NPORT-EX 3 edgar.htm EDGAR HTML
 
 
American Funds® Global Insight Fund
Investment portfolio
July 31, 2023
unaudited
 
Common stocks 93.22%
Information technology 17.91%
 
Shares
Value
(000)
Microsoft Corp.
773,988
$259,998
Broadcom, Inc.
260,330
233,946
Apple, Inc.
1,038,251
203,964
ASML Holding NV
259,597
186,155
SAP SE
849,407
116,180
Keyence Corp.
200,860
90,021
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR)
765,098
75,859
KLA Corp.
132,346
68,019
GoDaddy, Inc., Class A1
793,021
61,134
Hamamatsu Photonics KK
1,128,600
54,310
Fujitsu, Ltd.
409,700
52,946
OBIC Co., Ltd.
309,300
50,592
Texas Instruments, Inc.
261,449
47,061
STMicroelectronics NV
780,782
41,743
ServiceNow, Inc.1
62,350
36,350
Analog Devices, Inc.
148,905
29,711
Nomura Research Institute, Ltd.
915,000
25,926
Capgemini SE
133,937
24,276
Dassault Systemes SE
536,606
22,942
Shopify, Inc., Class A, subordinate voting shares1
334,189
22,585
TDK Corp.
578,715
22,117
NICE, Ltd. (ADR)1
81,330
17,718
Nokia Corp.
4,254,267
16,736
Adobe, Inc.1
27,367
14,947
Salesforce, Inc.1
59,335
13,351
Trimble, Inc.1
197,040
10,601
Wolfspeed, Inc.1
151,755
10,001
Lam Research Corp.
4,745
3,409
 
1,812,598
Health care 14.86%
 
 
 
Novo Nordisk AS, Class B
1,526,429
245,989
AstraZeneca PLC
1,330,360
190,981
UnitedHealth Group, Inc.
238,810
120,926
Bristol-Myers Squibb Company
1,836,212
114,194
Abbott Laboratories
794,965
88,503
Genmab A/S1
175,945
72,352
Danaher Corp.
282,183
71,974
EssilorLuxottica SA
347,677
69,933
Zoetis, Inc., Class A
343,927
64,689
Johnson & Johnson
320,752
53,736
BeiGene, Ltd. (ADR)1
250,658
53,696
Edwards Lifesciences Corp.1
583,431
47,882
Seagen, Inc.1
204,165
39,155
Regeneron Pharmaceuticals, Inc.1
49,536
36,751
AbbVie, Inc.
242,093
36,212
American Funds Global Insight Fund — Page 1 of 7
unaudited
Common stocks (continued)
Health care (continued)
 
Shares
Value
(000)
Straumann Holding AG
215,787
$35,670
HOYA Corp.
213,900
24,853
Terumo Corp.
742,500
24,274
Elevance Health, Inc.
50,323
23,734
Merck & Co., Inc.
201,291
21,468
Pfizer, Inc.
580,615
20,937
Daiichi Sankyo Company, Ltd.
675,700
20,647
Eli Lilly and Company
35,700
16,227
Moderna, Inc.1
54,720
6,438
Molina Healthcare, Inc.1
9,023
2,747
 
1,503,968
Industrials 13.31%
 
 
 
Safran SA
1,101,449
182,819
Northrop Grumman Corp.
222,915
99,197
Airbus SE, non-registered shares
651,933
96,037
AMETEK, Inc.
499,793
79,267
TFI International, Inc. (CAD denominated)
457,103
58,670
Honeywell International, Inc.
270,556
52,523
HEICO Corp.
175,511
30,887
HEICO Corp., Class A
142,523
20,003
Carrier Global Corp.
832,478
49,574
CSX Corp.
1,485,385
49,493
SMC Corp.
94,900
49,463
Epiroc AB, Class A
2,029,767
40,513
Ryanair Holdings PLC (ADR)1
391,728
40,164
ABB, Ltd.
981,938
39,253
Daikin Industries, Ltd.
190,100
38,337
General Electric Co.
326,400
37,288
Armstrong World Industries, Inc.
456,945
35,349
RTX Corp.
392,353
34,500
FedEx Corp.
118,232
31,917
MTU Aero Engines AG
135,827
31,705
ITT, Inc.
284,723
28,358
United Airlines Holdings, Inc.1
495,837
26,929
Waste Connections, Inc.
188,330
26,587
TransDigm Group, Inc.
28,745
25,862
Delta Air Lines, Inc.
473,373
21,898
Recruit Holdings Co., Ltd.
615,700
21,349
Axon Enterprise, Inc.1
100,543
18,694
DSV A/S
92,391
18,499
ATS Corp.1
385,396
17,477
Lincoln Electric Holdings, Inc.
75,343
15,122
Norfolk Southern Corp.
60,483
14,128
DKSH Holding AG
151,538
12,208
BAE Systems PLC
302,217
3,612
 
