N-CSR

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: March 31, 2021

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^®   Annual report
for the year ended
March 31, 2021

Tap into the growth
potential of
international equities

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 F-2 shares. Class A share results are shown at net asset value unless otherwise indicated. If a sales charge (maximum 5.75%) had been deducted from Class A shares, 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.

See page 4 for Class F-2 and Class A share results with relevant sales charges deducted and fund expenses. For other share class results, visit capitalgroup.com and americanfundsretirement.com.

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.

Contents

1	Letter to investors
4	The value of a long-term perspective
6	Investment portfolio
16	Financial statements
42	Board of trustees and other officers

Fellow investors:

During a 12-month period marked by a deadly pandemic, government-imposed lockdowns and a powerful equity market rebound, EuroPacific Growth Fund generated strong returns and surpassed its benchmark by a wide margin.

The fund’s Class F-2 shares returned 60.61% for the fiscal year ended March 31, 2021. That return exceeded the 49.41% gain recorded by the fund’s primary benchmark, MSCI ACWI (All Country World Index) ex USA, which reflects the returns of more than 40 developed and developing country stock markets. The fund’s Class F-2 share return includes a dividend of 23 cents a share paid in December 2020.

Equity markets rally

International equity markets rallied amid investor optimism for a sustained recovery from the pandemic. Driven by massive government stimulus measures and the rapid development of COVID-19 vaccines, markets staged a remarkable recovery from late March 2020 through the end of the fund’s fiscal year. Following the fastest bear market in history, investors witnessed the quickest market recovery on record, boosted by so-called “stay-at-home” stocks that benefited from the lockdowns.

Shares of many e-commerce and digitally focused companies hit new highs as people around the world sheltered in place and global economic activity abruptly decelerated. Later in the 12-month period, as many economies started to reopen, the market rally shifted to stocks that were hurt during the lockdowns, including companies in the energy and financial sectors, along with those in the travel and tourism industries. In the final few months of the period, value-oriented stocks outpaced growth stocks by a wide margin.

Among regional markets, European stocks rose on hopes for a global economic recovery and enhanced monetary stimulus measures from the European Central Bank. In response to rising bond yields, ECB officials

Results at a glance

For periods ended March 31, 2021, with all distributions reinvested

	Cumulative total returns			Average annual total returns
	1 year			5 years			10 years			Lifetime (since 4/16/84)
EuroPacific Growth Fund (Class F-2 shares)1		60.61	%		12.78	%		7.61	%		11.10	%
EuroPacific Growth Fund (Class A shares)		60.22			12.50			7.35			10.87
MSCI ACWI (All Country World Index) ex USA2,3		49.41			9.76			4.93			N/A

1	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. Please see capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.
2	Market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index. Source: MSCI.
3	The index did not exist prior to December 31, 1987. Results reflect dividends net of withholding taxes.

EuroPacific Growth Fund 1

accelerated the bank’s €1.85 trillion bond-buying program to help ease borrowing costs across the 19-member eurozone. Meanwhile, Japanese stocks advanced despite a sluggish economic recovery and a surge of new COVID-19 infections. Emerging-markets stocks generated some of the best returns, lifted by China’s relatively quick recovery from the pandemic.

All sectors rise

Every major sector experienced double-digit gains, highlighted by an 82% increase for the information technology sector. Within the sector, semiconductor companies stood out amid soaring demand for computer chips and a subsequent worldwide chip shortage. IT services, streaming video and gaming companies shined as millions of home-bound people turned to the internet for entertainment and work applications. The materials sector also rose sharply, gaining 76% in aggregate, as expectations for an economic reawakening lifted the shares of chemicals, cement and mining companies.

Consumer staples and health care stocks lagged the overall market, with both sectors rising about 22% respectively, as more cyclical sectors took center stage. Some large food companies failed to meet lofty sales growth expectations, which pressured share prices. In the health care sector, a number of companies operating outside the urgency of the COVID-19 crisis were hurt by the widespread postponement of other medical treatments and procedures. In an election year, investor worries about potential new controls on drug prices also weighed on the sector.

Inside the portfolio

Select investments in the consumer discretionary sector produced solid results for the fund. Shares of MercadoLibre soared as Latin America’s largest e-commerce retailer saw a rapid increase in online sales and spent heavily to support faster delivery services during the pandemic. The communications services sector was another strong contributor to results. Shares of Sea Ltd. moved sharply higher as the Singapore-based internet platform provider reported higher engagement and revenue across the Southeast Asia region. Sea’s digital entertainment division posted strong growth as its popular game “Free Fire” achieved new records for daily active users. Elsewhere in the portfolio, mining giant Vale was also among the top contributors.

Among information technology stocks, ASML shares rose on strong demand for the Dutch company’s advanced lithography equipment used in semiconductor manufacturing. However, stock selection in the IT sector detracted overall, relative to the ACWI ex USA index. German software giant SAP lagged the market amid a pandemic-related decline in demand for its business-relations and customer-management software. Information technology and consumer discretionary are the two largest sectors represented in the fund, making up about a third of the portfolio.

Three health care stocks were among the fund’s largest detractors: Chugai Pharmaceutical and Daiichi Sankyo, both of Japan, and biotech firm Grifols of Spain. Shares of all three companies experienced strong runs earlier in the 12-month period, but appeared to be hit by profit-taking and dimming sentiment for developing COVID-19 treatments. Elsewhere in the sector, shares of Chinese health care company Wuxi Biologics rallied on the rapid growth of the outsourced research, development and manufacturing services it provides to other biotech companies. In May, Wuxi inked a deal to open its first U.S.-based biologics facility in the greater Boston area, highlighting the firm’s growth opportunities outside its home base of China.

Looking ahead

The market outlook has brightened significantly from a year ago as rapid vaccine rollouts, government stimulus measures and pent-up demand combine to help fuel a global economic recovery. We expect the world’s major economies to enjoy a strong rebound during the balance of 2021, including a powerful resurgence of some industries that were hardest hit by the lockdowns. While the

2 EuroPacific Growth Fund

COVID-19 crisis is far from over — and there could be setbacks along the way — we remain optimistic about the prospects for a return to some degree of normalcy as the global economy gets back on its feet again.

As we noted in last year’s annual letter, it was possible to envision an end to this crisis back then — and today that vision is even more clear. The world has handled deadly viral outbreaks many times before, from SARS in 2003, to swine flu in 2009, to MERS, Ebola and the Zika virus in more recent years. Humankind and the global economy have powered through each of these outbreaks as they are eventually suppressed and ultimately contained. We believe this time is no different. Moreover, we are heartened to observe the way researchers from around the world came together so quickly to develop several effective vaccines in a time frame that was previously thought impossible.

Still, we expect more volatility ahead. With some market indexes hitting record new highs, surpassing pre-COVID levels, investors must keep an eye on valuations and prepare for healthy corrections along the way. In addition, rising interest rates and the potential for higher inflation are challenging the valuation assumptions for some growth stocks, including many of the companies that led the previous bull market. Whether they will lead the next one remains to be seen. But we are confident that we have the right people in place all over the world to monitor these developments and make decisions based on deep, company-specific fundamental research, which has always formed the basis of our investment philosophy.

As always, we remain focused on the long-term picture, and we believe we are well positioned to tolerate periods of market volatility. Thank you for your commitment to the fund and we look forward to reporting to you again in six months.

Sincerely,

Gerald Du Manoir
Co-President

Carl M. Kawaja
Co-President

Christopher Thomsen
Co-President

May 12, 2021

For current information about the fund, visit capitalgroup.com.

EuroPacific Growth Fund 3

The value of a long-term perspective

Fund results shown are for Class F-2 shares and Class A shares. Class A share results reflect deduction of the maximum sales charge of 5.75% on the $10,000 investment¹; thus, the net amount invested was $9,425.² 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.

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. Please see capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.

The results shown are before taxes on fund distributions and sale of fund shares.

1	As outlined in the prospectus, the sales charge is reduced for accounts (and aggregated investments) of $25,000 or more and is eliminated for purchases of $1 million or more. There is no sales charge on dividends or capital gain distributions that are reinvested in additional shares.
2	The maximum initial sales charge was 8.50% prior to July 1, 1988.
3	For the period April 16, 1984, commencement of operations, through March 31, 1985.
4	The index is unmanaged and, therefore, has no expenses. Investors cannot invest directly in an index.
5	From April 16, 1984, through December 31, 1987, the MSCI EAFE (Europe, Australasia, Far East) Index was used because the MSCI ACWI (All Country World Index) ex USA did not yet exist. Since January 1, 1988, the MSCI ACWI ex USA has been used. The MSCI EAFE Index reflects dividends net of withholding taxes. The MSCI ACWI ex USA reflects dividends gross of withholding taxes through December 31, 2000, and dividends net of withholding taxes thereafter.

4 EuroPacific Growth Fund

How a hypothetical $10,000 investment has grown

This chart shows how a hypothetical $10,000 investment in Class F-2 and Class A shares of EuroPacific Growth Fund grew from April 16, 1984, to March 31, 2021. As you can see, the investment grew to $489,046 or $426,265, respectively, with all distributions reinvested.

EuroPacific Growth Fund 5

Investment portfolio March 31, 2021

Industry sector diversification Percent of net assets

Country diversification by domicile	Percent of net assets
Eurozone*		26.32	%
Japan		11.39
China		10.51
India		7.81
United Kingdom		5.95
Brazil		5.65
Canada		4.42
Hong Kong		3.91
Switzerland		2.95
Other countries		16.31
Short-term securities & other assets less liabilities		4.78

* 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 92.97%	Shares		Value (000)
Information technology 16.30%
ASML Holding NV1		10,049,768	$	6,129,742
Taiwan Semiconductor Manufacturing Company, Ltd.1		209,779,649		4,362,035
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR)2		8,018,976		948,485
Shopify Inc., Class A, subordinate voting shares3		2,282,269		2,525,331
Keyence Corp.1		5,161,400		2,355,903
PagSeguro Digital Ltd., Class A3,4		29,074,421		1,346,146
Samsung Electronics Co., Ltd.1		18,495,028		1,335,917
Adyen NV1,3		461,404		1,034,421
Worldline SA, non-registered shares1,2,3		10,105,723		846,870
StoneCo Ltd., Class A3		13,248,953		811,101
Nice Ltd. (ADR)		3,459,425		754,051
Nice Ltd.1		251,961		54,803
Edenred SA1,4		14,710,256		768,488
Tokyo Electron Ltd.1		1,771,700		758,551
SAP SE1		5,553,731		680,188
Hexagon AB, Class B1		6,991,188		644,736
Halma PLC1		17,950,258		587,608
Nomura Research Institute, Ltd.1		16,847,300		523,661
STMicroelectronics NV1		11,862,873		452,206
Amadeus IT Group SA, Class A, non-registered shares1,3		6,081,687		430,501
Sinch AB1,3		2,393,764		420,959
TeamViewer AG1,3		9,339,292		399,061
Atlassian Corp. PLC, Class A3		1,371,819		289,125
GDS Holdings Ltd., Class A1,2,3		27,057,378		275,023
NetEase, Inc.1		12,330,400		254,838
Delta Electronics, Inc.1		20,627,529		210,161
OBIC Co., Ltd.1		1,142,200		210,159
Xero Ltd.1,3		1,767,325		171,488
Infosys Ltd. (ADR)		9,155,944		171,399
Infineon Technologies AG1		3,639,172		154,338
SimCorp AS1		1,219,300		150,921
Dassault Systemes SE1		637,489		136,391
Nexi SpA1,3		7,620,749		133,423
Afterpay Ltd.1,3		1,593,630		124,929
NXP Semiconductors NV		577,201		116,214
Silergy Corp.1		1,117,000		91,550
Reply SpA1		703,435		88,982
Avast PLC1		13,690,985		86,082
Justsystems Corp.1		1,257,548		69,411
Lightspeed POS Inc., subordinate voting shares (CAD denominated)2,3		447,083		28,116
Lightspeed POS Inc., subordinate voting shares3		256,111		16,086
EPAM Systems, Inc.3		97,294		38,596

