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

Portfolio Holdings

American Funds Insurance Series - Global Balanced Fund

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

Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
ABN AMRO Group NV, depository receipts 31,000 844,025 0.21
AIA Group Ltd. 250,000 2,232,271 0.56
ASML Holding NV 30,000 5,604,388 1.41
ASSA ABLOY AB, Class B 66,000 1,326,698 0.33
Accor SA 20,800 1,067,906 0.27
Alphabet Inc., Class C 1,705 2,034,866 0.51
Amazon.com, Inc. 2,500 5,007,500 1.26
Amphenol Corp., Class A 24,000 2,256,480 0.57
AstraZeneca PLC 26,600 2,067,398 0.52
Axel Springer SE 23,300 1,567,690 0.39
B3 SA - Brasil, Bolsa, Balcao 376,000 2,178,604 0.55
BAE Systems PLC 170,000 1,395,498 0.35
BNP Paribas SA 18,200 1,113,821 0.28
Bank Central Asia Tbk PT 1,080,000 1,750,294 0.44
BlackRock, Inc. 3,434 1,618,547 0.41
Boeing Co. 15,250 5,671,475 1.43
Boral Ltd. 185,000 924,055 0.23
British American Tobacco PLC 78,900 3,686,237 0.93
Broadcom Inc. 15,150 3,737,960 0.94
Carl Zeiss Meditec AG, non-registered shares 19,500 1,641,434 0.41
Caterpillar Inc. 12,000 1,829,880 0.46
Chevron Corp. 10,000 1,222,800 0.31
Coca-Cola Co. 29,000 1,339,510 0.34
Coca-Cola European Partners plc 48,000 2,182,560 0.55
Coca-Cola FEMSA, SAB de CV, Series L 150,000 915,838 0.23
ConocoPhillips 56,006 4,334,864 1.09
Credicorp Ltd. 10,050 2,241,954 0.56
Croda International PLC 13,100 888,218 0.22
Cummins Inc. 8,000 1,168,560 0.29
Daito Trust Construction Co., Ltd. 11,000 1,414,936 0.36
DowDuPont Inc. 40,738 2,619,861 0.66
ENN Energy Holdings Ltd. 232,000 2,015,239 0.51
Edenred SA 65,000 2,477,623 0.62
Enbridge Inc. 16,157 521,367 0.13
Enbridge Inc. 51,117 1,649,484 0.42
Enel Américas SA (ADR) 197,000 1,522,810 0.38
Equinix, Inc. REIT 4,240 1,835,454 0.46
Express Scripts Holding Co. 13,600 1,292,136 0.33
Fisher & Paykel Healthcare Corp. Ltd. 204,000 2,035,082 0.51
Flughafen Zürich AG 12,235 2,473,430 0.62
GLP J-REIT REIT 1,432 1,392,677 0.35
Gaming and Leisure Properties, Inc. REIT 59,720 2,105,130 0.53
General Electric Co. 57,000 643,530 0.16
General Motors Co. 45,000 1,515,150 0.38
Gilead Sciences, Inc. 14,000 1,080,940 0.27
Grupo Financiero Galicia SA, Class B (ADR) 18,500 470,455 0.12
HDFC Bank Ltd. (ADR) 21,605 2,033,031 0.51
HSBC Holdings PLC 539,633 4,711,090 1.19
Hamamatsu Photonics KK 19,000 756,689 0.19
Home Depot, Inc. 9,000 1,864,350 0.47
Humana Inc. 20,830 7,051,372 1.77
Intel Corp. 35,000 1,655,150 0.42
International Consolidated Airlines Group, SA (CDI) 120,000 1,032,606 0.26
JPMorgan Chase & Co. 48,270 5,446,787 1.37
Keyence Corp. 4,400 2,555,114 0.64
Koninklijke DSM NV 12,000 1,271,210 0.32
LUKOIL Oil Co. PJSC (ADR) 39,800 3,052,660 0.77
LVMH Moët Hennessy-Louis Vuitton SE 6,100 2,157,301 0.54
Linde AG, non-registered shares 8,900 2,104,902 0.53
Link Real Estate Investment Trust REIT 211,697 2,083,613 0.52
Lockheed Martin Corp. 3,080 1,065,557 0.27
LyondellBasell Industries NV 12,000 1,230,120 0.31
MTU Aero Engines AG 9,000 2,028,238 0.51
Medtronic PLC 15,000 1,475,550 0.37
Merck & Co., Inc. 66,870 4,743,758 1.19
