UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM N-Q

Quarterly Schedule of Portfolio Holdings of

Registered Management Investment Company

 

Investment Company Act File Number: 811-09105

 

 

 

New World Fund, Inc.

(Exact Name of Registrant as Specified in Charter)

 

333 South Hope Street

Los Angeles, California 90071

(Address of Principal Executive Offices)

 

 

 

 

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

 

Date of fiscal year end: October 31

 

Date of reporting period: January 31, 2014

 

 

 

 

 

Michael W. Stockton

New World Fund, Inc.

333 South Hope Street

Los Angeles, California 90071

(Name and Address of Agent for Service)

 

 

Copies to:

Mark D. Perlow

K&L Gates LLP

Four Embarcadero Center, Suite 1200

San Francisco, California 94111

(Counsel for the Registrant)

 
 

 

ITEM 1 – Schedule of Investments

 

 

AF_COLORLOGO_LETTERHEAD

 

 

 

 

New World Fund, Inc. ®

Investment portfolio

January 31, 2014

 

unaudited

Common stocks  80.67%    
    Value
Information technology  12.52% Shares (000)
     
Baidu, Inc., Class A (ADR) 1 2,467,900        $      386,226
Samsung Electronics Co. Ltd. 2 216,950        258,392
Samsung Electronics Co. Ltd., nonvoting preferred 2 53,200        47,582
Mail.Ru Group Ltd. (GDR) 6,960,505        259,418
Mail.Ru Group Ltd. (GDR) 3 848,230        31,613
Google Inc., Class A 1 192,950        227,868
Murata Manufacturing Co., Ltd. 1,736,000        163,184
Alcatel-Lucent 1 37,384,619        151,111
Yandex NV, Class A 1 3,791,500        139,338
Tencent Holdings Ltd. 2 1,899,300        131,653
Taiwan Semiconductor Manufacturing Co. Ltd. 2 28,643,000        98,898
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) 1,200,000        20,304
Avago Technologies Ltd. 1,867,000        102,013
AAC Technologies Holdings Inc. 2 20,997,500        91,045
Cognizant Technology Solutions Corp., Class A 1 870,000        84,320
NetEase, Inc. (ADR) 1 1,094,199        82,032
TDK Corp. 1,761,700        80,869
Infosys Ltd. 1,250,000        73,839
Tech Mahindra Ltd. 1,893,218        53,995
Quanta Computer Inc. 2 14,608,000        35,951
Anritsu Corp. 3,187,000        35,467
ASM Pacific Technology Ltd. 2 3,419,900        32,126
Gemalto NV 274,900        31,040
Hexagon AB, Class B 973,000        30,907
Youku Tudou Inc., Class A (ADR) 1 858,587        24,865
Halma PLC 2,225,000        21,891
STMicroelectronics NV 2,655,000        21,796
OMRON Corp. 465,000        18,615
Spectris PLC 500,000        18,264
Infineon Technologies AG 1,590,000        16,418
Broadcom Corp., Class A 525,000        15,624
SINA Corp. 1 206,300        13,449
    2,800,113
Consumer discretionary  12.11%    
     
Naspers Ltd., Class N 2,113,281        215,992
Toyota Motor Corp. 2,214,500        128,357
Hankook Tire Co., Ltd. 1,2 2,215,558        127,407
Melco Crown Entertainment Ltd. (ADR) 1 3,015,000        123,585
Melco International Development Ltd. 2 33,085,000        121,018
Li & Fung Ltd. 2 84,707,800        118,363
Swatch Group Ltd, non-registered shares 123,900        73,863
Swatch Group Ltd 342,000        35,137
Wynn Macau, Ltd. 2 22,574,600        97,166
Ctrip.com International, Ltd. (ADR) 1 2,166,000        85,579
Common stocks    
    Value
Consumer discretionary  (continued) Shares (000)
     
Zhongsheng Group Holdings Ltd. 2 57,922,000        $        84,808
Bayerische Motoren Werke AG 776,000        84,585
Domino’s Pizza, Inc. 1,195,000        84,379
Inchcape PLC 8,060,000        77,512
Hyundai Motor Co. 2 350,800        76,808
Galaxy Entertainment Group Ltd. 1,2 7,155,000        70,670
Truworths International Ltd. 9,233,000        60,659
L’Occitane International SA 2 30,026,750        59,535
Daimler AG 705,000        59,075
Chow Sang Sang Holdings International Ltd. 2 21,805,000        58,720
Renault SA 644,894        56,326
Tata Motors Ltd. 9,895,929        55,209
Honda Motor Co., Ltd. 1,385,000        52,773
Zee Entertainment Enterprises Ltd. 11,250,000        47,842
Arcos Dorados Holdings Inc., Class A 5,392,400        47,777
MGM China Holdings Ltd. 2 11,952,000        47,590
Techtronic Industries Co. Ltd. 2 17,785,000        46,125
Hyundai Mobis Co., Ltd. 2 154,041        44,431
Kering SA 201,807        40,296
Belle International Holdings Ltd. 2 35,305,000        37,729
Golden Eagle Retail Group Ltd. 2 26,393,000        36,198
Nissan Motor Co., Ltd. 3,777,000        32,716
NIKE, Inc., Class B 445,000        32,418
SAIC Motor Corp. Ltd., Class A 2 14,193,344        30,431
Publicis Groupe SA 326,159        28,936
Sands China Ltd. 2 3,630,000        28,197
Dongfeng Motor Group Co., Ltd., Class H 2 17,518,000        25,660
Intercontinental Hotels Group PLC 774,666        25,087
Shangri-La Asia Ltd. 2 14,802,000        24,879
Cie. Financière Richemont SA, Class A 235,000        21,811
General Motors Co. 1 548,000        19,772
Hero MotoCorp Ltd. 606,394        19,058
Mahindra & Mahindra Ltd. 1,320,500        18,762
Las Vegas Sands Corp. 237,500        18,173
PT Astra International Tbk 2 32,820,000        17,416
Mr Price Group Ltd. 857,190        10,586
    2,709,416
Financials  10.29%    
     
