NPORT-EX 3 edgar.htm EDGAR HTML
 
 
American Funds® International Vantage Fund
Investment portfolio
January 31, 2026
unaudited
 
Common stocks 97.00%
Industrials 27.32%
 
Shares
Value
(000)
Safran SA
204,332
$72,904
Rolls-Royce Holdings PLC
3,846,926
63,746
DSV A/S
172,640
48,474
Airbus SE, non-registered shares
206,776
47,403
BAE Systems PLC
1,567,329
42,336
Hitachi, Ltd.
994,700
34,457
Schneider Electric SE
98,870
28,397
Mitsubishi Corp.
1,013,954
26,843
ABB, Ltd.
308,019
26,560
Ryanair Holdings PLC (ADR)
374,950
26,472
Siemens AG
84,578
25,695
MTU Aero Engines AG
53,780
23,874
Recruit Holdings Co., Ltd.
433,800
22,705
Marubeni Corp.
581,300
19,213
RELX PLC
540,725
19,082
Rheinmetall AG, non-registered shares
8,665
18,298
Daikin Industries, Ltd.
152,300
18,290
ITOCHU Corp.
1,333,500
16,983
Volvo AB, Class B
454,185
16,520
Kingspan Group PLC
156,759
13,657
Wolters Kluwer NV
130,889
12,238
Compagnie de Saint-Gobain SA, non-registered shares
101,091
9,972
Komatsu, Ltd.
234,800
8,995
Mitsubishi Electric Corp.
256,400
8,002
Computershare Ltd.
347,897
7,924
Deutsche Post AG
117,320
6,581
Weir Group PLC (The)
146,681
6,475
Bombardier, Inc., Class B (a)
37,630
6,428
Atlas Copco AB, Class A
292,808
6,040
Canadian National Railway Co. (CAD denominated)
32,889
3,164
Canadian National Railway Co.
25,197
2,424
Brambles, Ltd.
316,434
4,936
SGH, Ltd.
149,807
4,842
Epiroc AB, Class A
169,618
4,755
SPIE SA
86,547
4,740
Melrose Industries PLC
543,365
4,654
ASSA ABLOY AB, Class B
109,077
4,407
Babcock International Group PLC
210,721
4,138
IHI Corp.
156,900
3,617
BayCurrent, Inc.
74,100
2,605
 
728,846
Financials 19.64%
 
 
 
Skandinaviska Enskilda Banken AB, Class A
2,473,730
53,140
UniCredit SpA
535,099
46,588
Banco Santander SA
2,802,093
35,805
American Funds International Vantage Fund — Page 1 of 7
unaudited
Common stocks (continued)
Financials (continued)
 
Shares
Value
(000)
Resona Holdings, Inc.
2,971,990
$34,365
Munchener Ruckversicherungs-Gesellschaft AG
55,520
33,721
Hong Kong Exchanges and Clearing, Ltd.
600,900
33,244
NatWest Group PLC
3,602,581
32,792
London Stock Exchange Group PLC
283,115
31,465
AIA Group, Ltd.
2,715,000
31,400
Banco Bilbao Vizcaya Argentaria SA
1,153,637
29,332
Euronext NV
182,871
25,557
Standard Chartered PLC
945,503
24,090
DBS Group Holdings, Ltd.
458,370
21,331
BNP Paribas SA
194,894
21,069
Deutsche Bank AG
405,350
16,000
Deutsche Boerse AG
53,533
13,535
T&D Holdings, Inc.
344,300
8,461
Rakuten Bank, Ltd. (a)
165,100
7,856
Banca Generali SpA
111,984
7,533
Hiscox, Ltd.
224,352
4,550
Wise PLC, Class A (a)
283,607
3,660
Sampo Oyj, Class A
316,882
3,531
Medibank Private, Ltd.
778,442
2,504
Tokio Marine Holdings, Inc.
65,300
2,417
 
523,946
Information technology 14.73%
 
 
 
ASML Holding NV
77,189
111,222
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)
184,136
60,868
SAP SE
213,290
43,122
Tokyo Electron, Ltd.
119,700
31,951
Fujitsu, Ltd.
867,300
24,003
Shopify, Inc., Class A, subordinate voting shares (a)
177,088
23,239
SK hynix, Inc. (GDR)
33,629
21,237
Keyence Corp.
56,020
20,430
Halma PLC
355,171
17,224
TDK Corp.
1,115,800
14,283
Disco Corp.
32,700
13,986
OBIC Co., Ltd.
369,885
10,270
Nemetschek SE
12,292
1,077
 
392,912
Health care 9.03%
 
 
 
Novo Nordisk AS, Class B
1,226,354
71,932
AstraZeneca PLC
355,442
66,146
EssilorLuxottica SA
97,170
29,705
Chugai Pharmaceutical Co., Ltd.
474,100
26,962
HOYA Corp.
77,100
12,888
BeOne Medicines, Ltd. (ADR) (a)
37,728
12,842
QIAGEN NV
104,138
5,589
Terumo Corp.
425,000
5,540
Innovent Biologics, Inc. (a)
416,000
4,319
Roche Holding AG, nonvoting non-registered shares
6,994
3,173
Asahi Intecc Co., Ltd.
115,400
1,916
 
241,012
American Funds International Vantage Fund — Page 2 of 7
unaudited
Common stocks (continued)
Consumer discretionary 7.28%
 
