0000051931-20-001273.txt : 20201130 0000051931-20-001273.hdr.sgml : 20201130 20201130125836 ACCESSION NUMBER: 0000051931-20-001273 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201130 DATE AS OF CHANGE: 20201130 EFFECTIVENESS DATE: 20201130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EUROPACIFIC GROWTH FUND CENTRAL INDEX KEY: 0000719603 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-03734 FILM NUMBER: 201357394 BUSINESS ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 0000719603 S000009618 EUROPACIFIC GROWTH FUND C000026328 Class A AEPGX C000026329 Class R-1 RERAX C000026330 Class R-2 RERBX C000026331 Class R-3 RERCX C000026332 Class R-4 REREX C000026333 Class R-5 RERFX C000026335 Class C AEPCX C000026336 Class F-1 AEGFX C000026337 Class 529-A CEUAX C000026339 Class 529-C CEUCX C000026340 Class 529-E CEUEX C000026341 Class 529-F-1 CEUFX C000066830 Class F-2 AEPFX C000077411 Class R-6 RERGX C000148435 Class R-2E REEBX C000164824 Class R-5E RERHX C000179990 Class F-3 FEUPX C000189494 Class 529-T TEUGX C000189495 Class T TEUPX C000221169 Class 529-F-2 FUEPX C000221170 Class 529-F-3 FEPUX N-CSRS 1 eupac_ncsrs.htm N-CSRS

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-CSR

Certified Shareholder Report of

Registered Management Investment Companies

 

Investment Company Act File Number: 811-03734

 

EuroPacific Growth Fund

(Exact Name of Registrant as Specified in Charter)

 

333 South Hope Street

Los Angeles, California 90071

(Address of Principal Executive Offices)

 

Registrant's telephone number, including area code: (949) 975-5000

 

Date of fiscal year end: March 31

 

Date of reporting period: September 30, 2020

 

Brian C. Janssen

EuroPacific Growth Fund

6455 Irvine Center Drive

Los Angeles, California 90071

(Name and Address of Agent for Service)

 
 

 

ITEM 1 – Reports to Stockholders

 

 

 

EuroPacific Growth Fund®

 

Semi-annual report
for the six months ended
September 30, 2020

 

 

Tap into the growth
potential of
international equities

 

Beginning January 1, 2021, as permitted by regulations adopted by the U.S. Securities and Exchange Commission, we intend to no longer mail paper copies of the fund’s shareholder reports, unless specifically requested from American Funds or your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on the Capital Group website (capitalgroup.com); you will be notified by mail and provided with a website link to access the report each time a report is posted. If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. If you prefer to receive shareholder reports and other communications electronically, you may update your mailing preferences with your financial intermediary, or enroll in e-delivery at capitalgroup.com (for accounts held directly with the fund).

 

You may elect to receive paper copies of all future reports free of charge. If you invest through a financial intermediary, you may contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with the fund, you may inform American Funds that you wish to continue receiving paper copies of your shareholder reports by contacting us at (800) 421-4225. Your election to receive paper reports will apply to all funds held with American Funds or through your financial intermediary.

 

 

EuroPacific Growth Fund seeks to provide you with long-term growth of capital.

 

This fund is one of more than 40 offered by Capital Group, home of American Funds, one of the nation’s largest mutual fund families. For nearly 90 years, Capital Group has invested with a long-term focus based on thorough research and attention to risk.

 

Fund results shown in this report, unless otherwise indicated, are for Class A shares at net asset value. If a sales charge (maximum 5.75%) had been deducted, the results would have been lower. Results are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. For current information and month-end results, visit capitalgroup.com.

 

Here are the average annual total returns on a $1,000 investment with all distributions reinvested for periods ended September 30, 2020:

 

Class A shares     1 year       5 years       10 years  
                         
Reflecting 5.75% maximum sales charge     7.96%       7.42%       5.79%  

 

For other share class results, visit capitalgroup.com and americanfundsretirement.com.

 

The total annual fund operating expense ratio is 0.84% for Class A shares as of the prospectus dated June 1, 2020. The expense ratio is restated to reflect current fees.

 

Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers, without which results would have been lower. Visit capitalgroup.com for more information.

 

Investing outside the United States may be subject to risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. Refer to the fund prospectus and the Risk Factors section of this report for more information on these and other risks associated with investing in the fund.

 

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

 

Fellow investors:

 

Results for EuroPacific Growth Fund for the periods ended September 30, 2020, are shown in the table below, as well as results of the fund’s benchmark.

 

For additional information about the fund, its investment results, holdings and portfolio managers, visit capitalgroup.com/individual/investments/fund/AEPGX. You can also access information about Capital Group’s American Funds and read our insights about the markets, retirement, saving for college, investing fundamentals and more at capitalgroup.com.

 

Results at a glance

 

For periods ended September 30, 2020, with all distributions reinvested

 

    Cumulative
total returns
  Average annual total returns
    6 months   1 year   5 years   10 years   Lifetime
(since 4/16/84)
                                         
EuroPacific Growth Fund (Class A shares)     34.39 %     14.54 %     8.70 %     6.42 %     10.49 %
MSCI ACWI (All Country World Index) ex USA1     23.38       3.00       6.23       4.00       8.27 2 

 

1 The market index is unmanaged and, therefore, has no expenses. Investors cannot invest directly in an index. Source: MSCI.
2 The index did not exist prior to December 31, 1987. Results reflect dividends net of withholding taxes.

 

EuroPacific Growth Fund 1
 
Summary investment portfolio September 30, 2020 unaudited
   
Industry sector diversification Percent of net assets

 

 

Country diversification by domicile   Percent of
net assets
Eurozone*     24.47 %
Japan     14.53  
China     11.65  
India     8.28  
United Kingdom     6.42  
Brazil     4.45  
Hong Kong     4.02  
Switzerland     4.01  
Canada     3.75  
Other countries     13.98  
Short-term securities & other assets less liabilities     4.44  
* Countries using the euro as a common currency; those represented in the fund’s portfolio are Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands and Spain.
   
Common stocks 93.63%   Shares     Value
(000)
 
Consumer discretionary 17.70%                
Alibaba Group Holding Ltd.1,2     122,025,333     $ 4,512,334  
MercadoLibre, Inc.2,3     3,206,538       3,471,013  
LVMH Moët Hennessy-Louis Vuitton SE1     5,761,457       2,693,458  
Flutter Entertainment PLC (GBP denominated)1,3     7,216,405       1,136,513  
Flutter Entertainment PLC (EUR denominated)1,3     5,441,169       862,178  
adidas AG1,2     4,894,744       1,584,249  
Sony Corp.1     17,865,360       1,366,431  
Kering SA1     1,846,698       1,226,919  
Meituan Dianping, Class B1,2     35,777,570       1,125,179  
EssilorLuxottica1,2     7,775,377       1,057,338  
Delivery Hero SE1,2     9,118,749       1,048,932  
Just Eat Takeaway (GBP denominated)1,2,3     5,755,369       643,122  
Just Eat Takeaway (EUR denominated)1,2,3     3,146,014       352,315  
Galaxy Entertainment Group Ltd.1     125,119,000       846,851  
Other securities             7,129,530  
              29,056,362  
                 
2 EuroPacific Growth Fund
 
    Shares     Value
(000)
 
Information technology 15.59%                
ASML Holding NV1     10,440,613     $ 3,849,815  
Taiwan Semiconductor Manufacturing Company, Ltd.1     183,684,649       2,758,682  
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR)     8,589,782       696,373  
Shopify Inc., Class A, subordinate voting shares2     2,747,705       2,810,820  
Keyence Corp.1     6,028,900       2,809,724  
SAP SE1     13,484,711       2,099,885  
PagSeguro Digital Ltd., Class A2,3     27,452,436       1,035,231  
Samsung Electronics Co., Ltd.1     17,631,453       888,373  
STMicroelectronics NV1     28,633,416       875,246  
Other securities             7,771,173  
              25,595,322  
                 
Financials 13.06%                
AIA Group Ltd.1     373,649,401       3,680,887  
HDFC Bank Ltd.1,2     170,841,963       2,517,368  
HDFC Bank Ltd. (ADR)2     9,537,540       476,495  
Kotak Mahindra Bank Ltd.1,2     98,539,478       1,696,066  
London Stock Exchange Group PLC1     10,390,289       1,188,657  
B3 SA - Brasil, Bolsa, Balcao     101,429,300       993,541  
Ping An Insurance (Group) Company of China, Ltd., Class H1,4     80,297,999       828,373  
UniCredit SpA1,2     111,319,973       918,022  
Other securities             9,145,340  
              21,444,749  
                 
Health care 12.95%                
Daiichi Sankyo Company, Ltd.1,3     118,008,600       3,626,229  
Chugai Pharmaceutical Co., Ltd.1     42,467,600       1,905,696  
WuXi Biologics (Cayman) Inc.1,2     67,747,874       1,662,565  
AstraZeneca PLC1     12,503,044       1,360,843  
HOYA Corp.1     7,685,551       866,313  
Olympus Corp.1     40,269,800       835,889  
CSL Ltd.1     3,893,001       802,121  
Novartis AG1     9,169,847       796,871  
Other securities             9,395,208  
              21,251,735  
                 
Industrials 8.40%                
Recruit Holdings Co., Ltd.1     51,825,329       2,056,294  
Airbus SE, non-registered shares1,2     25,507,717       1,851,472  
Safran SA1,2     10,776,168       1,060,416  
DSV Panalpina A/S1     5,225,958       852,821  
Other securities             7,967,226  
              13,788,229  
                 
Communication services 6.59%                
Sea Ltd., Class A (ADR)2     15,976,392       2,461,003  
Tencent Holdings Ltd.1     26,333,612       1,753,644  
SoftBank Group Corp.1     22,618,155       1,396,609  
Nintendo Co., Ltd.1     2,052,693       1,166,916  
Z Holdings Corp.1     170,771,083       1,140,947  
Other securities             2,902,851  
              10,821,970  
                 
EuroPacific Growth Fund 3
 
Common stocks (continued)   Shares     Value
(000)
 
Materials 5.44%                
Sika AG1     6,478,480     $ 1,591,569  
Vale SA, ordinary nominative (ADR)     84,717,257       896,308  
Vale SA, ordinary nominative     53,078,361       558,675  
Koninklijke DSM NV1     7,783,209       1,282,641  
Shin-Etsu Chemical Co., Ltd.1     7,967,900       1,039,986  
Linde PLC     2,816,021       670,579  
Linde PLC (EUR denominated)1     1,188,006       281,180  
Other securities             2,612,142  
              8,933,080  
                 
Energy 5.12%                
Reliance Industries Ltd.1     194,339,305       5,919,038  
Reliance Industries Ltd., interim shares1     10,027,005       183,633  
Canadian Natural Resources, Ltd. (CAD denominated)4     57,342,499       918,996  
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR)     62,080,717       442,015  
Other securities             945,742  
              8,409,424  
                 
Consumer staples 5.03%                
Kweichow Moutai Co., Ltd., Class A1     7,611,804       1,871,230  
Nestlé SA1     13,227,069       1,569,248  
Other securities             4,814,438  
              8,254,916  
                 
Utilities 2.62%                
Ørsted AS1     9,373,416       1,292,921  
Enel SpA1     106,502,764       924,780  
ENN Energy Holdings Ltd.1,3     75,916,100       828,216  
Other securities             1,257,951  
              4,303,868  
                 
Real estate 1.13%                
Other securities             1,859,083  
                 
Total common stocks (cost: $97,012,596,000)             153,718,738  
                 
Preferred securities 1.74%                
Energy 0.73%                
Petróleo Brasileiro SA (Petrobras), preferred nominative     173,525,918       605,930  
Petróleo Brasileiro SA (Petrobras), preferred nominative (ADR)     84,809,178       597,057  
              1,202,987  
                 
Other 1.01%                
Other securities             1,646,843  
                 
Total preferred securities (cost: $2,269,617,000)             2,849,830  
                 
Rights & warrants 0.13%                
Health care 0.13%                
Other securities             220,350  
                 
Total rights & warrants (cost: $165,420,000)             220,350  
   
4 EuroPacific Growth Fund
 
Bonds, notes & other debt instruments 0.06%   Principal amount
(000)
    Value
(000)
 
U.S. Treasury bonds & notes 0.06%                
Other securities           $ 100,598  
                 
Total bonds, notes & other debt instruments (cost: $100,203,000)             100,598  
                 
Short-term securities 4.59%     Shares          
Money market investments 4.59%                
Capital Group Central Cash Fund 0.12%3,5     73,553,906       7,356,126  
BlackRock Liquidity Funds – FedFund, Institutional Shares 0%5,6     75,000,000       75,000  
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%5,6     43,540,000       43,540  
Goldman Sachs Financial Square Government Fund, Institutional Shares 0%5,6     27,000,000       27,000  
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.02%5,6     23,737,196       23,737  
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 0.02%5,6     10,500,000       10,500  
Fidelity Investments Money Market Government Portfolio, Class I 0.01%5,6     2,000,000       2,000  
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 0.03%5,6   1,200,000       1,200  
              7,539,103  
                 
Total short-term securities (cost: $7,538,099,000)             7,539,103  
Total investment securities 100.15% (cost: $107,085,935,000)             164,428,619  
Other assets less liabilities (0.15)%             (244,821 )
                 
Net assets 100.00%           $ 164,183,798  

 

This summary investment portfolio is designed to streamline the report and help investors better focus on the fund’s principal holdings. See the inside back cover for details on how to obtain a complete schedule of portfolio holdings.

