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: 811-05104

Capital World Bond 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: December 31

Date of reporting period: December 31, 2021

Brian C. Janssen

Capital World Bond Fund

6455 Irvine Center Drive

Irvine, California 92618

(Name and Address of Agent for Service)

ITEM 1 – Reports to Stockholders

Capital World Bond Fund^®   Annual report
for the year ended
December 31, 2021

Find diverse total
return opportunities
in global bonds

Capital World Bond Fund seeks to provide you, over the long term, with a high level of total return consistent with prudent investment management. Total return comprises the income generated by the fund and the changes in the market value of the fund’s investments.

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 over 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 3.75%) had been deducted, the results would have been lower. Results are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. For current information and month-end results, visit capitalgroup.com.

See page 4 for Class F-2 share results and Class A share results with relevant sales charges deducted. 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, results reflect fee waivers and/or expense reimbursements, without which they would have been lower. Visit capitalgroup.com for more information.

The fund’s 30-day yield as of January 31, 2022, was 2.00% for Class F-2 shares and 1.61% for Class A shares calculated in accordance with the U.S. Securities and Exchange Commission formula. The fund’s distribution rate as of that date was 2.40% for Class F-2 shares and 1.96% for Class A shares. The Class A share results for both reflect the 3.75% maximum sales charge. The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities, while the distribution rate reflects the fund’s past dividends paid to shareholders. Accordingly, the fund’s SEC yield and distribution rate may differ.

The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. High-yield and lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than investment-grade and higher rated bonds. Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. Investing in bonds issued outside the U.S. may be subject to additional risks. They include currency fluctuations, political and social instability, differing securities regulations and accounting standards, higher transaction costs, possible changes in taxation, 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
5	Investment portfolio
40	Financial statements
74	Board of trustees and other officers

Fellow investors:

Global investment-grade bonds came under pressure during Capital World Bond Fund’s fiscal year as many foreign currencies weakened — mainly in the second half of the year. Higher rated bonds were the hardest hit as riskier investments continued to rally despite meaningful obstacles. These included the ongoing pandemic and new COVID-19 variants, skyrocketing inflation, and the U.S. Federal Reserve’s signaling of reduced asset purchases and potential rate hikes in early 2022.

Against this eventful backdrop, Capital World Bond Fund Class F-2 shares recorded a return of -4.85% for the 12-month period ended December 31, 2021. This result slightly lagged the Bloomberg Global Aggregate Index, a measure of global investment-grade (rated BBB/Baa and above) fixed income markets, which declined by 4.71%. Longer term results for Capital World Bond Fund, shown on the table below, represent much stronger relative returns, however, and reflect Capital Group’s long-term perspective.

Sector/industry-allocation decisions and security selection were the main positive contributors to relative results. Currency exposure was also additive, although this was largely offset by the impact from select currency hedging strategies. Country and market allocation decisions detracted from comparative results, driven by duration management. Curve positioning was a modest detractor.

The portfolio’s underweight allocation to the euro was the most significant contributor to relative currency returns during the year. An allocation to the Egyptian pound, as well as an overweight to the Russian ruble, added to comparative results as well. Conversely, a modest overweight exposure to the Japanese yen detracted from relative returns. Holdings denominated in the Turkish lira also weighed on results.

The fund’s 12-month return fell short of the Lipper Global Income Funds Average, a peer group measure, which fell by just 3.09% over the period.

Results at a glance

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

	Cumulative total returns			Average annual total returns
	1 year			5 years			10 years			Lifetime (since Class A inception on 8/4/87)
Capital World Bond Fund (Class F-2 shares)1		–4.85	%		3.78	%		2.41	%		5.99	%
Capital World Bond Fund (Class A shares)		–5.17			3.46			2.10			5.70
Bloomberg Global Aggregate Index2		–4.71			3.36			1.77			5.63
Lipper Global Income Funds Average3		–3.09			3.39			2.47			5.81

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. Visit capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.
2	Bloomberg source: Bloomberg Index Services Ltd. The Bloomberg Global Aggregate Index began on December 31, 1989. For the period of August 4, 1987, to December 31, 1989, the FTSE World Government Bond Index was used. The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index. FTSE data: © 2022 FTSE Index LLC. All rights reserved.
3	Source: Refinitiv Lipper. Lipper averages reflect the current composition of all eligible mutual funds (all share classes) within a given category. Lipper categories are dynamic and averages may have few funds, especially over longer periods. To see the number of funds included in the Lipper category for each fund’s lifetime, please see the Quarterly Statistical Update, available on our website.

Capital World Bond Fund 1

As a category, “Global Income” includes a broad spectrum of funds, such as those with substantial investments in high-yield (rated BB/Ba and below) bonds, for example, which benefited from the strong rally in riskier assets. In contrast to some competitors, this fund strives to take a relatively cautious and diversified approach.

United States

U.S. fixed income markets were mixed as investors digested sharply higher inflation and prospects for tighter monetary policy. The 10-year U.S. Treasury yield increased 59 basis points to 1.51% — with most of this increase happening from January to March 2021. Treasury Inflation-Protected Securities rose 5.96%, outpacing most other fixed income assets. The Bloomberg U.S. Aggregate Index declined 1.54%. The Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index advanced 5.26%.

The U.S. economy grew 2.3% in the third quarter, following an increase of 6.7% in the second quarter and 6.3% in the first quarter. Supply chain bottlenecks and other shocks weighed on growth, despite a tightening labor market. The unemployment rate fell to 4.2% in November, the lowest since the start of the pandemic. Meanwhile, the December initial jobless claims report hovered near 50-year lows.

Global supply chain disruptions contributed to the fastest inflation growth rate since 1982. The Consumer Price Index climbed 6.8% over the previous year in November. Core inflation, which excludes food and energy, was 4.9%. Components with some of the fastest year-over-year price increases included used cars and trucks, gasoline and lumber. The GSCI Commodity Index surged 40% year-to-date through December, led by sharply higher energy prices. At its December 2021 meeting, the Fed noted that it expected to raise rates three times in 2022, an increase from its March meeting, when it indicated no hikes were likely through at least 2023.

Exposure to the U.S. bond market at year-end was 41.6% of the fund total. The fund remains very low in mortgage-backed securities. The Fed is reducing its purchases and may even start reducing its holdings later in the year. With a low relative exposure to securitized investments, the fund is positioned for mortgage bond spreads to potentially widen. U.S. treasury holdings varied through the year but finished at 15.4% of the fund. The treasury positions often balanced other investments in the fund.

Europe

Returns for European bond markets were negative. Most of the world’s central banks allowed inflation to run high as countries fully lifted pandemic lockdowns. However, the discovery of a new, more contagious variant in December, ushered in fresh restrictions and created uncertainty about the global economy. The Bloomberg Euro-Aggregate Index declined 9.71% while the Bloomberg U.K.-Aggregate Index fell 5.41%. High yield, as measured by the Bloomberg Pan-European High Yield Index, returned –3.15%. The euro declined 7.1% against the U.S. dollar.

Many central banks around the world announced measures to curb inflation in the second half of 2021. The Bank of England increased its benchmark interest rate to 0.25% from 0.1%, becoming the world’s first major central bank to do so since the pandemic began. In the U.S., the Fed signaled three interest rate increases in 2022, and an end to its bond buying program. The European Central Bank also announced it would end its EUR 1.85 trillion pandemic-era bond buying program.

The pace of eurozone economic growth slowed as supply chain issues and high energy prices squeezed manufacturing sectors. Brent crude, an international benchmark for oil extracted from the North Sea of Northwestern Europe, rallied 53% for the year to $79.32 a barrel. The yield on Germany’s benchmark 10-year note increased to –0.18% at year-end versus –0.57% on December 31. Similar maturities in France rose 54 basis points to 0.20%. Yields rose 78 bps in the U.K. with the 10-year at 0.97%.

As of December 31, 2021, European currency exposure accounted for 25.5% of the fund’s portfolio (before currency hedging), of which 23.9% was bond exposure. Portfolio managers trimmed exposure overall, with rotations out of holdings of government bonds from countries like France, Italy and Greece. Though investments in Romania and the U.K. were added earlier in the period, managers generally saw less value in core euro area bonds like German bunds.

Other developed markets

Japan’s economy struggled as states of emergency crimped consumer activity for much of the year. Retail sales contracted in mid-summer as the delta variant drove a spike in COVID-19 cases. Industrial production lost momentum through much of the second half as semiconductor shortages weighed on automakers. Toward year-end, the government closed the country’s border to fend off the omicron variant and announced a record ¥56 trillion (US$487 billion) fiscal stimulus package to support growth.

The Japanese government was criticized for its slow vaccine rollout as less than 1%

2 Capital World Bond Fund

of the country’s population had received a vaccine by the end of March 2021. Public disapproval of the COVID-19 response led Prime Minister Yoshihide Suga to step down. He was succeeded in October by Fumio Kishida, whose Liberal Democratic Party retained power with a better-than-expected majority.

The Bank of Japan struggled to stem declining consumer prices. It maintained ultra-easy monetary policy while widening the band around its 0% target for 10-year government bond yields and extending pandemic relief programs. Its efforts bore fruit in November as inflation rose 0.6% year-over-year, the largest increase in nearly two years. In December it announced plans to taper its corporate debt purchases and keep negative policy rates.

Given the prevalence of sub- and near-zero yields among Japanese bonds, the World Bond Fund’s exposure to Japan remains less than that of its benchmark. As of December 31, Japanese yen-denominated bond exposure accounted for 6.8% of the fund’s portfolio, before currency hedging.

Developing markets

Emerging markets bonds and currencies weakened through most of the year. The weakness was likely the result of expectations of tighter Fed policy, though it was unexpected that emerging markets did not benefit more from rising commodity prices and global economic growth. Markets like Turkey saw a significant decline as the government struggled to contain inflation and a weakening currency. The country’s central bank cut rates in a move that surprised markets as inflation was rising.

Rising inflation forced many central banks to hike interest rates throughout the year. Brazil hiked its benchmark rate by more than 7 percentage points to 9.25%. Mexico’s key lending rate gradually increased to 5.5% from 4% in May. Russia raised its key rate over the course of the year by 425 basis points to 8.5%.

The fund’s exposure to emerging markets was diversified with many small positions. The overall allocation to emerging markets was relatively unchanged at 9.1% exposure, of which 0.7% was hedged. China local exposure, however, ended the year at 9.1%, up from the beginning of the year when exposure was 6.3%. The Chinese bond market benefited from the slowing domestic economy with the country’s real estate sector weighing on growth. The currency, however, strengthened through the year supported by solid exports.

Looking ahead

To ensure the fund remains flexible as it strives to find the best opportunities, the global team of investment professionals meets two or three times a year to discuss asset allocation, currencies, risk and relative value. Our Global Strategy Meeting process has a dynamic impact on the fund’s portfolio construction.

Tactically, we are cautious about the risk of being short duration while global inflation is likely to slow into the summer months, but we are expecting “real” yields to rise in 2022. For now, we will likely remain underweight in credit risk due to expensive valuations, slowing growth, cost pressures and the reduction and potential reversal of quantitative easing in 2022.

Investing in some Eastern European bond markets is becoming attractive given the combination of rising yields and what we think are attractive currency valuations. Additionally, the Japanese yen as a hedge seems attractive as a value investment, where unlike duration, it appears relatively cheap. Furthermore, we will be keeping an eye on certain emerging markets like Mexico, Colombia, Chile, South Africa and Russia that offer higher yields and diversification and could benefit from a potentially weaker U.S. dollar environment.

We think some of these areas could offer potential opportunities should the economies open up further, but overall, we plan to remain relatively conservatively positioned but stand ready to take advantage of market opportunities as they appear.

Thank you for your continued commitment to our risk-disciplined and long-term approach to global bond investing.

We look forward to reporting to you again in 12 months.

Cordially,

Thomas H. Høgh
President

February 9, 2022

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

Capital World Bond Fund 3

The value of a long-term perspective

How a hypothetical $10,000 investment has grown over the fund’s lifetime.

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 3.75% on the $10,000 investment.¹ Thus, the net amount invested was $9,625.² Investing for short periods makes losses more likely.

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

1	As outlined in the prospectus, the sales charge is reduced for accounts (and aggregated investments) of $100,000 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 4.75% prior to January 10, 2000.
3	With dividends and capital gains reinvested or interest compounded. Results of the FTSE World Government Bond Index are represented by the black line. FTSE data: © 2022 FTSE Index LLC. All rights reserved.
4	Bloomberg source: Bloomberg Index Services Ltd. Bloomberg Global Aggregate Index did not exist until December 31, 1989. For the period of August 4, 1987, through December 31, 1989, the FTSE World Government Bond Index results were used.
5	For the period of August 4, 1987, commencement of operations, through December 31, 1987.

The market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.

Past results are not predictive of results for future periods. The results shown are before taxes on fund distributions and sale of fund shares.

Average annual total returns based on a $1,000 investment (for periods ended December 31, 2021)

	1 year			5 years			10 years
Class F-2 shares		–4.85	%		3.78	%		2.41	%
Class A shares*		–8.72			2.67			1.70

* Assumes payment of the maximum 3.75% sales charge.

The total annual fund operating expense ratios are 0.59% for Class F-2 shares and 0.93% for Class A shares as of the prospectus dated March 1, 2022 (unaudited).

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

4 Capital World Bond Fund

Investment portfolio December 31, 2021
Portfolio by type of security	Percent of net assets

Bonds & notes of governments & government agencies outside the U.S.			Percent of net assets
Eurozone*:
Italy	2.96	%
Germany	1.91
France	1.56
Spain	1.51
Greece	.96
Ireland	.21
Belgium	.09
Portugal	.09
Lithuania	.01
Luxembourg	—	†		9.30	%
China				9.14
Japan				5.69
United Kingdom				4.16
Canada				2.41
Russian Federation				1.80
Mexico				1.64
Malaysia				1.45
Australia				1.09
Other				12.13
				48.81	%

*	Countries using the euro as a common currency: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.
†	Amount less than .01%

Bonds, notes & other debt instruments 92.35%	Principal amount (000)		Value (000)
Euros 15.68%
Abbott Laboratories 1.50% 2026	€	2,215	$	2,680
Allianz SE 0.25% 2023		1,900		2,179
Allianz SE 1.375% 2031		1,900		2,357
Allianz SE 5.625% 2042 (3-month EUR-EURIBOR + 5.00% on 10/17/2022)1		800		950
Allianz SE 4.75% perpetual bonds (3-month EUR-EURIBOR + 3.60% on 10/24/2023)1		13,900		17,091
Altria Group, Inc. 2.20% 2027		27,450		33,282
American Honda Finance Corp. 0.30% 2028		750		846
American Tower Corp. 0.45% 2027		7,925		8,925
American Tower Corp. 0.875% 2029		8,385		9,454
American Tower Corp. 1.25% 2033		5,600		6,244
Anheuser-Busch InBev NV 1.125% 2027		3,275		3,879
Anheuser-Busch InBev NV 2.875% 2032		805		1,093
AT&T, Inc. 1.60% 2028		2,290		2,758
AT&T, Inc. 2.05% 2032		6,250		7,749
Bank of America Corp. 0.58% 2029 (3-month EUR-EURIBOR + 0.73% on 8/8/2028)1,2		8,140		9,195

Capital World Bond Fund 5

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Euros (continued)
Bayer Capital Corp. BV 1.50% 2026	€	2,400	$	2,867
Belgium (Kingdom of), Series 72, 2.60% 2024		5,340		6,565
Belgium (Kingdom of), Series 89, 0.10% 2030		2,630		3,017
Belgium (Kingdom of), Series 88, 1.70% 2050		3,200		4,358
BMW Finance NV 1.125% 2026		1,620		1,931
BMW Finance NV 1.50% 2029		3,000		3,725
BP Capital Markets BV 0.933% 2040		530		543
British American Tobacco International Finance PLC 2.75% 2025		8,000		9,807
Buzzi Unicem SpA 2.125% 2023		2,000		2,332
CaixaBank, SA 1.375% 2026		13,100		15,436
CaixaBank, SA 2.25% 2030 (5-year EUR Annual (vs. 6-month EUR-EURIBOR) + 1.68% on 4/17/2025)1		25,400		30,061
Cameroon (Republic of) 5.95% 2032		850		911
Capital One Financial Corp. 1.65% 2029		1,975		2,357
Chubb, Ltd. 1.55% 2028		1,040		1,255
Cloverie PLC 1.75% 2024		7,100		8,489
Comcast Corp. 0% 2026		18,915		21,262
Comcast Corp. 0.25% 2027		6,700		7,579
Comcast Corp. 0.25% 2029		8,195		9,128
Comcast Corp. 1.25% 2040		1,300		1,458
Cote d’Ivoire (Republic of) 5.25% 2030		3,950		4,604
Cote d’Ivoire (Republic of) 5.875% 2031		4,575		5,363
Cote d’Ivoire (Republic of) 4.875% 2032		6,700		7,358
Crédit Agricole SA 0.50% 2024		1,200		1,385
CRH Finance DAC 3.125% 2023		1,100		1,304
Daimler AG 1.375% 2028		3,000		3,666
DH Europe Finance II SARL 0.45% 2028		2,550		2,906
Dow Chemical Co. 0.50% 2027		1,170		1,328
Dow Chemical Co. 1.125% 2032		640		729
Dow Chemical Co. 1.875% 2040		1,000		1,198
EDP - Energias de Portugal, SA, junior subordinated, 1.875% 2081 (5-year EUR-ICE Swap EURIBOR + 2.38% on 8/2/2026)1		4,000		4,519
Egypt (Arab Republic of) 5.625% 2030		3,720		3,836
Egypt (Arab Republic of) 5.625% 2030		700		722
Egypt (Arab Republic of) 6.375% 2031		600		632
Enel Finance International SA 1.00% 2024		4,000		4,675
Equinix, Inc. 0.25% 2027		2,820		3,154
Equinix, Inc. 1.00% 2033		10,800		11,835
Equinor ASA 1.375% 2032		2,020		2,447
European Financial Stability Facility 0.40% 2025		26,000		30,317
European Financial Stability Facility 0% 2027		1,610		1,848
European Investment Bank 0% 2031		2,020		2,281
European Union 0% 2025		350		404
European Union 0% 2026		3,590		4,148
European Union 0% 2026		1,660		1,918
European Union 0% 2028		23,300		26,785
European Union 0% 2028		1,870		2,148
European Union 0% 2031		13,250		14,986
European Union 0% 2035		1,355		1,476
European Union 0.20% 2036		12,080		13,466
French Republic O.A.T. 0.50% 2025		4,370		5,139
French Republic O.A.T. 0% 2027		3,500		4,037
French Republic O.A.T. 1.00% 2027		740		901
French Republic O.A.T. 0% 2030		122,000		137,615
French Republic O.A.T. 0% 2031		2,700		3,015
French Republic O.A.T. 1.25% 2034		10,090		12,727
French Republic O.A.T. 0.50% 2040		25,850		28,766
French Republic O.A.T. 0.50% 2044		1,620		1,763
French Republic O.A.T. 2.00% 2048		870		1,275
French Republic O.A.T. 0.75% 2052		47,960		52,246
French Republic O.A.T. 1.75% 2066		380		544
General Motors Financial Co. 0.20% 20222		1,360		1,553
Germany (Federal Republic of) 0% 2025		15,260		17,739
Germany (Federal Republic of) 0% 2026		1,500		1,746
Germany (Federal Republic of) 0.25% 2027		25,380		29,953
Germany (Federal Republic of) 0% 2030		75,820		88,332
Germany (Federal Republic of) 0% 2030		1,346		1,577
Germany (Federal Republic of) 0% 2031		75,650		87,687
Germany (Federal Republic of) 0% 2031		6,710		7,796

6 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Euros (continued)
Germany (Federal Republic of) 0% 2036	€	13,845	$	15,748
Germany (Federal Republic of) 0% 2050		42,875		46,754
Germany (Federal Republic of) 0% 2050		310		342
Germany (Federal Republic of) 0% 2052		6,247		6,738
Goldman Sachs Group, Inc. 1.00% 20332		22,674		25,428
Greece (Hellenic Republic of) 3.45% 2024		16,970		20,908
Greece (Hellenic Republic of) 3.375% 2025		71,970		90,342
Greece (Hellenic Republic of) 0% 2026		21,840		24,308
Greece (Hellenic Republic of) 2.00% 2027		13,760		16,728
Greece (Hellenic Republic of) 1.875% 2052		430		483
Groupe BPCE SA 0.875% 2024		700		812
Groupe BPCE SA 1.00% 2025		10,900		12,748
Groupe BPCE SA 2.75% 2027 (5-year EUR Mid-Swap + 2.37% on 11/30/2022)1		1,100		1,284
Hannover Rück SE 1.125% 2028		4,200		5,061
Highland Holdings SARL 0.318% 2026		1,950		2,217
Highland Holdings SARL 0.934% 2031		330		377
Honeywell International, Inc. 0.75% 2032		2,930		3,320
Iberdrola, SA 1.875% junior subordinated perpetual bonds (5-year EUR Annual (vs. 6-month EURIBOR) + 1.592% on 5/22/2023)1		1,600		1,861
Iberdrola, SA 2.25% junior subordinated perpetual bonds (5-year EUR Mid-Swap + 2.574% on 4/28/2029)1		7,900		9,189
Indonesia (Republic of) 0.90% 2027		1,980		2,261
Ireland (Republic of) 0.90% 2028		280		340
Ireland (Republic of) 0.20% 2030		6,830		7,835
Ireland (Republic of) 0% 2031		22,100		24,578
Israel (State of) 2.875% 2024		7,700		9,337
Israel (State of) 1.50% 2027		4,275		5,224
Israel (State of) 1.50% 2029		3,875		4,800
Italy (Republic of) 1.85% 2025		30,640		36,899
Italy (Republic of) 0% 2026		2,000		2,234
Italy (Republic of) 0.85% 2027		18,465		21,441
Italy (Republic of) 0.95% 2027		20,340		23,654
Italy (Republic of) 0.25% 2028		212,585		236,080
Italy (Republic of) 2.80% 2028		41,144		53,450
Italy (Republic of) 1.35% 2030		690		812
Italy (Republic of) 1.65% 2030		10,580		12,674
Italy (Republic of) 0.95% 2031		2,400		2,679
Italy (Republic of) 1.45% 2036		17,940		20,461
Italy (Republic of) 1.80% 2041		3,360		3,869
Italy (Republic of) 1.70% 2051		500		535
Italy Buoni Poliennali Del Tesoro 0.90% 2031		50,440		56,517
Lloyds Banking Group PLC 1.75% 2028 (5-year EUR-EURIBOR + 1.30% on 9/7/2023)1		12,400		14,505
Luxembourg (Grand Duchy of) 0% 2032		271		301
LYB International Finance BV 1.625% 2031		500		608
LYB International Finance II BV 0.875% 2026		1,000		1,163
Marsh & McLennan Companies, Inc. 1.349% 2026		1,890		2,248
Marsh & McLennan Companies, Inc. 1.979% 2030		1,000		1,246
Medtronic Global Holdings SCA 1.125% 2027		7,500		8,913
Medtronic Global Holdings SCA 1.00% 2031		7,720		9,077
Medtronic Global Holdings SCA 1.375% 2040		1,426		1,623
Metropolitan Life Global Funding I 0.875% 20222		1,000		1,139
Morocco (Kingdom of) 1.50% 2031		14,230		14,927
Netflix, Inc. 3.625% 2027		3,800		4,976
Netflix, Inc. 3.875% 20292		3,800		5,231
Orange SA 2.00% 2029		400		506
Petroleos Mexicanos 5.50% 2025		16,330		20,185
Philip Morris International, Inc. 2.875% 2026		3,500		4,402
Philip Morris International, Inc. 0.80% 2031		5,800		6,371
Philippines (Republic of) 0.25% 2025		9,880		11,222
Philippines (Republic of) 0.70% 2029		5,480		6,194
Portuguese Republic 1.95% 2029		60		77
Portuguese Republic 0.475% 2030		9,770		11,304
Portuguese Republic 0.30% 2031		700		785
Portuguese Republic 0.90% 2035		1,170		1,358
Portuguese Republic 1.00% 2052		370		383
Public Storage 0.50% 2030		2,490		2,748
Quebec (Province of) 0.25% 2031		5,980		6,695
Raytheon Technologies Corp. 2.15% 2030		3,400		4,260
Romania 2.75% 2026		1,000		1,225

Capital World Bond Fund 7

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Euros (continued)
Romania 1.375% 2029	€	640	$	697
Romania 1.75% 2030		18,675		19,888
Romania 3.624% 2030		45,999		56,899
Romania 2.00% 2032		740		784
Romania 2.00% 2033		17,540		18,249
Romania 3.50% 2034		375		451
Russian Federation 2.875% 2025		15,300		18,734
Russian Federation 2.875% 2025		5,100		6,245
Santander Issuances, SA Unipersonal 3.25% 2026		7,200		9,043
Serbia (Republic of) 3.125% 2027		63,753		77,537
Serbia (Republic of) 3.125% 2027		5,390		6,555
Serbia (Republic of) 1.50% 2029		18,583		20,510
Serbia (Republic of) 2.05% 2036		16,570		17,321
Shell International Finance BV 0.875% 2039		4,570		4,786
Spain (Kingdom of) 2.75% 2024		17,030		21,178
Spain (Kingdom of) 0.80% 2027		83,500		99,213
Spain (Kingdom of) 1.40% 2028		2,455		3,032
Spain (Kingdom of) 1.45% 2029		10,215		12,668
Spain (Kingdom of) 0.50% 2030		3,030		3,495
Spain (Kingdom of) 1.25% 2030		31,859		38,897
Spain (Kingdom of) 0.10% 2031		2,335		2,567
Spain (Kingdom of) 0.50% 2031		38,919		44,072
Spain (Kingdom of) 1.85% 2035		630		810
Spain (Kingdom of) 1.00% 2042		880		976
Spain (Kingdom of) 2.70% 2048		7,290		10,911
Spain (Kingdom of) 1.00% 2050		1,800		1,863
Spain (Kingdom of) 1.45% 2071		240		239
State Grid Europe Development PLC 1.50% 2022		1,325		1,509
State Grid Overseas Investment, Ltd. 1.25% 2022		6,625		7,592
State Grid Overseas Investment, Ltd. 1.375% 2025		2,050		2,422
State Grid Overseas Investment, Ltd. 2.125% 2030		800		988
Stryker Corp. 0.25% 2024		5,290		6,055
Stryker Corp. 0.75% 2029		5,230		5,997
Stryker Corp. 1.00% 2031		2,410		2,779
Sweden (Kingdom of) 0.125% 2023		3,000		3,446
Takeda Pharmaceutical Company, Ltd. 0.75% 2027		3,230		3,749
Thermo Fisher Scientific (Finance I) BV 0.80% 2030		1,190		1,365
Thermo Fisher Scientific (Finance I) BV 1.625% 2041		690		802
Toyota Motor Credit Corp. 0.625% 2024		1,000		1,159
Tunisia (Republic of) 6.75% 2023		8,408		8,030
Tunisia (Republic of) 5.625% 2024		11,070		10,042
Tunisia (Republic of) 6.375% 2026		13,500		11,758
Turkey (Republic of) 4.375% 2027		6,910		7,374
Ukraine 6.75% 2026		13,243		14,394
Ukraine 4.375% 2030		15,050		13,849
Ukraine 4.375% 2030		1,800		1,656
UniCredit SpA 4.875% 2029 (5-year EUR-ICE Swap EURIBOR + 4.739% on 2/20/2024)1		7,750		9,478
Veolia Environnement 1.59% 2028		1,900		2,327
Verizon Communications, Inc. 0.375% 2029		12,350		13,840
Verizon Communications, Inc. 1.25% 2030		6,000		7,117
Verizon Communications, Inc. 0.75% 2032		6,025		6,712
Volkswagen Financial Services AG 1.375% 2023		5,480		6,397
Volkswagen Leasing GMBH 0.50% 2022		760		869
Wellcome Trust, Ltd. 1.125% 2027		3,000		3,604
Westlake Chemical Corp. 1.625% 2029		1,750		2,066
				2,496,608
Chinese yuan renminbi 9.14%
Agricultural Development Bank of China 3.75% 2029	CNY	58,370		9,556
Agricultural Development Bank of China 2.96% 2030		405,630		62,917
China (People’s Republic of), Series INBK, 1.99% 2025		31,500		4,857
China (People’s Republic of), Series INBK, 2.69% 2026		121,000		19,080
China (People’s Republic of), Series INBK, 3.03% 2026		277,230		44,300
China (People’s Republic of), Series 1916, 3.12% 2026		554,070		88,901
China (People’s Republic of), Series INBK, 2.85% 2027		843,000		133,617
China (People’s Republic of), Series INBK, 3.28% 2027		153,290		24,824
China (People’s Republic of), Series INBK, 2.91% 2028		199,840		31,588
China (People’s Republic of), Series 1915, 3.13% 2029		75,090		12,020

