SMALLCAP World Fund®
Investment portfolio
December 31, 2020
unaudited
Common stocks 95.24% Information technology 24.87% | Shares | Value (000) |
RingCentral, Inc., Class A1 | 3,982,868 | $1,509,387 |
MongoDB, Inc., Class A1 | 2,762,336 | 991,789 |
Cree, Inc.1 | 5,472,938 | 579,584 |
Smartsheet Inc., Class A1,2 | 7,020,105 | 486,423 |
Sinch AB1,3 | 2,544,831 | 414,332 |
Paycom Software, Inc.1 | 737,569 | 333,566 |
SimCorp AS2,3 | 2,241,250 | 332,900 |
Netcompany Group AS, non-registered shares1,2,3 | 2,997,672 | 306,135 |
Ceridian HCM Holding Inc.1 | 2,851,343 | 303,839 |
Alteryx, Inc., Class A1 | 2,359,300 | 287,339 |
Fortnox AB2,3 | 4,782,746 | 267,425 |
Globant SA1 | 1,211,531 | 263,641 |
Lightspeed POS Inc., subordinate voting shares1 | 2,777,219 | 195,489 |
Lightspeed POS Inc., subordinate voting shares (CAD denominated)1 | 580,600 | 40,978 |
Net One Systems Co., Ltd.2,3 | 6,493,758 | 229,678 |
TeamViewer AG1,3 | 4,257,886 | 228,032 |
DocuSign, Inc.1 | 990,929 | 220,284 |
Inphi Corp.1 | 1,350,232 | 216,672 |
Kingdee International Software Group Co. Ltd.3 | 48,106,093 | 197,421 |
Bottomline Technologies, Inc.1,2 | 3,574,300 | 188,509 |
EPAM Systems, Inc.1 | 524,583 | 187,984 |
Network International Holdings PLC1,2,3 | 41,206,169 | 183,997 |
Silergy Corp.3 | 2,101,456 | 180,157 |
C3.ai, Inc., Class A1,4 | 1,270,800 | 176,323 |
Carel Industries SpA2,3 | 7,193,085 | 168,688 |
Alarm.Com Holdings, Inc.1 | 1,527,000 | 157,968 |
BE Semiconductor Industries NV3 | 2,608,720 | 157,154 |
Okta, Inc., Class A1 | 581,800 | 147,928 |
Euronet Worldwide, Inc.1 | 1,011,716 | 146,618 |
MKS Instruments, Inc. | 964,988 | 145,182 |
SHIFT Inc.1,2,3 | 1,043,700 | 144,169 |
GB Group PLC2,3,4 | 10,647,000 | 136,596 |
Avast PLC3 | 18,279,856 | 134,465 |
Douzone Bizon Co., Ltd.3 | 1,393,858 | 133,392 |
Endava PLC, Class A (ADR)1 | 1,651,613 | 126,761 |
Unimicron Technology Corp.3 | 40,476,000 | 126,738 |
Qorvo, Inc.1 | 741,404 | 123,273 |
Appfolio, Inc., Class A1 | 673,932 | 121,335 |
Megaport Ltd.1,2,3 | 11,040,000 | 121,163 |
Justsystems Corp.3 | 1,617,921 | 111,973 |
SUMCO Corp.3 | 4,921,100 | 108,046 |
AI inside Inc.1,3,4 | 150,756 | 106,602 |
SVMK Inc.1 | 4,152,038 | 106,085 |
Keywords Studios PLC1,3 | 2,560,794 | 100,488 |
Avalara, Inc.1 | 583,814 | 96,265 |
CMC Materials, Inc. | 625,448 | 94,630 |
eMemory Technology Inc.2,3 | 4,314,334 | 91,766 |
SMALLCAP World Fund — Page 1 of 26
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) |
Bechtle AG, non-registered shares3 | 420,321 | $91,664 |
Elastic NV, non-registered shares1 | 618,500 | 90,381 |
Kinaxis Inc.1 | 636,418 | 90,165 |
Bentley Systems, Inc., Class B | 2,186,700 | 88,583 |
Chindata Group Holdings Ltd., Class A (ADR)1 | 3,693,029 | 88,485 |
Viavi Solutions Inc.1 | 5,732,000 | 85,837 |
CDW Corp. | 650,000 | 85,664 |
Oneconnect Financial Technology Co., Ltd. (ADR)1 | 4,314,324 | 85,035 |
Halma PLC3 | 2,521,862 | 84,499 |
Nuvei Corp., subordinate voting shares1 | 1,400,000 | 84,322 |
Nuance Communications, Inc.1 | 1,903,000 | 83,903 |
Hamamatsu Photonics KK3 | 1,439,850 | 82,437 |
Vitec Software Group AB, Class B3 | 1,969,860 | 81,632 |
Square, Inc., Class A1 | 375,000 | 81,615 |
Dye & Durham Ltd. | 1,691,880 | 67,149 |
Dye & Durham Ltd.1,3,5 | 363,557 | 14,285 |
Jamf Holding Corp.1 | 2,719,015 | 81,353 |
JFrog Ltd.1,4 | 1,290,900 | 81,107 |
Nordic Semiconductor ASA1,3 | 5,059,169 | 80,977 |
Paya Holdings Inc., Class A1,2,3,4,5 | 5,000,000 | 63,826 |
Paya Holdings Inc., Class A1,2 | 1,200,000 | 16,296 |
Vanguard International Semiconductor Corp.3 | 19,173,948 | 79,464 |
BlackLine, Inc.1 | 595,000 | 79,361 |
Money Forward, Inc.1,3 | 1,609,504 | 76,396 |
MACOM Technology Solutions Holdings, Inc.1 | 1,387,000 | 76,340 |
Unifiedpost Group SA1,2,3 | 2,432,158 | 74,441 |
Pegasystems Inc. | 542,025 | 72,230 |
LEM Holding SA3 | 36,500 | 71,244 |
PAR Technology Corp.1,2,4 | 1,118,178 | 70,210 |
Yeahka Ltd.1,3,4 | 14,462,200 | 70,190 |
Anaplan, Inc.1 | 969,167 | 69,635 |
Computer Age Management Services Ltd.2,3 | 2,799,970 | 69,271 |
Repay Holdings Corp., Class A1 | 2,470,000 | 67,308 |
Softcat PLC3 | 3,543,785 | 66,446 |
Tanla Platforms Ltd.2,3 | 7,260,670 | 65,626 |
Computer Services, Inc. | 1,084,411 | 64,414 |
Cognex Corp. | 800,000 | 64,228 |
Rapid7, Inc.1 | 712,000 | 64,194 |
SoftwareONE Holding AG3 | 2,087,800 | 61,748 |
CANCOM SE, non-registered shares3,4 | 1,116,482 | 61,504 |
Plaid, Inc.1,3 | 1,708,400 | 61,466 |
Agora, Inc. (ADR)1,4 | 1,480,000 | 58,549 |
Global Unichip Corp.3 | 4,813,000 | 57,829 |
LPKF Laser & Electronics AG, non-registered shares2,3 | 1,601,515 | 57,636 |
Aspen Technology, Inc.1 | 417,000 | 54,314 |
ON Semiconductor Corp.1 | 1,645,700 | 53,864 |
Skillz Inc., Class A1,3,5,6 | 1,599,282 | 26,848 |
Skillz Inc., Class A1,3,5 | 1,500,000 | 26,700 |
Flex Ltd.1 | 2,917,808 | 52,462 |
Nemetschek SE3 | 709,687 | 52,379 |
QAD Inc., Class A | 728,879 | 46,051 |
Novanta Inc.1 | 380,300 | 44,959 |
Coforge Ltd.3 | 1,193,787 | 44,373 |
Disco Corp. (Japan)3 | 131,500 | 44,354 |
AIXTRON SE1,3 | 2,434,518 | 42,436 |
SMALLCAP World Fund — Page 2 of 26
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) |
Silicon Laboratories Inc.1 | 324,000 | $41,258 |
EVERTEC, Inc. | 1,037,390 | 40,790 |
Asana, Inc., Class A1 | 1,377,293 | 40,699 |
LiveRamp Holdings, Inc.1 | 545,100 | 39,896 |
Concentrix Corp.1 | 399,314 | 39,412 |
BigCommerce Holdings, Inc., Series 11,4 | 610,000 | 39,132 |
Zendesk, Inc.1 | 273,000 | 39,072 |
TravelSky Technology Ltd., Class H3 | 15,826,000 | 38,182 |
Pexip Holding ASA1,3 | 4,932,034 | 37,885 |
Teradata Corp.1 | 1,668,302 | 37,487 |
Appen Ltd.3 | 1,916,906 | 36,693 |
Trimble Inc.1 | 530,000 | 35,388 |
oRo Co., Ltd.3,4 | 804,200 | 34,233 |
CDK Global, Inc. | 654,477 | 33,922 |
Fineos Corp Holdings PLC1,3 | 11,554,513 | 32,966 |
NHN KCP Corp.3 | 506,967 | 32,035 |
SailPoint Technologies Holdings, Inc.1 | 585,700 | 31,183 |
Paylocity Holding Corp.1 | 150,000 | 30,887 |
Fabrinet, non-registered shares1 | 379,209 | 29,423 |
Marqeta, Inc.1,3,6,7 | 1,653,393 | 29,249 |
Vontier Corp.1 | 850,000 | 28,390 |
Allegro Microsystems, Inc.1,4 | 1,053,500 | 28,086 |
Acacia Communications, Inc.1 | 380,000 | 27,725 |
Yappli, Inc.1,3 | 488,000 | 27,412 |
ALTEN SA, non-registered shares1,3 | 238,200 | 26,982 |
Maruwa Co., Ltd.3 | 236,500 | 26,521 |
RealPage, Inc.1 | 299,157 | 26,098 |
Conductor Technology Ltd.1,2,3,6,7 | 4,318,937 | 26,000 |
Smaregi, Inc.1,3,4 | 478,300 | 25,728 |
Venustech Group Inc., Class A3 | 5,493,430 | 24,598 |
908 Devices Inc.1 | 425,000 | 24,204 |
Renishaw PLC1,3 | 305,400 | 24,054 |
Semtech Corp.1 | 330,900 | 23,855 |
Dexerials Corp.3 | 1,756,100 | 22,985 |
FDM Group (Holdings) PLC3 | 1,415,000 | 21,788 |
Nagarro SE1,3,4 | 192,846 | 21,439 |
INFICON Holding AG3 | 23,396 | 21,342 |
Coupa Software Inc.1 | 61,500 | 20,843 |
GMO Payment Gateway, Inc.3 | 153,000 | 20,439 |
Cloudflare, Inc., Class A1 | 264,395 | 20,091 |
Crayon Group Holding ASA1,3 | 1,354,713 | 19,871 |
Tokai Carbon Korea Co., Ltd.3 | 170,664 | 19,736 |
Globalwafers Co., Ltd.3 | 777,000 | 19,663 |
Reply SpA3 | 165,939 | 19,369 |
Yext, Inc.1 | 1,187,449 | 18,667 |
Ming Yuan Cloud Group Holdings Ltd.1,3 | 2,743,000 | 16,973 |
Kulicke and Soffa Industries, Inc. | 532,263 | 16,931 |
Yangtze Optical Fibre and Cable Joint Stock Ltd. Co., Class H3 | 12,613,000 | 16,886 |
TTM Technologies, Inc.1 | 1,167,000 | 16,099 |
ASM Pacific Technology Ltd.3 | 1,131,279 | 14,933 |
Fair Isaac Corp.1 | 29,100 | 14,871 |
AAC Technologies Holdings Inc.3 | 2,629,000 | 14,794 |
Tyro Payments Ltd.1,3 | 5,959,155 | 14,666 |
Zebra Technologies Corp., Class A1 | 36,300 | 13,951 |
Hennge K.K.1,3 | 159,000 | 12,750 |
SMALLCAP World Fund — Page 3 of 26
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) |
Pushpay Holdings Ltd.1,3 | 9,645,916 | $12,550 |
nCino, Inc.1,4 | 167,500 | 12,129 |
eCloudvalley Digital Technology Co., Ltd.3 | 1,896,100 | 11,471 |
Thunderful Group AB1,3 | 850,000 | 8,379 |
SYNNEX Corp. | 75,500 | 6,149 |
Foursquare Labs, Inc., Series A1,3,5,6,7 | 1,970,385 | 5,773 |
Sabre Corp. | 371,400 | 4,464 |
Cloudera, Inc.1 | 296,400 | 4,123 |
