N-Q 1 eupac_nq.htm N-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM N-Q

Quarterly Schedule of Portfolio Holdings of

Registered Management Investment Company

 

Investment Company Act File Number: 811-03734

 

 

 

EuroPacific Growth Fund

(Exact Name of Registrant as Specified in Charter)

 

333 South Hope Street

Los Angeles, California 90071

(Address of Principal Executive Offices)

 

 

 

 

Registrant's telephone number, including area code: (213) 486-9200

 

Date of fiscal year end: March 31

 

Date of reporting period: December 31, 2016

 

 

 

 

 

Michael W. Stockton

EuroPacific Growth Fund

333 South Hope Street

Los Angeles, California 90071

(Name and Address of Agent for Service)

 

 

 
 

 

ITEM 1 – Schedule of Investments

 

EuroPacific Growth Fund®
Investment portfolio
December 31, 2016
unaudited
Common stocks 93.73%
Financials 17.07% 		Shares Value
(000)
HDFC Bank Ltd.1 99,206,759 $1,934,381
HDFC Bank Ltd. (ADR) 8,898,800 539,979
Prudential PLC1 103,129,408 2,057,035
AIA Group Ltd.1 365,269,600 2,044,146
Barclays PLC1 666,675,486 1,831,338
UniCredit SpA1,2 403,394,596 1,159,673
Housing Development Finance Corp. Ltd.1 53,109,265 987,237
Kotak Mahindra Bank Ltd.1 90,708,514 962,065
Credit Suisse Group AG1 63,503,308 906,765
Société Générale1 18,380,372 902,304
Fairfax Financial Holdings Ltd., subordinate voting (CAD denominated) 710,094 342,976
Fairfax Financial Holdings Ltd., subordinate voting 647,870 315,318
ORIX Corp.1 34,301,700 531,420
Commerzbank AG, non-registered shares1 61,508,925 469,118
BM&FBOVESPA SA - Bolsa de Valores, Mercadorias e Futuros, ordinary nominative 87,600,000 444,096
ICICI Bank Ltd.1 103,365,942 387,575
ICICI Bank Ltd. (ADR) 1,254,765 9,398
BNP Paribas SA1 6,101,666 388,684
Toronto-Dominion Bank 7,410,000 365,464
Bank of Ireland1,3 1,405,558,553 347,097
UBS Group AG1 21,501,026 336,597
Deutsche Bank AG1,3 15,301,581 276,910
Indiabulls Housing Finance Ltd.1,2 26,207,577 249,510
Itaú Unibanco Holding SA, preferred nominative (ADR) 24,029,500 247,023
Macquarie Group Ltd.1 3,392,000 213,816
Svenska Handelsbanken AB, Class A1 13,841,154 192,312
Sberbank of Russia PJSC (ADR) 1 15,630,000 180,492
Brookfield Asset Management Inc., Class A 5,347,000 176,504
Siam Commercial Bank Public Co. Ltd., foreign registered 1 40,078,440 169,974
AXA SA1 6,440,241 162,512
Axis Bank Ltd.1 21,393,890 141,369
Industrial and Commercial Bank of China Ltd., Class H1 208,300,000 124,236
Metropolitan Bank & Trust Co.1 84,220,000 123,125
Aberdeen Asset Management PLC1 35,986,042 114,366
KASIKORNBANK PCL1 14,819,400 73,208
KASIKORNBANK PCL, nonvoting depository receipts1 6,150,600 30,368
Banco Santander, SA1 19,290,000 100,698
Capitec Bank Holdings Ltd.1 1,790,000 90,654
Bankia, SA1 75,948,709 77,592
Hana Financial Group Inc.1 2,975,293 76,807
Eurobank Ergasias SA1,3 108,860,228 73,764
Standard Chartered PLC1,3 4,860,000 39,805
Standard Chartered PLC (HKD denominated)1,3 3,954,857 31,743
RSA Insurance Group PLC1 9,457,706 68,213
Royal Bank of Canada 1,000,000 67,680
Kinnevik AB, Class B 1 2,318,633 55,551
Haci Ömer Sabanci Holding AS1 19,560,000 50,768
EuroPacific Growth Fund — Page 1 of 12
unaudited
Common stocks
Financials (continued) 		Shares Value
(000)
Bangkok Bank PCL, nonvoting depository receipt 1 10,507,900 $46,660
Banca Popolare Di Milano1 24,275,000 9,151
    20,527,477
Information technology 14.94%    
Taiwan Semiconductor Manufacturing Co., Ltd.1 397,350,649 2,225,179
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) 5,962,723 171,428
Alibaba Group Holding Ltd. (ADR)3 24,708,445 2,169,649
Nintendo Co., Ltd.1,2 9,967,154 2,083,589
Tencent Holdings Ltd.1 84,322,587 2,046,524
Samsung Electronics Co., Ltd.1 1,237,239 1,828,092
Samsung Electronics Co., Ltd., nonvoting preferred1 48,800 57,384
ASML Holding NV1 12,981,811 1,454,529
Murata Manufacturing Co., Ltd.1 10,668,526 1,420,697
Infineon Technologies AG1,2 63,274,842 1,096,669
