New World Fund®
Investment portfolio
July 31, 2026
unaudited
 
Common stocks 94.62%
Information technology 30.64%
 
Shares
Value
(000)
Taiwan Semiconductor Manufacturing Co., Ltd.
117,800,738
$8,838,974
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)
902,932
365,010
SK hynix, Inc.
3,351,209
4,038,281
Samsung Electronics Co., Ltd.
12,625,939
2,324,689
Broadcom, Inc.
3,627,698
1,412,190
NVIDIA Corp.
5,875,411
1,179,489
Microsoft Corp.
2,033,858
945,174
ASML Holding NV
427,486
706,997
ASML Holding NV (ADR)
60,556
98,645
MediaTek, Inc.
6,699,130
773,730
Tokyo Electron, Ltd.
1,371,622
478,458
Delta Electronics, Inc.
9,053,055
459,390
Baidu, Inc., Class A (a)
32,961,650
445,098
Zhongji Innolight Co., Ltd., Class A
1,749,879
233,923
Zhongji Innolight Co., Ltd., Class H (a)
1,370,230
179,613
Elite Material Co., Ltd.
2,228,475
343,538
KLA Corp.
1,742,890
318,635
Accton Technology Corp.
4,605,000
317,922
Seagate Technology Holdings PLC
317,503
271,824
Cloudflare, Inc., Class A (a)
954,420
266,264
Lenovo Group Ltd.
86,584,642
263,428
Xiaomi Corp., Class B (a)
66,135,900
242,705
Corning, Inc.
1,636,935
226,306
NAURA Technology Group Co., Ltd., Class A
2,048,637
208,581
Apple, Inc.
642,658
198,523
Micron Technology, Inc.
225,710
185,766
Murata Manufacturing Co., Ltd.
3,837,900
178,887
ASE Technology Holding Co., Ltd.
7,500,000
131,888
eMemory Technology, Inc.
1,660,000
127,123
Keyence Corp.
225,787
115,161
Kokusai Electric Corp.
2,177,000
101,554
Western Digital Corp.
186,233
101,467
Jentech Precision Industrial Co., Ltd.
909,000
96,894
Capgemini SE
786,400
92,951
Hygon Information Technology Co., Ltd., Class A
2,248,012
92,285
Applied Materials, Inc.
158,769
80,602
Cadence Design Systems, Inc. (a)
200,524
68,182
TDK Corp.
3,557,314
67,254
Kioxia Holdings Corp. (a)
226,500
66,197
SAP SE (ADR) (b)
170,938
31,388
SAP SE
142,040
25,827
Advanced Micro Devices, Inc. (a)
108,380
51,605
Oracle Corp.
378,711
49,183
Tata Consultancy Services, Ltd.
1,972,493
48,904
Intel Corp. (a)
527,129
47,547
Credo Technology Group Holding, Ltd. (a)
201,840
41,779
New World Fund — Page 1 of 21
unaudited
Common stocks (continued)
Information technology (continued)
 
Shares
Value
(000)
Coherent Corp. (a)
157,664
$41,448
LITE-ON Technology Corp.
4,905,000
33,306
Chroma ATE, Inc.
480,000
31,189
International Business Machines Corp.
121,115
27,087
Teradyne, Inc.
62,112
22,838
Canva Australia Holdings Pty, Ltd. (a)(c)(d)
10,572
17,403
Disco Corp.
43,100
15,842
ARM Holdings PLC (ADR) (a)
49,254
11,806
Globant SA (a)(b)
139,725
5,114
 
27,145,864
Financials 14.91%
 
 
 
Banco Bilbao Vizcaya Argentaria SA
34,592,756
965,353
Nu Holdings, Ltd., Class A (a)
45,962,706
658,646
Samsung Life Insurance Co., Ltd.
2,193,633
479,285
Abu Dhabi Islamic Bank PJSC
76,639,759
442,770
Hana Financial Group, Inc.
4,542,539
399,547
Capitec Bank Holdings, Ltd.
1,380,236
393,830
AIA Group, Ltd.
35,720,068
360,963
Standard Chartered PLC (GBP denominated)
11,391,012
335,907
Bajaj Finance, Ltd.
27,915,244
333,877
Mastercard, Inc., Class A
572,399
328,042
Emirates NBD Bank PJSC
39,519,805
324,938
ICICI Bank, Ltd.
21,449,551
322,682
Shriram Finance, Ltd.
28,873,526
316,742
KB Financial Group, Inc.
2,653,990
313,669
Eurobank SA
60,137,155
308,595
UniCredit SpA
3,108,544
292,541
Abu Dhabi Commercial Bank PJSC
70,784,585
289,074
3i Group PLC
7,414,099
286,181
Shinhan Financial Group Co., Ltd.
3,982,906
281,320
PKO Bank Polski SA, Class C
8,568,504
256,712
Banco BTG Pactual SA, units
21,349,716
239,224
PICC Property and Casualty Co., Ltd., Class H
113,764,000
237,903
HSBC Holdings PLC (GBP denominated)
6,662,991
141,526
HSBC Holdings PLC (HKD denominated)
4,022,800
86,279
Discovery, Ltd.
14,185,854
225,102
Saudi National Bank (The)
21,467,973
224,344
Aon PLC, Class A
600,056
216,350
Banco Santander SA
15,091,456
214,367
Axis Bank, Ltd.
14,665,229
188,973
National Bank of Greece SA
9,832,225
182,542
OTP Bank PLC
1,175,416
173,938
Credicorp, Ltd.
408,063
163,462
FirstRand Ltd.
26,361,941
157,458
Cholamandalam Investment and Finance Co., Ltd.
8,047,979
156,034
Ping An Insurance (Group) Co. of China, Ltd., Class H
19,289,500
144,258
AU Small Finance Bank, Ltd.
12,486,824
137,059
XP, Inc., Class A
7,965,328
135,888
Saudi Awwal Bank SJSC, non-registered shares
14,532,808
130,988
BSE, Ltd.
3,416,496
130,558
Yapi ve Kredi Bankasi AS (a)
165,216,534
113,902
People’s Insurance Co. (Group) of China, Ltd. (The), Class H
163,331,000
113,714
B3 SA - Brasil, Bolsa, Balcao
33,351,381
103,492
Bank of China, Ltd., Class H
145,418,000
102,169
New World Fund — Page 2 of 21
unaudited
Common stocks (continued)
Financials (continued)
 
Shares
Value
(000)
Multi Commodity Exchange of India, Ltd.
3,498,054
$98,700
Hong Kong Exchanges and Clearing, Ltd.
1,826,500
95,163
Commercial International Bank - Egypt (CIB) SAE (GDR)
35,090,387
94,919
Akbank TAS
69,412,361
92,611
Erste Group Bank AG
696,424
90,588
Kaspi.kz JSC (ADR)
1,004,185
89,151
Bank of the Philippine Islands
49,244,795
82,450
Futu Holdings, Ltd. (ADR)
779,109
81,900
Samsung Fire & Marine Insurance Co., Ltd.
178,478
79,118
Brookfield Corp., Class A
1,776,737
75,565
Kasikornbank PCL, foreign registered shares
10,241,600
74,802
Banco Santander (Brasil) SA, units
12,456,892
70,331
SCB X PCL, foreign registered shares
14,583,100
66,788
DBS Group Holdings, Ltd.
1,150,000
66,375
Vietnam Technological and Commercial JSCB (The)
59,826,173
65,853
SinoPac Financial Holdings Co., Ltd.
49,406,760
62,066
Visa, Inc., Class A
159,427
58,371
Public Bank Bhd.
45,907,500
58,079
Al Rajhi Banking and Investment Corp., non-registered shares
2,948,083
49,162
BDO Unibank, Inc.
22,349,196
45,450
Qatar National Bank QPSC
9,587,036
43,850
Max Financial Services, Ltd. (a)
2,716,650
42,679
S&P Global, Inc.
102,388
42,177
Bank Central Asia Tbk PT
96,016,300
33,750
Wise Group PLC, Class A (CDI) (a)
1,914,754
22,854
Wise Group PLC, Class A (a)
798,493
9,582
State Bank of India
2,921,048
31,453
DB Insurance Co., Ltd.
226,196
24,909
China Merchants Bank Co., Ltd., Class H
3,009,500
19,533
Central Depository Services (India), Ltd.
1,271,428
17,763
Haci Amer Sabanci Holding AS
8,912,964
15,849
Sberbank of Russia PJSC (c)
38,486,552
—
(e)
 
