EuroPacific Growth Fund®
Investment portfolio
unaudited
|
Common stocks 96.12%
Industrials 16.07%
|
|
Shares
|
Value
(000)
|
|
Airbus SE, non-registered shares
|
20,343,213
|
$3,140,143
|
|
|
Safran SA
|
12,523,916
|
2,209,273
|
|
|
Recruit Holdings Co., Ltd.
|
31,116,924
|
1,328,484
|
|
|
Kingspan Group PLC1
|
13,293,800
|
1,148,883
|
|
|
Siemens AG
|
5,830,215
|
1,093,574
|
|
|
Techtronic Industries Co., Ltd.
|
87,673,591
|
1,048,633
|
|
|
Melrose Industries PLC1
|
110,711,824
|
799,896
|
|
|
DSV A/S
|
3,949,124
|
694,697
|
|
|
SMC Corp.
|
1,179,279
|
630,644
|
|
|
VAT Group AG
|
1,135,480
|
569,822
|
|
|
MTU Aero Engines AG
|
2,637,928
|
568,559
|
|
|
Trane Technologies PLC
|
1,964,120
|
479,049
|
|
|
Rentokil Initial PLC
|
71,060,270
|
403,574
|
|
|
Ashtead Group PLC
|
5,777,911
|
400,354
|
|
|
Bunzl PLC
|
8,600,235
|
349,092
|
|
|
Rheinmetall AG, non-registered shares
|
1,053,290
|
333,895
|
|
|
Mitsui & Co., Ltd.
|
8,723,700
|
325,038
|
|
|
ABB, Ltd.
|
7,075,284
|
314,419
|
|
|
Schneider Electric SE
|
1,530,117
|
308,089
|
|
|
Larsen & Toubro, Ltd.
|
6,510,661
|
275,592
|
|
|
Daikin Industries, Ltd.
|
1,643,600
|
266,986
|
|
|
AB Volvo, Class B
|
10,070,008
|
261,779
|
|
|
NIBE Industrier AB, Class B
|
35,668,276
|
252,098
|
|
|
IMCD NV
|
1,393,833
|
243,201
|
|
|
International Consolidated Airlines Group SA (CDI)2
|
122,889,849
|
242,072
|
|
|
Grab Holdings, Ltd., Class A2
|
70,306,733
|
236,934
|
|
|
Diploma PLC
|
4,864,026
|
221,576
|
|
|
Legrand SA
|
1,964,527
|
204,625
|
|
|
TFI International, Inc.3
|
1,493,333
|
203,063
|
|
|
ASSA ABLOY AB, Class B
|
6,868,985
|
197,891
|
|
|
Shenzhen Inovance Technology Co., Ltd., Class A
|
21,987,666
|
195,566
|
|
|
Adecco Group AG
|
3,852,879
|
189,605
|
|
|
Wolters Kluwer NV
|
1,284,425
|
182,522
|
|
|
Rolls-Royce Holdings PLC2
|
46,214,294
|
176,002
|
|
|
Grupo Aeroportuario del Pacífico, SAB de CV, Class B
|
9,567,764
|
167,020
|
|
|
Rumo SA
|
34,489,564
|
162,667
|
|
|
Brenntag SE
|
1,759,769
|
161,553
|
|
|
Ryanair Holdings PLC (ADR)
|
1,168,149
|
155,784
|
|
|
DHL Group
|
3,096,737
|
153,399
|
|
|
Canadian Pacific Kansas City, Ltd.3
|
1,874,778
|
148,220
|
|
|
BAE Systems PLC
|
10,006,000
|
141,564
|
|
|
Thales SA
|
919,275
|
135,957
|
|
|
Canadian National Railway Co. (CAD denominated)3
|
859,478
|
108,031
|
|
|
Deutsche Lufthansa AG2
|
11,254,539
|
100,028
|
|
|
Astra International Tbk PT
|
248,256,800
|
90,971
|
|
|
InPost SA2
|
6,535,285
|
90,348
|
|
EuroPacific Growth Fund — Page 1 of 12
unaudited
|
Common stocks (continued)
Industrials (continued)
|
|
Shares
|
Value
(000)
|
|
AutoStore Holdings, Ltd.2
|
38,891,922
|
$76,413
|
|
|
Airports of Thailand PCL, foreign registered shares
|
43,422,513
|
75,305
|
|
|
Epiroc AB, Class A
|
1,577,939
|
31,660
|
|
|
Epiroc AB, Class B
|
1,807,740
|
31,634
|
|
|
ZTO Express (Cayman), Inc., Class A (ADR)
|
2,953,486
|
62,850
|
|
|
AirTAC International Group
|
1,721,923
|
56,556
|
|
|
Hitachi, Ltd.
|
744,800
|
53,828
|
|
|
BayCurrent Consulting, Inc.3
|
1,464,200
|
51,185
|
|
|
Fluidra, SA, non-registered shares
|
2,413,200
|
50,320
|
|
|
Carel Industries SpA
|
1,695,262
|
46,539
|
|
|
Marubeni Corp.
|
2,334,800
|
36,738
|
|
|
TELUS International (Cda), Inc., subordinate voting shares2
|
4,240,510
|
36,384
|
|
|
ITOCHU Corp.3
|
840,800
|
34,321
|
|
|
Komatsu, Ltd.
