Capital Group Fixed Income ETF Trust

 

Semi-annual report
for the six months ended
June 30, 2023

 

 

 

Fixed income
for a variety of
investor goals

 

 

The funds within Capital Group Fixed Income ETF Trust seek to pursue a variety of objectives for investors and are offered by Capital Group, home of American Funds®. For over 90 years, Capital Group has invested with a long-term focus based on thorough research and attention to risk.

 

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. For current information and month-end results, refer to capitalgroup.com. Market price returns are determined using the official closing price of the fund’s shares and do not represent the returns you would receive if you traded shares at other times.

 

Here are the total returns on a $1,000 investment for periods ended June 30, 2023 (the most recent calendar quarter-end):

 

    Fund
inception date
  6 months   1 year   Since fund
inception
  Expense ratio*
Capital Group Core Plus Income ETF         2/22/22                                         0.34 %       
Net asset value             2.26 %         0.02 %             –5.64 %              
Market price             2.17       –0.24       –5.55          
Bloomberg U.S. Aggregate Index             2.09       –0.94       –5.78          
                                         
Capital Group Municipal Income ETF     10/25/22                               0.27  
Net asset value             2.72             7.77          
Market price             2.63             8.01          
85%/15% Bloomberg 1-15 Year Blend
(1-17 Year) Municipal Bond Index/Bloomberg
1-15 Year Blend (1-17 Year) High Yield Municipal Bond Index
            2.09             6.07          
                                         
Capital Group U.S. Multi-Sector Income ETF     10/25/22                               0.39  
Net asset value             4.14             7.92          
Market price             4.21             8.20          
Bloomberg U.S. Aggregate Index             2.09             5.76          
Bloomberg Custom Multi-Sector Composite Index             3.59             6.82          
                                         
Capital Group Short Duration Income ETF     10/25/22                               0.25  
Net asset value             1.15             2.90          
Market price             1.07             3.10          
Bloomberg U.S. Government/Credit (1-3 years) Index             1.13             2.19          

 

Capital Group exchange-traded funds (ETFs) are actively managed and do not seek to replicate a specific index. ETFs 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. Shares 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.

 

ETF market price returns since inception are calculated using NAV for the period until market price became available (generally a few days after inception).

 

Since inception returns are cumulative for ETFs with less than one year of history and average annual for ETFs with more than one year of history.

 

As nondiversified funds, Capital Group ETFs have the ability to invest a larger percentage of assets in securities of individual issuers than a diversified fund. As a result, a single issuer could adversely affect a fund’s results more than if the fund invested a smaller percentage of assets in securities of that issuer. Refer to the applicable prospectus for details.

 

* The total annual fund operating expense ratios were as of each fund’s prospectus dated March 1, 2023. The expense ratios are estimated.

 

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

 

Fellow investors:

 

Results for the funds included in the Capital Group Fixed Income ETF Trust for the period ended June 30, 2023, are shown in the inside front cover, as well as results of each fund’s benchmark.

 

For additional information about the funds, their investment results, holdings and portfolio managers, refer to https://www.capitalgroup.com/advisor/investments/exchange-traded-funds/returns and select the individual funds. You can also access information about Capital Group’s exchange-traded funds and read our insights about the markets, retirement, saving for college, investing fundamentals and more at capitalgroup.com.

 

Contents

 

2 Fund’s 30-day yields
   
3 Investment portfolio
   
56 Financial statements
   
59 Notes to financial statements
   
76 Financial highlights

 

Bloomberg U.S. Aggregate Index represents the U.S. investment-grade fixed-rate bond market. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.

 

Bloomberg 1-3 Year U.S. Government/Credit Index is a market-value weighted index that tracks the total return results of fixed-rate, publicly placed, dollar-denominated obligations issued by the U.S. Treasury, U.S. government agencies, quasi-federal corporations, corporate or foreign debt guaranteed by the U.S. government, and U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity and quality requirements, with maturities of one to three years. This index is unmanaged, and its results include reinvested distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.

