NPORT-EX 3 edgar.htm
New World Fund®
Investment portfolio
July 31, 2021
unaudited
Common stocks 91.80%
Information technology 20.37% 		  Shares Value
(000)
Microsoft Corp. 5,649,789 $1,609,682
Taiwan Semiconductor Manufacturing Company, Ltd. 54,604,500 1,132,509
PayPal Holdings, Inc.1 3,792,934 1,045,067
PagSeguro Digital, Ltd., Class A1 15,337,737 850,324
Silergy Corp.2 5,644,739 759,966
Adobe, Inc.1 1,061,800 660,047
ASML Holding NV 808,090 612,543
Broadcom, Inc. 1,063,600 516,272
Keyence Corp. 868,100 480,638
EPAM Systems, Inc.1 712,550 398,886
Mastercard, Inc., Class A 1,020,400 393,813
StoneCo, Ltd., Class A1 6,638,765 390,625
Cree, Inc.1 3,976,297 368,841
Micron Technology, Inc.1 4,129,895 320,397
Apple, Inc. 1,922,448 280,408
Samsung Electronics Co., Ltd. 3,103,750 211,819
Network International Holdings PLC1,2 36,978,673 175,172
Visa, Inc., Class A 611,371 150,636
Kingdee International Software Group Co., Ltd.1 40,486,767 126,079
Hexagon AB, Class B 7,472,500 123,697
Nice, Ltd. (ADR)3 438,951 122,314
TELUS International (Cda), Inc., subordinate voting shares1 3,326,332 103,881
Advanced Micro Devices, Inc.1 962,500 102,208
Accenture PLC, Class A 321,200 102,039
Nokia Corp.1 14,580,398 89,438
Cognizant Technology Solutions Corp., Class A 1,183,000 86,986
Edenred SA 1,490,498 86,602
Tokyo Electron, Ltd. 203,100 83,162
Atlassian Corp. PLC, Class A1 253,325 82,361
MediaTek Inc. 2,496,000 81,222
Trimble, Inc.1 870,669 74,442
NXP Semiconductors NV 337,000 69,553
Halma PLC 1,543,000 61,962
Globant SA1 228,400 54,624
Logitech International SA 483,800 52,906
Autodesk, Inc.1 159,600 51,252
ON Semiconductor Corp.1 1,069,900 41,790
GDS Holdings, Ltd., Class A1 5,272,400 39,859
Aspen Technology, Inc.1 270,792 39,606
Yeahka, Ltd.1,3 7,145,200 34,342
FleetCor Technologies, Inc.1 112,800 29,127
Chindata Group Holdings, Ltd., Class A (ADR)1,3 2,222,200 27,733
VeriSign, Inc.1 121,753 26,344
KLA Corp. 72,300 25,172
SAP SE 155,400 22,276
Intel Corp. 413,514 22,214
Hamamatsu Photonics KK 392,000 21,689
New World Fund — Page 1 of 18
unaudited
Common stocks (continued)
Information technology (continued) 		  Shares Value
(000)
Elastic NV, non-registered shares1 133,990 $19,839
Hundsun Technologies Inc., Class A 2,234,642 19,282
Coforge, Ltd. 260,197 17,776
Linklogis, Inc., Class B1,3 9,804,500 17,083
CMC Materials, Inc. 108,500 15,693
Applied Materials, Inc. 110,700 15,490
Infineon Technologies AG 384,882 14,672
Amadeus IT Group SA, Class A, non-registered shares1 193,593 12,686
Nu Holdings, Ltd., Class A1,4,5,6 159,392 6,374
Fabrinet, non-registered shares1 62,555 5,913
      12,387,333
Health care 12.55%      
Zai Lab, Ltd. (ADR)1,2 4,810,719 695,678
Thermo Fisher Scientific, Inc. 1,245,763 672,724
Carl Zeiss Meditec AG, non-registered shares 2,647,080 589,711
WuXi Biologics (Cayman), Inc.1 30,491,605 464,958
Abbott Laboratories 3,227,200 390,427
CanSino Biologics, Inc., Class H1,3 8,218,835 347,953
Notre Dame Intermédica Participações SA 18,851,160 289,558
PerkinElmer, Inc. 1,522,970 277,531
BeiGene, Ltd. (ADR)1 755,340 239,133
BeiGene, Ltd.1 693,600 16,396
Pharmaron Beijing Co., Ltd., Class H 5,979,600 130,885
Pharmaron Beijing Co., Ltd., Class A 3,462,800 106,180
AstraZeneca PLC 1,942,416 223,233
Danaher Corp. 724,282 215,467
WuXi AppTec Co., Ltd., Class H 7,068,723 156,271
WuXi AppTec Co., Ltd., Class A 2,301,732 53,477
BioMarin Pharmaceutical, Inc.1 2,244,413 172,214
Laurus Labs, Ltd. 19,957,500 172,045
CSL, Ltd. 751,000 159,224
Hutchmed China, Ltd. (ADR)1 2,010,946 84,560
Hutchmed China Ltd.1 5,115,500 46,474
Medtronic PLC 965,000 126,714
Straumann Holding AG 65,546 121,562
Olympus Corp. 5,809,700 118,916
Novo Nordisk A/S, Class B3 1,266,810 117,166
Shionogi & Co., Ltd. 2,135,600 111,973
Koninklijke Philips NV (EUR denominated) 2,415,304 111,426
Jiangsu Hengrui Medicine Co., Ltd., Class A 12,875,911 108,451
Asahi Intecc Co., Ltd. 3,968,200 106,995
Hypera SA, ordinary nominative shares 14,839,266 101,573
Pfizer, Inc. 1,912,100 81,857
Zoetis, Inc., Class A 396,000 80,269
Hugel, Inc.1 375,285 77,912
Aier Eye Hospital Group Co., Ltd., Class A 8,136,159 73,973
Teva Pharmaceutical Industries, Ltd. (ADR)1 7,377,500 71,193
Gland Pharma, Ltd.1 1,236,609 65,315
Merck KGaA 308,000 63,080
Eli Lilly and Company 255,000 62,093
Hikma Pharmaceuticals PLC 1,637,718 60,234
Grifols, SA, Class A, non-registered shares 2,300,000 58,496
Alcon, Inc. 725,000 52,823
HOYA Corp. 356,000 49,990
New World Fund — Page 2 of 18
unaudited
Common stocks (continued)
Health care (continued) 		  Shares Value
(000)
Ping An Healthcare and Technology Co., Ltd., Class H1,3 5,200,000 $48,513
