American Funds - Portfolio holdings | American Funds

Portfolio Holdings

American Funds Insurance Series - Global Balanced Fund

As of June 30, 2019 (updated quarterly, upon availability)

Fixed-Income Securities* Shares or Principal Amount Market Value
ACE INA Holdings Inc. 2.875% 2022 10,000 10,186
ACE INA Holdings Inc. 3.35% 2026 10,000 10,488
ACE INA Holdings Inc. 4.35% 2045 20,000 23,443
AT&T Inc. 4.10% 2028 55,000 58,317
AbbVie Inc. 2.50% 2020 180,000 179,994
AbbVie Inc. 2.90% 2022 60,000 60,419
AbbVie Inc. 3.20% 2026 73,000 73,984
AbbVie Inc. 4.50% 2035 15,000 15,436
Abbott Laboratories 3.75% 2026 51,000 55,164
Abu Dhabi (Emirate of) 2.50% 2022 200,000 201,761
Abu Dhabi (Emirate of) 3.125% 2027 200,000 207,848
Abu Dhabi National Energy Co. PJSC (TAQA) 3.625% 2023 200,000 205,558
Aetna Inc. 2.75% 2022 50,000 50,298
Aetna Inc. 2.80% 2023 10,000 10,063
Allergan PLC 3.00% 2020 30,000 30,093
Allergan PLC 3.80% 2025 91,000 94,457
Allergan PLC 4.75% 2045 3,000 3,083
Allianz SE 4.75% (undated) (3-month EUR-EURIBOR + 3.60% on 10/24/2023) 100,000 131,018
Altria Group, Inc. 1.00% 2023 110,000 127,982
Altria Group, Inc. 2.20% 2027 170,000 203,975
Altria Group, Inc. 2.625% 2020 100,000 100,076
Altria Group, Inc. 5.80% 2039 125,000 140,579
Amazon.com, Inc. 2.80% 2024 170,000 175,099
Amazon.com, Inc. 3.15% 2027 50,000 52,581
American Campus Communities, Inc. 3.35% 2020 15,000 15,160
American Campus Communities, Inc. 3.75% 2023 100,000 103,530
American Campus Communities, Inc. 4.125% 2024 90,000 94,975
American Electric Power Co., Inc. 2.15% 2020 215,000 214,527
Amgen Inc. 1.85% 2021 20,000 19,807
Anheuser-Busch InBev NV 4.00% 2028 100,000 107,779
Apple Inc. 2.50% 2022 75,000 75,869
AstraZeneca PLC 2.375% 2022 110,000 110,772
AstraZeneca PLC 3.50% 2023 150,000 156,494
Austrian Government, 0.00% 2024 200,000 233,005
Banco del Estado de Chile 2.668% 2021 500,000 500,449
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027) 236,000 243,231
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023) 100,000 103,625
Barclays Bank PLC 10.00% 2021 100,000 146,055
Bayer US Finance II LLC 3.875% 2023 200,000 207,357
Bayer US Finance II LLC 4.40% 2044 100,000 93,361
Bayerische Motoren Werke AG 2.95% 2022 250,000 253,752
Becton, Dickinson and Co. 2.894% 2022 55,000 55,721
Becton, Dickinson and Co. 3.70% 2027 43,000 44,952
Becton, Dickinson and Co. 3.734% 2024 35,000 36,719
Belgium (Kingdom of), Series 77, 1.00% 2026 135,000 166,954
Belgium (Kingdom of), Series 85, 0.80% 2028 360,000 440,172
Brazil (Federative Republic of) 0% 2021 3,000 694,764
Brazil (Federative Republic of) 10.00% 2025 818 240,814
Bristol-Myers Squibb Co. 3.10% 2024 178,000 182,025
British American Tobacco PLC 3.557% 2027 105,000 104,581
British American Tobacco PLC 4.39% 2037 80,000 76,178
Broadcom Ltd. 3.875% 2027 190,000 186,445
CMS Energy Corp. 3.00% 2026 150,000 150,461
CVS Health Corp. 4.30% 2028 25,000 26,371
CVS Health Corp. 5.05% 2048 95,000 101,194