 

Bloomberg Custom Multi-Sector Composite Index comprises 50% Bloomberg U.S. High Yield Index 2% Issuer Cap, 30% Bloomberg U.S. Corporate Investment Grade Index, 16% Bloomberg CMBS ex AAA Index, 4% Bloomberg ABS ex AAA Index and blends the respective indices by weighting their cumulative total returns according to the weights described. The blend is rebalanced monthly. Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index covers the universe of fixed-rate, non-investment-grade debt. The index limits the maximum exposure of any one issuer to 2%. Bloomberg U.S. Corporate Investment Grade Index represents the universe of investment-grade publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. Bloomberg CMBS ex AAA Index represents the universe of U.S. commercial mortgage-backed securities, excluding issuers with credit ratings of AAA, the highest credit quality rating. Bloomberg ABS ex AAA Index represents the universe of U.S. asset-backed securities, excluding issuers with credit ratings of AAA, the highest credit quality rating. The indexes are unmanaged, and results include reinvested distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.

 

85%/15% Bloomberg 1-15 Year Blend (1-17) Municipal Bond Index/Bloomberg 1-15 Year Blend (1-17) High Yield Municipal Bond Index blends the Bloomberg 1-15 Year Blend (1-17) Municipal Bond Index with the Bloomberg 1-15 Year Blend (1-17) High Yield Municipal Bond Index by weighting their cumulative total returns at 85% and 15%, respectively. The blend is rebalanced monthly. Bloomberg 1-15 Year Blend (1-17) Municipal Bond Index consists of a broad selection of investment-grade general obligation and revenue bonds of maturities ranging from one year to 17 years. Bloomberg 1-15 Year Blend (1-17) High Yield Municipal Bond Index consists of a broad selection of below-investment-grade general obligation and revenue bonds of maturities ranging from one year to 17 years. The indexes are unmanaged, and results include reinvested distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.

 

Capital Group Fixed Income ETF Trust 1
 

Funds’ 30-day yields

 

Below is a summary of each fund’s 30-day yield as of June 30, 2023. Each fund’s 30-day yield is calculated in accordance with the U.S. Securities and Exchange Commission (SEC) formula. The SEC yield reflects the rate at which each fund is earning income on its current portfolio of securities. Accordingly, the funds’ SEC yields may differ.

 

    Fund  
inception date
  30 day SEC yield
as of 6/30/22
Capital Group Core Plus Income ETF     2/22/22            5.27 %   
Capital Group Municipal Income ETF     10/25/22       3.54  
Capital Group U.S. Multi-Sector Income ETF     10/25/22       6.57  
Capital Group Short Duration Income ETF     10/25/22       5.01  

 

Past results are not predictive of results in future periods.

 

2 Capital Group Fixed Income ETF Trust
 
Capital Group Core Plus Income ETF unaudited
Investment portfolio June 30, 2023  
   
Portfolio by type of security Percent of net assets

 

 

Portfolio quality summary*   Percent of
net assets
U.S. Treasury and agency     12.03 %
AAA/Aaa     33.58  
AA/Aa     6.63  
A/A     11.54  
BBB/Baa     19.38  
Below investment grade     15.49  
Short-term securities & other assets less liabilities     1.35  
* Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies.
These securities are guaranteed by the full faith and credit of the U.S. government.
   
Bonds, notes & other debt instruments 98.65%   Principal amount
(000)
    Value
(000)
 
