SMALLCAP World Fund®
Investment portfolio
June 30, 2022
unaudited
Common stocks 86.14% Industrials 17.75% | Shares | Value (000) | |
IMCD NV1 | 2,881,724 | $395,456 | |
Saia, Inc.1,2 | 1,878,217 | 353,105 | |
BayCurrent Consulting, Inc.1 | 1,143,600 | 304,275 | |
Diploma PLC1 | 9,969,226 | 270,380 | |
Chart Industries, Inc.2 | 1,429,998 | 239,353 | |
NIBE Industrier AB, Class B | 29,898,225 | 224,461 | |
Comfort Systems USA, Inc.1 | 2,673,739 | 222,321 | |
Armstrong World Industries, Inc.1 | 2,800,302 | 209,911 | |
Japan Airport Terminal Co., Ltd.1,2 | 4,717,260 | 188,092 | |
Vicor Corp., Class A2 | 3,352,757 | 183,496 | |
Arcosa, Inc.1 | 3,862,940 | 179,356 | |
Interpump Group SpA | 4,666,685 | 177,915 | |
Matson, Inc.1 | 2,149,200 | 156,634 | |
BELIMO Holding AG | 423,990 | 149,228 | |
Stericycle, Inc.2 | 3,360,952 | 147,378 | |
International Container Terminal Services, Inc. | 44,009,076 | 147,271 | |
VAT Group AG | 611,496 | 145,788 | |
Harmonic Drive Systems, Inc.1,3 | 4,928,150 | 143,653 | |
Visional, Inc.1,2,3 | 2,912,800 | 130,741 | |
Willscot Mobile Mini Holdings Corp., Class A2 | 3,981,988 | 129,096 | |
ATS Automation Tooling System, Inc.1,2 | 4,646,280 | 127,599 | |
Regal Rexnord Corp. | 1,087,715 | 123,477 | |
Simpson Manufacturing Co., Inc. | 1,211,997 | 121,939 | |
Carel Industries SpA1 | 6,013,018 | 119,473 | |
ManpowerGroup, Inc. | 1,557,101 | 118,978 | |
Zurn Water Solutions Corp. | 4,328,500 | 117,908 | |
EnPro Industries, Inc.1 | 1,432,727 | 117,383 | |
Alfen NV1,2,3 | 1,241,873 | 114,733 | |
Kadant, Inc. | 567,165 | 103,423 | |
Spirax-Sarco Engineering PLC | 848,200 | 101,992 | |
TransDigm Group, Inc.2 | 190,000 | 101,967 | |
Zhejiang Weixing New Building Materials Co., Ltd., Class A | 28,383,526 | 101,929 | |
Boyd Group Services, Inc.3 | 900,424 | 96,996 | |
TFI International, Inc. (CAD denominated) | 1,130,000 | 90,711 | |
TFI International, Inc. | 68,200 | 5,475 | |
Atlas Corp.3 | 8,766,500 | 93,889 | |
AirTAC International Group2 | 2,783,590 | 92,775 | |
Haitian International Holdings, Ltd. | 36,154,000 | 92,380 | |
Wizz Air Holdings PLC2 | 4,074,585 | 86,998 | |
Trelleborg AB, Class B | 4,118,834 | 82,983 | |
Masco Corp. | 1,625,000 | 82,225 | |
Graco, Inc. | 1,374,000 | 81,629 | |
Johns Lyng Group, Ltd.1 | 20,594,836 | 81,597 | |
TechnoPro Holdings, Inc.3 | 4,047,000 | 81,041 | |
Marel hf. | 16,403,200 | 74,850 | |
Rumo SA | 24,443,335 | 74,589 |
SMALLCAP World Fund — Page 1 of 30
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
The AZEK Co., Inc., Class A2 | 4,423,400 | $74,048 | |
Japan Elevator Service Holdings Co., Ltd.1 | 7,100,154 | 73,890 | |
ESCO Technologies, Inc. | 1,056,182 | 72,211 | |
Watsco, Inc. | 300,000 | 71,646 | |
Instalco AB1 | 17,285,000 | 71,473 | |
FTI Consulting, Inc.2 | 390,600 | 70,640 | |
Lifco AB, Class B | 4,195,000 | 67,355 | |
Havells India, Ltd. | 4,791,761 | 66,635 | |
CG Power and Industrial Solutions, Ltd.2 | 27,237,000 | 66,099 | |
KEI Industries, Ltd.1 | 4,526,134 | 66,056 | |
DO & CO AG, non-registered shares1,2,3 | 779,520 | 64,943 | |
Driven Brands Holdings, Inc.2 | 2,342,000 | 64,499 | |
Volution Group PLC1 | 15,684,638 | 64,248 | |
GVS SpA2 | 7,638,691 | 62,279 | |
Aalberts NV, non-registered shares | 1,596,599 | 62,225 | |
Marlowe PLC1,2,3 | 6,904,878 | 62,199 | |
Pegasus Hava Tasimaciligi AS1,2 | 6,057,223 | 62,056 | |
Trinity Industries, Inc. | 2,513,238 | 60,871 | |
Woodward, Inc. | 649,000 | 60,026 | |
Cleanaway Waste Management, Ltd. | 34,502,998 | 60,016 | |
Interface, Inc.1 | 4,721,060 | 59,202 | |
Montrose Environmental Group, Inc.1,2 | 1,623,909 | 54,823 | |
Nolato AB, Class B | 10,047,876 | 54,022 | |
Quess Corp., Ltd. | 6,907,615 | 53,675 | |
DL E&C Co., Ltd. | 1,663,462 | 53,104 | |
Montana Aerospace AG1,2 | 3,338,132 | 51,542 | |
MonotaRO Co., Ltd.3 | 3,455,300 | 51,341 | |
Melrose Industries PLC | 27,747,591 | 50,564 | |
Resideo Technologies, Inc.2 | 2,527,864 | 49,091 | |
Guangzhou Baiyun International Airport Co., Ltd., Class A | 21,926,503 | 48,836 | |
Antares Vision SpA1,2,3 | 5,278,008 | 47,899 | |
Textron, Inc. | 780,000 | 47,635 | |
Waste Connections, Inc. | 380,000 | 47,105 | |
APM Human Services International, Ltd.2,3 | 23,661,959 | 46,875 | |
LIXIL Corp. | 2,434,500 | 45,575 | |
Munters Group AB | 7,837,023 | 45,238 | |
easyJet PLC2 | 10,027,084 | 44,747 | |
CSW Industrials, Inc. | 428,108 | 44,108 | |
Centre Testing International Group Co., Ltd. | 12,715,436 | 44,086 | |
Generac Holdings, Inc.2 | 207,989 | 43,798 | |
Kingspan Group PLC | 724,000 | 43,550 | |
Copa Holdings, SA, Class A2 | 665,000 | 42,141 | |
Cargotec OYJ, Class B, non-registered shares | 1,571,721 | 41,309 | |
Builders FirstSource, Inc.2 | 760,228 | 40,824 | |
Addtech AB, Class B | 3,093,403 | 40,339 | |
ITM Power PLC2,3 | 18,943,390 | 39,847 | |
Hefei Meyer Optoelectronic Technology, Inc., Class A | 12,133,654 | 39,296 | |
Voltronic Power Technology Corp. | 784,000 | 38,101 | |
Controladora Vuela Compañía de Aviación, SAB de CV, Class A, ordinary participation certificates (ADR)2 | 2,557,800 | 26,268 | |
Controladora Vuela Compañía de Aviación, SAB de CV, Class A, ordinary participation certificates2,3 | 10,781,100 | 11,098 | |
Cathay Pacific Airways, Ltd.2,3 | 33,879,000 | 37,088 | |
Midac Holdings Co., Ltd.1,3 | 1,779,400 | 36,629 | |
IDEX Corp. | 200,000 | 36,326 |
SMALLCAP World Fund — Page 2 of 30
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) | |
Atkore Inc.2 | 436,200 | $36,209 | |
Engcon AB, Class B2 | 5,966,616 | 35,929 | |
Storskogen Group AB, Class B3 | 24,799,071 | 35,078 | |
BWX Technologies, Inc. | 611,300 | 33,677 | |
Sulzer AG | 527,411 | 32,761 | |
Fasadgruppen Group AB1 | 3,875,833 | 31,939 | |
SK, Inc. | 192,683 | 31,906 | |
First Advantage Corp.2 | 2,509,000 | 31,789 | |
Sun Country Airlines Holdings, Inc.2 | 1,711,612 | 31,391 | |
Upwork Inc.2 | 1,516,369 | 31,359 | |
SIS, Ltd.2 | 5,303,901 | 30,485 | |
Indutrade AB | 1,653,822 | 30,159 | |
SHO-BOND HOLDINGS CO LTD3 | 671,700 | 29,555 | |
Kajaria Ceramics, Ltd. | 2,450,000 | 29,401 | |
Advanced Drainage Systems, Inc. | 323,056 | 29,098 | |
RWS Holdings PLC | 6,378,859 | 26,727 | |
AFRY AB, Class B | 1,780,000 | 24,430 | |
Granite Construction, Inc. | 827,000 | 24,099 | |
Einride AB1,2,4,5,6 | 391,089 | 23,361 | |
Astral, Ltd. | 1,090,254 | 22,855 | |
InPost SA2,3 | 3,711,638 | 21,517 | |
Adecco Group AG | 616,900 | 20,963 | |
UFP Industries, Inc. | 301,905 | 20,572 | |
XP Power, Ltd. | 583,458 | 20,242 | |
Jamna Auto Industries, Ltd. | 12,837,657 | 19,857 | |
Coor Service Management Holding AB | 2,177,000 | 17,078 | |
Grupa Pracuj SA3 | 1,300,000 | 16,274 | |
Ventia Services Group Pty, Ltd. | 9,155,653 | 15,736 | |
Intrum AB | 800,000 | 15,261 | |
INVISIO Communications AB | 950,000 | 13,707 | |
Grafton Group PLC | 1,437,900 | 13,597 | |
Green Landscaping Group AB2 | 1,977,759 | 12,857 | |
Fluidra, SA, non-registered shares | 616,300 | 12,491 | |
Howden Joinery Group PLC | 1,682,106 | 12,339 | |
Oshkosh Corp. | 150,000 | 12,321 | |
Troax Group AB | 708,000 | 12,250 | |
Heliogen, Inc.2 | 5,800,000 | 12,238 | |
RS Group PLC | 1,130,000 | 11,954 | |
Azelis Group NV | 479,730 | 10,497 | |
Pyrum Innovations AG2 | 128,340 | 8,756 | |
Sdiptech AB, Class B2 | 330,000 | 7,632 | |
Miura Co., Ltd. | 379,600 | 7,504 | |
Mersen SA | 198,546 | 5,920 | |
Ceres Power Holdings PLC2,3 | 831,946 | 5,550 | |
Froy ASA | 1,190,086 | 5,467 | |
Sitowise Group PLC | 917,418 | 5,163 | |
Lilium NV, Class A2,3 | 1,960,000 | 4,626 | |
Vestum AB2 | 2,888,123 | 4,368 | |
TuSimple Holdings, Inc., Class A2,3 | 580,000 | 4,193 | |
Archer Aviation, Inc., Class A2 | 261,195 | 805 | |
HeadHunter Group PLC (ADR)4,5 | 521,600 | —7 | |
10,320,289 |
SMALLCAP World Fund — Page 3 of 30
unaudited
Common stocks (continued) Information technology 16.31% | Shares | Value (000) | |
MongoDB, Inc., Class A2 | 1,258,182 | $326,498 | |
Wolfspeed, Inc.2 | 4,384,700 | 278,209 | |
eMemory Technology, Inc.1,4 | 6,440,334 | 221,941 | |
Kulicke and Soffa Industries, Inc.1 | 4,982,121 | 213,285 | |
ALTEN SA, non-registered shares1 | 1,934,348 | 210,413 | |
Global Unichip Corp.1 | 10,720,000 | 173,418 | |
Keywords Studios PLC1 | 6,107,579 | 163,119 | |
Alteryx, Inc., Class A2 | 3,332,576 | 161,363 | |
VisEra Technologies Co., Ltd.4,6,8 | 11,090,000 | 113,363 | |
VisEra Technologies Co., Ltd. | 3,774,800 | 42,403 | |
Confluent, Inc., Class A2,3 | 6,652,721 | 154,609 | |
Fabrinet, non-registered shares2 | 1,776,265 | 144,055 | |
Smartsheet, Inc., Class A2 | 4,550,000 | 143,006 | |
Teradata Corp.2 | 3,843,434 | 142,245 | |
RingCentral, Inc., Class A2 | 2,678,451 | 139,976 | |
Dexerials Corp.1 | 5,149,800 | 137,209 | |
Globant SA2 | 784,865 | 136,567 | |
Nordic Semiconductor ASA2 | 8,580,615 | 133,112 | |
Ceridian HCM Holding, Inc.2 | 2,740,456 | 129,021 | |
Net One Systems Co., Ltd.1 | 5,623,173 | 124,333 | |
Novanta, Inc.2 | 1,015,687 | 123,172 | |
MKS Instruments, Inc. | 1,189,368 | 122,065 | |
Tanla Platforms, Ltd.1 | 9,190,777 | 116,921 | |
Euronet Worldwide, Inc.2 | 1,129,232 | 113,589 | |
Pegasystems, Inc. | 2,347,530 | 112,306 | |
Endava PLC, Class A (ADR)2 | 1,260,921 | 111,301 | |
Alarm.com Holdings, Inc.2 | 1,661,500 | 102,780 | |
CDW Corp. | 650,000 | 102,414 | |
Softcat PLC | 6,341,535 | 101,666 | |
Netcompany Group AS, non-registered shares2 | 1,773,791 | 96,917 | |
Vitec Software Group AB, Class B | 2,228,800 | 96,605 | |
SUMCO Corp.3 | 7,295,374 | 94,580 | |
Marqeta, Inc., Class A2,3 | 11,651,343 | 94,492 | |
SHIFT, Inc.2 | 722,200 | 94,001 | |
Silergy Corp. | 1,161,456 | 93,554 | |
Network International Holdings PLC1,2 | 39,920,143 | 91,747 | |
Viavi Solutions, Inc.2 | 6,830,000 | 90,361 | |
Credo Technology Group Holding, Ltd.1,2,4,8 | 4,750,082 | 49,378 | |
Credo Technology Group Holding, Ltd.1,2,3 | 3,444,600 | 40,233 | |
Crayon Group Holding ASA1,2 | 7,013,051 | 89,143 | |