Baxter International, Inc. 588,100 45,490
bioMérieux SA 282,000 33,636
Mettler-Toledo International, Inc.1 21,300 31,390
Guangzhou Kingmed Diagnostics Group Co., Ltd., Class A 1,441,567 29,600
OdontoPrev SA, ordinary nominative shares 11,023,346 27,515
Rede D’Or Sao Luiz SA 1,853,200 24,552
Hangzhou Tigermed Consulting Co., Ltd., Class A 759,933 18,550
Alibaba Health Information Technology, Ltd.1 9,046,000 14,062
Genus PLC 178,188 13,660
Novartis AG 128,200 11,871
Shandong Pharmaceutical Glass Co., Ltd., Class A 862,513 4,576
NMC Health PLC1,4,5 812,918 11
      7,629,536
Consumer discretionary 12.47%      
MercadoLibre, Inc.1 731,836 1,148,031
LVMH Moët Hennessy-Louis Vuitton SE 780,082 623,608
General Motors Company1 8,986,700 510,804
Hermès International 252,796 386,544
Li Ning Co., Ltd. 30,009,617 316,271
Evolution AB 1,786,798 311,264
Meituan, Class B1 9,322,700 257,926
EssilorLuxottica 1,341,819 253,340
Xpeng, Inc., Class A (ADR)1 6,023,992 244,152
Galaxy Entertainment Group, Ltd.1 29,933,000 202,990
Pop Mart International Group, Ltd.3 26,794,400 196,187
Kering SA 190,082 170,512
YUM! Brands, Inc. 1,244,380 163,499
adidas AG 418,672 152,025
Booking Holdings, Inc.1 61,925 134,889
China MeiDong Auto Holdings, Ltd. 24,170,000 130,318
NIKE, Inc., Class B 760,185 127,339
Marriott International, Inc., Class A1 848,100 123,806
Cie. Financière Richemont SA, Class A 920,499 117,876
Zhongsheng Group Holdings, Ltd. 12,748,250 117,129
Delivery Hero SE1 780,055 116,778
JD Health International, Inc.1,3 10,841,150 116,417
Naspers, Ltd., Class N 570,081 109,804
Huazhu Group, Ltd. (ADR)1 2,188,135 98,422
Alibaba Group Holding, Ltd. (ADR)1 369,200 72,064
Alibaba Group Holding, Ltd.1 831,500 20,223
Gree Electric Appliances, Inc. of Zhuhai, Class A 12,507,514 92,020
Jumbo SA 5,700,197 90,609
Wyndham Hotels & Resorts, Inc. 1,250,000 90,075
Zomato, Ltd.1 25,443,671 45,645
Zomato, Ltd.1,4,7 21,610,095 37,218
Trip.com Group, Ltd. (ADR)1 3,146,474 81,588
Industria de Diseño Textil, SA 2,205,299 74,793
IDP Education, Ltd. 3,502,404 72,506
Melco Resorts & Entertainment, Ltd. (ADR)1 5,176,700 72,060
JD.com, Inc., Class A1 1,954,400 69,563
Midea Group Co., Ltd., Class A 6,836,994 67,255
Astra International Tbk PT 178,034,500 58,104
Samsonite International SA1 30,473,500 56,625
New World Fund — Page 3 of 18
unaudited
Common stocks (continued)
Consumer discretionary (continued) 		  Shares Value
(000)
Aptiv PLC1 326,700 $54,510
Wynn Macau, Ltd.1 34,863,600 44,818
Airbnb, Inc., Class A1 269,527 38,815
Inchcape PLC 3,076,000 36,364
Maruti Suzuki India, Ltd. 363,485 34,083
Suzuki Motor Corp. 757,300 30,581
SAIC Motor Corp., Ltd., Class A 10,764,943 30,579
Flutter Entertainment PLC (EUR denominated)1 160,346 27,414
Shangri-La Asia, Ltd.1 28,650,000 25,438
Americanas SA, ordinary nominative shares1 2,156,139 20,327
Entain PLC1 760,000 19,190
Wynn Resorts, Ltd.1 171,000 16,814
Stellantis NV 868,735 16,684
Lojas Americanas SA, ordinary nominative shares 11,978,550 15,179
Vivo Energy PLC 9,612,597 14,030
Levi Strauss & Co., Class A 489,000 13,457
Jiumaojiu International Holdings, Ltd. 3,168,000 9,437
Cyrela Brazil Realty SA, ordinary nominative shares 1,554,724 6,224
      7,584,223
Financials 11.58%      
Kotak Mahindra Bank, Ltd.1 39,799,831 885,047
AIA Group, Ltd. 63,033,200 755,151
HDFC Bank, Ltd. 33,233,375 637,046
HDFC Bank, Ltd. (ADR) 984,400 69,469
Société Générale 15,769,898 462,532
Sberbank of Russia PJSC (ADR) 19,529,381 325,105
Bajaj Finance, Ltd. 3,388,000 283,556
Capitec Bank Holdings, Ltd.3 2,458,305 272,949
Ping An Insurance (Group) Company of China, Ltd., Class H 29,881,500 262,049
B3 SA-Brasil, Bolsa, Balcao 83,333,214 244,004
ICICI Bank, Ltd. (ADR) 10,700,004 198,913
ICICI Bank, Ltd. 4,819,247 44,200
UniCredit SpA 19,844,209 237,944
Banco Santander, SA 61,388,688 224,839
Bajaj Finserv, Ltd. 1,053,900 201,421
S&P Global, Inc. 437,331 187,493
XP, Inc., Class A1 4,397,728 180,571
HDFC Life Insurance Company, Ltd. 17,677,050 157,743
TCS Group Holding PLC (GDR) 1,609,668 133,152
TCS Group Holding PLC (GDR)7 264,560 21,884
Hong Kong Exchanges and Clearing, Ltd. 2,220,600 141,732
China Merchants Bank Co., Ltd., Class H 15,131,100 115,267
Moody’s Corp. 295,050 110,939
AU Small Finance Bank, Ltd.1 5,334,252 87,431
Discovery, Ltd.1 10,077,988 80,892
Banco Bilbao Vizcaya Argentaria, SA 11,504,489 73,845
Fairfax Financial Holdings, Ltd., subordinate voting shares 169,794 71,524
Futu Holdings, Ltd. (ADR)1,3 651,156 66,717
Eurobank Ergasias Services and Holdings SA1 69,062,000 65,130
DBS Group Holdings, Ltd. 2,510,728 56,350
Lufax Holding, Ltd. (ADR)1 6,822,100 51,166