Mortgage-backed obligations 45.23%                
Federal agency mortgage-backed obligations 31.72%                
Fannie Mae Pool #FS0647 3.00% 2/1/20521   USD 4,156     $ 3,709  
Fannie Mae Pool #FS0893 3.00% 2/1/20521     837       738  
Fannie Mae Pool #FS1030 3.00% 3/1/20521     928       819  
Fannie Mae Pool #BV3117 3.00% 3/1/20521     761       672  
Fannie Mae Pool #BV2954 3.00% 3/1/20521     743       655  
Fannie Mae Pool #FS1405 3.00% 4/1/20521     793       699  
Fannie Mae Pool #BU8933 3.00% 4/1/20521     765       675  
Fannie Mae Pool #CB3361 3.00% 4/1/20521     746       658  
Fannie Mae Pool #CB3586 3.00% 5/1/20521     2,748       2,423  
Fannie Mae Pool #MA4919 5.50% 2/1/20531     1,673       1,666  
Fannie Mae Pool #MA5010 5.50% 5/1/20531     285       284  
Fannie Mae Pool #MA5072 5.50% 7/1/20531     2,142       2,133  
Freddie Mac Pool #QC3826 3.00% 7/1/20511     989       873  
Freddie Mac Pool #QD5662 3.00% 1/1/20521     989       873  
Freddie Mac Pool #QD7819 3.00% 2/1/20521     861       759  
Freddie Mac Pool #QD7918 3.00% 3/1/20521     871       769  
Freddie Mac Pool #QD8673 3.00% 3/1/20521     822       725  
Freddie Mac Pool #SD8206 3.00% 4/1/20521     917       808  
Freddie Mac Pool #SD1156 3.00% 4/1/20521     899       793  
Freddie Mac Pool #RA7130 3.00% 4/1/20521     849       749  
Freddie Mac Pool #QE5301 3.50% 5/1/20521     713       651  
Freddie Mac Pool #QE8663 3.50% 5/1/20521     561       511  
Freddie Mac Pool #SD8214 3.50% 5/1/20521     100       91  
Freddie Mac Pool #QE4383 4.00% 6/1/20521     793       747  
Freddie Mac Pool #SD8342 5.50% 6/1/20531     2,312       2,303  
Freddie Mac Pool #SD8331 5.50% 6/1/20531     4,124       4,107  
Government National Mortgage Assn. 3.50% 7/1/20531     2,735       2,525  
Government National Mortgage Assn. 3.50% 8/1/20531     2,700       2,495  
Uniform Mortgage-Backed Security 2.00% 7/1/20531,2     24,010       19,586  
Uniform Mortgage-Backed Security 2.50% 7/1/20531,2     21,270       18,040  
Uniform Mortgage-Backed Security 3.00% 7/1/20531,2     8,904       7,838  
   
Capital Group Fixed Income ETF Trust 3
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Mortgage-backed obligations (continued)                
Federal agency mortgage-backed obligations (continued)                
Uniform Mortgage-Backed Security 3.50% 7/1/20531,2   USD 26,955     $ 24,566  
Uniform Mortgage-Backed Security 4.00% 7/1/20531,2     32,291       30,307  
Uniform Mortgage-Backed Security 4.50% 7/1/20531,2     57,184       54,981  
Uniform Mortgage-Backed Security 5.00% 7/1/20531,2     41,062       40,238  
Uniform Mortgage-Backed Security 5.50% 7/1/20531,2     5,524       5,498  
Uniform Mortgage-Backed Security 6.00% 7/1/20531,2     10,730       10,826  
Uniform Mortgage-Backed Security 2.50% 8/1/20531,2     22,400       19,026  
Uniform Mortgage-Backed Security 3.00% 8/1/20531,2     10,460       9,221  
              275,037  
                 
