International Growth and Income Fund
Investment portfolio
March 31, 2026
unaudited
 
Common stocks 95.10%
Financials 19.00%
 
Shares
Value
(000)
UniCredit SpA
2,999,334
$216,124
AIA Group, Ltd.
16,261,590
182,680
CaixaBank SA, non-registered shares
12,525,336
150,284
DBS Group Holdings, Ltd.
3,160,796
140,445
HSBC Holdings PLC (GBP denominated)
6,096,562
99,759
HSBC Holdings PLC (HKD denominated)
2,473,600
40,599
Skandinaviska Enskilda Banken AB, Class A
6,639,452
121,984
BNP Paribas SA
1,210,432
115,307
Banco Bilbao Vizcaya Argentaria SA
4,827,913
105,376
KB Financial Group, Inc.
1,038,111
97,121
Societe Generale
1,301,038
94,997
Resona Holdings, Inc.
8,420,200
93,691
Prudential PLC
6,652,519
92,772
Japan Post Bank Co., Ltd. (a)
5,461,450
89,853
Bank Hapoalim BM
3,383,913
79,205
Deutsche Boerse AG
257,349
74,821
Euronext NV
460,671
74,121
NatWest Group PLC
9,976,370
74,025
PICC Property and Casualty Co., Ltd., Class H
38,708,956
71,327
Bank Leumi le-Israel BM
3,174,894
70,753
Munchener Ruckversicherungs-Gesellschaft AG
109,350
68,117
Aviva PLC
8,129,550
64,756
Banco Santander SA
5,598,749
63,352
AXA SA
1,236,198
56,674
Axis Bank, Ltd.
4,400,470
55,877
Tokio Marine Holdings, Inc. (a)
1,135,900
53,044
Canadian Imperial Bank of Commerce (CAD denominated)
438,559
41,564
Canadian Imperial Bank of Commerce
102,694
9,730
Ping An Insurance (Group) Co. of China, Ltd., Class H
6,526,500
50,896
Saudi National Bank (The)
4,154,285
46,242
T&D Holdings, Inc. (a)
1,765,300
44,867
3i Group PLC
1,334,700
43,734
Abu Dhabi Islamic Bank PJSC
6,935,255
39,229
Credicorp, Ltd.
114,834
38,949
Hiscox, Ltd.
1,718,808
34,640
Mizuho Financial Group, Inc.
861,500
34,387
MS&AD Insurance Group Holdings, Inc. (a)
1,285,000
33,628
Pluxee NV (a)
2,719,708
33,321
Tryg A/S
1,371,819
32,838
Plus500, Ltd.
585,653
31,617
London Stock Exchange Group PLC
262,811
31,061
Kotak Mahindra Bank, Ltd.
8,047,450
30,743
XP, Inc., Class A
1,549,547
29,503
CVC Capital Partners PLC (a)
2,178,186
28,557
Allianz SE
68,485
28,379
Grupo Financiero Banorte, SAB de CV, Series O
2,533,544
28,099
International Growth and Income Fund — Page 1 of 10
unaudited
Common stocks (continued)
Financials (continued)
 
Shares
Value
(000)
Zurich Insurance Group AG
39,071
$27,858
People’s Insurance Co. (Group) of China, Ltd. (The), Class H
39,029,000
27,154
Samsung Life Insurance Co., Ltd.
191,043
26,826
Macquarie Group, Ltd.
188,338
26,721
Hana Financial Group, Inc.
374,596
26,539
Partners Group Holding AG
21,821
23,444
ING Groep NV
874,142
22,841
Erste Group Bank AG
200,000
21,611
Brookfield Corp., Class A (CAD denominated)
521,906
21,149
Abu Dhabi Commercial Bank PJSC
6,140,103
20,892
Etoro Group, Ltd., Class A (b)
617,155
18,533
Shinhan Financial Group Co., Ltd.
307,656
17,741
Royal Bank of Canada
109,085
17,634
Banca Generali SpA
272,292
16,236
Grupo Financiero Inbursa, SAB de CV
6,160,308
15,518
Hong Kong Exchanges and Clearing, Ltd.
290,800
14,739
FirstRand Ltd.
2,858,067
14,609
BAWAG Group AG
89,894
13,720
HDFC Bank, Ltd.
1,528,456
12,153
Bank Central Asia Tbk PT
27,216,100
10,413
Shriram Finance, Ltd.
822,763
7,647
Adyen NV (b)
6,982
6,987
Medibank Private Ltd.
1,500,169
4,540
Banco Santander (Brasil) SA, units
706,081
4,177
PKO Bank Polski SA, Class C
165,970
3,925
Deutsche Bank AG
89,941
2,632
Sberbank of Russia PJSC (c)
22,898,260
—
(d)
 
