# EDGAR Filing Document

**Accession Number:** 0001785360
**File Stem:** 0001145549-23-019467
**Filing Date:** 2023-3
**Character Count:** 60571
**Document Hash:** f71b990a127d349adbb672184218256f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-019467.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001145549-23-019467

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Group U.S. Equity Fund
- **CENTRAL INDEX KEY:** 0001785360
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23469
- **FILM NUMBER:** 23773032

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET
- **STREET 2:** 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Series and Classes Contracts Data

### Capital Group U.S. Equity Fund (Series ID: S000066955)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000215520 | Share class  | CUSEX           |

## Nport-Ex

![](img75af3b181.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Capital Group U.S. Equity Fund** <br>Investment portfolio <br>January 31, 2023

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Common stocks 93.40%<br> **Information technology 19.13%**<br>| Shares | Value<br> (000)<br>|
| Microsoft Corp. | 57820 | $14328 |
| Visa, Inc., Class A | 52416 | &nbsp;&nbsp; 12067 |
| Apple, Inc. | 48450 | &nbsp;&nbsp;&nbsp;&nbsp; 6991 |
| Broadcom, Inc. | &nbsp;&nbsp; 9881 | &nbsp;&nbsp;&nbsp;&nbsp; 5780 |
| ASML Holding NV (New York registered) (ADR) | &nbsp;&nbsp; 8124 | &nbsp;&nbsp;&nbsp;&nbsp; 5369 |
| KLA Corp. | &nbsp;&nbsp; 6519 | &nbsp;&nbsp;&nbsp;&nbsp; 2559 |
| Jack Henry & Associates, Inc. | 10922 | &nbsp;&nbsp;&nbsp;&nbsp; 1967 |
| GoDaddy, Inc., Class A<sup>1</sup>  | 19188 | &nbsp;&nbsp;&nbsp;&nbsp; 1576 |
| Texas Instruments, Inc. | &nbsp;&nbsp; 8562 | &nbsp;&nbsp;&nbsp;&nbsp; 1517 |
| Adobe, Inc.<sup>1</sup>  | &nbsp;&nbsp; 3348 | &nbsp;&nbsp;&nbsp;&nbsp; 1240 |
| Analog Devices, Inc. | &nbsp;&nbsp; 7202 | &nbsp;&nbsp;&nbsp;&nbsp; 1235 |
| Mastercard, Inc., Class A | &nbsp;&nbsp; 2478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 918 |
| ServiceNow, Inc.<sup>1</sup>  | &nbsp;&nbsp; 1902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866 |
