | | | 752 | | | | 667 | |
SK hynix, Inc. 6.375% 1/17/20289 | | | 200 | | | | 201 | |
SK hynix, Inc. 2.375% 1/19/20319 | | | 494 | | | | 381 | |
SM Energy Co. 6.50% 7/15/2028 | | | 135 | | | | 130 | |
Sonic Automotive, Inc. 4.625% 11/15/20299 | | | 425 | | | | 356 | |
Sonic Automotive, Inc. 4.875% 11/15/20319 | | | 685 | | | | 563 | |
South32 Treasury, Ltd. 4.35% 4/14/20329 | | | 945 | | | | 830 | |
Southern California Edison Co. 4.70% 6/1/2027 | | | 228 | | | | 224 | |
Southern California Edison Co. 5.85% 11/1/2027 | | | 1,000 | | | | 1,023 | |
Southern California Edison Co. 2.85% 8/1/2029 | | | 1,100 | | | | 962 | |
Southern California Edison Co. 2.95% 2/1/2051 | | | 3,945 | | | | 2,589 | |
Southern California Edison Co. 3.65% 6/1/2051 | | | 3,310 | | | | 2,462 | |
Southern California Edison Co. 3.45% 2/1/2052 | | | 320 | | | | 229 | |
Southwestern Electric Power Co. 3.25% 11/1/2051 | | | 1,630 | | | | 1,096 | |
Southwestern Energy Co. 5.70% 1/23/20251 | | | 350 | | | | 348 | �� |
Southwestern Energy Co. 8.375% 9/15/2028 | | | 202 | | | | 210 | |
Southwestern Energy Co. 5.375% 3/15/2030 | | | 870 | | | | 813 | |
Southwestern Energy Co. 4.75% 2/1/2032 | | | 600 | | | | 530 | |
Spirit AeroSystems, Inc. 4.60% 6/15/2028 | | | 152 | | | | 128 | |
Spirit AeroSystems, Inc. 9.375% 11/30/20299 | | | 1,636 | | | | 1,753 | |
Sri Lanka (Democratic Socialist Republic of) 5.75% 4/18/20233 | | | 10,896 | | | | 4,970 | |
Sri Lanka (Democratic Socialist Republic of) 5.75% 4/18/20233,9 | | | 214 | | | | 98 | |
Sri Lanka (Democratic Socialist Republic of) 6.85% 11/3/20253 | | | 1,075 | | | | 512 | |
Standard Chartered PLC 6.296% 7/6/2034 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.58% on 7/6/2033)1,9 | | | 1,883 | | | | 1,887 | |
State Grid Overseas Investment (2016), Ltd. 3.50% 5/4/20279 | | | 500 | | | | 478 | |
State Street Corp. 5.159% 5/18/2034 (USD-SOFR + 1.89% on 5/18/2033)1 | | | 2,554 | | | | 2,540 | |
Ste Transcore Holdings, Inc. 3.75% 5/5/20322 | | | 300 | | | | 279 | |
Stellantis Finance US, Inc. 1.711% 1/29/20279 | | | 4,000 | | | | 3,507 | |
Stellantis Finance US, Inc. 5.625% 1/12/20289 | | | 5,110 | | | | 5,158 | |
Stellantis Finance US, Inc. 2.691% 9/15/20319 | | | 2,675 | | | | 2,139 | |
Stellantis Finance US, Inc. 6.375% 9/12/20329 | | | 2,400 | | | | 2,451 | |
Stericycle, Inc. 3.875% 1/15/20299 | | | 295 | | | | 262 | |
Summit Digitel Infrastructure Pvt, Ltd. 2.875% 8/12/20319 | | | 735 | | | | 582 | |
24 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Sunoco, LP 4.50% 5/15/2029 | | USD | 1,550 | | | $ | 1,377 | |
Sunoco, LP 4.50% 4/30/2030 | | | 160 | | | | 140 | |
Superior Plus, LP 4.50% 3/15/20299 | | | 105 | | | | 92 | |
Surgery Center Holdings, Inc. 10.00% 4/15/20279 | | | 325 | | | | 333 | |
SVB Financial Group 4.70% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 3.064% on 11/15/2031)1,3 | | | 3,070 | | | | 218 | |
Swedish Export Credit Corp. 4.375% 2/13/2026 | | | 1,616 | | | | 1,598 | |
Swiss Re Finance (Luxembourg) SA 5.00% 4/2/2049 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.582% on 4/2/2029)1,9 | | | 5,600 | | | | 5,372 | |
Talen Energy Supply, LLC 8.625% 6/1/20309 | | | 1,120 | | | | 1,160 | |
Target Corp. 4.50% 9/15/2032 | | | 730 | | | | 713 | |
Target Corp. 4.80% 1/15/2053 | | | 1,725 | | | | 1,653 | |
Tencent Holdings, Ltd. 1.81% 1/26/2026 | | | 600 | | | | 547 | |
Tencent Holdings, Ltd. 3.975% 4/11/2029 | | | 250 | | | | 233 | |
Tencent Holdings, Ltd. 2.39% 6/3/20309 | | | 300 | | | | 249 | |
Tencent Holdings, Ltd. 3.68% 4/22/2041 | | | 2,035 | | | | 1,577 | |
Tencent Holdings, Ltd. 3.24% 6/3/20509 | | | 9,220 | | | | 6,057 | |
Tencent Holdings, Ltd. 3.24% 6/3/2050 | | | 1,965 | | | | 1,291 | |
Tencent Holdings, Ltd. 3.84% 4/22/2051 | | | 4,082 | | | | 3,003 | |
Tenet Healthcare Corp. 4.625% 6/15/2028 | | | 350 | | | | 327 | |
Tenet Healthcare Corp. 6.125% 10/1/2028 | | | 555 | | | | 535 | |
Tenet Healthcare Corp. 6.75% 5/15/20319 | | | 890 | | | | 893 | |
Tennessee Valley Authority 3.875% 3/15/2028 | | | 1,527 | | | | 1,503 | |
Teva Pharmaceutical Finance Netherlands III BV 2.80% 7/21/2023 | | | 53 | | | | 53 | |
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026 | | | 19,115 | | | | 17,152 | |
Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027 | | | 960 | | | | 889 | |
Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029 | | | 690 | | | | 627 | |
Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031 | | | 661 | | | | 694 | |
Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046 | | | 655 | | | | 431 | |
State of Texas, Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 10/1/2052 | | | 10,005 | | | | 7,376 | |
The Allstate Corp. 0.75% 12/15/2025 | | | 440 | | | | 394 | |
The Allstate Corp. 5.25% 3/30/2033 | | | 1,069 | | | | 1,067 | |
The Charles Schwab Corp. 1.65% 3/11/2031 | | | 625 | | | | 476 | |
The Cigna Group 4.125% 11/15/2025 | | | 2,615 | | | | 2,547 | |
The Cleveland Electric Illuminating Co. 3.50% 4/1/20289 | | | 1,069 | | | | 981 | |
The Dun & Bradstreet Corp. 5.00% 12/15/20299 | | | 152 | | | | 134 | |
The Northwestern Mutual Life Insurance Co. 4.90% 6/12/20289 | | | 750 | | | | 745 | |
The Siam Commercial Bank Public Co., Ltd. 3.90% 2/11/2024 | | | 1,210 | | | | 1,196 | |
The Walt Disney Co. 2.65% 1/13/2031 | | | 7,360 | | | | 6,410 | |
Thermo Fisher Scientific, Inc. 4.80% 11/21/2027 | | | 2,300 | | | | 2,312 | |
Thermo Fisher Scientific, Inc. 4.95% 11/21/2032 | | | 328 | | | | 334 | |
Tibco Software, Inc., Term Loan A, (3-month USD CME Term SOFR + 4.50%) 9.842% 9/29/20285,10 | | | 1,531 | | | | 1,434 | |
TK Elevator U.S. Newco, Inc. 5.25% 7/15/20279 | | | 300 | | | | 278 | |
T-Mobile USA, Inc. 1.50% 2/15/2026 | | | 9,025 | | | | 8,158 | |
T-Mobile USA, Inc. 2.05% 2/15/2028 | | | 1,275 | | | | 1,106 | |
T-Mobile USA, Inc. 4.80% 7/15/2028 | | | 6,220 | | | | 6,094 | |
T-Mobile USA, Inc. 3.875% 4/15/2030 | | | 1,064 | | | | 981 | |
T-Mobile USA, Inc. 2.55% 2/15/2031 | | | 7,889 | | | | 6,560 | |
T-Mobile USA, Inc. 5.05% 7/15/2033 | | | 946 | | | | 929 | |
T-Mobile USA, Inc. 3.00% 2/15/2041 | | | 1,376 | | | | 1,007 | |
T-Mobile USA, Inc. 3.40% 10/15/2052 | | | 650 | | | | 465 | |
T-Mobile USA, Inc. 5.75% 1/15/2054 | | | 1,065 | | | | 1,101 | |
TNB Global Ventures Capital Bhd 3.244% 10/19/2026 | | | 700 | | | | 647 | |
Toronto-Dominion Bank 5.156% 1/10/2028 | | | 4,237 | | | | 4,210 | |
Toyota Motor Credit Corp. 1.90% 4/6/2028 | | | 1,067 | | | | 935 | |
Toyota Motor Credit Corp. 3.375% 4/1/2030 | | | 1,206 | | | | 1,110 | |
Toyota Motor Credit Corp. 4.55% 5/17/2030 | | | 3,300 | | | | 3,221 | |
TransCanada Pipelines, Ltd. 4.10% 4/15/2030 | | | 2,619 | | | | 2,435 | |
TransDigm, Inc. 6.25% 3/15/20269 | | | 500 | | | | 498 | |
TransDigm, Inc. 5.50% 11/15/2027 | | | 560 | | | | 529 | |
TransDigm, Inc. 6.75% 8/15/20289 | | | 710 | | | | 714 | |
TransDigm, Inc. 4.875% 5/1/2029 | | | 500 | | | | 447 | |
Transocean Poseidon, Ltd. 6.875% 2/1/20279 | | | 299 | | | | 295 | |
Transocean Titan Financing, Ltd. 8.375% 2/1/20289 | | | 1,217 | | | | 1,244 | |
Transocean, Inc. 8.75% 2/15/20309 | | | 245 | | | | 249 | |
Transocean, Inc. 6.80% 3/15/2038 | | | 750 | | | | 522 | |
Capital World Bond Fund | 25 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Travelers Companies, Inc. 4.10% 3/4/2049 | | USD | 400 | | | $ | 342 | |
Travelers Companies, Inc. 5.45% 5/25/2053 | | | 356 | | | | 373 | |
Treehouse Park Improvement Association No.1 9.75% 12/1/20337,9 | | | 800 | | | | 708 | |
Tricon Residential Trust, Series 2023-SFR1, Class A, 5.10% 7/17/20406,9 | | | 2,608 | | | | 2,550 | |
Tricon Residential Trust, Series 2023-SFR1, Class B, 5.10% 7/17/20406,9 | | | 1,467 | | | | 1,407 | |
Tricon Residential Trust, Series 2023-SFR1, Class C, 5.10% 7/17/20406,9 | | | 317 | | | | 301 | |
Trident TPI Holdings, Inc. 12.75% 12/31/20289 | | | 500 | | | | 519 | |
Triumph Group, Inc. 7.75% 8/15/2025 | | | 225 | | | | 219 | |
Triumph Group, Inc. 9.00% 3/15/20289 | | | 658 | | | | 673 | |
Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033)1 | | | 1,277 | | | | 1,278 | |
Turkey (Republic of) 6.00% 1/14/2041 | | | 2,500 | | | | 1,848 | |
U.S. Bancorp 2.677% 1/27/2033 (USD-SOFR + 1.02% on 1/27/2032)1 | | | 750 | | | | 601 | |
U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033)1 | | | 4,342 | | | | 4,058 | |
U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033)1 | | | 3,367 | | | | 3,393 | |
U.S. Treasury 6.25% 8/15/2023 | | | 2,499 | | | | 2,502 | |
U.S. Treasury 0.125% 8/31/2023 | | | 5,500 | | | | 5,455 | |
U.S. Treasury 0.50% 11/30/2023 | | | 3,000 | | | | 2,942 | |
U.S. Treasury 4.25% 9/30/2024 | | | 6,180 | | | | 6,099 | |
U.S. Treasury 4.125% 1/31/2025 | | | 3,006 | | | | 2,959 | |
U.S. Treasury 1.75% 3/15/2025 | | | 550 | | | | 520 | |
U.S. Treasury 3.875% 3/31/2025 | | | 4,007 | | | | 3,928 | |
U.S. Treasury 2.875% 4/30/2025 | | | 72 | | | | 69 | |
U.S. Treasury 3.875% 4/30/2025 | | | 11,000 | | | | 10,786 | |
U.S. Treasury 0.25% 6/30/2025 | | | 2,895 | | | | 2,644 | |
U.S. Treasury 3.125% 8/15/2025 | | | 2,500 | | | | 2,415 | |
U.S. Treasury 0.25% 10/31/2025 | | | 45 | | | | 41 | |
U.S. Treasury 3.00% 10/31/2025 | | | 718 | | | | 690 | |
U.S. Treasury 4.50% 11/15/2025 | | | 29 | | | | 29 | |
U.S. Treasury 4.00% 12/15/2025 | | | 307 | | | | 302 | |
U.S. Treasury 4.00% 2/15/2026 | | | 330 | | | | 325 | |
U.S. Treasury 0.75% 3/31/2026 | | | 28,650 | | | | 25,894 | |
U.S. Treasury 2.25% 3/31/2026 | | | 25 | | | | 24 | |
U.S. Treasury 3.75% 4/15/2026 | | | 22,566 | | | | 22,088 | |
U.S. Treasury 3.625% 5/15/2026 | | | 542 | | | | 529 | |
U.S. Treasury 0.625% 7/31/2026 | | | 32,230 | | | | 28,715 | |
U.S. Treasury 0.75% 8/31/2026 | | | 295 | | | | 263 | |
U.S. Treasury 0.875% 9/30/2026 | | | 50,975 | | | | 45,607 | |
U.S. Treasury 1.125% 10/31/2026 | | | 56,050 | | | | 50,394 | |
U.S. Treasury 1.625% 11/30/2026 | | | 4,255 | | | | 3,884 | |
U.S. Treasury 2.25% 2/15/2027 | | | 5,500 | | | | 5,115 | |
U.S. Treasury 1.875% 2/28/2027 | | | 2,200 | | | | 2,017 | |
U.S. Treasury 2.50% 3/31/2027 | | | 21,705 | | | | 20,339 | |
U.S. Treasury 2.75% 4/30/2027 | | | 3,280 | | | | 3,098 | |
U.S. Treasury 2.625% 5/31/2027 | | | 4,002 | | | | 3,760 | |
U.S. Treasury 2.75% 7/31/2027 | | | 7,400 | | | | 6,976 | |
U.S. Treasury 0.50% 8/31/2027 | | | 4,200 | | | | 3,603 | |
U.S. Treasury 3.125% 8/31/2027 | | | 153,500 | | | | 146,786 | |
U.S. Treasury 4.125% 9/30/2027 | | | 102,425 | | | | 101,841 | |
U.S. Treasury 4.125% 10/31/202713 | | | 91,001 | | | | 90,498 | |
U.S. Treasury 3.875% 11/30/2027 | | | 5,250 | | | | 5,175 | |
U.S. Treasury 3.875% 12/31/2027 | | | 26,975 | | | | 26,594 | |
U.S. Treasury 2.75% 2/15/2028 | | | 310 | | | | 291 | |
U.S. Treasury 1.125% 2/29/2028 | | | 8,937 | | | | 7,788 | |
U.S. Treasury 4.00% 2/29/2028 | | | 5,688 | | | | 5,646 | |
U.S. Treasury 1.25% 3/31/2028 | | | 2,744 | | | | 2,401 | |
U.S. Treasury 3.625% 3/31/2028 | | | 1 | | | | — | 8 |
U.S. Treasury 2.875% 5/15/202813 | | | 27,630 | | | | 26,067 | |
U.S. Treasury 3.625% 5/31/2028 | | | 35,362 | | | | 34,584 | |
U.S. Treasury 1.125% 8/31/202813 | | | 15,000 | | | | 12,923 | |
U.S. Treasury 1.625% 8/15/202913 | | | 8,940 | | | | 7,795 | |
U.S. Treasury 3.875% 12/31/2029 | | | 2,000 | | | | 1,982 | |
U.S. Treasury 1.50% 2/15/2030 | | | 240 | | | | 206 | |
U.S. Treasury 0.625% 5/15/203013 | | | 17,634 | | | | 14,125 | |
U.S. Treasury 3.75% 5/31/2030 | | | 3,826 | | | | 3,772 | |
U.S. Treasury 0.625% 8/15/2030 | | | 20 | | | | 16 | |
U.S. Treasury 1.625% 5/15/2031 | | | 2,810 | | | | 2,387 | |
U.S. Treasury 1.25% 8/15/2031 | | | 1,114 | | | | 914 | |
U.S. Treasury 2.875% 5/15/2032 | | | 18,675 | | | | 17,307 | |
U.S. Treasury 4.125% 11/15/2032 | | | 602 | | | | 615 | |
26 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
U.S. Treasury 3.50% 2/15/2033 | | USD | — | 8 | | | — | 8 |
U.S. Treasury 3.375% 5/15/2033 | | | 15,510 | | | $ | 14,981 | |
U.S. Treasury 4.50% 5/15/2038 | | | 1,000 | | | | 1,077 | |
U.S. Treasury 4.25% 5/15/2039 | | | 515 | | | | 539 | |
U.S. Treasury 4.50% 8/15/2039 | | | 3,015 | | | | 3,242 | |
U.S. Treasury 4.375% 11/15/2039 | | | 1,500 | | | | 1,589 | |
U.S. Treasury 1.125% 5/15/2040 | | | 660 | | | | 428 | |
U.S. Treasury 1.125% 8/15/2040 | | | 3,750 | | | | 2,412 | |
U.S. Treasury 1.875% 2/15/204113 | | | 18,210 | | | | 13,222 | |
U.S. Treasury 2.25% 5/15/2041 | | | 7,790 | | | | 6,000 | |
U.S. Treasury 1.75% 8/15/2041 | | | 3,460 | | | | 2,431 | |
U.S. Treasury 3.125% 11/15/2041 | | | 100 | | | | 88 | |
U.S. Treasury 3.25% 5/15/2042 | | | 1,636 | | | | 1,460 | |
U.S. Treasury 2.75% 8/15/2042 | | | 100 | | | | 82 | |
U.S. Treasury 2.75% 11/15/2042 | | | 1,000 | | | | 823 | |
U.S. Treasury 3.875% 2/15/2043 | | | 2,160 | | | | 2,105 | |
U.S. Treasury 3.875% 5/15/2043 | | | 11,170 | | | | 10,929 | |
U.S. Treasury 3.375% 5/15/2044 | | | 2,700 | | | | 2,434 | |
U.S. Treasury 3.125% 8/15/2044 | | | 940 | | | | 813 | |
U.S. Treasury 2.50% 2/15/2045 | | | 1,900 | | | | 1,471 | |
U.S. Treasury 3.00% 5/15/2045 | | | 1,125 | | | | 950 | |
U.S. Treasury 2.875% 8/15/2045 | | | 1,250 | | | | 1,031 | |
U.S. Treasury 3.00% 11/15/2045 | | | 1,425 | | | | 1,202 | |
U.S. Treasury 3.00% 2/15/2048 | | | 3,165 | | | | 2,667 | |
U.S. Treasury 3.125% 5/15/2048 | | | 800 | | | | 690 | |
U.S. Treasury 3.00% 2/15/2049 | | | 1,080 | | | | 913 | |
U.S. Treasury 2.00% 2/15/205013 | | | 18,940 | | | | 12,978 | |
U.S. Treasury 1.25% 5/15/205013 | | | 12,110 | | | | 6,806 | |
U.S. Treasury 1.375% 8/15/2050 | | | 1,310 | | | | 761 | |
U.S. Treasury 1.625% 11/15/2050 | | | 4,710 | | | | 2,922 | |
U.S. Treasury 2.375% 5/15/2051 | | | 1,420 | | | | 1,055 | |
U.S. Treasury 2.00% 8/15/205113 | | | 37,600 | | | | 25,599 | |
U.S. Treasury 1.875% 11/15/205113 | | | 106,307 | | | | 70,104 | |
U.S. Treasury 2.25% 2/15/205213 | | | 51,400 | | | | 37,110 | |
U.S. Treasury 2.875% 5/15/2052 | | | 2,986 | | | | 2,472 | |
U.S. Treasury 3.00% 8/15/205213 | | | 19,183 | | | | 16,295 | |
U.S. Treasury 4.00% 11/15/2052 | | | 6,930 | | | | 7,111 | |
U.S. Treasury 3.625% 2/15/2053 | | | 2,640 | | | | 2,531 | |
U.S. Treasury Inflation-Protected Security 1.625% 10/15/20274 | | | 7,384 | | | | 7,279 | |
U.S. Treasury Inflation-Protected Security 0.125% 2/15/20514,13 | | | 17,108 | | | | 11,405 | |
Uber Technologies, Inc. 8.00% 11/1/20269 | | | 890 | | | | 908 | |
UBS Group AG 4.49% 8/5/2025 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.60% on 8/5/2024)1,9 | | | 7,050 | | | | 6,893 | |
UBS Group AG 3.869% 1/12/2029 (3-month USD-LIBOR + 1.41% on 1/12/2028)1,9 | | | 3,799 | | | | 3,438 | |
UKG, Inc., Term Loan, (1-month USD CME Term SOFR + 4.50%) 4.50% 5/4/20265,10 | | | 550 | | | | 550 | |
UKG, Inc., Term Loan, (3-month USD CME Term SOFR + 5.25%) 10.271% 5/3/20275,10 | | | 675 | | | | 655 | |
Ukraine 7.75% 9/1/20243 | | | 44,660 | | | | 11,612 | |
Ukraine 8.994% 2/1/20263 | | | 4,127 | | | | 1,047 | |
Ukraine 7.75% 9/1/20263 | | | 12,460 | | | | 3,034 | |
Ukraine 7.75% 9/1/20293 | | | 2,300 | | | | 557 | |
Ukraine 6.876% 5/21/20313 | | | 9,540 | | | | 2,204 | |
UniCredit SpA 5.459% 6/30/2035 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.75% on 6/30/2030)1,9 | | | 16,050 | | | | 13,634 | |
Uniform Mortgage-Backed Security 2.00% 7/1/20386,12 | | | 20,125 | | | | 17,836 | |
Uniform Mortgage-Backed Security 2.00% 7/1/20536,12 | | | 31,508 | | | | 25,702 | |
Uniform Mortgage-Backed Security 2.50% 7/1/20536,12 | | | 64,983 | | | | 55,114 | |
Uniform Mortgage-Backed Security 3.00% 7/1/20536,12 | | | 1,060 | | | | 933 | |
Uniform Mortgage-Backed Security 3.50% 7/1/20536,12 | | | 169,230 | | | | 154,231 | |
Uniform Mortgage-Backed Security 4.00% 7/1/20536,12 | | | 29,815 | | | | 27,983 | |
Uniform Mortgage-Backed Security 4.50% 7/1/20536,12 | | | 130,094 | | | | 125,083 | |
Uniform Mortgage-Backed Security 5.00% 7/1/20536,12 | | | 22,336 | | | | 21,887 | |
Uniform Mortgage-Backed Security 5.50% 7/1/20536,12 | | | 20,884 | | | | 20,784 | |
Uniform Mortgage-Backed Security 6.00% 7/1/20536,12 | | | 61,570 | | | | 62,118 | |
Uniform Mortgage-Backed Security 2.00% 8/1/20536,12 | | | 13,500 | | | | 11,028 | |
Uniform Mortgage-Backed Security 2.50% 8/1/20536,12 | | | 121,560 | | | | 103,250 | |
Uniform Mortgage-Backed Security 3.00% 8/1/20536,12 | | | 11,740 | | | | 10,349 | |
Uniform Mortgage-Backed Security 3.50% 8/1/20536,12 | | | 10,700 | | | | 9,762 | |
Uniform Mortgage-Backed Security 4.00% 8/1/20536,12 | | | 38,000 | | | | 35,695 | |
Uniform Mortgage-Backed Security 4.50% 8/1/20536,12 | | | 87,000 | | | | 83,690 | |
Capital World Bond Fund | 27 |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
Uniform Mortgage-Backed Security 6.00% 8/1/20536,12 | | USD | 43,710 | | | $ | 44,089 | |
Union Pacific Corp. 2.80% 2/14/2032 | | | 4,000 | | | | 3,454 | |
Union Pacific Corp. 4.30% 3/1/2049 | | | 1,550 | | | | 1,366 | |
United Mexican States 4.875% 5/19/2033 | | | 210 | | | | 201 | |
United Mexican States 5.00% 4/27/2051 | | | 1,020 | | | | 887 | |
United Mexican States 6.338% 5/4/2053 | | | 3,745 | | | | 3,824 | |
United Mexican States 3.771% 5/24/2061 | | | 1,300 | | | | 887 | |
United Natural Foods, Inc. 6.75% 10/15/20289 | | | 500 | | | | 415 | |
UnitedHealth Group, Inc. 3.75% 7/15/2025 | | | 1,658 | | | | 1,614 | |
UnitedHealth Group, Inc. 3.70% 5/15/2027 | | | 1,423 | | | | 1,373 | |
UnitedHealth Group, Inc. 4.20% 5/15/2032 | | | 1,365 | | | | 1,304 | |
UnitedHealth Group, Inc. 4.25% 6/15/2048 | | | 757 | | | | 668 | |
UnitedHealth Group, Inc. 3.25% 5/15/2051 | | | 731 | | | | 546 | |
UnitedHealth Group, Inc. 4.75% 5/15/2052 | | | 230 | | | | 218 | |
Universal Entertainment Corp. 8.75% 12/11/20249 | | | 500 | | | | 493 | |
Univision Communications, Inc. 4.50% 5/1/20299 | | | 3,015 | | | | 2,594 | |
Univision Communications, Inc. 7.375% 6/30/20309 | | | 50 | | | | 48 | |
US Foods, Inc. 4.625% 6/1/20309 | | | 585 | | | | 525 | |
Vail Resorts, Inc. 6.25% 5/15/20259 | | | 760 | | | | 762 | |
Vale Overseas, Ltd. 3.75% 7/8/2030 | | | 5 | | | | 4 | |
Valvoline, Inc. 3.625% 6/15/20319 | | | 733 | | | | 597 | |
Venator Finance SARL 9.50% 7/1/20253,9 | | | 465 | | | | 356 | |
Venator Finance SARL 5.75% 7/15/20253,9 | | | 654 | | | | 16 | |
Venator Finance SARL, Term Loan, 15.05% 9/14/20235,10 | | | 106 | | | | 109 | |
Venezuela (Bolivarian Republic of) 7.00% 12/1/20183 | | | 60 | | | | 4 | |
Venezuela (Bolivarian Republic of) 7.75% 10/13/20193 | | | 1,074 | | | | 64 | |
Venezuela (Bolivarian Republic of) 6.00% 12/9/20203 | | | 883 | | | | 55 | |
Venezuela (Bolivarian Republic of) 12.75% 8/23/20223 | | | 80 | | | | 7 | |
Venezuela (Bolivarian Republic of) 8.25% 10/13/20243 | | | 279 | | | | 26 | |
Venezuela (Bolivarian Republic of) 7.65% 4/21/20253 | | | 120 | | | | 10 | |
Venezuela (Bolivarian Republic of) 11.75% 10/21/20263 | | | 60 | | | | 6 | |
Venezuela (Bolivarian Republic of) 9.25% 9/15/20273 | | | 159 | | | | 14 | |
Venezuela (Bolivarian Republic of) 9.25% 5/7/20283 | | | 2,498 | | | | 225 | |
Venezuela (Bolivarian Republic of) 11.95% 8/5/20313 | | | 99 | | | | 9 | |
Venezuela (Bolivarian Republic of) 9.00% 5/7/20333 | | | 1,289 | | | | 116 | |
Venezuela (Bolivarian Republic of) 7.00% 3/31/20383 | | | 99 | | | | 9 | |
Venture Global Calcasieu Pass, LLC 3.875% 8/15/20299 | | | 310 | | | | 271 | |
Venture Global Calcasieu Pass, LLC 6.25% 1/15/20309 | | | 189 | | | | 188 | |
Venture Global Calcasieu Pass, LLC 4.125% 8/15/20319 | | | 1,490 | | | | 1,283 | |
Venture Global LNG, Inc. 8.125% 6/1/20289 | | | 350 | | | | 356 | |
Verizon Communications, Inc. 4.329% 9/21/2028 | | | 3,315 | | | | 3,197 | |
Verizon Communications, Inc. 3.15% 3/22/2030 | | | 3,500 | | | | 3,112 | |
Verizon Communications, Inc. 1.68% 10/30/2030 | | | 712 | | | | 563 | |
Verizon Communications, Inc. 1.75% 1/20/2031 | | | 1,212 | | | | 957 | |
Verizon Communications, Inc. 2.55% 3/21/2031 | | | 15,585 | | | | 13,017 | |
Verizon Communications, Inc. 3.40% 3/22/2041 | | | 1,800 | | | | 1,390 | |
