SMALLCAP World Fund®
Investment portfolio
December 31, 2021
unaudited
Common stocks 92.81% Information technology 21.25% | Shares | Value (000) | |
MongoDB, Inc., Class A1 | 1,500,294 | $794,181 | |
RingCentral, Inc., Class A1 | 3,508,555 | 657,328 | |
Wolfspeed, Inc.1 | 5,287,678 | 591,004 | |
eMemory Technology, Inc.2 | 6,077,334 | 481,055 | |
Smartsheet, Inc., Class A1 | 5,463,474 | 423,146 | |
ALTEN SA, non-registered shares2 | 2,114,865 | 381,632 | |
Globant SA1 | 1,093,567 | 343,478 | |
Nordic Semiconductor ASA1 | 9,271,915 | 313,326 | |
Kulicke and Soffa Industries, Inc.2 | 4,982,121 | 301,618 | |
Silergy Corp. | 1,640,456 | 297,947 | |
Ceridian HCM Holding, Inc.1 | 2,851,343 | 297,851 | |
VisEra Technologies Co., Ltd.3,4 | 11,090,000 | 185,805 | |
VisEra Technologies Co., Ltd. | 3,774,800 | 73,539 | |
Netcompany Group AS, non-registered shares | 2,303,700 | 248,461 | |
Sinch AB1 | 18,925,710 | 241,069 | |
Keywords Studios PLC2 | 6,039,907 | 240,518 | |
EPAM Systems, Inc.1 | 355,483 | 237,623 | |
Tanla Platforms, Ltd.2 | 9,190,777 | 232,843 | |
SHIFT, Inc.1,2 | 1,121,100 | 232,543 | |
Alteryx, Inc., Class A1 | 3,473,276 | 210,133 | |
Money Forward, Inc.1,2 | 3,345,104 | 201,235 | |
Paycom Software, Inc.1 | 476,750 | 197,942 | |
Net One Systems Co., Ltd.2 | 6,879,958 | 185,411 | |
Dexerials Corp.2 | 5,019,100 | 181,295 | |
Novanta, Inc.1 | 1,011,187 | 178,303 | |
Network International Holdings PLC1,2 | 43,999,813 | 174,022 | |
AvidXchange Holdings, Inc.1,2,3,5,6 | 8,638,192 | 120,985 | |
AvidXchange Holdings, Inc.1,2,6 | 3,493,175 | 52,607 | |
MKS Instruments, Inc. | 964,988 | 168,072 | |
Global Unichip Corp.2 | 7,626,000 | 161,522 | |
Rapid7, Inc.1 | 1,345,069 | 158,301 | |
Endava PLC, Class A (ADR)1 | 921,921 | 154,809 | |
Softcat PLC | 6,259,035 | 152,833 | |
Fabrinet, non-registered shares1 | 1,278,031 | 151,408 | |
Nagarro SE1 | 648,468 | 149,133 | |
Megaport, Ltd.1,2,6 | 11,040,000 | 149,077 | |
Teradata Corp.1 | 3,454,835 | 146,727 | |
SUMCO Corp.6 | 7,001,074 | 142,967 | |
Vitec Software Group AB, Class B | 2,228,800 | 137,385 | |
CDW Corp. | 650,000 | 133,107 | |
Dye & Durham, Ltd.2 | 3,731,197 | 132,382 | |
Okta, Inc., Class A1 | 581,800 | 130,422 | |
LEM Holding SA | 46,070 | 128,422 | |
Extreme Networks, Inc.1,2,6 | 8,157,697 | 128,076 | |
Viavi Solutions, Inc.1 | 7,120,108 | 125,456 | |
Bottomline Technologies (DE), Inc.1 | 2,192,300 | 123,799 |
SMALLCAP World Fund — Page 1 of 29
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Qorvo, Inc.1 | 741,404 | $115,948 | |
Paymentus Holdings, Inc., Class A1,6 | 3,270,911 | 114,416 | |
Bytes Technology Group PLC2 | 14,832,601 | 113,935 | |
PAR Technology Corp.1,2,6 | 2,140,057 | 112,931 | |
Halma PLC | 2,521,862 | 109,231 | |
EVERTEC, Inc. | 2,131,730 | 106,544 | |
Euronet Worldwide, Inc.1 | 893,216 | 106,445 | |
MACOM Technology Solutions Holdings, Inc.1 | 1,342,000 | 105,079 | |
BE Semiconductor Industries NV | 1,225,958 | 104,709 | |
Crayon Group Holding ASA1,2 | 4,955,713 | 102,980 | |
Coforge, Ltd. | 1,297,186 | 102,789 | |
Appfolio, Inc., Class A1 | 832,156 | 100,741 | |
ON Semiconductor Corp.1 | 1,477,850 | 100,376 | |
Kingdee International Software Group Co., Ltd.1 | 31,106,093 | 95,741 | |
Avaya Holdings Corp.1,2 | 4,739,700 | 93,846 | |
Computer Age Management Services, Ltd.2 | 2,568,181 | 92,110 | |
DoubleVerify Holdings, Inc.1 | 2,760,000 | 91,853 | |
INFICON Holding AG | 61,865 | 90,842 | |
Nuvei Corp., subordinate voting shares1 | 1,400,000 | 90,755 | |
Comet Holding AG | 245,477 | 90,653 | |
91APP, Inc.1,2 | 9,459,000 | 90,258 | |
SINBON Electronics Co., Ltd. | 8,747,000 | 89,787 | |
Kainos Group PLC | 3,457,704 | 89,719 | |
Lightspeed Commerce, Inc., subordinate voting shares1 | 1,597,219 | 64,576 | |
Lightspeed Commerce, Inc., subordinate voting shares (CAD denominated)1 | 580,600 | 23,445 | |
Asana, Inc., Class A1 | 1,143,142 | 85,221 | |
Gitlab, Inc., Class B1,3,5 | 1,044,048 | 82,657 | |
Hamamatsu Photonics KK | 1,289,450 | 82,279 | |
Alarm.com Holdings, Inc.1 | 951,000 | 80,654 | |
Olo, Inc., Class A1 | 3,870,830 | 80,552 | |
GB Group PLC | 7,932,428 | 79,292 | |
Concentrix Corp. | 428,914 | 76,613 | |
Elastic NV, non-registered shares1 | 618,500 | 76,131 | |
JustSystems Corp. | 1,617,921 | 75,671 | |
Ideagen PLC2 | 20,183,901 | 75,130 | |
Cvent Holding Corp.1,3,5 | 9,655,200 | 74,939 | |
Vanguard International Semiconductor Corp. | 13,107,394 | 74,853 | |
Semtech Corp.1 | 837,100 | 74,443 | |
JFrog, Ltd.1 | 2,474,730 | 73,499 | |
Softline Holding PLC (GDR)1,2,5 | 10,650,000 | 73,378 | |
Softline Holding PLC (GDR)1,2 | 9,996 | 69 | |
Advanced Energy Industries, Inc. | 780,511 | 71,073 | |
Unimicron Technology Corp. | 8,238,000 | 68,781 | |
Reply SpA | 337,320 | 68,628 | |
Appier Group, Inc.1,2,6 | 5,920,100 | 68,604 | |
Silicon Laboratories, Inc.1 | 324,000 | 66,880 | |
Aspen Technology, Inc.1 | 417,000 | 63,467 | |
Topicus.com, Inc., subordinate voting shares1 | 689,053 | 63,243 | |
Cognex Corp. | 800,000 | 62,208 | |
BlackLine, Inc.1 | 595,000 | 61,606 | |
Pegasystems, Inc. | 542,025 | 60,609 | |
Expensify, Inc., Class A1,6 | 1,376,733 | 60,576 | |
Zuken, Inc.2 | 1,861,300 | 59,870 | |
Clear Secure, Inc., Class A1,6 | 1,882,666 | 59,059 | |
Avalara, Inc.1 | 451,914 | 58,347 |
SMALLCAP World Fund — Page 2 of 29
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Repay Holdings Corp., Class A1 | 3,189,000 | $58,263 | |
Computer Services, Inc. | 1,084,411 | 57,691 | |
Nayax, Ltd.1 | 15,122,000 | 54,380 | |
Bentley Systems, Inc., Class B | 1,105,500 | 53,429 | |
Aixtron SE | 2,434,518 | 49,530 | |
SimCorp AS | 443,250 | 48,505 | |
NCR Corp.1 | 1,204,100 | 48,405 | |
OVH Groupe SAS1 | 1,666,110 | 48,180 | |
Thoughtworks Holding, Inc.1,3,5 | 1,975,506 | 47,667 | |
Trimble, Inc.1 | 530,000 | 46,211 | |
Maruwa Co., Ltd. | 323,400 | 45,826 | |
Digital Turbine, Inc.1 | 749,151 | 45,691 | |
Boku, Inc.1,2,5 | 20,461,639 | 45,560 | |
Bechtle AG, non-registered shares | 617,463 | 44,246 | |
Insight Enterprises, Inc.1 | 413,000 | 44,026 | |
ams AG, non-registered shares1 | 2,396,900 | 43,653 | |
LPKF Laser & Electronics AG, non-registered shares2,6 | 1,959,515 | 43,592 | |
Copperleaf Technologies, Inc.1,6 | 2,257,300 | 42,560 | |
Flex, Ltd.1 | 2,291,735 | 42,007 | |
Unifiedpost Group SA1,2 | 2,420,279 | 41,222 | |
Disco Corp. | 131,500 | 40,183 | |
Cherry AG1,2 | 1,409,348 | 39,953 | |
Accton Technology Corp. | 4,009,000 | 37,674 | |
Coveo Solutions, Inc.1,6 | 2,866,666 | 37,393 | |
Truecaller AB, Class B1 | 2,946,064 | 37,102 | |
Hennge KK1,2,6 | 2,118,000 | 35,684 | |
Paylocity Holding Corp.1 | 150,000 | 35,424 | |
Anaplan, Inc.1 | 764,193 | 35,038 | |
Perficient, Inc.1 | 269,208 | 34,806 | |
CMC Materials, Inc. | 175,355 | 33,614 | |
Nemetschek SE | 249,687 | 32,065 | |
NHN KCP Corp. | 1,254,551 | 32,030 | |
Jamf Holding Corp.1,6 | 829,599 | 31,533 | |
SmartCraft ASA, Class A1,2 | 13,349,780 | 30,924 | |
FDM Group (Holdings) PLC | 1,760,000 | 30,302 | |
Linklogis, Inc., Class B1 | 32,151,500 | 30,100 | |
Adesso SE, non-registered shares | 121,762 | 28,973 | |
eCloudvalley Digital Technology Co., Ltd.2 | 3,003,174 | 28,711 | |
Zendesk, Inc.1 | 273,000 | 28,471 | |
Dock, Ltd.1,2,3,4,7 | 4,318,937 | 27,080 | |
ExaWizards, Inc.1,3,5,6 | 3,478,200 | 26,491 | |
Vontier Corp. | 850,000 | 26,120 | |
Agora, Inc. (ADR)1 | 1,542,000 | 24,996 | |
GlobalWafers Co., Ltd. | 777,000 | 24,939 | |
LiveRamp Holdings, Inc.1 | 511,565 | 24,530 | |
CI&T, Inc., Class A1 | 2,000,000 | 23,780 | |
Alkami Technology, Inc.1 | 1,167,053 | 23,411 | |
CCC Intelligent Solutions Holdings, Inc.1,6 | 2,048,895 | 23,337 | |
Yeahka, Ltd.1,6 | 6,991,400 | 23,133 | |
WeCommerce Holdings Ltd., Class A1,2,6 | 2,063,200 | 21,758 | |
Zebra Technologies Corp., Class A1 | 36,300 | 21,606 | |
BigCommerce Holdings, Inc., Series 11 | 610,000 | 21,576 | |
Tokai Carbon Korea Co., Ltd. | 170,000 | 21,237 | |
Smaregi, Inc.1,2,6 | 1,129,200 | 21,057 | |
Duck Creek Technologies, Inc.1 | 694,904 | 20,924 |
SMALLCAP World Fund — Page 3 of 29
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
WuXi Xinje Electric Co., Ltd., Class A1 | 2,755,858 | $20,587 | |
Appen, Ltd.6 | 2,500,000 | 20,299 | |
Renishaw PLC | 305,400 | 19,759 | |
GMO Payment Gateway, Inc. | 153,000 | 19,087 | |
Lime Technologies AB | 500,526 | 19,066 | |
Venustech Group, Inc., Class A | 4,107,547 | 18,387 | |
MotorK, Ltd.1,2,6 | 2,300,000 | 18,330 | |
CS Disco, Inc.1 | 499,818 | 17,868 | |
EcoOnline Holding AS1,6 | 7,614,050 | 17,720 | |
Fortnox AB | 265,947 | 17,217 | |
Pushpay Holdings, Ltd.1 | 17,654,124 | 15,961 | |
Blend Labs, Inc., Class A1,6 | 2,136,882 | 15,685 | |
SpiderPlus & Co.1 | 1,342,000 | 15,481 | |
Atea ASA | 820,000 | 15,270 | |
LandMark Optoelectronics Corp. | 2,040,000 | 14,489 | |
OneConnect Financial Technology Co., Ltd. (ADR)1 | 5,859,432 | 14,473 | |
SailPoint Technologies Holdings, Inc.1 | 286,700 | 13,859 | |
BasWare OYJ1 | 384,200 | 13,232 | |
Maxlinear, Inc.1 | 171,490 | 12,929 | |
Fair Isaac Corp.1 | 29,100 | 12,620 | |
Patreon, Inc., Class B1,3,4,7 | 189,951 | 10,637 | |
AAC Technologies Holdings, Inc. | 2,629,000 | 10,384 | |
Mensch und Maschine Software SE | 96,000 | 7,268 | |
Plaid, Inc.1,6 | 358,200 | 6,648 | |
Foursquare Labs, Inc., Series A1,3,4,5,7 | 1,970,385 | 6,561 | |
Yotpo, Ltd.1,3,4,5,7 | 2,620,102 | 5,763 | |
nCino, Inc.1,6 | 83,750 | 4,595 | |
BASE, Inc.1,6 | 589,700 | 3,158 | |
908 Devices, Inc.1,6 | 112,500 | 2,910 | |
Pexip Holding ASA1 | 617,618 | 2,875 | |
17,468,556 | |||
Industrials 18.74% | |||
IMCD NV2 | 3,216,090 | 712,898 | |