|
1,026,000
|
26,729
|
|
|
Spirax-Sarco Engineering PLC
|
187,509
|
25,048
|
|
|
Wizz Air Holdings PLC2
|
701,334
|
19,682
|
|
|
Rational AG
|
174
|
134
|
|
|
|
|
|
21,826,498
|
|
Information technology 15.14%
|
|
|
|
|
Taiwan Semiconductor Manufacturing Co., Ltd.
|
173,210,501
|
3,333,520
|
|
|
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)
|
5,629,220
|
585,439
|
|
|
ASML Holding NV
|
4,195,890
|
3,167,952
|
|
|
Shopify, Inc., Class A, subordinate voting shares2
|
22,561,202
|
1,757,518
|
|
|
SAP SE
|
9,601,341
|
1,476,930
|
|
|
SK hynix, Inc.
|
10,014,503
|
1,093,435
|
|
|
Capgemini SE
|
4,890,224
|
1,023,003
|
|
|
Tokyo Electron, Ltd.
|
5,082,683
|
903,450
|
|
|
Samsung Electronics Co., Ltd.
|
13,217,420
|
803,882
|
|
|
Keyence Corp.
|
1,592,815
|
698,200
|
|
|
ASM International NV
|
1,003,294
|
522,457
|
|
|
Constellation Software, Inc.
|
179,582
|
445,248
|
|
|
Renesas Electronics Corp.2
|
24,403,300
|
437,966
|
|
|
NICE, Ltd. (ADR)2,3
|
2,185,533
|
436,036
|
|
|
Sage Group PLC (The)
|
26,302,517
|
392,369
|
|
|
Dassault Systemes SE
|
7,985,100
|
390,908
|
|
|
NEC Corp.
|
6,509,570
|
384,122
|
|
|
Disco Corp.
|
1,486,400
|
365,769
|
|
|
Hexagon AB, Class B
|
29,862,444
|
359,786
|
|
|
STMicroelectronics NV
|
7,159,959
|
359,261
|
|
|
Fujitsu, Ltd.
|
1,848,229
|
279,019
|
|
|
OBIC Co., Ltd.
|
1,339,845
|
230,083
|
|
|
TDK Corp.
|
4,707,900
|
223,173
|
|
|
Nemetschek SE
|
1,648,999
|
142,801
|
|
|
Nomura Research Institute, Ltd.
|
4,548,400
|
131,793
|
|
|
Lasertec Corp.
|
501,200
|
130,986
|
|
|
NXP Semiconductors NV
|
560,425
|
128,718
|
|
|
Tata Consultancy Services, Ltd.
|
1,755,355
|
79,925
|
|
|
Halma PLC
|
2,589,134
|
75,226
|
|
|
Infosys, Ltd.
|
3,680,100
|
68,128
|
|
|
Canva, Inc.2,4,5
|
37,779
|
40,297
|
|
|
MediaTek, Inc.
|
969,000
|
31,915
|
|
EuroPacific Growth Fund — Page 2 of 12
unaudited
|
Common stocks (continued)
Information technology (continued)
|
|
Shares
|
Value
(000)
|
|
Reply SpA
|
231,665
|
$30,614
|
|
|
ALTEN SA, non-registered shares
|
180,485
|
26,968
|
|
|
|
|
|
20,556,897
|
|
Consumer discretionary 12.64%
|
|
|
|
|
LVMH Moët Hennessy-Louis Vuitton SE
|
4,331,200
|
3,513,145
|
|
|
MercadoLibre, Inc.2
|
1,304,302
|
2,049,763
|
|
|
Flutter Entertainment PLC1,2
|
10,238,783
|
1,803,160
|
|
|
Flutter Entertainment PLC (CDI)1,2
|
663,972
|
117,600
|
|
|
adidas AG
|
4,233,691
|
860,875
|
|
|
Hermès International
|
311,439
|
660,959
|
|
|
Evolution AB
|
5,474,367
|
655,209
|
|
|
Compagnie Financière Richemont SA, Class A
|
4,705,250
|
649,011
|
|
|
Sony Group Corp.
|
6,364,833
|
603,098
|
|
|
Amadeus IT Group SA, Class A, non-registered shares
|
6,927,161
|
496,816
|
|
|
Galaxy Entertainment Group, Ltd.
|
83,078,374
|
464,346
|
|
|
InterContinental Hotels Group PLC
|
4,836,022
|
436,782
|
|
|
Maruti Suzuki India, Ltd.
|
3,461,908
|
428,280
|
|
|
Ferrari NV (EUR denominated)
|
1,138,012
|
383,555
|
|
|
Midea Group Co., Ltd., Class A
|
49,155,162
|
378,489
|
|
|
Coupang, Inc., Class A2
|
21,957,240
|
355,488
|
|
|
Booking Holdings, Inc.2
|
98,682
|
350,047
|
|
|
Entain PLC
|
26,889,101
|
339,645
|
|
|
Pan Pacific International Holdings Corp.
|
12,687,100
|
301,947
|
|
|
Mercedes-Benz Group AG
|
3,464,321
|
239,260
|
|
|
Trip.com Group, Ltd. (ADR)2
|
6,528,144
|
235,078
|
|
|
Kering SA
|
480,903
|
213,416
|
|
|
Industria de Diseño Textil, SA
|
4,743,738
|
206,905
|
|
|
Dowlais Group PLC1
|
110,388,238
|
149,886
|
|
|
Titan Co., Ltd.
|
3,361,301
|
148,366
|
|
|
B&M European Value Retail SA
|
20,113,928
|
143,254
|
|
|
NEXT PLC
|
1,362,168
|
140,618
|
|
|
Alibaba Group Holding, Ltd.