Clear Secure, Inc., Class A2,3 | 4,428,299 | 88,566 | |
LEM Holding SA | 46,070 | 88,024 | |
Paycom Software, Inc.2 | 303,275 | 84,953 | |
PAR Technology Corp.1,2,3 | 2,140,057 | 80,231 | |
NCR Corp.2,3 | 2,549,250 | 79,307 | |
EVERTEC, Inc. | 2,131,730 | 78,618 | |
Sinch AB2,3 | 23,895,278 | 77,773 | |
Bytes Technology Group PLC1 | 14,832,601 | 75,545 | |
SINBON Electronics Co., Ltd. | 8,747,000 | 74,722 | |
DoubleVerify Holdings, Inc.2 | 3,242,000 | 73,496 | |
Kingdee International Software Group Co., Ltd.2 | 31,106,093 | 72,941 | |
Extreme Networks, Inc.1,2 | 7,876,997 | 70,263 | |
Qorvo, Inc.2 | 741,404 | 69,929 | |
Gitlab, Inc., Class A2,3 | 1,295,152 | 68,824 | |
PagSeguro Digital, Ltd., Class A2 | 6,680,100 | 68,404 |
SMALLCAP World Fund — Page 4 of 30
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Nagarro SE2,3 | 583,279 | $66,259 | |
CCC Intelligent Solutions Holdings, Inc.2,3 | 6,953,198 | 63,969 | |
Money Forward, Inc.2,3 | 2,545,987 | 63,424 | |
Coforge, Ltd. | 1,402,616 | 62,861 | |
Aixtron SE | 2,434,518 | 61,689 | |
Dock, Ltd.2,4,5,6 | 4,318,937 | 59,040 | |
Concentrix Corp. | 428,914 | 58,178 | |
Kainos Group PLC | 4,103,704 | 55,399 | |
MACOM Technology Solutions Holdings, Inc.2 | 1,140,000 | 52,554 | |
OVH Groupe SAS2,3 | 2,882,302 | 52,255 | |
Nuvei Corp., subordinate voting shares2 | 1,400,000 | 50,597 | |
Paymentus Holdings, Inc., Class A2,3 | 3,765,048 | 50,339 | |
Hamamatsu Photonics KK | 1,289,450 | 50,084 | |
AvidXchange Holdings, Inc.2,3 | 7,896,642 | 48,485 | |
Perficient, Inc.2 | 517,165 | 47,419 | |
JustSystems Corp. | 1,617,921 | 45,731 | |
Silicon Laboratories, Inc.2 | 324,000 | 45,431 | |
Okta, Inc., Class A2 | 500,000 | 45,200 | |
Cvent Holding Corp.2 | 9,655,200 | 44,607 | |
Insight Enterprises, Inc.2 | 509,691 | 43,976 | |
Unimicron Technology Corp. | 8,238,000 | 43,914 | |
SimCorp AS | 594,367 | 43,144 | |
Topicus.com, Inc., subordinate voting shares2 | 763,153 | 43,061 | |
Thoughtworks Holding, Inc.2,3 | 1,975,506 | 27,874 | |
Thoughtworks Holding, Inc.2 | 1,069,000 | 15,084 | |
Computer Age Management Services, Ltd. | 1,472,930 | 42,110 | |
Zuken, Inc.1 | 1,860,500 | 41,891 | |
INFICON Holding AG | 52,362 | 41,247 | |
Truecaller AB, Class B2 | 8,588,230 | 41,188 | |
Dye & Durham, Ltd.3 | 2,401,858 | 40,585 | |
Computer Services, Inc. | 1,084,411 | 40,083 | |
EPAM Systems, Inc.2 | 134,600 | 39,677 | |
BlackLine, Inc.2 | 595,000 | 39,627 | |
Maruwa Co., Ltd. | 341,300 | 38,965 | |
Lightspeed Commerce, Inc., subordinate voting shares2,3 | 1,597,219 | 35,618 | |
Lightspeed Commerce, Inc., subordinate voting shares (CAD denominated)2 | 133,200 | 2,970 | |
Olo, Inc., Class A2 | 3,870,830 | 38,205 | |
Reply SpA | 299,378 | 36,299 | |
Linklogis, Inc., Class B2,3 | 36,651,500 | 36,246 | |
91APP, Inc.1 | 7,895,000 | 35,846 | |
Semtech Corp.2 | 650,000 | 35,731 | |
Bentley Systems, Inc., Class B | 1,071,370 | 35,677 | |
Megaport, Ltd.1,2 | 9,161,000 | 34,462 | |
Cognex Corp. | 800,000 | 34,016 | |
Vanguard International Semiconductor Corp. | 13,107,394 | 33,856 | |
Flex, Ltd.2 | 2,291,735 | 33,161 | |
Avalara, Inc.2 | 465,403 | 32,857 | |
Aspen Technology, Inc.2 | 175,140 | 32,170 | |
Accton Technology Corp. | 4,009,000 | 32,157 | |
HashiCorp, Inc., Class A2,3 | 1,091,870 | 32,145 | |
Expensify, Inc., Class A2,3 | 1,788,623 | 31,820 | |
Bechtle AG, non-registered shares | 778,019 | 31,806 | |
Disco Corp. | 131,500 | 31,208 | |
Trimble, Inc.2 | 530,000 | 30,862 | |
CMC Materials, Inc. | 175,355 | 30,598 |
SMALLCAP World Fund — Page 5 of 30
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Halma PLC | 1,200,000 | $29,347 | |
SentinelOne, Inc., Class A2,3 | 1,239,464 | 28,917 | |
Kingboard Holdings, Ltd. | 7,191,000 | 27,218 | |
Kingboard Laminates Holdings, Ltd. | 22,027,500 | 27,174 | |
ams OSRAM AG, non-registered shares2 | 2,907,400 | 26,185 | |
Boku, Inc.1,2,8 | 20,461,639 | 25,655 | |
GFT Technologies SE | 627,246 | 24,880 | |
ePlus inc.2 | 454,900 | 24,164 | |
LiveRamp Holdings, Inc.2 | 932,711 | 24,073 | |
eCloudvalley Digital Technology Co., Ltd.1 | 3,003,174 | 23,786 | |
Alchip Technologies, Ltd.2 | 1,018,000 | 23,761 | |
Digital Turbine, Inc.2 | 1,285,000 | 22,449 | |
BE Semiconductor Industries NV | 459,500 | 22,088 | |
SmartCraft ASA, Class A1,2 | 13,349,780 | 21,686 | |
Comet Holding AG | 129,703 | 20,434 | |
Alkami Technology, Inc.2,3 | 1,448,776 | 20,123 | |
AppFolio, Inc., Class A2 | 215,836 | 19,563 | |
Rapid7, Inc.2 | 284,269 | 18,989 | |
StoneCo, Ltd., Class A2 | 2,234,082 | 17,202 | |
FDM Group (Holdings) PLC | 1,509,394 | 15,599 | |
Tripod Technology Corp. | 4,134,000 | 15,502 | |
Avaya Holdings Corp.1,2 | 6,752,700 | 15,126 | |
Nemetschek SE | 249,687 | 15,113 | |
Nayax, Ltd.2 | 8,022,000 | 14,813 | |
DLocal, Ltd., Class A2,3 | 536,193 | 14,075 | |
Pushpay Holdings, Ltd.2 | 17,654,124 | 14,003 | |
ExaWizards, Inc.2,3 | 3,478,200 | 13,356 | |
Renishaw PLC | 305,400 | 13,265 | |
Venustech Group, Inc., Class A | 4,107,547 | 12,229 | |
Cherry AG1,2,3 | 1,398,734 | 12,195 | |
Softline Holding PLC (GDR)1,2,4,5,8 | 10,650,000 | 12,141 | |
Softline Holding PLC (GDR)1,2,4,5 | 9,996 | 11 | |
GlobalWafers Co., Ltd. | 777,000 | 11,838 | |
Adesso SE, non-registered shares | 76,441 | 11,728 | |
Atea ASA | 1,109,322 | 11,533 | |
Lime Technologies AB | 500,526 | 10,970 | |
SiteMinder, Ltd.2 | 4,511,925 | 10,931 | |
LandMark Optoelectronics Corp. | 2,770,000 | 10,807 | |
GB Group PLC | 2,217,000 | 10,741 | |
Zebra Technologies Corp., Class A2 | 36,300 | 10,670 | |
LivePerson, Inc.2 | 625,104 | 8,839 | |
LPKF Laser & Electronics AG, non-registered shares2,3 | 935,424 | 8,764 | |
ON Semiconductor Corp.2 | 167,850 | 8,445 | |
Oxford Instruments PLC | 340,300 | 8,186 | |
MotorK, Ltd.1,2 | 2,300,000 | 8,147 | |
Copperleaf Technologies, Inc.2,3 | 1,616,814 | 8,039 | |
MaxLinear, Inc.2 | 220,498 | 7,493 | |
Coveo Solutions, Inc.2,3 | 1,691,000 | 6,595 | |
CI&T, Inc., Class A2,3 | 642,000 | 6,478 | |
AAC Technologies Holdings, Inc.3 | 2,629,000 | 6,051 | |
WeCommerce Holdings, Ltd., Class A1,2,3 | 2,113,430 | 5,829 | |
Unifiedpost Group SA1,2 | 1,942,012 | 5,790 | |
Procore Technologies, Inc.2 | 125,600 | 5,701 | |
CEVA, Inc.2 | 162,200 | 5,443 | |
Patreon, Inc., Class B2,4,5,6 | 189,951 | 4,981 |
SMALLCAP World Fund — Page 6 of 30
unaudited
Common stocks (continued) Information technology (continued) | Shares | Value (000) | |
Yotpo, Ltd.2,4,5,6,8 | 2,620,102 | $4,218 | |
JFrog, Ltd.2 | 178,400 | 3,759 | |
Foursquare Labs, Inc., Series A2,4,5,6,8 | 1,970,385 | 3,192 | |
TDCX, Inc., Class A2 | 270,873 | 2,506 | |
9,483,419 | |||
Consumer discretionary 15.37% | |||
Evolution AB | 5,952,115 | 541,173 | |
TopBuild Corp.1,2 | 1,885,454 | 315,172 | |
Helen of Troy, Ltd.1,2 | 1,930,206 | 313,485 | |
Tube Investments of India, Ltd.1 | 13,127,962 | 306,088 | |
YETI Holdings, Inc.1,2 | 7,014,897 | 303,535 | |
Dollarama, Inc. | 5,010,000 | 288,488 | |
Floor & Decor Holdings, Inc., Class A2 | 4,046,400 | 254,761 | |
IDP Education, Ltd. | 11,816,861 | 194,290 | |
Thor Industries, Inc.3 | 2,407,628 | 179,922 | |
Jiumaojiu International Holdings, Ltd.3 | 62,092,000 | 164,987 | |
Leslie’s, Inc.1,2,3 | 10,160,690 | 154,239 | |
Wyndham Hotels & Resorts, Inc. | 2,223,181 | 146,107 | |
Kindred Group PLC (SDR)1 | 17,389,283 | 144,591 | |
Entain PLC2 | 8,978,173 | 136,068 | |
WH Smith PLC1,2 | 7,084,236 | 121,248 | |
Pets at Home Group PLC1 | 31,920,500 | 119,368 | |
Everi Holdings, Inc.1,2 | 7,048,606 | 114,963 | |
Watches of Switzerland Group PLC1,2 | 12,187,793 | 114,090 | |
Bright Horizons Family Solutions, Inc.2 | 1,348,234 | 113,953 | |
Inchcape PLC | 13,361,690 | 113,124 | |
Asbury Automotive Group, Inc.2 | 663,676 | 112,387 | |
Pool Corp. | 317,700 | 111,586 | |
DraftKings, Inc., Class A2,3 | 9,260,444 | 108,069 | |
Auction Technology Group PLC1,2 | 9,570,000 | 107,525 | |
Adient PLC2 | 3,610,300 | 106,973 | |
Mattel, Inc.2 | 4,700,000 | 104,951 | |
MakeMyTrip, Ltd., non-registered shares1,2 | 3,876,781 | 99,556 | |
Light & Wonder, Inc.2 | 2,004,204 | 94,178 | |
Toll Brothers, Inc. | 2,104,633 | 93,867 | |
Five Below, Inc.2 | 804,402 | 91,243 | |
Bafang Electric (Suzhou) Co., Ltd., Class A | 3,058,340 | 88,854 | |
Polaris, Inc.3 | 885,000 | 87,863 | |
Moncler SpA | 2,015,000 | 86,429 | |
Domino’s Pizza Enterprises, Ltd. | 1,811,002 | 85,003 | |
Bajaj Electricals, Ltd.1 | 6,515,607 | 84,481 | |
KB Home | 2,957,918 | 84,182 | |
Domino’s Pizza Group PLC1 | 24,475,815 | 83,186 | |
Games Workshop Group PLC | 977,500 | 79,486 | |
Salvatore Ferragamo SpA3 | 4,954,090 | 76,317 | |
Lennar Corp., Class A | 1,058,458 | 74,695 | |
Lennar Corp., Class B | 21,169 | 1,243 | |
Golden Entertainment, Inc.1,2 | 1,874,500 | 74,136 | |
Xometry, Inc., Class A2,3 | 2,139,600 | 72,597 | |
Basic-Fit NV2,3 | 1,895,318 | 71,662 | |
Jumbo SA | 4,771,161 | 69,299 | |
Domino’s Pizza, Inc. | 176,500 | 68,784 | |
Arco Platform, Ltd., Class A2,3 | 4,548,111 | 67,903 | |
Jack in the Box, Inc.1 | 1,156,700 | 64,845 |
SMALLCAP World Fund — Page 7 of 30
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
Wayfair, Inc., Class A2,3 | 1,467,200 | $63,911 | |
Kontoor Brands, Inc. | 1,910,000 | 63,737 | |
Norwegian Cruise Line Holdings, Ltd.2,3 | 5,703,160 | 63,419 | |
DESCENTE, Ltd. | 2,671,000 | 61,814 | |
Momo.com, Inc. | 2,873,758 | 61,663 | |
Compagnie Plastic Omnium SA | 3,523,183 | 61,031 | |
Snow Peak, Inc.1,3 | 3,050,800 | 61,025 | |
Coursera, Inc.2 | 4,085,403 | 57,931 | |
Skechers USA, Inc., Class A2 | 1,600,000 | 56,928 | |
Williams-Sonoma, Inc. | 500,000 | 55,475 | |
On Holding AG, Class A2,3 | 2,959,059 | 52,346 | |
Haichang Ocean Park Holdings, Ltd.2,3 | 48,941,000 | 49,647 | |
Fox Factory Holding Corp.2 | 605,690 | 48,782 | |
Nien Made Enterprise Co., Ltd. | 4,920,000 | 48,483 | |
Levi Strauss & Co., Class A | 2,950,000 | 48,144 | |
Melco Resorts & Entertainment, Ltd. (ADR)2 | 8,346,608 | 47,993 | |
