Portfolio Holdings - American Funds Insurance Series - Global Balanced Fund | Capital Group

Portfolio Holdings

American Funds Insurance Series - Global Balanced Fund

As of June 30, 2018 (updated quarterly, upon availability)

Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
ABN AMRO Group NV, depository receipts 31,000 804,404 0.21
AIA Group Ltd. 250,000 2,185,939 0.56
ASML Holding NV 31,500 6,242,533 1.61
ASSA ABLOY AB, Class B 118,000 2,514,997 0.65
Accor SA 20,800 1,020,676 0.26
Alphabet Inc., Class C 1,505 1,679,053 0.43
Amazon.com, Inc. 3,150 5,354,370 1.38
Amphenol Corp., Class A 24,000 2,091,600 0.54
AstraZeneca PLC 23,600 1,636,105 0.42
Axel Springer SE 23,300 1,685,643 0.44
B3 SA - Brasil, Bolsa, Balcao 376,000 1,983,926 0.51
BAE Systems PLC 170,000 1,451,144 0.37
BNP Paribas SA 18,200 1,130,498 0.29
Bank Central Asia Tbk PT 1,080,000 1,618,493 0.42
BlackRock, Inc. 3,394 1,693,742 0.44
Boeing Co. 15,750 5,284,283 1.36
Boral Ltd. 185,000 894,017 0.23
British American Tobacco PLC 76,900 3,887,020 1.00
Broadcom Inc. 13,650 3,312,036 0.85
Carl Zeiss Meditec AG, non-registered shares 19,500 1,331,029 0.34
Caterpillar Inc. 12,000 1,628,040 0.42
Chevron Corp. 10,000 1,264,300 0.33
Coca-Cola Co. 29,000 1,271,940 0.33
Coca-Cola European Partners plc 48,000 1,950,720 0.50
Coca-Cola FEMSA, SAB de CV, Series L 150,000 849,385 0.22
ConocoPhillips 56,006 3,899,138 1.01
Croda International PLC 13,100 830,205 0.21
Cummins Inc. 8,000 1,064,000 0.27
Daito Trust Construction Co., Ltd. 11,000 1,789,369 0.46
DowDuPont Inc. 37,848 2,494,940 0.64
ENN Energy Holdings Ltd. 232,000 2,281,381 0.59
Edenred SA 65,000 2,054,043 0.53
Enbridge Inc. 16,157 577,628 0.15
Enbridge Inc. 50,869 1,818,616 0.47
Enel Américas SA (ADR) 197,000 1,735,570 0.45
Equinix, Inc. REIT 4,240 1,822,734 0.47
Express Scripts Holding Co. 13,600 1,050,056 0.27
Fisher & Paykel Healthcare Corp. Ltd. 204,000 2,057,339 0.53
Flughafen Zürich AG 12,235 2,500,620 0.65
GLP J-REIT REIT 1,432 1,521,051 0.39
General Electric Co. 57,000 775,770 0.20
General Motors Co. 41,000 1,615,400 0.42
Gilead Sciences, Inc. 14,000 991,760 0.26
Goldman Sachs Group, Inc. 4,000 882,280 0.23
Grupo Financiero Galicia SA, Class B (ADR) 18,500 610,130 0.16
HDFC Bank Ltd. (ADR) 21,605 2,268,957 0.59
HSBC Holdings PLC 539,633 5,061,468 1.31
Hamamatsu Photonics KK 19,000 816,872 0.21
Home Depot, Inc. 9,000 1,755,900 0.45
Humana Inc. 20,830 6,199,633 1.60
Intel Corp. 35,000 1,739,850 0.45
International Consolidated Airlines Group, SA (CDI) 120,000 1,051,577 0.27
JPMorgan Chase & Co. 44,670 4,654,614 1.20
Keyence Corp. 4,400 2,486,239 0.64
Koninklijke DSM NV 12,000 1,206,851 0.31
LUKOIL Oil Co. PJSC (ADR) 39,800 2,721,524 0.70
LVMH Moët Hennessy-Louis Vuitton SE 6,100 2,031,645 0.52
Linde AG, non-registered shares 8,900 2,124,415 0.55
Link Real Estate Investment Trust REIT 211,697 1,933,324 0.50
Lockheed Martin Corp. 3,080 909,924 0.23
LyondellBasell Industries NV 12,000 1,318,200 0.34
MTU Aero Engines AG 9,000 1,729,979 0.45
Medtronic PLC 15,000 1,284,150 0.33
Merck & Co., Inc. 62,870 3,816,209 0.99
Mettler-Toledo International Inc. 3,500 2,025,205 0.52
Microsoft Corp. 53,500 5,275,635 1.36
Nestlé SA 43,800 3,401,212 0.88