| Applied Materials, Inc. | &nbsp;&nbsp; 1320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147 |
| Trimble, Inc.<sup>1</sup>  | &nbsp;&nbsp; 1770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103 |
|  |  | &nbsp;&nbsp; 56663 |
| **Financials 15.32%** |  |  |
| Marsh & McLennan Companies, Inc. | 59290 | &nbsp;&nbsp; 10370 |
| Chubb, Ltd. | 29593 | &nbsp;&nbsp;&nbsp;&nbsp; 6732 |
| JPMorgan Chase & Co. | 39430 | &nbsp;&nbsp;&nbsp;&nbsp; 5519 |
| Aon PLC, Class A | 16148 | &nbsp;&nbsp;&nbsp;&nbsp; 5146 |
| State Street Corp. | 31687 | &nbsp;&nbsp;&nbsp;&nbsp; 2894 |
| Wells Fargo & Company | 59972 | &nbsp;&nbsp;&nbsp;&nbsp; 2811 |
| CME Group, Inc., Class A | 13875 | &nbsp;&nbsp;&nbsp;&nbsp; 2451 |
| MSCI, Inc. | &nbsp;&nbsp; 4200 | &nbsp;&nbsp;&nbsp;&nbsp; 2233 |
| Arthur J. Gallagher & Co. | 11313 | &nbsp;&nbsp;&nbsp;&nbsp; 2214 |
| Moody's Corp. | &nbsp;&nbsp; 4775 | &nbsp;&nbsp;&nbsp;&nbsp; 1541 |
| Intercontinental Exchange, Inc. | 11287 | &nbsp;&nbsp;&nbsp;&nbsp; 1214 |
| Nasdaq, Inc. | 16650 | &nbsp;&nbsp;&nbsp;&nbsp; 1002 |
| First Republic Bank | &nbsp;&nbsp; 5326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750 |
| Morgan Stanley | &nbsp;&nbsp; 1827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178 |
| KeyCorp | &nbsp;&nbsp; 8121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156 |
| S&P Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154 |
|  |  | &nbsp;&nbsp; 45365 |
| **Health care 15.31%** |  |  |
| UnitedHealth Group, Inc. | 13514 | &nbsp;&nbsp;&nbsp;&nbsp; 6746 |
| Seagen, Inc.<sup>1</sup>  | 33927 | &nbsp;&nbsp;&nbsp;&nbsp; 4732 |
| Danaher Corp. | 17208 | &nbsp;&nbsp;&nbsp;&nbsp; 4550 |
| Humana, Inc. | &nbsp;&nbsp; 7763 | &nbsp;&nbsp;&nbsp;&nbsp; 3972 |
| Abbott Laboratories | 35001 | &nbsp;&nbsp;&nbsp;&nbsp; 3869 |
| Bristol-Myers Squibb Company | 42328 | &nbsp;&nbsp;&nbsp;&nbsp; 3075 |
| AstraZeneca PLC (ADR) | 43650 | &nbsp;&nbsp;&nbsp;&nbsp; 2854 |
| Elevance Health, Inc. | &nbsp;&nbsp; 5492 | &nbsp;&nbsp;&nbsp;&nbsp; 2746 |
| Eli Lilly and Company | &nbsp;&nbsp; 7493 | &nbsp;&nbsp;&nbsp;&nbsp; 2579 |