Chervon Holdings, Ltd.3 | 8,373,200 | 47,058 | |
Musti Group OYJ1 | 2,626,737 | 46,906 | |
China MeiDong Auto Holdings, Ltd. | 14,372,000 | 45,240 | |
International Game Technology PLC | 2,421,600 | 44,945 | |
M.D.C. Holdings, Inc. | 1,370,482 | 44,280 | |
Century Communities, Inc. | 911,000 | 40,968 | |
Thule Group AB | 1,569,400 | 38,553 | |
Hilton Grand Vacations, Inc.2 | 1,033,800 | 36,938 | |
Trainline PLC2 | 10,479,000 | 36,738 | |
Macy’s, Inc. | 1,900,000 | 34,808 | |
Darden Restaurants, Inc. | 303,300 | 34,309 | |
Cavco Industries, Inc.2 | 170,870 | 33,489 | |
Tongcheng Travel Holdings, Ltd.2 | 15,542,200 | 33,434 | |
B&M European Value Retail SA | 7,408,252 | 33,069 | |
Six Flags Entertainment Corp.2 | 1,514,000 | 32,854 | |
D.R. Horton, Inc. | 490,000 | 32,433 | |
BHG Group AB1,2,3 | 9,905,000 | 31,391 | |
Shoei Co., Ltd. | 776,100 | 30,374 | |
Cairn Homes PLC | 28,685,000 | 29,910 | |
Victoria PLC2,3 | 5,355,776 | 29,534 | |
AcadeMedia AB1 | 6,523,595 | 29,067 | |
MIPS AB | 662,300 | 28,895 | |
Warby Parker, Inc., Class A2,3 | 2,410,526 | 27,142 | |
Etsy, Inc.2 | 366,850 | 26,857 | |
Mazda Motor Corp. | 3,264,000 | 26,703 | |
Cary Group AB2,3 | 4,285,714 | 26,540 | |
Flutter Entertainment PLC2 | 259,095 | 26,196 | |
Graham Holdings Co., Class B | 45,000 | 25,508 | |
RVRC Holding AB1 | 6,266,088 | 25,469 | |
Gentherm, Inc.2 | 400,500 | 24,995 | |
JOANN, Inc.1,3 | 2,729,250 | 21,152 | |
Dr. Martens PLC | 7,125,000 | 20,590 | |
Beazer Homes USA, Inc.1,2 | 1,659,813 | 20,034 | |
XPEL, Inc.2,3,8 | 416,678 | 19,138 | |
LGI Homes, Inc.2 | 216,880 | 18,847 | |
MADE.com Group PLC1,2,3 | 31,119,580 | 18,278 | |
Porch Group, Inc.1,2,3 | 7,110,000 | 18,202 | |
Alpen Co., Ltd. | 1,130,000 | 16,832 | |
OneWater Marine, Inc., Class A2 | 504,604 | 16,677 |
SMALLCAP World Fund — Page 8 of 30
unaudited
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) | |
ASOS PLC2,3 | 1,607,415 | $16,407 | |
Lojas Quero-Quero SA1 | 14,974,560 | 16,309 | |
Nordstrom, Inc. | 760,000 | 16,059 | |
Roland Corp.3 | 530,600 | 15,780 | |
Installed Building Products, Inc. | 189,361 | 15,747 | |
Vail Resorts, Inc. | 71,000 | 15,482 | |
Caesars Entertainment, Inc.2 | 400,000 | 15,320 | |
Food & Life Companies, Ltd. | 716,300 | 15,289 | |
Zhongsheng Group Holdings, Ltd. | 2,121,500 | 14,965 | |
Grove Collaborative Holdings, Inc., Class B2,4,5,8 | 3,070,661 | 11,942 | |
Grove Collaborative Holdings, Inc., Class A2,4,8 | 750,000 | 3,021 | |
Melco International Development, Ltd.2,3 | 19,643,000 | 14,519 | |
Central Automotive Products, Ltd. | 787,200 | 13,623 | |
Vacasa, Inc., Class A2,3 | 4,499,053 | 12,957 | |
Westlife Development, Ltd.2 | 1,928,968 | 12,147 | |
Malibu Boats, Inc., Class A2 | 224,130 | 11,814 | |
StockX, Inc.2,4,5,6 | 161,790 | 11,615 | |
DPC Dash, Ltd.2,4,5,6 | 2,158,273 | 11,223 | |
Aramark | 356,556 | 10,921 | |
Westwing Group SE, non-registered shares1,2,3 | 1,385,281 | 10,307 | |
Bike24 Holding AG1,2,3 | 3,023,368 | 10,139 | |
Americanas SA, ordinary nominative shares | 3,802,258 | 9,757 | |
Relaxo Footwears, Ltd. | 713,900 | 8,713 | |
Elior Group SA2 | 3,719,000 | 8,255 | |
Chegg, Inc.2 | 365,500 | 6,864 | |
ThredUp Inc., Class A2,3 | 2,591,000 | 6,477 | |
Puuilo OYJ3 | 1,271,372 | 6,358 | |
Goodyear Tire & Rubber Co.2 | 558,712 | 5,984 | |
Victoria’s Secret & Co.2 | 210,400 | 5,885 | |
BARK, Inc.2,3 | 2,500,000 | 3,200 | |
BARK, Inc.2 | 2,000,000 | 2,560 | |
Leifheit AG, non-registered shares | 231,976 | 4,813 | |
Brilliant Earth Group, Inc., Class A2,3 | 860,000 | 4,085 | |
NEXTAGE Co., Ltd. | 223,800 | 3,851 | |
Traeger, Inc.2,3 | 831,551 | 3,534 | |
Sweetgreen, Inc., Class A2,3 | 291,701 | 3,398 | |
Royal Caribbean Cruises, Ltd.2 | 78,017 | 2,724 | |
Bloomberry Resorts Corp.2 | 19,806,800 | 2,093 | |
PowerSchool Holdings, Inc., Class A2 | 124,655 | 1,502 | |
Allbirds, Inc., Class A2,3 | 375,091 | 1,474 | |
BNN Technology PLC1,2,4,5 | 19,007,000 | —7 | |
Ozon Holdings PLC (ADR)2,4,5 | 2,346,600 | —7 | |
8,934,747 | |||
Health care 13.68% | |||
Molina Healthcare, Inc.2 | 2,407,600 | 673,189 | |
Insulet Corp.2 | 2,574,942 | 561,183 | |
Agilon Health, Inc.2,3 | 13,114,300 | 286,285 | |
Haemonetics Corp.1,2 | 4,088,845 | 266,511 | |
NovoCure, Ltd.2 | 3,621,597 | 251,701 | |
Centene Corp.2 | 2,925,674 | 247,541 | |
Biohaven Pharmaceutical Holding Co., Ltd.2 | 1,596,377 | 232,608 | |
Legend Biotech Corp. (ADR)2 | 4,102,140 | 225,618 | |
Max Healthcare Institute, Ltd.2 | 36,091,644 | 167,702 | |
DexCom, Inc.2 | 2,210,000 | 164,711 |
SMALLCAP World Fund — Page 9 of 30
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) | |
Amplifon SpA | 5,166,500 | $158,366 | |
PolyPeptide Group AG1 | 1,927,435 | 131,639 | |
CONMED Corp. | 1,340,980 | 128,412 | |
Integra LifeSciences Holdings Corp.2 | 2,251,447 | 121,646 | |
Xenon Pharmaceuticals, Inc.1,2 | 3,857,482 | 117,345 | |
Shockwave Medical, Inc.2 | 585,000 | 111,834 | |
Pharmaron Beijing Co., Ltd., Class H | 11,004,450 | 110,159 | |
Laurus Labs, Ltd. | 18,452,700 | 108,582 | |
Genus PLC1 | 3,497,750 | 106,786 | |
Amvis Holdings, Inc.1 | 3,815,300 | 106,293 | |
Silk Road Medical, Inc.1,2 | 2,791,630 | 101,587 | |
iRhythm Technologies, Inc.2 | 892,000 | 96,363 | |
Hapvida Participacoes e Investimentos SA2 | 89,902,916 | 93,966 | |
Oak Street Health, Inc.2,3 | 5,653,065 | 92,936 | |
CanSino Biologics, Inc., Class H3 | 9,062,000 | 92,793 | |
Fate Therapeutics, Inc.2,3 | 3,674,900 | 91,064 | |
Penumbra, Inc.2 | 721,744 | 89,872 | |
Bachem Holding AG, Class B | 1,214,220 | 84,391 | |
Inari Medical, Inc.2 | 1,190,498 | 80,942 | |
Addus HomeCare Corp.1,2 | 938,900 | 78,192 | |
Globus Medical, Inc., Class A2 | 1,388,542 | 77,953 | |
Virbac SA | 178,400 | 69,453 | |
New Horizon Health, Ltd.1,2,3 | 22,889,335 | 68,842 | |
Ocumension Therapeutics1,2,3 | 37,692,000 | 67,441 | |
Ultragenyx Pharmaceutical, Inc.2 | 1,106,215 | 65,997 | |
Revance Therapeutics, Inc.1,2 | 4,590,000 | 63,434 | |
EBOS Group, Ltd. | 2,521,959 | 61,444 | |
ICON PLC2 | 281,109 | 60,916 | |
Pacific Biosciences of California, Inc.1,2,3 | 13,253,906 | 58,582 | |
AbCellera Biologics, Inc.2,3 | 5,480,000 | 58,362 | |
Medmix AG1 | 2,628,177 | 58,199 | |
Karuna Therapeutics, Inc.2 | 458,122 | 57,957 | |
Shandong Pharmaceutical Glass Co., Ltd., Class A | 12,973,422 | 54,167 | |
Amedisys, Inc.2 | 508,199 | 53,422 | |
Arjo AB, Class B | 8,275,377 | 52,339 | |
CompuGroup Medical SE & Co. KGaA | 1,187,660 | 50,581 | |
Asahi Intecc Co., Ltd. | 3,346,600 | 50,515 | |
Allogene Therapeutics, Inc.2,3 | 4,327,342 | 49,332 | |
Ascendis Pharma A/S (ADR)2,3 | 528,924 | 49,169 | |
Surgical Science Sweden AB1,2 | 3,271,137 | 48,860 | |
Hypera SA, ordinary nominative shares | 6,689,914 | 48,626 | |
Tandem Diabetes Care, Inc.2 | 778,500 | 46,079 | |
Indivior PLC2 | 11,805,600 | 44,435 | |
Carl Zeiss Meditec AG, non-registered shares | 368,406 | 43,973 | |
Angelalign Technology, Inc.3 | 2,163,600 | 43,345 | |
Poly Medicure, Ltd. | 4,511,022 | 42,890 | |
Netcare, Ltd. | 47,756,119 | 41,889 | |
CRISPR Therapeutics AG2,3 | 684,666 | 41,607 | |
Encompass Health Corp. | 722,858 | 40,516 | |
Alignment Healthcare, Inc.2 | 3,500,000 | 39,935 | |
Nakanishi, Inc. | 2,255,800 | 39,786 | |
10x Genomics, Inc., Class A2 | 866,700 | 39,218 | |
Vitrolife AB | 1,697,000 | 39,017 | |
Ambu AS, Class B, non-registered shares3 | 3,992,766 | 38,771 | |
FIGS, Inc., Class A2,3 | 4,166,847 | 37,960 |
SMALLCAP World Fund — Page 10 of 30
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) | |
NuVasive, Inc.2 | 766,000 | $37,657 | |
Revenio Group OYJ, non-registered shares | 792,790 | 35,326 | |
Exact Sciences Corp.2 | 890,000 | 35,057 | |
Glaukos Corp.2 | 750,322 | 34,080 | |
KRKA, dd, Novo mesto | 335,262 | 33,096 | |
Fisher & Paykel Healthcare Corp., Ltd. | 2,510,000 | 31,321 | |
Incyte Corp.2 | 396,000 | 30,084 | |
Sierra Oncology, Inc.2,3 | 490,809 | 26,990 | |
CellaVision AB, non-registered shares | 789,300 | 26,079 | |
IVERIC bio, Inc.2 | 2,682,230 | 25,803 | |
Seer, Inc., Class A2 | 2,817,666 | 25,218 | |
SKAN Group AG3 | 462,566 | 25,099 | |
Twist Bioscience Corp.2 | 704,000 | 24,612 | |
Dechra Pharmaceuticals PLC | 579,000 | 24,373 | |
Olink Holding AB (ADR)2,3 | 1,586,593 | 24,116 | |
Hutchmed China, Ltd. (ADR)2 | 1,350,035 | 17,064 | |
Hutchmed China, Ltd.2,3 | 2,554,000 | 6,295 | |
Medacta Group SA | 216,959 | 20,704 | |
Alnylam Pharmaceuticals, Inc.2 | 137,700 | 20,084 | |
Galapagos NV2 | 356,482 | 19,814 | |
Chemed Corp. | 42,000 | 19,714 | |
Zentalis Pharmaceuticals, Inc.2,3 | 683,000 | 19,192 | |
Zai Lab, Ltd. (ADR)2 | 551,078 | 19,111 | |
PetIQ, Inc., Class A2 | 1,115,100 | 18,722 | |
Hangzhou Tigermed Consulting Co., Ltd., Class A | 1,090,535 | 18,644 | |
Inhibrx, Inc.2,3 | 1,631,547 | 18,518 | |
Acerta Pharma BV2,4,5,6 | 195,556,815 | 18,343 | |
Brii Biosciences, Ltd.2,3 | 16,214,542 | 17,482 | |
Fleury SA, ordinary nominative shares | 5,540,900 | 17,258 | |
Gland Pharma, Ltd.2 | 501,818 | 17,167 | |
Sosei Group Corp.2,3 | 1,861,300 | 15,502 | |
Zealand Pharma A/S2,3 | 1,142,366 | 14,936 | |
CM Hospitalar SA | 5,671,671 | 14,869 | |
BICO Group AB, Class B2,3 | 1,616,518 | 14,020 | |
Sysmex Corp. | 220,300 | 13,259 | |
BONESUPPORT HOLDING AB2 | 1,895,760 | 13,083 | |
Editas Medicine, Inc.2 | 1,100,000 | 13,013 | |
Creo Medical Group PLC1,2,3 | 11,533,623 | 12,917 | |
Natera, Inc.2 | 363,000 | 12,865 | |
Nordhealth AS, Class A1,2 | 5,120,000 | 11,800 | |
Nevro Corp.2 | 253,000 | 11,089 | |
HBM Holdings, Ltd.2 | 20,876,000 | 10,828 | |
Precision BioSciences, Inc.1,2 | 6,715,043 | 10,744 | |
Classys, Inc. | 740,401 | 8,126 | |
Metropolis Healthcare, Ltd. | 438,403 | 7,808 | |
ChemoMetec A/S | 70,910 | 7,563 | |
IO Biotech, Inc.2 | 1,235,000 | 5,767 | |
Applied Molecular Transport, Inc.2,3 | 1,861,107 | 5,416 | |
Guardant Health, Inc.2 | 130,570 | 5,267 | |
Diagnósticos da América SA | 1,728,463 | 5,050 | |