Nintendo Co., Ltd. 19,800 6,473,920 1.67
Nokian Renkaat Oyj 33,634 1,329,160 0.34
Northrop Grumman Corp. 3,450 1,061,565 0.27
Novartis AG 11,800 897,005 0.23
PagSeguro Digital Ltd., Class A 220,528 6,119,652 1.58
Pernod Ricard SA 8,800 1,437,702 0.37
Peugeot SA 52,500 1,199,214 0.31
Philip Morris International Inc. 50,800 4,101,592 1.06
Power Assets Holdings Ltd. 120,500 842,437 0.22
ProSiebenSat.1 Media SE 20,000 507,526 0.13
Procter & Gamble Co. 11,000 858,660 0.22
Randgold Resources Ltd. 25,000 1,920,236 0.50
Reliance Industries Ltd. 106,000 1,504,484 0.39
Rio Tinto PLC 18,000 997,969 0.26
Royal Dutch Shell PLC, Class B 125,700 4,501,495 1.16
Ryanair Holdings PLC (ADR) 20,600 2,353,138 0.61
Sberbank of Russia PJSC (ADR) 123,000 1,775,505 0.46
Schlumberger Ltd. 20,400 1,367,412 0.35
Société Générale 17,000 716,977 0.19
Taiwan Semiconductor Manufacturing Co., Ltd. 697,000 4,949,424 1.28
Temenos AG 25,000 3,786,731 0.98
Teva Pharmaceutical Industries Ltd. (ADR) 50,000 1,216,000 0.31
The Chemours Co. 3,200 141,952 0.04
TravelSky Technology Ltd., Class H 860,000 2,504,716 0.65
UnitedHealth Group Inc. 4,555 1,117,524 0.29
Visa Inc., Class A 14,600 1,933,770 0.50
Walgreens Boots Alliance, Inc. 20,000 1,200,300 0.31
Wells Fargo & Co. 47,900 2,655,576 0.69
WestRock Co. 24,570 1,400,981 0.36
Wynn Resorts, Ltd. 13,000 2,175,420 0.56
bioMérieux SA 10,425 938,640 0.24
Ørsted AS 33,800 2,044,969 0.53
Fixed-Income Securities* Shares or Principal Amount Market Value
ACE INA Holdings Inc. 2.875% 2022 20,000 19,657
ACE INA Holdings Inc. 3.35% 2026 20,000 19,416
ACE INA Holdings Inc. 4.35% 2045 20,000 20,501
AT&T Inc. 4.10% 2028 55,000 52,639
AXA SA, junior subordinated 5.453% (undated) 100,000 139,176
AbbVie Inc. 2.50% 2020 180,000 177,849
AbbVie Inc. 2.90% 2022 60,000 58,264
AbbVie Inc. 3.20% 2026 173,000 161,604
AbbVie Inc. 3.60% 2025 50,000 48,484
AbbVie Inc. 4.50% 2035 15,000 14,743
Abbott Laboratories 3.75% 2026 90,000 88,589
Abu Dhabi (Emirate of) 2.50% 2022 200,000 191,875
Abu Dhabi (Emirate of) 3.125% 2027 200,000 186,560
Abu Dhabi National Energy Co. PJSC (TAQA) 3.625% 2023 200,000 196,595
Aetna Inc. 2.75% 2022 50,000 48,095
Aetna Inc. 2.80% 2023 10,000 9,544
Allergan PLC 3.00% 2020 30,000 29,862
Allergan PLC 3.80% 2025 275,000 267,349
Allergan PLC 4.55% 2035 20,000 19,019
Allergan PLC 4.75% 2045 3,000 2,896
Allianz SE, 4.75% (undated) (3-month EUR-EURIBOR + 3.60% on 10/24/2023) 100,000 130,154
Altria Group, Inc. 2.625% 2020 100,000 99,475
Altria Group, Inc. 4.25% 2042 150,000 140,145
Altria Group, Inc. 4.75% 2021 150,000 155,836
Amazon.com, Inc. 2.80% 2024 170,000 162,304
Amazon.com, Inc. 3.15% 2027 95,000 91,381
American Campus Communities, Inc. 3.35% 2020 15,000 14,967
American Campus Communities, Inc. 3.75% 2023 100,000 99,541
American Campus Communities, Inc. 4.125% 2024 90,000 89,629
American Electric Power Co., Inc. 2.15% 2020 215,000 209,936
Amgen Inc. 1.85% 2021 20,000 19,140
Anheuser-Busch InBev NV 3.30% 2023 35,000 34,733
Anheuser-Busch InBev NV 3.50% 2024 340,000 338,660
Anheuser-Busch InBev NV 4.00% 2028 100,000 99,928
Apple Inc. 2.50% 2022 75,000 73,574
Apple Inc. 3.35% 2027 65,000 63,519
AstraZeneca PLC 2.375% 2022 110,000 105,907