Alpha Services and Holdings SA1 38,600,541 49,934
UBS Group AG 2,900,000 47,829
Bank Rakyat Indonesia (Persero) Tbk PT 176,837,100 45,363
New World Fund — Page 4 of 18
unaudited
Common stocks (continued)
Financials (continued) 		  Shares Value
(000)
Grupo Financiero Banorte, SAB de CV, Series O 5,570,000 $36,110
Chubb, Ltd. 200,000 33,748
Axis Bank, Ltd.1 2,786,000 26,540
Bank Mandiri (Persero) Tbk PT 51,177,300 20,170
Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México, Class B 16,048,043 19,010
China Construction Bank Corp., Class H 25,822,000 18,010
Moscow Exchange MICEX-RTS PJSC 5,963,587 14,116
Postal Savings Bank of China Co., Ltd., Class H 19,503,000 12,598
Bank of the Philippine Islands 6,307,960 10,159
      7,039,648
Communication services 9.29%      
Sea, Ltd., Class A (ADR)1 3,567,220 985,123
Alphabet, Inc., Class C1 280,011 757,268
Alphabet, Inc., Class A1 57,314 154,434
Tencent Holdings, Ltd. 13,552,500 835,352
Facebook, Inc., Class A1 2,197,801 783,077
Bilibili, Inc., Class Z (ADR)1 2,456,481 210,226
Bilibili, Inc., Class Z1 2,258,300 193,394
Netflix, Inc.1 592,156 306,482
Yandex NV, Class A1 4,066,183 276,216
América Móvil, SAB de CV, Series L (ADR) 16,276,100 270,997
NetEase, Inc. (ADR) 1,049,596 107,279
NetEase, Inc. 4,056,400 81,168
Vodafone Group PLC 87,732,204 141,679
Activision Blizzard, Inc. 1,452,175 121,431
MTN Group, Ltd.1 13,368,563 96,182
Kuaishou Technology, Class B1,4,7 4,777,700 64,982
Kuaishou Technology, Class B1 1,593,313 22,574
Bharti Airtel, Ltd. 11,522,338 86,965
Indus Towers, Ltd. 21,296,376 63,561
JCDecaux SA1 2,307,000 62,944
Informa PLC1 2,497,800 17,186
SoftBank Group Corp. 203,700 12,695
      5,651,215
Materials 7.65%      
Vale SA, ordinary nominative shares (ADR) 34,214,283 719,184
Vale SA, ordinary nominative shares 31,128,319 650,030
First Quantum Minerals, Ltd. 24,281,200 520,033
Sika AG 925,752 326,111
Asian Paints, Ltd. 6,787,229 269,834
Gerdau SA (ADR) 34,059,835 201,975
Freeport-McMoRan, Inc. 5,292,808 201,656
Rio Tinto PLC 1,376,000 116,690
Barrick Gold Corp. 5,346,430 116,392
Shree Cement, Ltd. 302,959 115,076
Shin-Etsu Chemical Co., Ltd. 701,900 113,566
Albemarle Corp. 539,000 111,055
Koninklijke DSM NV 507,000 102,213
Givaudan SA 20,171 100,693
BHP Group PLC 2,600,000 83,989
Linde PLC 260,450 80,060
CEMEX, SAB de CV, ordinary participation certificates, units (ADR)1 9,400,000 76,422
LANXESS AG 1,000,000 72,432
New World Fund — Page 5 of 18
unaudited
Common stocks (continued)
Materials (continued) 		  Shares Value
(000)
Loma Negra Compania Industrial Argentina SA (ADR)2 7,675,388 $60,482
CCL Industries, Inc., Class B, nonvoting shares 1,054,000 60,447
Alrosa PJSC 33,822,582 59,930
Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A 7,008,943 55,235
BASF SE 679,863 53,406
AngloGold Ashanti, Ltd. (ADR) 1,512,278 30,321
AngloGold Ashanti, Ltd. 922,907 18,470
SIG Combibloc Group AG 1,570,000 46,345
Arkema SA 308,000 39,185
Impala Platinum Holdings, Ltd. 2,103,200 37,899
Huntsman Corp. 1,320,000 34,861
Chr. Hansen Holding A/S 357,199 32,126
Celanese Corp. 187,300 29,176
Umicore SA 402,146 24,940
Amcor PLC (CDI) 2,116,000 24,457
Asahi Kasei Corp. 1,659,500 17,956
Ivanhoe Mines Ltd., Class A1 2,406,114 17,859
Navin Fluorine International, Ltd. 283,841 13,950
Anglo American PLC 296,000 13,127
Yunnan Energy New Material Co., Ltd., Class A 170,200 6,539
      4,654,122
Industrials 6.50%      
Airbus SE, non-registered shares1 4,732,597 649,545
Safran SA 2,058,150 269,295
IMCD NV 1,394,366 241,494
CCR SA, ordinary nominative shares 91,733,371 228,970
DSV Panalpina A/S 895,918 218,301
Wizz Air Holdings PLC1 3,161,426 217,522
Contemporary Amperex Technology Co., Ltd., Class A 2,178,248 185,696
International Container Terminal Services, Inc. 54,681,000 170,109
InPost SA1 8,165,907 160,026
Nidec Corp. 1,410,200 157,339
Rumo SA1 33,520,625 132,969
Copa Holdings, SA, Class A1 1,728,500 122,568
Shenzhen Inovance Technology Co., Ltd., Class A 9,707,524 117,068
Ryanair Holdings PLC (ADR)1 994,610 108,452
TransDigm Group, Inc.1 152,260 97,612
SMC Corp. 162,999 96,279
Spirax-Sarco Engineering PLC 371,000 77,405
Boeing Company1 294,200 66,630
Fortive Corp. 840,000 61,034
Centre Testing International Group Co., Ltd. 14,248,320 59,917
ZTO Express (Cayman), Inc., Class A (ADR) 1,992,000 53,904
Interpump Group SpA 762,000 47,592
Daikin Industries, Ltd. 228,200 47,146
Epiroc AB, Class B 2,302,349 46,270
Havells India, Ltd. 2,668,738 42,090
Hitachi, Ltd. 704,700 40,199
Fluidra, SA, non-registered shares 986,500 39,964
Carrier Global Corp. 708,700 39,156
ABB, Ltd. 1,059,474 38,749