3,565,287
Industrials 14.07%
 
 
 
BAE Systems PLC
12,695,154
369,543
Airbus SE, non-registered shares
1,184,690
222,515
Ryanair Holdings PLC (ADR)
3,239,805
187,261
Siemens AG
493,073
116,952
Deutsche Post AG
1,959,041
101,030
Hitachi, Ltd.
3,289,800
96,146
Singapore Technologies Engineering, Ltd.
9,652,800
82,268
DSV A/S
341,347
81,549
Safran SA
234,036
76,540
Compagnie de Saint-Gobain SA, non-registered shares
784,547
64,564
ITOCHU Corp.
5,061,100
64,329
ASSA ABLOY AB, Class B
1,743,285
62,515
Diploma PLC
763,992
60,961
Komatsu, Ltd. (a)
1,479,500
58,078
Alliance Global Group, Inc.
350,520,000
51,728
Rolls-Royce Holdings PLC
3,359,148
51,297
Mitsui & Co., Ltd. (a)
1,257,400
48,410
Deutsche Lufthansa AG (a)
5,681,989
46,899
Techtronic Industries Co., Ltd.
3,430,500
45,662
Schneider Electric SE
155,294
42,655
Copa Holdings SA, Class A
358,265
40,702
RELX PLC
1,206,892
39,790
ABB, Ltd.
471,139
38,319
SPIE SA
730,553
36,529
IHI Corp.
1,645,469
33,630
International Growth and Income Fund — Page 2 of 10
unaudited
Common stocks (continued)
Industrials (continued)
 
Shares
Value
(000)
Contemporary Amperex Technology Co., Ltd., Class A
569,580
$33,385
Bombardier, Inc., Class B (b)
175,773
31,086
SGH, Ltd.
1,081,403
30,669
Hanwha Aerospace Co., Ltd.
37,200
30,312
Marubeni Corp.
786,900
28,935
CSG NV (b)
1,040,536
27,999
Kingspan Group PLC
313,225
26,439
International Consolidated Airlines Group SA (CDI)
5,117,643
23,995
Mitsubishi Electric Corp.
662,500
21,636
Alstom SA (b)
757,268
21,578
Daikin Industries, Ltd.
171,600
20,818
Weir Group PLC (The)
528,046
19,755
Brambles, Ltd.
1,259,052
19,674
Kubota Corp.
1,204,800
19,011
Caterpillar, Inc.
24,070
17,053
SMC Corp.
42,000
16,428
Recruit Holdings Co., Ltd.
362,300
16,177
Leonardo SpA
239,500
16,087
Vinci SA
100,430
15,041
Full Truck Alliance Co., Ltd., Class A (ADR)
1,686,880
14,001
International Container Terminal Services, Inc.
1,187,540
13,619
Sunbelt Rentals Holdings, Inc. (CDI)
198,290
12,662
Taisei Corp.
108,500
11,331
Metso Corp.
583,759
10,096
Volvo AB, Class B
218,526
7,129
Larsen & Toubro, Ltd.
163,033
6,079
Wolters Kluwer NV
61,659
4,613
Babcock International Group PLC
280,623
4,323
Wizz Air Holdings PLC (a)(b)
14,179
166
 
