unaudited
| Common stocks 92.83% Information technology 21.44% | Shares | Value (000) |
| Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 281,580 | $34,218 |
| ASML Holding NV1 | 50,970 | 27,138 |
| Broadcom Inc. | 52,273 | 23,549 |
| Apple Inc. | 141,576 | 18,682 |
| Microsoft Corp. | 68,983 | 16,001 |
| Visa Inc., Class A | 81,070 | 15,667 |
| Keyence Corp.1 | 22,360 | 12,028 |
| GoDaddy Inc., Class A2 | 130,900 | 10,286 |
| KLA Corp. | 35,900 | 10,055 |
| SAP SE1 | 78,190 | 9,953 |
| Fidelity National Information Services, Inc. | 63,524 | 7,843 |
| Hamamatsu Photonics KK1 | 106,600 | 6,156 |
| Intel Corp. | 106,700 | 5,923 |
| Euronet Worldwide, Inc.2 | 30,322 | 3,789 |
| Jack Henry & Associates, Inc. | 25,916 | 3,752 |
| Trimble Inc.2 | 47,000 | 3,098 |
| Cree, Inc.2 | 28,000 | 2,830 |
| Kulicke and Soffa Industries, Inc. | 78,271 | 2,792 |
| Murata Manufacturing Co., Ltd.1 | 22,800 | 2,196 |
| ServiceNow, Inc.2 | 4,000 | 2,173 |
| OBIC Co., Ltd.1 | 11,200 | 2,096 |
| FleetCor Technologies, Inc.2 | 7,850 | 1,906 |
| Global Payments Inc. | 10,500 | 1,853 |
| Lam Research Corp. | 3,806 | 1,842 |
| Dye & Durham Ltd. | 50,656 | 1,604 |
| EVERTEC, Inc. | 45,453 | 1,577 |
| NetApp, Inc. | 18,900 | 1,256 |
| Adobe Inc.2 | 2,430 | 1,115 |
| 231,378 | ||
| Health care 13.04% | ||
| AstraZeneca PLC1 | 161,094 | 16,447 |
| Novo Nordisk A/S, Class B1 | 217,615 | 15,136 |
| UnitedHealth Group Inc. | 38,590 | 12,873 |
| Seagen Inc.2 | 75,480 | 12,399 |
| Abbott Laboratories | 98,500 | 12,174 |
| Koninklijke Philips NV (EUR denominated)1,2 | 153,095 | 8,344 |
| Koninklijke Philips NV2 | 24,180 | 1,313 |
| Danaher Corp. | 35,200 | 8,372 |
| Grifols, SA, Class A, non-registered shares1 | 173,538 | 5,117 |
| Grifols, SA, Class B (ADR) | 115,200 | 2,037 |
| Genmab A/S1,2 | 15,005 | 5,982 |
| Gilead Sciences, Inc. | 82,171 | 5,390 |
| BeiGene, Ltd. (ADR)2 | 15,400 | 4,928 |
| Eli Lilly and Company | 20,375 | 4,237 |
| Johnson & Johnson | 23,100 | 3,768 |
| Zimmer Biomet Holdings, Inc. | 24,244 | 3,726 |
American Funds Global Insight Fund — Page 1
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unaudited
| Common stocks (continued) Health care (continued) | Shares | Value (000) |
| Merck & Co., Inc. | 46,200 | $3,561 |
| Terumo Corp.1 | 88,900 | 3,477 |
| Anthem, Inc. | 8,100 | 2,406 |
| Vertex Pharmaceuticals Inc.2 | 7,400 | 1,695 |
| Baxter International Inc. | 18,000 | 1,383 |
| Edwards Lifesciences Corp.2 | 16,466 | 1,360 |
| Shionogi & Co., Ltd.1 | 23,900 | 1,300 |
| Neurocrine Biosciences, Inc.2 | 11,000 | 1,207 |
| Cigna Corp. | 4,236 | 919 |
| Straumann Holding AG1 | 761 | 845 |
| Galapagos NV1,2 | 3,215 | 336 |
| 140,732 | ||
| Financials 12.62% | ||
| AIA Group Ltd.1 | 1,650,600 | 20,224 |
| JPMorgan Chase & Co. | 98,281 | 12,646 |
| Citizens Financial Group, Inc. | 316,194 | 11,522 |
| Intercontinental Exchange, Inc. | 93,035 | 10,266 |
| Moody’s Corp. | 29,600 | 7,881 |
| London Stock Exchange Group PLC1 | 65,833 | 7,828 |
| CME Group Inc., Class A | 42,800 | 7,778 |
| Aon PLC, Class A | 37,600 | 7,637 |
| UBS Group AG1 | 470,190 | 6,788 |
| DNB ASA1,2 | 287,819 | 5,618 |
| Marsh & McLennan Companies, Inc. | 47,255 | 5,194 |