Atlas Copco AB, Class B 479,500 27,232
Air Lease Corp., Class A 568,800 24,094
Experian PLC 480,000 21,137
New World Fund — Page 6 of 18
unaudited
Common stocks (continued)
Industrials (continued) 		  Shares Value
(000)
Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A 4,000,000 $13,258
China Merchants Port Holdings Co. Ltd. 8,862,000 12,339
Hefei Meyer Optoelectronic Technology, Inc., Class A 1,423,991 10,904
Komatsu, Ltd. 353,000 9,103
      3,951,368
Consumer staples 5.14%      
Kweichow Moutai Co., Ltd., Class A 2,870,710 746,541
Nestlé SA 1,543,296 195,585
Foshan Haitian Flavouring and Food Co., Ltd., Class A 10,743,805 190,770
Bunge, Ltd. 2,203,000 171,019
Constellation Brands, Inc., Class A 712,000 159,730
Anheuser-Busch InBev SA/NV 2,290,684 145,105
Carlsberg A/S, Class B 717,838 132,727
Pernod Ricard SA 594,823 131,314
British American Tobacco PLC 2,790,750 103,981
Raia Drogasil SA, ordinary nominative shares 20,435,000 99,031
Avenue Supermarts, Ltd.1 1,827,432 85,970
Wal-Mart de México, SAB de CV, Series V 21,449,000 70,706
ITC, Ltd. 25,000,000 68,854
Heineken NV 544,455 63,424
United Spirits, Ltd.1 6,916,320 59,553
Unilever PLC (EUR denominated) 987,031 56,892
Reckitt Benckiser Group PLC 681,481 52,317
Yihai International Holding, Ltd. 7,333,000 44,114
Shiseido Company, Ltd. 657,800 43,688
Wuliangye Yibin Co., Ltd., Class A 1,232,747 42,149
China Feihe, Ltd. 21,590,000 41,451
X5 Retail Group NV (GDR)1 1,246,331 40,426
L’Oréal SA, non-registered shares 83,828 38,374
Monde Nissin Corp.1 115,826,000 34,249
Kimberly-Clark de México, SAB de CV, Class A 21,001,800 34,004
Mondelez International, Inc. 530,800 33,578
Philip Morris International, Inc. 314,170 31,445
Fomento Económico Mexicano, SAB de CV 3,312,400 28,900
Monster Beverage Corp.1 295,000 27,824
Herbalife Nutrition, Ltd.1 545,700 27,798
Kimberly-Clark Corp. 194,000 26,330
Dabur India, Ltd. 3,208,497 25,900
Danone SA 326,249 24,018
Inner Mongolia Yili Industrial Group Co., Ltd., Class A 4,391,000 22,709
Uni-Charm Corp. 275,400 11,001
Arca Continental, SAB de CV1 1,660,300 10,047
Diageo PLC 145,966 7,244
      3,128,768
Energy 2.91%      
Reliance Industries, Ltd. 36,398,553 995,525
Reliance Industries, Ltd., interim shares 2,018,451 38,255
Petróleo Brasileiro SA (Petrobras), ordinary nominative shares (ADR) 33,859,999 361,286
Gazprom PJSC (ADR) 15,154,155 117,960
Rosneft Oil Company PJSC (GDR) 9,007,483 66,277
New Fortress Energy, Inc., Class A3 1,934,000 58,620
Royal Dutch Shell PLC, Class B 2,193,900 43,297
TotalEnergies SE 793,799 34,558
New World Fund — Page 7 of 18
unaudited
Common stocks (continued)
Energy (continued) 		  Shares Value
(000)
Chevron Corp. 302,400 $30,787
Schlumberger, Ltd. 742,561 21,408
Thungela Resources Ltd.1,3 29,600 92
      1,768,065
Utilities 1.75%      
ENN Energy Holdings, Ltd. 22,391,800 468,228
China Gas Holdings, Ltd. 63,537,800 196,227
AES Corp. 6,991,215 165,692
Engie SA 8,326,334 111,137
China Resources Gas Group, Ltd. 11,734,000 72,326
Enel SpA 5,203,171 48,020
      1,061,630
Real estate 1.59%      
American Tower Corp. REIT 621,525 175,767
Shimao Services Holdings, Ltd. 75,687,524 175,312
ESR Cayman, Ltd.1 39,421,574 138,488
BR Malls Participacoes SA, ordinary nominative shares1,2 56,754,185 109,297
CK Asset Holdings, Ltd. 12,290,500 83,743
Longfor Group Holdings, Ltd. 14,597,500 68,093
CTP NV1 2,773,620 55,934
Sunac Services Holdings, Ltd. 17,393,000 47,001
Shimao Group Holdings, Ltd. 13,921,000 27,444
KE Holdings, Inc., Class A (ADR)1 1,180,672 25,963
China Overseas Land & Investment Ltd. 9,817,500 20,592
Ayala Land, Inc. 30,401,100 19,888
China Resources Land, Ltd. 5,400,000 18,067
      965,589
Total common stocks (cost: $33,073,167,000)     55,821,497
Preferred securities 0.84%
Consumer discretionary 0.26% 		     
Volkswagen AG, nonvoting preferred shares 460,000 112,136
Getir BV, Series H, preferred shares1,4,5,6 103,205 46,500
      158,636
Industrials 0.26%      
Azul SA, preferred nominative shares (ADR)1 4,592,225 103,004
GOL Linhas Aéreas Inteligentes SA, preferred nominative shares1 11,558,387 45,716
GOL Linhas Aéreas Inteligentes SA, preferred nominative shares (ADR)1,3 944,799 7,445
      156,165
Information technology 0.13%      
Nu Holdings, Ltd., Series G, noncumulative preferred shares1,4,5,6 1,447,997 57,904
Nu Holdings, Ltd., Series A, noncumulative preferred shares1,4,5,6 247,310 9,890
Nu Holdings, Ltd., Series Seed, noncumulative preferred shares1,4,5,6 205,114 8,202
Nu Holdings, Ltd., Series B, noncumulative preferred shares1,4,5,6 14,160 566
Nu Holdings, Ltd., Series D, noncumulative preferred shares1,4,5,6 7,524 301