Mettler-Toledo International Inc. 3,500 2,131,430 0.54
Microsoft Corp. 51,000 5,832,870 1.47
Nestlé SA 45,300 3,776,692 0.95
Nintendo Co., Ltd. 21,300 7,772,382 1.96
Nokian Renkaat Oyj 33,634 1,378,101 0.35
Northrop Grumman Corp. 3,450 1,094,927 0.28
Novartis AG 11,800 1,014,795 0.26
Ocado Group PLC 259,500 3,041,385 0.77
Occidental Petroleum Corp. 21,500 1,766,655 0.44
PagSeguro Digital Ltd., Class A 220,528 6,102,010 1.54
Peugeot SA 52,500 1,415,988 0.36
Philip Morris International Inc. 50,800 4,142,232 1.04
Power Assets Holdings Ltd. 120,500 838,906 0.21
Procter & Gamble Co. 11,000 915,530 0.23
Randgold Resources Ltd. 25,000 1,775,883 0.45
Reliance Industries Ltd. 121,000 2,099,765 0.53
Rio Tinto PLC 18,000 910,295 0.23
Royal Dutch Shell PLC, Class B 130,700 4,580,829 1.15
Ryanair Holdings PLC (ADR) 20,600 1,978,424 0.50
Sberbank of Russia PJSC (ADR) 123,000 1,559,640 0.39
Schlumberger Ltd. 20,400 1,242,768 0.31
Société Générale 17,000 729,708 0.18
TOTAL SA 45,200 2,930,453 0.74
Taiwan Semiconductor Manufacturing Co., Ltd. 732,000 6,293,191 1.58
Temenos AG 25,000 4,055,431 1.02
Teva Pharmaceutical Industries Ltd. (ADR) 50,000 1,077,000 0.27
The Chemours Co. 3,200 126,208 0.03
TravelSky Technology Ltd., Class H 860,000 2,235,592 0.56
UnitedHealth Group Inc. 5,285 1,406,021 0.35
Visa Inc., Class A 14,600 2,191,314 0.55
Walgreens Boots Alliance, Inc. 20,000 1,458,000 0.37
Wells Fargo & Co. 47,900 2,517,624 0.63
WestRock Co. 24,570 1,313,021 0.33
Wynn Resorts, Ltd. 13,000 1,651,780 0.42
bioMérieux SA 10,425 869,063 0.22
Ørsted AS 33,800 2,295,994 0.58
Fixed-Income Securities* Shares or Principal Amount Market Value
ACE INA Holdings Inc. 2.875% 2022 20,000 19,585
ACE INA Holdings Inc. 3.35% 2026 20,000 19,450
ACE INA Holdings Inc. 4.35% 2045 20,000 20,440
AT&T Inc. 4.10% 2028 55,000 53,405
AXA SA, junior subordinated 5.453% (undated) 100,000 138,483
AbbVie Inc. 2.50% 2020 180,000 178,029
AbbVie Inc. 2.90% 2022 60,000 58,334
AbbVie Inc. 3.20% 2026 73,000 68,063
AbbVie Inc. 4.50% 2035 15,000 14,433
Abbott Laboratories 3.75% 2026 90,000 89,873
Abu Dhabi (Emirate of) 2.50% 2022 200,000 192,835
Abu Dhabi (Emirate of) 3.125% 2027 200,000 189,456
Abu Dhabi National Energy Co. PJSC (TAQA) 3.625% 2023 200,000 197,000
Aetna Inc. 2.75% 2022 50,000 48,260
Aetna Inc. 2.80% 2023 10,000 9,591
Allergan PLC 3.00% 2020 30,000 29,975
Allergan PLC 3.80% 2025 173,000 169,582
Allergan PLC 4.75% 2045 3,000 2,923
Allianz SE, 4.75% (undated) (3-month EUR-EURIBOR + 3.60% on 10/24/2023) 100,000 131,157
Altria Group, Inc. 2.625% 2020 100,000 99,435
Altria Group, Inc. 4.25% 2042 150,000 139,277
Amazon.com, Inc. 2.80% 2024 170,000 164,383
Amazon.com, Inc. 3.15% 2027 95,000 91,154
American Campus Communities, Inc. 3.35% 2020 15,000 14,960
American Campus Communities, Inc. 3.75% 2023 100,000 98,897
American Campus Communities, Inc. 4.125% 2024 90,000 89,394
American Electric Power Co., Inc. 2.15% 2020 215,000 210,515
Amgen Inc. 1.85% 2021 20,000 19,204
Anheuser-Busch InBev NV 3.30% 2023 35,000 34,588
Anheuser-Busch InBev NV 3.50% 2024 340,000 336,780
Anheuser-Busch InBev NV 4.00% 2028 100,000 98,707