8 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Chinese yuan renminbi (continued)
China (People’s Republic of), Series 1906, 3.29% 2029	CNY	245,300	$	39,570
China (People’s Republic of), Series INBK, 2.68% 2030		290,920		44,981
China (People’s Republic of), Series INBK, 3.27% 2030		490,560		79,625
China (People’s Republic of), Series INBK, 3.02% 2031		18,000		2,870
China (People’s Republic of), Series 1910, 3.86% 2049		1,314,670		222,348
China (People’s Republic of), Series INBK, 3.39% 2050		73,330		11,453
China (People’s Republic of), Series INBK, 3.81% 2050		206,700		34,767
China (People’s Republic of), Series INBK, 3.72% 2051		12,000		1,999
China Development Bank Corp., Series 1804, 4.69% 2023		200,000		32,255
China Development Bank Corp., Series 2008, 2.89% 2025		258,050		40,739
China Development Bank Corp., Series 1909, 3.50% 2026		48,800		7,844
China Development Bank Corp., Series 1904, 3.68% 2026		95,130		15,405
China Development Bank Corp., Series 2009, 3.39% 2027		327,410		52,481
China Development Bank Corp., Series 2004, 3.43% 2027		627,420		100,791
China Development Bank Corp., Series 1805, 4.04% 2028		1,018,480		169,687
China Development Bank Corp., Series 1805, 4.88% 2028		232,310		40,300
China Development Bank Corp., Series 1905, 3.48% 2029		303,200		48,862
China Development Bank Corp., Series 2005, 3.07% 2030		502,770		78,552
				1,456,189
Japanese yen 6.80%
Banco Santander, SA 0.568% 2023	¥	600,000		5,229
Banque Federative du Credit Mutuel 0.443% 2023		100,000		873
Export-Import Bank of India 0.59% 2022		2,400,000		20,852
Goldman Sachs Group, Inc. 2.00% 20222		130,000		1,145
Goldman Sachs Group, Inc. 2.00% 20222		110,000		968
Goldman Sachs Group, Inc. 2.80% 20222		100,000		871
Goldman Sachs Group, Inc. 2.84% 20222		120,000		1,046
Goldman Sachs Group, Inc. 2.86% 20222		100,000		871
Goldman Sachs Group, Inc. 2.86% 20222		100,000		871
Groupe BPCE SA 0.64% 2022		2,800,000		24,348
Groupe BPCE SA 0.645% 2023		1,500,000		13,107
Hungary 0.52% 2023		200,000		1,743
Indonesia (Republic of) 0.54% 2022		800,000		6,964
Indonesia (Republic of) 0.89% 2022		700,000		6,104
Indonesia (Republic of) 0.92% 2023		100,000		877
Indonesia (Republic of) 1.13% 2023		1,100,000		9,686
Intesa Sanpaolo SpA 1.36% 2022		600,000		5,227
Japan, Series 17, 0.10% 20233		1,465,060		12,908
Japan, Series 18, 0.10% 20243		2,575,620		22,772
Japan, Series 341, 0.30% 2025		1,567,450		13,836
Japan, Series 21, 0.10% 20263		1,530,000		13,687
Japan, Series 346, 0.10% 2027		7,636,600		67,011
Japan, Series 347, 0.10% 2027		1,800,000		15,799
Japan, Series 23, 0.10% 20283		8,617,859		77,541
Japan, Series 24, 0.10% 20293		625,342		5,651
Japan, Series 26, 0.005% 20313		3,878,719		35,051
Japan, Series 362, 0.10% 2031		9,098,150		79,603
Japan, Series 363, 0.10% 2031		7,067,000		61,726
Japan, Series 145, 1.70% 2033		8,945,000		91,361
Japan, Series 152, 1.20% 2035		24,320,800		238,114
Japan, Series 161, 0.60% 2037		2,087,600		18,917
Japan, Series 173, 0.40% 2040		462,750		3,997
Japan, Series 176, 0.50% 2041		741,900		6,492
Japan, Series 42, 1.70% 2044		3,145,000		34,047
Japan, Series 53, 0.60% 2046		971,800		8,482
Japan, Series 37, 0.60% 2050		5,218,850		44,478
Japan, Series 70, 0.70% 2051		6,274,150		54,843
Korea National Oil Corp. 0.24% 2022		100,000		869
Lloyds Banking Group PLC 0.65% 2023		400,000		3,494
Malayan Banking Bhd. 0.27% 2022		400,000		3,478
Philippines (Republic of) 0.001% 2024		5,700,000		49,272
PT Perusahaan Listrik Negara 0.43% 2022		400,000		3,470
Renault SA 0.50% 2022		100,000		867
Santander Consumer Finance SA 0.325% 2022		100,000		868
Société Générale 0.804% 2023		100,000		874

Capital World Bond Fund 9

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Japanese yen (continued)
Tunisia (Republic of) 3.28% 2027	¥	700,000	$	3,894
United Mexican States 0.62% 2022		200,000		1,740
United Mexican States 0.60% 2023		700,000		6,094
				1,082,018
British pounds 4.33%
Comcast Corp. 1.50% 2029	£	600		805
Comcast Corp. 1.875% 2036		400		533
Electricité de France SA 6.00% 2114		700		1,713
Fiserv, Inc. 2.25% 2025		150		209
HSBC Holdings PLC 3.00% 2030 (1-year EUR Annual (vs. 6-month GBP-LIBOR) + 1.77% on 5/29/2029)1		8,000		11,404
HSBC Holdings PLC 5.375% 2030 (3-month GBP-LIBOR + 1.50% on 11/4/2025)1		840		1,281
Lloyds Banking Group PLC 7.625% 2025		450		723
National Grid Transco PLC 1.375% 2026		290		389
National Grid Transco PLC 4.00% 2027		2,460		3,724
Nestlé Finance International, Ltd. 2.25% 2023		400		556
United Kingdom 1.75% 2022		19,400		26,525
United Kingdom 0.125% 2023		970		1,307
United Kingdom 2.25% 2023		4,650		6,468
United Kingdom 0.125% 2024		33,500		44,841
United Kingdom 1.00% 2024		117,000		159,705
United Kingdom 0.625% 2025		2,100		2,838
United Kingdom 0.125% 2026		13,130		17,339
United Kingdom 4.25% 2027		9,590		15,570
United Kingdom 0.125% 2028		2,400		3,122
United Kingdom 0.875% 2029		660		895
United Kingdom 0.375% 2030		89,950		116,242
United Kingdom 4.75% 2030		24,475		44,046
United Kingdom 0.25% 2031		6,170		7,805
United Kingdom 4.25% 2032		10,271		18,378
United Kingdom 0.875% 2033		32,535		43,268
United Kingdom 0.625% 2035		17,619		22,301
United Kingdom 1.75% 2037		9,800		14,383
United Kingdom 3.25% 2044		16,550		31,345
United Kingdom 3.50% 2045		18,215		36,121
United Kingdom 0.875% 2046		1,830		2,311
United Kingdom 1.50% 2047		6,460		9,382
United Kingdom 0.625% 2050		14,750		17,565
United Kingdom 1.25% 2051		9,588		13,317
United Kingdom 1.50% 2053		240		359
United Kingdom 1.625% 2054		1,550		2,400
United Kingdom 0.50% 2061		3,540		4,051
Vodafone Group PLC 5.625% 2025		540		848
Volkswagen Financial Services NV 0.875% 2025		1,300		1,715
Volkswagen Group of America Finance, LLC 3.375% 2026		700		1,015
Wal-Mart Stores, Inc. 5.625% 20342		1,000		1,952
				688,751
Danish kroner 2.48%
Nordea Kredit 0.50% 20404	DKr	107,093		15,575
Nykredit Realkredit AS, Series 01E, 2.00% 20374		18,995		3,062
Nykredit Realkredit AS, Series 01E, 0.50% 20404		687,517		99,938
Nykredit Realkredit AS, Series 01E, 1.50% 20404		111,172		17,424
Nykredit Realkredit AS, Series 01E, 0.50% 20434		941,836		135,355
Nykredit Realkredit AS, Series 01E, 2.50% 20474		8,491		1,392
Nykredit Realkredit AS, Series 01E, 0.50% 20504		99,343		13,923
Nykredit Realkredit AS, Series 01E, 1.00% 20534		678,112		97,844
Nykredit Realkredit AS, Series CCE, 1.00% 20504		54,800		8,008
Realkredit Danmark AS 1.00% 20534		20,700		2,989
				395,510
Canadian dollars 2.40%
AT&T, Inc. 5.10% 2048	C$	400		370
Canada 1.00% 2022		16,200		12,846
Canada 2.25% 2025		125,860		103,168
Canada 0.25% 2026		51,115		38,823
Canada 2.25% 2029		228,465		192,668

10 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Canadian dollars (continued)
Canada 4.00% 2041	C$	1,725	$	1,893
Canada 3.50% 2045		2,970		3,195
Canada 2.75% 2048		22,100		21,512
Canada 2.00% 2051		3,000		2,552
National Australia Bank, Ltd. 3.515% (3-month Canada BA + 1.58% on 6/12/2025)1		5,472		4,550
Verizon Communications, Inc. 3.625% 2050		1,280		1,008
				382,585
Mexican pesos 1.82%
América Móvil, SAB de CV, 8.46% 2036	MXN	15,000		706
Petróleos Mexicanos 7.19% 2024		340,342		15,808
Petróleos Mexicanos 7.47% 2026		518,589		23,033
United Mexican States, Series M20, 10.00% 2024		872,209		45,649
United Mexican States, Series M, 5.75% 2026		359,000		16,542
United Mexican States, Series M, 7.50% 2027		2,698,777		132,269
United Mexican States, Series M20, 8.50% 2029		450,770		23,314
United Mexican States, Series M, 7.75% 2031		582,852		28,797
United Mexican States, Series M, 7.75% 2042		47,306		2,244
United Mexican States, Series M, 8.00% 2047		42,069		2,040
				290,402
Russian rubles 1.40%
Russian Federation 7.00% 2023	RUB	116,552		1,534
Russian Federation 7.00% 2023		400		5
Russian Federation 7.10% 2024		154,000		1,998
Russian Federation 8.15% 2027		404,225		5,360
Russian Federation 2.50% 20283		30		1
Russian Federation 6.90% 2029		2,246,875		27,692
Russian Federation 7.65% 2030		5,699,890		73,298
Russian Federation 5.90% 2031		467,680		5,299
Russian Federation 6.90% 2031		2,415,548		29,385
Russian Federation 8.50% 2031		2,619,880		35,549
Russian Federation 7.70% 2033		1,975,073		25,340
Russian Federation 7.25% 2034		1,100,725		13,574
Russian Federation 6.10% 2035		175,154		1,928
Russian Federation 7.70% 2039		154,338		1,956
				222,919
Malaysian ringgits 1.40%
Malaysia (Federation of), Series 0116, 3.80% 2023	MYR	10,770		2,642
Malaysia (Federation of), Series 0316, 3.90% 2026		44,000		10,917
Malaysia (Federation of), Series 0417, 3.899% 2027		53,000		13,125
Malaysia (Federation of), Series 0219, 3.885% 2029		201,790		49,478
Malaysia (Federation of), Series 0318, 4.642% 2033		51,000		13,168
Malaysia (Federation of), Series 0415, 4.254% 2035		6,900		1,713
Malaysia (Federation of), Series 0317, 4.762% 2037		8,830		2,308
Malaysia (Federation of), Series 0418, 4.893% 2038		91,858		24,096
Malaysia (Federation of), Series 0219, 4.467% 2039		44,000		10,897
Malaysia (Federation of), Series 0519, 3.757% 2040		152,539		34,981
Malaysia (Federation of), Series 0216, 4.736% 2046		35,205		8,935
Malaysia (Federation of), Series 0518, 4.921% 2048		97,216		25,454
Malaysia (Federation of), Series 0519, 4.638% 2049		45,466		11,168
Malaysia (Federation of), Series 0120, 4.065% 2050		58,575		13,747
				222,629
Australian dollars 1.09%
Australia (Commonwealth of), Series 152, 2.75% 2028	A$	61,125		48,087
Australia (Commonwealth of), Series 163, 1.00% 2031		173,410		118,708
Australia (Commonwealth of), Series 157, 1.50% 2031		5,000		3,592
Australia (Commonwealth of), Series 165, 1.75% 2032		5,300		3,870
				174,257
Colombian pesos 0.72%
Colombia (Republic of), Series B, 10.00% 2024	COP	2,418,500		637
Colombia (Republic of), Series B, 7.50% 2026		8,308,000		2,030
Colombia (Republic of), Series B, 6.00% 2028		1,429,800		318
Colombia (Republic of), Series B, 7.75% 2030		2,311,200		555
Colombia (Republic of), Series B, 7.00% 2032		643,700		145

Capital World Bond Fund 11

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Colombian pesos (continued)
Colombia (Republic of), Series B, 5.75% 2027	COP	238,777,400	$	53,072
Colombia (Republic of), Series B, 7.00% 2031		153,861,700		34,961
Colombia (Republic of), Series B, 7.25% 2034		5,217,000		1,177
Colombia (Republic of), Series B, 7.25% 2050		105,659,600		22,389
				115,284
Indonesian rupiah 0.70%
Indonesia (Republic of), Series 63, 5.625% 2023	IDR	191,100,000		13,763
Indonesia (Republic of), Series 81, 6.50% 2025		10,958,000		810
Indonesia (Republic of), Series 86, 5.50% 2026		22,542,000		1,607
Indonesia (Republic of), Series 59, 7.00% 2027		117,915,000		8,885
Indonesia (Republic of), Series 78, 8.25% 2029		405,736,000		31,790
Indonesia (Republic of), Series 82, 7.00% 2030		271,232,000		19,754
Indonesia (Republic of), Series 87, 6.50% 2031		102,374,000		7,259
Indonesia (Republic of), Series 91, 6.375% 2032		69,452,000		4,915
Indonesia (Republic of), Series 68, 8.375% 2034		178,668,000		14,090
Indonesia (Republic of), Series 80, 7.50% 2035		81,982,000		6,036
Indonesia (Republic of), Series 83, 7.50% 2040		29,077,000		2,134
				111,043
Czech korunas 0.46%
Czech Republic 0.45% 2023	CZK	105,760		4,584
Czech Republic 0% 2024		631,600		26,291
Czech Republic 1.25% 2025		785,300		33,721
Czech Republic 2.40% 2025		186,590		8,267
				72,863
Polish zloty 0.41%
Poland (Republic of), Series 0922, 5.75% 2022	PLN	51,680		13,160
Poland (Republic of), Series 1024, 2.25% 2024		23,500		5,625
Poland (Republic of), Series 0725, 3.25% 2025		164,200		40,149
Poland (Republic of), Series 1029, 2.75% 2029		26,990		6,264
				65,198
Brazilian reais 0.39%
Brazil (Federative Republic of) 6.00% 20233	BRL	54,391		9,822
Brazil (Federative Republic of) 6.00% 20243		283,350		51,845
Brazil (Federative Republic of) 6.00% 20303		389		74
				61,741
Indian rupees 0.36%
HDFC Bank, Ltd. 7.95% 2026	INR	200,000		2,870
India (Republic of) 5.15% 2025		3,920,630		51,846
National Highways Authority of India 7.27% 2022		210,000		2,860
				57,576
South Korean won 0.34%
South Korea (Republic of), Series 2712, 2.375% 2027	KRW	43,869,200		37,369
South Korea (Republic of), Series 3106, 2.00% 2031		21,008,450		17,290
				54,659
Norwegian kroner 0.25%
Norway (Kingdom of) 1.75% 2025	NKr	295,000		33,733
Norway (Kingdom of) 1.50% 2026		50,000		5,659
				39,392
Peruvian nuevos soles 0.24%
Peru (Republic of) 8.20% 2026	PEN	2,500		714
Peru (Republic of) 5.94% 2029		106,945		27,453
Peru (Republic of) 6.15% 2032		27,862		7,015
Peru (Republic of) 5.40% 2034		6,311		1,444
Peru (Republic of) 6.90% 2037		3,346		854
Peru (Republic of) 5.35% 2040		4,265		912
Peru (Republic of) 6.85% 2042		955		242
				38,634

12 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Chilean pesos 0.23%
Chile (Republic of) 1.50% 20263	CLP	5,147,114	$	5,938
Chile (Republic of) 4.50% 2026		280,000		318
Chile (Republic of) 5.00% 2028		5,745,000		6,538
Chile (Republic of) 1.90% 20303		8,588,858		9,777
Chile (Republic of) 4.70% 2030		12,580,000		13,818
				36,389
Ukrainian hryvnia 0.19%
Ukraine 14.91% 2022	UAH	156,567		5,868
Ukraine 16.06% 2022		299,325		11,391
Ukraine 17.00% 2022		81,018		3,030
Ukraine 17.25% 2022		103,990		3,815
Ukraine 10.00% 2023		17,650		625
Ukraine 15.84% 2025		149,360		5,935
Ukraine 15.84% 2025		9,100		362
				31,026
South African rand 0.12%
South Africa (Republic of), Series R-2023, 7.75% 2023	ZAR	20,850		1,345
South Africa (Republic of), Series R-186, 10.50% 2026		9,733		676
South Africa (Republic of), Series R-213, 7.00% 2031		76,500		4,049
South Africa (Republic of), Series R-2032, 8.25% 2032		43,595		2,471
South Africa (Republic of), Series R-2035, 8.875% 2035		72,600		4,091
South Africa (Republic of), Series R-2037, 8.50% 2037		19,098		1,013
South Africa (Republic of), Series R-2048, 8.75% 2048		97,797		5,107
				18,752
Thai baht 0.06%
Thailand (Kingdom of) 2.125% 2026	THB	111,000		3,479
Thailand (Kingdom of) 3.65% 2031		162,000		5,625
				9,104
Hungarian forints 0.04%
Hungary (Republic of), Series C, 1.50% 2023	HUF	1,440,000		4,293
Hungary (Republic of), Series A, 3.25% 2031		990,000		2,808
				7,101
Romanian leu 0.03%
Romania 4.75% 2025	RON	18,700		4,324
Israeli shekels 0.02%
Israel (State of) 2.00% 2027	ILS	5,100		1,762
Israel (State of) 5.50% 2042		1,300		665
Israel (State of) 3.75% 2047		1,780		738
				3,165
Egyptian pounds 0.02%
Egypt (Arab Republic of) 18.40% 2024	EGP	450		31
Egypt (Arab Republic of) 14.292% 2028		45,850		2,914
				2,945
New Zealand dollars 0.01%
New Zealand 2.00% 2032	NZ$	1,350		892
Turkish lira 0.00%
Turkey (Republic of) 2.80% 20233	TRY	7,606		604
Turkey (Republic of) 4.10% 20243		2,023		171
				775
Ghanaian cedi 0.00%
Ghana (Republic of) 19.00% 2026	GHS	2,195		336

Capital World Bond Fund 13

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars 41.22%
7-Eleven, Inc. 1.30% 20282	$	487	$	464
7-Eleven, Inc. 1.80% 20312		9,180		8,697
Abu Dhabi (Emirate of) 0.75% 20232		18,355		18,317
Abu Dhabi (Emirate of) 3.875% 2050		4,000		4,670
Abu Dhabi National Energy Company PJSC (TAQA) 3.625% 20232		580		597
Abu Dhabi National Energy Company PJSC (TAQA) 4.875% 20302		440		523
Adobe, Inc. 2.15% 2027		6,134		6,314
Advisor Group Holdings, LLC 6.25% 20282		3,120		3,241
AerCap Ireland Capital, Ltd. / AerCap Global Aviation Trust 2.45% 2026		2,395		2,416
AerCap Ireland Capital, Ltd. / AerCap Global Aviation Trust 3.00% 2028		2,471		2,508
AerCap Ireland Capital, Ltd. / AerCap Global Aviation Trust 3.30% 2032		1,660		1,693
AerCap Ireland Capital, Ltd. / AerCap Global Aviation Trust 3.85% 2041		1,154		1,204
Aeropuerto International de Tocume SA 5.125% 20612		4,875		5,121
Aethon United BR LP / Aethon United Finance Corp. 8.25% 20262		1,175		1,264
AG Merger Sub II, Inc. 10.75% 20272		1,678		1,865
Alabama Power Co. 3.00% 2052		7,280		7,281
Albertsons Companies, Inc. 3.50% 20292		825		828
Albion Financing 1 SARL / Aggreko Holdings, Inc. 6.125% 20262		550		556
Albion Financing 2 SARL 8.75% 20272		350		356
Alexandria Real Estate Equities, Inc. 3.80% 2026		1,040		1,126
Alexandria Real Estate Equities, Inc. 3.95% 2028		465		514
Alexandria Real Estate Equities, Inc. 2.75% 2029		131		135
Alexandria Real Estate Equities, Inc. 4.50% 2029		1,000		1,152
Alexandria Real Estate Equities, Inc. 1.875% 2033		494		465
Alibaba Group Holding, Ltd. 2.125% 2031		507		490
Allegheny Technologies, Inc. 4.875% 2029		685		687
Allegheny Technologies, Inc. 5.125% 2031		398		402
Alliant Holdings Intermediate, LLC 6.75% 20272		2,355		2,446
Alliant Holdings Intermediate, LLC / Alliant Holdings 5.875% 20292		695		708
Allied Universal Holdco LLC 9.75% 20272		1,510		1,615
Allied Universal Holdco LLC 6.00% 20292		320		312
Allstate Corp. 0.75% 2025		690		673
Allstate Corp. 1.45% 2030		2,000		1,893
Allstate Corp. 3.85% 2049		250		293
Almonde, Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 8.25% 20255,6		2,080		2,081
Altice France SA 5.125% 20292		1,164		1,137
Altria Group, Inc. 3.40% 2030		137		142
Altria Group, Inc. 5.95% 2049		2,476		3,096
Altria Group, Inc. 3.70% 2051		2,370		2,213
Amazon.com, Inc. 1.50% 2030		5,069		4,918
Amazon.com, Inc. 3.875% 2037		505		595
Amazon.com, Inc. 2.50% 2050		13,505		12,896
American Airlines, Inc. 5.50% 20262		1,250		1,302
American Airlines, Inc. 5.75% 20292		1,250		1,338
American Campus Communities, Inc. 3.75% 2023		3,090		3,175
American Campus Communities, Inc. 4.125% 2024		1,945		2,079
American Campus Communities, Inc. 3.30% 2026		1,500		1,582
American Campus Communities, Inc. 3.625% 2027		1,575		1,684
American Express Co. 3.625% 2024		8,700		9,303
American Express Co. 3.125% 2026		225		238
American Honda Finance Corp. 0.55% 2024		1,500		1,481
American Honda Finance Corp. 3.55% 2024		1,000		1,051
American Honda Finance Corp. 1.20% 2025		527		525
American Honda Finance Corp. 1.30% 2026		2,000		1,977
American Honda Finance Corp. 1.80% 2031		1,000		976
American International Group, Inc. 3.90% 2026		475		515
American International Group, Inc. 3.40% 2030		2,285		2,474
American International Group, Inc. 4.80% 2045		500		642
American International Group, Inc. 4.375% 2050		1,773		2,216
American Tower Corp. 1.45% 2026		1,105		1,082
American Tower Corp. 1.60% 2026		2,105		2,086
American Tower Corp. 2.30% 2031		1,992		1,937
American Tower Corp. 2.70% 2031		771		774
AmerisourceBergen Corp. 2.70% 2031		5,000		5,057
Amgen, Inc. 1.90% 2025		3,077		3,137
Amgen, Inc. 2.20% 2027		2,359		2,416
AmWINS Group, Inc. 4.875% 20292		375		379
Analog Devices, Inc. 1.70% 2028		1,006		1,004
Analog Devices, Inc. 2.10% 2031		1,417		1,422

14 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Analog Devices, Inc. 2.95% 2051	$	1,139	$	1,173
Anglo American Capital PLC 2.25% 20282		6,609		6,495
Anglo American Capital PLC 5.625% 20302		3,850		4,565
Anglo American Capital PLC 2.875% 20312		3,200		3,188
Anglo American Capital PLC 3.95% 20502		200		213
Angola (Republic of) 9.50% 2025		5,150		5,528
Angola (Republic of) 8.25% 2028		10,100		10,174
Angola (Republic of) 8.00% 2029		5,663		5,604
Anheuser-Busch InBev NV 4.75% 2029		12,403		14,449
Anheuser-Busch InBev NV 4.90% 2031		2,500		3,006
Anheuser-Busch InBev NV 5.55% 2049		1,767		2,450
Anheuser-Busch InBev NV 4.50% 2050		3,400		4,200
Antero Resources Corp. 5.375% 20302		310		332
Aon Corp. / Aon Global Holdings PLC 2.60% 2031		2,500		2,546
Apache Corp. 4.375% 2028		589		642
Apache Corp. 4.75% 2043		170		187
Apple, Inc. 0.55% 2025		5,925		5,768
Apple, Inc. 2.375% 2041		1,625		1,580
Apple, Inc. 2.70% 2051		1,450		1,437
ArcelorMittal 4.25% 2029		165		181
Ardagh Group SA 6.50% Cash 20272,7		1,220		1,258
Aretec Escrow Issuer, Inc. 7.50% 20292		1,510		1,551
Argentine Republic 1.00% 2029		1,601		584
Argentine Republic 0.50% 2030 (0.75% on 7/9/2023)1		20,390		7,188
Argentine Republic 1.125% 2035 (1.50% on 7/9/2022)1		20,658		6,637
Argentine Republic 2.50% 2041 (3.50% on 7/9/2022)1		6,340		2,248
Artera Services, LLC 9.033% 20252		1,325		1,403
Arthur J. Gallagher & Co. 3.50% 2051		122		129
Asbury Automotive Group, Inc. 4.625% 20292		395		403
Asbury Automotive Group, Inc. 5.00% 20322		240		249
Ascensus, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 7.00% 20295,6		865		868
Ascent Resources - Utica LLC 7.00% 20262		1,025		1,040
Ascent Resources - Utica LLC 8.25% 20282		1,332		1,391
Ascent Resources - Utica LLC 5.875% 20292		655		631
Associated Materials, LLC 9.00% 20252		2,263		2,424
AssuredPartners, Inc. 7.00% 20252		1,160		1,170
AssuredPartners, Inc. 8.00% 20272		731		759
AssuredPartners, Inc. 5.625% 20292		630		614
AstraZeneca Finance LLC 1.75% 2028		4,864		4,839
AstraZeneca Finance LLC 2.25% 2031		613		618
AstraZeneca PLC 4.00% 2029		2,000		2,261
AstraZeneca PLC 3.00% 2051		3,718		3,907
AT&T, Inc. 2.30% 2027		1,625		1,654
AT&T, Inc. 1.65% 2028		6,025		5,903
AT&T, Inc. 2.75% 2031		12,251		12,512
AT&T, Inc. 2.25% 2032		5,900		5,708
AT&T, Inc. 2.55% 2033		800		783
AT&T, Inc. 3.30% 2052		3,558		3,494
AT&T, Inc. 3.50% 2053		4,447		4,495
Atlantic Aviation FBO, Inc., Term Loan, (3-month USD-LIBOR + 5.75%) 6.25% 20295,6		130		132
Avangrid, Inc. 3.80% 2029		3,000		3,265
Avantor Funding, Inc. 3.875% 20292		950		962
Axiata SPV2 Bhd. 2.163% 2030		651		645
Azul Investments LLP 7.25% 20262		825		757
Bahrain (Kingdom of) 6.125% 2022		400		409
Bahrain (Kingdom of) 6.125% 2023		1,000		1,054
Baidu, Inc. 3.425% 2030		2,275		2,391
Baker Hughes, a GE Co. 4.486% 2030		2,288		2,627
Banco do Brasil SA (Cayman) 3.875% 2022		587		598
Bangkok Bank PCL 4.05% 2024		1,210		1,280
Bangkok Bank PCL 4.45% 2028		470		536
Bangkok Bank PCL 9.025% 2029		980		1,335
Bangkok Bank PCL 3.733% 2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)1		9,080		9,294
Bangkok Bank PCL 3.733% 2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)1,2		290		297
Bank of America Corp. 0.976% 2025 (USD-SOFR + 0.69% on 4/22/2024)1		17,050		16,922
Bank of America Corp. 1.319% 2026 (USD-SOFR + 1.15% on 6/19/2025)1		15,500		15,348
Bank of America Corp. 1.734% 2027 (USD-SOFR + 0.96% on 7/22/2026)1		13,616		13,524