      76,863
New World Fund — Page 8 of 18
unaudited
Preferred securities (continued)
Real estate 0.11% 		  Shares Value
(000)
QuintoAndar Servicos Imobiliarios Ltda, Series E, preferred shares1,4,5,6 433,164 $69,742
Ayala Land, Inc., preferred shares1,4,5 30,910,900 —8
      69,742
Health care 0.06%      
Grifols, SA, Class B, nonvoting non-registered preferred shares 2,540,072 39,412
Energy 0.02%      
Petróleo Brasileiro SA (Petrobras), preferred nominative shares 2,382,000 12,307
Total preferred securities (cost: $445,056,000)     513,125
Rights & warrants 0.60%
Health care 0.52% 		     
WuXi AppTec Co., Ltd., Class A, warrants, expire 20221,4,7 11,245,147 261,259
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20221,4,7 5,155,038 46,869
Aier Eye Hospital Group Co., Ltd., Class A, warrants, expire 20211,4,7 868,204 7,894
      316,022
Consumer staples 0.08%      
Foshan Haitian Flavouring and Food Co., Ltd., Class A, warrants, expire 20221,4,7 2,764,892 49,094
Consumer discretionary 0.00%      
Cie. Financière Richemont SA, Class A, warrants, expire 20231 1,840,998 1,342
Total rights & warrants (cost: $278,236,000)     366,458
Bonds, notes & other debt instruments 2.61%
Bonds & notes of governments & government agencies outside the U.S. 2.30% 		  Principal amount
(000) 		 
Abu Dhabi (Emirate of) 2.50% 20297 $22,000 23,186
Abu Dhabi (Emirate of) 1.70% 20317 5,740 5,600
Angola (Republic of) 8.25% 2028 3,470 3,659
Angola (Republic of) 8.00% 20297 30,500 31,651
Angola (Republic of) 8.00% 2029 4,830 5,012
Argentine Republic 1.00% 2029 4,613 1,781
Argentine Republic 0.50% 2030 (0.75% on 7/9/2023)9 13,141 4,810
Argentine Republic 1.125% 2035 (1.50% on 7/9/2022)9 53,246 17,306
Argentine Republic 2.00% 2038 (3.875% on 7/9/2022)9 10,333 4,118
Argentine Republic 2.50% 2041 (3.50% on 7/9/2022)9 71,900 27,002
Armenia (Republic of) 7.15% 2025 6,000 6,840
Bahrain (Kingdom of) 6.75% 20297 6,450 7,013
Belarus (Republic of) 6.875% 2023 20,180 20,303
Belarus (Republic of) 5.875% 2026 2,470 2,306
Belarus (Republic of) 7.625% 2027 4,650 4,578
Belarus (Republic of) 6.20% 2030 2,500 2,217
Colombia (Republic of) 4.50% 2029 13,425 14,625
Colombia (Republic of) 3.25% 2032 11,800 11,566
Colombia (Republic of) 7.375% 2037 10,950 14,226
Colombia (Republic of) 4.125% 2051 4,360 4,073
Costa Rica (Republic of) 4.375% 2025 4,629 4,778
Costa Rica (Republic of) 6.125% 20317 15,400 16,459
New World Fund — Page 9 of 18
unaudited
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued) 		  Principal amount
(000) 		Value
(000)
Costa Rica (Republic of) 6.125% 2031 $7,593 $8,115
Cote d’Ivoire (Republic of) 4.875% 2032 €1,890 2,271
Dominican Republic 5.95% 2027 $7,820 8,805
Dominican Republic 8.625% 20277 4,950 6,071
Dominican Republic 6.00% 20287 4,360 4,981
Dominican Republic 11.375% 2029 DOP195,700 4,342
Dominican Republic 4.50% 20307 $2,307 2,369
Dominican Republic 5.30% 20417 3,901 3,965
Dominican Republic 7.45% 20447 8,950 10,953
Dominican Republic 7.45% 2044 5,700 6,975
Dominican Republic 6.85% 20457 2,000 2,280
Dominican Republic 5.875% 20607 10,273 10,391
Egypt (Arab Republic of) 5.75% 20247 6,410 6,834
Egypt (Arab Republic of) 5.625% 2030 €3,225 3,798
Egypt (Arab Republic of) 5.875% 20317 $4,700 4,537
Egypt (Arab Republic of) 7.625% 20327 14,100 14,925
Egypt (Arab Republic of) 8.50% 2047 10,000 10,360
Egypt (Arab Republic of) 8.15% 20597 15,000 14,847
Ethiopia (Federal Democratic Republic of) 6.625% 2024 18,400 16,465
Export-Import Bank of India 3.25% 2030 14,800 15,201
Gabonese Republic 6.375% 2024 30,200 32,159
Georgia (Repulbic of) 2.75% 20267 4,995 5,096
Ghana (Republic of) 7.75% 20297 15,000 15,146
Ghana (Republic of) 8.125% 2032 25,000 25,029
Guatemala (Republic of) 4.375% 2027 6,715 7,283
Honduras (Republic of) 6.25% 2027 19,495 21,396
Honduras (Republic of) 5.625% 20307 2,460 2,580
Indonesia (Republic of) 6.625% 2037 8,612 12,000
Indonesia (Republic of) 5.25% 2042 18,644 23,414
Iraq (Republic of) 6.752% 2023 11,500 11,708
Jordan (Hashemite Kingdom of) 4.95% 20257 7,500 7,817
Jordan (Hashemite Kingdom of) 5.75% 20277 21,135 22,836
Kazakhstan (Republic of) 5.125% 20257 9,750 11,334
Kazakhstan (Republic of) 5.125% 2025 5,700 6,626
Kazakhstan (Republic of) 6.50% 20457 7,865 11,628
Kenya (Republic of) 6.875% 20247 5,175 5,704
Kenya (Republic of) 8.25% 20487 29,120 32,316
Malaysia (Federation of), Series 0418, 4.893% 2038 MYR18,100 4,744
Oman (Sultanate of) 4.875% 20257 $2,574 2,696
Oman (Sultanate of) 5.375% 2027 10,000 10,533
Oman (Sultanate of) 6.25% 20317 11,500 12,451
Pakistan (Islamic Republic of) 8.25% 20257 9,222 10,119
Pakistan (Islamic Republic of) 6.00% 20267 5,125 5,169
