| 1
| Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $901,592,000, which represented 80.65% of the net assets
of the fund. This entire amount relates 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
| Security did not produce income during the last 12 months.
|
| 3
| All or a portion of this security was on loan. The total value of all such securities was $9,908,000, which represented .89% of the net assets of the fund.
|
| 4
| Rate represents the seven-day yield at 7/31/2022.
|
| 5
| Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
|
| 6
| Security purchased with cash collateral from securities on loan.
|
| 7
| Represents net activity.
|
| 8
| Dividend income is included with securities lending income and is not shown in this table.
|
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 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 & 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.