CaixaBank, SA 3.50% 2027 (5-year EUR Mid-Swap + 3.35% on 2/15/2022) 100,000 120,953
Capital Group Central Cash Fund 214,396 21,437,422
Cenovus Energy Inc. 4.25% 2027 65,000 67,276
Chile (Banco Central de) 4.00% 2023 415,000,000 639,478
Chile (Banco Central de) 4.50% 2026 240,000,000 383,856
Chile (Republic of) 5.50% 2020 50,000,000 75,924
China Development Bank Corp. Series 1905 3.48% 2029 12,600,000 1,797,955
China Development Bank Corp., Series 1805, 4.04% 2028 4,000,000 591,628
Cigna Corp. 4.125% 2025 80,000 85,029
Colombia (Republic of) 4.375% 2021 200,000 207,102
Colombia (Republic of), Series B, 6.25% 2025 2,313,900,000 748,593
Comcast Corp. 3.95% 2025 80,000 86,328
Conagra Brands, Inc. 4.30% 2024 210,000 222,764
Core Industrial Trust, Series 2015-CALW, Class A, 3.04% 2034 47,434 48,547
Corporate Office Properties LP 3.60% 2023 65,000 65,476
DaimlerChrysler North America Holding Corp. 2.00% 2021 200,000 197,949
Deutsche Telekom International Finance BV 1.95% 2021 150,000 148,437
Deutsche Telekom International Finance BV 9.25% 2032 45,000 69,020
Duke Energy Carolinas, Inc. 3.05% 2023 280,000 288,411
Duke Energy Carolinas, Inc. 3.70% 2047 50,000 51,085
Duke Energy Corp. 2.65% 2026 225,000 222,443
Duke Energy Corp. 3.75% 2024 110,000 116,148
Duke Energy Progress, LLC 3.70% 2028 75,000 80,318
EMD Finance LLC 2.40% 2020 200,000 199,863
EMD Finance LLC 3.25% 2025 250,000 255,322
Egypt (Arab Republic of) 0% 2019 2,900,000 173,663
El Paso Pipeline Partners Operating Co., LLC 4.70% 2042 75,000 76,271
Enbridge Inc. 3.70% 2027 132,000 136,387
Enbridge Inc. 4.25% 2026 70,000 76,114
Enel Finance International SA 2.75% 2023 200,000 199,531
Enel Finance International SA 3.50% 2028 400,000 394,529
Enel Finance International SA 3.625% 2027 200,000 201,016
Enersis Américas SA 4.00% 2026 110,000 113,850
Essex Portfolio LP 3.375% 2026 40,000 40,901
Essex Portfolio LP 3.50% 2025 120,000 123,964
European Financial Stability Facility 0.95% 2028 300,000 370,752
European Investment Bank 2.25% 2022 225,000 227,498
Exelon Corp. 3.40% 2026 150,000 154,079
Exelon Corp. 3.497% 2022 25,000 25,628
FRANCE (REPUBLIC OF) 0.10% 2029 282,016 353,602
Fannie Mae Pool #CA3084 4.00% 2049 1,449,968 1,505,940
Fannie Mae Pool #CA3129 4.00% 2049 3,115,297 3,235,553
Fannie Mae Pool #MA3692 3.50% 2049 463,132 474,110
Fannie Mae Pool #MA3693 4.00% 2049 980,000 1,016,263
FirstEnergy Corp. 3.50% 2028 65,000 66,020
FirstEnergy Corp. 3.90% 2027 250,000 262,448
FirstEnergy Corp. 4.85% 2047 60,000 68,225
France Télécom 9.00% 2031 65,000 99,303
Freddie Mac Pool #2B7343 3.785% 2049 459,518 477,421
French Republic O.A.T. 0.75% 2028 450,000 550,930
French Republic O.A.T. 3.25% 2045 260,000 468,019
General Electric Capital Corp. 3.15% 2022 50,000 50,658
Germany (Federal Republic of) 0.10% 2026 295,296 369,178
Germany (Federal Republic of) 0.50% 2026 200,000 243,914
Germany (Federal Republic of) 0.50% 2030 158,615 215,581