Australia (Commonwealth of), Series 128, 5.75% 2022 1,120,000 943,179
Australia (Commonwealth of), Series 133, 5.50% 2023 425,000 360,551
Aviva PLC, subordinated 6.875% 2058 75,000 120,068
Banco Bilbao Vizcaya Argentaria SA 3.50% 2024 (5 year EURO Mid Swap + 2.55% on 04/11/2019) 100,000 119,239
Banco Nacional de Comercio Exterior SNC 3.80% 2026 (UST Yield Curve Rate T Note Constatnt Maturity 5 year + 3.0% on 08/11/2021) 200,000 192,900
Banco del Estado de Chile 2.668% 2021 500,000 487,420
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027) 394,000 371,314
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR +0.780 on 03/05/2023) 100,000 99,007
Bank of Thailand 0% 2018 3,000,000 90,017
Bank of Thailand 1.49% 2019 2,220,000 66,918
Bank of Thailand 1.50% 2019 11,780,000 355,425
Bank of Thailand 1.59% 2019 2,000,000 60,387
Barclays Bank PLC 10.00% 2021 100,000 158,391
Baxalta Inc. 4.00% 2025 80,000 78,412
Becton, Dickinson and Co. 2.894% 2022 55,000 53,232
Becton, Dickinson and Co. 3.70% 2027 65,000 61,572
Becton, Dickinson and Co. 3.734% 2024 35,000 34,218
Belgium (Kingdom of), Series 77, 1.00% 2026 675,000 826,267
Belgium (Kingdom of), Series 85, 0.80% 2028 360,000 425,043
Berkshire Hathaway Inc. 3.00% 2022 75,000 74,886
Brazil (Federative Republic of) 0% 2021 4,900 959,432
Brazil (Federative Republic of) 10.00% 2025 2,318 563,270
British American Tobacco PLC 3.557% 2027 105,000 97,841
British American Tobacco PLC 4.39% 2037 80,000 75,239
Broadcom Ltd. 3.875% 2027 190,000 179,969
CCO Holdings LLC and CCO Holdings Capital Corp. 4.20% 2028 45,000 42,194
CMS Energy Corp. 3.60% 2025 150,000 147,093
CVS Health Corp. 3.70% 2023 165,000 163,494
CVS Health Corp. 4.30% 2028 175,000 172,893
CVS Health Corp. 4.78% 2038 95,000 94,201
CVS Health Corp. 5.05% 2048 280,000 283,882
CaixaBank, SA 5.00% 2023 (5 year EURO Mid Swap + 3.95% on 11/14/2018) 100,000 118,773
Canada 1.00% 2022 300,000 218,811
Canada 2.25% 2025 2,200,000 1,685,732
Cenovus Energy Inc. 4.25% 2027 65,000 62,698
Chile (Republic of) 5.50% 2020 50,000,000 79,539
Colombia (Republic of) 4.375% 2021 200,000 204,450
Core Industrial Trust, Series 2015-CALW, Class A, 3.04% 2034 50,000 49,651
Corporate Office Properties LP 3.60% 2023 65,000 62,949
DaimlerChrysler North America Holding Corp. 2.00% 2021 200,000 191,450
Deutsche Telekom International Finance BV 1.95% 2021 150,000 143,095
Deutsche Telekom International Finance BV 9.25% 2032 45,000 64,507
Duke Energy Carolinas, Inc. 3.05% 2023 280,000 276,796
Duke Energy Carolinas, Inc. 3.70% 2047 50,000 46,627
Duke Energy Corp. 2.65% 2026 225,000 202,943
Duke Energy Corp. 3.75% 2024 110,000 109,714
EMD Finance LLC 2.40% 2020 200,000 197,292
EMD Finance LLC 3.25% 2025 150,000 143,599
El Paso Pipeline Partners Operating Co., LLC 4.70% 2042 75,000 66,704
Enbridge Inc. 3.70% 2027 132,000 125,273
Enbridge Inc. 4.25% 2026 70,000 69,462
Enel Finance International SA 2.75% 2023 200,000 186,261
Enel Finance International SA 3.50% 2028 400,000 360,009
Enel Finance International SA 3.625% 2027 200,000 183,215
Energy Transfer Partners, LP 4.00% 2027 67,000 62,706
Energy Transfer Partners, LP 4.20% 2027 15,000 14,150
Energy Transfer Partners, LP 6.00% 2048 20,000 20,005