Verizon Communications, Inc. 3.55% 3/22/2051 | | | 1,594 | | | | 1,190 | |
VICI Properties, LP 4.375% 5/15/2025 | | | 996 | | | | 963 | |
VICI Properties, LP 4.625% 6/15/20259 | | | 751 | | | | 726 | |
VICI Properties, LP 4.50% 1/15/20289 | | | 1,642 | | | | 1,510 | |
VICI Properties, LP 4.75% 2/15/2028 | | | 2,064 | | | | 1,956 | |
VICI Properties, LP 4.625% 12/1/20299 | | | 492 | | | | 447 | |
VICI Properties, LP 4.95% 2/15/2030 | | | 1,767 | | | | 1,659 | |
VICI Properties, LP 4.125% 8/15/20309 | | | 520 | | | | 458 | |
VICI Properties, LP 5.125% 5/15/2032 | | | 905 | | | | 848 | |
VICI Properties, LP 5.625% 5/15/2052 | | | 275 | | | | 245 | |
Vigorous Champion International, Ltd. 4.25% 5/28/2029 | | | 1,000 | | | | 889 | |
Volkswagen Group of America Finance, LLC 4.25% 11/13/20239 | | | 11,700 | | | | 11,632 | |
VZ Secured Financing BV 5.00% 1/15/20329 | | | 200 | | | | 161 | |
W&T Offshore, Inc. 11.75% 2/1/20269 | | | 325 | | | | 324 | |
WarnerMedia Holdings, Inc. 4.279% 3/15/2032 | | | 2,873 | | | | 2,549 | |
WarnerMedia Holdings, Inc. 5.05% 3/15/2042 | | | 11,988 | | | | 10,111 | |
Warrior Met Coal, Inc. 7.875% 12/1/20289 | | | 300 | | | | 302 | |
WASH Multifamily Acquisition, Inc. 5.75% 4/15/20269 | | | 1,572 | | | | 1,469 | |
Weatherford International, Ltd. 6.50% 9/15/20289 | | | 900 | | | | 905 | |
Weatherford International, Ltd. 8.625% 4/30/20309 | | | 683 | | | | 694 | |
Wells Fargo & Company 3.526% 3/24/2028 (USD-SOFR + 1.51% on 3/24/2027)1 | | | 13,194 | | | | 12,328 | |
Wells Fargo & Company 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052)1 | | | 9,952 | | | | 8,736 | |
WESCO Distribution, Inc. 7.125% 6/15/20259 | | | 320 | | | | 324 | |
28 | Capital World Bond Fund |
Bonds, notes & other debt instruments (continued) | | Principal amount (000) | | | Value (000) | |
U.S. dollars (continued) | | | | | | | | |
WESCO Distribution, Inc. 7.25% 6/15/20289 | | USD | 347 | | | $ | 354 | |
Western Midstream Operating, LP 3.35% 2/1/20251 | | | 370 | | | | 354 | |
Western Midstream Operating, LP 3.95% 6/1/2025 | | | 50 | | | | 48 | |
Western Midstream Operating, LP 6.15% 4/1/2033 | | | 575 | | | | 580 | |
Western Midstream Operating, LP 5.50% 2/1/20501 | | | 750 | | | | 615 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class A2A, 5.51% 6/15/20266,9 | | | 9,470 | | | | 9,437 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class A3, 5.21% 1/18/20286,9 | | | 1,769 | | | | 1,751 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class B, 5.41% 1/18/20286,9 | | | 379 | | | | 374 | |
Westpac Banking Corp. 2.894% 2/4/2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.35% on 2/4/2025)1 | | | 8,440 | | | | 7,890 | |
Westpac Banking Corp. 2.668% 11/15/2035 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 11/15/2030)1 | | | 3,142 | | | | 2,414 | |
Westpac Banking Corp. 2.963% 11/16/2040 | | | 400 | | | | 269 | |
WeWork Companies, LLC 6.00% PIK and 5.00% Cash 8/15/20279,11 | | | 488 | | | | 204 | |
WeWork Companies, LLC 8.00% PIK and 7.00% Cash 8/15/20279,11 | | | 389 | | | | 345 | |
Williams Companies, Inc. 3.50% 11/15/2030 | | | 2,565 | | | | 2,295 | |
Williams Companies, Inc. 2.60% 3/15/2031 | | | 860 | | | | 713 | |
Willis North America, Inc. 4.65% 6/15/2027 | | | 375 | | | | 365 | |
Willis North America, Inc. 5.35% 5/15/2033 | | | 4,000 | | | | 3,903 | |
WMG Acquisition Corp. 3.75% 12/1/20299 | | | 922 | | | | 798 | |
WMG Acquisition Corp. 3.875% 7/15/20309 | | | 885 | | | | 764 | |
WMG Acquisition Corp. 3.00% 2/15/20319 | | | 605 | | | | 490 | |
Wolfspeed, Inc. 9.875% 6/23/2030 (10.875% on 6/23/2026)1,2,7 | | | 680 | | | | 653 | |
Wyndham Hotels & Resorts, Inc. 4.375% 8/15/20289 | | | 830 | | | | 759 | |
Wynn Las Vegas, LLC 5.50% 3/1/20259 | | | 710 | | | | 699 | |
Wynn Resorts Finance, LLC 7.125% 2/15/20319 | | | 277 | | | | 276 | |
Xiaomi Best Time International, Ltd. 2.875% 7/14/20319 | | | 780 | | | | 590 | |
Yahoo Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.50%) 10.717% 9/1/20275,10 | | | 250 | | | | 239 | |
ZF North America Capital, Inc. 7.125% 4/14/20309 | | | 300 | | | | 305 | |
Ziggo Bond Co. BV 5.125% 2/28/20309 | | | 325 | | | | 246 | |
Ziggo BV 4.875% 1/15/20309 | | | 530 | | | | 440 | |
Zoetis, Inc. 5.60% 11/16/2032 | | | 1,625 | | | | 1,699 | |
| | | | | | | 4,224,921 | |
| | | | | | | | |
Total bonds, notes & other debt instruments (cost: $9,636,286,000) | | | | | | | 8,772,454 | |
| | | | | | | | |
Investment funds 0.59% | | Shares | | | | | |
U.S. dollars 0.59% | | | | | | | | |
Capital Group Central Corporate Bond Fund14 | | | 6,755,625 | | | | 55,937 | |
| | | | | | | | |
Total investment funds (cost: $54,356,000) | | | | | | | 55,937 | |
| | | | | | | | |
Convertible bonds & notes 0.02% | | Principal amount (000) | | | | | |
U.S. dollars 0.02% | | | | | | | | |
Airbnb, Inc., convertible notes, 0% 3/15/2026 | | USD | 543 | | | | 475 | |
DISH Network Corp., convertible notes, 3.375% 8/15/2026 | | | 390 | | | | 200 | |
Duke Energy Corp., convertible notes, 4.125% 4/15/20269 | | | 230 | | | | 225 | |
Marriott Vacations Worldwide Corp. 3.25% 12/15/20279 | | | 236 | | | | 224 | |
PENN Entertainment, Inc. 2.75% 5/15/2026 | | | 87 | | | | 108 | |
Royal Caribbean Cruises, Ltd. 6.00% 8/15/20259 | | | 152 | | | | 335 | |
| | | | | | | 1,567 | |
| | | | | | | | |
Total convertible bonds & notes (cost: $1,845,000) | | | | | | | 1,567 | |
| | | | | | | | |
Preferred securities 0.00% | | Shares | | | | | |
U.S. dollars 0.00% | | | | | | | | |
ACR III LSC Holdings, LLC, Series B, preferred shares7,9,15 | | | 277 | | | | 207 | |
| | | | | | | | |
Total preferred securities (cost: $287,000) | | | | | | | 207 | |
| |
Capital World Bond Fund | 29 |
Common stocks 0.02% | | Shares | | | Value (000) | |
U.S. dollars 0.02% | | | | | | | | |
Chesapeake Energy Corp. | | | 9,204 | | | $ | 770 | |
Constellation Oil Services Holding SA, Class B-17,15 | | | 3,023,297 | | | | 333 | |
Talen Energy Corp.15 | | | 4,629 | | | | 232 | |
WeWork, Inc., Class A15 | | | 105,300 | | | | 27 | |
Altera Infrastructure, LP7,15 | | | 70 | | | | 6 | |
Bighorn Permian Resources, LLC7 | | | 2,668 | | | | — | 8 |
| | | | | | | | |
Total common stocks (cost: $640,000) | | | | | | | 1,368 | |
| | | | | | | | |
Short-term securities 14.95% | | | | | | | | |
Money market investments 13.14% | | | | | | | | |
Capital Group Central Cash Fund 5.15%14,16 | | | | | | | 12,388,889 | | | | 1,239,013 | |
| | | | | | | | | | | | |
| Weighted average yield at acquisition | | | Principal amount (000) | | | | |
Bills & notes of governments & government agencies outside the U.S. 1.60% | | | | | |
Japan Treasury 1/22/2024 | | | (0.112 | )% | | JPY | 287,100 | | | | 1,991 | |
Japan Treasury 2/20/2024 | | | (0.103 | ) | | | 21,265,700 | | | | 147,517 | |
Sri Lanka (Democratic Socialist Republic of) 8/11/2023 | | | 22.478 | | | LKR | 142,000 | | | | 453 | |
Sri Lanka (Democratic Socialist Republic of) 11/10/2023 | | | 21.545 | | | | 201,000 | | | | 609 | |
Sri Lanka (Democratic Socialist Republic of) 5/10/2024 | | | 17.987 | | | | 230,000 | | | | 646 | |
| | | | | | | | | | | 151,216 | |
U.S. Treasury bills 0.21% | | | | | | | | | | | | |
U.S. Treasury 11/2/2023 | | | 4.530 | | | USD | 20,000 | | | | 19,647 | |
| | | | | | | | | | | | |
Total short-term securities (cost: $1,421,016,000) | | | | | | | | | | | 1,409,876 | |
Total investment securities 108.62% (cost: $11,114,430,000) | | | | | | | | 10,241,409 | |
Other assets less liabilities (8.62)% | | | | | | | | | | | (813,093 | ) |
| | | | | | | | | | | | |
Net assets 100.00% | | | | | | | | | | $ | 9,428,316 | |
Futures contracts
Contracts | | Type | | Number of contracts | | Expiration | | Notional amount (000) | | | Value and unrealized appreciation (depreciation) at 6/30/2023 (000) | |
30 Day Federal Funds Futures | | Long | | 46 | | July 2023 | | | USD18,190 | | | $ | 7 | |
30 Day Federal Funds Futures | | Short | | 34 | | August 2023 | | | (13,420 | ) | | | 5 | |
30 Day Federal Funds Futures | | Short | | 5 | | October 2023 | | | (1,972 | ) | | | 6 | |
30 Day Federal Funds Futures | | Short | | 2 | | November 2023 | | | (788 | ) | | | 1 | |
3 Month SOFR Futures | | Long | | 49 | | September 2024 | | | 11,667 | | | | (20 | ) |
2 Year Euro-Schatz Futures | | Short | | 2,213 | | September 2023 | | | (253,195 | ) | | | 413 | |
2 Year U.S. Treasury Note Futures | | Long | | 4,914 | | September 2023 | | | 999,231 | | | | (7,187 | ) |
5 Year Euro-Bobl Futures | | Long | | 3,021 | | September 2023 | | | 381,440 | | | | (5,726 | ) |
5 Year Canadian Government Bond Futures | | Long | | 210 | | September 2023 | | | 17,461 | | | | (149 | ) |
5 Year U.S. Treasury Note Futures | | Long | | 6,720 | | September 2023 | | | 719,670 | | | | (11,242 | ) |
10 Year Italy Government Bond Futures | | Long | | 365 | | September 2023 | | | 46,245 | | | | (155 | ) |
10 Year French Government Bond Futures | | Short | | 171 | | September 2023 | | | (23,959 | ) | | | 269 | |
10 Year Euro-Bund Futures | | Short | | 591 | | September 2023 | | | (86,249 | ) | | | 423 | |
10 Year Japanese Government Bond Futures | | Short | | 427 | | September 2023 | | | (439,592 | ) | | | (1,674 | ) |
10 Year Australian Treasury Bond Futures | | Long | | 445 | | September 2023 | | | 34,438 | | | | (53 | ) |
10 Year Canadian Government Bond Futures | | Long | | 82 | | September 2023 | | | 7,584 | | | | (18 | ) |
10 Year U.S. Treasury Note Futures | | Short | | 1,884 | | September 2023 | | | (211,508 | ) | | | 2,496 | |
10 Year Ultra U.S. Treasury Note Futures | | Short | | 2,689 | | September 2023 | | | (318,478 | ) | | | 3,194 | |
10 Year UK Gilt Futures Long 540 | | | | | | September 2023 | | | 65,357 | | | | (143 | ) |
| |
30 | Capital World Bond Fund |
Futures contracts (continued)
Contracts | | Type | | Number of contracts | | Expiration | | Notional amount (000) | | | Value and unrealized appreciation (depreciation) at 6/30/2023 (000) | |
20 Year U.S. Treasury Bond Futures | | Long | | 1,042 | | September 2023 | | | USD132,236 | | | $ | 256 | |
30 Year Euro-Buxl Futures | | Long | | 46 | | September 2023 | | | 7,007 | | | | 104 | |
30 Year Ultra U.S. Treasury Bond Futures | | Short | | 202 | | September 2023 | | | (27,516 | ) | | | (107 | ) |
| | | | | | | | | | | | $ | (19,300 | ) |
Forward currency contracts
Contract amount | | | | | | Unrealized appreciation (depreciation) | |
Currency purchased (000) | | Currency sold (000) | | Counterparty | | Settlement date | | at 6/30/2023 (000) | |
CZK | | 14,550 | | USD | | 667 | | Barclays Bank PLC | | 7/3/2023 | | $ | 1 | |
USD | | 651 | | CZK | | 14,550 | | JPMorgan Chase | | 7/3/2023 | | | (17 | ) |
PLN | | 4,184 | | USD | | 991 | | Goldman Sachs | | 7/5/2023 | | | 38 | |
USD | | 584 | | PLN | | 2,383 | | Goldman Sachs | | 7/5/2023 | | | (2 | ) |
USD | | 10,689 | | ZAR | | 204,840 | | Bank of New York Mellon | | 7/6/2023 | | | (189 | ) |
USD | | 17,927 | | ZAR | | 349,470 | | UBS AG | | 7/6/2023 | | | (630 | ) |
EUR | | 55,086 | | USD | | 59,511 | | Goldman Sachs | | 7/7/2023 | | | 618 | |
EUR | | 13,043 | | USD | | 14,069 | | Barclays Bank PLC | | 7/7/2023 | | | 168 | |
ZAR | | 16,450 | | USD | | 832 | | JPMorgan Chase | | 7/7/2023 | | | 42 | |
EUR | | 2,359 | | USD | | 2,546 | | HSBC Bank | | 7/7/2023 | | | 29 | |
USD | | 1,233 | | MYR | | 5,635 | | BNP Paribas | | 7/7/2023 | | | 19 | |
EUR | | 1,579 | | USD | | 1,707 | | Standard Chartered Bank | | 7/7/2023 | | | 17 | |
EUR | | 2,201 | | USD | | 2,394 | | JPMorgan Chase | | 7/7/2023 | | | 8 | |
MXN | | 1,696 | | USD | | 95 | | JPMorgan Chase | | 7/7/2023 | | | 4 | |
DKK | | 301,540 | | EUR | | 40,500 | | Citibank | | 7/7/2023 | | | 1 | |
EUR | | 357 | | USD | | 390 | | Bank of New York Mellon | | 7/7/2023 | | | (1 | ) |
MXN | | 305,000 | | USD | | 17,830 | | Bank of America | | 7/7/2023 | | | (36 | ) |
USD | | 11,623 | | CAD | | 15,730 | | Bank of America | | 7/7/2023 | | | (252 | ) |
USD | | 88,664 | | EUR | | 82,071 | | Goldman Sachs | | 7/7/2023 | | | (921 | ) |
USD | | 26,261 | | MXN | | 472,400 | | Citibank | | 7/7/2023 | | | (1,300 | ) |
EUR | | 90,700 | | USD | | 97,590 | | Morgan Stanley | | 7/10/2023 | | | 1,431 | |
USD | | 47,982 | | KRW | | 62,299,520 | | Citibank | | 7/10/2023 | | | 683 | |
CAD | | 35,917 | | USD | | 26,714 | | HSBC Bank | | 7/10/2023 | | | 403 | |
GBP | | 7,900 | | USD | | 9,879 | | HSBC Bank | | 7/10/2023 | | | 155 | |
MXN | | 886,750 | | USD | | 51,608 | | Bank of America | | 7/10/2023 | | | 94 | |
ZAR | | 22,218 | | USD | | 1,124 | | Morgan Stanley | | 7/10/2023 | | | 56 | |
EUR | | 33,350 | | CAD | | 48,183 | | HSBC Bank | | 7/10/2023 | | | 33 | |
ILS | | 14,850 | | USD | | 3,977 | | Goldman Sachs | | 7/10/2023 | | | 31 | |
EUR | | 1,802 | | USD | | 1,945 | | HSBC Bank | | 7/10/2023 | | | 22 | |
HUF | | 171,275 | | USD | | 491 | | JPMorgan Chase | | 7/10/2023 | | | 9 | |
HUF | | 788,520 | | EUR | | 2,104 | | JPMorgan Chase | | 7/10/2023 | | | 6 | |
GBP | | 1,975 | | USD | | 2,533 | | Bank of New York Mellon | | 7/10/2023 | | | (25 | ) |
USD | | 557 | | ZAR | | 11,015 | | Morgan Stanley | | 7/10/2023 | | | (28 | ) |
USD | | 11,112 | | CAD | | 14,940 | | HSBC Bank | | 7/10/2023 | | | (168 | ) |
USD | | 17,329 | | HUF | | 6,044,230 | | Goldman Sachs | | 7/10/2023 | | | (325 | ) |
USD | | 27,588 | | EUR | | 25,640 | | Morgan Stanley | | 7/10/2023 | | | (405 | ) |
USD | | 40,241 | | GBP | | 32,180 | | HSBC Bank | | 7/10/2023 | | | (630 | ) |
JPY | | 3,612,930 | | USD | | 26,066 | | Morgan Stanley | | 7/10/2023 | | | (989 | ) |
JPY | | 4,731,480 | | USD | | 34,136 | | Morgan Stanley | | 7/10/2023 | | | (1,295 | ) |
USD | | 128,493 | | AUD | | 195,092 | | Barclays Bank PLC | | 7/10/2023 | | | (1,507 | ) |
USD | | 87,077 | | MXN | | 1,532,266 | | Morgan Stanley | | 7/10/2023 | | | (2,262 | ) |
AUD | | 118,754 | | USD | | 81,718 | | Bank of America | | 7/10/2023 | | | (2,587 | ) |
EUR | | 32,990 | | USD | | 35,402 | | Citibank | | 7/11/2023 | | | 616 | |
PLN | | 9,550 | | USD | | 2,281 | | JPMorgan Chase | | 7/11/2023 | | | 66 | |
EUR | | 510 | | USD | | 557 | | HSBC Bank | | 7/11/2023 | | | (1 | ) |
MYR | | 3,977 | | USD | | 864 | | HSBC Bank | | 7/11/2023 | | | (7 | ) |
USD | | 1,419 | | ILS | | 5,296 | | JPMorgan Chase | | 7/11/2023 | | | (11 | ) |
| |
Capital World Bond Fund | 31 |
Forward currency contracts (continued)
Contract amount | | | | | | Unrealized appreciation (depreciation) | |
Currency purchased (000) | | Currency sold (000) | | Counterparty | | Settlement date | | at 6/30/2023 (000) | |
USD | | 2,185 | | CZK | | 48,220 | | JPMorgan Chase | | 7/11/2023 | | $ | (27 | ) |
THB | | 56,903 | | USD | | 1,646 | | Citibank | | 7/11/2023 | | | (33 | ) |
ILS | | 5,296 | | USD | | 1,479 | | Goldman Sachs | | 7/11/2023 | | | (50 | ) |
CNH | | 17,638 | | USD | | 2,484 | | Citibank | | 7/11/2023 | | | (55 | ) |
USD | | 7,554 | | EUR | | 7,039 | | Citibank | | 7/11/2023 | | | (132 | ) |
EUR | | 86,432 | | JPY | | 12,908,250 | | Bank of America | | 7/12/2023 | | | 4,746 | |
MXN | | 1,525,210 | | USD | | 87,033 | | Morgan Stanley | | 7/12/2023 | | | 1,856 | |
CAD | | 4,741 | | USD | | 3,551 | | Bank of America | | 7/12/2023 | | | 29 | |
CZK | | 10,026 | | USD | | 454 | | Goldman Sachs | | 7/12/2023 | | | 5 | |
USD | | 24,474 | | CAD | | 32,679 | | Bank of America | | 7/12/2023 | | | (199 | ) |
THB | | 730,400 | | USD | | 21,122 | | HSBC Bank | | 7/12/2023 | | | (425 | ) |
JPY | | 21,867,510 | | USD | | 157,988 | | HSBC Bank | | 7/12/2023 | | | (6,154 | ) |
BRL | | 1,681 | | USD | | 343 | | Morgan Stanley | | 7/13/2023 | | | 7 | |
THB | | 1,657,980 | | USD | | 47,960 | | Citibank | | 7/14/2023 | | | (969 | ) |
PLN | | 136,010 | | USD | | 32,697 | | HSBC Bank | | 7/17/2023 | | | 723 | |
USD | | 35,108 | | KRW | | 45,359,450 | | Citibank | | 7/17/2023 | | | 657 | |
DKK | | 354,220 | | USD | | 51,402 | | UBS AG | | 7/17/2023 | | | 566 | |
EUR | | 46,150 | | USD | | 49,855 | | JPMorgan Chase | | 7/17/2023 | | | 549 | |
USD | | 43,481 | | IDR | | 649,601,480 | | JPMorgan Chase | | 7/17/2023 | | | 305 | |
EUR | | 41,610 | | USD | | 45,152 | | BNP Paribas | | 7/17/2023 | | | 294 | |
CHF | | 16,270 | | USD | | 18,001 | | UBS AG | | 7/17/2023 | | | 210 | |
MXN | | 262,670 | | USD | | 15,100 | | Barclays Bank PLC | | 7/17/2023 | | | 191 | |
BRL | | 36,125 | | USD | | 7,343 | | Citibank | | 7/17/2023 | | | 177 | |
PLN | | 12,057 | | USD | | 2,898 | | HSBC Bank | | 7/17/2023 | | | 64 | |
CZK | | 98,330 | | USD | | 4,451 | | UBS AG | | 7/17/2023 | | | 59 | |
BRL | | 41,210 | | USD | | 8,523 | | Goldman Sachs | | 7/17/2023 | | | 55 | |
EUR | | 6,340 | | USD | | 6,889 | | Citibank | | 7/17/2023 | | | 35 | |
PEN | | 8,970 | | USD | | 2,442 | | Morgan Stanley | | 7/17/2023 | | | 26 | |
COP | | 55,122,390 | | USD | | 13,115 | | BNP Paribas | | 7/17/2023 | | | 21 | |
CLP | | 1,092,220 | | USD | | 1,350 | | Goldman Sachs | | 7/17/2023 | | | 9 | |
USD | | 604 | | CNH | | 4,321 | | Citibank | | 7/17/2023 | | | 9 | |
HUF | | 319,665 | | USD | | 925 | | Barclays Bank PLC | | 7/17/2023 | | | 7 | |
USD | | 331 | | ZAR | | 6,161 | | UBS AG | | 7/17/2023 | | | 4 | |
BRL | | 2,093 | | USD | | 435 | | Citibank | | 7/17/2023 | | | 1 | |
COP | | 1,202,503 | | USD | | 286 | | Citibank | | 7/17/2023 | | | 1 | |
PLN | | 263 | | USD | | 64 | | UBS AG | | 7/17/2023 | | | 1 | |
USD | | 353 | | COP | | 1,483,722 | | JPMorgan Chase | | 7/17/2023 | | | — | 8 |
EUR | | 9 | | HUF | | 3,380 | | Barclays Bank PLC | | 7/17/2023 | | | — | 8 |
USD | | 635 | | HUF | | 218,080 | | Goldman Sachs | | 7/17/2023 | | | — | 8 |
USD | | 374 | | EUR | | 344 | | Citibank | | 7/17/2023 | | | (2 | ) |
USD | | 750 | | PLN | | 3,062 | | Goldman Sachs | | 7/17/2023 | | | (3 | ) |
USD | | 497 | | PEN | | 1,824 | | Morgan Stanley | | 7/17/2023 | | | (5 | ) |
IDR | | 13,329,072 | | USD | | 892 | | JPMorgan Chase | | 7/17/2023 | | | (6 | ) |
USD | | 2,776 | | INR | | 229,240 | | Standard Chartered Bank | | 7/17/2023 | | | (15 | ) |
USD | | 12,070 | | COP | | 50,717,080 | | BNP Paribas | | 7/17/2023 | | | (16 | ) |
USD | | 2,304 | | HUF | | 795,990 | | Barclays Bank PLC | | 7/17/2023 | | | (16 | ) |
USD | | 905 | | BRL | | 4,451 | | Citibank | | 7/17/2023 | | | (22 | ) |
EUR | | 32,617 | | DKK | | 243,030 | | Bank of America | | 7/17/2023 | | | (31 | ) |
USD | | 8,544 | | BRL | | 41,210 | | JPMorgan Chase | | 7/17/2023 | | | (35 | ) |
NZD | | 6,620 | | USD | | 4,121 | | JPMorgan Chase | | 7/17/2023 | | | (58 | ) |
USD | | 21,164 | | COP | | 89,262,117 | | Morgan Stanley | | 7/17/2023 | | | (107 | ) |
AUD | | 11,870 | | USD | | 8,113 | | Barclays Bank PLC | | 7/17/2023 | | | (201 | ) |
USD | | 12,176 | | PLN | | 50,650 | | HSBC Bank | | 7/17/2023 | | | (269 | ) |
SEK | | 250,090 | | USD | | 23,497 | | Standard Chartered Bank | | 7/17/2023 | | | (290 | ) |
KRW | | 53,640,860 | | USD | | 41,779 | | HSBC Bank | | 7/17/2023 | | | (1,038 | ) |
CNH | | 633,290 | | USD | | 88,752 | | Citibank | | 7/17/2023 | | | (1,517 | ) |
CNH | | 1,878,732 | | USD | | 262,830 | | Citibank | | 7/17/2023 | | | (4,036 | ) |
JPY | | 2,455,060 | | USD | | 17,682 | | Morgan Stanley | | 7/18/2023 | | | (618 | ) |
JPY | | 18,051,475 | | USD | | 129,737 | | HSBC Bank | | 7/18/2023 | | | (4,270 | ) |
EUR | | 9,050 | | USD | | 9,918 | | Barclays Bank PLC | | 7/20/2023 | | | (32 | ) |
EUR | | 40,364 | | USD | | 44,409 | | Goldman Sachs | | 7/20/2023 | | | (317 | ) |
AUD | | 27,428 | | USD | | 18,873 | | Standard Chartered Bank | | 7/20/2023 | | | (590 | ) |
| |
32 | Capital World Bond Fund |
Forward currency contracts (continued)
Contract amount | | | | | | Unrealized appreciation (depreciation) | |
Currency purchased (000) | | Currency sold (000) | | Counterparty | | Settlement date | | at 6/30/2023 (000) | |
USD | | 39,107 | | EUR | | 35,635 | | Morgan Stanley | | 7/24/2023 | | $ | 172 | |
USD | | 10,370 | | GBP | | 8,130 | | Bank of America | | 7/24/2023 | | | 43 | |