Zuken Inc.3 | 139,300 | 3,886 |
Patreon, Inc., Class B1,3,6,7 | 189,951 | 3,249 |
16,417,559 | ||
Health care 19.82% | ||
Insulet Corp.1 | 3,213,201 | 821,391 |
NovoCure Ltd.1 | 3,783,697 | 654,731 |
Allakos Inc.1,2 | 3,990,538 | 558,675 |
Molina Healthcare, Inc.1 | 2,529,100 | 537,889 |
Haemonetics Corp.1,2 | 3,956,417 | 469,825 |
Notre Dame Intermédica Participações SA | 24,071,929 | 363,058 |
Pacific Biosciences of California, Inc.1,2 | 12,763,094 | 331,075 |
Ultragenyx Pharmaceutical Inc.1 | 2,222,970 | 307,726 |
CanSino Biologics Inc., Class H1,3,4 | 10,536,204 | 241,145 |
Biohaven Pharmaceutical Holding Co. Ltd.1 | 2,681,782 | 229,856 |
GVS SpA1,2,3 | 12,010,629 | 223,732 |
Amplifon SpA1,3 | 5,286,500 | 219,068 |
Centene Corp.1 | 3,601,558 | 216,202 |
GW Pharmaceuticals PLC (ADR)1,2,4 | 1,799,395 | 207,668 |
DexCom, Inc.1 | 552,500 | 204,270 |
Zai Lab Ltd. (ADR)1 | 1,449,910 | 196,231 |
iRhythm Technologies, Inc.1 | 750,580 | 178,045 |
Mani, Inc.2,3 | 5,922,882 | 161,306 |
Agilon Health TopCo, Inc.1,3,6,7 | 131,143 | 158,276 |
Pharmaron Beijing Co., Ltd., Class H3 | 9,308,000 | 157,755 |
Silk Road Medical, Inc.1,2 | 2,483,600 | 156,417 |
Integra LifeSciences Holdings Corp.1 | 2,250,230 | 146,085 |
Health Catalyst, Inc.1,2,4 | 3,295,737 | 143,463 |
Fagron NV2,3 | 5,478,326 | 127,235 |
PRA Health Sciences, Inc.1 | 997,350 | 125,108 |
Vitrolife AB1,3 | 4,521,795 | 118,667 |
Exact Sciences Corp.1 | 890,000 | 117,916 |
Fisher & Paykel Healthcare Corp. Ltd.3 | 4,716,500 | 112,004 |
Nevro Corp.1 | 619,600 | 107,253 |
WuXi Biologics (Cayman) Inc.1,3 | 8,016,000 | 106,774 |
Metropolis Healthcare Ltd.2,3 | 3,872,946 | 104,131 |
Legend Biotech Corp., Class A1,3 | 3,968,666 | 55,879 |
Legend Biotech Corp., (ADR)1 | 1,705,067 | 48,015 |
Bluebird Bio, Inc.1 | 2,357,637 | 102,015 |
Twist Bioscience Corp.1 | 704,000 | 99,468 |
Editas Medicine, Inc.1 | 1,400,000 | 98,154 |
Globus Medical, Inc., Class A1 | 1,482,600 | 96,695 |
Allogene Therapeutics, Inc.1 | 3,772,069 | 95,207 |
Bachem Holding AG, Class B3 | 210,830 | 93,696 |
Revance Therapeutics, Inc.1 | 3,291,900 | 93,292 |
Cellectis SA (ADR)1,2,4 | 2,214,336 | 59,920 |
Cellectis SA, non-registered shares1,2,3 | 1,181,240 | 33,254 |
SMALLCAP World Fund — Page 4 of 26
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) |
Kronos Bio, Inc.1,2 | 2,205,791 | $65,887 |
Kronos Bio, Inc.1,2,3 | 928,792 | 26,078 |
Penumbra, Inc.1 | 508,744 | 89,030 |
Genus PLC3 | 1,519,000 | 87,272 |
CompuGroup Medical SE & Co. KGaA3 | 906,900 | 87,093 |
Natera, Inc.1 | 874,000 | 86,980 |
CRISPR Therapeutics AG1 | 560,910 | 85,881 |
Addus HomeCare Corp.1 | 721,500 | 84,480 |
New Frontier Health Corp., Class A1,2 | 9,313,186 | 80,093 |
Oak Street Health, Inc.1 | 1,293,500 | 79,110 |
Applied Molecular Transport Inc.1,2,4 | 2,522,043 | 77,603 |
Shandong Pharmaceutical Glass Co., Ltd., Class A3 | 9,680,563 | 74,420 |
Hutchison China MediTech Ltd. (ADR)1 | 2,271,707 | 72,740 |
Glaukos Corp.1 | 950,322 | 71,521 |
Max Healthcare Institute Ltd.1,3 | 35,633,496 | 68,641 |
Tandem Diabetes Care, Inc.1 | 701,800 | 67,148 |
Genmab A/S1,3 | 165,000 | 66,739 |
Cortexyme, Inc.1,2,4 | 2,353,382 | 65,377 |
Adaptive Biotechnologies Corp.1 | 1,077,200 | 63,695 |
Sysmex Corp.3 | 529,500 | 63,680 |
Gland Pharma Ltd.1,3 | 1,113,052 | 35,642 |
Gland Pharma Ltd.1,3,5 | 857,400 | 27,455 |
CONMED Corp. | 561,300 | 62,866 |
Teladoc Health, Inc.1 | 312,466 | 62,481 |
Pulmonx Corp.1,4 | 904,430 | 62,424 |
Novavax, Inc.1,4 | 557,000 | 62,111 |
Shockwave Medical, Inc.1 | 585,000 | 60,676 |
Nakanishi Inc.3 | 2,724,000 | 59,808 |
MorphoSys AG, non-registered shares1,3 | 510,875 | 58,336 |
CellaVision AB, non-registered shares1,2,3 | 1,550,300 | 57,757 |
Guardant Health, Inc.1 | 409,500 | 52,776 |
Menicon Co., Ltd.3 | 865,500 | 52,458 |
Hikma Pharmaceuticals PLC3 | 1,521,400 | 52,407 |
Hangzhou Tigermed Consulting Co., Ltd., Class A3 | 2,107,152 | 52,221 |
Phreesia, Inc.1 | 945,659 | 51,311 |
Adaptimmune Therapeutics PLC (ADR)1,2,4 | 9,323,900 | 50,256 |
CELLINK AB, Class B1,3 | 1,749,188 | 49,829 |
Carl Zeiss Meditec AG, non-registered shares3 | 368,406 | 49,022 |
Revolution Medicines, Inc.1 | 1,228,000 | 48,617 |
Revenio Group Oyj, non-registered shares3 | 792,790 | 48,480 |
Madrigal Pharmaceuticals, Inc.1,4 | 428,422 | 47,628 |
STAAR Surgical Co.1 | 597,024 | 47,296 |
Ambu AS, Class B, non-registered shares3,4 | 1,070,500 | 46,222 |
Seer, Inc., Class A1,4 | 820,000 | 46,035 |
AddLife AB, Class B3 | 2,604,129 | 45,570 |
Certara, Inc.1 | 1,348,727 | 45,479 |
TG Therapeutics, Inc.1 | 850,000 | 44,217 |
Zentalis Pharmaceuticals, Inc.1 | 850,000 | 44,149 |
Flexion Therapeutics, Inc.1,2 | 3,823,000 | 44,117 |
NuVasive, Inc.1 | 766,000 | 43,149 |
Vir Biotechnology, Inc.1,4 | 1,599,738 | 42,841 |
Guangzhou Kingmed Diagnostics Group Co., Ltd., Class A3 | 2,147,081 | 42,178 |
Incyte Corp.1 | 474,000 | 41,229 |
Abcam PLC3 | 1,900,000 | 40,271 |
Inhibrx, Inc.1,4 | 1,200,000 | 39,564 |
SMALLCAP World Fund — Page 5 of 26
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) |
Inari Medical, Inc.1 | 450,000 | $39,281 |
Sosei Group Corp.1,3,4 | 2,204,400 | 38,493 |
KRKA, dd, Novo mesto3 | 335,262 | 37,497 |
Autolus Therapeutics PLC (ADR)1,2,4 | 4,178,494 | 37,356 |
Ocumension Therapeutics1,3 | 10,579,000 | 36,896 |
Hypera SA, ordinary nominative | 5,561,283 | 36,671 |
Encompass Health Corp. | 443,400 | 36,665 |
American Well Corp., Class A1,4 | 1,428,900 | 36,194 |
Acutus Medical, Inc.1,4 | 1,253,167 | 36,104 |
Asahi Intecc Co., Ltd.3 | 962,400 | 35,133 |
Genetron Holdings Ltd. (ADR)1,4 | 2,472,191 | 34,611 |
Genomma Lab Internacional, SAB de CV, Series B1 | 35,953,000 | 34,039 |
Precision BioSciences, Inc.1,2 | 4,062,000 | 33,877 |
Xenon Pharmaceuticals Inc.1,2 | 2,019,226 | 31,056 |
Zealand Pharma A/S1,3 | 810,749 | 29,451 |
Fleury SA, ordinary nominative | 5,540,900 | 28,824 |
Acerta Pharma BV1,3,6,7 | 195,556,815 | 26,381 |
Hugel, Inc.1,3 | 145,571 | 25,186 |
Schrodinger, Inc.1 | 310,500 | 24,585 |
Medacta Group SA1,3 | 248,259 | 24,407 |
Syneos Health, Inc., Class A1 | 353,500 | 24,084 |
WIN-Partners Co., Ltd.2,3 | 1,982,700 | 23,720 |
Laurus Labs Ltd.3 | 4,880,345 | 23,694 |
Ironwood Pharmaceuticals, Inc., Class A1 | 2,030,000 | 23,122 |
UDG Healthcare PLC3 | 2,117,403 | 22,600 |
Chemed Corp. | 42,000 | 22,370 |
Lupin Ltd.3 | 1,595,000 | 21,350 |
Global Blood Therapeutics, Inc.1 | 467,520 | 20,248 |
OdontoPrev SA, ordinary nominative | 6,925,700 | 19,400 |
Grifols, SA, Class B (ADR) | 616,400 | 11,367 |
Grifols, SA, Class A, non-registered shares3 | 270,000 | 7,882 |
Grail, Inc.1,3,5,6,7 | 1,939,479 | 19,084 |
Arjo AB, Class B3 | 2,478,100 | 18,923 |
Eargo, Inc.1,4 | 400,000 | 17,928 |
Alnylam Pharmaceuticals, Inc.1 | 137,700 | 17,897 |
Classys Inc.3 | 1,222,863 | 17,381 |
Black Diamond Therapeutics, Inc.1 | 525,000 | 16,826 |
NuCana PLC (ADR)1,2,4 | 3,664,931 | 16,456 |
Jacobio Pharmaceuticals Group Co., Ltd.1,3 | 8,876,100 | 16,212 |
Karuna Therapeutics, Inc.1 | 158,600 | 16,112 |
Altimmune, Inc.1,4 | 1,404,000 | 15,837 |
Deciphera Pharmaceuticals, Inc.1 | 270,000 | 15,409 |
Uniphar PLC3 | 5,107,000 | 14,859 |
Sarepta Therapeutics, Inc.1 | 86,500 | 14,747 |
Creo Medical Group PLC1,3 | 5,444,125 | 14,454 |
Berkeley Lights, Inc.1,4 | 152,308 | 13,618 |
Amvis Holdings, Inc.3,4 | 264,100 | 13,588 |
Scholar Rock Holding Corp.1,4 | 275,000 | 13,346 |
Rubius Therapeutics, Inc.1,4 | 1,533,396 | 11,638 |
HBM Holdings Ltd.1,3 | 8,500,000 | 11,578 |
Neurocrine Biosciences, Inc.1 | 97,515 | 9,347 |
GN Store Nord AS3 | 93,689 | 7,446 |
Galapagos NV1,3 | 62,989 | 6,198 |
Agios Pharmaceuticals, Inc.1 | 128,700 | 5,577 |
Amedisys, Inc.1 | 17,200 | 5,045 |
SMALLCAP World Fund — Page 6 of 26
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) |
Paramount Bed Holdings Co., Ltd.3 | 107,500 | $4,903 |
Bausch Health Companies Inc.1 | 200,000 | 4,160 |
Gossamer Bio, Inc.1 | 317,246 | 3,068 |
Neovasc Inc.1 | 247,102 | 235 |
Antares Vision SpA1,3 | 5,208 | 60 |
NMC Health PLC1,3,6 | 911,693 | 12 |
13,083,406 | ||
Consumer discretionary 17.04% | ||
Evolution Gaming Group AB3 | 10,198,331 | 1,033,971 |