|
10,802,200
|
104,395
|
|
|
Prosus NV, Class N
|
2,783,255
|
82,989
|
|
|
Sands China, Ltd.2
|
26,974,800
|
78,718
|
|
|
Dollarama, Inc.
|
1,090,009
|
78,552
|
|
|
Shenzhou International Group Holdings, Ltd.
|
7,308,600
|
74,996
|
|
|
D’Ieteren Group
|
382,427
|
74,807
|
|
|
Zalando SE, non-registered shares2
|
3,019,229
|
71,492
|
|
|
Stellantis NV
|
2,956,575
|
69,239
|
|
|
Nitori Holdings Co., Ltd.
|
515,960
|
68,930
|
|
|
Bridgestone Corp.
|
1,391,000
|
57,449
|
|
|
Li Auto, Inc., Class A2
|
957,046
|
17,930
|
|
|
Li Auto, Inc., Class A (ADR)2
|
360,124
|
13,479
|
|
|
Toyota Motor Corp.
|
1,555,300
|
28,550
|
|
|
TVS Motor Co., Ltd.
|
571,311
|
13,891
|
|
|
China Tourism Group Duty Free Corp., Ltd., Class A
|
479,962
|
5,650
|
|
|
China Tourism Group Duty Free Corp., Ltd., Class H3
|
525,700
|
5,153
|
|
|
JD.com, Inc., Class A
|
96,050
|
1,384
|
|
|
|
|
|
17,172,602
|
|
Financials 12.40%
|
|
|
|
|
AIA Group, Ltd.
|
242,244,923
|
2,103,995
|
|
|
Kotak Mahindra Bank, Ltd.
|
68,080,811
|
1,559,943
|
|
|
Banco Bilbao Vizcaya Argentaria, SA
|
107,027,172
|
975,161
|
|
EuroPacific Growth Fund — Page 3 of 12
unaudited
|
Common stocks (continued)
Financials (continued)
|
|
Shares
|
Value
(000)
|
|
HDFC Bank, Ltd.
|
37,204,491
|
$763,231
|
|
|
HDFC Bank, Ltd. (ADR)
|
105,665
|
7,091
|
|
|
NU Holdings, Ltd. / Cayman Islands, Class A2
|
86,801,755
|
723,059
|
|
|
ICICI Bank, Ltd.
|
57,238,057
|
684,530
|
|
|
ICICI Bank, Ltd. (ADR)
|
1,482,602
|
35,345
|
|
|
Edenred SA
|
11,409,680
|
685,074
|
|
|
UBS Group AG
|
21,315,277
|
662,026
|
|
|
London Stock Exchange Group PLC
|
5,149,326
|
608,721
|
|
|
ING Groep NV
|
33,162,158
|
496,444
|
|
|
Aegon, Ltd.
|
82,612,756
|
478,889
|
|
|
Aon PLC, Class A
|
1,558,775
|
453,635
|
|
|
Brookfield Corp., Class A
|
10,875,034
|
436,306
|
|
|
FinecoBank SpA
|
27,249,202
|
409,412
|
|
|
Bank Central Asia Tbk PT
|
630,484,100
|
384,551
|
|
|
UniCredit SpA
|
13,680,945
|
371,133
|
|
|
Axis Bank, Ltd.
|
23,353,846
|
308,908
|
|
|
Bank Mandiri (Persero) Tbk PT
|
747,450,700
|
293,203
|
|
|
B3 SA - Brasil, Bolsa, Balcao
|
95,280,166
|
283,350
|
|
|
Bajaj Finserv, Ltd.
|
13,890,000
|
281,128
|
|
|
Adyen NV2
|
208,220
|
268,420
|
|
|
Jio Financial Services, Ltd.2
|
86,198,783
|
240,987
|
|
|
3i Group PLC
|
7,559,175
|
232,689
|
|
|
Bajaj Finance, Ltd.
|
2,635,688
|
231,801
|
|
|
AXA SA3
|
6,713,891
|
219,161
|
|
|
Hana Financial Group, Inc.
|
5,836,956
|
196,236
|
|
|
Prudential PLC
|
15,183,021
|
170,917
|
|
|
DBS Group Holdings, Ltd.
|
6,365,334
|
160,818
|
|
|
Tokio Marine Holdings, Inc.
|
5,189,400
|
129,555
|
|
|
Bridgepoint Group PLC
|
35,982,791
|
127,474
|
|
|
Royal Bank of Canada
|
1,255,500
|
126,966
|
|
|
Euronext NV
|
1,386,121
|
120,360
|
|
|
Cholamandalam Investment and Finance Co., Ltd.
|
7,699,070
|
116,399
|
|
|
United Overseas Bank, Ltd.
|
5,295,731
|
113,977
|
|
|
XP, Inc., Class A
|
4,051,571
|
105,624
|
|
|
EXOR NV
|
1,000,058
|
100,257
|
|
|
DNB Bank ASA
|
4,093,573
|
86,967
|
|
|
China Merchants Bank Co., Ltd., Class A
|
21,976,942
|
86,494
|
|
|
Münchener Rückversicherungs-Gesellschaft AG
|
206,748
|
85,614
|
|
|
East Money Information Co., Ltd., Class A
|
41,445,440
|
81,867
|
|
|
Ping An Insurance (Group) Company of China, Ltd., Class H
|
17,331,234
|
78,397
|
|
|
Deutsche Bank AG
|
5,441,743
|
74,273
|
|
|
Grupo Financiero Banorte, SAB de CV, Series O
|
6,579,163
|
66,160
|
|
|
Intact Financial Corp.