6 EuroPacific Growth Fund

Common stocks (continued)	Shares		Value (000)
Information technology (continued)
TDK Corp.1		236,600	$	32,995
Nemetschek SE1		296,209		18,897
ASM International NV1,3		37,114		10,860
				31,050,748
Financials 15.25%
AIA Group Ltd.1		356,623,201		4,338,500
HDFC Bank Ltd.1,3		161,418,829		3,285,026
HDFC Bank Ltd. (ADR)3		9,613,970		746,909
Kotak Mahindra Bank Ltd.1,3		97,295,678		2,339,471
UniCredit SpA1,3		111,300,762		1,181,958
Deutsche Bank AG1,3		87,659,613		1,047,391
Barclays PLC1		398,792,428		1,022,563
Ping An Insurance (Group) Company of China, Ltd., Class H1,2		74,877,729		894,216
Ping An Insurance (Group) Company of China, Ltd., Class A1		6,663,171		80,147
Sberbank of Russia PJSC (ADR)1		59,370,022		914,988
London Stock Exchange Group PLC1		8,683,189		831,026
Société Générale1,3		29,720,080		776,575
ICICI Bank Ltd.1,3		78,749,478		629,139
ICICI Bank Ltd. (ADR)3		8,858,473		142,001
B3 SA - Brasil, Bolsa, Balcao		76,459,100		741,953
Toronto-Dominion Bank (CAD denominated)		10,387,058		677,428
Hong Kong Exchanges and Clearing Ltd.1		11,141,600		658,858
Axis Bank Ltd.1,3		56,891,711		544,747
Brookfield Asset Management Inc., Class A		12,097,551		538,341
FinecoBank SpA1,3		30,353,989		498,072
ING Groep NV1		37,878,454		464,843
Commerzbank AG, non-registered shares1,3,4		71,821,429		440,362
HDFC Life Insurance Company Ltd.1,3		44,811,342		427,661
XP Inc., Class A3		11,290,760		425,323
Aegon NV1		86,671,841		411,101
BNP Paribas SA1,3		6,549,249		397,933
KBC Groep NV1		4,822,704		350,202
ABN AMRO Bank NV1,3		28,027,049		340,024
Banco Santander, SA1		98,859,084		336,019
Bank Rakyat Indonesia (Persero) Tbk PT1,3		1,032,412,900		313,300
AXA SA1		11,374,404		304,956
Banco Bilbao Vizcaya Argentaria, SA1		57,032,350		297,075
Macquarie Group Ltd.1		2,549,261		295,575
3i Group PLC1		15,538,853		247,173
Bajaj Finserv Ltd.1,3		1,749,600		231,237
Housing Development Finance Corp. Ltd.1		6,597,000		226,232
PICC Property and Casualty Co. Ltd., Class H1		230,580,000		200,408
Futu Holdings Ltd. (ADR)2,3		1,023,903		162,616
Capitec Bank Holdings Ltd.1,3		1,581,134		152,118
Lufax Holding Ltd. (ADR)2,3		9,200,669		133,594
Bank Mandiri (Persero) Tbk PT1		292,920,900		124,264
DBS Group Holdings Ltd.1		5,738,700		123,795
China Merchants Bank Co., Ltd., Class H1		15,257,500		116,749
Bajaj Finance Ltd.1,3		1,650,000		116,607
QBE Insurance Group Ltd.1		15,408,518		113,168
Euronext NV1		811,755		81,785
Discovery Ltd.1,3		8,315,491		74,699
IndusInd Bank Ltd.1,3		4,977,000		65,237
DNB ASA1		3,002,625		63,927
Hiscox Ltd.1,3		2,869,375		34,041
UBS Group AG1,2		1,832,233		28,369
Skandinaviska Enskilda Banken AB, Class A1		2,220,988		27,075
Partners Group Holding AG1		10,854		13,869
Bank Central Asia Tbk PT1		4,240,000		9,087
				29,039,733
Consumer discretionary 14.97%
MercadoLibre, Inc.3,4		2,634,544		3,878,418
LVMH Moët Hennessy-Louis Vuitton SE1		5,458,272		3,637,346
Flutter Entertainment PLC1,3,4		5,434,523		1,157,395
Flutter Entertainment PLC (CDI)1,3,4		3,678,989		786,605
Sony Group Corp.1		14,371,560		1,513,059

EuroPacific Growth Fund 7

Common stocks (continued)	Shares		Value (000)
Consumer discretionary (continued)
Alibaba Group Holding Ltd.1,3		50,739,960	$	1,435,842
adidas AG1,3		4,378,340		1,366,731
Kering SA1		1,585,028		1,094,401
Galaxy Entertainment Group Ltd.1,3		119,898,000		1,084,398
Prosus NV1		9,120,700		1,016,870
Evolution Gaming Group AB1		6,177,043		909,855
Delivery Hero SE1,3		6,934,618		898,724
EssilorLuxottica1		4,348,263		708,182
Hermès International1		589,444		652,681
Melco Resorts & Entertainment Ltd. (ADR)3,4		28,553,503		568,500
Just Eat Takeaway (GBP denominated)1,3		4,949,069		456,440
Just Eat Takeaway (EUR denominated)1,3		444,923		41,125
ASOS PLC1,3,4		6,488,205		495,206
Naspers Ltd., Class N1		1,842,829		441,935
Entain PLC1,3		20,229,551		423,504
Midea Group Co., Ltd., Class A1		33,084,008		415,254
Meituan, Class B1,3		10,388,162		400,196
JD.com, Inc., Class A1,3		9,320,800		392,426
Barratt Developments PLC1		37,683,453		388,103
Persimmon PLC1		8,762,434		355,287
Maruti Suzuki India Ltd.1		3,331,600		313,194
Taylor Wimpey PLC1		107,751,010		268,173
Moncler SpA1,3		4,573,777		262,734
Li Ning Co. Ltd.1		38,821,000		253,618
Stellantis NV1		14,210,659		251,280
Industria de Diseño Textil, SA1		7,481,533		246,614
THG PLC1,3		28,270,813		243,033
Nitori Holdings Co., Ltd.1		1,192,100		231,352
H & M Hennes & Mauritz AB, Class B1,3		9,623,623		216,418
Cie. Financière Richemont SA, Class A1		1,848,366		177,491
B2W - Cia. Digital, ordinary nominative3		14,913,500		160,961
Gree Electric Appliances, Inc. of Zhuhai, Class A1		15,920,340		152,345
Wynn Macau, Ltd.1		70,333,200		137,078
China Tourism Group Duty Free Corp. Ltd., Class A1		2,859,434		134,124
JD Health International Inc.1,2,3		7,983,250		115,383
B&M European Value Retail SA1		13,989,254		101,806
Booking Holdings Inc.3		42,450		98,902
Fast Retailing Co., Ltd.1		107,600		86,098
Melco International Development Ltd.1		39,263,000		80,289
Pan Pacific International Holdings Corp.1		3,373,900		79,686
Yum China Holdings, Inc.		1,269,608		75,174
Ocado Group PLC1,3		2,655,919		74,523
Astra International Tbk PT1		171,037,600		62,415
Lojas Americanas SA, ordinary nominative		15,303,273		56,551
Bandai Namco Holdings Inc.1		690,453		49,364
IDP Education Ltd.1		1,806,219		32,907
XPeng Inc., Class A (ADR)2,3		861,849		31,466
Trip.com Group Ltd. (ADR)3		295,441		11,708
				28,523,170
Health care 10.72%
Daiichi Sankyo Company, Ltd.1,4		109,177,500		3,191,241
WuXi Biologics (Cayman) Inc.1,3		166,617,751		2,101,718
Chugai Pharmaceutical Co., Ltd.1		42,792,800		1,741,566
Olympus Corp.1		56,291,000		1,167,722
M3, Inc.1		14,983,651		1,029,972
AstraZeneca PLC1		7,921,361		789,917
CSL Ltd.1		3,712,347		748,090
Teva Pharmaceutical Industries Ltd. (ADR)3,4		56,065,972		647,001
WuXi AppTec Co., Ltd., Class A1		25,976,084		557,755
WuXi AppTec Co., Ltd., Class H1,3		789,000		15,605
Novo Nordisk A/S, Class B1		8,182,772		552,598
Novartis AG1		6,122,893		523,035
Notre Dame Intermédica Participações SA4		31,667,619		465,845
HOYA Corp.1		3,720,351		438,186
Grifols, SA, Class A, non-registered shares1		14,231,024		372,551
Grifols, SA, Class B (ADR)		3,503,236		60,571
Lonza Group AG1		757,318		423,241

8 EuroPacific Growth Fund

Common stocks (continued)	Shares		Value (000)
Health care (continued)
Sartorius Stedim Biotech SA1		1,024,422	$	421,893
Fresenius SE & Co. KGaA1		9,406,161		418,974
BeiGene, Ltd. (ADR)3		1,194,796		415,885
Zai Lab Ltd.1,3		1,558,888		207,940
Zai Lab Ltd. (ADR)3		1,513,150		201,899
Sonova Holding AG1,3		1,238,875		328,191
Aier Eye Hospital Group Co., Ltd., Class A1		35,574,334		322,733
bioMérieux SA1		2,450,862		312,428
Koninklijke Philips NV (EUR denominated)1,3		5,097,071		291,010
Hikma Pharmaceuticals PLC1		9,168,417		287,608
Coloplast A/S, Class B1		1,735,452		261,272
Asahi Intecc Co., Ltd.1		9,355,000		258,339
Shionogi & Co., Ltd.1		4,025,402		217,132
Argenx SE (ADR)3		654,098		180,132
Siemens Healthineers AG1		3,055,000		165,393
Hypera SA, ordinary nominative		28,584,628		162,662
Genmab A/S1,3		492,131		161,746
Alcon Inc.1,3		2,265,941		158,651
Rede D’Or Sao Luiz SA		12,855,900		148,255
Alibaba Health Information Technology Ltd.1,3		50,380,000		143,409
Merck KGaA1		836,457		143,021
Ping An Healthcare and Technology Co. Ltd., Class H1,2,3		10,874,100		137,131
Yunnan Baiyao Group Co., Ltd., Class A1		5,768,015		106,224
CRISPR Therapeutics AG3		474,264		57,789
AbCellera Biologics Inc.2,3		904,582		30,720
Amplifon SpA1,3		785,249		29,274
Jiangsu Hengrui Medicine Co., Ltd., Class A1		643,000		9,056
GW Pharmaceuticals PLC (ADR)3		41,253		8,948
Hutchison China MediTech Ltd. (ADR)3		170,989		4,830
Galapagos NV1,3		55,431		4,299
Ambu AS, Class B, non-registered shares1		69,637		3,271
NMC Health PLC1,3,5		3,099,779		43
				20,426,772
Industrials 9.43%
Airbus SE, non-registered shares1,3		26,064,019		2,952,153
Recruit Holdings Co., Ltd.1		28,946,324		1,420,470
Safran SA1,3		10,180,546		1,385,888
Melrose Industries PLC1,3,4		399,255,229		918,926
DSV Panalpina A/S1		4,570,448		896,237
Ryanair Holdings PLC (ADR)3		7,352,562		845,545
Ryanair Holdings PLC1,3		2,061,291		39,969
Kingspan Group PLC1		7,480,183		634,159
MTU Aero Engines AG1		2,478,592		583,367
Rentokil Initial PLC1,3		82,819,082		553,181
Knorr-Bremse AG, non-registered shares1		4,388,376		547,371
Nidec Corp.1		4,359,900		532,585
SMC Corp.1		866,682		505,668
Nihon M&A Center Inc.1,4		18,134,782		492,414
ASSA ABLOY AB, Class B1		16,171,960		464,410
Country Garden Services Holdings Co., Ltd.1		45,053,478		459,501
Airports of Thailand PCL, foreign registered1		180,566,700		399,712
AB Volvo, Class B1,3		12,690,798		321,105
Techtronic Industries Co. Ltd.1		17,633,000		303,114
Rolls-Royce Holdings PLC1,3		203,911,122		296,190
NIBE Industrier AB, Class B1		9,351,621		290,036
Spirax-Sarco Engineering PLC1		1,794,674		282,112
International Consolidated Airlines Group SA (CDI)1,3		100,949,884		276,164
InPost SA1,3		14,055,716		230,201
Adecco Group AG1		3,333,784		224,525
Wizz Air Holdings PLC1,3		3,103,786		206,394
ABB Ltd.1,2		6,668,215		202,812
Epiroc AB, Class B1		8,318,569		173,336
Epiroc AB, Class A1		490,889		11,120
ZTO Express (Cayman) Inc., Class A (ADR)		5,970,051		174,027
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A1		52,173,363		164,506
DCC PLC1		1,826,684		158,444
CCR SA, ordinary nominative		68,492,635		157,218