---

Capital Group U.S. Equity Fund — Page 1 of 5

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Health care (continued)**<br>| Shares | Value<br> (000)<br>|
| Novo Nordisk A/S, Class B (ADR) | 17100 | $2373 |
| Edwards Lifesciences Corp.<sup>1</sup>  | 27280 | &nbsp;&nbsp;&nbsp;&nbsp; 2092 |
| Pfizer, Inc. | 29099 | &nbsp;&nbsp;&nbsp;&nbsp; 1285 |
| Horizon Therapeutics PLC<sup>1</sup>  | &nbsp;&nbsp; 9688 | &nbsp;&nbsp;&nbsp;&nbsp; 1063 |
| Regeneron Pharmaceuticals, Inc.<sup>1</sup>  | &nbsp;&nbsp; 1271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 964 |
| Centene Corp.<sup>1</sup>  | 11600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 885 |
| Zoetis, Inc., Class A | &nbsp;&nbsp; 4720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 781 |
| Oak Street Health, Inc.<sup>1</sup>  | 20453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594 |
| AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125 |
| Biohaven, Ltd.<sup>1</sup>  | &nbsp;&nbsp; 3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59 |
|  |  | &nbsp;&nbsp; 45344 |
| **Industrials 11.84%** |  |  |
| Waste Connections, Inc. | 41191 | &nbsp;&nbsp;&nbsp;&nbsp; 5474 |
| Northrop Grumman Corp. | &nbsp;&nbsp; 8993 | &nbsp;&nbsp;&nbsp;&nbsp; 4029 |
| Honeywell International, Inc. | 11655 | &nbsp;&nbsp;&nbsp;&nbsp; 2430 |
| TransDigm Group, Inc. | &nbsp;&nbsp; 3385 | &nbsp;&nbsp;&nbsp;&nbsp; 2430 |
| CSX Corp. | 74478 | &nbsp;&nbsp;&nbsp;&nbsp; 2303 |
| AMETEK, Inc. | 15552 | &nbsp;&nbsp;&nbsp;&nbsp; 2254 |
| Norfolk Southern Corp. | &nbsp;&nbsp; 9029 | &nbsp;&nbsp;&nbsp;&nbsp; 2219 |
| Raytheon Technologies Corp. | 21717 | &nbsp;&nbsp;&nbsp;&nbsp; 2168 |
| Carrier Global Corp. | 46294 | &nbsp;&nbsp;&nbsp;&nbsp; 2108 |
| United Airlines Holdings, Inc.<sup>1</sup>  | 41847 | &nbsp;&nbsp;&nbsp;&nbsp; 2049 |
| ITT, Inc. | 22129 | &nbsp;&nbsp;&nbsp;&nbsp; 2027 |
| Airbus Group SE (ADR) | 50200 | &nbsp;&nbsp;&nbsp;&nbsp; 1572 |
| Deere & Company | &nbsp;&nbsp; 3200 | &nbsp;&nbsp;&nbsp;&nbsp; 1353 |
| Trinity Industries, Inc. | 28566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 822 |
| HEICO Corp. | &nbsp;&nbsp; 2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410 |
| HEICO Corp., Class A | &nbsp;&nbsp; 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 401 |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp; 7175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 723 |
| Equifax, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155 |
| General Electric Co. | &nbsp;&nbsp; 1858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150 |
|  |  | &nbsp;&nbsp; 35077 |
| **Consumer discretionary 8.17%** |  |  |
| Dollar General Corp. | 23745 | &nbsp;&nbsp;&nbsp;&nbsp; 5547 |
| Chipotle Mexican Grill, Inc.<sup>1</sup>  | &nbsp;&nbsp; 3026 | &nbsp;&nbsp;&nbsp;&nbsp; 4982 |
| NIKE, Inc., Class B | 32785 | &nbsp;&nbsp;&nbsp;&nbsp; 4174 |
| Amazon.com, Inc.<sup>1</sup>  | 24374 | &nbsp;&nbsp;&nbsp;&nbsp; 2514 |
| YUM! Brands, Inc. | 16476 | &nbsp;&nbsp;&nbsp;&nbsp; 2150 |
| Hilton Worldwide Holdings, Inc. | 12177 | &nbsp;&nbsp;&nbsp;&nbsp; 1767 |
| Aramark | 25351 | &nbsp;&nbsp;&nbsp;&nbsp; 1129 |
| Lear Corp. | &nbsp;&nbsp; 6984 | &nbsp;&nbsp;&nbsp;&nbsp; 1018 |
| Darden Restaurants, Inc. | &nbsp;&nbsp; 4900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 725 |
| TJX Companies, Inc. | &nbsp;&nbsp; 2433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199 |
|  |  | &nbsp;&nbsp; 24205 |
| **Consumer staples 5.86%** |  |  |
| Philip Morris International, Inc. | 41540 | &nbsp;&nbsp;&nbsp;&nbsp; 4330 |
| Anheuser-Busch InBev SA/NV (ADR) | 35100 | &nbsp;&nbsp;&nbsp;&nbsp; 2116 |
| Mondelez International, Inc. | 31404 | &nbsp;&nbsp;&nbsp;&nbsp; 2055 |
| Estée Lauder Companies, Inc., Class A | &nbsp;&nbsp; 6687 | &nbsp;&nbsp;&nbsp;&nbsp; 1853 |
| General Mills, Inc. | 18816 | &nbsp;&nbsp;&nbsp;&nbsp; 1475 |
| British American Tobacco PLC (ADR) | 36219 | &nbsp;&nbsp;&nbsp;&nbsp; 1394 |
| Nestlé SA (ADR) | &nbsp;&nbsp; 9255 | &nbsp;&nbsp;&nbsp;&nbsp; 1131 |

