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American Funds Insurance Series International Fund Division

Portfolio Composition

  as of 12/31/2023
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Asset Type Net Short Long Non-U.S. Stocks 97.16% 0.0%   97.16%   Cash 2.29% 0.52%   2.81%   U.S. Stocks 0.34% 0.0%   0.34%   Preferred 0.13% 0.0%   0.13%   Other 0.07% 0.0%   0.07%   Total 99.99%

Top 10 Holdings   as of 12/31/2023    What's this? % of Net Assets Novo Nordisk A/S Class B 4.17 Shopify Inc Registered Shs -A- Subord Vtg 3.76 Daiichi Sankyo Co Ltd 3.60 Fortescue Ltd 3.53 Reliance Industries Ltd 3.12 Airbus SE 2.98 Recruit Holdings Co Ltd 2.47 MercadoLibre Inc 2.39 Kotak Mahindra Bank Ltd 2.32 Glencore PLC 2.19 Total*: 30.53 *Values may exceed 100% if both long and short positions are included in the portfolio	Morningstar Style Box™   as of 12/31/2023    What's this?
Stock Sector Breakdown   as of 12/31/2023    What's this? % of Net Assets Cyclical 34.95 Basic Materials 11.71 Consumer Cyclical 10.93 Financial Svcs 11.74 Real Estate 0.57 Defensive 18.81 Consumer Defensive 4.96 Healthcare 12.70 Utilities 1.15 Sensitive 46.24 Comm Svcs 4.87 Energy 7.93 Industrials 17.67 Technology 15.77	Top 5 Countries   as of 12/31/2023 % of Net Assets Japan 13.83 India 11.34 Canada 10.10 France 7.70 Netherlands 7.31
Regional Exposure   as of 12/31/2023 % of Net Assets Europe 41.27 Pacific Rim 28.25 Japan 13.84 Other 11.04 Latin America 5.25 United States 0.35	Analysis   as of 12/31/2023 Average Market Cap (mil): $54,945.61 Price/Earnings Ratio: 17.53 Price/Book Ratio: 2.70 Price/Cash Flow Ratio: 11.68 Turnover Ratio: 28.00% # Stock Holdings: 145 # Bond Holdings: 0 # Other Holdings: 7 Total # of Holdings: 152

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MSCI ACWI Ex USA Growth Index captures large and mid-cap securities exhibiting overall growth style characteristics across 22 Developed Markets countries and 23 Emerging Markets countries. International and global investment options are subject to additional risk due to fluctuating exchange rates, foreign accounting and financial policies, and other economic and political environments.