Germany (Federal Republic of) 2.25% 2021 60,000 72,743
Germany (Federal Republic of) 2.50% 2046 315,000 572,005
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022) 130,000 131,281
Goldman Sachs Group, Inc. 3.50% 2025 210,000 217,292
Goldman Sachs Group, Inc. 4.75% 2045 70,000 80,368
Goldman Sachs Group, Inc. 5.75% 2022 70,000 75,645
Government National Mortgage Assn. 4.50% 2049 41,030 42,747
Government National Mortgage Assn. 4.50% 2049 41,070 42,815
Government National Mortgage Assn. Pool #MA5876 4.00% 2049 135,755 140,855
Government National Mortgage Assn. Pool #MA5931 4.00% 2049 4,618 4,809
Government National Mortgage Assn. Pool #MA5986 4.00% 2049 28,820 30,036
Government National Mortgage Assn. Pool #MA5987 4.50% 2049 1,067,744 1,116,573
Greece (Hellenic Republic of) 3.375% 2025 500,000 624,345
Greece (Hellenic Republic of) 3.45% 2024 355,000 443,906
Greece (Hellenic Republic of) 3.75% 2028 200,000 252,891
Greece (Hellenic Republic of) 3.875% 2029 725,000 926,006
Greece (Hellenic Republic of) 3.90% 2033 240,000 306,313
Greece (Hellenic Republic of) 4.00% 2037 250,000 321,556
Greece (Hellenic Republic of) 4.20% 2042 250,000 325,785
Groupe BPCE SA 5.70% 2023 200,000 219,026
HSBC Holdings PLC 3.033% 2023 (3-month USD-LIBOR + 0.923% on 11/12/2022) 200,000 202,540
HSBC Holdings PLC 4.292% 2026 (3-month USD-LIBOR + 1.348% on 9/12/2025) 200,000 212,790
Halliburton Co. 3.80% 2025 35,000 36,711
Humana Inc. 3.15% 2022 100,000 102,114
Hyundai Capital America 2.55% 2020 135,000 134,784
Hyundai Capital America 3.25% 2022 65,000 65,677
Hyundai Capital Services Inc. 3.75% 2023 250,000 257,389
India (Republic of) 6.97% 2026 52,300,000 760,371
India (Republic of) 7.17% 2028 15,700,000 230,588
India (Republic of) 7.68% 2023 15,900,000 238,889
India (Republic of) 8.83% 2023 10,400,000 162,426
Indonesia (Republic of) 3.75% 2022 410,000 421,177
Indonesia (Republic of) 3.85% 2027 400,000 414,194
Indonesia (Republic of), Series 64, 6.125% 2028 344,000,000 22,447
Indonesia (Republic of), Series 78, 8.25% 2029 7,203,000,000 541,723
Ireland (Republic of) 0.90% 2028 350,000 428,562
Ireland (Republic of) 2.40% 2030 30,000 41,922
Ireland (Republic of) 3.40% 2024 50,000 67,139
Israel (State of) 1.50% 2029 110,000 134,786
Israel (State of) 2.00% 2027 2,100,000 615,656
Israel (State of) 3.15% 2023 400,000 415,334
Israel (State of) 4.125% 2048 205,000 224,917
Israel (State of) 5.50% 2042 1,000,000 420,855
Italy (Republic of) 0.10% 2023 1,653,744 1,840,018
Italy (Republic of) 1.35% 2022 200,000 231,413
Italy (Republic of) 2.80% 2028 400,000 488,255
JPMorgan Chase & Co. 2.55% 2021 76,000 76,172
JPMorgan Chase & Co. 2.70% 2023 150,000 151,584
JPMorgan Chase & Co. 3.25% 2022 28,000 28,765
JPMorgan Chase & Co., Series S, junior subordinated, perpetual, 6.75% (undated) (3-month USD-LIBOR + 3.78% on 2/1/2024) 135,000 149,303
JPMorgan Chase Bank NA (3-month USD-LIBOR + 0.34%) 2.926% 2021 300,000 300,415
Japan, Series 134, 0.10% 2022 95,000,000 891,656