Enersis Américas SA 4.00% 2026 110,000 105,061
Essex Portfolio LP 3.375% 2026 40,000 38,027
Essex Portfolio LP 3.50% 2025 120,000 115,986
European Financial Stability Facility 0.40% 2025 425,000 498,220
European Financial Stability Facility 0.95% 2028 300,000 357,646
European Investment Bank 2.25% 2022 225,000 219,814
Exelon Corp. 3.40% 2026 150,000 142,658
Exelon Corp. 3.497% 2022 25,000 24,752
FED HM LN BK BD 7/20/2018 3,200,000 3,197,152
Fannie Mae 3.50% 2048 450,000 447,782
Fannie Mae 4.00% 2048 517,991 528,088
Fannie Mae 4.00% 2048 1,219,453 1,241,460
Fannie Mae 4.00% 2048 342,556 348,430
Fannie Mae 4.50% 2048 83,233 86,675
Fannie Mae 4.50% 2048 547,270 568,872
Fannie Mae 4.50% 2048 594,497 617,034
FirstEnergy Corp. 3.50% 2028 65,000 61,743
FirstEnergy Corp. 3.90% 2027 250,000 242,892
FirstEnergy Corp. 4.85% 2047 60,000 61,538
France Telecom 5.375% 2050 50,000 90,430
France Télécom 9.00% 2031 65,000 89,345
Freddie Mac 3.50% 2048 300,000 298,351
French Republic O.A.T. 2.00% 2048 150,000 194,537
French Republic O.A.T. 3.25% 2045 100,000 164,027
General Electric Capital Corp. 3.15% 2022 50,000 49,003
Germany (Federal Republic of) 0.50% 2026 200,000 241,426
Germany (Federal Republic of) 0.50% 2028 760,000 903,732
Germany (Federal Republic of) 1.25% 2048 550,000 680,101
Germany (Federal Republic of) 1.75% 2024 300,000 388,963
Germany (Federal Republic of) 2.25% 2021 60,000 76,344
Germany (Federal Republic of) 2.50% 2046 525,000 842,314
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR +0.990 on 07/24/2022) 130,000 125,294
Goldman Sachs Group, Inc. 3.20% 2023 150,000 146,274
Goldman Sachs Group, Inc. 3.50% 2025 210,000 202,910
Goldman Sachs Group, Inc. 3.75% 2026 25,000 24,254
Goldman Sachs Group, Inc. 4.75% 2045 70,000 69,397
Goldman Sachs Group, Inc. 5.75% 2022 70,000 74,919
Government National Mortgage Assn. 4.00% 2048 95,906 98,279
Government National Mortgage Assn. 4.00% 2048 74,094 75,818
Groupe BPCE SA 5.70% 2023 200,000 209,390
HSBC Holdings PLC 3.033% 2023 (3-month USD-LIBOR +0.923 on 11/12/2022) 200,000 193,105
HSBC Holdings PLC 3.375% 2024 (5 year EURO Mid Swap + 1.95% on 01/10/2019) 100,000 118,731
HSBC Holdings PLC 3.90% 2026 200,000 195,697
Halliburton Co. 3.80% 2025 35,000 34,803
Humana Inc. 3.15% 2022 100,000 97,407
Hyundai Capital America 2.55% 2020 135,000 132,721
Hyundai Capital America 3.25% 2022 65,000 63,277
Hyundai Capital Services Inc. 3.75% 2023 250,000 246,284
India (Republic of) 6.97% 2026 74,000,000 1,013,982
India (Republic of) 7.35% 2024 10,000,000 140,991
India (Republic of) 7.68% 2023 36,900,000 530,651
India (Republic of) 7.80% 2021 39,200,000 573,053
India (Republic of) 8.83% 2023 10,400,000 157,567
Indonesia (Republic of) 3.75% 2022 410,000 406,556
Indonesia (Republic of) 3.85% 2027 400,000 380,156
Intesa Sanpaolo SpA 6.625% 2023 125,000 170,739
Ireland (Republic of) 0.90% 2028 900,000 1,060,072
Ireland (Republic of) 1.00% 2026 500,000 606,194
Ireland (Republic of) 2.40% 2030 30,000 40,529
Ireland (Republic of) 3.40% 2024 50,000 69,350
Israel (State of) 2.00% 2027 2,100,000 574,822
Israel (State of) 3.15% 2023 400,000 396,254
Israel (State of) 5.50% 2042 1,000,000 390,541
Italy (Republic of) 0.95% 2023 150,000 169,178