Baidu, Inc., Class A (ADR)3 3,994,530 656,741
NAVER Corp.1 577,756 370,037
Keyence Corp.1 418,000 286,405
Tata Consultancy Services Ltd.1 7,966,000 276,907
Nokia Corp.1 53,027,000 254,659
Yandex NV, Class A3 11,483,088 231,155
SK hynix, Inc. 1,3 6,283,000 229,664
AAC Technologies Holdings Inc.1 22,621,000 203,512
TDK Corp.1 2,811,700 192,799
Hexagon AB, Class B1 4,132,949 147,386
Halma PLC1 10,055,157 110,826
Tech Mahindra Ltd.1 14,244,916 102,244
LG Display Co., Ltd.1,3 3,543,269 91,471
ASM Pacific Technology Ltd.1 8,247,000 87,306
Worldpay Group PLC1 26,270,800 87,124
Samsung SDI Co., Ltd.1 868,326 78,033
    17,960,009
Consumer discretionary 12.11%    
Sony Corp.1 52,863,500 1,469,134
Altice NV, Class A1,2,3 52,918,115 1,046,725
Altice NV, Class B1,2,3 16,341,536 324,979
Naspers Ltd., Class N1 7,306,532 1,064,600
adidas AG1 5,151,373 814,127
Ctrip.com International, Ltd. (ADR)3 18,068,000 722,720
Industria de Diseño Textil, SA1 19,166,000 654,049
Paddy Power Betfair PLC1,2 5,775,791 617,141
Toyota Motor Corp.1 10,501,300 613,060
LVMH Moët Hennessy-Louis Vuitton SE1 2,984,700 569,114
Galaxy Entertainment Group Ltd.1 121,926,000 524,546
Rakuten, Inc.1 49,182,900 481,281
Hyundai Motor Co.1 3,674,447 441,459
Kering SA1 1,914,100 429,112
Mahindra & Mahindra Ltd.1 23,135,488 401,995
Kroton Educacional SA, ordinary nominative2 90,424,000 370,342
Liberty Global PLC, Class C, nonvoting3 8,508,070 252,690
Liberty Global PLC, Class A3 3,790,000 115,936
Hyundai Mobis Co., Ltd.1 1,595,000 347,870
Sands China Ltd.1 78,995,200 339,741
ASOS PLC1,2,3 5,302,939 322,748
EuroPacific Growth Fund — Page 2 of 12
unaudited
Common stocks
Consumer discretionary (continued) 		Shares Value
(000)
Barratt Developments PLC1 50,098,000 $285,011
Steinhoff International Holdings NV1 43,624,481 225,272
B&M European Value Retail SA1,2 60,545,000 207,120
H & M Hennes & Mauritz AB, Class B1 7,370,003 204,590
Don Quijote Holdings Co., Ltd.1 5,288,500 195,370
William Hill PLC1,2 45,270,007 161,349
Techtronic Industries Co. Ltd.1 43,815,000 156,956
Li & Fung Ltd.1 335,850,000 146,842
Dixons Carphone PLC1 32,095,074 139,921
Melco Crown Entertainment Ltd. (ADR) 8,414,000 133,783
Publicis Groupe SA1 1,847,205 127,430
Motherson Sumi Systems Ltd.1 20,220,000 97,143
Mr Price Group Ltd.1 7,550,000 87,307
Ryohin Keikaku Co., Ltd.1 425,000 83,102
Restaurant Brands International Inc. 1,727,410 82,328
TOD’S SpA1 1,224,376 79,604
Global Brands Group Holding Ltd.1,2,3 540,040,100 71,089
Sports Direct International PLC1,3 16,207,678 55,626
Samsonite International SA1 14,220,000 40,456
Hermès International1 47,805 19,605
HUGO BOSS AG1 246,134 15,187
Schibsted ASA, Class B1 478,558 10,142
Maruti Suzuki India Ltd.1 96,000 7,478
Ferrari NV1 78,157 4,547
    14,560,627
Industrials 8.91%    
Airbus Group SE, non-registered shares1 26,444,700 1,745,312
Ryanair Holdings PLC (ADR)3 10,729,994 893,379
International Consolidated Airlines Group, SA (CDI)1,2 153,050,123 830,019
Recruit Holdings Co., Ltd.1 18,302,100 732,905
Komatsu Ltd.1 28,375,000 640,457
Toshiba Corp.1,2,3 263,979,000 637,786
Rolls-Royce Holdings PLC1,3 61,182,544 503,156
Babcock International Group PLC1,2 32,759,478 384,324
Jardine Matheson Holdings Ltd.1 6,770,400 373,476
Eicher Motors Ltd.1 1,087,308 348,397
Nidec Corp.1 3,878,900 333,586
ASSA ABLOY AB, Class B1 15,659,000 290,474
KONE Oyj, Class B1 6,348,354 284,410
Leonardo - Finmeccanica SPA1,3 19,988,136 280,227
Abertis Infraestructuras, SA, Class A, non-registered shares1 19,766,202 276,554
Geberit AG1 612,000 244,918
Groupe Eurotunnel SE1 24,791,248 235,356
CK Hutchison Holdings Ltd.1 20,691,784 233,592
Wolseley PLC1 3,313,904 202,460
easyJet PLC1 15,145,795 187,334
SK Holdings Co., Ltd.1 977,455 185,440
SECOM Co., Ltd.1 2,536,000 185,065
Edenred SA1 8,850,000 175,387
Adecco Group AG 1 1,590,000 103,810
Ashtead Group PLC1 5,011,399 97,089
Safran SA1 1,288,741 92,786
Capita PLC1 7,998,900 52,368
