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end
Common stocks 94.66% Consumer discretionary 17.53% | Shares | Value (000) |
MercadoLibre, Inc.1,2 | 4,180,589 | $4,121,099 |
Alibaba Group Holding Ltd.2,3 | 134,697,533 | 3,639,898 |
LVMH Moët Hennessy-Louis Vuitton SE3 | 5,606,180 | 2,455,501 |
Flutter Entertainment PLC (GBP denominated)1,3 | 6,798,693 | 891,523 |
Flutter Entertainment PLC (EUR denominated)1,3 | 5,450,332 | 715,427 |
Sony Corp.3 | 22,651,200 | 1,551,184 |
Meituan Dianping, Class B2,3 | 59,832,958 | 1,329,088 |
adidas AG2,3 | 4,780,855 | 1,250,766 |
Just Eat Takeaway (GBP denominated)1,2,3 | 6,590,593 | 690,225 |
Just Eat Takeaway (EUR denominated)1,2,3 | 3,151,312 | 327,907 |
Galaxy Entertainment Group Ltd.3 | 137,941,000 | 936,599 |
Kering SA3 | 1,649,011 | 895,693 |
EssilorLuxottica2,3 | 6,888,983 | 882,957 |
Delivery Hero SE2,3 | 8,138,155 | 829,174 |
Hermès International3 | 630,238 | 526,011 |
Melco Resorts & Entertainment Ltd. (ADR)1 | 32,625,886 | 506,354 |
Industria de Diseño Textil, SA3 | 18,534,026 | 490,026 |
Prosus NV2,3 | 5,191,380 | 481,814 |
GVC Holdings PLC1,3 | 46,288,920 | 424,119 |
Fast Retailing Co., Ltd.3 | 706,800 | 404,683 |
Evolution Gaming Group AB3 | 5,825,520 | 346,953 |
ASOS PLC1,2,3 | 5,980,776 | 253,459 |
Naspers Ltd., Class N3 | 1,232,289 | 224,807 |
Maruti Suzuki India Ltd.3 | 2,794,233 | 217,190 |
Barratt Developments PLC3 | 33,323,000 | 204,406 |
Central Retail Corp. PCL, foreign registered2,3 | 179,357,000 | 192,613 |
Nitori Holdings Co., Ltd.3 | 971,600 | 190,293 |
Persimmon PLC2,3 | 6,080,000 | 171,940 |
Sands China Ltd.3 | 42,654,800 | 166,918 |
B2W - Cia. Digital, ordinary nominative2 | 7,096,000 | 139,686 |
Taylor Wimpey PLC3 | 78,558,400 | 138,592 |
Midea Group Co., Ltd., Class A3 | 14,633,999 | 123,790 |
China Tourism Group Duty Free Corp. Ltd., Class A2,3 | 5,206,934 | 115,075 |
Peugeot SA2,3 | 6,800,000 | 110,382 |
Ferrari NV3 | 630,813 | 107,487 |
Wynn Macau, Ltd.3 | 57,774,800 | 100,370 |
Ryohin Keikaku Co., Ltd.3 | 7,058,300 | 99,891 |
Gree Electric Appliances, Inc. of Zhuhai, Class A3 | 11,618,530 | 93,404 |
Bayerische Motoren Werke AG3 | 1,443,384 | 91,957 |
Yum China Holdings, Inc. | 1,705,100 | 81,964 |
Melco International Development Ltd.3 | 39,377,000 | 76,005 |
Cie. Financière Richemont SA, Class A3 | 1,129,970 | 71,955 |
Pan Pacific International Holdings Corp.3 | 2,556,599 | 56,068 |
Moncler SpA2,3 | 1,315,000 | 50,210 |
Falabella SA | 11,675,000 | 36,955 |
William Hill PLC3 | 18,643,148 | 26,242 |
Lojas Americanas SA, ordinary nominative | 2,573,000 | 12,903 |
Common stocks (continued) Consumer discretionary (continued) | Shares | Value (000) |
Trip.com Group Ltd. (ADR)2 | 296,300 | $7,680 |
Astra International Tbk PT3 | 22,208,300 | 7,467 |
Burberry Group PLC3 | 92,256 | 1,826 |
26,868,536 | ||
Information technology 14.89% | ||
ASML Holding NV3 | 11,589,079 | 4,248,306 |
Shopify Inc., Class A, subordinate voting shares2 | 2,866,300 | 2,720,692 |
Keyence Corp.3 | 6,041,900 | 2,522,628 |
Taiwan Semiconductor Manufacturing Company, Ltd.3 | 180,648,649 | 1,911,632 |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 8,126,216 | 461,325 |
SAP SE3 | 12,573,593 | 1,750,188 |
Samsung Electronics Co., Ltd.3 | 26,066,453 | 1,155,503 |
PagSeguro Digital Ltd., Class A1,2 | 26,877,697 | 949,858 |