EuroPacific Growth Fund 9

Common stocks (continued)	Shares		Value (000)
Industrials (continued)
Experian PLC1		4,527,969	$	155,981
Rumo SA3		35,849,900		128,976
Komatsu Ltd.1		3,333,500		102,987
Shanghai International Airport Co., Ltd., Class A1		9,449,349		83,574
TFI International Inc.		978,983		73,189
IMCD NV1		505,800		70,299
Canadian National Railway Company (CAD denominated)		563,559		65,401
Brenntag SE1		645,210		55,083
Lifco AB, Class B1		494,618		45,947
RELX PLC1		1,600,554		40,153
VAT Group AG1		132,219		37,059
Beijer Ref AB, Class B1		58,011		2,550
				17,964,059
Materials 6.85%
Vale SA, ordinary nominative (ADR)		159,866,127		2,778,474
Vale SA, ordinary nominative		101,032,872		1,758,537
Sika AG1		6,607,024		1,887,246
Shin-Etsu Chemical Co., Ltd.1		6,664,600		1,126,088
Koninklijke DSM NV1		6,281,052		1,062,825
First Quantum Minerals Ltd.4		54,533,404		1,039,289
Rio Tinto PLC1		10,842,439		829,467
Linde PLC		1,469,669		411,713
Linde PLC (EUR denominated)1		1,186,555		332,322
HeidelbergCement AG1		3,955,743		359,273
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A1		33,556,423		262,552
CCL Industries Inc., Class B, nonvoting shares		3,832,850		212,031
CRH PLC1		4,040,060		189,516
Givaudan SA1		40,170		154,785
BASF SE1		1,814,513		150,707
Akzo Nobel NV1		1,012,107		113,106
Lundin Mining Corp.		10,063,929		103,546
Barrick Gold Corp. (CAD denominated)		5,184,917		102,857
BHP Group PLC1		2,386,981		68,915
Asian Paints Ltd.1		1,801,530		62,630
Chr. Hansen Holding A/S1,3		272,480		24,757
Gerdau SA (ADR)		1,665,156		8,892
				13,039,528
Communication services 6.47%
Sea Ltd., Class A (ADR)3		15,648,816		3,493,285
Tencent Holdings Ltd.1		19,939,712		1,571,987
SoftBank Group Corp.1		15,642,552		1,326,284
Bilibili Inc., Class Z (ADR)3		6,582,443		704,716
Bilibili Inc., Class Z1,2,3		3,926,920		418,247
Z Holdings Corp.1		142,556,983		711,779
Kuaishou Technology, Class B1,3,5,6		22,646,700		629,229
Kuaishou Technology, Class B1,2,3		1,254,500		43,569
Cellnex Telecom, SA, non-registered shares1,2		8,783,945		505,828
Nintendo Co., Ltd.1		785,800		439,849
Square Enix Holdings Co., Ltd.1,4		7,354,500		409,233
Bharti Airtel Ltd.1		55,104,598		390,422
Yandex NV, Class A3		5,443,298		348,698
Ubisoft Entertainment SA1,3		3,710,776		282,377
SoftBank Corp.1		21,096,600		274,554
Koninklijke KPN NV1		56,989,308		193,758
Vivendi SA1		5,709,718		187,520
América Móvil, SAB de CV, Series L (ADR)		7,691,024		104,444
América Móvil, SAB de CV, Series L		18,821,401		12,855
Nexon Co., Ltd.1		3,425,900		111,395
Scout24 AG1		1,227,406		93,132
Playtika Holding Corp.3		2,812,041		76,516
				12,329,677

10 EuroPacific Growth Fund

Common stocks (continued)	Shares		Value (000)
Energy 5.01%
Reliance Industries Ltd.1		169,146,582	$	4,649,157
Reliance Industries Ltd., interim shares1		10,027,005		150,036
Canadian Natural Resources, Ltd. (CAD denominated)2,4		71,335,093		2,205,274
Cenovus Energy Inc.		74,267,222		557,876
Neste Oyj1		10,266,576		544,548
Royal Dutch Shell PLC, Class B1		28,146,060		517,691
Total SE1,2		7,474,522		348,117
Gazprom PJSC (ADR)1		43,461,539		259,320
TC Energy Corp. (CAD denominated)2		3,585,529		164,369
Tourmaline Oil Corp.2		4,035,863		76,819
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR)		4,140,254		35,109
Rosneft Oil Company PJSC (GDR)1		4,436,143		33,513
				9,541,829
Consumer staples 4.37%
Kweichow Moutai Co., Ltd., Class A1		6,948,704		2,135,774
Nestlé SA1		12,257,121		1,366,121
British American Tobacco PLC1		15,335,276		586,561
Danone SA1		8,228,554		564,597
Reckitt Benckiser Group PLC1		4,688,537		420,050
Anheuser-Busch InBev SA/NV1		5,332,275		336,176
Philip Morris International Inc.		3,565,640		316,415
Pernod Ricard SA1		1,631,124		306,197
Treasury Wine Estates Ltd.1		32,583,442		256,734
Avenue Supermarts Ltd.1,3		5,944,337		232,789
Shiseido Company, Ltd.1		3,062,779		206,323
Foshan Haitian Flavouring and Food Co. Ltd., Class A1		6,359,990		155,424
Inner Mongolia Yili Industrial Group Co., Ltd., Class A1		25,154,672		153,989
Associated British Foods PLC1,3		4,463,514		148,652
Heineken NV1		1,413,591		145,268
Carlsberg A/S, Class B1		894,807		137,632
Unilever PLC (GBP denominated)1		2,182,583		121,802
CP All PCL, foreign registered1		53,162,700		117,943
Fomento Económico Mexicano, SAB de CV		13,765,300		103,774
Godrej Consumer Products Ltd.1,3		10,323,995		103,159
Chocoladefabriken Lindt & Sprüngli AG1		1,029		94,173
JBS SA, ordinary nominative		17,332,696		93,243
L’Oréal SA, non-registered shares1		175,980		67,453
Dabur India Ltd.1		7,882,000		58,307
Kirin Holdings Company, Ltd.1		2,177,667		41,754
Uni-Charm Corp.1		623,064		26,113
COSMOS Pharmaceutical Corp.1		142,000		22,179
				8,318,602
Utilities 2.93%
Ørsted AS1		9,314,236		1,506,903
ENN Energy Holdings Ltd.1,4		76,848,300		1,234,500
Enel SpA1		117,256,901		1,171,573
China Gas Holdings Ltd.1		218,440,000		894,852
China Resources Gas Group Ltd.1		72,154,000		401,137
Engie SA1,3		18,280,827		259,582
Iberdrola, S.A., non-registered shares1,3		8,555,943		110,308
				5,578,855
Real estate 0.67%
Ayala Land, Inc.1		355,291,287		251,430
KE Holdings Inc., Class A (ADR)3		4,111,837		234,292
Longfor Group Holdings Ltd.1		32,014,648		213,176
Shimao Group Holdings Ltd.1		64,761,500		203,882
Goodman Logistics (HK) Ltd. REIT1		14,491,923		199,642
ESR Cayman Ltd.1,3		28,881,600		94,943
Sunac Services Holdings Ltd.1,3		22,575,000		71,766
CK Asset Holdings Ltd.1		1,794,500		10,908
Shimao Services Holdings Ltd.1,3		1,061,958		2,349
				1,282,388
Total common stocks (cost: $100,045,081,000)				177,095,361

EuroPacific Growth Fund 11

Preferred securities 2.09%	Shares		Value (000)
Health care 0.71%
Sartorius AG, nonvoting preferred, non-registered shares1		2,245,059	$	1,119,474
Grifols, SA, Class B, nonvoting preferred, non-registered shares1		13,305,903		229,432
				1,348,906
Energy 0.69%
Petróleo Brasileiro SA (Petrobras), preferred nominative		159,582,618		683,280
Petróleo Brasileiro SA (Petrobras), preferred nominative (ADR)		74,301,214		634,532
				1,317,812
Consumer discretionary 0.51%
Volkswagen AG, nonvoting preferred shares1		3,513,979		982,028
Information technology 0.09%
Samsung Electronics Co., Ltd., nonvoting preferred shares1		2,590,928		167,628
Materials 0.08%
Gerdau SA, preferred nominative shares		26,891,299		144,378
Industrials 0.01%
Azul SA, preferred nominative shares3		3,313,800		22,284
Real estate 0.00%
Ayala Land, Inc., preferred shares1,3,5		481,283,600		—	7
Total preferred securities (cost: $2,502,082,000)				3,983,036
Rights & warrants 0.11%
Health care 0.11%
WuXi AppTec Co., Ltd., Class A, warrants, expire 20211,3,6		8,561,420		183,830
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20211,3,6		3,589,186		32,562
				216,392
Consumer discretionary 0.00%
Cie. Financière Richemont SA, Class A, warrants, expire 20233		3,628,641		1,382
Total rights & warrants (cost: $110,917,000)				217,774
Bonds, notes & other debt instruments 0.05%	Principal amount (000)
U.S. Treasury bonds & notes 0.05%
U.S. Treasury 0.05%
U.S. Treasury 2.625% 2021	$	100,000		101,817
Total bonds, notes & other debt instruments (cost: $101,776,000)				101,817
Short-term securities 4.94%	Shares
Money market investments 4.72%
Capital Group Central Cash Fund 0.08%4,8		89,934,307		8,994,330
Money market investments purchased from securities lending collateral 0.22%
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%8,9		117,200,000		117,200
BlackRock Liquidity Funds – FedFund, Institutional Shares 0.01%8,9		113,000,000		113,000
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%8,9		49,653,169		49,653
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.04%8,9		41,800,000		41,800

12 EuroPacific Growth Fund

Short-term securities (continued)	Shares		Value (000)
Money market investments purchased from securities lending collateral (continued)
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 0.03%8,9		37,600,000	$	37,600
Fidelity Investments Money Market Government Portfolio, Class I 0.01%8,9		33,400,000		33,400
Capital Group Central Cash Fund 0.08%4,8,9		181,640		18,166
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 0.03%8,9		4,600,000		4,600
				415,419
Total short-term securities (cost: $9,408,745,000)				9,409,749
Total investment securities 100.16% (cost: $112,168,601,000)				190,807,737
Other assets less liabilities (0.16)%				(311,364	)
Net assets 100.00%			$	190,496,373

Investments in affiliates⁴

										Net
	Value of						Net			unrealized		Value of
	affiliates at						realized			appreciation		affiliates at		Dividend
	4/1/2020		Additions		Reductions		gain (loss)			(depreciation)		3/31/2021		income
	(000)		(000)		(000)		(000)			(000)		(000)		(000)
Common stocks 10.52%
Information technology 1.11%
PagSeguro Digital Ltd., Class A3	$	507,948	$	188,225	$	69,034	$	1,882		$	717,125	$	1,346,146	$	—
Edenred SA1		568,951		58,892		3,665		656			143,654		768,488		10,297
Halma PLC1,10		534,058		—		138,748		40,430			151,868		—		4,473
													2,114,634
Financials 0.23%
Commerzbank AG, non-registered shares1,3		217,823		60,596		1,129		132			162,940		440,362		—
B3 SA - Brasil, Bolsa, Balcao10		633,558		104,231		314,588		90,607			228,145		—		42,323
													440,362
Consumer discretionary 3.61%
MercadoLibre, Inc.3		2,007,570		88,714		1,937,487		1,207,732			2,511,889		3,878,418		—
Flutter Entertainment PLC1,3		458,413		43,414		2,809		1,711			656,666		1,157,395		—
Flutter Entertainment PLC (CDI)1,3		109,544		707,450		716,312		240,737			445,186		786,605		—
Melco Resorts & Entertainment Ltd. (ADR)3		404,561		35,981		103,192		(56,826	)		287,976		568,500		—
ASOS PLC1,3		80,572		50,682		1,057		722			364,287		495,206		—
Entain PLC1,3,10,11		321,321		242,771		630,831		171,921			318,322		—		—
Just Eat Takeaway (EUR denominated)1,3,10		237,563		50,222		339,257		84,067			8,530		—		—
Just Eat Takeaway (GBP denominated)1,3,10		496,082		801,454		983,218		76,606			65,516		—		—
Ryohin Keikaku Co., Ltd.1,3,10		203,217		—		204,031		(189,444	)		190,258		—		—
Stars Group Inc.3,10		471,348		—		554,503		—			83,155		—		—
													6,886,124
Health care 2.26%
Daiichi Sankyo Company, Ltd.1		2,709,731		65,885		370,449		154,329			631,745		3,191,241		28,503
Teva Pharmaceutical Industries Ltd. (ADR)3		504,937		—		1,788		426			143,426		647,001		—
Notre Dame Intermédica Participações SA		325,423		14,982		86,603		(32,563	)		244,606		465,845		8
Hikma Pharmaceuticals PLC1,10		365,512		—		148,908		22,477			48,527		—		4,749
Hypera SA, ordinary nominative10		191,798		70,259		87,566		(60,638	)		48,809		—		5,937
NMC Health PLC1,3,5,10		8,290		—		599		(313,192	)		305,544		—		—
WuXi AppTec Co., Ltd., Class H1,3,10		—		10,970		21		7			4,649		—		—
WuXi Biologics (Cayman) Inc.1,3,10		161,104		1,023,114		677,622		377,381			1,217,741		—		—
													4,304,087