Pakistan (Islamic Republic of) 6.875% 20277 14,600 14,974
Panama (Republic of) 3.75% 20267 20,790 22,541
Panama (Republic of) 4.50% 2047 15,445 17,657
Panama (Republic of) 4.50% 2050 4,525 5,168
Panama (Republic of) 4.30% 2053 6,400 7,123
Paraguay (Republic of) 5.00% 2026 7,095 8,009
Paraguay (Republic of) 5.00% 20267 4,475 5,051
Paraguay (Republic of) 4.70% 20277 8,790 9,928
Paraguay (Republic of) 4.70% 2027 5,500 6,212
Paraguay (Republic of) 4.95% 2031 3,415 3,923
Paraguay (Republic of) 2.739% 20337 1,565 1,535
Peru (Republic of) 6.55% 2037 10,417 14,199
New World Fund — Page 10 of 18
unaudited
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued) 		  Principal amount
(000) 		Value
(000)
Peru (Republic of) 5.625% 2050 $1,240 $1,683
Peru (Republic of) 2.78% 2060 10,795 9,322
PETRONAS Capital, Ltd. 3.50% 20307 3,400 3,727
PETRONAS Capital, Ltd. 4.55% 20507 3,400 4,215
Philippines (Republic of) 1.648% 2031 10,000 9,685
Philippines (Republic of) 6.375% 2034 10,400 14,702
Philippines (Republic of) 3.95% 2040 11,700 13,125
Philippines (Republic of) 2.95% 2045 13,400 13,197
PT Indonesia Asahan Aluminium Tbk 5.23% 20217 3,045 3,089
PT Indonesia Asahan Aluminium Tbk 4.75% 20257 5,513 6,045
PT Indonesia Asahan Aluminium Tbk 6.53% 20287 1,330 1,629
PT Indonesia Asahan Aluminium Tbk 6.53% 2028 1,287 1,577
Qatar (State of) 4.50% 20287 45,000 53,396
Qatar (State of) 3.75% 20307 6,200 7,063
Romania 2.00% 2032 €18,275 21,847
Romania 2.00% 2033 7,080 8,316
Romania 5.125% 20487 $9,300 11,540
Russian Federation 4.375% 20297 10,000 11,369
Russian Federation 4.375% 2029 4,000 4,548
Russian Federation 5.10% 2035 18,000 21,758
Russian Federation 5.25% 2047 12,000 15,275
Senegal (Republic of) 4.75% 2028 €13,200 16,414
Serbia (Republic of) 3.125% 2027 12,500 16,541
South Africa (Republic of) 5.875% 2030 $28,100 31,964
Sri Lanka (Democratic Socialist Republic of) 5.75% 2022 3,900 3,673
Sri Lanka (Democratic Socialist Republic of) 5.875% 2022 14,000 11,935
Sri Lanka (Democratic Socialist Republic of) 6.125% 2025 3,380 2,180
Sri Lanka (Democratic Socialist Republic of) 6.85% 2025 10,530 6,780
Sri Lanka (Democratic Socialist Republic of) 6.825% 2026 16,820 10,723
Sri Lanka (Democratic Socialist Republic of) 6.75% 2028 5,360 3,332
Sri Lanka (Democratic Socialist Republic of) 7.55% 20307 7,500 4,662
Sri Lanka (Democratic Socialist Republic of) 7.55% 2030 4,740 2,947
Tunisia (Republic of) 6.75% 2023 €4,100 4,322
Tunisia (Republic of) 6.75% 2023 1,830 1,929
Tunisia (Republic of) 5.625% 2024 10,725 10,920
Tunisia (Republic of) 5.75% 2025 $8,645 7,343
Turkey (Republic of) 6.375% 2025 5,935 6,247
Turkey (Republic of) 5.875% 2031 22,730 22,310
Turkey (Republic of) 6.00% 2041 16,795 15,399
Turkey (Republic of) 5.75% 2047 31,345 27,166
Ukraine 7.75% 2027 28,014 30,742
Ukraine 9.75% 2028 6,200 7,389
Ukraine 7.375% 2032 29,200 30,458
United Mexican States 3.90% 2025 4,930 5,480
United Mexican States 4.50% 2029 13,100 14,939
United Mexican States 4.75% 2032 10,480 12,052
United Mexican States 4.75% 2044 13,300 14,817
United Mexican States 3.75% 2071 10,285 9,514
United Mexican States, Series M, 7.50% 2027 MXN252,200 13,194
Venezuela (Bolivarian Republic of) 7.00% 201810 $870 91
Venezuela (Bolivarian Republic of) 7.75% 201910 15,668 1,645
Venezuela (Bolivarian Republic of) 6.00% 202010 12,912 1,362
Venezuela (Bolivarian Republic of) 12.75% 202210 1,162 119
Venezuela (Bolivarian Republic of) 9.00% 202310 18,851 1,942
Venezuela (Bolivarian Republic of) 8.25% 202410 4,062 429
New World Fund — Page 11 of 18
unaudited
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued) 		  Principal amount
(000) 		Value
(000)
Venezuela (Bolivarian Republic of) 7.65% 202510 $1,741 $178
Venezuela (Bolivarian Republic of) 11.75% 202610 870 93
Venezuela (Bolivarian Republic of) 9.25% 202710 2,321 247
Venezuela (Bolivarian Republic of) 9.25% 202810 4,346 459
Venezuela (Bolivarian Republic of) 11.95% 203110 1,449 154
Venezuela (Bolivarian Republic of) 7.00% 203810 1,448 154
      1,397,051
Corporate bonds, notes & loans 0.31%
Energy 0.09% 		     
Oleoducto Central SA 4.00% 20277 3,450 3,568
Petrobras Global Finance Co. 5.60% 2031 7,100 7,911
Petrobras Global Finance Co. 6.85% 2115 4,340 4,850
Petróleos Mexicanos 6.875% 20257 8,000 8,819
Petróleos Mexicanos 6.875% 2026 8,024 8,841
Petróleos Mexicanos 6.49% 2027 11,700 12,442
PTT Exploration and Production PCL 2.587% 20277 4,769 4,997
Sinopec Group Overseas Development (2018), Ltd. 3.10% 20517 4,700 4,654
      56,082
Financials 0.06%      
Bangkok Bank PCL 3.733% 2034
(5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)9 		13,100 13,657