Italy (Republic of) 1.45% 2022 300,000 348,565
Italy (Republic of) 2.05% 2027 600,000 668,744
Italy (Republic of) 4.50% 2024 200,000 263,798
Italy (Republic of) 4.75% 2023 100,000 133,228
JP MORGAN CHASE BANK NA 300,000 300,152
JPMorgan Chase & Co. 2.55% 2021 76,000 74,502
JPMorgan Chase & Co. 2.70% 2023 150,000 144,048
JPMorgan Chase & Co. 3.25% 2022 28,000 27,748
JPMorgan Chase & Co., Series-S, junior subordinated, perpetual, 6.75% (undated) (3-month USD-LIBOR + 3.78% on 02/01/2024) 135,000 146,981
Japan, Series 115, 0.20% 2018 5,000,000 45,194
Japan, Series 134, 0.10% 2022 95,000,000 866,258
Japan, Series 145, 1.70% 2033 150,000,000 1,638,969
Japan, Series 161, 0.60% 2037 190,000,000 1,759,774
Japan, Series 17, 0.10% 2023 10,410,000 97,739
Japan, Series 18, 0.10% 2024 20,680,000 194,538
Japan, Series 19, 0.10% 2024 30,180,000 285,540
Japan, Series 21, 0.10% 2026 40,291,600 383,794
Japan, Series 21, 2.30% 2035 20,000,000 238,903
Japan, Series 22, 0.10% 2027 25,255,500 241,367
Japan, Series 337, 0.30% 2024 205,000,000 1,896,850
Japan, Series 340, 0.40% 2025 20,000,000 186,652
Japan, Series 344, 0.10% 2026 70,000,000 638,914
Japan, Series 346, 0.10% 2027 435,600,000 3,971,795
Japan, Series 36, 2.00% 2042 10,000,000 118,073
Japan, Series 42, 1.70% 2044 75,000,000 846,872
Japan, Series 53, 0.60% 2046 10,000,000 88,221
Japan, Series 57, 0.80% 2047 25,000,000 231,374
KfW 2.125% 2022 250,000 243,490
Kinder Morgan Energy Partners, LP 3.50% 2021 30,000 29,964
Kinder Morgan Energy Partners, LP 5.50% 2044 200,000 199,187
Kinder Morgan, Inc. 4.30% 2028 150,000 145,606
Korea Housing Finance Corp. 2.00% 2021 250,000 237,862
Korea Housing Finance Corp. 2.50% 2020 250,000 244,400
Kraft Heinz Co. 3.50% 2022 100,000 99,156
Kroger Co. 3.50% 2026 140,000 133,286
Kuwait (State of) 2.75% 2022 200,000 195,102
Lima Metro Line Finance Ltd. 5.875% 2034 200,000 204,520
Lithuania (Republic of) 7.375% 2020 100,000 106,850
Lloyds Banking Group PLC 6.50% 2020 210,000 270,806
MIZUHO CORPORATE BANK/NY 4(2) CP 7/2/2018 6,500,000 6,498,954
Malaysia (Federation of), Series 0115, 3.955% 2025 2,500,000 607,439
Malaysia (Federation of), Series 0116, 3.80% 2023 5,000,000 1,226,637
Malaysia (Federation of), Series 0212, 3.892% 2027 167,000 39,870
Malaysia (Federation of), Series 0215, 3.795% 2022 400,000 98,909
Malaysia (Federation of), Series 0310, 4.498% 2030 1,600,000 392,128
Malaysia (Federation of), Series 0314, 4.048% 2021 350,000 87,516
Malaysia (Federation of), Series 0315, 3.659% 2020 58,000 14,384
Malaysia (Federation of), Series 0316, 3.90% 2026 2,033,000 487,678
Malaysia (Federation of), Series 0511, 3.58% 2018 293,000 72,570
Malaysia (Federation of), Series 0515, 3.759% 2019 550,000 136,517
Maple Escrow 4.597% 2028 175,000 175,919
Maple Escrow 5.085% 2048 100,000 101,129
McDonald's Corp. 3.50% 2020 50,000 50,468
McDonald's Corp. 3.80% 2028 110,000 109,695
Medtronic, Inc. 3.50% 2025 100,000 99,010
Microsoft Corp. 2.40% 2026 297,000 274,937
Microsoft Corp. 3.30% 2027 355,000 350,751
Monsanto Co. 4.40% 2044 100,000 92,925
Morgan Stanley 3.125% 2026 110,000 102,396
Morgan Stanley 3.875% 2026 75,000 73,875
Morocco (Kingdom of) 4.25% 2022 200,000 200,118