2,639,969
Information technology 13.13%
 
 
 
Taiwan Semiconductor Manufacturing Co., Ltd.
15,889,107
895,755
ASML Holding NV
297,954
394,383
Samsung Electronics Co., Ltd.
2,313,506
259,876
MediaTek, Inc.
4,033,800
195,321
SK hynix, Inc.
300,468
163,422
Broadcom, Inc.
310,801
96,196
SAP SE
550,474
93,158
ASMPT, Ltd.
5,939,500
77,468
Tokyo Electron, Ltd.
258,225
63,150
Accton Technology Corp.
754,000
36,713
Jentech Precision Industrial Co., Ltd.
296,000
36,653
Dassault Systemes SE
1,719,131
35,001
Shopify, Inc., Class A, subordinate voting shares (CAD denominated) (b)
194,498
23,078
Bechtle AG, non-registered shares
537,265
18,170
Lenovo Group Ltd.
14,742,000
17,519
Fujitsu, Ltd.
856,000
17,396
Kioxia Holdings Corp. (b)
120,000
15,255
eMemory Technology, Inc.
133,000
11,572
Keyence Corp.
22,000
7,792
Baidu, Inc., Class A (b)
323,700
4,500
Capgemini SE
21,671
2,533
 
2,464,911
International Growth and Income Fund — Page 3 of 10
unaudited
Common stocks (continued)
Materials 8.80%
 
Shares
Value
(000)
Barrick Mining Corp.
4,722,237
$192,620
Barrick Mining Corp. (CAD denominated)
350,000
14,303
Glencore PLC
26,811,068
204,300
BASF SE (a)
2,589,505
156,474
Vale SA (ADR), ordinary nominative shares
5,522,983
87,871
Vale SA, ordinary nominative shares
1,412,606
22,493
Valterra Platinum, Ltd. (ZAR denominated)
1,059,641
91,094
Valterra Platinum, Ltd. (GBP denominated)
110,074
9,100
Nutrien, Ltd. (CAD denominated)
800,998
60,465
Nutrien, Ltd.
326,200
24,615
Amcor PLC
1,503,482
59,764
Amcor PLC (CDI)
579,245
22,596
Heidelberg Materials AG, non-registered shares
382,237
78,725
Agnico Eagle Mines, Ltd. (CAD denominated)
315,617
64,065
Norsk Hydro ASA
4,744,505
50,308
Anhui Conch Cement Co., Ltd., Class H
18,246,520
49,572
Grupo Mexico, SAB de CV, Series B
4,391,941
47,029
Linde PLC
84,144
41,715
Mitsubishi Chemical Group Corp. (a)
6,724,400
38,941
Impala Platinum Holdings, Ltd.
2,490,431
36,601
Pan American Silver Corp.
667,355
36,458
Southern Copper Corp.
198,586
34,169
Smurfit Westrock PLC
764,071
30,448
Shin-Etsu Chemical Co., Ltd.
715,900
29,128
Aura Minerals, Inc.
319,941
26,107
Holcim, Ltd.
299,306
24,837
Saudi Basic Industries Corp. non-registered shares
1,388,015
22,280
KGHM Polska Miedz SA (b)
260,166
19,049
Antofagasta PLC
419,130
18,646
Freeport-McMoRan, Inc.
299,662
17,614
Fortescue, Ltd.
1,053,018
14,875
Rio Tinto PLC
124,529
11,575
Air Liquide SA
50,352
10,373
CEMEX, SAB de CV (ADR)
285,112
3,262
Alrosa PJSC (b)(c)
3,661,021
—
(d)
 
1,651,472
Consumer staples 7.61%
 
 
 