NIBE Industrier AB, Class B | 40,800,276 | 617,454 | |
Saia, Inc.1,2 | 1,466,641 | 494,302 | |
BayCurrent Consulting, Inc.2 | 1,228,100 | 475,097 | |
Diploma PLC2 | 9,962,226 | 454,963 | |
VAT Group AG | 892,833 | 445,241 | |
Wizz Air Holdings PLC1,2 | 5,892,960 | 334,052 | |
Armstrong World Industries, Inc.2 | 2,647,809 | 307,464 | |
BELIMO Holding AG | 459,465 | 292,460 | |
Interpump Group SpA | 3,880,325 | 284,724 | |
Visional, Inc.1,2 | 2,912,800 | 245,877 | |
Nolato AB, Class B | 19,158,776 | 228,772 | |
Spirax-Sarco Engineering PLC | 1,035,200 | 224,892 | |
Stericycle, Inc.1 | 3,689,298 | 220,030 | |
Comfort Systems USA, Inc.2 | 2,166,379 | 214,342 | |
Nihon M&A Center Holdings, Inc. | 8,644,260 | 211,992 | |
Carel Industries SpA2 | 6,904,814 | 209,106 | |
Havells India, Ltd. | 11,010,155 | 206,915 | |
Boyd Group Services, Inc.2,6 | 1,276,373 | 201,423 | |
Arcosa, Inc.2 | 3,548,940 | 187,029 | |
Regal Rexnord Corp. | 1,087,715 | 185,107 | |
Marel hf. | 27,276,166 | 183,882 |
SMALLCAP World Fund — Page 4 of 29
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Matson, Inc. | 1,974,000 | $177,719 | |
Zurn Water Solutions Corp.6 | 4,878,500 | 177,577 | |
Willscot Mobile Mini Holdings Corp., Class A1 | 4,261,988 | 174,060 | |
International Container Terminal Services, Inc. | 44,009,076 | 172,610 | |
Simpson Manufacturing Co., Inc. | 1,220,414 | 169,723 | |
Instalco AB2 | 3,457,000 | 166,189 | |
Japan Airport Terminal Co., Ltd. | 3,864,160 | 161,245 | |
Chart Industries, Inc.1 | 983,500 | 156,858 | |
Vicor Corp., Class A1 | 1,205,068 | 153,020 | |
ManpowerGroup, Inc. | 1,500,000 | 145,995 | |
Harmonic Drive Systems, Inc.6 | 3,318,550 | 140,208 | |
Johns Lyng Group, Ltd.2,6 | 20,594,836 | 136,802 | |
TFI International, Inc. (CAD denominated) | 1,130,000 | 126,735 | |
TFI International, Inc. | 68,200 | 7,646 | |
Japan Elevator Service Holdings Co., Ltd.2 | 7,100,154 | 132,584 | |
Montrose Environmental Group, Inc.1,2 | 1,880,082 | 132,565 | |
Kadant, Inc. | 567,165 | 130,720 | |
Alfen NV1,2,6 | 1,280,554 | 128,661 | |
Lifco AB, Class B | 4,195,000 | 125,671 | |
TransDigm Group, Inc.1 | 190,000 | 120,893 | |
Masco Corp. | 1,625,000 | 114,107 | |
MonotaRO Co., Ltd.6 | 6,326,000 | 114,003 | |
Graco, Inc. | 1,374,000 | 110,772 | |
Generac Holdings, Inc.1 | 301,404 | 106,070 | |
TechnoPro Holdings, Inc. | 3,401,300 | 103,195 | |
Montana Aerospace AG1 | 2,772,283 | 102,987 | |
AirTAC International Group1 | 2,783,590 | 102,623 | |
Aalberts NV, non-registered shares | 1,518,000 | 100,687 | |
Cleanaway Waste Management, Ltd. | 42,502,998 | 96,789 | |
EnPro Industries, Inc. | 875,976 | 96,419 | |
Sweco AB, Class B, non-registered shares | 5,093,702 | 95,942 | |
IDEX Corp. | 402,700 | 95,166 | |
ESCO Technologies, Inc. | 1,056,182 | 95,046 | |
Watsco, Inc. | 300,000 | 93,864 | |
Atlas Corp.6 | 6,500,000 | 92,170 | |
Marlowe PLC1,2,6 | 6,611,160 | 91,275 | |
Haitian International Holdings, Ltd. | 32,569,000 | 90,428 | |
ITM Power PLC1,6 | 16,694,318 | 89,031 | |
Kingspan Group PLC | 724,000 | 86,549 | |
Sun Country Airlines Holdings, Inc.1,2 | 3,129,018 | 85,266 | |
Zhejiang Weixing New Building Materials Co., Ltd., Class A | 21,925,951 | 83,667 | |
First Advantage Corp.1 | 4,389,650 | 83,579 | |
DL E&C Co., Ltd.1 | 831,731 | 83,261 | |
Quess Corp., Ltd. | 6,907,615 | 79,576 | |
Trinity Industries, Inc. | 2,513,238 | 75,900 | |
Ceres Power Holdings PLC1 | 5,625,195 | 75,873 | |
easyJet PLC1 | 10,027,084 | 75,461 | |
Interface, Inc.2 | 4,721,060 | 75,301 | |
Addtech AB, Class B | 3,093,403 | 73,944 | |
Woodward, Inc. | 649,000 | 71,040 | |
SK, Inc. | 332,795 | 70,268 | |
Fasadgruppen Group AB2 | 3,610,300 | 68,081 | |
Hefei Meyer Optoelectronic Technology, Inc., Class A | 11,400,472 | 67,007 | |
Driven Brands Holdings, Inc.1 | 1,983,000 | 66,668 | |
Resideo Technologies, Inc.1 | 2,527,864 | 65,800 |
SMALLCAP World Fund — Page 5 of 29
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
DO & CO AG, non-registered shares1,2,6 | 779,520 | $65,763 | |
Builders FirstSource, Inc.1 | 760,228 | 65,159 | |
Shoals Technologies Group, Inc., Class A1 | 2,635,961 | 64,054 | |
Controladora Vuela Compañía de Aviación, SAB de CV, ordinary participation certificates, Class A (ADR)1 | 2,277,800 | 40,932 | |
Controladora Vuela Compañía de Aviación, SAB de CV, ordinary participation certificates, Class A1,6 | 10,781,100 | 19,345 | |
Textron, Inc. | 780,000 | 60,216 | |
Melrose Industries PLC | 27,747,591 | 60,055 | |
FTI Consulting, Inc.1 | 390,600 | 59,926 | |
Cargotec OYJ, Class B, non-registered shares | 1,194,200 | 59,605 | |
John Bean Technologies Corp. | 382,223 | 58,694 | |
RWS Holdings PLC | 6,400,000 | 56,308 | |
Astral, Ltd. | 1,784,112 | 54,765 | |
Centre Testing International Group Co., Ltd. | 12,715,436 | 53,608 | |
Kajaria Ceramics, Ltd. | 3,014,772 | 52,315 | |
Waste Connections, Inc. | 380,000 | 51,783 | |
Indutrade AB | 1,653,822 | 50,734 | |
Howden Joinery Group PLC | 4,143,379 | 50,542 | |
CSW Industrials, Inc. | 415,719 | 50,244 | |
Kratos Defense & Security Solutions, Inc.1 | 2,554,142 | 49,550 | |
Volution Group PLC | 6,564,600 | 49,137 | |
APM Human Services International, Ltd.1,6 | 23,661,959 | 49,063 | |
ACV Auctions, Inc., Class A1 | 2,491,341 | 46,937 | |
Copa Holdings, SA, Class A1 | 539,000 | 44,554 | |
Midac Holdings Co., Ltd.1,6 | 1,245,600 | 44,072 | |
Advanced Drainage Systems, Inc. | 323,056 | 43,978 | |
Meggitt PLC1 | 4,396,800 | 43,920 | |
AFRY AB, Class B | 1,553,500 | 43,839 | |
Guangzhou Baiyun International Airport Co., Ltd., Class A | 21,926,503 | 41,491 | |
XP Power, Ltd. | 583,458 | 40,277 | |
KEI Industries, Ltd.1 | 2,545,179 | 39,993 | |
The AZEK Co., Inc., Class A1 | 864,400 | 39,970 | |
LIXIL Corp. | 1,483,100 | 39,518 | |
CoStar Group, Inc.1 | 500,000 | 39,515 | |
Pegasus Hava Tasimaciligi AS1,2 | 6,057,223 | 38,896 | |
Troax Group AB | 747,300 | 38,332 | |
Cummins India, Ltd. | 3,000,000 | 38,009 | |
G R Infraprojects, Ltd.1 | 1,461,700 | 34,242 | |
Voltronic Power Technology Corp. | 610,000 | 34,064 | |
Vestum AB1 | 5,829,000 | 33,395 | |
CTEK AB1,6 | 1,491,500 | 33,358 | |
Rumo SA1 | 10,443,335 | 33,299 | |
Granite Construction, Inc. | 827,000 | 32,005 | |
Barrett Business Services, Inc.2 | 442,000 | 30,524 | |
UFP Industries, Inc. | 301,905 | 27,778 | |
Sulzer AG1 | 281,589 | 27,766 | |
InPost SA1 | 2,286,760 | 27,592 | |
Upwork Inc.1 | 777,246 | 26,551 | |
Air Lease Corp., Class A | 569,300 | 25,180 | |
IAA, Inc.1 | 491,500 | 24,880 | |
Grafton Group PLC | 1,437,900 | 23,997 | |
Grupa Pracuj SA1 | 1,300,000 | 23,392 | |
SIS, Ltd.1 | 3,773,561 | 23,349 | |
MDA, Ltd.1 | 3,000,900 | 22,537 | |
Munters Group AB | 2,806,200 | 21,723 |
SMALLCAP World Fund — Page 6 of 29
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Sdiptech AB, Class B1 | 408,749 | $21,328 | |
Froy ASA1,6 | 3,581,100 | 21,145 | |
BWX Technologies, Inc. | 437,000 | 20,924 | |
Archer Aviation, Inc., Class A1 | 3,134,336 | 18,931 | |
Einride AB1,2,3,4,7 | 391,089 | 18,701 | |
INVISIO Communications AB | 950,000 | 17,221 | |
Oshkosh Corp. | 150,000 | 16,906 | |
Green Landscaping Group AB1 | 1,644,000 | 16,010 | |
Azelio AB1,6 | 5,786,000 | 15,214 | |
Pyrum Innovations AG1 | 128,340 | 14,865 | |
Mersen SA | 337,489 | 14,178 | |
Sitowise Group PLC1,6 | 1,530,182 | 14,024 | |
Lilium NV, Class A1,6 | 1,960,000 | 13,583 | |
Coor Service Management Holding AB | 1,450,000 | 13,262 | |
Interroll Holding AG | 2,650 | 11,938 | |
Fluidra, SA, non-registered shares | 295,000 | 11,822 | |
Ventia Services Group Pty, Ltd.1 | 7,954,000 | 11,574 | |
Otonomo Technologies, Ltd.1,6 | 2,800,000 | 11,452 | |
Boa Vista Servicos SA | 4,878,900 | 5,256 | |
Hexagon Purus ASA1,6 | 1,882,351 | 4,617 | |
Kornit Digital, Ltd.1 | 19,800 | 3,015 | |
Nitto Boseki Co., Ltd. | 108,900 | 2,788 | |
Momentus, Inc., Class A1 | 477,529 | 1,996 | |
CG Power and Industrial Solutions, Ltd.1 | 278,723 | 729 | |
15,405,528 | |||
Consumer discretionary 16.38% | |||
Evolution AB | 6,340,315 | 902,472 | |
TopBuild Corp.1,2 | 2,011,168 | 554,901 | |
Floor & Decor Holdings, Inc., Class A1 | 4,124,900 | 536,278 | |
YETI Holdings, Inc.1,2 | 6,054,875 | 501,525 | |
Helen of Troy, Ltd.1,2 | 1,930,206 | 471,877 | |
Tube Investments of India, Ltd.2 | 15,422,242 | 364,064 | |
IDP Education, Ltd. | 11,816,861 | 297,898 | |
Dollarama, Inc. | 5,010,000 | 250,748 | |
Watches of Switzerland Group PLC1,2 | 12,647,444 | 243,089 | |
Thor Industries, Inc. | 2,315,800 | 240,311 | |
Entain PLC1 | 8,978,173 | 204,525 | |
Kindred Group PLC (SDR)2 | 16,529,940 | 197,016 | |
Auction Technology Group PLC1,2 | 9,570,000 | 196,375 | |
Pool Corp. | 337,600 | 191,082 | |
Warby Parker, Inc., Class A1,6 | 4,018,642 | 187,108 | |
Wyndham Hotels & Resorts, Inc. | 2,046,494 | 183,468 | |
Momo.com, Inc. | 2,997,717 | 176,069 | |
Five Below, Inc.1 | 804,402 | 166,423 | |
Food & Life Companies, Ltd. | 4,332,900 | 163,854 | |
Coursera, Inc.1 | 6,436,059 | 157,297 | |
Domino’s Pizza Group PLC2 | 24,475,815 | 151,997 | |
Everi Holdings, Inc.1,2 | 7,048,606 | 150,488 | |
Moncler SpA | 2,015,000 | 146,867 | |
Leslie’s, Inc.1 | 6,194,521 | 146,562 | |
Adient PLC1 | 3,009,000 | 144,071 | |
MIPS AB | 1,035,200 | 135,984 | |
Scientific Games Corp.1 | 2,004,204 | 133,941 | |
KB Home | 2,957,918 | 132,308 |
SMALLCAP World Fund — Page 7 of 29
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Inchcape PLC | 10,375,900 | $127,733 | |
Lennar Corp., Class A | 1,058,458 | 122,951 | |
Lennar Corp., Class B | 21,169 | 2,024 | |
Bajaj Electricals, Ltd.1,2 | 7,218,607 | 124,711 | |
Mattel, Inc.1 | 5,700,000 | 122,892 | |