Myriad International Holdings 5.50% 2025 250,000 257,782
Myriad International Holdings 6.00% 2020 250,000 261,710
NBCUniversal Media, LLC 4.375% 2021 50,000 51,327
NN Group NV, 4.50% (undated) (3-month EUR-LIBOR + 4.00% on 01/15/2026) 100,000 120,853
National Highways Authority of India 7.17% 2021 30,000,000 420,921
Netherlands (Kingdom of the) 5.50% 2028 100,000 173,374
NiSource Finance Corp. 2.65% 2022 50,000 48,364
Niagara Mohawk Power Corp. 3.508% 2024 85,000 85,011
Nissan Motor Co., Ltd. 2.15% 2020 120,000 116,945
Nissan Motor Co., Ltd. 2.60% 2022 115,000 110,468
Norway (Kingdom of) 3.75% 2021 2,200,000 290,534
Nykredit Realkredit AS, Series 01E, 1.50% 2040 6,700,000 1,045,439
Nykredit Realkredit AS, Series 01E, 2.00% 2037 3,209,885 523,874
ONTARIO (PROVINCE OF) CP 7/5/2018 1,500,000 1,499,525
Oracle Corp. 2.65% 2026 216,000 199,344
Orange SA 2.75% 2019 140,000 139,927
PNC Financial Services Group, Inc. 2.854% 2022 100,000 97,355
Pacific Gas and Electric Co. 2.95% 2026 25,000 22,337
Pacific Gas and Electric Co. 3.30% 2027 275,000 247,325
Pacific Gas and Electric Co. 3.85% 2023 70,000 69,076
Pacific Gas and Electric Co. 4.25% 2046 49,000 43,707
Pacific Gas and Electric Co. 6.35% 2038 21,000 22,668
Pernod Ricard SA 4.45% 2022 150,000 154,317
Peru (Republic of) 5.625% 2050 20,000 23,275
Peru (Republic of) 6.15% 2032 3,275,000 1,025,468
Petróleos Mexicanos 6.35% 2048 357,000 324,870
Petróleos Mexicanos 6.50% 2027 130,000 133,153
Philip Morris International Inc. 2.00% 2020 55,000 54,127
Philip Morris International Inc. 2.625% 2022 15,000 14,625
Philip Morris International Inc. 2.90% 2021 100,000 98,476
Philip Morris International Inc. 4.25% 2044 25,000 23,722
Phillips 66 Partners LP 4.68% 2045 5,000 4,701
Poland (Republic of), Series 0725, 3.25% 2025 4,950,000 1,345,255
Poland (Republic of), Series 0922, 5.75% 2022 870,000 264,531
Poland (Republic of), Series 1020, 5.25% 2020 2,850,000 822,286
Poland (Republic of), Series 1021, 5.75% 2021 2,670,000 798,473
Poland (Republic of), Series 1023, 4.00% 2023 2,800,000 801,394
Portuguese Republic 2.125% 2028 60,000 72,320
Portuguese Republic 2.875% 2025 600,000 780,282
Portuguese Republic 2.875% 2026 245,000 316,981
Portuguese Republic 5.125% 2024 250,000 259,533
President & Fellows of Harvard College 3.619% 2037 150,000 149,913
Qatar (State of) 4.50% 2028 900,000 909,986
Quebec (Province of) 2.375% 2022 114,000 111,549
Rabobank Nederland 3.875% 2023 100,000 132,737
Realkredit Danmark AS, Series S22, 1.50% 2040 1,500,000 234,112
Red de Carreteras de Occidente 9.00% 2028 2,000,000 97,356
Reynolds American Inc. 4.00% 2022 15,000 15,107
Reynolds American Inc. 4.45% 2025 105,000 105,677
Roche Holdings, Inc. 3.35% 2024 200,000 198,845
Romania 3.375% 2038 80,000 88,592
Romania 5.40% 2048 150,000 145,118
SUMITOMO MITSUI BANKING 4(2) CP 7/17/2018 1,900,000 1,898,134
SUMITOMO MITSUI BANKING 4(2) CP 7/23/2018 4,300,000 4,294,311
SWEDBANK AB CP 7/2/2018 3,600,000 3,599,445
Saudi Arabia (Kingdom of) 2.894% 2022 200,000 194,745
Saudi Arabia (Kingdom of) 3.625% 2028 200,000 190,604
Saudi Arabia (Kingdom of) 4.50% 2030 240,000 240,185
Scentre Group 3.75% 2027 20,000 19,232
Schlumberger BV 4.00% 2025 80,000 79,835
Shire PLC 2.40% 2021 153,000 146,576