Commercial mortgage-backed securities 10.93%                
3650R Commercial Mortgage Trust, Series 2022-PF2, Class B, 5.466% 11/15/20551     1,690       1,500  
Bank Commercial Mortgage Trust, Series 2023-5YR2, Class C, 7.403% 7/15/20281     2,288       2,136  
Bank Commercial Mortgage Trust, Series 2023-BNK45, Class B, 6.148% 2/15/20561     1,873       1,806  
Bank Commercial Mortgage Trust, Series 2023-BNK45, Class C, 6.489% 2/15/20561     512       444  
Bank Commercial Mortgage Trust, Series 2023-5YR1, Class AS, 6.41% 3/15/20561     3,787       3,801  
Bank Commercial Mortgage Trust, Series 2023-5YR1, Class B, 6.41% 3/15/20561     2,641       2,493  
Bank Commercial Mortgage Trust, Series 2019-BN19, Class B, 3.647% 8/15/20611     1,000       777  
Bank Commercial Mortgage Trust, Series 2019-BN24, Class B, 3.455% 11/15/20621     1,033       828  
Bank Commercial Mortgage Trust, Series 2022-BNK40, Class B, 3.507% 3/15/20641,3     273       209  
Bank Commercial Mortgage Trust, Series 2022-BNK40, Class AS, 3.507% 3/15/20641,3     250       204  
Barclays Commercial Mortgage Securities, LLC, Series 2022-C18, Class C, 6.347% 12/15/20551     1,355       1,189  
Barclays Commercial Mortgage Securities, LLC, Series 2023-C19, Class B, 6.546% 4/15/20561     948       923  
Barclays Commercial Mortgage Securities, LLC, Series 2023-C19, Class C, 6.598% 4/15/20561     1,253       1,136  
Barclays Commercial Mortgage Securities, LLC, Series 2023-C20, Class C, 6.828% 7/15/20561     1,882       1,756  
Benchmark Mortgage Trust, Series 2020-B21, Class AS, 2.2543% 12/17/20531     250       188  
Benchmark Mortgage Trust, Series 2022-B35, Class C, 4.593% 5/15/20551,3     2,005       1,468  
Benchmark Mortgage Trust, Series 2023-V2, Class B, 6.77% 5/15/20501     4,994       5,003  
Benchmark Mortgage Trust, Series 2023-V2, Class C, 6.77% 5/15/20551     3,464       3,260  
Benchmark Mortgage Trust, Series 2023-B38, Class B, 6.24% 4/15/20561     4,994       4,801  
Benchmark Mortgage Trust, Series 2023-B38, Class C, 6.24% 4/15/20561     2,996       2,604  
BMO Mortgage Trust, Series 2023-C5, Class B, 6.476% 6/15/20561     1,873       1,939  
BMO Mortgage Trust, Series 2023-C5, Class C, 6.627% 6/15/20561     998       949  
BMO Mortgage Trust, Series 2023-C4, Class B, 5.39647% 2/15/20561     711       651  
BOCA Commercial Mortgage Trust, Series 2022-BOCA, Class A, (1-month USD CME Term SOFR + 1.77%) 6.917% 5/15/20391,3,4     623       620  
BOCA Commercial Mortgage Trust, Series 2022-BOCA, Class B, (1-month USD CME Term SOFR + 2.319%) 7.466% 5/15/20391,3,4     317       314  
BX Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) 7.262% 6/15/20271,3,4     716       716  
BX Trust, Series 2021-SDMF, Class D, (1-month USD-LIBOR + 1.387%) 6.58% 9/15/20341,3,4     500       474  
BX Trust, Series 2021-VOLT, Class D, (1-month USD-LIBOR + 1.65%) 6.843% 9/15/20361,4     2,480       2,350  
BX Trust, Series 2021-VOLT, Class E, (1-month USD-LIBOR + 2.00%) 7.193% 9/15/20361,4     4,000       3,784  
BX Trust, Series 2021-ARIA, Class B, (1-month USD-LIBOR + 1.297%) 6.49% 10/15/20361,4     2,976       2,869  
BX Trust, Series 2022-IND, Class D, (1-month USD CME Term SOFR + 2.839%) 7.986% 4/15/20371,3,4     144       138  
BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 6.137% 2/15/20391,4     4,887       4,758  
BX Trust, Series 2022-PSB, Class A, (1-month USD CME Term SOFR + 2.451%) 7.598% 8/15/20391,3,4     686       685  
BX Trust, Series 2022-GPA, Class B, (1-month USD CME Term SOFR + 2.664%) 7.811% 10/15/20391,3,4     982       979  
BX Trust, Series 2022-GPA, Class C, (1-month USD CME Term SOFR + 3.213%) 8.36% 10/15/20391,3,4     622       620  
   