Apple Inc. 2.50% 2022 75,000 73,374
Apple Inc. 3.35% 2027 65,000 63,617
AstraZeneca PLC 2.375% 2022 110,000 105,730
AstraZeneca PLC 3.50% 2023 150,000 148,697
Australia (Commonwealth of), Series 128, 5.75% 2022 1,120,000 915,585
Australia (Commonwealth of), Series 133, 5.50% 2023 425,000 350,416
Aviva PLC, subordinated 6.875% 2058 75,000 114,945
BANK OF TOKYO MIT UFJ NEW YORK CP 10/4/2018 5,000,000 4,998,180
Banco Bilbao Vizcaya Argentaria SA 3.50% 2024 (5 year EURO Mid Swap + 2.55% on 4/11/2019) 100,000 117,777
Banco Nacional de Comercio Exterior SNC 3.80% 2026 (UST Yield Curve Rate T Note Constant Maturity 5 year + 3.00% on 8/11/2021) 200,000 195,750
Banco del Estado de Chile 2.668% 2021 500,000 488,767
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027) 394,000 369,995
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023) 100,000 98,888
Bank of Thailand 0% 2018 3,000,000 92,570
Bank of Thailand 1.49% 2019 2,220,000 68,488
Bank of Thailand 1.50% 2019 11,780,000 364,105
Barclays Bank PLC 10.00% 2021 100,000 154,223
Baxalta Inc. 4.00% 2025 20,000 19,809
Bayer US Finance II LLC 3.875% 2023 200,000 198,842
Bayer US Finance II LLC 4.40% 2044 100,000 89,148
Becton, Dickinson and Co. 2.894% 2022 55,000 53,512
Becton, Dickinson and Co. 3.70% 2027 65,000 62,256
Becton, Dickinson and Co. 3.734% 2024 35,000 34,315
Belgium (Kingdom of), Series 77, 1.00% 2026 135,000 161,998
Belgium (Kingdom of), Series 85, 0.80% 2028 360,000 416,745
Berkshire Hathaway Inc. 3.00% 2022 75,000 74,541
Brazil (Federative Republic of) 0% 2021 4,900 936,248
Brazil (Federative Republic of) 10.00% 2025 1,618 378,013
British American Tobacco PLC 3.557% 2027 105,000 97,909
British American Tobacco PLC 4.39% 2037 80,000 74,572
Broadcom Ltd. 3.875% 2027 190,000 179,503
CMS Energy Corp. 3.60% 2025 150,000 145,756
CVS Health Corp. 4.30% 2028 85,000 84,323
CVS Health Corp. 4.78% 2038 70,000 69,673
CVS Health Corp. 5.05% 2048 215,000 220,496
CaixaBank, SA 5.00% 2023 (5 year EURO Mid Swap + 3.95% on 11/14/2018) 100,000 116,814
Canada 1.00% 2022 300,000 221,073
Canada 2.25% 2025 2,200,000 1,688,634
Cenovus Energy Inc. 4.25% 2027 65,000 62,918
Chile (Republic of) 5.50% 2020 50,000,000 78,441
Cigna Corp. 4.125% 2025 80,000 79,866
Cigna Corp. 4.375% 2028 120,000 119,824
Colombia (Republic of) 4.375% 2021 200,000 203,950
Core Industrial Trust, Series 2015-CALW, Class A, 3.04% 2034 47,434 46,976
Corporate Office Properties LP 3.60% 2023 65,000 62,883
DaimlerChrysler North America Holding Corp. 2.00% 2021 200,000 192,065
Deutsche Telekom International Finance BV 1.95% 2021 150,000 143,434
Deutsche Telekom International Finance BV 9.25% 2032 45,000 65,228
Duke Energy Carolinas, Inc. 3.05% 2023 280,000 275,669
Duke Energy Carolinas, Inc. 3.70% 2047 50,000 45,539
Duke Energy Corp. 2.65% 2026 225,000 203,684
Duke Energy Corp. 3.75% 2024 110,000 110,241
Duke Energy Progress, LLC 3.70% 2028 75,000 74,441
EMD Finance LLC 2.40% 2020 200,000 197,376
EMD Finance LLC 3.25% 2025 150,000 142,970
El Paso Pipeline Partners Operating Co., LLC 4.70% 2042 75,000 70,657
Enbridge Inc. 3.70% 2027 132,000 127,657
