American Funds - Portfolio holdings | American Funds

Portfolio Holdings

American Funds Insurance Series - Capital Income Builder

As of September 30, 2019 (updated quarterly, upon availability)

Fixed-Income Securities* Shares or Principal Amount Market Value
AEP Transmission Co. LLC 3.80% 2049 45,000 49,482
AT&T Inc. 4.35% 2029 150,000 165,909
Abbott Laboratories 3.75% 2026 240,000 261,723
Alexandria Real Estate Equities, Inc. 2.75% 2029 87,000 85,863
Allstate Corp. 3.85% 2049 70,000 77,897
Altria Group, Inc. 5.95% 2049 187,000 220,299
American Campus Communities, Inc. 3.30% 2026 128,000 131,458
American Electric Power Co., Inc. 3.65% 2021 300,000 309,573
American Electric Power Co., Inc. 4.30% 2028 530,000 594,449
Anheuser-Busch Co./InBev Worldwide 4.90% 2046 200,000 238,291
Apache Corp. 4.25% 2030 105,000 106,750
Apache Corp. 5.35% 2049 180,000 186,893
ArcelorMittal 3.60% 2024 305,000 308,476
Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 2048 727,380 743,097
Arroyo Mortgage Trust, Series 2019-1, Class A1, 3.805% 2049 517,034 529,169
AstraZeneca PLC 3.375% 2025 200,000 210,600
Avolon Holdings Funding Ltd. 3.95% 2024 317,000 325,543
BP Capital Markets PLC 4.234% 2028 175,000 198,155
BP Capital Markets PLC 3.79% 2024 170,000 181,002
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027) 538,000 561,820
Bank of Montreal 2.50% 2024 350,000 353,858
Bayer US Finance II LLC 4.25% 2025 210,000 224,374
Bayerische Motoren Werke AG 2.95% 2022 640,000 653,307
Bayerische Motoren Werke AG 3.15% 2024 110,000 114,039
Becton, Dickinson and Co. 3.70% 2027 85,000 90,133
Boeing Co 3.6% 2034 90,000 97,796
Boeing Co. 2.70% 2022 420,000 428,392
Boeing Co. 3.10% 2026 88,000 92,405
Boston Scientific Corp. 3.75% 2026 170,000 181,906
Boston Scientific Corp. 4.70% 2049 15,000 18,394
Bristol-Myers Squibb Co 4.125% 2039 308,000 349,883
British American Tobacco PLC 3.215% 2026 250,000 247,895
British American Tobacco PLC 3.557% 2027 660,000 664,248
British American Tobacco PLC 4.54% 2047 150,000 144,267
Broadcom Inc.4.75% 2029 530,000 560,709
Broadcom Ltd. 3.50% 2028 128,000 125,001
Broadcom Ltd. 3.625% 2024 100,000 102,382
Broadcom Ltd. 3.875% 2027 200,000 201,212
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2049 385,000 411,747
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2048 200,000 228,270
CSX Corp. 3.35% 2049 120,000 117,870
CSX Corp. 4.75% 2048 50,000 60,413
Capital Group Central Cash Fund 682,377 68,230,895
Cenovus Energy Inc. 5.40% 2047 75,000 84,621
Centene Corp. 5.375% 2026 100,000 105,000
CenterPoint Energy, Inc. 2.95% 2030 75,000 74,889
CenterPoint Energy, Inc. 3.85% 2024 100,000 105,593
Cigna Corp. 4.375% 2028 100,000 109,828
Cigna Corp. 4.80% 2038 130,000 146,528
Cigna Corp. 4.90% 2048 60,000 68,909
Citigroup Inc. 3.98% 2030 (3-month USD-LIBOR + 1.023% on 3/20/2029) 385,000 420,059
Cloud Pass-Through Trust, Series 19-1A, Class CLOU, 3.554% 2022 693,061 701,818
Comcast Corp. 4.00% 2047 100,000 110,435
Comcast Corp. 4.00% 2048 30,000 33,294
Conagra Brands, Inc. 4.30% 2024 70,000 75,165
Conagra Brands, Inc. 5.40% 2048 50,000 59,451
Concho Resources Inc. 4.30% 2028 140,000 151,142
Consolidated Edison Co.of New York, Inc. 4.65% 2048 140,000 173,547