1,347,682
Financials 13.28%
 
 
 
JPMorgan Chase & Co.
759,399
119,955
AIA Group, Ltd.
11,657,400
115,694
London Stock Exchange Group PLC
920,548
99,969
Mastercard, Inc., Class A
250,624
98,816
Aon PLC, Class A
308,245
98,176
Visa, Inc., Class A
301,955
71,784
American Funds Global Insight Fund — Page 2 of 7
unaudited
Common stocks (continued)
Financials (continued)
 
Shares
Value
(000)
DNB Bank ASA
3,355,373
$69,226
Marsh & McLennan Companies, Inc.
332,417
62,634
United Overseas Bank, Ltd.
2,680,000
60,664
HDFC Bank, Ltd. (ADR)
881,988
60,222
CME Group, Inc., Class A
262,010
52,129
DBS Group Holdings, Ltd.
1,721,196
44,345
Arthur J. Gallagher & Co.
188,539
40,498
S&P Global, Inc.
98,633
38,912
MSCI, Inc.
62,203
34,092
State Street Corp.
467,045
33,833
Worldline SA, non-registered shares1
718,266
28,454
Wells Fargo & Company
594,089
27,423
Adyen NV1
14,635
27,191
EVERTEC, Inc.
646,846
25,440
Partners Group Holding AG
21,766
24,410
UniCredit SpA
814,836
20,606
Hong Kong Exchanges and Clearing, Ltd.
481,200
20,102
Fidelity National Information Services, Inc.
313,575
18,934
Jack Henry & Associates, Inc.
109,639
18,372
Chubb, Ltd.
80,588
16,473
PNC Financial Services Group, Inc.
104,307
14,279
Brookfield Asset Management, Ltd., Class A
49,041
1,654
 
1,344,287
Consumer staples 8.77%
 
 
 
Philip Morris International, Inc.
1,024,888
102,202
L’Oréal SA, non-registered shares
207,904
96,740
Nestlé SA
743,504
91,125
Reckitt Benckiser Group PLC
1,126,080
84,368
Anheuser-Busch InBev SA/NV
1,321,730
75,641
Danone SA
1,124,106
68,633
Carlsberg A/S, Class B
448,341
67,244
Dollar General Corp.
309,665
52,290
British American Tobacco PLC
1,541,547
51,744
General Mills, Inc.
566,891
42,369
Constellation Brands, Inc., Class A
111,306
30,364
Imperial Brands PLC
1,018,348
24,040
Costco Wholesale Corp.
38,987
21,859
Unilever PLC
394,414
21,214
Uni-Charm Corp.
555,700
20,573
Pernod Ricard SA
92,602
20,424
Mondelez International, Inc.
230,015
17,051
 
887,881
Consumer discretionary 8.13%
 
 
 
Hilton Worldwide Holdings, Inc.
699,801
108,812
Industria de Diseño Textil, SA
2,404,032
92,011
Amadeus IT Group SA, Class A, non-registered shares
1,133,198
81,261
LVMH Moët Hennessy-Louis Vuitton SE
86,639
80,790
Kering SA
127,373
73,328
Royal Caribbean Cruises, Ltd.1
597,514
65,195
MercadoLibre, Inc.1
50,768
62,853
Hermès International
26,442
58,626
YUM! Brands, Inc.
368,109
50,677
adidas AG
214,001
43,294
American Funds Global Insight Fund — Page 3 of 7
unaudited
Common stocks (continued)
Consumer discretionary (continued)
 
Shares
Value
(000)
B&M European Value Retail SA
4,230,704
$30,036
NIKE, Inc., Class B
259,200
28,613
Oriental Land Co., Ltd.
705,500
27,027
Tractor Supply Co.
66,957
14,998
Amazon.com, Inc.1
21,820
2,917
Galaxy Entertainment Group, Ltd.1
398,000
2,888
 
