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end
Common stocks 94.65%
Information technology 19.63%
|
|
Shares
|
Value
(000)
|
ASML Holding NV
|
300,861
|
$199,249
|
|
Microsoft Corp.
|
803,387
|
199,087
|
|
Broadcom, Inc.
|
313,354
|
183,315
|
|
Apple, Inc.
|
983,241
|
141,872
|
|
SAP SE
|
849,407
|
99,973
|
|
Keyence Corp.
|
200,860
|
92,783
|
|
Mastercard, Inc., Class A
|
234,779
|
87,009
|
|
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR)
|
765,098
|
70,948
|
|
Visa, Inc., Class A
|
301,955
|
69,513
|
|
Amadeus IT Group SA, Class A, non-registered shares1
|
1,087,283
|
68,398
|
|
GoDaddy, Inc., Class A1
|
793,021
|
65,131
|
|
Hamamatsu Photonics KK
|
1,128,600
|
60,253
|
|
KLA Corp.
|
132,346
|
51,943
|
|
Texas Instruments, Inc.
|
261,449
|
46,331
|
|
STMicroelectronics NV
|
780,782
|
36,896
|
|
OBIC Co., Ltd.
|
221,400
|
35,426
|
|
ServiceNow, Inc.1
|
62,350
|
28,377
|
|
Analog Devices, Inc.
|
148,905
|
25,533
|
|
EVERTEC, Inc.
|
646,846
|
23,894
|
|
Fidelity National Information Services, Inc.
|
313,575
|
23,531
|
|
Fujitsu, Ltd.
|
159,400
|
22,828
|
|
Adyen NV1
|
14,635
|
22,124
|
|
Worldline SA, non-registered shares1
|
488,266
|
22,120
|
|
Nokia Corp.
|
4,254,267
|
20,274
|
|
Dassault Systemes SE
|
536,606
|
19,944
|
|
Jack Henry & Associates, Inc.
|
109,639
|
19,745
|
|
Shopify, Inc., Class A, subordinate voting shares1
|
334,189
|
16,466
|
|
Wolfspeed, Inc.1
|
151,755
|
11,687
|
|
Trimble, Inc.1
|
197,040
|
11,440
|
|
Adobe, Inc.1
|
27,367
|
10,135
|
|
VeriSign, Inc.1
|
13,080
|
2,852
|
|
Lam Research Corp.
|
4,745
|
2,373
|
|
|
|
|
1,791,450
|
Health care 15.89%
|
|
|
|
Novo Nordisk A/S, Class B
|
1,550,961
|
214,783
|
|
AstraZeneca PLC
|
1,330,360
|
174,062
|
|
UnitedHealth Group, Inc.
|
277,448
|
138,499
|
|
Bristol-Myers Squibb Company
|
1,559,387
|
113,289
|
|
Abbott Laboratories
|
787,101
|
87,014
|
|
Danaher Corp.
|
280,651
|
74,198
|
|
Genmab A/S1
|
175,945
|
68,824
|
|
BeiGene, Ltd. (ADR)1,2
|
265,139
|
67,876
|
|
EssilorLuxottica
|
347,677
|
63,619
|
|
Zoetis, Inc., Class A
|
343,927
|
56,916
|
|
Seagen, Inc.1
|
388,737
|
54,221
|
Common stocks (continued)
Health care (continued)
|
|
Shares
|
Value
(000)
|
Pfizer, Inc.
|
1,070,989
|
$47,295
|
|
Edwards Lifesciences Corp.1
|
521,781
|
40,021
|
|
AbbVie, Inc.
|
242,093
|
35,769
|
|
Straumann Holding AG
|
215,787
|
28,252
|
|
Elevance Health, Inc.
|
55,247
|
27,623
|
|
Humana, Inc.
|
49,882
|
25,525
|
|
HOYA Corp.
|
213,900
|
23,554
|
|
Merck & Co., Inc.
|
201,291
|
21,621
|
|
Terumo Corp.
|
742,500
|
21,560
|
|
Daiichi Sankyo Company, Ltd.
|
675,700
|
21,236
|
|
Eli Lilly and Company
|
35,700
|
12,286
|
|
Shionogi & Co., Ltd.
|
233,900
|
11,169
|
|
Regeneron Pharmaceuticals, Inc.1
|
14,495
|
10,994
|
|
Moderna, Inc.1
|
54,720
|
9,634
|
|
|
|
|
1,449,840
|
Industrials 12.92%
|
|
|
|
Safran SA
|
1,070,264
|
153,689
|
|
Northrop Grumman Corp.
|
211,698
|
94,849
|
|
Airbus SE, non-registered shares
|
651,933
|
81,688
|
|
AMETEK, Inc.