USD | | 145 | | ZAR | | 2,671 | | Morgan Stanley | | 7/24/2023 | | | 4 | |
ZAR | | 6,326 | | USD | | 333 | | JPMorgan Chase | | 7/24/2023 | | | 3 | |
ZAR | | 4,975 | | USD | | 271 | | JPMorgan Chase | | 7/24/2023 | | | (7 | ) |
GBP | | 2,567 | | USD | | 3,274 | | Bank of America | | 7/24/2023 | | | (14 | ) |
PLN | | 19,310 | | USD | | 4,761 | | Barclays Bank PLC | | 7/24/2023 | | | (18 | ) |
JPY | | 191,810 | | USD | | 1,356 | | Citibank | | 7/24/2023 | | | (21 | ) |
THB | | 460,985 | | USD | | 13,122 | | JPMorgan Chase | | 7/24/2023 | | | (44 | ) |
THB | | 1,543,190 | | USD | | 43,940 | | Morgan Stanley | | 7/24/2023 | | | (162 | ) |
EUR | | 333,992 | | USD | | 366,534 | | Morgan Stanley | | 7/24/2023 | | | (1,614 | ) |
USD | | 38,131 | | EUR | | 34,711 | | UBS AG | | 7/25/2023 | | | 204 | |
MYR | | 43,000 | | USD | | 9,212 | | Standard Chartered Bank | | 7/25/2023 | | | 61 | |
USD | | 4,262 | | GBP | | 3,341 | | Bank of America | | 7/25/2023 | | | 18 | |
USD | | 6,539 | | EUR | | 5,970 | | Bank of America | | 7/25/2023 | | | 16 | |
USD | | 883 | | EUR | | 809 | | Goldman Sachs | | 7/25/2023 | | | (1 | ) |
USD | | 298 | | EUR | | 274 | | Standard Chartered Bank | | 7/25/2023 | | | (1 | ) |
CHF | | 5,200 | | USD | | 5,828 | | UBS AG | | 7/25/2023 | | | (2 | ) |
ZAR | | 22,159 | | USD | | 1,195 | | JPMorgan Chase | | 7/25/2023 | | | (21 | ) |
CAD | | 25,143 | | USD | | 19,119 | | Bank of America | | 7/25/2023 | | | (132 | ) |
GBP | | 45,962 | | USD | | 58,627 | | Bank of America | | 7/25/2023 | | | (244 | ) |
HUF | | 7,005,140 | | USD | | 20,614 | | Goldman Sachs | | 7/25/2023 | | | (245 | ) |
JPY | | 4,615,130 | | USD | | 32,538 | | Bank of America | | 7/25/2023 | | | (422 | ) |
EUR | | 100,297 | | USD | | 110,180 | | UBS AG | | 7/25/2023 | | | (590 | ) |
JPY | | 16,870,150 | | USD | | 118,939 | | Bank of America | | 7/25/2023 | | | (1,542 | ) |
PLN | | 87,740 | | USD | | 21,504 | | Morgan Stanley | | 7/26/2023 | | | 44 | |
USD | | 8,881 | | MXN | | 152,400 | | Bank of America | | 7/26/2023 | | | 26 | |
USD | | 1,127 | | CNH | | 8,140 | | HSBC Bank | | 7/26/2023 | | | 4 | |
USD | | 245 | | EUR | | 224 | | Citibank | | 7/26/2023 | | | — | 8 |
EUR | | 1,200 | | USD | | 1,311 | | Citibank | | 7/26/2023 | | | — | 8 |
ZAR | | 1,417 | | USD | | 75 | | UBS AG | | 7/26/2023 | | | — | 8 |
HUF | | 457,646 | | USD | | 1,342 | | Citibank | | 7/26/2023 | | | (12 | ) |
USD | | 93,965 | | MXN | | 1,621,830 | | Morgan Stanley | | 7/26/2023 | | | (270 | ) |
JPY | | 13,605,347 | | EUR | | 87,581 | | BNP Paribas | | 7/26/2023 | | | (1,008 | ) |
USD | | 63,190 | | DKK | | 428,570 | | HSBC Bank | | 7/27/2023 | | | 273 | |
USD | | 311 | | HUF | | 105,470 | | Goldman Sachs | | 7/27/2023 | | | 4 | |
USD | | 75 | | ZAR | | 1,389 | | UBS AG | | 7/27/2023 | | | 1 | |
PLN | | 962 | | USD | | 237 | | HSBC Bank | | 7/27/2023 | | | (1 | ) |
RON | | 3,223 | | USD | | 711 | | JPMorgan Chase | | 7/27/2023 | | | (2 | ) |
EUR | | 29,325 | | DKK | | 218,340 | | Citibank | | 7/27/2023 | | | (8 | ) |
USD | | 666 | | CZK | | 14,550 | | Barclays Bank PLC | | 7/28/2023 | | | (1 | ) |
USD | | 3,518 | | BRL | | 16,975 | | JPMorgan Chase | | 8/4/2023 | | | (4 | ) |
CLP | | 3,682,610 | | USD | | 4,584 | | Goldman Sachs | | 8/4/2023 | | | (14 | ) |
USD | | 49,380 | | EUR | | 44,950 | | Bank of America | | 8/15/2023 | | | 213 | |
USD | | 18,305 | | GBP | | 14,530 | | Bank of America | | 8/15/2023 | | | (153 | ) |
PLN | | 30,130 | | USD | | 6,070 | | JPMorgan Chase | | 8/31/2023 | | | 1,317 | |
USD | | 697 | | PLN | | 3,650 | | Morgan Stanley | | 8/31/2023 | | | (198 | ) |
USD | | 1,897 | | PLN | | 9,900 | | JPMorgan Chase | | 8/31/2023 | | | (531 | ) |
INR | | 213,380 | | USD | | 2,573 | | JPMorgan Chase | | 9/7/2023 | | | 20 | |
EUR | | 45,000 | | USD | | 48,404 | | HSBC Bank | | 9/20/2023 | | | 905 | |
USD | | 20,428 | | JPY | | 2,800,000 | | HSBC Bank | | 9/20/2023 | | | 768 | |
USD | | 18,532 | | KRW | | 24,000,000 | | Citibank | | 9/20/2023 | | | 235 | |
EUR | | 6,000 | | USD | | 6,454 | | HSBC Bank | | 9/20/2023 | | | 121 | |
USD | | 23,471 | | AUD | | 35,000 | | HSBC Bank | | 9/20/2023 | | | 101 | |
EUR | | 7,000 | | USD | | 7,636 | | HSBC Bank | | 9/20/2023 | | | 35 | |
USD | | 6,035 | | AUD | | 9,000 | | HSBC Bank | | 9/20/2023 | | | 26 | |
USD | | 997 | | GBP | | 800 | | HSBC Bank | | 9/20/2023 | | | (19 | ) |
USD | | 3,000 | | CAD | | 4,009 | | Bank of New York Mellon | | 9/20/2023 | | | (30 | ) |
USD | | 4,557 | | NZD | | 7,500 | | Morgan Stanley | | 9/20/2023 | | | (45 | ) |
USD | | 24,301 | | NZD | | 40,000 | | Morgan Stanley | | 9/20/2023 | | | (238 | ) |
JPY | | 1,000,000 | | USD | | 7,296 | | HSBC Bank | | 9/20/2023 | | | (274 | ) |
USD | | 35,648 | | BRL | | 172,790 | | JPMorgan Chase | | 10/2/2023 | | | 165 | |
| |
Capital World Bond Fund | 33 |
Forward currency contracts (continued)
Contract amount | | | | | | Unrealized appreciation (depreciation) | |
Currency purchased (000) | | Currency sold (000) | | Counterparty | | Settlement date | | at 6/30/2023 (000) | |
USD | | 30,494 | | BRL | | 147,809 | | Citibank | | 10/2/2023 | | $ | 141 | |
USD | | 16,113 | | BRL | | 85,800 | | JPMorgan Chase | | 12/29/2023 | | | (1,315 | ) |
USD | | 1,386 | | BRL | | 7,487 | | Citibank | | 1/2/2024 | | | (134 | ) |
USD | | 1,493 | | BRL | | 8,168 | | JPMorgan Chase | | 1/2/2024 | | | (165 | ) |
USD | | 13,442 | | BRL | | 74,217 | | JPMorgan Chase | | 1/2/2024 | | | (1,626 | ) |
USD | | 27,802 | | BRL | | 150,210 | | JPMorgan Chase | | 1/2/2024 | | | (2,695 | ) |
USD | | 43,879 | | BRL | | 242,267 | | JPMorgan Chase | | 1/2/2024 | | | (5,308 | ) |
USD | | 1,149 | | JPY | | 143,550 | | Bank of America | | 1/22/2024 | | | 119 | |
USD | | 583 | | JPY | | 72,150 | | Citibank | | 1/22/2024 | | | 66 | |
USD | | 577 | | JPY | | 71,400 | | Citibank | | 1/22/2024 | | | 65 | |
USD | | 84,249 | | JPY | | 10,668,700 | | HSBC Bank | | 2/16/2024 | | | 7,433 | |
USD | | 83,683 | | JPY | | 10,597,000 | | HSBC Bank | | 2/16/2024 | | | 7,383 | |
JPY | | 21,265,700 | | USD | | 166,521 | | HSBC Bank | | 2/16/2024 | | | (13,404 | ) |
USD | | 166,615 | | JPY | | 21,265,700 | | HSBC Bank | | 2/20/2024 | | | 13,400 | |
| | | | | | | | | | | | $ | (19,118 | ) |
Swap contracts
Interest rate swaps
Centrally cleared interest rate swaps
Receive | | Pay | | | | Notional | | Value at | | | Upfront premium | | | Unrealized (depreciation) appreciation | |
Rate | | Payment frequency | | Rate | | Payment frequency | | Expiration date | | amount (000) | | 6/30/2023 (000) | | | received (000) | | | at 6/30/2023 (000) | |
1.3467% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 8/18/2023 | | NZD25,000 | | | $ | (87 | ) | | | $ | — | | | | $ | (87 | ) |
1.2475% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 8/20/2023 | | 32,742 | | | | (127 | ) | | | | — | | | | | (127 | ) |
1.234974% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 8/20/2023 | | 279,022 | | | | (1,087 | ) | | | | — | | | | | (1,087 | ) |
1.2375% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 8/26/2023 | | 108,068 | | | | (464 | ) | | | | — | | | | | (464 | ) |
1.264% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 8/27/2023 | | 270,134 | | | | (1,157 | ) | | | | — | | | | | (1,157 | ) |
1.26% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 8/30/2023 | | 44,558 | | | | (198 | ) | | | | — | | | | | (198 | ) |
1.28% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 8/31/2023 | | 44,558 | | | | (200 | ) | | | | — | | | | | (200 | ) |
1.30% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 9/3/2023 | | 48,917 | | | | (232 | ) | | | | — | | | | | (232 | ) |
1.4975% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 9/21/2023 | | 90,549 | | | | (517 | ) | | | | — | | | | | (517 | ) |
1.445% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 9/28/2023 | | 90,448 | | | | (569 | ) | | | | — | | | | | (569 | ) |
1.4475% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 9/29/2023 | | 89,953 | | | | (572 | ) | | | | — | | | | | (572 | ) |
1.4475% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 9/30/2023 | | 90,327 | | | | (577 | ) | | | | — | | | | | (577 | ) |
1.5125% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 10/14/2023 | | 79,737 | | | | (594 | ) | | | | — | | | | | (594 | ) |
1.53% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 10/14/2023 | | 90,950 | | | | (674 | ) | | | | — | | | | | (674 | ) |
1.5625% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 10/15/2023 | | 90,850 | | | | (668 | ) | | | | — | | | | | (668 | ) |
1.59% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 10/18/2023 | | 90,850 | | | | (676 | ) | | | | — | | | | | (676 | ) |
1.62% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 10/19/2023 | | 100,996 | | | | (754 | ) | | | | — | | | | | (754 | ) |
2.26% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 11/2/2023 | | 3,733 | | | | (27 | ) | | | | — | | | | | (27 | ) |
2.215% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 11/3/2023 | | 7,460 | | | | (54 | ) | | | | — | | | | | (54 | ) |
2.2525% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 11/8/2023 | | 129,491 | | | | (968 | ) | | | | — | | | | | (968 | ) |
2.24% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 11/8/2023 | | 129,491 | | | | (972 | ) | | | | — | | | | | (972 | ) |
2.20% | | Semi-annual | | 3-month NZD-BBR-FRA | | Quarterly | | 11/9/2023 | | 10,894 | | | | (83 | ) | | | | — | | | | | (83 | ) |
4.67% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 12/16/2025 | | MXN24,000 | | | | (143 | ) | | | | — | | | | | (143 | ) |
3.79165% | | Annual | | SOFR | | Annual | | 1/13/2026 | | USD147,020 | | | | (2,686 | ) | | | | — | | | | | (2,686 | ) |
4.0285% | | Annual | | SOFR | | Annual | | 2/10/2026 | | 243,410 | | | | (2,987 | ) | | | | — | | | | | (2,987 | ) |
5.75% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 4/2/2026 | | MXN22,300 | | | | (106 | ) | | | | — | | | | | (106 | ) |
6.5375% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 6/17/2026 | | 108,000 | | | | (400 | ) | | | | — | | | | | (400 | ) |
6.55% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 6/18/2026 | | 105,200 | | | | (388 | ) | | | | — | | | | | (388 | ) |
6.64% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 6/25/2026 | | 279,500 | | | | (992 | ) | | | | — | | | | | (992 | ) |
6.6175% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 6/25/2026 | | 740,700 | | | | (2,655 | ) | | | | — | | | | | (2,655 | ) |
6.633% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 6/25/2026 | | 770,600 | | | | (2,744 | ) | | | | — | | | | | (2,744 | ) |
7.28% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 9/30/2026 | | 11,600 | | | | (30 | ) | | | | — | | | | | (30 | ) |
7.24% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 10/2/2026 | | 11,700 | | | | (31 | ) | | | | — | | | | | (31 | ) |
0.8738% | | Annual | | SONIA | | Annual | | 10/8/2026 | | GBP4,000 | | | | (693 | ) | | | | — | | | | | (693 | ) |
| |
34 | Capital World Bond Fund |
Swap contracts (continued)
Interest rate swaps (continued)
Centrally cleared interest rate swaps (continued)
Receive | | Pay | | | | Notional | | Value at | | | Upfront premium | | | Unrealized (depreciation) appreciation | |
Rate | | Payment frequency | | Rate | | Payment frequency | | Expiration date | | amount (000) | | 6/30/2023 (000) | | | received (000) | | | at 6/30/2023 (000) | |
7.59% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 10/29/2026 | | MXN218,800 | | | $ | (444 | ) | | | $ | — | | | | $ | (444 | ) |
7.62% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 10/29/2026 | | 328,248 | | | | (649 | ) | | | | — | | | | | (649 | ) |
7.66% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 10/29/2026 | | 535,800 | | | | (1,024 | ) | | | | — | | | | | (1,024 | ) |
7.52% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 10/30/2026 | | 676,683 | | | | (1,451 | ) | | | | — | | | | | (1,451 | ) |
SONIA | | Annual | | 1.2822% | | Annual | | 1/28/2027 | | GBP1,150 | | | | 193 | | | | | — | | | | | 193 | |
7.805% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 2/23/2027 | | MXN187,375 | | | | (293 | ) | | | | — | | | | | (293 | ) |
7.795% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 2/24/2027 | | 829,520 | | | | (1,314 | ) | | | | — | | | | | (1,314 | ) |
8.705% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 6/4/2027 | | 36,200 | | | | 9 | | | | | — | | | | | 9 | |
3.0825% | | At maturity | | Eurozone HICP Ex. Tobacco | | At maturity | | 8/15/2027 | | EUR1,000 | | | | (7 | ) | | | | — | | | | | (7 | ) |
SONIA | | Annual | | 5.1013% | | Annual | | 10/7/2027 | | GBP2,000 | | | | 17 | | | | | — | | | | | 17 | |
9.40% | | 28-day | | 28-day MXN-TIIE | | 28-day | | 2/16/2028 | | MXN1,687,270 | | | | 3,749 | | | | | — | | | | | 3,749 | |
0.57520783% | | Annual | | SONIA | | Annual | | 4/9/2028 | | GBP10,370 | | | | (2,470 | ) | | | | (17 | ) | | | | (2,453 | ) |
4.96048% | | Annual | | SONIA | | Annual | | 6/21/2028 | | 51,100 | | | | (366 | ) | | | | — | | | | | (366 | ) |
4.98038% | | Annual | | SONIA | | Annual | | 6/21/2028 | | 103,790 | | | | (632 | ) | | | | — | | | | | (632 | ) |
SOFR | | Annual | | 3.29015% | | Annual | | 1/13/2030 | | USD71,720 | | | | 1,883 | | | | | — | | | | | 1,883 | |
SOFR | | Annual | | 3.4705% | | Annual | | 2/10/2030 | | 110,460 | | | | 1,739 | | | | | — | | | | | 1,739 | |
3.177% | | Annual | | SOFR | | Annual | | 2/28/2030 | | 2,000 | | | | (65 | ) | | | | — | | | | | (65 | ) |
2.2679% | | Annual | | SONIA | | Annual | | 7/14/2032 | | GBP590 | | | | (117 | ) | | | | — | | | | | (117 | ) |
SOFR | | Annual | | 3.25% | | Annual | | 4/24/2033 | | USD27,171 | | | | 709 | | | | | — | | | | | 709 | |
SONIA | | Annual | | 4.34948% | | Annual | | 6/21/2033 | | GBP27,750 | | | | 40 | | | | | — | | | | | 40 | |
SONIA | | Annual | | 4.36738% | | Annual | | 6/21/2033 | | 56,340 | | | | (19 | ) | | | | — | | | | | (19 | ) |
0.9221376% | | Annual | | SONIA | | Annual | | 4/9/2041 | | 5,500 | | | | (2,688 | ) | | | | (45 | ) | | | | (2,643 | ) |
2.23% | | Annual | | SONIA | | Annual | | 7/14/2042 | | 320 | | | | (94 | ) | | | | — | | | | | (94 | ) |
3.278% | | Annual | | SOFR | | Annual | | 3/16/2043 | | USD4,054 | | | | (91 | ) | | | | — | | | | | (91 | ) |
1.0469% | | Annual | | SONIA | | Annual | | 3/2/2052 | | GBP70 | | | | (42 | ) | | | | — | | | | | (42 | ) |
SOFR | | Annual | | 3.044% | | Annual | | 3/16/2053 | | USD3,032 | | | | 88 | | | | | — | | | | | 88 | |
| | | | | | | | | | | | | $ | (28,451 | ) | | | $ | (62 | ) | | | $ | (28,389 | ) |
Bilateral interest rate swaps
Receive | | Pay | | | | | | Notional | | Value at | | | Upfront premium | | | Unrealized appreciation | |
Rate | | Payment frequency | | Rate | | Payment frequency | | Counterparty | | Expiration date | | amount (000) | | 6/30/2023 (000) | | | paid (000) | | | at 6/30/2023 (000) | |
11.97% | | At maturity | | BZDIOVER | | At maturity | | Barclays Bank PLC | | 1/2/2026 | | BRL14,700 | | | $ | 106 | | | | $ | — | | | | $ | 106 | |
11.46% | | At maturity | | BZDIOVER | | At maturity | | BNP Paribas | | 1/2/2026 | | 9,234 | | | | 38 | | | | | — | | | | | 38 | |
11.15% | | At maturity | | BZDIOVER | | At maturity | | Barclays Bank PLC | | 1/2/2026 | | 9,330 | | | | 18 | | | | | — | | | | | 18 | |
| | | | | | | | | | | | | | | $ | 162 | | | | $ | — | | | | $ | 162 | |
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
Reference index | | Financing rate paid | | Payment frequency | | Expiration date | | Notional amount (000) | | Value at 6/30/2023 (000) | | | Upfront premium received (000) | | | Unrealized depreciation at 6/30/2023 (000) | |
CDX.NA.HY.40 | | 5.00% | | Quarterly | | 6/20/2028 | | USD125,765 | | | $ | (3,482 | ) | | | $ | (602 | ) | | | $ | (2,880 | ) |
Investments in affiliates14
| | Value of affiliates at 1/1/2023 (000) | | | Additions (000) | | | Reductions (000) | | | Net realized gain (000) | | | Net unrealized appreciation (000) | | | Value of affiliates at 6/30/2023 (000) | | | Dividend income (000) | |
Investment funds 0.59% | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Capital Group Central Corporate Bond Fund | | $ | 54,056 | | | $ | 1,026 | | | $ | — | | | $ | — | | | $ | 855 | | | $ | 55,937 | | | $ | 1,026 | |
| |
Capital World Bond Fund | 35 |
Investments in affiliates14 (continued)
| | Value of affiliates at 1/1/2023 (000) | | | Additions (000) | | | Reductions (000) | | | Net realized gain (000) | | | Net unrealized appreciation (000) | | | Value of affiliates at 6/30/2023 (000) | | | Dividend income (000) | |
Short-term securities 13.14% | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Money market investments 13.14% | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Capital Group Central Cash Fund 5.15%16 | | $ | 648,579 | | | $ | 2,574,443 | | | $ | 1,984,236 | | | $ | 62 | | | $ | 165 | | | $ | 1,239,013 | | | $ | 21,144 | |
Total 13.73% | | | | | | | | | | | | | | $ | 62 | | | $ | 1,020 | | | $ | 1,294,950 | | | $ | 22,170 | |
Restricted securities2
| | Acquisition date(s) | | Cost (000) | | | Value (000) | | | Percent of net assets | |
NBM US Holdings, Inc. 7.00% 5/14/2026 | | 8/6/2021-5/19/2023 | | $ | 19,595 | | | $ | 19,235 | | | | .20 | % |
Goldman Sachs Group, Inc. 1.00% 3/18/2033 | | 5/18/2021-5/19/2021 | | | 21,893 | | | | 14,852 | | | | .16 | |
Netflix, Inc. 3.875% 11/15/2029 | | 10/27/2021-10/29/2021 | | | 5,208 | | | | 4,049 | | | | .04 | |
Bank of America Corp. 0.58% 8/8/2029 (3-month EUR-EURIBOR + 0.73% on 8/8/2028)1 | | 2/4/2021 | | | 3,814 | | | | 2,844 | | | | .03 | |
Wolfspeed, Inc. 9.875% 6/23/2030 (10.875% on 6/23/2026)1,7 | | 6/23/2023 | | | 653 | | | | 653 | | | | .01 | |
General Electric Co. 4.125% 9/19/2035 | | 2/3/2022 | | | 711 | | | | 543 | | | | .01 | |
Ste Transcore Holdings, Inc. 3.75% 5/5/2032 | | 12/21/2022 | | | 277 | | | | 279 | | | | .00 | 17 |
Total | | | | $ | 52,151 | | | $ | 42,455 | | | | .45 | % |
1 | Step bond; coupon rate may change at a later date. |
2 | Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933. The total value of all such restricted securities was $42,455,000, which represented .45% of the net assets of the fund. |
3 | Scheduled interest and/or principal payment was not received. |
4 | Index-linked bond whose principal amount moves with a government price index. |
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 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
7 | Value determined using significant unobservable inputs. |
8 | Amount less than one thousand. |
9 | Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $710,154,000, which represented 7.53% of the net assets of the fund. |
10 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $10,637,000, which represented .11% of the net assets of the fund. |
11 | 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. |
12 | Purchased on a TBA basis. |
13 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $83,829,000, which represented .89% of the net assets of the fund. |
14 | Part of the same “group of investment companies” as the fund as defined under the Investment Company Act of 1940, as amended. |
15 | Security did not produce income during the last 12 months. |
16 | Rate represents the seven-day yield at 6/30/2023. |
17 | Amount less than .01%. |
| |
36 | Capital World Bond Fund |
Key to abbreviations
Assn. = Association
AUD = Australian dollars
BBR = Bank Base Rate
BBSW = Bank Bill Swap Rate
BRL = Brazilian reais
BZDIOVER = Overnight Brazilian Interbank Deposit Rate
CAD = Canadian dollars
CHF = Swiss francs
CLP = Chilean pesos
CME = CME Group
CNH = Chinese yuan renminbi
CNY = Chinese yuan
COP = Colombian pesos
CZK = Czech korunas
DAC = Designated Activity Company
DKK = Danish kroner
EUR = Euros
EURIBOR = Euro Interbank Offered Rate
FRA = Forward Rate Agreement
GBP = British pounds
HICP = Harmonised Index of Consumer Prices
HUF = Hungarian forints
ICE = Intercontinental Exchange, Inc.