Pulmonx Corp.2,3 | 335,500 | 4,939 | |
Vir Biotechnology, Inc.2 | 192,942 | 4,914 | |
Cellectis SA (ADR)2,3 | 831,037 | 2,352 | |
Cellectis SA, non-registered shares2,3 | 702,303 | 1,952 | |
Genetron Holdings, Ltd. (ADR)2,3 | 2,423,471 | 4,120 |
SMALLCAP World Fund — Page 11 of 30
unaudited
Common stocks (continued) Health care (continued) | Shares | Value (000) | |
OdontoPrev SA, ordinary nominative shares | 2,134,000 | $3,813 | |
KRY International AB, Series A2,4,5,6 | 19,744 | 3,704 | |
Intervacc AB2 | 850,000 | 3,491 | |
Implantica AG, Class A (SDR)2 | 700,000 | 3,219 | |
Scholar Rock Holding Corp.2 | 475,000 | 2,608 | |
Rubius Therapeutics, Inc.2,3 | 2,214,200 | 1,884 | |
IN8bio, Inc.2,3 | 774,742 | 1,883 | |
Acutus Medical, Inc.1,2 | 1,600,000 | 1,792 | |
Autolus Therapeutics PLC (ADR)2,3 | 625,000 | 1,769 | |
Hikal, Ltd. | 485,158 | 1,468 | |
Schrodinger, Inc.2 | 31,250 | 825 | |
7,950,907 | |||
Financials 9.02% | |||
Ares Management Corp., Class A | 5,174,776 | 294,238 | |
SVB Financial Group2 | 606,500 | 239,561 | |
Essent Group, Ltd.1 | 5,654,659 | 219,966 | |
AU Small Finance Bank, Ltd. | 25,866,800 | 193,807 | |
Trupanion, Inc.1,2 | 3,213,692 | 193,657 | |
Aavas Financiers, Ltd.1,2 | 6,214,636 | 158,603 | |
Independent Bank Group, Inc.1 | 2,166,153 | 147,103 | |
Eurobank Ergasias Services and Holdings SA2 | 164,571,100 | 145,420 | |
Cholamandalam Investment and Finance Co., Ltd. | 17,582,421 | 137,925 | |
Seacoast Banking Corporation of Florida1 | 4,156,901 | 137,344 | |
First Republic Bank | 945,825 | 136,388 | |
Bridgepoint Group PLC1 | 43,387,142 | 127,601 | |
SouthState Corp. | 1,648,777 | 127,203 | |
Capitec Bank Holdings, Ltd. | 983,153 | 119,784 | |
RenaissanceRe Holdings, Ltd. | 700,000 | 109,459 | |
Patria Investments, Ltd., Class A1,3 | 6,913,834 | 91,401 | |
TMX Group, Ltd. | 862,202 | 87,747 | |
Focus Financial Partners, Inc., Class A2 | 2,549,002 | 86,819 | |
East West Bancorp, Inc. | 1,308,975 | 84,822 | |
Stifel Financial Corp. | 1,477,350 | 82,761 | |
IIFL Wealth Management, Ltd. | 4,379,654 | 82,136 | |
IIFL Finance, Ltd.1 | 19,671,937 | 80,646 | |
Kinsale Capital Group, Inc. | 339,620 | 77,990 | |
Janus Henderson Group PLC | 3,303,741 | 77,671 | |
Western Alliance Bancorporation | 1,100,128 | 77,669 | |
National Bank of Greece SA2 | 25,886,303 | 76,581 | |
StepStone Group, Inc., Class A | 2,751,300 | 71,616 | |
Canara Bank | 26,973,076 | 61,906 | |
United Community Banks, Inc. | 2,039,000 | 61,557 | |
AJ Bell PLC | 18,325,000 | 59,917 | |
AUB Group, Ltd.1 | 4,786,609 | 58,414 | |
Valley National Bancorp | 5,495,000 | 57,203 | |
Banca Generali SpA3 | 1,972,252 | 55,722 | |
Goosehead Insurance, Inc., Class A | 1,150,786 | 52,556 | |
VZ Holding AG | 670,236 | 48,584 | |
Eastern Bankshares, Inc. | 2,618,000 | 48,328 | |
Euronext NV | 585,333 | 47,784 | |
Pine Labs Pte., Ltd.2,4,5,6 | 76,998 | 46,916 | |
Bolsa Mexicana de Valores, SAB de CV, Series A | 26,040,000 | 46,215 | |
SiriusPoint, Ltd.1,2 | 8,200,000 | 44,444 | |
The Bank of N.T. Butterfield & Son, Ltd. | 1,388,063 | 43,294 |
SMALLCAP World Fund — Page 12 of 30
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) | |
Remgro, Ltd. | 5,290,000 | $42,242 | |
Antin Infrastructure Partners SA | 1,779,762 | 42,002 | |
Enstar Group, Ltd.2 | 178,000 | 38,088 | |
City Union Bank, Ltd. | 22,576,453 | 38,036 | |
PacWest Bancorp | 1,426,000 | 38,017 | |
Virtu Financial, Inc., Class A | 1,566,000 | 36,660 | |
Aptus Value Housing Finance India, Ltd.2 | 10,049,461 | 35,860 | |
Webster Financial Corp. | 843,652 | 35,560 | |
Umpqua Holdings Corp. | 1,785,500 | 29,943 | |
Alpha Services and Holdings SA2 | 33,692,221 | 29,376 | |
Nova Ljubljanska Banka d.d. (GDR) | 2,365,833 | 29,008 | |
Glacier Bancorp, Inc. | 611,617 | 29,003 | |
Victory Capital Holdings, Inc., Class A | 1,196,000 | 28,824 | |
Moelis & Co., Class A | 719,000 | 28,293 | |
Silvergate Capital Corp., Class A2 | 526,951 | 28,208 | |
Korea Investment Holdings Co., Ltd. | 590,280 | 28,050 | |
Hilltop Holdings, Inc. | 1,000,000 | 26,660 | |
AssetMark Financial Holdings, Inc.2 | 1,350,000 | 25,339 | |
Artisan Partners Asset Management, Inc., Class A | 705,000 | 25,077 | |
Hiscox, Ltd. | 2,060,606 | 23,639 | |
WealthNavi, Inc.2,3 | 1,788,200 | 23,301 | |
Star Health & Allied Insurance Co., Ltd.2 | 3,400,000 | 21,040 | |
Qualitas Controladora, SAB de CV3 | 4,450,000 | 20,474 | |
eGuarantee, Inc. | 1,268,348 | 20,061 | |
Indian Energy Exchange, Ltd. | 9,921,791 | 19,945 | |
Redwood Trust, Inc. REIT3 | 2,562,000 | 19,753 | |
Radian Group, Inc. | 1,000,000 | 19,650 | |
The Tel Aviv Stock Exchange, Ltd. | 4,312,024 | 19,604 | |
PT Bank Raya Indonesia Tbk2 | 405,482,667 | 19,189 | |
ICICI Securities, Ltd. | 3,293,062 | 17,885 | |
NMI Holdings, Inc.2 | 950,000 | 15,817 | |
Linc AB2,3 | 2,358,208 | 14,177 | |
Angel One, Ltd. | 921,071 | 14,068 | |
Haci Ömer Sabanci Holding AS | 12,391,000 | 14,038 | |
Pinnacle Investment Management Group, Ltd. | 2,740,000 | 13,296 | |
Oscar Health, Inc., Class A2,3 | 2,751,000 | 11,692 | |
Hellenic Exchanges - Athens Stock Exchange SA1 | 3,500,000 | 11,554 | |
EFG International AG | 1,514,800 | 11,139 | |
Islandsbanki hf. | 11,632,054 | 10,545 | |
Funding Circle Holdings PLC2 | 14,713,073 | 10,173 | |
Fukuoka Financial Group, Inc. | 520,000 | 9,367 | |
Steadfast Group, Ltd. | 2,646,000 | 9,169 | |
Collector AB2 | 2,865,528 | 8,689 | |
BOK Financial Corp. | 113,986 | 8,615 | |
Piraeus Financial Holdings SA2 | 7,822,251 | 7,683 | |
Open Lending Corp.2 | 744,167 | 7,613 | |
HDFC Asset Management Co., Ltd. | 319,780 | 7,258 | |
Discovery, Ltd.2 | 899,883 | 7,086 | |
Allfunds Group PLC | 897,073 | 6,919 | |
PB Fintech, Ltd.2 | 687,700 | 4,989 | |
Uzabase, Inc.2,3 | 465,000 | 2,680 | |
TCS Group Holding PLC (GDR)2,4,5,8 | 31,700 | —7 | |
TCS Group Holding PLC (GDR)2,4,5 | 1,334,228 | —7 | |
5,244,112 |
SMALLCAP World Fund — Page 13 of 30
unaudited
Common stocks (continued) Consumer staples 3.96% | Shares | Value (000) | |
Emmi AG1 | 318,222 | $310,005 | |
Grocery Outlet Holding Corp.1,2 | 6,384,486 | 272,171 | |
Simply Good Foods Co., Class A1,2 | 5,770,500 | 217,952 | |
Shop Apotheke Europe NV, non-registered shares1,2,3 | 1,140,676 | 101,391 | |
Ocado Group PLC2 | 10,398,813 | 98,888 | |
BJ’s Wholesale Club Holdings, Inc.2 | 1,455,608 | 90,714 | |
Milbon Co., Ltd.1 | 2,378,500 | 83,531 | |
Monde Nissin Corp.2 | 350,959,960 | 82,977 | |
Sovos Brands, Inc.2 | 4,839,900 | 76,809 | |
Freshpet, Inc.2 | 1,333,452 | 69,193 | |
Celsius Holdings, Inc.2 | 1,054,465 | 68,814 | |
Varun Beverages, Ltd. | 6,634,383 | 66,413 | |
AAK AB | 4,066,576 | 66,347 | |
Raia Drogasil SA, ordinary nominative shares | 15,832,125 | 58,083 | |
Nu Skin Enterprises, Inc., Class A | 1,100,000 | 47,630 | |
Dole PLC1,3 | 5,417,807 | 45,835 | |
United Spirits, Ltd.2 | 4,506,665 | 43,356 | |
Performance Food Group Co.2 | 928,000 | 42,669 | |
Scandinavian Tobacco Group A/S | 2,163,780 | 42,315 | |
Vector Group, Ltd. | 3,971,496 | 41,701 | |
Jonjee Hi-Tech Industrial and Commercial Holding Co., Ltd., Class A2 | 6,624,986 | 34,252 | |
Bakkafrost P/F | 517,500 | 33,100 | |
Kotobuki Spirits Co., Ltd. | 577,400 | 31,449 | |
BidCorp, Ltd. | 1,640,857 | 30,945 | |
Fresh Del Monte Produce, Inc. | 1,028,000 | 30,357 | |
Hilton Food Group PLC | 2,327,506 | 28,956 | |
COSMOS Pharmaceutical Corp. | 287,909 | 27,649 | |
Sok Marketler Ticaret AS, non-registered shares1 | 37,067,550 | 25,450 | |
Royal Unibrew A/S | 280,000 | 24,791 | |
Fever-Tree Drinks PLC | 1,620,000 | 24,059 | |
Avenue Supermarts, Ltd.2 | 417,313 | 17,999 | |
Humble Group AB2 | 11,368,627 | 16,092 | |
PZ Cussons PLC | 6,017,310 | 14,415 | |
Century Pacific Food, Inc. | 25,901,000 | 10,363 | |
Nomad Foods, Ltd.2 | 500,000 | 9,995 | |
Icelandic Salmon AS2 | 515,000 | 8,104 | |
Zur Rose Group AG2,3 | 80,113 | 6,013 | |
Beyond Meat, Inc.2,3 | 73,395 | 1,757 | |
2,302,540 | |||
Materials 2.82% | |||
LANXESS AG1 | 4,654,264 | 166,711 | |
APL Apollo Tubes, Ltd.1 | 14,904,000 | 160,406 | |
Perimeter Solutions SA1,2,3 | 11,791,546 | 127,820 | |
Perimeter Solutions SA1,2 | 1,260,505 | 13,664 | |
Navin Fluorine International, Ltd.1 | 2,686,516 | 124,222 | |
CCL Industries, Inc., Class B, nonvoting shares | 2,262,200 | 106,924 | |
MMG, Ltd.2 | 190,768,000 | 70,990 | |
Summit Materials, Inc., Class A2 | 2,535,041 | 59,041 | |
JSR Corp. | 2,082,700 | 54,032 | |
Lundin Mining Corp. | 8,514,400 | 53,976 | |
H.B. Fuller Co. | 866,200 | 52,154 | |
Deepak Fertilisers & Petrochemicals Corp., Ltd.1,2 | 6,544,000 | 49,267 | |
Nanofilm Technologies International, Ltd. | 26,356,770 | 44,203 | |
PI Industries, Ltd. | 1,362,000 | 44,142 |
SMALLCAP World Fund — Page 14 of 30
unaudited
Common stocks (continued) Materials (continued) | Shares | Value (000) | |
Allegheny Technologies, Inc.2 | 1,868,650 | $42,437 | |
JCU Corp.1 | 1,492,900 | 37,246 | |
Yamato Kogyo Co., Ltd. | 1,043,900 | 34,545 | |
Toyo Gosei Co., Ltd.1 | 505,300 | 30,613 | |
Mayr-Melnhof Karton AG, non-registered shares3 | 171,841 | 29,173 | |
Intrepid Potash, Inc.2 | 634,276 | 28,726 | |
OZ Minerals, Ltd. | 2,265,000 | 27,766 | |
Labrador Iron Ore Royalty Corp.3 | 1,156,000 | 25,460 | |
Re:NewCell AB1,2,3 | 2,702,272 | 25,438 | |
Shandong Sinocera Functional Material Co., Ltd., Class A | 4,713,974 | 25,294 | |
Vinati Organics, Ltd.2 | 943,000 | 23,678 | |
Aluflexpack AG1,2,3 | 1,309,666 | 21,950 | |
Kansai Paint Co., Ltd. | 1,642,000 | 20,936 | |
Indigo Paints, Ltd.2 | 1,103,244 | 19,497 | |
Berger Paints India, Ltd. | 2,500,993 | 17,998 | |
Venator Materials PLC1,2 | 8,519,540 | 17,721 | |
Arkema SA | 197,500 | 17,576 | |
Alcoa Corp. | 350,000 | 15,953 | |
Recticel SA/NV | 873,200 | 13,031 | |
Vidrala, SA, non-registered shares | 125,996 | 9,137 | |
Gerdau SA (ADR) | 2,011,500 | 8,629 | |
Yamana Gold, Inc.3 | 1,837,943 | 8,546 | |
Fuso Chemical Co., Ltd. | 283,300 | 7,412 | |