---

Capital Group U.S. Equity Fund — Page 2 of 5

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Consumer staples (continued)**<br>| Shares | Value<br> (000)<br>|
| Procter & Gamble Company | &nbsp;&nbsp;&nbsp;&nbsp; 7880 | $1122 |
| Kraft Heinz Company | &nbsp;&nbsp; 23494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 952 |
| Hormel Foods Corp. | &nbsp;&nbsp; 17200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779 |
| Constellation Brands, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 17359 |
| **Energy 5.06%** |  |  |
| ConocoPhillips | &nbsp;&nbsp; 42474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5176 |
| Chevron Corp. | &nbsp;&nbsp; 28212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4909 |
| EOG Resources, Inc. | &nbsp;&nbsp; 31098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4113 |
| TC Energy Corp. | &nbsp;&nbsp; 13700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 591 |
| Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 1732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14990 |
| **Communication services 4.36%** |  |  |
| Alphabet, Inc., Class C<sup>1</sup>  | &nbsp;&nbsp; 51396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5133 |
| Comcast Corp., Class A | 102195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4021 |
| Charter Communications, Inc., Class A<sup>1</sup>  | &nbsp;&nbsp;&nbsp;&nbsp; 5413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2080 |
| Electronic Arts, Inc. | &nbsp;&nbsp; 11887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1530 |
| Take-Two Interactive Software, Inc.<sup>1</sup>  | &nbsp;&nbsp;&nbsp;&nbsp; 1349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12917 |
| **Utilities 3.60%** |  |  |
| Constellation Energy Corp. | &nbsp;&nbsp; 29853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2548 |
| Sempra Energy | &nbsp;&nbsp; 13320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2136 |
| CenterPoint Energy, Inc. | &nbsp;&nbsp; 45667 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1376 |
| AES Corp. | &nbsp;&nbsp; 48597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1332 |
| NextEra Energy, Inc. | &nbsp;&nbsp; 14276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1065 |
| Entergy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 8561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927 |
| PG&E Corp.<sup>1</sup>  | &nbsp;&nbsp; 48315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 768 |
| Edison International | &nbsp;&nbsp;&nbsp;&nbsp; 7370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10660 |
| **Real estate 2.48%** |  |  |
| Equinix, Inc. REIT | &nbsp;&nbsp;&nbsp;&nbsp; 5809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4288 |
| Crown Castle, Inc. REIT | &nbsp;&nbsp; 20579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3048 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7336 |
| **Materials 2.27%** |  |  |
| Linde PLC | &nbsp;&nbsp; 17374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5750 |
| Sherwin-Williams Company | &nbsp;&nbsp;&nbsp;&nbsp; 4110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 972 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6722 |
| **Total common stocks** (cost: $135,945,000) |  | &nbsp;&nbsp; 276638 |
| Short-term securities 6.45%<br> **Money market investments 6.45%**<br>|  |  |
| Capital Group Central Cash Fund 4.46%<sup>2,3</sup>  | 191034 | &nbsp;&nbsp;&nbsp;&nbsp; 19102 |
| **Total short-term securities** (cost: $19,099,000) |  | &nbsp;&nbsp;&nbsp;&nbsp; 19102 |
| **Total investment securities 99.85%** (cost: $155,044,000) |  | &nbsp;&nbsp; 295740 |
| **Other assets less liabilities 0.15%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450 |
| **Net assets 100.00%** |  | $296190 |

---

Capital Group U.S. Equity Fund — Page 3 of 5

------

**unaudited**

Investments in affiliates<sup>3</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value of <br>affiliates at <br>11/1/2022 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(000)<br>| Value of <br>affiliates at <br>1/31/2023 <br>(000)<br>| Dividend <br>income <br>(000)<br>|
| **Short-term securities 6.45%** | **Short-term securities 6.45%** | **Short-term securities 6.45%** | **Short-term securities 6.45%** | **Short-term securities 6.45%** | **Short-term securities 6.45%** | **Short-term securities 6.45%** | **Short-term securities 6.45%** |
| **Money market investments 6.45%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.46%<sup>2</sup> <br>| $16181 | $10734 | $7815 | $1 | $1 | $19102 | $193 |
| **Money market investments purchased with collateral** <br>**from securities on loan 0.00%**<br>|  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.46%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715 |  | &nbsp;&nbsp;&nbsp;&nbsp; 715<sup>4</sup> <br>|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<sup>5</sup> <br>|
| **Total 6.45%** |  |  |  | $1 | $1 | $19102 | $193 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> Security did not produce income during the last 12 months.

<sup>2</sup> Rate represents the seven-day yield at 1/31/2023.

<sup>3</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

<sup>4</sup> Represents net activity. 

<sup>5</sup> Dividend income is included with securities lending income and is not shown in this table.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers.

**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.

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 following inputs: benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads, interest rate volatilities, 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.

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, contractual or legal 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.

Capital Group U.S. Equity Fund — Page 4 of 5

------

**unaudited**

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. As of January 31, 2023, all of the fund's investments were classified as Level 1.

---

| |
|:---|
| **Key to abbreviations** |
| ADR = American Depositary Receipts |
| REIT = Real Estate Investment Trust |

---

**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 the investment objectives, risks, charges and expenses of the Capital Private Client Services Funds. This and other important information is contained in the prospectus, which can be obtained from your investment counselor and should be read carefully before investing.**

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.

American Funds Distributors, Inc., member FINRA.© 2023 Capital Group. All rights reserved.