Prudential PLC 10,506,431        212,094
AIA Group Ltd. 2 34,774,600        161,213
Kasikornbank PCL 20,624,238        106,214
Kasikornbank PCL, nonvoting depository receipts 4,735,762        24,389
AEON Financial Service Co., Ltd. 5,110,000        120,085
Banco Espírito Santo, SA 1 70,462,306        107,387
Citigroup Inc. 2,212,000        104,915
Siam Commercial Bank PCL 22,018,000        99,385
Bank of the Philippine Islands 2 46,231,443        90,741
UniCredit SpA 11,825,004        88,992
Sberbank of Russia (ADR) 6,277,500        67,922
Sberbank of Russia (GDR) 3 1,432,900        15,504
Grupo Financiero Santander México, SAB de CV, Class B (ADR) 7,180,000        79,411
Axis Bank Ltd. 3,924,628        70,340
Common stocks    
    Value
Financials  (continued) Shares (000)
     
Banco Bilbao Vizcaya Argentaria, SA 1 5,469,756        $        65,361
American Tower Corp. 760,000        61,469
Housing Development Finance Corp. Ltd. 4,000,250        51,616
Itaúsa - Investimentos Itaú SA, preferred nominative 14,632,466        51,054
ICICI Bank Ltd. 2,145,000        33,814
ICICI Bank Ltd. (ADR) 525,000        16,889
HDFC Bank Ltd. 4,925,000        49,403
Agricultural Bank of China, Class H 2 113,785,000        49,318
PT Bank Rakyat Indonesia (Persero) Tbk 2 71,186,000        49,016
Kotak Mahindra Bank Ltd. 4,650,000        48,764
China Pacific Insurance (Group) Co., Ltd., Class H 2 11,110,000        39,994
ACE Ltd. 425,000        39,869
Ayala Land, Inc. 2 65,163,800        37,772
Ayala Land, Inc. 1,2 30,910,900        68
Krung Thai Bank PCL 59,918,000        30,313
GT Capital Holdings, Inc. 2 1,703,040        27,871
Banco Bradesco SA, preferred nominative 2,173,708        23,563
Metropolitan Bank & Trust Co. 2 13,487,500        22,664
Türkiye Garanti Bankasi AS 8,559,582        22,567
Banco Santander, SA 2,443,000        21,120
Banco Santander, SA, interim shares 1,2 56,813        491
Itaú Unibanco Holding SA, preferred nominative 1,700,524        21,337
Brookfield Asset Management Inc., Class A 562,000        21,328
BDO Unibank, Inc. 2 12,000,003        20,944
Bank of China Ltd., Class H 2 47,531,000        20,000
CITIC Securities Co. Ltd., Class A 2 10,378,930        19,863
Standard Chartered PLC 912,800        18,607
China Vanke Co., Ltd., Class A 2 13,311,455        16,237
China Overseas Land & Investment Ltd. 2 5,672,000        15,224
TCS Group Holding PLC (GDR) 1,3    768,600        8,378
TCS Group Holding PLC (GDR) 1 575,000        6,267
Banco Santander (Brasil) SA, units 3,000,000        13,998
Industrial and Commercial Bank of China Ltd., Class H 2 20,106,845        12,364
BM&FBOVESPA SA, ordinary nominative 2,242,000        8,910
Bao Viet Holdings 2 2,931,430        6,475
C C Land Holdings Ltd. 2 2,000,000        431
    2,301,951
Industrials  8.34%    
     
International Container Terminal Services, Inc. 2,4 106,374,000        230,963
Cummins Inc. 1,377,000        174,851
Alliance Global Group, Inc. 2 167,000,000        100,177
Airbus Group NV 1,174,573        83,342
ASSA ABLOY AB, Class B 1,657,660        82,739
Intertek Group PLC 1,760,700        81,970
United Technologies Corp. 607,000        69,210
Jardine Matheson Holdings Ltd. 2 1,275,000        68,599
Shanghai Industrial Holdings Ltd. 2 20,253,000        67,637
DP World Ltd. 3,653,567        66,495
Toshiba Corp. 15,700,000        66,383
Industries Qatar QSC 2 1,156,941        57,146
Bureau Veritas SA 2,074,864        53,994
SGS SA 23,101        52,309
Common stocks    
    Value
Industrials  (continued) Shares (000)
     
Andritz AG 895,000        $        49,189
A.P. Møller-Mærsk A/S, Class B 4,400        49,071
China State Construction International Holdings Ltd. 2 25,662,000        46,839
JG Summit Holdings, Inc. 2 50,956,200        44,318
SMC Corp. 167,000        42,539
Experian PLC 2,460,000        42,058
Aggreko PLC 1,605,536        40,804
CIMC Enric Holdings Ltd. 2 24,368,000        39,361
Kansas City Southern 355,000        37,484
Schneider Electric SA 424,238        34,267
Siemens AG 235,000        29,780
Chart Industries, Inc. 1 340,169        29,064
Container Corp. of India Ltd. 2,100,000        24,627
Koc Holding AS, Class B 6,772,150        22,947
Rockwell Automation 151,000        17,341
KONE Oyj, Class B 419,800        17,099
Cebu Air, Inc. 2 12,878,300        14,070
AirAsia Bhd. 2 19,707,900        13,334
KBR, Inc. 340,000        10,642
Weichai Power Co., Ltd., Class A 2 876,700        2,537
PT Bakrie & Brothers Tbk 1,2 1,332,820,100        1,528
    1,864,714
Consumer staples  8.18%    
     