SMC Corp.1 216,000 51,402
EuroPacific Growth Fund — Page 3 of 12
unaudited
Common stocks
Industrials (continued) 		Shares Value
(000)
Air France-KLM1,3 9,233,795 $50,267
Alliance Global Group, Inc.1 150,350,000 38,653
ALFA, SAB de CV, Class A, ordinary participation certificates 10,850,000 13,451
Andritz AG1 199,196 9,999
    10,713,839
Consumer staples 7.67%    
British American Tobacco PLC1 33,010,999 1,874,329
Associated British Foods PLC1,2 46,102,964 1,558,114
Nestlé SA1 13,074,799 937,804
AMOREPACIFIC Corp.1,2 3,267,500 868,783
Pernod Ricard SA1 7,989,513 865,521
Alimentation Couche-Tard Inc., Class B 14,041,800 636,700
Kao Corp.1 12,748,800 603,185
CP ALL PCL1 331,395,000 577,501
Uni-Charm Corp.1 15,595,000 340,593
Japan Tobacco Inc.1 6,068,000 199,354
Coca-Cola European Partners PLC 4,952,418 155,506
Thai Beverage PCL1 230,295,000 134,805
Treasury Wine Estates Ltd.1 16,669,734 128,266
Coca-Cola HBC AG (CDI)1 3,562,746 77,656
Glanbia PLC1 4,345,231 72,171
Shiseido Co., Ltd.1 2,722,000 68,764
President Chain Store Corp.1 9,569,000 68,448
Ajinomoto Co., Inc.1 2,846,000 57,239
    9,224,739
Health care 7.56%    
Novo Nordisk A/S, Class B1 57,463,051 2,064,044
Novartis AG1 27,554,832 2,004,301
Bayer AG1 8,650,500 902,471
Sysmex Corp.1,2 14,852,138 858,499
UCB SA1,2 12,642,824 809,242
Grifols, SA, Class A, non-registered shares1 12,687,000 252,078
Grifols, SA, Class B, preferred nonvoting, non-registered shares1 11,254,100 180,482
Grifols, SA, Class B (ADR) 3,541,478 56,912
Takeda Pharmaceutical Co. Ltd.1 9,397,000 388,099
Teva Pharmaceutical Industries Ltd. (ADR) 8,328,000 301,890
Roche Holding AG, non-registered shares, nonvoting1 1,187,538 270,584
Sanofi1 2,570,000 207,851
Fresenius SE & Co. KGaA1 2,582,800 201,753
Merck KGaA1 1,645,500 171,726
AstraZeneca PLC1 2,408,000 130,594
Astellas Pharma Inc.1 7,067,000 97,957
Chugai Pharmaceutical Co., Ltd.1 3,323,000 95,172
Fresenius Medical Care AG & Co. KGaA1 616,735 52,289
Hypermarcas SA, ordinary nominative 3,089,700 24,805
GlaxoSmithKline PLC1 1,225,000 23,394
    9,094,143
Materials 6.47%    
Glencore PLC1,3 388,631,838 1,306,229
HeidelbergCement AG1,2 12,205,510 1,138,707
ArcelorMittal SA1,3 109,902,099 810,277
Nitto Denko Corp.1,2 10,347,699 792,313
EuroPacific Growth Fund — Page 4 of 12
unaudited
Common stocks
Materials (continued) 		Shares Value
(000)
Vale SA, Class A, preferred nominative (ADR) 54,086,700 $372,657
Vale SA, Class A, preferred nominative 21,884,800 156,940
Chr. Hansen Holding A/S1,2 8,743,000 483,624
Fortescue Metals Group Ltd.1 113,673,000 480,015
Rio Tinto PLC1 10,308,000 392,535
First Quantum Minerals Ltd.2 38,070,001 378,531
Koninklijke DSM NV1 6,106,619 365,581
Grasim Industries Ltd.1,2 23,664,540 299,610
Klabin SA, units 46,825,000 254,936
Syngenta AG1 433,214 171,198
Amcor Ltd.1 13,350,000 143,806
Akzo Nobel NV1 1,656,000 103,419
BASF SE1 824,000 76,847
Wacker Chemie AG1 340,500 35,395
Croda International PLC1 342,758 13,446
    7,776,066
Energy 6.08%    
Reliance Industries Ltd.1 77,708,800 1,237,569
Royal Dutch Shell PLC, Class A1 20,756,731 571,946
Royal Dutch Shell PLC, Class B1 15,616,914 445,641
Royal Dutch Shell PLC, Class A (ADR) 1,018,989 55,413
Royal Dutch Shell PLC, Class A (EUR denominated)1 753,385 20,478
Enbridge Inc. (CAD denominated) 19,069,362 802,457
Petróleo Brasileiro SA (Petrobras), ordinary nominative (ADR)3 70,591,703 713,682
Petróleo Brasileiro SA (Petrobras), preferred nominative3 1,107,800 5,061
Schlumberger Ltd. 8,184,700 687,106
TOTAL SA1 11,940,709 609,546
Canadian Natural Resources, Ltd. 15,710,000 500,675
Tourmaline Oil Corp.2,3 14,417,000 385,591
Tourmaline Oil Corp.1,2,3,4 2,130,000 54,120
Seven Generations Energy Ltd., Class A3 14,979,680 349,319
Oil Search Ltd.1 48,335,452 249,559
Tullow Oil PLC1,2 58,865,498 225,613
Suncor Energy Inc. 4,659,000 152,333
BP PLC1 21,600,000 134,211
Pembina Pipeline Corp. 2,338,679 73,088
Galp Energia, SGPS, SA, Class B1 2,590,000 38,501