WH Smith PLC1 | 5,697,600 | 114,137 | |
DraftKings, Inc., Class A1 | 4,106,126 | 112,795 | |
Williams-Sonoma, Inc. | 658,000 | 111,288 | |
Bafang Electric (Suzhou) Co., Ltd., Class A | 3,058,340 | 108,257 | |
Salvatore Ferragamo SpA1 | 4,163,958 | 106,807 | |
BHG Group AB1,2 | 9,905,000 | 104,627 | |
Jiumaojiu International Holdings, Ltd. | 59,247,000 | 104,095 | |
Porch Group, Inc.1,2,6 | 6,412,252 | 99,967 | |
Domino’s Pizza, Inc. | 176,500 | 99,604 | |
Mercari, Inc.1 | 1,930,000 | 98,320 | |
Kontoor Brands, Inc. | 1,910,000 | 97,887 | |
Frontdoor, Inc.1 | 2,566,763 | 94,072 | |
Cary Group AB1,2 | 7,857,142 | 93,212 | |
Musti Group OYJ2 | 2,626,737 | 92,587 | |
Hilton Grand Vacations, Inc.1 | 1,744,923 | 90,928 | |
Basic-Fit NV1,6 | 1,895,318 | 90,628 | |
Thule Group AB | 1,445,800 | 87,680 | |
Snow Peak, Inc.2,6 | 3,050,800 | 84,339 | |
Games Workshop Group PLC | 600,400 | 81,023 | |
Etsy, Inc.1 | 366,850 | 80,318 | |
Asbury Automotive Group, Inc.1 | 464,691 | 80,266 | |
Wayfair, Inc., Class A1,6 | 416,000 | 79,028 | |
SSP Group PLC1 | 23,794,132 | 77,328 | |
Dr. Martens PLC1 | 13,072,600 | 75,732 | |
Century Communities, Inc. | 911,000 | 74,511 | |
Levi Strauss & Co., Class A | 2,950,000 | 73,838 | |
Arco Platform, Ltd., Class A1,6 | 3,519,026 | 73,512 | |
Nien Made Enterprise Co., Ltd. | 4,920,000 | 73,355 | |
China MeiDong Auto Holdings, Ltd. | 14,024,000 | 72,300 | |
DESCENTE, Ltd.1 | 1,960,800 | 72,190 | |
Pets at Home Group PLC | 11,411,100 | 71,822 | |
MakeMyTrip, Ltd., non-registered shares1 | 2,552,181 | 70,721 | |
Xometry, Inc., Class A1,6 | 1,378,500 | 70,648 | |
Norwegian Cruise Line Holdings, Ltd.1,6 | 3,397,628 | 70,467 | |
RVRC Holding AB2 | 6,034,800 | 69,924 | |
Golden Entertainment, Inc.1 | 1,368,200 | 69,135 | |
Jumbo SA | 4,771,161 | 68,443 | |
Skechers USA, Inc., Class A1 | 1,550,000 | 67,270 | |
Six Flags Entertainment Corp.1 | 1,514,000 | 64,466 | |
B&M European Value Retail SA | 7,408,252 | 63,574 | |
Bright Horizons Family Solutions, Inc.1 | 472,199 | 59,440 | |
MADE.com Group PLC1,2,6 | 31,119,580 | 58,971 | |
Toll Brothers, Inc. | 812,633 | 58,827 | |
M.D.C. Holdings, Inc. | 1,044,930 | 58,338 | |
Traeger, Inc.1,6 | 4,702,640 | 57,184 | |
Cairn Homes PLC2 | 43,970,000 | 56,659 | |
Bike24 Holding AG1,2,6 | 3,179,229 | 56,067 | |
Tongcheng Travel Holdings, Ltd.1 | 30,072,200 | 55,690 | |
Cavco Industries, Inc.1 | 170,870 | 54,277 | |
Polaris, Inc. | 485,000 | 53,306 |
SMALLCAP World Fund — Page 8 of 29
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
D.R. Horton, Inc. | 490,000 | $53,140 | |
ASOS PLC1 | 1,607,415 | 52,021 | |
OneSpaWorld Holdings, Ltd.1,2 | 5,122,255 | 51,325 | |
Macy’s, Inc. | 1,900,000 | 49,742 | |
Darden Restaurants, Inc. | 303,300 | 45,689 | |
ThredUp Inc., Class A1,6 | 3,563,000 | 45,464 | |
POYA International Co., Ltd. | 2,879,392 | 44,075 | |
Westwing Group AG, non-registered shares1,2,6 | 1,672,317 | 42,153 | |
Flutter Entertainment PLC1 | 259,095 | 41,002 | |
Brunello Cucinelli SpA1 | 576,000 | 39,806 | |
PowerSchool Holdings, Inc., Class A1 | 2,372,258 | 39,071 | |
Victoria PLC1 | 2,388,000 | 38,787 | |
OneWater Marine, Inc., Class A1 | 633,146 | 38,603 | |
Beazer Homes USA, Inc.1,2 | 1,659,813 | 38,541 | |
Countryside Properties PLC1 | 6,171,600 | 37,591 | |
Caesars Entertainment, Inc.1 | 400,000 | 37,412 | |
Chervon Holdings, Ltd.1 | 4,848,300 | 36,001 | |
Compagnie Plastic Omnium SA | 1,348,533 | 35,097 | |
Gentherm, Inc.1 | 400,500 | 34,803 | |
AcadeMedia AB2 | 5,658,097 | 34,752 | |
Trainline PLC1 | 9,163,000 | 34,603 | |
LGI Homes, Inc.1 | 216,880 | 33,504 | |
Graham Holdings Co., Class B | 50,000 | 31,491 | |
International Game Technology PLC | 1,082,000 | 31,281 | |
Melco International Development, Ltd.1 | 25,076,000 | 30,583 | |
Lojas Quero-Quero SA2 | 14,974,560 | 30,084 | |
JOANN, Inc.2,6 | 2,729,250 | 28,330 | |
Elior Group SA1 | 3,719,000 | 26,950 | |
Gourmet Master Co., Ltd. | 6,538,000 | 26,585 | |
Installed Building Products, Inc. | 189,361 | 26,458 | |
Shoei Co., Ltd. | 665,200 | 26,196 | |
Purple Innovation, Inc., Class A1 | 1,950,000 | 25,877 | |
MGM China Holdings, Ltd.1 | 41,858,248 | 25,391 | |
Mazda Motor Corp.1 | 3,264,000 | 25,112 | |
Jamna Auto Industries, Ltd. | 17,988,741 | 24,962 | |
SiteMinder, Ltd.1 | 5,022,979 | 24,704 | |
Vail Resorts, Inc. | 71,000 | 23,281 | |
Americanas SA, ordinary nominative shares1 | 3,985,121 | 22,594 | |
Alpen Co., Ltd.6 | 1,130,000 | 20,983 | |
Del Taco Restaurants, Inc. | 1,679,288 | 20,907 | |
Central Automotive Products, Ltd. | 787,200 | 20,346 | |
Leifheit AG, non-registered shares6 | 472,000 | 19,775 | |
Roland Corp.6 | 530,600 | 18,128 | |
Allbirds, Inc., Class A1,6 | 1,200,000 | 18,096 | |
Nordstrom, Inc.1,6 | 760,000 | 17,191 | |
Desenio Group AB1,6 | 6,307,104 | 16,933 | |
Zhongsheng Group Holdings, Ltd. | 2,121,500 | 16,542 | |
DPC Dash, Ltd.1,3,4,7 | 2,158,273 | 15,000 | |
Westlife Development, Ltd.1 | 1,928,968 | 14,593 | |
StockX, Inc.1,3,4,7 | 161,790 | 14,561 | |
Chegg, Inc.1 | 447,500 | 13,738 | |
Puuilo OYJ1 | 1,271,372 | 13,534 | |
Aramark | 356,556 | 13,139 | |
Sweetgreen, Inc., Class A1,6 | 400,000 | 12,800 | |
Relaxo Footwears, Ltd. | 713,900 | 12,614 |
SMALLCAP World Fund — Page 9 of 29
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Goodyear Tire & Rubber Co. (USA)1 | 558,712 | $11,912 | |
Cazoo Group, Ltd., Class A1 | 1,882,109 | 11,349 | |
Fox Factory Holding Corp.1 | 61,853 | 10,521 | |
The Original BARK Co.1,6 | 2,350,000 | 9,917 | |
Royal Caribbean Cruises, Ltd.1 | 78,017 | 6,000 | |
Strategic Education, Inc. | 74,969 | 4,336 | |
Bloomberry Resorts Corp.1 | 33,894,100 | 4,188 | |
China Zenix Auto International, Ltd. (ADR)1 | 2,152,000 | 2,044 | |
Lojas Americanas SA, ordinary nominative shares | 1,232,000 | 1,307 | |
BNN Technology PLC1,2,3,7 | 19,007,000 | —8 | |
13,462,284 | |||
Health care 15.46% | |||
Insulet Corp.1 | 2,884,282 | 767,421 | |
Molina Healthcare, Inc.1 | 2,407,600 | 765,809 | |
Biohaven Pharmaceutical Holding Co., Ltd.1 | 3,190,163 | 439,636 | |
PolyPeptide Group AG1,2 | 2,587,047 | 388,966 | |
Agilon Health, Inc.1,6 | 13,114,300 | 354,086 | |
DexCom, Inc.1 | 552,500 | 296,665 | |
Vitrolife AB | 4,669,000 | 289,352 | |
Amplifon SpA | 5,286,500 | 285,586 | |
Centene Corp.1 | 3,437,674 | 283,264 | |
NovoCure, Ltd.1 | 3,621,597 | 271,909 | |
Genus PLC2 | 3,490,701 | 233,312 | |
Pacific Biosciences of California, Inc.1 | 10,466,766 | 214,150 | |
AddLife AB, Class B | 4,730,659 | 199,672 | |
Bachem Holding AG, Class B | 242,844 | 190,821 | |
Notre Dame Intermédica Participações SA | 17,145,129 | 185,765 | |
Max Healthcare Institute, Ltd.1 | 30,410,608 | 181,190 | |
CanSino Biologics, Inc., Class H1,6 | 7,629,804 | 176,323 | |
Legend Biotech Corp. (ADR)1,6 | 3,689,400 | 171,963 | |
Penumbra, Inc.1 | 508,744 | 146,172 | |
GVS SpA2 | 11,974,065 | 143,823 | |
Pharmaron Beijing Co., Ltd., Class H | 9,308,000 | 143,603 | |
Integra LifeSciences Holdings Corp.1 | 2,128,347 | 142,578 | |
CONMED Corp. | 977,447 | 138,563 | |
Amvis Holdings, Inc.2 | 2,931,500 | 134,814 | |
Metropolis Healthcare, Ltd.2 | 2,891,114 | 133,826 | |
Nevro Corp.1 | 1,612,464 | 130,722 | |
ICON PLC1 | 411,406 | 127,412 | |
Ultragenyx Pharmaceutical, Inc.1 | 1,460,393 | 122,804 | |
BICO Group AB, Class B1,2,6 | 3,928,878 | 120,785 | |
Laurus Labs, Ltd. | 16,513,500 | 119,715 | |
Arjo AB, Class B | 9,732,644 | 119,340 | |
Silk Road Medical, Inc.1,2 | 2,774,630 | 118,227 | |
Tandem Diabetes Care, Inc.1 | 778,500 | 117,180 | |
Medmix AG1,2 | 2,240,689 | 111,051 | |
Globus Medical, Inc., Class A1 | 1,508,145 | 108,888 | |
AbCellera Biologics, Inc.1,6 | 7,608,295 | 108,799 | |
Shockwave Medical, Inc.1 | 585,000 | 104,323 | |
Xenon Pharmaceuticals, Inc.1,2 | 3,330,700 | 104,051 | |
Gland Pharma, Ltd.1 | 1,970,452 | 102,440 | |
Surgical Science Sweden AB1,2 | 3,271,137 | 101,904 | |
Shandong Pharmaceutical Glass Co., Ltd., Class A | 14,613,776 | 100,660 | |
Inari Medical, Inc.1,6 | 1,096,358 | 100,065 |
SMALLCAP World Fund — Page 10 of 29
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Health Catalyst, Inc.1 | 2,480,300 | $98,269 | |
Pulmonx Corp.1,2,6 | 2,754,500 | 88,337 | |
Addus HomeCare Corp.1,2 | 938,900 | 87,796 | |
iRhythm Technologies, Inc.1 | 740,000 | 87,091 | |
Revance Therapeutics, Inc.1,2 | 5,257,630 | 85,804 | |
Ocumension Therapeutics1,2,6 | 37,692,000 | 84,592 | |
Carl Zeiss Meditec AG, non-registered shares | 368,406 | 77,532 | |
Haemonetics Corp.1 | 1,430,875 | 75,894 | |
CompuGroup Medical SE & Co. KGaA | 922,800 | 74,751 | |
Antares Vision SpA1,2,6 | 5,278,008 | 71,507 | |
Inhibrx, Inc.1,6 | 1,631,547 | 71,250 | |
Exact Sciences Corp.1 | 890,000 | 69,269 | |
Mani, Inc. | 4,874,304 | 67,587 | |
Amedisys, Inc.1 | 410,699 | 66,484 | |
Hutchmed China, Ltd. (ADR)1 | 1,350,035 | 47,359 | |
Hutchmed China, Ltd.1,6 | 2,554,000 | 18,572 | |
Brii Biosciences, Ltd.1,3,5 | 12,989,542 | 51,518 | |
Brii Biosciences, Ltd.1 | 3,225,000 | 13,607 | |
Asahi Intecc Co., Ltd. | 2,946,600 | 63,297 | |
Cano Health, Inc.1,6 | 7,026,834 | 62,609 | |
Alignment Healthcare, Inc.1 | 4,400,000 | 61,864 | |
New Frontier Health Corp., Class A1,6 | 5,286,844 | 60,587 | |
Vir Biotechnology, Inc.1 | 1,434,538 | 60,064 | |
Natera, Inc.1 | 643,000 | 60,050 | |
Novavax, Inc.1 | 411,000 | 58,802 | |
Poly Medicure, Ltd. | 4,511,022 | 58,133 | |
Angelalign Technology, Inc.1,6 | 1,796,000 | 57,444 | |
Zentalis Pharmaceuticals, Inc.1 | 683,000 | 57,413 | |
New Horizon Health, Ltd.1,6 | 19,889,335 | 56,371 | |
Fisher & Paykel Healthcare Corp., Ltd. | 2,510,000 | 56,318 | |
Twist Bioscience Corp.1 | 704,000 | 54,483 | |