STMicroelectronics NV3 | 24,416,718 | 662,382 |
Halma PLC1,3 | 22,478,479 | 640,602 |
Edenred SA1,3,4 | 13,849,943 | 605,060 |
Worldline SA, non-registered shares2,3 | 6,162,508 | 532,421 |
TeamViewer AG2,3 | 9,127,304 | 497,971 |
Adyen NV2,3 | 302,815 | 441,168 |
Nice Ltd. (ADR)2 | 1,899,840 | 359,526 |
Nice Ltd.2,3 | 252,694 | 47,734 |
Temenos AG3,4 | 2,565,397 | 397,755 |
Hexagon AB, Class B2,3 | 6,324,434 | 368,629 |
Tokyo Electron Ltd.3 | 1,492,300 | 366,228 |
Amadeus IT Group SA, Class A, non-registered shares3 | 6,842,800 | 356,050 |
StoneCo Ltd., Class A2 | 7,612,623 | 295,065 |
Capgemini SE3 | 2,423,354 | 277,209 |
Nomura Research Institute, Ltd.3 | 7,352,400 | 200,620 |
OBIC Co., Ltd.3 | 1,042,863 | 183,385 |
Ingenico Group SA2,3 | 1,024,000 | 163,063 |
SimCorp AS3 | 1,175,949 | 126,694 |
Xero Ltd.2,3 | 1,992,837 | 124,100 |
Largan Precision Co., Ltd.3 | 810,000 | 111,779 |
Dassault Systemes SA3 | 639,344 | 110,187 |
NetEase, Inc.3,4 | 5,040,400 | 86,884 |
Hangzhou Hikvision Digital Technology Co., Ltd., Class A3 | 18,959,894 | 81,781 |
Infosys Ltd. (ADR) | 5,286,000 | 51,063 |
TDK Corp.3 | 128,000 | 12,689 |
22,820,177 | ||
Health care 13.76% | ||
Daiichi Sankyo Company, Ltd.1,3 | 39,333,700 | 3,212,252 |
Chugai Pharmaceutical Company, Ltd.3 | 41,284,200 | 2,206,933 |
Novartis AG3 | 17,292,137 | 1,502,525 |
AstraZeneca PLC3 | 13,966,983 | 1,456,011 |
WuXi Biologics (Cayman) Inc.2,3 | 54,349,846 | 995,849 |
WuXi Biologics (Cayman) Inc.2 | 6,099,000 | 107,808 |
CSL Ltd.3 | 3,899,558 | 773,099 |
HOYA Corp.3 | 7,890,851 | 755,667 |
Teva Pharmaceutical Industries Ltd. (ADR)1,2 | 56,229,075 | 693,305 |
Takeda Pharmaceutical Company, Ltd.3 | 19,089,453 | 681,315 |
Alcon Inc.2,3 | 11,807,429 | 676,521 |
Olympus Corp.3 | 33,530,900 | 645,813 |
Fresenius SE & Co. KGaA2,3 | 11,726,344 | 578,822 |
Common stocks (continued) Health care (continued) | Shares | Value (000) |
M3, Inc.3 | 13,114,351 | $557,705 |
Koninklijke Philips NV (EUR denominated)2,3 | 10,434,061 | 485,879 |
Galapagos NV2,3 | 2,146,391 | 421,356 |
Grifols, SA, Class A, non-registered shares3 | 11,435,697 | 346,899 |
Grifols, SA, Class B (ADR) | 3,513,426 | 64,085 |
Aier Eye Hospital Group Co., Ltd., Class A3 | 66,013,099 | 407,113 |
Hikma Pharmaceuticals PLC1,3 | 14,499,283 | 398,528 |
Notre Dame Intermédica Participações SA1 | 31,484,719 | 393,754 |
WuXi AppTec Co., Ltd., Class A3 | 28,051,084 | 383,454 |
Novo Nordisk A/S, Class B3 | 5,805,787 | 375,699 |
Lonza Group AG3 | 699,500 | 368,842 |
Coloplast A/S, Class B3 | 1,815,502 | 281,455 |
Asahi Intecc Co., Ltd.3 | 9,772,200 | 277,680 |
bioMérieux SA2,3 | 1,909,252 | 262,141 |
BeiGene, Ltd. (ADR)2 | 1,093,753 | 206,063 |
Fresenius Medical Care AG & Co. KGaA2,3 | 2,203,725 | 187,885 |
Fisher & Paykel Healthcare Corp. Ltd.3 | 7,935,000 | 183,498 |
Sonova Holding AG2,3 | 888,914 | 177,251 |
Hypera SA, ordinary nominative | 24,984,400 | 152,991 |
Argenx SE (ADR)2 | 656,000 | 147,751 |
Shionogi & Co., Ltd.3 | 2,131,500 | 133,431 |
Genmab A/S2,3 | 348,343 | 116,528 |
Merck KGaA3 | 940,060 | 108,981 |
Yunnan Baiyao Group Co., Ltd., Class A3 | 7,639,855 | 101,361 |
GN Store Nord AS3 | 1,858,445 | 98,955 |
Terumo Corp.3 | 1,870,000 | 70,794 |
GW Pharmaceuticals PLC (ADR)2,4 | 518,362 | 63,613 |