    7,311,909
Telecommunication services 3.94%    
SoftBank Group Corp.1 30,465,406 2,011,245
Nippon Telegraph and Telephone Corp.1 18,441,000 775,182
China Mobile Ltd.1 60,118,000 630,384
KDDI Corp.1 12,578,800 317,588
MTN Group Ltd.1 25,116,375 229,415
SFR Group SA, non-registered shares1,3 3,633,061 102,430
Telia Co. AB1 25,400,000 102,182
TDC A/S1,3 19,525,000 100,245
Idea Cellular Ltd.1 80,123,441 87,320
Bharti Airtel Ltd.1 16,800,000 75,570
Perusahaan Perseroan (Persero) Telekomunikasi Indonesia Tbk PT, Class B1 240,000,000 70,604
Vodafone Group PLC1 27,700,000 68,128
Intouch Holdings PCL1 36,860,000 51,154
TalkTalk Telecom Group PLC1 23,374,000 48,672
EuroPacific Growth Fund — Page 5 of 12
unaudited
Common stocks
Telecommunication services (continued) 		Shares Value
(000)
BT Group PLC1 9,137,672 $41,379
Reliance Communications Ltd.1,3 56,198,451 28,004
    4,739,502
Utilities 2.87%    
DONG Energy AS1,3 20,843,635 788,899
Power Grid Corp. of India Ltd.1 191,947,666 518,520
Cheung Kong Infrastructure Holdings Ltd.1 53,723,000 427,285
Enel SPA1 93,109,100 409,738
China Gas Holdings Ltd.1 225,874,000 306,073
Power Assets Holdings Ltd.1 32,404,000 285,478
SSE PLC1 9,710,022 185,619
ACCIONA, SA1 2,421,000 178,164
ENN Energy Holdings Ltd.1 43,322,000 177,463
China Resources Gas Group Ltd.1 62,600,000 175,447
    3,452,686
Real estate 1.68%    
Cheung Kong Property Holdings Ltd.1 137,525,368 833,977
Sun Hung Kai Properties Ltd.1 34,731,694 434,845
Ayala Land, Inc.1 338,868,700 217,875
Ayala Land, Inc., preference shares1,3 481,283,600 871
Henderson Land Development Co. Ltd.1 33,915,681 179,039
Wharf (Holdings) Ltd.1 26,928,000 176,959
Daiwa House Industry Co., Ltd.1 6,375,000 173,907
    2,017,473
Miscellaneous 4.43%    
Other common stocks in initial period of acquisition   5,322,296
Total common stocks (cost: $89,033,718,000)   112,700,766
Convertible bonds 0.02%
Miscellaneous 0.02% 		Principal amount
(000) 		 
Other convertible bonds in initial period of acquisition   28,760
Total convertible bonds (cost: $26,705,000)   28,760
Bonds, notes & other debt instruments 0.35%
U.S. Treasury bonds & notes 0.30%
U.S. Treasury 0.30% 		   
U.S. Treasury 0.875% 2017 $255,250 255,467
U.S. Treasury 0.875% 2017 108,700 108,791
Total U.S. Treasury bonds & notes   364,258
Bonds & notes of governments outside the U.S. 0.04%    
Brazil (Federative Republic of) 10.00% 2025 BRL161,000 45,993
EuroPacific Growth Fund — Page 6 of 12
unaudited
Bonds, notes & other debt instruments
Corporate bonds & notes 0.01%
Energy 0.01% 		Principal amount
(000) 		Value
(000)
Petróleos Mexicanos 7.19% 2024 MXN300,000 $12,338
Petróleos Mexicanos 7.47% 2026 62,500 2,489
Total corporate bonds & notes   14,827
Total bonds, notes & other debt instruments (cost: $423,289,000)   425,078
Short-term securities 5.77%    
American Honda Finance Corp. 0.65%–0.70% due 1/19/2017–1/27/2017 $190,000 189,934
ANZ New Zealand (International) Ltd. 0.88% due 3/2/20175 44,000 43,932
Apple Inc. 0.53%–0.56% due 1/12/2017–1/18/20175 139,600 139,574
Bank of Nova Scotia 0.91% due 1/9/20175 80,000 79,988
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.72% due 2/1/2017 16,300 16,289
BNP Paribas, New York Branch 0.94%–1.21% due 3/9/2017–4/5/2017 75,000 74,846
Canadian Imperial Bank of Commerce 0.80%–1.21% due 2/16/2017–2/22/20175 137,300 137,284
Chariot Funding, LLC 0.62% due 1/24/20175 15,000 14,993
Chevron Corp. 0.60%–0.67% due 1/31/2017–2/7/20175 100,000 99,930
Ciesco LLC 1.06% due 3/24/20175 100,000 99,782
Citibank, N.A. 1.22% due 6/1/2017 50,000 50,014
CPPIB Capital Inc. 0.69%–0.70% due 1/6/2017–2/3/20175 90,000 89,973
Export Development Canada 0.70% due 2/13/2017 41,500 41,473
ExxonMobil Corp. 0.53% due 1/23/2017 50,000 49,978
Fairway Finance Corp. 0.95% due 3/14/20175 40,000 39,929
Fannie Mae 0.41%–0.60% due 1/3/2017–2/14/2017 165,300 165,253
Federal Farm Credit Banks 0.52%–0.54% due 4/17/2017–5/26/2017 105,000 104,785