|
387,899
|
59,679
|
|
|
Hong Kong Exchanges and Clearing, Ltd.
|
1,734,400
|
59,343
|
|
|
Skandinaviska Enskilda Banken AB, Class A
|
4,304,207
|
59,248
|
|
|
Resona Holdings, Inc.
|
10,299,100
|
52,158
|
|
|
Hiscox, Ltd.
|
3,678,341
|
49,338
|
|
|
China Pacific Insurance (Group) Co., Ltd., Class H
|
22,947,600
|
46,230
|
|
|
Discovery, Ltd.
|
5,648,469
|
44,374
|
|
|
Checkout Payments Group, Ltd., Class B2,4,5
|
479,280
|
44,314
|
|
|
Bank Rakyat Indonesia (Persero) Tbk PT
|
112,801,200
|
41,820
|
|
|
Partners Group Holding AG
|
26,148
|
37,804
|
|
|
Postal Savings Bank of China Co., Ltd., Class H
|
71,873,000
|
34,281
|
|
|
Erste Group Bank AG
|
811,140
|
32,911
|
|
|
Worldline SA, non-registered shares2
|
1,808,820
|
31,416
|
|
EuroPacific Growth Fund — Page 4 of 12
unaudited
|
Common stocks (continued)
Financials (continued)
|
|
Shares
|
Value
(000)
|
|
Bank of Montreal
|
203,210
|
$20,107
|
|
|
Sberbank of Russia PJSC4
|
48,140,292
|
—
6
|
|
|
|
|
|
16,839,571
|
|
Health care 12.30%
|
|
|
|
|
Novo Nordisk AS, Class B
|
65,046,634
|
6,728,088
|
|
|
Daiichi Sankyo Co., Ltd.
|
74,690,210
|
2,067,749
|
|
|
AstraZeneca PLC
|
12,555,324
|
1,690,993
|
|
|
EssilorLuxottica SA
|
3,051,840
|
613,407
|
|
|
HOYA Corp.
|
3,797,337
|
472,272
|
|
|
Argenx SE (ADR)2
|
1,120,991
|
426,458
|
|
|
Argenx SE, non-registered shares2
|
73,150
|
27,798
|
|
|
Lonza Group AG
|
950,847
|
400,037
|
|
|
Sanofi
|
3,772,007
|
373,962
|
|
|
Sonova Holding AG
|
1,094,716
|
357,981
|
|
|
Grifols, SA, Class A, non-registered shares2
|
17,698,156
|
303,334
|
|
|
Grifols, SA, Class B (ADR)2
|
3,401,424
|
39,320
|
|
|
WuXi AppTec Co., Ltd., Class A
|
18,541,345
|
191,089
|
|
|
WuXi AppTec Co., Ltd., Class H3
|
13,861,208
|
141,728
|
|
|
Eisai Co., Ltd.
|
6,341,300
|
317,296
|
|
|
Eurofins Scientific SE, non-registered shares
|
4,028,874
|
263,602
|
|
|
Takeda Pharmaceutical Co., Ltd.
|
8,472,500
|
243,223
|
|
|
Siemens Healthineers AG
|
3,895,622
|
226,377
|
|
|
Hypera SA, ordinary nominative shares
|
29,270,999
|
211,546
|
|
|
Genmab A/S2
|
644,536
|
205,305
|
|
|
WuXi Biologics (Cayman), Inc.2
|
53,888,712
|
203,564
|
|
|
BeiGene, Ltd. (ADR)2
|
1,008,580
|
181,908
|
|
|
Bayer AG
|
4,264,407
|
158,311
|
|
|
Coloplast AS, Class B
|
1,131,488
|
129,361
|
|
|
Asahi Intecc Co., Ltd.
|
5,648,800
|
114,515
|
|
|
Innovent Biologics, Inc.2
|
20,793,500
|
113,541
|
|
|
Sartorius Stedim Biotech SA
|
349,967
|
92,952
|
|
|
bioMérieux SA
|
821,871
|
91,560
|
|
|
Rede D’Or Sao Luiz SA
|
13,225,900
|
77,920
|
|
|
Ambu AS, Class B, non-registered shares2
|
4,558,092
|
70,993
|
|
|
Mankind Pharma, Ltd.2
|
2,977,000
|
70,849
|
|
|
CSL, Ltd.
|
122,794
|
23,940
|
|
|
Bachem Holding AG
|
243,798
|
18,888
|
|
|
Straumann Holding AG
|
115,830
|
18,738
|
|
|
Koninklijke Philips NV2
|
660,014
|
15,414
|
|
|
Hapvida Participações e Investimentos SA2
|
14,937,392
|
13,618
|
|
|
|
|
|
16,697,637
|
|
Materials 9.33%
|
|
|
|
|
Fortescue, Ltd.
|
124,647,379
|
2,465,556
|
|
|
Glencore PLC
|
328,447,878
|
1,970,437
|
|
|
Sika AG
|
5,034,050
|
1,644,796
|
|
|
Shin-Etsu Chemical Co., Ltd.