Straumann Holding AG3 | 46,168 | 39,597 |
NMC Health PLC2,3,5 | 3,105,000 | 39 |
21,099,248 | ||
Financials 13.57% | ||
AIA Group Ltd.3 | 392,492,201 | 3,652,952 |
HDFC Bank Ltd.3 | 150,423,422 | 2,144,226 |
HDFC Bank Ltd. (ADR) | 9,553,603 | 434,307 |
Kotak Mahindra Bank Ltd.3 | 98,539,478 | 1,778,240 |
London Stock Exchange Group PLC3 | 10,910,281 | 1,128,601 |
B3 SA - Brasil, Bolsa, Balcao1 | 106,304,300 | 1,076,903 |
Ping An Insurance (Group) Company of China, Ltd., Class H3,4 | 76,203,999 | 761,053 |
Ping An Insurance (Group) Company of China, Ltd., Class A3 | 8,178,157 | 82,623 |
UniCredit SpA2,3 | 78,901,473 | 724,362 |
Sberbank of Russia PJSC (ADR)2,3 | 54,436,716 | 618,450 |
ICICI Bank Ltd.3 | 111,262,904 | 515,755 |
ICICI Bank Ltd. (ADR) | 9,800,077 | 91,043 |
Deutsche Bank AG2,3 | 53,441,066 | 506,727 |
Deutsche Boerse AG3 | 2,730,364 | 493,510 |
Hong Kong Exchanges and Clearing Ltd.3 | 11,213,100 | 477,888 |
BNP Paribas SA2,3 | 10,359,303 | 410,675 |
Barclays PLC3 | 287,465,562 | 406,698 |
FinecoBank SpA2,3 | 29,253,310 | 394,191 |
HDFC Life Insurance Company Ltd.2,3 | 53,674,566 | 390,902 |
Toronto-Dominion Bank (CAD denominated)4 | 8,356,199 | 372,939 |
PICC Property and Casualty Co. Ltd., Class H3 | 446,035,869 | 366,949 |
Brookfield Asset Management Inc., Class A | 10,480,978 | 344,824 |
Axis Bank Ltd.3 | 57,971,711 | 316,054 |
Common stocks (continued) Financials (continued) | Shares | Value (000) |
Zurich Insurance Group AG3 | 856,454 | $301,615 |
Commerzbank AG, non-registered shares2,3 | 59,879,938 | 266,596 |
Housing Development Finance Corp. Ltd.3 | 9,812,000 | 230,151 |
Banco Santander, SA3 | 88,228,146 | 215,145 |
Bank Central Asia Tbk PT3 | 103,987,200 | 207,378 |
Bank Rakyat Indonesia (Persero) Tbk PT3 | 939,316,100 | 200,519 |
Macquarie Group Ltd.3 | 2,260,698 | 186,087 |
The People’s Insurance Company (Group) of China Ltd., Class H3 | 573,739,215 | 168,370 |
3i Group PLC3 | 13,566,000 | 139,720 |
Société Générale2,3 | 8,241,084 | 137,106 |
Capitec Bank Holdings Ltd.3 | 2,606,636 | 128,929 |
Sony Financial Holdings Inc.3 | 5,244,600 | 126,227 |
Turkiye Garanti Bankasi AS2,3 | 95,149,880 | 117,387 |
QBE Insurance Group Ltd.3 | 17,235,000 | 105,954 |
BB Seguridade Participações SA | 19,014,000 | 95,348 |
Banco BPM SpA2,3 | 59,907,284 | 89,203 |
Royal Bank of Canada | 1,241,092 | 84,205 |
ING Groep NV3 | 8,818,056 | 61,258 |
Bajaj Finance Ltd.3 | 1,526,622 | 57,930 |
Hiscox Ltd.3 | 5,459,253 | 53,290 |
Banco Bilbao Vizcaya Argentaria, SA3 | 14,829,850 | 50,939 |
Credicorp Ltd. | 363,000 | 48,522 |
Akbank TAS2,3 | 46,051,146 | 40,833 |
Burford Capital Ltd.3 | 6,488,198 | 37,344 |
Euronext NV3,4 | 337,700 | 33,819 |
IndusInd Bank Ltd.3 | 4,977,000 | 31,365 |
TMX Group Ltd. | 268,000 | 26,498 |
Discovery Ltd.3 | 3,425,623 | 20,625 |
Metropolitan Bank & Trust Company3 | 21,213,192 | 15,783 |
Bank Mandiri (Persero) Tbk PT3 | 42,243,700 | 14,650 |
UBS Group AG3 | 811,307 | 9,321 |
Skandinaviska Enskilda Banken AB, Class A2,3 | 1,020,668 | 8,827 |
DNB ASA2,3 | 649,113 | 8,589 |
20,809,405 | ||
Industrials 8.13% | ||
Recruit Holdings Co., Ltd.3 | 54,986,229 | 1,879,655 |
Airbus SE, non-registered shares2,3 | 25,550,677 | 1,818,155 |
Safran SA2,3 | 11,430,703 | 1,143,439 |
Melrose Industries PLC1,3 | 388,449,844 | 547,500 |