13,212,045
Industrials 11.90%
 
 
 
International Container Terminal Services, Inc.
83,111,797
1,307,361
Contemporary Amperex Technology Co., Ltd., Class A
14,876,459
871,526
Contemporary Amperex Technology Co., Ltd., Class H (b)
458,000
36,354
Rolls-Royce Holdings PLC
37,543,309
742,692
Hitachi, Ltd.
17,238,094
570,649
Airbus SE, non-registered shares
2,328,645
542,963
Weichai Power Co., Ltd., Class A
74,268,059
307,637
Weichai Power Co., Ltd., Class H
29,216,000
122,714
Adani Ports & Special Economic Zone, Ltd.
22,603,873
401,902
Rumo SA (f)
109,277,435
311,288
Copa Holdings SA, Class A
2,164,364
305,651
GE Vernova, Inc.
306,426
303,451
Larsen & Toubro, Ltd.
7,106,252
293,359
General Electric Co.
793,253
285,627
Techtronic Industries Co., Ltd.
16,330,369
274,866
BAE Systems PLC
9,367,326
264,364
Aselan Elektronik Sanayi ve Ticaret AS
35,369,416
254,745
Adani Enterprises, Ltd.
7,112,916
224,350
WEG SA
22,761,242
211,935
Localiza Rent a Car SA, ordinary nominative shares
28,258,379
209,660
New World Fund — Page 3 of 21
unaudited
Common stocks (continued)
Industrials (continued)
 
Shares
Value
(000)
Localiza Rent a Car SA
106,446
$767
Hanwha Aerospace Co., Ltd.
325,716
209,498
Kanzhun, Ltd., Class A (ADR)
12,080,462
196,670
AGCO Corp.
1,636,783
167,214
LG Corp.
2,347,361
166,457
TransDigm Group, Inc.
117,855
147,835
Mitsui & Co., Ltd.
4,468,000
138,641
IHI Corp.
7,792,288
138,479
HD Hyundai Marine Solution Co., Ltd.
1,064,313
137,360
Uber Technologies, Inc. (a)
1,781,947
125,378
Shenzhen Inovance Technology Co., Ltd., Class A
11,417,903
108,399
Weir Group PLC (The)
2,910,850
103,413
Grab Holdings, Ltd., Class A (a)
23,682,775
82,890
Mitsubishi Heavy Industries, Ltd.
3,051,900
72,200
Daikin Industries, Ltd. (b)
470,000
68,814
Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret A.S.
10,678,520
66,405
Ayala Corp.
7,157,440
59,801
Komatsu, Ltd.
1,321,500
58,091
Andritz AG
615,839
57,665
SM Investments Corp.
5,622,110
54,596
Schneider Electric SE
153,595
51,293
Didi Global, Inc. (ADR) (a)
14,024,421
49,646
HD Hyundai Electric Co., Ltd.
100,795
48,358
Hyosung Heavy Industries Corp.
28,243
47,881
GT Capital Holdings, Inc.
5,400,900
42,787
Turk Hava Yollari Anonim Ortakligi, non-registered shares (a)
5,935,818
39,223
Jiangsu Hengli Hydraulic Co., Ltd., Class A
2,328,973
37,432
Siemens AG
105,036
34,235
International Consolidated Airlines Group SA (CDI)
5,108,727
29,737
Embraer SA
1,615,546
27,692
JSW Infrastructure, Ltd.
7,506,185
24,576
Acter Group Corp., Ltd.
738,000
21,122
Bureau Veritas SA
655,928
20,922
AirTAC International Group
423,000
17,342
Carrier Global Corp.
275,600
17,035
Leonardo SpA
262,490
16,684
Siemens Energy AG
52,152
8,867
 
10,538,499
Consumer discretionary 8.55%
 
 
 
MercadoLibre, Inc. (a)
671,207
1,260,493
Alibaba Group Holding, Ltd.
38,820,900
579,165
Alibaba Group Holding, Ltd. (ADR)
2,118,575
258,996
Midea Group Co., Ltd., Class A
55,191,547
716,524
Trip.com Group, Ltd. (ADR) (a)
6,371,238
299,512
Trip.com Group, Ltd. (a)
525,510
24,552
Compagnie Financiere Richemont SA, Class A
1,202,783
284,014
Ryohin Keikaku Co., Ltd. (b)
10,256,000
269,252
H World Group, Ltd. (ADR)
5,672,318
242,151
H World Group, Ltd.
174,900
742
Shenzhou International Group Holdings, Ltd.
41,587,100
236,401
Hyundai Mobis Co., Ltd.
621,847
207,617
Vibra Energia SA
24,633,346
175,184
Eternal, Ltd. (a)
54,433,956
172,547
Fuyao Glass Industry Group Co., Ltd., Class A
19,055,188
168,594
New World Fund — Page 4 of 21
unaudited
Common stocks (continued)
Consumer discretionary (continued)
 
Shares
Value
(000)
BYD Co., Ltd., Class A
10,769,590
$152,856
Jumbo SA
5,154,860
143,853
Sea, Ltd., Class A (ADR) (a)
1,322,912
141,208
LVMH Moet Hennessy-Louis Vuitton SE
256,073
140,307
Eicher Motors, Ltd.
1,420,820
116,648
TVS Motor Co., Ltd.
2,549,664
115,254
PDD Holdings, Inc. (ADR) (a)
1,267,107
112,215
Maruti Suzuki India, Ltd.
729,383
108,809
Royal Caribbean Cruises, Ltd.
318,600
101,410
Lenskart Solutions, Ltd. (a)
15,345,074
90,287
Panasonic Holdings Corp.
3,255,700
87,662
Naspers, Ltd., Class N
1,656,969
87,002
Inchcape PLC
7,628,012
86,203
Wynn Resorts, Ltd.
821,346
81,568
Coupang, Inc., Class A (a)
4,733,315
77,390
Kalyan Jewellers India, Ltd. (a)
10,652,122
68,391
Starbucks Corp.
607,645
63,955
Fast Retailing Co., Ltd.
125,800
61,823
Tesla, Inc. (a)
198,371
61,735
Geely Automobile Holdings, Ltd.
23,123,000
58,379
MakeMyTrip, Ltd. (a)(b)
953,986
54,330
Yum! Brands, Inc.
335,967
51,497
Marriott International, Inc., Class A
117,974
43,984
Aptiv Holdings, Ltd. (a)
760,676
42,955
ANTA Sports Products, Ltd.
4,210,000
42,382
Cyrela Brazil Realty SA, ordinary nominative shares
9,908,494
41,771
Mahindra & Mahindra, Ltd.
1,169,826
41,667
Booking Holdings, Inc.
196,693
37,942
Industria de Diseno Textil SA
555,631
36,163
Meituan, Class B (a)
2,984,500
35,202
Moncler SpA
580,484
32,867
Hyundai Motor Co.
117,673
32,024
Pop Mart International Group, Ltd. (b)
1,390,600
28,832
Li Ning Co., Ltd.
13,645,500
26,360
Accor SA
505,668
26,182
Kering SA
78,526
25,735
Tube Investments of India, Ltd.
702,883
20,280
Hilton Worldwide Holdings, Inc.
57,260
18,351
Laopu Gold Co., Ltd., Class H (b)
434,700
18,003
Shangri-La Asia, Ltd.
32,230,000
17,014
Galaxy Entertainment Group, Ltd.
3,682,994
16,061
Sands China, Ltd.
6,733,678
12,639
Versigent PLC
253,558
10,485
New Oriental Education & Technology Group Inc. (ADR)
143,041
8,424
Meesho, Ltd. (a)
2,050,679
3,916
 