Enbridge Inc. 4.25% 2026 70,000 70,533
Enel Finance International SA 2.75% 2023 200,000 187,049
Enel Finance International SA 3.50% 2028 400,000 352,606
Enel Finance International SA 3.625% 2027 200,000 181,380
Energy Transfer Partners, LP 4.00% 2027 67,000 63,699
Energy Transfer Partners, LP 4.20% 2027 15,000 14,508
Energy Transfer Partners, LP 6.00% 2048 20,000 21,368
Enersis Américas SA 4.00% 2026 110,000 104,995
Essex Portfolio LP 3.375% 2026 40,000 37,937
Essex Portfolio LP 3.50% 2025 120,000 116,079
European Financial Stability Facility 0.40% 2025 425,000 492,376
European Financial Stability Facility 0.95% 2028 300,000 352,213
European Investment Bank 2.25% 2022 225,000 219,098
Exelon Corp. 3.40% 2026 150,000 143,698
Exelon Corp. 3.497% 2022 25,000 24,582
FED HM LN BK BD 10/1/2018 3,900,000 3,899,322
FED HM LN BK BD 10/17/2018 10,800,000 10,789,916
Fannie Mae 4.00% 2048 2,850,000 2,873,951
Fannie Mae 4.50% 2048 1,225,000 1,262,062
FirstEnergy Corp. 3.50% 2028 65,000 61,395
FirstEnergy Corp. 3.90% 2027 250,000 243,512
FirstEnergy Corp. 4.85% 2047 60,000 61,172
France Télécom 5.375% 2050 50,000 87,463
France Télécom 9.00% 2031 65,000 92,395
Freddie Mac 3.50% 2048 300,000 295,207
French Republic O.A.T. 2.00% 2048 150,000 188,067
French Republic O.A.T. 3.25% 2045 100,000 158,949
General Electric Capital Corp. 3.15% 2022 50,000 49,308
Germany (Federal Republic of) 0.50% 2026 200,000 237,541
Germany (Federal Republic of) 0.50% 2028 1,000,000 1,169,891
Germany (Federal Republic of) 1.25% 2048 550,000 666,480
Germany (Federal Republic of) 1.75% 2024 300,000 382,084
Germany (Federal Republic of) 2.25% 2021 60,000 75,140
Germany (Federal Republic of) 2.50% 2046 315,000 494,591
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022) 130,000 125,662
Goldman Sachs Group, Inc. 3.20% 2023 150,000 146,827
Goldman Sachs Group, Inc. 3.50% 2025 210,000 203,502
Goldman Sachs Group, Inc. 3.75% 2026 25,000 24,320
Goldman Sachs Group, Inc. 4.75% 2045 70,000 71,255
Goldman Sachs Group, Inc. 5.75% 2022 70,000 74,494
Government National Mortgage Assn. 4.00% 2048 170,000 172,666
Greece (Hellenic Republic of) 3.375% 2025 110,000 124,918
Groupe BPCE SA 5.70% 2023 200,000 208,748
HSBC Holdings PLC 3.033% 2023 (3-month USD-LIBOR + 0.923% on 11/12/2022) 200,000 193,232
HSBC Holdings PLC 3.375% 2024 (5 year EURO Mid Swap + 1.95% on 1/10/2019) 100,000 117,143
HSBC Holdings PLC 3.90% 2026 200,000 194,043
HSBC Holdings PLC 4.292% 2026 (3-month USD-LIBOR + 1.348% on 9/12/2025) 250,000 247,428
Halliburton Co. 3.80% 2025 35,000 34,742
Humana Inc. 3.15% 2022 100,000 97,952
Hyundai Capital America 2.55% 2020 135,000 132,779
Hyundai Capital America 3.25% 2022 65,000 63,052
Hyundai Capital Services Inc. 3.75% 2023 250,000 247,047
India (Republic of) 6.97% 2026 74,000,000 954,187
India (Republic of) 7.35% 2024 10,000,000 133,384
India (Republic of) 7.68% 2023 18,900,000 255,798
India (Republic of) 7.80% 2021 35,700,000 491,004
India (Republic of) 8.83% 2023 10,400,000 147,456
Indonesia (Republic of) 3.75% 2022 410,000 407,433
Indonesia (Republic of) 3.85% 2027 400,000 381,838