TopBuild Corp.1,2 | 2,352,400 | 433,030 |
Floor & Decor Holdings, Inc., Class A1 | 4,331,200 | 402,152 |
YETI Holdings, Inc.1,2 | 5,678,663 | 388,818 |
Ocado Group PLC1,3 | 10,398,813 | 325,841 |
Just Eat Takeaway (EUR denominated)1,3 | 2,607,600 | 293,942 |
Helen of Troy Ltd.1 | 1,170,618 | 260,100 |
Five Below, Inc.1 | 1,479,402 | 258,866 |
Dollarama Inc. | 6,015,000 | 245,155 |
DraftKings Inc., Class A1 | 4,993,954 | 232,519 |
IDP Education Ltd.2,3 | 14,269,619 | 218,588 |
Thor Industries, Inc. | 2,315,800 | 215,346 |
Entain PLC1,3 | 12,457,444 | 193,372 |
Sushiro Global Holdings Ltd.3 | 4,772,000 | 182,257 |
Wyndham Hotels & Resorts, Inc. | 3,000,601 | 178,356 |
BHG Group AB1,2,3,4 | 7,590,837 | 164,852 |
Jiumaojiu International Holdings Ltd.1,3 | 52,948,000 | 161,268 |
Shop Apotheke Europe NV, non-registered shares1,3,4 | 870,557 | 157,650 |
Pool Corp. | 409,700 | 152,613 |
Arco Platform Ltd., Class A1 | 4,166,715 | 147,877 |
Six Flags Entertainment Corp. | 4,193,532 | 142,999 |
Caesars Entertainment, Inc.1 | 1,775,000 | 131,829 |
Moncler SpA1,3 | 2,120,000 | 129,672 |
ASOS PLC1,3 | 1,941,257 | 127,197 |
Leslie’s, Inc.1,4 | 4,543,450 | 126,081 |
Strategic Education, Inc.2 | 1,290,000 | 122,976 |
zooplus AG, non-registered shares1,2,3,4 | 571,544 | 118,367 |
Bright Horizons Family Solutions Inc.1 | 678,549 | 117,382 |
Tube Investments of India Ltd.2,3 | 10,599,000 | 116,220 |
Domino’s Pizza Group PLC2,3 | 26,572,815 | 114,912 |
frontdoor, inc.1 | 2,068,000 | 103,834 |
Momo.com Inc.3 | 4,433,000 | 100,722 |
Mattel, Inc.1 | 5,700,000 | 99,465 |
KB Home | 2,957,918 | 99,149 |
Wayfair Inc., Class A1,4 | 416,000 | 93,937 |
Jumbo SA3 | 5,206,161 | 90,656 |
Mercari, Inc.1,3 | 2,005,000 | 89,113 |
Norwegian Cruise Line Holdings Ltd.1,4 | 3,397,628 | 86,402 |
Ace Hardware Indonesia Tbk PT3 | 694,950,000 | 84,917 |
Kindred Group PLC (SDR)1,3 | 8,530,000 | 83,481 |
Lennar Corp., Class A | 1,058,458 | 80,686 |
Lennar Corp., Class B | 21,169 | 1,296 |
AcadeMedia AB2,3 | 7,897,375 | 81,566 |
Williams-Sonoma, Inc. | 800,000 | 81,472 |
Musti Group Oyj1,2,3 | 2,682,804 | 80,399 |
Domino’s Pizza, Inc. | 208,000 | 79,760 |
SMALLCAP World Fund — Page 7 of 26
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) |
Everi Holdings Inc.1,2 | 5,770,406 | $79,689 |
Purple Innovation, Inc., Class A1 | 2,403,000 | 79,155 |
Kontoor Brands, Inc. | 1,910,000 | 77,470 |
Basic-Fit NV1,3 | 2,069,175 | 75,599 |
MIPS AB3 | 1,195,000 | 74,769 |
Vroom, Inc.1,4 | 1,743,300 | 71,423 |
Grand Canyon Education, Inc.1 | 753,200 | 70,130 |
WH Smith PLC3 | 3,265,000 | 67,492 |
Etsy, Inc.1 | 377,900 | 67,232 |
Games Workshop Group PLC3 | 420,000 | 64,271 |
Salvatore Ferragamo SpA1,3 | 3,308,523 | 64,022 |
Red Rock Resorts, Inc., Class A | 2,531,956 | 63,400 |
Levi Strauss & Co., Class A | 2,950,000 | 59,236 |
Cairn Homes PLC1,2,3 | 50,520,000 | 58,974 |
Trainline PLC1,3 | 9,163,000 | 58,220 |
POYA International Co., Ltd.3 | 2,795,527 | 57,218 |
Bajaj Electricals Ltd.1,2,3 | 6,823,607 | 57,192 |
Nien Made Enterprise Co., Ltd.3 | 4,920,000 | 57,146 |
B2W - Cia. Digital, ordinary nominative1 | 3,763,361 | 54,782 |
SSP Group PLC3 | 11,943,440 | 54,240 |
Flutter Entertainment PLC (GBP denominated)3 | 259,095 | 53,643 |
B&M European Value Retail SA3 | 7,408,252 | 52,316 |
China MeiDong Auto Holdings Ltd.3 | 12,776,000 | 51,943 |
MGM China Holdings, Ltd.3,4 | 29,188,648 | 50,165 |
Skechers USA, Inc., Class A1 | 1,350,000 | 48,519 |
China East Education Holdings Ltd.3,4 | 20,146,750 | 48,488 |
Tongcheng-Elong Holdings Ltd.1,3 | 24,515,800 | 47,494 |
M.D.C. Holdings, Inc. | 967,528 | 47,022 |
Cie. Plastic Omnium SA3 | 1,348,533 | 46,815 |
Polaris Inc. | 485,000 | 46,211 |
Toll Brothers, Inc. | 1,043,184 | 45,347 |
OneSpaWorld Holdings Ltd.2 | 4,200,548 | 42,594 |
Gentex Corp. | 1,253,000 | 42,514 |
Melco International Development Ltd.3 | 20,992,000 | 40,879 |
Century Communities, Inc.1 | 911,000 | 39,884 |
Watches of Switzerland Group PLC1,3 | 4,944,000 | 39,049 |
Westwing Group AG, non-registered shares1,3 | 952,000 | 38,520 |
Brunello Cucinelli SpA1,3 | 864,000 | 37,511 |
Darden Restaurants, Inc. | 303,300 | 36,129 |
Adient PLC1 | 1,025,000 | 35,639 |
Terminix Global Holdings, Inc.1 | 670,000 | 34,177 |
D.R. Horton, Inc. | 490,000 | 33,771 |
GoCo Group PLC3 | 18,018,634 | 31,659 |
Patrick Industries, Inc. | 457,070 | 31,241 |
Cavco Industries, Inc.1 | 170,870 | 29,979 |
Gourmet Master Co. Ltd.3 | 5,787,000 | 29,055 |
Lojas Quero-Quero SA | 9,000,000 | 28,260 |
Relaxo Footwears Ltd.3 | 2,462,720 | 27,304 |
Nokian Renkaat Oyj3 | 738,000 | 25,790 |
Beazer Homes USA, Inc.1,2 | 1,659,813 | 25,146 |
Cooper Tire & Rubber Co. | 616,000 | 24,948 |
Nordstrom, Inc.4 | 760,000 | 23,720 |
Paltac Corp.3 | 434,000 | 23,619 |
Hilton Grand Vacations Inc.1 | 739,700 | 23,190 |
Countryside Properties PLC3 | 3,499,285 | 22,471 |
SMALLCAP World Fund — Page 8 of 26
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) |
Mazda Motor Corp.3 | 3,264,000 | $21,955 |
Harley-Davidson, Inc. | 592,000 | 21,726 |
Macy’s, Inc.4 | 1,900,000 | 21,375 |
Elior Group SA3 | 3,087,500 | 20,854 |
Pets at Home Group PLC3 | 3,601,211 | 20,491 |
Vail Resorts, Inc. | 71,000 | 19,806 |
Bloomberry Resorts Corp.3 | 111,616,700 | 18,856 |
MakeMyTrip Ltd., non-registered shares1 | 626,752 | 18,508 |
Graham Holdings Co., Class B | 34,000 | 18,135 |
Thule Group AB1,3 | 468,600 | 17,514 |
Roland Corp.3 | 530,600 | 16,187 |
Kerry Express (Thailand) PCL, foreign registered1,3 | 9,750,000 | 16,028 |
Detsky Mir PJSC3 | 8,637,280 | 15,829 |
Jamna Auto Industries Ltd.3 | 17,988,741 | 15,171 |
Zhongsheng Group Holdings Ltd.3 | 2,121,500 | 15,125 |
Dalata Hotel Group PLC1,3 | 3,000,900 | 13,840 |
Aramark | 356,556 | 13,720 |
Central Automotive Products Ltd.3 | 578,000 | 13,448 |
Del Taco Restaurants, Inc.1 | 1,438,200 | 13,030 |
Westlife Development Ltd.1,3 | 1,928,968 | 12,079 |
Cyrela Brazil Realty SA, ordinary nominative | 1,587,200 | 9,008 |
Boot Barn Holdings, Inc.1 | 201,673 | 8,745 |
Winnebago Industries, Inc. | 119,320 | 7,152 |
Chow Sang Sang Holdings International Ltd.3 | 5,812,700 | 6,601 |
Ryohin Keikaku Co., Ltd.3 | 293,100 | 5,988 |
Royal Caribbean Cruises Ltd. | 78,017 | 5,827 |
Lojas Americanas SA, ordinary nominative | 1,232,000 | 4,850 |
Coursera, Inc.1,3,6,7 | 238,412 | 3,576 |
Samsonite International SA1,3 | 1,350,000 | 2,399 |
Viomi Technology Co., Ltd. (ADR)1,4 | 375,000 | 1,931 |
China Zenix Auto International Ltd. (ADR)1 | 2,152,000 | 559 |
BNN Technology PLC1,2,3,6 | 19,007,000 | —8 |
11,248,048 | ||
Industrials 15.23% | ||
IMCD NV2,3 | 3,519,136 | 447,139 |
Meggitt PLC1,2,3 | 55,990,652 | 357,719 |
Nihon M&A Center Inc.3 | 5,081,080 | 340,027 |
NIBE Industrier AB, Class B3 | 10,352,143 | 339,936 |
VAT Group AG3 | 1,169,146 | 291,400 |
Harmonic Drive Systems Inc.3 | 3,038,800 | 271,862 |
Diploma PLC2,3 | 8,670,666 | 260,174 |
BELIMO Holding AG3 | 27,704 | 240,627 |
Wizz Air Holdings PLC1,3 | 3,799,955 | 237,327 |
Saia, Inc.1 | 1,169,208 | 211,393 |
MonotaRO Co., Ltd.3 | 3,988,100 | 202,780 |
Rexnord Corp. | 5,128,000 | 202,505 |
Nolato AB, Class B1,3 | 1,917,992 | 193,934 |
Marel hf.3 | 30,225,360 | 186,381 |
Boyd Group Services Inc.2,4 | 1,077,671 | 185,885 |
Spirax-Sarco Engineering PLC3 | 1,186,028 | 183,308 |
Stericycle, Inc.1 | 2,510,450 | 174,049 |
Arcosa, Inc.2 | 2,829,389 | 155,418 |
BWX Technologies, Inc. | 2,555,533 | 154,048 |
Japan Elevator Service Holdings Co., Ltd.2,3 | 5,618,054 | 143,040 |
SMALLCAP World Fund — Page 9 of 26
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) |
Havells India Ltd.3 | 11,010,155 | $138,148 |
IDEX Corp. | 652,700 | 130,018 |
ManpowerGroup Inc. | 1,408,000 | 126,973 |
Matson, Inc.2 | 2,174,000 | 123,853 |
BayCurrent Consulting, Inc.3 | 684,200 | 120,268 |
Alfen NV1,2,3 | 1,189,400 | 119,510 |
TransDigm Group Inc.1 | 190,000 | 117,582 |
International Container Terminal Services, Inc.3 | 44,009,076 | 113,209 |
Ever Sunshine Lifestyle Services Group Ltd.3,4 | 49,898,000 | 109,910 |
Japan Airport Terminal Co. Ltd.3 | 1,776,400 | 107,894 |
Guangzhou Baiyun International Airport Co. Ltd., Class A3 | 49,848,224 | 107,749 |