IDR = Indonesian rupiah
ILS = Israeli shekels
INR = Indian rupees
JPY = Japanese yen
KRW = South Korean won
LIBOR = London Interbank Offered Rate
LKR = Sri Lankan rupees
MXN = Mexican pesos
MYR = Malaysian ringgits
NOK = Norwegian kroner
NZD = New Zealand dollars
PEN = Peruvian nuevos soles
PIK = Payment In Kind
PLN = Polish zloty
Ref. = Refunding
REIT = Real Estate Investment Trust
Rev. = Revenue
RON = Romanian leu
RUB = Russian rubles
SEK = Swedish kronor
SOFR = Secured Overnight Financing Rate
SONIA = Sterling Overnight Interbank Average Rate
TBA = To be announced
THB = Thai baht
TIIE = Equilibrium Interbank Interest Rate
UAH = Ukrainian hryvnia
USD = U.S. dollars
ZAR = South African rand
Refer to the notes to financial statements.
Capital World Bond Fund | 37 |
Financial statements
Statement of assets and liabilities | | unaudited | |
at June 30, 2023 | | (dollars in thousands) | |
| | | | | | |
Assets: | | | | | | | | |
Investment securities, at value: | | | | | | | | |
Unaffiliated issuers (cost: $9,821,235) | | $ | 8,946,459 | | | | | |
Affiliated issuers (cost: $1,293,195) | | | 1,294,950 | | | $ | 10,241,409 | |
Cash | | | | | | | 54,066 | |
Cash denominated in currencies other than U.S. dollars (cost: $1,818) | | | | | | | 1,826 | |
Unrealized appreciation on open forward currency contracts | | | | | | | 48,543 | |
Bilateral swaps, at value | | | | | | | 162 | |
Receivables for: | | | | | | | | |
Sales of investments | | | 412,239 | | | | | |
Sales of fund’s shares | | | 15,256 | | | | | |
Dividends and interest | | | 77,857 | | | | | |
Closed forward currency contracts | | | 21 | | | | | |
Variation margin on futures contracts | | | 2,505 | | | | | |
Variation margin on centrally cleared swap contracts | | | 1,380 | | | | | |
Other | | | 852 | | | | 510,110 | |
| | | | | | | 10,856,116 | |
Liabilities: | | | | | | | | |
Unrealized depreciation on open forward currency contracts | | | | | | | 67,661 | |
Unrealized depreciation on unfunded commitments | | | | | | | 5 | |
Payables for: | | | | | | | | |
Purchases of investments | | | 1,329,895 | | | | | |
Repurchases of fund’s shares | | | 14,191 | | | | | |
Investment advisory services | | | 3,370 | | | | | |
Services provided by related parties | | | 1,362 | | | | | |
Trustees’ deferred compensation | | | 236 | | | | | |
Variation margin on futures contracts | | | 4,939 | | | | | |
Variation margin on centrally cleared swap contracts | | | 5,347 | | | | | |
Other | | | 794 | | | | 1,360,134 | |
Net assets at June 30, 2023 | | | | | | $ | 9,428,316 | |
| | | | | | | | |
Net assets consist of: | | | | | | | | |
Capital paid in on shares of beneficial interest | | | | | | $ | 12,383,634 | |
Total accumulated loss | | | | | | | (2,955,318 | ) |
Net assets at June 30, 2023 | | | | | | $ | 9,428,316 | |
Refer to the notes to financial statements.
38 | Capital World Bond Fund |
Financial statements (continued)
Statement of assets and liabilities | unaudited |
at June 30, 2023 (continued) | (dollars and shares in thousands, except per-share amounts) |
Shares of beneficial interest issued and outstanding (no stated par value) —
unlimited shares authorized (585,077 total shares outstanding)
| | Net assets | | | Shares outstanding | | | Net asset value per share | |
Class A | | $ | 3,712,818 | | | | 230,271 | | | $ | 16.12 | |
Class C | | | 44,874 | | | | 2,833 | | | | 15.84 | |
Class T | | | 8 | | | | — | * | | | 16.10 | |
Class F-1 | | | 89,159 | | | | 5,543 | | | | 16.08 | |
Class F-2 | | | 802,303 | | | | 49,855 | | | | 16.09 | |
Class F-3 | | | 1,379,675 | | | | 85,657 | | | | 16.11 | |
Class 529-A | | | 209,364 | | | | 12,943 | | | | 16.18 | |
Class 529-C | | | 5,988 | | | | 374 | | | | 15.99 | |
Class 529-E | | | 8,287 | | | | 516 | | | | 16.06 | |
Class 529-T | | | 10 | | | | 1 | | | | 16.10 | |
Class 529-F-1 | | | 8 | | | | 1 | | | | 16.04 | |
Class 529-F-2 | | | 32,318 | | | | 2,005 | | | | 16.12 | |
Class 529-F-3 | | | 8 | | | | 1 | | | | 16.10 | |
Class R-1 | | | 5,664 | | | | 355 | | | | 15.94 | |
Class R-2 | | | 68,681 | | | | 4,313 | | | | 15.93 | |
Class R-2E | | | 5,264 | | | | 327 | | | | 16.08 | |
Class R-3 | | | 90,018 | | | | 5,592 | | | | 16.10 | |
Class R-4 | | | 64,492 | | | | 4,003 | | | | 16.11 | |
Class R-5E | | | 24,215 | | | | 1,505 | | | | 16.09 | |
Class R-5 | | | 26,303 | | | | 1,630 | | | | 16.13 | |
Class R-6 | | | 2,858,859 | | | | 177,352 | | | | 16.12 | |
* | Amount less than one thousand. |
Refer to the notes to financial statements.
Capital World Bond Fund | 39 |
Financial statements (continued)
Statement of operations | unaudited |
for the six months ended June 30, 2023 | (dollars in thousands) |
Investment income: | | | | | | | | |
Income: | | | | | | | | |
Interest from unaffiliated issuers (net of non-U.S. taxes of $423) | | $ | 152,238 | | | | | |
Dividends (includes $22,170 from affiliates) | | | 22,230 | | | $ | 174,468 | |
Fees and expenses*: | | | | | | | | |
Investment advisory services | | | 20,637 | | | | | |
Distribution services | | | 5,922 | | | | | |
Transfer agent services | | | 6,010 | | | | | |
Administrative services | | | 1,436 | | | | | |
529 plan services | | | 78 | | | | | |
Reports to shareholders | | | 344 | | | | | |
Registration statement and prospectus | | | 236 | | | | | |
Trustees’ compensation | | | 29 | | | | | |
Auditing and legal | | | 14 | | | | | |
Custodian | | | 394 | | | | | |
Other | | | 16 | | | | | |
Total fees and expenses before waiver | | | 35,116 | | | | | |
Less waiver of fees and expenses: | | | | | | | | |
Transfer agent services waiver | | | 25 | | | | | |
Total fees and expenses after waiver | | | | | | | 35,091 | |
Net investment income | | | | | | | 139,377 | |
| | | | | | | | |
Net realized loss and unrealized appreciation: | | | | | | | | |
Net realized (loss) gain on: | | | | | | | | |
Investments (net of non-U.S. taxes of $10): | | | | | | | | |
Unaffiliated issuers | | | (372,238 | ) | | | | |
Affiliated issuers | | | 62 | | | | | |
Futures contracts | | | (27,465 | ) | | | | |
Forward currency contracts | | | (62,906 | ) | | | | |
Swap contracts | | | (51,095 | ) | | | | |
Currency transactions | | | (610 | ) | | | (514,252 | ) |
Net unrealized appreciation (depreciation) on: | | | | | | | | |
Investments (net of non-U.S. taxes of $74): | | | | | | | | |
Unaffiliated issuers | | | 510,859 | | | | | |
Affiliated issuers | | | 1,020 | | | | | |
Futures contracts | | | (1,196 | ) | | | | |
Forward currency contracts | | | (51,159 | ) | | | | |
Swap contracts | | | 47,879 | | | | | |
Currency translations | | | (1,862 | ) | | | 505,541 | |
Net realized loss and unrealized appreciation | | | | | | | (8,711 | ) |
| | | | | | | | |
Net increase in net assets resulting from operations | | | | | | $ | 130,666 | |
* | Additional information related to class-specific fees and expenses is included in the notes to financial statements. |
Refer to the notes to financial statements.
40 | Capital World Bond Fund |
Financial statements (continued)
Statements of changes in net assets | |
| (dollars in thousands) |
| | Six months ended June 30, 2023* | | | Year ended December 31, 2022 | |
Operations: | | | | | | | | |
Net investment income | | $ | 139,377 | | | $ | 250,126 | |
Net realized loss | | | (514,252 | ) | | | (1,578,415 | ) |
Net unrealized appreciation (depreciation) | | | 505,541 | | | | (1,361,862 | ) |
Net increase (decrease) in net assets resulting from operations | | | 130,666 | | | | (2,690,151 | ) |
| | | | | | | | |
Distributions paid to shareholders: | | | | | | | | |
Distributions | | | (123,883 | ) | | | (124,687 | ) |
Return of capital | | | — | | | | (125,989 | ) |
Total distributions paid and return of capital paid to shareholders | | | (123,883 | ) | | | (250,676 | ) |
| | | | | | | | |
Net capital share transactions | | | (103,519 | ) | | | (3,457,460 | ) |
| | | | | | | | |
Total decrease in net assets | | | (96,736 | ) | | | (6,398,287 | ) |
| | | | | | | | |
Net assets: | | | | | | | | |
Beginning of period | | | 9,525,052 | | | | 15,923,339 | |
End of period | | $ | 9,428,316 | | | $ | 9,525,052 | |
Refer to the notes to financial statements.
Capital World Bond Fund | 41 |
Notes to financial statements | unaudited |
1. Organization
Capital World Bond Fund (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end, diversified management investment company. The fund seeks to provide, over the long term, a high level of total return consistent with prudent investment management. Total return comprises the income generated by the fund and the changes in the market value of the fund’s investments.
The fund has 21 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), seven 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T, 529-F-1, 529-F-2 and 529-F-3) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund’s share classes are described further in the following table:
Share class | | Initial sales charge | | Contingent deferred sales charge upon redemption | | Conversion feature |
Classes A and 529-A | | Up to 3.75% for Class A; up to 3.50% for Class 529-A | | None (except 1.00% for certain redemptions within 18 months of purchase without an initial sales charge) | | None |
Classes C and 529-C | | None | | 1.00% for redemptions within one year of purchase | | Class C converts to Class A after eight years and Class 529-C converts to Class 529-A after five years |
Class 529-E | | None | | None | | None |
Classes T and 529-T* | | Up to 2.50% | | None | | None |
Classes F-1, F-2, F-3, 529-F-1, 529-F-2 and 529-F-3 | | None | | None | | None |
Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6 | | None | | None | | None |
* | Class T and 529-T shares are not available for purchase. |
Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses (“class-specific fees and expenses”), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.
2. Significant accounting policies
The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board. The fund’s financial statements have been prepared to comply with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles require the fund’s investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.
Security transactions and related investment income — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.
Class allocations — Income, fees and expenses (other than class-specific fees and expenses), realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.
Distributions paid to shareholders — Income dividends and capital gain distributions are recorded on the ex-dividend date. The fund may deem a portion of the income dividends and/or capital gain distributions as a return of capital for tax purposes.
42 | Capital World Bond Fund |
Currency translation — 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. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the fund’s statement of operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.
3. Valuation
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by U.S. GAAP. 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.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
Fixed-income class | | Examples of standard inputs |
All | | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) |
Corporate bonds, notes & loans; convertible securities | | Standard inputs and underlying equity of the issuer |
Bonds & notes of governments & government agencies | | Standard inputs and interest rate volatilities |
Mortgage-backed; asset-backed obligations | | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information |
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 |
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central 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. Exchange-traded futures are generally valued at the official settlement price of the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, other reference data, and terms of the contract.
Capital World Bond Fund | 43 |
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, contractual or legal restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The tables on the following page present the fund’s valuation levels as of June 30, 2023 (dollars in thousands):
44 | Capital World Bond Fund |
| | Investment securities | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Assets: | | | | | | | | | | | | | | | | |
Bonds, notes & other debt instruments: | | | | | | | | | | | | | | | | |
Euros | | $ | — | | | $ | 1,626,316 | | | $ | — | | | $ | 1,626,316 | |
Japanese yen | | | — | | | | 654,498 | | | | — | | | | 654,498 | |
Chinese yuan renminbi | | | — | | | | 408,613 | | | | — | | | | 408,613 | |
British pounds | | | — | | | | 368,419 | | | | — | | | | 368,419 | |
Brazilian reais | | | — | | | | 269,972 | | | | — | | | | 269,972 | |
Canadian dollars | | | — | | | | 230,008 | | | | — | | | | 230,008 | |
Mexican pesos | | | — | | | | 188,381 | | | | — | | | | 188,381 | |
Australian dollars | | | — | | | | 164,818 | | | | — | | | | 164,818 | |
South Korean won | | | — | | | | 147,864 | | | | — | | | | 147,864 | |
Indonesian rupiah | | | — | | | | 147,148 | | | | — | | | | 147,148 | |
Colombian pesos | | | — | | | | 108,240 | | | | — | | | | 108,240 | |
Danish kroner | | | — | | | | 55,560 | | | | — | | | | 55,560 | |
South African rand | | | — | | | | 47,147 | | | | — | | | | 47,147 | |
New Zealand dollars | | | — | | | | 27,488 | | | | — | | | | 27,488 | |
Peruvian nuevos soles | | | — | | | | 16,967 | | | | — | | | | 16,967 | |
Malaysian ringgits | | | — | | | | 16,353 | | | | — | | | | 16,353 | |
Czech korunas | | | — | | | | 13,331 | | | | — | | | | 13,331 | |
Chilean pesos | | | — | | | | 12,179 | | | | — | | | | 12,179 | |
Indian rupees | | | — | | | | 9,774 | | | | — | | | | 9,774 | |
Thai baht | | | — | | | | 8,570 | | | | — | | | | 8,570 | |
Polish zloty | | | — | | | | 7,036 | | | | — | | | | 7,036 | |
Hungarian forints | | | — | | | | 6,680 | | | | — | | | | 6,680 | |
Ukrainian hryvnia | | | — | | | | 5,023 | | | | 302 | | | | 5,325 | |
Romanian leu | | | — | | | | 3,518 | | | | — | | | | 3,518 | |
Russian rubles | | | — | | | | 1,790 | | | | — | * | | | 1,790 | |
Norwegian kroner | | | — | | | | 1,538 | | | | — | | | | 1,538 | |
U.S. dollars | | | — | | | | 4,223,492 | | | | 1,429 | | | | 4,224,921 | |
Investment funds | | | 55,937 | | | | — | | | | — | | | | 55,937 | |
Convertible bonds & notes | | | — | | | | 1,567 | | | | — | | | | 1,567 | |
Preferred securities | | | — | | | | — | | | | 207 | | | | 207 | |
Common stocks | | | 1,029 | | | | — | | | | 339 | | | | 1,368 | |
Short-term securities | | | 1,239,013 | | | | 170,863 | | | | — | | | | 1,409,876 | |
Total | | $ | 1,295,979 | | | $ | 8,943,153 | | | $ | 2,277 | | | $ | 10,241,409 | |
| | | | | | | | | | | | | | | | |
| | Other investments† | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Assets: | | | | | | | | | | | | | | | | |
Unrealized appreciation on futures contracts | | $ | 7,174 | | | $ | — | | | $ | — | | | $ | 7,174 | |
Unrealized appreciation on open forward currency contracts | | | — | | | | 48,543 | | | | — | | | | 48,543 | |
Unrealized appreciation on centrally cleared interest rate swaps | | | — | | | | 8,427 | | | | — | | | | 8,427 | |
Unrealized appreciation on bilateral interest rate swaps | | | — | | | | 162 | | | | — | | | | 162 | |
Liabilities: | | | | | | | | | | | | | | | | |
Unrealized depreciation on futures contracts | | | (26,474 | ) | | | — | | | | — | | | | (26,474 | ) |
Unrealized depreciation on open forward currency contracts | | | — | | | | (67,661 | ) | | | — | | | | (67,661 | ) |
Unrealized depreciation on centrally cleared interest rate swaps | | | — | | | | (36,816 | ) | | | — | | | | (36,816 | ) |
Unrealized depreciation on centrally cleared credit default swaps | | | — | | | | (2,880 | ) | | | — | | | | (2,880 | ) |
Total | | $ | (19,300 | ) | | $ | (50,225 | ) | | $ | — | | | $ | (69,525 | ) |
* | 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. |
Capital World Bond Fund | 45 |
4. Risk factors
Investing in the fund may involve certain risks including, but not limited to, those described below.
Market conditions — The prices of, and the income generated by, the securities held by the fund may decline — sometimes rapidly or unpredictably — due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; and currency exchange rate, interest rate and commodity price fluctuations.
Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease) and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund’s investments may be negatively affected by developments in other countries and regions.
Issuer risks — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer’s goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer’s financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives.
Investing in debt instruments — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit quality of these securities.
Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers are less likely to refinance existing debt securities, causing the average life of such securities to extend. A general rise in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund failing to recoup the full amount of its initial investment and having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.
Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of the fund’s securities could cause the value of the fund’s shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund’s investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks.
Liquidity risk — Certain fund holdings may be or may become difficult or impossible to sell, particularly during times of market turmoil. Liquidity may be impacted by the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile or difficult to determine, and reduced liquidity may have an adverse impact on the market price of such holdings. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and the fund may be unable to sell such holdings when necessary to meet its liquidity needs, or to try to limit losses, or may be forced to sell at a loss.