EuroPacific Growth Fund 13

Investments in affiliates⁴ (continued)

													Net
	Value of									Net			unrealized			Value of
	affiliates at									realized			appreciation			affiliates at		Dividend
	4/1/2020		Additions				Reductions			gain (loss)			(depreciation)			3/31/2021		income
	(000)		(000)				(000)			(000)			(000)			(000)		(000)
Industrials 0.74%
Melrose Industries PLC1,3	$	438,676	$	28,536		$		2,024		$	609		$	453,129		$	918,926	$	—
Nihon M&A Center Inc.1		—		526,083				448			80			(33,301	)		492,414		1,179
MTU Aero Engines AG1,10		432,886		—				61,328			(46,873	)		258,682			—		118
																	1,411,340
Materials 0.55%
First Quantum Minerals Ltd.		271,293		155,249				86,033			(25,915	)		724,695			1,039,289		400
Communication services 0.21%
Square Enix Holdings Co., Ltd.1		—		392,046				946			219			17,914			409,233		3,777
Altice Europe NV, Class A1,3,10		260,811		122,007				519,934			164,077			(26,961	)		—		—
Altice Europe NV, Class B1,3,10		57,068		—				137,401			(34,899	)		115,232			—		—
																	409,233
Energy 1.16%
Canadian Natural Resources, Ltd. (CAD denominated)2		789,684		408,922				29,969			(21,360	)		1,057,997			2,205,274		83,834
Cenovus Energy Inc.10		93,143		91,502				1,132			564			373,799			—		1,038
																	2,205,274
Consumer staples 0.00%
KOSÉ Corp.1,3,10		523,331		—				486,963			(152,486	)		116,118			—		—
Utilities 0.65%
ENN Energy Holdings Ltd.1		709,198		43,476				2,923			1,733			483,016			1,234,500		15,889
China Resources Gas Group Ltd.1,10		635,653		2,553				265,693			6,515			22,109			—		13,334
																	1,234,500
Total common stocks																	20,044,843
Short-term securities 4.73%
Money market investments 4.72%
Capital Group Central Cash Fund 0.08%8		11,404,067		21,815,415				24,222,192			812			(3,772	)		8,994,330		16,956
Money market investments purchased from securities lending collateral 0.01%
Capital Group Central Cash Fund 0.08%8,9		—		—	12			—	12		—	12		—	12		18,166		—	12
Total short-term securities																	9,012,496
Total 15.25%										$	1,712,236		$	12,539,221		$	29,057,339	$	232,815

1	Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $145,543,903,000, which represented 76.40% of the net assets of the fund. This amount includes $144,698,239,000 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	All or a portion of this security was on loan. The total value of all such securities was $869,524,000, which represented .46% of the net assets of the fund. Refer to Note 5 for more information on securities lending.
3	Security did not produce income during the last 12 months.
4	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.
5	Value determined using significant unobservable inputs.
6	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 $845,621,000, which represented .44% of the net assets of the fund.
7	Amount less than one thousand.
8	Rate represents the seven-day yield at 3/31/2021.
9	Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.
10	Unaffiliated issuer at 3/31/2021.
11	This security changed its name during the reporting period.
12	Information not shown for money market investments purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

14 EuroPacific Growth Fund

Key to abbreviations

ADR = American Depositary Receipts

CAD = Canadian dollars

CDI = CREST Depository Interest

EUR = Euros

GBP = British pounds

GDR = Global Depositary Receipts

See notes to financial statements.

EuroPacific Growth Fund 15

Financial statements

Statement of assets and liabilities at March 31, 2021
		(dollars in thousands)
Assets:
Investment securities, at value (includes $869,524 of investment securities on loan):
Unaffiliated issuers (cost: $90,986,684)	$	161,750,398
Affiliated issuers (cost: $21,181,917)		29,057,339	$	190,807,737
Cash				23,581
Cash denominated in currencies other than U.S. dollars (cost: $17,785)				17,782
Receivables for:
Sales of investments		768,054
Sales of fund’s shares		289,090
Dividends and interest		366,883
Securities lending income		186
Other		1		1,424,214
				192,273,314
Liabilities:
Collateral for securities on loan				415,419
Payables for:
Purchases of investments		291,709
Repurchases of fund’s shares		417,800
Investment advisory services		66,815
Services provided by related parties		21,027
Trustees’ deferred compensation		5,401
U.S. and non-U.S. taxes		536,065
Other		22,705		1,361,522
Net assets at March 31, 2021			$	190,496,373
Net assets consist of:
Capital paid in on shares of beneficial interest			$	104,210,231
Total distributable earnings				86,286,142
Net assets at March 31, 2021			$	190,496,373

See notes to financial statements.

16 EuroPacific Growth Fund

Statement of assets and liabilities
at March 31, 2021 (continued)

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

Shares of beneficial interest issued and outstanding (no stated par value) — unlimited shares authorized (2,766,665 total shares outstanding)
			Shares			Net asset value
	Net assets		outstanding			per share
Class A	$	27,945,056		405,121		$	68.98
Class C		705,887		10,573			66.76
Class T		14		—	*		69.04
Class F-1		2,438,811		35,516			68.67
Class F-2		26,750,729		388,644			68.83
Class F-3		19,700,057		285,256			69.06
Class 529-A		1,735,519		25,491			68.08
Class 529-C		83,455		1,265			66.00
Class 529-E		66,586		989			67.36
Class 529-T		16		—	*		69.01
Class 529-F-1		12		—	*		68.03
Class 529-F-2		207,610		3,011			68.94
Class 529-F-3		12		—	*		68.89
Class R-1		182,175		2,779			65.57
Class R-2		731,117		11,048			66.17
Class R-2E		104,858		1,543			67.96
Class R-3		2,838,296		42,152			67.33
Class R-4		6,256,065		92,700			67.49
Class R-5E		2,241,316		32,736			68.47
Class R-5		7,032,422		102,040			68.92
Class R-6		91,476,360		1,325,801			69.00

* Amount less than one thousand.

See notes to financial statements.

EuroPacific Growth Fund 17

Financial statements (continued)

Statement of operations for the year ended March 31, 2021
		(dollars in thousands)
Investment income:
Income:
Dividends (net of non-U.S. taxes of $186,575; also includes $232,815 from affiliates)	$	2,258,197
Interest		121,237
Securities lending income (net of fees)		7,590		$	2,387,024
Fees and expenses*:
Investment advisory services		700,415
Distribution services		115,995
Transfer agent services		84,291
Administrative services		50,922
Reports to shareholders		3,423
Registration statement and prospectus		1,433
Trustees’ compensation		2,136
Auditing and legal		1,390
Custodian		24,950
Other		1,330
Total fees and expenses before reimbursement		986,285
Less reimbursement of fees and expenses:
Transfer agent services reimbursement		—	†
Total fees and expenses after reimbursement					986,285
Net investment income					1,400,739
Net realized gain and unrealized appreciation:
Net realized gain (loss) on:
Investments:
Unaffiliated issuers		8,800,405
Affiliated issuers		1,712,236
In-kind redemptions		231,838
Currency transactions		(62,512	)		10,681,967
Net unrealized appreciation (depreciation) on:
Investments (net of non-U.S. taxes of $470,324):
Unaffiliated issuers		50,787,836
Affiliated issuers		12,539,221
Currency translations		(10,540	)		63,316,517
Net realized gain and unrealized appreciation					73,998,484
Net increase in net assets resulting from operations				$	75,399,223

*	Additional information related to class-specific fees and expenses is included in the notes to financial statements.
†	Amount less than one thousand.

See notes to financial statements.

18 EuroPacific Growth Fund

Financial statements (continued)

Statements of changes in net assets

(dollars in thousands)

	Year ended March 31,
	2021			2020
Operations:
Net investment income	$	1,400,739		$	1,981,315
Net realized gain		10,681,967			3,085,446
Net unrealized appreciation (depreciation)		63,316,517			(24,111,444	)
Net increase (decrease) in net assets resulting from operations		75,399,223			(19,044,683	)
Distributions paid to shareholders		(644,876	)		(5,069,935	)
Net capital share transactions		(14,580,544	)		(2,068,413	)
Total increase (decrease) in net assets		60,173,803			(26,183,031	)
Net assets:
Beginning of year		130,322,570			156,505,601
End of year	$	190,496,373		$	130,322,570

See notes to financial statements.

EuroPacific Growth Fund 19

Notes to financial statements

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 21 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), seven 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T, 529-F-1, 529-F-2 and 529-F-3) 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% for Class A; up to 3.50% for Class 529-A1	None (except 1% for certain redemptions within 18 months of purchase without an initial sales charge)	None
Classes C and 529-C	None	1% for redemptions within one year of purchase	Class C converts to Class A after eight years and Class 529-C converts to Class 529-A after five years2
Class 529-E	None	None	None
Classes T and 529-T3	Up to 2.50%	None	None
Classes F-1, F-2, F-3, 529-F-1, 529-F-2 and 529-F-3	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	Prior to June 30, 2020, the initial sales charge was up to 5.75% for Class 529-A purchases.
2	Prior to June 30, 2020, Class C converted to Class F-1 and Class 529-C converted to Class 529-A after ten years.
3	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.

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.

20 EuroPacific Growth Fund

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.

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 per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.

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 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.

EuroPacific Growth Fund 21

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.

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 March 31, 2021 (dollars in thousands):

	Investment securities
	Level 1		Level 2		Level 3			Total
Assets:
Common stocks:
Information technology	$	7,044,650	$	24,006,098	$	—		$	31,050,748
Financials		3,568,165		25,471,568		—			29,039,733
Consumer discretionary		4,881,680		23,641,490		—			28,523,170
Health care		2,384,537		18,042,192		43			20,426,772
Industrials		1,444,356		16,519,703		—			17,964,059
Materials		6,415,339		6,624,189		—			13,039,528
Communication services		4,740,514		6,959,934		629,229			12,329,677
Energy		3,039,447		6,502,382		—			9,541,829
Consumer staples		513,432		7,805,170		—			8,318,602
Utilities		—		5,578,855		—			5,578,855
Real estate		234,292		1,048,096		—			1,282,388
Preferred securities		1,484,474		2,498,562		—	*		3,983,036
Rights & warrants		1,382		216,392		—			217,774
Bonds, notes & other debt instruments		—		101,817		—			101,817
Short-term securities		9,409,749		—		—			9,409,749
Total	$	45,162,017	$	145,016,448	$	629,272		$	190,807,737

* Amount less than one thousand.

22 EuroPacific Growth Fund

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, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, 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, investigations or other controversies 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 and auditing practices and standards and different regulatory, legal and reporting requirements, 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 tend to have less developed political, economic and legal systems and accounting and auditing practices and standards than those in developed countries. Accordingly, the governments of these countries may be less stable and more likely to intervene in the market economy, for example, by imposing capital controls, nationalizing a company or industry, placing restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or imposing punitive taxes that could adversely affect the prices of securities. Information regarding issuers in emerging markets may be limited, incomplete or inaccurate, and there may be fewer rights and remedies available to the fund and its shareholders. In addition, the economies of these countries may be dependent on relatively few industries any may be more susceptible to changes in local and global trade conditions and downturns in the world economy. 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.

EuroPacific Growth Fund 23

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 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 March 31, 2021, the total value of securities on loan was $869,524,000, and the total value of collateral received was $966,941,000. Collateral received includes cash of $415,419,000 and U.S. government securities of $551,522,000. Investment securities purchased from cash collateral are disclosed in the investment portfolio as short-term securities. Securities received as collateral 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 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 year ended March 31, 2021, 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.

The fund’s tax returns are generally 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 typically three years after the date of filing but can be extended in certain jurisdictions.

24 EuroPacific Growth Fund

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. During the year ended March 31, 2021, the fund recognized $384,133,000 in reclaims (net of fees and the effect of realized gain or loss from currency translations) and $117,822,000 in interest related to European court rulings, which is included in dividend income and interest income, respectively, in the fund’s statement of operations. 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 determined on a tax basis 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. and cost of investments sold. 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 fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

During the year ended March 31, 2021, the fund reclassified $448,073,000 from total distributable earnings to capital paid in on shares of beneficial interest to align financial reporting with tax reporting.