Shares
Value
(000)
LVMH Moet Hennessy-Louis Vuitton SE
49,896
$32,346
MercadoLibre, Inc. (a)
13,047
28,022
Industria de Diseno Textil SA
407,810
26,587
Amadeus IT Group SA, Class A, non-registered shares
385,262
25,857
Sony Group Corp.
1,135,500
25,343
Suzuki Motor Corp.
827,100
11,258
Aristocrat Leisure, Ltd.
270,862
10,102
Moncler SpA
153,082
8,893
InterContinental Hotels Group PLC
49,003
6,606
Alibaba Group Holding, Ltd.
256,200
5,549
Ferrari NV (EUR denominated)
15,341
5,106
Evolution AB
53,822
3,496
Flutter Entertainment PLC (a)
16,033
2,648
Compagnie Generale des Etablissements Michelin
68,626
2,550
 
194,363
Consumer staples 6.48%
 
 
 
L’Oreal SA, non-registered shares
76,631
35,153
Nestle SA
351,542
33,392
British American Tobacco PLC
458,387
27,448
Imperial Brands PLC
519,624
21,800
Danone SA
240,657
18,782
Anheuser-Busch InBev SA/NV
209,152
14,895
Pernod Ricard SA
93,876
8,354
Unilever PLC
118,637
8,020
Carlsberg A/S, Class B
37,586
5,089
 
172,933
Utilities 5.04%
 
 
 
RWE AG
839,767
53,275
Iberdrola SA, non-registered shares
1,713,873
38,447
Engie SA
1,253,137
37,283
SSE PLC
162,700
5,392
 
134,397
Materials 4.06%
 
 
 
Barrick Mining Corp.
278,551
12,755
Barrick Mining Corp. (CAD denominated)
233,426
10,669
Shin-Etsu Chemical Co., Ltd.
651,900
21,605
Antofagasta PLC
320,624
16,005
Air Liquide SA
70,162
13,135
Heidelberg Materials AG, non-registered shares
44,768
12,274
Glencore PLC
994,061
6,791
Lundin Mining Corp.
176,900
4,463
Rio Tinto PLC
37,656
3,472
Resonac Holdings Co., Ltd.
59,600
3,447
Smurfit Westrock PLC
45,811
1,907
BASF SE
34,696
1,890
 
108,413
Communication services 2.39%
 
 
 
Nintendo Co., Ltd.
464,400
30,173
Tencent Holdings, Ltd.
230,400
17,873
Koninklijke KPN NV
1,363,301
6,639
Spotify Technology SA (a)
8,946
4,476
American Funds International Vantage Fund — Page 3 of 7
unaudited
Common stocks (continued)
Communication services (continued)
 
Shares
Value
(000)
Swisscom AG (a)
3,554
$2,912
NetEase, Inc.
65,100
1,708
 
63,781
Energy 1.03%
 
 
 
TotalEnergies SE (EUR denominated)
380,016
27,545
Total common stocks (cost: $1,560,541,000)
2,588,148
Short-term securities 3.13%
Money market investments 3.13%
 
 
 
Capital Group Central Cash Fund 3.62% (b)(c)
836,036
83,604
Total short-term securities (cost: $83,610,000)
83,604
Total investment securities 100.13% (cost: $1,644,151,000)
2,671,752
Other assets less liabilities (0.13)%
(3,516
)
Net assets 100.00%
$2,668,236
Investments in affiliates (c)
 
 
Value at
11/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
1/31/2026
(000)
Dividend
or interest
income
(000)
Short-term securities 3.13%
Money market investments 3.13%
Capital Group Central Cash Fund 3.62% (b)
$128,752
$189,016
$234,138
$9
$(35
)
$83,604
$872
 
(a)
Non-income producing.
(b)
Rate represents the seven-day yield at 1/31/2026.
(c)
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.
American Funds International Vantage Fund — Page 4 of 7
unaudited
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.
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, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security. 
Fixed-income class
Examples of standard inputs
All
Benchmark yields, transactions, bids, offers, quotations from dealers and
trading systems, new issues, spreads and other relationships observed in
the markets among comparable securities; and proprietary pricing
models such as yield measures calculated using factors such as cash flows,
financial or collateral performance and other reference data (collectively
referred to as “standard inputs”)
Corporate bonds, notes & loans; convertible securities
Standard inputs and underlying equity of the issuer
Bonds & notes of governments & government agencies
Standard inputs and interest rate volatilities
Mortgage-backed; asset-backed obligations
Standard inputs and cash flows, prepayment information, default rates,
delinquency and loss assumptions, collateral characteristics, credit
enhancements and specific deal information
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.
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 the fund’s investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, 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 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.
American Funds International Vantage Fund — Page 5 of 7
unaudited
Processes and structure — The fund’s board of trustees has designated 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 “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. 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. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
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 fund’s valuation levels as of January 31, 2026, were as follows (dollars in thousands): 
 
Investment securities
 
Level 1
Level 2
Level 3
Total
Assets:
Common stocks:
Industrials
$728,846
$—
$—
$728,846
Financials
523,946
—
—
523,946
Information technology
371,675
21,237
—
392,912
Health care
241,012
—
—
241,012
Consumer discretionary
194,363
—
—
194,363
Consumer staples
172,933
—
—
172,933
Utilities
134,397
—
—
134,397
Materials
108,413
—
—
108,413
Communication services
63,781
—
—
63,781
Energy
27,545
—
—
27,545
Short-term securities
83,604
—
—
83,604
Total
$2,650,515
$21,237
$—
$2,671,752
 
Key to abbreviation(s)
ADR = American Depositary Receipts
CAD = Canadian dollars
EUR = Euros
GDR = Global Depositary Receipts
American Funds International Vantage Fund — Page 6 of 7
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.
Capital Client Group, Inc., member FINRA.
© 2026 Capital Group. All rights reserved.
MFGEFP1-123-0326
American Funds International Vantage Fund — Page 7 of 7