OJSC Magnit (GDR) 2,295,700        121,098
OJSC Magnit (GDR) 3 1,881,000        99,223
Nestlé SA 2,419,417        175,589
Pernod Ricard SA 1,276,363        137,095
LT Group, Inc. 2 316,367,400        128,496
Anheuser-Busch InBev NV 1,175,395        112,632
Shoprite Holdings Ltd. 7,018,122        90,131
United Spirits Ltd. 2,102,363        82,992
Hypermarcas SA, ordinary nominative 11,853,200        74,904
British American Tobacco PLC 1,533,000        73,486
United Breweries Ltd. 5,131,864        68,331
SABMiller PLC 1,437,200        64,736
Coca-Cola Co. 1,386,400        52,434
PepsiCo, Inc. 646,000        51,913
Henkel AG & Co. KGaA, nonvoting preferred 470,000        50,952
Procter & Gamble Co. 643,000        49,267
Associated British Foods PLC 1,015,000        45,301
Grupo Nutresa SA 3,341,557        39,119
Unilever NV, depository receipts 990,000        36,992
Wal-Mart de México, SAB de CV, Series V (ADR) 1,500,000        35,817
Kimberly-Clark de México, SAB de CV, Class A 12,000,000        30,597
Thai Beverage PCL 2 70,000,000        30,337
Charoen Pokphand Foods PCL 33,589,000        29,000
Wumart Stores, Inc., Class H 2 22,535,000        28,743
Asahi Group Holdings, Ltd. 1,030,000        28,357
Japan Tobacco Inc. 783,000        24,501
Avon Products, Inc. 1,300,000        19,357
ITC Ltd. 3,695,000        19,172
L’Oréal SA, non-registered shares 82,700        13,608
Common stocks    
    Value
Consumer staples  (continued) Shares (000)
     
Coca-Cola Icecek AS, Class C 394,000        $          8,244
China Resources Enterprise, Ltd. 2 1,488,000        4,446
Marfrig Global Foods SA, ordinary nominative 1 1,629,000        2,808
    1,829,678
Health care  7.47%    
     
Hikma Pharmaceuticals PLC 4 11,911,828        235,178
Novo Nordisk A/S, Class B 5,920,750        234,373
Grifols, SA, Class B, non-registered shares 2,635,630        104,507
Grifols, SA, Class B (ADR) 1,384,215        54,829
Grifols, SA, Class A, non-registered shares 464,100        24,064
Alexion Pharmaceuticals, Inc. 1 985,712        156,462
Novartis AG 1,481,600        117,332
Novartis AG (ADR) 300,000        23,721
Bayer AG 718,500        94,859
Teva Pharmaceutical Industries Ltd. (ADR) 1,730,000        77,210
Genomma Lab Internacional, SAB de CV, Series B 1 27,395,000        67,781
Krka, dd, Novo mesto 755,000        60,587
JSC Pharmstandard (GDR) 1,2 6,123,618        54,041
JSC Pharmstandard (GDR) 1,2,3 392,700        3,466
CSL Ltd. 820,000        50,420
Allergan, Inc. 431,000        49,393
BioMarin Pharmaceutical Inc. 1 590,000        40,639
AstraZeneca PLC 635,000        40,278
Life Healthcare Group Holdings Ltd. 12,125,000        38,727
Waters Corp. 1 330,000        35,729
Baxter International Inc. 480,000        32,784
Merck & Co., Inc. 600,000        31,782
Cochlear Ltd. 540,000        27,046
PT Kalbe Farma Tbk 2 139,340,000        16,147
    1,671,355
Energy  6.23%    
     
InterOil Corp. 1,4 3,253,239        164,842
Genel Energy PLC 1 9,625,600        155,545
Ophir Energy PLC 1 27,417,242        125,929
Pacific Rubiales Energy Corp. 7,468,728        113,531
Royal Dutch Shell PLC, Class B 1,905,000        69,679
Royal Dutch Shell PLC, Class B (ADR) 210,000        15,294
Indus Gas Ltd. 1 7,000,000        96,086
Gulf Keystone Petroleum Ltd. 1 33,881,975        87,447
Cobalt International Energy, Inc. 1 5,330,000        87,252
Noble Energy, Inc. 1,030,000        64,200
Africa Oil Corp. 1 8,057,700        59,397
Africa Oil Corp. (SEK denominated) 1,2,5 275,600        1,971
Africa Oil Corp. (SEK denominated) 1 71,325        520
Oil Search Ltd. 8,559,907        60,154
Galp Energia, SGPS, SA, Class B 3,816,155        59,086
Heritage Oil Ltd. 1,4 14,813,874        45,783
YPF Sociedad Anónima, Class D (ADR) 1,850,000        41,051
Petróleo Brasileiro SA – Petrobras, ordinary nominative (ADR) 1,500,000        16,815
Petróleo Brasileiro SA – Petrobras, preferred nominative (ADR) 736,270        8,762
CNOOC Ltd. 2 15,861,000        24,669
Common stocks    
    Value
Energy  (continued) Shares (000)
     
BG Group PLC 1,180,000        $        19,825
BP PLC 2,480,000        19,488
Eni SpA 856,000        19,453
Essar Energy PLC 1 19,963,500        18,936
INPEX CORP. 1,252,000        14,950
African Petroleum Corp. Ltd. 1 10,219,334        2,146
    1,392,811
Telecommunication services  4.33%    
     
SoftBank Corp. 3,706,100        274,339
MTN Group Ltd. 10,216,491        181,583
Vodafone Group PLC 42,739,300        159,172
Reliance Communications Ltd. 60,476,096        119,253
Globe Telecom, Inc. 2 1,670,000        63,124
Millicom International Cellular SA (SDR) 521,440        50,780
Shin Corp. PCL, nonvoting depository receipts 15,642,600        33,408
Shin Corp. PCL 3,992,400        8,527
América Móvil, SAB de CV, Series L (ADR) 979,600        20,826
Hellenic Telecommunications Organization SA 1 1,216,500        17,719
PT XL Axiata Tbk 2 34,045,665        13,582
China Communications Services Corp. Ltd., Class H 2 20,400,000        11,066
OJSC MegaFon (GDR) 3 343,900        10,258
China Telecom Corp. Ltd., Class H 2 7,202,000        3,336
NII Holdings, Inc., Class B 1 795,705        2,395
    969,368
Materials 3.44%    
     
