unaudited
| Common stocks 92.09% Information technology 20.03% | Shares | Value (000) |
| Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 283,220 | $22,343 |
| ASML Holding NV | 50,970 | 17,994 |
| Broadcom Inc. | 52,273 | 16,557 |
| Apple Inc. | 38,769 | 16,478 |
| Visa Inc., Class A | 81,070 | 15,436 |
| Microsoft Corp. | 66,600 | 13,654 |
| SAP SE | 70,476 | 11,106 |
| Keyence Corp. | 22,360 | 9,341 |
| GoDaddy Inc., Class A1 | 130,900 | 9,199 |
| KLA Corp. | 35,900 | 7,174 |
| Global Payments Inc. | 32,470 | 5,780 |
| Intel Corp. | 106,700 | 5,093 |
| Jack Henry & Associates, Inc. | 25,916 | 4,621 |
| Hamamatsu Photonics KK | 106,600 | 4,592 |
| ServiceNow, Inc.1 | 6,500 | 2,855 |
| Trimble Inc.1 | 47,000 | 2,092 |
| OBIC Co., Ltd. | 11,200 | 2,001 |
| Cree, Inc.1 | 28,000 | 1,930 |
| Murata Manufacturing Co., Ltd. | 22,800 | 1,423 |
| Adobe Inc.1 | 2,430 | 1,080 |
| 170,749 | ||
| Health care 14.64% | ||
| AstraZeneca PLC | 146,685 | 16,379 |
| Novo Nordisk A/S, Class B | 217,615 | 14,351 |
| Seattle Genetics, Inc.1 | 75,980 | 12,633 |
| UnitedHealth Group Inc. | 38,590 | 11,684 |
| Koninklijke Philips NV (EUR denominated)1 | 187,331 | 9,685 |
| Koninklijke Philips NV1 | 24,180 | 1,251 |
| Abbott Laboratories | 98,500 | 9,913 |
| Danaher Corp. | 35,200 | 7,174 |
| Merck & Co., Inc. | 75,200 | 6,034 |
| Gilead Sciences, Inc. | 82,171 | 5,713 |
| Genmab A/S1 | 15,005 | 5,125 |
| Johnson & Johnson | 23,100 | 3,367 |
| Terumo Corp. | 88,900 | 3,338 |
| BeiGene, Ltd. (ADR)1 | 15,400 | 3,219 |
| Eli Lilly and Company | 20,375 | 3,062 |
| Anthem, Inc. | 8,100 | 2,218 |
| Vertex Pharmaceuticals Inc.1 | 7,400 | 2,013 |
| Neurocrine Biosciences, Inc.1 | 15,000 | 1,805 |
| Baxter International Inc. | 18,000 | 1,555 |
| Shionogi & Co., Ltd. | 23,900 | 1,413 |
| Edwards Lifesciences Corp.1 | 10,200 | 800 |
| Straumann Holding AG | 761 | 745 |
American Funds Global Insight Fund — Page 1
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unaudited
| Common stocks (continued) Health care (continued) | Shares | Value (000) |
| Cigna Corp. | 4,236 | $732 |
| Galapagos NV1 | 3,215 | 597 |
| 124,806 | ||
| Financials 11.16% | ||
| AIA Group Ltd. | 1,587,000 | 14,344 |
| Intercontinental Exchange, Inc. | 93,035 | 9,004 |
| JPMorgan Chase & Co. | 93,140 | 9,001 |
| Moody’s Corp. | 29,600 | 8,326 |
| Aon PLC, Class A | 37,600 | 7,716 |
| CME Group Inc., Class A | 42,800 | 7,112 |
| Marsh & McLennan Companies, Inc. | 47,255 | 5,510 |
| London Stock Exchange Group PLC | 43,600 | 4,842 |
| DNB ASA1 | 287,819 | 4,381 |
| UBS Group AG | 314,425 | 3,677 |
| MSCI Inc. | 9,300 | 3,497 |
| RenaissanceRe Holdings Ltd. | 13,900 | 2,507 |
| Deutsche Boerse AG | 12,913 | 2,352 |
| Chubb Ltd. | 16,270 | 2,070 |
| Truist Financial Corp. | 49,800 | 1,866 |
| Svenska Handelsbanken AB, Class A1 | 175,251 | 1,652 |
| Bank of New York Mellon Corp. | 43,430 | 1,557 |
| HDFC Bank Ltd. (ADR)1 | 32,000 | 1,496 |
| State Street Corp. | 22,053 | 1,407 |
| Banco Bilbao Vizcaya Argentaria, SA | 310,000 | 963 |
| First Republic Bank | 8,200 | 922 |
| KBC Groep NV | 16,015 | 912 |
| 95,114 | ||
| Consumer staples 10.86% | ||
| Reckitt Benckiser Group PLC | 140,000 | 14,122 |
| Carlsberg A/S, Class B | 77,868 | 11,431 |
| Nestlé SA | 89,023 | 10,523 |
| Costco Wholesale Corp. | 24,150 | 7,862 |
| L’Oréal SA, non-registered shares | 23,043 | 7,682 |
| Pernod Ricard SA | 40,577 | 6,978 |
| British American Tobacco PLC | 191,400 | 6,325 |
| Danone SA | 79,960 | 5,325 |
| Diageo PLC | 133,585 | 4,898 |
| Philip Morris International Inc. | 59,590 | 4,577 |
| Anheuser-Busch InBev SA/NV | 76,615 | 4,162 |
| Unilever PLC | 49,200 | 2,945 |
| Mondelez International, Inc. | 41,800 | 2,319 |
| Estée Lauder Companies Inc., Class A | 8,800 | 1,738 |
| Uni-Charm Corp. | 37,500 | 1,686 |
| 92,573 | ||
| Industrials 9.77% | ||
| Safran SA1 | 114,912 | 12,107 |
| Northrop Grumman Corp. | 23,900 | 7,768 |
| Airbus SE, non-registered shares1 | 103,729 | 7,577 |
| SMC Corp. | 13,100 | 6,815 |
| AMETEK, Inc. | 62,700 | 5,847 |
| CSX Corp. | 77,400 | 5,522 |
| ABB Ltd. | 219,159 | 5,457 |