Investing in lower rated debt instruments — Lower rated bonds and other lower rated debt securities generally have higher rates of interest and involve greater risk of default or price declines due to changes in the issuer’s creditworthiness than those of higher quality debt securities. The market prices of these securities may fluctuate more than the prices of higher quality debt securities and may decline significantly in periods of general economic difficulty. These risks may be increased with respect to investments in junk bonds.
Currency — The prices of, and the income generated by, many debt securities held by the fund may also be affected by changes in relative currency values. If the U.S. dollar appreciates against foreign currencies, the value in U.S. dollars of the fund’s securities denominated in such currencies would generally fall and vice versa.
46 | Capital World Bond Fund |
Investing in derivatives — The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds. Changes in the value of a derivative may not correlate perfectly with, and may be more sensitive to market events than, the underlying asset, rate or index, and a derivative instrument may cause the fund to lose significantly more than its initial investment. Derivatives may be difficult to value, difficult for the fund to buy or sell at an opportune time or price and difficult, or even impossible, to terminate or otherwise offset. The fund’s use of derivatives may result in losses to the fund, and investing in derivatives may reduce the fund’s returns and increase the fund’s price volatility. The fund’s counterparty to a derivative transaction (including, if applicable, the fund’s clearing broker, the derivatives exchange or the clearinghouse) may be unable or unwilling to honor its financial obligations in respect of the transaction. In certain cases, the fund may be hindered or delayed in exercising remedies against or closing out derivative instruments with a counterparty, which may result in additional losses. Derivatives are also subject to operational risk (such as documentation issues, settlement issues and systems failures) and legal risk (such as insufficient documentation, insufficient capacity or authority of a counterparty, and issues with the legality or enforceability of a contract).
Investing in inflation-linked bonds — The values of inflation-linked bonds generally fluctuate in response to changes in real interest rates —i.e., rates of interest after factoring in inflation. A rise in real interest rates may cause the prices of inflation-linked securities to fall, while a decline in real interest rates may cause the prices to increase. Inflation-linked bonds may experience greater losses than other debt securities with similar durations when real interest rates rise faster than nominal interest rates. There can be no assurance that the value of an inflation-linked security will be directly correlated to changes in interest rates; for example, if interest rates rise for reasons other than inflation, the increase may not be reflected in the security’s inflation measure.
Investing in inflation-linked bonds may also reduce the fund’s distributable income during periods of deflation. If prices for goods and services decline throughout the economy, the principal and income on inflation-linked securities may decline and result in losses to the fund.
Investing outside the U.S. — Securities of issuers domiciled outside the U.S., or with significant operations or revenues outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers operate or generate revenue. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls, sanctions, or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different regulatory, legal, accounting, auditing, financial reporting and recordkeeping requirements, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund, which could impact the liquidity of the fund’s portfolio. The risks of investing outside the U.S. may be heightened in connection with investments in emerging markets.
Investing in emerging markets — Investing in emerging markets may involve risks in addition to and greater than those generally associated with investing in the securities markets of developed countries. For instance, emerging market countries tend to have less developed political, economic and legal systems than those in developed countries. Accordingly, the governments of these countries may be less stable and more likely to intervene in the market economy, for example, by imposing capital controls, nationalizing a company or industry, placing restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or imposing punitive taxes that could adversely affect the prices of securities. Information regarding issuers in emerging markets may be limited, incomplete or inaccurate, and such issuers may not be subject to regulatory, accounting, auditing, and financial reporting and recordkeeping standards comparable to those to which issuers in more developed markets are subject. The fund’s rights with respect to its investments in emerging markets, if any, will generally be governed by local law, which may make it difficult or impossible for the fund to pursue legal remedies or to obtain and enforce judgments in local courts. In addition, the economies of these countries may be dependent on relatively few industries, may have limited access to capital and may be more susceptible to changes in local and global trade conditions and downturns in the world economy. Securities markets in these countries can also be relatively small and have substantially lower trading volumes. As a result, securities issued in these countries may be more volatile and less liquid, and may be more difficult to value, than securities issued in countries with more developed economies and/or markets. Less certainty with respect to security valuations may lead to additional challenges and risks in calculating the fund’s net asset value. Additionally, emerging markets are more likely to experience problems with the clearing and settling of trades and the holding of securities by banks, agents and depositories that are less established than those in developed countries.
Capital World Bond Fund | 47 |
Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.
5. Certain investment techniques
Index-linked bonds — The fund has invested in index-linked bonds, which are fixed-income securities whose principal value is periodically adjusted to a government price index. Over the life of an index-linked bond, interest is paid on the adjusted principal value. Increases or decreases in the principal value of index-linked bonds are recorded as interest income in the fund’s statement of operations.
Mortgage dollar rolls — The fund has entered into mortgage dollar roll transactions in which the fund sells a mortgage-backed security to a counterparty and simultaneously enters into an agreement with the same counterparty to buy back a similar security on a specific future date at a predetermined price. Mortgage dollar rolls are accounted for as purchase and sale transactions. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the fund’s financial highlights table.
Loan transactions — The fund has entered into loan transactions in which the fund acquires a loan either through an agent, by assignment from another holder, or as a participation interest in another holder’s portion of a loan. The loan is often administered by a financial institution that acts as agent for the holders of the loan, and the fund may be required to receive approval from the agent and/or borrower prior to the sale of the investment. The loan’s interest rate and maturity date may change based on the terms of the loan, including potential early payments of principal.
Unfunded commitments — The fund has participated in transactions that involve unfunded commitments, which may obligate the fund to purchase new or additional bonds if certain contingencies are met. As of June 30, 2023, the fund’s maximum exposure of unfunded bond commitments was $235,000, which would represent less than .01% of the net assets of the fund should such commitments become due. Unrealized depreciation of $5,000 is disclosed as unrealized depreciation on unfunded commitments in the fund’s statement of assets and liabilities and is included in net unrealized appreciation on investments in unaffiliated issuers in the fund’s statement of operations.
Futures contracts — The fund has entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund’s interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio.
Upon entering into futures contracts, and to maintain the fund’s open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant (“FCM”), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.
On a daily basis, the fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in the statement of assets and liabilities. Futures contracts may involve a risk of loss in excess of the variation margin shown on the fund’s statement of assets and liabilities. The fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in the fund’s statement of operations. The average month-end notional amount of futures contracts while held was $2,430,203,000.
Forward currency contracts — The fund has entered into forward currency contracts, which represent agreements to exchange currencies on specific future dates at predetermined rates. The fund’s investment adviser uses forward currency contracts to manage the fund’s exposure to changes in exchange rates. Upon entering into these contracts, risks may arise from the potential inability of counterparties to meet the terms of their contracts and from possible movements in exchange rates.
On a daily basis, the fund’s investment adviser values forward currency contracts and records unrealized appreciation or depreciation for open forward currency contracts in the fund’s statement of assets and liabilities. Realized gains or losses are recorded at the time the forward currency contract is closed or offset by another contract with the same broker for the same settlement date and currency.
48 | Capital World Bond Fund |
Closed forward currency contracts that have not reached their settlement date are included in the respective receivables or payables for closed forward currency contracts in the fund’s statement of assets and liabilities. Net realized gains or losses from closed forward currency contracts and net unrealized appreciation or depreciation from open forward currency contracts are recorded in the fund’s statement of operations. The average month-end notional amount of open forward currency contracts while held was $4,188,138,000.
Swap contracts — The fund has entered into swap agreements, which are two-party contracts entered into primarily by institutional investors for a specified time period. In a typical swap transaction, two parties agree to exchange the returns earned or realized from one or more underlying assets or rates of return. Swap agreements can be traded on a swap execution facility (SEF) and cleared through a central clearinghouse (cleared), traded over-the-counter (OTC) and cleared, or traded bilaterally and not cleared. Because clearing interposes a central clearinghouse as the ultimate counterparty to each participant’s swap, and margin is required to be exchanged under the rules of the clearinghouse, central clearing is intended to decrease (but not eliminate) counterparty risk relative to uncleared bilateral swaps. To the extent the fund enters into bilaterally negotiated swap transactions, the fund will enter into swap agreements only with counterparties that meet certain credit standards and subject to agreed collateralized procedures. The term of a swap can be days, months or years and certain swaps may be less liquid than others.
Upon entering into a centrally cleared swap contract, the fund is required to deposit cash, U.S. government securities or other liquid securities, which is known as initial margin. Generally, the initial margin required for a particular swap is set and held as collateral by the clearinghouse on which the contract is cleared. The amount of initial margin required may be significantly modified from time to time by the clearinghouse during the term of the contract.
On a daily basis, interest accruals related to the exchange of future payments are recorded as a receivable and payable in the fund’s statement of assets and liabilities for centrally cleared swaps and as unrealized appreciation or depreciation in the fund’s statement of assets and liabilities for bilateral swaps. For centrally cleared swaps, the fund also pays or receives a variation margin based on the increase or decrease in the value of the swaps, including accrued interest as applicable, and records variation margin in the statement of assets and liabilities. The fund records realized gains and losses on both the net accrued interest and any gain or loss recognized at the time the swap is closed or expires. Net realized gains or losses, as well as any net unrealized appreciation or depreciation, from swaps are recorded in the fund’s statement of operations.
Swap agreements can take different forms. The fund has entered into the following types of swap agreements:
Interest rate swaps — The fund has entered into interest rate swaps, which seek to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio. An interest rate swap is an agreement between two parties to exchange or swap payments based on changes in an interest rate or rates. Typically, one interest rate is fixed and the other is variable based on a designated short-term interest rate such as the Secured Overnight Financing Rate (SOFR), prime rate or other benchmark, or on an inflation index such as the U.S. Consumer Price Index (which is a measure that examines the weighted average of prices of a basket of consumer goods and services and measures changes in the purchasing power of the U.S. dollar and the rate of inflation). In other types of interest rate swaps, known as basis swaps, the parties agree to swap variable interest rates based on different designated short-term interest rates. Interest rate swaps generally do not involve the delivery of securities or other principal amounts. Rather, cash payments are exchanged by the parties based on the application of the designated interest rates to a notional amount, which is the predetermined dollar principal of the trade upon which payment obligations are computed. Accordingly, the fund’s current obligation or right under the swap agreement is generally equal to the net amount to be paid or received under the swap agreement based on the relative value of the position held by each party. The average month-end notional amount of interest rate swaps while held was $2,703,857,000.
Credit default swap indices — The fund has entered into centrally cleared credit default swap indices, including CDX and iTraxx indices (collectively referred to as “CDSI”), in order to assume exposure to a diversified portfolio of credits or to hedge against existing credit risks. A CDSI is based on a portfolio of credit default swaps with similar characteristics, such as credit default swaps on high-yield bonds. In a typical CDSI transaction, one party (the protection buyer) is obligated to pay the other party (the protection seller) a stream of periodic payments over the term of the contract. If a credit event, such as a default or restructuring, occurs with respect to any of the underlying reference obligations, the protection seller must pay the protection buyer the loss on those credits.
Capital World Bond Fund | 49 |
The fund may enter into a CDSI transaction as either protection buyer or protection seller. If the fund is a protection buyer, it would pay the counterparty a periodic stream of payments over the term of the contract and would not recover any of those payments if no credit events were to occur with respect to any of the underlying reference obligations. However, if a credit event did occur, the fund, as a protection buyer, would have the right to deliver the referenced debt obligations or a specified amount of cash, depending on the terms of the applicable agreement, and to receive the par value of such debt obligations from the counterparty protection seller. As a protection seller, the fund would receive fixed payments throughout the term of the contract if no credit events were to occur with respect to any of the underlying reference obligations. If a credit event were to occur, however, the value of any deliverable obligation received by the fund, coupled with the periodic payments previously received by the fund, may be less than the full notional value that the fund, as a protection seller, pays to the counterparty protection buyer, effectively resulting in a loss of value to the fund. Furthermore, as a protection seller, the fund would effectively add leverage to its portfolio because it would have investment exposure to the notional amount of the swap transaction. The average month-end notional amount of credit default swaps while held was $573,236,000.
The following tables identify the location and fair value amounts on the fund’s statement of assets and liabilities and the effect on the fund’s statement of operations resulting from the fund’s use of futures contracts, forward currency contracts, interest rate swaps and credit default swaps as of, or for the six months ended, June 30, 2023 (dollars in thousands):
| | | | Assets | | | Liabilities | |
Contracts | | Risk type | | Location on statement of assets and liabilities | | Value | | | Location on statement of assets and liabilities | | Value | |
Futures | | Interest | | Unrealized appreciation* | | $ | 7,174 | | | Unrealized depreciation* | | $ | 26,474 | |
Forward currency | | Currency | | Unrealized appreciation on open forward currency contracts | | | 48,543 | | | Unrealized depreciation on open forward currency contracts | | | 67,661 | |
Forward currency | | Currency | | Receivables for closed forward currency contracts | | | 21 | | | Payables for closed forward currency contracts | | | — | |
Swap (centrally cleared) | | Interest | | Unrealized appreciation* | | | 8,427 | | | Unrealized depreciation* | | | 36,816 | |
Swap (bilateral) | | Interest | | Bilateral swaps, at value | | | 162 | | | Bilateral swaps, at value | | | — | |
Swap (centrally cleared) | | Credit | | Unrealized appreciation* | | | — | | | Unrealized depreciation* | | | 2,880 | |
| | | | | | $ | 64,327 | | | | | $ | 133,831 | |
| | | | | | | | | | | | | | |
| | | | Net realized loss | | | Net unrealized (depreciation) appreciation | |
Contracts | | Risk type | | Location on statement of operations | | Value | | | Location on statement of operations | | Value | |
Futures | | Interest | | Net realized loss on futures contracts | | $ | (27,465 | ) | | Net unrealized depreciation on futures contracts | | $ | (1,196 | ) |
Forward currency | | Currency | | Net realized loss on forward currency contracts | | | (62,906 | ) | | Net unrealized depreciation on forward currency contracts | | | (51,159 | ) |
Swap | | Interest | | Net realized loss on swap contracts | | | (47,863 | ) | | Net unrealized appreciation on swap contracts | | | 49,654 | |
Swap | | Credit | | Net realized loss on swap contracts | | | (3,232 | ) | | Net unrealized depreciation on swap contracts | | | (1,775 | ) |
| | | | | | $ | (141,466 | ) | | | | $ | (4,476 | ) |
* | Includes cumulative appreciation/depreciation on futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps as reported in the applicable tables following the fund’s investment portfolio. Only current day’s variation margin is reported within the fund’s statement of assets and liabilities. |
Collateral — The fund receives or pledges highly liquid assets, such as cash or U.S. government securities, as collateral due to its use of futures contracts, forward currency contracts, interest rate swaps, credit default swaps and future delivery contracts. For futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps, the fund pledges collateral for initial and variation margin by contract. For forward currency contracts and bilateral interest rate swaps, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by counterparty. For future delivery contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by certain counterparties. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by the fund, if any, is disclosed in the fund’s investment portfolio, and cash collateral pledged by the fund, if any, is held in a segregated account with the fund’s custodian, which is reflected as pledged cash collateral in the fund’s statement of assets and liabilities.
50 | Capital World Bond Fund |
Rights of offset — The fund has entered into enforceable master netting agreements with certain counterparties for forward currency contracts and bilateral interest rate swaps, where on any date amounts payable by each party to the other (in the same currency with respect to the same transaction) may be closed or offset by each party’s payment obligation. If an early termination date occurs under these agreements following an event of default or termination event, all obligations of each party to its counterparty are settled net through a single payment in a single currency (“close-out netting”). For financial reporting purposes, the fund does not offset financial assets and financial liabilities that are subject to these master netting arrangements in the statement of assets and liabilities.
The following table presents the fund’s forward currency contracts and bilateral interest rate swaps by counterparty that are subject to master netting agreements but that are not offset in the fund’s statement of assets and liabilities. The net amount column shows the impact of offsetting on the fund’s statement of assets and liabilities as of June 30, 2023, if close-out netting was exercised (dollars in thousands):
| | Gross amounts recognized in the | | | Gross amounts not offset in the statement of assets and liabilities and subject to a master netting agreement | | | | |
Counterparty | | statement of assets and liabilities | | | Available to offset | | | Non-cash collateral* | | | Cash collateral* | | | Net amount | |
Assets: | | | | | | | | | | | | | | | | | | | | |
Bank of America | | $ | 5,304 | | | $ | (5,304 | ) | | $ | — | | | $ | — | | | $ | — | |
Barclays Bank PLC | | | 491 | | | | (491 | ) | | | — | | | | — | | | | — | |
BNP Paribas | | | 372 | | | | (372 | ) | | | — | | | | — | | | | — | |
Citibank | | | 2,687 | | | | (2,687 | ) | | | — | | | | — | | | | — | |
Goldman Sachs | | | 760 | | | | (760 | ) | | | — | | | | — | | | | — | |
HSBC Bank | | | 31,878 | | | | (26,660 | ) | | | (4,406 | ) | | | — | | | | 812 | |
JPMorgan Chase | | | 2,494 | | | | (2,494 | ) | | | — | | | | — | | | | — | |
Morgan Stanley | | | 3,596 | | | | (3,596 | ) | | | — | | | | — | | | | — | |
Standard Chartered Bank | | | 78 | | | | (78 | ) | | | — | | | | — | | | | — | |
UBS AG | | | 1,045 | | | | (1,045 | ) | | | — | | | | — | | | | — | |
Total | | $ | 48,705 | | | $ | (43,487 | ) | | $ | (4,406 | ) | | $ | — | | | $ | 812 | |
Liabilities: | | | | | | | | | | | | | | | | | | | | |
Bank of America | | $ | 5,612 | | | $ | (5,304 | ) | | $ | (308 | ) | | $ | — | | | $ | — | |
Bank of New York Mellon | | | 245 | | | | — | | | | (245 | ) | | | — | | | | — | |
Barclays Bank PLC | | | 1,775 | | | | (491 | ) | | | (838 | ) | | | — | | | | 446 | |
BNP Paribas | | | 1,024 | | | | (372 | ) | | | (652 | ) | | | — | | | | — | |
Citibank | | | 8,241 | | | | (2,687 | ) | | | (5,554 | ) | | | — | | | | — | |
Goldman Sachs | | | 1,878 | | | | (760 | ) | | | (1,118 | ) | | | — | | | | — | |
HSBC Bank | | | 26,660 | | | | (26,660 | ) | | | — | | | | — | | | | — | |
JPMorgan Chase | | | 11,872 | | | | (2,494 | ) | | | (9,378 | ) | | | — | | | | — | |
Morgan Stanley | | | 8,236 | | | | (3,596 | ) | | | (4,640 | ) | | | — | | | | — | |
Standard Chartered Bank | | | 896 | | | | (78 | ) | | | (818 | ) | | | — | | | | — | |
UBS AG | | | 1,222 | | | | (1,045 | ) | | | (177 | ) | | | — | | | | — | |
Total | | $ | 67,661 | | | $ | (43,487 | ) | | $ | (23,728 | ) | | $ | — | | | $ | 446 | |
* | Collateral is shown on a settlement basis. |
6. Taxation and distributions
Federal income taxation — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.
As of and during the period ended June 30, 2023, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the period, the fund did not incur any significant interest or penalties.
The fund’s tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction’s statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.
Non-U.S. taxation — Dividend and interest income are recorded net of non-U.S. taxes paid. The fund may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. These reclaims are recorded when the amount is known and
Capital World Bond Fund | 51 |
there are no significant uncertainties on collectability. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. The fund generally records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.
Distributions — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; cost of investments sold; net capital losses and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes.
The components of distributable earnings on a tax basis are reported as of the fund’s most recent year-end. As of December 31, 2022, the components of distributable earnings on a tax basis were as follows (dollars in thousands):
Distributions in excess of ordinary income | | $ | 125,989 | |
Late year ordinary loss deferral1 | | | (130,971 | ) |
Capital loss carryforward2 | | | (1,330,263 | ) |
1 | This deferral is considered incurred in the subsequent year. |
2 | The capital loss carryforward will be used to offset any capital gains realized by the fund in the current year or in subsequent years. The fund will not make distributions from capital gains while a capital loss carryforward remains. |
As of June 30, 2023, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):
Gross unrealized appreciation on investments | | $ | 160,312 | |
Gross unrealized depreciation on investments | | | (1,110,887 | ) |
Net unrealized depreciation on investments | | | (950,575 | ) |
Cost of investments | | | 11,123,123 | |
Distributions paid were characterized for tax purposes as follows (dollars in thousands):
| | Six months ended June 30, 2023 | | | Year ended December 31, 2022 | |
Share class | | Ordinary income3 | | | Long-term capital gains | | | Total distributions paid | | | Ordinary income | | | Return of capital | | | Total distributions paid | |
Class A | | $ | 44,111 | | | $ | — | | | $ | 44,111 | | | $ | 39,667 | | | $ | 42,742 | | | $ | 82,409 | |
Class C | | | 379 | | | | — | | | | 379 | | | | 336 | | | | 368 | | | | 704 | |
Class T | | | — | 4 | | | — | | | | — | 4 | | | — | 4 | | | — | 4 | | | — | 4 |
Class F-1 | | | 1,067 | | | | — | | | | 1,067 | | | | 979 | | | | 1,060 | | | | 2,039 | |
Class F-2 | | | 11,113 | | | | — | | | | 11,113 | | | | 10,765 | | | | 11,284 | | | | 22,049 | |
Class F-3 | | | 19,575 | | | | — | | | | 19,575 | | | | 12,525 | | | | 14,033 | | | | 26,558 | |
Class 529-A | | | 2,427 | | | | — | | | | 2,427 | | | | 2,106 | | | | 2,292 | | | | 4,398 | |
Class 529-C | | | 47 | | | | — | | | | 47 | | | | 43 | | | | 45 | | | | 88 | |
Class 529-E | | | 92 | | | | — | | | | 92 | | | | 78 | | | | 85 | | | | 163 | |
Class 529-T | | | — | 4 | | | — | | | | — | 4 | | | — | 4 | | | — | 4 | | | — | 4 |
Class 529-F-1 | | | — | 4 | | | — | | | | — | 4 | | | — | 4 | | | — | 4 | | | — | 4 |
Class 529-F-2 | | | 446 | | | | — | | | | 446 | | | | 375 | | | | 413 | | | | 788 | |
Class 529-F-3 | | | — | 4 | | | — | | | | — | 4 | | | — | 4 | | | — | 4 | | | — | 4 |
Class R-1 | | | 50 | | | | — | | | | 50 | | | | 35 | | | | 40 | | | | 75 | |
Class R-2 | | | 618 | | | | — | | | | 618 | | | | 443 | | | | 511 | | | | 954 | |
Class R-2E | | | 53 | | | | — | | | | 53 | | | | 41 | | | | 46 | | | | 87 | |
Class R-3 | | | 993 | | | | — | | | | 993 | | | | 806 | | | | 904 | | | | 1,710 | |
Class R-4 | | | 829 | | | | — | | | | 829 | | | | 707 | | | | 774 | | | | 1,481 | |
Class R-5E | | | 330 | | | | — | | | | 330 | | | | 238 | | | | 271 | | | | 509 | |
Class R-5 | | | 399 | | | | — | | | | 399 | | | | 336 | | | | 395 | | | | 731 | |
Class R-6 | | | 41,354 | | | | — | | | | 41,354 | | | | 55,207 | | | | 50,726 | | | | 105,933 | |
Total | | $ | 123,883 | | | $ | — | | | $ | 123,883 | | | $ | 124,687 | | | $ | 125,989 | | | $ | 250,676 | |
3 | All or a portion of these amounts may later be determined as return of capital; the determination will be made at December 31, 2023. |
4 | Amount less than one thousand. |
52 | Capital World Bond Fund |
7. Fees and transactions with related parties
CRMC, the fund’s investment adviser, is the parent company of American Funds Distributors®, Inc. (“AFD”), the principal underwriter of the fund’s shares, and American Funds Service Company® (“AFS”), the fund’s transfer agent. CRMC, AFD and AFS are considered related parties to the fund.
Investment advisory services — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.431% on the first $15 billion of daily net assets and decreasing to 0.360% on such assets in excess of $15 billion. For the six months ended June 30, 2023, the investment advisory services fees were $20,637,000, which were equivalent to an annualized rate of 0.431% of average daily net assets.
Class-specific fees and expenses — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:
Distribution services — The fund has plans of distribution for all share classes, except Class F-2, F-3, 529-F-2, 529-F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.30% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate AFD for paying service fees, to firms that have entered into agreements with AFD to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.