|
33,153,100
|
1,385,343
|
|
|
Linde PLC
|
1,955,438
|
803,118
|
|
|
Vale SA, ordinary nominative shares
|
28,429,401
|
450,802
|
|
|
Vale SA (ADR), ordinary nominative shares
|
16,958,597
|
268,963
|
|
|
Ivanhoe Mines, Ltd., Class A2,3
|
35,681,487
|
346,030
|
|
|
Ivanhoe Mines, Ltd., Class A2,5
|
25,725,343
|
249,478
|
|
|
DSM-Firmenich AG
|
5,262,086
|
535,767
|
|
|
Heidelberg Materials AG, non-registered shares
|
4,509,788
|
402,941
|
|
EuroPacific Growth Fund — Page 5 of 12
unaudited
|
Common stocks (continued)
Materials (continued)
|
|
Shares
|
Value
(000)
|
|
Lundin Mining Corp.1
|
46,691,750
|
$381,977
|
|
|
First Quantum Minerals, Ltd.1
|
44,448,339
|
363,959
|
|
|
Givaudan SA
|
39,003
|
162,254
|
|
|
Air Liquide SA3
|
805,008
|
156,599
|
|
|
CRH PLC
|
2,232,175
|
154,377
|
|
|
CEMEX, SAB de CV (ADR), ordinary participation certificates, units2
|
18,628,357
|
144,370
|
|
|
OCI NV
|
4,918,596
|
142,993
|
|
|
Arkema SA
|
1,254,564
|
142,710
|
|
|
CCL Industries, Inc., Class B, nonvoting shares3
|
2,781,794
|
125,103
|
|
|
Rio Tinto PLC
|
1,570,474
|
116,636
|
|
|
BASF SE
|
2,163,563
|
116,504
|
|
|
Wacker Chemie AG
|
873,765
|
110,271
|
|
|
Antofagasta PLC
|
1,707,913
|
36,535
|
|
|
|
|
|
12,677,519
|
|
Energy 6.87%
|
|
|
|
|
Canadian Natural Resources, Ltd. (CAD denominated)3
|
39,259,982
|
2,572,099
|
|
|
Reliance Industries, Ltd.
|
81,602,916
|
2,532,422
|
|
|
Cenovus Energy, Inc. (CAD denominated)3
|
85,497,441
|
1,424,689
|
|
|
TotalEnergies SE
|
16,985,524
|
1,153,800
|
|
|
Aker BP ASA
|
14,623,747
|
425,007
|
|
|
Neste OYJ
|
10,303,334
|
366,068
|
|
|
Tourmaline Oil Corp.
|
7,614,507
|
342,439
|
|
|
Woodside Energy Group, Ltd.
|
10,834,586
|
229,524
|
|
|
BP PLC
|
22,565,456
|
133,351
|
|
|
Shell PLC (EUR denominated)
|
2,434,011
|
80,003
|
|
|
Shell PLC (GBP denominated)
|
707,377
|
22,982
|
|
|
MEG Energy Corp.2
|
2,437,976
|
43,551
|
|
|
Gazprom PJSC2,4
|
79,314,536
|
—
6
|
|
|
Rosneft Oil Co. PJSC4
|
3,432,340
|
—
6
|
|
|
|
|
|
9,325,935
|
|
Consumer staples 6.35%
|
|
|
|
|
Nestlé SA
|
12,610,870
|
1,459,549
|
|
|
Kweichow Moutai Co., Ltd., Class A
|
4,522,872
|
1,098,630
|
|
|
Ajinomoto Co., Inc.
|
24,128,000
|
932,453
|
|
|
Philip Morris International, Inc.
|
8,224,899
|
773,798
|
|
|
Seven & i Holdings Co., Ltd.
|
15,815,248
|
626,364
|
|
|
Danone SA
|
9,231,272
|
598,752
|
|
|
Pernod Ricard SA
|
2,369,555
|
419,009
|
|
|
Anheuser-Busch InBev SA/NV
|
5,103,411
|
329,713
|
|
|
Treasury Wine Estates, Ltd.
|
30,814,697
|
225,703
|
|
|
Kobe Bussan Co., Ltd.
|
7,079,100
|
208,914
|
|
|
Carlsberg A/S, Class B
|
1,611,202
|
201,947
|
|
|
British American Tobacco PLC
|
6,829,207
|
199,292
|
|
|
JBS SA
|
37,335,309
|
190,844
|
|
|
Nissin Foods Holdings Co., Ltd.
|
4,965,300
|
173,138
|
|
|
Chocoladefabriken Lindt & Sprüngli AG, nonvoting shares
|
13,867
|
166,562
|
|
|
L’Oréal SA, non-registered shares
|
322,196
|
160,198
|
|
|
Godrej Consumer Products, Ltd.
|
10,323,995
|
140,261
|
|
|
Fomento Económico Mexicano, SAB de CV
|
9,040,550
|
117,659
|
|
|
Avenue Supermarts, Ltd.2
|
2,222,151
|
108,934
|
|
|
Uni-Charm Corp.
|
2,974,264
|
107,450
|
|
|
Diageo PLC
|
2,933,082
|
106,513
|
|
|
Asahi Group Holdings, Ltd.3
|
2,461,200
|
91,607
|
|
EuroPacific Growth Fund — Page 6 of 12
unaudited
|
Common stocks (continued)
Consumer staples (continued)
|
|
Shares
|
Value
(000)
|
|
Imperial Brands PLC
|
3,398,005
|
$78,086
|
|
|
Reckitt Benckiser Group PLC
|
1,113,534
|
76,822
|
|
|
Foshan Haitian Flavouring and Food Co., Ltd., Class A
|
4,738,120
|
25,324
|
|
|
|
|
|
8,617,522
|
|
Communication services 3.63%
|
|
|
|
|
Bharti Airtel, Ltd.