| DBS Group Holdings Ltd.1 | 248,000 | 4,663 |
| MSCI Inc. | 9,300 | 3,676 |
| State Street Corp. | 47,153 | 3,301 |
| Discover Financial Services | 35,468 | 2,963 |
| Truist Financial Corp. | 49,800 | 2,389 |
| Chubb Ltd. | 16,270 | 2,370 |
| HDFC Bank Ltd. (ADR)2 | 32,000 | 2,307 |
| RenaissanceRe Holdings Ltd. | 13,900 | 2,091 |
| Deutsche Boerse AG1 | 12,913 | 2,081 |
| PNC Financial Services Group, Inc. | 13,300 | 1,909 |
| Nasdaq, Inc. | 12,512 | 1,693 |
| Banco Bilbao Vizcaya Argentaria, SA1 | 310,000 | 1,412 |
| First Republic Bank | 8,200 | 1,189 |
| Svenska Handelsbanken AB, Class A1,2 | 75,625 | 758 |
| 136,184 | ||
| Industrials 10.02% | ||
| Safran SA1,2 | 114,912 | 14,492 |
| ABB Ltd.1 | 392,217 | 11,576 |
| Airbus SE, non-registered shares1,2 | 113,931 | 11,478 |
| Honeywell International Inc. | 45,400 | 8,870 |
| SMC Corp.1 | 13,100 | 7,951 |
| AMETEK, Inc. | 67,506 | 7,646 |
| Northrop Grumman Corp. | 23,900 | 6,850 |
| CSX Corp. | 77,400 | 6,637 |
| Ryanair Holdings PLC (ADR)2 | 56,300 | 5,352 |
| Westinghouse Air Brake Technologies Corp. | 58,100 | 4,312 |
| TransDigm Group Inc.2 | 6,530 | 3,613 |
| Norfolk Southern Corp. | 14,486 | 3,428 |
| Jardine Matheson Holdings Ltd.1 | 47,200 | 2,735 |
American Funds Global Insight Fund — Page 2
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unaudited
| Common stocks (continued) Industrials (continued) | Shares | Value (000) |
| HEICO Corp., Class A | 12,900 | $1,371 |
| HEICO Corp. | 10,100 | 1,189 |
| MTU Aero Engines AG1 | 10,177 | 2,373 |
| DSV Panalpina A/S1 | 14,863 | 2,318 |
| DKSH Holding AG1 | 24,370 | 1,958 |
| BWX Technologies, Inc. | 32,784 | 1,768 |
| RELX PLC1 | 62,685 | 1,555 |
| Waste Connections, Inc. | 7,000 | 689 |
| 108,161 | ||
| Consumer staples 9.59% | ||
| Reckitt Benckiser Group PLC1 | 155,425 | 13,199 |
| Carlsberg A/S, Class B1 | 77,868 | 11,415 |
| Danone SA1 | 151,523 | 10,095 |
| Nestlé SA1 | 89,023 | 9,973 |
| Costco Wholesale Corp. | 24,150 | 8,511 |
| L’Oréal SA, non-registered shares1 | 23,043 | 8,077 |
| British American Tobacco PLC1 | 191,400 | 6,966 |
| Philip Morris International Inc. | 86,165 | 6,863 |
| Anheuser-Busch InBev SA/NV1 | 106,403 | 6,682 |
| Pernod Ricard SA1 | 26,235 | 4,952 |
| Diageo PLC1 | 100,100 | 4,040 |
| Shiseido Company, Ltd.1 | 56,700 | 3,721 |
| Unilever PLC (GBP denominated)1 | 49,200 | 2,868 |
| Mondelez International, Inc. | 41,800 | 2,317 |
| Estée Lauder Companies Inc., Class A | 8,800 | 2,083 |
| Uni-Charm Corp.1 | 37,500 | 1,677 |
| 103,439 | ||
| Consumer discretionary 8.81% | ||
| Kering SA1 | 15,411 | 10,113 |
| Industria de Diseño Textil, SA1 | 329,245 | 9,769 |
| EssilorLuxottica1 | 63,958 | 9,070 |
| Cie. Financière Richemont SA, Class A1 | 91,423 | 8,495 |
| Amazon.com, Inc.2 | 2,505 | 8,032 |
| Royal Caribbean Cruises Ltd. | 116,650 | 7,582 |
| B&M European Value Retail SA1 | 959,053 | 7,028 |
| Hilton Worldwide Holdings Inc. | 51,900 | 5,262 |
| YUM! Brands, Inc. | 45,200 | 4,587 |
| Hermès International1 | 3,917 | 4,001 |
| adidas AG1,2 | 11,994 | 3,812 |
| VF Corp. | 41,800 | 3,213 |
| NIKE, Inc., Class B | 19,000 | 2,538 |