Share class | | Currently approved limits | | Plan limits |
Class A | | | 0.30 | % | | | 0.30 | % |
Class 529-A | | | 0.30 | | | | 0.50 | |
Classes C, 529-C and R-1 | | | 1.00 | | | | 1.00 | |
Class R-2 | | | 0.75 | | | | 1.00 | |
Class R-2E | | | 0.60 | | | | 0.85 | |
Classes 529-E and R-3 | | | 0.50 | | | | 0.75 | |
Classes T, F-1, 529-T, 529-F-1 and R-4 | | | 0.25 | | | | 0.50 | |
For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by AFD for certain shares sold without a sales charge. These share classes reimburse AFD for amounts billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of June 30, 2023, there were no unreimbursed expenses subject to reimbursement for Class A or 529-A shares.
Transfer agent services — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund’s share classes. These services include recordkeeping, shareholder communications and transaction processing. In addition, the fund reimburses AFS for amounts paid to third parties for performing transfer agent services on behalf of fund shareholders. For the six months ended June 30, 2023, AFS waived transfer agent services fees of $25,000 for share classes A, C, T, F-1, 529-A, 529-C, 529-E, 529-T and 529-F-1. AFS does not intend to recoup this waiver.
Administrative services — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the average daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of the average daily net assets attributable to each share class of the fund for CRMC’s provision of administrative services.
Capital World Bond Fund | 53 |
529 plan services — Each 529 share class is subject to service fees to compensate the Virginia College Savings Plan (“Virginia529”) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fees are based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Virginia529 through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. Virginia529 is not considered a related party to the fund.
The quarterly fees are based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $75 billion. The fees for any given calendar quarter are accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. For the six months ended June 30, 2023, the 529 plan services fees were $78,000, which were equivalent to 0.060% of the average daily net assets of each 529 share class.
For the six months ended June 30, 2023, class-specific expenses under the agreements were as follows (dollars in thousands):
Share class | | Distribution services | | | Transfer agent services | | | Administrative services | | | 529 plan services | |
Class A | | | $4,663 | | | | $4,795 | | | | $571 | | | | Not applicable | |
Class C | | | 234 | | | | 61 | | | | 7 | | | | Not applicable | |
Class T | | | — | | | | — | * | | | — | * | | | Not applicable | |
Class F-1 | | | 112 | | | | 135 | | | | 14 | | | | Not applicable | |
Class F-2 | | | Not applicable | | | | 468 | | | | 123 | | | | Not applicable | |
Class F-3 | | | Not applicable | | | | 9 | | | | 207 | | | | Not applicable | |
Class 529-A | | | 245 | | | | 250 | | | | 32 | | | | $64 | |
Class 529-C | | | 32 | | | | 8 | | | | 1 | | | | 2 | |
Class 529-E | | | 21 | | | | 4 | | | | 1 | | | | 2 | |
Class 529-T | | | — | | | | — | * | | | — | * | | | — | * |
Class 529-F-1 | | | — | | | | — | * | | | — | * | | | — | * |
Class 529-F-2 | | | Not applicable | | | | 3 | | | | 5 | | | | 10 | |
Class 529-F-3 | | | Not applicable | | | | — | * | | | — | * | | | — | * |
Class R-1 | | | 27 | | | | 3 | | | | 1 | | | | Not applicable | |
Class R-2 | | | 260 | | | | 120 | | | | 10 | | | | Not applicable | |
Class R-2E | | | 15 | | | | 5 | | | | 1 | | | | Not applicable | |
Class R-3 | | | 228 | | | | 69 | | | | 14 | | | | Not applicable | |
Class R-4 | | | 85 | | | | 33 | | | | 10 | | | | Not applicable | |
Class R-5E | | | Not applicable | | | | 18 | | | | 4 | | | | Not applicable | |
Class R-5 | | | Not applicable | | | | 9 | | | | 4 | | | | Not applicable | |
Class R-6 | | | Not applicable | | | | 20 | | | | 431 | | | | Not applicable | |
Total class-specific expenses | | | $5,922 | | | | $6,010 | | | | $1,436 | | | | $78 | |
* | Amount less than one thousand. |
Trustees’ deferred compensation — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees’ compensation of $29,000 in the fund’s statement of operations reflects $24,000 in current fees (either paid in cash or deferred) and a net increase of $5,000 in the value of the deferred amounts.
Affiliated officers and trustees — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, AFD and AFS. No affiliated officers or trustees received any compensation directly from the fund.
Investments in CCBF and CCF — The fund holds shares of CCBF, a corporate bond fund, and CCF, an institutional prime money market fund, which are both managed by CRMC. CCBF seeks to provide maximum total return consistent with capital preservation and prudent risk management by investing primarily in corporate debt instruments. CCBF is used as an investment vehicle for the fund’s corporate bond investments. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund’s short-term instruments. Both CCBF and CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from either CCBF or CCF.
54 | Capital World Bond Fund |
Security transactions with related funds — The fund may purchase investment securities from, or sell investment securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund’s board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. When such transactions occur, each transaction is executed at the current market price of the security and no brokerage commissions or fees are paid in accordance with Rule 17a-7 of the 1940 Act. During the six months ended June 30, 2023, the fund did not engage in any such purchase or sale transactions with any related funds.
Interfund lending — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the six months ended June 30, 2023.
8. Indemnifications
The fund’s organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund’s maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund’s board members and officers.
9. Capital share transactions
Capital share transactions in the fund were as follows (dollars and shares in thousands):
| | Sales* | | | Reinvestments of distributions | | | Repurchases* | | | Net (decrease) increase | |
Share class | | Amount | | | Shares | | | Amount | | | Shares | | | Amount | | | Shares | | | Amount | | | Shares | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Six months ended June 30, 2023 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | $ | 108,985 | | | | 6,661 | | | $ | 43,676 | | | | 2,686 | | | $ | (306,391 | ) | | | (18,732 | ) | | $ | (153,730 | ) | | | (9,385 | ) |
Class C | | | 2,892 | | | | 180 | | | | 378 | | | | 23 | | | | (10,630 | ) | | | (662 | ) | | | (7,360 | ) | | | (459 | ) |
Class T | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Class F-1 | | | 1,088 | | | | 66 | | | | 1,043 | | | | 64 | | | | (9,212 | ) | | | (563 | ) | | | (7,081 | ) | | | (433 | ) |
Class F-2 | | | 84,530 | | | | 5,167 | | | | 10,973 | | | | 676 | | | | (116,575 | ) | | | (7,130 | ) | | | (21,072 | ) | | | (1,287 | ) |
Class F-3 | | | 202,759 | | | | 12,316 | | | | 19,450 | | | | 1,197 | | | | (206,351 | ) | | | (12,518 | ) | | | 15,858 | | | | 995 | |
Class 529-A | | | 8,577 | | | | 523 | | | | 2,426 | | | | 149 | | | | (17,777 | ) | | | (1,083 | ) | | | (6,774 | ) | | | (411 | ) |
Class 529-C | | | 669 | | | | 41 | | | | 47 | | | | 3 | | | | (1,479 | ) | | | (91 | ) | | | (763 | ) | | | (47 | ) |
Class 529-E | | | 415 | | | | 26 | | | | 92 | | | | 5 | | | | (798 | ) | | | (49 | ) | | | (291 | ) | | | (18 | ) |
Class 529-T | | | — | | | | — | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class 529-F-1 | | | — | | | | — | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class 529-F-2 | | | 2,506 | | | | 153 | | | | 446 | | | | 28 | | | | (3,555 | ) | | | (217 | ) | | | (603 | ) | | | (36 | ) |
Class 529-F-3 | | | — | | | | — | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class R-1 | | | 552 | | | | 34 | | | | 50 | | | | 3 | | | | (499 | ) | | | (31 | ) | | | 103 | | | | 6 | |
Class R-2 | | | 6,242 | | | | 387 | | | | 617 | | | | 39 | | | | (8,572 | ) | | | (531 | ) | | | (1,713 | ) | | | (105 | ) |
Class R-2E | | | 473 | | | | 29 | | | | 53 | | | | 3 | | | | (405 | ) | | | (25 | ) | | | 121 | | | | 7 | |
Class R-3 | | | 8,640 | | | | 530 | | | | 992 | | | | 61 | | | | (12,832 | ) | | | (788 | ) | | | (3,200 | ) | | | (197 | ) |
Class R-4 | | | 4,959 | | | | 303 | | | | 829 | | | | 51 | | | | (9,909 | ) | | | (608 | ) | | | (4,121 | ) | | | (254 | ) |
Class R-5E | | | 3,163 | | | | 193 | | | | 330 | | | | 21 | | | | (2,547 | ) | | | (156 | ) | | | 946 | | | | 58 | |
Class R-5 | | | 2,517 | | | | 154 | | | | 397 | | | | 24 | | | | (7,911 | ) | | | (485 | ) | | | (4,997 | ) | | | (307 | ) |
Class R-6 | | | 227,427 | | | | 13,947 | | | | 41,353 | | | | 2,543 | | | | (177,622 | ) | | | (10,925 | ) | | | 91,158 | | | | 5,565 | |
Total net increase (decrease) | | $ | 666,394 | | | | 40,710 | | | $ | 123,152 | | | | 7,576 | | | $ | (893,065 | ) | | | (54,594 | ) | | $ | (103,519 | ) | | | (6,308 | ) |
Refer to the end of the table for footnotes.
Capital World Bond Fund | 55 |
| | Sales* | | | Reinvestments of distributions | | | Repurchases* | | | Net (decrease) increase | |
Share class | | Amount | | | Shares | | | Amount | | | Shares | | | Amount | | | Shares | | | Amount | | | Shares | |
| | | | | | | | | | | | | | | | | | | | | | | | |
Year ended December 31, 2022 | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Class A | | $ | 225,620 | | | | 12,928 | | | $ | 81,576 | | | | 4,885 | | | $ | (997,297 | ) | | | (58,641 | ) | | $ | (690,101 | ) | | | (40,828 | ) |
Class C | | | 7,030 | | | | 407 | | | | 702 | | | | 43 | | | | (27,532 | ) | | | (1,617 | ) | | | (19,800 | ) | | | (1,167 | ) |
Class T | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Class F-1 | | | 4,614 | | | | 269 | | | | 1,990 | | | | 120 | | | | (26,085 | ) | | | (1,531 | ) | | | (19,481 | ) | | | (1,142 | ) |
Class F-2 | | | 227,798 | | | | 13,156 | | | | 21,755 | | | | 1,303 | | | | (461,710 | ) | | | (27,388 | ) | | | (212,157 | ) | | | (12,929 | ) |
Class F-3 | | | 744,424 | | | | 46,269 | | | | 26,236 | | | | 1,576 | | | | (497,316 | ) | | | (28,882 | ) | | | 273,344 | | | | 18,963 | |
Class 529-A | | | 18,780 | | | | 1,085 | | | | 4,396 | | | | 262 | | | | (48,885 | ) | | | (2,838 | ) | | | (25,709 | ) | | | (1,491 | ) |
Class 529-C | | | 1,314 | | | | 76 | | | | 88 | | | | 5 | | | | (4,603 | ) | | | (270 | ) | | | (3,201 | ) | | | (189 | ) |
Class 529-E | | | 591 | | | | 34 | | | | 163 | | | | 10 | | | | (1,831 | ) | | | (108 | ) | | | (1,077 | ) | | | (64 | ) |
Class 529-T | | | — | | | | — | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class 529-F-1 | | | — | | | | — | | | | — | † | | | — | † | | | — | | | | — | | | | — | † | | | — | † |
Class 529-F-2 | | | 6,002 | | | | 349 | | | | 789 | | | | 48 | | | | (8,364 | ) | | | (490 | ) | | | (1,573 | ) | | | (93 | ) |
Class 529-F-3 | | | — | | | | — | | | | — | † | | | 1 | | | | — | | | | — | | | | — | † | | | 1 | |
Class R-1 | | | 1,167 | | | | 67 | | | | 74 | | | | 4 | | | | (826 | ) | | | (49 | ) | | | 415 | | | | 22 | |
Class R-2 | | | 13,344 | | | | 781 | | | | 953 | | | | 58 | | | | (20,538 | ) | | | (1,193 | ) | | | (6,241 | ) | | | (354 | ) |
Class R-2E | | | 1,203 | | | | 69 | | | | 88 | | | | 5 | | | | (2,080 | ) | | | (120 | ) | | | (789 | ) | | | (46 | ) |
Class R-3 | | | 20,060 | | | | 1,158 | | | | 1,708 | | | | 102 | | | | (32,815 | ) | | | (1,883 | ) | | | (11,047 | ) | | | (623 | ) |
Class R-4 | | | 19,417 | | | | 1,115 | | | | 1,481 | | | | 89 | | | | (27,185 | ) | | | (1,559 | ) | | | (6,287 | ) | | | (355 | ) |
Class R-5E | | | 7,315 | | | | 432 | | | | 508 | | | | 31 | | | | (4,923 | ) | | | (292 | ) | | | 2,900 | | | | 171 | |
Class R-5 | | | 8,764 | | | | 510 | | | | 730 | | | | 44 | | | | (25,559 | ) | | | (1,350 | ) | | | (16,065 | ) | | | (796 | ) |
Class R-6 | | | 762,946 | | | | 42,524 | | | | 105,934 | | | | 6,273 | | | | (3,589,471 | ) | | | (216,303 | ) | | | (2,720,591 | ) | | | (167,506 | ) |
Total net increase (decrease) | | $ | 2,070,389 | | | | 121,229 | | | $ | 249,171 | | | | 14,859 | | | $ | (5,777,020 | ) | | | (344,514 | ) | | $ | (3,457,460 | ) | | | (208,426 | ) |
* | Includes exchanges between share classes of the fund. |
† | Amount less than one thousand. |
10. Investment transactions
The fund engaged in purchases and sales of investment securities, excluding short-term securities and U.S. government obligations, if any, of $8,540,496,000 and $8,082,924,000, respectively, during the six months ended June 30, 2023.
56 | Capital World Bond Fund |
Financial Highlights
| | | | | Income (loss) from investment operations1 | | | Dividends, distributions and return of capital | | | | | | | | | | | | | | | | | | | |
Year ended | | Net asset value, beginning of year | | | Net investment income | | | Net (losses) gains on securities (both realized and unrealized) | | | Total from investment operations | | | Dividends (from net investment income) | | | Distributions (from capital gains) | | | Return of capital | | | Total dividends, distributions and return of capital | | | Net assets value, end of year | | | Total return2,3 | | | Net assets, end of year (in millions) | | | Ratio of expenses to average net assets before waivers/ reimburse- ments4 | | | Ratio of expenses to average net assets after waivers/ reimburse- ments3,4 | | | Ratio of net income to average net assets3 | |
Class A: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | $ | 16.12 | | | $ | .22 | | | $ | (.03 | ) | | $ | .19 | | | $ | (.19 | ) | | $ | — | | | $ | — | | | $ | (.19 | ) | | $ | 16.12 | | | | 1.17 | %7 | | $ | 3,713 | | | | .98 | %8 | | | .98 | %8 | | | 2.66 | %8 |
12/31/2022 | | | 19.92 | | | | .31 | | | | (3.79 | ) | | | (3.48 | ) | | | (.15 | ) | | | — | | | | (.17 | ) | | | (.32 | ) | | | 16.12 | | | | (17.51 | ) | | | 3,862 | | | | .95 | | | | .95 | | | | 1.83 | |
12/31/2021 | | | 21.55 | | | | .31 | | | | (1.42 | ) | | | (1.11 | ) | | | (.40 | ) | | | (.12 | ) | | | — | | | | (.52 | ) | | | 19.92 | | | | (5.17 | ) | | | 5,586 | | | | .92 | | | | .92 | | | | 1.50 | |
12/31/2020 | | | 20.26 | | | | .34 | | | | 1.64 | | | | 1.98 | | | | (.40 | ) | | | (.29 | ) | | | — | | | | (.69 | ) | | | 21.55 | | | | 9.90 | | | | 5,999 | | | | .93 | | | | .93 | | | | 1.62 | |
12/31/2019 | | | 19.25 | | | | .44 | | | | 1.03 | | | | 1.47 | | | | (.39 | ) | | | (.07 | ) | | | — | | | | (.46 | ) | | | 20.26 | | | | 7.66 | | | | 5,669 | | | | .94 | | | | .94 | | | | 2.22 | |
12/31/2018 | | | 19.97 | | | | .44 | | | | (.74 | ) | | | (.30 | ) | | | (.42 | ) | | | — | | | | — | | | | (.42 | ) | | | 19.25 | | | | (1.53 | ) | | | 5,499 | | | | .94 | | | | .94 | | | | 2.25 | |
Class C: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 15.83 | | | | .15 | | | | (.01 | ) | | | .14 | | | | (.13 | ) | | | — | | | | — | | | | (.13 | ) | | | 15.84 | | | | .88 | 7 | | | 45 | | | | 1.70 | 8 | | | 1.70 | 8 | | | 1.94 | 8 |
12/31/2022 | | | 19.57 | | | | .18 | | | | (3.73 | ) | | | (3.55 | ) | | | (.09 | ) | | | — | | | | (.10 | ) | | | (.19 | ) | | | 15.83 | | | | (18.16 | ) | | | 52 | | | | 1.69 | | | | 1.69 | | | | 1.08 | |
12/31/2021 | | | 21.17 | | | | .16 | | | | (1.39 | ) | | | (1.23 | ) | | | (.25 | ) | | | (.12 | ) | | | — | | | | (.37 | ) | | | 19.57 | | | | (5.82 | ) | | | 87 | | | | 1.65 | | | | 1.65 | | | | .77 | |
12/31/2020 | | | 19.91 | | | | .18 | | | | 1.61 | | | | 1.79 | | | | (.24 | ) | | | (.29 | ) | | | — | | | | (.53 | ) | | | 21.17 | | | | 9.09 | | | | 118 | | | | 1.67 | | | | 1.67 | | | | .90 | |
12/31/2019 | | | 18.92 | | | | .29 | | | | 1.01 | | | | 1.30 | | | | (.24 | ) | | | (.07 | ) | | | — | | | | (.31 | ) | | | 19.91 | | | | 6.87 | | | | 178 | | | | 1.69 | | | | 1.69 | | | | 1.47 | |
12/31/2018 | | | 19.63 | | | | .28 | | | | (.73 | ) | | | (.45 | ) | | | (.26 | ) | | | — | | | | — | | | | (.26 | ) | | | 18.92 | | | | (2.30 | ) | | | 210 | | | | 1.72 | | | | 1.72 | | | | 1.46 | |
Class T: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.09 | | | | .25 | | | | (.02 | ) | | | .23 | | | | (.22 | ) | | | — | | | | — | | | | (.22 | ) | | | 16.10 | | | | 1.45 | 7,9 | | | — | 10 | | | .58 | 8,9 | | | .58 | 8,9 | | | 3.03 | 8,9 |
12/31/2022 | | | 19.90 | | | | .35 | | | | (3.80 | ) | | | (3.45 | ) | | | (.17 | ) | | | — | | | | (.19 | ) | | | (.36 | ) | | | 16.09 | | | | (17.35 | )9 | | | — | 10 | | | .68 | 9 | | | .68 | 9 | | | 2.06 | 9 |
12/31/2021 | | | 21.54 | | | | .35 | | | | (1.42 | ) | | | (1.07 | ) | | | (.45 | ) | | | (.12 | ) | | | — | | | | (.57 | ) | | | 19.90 | | | | (4.98 | )9 | | | — | 10 | | | .68 | 9 | | | .68 | 9 | | | 1.71 | 9 |
12/31/2020 | | | 20.26 | | | | .38 | | | | 1.64 | | | | 2.02 | | | | (.45 | ) | | | (.29 | ) | | | — | | | | (.74 | ) | | | 21.54 | | | | 10.13 | 9 | | | — | 10 | | | .68 | 9 | | | .68 | 9 | | | 1.83 | 9 |
12/31/2019 | | | 19.25 | | | | .49 | | | | 1.03 | | | | 1.52 | | | | (.44 | ) | | | (.07 | ) | | | — | | | | (.51 | ) | | | 20.26 | | | | 7.93 | 9 | | | — | 10 | | | .69 | 9 | | | .69 | 9 | | | 2.44 | 9 |
12/31/2018 | | | 19.97 | | | | .49 | | | | (.75 | ) | | | (.26 | ) | | | (.46 | ) | | | — | | | | — | | | | (.46 | ) | | | 19.25 | | | | (1.32 | )9 | | | — | 10 | | | .72 | 9 | | | .72 | 9 | | | 2.48 | 9 |
Class F-1: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.08 | | | | .21 | | | | (.02 | ) | | | .19 | | | | (.19 | ) | | | — | | | | — | | | | (.19 | ) | | | 16.08 | | | | 1.17 | 7 | | | 89 | | | | 1.01 | 8 | | | .99 | 8 | | | 2.65 | 8 |
12/31/2022 | | | 19.87 | | | | .31 | | | | (3.78 | ) | | | (3.47 | ) | | | (.15 | ) | | | — | | | | (.17 | ) | | | (.32 | ) | | | 16.08 | | | | (17.53 | ) | | | 96 | | | | .97 | | | | .97 | | | | 1.80 | |
12/31/2021 | | | 21.50 | | | | .30 | | | | (1.42 | ) | | | (1.12 | ) | | | (.39 | ) | | | (.12 | ) | | | — | | | | (.51 | ) | | | 19.87 | | | | (5.20 | ) | | | 141 | | | | .94 | | | | .94 | | | | 1.48 | |
12/31/2020 | | | 20.21 | | | | .33 | | | | 1.65 | | | | 1.98 | | | | (.40 | ) | | | (.29 | ) | | | — | | | | (.69 | ) | | | 21.50 | | | | 9.93 | | | | 187 | | | | .93 | | | | .93 | | | | 1.62 | |
12/31/2019 | | | 19.20 | | | | .45 | | | | 1.02 | | | | 1.47 | | | | (.39 | ) | | | (.07 | ) | | | — | | | | (.46 | ) | | | 20.21 | | | | 7.68 | | | | 209 | | | | .93 | | | | .93 | | | | 2.24 | |
12/31/2018 | | | 19.92 | | | | .44 | | | | (.74 | ) | | | (.30 | ) | | | (.42 | ) | | | — | | | | — | | | | (.42 | ) | | | 19.20 | | | | (1.53 | ) | | | 238 | | | | .93 | | | | .93 | | | | 2.25 | |
Class F-2: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.09 | | | | .25 | | | | (.03 | ) | | | .22 | | | | (.22 | ) | | | — | | | | — | | | | (.22 | ) | | | 16.09 | | | | 1.37 | 7 | | | 802 | | | | .60 | 8 | | | .60 | 8 | | | 3.05 | 8 |
12/31/2022 | | | 19.88 | | | | .37 | | | | (3.78 | ) | | | (3.41 | ) | | | (.18 | ) | | | — | | | | (.20 | ) | | | (.38 | ) | | | 16.09 | | | | (17.20 | ) | | | 823 | | | | .60 | | | | .60 | | | | 2.17 | |
12/31/2021 | | | 21.51 | | | | .38 | | | | (1.42 | ) | | | (1.04 | ) | | | (.47 | ) | | | (.12 | ) | | | — | | | | (.59 | ) | | | 19.88 | | | | (4.85 | ) | | | 1,274 | | | | .59 | | | | .59 | | | | 1.84 | |
12/31/2020 | | | 20.23 | | | | .40 | | | | 1.64 | | | | 2.04 | | | | (.47 | ) | | | (.29 | ) | | | — | | | | (.76 | ) | | | 21.51 | | | | 10.25 | | | | 1,182 | | | | .60 | | | | .60 | | | | 1.95 | |
12/31/2019 | | | 19.22 | | | | .51 | | | | 1.02 | | | | 1.53 | | | | (.45 | ) | | | (.07 | ) | | | — | | | | (.52 | ) | | | 20.23 | | | | 8.00 | | | | 932 | | | | .63 | | | | .63 | | | | 2.57 | |
12/31/2018 | | | 19.94 | | | | .51 | | | | (.75 | ) | | | (.24 | ) | | | (.48 | ) | | | — | | | | — | | | | (.48 | ) | | | 19.22 | | | | (1.19 | ) | | | 1,217 | | | | .60 | | | | .60 | | | | 2.59 | |
Class F-3: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.10 | | | | .26 | | | | (.02 | ) | | | .24 | | | | (.23 | ) | | | — | | | | — | | | | (.23 | ) | | | 16.11 | | | | 1.49 | 7 | | | 1,380 | | | | .48 | 8 | | | .48 | 8 | | | 3.16 | 8 |
12/31/2022 | | | 19.90 | | | | .40 | | | | (3.80 | ) | | | (3.40 | ) | | | (.19 | ) | | | — | | | | (.21 | ) | | | (.40 | ) | | | 16.10 | | | | (17.13 | ) | | | 1,363 | | | | .48 | | | | .48 | | | | 2.31 | |
12/31/2021 | | | 21.53 | | | | .40 | | | | (1.42 | ) | | | (1.02 | ) | | | (.49 | ) | | | (.12 | ) | | | — | | | | (.61 | ) | | | 19.90 | | | | (4.74 | ) | | | 1,307 | | | | .48 | | | | .48 | | | | 1.95 | |
12/31/2020 | | | 20.24 | | | | .42 | | | | 1.65 | | | | 2.07 | | | | (.49 | ) | | | (.29 | ) | | | — | | | | (.78 | ) | | | 21.53 | | | | 10.39 | | | | 1,166 | | | | .50 | | | | .50 | | | | 2.07 | |
12/31/2019 | | | 19.23 | | | | .53 | | | | 1.03 | | | | 1.56 | | | | (.48 | ) | | | (.07 | ) | | | — | | | | (.55 | ) | | | 20.24 | | | | 8.12 | | | | 2,246 | | | | .52 | | | | .52 | | | | 2.64 | |
12/31/2018 | | | 19.95 | | | | .52 | | | | (.75 | ) | | | (.23 | ) | | | (.49 | ) | | | — | | | | — | | | | (.49 | ) | | | 19.23 | | | | (1.13 | ) | | | 2,037 | | | | .54 | | | | .54 | | | | 2.65 | |
Class 529-A: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.17 | | | | .21 | | | | (.01 | ) | | | .20 | | | | (.19 | ) | | | — | | | | — | | | | (.19 | ) | | | 16.18 | | | | 1.21 | 7 | | | 209 | | | | 1.01 | 8 | | | 1.01 | 8 | | | 2.64 | 8 |
12/31/2022 | | | 19.98 | | | | .31 | | | | (3.80 | ) | | | (3.49 | ) | | | (.15 | ) | | | — | | | | (.17 | ) | | | (.32 | ) | | | 16.17 | | | | (17.53 | ) | | | 216 | | | | .98 | | | | .98 | | | | 1.80 | |
12/31/2021 | | | 21.61 | | | | .31 | | | | (1.42 | ) | | | (1.11 | ) | | | (.40 | ) | | | (.12 | ) | | | — | | | | (.52 | ) | | | 19.98 | | | | (5.18 | ) | | | 297 | | | | .94 | | | | .94 | | | | 1.48 | |
12/31/2020 | | | 20.32 | | | | .33 | | | | 1.64 | | | | 1.97 | | | | (.39 | ) | | | (.29 | ) | | | — | | | | (.68 | ) | | | 21.61 | | | | 9.84 | | | | 335 | | | | .96 | | | | .96 | | | | 1.59 | |
12/31/2019 | | | 19.30 | | | | .44 | | | | 1.03 | | | | 1.47 | | | | (.38 | ) | | | (.07 | ) | | | — | | | | (.45 | ) | | | 20.32 | | | | 7.64 | | | | 299 | | | | .99 | | | | .99 | | | | 2.17 | |
12/31/2018 | | | 20.02 | | | | .43 | | | | (.75 | ) | | | (.32 | ) | | | (.40 | ) | | | — | | | | — | | | | (.40 | ) | | | 19.30 | | | | (1.59 | ) | | | 292 | | | | 1.01 | | | | 1.01 | | | | 2.18 | |
Refer to the end of the table for footnotes.
