Capital Group Funds (Canada)
PRINT- Summary
- Portfolio managers
- Distributions
Investment Objective
Seeks to provide, over the long term, a high level of total return consistent with prudent investment management through investments primarily in bonds and other debt securities of global issuers. Total return comprises the income generated by the fund and the changes in the market value of the fund's investments.
Fund Description
A prudent approach to global diversification
Invests primarily in sovereign and corporate bonds in both developed and developing markets.
Invests primarily in sovereign and corporate bonds in both developed and developing markets.
Returns
Growth of $10,000 since inception (Series F)
Returns include reinvestment of all distributions and do not reflect the effect of a sales charge. Past returns are not predictive of future returns.
| Returns (%) | Series F | |
| 1 month | 0.65 | |
| YTD | 5.34 | |
| 1 year* | 7.59 | |
| 3 years* | -1.55 | |
| 5 years* | -0.58 | |
| Lifetime* | 0.72 | |
| Lifetime (cumulative) | 5.15 | |
| 2023 | 3.62 | |
| 2022 | -11.61 | |
| 2021 | -5.68 | |
| 2020 | 7.99 | |
| 2019 | 2.37 |
*Annualized compound returns.
Portfolio information
| Fund assets ($mil) combined series | $266.7 | |
| Companies / issuers | 544 | |
| Income distributions paid | Monthly | |
| Capital gains paid | December | |
| Portfolio turnover (2023) | 113% | |
| Trading expense ratio1 | 0.02% | |
| Effective duration (years)2 | 6.2 | |
| Yield to maturity | 4.57% | |
| Yield to worst 3 | 4.51% | |
Asset breakdown4
| Developed markets (investment grade) | ||
| Government | 33.4% | |
| Corporate | 18.4% | |
| Inflation-linked | 0.1% | |
| Asset backed | 1.2% | |
| Mortgage backed | 20.6% | |
| Subtotal | 73.7% | |
| Corporate high yield | 1.7% | |
| Emerging market debt5 | 24.5% | |
| Other | — | |
| Cash and cash equivalents & other assets less liabilities |
0.1% | |
| Total portfolio | 100.0% | |
Portfolio characteristics
| Series F | |
| FundSERV | CIF 120 |
| MER6 | 0.68% |
| Fund inception | Nov 30, 2017 |
| Minimum initial investment | $500 |
| 12-month distribution rate7 | 3.6% |
| Trade settlement | T+18 |
Portfolio managers
| Years with Capital / Years in profession | |
| Philip Chitty | 20 / 29 |
| Andrew Cormack | 5 / 19 |
| Tom Reithinger | 10 / 13 |
Top 10 issuers4
| % of Portfolio | Yield % | |
| U.S. Treasury | 7.8 | 4.4 |
| Federal Home Loan Mortgage | 7.1 | 5.3 |
| Fannie Mae | 7.0 | 5.4 |
| Japan, Government of | 4.4 | 2.2 |
| Germany, Federal Republic of | 3.2 | 2.0 |
| UMBS | 3.2 | 5.2 |
| Brazil, Federal Government of | 3.1 | 13.4 |
| China, People's Republic of | 3.0 | 2.1 |
| UK Government | 2.6 | 4.4 |
| Indonesia, Government of the Republic of | 2.3 | 6.1 |
Quarterly holdings (PDF)
Country and currency4
| Top 5 countries | |
| United States | 41.7% |
| Japan | 4.4% |
| Brazil | 4.3% |
| Germany | 4.3% |
| United Kingdom | 4.2% |
| Top 5 currencies9 | |
| US Dollar | 44.0% |
| Euro | 22.5% |
| Yen | 9.7% |
| Yuan Renminbi Offshore | 4.5% |
| Canadian Dollar | 3.1% |
Bond quality summary4
| % of Bonds | |
| AAA/Aaa | 8.0 |
| AA/Aa | 38.0 |
| A | 15.5 |
| BBB/Baa | 20.5 |
| BB/Ba | 9.6 |
| B | 7.0 |
| CCC/Caa & below | 0.5 |
| Unrated | 0.8 |
| Investment grade | 82.0 |
| Below investment grade | 17.1 |
| Cash and cash equivalents includes short-term investments. | |
| 1 | As of June 30, 2024. |
| 2 | Includes the impact of callable bonds. Duration is a measure of the approximate sensitivity of a bond portfolio's value to interest rate changes. |
| 3 | Reflects the lowest yield that can be realized by either calling or putting on one of the available call/put dates, or holding a bond to maturity. Includes the underlying holdings in Capital Group Global High Income Opportunities (LUX). |
| 4 | Includes the Fund's direct portfolio holdings as well as the holdings through Capital Group Global High Income Opportunities (LUX). |
| 5 | May include a portion of investment-grade issues. |
| 6 |
Capital Group, at its discretion, currently waives some of its management fees or absorbs some expenses of certain Capital Group funds. Such waivers and absorptions may be terminated at any time, but can be expected to continue for certain portfolios until such time as such funds are of sufficient size to reasonably absorb all management fees and expenses incurred in their operations.