7,577,765
Communication services 8.05%
 
 
 
Tencent Holdings, Ltd.
30,692,139
1,859,750
Alphabet, Inc., Class A
2,512,807
894,886
Alphabet, Inc., Class C
1,555,092
554,624
Bharti Airtel, Ltd.
41,016,569
847,714
NetEase, Inc.
24,244,021
642,393
NetEase, Inc. (ADR)
513,797
68,474
Meta Platforms, Inc., Class A
1,191,169
663,136
New World Fund — Page 5 of 21
unaudited
Common stocks (continued)
Communication services (continued)
 
Shares
Value
(000)
MTN Group, Ltd.
46,127,636
$572,280
KT Corp. (ADR)
12,829,484
232,085
Baidu, Inc., Class A (ADR) (a)(b)
1,055,916
117,323
True Corp. PCL, foreign registered shares
271,221,731
116,908
Telkom Indonesia (Persero) Tbk PT, Class B
676,744,600
98,913
Advanced Info Service PCL, foreign registered shares
8,290,776
94,305
Orange
4,109,602
78,525
America Movil, SAB de CV, Class B (ADR)
3,065,901
77,721
Airtel Africa PLC
15,690,554
70,419
ROBLOX Corp., Class A (a)
1,331,347
47,396
Netflix, Inc. (a)
641,755
46,020
Singapore Telecommunications, Ltd.
13,000,000
45,008
Info Edge (India), Ltd.
294,936
3,790
 
7,131,670
Materials 8.02%
 
 
 
First Quantum Minerals, Ltd. (a)
32,136,918
890,852
Grupo Mexico, SAB de CV, Series B
62,058,593
744,295
Vale SA, ordinary nominative shares
27,163,602
408,755
Vale SA (ADR), ordinary nominative shares
14,871,893
223,971
Mitsui Kinzoku Co., Ltd. (b)
1,978,400
384,849
Barrick Mining Corp.
7,567,832
277,966
Glencore PLC
35,143,215
257,188
APL Apollo Tubes, Ltd.
13,461,131
256,695
Amcor PLC (CDI)
4,699,455
213,287
Southern Copper Corp.
1,002,301
183,130
Lundin Mining Corp.
7,099,588
175,787
BASF SE
2,987,088
173,606
Zijin Mining Group Co., Ltd., Class H (b)
30,912,000
131,021
Zijin Mining Group Co., Ltd., Class A
6,157,000
30,066
Valterra Platinum, Ltd. (ZAR denominated)
2,008,850
150,745
Valterra Platinum, Ltd. (ADR)
769,421
9,671
Aura Minerals, Inc. (b)
2,857,578
155,938
Suzano SA
16,176,093
138,238
Baoshan Iron & Steel Co., Ltd., Class A
150,495,317
136,722
Gold Fields, Ltd.
4,000,000
130,208
Gold Fields, Ltd. (ADR)
187,474
6,078
Ivanhoe Mines, Ltd., Class A (a)
16,922,485
121,560
Zijin Gold International Co., Ltd. (b)
7,995,776
120,512
Corteva, Inc.
1,508,329
118,721
LG Chem, Ltd.
594,735
107,625
Freeport-McMoRan, Inc.
1,679,385
105,180
Nutrien, Ltd. (CAD denominated)
1,495,108
103,197
Siam Cement PCL, foreign registered shares
13,439,000
102,178
Dow, Inc.
3,200,784
96,952
Saudi Basic Industries Corp. non-registered shares
6,501,770
85,886
Resonac Holdings Co., Ltd.
939,600
81,053
Anhui Conch Cement Co., Ltd., Class H
33,785,000
79,655
Linde PLC
143,864
68,822
Impala Platinum Holdings, Ltd.
6,291,137
68,382
Pan American Silver Corp.
1,563,779
67,414
Sasol, Ltd. (a)
4,148,905
48,789
Sasol, Ltd. (ADR) (a)(b)
1,430,617
16,738
Wheaton Precious Metals Corp. (CAD denominated)
601,098
65,382
Anglo American PLC
1,247,697
62,773
New World Fund — Page 6 of 21
unaudited
Common stocks (continued)
Materials (continued)
 
Shares
Value
(000)
ArcelorMittal SA
780,615
$54,676
Antofagasta PLC
1,039,814
51,221
Shin-Etsu Chemical Co., Ltd.
1,294,200
47,179
MMG, Ltd. (a)(b)
43,512,000
46,550
Loma Negra Compania Industrial Argentina SA (ADR) (a)
3,966,482
45,535
Syensqo SA
492,904
43,681
Welspun Gujarat Stahl Rohren, Ltd.
2,152,462
37,236
Air Liquide SA
162,698
32,030
Lynas Rare Earths, Ltd. (a)
3,201,677
31,743
Anglogold Ashanti PLC (ZAR denominated)
400,000
30,302
Heidelberg Materials AG, non-registered shares
161,599
30,002
Eldorado Gold Corp. (CAD denominated)
578,706
17,466
China Hongqiao Group, Ltd., Class H
3,844,000
12,028
JX Advanced Metals Corp. (b)
468,300
11,176
Sumitomo Metal Mining Co., Ltd.
208,000
10,700
Alrosa PJSC (a)(c)
15,128,747
—
(e)
 
7,101,412
Health care 3.64%
 
 
 
Laurus Labs, Ltd.
20,356,595
387,482
Max Healthcare Institute, Ltd.
32,036,039
368,827
Novo Nordisk AS, Class B
6,470,997
305,980
BeOne Medicines, Ltd. (ADR) (a)
677,287
214,029
BeOne Medicines, Ltd. (a)
2,827,700
69,950
Eli Lilly and Co.
239,068
274,651
AstraZeneca PLC (GBP denominated)
1,369,355
233,130
WuXi AppTec Co., Ltd., Class A
6,657,700
126,720
WuXi AppTec Co., Ltd., Class H (b)
4,087,000
83,747
Teva Pharmaceutical Industries, Ltd. (ADR) (a)
4,306,200
150,760
Thermo Fisher Scientific, Inc.
260,001
149,319
Innovent Biologics, Inc. (a)
13,099,500
144,819
Rede D’Or Sao Luiz SA
18,656,735
127,491
Jiangsu Hengrui Pharmaceutical Co., Ltd., Class A
10,588,248
84,862
Jiangsu Hengrui Pharmaceutical Co., Ltd., Class H (b)
4,080,800
29,712
Takeda Pharmaceutical Co., Ltd.
3,275,000
113,479
Align Technology, Inc. (a)
492,931
83,384
EssilorLuxottica SA
349,094
66,040
Dr. Sulaiman Al Habib Medical Services Group Co.
960,157
60,128
Mettler-Toledo International, Inc. (a)
34,301
48,580
Bayer AG
530,991
29,422
Lupin, Ltd.
1,039,492
26,310
Abbott Laboratories
185,218
19,577
Danaher Corp.
86,143
16,796
Torrent Pharmaceuticals, Ltd.
158,917
8,532
CanSino Biologics, Inc., Class H (a)(b)
828,600
2,460
 