 

“Other securities” includes all issues that are not disclosed separately in the summary investment portfolio. “Other securities” also includes securities (with an aggregate value of $220,350,000, which represented .13% of the net assets of the fund) which were acquired in transactions exempt from registration under Rule 144A of the Securities Act of 1933 and may be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers.

 

EuroPacific Growth Fund 5
 

Investments in affiliates3

 

    Value of
affiliates at
4/1/2020
(000)
    Additions
(000)
    Reductions
(000)
    Net
realized
gain (loss)
(000)
 
Common stocks 10.58%                                
Consumer discretionary 4.71%                                
MercadoLibre, Inc.2   $ 2,007,570     $ 88,714     $ 1,133,222     $ 670,743  
Flutter Entertainment PLC (GBP denominated)1     109,544       670,961       1,859       788  
Flutter Entertainment PLC (EUR denominated)1     458,413       43,413       1,421       785  
Just Eat Takeaway (GBP denominated)1,2     496,082             92,976       19,203  
Just Eat Takeaway (EUR denominated)1,2     237,563             598       189  
Melco Resorts & Entertainment Ltd. (ADR)     404,561             102,569       (56,946 )
GVC Holdings PLC1,2     321,321       4,480       126,420       (34,557 )
ASOS PLC1,2     80,572       10,394       563       370  
Ryohin Keikaku Co., Ltd.1,7     203,217             204,031       (189,444 )
Stars Group Inc.2,7     471,348             554,503        
Information technology 1.40%                                
PagSeguro Digital Ltd., Class A2     507,948       63,638       18,274       (2,446 )
Halma PLC1     534,058             33,676       7,906  
Edenred SA1,4     568,951       10,438       2,618       64  
Financials 0.20%                                
Commerzbank AG, non-registered shares1,2     217,823       30,295       566       5  
B3 SA - Brasil, Bolsa, Balcao7     633,558       104,230       55,140       10,119  
Health care 2.74%                                
Daiichi Sankyo Company, Ltd.1     2,709,731       56,054       59,014       3,489  
Teva Pharmaceutical Industries Ltd. (ADR)2     504,937             1,074       284  
Notre Dame Intermédica Participações SA     325,423             73,023       (31,919 )
Hikma Pharmaceuticals PLC1,7     365,512             116,168       13,166  
Hypera SA, ordinary nominative7     191,798       70,258       87,565       (60,638 )
NMC Health PLC1,2,7,8     8,290             600       (313,192 )
Industrials 0.35%                                
Melrose Industries PLC1,2     438,676             886       66  
MTU Aero Engines AG1,7     432,886             60,554       (47,265 )
Communication services 0.24%                                
Altice Europe NV, Class A1,2     260,811             530       264  
Altice Europe NV, Class B1,2     57,068             115       (123 )
Materials 0.27%                                
First Quantum Minerals Ltd.     271,293       20,275       41,114       (11,491 )
Energy 0.17%                                
Cenovus Energy Inc.     93,143       74,878       553       254  
Consumer staples 0.00%                                
KOSÉ Corp.1,7     523,331             486,963       (152,486 )
Utilities 0.50%                                
ENN Energy Holdings Ltd.1     709,198       28,217       1,524       834  
China Resources Gas Group Ltd.1,7     635,653       2,553       221,559       4,626  
                                 
Short-term securities 4.48%                                
Money market investments 4.48%                                
Capital Group Central Cash Fund 0.12%5     11,404,067       9,358,564       13,403,545       812  
                            $ (166,540 )
   
6 EuroPacific Growth Fund
 
    Net
unrealized
appreciation
(depreciation)
(000)
    Value of
affiliates at
9/30/2020
(000)
    Dividend
income
(000)
 
Common stocks 10.58%                        
Consumer discretionary 4.71%                        
MercadoLibre, Inc.2   $ 1,837,208     $ 3,471,013     $  
Flutter Entertainment PLC (GBP denominated)1     357,079       1,136,513        
Flutter Entertainment PLC (EUR denominated)1     360,988       862,178        
Just Eat Takeaway (GBP denominated)1,2     220,813       643,122        
Just Eat Takeaway (EUR denominated)1,2     115,161       352,315        
Melco Resorts & Entertainment Ltd. (ADR)     200,221       445,267        
GVC Holdings PLC1,2     263,443       428,267        
ASOS PLC1,2     305,430       396,203        
Ryohin Keikaku Co., Ltd.1,7     190,258              
Stars Group Inc.2,7     83,155              
              7,734,878          
Information technology 1.40%                        
PagSeguro Digital Ltd., Class A2     484,365       1,035,231        
Halma PLC1     134,080       642,368       2,805  
Edenred SA1,4     43,503       620,338       10,297  
              2,297,937          
Financials 0.20%                        
Commerzbank AG, non-registered shares1,2     76,226       323,783        
B3 SA - Brasil, Bolsa, Balcao7     300,774             17,533  
              323,783          
Health care 2.74%                        
Daiichi Sankyo Company, Ltd.1     915,969       3,626,229       15,078  
Teva Pharmaceutical Industries Ltd. (ADR)2     1,625       505,772        
Notre Dame Intermédica Participações SA     144,268       364,749       8  
Hikma Pharmaceuticals PLC1,7     78,983             1,632  
Hypera SA, ordinary nominative7     37,929             1,323  
NMC Health PLC1,2,7,8     305,542              
              4,496,750          
Industrials 0.35%                        
Melrose Industries PLC1,2     134,311       572,167        
MTU Aero Engines AG1,7     87,673             118  
              572,167          
Communication services 0.24%                        
Altice Europe NV, Class A1,2     62,046       322,591        
Altice Europe NV, Class B1,2     13,486       70,316        
              392,907          
Materials 0.27%                        
First Quantum Minerals Ltd.     212,708       451,671       400  
Energy 0.17%                        
Cenovus Energy Inc.     103,777       271,499        
Consumer staples 0.00%                        
KOSÉ Corp.1,7     116,118              
Utilities 0.50%                        
ENN Energy Holdings Ltd.1     91,491       828,216       15,889  
China Resources Gas Group Ltd.1,7     (56,345 )           13,334  
              828,216          
Total common stocks             17,369,808          
   
EuroPacific Growth Fund 7
 

Investments in affiliates3 (continued)

 

    Net
unrealized
appreciation
(depreciation)
(000)
    Value of
affiliates at
9/30/2020
(000)
    Dividend
income
(000)
 
Short-term securities 4.48%                        
Money market investments 4.48%                        
Capital Group Central Cash Fund 0.12%5   $ (3,772 )   $ 7,356,126     $ 13,068  
Total 15.06%   $ 7,218,513     $ 24,725,934     $ 91,485  
   
1 Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities, including those in “Other securities,” was $131,053,749,000, which represented 79.82% of the net assets of the fund. This amount includes $130,833,359,000 related 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 Affiliate of the fund or part of the same group of investment companies as the fund, in each case as defined under the Investment Company Act of 1940.
4 All or a portion of this security was on loan. The total value of all such securities, including those in “Other securities,” was $224,978,000, which represented .14% of the net assets of the fund. Refer to Note 5 for more information on securities lending.
5 Rate represents the seven-day yield at 9/30/2020.
6 Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.
7 Unaffiliated issuer at 9/30/2020.
8 Value determined using significant unobservable inputs.

 

Key to abbreviations

ADR = American Depositary Receipts
CAD = Canadian dollars
EUR = Euros
GBP = British pounds

 

See notes to financial statements.

 

8 EuroPacific Growth Fund
 

Financial statements

 

Statement of assets and liabilities unaudited
at September 30, 2020 (dollars in thousands)

 

Assets:            
Investment securities, at value:                
Unaffiliated issuers (cost: $86,909,486)   $ 139,702,685          
Affiliated issuers (cost: $20,176,449)     24,725,934     $ 164,428,619  
Cash             4  
Cash denominated in currencies other than U.S. dollars (cost: $118,996)             118,947  
Receivables for:                
Sales of investments     279,730          
Sales of fund’s shares     344,029          
Dividends and interest     308,057          
Securities lending income     91       931,907  
              165,479,477  
Liabilities:                
Collateral for securities on loan             182,977  
Payables for:                
Purchases of investments     228,425          
Repurchases of fund’s shares     399,464          
Investment advisory services     55,971          
Services provided by related parties     18,442          
Trustees’ deferred compensation     4,730          
U.S. and non-U.S. taxes     374,423          
Other     31,247       1,112,702  
Net assets at September 30, 2020           $ 164,183,798  
                 
Net assets consist of:                
Capital paid in on shares of beneficial interest           $ 108,281,107  
Total distributable earnings             55,902,691  
Net assets at September 30, 2020           $ 164,183,798  

 

See notes to financial statements.

 

EuroPacific Growth Fund 9
   

(dollars and shares in thousands, except per-share amounts)

 

Shares of beneficial interest issued and outstanding (no stated par value) —
unlimited shares authorized (2,837,316 total shares outstanding)

 

    Net assets     Shares
outstanding
    Net asset value
per share
 
Class A   $ 24,359,411       420,283     $ 57.96  
Class C     650,815       11,579       56.21  
Class T     12       *     58.04  
Class F-1     2,394,324       41,501       57.69  
Class F-2     22,711,239       392,530       57.86  
Class F-3     16,059,253       276,586       58.06  
Class 529-A     1,489,260       26,031       57.21  
Class 529-C     80,110       1,442       55.57  
Class 529-E     56,651       1,001       56.59  
Class 529-T     14       *     58.01  
Class 529-F-1     168,111       2,937       57.23  
Class R-1     172,013       3,116       55.20  
Class R-2     667,844       11,988       55.71  
Class R-2E     94,539       1,655       57.13  
Class R-3     2,761,081       48,814       56.56  
Class R-4     6,237,051       109,991       56.70  
Class R-5E     2,327,230       40,440       57.55  
Class R-5     7,087,147       122,321       57.94  
Class R-6     76,867,693       1,325,101       58.01  

 

* Amount less than one thousand.

 

See notes to financial statements.

 

10 EuroPacific Growth Fund
   
Statement of operations unaudited
for the six months ended September 30, 2020 (dollars in thousands)

 

Investment income:                
Income:                
Dividends (net of non-U.S. taxes of $252,528; also includes $91,485 from affiliates)   $ 1,327,478          
Interest     119,719          
Securities lending income (net of fees)     1,764     $ 1,448,961  
Fees and expenses*:                
Investment advisory services     318,738          
Distribution services     54,269          
Transfer agent services     41,172          
Administrative services     23,061          
Reports to shareholders     1,859          
Registration statement and prospectus     944          
Trustees’ compensation     1,015          
Auditing and legal     241          
Custodian     9,916          
Other     584       451,799  
Net investment income             997,162  
                 
Net realized gain and unrealized appreciation:                
Net realized gain (loss) on:                
Investments:                
Unaffiliated issuers     843,402          
Affiliated issuers     (166,540 )        
In-kind redemptions     117,534          
Currency transactions     (54,586 )     739,810  
Net unrealized appreciation on:                
Investments (net of non-U.S. taxes of $317,384):                
Unaffiliated issuers     34,965,032          
Affiliated issuers     7,218,513          
Currency translations     2,306       42,185,851  
Net realized gain and unrealized appreciation             42,925,661  
                 
Net increase in net assets resulting from operations           $ 43,922,823  

 

* Additional information related to class-specific fees and expenses is included in the notes to financial statements.

 

See notes to financial statements.

 

EuroPacific Growth Fund 11
   
Statements of changes in net assets  
  (dollars in thousands)

 

    Six months ended
September 30,
2020*
    Year ended
March 31,
2020
 
Operations:                
Net investment income   $ 997,162     $ 1,981,315  
Net realized gain     739,810       3,085,446  
Net unrealized appreciation (depreciation)     42,185,851       (24,111,444 )
Net increase (decrease) in net assets resulting from operations     43,922,823       (19,044,683 )
                 
Distributions paid to shareholders           (5,069,935 )
                 
Net capital share transactions     (10,061,595 )     (2,068,413 )
                 
Total increase (decrease) in net assets     33,861,228       (26,183,031 )
                 
Net assets:                
Beginning of period     130,322,570       156,505,601  
End of period   $ 164,183,798     $ 130,322,570  

 

* Unaudited.

 

See notes to financial statements.

 

12 EuroPacific Growth Fund
   
Notes to financial statements unaudited
   
1. Organization  

 

EuroPacific Growth Fund (the “fund”) is registered under the Investment Company Act of 1940 as an open-end, diversified management investment company. The fund seeks to provide long-term growth of capital. Shareholders approved a proposal to reorganize the fund from a Massachusetts business trust to a Delaware statutory trust. The reorganization may be completed in the next year; however, the fund reserves the right to delay the implementation.