The management expense ratios for the portfolios are based on unaudited total expenses for the six-month period ended June 30, 2024 and are expressed as an annualized percentage of daily average net assets during the period. Actual MERs may vary. The following lists the management expense ratios for Capital Group World Bond Fund (Canada) before waivers or absorptions for the six-month period ended June 30, 2024: Series A, 1.19%; Series F, 0.68%; Series AH, 1.20%; Series FH, 0.72%; Series I, 0.14%; Series IH, 0.19%.
|
| 7 | Reflects the sum of income distributions over the trailing 12 months, divided by the sum of the previous month's ending NAV plus any capital gains distributed over the 12-month period. |
| 8 | Prior to May 27, 2024, the trade settlement cycle for Capital Group Funds (Canada) was trade date (T) + 2. |
| 9 | Reflects currency exposure at the portfolio level. Does not apply to hedged series. |
| Not available to U.S. residents. | |
| Updated on a monthly basis. | |
| Commissions, trailing commissions, management fees and expenses all may be associated with investments in investment funds. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Investment funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. For investment funds other than money market funds, their values change frequently. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. | |
Philip Chitty
Years at Capital: 20
Years in profession: 29
Based in London
Philip Chitty is a fixed income portfolio manager at Capital Group. As a fixed income investment analyst, he covers Western Europe and the U.K. He also serves on the Global Solutions Committee. Earlier in his career at Capital, Philip had macroeconomic responsibility for Europe and Japan. Prior to joining Capital, Philip was a senior European economist with ABN AMRO. Before that, he was an economist with HM Treasury. He holds a master’s degree in economics from Birkbeck College, University of London.
Andrew Cormack
Years at Capital: 5
Years in profession: 19
Based in London
Andrew A. Cormack is a fixed income portfolio manager at Capital Group. Prior to joining Capital, Andrew worked as a portfolio manager at Western Asset Management. He holds a first-class honours degree in actuarial science from the London School of Economics and Political Science. He also holds the Investment Management Certificate.
Tom Reithinger
Years at Capital: 10
Years in profession: 13
Based in London
Thomas Reithinger is a fixed income portfolio manager at Capital Group. As a fixed income investment analyst, he covers sovereign debt. Prior to joining Capital, Thomas worked as an analyst at Monashee Investment Management and as a research associate at Dix Hills Partners. He holds an MBA from Harvard Business School and double bachelor's degrees in business & management and computer engineering from Rensselaer Polytechnic Institute graduating summa cum laude.
| Capital Group funds and Capital International Asset Management (Canada), Inc., are part of Capital Group, a global investment management firm originating in Los Angeles, California in 1931. Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed-income investment professionals provide fixed-income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups. |
| Commissions, trailing commissions, management fees and expenses all may be associated with investments in investment funds. Please read the prospectus before investing. Investment funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. For investment funds other than money market funds, their values change frequently. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. |
Distributions
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Historical Prices & Distributions
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| Commissions, trailing commissions, management fees and expenses all may be associated with investments in investment funds. Please read the prospectus before investing. Investment funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. For investment funds other than money market funds, their values change frequently. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. |