Armstrong World Industries, Inc. | 1,404,811 | 104,504 |
Avon Rubber PLC2,3 | 2,387,963 | 103,424 |
Graco Inc. | 1,374,000 | 99,409 |
Instalco AB2,3 | 3,151,210 | 96,040 |
Interpump Group SpA3 | 1,932,000 | 95,450 |
Kratos Defense & Security Solutions, Inc.1 | 3,376,853 | 92,627 |
Bingo Industries Ltd.2,3 | 49,082,191 | 92,413 |
Generac Holdings Inc.1 | 406,102 | 92,352 |
Watsco, Inc. | 400,000 | 90,620 |
Masco Corp. | 1,625,000 | 89,261 |
Willscot Mobile Mini Holdings Corp., Class A1 | 3,829,760 | 88,736 |
Sweco AB, Class B, non-registered shares3 | 4,824,600 | 88,542 |
Waste Connections, Inc. | 840,000 | 86,159 |
Ceres Power Holdings PLC1,3 | 4,755,468 | 85,900 |
Lifco AB, Class B3 | 839,000 | 80,442 |
Woodward, Inc. | 649,000 | 78,873 |
Granite Construction Inc.2 | 2,900,500 | 77,472 |
Hefei Meyer Optoelectronic Technology Inc., Class A3 | 11,400,472 | 77,361 |
IR Japan Holdings, Ltd.3 | 478,300 | 76,572 |
Grace Technology, Inc.2,3,4 | 1,135,800 | 76,341 |
Melrose Industries PLC1,3 | 30,830,657 | 75,191 |
TechnoPro Holdings, Inc.3 | 903,900 | 75,028 |
Atlas Corp.4 | 6,300,000 | 68,292 |
Aalberts NV, non-registered shares3 | 1,518,000 | 67,281 |
Trinity Industries, Inc. | 2,513,238 | 66,324 |
Oshkosh Corp. | 760,207 | 65,431 |
Kajaria Ceramics Ltd.3 | 6,527,902 | 63,081 |
TFI International Inc. (CAD denominated) | 1,130,000 | 58,173 |
TFI International Inc. | 68,200 | 3,518 |
Cleanaway Waste Management Ltd.3 | 30,002,998 | 54,534 |
Centre Testing International Group Co., Ltd.3 | 12,715,436 | 53,303 |
Kingspan Group PLC1,3 | 724,000 | 50,825 |
CAE Inc. | 1,750,000 | 48,490 |
Plug Power Inc.1 | 1,423,666 | 48,277 |
AF Poyry, Class B1,3 | 1,553,500 | 47,507 |
CoStar Group, Inc.1 | 50,000 | 46,214 |
Upwork Inc.1 | 1,295,431 | 44,718 |
Barrett Business Services, Inc.2 | 610,765 | 41,660 |
Han’s Laser Technology Industry Group Co., Ltd., Class A3 | 6,321,881 | 41,426 |
Rumo SA1 | 11,166,735 | 41,363 |
FTI Consulting, Inc.1 | 353,100 | 39,448 |
Howden Joinery Group PLC1,3 | 4,143,379 | 39,126 |
Addtech AB, Class B3 | 2,907,036 | 38,489 |
Textron Inc. | 780,000 | 37,697 |
SMALLCAP World Fund — Page 10 of 26
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) |
XP Power Ltd.3 | 583,458 | $37,535 |
Air Lease Corp., Class A | 835,600 | 37,117 |
Indutrade AB1,3 | 1,653,822 | 35,455 |
HomeServe PLC3 | 2,448,500 | 34,349 |
DO & CO AG, non-registered shares1,3,4 | 421,745 | 34,236 |
easyJet PLC3 | 3,000,000 | 34,222 |
Hensoldt AG1,3 | 1,947,810 | 33,259 |
The AZEK Company Inc., Class A1 | 864,400 | 33,236 |
LIXIL Corp.3 | 1,483,100 | 32,212 |
IAA, Inc.1 | 491,500 | 31,938 |
John Bean Technologies Corp. | 278,785 | 31,745 |
BMC Stock Holdings, Inc.1 | 579,222 | 31,093 |
Grupo Aeroportuario del Sureste, SA de CV, Series B1,4 | 1,756,000 | 29,051 |
INVISIO AB3 | 950,000 | 28,877 |
Advanced Drainage Systems, Inc. | 323,056 | 27,001 |
Interface, Inc. | 2,541,658 | 26,687 |
Vicor Corp, Class A1 | 289,200 | 26,670 |
Pegasus Hava Tasimaciligi AS1,3 | 2,647,416 | 26,571 |
Coor Service Management Holding AB1,3 | 2,994,630 | 26,344 |
Array Technologies, Inc.1 | 593,200 | 25,591 |
Bravida Holding AB3 | 1,861,218 | 24,805 |
Montrose Environmental Group, Inc.1 | 788,989 | 24,427 |
Astral Poly Technik Ltd.3 | 958,957 | 23,472 |
PGT Innovations, Inc.1 | 1,133,000 | 23,045 |
TOMRA Systems ASA3,4 | 461,100 | 22,722 |
Haitian International Holdings Ltd.3 | 6,110,000 | 21,164 |
ICF International, Inc. | 271,320 | 20,167 |
Imperial Logistics Ltd.3 | 7,386,000 | 18,795 |
Nitto Boseki Co., Ltd.3 | 414,000 | 18,287 |
Grafton Group PLC, units1,3 | 1,437,900 | 18,149 |
EnPro Industries, Inc. | 233,971 | 17,669 |
Troax Group AB3 | 747,300 | 17,456 |
Azelio AB1,3,4 | 2,750,000 | 17,320 |
Hexagon Composites ASA1,3 | 2,338,807 | 14,970 |
Times Neighborhood Holdings Ltd.3 | 14,862,000 | 13,926 |
Boa Vista Servicos SA | 5,562,400 | 13,547 |
McPhy Energy SA1,3 | 290,100 | 12,192 |
JELD-WEN Holding, Inc.1 | 415,000 | 10,524 |
Curtiss-Wright Corp. | 79,500 | 9,250 |
Hydrogenpro AS1,3,4 | 980,500 | 6,990 |
10,054,026 | ||
Financials 8.20% | ||
Kotak Mahindra Bank Ltd.1,3 | 13,512,456 | 369,792 |
Cannae Holdings, Inc.1,2 | 7,332,537 | 324,611 |
Ares Management Corp., Class A | 5,174,776 | 243,473 |
Bajaj Finance Ltd.3 | 3,257,000 | 236,545 |
SVB Financial Group1 | 606,500 | 235,219 |
Trupanion, Inc.1 | 1,703,000 | 203,866 |
RenaissanceRe Holdings Ltd. | 1,058,600 | 175,537 |
Essent Group Ltd. | 4,000,500 | 172,822 |
Janus Henderson Group PLC | 5,305,041 | 172,467 |
South State Corp. | 2,372,336 | 171,520 |
First Republic Bank | 1,141,825 | 167,768 |
Capitec Bank Holdings Ltd.1,3 | 1,685,983 | 164,295 |
SMALLCAP World Fund — Page 11 of 26
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) |
East West Bancorp, Inc. | 3,044,577 | $154,390 |
AJ Bell PLC3 | 20,354,700 | 120,796 |
Aavas Financiers Ltd.1,2,3 | 4,894,706 | 113,662 |
Enstar Group Ltd.1 | 544,500 | 111,563 |
Seacoast Banking Corp. of Florida1,2 | 3,781,901 | 111,377 |
Focus Financial Partners Inc., Class A1 | 2,395,600 | 104,209 |
AU Small Finance Bank Ltd.1,3 | 7,968,100 | 93,537 |
Eurobank Ergasias Services and Holdings SA1,3 | 129,141,154 | 91,426 |
Radian Group Inc. | 4,420,751 | 89,520 |
Upstart Holdings, Inc.1,4 | 2,050,000 | 83,538 |
Stifel Financial Corp. | 1,477,350 | 74,547 |
Live Oak Bancshares, Inc. | 1,561,093 | 74,089 |
TMX Group Ltd. | 732,941 | 73,208 |
MarketAxess Holdings Inc. | 124,909 | 71,268 |
Uzabase, Inc.1,2,3 | 1,930,100 | 67,084 |
Euronext NV3 | 585,333 | 64,494 |
Bolsa Mexicana de Valores, SAB de CV, Series A | 26,939,545 | 63,844 |
Western Alliance Bancorporation | 1,063,264 | 63,743 |
IIFL Wealth Management Ltd.3 | 4,350,654 | 60,281 |
AssetMark Financial Holdings, Inc.1 | 2,250,000 | 54,450 |
TCS Group Holding PLC (GDR)3 | 1,544,761 | 50,505 |
TCS Group Holding PLC (GDR)3,5 | 31,700 | 1,036 |
Independent Bank Group, Inc. | 796,000 | 49,766 |
eGuarantee, Inc.3 | 2,256,400 | 49,228 |
NMI Holdings, Inc.1 | 2,147,927 | 48,651 |
The Bank of N.T. Butterfield & Son Ltd. | 1,550,000 | 48,298 |
Waddell & Reed Financial, Inc., Class A | 1,850,000 | 47,120 |
Multi Commodity Exchange of India Ltd.3 | 1,943,833 | 46,072 |
Indian Energy Exchange Ltd.3 | 14,190,655 | 44,336 |
VZ Holding AG3 | 465,000 | 42,462 |
City Union Bank Ltd.3 | 16,899,646 | 41,721 |
StepStone Group Inc., Class A1,4 | 994,100 | 39,565 |
eHealth, Inc.1 | 536,600 | 37,889 |
Webster Financial Corp. | 851,600 | 35,895 |
Artisan Partners Asset Management Inc., Class A | 705,000 | 35,490 |
Moelis & Co., Class A | 719,000 | 33,620 |
Lemonade, Inc.1,4 | 252,000 | 30,870 |
Hiscox Ltd.1,3 | 2,060,606 | 28,410 |
Umpqua Holdings Corp. | 1,785,500 | 27,032 |
Clarivate PLC1 | 880,090 | 26,147 |
Close Brothers Group PLC3 | 1,131,900 | 21,403 |
Hilltop Holdings Inc. | 750,000 | 20,633 |
Victory Capital Holdings, Inc., Class A | 812,000 | 20,146 |
Third Point Reinsurance Ltd.1 | 1,995,675 | 18,999 |
WealthNavi Inc.1,3 | 750,000 | 18,377 |
Funding Circle Holdings PLC1,3 | 14,196,606 | 17,440 |
Kinsale Capital Group, Inc. | 87,020 | 17,415 |
The Tel Aviv Stock Exchange Ltd.3 | 3,360,182 | 17,126 |
Sabre Insurance Group PLC3 | 4,096,502 | 15,566 |
Moscow Exchange MICEX-RTS PJSC3 | 7,180,802 | 15,495 |
Greenhill & Co., Inc.2 | 1,169,700 | 14,200 |
Nova Ljubljanska banka dd (GDR)1,3 | 1,253,700 | 13,782 |
HDFC Asset Management Co., Ltd.3 | 319,780 | 12,810 |
Discovery Ltd.3 | 899,883 | 9,313 |
Fanhua Inc. (ADR)4 | 762,442 | 9,180 |
SMALLCAP World Fund — Page 12 of 26
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) |
MGIC Investment Corp. | 662,526 | $8,315 |
Huize Holding Ltd. (ADR)1,4 | 826,780 | 5,787 |
MJ Hudson Group PLC1,3 | 8,173,500 | 5,421 |
Regional, SAB de CV, Series A1 | 1,121,219 | 5,189 |
Cairo Mezz PLC1,3 | 2,333,333 | 357 |
5,410,008 | ||
Consumer staples 3.01% | ||
Emmi AG2,3 | 317,072 | 326,387 |
Grocery Outlet Holding Corp.1,2 | 5,386,182 | 211,408 |
Simply Good Foods Co., Class A1,2 | 6,651,000 | 208,575 |
Raia Drogasil SA, ordinary nominative | 39,521,460 | 190,524 |
Freshpet, Inc.1 | 1,169,632 | 166,076 |
Jonjee Hi-Tech Industrial and Commercial Holding Co., Ltd., Class A3 | 15,721,895 | 160,677 |