Carbios SA2,3 | 161,315 | 5,055 | |
1,641,369 | |||
Energy 2.82% | |||
New Fortress Energy, Inc., Class A3 | 4,463,000 | 176,601 | |
Coterra Energy, Inc. | 6,350,059 | 163,768 | |
Northern Oil and Gas, Inc.1 | 6,054,000 | 152,924 | |
MEG Energy Corp.2 | 9,706,076 | 134,371 | |
Chesapeake Energy Corp.3 | 1,434,104 | 116,306 | |
DT Midstream, Inc. | 2,254,834 | 110,532 | |
Gaztransport & Technigaz SA | 876,420 | 109,754 | |
Vallourec SA2 | 8,321,708 | 99,286 | |
Helmerich & Payne, Inc. | 2,018,049 | 86,897 | |
Viper Energy Partners LP | 2,489,354 | 66,416 | |
Pioneer Natural Resources Company | 268,053 | 59,797 | |
Worley, Ltd. | 5,701,172 | 56,038 | |
Cactus, Inc., Class A | 1,149,091 | 46,274 | |
Savannah Energy PLC1,2 | 96,128,672 | 40,956 | |
Subsea 7 SA | 3,742,357 | 29,917 | |
Venture Global LNG, Inc., Series C2,4,5,6,8 | 4,240 | 29,090 | |
Magnolia Oil & Gas Corp., Class A | 1,323,743 | 27,785 | |
ProFrac Holding Corp., Class A2,3 | 1,451,849 | 26,583 | |
Denbury, Inc.2 | 406,329 | 24,376 | |
Golar LNG Ltd.2 | 987,754 | 22,471 | |
Equitrans Midstream Corp. | 3,390,447 | 21,563 | |
Headwater Exploration, Inc.2 | 5,105,000 | 21,456 | |
TechnipFMC PLC2 | 2,500,000 | 16,825 | |
1,639,986 |
SMALLCAP World Fund — Page 15 of 30
unaudited
Common stocks (continued) Communication services 2.48% | Shares | Value (000) | |
Iridium Communications, Inc.2 | 4,845,068 | $181,981 | |
Iridium Communications, Inc.2,8 | 636,132 | 23,893 | |
JCDecaux SA1,2 | 10,920,201 | 183,445 | |
Lions Gate Entertainment Corp., Class B2 | 17,483,850 | 154,382 | |
dip Corp. | 3,001,500 | 83,068 | |
New York Times Co., Class A | 2,752,638 | 76,799 | |
Ubisoft Entertainment SA2 | 1,461,201 | 64,160 | |
Frontier Communications Parent, Inc.2 | 2,609,825 | 61,435 | |
Viaplay Group AB, Class B2 | 2,585,855 | 53,058 | |
Ascential PLC2 | 16,215,477 | 51,243 | |
Pearson PLC | 5,591,034 | 51,031 | |
JOYY, Inc., Class A (ADR) | 1,292,418 | 38,592 | |
Nextdoor Holdings, Inc., Class A2,3 | 10,697,393 | 35,408 | |
4imprint Group PLC | 1,230,089 | 34,739 | |
Megacable Holdings, SAB de CV, ordinary participation certificates | 13,468,136 | 32,730 | |
Cable One, Inc. | 25,321 | 32,647 | |
YouGov PLC | 2,997,794 | 31,383 | |
Trustpilot Group PLC1,2 | 21,127,621 | 26,079 | |
Paradox Interactive AB3 | 1,473,435 | 25,703 | |
CTS Eventim AG & Co. KGaA2 | 471,400 | 24,700 | |
Hemnet Group AB | 1,928,030 | 23,691 | |
Rightmove PLC | 3,401,000 | 23,532 | |
Bandwidth, Inc., Class A2 | 1,160,982 | 21,850 | |
Direct Marketing MIX, Inc. | 1,631,100 | 20,689 | |
PLAYSTUDIOS, Inc., Class A2 | 4,500,000 | 19,260 | |
Pebble Group PLC1,2,3 | 13,392,050 | 16,302 | |
VTEX, Class A2,3 | 5,021,890 | 15,467 | |
MTN Group, Ltd. | 1,458,066 | 11,834 | |
Huuuge, Inc.2,3 | 2,095,339 | 8,393 | |
Boat Rocker Media, Inc.2 | 2,611,926 | 5,702 | |
Playtika Holding Corp.2 | 346,700 | 4,590 | |
Bambuser AB2,3 | 3,263,505 | 1,242 | |
Yandex NV, Class A2,4,5 | 1,530,000 | —7 | |
1,439,028 | |||
Real estate 1.49% | |||
DigitalBridge Group, Inc. REIT, Class A2 | 29,680,327 | 144,840 | |
Altus Group, Ltd.1 | 3,587,045 | 124,259 | |
Embassy Office Parks REIT | 25,958,400 | 123,003 | |
CIFI Ever Sunshine Services Group, Ltd.3 | 75,444,025 | 96,146 | |
Concentradora Fibra Danhos REIT, SA de CV | 57,954,482 | 64,671 | |
JHSF Participações SA1 | 46,022,472 | 51,268 | |
Mindspace Business Parks REIT | 9,000,000 | 39,932 | |
Macrotech Developers, Ltd.2 | 2,331,038 | 31,554 | |
Cushman & Wakefield PLC2 | 1,862,000 | 28,377 | |
FirstService Corp.3 | 200,000 | 24,260 | |
SRE Holdings Corp.1,2 | 1,290,828 | 21,682 | |
K-Fast Holding AB, Class B1,2,3 | 9,796,068 | 19,420 | |
Zillow Group, Inc., Class C, nonvoting shares2,3 | 525,000 | 16,669 | |
Genova Property Group AB1,2 | 2,126,731 | 16,382 | |
ESR-Logos REIT2 | 51,735,500 | 15,082 | |
Samhallsbyggnadsbolaget i Norden AB, Class B3 | 7,264,000 | 12,096 | |
Swedish Logistic Property AB, Class B2 | 4,739,069 | 11,860 | |
Douglas Elliman, Inc. | 1,832,215 | 8,776 | |
Fastighets AB Balder, Class B2 | 1,385,250 | 6,637 |
SMALLCAP World Fund — Page 16 of 30
unaudited
Common stocks (continued) Real estate (continued) | Shares | Value (000) | |
Americold Realty Trust, Inc. | 217,800 | $6,543 | |
Corp. Inmobiliaria Vesta, SAB de CV | 1,105,440 | 2,056 | |
Shimao Services Holdings, Ltd.2,3 | 2,505,000 | 1,207 | |
866,720 | |||
Utilities 0.44% | |||
AC Energy Corp. | 703,286,920 | 102,836 | |
ENN Energy Holdings, Ltd. | 3,166,000 | 52,008 | |
Black Hills Corp. | 594,100 | 43,233 | |
Brookfield Infrastructure Corp., Class A, subordinate voting shares3 | 990,150 | 42,023 | |
Neoenergia SA | 5,959,000 | 16,988 | |
Mytrah Energy, Ltd.1,2,4,5 | 10,418,000 | 127 | |
257,215 | |||
Total common stocks (cost: $44,747,165,000) | 50,080,332 | ||
Preferred securities 1.30% Industrials 0.44% | |||
Einride AB, Series B, preferred shares1,2,4,5,6 | 1,334,588 | 79,719 | |
Einride AB, Series A, preferred shares1,2,4,5,6 | 11,990 | 716 | |
Azul SA, preferred nominative shares (ADR)2,3 | 7,279,081 | 51,681 | |
Azul SA, preferred nominative shares2 | 771,000 | 1,824 | |
Relativity Space, Inc., Series D, preferred shares1,2,4,5,6 | 2,143,751 | 39,166 | |
Relativity Space, Inc., Series E, preferred shares1,2,4,5,6 | 464,197 | 8,481 | |
ABL Space Systems Co., Series B, preferred shares2,4,5,6 | 777,162 | 44,920 | |
WorkRise Technologies, Inc., Series E, preferred shares2,4,5,6 | 95,423 | 27,715 | |
254,222 | |||
Information technology 0.36% | |||
Skyryse, Inc., Series B, preferred shares1,2,4,5,6 | 1,649,110 | 40,700 | |
Outreach Corp., Series G, preferred shares2,4,5,6 | 1,554,053 | 35,386 | |
PsiQuantum Corp., Series D, preferred shares2,4,5,6 | 1,334,542 | 35,000 | |
SiFive, Inc., Series F, preferred shares2,4,5,6 | 3,451,632 | 25,000 | |
Patreon, Inc., Series E, preferred shares2,4,5,6 | 698,208 | 18,307 | |
Patreon, Inc., Series Seed, preferred shares2,4,5,6 | 163,096 | 4,276 | |
ANDPAD, Inc., Series D, preferred shares2,4,5,6 | 459,413 | 19,639 | |
Yotpo, Ltd., Series F, preferred shares2,4,5,6,8 | 8,332,809 | 13,416 | |
Yotpo, Ltd., Series B, preferred shares2,4,5,6,8 | 1,111,347 | 1,789 | |
Yotpo, Ltd., Series C, preferred shares2,4,5,6,8 | 1,057,985 | 1,704 | |
Yotpo, Ltd., Series A-1, preferred shares2,4,5,6,8 | 709,592 | 1,143 | |
Yotpo, Ltd., Series A, preferred shares2,4,5,6,8 | 345,899 | 557 | |
Yotpo, Ltd., Series C-1, preferred shares2,4,5,6,8 | 293,302 | 472 | |
Yotpo, Ltd., Series D, preferred shares2,4,5,6,8 | 163,552 | 263 | |
Yotpo, Ltd., Series B-1, preferred shares2,4,5,6,8 | 130,625 | 210 | |
Kandou Holding SA, Series D, preferred shares2,4,5,6 | 2,142,857 | 12,750 | |
210,612 | |||
Financials 0.20% | |||
PPRO Holding GMBS, Series B, 8.00% preferred shares1,2,4,5,6 | 13,618 | 82,231 | |
Pine Labs Pte., Ltd., Series J, cumulative preferred shares2,4,5,6 | 57,100 | 34,792 | |
117,023 |
SMALLCAP World Fund — Page 17 of 30
unaudited
Preferred securities (continued) Health care 0.17% | Shares | Value (000) | |
Laronde, Inc., Series B, 6.00% preferred shares2,4,5,6 | 1,785,714 | $45,750 | |
KRY International AB, Series E, preferred shares2,4,5,6 | 114,059 | 21,396 | |
InSilico Medicine Cayman TopCo, Series D, preferred shares2,4,5,6 | 383,431 | 15,000 | |
Bluestar Genomics, Inc., Series C, noncumulative preferred shares, 5.00% 20221,2,4,5,6 | 1,531,102 | 9,814 | |
Artiva Biotherapeutics, Inc., Series B, preferred shares2,4,5,6 | 636,364 | 7,000 | |
PACT Pharma, Inc., Series C, 8.00% noncumulative preferred shares2,4,5,6 | 4,397,107 | 3,078 | |
102,038 | |||
Consumer discretionary 0.07% | |||
StockX, Inc., Series E-1, preferred shares2,4,5,6 | 222,222 | 15,954 | |
StockX, Inc., Series AA, preferred shares2,4,5,6 | 57,338 | 4,116 | |
StockX, Inc., Series B, preferred shares2,4,5,6 | 3,094 | 222 | |
Cava Group, Inc., Series F, preferred shares2,4,5,6,8 | 664,364 | 17,851 | |
38,143 | |||
Real estate 0.06% | |||
QuintoAndar, Ltd., Series E-1, preferred shares2,4,5,6 | 244,733 | 36,911 | |
Total preferred securities (cost: $790,103,000) | 758,949 | ||
Rights & warrants 0.15% Information technology 0.13% | |||
OPT Machine Vision Tech Co., Ltd., Class A, warrants, expire 20232,4,8 | 1,918,000 | 74,106 | |
Foursquare Labs, Inc., warrants, expire 20332,4,5,6 | 1,163,990 | 48 | |
74,154 | |||
Industrials 0.02% | |||
Centre Testing International Group Co., Ltd., Class A, warrants, expire 20232,4,8 | 3,799,918 | 13,175 | |
Momentus, Inc., warrants, expire 20262 | 2,225,000 | 619 | |
13,794 | |||
Total rights & warrants (cost: $109,732,000) | 87,948 | ||
Convertible stocks 0.04% Information technology 0.04% | |||
Tarana Wireless, Inc., Series 6, noncumulative convertible preferred shares4,5,6 | 14,888,589 | 10,273 | |
RealSelf, Inc., Series C, convertible preferred shares1,4,5,6 | 3,468,862 | 9,748 | |
20,021 | |||
Total convertible stocks (cost: $31,179,000) | 20,021 | ||
Convertible bonds & notes 0.00% Industrials 0.00% | Principal amount (000) | ||
Einride AB, convertible notes, 7.00% 20231,4,5,6 | USD1,500 | 1,781 | |
Total convertible bonds & notes (cost: $1,500,000) | 1,781 | ||
SMALLCAP World Fund — Page 18 of 30
unaudited
Short-term securities 14.43% Money market investments 12.48% | Shares | Value (000) | |
Capital Group Central Cash Fund 1.38%1,9 | 72,577,369 | $7,256,285 | |
Money market investments purchased with collateral from securities on loan 1.95% | |||
Capital Group Central Cash Fund 1.38%1,9,10 | 3,951,560 | 395,077 | |
Goldman Sachs Financial Square Government Fund, Institutional Shares 1.39%9,10 | 181,300,000 | 181,300 | |
BlackRock Liquidity Funds – FedFund, Institutional Shares 1.32%9,10 | 170,000,000 | 170,000 | |
State Street Institutional U.S. Government Money Market Fund, Premier Class 1.43%9,10 | 158,700,000 | 158,700 | |
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 1.38%9,10 | 136,000,000 | 136,000 | |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 1.38%9,10 | 92,604,558 | 92,605 | |