American Funds Global Insight Fund — Page 2
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unaudited
| Common stocks (continued) Industrials (continued) | Shares | Value (000) |
| Deere & Company | 29,400 | $5,184 |
| Honeywell International Inc. | 30,800 | 4,601 |
| Ryanair Holdings PLC (ADR)1 | 56,300 | 4,223 |
| Westinghouse Air Brake Technologies Corp. | 58,100 | 3,613 |
| Waste Connections, Inc. | 28,555 | 2,923 |
| TransDigm Group Inc. | 6,530 | 2,818 |
| DSV Panalpina A/S | 14,863 | 2,038 |
| HEICO Corp., Class A | 12,900 | 987 |
| HEICO Corp. | 10,100 | 971 |
| MTU Aero Engines AG1 | 10,177 | 1,760 |
| DKSH Holding AG | 24,370 | 1,560 |
| Union Pacific Corp. | 4,300 | 745 |
| BWX Technologies, Inc. | 13,500 | 736 |
| 83,252 | ||
| Communication services 8.30% | ||
| Activision Blizzard, Inc. | 138,920 | 11,479 |
| Tencent Holdings Ltd. | 162,800 | 11,217 |
| Comcast Corp., Class A | 190,800 | 8,166 |
| Alphabet Inc., Class A1 | 3,295 | 4,903 |
| Alphabet Inc., Class C1 | 1,564 | 2,319 |
| América Móvil, SAB de CV, Series L (ADR) | 409,800 | 5,180 |
| Charter Communications, Inc., Class A1 | 8,527 | 4,946 |
| Koninklijke KPN NV | 1,681,263 | 4,345 |
| Facebook, Inc., Class A1 | 15,100 | 3,830 |
| SoftBank Group Corp. | 60,880 | 3,793 |
| Electronic Arts Inc.1 | 26,000 | 3,682 |
| Vodafone Group PLC | 2,013,600 | 3,046 |
| Adevinta ASA1 | 105,537 | 1,702 |
| China Tower Corp. Ltd., Class H | 5,978,000 | 1,088 |
| Nippon Telegraph and Telephone Corp. | 44,800 | 1,034 |
| 70,730 | ||
| Consumer discretionary 7.40% | ||
| Amazon.com, Inc.1 | 4,000 | 12,659 |
| EssilorLuxottica1 | 63,958 | 8,453 |
| Las Vegas Sands Corp. | 121,210 | 5,290 |
| YUM! Brands, Inc. | 45,200 | 4,116 |
| Hilton Worldwide Holdings Inc. | 51,900 | 3,895 |
| Naspers Ltd., Class N (ADR) | 105,523 | 3,863 |
| Royal Caribbean Cruises Ltd. | 79,100 | 3,853 |
| LVMH Moët Hennessy-Louis Vuitton SE | 8,577 | 3,705 |
| Kering SA | 5,692 | 3,230 |
| Hermès International | 3,917 | 3,166 |
| Cie. Financière Richemont SA, Class A | 36,959 | 2,283 |
| Nitori Holdings Co., Ltd. | 9,800 | 2,145 |
| Flutter Entertainment PLC (EUR denominated) | 12,671 | 1,916 |
| NIKE, Inc., Class B | 19,000 | 1,855 |
| Suzuki Motor Corp. | 34,400 | 1,128 |
| Industria de Diseño Textil, SA | 33,970 | 901 |
| Prosus NV (ADR)1 | 34,282 | 666 |
| 63,124 |
American Funds Global Insight Fund — Page 3
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unaudited
| Common stocks (continued) Real estate 2.69% | Shares | Value (000) |
| American Tower Corp. REIT | 30,200 | $7,894 |
| Crown Castle International Corp. REIT | 36,275 | 6,047 |
| Equinix, Inc. REIT | 6,600 | 5,184 |
| Link Real Estate Investment Trust REIT | 485,600 | 3,769 |
| 22,894 | ||
| Utilities 2.54% | ||
| Enel SpA | 1,242,553 | 11,313 |
| Iberdrola, SA, non-registered shares | 284,528 | 3,660 |
| AES Corp. | 195,800 | 2,982 |
| Sempra Energy | 14,015 | 1,744 |
| Engie SA1 | 103,953 | 1,382 |
| Exelon Corp. | 14,600 | 564 |
| 21,645 | ||
| Materials 2.47% | ||
| Shin-Etsu Chemical Co., Ltd. | 62,800 | 7,282 |
| Asahi Kasei Corp. | 675,000 | 4,795 |
| Givaudan SA | 555 | 2,282 |
| Air Liquide SA, non-registered shares | 13,143 | 2,161 |
| Rio Tinto PLC | 29,642 | 1,791 |
| Linde PLC | 7,145 | 1,751 |
| Barrick Gold Corp. | 34,200 | 989 |
| 21,051 | ||
| Energy 2.23% | ||
| Chevron Corp. | 97,284 | 8,166 |
| Total SE | 117,176 | 4,320 |
| TC Energy Corp. (CAD denominated) | 64,600 | 2,945 |
| EOG Resources, Inc. | 39,900 | 1,869 |
| Enbridge Inc. (CAD denominated) | 54,100 | 1,732 |
| 19,032 | ||
| Total common stocks (cost: $515,158,000) | 784,970 | |
| Preferred securities 0.69% Consumer discretionary 0.46% | ||
| Hyundai Motor Co., Series 2, preferred shares (GDR)2,3 | 134,600 | 3,909 |
| Health care 0.23% | ||
| Sartorius AG, nonvoting preferred, non-registered shares | 5,148 | 1,973 |
| Total preferred securities (cost: $5,636,000) | 5,882 | |
| Short-term securities 6.94% Money market investments 6.94% | ||
| Capital Group Central Cash Fund 0.16%4,5 | 591,617 | 59,168 |
| Total short-term securities (cost: $59,160,000) | 59,168 | |