Capital World Bond Fund 15

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Bank of America Corp. 1.898% 2031 (USD-SOFR + 1.53% on 7/23/2030)1	$	11,764	$	11,272
Bank of America Corp. 2.496% 2031 (3-month USD-LIBOR + 0.99% on 2/13/2030)1		8,240		8,270
Bank of America Corp. 4.083% 2051 (3-month USD-LIBOR + 3.15% on 3/20/2050)1		10,400		12,541
Bank of Nova Scotia 1.35% 2026		7,269		7,190
Bausch Health Companies, Inc. 9.25% 20262		4,245		4,489
Bausch Health Companies, Inc. 5.75% 20272		1,225		1,273
Bausch Health Companies, Inc. 4.875% 20282		1,245		1,272
Bausch Health Companies, Inc. 7.25% 20292		250		248
Bausch Health Companies, Inc. 5.25% 20312		900		792
Bayer US Finance II LLC 3.875% 20232		5,690		5,949
Bayer US Finance II LLC 4.25% 20252		2,557		2,768
Bayer US Finance II LLC 4.375% 20282		500		559
Bayerische Motoren Werke AG 3.80% 20232		2,028		2,103
Bayerische Motoren Werke AG 3.15% 20242		2,555		2,669
Bayerische Motoren Werke AG 3.90% 20252		5,000		5,381
Bayerische Motoren Werke AG 4.15% 20302		5,000		5,667
Bayerische Motoren Werke AG 2.55% 20312		1,737		1,784
Becton, Dickinson and Company 2.823% 2030		1,950		2,021
Belarus (Republic of) 6.875% 2023		46,910		46,506
Belarus (Republic of) 5.875% 20262		1,500		1,329
Belarus (Republic of) 7.625% 2027		31,500		29,098
Berkshire Hathaway Energy Company 3.70% 2030		4,025		4,449
Berkshire Hathaway Energy Company 2.85% 2051		2,062		1,990
Berkshire Hathaway Finance Corp. 4.25% 2049		3,000		3,693
Black Knight, Inc. 3.625% 20282		1,040		1,040
Blue Racer Midstream LLC and Blue Racer Finance Corp. 7.625% 20252		1,345		1,427
BlueLinx Holdings, Inc. 6.00% 20292		450		448
Bluestar Finance Holdings, Ltd. 3.10% junior subordinated perpetual bonds (3-year UST Yield Curve Rate T Note Constant Maturity + 5.634% on 7/12/2024)1		4,626		4,658
BMC Software, Inc., Term Loan, (3-month USD-LIBOR + 5.50%) 6.128% 20265,6		475		480
BMW Finance NV 2.40% 20242		3,000		3,088
BNP Paribas 2.159% 2029 (USD-SOFR + 1.218% on 9/15/2028)1,2		1,600		1,570
BNP Paribas 2.871% 2032 (USD-SOFR + 1.387% on 4/19/2031)1,2		14,000		14,210
Boeing Company 4.875% 2025		4,675		5,119
Boeing Company 2.75% 2026		2,634		2,712
Boeing Company 2.70% 2027		2,020		2,055
Boeing Company 5.04% 2027		4,297		4,842
Boeing Company 5.15% 2030		3,357		3,914
Boeing Company 3.625% 2031		73		78
Boeing Company 5.805% 2050		2,713		3,681
Bombardier, Inc. 7.50% 20242		25		26
Bombardier, Inc. 7.125% 20262		1,100		1,143
Bombardier, Inc. 7.875% 20272		2,975		3,089
Bombardier, Inc. 6.00% 20282		610		613
Bombardier, Inc. 7.45% 20342		1,340		1,648
Bonanza Creek Energy, Inc. 5.00% 20262		200		202
Boston Scientific Corp. 3.375% 2022		1,750		1,768
Boston Scientific Corp. 3.45% 2024		2,780		2,909
Boston Scientific Corp. 2.65% 2030		1,500		1,531
Boston Scientific Corp. 4.70% 2049		360		457
Boyd Gaming Corp. 4.75% 2027		1,215		1,241
Braskem Idesa SAPI 6.99% 20322		375		377
Braskem SA 4.50% 20302		4,050		4,314
Brightstar Escrow Corp. 9.75% 20252		1,185		1,272
Bristol-Myers Squibb Company 1.45% 2030		1,417		1,352
British American Tobacco PLC 3.215% 2026		4,902		5,107
British American Tobacco PLC 3.557% 2027		7,988		8,384
British American Tobacco PLC 4.70% 2027		775		853
British American Tobacco PLC 2.259% 2028		1,611		1,571
British American Tobacco PLC 3.462% 2029		5,900		6,120
British American Tobacco PLC 4.906% 2030		2,443		2,745
British American Tobacco PLC 2.726% 2031		1,542		1,498
British American Tobacco PLC 4.758% 2049		1,500		1,615
Broadcom Corp. / Broadcom Cayman Finance, Ltd. 3.875% 2027		1,667		1,809
Broadcom, Inc. 4.75% 2029		1,950		2,222
Broadcom, Inc. 4.15% 2030		5,070		5,627
Broadcom, Inc. 3.419% 20332		5,750		6,034
Broadcom, Inc. 3.469% 20342		5,408		5,668
Broadcom, Inc. 3.187% 20362		2,830		2,829

16 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Broadcom, Inc. 3.50% 20412	$	1,479	$	1,521
Broadcom, Inc. 3.75% 20512		465		487
Burlington Northern Santa Fe LLC 3.05% 2051		2,950		3,061
BWX Technologies, Inc. 4.125% 20292		770		781
CA Magnum Holdings 5.375% 20262		200		207
Caesars Entertainment, Inc. 6.25% 20252		380		399
Caesars Entertainment, Inc. 4.625% 20292		670		671
California Resources Corp. 7.125% 20262		935		973
Canadian National Railway Company 3.20% 2046		190		199
Canadian Natural Resources, Ltd. 2.95% 2023		5,400		5,504
Canadian Natural Resources, Ltd. 2.05% 2025		1,846		1,865
Canadian Natural Resources, Ltd. 3.85% 2027		5,473		5,868
Canadian Natural Resources, Ltd. 2.95% 2030		16,576		16,806
Canadian Pacific Railway, Ltd. 1.75% 2026		1,408		1,414
Canadian Pacific Railway, Ltd. 2.45% 2031		1,268		1,294
Canadian Pacific Railway, Ltd. 3.00% 2041		1,271		1,302
Canadian Pacific Railway, Ltd. 3.10% 2051		11,455		11,802
Canpack SA / Canpack US, LLC 3.875% 20292		655		640
Carnival Corp. 7.625% 20262		250		262
Carnival Corp. 4.00% 20282		1,325		1,318
Carnival Corp. 6.00% 20292		900		897
Carrier Global Corp. 2.493% 2027		750		771
Carrier Global Corp. 2.722% 2030		2,453		2,508
Carrier Global Corp. 3.377% 2040		989		1,035
Carvana Co. 5.625% 20252		10		10
Carvana Co. 5.50% 20272		10		10
Carvana Co. 5.875% 20282		165		165
Carvana Co. 4.875% 20292		1,095		1,045
Castlelake Aircraft Securitization Trust, Series 2017-1R, Class C, 6.50% 20412,4		432		426
Castlelake Aviation Finance DAC 5.00% 20272		1,275		1,267
CCB Life Insurance Co., Ltd. 4.50% 2077 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.68% on 4/21/2022)1		250		253
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20302		3,340		3,424
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 20302		750		781
CCO Holdings LLC and CCO Holdings Capital Corp. 2.80% 2031		3,800		3,765
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20312		1,200		1,213
CCO Holdings LLC and CCO Holdings Capital Corp. 2.30% 2032		2,900		2,757
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 2032		10		10
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20332		1,850		1,890
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20342		950		936
CCO Holdings LLC and CCO Holdings Capital Corp. 3.70% 2051		1,500		1,454
CEC Entertainment, Inc. 6.75% 20262		1,025		1,006
Centene Corp. 2.45% 2028		460		454
Centene Corp. 4.625% 2029		2,315		2,501
Centene Corp. 2.50% 2031		615		600
Centene Corp. 2.625% 2031		100		98
Centerfield Media Parent, Inc. 6.625% 20262		690		692
Central Garden & Pet Co. 4.125% 2030		610		616
Central Garden & Pet Co. 4.125% 20312		280		282
Charles River Laboratories International, Inc. 4.25% 20282		650		677
Cheniere Energy Partners LP 4.50% 2029		1,220		1,295
Cheniere Energy Partners LP 4.00% 2031		640		672
Cheniere Energy Partners LP 3.25% 20322		504		510
Cheniere Energy, Inc. 4.625% 2028		435		463
Cheniere Energy, Inc. 3.70% 2029		858		920
Chesapeake Energy Corp. 5.50% 20262		640		674
Chesapeake Energy Corp. 5.875% 20292		140		150
Chevron Corp. 2.954% 2026		3,470		3,677
Chevron Corp. 1.995% 2027		6,472		6,573
Chevron Corp. 2.236% 2030		983		995
Chevron USA, Inc. 1.018% 2027		3,856		3,716
Chevron USA, Inc. 2.343% 2050		886		819
China CITIC Bank International, Ltd. 4.625% 2029 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.25% on 2/28/2024)1		2,300		2,406
China Construction Bank Corp. 2.45% 2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.15% on 6/24/2025)1		27,625		28,012
China Construction Bank Corp. (Hong Kong Branch) 1.00% 2023		21,760		21,716
Chubb INA Holdings, Inc. 2.85% 2051		674		677
Cigna Corp. 4.125% 2025		2,615		2,862

Capital World Bond Fund 17

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Cigna Corp. 4.375% 2028	$	3,492	$	3,971
Cigna Corp. 2.375% 2031		1,023		1,029
Citigroup, Inc. 0.981% 2025 (USD-SOFR + 0.669% on 5/1/2024)1		8,832		8,767
Citigroup, Inc. 3.106% 2026 (USD-SOFR + 2.842% on 3/8/2026)1		25,925		27,196
Citigroup, Inc. 1.462% 2027 (USD-SOFR + 0.67% on 6/9/2026)1		39,102		38,451
Citigroup, Inc. 2.976% 2030 (USD-SOFR + 1.422% on 11/5/2029)1		2,520		2,620
Clarivate Science Holdings Corp. 3.875% 20282		205		206
Clarivate Science Holdings Corp. 4.875% 20292		415		422
Cleveland-Cliffs, Inc. 9.875% 20252		393		445
Cleveland-Cliffs, Inc. 6.75% 20262		682		723
Cleveland-Cliffs, Inc. 4.875% 20312		825		858
CMB International Leasing Management, Ltd. 3.625% 2029		960		1,006
CNX Resources Corp. 7.25% 20272		955		1,014
CNX Resources Corp. 6.00% 20292		160		167
Coca-Cola Company 1.00% 2028		1,210		1,164
Coca-Cola Company 1.375% 2031		1,487		1,404
Coca-Cola Company 2.50% 2051		710		683
Cogent Communications Group, Inc. 3.50% 20262		1,200		1,220
Coinbase Global, Inc. 3.375% 20282		1,023		957
Coinbase Global, Inc. 3.625% 20312		680		627
Colbun SA 3.95% 20272		2,445		2,587
Colombia (Republic of) 4.125% 2051		2,250		1,834
Comcast Corp. 3.95% 2025		4,395		4,802
Comcast Corp. 2.65% 2030		4,760		4,942
Comcast Corp. 1.50% 2031		5,500		5,198
Comcast Corp. 1.95% 2031		642		630
Comcast Corp. 2.80% 2051		200		193
Comision Federal de Electricidad 4.875% 20242		3,500		3,724
Comisión Federal de Electricidad 4.75% 20272		370		410
Commonwealth Bank of Australia 2.688% 20312		21,525		21,190
Commonwealth Bank of Australia 3.61% 2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.05% on 9/12/2029)1,2		4,161		4,355
Compass Diversified Holdings 5.25% 20292		2,195		2,303
Compass Diversified Holdings 5.00% 20322		480		493
Comstock Resources, Inc. 6.75% 20292		1,690		1,836
Comstock Resources, Inc. 5.875% 20302		510		524
Conagra Brands, Inc. 1.375% 2027		800		765
Conagra Brands, Inc. 5.40% 2048		5,137		6,935
Constellation Brands, Inc. 2.875% 2030		839		862
Constellation Brands, Inc. 2.25% 2031		1,859		1,819
Constellation Oil Services Holding SA 10.00% PIK 20242,7,8		6,822		2,135
Consumers Energy Co. 3.25% 2046		1,909		2,028
Consumers Energy Co. 3.10% 2050		247		258
Consumers Energy Co. 2.65% 2052		495		483
Continental Resources, Inc. 5.75% 20312		390		460
Continental Resources, Inc. 2.875% 20322		2,487		2,437
CoreLogic, Inc. 4.50% 20282		2,155		2,150
CoreLogic, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 7.00% 20295,6		575		582
Corporate Office Properties LP 2.25% 2026		1,413		1,431
Corporate Office Properties LP 2.00% 2029		689		663
Corporate Office Properties LP 2.90% 2033		1,449		1,418
Costa Rica (Republic of) 6.125% 20312		4,843		4,904
Costa Rica (Republic of) 7.00% 2044		4,776		4,698
Coty, Inc. 4.75% 20292		345		351
Covert Mergeco, Inc. 4.875% 20292		155		158
CQP Holdco LP / BIP-V Chinook Holdco LLC 5.50% 20312		2,605		2,723
Crédit Agricole SA 1.907% 2026 (USD-SOFR + 1.676% on 6/16/2025)1,2		7,000		7,019
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR + 1.41% on 1/12/2028)1,2		5,065		5,426
Credit Suisse Group AG 4.194% 2031 (USD-SOFR + 3.73% on 4/1/2030)1,2		3,862		4,264
Credit Suisse Group AG 3.091% 2032 (USD-SOFR + 1.73% on 5/14/2031)1,2		5,125		5,220
Crestwood Midstream Partners LP 6.00% 20292		1,000		1,040
CRH America, Inc. 5.125% 20452		3,000		3,926
Crown Castle International Corp. 2.50% 2031		1,074		1,067
CSN Resources SA 7.625% 2026		40,724		42,803
CSX Corp. 4.25% 2029		3,355		3,775
CSX Corp. 3.80% 2050		397		453
CSX Corp. 2.50% 2051		5,175		4,796
CVR Partners LP 9.25% 20232		145		146

18 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
CVR Partners LP 6.125% 20282	$	965	$	1,020
CVS Health Corp. 4.30% 2028		2,343		2,631
Daimler Trucks Finance North America, LLC 2.375% 20282		1,100		1,106
Daimler Trucks Finance North America, LLC 2.50% 20312		2,625		2,627
DaimlerChrysler North America Holding Corp. 3.40% 20222		3,370		3,384
DaimlerChrysler North America Holding Corp. 2.45% 20312		2,200		2,238
Danske Bank AS 2.70% 20222		7,200		7,228
Danske Bank AS 3.875% 20232		9,700		10,093
DaVita, Inc. 4.625% 20302		650		667
Dell International LLC / EMC Corp. 8.10% 2036		162		247
Deutsche Bank AG 2.311% 2027 (USD-SOFR + 1.219% on 11/16/2026)1		3,825		3,826
Deutsche Bank AG 3.547% 2031 (USD-SOFR + 3.043% on 9/18/2030)1		6,900		7,270
Development Bank of Mongolia LLC 7.25% 2023		16,205		17,098
Diamond Foreign Asset Co. / Diamond Finance, LLC 9.00% Cash 20272,6,7		156		155
Diamond Foreign Asset Co. / Diamond Finance, LLC 9.00% Cash 20276,7		142		140
Diamond Sports Group LLC 5.375% 20262		446		224
Diamond Sports Group LLC 6.625% 20272		1,870		528
Diamondback Energy, Inc. 4.40% 2051		1,700		1,953
Dianjian Haiyu, Ltd. 3.50% perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 6.773% on 6/14/2022)1		423		427
Dianjian International Finance, Ltd. 4.60% perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 6.933% on 3/13/2023)1		405		417
Diebold Nixdorf, Inc. 9.375% 20252		1,131		1,219
Diebold, Inc. 8.50% 2024		1,125		1,126
Digital Currency Group, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 7.00% 20265,6,9,10		236		223
Digital Currency Group, Inc., Term Loan, 8.75% 20265,9,10		314		298
DIRECTV Financing, LLC, Term Loan, (3-month USD-LIBOR + 5.00%) 5.75% 20275,6		1,310		1,313
DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. 5.875% 20272		1,350		1,384
Discovery Communications, Inc. 3.625% 2030		2,669		2,856
DISH DBS Corp. 5.25% 20262		455		463
DISH DBS Corp. 5.125% 2029		1,825		1,664
Dominican Republic 6.85% 2045		2,815		3,111
Dow Chemical Co. 4.80% 2028		385		450
Dow Chemical Co. 2.10% 2030		1,000		984
Dow Chemical Co. 5.55% 2048		725		1,020
Dow Chemical Co. 4.80% 2049		500		638
Dow Chemical Co. 3.60% 2050		1,000		1,086
DT Midstream, Inc. 4.125% 20292		675		692
DTE Electric Company 2.625% 2031		3,514		3,621
DTE Energy Company 2.95% 2050		1,540		1,556
Duke Energy Progress, LLC 3.70% 2028		6,150		6,745
Duke Energy Progress, LLC 2.00% 2031		17,820		17,427
Dun & Bradstreet Corp. 5.00% 20292		502		514
Ecolab, Inc. 1.65% 2027		1,500		1,508
Ecolab, Inc. 2.125% 2032		500		496
Ecolab, Inc. 2.125% 2050		1,000		884
Ecolab, Inc. 2.70% 2051		500		492
Edison International 4.125% 2028		5,375		5,678
Edison International 5.00% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 3.901% on 3/15/2027)1		725		743
Egypt (Arab Republic of) 5.875% 2025		2,000		2,061
Egypt (Arab Republic of) 7.50% 20272		5,300		5,532
Egypt (Arab Republic of) 7.625% 20322		1,500		1,425
Electricité de France SA 3.625% 20252		760		812
Electricité de France SA 4.50% 20282		1,722		1,948
Electricité de France SA 4.875% 20382		7,267		8,819
Electricité de France SA 4.875% 20442		325		405
Electricité de France SA 5.00% 20482		768		1,000
Eli Lilly and Company 3.375% 2029		583		643
Empire Resorts, Inc. 7.75% 20262		335		337
Empresas Publicas de Medellin ESP 4.25% 20292		4,935		4,690
Enbridge Energy Partners LP 7.375% 2045		1,396		2,185
Enbridge, Inc. 2.50% 2025		5,000		5,143
Enbridge, Inc. 3.40% 2051		3,366		3,420
Endo DAC / Endo Finance LLC / Endo Finco 9.50% 20272		2,246		2,289
Endo DAC / Endo Finance LLC / Endo Finco 6.00% 20282		1,561		1,165
Endo Luxembourg Finance Co. I SARL / Endo U.S., Inc. 6.125% 20292		980		962
Enel Finance International SA 3.50% 20282		7,600		8,129

Capital World Bond Fund 19

Bonds, notes & other debt instruments (continued)	Principal amount (000)			Value (000)
U.S. dollars (continued)
Enel Finance International SA 4.75% 20472	$	4,218		$	5,186
Enel Società per Azioni 8.75% 2073 (USD Semi Annual 30/360 (vs. 3-month USD-LIBOR) + 5.88% on 9/24/2023)1,2		10,000			11,158
Energy Transfer Operating LP 5.00% 2050		16,049			18,512
Energy Transfer Partners LP 5.30% 2047		265			308
Energy Transfer Partners LP 6.00% 2048		2,656			3,307
Energy Transfer Partners LP 6.25% 2049		2,395			3,135
Energy Transfer Partners LP 6.50% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 5.694% on 11/15/2026)1		254			259
Enfragen Energia Sur SA 5.375% 20302		400			366
ENN Clean Energy International Investment, Ltd. 3.375% 20262		1,600			1,592
ENN Energy Holdings, Ltd. 2.625% 20302		15,445			15,366
Entergy Louisiana, LLC 2.90% 2051		1,250			1,228
Enterprise Products Operating LLC 3.20% 2052		1,757			1,728
Enterprise Products Operating LLC 3.30% 2053		4,810			4,795
EQM Midstream Partners LP 6.50% 20272		1,310			1,469
EQT Corp. 5.00% 2029		65			72
EQT Corp. 7.50% 20301		317			408
Equinix, Inc. 2.15% 2030		8,862			8,625
Equinix, Inc. 3.00% 2050		3,418			3,279
Equinix, Inc. 2.95% 2051		1,750			1,657
Essex Portfolio LP 3.875% 2024		3,360			3,539
Ethiopia (Federal Democratic Republic of) 6.625% 2024		11,450			7,809
European Investment Bank 2.25% 2022		4,600			4,617
Extra Space Storage, Inc. 2.35% 2032		492			479
Exxon Mobil Corp. 2.019% 2024		5,380			5,516
Exxon Mobil Corp. 2.44% 2029		1,617			1,660
Exxon Mobil Corp. 2.61% 2030		2,570			2,666
Exxon Mobil Corp. 3.452% 2051		803			872
Fair Isaac Corp. 4.00% 20282		1,050			1,081
Fannie Mae, Series 2001-4, Class GA, 9.00% 20254,6		—	11		—	11
Fannie Mae Pool #FM1465 3.00% 20304		104			110
Fannie Mae Pool #BK0499 3.00% 20344		233			245
Fannie Mae Pool #MA3384 4.00% 20484		32			34
Fannie Mae Pool #FM3217 3.50% 20504		15,094			16,062
Fertitta Entertainment, Inc. 6.75% 20242		950			951
Fidelity National Information Services, Inc. 3.10% 2041		452			457
First Quantum Minerals, Ltd. 6.50% 20242		613			621
First Quantum Minerals, Ltd. 6.875% 20262		587			610
First Quantum Minerals, Ltd. 6.875% 20272		1,250			1,347
First Student Bidco, Inc. / First Transit Parent, Inc. 4.00% 20292		1,170			1,139
FirstEnergy Corp., Series A, 3.35% 20221		10,000			10,044
FirstEnergy Corp. 2.05% 2025		11,325			11,240
FirstEnergy Corp. 1.60% 2026		7,525			7,280
FirstEnergy Corp., Series B, 4.40% 2027 (4.15% on 1/15/2022)1		8,588			9,257
FirstEnergy Corp. 3.50% 20282		1,425			1,520
FirstEnergy Corp. 2.25% 2030		2,500			2,410
FirstEnergy Corp. 2.65% 2030		7,144			7,073
FirstEnergy Corp. 7.375% 2031		867			1,172
FirstEnergy Transmission LLC 2.866% 20282		1,700			1,704
Fiserv, Inc. 2.25% 2027		3,860			3,930
Five Corners Funding Trust II 2.85% 20302		3,500			3,630
Florida Power & Light Company 2.85% 2025		1,600			1,672
Florida Power & Light Company 2.875% 2051		11,855			12,054
FMG Resources 4.375% 20312		1,125			1,183
Ford Motor Co. 3.25% 2032		1,060			1,088
Ford Motor Co. 5.291% 2046		70			82
Ford Motor Credit Company LLC 5.125% 2025		2,593			2,823
Ford Motor Credit Company LLC 4.542% 2026		1,370			1,490
Ford Motor Credit Company LLC 3.815% 2027		2,550			2,700
Ford Motor Credit Company LLC 4.125% 2027		650			702
Ford Motor Credit Company LLC 2.90% 2028		250			251
Ford Motor Credit Company LLC 4.00% 2030		1,915			2,063
Freddie Mac Pool #SI2002 4.00% 20484		183			196
Freddie Mac Pool #SD0726 2.50% 20514		16,210			16,704
Freedom Mortgage Corp. 7.625% 20262		800			818
Freeport-McMoRan, Inc. 5.45% 2043		635			800
Fresnillo PLC 4.25% 20502		2,560			2,686
Front Range BidCo, Inc. 6.125% 20282		1,000			987

20 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Frontier Communications Corp. 5.875% 20272	$	1,025	$	1,086
Frontier Communications Corp. 5.00% 20282		652		673
Frontier Communications Corp. 6.75% 20292		1,078		1,123
Frontier Communications Holdings, LLC 5.875% 2029		2,375		2,378
FS Energy and Power Fund 7.50% 20232		1,564		1,633
FXI Holdings, Inc. 7.875% 20242		432		441
FXI Holdings, Inc. 12.25% 20262		2,480		2,793
Gabonese Republic 6.95% 2025		1,190		1,239
Gabonese Republic 6.625% 20312		325		317
Gabonese Republic 7.00% 20312		1,190		1,169
GC Treasury Center Co., Ltd. 2.98% 20312		550		557
General Dynamics Corp. 1.15% 2026		2,790		2,767
General Dynamics Corp. 3.625% 2030		3,600		4,003
General Electric Capital Corp. 4.418% 2035		730		872
General Motors Company 6.80% 2027		538		661
General Motors Financial Co. 3.55% 2022		1,850		1,877
General Motors Financial Co. 2.90% 2025		1,720		1,780
General Motors Financial Co. 1.50% 2026		1,000		985
General Motors Financial Co. 4.00% 2026		1,000		1,081
General Motors Financial Co. 2.40% 2028		13,300		13,365
General Motors Financial Co. 2.70% 2031		1,150		1,147
Genesis Energy, LP 8.00% 2027		1,627		1,679
GeoPark, Ltd. 6.50% 2024		2,573		2,640
Georgia (Republic of) 2.75% 20262		2,535		2,528
Ghana (Republic of) 0% 2025		300		211
Ghana (Republic of) 8.125% 2026		940		871
Ghana (Republic of) 6.375% 2027		1,220		1,033
Ghana (Republic of) 6.375% 20272		480		406
Glencore Funding LLC 1.625% 20262		14,481		14,222
Glencore Funding LLC 2.625% 20312		3,800		3,697
Global Payments, Inc. 2.90% 2030		4,027		4,105
Global Payments, Inc. 2.90% 2031		2,100		2,132
Gol Finance SA 8.00% 20262		410		386
Goldman Sachs Group, Inc. 3.20% 2023		2,979		3,056
Goldman Sachs Group, Inc. 1.542% 2027 (USD-SOFR + 0.818% on 9/10/2026)1		5,926		5,809
Goldman Sachs Group, Inc. 1.992% 2032 (USD-SOFR + 1.09% on 1/27/2031)1		3,625		3,479
Goldman Sachs Group, Inc. 2.383% 2032 (USD-SOFR + 1.248% on 7/21/2031)1		6,885		6,785
Goldman Sachs Group, Inc. 2.615% 2032 (USD-SOFR + 1.281% on 4/22/2031)1		15,346		15,472
Goldman Sachs Group, Inc. 2.65% 2032 (USD-SOFR + 1.264% on 10/21/2031)1		5,883		5,926
Goldman Sachs Group, Inc. 2.908% 2042 (USD-SOFR + 1.40% on 7/21/2041)1		3,156		3,144
Goldman Sachs Group, Inc. 3.21% 2042 (USD-SOFR + 1.513% on 4/22/2041)1		1,688		1,754
GPC Merger Sub, Inc. 7.125% 20282		540		560
GPS Hospitality Holding Co. LLC 7.00% 20282		235		214
Gray Escrow II, Inc. 5.375% 20312		325		335
Gray Television, Inc. 4.75% 20302		250		249
Grifols Escrow Issuer SA 4.75% 20282		200		204
Group 1 Automotive, Inc. 4.00% 20282		315		314
Groupe BPCE SA 5.70% 20232		850		914
Groupe BPCE SA 2.045% 2027 (USD-SOFR + 1.087% on 10/19/2026)1,2		10,000		9,920
Grupo Energia Bogota SA ESP 4.875% 20302		3,800		4,100
Guara Norte SARL 5.198% 2034		4,222		4,154
Guara Norte SARL 5.198% 20342		340		334
Harbour Energy PLC 5.50% 20262		480		477
Harsco Corp. 5.75% 20272		945		964
Hartford Financial Services Group, Inc. 2.90% 2051		614		607
Harvest Midstream I, LP 7.50% 20282		882		945
HCA, Inc. 5.625% 2028		1,390		1,627
HCA, Inc. 3.50% 2030		50		53
HCA, Inc. 5.25% 2049		675		869
HealthEquity, Inc. 4.50% 20292		265		263
Hexion, Inc. 7.875% 20272		2,070		2,186
Hightower Holding, LLC 6.75% 20292		1,255		1,291
Hilcorp Energy I, LP 5.75% 20292		1,115		1,151
Hilcorp Energy I, LP 6.00% 20312		480		497
Hilton Grand Vacations Borrower 5.00% 20292		1,510		1,550
Hilton Worldwide Holdings, Inc. 4.00% 20312		810		830
Home Depot, Inc. 2.95% 2029		5,999		6,397
Home Depot, Inc. 4.50% 2048		863		1,118
Home Depot, Inc. 2.375% 2051		1,073		989

