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Fixed Income

CAPW Capital Group World Bond Select ETF™ (Canada)

A broadly diversified global bond strategy: Access interest rates and credit markets around the world while minimizing foreign currency exposure. Invests in a diverse range of mainly high-quality bonds for geographic diversification and additional sources of potential return.

    • Management Fee (%) tooltip: The management fee compensates the fund manager for its services. The fund manager provides all managerial, supervisory and administrative services required for the day-to-day operation of the fund.
      0.45
    • Effective Duration tooltip: Effective duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest rates change.
      6.3
      As of 11/30/2024
    • Morningstar Category tooltip: In an effort to classify funds by what they own, as well as by their prospectus objectives and styles, Morningstar developed Morningstar Categories. While the prospectus objective identifies a fund's investment goals based on the wording in the fund prospectus, the Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio and other statistics over the past three years).
      Global
      Fixed
      Income
    • Inception date
      10/22/2024
    • FUND ASSETS ($M)
      $70.2
      As of 12/19/2024
    • Benchmark
      Bloomberg Global Aggregate Bond Index (CAD hedged) tooltip: The Bloomberg Global Aggregate Bond Index represents the global investment-grade fixed income markets. The foreign currency exposure of the securities in the index is hedged to the Canadian dollar.

    Overview

    Key information

    Fund 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.
    Distinguishing Characteristics
    A research-intensive strategy, focused on investment-grade global bonds. The fund has the flexibility to seek returns from a variety of sources, including country, credit quality, sector and maturity. It selectively adds exposure to higher yielding bond markets for return diversification and additional income. It may be an ideal complement to Canadian bonds. Foreign currency exposure is hedged back to Canadian dollars to help minimize currency risk. However, there will be circumstances, from time to time, where the level of hedging does not fully cover the foreign currency exposure.
    Portfolio Restrictions
    The fund may invest up to 25% of its assets at time purchase in lower rated, higher yielding debt securities rated BB/Ba and below.

    Key facts

    Fund inception
    10/22/2024
    Fund assets (millions)
    $70.2
    As of 12/19/2024 (updated daily)
    Exchange
    TSX
    Companies/issuers
    376
    Holdings as of 11/30/2024 (updated monthly)
    mthDividendsPaid
    Income distributions paid
    Monthly
    Price at NAV
    $24.76
    As of 12/20/2024 (updated daily)
    Price at market price
    $24.79
    As of 12/20/2024 (updated daily)
    CUSIP
    14021X103
    Risk rating
    Low
    Registered plan available
    Yes

    Portfolio managers

    Portfolio managers as of 12/21/2024. Years of experience are as of the previous calendar year-end.
    Philip Chitty
    29 years of investment industry experience
    20 years with Capital Group
    Andrew Cormack
    19 years of investment industry experience
    5 years with Capital Group
    Tom Reithinger
    13 years of investment industry experience
    10 years with Capital Group

    Why our system?

    The Capital System™ is the driving force behind our history of long-term results. It leverages a multi-manager system to construct portfolios containing diverse, high-conviction ideas while promoting continuity and resilience.

    Returns

    returns

    Investment results2, 3

    Returns for this ETF will be shown after the first 12 months of its operation.

    Prices & distributions

    As of 12/20/2024
    • Price at nav ($)
      $24.76
    • Price change ($)
      $0.06
    • Price change (%)
      0.24%
    • Price at market price ($)
      $24.79
    • Price change ($)
      $0.07
    • Price change (%)
      0.28%
    Prices distributions table
    YTD income subtotal ($)0.071
    YTD cap gains subtotal ($)0.000
    YTD total distributions ($)0.071
    Find Historical Prices
    Find Historical Distributions

    Yield (%)

    Yields for this ETF will be shown after the first 12 months of its operation.

    Portfolio composition

    Key statistics

    % of net assets as of 11/30/2024 (updated monthly)
    Fixed income statistics
    CAPW INDEX
    BSNY_YTWSEC
    Average coupon (%) tooltip: The average coupon is the weighted average coupon rate of all the bond holdings.
    		3.82.9
    Effective duration (years) tooltip: Effective duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest rates change.
    		6.36.5
    Spread duration (years) tooltip: A measure of fixed income securities' sensitivity to spread movement.
    		3.13.4
    Option adjusted spread (bps) tooltip: Option-adjusted spread is a yield-spread calculation used to value securities with embedded options.
    		61.835.0
    Duration times spread (bps) tooltip: A measure of fixed income securities' spread exposure, taking into account both spread duration and credit spread exposure.
    		3.0244.0
    Index data refers to the Bloomberg Global Aggregate Bond Index (CAD hedged) tooltip: The Bloomberg Global Aggregate Bond Index represents the global investment-grade fixed income markets. The foreign currency exposure of the securities in the index is hedged to the Canadian dollar..