| LVMH Moët Hennessy-Louis Vuitton SE1 | 3,927 | 2,371 |
| Flutter Entertainment PLC (EUR denominated)1 | 12,671 | 2,353 |
| Nitori Holdings Co., Ltd.1 | 9,800 | 1,942 |
| TJX Companies, Inc. | 26,999 | 1,729 |
| Las Vegas Sands Corp. | 33,600 | 1,616 |
| Suzuki Motor Corp.1 | 34,400 | 1,554 |
| 95,067 | ||
| Communication services 7.10% | ||
| Tencent Holdings Ltd.1 | 162,800 | 14,252 |
| Activision Blizzard, Inc. | 138,920 | 12,642 |
| Comcast Corp., Class A | 202,148 | 10,021 |
American Funds Global Insight Fund — Page 3
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unaudited
| Common stocks (continued) Communication services (continued) | Shares | Value (000) |
| Alphabet Inc., Class A2 | 3,295 | $6,021 |
| Alphabet Inc., Class C2 | 1,564 | 2,871 |
| América Móvil, SAB de CV, Series L (ADR) | 409,800 | 5,413 |
| Koninklijke KPN NV1 | 1,681,263 | 5,253 |
| Charter Communications, Inc., Class A2 | 8,527 | 5,181 |
| Facebook, Inc., Class A2 | 15,100 | 3,901 |
| Electronic Arts Inc. | 26,000 | 3,723 |
| SoftBank Group Corp.1 | 35,680 | 2,749 |
| China Tower Corp. Ltd., Class H1 | 12,842,000 | 1,866 |
| Adevinta ASA1,2 | 105,537 | 1,565 |
| Nippon Telegraph and Telephone Corp.1 | 44,800 | 1,117 |
| 76,575 | ||
| Materials 3.42% | ||
| Shin-Etsu Chemical Co., Ltd.1 | 62,800 | 10,936 |
| Asahi Kasei Corp.1 | 675,000 | 7,566 |
| Vale SA, ordinary nominative (ADR) | 348,775 | 5,633 |
| Air Liquide SA, non-registered shares1 | 19,243 | 3,145 |
| Air Products and Chemicals, Inc. | 9,900 | 2,641 |
| Rio Tinto PLC1 | 29,642 | 2,265 |
| Givaudan SA1 | 555 | 2,240 |
| Linde PLC | 7,145 | 1,753 |
| Barrick Gold Corp. | 34,200 | 765 |
| 36,944 | ||
| Utilities 2.61% | ||
| Enel SpA1 | 1,242,553 | 12,338 |
| AES Corp. | 195,800 | 4,776 |
| Iberdrola, SA, non-registered shares1 | 284,528 | 3,859 |
| Engie SA1,2 | 131,778 | 2,047 |
| Exelon Corp. | 46,253 | 1,922 |
| Sempra Energy | 14,015 | 1,734 |
| Ørsted AS1 | 8,075 | 1,526 |
| 28,202 | ||
| Energy 2.15% | ||
| Chevron Corp. | 104,639 | 8,915 |
| Total SE1 | 139,062 | 5,871 |
| TC Energy Corp. (CAD denominated) | 91,626 | 3,927 |
| ConocoPhillips | 70,341 | 2,816 |
| EOG Resources, Inc. | 31,562 | 1,608 |
| 23,137 | ||
| Real estate 2.03% | ||
| American Tower Corp. REIT | 30,200 | 6,866 |
| Crown Castle International Corp. REIT | 36,275 | 5,777 |
| Equinix, Inc. REIT | 6,600 | 4,884 |
| Link Real Estate Investment Trust REIT1 | 495,931 | 4,371 |
| 21,898 | ||
| Total common stocks (cost: $632,006,000) | 1,001,717 |
American Funds Global Insight Fund — Page 4
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unaudited
| Preferred securities 1.13% Information technology 0.89% | Shares | Value (000) |
| Samsung Electronics Co., Ltd., preferred shares (GDR)1 | 5,883 | $9,653 |
| Health care 0.24% | ||
| Sartorius AG, nonvoting preferred, non-registered shares1 | 5,148 | 2,567 |
| Total preferred securities (cost: $7,445,000) | 12,220 | |
| Rights & warrants 0.01% Consumer discretionary 0.01% | ||
| Cie. Financière Richemont SA, Class A, warrants, expire 20232 | 182,846 | 59 |
| Total rights & warrants (cost: $0) | 59 | |
| Short-term securities 6.02% Money market investments 6.02% | ||