Kotobuki Spirits Co., Ltd.3 | 1,483,200 | 77,195 |
Milbon Co., Ltd.3 | 1,015,000 | 64,748 |
COSMOS Pharmaceutical Corp.3 | 397,806 | 64,266 |
Fevertree Drinks PLC3 | 1,852,300 | 64,146 |
Nu Skin Enterprises, Inc., Class A | 800,000 | 43,704 |
Hotel Chocolat Group PLC2,3 | 7,486,000 | 43,132 |
Hilton Food Group PLC3 | 2,712,967 | 41,358 |
Bakkafrost P/F1,3 | 517,500 | 36,961 |
AAK AB3 | 1,670,950 | 33,698 |
Vector Group Ltd. | 2,813,000 | 32,771 |
Fresh Del Monte Produce Inc. | 1,359,700 | 32,728 |
Bid Corp. Ltd.3 | 1,640,857 | 29,468 |
Varun Beverages Ltd.3 | 2,175,548 | 27,294 |
United Spirits Ltd.1,3 | 2,969,361 | 23,541 |
Zur Rose Group AG1,3 | 64,000 | 20,445 |
PZ Cussons PLC3 | 6,017,310 | 18,949 |
Avenue Supermarts Ltd.1,3 | 417,313 | 15,782 |
Cranswick PLC3 | 321,193 | 15,467 |
Nomad Foods Ltd.1 | 500,000 | 12,710 |
Century Pacific Food, Inc.3 | 25,901,000 | 9,491 |
Beyond Meat, Inc.1,4 | 73,395 | 9,174 |
Chengdu Hongqi Chain Co., Ltd.3 | 6,147,395 | 6,223 |
1,986,898 | ||
Communication services 2.76% | ||
Iridium Communications Inc.1,2 | 6,958,927 | 273,660 |
Iridium Communications Inc.1,2,5 | 636,132 | 25,016 |
New York Times Co., Class A | 3,865,100 | 200,096 |
Bandwidth Inc., Class A1 | 1,119,400 | 172,018 |
Altice Europe NV, Class A1,3 | 22,370,000 | 145,641 |
Yandex NV, Class A1 | 1,530,000 | 106,457 |
Zillow Group, Inc., Class C, nonvoting shares1 | 525,000 | 68,145 |
DIP Corp.3 | 2,421,600 | 64,806 |
Capcom Co., Ltd.3 | 913,500 | 59,392 |
Kahoot! AS1,3 | 5,170,000 | 57,385 |
Cable One, Inc. | 25,321 | 56,408 |
JCDecaux SA1,3 | 2,210,000 | 50,481 |
HUYA, Inc. (ADR)1,4 | 2,330,327 | 46,443 |
JOYY Inc., Class A (ADR) | 562,000 | 44,949 |
Nordic Entertainment Group AB, Class B1,3 | 717,450 | 40,072 |
Daily Mail and General Trust PLC, Class A, nonvoting shares3 | 3,245,300 | 33,077 |
SMALLCAP World Fund — Page 13 of 26
unaudited
Common stocks (continued) Communication services (continued) | Shares | Value (000) |
World Wrestling Entertainment, Inc., Class A | 672,000 | $32,290 |
Direct Marketing MiX Inc.2,3,4 | 1,254,200 | 31,956 |
CTS Eventim AG & Co. KGaA1,3 | 471,400 | 31,332 |
Square Enix Holdings Co., Ltd.3 | 449,900 | 27,301 |
CarGurus, Inc., Class A1 | 810,000 | 25,701 |
Kamakura Shinsho, Ltd.2,3,4 | 2,297,900 | 25,479 |
Zee Entertainment Enterprises Ltd.3 | 7,932,200 | 24,357 |
Bengo4.com, Inc.1,3 | 241,100 | 23,983 |
Pebble Group PLC1,2,3 | 13,396,071 | 23,859 |
Indus Towers Ltd.3 | 7,487,077 | 23,628 |
Tata Communications Ltd.3 | 1,445,000 | 21,826 |
Euskaltel, SA, non-registered shares3 | 1,330,000 | 14,212 |
Adevinta ASA1,3 | 798,911 | 13,414 |
Cardlytics, Inc.1 | 83,500 | 11,921 |
IMAX China Holding, Inc.3,4 | 6,862,500 | 11,621 |
HKBN Ltd.3 | 7,235,000 | 11,202 |
Enad Global 7 AB1,3 | 748,500 | 11,150 |
MTN Group Ltd.3,4 | 1,458,066 | 5,979 |
Zegona Communications PLC3 | 3,300,304 | 4,739 |
1,819,996 | ||
Materials 1.89% | ||
Navin Fluorine International Ltd.2,3 | 3,485,500 | 125,451 |
Nanofilm Technologies International Ltd.1,3 | 32,159,100 | 107,067 |
CCL Industries Inc., Class B, nonvoting shares | 2,262,200 | 102,705 |
PI Industries Ltd.3 | 2,510,208 | 75,590 |
Lundin Mining Corp. | 8,514,400 | 75,585 |
Valvoline Inc. | 2,932,300 | 67,853 |
Re:NewCell AB1,2,3 | 2,104,500 | 58,191 |
JCU Corp.2,3 | 1,494,400 | 57,637 |
LANXESS AG3 | 705,240 | 54,080 |
Huntsman Corp. | 1,735,000 | 43,618 |
Axalta Coating Systems Ltd.1 | 1,399,600 | 39,959 |
Fasadgruppen Group AB1,2,3 | 3,543,900 | 37,861 |
Vidrala, SA, non-registered shares3 | 268,335 | 31,117 |
EPL Ltd.3 | 8,419,273 | 29,064 |
Venator Materials PLC1,2 | 8,538,871 | 28,264 |
Aluflexpack AG1,3 | 726,399 | 27,997 |
Berger Paints India Ltd.3 | 2,500,993 | 26,029 |
Gulf Oil Lubricants India Ltd.2,3 | 2,543,519 | 25,063 |
Croda International PLC3 | 267,795 | 24,194 |
Industrias Penoles, SAB de CV | 1,340,000 | 22,678 |
Arkema SA3 | 197,500 | 22,575 |
H.B. Fuller Co. | 430,000 | 22,308 |
SK Materials Co., Ltd.3 | 64,300 | 21,214 |
Alcoa Corp.1 | 910,000 | 20,976 |
Allegheny Technologies Inc.1 | 1,227,223 | 20,581 |
Symrise AG3 | 148,000 | 19,575 |
China BlueChemical Ltd., Class H3 | 109,900,000 | 17,442 |
Royal Gold, Inc. | 118,000 | 12,550 |
Excelsior Mining Corp.1,2 | 12,868,000 | 11,322 |
Sandstorm Gold Ltd.1 | 1,361,300 | 9,761 |
SMALLCAP World Fund — Page 14 of 26
unaudited
Common stocks (continued) Materials (continued) | Shares | Value (000) |
Gerdau SA (ADR)4 | 2,011,500 | $9,394 |
Shandong Sinocera Functional Material Co., Ltd., Class A3 | 72,100 | 498 |
1,248,199 | ||
Real estate 1.38% | ||
Altus Group Ltd.2 | 3,239,081 | 125,044 |
Embassy Office Parks REIT3 | 22,010,000 | 103,937 |
Colony Capital, Inc. REIT, Class A | 17,390,807 | 83,650 |
Concentradora Fibra Danhos REIT, SA de CV | 50,327,700 | 61,508 |
JHSF Participações SA2 | 40,035,711 | 60,198 |
MGM Growth Properties LLC REIT, Class A | 1,767,000 | 55,307 |
K-Fast Holding AB, Class B1,2,3 | 1,632,678 | 52,853 |
SRE Holdings Corp.1,2,3 | 998,500 | 40,083 |
Mindspace Business Parks REIT1,3 | 5,727,200 | 25,088 |
Mindspace Business Parks REIT1,3,5 | 3,272,800 | 14,050 |
Cousins Properties Inc. REIT | 1,016,286 | 34,046 |
FirstService Corp. | 200,000 | 27,374 |
Samhallsbyggnadsbolaget i Norden AB, Class B3,4 | 7,264,000 | 25,285 |
Poly Property Services Co., Ltd., Class H3,4 | 3,070,600 | 24,213 |
WHA Corp. PCL3 | 233,967,400 | 23,577 |
Hibernia REIT PLC3 | 16,260,000 | 23,005 |
Redwood Trust, Inc. REIT | 2,562,000 | 22,494 |
Mitre Realty Empreendimentos E Participações SA1,2 | 6,168,863 | 20,190 |
Park Hotels & Resorts Inc. REIT | 1,131,700 | 19,409 |
Shimao Services Holdings Ltd.1,3 | 11,265,000 | 17,379 |
Pebblebrook Hotel Trust REIT | 852,400 | 16,025 |
Genova Property Group AB1,3 | 1,384,600 | 12,408 |
Americold Realty Trust REIT | 217,800 | 8,130 |
DoubleDragon Properties Corp.1,3 | 21,118,627 | 6,552 |
BR Malls Participacoes SA, ordinary nominative1 | 3,357,560 | 6,399 |
Morguard Corp. | 23,400 | 2,122 |
Cyrela Commercial Properties SA, ordinary nominative | 765,746 | 2,020 |
Sobha Ltd.3 | 32,235 | 183 |
912,529 | ||
Energy 0.89% | ||
New Fortress Energy Inc., Class A4 | 2,340,000 | 125,401 |
Cimarex Energy Co. | 1,971,000 | 73,932 |
Parsley Energy, Inc., Class A | 5,026,000 | 71,369 |
Petronet LNG Ltd.3 | 17,731,356 | 60,244 |
Worley Ltd.3 | 5,701,172 | 50,521 |
Apache Corp. | 2,478,500 | 35,170 |
Cactus, Inc., Class A | 1,249,900 | 32,585 |
Equitrans Midstream Corp. | 3,674,309 | 29,542 |
Denbury Inc.1 | 855,000 | 21,965 |
Viper Energy Partners LP | 1,455,000 | 16,907 |
Venture Global LNG, Inc., Series C1,3,5,6,7 | 4,240 | 16,029 |
Magnolia Oil & Gas Corp., Class A1 | 2,000,000 | 14,120 |
Savannah Energy PLC1,2,3 | 64,599,102 | 12,075 |
Hexagon Purus LLC1,3 | 1,600,821 | 9,317 |
Inter Pipeline Ltd.4 | 960,000 | 8,952 |
Cosan Ltd., Class A | 361,000 | 6,653 |
Diamondback Energy, Inc. | 50,000 | 2,420 |
587,202 |
SMALLCAP World Fund — Page 15 of 26
unaudited
Common stocks (continued) Utilities 0.15% | Shares | Value (000) |
Neoenergia SA | 14,573,000 | $49,435 |
ENN Energy Holdings Ltd.3 | 3,166,000 | 46,470 |
Mytrah Energy Ltd.1,2,3,6 | 10,418,000 | 143 |
96,048 | ||
Total common stocks (cost: $31,118,290,000) | 62,863,919 | |
Preferred securities 1.29% Information technology 0.54% | ||
Marqeta, Inc., Series E-1, 8.00% noncumulative, preferred shares1,3,6,7 | 9,415,404 | 166,558 |
Avidxchange, Inc., Series F, preferred shares1,2,3,6,7 | 2,159,548 | 105,844 |
Gitlab Inc., Series E, preferred shares1,3,6,7 | 1,044,048 | 41,762 |
Credo Technology Group Holding, Ltd., Series D, 8.00% noncumulative, preferred shares1,3,6,7 | 4,005,527 | 23,253 |
Credo Technology Group Holding, Ltd., Series D+, 8.00% noncumulative, preferred shares1,3,6,7 | 634,437 | 3,683 |
Patreon, Inc., Series E, preferred shares1,3,6,7 | 698,208 | 11,944 |
Patreon, Inc., Series Seed, preferred shares1,3,6,7 | 163,096 | 2,790 |
355,834 | ||
Industrials 0.30% | ||
Azul SA, preferred nominative (ADR)1,4 | 6,884,081 | 157,095 |
Azul SA, preferred nominative1 | 771,000 | 5,833 |
Relativity Space, Inc., Series D, preferred shares1,3,6,7 | 2,143,751 | 32,000 |