Power Financial Corp., Ltd. 5.25% 2028 5,907 6,645
Power Financial Corp., Ltd. 6.15% 2028 5,334 6,314
Power Financial Corp., Ltd. 4.50% 2029 2,959 3,172
Power Financial Corp., Ltd. 3.35% 2031 4,010 3,953
      33,741
Communication services 0.03%      
Axiata SPV5 Labuan, Ltd. 3.064% 2050 4,446 4,310
PLDT, Inc. 2.50% 2031 2,590 2,586
Tencent Holdings, Ltd. 3.975% 2029 6,300 7,070
Tencent Holdings, Ltd. 3.24% 20507 7,100 6,939
      20,905
Industrials 0.03%      
Empresa de Transporte de Pasajeros Metro SA 4.70% 20507 4,520 5,457
Lima Metro Line 2 Finance, Ltd. 5.875% 20347 1,539 1,806
Mexico City Airport Trust 4.25% 2026 11,060 11,972
      19,235
Consumer discretionary 0.03%      
Alibaba Group Holding, Ltd. 2.125% 2031 5,926 5,868
Alibaba Group Holding, Ltd. 3.15% 2051 7,800 7,733
MercadoLibre, Inc. 3.125% 2031 2,575 2,524
Sands China, Ltd. 4.375% 2030 2,675 2,952
      19,077
New World Fund — Page 12 of 18
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Utilities 0.03% 		  Principal amount
(000) 		Value
(000)
AES Panama Generation Holdings SRL 4.375% 20307 $3,485 $3,615
Empresas Publicas de Medellin ESP 4.25% 20297 2,062 2,029
Empresas Publicas de Medellin ESP 4.375% 20317 4,132 4,062
State Grid Overseas Investment, Ltd. 3.50% 20277 6,825 7,596
      17,302
Materials 0.03%      
Braskem Idesa SAPI 7.45% 2029 8,100 8,395
Braskem Idesa SAPI 7.45% 20297 5,564 5,767
GC Treasury Center Co., Ltd. 2.98% 20317 2,055 2,114
      16,276
Consumer staples 0.01%      
MARB BondCo PLC 3.95% 20317 7,700 7,494
Total corporate bonds, notes & loans     190,112
Total bonds, notes & other debt instruments (cost: $1,545,858,000)     1,587,163
Short-term securities 4.42%
Money market investments 4.23% 		  Shares  
Capital Group Central Cash Fund 0.05%2,11 25,716,743 2,571,931
Money market investments purchased with collateral from securities on loan 0.19%      
Capital Group Central Cash Fund 0.05%2,11,12 546,758 54,681
Goldman Sachs Financial Square Government Fund, Institutional Shares 0.03%11,12 19,500,000 19,500
BlackRock Liquidity Funds – FedFund, Institutional Shares  0.03%11,12 18,300,000 18,300
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.03%11,12 15,063,945 15,064
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%11,12 3,400,000 3,400
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 0.03%11,12 2,200,000 2,200
Fidelity Investments Money Market Government Portfolio, Class I 0.01%11,12 1,100,000 1,100
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 0.03%11,12 1,100,000 1,100
      115,345
Total short-term securities (cost: $2,686,896,000)     2,687,276
Total investment securities 100.27% (cost: $38,029,213,000)     60,975,519
Other assets less liabilities (0.27)%     (165,725)
Net assets 100.00%     $60,809,794
Futures contracts
Contracts Type Number of
contracts 		Expiration Notional
amount13
(000) 		Value at
7/31/202114
(000) 		Unrealized
(depreciation)
appreciation
at 7/31/2021
(000)
10 Year Ultra U.S. Treasury Note Futures Short 1,107 September 2021 $(110,700) $(166,327) $(5,481)
30 Year Ultra U.S. Treasury Bond Futures Long 504 September 2021 50,400 100,564 5,514
            $33
New World Fund — Page 13 of 18
unaudited
Forward currency contracts
Contract amount Counterparty Settlement
date 		Unrealized
depreciation
at 7/31/2021
(000)
Purchases
(000) 		Sales
(000)
USD42,641 EUR36,050 Goldman Sachs 8/17/2021 $(138)
Investments in affiliates2
  Value of
affiliates at
11/1/2020
(000) 		Additions
(000) 		Reductions
(000) 		Net
realized
gain (loss)
(000) 		Net
unrealized
appreciation
(depreciation)
(000) 		Value of
affiliates at
7/31/2021
(000) 		Dividend
income
(000)
Common stocks 2.96%
Information technology 1.54%              
Silergy Corp. $267,443 $269,606 $125,863 $66,847 $281,933 $759,966 $2,100
Network International Holdings PLC1 12,827 151,509 — — 10,836 175,172 —
            935,138  
Health care 1.14%              
Zai Lab, Ltd. (ADR)1 394,726 79,463 71,102 16,809 275,782 695,678 —
Hugel, Inc.1,15 126,732 — 56,474 14,016 (6,362) — —
            695,678  
Materials 0.10%              
Loma Negra Compania Industrial Argentina SA (ADR) 32,851 — — — 27,631 60,482 —
Industrials 0.00%              
CCR SA, ordinary nominative shares15 159,139 126,323 92,426 (53,004) 88,938 — 1,645
Real estate 0.18%              
BR Malls Participacoes SA, ordinary nominative shares1 47,713 46,427 — — 15,157 109,297 —
Total common stocks           1,800,595  
Short-term securities 4.32%
Money market investments 4.23%              
Capital Group Central Cash Fund 0.05%11 3,020,465 5,236,959 5,685,436 (73) 16 2,571,931 2,129