As of March 31, 2021, the tax basis components of distributable earnings, unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

Undistributed ordinary income	$	193,800
Undistributed long-term capital gains		8,068,441
Gross unrealized appreciation on investments		80,699,008
Gross unrealized depreciation on investments		2,519,839
Net unrealized appreciation on investments		78,179,169
Cost of investments		112,628,568

Distributions paid were characterized for tax purposes as follows (dollars in thousands):

	Year ended March 31, 2021								Year ended March 31, 2020
						Total									Total
	Ordinary			Long-term		distributions			Ordinary			Long-term			distributions
Share class	income			capital gains		paid			income			capital gains			paid
Class A	$	49,608		$	—	$	49,608		$	261,015		$	438,500		$	699,515
Class C		—			—		—	*		3,469			16,160			19,629
Class T		—	*		—		—	*		—	*		—	*		—	*
Class F-1		4,193			—		4,193			30,972			53,340			84,312
Class F-2		90,941			—		90,941			320,054			436,534			756,588
Class F-3		78,548			—		78,548			207,100			264,488			471,588
Class 529-A		2,981			—		2,981			14,393			24,982			39,375
Class 529-C		—			—		—	*		788			3,631			4,419
Class 529-E		16			—		16			487			1,071			1,558
Class 529-T		—	*		—		—	*		—	*		—	*		—	*
Class 529-F-1		—	*		—		—	*		1,957			2,787			4,744
Class 529-F-2†		627			—		627
Class 529-F-3†		—	*		—		—	*
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		11,634			—		11,634			80,355			133,603			213,958
Class R-5E		6,935			—		6,935			22,920			32,062			54,982
Class R-5		29,864			—		29,864			106,341			138,184			244,525
Class R-6		369,529			—		369,529			1,045,181			1,322,667			2,367,848
Total	$	644,876		$	—	$	644,876		$	2,125,203		$	2,944,732		$	5,069,935

*	Amount less than one thousand.
†	Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020.

EuroPacific Growth Fund 25

Financial highlights (continued)

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 year ended March 31, 2021, the investment advisory services fee was $700,415,000, which was equivalent to an annualized rate of 0.413% 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, 529-F-2, 529-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 billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of March 31, 2021, 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. For the year ended March 31, 2021, CRMC reimbursed transfer agent services fees of less than $1,000 for Class 529-F-3 shares. CRMC does not intend to recoup this reimbursement.

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 average 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 the average daily net assets attributable to each share class of the fund for CRMC’s provision of administrative services.

26 EuroPacific Growth Fund

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.

For the year ended March 31, 2021, 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		$60,643			$31,216			$7,526		Not applicable
Class C		6,919			829			211		Not applicable
Class T		—			—	*		—	*	Not applicable
Class F-1		6,207			3,323			750		Not applicable
Class F-2		Not applicable			25,832			7,097		Not applicable
Class F-3		Not applicable			345			5,017		Not applicable
Class 529-A		3,468			1,546			457		$930
Class 529-C		1,023			124			32		66
Class 529-E		290			36			18		36
Class 529-T		—			—	*		—	*	—	*
Class 529-F-1		—	*		98			28		57
Class 529-F-2†		Not applicable			76			25		51
Class 529-F-3†		Not applicable			—	*		—	*	—	*
Class R-1		1,756			197			53		Not applicable
Class R-2		5,111			2,325			204		Not applicable
Class R-2E		576			200			29		Not applicable
Class R-3		14,161			4,344			850		Not applicable
Class R-4		15,841			6,399			1,901		Not applicable
Class R-5E		Not applicable			3,288			666		Not applicable
Class R-5		Not applicable			3,332			2,123		Not applicable
Class R-6		Not applicable			781			23,935		Not applicable
Total class-specific expenses		$115,995			$84,291			$50,922		$1,140

*	Amount less than one thousand.
†	Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020.

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 $2,136,000 in the fund’s statement of operations reflects $814,000 in current fees (either paid in cash or deferred) and a net increase of $1,322,000 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.

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 year ended March 31, 2021, the fund engaged in such purchase and sale transactions with related funds in the amounts of $1,271,837,000 and $2,331,374,000, respectively, which generated $241,987,000 of net realized gains from such sales.

EuroPacific Growth Fund 27

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 year ended March 31, 2021.

8. Indemnifications

The fund’s organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund’s maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund’s board members and officers.

9. Capital share transactions

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

	Sales1					Reinvestments of distributions						Repurchases1						Net (decrease) increase
Share class	Amount		Shares			Amount			Shares			Amount			Shares			Amount			Shares
Year ended March 31, 2021
Class A	$	1,722,526		28,666		$	48,380			707		$	(3,917,308	)		(66,522	)	$	(2,146,402	)		(37,149	)
Class C		66,533		1,116			—			—			(340,847	)		(6,120	)		(274,314	)		(5,004	)
Class T		—		—			—			—			—			—			—			—
Class F-1		295,026		5,178			4,046			59			(1,279,542	)		(22,339	)		(980,470	)		(17,102	)
Class F-2		4,908,480		83,347			86,588			1,269			(7,287,401	)		(128,725	)		(2,292,333	)		(44,109	)
Class F-3		4,097,555		68,592			68,596			1,002			(3,940,056	)		(68,150	)		226,095			1,444
Class 529-A		228,433		3,944			2,979			44			(248,538	)		(4,236	)		(17,126	)		(248	)
Class 529-C		12,640		221			—			—			(136,357	)		(2,522	)		(123,717	)		(2,301	)
Class 529-E		6,803		111			16			—	2		(12,853	)		(222	)		(6,034	)		(111	)
Class 529-T		—		—			—	2		—	2		—			—			—	2		—	2
Class 529-F-1		14,739		277			—	2		—	2		(182,816	)		(3,243	)		(168,077	)		(2,966	)
Class 529-F-23		187,641		3,212			627			9			(14,367	)		(210	)		173,901			3,011
Class 529-F-33		10		—	2		—	2		—	2		—			—			10			—	2
Class R-1		15,727		275			—			—			(56,177	)		(994	)		(40,450	)		(719	)
Class R-2		114,089		1,971			—			—			(216,030	)		(3,764	)		(101,941	)		(1,793	)
Class R-2E		20,416		340			—			—			(34,750	)		(599	)		(14,334	)		(259	)
Class R-3		374,200		6,498			—			—			(1,225,713	)		(21,176	)		(851,513	)		(14,678	)
Class R-4		899,600		15,674			11,631			174			(2,853,854	)		(48,258	)		(1,942,623	)		(32,410	)
Class R-5E		461,175		7,664			6,935			102			(983,173	)		(15,821	)		(515,063	)		(8,055	)
Class R-5		952,596		16,254			29,745			436			(2,949,307	)		(48,453	)		(1,966,966	)		(31,763	)
Class R-6		13,816,701		226,384			368,202			5,385			(17,724,090	)		(301,887	)		(3,539,187	)		(70,118	)
Total net increase (decrease)	$	28,194,890		469,724		$	627,745			9,187		$	(43,403,179	)		(743,241	)	$	(14,580,544	)		(264,330	)

See end of table for footnotes.

28 EuroPacific Growth Fund

	Sales1				Reinvestments of distributions						Repurchases1						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		—		—		—	2		—	2		—			—			—	2		—	2
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	)

1	Includes exchanges between share classes of the fund.
2	Amount less than one thousand.
3	Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020.

10. Investment transactions

The fund made purchases and sales of investment securities, excluding short-term securities and U.S. government obligations, if any, of $51,336,680,000 and $62,843,235,000, respectively, during the year ended March 31, 2021.

EuroPacific Growth Fund 29

Financial highlights

			Income (loss) from investment operations1									Dividends and distributions
Period ended	Net asset value, beginning of period		Net investment income (loss)			Net gains (losses) on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of period		Total return2,3			Net assets, end of period (in millions)			Ratio of expenses to average net assets before reimburse- ments4			Ratio of expenses to average net assets after reimburse- ments3,4			Ratio of net income (loss) to average net assets3
Class A:
3/31/2021	$	43.13	$	.34		$	25.63		$	25.97		$	(.12	)	$	—		$	(.12	)	$	68.98		60.22	%	$	27,945			.83	%		.83	%		.58	%
3/31/2020		50.99		.53			(6.84	)		(6.31	)		(.58	)		(.97	)		(1.55	)		43.13		(13.03	)		19,075			.84			.84			1.02
3/31/2019		56.66		.71			(3.52	)		(2.81	)		(.62	)		(2.24	)		(2.86	)		50.99		(4.97	)		24,704			.83			.83			1.37
3/31/2018		49.30		.47			9.51			9.98			(.49	)		(2.13	)		(2.62	)		56.66		20.74			29,067			.82			.82			.86
3/31/2017		44.28		.44			5.14			5.58			(.56	)		—			(.56	)		49.30		12.72			25,678			.85			.85			.95
Class C:
3/31/2021		41.98		(.09	)		24.87			24.78			—			—			—			66.76		59.03			706			1.56			1.56			(.15	)
3/31/2020		49.70		.15			(6.69	)		(6.54	)		(.21	)		(.97	)		(1.18	)		41.98		(13.68	)		654			1.58			1.58			.30
3/31/2019		55.32		.31			(3.41	)		(3.10	)		(.28	)		(2.24	)		(2.52	)		49.70		(5.70	)		1,015			1.60			1.60			.62
3/31/2018		48.19		.04			9.29			9.33			(.07	)		(2.13	)		(2.20	)		55.32		19.82			1,350			1.60			1.60			.08
3/31/2017		43.25		.08			5.02			5.10			(.16	)		—			(.16	)		48.19		11.82			1,240			1.63			1.63			.17
Class T:
3/31/2021		43.13		.49			25.65			26.14			(.23	)		—			(.23	)		69.04		60.61	5		—	6		.58	5		.58	5		.82	5
3/31/2020		50.99		.65			(6.82	)		(6.17	)		(.72	)		(.97	)		(1.69	)		43.13		(12.82	)5		—	6		.59	5		.59	5		1.25	5
3/31/2019		56.69		.83			(3.54	)		(2.71	)		(.75	)		(2.24	)		(2.99	)		50.99		(4.76	)5		—	6		.59	5		.59	5		1.60	5
3/31/20187,8		49.19		.58			9.63			10.21			(.58	)		(2.13	)		(2.71	)		56.69		21.27	5,9		—	6		.60	5,10		.60	5,10		1.07	5,10
Class F-1:
3/31/2021		42.93		.33			25.51			25.84			(.10	)		—			(.10	)		68.67		60.21			2,439			.84			.84			.56
3/31/2020		50.75		.53			(6.82	)		(6.29	)		(.56	)		(.97	)		(1.53	)		42.93		(13.05	)		2,259			.85			.85			1.02
3/31/2019		56.40		.74			(3.57	)		(2.83	)		(.58	)		(2.24	)		(2.82	)		50.75		(5.01	)		3,232			.87			.87			1.43
3/31/2018		49.08		.45			9.46			9.91			(.46	)		(2.13	)		(2.59	)		56.40		20.69			4,385			.86			.86			.83
3/31/2017		44.08		.43			5.11			5.54			(.54	)		—			(.54	)		49.08		12.69			4,179			.87			.87			.93
Class F-2:
3/31/2021		43.00		.50			25.56			26.06			(.23	)		—			(.23	)		68.83		60.61			26,751			.57			.57			.83
3/31/2020		50.83		.66			(6.81	)		(6.15	)		(.71	)		(.97	)		(1.68	)		43.00		(12.80	)		18,607			.59			.59			1.27
3/31/2019		56.52		.82			(3.52	)		(2.70	)		(.75	)		(2.24	)		(2.99	)		50.83		(4.75	)		24,585			.59			.59			1.58
3/31/2018		49.17		.61			9.48			10.09			(.61	)		(2.13	)		(2.74	)		56.52		21.05			25,826			.59			.59			1.11
3/31/2017		44.19		.55			5.12			5.67			(.69	)		—			(.69	)		49.17		12.99			22,949			.60			.60			1.19
Class F-3:
3/31/2021		43.12		.56			25.66			26.22			(.28	)		—			(.28	)		69.06		60.78			19,700			.46			.46			.94
3/31/2020		50.98		.70			(6.82	)		(6.12	)		(.77	)		(.97	)		(1.74	)		43.12		(12.70	)		12,239			.47			.47			1.34
3/31/2019		56.68		.82			(3.48	)		(2.66	)		(.80	)		(2.24	)		(3.04	)		50.98		(4.65	)		11,993			.49			.49			1.60
3/31/2018		49.32		.59			9.58			10.17			(.68	)		(2.13	)		(2.81	)		56.68		21.15			9,473			.49			.49			1.06
3/31/20177,11		47.46		.24			1.62			1.86			—			—			—			49.32		3.92	9		1,162			.09	9		.09	9		.50	9
Class 529-A:
3/31/2021		42.58		.32			25.30			25.62			(.12	)		—			(.12	)		68.08		60.16			1,736			.85			.85			.55
3/31/2020		50.35		.51			(6.75	)		(6.24	)		(.56	)		(.97	)		(1.53	)		42.58		(13.05	)		1,096			.87			.87			.98
3/31/2019		56.00		.67			(3.49	)		(2.82	)		(.59	)		(2.24	)		(2.83	)		50.35		(5.04	)		1,376			.89			.89			1.31
3/31/2018		48.77		.44			9.40			9.84			(.48	)		(2.13	)		(2.61	)		56.00		20.71			1,525			.87			.87			.81
3/31/2017		43.82		.41			5.09			5.50			(.55	)		—			(.55	)		48.77		12.65			1,172			.90			.90			.90

See end of table for footnotes.