|
499,793
|
72,430
|
|
Honeywell International, Inc.
|
345,799
|
72,092
|
|
Axon Enterprise, Inc.1
|
301,318
|
58,890
|
|
TFI International, Inc. (CAD denominated)
|
457,103
|
50,910
|
|
SMC Corp.
|
88,000
|
44,737
|
|
Epiroc AB, Class A
|
2,029,767
|
39,486
|
|
Carrier Global Corp.
|
832,478
|
37,903
|
|
ABB, Ltd.
|
981,938
|
34,193
|
|
MTU Aero Engines AG
|
135,827
|
33,822
|
|
HEICO Corp., Class A
|
142,523
|
19,053
|
|
HEICO Corp.
|
82,698
|
14,137
|
|
Daikin Industries, Ltd.
|
190,100
|
33,099
|
|
Norfolk Southern Corp.
|
133,241
|
32,752
|
|
Ryanair Holdings PLC (ADR)1
|
345,728
|
31,299
|
|
CSX Corp.
|
945,355
|
29,230
|
|
Armstrong World Industries, Inc.
|
360,207
|
27,884
|
|
ITT, Inc.
|
284,723
|
26,078
|
|
Waste Connections, Inc.
|
188,330
|
25,029
|
|
United Airlines Holdings, Inc.1
|
495,837
|
24,276
|
|
Dun & Bradstreet Holdings, Inc.
|
1,561,868
|
22,881
|
|
TransDigm Group, Inc.
|
28,745
|
20,632
|
|
Recruit Holdings Co., Ltd.
|
615,700
|
19,764
|
|
Raytheon Technologies Corp.
|
183,047
|
18,277
|
|
General Electric Co.
|
212,244
|
17,081
|
|
DSV A/S
|
92,391
|
15,257
|
|
DKSH Holding AG
|
151,538
|
12,918
|
|
Delta Air Lines, Inc.1
|
307,953
|
12,041
|
|
BAE Systems PLC
|
232,078
|
2,453
|
|
|
|
|
1,178,830
|
Financials 12.38%
|
|
|
|
AIA Group, Ltd.
|
11,657,400
|
131,641
|
|
JPMorgan Chase & Co.
|
759,399
|
106,285
|
|
Aon PLC, Class A
|
308,245
|
98,232
|
|
London Stock Exchange Group PLC
|
913,492
|
83,693
|
Common stocks (continued)
Financials (continued)
|
|
Shares
|
Value
(000)
|
DBS Group Holdings, Ltd.
|
2,377,896
|
$65,096
|
|
United Overseas Bank, Ltd.
|
2,680,000
|
61,041
|
|
HDFC Bank, Ltd. (ADR)
|
881,988
|
59,411
|
|
Marsh & McLennan Companies, Inc.
|
332,417
|
58,143
|
|
DNB Bank ASA
|
2,847,999
|
53,206
|
|
CME Group, Inc., Class A
|
286,725
|
50,653
|
|
State Street Corp.
|
467,045
|
42,655
|
|
Arthur J. Gallagher & Co.
|
188,539
|
36,901
|
|
MSCI, Inc.
|
62,203
|
33,065
|
|
S&P Global, Inc.
|
85,194
|
31,943
|
|
Citizens Financial Group, Inc.
|
728,747
|
31,569
|
|
Chubb, Ltd.
|
125,746
|
28,606
|
|
First Republic Bank
|
167,772
|
23,636
|
|
Hong Kong Exchanges and Clearing, Ltd.
|
467,600
|
21,017
|
|
Moody’s Corp.
|
63,921
|
20,630
|
|
Partners Group Holding AG
|
21,766
|
20,456
|
|
Wells Fargo & Company
|
398,133
|
18,660
|
|
Western Alliance Bancorporation
|
242,307
|
18,263
|
|
UBS Group AG
|
766,804
|
16,327
|
|
UniCredit SpA
|
814,836
|
15,879
|
|
Nasdaq, Inc.
|
41,850
|
2,519
|
|
|
|
|
1,129,527
|
Consumer staples 8.51%
|
|
|
|
Philip Morris International, Inc.
|
1,019,835
|
106,308
|
|
Nestlé SA
|
743,504
|
90,731
|
|
L’Oréal SA, non-registered shares
|
207,904
|
85,881
|
|
Reckitt Benckiser Group PLC
|
1,062,525
|
75,664
|
|
Anheuser-Busch InBev SA/NV
|
1,142,311
|
68,763
|
|
Carlsberg A/S, Class B
|
448,341
|
63,433
|
|
Danone SA
|
1,124,106
|
61,517
|
|
British American Tobacco PLC
|
1,541,547
|
58,955
|
|
General Mills, Inc.