 

The fund has 19 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), five 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T and 529-F-1) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund’s share classes are described further in the following table:

 

Share class   Initial sales charge   Contingent deferred sales
charge upon redemption
  Conversion feature  
Classes A and 529-A   Up to 5.75%1   None (except 1% for certain redemptions within 18 months of purchase without an initial sales charge)   None  
Class C   None   1% for redemptions within one year of purchase   Class C converts to Class F-1 after 10 years2  
Class 529-C   None   1% for redemptions within one year of purchase   Class 529-C converts to Class 529-A after 10 years3  
Class 529-E   None   None   None  
Classes T and 529-T4   Up to 2.50%   None   None  
Classes F-1, F-2, F-3 and 529-F-1   None   None   None  
Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6   None   None   None  

 

1 Up to 3.50% for Class 529-A shares purchased on or after June 30, 2020.
2 Effective June 30, 2020, Class C converts to Class A after 8 years.
3 Effective June 30, 2020, Class 529-C converts to Class 529-A after 5 years.
4 Class T and 529-T shares are not available for purchase.

 

Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses (“class-specific fees and expenses”), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.

 

EuroPacific Growth Fund 13
 

2. Significant accounting policies

 

The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board. The fund’s financial statements have been prepared to comply with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles require the fund’s investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.

 

Security transactions and related investment income — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

 

Class allocations — Income, fees and expenses (other than class-specific fees and expenses), realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.

 

Distributions paid to shareholders — Income dividends and capital gain distributions are recorded on the ex-dividend date.

 

Currency translation — 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. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the fund’s statement of operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.

 

In-kind redemptions — The fund normally redeems shares in cash; however, under certain conditions and circumstances, payment of the redemption price wholly or partly with portfolio securities or other fund assets may be permitted. A redemption of shares in-kind is based upon the closing value of the shares being redeemed as of the trade date. Realized gains/losses resulting from redemptions of shares in-kind are reflected separately in the fund’s statement of operations.

 

14 EuroPacific Growth Fund
 

3. Valuation

 

Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by U.S. GAAP. 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.

 

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

 

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

 

EuroPacific Growth Fund 15
 

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.

 

16 EuroPacific Growth Fund
 

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 September 30, 2020 (dollars in thousands):

 

    Investment securities  
    Level 1     Level 2     Level 3     Total  
Assets:                                
Common stocks:                                
Consumer discretionary   $ 4,241,735     $ 24,814,627     $     $ 29,056,362  
Information technology     6,080,425       19,514,897             25,595,322  
Financials     2,836,375       18,608,374             21,444,749  
Health care     1,718,977       19,532,718       40       21,251,735  
Industrials     779,950       13,008,279             13,788,229  
Communication services     3,051,542       7,770,428             10,821,970  
Materials     3,142,632       5,790,448             8,933,080  
Energy     1,758,790       6,650,634             8,409,424  
Consumer staples     515,087       7,739,829             8,254,916  
Utilities           4,303,868             4,303,868  
Real estate     292,684       1,566,399             1,859,083  
Preferred securities     1,316,972       1,532,858       *     2,849,830  
Rights & warrants           220,350             220,350  
Bonds, notes & other debt instruments           100,598             100,598  
Short-term securities     7,539,103                   7,539,103  
Total   $ 33,274,272     $ 131,154,307     $ 40     $ 164,428,619  

 

* Amount less than one thousand.

 

EuroPacific Growth Fund 17
 

4. Risk factors

 

Investing in the fund may involve certain risks including, but not limited to, those described below.

 

Market conditions — The prices of, and the income generated by, the common stocks and other securities held by the fund may decline — sometimes rapidly or unpredictably — due to various factors, including events or conditions affecting the general economy or particular industries; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; and currency exchange rate, interest rate and commodity price fluctuations.

 

Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease) and other circumstances in one country or region could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund’s investments may be negatively affected by developments in other countries and regions.

 

Issuer risks — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer’s goods or services, poor management performance, major litigation related to the issuer, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives.

 

Investing in growth-oriented stocks — Growth-oriented common stocks and other equity-type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) may involve larger price swings and greater potential for loss than other types of investments. These risks may be even greater in the case of smaller capitalization stocks.

 

Investing outside the U.S. — Securities of issuers domiciled outside the U.S., or with significant operations or revenues outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers operate or generate revenue. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different accounting practices

 

18 EuroPacific Growth Fund
 

and different regulatory, legal and reporting standards and practices, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund. The risks of investing outside the U.S. may be heightened in connection with investments in emerging markets.

 

Investing in emerging markets — Investing in emerging markets may involve risks in addition to and greater than those generally associated with investing in the securities markets of developed countries. For instance, emerging market countries may have less developed legal and accounting systems than those in developed countries. The governments of these countries may be less stable and more likely to impose capital controls, nationalize a company or industry, place restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or impose punitive taxes that could adversely affect the prices of securities. In addition, the economies of these countries may be dependent on relatively few industries that are more susceptible to local and global changes. Securities markets in these countries can also be relatively small and have substantially lower trading volumes. As a result, securities issued in these countries may be more volatile and less liquid, and may be more difficult to value, than securities issued in countries with more developed economies and/or markets. Less certainty with respect to security valuations may lead to additional challenges and risks in calculating the fund’s net asset value. Additionally, emerging markets are more likely to experience problems with the clearing and settling of trades and the holding of securities by banks, agents and depositories that are less established than those in developed countries.

 

Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.

 

5. Certain investment techniques

 

Securities lending — The fund has entered into securities lending transactions in which the fund earns income by lending investment securities to brokers, dealers or other institutions. Each transaction involves three parties: the fund, acting as the lender of the securities, a borrower, and a lending agent that acts as an intermediary.

 

Securities lending transactions are entered into by the fund under a securities lending agent agreement with the lending agent. The lending agent facilitates the exchange of securities between the fund and approved borrowers, ensures that securities loans are properly coordinated and documented, marks-to-market the value of collateral daily, secures additional collateral from a borrower if it falls below preset terms, and may reinvest cash collateral on behalf of the fund according to agreed parameters. The

 

EuroPacific Growth Fund 19
 

lending agent provides indemnification to the fund against losses resulting from a borrower default. Although risk is mitigated by the collateral and indemnification, the fund could experience a delay in recovering its securities and a potential loss of income or value if a borrower fails to return securities, collateral investments decline in value or the lending agent fails to perform.

 

The borrower is required to post highly liquid assets, such as cash or U.S. government securities, as collateral for the loan in an amount at least equal to the value of the securities loaned. Investments made with cash collateral are recognized as assets in the fund’s investment portfolio. The same amount is recorded as a liability in the fund’s statement of assets and liabilities. While securities are on loan, the fund will continue to receive the equivalent of the interest, dividends or other distributions paid by the issuer, as well as a portion of the interest on the investment of the collateral. Additionally, although the fund does not have the right to vote on securities while they are on loan, the fund has a right to consent on corporate actions and a right to recall loaned securities to vote. A borrower is obligated to return loaned securities at the conclusion of a loan or, during the pendency of a loan, on demand from the fund.

 

As of September 30, 2020, the total value of securities on loan was $224,978,000, and the total value of collateral received was $238,088,000. Collateral received includes cash of $182,977,000 and U.S. government securities of $55,111,000. Investment securities purchased from cash collateral are disclosed in the investment portfolio as short-term securities. Securities received as collateral, if any, are not recognized as fund assets. The contractual maturity of cash collateral received under the securities lending agreement is classified as overnight and continuous.

 

Collateral — The fund receives highly liquid assets, such as cash or U.S. government securities, as collateral in exchange for lending investment securities. The purpose of the collateral is to cover potential losses that could occur in the event the borrower cannot meet its contractual obligation. The lending agent may reinvest cash collateral from securities lending transactions according to agreed parameters. Cash collateral reinvested by the lending agent, if any, is disclosed in the fund’s summary investment portfolio.

 

6. Taxation and distributions

 

Federal income taxation — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to mutual funds and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

 

As of and during the period ended September 30, 2020, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the period, the fund did not incur any significant interest or penalties.

 

20 EuroPacific Growth Fund
 

The fund’s tax returns are not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction’s statute of limitations, which is generally three years after the date of filing but can be extended in certain jurisdictions.

 

Non-U.S. taxation — Dividend and interest income are recorded net of non-U.S. taxes paid. The fund may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. As a result of rulings from European courts, the fund filed for additional reclaims related to prior years. These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. If applicable, the fund records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

 

Distributions — Distributions paid to shareholders are based on net investment income and net realized gains determined on a tax basis, which may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; unrealized appreciation of certain investments in securities outside the U.S.; deferred expenses; cost of investments sold and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes.

 

The components of distributable earnings on a tax basis are reported as of the fund’s most recent year-end. As of March 31, 2020, the components of distributable earnings on a tax basis were as follows (dollars in thousands):

 

Post-October capital loss deferral*   $ (1,546,268 )
   
* This deferral is considered incurred in the subsequent year.

 

As of September 30, 2020, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

 

Gross unrealized appreciation on investments   $ 62,058,345  
Gross unrealized depreciation on investments     (5,928,599 )
Net unrealized appreciation on investments     56,129,746  
Cost of investments     108,298,873  

 

EuroPacific Growth Fund 21
 

No distributions were paid to shareholders during the six months ended September 30, 2020.

 

    Six months ended September 30, 2020     Year ended March 31, 2020  
Share class   Ordinary
income
    Long-term
capital gains
    Total
distributions
paid
    Ordinary
income
    Long-term
capital gains
    Total
distributions
paid
 
Class A   $     $     $     $ 261,015       $ 438,500     $ 699,515  
Class C                       3,469         16,160       19,629  
Class T                                      
Class F-1                       30,972         53,340       84,312  
Class F-2                       320,054         436,534       756,588  
Class F-3                       207,100         264,488       471,588  
Class 529-A                       14,393         24,982       39,375  
Class 529-C                       788         3,631       4,419  
Class 529-E                       487         1,071       1,558  
Class 529-T                                      
Class 529-F-1                       1,957         2,787       4,744  
Class R-1                       908         3,673       4,581  
Class R-2                       3,359         12,731       16,090  
Class R-2E                       703         1,804       2,507  
Class R-3                       25,201         58,515       83,716  
Class R-4                       80,355         133,603       213,958  
Class R-5E                       22,920         32,062       54,982  
Class R-5                       106,341         138,184       244,525  
Class R-6                       1,045,181         1,322,667       2,367,848  
Total   $     $     $     $ 2,125,203       $ 2,944,732     $ 5,069,935  

 

Amount less than one thousand.

 

22 EuroPacific Growth Fund
 

7. Fees and transactions with related parties

 

CRMC, the fund’s investment adviser, is the parent company of American Funds Distributors®, Inc. (“AFD”), the principal underwriter of the fund’s shares, and American Funds Service Company® (“AFS”), the fund’s transfer agent. CRMC, AFD and AFS are considered related parties to the fund.

 

Investment advisory services — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.690% on the first $500 million of daily net assets and decreasing to 0.392% on such assets in excess of $186 billion. For the six months ended September 30, 2020, the investment advisory services fee was $318,738,000, which was equivalent to an annualized rate of 0.415% of average daily net assets.

 

Class-specific fees and expenses — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:

 

Distribution services — The fund has plans of distribution for all share classes, except Class F-2, F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.25% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate AFD for paying service fees, to firms that have entered into agreements with AFD to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.

 

  Share class   Currently approved limits     Plan limits
  Class A     0.25 %       0.25 %
  Class 529-A     0.25         0.50  
  Classes C, 529-C and R-1     1.00         1.00  
  Class R-2     0.75         1.00  
  Class R-2E     0.60         0.85  
  Classes 529-E and R-3     0.50         0.75  
  Classes T, F-1, 529-T, 529-F-1 and R-4     0.25         0.50  

 

For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by AFD for certain shares sold without a sales charge. These share classes reimburse AFD for amounts

 

EuroPacific Growth Fund 23
 

billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of September 30, 2020, there were no unreimbursed expenses subject to reimbursement for Class A or 529-A shares.

 

Transfer agent services — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund’s share classes. These services include recordkeeping, shareholder communications and transaction processing. In addition, the fund reimburses AFS for amounts paid to third parties for performing transfer agent services on behalf of fund shareholders.

 

Administrative services — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of daily net assets attributable to each share class of the fund for CRMC’s provision of administrative services.

 

529 plan services — Each 529 share class is subject to service fees to compensate the Virginia College Savings Plan (“Virginia529”) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fee is based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Virginia529 through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. The quarterly fee is based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $100 billion. The fee for any given calendar quarter is accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. The fee is included in other expenses in the fund’s statement of operations. Virginia529 is not considered a related party to the fund.

 

24 EuroPacific Growth Fund
 

For the six months ended September 30, 2020, class-specific expenses under the agreements were as follows (dollars in thousands):

 

  Share class   Distribution
services
    Transfer agent
services
    Administrative
services
    529 plan
services
 
  Class A     $27,640       $15,664       $3,405     Not applicable  
  Class C     3,391       456       104     Not applicable  
  Class T           *     *   Not applicable  
  Class F-1     2,976       1,637       361     Not applicable  
  Class F-2     Not applicable       12,372       3,203     Not applicable  
  Class F-3     Not applicable       177       2,203     Not applicable  
  Class 529-A     1,536       758       202     $419  
  Class 529-C     611       84       19     39  
  Class 529-E     132       18       8     17  
  Class 529-T           *     *   *
  Class 529-F-1           87       23     48  
  Class R-1     830       95       25     Not applicable  
  Class R-2     2,356       1,078       94     Not applicable  
  Class R-2E     267       94       13     Not applicable  
  Class R-3     6,840       2,096       410     Not applicable  
  Class R-4     7,690       3,091       923     Not applicable  
  Class R-5E     Not applicable       1,544       318     Not applicable  
  Class R-5     Not applicable       1,597       1,014     Not applicable  
  Class R-6     Not applicable       324       10,736     Not applicable  
  Total class-specific expenses     $54,269       $41,172       $23,061     $523  

 

  * Amount less than one thousand.