Japan, Series 161, 0.60% 2037 170,000,000 1,694,368
Japan, Series 17, 0.10% 2023 10,500,000 99,775
Japan, Series 18, 0.10% 2024 20,860,000 198,806
Japan, Series 19, 0.10% 2024 30,450,000 290,927
Japan, Series 21, 0.10% 2026 40,647,200 391,497
Japan, Series 22, 0.10% 2027 25,478,500 246,483
Japan, Series 23, 0.10% 2028 191,804,697 1,858,205
Japan, Series 24, 0.10% 2029 214,153,310 2,075,894
Japan, Series 340, 0.40% 2025 20,000,000 193,164
Japan, Series 346, 0.10% 2027 304,250,000 2,901,052
Japan, Series 394, 0.10% 2020 204,400,000 1,903,816
Japan, Series 395, 0.10% 2020 423,100,000 3,941,978
Japan, Series 42, 1.70% 2044 94,100,000 1,161,305
Japan, Series 53, 0.60% 2046 20,000,000 198,022
Japan, Series 59, 0.70% 2048 14,000,000 141,993
Japanese Government, Series 62, 0.50% 2049 77,000,000 739,869
Kazakhstan (Republic of) 1.55% 2023 100,000 119,664
Keurig Dr Pepper Inc. 4.597% 05-25-28 175,000 191,806
KfW 2.125% 2022 250,000 251,320
Korea Housing Finance Corp. 2.00% 2021 250,000 247,664
Korea Housing Finance Corp. 2.50% 2020 250,000 250,915
Kraft Heinz Co. 3.50% 2022 100,000 102,691
Kroger Co. 3.50% 2026 140,000 143,179
Kuwait (State of) 2.75% 2022 200,000 202,994
Lima Metro Line Finance Ltd. 5.875% 2034 200,000 213,250
Lithuania (Republic of) 7.375% 2020 100,000 103,095
Lloyds Banking Group PLC 6.50% 2020 210,000 249,869
Malaysia (Federation of), Series 0116, 3.80% 2023 2,340,000 573,897
Malaysia (Federation of), Series 0119, 3.906% 2026 1,380,000 341,280
McDonald's Corp. 3.50% 2020 50,000 50,590
McDonald's Corp. 3.80% 2028 110,000 118,156
Medtronic, Inc. 3.50% 2025 100,000 106,076
Microsoft Corp. 2.40% 2026 297,000 298,535
Microsoft Corp. 3.30% 2027 280,000 296,950
Morgan Stanley 3.125% 2026 110,000 112,142
Morgan Stanley 4.431% 2030 (3-month USD-LIBOR + 1.628% on 1/23/2029) 73,000 80,881
Morocco (Kingdom of) 4.25% 2022 200,000 209,250
Myriad International Holdings 5.50% 2025 250,000 273,300
Myriad International Holdings 6.00% 2020 250,000 258,021
NBCUniversal Media, LLC 4.375% 2021 50,000 51,855
National Highways Authority of India 7.17% 2021 30,000,000 431,702
Netherlands (Kingdom of the) 5.50% 2028 100,000 171,164
NiSource Finance Corp. 2.65% 2022 50,000 50,328
Niagara Mohawk Power Corp. 3.508% 2024 85,000 89,033
Nissan Motor Co., Ltd. 2.15% 2020 120,000 119,359
Nissan Motor Co., Ltd. 2.60% 2022 115,000 114,520
Norway (Kingdom of) 2.00% 2023 6,599,000 796,280
Norway (Kingdom of) 3.00% 2024 2,800,000 354,155
Norway (Kingdom of) 3.75% 2021 8,051,000 988,065
Nova Scotia (Province of) 3.15% 2051 170,000 145,970
Nykredit Realkredit AS, Series 01E, 1.50% 2037 3,830,672 605,751
Nykredit Realkredit AS, Series 01E, 1.50% 2040 4,740,998 746,813
Oracle Corp. 2.65% 2026 216,000 217,134
PNC Financial Services Group, Inc. 2.854% 2022 100,000 101,809
Pacific Gas and Electric Co. 2.95% 2026 25,000 23,563
Pacific Gas and Electric Co. 4.65% 2028 114,000 116,850
Pacific Gas and Electric Co. 6.35% 2038 62,000 70,680