| Total investment securities 99.72% (cost: $579,954,000) | 850,020 | |
| Other assets less liabilities 0.28% | 2,378 | |
| Net assets 100.00% | $852,398 |
American Funds Global Insight Fund — Page 4
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unaudited
Investments in affiliates5
| Beginning shares | Additions | Reductions | Ending shares | Net realized loss (000) | Net unrealized appreciation (000) | Dividend income (000) | Value of affiliate at 7/31/2020 (000) | |
| Short-term securities 6.94% | ||||||||
| Money market investments 6.94% | ||||||||
| Capital Group Central Cash Fund 0.16%4 | 389,371 | 1,872,949 | 1,670,703 | 591,617 | $(10) | $2 | $279 | $59,168 |
| 1 | Security did not produce income during the last 12 months. |
| 2 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of the security was $3,909,000, which represented .46% of the net assets of the fund. |
| 3 | Acquired in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $3,909,000, which represented .46% of the net assets of the fund. |
| 4 | Rate represents the seven-day yield at 7/31/2020. |
| 5 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
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 of each share class of the fund is generally determined as of approximately 4:00 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.
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 following inputs: benchmark yields, transactions, bids,
offers, quotations from dealers and trading systems, new issues, spreads, interest rate volatilities, 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.
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 trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to
consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair
value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer;
actively traded similar or related securities; 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
American Funds Global Insight Fund — Page 5
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unaudited
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 trustees 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 trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and
methods.
The fund’s investment adviser
has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor
information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the
investment adviser’s compliance group.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values
are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive
markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3
values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation
levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair
value may not always be quoted prices in an active market. The following table presents the fund’s valuation levels as of July 31, 2020 (dollars in thousands):
| Investment securities | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Common stocks: | ||||
| Information technology | $170,749 | $— | $— | $170,749 |
| Health care | 124,806 | — | — | 124,806 |
| Financials | 95,114 | — | — | 95,114 |
| Consumer staples | 92,573 | — | — | 92,573 |
| Industrials | 83,252 | — | — | 83,252 |
| Communication services | 70,730 | — | — | 70,730 |
| Consumer discretionary | 63,124 | — | — | 63,124 |
| Real estate | 22,894 | — | — | 22,894 |
| Utilities | 21,645 | — | — | 21,645 |
| Materials | 21,051 | — | — | 21,051 |
| Energy | 19,032 | — | — | 19,032 |
| Preferred securities | 1,973 | 3,909 | — | 5,882 |
| Short-term securities | 59,168 | — | — | 59,168 |
| Total | $846,111 | $3,909 | $— | $850,020 |
| Key to abbreviations |
| ADR = American Depositary Receipts |
| CAD = Canadian dollars |
| EUR = Euros |
| GDR = Global Depositary Receipts |
American Funds Global Insight Fund — Page 6
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unaudited
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.
© 2020 Capital Group. All
rights reserved.
| MFGEFP3-122-0920O-S81087 | American Funds Global Insight Fund — Page 7 of 7 |