Zealand Pharma A/S1,2,6 | 2,449,778 | 54,418 | |
Zai Lab, Ltd. (ADR)1 | 829,505 | 52,134 | |
Fate Therapeutics, Inc.1 | 858,000 | 50,202 | |
Revenio Group OYJ, non-registered shares | 792,790 | 50,139 | |
TG Therapeutics, Inc.1 | 2,450,200 | 46,554 | |
Hikma Pharmaceuticals PLC | 1,521,400 | 45,696 | |
KRKA, dd, Novo mesto | 335,262 | 45,040 | |
Medlive Technology Co., Ltd.1 | 12,905,000 | 45,016 | |
SKAN Group AG1 | 462,566 | 44,977 | |
Oak Street Health, Inc.1,6 | 1,293,500 | 42,867 | |
FIGS, Inc., Class A1,6 | 1,553,300 | 42,809 | |
Nakanishi, Inc. | 2,255,800 | 41,535 | |
Guardant Health, Inc.1 | 409,500 | 40,958 | |
NuVasive, Inc.1,6 | 766,000 | 40,200 | |
Adaptive Biotechnologies Corp.1 | 1,407,980 | 39,508 | |
CRISPR Therapeutics AG1 | 495,405 | 37,542 | |
Syneos Health, Inc., Class A1 | 353,500 | 36,297 | |
Certara, Inc.1 | 1,254,554 | 35,654 | |
Virbac SA1 | 73,600 | 35,570 | |
Jacobio Pharmaceuticals Group Co., Ltd.1,6 | 18,436,500 | 34,284 | |
Definitive Healthcare Corp., Class A1,6 | 1,250,000 | 34,162 | |
Guangzhou Kingmed Diagnostics Group Co., Ltd., Class A | 1,949,981 | 34,075 | |
Medacta Group SA1 | 216,959 | 33,811 | |
Glaukos Corp.1 | 750,322 | 33,344 |
SMALLCAP World Fund — Page 11 of 29
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Cue Health, Inc.1,6 | 2,375,000 | $31,849 | |
Precision BioSciences, Inc.1,2 | 4,269,000 | 31,591 | |
Seer, Inc., Class A1,6 | 1,370,000 | 31,250 | |
Revolution Medicines, Inc.1 | 1,228,000 | 30,909 | |
Sosei Group Corp.1 | 1,859,500 | 30,779 | |
Rubius Therapeutics, Inc.1 | 3,167,396 | 30,660 | |
Hypera SA, ordinary nominative shares | 5,957,283 | 30,236 | |
Adaptimmune Therapeutics PLC (ADR)1,2,6 | 8,002,700 | 30,010 | |
Sysmex Corp. | 220,300 | 29,781 | |
Hikal, Ltd. | 4,140,000 | 29,336 | |
Editas Medicine, Inc.1 | 1,100,000 | 29,205 | |
Cellectis SA (ADR)1,2,6 | 2,467,054 | 20,032 | |
Cellectis SA, non-registered shares1,2 | 1,079,240 | 9,142 | |
Incyte Corp.1 | 396,000 | 29,066 | |
Encompass Health Corp. | 443,400 | 28,936 | |
Classys, Inc. | 1,829,323 | 28,931 | |
Dechra Pharmaceuticals PLC | 398,000 | 28,686 | |
Acerta Pharma BV1,3,4,7 | 195,556,815 | 28,414 | |
CellaVision AB, non-registered shares | 789,300 | 28,406 | |
Ambu AS, Class B, non-registered shares6 | 1,070,500 | 28,352 | |
Oncoclinicas do Brasil Servicos Medicos SA1 | 12,101,800 | 24,443 | |
Genomma Lab Internacional, SAB de CV, Series B | 23,292,475 | 24,435 | |
Alnylam Pharmaceuticals, Inc.1 | 137,700 | 23,351 | |
Creo Medical Group PLC1,2 | 11,533,623 | 23,261 | |
Nordhealth AS, Class A1,2 | 5,120,000 | 23,255 | |
Chemed Corp. | 42,000 | 22,220 | |
Hangzhou Tigermed Consulting Co., Ltd., Class A | 1,090,535 | 21,868 | |
Olink Holding AB (ADR)1,6 | 1,177,156 | 21,424 | |
HBM Holdings, Ltd.1 | 20,876,000 | 20,749 | |
Phreesia, Inc.1 | 480,950 | 20,036 | |
Quantum-SI, Inc., Class A1 | 2,500,000 | 19,675 | |
CM Hospitalar SA | 5,671,671 | 19,214 | |
Fleury SA, ordinary nominative shares | 5,540,900 | 17,896 | |
Applied Molecular Transport, Inc.1,6 | 1,205,300 | 16,850 | |
OdontoPrev SA, ordinary nominative shares | 6,925,700 | 15,667 | |
Autolus Therapeutics PLC (ADR)1,6 | 2,955,806 | 15,341 | |
Genetron Holdings, Ltd. (ADR)1,6 | 2,423,471 | 14,783 | |
Allogene Therapeutics, Inc.1 | 975,598 | 14,556 | |
Global Blood Therapeutics, Inc.1 | 467,520 | 13,684 | |
Gracell Biotechnologies, Inc., Class A (ADR)1,6 | 2,082,916 | 12,581 | |
Scholar Rock Holding Corp.1,6 | 475,000 | 11,799 | |
Diagnósticos da América SA | 1,728,463 | 10,470 | |
Karuna Therapeutics, Inc.1 | 78,600 | 10,297 | |
Adagene, Inc. (ADR)1 | 1,137,532 | 9,112 | |
ChemoMetec A/S1 | 70,910 | 9,043 | |
Kronos Bio, Inc.1,6 | 600,000 | 8,154 | |
IO Biotech, Inc.1 | 1,235,000 | 8,114 | |
PetIQ, Inc., Class A1,6 | 351,000 | 7,971 | |
KRY International AB, Series A1,3,4,7 | 19,744 | 7,913 | |
Pacific Edge, Ltd.1 | 8,703,703 | 7,884 | |
Galapagos NV1 | 139,195 | 7,800 | |
Sana Biotechnology, Inc.1 | 426,000 | 6,594 | |
Cronos Group, Inc.1 | 1,585,000 | 6,240 | |
BONESUPPORT HOLDING AB1 | 1,200,000 | 5,843 | |
Bausch Health Companies, Inc.1 | 200,000 | 5,522 |
SMALLCAP World Fund — Page 12 of 29
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Acutus Medical, Inc.1,2,6 | 1,600,000 | $5,456 | |
Cortexyme, Inc.1,6 | 417,382 | 5,267 | |
Implantica AG, Class A (SDR)1 | 700,000 | 5,035 | |
Intervacc AB1 | 850,000 | 5,004 | |
Privia Health Group, Inc.1 | 189,470 | 4,902 | |
Schrodinger, Inc.1 | 137,750 | 4,798 | |
IN8bio, Inc.1,6 | 800,000 | 3,512 | |
Nanoform Finland PLC1 | 204,458 | 1,532 | |
Menicon Co., Ltd. | 28,100 | 831 | |
12,709,034 | |||
Financials 9.26% | |||
Trupanion, Inc.1,2 | 3,213,692 | 424,304 | |
Ares Management Corp., Class A | 5,174,776 | 420,554 | |
SVB Financial Group1 | 606,500 | 411,353 | |
Bridgepoint Group PLC1 | 40,745,610 | 271,896 | |
East West Bancorp, Inc. | 3,044,577 | 239,547 | |
First Republic Bank | 1,141,825 | 235,798 | |
Janus Henderson Group PLC | 5,503,741 | 230,827 | |
Aavas Financiers, Ltd.1,2 | 6,311,980 | 222,134 | |
Marqeta, Inc., Class B1 | 11,068,797 | 190,051 | |
Focus Financial Partners, Inc., Class A1 | 3,125,383 | 186,648 | |
Essent Group, Ltd. | 3,943,800 | 179,561 | |
RenaissanceRe Holdings, Ltd. | 1,058,600 | 179,253 | |
Live Oak Bancshares, Inc. | 2,035,893 | 177,713 | |
Goosehead Insurance, Inc., Class A | 1,326,472 | 172,547 | |
SouthState Corp. | 2,099,211 | 168,168 | |
AU Small Finance Bank, Ltd.1 | 11,857,100 | 165,330 | |
Independent Bank Group, Inc.2 | 2,213,646 | 159,715 | |
Eurobank Ergasias Services and Holdings SA1 | 146,321,182 | 148,495 | |
Seacoast Banking Corporation of Florida2 | 4,106,901 | 145,343 | |
Enstar Group, Ltd.1 | 549,500 | 136,051 | |
Capitec Bank Holdings, Ltd. | 983,153 | 125,851 | |
Cholamandalam Investment and Finance Co., Ltd. | 17,582,421 | 123,089 | |
Western Alliance Bancorporation | 1,100,128 | 118,429 | |
TCS Group Holding PLC (GDR) | 1,334,228 | 112,502 | |
TCS Group Holding PLC (GDR)5 | 31,700 | 2,673 | |
Stifel Financial Corp. | 1,477,350 | 104,035 | |
Radian Group, Inc. | 4,910,751 | 103,764 | |
AJ Bell PLC | 18,325,000 | 94,106 | |
Patria Investments, Ltd., Class A2 | 5,703,834 | 92,402 | |
Banca Generali SpA6 | 1,901,174 | 83,874 | |
IIFL Wealth Management, Ltd. | 4,379,654 | 83,642 | |
StepStone Group, Inc., Class A | 1,853,600 | 77,054 | |
IIFL Finance, Ltd.1,2 | 19,671,937 | 73,939 | |
TMX Group, Ltd. | 699,000 | 70,870 | |
Silvergate Capital Corp., Class A1 | 463,210 | 68,648 | |
Canara Bank1 | 24,608,776 | 66,193 | |
Valley National Bancorp | 4,567,000 | 62,796 | |
Indian Energy Exchange, Ltd. | 18,000,000 | 61,214 | |
SiriusPoint, Ltd.1 | 7,500,000 | 60,975 | |
Euronext NV | 585,333 | 60,809 | |
The Bank of N.T. Butterfield & Son, Ltd. | 1,550,000 | 59,070 | |
PacWest Bancorp | 1,220,000 | 55,107 | |
Multi Commodity Exchange of India, Ltd. | 2,540,000 | 54,083 |
SMALLCAP World Fund — Page 13 of 29
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) | |
National Bank of Greece SA1 | 16,149,600 | $53,909 | |
Antin Infrastructure Partners SA1 | 1,309,884 | 51,450 | |
VZ Holding AG | 465,000 | 49,909 | |
Upstart Holdings, Inc.1 | 312,635 | 47,302 | |
Webster Financial Corp. | 843,652 | 47,110 | |
NMI Holdings, Inc.1 | 2,147,927 | 46,932 | |
Kinsale Capital Group, Inc. | 193,113 | 45,940 | |
Hamilton Lane Inc., Class A | 442,970 | 45,901 | |
Moelis & Co., Class A | 719,000 | 44,945 | |
Bolsa Mexicana de Valores, SAB de CV, Series A | 23,540,000 | 44,745 | |
MGIC Investment Corp. | 3,101,550 | 44,724 | |
Pine Labs Pte., Ltd.1,3,4,7 | 76,998 | 44,571 | |
Nova Ljubljanska Banka dd (GDR) | 2,360,226 | 40,441 | |
Korea Investment Holdings Co., Ltd. | 590,280 | 40,072 | |
Victory Capital Holdings, Inc., Class A | 1,016,000 | 37,114 | |
PT Bank Raya Indonesia Tbk1 | 290,419,767 | 36,882 | |
EFG International AG | 4,814,800 | 36,724 | |
AssetMark Financial Holdings, Inc.1 | 1,350,000 | 35,383 | |
City Union Bank, Ltd. | 19,531,129 | 35,378 | |
ICICI Securities, Ltd. | 3,293,062 | 35,074 | |
Umpqua Holdings Corp. | 1,785,500 | 34,353 | |
Redwood Trust, Inc. REIT | 2,562,000 | 33,793 | |
Artisan Partners Asset Management, Inc., Class A | 705,000 | 33,586 | |
Alpha Services and Holdings SA1 | 24,447,000 | 29,976 | |
Hilltop Holdings, Inc. | 850,000 | 29,869 | |
Qualitas Controladora, SAB de CV1 | 5,618,000 | 28,505 | |
Uzabase, Inc.1,2 | 2,145,100 | 27,413 | |
BOK Financial Corp. | 250,368 | 26,411 | |
Linc AB1,6 | 2,358,208 | 25,982 | |
eGuarantee, Inc. | 1,268,348 | 25,515 | |
Hiscox, Ltd. | 2,060,606 | 24,009 | |
Aptus Value Housing Finance India, Ltd.1 | 5,246,052 | 23,988 | |
The Tel Aviv Stock Exchange, Ltd. | 4,312,024 | 23,287 | |
Funding Circle Holdings PLC1 | 14,713,073 | 22,305 | |
Open Lending Corp.1 | 783,641 | 17,616 | |
Hellenic Exchanges-Athens Stock Exchange SA2 | 3,500,000 | 14,783 | |
SBI Holdings, Inc. | 505,000 | 13,763 | |
AUB Group, Ltd.1 | 644,026 | 12,070 | |
HDFC Asset Management Co., Ltd. | 319,780 | 10,523 | |
Discovery, Ltd.1 | 899,883 | 8,108 | |
7,610,774 | |||
Consumer staples 3.50% | |||
Emmi AG2 | 318,222 | 375,776 | |
Simply Good Foods Co., Class A1,2 | 7,024,500 | 292,008 | |
Ocado Group PLC1 | 10,398,813 | 236,184 | |
Grocery Outlet Holding Corp.1,2 | 7,673,486 | 217,006 | |
Fever-Tree Drinks PLC | 4,642,000 | 169,960 | |
Raia Drogasil SA, ordinary nominative shares | 28,750,000 | 125,426 | |
Freshpet, Inc.1 | 1,300,096 | 123,860 | |
Shop Apotheke Europe NV, non-registered shares1,6 | 870,557 | 112,295 | |
Monde Nissin Corp.1 | 350,959,960 | 111,498 | |