|
132,369,038
|
1,639,811
|
|
|
Bharti Airtel, Ltd., interim shares
|
3,458,788
|
26,478
|
|
|
Tencent Holdings, Ltd.
|
20,271,331
|
765,866
|
|
|
Publicis Groupe SA
|
5,595,280
|
520,331
|
|
|
NetEase, Inc.
|
23,480,300
|
435,781
|
|
|
Informa PLC
|
22,722,007
|
225,579
|
|
|
Universal Music Group NV
|
7,325,986
|
209,202
|
|
|
Nintendo Co., Ltd.
|
3,820,200
|
199,629
|
|
|
Nippon Telegraph and Telephone Corp.
|
154,500,800
|
188,629
|
|
|
SoftBank Group Corp.
|
4,137,800
|
182,816
|
|
|
Deutsche Telekom AG
|
6,576,349
|
157,926
|
|
|
Ubisoft Entertainment SA2
|
5,331,044
|
136,441
|
|
|
Capcom Co., Ltd.
|
2,418,200
|
78,086
|
|
|
HYBE Co., Ltd.
|
370,000
|
66,799
|
|
|
Singapore Telecommunications, Ltd.
|
26,074,300
|
48,726
|
|
|
MTN Group, Ltd.
|
3,859,943
|
24,347
|
|
|
América Móvil, SAB de CV, Class B (ADR)
|
1,171,047
|
21,688
|
|
|
|
|
|
4,928,135
|
|
Utilities 0.88%
|
|
|
|
|
ENN Energy Holdings, Ltd.
|
55,028,307
|
404,522
|
|
|
Engie SA
|
20,699,349
|
363,980
|
|
|
E.ON SE
|
11,122,813
|
149,214
|
|
|
Equatorial Energia SA, ordinary nominative shares
|
17,576,371
|
129,191
|
|
|
China Resources Gas Group, Ltd.
|
16,510,200
|
54,048
|
|
|
National Grid PLC
|
2,344,745
|
31,660
|
|
|
Enel SpA
|
4,142,015
|
30,830
|
|
|
Iberdrola, SA, non-registered shares
|
2,356,586
|
30,820
|
|
|
|
|
|
1,194,265
|
|
Real estate 0.51%
|
|
|
|
|
Goodman Logistics (HK), Ltd. REIT
|
14,243,122
|
244,562
|
|
|
ESR Group, Ltd.
|
136,936,200
|
189,013
|
|
|
KE Holdings, Inc., Class A (ADR)
|
6,446,821
|
104,503
|
|
|
Ayala Land, Inc.
|
150,304,607
|
93,506
|
|
|
China Resources Mixc Lifestyle Services, Ltd.
|
18,326,200
|
65,036
|
|
|
|
|
|
696,620
|
|
Total common stocks (cost: $87,387,302,000)
|
|
|
130,533,201
|
|
Preferred securities 0.74%
Health care 0.41%
|
|
|
|
|
Sartorius AG, nonvoting non-registered preferred shares3
|
1,100,593
|
404,930
|
|
|
Grifols, SA, Class B, nonvoting non-registered preferred shares2
|
12,919,206
|
150,089
|
|
|
|
|
|
555,019
|
|
Consumer discretionary 0.18%
|
|
|
|
|
Dr. Ing. h.c. F. Porsche AG, nonvoting non-registered preferred shares
|
2,830,514
|
249,612
|
|
EuroPacific Growth Fund — Page 7 of 12
unaudited
|
Preferred securities (continued)
Financials 0.12%
|
|
Shares
|
Value
(000)
|
|
Itaú Unibanco Holding SA, preferred nominative shares
|
15,688,646
|
$109,092
|
|
|
Banco Bradesco SA, preferred nominative shares
|
14,332,552
|
49,906
|
|
|
|
|
|
158,998
|
|
Information technology 0.03%
|
|
|
|
|
Samsung Electronics Co., Ltd., nonvoting preferred shares
|
936,000
|
45,135
|
|
|
Canva, Inc., Series A, noncumulative preferred shares2,4,5
|
3,308
|
3,528
|
|
|
Canva, Inc., Series A-3, noncumulative preferred shares2,4,5
|
133
|
142
|
|
|
Canva, Inc., Series A-4, noncumulative preferred shares2,4,5
|
11
|
12
|
|
|
Canva, Inc., Series A-5, noncumulative preferred shares2,4,5
|
9
|
10
|
|
|
|
|
|
48,827
|
|
Total preferred securities (cost: $820,516,000)
|
|
|
1,012,456
|
|
Rights & warrants 0.03%
Consumer discretionary 0.03%
|
|
|
|
|
Midea Group Co., Ltd., Class A, warrants, expire 2/26/20242,7
|
5,565,400
|
42,853
|
|
|
Information technology 0.00%
|
|
|
|
|
Constellation Software, Inc., warrants, expire 3/31/20402,4
|
108,820
|
—
6
|
|
|
Total rights & warrants (cost: $44,772,000)
|
|
|
42,853
|
|
Short-term securities 3.88%
Money market investments 3.69%
|
|
|
|
|
Capital Group Central Cash Fund 5.44%1,8
|
50,070,185
|
5,006,518
|
|
|
Money market investments purchased with collateral from securities on loan 0.19%
|
|
|
|
|
State Street Institutional U.S. Government Money Market Fund,
Premier Class 5.32%8,9
|
41,600,000
|
41,600
|
|
|
Dreyfus Treasury Obligations Cash Management, Institutional Shares 5.25%8,9
|
36,400,000
|
36,400
|
|
|
Invesco Short-Term Investments Trust – Government & Agency Portfolio,
Institutional Class 5.27%8,9
|
34,036,543
|
34,036
|
|
|
Fidelity Investments Money Market Government Portfolio, Class I 5.25%8,9
|
33,800,000
|
33,800
|
|
|