DSV Panalpina A/S3 | 4,480,803 | 546,639 |
Rentokil Initial PLC3 | 78,896,514 | 497,530 |
Experian PLC3 | 13,838,819 | 482,685 |
Knorr-Bremse AG, non-registered shares2,3 | 4,478,659 | 453,152 |
SMC Corp.3 | 869,100 | 443,589 |
MTU Aero Engines AG2,3 | 2,485,802 | 429,613 |
Airports of Thailand PCL, foreign registered3 | 201,546,900 | 395,280 |
NIBE Industrier AB, Class B2,3 | 17,425,756 | 384,579 |
DCC PLC3 | 4,377,000 | 364,529 |
Ryanair Holdings PLC (ADR)2 | 4,723,725 | 313,372 |
Nidec Corp.3 | 4,266,100 | 284,834 |
Spirax-Sarco Engineering PLC3 | 2,306,867 | 284,810 |
Shanghai International Airport Co., Ltd., Class A3 | 24,393,228 | 247,414 |
ASSA ABLOY AB, Class B3 | 10,359,522 | 210,342 |
Jardine Matheson Holdings Ltd.3 | 4,333,300 | 181,087 |
Common stocks (continued) Industrials (continued) | Shares | Value (000) |
Rolls-Royce Holdings PLC2,3 | 47,193,306 | $166,581 |
Adani Ports & Special Economic Zone Ltd.3 | 35,907,438 | 165,252 |
AB Volvo, Class B2,3 | 10,383,000 | 162,302 |
CCR SA, ordinary nominative | 55,762,655 | 148,684 |
Kingspan Group PLC3 | 2,064,109 | 132,835 |
Rheinmetall AG3 | 1,230,164 | 106,396 |
Aeroports de Paris SA3 | 936,060 | 95,969 |
VINCI SA3,4 | 959,870 | 88,268 |
Epiroc AB, Class B3 | 7,064,752 | 86,285 |
Rational AG3 | 143,296 | 80,142 |
Techtronic Industries Co., Ltd.3 | 7,564,500 | 73,797 |
ABB Ltd3 | 2,542,983 | 57,160 |
easyJet PLC3,4 | 5,880,000 | 49,451 |
Sydney Airport, units3 | 10,548,018 | 41,357 |
Daikin Industries, Ltd.3 | 173,300 | 27,868 |
Canadian National Railway Company (CAD denominated) | 265,300 | 23,472 |
Komatsu Ltd.3 | 846,300 | 17,302 |
Alliance Global Group, Inc.2,3 | 123,500,000 | 16,911 |
RELX PLC3 | 523,400 | 12,114 |
VAT Group AG3 | 33,983 | 6,196 |
12,466,546 | ||
Communication services 6.59% | ||
Nintendo Co., Ltd.3 | 4,606,227 | 2,049,610 |
Tencent Holdings Ltd.3 | 30,702,311 | 1,972,126 |
Sea Ltd., Class A (ADR)2,4 | 18,023,801 | 1,932,872 |
SoftBank Group Corp.3 | 33,580,900 | 1,692,067 |
Cellnex Telecom, SA, non-registered shares3 | 6,661,678 | 405,450 |
Z Holding Corp.3 | 78,928,800 | 385,188 |
Bharti Airtel Ltd.3 | 50,194,098 | 371,884 |
Altice Europe NV, Class A1,2,3 | 67,470,131 | 259,774 |
Altice Europe NV, Class B1,2,3 | 14,660,819 | 56,039 |
América Móvil, SAB de CV, Series L (ADR) | 12,849,394 | 163,059 |
América Móvil, SAB de CV, Series L | 18,821,401 | 12,078 |
Ubisoft Entertainment SA2,3 | 1,946,572 | 160,319 |
Square Enix Holdings Co., Ltd.3 | 2,889,400 | 145,727 |
Yandex NV, Class A2 | 2,703,400 | 135,224 |
Koninklijke KPN NV3 | 36,186,245 | 95,842 |
China Tower Corp. Ltd., Class H3 | 484,308,000 | 85,716 |
Nippon Telegraph and Telephone Corp.3 | 3,271,700 | 76,166 |
JOYY Inc., Class A (ADR)2 | 636,921 | 56,399 |
TalkTalk Telecom Group PLC3 | 30,312,400 | 32,153 |
ITV PLC3 | 19,704,041 | 18,208 |
10,105,901 | ||
Materials 5.68% | ||
Vale SA, ordinary nominative (ADR) | 103,405,704 | 1,066,113 |
Vale SA, ordinary nominative | 54,334,180 | 558,718 |
Sika AG3 | 6,170,800 | 1,186,090 |
Koninklijke DSM NV3 | 7,965,617 | 1,101,031 |
Shin-Etsu Chemical Co., Ltd.3 | 7,542,200 | 881,672 |
Linde PLC | 2,820,763 | 598,312 |
Linde PLC (EUR denominated)3 | 1,190,007 | 250,482 |
Rio Tinto PLC3 | 9,967,348 | 560,862 |
UPM-Kymmene Oyj3 | 17,531,112 | 505,913 |
Common stocks (continued) Materials (continued) | Shares | Value (000) |