Capital World Bond Fund 21

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Honduras (Republic of) 5.625% 20302	$	5,023	$	5,237
Honeywell International, Inc. 2.30% 2024		700		724
Honeywell International, Inc. 2.70% 2029		908		952
Howard Hughes Corp. 5.375% 20282		1,997		2,130
Howard Hughes Corp. 4.125% 20292		325		330
Howard Hughes Corp. 4.375% 20312		250		253
Howard Midstream Energy Partners, LLC 6.75% 20272		450		462
HSBC Holdings PLC 4.95% 2030		2,300		2,702
HSBC Holdings PLC 2.848% 2031 (USD-SOFR + 2.387% on 6/4/2030)1		9,400		9,519
Huarong Finance 2017 Co., Ltd. (3-month USD-LIBOR + 1.15%) 1.294% 20226		400		394
Huarong Finance 2017 Co., Ltd. (3-month USD-LIBOR + 1.85%) 1.985% 20226		45,893		45,810
Huarong Finance 2017 Co., Ltd. (3-month USD-LIBOR + 1.325%) 1.455% 20236		1,272		1,242
Huarong Finance 2017 Co., Ltd. 4.75% 2027		5,137		5,310
Huarong Finance 2019 Co., Ltd. (3-month USD-LIBOR + 1.125%) 1.295% 20236		13,460		13,191
Huarong Finance 2019 Co., Ltd. 3.75% 2024		750		758
Huarong Finance 2019 Co., Ltd. (3-month USD-LIBOR + 1.25%) 1.43% 20256		1,334		1,274
Huarong Finance 2019 Co., Ltd. 3.875% 2029		1,520		1,485
Huarong Finance 2019 Co., Ltd. 4.50% 2029		4,332		4,409
Huarong Finance 2019 Co., Ltd. 3.375% 2030		1,496		1,442
Huarong Finance II Co., Ltd. 5.00% 2025		3,769		3,924
Huarong Finance II Co., Ltd. 5.50% 2025		3,287		3,455
Huarong Finance II Co., Ltd. 4.625% 2026		2,469		2,552
Huarong Finance II Co., Ltd. 4.875% 2026		3,058		3,177
HUB International, Ltd. 7.00% 20262		1,940		1,996
Hungary (Republic of) 2.125% 20312		42,435		41,848
Hungary (Republic of) 3.125% 20512		9,275		9,148
Huntsman International LLC 2.95% 2031		40		41
Hyundai Capital America 3.25% 20222		2,104		2,144
Hyundai Capital America 0.875% 20242		8,710		8,546
Hyundai Capital America 1.80% 20252		666		663
Hyundai Capital America 1.50% 20262		8,175		7,955
Hyundai Capital America 1.65% 20262		1,100		1,079
Hyundai Capital America 2.375% 20272		8,548		8,509
Hyundai Capital America 2.00% 20282		4,375		4,269
Hyundai Capital America 2.10% 20282		350		340
ICBCIL Finance Co., Ltd. 3.625% 2027		530		562
II-VI, Inc. 5.00% 20292		525		537
II-VI, Inc., Term Loan B, (3-month USD-LIBOR + 2.75%) 3.25% 20285,6		150		150
Independence Energy Finance LLC 7.25% 20262		850		884
Ingles Markets, Inc. 4.00% 20312		820		827
Instituto Costarricense de Electricidad 6.75% 20312		725		735
Intelsat Jackson Holding Co., Term Loan, (3-month USD-LIBOR + 4.75%) 5.75% 20225,6		1,523		1,529
International Flavors & Fragrances, Inc. 1.23% 20252		2,500		2,447
International Flavors & Fragrances, Inc. 1.832% 20272		1,100		1,081
International Flavors & Fragrances, Inc. 2.30% 20302		1,740		1,708
International Flavors & Fragrances, Inc. 3.268% 20402		1,000		1,017
International Flavors & Fragrances, Inc. 3.468% 20502		1,750		1,838
International Game Technology PLC 5.25% 20292		400		424
Interstate Power and Light Co. 2.30% 2030		4,150		4,135
Intesa Sanpaolo SpA 3.25% 20242		9,500		9,896
Invitation Homes Operating Partnership LP 2.30% 2028		1,052		1,041
Invitation Homes Operating Partnership LP 2.00% 2031		1,703		1,606
Invitation Homes Operating Partnership LP 2.70% 2034		1,136		1,116
Iraq (Republic of) 6.752% 20232		2,200		2,232
Iron Mountain Information Management Services, Inc. 5.00% 20322		825		846
Iron Mountain, Inc. 5.25% 20302		897		947
Israel (State of) 2.50% 2030		21,810		22,765
Israel (State of) 2.75% 2030		3,040		3,238
Israel (State of) 3.375% 2050		8,310		9,007
Israel (State of) 3.875% 2050		3,895		4,556
Jersey Central Power & Light Co. 4.30% 20262		560		608
Jordan (Hashemite Kingdom of) 4.95% 2025		800		828
Jordan (Hashemite Kingdom of) 5.85% 20302		1,300		1,318
JPMorgan Chase & Co. 1.578% 2027 (USD-SOFR + 0.885% on 4/22/2026)1		15,529		15,354
JPMorgan Chase & Co. 4.493% 2031 (USD-SOFR + 3.79% on 3/24/2030)1		15,010		17,387
JPMorgan Chase & Co. 2.58% 2032 (USD-SOFR + 1.25% on 4/22/2031)1		293		297
JPMorgan Chase & Co. 3.328% 2052 (USD-SOFR + 1.58% on 4/22/2051)1		4,498		4,825
Kantar Group LLC, Term Loan B2, (3-month USD-LIBOR + 4.50%) 5.25% 20265,6		439		439

22 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Kasikornbank PCL HK 3.343% 2031 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.70% on 10/2/2026)1	$	3,740	$	3,745
Kennedy-Wilson Holdings, Inc. 4.75% 2029		1,500		1,536
Kennedy-Wilson Holdings, Inc. 4.75% 2030		865		878
Kennedy-Wilson Holdings, Inc. 5.00% 2031		1,095		1,130
Kenya (Republic of) 6.875% 2024		9,500		10,060
Keurig Dr Pepper, Inc. 3.20% 2030		853		903
Keurig Dr Pepper, Inc. 5.085% 2048		1,825		2,387
Kimberly-Clark Corp. 3.10% 2030		668		721
Kimberly-Clark Corp. 2.00% 2031		3,220		3,207
Kinder Morgan, Inc. 5.20% 2048		1,110		1,374
Kinder Morgan, Inc. 3.60% 2051		19,041		19,193
Kraft Heinz Company 3.875% 2027		1,400		1,514
Kraft Heinz Company 4.625% 2039		120		141
Kraft Heinz Company 5.00% 2042		1,550		1,932
Kraft Heinz Company 5.20% 2045		830		1,058
Kraft Heinz Company 4.375% 2046		145		170
Kraft Heinz Company 4.875% 2049		35		44
Kronos Acquisition Holdings, Inc. 5.00% 20262		610		603
Kronos Acquisition Holdings, Inc. 7.00% 20272		1,775		1,676
L3Harris Technologies, Inc. 1.80% 2031		1,575		1,505
Labl Escrow Issuer, LLC 10.50% 20272		650		682
Labl, Inc. 8.25% 20292		1,670		1,682
Laboratory Corporation of America Holdings 2.70% 2031		2,500		2,541
Lamb Weston Holdings, Inc. 4.125% 20302		925		951
Lamb Weston Holdings, Inc. 4.375% 20322		550		568
LCM Investments Holdings II, LLC 4.875% 20292		71		73
Leader Goal International, Ltd. 4.25% perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 6.919% on 1/19/2023)1		1,250		1,287
Ligado Networks LLC 15.50% PIK 20232,7		1,217		988
Ligado Networks LLC 17.50% PIK 20242,7		415		195
Lima Metro Line 2 Finance, Ltd. 5.875% 20342		4,696		5,404
Lima Metro Line 2 Finance, Ltd. 5.875% 2034		3,652		4,203
Lima Metro Line 2 Finance, Ltd. 4.35% 20362		3,221		3,403
Limited Brands, Inc. 6.625% 20302		235		267
Limited Brands, Inc. 6.875% 2035		478		595
Limited Brands, Inc. 6.75% 2036		12		15
Lithuania (Republic of) 6.625% 20222		2,000		2,010
Lloyds Banking Group PLC 3.75% 2027		6,770		7,331
Lockheed Martin Corp. 3.60% 2035		1,936		2,167
Lockheed Martin Corp. 4.50% 2036		1,613		1,974
Lockheed Martin Corp. 4.07% 2042		954		1,125
Lockheed Martin Corp. 2.80% 2050		4,309		4,307
Lockheed Martin Corp. 4.09% 2052		1,262		1,562
Lowe’s Companies, Inc. 1.70% 2030		1,000		951
Lowe’s Companies, Inc. 4.05% 2047		387		446
Lowe’s Companies, Inc. 3.00% 2050		1,082		1,070
LPL Holdings, Inc. 4.625% 20272		1,320		1,368
LPL Holdings, Inc. 4.375% 20312		655		671
LSB Industries, Inc. 6.25% 20282		1,245		1,297
LSC Communications, Inc. 8.75% 20232,8,9,10		2,502		24
LSF9 Atlantis Holdings LLC / Victra Finance Corp. 7.75% 20262		130		132
LYB International Finance III, LLC 1.25% 2025		475		468
LYB International Finance III, LLC 3.375% 2040		1,000		1,044
LYB International Finance III, LLC 3.625% 2051		2,409		2,557
Mallinckrodt PLC 10.00% 20252		5,040		5,349
Marsh & McLennan Companies, Inc. 3.875% 2024		370		392
Marsh & McLennan Companies, Inc. 4.375% 2029		160		183
Marsh & McLennan Companies, Inc. 2.25% 2030		351		351
Marsh & McLennan Companies, Inc. 2.375% 2031		913		923
Marsh & McLennan Companies, Inc. 4.75% 2039		500		625
Marsh & McLennan Companies, Inc. 4.90% 2049		1,000		1,348
Masco Corp. 1.50% 2028		1,033		1,001
Masco Corp. 2.00% 2031		994		954
Masco Corp. 3.125% 2051		653		650
Mastercard, Inc. 1.90% 2031		2,178		2,192
Mastercard, Inc. 2.00% 2031		4,527		4,517
Mastercard, Inc. 2.95% 2051		1,422		1,475
McDonald’s Corp. 2.125% 2030		1,649		1,643

Capital World Bond Fund 23

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Meituan Dianping 2.125% 2025	$	10,930	$	10,541
Meituan Dianping 3.05% 20302		25,040		23,201
Mercer International, Inc. 5.125% 2029		685		701
Merck & Co., Inc. 1.45% 2030		1,461		1,400
Merck & Co., Inc. 2.15% 2031		2,715		2,725
Merck & Co., Inc. 2.75% 2051		1,351		1,339
Merck & Co., Inc. 2.90% 2061		2,123		2,117
Methanex Corp. 5.65% 2044		200		201
MetLife, Inc. 4.55% 2030		1,750		2,070
Metropolitan Life Global Funding I 3.375% 20222		500		500
Metropolitan Life Global Funding I 1.95% 20232		1,000		1,013
Metropolitan Life Global Funding I 0.95% 20252		666		657
Metropolitan Life Global Funding I 3.45% 20262		2,310		2,493
Metropolitan Life Global Funding I 3.00% 20272		1,150		1,223
Metropolitan Life Global Funding I 1.55% 20312		571		540
Mexico City Airport Trust 4.25% 2026		1,278		1,354
Mexico City Airport Trust 3.875% 2028		1,672		1,735
Mexico City Airport Trust 5.50% 2046		2,675		2,675
Mexico City Airport Trust 5.50% 2047		2,947		2,956
Mexico City Airport Trust 5.50% 20472		287		288
MGM Growth Properties LLC 3.875% 20292		140		147
MicroStrategy, Inc. 6.125% 20282		350		351
Midas Intermediate Holdco II, LLC 7.875% 20222		105		106
Midas OpCo Holdings LLC 5.625% 20292		1,035		1,061
MidCap Financial Issuer Trust 6.50% 20282		800		835
Mitsubishi UFJ Financial Group, Inc. 2.623% 2022		8,000		8,092
Mohegan Gaming & Entertainment 8.00% 20262		1,775		1,866
Molina Healthcare, Inc. 4.375% 20282		135		139
Molina Healthcare, Inc. 3.875% 20302		460		478
Molina Healthcare, Inc. 3.875% 20322		950		958
MoneyGram International, Inc. 5.375% 20262		325		330
Mongolia (State of) 5.125% 2026		700		718
Morgan Stanley 0.985% 2026 (USD-SOFR + 0.72% on 12/10/2025)1		14,750		14,314
Morgan Stanley 1.593% 2027 (USD-SOFR + 0.879% on 5/4/2026)1		10,772		10,672
Morgan Stanley 1.928% 2032 (USD-SOFR + 1.02% on 4/28/2031)1		1,604		1,534
Morgan Stanley 2.239% 2032 (USD-SOFR + 1.178% on 7/21/2031)1		3,674		3,597
Morgan Stanley 2.511% 2032 (USD-SOFR + 1.20% on 10/20/2031)1		905		905
Movida Europe SA 5.25% 20312		4,770		4,408
Mozambique (Republic of) 5.00% 2031 (9.00% on 9/15/2023)1		2,100		1,785
Mozart Debt Merger Sub, Inc. 3.875% 20292		430		429
Mozart Debt Merger Sub, Inc. 5.25% 20292		1,365		1,386
MPLX LP 2.65% 2030		9,007		8,976
MPLX LP 4.70% 2048		1,449		1,676
MPLX LP 5.50% 2049		22,015		28,180
MSCI, Inc. 3.625% 20312		900		935
MSCI, Inc. 3.875% 20312		1,290		1,345
MV24 Capital BV 6.748% 2034		8,191		8,459
Nabors Industries, Inc. 7.375% 20272		710		736
National Financial Partners Corp. 6.875% 20282		1,578		1,585
National Grid PLC 3.15% 20272		1,105		1,148
Navient Corp. 5.50% 2023		1,941		2,024
Navient Corp. 5.875% 2024		2,500		2,668
Navient Corp. 6.125% 2024		187		200
Navient Corp. 4.875% 2028		530		529
NBM US Holdings, Inc. 7.00% 20262		9,816		10,307
NCL Corp., Ltd. 3.625% 20242		1,180		1,115
NCL Corp., Ltd. 5.875% 20262		700		698
NCR Corp. 5.125% 20292		1,350		1,400
Neiman Marcus Group, LLC 7.125% 20262		1,160		1,233
Nestlé Holdings, Inc. 0.625% 20262		6,692		6,492
Nestlé Holdings, Inc. 1.00% 20272		4,275		4,105
Nestlé Holdings, Inc. 1.15% 20272		2,650		2,587
Nestle Skin Health SA, Term Loan B3, (3-month USD-LIBOR + 3.75%) 4.50% 20265,6		2,852		2,858
Netflix, Inc. 4.875% 2028		3,146		3,592
Netflix, Inc. 5.875% 2028		3,299		3,973
Netflix, Inc. 5.375% 20292		2,212		2,631
Netflix, Inc. 4.875% 20302		931		1,087
New Fortress Energy, Inc. 6.75% 20252		925		935
New Fortress Energy, Inc. 6.50% 20262		3,320		3,299

24 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
New York Life Global Funding 2.30% 20222	$	3,000	$	3,026
New York Life Global Funding 0.95% 20252		842		830
New York Life Global Funding 0.85% 20262		1,750		1,710
New York Life Global Funding 1.20% 20302		11,702		10,932
New York Life Global Funding 1.85% 20312		1,000		972
New York Life Insurance Company 3.75% 20502		2,315		2,642
New York State Electric & Gas Corp. 3.25% 20262		3,000		3,194
Newcrest Finance Pty, Ltd. 3.25% 20302		3,070		3,219
Newcrest Finance Pty, Ltd. 4.20% 20502		471		536
Newell Brands, Inc. 5.875% 20361		550		679
Newell Rubbermaid, Inc. 4.70% 2026		570		622
Nexstar Broadcasting, Inc. 4.75% 20282		797		813
Nexstar Escrow Corp. 5.625% 20272		780		823
NextEra Energy Capital Holdings, Inc. 1.90% 2028		6,375		6,313
NGL Energy Operating LLC 7.50% 20262		2,575		2,659
NGL Energy Partners LP 7.50% 2023		2,032		2,004
Niagara Mohawk Power Corp. 4.278% 20342		3,000		3,383
Nielsen Finance LLC and Nielsen Finance Co. 5.625% 20282		730		755
NIKE, Inc. 3.375% 2050		3,450		3,909
Norfolk Southern Corp. 3.05% 2050		816		834
Northern Oil and Gas, Inc. 8.125% 20282		1,670		1,764
Northern States Power Co. 2.25% 2031		3,079		3,107
Northern States Power Co. 2.60% 2051		1,250		1,196
Northrop Grumman Corp. 3.25% 2028		3,145		3,369
Northrop Grumman Corp. 5.25% 2050		1,098		1,542
Northwestern Mutual Global Funding 0.80% 20262		889		864
Nova Chemicals Corp. 4.25% 20292		650		654
Novelis Corp. 3.25% 20262		125		126
Novelis Corp. 4.75% 20302		770		811
Novelis Corp. 3.875% 20312		105		105
Nuveen, LLC 4.00% 20282		545		605
Oasis Midstream Partners LP / OMP Finance Corp. 8.00% 20292		600		655
Oasis Petroleum, Inc. 6.375% 20262		680		715
Occidental Petroleum Corp. 5.875% 2025		960		1,060
Occidental Petroleum Corp. 8.00% 2025		420		491
Occidental Petroleum Corp. 6.375% 2028		1,725		2,051
Occidental Petroleum Corp. 3.50% 2029		670		689
Occidental Petroleum Corp. 6.125% 2031		470		572
State of Ohio, Turnpike and Infrastructure Commission, Turnpike Rev. Ref. Bonds (Infrastructure Projects), Series 2020-A, 3.216% 2048		7,560		7,710
Oleoducto Central SA 4.00% 20272		20,945		20,851
Oleoducto Central SA 4.00% 2027		4,602		4,581
Oman (Sultanate of) 6.25% 20312		3,400		3,724
Oncor Electric Delivery Company, LLC 2.70% 20512		2,043		1,970
ONEOK, Inc. 4.00% 2027		84		91
ONEOK, Inc. 4.35% 2029		49		53
ONEOK, Inc. 3.10% 2030		918		936
ONEOK, Inc. 4.95% 2047		282		327
ONEOK, Inc. 5.20% 2048		3,881		4,701
ONEOK, Inc. 4.45% 2049		1,873		2,075
Option Care Health, Inc. 4.375% 20292		225		226
Oracle Corp. 2.65% 2026		9,890		10,174
Oracle Corp. 3.25% 2027		8,084		8,517
Oracle Corp. 2.875% 2031		3,286		3,310
Oracle Corp. 3.60% 2050		2,475		2,428
Oracle Corp. 3.95% 2051		1,846		1,920
OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20592,4,6		3,114		3,118
Otis Worldwide Corp. 2.056% 2025		1,000		1,017
Otis Worldwide Corp. 2.565% 2030		2,000		2,031
Otis Worldwide Corp. 3.362% 2050		500		528
Owens & Minor, Inc. 4.375% 2024		1,985		2,112
Pacific Gas and Electric Co. 3.15% 2026		6,974		7,135
Pacific Gas and Electric Co. 2.10% 2027		8,408		8,124
Pacific Gas and Electric Co. 3.30% 2027		3,339		3,400
Pacific Gas and Electric Co. 3.00% 2028		22,140		22,318
Pacific Gas and Electric Co. 4.65% 2028		11,414		12,461
Pacific Gas and Electric Co. 4.55% 2030		6,216		6,727
Pacific Gas and Electric Co. 2.50% 2031		25,992		24,789
Pacific Gas and Electric Co. 3.25% 2031		14,623		14,687

Capital World Bond Fund 25

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Pacific Gas and Electric Co. 3.30% 2040	$	19,545	$	18,157
Pacific Gas and Electric Co. 3.75% 2042		3,399		3,178
Pacific Gas and Electric Co. 3.50% 2050		6,400		5,945
Pakistan (Islamic Republic of) 5.625% 2022		50,650		51,729
Panama (Republic of) 3.75% 20262		735		782
Panama (Republic of) 4.50% 2056		1,139		1,259
Panama (Republic of) 3.87% 2060		1,160		1,164
Panther BF Aggregator 2, LP 6.25% 20262		154		161
Panther BF Aggregator 2, LP 8.50% 20272		385		409
Park Intermediate Holdings LLC 4.875% 20292		480		492
Parker-Hannifin Corp. 3.25% 2029		70		74
Parkland Corp. 4.625% 20302		280		279
Party City Holdings, Inc. 8.75% 20262		2,336		2,414
PayPal Holdings, Inc. 2.85% 2029		2,995		3,155
PayPal Holdings, Inc. 2.30% 2030		4,178		4,248
PayPal Holdings, Inc. 3.25% 2050		879		944
Pearl Merger Sub, Inc. 6.75% 20282		450		463
PepsiCo, Inc. 1.95% 2031		1,162		1,163
PepsiCo, Inc. 2.75% 2051		850		873
Peru (Republic of) 3.00% 2034		235		235
Petróleos Mexicanos 4.875% 2022		5,060		5,075
Petróleos Mexicanos 4.625% 2023		1,990		2,042
Petróleos Mexicanos 6.875% 20252		10,339		11,309
Petróleos Mexicanos 6.875% 2026		23,050		25,374
Petróleos Mexicanos 6.50% 2027		20,385		21,773
Petróleos Mexicanos 6.50% 2029		380		395
Petróleos Mexicanos 6.70% 20322		10,329		10,453
Petróleos Mexicanos 7.69% 2050		500		484
Petróleos Mexicanos 6.95% 2060		776		694
PETRONAS Capital, Ltd. 3.50% 20302		2,715		2,940
PETRONAS Capital, Ltd. 4.55% 20502		3,885		4,824
Pfizer, Inc. 2.75% 2026		915		970
Pfizer, Inc. 1.70% 2030		3,120		3,059
PG&E Corp. 5.00% 2028		2,660		2,803
PGT Innovations, Inc. 4.375% 20292		480		483
Philip Morris International, Inc. 2.875% 2024		5,750		5,981
Philip Morris International, Inc. 1.75% 2030		503		479
Philip Morris International, Inc. 2.10% 2030		4,939		4,838
Philippines (Republic of) 6.375% 2032		2,190		2,938
Philippines (Republic of) 6.375% 2034		2,320		3,227
Pioneer Natural Resources Company 1.125% 2026		458		445
Pioneer Natural Resources Company 2.15% 2031		511		494
Plains All American Pipeline LP 3.80% 2030		1,797		1,879
Playa Resorts Holding BV, Term Loan B, (3-month USD-LIBOR + 2.75%) 3.75% 20245,6		967		945
PLDT, Inc. 2.50% 2031		380		378
PLDT, Inc. 3.45% 2050		510		512
Post Holdings, Inc. 5.625% 20282		760		807
Post Holdings, Inc. 4.625% 20302		805		821
Power Financial Corp., Ltd. 4.50% 2029		1,170		1,249
Power Financial Corp., Ltd. 3.35% 2031		6,950		6,865
Praxair, Inc. 1.10% 2030		676		632
Praxair, Inc. 2.00% 2050		512		448
Procter & Gamble Company 0.55% 2025		1,792		1,750
Procter & Gamble Company 1.00% 2026		338		334
Procter & Gamble Company 1.20% 2030		1,685		1,595
Prudential Financial, Inc. 3.905% 2047		250		291
Prudential Financial, Inc. 4.35% 2050		1,950		2,439
Prudential Financial, Inc. 3.70% 2051		250		285
Prudential Financial, Inc., junior subordinated, 5.70% 2048 (3-month USD-LIBOR + 2.665% on 9/15/2028)1		1,750		1,962
PT Bank Negara Indonesia (Persero) Tbk 3.75% 2026		21,270		21,622
PT Indofood CBP Sukses Makmur Tbk 3.398% 2031		11,920		12,052
PT Indonesia Asahan Aluminium Tbk 6.53% 20282		1,030		1,246
PT Indonesia Asahan Aluminium Tbk 5.45% 20302		4,160		4,749
PTT Exploration and Production PCL 2.587% 20272		1,460		1,490
Public Service Electric and Gas Co. 2.05% 2050		2,700		2,288
Public Storage 2.25% 2031		492		495
Public Storage 2.30% 2031		759		767
Qatar (State of) 4.50% 20222		3,500		3,510

26 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Qatar (State of) 3.875% 20232	$	1,855	$	1,930
Qatar (State of) 3.40% 2025		19,930		21,177
Qatar (State of) 3.40% 20252		8,810		9,361
Qatar (State of) 4.50% 20282		10,775		12,394
Qatar (State of) 4.00% 20292		1,661		1,875
Qatar (State of) 4.00% 2029		675		762
Qatar (State of) 5.103% 20482		2,495		3,382
Qatar (State of) 4.40% 20502		2,145		2,669
Qatar Petroleum 1.375% 20262		9,645		9,470
Qatar Petroleum 3.125% 20412		23,640		23,953
Qatar Petroleum 3.30% 20512		4,710		4,866
Radiology Partners, Inc. 9.25% 20282		1,339		1,408
Range Resources Corp. 8.25% 2029		1,200		1,340
Raptor Acquisition Corp. 4.875% 20262		1,150		1,163
Raytheon Technologies Corp. 1.90% 2031		1,430		1,381
Raytheon Technologies Corp. 2.375% 2032		1,000		1,000
Raytheon Technologies Corp. 2.82% 2051		750		726
Raytheon Technologies Corp. 3.03% 2052		500		504
Real Hero Merger Sub 2, Inc. 6.25% 20292		125		125
Realogy Corp. 5.75% 20292		655		672
Regeneron Pharmaceuticals, Inc. 1.75% 2030		5,949		5,633
Reynolds American, Inc. 5.85% 2045		3,540		4,311
Rio Tinto Finance (USA), Ltd. 2.75% 2051		1,617		1,606
Ritchie Bros. Holdings, Inc. 4.75% 20312		395		413
RLJ Lodging Trust, LP 4.00% 20292		270		268
Roche Holdings, Inc. 1.93% 20282		5,655		5,693
Roche Holdings, Inc. 2.076% 20312		5,376		5,365
Roche Holdings, Inc. 2.607% 20512		1,409		1,386
Rockcliff Energy II LLC 5.50% 20292		190		196
Rocket Mortgage / Rocket Mortgage Co-Issuer, Inc. 2.875% 20262		400		398
Roller Bearing Company of America, Inc. 4.375% 20292		75		77
Roper Technologies, Inc. 1.75% 2031		2,500		2,351
Royal Bank of Canada 1.20% 2026		14,600		14,354
Royal Bank of Scotland PLC 4.445% 2030 (3-month USD-LIBOR + 1.871% on 5/5/2029)1		11,500		12,928
Royal Caribbean Cruises, Ltd. 11.50% 20252		298		334
RP Escrow Issuer, LLC 5.25% 20252		930		939
Russian Federation 4.75% 2026		2,000		2,190
Russian Federation 4.25% 2027		9,600		10,396
Russian Federation 4.375% 2029		19,400		21,421
Russian Federation 4.375% 20292		400		442
Russian Federation 5.10% 2035		1,800		2,126
Russian Federation 5.25% 2047		1,200		1,522
Rwanda (Republic of) 5.50% 20312		1,000		1,012
SA Global Sukuk, Ltd. 0.946% 20242		955		942
SA Global Sukuk, Ltd. 1.602% 20262		2,215		2,183
SA Global Sukuk, Ltd. 2.694% 20312		12,515		12,612
Sabine Pass Liquefaction, LLC 4.50% 2030		2,113		2,386
salesforce.com, inc. 1.95% 2031		875		868
salesforce.com, inc. 2.70% 2041		375		375
salesforce.com, inc. 2.90% 2051		600		612
salesforce.com, inc. 3.05% 2061		2,650		2,734
San Diego Gas & Electric Co. 2.95% 2051		2,842		2,867
Sands China, Ltd. 3.80% 2026		1,065		1,072
Sands China, Ltd. 2.30% 20272		1,300		1,225
Santander Holdings USA, Inc. 3.244% 2026		19,225		20,079
Saudi Arabia (Kingdom of) 2.894% 20222		8,800		8,868
Saudi Arabia (Kingdom of) 3.25% 2026		1,700		1,814
Saudi Arabia (Kingdom of) 3.625% 20282		16,280		17,760
Saudi Arabia (Kingdom of) 3.625% 2028		5,800		6,327
Saudi Arabia (Kingdom of) 2.25% 20312		15,985		15,872
Saudi Arabian Oil Co. 1.625% 20252		2,320		2,310
Scentre Group 3.25% 20252		1,395		1,468
Scentre Group 3.50% 20252		956		1,007
Scentre Group 3.75% 20272		2,020		2,177
Scientific Games Corp. 8.625% 20252		750		802
Scientific Games Corp. 8.25% 20262		2,680		2,824
Scientific Games Corp. 7.00% 20282		180		192
Scientific Games Corp. 7.25% 20292		500		558