Federal Home Loan Bank 0.36%–0.63% due 1/4/2017–5/15/2017 2,350,757 2,349,590
Freddie Mac 0.36%–0.60% due 1/4/2017–5/3/2017 534,500 534,202
John Deere Canada ULC 0.70% due 1/26/20175 22,060 22,051
John Deere Financial Inc. 0.65% due 1/10/20175 50,000 49,993
KfW 0.78%–0.88% due 2/1/2017–3/2/20175 75,000 74,911
Liberty Street Funding Corp. 0.97% due 3/8/20175 60,000 59,906
Microsoft Corp. 0.71%–0.86% due 1/24/2017–3/13/20175 208,000 207,830
Mitsubishi UFJ Trust and Banking Corp. 0.70% due 1/19/20175 50,000 49,981
Mizuho Bank, Ltd. 1.00%–1.05% due 3/13/2017–3/29/20175 254,600 253,999
Nestlé Capital Corp. 0.71% due 1/12/20175 40,000 39,992
Nordea Bank AB 0.91% due 1/12/20175 10,700 10,698
Old Line Funding, LLC 0.91%–1.02% due 1/10/2017–1/20/20175 106,500 106,466
Paccar Financial Corp. 0.60% due 1/3/2017 30,000 29,998
Sumitomo Mitsui Banking Corp. 0.95%–1.00% due 1/18/2017–4/4/20175 100,000 99,857
Svenska Handelsbanken Inc. 0.95%–1.08% due 1/6/2017–4/24/20175 103,750 103,575
Toronto-Dominion Holdings USA Inc. 0.69%–1.16% due 1/17/2017–4/13/20175 180,000 179,912
Total Capital Canada Ltd. 0.70% due 1/9/20175 124,300 124,283
Toyota Credit Canada Inc. 0.68% due 1/10/2017 50,000 49,991
Toyota Motor Credit Corp. 0.67%–0.91% due 1/23/2017–3/9/2017 100,000 99,904
U.S. Treasury Bills 0.35%–0.48% due 1/19/2017–2/16/2017 663,300 663,035
Victory Receivables Corp. 0.72%–1.12% due 1/9/2017–3/20/20175 200,000 199,744
Wells Fargo Bank, N.A. 0.90%–1.09% due 3/2/2017–4/24/2017 153,750 153,786
Westpac Banking Corp. 0.91% due 1/23/20175 33,100 33,086
Total short-term securities (cost: $6,934,289,000)   6,934,747
Total investment securities 99.87% (cost: $96,418,001,000)   120,089,351
Other assets less liabilities 0.13%   151,540
Net assets 100.00%   $120,240,891
EuroPacific Growth Fund — Page 7 of 12
unaudited
As permitted by U.S. Securities and Exchange Commission regulations, “Miscellaneous” securities include holdings in their first year of acquisition that have not previously been publicly disclosed.
Forward currency contracts
The fund has entered into forward currency contracts as shown in the following table. The average month-end notional amount of open forward currency contracts while held was $5,418,270,000.
  Settlement
date 		Counterparty Contract amount Unrealized
appreciation
(depreciation)
at 12/31/2016
(000)
Receive
(000) 		Deliver
(000)
Sales:          
British pounds 1/9/2017 Barclays Bank PLC $181,828 £142,700 $5,904
British pounds 1/11/2017 Citibank $506,969 £407,659 4,369
British pounds 1/12/2017 JPMorgan Chase $98,900 £78,550 2,054
British pounds 1/19/2017 UBS AG $219,104 £175,150 3,117
British pounds 1/19/2017 Bank of America, N.A. $219,099 £175,151 3,112
British pounds 1/19/2017 JPMorgan Chase $215,404 £172,199 3,056
British pounds 1/24/2017 Bank of America, N.A. $26,157 £21,000 257
British pounds 2/7/2017 Bank of America, N.A. $219,033 £171,695 7,213
British pounds 2/17/2017 UBS AG $199,733 £160,279 1,958
Euros 1/6/2017 JPMorgan Chase $760,693 €695,389 28,309
Euros 1/9/2017 Citibank $509,466 €471,505 12,803
Euros 1/10/2017 Barclays Bank PLC $121,976 €112,974 2,969
Euros 1/10/2017 JPMorgan Chase $48,121 €44,570 1,171
Euros 1/26/2017 HSBC Bank $66,043 €63,093 (472)
Euros 1/26/2017 Bank of America, N.A. $292,664 €279,700 (2,205)
Euros 1/27/2017 Barclays Bank PLC $127,271 €121,578 (908)
Euros 2/24/2017 HSBC Bank $42,849 €41,021 (452)
Japanese yen 1/6/2017 JPMorgan Chase $6,394 ¥664,700 704
Japanese yen 1/11/2017 Barclays Bank PLC $486,760 ¥50,000,000 58,582
Japanese yen 1/13/2017 JPMorgan Chase $45,124 ¥4,900,000 3,158
Japanese yen 1/20/2017 HSBC Bank $448,144 ¥50,945,000 11,671
Japanese yen 2/7/2017 Bank of America, N.A. $487,705 ¥50,000,000 58,985
Japanese yen 2/7/2017 JPMorgan Chase $466,258 ¥52,834,000 13,238
Japanese yen 2/16/2017 Bank of America, N.A. $31,926 ¥3,669,900 448
Japanese yen 2/17/2017 JPMorgan Chase $132,631 ¥15,599,497 (1,176)