Intesa Sanpaolo SpA 6.625% 2023 125,000 168,525
Ireland (Republic of) 0.90% 2028 900,000 1,036,996
Ireland (Republic of) 1.00% 2026 500,000 593,868
Ireland (Republic of) 2.40% 2030 30,000 39,434
Ireland (Republic of) 3.40% 2024 50,000 67,852
Israel (State of) 2.00% 2027 2,100,000 577,577
Israel (State of) 3.15% 2023 400,000 395,684
Israel (State of) 5.50% 2042 1,000,000 391,017
Italy (Republic of) 0.95% 2023 150,000 164,899
Italy (Republic of) 1.45% 2022 300,000 339,703
Italy (Republic of) 1.45% 2025 425,000 455,647
Italy (Republic of) 2.05% 2027 250,000 270,088
Italy (Republic of) 4.50% 2024 200,000 254,955
Italy (Republic of) 4.75% 2023 100,000 128,583
JPMorgan Chase & Co. 2.55% 2021 76,000 74,657
JPMorgan Chase & Co. 2.70% 2023 150,000 144,342
JPMorgan Chase & Co. 3.25% 2022 28,000 27,698
JPMorgan Chase & Co., Series S, junior subordinated, perpetual, 6.75% (undated) (3-month USD-LIBOR + 3.78% on 2/1/2024) 135,000 147,488
JPMorgan Chase Bank NA (3-month USD-LIBOR + 0.34%) 2.675% 2021 300,000 300,340
Japan, Series 134, 0.10% 2022 95,000,000 842,393
Japan, Series 145, 1.70% 2033 150,000,000 1,568,551
Japan, Series 161, 0.60% 2037 190,000,000 1,673,569
Japan, Series 17, 0.10% 2023 10,420,000 94,552
Japan, Series 18, 0.10% 2024 20,700,000 188,198
Japan, Series 19, 0.10% 2024 30,210,000 275,325
Japan, Series 21, 0.10% 2026 40,335,600 369,549
Japan, Series 21, 2.30% 2035 20,000,000 227,772
Japan, Series 22, 0.10% 2027 25,283,000 232,084
Japan, Series 337, 0.30% 2024 132,100,000 1,185,370
Japan, Series 340, 0.40% 2025 20,000,000 180,819
Japan, Series 344, 0.10% 2026 70,000,000 618,503
Japan, Series 346, 0.10% 2027 435,600,000 3,843,654
Japan, Series 36, 2.00% 2042 10,000,000 111,549
Japan, Series 42, 1.70% 2044 75,000,000 797,481
Japan, Series 53, 0.60% 2046 45,000,000 371,343
Japan, Series 57, 0.80% 2047 25,000,000 215,979
Keurig Dr. Pepper Inc. 4.597% 2028 175,000 176,124
Keurig Dr. Pepper Inc. 5.085% 2048 100,000 102,344
KfW 2.125% 2022 250,000 242,660
Kinder Morgan Energy Partners, LP 3.50% 2021 30,000 30,099
Kinder Morgan, Inc. 4.30% 2028 150,000 148,893
Korea Housing Finance Corp. 2.00% 2021 250,000 238,520
Korea Housing Finance Corp. 2.50% 2020 250,000 245,225
Kraft Heinz Co. 3.50% 2022 100,000 99,446
Kroger Co. 3.50% 2026 140,000 134,112
Kuwait (State of) 2.75% 2022 200,000 195,647
Lima Metro Line Finance Ltd. 5.875% 2034 200,000 207,995
Lithuania (Republic of) 7.375% 2020 100,000 105,891
Lloyds Banking Group PLC 6.50% 2020 210,000 266,520
Malaysia (Federation of), Series 0115, 3.955% 2025 2,500,000 602,502
Malaysia (Federation of), Series 0116, 3.80% 2023 5,000,000 1,207,578
Malaysia (Federation of), Series 0212, 3.892% 2027 167,000 39,552
Malaysia (Federation of), Series 0215, 3.795% 2022 400,000 96,849
Malaysia (Federation of), Series 0310, 4.498% 2030 1,600,000 388,267
Malaysia (Federation of), Series 0314, 4.048% 2021 350,000 85,590
Malaysia (Federation of), Series 0315, 3.659% 2020 58,000 14,081
Malaysia (Federation of), Series 0316, 3.90% 2026 2,033,000 483,432
Malaysia (Federation of), Series 0515, 3.759% 2019 550,000 133,246