Linde AG 555,392        105,243
Givaudan SA 41,362        61,223
Celanese Corp., Series A 1,041,000        52,716
Akzo Nobel NV 726,000        52,297
Grasim Industries Ltd. (GDR) 2 527,053        21,578
Grasim Industries Ltd. 521,502        21,350
International Flavors & Fragrances Inc. 475,000        41,173
Holcim Ltd 559,676        40,742
Solvay NV 240,000        33,566
First Quantum Minerals Ltd. 1,866,300        33,396
OJSC Alrosa 29,721,945        30,848
ArcelorMittal 1,650,000        27,416
Ambuja Cements Ltd. 10,700,000        27,179
Wacker Chemie AG 228,000        27,146
African Minerals Ltd. 1 9,803,102        27,074
BHP Billiton PLC 700,000        20,661
PT Indocement Tunggal Prakarsa Tbk 2 11,262,500        20,610
Israel Chemicals Ltd. 2 2,285,000        18,757
Rio Tinto PLC 346,000        18,449
Aquarius Platinum Ltd. (GBP denominated) 1 15,760,636        10,234
Aquarius Platinum Ltd. 1 7,384,628        4,912
Vedanta Resources PLC 1,098,918        14,588
Lonmin PLC 1 2,513,549        12,689
Northam Platinum Ltd. 3,235,460        12,128
ACC Ltd. 750,000        12,100
LG Chem, Ltd. 2 45,500        11,014
     
Common stocks    
    Value
Materials  (continued) Shares (000)
     
FUCHS PETROLUB SE 133,975        $          10,392
PT Semen Indonesia (Persero) Tbk 2 962,000        1,129
    770,610
Utilities  2.88%    
     
ENN Energy Holdings Ltd. 2 40,446,000        261,756
Power Grid Corp. of India Ltd. 92,408,870        140,851
PT Perusahaan Gas Negara (Persero) Tbk 2 251,233,500        98,556
Huaneng Power International, Inc., Class H 2 79,600,000        73,595
Cheung Kong Infrastructure Holdings Ltd. 2 8,340,000        49,192
Energy World Corp. Ltd. 1 61,900,000        19,773
    643,723
Miscellaneous  4.88%    
     
Other common stocks in initial period of acquisition   1,091,988
Total common stocks (cost: $13,796,948,000)   18,045,727
Rights  0.00%    
     
Miscellaneous  0.00%    
     
Other rights in initial period of acquisition   —
Total rights (cost: $0)   —
     
Convertible securities  0.03%    
  Principal amount  
Consumer staples  0.03% (000)  
     
Shoprite Holdings Ltd. 6.50% convertible notes 2017 ZAR62,950               6,030
Total convertible securities (cost: $8,166,000)   6,030
Bonds, notes & other debt instruments  10.12%    
     
Bonds & notes of governments outside the U.S.  7.36%    
     
United Mexican States Government, Series M, 5.00% 2017 MXN140,900               10,665
United Mexican States Government Global, Series A, 5.625% 2017 $14,550               16,187
United Mexican States Government, Series M10, 7.75% 2017 MXN  85,000               6,973
United Mexican States Government 3.50% 2017 6 140,557        11,321
United Mexican States Government 4.00% 2019 6 428,827        35,505
United Mexican States Government Global, Series A, 5.125% 2020 $18,020               19,890
United Mexican States Government, Series M, 6.50% 2021 MXN554,400               42,187
United Mexican States Government Global, Series A, 3.625% 2022 $12,000               11,838
United Mexican States Government, Series M20, 10.00% 2024 MXN97,000               9,118
United Mexican States Government Global, Series A, 6.05% 2040 $19,180               20,427
United Mexican States Government 4.00% 2040 6 MXN65,934               4,942
United Mexican States Government Global 5.55% 2045 $  5,395               5,341
Indonesia (Republic of) 6.875% 2018 6,696        7,491
Indonesia (Republic of) 5.875% 2020 51,520        54,611
Indonesia (Republic of) 4.875% 2021 3 30,140        29,876
Indonesia (Republic of) 4.875% 2021 18,770        18,606
Indonesia (Republic of) 3.75% 2022 2,490        2,266
Indonesia (Republic of) 3.375% 2023 3 15,750        13,545
Bonds, notes and other debt instruments    
  Principal amount Value
Bonds & notes of governments outside the U.S.  (continued) (000) (000)
     