First Quantum Minerals Ltd.1 | 53,100,289 | $423,207 |
Barrick Gold Corp. (CAD denominated) | 11,222,000 | 301,959 |
Givaudan SA3 | 43,848 | 163,096 |
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A3 | 25,945,749 | 149,148 |
HeidelbergCement AG3 | 2,649,529 | 141,171 |
CCL Industries Inc., Class B, nonvoting shares | 4,278,000 | 138,272 |
CRH PLC3 | 3,916,552 | 133,957 |
Teck Resources Ltd., Class B | 9,067,618 | 94,978 |
Akzo Nobel NV3 | 1,015,052 | 90,811 |
UPL Ltd.2,3 | 13,500,000 | 76,241 |
Yara International ASA3 | 2,065,509 | 71,763 |
BASF SE3 | 1,273,072 | 71,139 |
LafargeHolcim Ltd.3 | 1,427,451 | 62,434 |
MMG Ltd.2,3,4 | 115,376,000 | 23,852 |
Chr. Hansen Holding A/S3 | 186,000 | 19,173 |
BHP Group PLC3 | 805,214 | 16,531 |
Asian Paints Ltd.3 | 555,000 | 12,481 |
Evonik Industries AG3 | 363,422 | 9,207 |
Gerdau SA (ADR)4 | 1,670,000 | 4,943 |
8,713,556 | ||
Consumer staples 5.59% | ||
Kweichow Moutai Co., Ltd., Class A3 | 8,147,421 | 1,686,137 |
Nestlé SA3 | 14,011,566 | 1,547,930 |
British American Tobacco PLC3 | 25,018,918 | 961,263 |
Pernod Ricard SA3 | 5,227,300 | 821,571 |
KOSÉ Corp.1,3 | 3,647,400 | 438,516 |
Thai Beverage PCL3 | 682,793,300 | 333,444 |
Kirin Holdings Company, Ltd.3,4 | 14,424,000 | 304,187 |
Philip Morris International Inc. | 4,252,740 | 297,947 |
Reckitt Benckiser Group PLC3 | 2,737,800 | 251,956 |
Inner Mongolia Yili Industrial Group Co., Ltd., Class A3 | 53,578,236 | 234,913 |
Shiseido Co., Ltd.3 | 3,570,059 | 226,342 |
Anheuser-Busch InBev SA/NV3,4 | 3,572,411 | 176,072 |
Danone SA2,3 | 2,388,782 | 165,068 |
Treasury Wine Estates Ltd.3 | 21,428,876 | 155,125 |
Alimentation Couche-Tard Inc., Class B | 4,601,397 | 144,285 |
Uni-Charm Corp.3 | 3,414,200 | 139,881 |
Foshan Haitian Flavouring and Food Co. Ltd., Class A3 | 6,359,990 | 111,492 |
Chocoladefabriken Lindt & Sprüngli AG3 | 1,143 | 98,129 |
Avenue Supermarts Ltd.2,3 | 2,982,864 | 90,822 |
JBS SA, ordinary nominative | 17,332,696 | 67,411 |
Associated British Foods PLC3 | 2,687,600 | 63,688 |
Glanbia PLC3 | 5,175,719 | 58,564 |
Carlsberg A/S, Class B3 | 422,800 | 55,852 |
Fomento Económico Mexicano, SAB de CV | 8,635,600 | 53,535 |
Godrej Consumer Products Ltd.3 | 3,295,950 | 30,270 |
Unilever PLC3 | 401,600 | 21,653 |
L’Oréal SA, non-registered shares2,3 | 49,200 | 15,773 |
CP ALL PCL, foreign registered3 | 4,052,100 | 8,886 |
Diageo PLC3 | 205,372 | 6,817 |
8,567,529 |
Common stocks (continued) Energy 4.63% | Shares | Value (000) |
Reliance Industries Ltd.3 | 195,592,776 | $4,420,624 |
Reliance Industries Ltd., interim shares2,3 | 10,027,005 | 105,922 |
Canadian Natural Resources, Ltd. (CAD denominated) | 58,971,533 | 1,022,967 |
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR) | 62,185,271 | 514,272 |
Cenovus Energy Inc.1 | 69,773,357 | 326,356 |
Neste Oyj3 | 4,733,156 | 184,852 |
BP PLC3 | 43,915,026 | 166,896 |
Royal Dutch Shell PLC, Class B3 | 7,708,697 | 116,649 |
TC Energy Corp. (CAD denominated)4 | 1,835,000 | 78,396 |
Rosneft Oil Company PJSC (GDR)3 | 13,454,800 | 67,491 |
TOTAL SA3,4 | 1,607,354 | 61,223 |
Tourmaline Oil Corp. | 4,047,604 | 35,390 |
7,101,038 | ||
Utilities 3.01% | ||
Ørsted AS3 | 9,120,210 | 1,051,832 |
Enel SpA3 | 96,563,486 | 831,911 |
ENN Energy Holdings Ltd.1,3 | 73,744,200 | 828,233 |