    Top fixed income issuers4

    As of 11/30/2024 (updated monthly)
    CAPW
    Index
    CAPWIndex
    U.S. Treasury11.8% 18.4%
    Federal Home Loan Mortgage8.1% 0.3%
    Government of Japan5.1% 9.3%
    Fannie Mae5.0% 0.1%
    UK Government4.4% 2.1%
    Federal Republic of Germany4.1% 2.3%
    Korea, Republic of3.9% 1.1%
    Federal Government of Brazil3.1% —
    Government of the Republic of Indonesia2.5% 0.4%
    UMBS2.4% 7.9%
    Index data refers to the Bloomberg Global Aggregate Bond Index (CAD hedged) tooltip: The Bloomberg Global Aggregate Bond Index represents the global investment-grade fixed income markets. The foreign currency exposure of the securities in the index is hedged to the Canadian dollar..

    Portfolio exposures4

    As of 11/30/2024 (updated monthly)
    Sector exposures
    Market value (%)
    CAPW (%)INDEX (%)
    Government31.945.6
    Credit22.626.5
    Securitized17.513.4
    Emerging markets20.614.3
    High yield1.20.0
    Other66.30.0
    Cash & equivalents5-0.2—
    Index data refers to the Bloomberg Global Aggregate Bond Index (CAD hedged) tooltip: The Bloomberg Global Aggregate Bond Index represents the global investment-grade fixed income markets. The foreign currency exposure of the securities in the index is hedged to the Canadian dollar..

    Fees & expenses

    Expenses (%)

    Management fee tooltip: The management fee compensates the fund manager for its services. The fund manager provides all managerial, supervisory and administrative services required for the day-to-day operation of the fund.
    		0.45
    rafgx
    Management expense ratio tooltip: This is the total of the fund's management fee, fixed-rate administration fee and fund costs. Please refer to the fund's prospectus for additional details.
    		—
    Trading expense ratio tooltip: These are the fund's trading costs.
    		—

    Resources

    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, their values change frequently, and past performance may not be repeated.
    Capital Group exchange-traded funds (ETFs) are actively managed and do not seek to replicate a specific index. ETF units are bought and sold through an exchange at the then current market price, not net asset value (NAV), and are not individually redeemed from the fund. Units may trade at a premium or discount to their NAV when traded on an exchange. Brokerage commissions will reduce returns. There can be no guarantee that an active market for ETFs will develop or be maintained, or that the ETF's listing will continue or remain unchanged.
    The ETFs are prospectus qualified in Canada and are not registered with the United States Securities and Exchange Commission and are not intended for distribution in the United States.
    There may have been periods when the results lagged the index and/or average. Indices are unmanaged and their results include reinvested distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or income taxes. Investors cannot invest directly in an index.
    Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg’s licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
    © 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from this information. Past performance is no guarantee of future results.
    All Capital Group trademarks are owned by The Capital Group Companies, Inc. or an affiliated company in Canada, the U.S. and other countries. All other company names mentioned are the property of their respective companies.
    Capital Group funds in Canada are offered by Capital International Asset Management (Canada), Inc., part of Capital Group, a global investment management firm originated in Los Angeles, California in 1931.
    The Capital Group funds offered on this website are available only to Canadian residents.
    The portfolio is actively managed; holdings will change.
    Totals may not reconcile due to rounding.
    1.
    YTD (year-to-date return): For the period from January 1 of the current year to the date shown or from inception date if first offered after January 1 of the current year.
    2.
    When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
    3.
    ETF market price returns since inception are calculated using NAV for the period until market price became available (generally a few days after inception).
    4.
    Includes the fund’s direct portfolio holdings as well as holdings through Capital Group Multi-Sector Income Select™ ETF (Canada).
    5.
    Cash includes short-term investments and other assets less liabilities.
    6.
    "Other" category may include equities, rights, warrants, convertibles, preferreds, interest rate swaps and credit default swap indices.
    7.
    "Other & derivatives" category may include equities, rights, warrants, convertibles, preferreds, interest rate swaps and credit default swap indices.