Milbon Co., Ltd.2 | 2,238,800 | 110,938 | |
BJ’s Wholesale Club Holdings, Inc.1 | 1,455,608 | 97,482 | |
AAK AB | 3,713,609 | 80,263 |
SMALLCAP World Fund — Page 14 of 29
unaudited
Common stocks (continued) Consumer staples (continued) | Shares | Value (000) | |
Kotobuki Spirits Co., Ltd. | 1,310,400 | $62,769 | |
Sovos Brands, Inc.1 | 3,975,000 | 59,824 | |
Hilton Food Group PLC | 3,672,267 | 56,665 | |
Dole PLC6 | 4,209,699 | 56,073 | |
Nu Skin Enterprises, Inc., Class A | 1,100,000 | 55,825 | |
United Spirits, Ltd.1 | 4,506,665 | 54,457 | |
Vector Group, Ltd. | 3,971,496 | 45,593 | |
Performance Food Group Co.1 | 928,000 | 42,586 | |
COSMOS Pharmaceutical Corp. | 287,909 | 42,374 | |
Jonjee Hi-Tech Industrial and Commercial Holding Co., Ltd., Class A | 6,624,986 | 39,469 | |
Varun Beverages, Ltd. | 2,973,313 | 35,531 | |
Bakkafrost P/F | 517,500 | 34,294 | |
BidCorp, Ltd. | 1,640,857 | 33,613 | |
Zur Rose Group AG1,6 | 127,980 | 33,076 | |
Fresh Del Monte Produce, Inc. | 1,028,000 | 28,373 | |
Avenue Supermarts, Ltd.1 | 417,313 | 26,225 | |
Sok Marketler Ticaret AS, non-registered shares | 27,025,951 | 25,966 | |
Hostess Brands, Inc., Class A1 | 1,010,000 | 20,624 | |
PZ Cussons PLC | 6,017,310 | 16,737 | |
Century Pacific Food, Inc. | 25,901,000 | 14,857 | |
Nomad Foods, Ltd.1 | 500,000 | 12,695 | |
Scandinavian Tobacco Group A/S | 447,913 | 9,415 | |
Icelandic Salmon AS1,6 | 515,000 | 8,655 | |
Beyond Meat, Inc.1,6 | 73,395 | 4,782 | |
2,873,174 | |||
Materials 2.60% | |||
Navin Fluorine International, Ltd.2 | 3,568,598 | 201,075 | |
APL Apollo Tubes, Ltd.2 | 14,793,090 | 198,964 | |
Perimeter Solutions SA1,2 | 13,239,051 | 183,890 | |
CCL Industries, Inc., Class B, nonvoting shares | 2,262,200 | 121,305 | |
LANXESS AG | 1,732,555 | 107,502 | |
JCU Corp.2 | 2,174,900 | 103,423 | |
Nanofilm Technologies International, Ltd.2 | 34,620,100 | 98,137 | |
PI Industries, Ltd. | 2,223,929 | 90,775 | |
Summit Materials, Inc., Class A1 | 2,011,320 | 80,734 | |
Alcoa Corp. | 1,260,000 | 75,071 | |
H.B. Fuller Co. | 866,200 | 70,162 | |
Lundin Mining Corp. | 8,514,400 | 66,502 | |
MMG, Ltd.1 | 190,768,000 | 61,163 | |
Re:NewCell AB1,2,6 | 2,462,272 | 59,839 | |
Diversey Holdings, Ltd.1 | 4,199,000 | 55,889 | |
ACC, Ltd. | 1,750,000 | 52,163 | |
Vidrala, SA, non-registered shares | 502,250 | 49,519 | |
SSR Mining, Inc.6 | 2,445,000 | 43,277 | |
Yamana Gold, Inc.6 | 8,881,000 | 37,478 | |
Allegheny Technologies, Inc.1 | 2,303,602 | 36,696 | |
Croda International PLC | 267,795 | 36,682 | |
Aluflexpack AG1,2,6 | 1,309,666 | 34,495 | |
Asia Cuanon Technology (Shanghai) Co., Ltd., Class A1 | 7,623,132 | 30,776 | |
Arkema SA | 197,500 | 27,848 | |
Berger Paints India, Ltd. | 2,500,993 | 25,965 | |
Deepak Fertilisers & Petrochemicals Corp., Ltd.1 | 4,539,000 | 22,745 | |
Vinati Organics, Ltd. | 841,000 | 22,492 | |
Indigo Paints, Ltd.1 | 775,100 | 22,217 |
SMALLCAP World Fund — Page 15 of 29
unaudited
Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Sandstorm Gold, Ltd.1,6 | 3,577,197 | $22,179 | |
Venator Materials PLC1,2 | 8,519,540 | 21,640 | |
Danimer Scientific, Inc., Class A1,6 | 2,074,887 | 17,678 | |
Origin Materials, Inc., Class A1 | 2,500,000 | 16,125 | |
Fuso Chemical Co., Ltd. | 253,100 | 10,682 | |
Gerdau SA (ADR) | 2,011,500 | 9,897 | |
Shandong Sinocera Functional Material Co., Ltd., Class A | 949,821 | 6,344 | |
Gulf Oil Lubricants India, Ltd. | 896,789 | 5,443 | |
Carbios SA1,6 | 112,993 | 4,809 | |
Humble Group AB1 | 435,201 | 1,349 | |
2,132,930 | |||
Communication services 2.35% | |||
Iridium Communications, Inc.1 | 4,308,395 | 177,894 | |
Iridium Communications, Inc.1,5 | 636,132 | 26,266 | |
JCDecaux SA1 | 7,746,383 | 194,024 | |
New York Times Co., Class A | 3,477,638 | 167,970 | |
Bandwidth, Inc., Class A1 | 2,008,603 | 144,137 | |
Nordic Entertainment Group AB, Class B1 | 2,663,433 | 138,297 | |
Yandex NV, Class A1 | 1,530,000 | 92,565 | |
DIP Corp. | 2,401,400 | 81,731 | |
JOYY, Inc., Class A (ADR) | 1,782,000 | 80,956 | |
Lions Gate Entertainment Corp., Class B1 | 5,036,319 | 77,509 | |
Nextdoor Holdings, Inc., Class A1,6 | 5,000,000 | 39,450 | |
Nextdoor Holdings, Inc., Class B1,3,5 | 4,697,393 | 32,615 | |
YouGov PLC | 3,323,794 | 71,983 | |
Ubisoft Entertainment SA1 | 949,701 | 46,569 | |
Pearson PLC1 | 5,530,000 | 45,899 | |
Cable One, Inc. | 25,321 | 44,652 | |
Ascential PLC1 | 7,219,000 | 39,320 | |
4imprint Group PLC | 918,235 | 35,049 | |
CTS Eventim AG & Co. KGaA1 | 471,400 | 34,541 | |
Zee Entertainment Enterprises, Ltd. | 7,932,200 | 34,232 | |
Tata Communications, Ltd. | 1,725,254 | 33,988 | |
Direct Marketing MIX, Inc.2 | 2,339,600 | 33,865 | |
Trustpilot AS1 | 7,434,434 | 32,946 | |
Devolver Digital, Inc.1 | 11,379,360 | 31,421 | |
VTEX, Class A1,6 | 2,881,800 | 30,893 | |
Paradox Interactive AB6 | 1,473,435 | 29,106 | |
Pebble Group PLC1,2 | 13,396,071 | 22,665 | |
Huuuge, Inc.1,6 | 2,977,596 | 18,549 | |
PLAYSTUDIOS, Inc., Class A1 | 4,500,000 | 17,775 | |
MTN Group, Ltd.1 | 1,458,066 | 15,620 | |
Frontier Communications Parent, Inc.1 | 439,057 | 12,948 | |
Bengo4.com, Inc.1,6 | 241,100 | 12,764 | |
Bambuser AB1,6 | 6,920,149 | 12,437 | |
Boat Rocker Media, Inc.1 | 2,103,504 | 11,474 | |
Hemnet Group AB1 | 497,757 | 9,216 | |
1,931,326 | |||
Real estate 1.65% | |||
DigitalBridge Group, Inc. REIT, Class A1,2 | 28,570,127 | 237,989 | |
Altus Group, Ltd.2 | 3,568,988 | 200,238 | |
CIFI Ever Sunshine Services Group, Ltd. | 83,935,000 | 130,032 | |
Embassy Office Parks REIT | 22,010,000 | 100,561 |
SMALLCAP World Fund — Page 16 of 29
unaudited
Common stocks (continued) Real estate (continued) | Shares | Value (000) | |
K-Fast Holding AB, Class B1,2 | 9,796,068 | $94,316 | |
SRE Holdings Corp.1,2 | 1,216,428 | 76,774 | |
Concentradora Fibra Danhos REIT, SA de CV | 57,954,482 | 65,383 | |
Samhallsbyggnadsbolaget i Norden AB, Class B | 7,264,000 | 53,394 | |
JHSF Participações SA2 | 46,022,472 | 46,105 | |
MGM Growth Properties LLC REIT, Class A | 1,000,000 | 40,850 | |
Mindspace Business Parks REIT | 9,000,000 | 39,627 | |
FirstService Corp. | 200,000 | 39,306 | |
Macrotech Developers, Ltd.1 | 2,331,038 | 38,682 | |
Zillow Group, Inc., Class C, nonvoting shares1,6 | 525,000 | 33,521 | |
Genova Property Group AB1,2 | 2,126,731 | 32,667 | |
Douglas Emmett, Inc. REIT | 910,000 | 30,485 | |
Vacasa, Inc., Class A1,3,5 | 3,421,053 | 26,755 | |
Vacasa, Inc., Class A1 | 249,503 | 2,076 | |
Real Matters, Inc.1,2 | 4,373,367 | 28,696 | |
Douglas Elliman, Inc.1 | 1,985,748 | 22,836 | |
Shimao Services Holdings, Ltd. | 16,829,000 | 11,698 | |
Americold Realty Trust REIT | 217,800 | 7,142 | |
1,359,133 | |||
Energy 1.24% | |||
Coterra Energy, Inc. | 7,912,776 | 150,343 | |
Northern Oil and Gas, Inc.2 | 6,054,000 | 124,591 | |
Pioneer Natural Resources Company | 629,255 | 114,449 | |
New Fortress Energy, Inc., Class A6 | 4,463,000 | 107,737 | |
Chesapeake Energy Corp.6 | 1,633,404 | 105,387 | |
APA Corp. | 2,478,500 | 66,647 | |
Denbury, Inc.1 | 855,000 | 65,484 | |
Worley, Ltd. | 5,701,172 | 44,092 | |
Cactus, Inc., Class A6 | 1,149,091 | 43,815 | |
Renewable Energy Group, Inc.1 | 900,000 | 38,196 | |
Viper Energy Partners LP | 1,455,000 | 31,006 | |
Savannah Energy PLC1,2 | 96,128,672 | 29,276 | |
Equitrans Midstream Corp. | 2,736,742 | 28,298 | |
Magnolia Oil & Gas Corp., Class A | 1,323,743 | 24,979 | |
Venture Global LNG, Inc., Series C1,3,4,5,7 | 4,240 | 21,605 | |
Helmerich & Payne, Inc. | 690,600 | 16,367 | |
Diamondback Energy, Inc. | 50,000 | 5,393 | |
1,017,665 | |||
Utilities 0.38% | |||
AC Energy Corp.1 | 567,933,920 | 122,514 | |
Heliogen, Inc.1,3,5 | 5,800,000 | 81,014 | |
ENN Energy Holdings, Ltd. | 3,166,000 | 59,605 | |
Black Hills Corp. | 456,000 | 32,180 | |
Neoenergia SA | 5,959,000 | 17,331 | |
Mytrah Energy, Ltd.1,2,3,7 | 10,418,000 | 141 | |
312,785 | |||
Total common stocks (cost: $44,978,457,000) | 76,283,189 |
SMALLCAP World Fund — Page 17 of 29
unaudited
Preferred securities 1.36% Health care 0.40% | Shares | Value (000) | |
Sartorius AG, nonvoting non-registered preferred shares | 306,600 | $207,763 | |
Laronde, Inc., Series B, 6.00% preferred shares1,3,4,7 | 1,785,714 | 50,000 | |
KRY International AB, Series E, preferred shares1,3,4,7 | 114,059 | 45,713 | |
Bluestar Genomics, Inc., Series C, noncumulative preferred shares, 5.00% 20221,2,3,4,7 | 1,531,102 | 15,101 | |
Artiva Biotherapeutics, Inc., Series B, preferred shares1,3,4,7 | 636,364 | 7,000 | |
PACT Pharma, Inc., Series C, 8.00% noncumulative preferred shares1,3,4,7 | 4,397,107 | 6,156 | |
331,733 | |||
Industrials 0.38% | |||
Azul SA, preferred nominative shares (ADR)1,6 | 6,884,081 | 90,870 | |
Azul SA, preferred nominative shares1 | 771,000 | 3,372 | |
Einride AB, Series B, preferred shares1,2,3,4,7 | 1,334,588 | 63,816 | |
Einride AB, Series A, preferred shares1,2,3,4,7 | 11,990 | 573 | |
Relativity Space, Inc., Series D, preferred shares1,2,3,4,7 | 2,143,751 | 48,953 | |
Relativity Space, Inc., Series E, preferred shares1,2,3,4,7 | 464,197 | 10,600 | |
ABL Space Systems Co., Series B, preferred shares1,3,4,7 | 777,162 | 52,844 | |
WorkRise Technologies, Inc., Series E, preferred shares1,3,4,7 | 95,423 | 40,194 | |
311,222 | |||
Information technology 0.29% | |||
Patreon, Inc., Series E, preferred shares1,3,4,7 | 698,208 | 39,100 | |
Patreon, Inc., Series Seed, preferred shares1,3,4,7 | 163,096 | 9,133 | |
Outreach Corp., Series G, preferred shares1,3,4,7 | 1,554,053 | 47,228 | |
Skyryse, Inc., Series B, preferred shares1,2,3,4,7 | 1,649,110 | 40,700 | |
PsiQuantum Corp., Series D, preferred shares1,3,4,7 | 1,334,542 | 35,000 | |