China Gas Holdings Ltd.3 | 209,890,000 | 646,353 |
China Resources Gas Group Ltd.1,3 | 126,618,000 | 616,166 |
E.ON SE3 | 16,419,929 | 184,605 |
Iberdrola, SA, non-registered shares3 | 15,902,630 | 184,190 |
National Grid PLC3 | 11,155,000 | 136,596 |
Guangdong Investment Ltd.3,4 | 75,892,000 | 130,270 |
ENGIE SA2,3 | 929,400 | 11,472 |
4,621,628 | ||
Real estate 1.28% | ||
China Overseas Land & Investment Ltd.3 | 122,832,000 | 370,935 |
Longfor Group Holdings Ltd.3 | 64,810,500 | 308,697 |
Shimao Group Holdings Ltd.3 | 62,016,500 | 262,812 |
Ayala Land, Inc.3 | 390,814,709 | 261,639 |
Vonovia SE2,3 | 3,332,417 | 204,133 |
ESR Cayman Ltd.2,3,4 | 85,112,800 | 201,915 |
CK Asset Holdings Ltd.3 | 25,980,500 | 154,492 |
Goodman Logistics (HK) Ltd. REIT3 | 10,209,385 | 105,073 |
Sun Hung Kai Properties Ltd.3 | 6,620,226 | 84,369 |
1,954,065 | ||
Total common stocks (cost: $100,155,851,000) | 145,127,629 | |
Preferred securities 1.57% Energy 0.63% | ||
Petróleo Brasileiro SA (Petrobras), preferred nominative (ADR) | 68,793,227 | 548,282 |
Petróleo Brasileiro SA (Petrobras), preferred nominative | 106,377,100 | 421,549 |
969,831 | ||
Health care 0.55% | ||
Sartorius AG, nonvoting preferred, non-registered shares3 | 1,839,693 | 604,388 |
Grifols, SA, Class B, nonvoting preferred, non-registered shares3 | 13,344,611 | 245,121 |
849,509 | ||
Consumer discretionary 0.27% | ||
Volkswagen AG, nonvoting preferred shares2,3 | 2,727,227 | 412,434 |
Preferred securities (continued) Information technology 0.07% | Shares | Value (000) |
Samsung Electronics Co., Ltd., nonvoting preferred shares3 | 2,590,928 | $101,182 |
Materials 0.04% | ||
Gerdau SA, preferred nominative | 22,165,900 | 65,257 |
Industrials 0.01% | ||
Azul SA, preferred nominative2 | 3,313,800 | 12,254 |
Real estate 0.00% | ||
Ayala Land, Inc., preferred shares2,3,5 | 481,283,600 | —6 |
Total preferred securities (cost: $1,836,390,000) | 2,410,467 | |
Rights & warrants 0.13% Health care 0.13% | ||
WuXi AppTec Co., Ltd., Class A, warrants, expire 20213,7 | 8,561,420 | 117,033 |
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expires 20213,7 | 8,986,466 | 53,759 |
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expires 20212,3,7 | 3,589,186 | 21,471 |
192,263 | ||
Total rights & warrants (cost: $165,420,000) | 192,263 | |
Bonds, notes & other debt instruments 0.07% U.S. Treasury bonds & notes 0.07% U.S. Treasury 0.07% | Principal amount (000) | |
U.S. Treasury 2.50% 2020 | $100,000 | 101,164 |
Total U.S. Treasury bonds & notes | 101,164 | |
Total bonds, notes & other debt instruments (cost: $100,409,000) | 101,164 | |
Short-term securities 4.05% Money market investments 4.05% | Shares | |
Capital Group Central Cash Fund 0.18%8 | 56,108,579 | 5,611,419 |
Goldman Sachs Financial Square Government Fund 0.15%8,9 | 225,000,000 | 225,000 |
BlackRock FedFund 0.10%8,9 | 150,000,000 | 150,000 |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio 0.05%8,9 | 100,000,000 | 100,000 |
State Street Institutional U.S. Government Money Market Fund 0.12%8,9 | 88,000,000 | 88,000 |
Invesco Short-Term Investments Trust - Government & Agency Portfolio 0.09%8,9 | 34,063,380 | 34,063 |
Fidelity Institutional Money Market Funds - Government Portfolio 0.06%8,9 | 1,700,000 | 1,700 |