Japanese yen 2/17/2017 Citibank $265,212 ¥31,198,993 (2,401)
Japanese yen 2/24/2017 Barclays Bank PLC $494,745 ¥58,183,000 (4,456)
          $211,008
Investments in affiliates
A company is an affiliate of the fund under the Investment Company Act of 1940 if the fund’s holdings in that company represent 5% or more of the outstanding voting shares. Further details on these holdings and related transactions during the nine months ended December 31, 2016, appear below.
  Beginning
shares 		Additions Reductions Ending
shares 		Dividend
income
(000) 		Value of
affiliates at
12/31/2016
(000)
Nintendo Co., Ltd.1 11,325,300 64,000 1,422,146 9,967,154 $— $2,083,589
Associated British Foods PLC1 40,015,838 6,087,126 — 46,102,964 21,389 1,558,114
Altice NV, Class A1,3 42,421,231 10,496,884 — 52,918,115 — 1,046,725
Altice NV, Class B1,3 16,341,536 — — 16,341,536 — 324,979
EuroPacific Growth Fund — Page 8 of 12
unaudited
  Beginning
shares 		Additions Reductions Ending
shares 		Dividend
income
(000) 		Value of
affiliates at
12/31/2016
(000)
UniCredit SpA1 37,802,730 365,591,866 — 403,394,596 $5,118 $1,159,673
HeidelbergCement AG1 6,278,510 5,927,000 — 12,205,510 10,209 1,138,707
Infineon Technologies AG1 52,368,143 14,149,699 3,243,000 63,274,842 — 1,096,669
AMOREPACIFIC Corp.1 1,378,000 1,889,500 — 3,267,500 4,599 868,783
Sysmex Corp.1 11,336,974 4,331,564 816,400 14,852,138 5,176 858,499
International Consolidated Airlines Group, SA (CDI)1 156,533,816 9,550,000 13,033,693 153,050,123 35,756 830,019
UCB SA1 12,642,824 — — 12,642,824 15,795 809,242
Nitto Denko Corp.1,6 7,100,499 3,247,200 — 10,347,699 7,708 792,313
Toshiba Corp.1,3 174,569,000 89,410,000 — 263,979,000 — 637,786
Paddy Power Betfair PLC1 4,436,476 1,339,315 — 5,775,791 2,464 617,141
Chr. Hansen Holding A/S1 8,743,000 — — 8,743,000 6,543 483,624
Tourmaline Oil Corp.3 14,417,000 — — 14,417,000 — 385,591
Tourmaline Oil Corp.1,3,4 — 2,130,000 — 2,130,000 — 54,120
Babcock International Group PLC1 32,759,478 — — 32,759,478 11,381 384,324
First Quantum Minerals Ltd. 38,070,001 — — 38,070,001 440 378,531
Kroton Educacional SA, ordinary nominative 84,909,100 5,514,900 — 90,424,000 8,012 370,342
ASOS PLC1,3 3,534,605 1,768,334 — 5,302,939 — 322,748
Grasim Industries Ltd.1 1,727,954 34,382,586 12,446,000 23,664,540 759 299,610
Grasim Industries Ltd. (GDR)1 1,915,953 573,247 2,489,200 — 839 —
Indiabulls Housing Finance Ltd.1 26,207,577 — — 26,207,577 7,058 249,510
Tullow Oil PLC1 59,145,000 155,000 434,502 58,865,498 — 225,613
B&M European Value Retail SA1 63,424,531 — 2,879,531 60,545,000 13,681 207,120
William Hill PLC1,6 40,476,007 4,794,000 — 45,270,007 7,220 161,349
Global Brands Group Holding Ltd.1,3 543,368,100 — 3,328,000 540,040,100 — 71,089
Barratt Developments PLC1,7 53,444,467 5,473,533 8,820,000 50,098,000 21,069 —
NAVER Corp.1,7 1,670,228 — 1,092,472 577,756 550 —
Tech Mahindra Ltd.1,7 61,831,716 — 47,586,800 14,244,916 11,049 —
Yandex NV, Class A3,7 12,712,200 1,206,800 2,435,912 11,483,088 — —
          $196,815 $17,415,810
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
1 Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities, including those in “Miscellaneous,“ was $97,181,723,000, which represented 80.82% of the net assets of the fund. This amount includes $95,192,352,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading.
2 Represents an affiliated company as defined under the Investment Company Act of 1940.
3 Security did not produce income during the last 12 months.
4 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 this holding appear below.
5 Acquired in a transaction exempt from registration under Rule 144A or Section 4(2) 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 $2,244,308,000, which represented 1.87% of the net assets of the fund.
6 This security was an unaffiliated issuer in its initial period of acquisition at 3/31/2016; it was not publicly disclosed.
7 Unaffiliated issuer at 12/31/2016.
    