|
503,464
|
39,451
|
|
Imperial Brands PLC
|
1,018,348
|
25,530
|
|
Diageo PLC
|
564,041
|
24,506
|
|
Uni-Charm Corp.
|
555,700
|
21,224
|
|
Unilever PLC (GBP denominated)
|
394,414
|
20,150
|
|
Costco Wholesale Corp.
|
38,987
|
19,928
|
|
Mondelez International, Inc.
|
230,015
|
15,052
|
|
|
|
|
777,093
|
Consumer discretionary 7.88%
|
|
|
|
Kering SA
|
154,371
|
96,373
|
|
Hilton Worldwide Holdings, Inc.
|
534,287
|
77,520
|
|
Industria de Diseño Textil, SA
|
2,404,032
|
75,073
|
|
LVMH Moët Hennessy-Louis Vuitton SE
|
68,959
|
60,241
|
|
Dollar General Corp.
|
252,508
|
58,986
|
|
MercadoLibre, Inc.1
|
47,577
|
56,221
|
|
Hermès International
|
26,442
|
49,555
|
|
YUM! Brands, Inc.
|
329,280
|
42,974
|
|
Royal Caribbean Cruises, Ltd.1
|
597,514
|
38,803
|
|
NIKE, Inc., Class B
|
259,200
|
33,004
|
|
Oriental Land Co., Ltd.
|
141,100
|
23,480
|
|
B&M European Value Retail SA
|
4,230,704
|
23,461
|
|
Amazon.com, Inc.1
|
222,958
|
22,994
|
Common stocks (continued)
Consumer discretionary (continued)
|
|
Shares
|
Value
(000)
|
Cie. Financière Richemont SA, Class A
|
128,183
|
$19,764
|
|
adidas AG
|
114,116
|
18,291
|
|
Lear Corp.
|
124,247
|
18,113
|
|
Meituan, Class B1
|
95,920
|
2,137
|
|
Galaxy Entertainment Group, Ltd.
|
276,000
|
1,928
|
|
|
|
|
718,918
|
Energy 4.73%
|
|
|
|
TotalEnergies SE
|
1,781,351
|
110,670
|
|
Chevron Corp.
|
544,450
|
94,745
|
|
BP PLC
|
10,104,639
|
61,136
|
|
ConocoPhillips
|
483,923
|
58,976
|
|
TC Energy Corp. (CAD denominated)
|
878,068
|
37,834
|
|
EOG Resources, Inc.
|
244,293
|
32,308
|
|
Pioneer Natural Resources Company
|
99,376
|
22,891
|
|
INPEX Corp.
|
1,152,100
|
12,697
|
|
|
|
|
431,257
|
Materials 4.67%
|
|
|
|
Shin-Etsu Chemical Co., Ltd.
|
565,000
|
84,154
|
|
Air Liquide SA, non-registered shares
|
486,538
|
77,537
|
|
Sika AG
|
201,999
|
57,509
|
|
Sociedad Química y Minera de Chile SA, Class B (ADR)
|
543,283
|
52,992
|
|
Vale SA (ADR), ordinary nominative shares
|
2,585,845
|
48,304
|
|
Linde PLC
|
139,432
|
46,144
|
|
Givaudan SA
|
10,389
|
33,720
|
|
Asahi Kasei Corp.
|
1,752,600
|
13,297
|
|
Barrick Gold Corp.
|
655,209
|
12,809
|
|
|
|
|
426,466
|
Communication services 4.51%
|
|
|
|
Alphabet, Inc., Class A1
|
605,060
|
59,804
|
|
Alphabet, Inc., Class C1
|
526,467
|
52,578
|
|
América Móvil, SAB de CV, Series L (ADR)
|
2,700,110
|
56,513
|
|
Koninklijke KPN NV
|
16,041,503
|
54,804
|
|
Comcast Corp., Class A
|
1,172,235
|
46,128
|
|
Electronic Arts, Inc.
|
238,583
|
30,701
|
|
Nippon Telegraph and Telephone Corp.
|
829,400
|
24,836
|
|
Singapore Telecommunications, Ltd.
|
10,644,800
|
20,401
|
|
Take-Two Interactive Software, Inc.1
|
173,249
|
19,617
|
|
Charter Communications, Inc., Class A1
|
51,027
|
19,610
|
|
Netflix, Inc.1
|
43,531
|
15,404
|
|
Meta Platforms, Inc., Class A1
|
55,244
|
8,230
|
|
Tencent Holdings, Ltd.