RBC U.S. Government Money Market Fund 0.10%8,9 | 1,000,000 | 1,000 |
6,211,182 | ||
Total short-term securities (cost: $6,210,059,000) | 6,211,182 | |
Total investment securities 100.48% (cost: $108,468,129,000) | 154,042,705 | |
Other assets less liabilities (0.48)% | (730,826) | |
Net assets 100.00% | $153,311,879 |
Beginning shares | Additions | Reductions | Ending shares | Net realized (loss) gain (000) | Net unrealized appreciation (depreciation) (000) | Dividend income (000) | Value of affiliates at 6/30/2020 (000) | |
Common stocks 12.65% | ||||||||
Consumer discretionary 5.17% | ||||||||
MercadoLibre, Inc.2 | 4,108,989 | 71,600 | — | 4,180,589 | $— | $2,043,481 | $— | $4,121,099 |
Flutter Entertainment PLC (GBP denominated)3 | 1,214,593 | 5,584,100 | — | 6,798,693 | — | 176,694 | — | 891,523 |
Flutter Entertainment PLC (EUR denominated)3 | 5,056,753 | 393,579 | — | 5,450,332 | — | 213,601 | — | 715,427 |
Just Eat Takeaway (GBP denominated)2,3 | 6,590,594 | — | 1 | 6,590,593 | —6 | 194,142 | — | 690,225 |
Just Eat Takeaway (EUR denominated)2,3 | 3,151,312 | — | — | 3,151,312 | — | 90,345 | — | 327,907 |
Melco Resorts & Entertainment Ltd. (ADR) | 32,625,886 | — | — | 32,625,886 | — | 101,827 | — | 506,354 |
GVC Holdings PLC3 | 46,288,920 | — | — | 46,288,920 | — | 102,798 | — | 424,119 |
ASOS PLC2,3 | 5,440,976 | 539,800 | — | 5,980,776 | — | 162,493 | — | 253,459 |
Ryohin Keikaku Co., Ltd.3,10 | 18,105,500 | — | 11,047,200 | 7,058,300 | (148,060) | 156,517 | — | — |
Stars Group Inc.2,10 | 23,082,671 | — | 23,082,671 | — | — | 83,155 | — | — |
7,930,113 | ||||||||
Information technology 1.43% | ||||||||
PagSeguro Digital Ltd., Class A2 | 26,277,697 | 600,000 | — | 26,877,697 | — | 425,041 | — | 949,858 |
Halma PLC3 | 22,478,479 | — | — | 22,478,479 | — | 106,545 | — | 640,602 |
Edenred SA3,4 | 13,593,956 | 292,987 | 37,000 | 13,849,943 | (538) | 27,635 | 10,297 | 605,060 |
2,195,520 | ||||||||
Health care 3.06% | ||||||||
Daiichi Sankyo Company, Ltd.3 | 39,384,700 | — | 51,000 | 39,333,700 | 829 | 506,183 | — | 3,212,252 |
Teva Pharmaceutical Industries Ltd. (ADR)2 | 56,229,075 | — | — | 56,229,075 | — | 188,367 | — | 693,305 |
Hikma Pharmaceuticals PLC3 | 14,499,283 | — | — | 14,499,283 | — | 33,016 | — | 398,528 |
Notre Dame Intermédica Participações SA | 37,609,625 | — | 6,124,906 | 31,484,719 | (31,919) | 173,274 | — | 393,754 |
Hypera SA, ordinary nominative10 | 34,858,300 | — | 9,873,900 | 24,984,400 | (40,705) | 49,999 | 1,342 | — |
NMC Health PLC2,3,5,10 | 12,753,621 | — | 9,648,621 | 3,105,000 | (313,109) | 305,458 | — | — |
4,697,839 | ||||||||
Financials 0.70% | ||||||||
B3 SA - Brasil, Bolsa, Balcao | 91,700,000 | 14,604,300 | — | 106,304,300 | — | 339,114 | — | 1,076,903 |
Industrials 0.36% | ||||||||
Melrose Industries PLC3 | 388,449,844 | — | — | 388,449,844 | — | 108,824 | — | 547,500 |
MTU Aero Engines AG2,3,10 | 2,954,802 | — | 469,000 | 2,485,802 | (47,475) | 104,018 | — | — |
547,500 | ||||||||
Communication services 0.21% | ||||||||
Altice Europe NV, Class A2,3 | 67,470,131 | — | — | 67,470,131 | — | (1,037) | — | 259,774 |
Altice Europe NV, Class B2,3 | 14,660,819 | — | — | 14,660,819 | — | (1,029) | — | 56,039 |
315,813 | ||||||||
Materials 0.28% | ||||||||
First Quantum Minerals Ltd. | 53,100,289 | — | — | 53,100,289 | — | 151,913 | 191 | 423,207 |