Credo Technology Group Holding, Ltd., Series D, 8.00% noncumulative preferred shares1,3,4,7 | 4,005,527 | 23,253 | |
Credo Technology Group Holding, Ltd., Series D+, 8.00% noncumulative preferred shares1,3,4,7 | 744,555 | 4,322 | |
Yotpo, Ltd., Series F, preferred shares1,3,4,5,7 | 8,332,809 | 18,329 | |
Yotpo, Ltd., Series B, preferred shares1,3,4,5,7 | 1,111,347 | 2,444 | |
Yotpo, Ltd., Series C, preferred shares1,3,4,5,7 | 1,057,985 | 2,327 | |
Yotpo, Ltd., Series A-1, preferred shares1,3,4,5,7 | 709,592 | 1,561 | |
Yotpo, Ltd., Series A, preferred shares1,3,4,5,7 | 345,899 | 761 | |
Yotpo, Ltd., Series C-1, preferred shares1,3,4,5,7 | 293,302 | 645 | |
Yotpo, Ltd., Series D, preferred shares1,3,4,5,7 | 163,552 | 360 | |
Yotpo, Ltd., Series B-1, preferred shares1,3,4,5,7 | 130,625 | 287 | |
Kandou Holding SA1,3,4,7 | 2,142,857 | 15,000 | |
240,450 | |||
Consumer discretionary 0.12% | |||
Cava Group, Inc., Series F, preferred shares1,3,4,5,7 | 664,364 | 27,750 | |
Grove Collaborative, Inc., Series E, preferred shares1,3,4,7 | 2,611,018 | 27,311 | |
StockX, Inc., Series E-1, preferred shares1,3,4,7 | 222,222 | 20,000 | |
StockX, Inc., Series AA, preferred shares1,3,4,7 | 57,338 | 5,160 | |
StockX, Inc., Series B, preferred shares1,3,4,7 | 3,094 | 279 | |
Lojas Americanas SA, preferred nominative | 17,148,760 | 18,134 | |
98,634 | |||
Financials 0.11% | |||
PPRO Holding GMBS, Series B, 8.00% preferred shares1,2,3,4,7 | 13,618 | 53,381 | |
Pine Labs Pte., Ltd., Series J, cumulative preferred shares1,3,4,7 | 57,100 | 33,053 | |
86,434 |
SMALLCAP World Fund — Page 18 of 29
unaudited
Preferred securities (continued) Real estate 0.06% | Shares | Value (000) | |
QuintoAndar, Ltd., Series E-1, preferred shares1,3,4,7 | 244,733 | $50,000 | |
Total preferred securities (cost: $803,751,000) | 1,118,473 | ||
Rights & warrants 0.14% Information technology 0.11% | |||
OPT Machine Vision Tech Co., Ltd., Class A, warrants, expire 20233,5 | 2,119,100 | 93,820 | |
Foursquare Labs, Inc., warrants, expire 20331,3,4,7 | 1,163,990 | 863 | |
94,683 | |||
Consumer staples 0.03% | |||
Qingdao Richen Food Co., Ltd., Class A, warrants, expire 20223,5 | 2,415,300 | 21,601 | |
Industrials 0.00% | |||
Momentus, Inc., warrants, expire 20261 | 2,225,000 | 1,091 | |
Total rights & warrants (cost: $136,692,000) | 117,375 | ||
Convertible stocks 0.02% Information technology 0.02% | |||
RealSelf, Inc., Series C, convertible preferred shares2,3,4,7 | 3,468,862 | 21,160 | |
Total convertible stocks (cost: $19,000,000) | 21,160 | ||
Short-term securities 6.60% Money market investments 5.82% | |||
Capital Group Central Cash Fund 0.09%2,9 | 47,860,384 | 4,786,517 | |
Money market investments purchased with collateral from securities on loan 0.78% | |||
Capital Group Central Cash Fund 0.09%2,9,10 | 1,826,471 | 182,666 | |
BlackRock Liquidity Funds – FedFund, Institutional Shares 0.03%9,10 | 100,200,000 | 100,200 | |
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.02%9,10 | 90,800,000 | 90,800 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%9,10 | 84,064,218 | 84,064 | |
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 0.03%9,10 | 46,900,000 | 46,900 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%9,10 | 46,900,000 | 46,900 | |
Fidelity Investments Money Market Government Portfolio, Class I 0.01%9,10 | 43,800,000 | 43,800 | |
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 0.03%9,10 | 43,800,000 | 43,800 | |
639,130 | |||
Total short-term securities (cost: $5,425,160,000) | 5,425,647 | ||
Total investment securities 100.93% (cost: $51,363,060,000) | 82,965,844 | ||
Other assets less liabilities (0.93)% | (767,012) | ||
Net assets 100.00% | $82,198,832 |
SMALLCAP World Fund — Page 19 of 29
unaudited
Investments in affiliates2
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 12/31/2021 (000) | Dividend income (000) | |
Common stocks 23.95% | |||||||
Information technology 5.59% | |||||||
eMemory Technology, Inc. | $425,376 | $19,662 | $21,756 | $16,739 | $41,034 | $481,055 | $— |
ALTEN SA, non-registered shares | 218,256 | 104,455 | — | — | 58,921 | 381,632 | — |
Kulicke and Soffa Industries, Inc. | 277,553 | 12,063 | — | — | 12,002 | 301,618 | 847 |
Keywords Studios PLC | 237,154 | — | — | — | 3,364 | 240,518 | 57 |
Tanla Platforms, Ltd. | 112,334 | — | — | — | 120,509 | 232,843 | — |
SHIFT, Inc.1 | 281,192 | — | 45,338 | 25,921 | (29,232) | 232,543 | — |
Money Forward, Inc.1 | 235,170 | 2,293 | — | — | (36,228) | 201,235 | — |
Net One Systems Co., Ltd. | 226,584 | — | — | — | (41,173) | 185,411 | — |
Dexerials Corp. | 63,639 | 58,862 | — | — | 58,794 | 181,295 | 25 |
Network International Holdings PLC1 | 215,255 | — | — | — | (41,233) | 174,022 | — |
AvidXchange Holdings, Inc.1,3,5,6 | — | 105,844 | — | — | 15,141 | 120,985 | — |
AvidXchange Holdings, Inc.1,6 | — | 83,595 | — | — | (30,988) | 52,607 | — |
Global Unichip Corp. | 122,936 | 14,057 | — | — | 24,529 | 161,522 | — |
Megaport, Ltd.1,6 | 132,815 | — | — | — | 16,262 | 149,077 | — |
Dye & Durham, Ltd. | 121,192 | — | — | — | 11,190 | 132,382 | 111 |
Extreme Networks, Inc.1,6 | 52,435 | 37,005 | — | — | 38,636 | 128,076 | — |
Bytes Technology Group PLC | 80,157 | 22,700 | — | — | 11,078 | 113,935 | 346 |
PAR Technology Corp.1,6 | 125,429 | 6,227 | — | — | (18,725) | 112,931 | — |
Crayon Group Holding ASA1 | 75,090 | 20,990 | — | — | 6,900 | 102,980 | — |
Avaya Holdings Corp.1 | 53,532 | 39,933 | — | — | 381 | 93,846 | — |
Computer Age Management Services, Ltd. | 128,344 | — | 24,196 | 7,437 | (19,475) | 92,110 | 328 |
91APP, Inc.1 | 1,012 | 92,874 | — | — | (3,628) | 90,258 | — |
Ideagen PLC | 86,794 | — | — | — | (11,664) | 75,130 | 69 |
Softline Holding PLC (GDR)1,5 | — | 79,875 | — | — | (6,497) | 73,378 | — |
Softline Holding PLC (GDR)1 | — | 75 | — | — | (6) | 69 | — |
Appier Group, Inc.1,6 | 81,454 | — | 4,980 | (2,579) | (5,291) | 68,604 | — |
Zuken, Inc. | 59,358 | 8,218 | — | — | (7,706) | 59,870 | — |
Boku, Inc.1,5 | 53,644 | — | — | — | (8,084) | 45,560 | — |
LPKF Laser & Electronics AG, non-registered shares6 | 44,674 | — | — | — | (1,082) | 43,592 | — |
Unifiedpost Group SA1 | 50,611 | — | 841 | (498) | (8,050) | 41,222 | — |
Cherry AG1 | 52,280 | — | — | — | (12,327) | 39,953 | — |
Hennge KK1,6 | 56,060 | — | — | — | (20,376) | 35,684 | — |
SmartCraft ASA, Class A1 | 34,172 | — | — | — | (3,248) | 30,924 | — |
eCloudvalley Digital Technology Co., Ltd. | 30,937 | 6,339 | — | — | (8,565) | 28,711 | — |
Dock, Ltd.1,3,4,7 | 27,080 | — | — | — | — | 27,080 | — |
WeCommerce Holdings Ltd., Class A1,6 | — | 19,851 | — | — | 1,907 | 21,758 | — |
Smaregi, Inc.1,6 | 34,016 | — | — | — | (12,959) | 21,057 | — |
MotorK, Ltd.1,6 | — | 17,278 | — | — | 1,052 | 18,330 | — |
Bottomline Technologies (DE), Inc.1,11 | 140,399 | — | 77,573 | 9,393 | 51,580 | — | — |
EcoOnline Holding AS1,6,11 | 29,071 | — | 5,175 | (1,844) | (4,332) | — | — |
GB Group PLC11 | 125,523 | — | 28,463 | 399 | (18,167) | — | — |
Nagarro SE1,11 | 144,449 | — | 35,293 | 15,776 | 24,201 | — | — |
Netcompany Group AS, non-registered shares11 | 311,683 | — | 44,653 | 28,861 | (47,430) | — | — |
4,593,803 |
SMALLCAP World Fund — Page 20 of 29
unaudited
Investments in affiliates2 (continued)
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 12/31/2021 (000) | Dividend income (000) | |
Industrials 6.09% | |||||||
IMCD NV | $668,138 | $— | $66,805 | $36,143 | $75,422 | $712,898 | $— |
Saia, Inc.1 | 349,105 | — | — | — | 145,197 | 494,302 | — |
BayCurrent Consulting, Inc. | 624,379 | 4,801 | 13,640 | 10,289 | (150,732) | 475,097 | — |
Diploma PLC | 374,585 | — | — | — | 80,378 | 454,963 | — |
Wizz Air Holdings PLC1 | 259,859 | 110,012 | — | — | (35,819) | 334,052 | — |
Armstrong World Industries, Inc. | 205,914 | 52,665 | — | — | 48,885 | 307,464 | 550 |
Visional, Inc.1 | 186,716 | — | — | — | 59,161 | 245,877 | — |
Comfort Systems USA, Inc. | 137,040 | 20,594 | — | — | 56,708 | 214,342 | 282 |
Carel Industries SpA | 186,704 | — | — | — | 22,402 | 209,106 | — |
Boyd Group Services, Inc.6 | 237,086 | 18,462 | 17,363 | (1,441) | (35,321) | 201,423 | 144 |
Arcosa, Inc. | 176,368 | 1,717 | — | — | 8,944 | 187,029 | 177 |
Instalco AB | 158,007 | — | — | — | 8,182 | 166,189 | — |
Johns Lyng Group, Ltd.6 | 79,441 | 13,116 | — | — | 44,245 | 136,802 | — |
Japan Elevator Service Holdings Co., Ltd. | 163,396 | — | — | — | (30,812) | 132,584 | — |
Montrose Environmental Group, Inc.1 | 95,694 | 21,472 | — | — | 15,399 | 132,565 | — |
Alfen NV1,6 | 134,619 | — | — | — | (5,958) | 128,661 | — |
Marlowe PLC1,6 | 69,724 | 5,520 | — | — | 16,031 | 91,275 | — |
Sun Country Airlines Holdings, Inc.1 | 104,947 | — | — | — | (19,681) | 85,266 | — |
Interface, Inc. | 71,524 | — | — | — | 3,777 | 75,301 | 47 |
Fasadgruppen Group AB | 66,194 | — | — | — | 1,887 | 68,081 | — |
DO & CO AG, non-registered shares1,6 | 63,241 | — | — | — | 2,522 | 65,763 | — |
Pegasus Hava Tasimaciligi AS1 | 52,880 | — | — | — | (13,984) | 38,896 | — |
Barrett Business Services, Inc. | 46,577 | — | 11,557 | (137) | (4,359) | 30,524 | 183 |
Einride AB1,3,4,7 | 13,640 | — | — | — | 5,061 | 18,701 | — |
Azelio AB1,6,11 | 20,939 | — | — | — | (5,725) | — | — |
Montana Aerospace AG1,11 | 98,830 | — | — | — | 4,157 | — | — |
5,007,161 | |||||||
Consumer discretionary 4.74% | |||||||
TopBuild Corp.1 | 411,907 | — | — | — | 142,994 | 554,901 | — |
YETI Holdings, Inc.1 | 518,842 | — | — | — | (17,317) | 501,525 | — |
Helen of Troy, Ltd.1 | 433,116 | 39,397 | 35,997 | 818 | 34,543 | 471,877 | — |