4 Capital Group Fixed Income ETF Trust
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Mortgage-backed obligations (continued)                
Commercial mortgage-backed securities (continued)                
BX Trust, Series 2022-GPA, Class D, (1-month USD CME Term SOFR + 4.061%) 9.208% 10/15/20391,3,4   USD 169     $ 168  
BX Trust, Series 2023-VLT2, Class C, (1-month USD CME Term SOFR + 4.176%) 9.323% 6/15/20401,4     2,500       2,500  
BX Trust, Series 2023-VLT2, Class D, (1-month USD CME Term SOFR + 4.774%) 9.833% 6/15/20401,4     6,000       5,975  
BX Trust, Series 2020-VIV2, Class C, 3.66% 3/9/20441,4     2,000       1,639  
BX Trust, Series 2020-VIV3, Class B, 3.662% 3/9/20441,4     989       834  
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class B, (1-month USD CME Term SOFR + 2.092%) 7.239% 3/15/20351,4     2,985       2,944  
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, (1-month USD CME Term SOFR + 3.188%) 8.335% 3/15/20351,3,4     249       245  
Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class D, 5.85% 6/10/20281,4     3,950       3,727  
Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class C, 5.85% 6/10/20281,4     1,225       1,182  
Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class C, 4.567% 2/10/20481,3     448       407  
Citigroup Commercial Mortgage Trust, Series 2020-GC46, Class B, 3.15% 2/15/20531     840       627  
Extended Stay America Trust, Series 2021-ESH, Class D, (1-month USD-LIBOR + 2.25%) 7.443% 7/15/20381,3,4     482       469  
FIVE Mortgage Trust, Series 2023-V1, Class B, 6.618% 2/10/20561     1,982       1,950  
FIVE Mortgage Trust, Series 2023-V1, Class C, 6.618% 2/10/20561     973       891  
Great Wolf Trust, Series 2019-WOLF, Class A, (1-month USD CME Term SOFR + 1.149%) 6.295% 12/15/20361,4,5     730       722  
ILPT Commercial Mortgage Trust, Series 2022-LPF2, Class B, (1-month USD CME Term SOFR + 2.744%) 7.891% 10/15/20391,3,4     409       406  
ILPT Commercial Mortgage Trust, Series 2022-LPF2, Class C, (1-month USD CME Term SOFR + 3.493%) 8.64% 10/15/20391,3,4     545       541  
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C20, Class B, 4.16% 2/15/20481     2,000       1,870  
Morgan Stanley Capital I Trust, Series 2019-L3, Class B, 3.78% 11/15/20521,3     750       602  
MSFW Commercial Mortgage Trust, Series 2023-1, Class B, 6.68% 5/15/20331     1,642       1,678  
MSFW Commercial Mortgage Trust, Series 2023-1, Class C, 6.68% 5/15/20331     1,698       1,572  
Multifamily Connecticut Avenue Securities, Series 2020-1, Class M10, (1-month USD-LIBOR + 3.75%) 8.90% 3/25/20501,4     3,000       2,883  
Multifamily Structured Credit Risk, Series 21-MN1, Class M2, (30-day Average USD-SOFR + 3.75%) 8.817% 1/25/20511,4     910       823  
Wells Fargo Commercial Mortgage Trust, Series 2015-LC22, Class C, 4.696% 9/15/20581,3     130       117  
WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) 7.936% 11/15/20271,4     1,646       1,648  
              94,792  
                 
Collateralized mortgage-backed obligations (privately originated) 2.58%                
Cascade Funding Mortgage Trust, Series 2023-HB12, Class M1, 4.25% 4/25/20331,4     1,425       1,275  
Connecticut Avenue Securities, Series 2023-R04, Class 1B1, (30-day Average USD-SOFR + 5.35%) 10.417% 5/25/20431,4     812       835  
Connecticut Avenue Securities Trust, Series 2022-R03, Class 1M1, (30-day Average USD-SOFR + 2.10%) 7.167% 3/25/20421,3,4     259       260  
Connecticut Avenue Securities Trust, Series 2023-R04, Class 1M2, (30-day Average USD-SOFR + 3.55%) 8.617% 5/25/20431,4     813       831  
Connecticut Avenue Securities Trust, Series 2023-R05, Class 1B1, (30-day Average USD-SOFR + 4.75%) 12.217% 6/25/20431,4     429       439  
DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class D, 5.91% 8/12/20431,4     3,984       3,334  
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2021-DNA6, Class M2, (30-day Average USD-SOFR + 1.50%) 6.567% 10/25/20411,3,4     793       774  
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA3, Class M1A, (30-day Average USD-SOFR + 2.00%) 7.067% 4/25/20421,3,4     479       480  
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA3, Class B1, (1-month USD-LIBOR + 5.10%) 10.25% 6/27/20501,3,4     7,991       8,607  
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class B2, (30-day Average USD-SOFR + 11.50%) 16.322% 10/25/20501,4     1,900       2,394  
   