MFGEFP1-124-0323O-S89739

Capital Group U.S. Equity Fund — Page 5 of 5

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## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Capital Group U.S. Equity Fund

- **b. Investment Company Act file number:** 811-23469

- **c. CIK number of Registrant:** 0001785360

- **d. LEI of Registrant:** 549300ZXMN2OPNRUPL85

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 6455 IRVINE CENTER DRIVE

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618

  - **Telephone number:** 9499755000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Capital Group U.S. Equity Fund

- **b. EDGAR series identifier (if any):** S000066955

- **c. LEI of Series:** 549300ZXMN2OPNRUPL85

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $302053708.22

**Total Liabilities:** $6251722.01

**Net Assets:** $295801986.21

**Cash Not Reported:** $218.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215520 | 6.13%                | -3.80%               | 3.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-407453.13              | $146399981.70                              |
| Month 2  | $847345.99               | $-12679615.89                              |
| Month 3  | $4223173.90              | $6976124.38                                |

### Schedule of Portfolio Investments

| Name                              | Title                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ZOETIS INC                        | ZOETIS INC CL A                       | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      4720 | NS      | $781112.80    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORP                      | CENTENE CORP                          | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     11600 | NS      | $884384.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC     | INTERCONTINENTAL EXCHANGE INC         | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     11287 | NS      | $1213916.85   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT INC                           | ITT INC                               | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     22129 | NS      | $2026795.11   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| JACK HENRY & ASSOCIATES INC       | JACK HENRY & ASSOCIATES INC           | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |     10922 | NS      | $1966942.98   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO               | JPMORGAN CHASE & CO                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     39430 | NS      | $5518622.80   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                           | KEYCORP                               | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      8121 | NS      | $155841.99    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFT HEINZ CO (THE)              | KRAFT HEINZ CO (THE)                  | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     23494 | NS      | $952211.82    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                          | KLA CORP                              | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      6519 | NS      | $2558577.12   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                         | LINDE PLC                             | CUSIP: N/A<br>LEI: 8945002PAZHZLBGKGF02       | Long             | EC               | CORP              | GB        |     17374 | NS      | $5749751.56   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND CO                  | ELI LILLY AND CO                      | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      7493 | NS      | $2578715.95   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                    | MASTERCARD INC CL A                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2478 | NS      | $918346.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODY'S CORP                      | MOODYS CORP                           | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      4775 | NS      | $1541131.25   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC        | MONDELEZ INTERNATIONAL INC            | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     31404 | NS      | $2055077.76   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL GROUP CENTRAL CASH FUND   | CAPITAL GROUP CENTRAL CASH FUND       | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | STIV             | RF                | US        |    172236 | NS      | $17221845.64  | 5.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC    | MARSH & MCLENNAN COMPANIES INC        | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     59290 | NS      | $10370413.90  | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                    | MORGAN STANLEY                        | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      1827 | NS      | $177821.91    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI INC                          | MSCI INC                              | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      4200 | NS      | $2232552.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                    | MICROSOFT CORP                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     57820 | NS      | $14328374.20  | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ INC                        | NASDAQ INC                            | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     16650 | NS      | $1002163.50   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                | NEXTERA ENERGY INC                    | CUSIP: 65339F101<br>LEI: TWQ1WATU9P8ZBX9T3I54 | Long             | EC               | CORP              | US        |     14276 | NS      | $1065417.88   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE INC                          | NIKE INC CL B                         | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     32785 | NS      | $4174514.05   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP             | NORTHROP GRUMMAN CORP                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      8993 | NS      | $4029223.72   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC                    | SERVICENOW INC                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1902 | NS      | $865657.26    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION      | NORFOLK SOUTHERN CORP                 | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      9029 | NS      | $2219418.49   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTLE SA                         | NESTLE SA ADR                         | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      9255 | NS      | $1131099.83   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                  | NOVO NORDISK A/S CL B ADR             | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     17100 | NS      | $2373138.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC               | TRANSDIGM GROUP INC                   | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3385 | NS      | $2429583.75   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                         | APPLE INC                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     48450 | NS      | $6990850.50   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                        | ABBVIE INC                            | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       846 | NS      | $124996.