|
60,300
|
2,939
|
|
|
|
|
411,565
|
Utilities 2.64%
|
|
|
|
Engie SA
|
4,306,981
|
61,272
|
|
AES Corp.
|
1,516,111
|
41,557
|
|
Sempra Energy
|
247,848
|
39,737
|
|
Edison International
|
375,684
|
25,885
|
|
CenterPoint Energy, Inc.
|
762,000
|
22,951
|
|
Ørsted AS
|
245,394
|
21,873
|
Common stocks (continued)
Utilities (continued)
|
|
Shares
|
Value
(000)
|
Evergy, Inc.
|
222,211
|
$13,922
|
|
National Grid PLC
|
1,058,994
|
13,470
|
|
|
|
|
240,667
|
Real estate 0.89%
|
|
|
|
Equinix, Inc. REIT
|
41,031
|
30,286
|
|
Link REIT
|
3,600,058
|
28,963
|
|
Crown Castle, Inc. REIT
|
148,155
|
21,943
|
|
|
|
|
81,192
|
Total common stocks (cost: $7,922,853,000)
|
|
|
8,636,805
|
Preferred securities 0.09%
Information technology 0.09%
|
|
|
|
Samsung Electronics Co., Ltd., preferred shares (GDR)
|
7,683
|
8,612
|
|
Total preferred securities (cost: $9,620,000)
|
|
|
8,612
|
Rights & warrants 0.00%
Consumer discretionary 0.00%
|
|
|
|
Compagnie Financière Richemont SA, Class A, warrants, expire 11/22/20231
|
139,690
|
162
|
|
Total rights & warrants (cost: $0)
|
|
|
162
|
Short-term securities 5.72%
Money market investments 5.72%
|
|
|
|
Capital Group Central Cash Fund 4.46%3,4
|
5,219,157
|
521,863
|
|
Money market investments purchased with collateral from securities on loan 0.00%
|
|
|
|
Goldman Sachs Financial Square Government Fund, Institutional Shares 4.23%3,5
|
125,682
|
126
|
|
Total short-term securities (cost: $521,960,000)
|
|
|
521,989
|
Total investment securities 100.46% (cost: $8,454,433,000)
|
|
|
9,167,568
|
Other assets less liabilities (0.46)%
|
|
|
(42,374)
|
Net assets 100.00%
|
|
|
$9,125,194
|
|
Value of
affiliate at
11/1/2022
(000)
|
Additions
(000)
|
Reductions
(000)
|
Net
realized
gain
(000)
|
Net
unrealized
appreciation
(000)
|
Value of
affiliate at
1/31/2023
(000)
|
Dividend
income
(000)
|
Short-term securities 5.72%
|
|||||||
Money market investments 5.72%
|
|
|
|
|
|
|
|
Capital Group Central Cash Fund 4.46%3
|
$689,045
|
$547,382
|
$714,628
|
$58
|
$6
|
$521,863
|
$6,959
|
1
|
Security did not produce income during the last 12 months.
|
2
|
All or a portion of this security was on loan. The total value of all such securities was $137,000, which represented less
than 0.01% of the net assets of the fund.
|
3
|
Rate represents the seven-day yield at 1/31/2023.
|
4
|
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
|
5
|
Security purchased with cash collateral from securities on loan.
|
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
|
|
Investment securities
|
|||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Assets:
|
|
|
|
|
Common stocks:
|
|
|
|
|
Information technology
|
$1,091,182
|
$700,268
|
$—
|
$1,791,450
|
Health care
|
822,781
|
627,059
|
—
|
1,449,840
|
Industrials
|
707,724
|
471,106
|
—
|
1,178,830
|
Financials
|
661,171
|
468,356
|
—
|
1,129,527
|
Consumer staples
|
180,739
|
596,354
|
—
|
777,093
|
Consumer discretionary
|
348,615
|
370,303
|
—
|
718,918
|
Energy
|
246,754
|
184,503
|
—
|
431,257
|
Materials
|
160,249
|
266,217
|
—
|
426,466
|
Communication services
|
308,585
|
102,980
|
—
|
411,565
|
Utilities
|
144,052
|
96,615
|
—
|
240,667
|
Real estate
|
52,229
|
28,963
|
—
|
81,192
|
Preferred securities
|
—
|
8,612
|
—
|
8,612
|
Rights & warrants
|
162
|
—
|
—
|
162
|
Short-term securities
|
521,989
|
—
|
—
|
521,989
|
Total
|
$5,246,232
|
$3,921,336
|
$—
|
$9,167,568
|
Key to abbreviations
|
ADR = American Depositary Receipts
|
CAD = Canadian dollars
|
GBP = British pounds
|
GDR = Global Depositary Receipts
|
REIT = Real Estate Investment Trust
|