823,326
Communication services 5.70%
 
 
 
Alphabet, Inc., Class A1
1,051,173
139,512
Alphabet, Inc., Class C1
642,051
85,463
Koninklijke KPN NV
16,041,503
58,063
América Móvil, SAB de CV, Class B (ADR)
2,700,110
56,486
Comcast Corp., Class A
1,172,235
53,055
Take-Two Interactive Software, Inc.1
281,443
43,044
Electronic Arts, Inc.
238,583
32,531
Singapore Telecommunications, Ltd.
12,324,800
24,654
Nippon Telegraph and Telephone Corp.
20,735,000
23,743
Charter Communications, Inc., Class A1
51,027
20,676
Netflix, Inc.1
43,531
19,109
Meta Platforms, Inc., Class A1
55,244
17,601
Tencent Holdings, Ltd.
60,300
2,740
 
576,677
Energy 4.16%
 
 
 
TotalEnergies SE
2,300,272
139,761
Chevron Corp.
544,450
89,105
BP PLC
11,055,731
68,530
ConocoPhillips
483,923
56,967
TC Energy Corp. (CAD denominated)
1,223,006
43,832
EOG Resources, Inc.
169,202
22,424
 
420,619
Materials 3.93%
 
 
 
Shin-Etsu Chemical Co., Ltd.
2,825,000
92,912
Air Liquide SA, non-registered shares
486,538
87,389
Sika AG
214,999
66,740
Linde PLC
139,432
54,472
Vale SA (ADR), ordinary nominative shares
2,458,945
35,974
Givaudan SA
10,389
35,013
Asahi Kasei Corp.
2,097,700
14,279
Barrick Gold Corp.
655,209
11,329
 
398,108
Utilities 2.60%
 
 
 
Engie SA
6,158,276
100,970
Sempra Energy
247,848
36,934
AES Corp.
1,516,111
32,794
Edison International
375,684
27,034
CenterPoint Energy, Inc.
762,000
22,929
Ørsted AS
245,394
21,406
National Grid PLC
1,558,532
20,631
 
262,698
American Funds Global Insight Fund — Page 4 of 7
unaudited
Common stocks (continued)
Real estate 0.57%
 
Shares
Value
(000)
Equinix, Inc. REIT
41,031
$33,232
Link REIT
4,320,069
24,179
 
57,411
Total common stocks (cost: $8,075,349,000)
9,435,255
Rights & warrants 0.00%
Consumer discretionary 0.00%
 
 
 
Compagnie Financière Richemont SA, Class A, warrants, expire 11/22/20231
139,690
172
Total rights & warrants (cost: $0)
172
Short-term securities 6.73%
Money market investments 6.73%
 
 
 
Capital Group Central Cash Fund 5.26%2,3
6,810,684
681,000
Total short-term securities (cost: $680,990,000)
681,000
Total investment securities 99.95% (cost: $8,756,339,000)
10,116,427
Other assets less liabilities 0.05%
4,806
Net assets 100.00%
$10,121,233
Investments in affiliates3
 
 
Value of
affiliate at
11/1/2022
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain
(000)
Net
unrealized
depreciation
(000)
Value of
affiliate at
7/31/2023
(000)
Dividend
income
(000)
Short-term securities 6.73%
Money market investments 6.73%
Capital Group Central Cash Fund 5.26%2
$689,045
$1,224,974
$1,233,057
$51
$(13
)
$681,000
$20,590
 
1
Security did not produce income during the last 12 months.
2
Rate represents the seven-day yield at 7/31/2023.
3
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
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.
Equity securities, including depositary receipts, 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.
American Funds Global Insight Fund — Page 5 of 7
unaudited
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party 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
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 the fund’s investment adviser and approved by the 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, dealer or broker quotes, 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 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 designated 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 “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. 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. The Committee reports 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.
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. As of July 31, 2023, all of the fund’s investments were classifed as Level 1. 
American Funds Global Insight Fund — Page 6 of 7
unaudited
Key to abbreviations
ADR = American Depositary Receipts
CAD = Canadian dollars
REIT = Real Estate Investment Trust
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.
© 2023 Capital Group. All rights reserved.
MFGEFP3-122-0923O-S96403
American Funds Global Insight Fund — Page 7 of 7