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES               | ABBOTT LABORATORIES                   | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     35001 | NS      | $3869360.55   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC                         | ADOBE INC                             | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      3348 | NS      | $1239898.32   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES INC                | ANALOG DEVICES INC                    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      7202 | NS      | $1234926.94   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AES CORP (THE)                    | AES CORP (THE)                        | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     48597 | NS      | $1332043.77   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTHUR J GALLAGHER & CO           | ARTHUR J GALLAGHER & CO               | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     11313 | NS      | $2214180.36   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC             | APPLIED MATERIALS INC                 | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      1320 | NS      | $147166.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK INC                        | AMETEK INC                            | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     15552 | NS      | $2253795.84   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                    | AMAZON.COM INC                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     24374 | NS      | $2513690.62   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PLC                           | AON PLC CL A                          | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | IE        |     16148 | NS      | $5146044.64   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ARAMARK                           | ARAMARK                               | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     25351 | NS      | $1128880.03   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                   | ASML HOLDING NV-NY REG SHS ADR        | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      8124 | NS      | $5368664.16   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                      | BROADCOM INC                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      9881 | NS      | $5780483.81   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                   | ASTRAZENECA PLC ADR                   | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     43650 | NS      | $2853400.50   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOHAVEN LTD                      | BIOHAVEN LTD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3100 | NS      | $59179.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO           | BRISTOL-MYERS SQUIBB CO               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     42328 | NS      | $3075129.20   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC      | BRITISH AMERICAN TOBACCO PLC ADR      | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     36219 | NS      | $1394069.31   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ANHEUSER-BUSCH INBEV SA/NV        | ANHEUSER-BUSCH INBEV SA/NV ADR        | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     35100 | NS      | $2116179.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORP               | CARRIER GLOBAL CORP                   | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     46294 | NS      | $2107765.82   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                         | CHUBB LTD                             | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |     29593 | NS      | $6732111.57   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                  | CROWN CASTLE INC (REIT)               | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     20579 | NS      | $3047955.69   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP         | CONSTELLATION ENERGY CORP             | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     29853 | NS      | $2548252.08   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMMUNICATIONS INC        | CHARTER COMMUNICATIONS INC CL A       | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      5413 | NS      | $2080270.03   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                      | COMCAST CORP CL A                     | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    102195 | NS      | $4021373.25   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                     | CME GROUP INC CL A                    | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     13875 | NS      | $2451157.50   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL INC        | CHIPOTLE MEXICAN GRILL INC            | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3026 | NS      | $4981945.88   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY INC            | CENTERPOINT ENERGY INC                | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     45667 | NS      | $1375490.04   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                    | CONOCOPHILLIPS                        | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     42474 | NS      | $5176306.38   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX CORP                          | CSX CORP                              | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     74478 | NS      | $2302859.76   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                      | CHEVRON CORP                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28212 | NS      | $4909452.24   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & CO                        | DEERE & CO                            | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      3200 | NS      | $1353088.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORP               | DOLLAR GENERAL CORP                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     23745 | NS      | $5546832.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                      | DANAHER CORP                          | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     17208 | NS      | $4549451.04   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS INC            | DARDEN RESTAURANTS INC                | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      4900 | NS      | $725053.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECTRONIC ARTS INC               | ELECTRONIC ARTS                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     11887 | NS      | $1529619.16   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBUS SE                         | AIRBUS GROUP SE - UNSP ADR            | CUSIP: 009279100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     50200 | NS      | $1572264.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                       | EQUIFAX INC                           | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |       696 | NS      | $154651.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL              | EDISON INTERNATIONAL                  | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      7370 | NS      | $507793.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ESTEE LAUDER COMPANIES INC (THE)  | ESTEE LAUDER COMPANIES INC (THE) CL A | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      6687 | NS      | $1852833.96   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC               | ELEVANCE HEALTH INC                   | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      5492 | NS      | $2745945.08   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES INC                 | EOG RESOURCES INC                     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     31098 | NS      | $4112710.50   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                       | EQUINIX INC (REIT)                    | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      5809 | NS      | $4287797.17   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP                      | ENTERGY CORP                          | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      8561 | NS      | $926985.08    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| EDWARDS LIFESCIENCES CORP         | EDWARDS LIFESCIENCES CORP             | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     27280 | NS      | $2092376.