3,226,187
Consumer staples 3.35%
 
 
 
Nestle SA
4,002,214
401,038
KT&G Corp.
1,900,140
238,700
Avenue Supermarts, Ltd. (a)
5,129,245
210,782
Arca Continental, SAB de CV
16,740,746
191,828
Kweichow Moutai Co., Ltd., Class A
877,275
175,597
British American Tobacco PLC
2,703,228
166,498
BBB Foods, Inc., Class A (a)
3,701,455
152,981
New World Fund — Page 7 of 21
unaudited
Common stocks (continued)
Consumer staples (continued)
 
Shares
Value
(000)
Zabka Group (b)
17,489,388
$148,880
JBS NV (BDR)
10,471,528
146,048
Philip Morris International, Inc.
761,230
145,258
Raia Drogasil SA, ordinary nominative shares
30,600,000
111,555
Carlsberg A/S, Class B
674,710
99,531
Anheuser-Busch InBev SA/NV
1,122,089
97,304
Dino Polska SA, non-registered shares (a)
10,010,508
85,724
Wal-Mart de Mexico, SAB de CV, Series V
27,161,819
78,806
Danone SA
948,303
73,835
Mondelez International, Inc., Class A
1,061,944
66,170
L’Oreal SA, non-registered shares
129,501
57,785
United Spirits, Ltd.
3,518,916
55,907
Almarai Co.
3,910,056
48,359
Varun Beverages, Ltd.
9,985,774
46,289
PepsiCo, Inc.
326,535
45,571
Monster Beverage Corp. (a)
423,014
40,770
Bunge Global SA
358,071
38,038
Coca-Cola Co.
350,000
30,656
JD Health International, Inc. (a)
2,608,200
13,104
 
2,967,014
Energy 2.25%
 
 
 
Petroleo Brasileiro SA Petrobras (ADR), ordinary nominative shares
29,425,722
570,859
Vista Energy, SAB de CV, Class A (ADR) (a)
3,823,638
269,375
ADNOC Drilling Co. PJSC
147,231,064
233,293
Reliance Industries, Ltd.
16,949,611
232,319
SLB, Ltd.
2,500,625
124,006
Shell PLC (GBP denominated)
2,535,431
115,619
TotalEnergies SE (EUR denominated)
1,211,200
106,735
BP PLC (ADR)
2,340,330
105,830
ADNOC Gas PLC
80,071,435
71,940
HD Hyundai Co., Ltd.
493,299
69,063
TechnipFMC PLC
439,951
31,527
ExxonMobil Holdings Corp.
184,000
28,601
Baker Hughes Co., Class A
440,097
26,621
Borr Drilling, Ltd. (a)
2,690,597
10,843
Rosneft Oil Co. PJSC (c)
8,335,580
—
(e)
 
1,996,631
Utilities 1.89%
 
 
 
Public Power Corp. SA
12,988,909
334,013
Gulf Development PCL, foreign registered shares
147,025,584
293,765
Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP, ordinary nominative shares
47,044,812
257,073
Power Grid Corp. of India, Ltd.
69,291,144
206,425
NHPC Ltd.
150,000,000
123,770
Adani Green Energy, Ltd. (a)
8,017,040
116,203
Adani Power, Ltd. (a)
52,304,946
115,837
Equatorial SA
14,203,829
108,326
CPFL Energia SA
4,064,561
36,996
NTPC, Ltd.
9,596,918
34,927
Engie SA
855,619
26,748
Iberdrola SA, non-registered shares
646,282
15,389
Eneva SA (a)
1,428,655
7,415
 
1,676,887
New World Fund — Page 8 of 21
unaudited
Common stocks (continued)
Real estate 1.42%
 
Shares
Value
(000)
Lodha Developers, Ltd.
44,613,386
$581,636
China Resources Land, Ltd.
89,368,947
378,334
China Resources Mixc Lifestyle Services, Ltd.
16,317,400
83,060
CK Asset Holdings, Ltd.
8,332,500
50,830
Longfor Group Holdings, Ltd. (b)
56,281,292
49,231
SM Prime Holdings, Inc.
148,869,400
44,500
Phoenix Mills, Ltd. (The) (a)
2,218,000
44,011
ALLOS SA, ordinary nominative shares
2,778,144
14,847
Emaar Properties PJSC
3,367,293
10,085
 
1,256,534
Total common stocks (cost: $52,152,957,000)
83,830,508
Preferred securities 0.89%
Financials 0.52%
 
 
 
Itau Unibanco Holding SA (ADR), preferred nominative shares
41,261,471
349,072
Itau Unibanco Holding SA, preferred nominative shares
13,108,996
110,915
 
459,987
Information technology 0.15%
 
 
 
Samsung Electronics Co., Ltd., nonvoting preferred shares
980,823
131,400
Canva Australia Holdings Pty, Ltd., Series A, noncumulative preferred shares (a)(c)(d)
925
1,523
Canva Australia Holdings Pty, Ltd., Series A-3, noncumulative preferred shares (a)(c)(d)
38
63
Canva Australia Holdings Pty, Ltd., Series A-4, noncumulative preferred shares (a)(c)(d)
3
5
Canva Australia Holdings Pty, Ltd., Series A-5, noncumulative preferred shares (a)(c)(d)
2
3
 
132,994
Real estate 0.10%
 
 
 
QuintoAndar, Ltd., Series E, preference shares (a)(c)(d)
433,164
74,985
QuintoAndar, Ltd., Series E-1, preference shares (a)(c)(d)
113,966
19,729
 
94,714
Energy 0.08%
 
 
 
Petroleo Brasileiro SA Petrobras, preferred nominative shares
8,134,870
69,679
Consumer discretionary 0.04%
 
 
 
Dr. Ing. h.c. F. Porsche AG, nonvoting non-registered preferred shares (b)
654,857
32,048
Cyrela Brazil Realty SA, preferred shares (a)
635,999
2,556
TVS Motor Co., Ltd., 6.00% cumulative preferred shares, 2026 (a)
11,476,152
1,257
Getir BV, Series D, preferred shares (a)(c)(d)
103,205
—
(e)
 
35,861
Total preferred securities (cost: $657,582,000)
793,235
Bonds, notes & other debt instruments 2.03%
Bonds & notes of governments & government agencies outside the U.S. 1.75%
Brazil 0.17%
 
Principal amount
(000)
 
Brazil (Federative Republic of) 0% 1/1/2030
BRL103,900
13,026
Brazil (Federative Republic of) 10.00% 1/1/2031
530,334
90,708
Brazil (Federative Republic of) 6.00% 8/15/2032 (g)
91,376
16,197
New World Fund — Page 9 of 21
unaudited
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued)
Brazil (continued)
 