Capital Group Fixed Income ETF Trust 5
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Mortgage-backed obligations (continued)                
Collateralized mortgage-backed obligations (privately originated) (continued)                
Legacy Mortgage Asset Trust, Series 2020-GS3, Class A1, 6.25% 5/25/20601,4,5   USD 590     $ 583  
Legacy Mortgage Asset Trust, Series 2022-GS1, Class A1, 4.00% 2/25/2061 (7.00% on 4/25/2025)1,4,5     1,727       1,660  
Progress Residential Trust, Series 2021-SFR4, Class F, 3.407% 5/17/20381,4     1,000       875  
              22,347  
                 
Total mortgage-backed obligations             392,176  
                 
Corporate bonds, notes & loans 32.11%                
Financials 6.89%                
AerCap Ireland Capital DAC 1.75% 1/30/2026     150       135  
AerCap Ireland Capital DAC 5.75% 6/6/2028     340       338  
AerCap Ireland Capital DAC 3.30% 1/30/2032     1,724       1,411  
AerCap Ireland Capital DAC 3.85% 10/29/2041     2,225       1,692  
AG Issuer, LLC 6.25% 3/1/20284     1,375       1,311  
AG TTMT Escrow Issuer, LLC 8.625% 9/30/20274     675       692  
Alliant Holdings Intermediate, LLC 4.25% 10/15/20274     17       15  
American Express Co. 5.043% 5/1/2034 (USD-SOFR + 1.835% on 5/1/2033)5     200       196  
American International Group, Inc. 5.125% 3/27/2033     540       528  
American International Group, Inc. 4.375% 6/30/2050     1,430       1,210  
Aon Corp. 5.35% 2/28/2033     443       447  
Aretec Escrow Issuer, Inc. 7.50% 4/1/20294     300       261  
Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)5     450       382  
Bank of America Corp. 4.948% 7/22/2028 (USD-SOFR + 2.04% on 7/22/2027)5     750       737  
Bank of America Corp. 2.972% 2/4/2033 (USD-SOFR + 1.33% on 2/4/2032)5     450       375  
Bank of America Corp. 5.015% 7/22/2033 (USD-SOFR + 2.16% on 7/22/2032)5     901       882  
Bank of America Corp. 5.288% 4/25/2034 (USD-SOFR + 1.91% on 4/25/2033)5     2,290       2,270  
Bank of Montreal 2.65% 3/8/2027     350       320  
BBVA Bancomer, SA 8.45% 6/29/20384,5     1,055       1,057  
Berkshire Hathaway Finance Corp. 3.85% 3/15/2052     400       331  
Block, Inc. 3.50% 6/1/2031     600       498  
BNP Paribas SA 2.591% 1/20/2028 (USD-SOFR + 1.228% on 1/20/2027)4,5     200       179  
CaixaBank, SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028)4,5     225       225  
Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033)5     1,450       1,440  
Charles Schwab Corp. 5.853% 5/19/2034 (USD-SOFR + 2.50% on 5/19/2033)5     1,067       1,084  
Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032)5     115       96  
Citigroup, Inc. 6.27% 11/17/2033 (USD-SOFR + 2.338% on 11/17/2032)5     1,140       1,211  
Citigroup, Inc. 6.174% 5/25/2034 (USD-SOFR + 2.661% on 5/25/2033)5     1,230       1,241  
CME Group, Inc. 2.65% 3/15/2032     150       128  
Coinbase Global, Inc. 3.625% 10/1/20314     350       207  
Compass Group Diversified Holdings, LLC 5.25% 4/15/20294     2,799       2,456  
Compass Group Diversified Holdings, LLC 5.00% 1/15/20324     375       304  
Corebridge Financial, Inc. 3.85% 4/5/2029     299       269  
Corebridge Financial, Inc. 3.90% 4/5/2032     741       645  
Corebridge Financial, Inc. 4.35% 4/5/2042     98       79  
Corebridge Financial, Inc. 4.40% 4/5/2052     2,097       1,652  
Danske Bank AS 4.298% 4/1/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 4/1/2027)4,5     600       561  
Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028)5     575       576  
Deutsche Bank AG 7.079% 2/10/2034 (USD-SOFR + 3.65% on 2/10/2033)5     300       278  
Discover Financial Services 6.70% 11/29/2032     64       66  
Goldman Sachs Group, Inc. 1.757% 1/24/2025 (USD-SOFR + 0.73% on 1/24/2024)5     40       39  
Goldman Sachs Group, Inc. 3.102% 2/24/2033 (USD-SOFR + 1.41% on 2/24/2032)5     480       406  
Goldman Sachs Group, Inc. 3.436% 2/24/2043 (USD-SOFR + 1.632% on 2/24/2042)5     1,950       1,485  
HSBC Holdings PLC 5.402% 8/11/2033 (USD-SOFR + 2.87% on 8/11/2032)5     1,125       1,100  
HSBC Holdings PLC 6.254% 3/9/2034 (USD-SOFR + 2.39% on 3/9/2033)5     1,500       1,538  
HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043)5     2,418       2,509  
HUB International, Ltd. 5.625% 12/1/20294     300       269  
HUB International, Ltd. 7.25% 6/15/20304     1,550       1,602  
ING Groep NV 4.017% 3/28/2028 (USD-SOFR + 1.83% on 3/28/2027)5     375       352  
ING Groep NV 4.252% 3/28/2033 (USD-SOFR + 2.07% on 3/28/2032)5     249       228  
Intercontinental Exchange, Inc. 4.35% 6/15/2029     500       490  
   