Money market investments purchased with collateral from securities on loan 0.09%              
Capital Group Central Cash Fund 0.05%11,12 — 54,681       54,681 —16
Total short-term securities           2,626,612  
Total 7.28%       $44,595 $693,931 $4,427,207 $5,874
New World Fund — Page 14 of 18
unaudited
1 Security did not produce income during the last 12 months.
2 Affiliate of the fund or part of the same “group of investment companies“ as the fund, as defined under the Investment Company Act of 1940, as amended.
3 All or a portion of this security was on loan. The total value of all such securities was $284,142,000, which represented .47% of the net assets of the fund.
4 Valued under fair value procedures adopted by authority of the board of directors. The total value of all such securities was $666,806,000, which represented 1.10% of the net assets of the fund.
5 Value determined using significant unobservable inputs.
6 Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear below.
7 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 $1,029,835,000, which represented 1.69% of the net assets of the fund.
8 Amount less than one thousand.
9 Step bond; coupon rate may change at a later date.
10 Scheduled interest and/or principal payment was not received.
11 Rate represents the seven-day yield at 7/31/2021.
12 Security purchased with cash collateral from securities on loan.
13 Notional amount is calculated based on the number of contracts and notional contract size.
14 Value is calculated based on the notional amount and current market price.
15 Unaffiliated issuer at 7/31/2021.
16 Dividend income is included with securities lending income and is not shown in this table.
Private placement securities Acquisition
date 		Cost
(000) 		Value
(000) 		Percent
of net
assets
Nu Holdings, Ltd., Series G, noncumulative preferred shares 1/27/2021 $49,257 $57,904 .10%
Nu Holdings, Ltd., Series A, noncumulative preferred shares 1/27/2021 8,413 9,890 .02
Nu Holdings, Ltd., Series Seed, noncumulative preferred shares 1/27/2021 6,977 8,202 .01
Nu Holdings, Ltd., Class A 1/27/2021 5,422 6,374 .01
Nu Holdings, Ltd., Series B, noncumulative preferred shares 1/27/2021 482 566 .00
Nu Holdings, Ltd., Series D, noncumulative preferred shares 1/27/2021 256 301 .00
QuintoAndar Servicos Imobiliarios Ltda, Series E, preferred shares 5/26/2021 69,742 69,742 .11
Getir BV, Series H, preferred shares 5/27/2021 46,500 46,500 .08
Total private placement securities   $187,049 $199,479 .33%
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities 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.
New World Fund — Page 15 of 18
unaudited
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
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. The average month-end notional amount of futures contracts while held was $69,992,000. Forward currency contracts are valued based on the spot and forward exchange rates obtained from one or more pricing vendors. The average month-end notional amount of open forward currency contracts while held was $43,072,000.
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 directors 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 directors 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 directors. 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.
New World Fund — Page 16 of 18
unaudited
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 following tables present the fund’s valuation levels as of July 31, 2021 (dollars in thousands):
  Investment securities
  Level 1 Level 2 Level 3 Total
Assets:        
Common stocks:        
Information technology $12,380,959 $— $6,374 $12,387,333
Health care 7,629,525 — 11 7,629,536
Consumer discretionary 7,547,005 37,218 — 7,584,223
Financials 7,039,648 — — 7,039,648
Communication services 5,586,233 64,982 — 5,651,215
Materials 4,654,122 — — 4,654,122
Industrials 3,951,368 — — 3,951,368
Consumer staples 3,128,768 — — 3,128,768
Energy 1,768,065 — — 1,768,065
Utilities 1,061,630 — — 1,061,630
Real estate 965,589 — — 965,589
Preferred securities 320,020 — 193,105 513,125
Rights & warrants 1,342 365,116 — 366,458
Bonds, notes & other debt instruments:        
Bonds & notes of governments & government agencies outside the U.S. — 1,397,051 — 1,397,051
Corporate bonds, notes & loans — 190,112 — 190,112
Short-term securities 2,687,276 — — 2,687,276
Total $58,721,550 $2,054,479 $199,490 $60,975,519
  Other investments*
  Level 1 Level 2 Level 3 Total
Assets:        
Unrealized appreciation on futures contracts $5,514 $— $— $5,514
Liabilities:        
Unrealized depreciation on futures contracts (5,481) — — (5,481)
Unrealized depreciation on open forward currency contracts — (138) — (138)
Total $33 $(138) $— $(105)
* Futures contracts and forward currency contracts are not included in the fund’s investment portfolio.
   
Key to abbreviations and symbols
ADR = American Depositary Receipts
CDI = CREST Depository Interest
DOP = Dominican pesos
EUR/€ = Euros
GDR = Global Depositary Receipts
MXN = Mexican pesos
MYR = Malaysian ringgits
USD/$ = U.S. dollars
New World Fund — Page 17 of 18
unaudited
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc., member FINRA.
© 2021 Capital Group. All rights reserved.
MFGEFP3-036-0921O-S85344 New World Fund — Page 18 of 18