Capital World Bond Fund 27

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
SCIH Salt Holdings, Inc. 4.875% 20282	$	615	$	591
SCIH Salt Holdings, Inc. 6.625% 20292		1,400		1,311
SCIL IV LLC 5.375% 20262		450		462
Scotts Miracle-Gro Co. 4.50% 2029		650		679
Scotts Miracle-Gro Co. 4.375% 20322		520		520
ServiceNow, Inc. 1.40% 2030		10,473		9,760
Shell International Finance BV 3.50% 2023		6,611		6,919
Shell International Finance BV 3.875% 2028		2,750		3,076
Shell International Finance BV 2.375% 2029		3,990		4,079
Shell International Finance BV 2.75% 2030		870		910
Shell International Finance BV 3.125% 2049		1,170		1,207
Sherwin-Williams Company 2.75% 2022		73		74
Sherwin-Williams Company 3.45% 2027		1,892		2,048
Sherwin-Williams Company 2.95% 2029		500		527
Sherwin-Williams Company 2.30% 2030		849		848
Sherwin-Williams Company 2.20% 2032		750		742
Sherwin-Williams Company 4.50% 2047		500		625
Sherwin-Williams Company 3.80% 2049		250		282
Sherwin-Williams Company 3.30% 2050		750		792
Sherwin-Williams Company 2.90% 2052		250		245
Siam Commercial Bank Public Co., Ltd. 3.90% 2024		1,210		1,274
Simmons Foods, Inc. 4.625% 20292		802		791
Sinopec Group Overseas Development (2018), Ltd. 1.45% 2026		11,000		10,873
Sinopec Group Overseas Development (2018), Ltd. 2.30% 20312		700		690
Sirius XM Radio, Inc. 4.00% 20282		1,775		1,788
Sirius XM Radio, Inc. 3.875% 20312		1,075		1,056
SK hynix, Inc. 1.50% 20262		952		932
SK hynix, Inc. 2.375% 20312		894		861
SM Energy Co. 6.50% 2028		200		207
Solera Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 4.00%) 4.50% 20285,6		773		774
Sonic Automotive, Inc. 4.625% 20292		615		622
Sonic Automotive, Inc. 4.875% 20312		505		511
Southern California Edison Co. 2.85% 2029		1,100		1,139
Southern California Edison Co. 2.25% 2030		6,074		6,001
Southern California Edison Co. 3.65% 2050		2,004		2,126
Southern California Edison Co. 2.95% 2051		4,093		3,908
Southern California Edison Co. 3.65% 2051		4,414		4,794
Southwestern Electric Power Co. 3.25% 2051		2,174		2,161
Southwestern Energy Co. 6.45% 2025 (6.20% on 1/23/2022)1		530		583
Southwestern Energy Co. 7.75% 2027		165		178
Southwestern Energy Co. 8.375% 2028		307		343
Southwestern Energy Co. 5.375% 2030		1,040		1,116
Southwestern Energy Co. 4.75% 2032		405		427
Sprint Corp. 7.625% 2026		1,262		1,517
Sprint Corp. 6.875% 2028		2,765		3,502
Sri Lanka (Democratic Socialist Republic of) 5.75% 2022		59,495		54,108
Sri Lanka (Democratic Socialist Republic of) 5.75% 2023		10,896		6,151
Sri Lanka (Democratic Socialist Republic of) 5.75% 20232		214		121
Sri Lanka (Democratic Socialist Republic of) 7.85% 2029		659		337
Sri Lanka (Democratic Socialist Republic of) 7.55% 2030		2,116		1,063
State Bank of India 3.25% 2022		460		461
State Bank of India 4.50% 2023		2,070		2,177
State Grid Overseas Investment, Ltd. 3.50% 20272		2,000		2,161
Statoil ASA 3.25% 2024		1,050		1,107
Stellantis Finance US, Inc. 1.711% 20272		6,000		5,901
Stellantis Finance US, Inc. 2.691% 20312		3,775		3,716
Stericycle, Inc. 3.875% 20292		1,120		1,105
Summit Digitel Infrastructure Private, Ltd. 2.875% 20312		1,435		1,384
Summit Midstream Holdings / Summit Midstream Finance Corp. 8.50% 20262		525		548
Sun Communities Operating LP 2.30% 2028		1,062		1,062
Sun Communities Operating LP 2.70% 2031		2,469		2,452
Suncor Energy, Inc. 3.75% 2051		1,625		1,748
Sunoco Logistics Operating Partners LP 5.40% 2047		399		469
Sunoco LP 4.50% 2029		885		900
Sunoco LP 4.50% 20302		515		529
Surgery Center Holdings 10.00% 20272		840		893
SVB Financial Group 4.70% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 3.064% on 11/15/2031)1		3,627		3,738

28 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Swiss Re Finance (Luxembourg) SA 5.00% 2049 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.582% on 4/2/2029)1,2	$	6,200	$	6,960
Synchrony Financial 3.95% 2027		3,475		3,735
Synchrony Financial 2.875% 2031		1,675		1,673
Talen Energy Corp. 10.50% 20262		1,585		683
Talen Energy Corp. 7.25% 20272		1,780		1,577
Talen Energy Supply, LLC 7.625% 20282		625		557
Targa Resources Partners LP 5.50% 2030		592		648
Targa Resources Partners LP 4.875% 2031		427		464
Teekay Offshore Partners LP 8.50% 20232,9,10		30		27
Tencent Holdings, Ltd. 1.81% 2026		600		600
Tencent Holdings, Ltd. 3.975% 2029		450		490
Tencent Holdings, Ltd. 2.39% 20302		500		490
Tencent Holdings, Ltd. 3.24% 20502		9,220		8,717
Tencent Music Entertainment Group 2.00% 2030		3,480		3,259
Tenet Healthcare Corp. 4.875% 20262		636		654
Teva Pharmaceutical Finance Co. BV 6.00% 2024		1,188		1,246
Teva Pharmaceutical Finance Co. BV 3.15% 2026		51,510		48,500
Teva Pharmaceutical Finance Co. BV 4.75% 2027		335		332
Teva Pharmaceutical Finance Co. BV 5.125% 2029		945		928
Teva Pharmaceutical Finance Co. BV 4.10% 2046		23,995		20,313
State of Texas, Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 2052		10,005		10,130
Thermo Fisher Scientific, Inc. 2.80% 2041		1,458		1,478
T-Mobile US, Inc. 1.50% 2026		9,025		8,923
T-Mobile US, Inc. 2.05% 2028		5,375		5,339
T-Mobile US, Inc. 3.875% 2030		2,164		2,369
T-Mobile US, Inc. 2.55% 2031		8,589		8,553
T-Mobile US, Inc. 3.00% 2041		1,376		1,346
T-Mobile US, Inc. 3.40% 20522		1,450		1,446
TNB Global Ventures Capital Bhd. 3.244% 2026		1,000		1,045
TopBuild Corp. 4.125% 20322		475		488
Toronto-Dominion Bank 2.00% 2031		3,238		3,195
Total Capital International 2.829% 2030		3,350		3,511
Toyota Motor Credit Corp. 3.00% 2025		472		496
Toyota Motor Credit Corp. 3.20% 2027		3,330		3,575
Toyota Motor Credit Corp. 3.05% 2028		2,589		2,780
Toyota Motor Credit Corp. 3.375% 2030		3,527		3,869
TransCanada PipeLines, Ltd. 4.10% 2030		4,339		4,845
TransDigm, Inc. 5.50% 2027		760		784
TransDigm, Inc. 4.625% 2029		720		719
Transocean Guardian, Ltd. 5.875% 20242		279		264
Transocean Poseidon, Ltd. 6.875% 20272		608		588
Transocean, Inc. 7.25% 20252		375		289
Transocean, Inc. 8.00% 20272		425		306
Travelers Companies, Inc. 4.10% 2049		500		608
Truck Hero, Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 4.00% 20285,6		174		173
Turkey (Republic of) 6.25% 2022		4,915		4,962
Turkey (Republic of) 7.25% 2023		11,000		11,162
Turkey (Republic of) 6.35% 2024		12,500		12,326
Turkey (Republic of) 4.75% 2026		4,800		4,420
Turkey (Republic of) 6.00% 2041		2,100		1,752
U.S. Treasury 0.125% 2022		51,520		51,441
U.S. Treasury 0.125% 2022		9,500		9,501
U.S. Treasury 0.125% 2023		41,810		41,333
U.S. Treasury 0.125% 2023		7,500		7,436
U.S. Treasury 0.375% 2023		2,569		2,555
U.S. Treasury 1.375% 2023		14,040		14,208
U.S. Treasury 1.375% 2023		3,770		3,816
U.S. Treasury 2.75% 2023		40		41
U.S. Treasury 0.25% 2024		16,000		15,815
U.S. Treasury 0.375% 2024		94,050		92,827
U.S. Treasury 0.375% 2024		357		353
U.S. Treasury 1.25% 2024		10,000		10,093
U.S. Treasury 1.50% 202412		84,650		85,999
U.S. Treasury 1.50% 2024		16,350		16,608
U.S. Treasury 2.00% 2024		9,000		9,254
U.S. Treasury 2.00% 2024		7,800		8,012
U.S. Treasury 2.00% 2024		3,700		3,802

Capital World Bond Fund 29

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
U.S. Treasury 2.25% 202412	$	54,760	$	56,552
U.S. Treasury 0.25% 202512		227,300		220,265
U.S. Treasury 0.25% 2025		136,626		132,103
U.S. Treasury 0.25% 2025		132,461		128,314
U.S. Treasury 0.25% 2025		62,430		60,746
U.S. Treasury 2.75% 2025		68,290		72,208
U.S. Treasury 2.875% 2025		27,270		29,077
U.S. Treasury 2.875% 2025		72		76
U.S. Treasury 0.375% 2026		200,560		194,153
U.S. Treasury 0.625% 2026		44,400		43,194
U.S. Treasury 0.75% 2026		171,225		168,041
U.S. Treasury 0.75% 2026		2,926		2,862
U.S. Treasury 0.875% 2026		50,975		50,100
U.S. Treasury 0.875% 2026		44,247		43,565
U.S. Treasury 1.125% 2026		130,130		129,343
U.S. Treasury 1.25% 2026		2,238		2,238
U.S. Treasury 2.25% 2026		25		26
U.S. Treasury 0.50% 2027		4,200		4,010
U.S. Treasury 0.625% 2027		4,200		4,021
U.S. Treasury 2.25% 2027		10,500		11,007
U.S. Treasury 1.125% 2028		12,800		12,559
U.S. Treasury 2.75% 2028		13,845		14,968
U.S. Treasury 2.875% 2028		53,600		58,423
U.S. Treasury 1.625% 2029		650		660
U.S. Treasury 0.625% 203012		114,457		107,052
U.S. Treasury 0.625% 2030		20		19
U.S. Treasury 0.875% 2030		36,930		35,125
U.S. Treasury 1.50% 2030		240		241
U.S. Treasury 1.25% 2031		52,300		51,152
U.S. Treasury 1.375% 2031		9,374		9,257
U.S. Treasury 1.625% 2031		12,235		12,393
U.S. Treasury 4.375% 2039		1,500		2,093
U.S. Treasury 1.125% 204012		71,716		62,902
U.S. Treasury 1.125% 2040		50		44
U.S. Treasury 4.625% 2040		1,350		1,940
U.S. Treasury 1.75% 2041		4,200		4,071
U.S. Treasury 1.875% 2041		85,016		84,165
U.S. Treasury 2.25% 204112		43,475		45,664
U.S. Treasury 3.125% 2041		1,100		1,324
U.S. Treasury 2.75% 2042		3,350		3,824
U.S. Treasury 2.75% 2042		1,000		1,142
U.S. Treasury 2.875% 2043		1,600		1,863
U.S. Treasury 3.125% 2044		940		1,144
U.S. Treasury 3.375% 2044		2,700		3,405
U.S. Treasury 2.875% 2045		1,250		1,471
U.S. Treasury 3.00% 2045		1,425		1,716
U.S. Treasury 3.00% 2045		1,125		1,348
U.S. Treasury 3.00% 2048		7,110		8,694
U.S. Treasury 3.375% 2048		1,150		1,507
U.S. Treasury 2.375% 2049		100		110
U.S. Treasury 3.00% 2049		520		640
U.S. Treasury 1.25% 205012		12,110		10,303
U.S. Treasury 1.375% 2050		2,745		2,410
U.S. Treasury 1.625% 2050		5,855		5,464
U.S. Treasury 2.00% 2050		22,480		22,879
U.S. Treasury 2.00% 2051		4,405		4,496
U.S. Treasury 2.375% 205112		43,240		47,841
U.S. Treasury Inflation-Protected Security 0.125% 20223		22,641		23,216
U.S. Treasury Inflation-Protected Security 0.125% 20223		17,249		17,514
U.S. Treasury Inflation-Protected Security 0.125% 20243		3,711		3,966
U.S. Treasury Inflation-Protected Security 0.125% 20243		3,261		3,479
U.S. Treasury Inflation-Protected Security 0.625% 20243		4,452		4,744
U.S. Treasury Inflation-Protected Security 0.125% 20253		1,066		1,150
U.S. Treasury Inflation-Protected Security 0.375% 20253		1,283		1,396
U.S. Treasury Inflation-Protected Security 0.125% 20263		11,915		12,865
U.S. Treasury Inflation-Protected Security 0.125% 20263		5,059		5,506
U.S. Treasury Inflation-Protected Security 0.125% 20513,12		24,338		28,825
UKG, Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 3.75% 20265,6		450		448
UKG, Inc., Term Loan, (3-month USD-LIBOR + 5.25%) 5.75% 20275,6		750		755

30 Capital World Bond Fund

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Ukraine 7.75% 2022	$	30,660	$	30,461
Ukraine 7.75% 2024		12,460		12,122
Ukraine 8.994% 2024		1,900		1,903
Ukraine 7.75% 2027		2,300		2,189
Ukraine 7.375% 20322		560		501
Ukraine 1.258% 20406		1,000		914
UniCredit SpA 5.459% 2035 (5-year USD-ICE Swap + 4.75% on 6/30/2030)1,2		16,050		17,505
Uniform Mortgage-Backed Security 1.50% 20374,13		21,253		21,274
Uniform Mortgage-Backed Security 1.50% 20374,13		13,885		13,923
Uniform Mortgage-Backed Security 3.00% 20374,13		1,122		1,173
Uniform Mortgage-Backed Security 2.50% 20524,13		114,265		116,038
Uniform Mortgage-Backed Security 2.50% 20524,13		42,995		43,759
Uniform Mortgage-Backed Security 3.50% 20524,13		32,118		33,814
Uniform Mortgage-Backed Security 4.00% 20524,13		11,049		11,753
Unifrax Escrow Issuer Corp. 5.25% 20282		255		258
Unifrax Escrow Issuer Corp. 7.50% 20292		1,000		1,011
Union Pacific Corp. 4.30% 2049		1,550		1,933
Union Pacific Corp. 3.25% 2050		1,680		1,806
Union Pacific Corp. 3.75% 2070		302		343
Union Pacific Corp. 3.799% 2071		302		351
United Mexican States 3.25% 2030		880		903
United Mexican States 5.00% 2051		1,020		1,160
United Technologies Corp. 3.65% 2023		185		192
United Technologies Corp. 3.125% 2027		250		266
United Technologies Corp. 4.125% 2028		4,100		4,590
United Technologies Corp. 4.50% 2042		500		620
UnitedHealth Group, Inc. 3.75% 2025		2,160		2,344
UnitedHealth Group, Inc. 3.25% 2051		1,938		2,101
Univision Communications, Inc. 6.625% 20272		975		1,052
Univision Communications, Inc. 4.50% 20292		1,850		1,872
US Foods, Inc. 4.625% 20302		325		329
Vale Overseas, Ltd. 3.75% 2030		5,755		5,966
Valvoline, Inc. 3.625% 20312		1,103		1,070
Venator Materials Corp. 5.75% 20252		1,284		1,234
Venator Materials Corp. 9.50% 20252		1,000		1,094
Venezuela (Bolivarian Republic of) 7.00% 20188		60		4
Venezuela (Bolivarian Republic of) 7.75% 20198		1,074		70
Venezuela (Bolivarian Republic of) 6.00% 20208		883		57
Venezuela (Bolivarian Republic of) 12.75% 20228		80		5
Venezuela (Bolivarian Republic of) 9.00% 20238		1,289		84
Venezuela (Bolivarian Republic of) 8.25% 20248		279		18
Venezuela (Bolivarian Republic of) 7.65% 20258		120		8
Venezuela (Bolivarian Republic of) 11.75% 20268		60		4
Venezuela (Bolivarian Republic of) 9.25% 20278		159		10
Venezuela (Bolivarian Republic of) 9.25% 20288		2,498		162
Venezuela (Bolivarian Republic of) 11.95% 20318		99		6
Venezuela (Bolivarian Republic of) 7.00% 20388		99		6
Venture Global Calcasieu Pass, LLC 3.875% 20292		1,870		1,943
Venture Global Calcasieu Pass, LLC 4.125% 20312		1,690		1,794
Venture Global Calcasieu Pass, LLC 3.875% 20332		475		498
Verizon Communications, Inc. 2.10% 2028		1,600		1,604
Verizon Communications, Inc. 4.329% 2028		3,315		3,769
Verizon Communications, Inc. 1.68% 2030		2,500		2,378
Verizon Communications, Inc. 3.15% 2030		3,500		3,707
Verizon Communications, Inc. 1.75% 2031		4,242		4,020
Verizon Communications, Inc. 2.55% 2031		26,475		26,738
Verizon Communications, Inc. 2.355% 20322		4,808		4,743
Verizon Communications, Inc. 3.40% 2041		1,800		1,888
Verizon Communications, Inc. 3.85% 2042		443		496
Verizon Communications, Inc. 2.875% 2050		2,725		2,593
Verizon Communications, Inc. 3.55% 2051		2,794		3,016
Viavi Solutions, Inc. 3.75% 20292		291		291
VICI Properties LP 4.625% 20292		742		791
VICI Properties LP / VICI Note Co., Inc. 4.125% 20302		375		397
Vigorous Champion International, Ltd. 4.25% 2029		2,000		2,113
Vinci SA 3.75% 20292		6,844		7,484
Virginia Electric and Power Co. 2.875% 2029		1,760		1,849
Virtusa Corp., Term Loan B, (3-month USD-LIBOR + 3.75%) 4.50% 20285,6		50		50

Capital World Bond Fund 31

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. dollars (continued)
Vistra Corp. 7.00% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 5.74% on 12/15/2026)1,2	$	700	$	710
Vodafone Group PLC 4.25% 2050		1,400		1,620
Volkswagen Group of America Finance, LLC 3.125% 20232		14,770		15,189
Volkswagen Group of America Finance, LLC 4.25% 20232		14,700		15,530
Volkswagen Group of America Finance, LLC 2.85% 20242		1,124		1,163
Volkswagen Group of America Finance, LLC 4.625% 20252		6,345		6,995
Volkswagen Group of America Finance, LLC 4.75% 20282		2,000		2,305
W. R. Grace Holdings LLC 5.625% 20292		655		672
Walt Disney Company 2.65% 2031		13,510		14,070
Warrior Met Coal, Inc. 7.875% 20282		850		872
WASH Multifamily Acquisition, Inc. 5.75% 20262		810		852
Weatherford International, Ltd. 11.00% 20242		139		143
Weatherford International, Ltd. 6.50% 20282		150		159
Weatherford International, Ltd. 8.625% 20302		440		458
Wells Fargo & Company 2.393% 2028 (USD-SOFR + 2.10% on 6/2/2027)1		26,643		27,098
Wells Fargo & Company 2.572% 2031 (3-month USD-LIBOR + 1.00% on 2/11/2030)1		4,285		4,379
WESCO Distribution, Inc. 7.125% 20252		480		509
WESCO Distribution, Inc. 7.25% 20282		522		573
Western Gas Partners LP 5.45% 2044		82		98
Western Global Airlines LLC 10.375% 20252		715		796
Western Midstream Operating, LP 4.75% 2028		240		266
Westlake Chemical Corp. 5.00% 2046		260		330
Westlake Chemical Corp. 4.375% 2047		505		595
Westpac Banking Corp. 2.894% 2030 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.35% on 2/4/2025)1		17,000		17,370
Westpac Banking Corp. 4.11% 2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.00% on 7/24/2029)1		2,279		2,462
Westpac Banking Corp. 2.668% 2035 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 11/15/2030)1		3,425		3,340
Westpac Banking Corp. 2.963% 2040		400		393
WeWork Companies, LLC 5.00% 20252		450		391
Williams Companies, Inc. 3.50% 2030		9,277		9,872
Williams Partners LP 6.30% 2040		498		676
Wisconsin Electric Power Co. 2.85% 2051		1,469		1,447
Wisconsin Power and Light Co. 1.95% 2031		2,500		2,435
Wyndham Worldwide Corp. 4.375% 20282		90		93
Xcel Energy, Inc. 3.35% 2026		1,500		1,595
Xcel Energy, Inc. 2.35% 2031		3,254		3,241
Xiaomi Best Time International, Ltd. 2.875% 20312		1,480		1,453
Yahoo Holdings, Inc., Term Loan B, (1-month USD-LIBOR + 5.50%) 6.25% 20275,6		950		953
Ziggo Bond Co. BV 5.125% 20302		525		528
Ziggo Bond Finance BV 4.875% 20302		800		822
Zimmer Holdings, Inc. 3.15% 2022		5,030		5,040
				6,562,901
Total bonds, notes & other debt instruments (cost: $14,750,378,000)				14,705,968
Convertible bonds & notes 0.02%
U.S. dollars 0.02%
Airbnb, Inc., convertible notes, 0% 20262		543		533
American Airlines Group, Inc., convertible notes, 6.50% 2025		250		346
Arrival Group, convertible notes, 3.50% 20262		400		369
DISH DBS Corp., convertible notes, 3.375% 2026		390		370
NCL Corp., Ltd., convertible notes, 5.375% 2025		174		248
Penn National Gaming, Inc., convertible notes, 2.75% 2026		87		207
Royal Caribbean Cruises, Ltd., convertible notes, 4.25% 2023		195		249
Total convertible bonds & notes (cost: $2,282,000)				2,322
Convertible stocks 0.00%	Shares
U.S. dollars 0.00%
2020 Cash Mandatory Exchangeable Trust, convertible preferred shares, 5.25% 20232		300		313
Total convertible stocks (cost: $323,000)				313

32 Capital World Bond Fund

Preferred securities 0.00%				Shares		Value (000)
U.S. dollars 0.00%
ACR III LSC Holdings LLC, Series B, preferred shares2,9,10,14					277	$	195
Total preferred securities (cost: $287,000)							195
Common stocks 0.07%
U.S. dollars 0.07%
New AMI I, LLC9,10,14					953,865		7,211
Chesapeake Energy Corp.					37,359		2,410
Diamond Offshore Drilling, Inc.14					189,402		805
Diamond Offshore Drilling, Inc.2,9,14					66,191		259
McDermott International, Ltd.14					30,503		13
Total common stocks (cost: $9,615,000)							10,698
Rights & warrants 0.00%
U.S. dollars 0.00%
Sable Permian Resources, LLC, Class A, warrants, expire 20249,10,14					2,668		—	11
Total rights & warrants (cost: $0)							—	11
Short-term securities 8.35%
Money market investments 7.11%
Capital Group Central Cash Fund 0.09%15,16					11,321,227		1,132,236
	Weighted average yield at acquisition			Principal amount (000)
Bills & notes of governments & government agencies outside the U.S. 1.24%
Egyptian Treasury 1/4/2022		12.032	%	EGP	352,400		22,425
Egyptian Treasury 1/18/2022		11.182			383,450		24,308
Egyptian Treasury 2/1/2022		11.103			167,550		10,580
Egyptian Treasury 2/22/2022		11.693			32,725		2,054
Egyptian Treasury 3/15/2022		11.428			373,000		23,244
Egyptian Treasury 4/19/2022		11.506			269,700		16,610
Egyptian Treasury 4/26/2022		11.464			1,307,625		80,349
Egyptian Treasury 5/3/2022		11.396			8,000		491
Greek Treasury 2/4/2022		(0.498	)	€	6,000		6,834
Greek Treasury 4/29/2022		(0.322	)		8,620		9,825
							196,720
Total short-term securities (cost: $1,328,678,000)							1,328,956
Total investment securities 100.79% (cost: $16,091,563,000)							16,048,452
Other assets less liabilities (0.79)%							(125,113	)
Net assets 100.00%						$	15,923,339

Futures contracts

								Value and
								unrealized
								(depreciation)
				Notional				appreciation
		Number of		amount				at 12/31/2021
Contracts	Type	contracts	Expiration	(000)				(000)
90 Day Euro Dollar Futures	Long	3,581	December 2022		$	885,895			$	(1,745	)
90 Day BAX Futures	Long	250	December 2022			48,540				(322	)
3 Month SONIA Futures	Long	262	March 2023			87,616				53
2 Year Euro-Schatz Futures	Long	451	March 2022			57,523				(101	)
2 Year U.S. Treasury Note Futures	Long	272	March 2022			59,343				(21	)
5 Year Euro-Bobl Futures	Long	110	March 2022			16,686				(130	)
5 Year U.S. Treasury Note Futures	Short	5,516	March 2022			(667,307	)			(2,291	)
10 Year Euro-Bund Futures	Short	1,099	March 2022			(214,420	)			3,999

Capital World Bond Fund 33

Futures contracts (continued)

Contracts	Type	Number of contracts	Expiration	Notional amount (000)			Value and unrealized (depreciation) appreciation at 12/31/2021 (000)
10 Year Italy Government Bond Futures	Short	2,092	March 2022		$(350,140	)		$	6,035
10 Year Japanese Government Bond Futures	Long	245	March 2022		322,868				(986	)
10 Year Canadian Government Bond Futures	Short	68	March 2022		(7,667	)			(230	)
10 Year U.S. Treasury Note Futures	Short	1,812	March 2022		(236,409	)			(2,511	)
10 Year Ultra U.S. Treasury Note Futures	Short	3,811	March 2022		(558,073	)			(8,086	)
10 Year U.K. Gilt Futures	Long	1,029	March 2022		173,961				(313	)
20 Year U.S. Treasury Bond Futures	Long	2,265	March 2022		363,391				3,196
30 Year Euro-Buxl Futures	Long	266	March 2022		62,609				(3,335	)
30 Year Ultra U.S. Treasury Bond Futures	Long	1,144	March 2022		225,511				4,373
								$	(2,415	)

Forward currency contracts

						Unrealized
						appreciation
Contract amount						(depreciation)
Currency purchased		Currency sold			Settlement	at 12/31/2021
(000)		(000)		Counterparty	date	(000)
GBP	30,760	USD	41,551	Citibank	1/6/2022		$	84
MXN	25,621	USD	1,210	BNP Paribas	1/6/2022			40
MXN	29,170	USD	1,387	Goldman Sachs	1/6/2022			36
GBP	90	USD	120	HSBC Bank	1/6/2022			2
EUR	32,680	DKK	243,030	Bank of America	1/6/2022			—	11
USD	4,655	EUR	4,113	Citibank	1/6/2022			(28	)
USD	1,846	GBP	1,386	JPMorgan Chase	1/6/2022			(30	)
CAD	43,772	USD	34,639	UBS AG	1/6/2022			(35	)
EUR	99,969	USD	113,867	Citibank	1/6/2022			(40	)
USD	687	MXN	15,132	Morgan Stanley	1/6/2022			(51	)
USD	49,279	AUD	67,830	BNP Paribas	1/6/2022			(71	)
JPY	1,457,720	USD	12,755	Morgan Stanley	1/6/2022			(82	)
JPY	4,657,600	USD	40,644	Goldman Sachs	1/6/2022			(152	)
USD	2,342	MXN	51,268	Goldman Sachs	1/6/2022			(160	)
JPY	2,003,870	USD	17,731	Bank of America	1/6/2022			(310	)
JPY	2,582,140	USD	22,759	UBS AG	1/6/2022			(311	)
AUD	100,090	USD	72,005	Citibank	1/7/2022			817
USD	18,309	COP	72,466,603	UBS AG	1/7/2022			501
USD	716	COP	2,822,080	Citibank	1/7/2022			22
IDR	33,861,000	USD	2,361	Citibank	1/7/2022			17
USD	219	CLP	183,579	UBS AG	1/7/2022			4
ZAR	6,540	USD	406	Morgan Stanley	1/7/2022			4
USD	4,042	EUR	3,550	JPMorgan Chase	1/7/2022			—	11
CLP	603,699	USD	709	JPMorgan Chase	1/7/2022			(1	)
CLP	477,660	USD	579	Standard Chartered Bank	1/7/2022			(19	)
JPY	1,206,570	EUR	9,418	JPMorgan Chase	1/7/2022			(234	)
KRW	83,813,000	USD	71,310	Citibank	1/7/2022			(846	)
JPY	33,003,385	USD	292,214	Citibank	1/7/2022			(5,289	)
GBP	33,107	USD	44,114	Goldman Sachs	1/10/2022			697
MXN	104,530	USD	4,851	Bank of America	1/10/2022			246
EUR	51,529	USD	58,469	JPMorgan Chase	1/10/2022			208
CNH	64,130	USD	10,045	UBS AG	1/10/2022			37
BRL	9,506	USD	1,672	Citibank	1/10/2022			31
USD	10,210	NZD	14,880	HSBC Bank	1/10/2022			20
BRL	6,150	USD	1,086	Standard Chartered Bank	1/10/2022			16
BRL	4,026	USD	720	JPMorgan Chase	1/10/2022			1
EUR	131	USD	149	JPMorgan Chase	1/10/2022			1
ZAR	11,265	USD	706	Morgan Stanley	1/10/2022			—	11
ZAR	27,425	USD	1,724	JPMorgan Chase	1/10/2022			(5	)
USD	1,206	ILS	3,800	Citibank	1/10/2022			(17	)
USD	1,168	MYR	4,940	Standard Chartered Bank	1/10/2022			(19	)