Morgan Stanley Institutional Liquidity Funds – Government Portfolio,
Institutional Class 5.27%8,9
|
33,800,000
|
33,800
|
|
|
BlackRock Liquidity Funds – FedFund, Institutional Shares 5.26%8,9
|
28,600,000
|
28,600
|
|
|
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.23%8,9
|
26,000,000
|
26,000
|
|
|
Capital Group Central Cash Fund 5.44%1,8,9
|
182,535
|
18,252
|
|
|
RBC Funds Trust – U.S. Government Money Market Fund,
RBC Institutional Class 1 5.23%8,9
|
7,800,000
|
7,800
|
|
|
|
|
|
260,288
|
|
Total short-term securities (cost: $5,266,993,000)
|
|
|
5,266,806
|
|
Total investment securities 100.77% (cost: $93,519,583,000)
|
|
|
136,855,316
|
|
Other assets less liabilities (0.77)%
|
|
|
(1,051,922
)
|
|
Net assets 100.00%
|
|
|
$135,803,394
|
EuroPacific Growth Fund — Page 8 of 12
unaudited
Investments in affiliates1
|
|
Value at
4/1/2023
(000)
|
Additions
(000)
|
Reductions
(000)
|
Net
realized
gain (loss)
(000)
|
Net
unrealized
appreciation
(depreciation)
(000)
|
Value at
12/31/2023
(000)
|
Dividend
or interest
income
(000)
|
|
Common stocks 3.51%
|
|||||||
|
Industrials 1.44%
|
|
|
|
|
|
|
|
|
Kingspan Group PLC
|
$688,557
|
$263,972
|
$9,676
|
$3,289
|
$202,741
|
$1,148,883
|
$6,015
|
|
Melrose Industries PLC
|
668,036
|
25,021
|
252,670
|
2,505
|
357,004
|
799,896
|
2,085
|
|
|
|
|
|
|
|
1,948,779
|
|
|
Information technology 0.00%
|
|
|
|
|
|
|
|
|
NICE, Ltd.10
|
51,750
|
—
|
41,873
|
8,647
|
(18,524
)
|
—
|
—
|
|
NICE, Ltd. (ADR)2,3,11
|
896,614
|
—
|
336,098
|
(4,267
)
|
(120,213
)
|
—
|
—
|
|
|
|
|
|
|
|
—
|
|
|
Consumer discretionary 1.52%
|
|
|
|
|
|
|
|
|
Flutter Entertainment PLC2
|
1,874,750
|
43,269
|
55,330
|
25,092
|
(84,621
)
|
1,803,160
|
—
|
|
Flutter Entertainment PLC (CDI)2
|
—
|
131,531
|
966
|
(32
)
|
(12,933
)
|
117,600
|
—
|
|
Dowlais Group PLC
|
—
|
250,330
|
1,304
|
165
|
(99,305
)
|
149,886
|
1,915
|
|
|
|
|
|
|
|
2,070,646
|
|
|
Materials 0.55%
|
|
|
|
|
|
|
|
|
Lundin Mining Corp.
|
320,997
|
—
|
4,407
|
(206
)
|
65,593
|
381,977
|
9,333
|
|
First Quantum Minerals, Ltd.
|
1,163,840
|
52,395
|
115,834
|
(36,094
)
|
(700,348
)
|
363,959
|
8,022
|
|
|
|
|
|
|
|
745,936
|
|
|
Energy 0.00%
|
|
|
|
|
|
|
|
|
Canadian Natural Resources, Ltd. (CAD
denominated)3,11
|
3,254,271
|
172,824
|
1,303,196
|
383,255
|
64,945
|
—
|
90,093
|
|
Communication services 0.00%
|
|
|
|
|
|
|
|
|
Sea, Ltd., Class A (ADR)10
|
2,904,270
|
13,379
|
1,644,917
|
(288,901
)
|
(983,831
)
|
—
|
—
|
|
Total common stocks
|
|
|
|
|
|
4,765,361
|
|
|
Short-term securities 3.70%
|
|||||||
|
Money market investments 3.69%
|
|
|
|
|
|
|
|
|
Capital Group Central Cash Fund 5.44%8
|
7,430,845
|
10,168,975
|
12,592,769
|
729
|
(1,262
)
|
5,006,518
|
248,987
|
|
Money market investments purchased with collateral
from securities on loan 0.01%
|
|
|
|
|
|
|
|
|
Capital Group Central Cash Fund 5.44%8,9
|
50,797
|
|
32,545
12
|
|
|
18,252
|
—
13
|
|
Total short-term securities
|
|
|
|
|
|
5,024,770
|
|
|
Total 7.21%
|
|
|
|
$94,182
|
$(1,330,754
)
|
$9,790,131
|
$366,450
|
Restricted securities5
|
|
Acquisition
date(s)
|
Cost
(000)
|
Value
(000)
|
Percent
of net
assets
|
|
Ivanhoe Mines, Ltd., Class A2
|
12/18/2023
|
$230,721
|
$249,478
|
.19
%
|
|
Checkout Payments Group, Ltd., Class B2,4
|
1/11/2022
|
148,840
|
44,314
|
.03
|
|
Canva, Inc.2,4
|
8/26/2021-11/4/2021
|
64,403
|
40,297
|
.03
|
|
Canva, Inc., Series A, noncumulative preferred shares2,4
|
11/4/2021
|
5,639
|
3,528
|
.00
14
|
|
Canva, Inc., Series A-3, noncumulative preferred shares2,4
|
11/4/2021
|
227
|
142
|
.00
14
|
|
Canva, Inc., Series A-4, noncumulative preferred shares2,4
|
11/4/2021
|
19
|
12
|
.00
14
|
|
Canva, Inc., Series A-5, noncumulative preferred shares2,4
|
11/4/2021
|
15
|
10
|
.00
14
|
|
Total
|
|
$449,864
|
$337,781
|
.25
%
|
EuroPacific Growth Fund — Page 9 of 12
unaudited
|
1
|
Affiliate of the fund or part of the same “group of investment companies“ as the fund, as defined under the Investment Company Act of 1940, as amended.