Shire PLC 2.875% 2023 69,000 64,959
Shire PLC 3.20% 2026 25,000 22,942
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series T, 3.375% 2023 100,000 99,604
Skandinaviska Enskilda Banken AB 2.80% 2022 250,000 243,679
South Africa (Republic of), Series R-2023, 7.75% 2023 1,950,000 139,585
South Africa (Republic of), Series R-214, 6.50% 2041 8,050,000 418,773
South Korea (Republic of), Series 2106, 4.25% 2021 262,000,000 249,119
South Korea (Republic of), Series 2203, 1.875% 2022 260,000,000 230,262
South Korea (Republic of), Series 2209, 2.00% 2022 945,000,000 837,901
South Korea (Republic of), Series 2303, 2.375% 2023 220,000,000 197,711
South Korea (Republic of), Series 2712, 2.375% 2027 1,205,000,000 1,066,121
Spain (Kingdom of) 1.40% 2028 270,000 317,563
Spain (Kingdom of) 2.70% 2048 600,000 729,192
Spain (Kingdom of) 2.90% 2046 130,000 165,779
State Grid Overseas Investment Ltd. 3.50% 2027 450,000 429,845
Statoil ASA 3.15% 2022 160,000 160,229
Statoil ASA 3.70% 2024 50,000 50,479
Sweden (Kingdom of) 1.125% 2019 200,000 196,356
Thailand (Kingdom of) 1.875% 2022 14,100,000 424,036
Thailand (Kingdom of) 2.125% 2026 28,300,000 824,725
Thailand (Kingdom of) 3.85% 2025 7,300,000 241,105
Thomson Reuters Corp. 4.30% 2023 75,000 76,595
Time Warner Inc. 4.75% 2021 150,000 154,845
Total Capital International 2.875% 2022 150,000 148,623
Toyota Motor Credit Corp. 2.25% 2023 85,000 80,084
U.S. Treasury 1.00% 2019 1,000,000 980,490
U.S. Treasury 1.125% 2021 1,025,000 979,429
U.S. Treasury 1.25% 2019 50,000 49,727
U.S. Treasury 1.375% 2018 150,000 149,942
U.S. Treasury 1.375% 2020 900,000 880,524
U.S. Treasury 1.375% 2021 550,000 530,772
U.S. Treasury 1.375% 2023 300,000 280,902
U.S. Treasury 1.50% 2018 100,000 99,934
U.S. Treasury 1.50% 2020 350,000 342,426
U.S. Treasury 1.625% 2019 1,075,000 1,067,271
U.S. Treasury 1.625% 2019 300,000 297,573
U.S. Treasury 1.625% 2022 2,850,000 2,728,704
U.S. Treasury 1.625% 2026 535,000 490,622
U.S. Treasury 1.625% 2026 440,000 402,226
U.S. Treasury 1.75% 2019 600,000 595,020
U.S. Treasury 1.75% 2020 1,600,000 1,567,472
U.S. Treasury 1.75% 2023 100,000 95,513
U.S. Treasury 1.875% 2022 700,000 680,890
U.S. Treasury 1.875% 2022 600,000 580,752
U.S. Treasury 2.00% 2021 108,000 105,720
U.S. Treasury 2.00% 2022 75,000 73,257
U.S. Treasury 2.00% 2022 455,000 441,527
U.S. Treasury 2.00% 2022 500,000 485,355
U.S. Treasury 2.00% 2024 750,000 718,140
U.S. Treasury 2.125% 2020 200,000 198,194
U.S. Treasury 2.125% 2024 2,025,000 1,948,496
U.S. Treasury 2.125% 2024 500,000 480,480
U.S. Treasury 2.125% 2025 200,000 191,302
U.S. Treasury 2.25% 2024 200,000 193,440
U.S. Treasury 2.25% 2027 2,800,000 2,662,660
U.S. Treasury 2.25% 2027 700,000 667,548
U.S. Treasury 2.25% 2027 500,000 474,860
U.S. Treasury 2.375% 2023 2,000,000 1,969,580
U.S. Treasury 2.375% 2027 1,500,000 1,443,255
U.S. Treasury 2.50% 2020 420,000 419,782
U.S. Treasury 2.50% 2045 315,000 286,537
U.S. Treasury 2.625% 2023 800,000 796,552
U.S. Treasury 2.75% 2023 650,000 650,384
U.S. Treasury 2.75% 2023 420,000 420,370
U.S. Treasury 2.875% 2028 2,170,000 2,172,713
U.S. Treasury 2.875% 2046 500,000 488,575
U.S. Treasury 3.00% 2044 355,000 355,614