34 Capital World Bond Fund

Forward currency contracts (continued)

						Unrealized
						appreciation
Contract amount						(depreciation)
Currency purchased		Currency sold			Settlement	at 12/31/2021
(000)		(000)		Counterparty	date	(000)
USD	21,553	DKK	141,080	BNP Paribas	1/10/2022		$	(49	)
CAD	53,746	USD	42,619	Bank of America	1/10/2022			(130	)
USD	47,618	EUR	41,966	JPMorgan Chase	1/10/2022			(170	)
EUR	9,619	PLN	45,430	Citibank	1/10/2022			(315	)
USD	43,477	PEN	176,000	Citibank	1/10/2022			(599	)
USD	47,697	BRL	270,220	Standard Chartered Bank	1/10/2022			(712	)
USD	38,494	MXN	823,028	Goldman Sachs	1/10/2022			(1,635	)
USD	33,106	MXN	714,100	Goldman Sachs	1/10/2022			(1,712	)
EUR	173,666	USD	196,248	Morgan Stanley	1/11/2022			1,514
CZK	98,330	USD	4,360	HSBC Bank	1/11/2022			136
SEK	135,600	USD	14,947	Bank of America	1/11/2022			60
MXN	14,980	USD	699	Goldman Sachs	1/11/2022			31
ZAR	14,324	USD	893	Morgan Stanley	1/11/2022			4
EUR	19,090	DKK	141,980	Goldman Sachs	1/11/2022			(3	)
USD	4,467	CAD	5,716	HSBC Bank	1/11/2022			(52	)
USD	9,327	AUD	13,240	Standard Chartered Bank	1/11/2022			(306	)
USD	61,793	DKK	406,500	UBS AG	1/11/2022			(454	)
USD	60,924	EUR	53,914	Morgan Stanley	1/11/2022			(470	)
USD	52,248	CAD	66,860	HSBC Bank	1/11/2022			(607	)
USD	48,575	CAD	62,240	Citibank	1/11/2022			(628	)
USD	10,138	JPY	1,143,003	Bank of New York Mellon	1/12/2022			200
RUB	205,200	USD	2,714	Citibank	1/12/2022			16
CLP	295,364	USD	349	BNP Paribas	1/12/2022			(3	)
RUB	629,394	USD	8,509	Citibank	1/12/2022			(136	)
GBP	33,530	USD	44,809	HSBC Bank	1/13/2022			575
GBP	10,790	USD	14,260	Bank of New York Mellon	1/13/2022			344
CNH	444,004	USD	69,456	Standard Chartered Bank	1/13/2022			328
TRY	8,150	USD	579	BNP Paribas	1/13/2022			31
USD	155	ILS	480	Goldman Sachs	1/13/2022			—	11
USD	2,321	SEK	21,030	Morgan Stanley	1/13/2022			(6	)
USD	3,113	UAH	85,740	Citibank	1/13/2022			(13	)
EUR	153,019	DKK	1,138,280	Goldman Sachs	1/13/2022			(51	)
JPY	959,240	USD	8,457	Bank of New York Mellon	1/13/2022			(117	)
USD	16,484	EUR	14,584	Morgan Stanley	1/13/2022			(124	)
USD	99,873	CNH	638,440	Standard Chartered Bank	1/13/2022			(472	)
EUR	48,124	CZK	1,226,690	Citibank	1/13/2022			(1,270	)
JPY	20,383,390	USD	179,715	Bank of New York Mellon	1/13/2022			(2,497	)
USD	93,677	MXN	1,979,749	Citibank	1/13/2022			(2,800	)
USD	6,071	KRW	7,188,160	Citibank	1/14/2022			29
USD	577	BRL	3,245	Citibank	1/14/2022			(4	)
COP	1,790,600	USD	452	BNP Paribas	1/14/2022			(12	)
KRW	184,778,234	USD	156,274	Citibank	1/14/2022			(956	)
USD	274	COP	1,070,011	Morgan Stanley	1/18/2022			11
MXN	5,731	USD	269	BNP Paribas	1/18/2022			10
BRL	1,348	USD	236	JPMorgan Chase	1/18/2022			5
PEN	934	USD	230	Morgan Stanley	1/18/2022			4
CLP	265,664	USD	315	Morgan Stanley	1/18/2022			(4	)
JPY	999,200	USD	8,777	Goldman Sachs	1/18/2022			(90	)
JPY	4,965,710	USD	43,692	Bank of New York Mellon	1/18/2022			(517	)
JPY	4,673,800	USD	41,193	UBS AG	1/18/2022			(556	)
JPY	7,742,600	USD	69,337	Goldman Sachs	1/18/2022			(2,018	)
MYR	101,495	USD	24,206	HSBC Bank	1/19/2022			179
USD	599	IDR	8,500,000	Bank of New York Mellon	1/19/2022			2
USD	82,654	MYR	348,690	HSBC Bank	1/19/2022			(1,122	)
USD	105,075	JPY	11,964,400	Morgan Stanley	1/20/2022			1,047
EUR	111,862	USD	126,595	Morgan Stanley	1/20/2022			812
CAD	25,143	USD	19,488	HSBC Bank	1/20/2022			388
GBP	7,088	USD	9,455	UBS AG	1/20/2022			139
USD	43,325	JPY	4,972,100	Goldman Sachs	1/20/2022			94
CHF	5,200	USD	5,653	Bank of America	1/20/2022			57
ZAR	23,960	USD	1,489	Goldman Sachs	1/20/2022			10
AUD	35	JPY	2,870	Standard Chartered Bank	1/20/2022			1

Capital World Bond Fund 35

Forward currency contracts (continued)

						Unrealized
						appreciation
Contract amount						(depreciation)
Currency purchased		Currency sold			Settlement	at 12/31/2021
(000)		(000)		Counterparty	date	(000)
MXN	1,025	USD	49	JPMorgan Chase	1/20/2022		$	1
USD	706	ZAR	11,271	JPMorgan Chase	1/20/2022			1
USD	599	MYR	2,500	HSBC Bank	1/20/2022			(2	)
JPY	20,604	EUR	160	Morgan Stanley	1/20/2022			(3	)
USD	1,700	CAD	2,193	HSBC Bank	1/20/2022			(34	)
NOK	197,940	EUR	19,778	UBS AG	1/20/2022			(59	)
JPY	846,900	USD	7,432	UBS AG	1/20/2022			(68	)
JPY	1,343,300	USD	11,750	Bank of America	1/20/2022			(70	)
USD	31,901	CNH	203,950	Citibank	1/20/2022			(136	)
USD	15,628	AUD	21,725	Standard Chartered Bank	1/20/2022			(179	)
USD	27,648	GBP	20,727	UBS AG	1/20/2022			(406	)
EUR	25,952	NOK	264,370	Morgan Stanley	1/20/2022			(450	)
JPY	8,411,000	USD	73,903	Bank of New York Mellon	1/20/2022			(771	)
USD	171,522	EUR	151,561	Morgan Stanley	1/20/2022			(1,100	)
JPY	14,432,400	USD	127,292	HSBC Bank	1/20/2022			(1,806	)
JPY	23,203,180	USD	204,450	Morgan Stanley	1/20/2022			(2,704	)
KRW	10,239,290	USD	8,621	Citibank	1/21/2022			(16	)
USD	3,006	INR	229,240	Goldman Sachs	1/21/2022			(64	)
PEN	68,880	USD	16,944	UBS AG	1/24/2022			294
BRL	9,580	USD	1,664	JPMorgan Chase	1/24/2022			46
USD	362	COP	1,457,846	Morgan Stanley	1/24/2022			5
USD	237	BRL	1,362	JPMorgan Chase	1/24/2022			(7	)
USD	11,780	IDR	170,395,000	Standard Chartered Bank	2/4/2022			(184	)
CNH	64,940	USD	10,075	UBS AG	2/7/2022			113
USD	1,386	MYR	5,780	Standard Chartered Bank	2/7/2022			(2	)
USD	21,985	COP	86,269,400	Goldman Sachs	2/14/2022			877
JPY	5,064,350	USD	44,915	Morgan Stanley	2/14/2022			(873	)
EUR	5,000	USD	5,645	Standard Chartered Bank	3/16/2022			56
SEK	49,953	USD	5,500	Citibank	3/16/2022			32
USD	1,764	JPY	200,000	Standard Chartered Bank	3/16/2022			24
USD	2,500	CAD	3,170	Bank of America	3/16/2022			(6	)
USD	4,739	NZD	7,000	JPMorgan Chase	3/16/2022			(49	)
USD	2,000	NOK	18,121	Citibank	3/16/2022			(55	)
EUR	5,000	NOK	51,149	Citibank	3/16/2022			(99	)
USD	83,155	BRL	440,000	Citibank	6/15/2022			7,704
USD	1,397	BRL	7,500	Goldman Sachs	6/15/2022			111
BRL	447,500	USD	80,692	JPMorgan Chase	6/15/2022			(3,954	)
USD	86,713	BRL	480,000	Citibank	7/1/2022			4,803
USD	44,853	BRL	250,000	JPMorgan Chase	7/1/2022			2,191
BRL	730,000	USD	126,341	JPMorgan Chase	7/1/2022			(1,770	)
USD	80,370	BRL	451,300	JPMorgan Chase	8/10/2022			4,284
USD	43,121	BRL	240,700	Citibank	8/10/2022			2,541
BRL	692,000	USD	118,656	JPMorgan Chase	8/10/2022			(1,990	)
PLN	12,500	USD	3,069	BNP Paribas	11/9/2022			(58	)
							$	(13,331	)

Swap contracts

Interest rate swaps

Centrally cleared interest rate swaps

										Upfront			Unrealized
										premium			(depreciation)
Receive		Pay					Value at			paid			appreciation
	Payment		Payment	Expiration	Notional		12/31/2021			(received)			at 12/31/2021
Rate	frequency	Rate	frequency	date	(000)		(000)			(000)			(000)
0.11108502%	Annual	SONIA	Annual	4/9/2023	£	20,140	$	(256	)		$	5		$	(261	)
1.3467%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	8/18/2023	NZ$	25,000		(184	)			—			(184	)
1.2475%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	8/20/2023	32,742			(280	)			—			(280	)
1.234974%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	8/20/2023	279,022			(2,422	)			—			(2,422	)

36 Capital World Bond Fund

Swap contracts (continued)

Interest rate swaps (continued)

Centrally cleared interest rate swaps (continued)

										Upfront			Unrealized
										premium			(depreciation)
Receive		Pay					Value at			paid			appreciation
	Payment		Payment	Expiration	Notional		12/31/2021			(received)			at 12/31/2021
Rate	frequency	Rate	frequency	date	(000)		(000)			(000)			(000)
1.2375%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	8/26/2023	NZ$	108,068	$	(943	)		$	—		$	(943	)
1.264%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	8/27/2023	270,134			(2,275	)			—			(2,275	)
1.26%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	8/30/2023	44,558			(379	)			—			(379	)
1.28%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	8/31/2023	44,558			(370	)			—			(370	)
1.30%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	9/3/2023	48,917			(404	)			—			(404	)
3-month USD-LIBOR	Quarterly	0.3302%	Semi-annual	9/21/2023	$	56,757		479				—			479
1.4975%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	9/21/2023	NZ$	90,549		(585	)			—			(585	)
3-month USD-LIBOR	Quarterly	0.3792%	Semi-annual	9/28/2023	$	61,547		482				—			482
1.445%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	9/28/2023	NZ$	90,448		(657	)			—			(657	)
3-month USD-LIBOR	Quarterly	0.3842%	Semi-annual	9/29/2023	$	61,547		478				—			478
1.4475%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	9/29/2023	NZ$	89,953		(653	)			—			(653	)
3-month USD-LIBOR	Quarterly	0.3975%	Semi-annual	9/30/2023	$	62,494		471				—			471
1.4475%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	9/30/2023	NZ$	90,327		(656	)			—			(656	)
3-month USD-LIBOR	Quarterly	0.4557%	Semi-annual	10/14/2023	$	61,547		428				—			428
3-month USD-LIBOR	Quarterly	0.4562%	Semi-annual	10/14/2023	61,547			427				—			427
1.5125%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	10/14/2023	NZ$	79,737		(543	)			—			(543	)
1.53%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	10/14/2023	90,950			(600	)			—			(600	)
3-month USD-LIBOR	Quarterly	0.4692%	Semi-annual	10/15/2023	$	61,547		413				—			413
1.5625%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	10/15/2023	NZ$	90,850		(564	)			—			(564	)
3-month USD-LIBOR	Quarterly	0.4917%	Semi-annual	10/18/2023	$	61,646		392				—			392
1.59%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	10/18/2023	NZ$	90,850		(536	)			—			(536	)
3-month USD-LIBOR	Quarterly	0.4997%	Semi-annual	10/19/2023	$	78,940		492				—			492
1.62%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	10/19/2023	NZ$	100,996		(563	)			—			(563	)
2.26%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	11/2/2023	3,733			8				—			8
2.215%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	11/3/2023	7,459			11				—			11
2.2525%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	11/8/2023	129,491			249				—			249
2.24%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	11/8/2023	129,491			229				—			229
2.20%	Semi-annual	3-month NZD-BBR-FRA	Quarterly	11/9/2023	10,894			14				—			14
0.3653%	Semi-annual	3-month USD-LIBOR	Quarterly	3/5/2024	$	99,290		(1,304	)			—			(1,304	)
3-month SEK-STIBOR	At maturity	0.1877%	At maturity	2/6/2025	SKr	250,000		288				—			288
U.S. EFFR	Annual	0.10875%	Annual	7/6/2025	$	52,600		1,660				—			1,660
U.S. EFFR	Annual	0.0995%	Annual	7/9/2025	26,300			840				—			840
U.S. EFFR	Annual	0.105%	Annual	7/9/2025	26,300			835				—			835
U.S. EFFR	Annual	0.099%	Annual	7/10/2025	64,500			2,064				—			2,064
4.67%	28-Day	28-day MXN-TIIE	28-Day	12/16/2025	MXN	24,000		(113	)			—			(113	)
3-month SEK-STIBOR	Quarterly	0.175%	Annual	2/9/2026	SKr	349,200		692				—			692
3-month SEK-STIBOR	Quarterly	0.179%	Annual	2/9/2026	174,500			343				—			343
3-month SEK-STIBOR	Quarterly	0.185%	Annual	2/11/2026	175,100			340				—			340
3-month SEK-STIBOR	Quarterly	0.189%	Annual	2/11/2026	175,100			337				—			337
5.75%	28-Day	28-day MXN-TIIE	28-Day	4/2/2026	MXN	22,300		(67	)			—			(67	)
SONIA	Annual	0.4234505%	Annual	4/9/2026	£2,190			80				3			77
6.21%	28-Day	28-day MXN-TIIE	28-Day	5/21/2026	MXN	605,500		(1,359	)			—			(1,359	)
6.255%	28-Day	28-day MXN-TIIE	28-Day	5/22/2026	400,800			(867	)			—			(867	)
6.21%	28-Day	28-day MXN-TIIE	28-Day	5/22/2026	400,800			(900	)			—			(900	)
6.19%	28-Day	28-day MXN-TIIE	28-Day	5/22/2026	405,100			(925	)			—			(925	)
6.15%	28-Day	28-day MXN-TIIE	28-Day	5/25/2026	400,700			(945	)			—			(945	)
6.14%	28-Day	28-day MXN-TIIE	28-Day	6/8/2026	222,400			(534	)			—			(534	)
6.115%	28-Day	28-day MXN-TIIE	28-Day	6/8/2026	222,400			(544	)			—			(544	)
6.12%	28-Day	28-day MXN-TIIE	28-Day	6/8/2026	336,100			(819	)			—			(819	)
6.13%	28-Day	28-day MXN-TIIE	28-Day	6/8/2026	780,900			(1,889	)			—			(1,889	)
6.16%	28-Day	28-day MXN-TIIE	28-Day	6/9/2026	444,800			(1,052	)			—			(1,052	)
6.15%	28-Day	28-day MXN-TIIE	28-Day	6/9/2026	444,700			(1,060	)			—			(1,060	)
6.23%	28-Day	28-day MXN-TIIE	28-Day	6/10/2026	227,300			(508	)			—			(508	)
6.195%	28-Day	28-day MXN-TIIE	28-Day	6/10/2026	227,200			(523	)			—			(523	)
6.36%	28-Day	28-day MXN-TIIE	28-Day	6/12/2026	197,300			(393	)			—			(393	)
6.5375%	28-Day	28-day MXN-TIIE	28-Day	6/17/2026	108,000			(179	)			—			(179	)
6.50%	28-Day	28-day MXN-TIIE	28-Day	6/17/2026	104,100			(180	)			—			(180	)
6.47%	28-Day	28-day MXN-TIIE	28-Day	6/17/2026	106,400			(190	)			—			(190	)
6.55%	28-Day	28-day MXN-TIIE	28-Day	6/17/2026	324,000			(531	)			—			(531	)

Capital World Bond Fund 37

Swap contracts (continued)

Interest rate swaps (continued)

Centrally cleared interest rate swaps (continued)

										Upfront				Unrealized
										premium				(depreciation)
Receive		Pay					Value at			paid				appreciation
	Payment		Payment	Expiration	Notional		12/31/2021			(received)				at 12/31/2021
Rate	frequency	Rate	frequency	date	(000)		(000)			(000)				(000)
6.55%	28-Day	28-day MXN-TIIE	28-Day	6/18/2026	MXN	105,200	$	(172	)		$	—			$	(172	)
6.50%	28-Day	28-day MXN-TIIE	28-Day	6/18/2026	208,200			(361	)			—				(361	)
6.59%	28-Day	28-day MXN-TIIE	28-Day	6/25/2026	284,300			(445	)			—				(445	)
6.585%	28-Day	28-day MXN-TIIE	28-Day	6/25/2026	373,600			(588	)			—				(588	)
6.64%	28-Day	28-day MXN-TIIE	28-Day	6/25/2026	459,600			(676	)			—				(676	)
6.58%	28-Day	28-day MXN-TIIE	28-Day	6/25/2026	1,095,600			(1,735	)			—				(1,735	)
6.6175%	28-Day	28-day MXN-TIIE	28-Day	6/25/2026	1,218,200			(1,843	)			—				(1,843	)
6.633%	28-Day	28-day MXN-TIIE	28-Day	6/25/2026	1,267,300			(1,880	)			—				(1,880	)
6.63%	28-Day	28-day MXN-TIIE	28-Day	6/26/2026	509,100			(758	)			—				(758	)
6.605%	28-Day	28-day MXN-TIIE	28-Day	7/6/2026	865,950			(1,345	)			—				(1,345	)
7.28%	28-Day	28-day MXN-TIIE	28-Day	9/30/2026	11,600			(3	)			—				(3	)
7.24%	28-Day	28-day MXN-TIIE	28-Day	10/2/2026	11,700			(4	)			—				(4	)
7.235%	28-Day	28-day MXN-TIIE	28-Day	10/5/2026	87,000			(32	)			—				(32	)
7.22%	28-Day	28-day MXN-TIIE	28-Day	10/5/2026	87,000			(35	)			—				(35	)
7.20%	28-Day	28-day MXN-TIIE	28-Day	10/5/2026	173,940			(77	)			—				(77	)
7.205%	28-Day	28-day MXN-TIIE	28-Day	10/7/2026	192,160			(82	)			—				(82	)
0.8738%	Annual	SONIA	Annual	10/8/2026	£	6,000		(69	)			—				(69	)
7.66%	28-Day	28-day MXN-TIIE	28-Day	10/29/2026	MXN	535,800		256				—				256
7.64%	28-Day	28-day MXN-TIIE	28-Day	10/29/2026	535,900			234				—				234
7.62%	28-Day	28-day MXN-TIIE	28-Day	10/29/2026	328,248			130				—				130
7.59%	28-Day	28-day MXN-TIIE	28-Day	10/29/2026	218,800			74				—				74
7.52%	28-Day	28-day MXN-TIIE	28-Day	10/30/2026	676,682			133				—				133
(0.0787)%	Annual	6-month EURIBOR	Semi-annual	11/26/2026	€	26,300		(138	)			—				(138	)
0.57520783%	Annual	SONIA	Annual	4/9/2028	£	17,370		(616	)			(30	)			(586	)
3-month USD-LIBOR	Quarterly	1.4822%	Semi-annual	3/5/2031	$	36,290		170				—				170
SONIA	Annual	0.70119%	Annual	4/21/2031	£	4,190		127				6				121
0.9221376%	Annual	SONIA	Annual	4/9/2041	11,750			91				(103	)			194
6-month EURIBOR	Semi-annual	0.39402342%	Annual	2/24/2051	€	2,390		67				(8	)			75
0.86006881%	Annual	SONIA	Annual	4/21/2051	£760			6				(4	)			10
SONIA	Annual	0.8601%	Annual	4/21/2051	550			(5	)			3				(8	)
SONIA	Annual	0.945094%	Annual	9/30/2051	310			(12	)			7				(19	)
SONIA	Annual	1.1228%	Annual	10/8/2051	1,700			(173	)			—				(173	)
6-month EURIBOR	Semi-annual	0.4532%	Annual	1/3/2052	€	2,300		17				—				17
											$	(121	)		$	(25,323	)

Credit default swaps

Centrally cleared credit default swaps on credit indices — buy protection

								Upfront				Unrealized
								premium				appreciation
					Value at			paid				(depreciation)
Reference	Financing	Payment	Expiration	Notional	12/31/2021			(received)				at 12/31/2021
index	rate paid	frequency	date	(000)	(000)			(000)				(000)
CDX.EM.36	1.00%	Quarterly	12/20/2026	$     5,400		$       217			$	188			$	29
ITRAX.EUR.IG.36	1.00%	Quarterly	12/20/2026	114,443		(3,380	)			(3,261	)			(119	)
CDX.NA.HY.37	5.00%	Quarterly	12/20/2026	230,482		(21,067	)			(20,361	)			(706	)
CDX.NA.IG.37	1.00%	Quarterly	12/20/2031	2,000		(19	)			(16	)			(3	)
									$	(23,450	)		$	(799	)

Centrally cleared credit default swaps on credit indices — sell protection

Upfront

Unrealized

Value at

premium

appreciation

Financing

Payment

Reference

Expiration

Notional

12/31/2021

paid

at 12/31/2021

rate received

frequency

index

date

(000)

(000)

(000)

(000)

1.00%

Quarterly

CDX.NA.IG.37

12/20/2026

$120,010

$   2,916

$

2,865

$

51

38 Capital World Bond Fund

Investments in affiliates¹⁶

	Value of						Net			Net		Value of
	affiliate at						realized			unrealized		affiliate at		Dividend
	1/1/2021		Additions		Reductions		loss			appreciation		12/31/2021		income
	(000)		(000)		(000)		(000)			(000)		(000)		(000)
Short-term securities 7.11%
Money market investments 7.11%
Capital Group Central Cash Fund 0.09%15		$1,107,321		$4,596,410		$4,571,479		$(88	)		$72		$1,132,236		$841

1	Step bond; coupon rate may change at a later date.
2	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 $1,167,688,000, which represented 7.33% of the net assets of the fund.
3	Index-linked bond whose principal amount moves with a government price index.
4	Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
5	Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $15,051,000, which represented .09% of the net assets of the fund.
6	Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available.
7	Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available.
8	Scheduled interest and/or principal payment was not received.
9	Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $8,237,000, which represented .05% of the net assets of the fund.
10	Value determined using significant unobservable inputs.
11	Amount less than one thousand.
12	All or a portion of this security was pledged as collateral. The total value of pledged collateral was $95,404,000, which represented .60% of the net assets of the fund.
13	Purchased on a TBA basis.
14	Security did not produce income during the last 12 months.
15	Rate represents the seven-day yield at 12/31/2021.
16	Part of the same “group of investment companies” as the fund as defined under the Investment Company Act of 1940, as amended.

Key to abbreviations and symbols

AUD/A$ = Australian dollars

BA = Banker’s acceptances

BBR = Bank Base Rate

BRL = Brazilian reais

CAD/C$ = Canadian dollars

CHF = Swiss francs

CLP = Chilean pesos

CNH/CNY = Chinese yuan renminbi

COP = Colombian pesos

CZK = Czech korunas

DAC = Designated Activity Company

DKK/DKr = Danish kroner

EFFR = Effective Federal Funds Rate

EGP = Egyptian pounds

EUR/€ = Euros

EURIBOR = Euro Interbank Offered Rate

FRA = Forward Rate Agreement

GBP/£ = British pounds

GHS = Ghanaian cedi

HUF = Hungarian forints

ICE = Intercontinental Exchange, Inc.

IDR = Indonesian rupiah

ILS = Israeli shekels

INR = Indian rupees

JPY/¥ = Japanese yen

KRW = South Korean won

LIBOR = London Interbank Offered Rate

MXN = Mexican pesos

MYR = Malaysian ringgits

NOK/NKr = Norwegian kroner

NZD/NZ$ = New Zealand dollars

PEN = Peruvian nuevos soles

PLN = Polish zloty

Ref. = Refunding

Rev. = Revenue

RON = Romanian leu

RUB = Russian rubles

SEK/SKr = Swedish kronor

SOFR = Secured Overnight Financing Rate

SONIA = Sterling Overnight Interbank Average Rate

STIBOR = Stockholm Interbank Offered Rate

TBA = To-be-announced

THB = Thai baht

TIIE = Equilibrium Interbank Interest Rate

TRY = Turkish lira

UAH = Ukrainian hryvnia

USD/$ = U.S. dollars

ZAR = South African rand

See notes to financial statements.

Capital World Bond Fund 39

Financial statements

Statement of assets and liabilities
at December 31, 2021	(dollars in thousands)

Assets:
Investment securities, at value:
Unaffiliated issuers (cost: $14,959,442)	$	14,916,216
Affiliated issuers (cost: $1,132,121)		1,132,236	$	16,048,452
Cash				1,037
Cash denominated in currencies other than U.S. dollars (cost: $20,708)				20,861
Unrealized appreciation on open forward currency contracts				31,894
Receivables for:
Sales of investments		286,881
Sales of fund’s shares		23,244
Dividends and interest		113,254
Variation margin on futures contracts		4,394
Variation margin on centrally cleared swap contracts		1,141		428,914
				16,531,158
Liabilities:
Unrealized depreciation on open forward currency contracts				45,225
Unrealized depreciation on unfunded commitments				1
Payables for:
Purchases of investments		540,674
Repurchases of fund’s shares		8,049
Investment advisory services		5,757
Services provided by related parties		2,358
Trustees’ deferred compensation		256
Variation margin on futures contracts		2,197
Variation margin on centrally cleared swap contracts		2,092
Other		1,210		562,593
Net assets at December 31, 2021			$	15,923,339
Net assets consist of:
Capital paid in on shares of beneficial interest			$	16,070,594
Total accumulated loss				(147,255	)
Net assets at December 31, 2021			$	15,923,339

See notes to financial statements.

40 Capital World Bond Fund

Financial statements (continued)

Statement of assets and liabilities
at December 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 (799,811 total shares outstanding)

	Net assets		Shares outstanding			Net asset value per share
Class A	$	5,586,395		280,484		$	19.92
Class C		87,236		4,459			19.57
Class T		10		—	*		19.90
Class F-1		141,428		7,118			19.87
Class F-2		1,273,908		64,071			19.88
Class F-3		1,307,443		65,699			19.90
Class 529-A		296,595		14,845			19.98
Class 529-C		12,043		610			19.75
Class 529-E		11,861		598			19.84
Class 529-T		12		1			19.90
Class 529-F-1		10		1			19.82
Class 529-F-2		42,509		2,134			19.91
Class 529-F-3		10		—	*		19.90
Class R-1		6,441		327			19.70
Class R-2		93,908		4,772			19.68
Class R-2E		7,271		366			19.86
Class R-3		127,507		6,412			19.88
Class R-4		91,787		4,612			19.90
Class R-5E		25,378		1,276			19.88
Class R-5		54,466		2,733			19.93
Class R-6		6,757,121		339,293			19.92

* Amount less than one thousand.

See notes to financial statements.

Capital World Bond Fund 41

Financial statements (continued)

Statement of operations
for the year ended December 31, 2021	(dollars in thousands)

Investment income:
Income:
Interest (net of non-U.S. taxes of $1,789)	$	375,026
Dividends (includes $841 from affiliates)		1,001		$	376,027
Fees and expenses*:
Investment advisory services		66,423
Distribution services		19,700
Transfer agent services		13,820
Administrative services		4,652
Reports to shareholders		590
Registration statement and prospectus		492
Trustees’ compensation		92
Auditing and legal		333
Custodian		1,149
Other		332
Total fees and expenses before reimbursement		107,583
Less reimbursement of fees and expenses:
Transfer agent services reimbursement		—	†
Total fees and expenses after reimbursement					107,583
Net investment income					268,444
Net realized gain and unrealized depreciation:
Net realized gain (loss) on:
Investments (net of non-U.S. taxes of $602):
Unaffiliated issuers		231,903
Affiliated issuers		(88	)
Futures contracts		8,535
Forward currency contracts		(166,127	)
Swap contracts		3,312
Currency transactions		(97	)		77,438
Net unrealized (depreciation) appreciation on:
Investments:
Unaffiliated issuers		(1,066,384	)
Affiliated issuers		72
Futures contracts		(5,488	)
Forward currency contracts		(16,511	)
Swap contracts		(29,133	)
Currency translations		(3,286	)		(1,120,730	)
Net realized gain and unrealized depreciation					(1,043,292	)
Net decrease in net assets resulting from operations				$	(774,848	)

*	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.