30 EuroPacific Growth Fund

Financial highlights (continued)

			Income (loss) from investment operations1									Dividends and distributions
Period ended	Net asset value, beginning of period		Net investment income (loss)			Net gains (losses) on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of period		Total return2,3			Net assets,   end of period (in millions)			Ratio of expenses to average net assets before reimburse- ments4			Ratio of expenses to average net assets after reimburse- ments3,4			Ratio of net income (loss) to average net assets3
Class 529-C:
3/31/2021	$	41.51	$	(.08	)	$	24.57		$	24.49		$	—		$	—		$	—		$	66.00		59.00	%	$	83			1.60	%		1.60	%		(.15	)%
3/31/2020		49.18		.13			(6.62	)		(6.49	)		(.21	)		(.97	)		(1.18	)		41.51		(13.72	)		148			1.61			1.61			.26
3/31/2019		54.79		.29			(3.38	)		(3.09	)		(.28	)		(2.24	)		(2.52	)		49.18		(5.72	)		219			1.64			1.64			.59
3/31/2018		47.73		.01			9.21			9.22			(.03	)		(2.13	)		(2.16	)		54.79		19.76			278			1.65			1.65			.03
3/31/2017		42.90		.05			4.97			5.02			(.19	)		—			(.19	)		47.73		11.76			343			1.68			1.68			.12
Class 529-E:
3/31/2021		42.15		.19			25.04			25.23			(.02	)		—			(.02	)		67.36		59.81			67			1.07			1.07			.34
3/31/2020		49.87		.39			(6.70	)		(6.31	)		(.44	)		(.97	)		(1.41	)		42.15		(13.24	)		46			1.09			1.09			.77
3/31/2019		55.50		.55			(3.44	)		(2.89	)		(.50	)		(2.24	)		(2.74	)		49.87		(5.24	)		60			1.11			1.11			1.09
3/31/2018		48.35		.31			9.31			9.62			(.34	)		(2.13	)		(2.47	)		55.50		20.41			71			1.11			1.11			.57
3/31/2017		43.45		.30			5.04			5.34			(.44	)		—			(.44	)		48.35		12.39			60			1.13			1.13			.66
Class 529-T:
3/31/2021		43.12		.46			25.64			26.10			(.21	)		—			(.21	)		69.01		60.54	5		—	6		.63	5		.63	5		.77	5
3/31/2020		50.98		.63			(6.83	)		(6.20	)		(.69	)		(.97	)		(1.66	)		43.12		(12.87	)5		—	6		.64	5		.64	5		1.19	5
3/31/2019		56.68		.79			(3.53	)		(2.74	)		(.72	)		(2.24	)		(2.96	)		50.98		(4.82	)5		—	6		.65	5		.65	5		1.52	5
3/31/20187,8		49.19		.56			9.62			10.18			(.56	)		(2.13	)		(2.69	)		56.68		21.22	5,9		—	6		.64	5,10		.64	5,10		1.03	5,10
Class 529-F-1:
3/31/2021		42.54		.56			25.20			25.76			(.27	)		—			(.27	)		68.03		60.52	5		—	6		.63	5		.63	5		1.07	5
3/31/2020		50.32		.62			(6.75	)		(6.13	)		(.68	)		(.97	)		(1.65	)		42.54		(12.86	)		126			.64			.64			1.20
3/31/2019		55.99		.76			(3.47	)		(2.71	)		(.72	)		(2.24	)		(2.96	)		50.32		(4.81	)		145			.66			.66			1.50
3/31/2018		48.74		.56			9.40			9.96			(.58	)		(2.13	)		(2.71	)		55.99		20.96			134			.65			.65			1.02
3/31/2017		43.81		.51			5.07			5.58			(.65	)		—			(.65	)		48.74		12.88			102			.68			.68			1.11
Class 529-F-2:
3/31/20217,12		57.39		.13			11.63			11.76			(.21	)		—			(.21	)		68.94		20.50	9		208			.25	9		.25	9		.19	9
Class 529-F-3:
3/31/20217,12		57.39		.16			11.62			11.78			(.28	)		—			(.28	)		68.89		20.54	9		—	6		.27	9		.22	9		.23	9
Class R-1:
3/31/2021		41.23		(.09	)		24.43			24.34			—			—			—			65.57		59.03			182			1.57			1.57			(.16	)
3/31/2020		48.86		.14			(6.56	)		(6.42	)		(.24	)		(.97	)		(1.21	)		41.23		(13.68	)		144			1.58			1.58			.29
3/31/2019		54.46		.31			(3.37	)		(3.06	)		(.30	)		(2.24	)		(2.54	)		48.86		(5.71	)		209			1.60			1.60			.61
3/31/2018		47.49		.05			9.14			9.19			(.09	)		(2.13	)		(2.22	)		54.46		19.82			263			1.60			1.60			.09
3/31/2017		42.69		.08			4.96			5.04			(.24	)		—			(.24	)		47.49		11.86			247			1.61			1.61			.19

See end of table for footnotes.

EuroPacific Growth Fund 31

Financial highlights (continued)

			Income (loss) from investment operations1									Dividends and distributions
Period ended	Net asset value, beginning of period		Net investment income (loss)			Net gains (losses) on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of period		Total return2,3			Net assets, end of period (in millions)		Ratio of expenses to average net assets before reimburse- ments4			Ratio of expenses to average net assets after reimburse- ments3,4			Ratio of net income (loss) to average net assets3
Class R-2:
3/31/2021	$	41.60	$	(.08	)	$	24.65		$	24.57		$	—		$	—		$	—		$	66.17		59.03	%	$	731		1.55	%		1.55	%		(.14	)%
3/31/2020		49.30		.14			(6.61	)		(6.47	)		(.26	)		(.97	)		(1.23	)		41.60		(13.65	)		534		1.57			1.57			.28
3/31/2019		54.93		.31			(3.39	)		(3.08	)		(.31	)		(2.24	)		(2.55	)		49.30		(5.71	)		690		1.60			1.60			.61
3/31/2018		47.88		.06			9.21			9.27			(.09	)		(2.13	)		(2.22	)		54.93		19.84			818		1.58			1.58			.11
3/31/2017		43.01		.09			5.00			5.09			(.22	)		—			(.22	)		47.88		11.88			767		1.60			1.60			.20
Class R-2E:
3/31/2021		42.60		.08			25.28			25.36			—			—			—			67.96		59.50			105		1.27			1.27			.14
3/31/2020		50.42		.29			(6.76	)		(6.47	)		(.38	)		(.97	)		(1.35	)		42.60		(13.40	)		77		1.28			1.28			.56
3/31/2019		55.76		.77			(3.74	)		(2.97	)		(.13	)		(2.24	)		(2.37	)		50.42		(5.46	)		89		1.31			1.31			1.47
3/31/2018		48.59		.20			9.38			9.58			(.28	)		(2.13	)		(2.41	)		55.76		20.19			254		1.29			1.29			.38
3/31/2017		43.79		.18			5.14			5.32			(.52	)		—			(.52	)		48.59		12.25			189		1.28			1.28			.40
Class R-3:
3/31/2021		42.15		.17			25.01			25.18			—			—			—			67.33		59.74			2,838		1.12			1.12			.29
3/31/2020		49.86		.38			(6.70	)		(6.32	)		(.42	)		(.97	)		(1.39	)		42.15		(13.28	)		2,395		1.13			1.13			.75
3/31/2019		55.48		.55			(3.45	)		(2.90	)		(.48	)		(2.24	)		(2.72	)		49.86		(5.26	)		3,446		1.14			1.14			1.08
3/31/2018		48.32		.30			9.31			9.61			(.32	)		(2.13	)		(2.45	)		55.48		20.36			4,631		1.14			1.14			.56
3/31/2017		43.40		.30			5.04			5.34			(.42	)		—			(.42	)		48.32		12.40			4,505		1.14			1.14			.66
Class R-4:
3/31/2021		42.19		.34			25.08			25.42			(.12	)		—			(.12	)		67.49		60.24			6,256		.81			.81			.60
3/31/2020		49.91		.54			(6.71	)		(6.17	)		(.58	)		(.97	)		(1.55	)		42.19		(13.03	)		5,278		.82			.82			1.04
3/31/2019		55.52		.69			(3.46	)		(2.77	)		(.60	)		(2.24	)		(2.84	)		49.91		(4.99	)		7,715		.84			.84			1.37
3/31/2018		48.35		.46			9.32			9.78			(.48	)		(2.13	)		(2.61	)		55.52		20.76			10,278		.83			.83			.85
3/31/2017		43.45		.43			5.03			5.46			(.56	)		—			(.56	)		48.35		12.70			9,854		.85			.85			.96
Class R-5E:
3/31/2021		42.77		.47			25.44			25.91			(.21	)		—			(.21	)		68.47		60.54			2,241		.61			.61			.81
3/31/2020		50.58		.62			(6.76	)		(6.14	)		(.70	)		(.97	)		(1.67	)		42.77		(12.82	)		1,745		.62			.62			1.20
3/31/2019		56.29		.62			(3.33	)		(2.71	)		(.76	)		(2.24	)		(3.00	)		50.58		(4.78	)		1,511		.63			.63			1.24
3/31/2018		49.02		.59			9.45			10.04			(.64	)		(2.13	)		(2.77	)		56.29		21.01			603		.62			.62			1.06
3/31/2017		44.14		.53			5.09			5.62			(.74	)		—			(.74	)		49.02		12.89			9		.62			.62			1.14
Class R-5:
3/31/2021		43.04		.53			25.61			26.14			(.26	)		—			(.26	)		68.92		60.74			7,032		.51			.51			.90
3/31/2020		50.88		.70			(6.82	)		(6.12	)		(.75	)		(.97	)		(1.72	)		43.04		(12.75	)		5,759		.52			.52			1.33
3/31/2019		56.57		.89			(3.57	)		(2.68	)		(.77	)		(2.24	)		(3.01	)		50.88		(4.71	)		7,283		.54			.54			1.72
3/31/2018		49.22		.64			9.48			10.12			(.64	)		(2.13	)		(2.77	)		56.57		21.09			8,944		.53			.53			1.16
3/31/2017		44.22		.58			5.13			5.71			(.71	)		—			(.71	)		49.22		13.07			8,721		.54			.54			1.27
Class R-6:
3/31/2021		43.08		.56			25.64			26.20			(.28	)		—			(.28	)		69.00		60.78			91,476		.46			.46			.94
3/31/2020		50.93		.71			(6.82	)		(6.11	)		(.77	)		(.97	)		(1.74	)		43.08		(12.70	)		60,141		.47			.47			1.36
3/31/2019		56.63		.86			(3.52	)		(2.66	)		(.80	)		(2.24	)		(3.04	)		50.93		(4.66	)		68,234		.49			.49			1.68
3/31/2018		49.27		.65			9.51			10.16			(.67	)		(2.13	)		(2.80	)		56.63		21.17			68,770		.49			.49			1.18
3/31/2017		44.27		.60			5.14			5.74			(.74	)		—			(.74	)		49.27		13.10			51,100		.50			.50			1.30

	Year ended March 31,
	2021			2020			2019			2018			2017
Portfolio turnover rate for all share classes13		32	%		38	%		35	%		29	%		36	%

See end of table for footnotes.

32 EuroPacific Growth Fund

Financial highlights (continued)

1	Based on average shares outstanding.
2	Total returns exclude any applicable sales charges, including contingent deferred sales charges.
3	This column reflects the impact, if any, of certain reimbursements from CRMC. During one of the years shown, CRMC reimbursed a portion of transfer agent services fees for certain share classes.
4	Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds.
5	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.
6	Amount less than $1 million.
7	Based on operations for a period that is less than a full year.
8	Class T and 529-T shares began investment operations on April 7, 2017.
9	Not annualized.
10	Annualized.
11	Class F-3 shares began investment operations on January 27, 2017.
12	Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020.
13	Rates do not include the fund’s portfolio activity with respect to any Central Funds.