 

Trustees’ deferred compensation — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees’ compensation of $1,015,000 in the fund’s statement of operations reflects $392,000 in current fees (either paid in cash or deferred) and a net increase of $623,000 in the value of the deferred amounts.

 

Affiliated officers and trustees — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, AFD and AFS. No affiliated officers or trustees received any compensation directly from the fund.

 

Investment in CCF — The fund holds shares of CCF, an institutional prime money market fund managed by CRMC. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund’s short-term investments. CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from CCF.

 

EuroPacific Growth Fund 25
 

Security transactions with related funds — The fund purchased securities from, and sold securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund’s board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. Each transaction was executed at the current market price of the security and no brokerage commissions or fees were paid in accordance with Rule 17a-7 of the 1940 Act. During the six months ended September 30, 2020, the fund engaged in such purchase and sale transactions with related funds in the amounts of $559,757,000 and $1,226,641,000, respectively, which generated $53,799,000 of net realized losses from such sales.

 

Interfund lending — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the six months ended September 30, 2020.

 

26 EuroPacific Growth Fund
 

8. Capital share transactions

 

Capital share transactions in the fund were as follows (dollars and shares in thousands):

 

    Sales*     Reinvestments of
distributions
    Repurchases*     Net (decrease)
increase
 
Share class   Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares  
                                                                 
Six months ended September 30, 2020  
                                                                 
Class A   $ 763,329       14,510     $           $ (1,903,677 )     (36,497 )   $ (1,140,348 )     (21,987 )
Class C     23,012       454                   (232,115 )     (4,452 )     (209,103 )     (3,998 )
Class T                                                
Class F-1     161,403       3,194                   (735,790 )     (14,311 )     (574,387 )     (11,117 )
Class F-2     2,343,314       45,240                   (4,376,972 )     (85,463 )     (2,033,658 )     (40,223 )
Class F-3     1,774,472       34,148                   (2,127,207 )     (41,374 )     (352,735 )     (7,226 )
Class 529-A     145,288       2,695                   (126,998 )     (2,403 )     18,290       292  
Class 529-C     5,396       109                   (117,694 )     (2,233 )     (112,298 )     (2,124 )
Class 529-E     1,831       35                   (7,086 )     (134 )     (5,255 )     (99 )
Class 529-T                                                
Class 529-F-1     11,793       226                   (13,415 )     (255 )     (1,622 )     (29 )
Class R-1     6,069       122                   (25,370 )     (504 )     (19,301 )     (382 )
Class R-2     47,789       948                   (90,259 )     (1,801 )     (42,470 )     (853 )
Class R-2E     7,819       153                   (15,258 )     (300 )     (7,439 )     (147 )
Class R-3     174,000       3,452                   (594,982 )     (11,468 )     (420,982 )     (8,016 )
Class R-4     418,219       8,340                   (1,229,084 )     (23,459 )     (810,865 )     (15,119 )
Class R-5E     193,035       3,678                   (211,554 )     (4,029 )     (18,519 )     (351 )
Class R-5     470,279       9,104                   (1,087,240 )     (20,586 )     (616,961 )     (11,482 )
Class R-6     5,221,602       99,789                   (8,935,544 )     (170,607 )     (3,713,942 )     (70,818 )
Total net increase (decrease)   $ 11,768,650       226,197     $           $ (21,830,245 )     (419,876 )   $ (10,061,595 )     (193,679 )

 

See end of table for footnotes.

 

EuroPacific Growth Fund 27
 
    Sales*     Reinvestments of
distributions
    Repurchases*     Net (decrease)
increase
 
Share class   Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares  
                                                                 
Year ended March 31, 2020  
                                                                 
Class A   $ 1,274,015       24,688     $ 684,017       12,395     $ (4,068,897 )     (79,294 )   $ (2,110,865 )     (42,211 )
Class C     71,722       1,416       19,407       360       (334,117 )     (6,627 )     (242,988 )     (4,851 )
Class T                                                
Class F-1     418,803       8,114       81,854       1,490       (1,057,188 )     (20,666 )     (556,531 )     (11,062 )
Class F-2     5,144,729       100,669       723,904       13,185       (8,426,394 )     (164,771 )     (2,557,761 )     (50,917 )
Class F-3     4,884,766       95,241       422,315       7,670       (2,735,186 )     (54,352 )     2,571,895       48,559  
Class 529-A     131,361       2,537       39,363       722       (248,626 )     (4,840 )     (77,902 )     (1,581 )
Class 529-C     18,708       371       4,417       83       (67,226 )     (1,331 )     (44,101 )     (877 )
Class 529-E     5,156       102       1,558       29       (11,691 )     (230 )     (4,977 )     (99 )
Class 529-T                                                
Class 529-F-1     30,766       595       4,741       87       (31,168 )     (607 )     4,339       75  
Class R-1     19,610       403       4,576       86       (62,831 )     (1,268 )     (38,645 )     (779 )
Class R-2     165,222       3,260       16,078       301       (237,918 )     (4,721 )     (56,618 )     (1,160 )
Class R-2E     24,419       474       2,506       46       (24,138 )     (476 )     2,787       44  
Class R-3     452,952       8,951       83,634       1,546       (1,164,746 )     (22,786 )     (628,160 )     (12,289 )
Class R-4     1,153,114       22,768       213,908       3,963       (2,908,739 )     (56,210 )     (1,541,717 )     (29,479 )
Class R-5E     956,114       18,124       54,982       1,006       (430,357 )     (8,211 )     580,739       10,919  
Class R-5     1,694,832       32,584       244,248       4,445       (2,436,024 )     (46,366 )     (496,944 )     (9,337 )
Class R-6     13,841,526       267,563       2,360,459       42,925       (13,072,949 )     (254,335 )     3,129,036       56,153  
Total net increase (decrease)   $ 30,287,815       587,860     $ 4,961,967       90,339     $ (37,318,195 )     (727,091 )   $ (2,068,413 )     (48,892 )

 

* Includes exchanges between share classes of the fund.
Amount less than one thousand.

 

28 EuroPacific Growth Fund
 

9. Investment transactions

 

The fund made purchases and sales of investment securities, excluding short-term securities and U.S. government obligations, if any, of $23,818,369,000 and $28,578,289,000, respectively, during the six months ended September 30, 2020.

 

EuroPacific Growth Fund 29
 

Financial highlights

 

          Income (loss) from investment operations1  
Period ended   Net asset
value,
beginning
of period
    Net
investment
income
    Net gains (losses)
on securities (both
realized and
unrealized)
    Total from
investment
operations
 
Class A:                                
9/30/20204,5   $ 43.13     $ .27     $ 14.56     $ 14.83  
3/31/2020     50.99       .53       (6.84 )     (6.31 )
3/31/2019     56.66       .71       (3.52 )     (2.81 )
3/31/2018     49.30       .47       9.51       9.98  
3/31/2017     44.28       .44       5.14       5.58  
3/31/2016     49.91       .44       (4.68 )     (4.24 )
Class C:                                
9/30/20204,5     41.98       .07       14.16       14.23  
3/31/2020     49.70       .15       (6.69 )     (6.54 )
3/31/2019     55.32       .31       (3.41 )     (3.10 )
3/31/2018     48.19       .04       9.29       9.33  
3/31/2017     43.25       .08       5.02       5.10  
3/31/2016     48.75       .06       (4.56 )     (4.50 )
Class T:                                
9/30/20204,5     43.13       .35       14.56       14.91  
3/31/2020     50.99       .65       (6.82 )     (6.17 )
3/31/2019     56.69       .83       (3.54 )     (2.71 )
3/31/20184,10     49.19       .58       9.63       10.21  
Class F-1:                                
9/30/20204,5     42.93       .26       14.50       14.76  
3/31/2020     50.75       .53       (6.82 )     (6.29 )
3/31/2019     56.40       .74       (3.57 )     (2.83 )
3/31/2018     49.08       .45       9.46       9.91  
3/31/2017     44.08       .43       5.11       5.54  
3/31/2016     49.67       .41       (4.64 )     (4.23 )
Class F-2:                                
9/30/20204,5     43.00       .34       14.52       14.86  
3/31/2020     50.83       .66       (6.81 )     (6.15 )
3/31/2019     56.52       .82       (3.52 )     (2.70 )
3/31/2018     49.17       .61       9.48       10.09  
3/31/2017     44.19       .55       5.12       5.67  
3/31/2016     49.82       .56       (4.68 )     (4.12 )
Class F-3:                                
9/30/20204,5     43.12       .38       14.56       14.94  
3/31/2020     50.98       .70       (6.82 )     (6.12 )
3/31/2019     56.68       .82       (3.48 )     (2.66 )
3/31/2018     49.32       .59       9.58       10.17  
3/31/20174,11     47.46       .24       1.62       1.86  

 

30 EuroPacific Growth Fund
 

 

Dividends and distributions                                
Dividends
(from net
investment
income)
    Distributions
(from capital
gains)
    Total
dividends
and
distributions
    Net asset
value, end
of period
    Total
return2
    Net assets,
end of period
(in millions)
    Ratio of
expenses
to average
net assets3
    Ratio of net
income
to average
net assets
 
                                                             
$     $     $     $ 57.96       34.39 %6    $ 24,360       .84 %7      1.04 %7 
  (.58 )     (.97 )     (1.55 )     43.13       (13.03 )     19,075       .84       1.02  
  (.62 )     (2.24 )     (2.86 )     50.99       (4.97 )     24,704       .83       1.37  
  (.49 )     (2.13 )     (2.62 )     56.66       20.74       29,067       .82       .86  
  (.56 )           (.56 )     49.30       12.72       25,678       .85       .95  
  (.80 )     (.59 )     (1.39 )     44.28       (8.60 )     26,556       .83       .92  
                                                             
                    56.21       33.90 6      651       1.58 7      .26 7 
  (.21 )     (.97 )     (1.18 )     41.98       (13.68 )     654       1.58       .30  
  (.28 )     (2.24 )     (2.52 )     49.70       (5.70 )     1,015       1.60       .62  
  (.07 )     (2.13 )     (2.20 )     55.32       19.82       1,350       1.60       .08  
  (.16 )           (.16 )     48.19       11.82       1,240       1.63       .17  
  (.41 )     (.59 )     (1.00 )     43.25       (9.30 )     1,474       1.62       .13  
                                                             
                    58.04       34.57 6,8      9      .58 7,8      1.31 7,8 
  (.72 )     (.97 )     (1.69 )     43.13       (12.82 )8      9      .59 8      1.25 8 
  (.75 )     (2.24 )     (2.99 )     50.99       (4.76 )8      9      .59 8      1.60 8 
  (.58 )     (2.13 )     (2.71 )     56.69       21.27 6,8      9      .60 7,8      1.07 7,8 
                                                             
                    57.69       34.38 6      2,394       .85 7      1.01 7 
  (.56 )     (.97 )     (1.53 )     42.93       (13.05 )     2,259       .85       1.02  
  (.58 )     (2.24 )     (2.82 )     50.75       (5.01 )     3,232       .87       1.43  
  (.46 )     (2.13 )     (2.59 )     56.40       20.69       4,385       .86       .83  
  (.54 )           (.54 )     49.08       12.69       4,179       .87       .93  
  (.77 )     (.59 )     (1.36 )     44.08       (8.60 )     4,281       .86       .86  
                                                             
                    57.86       34.56 6      22,711       .58 7      1.30 7 
  (.71 )     (.97 )     (1.68 )     43.00       (12.80 )     18,607       .59       1.27  
  (.75 )     (2.24 )     (2.99 )     50.83       (4.75 )     24,585       .59       1.58  
  (.61 )     (2.13 )     (2.74 )     56.52       21.05       25,826       .59       1.11  
  (.69 )           (.69 )     49.17       12.99       22,949       .60       1.19  
  (.92 )     (.59 )     (1.51 )     44.19       (8.36 )     19,386       .60       1.18  
                                                             
                    58.06       34.62 6      16,059       .46 7      1.43 7 
  (.77 )     (.97 )     (1.74 )     43.12       (12.70 )     12,239       .47       1.34  
  (.80 )     (2.24 )     (3.04 )     50.98       (4.65 )     11,993       .49       1.60  
  (.68 )     (2.13 )     (2.81 )     56.68       21.15       9,473       .49       1.06  
                    49.32       3.92 6      1,162       .09 6      .50 6 

 

See end of table for footnotes.