1,133,682 | |||
Total short-term securities (cost: $8,391,188,000) | 8,389,967 | ||
Total investment securities 102.06% (cost: $54,070,867,000) | 59,338,998 | ||
Other assets less liabilities (2.06)% | (1,199,916) | ||
Net assets 100.00% | $58,139,082 |
Investments in affiliates1
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 6/30/2022 (000) | Dividend or interest income (000) | |
Common stocks 23.87% | |||||||
Industrials 6.68% | |||||||
IMCD NV | $668,138 | $— | $123,397 | $63,079 | $(212,364) | $395,456 | $4,914 |
Saia, Inc.2 | 349,105 | 87,075 | — | — | (83,075) | 353,105 | — |
BayCurrent Consulting, Inc. | 624,379 | 15,553 | 53,725 | 8,796 | (290,728) | 304,275 | 1,829 |
Diploma PLC | 374,585 | 297 | — | — | (104,502) | 270,380 | 5,967 |
Comfort Systems USA, Inc. | 137,040 | 94,086 | 25,047 | (2,641) | 18,883 | 222,321 | 977 |
Armstrong World Industries, Inc. | 205,914 | 68,023 | — | — | (64,026) | 209,911 | 1,828 |
Japan Airport Terminal Co., Ltd.2 | 189,109 | 50,823 | 11,881 | (2,070) | (37,889) | 188,092 | — |
Arcosa, Inc. | 176,368 | 18,694 | — | — | (15,706) | 179,356 | 547 |
Matson, Inc. | 159,322 | 20,147 | — | — | (22,835) | 156,634 | 1,829 |
Harmonic Drive Systems, Inc.3 | 149,749 | 87,721 | 13,367 | (12,426) | (68,024) | 143,653 | 436 |
Visional, Inc.2,3 | 186,716 | — | — | — | (55,975) | 130,741 | — |
ATS Automation Tooling System, Inc.2 | — | 166,207 | — | — | (38,608) | 127,599 | — |
Carel Industries SpA | 186,704 | — | 21,300 | 9,917 | (55,848) | 119,473 | 947 |
EnPro Industries, Inc. | 72,321 | 66,947 | — | — | (21,885) | 117,383 | 1,039 |
Alfen NV2,3 | 134,619 | — | 3,574 | (1,024) | (15,288) | 114,733 | — |
Johns Lyng Group, Ltd. | 79,441 | 13,116 | — | — | (10,960) | 81,597 | 399 |
Japan Elevator Service Holdings Co., Ltd. | 163,396 | — | — | — | (89,506) | 73,890 | 816 |
Instalco AB | 158,007 | — | — | — | (86,534) | 71,473 | 1,130 |
KEI Industries, Ltd. | — | 62,117 | — | — | 3,939 | 66,056 | 102 |
DO & CO AG, non-registered shares2,3 | 63,241 | — | — | — | 1,702 | 64,943 | — |
Volution Group PLC | 37,413 | 67,773 | — | — | (40,938) | 64,248 | 848 |
Marlowe PLC2,3 | 69,724 | 9,520 | — | — | (17,045) | 62,199 | — |
Pegasus Hava Tasimaciligi AS2 | 52,880 | — | — | — | 9,176 | 62,056 | — |
Interface, Inc. | 71,524 | — | — | — | (12,322) | 59,202 | 142 |
Montrose Environmental Group, Inc.2 | 95,694 | 49,261 | 24,695 | (21,647) | (43,790) | 54,823 | — |
SMALLCAP World Fund — Page 19 of 30
unaudited
Investments in affiliates1 (continued)
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 6/30/2022 (000) | Dividend or interest income (000) | |
Montana Aerospace AG2 | $98,830 | $11,248 | $— | $— | $(58,536) | $51,542 | $— |
Antares Vision SpA2,3 | 67,179 | — | — | — | (19,280) | 47,899 | — |
Midac Holdings Co., Ltd.3 | 58,547 | 10,651 | — | — | (32,569) | 36,629 | 51 |
Fasadgruppen Group AB | 66,194 | 3,933 | — | — | (38,188) | 31,939 | 458 |
Einride AB2,4,5,6 | 13,640 | — | — | — | 9,721 | 23,361 | — |
Azelio AB2,4,11 | 20,939 | — | 4,008 | (24,441) | 7,510 | — | — |
Barrett Business Services, Inc.11 | 46,577 | — | 39,544 | 3,412 | (10,445) | — | 183 |
Boyd Group Services, Inc.3,12 | 237,086 | 21,580 | 61,128 | (21,964) | (78,578) | — | 365 |
GVS SpA2,12 | 174,811 | 19,196 | 64,546 | (6,317) | (60,865) | — | — |
Sun Country Airlines Holdings, Inc.2,12 | 104,947 | 13,080 | 48,563 | (12,347) | (25,726) | — | — |
Wizz Air Holdings PLC2,12 | 259,859 | 200,818 | 103,960 | (94,735) | (174,984) | — | — |
3,884,969 | |||||||
Information technology 3.61% | |||||||
eMemory Technology, Inc.4 | 425,376 | 42,851 | 21,756 | 16,739 | (241,269) | 221,941 | 3,038 |
Kulicke and Soffa Industries, Inc. | 277,553 | 12,063 | — | — | (76,331) | 213,285 | 2,541 |
ALTEN SA, non-registered shares | 218,256 | 104,551 | 22,602 | (8,764) | (81,028) | 210,413 | 2,692 |
Global Unichip Corp. | 122,936 | 65,715 | — | — | (15,233) | 173,418 | 2,564 |
Keywords Studios PLC | 237,154 | 1,976 | — | — | (76,011) | 163,119 | 169 |
Dexerials Corp. | 63,639 | 63,301 | — | — | 10,269 | 137,209 | 1,282 |
Net One Systems Co., Ltd. | 226,584 | 4,016 | 33,057 | (7,427) | (65,783) | 124,333 | 1,736 |
Tanla Platforms, Ltd. | 112,334 | — | — | — | 4,587 | 116,921 | — |
Network International Holdings PLC2 | 215,255 | 3,811 | 14,139 | (12,847) | (100,333) | 91,747 | — |
Credo Technology Group Holding, Ltd.2,4,8 | — | 24,322 | — | — | 25,056 | 49,378 | — |
Credo Technology Group Holding, Ltd.2,3 | — | 34,446 | — | — | 5,787 | 40,233 | — |
Crayon Group Holding ASA2 | 75,090 | 60,519 | — | — | (46,466) | 89,143 | — |
PAR Technology Corp.2,3 | 125,429 | 6,227 | — | — | (51,425) | 80,231 | — |
Bytes Technology Group PLC | 80,157 | 22,699 | — | — | (27,311) | 75,545 | 346 |
Extreme Networks, Inc.2 | 52,435 | 63,818 | 20,919 | (10,951) | (14,120) | 70,263 | — |
Zuken, Inc. | 59,358 | 11,512 | 3,399 | (1,649) | (23,931) | 41,891 | 311 |
91APP, Inc. | 1,012 | 94,730 | 7,973 | (10,119) | (41,804) | 35,846 | — |
Megaport, Ltd.2 | 132,815 | 10,407 | 28,970 | 14,002 | (93,792) | 34,462 | — |
Boku, Inc.2,8 | 53,644 | — | — | — | (27,989) | 25,655 | — |
eCloudvalley Digital Technology Co., Ltd. | 30,937 | 6,339 | — | — | (13,490) | 23,786 | — |
SmartCraft ASA, Class A2 | 34,172 | — | — | — | (12,486) | 21,686 | — |
Avaya Holdings Corp.2 | 53,532 | 65,854 | — | — | (104,260) | 15,126 | — |
Cherry AG2,3 | 51,120 | 1,201 | 170 | (238) | (39,718) | 12,195 | — |
Cherry AG2,4,11 | 1,160 | — | 1,201 | — | 41 | — | — |
Softline Holding PLC (GDR)2,4,5,8 | — | 79,875 | — | — | (67,734) | 12,141 | — |
Softline Holding PLC (GDR)2,4,5 | — | 75 | — | — | (64) | 11 | — |
MotorK, Ltd.2 | — | 17,279 | — | — | (9,132) | 8,147 | — |
WeCommerce Holdings, Ltd., Class A2,3 | — | 21,801 | 576 | (1,131) | (14,265) | 5,829 | — |
Unifiedpost Group SA2 | 50,611 | — | 3,188 | (9,775) | (31,858) | 5,790 | — |
Appier Group, Inc.2,4,11 | 81,454 | 9,376 | 53,018 | (55,578) | 17,766 | — | — |
AvidXchange Holdings, Inc.2,3,12 | — | 307,548 | 145,915 | (68,874) | (44,274) | — | — |
Bottomline Technologies (DE), Inc.2,11 | 140,399 | — | 201,074 | 37,297 | 23,378 | — | — |
Computer Age Management Services, Ltd.12 | 128,344 | — | 61,105 | 20,869 | (45,998) | — | 824 |
Dock, Ltd.2,4,5,6,12 | 27,080 | — | — | — | 31,960 | — | — |
Dye & Durham, Ltd.3,12 | 121,192 | 4,832 | 37,736 | (27,841) | (19,862) | — | 198 |
EcoOnline Holding AS2,11 | 29,071 | — | 22,344 | (7,072) | 345 | — | — |
SMALLCAP World Fund — Page 20 of 30
unaudited
Investments in affiliates1 (continued)
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 6/30/2022 (000) | Dividend or interest income (000) | |
GB Group PLC12 | $125,523 | $4,053 | $77,565 | $(6,991) | $(34,279) | $— | $104 |
Hennge KK2,4,11 | 56,060 | — | 15,958 | (29,775) | (10,327) | — | — |
Ideagen PLC4,11 | 86,794 | 10,402 | 100,302 | 10,869 | (7,763) | — | 112 |
LPKF Laser & Electronics AG, non-registered shares2,3,12 | 44,674 | — | 12,565 | (12,641) | (10,704) | — | — |
Money Forward, Inc.2,3,12 | 235,170 | 12,778 | 26,199 | (48,094) | (110,231) | — | — |
Nagarro SE2,3,12 | 144,449 | — | 48,024 | 22,686 | (52,852) | — | — |
Netcompany Group AS, non-registered shares2,12 | 311,683 | — | 86,627 | 52,882 | (181,021) | — | — |
SHIFT, Inc.2,12 | 281,192 | 31,760 | 137,255 | 38,150 | (119,846) | — | — |
Smaregi, Inc.2,11 | 34,016 | — | 8,246 | (11,349) | (14,421) | — | — |
2,099,744 | |||||||
Consumer discretionary 4.87% | |||||||
TopBuild Corp.2 | 411,907 | 2,964 | 27,834 | 6,652 | (78,517) | 315,172 | — |
Helen of Troy, Ltd.2 | 433,116 | 60,079 | 57,609 | (2,254) | (119,847) | 313,485 | — |
Tube Investments of India, Ltd. | 288,934 | 21,054 | 68,794 | 14,168 | 50,726 | 306,088 | 395 |
YETI Holdings, Inc.2 | 518,842 | 62,702 | — | — | (278,009) | 303,535 | — |
Leslie’s, Inc.2,3 | 115,326 | 96,356 | — | — | (57,443) | 154,239 | — |
Kindred Group PLC (SDR) | 211,253 | 52,927 | 9,002 | (9,557) | (101,030) | 144,591 | 7,417 |
WH Smith PLC2 | 120,874 | 39,328 | — | — | (38,954) | 121,248 | — |
Pets at Home Group PLC | 43,482 | 121,043 | — | — | (45,157) | 119,368 | 3,384 |
Everi Holdings, Inc.2 | 170,435 | — | — | — | (55,472) | 114,963 | — |
Watches of Switzerland Group PLC2 | 153,430 | 52,708 | 32,114 | (19,609) | (40,325) | 114,090 | — |
Auction Technology Group PLC2 | 148,698 | 23,679 | — | — | (64,852) | 107,525 | — |
MakeMyTrip, Ltd., non-registered shares2 | 34,933 | 76,137 | — | — | (11,514) | 99,556 | — |
Bajaj Electricals, Ltd. | 126,568 | — | 9,380 | 1,689 | (34,396) | 84,481 | — |
Domino’s Pizza Group PLC | 129,598 | — | — | — | (46,412) | 83,186 | 2,176 |
Golden Entertainment, Inc.2 | 55,286 | 37,842 | — | — | (18,992) | 74,136 | — |
Jack in the Box, Inc. | — | 103,527 | — | — | (38,682) | 64,845 | 974 |
Snow Peak, Inc.3 | — | 66,358 | — | — | (5,333) | 61,025 | 266 |
Musti Group OYJ | 86,680 | 7,155 | — | — | (46,929) | 46,906 | 644 |
BHG Group AB2,3 | 143,245 | — | — | — | (111,854) | 31,391 | — |
AcadeMedia AB | 38,581 | 4,837 | — | — | (14,351) | 29,067 | 1,098 |
RVRC Holding AB | 48,538 | 1,770 | — | — | (24,839) | 25,469 | 444 |
JOANN, Inc.3 | 30,404 | — | — | — | (9,252) | 21,152 | 873 |
Beazer Homes USA, Inc.2 | 28,632 | — | — | — | (8,598) | 20,034 | — |
MADE.com Group PLC2,3 | 58,379 | — | — | — | (40,101) | 18,278 | — |
Porch Group, Inc.2,3 | 113,369 | 7,352 | 13,321 | (32,975) | (56,223) | 18,202 | — |
Lojas Quero-Quero SA | 44,684 | — | — | — | (28,375) | 16,309 | 325 |
Westwing Group SE, non-registered shares2,3 | 44,293 | 14,507 | 2,636 | (9,950) | (35,907) | 10,307 | — |
Bike24 Holding AG2,3 | 90,361 | — | 6,719 | (229) | (73,274) | 10,139 | — |
BNN Technology PLC2,4,5 | —7 | — | — | — | —7 | —7 | — |
Cary Group AB2,4,11 | 79,878 | — | 63,752 | — | (16,126) | — | — |
Cary Group AB2,3,12 | — | 63,752 | 22,129 | (6,849) | (8,234) | — | — |