Principal amount
(000)
Value
(000)
Brazil (Federative Republic of) 10.00% 1/1/2035
BRL102,000
$15,847
Brazil (Federative Republic of) 6.00% 8/15/2050 (g)
89,128
14,452
 
150,230
Mexico 0.16%
 
 
 
Eagle Funding LuxCo SARL 5.50% 8/17/2030 (h)
USD18,200
18,191
United Mexican States 6.875% 5/13/2037
11,065
11,324
United Mexican States 5.125% 3/19/2038
EUR7,935
8,882
United Mexican States 4.75% 3/8/2044
USD13,300
10,314
United Mexican States 3.75% 4/19/2071
22,085
11,937
United Mexican States, Series M, 7.75% 11/23/2034
MXN197,152
10,524
United Mexican States, Series M30, 8.50% 11/18/2038
369,000
19,837
United Mexican States, Series M, 7.75% 11/13/2042
570,000
27,786
United Mexican States, Series M, 8.00% 7/31/2053
385,346
18,711
 
137,506
Malaysia 0.11%
 
 
 
Malaysia (Federation of), Series 0310, 4.498% 4/15/2030
MYR56,300
14,294
Malaysia (Federation of), Series 0419, 3.828% 7/5/2034
206,474
50,859
Malaysia (Federation of), Series 0519, 3.757% 5/22/2040
33,761
8,093
Malaysia (Federation of), Series 0519, 4.638% 11/15/2049
16,166
4,307
Malaysia (Federation of), Series 0120, 4.065% 6/15/2050
49,200
12,012
Malaysia (Federation of), Series 022, 5.357% 5/15/2052
15,534
4,572
Malaysia (Federation of), Series 0124, 4.28% 3/23/2054
22,900
5,767
 
99,904
Colombia 0.11%
 
 
 
Colombia (Republic of) 3.25% 4/22/2032
USD11,800
10,142
Colombia (Republic of), Series B, 7.00% 3/26/2031
COP43,134,600
11,200
Colombia (Republic of), Series B, 13.25% 2/9/2033
141,736,300
46,912
Colombia (Republic of), Series B, 7.25% 10/18/2034
41,522,500
9,920
Colombia (Republic of), Series B, 11.75% 1/24/2035
17,734,500
5,496
Colombia (Republic of), Series UVR, 3.75% 2/25/2037 (g)
130,200
13,887
 
97,557
Indonesia 0.11%
 
 
 
Indonesia (Republic of) 6.625% 2/17/2037
USD8,612
9,107
Indonesia (Republic of), Series 109, 5.875% 3/15/2031
IDR329,696,000
17,307
Indonesia (Republic of), Series FR96, 7.00% 2/15/2033
306,914,000
16,709
Indonesia (Republic of), Series FR100, 6.625% 2/15/2034
291,504,000
15,462
Indonesia (Republic of), Series FR80, 7.50% 6/15/2035
138,600,000
7,755
Indonesia (Republic of), Series FR98, 7.125% 6/15/2038
134,960,000
7,313
Indonesia (Republic of), Series FR83, 7.50% 4/15/2040
167,757,000
9,360
Indonesia (Republic of), Series FR106, 7.125% 8/15/2040
246,706,000
13,488
 
96,501
Poland 0.11%
 
 
 
Poland (Republic of), Series 10Y, 4.875% 10/4/2033
USD8,680
8,509
Poland (Republic of), Series 1033, 6.00% 10/25/2033
PLN148,000
40,872
Poland (Republic of), Series 1034, 5.00% 10/25/2034
101,804
26,236
Poland (Republic of), Series 0436, 5.25% 4/25/2036
71,200
18,370
 
93,987
New World Fund — Page 10 of 21
unaudited
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued)
India 0.10%
 
Principal amount
(000)
Value
(000)
India (Republic of) 7.18% 8/14/2033
INR1,777,200
$19,111
India (Republic of) 7.18% 7/24/2037
2,430,980
26,115
India (Republic of) 8.13% 6/22/2045
1,731,370
19,718
India (Republic of) 7.06% 10/10/2046
1,253,530
12,843
India (Republic of) 7.09% 8/5/2054
1,465,140
14,709
 
92,496
China 0.07%
 
 
 
China (People’s Republic of), Series INBK, 1.63% 10/25/2030
CNY246,800
36,924
China (Peoples Republic of), Series INBK, 1.61% 2/15/2035
126,200
18,695
China (People’s Republic of), Series INBK, 3.12% 10/25/2052
22,100
3,899
 
59,518
Saudi Arabia 0.07%
 
 
 
Gaci First Investment Co. 5.375% 1/29/2054
USD7,200
6,083
Saudi Arabia (Kingdom of) 4.875% 7/18/2033
13,600
13,299
Saudi Arabia (Kingdom of) 5.75% 1/16/2054
42,600
39,144
 
58,526
South Africa 0.06%
 
 
 
South Africa (Republic of) 5.875% 4/20/2032
8,700
8,826
South Africa (Republic of), Series R-2035, 8.875% 2/28/2035
ZAR162,500
10,007
South Africa (Republic of), Series R-209, 6.25% 3/31/2036
350,458
17,822
South Africa (Republic of), Series R-2044, 8.75% 1/31/2044
293,500
16,928
 
53,583
Hungary 0.06%
 
 
 
Hungary (Republic of) 6.25% 9/22/2032 (h)
USD6,200
6,476
Hungary (Republic of) 4.75% 11/24/2032
HUF3,420,000
10,350
Hungary (Republic of) 3.00% 4/25/2041
8,200,000
19,391
MFB Magyar Fejlesztesi Bank Zartkoruen Mukodo Reszvenytarsasag 6.50% 6/29/2028
USD6,700
6,859
MFB Magyar Fejlesztesi Bank Zartkoruen Mukodo Reszvenytarsasag 4.375% 6/27/2030
EUR6,270
7,402
 
50,478
Egypt 0.05%
 
 
 
Egypt (Arab Republic of) 25.318% 8/13/2027
EGP306,500
5,986
Egypt (Arab Republic of) 5.625% 4/16/2030
EUR1,615
1,839
Egypt (Arab Republic of) 5.875% 2/16/2031 (h)
USD2,350
2,256
Egypt (Arab Republic of) 7.625% 5/29/2032
14,200
14,281
Egypt (Arab Republic of) 7.625% 5/29/2032 (h)
7,060
7,100
Egypt (Arab Republic of) 8.50% 1/31/2047
5,010
4,706
Egypt (Arab Republic of) 8.875% 5/29/2050
2,720
2,619
Egypt (Arab Republic of) 8.75% 9/30/2051
7,240
6,919
 
45,706
Czech Republic 0.05%
 
 
 
Czech Republic, Series 121, 1.20% 3/13/2031
CZK511,300
21,175
Czech Republic 3.50% 5/30/2035
301,200
12,963
Czech Republic, Series 142, 1.95% 7/30/2037
300,160
10,684
 
44,822
New World Fund — Page 11 of 21
unaudited
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued)
Philippines 0.04%
 
Principal amount
(000)
Value
(000)
Philippines (Republic of) 6.375% 7/27/2030
PHP228,100
$3,630
Philippines (Republic of) 6.00% 8/20/2030
278,395
4,360
Philippines (Republic of) 6.75% 9/15/2032
777,400
12,328
Philippines (Republic of) 5.00% 1/27/2036
USD10,304
9,872
Philippines (Republic of) 3.95% 1/20/2040
11,700
9,639
 