See notes to financial statements.

EuroPacific Growth Fund 33

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees of EuroPacific Growth Fund:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of EuroPacific Growth Fund (the “Fund”), including the investment portfolio, as of March 31, 2021, the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of March 31, 2021, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of March 31, 2021, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

Deloitte & Touche LLP

Costa Mesa, California
May 12, 2021

We have served as the auditor of one or more American Funds investment companies since 1956.

34 EuroPacific Growth Fund

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 (October 1, 2020, through March 31, 2021).

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, 529-F-1, 529-F-2 and 529-F-3 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.

EuroPacific Growth Fund 35

Expense example (continued)

	Beginning account value 10/1/2020		Ending account value 3/31/2021		Expenses paid during period*		Annualized expense ratio
Class A – actual return	$	1,000.00	$	1,192.18	$	4.48		.82	%
Class A – assumed 5% return		1,000.00		1,020.84		4.13		.82
Class C – actual return		1,000.00		1,187.66		8.45		1.55
Class C – assumed 5% return		1,000.00		1,017.20		7.80		1.55
Class T – actual return		1,000.00		1,193.49		3.17		.58
Class T – assumed 5% return		1,000.00		1,022.04		2.92		.58
Class F-1 – actual return		1,000.00		1,192.18		4.59		.84
Class F-1 – assumed 5% return		1,000.00		1,020.74		4.23		.84
Class F-2 – actual return		1,000.00		1,193.65		3.12		.57
Class F-2 – assumed 5% return		1,000.00		1,022.09		2.87		.57
Class F-3 – actual return		1,000.00		1,194.39		2.52		.46
Class F-3 – assumed 5% return		1,000.00		1,022.64		2.32		.46
Class 529-A – actual return		1,000.00		1,192.01		4.59		.84
Class 529-A – assumed 5% return		1,000.00		1,020.74		4.23		.84
Class 529-C – actual return		1,000.00		1,187.67		8.56		1.57
Class 529-C – assumed 5% return		1,000.00		1,017.10		7.90		1.57
Class 529-E – actual return		1,000.00		1,190.59		5.84		1.07
Class 529-E – assumed 5% return		1,000.00		1,019.60		5.39		1.07
Class 529-T – actual return		1,000.00		1,193.25		3.44		.63
Class 529-T – assumed 5% return		1,000.00		1,021.79		3.18		.63
Class 529-F-1 – actual return		1,000.00		1,193.45		3.28		.60
Class 529-F-1 – assumed 5% return		1,000.00		1,021.94		3.02		.60
Class 529-F-2 – actual return†		1,000.00		1,193.35		2.77		.61
Class 529-F-2 – assumed 5% return†		1,000.00		1,021.89		3.07		.61
Class 529-F-3 – actual return†		1,000.00		1,193.86		2.36		.52
Class 529-F-3 – assumed 5% return†		1,000.00		1,022.34		2.62		.52
Class R-1 – actual return		1,000.00		1,187.87		8.56		1.57
Class R-1 – assumed 5% return		1,000.00		1,017.10		7.90		1.57
Class R-2 – actual return		1,000.00		1,187.75		8.45		1.55
Class R-2 – assumed 5% return		1,000.00		1,017.20		7.80		1.55
Class R-2E – actual return		1,000.00		1,189.57		6.93		1.27
Class R-2E – assumed 5% return		1,000.00		1,018.60		6.39		1.27
Class R-3 – actual return		1,000.00		1,190.39		6.12		1.12
Class R-3 – assumed 5% return		1,000.00		1,019.35		5.64		1.12
Class R-4 – actual return		1,000.00		1,192.41		4.43		.81
Class R-4 – assumed 5% return		1,000.00		1,020.89		4.08		.81
Class R-5E – actual return		1,000.00		1,193.43		3.34		.61
Class R-5E – assumed 5% return		1,000.00		1,021.89		3.07		.61
Class R-5 – actual return		1,000.00		1,194.04		2.79		.51
Class R-5 – assumed 5% return		1,000.00		1,022.39		2.57		.51
Class R-6 – actual return		1,000.00		1,194.32		2.52		.46
Class R-6 – assumed 5% return		1,000.00		1,022.64		2.32		.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).
†	The period for the “annualized expense ratio” and “actual return” line is based on the number of days since the share class began investment operations on October 30, 2020. The “assumed 5% return” line is based on 182 days.

36 EuroPacific Growth Fund

Tax information unaudited

We are required to advise you of the federal tax status of certain distributions received by shareholders during the fiscal year. The fund hereby designates the following amounts for the fund’s fiscal year ended March 31, 2021:

Foreign source income	$0.78 per share
Qualified dividend income	100%
Section 163(j) interest dividends	$69,214,000
Corporate dividends received deduction	$19,596,000
U.S. government income that may be exempt from state taxation	$4,622,000

Individual shareholders should refer to their Form 1099 or other tax information, which was mailed in January 2021, to determine the calendar year amounts to be included on their 2021 tax returns. Shareholders should consult their tax advisors.

EuroPacific Growth Fund 37

Approval of Investment Advisory and Service Agreement

The fund’s board has approved the continuation of the fund’s Investment Advisory and Service Agreement (the “agreement”) with Capital Research and Management Company (“CRMC”) for an additional one-year term through January 31, 2022. The board approved the agreement following the recommendation of the fund’s Contracts Committee (the “committee”), which is composed of all the fund’s independent board members. The board and the committee determined in the exercise of their business judgment that the fund’s advisory fee structure was fair and reasonable in relation to the services provided, and that approving the agreement was in the best interests of the fund and its shareholders.

In reaching this decision, the board and the committee took into account their interaction with CRMC as well as information furnished to them throughout the year and otherwise provided to them, as well as information prepared specifically in connection with their review of the agreement, and were advised by their independent counsel with respect to the matters considered. They considered the following factors, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor, and each board and committee member did not necessarily attribute the same weight to each factor.

1. Nature, extent and quality of services

The board and the committee considered the depth and quality of CRMC’s investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of CRMC and the Capital Group organization; the resources and systems CRMC devotes to investment management (the manner in which the fund’s assets are managed, including liquidity management), financial, investment operations, compliance, trading, proxy voting, shareholder communications, and other services; and the ongoing evolution of CRMC’s organizational structure designed to maintain and strengthen these qualities. The board and the committee also considered the nature, extent and quality of administrative and shareholder services provided by CRMC to the fund under the agreement and other agreements, as well as the benefits to fund shareholders from investing in a fund that is part of a large family of funds. The board considered the risks assumed by CRMC in providing services to the fund, including operational, business, financial, reputational, regulatory and litigation risks. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.

2. Investment results

The board and the committee considered the investment results of the fund in light of its objective. They compared the fund’s investment results with those of other funds (including funds that currently form the basis of the Lipper index for the category in which the fund is included), and data such as relevant market and fund indexes over various periods (including the fund’s lifetime) through June 30, 2020. They generally placed greater emphasis on longer term periods. On the basis of this evaluation and the Board’s and the committee’s ongoing review of investment results, and considering the relative market conditions during certain reporting periods, the board and the committee concluded that the fund’s investment results have been satisfactory for renewal of the agreement, and that CRMC’s record in managing the fund indicated that its continued management should benefit the fund and its shareholders.

3. Advisory fees and total expenses

The board and the committee compared the advisory fees and total expense levels of the fund to those of other relevant funds. They observed that the fund’s advisory fees and expenses are competitive with those of other similar funds included in the comparable Lipper category. The board and the committee also considered the breakpoint discounts in the fund’s advisory fee structure that reduce the level of fees charged by CRMC to the fund as fund assets increase. In addition, they reviewed information regarding the effective advisory fees charged to non-mutual fund clients by CRMC and its affiliates. They noted that, to the extent there were differences between the advisory fees paid by the fund and the advisory fees paid by those clients, the differences appropriately reflected the investment, operational, regulatory and market differences between advising the fund and the other clients. The board and the committee concluded that the fund’s cost structure was fair and reasonable in relation to the services provided, as well as the risks assumed by the adviser, and that the fund’s shareholders receive reasonable value in return for the advisory fees and other amounts paid to CRMC by the fund.

38 EuroPacific Growth Fund

4. Ancillary benefits

The board and the committee considered a variety of other benefits that CRMC and its affiliates receive as a result of CRMC’s relationship with the fund and other American Funds, including fees for administrative services provided to certain share classes; fees paid to CRMC’s affiliated transfer agent; sales charges and distribution fees received and retained by the fund’s principal underwriter, an affiliate of CRMC; and possible ancillary benefits to CRMC and its institutional management affiliates in managing other investment vehicles. The board and the committee reviewed CRMC’s portfolio trading practices, noting that through December 31, 2018, CRMC benefited from research obtained with commissions from portfolio transactions made on behalf of the fund, and since that time has undertaken to bear the cost of obtaining such research. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of the advisory fees and other amounts paid to CRMC by the fund.

5. Adviser financial information

The board and the committee reviewed information regarding CRMC’s costs of providing services to the American Funds, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC’s costs and related cost allocation methodology as well as its track record of investing in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments, and attract and retain qualified personnel. They noted information regarding the compensation structure for CRMC’s investment professionals. They reviewed information on the profitability of the investment adviser and its affiliates. The board and the committee also compared CRMC’s profitability and compensation data to the reported results and data of several large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC’s long-term profitability for maintaining its independence, company culture and management continuity. They further considered the breakpoint discounts in the fund’s advisory fee structure and CRMC’s sharing of potential economies of scale, or efficiencies, through breakpoints and other fee reductions and costs voluntarily absorbed. The board and the committee concluded that the fund’s advisory fee structure reflected a reasonable sharing of benefits between CRMC and the fund’s shareholders.

EuroPacific Growth Fund 39

Liquidity Risk Management Program

The fund has adopted a liquidity risk management program (the “program”). The fund’s board has designated Capital Research and Management Company (“CRMC”) as the administrator of the program. Personnel of CRMC or its affiliates conduct the day-to-day operation of the program pursuant to policies and procedures administered by the Capital Group Liquidity Risk Management Committee.

Under the program, CRMC manages the fund’s liquidity risk, which is the risk that the fund could not meet shareholder redemption requests without significant dilution of remaining shareholders’ interests in the fund. This risk is managed by monitoring the degree of liquidity of the fund’s investments, limiting the amount of the fund’s illiquid investments, and utilizing various risk management tools and facilities available to the fund for meeting shareholder redemptions, among other means. CRMC’s process of determining the degree of liquidity of the fund’s investments is supported by one or more third-party liquidity assessment vendors.

The fund’s board reviewed a report prepared by CRMC regarding the operation and effectiveness of the program for the period October 1, 2019, through September 30, 2020. No significant liquidity events impacting the fund were noted in the report. In addition, CRMC provided its assessment that the program had been effective in managing the fund’s liquidity risk.

40 EuroPacific Growth Fund

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EuroPacific Growth Fund 41

Board of trustees and other officers

Independent trustees¹

Name and year of birth	Year first elected a trustee of the fund2	Principal occupation(s) during past five years	Number of portfolios in fund complex overseen by trustee3	Other directorships4 held by trustee
Vanessa C. L. Chang, 1952	2005	Former Director, EL & EL Investments (real estate)	16	Edison International/ Southern California Edison; Sykes Enterprises; Transocean Ltd.
Pablo R. González Guajardo, 1967	2014	CEO, Kimberly-Clark de México, SAB de CV	16	América Móvil, SAB de CV; Grupo Lala, SAB de CV; Grupo Sanborns, SAB de CV; Kimberly-Clark de México, SAB de CV
Martin E. Koehler, 1957	2015	Independent management consultant	3	None
Pascal Millaire, 1983	2019	CEO and Director, CyberCube Analytics, Inc. (cyber risk software for insurers); former Vice President and General Manager, Symantec Corporation (cybersecurity company)	3	None
William I. Miller, 1956 Chairman of the Board (Independent and Non-Executive)	1992	President, The Wallace Foundation	3	Cummins, Inc.
Josette Sheeran, 1954	2015	Executive Chair, The McCain Institute; President Emeritus and former CEO, Asia Society; former United Nations Special Envoy for Haiti	7	Canoo Inc.
Christopher E. Stone, 1956	2020	Professor of Practice of Public Integrity, University of Oxford, Blavatnik School of Government; former President, Open Society Foundations	9	None
Amy Zegart, PhD, 1967	2019	Senior Fellow, Hoover Institution, Stanford University; Senior Fellow, Freeman Spogli Institute, Stanford University	6	Kratos Defense & Security Solutions

Interested trustees^5,6

Name, year of birth and position with fund	Year first elected a trustee or officer of the fund2	Principal occupation(s) during past five years and positions held with affiliated entities or the principal underwriter of the fund	Number of portfolios in fund complex overseen by trustee3	Other directorships4 held by trustee
Carl M. Kawaja, 1964 Co-President	2003	Partner — Capital World Investors, Capital Research and Management Company; Partner — Capital World Investors, Capital Bank and Trust Company; Chairman and Director, Capital Research and Management Company	3	None
Joanna F. Jonsson, 1963	2019	Partner — Capital World Investors, Capital Research and Management Company; Vice Chair, President and Director, Capital Research and Management Company; Director, The Capital Group Companies, Inc.	3	None

The fund’s statement of additional information includes further details about fund trustees and is available without charge upon request by calling American Funds Service Company at (800) 421-4225 or by visiting the Capital Group website at capitalgroup.com. The address for all trustees and officers of the fund is 333 South Hope Street, Los Angeles, CA 90071, Attention: Secretary.