 

EuroPacific Growth Fund 31

 

 

Financial highlights (continued)

 

          Income (loss) from investment operations1  
Period ended   Net asset
value,
beginning
of period
    Net
investment
income
    Net gains (losses)
on securities (both
realized and
unrealized)
    Total from
investment
operations
 
Class 529-A:                                
9/30/20204,5   $ 42.58     $ .27     $ 14.36     $ 14.63  
3/31/2020     50.35       .51       (6.75 )     (6.24 )
3/31/2019     56.00       .67       (3.49 )     (2.82 )
3/31/2018     48.77       .44       9.40       9.84  
3/31/2017     43.82       .41       5.09       5.50  
3/31/2016     49.41       .40       (4.63 )     (4.23 )
Class 529-C:                                
9/30/20204,5     41.51       .03       14.03       14.06  
3/31/2020     49.18       .13       (6.62 )     (6.49 )
3/31/2019     54.79       .29       (3.38 )     (3.09 )
3/31/2018     47.73       .01       9.21       9.22  
3/31/2017     42.90       .05       4.97       5.02  
3/31/2016     48.38       .04       (4.53 )     (4.49 )
Class 529-E:                                
9/30/20204,5     42.15       .20       14.24       14.44  
3/31/2020     49.87       .39       (6.70 )     (6.31 )
3/31/2019     55.50       .55       (3.44 )     (2.89 )
3/31/2018     48.35       .31       9.31       9.62  
3/31/2017     43.45       .30       5.04       5.34  
3/31/2016     49.00       .29       (4.59 )     (4.30 )
Class 529-T:                                
9/30/20204,5     43.12       .33       14.56       14.89  
3/31/2020     50.98       .63       (6.83 )     (6.20 )
3/31/2019     56.68       .79       (3.53 )     (2.74 )
3/31/20184,10     49.19       .56       9.62       10.18  
Class 529-F-1:                                
9/30/20204,5     42.54       .33       14.36       14.69  
3/31/2020     50.32       .62       (6.75 )     (6.13 )
3/31/2019     55.99       .76       (3.47 )     (2.71 )
3/31/2018     48.74       .56       9.40       9.96  
3/31/2017     43.81       .51       5.07       5.58  
3/31/2016     49.40       .50       (4.62 )     (4.12 )
Class R-1:                                
9/30/20204,5     41.23       .07       13.90       13.97  
3/31/2020     48.86       .14       (6.56 )     (6.42 )
3/31/2019     54.46       .31       (3.37 )     (3.06 )
3/31/2018     47.49       .05       9.14       9.19  
3/31/2017     42.69       .08       4.96       5.04  
3/31/2016     48.14       .07       (4.50 )     (4.43 )

 

32 EuroPacific Growth Fund
 

 

Dividends and distributions                                
Dividends
(from net
investment
income)
    Distributions
(from capital
gains)
    Total
dividends
and
distributions
    Net asset
value, end
of period
    Total
return2
    Net assets,
end of period
(in millions)
    Ratio of
expenses
to average
net assets3
    Ratio of net
income
to average
net assets
 
                                                             
$     $     $     $ 57.21       34.36 %6    $ 1,489       .87 %7      1.03 %7 
  (.56 )     (.97 )     (1.53 )     42.58       (13.05 )     1,096       .87       .98  
  (.59 )     (2.24 )     (2.83 )     50.35       (5.04 )     1,376       .89       1.31  
  (.48 )     (2.13 )     (2.61 )     56.00       20.71       1,525       .87       .81  
  (.55 )           (.55 )     48.77       12.65       1,172       .90       .90  
  (.77 )     (.59 )     (1.36 )     43.82       (8.64 )     1,103       .90       .86  
                                                             
                    55.57       33.87 6      80       1.62 7      .14 7 
  (.21 )     (.97 )     (1.18 )     41.51       (13.72 )     148       1.61       .26  
  (.28 )     (2.24 )     (2.52 )     49.18       (5.72 )     219       1.64       .59  
  (.03 )     (2.13 )     (2.16 )     54.79       19.76       278       1.65       .03  
  (.19 )           (.19 )     47.73       11.76       343       1.68       .12  
  (.40 )     (.59 )     (.99 )     42.90       (9.35 )     335       1.68       .08  
                                                             
                    56.59       34.23 6      57       1.08 7      .80 7 
  (.44 )     (.97 )     (1.41 )     42.15       (13.24 )     46       1.09       .77  
  (.50 )     (2.24 )     (2.74 )     49.87       (5.24 )     60       1.11       1.09  
  (.34 )     (2.13 )     (2.47 )     55.50       20.41       71       1.11       .57  
  (.44 )           (.44 )     48.35       12.39       60       1.13       .66  
  (.66 )     (.59 )     (1.25 )     43.45       (8.86 )     57       1.14       .62  
                                                             
                    58.01       34.53 6,8      9      .63 7,8      1.26 7,8 
  (.69 )     (.97 )     (1.66 )     43.12       (12.87 )8      9      .64 8      1.19 8
  (.72 )     (2.24 )     (2.96 )     50.98       (4.82 )8      9      .65 8      1.52 8
  (.56 )     (2.13 )     (2.69 )     56.68       21.22 6,8      9      .64 7,8      1.03 7,8
                                                             
                    57.23       34.50 6      168       .64 7      1.26 7 
  (.68 )     (.97 )     (1.65 )     42.54       (12.86 )     126       .64       1.20  
  (.72 )     (2.24 )     (2.96 )     50.32       (4.81 )     145       .66       1.50  
  (.58 )     (2.13 )     (2.71 )     55.99       20.96       134       .65       1.02  
  (.65 )           (.65 )     48.74       12.88       102       .68       1.11  
  (.88 )     (.59 )     (1.47 )     43.81       (8.44 )     90       .69       1.07  
                                                             
                    55.20       33.88 6      172       1.58 7      .30 7 
  (.24 )     (.97 )     (1.21 )     41.23       (13.68 )     144       1.58       .29  
  (.30 )     (2.24 )     (2.54 )     48.86       (5.71 )     209       1.60       .61  
  (.09 )     (2.13 )     (2.22 )     54.46       19.82       263       1.60       .09  
  (.24 )           (.24 )     47.49       11.86       247       1.61       .19  
  (.43 )     (.59 )     (1.02 )     42.69       (9.28 )     248       1.61       .15  

 

See end of table for footnotes.

 

EuroPacific Growth Fund 33
 

Financial highlights (continued)

 

          Income (loss) from investment operations1  
Period ended   Net asset
value,
beginning
of period
    Net
investment
income
    Net gains (losses)
on securities (both
realized and
unrealized)
    Total from
investment
operations
 
Class R-2:                                
9/30/20204,5   $ 41.60     $ .08     $ 14.03     $ 14.11  
3/31/2020     49.30       .14       (6.61 )     (6.47 )
3/31/2019     54.93       .31       (3.39 )     (3.08 )
3/31/2018     47.88       .06       9.21       9.27  
3/31/2017     43.01       .09       5.00       5.09  
3/31/2016     48.49       .08       (4.53 )     (4.45 )
Class R-2E:                                
9/30/20204,5     42.60       .16       14.37       14.53  
3/31/2020     50.42       .29       (6.76 )     (6.47 )
3/31/2019     55.76       .77       (3.74 )     (2.97 )
3/31/2018     48.59       .20       9.38       9.58  
3/31/2017     43.79       .18       5.14       5.32  
3/31/2016     49.67       .52       (4.89 )     (4.37 )
Class R-3:                                
9/30/20204,5     42.15       .19       14.22       14.41  
3/31/2020     49.86       .38       (6.70 )     (6.32 )
3/31/2019     55.48       .55       (3.45 )     (2.90 )
3/31/2018     48.32       .30       9.31       9.61  
3/31/2017     43.40       .30       5.04       5.34  
3/31/2016     48.93       .29       (4.59 )     (4.30 )
Class R-4:                                
9/30/20204,5     42.19       .27       14.24       14.51  
3/31/2020     49.91       .54       (6.71 )     (6.17 )
3/31/2019     55.52       .69       (3.46 )     (2.77 )
3/31/2018     48.35       .46       9.32       9.78  
3/31/2017     43.45       .43       5.03       5.46  
3/31/2016     48.99       .43       (4.59 )     (4.16 )
Class R-5E:                                
9/30/20204,5     42.77       .34       14.44       14.78  
3/31/2020     50.58       .62       (6.76 )     (6.14 )
3/31/2019     56.29       .62       (3.33 )     (2.71 )
3/31/2018     49.02       .59       9.45       10.04  
3/31/2017     44.14       .53       5.09       5.62  
3/31/20164,12     48.16       .20       (2.65 )     (2.45 )
Class R-5:                                
9/30/20204,5     43.04       .36       14.54       14.90  
3/31/2020     50.88       .70       (6.82 )     (6.12 )
3/31/2019     56.57       .89       (3.57 )     (2.68 )
3/31/2018     49.22       .64       9.48       10.12  
3/31/2017     44.22       .58       5.13       5.71  
3/31/2016     49.85       .58       (4.68 )     (4.10 )

 

34 EuroPacific Growth Fund
 
Dividends and distributions                                
Dividends
(from net
investment
income)
    Distributions
(from capital
gains)
    Total
dividends
and
distributions
    Net asset
value, end
of period
    Total
return2
    Net assets,
end of period
(in millions)
    Ratio of
expenses
to average
net assets3
    Ratio of net
income
to average
net assets
 
                                                             
$     $     $     $ 55.71       33.89 %6   $ 668       1.56 %7     .33 %7
  (.26 )     (.97 )     (1.23 )     41.60       (13.65 )     534       1.57       .28  
  (.31 )     (2.24 )     (2.55 )     49.30       (5.71 )     690       1.60       .61  
  (.09 )     (2.13 )     (2.22 )     54.93       19.84       818       1.58       .11  
  (.22 )           (.22 )     47.88       11.88       767       1.60       .20  
  (.44 )     (.59 )     (1.03 )     43.01       (9.25 )     800       1.58       .18  
                                                             
                    57.13       34.08 6      95       1.27 7      .61 7 
  (.38 )     (.97 )     (1.35 )     42.60       (13.40 )     77       1.28       .56  
  (.13 )     (2.24 )     (2.37 )     50.42       (5.46 )     89       1.31       1.47  
  (.28 )     (2.13 )     (2.41 )     55.76       20.19       254       1.29       .38  
  (.52 )           (.52 )     48.59       12.25       189       1.28       .40  
  (.92 )     (.59 )     (1.51 )     43.79       (8.89 )     8       1.18       1.25  
                                                             
                    56.56       34.19 6      2,761       1.12 7      .74 7 
  (.42 )     (.97 )     (1.39 )     42.15       (13.28 )     2,395       1.13       .75  
  (.48 )     (2.24 )     (2.72 )     49.86       (5.26 )     3,446       1.14       1.08  
  (.32 )     (2.13 )     (2.45 )     55.48       20.36       4,631       1.14       .56  
  (.42 )           (.42 )     48.32       12.40       4,505       1.14       .66  
  (.64 )     (.59 )     (1.23 )     43.40       (8.87 )     5,029       1.14       .62  
                                                             
                    56.70       34.39 6      6,237       .82 7      1.05 7 
  (.58 )     (.97 )     (1.55 )     42.19       (13.03 )     5,278       .82       1.04  
  (.60 )     (2.24 )     (2.84 )     49.91       (4.99 )     7,715       .84       1.37  
  (.48 )     (2.13 )     (2.61 )     55.52       20.76       10,278       .83       .85  
  (.56 )           (.56 )     48.35       12.70       9,854       .85       .96  
  (.79 )     (.59 )     (1.38 )     43.45       (8.58 )     11,310       .85       .92  
                                                             
                    57.55       34.52 6      2,327       .61 7      1.29 7 
  (.70 )     (.97 )     (1.67 )     42.77       (12.82 )     1,745       .62       1.20  
  (.76 )     (2.24 )     (3.00 )     50.58       (4.78 )     1,511       .63       1.24  
  (.64 )     (2.13 )     (2.77 )     56.29       21.01       603       .62       1.06  
  (.74 )           (.74 )     49.02       12.89       9       .62       1.14  
  (.98 )     (.59 )     (1.57 )     44.14       (5.19 )6      9      .25 6      .46 6 
                                                             
                    57.94       34.62 6      7,087       .51 7      1.37 7 
  (.75 )     (.97 )     (1.72 )     43.04       (12.75 )     5,759       .52       1.33  
  (.77 )     (2.24 )     (3.01 )     50.88       (4.71 )     7,283       .54       1.72  
  (.64 )     (2.13 )     (2.77 )     56.57       21.09       8,944       .53       1.16  
  (.71 )           (.71 )     49.22       13.07       8,721       .54       1.27  
  (.94 )     (.59 )     (1.53 )     44.22       (8.32 )     9,285       .54       1.21  

 

See end of table for footnotes.

 

EuroPacific Growth Fund 35
 

Financial highlights (continued)

 

          Income (loss) from investment operations1  
Period ended   Net asset
value,
beginning
of period
    Net
investment
income
    Net gains (losses)
on securities (both
realized and
unrealized)
    Total from
investment
operations
 
Class R-6:                                
9/30/20204,5   $ 43.08     $ .38     $ 14.55     $ 14.93  
3/31/2020     50.93       .71       (6.82 )     (6.11 )
3/31/2019     56.63       .86       (3.52 )     (2.66 )
3/31/2018     49.27       .65       9.51       10.16  
3/31/2017     44.27       .60       5.14       5.74  
3/31/2016     49.90       .60       (4.67 )     (4.07 )

 

 

    Six months
ended
                   
    September 30,   Year ended March 31,
    20204,5,6   2020   2019   2018   2017   2016
Portfolio turnover rate for all share classes13     17 %     38 %     35 %     29 %     36 %     30 %

 

See notes to financial statements.