6 Capital Group Fixed Income ETF Trust
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Corporate bonds, notes & loans (continued)                
Financials (continued)                
Intercontinental Exchange, Inc. 4.60% 3/15/2033   USD 428     $ 416  
Intercontinental Exchange, Inc. 3.00% 6/15/2050     200       139  
Iron Mountain Information Management Services, Inc. 5.00% 7/15/20324     500       432  
JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027)5     338       334  
JPMorgan Chase & Co. 4.912% 7/25/2033 (USD-SOFR + 2.08% on 7/25/2032)5     1,934       1,891  
JPMorgan Chase & Co. 5.35% 6/1/2034 (USD-SOFR + 1.845% on 6/1/2033)5     875       882  
Kasikornbank PCL 3.343% 10/2/2031 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.70% on 10/2/2026)5     700       619  
KBC Groep NV 5.796% 1/19/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/19/2028)4,5     200       199  
Marsh & McLennan Companies, Inc. 2.375% 12/15/2031     100       82  
Mastercard, Inc. 4.85% 3/9/2033     65       66  
Metropolitan Life Global Funding I 5.15% 3/28/20334     487       482  
Morgan Stanley 4.21% 4/20/2028 (USD-SOFR + 1.61% on 4/20/2027)5     471       453  
Morgan Stanley 5.123% 2/1/2029 (USD-SOFR + 1.73% on 2/1/2028)5     325       321  
Morgan Stanley 5.164% 4/20/2029 (USD-SOFR + 1.59% on 4/20/2028)5     160       158  
Morgan Stanley 4.889% 7/20/2033 (USD-SOFR + 2.077% on 7/20/2032)5     225       217  
Morgan Stanley 6.342% 10/18/2033 (USD-SOFR + 2.565% on 10/18/2032)5     1,258       1,339  
Morgan Stanley 5.25% 4/21/2034 (USD-SOFR + 1.87% on 4/21/2033)5     1,450       1,432  
Nasdaq, Inc. 5.95% 8/15/2053     89       91  
Nasdaq, Inc. 6.10% 6/28/2063     141       144  
Navient Corp. 6.125% 3/25/2024     82       81  
Navient Corp. 5.50% 3/15/2029     500       427  
Navient Corp. 9.375% 7/25/2030     450       448  
Navient Corp. 5.625% 8/1/2033     1,998       1,505  
New York Life Global Funding 0.85% 1/15/20264     125       112  
New York Life Global Funding 4.55% 1/28/20334     378       364  
NFP Corp. 7.50% 10/1/20304     675       654  
PNC Financial Services Group, Inc. 5.068% 1/24/2034 (USD-SOFR + 1.933% on 1/24/2033)5     25       24  
Progressive Corp. 3.00% 3/15/2032     350       305  
State Street Corp. 4.821% 1/26/2034 (USD-SOFR + 1.567% on 1/26/2033)5     1,640       1,593  
State Street Corp. 5.159% 5/18/2034 (USD-SOFR + 1.89% on 5/18/2033)5     478       475  
The Charles Schwab Corp. 2.45% 3/3/2027     98       88  
Toronto-Dominion Bank 2.00% 9/10/2031     90       71  
Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033)5     280       280  
U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033)5     800       748  
U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033)5     547       551  
Wells Fargo & Company 3.908% 4/25/2026 (USD-SOFR + 1.32% on 4/25/2025)5     469       454  
Wells Fargo & Company 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027)5     1,050       1,027  
Wells Fargo & Company 3.35% 3/2/2033 (USD-SOFR + 1.50% on 3/2/2032)5     30       26  
Wells Fargo & Company 4.89% 7/25/2033 (USD-SOFR + 4.897% on 7/25/2032)5     520       499  
Wells Fargo & Company 5.389% 4/24/2034 (USD-SOFR + 2.02% on 4/24/2033)5     2,050       2,038  
Wells Fargo & Company 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052)5     541       475  
              59,745  
                 