Capital World Bond Fund | 57 |
Financial Highlights (continued)
| | | | | Income (loss) from investment operations1 | | | Dividends, distributions and return of capital | | | | | | | | | | | | | | | | | | | |
Year ended | | Net asset value, beginning of year | | | Net investment income | | | Net (losses) gains on securities (both realized and unrealized) | | | Total from investment operations | | | Dividends (from net investment income) | | | Distributions (from capital gains) | | | Return of capital | | | Total dividends, distributions and return of capital | | | Net assets value, end of year | | | Total return2,3 | | | Net assets, end of year (in millions) | | | Ratio of expenses to average net assets before waivers/ reimburse- ments4 | | | Ratio of expenses to average net assets after waivers/ reimburse- ments3,4 | | | Ratio of net income to average net assets3 | |
Class 529-C: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | $ | 15.98 | | | $ | .15 | | | $ | (.02 | )$ | | | .13 | | | $ | (.12 | ) | | $ | — | | | $ | — | | | $ | (.12 | ) | | $ | 15.99 | | | | .83 | %7 | | $ | 6 | | | | 1.78 | %8 | | | 1.78 | %8 | | | 1.86 | %8 |
12/31/2022 | | | 19.75 | | | | .17 | | | | (3.76 | ) | | | (3.59 | ) | | | (.08 | ) | | | — | | | | (.10 | ) | | | (.18 | ) | | | 15.98 | | | | (18.21 | ) | | | 7 | | | | 1.74 | | | | 1.74 | | | | 1.02 | |
12/31/2021 | | | 21.36 | | | | .15 | | | | (1.40 | ) | | | (1.25 | ) | | | (.24 | ) | | | (.12 | ) | | | — | | | | (.36 | ) | | | 19.75 | | | | (5.88 | ) | | | 12 | | | | 1.69 | | | | 1.69 | | | | .73 | |
12/31/2020 | | | 20.07 | | | | .17 | | | | 1.63 | | | | 1.80 | | | | (.22 | ) | | | (.29 | ) | | | — | | | | (.51 | ) | | | 21.36 | | | | 9.04 | | | | 18 | | | | 1.71 | | | | 1.71 | | | | .86 | |
12/31/2019 | | | 19.07 | | | | .28 | | | | 1.02 | | | | 1.30 | | | | (.23 | ) | | | (.07 | ) | | | — | | | | (.30 | ) | | | 20.07 | | | | 6.81 | | | | 55 | | | | 1.73 | | | | 1.73 | | | | 1.44 | |
12/31/2018 | | | 19.78 | | | | .28 | | | | (.74 | ) | | | (.46 | ) | | | (.25 | ) | | | — | | | | — | | | | (.25 | ) | | | 19.07 | | | | (2.32 | ) | | | 67 | | | | 1.76 | | | | 1.76 | | | | 1.43 | |
Class 529-E: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.05 | | | | .20 | | | | (.01 | ) | | | .19 | | | | (.18 | ) | | | — | | | | — | | | | (.18 | ) | | | 16.06 | | | | 1.16 | 7 | | | 8 | | | | 1.15 | 8 | | | 1.15 | 8 | | | 2.50 | 8 |
12/31/2022 | | | 19.84 | | | | .28 | | | | (3.78 | ) | | | (3.50 | ) | | | (.14 | ) | | | — | | | | (.15 | ) | | | (.29 | ) | | | 16.05 | | | | (17.68 | ) | | | 9 | | | | 1.12 | | | | 1.12 | | | | 1.65 | |
12/31/2021 | | | 21.47 | | | | .27 | | | | (1.42 | ) | | | (1.15 | ) | | | (.36 | ) | | | (.12 | ) | | | — | | | | (.48 | ) | | | 19.84 | | | | (5.36 | ) | | | 12 | | | | 1.10 | | | | 1.10 | | | | 1.32 | |
12/31/2020 | | | 20.18 | | | | .30 | | | | 1.65 | | | | 1.95 | | | | (.37 | ) | | | (.29 | ) | | | — | | | | (.66 | ) | | | 21.47 | | | | 9.76 | | | | 14 | | | | 1.10 | | | | 1.10 | | | | 1.45 | |
12/31/2019 | | | 19.18 | | | | .40 | | | | 1.02 | | | | 1.42 | | | | (.35 | ) | | | (.07 | ) | | | — | | | | (.42 | ) | | | 20.18 | | | | 7.42 | | | | 14 | | | | 1.14 | | | | 1.14 | | | | 2.02 | |
12/31/2018 | | | 19.90 | | | | .39 | | | | (.74 | ) | | | (.35 | ) | | | (.37 | ) | | | — | | | | — | | | | (.37 | ) | | | 19.18 | | | | (1.76 | ) | | | 15 | | | | 1.17 | | | | 1.17 | | | | 2.02 | |
Class 529-T: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.10 | | | | .23 | | | | (.02 | ) | | | .21 | | | | (.21 | ) | | | — | | | | — | | | | (.21 | ) | | | 16.10 | | | | 1.29 | 7,9 | | | — | 10 | | | .76 | 8,9 | | | .76 | 8,9 | | | 2.84 | 8,9 |
12/31/2022 | | | 19.90 | | | | .35 | | | | (3.79 | ) | | | (3.44 | ) | | | (.17 | ) | | | — | | | | (.19 | ) | | | (.36 | ) | | | 16.10 | | | | (17.34 | )9 | | | — | 10 | | | .74 | 9 | | | .74 | 9 | | | 2.02 | 9 |
12/31/2021 | | | 21.54 | | | | .34 | | | | (1.42 | ) | | | (1.08 | ) | | | (.44 | ) | | | (.12 | ) | | | — | | | | (.56 | ) | | | 19.90 | | | | (5.02 | )9 | | | — | 10 | | | .72 | 9 | | | .72 | 9 | | | 1.67 | 9 |
12/31/2020 | | | 20.26 | | | | .37 | | | | 1.64 | | | | 2.01 | | | | (.44 | ) | | | (.29 | ) | | | — | | | | (.73 | ) | | | 21.54 | | | | 10.07 | 9 | | | — | 10 | | | .73 | 9 | | | .73 | 9 | | | 1.80 | 9 |
12/31/2019 | | | 19.25 | | | | .48 | | | | 1.03 | | | | 1.51 | | | | (.43 | ) | | | (.07 | ) | | | — | | | | (.50 | ) | | | 20.26 | | | | 7.87 | 9 | | | — | 10 | | | .76 | 9 | | | .76 | 9 | | | 2.40 | 9 |
12/31/2018 | | | 19.97 | | | | .48 | | | | (.75 | ) | | | (.27 | ) | | | (.45 | ) | | | — | | | | — | | | | (.45 | ) | | | 19.25 | | | | (1.36 | )9 | | | — | 10 | | | .76 | 9 | | | .76 | 9 | | | 2.43 | 9 |
Class 529-F-1: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.03 | | | | .23 | | | | (.01 | ) | | | .22 | | | | (.21 | ) | | | — | | | | — | | | | (.21 | ) | | | 16.04 | | | | 1.28 | 7,9 | | | — | 10 | | | .81 | 8,9 | | | .79 | 8,9 | | | 2.81 | 8,9 |
12/31/2022 | | | 19.82 | | | | .34 | | | | (3.77 | ) | | | (3.43 | ) | | | (.17 | ) | | | — | | | | (.19 | ) | | | (.36 | ) | | | 16.03 | | | | (17.39 | )9 | | | — | 10 | | | .77 | 9 | | | .77 | 9 | | | 1.97 | 9 |
12/31/2021 | | | 21.46 | | | | .34 | | | | (1.42 | ) | | | (1.08 | ) | | | (.44 | ) | | | (.12 | ) | | | — | | | | (.56 | ) | | | 19.82 | | | | (5.06 | )9 | | | — | 10 | | | .75 | 9 | | | .75 | 9 | | | 1.64 | 9 |
12/31/2020 | | | 20.19 | | | | .38 | | | | 1.63 | | | | 2.01 | | | | (.45 | ) | | | (.29 | ) | | | — | | | | (.74 | ) | | | 21.46 | | | | 10.08 | 9 | | | — | 10 | | | .73 | 9 | | | .73 | 9 | | | 1.86 | 9 |
12/31/2019 | | | 19.18 | | | | .48 | | | | 1.03 | | | | 1.51 | | | | (.43 | ) | | | (.07 | ) | | | — | | | | (.50 | ) | | | 20.19 | | | | 7.90 | | | | 40 | | | | .75 | | | | .75 | | | | 2.41 | |
12/31/2018 | | | 19.90 | | | | .47 | | | | (.74 | ) | | | (.27 | ) | | | (.45 | ) | | | — | | | | — | | | | (.45 | ) | | | 19.18 | | | | (1.36 | ) | | | 38 | | | | .77 | | | | .77 | | | | 2.42 | |
Class 529-F-2: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.11 | | | | .25 | | | | (.02 | ) | | | .23 | | | | (.22 | ) | | | — | | | | — | | | | (.22 | ) | | | 16.12 | | | | 1.45 | 7 | | | 32 | | | | .56 | 8 | | | .56 | 8 | | | 3.08 | 8 |
12/31/2022 | | | 19.91 | | | | .37 | | | | (3.79 | ) | | | (3.42 | ) | | | (.18 | ) | | | — | | | | (.20 | ) | | | (.38 | ) | | | 16.11 | | | | (17.28 | ) | | | 33 | | | | .62 | | | | .62 | | | | 2.16 | |
12/31/2021 | | | 21.55 | | | | .37 | | | | (1.43 | ) | | | (1.06 | ) | | | (.46 | ) | | | (.12 | ) | | | — | | | | (.58 | ) | | | 19.91 | | | | (4.89 | ) | | | 43 | | | | .64 | | | | .64 | | | | 1.78 | |
12/31/20205,11 | | | 21.00 | | | | .06 | | | | .87 | | | | .93 | | | | (.11 | ) | | | (.27 | ) | | | — | | | | (.38 | ) | | | 21.55 | | | | 4.47 | 7 | | | 43 | | | | .11 | 7 | | | .11 | 7 | | | .28 | 7 |
Class 529-F-3: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.10 | | | | .25 | | | | (.02 | ) | | | .23 | | | | (.23 | ) | | | — | | | | — | | | | (.23 | ) | | | 16.10 | | | | 1.40 | 7 | | | — | 10 | | | .53 | 8 | | | .53 | 8 | | | 3.07 | 8 |
12/31/2022 | | | 19.90 | | | | .38 | | | | (3.78 | ) | | | (3.40 | ) | | | (.19 | ) | | | — | | | | (.21 | ) | | | (.40 | ) | | | 16.10 | | | | (17.17 | ) | | | — | 10 | | | .53 | | | | .53 | | | | 2.22 | |
12/31/2021 | | | 21.54 | | | | .38 | | | | (1.42 | ) | | | (1.04 | ) | | | (.48 | ) | | | (.12 | ) | | | — | | | | (.60 | ) | | | 19.90 | | | | (4.85 | ) | | | — | 10 | | | .57 | | | | .55 | | | | 1.84 | |
12/31/20205,11 | | | 21.00 | | | | .06 | | | | .87 | | | | .93 | | | | (.12 | ) | | | (.27 | ) | | | — | | | | (.39 | ) | | | 21.54 | | | | 4.46 | 7 | | | — | 10 | | | .13 | 7 | | | .09 | 7 | | | .30 | 7 |
Class R-1: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 15.94 | | | | .17 | | | | (.03 | ) | | | .14 | | | | (.14 | ) | | | — | | | | — | | | | (.14 | ) | | | 15.94 | | | | .90 | 7 | | | 6 | | | | 1.57 | 8 | | | 1.57 | 8 | | | 2.07 | 8 |
12/31/2022 | | | 19.70 | | | | .20 | | | | (3.74 | ) | | | (3.54 | ) | | | (.10 | ) | | | — | | | | (.12 | ) | | | (.22 | ) | | | 15.94 | | | | (18.02 | ) | | | 6 | | | | 1.58 | | | | 1.58 | | | | 1.21 | |
12/31/2021 | | | 21.32 | | | | .17 | | | | (1.41 | ) | | | (1.24 | ) | | | (.26 | ) | | | (.12 | ) | | | — | | | | (.38 | ) | | | 19.70 | | | | (5.81 | ) | | | 6 | | | | 1.58 | | | | 1.58 | | | | .84 | |
12/31/2020 | | | 20.05 | | | | .19 | | | | 1.63 | | | | 1.82 | | | | (.26 | ) | | | (.29 | ) | | | — | | | | (.55 | ) | | | 21.32 | | | | 9.14 | | | | 8 | | | | 1.65 | | | | 1.65 | | | | .91 | |
12/31/2019 | | | 19.05 | | | | .30 | | | | 1.02 | | | | 1.32 | | | | (.25 | ) | | | (.07 | ) | | | — | | | | (.32 | ) | | | 20.05 | | | | 6.92 | | | | 7 | | | | 1.65 | | | | 1.65 | | | | 1.50 | |
12/31/2018 | | | 19.77 | | | | .29 | | | | (.74 | ) | | | (.45 | ) | | | (.27 | ) | | | — | | | | — | | | | (.27 | ) | | | 19.05 | | | | (2.26 | ) | | | 8 | | | | 1.67 | | | | 1.67 | | | | 1.52 | |
Refer to the end of the table for footnotes.
58 | Capital World Bond Fund |
Financial Highlights (continued)
| | | | | Income (loss) from investment operations1 | | | Dividends, distributions and return of capital | | | | | | | | | | | | | | | | | | | |
Year ended | | Net asset value, beginning of year | | | Net investment income | | | Net (losses) gains on securities (both realized and unrealized) | | | Total from investment operations | | | Dividends (from net investment income) | | | Distributions (from capital gains) | | | Return of capital | | | Total dividends, distributions and return of capital | | | Net assets value, end of year | | | Total return2,3 | | | Net assets, end of year (in millions) | | | Ratio of expenses to average net assets before waivers/ reimburse- ments4 | | | Ratio of expenses to average net assets after waivers/ reimburse- ments3,4 | | | Ratio of net income to average net assets3 | |
Class R-2: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | $ | 15.92 | | | $ | .17 | | | $ | (.02 | )$ | | | .15 | | | $ | (.14 | ) | | $ | — | | | $ | — | | | $ | (.14 | ) | | $ | 15.93 | | | | .89 | %7 | | $ | 69 | | | | 1.58 | %8 | | | 1.58 | %8 | | | 2.06 | %8 |
12/31/2022 | | | 19.68 | | | | .20 | | | | (3.75 | ) | | | (3.55 | ) | | | (.10 | ) | | | — | | | | (.11 | ) | | | (.21 | ) | | | 15.92 | | | | (18.06 | ) | | | 70 | | | | 1.60 | | | | 1.60 | | | | 1.18 | |
12/31/2021 | | | 21.30 | | | | .17 | | | | (1.40 | ) | | | (1.23 | ) | | | (.27 | ) | | | (.12 | ) | | | — | | | | (.39 | ) | | | 19.68 | | | | (5.81 | ) | | | 94 | | | | 1.58 | | | | 1.58 | | | | .84 | |
12/31/2020 | | | 20.03 | | | | .20 | | | | 1.63 | | | | 1.83 | | | | (.27 | ) | | | (.29 | ) | | | — | | | | (.56 | ) | | | 21.30 | | | | 9.20 | | | | 107 | | | | 1.59 | | | | 1.59 | | | | .96 | |
12/31/2019 | | | 19.04 | | | | .30 | | | | 1.02 | | | | 1.32 | | | | (.26 | ) | | | (.07 | ) | | | — | | | | (.33 | ) | | | 20.03 | | | | 6.93 | | | | 109 | | | | 1.62 | | | | 1.62 | | | | 1.54 | |
12/31/2018 | | | 19.75 | | | | .30 | | | | (.73 | ) | | | (.43 | ) | | | (.28 | ) | | | — | | | | — | | | | (.28 | ) | | | 19.04 | | | | (2.18 | ) | | | 113 | | | | 1.64 | | | | 1.64 | | | | 1.55 | |
Class R-2E: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.07 | | | | .19 | | | | (.01 | ) | | | .18 | | | | (.17 | ) | | | — | | | | — | | | | (.17 | ) | | | 16.08 | | | | 1.09 | 7 | | | 5 | | | | 1.29 | 8 | | | 1.29 | 8 | | | 2.36 | 8 |
12/31/2022 | | | 19.86 | | | | .25 | | | | (3.78 | ) | | | (3.53 | ) | | | (.12 | ) | | | — | | | | (.14 | ) | | | (.26 | ) | | | 16.07 | | | | (17.81 | ) | | | 5 | | | | 1.30 | | | | 1.30 | | | | 1.48 | |
12/31/2021 | | | 21.49 | | | | .23 | | | | (1.41 | ) | | | (1.18 | ) | | | (.33 | ) | | | (.12 | ) | | | — | | | | (.45 | ) | | | 19.86 | | | | (5.52 | ) | | | 7 | | | | 1.29 | | | | 1.29 | | | | 1.13 | |
12/31/2020 | | | 20.21 | | | | .26 | | | | 1.63 | | | | 1.89 | | | | (.32 | ) | | | (.29 | ) | | | — | | | | (.61 | ) | | | 21.49 | | | | 9.47 | | | | 8 | | | | 1.32 | | | | 1.32 | | | | 1.24 | |
12/31/2019 | | | 19.20 | | | | .36 | | | | 1.04 | | | | 1.40 | | | | (.32 | ) | | | (.07 | ) | | | — | | | | (.39 | ) | | | 20.21 | | | | 7.30 | | | | 7 | | | | 1.33 | | | | 1.33 | | | | 1.82 | |
12/31/2018 | | | 19.93 | | | | .36 | | | | (.76 | ) | | | (.40 | ) | | | (.33 | ) | | | — | | | | — | | | | (.33 | ) | | | 19.20 | | | | (1.99 | ) | | | 5 | | | | 1.36 | | | | 1.36 | | | | 1.84 | |
Class R-3: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.09 | | | | .20 | | | | (.01 | ) | | | .19 | | | | (.18 | ) | | | — | | | | — | | | | (.18 | ) | | | 16.10 | | | | 1.16 | 7 | | | 90 | | | | 1.13 | 8 | | | 1.13 | 8 | | | 2.51 | 8 |
12/31/2022 | | | 19.88 | | | | .28 | | | | (3.79 | ) | | | (3.51 | ) | | | (.13 | ) | | | — | | | | (.15 | ) | | | (.28 | ) | | | 16.09 | | | | (17.66 | ) | | | 93 | | | | 1.14 | | | | 1.14 | | | | 1.64 | |
12/31/2021 | | | 21.51 | | | | .27 | | | | (1.42 | ) | | | (1.15 | ) | | | (.36 | ) | | | (.12 | ) | | | — | | | | (.48 | ) | | | 19.88 | | | | (5.38 | ) | | | 128 | | | | 1.13 | | | | 1.13 | | | | 1.29 | |
12/31/2020 | | | 20.23 | | | | .29 | | | | 1.64 | | | | 1.93 | | | | (.36 | ) | | | (.29 | ) | | | — | | | | (.65 | ) | | | 21.51 | | | | 9.64 | | | | 146 | | | | 1.15 | | | | 1.15 | | | | 1.41 | |
12/31/2019 | | | 19.22 | | | | .40 | | | | 1.03 | | | | 1.43 | | | | (.35 | ) | | | (.07 | ) | | | — | | | | (.42 | ) | | | 20.23 | | | | 7.44 | | | | 138 | | | | 1.17 | | | | 1.17 | | | | 1.99 | |
12/31/2018 | | | 19.94 | | | | .39 | | | | (.74 | ) | | | (.35 | ) | | | (.37 | ) | | | — | | | | — | | | | (.37 | ) | | | 19.22 | | | | (1.78 | ) | | | 132 | | | | 1.19 | | | | 1.19 | | | | 2.00 | |
Class R-4: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.10 | | | | .23 | | | | (.02 | ) | | | .21 | | | | (.20 | ) | | | — | | | | — | | | | (.20 | ) | | | 16.11 | | | | 1.31 | 7 | | | 65 | | | | .83 | 8 | | | .83 | 8 | | | 2.81 | 8 |
12/31/2022 | | | 19.90 | | | | .33 | | | | (3.79 | ) | | | (3.46 | ) | | | (.16 | ) | | | — | | | | (.18 | ) | | | (.34 | ) | | | 16.10 | | | | (17.43 | ) | | | 68 | | | | .84 | | | | .84 | | | | 1.94 | |
12/31/2021 | | | 21.53 | | | | .33 | | | | (1.42 | ) | | | (1.09 | ) | | | (.42 | ) | | | (.12 | ) | | | — | | | | (.54 | ) | | | 19.90 | | | | (5.08 | ) | | | 92 | | | | .83 | | | | .83 | | | | 1.59 | |
12/31/2020 | | | 20.25 | | | | .35 | | | | 1.64 | | | | 1.99 | | | | (.42 | ) | | | (.29 | ) | | | — | | | | (.71 | ) | | | 21.53 | | | | 9.97 | | | | 96 | | | | .84 | | | | .84 | | | | 1.71 | |
12/31/2019 | | | 19.23 | | | | .46 | | | | 1.04 | | | | 1.50 | | | | (.41 | ) | | | (.07 | ) | | | — | | | | (.48 | ) | | | 20.25 | | | | 7.81 | | | | 89 | | | | .86 | | | | .86 | | | | 2.30 | |
12/31/2018 | | | 19.95 | | | | .45 | | | | (.74 | ) | | | (.29 | ) | | | (.43 | ) | | | — | | | | — | | | | (.43 | ) | | | 19.23 | | | | (1.48 | ) | | | 91 | | | | .88 | | | | .88 | | | | 2.30 | |
Class R-5E: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.09 | | | | .24 | | | | (.02 | ) | | | .22 | | | | (.22 | ) | | | — | | | | — | | | | (.22 | ) | | | 16.09 | | | | 1.35 | 7 | | | 24 | | | | .63 | 8 | | | .63 | 8 | | | 3.02 | 8 |
12/31/2022 | | | 19.88 | | | | .37 | | | | (3.78 | ) | | | (3.41 | ) | | | (.18 | ) | | | — | | | | (.20 | ) | | | (.38 | ) | | | 16.09 | | | | (17.23 | ) | | | 23 | | | | .64 | | | | .64 | | | | 2.15 | |
12/31/2021 | | | 21.51 | | | | .37 | | | | (1.42 | ) | | | (1.05 | ) | | | (.46 | ) | | | (.12 | ) | | | — | | | | (.58 | ) | | | 19.88 | | | | (4.90 | ) | | | 25 | | | | .63 | | | | .63 | | | | 1.79 | |
12/31/2020 | | | 20.23 | | | | .39 | | | | 1.64 | | | | 2.03 | | | | (.46 | ) | | | (.29 | ) | | | — | | | | (.75 | ) | | | 21.51 | | | | 10.21 | | | | 25 | | | | .63 | | | | .63 | | | | 1.89 | |
12/31/2019 | | | 19.22 | | | | .50 | | | | 1.03 | | | | 1.53 | | | | (.45 | ) | | | (.07 | ) | | | — | | | | (.52 | ) | | | 20.23 | | | | 7.98 | | | | 8 | | | | .66 | | | | .66 | | | | 2.48 | |
12/31/2018 | | | 19.94 | | | | .50 | | | | (.75 | ) | | | (.25 | ) | | | (.47 | ) | | | — | | | | — | | | | (.47 | ) | | | 19.22 | | | | (1.24 | ) | | | 3 | | | | .67 | | | | .67 | | | | 2.58 | |
Class R-5: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.12 | | | | .25 | | | | (.01 | ) | | | .24 | | | | (.23 | ) | | | — | | | | — | | | | (.23 | ) | | | 16.13 | | | | 1.46 | 7 | | | 26 | | | | .54 | 8 | | | .54 | 8 | | | 3.09 | 8 |
12/31/2022 | | | 19.93 | | | | .38 | | | | (3.80 | ) | | | (3.42 | ) | | | (.18 | ) | | | — | | | | (.21 | ) | | | (.39 | ) | | | 16.12 | | | | (17.21 | ) | | | 31 | | | | .54 | | | | .54 | | | | 2.23 | |
12/31/2021 | | | 21.56 | | | | .39 | | | | (1.42 | ) | | | (1.03 | ) | | | (.48 | ) | | | (.12 | ) | | | — | | | | (.60 | ) | | | 19.93 | | | | (4.79 | ) | | | 55 | | | | .53 | | | | .53 | | | | 1.89 | |
12/31/2020 | | | 20.27 | | | | .42 | | | | 1.64 | | | | 2.06 | | | | (.48 | ) | | | (.29 | ) | | | — | | | | (.77 | ) | | | 21.56 | | | | 10.33 | | | | 56 | | | | .54 | | | | .54 | | | | 2.01 | |
12/31/2019 | | | 19.26 | | | | .52 | | | | 1.03 | | | | 1.55 | | | | (.47 | ) | | | (.07 | ) | | | — | | | | (.54 | ) | | | 20.27 | | | | 8.06 | | | | 52 | | | | .56 | | | | .56 | | | | 2.61 | |
12/31/2018 | | | 19.98 | | | | .51 | | | | (.74 | ) | | | (.23 | ) | | | (.49 | ) | | | — | | | | — | | | | (.49 | ) | | | 19.26 | | | | (1.17 | ) | | | 76 | | | | .58 | | | | .58 | | | | 2.61 | |
Class R-6: | | | �� | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
06/30/20235,6 | | | 16.11 | | | | .26 | | | | (.02 | ) | | | .24 | | | | (.23 | ) | | | — | | | | — | | | | (.23 | ) | | | 16.12 | | | | 1.49 | 7 | | | 2,859 | | | | .48 | 8 | | | .48 | 8 | | | 3.16 | 8 |
12/31/2022 | | | 19.92 | | | | .39 | | | | (3.80 | ) | | | (3.41 | ) | | | (.19 | ) | | | — | | | | (.21 | ) | | | (.40 | ) | | | 16.11 | | | | (17.17 | ) | | | 2,768 | | | | .48 | | | | .48 | | | | 2.26 | |
12/31/2021 | | | 21.55 | | | | .40 | | | | (1.42 | ) | | | (1.02 | ) | | | (.49 | ) | | | (.12 | ) | | | — | | | | (.61 | ) | | | 19.92 | | | | (4.74 | ) | | | 6,757 | | | | .48 | | | | .48 | | | | 1.95 | |
12/31/2020 | | | 20.26 | | | | .43 | | | | 1.64 | | | | 2.07 | | | | (.49 | ) | | | (.29 | ) | | | — | | | | (.78 | ) | | | 21.55 | | | | 10.40 | | | | 5,316 | | | | .48 | | | | .48 | | | | 2.07 | |
12/31/2019 | | | 19.25 | | | | .53 | | | | 1.03 | | | | 1.56 | | | | (.48 | ) | | | (.07 | ) | | | — | | | | (.55 | ) | | | 20.26 | | | | 8.14 | | | | 4,294 | | | | .50 | | | | .50 | | | | 2.65 | |
12/31/2018 | | | 19.97 | | | | .52 | | | | (.74 | ) | | | (.22 | ) | | | (.50 | ) | | | — | | | | — | | | | (.50 | ) | | | 19.25 | | | | (1.11 | ) | | | 3,124 | | | | .52 | | | | .52 | | | | 2.67 | |
Refer to the end of the table for footnotes.