Consolidated Edison Company of New York, Inc. 4.125% 2049 30,000 34,387
Consumers Energy Co. 3.10% 2050 150,000 150,635
Consumers Energy Co. 3.25% 2046 130,000 133,319
DTE Energy Co. 3.95% 2049 35,000 40,218
DTE Energy Co., Series C, 2.529% 2024 300,000 301,278
Dominion Resources, Inc., junior subordinated, 3.071% 2024 75,000 76,838
Dow Chemical Co. 4.80% 2049 97,000 107,294
Drivetime Auto Owner Trust, Series 20198-3, Class A 2.55% 2022 377,291 377,688
Duke Energy Carolinas, LLC 2.45% 2029 120,000 120,274
Duke Energy Corp. 2.65% 2026 115,000 115,642
Duke Energy Indiana, Inc. 3.25% 2049 25,000 24,996
Duke Energy Progress, LLC 3.60% 2047 14,000 14,832
Eli Lilly and Co. 3.375% 2029 90,000 97,537
Emera Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026) 120,000 131,882
Emera US Finance LP 4.75% 2046 120,000 139,184
Enbridge Energy Partners, LP 7.375% 2045 85,000 126,066
Energy Transfer Partners, LP 6.00% 2048 161,000 190,605
Energy Transfer Partners, LP 6.25% 2049 150,000 182,379
Entergy Corp. 2.95% 2026 280,000 284,614
Entergy Corp. 5.125% 2020 200,000 204,076
Equinor ASA 3.625% 2028 95,000 105,276
Fannie Mae Pool #BD2379 4.00% 2046 993,294 1,045,915
Fannie Mae Pool #BJ8402 3.54% 2049 285,619 295,744
Fannie Mae Pool #BM4488 3.451% 2048 1,663,217 1,709,434
Fannie Mae Pool #CA0133 4.00% 2047 702,684 738,595
Fannie Mae Pool #CA1563 4.50% 2048 4,874,995 5,176,724
Fannie Mae Pool #CA1709 4.50% 2048 4,928,206 5,222,750
Fannie Mae Pool #CA2055 4.50% 2048 5,741,135 6,080,120
Fannie Mae Pool #MA3692 3.50% 2049 298,755 307,498
Fannie Mae Pool #MA3775 3.50% 2049 151,587 155,826
Finance of America Structured Securities Trust, Series 2019-HB1, Class A, 3.279% 2069 368,142 370,806
FirstEnergy Corp. 3.90% 2027 280,000 298,630
Fiserv, Inc. 3.5% 2029 540,000 569,405
Florida Power & Light Co. 3.15% 2049 98,000 99,748
Ford Credit Auto Owner Trust, Series 2015-1, Class A, 2.12% 2026 6,959,000 6,956,578
Ford Credit Floorplan Master Owner Trust, Series 2019-3, Class A1, 2.23% 2024 2,729,000 2,738,953
Freddie Mac 2.50% 2032 84,177 84,499
Freddie Mac 2.50% 2033 127,116 127,602
Freddie Mac Pool #760012 2.975% 2045 134,102 135,818
Freddie Mac Pool #760013 3.012% 2045 121,002 122,619
Freddie Mac Pool #760015 3.236% 2047 246,364 248,917
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 2.75% 2056 238,211 243,480
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 2.50% 2056 476,423 496,925
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 2056 459,017 470,743
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 2.75% 2057 184,842 188,776
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 2057 147,727 155,246
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 2057 2,811,715 2,959,414
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 2057 3,446,273 3,594,738
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 2028 1,779,587 1,862,434
Freddie Mac Seasoned Loan Structured Transaction, 2019-2, Class A1C, 2.75% 2029 2,442,000 2,482,923
Gaming and Leisure Properties, Inc. 3.35% 2024 90,000 90,963
General Motors Co. 5.95% 2049 90,000 96,521
General Motors Financial Co. 3.55% 2022 140,000 143,060
Global Payments Inc. 3.20% 2029 84,000 85,257
Global Payments Inc. 4.15% 2049 28,000 29,486