Pernod Ricard SA 4.45% 2022 150,000 156,968
Peru (Republic of) 5.625% 2050 20,000 27,600
Peru (Republic of) 6.15% 2032 675,000 225,145
Petroleos Mexicanos 6.35% 2048 55,000 47,424
Petróleos Mexicanos 7.19% 2024 5,348 23,276
Petróleos Mexicanos 7.47% 2026 52,700 218,305
Philip Morris International Inc. 2.00% 2020 55,000 54,844
Philip Morris International Inc. 2.625% 2022 15,000 15,127
Philip Morris International Inc. 2.90% 2021 100,000 101,469
Poland (Republic of), Series 0922, 5.75% 2022 870,000 261,997
Poland (Republic of), Series 1021, 5.75% 2021 3,310,000 970,354
Poland (Republic of), Series 1023, 4.00% 2023 400,000 116,400
Portuguese Republic 5.125% 2024 250,000 280,103
President & Fellows of Harvard College 3.619% 2037 150,000 160,300
Qatar (State of) 4.50% 2028 500,000 560,210
Rabobank Nederland 3.875% 2023 100,000 130,910
Red de Carreteras de Occidente 9.00% 2028 2,000,000 101,806
Republic of Latvia 1.875% 2049 195,000 246,977
Reynolds American Inc. 4.00% 2022 15,000 15,561
Reynolds American Inc. 4.45% 2025 105,000 111,369
Roche Holdings, Inc. 3.35% 2024 200,000 209,609
Romania 2.875% 2029 252,000 318,109
Romania 3.375% 2038 250,000 307,553
Romania 3.50% 2034 65,000 81,596
Romania 3.875% 2035 170,000 222,225
Romania 4.125% 2039 125,000 163,237
Romania 4.625% 2049 551,000 758,872
Russian Federation 2.875% 2025 100,000 121,910
Russian Federation 2.875% 2025 100,000 121,910
Russian Federation 6.90% 2029 16,250,000 250,290
Russian Federation 7.00% 2023 8,000,000 125,572
Russian Federation 7.25% 2034 8,140,000 126,906
Russian Federation 7.70% 2033 1,530,000 24,829
Russian Federation 8.50% 2031 5,530,000 95,531
Saudi Arabia (Kingdom of) 2.894% 2022 200,000 202,495
Saudi Arabia (Kingdom of) 3.625% 2028 200,000 205,794
Shell International Finance BV 3.50% 2023 330,000 346,608
Shire PLC 2.40% 2021 153,000 152,735
Shire PLC 2.875% 2023 69,000 69,694
Shire PLC 3.20% 2026 25,000 25,267
Skandinaviska Enskilda Banken AB 2.80% 2022 250,000 252,983
South Africa (Republic of), Series R-2044, 8.75% 2044 3,675,000 237,968
South Africa (Republic of), Series R-2048, 8.75% 2048 6,300,000 403,361
South Africa (Republic of), Series R-214, 6.50% 2041 10,150,000 515,787
South Korea (Republic of), Series 2106, 4.25% 2021 262,000,000 238,811
South Korea (Republic of), Series 2209, 2.00% 2022 560,000,000 492,638
South Korea (Republic of), Series 2812, 2.375% 2028 850,610,000 785,484
South Korea (Republic of), Series 3809, 2.375% 2038 803,510,000 781,898
Spain (Kingdom of) 1.40% 2028 270,000 337,286
Spain (Kingdom of) 1.45% 2027 1,150,000 1,439,221
State Grid Overseas Investment Ltd. 3.50% 2027 450,000 466,236
Statoil ASA 3.15% 2022 160,000 163,773
Statoil ASA 3.70% 2024 50,000 53,205
Sweden (Kingdom of) 1.125% 2019 200,000 199,346
Takeda Pharmaceutical Co., Ltd. 2.25% 2026 200,000 252,113
Takeda Pharmaceutical Co., Ltd. 4.40% 2023 200,000 214,341
Thailand (Kingdom of) 2.125% 2026 28,300,000 931,914