Indonesia (Republic of) 5.875% 2024 3 $  6,500        $  6,638
Indonesia (Republic of) 7.75% 2038 3 3,730        4,168
Indonesia (Republic of) 5.25% 2042 5,000        4,287
Philippines (Republic of) 9.375% 2017 4,000        4,885
Philippines (Republic of) 9.875% 2019 19,100        25,284
Philippines (Republic of) 4.95% 2021 PHP1,190,000               27,764
Philippines (Republic of) 6.375% 2022 350,000        8,879
Philippines (Republic of) 5.50% 2026 $  7,000               7,735
Philippines (Republic of) 7.75% 2031 16,070        21,273
Philippines (Republic of) 6.25% 2036 PHP1,460,000               33,021
Turkey (Republic of) 10.00% 2015 TRY30,725               13,496
Turkey (Republic of) 7.00% 2016 $12,750               13,914
Turkey (Republic of) 4.557% 2018 3 8,605        8,508
Turkey (Republic of) 6.75% 2018 15,200        16,486
Turkey (Republic of) 7.00% 2019 3,500        3,825
Turkey (Republic of) 10.50% 2020 TRY10,800               4,852
Turkey (Republic of) 3.00% 2021 6 27,007        11,577
Turkey (Republic of) 5.625% 2021 $24,325               24,416
Turkey (Republic of) 6.00% 2041 19,300        17,298
Russian Federation 3.25% 2017 3 8,400        8,811
Russian Federation 6.20% 2018 RUB1,123,400               30,696
Russian Federation 5.00% 2020 $  6,300               6,705
Russian Federation 7.50% 2030 8 29,512        34,042
Russian Federation 7.50% 2030 3,8 22,031        25,413
Colombia (Republic of) Global 12.00% 2015 COP  2,555,000               1,416
Colombia (Republic of), Series B, 5.00% 2018 96,172,300        45,846
Colombia (Republic of) Global 4.375% 2021 $18,800               19,129
Colombia (Republic of), Series B, 7.00% 2022 COP13,172,000               6,502
Colombia (Republic of) Global 9.85% 2027 12,099,000        7,336
Colombia (Republic of), Series B, 6.00% 2028 30,523,900        13,158
Colombia (Republic of) Global 6.125% 2041 $11,200               11,760
Greek Government 2.00%/3.00% 2023 7 €6,915               6,267
Greek Government 2.00%/3.00% 2024 7 6,915        6,028
Greek Government 2.00%/3.00% 2025 7 6,915        5,850
Greek Government 2.00%/3.00% 2026 7 6,915        5,660
Greek Government 2.00%/3.00% 2027 7 6,915        5,523
Greek Government 2.00%/3.00% 2028 7 6,915        5,388
Greek Government 2.00%/3.00% 2029 7 6,915        5,267
Greek Government 2.00%/3.00% 2030 7 6,915        5,166
Greek Government 2.00%/3.00% 2031 7 6,915        5,097
Greek Government 2.00%/3.00% 2032 7 6,915        5,016
Greek Government 2.00%/3.00% 2033 7 6,915        4,959
Greek Government 2.00%/3.00% 2034 7 6,915        4,906
Greek Government 2.00%/3.00% 2035 7 6,915        4,850
Greek Government 2.00%/3.00% 2036 7 6,915        4,838
Greek Government 2.00%/3.00% 2037 7 6,915        4,784
Greek Government 2.00%/3.00% 2038 7 6,915        4,751
Greek Government 2.00%/3.00% 2039 7 6,915        4,735
Greek Government 2.00%/3.00% 2040 7 6,915        4,706
Greek Government 2.00%/3.00% 2041 7 6,915        4,701
Greek Government 2.00%/3.00% 2042 7 6,915        4,688
Polish Government 3.00% 2016 6 PLN25,642               8,505
Polish Government, Series 1021, 5.75% 2021 74,600        25,480
Bonds, notes and other debt instruments    
  Principal amount Value
Bonds & notes of governments outside the U.S.  (continued) (000) (000)
     
Polish Government 5.00% 2022 $25,895               $27,772
Polish Government 2.75% 2023 6 PLN10,551               3,481
Polish Government 4.00% 2024 $29,450               29,008
Hungarian Government 4.125% 2018 7,930        7,920
Hungarian Government 6.25% 2020 37,240        40,033
Hungarian Government 6.375% 2021 9,260        9,908
Hungarian Government 5.375% 2023 10,840        10,624
Hungarian Government 5.75% 2023 4,200        4,163
Hungarian Government 7.625% 2041 5,400        5,751
Brazil (Federal Republic of) 6.00% 2015 6 BRL14,440               5,931
Brazil (Federal Republic of) 10.00% 2017 33,000        12,774
Brazil (Federal Republic of) 6.00% 2017 6 24,066        9,671
Brazil (Federal Republic of) 6.00% 2018 6 50,539        20,048
Brazil (Federal Republic of) Global 8.875% 2019 $6,100               7,838
Brazil (Federal Republic of) 6.00% 2020 6 BRL25,269               9,883
Brazil (Federal Republic of) 6.00% 2045 6 26,473        9,472
Croatian Government 6.75% 2019 3 $  9,890               10,595
Croatian Government 6.625% 2020 27,365        29,007
Croatian Government 6.625% 2020 3 2,000        2,120
Croatian Government 6.375% 2021 3 18,245        18,975
Croatian Government 5.50% 2023 3 9,785        9,369
South Africa (Republic of) 5.50% 2020 20,200        21,412
South Africa (Republic of), Series R-2023, 7.75% 2023 ZAR302,500               25,560
South Africa (Republic of), Series R-213, 7.00% 2031 283,650        20,525
Venezuela (Republic of) 5.75% 2016 $22,000               17,765
Venezuela (Republic of) 7.75% 2019 6,250        4,187
Venezuela (Republic of) 9.25% 2027 56,640        37,666
Venezuela (Republic of) 9.25% 2028 6,485        4,118
Peru (Republic of) 8.375% 2016 15,763        18,206
Peru (Republic of) 7.84% 2020 PEN23,680               9,358
Peru (Republic of) 7.35% 2025 $3,550               4,437
Peru (Republic of) 8.20% 2026 PEN8,000               3,231
Peru (Republic of) 8.75% 2033 $14,975               21,115
Peru (Republic of) 6.55% 2037 8 5,042        5,760
Slovenia (Republic of) 4.75% 2018 3 16,515        16,953
Slovenia (Republic of) 5.50% 2022 3 3,000        3,011
Slovenia (Republic of) 5.85% 2023 3 31,870        32,627
Slovenia (Republic of) 5.85% 2023 5,800        5,938
Nigeria (Republic of) 5.125% 2018 3 4,265        4,345
Nigeria (Republic of) 16.00% 2019 NGN1,650,000               11,047
Nigeria (Republic of) 6.75% 2021 3 $8,100               8,630
Nigeria (Republic of) 16.39% 2022 NGN3,910,000               27,129
Nigeria (Republic of) 6.375% 2023 $  2,800               2,864
Nigeria (Republic of) 6.375% 2023 3 2,145        2,194
Panama (Republic of) Global 8.875% 2027 2,775        3,725
Panama (Republic of) Global 9.375% 2029 9,034        12,512
Panama (Republic of) Global 6.70% 2036 8 6,819        7,654
Morocco Government 4.25% 2022 6,500        6,057
Morocco Government 4.25% 2022 3 2,200        2,050
Morocco Government 5.50% 2042 16,000        14,069
Morocco Government 5.50% 2042 3 1,800        1,583
Dominican Republic 9.04% 2018 8 3,148        3,459
Dominican Republic 7.50% 2021 8 1,000        1,096
     