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 2039 200,000 199,119
Government National Mortgage Assn. 4.50% 2049 431,003 451,101
Government National Mortgage Assn. 4.50% 2049 3,823,081 4,001,356
Government National Mortgage Assn. 4.81% 2061 1,502 1,504
Government National Mortgage Assn. 5.00% 2049 478,786 505,565
Government National Mortgage Assn. 5.00% 2049 466,655 493,534
Government National Mortgage Assn. 5.00% 2049 175,916 185,481
Government National Mortgage Assn. 5.20% 2064 1,027 1,066
Government National Mortgage Assn. 5.46% 2060 9,796 9,786
Government National Mortgage Assn. 6.64% 2064 5,308 5,530
Government National Mortgage Assn. Pool #694836 5.644% 2059 1,307 1,443
Government National Mortgage Assn. Pool #765152 4.768% 2061 397 430
Government National Mortgage Assn. Pool #766524 4.49% 2062 41,491 41,626
Government National Mortgage Assn. Pool #766525 4.533% 2062 16,147 16,269
Government National Mortgage Assn. Pool #767639 4.412% 2063 35,450 36,017
Government National Mortgage Assn. Pool #777452 4.215% 2063 51,025 51,492
Government National Mortgage Assn. Pool #AA1709 4.549% 2063 65,770 66,534
Government National Mortgage Assn. Pool #MA5332 5% 2048 31,618 33,498
Government National Mortgage Assn. Pool #MA5653 5% 2048 3,836,465 4,051,043
Government National Mortgage Assn. Pool #MA5877 4.50% 2049 36,834 38,552
Government National Mortgage Assn. Pool #MA5878 5% 2049 1,362,515 1,441,406
Government National Mortgage Assn. Pool #MA5933 5.00% 2049 1,169,891 1,242,087
Government National Mortgage Assn. Pool #MA5988 5.00% 2049 627,729 666,488
Government National Mortgage Assn. Pool #MA6042 5.00% 2049 75,659 80,308
HCA Inc. 4.125% 2029 55,000 57,701
HCA Inc. 5.25% 2049 50,000 55,112
HSBC Holdings PLC 3.973% 2030 (3-month USD-LIBOR + 1.61% on 5/22/2029) 250,000 267,203
Hartford Financial Services Group, Inc. 2.8% 2029 190,000 189,799
Home Depot, Inc. 4.50% 2048 67,000 83,747
Homeward Opportunities Fund Trust, Series 2018-1, 3.766% 2048 172,765 174,918
Honeywell International Inc. 2.15% 2022 305,000 307,637
Honeywell International Inc. 2.30% 2024 175,000 177,760
Honeywell International Inc. 2.70% 2029 70,000 72,387
JPMorgan Chase & Co. 2.301% 2025 (USD-SOFRRATE + 1.160% on 10/15/2024) 235,000 234,419
JPMorgan Chase & Co. 2.739% 2030 (USD-SOFRRATE + 1.510% on 10/15/2029) 1,096,000 1,090,735
JPMorgan Chase & Co. 4.25% 2020 300,000 306,827
Jersey Central Power & Light Co. 4.3% 2026 115,000 126,004
Keurig Dr Pepper Inc. 4.057% 2023 620,000 656,447
Keurig Dr Pepper Inc. 4.417% 2025 30,000 32,792
Keurig Dr Pepper Inc. 5.085% 2048 64,000 75,678
Kraft Heinz Co. 4.875% 2049 260,000 262,811
Lowe's Companies, Inc. 3.65% 2029 140,000 149,857
Marsh & McLennan Companies, Inc. 4.375% 2029 175,000 198,170
Merck & Co., Inc. 2.90% 2024 108,000 112,295
Metropolitan Life Global Funding I 2.40% 2021 225,000 226,124
Mississippi Power Co. 4.25% 2042 335,000 363,617
Mitsubishi UFJ Financial Group, Inc. 3.195% 2029 290,000 300,606
Molson Coors Brewing Co. 4.20% 2046 65,000 65,841
Morgan Stanley 4.431% 2030 (3-month USD-LIBOR + 1.628% on 1/23/2029) 462,000 519,527
Morgan Stanley 5.50% 2020 300,000 308,205
NBCUniversal Enterprise, Inc., junior subordinated, 5.25% 630,000 649,121