|
|
2
|
Security did not produce income during the last 12 months.
|
|
3
|
All or a portion of this security was on loan. The total value of all such securities was $404,946,000, which represented
.30% of the net assets of the fund.
|
|
4
|
Value determined using significant unobservable inputs.
|
|
5
|
Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities
Act of 1933. The total value of all
such restricted securities was $337,781,000, which represented .25% of the net assets of the fund.
|
|
6
|
Amount less than one thousand.
|
|
7
|
Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) 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 $42,853,000, which
represented .03% of the net assets of the fund.
|
|
8
|
Rate represents the seven-day yield at 12/31/2023.
|
|
9
|
Security purchased with cash collateral from securities on loan.
|
|
10
|
Affiliated issuer during the reporting period but no longer held at 12/31/2023.
|
|
11
|
Affiliated issuer during the reporting period but no longer an affiliate at 12/31/2023. Refer to the investment portfolio
for the security value at 12/31/2023.
|
|
12
|
Represents net activity.
|
|
13
|
Dividend income is included with securities lending income and is not shown in this table.
|
|
14
|
Amount less than .01%.
|
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once
daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.
Security transactions are recorded by the fund as of the date the trades are executed with brokers. 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.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic
conditions evolve.
Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported
sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking
any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party
pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of
inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these
classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
|
Fixed-income class
|
Examples of standard inputs
|
|
All
|
Benchmark yields, transactions, bids, offers, quotations from dealers and
trading systems, new issues, spreads and other relationships observed in
the markets among comparable securities; and proprietary pricing
models such as yield measures calculated using factors such as cash flows,
financial or collateral performance and other reference data (collectively
referred to as “standard inputs”)
|
|
Corporate bonds, notes & loans; convertible securities
|
Standard inputs and underlying equity of the issuer
|
|
Bonds & notes of governments & government agencies
|
Standard inputs and interest rate volatilities
|
|
Mortgage-backed; asset-backed obligations
|
Standard inputs and cash flows, prepayment information, default rates,
delinquency and loss assumptions, collateral characteristics, credit
enhancements and specific deal information
|
EuroPacific Growth Fund — Page 10 of 12
unaudited
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers,
are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities
and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment
adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned
to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of
the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions,
significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity
securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading
but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment
and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions,
as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to
better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are
also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based
on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading
outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the
close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the
risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine
fair value may not always be quoted prices in an active market. The table on the following page presents the fund’s valuation levels as of December 31, 2023 (dollars in thousands):
EuroPacific Growth Fund — Page 11 of 12
unaudited
|
|
Investment securities
|
|||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets:
|
|
|
|
|
|
Common stocks:
|
|
|
|
|
|
Industrials
|
$1,597,335
|
$20,229,163
|
$—
|
$21,826,498
|
|
Information technology
|
3,352,959
|
17,163,641
|
40,297
|
20,556,897
|
|
Consumer discretionary
|
3,082,407
|
14,090,195
|
—
|
17,172,602
|
|
Financials
|
2,033,972
|
14,761,285
|
44,314
|
16,839,571
|
|
Health care
|
647,686
|
16,049,951
|
—
|
16,697,637
|
|
Materials
|
2,837,375
|
9,840,144
|
—
|
12,677,519
|
|
Energy
|
4,382,778
|
4,943,157
|
—
*
|
9,325,935
|
|
Consumer staples
|
891,457
|
7,726,065
|
—
|
8,617,522
|
|
Communication services
|
21,688
|
4,906,447
|
—
|
4,928,135
|
|
Utilities
|
—
|
1,194,265
|
—
|
1,194,265
|
|
Real estate
|
104,503
|
592,117
|
—
|
696,620
|
|
Preferred securities
|
—
|
1,008,764
|
3,692
|
1,012,456
|
|
Rights & warrants
|
—
|
42,853
|
—
*
|
42,853
|
|
Short-term securities
|
5,266,806
|
—
|
—
|
5,266,806
|
|
Total
|
$24,218,966
|
$112,548,047
|
$88,303
|
$136,855,316
|
*
Amount less than one thousand.
|
Key to abbreviation(s)
|
|
ADR = American Depositary Receipts
|
|
CAD = Canadian dollars
|
|
CDI = CREST Depository Interest
|
|
EUR = Euros
|
|
GBP = British pounds
|
|
REIT = Real Estate Investment Trust
|
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information
is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before
investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All
other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc., member FINRA.
© 2024 Capital Group. All rights reserved.
MFGEFP3-016-0224O-S96468
EuroPacific Growth Fund — Page 12 of 12