Private placement security Acquisition
date 		Cost
(000) 		Value
(000) 		Percent
of net
assets
Tourmaline Oil Corp. 12/1/2016 $55,981 $54,120 .05%
EuroPacific Growth Fund — Page 9 of 12
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 of each share class of the fund is generally determined as of approximately 4:00 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.
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; 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. Forward currency contracts are valued at the mean of representative quoted bid and ask prices, generally based on prices supplied by one or more pricing vendors.
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 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; 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 trustees 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
EuroPacific Growth Fund — Page 10 of 12
unaudited
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 trustees with supplemental information to support the changes. 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, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.
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 December 31, 2016 (dollars in thousands):
  Investment securities
  Level 1 Level 2* Level 3 Total
Assets:        
Common stocks:        
Financials $2,508,438 $18,019,039 $— $20,527,477
Information technology 3,228,973 14,731,036 — 17,960,009
Consumer discretionary 1,677,799 12,882,828 — 14,560,627
Industrials 906,830 9,807,009 — 10,713,839
Consumer staples 792,206 8,432,533 — 9,224,739
Health care 383,607 8,710,536 — 9,094,143
Materials 1,163,064 6,613,002 — 7,776,066
Energy 3,724,725 3,587,184 — 7,311,909
Telecommunication services — 4,739,502 — 4,739,502
Utilities — 3,452,686 — 3,452,686
Real estate — 2,016,602 871 2,017,473
Miscellaneous 1,133,401 4,188,895 — 5,322,296
Convertible bonds — 28,760 — 28,760
Bonds, notes & other debt instruments — 425,078 — 425,078
Short-term securities — 6,934,747 — 6,934,747
Total $15,519,043 $104,569,437 $871 $120,089,351
    