39,829
Panama 0.04%
 
 
 
Panama (Republic of) 6.70% 1/26/2036
8,987
9,457
Panama (Republic of) 6.875% 1/31/2036
16,426
17,504
Panama (Republic of) 8.00% 3/1/2038
10,618
12,168
 
39,129
Turkey 0.04%
 
 
 
Turkey (Republic of), Series 10Y, 5.875% 6/26/2031
12,630
12,220
Turkey (Republic of), Series 30Y, 4.875% 4/16/2043
30,300
22,064
 
34,284
Peru 0.04%
 
 
 
Peru (Republic of) 3.00% 1/15/2034
5,715
4,840
Peru (Republic of) 7.60% 8/12/2039
PEN59,100
18,657
Peru (Republic of) 5.625% 11/18/2050
USD1,240
1,160
Peru (Republic of) 3.55% 3/10/2051
4,900
3,264
Peru (Republic of) 2.78% 12/1/2060
10,795
5,565
 
33,486
Republic of Angola 0.04%
 
 
 
Angola (Republic of) 8.00% 11/26/2029 (h)
13,202
13,511
Angola (Republic of) 8.75% 4/14/2032 (h)
6,950
7,114
Angola (Republic of) 9.375% 3/31/2033 (h)
10,200
10,536
 
31,161
Chile 0.03%
 
 
 
Chile (Republic of) 4.70% 9/1/2030
CLP15,355,000
16,130
Chile (Republic of) 5.30% 11/1/2037
7,520,000
7,824
Chile (Republic of) 3.10% 5/7/2041
USD9,265
6,785
 
30,739
Federal Republic of Nigeria 0.03%
 
 
 
Nigeria (Republic of) 18.50% 2/21/2031
NGN13,170,200
10,008
Nigeria (Republic of) 7.875% 2/16/2032
USD13,200
13,887
Nigeria (Republic of) 8.631% 1/13/2036 (h)
3,910
4,257
 
28,152
Romania 0.03%
 
 
 
Romania (Republic of) 5.25% 5/30/2032
EUR7,600
8,861
Romania (Republic of) 5.25% 5/30/2032
4,220
4,920
Romania (Republic of) 2.00% 4/14/2033
7,080
6,637
Romania (Republic of) 5.625% 5/30/2037
6,595
7,389
 
27,807
New World Fund — Page 12 of 21
unaudited
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued)
Republic of Kenya 0.03%
 
Principal amount
(000)
Value
(000)
Kenya (Republic of) 6.30% 1/23/2034
USD12,000
$10,689
Kenya (Republic of) 9.50% 3/5/2036 (h)
10,010
10,341
Kenya (Republic of) 9.50% 3/5/2036
6,000
6,198
 
27,228
Kazakhstan 0.03%
 
 
 
Kazakhstan (Republic of) 5.50% 7/1/2037 (h)
17,700
17,606
Kazakhstan (Republic of), Series 16Y, 5.30% 10/19/2027
KZT908,156
1,701
Kazakhstan (Republic of), Series 180, 6.50% 10/24/2027
1,187,388
2,256
Kazakhstan (Republic of), Series 5Y, 15.35% 11/18/2027
2,493,952
5,241
 
26,804
Morocco 0.02%
 
 
 
Morocco (Kingdom of) 5.95% 3/8/2028 (h)
USD4,231
4,284
Morocco (Kingdom of) 3.875% 4/2/2029
EUR11,440
13,196
Morocco (Kingdom of) 4.75% 4/2/2035
3,760
4,330
 
21,810
Gabon 0.02%
 
 
 
Gabonese (Republic of) 6.625% 2/6/2031
USD15,100
13,370
Gabonese (Republic of) 7.00% 11/24/2031
7,500
6,622
 
19,992
Sultanate of Oman 0.02%
 
 
 
Oman (Sultanate of) 5.625% 1/17/2028
7,200
7,252
Oman (Sultanate of) 6.00% 8/1/2029
3,300
3,377
Oman (Sultanate of) 6.75% 1/17/2048
8,100
8,438
 
19,067
United Arab Emirates 0.02%
 
 
 
Abu Dhabi (Emirate of) 2.50% 9/30/2029 (h)
7,900
7,365
Mic Capital Management (Rsc) Seven, Ltd. 5.875% 5/1/2034
9,100
9,331
 
16,696
Thailand 0.02%
 
 
 
Thailand (Kingdom of) 3.45% 6/17/2043
THB488,497
15,621
Supra National 0.02%
 
 
 
Asian Development Bank 5.25% 4/29/2035
PHP486,600
7,479
International Bank for Reconstruction and Development 6.05% 2/9/2029
INR153,500
1,551
International Bank for Reconstruction and Development 6.75% 7/13/2029
446,600
4,581
 
13,611
Benin 0.02%
 
 
 
Benin (Republic of) 7.96% 2/13/2038 (h)
USD12,800
13,275
Dominican Republic 0.01%
 
 
 
Dominican Republic (Government of) 8.625% 4/20/2027 (h)
1,650
1,691
Dominican Republic (Government of) 6.00% 7/19/2028 (h)
4,360
4,399
New World Fund — Page 13 of 21
unaudited
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued)
Dominican Republic (continued)
 
Principal amount
(000)
Value
(000)
Dominican Republic (Government of) 4.875% 9/23/2032
USD3,435
$3,217
Dominican Republic (Government of) 5.875% 1/30/2060
3,054
2,591
 
11,898
Mozambique 0.01%
 
 
 
Mozambique (Republic of) 9.00% 9/15/2031
9,800
8,907
Honduras 0.01%
 
 
 
Honduras (Republic of) 5.625% 6/24/2030 (h)
5,600
5,568
Honduras (Republic of) 5.625% 6/24/2030
2,042
2,030
 
7,598
Cote d’Ivoire 0.00%
 
 
 
Cote dIvoire (Republic of) 4.875% 1/30/2032
EUR1,890
2,121
Paraguay 0.00%
 
 
 
Paraguay (Republic of) 4.95% 4/28/2031
USD1,776
1,762
Total bonds & notes of governments & government agencies outside the U.S.
1,551,791
Corporate bonds and notes 0.28%
Energy 0.06%
 
 
 
GreenSaif Pipelines Bidco SARL 5.853% 2/23/2036 (h)
6,000
5,966
Oleoducto Central SA 4.00% 7/14/2027 (h)
3,450
3,411
Petroleos Mexicanos 5.95% 1/28/2031
7,858
7,702
PETRONAS Capital, Ltd. 3.50% 4/21/2030 (h)
3,400
3,240
PETRONAS Capital, Ltd. 4.55% 4/21/2050 (h)
3,400
2,798
PTTEP Treasury Center Co., Ltd. 2.993% 1/15/2030
2,068
1,941
Sinopec Group Overseas Development (2018), Ltd. 3.10% 1/8/2051 (h)
8,300
5,735
Transportadora de Gas del Sur SA 8.50% 7/24/2031 (h)
4,170
4,428
Transportadora de Gas del Sur SA 7.75% 11/20/2035 (h)
4,145
4,305
Vista Energy Argentina S.A.U. 7.625% 12/10/2035 (h)
7,100
7,435
YPF SA 8.25% 1/17/2034 (h)
6,100
6,441
 
53,402
Financials 0.05%
 
 
 