British American Tobacco PLC
4,022,937
234,339
Nestle SA
2,260,930
224,259
Philip Morris International, Inc.
1,012,844
167,464
Pernod Ricard SA
1,473,928
110,013
Imperial Brands PLC
2,544,811
103,572
Carlsberg A/S, Class B
712,994
88,964
KT&G Corp.
849,089
88,811
Carrefour SA, non-registered shares
3,969,189
73,175
Arca Continental, SAB de CV
5,561,593
64,146
L’Oreal SA
154,603
63,397
Danone SA
648,292
52,066
Yamazaki Baking Co., Ltd.
1,974,500
44,215
Anheuser-Busch InBev SA/NV
624,320
43,322
Unilever PLC
428,092
24,002
United Spirits, Ltd.
1,313,582
16,954
International Growth and Income Fund — Page 4 of 10
unaudited
Common stocks (continued)
Consumer staples (continued)
 
Shares
Value
(000)
Kweichow Moutai Co., Ltd., Class A
79,300
$16,706
Ocado Group PLC (a)(b)
5,665,595
13,633
 
1,429,038
Consumer discretionary 7.26%
 
 
 
Industria de Diseno Textil SA
4,039,019
232,227
Trip.com Group, Ltd. (ADR) (b)
1,581,421
78,739
Trip.com Group, Ltd. (b)
444,200
21,970
Renault SA
2,936,490
99,635
Prosus NV, Class N
2,113,034
96,593
H World Group, Ltd. (ADR)
1,811,070
91,079
H World Group, Ltd.
37,300
188
MGM China Holdings, Ltd.
51,498,000
73,252
Compagnie Generale des Etablissements Michelin
1,919,680
65,370
Nitori Holdings Co., Ltd.
3,961,300
62,915
Compagnie Financiere Richemont SA, Class A
334,624
59,628
LVMH Moet Hennessy-Louis Vuitton SE
97,301
54,086
Moncler SpA
865,132
52,139
Amadeus IT Group SA, Class A, non-registered shares
872,534
49,599
Li Ning Co., Ltd.
13,229,000
36,884
Entain PLC
4,607,715
34,794
ANTA Sports Products, Ltd.
2,867,007
27,948
B&M European Value Retail PLC
11,111,306
25,025
InterContinental Hotels Group PLC
132,006
17,385
Paltac Corp.
558,900
17,025
Hyundai Motor Co.
53,871
16,056
Games Workshop Group PLC
66,538
15,684
Alibaba Group Holding, Ltd. (ADR)
124,434
15,612
Galaxy Entertainment Group, Ltd.
3,430,000
15,463
Dixon Technologies (India), Ltd.
142,587
15,184
D’Ieteren Group (a)
81,663
15,098
Ryohin Keikaku Co., Ltd.
654,193
13,913
Amber Enterprises India, Ltd. (b)
194,823
13,607
BYD Co., Ltd., Class A
787,490
12,039
Aristocrat Leisure, Ltd.
230,388
7,320
Meituan, Class B (b)
592,800
6,442
Fuyao Glass Industry Group Co., Ltd., Class A (b)
770,000
6,385
Accor SA
108,344
5,191
Berkeley Group Holdings PLC (b)
105,388
4,831
ASICS Corp.
134,800
3,585
 
1,362,891
Health care 6.67%
 
 
 
AstraZeneca PLC (GBP denominated)
1,944,366
379,770
Sanofi
1,868,236
180,202
Roche Holding AG, nonvoting shares
360,332
142,283
Novo Nordisk AS, Class B
2,484,573
91,554
Bayer AG
1,897,137
86,246
Chugai Pharmaceutical Co., Ltd.
1,333,800
73,797
EssilorLuxottica SA
292,793
68,143
Takeda Pharmaceutical Co., Ltd.
1,262,800
46,586
Grifols SA, Class B (ADR)
5,180,416
41,547
Fresenius SE & Co. KGaA
584,203
29,925
bioMerieux SA
252,180
26,855
Haleon PLC
4,992,933
24,715
International Growth and Income Fund — Page 5 of 10
unaudited
Common stocks (continued)
Health care (continued)
 