McDonald's Corp. 3.50% 2020 50,000 50,221
McDonald's Corp. 3.80% 2028 110,000 108,287
Medtronic, Inc. 3.50% 2025 100,000 99,285
Microsoft Corp. 2.40% 2026 297,000 273,996
Microsoft Corp. 3.30% 2027 355,000 348,912
Morgan Stanley 3.125% 2026 110,000 102,532
Morgan Stanley 3.875% 2026 75,000 73,755
Morocco (Kingdom of) 4.25% 2022 200,000 200,700
Myriad International Holdings 5.50% 2025 250,000 258,976
Myriad International Holdings 6.00% 2020 250,000 260,505
NBCUniversal Media, LLC 4.375% 2021 50,000 51,241
NN Group NV, 4.50% (undated) (3-month EUR-LIBOR + 4.00% on 1/15/2026) 100,000 122,648
National Highways Authority of India 7.17% 2021 30,000,000 395,083
Netherlands (Kingdom of the) 5.50% 2028 100,000 169,212
NiSource Finance Corp. 2.65% 2022 50,000 47,754
Niagara Mohawk Power Corp. 3.508% 2024 85,000 84,086
Nissan Motor Co., Ltd. 2.15% 2020 120,000 117,028
Nissan Motor Co., Ltd. 2.60% 2022 115,000 110,060
Norway (Kingdom of) 3.75% 2021 2,200,000 287,882
Nykredit Realkredit AS, Series 01E, 1.50% 2037 1,800,000 281,578
Nykredit Realkredit AS, Series 01E, 1.50% 2040 8,900,000 1,377,006
Nykredit Realkredit AS, Series 01E, 2.00% 2037 3,040,866 493,207
Oracle Corp. 2.65% 2026 216,000 200,544
Orange SA 2.75% 2019 140,000 140,051
PNC Financial Services Group, Inc. 2.854% 2022 100,000 97,072
Pacific Gas and Electric Co. 2.95% 2026 25,000 22,773
Pacific Gas and Electric Co. 3.30% 2027 150,000 137,321
Pacific Gas and Electric Co. 3.85% 2023 70,000 69,502
Pacific Gas and Electric Co. 6.35% 2038 62,000 72,607
Pacific Gas and Electric Co.4.65% 2028 114,000 114,753
Pernod Ricard SA 4.45% 2022 150,000 153,097
Peru (Republic of) 5.625% 2050 20,000 23,790
Peru (Republic of) 6.15% 2032 3,275,000 1,013,765
Petróleos Mexicanos 6.35% 2048 357,000 328,797
Petróleos Mexicanos 6.50% 2027 130,000 133,120
Philip Morris International Inc. 2.00% 2020 55,000 54,263
Philip Morris International Inc. 2.625% 2022 15,000 14,603
Philip Morris International Inc. 2.90% 2021 100,000 98,800
Philip Morris International Inc. 4.25% 2044 25,000 23,623
Poland (Republic of), Series 0725, 3.25% 2025 4,950,000 1,368,608
Poland (Republic of), Series 0922, 5.75% 2022 870,000 266,890
Poland (Republic of), Series 1020, 5.25% 2020 2,850,000 831,237
Poland (Republic of), Series 1021, 5.75% 2021 2,670,000 808,032
Poland (Republic of), Series 1023, 4.00% 2023 2,800,000 811,680
Portuguese Republic 2.875% 2025 600,000 766,691
Portuguese Republic 5.125% 2024 250,000 262,113
President & Fellows of Harvard College 3.619% 2037 150,000 145,848
Qatar (State of) 4.50% 2028 900,000 927,949
Quebec (Province of) 2.375% 2022 114,000 111,021
Rabobank Nederland 3.875% 2023 100,000 130,932
Red de Carreteras de Occidente 9.00% 2028 2,000,000 103,200
Reynolds American Inc. 4.00% 2022 15,000 15,103
Reynolds American Inc. 4.45% 2025 105,000 105,877
Roche Holdings, Inc. 3.35% 2024 200,000 198,247
Romania 3.375% 2038 80,000 87,536
Romania 5.125% 2048 150,000 147,929
SUMITOMO MITSUI BANKING CORPORATIO 4(2) CP 10/19/2018 1,500,000 1,498,085
Saudi Arabia (Kingdom of) 2.894% 2022 200,000 195,205
Saudi Arabia (Kingdom of) 3.625% 2028 200,000 191,072