Thailand (Kingdom of) 2.875% 2028 11,500,000 399,212
Thomson Reuters Corp. 4.30% 2023 75,000 79,834
Total Capital International 2.875% 2022 150,000 152,637
Toyota Motor Credit Corp. 2.25% 2023 85,000 84,885
U.S. Treasury 1.00% 2019 1,000,000 995,940
U.S. Treasury 1.125% 2021 1,025,000 1,011,696
U.S. Treasury 1.375% 2020 700,000 696,066
U.S. Treasury 1.375% 2021 550,000 545,837
U.S. Treasury 1.375% 2023 300,000 295,899
U.S. Treasury 1.50% 2020 350,000 348,415
U.S. Treasury 1.625% 2022 2,850,000 2,840,367
U.S. Treasury 1.625% 2026 535,000 527,226
U.S. Treasury 1.625% 2026 440,000 433,057
U.S. Treasury 1.75% 2020 564,000 563,250
U.S. Treasury 1.75% 2023 100,000 100,078
U.S. Treasury 1.875% 2022 700,000 702,324
U.S. Treasury 1.875% 2022 600,000 602,568
U.S. Treasury 2.00% 2021 108,000 108,694
U.S. Treasury 2.00% 2022 75,000 75,518
U.S. Treasury 2.00% 2022 455,000 459,072
U.S. Treasury 2.125% 2020 200,000 200,480
U.S. Treasury 2.125% 2024 2,025,000 2,059,567
U.S. Treasury 2.125% 2024 3,055,000 3,124,562
U.S. Treasury 2.125% 2025 200,000 203,406
U.S. Treasury 2.25% 2021 5,000,000 5,041,500
U.S. Treasury 2.25% 2024 200,000 204,672
U.S. Treasury 2.25% 2027 700,000 717,066
U.S. Treasury 2.25% 2027 2,800,000 2,865,744
U.S. Treasury 2.25% 2027 1,000,000 1,023,350
U.S. Treasury 2.375% 2027 1,500,000 1,549,845
U.S. Treasury 2.375% 2029 1,930,000 1,993,922
U.S. Treasury 2.50% 2020 420,000 421,919
U.S. Treasury 2.50% 2020 120,000 121,158
U.S. Treasury 2.50% 2021 1,945,000 1,965,228
U.S. Treasury 2.50% 2045 315,000 313,721
U.S. Treasury 2.625% 2020 100,000 100,838
U.S. Treasury 2.625% 2023 800,000 825,376
U.S. Treasury 2.625% 2023 105,000 108,962
U.S. Treasury 2.625% 2029 282,000 297,287
U.S. Treasury 2.75% 2023 420,000 436,094
U.S. Treasury 2.75% 2023 101,000 105,092
U.S. Treasury 2.875% 11-15-21 2,250,000 2,308,928
U.S. Treasury 2.875% 2020 927,000 939,097
U.S. Treasury 2.875% 2023 2,250,000 2,355,818
U.S. Treasury 2.875% 2028 1,695,000 1,819,532
U.S. Treasury 2.875% 2028 700,000 751,961
U.S. Treasury 2.875% 2046 400,000 427,764
U.S. Treasury 2.875% 2049 600,000 643,038
U.S. Treasury 3.00% 2025 900,000 962,019
U.S. Treasury 3.00% 2044 355,000 387,632
U.S. Treasury 3.00% 2045 100,000 109,317
U.S. Treasury 3.00% 2048 585,600 641,554
U.S. Treasury 3.125% 2028 900,000 986,859
U.S. Treasury Inflation-Protected Security 0.125% 2022 221,717 220,084
U.S. Treasury Inflation-Protected Security 0.125% 2024 807,180 806,522
U.S. Treasury Inflation-Protected Security 0.25% 2025 161,840 162,189
U.S. Treasury Inflation-Protected Security 0.375% 2025 242,462 245,370
U.S. Treasury Inflation-Protected Security 0.375% 2027 370,269 373,174
U.S. Treasury Inflation-Protected Security 0.375% 2027 224,606 226,969
U.S. Treasury Inflation-Protected Security 0.625% 2024 547,610 557,539
U.S. Treasury Inflation-Protected Security 0.875% 2029 3,845,828 4,053,718
U.S. Treasury Inflation-Protected Security 1.375% 2044 520,833 592,530
