Capital Group Funds (Canada)
PRINT- Summary
- Portfolio managers
- Distributions
Investment Objective
Seeks to provide a high level of current income through investments primarily in a broad range of bonds and other debt securities. The fund’s secondary objective is capital appreciation.
Fund Description
Seeking a higher income outcome across sectors
Normally, the fund will invest across four primary fixed income sectors: high-yield corporate debt, investment-grade corporate debt, emerging markets debt and securitized debt.
Normally, the fund will invest across four primary fixed income sectors: high-yield corporate debt, investment-grade corporate debt, emerging markets debt and securitized debt.
Returns (%)
| 1 month | YTD | 1 year* | Lifetime* | Lifetime (cumulative) | |
| Series F | -1.28 | 5.41 | 15.03 | 7.08 | 17.36 |
| Series F4 | -1.37 | 5.28 | 14.85 | 7.10 | 17.41 |
*Annualized compound returns.
Portfolio information
| Fund assets ($mil) combined series | $254.3 | |
| Companies / issuers | 590 | |
| Portfolio turnover (2023) | 73% | |
| Trading expense ratio1 | 0.07% | |
| Effective duration (years)2 | 4.5 | |
| Yield to maturity | 6.52% | |
| Yield to worst 3 | 6.45% | |
Asset breakdown
| High yield corporates | 34.5% | |
| Investment-grade corporates | 29.2% | |
| Corporate not rated | 1.0% | |
| Emerging Markets | 13.9% | |
| Securitized4 | 19.3% | |
| Cash and cash equivalents & other assets less liabilities |
1.8% | |
| Other5 | 0.3% | |
| Total portfolio | 100.0% | |
Portfolio characteristics
| Series F | Series F4 | |
| FundSERV | CIF 524 | CIF 8524 |
| MER6 | 0.61% | 0.63% |
| Fund inception | Jun 30, 2022 | Jun 30, 2022 |
| Minimum initial investment | $500 | $5,000 |
| Trade settlement | T+17 | T+17 |
Portfolio managers
| Years with Capital / Years in profession | |
| Xavier Goss | 3 / 20 |
| Damien McCann | 24 / 24 |
| Kirstie Spence | 28 / 28 |
| Scott Sykes | 18 / 22 |
| Shannon Ward | 7 / 31 |
Top 10 issuers
| % of Portfolio | Yield % | |
| Mexico (United Mexican States) (Government) | 1.2 | 7.4 |
| PG&E | 1.2 | 5.8 |
| New Fortress Energy | 1.1 | 6.0 |
| Colombia, Republic of | 1.1 | 7.9 |
| Charter Communications | 1.0 | 7.0 |
| JPMorgan Chase | 0.9 | 5.1 |
| Morgan Stanley | 0.9 | 5.2 |
| Goldman Sachs | 0.8 | 5.2 |
| Amgen | 0.8 | 5.3 |
| Service Properties | 0.8 | 8.9 |
Quarterly holdings (PDF)
Country breakdown
| United States | 76.4% |
| Mexico | 1.9% |
| United Kingdom | 1.9% |
| Luxembourg | 1.7% |
| Canada | 1.4% |
Bond quality summary
| % of Bonds | |
| AAA/Aaa | 3.3 |
| AA/Aa | 6.5 |
| A | 17.3 |
| BBB/Baa | 21.1 |
| BB/Ba | 17.8 |
| B | 22.2 |
| CCC/Caa & below | 6.0 |
| Unrated | 4.1 |
| Cash and cash equivalents & other assets less liabilities |
1.8 |
| Investment grade | 48.2 |
| Below investment grade | 46.0 |
| Cash and cash equivalents includes short-term investments. | |
| 1 | The trading expense ratio for the Multi-Sector Income CAD series includes derivative transaction costs relating to the currency hedging. While these costs may fluctuate from time to time, it is anticipated to be no higher than 5 bps, or 0.05%. |
| 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. |
| 4 | Includes asset-backed securities, commercial mortgage-backed securities, covered, and mortgage-backed securities. |
| 5 | "Other" category may include equities, rights, warrants, convertibles, preferreds, interest rate swaps and credit default swap indices. |
| 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 Multi-Sector Income Fund (Canada) before waivers or absorptions for the six-month period ended : Series A, 1.19%; Series F, 0.61%; Series T4, 1.19%; Series F4, 0.63%; Series I, 0.12%.
|
| 7 | Prior to May 27, 2024, the trade settlement cycle for Capital Group Funds (Canada) was trade date (T) + 2. |
| 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. | |
Xavier Goss
Years at Capital: 3
Years in profession: 20
Based in Los Angeles
Xavier Goss is a portfolio manager at Capital Group. Prior to joining Capital, Xavier was a portfolio manager in the structured credit group at BlackRock. He holds a bachelor’s degree in economics from Harvard University. He also holds the Chartered Financial Analyst® designation.
Damien McCann
Years at Capital: 24
Years in profession: 24
Based in Los Angeles
Damien J. McCann is a fixed income portfolio manager at Capital Group. Earlier in his career at Capital, he was a fixed income investment analyst and covered energy, leisure and lodging, and rails. He holds a bachelor’s degree in business administration with an emphasis on finance from California State University, Northridge. He also holds the Chartered Financial Analyst® designation.
Kirstie Spence
Years at Capital: 28
Years in profession: 28
Based in London
Kirstie Spence is a fixed income portfolio manager at Capital Group. Earlier in her career at Capital, Kirstie was a fixed income investment analyst and her coverage included sovereign debt in emerging markets with a focus on Europe, the Middle East, Africa and Latin America, as well as European telecommunications as a credit analyst. Kirstie began her career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. She holds a master’s degree with honours in German and international relations from the University of St. Andrews, Scotland.
Scott Sykes
Years at Capital: 18
Years in profession: 22
Based in New York
Scott Sykes is a fixed income portfolio manager at Capital Group. Earlier in his career at Capital, he was an investment analyst covering investment-grade telecom and cable, high-yield shipping, metals and mining, as well as U.S. banks and exchanges. Prior to joining Capital, Scott was a financial analyst with Goldman Sachs & Co. He holds an MBA in finance from the Wharton School of the University of Pennsylvania, a master’s degree in international economics from the University of Essex, and a bachelor’s degree in both commerce and German from Washington and Lee University.
Shannon Ward
Years at Capital: 7
Years in profession: 31
Based in Los Angeles
Shannon Ward is a fixed income portfolio manager at Capital Group. She also serves on the Target Date Solutions Committee. Prior to joining Capital, Shannon worked as a portfolio manager at Oaktree Capital Management. She holds an MBA from the University of Southern California and a bachelor’s degree in psychology from University of California, Santa Barbara.
| 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
|
Historical Prices & Distributions
Select Dates
From:
To:
| 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. |