Capital World Bond Fund | 59 |
Financial Highlights (continued)
| | Six months ended June 30, 20235,6,7 | | Year ended December 31, |
Portfolio turnover rate for all share classes12,13 | | | 2022 | | 2021 | | 2020 | | 2019 | | 2018 |
Excluding mortgage dollar roll transactions | | | 33 | % | | | 73 | % | | | 65 | % | | | 100 | % | | | 120 | % | | | 99 | % |
Including mortgage dollar roll transactions | | | 99 | % | | | 150 | % | | | 89 | % | | | 143 | % | | | 163 | % | | | 128 | % |
1 | Based on average shares outstanding. |
2 | Total returns exclude any applicable sales charges, including contingent deferred sales charges. |
3 | This column reflects the impact, if any, of certain waivers/reimbursements from AFS and/or CRMC. During one of the periods shown, AFS waived a portion of transfer agent services fees for certain share classes. In addition, during some of the years shown, CRMC reimbursed a portion of transfer agent services fees for Class 529-F-3 shares. |
4 | Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds. |
5 | Based on operations for a period that is less than a full year. |
6 | Unaudited. |
7 | Not annualized. |
8 | Annualized. |
9 | All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower. |
10 | Amount less than $1 million. |
11 | Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020. |
12 | Rates do not include the fund’s portfolio activity with respect to any Central Funds. |
13 | Refer to Note 5 for more information on mortgage dollar rolls. |
Refer to the notes to financial statements.
60 | Capital World Bond Fund |
As a fund shareholder, you incur two types of costs: (1) transaction costs, such as initial sales charges on purchase payments and contingent deferred sales charges on redemptions (loads), and (2) ongoing costs, including management fees, distribution and service (12b-1) fees, and other expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire six-month period (January 1, 2023, through June 30, 2023).
Actual expenses:
The first line of each share class in the table on the following page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading titled “Expenses paid during period” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes:
The second line of each share class in the table on the following page provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed rate of return of 5.00% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5.00% hypothetical example with the 5.00% hypothetical examples that appear in the shareholder reports of the other funds.
Notes:
Retirement plan participants may be subject to certain fees charged by the plan sponsor, and Class F-1, F-2, F-3, 529-F-1, 529-F-2 and 529-F-3 shareholders may be subject to fees charged by financial intermediaries, typically ranging from 0.75% to 1.50% of assets annually depending on services offered. You can estimate the impact of these fees by adding the amount of the fees to the total estimated expenses you paid on your account during the period as calculated above. In addition, your ending account value would be lower by the amount of these fees.
Note that the expenses shown in the table on the following page are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of each share class in the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Capital World Bond Fund | 61 |
Expense example (continued)
| | Beginning account value 1/1/2023 | | | Ending account value 6/30/2023 | | | Expenses paid during period* | | | Annualized expense ratio | |
Class A – actual return | | $ | 1,000.00 | | | $ | 1,011.72 | | | $ | 4.89 | | | | .98 | % |
Class A – assumed 5% return | | | 1,000.00 | | | | 1,019.93 | | | | 4.91 | | | | .98 | |
Class C – actual return | | | 1,000.00 | | | | 1,008.75 | | | | 8.47 | | | | 1.70 | |
Class C – assumed 5% return | | | 1,000.00 | | | | 1,016.36 | | | | 8.50 | | | | 1.70 | |
Class T – actual return | | | 1,000.00 | | | | 1,014.48 | | | | 2.90 | | | | .58 | |
Class T – assumed 5% return | | | 1,000.00 | | | | 1,021.92 | | | | 2.91 | | | | .58 | |
Class F-1 – actual return | | | 1,000.00 | | | | 1,011.69 | | | | 4.94 | | | | .99 | |
Class F-1 – assumed 5% return | | | 1,000.00 | | | | 1,019.89 | | | | 4.96 | | | | .99 | |
Class F-2 – actual return | | | 1,000.00 | | | | 1,013.69 | | | | 3.00 | | | | .60 | |
Class F-2 – assumed 5% return | | | 1,000.00 | | | | 1,021.82 | | | | 3.01 | | | | .60 | |
Class F-3 – actual return | | | 1,000.00 | | | | 1,014.88 | | | | 2.40 | | | | .48 | |
Class F-3 – assumed 5% return | | | 1,000.00 | | | | 1,022.41 | | | | 2.41 | | | | .48 | |
Class 529-A – actual return | | | 1,000.00 | | | | 1,012.14 | | | | 5.04 | | | | 1.01 | |
Class 529-A – assumed 5% return | | | 1,000.00 | | | | 1,019.79 | | | | 5.06 | | | | 1.01 | |
Class 529-C – actual return | | | 1,000.00 | | | | 1,008.31 | | | | 8.86 | | | | 1.78 | |
Class 529-C – assumed 5% return | | | 1,000.00 | | | | 1,015.97 | | | | 8.90 | | | | 1.78 | |
Class 529-E – actual return | | | 1,000.00 | | | | 1,011.57 | | | | 5.74 | | | | 1.15 | |
Class 529-E – assumed 5% return | | | 1,000.00 | | | | 1,019.09 | | | | 5.76 | | | | 1.15 | |
Class 529-T – actual return | | | 1,000.00 | | | | 1,012.87 | | | | 3.79 | | | | .76 | |
Class 529-T – assumed 5% return | | | 1,000.00 | | | | 1,021.03 | | | | 3.81 | | | | .76 | |
Class 529-F-1 – actual return | | | 1,000.00 | | | | 1,012.78 | | | | 3.94 | | | | .79 | |
Class 529-F-1 – assumed 5% return | | | 1,000.00 | | | | 1,020.88 | | | | 3.96 | | | | .79 | |
Class 529-F-2 – actual return | | | 1,000.00 | | | | 1,014.51 | | | | 2.80 | | | | .56 | |
Class 529-F-2 – assumed 5% return | | | 1,000.00 | | | | 1,022.02 | | | | 2.81 | | | | .56 | |
Class 529-F-3 – actual return | | | 1,000.00 | | | | 1,014.03 | | | | 2.65 | | | | .53 | |
Class 529-F-3 – assumed 5% return | | | 1,000.00 | | | | 1,022.17 | | | | 2.66 | | | | .53 | |
Class R-1 – actual return | | | 1,000.00 | | | | 1,008.95 | | | | 7.82 | | | | 1.57 | |
Class R-1 – assumed 5% return | | | 1,000.00 | | | | 1,017.01 | | | | 7.85 | | | | 1.57 | |
Class R-2 – actual return | | | 1,000.00 | | | | 1,008.91 | | | | 7.87 | | | | 1.58 | |
Class R-2 – assumed 5% return | | | 1,000.00 | | | | 1,016.96 | | | | 7.90 | | | | 1.58 | |
Class R-2E – actual return | | | 1,000.00 | | | | 1,010.90 | | | | 6.43 | | | | 1.29 | |
Class R-2E – assumed 5% return | | | 1,000.00 | | | | 1,018.40 | | | | 6.46 | | | | 1.29 | |
Class R-3 – actual return | | | 1,000.00 | | | | 1,011.60 | | | | 5.64 | | | | 1.13 | |
Class R-3 – assumed 5% return | | | 1,000.00 | | | | 1,019.19 | | | | 5.66 | | | | 1.13 | |
Class R-4 – actual return | | | 1,000.00 | | | | 1,013.11 | | | | 4.14 | | | | .83 | |
Class R-4 – assumed 5% return | | | 1,000.00 | | | | 1,020.68 | | | | 4.16 | | | | .83 | |
Class R-5E – actual return | | | 1,000.00 | | | | 1,013.53 | | | | 3.15 | | | | .63 | |
Class R-5E – assumed 5% return | | | 1,000.00 | | | | 1,021.67 | | | | 3.16 | | | | .63 | |
Class R-5 – actual return | | | 1,000.00 | | | | 1,014.56 | | | | 2.70 | | | | .54 | |
Class R-5 – assumed 5% return | | | 1,000.00 | | | | 1,022.12 | | | | 2.71 | | | | .54 | |
Class R-6 – actual return | | | 1,000.00 | | | | 1,014.87 | | | | 2.40 | | | | .48 | |
Class R-6 – assumed 5% return | | | 1,000.00 | | | | 1,022.41 | | | | 2.41 | | | | .48 | |
* | The “expenses paid during period” are equal to the “annualized expense ratio,” multiplied by the average account value over the period, multiplied by the number of days in the period, and divided by 365 (to reflect the one-half year period). |
62 | Capital World Bond Fund |
Approval of Investment Advisory and Service Agreement
The fund’s board has approved the continuation of the fund’s Investment Advisory and Service Agreement (the “agreement”) with Capital Research and Management Company (“CRMC”) for an additional one-year term through April 30, 2024. The board approved the agreement following the recommendation of the fund’s Contracts Committee (the “committee”), which is composed of all the fund’s independent board members. The board and the committee determined in the exercise of their business judgment that the fund’s advisory fee structure was fair and reasonable in relation to the services provided, and that approving the agreement was in the best interests of the fund and its shareholders.
In reaching this decision, the board and the committee took into account their interactions with CRMC as well as information furnished to them throughout the year and otherwise provided to them, as well as information prepared specifically in connection with their review of the agreement, and were advised by their independent counsel with respect to the matters considered. They considered the following factors, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor, and each board and committee member did not necessarily attribute the same weight to each factor.
1. Nature, extent and quality of services
The board and the committee considered the depth and quality of CRMC’s investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of CRMC and the Capital Group organization; the resources and systems CRMC devotes to investment management (the manner in which the fund’s assets are managed, including liquidity management), financial, investment operations, compliance, trading, proxy voting, shareholder communications, and other services; and the ongoing evolution of CRMC’s organizational structure designed to maintain and strengthen these qualities. The board and the committee also considered the nature, extent and quality of administrative and shareholder services provided by CRMC to the fund under the agreement and other agreements, as well as the benefits to fund shareholders from investing in a fund that is part of a large family of funds. The board and the committee considered the risks assumed by CRMC in providing services to the fund, including operational, business, financial, reputational, regulatory and litigation risks. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.
2. Investment results
The board and the committee considered the investment results of the fund in light of its objective. They compared the fund’s investment results with those of other funds (including funds that currently form the basis of the Lipper index for the category in which the fund is included) and data such as relevant market and fund indexes over various periods (including the fund’s lifetime) through September 30, 2022. They generally placed greater emphasis on investment results over longer term periods. On the basis of this evaluation and the board’s and the committee’s ongoing review of investment results, and considering the relative market conditions during certain reporting periods, the board and the committee concluded that the fund’s investment results have been satisfactory for renewal of the agreement, and that CRMC’s record in managing the fund indicated that its continued management should benefit the fund and its shareholders.
3. Advisory fees and total expenses
The board and the committee compared the advisory fees and total expense levels of the fund to those of other relevant funds. They observed that the fund’s advisory fees and expenses generally compared favorably to those of other similar funds included in the comparable Lipper category. The board and the committee also considered the breakpoint discounts in the fund’s advisory fee structure that reduce the level of fees charged by CRMC to the fund as fund assets increase. In addition, they reviewed information regarding the effective advisory fees charged to non-mutual fund clients by CRMC and its affiliates. They noted that, to the extent there were differences between the advisory fees paid by the fund and the advisory fees paid by those clients, the differences appropriately reflected the investment, operational, regulatory and market differences between advising the fund and the other clients. The board and the committee concluded that the fund’s cost structure was fair and reasonable in relation to the services provided, as well as in relation to the risks assumed by the adviser in sponsoring and managing the fund, and that the fund’s shareholders receive reasonable value in return for the advisory fees and other amounts paid to CRMC by the fund.
Capital World Bond Fund | 63 |
4. Ancillary benefits
The board and the committee considered a variety of other benefits that CRMC and its affiliates receive as a result of CRMC’s relationship with the fund and other American Funds, including fees for administrative services provided to certain share classes; fees paid to CRMC’s affiliated transfer agent; sales charges and distribution fees received and retained by the fund’s principal underwriter, an affiliate of CRMC; and possible ancillary benefits to CRMC and its institutional management affiliates in managing other investment vehicles. The board and the committee reviewed CRMC’s portfolio trading practices, noting that CRMC bears the cost of third-party research. The board and committee also noted that CRMC benefitted from the use of commissions from portfolio transactions made on behalf of the fund to facilitate payment to certain broker-dealers for research to comply with regulatory requirements applicable to these firms, with all such amounts reimbursed by CRMC. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of the advisory fees and other amounts paid to CRMC by the fund.
5. Adviser financial information
The board and the committee reviewed information regarding CRMC’s costs of providing services to the American Funds, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC’s costs and related cost allocation methodology as well as its track record of investing in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments, and attract and retain qualified personnel. They noted information regarding the compensation structure for CRMC’s investment professionals. They reviewed information on the profitability of the investment adviser and its affiliates. The board and the committee also compared CRMC’s profitability and compensation data to the reported results and data of a number of large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC’s long-term profitability for maintaining its independence, company culture and management continuity. They further considered the breakpoint discounts in the fund’s advisory fee structure and CRMC’s sharing of potential economies of scale, or efficiencies, through breakpoints and other fee reductions and costs voluntarily absorbed. The board and the committee concluded that the fund’s advisory fee structure reflected a reasonable sharing of benefits between CRMC and the fund’s shareholders.
64 | Capital World Bond Fund |
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66 | Capital World Bond Fund |
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Capital World Bond Fund | 67 |
Office of the fund
333 South Hope Street
Los Angeles, CA 90071-1406
Investment adviser
Capital Research and Management Company
333 South Hope Street
Los Angeles, CA 90071-1406
Transfer agent for shareholder accounts
American Funds Service Company
(Write to the address nearest you.)
P.O. Box 6007
Indianapolis, IN 46206-6007
P.O. Box 2280
Norfolk, VA 23501-2280
Custodian of assets
JPMorgan Chase Bank
270 Park Avenue
New York, NY 10017-2070
Counsel
Morgan, Lewis & Bockius LLP
One Federal Street
Boston, MA 02110-1726
Independent registered public accounting firm
Deloitte & Touche LLP
695 Town Center Drive
Suite 1000
Costa Mesa, CA 92626-7188
Principal underwriter
American Funds Distributors, Inc.
333 South Hope Street
Los Angeles, CA 90071-1406
68 | Capital World Bond Fund |
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
“American Funds Proxy Voting Procedures and Principles” — which describes how we vote proxies relating to portfolio securities — is available on our website or upon request by calling AFS. The fund files its proxy voting record with the U.S. Securities and Exchange Commission (SEC) for the 12 months ended June 30 by August 31. The proxy voting record is available free of charge on the SEC website at sec.gov and on our website.
Capital World Bond Fund files a complete list of its portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form NPORT-P. The list of portfolio holdings is available free of charge on the SEC website and on our website.
This report is for the information of shareholders of Capital World Bond Fund, but it also may be used as sales literature when preceded or accompanied by the current prospectus or summary prospectus, which gives details about charges, expenses, investment objectives and operating policies of the fund. If used as sales material after September 30, 2023, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.
Bloomberg Global Aggregate Index represents the global investment-grade fixed income markets. This index is unmanaged, and its results include reinvested distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.
FTSE World Government Bond Index is a comprehensive measure of the total return results of the government bond markets of more than 20 countries meeting certain market capitalization requirements. This index is unmanaged, and its results include reinvested distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.
Lipper Global Income Funds Average is composed of funds that invest primarily in U.S. dollar and non-U.S. dollar debt securities of issuers located in at least three countries, one of which may be the United States. The results of the underlying funds in the average include reinvestment of dividends and capital gain distributions, as well as brokerage commissions paid by the funds for portfolio transactions and other fund expenses, but do not reflect the effect of sales charges, account fees or U.S. federal income taxes.
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American Funds Distributors, Inc.
The Capital Advantage®
Since 1931, Capital Group, home of American Funds, has helped investors pursue long-term investment success. Our consistent approach — in combination with The Capital SystemTM — has resulted in superior outcomes.
Aligned with investor success
We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 28 years of investment industry experience, including 22 years at our company, reflecting a career commitment to our long-term approach.1
The Capital System
The Capital System combines individual accountability with teamwork. Funds using The Capital System are divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system.
American Funds’ superior outcomes
Equity-focused funds have beaten their Lipper peer indexes in 90% of 10-year periods and 99% of 20-year periods.2 Relative to their peers, our fixed income funds have helped investors achieve better diversification through attention to correlation between bonds and equities.3 Fund management fees have been among the lowest in the industry.4
| 1 | Investment industry experience as of December 31, 2022. |
| 2 | Based on Class F-2 share results for rolling monthly 10-year and 20-year periods starting with the first 10-year or 20-year period after each mutual fund’s inception through December 31, 2022. Periods covered are the shorter of the fund’s lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used). Expenses differ for each share class, so results will vary. Past results are not predictive of results in future periods. |
| 3 | Based on Class F-2 share results as of December 31, 2022. Sixteen of the 18 fixed income American Funds that have been in existence for the three-year period showed a three-year correlation lower than their respective Morningstar peer group averages. S&P 500 Index was used as an equity market proxy. Correlation based on monthly total returns. Correlation is a statistical measure of how two securities move in relation to each other. A correlation ranges from –1 to 1. |
| | A positive correlation close to 1 implies that as one security moves, either up or down, the other security will move in “lockstep,” in the same direction. A negative correlation close to –1 indicates that the securities have moved in the opposite direction. |
| 4 | On average, our mutual fund management fees were in the lowest quintile 62% of the time, based on the 20-year period ended December 31, 2022, versus comparable Lipper categories, excluding funds of funds. |
Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Results for certain funds with an inception date after August 1, 2008, also include hypothetical returns because those funds’ Class F-2 shares sold after the funds’ date of first offering. Refer to capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.
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.
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ITEM 2 – Code of Ethics
Not applicable for filing of semi-annual reports to shareholders.
ITEM 3 – Audit Committee Financial Expert
Not applicable for filing of semi-annual reports to shareholders.
ITEM 4 – Principal Accountant Fees and Services
Not applicable for filing of semi-annual reports to shareholders.
ITEM 5 – Audit Committee of Listed Registrants
Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.
ITEM 6 – Schedule of Investments
Not applicable, insofar as the schedule is included as part of the report to shareholders filed under Item 1 of this Form.
ITEM 7 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 8 – Portfolio Managers of Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 9 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 10 – Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ‘‘interested persons’’ of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board’s composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. While the committee normally is able to identify from its own resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant’s Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.
ITEM 11 – Controls and Procedures
(a) | The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule. |
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(b) | There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
ITEM 12 – Exhibits
(a)(1) | Not applicable for filing of semi-annual reports to shareholders. |
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(a)(2) | The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CAPITAL WORLD BOND FUND |
| |
| By __/s/ Kristine M. Nishiyama____________________ |
| Kristine M. Nishiyama, Principal Executive Officer |
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| Date: August 31, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By __/s/ Kristine M. Nishiyama_______ |
Kristine M. Nishiyama, Principal Executive Officer |
|
Date: August 31, 2023 |
By ___/s/ Becky L. Park __________ |
Becky L. Park, Treasurer and Principal Financial Officer |
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Date: August 31, 2023 |