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK               | FIRST REPUBLIC BANK                   | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |      5326 | NS      | $750326.88    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC                       | GODADDY INC CL A                      | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     19188 | NS      | $1575910.44   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL ELECTRIC CO               | GENERAL ELECTRIC CO                   | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      1858 | NS      | $149531.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MILLS INC                 | GENERAL MILLS INC                     | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     18816 | NS      | $1474421.76   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                      | ALPHABET INC CL C                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     51396 | NS      | $5132918.52   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP                        | HEICO CORP                            | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      2400 | NS      | $410280.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP                        | HEICO CORP CL A                       | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      3000 | NS      | $401040.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC     | HILTON WORLDWIDE HOLDINGS INC         | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     12177 | NS      | $1766760.93   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC       | HONEYWELL INTERNATIONAL INC           | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     11655 | NS      | $2429834.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORP                 | HORMEL FOODS CORP                     | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     17200 | NS      | $779332.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                        | HUMANA INC                            | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      7763 | NS      | $3972327.10   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HORIZON THERAPEUTICS PLC          | HORIZON THERAPEUTICS PLC              | CUSIP: N/A<br>LEI: 529900P0GSQ79OOZEV53       | Long             | EC               | CORP              | US        |      9688 | NS      | $1062967.36   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LEAR CORP                         | LEAR CORP                             | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      6984 | NS      | $1018127.52   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| OAK STREET HEALTH INC             | OAK STREET HEALTH INC                 | CUSIP: 67181A107<br>LEI: 2549007CJE6GSEURLA30 | Long             | EC               | CORP              | US        |     20453 | NS      | $594364.18    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                         | PG&E CORP                             | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     48315 | NS      | $768208.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                        | PFIZER INC                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     29099 | NS      | $1285011.84   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO               | PROCTER & GAMBLE CO                   | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      7880 | NS      | $1121954.40   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC   | PHILIP MORRIS INTERNATIONAL INC       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     41540 | NS      | $4330129.60   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS INC     | REGENERON PHARMACEUTICALS             | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      1271 | NS      | $964015.37    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYTHEON TECHNOLOGIES CORP        | RAYTHEON TECHNOLOGIES CORP            | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     21717 | NS      | $2168442.45   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGEN INC                        | SEAGEN INC                            | CUSIP: 81181C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33927 | NS      | $4732137.96   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN-WILLIAMS CO               | SHERWIN-WILLIAMS CO                   | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      4110 | NS      | $972384.90    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC                    | S&P GLOBAL INC                        | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       410 | NS      | $153725.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA ENERGY                     | SEMPRA ENERGY                         | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     13320 | NS      | $2135595.60   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                 | STATE STREET CORP                     | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     31687 | NS      | $2893973.71   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC          | CONSTELLATION BRANDS INC CL A         | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       657 | NS      | $152108.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX COMPANIES INC (THE)           | TJX COMPANIES INC (THE)               | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      2433 | NS      | $199165.38    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC                       | TRIMBLE INC                           | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      1770 | NS      | $102766.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY INDUSTRIES INC            | TRINITY INDUSTRIES INC                | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     28566 | NS      | $821843.82    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TC ENERGY CORP                    | TC ENERGY CORP (USD)                  | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     13700 | NS      | $591018.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE INC | TAKE-TWO INTERACTIVE SOFTWARE INC     | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      1349 | NS      | $152747.27    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC             | TEXAS INSTRUMENTS INC                 | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      8562 | NS      | $1517272.02   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC      | UNITED AIRLINES HOLDINGS INC          | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     41847 | NS      | $2048829.12   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC            | UNITEDHEALTH GROUP INC                | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     13514 | NS      | $6746053.66   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                          | VISA INC CL A                         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     52416 | NS      | $12066687.36  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC             | WASTE CONNECTIONS INC (USD)           | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     41191 | NS      | $5474283.90   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & CO                  | WELLS FARGO & CO                      | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     59972 | NS      | $2810887.64   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEMS INC     | ADVANCED DRAINAGE SYSTEMS INC         | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |      7175 | NS      | $723527.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                  | EXXON MOBIL CORP                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      1732 | NS      | $200929.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! BRANDS INC                   | YUM! BRANDS INC                       | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     16476 | NS      | $2150282.76   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-15

**Name of Applicant:** Capital Group U.S. Equity Fund

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Analyst