U.S. Treasury Inflation-Protected Security 2.375% 2025 67,786 75,800
US Bancorp 2.85% 2023 300,000 305,545
UniCredit SpA 5.75% 2025 100,000 119,822
Uniform Mortgage-Backed Security 3.50% 2049 281,201 287,342
Union Pacific Corp. 2.95% 2023 100,000 101,930
United Kingdom (Government of), 0% 2019 500,000 633,607
United Kingdom (Government of), 0% 2019 50,000 63,444
United Kingdom (Government of), 0% 2019 20,000 25,341
United Kingdom 1.75% 2022 280,000 368,832
United Kingdom 2.75% 2024 50,000 70,349
United Kingdom 3.25% 2044 250,000 433,991
United Kingdom 3.75% 2020 75,000 98,691
United Kingdom 4.25% 2040 50,000 96,945
United Mexican States, Series M, 5.75% 2026 210,000 995,823
United Mexican States, Series M, 6.50% 2021 90,000 460,458
United Mexican States, Series M, 6.50% 2022 65,000 330,243
United Mexican States, Series M, 7.50% 2027 135,000 702,686
United Mexican States, Series M, 8.00% 2020 20,000 104,451
United Mexican States, Series M20, 10.00% 2024 93,000 540,924
United Technologies Corp. 3.10% 2022 106,000 108,470
United Technologies Corp. 4.125% 2028 170,000 186,827
Uruguay (Oriental Republic of) 8.50% 2028 6,963,000 165,760
Uruguay (Oriental Republic of) 9.875% 2022 1,050,000 29,842
VEB Finance Ltd. 6.902% 2020 100,000 103,072
Verizon Communications Inc. 4.272% 2036 248,000 268,800
Verizon Communications Inc. 4.329% 2028 120,000 132,812
Volkswagen Group of America Finance, LLC 4.25% 2023 380,000 400,122
WEA Finance LLC 2.70% 2019 200,000 199,997
WEA Finance LLC 3.75% 2024 200,000 209,283
Wal-Mart Stores, Inc. 2.85% 2024 110,000 113,557
Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
AIA Group Ltd. 426,000 4,594,454 1.11
ASML Holding NV 25,800 5,390,413 1.30
Airbus SE, non-registered shares 5,400 765,578 0.18
Akzo Nobel NV 18,777 1,764,474 0.42
Alibaba Group Holding Ltd. (ADR) 13,700 2,321,465 0.56
Alphabet Inc., Class C 3,579 3,868,577 0.93
Altria Group, Inc. 87,000 4,119,450 0.99
Amazon.com, Inc. 1,375 2,603,741 0.63
Amphenol Corp., Class A 19,200 1,842,048 0.44
Anheuser-Busch InBev SA/NV 15,000 1,327,678 0.32
AstraZeneca PLC 102,050 8,343,545 2.01
B3 SA - Brasil, Bolsa, Balcao 376,000 3,668,006 0.88
BAE Systems PLC 170,000 1,069,526 0.26
Bank Central Asia Tbk PT 782,000 1,659,207 0.40
Berkshire Hathaway Inc., Class A 21 6,685,350 1.61
Biogen Inc. 2,800 654,836 0.16
BlackRock, Inc. 5,730 2,689,089 0.65
Boeing Co. 11,250 4,095,113 0.99
British American Tobacco PLC 156,300 5,456,578 1.31
Broadcom Inc. 26,895 7,741,995 1.86
Bunzl PLC 60,600 1,598,438 0.38
CNOOC Ltd. 1,084,000 1,853,917 0.45
Canadian Natural Resources, Ltd. 65,805 1,774,331 0.43
Carl Zeiss Meditec AG, non-registered shares 14,700 1,450,058 0.35
Cigna Corp. 10,310 1,624,341 0.39
Coca-Cola Co. 32,000 1,629,440 0.39
Coca-Cola European Partners PLC 36,000 2,034,000 0.49
Coca-Cola FEMSA, SAB de CV, units 150,000 930,850 0.22
Coloplast A/S, Class B 21,200 2,395,765 0.58
ConocoPhillips 27,000 1,647,000 0.40
Corteva, Inc. 10,982 324,738 0.08