Nationstar HECM Loan Trust, Series 2018-2, Class A, 3.188% 2028 90,151 90,506
Nationstar HECM Loan Trust, Series 2019-1A, Class A, 2.651% 2029 148,335 148,749
New York Life Global Funding 3.00% 2028 150,000 156,866
Noble Energy, Inc. 3.25% 2029 266,000 263,885
Northern States Power Company 2.90% 2050 50,000 48,523
Occidental Petroleum Corp. 2.90% 2024 121,000 122,054
Occidental Petroleum Corp. 3.20% 2026 28,000 28,232
Occidental Petroleum Corp. 3.50% 2029 203,000 206,282
Pacific Gas and Electric Co. 2.45% 2022 210,000 208,425
Pacific Gas and Electric Co. 4.65% 2028 284,000 302,460
PayPal Holdings, Inc. 2.85% 2029 246,000 247,314
Petroleos Mexicanos 6.84% 2030 150,000 155,393
Petroleos Mexicanos 7.69% 2050 80,000 83,624
Pfizer Inc. 4.0% 2049 50,000 57,784
Philip Morris International Inc. 3.375% 2029 280,000 293,928
Prudential Financial, Inc. 3.70% 2051 85,000 88,096
Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2016-C, 5.00% 2035 350,000 417,578
Public Service Electric and Gas Co. 3.20% 2029 95,000 101,137
Public Service Electric and Gas Co. 3.85% 2049 135,000 153,462
Public Service Enterprise Group Inc. 2.875% 2024 100,000 102,731
Public Service Enterprise Group Inc. 3.20% 2049 50,000 51,267
Puget Sound Energy, Inc. 3.25% 2049 125,000 124,768
Republic Services, Inc. 2.50% 2024 270,000 273,281
SCANA Corp. 4.125% 2022 71,000 73,309
SCANA Corp. 4.75% 2021 108,000 110,626
SCANA Corp. 6.25% 2020 176,000 178,625
San Diego Gas & Electric Co. 4.10% 2049 140,000 158,617
Sherwin-Williams Co. 2.95% 2029 250,000 251,130
Southern California Edison Co. 2.85% 2029 75,000 75,700
Southern California Edison Co. 4.125% 2048 386,000 420,596
Station Place Securitization Trust, Series 2019-WL1, Class A, (1-month USD-LIBOR + 0.65%) 2.891% 2052 760,000 762,670
Takeda Pharmaceutical Co., Ltd. 4.40% 2023 360,000 387,984
Takeda Pharmaceutical Co., Ltd. 5.00% 2028 800,000 937,549
The Connecticut Light and Power Co. 3.20% 2027 125,000 132,289
Total Capital International 2.434% 2025 175,000 176,879
Total Capital International 3.455% 2029 145,000 156,719
Total Capital International 3.461% 2049 20,000 21,227
TransCanada PipeLines Ltd. 4.25% 2028 60,000 66,395
Travelers Companies, Inc. 4.10% 2049 70,000 81,918
U.S. Treasury 1.25% 2024 898,000 885,635
U.S. Treasury 1.625% 2022 3,550,000 3,554,012
U.S. Treasury 1.625% 2029 1,383,000 1,377,164
U.S. Treasury 1.75% 2023 4,000,000 4,024,440
U.S. Treasury 1.75% 2024 751,000 757,812
U.S. Treasury 1.875% 2022 6,000,000 6,054,360
U.S. Treasury 2.00% 2022 3,000,000 3,038,460
U.S. Treasury 2.00% 2022 15,000,000 15,188,100
U.S. Treasury 2.00% 2025 13,200,000 13,495,548
U.S. Treasury 2.00% 2026 7,500,000 7,692,000
U.S. Treasury 2.125% 2022 8,800,000 8,953,032
U.S. Treasury 2.25% 2021 12,000,000 12,097,680
U.S. Treasury 2.50% 2022 240,000 244,908
U.S. Treasury 2.625% 2023 4,060,000 4,200,720
U.S. Treasury 2.625% 2025 5,000 5,301
U.S. Treasury 2.75% 2023 3,770,000 3,923,665
U.S. Treasury 2.875% 11-15-21 2,000,000 2,051,120
U.S. Treasury 2.875% 2023 3,100,000 3,259,371
U.S. Treasury 2.875% 2028 1,500,000 1,649,565
U.S. Treasury 2.875% 2045 200,000 230,658
U.S. Treasury 2.875% 2049 89,600 104,585
U.S. Treasury 3.125% 2048 2,000,000 2,432,600
U.S. Treasury 5.00% 2026 6,300,000 6,405,714