Cairn Homes PLC12 | — | 51,482 | 20,935 | (595) | (42) | — | 872 |
Cairn Homes PLC2,4,11 | 57,942 | — | 51,482 | — | (6,460) | — | — |
Del Taco Restaurants, Inc.11 | 20,974 | — | 29,859 | 3,106 | 5,779 | — | 96 |
Desenio Group AB2,11 | 19,095 | 12,550 | 5,731 | (56,158) | 30,244 | — | — |
Gourmet Master Co., Ltd.4,11 | 49,381 | — | 34,236 | (16,615) | 1,470 | — | — |
OneSpaWorld Holdings, Ltd.2,3,11 | 53,370 | — | 53,042 | 7,401 | (7,729) | — | — |
SMALLCAP World Fund — Page 21 of 30
unaudited
Investments in affiliates1 (continued)
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 6/30/2022 (000) | Dividend or interest income (000) | |
Purple Innovation, Inc., Class A2,11 | $80,885 | $— | $34,552 | $(57,914) | $11,581 | $— | $— |
zooplus AG, non-registered shares2,4,11 | 263,323 | — | 257,235 | 213,610 | (219,698) | — | — |
2,828,787 | |||||||
Health care 2.25% | |||||||
Haemonetics Corp.2 | 35,041 | 214,667 | — | — | 16,803 | 266,511 | — |
PolyPeptide Group AG | 306,892 | 27,631 | 52,611 | (18,010) | (132,263) | 131,639 | 818 |
Xenon Pharmaceuticals, Inc.2 | 30,854 | 61,512 | 4,937 | (993) | 30,909 | 117,345 | — |
Genus PLC | 154,518 | 106,883 | 6,196 | (4,012) | (144,407) | 106,786 | 1,439 |
Amvis Holdings, Inc. | 68,450 | 78,868 | — | — | (41,025) | 106,293 | — |
Silk Road Medical, Inc.2 | 152,688 | 568 | — | — | (51,669) | 101,587 | — |
Addus HomeCare Corp.2 | 74,877 | — | — | — | 3,315 | 78,192 | — |
New Horizon Health, Ltd.2,3 | 58,291 | 34,719 | — | — | (24,168) | 68,842 | — |
Ocumension Therapeutics2,3 | 88,719 | 1,387 | — | — | (22,665) | 67,441 | — |
Revance Therapeutics, Inc.2 | 125,722 | 19,399 | 18,675 | (19,353) | (43,659) | 63,434 | — |
Pacific Biosciences of California, Inc.2,3 | 249,229 | 36,873 | — | — | (227,520) | 58,582 | — |
Medmix AG | 84,065 | 34,592 | — | — | (60,458) | 58,199 | 1,295 |
Surgical Science Sweden AB2 | 38,888 | 44,905 | — | — | (34,933) | 48,860 | — |
Surgical Science Sweden AB2,4,11 | 50,624 | — | 44,905 | — | (5,719) | — | — |
Creo Medical Group PLC2,3 | 26,954 | — | — | — | (14,037) | 12,917 | — |
Nordhealth AS, Class A2 | 25,989 | — | — | — | (14,189) | 11,800 | — |
Precision BioSciences, Inc.2 | 49,264 | 3,400 | — | — | (41,920) | 10,744 | — |
Acutus Medical, Inc.2 | 14,144 | — | — | — | (12,352) | 1,792 | — |
Adaptimmune Therapeutics PLC (ADR)2,11 | 41,374 | — | 17,333 | (15,147) | (8,894) | — | — |
Allakos, Inc.2,11 | 401,101 | — | 173,447 | 82,236 | (309,890) | — | — |
BICO Group AB, Class B2,3,12 | 192,639 | 37,534 | 35,884 | (88,121) | (92,148) | — | — |
Cellectis SA (ADR)2,3,12 | 27,923 | 2,959 | 6,153 | (35,629) | 13,252 | — | — |
Cellectis SA, non-registered shares2,3,12 | 15,170 | — | 2,284 | (12,982) | 2,048 | — | — |
Cortexyme, Inc.2,3,11 | 205,553 | 19,079 | 31,744 | (23,204) | (169,684) | — | — |
Mani, Inc.4,11 | 102,420 | — | 72,885 | (28,693) | (842) | — | 319 |
Metropolis Healthcare, Ltd.12 | 126,134 | — | 92,733 | 51,251 | (76,844) | — | 204 |
Pulmonx Corp.2,3,12 | 99,107 | 5,900 | 43,334 | (60,612) | 3,878 | — | — |
Zealand Pharma A/S2,3,12 | 69,352 | 1,001 | 18,086 | (24,021) | (13,310) | — | — |
1,310,964 | |||||||
Financials 2.19% | |||||||
Essent Group, Ltd. | 197,200 | 75,821 | 25,443 | (539) | (27,073) | 219,966 | 2,802 |
Trupanion, Inc.2 | 241,636 | 8,695 | 786 | 626 | (56,514) | 193,657 | — |
Aavas Financiers, Ltd.2 | 213,203 | 4,001 | 5,798 | (1,027) | (51,776) | 158,603 | — |
Independent Bank Group, Inc. | 157,257 | 37,282 | 37,894 | (3,383) | (6,159) | 147,103 | 2,798 |
Seacoast Banking Corporation of Florida | 138,854 | 1,911 | — | — | (3,421) | 137,344 | 1,781 |
Bridgepoint Group PLC | 254,040 | 35,504 | 327 | (487) | (161,129) | 127,601 | 2,010 |
Patria Investments, Ltd., Class A3 | 91,511 | 21,735 | — | — | (21,845) | 91,401 | 3,287 |
IIFL Finance, Ltd. | 23,507 | 54,199 | — | — | 2,940 | 80,646 | 920 |
AUB Group, Ltd. | — | 78,727 | — | — | (20,313) | 58,414 | 407 |
SiriusPoint, Ltd.2 | 55,772 | 18,623 | — | — | (29,951) | 44,444 | — |
Hellenic Exchanges - Athens Stock Exchange SA | 13,967 | — | — | — | (2,413) | 11,554 | 568 |
Uzabase, Inc.2,3,12 | 46,409 | — | 12,277 | (23,871) | (7,581) | — | — |
1,270,733 |
SMALLCAP World Fund — Page 22 of 30
unaudited
Investments in affiliates1 (continued)
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 6/30/2022 (000) | Dividend or interest income (000) | |
Consumer staples 1.82% | |||||||
Emmi AG | $328,323 | $— | $— | $— | $(18,318) | $310,005 | $4,770 |
Grocery Outlet Holding Corp.2 | 127,554 | 38,848 | 50,344 | 3,841 | 152,272 | 272,171 | — |
Simply Good Foods Co., Class A2 | 229,393 | 30,920 | 64,823 | 10,684 | 11,778 | 217,952 | — |
Shop Apotheke Europe NV, non-registered shares2,3 | 128,744 | 26,911 | — | — | (54,264) | 101,391 | — |
Milbon Co., Ltd. | 112,067 | 25,405 | — | — | (53,941) | 83,531 | 1,334 |
Dole PLC3 | 63,125 | 55,809 | 21,399 | (22,505) | (29,195) | 45,835 | 1,377 |
Sok Marketler Ticaret AS, non-registered shares | 35,839 | 8,749 | — | — | (19,138) | 25,450 | — |
1,056,335 | |||||||
Materials 1.33% | |||||||
LANXESS AG | 76,030 | 196,119 | — | — | (105,438) | 166,711 | 4,789 |
APL Apollo Tubes, Ltd. | 159,233 | 16,736 | 9,427 | (1,049) | (5,087) | 160,406 | — |
Perimeter Solutions SA2,3 | — | 119,785 | 2,067 | 197 | 9,905 | 127,820 | — |
Perimeter Solutions SA2 | — | 15,051 | — | — | (1,387) | 13,664 | — |
Navin Fluorine International, Ltd. | 180,182 | 1,920 | 49,713 | 25,217 | (33,384) | 124,222 | 238 |
Deepak Fertilisers & Petrochemicals Corp., Ltd.2 | — | 43,067 | — | — | 6,200 | 49,267 | — |
JCU Corp. | 86,616 | — | 23,593 | 1,016 | (26,793) | 37,246 | 426 |
Toyo Gosei Co., Ltd. | — | 47,892 | — | — | (17,279) | 30,613 | 48 |
Re:NewCell AB2,3 | 61,257 | 2,502 | — | — | (38,321) | 25,438 | — |
Aluflexpack AG2,3 | 45,884 | — | — | — | (23,934) | 21,950 | — |
Venator Materials PLC2 | 24,281 | — | — | — | (6,560) | 17,721 | — |
Nanofilm Technologies International, Ltd.12 | 105,677 | 5,264 | 22,317 | (6,801) | (37,620) | — | 203 |
775,058 | |||||||
Energy 0.33% | |||||||
Northern Oil and Gas, Inc. | 104,325 | 23,768 | — | — | 24,831 | 152,924 | 2,482 |
Savannah Energy PLC2 | 15,998 | 8,234 | — | — | 16,724 | 40,956 | — |
Savannah Energy PLC2,11 | — | 8,234 | 8,234 | — | — | — | — |
193,880 | |||||||
Communication services 0.39% | |||||||
JCDecaux SA2 | 151,710 | 135,510 | — | — | (103,775) | 183,445 | — |
Trustpilot Group PLC2 | 48,066 | 26,811 | 13,235 | 2,113 | (37,676) | 26,079 | — |
Pebble Group PLC2,3 | 28,975 | — | 5 | (1) | (12,667) | 16,302 | — |
Direct Marketing MIX, Inc.12 | 50,358 | — | 13,991 | 558 | (16,236) | — | 102 |
225,826 | |||||||
Real estate 0.40% | |||||||
Altus Group, Ltd. | 172,723 | 2,331 | — | — | (50,795) | 124,259 | 1,247 |
JHSF Participações SA | 50,030 | — | — | — | 1,238 | 51,268 | 3,002 |
SRE Holdings Corp.2 | 82,123 | 5,298 | — | — | (65,739) | 21,682 | — |
K-Fast Holding AB, Class B2,3 | 81,175 | — | — | — | (61,755) | 19,420 | — |
Genova Property Group AB2 | 21,644 | 6,811 | — | — | (12,073) | 16,382 | — |
Genova Property Group AB2,4,11 | 6,652 | — | 6,811 | — | 159 | — | — |
DigitalBridge Group, Inc. REIT, Class A2,12 | 145,014 | 41,168 | — | — | (41,342) | — | — |
Real Matters, Inc.2,11 | 50,520 | — | 33,355 | (51,214) | 34,049 | — | — |
233,011 | |||||||
Utilities 0.00% | |||||||
Mytrah Energy, Ltd.2,4,5 | 140 | — | — | — | (13) | 127 | — |
Total common stocks | 13,879,434 |
SMALLCAP World Fund — Page 23 of 30
unaudited
Investments in affiliates1 (continued)
Value of affiliates at 10/1/2021 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized (depreciation) appreciation (000) | Value of affiliates at 6/30/2022 (000) | Dividend or interest income (000) | ||||
Preferred securities 0.45% | ||||||||||
Industrials 0.22% | ||||||||||
Einride AB, Series B, preferred shares2,4,5,6 | $46,547 | $— | $— | $— | $33,172 | $79,719 | $— | |||
Einride AB, Series A, preferred shares2,4,5,6 | — | 311 | — | — | 405 | 716 | — | |||
Relativity Space, Inc., Series D, preferred shares2,4,5,6 | 48,953 | — | — | — | (9,787) | 39,166 | — | |||
Relativity Space, Inc., Series E, preferred shares2,4,5,6 | 10,600 | — | — | — | (2,119) | 8,481 | — | |||
128,082 | ||||||||||
Information technology 0.07% | ||||||||||
Skyryse, Inc., Series B, preferred shares2,4,5,6 | — | 40,700 | — | — | —7 | 40,700 | — | |||
Avidxchange Holdings, Inc., Series F, preferred shares2,11 | 141,386 | — | 105,844 | — | (35,542) | — | — | |||
40,700 | ||||||||||
Financials 0.14% | ||||||||||
PPRO Holding GMBS, Series B, 8.00% preferred shares2,4,5,6 | 54,312 | — | — | — | 27,919 | 82,231 | — | |||
Health care 0.02% | ||||||||||
Bluestar Genomics, Inc., Series C, noncumulative preferred shares, 5.00% 20222,4,5,6 | 15,101 | — | — | — | (5,287) | 9,814 | — | |||
Total preferred securities | 260,827 | |||||||||
Convertible stocks 0.02% | ||||||||||
Information technology 0.02% | ||||||||||
RealSelf, Inc., Series C, convertible preferred shares4,5,6 | 19,495 | — | — | — | (9,747) | 9,748 | — | |||
Convertible bonds & notes 0.00% | ||||||||||
Industrials 0.00% | ||||||||||
Einride AB, convertible notes, 7.00% 20234,5,6 | — | 1,500 | — | — | 281 | 1,781 | 45 | |||
Short-term securities 13.16% | ||||||||||
Money market investments 12.48% | ||||||||||
Capital Group Central Cash Fund 1.38%9 | 4,210,329 | 7,214,481 | 4,166,599 | (361) | (1,565) | 7,256,285 | 15,204 | |||
Money market investments purchased with collateral from securities on loan 0.68% | ||||||||||
Capital Group Central Cash Fund 1.38%9,10 | 188,139 | 206,93813 | 395,077 | —14 | ||||||
Total short-term securities | 7,651,362 | |||||||||
Total 37.50% | $(462,385) | $(7,762,907) | $21,803,152 | $113,603 |
Private placement securities6
Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets | |
VisEra Technologies Co., Ltd. | 3/9/2021 | $93,821 | $113,363 | .19% |