 

36 EuroPacific Growth Fund
 
Dividends and distributions                                
Dividends
(from net
investment
income)
    Distributions
(from capital
gains)
    Total
dividends
and
distributions
    Net asset
value, end
of period
    Total
return2
    Net assets,
end of period
(in millions)
    Ratio of
expenses
to average
net assets3
    Ratio of net
income
to average
net assets
 
                                                             
$     $     $     $ 58.01       34.62 %6   $ 76,868       .46 %7     1.42 %7
  (.77 )     (.97 )     (1.74 )     43.08       (12.70 )     60,141       .47       1.36  
  (.80 )     (2.24 )     (3.04 )     50.93       (4.66 )     68,234       .49       1.68  
  (.67 )     (2.13 )     (2.80 )     56.63       21.17       68,770       .49       1.18  
  (.74 )           (.74 )     49.27       13.10       51,100       .50       1.30  
  (.97 )     (.59 )     (1.56 )     44.27       (8.26 )     41,539       .50       1.27  

 

1 Based on average shares outstanding.
2 Total returns exclude any applicable sales charges, including contingent deferred sales charges.
3 Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds.
4 Based on operations for a period that is less than a full year.
5 Unaudited.
6 Not annualized.
7 Annualized.
8 All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower.
9 Amount less than $1 million.
10 Class T and 529-T shares began investment operations on April 7, 2017.
11 Class F-3 shares began investment operations on January 27, 2017.
12 Class R-5E shares began investment operations on November 20, 2015.
13 Rates do not include the fund’s portfolio activity with respect to any Central Funds.

 

EuroPacific Growth Fund 37
 
Expense example unaudited

 

As a fund shareholder, you incur two types of costs: (1) transaction costs, such as initial sales charges on purchase payments and contingent deferred sales charges on redemptions (loads), and (2) ongoing costs, including management fees, distribution and service (12b-1) fees, and other expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire six-month period (April 1, 2020, through September 30, 2020).

 

Actual expenses:

The first line of each share class in the table on the following page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading titled “Expenses paid during period” to estimate the expenses you paid on your account during this period.

 

Hypothetical example for comparison purposes:

The second line of each share class in the table on the following page provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed rate of return of 5.00% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5.00% hypothetical example with the 5.00% hypothetical examples that appear in the shareholder reports of the other funds.

 

Notes:

Retirement plan participants may be subject to certain fees charged by the plan sponsor, and Class F-1, F-2, F-3 and 529-F-1 shareholders may be subject to fees charged by financial intermediaries, typically ranging from 0.75% to 1.50% of assets annually depending on services offered. You can estimate the impact of these fees by adding the amount of the fees to the total estimated expenses you paid on your account during the period as calculated above. In addition, your ending account value would be lower by the amount of these fees.

 

Note that the expenses shown in the table on the following page are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of each share class in the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 

38 EuroPacific Growth Fund
 
    Beginning
account value
4/1/2020
    Ending
account value
9/30/2020
    Expenses paid
during period*
    Annualized
expense ratio
 
Class A – actual return   $ 1,000.00     $ 1,343.86     $ 4.94       .84 %
Class A – assumed 5% return     1,000.00       1,020.86       4.26       .84  
Class C – actual return     1,000.00       1,338.98       9.26       1.58  
Class C – assumed 5% return     1,000.00       1,017.15       7.99       1.58  
Class T – actual return     1,000.00       1,345.72       3.41       .58  
Class T – assumed 5% return     1,000.00       1,022.16       2.94       .58  
Class F-1 – actual return     1,000.00       1,343.83       4.99       .85  
Class F-1 – assumed 5% return     1,000.00       1,020.81       4.31       .85  
Class F-2 – actual return     1,000.00       1,345.59       3.41       .58  
Class F-2 – assumed 5% return     1,000.00       1,022.16       2.94       .58  
Class F-3 – actual return     1,000.00       1,346.18       2.71       .46  
Class F-3 – assumed 5% return     1,000.00       1,022.76       2.33       .46  
Class 529-A – actual return     1,000.00       1,343.58       5.11       .87  
Class 529-A – assumed 5% return     1,000.00       1,020.71       4.41       .87  
Class 529-C – actual return     1,000.00       1,338.74       9.50       1.62  
Class 529-C – assumed 5% return     1,000.00       1,016.95       8.19       1.62  
Class 529-E – actual return     1,000.00       1,342.26       6.34       1.08  
Class 529-E – assumed 5% return     1,000.00       1,019.65       5.47       1.08  
Class 529-T – actual return     1,000.00       1,345.31       3.70       .63  
Class 529-T – assumed 5% return     1,000.00       1,021.91       3.19       .63  
Class 529-F-1 – actual return     1,000.00       1,345.02       3.76       .64  
Class 529-F-1 – assumed 5% return     1,000.00       1,021.86       3.24       .64  
Class R-1 – actual return     1,000.00       1,338.82       9.26       1.58  
Class R-1 – assumed 5% return     1,000.00       1,017.15       7.99       1.58  
Class R-2 – actual return     1,000.00       1,338.88       9.15       1.56  
Class R-2 – assumed 5% return     1,000.00       1,017.25       7.89       1.56  
Class R-2E – actual return     1,000.00       1,340.78       7.45       1.27  
Class R-2E – assumed 5% return     1,000.00       1,018.70       6.43       1.27  
Class R-3 – actual return     1,000.00       1,341.89       6.58       1.12  
Class R-3 – assumed 5% return     1,000.00       1,019.45       5.67       1.12  
Class R-4 – actual return     1,000.00       1,343.90       4.82       .82  
Class R-4 – assumed 5% return     1,000.00       1,020.96       4.15       .82  
Class R-5E – actual return     1,000.00       1,345.23       3.59       .61  
Class R-5E – assumed 5% return     1,000.00       1,022.01       3.09       .61  
Class R-5 – actual return     1,000.00       1,346.18       3.00       .51  
Class R-5 – assumed 5% return     1,000.00       1,022.51       2.59       .51  
Class R-6 – actual return     1,000.00       1,346.24       2.71       .46  
Class R-6 – assumed 5% return     1,000.00       1,022.76       2.33       .46  

 

* The “expenses paid during period” are equal to the “annualized expense ratio,” multiplied by the average account value over the period, multiplied by the number of days in the period, and divided by 365 (to reflect the one-half year period).

 

EuroPacific Growth Fund 39
 

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40 EuroPacific Growth Fund
 

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EuroPacific Growth Fund 41
 

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42 EuroPacific Growth Fund
 

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EuroPacific Growth Fund 43
 

Office of the fund

333 South Hope Street

Los Angeles, CA 90071-1406

 

Investment adviser

Capital Research and Management Company

333 South Hope Street

Los Angeles, CA 90071-1406

 

Transfer agent for shareholder accounts

American Funds Service Company

(Write to the address near you.)

 

P.O. Box 6007

Indianapolis, IN 46206-6007

 

P.O. Box 2280

Norfolk, VA 23501-2280

 

Custodian of assets

JPMorgan Chase Bank

270 Park Avenue

New York, NY 10017-2070

 

Counsel

Dechert LLP

One Bush Street, Suite 1600

San Francisco, CA 94104-4446

 

Independent registered public accounting firm

Deloitte & Touche LLP

695 Town Center Drive

Suite 1000

Costa Mesa, CA 92626-7188

 

Principal underwriter

American Funds Distributors, Inc.

333 South Hope Street

Los Angeles, CA 90071-1406

 

44 EuroPacific Growth Fund
 

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.

 

“American Funds Proxy Voting Procedures and Principles” — which describes how we vote proxies relating to portfolio securities — is available on our website or upon request by calling AFS. The fund files its proxy voting record with the U.S. Securities and Exchange Commission (SEC) for the 12 months ended June 30 by August 31. The proxy voting record is available free of charge on the SEC website at sec.gov and on our website.

 

A complete September 30, 2020, portfolio of EuroPacific Growth Fund’s investments is available free of charge by calling AFS or visiting the SEC website (where it is part of Form N-CSR).

 

EuroPacific Growth Fund files a complete list of its portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form NPORT-P. This filing is available free of charge on the SEC website. Additionally, the list of portfolio holdings is available by calling AFS.

 

This report is for the information of shareholders of EuroPacific Growth Fund, but it also may be used as sales literature when preceded or accompanied by the current prospectus or summary prospectus, which gives details about charges, expenses, investment objectives and operating policies of the fund. If used as sales material after December 31, 2020, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.

 

MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.

 

American Funds Distributors, Inc., member FINRA.

 

The Capital Advantage®

 

Since 1931, Capital Group, home of American Funds, has helped investors pursue long-term investment success. Our consistent approach — in combination with The Capital SystemSM — has resulted in superior outcomes.

 

  Aligned with investor success
  We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 28 years of investment industry experience, including 22 years at our company, reflecting a career commitment to our long-term approach.1
   
  The Capital System
  The Capital System combines individual accountability with teamwork. Funds using The Capital System are divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system.
   
  American Funds’ superior outcomes
  Equity funds have beaten their Lipper peer indexes in 92% of 10-year periods and 99% of 20-year periods.2 Fixed income funds have helped investors achieve diversification through attention to correlation between bonds and equities.3 Fund management fees have been among the lowest in the industry.4

 

  1 Investment industry experience as of December 31, 2019.
  2 Based on Class F-2 share results for rolling periods through December 31, 2019. Periods covered are the shorter of the fund’s lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used). Expenses differ for each share class, so results will vary.
  3 Based on Class F-2 share results as of December 31, 2019. Fifteen of the 17 fixed income American Funds that have been in existence for the three-year period showed a three-year correlation below 0.2. Standard & Poor’s 500 Composite Index was used as an equity market proxy. Correlation based on monthly total returns. Correlation is a statistical measure of how two securities move in relation to each other. A correlation ranges from –1 to 1. A positive correlation close to 1 implies that as one security moves, either up or down, the other security will move in “lockstep,” in the same direction. A negative correlation close to –1 indicates that the securities have moved in the opposite direction.
  4 On average, our management fees were in the lowest quintile 65% of the time, based on the 20-year period ended December 31, 2019, versus comparable Lipper categories, excluding funds of funds.

 

Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Results for certain funds with an inception date after August 1, 2008, also include hypothetical returns because those funds’ Class F-2 shares sold after the funds’ date of first offering. Please see capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.

 

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.

 

 

 

ITEM 2 – Code of Ethics

 

Not applicable for filing of semi-annual reports to shareholders.

 

ITEM 3 – Audit Committee Financial Expert

 

Not applicable for filing of semi-annual reports to shareholders.

 

ITEM 4 – Principal Accountant Fees and Services

 

Not applicable for filing of semi-annual reports to shareholders.

 

ITEM 5 – Audit Committee of Listed Registrants

 

Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.

 

ITEM 6 – Schedule of Investments

 

 

 

 

EuroPacific Growth Fund®

Investment portfolio

September 30, 2020

 

 

unaudited

 

 

Common stocks 93.63%
Consumer discretionary 17.70%
Shares Value
(000)
Alibaba Group Holding Ltd.1,2 122,025,333 $4,512,334
MercadoLibre, Inc.2,3 3,206,538 3,471,013
LVMH Moët Hennessy-Louis Vuitton SE1 5,761,457 2,693,458
Flutter Entertainment PLC (GBP denominated)1,3 7,216,405 1,136,513
Flutter Entertainment PLC (EUR denominated)1,3 5,441,169 862,178
adidas AG1,2 4,894,744 1,584,249
Sony Corp.1 17,865,360 1,366,431
Kering SA1 1,846,698 1,226,919
Meituan Dianping, Class B1,2 35,777,570 1,125,179
EssilorLuxottica1,2 7,775,377 1,057,338
Delivery Hero SE1,2 9,118,749 1,048,932
Just Eat Takeaway (GBP denominated)1,2,3 5,755,369 643,122
Just Eat Takeaway (EUR denominated)1,2,3 3,146,014 352,315
Galaxy Entertainment Group Ltd.1 125,119,000 846,851
Prosus NV1,2 5,923,554 546,258
Hermès International1 615,702 530,725
Melco Resorts & Entertainment Ltd. (ADR)3 26,742,752 445,267
Fast Retailing Co., Ltd.1 705,600 442,735
GVC Holdings PLC1,2,3 34,025,641 428,267
Evolution Gaming Group AB1 6,045,185 399,588
ASOS PLC1,2,3 5,970,720 396,203
Industria de Diseño Textil, SA1 12,993,823 361,263
Maruti Suzuki India Ltd.1 3,075,600 282,567
Persimmon PLC1 7,979,224 253,432
Nitori Holdings Co., Ltd.1 1,166,400 242,599
THG Holdings Ltd.1,2 27,690,694 213,741
Naspers Ltd., Class N1,2 1,208,325 213,120
Barratt Developments PLC1 33,266,973 203,406
Li Ning Co. Ltd.1 36,251,000 170,103
Sands China Ltd.1 42,582,800 165,702
China Tourism Group Duty Free Corp. Ltd., Class A1 4,915,334 161,140
Midea Group Co., Ltd., Class A1 14,633,999 156,464
Yum China Holdings, Inc. 2,581,753 136,704
Taylor Wimpey PLC1 93,859,276 130,606
Peugeot SA1,2 6,788,567 122,400
Cie. Financière Richemont SA, Class A1 1,816,539 121,673
Ferrari NV1 630,813 115,467
B2W - Cia. Digital, ordinary nominative2 7,096,000 113,695
Wynn Macau, Ltd.1,2 70,419,200 112,725
Bandai Namco Holdings Inc.1 1,479,734 108,093
Bayerische Motoren Werke AG1 1,440,957 104,628
Gree Electric Appliances, Inc. of Zhuhai, Class A1 12,765,808 100,330
Pan Pacific International Holdings Corp.1 3,378,000 78,691
Melco International Development Ltd.1 39,311,000 69,552
Lojas Americanas SA, ordinary nominative 15,154,966 65,845
Moncler SpA1,2 1,315,000 53,860
B&M European Value Retail SA1 7,972,972 50,731