42 Capital World Bond Fund

Financial statements (continued)

Statements of changes in net assets
	(dollars in thousands)

	Year ended December 31,
	2021			2020
Operations:
Net investment income	$	268,444		$	253,736
Net realized gain		77,438			333,206
Net unrealized (depreciation) appreciation		(1,120,730	)		699,589
Net (decrease) increase in net assets resulting from operations		(774,848	)		1,286,531
Distributions paid to shareholders		(434,469	)		(486,189	)
Net capital share transactions		2,308,912			(322,747	)
Total increase in net assets		1,099,595			477,595
Net assets:
Beginning of year		14,823,744			14,346,149
End of year	$	15,923,339		$	14,823,744

See notes to financial statements.

Capital World Bond Fund 43

Notes to financial statements

1. Organization

Capital World Bond Fund (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end, diversified management investment company. The fund seeks to provide, over the long term, a high level of total return consistent with prudent investment management. Total return comprises the income generated by the fund and the changes in the market value of the fund’s investments.

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 3.75% for Class A; up to 3.50% for Class 529-A	None (except 1.00% for certain redemptions within 18 months of purchase without an initial sales charge)	None
Classes C and 529-C	None	1.00% 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 years
Class 529-E	None	None	None
Classes T and 529-T*	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

* 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.

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

44 Capital World Bond Fund

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.

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
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
Municipal securities	Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts

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. Exchange-traded futures are generally valued at the official settlement price of the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. Forward currency contracts are valued based on the spot and forward exchange rates obtained from one or more pricing vendors. Interest rate swaps and credit default swaps are generally valued by pricing vendors based on market inputs that include the index and term of index, reset frequency, payer/receiver, currency and pay frequency.

Capital World Bond Fund 45

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 facilitated by the investment adviser’s global risk management 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 tables on the following page present the fund’s valuation levels as of December 31, 2021 (dollars in thousands):

46 Capital World Bond Fund

	Investment securities
	Level 1		Level 2		Level 3			Total
Assets:
Bonds, notes & other debt instruments:
Euros	$	—	$	2,496,608	$	—		$	2,496,608
Chinese yuan renminbi		—		1,456,189		—			1,456,189
Japanese yen		—		1,082,018		—			1,082,018
British pounds		—		688,751		—			688,751
Danish kroner		—		395,510		—			395,510
Canadian dollars		—		382,585		—			382,585
Mexican pesos		—		290,402		—			290,402
Russian rubles		—		222,919		—			222,919
Malaysian ringgits		—		222,629		—			222,629
Australian dollars		—		174,257		—			174,257
Colombian pesos		—		115,284		—			115,284
Indonesian rupiah		—		111,043		—			111,043
Czech korunas		—		72,863		—			72,863
Polish zloty		—		65,198		—			65,198
Brazilian reais		—		61,741		—			61,741
Indian rupees		—		57,576		—			57,576
South Korean won		—		54,659		—			54,659
Norwegian kroner		—		39,392		—			39,392
Peruvian nuevos soles		—		38,634		—			38,634
Chilean pesos		—		36,389		—			36,389
Ukrainian hryvnia		—		31,026		—			31,026
South African rand		—		18,752		—			18,752
Thai baht		—		9,104		—			9,104
Hungarian forints		—		7,101		—			7,101
Romanian leu		—		4,324		—			4,324
Israeli shekels		—		3,165		—			3,165
Egyptian pounds		—		2,945		—			2,945
New Zealand dollars		—		892		—			892
Turkish lira		—		775		—			775
Ghanaian cedi		—		336		—			336
U.S. dollars		—		6,562,329		572			6,562,901
Convertible bonds & notes		—		2,322		—			2,322
Convertible stocks		—		313		—			313
Preferred securities		—		—		195			195
Common stocks		2,423		1,064		7,211			10,698
Rights & warrants		—		—		—	*		—	*
Short-term securities		1,132,236		196,720		—			1,328,956
Total	$	1,134,659	$	14,905,815	$	7,978		$	16,048,452

	Other investments†
	Level 1			Level 2			Level 3		Total
Assets:
Unrealized appreciation on futures contracts	$	17,656		$	—		$	—	$	17,656
Unrealized appreciation on open forward currency contracts		—			31,894			—		31,894
Unrealized appreciation on centrally cleared interest rate swaps		—			13,463			—		13,463
Unrealized appreciation on credit default swaps		—			80			—		80
Liabilities:
Unrealized depreciation on futures contracts		(20,071	)		—			—		(20,071	)
Unrealized depreciation on open forward currency contracts		—			(45,225	)		—		(45,225	)
Unrealized depreciation on centrally cleared interest rate swaps		—			(38,786	)		—		(38,786	)
Unrealized depreciation on credit default swaps		—			(828	)		—		(828	)
Total	$	(2,415	)	$	(39,402	)	$	—	$	(41,817	)

*	Amount less than one thousand.
†	Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund’s investment portfolio.

Capital World Bond Fund 47

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 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 debt instruments — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit ratings of these securities.

Rising interest rates will generally cause the prices of bonds and other debt securities to fall. A general rise in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund failing to recoup the full amount of its initial investment and having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.

Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. A downgrade or default affecting any of the fund’s securities could cause the value of the fund’s shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund’s investment adviser relies on its own credit analysts to research issuers and issues in seeking to assess credit and default risks.

Liquidity risk — Certain fund holdings may be or may become difficult or impossible to sell, particularly during times of market turmoil. Liquidity may be impacted by the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile, and reduced liquidity may have an adverse impact on the market price of such holdings. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and the fund may be unable to sell such holdings when necessary to meet its liquidity needs or may be forced to sell at a loss.

Investing in lower rated debt instruments — Lower rated bonds and other lower rated debt securities generally have higher rates of interest and involve greater risk of default or price declines due to changes in the issuer’s creditworthiness than those of higher quality debt securities. The market prices of these securities may fluctuate more than the prices of higher quality debt securities and may decline significantly in periods of general economic difficulty. These risks may be increased with respect to investments in junk bonds.

Currency — The prices of, and the income generated by, many debt securities held by the fund may also be affected by changes in relative currency values. If the U.S. dollar appreciates against foreign currencies, the value in U.S. dollars of the fund’s securities denominated in such currencies would generally fall and vice versa.

48 Capital World Bond Fund

Investing in derivatives — The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds. Changes in the value of a derivative may not correlate perfectly with, and may be more sensitive to market events than, the underlying asset, rate or index, and a derivative instrument may expose the fund to losses in excess of its initial investment. Derivatives may be difficult to value, difficult for the fund to buy or sell at an opportune time or price and difficult, or even impossible, to terminate or otherwise offset. The fund’s use of derivatives may result in losses to the fund, and investing in derivatives may reduce the fund’s returns and increase the fund’s price volatility. The fund’s counterparty to a derivative transaction (including, if applicable, the fund’s clearing broker, the derivatives exchange or the clearinghouse) may be unable or unwilling to honor its financial obligations in respect of the transaction. In certain cases, the fund may be hindered or delayed in exercising remedies against or closing out derivative instruments with a counterparty, which may result in additional losses.

Investing in inflation-linked bonds — The values of inflation-linked bonds generally fluctuate in response to changes in real interest rates — i.e., rates of interest after factoring in inflation. A rise in real interest rates may cause the prices of inflation-linked securities to fall, while a decline in real interest rates may cause the prices to increase. Inflation-linked bonds may experience greater losses than other debt securities with similar durations when real interest rates rise faster than nominal interest rates. There can be no assurance that the value of an inflation-linked security will be directly correlated to changes in interest rates; for example, if interest rates rise for reasons other than inflation, the increase may not be reflected in the security’s inflation measure.

Investing in inflation-linked bonds may also reduce the fund’s distributable income during periods of deflation. If prices for goods and services decline throughout the economy, the principal and income on inflation-linked securities may decline and result in losses to the fund.

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, may have limited access to capital and 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.

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.

Capital World Bond Fund 49

5. Certain investment techniques

Index-linked bonds — The fund has invested in index-linked bonds, which are fixed-income securities whose principal value is periodically adjusted to a government price index. Over the life of an index-linked bond, interest is paid on the adjusted principal value. Increases or decreases in the principal value of index-linked bonds are recorded as interest income in the fund’s statement of operations.

Mortgage dollar rolls — The fund has entered into mortgage dollar roll transactions in which the fund sells a mortgage-backed security to a counterparty and simultaneously enters into an agreement with the same counterparty to buy back a similar security on a specific future date at a predetermined price. Mortgage dollar rolls are accounted for as purchase and sale transactions. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the fund’s financial highlights table.

Loan transactions — The fund has entered into loan transactions in which the fund acquires a loan either through an agent, by assignment from another holder, or as a participation interest in another holder’s portion of a loan. The loan is often administered by a financial institution that acts as agent for the holders of the loan, and the fund may be required to receive approval from the agent and/or borrower prior to the sale of the investment. The loan’s interest rate and maturity date may change based on the terms of the loan, including potential early payments of principal.

Unfunded commitments — The fund has participated in transactions that involve unfunded commitments, which may obligate the fund to purchase new or additional bonds if certain contingencies are met. As of December 31, 2021, the fund’s maximum exposure of unfunded bond commitments was $446,000, which would represent less than .01% of the net assets of the fund should such commitments become due. Unrealized depreciation of $1,000 is disclosed as unrealized depreciation on unfunded commitments in the fund’s statement of assets and liabilities and is included in net unrealized depreciation on investments in unaffiliated issuers in the fund’s statement of operations.

Futures contracts — The fund has entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund’s interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio.

Upon entering into futures contracts, and to maintain the fund’s open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant (“FCM”), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.

On a daily basis, the fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in the statement of assets and liabilities. In addition, the fund segregates liquid assets equivalent to the fund’s outstanding obligations under the contract in excess of the initial margin and variation margin, if any. Futures contracts may involve a risk of loss in excess of the variation margin shown on the fund’s statement of assets and liabilities. The fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in the fund’s statement of operations. The average month-end notional amount of futures contracts while held was $5,957,848,000.

Forward currency contracts — The fund has entered into forward currency contracts, which represent agreements to exchange currencies on specific future dates at predetermined rates. The fund’s investment adviser uses forward currency contracts to manage the fund’s exposure to changes in exchange rates. Upon entering into these contracts, risks may arise from the potential inability of counterparties to meet the terms of their contracts and from possible movements in exchange rates.

On a daily basis, the fund’s investment adviser values forward currency contracts and records unrealized appreciation or depreciation for open forward currency contracts in the fund’s statement of assets and liabilities. Realized gains or losses are recorded at the time the forward currency contract is closed or offset by another contract with the same broker for the same settlement date and currency.

Closed forward currency contracts that have not reached their settlement date are included in the respective receivables or payables for closed forward currency contracts in the fund’s statement of assets and liabilities. Net realized gains or losses from closed forward currency contracts and net unrealized appreciation or depreciation from open forward currency contracts are recorded in the fund’s statement of operations. The average month-end notional amount of open forward currency contracts while held was $4,791,273,000.

50 Capital World Bond Fund

Swap contracts — The fund has entered into swap agreements, which are two-party contracts entered into primarily by institutional investors for a specified time period. In a typical swap transaction, two parties agree to exchange the returns earned or realized from one or more underlying assets or rates of return. Swap agreements can be traded on a swap execution facility (SEF) and cleared through a central clearinghouse (cleared), traded over-the-counter (OTC) and cleared, or traded bilaterally and not cleared. Because clearing interposes a central clearinghouse as the ultimate counterparty to each participant’s swap, and margin is required to be exchanged under the rules of the clearinghouse, central clearing is intended to decrease (but not eliminate) counterparty risk relative to uncleared bilateral swaps. To the extent the fund enters into bilaterally negotiated swap transactions, the fund will enter into swap agreements only with counterparties that meet certain credit standards and subject to agreed collateralized procedures. The term of a swap can be days, months or years and certain swaps may be less liquid than others.

Upon entering into a centrally cleared swap contract, the fund is required to deposit cash, U.S. government securities or other liquid securities, which is known as initial margin. Generally, the initial margin required for a particular swap is set and held as collateral by the clearinghouse on which the contract is cleared. The amount of initial margin required may be significantly modified from time to time by the clearinghouse during the term of the contract.

On a daily basis, interest accruals related to the exchange of future payments are recorded as a receivable and payable in the fund’s statement of assets and liabilities for centrally cleared swaps and as unrealized appreciation or depreciation in the fund’s statement of assets and liabilities for bilateral swaps. For centrally cleared swaps, the fund also pays or receives a variation margin based on the increase or decrease in the value of the swaps, including accrued interest as applicable, and records variation margin in the statement of assets and liabilities. The fund records realized gains and losses on both the net accrued interest and any gain or loss recognized at the time the swap is closed or expires. Net realized gains or losses, as well as any net unrealized appreciation or depreciation, from swaps are recorded in the fund’s statement of operations.

Swap agreements can take different forms. The fund has entered into the following types of swap agreements:

Interest rate swaps — The fund has entered into interest rate swaps, which seek to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio. An interest rate swap is an agreement between two parties to exchange or swap payments based on changes in an interest rate or rates. Typically, one interest rate is fixed and the other is variable based on a designated short-term interest rate such as the Secured Overnight Financing Rate (SOFR), prime rate or other benchmark. In other types of interest rate swaps, known as basis swaps, the parties agree to swap variable interest rates based on different designated short-term interest rates. Interest rate swaps generally do not involve the delivery of securities or other principal amounts. Rather, cash payments are exchanged by the parties based on the application of the designated interest rates to a notional amount, which is the predetermined dollar principal of the trade upon which payment obligations are computed. Accordingly, the fund’s current obligation or right under the swap agreement is generally equal to the net amount to be paid or received under the swap agreement based on the relative value of the position held by each party. The average month-end notional amount of interest rate swaps while held was $2,466,070,000.

Credit default swap indices — The fund has entered into centrally cleared credit default swap indices, including CDX and iTraxx indices (collectively referred to as “CDSIs”), in order to assume exposure to a diversified portfolio of credits or to hedge against existing credit risks. A CDSI is based on a portfolio of credit default swaps with similar characteristics, such as credit default swaps on high-yield bonds. In a typical CDSI transaction, one party (the protection buyer) is obligated to pay the other party (the protection seller) a stream of periodic payments over the term of the contract. If a credit event, such as a default or restructuring, occurs with respect to any of the underlying reference obligations, the protection seller must pay the protection buyer the loss on those credits.

The fund may enter into a CDSI transaction as either protection buyer or protection seller. If the fund is a protection buyer, it would pay the counterparty a periodic stream of payments over the term of the contract and would not recover any of those payments if no credit events were to occur with respect to any of the underlying reference obligations. However, if a credit event did occur, the fund, as a protection buyer, would have the right to deliver the referenced debt obligations or a specified amount of cash, depending on the terms of the applicable agreement, and to receive the par value of such debt obligations from the counterparty protection seller. As a protection seller, the fund would receive fixed payments throughout the term of the contract if no credit events were to occur with respect to any of the underlying reference obligations. If a credit event were to occur, however, the value of any deliverable obligation received by the fund, coupled with the periodic payments previously received by the fund, may be less than the full notional value that the fund, as a protection seller, pays to the counterparty protection buyer, effectively resulting in a loss of value to the fund. Furthermore, as a protection seller, the fund would effectively add leverage to its portfolio because it would have investment exposure to the notional amount of the swap transaction. The average month-end notional amount of credit default swaps while held was $597,862,000.

Capital World Bond Fund 51

The following tables identify the location and fair value amounts on the fund’s statement of assets and liabilities and the effect on the fund’s statement of operations resulting from the fund’s use of futures contracts, forward currency contracts, interest rate swaps and credit default swaps as of, or for the year ended, December 31, 2021 (dollars in thousands):

		Assets				Liabilities
Contracts	Risk type	Location on statement of assets and liabilities	Value			Location on statement of assets and liabilities	Value
Futures	Interest	Unrealized appreciation*	$	17,656		Unrealized depreciation*	$	20,071
Forward currency	Currency	Unrealized appreciation on open forward currency contracts		31,894		Unrealized depreciation on open forward currency contracts		45,225
Swap (centrally cleared)	Interest	Unrealized appreciation*		13,463		Unrealized depreciation*		38,786
Swap (centrally cleared)	Credit	Unrealized appreciation*		80		Unrealized depreciation*		828
			$	63,093			$	104,910
		Net realized gain (loss)				Net unrealized (depreciation) appreciation
Contracts	Risk type	Location on statement of operations	Value			Location on statement of operations	Value
Futures	Interest	Net realized gain on futures contracts	$	8,535		Net unrealized depreciation on futures contracts	$	(5,488	)
Forward currency	Currency	Net realized loss on forward currency contracts		(166,127	)	Net unrealized depreciation on forward currency contracts		(16,511	)
Swap	Interest	Net realized gain on swap contracts		13,157		Net unrealized depreciation on swap contracts		(32,502	)
Swap	Credit	Net realized loss on swap contracts		(9,845	)	Net unrealized appreciation on swap contracts		3,369
			$	(154,280	)		$	(51,132	)

* Includes cumulative appreciation/depreciation on futures contracts, centrally cleared interest rate swaps and credit default swaps as reported in the applicable tables following the fund’s investment portfolio. Only current day’s variation margin is reported within the fund’s statement of assets and liabilities.

Collateral — The fund receives or pledges highly liquid assets, such as cash or U.S. government securities, as collateral due to its use of futures contracts, forward currency contracts, interest rate swaps, credit default swaps and future delivery contracts. For futures contracts, centrally cleared interest rate swaps and credit default swaps, the fund pledges collateral for initial and variation margin by contract. For forward currency contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by counterparty. For future delivery contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by certain counterparties. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by the fund, if any, is disclosed in the fund’s investment portfolio, and cash collateral pledged by the fund, if any, is held in a segregated account with the fund’s custodian, which is reflected as pledged cash collateral in the fund’s statement of assets and liabilities.

Rights of offset — The fund has entered into enforceable master netting agreements with certain counterparties for forward currency contracts, where on any date amounts payable by each party to the other (in the same currency with respect to the same transaction) may be closed or offset by each party’s payment obligation. If an early termination date occurs under these agreements following an event of default or termination event, all obligations of each party to its counterparty are settled net through a single payment in a single currency (“close-out netting”). For financial reporting purposes, the fund does not offset financial assets and financial liabilities that are subject to these master netting arrangements in the statement of assets and liabilities.

52 Capital World Bond Fund

The following table presents the fund’s forward currency contracts by counterparty that are subject to master netting agreements but that are not offset in the fund’s statement of assets and liabilities. The net amount column shows the impact of offsetting on the fund’s statement of assets and liabilities as of December 31, 2021, if close-out netting was exercised (dollars in thousands):

			Gross amounts not offset in the
	Gross amounts		statement of assets and liabilities and
	recognized in the		subject to a master netting agreement
	statement of assets		Available			Non-cash			Cash			Net
Counterparty	and liabilities		to offset			collateral*			collateral*			amount
Assets:
Bank of America	$	363	$	(363	)	$	—		$	—		$	—
Bank of New York Mellon		546		(546	)		—			—			—
BNP Paribas		81		(81	)		—			—			—
Citibank		16,096		(13,247	)		—			(2,451	)		398
Goldman Sachs		1,856		(1,856	)		—			—			—
HSBC Bank		1,300		(1,300	)		—			—			—
JPMorgan Chase		6,738		(6,738	)		—			—			—
Morgan Stanley		3,401		(3,401	)		—			—			—
Standard Chartered Bank		425		(425	)		—			—			—
UBS AG		1,088		(1,088	)		—			—			—
Total	$	31,894	$	(29,045	)	$	—		$	(2,451	)	$	398
Liabilities:
Bank of America	$	516	$	(363	)	$	(153	)	$	—		$	—
Bank of New York Mellon		3,902		(546	)		(3,356	)		—			—
BNP Paribas		193		(81	)		—			—			112
Citibank		13,247		(13,247	)		—			—			—
Goldman Sachs		5,885		(1,856	)		(4,029	)		—			—
HSBC Bank		3,623		(1,300	)		(1,746	)		—			577
JPMorgan Chase		8,210		(6,738	)		(1,471	)		—			1
Morgan Stanley		5,867		(3,401	)		(2,466	)		—			—
Standard Chartered Bank		1,893		(425	)		(998	)		—			470
UBS AG		1,889		(1,088	)		(737	)		—			64
Total	$	45,225	$	(29,045	)	$	(14,956	)	$	—		$	1,224

* Collateral is shown on a settlement basis.

6. Taxation and distributions

Federal income taxation — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies 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 December 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 year, 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.

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. These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. If applicable, the fund records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

Capital World Bond Fund 53

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; cost of investments sold; net capital losses; non-U.S. taxes on capital gains; amortization of premiums and discounts and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes. The fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

During the year ended December 31, 2021, the fund reclassified $2,775,000 from total accumulated loss to capital paid in on shares of beneficial interest to align financial reporting with tax reporting.

As of December 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	$	63,236
Capital loss carryforward1		(98,996	)
Gross unrealized appreciation on investments		442,778
Gross unrealized depreciation on investments		(522,488	)
Net unrealized depreciation on investments		(79,710	)
Cost of investments		16,107,051

¹ The capital loss carryforward will be used to offset any capital gains realized by the fund in future years. The fund will not make distributions from capital gains while a capital loss carryforward remains.

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

	Year ended December 31, 2021									Year ended December 31, 2020
Share class	Ordinary income			Long-term capital gains			Total distributions paid			Ordinary income			Long-term capital gains			Total distributions paid
Class A	$	112,101		$	34,715		$	146,816		$	115,663		$	71,624		$	187,287
Class C		1,173			608			1,781			1,807			1,457			3,264
Class T		—	2		—	2		—	2		—	2		—	2		—	2
Class F-1		2,983			968			3,951			3,878			2,256			6,134
Class F-2		29,166			7,543			36,709			25,678			14,023			39,701
Class F-3		30,276			7,371			37,647			32,399			13,735			46,134
Class 529-A		5,951			1,895			7,846			6,215			3,980			10,195
Class 529-C		160			93			253			410			235			645
Class 529-E		223			78			301			257			169			426
Class 529-T		—	2		—	2		—	2		—	2		—	2		—	2
Class 529-F-1		—	2		—	2		—	2		649			21			670
Class 529-F-23		955			258			1,213			266			494			760
Class 529-F-33		—	2		—	2		—	2		—	2		—	2		—	2
Class R-1		87			42			129			99			93			192
Class R-2		1,280			603			1,883			1,469			1,297			2,766
Class R-2E		113			42			155			124			91			215
Class R-3		2,330			818			3,148			2,514			1,755			4,269
Class R-4		1,911			558			2,469			1,943			1,148			3,091
Class R-5E		564			149			713			340			293			633
Class R-5		1,289			332			1,621			1,279			666			1,945
Class R-6		151,548			36,286			187,834			115,428			62,434			177,862
Total	$	342,110		$	92,359		$	434,469		$	310,418		$	175,771		$	486,189

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

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.

54 Capital World Bond 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 0.570% on the first $1 billion of daily net assets and decreasing to 0.360% on such assets in excess of $15 billion. For the year ended December 31, 2021, the investment advisory services fees were $66,423,000, which were equivalent to an annualized rate of 0.428% 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 0.30% 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		0.30	%		0.30	%
Class 529-A		0.30			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 December 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 December 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.

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. Effective January 1, 2022, the quarterly fee will be amended to 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 $75 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.

Capital World Bond Fund 55

For the year ended December 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		$15,564		$10,474			$1,744			Not applicable
Class C		995		181			30			Not applicable
Class T		—		—	*		—	*		Not applicable
Class F-1		407		348			49			Not applicable
Class F-2		Not applicable		1,391			379			Not applicable
Class F-3		Not applicable		16			373			Not applicable
Class 529-A		752		541			95			$188
Class 529-C		148		26			4			9
Class 529-E		64		9			4			8
Class 529-T		—		—	*		—	*		—	*
Class 529-F-1		—		—	*		—	*		—	*
Class 529-F-2		Not applicable		46			13			25
Class 529-F-3		Not applicable		—	*		—	*		—	*
Class R-1		67		8			2			Not applicable
Class R-2		746		355			30			Not applicable
Class R-2E		42		15			2			Not applicable
Class R-3		681		212			41			Not applicable
Class R-4		234		95			28			Not applicable
Class R-5E		Not applicable		39			8			Not applicable
Class R-5		Not applicable		31			16			Not applicable
Class R-6		Not applicable		33			1,834			Not applicable
Total class-specific expenses	$19,700		$13,820			$4,652			$230

* Amount less than one thousand.

Trustees’ deferred compensation — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees’ compensation of $92,000 in the fund’s statement of operations reflects $56,000 in current fees (either paid in cash or deferred) and a net increase of $36,000 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 instruments. 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 December 31, 2021, the fund engaged in such purchase and sale transactions with related funds in the amounts of $43,907,000 and $321,572,000, respectively, which generated $22,249,000 of net realized gains from such sales.

Interfund lending — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the year ended December 31, 2021.

56 Capital World Bond Fund

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 increase (decrease)
Share class	Amount		Shares		Amount			Shares			Amount			Shares			Amount			Shares
Year ended December 31, 2021
Class A	$	683,215		32,923	$	145,411			7,137		$	(784,033	)		(37,996	)	$	44,593			2,064
Class C		13,841		681		1,775			89			(38,008	)		(1,869	)		(22,392	)		(1,099	)
Class T		—		—		—			—			—			—			—			—
Class F-1		10,241		495		3,862			190			(46,934	)		(2,267	)		(32,831	)		(1,582	)
Class F-2		454,055		21,946		36,211			1,781			(299,343	)		(14,576	)		190,923			9,151
Class F-3		425,194		20,563		36,996			1,818			(223,580	)		(10,819	)		238,610			11,562
Class 529-A		36,640		1,761		7,843			384			(58,554	)		(2,820	)		(14,071	)		(675	)
Class 529-C		2,886		141		253			12			(8,095	)		(395	)		(4,956	)		(242	)
Class 529-E		1,211		59		301			15			(2,643	)		(128	)		(1,131	)		(54	)
Class 529-T		—		—		—	2		—	2		—			—			—	2		—	2
Class 529-F-1		—		—		—	2		—	2		—			—			—	2		—	2
Class 529-F-2		9,273		448		1,212			59			(7,847	)		(380	)		2,638			127
Class 529-F-3		—		—		—	2		—	2		—			—			—	2		—	2
Class R-1		1,728		84		129			6			(2,419	)		(118	)		(562	)		(28	)
Class R-2		19,248		941		1,882			94			(26,574	)		(1,299	)		(5,444	)		(264	)
Class R-2E		2,363		115		155			7			(2,330	)		(112	)		188			10
Class R-3		30,480		1,470		3,146			155			(41,684	)		(2,015	)		(8,058	)		(390	)
Class R-4		27,877		1,348		2,468			121			(27,221	)		(1,316	)		3,124			153
Class R-5E		7,537		364		713			35			(5,669	)		(273	)		2,581			126
Class R-5		13,118		630		1,621			80			(11,608	)		(559	)		3,131			151
Class R-6		1,947,355		94,091		187,833			9,225			(222,619	)		(10,751	)		1,912,569			92,565
Total net increase (decrease)	$	3,686,262		178,060	$	431,811			21,208		$	(1,809,161	)		(87,693	)	$	2,308,912			111,575

See end of table for footnotes.

Capital World Bond Fund 57

	Sales1					Reinvestments of distributions						Repurchases1						Net (decrease) increase
Share class	Amount		Shares			Amount			Shares			Amount			Shares			Amount			Shares
Year ended December 31, 2020
Class A	$	632,918		30,480		$	185,433			8,906		$	(834,621	)		(40,752	)	$	(16,270	)		(1,366	)
Class C		17,051		839			3,247			159			(88,428	)		(4,372	)		(68,130	)		(3,374	)
Class T		—		—			—			—			—			—			—			—
Class F-1		27,498		1,347			6,004			290			(66,656	)		(3,285	)		(33,154	)		(1,648	)
Class F-2		464,254		22,545			38,975			1,876			(318,269	)		(15,584	)		184,960			8,837
Class F-3		518,597		25,074			45,433			2,225			(1,693,786	)		(84,120	)		(1,129,756	)		(56,821	)
Class 529-A		69,301		3,335			10,192			487			(63,006	)		(3,034	)		16,487			788
Class 529-C		5,331		262			644			32			(44,848	)		(2,197	)		(38,873	)		(1,903	)
Class 529-E		1,787		86			425			20			(3,205	)		(156	)		(993	)		(50	)
Class 529-T		—		—			—	2		—	2		—			—			—	2		—	2
Class 529-F-1		7,093		346			671			34			(49,181	)		(2,359	)		(41,417	)		(1,979	)
Class 529-F-23		43,251		2,057			758			35			(1,845	)		(85	)		42,164			2,007
Class 529-F-33		10		—	2		—	2		—	2		—			—			10			—	2
Class R-1		1,855		90			192			10			(2,155	)		(106	)		(108	)		(6	)
Class R-2		22,854		1,122			2,762			133			(33,878	)		(1,677	)		(8,262	)		(422	)
Class R-2E		2,823		138			215			10			(2,945	)		(144	)		93			4
Class R-3		42,801		2,067			4,260			205			(47,259	)		(2,304	)		(198	)		(32	)
Class R-4		32,470		1,575			3,091			149			(33,297	)		(1,629	)		2,264			95
Class R-5E		19,576		939			628			30			(4,172	)		(202	)		16,032			767
Class R-5		11,163		542			1,945			94			(12,605	)		(616	)		503			20
Class R-6		1,224,018		58,657			177,684			8,541			(649,801	)		(32,387	)		751,901			34,811
Total net increase (decrease)	$	3,144,651		151,501		$	482,559			23,236		$	(3,949,957	)		(195,009	)	$	(322,747	)		(20,272	)

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 $11,868,069,000 and $10,979,769,000, respectively, during the year ended December 31, 2021.