  Other investments†
  Level 1 Level 2 Level 3 Total
Assets:        
Unrealized appreciation on open forward currency contracts $— $223,078 $— $223,078
Liabilities:        
Unrealized depreciation on open forward currency contracts — (12,070) — (12,070)
Total $— $211,008 $— $211,008
* Securities with a value of $88,563,011,000, which represented 73.65% of the net assets of the fund, transferred from Level 1 to Level 2 since the prior fiscal year-end, primarily due to significant market movements following the close of local trading.
† Forward currency contracts are not included in the investment portfolio.
EuroPacific Growth Fund — Page 11 of 12
unaudited
Federal income tax information (dollars in thousands)
Gross unrealized appreciation on investment securities $27,779,930
Gross unrealized depreciation on investment securities (5,479,899)
Net unrealized appreciation on investment securities 22,300,031
Cost of investment securities 97,789,320
    
Key to abbreviations and symbols
ADR = American Depositary Receipts
BRL = Brazilian reais
£ = British pounds
CAD = Canadian dollars
CDI = CREST Depository Interest
EUR/€ = Euros
GDR = Global Depositary Receipts
HKD = Hong Kong dollars
¥ = Japanese yen
MXN = Mexican pesos
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 American Funds website at americanfunds.com.
MFGEFPX-016-0217O-S54096 EuroPacific Growth Fund — Page 12 of 12

 

 

ITEM 2 – Controls and Procedures

 

The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

 

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

 

ITEM 3 – Exhibits

 

The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  EUROPACIFIC GROWTH FUND
   
  By /s/ Walter R. Burkley
 

Walter R. Burkley, Executive Vice President and

Principal Executive Officer

   
  Date: February 28, 2017

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

 

By /s/ Walter R. Burkley

Walter R. Burkley, Executive Vice President and

Principal Executive Officer

 
Date: February 28, 2017

 

 

 

By /s/ Brian C. Janssen

Brian C. Janssen, Treasurer and

Principal Financial Officer

 
Date: February 28, 2017