Banco Internacional del Peru SAA 4.80% 7/15/2031 (h)
8,955
8,731
Banco Nacional de Comercio Exterior, Sociedad Nacional de Credito, 6.00% 5/14/2036 (5-year UST Yield Curve
Rate T Note Constant Maturity + 1.956% on 5/14/2031) (h)(i)
2,265
2,228
Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90%
on 9/25/2029) (i)
7,517
7,136
BBVA Bancomer SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on
6/29/2033) (i)
6,400
6,863
BBVA Bancomer SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on
6/29/2033) (h)(i)
5,200
5,577
CMB International Leasing Management, Ltd. 2.75% 8/12/2030
7,385
6,838
HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043) (i)
9,000
9,246
 
46,619
Consumer discretionary 0.04%
 
 
 
Alibaba Group Holding, Ltd. 2.125% 2/9/2031
5,926
5,310
Alibaba Group Holding, Ltd. 3.15% 2/9/2051
7,800
4,948
Meituan 4.625% 10/2/2029
2,505
2,471
New World Fund — Page 14 of 21
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Consumer discretionary (continued)
 
Principal amount
(000)
Value
(000)
Meituan 3.05% 10/28/2030
USD7,295
$6,709
Melco Resorts Finance, Ltd. 7.625% 4/17/2032 (h)
5,700
5,820
MercadoLibre, Inc. 3.125% 1/14/2031
3,331
3,040
Sands China, Ltd. 4.375% 6/18/2030
4,575
4,410
Wynn Macau, Ltd. 5.625% 8/26/2028
4,500
4,450
 
37,158
Communication services 0.04%
 
 
 
America Movil, SAB de CV, 10.125% 1/22/2029
MXN225,000
13,529
America Movil, SAB de CV, 10.30% 1/30/2034
53,500
3,216
PLDT, Inc. 2.50% 1/23/2031
USD2,590
2,337
Telecommunications Co. Telekom Srbija Akcionarsko drustvo, Belgrade 7.25% 5/18/2031 (h)
6,700
6,636
Tencent Holdings, Ltd. 3.24% 6/3/2050 (h)
7,100
4,637
Turkcell Iletisim Hizmetleri AS 7.65% 1/24/2032
890
915
 
31,270
Industrials 0.03%
 
 
 
Empresa de Transporte de Pasajeros Metro SA 4.70% 5/7/2050 (h)
4,520
3,712
IRB Infrastructure Developers, Ltd. 7.11% 3/11/2032 (h)
5,465
5,511
LATAM Airlines Group SA 7.875% 4/15/2030 (h)
6,200
6,401
Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/2034 (h)
1,079
1,097
Mexico City Airport Trust 4.25% 10/31/2026
6,200
6,192
 
22,913
Materials 0.02%
 
 
 
Braskem Netherlands Finance BV 8.50% 1/12/2031 (h)(j)
4,238
2,440
CSN Resources SA 8.875% 12/5/2030 (h)
6,200
4,382
PT Krakatau Posco 6.375% 6/11/2027
2,400
2,413
PT Krakatau Posco 6.375% 6/11/2029
3,600
3,602
Sasol Financing USA, LLC 8.75% 4/10/2033 (h)
5,669
5,929
 
18,766
Utilities 0.02%
 
 
 
Aegea Finance SARL 9.00% 1/20/2031 (h)
5,210
5,071
Aegea Finance SARL 7.625% 1/20/2036
2,300
1,970
AES Panama Generation Holdings, SRL 4.375% 5/31/2030 (h)
3,226
3,034
Empresas Publicas de Medellin ESP 4.25% 7/18/2029 (h)
2,062
1,945
Empresas Publicas de Medellin ESP 4.25% 7/18/2029
445
420
San Miguel Global Power Holdings Corp. 8.125% perpetual bonds (5-year UST Yield Curve Rate T Note Constant
Maturity + 6.404% on 3/2/2030) (i)
1,680
1,666
San Miguel Global Power Holdings Corp. 8.75% perpetual bonds (5-year UST Yield Curve Rate T Note Constant
Maturity + 7.732% on 9/12/2029) (i)
4,118
4,171
 
18,277
Consumer staples 0.02%
 
 
 
Health and Happiness (H&H) International Holdings, Ltd. 9.125% 7/24/2028
3,405
3,583
MARB BondCo PLC 3.95% 1/29/2031 (h)
7,700
6,780
NBM US Holdings, Inc. 6.625% 8/6/2029 (d)
6,150
6,156
 
16,519
New World Fund — Page 15 of 21
unaudited
Bonds, notes & other debt instruments (continued)
Corporate bonds and notes (continued)
Health care 0.00%
 
Principal amount
(000)
Value
(000)
Rede D’Or Finance SARL 4.50% 1/22/2030
USD4,623
$4,365
Total corporate bonds and notes
249,289
Total bonds, notes & other debt instruments (cost: $1,807,031,000)
1,801,080
Short-term securities 2.74%
Money market investments 2.46%
 
Shares
 
Capital Group Central Cash Fund 3.70% (f)(k)
21,781,866
2,178,404
Money market investments purchased with collateral from securities on loan 0.25%
 
 
 
Capital Group Central Cash Fund 3.70% (f)(k)(l)
723,838
72,391
Dreyfus Treasury Obligations Cash Management, Institutional Shares 3.56% (k)(l)
40,200,000
40,200
BlackRock Liquidity Funds – FedFund, Institutional Shares 3.56% (k)(l)
35,700,000
35,700
State Street Institutional U.S. Government Money Market Fund, Premier Class 3.62% (k)(l)
22,300,000
22,300
Goldman Sachs Financial Square Government Fund, Institutional Shares 3.57% (k)(l)
15,600,000
15,600
Fidelity Investments Money Market Government Portfolio, Class I 3.55% (k)(l)
15,500,000
15,500
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 3.59% (k)(l)
11,100,000
11,100
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.64% (k)(l)
8,534,347
8,535
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 3.57% (k)(l)
2,200,000
2,200
 
223,526
Bills & notes of governments & government agencies outside the U.S. 0.03%
Weighted
average yield
at acquisition
Principal amount
(000)
 
Egypt (Arab Republic of) 12/22/2026
21.112
%
EGP69,125
1,239
Egypt (Arab Republic of) 6/22/2027
19.011
76,800
1,235
Kazakhstan (Republic of) 2/5/2027
13.592
KZT5,023,731
9,781
Nigeria (Republic of) 1/19/2027
15.839
NGN11,810,560
7,966
 
20,221
Total short-term securities (cost: $2,421,387,000)
2,422,151
Total investment securities 100.28% (cost: $57,038,957,000)
88,846,974
Other assets less liabilities (0.28)%
(247,643
)
Net assets 100.00%
$88,599,331
Futures contracts
 
Contracts
Type
Number of
contracts
Expiration
date
Notional
amount
(000)
Value and
unrealized
appreciation
(depreciation)
at 7/31/2026
(000)
5 Year Euro-Bobl Futures
Short
215
9/10/2026
USD(28,224
)
$284
10 Year Euro-Bund Futures
Short
226
9/10/2026
(32,410
)
441
10 Year Ultra U.S. Treasury Note Futures
Long
180
9/30/2026
19,747
(202
)
 
 
 