Saudi Arabia (Kingdom of) 4.50% 2030 240,000 241,551
Scentre Group 3.75% 2027 20,000 19,202
Schlumberger BV 4.00% 2025 80,000 80,079
Shire PLC 2.40% 2021 153,000 147,926
Shire PLC 2.875% 2023 69,000 65,875
Shire PLC 3.20% 2026 25,000 23,112
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series T, 3.375% 2023 75,000 74,587
Skandinaviska Enskilda Banken AB 2.80% 2022 250,000 244,201
South Africa (Republic of), Series R-2023, 7.75% 2023 1,950,000 134,778
South Africa (Republic of), Series R-214, 6.50% 2041 11,550,000 569,322
South Korea (Republic of), Series 2106, 4.25% 2021 262,000,000 249,763
South Korea (Republic of), Series 2203, 1.875% 2022 260,000,000 232,619
South Korea (Republic of), Series 2209, 2.00% 2022 945,000,000 846,910
South Korea (Republic of), Series 2303, 2.375% 2023 220,000,000 199,775
South Korea (Republic of), Series 2712, 2.375% 2027 1,495,000,000 1,348,352
Spain (Kingdom of) 1.40% 2028 270,000 312,482
Spain (Kingdom of) 2.70% 2048 600,000 714,220
Spain (Kingdom of) 2.90% 2046 130,000 162,832
State Grid Overseas Investment Ltd. 3.50% 2027 450,000 429,003
Statoil ASA 3.15% 2022 160,000 159,339
Statoil ASA 3.70% 2024 50,000 50,444
Sweden (Kingdom of) 1.125% 2019 200,000 196,611
Thailand (Kingdom of) 1.875% 2022 14,100,000 430,796
Thailand (Kingdom of) 2.125% 2026 37,300,000 1,109,870
Thailand (Kingdom of) 3.85% 2025 7,300,000 244,746
Thomson Reuters Corp. 4.30% 2023 75,000 76,733
Time Warner Inc. 4.75% 2021 150,000 154,618
Total Capital International 2.875% 2022 150,000 147,894
Toyota Motor Credit Corp. 2.25% 2023 85,000 80,138
U.S. Treasury 1.00% 2019 1,000,000 981,520
U.S. Treasury 1.125% 2021 1,025,000 976,518
U.S. Treasury 1.25% 2019 50,000 49,828
U.S. Treasury 1.375% 2020 900,000 879,471
U.S. Treasury 1.375% 2021 550,000 529,073
U.S. Treasury 1.375% 2023 300,000 279,306
U.S. Treasury 1.50% 2020 350,000 341,737
U.S. Treasury 1.625% 2019 1,075,000 1,067,841
U.S. Treasury 1.625% 2019 300,000 297,651
U.S. Treasury 1.625% 2022 2,850,000 2,713,742
U.S. Treasury 1.625% 2026 440,000 398,112
U.S. Treasury 1.625% 2026 535,000 485,620
U.S. Treasury 1.75% 2019 600,000 594,726
U.S. Treasury 1.75% 2020 1,600,000 1,562,192
U.S. Treasury 1.75% 2023 100,000 94,871
U.S. Treasury 1.875% 2022 700,000 677,208
U.S. Treasury 1.875% 2022 600,000 577,380
U.S. Treasury 2.00% 2021 108,000 105,161
U.S. Treasury 2.00% 2022 500,000 482,190
U.S. Treasury 2.00% 2022 455,000 438,452
U.S. Treasury 2.00% 2022 75,000 72,848
U.S. Treasury 2.00% 2024 750,000 712,703
U.S. Treasury 2.125% 2020 200,000 197,438
U.S. Treasury 2.125% 2024 500,000 476,505
U.S. Treasury 2.125% 2024 2,025,000 1,932,599
U.S. Treasury 2.125% 2025 200,000 189,422
U.S. Treasury 2.25% 2024 200,000 191,718
U.S. Treasury 2.25% 2027 2,800,000 2,626,512
U.S. Treasury 2.25% 2027 700,000 659,001
U.S. Treasury 2.25% 2027 500,000 468,135
U.S. Treasury 2.375% 2023 2,000,000 1,954,380
U.S. Treasury 2.375% 2027 1,500,000 1,424,520
U.S. Treasury 2.50% 2020 420,000 418,034
U.S. Treasury 2.50% 2045 315,000 275,770
U.S. Treasury 2.625% 2020 100,000 99,658
U.S. Treasury 2.625% 2021 1,020,000 1,013,146