U.S. Treasury 3.00% 2045 100,000 100,155
U.S. Treasury 3.125% 2019 225,000 226,517
U.S. Treasury 3.125% 2048 200,000 205,160
U.S. Treasury Inflation-Protected Security 0.125% 2022 217,406 212,933
U.S. Treasury Inflation-Protected Security 0.125% 2024 791,483 769,400
U.S. Treasury Inflation-Protected Security 0.25% 2025 856,940 833,487
U.S. Treasury Inflation-Protected Security 0.375% 2025 237,749 233,553
U.S. Treasury Inflation-Protected Security 0.375% 2027 1,711,611 1,662,906
U.S. Treasury Inflation-Protected Security 0.375% 2027 220,240 214,243
U.S. Treasury Inflation-Protected Security 0.50% 2028 1,625,392 1,589,938
U.S. Treasury Inflation-Protected Security 0.625% 2024 1,798,833 1,796,556
U.S. Treasury Inflation-Protected Security 0.625% 2026 843,664 839,102
U.S. Treasury Inflation-Protected Security 1.375% 2044 510,711 569,853
U.S. Treasury Inflation-Protected Security 2.375% 2025 66,468 73,700
US Bancorp 2.85% 2023 300,000 293,835
UniCredit SPA 4.625% 2027 200,000 186,196
Union Pacific Corp. 2.95% 2023 100,000 97,744
Union Pacific Corp. 4.50% 2048 20,000 20,263
United Kingdom 1.50% 2047 320,000 399,351
United Kingdom 1.75% 2022 280,000 382,371
United Kingdom 2.75% 2024 400,000 580,210
United Kingdom 3.25% 2044 250,000 430,450
United Kingdom 3.50% 2045 150,000 270,726
United Kingdom 3.75% 2020 75,000 105,566
United Kingdom 4.25% 2027 50,000 83,347
United Kingdom 4.25% 2040 50,000 96,772
United Mexican States 3.75% 2028 200,000 189,350
United Mexican States 4.00% 2040 14,849 77,890
United Mexican States 4.15% 2027 200,000 197,400
United Mexican States 4.60% 2046 200,000 184,500
United Mexican States, Series M, 5.75% 2026 300,000 1,350,300
United Mexican States, Series M, 6.50% 2021 90,000 439,164
United Mexican States, Series M, 6.50% 2022 85,000 410,965
United Mexican States, Series M, 7.75% 2042 16,203 82,280
United Mexican States, Series M, 8.00% 2020 20,000 101,326
United Mexican States, Series M20, 10.00% 2024 93,000 526,324
United Mexican States, Series M30, 10.00% 2036 25,000 155,262
United Technologies Corp. 3.10% 2022 106,000 104,738
Uruguay (Oriental Republic of) 8.50% 2028 9,188,000 253,252
Uruguay (Oriental Republic of) 8.50% 2028 6,000,000 165,380
Uruguay (Oriental Republic of) 9.875% 2022 3,334,000 105,523
VEB Finance Ltd. 6.902% 2020 100,000 103,928
VERIZON COMMUNICATIONS INC 4.329% 09-21-28 120,000 119,172
Vale SA 6.25% 2026 75,000 81,413
Verizon Communications Inc. 4.272% 2036 248,000 229,324
Verizon Communications Inc. 4.50% 2033 90,000 87,431
WEA Finance LLC 2.70% 2019 200,000 199,201
WEA Finance LLC 3.75% 2024 200,000 197,668
WI TREASURY NOTE 2.75% 06-30-25 800,000 796,312
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR +1.310 on 05/15/2027) 100,000 95,884
Williams Partners LP 4.00% 2025 75,000 73,394
Williams Partners LP 4.30% 2024 100,000 100,441
Williams Partners LP 4.50% 2023 100,000 101,603

For financial professionals only. Not for use with the public. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses for the American Funds and the American Funds Insurance Series® , which can be obtained from a financial professional and should be read carefully before investing.

*Excludes certain securities in initial period of acquisition.