| Capital Group Central Cash Fund 0.11%3,4 | 649,317 | 64,938 |
| Total short-term securities (cost: $64,930,000) | 64,938 | |
| Total investment securities 99.99% (cost: $704,381,000) | 1,078,934 | |
| Other assets less liabilities 0.01% | 147 | |
| Net assets 100.00% | $1,079,081 |
Investments in affiliates4
| Value of affiliate at 11/1/2020 (000) | Additions (000) | Reductions (000) | Net realized gain (000) | Net unrealized appreciation (000) | Value of affiliate at 1/31/2021 (000) | Dividend income (000) | |
| Short-term securities 6.02% | |||||||
| Money market investments 6.02% | |||||||
| Capital Group Central Cash Fund 0.11%3 | $41,437 | $92,645 | $69,144 | $—5 | $—5 | $64,938 | $13 |
| 1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $461,718,000, which represented 42.79% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
| 2 | Security did not produce income during the last 12 months. |
| 3 | Rate represents the seven-day yield at 1/31/2021. |
| 4 | Part of the same group of investment companies as the fund as defined under the Investment Company Act of 1940. |
| 5 | Amount less than one thousand. |
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.
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.
American Funds Global Insight Fund — Page 5
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unaudited
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 |
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 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.
American Funds Global Insight Fund — Page 6
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unaudited
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 January 31, 2021 (dollars in thousands):
| Investment securities | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Common stocks: | ||||
| Information technology | $171,811 | $59,567 | $— | $231,378 |
| Health care | 83,748 | 56,984 | — | 140,732 |
| Financials | 86,812 | 49,372 | — | 136,184 |
| Industrials | 51,725 | 56,436 | — | 108,161 |
| Consumer staples | 19,774 | 83,665 | — | 103,439 |
| Consumer discretionary | 34,559 | 60,508 | — | 95,067 |
| Communication services | 49,773 | 26,802 | — | 76,575 |
| Materials | 10,792 | 26,152 | — | 36,944 |
| Utilities | 8,432 | 19,770 | — | 28,202 |
| Energy | 17,266 | 5,871 | — | 23,137 |
| Real estate | 17,527 | 4,371 | — | 21,898 |
| Preferred securities | — | 12,220 | — | 12,220 |
| Rights & warrants | 59 | — | — | 59 |
| Short-term securities | 64,938 | — | — | 64,938 |
| Total | $617,216 | $461,718 | $— | $1,078,934 |
| Key to abbreviations |
| ADR = American Depositary Receipts |
| CAD = Canadian dollars |
| EUR = Euros |
| GBP = British pounds |
| GDR = Global Depositary Receipts |
Investments are not FDIC-insured, nor
are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider
investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be
read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks
mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc.,
member FINRA.
© 2021 Capital Group. All
rights reserved.
| MFGEFP1-122-0321O-S77996 | American Funds Global Insight Fund — Page 7 of 7 |