42 EuroPacific Growth Fund

Other officers⁶

Name, year of birth and position with fund	Year first elected an officer of the fund2	Principal occupation(s) during past five years and positions held with affiliated entities or the principal underwriter of the fund
Gerald Du Manoir, 1966 Co-President	2020	Partner — Capital International Investors, Capital Research and Management Company; Partner — Capital International Investors, Capital Bank and Trust Company; Senior Vice President, Capital International Asset Management (Canada), Inc.; Vice President, Capital Guardian (Canada), Inc.
Christopher Thomsen, 1970 Co-President	2015	Partner — Capital Research Global Investors, Capital Research Company; Director, Capital Research and Management Company
Walt Burkley, 1966 Principal Executive Officer	2012	Senior Vice President and Senior Counsel — Fund Business Management Group, Capital Research and Management Company; Director, Capital Research Company; Director, Capital Research and Management Company
Michael W. Stockton, 1967 Executive Vice President	2013	Senior Vice President — Fund Business Management Group, Capital Research and Management Company
Noriko Honda Chen, 1967 Senior Vice President	2020	Partner — Capital International Investors, Capital Research and Management Company; President and Director, Capital Research Company; Director, The Capital Group Companies, Inc.
Nicholas J. Grace, 1966 Senior Vice President	2004	Partner — Capital Research Global Investors, Capital Research Company;
Jonathan Knowles, PhD, 1961 Senior Vice President	2012	Partner — Capital World Investors, Capital International, Inc.
Lawrence Kymisis, 1970 Senior Vice President	2019	Partner — Capital World Investors, Capital Research Company
Sung Lee, 1966 Senior Vice President	2003	Partner — Capital Research Global Investors, Capital International, Inc.; Director, The Capital Group Companies, Inc.
Jesper Lyckeus, 1967 Senior Vice President	2010	Partner — Capital Research Global Investors, Capital Research Company
Lara Pellini, 1975 Senior Vice President	2015	Partner — Capital World Investors, Capital Research Company; Director, The Capital Group Companies, Inc.
Andrew B. Suzman, 1967 Senior Vice President	2019	Partner — Capital World Investors, Capital Research and Management Company; Partner — Capital World Investors, Capital Bank and Trust Company
Leo Hee, 1971 Vice President	2014	Partner — Capital World Investors, Capital International, Inc.
Jennifer L. Butler, 1966 Secretary	2013	Assistant Vice President — Fund Business Management Group, Capital Research and Management Company
Brian C. Janssen, 1972 Treasurer	2010	Senior Vice President — Investment Operations, Capital Research and Management Company
Michael R. Tom, 1988 Assistant Secretary	2021	Associate — Fund Business Management Group, Capital Research and Management Company
Sandra Chuon, 1972 Assistant Treasurer	2019	Assistant Vice President — Investment Operations, Capital Research and Management Company
Gregory F. Niland, 1971 Assistant Treasurer	2016	Vice President — Investment Operations, Capital Research and Management Company

1	The term independent trustee refers to a trustee who is not an “interested person” of the fund within the meaning of the Investment Company Act of 1940.
2	Trustees and officers of the fund serve until their resignation, removal or retirement.
3	Funds managed by Capital Research and Management Company or its affiliates.
4	This includes all directorships/trusteeships (other than those in the American Funds or other funds managed by Capital Research and Management Company or its affiliates) that are held by each trustee as a trustee or director of a public company or a registered investment company.
5	The term interested trustee refers to a trustee who is an “interested person” within the meaning of the Investment Company Act of 1940, on the basis of their affiliation with the fund’s investment adviser, Capital Research and Management Company, or affiliated entities (including the fund’s principal underwriter).
6	All of the trustees and/or officers listed are officers and/or directors/trustees of one or more of the other funds for which Capital Research and Management Company serves as investment adviser.

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.

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. The list of portfolio holdings is available free of charge on the SEC website and on our website.

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 June 30, 2021, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.

The Standard & Poor’s 500 Composite Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Capital Group. Copyright © 2021 S&P Dow Jones Indices LLC, a division of S&P Global, and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part is prohibited without written permission of S&P Dow Jones Indices LLC.

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 System^SM — 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 27 years of investment industry experience, including 21 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 91% of 10-year periods and 98% 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, 2020.
2	Based on Class F-2 share results for rolling periods through December 31, 2020. 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, 2020. Thirteen of the 17 fixed income American Funds that have been in existence for the three-year period showed a three-year correlation below 0.3. Standard & Poor’s 500 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 66% of the time, based on the 20-year period ended December 31, 2020, 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. Visit 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

The Registrant has adopted a Code of Ethics that applies to its Principal Executive Officer and Principal Financial Officer. The Registrant undertakes to provide to any person without charge, upon request, a copy of the Code of Ethics. Such request can be made by calling 800/421-4225 or to the Secretary of the Registrant, 333 South Hope Street, Los Angeles, California 90071.

ITEM 3 – Audit Committee Financial Expert

The Registrant’s board has determined that Pablo R. González Guajardo, a member of the Registrant’s audit committee, is an “audit committee financial expert” and "independent," as such terms are defined in this Item. This designation will not increase the designee’s duties, obligations or liability as compared to his or her duties, obligations and liability as a member of the audit committee and of the board, nor will it reduce the responsibility of the other audit committee members. There may be other individuals who, through education or experience, would qualify as "audit committee financial experts" if the board had designated them as such. Most importantly, the board believes each member of the audit committee contributes significantly to the effective oversight of the Registrant’s financial statements and condition.

ITEM 4 – Principal Accountant Fees and Services

	EUPAC
Registrant:

a)  Audit Fees:
Audit	2020	134,000
	2021	263,000
b)  Audit-Related Fees:
	2020	28,000
	2021	31,000
c)  Tax Fees:
	2020	70,000
	2021	51,000
	The tax fees consist of professional services relating to the preparation of the Registrant’s tax returns.
d)  All Other Fees:
	2020	None
	2021	None
	Adviser and affiliates (includes only fees for non-audit services billed to the adviser and affiliates for engagements that relate directly to the operations and financial reporting of the Registrant and were subject to the pre-approval policies described below):
a)  Audit Fees:
	Not Applicable
b)  Audit-Related Fees:
	2020	1,671,000
	2021	1,532,000
	The audit-related fees consist of assurance and related services relating to the examination of the Registrant’s transfer agent, principal underwriter and investment adviser conducted in accordance with Statement on Standards for Attestation Engagements Number 18 issued by the American Institute of Certified Public Accountants.
c)  Tax Fees:

	2020	66,000
	2021	19,000
	The tax fees consist of consulting services relating to the Registrant’s investments.
d)  All Other Fees:
	2020	2,000
	2021	2,000
	The other fees consist of subscription services related to an accounting research tool.
	All audit and permissible non-audit services that the Registrant’s audit committee considers compatible with maintaining the independent registered public accounting firm’s independence are required to be pre-approved by the committee.  The pre-approval requirement will extend to all non-audit services provided to the Registrant, the investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant, if the engagement relates directly to the operations and financial reporting of the Registrant. The committee will not delegate its responsibility to pre-approve these services to the investment adviser. The committee may delegate to one or more committee members the authority to review and pre-approve audit and permissible non-audit services.  Actions taken under any such delegation will be reported to the full committee at its next meeting. The pre-approval requirement is waived with respect to non-audit services if certain conditions are met. The pre-approval requirement was not waived for any of the non-audit services listed above provided to the Registrant, adviser and affiliates.

Aggregate non-audit fees paid to the Registrant’s auditors, including fees for all services billed to the Registrant, adviser and affiliates that provide ongoing services to the Registrant, were $1,837,000 for fiscal year 2020 and $1,635,000 for fiscal year 2021. The non-audit services represented by these amounts were brought to the attention of the committee and considered to be compatible with maintaining the auditors’ independence.

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

Not applicable, insofar as the schedule is included as part of the report to shareholders filed under Item 1 of this Form.

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)	The Code of Ethics that is the subject of the disclosure required by Item 2 is attached as an exhibit hereto.
(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,

Principal Executive Officer

Date: May 28, 2021

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,

Principal Executive Officer

Date: May 28, 2021

By ___/s/ Brian C. Janssen__________________

Brian C. Janssen, Treasurer and

Principal Financial Officer

Date: May 28, 2021

EX-99.CODE ETH

Code of Ethics

The following Code of Ethics is in effect for the Registrant:

The Fund has adopted the following standards in accordance with the requirements of Form N-CSR adopted by the Securities and Exchange Commission pursuant to Section 406 of the Sarbanes-Oxley Act of 2002 for the purpose of deterring wrongdoing and promoting: 1) honest and ethical conduct, including handling of actual or apparent conflicts of interest between personal and professional relationships; 2) full, fair, accurate, timely and understandable disclosure in reports and documents that a fund files with or submits to the Commission and in other public communications made by the fund; 3) compliance with applicable governmental laws, rules and regulations; 4) the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and 5) accountability for adherence to the Code.  These provisions shall apply to the principal executive officer or chief executive officer and treasurer (“Covered Officers”) of the Fund.
(1)	It is the responsibility of Covered Officers to foster, by their words and actions, a corporate culture that encourages honest and ethical conduct, including the ethical resolution of, and appropriate disclosure of conflicts of interest.  Covered Officers should work to assure a working environment that is characterized by respect for law and compliance with applicable rules and regulations.
(2)	Each Covered Officer must act in an honest and ethical manner while conducting the affairs of the Fund, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.  Duties of Covered Officers include:
	•	Acting with integrity;
	•	Adhering to a high standard of business ethics; and
	•	Not using personal influence or personal relationships to improperly influence investment decisions or financial reporting whereby the Covered Officer would benefit personally to the detriment of the Fund;
(3)	Each Covered Officer should act to promote full, fair, accurate, timely and understandable disclosure in reports and documents that the Fund files with or submits to, the Securities and Exchange Commission and in other public communications made by the Fund.
	•	Covered Officers should familiarize themselves with disclosure requirements applicable to the Fund and disclosure controls and procedures in place to meet these requirements; and
	•	Covered Officers must not knowingly misrepresent, or cause others to misrepresent facts about the Fund to others, including the Fund’s auditors, independent trustees, governmental regulators and self-regulatory organizations.
(4)	Any existing or potential violations of this Code of Ethics should be reported to The Capital Group Companies’ Personal Investing Committee.  The Personal Investing Committee is authorized to investigate any such violations and report their findings to the Chairman of the Audit Committee of the Fund.  The Chairman of the Audit Committee may report violations of the Code of Ethics to the Board or other appropriate entity including the Audit Committee, if he or she believes such a reporting is appropriate.  The Personal Investing Committee may also determine the appropriate sanction for any violations of this Code of Ethics, including removal from office, provided that removal from office shall only be carried out with the approval of the Board.
(5)	Application of this Code of Ethics is the responsibility of the Personal Investing Committee, which shall report periodically to the Chairman of the Audit Committee of the Fund.
(6)	Material amendments to these provisions must be ratified by a majority vote of the Board.  As required by applicable rules, substantive amendments to the Code of Ethics must be filed or appropriately disclosed.

EX-99.CERT

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: May 28, 2021

_/s/ Walter R. Burkley___________________

Walter R. Burkley,

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: May 28, 2021

___/s/ Brian C. Janssen_______

Brian C. Janssen, Treasurer and

Principal Financial Officer

EuroPacific Growth Fund

EX-99.906 CERT

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, 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 March 31, 2021 (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, Principal Executive Officer	Brian C. Janssen, Treasurer
Date: May 28, 2021	Date: May 28, 2021

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.