194,928 | ||
Health care 0.27% | ||
Sartorius AG, nonvoting preferred, non-registered shares3 | 395,000 | 165,561 |
PACT Pharma, Inc., Series C, 8.00% noncumulative, preferred shares1,3,6,7 | 4,397,107 | 12,346 |
177,907 | ||
Consumer discretionary 0.11% | ||
Made.com Design Ltd., Series C-4, preferred shares1,2,3,6,7 | 2,067,967 | 48,217 |
Grove Collaborative, Inc., Series E, preferred shares1,3,6,7 | 2,611,018 | 26,000 |
74,217 | ||
Financials 0.07% | ||
PPRO Holding GMBS, Series B, 8.00% preferred shares1,3,6 | 13,618 | 48,818 |
Total preferred securities (cost: $519,826,000) | 851,704 | |
Rights & warrants 0.02% Consumer staples 0.02% | ||
Qingdao Richen Food Co., Ltd., Class A, warrants, expire 20221,3,5 | 925,013 | 11,068 |
Information technology 0.00% | ||
Foursquare Labs, Inc., warrants, expire 20331,3,6,7 | 1,163,990 | 545 |
Consumer discretionary 0.00% | ||
DraftKings Inc., warrants, expire 20251,3 | 12,172 | 430 |
Total rights & warrants (cost: $10,936,000) | 12,043 |
SMALLCAP World Fund — Page 16 of 26
unaudited
Convertible stocks 0.18% Consumer discretionary 0.08% | Shares | Value (000) |
Coursera, Inc., Series E, 8.00% noncumulative, convertible preferred shares3,6,7 | 2,083,333 | $35,417 |
Coursera, Inc., Series C, 8.00% noncumulative, convertible preferred shares3,6,7 | 450,000 | 7,650 |
Coursera, Inc., Series B, noncumulative, convertible preferred shares3,6,7 | 365,581 | 6,215 |
Coursera, Inc., Series F, noncumulative, convertible preferred shares3,6,7 | 135,838 | 2,309 |
51,591 | ||
Communication services 0.08% | ||
Nextdoor Inc., Series H, convertible preferred shares3,5,6,7 | 1,512,513 | 50,442 |
Information technology 0.02% | ||
RealSelf, Inc., Series C, convertible preferred shares2,3,6,7 | 3,468,862 | 14,014 |
Total convertible stocks (cost: $88,264,000) | 116,047 | |
Bonds, notes & other debt instruments 0.01% Corporate bonds, notes & loans 0.01% Energy 0.01% | Principal amount (000) | |
Weatherford International PLC 8.75% 20245 | $1,912 | 1,920 |
Weatherford International PLC 11.00% 20245 | 5,093 | 3,985 |
5,905 | ||
Total bonds, notes & other debt instruments (cost: $6,802,000) | 5,905 | |
Short-term securities 4.36% Money market investments 4.36% | Shares | |
Capital Group Central Cash Fund 0.12%2,9 | 22,432,500 | 2,243,474 |
BlackRock Liquidity Funds – FedFund, Institutional Shares 0%9,10 | 206,700,000 | 206,700 |
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.02%9,10 | 200,400,000 | 200,400 |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%9,10 | 100,574,820 | 100,575 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%9,10 | 68,900,000 | 68,900 |
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 0.03%9,10 | 28,100,000 | 28,100 |
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 0.02%9,10 | 18,700,000 | 18,700 |
Fidelity Investments Money Market Government Portfolio, Class I 0.01%9,10 | 9,300,000 | 9,300 |
2,876,149 | ||
Total short-term securities (cost: $2,875,862,000) | 2,876,149 | |
Total investment securities 101.10% (cost: $34,619,980,000) | 66,725,767 | |
Other assets less liabilities (1.10)% | (723,517) | |
Net assets 100.00% | $66,002,250 |
SMALLCAP World Fund — Page 17 of 26
unaudited
Investments in affiliates2
Value of affiliates at 10/1/2020 (000) | Additions (000) | Reductions (000) | Net realized (loss) gain (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 12/31/2020 (000) | Dividend income (000) | |
Common stocks 19.89% | |||||||
Information technology 4.70% | |||||||
Smartsheet Inc., Class A1 | $339,768 | $7,161 | $— | $— | $139,494 | $486,423 | $— |
SimCorp AS3 | 287,448 | 10,103 | 2,484 | (188) | 38,021 | 332,900 | — |
Netcompany Group AS, non-registered shares1,3 | 261,807 | — | 14,463 | 7,817 | 50,974 | 306,135 | — |
Fortnox AB3 | 143,848 | — | — | — | 123,577 | 267,425 | — |
Net One Systems Co., Ltd.3 | 313,706 | — | 16,497 | 5,906 | (73,437) | 229,678 | — |
Bottomline Technologies, Inc.1 | 146,392 | 4,527 | — | — | 37,590 | 188,509 | — |
Network International Holdings PLC1,3 | 102,957 | 43,268 | 1,139 | (98) | 39,009 | 183,997 | — |
Carel Industries SpA3 | 165,092 | — | 12,212 | 5,321 | 10,487 | 168,688 | — |
SHIFT Inc.1,3 | 149,519 | 14,654 | 7,674 | 4,212 | (16,542) | 144,169 | — |
GB Group PLC3,4 | 96,159 | — | — | — | 40,437 | 136,596 | 431 |
Megaport Ltd.1,3 | 139,672 | — | 11,403 | 8,522 | (15,628) | 121,163 | — |
eMemory Technology Inc.3 | 71,353 | 5,332 | — | — | 15,081 | 91,766 | — |
Paya Holdings Inc., Class A1,3,4,5 | — | 50,000 | — | — | 13,826 | 63,826 | — |
Paya Holdings Inc., Class A1 | — | 14,821 | — | — | 1,475 | 16,296 | — |
Unifiedpost Group SA1,3 | 51,564 | 10,573 | — | — | 12,304 | 74,441 | — |
PAR Technology Corp.1,4 | 39,764 | 5,190 | — | — | 25,256 | 70,210 | — |
Computer Age Management Services Ltd.3 | — | 53,404 | — | — | 15,867 | 69,271 | 116 |
Tanla Platforms Ltd.3 | — | 38,209 | — | — | 27,417 | 65,626 | — |
LPKF Laser & Electronics AG, non-registered shares3 | 42,521 | — | — | — | 15,115 | 57,636 | — |
Conductor Technology Ltd.1,3,6,7 | — | 26,000 | — | — | — | 26,000 | — |
CANCOM SE, non-registered shares3,4,11 | 148,833 | — | 74,156 | (18,266) | 5,093 | — | — |
Nuvei Corp., subordinate voting shares1,5,11 | 83,460 | — | 58,727 | 7,331 | (32,064) | — | — |
Yext, Inc.1,11 | 107,110 | — | 103,724 | 26,711 | (11,430) | — | — |
3,100,755 | |||||||
Health care 4.83% | |||||||
Allakos Inc.1 | 311,345 | 23,164 | 11,873 | 2,302 | 233,737 | 558,675 | — |
Haemonetics Corp.1 | 313,334 | 38,950 | — | — | 117,541 | 469,825 | — |
Pacific Biosciences of California, Inc.1 | 135,169 | — | 22,477 | 17,586 | 200,797 | 331,075 | — |
GVS SpA1,3 | 160,421 | 42,320 | 40,835 | — | 61,826 | 223,732 | — |
GW Pharmaceuticals PLC (ADR)1,4 | 175,171 | — | — | — | 32,497 | 207,668 | — |
Mani, Inc.3 | 169,994 | — | 7,863 | (351) | (474) | 161,306 | — |
Silk Road Medical, Inc.1 | 166,923 | — | — | — | (10,506) | 156,417 | — |
Health Catalyst, Inc.1,4 | 120,624 | — | — | — | 22,839 | 143,463 | — |
Fagron NV3 | 138,130 | — | — | — | (10,895) | 127,235 | — |
Metropolis Healthcare Ltd.3 | 94,292 | — | — | — | 9,839 | 104,131 | — |
Cellectis SA (ADR)1,4 | 40,965 | — | — | — | 18,955 | 59,920 | — |
Cellectis SA, non-registered shares1,3 | 21,878 | — | — | — | 11,376 | 33,254 | — |
Kronos Bio, Inc.1 | — | 45,433 | — | — | 20,454 | 65,887 | — |
Kronos Bio, Inc.1,3 | — | 15,000 | — | — | 11,078 | 26,078 | — |
New Frontier Health Corp., Class A1 | — | 93,132 | — | — | (13,039) | 80,093 | — |
New Frontier Health Corp., Class A1,5 | 71,060 | — | 93,132 | — | 22,072 | — | — |
Applied Molecular Transport Inc.1,4 | 80,251 | — | — | — | (2,648) | 77,603 | — |
Cortexyme, Inc.1,4 | 117,669 | — | — | — | (52,292) | 65,377 | — |
CellaVision AB, non-registered shares1,3 | 62,142 | — | — | — | (4,385) | 57,757 | — |
Adaptimmune Therapeutics PLC (ADR)1,4 | 74,405 | — | — | — | (24,149) | 50,256 | — |
Flexion Therapeutics, Inc.1 | 39,797 | — | — | — | 4,320 | 44,117 | — |
Autolus Therapeutics PLC (ADR)1,4 | 48,638 | — | — | — | (11,282) | 37,356 | — |
SMALLCAP World Fund — Page 18 of 26
unaudited
Investments in affiliates2 (continued)
Value of affiliates at 10/1/2020 (000) | Additions (000) | Reductions (000) | Net realized (loss) gain (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 12/31/2020 (000) | Dividend income (000) | |
Precision BioSciences, Inc.1 | $25,022 | $— | $— | $— | $8,855 | $33,877 | $— |
Xenon Pharmaceuticals Inc.1 | 22,353 | — | — | — | 8,703 | 31,056 | — |
WIN-Partners Co., Ltd.3 | 19,422 | — | — | — | 4,298 | 23,720 | — |
NuCana PLC (ADR)1,4 | 18,948 | — | — | — | (2,492) | 16,456 | — |
Neovasc Inc.1,11 | 2,476 | — | 710 | (2,535) | 1,004 | — | — |
Revenio Group Oyj, non-registered shares3,11 | 63,690 | — | 28,336 | 16,542 | (3,416) | — | — |
3,186,334 | |||||||
Consumer discretionary 3.19% | |||||||
TopBuild Corp.1 | 403,067 | 12,205 | 14,852 | 8,934 | 23,676 | 433,030 | — |
YETI Holdings, Inc.1 | 226,417 | 49,312 | 9,137 | 3,309 | 118,917 | 388,818 | — |
IDP Education Ltd.3 | 194,977 | — | — | — | 23,611 | 218,588 | — |
BHG Group AB1,3,4 | 120,598 | — | 14,095 | 9,369 | 48,980 | 164,852 | — |