U.S. Treasury 2.625% 2023 800,000 789,840
U.S. Treasury 2.75% 2023 650,000 644,696
U.S. Treasury 2.75% 2023 101,000 100,124
U.S. Treasury 2.75% 2023 420,000 416,590
U.S. Treasury 2.75% 2025 720,000 708,610
U.S. Treasury 2.875% 2028 2,170,000 2,137,602
U.S. Treasury 2.875% 2028 612,000 602,820
U.S. Treasury 2.875% 2046 500,000 469,905
U.S. Treasury 3.00% 2044 355,000 342,508
U.S. Treasury 3.00% 2045 100,000 96,449
U.S. Treasury 3.125% 2019 225,000 225,900
U.S. Treasury Inflation-Protected Security 0.125% 2022 218,645 212,543
U.S. Treasury Inflation-Protected Security 0.125% 2024 795,990 765,360
U.S. Treasury Inflation-Protected Security 0.25% 2025 861,816 827,653
U.S. Treasury Inflation-Protected Security 0.375% 2025 239,101 231,659
U.S. Treasury Inflation-Protected Security 0.375% 2027 1,721,363 1,644,949
U.S. Treasury Inflation-Protected Security 0.375% 2027 221,493 211,820
U.S. Treasury Inflation-Protected Security 0.50% 2028 1,634,640 1,570,270
U.S. Treasury Inflation-Protected Security 0.625% 2024 1,809,067 1,785,945
U.S. Treasury Inflation-Protected Security 0.625% 2026 848,464 830,869
U.S. Treasury Inflation-Protected Security 1.375% 2044 513,618 551,167
U.S. Treasury Inflation-Protected Security 2.375% 2025 66,846 72,861
UNITED PARCEL SERVICE INC 4(2) CP 10/15/2018 5,250,000 5,244,782
US Bancorp 2.85% 2023 300,000 292,262
UniCredit SPA 4.625% 2027 200,000 183,723
Union Pacific Corp. 2.95% 2023 100,000 97,584
Union Pacific Corp. 4.50% 2048 20,000 20,405
United Kingdom 1.50% 2047 320,000 378,880
United Kingdom 1.75% 2022 280,000 374,897
United Kingdom 2.75% 2024 260,000 368,181
United Kingdom 3.25% 2044 250,000 411,088
United Kingdom 3.50% 2045 50,000 86,045
United Kingdom 3.75% 2020 75,000 103,239
United Kingdom 4.25% 2027 50,000 80,894
United Kingdom 4.25% 2040 50,000 92,841
United Mexican States 3.75% 2028 200,000 190,850
United Mexican States 4.15% 2027 200,000 197,175
United Mexican States 4.60% 2046 200,000 187,000
United Mexican States, Series M, 5.75% 2026 300,000 1,415,518
United Mexican States, Series M, 6.50% 2021 90,000 466,727
United Mexican States, Series M, 6.50% 2022 115,000 590,344
United Mexican States, Series M, 7.75% 2042 32,000 164,735
United Mexican States, Series M, 8.00% 2020 20,000 107,328
United Mexican States, Series M20, 10.00% 2024 93,000 551,281
United Mexican States, Series M30, 10.00% 2036 25,000 158,059
United Technologies Corp. 3.10% 2022 106,000 104,447
United Technologies Corp. 4.125% 2028 170,000 169,203
United Technologies Corp. 4.625% 2048 90,000 90,368
Uruguay (Oriental Republic of) 8.50% 2028 6,963,000 183,320
Uruguay (Oriental Republic of) 9.875% 2022 1,050,000 31,397
VEB Finance Ltd. 6.902% 2020 100,000 100,725
Vale SA 6.25% 2026 17,000 18,673
Verizon Communications Inc. 4.272% 2036 248,000 236,780
Verizon Communications Inc. 4.329% 2028 120,000 120,928
WEA Finance LLC 2.70% 2019 200,000 199,527
WEA Finance LLC 3.75% 2024 200,000 197,077
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR + 1.31% on 5/15/2027) 100,000 95,973

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.