Shares
Value
(000)
Max Healthcare Institute, Ltd.
1,817,718
$18,892
Genus PLC
552,254
17,525
Jiangsu Hengrui Pharmaceutical Co., Ltd., Class H (a)(b)
1,670,400
13,794
HOYA Corp.
51,800
8,935
Euroapi SA (b)
42,234
65
 
1,250,834
Communication services 6.55%
 
 
 
Koninklijke KPN NV
36,363,573
202,251
Singapore Telecommunications, Ltd.
40,174,054
155,520
Orange
7,546,871
154,200
BT Group PLC
46,361,617
129,951
Tencent Holdings, Ltd.
1,983,779
125,240
Nintendo Co., Ltd. (a)
1,345,585
76,780
Bharti Airtel, Ltd.
3,604,227
68,527
MTN Group, Ltd.
4,370,146
50,709
NetEase, Inc.
1,931,600
42,977
Advanced Info Service PCL, foreign registered shares
3,407,800
39,494
Nippon Television Holdings, Inc.
1,851,500
37,257
America Movil, SAB de CV, Class B (ADR)
1,219,335
31,069
Swisscom AG
35,494
29,629
HYBE Co., Ltd.
119,466
24,045
Publicis Groupe SA
268,238
22,183
Bezeq - The Israel Telecommunication Corp., Ltd.
8,210,111
19,686
KT Corp. (ADR)
872,808
18,722
 
1,228,240
Energy 6.12%
 
 
 
TotalEnergies SE (EUR denominated)
4,386,351
405,006
Cenovus Energy, Inc. (CAD denominated)
4,804,075
127,501
Cenovus Energy, Inc.
564,300
14,971
Shell PLC (GBP denominated)
2,984,485
139,366
Canadian Natural Resources, Ltd. (CAD denominated) (a)
2,503,638
122,131
Cameco Corp. (CAD denominated)
1,079,866
117,434
SLB, Ltd.
1,255,613
64,526
Petroleo Brasileiro SA PETROBRAS (ADR), ordinary nominative shares
2,006,262
41,630
Gaztransport & Technigaz SA
131,919
30,743
BP PLC
3,644,651
28,729
Adnoc Gas PLC
17,465,508
15,278
TC Energy Corp. (CAD denominated) (a)
225,567
14,125
Tourmaline Oil Corp.
249,925
11,962
ADNOC Drilling Co. PJSC
8,052,566
11,295
South Bow Corp. (a)
97,112
3,231
Sovcomflot PAO (b)(c)
16,933,870
—
(d)
 
1,147,928
Utilities 4.26%
 
 
 
SSE PLC
6,489,593
224,047
Iberdrola SA, non-registered shares
7,261,078
166,683
Engie SA
4,986,562
160,768
RWE AG
1,850,272
123,235
Veolia Environnement SA (a)
1,104,985
42,211
Snam SpA
5,065,375
38,525
International Growth and Income Fund — Page 6 of 10
unaudited
Common stocks (continued)
Utilities (continued)
 
Shares
Value
(000)
Brookfield Infrastructure Partners, LP (CAD denominated)
816,254
$29,444
CPFL Energia SA
1,567,921
14,759
 
799,672
Real estate 1.63%
 
 
 
Mitsubishi Estate Co., Ltd.
3,664,900
101,413
Link REIT
8,084,825
37,433
China Resources Land, Ltd.
9,923,000
37,131
Prologis Property Mexico, SA de CV, REIT
7,673,219
33,509
Henderson Land Development Co., Ltd. (a)
7,534,000
27,943
CK Asset Holdings, Ltd.
4,669,120
26,671
Sun Hung Kai Properties, Ltd.
1,495,000
25,338
Longfor Group Holdings, Ltd. (a)
9,051,101
8,925
Goodman Logistics (HK), Ltd. REIT
471,027
8,385
 
306,748
Total common stocks (cost: $12,228,697,000)
17,846,990
Preferred securities 0.04%
Information technology 0.04%
 
 
 