Bonds, notes and other debt instruments    
  Principal amount Value
Bonds & notes of governments outside the U.S.  (continued) (000) (000)
     
Dominican Republic 8.625% 2027 3,8 $9,900        $        10,717
Uruguay (Republic of) 5.00% 2018 6 UYU112,431               5,468
Uruguay (Republic of) 4.375% 2028 2,6,8 204,553        9,021
Pakistan Government 6.875% 2017 $13,600               13,600
Bahrain Government 5.50% 2020 11,635        12,348
Bahrain Government 5.50% 2020 3 565        600
Chilean Government 5.50% 2020 CLP1,915,000               3,482
Chilean Government 3.00% 2020 6 468,989        898
Chilean Government 3.00% 2022 6 480,714        930
Chilean Government 3.00% 2022 6 410,365        793
Chilean Government 3.00% 2023 6 656,584        1,279
India Treasury Bill 0% 2014 INR370,000               5,825
India Treasury Bill 0% 2014 370,000        5,802
Egypt (Arab Republic of) 5.75% 2020 3 $  4,000               3,980
Argentina (Republic of) 0% 2035 4,369        311
    1,646,754
Corporate bonds & notes  1.96%    
Energy  0.73%    
     
Gazprom OJSC 5.092% 2015 3 11,480        12,231
Gazprom OJSC 9.25% 2019 15,000        18,187
Gazprom OJSC, Series 9, 6.51% 2022 28,850        30,581
Gazprom OJSC 6.51% 2022 3 10,810        11,459
Gazprom OJSC 7.288% 2037 10,600        11,090
Petróleos Mexicanos 5.50% 2021 7,675        8,212
Petróleos Mexicanos 4.875% 2022 5,568        5,683
Petróleos Mexicanos 3.50% 2023 3,975        3,609
Pemex Project Funding Master Trust, Series 13, 6.625% 2035 15,000        15,756
Petróleos Mexicanos 6.50% 2041 13,088        13,479
Zhaikmunai LP 7.125% 2019 3 11,000        11,695
Reliance Holdings Ltd. 4.50% 2020 3 7,135        7,177
Reliance Holdings Ltd. 5.40% 2022 3 2,175        2,250
Ras Laffan Liquefied Natural Gas II 5.298% 2020 3,8 4,474        4,810
PTT Exploration & Production Ltd. 5.692% 2021 3 3,400        3,660
Ecopetrol SA 5.875% 2023 3,100        3,232
    163,111
Financials  0.49%    
     
HSBK (Europe) BV 7.25% 2021 3 24,090        26,075
HSBK (Europe) BV 7.25% 2021 8,000        8,659
SB Capital SA 5.40% 2017 11,900        12,739
SB Capital SA 5.25% 2023 3 10,000        9,275
BBVA Bancomer SA, junior subordinated 7.25% 2020 3 4,505        4,967
BBVA Bancomer SA 6.50% 2021 3 6,550        7,066
Longfor Properties Co. Ltd. 9.50% 2016 10,400        10,966
Dubai Holding Commercial Operations MTN Ltd. 6.00% 2017 £4,000               6,896
Development Bank of Kazakhstan 5.50% 2015 3 $6,059               6,418
Bank of India 3.625% 2018 3 6,000        5,844
VEB Finance Ltd. 6.902% 2020 5,300        5,757
Banco de Crédito del Perú 5.375% 2020 3 5,000        5,162
    109,824
Bonds, notes and other debt instruments    
  Principal amount Value
Consumer staples  0.17% (000) (000)
     
BFF International Ltd. 7.25% 2020 3 $12,500        $        13,750
Brasil Foods SA 5.875% 2022 3 12,000        11,910
Marfrig Holdings (Europe) BV 9.875% 2017 3 12,695        12,505
Marfrig Overseas Ltd. 9.50% 2020 3 800        768
    38,933
Industrials  0.16%    
     
Brunswick Rail Finance Ltd. 6.50% 2017 10,455        10,554
Brunswick Rail Finance Ltd. 6.50% 2017 3 9,345        9,434
Zoomlion H.K. SPV Co., Ltd. 6.125% 2022 3 17,000        15,002
    34,990
Materials  0.14%    
     
CEMEX SAB de CV 4.989% 2018 3,9 12,000        12,572
CEMEX SAB de CV 9.00% 2018 3 6,255        6,787
CEMEX España, SA 9.25% 2020 3 9,289        10,092
CEMEX SA 9.25% 2020 1,250        1,358
    30,809
Utilities  0.13%    
     
Eskom Holdings Ltd. 5.75% 2021 3 12,300        12,085
AES Panamá, SA 6.35% 2016 3 10,400        11,230
CEZ, a s 4.25% 2022 3 4,720        4,830
    28,145
Telecommunication services  0.12%    
     
MTS International Funding Ltd. 8.625% 2020 13,200        15,477
Digicel Group Ltd. 8.25% 2020 3 6,500        6,792
Digicel Group Ltd. 6.00% 2021 3 4,850        4,717
    26,986
Information technology  0.01%    
     