Beginning shares | Additions | Reductions | Ending shares | Net realized (loss) gain (000) | Net unrealized appreciation (depreciation) (000) | Dividend income (000) | Value of affiliates at 6/30/2020 (000) | |
Consumer staples 0.29% | ||||||||
KOSÉ Corp.3 | 4,244,800 | — | 597,400 | 3,647,400 | $(26,796) | $15,784 | $— | $438,516 |
Energy 0.21% | ||||||||
Cenovus Energy Inc. | 46,154,957 | 23,618,400 | — | 69,773,357 | — | 158,334 | — | 326,356 |
Utilities 0.94% | ||||||||
ENN Energy Holdings Ltd.3 | 73,744,200 | — | — | 73,744,200 | — | 119,035 | 15,889 | 828,233 |
China Resources Gas Group Ltd.3 | 126,618,000 | — | — | 126,618,000 | — | (19,488) | 11,756 | 616,166 |
1,444,399 | ||||||||
Short-term securities 0.00% | ||||||||
Money market investments 0.00% | ||||||||
Capital Group Central Cash Fund 0.18%8,10 | 113,995,069 | 9,884,537 | 67,771,027 | 56,108,579 | 693 | (3,654) | 10,472 | — |
Total 12.65% | $(607,080) | $6,112,385 | $49,947 | $19,396,166 |
1 | Represents an affiliated company as defined under the Investment Company Act of 1940. |
2 | Security did not produce income during the last 12 months. |
3 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $124,022,667,000, which represented 80.90% of the net assets of the fund. This amount includes $123,715,290,000 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. |
4 | All or a portion of this security was on loan. The total value of all such securities was $651,682,000, which represented .43% of the net assets of the fund. |
5 | Value determined using significant unobservable inputs. |
6 | Amount less than one thousand. |
7 | Acquired in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $192,263,000, which represented .13% of the net assets of the fund. |
8 | Rate represents the seven-day yield at 6/30/2020. |
9 | Security purchased with cash collateral from securities on loan. |
10 | Unaffiliated issuer at 6/30/2020. |
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; convertible securities | Standard inputs and underlying equity of the issuer |
Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Consumer discretionary | $4,906,641 | $21,961,895 | $— | $26,868,536 |
Information technology | 4,837,529 | 17,982,648 | — | 22,820,177 |
Health care | 1,829,370 | 19,269,839 | 39 | 21,099,248 |
Financials | 2,574,589 | 18,234,816 | — | 20,809,405 |
Industrials | 485,528 | 11,981,018 | — | 12,466,546 |
Communication services | 2,299,632 | 7,806,269 | — | 10,105,901 |
Materials | 3,186,502 | 5,527,054 | — | 8,713,556 |
Consumer staples | 563,178 | 8,004,351 | — | 8,567,529 |
Energy | 1,977,381 | 5,123,657 | — | 7,101,038 |
Utilities | — | 4,621,628 | — | 4,621,628 |
Real estate | — | 1,954,065 | — | 1,954,065 |
Preferred securities | 1,047,342 | 1,363,125 | —* | 2,410,467 |
Rights & warrants | — | 192,263 | — | 192,263 |
Bonds, notes & other debt instruments | — | 101,164 | — | 101,164 |
Short-term securities | 6,211,182 | — | — | 6,211,182 |
Total | $29,918,874 | $124,123,792 | $39 | $154,042,705 |
* | Amount less than one thousand. |
Key to abbreviations |
ADR = American Depositary Receipts |
CAD = Canadian dollars |
EUR = Euros |
GBP = British pounds |
GDR = Global Depositary Receipts |
MFGEFP1-016-0820O-S78092 | EuroPacific Growth Fund — Page 12 of 12 |