Tube Investments of India, Ltd. | 288,934 | — | — | — | 75,130 | 364,064 | — |
Watches of Switzerland Group PLC1 | 153,430 | 9,154 | — | — | 80,505 | 243,089 | — |
Kindred Group PLC (SDR) | 211,253 | 31,296 | — | — | (45,533) | 197,016 | 3,622 |
Auction Technology Group PLC1 | 148,698 | 23,679 | — | — | 23,998 | 196,375 | — |
Domino’s Pizza Group PLC | 129,598 | — | — | — | 22,399 | 151,997 | — |
Everi Holdings, Inc.1 | 170,435 | — | — | — | (19,947) | 150,488 | — |
Bajaj Electricals, Ltd.1 | 126,568 | — | — | — | (1,857) | 124,711 | — |
BHG Group AB1 | 143,245 | — | — | — | (38,618) | 104,627 | — |
Porch Group, Inc.1,6 | 113,369 | — | — | — | (13,402) | 99,967 | — |
Cary Group AB1 | 79,878 | — | — | — | 13,334 | 93,212 | — |
Musti Group OYJ | 86,680 | 7,154 | — | — | (1,247) | 92,587 | — |
Snow Peak, Inc.6 | — | 66,357 | — | — | 17,982 | 84,339 | 266 |
RVRC Holding AB | 48,538 | — | — | — | 21,386 | 69,924 | 444 |
MADE.com Group PLC1,6 | 58,379 | — | — | — | 592 | 58,971 | — |
Cairn Homes PLC | 57,942 | — | — | — | (1,283) | 56,659 | — |
Bike24 Holding AG1,6 | 90,361 | — | 4,262 | 243 | (30,275) | 56,067 | — |
OneSpaWorld Holdings, Ltd.1 | 53,370 | — | 2,421 | (294) | 670 | 51,325 | — |
SMALLCAP World Fund — Page 21 of 29
unaudited
Investments in affiliates2 (continued)
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 12/31/2021 (000) | Dividend income (000) | |
Westwing Group AG, non-registered shares1,6 | $44,293 | $14,507 | $— | $— | $(16,647) | $42,153 | $— |
Beazer Homes USA, Inc.1 | 28,632 | — | — | — | 9,909 | 38,541 | — |
AcadeMedia AB | 38,581 | — | — | — | (3,829) | 34,752 | 1,098 |
Lojas Quero-Quero SA | 44,684 | — | — | — | (14,600) | 30,084 | 325 |
JOANN, Inc.6 | 30,404 | — | — | — | (2,074) | 28,330 | 273 |
BNN Technology PLC1,3,7 | —8 | — | — | — | —8 | —8 | — |
Del Taco Restaurants, Inc.11 | 20,974 | — | 8,986 | 825 | 8,094 | — | 96 |
Gourmet Master Co., Ltd.11 | 49,381 | — | 13,063 | (4,891) | (4,842) | — | — |
Purple Innovation, Inc., Class A1,11 | 80,885 | — | 17,599 | (37,460) | 51 | — | — |
zooplus AG, non-registered shares1,3,12 | 263,323 | — | 257,235 | 213,610 | (219,698) | — | — |
3,897,581 | |||||||
Health care 2.68% | |||||||
PolyPeptide Group AG1 | 306,892 | 22,443 | — | — | 59,631 | 388,966 | — |
Genus PLC | 154,518 | 100,529 | — | — | (21,735) | 233,312 | 957 |
GVS SpA | 174,811 | 12,126 | 15,991 | (1,053) | (26,070) | 143,823 | — |
Amvis Holdings, Inc. | 68,450 | 45,482 | — | — | 20,882 | 134,814 | — |
Metropolis Healthcare, Ltd. | 126,134 | — | 24,765 | 15,661 | 16,796 | 133,826 | — |
BICO Group AB, Class B1,6 | 192,639 | 33,189 | — | — | (105,043) | 120,785 | — |
Silk Road Medical, Inc.1 | 152,688 | — | — | — | (34,461) | 118,227 | — |
Medmix AG1 | 34,196 | 72,517 | — | — | 4,338 | 111,051 | — |
Xenon Pharmaceuticals, Inc.1 | 30,854 | 39,541 | — | — | 33,656 | 104,051 | — |
Surgical Science Sweden AB1 | 89,512 | — | — | — | 12,392 | 101,904 | — |
Pulmonx Corp.1,6 | 99,107 | — | — | — | (10,770) | 88,337 | — |
Addus HomeCare Corp.1 | 74,877 | — | — | — | 12,919 | 87,796 | — |
Revance Therapeutics, Inc.1 | 125,722 | 10,243 | — | — | (50,161) | 85,804 | — |
Ocumension Therapeutics1,6 | 88,719 | 1,387 | — | — | (5,514) | 84,592 | — |
Antares Vision SpA1,6 | 67,179 | — | — | — | 4,328 | 71,507 | — |
Zealand Pharma A/S1,6 | 69,352 | 1,001 | — | — | (15,935) | 54,418 | — |
Precision BioSciences, Inc.1 | 49,264 | — | — | — | (17,673) | 31,591 | — |
Adaptimmune Therapeutics PLC (ADR)1,6 | 41,374 | — | — | — | (11,364) | 30,010 | — |
Cellectis SA (ADR)1,6 | 27,923 | 2,958 | — | — | (10,849) | 20,032 | — |
Cellectis SA, non-registered shares1 | 15,170 | — | 989 | (2,333) | (2,706) | 9,142 | — |
Creo Medical Group PLC1 | 26,954 | — | — | — | (3,693) | 23,261 | — |
Nordhealth AS, Class A1 | 25,989 | — | — | — | (2,734) | 23,255 | — |
Acutus Medical, Inc.1,6 | 14,144 | — | — | — | (8,688) | 5,456 | — |
Allakos, Inc.1,12 | 401,101 | — | 173,447 | 82,236 | (309,890) | — | — |
Cortexyme, Inc.1,6,11 | 205,553 | 12,188 | 26,759 | (17,286) | (168,429) | — | — |
Mani, Inc.11 | 102,420 | — | 7,565 | (4,322) | (22,946) | — | — |
2,205,960 | |||||||
Financials 1.41% | |||||||
Trupanion, Inc.1 | 241,636 | 8,695 | 786 | 627 | 174,132 | 424,304 | — |
Aavas Financiers, Ltd.1 | 213,203 | 952 | — | — | 7,979 | 222,134 | — |
Independent Bank Group, Inc. | 157,257 | — | — | — | 2,458 | 159,715 | 797 |
Seacoast Banking Corporation of Florida | 138,854 | — | — | — | 6,489 | 145,343 | 534 |
Patria Investments, Ltd., Class A | 91,511 | 1,684 | — | — | (793) | 92,402 | 785 |
IIFL Finance, Ltd.1 | 23,507 | 54,198 | — | — | (3,766) | 73,939 | — |
Uzabase, Inc.1 | 46,409 | — | — | — | (18,996) | 27,413 | — |
Hellenic Exchanges-Athens Stock Exchange SA | 13,967 | — | — | — | 816 | 14,783 | — |
1,160,033 |
SMALLCAP World Fund — Page 22 of 29
unaudited
Investments in affiliates2 (continued)
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 12/31/2021 (000) | Dividend income (000) | |
Consumer staples 1.21% | |||||||
Emmi AG | $328,323 | $— | $— | $— | $47,453 | $375,776 | $— |
Simply Good Foods Co., Class A1 | 229,393 | 14,289 | — | — | 48,326 | 292,008 | — |
Grocery Outlet Holding Corp.1 | 127,554 | 38,847 | — | — | 50,605 | 217,006 | — |
Milbon Co., Ltd. | 112,067 | 20,343 | — | — | (21,472) | 110,938 | 644 |
995,728 | |||||||
Materials 1.10% | |||||||
Navin Fluorine International, Ltd. | 180,182 | 1,919 | 6,979 | 2,419 | 23,534 | 201,075 | 238 |
APL Apollo Tubes, Ltd. | 159,233 | 5,307 | — | — | 34,424 | 198,964 | — |
Perimeter Solutions SA1 | — | 134,835 | — | — | 49,055 | 183,890 | — |
JCU Corp. | 86,616 | — | — | — | 16,807 | 103,423 | — |
Nanofilm Technologies International, Ltd. | 105,677 | 5,265 | 4,996 | (1,060) | (6,749) | 98,137 | — |
Re:NewCell AB1,6 | 61,257 | — | — | — | (1,418) | 59,839 | — |
Aluflexpack AG1,6 | 45,884 | — | — | — | (11,389) | 34,495 | — |
Venator Materials PLC1 | 24,281 | — | — | — | (2,641) | 21,640 | — |
901,463 | |||||||
Communication services 0.07% | |||||||
Direct Marketing MIX, Inc. | 50,358 | — | 5,423 | 1,187 | (12,257) | 33,865 | 102 |
Pebble Group PLC1 | 28,975 | — | — | — | (6,310) | 22,665 | — |
56,530 | |||||||
Real estate 0.87% | |||||||
DigitalBridge Group, Inc. REIT, Class A1 | 145,014 | 33,040 | — | — | 59,935 | 237,989 | — |
Altus Group, Ltd. | 172,723 | 1,511 | — | — | 26,004 | 200,238 | 419 |
K-Fast Holding AB, Class B1 | 81,175 | — | — | — | 13,141 | 94,316 | — |
SRE Holdings Corp.1 | 82,123 | 3,768 | — | — | (9,117) | 76,774 | — |
JHSF Participações SA | 50,030 | — | — | — | (3,925) | 46,105 | 1,531 |
Genova Property Group AB1 | 28,296 | — | — | — | 4,371 | 32,667 | — |
Real Matters, Inc.1 | 50,520 | — | 11,877 | (16,822) | 6,875 | 28,696 | — |
716,785 | |||||||
Energy 0.19% | |||||||
Northern Oil and Gas, Inc. | 104,325 | 23,768 | — | — | (3,502) | 124,591 | 484 |
Savannah Energy PLC1 | 15,998 | 8,235 | — | — | 5,043 | 29,276 | — |
153,867 | |||||||
Utilities 0.00% | |||||||
Mytrah Energy, Ltd.1,3,7 | 140 | — | — | — | 1 | 141 | — |
Total common stocks | 19,689,052 | ||||||
Preferred securities 0.28% | |||||||
Health care 0.02% | |||||||
Bluestar Genomics, Inc., Series C, noncumulative preferred shares, 5.00% 20221,3,4,7 | 15,101 | — | — | — | — | 15,101 | — |
Industrials 0.15% | |||||||
Einride AB, Series B, preferred shares1,3,4,7 | 46,547 | — | — | — | 17,269 | 63,816 | — |
Einride AB, Series A, preferred shares1,3,4,7 | — | 311 | — | — | 262 | 573 | — |
Relativity Space, Inc., Series D, preferred shares1,3,4,7 | 48,953 | — | — | — | — | 48,953 | — |
Relativity Space, Inc., Series E, preferred shares1,3,4,7 | 10,600 | — | — | — | — | 10,600 | — |
123,942 |
SMALLCAP World Fund — Page 23 of 29
unaudited
Investments in affiliates2 (continued)
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 12/31/2021 (000) | Dividend income (000) | |
Information technology 0.05% | |||||||
Skyryse, Inc., Series B, preferred shares1,3,4,7 | $— | $40,700 | $— | $— | $— | $40,700 | $— |
Avidxchange Holdings, Inc., Series F, preferred shares1,3,12 | 141,386 | — | 105,844 | — | (35,542) | — | — |
40,700 | |||||||
Financials 0.06% | |||||||
PPRO Holding GMBS, Series B, 8.00% preferred shares1,3,4,7 | 54,312 | — | — | — | (931) | 53,381 | — |
Total preferred securities | 233,124 | ||||||
Convertible stocks 0.03% | |||||||
Information technology 0.03% | |||||||
RealSelf, Inc., Series C, convertible preferred shares3,4,7 | 19,495 | — | — | — | 1,665 | 21,160 | — |
Short-term securities 6.04% | |||||||
Money market investments 5.82% | |||||||
Capital Group Central Cash Fund 0.09%9 | 4,210,329 | 2,218,439 | 1,642,319 | (75) | 143 | 4,786,517 | 812 |
Money market investments purchased with collateral from securities on loan 0.22% | |||||||
Capital Group Central Cash Fund 0.09%9,10 | 188,139 | 5,47313 | 182,666 | —14 | |||
Total short-term securities | 4,969,183 | ||||||
Total 30.30% | $376,489 | $211,660 | $24,912,519 | $16,593 |
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, as defined under the Investment Company Act of 1940, as amended. |
3 | Valued under fair value procedures adopted by authority of the board of directors. The total value of all such securities was $1,867,171,000, which represented 2.27% of the net assets of the fund. |
4 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear on the following page. |
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 $896,332,000, which represented 1.09% of the net assets of the fund. |
6 | All or a portion of this security was on loan. The total value of all such securities was $1,078,971,000, which represented 1.31% of the net assets of the fund. |