11. Ownership concentration

At December 31, 2021, two shareholders held more than 10% of the fund’s outstanding shares. The two shareholders were American Funds 2030 Target Date Retirement Fund and American Funds 2025 Target Date Retirement Fund, with aggregate ownership of the fund’s outstanding shares of 13% and 11%, respectively. CRMC is the investment adviser to the two target date retirement funds.

58 Capital World Bond Fund

Financial highlights

			(Loss) income from investment operations1								Dividends, distributions and return of capital
Period ended	Net asset value, beginning of period		Net investment income		Net (losses) gains on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Return of capital			Total dividends, distributions and return of capital			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 to average net assets3
Class A:
12/31/2021	$	21.55	$	.31	$	(1.42	)	$	(1.11	)	$	(.40	)	$	(.12	)	$	—		$	(.52	)	$	19.92		(5.17	)%	$	5,586			.92	%		.92	%		1.50	%
12/31/2020		20.26		.34		1.64			1.98			(.40	)		(.29	)		—			(.69	)		21.55		9.90			5,999			.93			.93			1.62
12/31/2019		19.25		.44		1.03			1.47			(.39	)		(.07	)		—			(.46	)		20.26		7.66			5,669			.94			.94			2.22
12/31/2018		19.97		.44		(.74	)		(.30	)		(.42	)		—			—			(.42	)		19.25		(1.53	)		5,499			.94			.94			2.25
12/31/2017		18.96		.42		.95			1.37			(.14	)		—			(.22	)		(.36	)		19.97		7.26			5,867			.96			.96			2.13
Class C:
12/31/2021		21.17		.16		(1.39	)		(1.23	)		(.25	)		(.12	)		—			(.37	)		19.57		(5.82	)		87			1.65			1.65			.77
12/31/2020		19.91		.18		1.61			1.79			(.24	)		(.29	)		—			(.53	)		21.17		9.09			118			1.67			1.67			.90
12/31/2019		18.92		.29		1.01			1.30			(.24	)		(.07	)		—			(.31	)		19.91		6.87			178			1.69			1.69			1.47
12/31/2018		19.63		.28		(.73	)		(.45	)		(.26	)		—			—			(.26	)		18.92		(2.30	)		210			1.72			1.72			1.46
12/31/2017		18.64		.26		.93			1.19			(.08	)		—			(.12	)		(.20	)		19.63		6.41			280			1.75			1.75			1.34
Class T:
12/31/2021		21.54		.35		(1.42	)		(1.07	)		(.45	)		(.12	)		—			(.57	)		19.90		(4.98	)5		—	6		.68	5		.68	5		1.71	5
12/31/2020		20.26		.38		1.64			2.02			(.45	)		(.29	)		—			(.74	)		21.54		10.13	5		—	6		.68	5		.68	5		1.83	5
12/31/2019		19.25		.49		1.03			1.52			(.44	)		(.07	)		—			(.51	)		20.26		7.93	5		—	6		.69	5		.69	5		2.44	5
12/31/2018		19.97		.49		(.75	)		(.26	)		(.46	)		—			—			(.46	)		19.25		(1.32	)5		—	6		.72	5		.72	5		2.48	5
12/31/20177,8		19.32		.35		.60			.95			(.12	)		—			(.18	)		(.30	)		19.97		4.95	5,9		—	6		.73	5,10		.73	5,10		2.37	5,10
Class F-1:
12/31/2021		21.50		.30		(1.42	)		(1.12	)		(.39	)		(.12	)		—			(.51	)		19.87		(5.20	)		141			.94			.94			1.48
12/31/2020		20.21		.33		1.65			1.98			(.40	)		(.29	)		—			(.69	)		21.50		9.93			187			.93			.93			1.62
12/31/2019		19.20		.45		1.02			1.47			(.39	)		(.07	)		—			(.46	)		20.21		7.68			209			.93			.93			2.24
12/31/2018		19.92		.44		(.74	)		(.30	)		(.42	)		—			—			(.42	)		19.20		(1.53	)		238			.93			.93			2.25
12/31/2017		18.92		.43		.94			1.37			(.15	)		—			(.22	)		(.37	)		19.92		7.28			285			.91			.91			2.18
Class F-2:
12/31/2021		21.51		.38		(1.42	)		(1.04	)		(.47	)		(.12	)		—			(.59	)		19.88		(4.85	)		1,274			.59			.59			1.84
12/31/2020		20.23		.40		1.64			2.04			(.47	)		(.29	)		—			(.76	)		21.51		10.25			1,182			.60			.60			1.95
12/31/2019		19.22		.51		1.02			1.53			(.45	)		(.07	)		—			(.52	)		20.23		8.00			932			.63			.63			2.57
12/31/2018		19.94		.51		(.75	)		(.24	)		(.48	)		—			—			(.48	)		19.22		(1.19	)		1,217			.60			.60			2.59
12/31/2017		18.93		.47		.95			1.42			(.16	)		—			(.25	)		(.41	)		19.94		7.54			1,027			.67			.67			2.41
Class F-3:
12/31/2021		21.53		.40		(1.42	)		(1.02	)		(.49	)		(.12	)		—			(.61	)		19.90		(4.74	)		1,307			.48			.48			1.95
12/31/2020		20.24		.42		1.65			2.07			(.49	)		(.29	)		—			(.78	)		21.53		10.39			1,166			.50			.50			2.07
12/31/2019		19.23		.53		1.03			1.56			(.48	)		(.07	)		—			(.55	)		20.24		8.12			2,246			.52			.52			2.64
12/31/2018		19.95		.52		(.75	)		(.23	)		(.49	)		—			—			(.49	)		19.23		(1.13	)		2,037			.54			.54			2.65
12/31/20177,11		19.08		.48		.83			1.31			(.17	)		—			(.27	)		(.44	)		19.95		6.94	9		1,770			.55	10		.55	10		2.58	10
Class 529-A:
12/31/2021		21.61		.31		(1.42	)		(1.11	)		(.40	)		(.12	)		—			(.52	)		19.98		(5.18	)		297			.94			.94			1.48
12/31/2020		20.32		.33		1.64			1.97			(.39	)		(.29	)		—			(.68	)		21.61		9.84			335			.96			.96			1.59
12/31/2019		19.30		.44		1.03			1.47			(.38	)		(.07	)		—			(.45	)		20.32		7.64			299			.99			.99			2.17
12/31/2018		20.02		.43		(.75	)		(.32	)		(.40	)		—			—			(.40	)		19.30		(1.59	)		292			1.01			1.01			2.18
12/31/2017		19.01		.41		.95			1.36			(.14	)		—			(.21	)		(.35	)		20.02		7.18			312			1.02			1.02			2.07

See end of table for footnotes.

Capital World Bond Fund 59

Financial highlights (continued)

			(Loss) income from investment operations1								Dividends, distributions and return of capital
Period ended	Net asset value, beginning of period		Net investment income		Net (losses) gains on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Return of capital			Total dividends, distributions and return of capital			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 to average net assets3
Class 529-C:
12/31/2021	$	21.36	$	.15	$	(1.40	)	$	(1.25	)	$	(.24	)	$	(.12	)	$	—		$	(.36	)	$	19.75		(5.88	)%	$	12			1.69	%		1.69	%		.73	%
12/31/2020		20.07		.17		1.63			1.80			(.22	)		(.29	)		—			(.51	)		21.36		9.04			18			1.71			1.71			.86
12/31/2019		19.07		.28		1.02			1.30			(.23	)		(.07	)		—			(.30	)		20.07		6.81			55			1.73			1.73			1.44
12/31/2018		19.78		.28		(.74	)		(.46	)		(.25	)		—			—			(.25	)		19.07		(2.32	)		67			1.76			1.76			1.43
12/31/2017		18.77		.25		.94			1.19			(.07	)		—			(.11	)		(.18	)		19.78		6.38			84			1.80			1.80			1.30
Class 529-E:
12/31/2021		21.47		.27		(1.42	)		(1.15	)		(.36	)		(.12	)		—			(.48	)		19.84		(5.36	)		12			1.10			1.10			1.32
12/31/2020		20.18		.30		1.65			1.95			(.37	)		(.29	)		—			(.66	)		21.47		9.76			14			1.10			1.10			1.45
12/31/2019		19.18		.40		1.02			1.42			(.35	)		(.07	)		—			(.42	)		20.18		7.42			14			1.14			1.14			2.02
12/31/2018		19.90		.39		(.74	)		(.35	)		(.37	)		—			—			(.37	)		19.18		(1.76	)		15			1.17			1.17			2.02
12/31/2017		18.89		.37		.95			1.32			(.12	)		—			(.19	)		(.31	)		19.90		7.04			15			1.19			1.19			1.90
Class 529-T:
12/31/2021		21.54		.34		(1.42	)		(1.08	)		(.44	)		(.12	)		—			(.56	)		19.90		(5.02	)5		—	6		.72	5		.72	5		1.67	5
12/31/2020		20.26		.37		1.64			2.01			(.44	)		(.29	)		—			(.73	)		21.54		10.07	5		—	6		.73	5		.73	5		1.80	5
12/31/2019		19.25		.48		1.03			1.51			(.43	)		(.07	)		—			(.50	)		20.26		7.87	5		—	6		.76	5		.76	5		2.40	5
12/31/2018		19.97		.48		(.75	)		(.27	)		(.45	)		—			—			(.45	)		19.25		(1.36	)5		—	6		.76	5		.76	5		2.43	5
12/31/20177,8		19.32		.34		.61			.95			(.12	)		—			(.18	)		(.30	)		19.97		4.91	5,9		—	6		.78	5,10		.78	5,10		2.33	5,10
Class 529-F-1:
12/31/2021		21.46		.34		(1.42	)		(1.08	)		(.44	)		(.12	)		—			(.56	)		19.82		(5.06	)5		—	6		.75	5		.75	5		1.64	5
12/31/2020		20.19		.38		1.63			2.01			(.45	)		(.29	)		—			(.74	)		21.46		10.08	5		—	6		.73	5		.73	5		1.86	5
12/31/2019		19.18		.48		1.03			1.51			(.43	)		(.07	)		—			(.50	)		20.19		7.90			40			.75			.75			2.41
12/31/2018		19.90		.47		(.74	)		(.27	)		(.45	)		—			—			(.45	)		19.18		(1.36	)		38			.77			.77			2.42
12/31/2017		18.90		.45		.94			1.39			(.15	)		—			(.24	)		(.39	)		19.90		7.41			38			.80			.80			2.30
Class 529-F-2:
12/31/2021		21.55		.37		(1.43	)		(1.06	)		(.46	)		(.12	)		—			(.58	)		19.91		(4.89	)		43			.64			.64			1.78
12/31/20207,12		21.00		.06		.87			.93			(.11	)		(.27	)		—			(.38	)		21.55		4.47	9		43			.11	9		.11	9		.28	9
Class 529-F-3:
12/31/2021		21.54		.38		(1.42	)		(1.04	)		(.48	)		(.12	)		—			(.60	)		19.90		(4.85	)		—	6		.57			.55			1.84
12/31/20207,12		21.00		.06		.87			.93			(.12	)		(.27	)		—			(.39	)		21.54		4.46	9		—	6		.13	9		.09	9		.30	9
Class R-1:
12/31/2021		21.32		.17		(1.41	)		(1.24	)		(.26	)		(.12	)		—			(.38	)		19.70		(5.81	)		6			1.58			1.58			.84
12/31/2020		20.05		.19		1.63			1.82			(.26	)		(.29	)		—			(.55	)		21.32		9.14			8			1.65			1.65			.91
12/31/2019		19.05		.30		1.02			1.32			(.25	)		(.07	)		—			(.32	)		20.05		6.92			7			1.65			1.65			1.50
12/31/2018		19.77		.29		(.74	)		(.45	)		(.27	)		—			—			(.27	)		19.05		(2.26	)		8			1.67			1.67			1.52
12/31/2017		18.77		.27		.94			1.21			(.08	)		—			(.13	)		(.21	)		19.77		6.49			9			1.68			1.68			1.41

See end of table for footnotes.

60 Capital World Bond Fund

Financial highlights (continued)

				(Loss) income from investment operations1								Dividends, distributions and return of capital
Period ended		Net asset value, beginning of period		Net investment income		Net (losses) gains on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Return of capital			Total dividends, distributions and return of capital			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 to average net assets3
Class R-2:
12/31/2021	$	21.30	$	.17	$	(1.40	)	$	(1.23	)	$	(.27	)	$	(.12	)	$	—		$	(.39	)	$	19.68	(5.81	)%	$	94		1.58	%	1.58	%	.84	%
12/31/2020		20.03		.20		1.63			1.83			(.27	)		(.29	)		—			(.56	)		21.30	9.20			107		1.59		1.59		.96
12/31/2019		19.04		.30		1.02			1.32			(.26	)		(.07	)		—			(.33	)		20.03	6.93			109		1.62		1.62		1.54
12/31/2018		19.75		.30		(.73	)		(.43	)		(.28	)		—			—			(.28	)		19.04	(2.18	)		113		1.64		1.64		1.55
12/31/2017		18.76		.28		.94			1.22			(.09	)		—			(.14	)		(.23	)		19.75	6.50			126		1.65		1.65		1.44
Class R-2E:
12/31/2021		21.49		.23		(1.41	)		(1.18	)		(.33	)		(.12	)		—			(.45	)		19.86	(5.52	)		7		1.29		1.29		1.13
12/31/2020		20.21		.26		1.63			1.89			(.32	)		(.29	)		—			(.61	)		21.49	9.47			8		1.32		1.32		1.24
12/31/2019		19.20		.36		1.04			1.40			(.32	)		(.07	)		—			(.39	)		20.21	7.30			7		1.33		1.33		1.82
12/31/2018		19.93		.36		(.76	)		(.40	)		(.33	)		—			—			(.33	)		19.20	(1.99	)		5		1.36		1.36		1.84
12/31/2017		18.93		.34		.95			1.29			(.12	)		—			(.17	)		(.29	)		19.93	6.81			4		1.37		1.37		1.74
Class R-3:
12/31/2021		21.51		.27		(1.42	)		(1.15	)		(.36	)		(.12	)		—			(.48	)		19.88	(5.38	)		128		1.13		1.13		1.29
12/31/2020		20.23		.29		1.64			1.93			(.36	)		(.29	)		—			(.65	)		21.51	9.64			146		1.15		1.15		1.41
12/31/2019		19.22		.40		1.03			1.43			(.35	)		(.07	)		—			(.42	)		20.23	7.44			138		1.17		1.17		1.99
12/31/2018		19.94		.39		(.74	)		(.35	)		(.37	)		—			—			(.37	)		19.22	(1.78	)		132		1.19		1.19		2.00
12/31/2017		18.93		.37		.95			1.32			(.12	)		—			(.19	)		(.31	)		19.94	7.01			141		1.20		1.20		1.89
Class R-4:
12/31/2021		21.53		.33		(1.42	)		(1.09	)		(.42	)		(.12	)		—			(.54	)		19.90	(5.08	)		92		.83		.83		1.59
12/31/2020		20.25		.35		1.64			1.99			(.42	)		(.29	)		—			(.71	)		21.53	9.97			96		.84		.84		1.71
12/31/2019		19.23		.46		1.04			1.50			(.41	)		(.07	)		—			(.48	)		20.25	7.81			89		.86		.86		2.30
12/31/2018		19.95		.45		(.74	)		(.29	)		(.43	)		—			—			(.43	)		19.23	(1.48	)		91		.88		.88		2.30
12/31/2017		18.95		.43		.94			1.37			(.15	)		—			(.22	)		(.37	)		19.95	7.28			115		.89		.89		2.20
Class R-5E:
12/31/2021		21.51		.37		(1.42	)		(1.05	)		(.46	)		(.12	)		—			(.58	)		19.88	(4.90	)		25		.63		.63		1.79
12/31/2020		20.23		.39		1.64			2.03			(.46	)		(.29	)		—			(.75	)		21.51	10.21			25		.63		.63		1.89
12/31/2019		19.22		.50		1.03			1.53			(.45	)		(.07	)		—			(.52	)		20.23	7.98			8		.66		.66		2.48
12/31/2018		19.94		.50		(.75	)		(.25	)		(.47	)		—			—			(.47	)		19.22	(1.24	)		3		.67		.67		2.58
12/31/2017		18.94		.46		.94			1.40			(.16	)		—			(.24	)		(.40	)		19.94	7.41			—	6	.74		.72		2.33
Class R-5:
12/31/2021		21.56		.39		(1.42	)		(1.03	)		(.48	)		(.12	)		—			(.60	)		19.93	(4.79	)		55		.53		.53		1.89
12/31/2020		20.27		.42		1.64			2.06			(.48	)		(.29	)		—			(.77	)		21.56	10.33			56		.54		.54		2.01
12/31/2019		19.26		.52		1.03			1.55			(.47	)		(.07	)		—			(.54	)		20.27	8.06			52		.56		.56		2.61
12/31/2018		19.98		.51		(.74	)		(.23	)		(.49	)		—			—			(.49	)		19.26	(1.17	)		76		.58		.58		2.61
12/31/2017		18.97		.49		.95			1.44			(.17	)		—			(.26	)		(.43	)		19.98	7.65			84		.59		.59		2.50
Class R-6:
12/31/2021		21.55		.40		(1.42	)		(1.02	)		(.49	)		(.12	)		—			(.61	)		19.92	(4.74	)		6,757		.48		.48		1.95
12/31/2020		20.26		.43		1.64			2.07			(.49	)		(.29	)		—			(.78	)		21.55	10.40			5,316		.48		.48		2.07
12/31/2019		19.25		.53		1.03			1.56			(.48	)		(.07	)		—			(.55	)		20.26	8.14			4,294		.50		.50		2.65
12/31/2018		19.97		.52		(.74	)		(.22	)		(.50	)		—			—			(.50	)		19.25	(1.11	)		3,124		.52		.52		2.67
12/31/2017		18.96		.50		.95			1.45			(.17	)		—			(.27	)		(.44	)		19.97	7.72			2,562		.54		.54		2.56

See end of table for footnotes.

Capital World Bond Fund 61

Financial highlights (continued)

	Year ended December 31,
Portfolio turnover rate for all share classes13,14	2021	2020	2019	2018	2017
Excluding mortgage dollar roll transactions	65%	100%	120%	99%	95%
Including mortgage dollar roll transactions	89%	143%	163%	128%	111%

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 some of the periods 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.
14	Refer to Note 5 for more information on mortgage doller rolls.

See notes to financial statements.

62 Capital World Bond Fund

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees of Capital World Bond Fund:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of Capital World Bond Fund (the “Fund”), including the investment portfolio, as of December 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 December 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 December 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
February 9, 2022

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

Capital World Bond Fund 63

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 (July 1, 2021, through December 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.

64 Capital World Bond Fund

Expense example (continued)

	Beginning account value 7/1/2021		Ending account value 12/31/2021		Expenses paid during period*		Annualized expense ratio
Class A – actual return	$	1,000.00	$	981.40	$	4.54		.91	%
Class A – assumed 5% return		1,000.00		1,020.62		4.63		.91
Class C – actual return		1,000.00		977.89		8.18		1.64
Class C – assumed 5% return		1,000.00		1,016.94		8.34		1.64
Class T – actual return		1,000.00		982.12		3.35		.67
Class T – assumed 5% return		1,000.00		1,021.83		3.41		.67
Class F-1 – actual return		1,000.00		981.22		4.69		.94
Class F-1 – assumed 5% return		1,000.00		1,020.47		4.79		.94
Class F-2 – actual return		1,000.00		982.59		2.90		.58
Class F-2 – assumed 5% return		1,000.00		1,022.28		2.96		.58
Class F-3 – actual return		1,000.00		983.14		2.35		.47
Class F-3 – assumed 5% return		1,000.00		1,022.84		2.40		.47
Class 529-A – actual return		1,000.00		980.84		4.69		.94
Class 529-A – assumed 5% return		1,000.00		1,020.47		4.79		.94
Class 529-C – actual return		1,000.00		977.59		8.42		1.69
Class 529-C – assumed 5% return		1,000.00		1,016.69		8.59		1.69
Class 529-E – actual return		1,000.00		980.37		5.49		1.10
Class 529-E – assumed 5% return		1,000.00		1,019.66		5.60		1.10
Class 529-T – actual return		1,000.00		981.47		3.55		.71
Class 529-T – assumed 5% return		1,000.00		1,021.63		3.62		.71
Class 529-F-1 – actual return		1,000.00		981.13		3.85		.77
Class 529-F-1 – assumed 5% return		1,000.00		1,021.32		3.92		.77
Class 529-F-2 – actual return		1,000.00		982.79		3.15		.63
Class 529-F-2 – assumed 5% return		1,000.00		1,022.03		3.21		.63
Class 529-F-3 – actual return		1,000.00		982.26		2.75		.55
Class 529-F-3 – assumed 5% return		1,000.00		1,022.43		2.80		.55
Class R-1 – actual return		1,000.00		977.55		7.78		1.56
Class R-1 – assumed 5% return		1,000.00		1,017.34		7.93		1.56
Class R-2 – actual return		1,000.00		978.00		7.78		1.56
Class R-2 – assumed 5% return		1,000.00		1,017.34		7.93		1.56
Class R-2E – actual return		1,000.00		979.12		6.34		1.27
Class R-2E – assumed 5% return		1,000.00		1,018.80		6.46		1.27
Class R-3 – actual return		1,000.00		979.89		5.59		1.12
Class R-3 – assumed 5% return		1,000.00		1,019.56		5.70		1.12
Class R-4 – actual return		1,000.00		981.41		4.10		.82
Class R-4 – assumed 5% return		1,000.00		1,021.07		4.18		.82
Class R-5E – actual return		1,000.00		982.37		3.10		.62
Class R-5E – assumed 5% return		1,000.00		1,022.08		3.16		.62
Class R-5 – actual return		1,000.00		982.89		2.60		.52
Class R-5 – assumed 5% return		1,000.00		1,022.58		2.65		.52
Class R-6 – actual return		1,000.00		983.61		2.35		.47
Class R-6 – assumed 5% return		1,000.00		1,022.84		2.40		.47

* 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).

Capital World Bond Fund 65

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 December 31, 2021:

Long-term capital gains	$92,232,000
Foreign taxes	$0.003 per share
Foreign source income	$0.35 per share
Qualified dividend income	$2,331,000
Section 163(j) interest dividends	$291,536,000
Corporate dividends received deduction	$210,000
U.S. government income that may be exempt from state taxation	$18,383,000

Individual shareholders should refer to their Form 1099 or other tax information, which was mailed in January 2022, to determine the calendar year amounts to be included on their 2021 tax returns. Shareholders should consult their tax advisors.

66 Capital World Bond Fund

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, 2020, through September 30, 2021. 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.

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Capital World Bond Fund 73

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 trustee	Other directorships3 held by trustee during the past five years
Francisco G. Cigarroa, MD, 1957	2021	Professor of Surgery, University of Texas Health San Antonio; Trustee, Ford Foundation; Clayton Research Scholar, Clayton Foundation for Biomedical Research	86	None
James G. Ellis, 1947	2006	Former Dean and Professor of Marketing, Marshall School of Business, University of Southern California	99	Advanced Merger Partners; EVe Mobility Acquisition Corp (acquisitions of companies in the electric vehicle market); J. G. Boswell (agricultural production); Mercury General Corporation
Nariman Farvardin, 1956	2018	President, Stevens Institute of Technology	87	None
Mary Davis Holt, 1950	2015-2016 2017	Principal, Mary Davis Holt Enterprises, LLC (leadership development consulting); former Partner, Flynn Heath Holt Leadership, LLC (leadership consulting); former COO, Time Life Inc. (1993 – 2003)	87	None
R. Clark Hooper, 1946	2005	Private investor	91	None
Merit E. Janow, 1958	2010	Dean and Professor, Columbia University, School of International and Public Affairs	93	Aptiv (autonomous and green vehicle technology); Mastercard Incorporated
Margaret Spellings, 1957 Chair of the Board (Independent and Non-Executive)	2010	President and CEO, Texas 2036; former President, Margaret Spellings & Company (public policy and strategic consulting); former President, The University of North Carolina; former President, George W. Bush Presidential Center	91	None
Alexandra Trower, 1964	2019	Former Executive Vice President, Global Communications and Corporate Officer, The Estée Lauder Companies	86	None
Paul S. Williams, 1959	2020	Former Partner/Managing Director, Major, Lindsey & Africa (executive recruiting firm)	86	Air Transport Services Group, Inc. (aircraft leasing and air cargo transportation); Compass Minerals, Inc. (producer of salt and specialty fertilizers); Public Storage, Inc.; Romeo Power, Inc. (manufacturer of batteries for electric vehicles)

74 Capital World Bond Fund

Interested trustees^4,5

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 trustee	Other directorships3 held by trustee during the past five years
Michael C. Gitlin, 1970	2015	Partner – Capital Fixed Income Investors, Capital Research and Management Company; Vice Chairman and Director, Capital Research and Management Company; Director, The Capital Group Companies, Inc.6; served as Head of Fixed Income at a large investment management firm prior to joining Capital Research and Management Company in 2015	86	None
Karl J. Zeile, 1966	2019	Partner – Capital Fixed Income Investors, Capital Research and Management Company	21	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 American Funds 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.

Other officers5
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
Thomas H. Høgh, 1963 President	2001	Partner — Capital Fixed Income Investors, Capital Research Company6
Kristine M. Nishiyama, 1970 Principal Executive Officer	2003	Senior Vice President and Senior Counsel — Fund Business Management Group, Capital Research and Management Company; Chair, Senior Vice President, General Counsel and Director, Capital Bank and Trust Company6
Michael W. Stockton, 1967 Executive Vice President	2021	Senior Vice President – Fund Business Management Group, Capital Research and Management Company
Philip Chitty, 1969 Senior Vice President	2021	Partner – Capital Fixed Income Investors, Capital Research Company6
Andrew A. Cormack, 1982 Vice President	2019	Partner – Capital Fixed Income Investors, Capital Research Company6
Steven I. Koszalka, 1964 Secretary	2010	Vice President — Fund Business Management Group, Capital Research and Management Company
Brian C. Janssen, 1972 Treasurer	2012	Senior Vice President – Investment Operations, Capital Research and Management Company
Jane Y. Chung, 1974 Assistant Secretary	2014	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
Becky L. Park, 1979 Assistant Treasurer	2021	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	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.
4	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).
5	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.
6	Company affiliated with Capital Research and Management Company.

Capital World Bond Fund 75

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 nearest 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
Morgan, Lewis & Bockius LLP
One Federal Street
Boston, MA 02110-1726

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

76 Capital World Bond 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.

Capital World Bond 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 Capital World Bond 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 March 31, 2022, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.

BLOOMBERG^® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg’s licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2022. FTSE Russell is a trading name of certain of the LSE Group companies. FTSE indexes are trademarks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

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 calendar-year periods starting the first full calendar year after each fund’s inception 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 James G. Ellis, 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

	WBF
Registrant:

a)  Audit Fees:
Audit	2020	321,000
	2021	168,000
b)  Audit-Related Fees:
	2020	3,000
	2021	2,000
c)  Tax Fees:
	2020	11,000
	2021	12,000
	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	1,477,000
	2021	1,427,000
	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	40,000
	2021	1,000
	The tax fees consist of consulting services relating to the Registrant’s investments.
d)  All Other Fees:
	2020	None
	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, $1,531,000 for fiscal year 2020 and $1,443,000 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.

CAPITAL WORLD BOND FUND

By __/s/ Kristine M. Nishiyama________________

Kristine M. Nishiyama,

Principal Executive Officer

Date: February 28, 2022

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/ Kristine M. Nishiyama_____________

Kristine M. Nishiyama,

Principal Executive Officer

Date: February 28, 2022

By ___/s/ Brian C. Janssen__________________

Brian C. Janssen, Treasurer and

Principal Financial Officer

Date: February 28, 2022