U.S. Treasury Inflation-Protected Security 0.50% 2028 104 107
U.S. Treasury Inflation-Protected Security 0.625% 2023 5,681,115 5,732,474
U.S. Treasury, principal only, 0% 2047 6,535,500 3,594,525
Ultra Petroleum Corp. 11.00% 2024 91,020 13,198
Union Pacific Corp. 3.95% 2059 45,000 48,218
Union Pacific Corp. 4.30% 2049 110,000 128,506
Union Pacific Corp. 4.50% 2048 80,000 95,313
United Parcel Service, Inc. 4.25% 2049 60,000 70,062
UnitedHealth Group Inc. 2.375% 2024 35,000 35,249
UnitedHealth Group Inc. 4.45% 2048 170,000 201,913
Verizon Communications Inc. 4.329% 2028 142,000 161,206
Virginia Electric and Power Co. 4.60% 2048 75,000 92,267
Vodafone Group PLC 4.25% 2050 75,000 76,779
Vodafone Group PLC 5.25% 2048 150,000 174,160
Volkswagen Group of America Finance, LLC 3.2% 2026 584,000 589,424
Wal-Mart Stores, Inc. 2.55% 2023 510,000 520,835
Wells Fargo & Co. 2.15% 2020 425,000 424,893
Wells Fargo & Co. 4.60% 2021 300,000 310,994
Westfield Corp. Ltd. 3.50% 2029 160,000 165,032
Westinghouse Air Brake Technologies Corp. 4.40% 2024 114,000 121,502
Westlake Automobile Receivables Trust, Series 2018-3A, Class A2A, 2.98% 2022 494,023 495,350
Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
Air New Zealand Ltd. 1,738,359 3,047,969 0.34
Air Products and Chemicals, Inc. 15,700 3,483,202 0.39
Airbus SE, non-registered shares 90,999 11,822,776 1.33
Altria Group, Inc. 159,370 6,518,233 0.73
American Tower Corp. REIT 77,169 17,064,381 1.92
Asahi Kasei Corp. 279,000 2,745,489 0.31
AstraZeneca PLC 123,900 11,061,498 1.25
AstraZeneca PLC (ADR) 145,100 6,467,107 0.73
BOC Aviation Ltd. 646,700 5,969,703 0.67
Bank of China Ltd., Class H 1,894,000 744,290 0.08
Boeing Co. 21,300 8,104,011 0.91
British American Tobacco PLC 271,200 10,028,628 1.13
Broadcom Inc. 48,100 13,278,967 1.49
Broadcom Inc., Series A, cumulative convertible preferred 2022 3,900 3,999,005 0.45
Burberry Group PLC 78,200 2,090,319 0.24
CK Asset Holdings Ltd. 971,500 6,581,861 0.74
CME Group Inc., Class A 59,566 12,588,678 1.42
Carlsberg A/S, Class B 72,426 10,705,381 1.21
Chevron Corp. 57,700 6,843,220 0.77
Coca-Cola Co. 192,700 10,490,588 1.18
Crown Castle International Corp. REIT 130,300 18,113,003 2.04
Crown Castle International Corp. REIT, Series A, 6.875% convertible preferred 2020 3,150 3,975,836 0.45
Danone SA 72,020 6,344,224 0.71
Delta Electronics, Inc. 805,200 3,436,070 0.39
Diageo PLC 233,600 9,573,139 1.08
Digital Realty Trust, Inc. REIT 49,000 6,360,690 0.72
Dow Inc. 79,033 3,765,922 0.42
Edison International 159,800 12,052,116 1.36
Eli Lilly and Co. 30,700 3,433,181 0.39
Enbridge Inc. 377,870 13,262,600 1.49
Enel SpA 1,885,716 14,081,108 1.59
Equinix, Inc. REIT 3,400 1,961,120 0.22
Equitrans Midstream Corp. 434,100 6,316,155 0.71
Everest Re Group, Ltd. 3,400 904,706 0.10
Gannett Co., Inc. 132,999 1,428,409 0.16
Givaudan SA 1,202 3,352,906 0.38
GlaxoSmithKline PLC 459,700 9,860,900 1.11
Gree Electric Appliances, Inc. of Zhuhai, Class A 376,800 3,024,577 0.34
HKBN Ltd. 1,130,500 2,082,807 0.23
HKT Trust and HKT Ltd., units 3,699,240 5,871,435 0.66
HP Inc. 244,800 4,631,616 0.52
Helmerich & Payne, Inc. 40,200 1,610,814 0.18
Hong Kong Exchanges and Clearing Ltd. 54,500 1,599,321 0.18