7 | Value determined using significant unobservable inputs. |
8 | Amount less than one thousand. |
9 | Rate represents the seven-day yield at 12/31/2021. |
10 | Security purchased with cash collateral from securities on loan. |
11 | Affiliated issuer during the reporting period but no longer an affiliate at 12/31/2021. Refer to the investment portfolio for the security value at 12/31/2021. |
12 | Affiliated issuer during the reporting period but no longer held at 12/31/2021. |
13 | Represents net activity. |
14 | Dividend income is included with securities lending income and is not shown in this table. |
Private placement securities | Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets |
VisEra Technologies Co., Ltd. | 3/9/2021 | $93,821 | $185,805 | .23% |
Einride AB, Series B, preferred shares | 3/23/2021-5/6/2021 | 18,753 | 63,816 | .08 |
Einride AB | 7/16/2021-8/17/2021 | 8,938 | 18,701 | .02 |
Einride AB, Series A, preferred shares | 10/11/2021 | 311 | 573 | .00 |
Pine Labs Pte., Ltd. | 5/12/2021 | 28,710 | 44,571 | .05 |
Pine Labs Pte., Ltd., Series J, cumulative preferred shares | 5/12/2021 | 21,290 | 33,053 | .04 |
Relativity Space, Inc., Series D, preferred shares | 11/20/2020 | 32,000 | 48,953 | .06 |
Relativity Space, Inc., Series E, preferred shares | 5/27/2021 | 10,600 | 10,600 | .01 |
Patreon, Inc., Series E, preferred shares | 9/1/2020 | 11,944 | 39,100 | .05 |
Patreon, Inc., Class B | 10/26/2020-10/27/2020 | 3,255 | 10,637 | .01 |
SMALLCAP World Fund — Page 24 of 29
unaudited
Private placement securities (continued) | Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets |
Patreon, Inc., Series Seed, preferred shares | 9/16/2020 | $2,790 | $9,133 | .01% |
KRY International AB, Series E, preferred shares | 5/13/2021 | 51,891 | 45,713 | .06 |
KRY International AB, Series A | 5/13/2021 | 8,533 | 7,913 | .01 |
PPRO Holding GMBS, Series B, 8.00% preferred shares | 1/28/2021 | 48,694 | 53,381 | .07 |
ABL Space Systems Co., Series B, preferred shares | 3/24/2021 | 35,000 | 52,844 | .06 |
QuintoAndar, Ltd., Series E-1, preferred shares | 12/20/2021 | 50,000 | 50,000 | .06 |
Laronde, Inc., Series B, 6.00% preferred shares | 8/10/2021 | 50,000 | 50,000 | .06 |
Outreach Corp., Series G, preferred shares | 5/27/2021 | 45,483 | 47,228 | .06 |
Skyryse, Inc., Series B, preferred shares | 10/21/2021 | 40,700 | 40,700 | .05 |
WorkRise Technologies, Inc., Series E, preferred shares | 3/8/2021 | 40,000 | 40,194 | .05 |
StockX, Inc., Series E-1, preferred shares | 4/15/2021 | 20,000 | 20,000 | .02 |
StockX, Inc. | 4/5/2021 | 14,682 | 14,561 | .02 |
StockX, Inc., Series AA, preferred shares | 4/5/2021 | 5,203 | 5,160 | .01 |
StockX, Inc., Series B, preferred shares | 4/5/2021 | 281 | 279 | .00 |
PsiQuantum Corp., Series D, preferred shares | 5/28/2021 | 35,000 | 35,000 | .04 |
Yotpo, Ltd., Series F, preferred shares | 2/25/2021 | 18,329 | 18,329 | .02 |
Yotpo, Ltd. | 3/16/2021 | 5,475 | 5,763 | .01 |
Yotpo, Ltd., Series B, preferred shares | 3/16/2021 | 2,322 | 2,444 | .00 |
Yotpo, Ltd., Series C, preferred shares | 3/16/2021 | 2,211 | 2,327 | .00 |
Yotpo, Ltd., Series A-1, preferred shares | 3/16/2021 | 1,483 | 1,561 | .00 |
Yotpo, Ltd., Series A, preferred shares | 3/16/2021 | 723 | 761 | .00 |
Yotpo, Ltd., Series C-1, preferred shares | 3/16/2021 | 613 | 645 | .00 |
Yotpo, Ltd., Series D, preferred shares | 3/16/2021 | 342 | 360 | .00 |
Yotpo, Ltd., Series B-1, preferred shares | 3/16/2021 | 273 | 287 | .00 |
Acerta Pharma BV | 5/7/2014 | 11,250 | 28,414 | .03 |
Cava Group, Inc., Series F, preferred shares | 3/26/2021 | 25,000 | 27,750 | .03 |
Credo Technology Group Holding, Ltd., Series D, 8.00% noncumulative preferred shares | 3/20/2020 | 20,000 | 23,253 | .03 |
Credo Technology Group Holding, Ltd., Series D+, 8.00% noncumulative preferred shares | 12/22/2020-5/6/2021 | 4,322 | 4,322 | .01 |
Grove Collaborative, Inc., Series E, preferred shares | 11/3/2020 | 26,000 | 27,311 | .03 |
Dock, Ltd. | 10/19/2020 | 26,000 | 27,080 | .03 |
Venture Global LNG, Inc., Series C | 5/1/2015 | 12,720 | 21,605 | .03 |
RealSelf, Inc., Series C, convertible preferred shares | 4/18/2018 | 19,000 | 21,160 | .03 |
Bluestar Genomics, Inc., Series C, noncumulative preferred shares, 5.00% 2022 | 4/26/2021 | 15,101 | 15,101 | .02 |
Kandou Holding SA | 11/17/2021 | 15,000 | 15,000 | .02 |
DPC Dash, Ltd. | 12/6/2021 | 15,000 | 15,000 | .02 |
Foursquare Labs, Inc., Series A | 12/3/2013 | 20,000 | 6,561 | .01 |
Foursquare Labs, Inc., warrants, expire 2033 | 12/3/2013 | — | 863 | .00 |
Artiva Biotherapeutics, Inc., Series B, preferred shares | 2/24/2021 | 7,000 | 7,000 | .01 |
PACT Pharma, Inc., Series C, 8.00% noncumulative preferred shares | 2/7/2020 | 9,000 | 6,156 | .01 |
Total private placement securities | $ 935,043 | $ 1,206,968 | 1.47% |
SMALLCAP World Fund — Page 25 of 29
unaudited
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities 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 |
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 |
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.
SMALLCAP World Fund — Page 26 of 29
unaudited
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 facilitated by the investment adviser’s global risk management 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, 2021 (dollars in thousands):
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $16,879,971 | $538,544 | $50,041 | $17,468,556 |
Industrials | 15,386,827 | — | 18,701 | 15,405,528 |
Consumer discretionary | 13,432,723 | — | 29,561 | 13,462,284 |
Health care | 12,621,189 | 51,518 | 36,327 | 12,709,034 |
Financials | 7,566,203 | — | 44,571 | 7,610,774 |
Consumer staples | 2,873,174 | — | — | 2,873,174 |
Materials | 2,132,930 | — | — | 2,132,930 |
Communication services | 1,898,711 | 32,615 | — | 1,931,326 |
Real estate | 1,332,378 | 26,755 | — | 1,359,133 |
Energy | 996,060 | — | 21,605 | 1,017,665 |
Utilities | 231,630 | 81,014 | 141 | 312,785 |
Preferred securities | 320,139 | — | 798,334 | 1,118,473 |
Rights & warrants | 1,091 | 115,421 | 863 | 117,375 |
Convertible stocks | — | — | 21,160 | 21,160 |
Short-term securities | 5,425,647 | — | — | 5,425,647 |
Total | $81,098,673 | $845,867 | $1,021,304 | $82,965,844 |
The following table reconciles the valuation of the fund’s Level 3 investment securities and related transactions for the three months ended
December 31, 2021 (dollars in thousands):
December 31, 2021 (dollars in thousands):
Beginning value at 10/1/2021 | Transfers into Level 3* | Purchases | Sales | Net realized gain | Unrealized depreciation | Transfers out of Level 3* | Ending value at 12/31/2021 | |
Investment securities | $1,243,406 | $— | $121,011 | $(156,127) | $— | $(24,102) | $(162,884) | $1,021,304 |
Net unrealized appreciation during the period on Level 3 investment securities held at December 31, 2021 | $43,215 |
* | 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 27 of 29
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 12/31/2021 | Valuation techniques | Unobservable inputs | Range (if applicable) | Weighted average* | Impact to valuation from an increase in input† | |
Common stocks | $200,947 | Liquidation value | N/A | N/A | N/A | N/A |
Transaction price | N/A | N/A | N/A | N/A | ||
Discount for lack of certainty | 5% | 5% | Decrease | |||
Expected proceeds | Discount rate | 10% | 10% | Decrease | ||
Expected proceeds | N/A | N/A | N/A | |||
Market comparable companies | Price/Cash flow multiple | 9.1x | 9.1x | Increase | ||
Adjustment based on market comparables movement (decrease) | 10% | 10% | Decrease | |||
EV/Sales multiple | 7.6x - 16.6x | 14.2x | Increase | |||
Premium to EV/Sales multiple | 20% | 20% | Increase | |||
Discount to EV/Sales multiple | 50% | 50% | Decrease | |||
DLOM | 18% - 27% | 20% | Decrease | |||
$ per one billion Btu | $2.25 | $2.25 | Increase | |||
MMTPA | 10 MMTPA | 10 MMTPA | Increase | |||
Preferred securities | 798,334 | Transaction price | N/A | N/A | N/A | N/A |
Adjustment based on market comparables movement (decrease) | 50% | 50% | Decrease | |||
Discount for lack of certainty | 5% | 5% | Decrease | |||
Market comparable companies | Price/Sales multiple | 19.3x | 19.3x | Increase | ||
Discount to Price/Sales multiple | 53% | 53% | Decrease | |||
EV/Sales multiple | 2.4x - 37.5x | 16.4x | Increase | |||
Adjustment based on market movement of comparables (decrease) | 6% - 10% | 8% | Decrease | |||
Premium to EV/Sales multiple | 20% | 20% | Increase | |||
Discount to EV/Sales multiple | 54% | 54% | Decrease | |||
Revenue growth rate | 55% | 55% | Increase | |||
DLOM | 15% - 50% | 37% | Decrease | |||
Rights & warrants | 863 | Black-Scholes | Underlying common share price | N/A | N/A | N/A |
Implied volatility | 30% | 30% | Increase | |||
Convertible stocks | 21,160 | Market comparable companies | EV/Sales multiple | 15.9x | 15.9x | Increase |
Discount to EV/Sales multiple | 30% | 30% | Decrease | |||
DLOM | 16% | 16% | Decrease | |||
Total | $1,021,304 |
* | 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 28 of 29
unaudited
Key to abbreviations |
ADR = American Depositary Receipts |
Btu = British thermal unit |
CAD = Canadian dollars |
DLOM = Discount for lack of marketability |
EV = Enterprise value |
GDR = Global Depositary Receipts |
MMTPA = Million metric tonnes per annum |
SDR = Swedish Depositary Receipts |
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.
© 2022 Capital Group. All rights reserved.
MFGEFP1-035-0222O-S85370 | SMALLCAP World Fund — Page 29 of 29 |