Strategic Education, Inc. | 138,028 | — | 19,427 | (16,960) | 21,335 | 122,976 | 774 |
zooplus AG, non-registered shares1,3,4 | 106,273 | — | — | — | 12,094 | 118,367 | — |
Tube Investments of India Ltd.3 | 50,583 | 49,772 | — | — | 15,865 | 116,220 | — |
Domino’s Pizza Group PLC3 | 124,794 | — | — | — | (9,882) | 114,912 | — |
AcadeMedia AB3 | 65,102 | — | — | — | 16,464 | 81,566 | 1,389 |
Musti Group Oyj1,3 | 54,475 | 11,475 | — | — | 14,449 | 80,399 | — |
Everi Holdings Inc.1 | 39,528 | 8,806 | — | — | 31,355 | 79,689 | — |
Cairn Homes PLC1,3 | 46,064 | — | — | — | 12,910 | 58,974 | — |
Bajaj Electricals Ltd.1,3 | 46,868 | — | — | — | 10,324 | 57,192 | — |
OneSpaWorld Holdings Ltd. | 24,501 | 2,678 | — | — | 15,415 | 42,594 | — |
Beazer Homes USA, Inc.1 | 21,910 | — | — | — | 3,236 | 25,146 | — |
BNN Technology PLC1,3,6 | —8 | — | — | — | — | —8 | — |
Evolution Gaming Group AB3,11 | 653,356 | — | 51,675 | 37,917 | 296,523 | — | — |
GoCo Group PLC3,11 | 30,969 | — | 7,493 | 1,682 | 6,501 | — | — |
Shop Apotheke Europe NV, non-registered shares1,3,4,11 | 152,474 | — | — | — | 5,176 | — | — |
Trainline PLC1,3,11 | 132,167 | — | 81,416 | (12,636) | 20,105 | — | — |
2,103,323 | |||||||
Industrials 3.45% | |||||||
IMCD NV3 | 419,005 | — | — | — | 28,134 | 447,139 | — |
Meggitt PLC1,3 | 147,363 | 49,565 | — | — | 160,791 | 357,719 | — |
Diploma PLC3 | 217,621 | 59,107 | 30,520 | — | 13,966 | 260,174 | 3,474 |
Boyd Group Services Inc.4 | 166,456 | — | — | — | 19,429 | 185,885 | 119 |
Arcosa, Inc. | 108,252 | 18,695 | — | — | 28,471 | 155,418 | 125 |
Japan Elevator Service Holdings Co., Ltd.3 | 97,944 | — | — | — | 45,096 | 143,040 | — |
Matson, Inc. | 87,156 | — | — | — | 36,697 | 123,853 | 500 |
Alfen NV1,3 | 81,133 | — | 6,265 | 5,208 | 39,434 | 119,510 | — |
Avon Rubber PLC3 | 130,603 | — | — | — | (27,179) | 103,424 | — |
Instalco AB3 | 71,427 | — | 1,573 | 1,076 | 25,110 | 96,040 | — |
Bingo Industries Ltd.3 | 85,378 | — | — | — | 7,035 | 92,413 | — |
Granite Construction Inc. | 40,979 | 12,088 | — | — | 24,405 | 77,472 | 377 |
Grace Technology, Inc.3,4 | 50,981 | 6,989 | — | — | 18,371 | 76,341 | — |
Barrett Business Services, Inc. | 21,658 | 12,319 | — | — | 7,683 | 41,660 | 183 |
Greaves Cotton Ltd.3,11 | 13,291 | — | 13,277 | (13,401) | 13,387 | — | — |
2,280,088 |
SMALLCAP World Fund — Page 19 of 26
unaudited
Investments in affiliates2 (continued)
Value of affiliates at 10/1/2020 (000) | Additions (000) | Reductions (000) | Net realized (loss) gain (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 12/31/2020 (000) | Dividend income (000) | |
Financials 0.96% | |||||||
Cannae Holdings, Inc.1 | $273,210 | $— | $— | $— | $51,401 | $324,611 | $— |
Aavas Financiers Ltd.1,3 | 95,244 | — | — | — | 18,418 | 113,662 | — |
Seacoast Banking Corp. of Florida1 | 64,582 | 4,376 | — | — | 42,419 | 111,377 | — |
Uzabase, Inc.1,3 | 69,504 | — | — | — | (2,420) | 67,084 | — |
Greenhill & Co., Inc. | 13,276 | — | — | — | 924 | 14,200 | 58 |
Trupanion, Inc.1,11 | 220,565 | — | 95,154 | 76,373 | 2,081 | — | — |
630,934 | |||||||
Consumer staples 1.20% | |||||||
Emmi AG3 | 315,972 | — | — | — | 10,415 | 326,387 | — |
Grocery Outlet Holding Corp.1 | 181,783 | 32,357 | — | — | (2,732) | 211,408 | — |
Simply Good Foods Co., Class A1 | 146,655 | — | — | — | 61,920 | 208,575 | — |
Hotel Chocolat Group PLC3 | 34,294 | — | — | — | 8,838 | 43,132 | — |
789,502 | |||||||
Communication services 0.57% | |||||||
Iridium Communications Inc.1 | 178,010 | — | — | — | 95,650 | 273,660 | — |
Iridium Communications Inc.1,5 | 16,272 | — | — | — | 8,744 | 25,016 | — |
Direct Marketing MiX Inc.3,4 | — | 32,133 | — | — | (177) | 31,956 | 60 |
Kamakura Shinsho, Ltd.3,4 | 20,275 | — | — | — | 5,204 | 25,479 | — |
Pebble Group PLC1,3 | 13,569 | — | — | — | 10,290 | 23,859 | — |
379,970 | |||||||
Materials 0.52% | |||||||
Navin Fluorine International Ltd.3 | 105,113 | — | — | — | 20,338 | 125,451 | 235 |
Re:NewCell AB1,3 | — | 20,450 | — | — | 37,741 | 58,191 | — |
JCU Corp.3 | 60,133 | — | 10,222 | 3,779 | 3,947 | 57,637 | — |
Fasadgruppen Group AB1,3 | — | 25,106 | — | — | 12,755 | 37,861 | — |
Venator Materials PLC1 | 15,195 | 1,275 | — | — | 11,794 | 28,264 | — |
Gulf Oil Lubricants India Ltd.3 | 21,229 | 1,290 | — | — | 2,544 | 25,063 | — |
Excelsior Mining Corp.1 | 6,572 | — | — | — | 4,750 | 11,322 | — |
Aluflexpack AG1,3,11 | 23,928 | — | 6,226 | 2,497 | 7,798 | — | — |
343,789 | |||||||
Real estate 0.45% | |||||||
Altus Group Ltd. | 134,523 | 69 | — | — | (9,548) | 125,044 | 379 |
JHSF Participações SA | 49,903 | — | — | — | 10,295 | 60,198 | 481 |
K-Fast Holding AB, Class B1,3 | 43,130 | — | — | — | 9,723 | 52,853 | — |
SRE Holdings Corp.1,3 | — | 32,001 | — | — | 8,082 | 40,083 | — |
Mitre Realty Empreendimentos E Participações SA1 | 14,522 | — | — | — | 5,668 | 20,190 | — |
Cyrela Commercial Properties SA, ordinary nominative11 | 19,160 | — | 20,717 | (15,443) | 19,020 | — | 944 |
Foxtons Group PLC1,3,11 | 8,532 | — | 7,923 | (3,693) | 3,084 | — | — |
WHA Corp. PCL3,11 | 75,192 | — | 53,599 | (1,988) | 3,972 | — | 284 |
298,368 | |||||||
Energy 0.02% | |||||||
Savannah Energy PLC1,3 | 8,759 | — | — | — | 3,316 | 12,075 | — |
Utilities 0.00% | |||||||
Mytrah Energy Ltd.1,3,6 | 135 | — | — | — | 8 | 143 | — |
Total common stocks | 13,125,281 |
SMALLCAP World Fund — Page 20 of 26
unaudited
Investments in affiliates2 (continued)
Value of affiliates at 10/1/2020 (000) | Additions (000) | Reductions (000) | Net realized (loss) gain (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 12/31/2020 (000) | Dividend income (000) | |
Preferred securities 0.23% | |||||||
Information technology 0.16% | |||||||
Avidxchange, Inc., Series F, preferred shares1,3,6,7 | $105,844 | $— | $— | $— | $— | $105,844 | $— |
Consumer discretionary 0.07% | |||||||
Made.com Design Ltd., Series C-4, preferred shares1,3,6,7 | 46,537 | — | — | — | 1,680 | 48,217 | — |
Total preferred securities | 154,061 | ||||||
Rights & warrants 0.00% | |||||||
Health care 0.00% | |||||||
Neovasc Inc., warrants, expire 20251,3,11 | 47 | — | 1 | 1 | (47) | — | — |
Convertible stocks 0.02% | |||||||
Information technology 0.02% | |||||||
RealSelf, Inc., Series C, convertible preferred shares3,6,7 | 13,945 | — | — | — | 69 | 14,014 | — |
Short-term securities 3.40% | |||||||
Money market investments 3.40% | |||||||
Capital Group Central Cash Fund 0.12%9 | 1,519,845 | 2,569,106 | 1,845,477 | 5 | (5) | 2,243,474 | 610 |
Total 23.54% | $166,841 | $2,712,378 | $15,536,830 | $10,539 |
1 | Security did not produce income during the last 12 months. |
2 | Affiliate of the fund or part of the same group of investment companies as the fund, in each case as defined under the Investment Company Act of 1940. |
3 | Valued under fair value procedures adopted by authority of the board of directors. The total value of all such securities was $27,832,866,000, which represented 42.17% of the net assets of the fund. This amount includes $26,625,615,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
4 | All or a portion of this security was on loan. The total value of all such securities was $937,409,000, which represented 1.42% of the net assets of the fund. |
5 | Acquired in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $307,517,000, which represented .47% of the net assets of the fund. |
6 | Value determined using significant unobservable inputs. |
7 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear below. |
8 | Amount less than one thousand. |
9 | Rate represents the seven-day yield at 12/31/2020. |
10 | Security purchased with cash collateral from securities on loan. |
11 | Unaffiliated issuer at 12/31/2020. |
Private placement securities | Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets |
Marqeta, Inc., Series E-1, 8.00% noncumulative, preferred shares | 5/27/2020 | $78,500 | $166,558 | .25% |
Marqeta, Inc. | 8/17/2020 | 13,785 | 29,249 | .04 |
Agilon Health TopCo, Inc. | 1/4/2019-3/4/2020 | 50,494 | 158,276 | .24 |
Avidxchange, Inc., Series F, preferred shares | 12/26/2019 | 105,844 | 105,844 | .16 |