Samsung Electronics America, Inc. 1.75% 2017 3 2,075        2,079
     
Consumer discretionary  0.01%    
     
Grupo Televisa, SAB 7.25% 2043 MXN30,240               1,775
Total corporate bonds & notes   436,652
     
U.S. Treasury bonds & notes  0.80%    
     
U.S. Treasury 4.75% 2014 10 $  15,200        15,399
U.S. Treasury 4.00% 2015 157,900        164,154
    179,553
Total bonds, notes & other debt instruments (cost: $2,251,683,000)   2,262,959
     
Short-term securities  9.05%    
     
Freddie Mac 0.08%–0.14% due 2/20–7/22/2014 387,400        387,352
Federal Home Loan Bank 0.055%–0.165% due 2/20–12/23/2014 279,700        279,603
Mitsubishi UFJ Trust and Banking Corp. 0.17%–0.19% due 2/21–2/27/2014 3 143,400        143,383
Victory Receivables Corp. 0.15% due 2/12/2014 3 60,803        60,800
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.12% due 2/5/2014 35,000        34,999
Fannie Mae 0.12%–0.135% due 5/1–11/24/2014 206,350        206,251
International Bank for Reconstruction and Development 0.10%–0.13% due 5/12–7/7/2014 187,300        187,262
Sumitomo Mitsui Banking Corp. 0.10% due 2/10–2/14/2014 3 105,100        105,096
Australia & New Zealand Banking Group, Ltd. 0.16%–0.17% due 3/20–3/25/2014 3 102,500        102,483
Commonwealth Bank of Australia 0.15%–0.155% due 2/10/2014 3 73,500        73,498
Nordea Bank AB 0.165%–0.175% due 2/19–3/11/2014 3 68,500        68,493
BNP Paribas Finance Inc. 0.20% due 2/3–3/6/2014 57,800        57,793
Toronto-Dominion Holdings USA Inc. 0.17%–0.21% due 2/6–2/24/2014 3 57,000        56,997
Mizuho Funding LLC 0.20% due 3/4/2014 3 56,600        56,591
KfW 0.13% due 2/24/2014 3 50,000        49,998
Bank of Nova Scotia 0.16% due 2/18/2014 50,000        49,997
Emerson Electric Co. 0.09% due 5/1/2014 3 28,600        28,594
Svenska Handelsbanken Inc. 0.15% due 2/26/2014 3 25,000        24,997
Société Générale North America, Inc. 0.245% due 2/4/2014 20,200        20,199
Old Line Funding, LLC 0.23% due 7/9/2014 3 12,515        12,506
Caisse d’Amortissement de la Dette Sociale 0.11% due 2/3/2014 3 9,600        9,600
General Electric Co. 0.05% due 2/3/2014 8,500        8,500
Cisco Systems, Inc. 0.07% due 3/20/2014 3 300        300
Total short-term securities (cost: $ 2,025,082,000 )   2,025,292
Total investment securities (cost: $18,081,879,000)   22,340,008
Other assets less liabilities   29,951
Net assets   $22,369,959

 

As permitted by U.S. Securities and Exchange Commission regulations, “Miscellaneous” securities include holdings in their first year of acquisition that have not previously been publicly disclosed.

 

Forward currency contracts

 

The fund has entered into forward currency contracts to sell currencies as shown in the following table. The average notional amount of open forward currency contracts was $323,100,000 over the prior 12-month period.

 

          Unrealized
          appreciation
    Contract amount (depreciation)
      Receive Deliver at 1/31/2014
  Settlement date Counterparty (000) (000) (000)
           
Sales:          
Brazilian reais 2/10/2014 Citibank                                          $11,827  BRL28,225  $     148
Brazilian reais 2/10/2014 Citibank                                          $13,357 BRL32,000  132
Brazilian reais 2/13/2014 JPMorgan Chase $13,503  BRL32,525  71
Brazilian reais 2/27/2014 Citibank                                          $14,467 BRL35,025  53
Colombian pesos 2/25/2014 Citibank                                          $14,650  COP28,549,595  508
Colombian pesos 2/27/2014 Citibank                                          $10,385  COP20,874,425  46
Euros 2/13/2014 Bank of America, N.A.  $31,653  €23,300  228
Euros 2/27/2014 Bank of New York Mellon   $20,655  €15,100  290
Japanese yen 2/10/2014 UBS AG  $6,895  ¥720,538  (158)
Japanese yen 2/27/2014 HSBC Bank $102,071  ¥10,680,715  (2,480)
Mexican pesos 2/13/2014 Bank of America, N.A.  $12,470  MXN164,100  213
Mexican pesos 2/26/2014 Barclays Bank PLC  $32,609  MXN434,925  153
Mexican pesos 2/27/2014 JPMorgan Chase $5,679  MXN76,400  (21)
Peruvian nuevos soles 2/27/2014 Barclays Bank PLC  $9,760  PEN27,650  30
Philippine pesos 2/12/2014 JPMorgan Chase $12,501  PHP557,425  204
Philippine pesos 2/24/2014 Barclays Bank PLC  $4,875  PHP222,550  (34)
Russian rubles 3/5/2014 Barclays Bank PLC  $17,679  RUB627,000  (41)
Turkish lira 2/10/2014 HSBC Bank $20,821  TRY44,900  772
            $   114

 

 

Investments in affiliates

 

A company is an affiliate of the fund under the Investment Company Act of 1940 if the fund’s holdings in that company represent 5% or more of the outstanding voting shares. Further details on these holdings and related transactions during the three months ended January 31, 2014, appear below.