 

EuroPacific Growth Fund — Page 1 of 9

 


 

 

unaudited

 

 

Common stocks (continued)
Consumer discretionary (continued)
Shares Value
(000)
Astra International Tbk PT1 75,580,000 $22,739
Trip.com Group Ltd. (ADR)2 295,802 9,211
    29,056,362
Information technology 15.59%    
ASML Holding NV1 10,440,613 3,849,815
Taiwan Semiconductor Manufacturing Company, Ltd.1 183,684,649 2,758,682
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) 8,589,782 696,373
Shopify Inc., Class A, subordinate voting shares2 2,747,705 2,810,820
Keyence Corp.1 6,028,900 2,809,724
SAP SE1 13,484,711 2,099,885
PagSeguro Digital Ltd., Class A2,3 27,452,436 1,035,231
Samsung Electronics Co., Ltd.1 17,631,453 888,373
STMicroelectronics NV1 28,633,416 875,246
Nice Ltd. (ADR)2 2,724,983 618,653
Nice Ltd.1,2 252,269 57,161
StoneCo Ltd., Class A2 12,236,327 647,179
Halma PLC1,3 21,312,534 642,368
Edenred SA1,3,4 13,826,653 620,338
Adyen NV1,2 313,402 577,555
Tokyo Electron Ltd.1 1,938,200 507,284
Worldline SA, non-registered shares1,2 6,152,147 504,462
Hexagon AB, Class B1,2 6,114,686 462,123
Amadeus IT Group SA, Class A, non-registered shares1 6,734,516 373,739
Nomura Research Institute, Ltd.1 11,608,000 341,160
Temenos AG1 2,394,465 322,454
Capgemini SE1,4 2,079,052 266,276
TeamViewer AG1,2 5,152,281 254,422
OBIC Co., Ltd.1,4 1,177,263 207,145
Ingenico Group SA1,2,4 1,022,278 158,183
SimCorp AS1 1,173,972 154,319
Xero Ltd.1,2 1,989,486 145,470
Atlassian Corp. PLC, Class A2 788,471 143,336
Infosys Ltd. (ADR) 9,328,988 128,833
NetEase, Inc.1 7,155,200 128,349
Dassault Systemes SA1 638,269 119,059
Hangzhou Hikvision Digital Technology Co., Ltd., Class A1 18,959,894 106,526
Justsystems Corp.1 1,218,148 86,270
Avast PLC1 10,501,898 71,024
Silergy Corp.1 696,000 41,182
Otsuka Corp.1 536,400 27,451
TDK Corp.1 236,800 25,895
Nemetschek SE1 217,479 15,929
Largan Precision Co., Ltd.1 76,000 8,880
Reply SpA1 70,800 8,148
    25,595,322
Financials 13.06%    
AIA Group Ltd.1 373,649,401 3,680,887
HDFC Bank Ltd.1,2 170,841,963 2,517,368
HDFC Bank Ltd. (ADR)2 9,537,540 476,495
Kotak Mahindra Bank Ltd.1,2 98,539,478 1,696,066
London Stock Exchange Group PLC1 10,390,289 1,188,657
B3 SA - Brasil, Bolsa, Balcao 101,429,300 993,541
Ping An Insurance (Group) Company of China, Ltd., Class H1,4 80,297,999 828,373

 

EuroPacific Growth Fund — Page 2 of 9

 


 

 

unaudited

 

 

Common stocks (continued)
Financials (continued)
Shares Value
(000)
Ping An Insurance (Group) Company of China, Ltd., Class A1 8,178,157 $91,668
UniCredit SpA1,2 111,319,973 918,022
Sberbank of Russia PJSC (ADR)1,2 54,067,627 630,791
Barclays PLC1,2 429,141,028 540,015
Hong Kong Exchanges and Clearing Ltd.1 11,194,300 526,181
Deutsche Boerse AG1 2,955,507 519,044
ICICI Bank Ltd.1,2 79,686,904 386,556
ICICI Bank Ltd. (ADR)2 9,783,600 96,173
HDFC Life Insurance Company Ltd.1,2 61,595,160 467,354
Deutsche Bank AG1,2 53,351,214 449,821
XP Inc., Class A2 10,134,593 422,511
FinecoBank SpA1,2 30,065,061 413,688
Toronto-Dominion Bank (CAD denominated) 8,872,608 410,797
Société Générale1,2 27,113,425 358,782
Axis Bank Ltd.1,2 56,891,711 330,246
Brookfield Asset Management Inc., Class A 9,919,272 327,931
Commerzbank AG, non-registered shares1,2,3 65,877,439 323,783
PICC Property and Casualty Co. Ltd., Class H1 420,787,869 294,431
Zurich Insurance Group AG1 833,025 289,631
BNP Paribas SA1,2 6,557,259 237,543
Housing Development Finance Corp. Ltd.1 9,812,000 232,873
Bank Rakyat Indonesia (Persero) Tbk PT1 1,032,412,900 211,790
Macquarie Group Ltd.1 2,419,850 207,859
QBE Insurance Group Ltd.1 32,948,509 203,915
3i Group PLC1 15,557,856 199,709
The People’s Insurance Co. (Group) of China Ltd., Class H1 419,160,744 125,380
Capitec Bank Holdings Ltd.1 1,841,956 114,011
Banco Bilbao Vizcaya Argentaria, SA1 40,232,046 111,192
Euronext NV1,4 751,516 93,938
ING Groep NV1,2 11,546,645 81,760
Discovery Ltd.1 8,305,419 63,359
BB Seguridade Participações SA 14,510,000 62,707
Hiscox Ltd.1,2 4,636,063 53,360
Turkiye Garanti Bankasi AS1,2 52,537,929 48,246
TMX Group Ltd. 389,449 40,052
IndusInd Bank Ltd.1,2 4,977,000 35,980
Banco Santander, SA1 15,029,533 27,999
UBS Group AG1,4 1,834,473 20,479
Skandinaviska Enskilda Banken AB, Class A1,2 2,223,704 19,684
DNB ASA1,2 1,387,088 19,158
Partners Group Holding AG1 19,434 17,883
Metropolitan Bank & Trust Company1 21,213,192 16,717
Bank Mandiri (Persero) Tbk PT1 42,243,700 14,175
Royal Bank of Canada 87,855 6,168
    21,444,749
Health care 12.95%    
Daiichi Sankyo Company, Ltd.1,3 118,008,600 3,626,229
Chugai Pharmaceutical Co., Ltd.1 42,467,600 1,905,696
WuXi Biologics (Cayman) Inc.1,2 67,747,874 1,662,565
AstraZeneca PLC1 12,503,044 1,360,843
HOYA Corp.1 7,685,551 866,313
Olympus Corp.1 40,269,800 835,889
CSL Ltd.1 3,893,001 802,121
Novartis AG1 9,169,847 796,871

 

EuroPacific Growth Fund — Page 3 of 9

 


 

 

unaudited

 

 

Common stocks (continued)
Health care (continued)
Shares Value
(000)
M3, Inc.1 12,471,451 $774,376
Novo Nordisk A/S, Class B1 7,766,286 539,460
Alcon Inc.1,2 9,351,294 530,911
Aier Eye Hospital Group Co., Ltd., Class A1 69,453,034 524,691
Teva Pharmaceutical Industries Ltd. (ADR)2,3 56,134,536 505,772
Koninklijke Philips NV (EUR denominated)1,2 9,476,221 446,427
WuXi AppTec Co., Ltd., Class A1 28,051,084 420,030
WuXi AppTec Co., Ltd., Class H1 790,000 11,430
Lonza Group AG1 698,324 431,062
Fresenius SE & Co. KGaA1 9,417,663 428,688
Grifols, SA, Class A, non-registered shares1 11,416,470 329,019
Grifols, SA, Class B (ADR) 3,507,519 60,855
Notre Dame Intermédica Participações SA3 31,484,719 364,749
Hikma Pharmaceuticals PLC1 10,195,746 341,493
BeiGene, Ltd. (ADR)2 1,178,966 337,703
Sonova Holding AG1,2 1,240,389 314,547
bioMérieux SA1 1,906,042 298,372
Asahi Intecc Co., Ltd.1 9,366,400 294,219
Takeda Pharmaceutical Company, Ltd.1 8,046,400 286,629
Coloplast A/S, Class B1 1,737,575 274,794
Shionogi & Co., Ltd.1 4,030,302 215,625
Argenx SE (ADR)2 654,897 171,924
Genmab A/S1,2 460,696 167,284
Hypera SA, ordinary nominative 28,584,628 151,782
Fresenius Medical Care AG & Co. KGaA1 1,750,965 147,848
GN Store Nord AS1 1,855,320 140,383
Merck KGaA1 938,480 137,039
Alibaba Health Information Technology Ltd1,2 50,380,000 123,954
Yunnan Baiyao Group Co., Ltd., Class A1 7,639,855 114,744
Terumo Corp.1 2,694,100 107,337
Zai Lab Ltd.1,2 1,195,988 98,919
Galapagos NV1,2 657,420 93,377
Straumann Holding AG1 83,029 83,533
GW Pharmaceuticals PLC (ADR)2,4 678,443 66,046
CRISPR Therapeutics AG2 719,100 60,146
NMC Health PLC1,2,5 3,099,779 40
    21,251,735
Industrials 8.40%    
Recruit Holdings Co., Ltd.1 51,825,329 2,056,294
Airbus SE, non-registered shares1,2 25,507,717 1,851,472
Safran SA1,2 10,776,168 1,060,416
DSV Panalpina A/S1 5,225,958 852,821
Melrose Industries PLC1,2,3 387,796,732 572,167
Ryanair Holdings PLC (ADR)2 6,425,180 525,323
Ryanair Holdings PLC1,2 2,061,291 27,409
Rentokil Initial PLC1 78,763,863 542,073
Knorr-Bremse AG, non-registered shares1 4,393,743 519,014
Experian PLC1 13,310,171 498,078
SMC Corp.1 757,082 421,360
MTU Aero Engines AG1 2,481,623 412,740
Nidec Corp.1 4,259,000 396,091
ASSA ABLOY AB, Class B1 16,191,737 377,932
Kingspan Group PLC1,2 3,686,366 335,287
Shanghai International Airport Co., Ltd., Class A1 33,093,528 333,768

 

EuroPacific Growth Fund — Page 4 of 9

 


 

 

unaudited

 

 

Common stocks (continued)
Industrials (continued)
Shares Value
(000)
Airports of Thailand PCL, foreign registered shares1 180,787,600 $323,531
Spirax-Sarco Engineering PLC1 2,064,378 293,504
NIBE Industrier AB, Class B1,2 10,861,699 279,947
AB Volvo, Class B1,2 12,706,317 244,045
DCC PLC1 2,452,442 188,998
Techtronic Industries Co. Ltd.1 13,696,000 180,098
Country Garden Services Holdings Co., Ltd.1 26,571,000 171,935
CCR SA, ordinary nominative 71,095,655 160,399
ABB Ltd.1 5,506,255 139,556
Adani Ports & Special Economic Zone Ltd.1 28,847,869 134,293
Epiroc AB, Class B1 8,328,742 115,838
Rheinmetall AG1 1,228,096 110,723
Aeroports de Paris SA1 934,486 93,049
Jardine Matheson Holdings Ltd.1 1,978,600 78,531
Rolls-Royce Holdings PLC1,2,4 47,113,959 78,175
Nihon M&A Center Inc.1 1,131,900 64,565
Canadian National Railway Company (CAD denominated) 564,249 60,092
Komatsu Ltd.1,4 2,432,100 53,542
IMCD NV1 288,400 34,338
IMCD NV1 128,600 15,312
A-Living Services Co., Ltd., Class H1 9,616,500 48,967
Daikin Industries, Ltd.1 245,500 45,268
RELX PLC1 1,602,511 35,471
TFI International Inc. 816,063 34,136
VAT Group AG1 113,359 21,671
    13,788,229
Communication services 6.59%    
Sea Ltd., Class A (ADR)2 15,976,392 2,461,003
Tencent Holdings Ltd.1 26,333,612 1,753,644
SoftBank Group Corp.1 22,618,155 1,396,609
Nintendo Co., Ltd.1 2,052,693 1,166,916
Z Holdings Corp.1 170,771,083 1,140,947
Cellnex Telecom, SA, non-registered shares1 9,220,820 560,403
Altice Europe NV, Class A1,2,3 67,356,692 322,591
Altice Europe NV, Class B1,2,3 14,636,170 70,316
Yandex NV, Class A2 5,297,777 345,680
Ubisoft Entertainment SA1,2 3,715,314 335,750
Bharti Airtel Ltd.1 50,194,098 287,491
Square Enix Holdings Co., Ltd.1 3,806,600 253,086
América Móvil, SAB de CV, Series L (ADR) 18,658,436 233,044
América Móvil, SAB de CV, Series L 18,821,401 11,815
China Tower Corp. Ltd., Class H1 998,114,000 173,397
Scout24 AG1 1,228,907 107,263
Koninklijke KPN NV1 45,461,821 106,898
Nexon Co., Ltd.1 3,830,000 95,117
    10,821,970
Materials 5.44%    
Sika AG1 6,478,480 1,591,569
Vale SA, ordinary nominative (ADR) 84,717,257 896,308
Vale SA, ordinary nominative 53,078,361 558,675
Koninklijke DSM NV1 7,783,209 1,282,641
Shin-Etsu Chemical Co., Ltd.1 7,967,900 1,039,986
Linde PLC 2,816,021 670,579