Coursera, Inc., Series E, 8.00% noncumulative, convertible preferred shares | 4/23/2019 | 25,000 | 35,417 | .05 |
Coursera, Inc., Series C, 8.00% noncumulative, convertible preferred shares | 2/20/2020 | 5,400 | 7,650 | .01 |
Coursera, Inc. Series B, noncumulative, convertible preferred shares | 8/12/2020 | 5,721 | 6,215 | .01 |
Coursera, Inc. | 8/12/2020 | 3,731 | 3,576 | .01 |
Coursera, Inc. Series F, noncumulative, convertible preferred shares | 7/15/2020 | 2,309 | 2,309 | .00 |
Nextdoor Inc., Series H, convertible preferred shares | 5/8/2019 | 30,833 | 50,442 | .08 |
Made.com Design Ltd., Series C-4, preferred shares | 3/2/2018 | 41,328 | 48,217 | .07 |
Gitlab Inc., Series E, preferred shares | 9/11/2019 | 19,450 | 41,762 | .06 |
SMALLCAP World Fund — Page 21 of 26
unaudited
Private placement securities | Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets |
Relativity Space, Inc., Series D, preferred shares | 11/20/2020 | $32,000 | $32,000 | .05% |
Credo Technology Group Holding, Ltd., Series D, 8.00% noncumulative, preferred shares | 3/20/2020 | 20,000 | 23,253 | .04 |
Credo Technology Group Holding, Ltd., Series D+, 8.00% noncumulative, preferred shares | 12/22/2020 | 3,683 | 3,683 | .01 |
Acerta Pharma BV | 5/7/2014 | 11,250 | 26,381 | .04 |
Conductor Technology Ltd. | 10/19/2020 | 26,000 | 26,000 | .04 |
Grove Collaborative, Inc., Series E, preferred shares | 11/3/2020 | 26,000 | 26,000 | .04 |
Grail, Inc. | 4/17/2020 | 9,907 | 19,084 | .03 |
Patreon, Inc., Series E, preferred shares | 9/1/2020 | 11,944 | 11,944 | .02 |
Patreon, Inc., Class B | 10/26/2020-10/27/2020 | 3,255 | 3,249 | .01 |
Patreon, Inc., Series Seed, preferred shares | 9/16/2020 | 2,790 | 2,790 | .00 |
Venture Global LNG, Inc., Series C | 5/1/2015 | 12,720 | 16,029 | .02 |
RealSelf, Inc., Series C, convertible preferred shares | 4/18/2018 | 19,000 | 14,014 | .02 |
PACT Pharma, Inc., Series C, 8% noncumulative, preferred shares | 2/7/2020 | 9,000 | 12,346 | .02 |
Foursquare Labs, Inc., Series A | 12/3/2013 | 20,000 | 5,773 | .01 |
Foursquare Labs, Inc., warrants, expire 2033 | 12/3/2013 | — | 545 | .00 |
Total private placement securities | $ 589,944 | $ 878,606 | 1.33% |
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
Fixed-income class | Examples of standard inputs |
All | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) |
Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
SMALLCAP World Fund — Page 22 of 26
unaudited
When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of the fund’s board of directors as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of directors has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of directors. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
The fund’s investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following table presents the fund’s valuation levels as of December 31, 2020 (dollars in thousands):
SMALLCAP World Fund — Page 23 of 26
unaudited
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $10,081,091 | $6,245,349 | $91,119 | $16,417,559 |
Health care | 9,481,517 | 3,398,136 | 203,753 | 13,083,406 |
Consumer discretionary | 5,707,280 | 5,537,192 | 3,576 | 11,248,048 |
Industrials | 3,510,100 | 6,543,926 | — | 10,054,026 |
Financials | 3,577,236 | 1,832,772 | — | 5,410,008 |
Consumer staples | 907,670 | 1,079,228 | — | 1,986,898 |
Communication services | 1,063,104 | 756,892 | — | 1,819,996 |
Materials | 487,554 | 760,645 | — | 1,248,199 |
Real estate | 543,916 | 368,613 | — | 912,529 |
Energy | 439,016 | 132,157 | 16,029 | 587,202 |
Utilities | 49,435 | 46,470 | 143 | 96,048 |
Preferred securities | 162,928 | 165,561 | 523,215 | 851,704 |
Rights & warrants | — | 11,498 | 545 | 12,043 |
Convertible stocks | — | — | 116,047 | 116,047 |
Bonds, notes & other debt instruments | — | 5,905 | — | 5,905 |
Short-term securities | 2,876,149 | — | — | 2,876,149 |
Total | $38,886,996 | $26,884,344 | $954,427 | $66,725,767 |
The following table reconciles the valuation of the fund’s Level 3 investment securities and related transactions for the three months ended December 31, 2020 (dollars in thousands):
Beginning value at 10/1/2020 | Transfers into Level 3* | Purchases | Sales | Net realized gain | Unrealized appreciation | Transfers out of Level 3* | Ending value at 12/31/2020 | |
Investment securities | $ 706,252 | $— | $ 156,819 | $ (23,317) | $— | $ 114,673 | $— | $ 954,427 |
Net unrealized appreciation during the period on Level 3 investment securities held at December 31, 2020 | $ 116,488 |
* | Transfers into or out of Level 3 are based on the beginning market value of the quarter in which they occurred. These transfers are the result of changes in the availability of pricing sources and/or in the observability of significant inputs used in valuing the securities. |
SMALLCAP World Fund — Page 24 of 26
unaudited
Unobservable inputs — Valuation of the fund’s Level 3 securities is based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The following table provides additional information used by the fund’s investment adviser to fair value the fund’s Level 3 securities (dollars in thousands):
Value at 12/31/2020 | Valuation techniques | Unobservable inputs | Range (if applicable) | Weighted average* | Impact to valuation from an increase in input† | |
Common stocks | $ 314,620 | Liquidation value | N/A | N/A | N/A | N/A |
Preferred share transaction price | N/A | N/A | N/A | |||
Preferred share original issue price | N/A | N/A | N/A | |||
Transaction price | N/A | N/A | N/A | N/A | ||
Recent market information | Quoted price | N/A | N/A | N/A | ||
DLOM | 16% - 17% | 16% | Decrease | |||
Expected proceeds | Discount rate | 10% | 10% | Decrease | ||
Expected proceeds | N/A | N/A | N/A | |||
DLOM | 15% | 15% | Decrease | |||
Market comparable companies | Price/Cash flow multiple | 8.8x | 8.8x | Increase | ||
Price/Sales multiple | 3.0x | 3.0x | Increase | |||
DLOM | 23% - 25% | 23% | Decrease | |||
$ per one billion Btu | $ 2.25 | $ 2.25 | Increase | |||
MMTPA | 10 MMTPA | 10 MMTPA | Increase | |||
Preferred securities | 523,215 | Transaction price | N/A | N/A | N/A | N/A |
Inputs to market comparables and discounted cash flow | Weight ascribed to market comparables | 67% | N/A | N/A | ||
Weight ascribed to discounted cash flow | 33% | N/A | N/A | |||
Market comparable companies | DLOM | 23% | 23% | Decrease | ||
EV/Sales multiple | 3.8x | 3.8x | Increase | |||
Market comparables discount | 20% | 20% | Decrease | |||
Discounted cash flow | DLOM | 23% | 23% | Decrease | ||
Revenue CAGR | 22% | 22% | Increase | |||
WACC | 10.5% | 10.5% | Decrease | |||
Rights & warrants | 545 | Black-Scholes | Underlying share price | 2.93 | 2.93 | Increase |
Implied volatility | 30% | 30% | Increase | |||
Convertible stocks | 116,047 | Transaction price | N/A | N/A | N/A | N/A |
Market comparable companies | EV/Sales multiple | 15.8x - 24.4x | 22.5x | Increase | ||
Adjustment based on market movement increase | 12% | 12% | Increase | |||
DLOM | 20% | 20% | Decrease | |||
Discount to revenue | 50% | 50% | Decrease | |||
Market comparables discount | 30% | 30% | Decrease | |||
$ 954,427 |
* | Weighted average is by relative fair value. |
† | This column represents the directional change in fair value of the Level 3 securities that would result in an increase from the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these inputs in isolation could result in significantly higher or lower fair value measurements. |
SMALLCAP World Fund — Page 25 of 26
unaudited
Key to abbreviations |
ADR = American Depositary Receipts |
Btu = British thermal unit |
CAD = Canadian dollars |
CAGR = Compound annual growth rate |
DLOM = Discount for lack of marketability |
EUR = Euros |
EV = Enterprise value |
GBP = British pounds |
GDR = Global Depositary Receipts |
MMTPA = Million metric tonnes per annum |
SDR = Swedish Depositary Receipts |
WACC = Weighted average cost of capital |
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc., member FINRA.
© 2021 Capital Group. All rights reserved.
MFGEFP1-035-0221O-S78046 | SMALLCAP World Fund — Page 26 of 26 |