Iberdrola, SA, non-registered shares 495,604 5,151,191 0.58
Imperial Brands PLC 202,400 4,549,675 0.51
Infratil Ltd. 1,464,892 4,513,192 0.51
Intel Corp. 221,100 11,393,283 1.28
Inter Pipeline Ltd. 297,600 5,222,629 0.59
InterContinental Hotels Group PLC 64,695 4,036,946 0.45
Iron Mountain Inc. REIT 78,200 2,532,898 0.29
JPMorgan Chase & Co. 66,700 7,849,923 0.88
Japan Tobacco Inc. 97,100 2,124,750 0.24
KLA Corp. 16,800 2,678,760 0.30
Kering SA 2,085 1,062,529 0.12
Koninklijke KPN NV 2,692,994 8,397,690 0.95
Koninklijke Philips NV 35,323 1,636,263 0.18
Kühne + Nagel International AG 11,185 1,647,407 0.19
Las Vegas Sands Corp. 192,200 11,101,472 1.25
Linde PLC 8,200 1,588,504 0.18
Link Real Estate Investment Trust REIT 848,000 9,353,458 1.05
Lloyds Banking Group PLC 4,434,000 2,950,528 0.33
Longfor Group Holdings Ltd. 770,000 2,878,523 0.32
MONETA Money Bank, AS, non-registered shares 137,053 422,509 0.05
Marsh & McLennan Companies, Inc. 13,100 1,310,655 0.15
MediaTek Inc. 226,300 2,682,949 0.30
Merck & Co., Inc. 30,700 2,584,326 0.29
Micro Focus International PLC 23,823 332,987 0.04
Microsoft Corp. 119,020 16,547,351 1.86
Modern Times Group MTG AB, Class B 31,400 260,219 0.03
Nasdaq, Inc. 19,800 1,967,130 0.22
Nestlé SA 69,277 7,515,970 0.85
NetApp, Inc. 62,700 3,292,377 0.37
Nexity SA, Class A, non-registered shares 81,189 3,865,328 0.44
Nintendo Co., Ltd. 11,300 4,182,437 0.47
Nippon Telegraph and Telephone Corp. 131,500 6,270,650 0.71
Nutrien Ltd. 75,220 3,751,974 0.42
Oversea-Chinese Banking Corp. Ltd. 8,563 67,282 0.01
PNC Financial Services Group, Inc. 31,800 4,457,088 0.50
Pfizer Inc. 207,500 7,455,475 0.84
Philip Morris International Inc. 168,120 12,765,352 1.44
QUALCOMM Inc. 144,900 11,052,972 1.24
RELX PLC 31,100 738,969 0.08
Reckitt Benckiser Group PLC 60,000 4,680,159 0.53
Roche Holding AG, nonvoting, non-registered shares 7,627 2,219,590 0.25
Royal Caribbean Cruises Ltd. 26,200 2,838,246 0.32
Royal Dutch Shell PLC, Class A 101 2,961 0.00
Royal Dutch Shell PLC, Class B 534,840 15,756,396 1.77
Royal Dutch Shell PLC, Class B (ADR) 8,500 509,150 0.06
SSE PLC 339,756 5,203,039 0.59
Sampo Oyj, Class A 130,569 5,191,603 0.58
Sands China Ltd. 1,782,000 8,071,373 0.91
Schlumberger Ltd. 134,800 4,606,116 0.52
Sempra Energy, Series A, 6.00% convertible preferred 2021 55,000 6,501,000 0.73
SunTrust Banks, Inc. 106,800 7,347,840 0.83
Svenska Handelsbanken AB, Class A 553,166 5,179,864 0.58
Swedbank AB, Class A 419,333 6,036,081 0.68
TAG Immobilien AG 63,600 1,451,578 0.16
Taiwan Semiconductor Manufacturing Co., Ltd. 1,331,800 11,663,376 1.31
Ultra Petroleum Corp., warrants, expire 2025 1,750 61 0.00
Unibail-Rodamco-Westfield, non-registered shares REIT 32,500 4,737,876 0.53
United Technologies Corp. 36,600 4,996,632 0.56
VTech Holdings Ltd. 328,400 2,863,868 0.32
Vanguard International Semiconductor Corp. 2,070,700 4,168,977 0.47
Verizon Communications Inc. 67,000 4,044,120 0.46
Vodafone Group PLC 6,314,800 12,578,267 1.42
Williams Companies, Inc. 281,400 6,770,484 0.76
Zurich Insurance Group AG 28,707 10,987,500 1.24

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

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

*
Excludes certain securities in initial period of acquisition.