 

EuroPacific Growth Fund — Page 5 of 9

 


 

 

unaudited

 

 

Common stocks (continued)
Materials (continued)
Shares Value
(000)
Linde PLC (EUR denominated)1 1,188,006 $281,180
Rio Tinto PLC1 9,950,589 600,400
First Quantum Minerals Ltd.3 50,667,432 451,671
Barrick Gold Corp. (CAD denominated) 10,154,898 285,226
Givaudan SA1 52,323 225,514
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A1 25,945,749 206,122
HeidelbergCement AG1 2,645,074 162,253
CCL Industries Inc., Class B, nonvoting shares 3,837,538 147,962
Teck Resources Ltd., Class B 9,052,373 126,042
Akzo Nobel NV1 1,013,345 102,626
UPL Ltd.1 13,500,000 92,528
BASF SE1 1,270,932 77,392
Asian Paints Ltd.1 1,500,530 40,431
Chr. Hansen Holding A/S1 272,813 30,320
MMG Ltd.1,2 115,184,000 29,015
Antofagasta PLC1 2,159,363 28,471
Gerdau SA (ADR) 1,667,192 6,169
    8,933,080
Energy 5.12%    
Reliance Industries Ltd.1 194,339,305 5,919,038
Reliance Industries Ltd., interim shares1 10,027,005 183,633
Canadian Natural Resources, Ltd. (CAD denominated)4 57,342,499 918,996
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR) 62,080,717 442,015
Cenovus Energy Inc.3 69,656,045 271,499
Neste Oyj1 4,725,198 248,469
Royal Dutch Shell PLC, Class B1 8,887,530 107,512
BP PLC1 29,130,965 84,579
TC Energy Corp. (CAD denominated)4 1,831,914 76,906
Rosneft Oil Company PJSC (GDR)1 15,332,031 75,227
Tourmaline Oil Corp. 4,040,799 49,374
Total SE1,4 937,174 32,176
    8,409,424
Consumer staples 5.03%    
Kweichow Moutai Co., Ltd., Class A1 7,611,804 1,871,230
Nestlé SA1 13,227,069 1,569,248
British American Tobacco PLC1 19,859,028 713,793
Reckitt Benckiser Group PLC1 4,537,259 442,352
Pernod Ricard SA1 2,770,540 442,151
Inner Mongolia Yili Industrial Group Co., Ltd., Class A1 53,578,236 304,099
Danone SA1 4,679,791 302,694
Anheuser-Busch InBev SA/NV1 5,338,796 288,175
Shiseido Company, Ltd.1 4,700,459 269,715
Philip Morris International Inc. 3,181,889 238,610
Uni-Charm Corp.1 3,947,100 176,333
Treasury Wine Estates Ltd.1 27,233,254 174,738
Avenue Supermarts Ltd.1,2 5,829,337 174,101
Foshan Haitian Flavouring and Food Co. Ltd., Class A1 6,359,990 152,058
Alimentation Couche-Tard Inc., Class B 3,879,863 135,113
Kirin Holdings Company, Ltd.1 6,947,467 130,487
Associated British Foods PLC1 4,468,973 107,652
Unilever PLC1 1,686,559 103,922
Carlsberg A/S, Class B1 770,757 103,783
Chocoladefabriken Lindt & Sprüngli AG1 1,142 101,632

 

EuroPacific Growth Fund — Page 6 of 9

 


 

 

unaudited

 

 

Common stocks (continued)
Consumer staples (continued)
Shares Value
(000)
Heineken NV1 1,078,878 $95,876
Fomento Económico Mexicano, SAB de CV 13,765,300 77,569
JBS SA, ordinary nominative 17,332,696 63,795
Godrej Consumer Products Ltd.1 6,458,353 63,638
Dabur India Ltd.1 7,882,000 54,685
Glanbia PLC1 4,730,965 48,799
L’Oréal SA, non-registered shares1 149,564 48,668
    8,254,916
Utilities 2.62%    
Ørsted AS1 9,373,416 1,292,921
Enel SpA1 106,502,764 924,780
ENN Energy Holdings Ltd.1,3 75,916,100 828,216
China Gas Holdings Ltd.1 219,967,800 627,288
China Resources Gas Group Ltd.1 81,510,000 364,928
Iberdrola, SA, non-registered shares1 10,797,673 132,896
Engie SA1,2 5,245,499 70,109
Guangdong Investment Ltd.1 39,508,500 62,730
    4,303,868
Real estate 1.13%    
Longfor Group Holdings Ltd.1 53,646,000 301,546
KE Holdings Inc., Class A (ADR)2 4,774,616 292,684
Shimao Group Holdings Ltd.1 64,840,500 269,454
Ayala Land, Inc.1 359,030,587 219,973
China Overseas Land & Investment Ltd.1 86,965,756 219,327
Vonovia SE1 2,969,139 204,035
Goodman Logistics (HK) Ltd. REIT1 14,805,708 190,550
ESR Cayman Ltd.1,2 28,917,000 90,221
CK Asset Holdings Ltd.1 14,612,000 71,293
    1,859,083
Total common stocks (cost: $97,012,596,000)   153,718,738
Preferred securities 1.74%
Energy 0.73%
   
Petróleo Brasileiro SA (Petrobras), preferred nominative 173,525,918 605,930
Petróleo Brasileiro SA (Petrobras), preferred nominative (ADR) 84,809,178 597,057
    1,202,987
Health care 0.60%    
Sartorius AG, nonvoting preferred, non-registered shares1 1,836,600 754,464
Grifols, SA, Class B, nonvoting preferred, non-registered shares1 13,322,174 228,435
    982,899
Consumer discretionary 0.27%    
Volkswagen AG, nonvoting preferred shares1,2 2,722,642 438,178
Information technology 0.07%    
Samsung Electronics Co., Ltd., nonvoting preferred shares1 2,590,928 111,781

 

EuroPacific Growth Fund — Page 7 of 9

 


 

 

unaudited

 

 

Preferred securities (continued)
Materials 0.06%
Shares Value
(000)
Gerdau SA, preferred nominative 26,891,299 $99,599
Industrials 0.01%    
Azul SA, preferred nominative2 3,313,800 14,386
Real estate 0.00%    
Ayala Land, Inc., preferred shares1,2,5 481,283,600 6
Total preferred securities (cost: $2,269,617,000)   2,849,830
Rights & warrants 0.13%
Health care 0.13%
   
WuXi AppTec Co., Ltd., Class A, warrants, expire 20211,7 8,561,420 128,196
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20211,7 8,986,466 65,853
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20211,2,7 3,589,186 26,301
    220,350
Total rights & warrants (cost: $165,420,000)   220,350
Bonds, notes & other debt instruments 0.06%
U.S. Treasury bonds & notes 0.06%
U.S. Treasury 0.06%
Principal amount
(000)
 
U.S. Treasury 2.50% 2020 $100,000 100,598
Total U.S. Treasury bonds & notes   100,598
Total bonds, notes & other debt instruments (cost: $100,203,000)   100,598
Short-term securities 4.59%
Money market investments 4.59%
Shares  
Capital Group Central Cash Fund 0.12%3,8 73,553,906 7,356,126
BlackRock Liquidity Funds – FedFund, Institutional Shares 0%8,9 75,000,000 75,000
State Street Institutional U.S. Government Money Market Fund,
Premier Class 0.03%8,9
43,540,000 43,540
Goldman Sachs Financial Square Government Fund, Institutional Shares 0%8,9 27,000,000 27,000
Invesco Short-Term Investments Trust – Government & Agency Portfolio,
Institutional Class 0.02%8,9
23,737,196 23,737
Morgan Stanley Institutional Liquidity Funds – Government Portfolio,
Institutional Class 0.02%8,9
10,500,000 10,500
Fidelity Investments Money Market Government Portfolio,
Class I 0.01%8,9
2,000,000 2,000
RBC Funds Trust – U.S. Government Money Market Fund,
RBC Institutional Class 1 0.03%8,9
1,200,000 1,200
    7,539,103
Total short-term securities (cost: $7,538,099,000)   7,539,103
Total investment securities 100.15% (cost: $107,085,935,000)   164,428,619
Other assets less liabilities (0.15)%   (244,821)
Net assets 100.00%   $164,183,798

 

EuroPacific Growth Fund — Page 8 of 9

 


 

 

unaudited

 

 

1 Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $131,053,749,000, which represented 79.82% of the net assets of the fund. This amount includes $130,833,359,000 related 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 Affiliate of the fund or part of the same group of investment companies as the fund, in each case as defined under the Investment Company Act of 1940.
4 All or a portion of this security was on loan. The total value of all such securities was $224,978,000, which represented .14% of the net assets of the fund.
5 Value determined using significant unobservable inputs.
6 Amount less than one thousand.
7 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 $220,350,000, which represented .13% of the net assets of the fund.
8 Rate represents the seven-day yield at 9/30/2020.
9 Security purchased with cash collateral from securities on loan.

 

Key to abbreviations
ADR = American Depositary Receipts
CAD = Canadian dollars
EUR = Euros
GBP = British pounds
GDR = Global Depositary Receipts

Additional financial disclosures are included in the fund’s current shareholder report and should be read in conjunction with this report.

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.

 

 

MFGEFP2-016-1120O-S78115 EuroPacific Growth Fund — Page 9 of 9

 

 

ITEM 7 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

 

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

 

ITEM 8 – Portfolio Managers of Closed-End Management Investment Companies

 

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

 

ITEM 9 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

 

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

 

ITEM 10 – Submission of Matters to a Vote of Security Holders

 

There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ‘‘interested persons’’ of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board’s composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. While the committee normally is able to identify from its own resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant’s Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.

 

ITEM 11 – Controls and Procedures

 

(a) The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.
   
(b)

There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

 

ITEM 12 – Exhibits

 

(a)(1) Not applicable for filing of semi-annual reports to shareholders.
   
(a)(2) The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

 

 
 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  EUROPACIFIC GROWTH FUND
   
  By __/s/ Walter R. Burkley____________________
 

Walter R. Burkley, Executive Vice President and

Principal Executive Officer

   
  Date: November 30, 2020

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

 

 

By __/s/ Walter R. Burkley_________________

Walter R. Burkley, Executive Vice President and

Principal Executive Officer

 
Date: November 30, 2020

 

 

 

By ___/s/ Brian C. Janssen    __________

Brian C. Janssen, Treasurer and

Principal Financial Officer

 
Date: November 30, 2020

EX-99.CERT 2 eupac_cert302.htm CERT302

 

 

 

 

 

EuroPacific Growth Fund

333 South Hope Street

Los Angeles, California 90071

(949) 975-5000

 

CERTIFICATION

I, Walter R. Burkley, certify that:

 

1. I have reviewed this report on Form N-CSR of EuroPacific Growth Fund;
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
   
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
   
  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
   
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
   
  c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 180 days prior to the filing date of this report based on such evaluation; and
   
  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
   
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):
   
  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
   
  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Date: November 30, 2020

 

___/s/ Walter R. Burkley_____________________

Walter R. Burkley, Executive Vice President and

Principal Executive Officer

EuroPacific Growth Fund

 
 

 

 

 

 

 

 

EuroPacific Growth Fund

333 South Hope Street

Los Angeles, California 90071

(949) 975-5000

 

CERTIFICATION

I, Brian C. Janssen, certify that:

 

1. I have reviewed this report on Form N-CSR of EuroPacific Growth Fund;
   
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
   
4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
   
  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
   
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
   
  c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 180 days prior to the filing date of this report based on such evaluation; and
   
  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
   
5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):
   
  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
   
  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Date: November 30, 2020

 

__/s/ Brian C. Janssen____________

Brian C. Janssen, Treasurer and

Principal Financial Officer

EuroPacific Growth Fund

 

EX-99.906 CERT 3 eupac_cert906.htm CERT906

 

 

 

 

 

EuroPacific Growth Fund

333 South Hope Street

Los Angeles, California 90071

(949) 975-5000

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

WALTER R. BURKLEY, Executive Vice President and Principal Executive Officer, and BRIAN C. JANSSEN, Treasurer and Principal Financial Officer of EuroPacific Growth Fund (the "Registrant"), each certify to the best of her or his knowledge that:

 

1) The Registrant's periodic report on Form N-CSR for the period ended September 30, 2020 (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
   
2) The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

 

Principal Executive Officer Principal Financial Officer
   
EUROPACIFIC GROWTH FUND EUROPACIFIC GROWTH FUND
   
   
___/s/ Walter R. Burkley____________ _/s/ Brian C. Janssen____________
Walter R. Burkley, Executive Vice President Brian C. Janssen, Treasurer
   
Date: November 30, 2020 Date: November 30, 2020

 

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to EUROPACIFIC GROWTH FUND and will be retained by EUROPACIFIC GROWTH FUND and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

 

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSR filed with the Commission.

 

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