 
$523
New World Fund — Page 16 of 21
unaudited
Forward currency contracts
 
Contract amount
Counterparty
Settlement
date
Unrealized
appreciation
(depreciation)
at 7/31/2026
(000)
Currency purchased
(000)
Currency sold
(000)
USD
26,907
PHP
1,655,875
Citibank
8/10/2026
$(148
)
USD
26,892
COP
90,736,350
Morgan Stanley
8/10/2026
(1,803
)
USD
9,037
ZAR
148,609
Bank of America
8/11/2026
50
USD
47,644
BRL
247,155
Citibank
8/12/2026
(959
)
CZK
264,500
USD
12,470
Barclays Bank PLC
8/14/2026
125
CNH
122,260
USD
18,070
Morgan Stanley
8/14/2026
54
USD
30,439
EUR
26,607
Citibank
8/14/2026
(260
)
THB
549,640
USD
16,287
HSBC Bank
8/17/2026
180
USD
29,313
MXN
511,700
JPMorgan Chase
8/24/2026
(170
)
 
 
 
 
$(2,931
)
Investments in affiliates
 
 
Value at
11/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
7/31/2026
(000)
Dividend
or interest
income
(000)
Common stocks 0.35%
Industrials 0.35%
Rumo SA
$331,720
$—
$8,985
$(4,602
)
$(6,845
)
$311,288
$2,378
Health care 0.00%
Laurus Labs, Ltd. (m)
305,644
—
108,559
37,787
152,610
—
299
Total common stocks
311,288
Short-term securities 2.54%
Money market investments 2.46%
Capital Group Central Cash Fund 3.70% (k)
1,308,418
10,912,060
10,042,477
310
93
2,178,404
54,639
Money market investments purchased with collateral
from securities on loan 0.08%
Capital Group Central Cash Fund 3.70% (k)(l)
35,662
36,729
(n)
72,391
—
(o)
Total short-term securities
2,250,795
Total 2.89%
$33,495
$145,858
$2,562,083
$57,316
Restricted securities (d)
 
 
Acquisition
date(s)
Cost
(000)
Value
(000)
Percent
of net
assets
QuintoAndar, Ltd., Series E, preference shares (a)(c)
5/26/2021
$69,742
$74,985
0.09
%
QuintoAndar, Ltd., Series E-1, preference shares (a)(c)
12/20/2021
23,284
19,729
0.02
Canva Australia Holdings Pty, Ltd. (a)(c)
8/26/2021-11/4/2021
18,022
17,403
0.02
Canva Australia Holdings Pty, Ltd., Series A, noncumulative preferred
shares (a)(c)
11/4/2021
1,577
1,523
—
(p)
Canva Australia Holdings Pty, Ltd., Series A-3, noncumulative
preferred shares (a)(c)
11/4/2021
65
63
—
(p)
Canva Australia Holdings Pty, Ltd., Series A-4, noncumulative
preferred shares (a)(c)
11/4/2021
5
5
—
(p)
New World Fund — Page 17 of 21
unaudited
Restricted securities (d) (continued)
 
Acquisition
date(s)
Cost
(000)
Value
(000)
Percent
of net
assets
Canva Australia Holdings Pty, Ltd., Series A-5, noncumulative
preferred shares (a)(c)
11/4/2021
$3
$3
—
%(p)
NBM US Holdings, Inc. 6.625% 8/6/2029
7/8/2022
6,032
6,156
0.01
Getir BV, Series D, preferred shares (a)(c)
5/27/2021
46,500
—
(e)
—
(p)
Total
 
$165,230
$119,867
0.14
%
 
(a)
Non-income producing.
(b)
All or a portion of this security was on loan. 
(c)
Value determined using significant unobservable inputs.
(d)
Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.
(e)
Amount less than one thousand.
(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)
Index-linked bond whose principal amount moves with a government price index.
(h)
Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(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 $257,660,000, which
represented 0.29% of the net assets of the fund.
(i)
Step bond; coupon rate may change at a later date.
(j)
Scheduled interest and/or principal payment was not received.
(k)
Rate represents the seven-day yield at 7/31/2026.
(l)
Security purchased with cash collateral from securities on loan.
(m)
Affiliated issuer during the reporting period but no longer an affiliate at 7/31/2026. Refer to the investment portfolio for the security value at 7/31/2026.
(n)
Represents net activity.
(o)
Dividend income is included with securities lending income and is not shown in this table.
(p)
Amount less than 0.01%.
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.
New World Fund — Page 18 of 21
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. Exchange-traded futures are generally valued at the official settlement price on 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 $85,745,000. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. The average month-end notional amount of open forward currency contracts while held was $253,427,000.
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 the fund’s investment adviser and approved by the 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, 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 directors 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 directors. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
New World Fund — Page 19 of 21
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 fund’s valuation levels as of July 31, 2026, were as follows (dollars in thousands): 
 
Investment securities
 
Level 1
Level 2
Level 3
Total
Assets:
Common stocks:
Information technology
$16,214,382
$10,914,079
$17,403
$27,145,864
Financials
12,763,701
448,344
—
*
13,212,045
Industrials
10,538,499
—
—
10,538,499
Consumer discretionary
7,490,103
87,662
—
7,577,765
Communication services
7,131,670
—
—
7,131,670
Materials
7,015,526
85,886
—
*
7,101,412
Health care
3,166,059
60,128
—
3,226,187
Consumer staples
2,918,655
48,359
—
2,967,014
Energy
1,996,631
—
—
*
1,996,631
Utilities
1,676,887
—
—
1,676,887
Real estate
1,256,534
—
—
1,256,534
Preferred securities
696,927
—
96,308
793,235
Bonds, notes & other debt instruments:
Bonds & notes of governments & government agencies
outside the U.S.
—
1,551,791
—
1,551,791
Corporate bonds and notes
—
249,289
—
249,289
Short-term securities
2,401,930
20,221
—
2,422,151
Total
$75,267,504
$13,465,759
$113,711
$88,846,974
 
 
Other investments†
 
Level 1
Level 2
Level 3
Total
Assets:
Unrealized appreciation on futures contracts
$725
$—
$—
$725
Unrealized appreciation on open forward currency contracts
—
409
—
409
Liabilities:
Unrealized depreciation on futures contracts
(202
)
—
—
(202
)
Unrealized depreciation on open forward currency contracts
—
(3,340
)
—
(3,340
)
Total
$523
$(2,931
)
$—
$(2,408
)
*
Amount less than one thousand.
†
Futures contracts and forward currency contracts are not included in the fund’s investment portfolio.
New World Fund — Page 20 of 21
unaudited
 
Key to abbreviation(s)
ADR = American Depositary Receipts
BDR = Brazilian Depositary Receipts
BRL = Brazilian reais
CAD = Canadian dollars
CDI = CREST Depository Interest
CLP = Chilean pesos
CNH = Chinese yuan renminbi
CNY = Chinese yuan renminbi
COP = Colombian pesos
CZK = Czech korunas
EGP = Egyptian pounds
EUR = Euros
GBP = British pounds
GDR = Global Depositary Receipts
HKD = Hong Kong dollars
HUF = Hungarian forints
 
IDR = Indonesian rupiah
INR = Indian rupees
KZT = Kazakhstani tenge
MXN = Mexican pesos
MYR = Malaysian ringgits
NGN = Nigerian naira
PEN = Peruvian nuevos soles
PHP = Philippine pesos
PLN = Polish zloty
RSC = Restricted Scope Company
SOFR = Secured Overnight Financing Rate
THB = Thai baht
USD = U.S. dollars
UST = U.S. Treasury
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.
MFGEFP3-036-0926
New World Fund — Page 21 of 21