 

            Value of
          Dividend affiliates at
           income 1/31/2014
  Beginning shares Additions Reductions Ending shares (000) (000)
             
Hikma Pharmaceuticals PLC  11,911,828                     —                     —  11,911,828  $ — $  235,178
International Container            
Terminal Services, Inc. 2  106,374,000                     — —  106,374,000                     —  230,963
InterOil Corp. 1  2,228,239  1,025,000 —  3,253,239                     —  164,842
Heritage Oil Ltd. 1     14,813,874                    —                    —  14,813,874 —  45,783
Ophir Energy PLC 1,11  32,317,242 — 4,900,000  27,417,242 —                    —
           $—  $676,766

 

1 Security did not produce income during the last 12 months.

2 Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities, including those in “Miscellaneous,” was $4,304,559,000, which represented 19.24% of the net assets of the fund. This amount includes $4,212,395,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading.

3 Acquired in a transaction exempt from registration under Rule 144A or section 4(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $1,439,128,000, which represented 6.43% of the net assets of the fund.

4 Represents an affiliated company as defined under the Investment Company Act of 1940.

5 Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. This security (acquired on 10/17/2013 at a cost of $2,228,000) may be subject to legal or contractual restrictions on resale.

6 Index-linked bond whose principal amount moves with a government price index.

7 Step bond; coupon rate will increase at a later date.

8 Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

9 Coupon rate may change periodically.

10 A portion of this security was pledged as collateral. The total value of pledged collateral was $1,398,000, which represented less than .01% of the net assets of the fund.

11 Unaffiliated issuer at 1/31/2014.

 

 

Valuation disclosures

 

Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value of each share class of the fund is generally determined as of approximately 4:00 p.m. New York time each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities purchased with more than 60 days left to maturity, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

 

Fixed-income class Examples of standard inputs
All Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”)
Corporate bonds & notes; convertible securities Standard inputs and underlying equity of the issuer
Bonds & notes of governments & government agencies Standard inputs and interest rate volatilities

 

 

When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or not deemed to be representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. Short-term securities purchased within 60 days to maturity are valued at amortized cost, which approximates fair value. The value of short-term securities originally purchased with maturities greater than 60 days is determined based on an amortized value to par when they reach 60 days. Forward currency contracts are valued at the mean of representative quoted bid and ask prices, generally based on prices supplied by one or more pricing vendors.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of fund’s 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; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Processes and structure — The trust’s board of directors has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of directors with supplemental information to support the changes. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.

The fund’s investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.

Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market . The following tables present the fund’s valuation levels as of January 31, 2014 (dollars in thousands):

 

      Investment securities
             
      Level 1 Level 2 * Level 3 Total
             
Assets:            
  Common stocks:        
     Information technology  $   2,104,466  $      695,647  $            —    $     2,800,113
     Consumer discretionary  1,556,265  1,153,151 —  2,709,416
     Financials  1,711,265  590,618  68  2,301,951
     Industrials  1,178,205  686,509 —     1,864,714
     Consumer staples  1,637,656  192,022 —  1,829,678
     Health care  1,597,701  16,147  57,507  1,671,355
     Energy  1,366,171  26,640 —  1,392,811
     Telecommunication services  878,260  91,108 —  969,368
     Materials  697,522  73,088 —  770,610
     Utilities  160,624  483,099 —     643,723
     Miscellaneous  862,054  229,934 —  1,091,988
  Convertible securities —  6,030 —  6,030
  Bonds, notes & other debt instruments:        
    Bonds & notes of governments outside the U.S. —  1,646,754 —  1,646,754
    Corporate bonds & notes —  436,652 —  436,652
    U.S. Treasury bonds & notes —  179,553 —  179,553
  Short-term securities —  2,025,292 —  2,025,292
Total      $13,750,189  $8,532,244  $57,575  $22,340,008
             
      Other investments †
             
      Level 1 Level 2 Level 3 Total
             
Assets:            
  Unrealized appreciation on open forward currency contracts $— $ 2,848 $— $ 2,848
Liabilities:            
  Unrealized depreciation on open forward currency contracts — (2,734) — (2,734)
Total     $— $    114 $— $   114

 

*Securities with a value of $4,117,760,000, which represented 18.41% of the net assets of the fund, transferred from Level 1 to Level 2 since the prior fiscal year-end, primarily due to significant market movements following the close of local trading.

†Forward currency contracts are not included in the investment portfolio.

 

Federal income tax information (dollars in thousands)
   
Gross unrealized appreciation on investment securities $  5,281,275
Gross unrealized depreciation on investment securities (1,127,733)
Net unrealized appreciation on investment securities 4,153,542
Cost of investment securities for federal income tax purposes 18,186,466

  

 

Key to abbreviations and symbols      
       
ADR = American Depositary Receipts CLP = Chilean pesos MXN = Mexican pesos SEK = Swedish kronor
CDI = CREST Depository Interest COP = Colombian pesos NGN = Nigerian naira TRY = Turkish lira
GDR = Global Depositary Receipts € = Euros PEN = Peruvian nuevos soles UYU = Uruguayan pesos
SDR = Swedish Depositary Receipts GBP/£ = British pounds PHP = Philippine pesos ZAR = South African rand
BRL = Brazilian reais INR = Indian rupees RUB = Russian rubles  

 

 

 

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

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the American Funds website at americanfunds.com.

 

 

MFGEFPX-036-0314O-S37681

ITEM 2 – Controls and Procedures

 

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

 

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

 

 

ITEM 3 – Exhibits

 

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

 

 
 

 

SIGNATURES

 

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

 

  NEW WORLD FUND, INC.
   
  By /s/ Michael J. Thawley
 

Michael J. Thawley, Vice Chairman and

Principal Executive Officer

   
  Date: March 31, 2014

 

 

 

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

 

 

By /s/ Michael J. Thawley

Michael J. Thawley, Vice Chairman and

Principal Executive Officer

 
Date: March 31, 2014

 

 

 

By /s/ Brian C. Janssen

Brian C. Janssen, Treasurer and

Principal Financial Officer

 
Date: March 31, 2014