Einride AB, Series B, preferred shares | 3/23/2021-5/6/2021 | 18,753 | 79,719 | .14 |
Einride AB | 7/16/2021-8/17/2021 | 8,938 | 23,361 | .04 |
Einride AB, convertible notes, 7.00% 2023 | 1/7/2022 | 1,500 | 1,781 | .00 |
Einride AB, Series A, preferred shares | 10/11/2021 | 311 | 716 | .00 |
PPRO Holding GMBS, Series B, 8.00% preferred shares | 1/28/2021 | 48,694 | 82,231 | .14 |
Pine Labs Pte., Ltd. | 5/12/2021 | 28,710 | 46,916 | .08 |
Pine Labs Pte., Ltd., Series J, cumulative preferred shares | 5/12/2021 | 21,290 | 34,792 | .06 |
SMALLCAP World Fund — Page 24 of 30
unaudited
Private placement securities6 (continued)
Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets | |||
Dock, Ltd. | 10/19/2020 | $26,000 | $59,040 | .10% | ||
Relativity Space, Inc., Series D, preferred shares | 11/20/2020 | 32,000 | 39,166 | .07 | ||
Relativity Space, Inc., Series E, preferred shares | 5/27/2021 | 10,600 | 8,481 | .01 | ||
Laronde, Inc., Series B, 6.00% preferred shares | 8/10/2021 | 50,000 | 45,750 | .08 | ||
ABL Space Systems Co., Series B, preferred shares | 3/24/2021 | 35,000 | 44,920 | .08 | ||
Skyryse, Inc., Series B, preferred shares | 10/21/2021 | 40,700 | 40,700 | .07 | ||
QuintoAndar, Ltd., Series E-1, preferred shares | 12/20/2021 | 50,000 | 36,911 | .06 | ||
Outreach Corp., Series G, preferred shares | 5/27/2021 | 45,483 | 35,386 | .06 | ||
PsiQuantum, Corp., Series D, preferred shares | 5/28/2021 | 35,000 | 35,000 | .06 | ||
StockX, Inc., Series E-1, preferred shares | 4/15/2021 | 20,000 | 15,954 | .03 | ||
StockX, Inc. | 4/5/2021 | 14,682 | 11,615 | .02 | ||
StockX, Inc., Series AA, preferred shares | 4/5/2021 | 5,203 | 4,116 | .01 | ||
StockX, Inc., Series B, preferred shares | 4/5/2021 | 281 | 222 | .00 | ||
Venture Global LNG, Inc., Series C | 5/1/2015 | 12,720 | 29,090 | .05 | ||
WorkRise Technologies, Inc., Series E, preferred shares | 3/8/2021 | 40,000 | 27,715 | .05 | ||
Patreon, Inc., Series E, preferred shares | 9/1/2020 | 11,944 | 18,307 | .03 | ||
Patreon, Inc., Class B | 10/26/2020-10/27/2020 | 3,255 | 4,981 | .01 | ||
Patreon, Inc., Series Seed, preferred shares | 9/16/2020 | 2,790 | 4,276 | .01 | ||
KRY International AB, Series E, preferred shares | 5/13/2021 | 51,891 | 21,396 | .04 | ||
KRY International AB, Series A | 5/13/2021 | 8,533 | 3,704 | .01 | ||
SiFive, Inc., Series F, preferred shares | 3/16/2022 | 25,000 | 25,000 | .04 | ||
Yotpo, Ltd., Series F, preferred shares | 2/25/2021 | 18,329 | 13,416 | .02 | ||
Yotpo, Ltd. | 3/16/2021 | 5,475 | 4,218 | .01 | ||
Yotpo, Ltd., Series B, preferred shares | 3/16/2021 | 2,322 | 1,789 | .00 | ||
Yotpo, Ltd., Series C, preferred shares | 3/16/2021 | 2,211 | 1,704 | .00 | ||
Yotpo, Ltd., Series A-1, preferred shares | 3/16/2021 | 1,483 | 1,143 | .00 | ||
Yotpo, Ltd., Series A, preferred shares | 3/16/2021 | 723 | 557 | .00 | ||
Yotpo, Ltd., Series C-1, preferred shares | 3/16/2021 | 613 | 472 | .00 | ||
Yotpo, Ltd., Series D, preferred shares | 3/16/2021 | 342 | 263 | .00 | ||
Yotpo, Ltd., Series B-1, preferred shares | 3/16/2021 | 273 | 210 | .00 | ||
ANDPAD, Inc., Series D, preferred shares | 6/30/2022 | 19,506 | 19,639 | .03 | ||
Acerta Pharma BV | 5/7/2014 | 7,300 | 18,343 | .03 | ||
Cava Group, Inc., Series F, preferred shares | 3/26/2021 | 25,000 | 17,851 | .03 | ||
InSilico Medicine Cayman TopCo, Series D, preferred shares | 5/13/2022 | 15,000 | 15,000 | .03 | ||
Kandou Holding SA, Series D, preferred shares | 11/17/2021 | 15,000 | 12,750 | .02 | ||
DPC Dash, Ltd. | 12/6/2021 | 15,000 | 11,223 | .02 | ||
Tarana Wireless, Inc., Series 6, noncumulative convertible preferred shares | 2/18/2022 | 12,179 | 10,273 | .02 | ||
Bluestar Genomics, Inc., Series C, noncumulative preferred shares, 5.00% 2022 | 4/26/2021 | 15,101 | 9,814 | .02 | ||
RealSelf, Inc., Series C, convertible preferred shares | 4/18/2018 | 19,000 | 9,748 | .02 | ||
Artiva Biotherapeutics, Inc., Series B, preferred shares | 2/24/2021 | 7,000 | 7,000 | .01 | ||
Foursquare Labs, Inc., Series A | 12/3/2013 | 20,000 | 3,192 | .01 | ||
Foursquare Labs, Inc., warrants, expire 2033 | 12/3/2013 | — | 48 | .00 | ||
PACT Pharma, Inc., Series C, 8.00% noncumulative preferred shares | 2/7/2020 | 9,000 | 3,078 | .01 | ||
Total | $ 953,956 | $ 1,056,340 | 1.82% |
SMALLCAP World Fund — Page 25 of 30
unaudited
1 | 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. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $1,590,147,000, which represented 2.74% of the net assets of the fund. |
4 | Valued under fair value procedures adopted by authority of the board of directors. The total value of all such securities was $1,442,182,000, which represented 2.48% of the net assets of the fund. |
5 | Value determined using significant unobservable inputs. |
6 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. |
7 | Amount less than one thousand. |
8 | Acquired in a transaction exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $419,717,000, which represented .72% of the net assets of the fund. |
9 | Rate represents the seven-day yield at 6/30/2022. |
10 | Security purchased with cash collateral from securities on loan. |
11 | Affiliated issuer during the reporting period but no longer held at 6/30/2022. |
12 | Affiliated issuer during the reporting period but no longer an affiliate at 6/30/2022. Refer to the investment portfolio for the security value at 6/30/2022. |
13 | Represents net activity. |
14 | Dividend income is included with securities lending income and is not shown in this table. |
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.
SMALLCAP World Fund — Page 26 of 30
unaudited
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 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 June 30, 2022 (dollars in thousands):
SMALLCAP World Fund — Page 27 of 30
unaudited
Investment securities | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Assets: | |||||||
Common stocks: | |||||||
Industrials | $10,296,928 | $— | $23,361 | $10,320,289 | |||
Information technology | 9,015,154 | 384,682 | 83,583 | 9,483,419 | |||
Consumer discretionary | 8,896,946 | 3,021 | 34,780 | 8,934,747 | |||
Health care | 7,928,860 | — | 22,047 | 7,950,907 | |||
Financials | 5,197,196 | — | 46,916 | 5,244,112 | |||
Consumer staples | 2,302,540 | — | — | 2,302,540 | |||
Materials | 1,641,369 | — | — | 1,641,369 | |||
Energy | 1,610,896 | — | 29,090 | 1,639,986 | |||
Communication services | 1,439,028 | — | —* | 1,439,028 | |||
Real estate | 866,720 | — | — | 866,720 | |||
Utilities | 257,088 | — | 127 | 257,215 | |||
Preferred securities | 53,505 | — | 705,444 | 758,949 | |||
Rights & warrants | 619 | 87,281 | 48 | 87,948 | |||
Convertible stocks | — | — | 20,021 | 20,021 | |||
Convertible bonds & notes | — | — | 1,781 | 1,781 | |||
Short-term securities | 8,389,967 | — | — | 8,389,967 | |||
Total | $57,896,816 | $474,984 | $967,198 | $59,338,998 |
* | Amount less than one thousand. |
The following table reconciles the valuation of the fund’s Level 3 investment securities and related transactions for the nine months ended June 30, 2022 (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 6/30/2022 | |
Investment securities | $ 1,243,407 | $— | $293,784 | $(206,449) | $— | $(363,544) | $— | $967,198 |
Net unrealized depreciation during the period on Level 3 investment securities held at June 30, 2022 | $(128,781) |
†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 28 of 30
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 6/30/2022 | Valuation techniques | Unobservable inputs | Range (if applicable) | Weighted average* | Impact to valuation from an increase in input† | |
Common stocks | $ 239,904 | Estimated recovery 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 | |||
Recent market information | Quoted price | N/A | N/A | N/A | ||
DLOM | 16% | 16% | Decrease | |||
Market comparable companies | Price/Cash flow multiple | 6.1x | 6.1x | Increase | ||
Net adjustment based on market comparables movement (decrease) | 24% - 66% | 49% | Decrease | |||
EV/Sales multiple | 1.8x - 9.3x | 4.0x | Increase | |||
DLOM | 16% - 23% | 17% | Decrease | |||
Preferred securities | 705,444 | Transaction price | N/A | N/A | N/A | N/A |
Discount for lack of certainty | 5% | 5% | Decrease | |||
Net adjustment based on market comparables movement (decrease) | 31% - 35% | 31% | Decrease | |||
Discount to transaction price | 15% - 20% | 18% | Decrease | |||
Market comparable companies | EV/Gross Profit multiple | 11.3x - 17.1x | 15.5x | Increase | ||
EV/Sales multiple | 1.3x - 14.3x | 7.6x | Increase | |||
Net adjustment based on market comparables movement (decrease) | 13% - 66% | 39% | Decrease | |||
DLOM | 10% | 10% | Decrease | |||
Discounted cash flow | Risk discount | 90% | 90% | Decrease | ||
WACC | 10% -20% | 14% | Decrease | |||
Recent market information | Net adjustment based on market comparables movement (decrease) | 75% | 75% | Decrease | ||
Rights & warrants | 48 | Black-Scholes | Underlying share price | N/A | N/A | N/A |
Implied volatility | 30% | 30% | Increase | |||
Convertible stocks | 20,021 | Market comparable companies | EV/Sales multiple | 3.4x -5.0x | 4.2x | Increase |
Net adjustment based on market comparables movement (decrease) | 18% | 18% | Decrease | |||
DLOM | 17% | 17% | Decrease | |||
Convertible bonds & notes | 1,781 | Transaction price | N/A | N/A | N/A | N/A |
Discount for lack of certainty | 5% | 5% | Decrease | |||
Total | $967,198 |
* | 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 29 of 30
unaudited
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
DLOM = Discount for lack of marketability |
EV = Enterprise value |
GDR = Global Depositary Receipts |
REIT = Real Estate Investment Trust |
SDR = Swedish Depositary Receipts |
USD = U.S. dollars |
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.
MFGEFP3-035-0822O-S85350 | SMALLCAP World Fund — Page 30 of 30 |