Croda International PLC 27,388 1,780,807 0.43
Crown Castle International Corp. REIT 23,940 3,120,579 0.75
Dow Inc. 10,982 541,522 0.13
DuPont de Nemours Inc. 10,982 824,419 0.20
Edenred SA 66,528 3,393,614 0.82
Enbridge Inc. 51,837 1,872,315 0.45
Equinix, Inc. REIT 3,755 1,893,609 0.46
FinecoBank SpA 125,000 1,394,369 0.34
Fisher & Paykel Healthcare Corp. Ltd. 134,000 1,391,728 0.33
Gaming and Leisure Properties, Inc. REIT 59,720 2,327,886 0.56
General Motors Co. 110,500 4,257,565 1.02
Gilead Sciences, Inc. 17,500 1,182,300 0.28
Givaudan SA 735 2,075,046 0.50
GlaxoSmithKline PLC 93,300 1,868,056 0.45
HDFC Bank Ltd. (ADR) 13,390 1,741,236 0.42
Hang Seng Bank Ltd. 114,000 2,838,435 0.68
Home Depot, Inc. 22,275 4,632,532 1.11
Humana Inc. 16,330 4,332,349 1.04
Infosys Ltd. 214,650 2,276,249 0.55
Intel Corp. 35,000 1,675,450 0.40
International Consolidated Airlines Group, SA (CDI) 120,000 726,767 0.17
JPMorgan Chase & Co. 45,300 5,064,540 1.22
Keurig Dr Pepper Inc. 106,000 3,063,400 0.74
Keyence Corp. 2,900 1,778,760 0.43
Koninklijke DSM NV 12,000 1,483,233 0.36
Koninklijke Philips NV 23,500 1,020,374 0.25
LVMH Moët Hennessy-Louis Vuitton SE 5,765 2,453,679 0.59
Lockheed Martin Corp. 5,450 1,981,293 0.48
LyondellBasell Industries NV 12,000 1,033,560 0.25
MTU Aero Engines AG 9,800 2,334,580 0.56
Mastercard Inc., Class A 7,600 2,010,428 0.48
Merck & Co., Inc. 116,325 9,753,851 2.35
Mettler-Toledo International Inc. 3,500 2,940,000 0.71
Microsoft Corp. 32,620 4,369,775 1.05
Murata Manufacturing Co., Ltd. 23,200 1,041,488 0.25
NIBE Industrier AB, Class B 106,000 1,551,849 0.37
Nestlé SA 64,100 6,635,880 1.60
Nidec Corp. 10,900 1,488,684 0.36
Nintendo Co., Ltd. 7,500 2,747,067 0.66
Novartis AG 10,500 959,435 0.23
Ocado Group PLC 109,500 1,622,825 0.39
PagSeguro Digital Ltd., Class A 161,228 6,283,055 1.51
Pfizer Inc. 47,500 2,057,700 0.50
Philip Morris International Inc. 50,800 3,989,324 0.96
Procter & Gamble Co. 11,000 1,206,150 0.29
Rational AG 2,800 1,927,839 0.46
Rio Tinto PLC 18,000 1,115,638 0.27
Royal Dutch Shell PLC, Class B 40,000 1,311,096 0.32
SK Telecom Co., Ltd. 11,590 2,599,758 0.63
SMC Corp. 5,000 1,862,913 0.45
Samsung Electronics Co., Ltd. 27,000 1,099,034 0.26
Sberbank of Russia PJSC (ADR) 331,000 5,090,780 1.23
Spirax-Sarco Engineering PLC 17,700 2,064,615 0.50
TOTAL SA 30,400 1,703,330 0.41
Taiwan Semiconductor Manufacturing Co., Ltd. 804,000 6,186,706 1.49
Temenos AG 18,000 3,220,344 0.77
Teva Pharmaceutical Industries Ltd. (ADR) 50,000 461,500 0.11
United Parcel Service, Inc., Class B 9,300 960,411 0.23
UnitedHealth Group Inc. 8,045 1,963,060 0.47
Vale SA, ordinary nominative 60,000 809,698 0.19
Visa Inc., Class A 14,600 2,533,830 0.61
Walgreens Boots Alliance, Inc. 25,000 1,366,750 0.33
Watsco, Inc. 9,680 1,582,970 0.38
Ørsted AS 58,400 5,049,830 1.22

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

*
Excludes certain securities in initial period of acquisition.