Samsung Electronics Co., Ltd., nonvoting preferred shares
83,303
6,632
Total preferred securities (cost: $8,093,000)
6,632
Short-term securities 5.23%
Money market investments 4.15%
 
 
 
Capital Group Central Cash Fund 3.71% (e)(f)
7,788,472
778,770
Money market investments purchased with collateral from securities on loan 1.08%
 
 
 
BlackRock Liquidity Funds – FedFund, Institutional Shares 3.55% (e)(g)
38,600,000
38,600
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 3.57% (e)(g)
38,600,000
38,600
State Street Institutional U.S. Government Money Market Fund, Premier Class 3.60% (e)(g)
32,500,000
32,500
Goldman Sachs Financial Square Government Fund, Institutional Shares 3.53% (e)(g)
28,400,000
28,400
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.58% (e)(g)
16,440,764
16,441
Capital Group Central Cash Fund 3.71% (e)(f)(g)
163,451
16,343
Fidelity Investments Money Market Government Portfolio, Class I 3.53% (e)(g)
16,200,000
16,200
Dreyfus Treasury Obligations Cash Management, Institutional Shares 3.54% (e)(g)
14,200,000
14,200
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 3.58% (e)(g)
2,000,000
2,000
 
203,284
Total short-term securities (cost: $982,088,000)
982,054
Total investment securities 100.37% (cost: $13,218,878,000)
18,835,676
Other assets less liabilities (0.37)%
(69,387
)
Net assets 100.00%
$18,766,289
International Growth and Income Fund — Page 7 of 10
unaudited
Investments in affiliates (f)
 
 
Value at
7/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
3/31/2026
(000)
Dividend
or interest
income
(000)
Short-term securities 4.24%
Money market investments 4.15%
Capital Group Central Cash Fund 3.71% (e)
$701,291
$2,175,140
$2,097,628
$51
$(84
)
$778,770
$15,320
Money market investments purchased with collateral
from securities on loan 0.09%
Capital Group Central Cash Fund 3.71% (e)(g)
6,793
9,550
(h)
16,343
—
(i)
Total 4.24%
$51
$(84
)
$795,113
$15,320
 
(a)
All or a portion of this security was on loan. 
(b)
Non-income producing.
(c)
Value determined using significant unobservable inputs.
(d)
Amount less than one thousand.
(e)
Rate represents the seven-day yield at 3/31/2026.
(f)
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.
(g)
Security purchased with cash collateral from securities on loan.
(h)
Represents net activity.
(i)
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. 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, 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.
International Growth and Income Fund — Page 8 of 10
unaudited
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.
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 March 31, 2026, were as follows (dollars in thousands):
International Growth and Income Fund — Page 9 of 10
unaudited
 
 
Investment securities
 
Level 1
Level 2
Level 3
Total
Assets:
Common stocks:
Financials
$224,856
$3,340,431
$—
*
$3,565,287
Industrials
290,103
2,349,866
—
2,639,969
Information technology
119,274
2,345,637
—
2,464,911
Materials
762,998
888,474
—
*
1,651,472
Consumer staples
231,610
1,197,428
—
1,429,038
Consumer discretionary
185,430
1,177,461
—
1,362,891
Health care
41,547
1,209,287
—
1,250,834
Communication services
49,791
1,178,449
—
1,228,240
Energy
517,511
630,417
—
*
1,147,928
Utilities
44,203
755,469
—
799,672
Real estate
33,509
273,239
—
306,748
Preferred securities
—
6,632
—
6,632
Short-term securities
982,054
—
—
982,054
Total
$3,482,886
$15,352,790
$—
*
$18,835,676
*
Amount less than one thousand. 
Key to abbreviation(s)
ADR = American Depositary Receipts
CAD = Canadian dollars
CDI = CREST Depository Interest
EUR = Euros
GBP = British pounds
HKD = Hong Kong dollars
REIT = Real Estate Investment Trust
ZAR = South African rand
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.
MFGEFP3-034-0526
International Growth and Income Fund — Page 10 of 10