Energy 5.13%                
Apache Corp. 5.25% 2/1/2042     500       394  
Apache Corp. 5.35% 7/1/2049     965       752  
Ascent Resources Utica Holdings, LLC 7.00% 11/1/20264     250       242  
BP Capital Markets America, Inc. 2.721% 1/12/2032     790       671  
Cheniere Energy Partners, LP 4.00% 3/1/2031     739       651  
Cheniere Energy Partners, LP 5.95% 6/30/20334     1,600       1,607  
Cheniere Energy, Inc. 4.625% 10/15/2028     175       164  
Chesapeake Energy Corp. 5.875% 2/1/20294     750       713  
Chesapeake Energy Corp. 6.75% 4/15/20294     761       756  
Chord Energy Corp. 6.375% 6/1/20264     710       705  
Civitas Resources, Inc. 8.375% 7/1/20284     850       861  
Civitas Resources, Inc. 8.75% 7/1/20314     775       787  
CNX Resources Corp. 7.25% 3/14/20274     275       272  
CNX Resources Corp. 7.375% 1/15/20314     185       180  
Comstock Resources, Inc. 5.875% 1/15/20304     1,407       1,223  
   
Capital Group Fixed Income ETF Trust 7
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Corporate bonds, notes & loans (continued)                
Energy (continued)                
ConocoPhillips Co. 3.80% 3/15/2052   USD 1,590     $ 1,290  
Crescent Energy Finance, LLC 9.25% 2/15/20284     183       178  
Crestwood Midstream Partners, LP 7.375% 2/1/20314     151       149  
Earthstone Energy Holdings, LLC 9.875% 7/15/20314     820       812  
Ecopetrol SA 4.625% 11/2/2031     10       8  
Ecopetrol SA 8.875% 1/13/2033     1,350       1,338  
Energy Transfer, LP 6.25% 4/15/2049     1,425       1,393  
EQM Midstream Partners, LP 6.00% 7/1/20254     430       426  
EQM Midstream Partners, LP 4.75% 1/15/20314     2,194       1,924  
EQT Corp. 3.90% 10/1/2027     75       69  
Exxon Mobil Corp. 2.61% 10/15/2030     400       351  
Exxon Mobil Corp. 3.452% 4/15/2051     1,030       801  
Genesis Energy, LP 8.00% 1/15/2027     1,375       1,342  
Harvest Midstream I, LP 7.50% 9/1/20284     75       74  
Hilcorp Energy I, LP 6.00% 4/15/20304     135       123  
Hilcorp Energy I, LP 6.25% 4/15/20324     725       647  
Kinder Morgan, Inc. 5.20% 6/1/2033     253       245  
Kinder Morgan, Inc. 3.60% 2/15/2051     1,875       1,302  
MPLX, LP 2.65% 8/15/2030     75       63  
MPLX, LP 4.95% 9/1/2032     881       842  
MPLX, LP 4.95% 3/14/2052     630       536  
MPLX, LP 5.65% 3/1/2053     1,671       1,564  
MV24 Capital BV 6.748% 6/1/2034     336       304  
New Fortress Energy, Inc. 6.50% 9/30/20264     1,880       1,684  
NGL Energy Operating, LLC 7.50% 2/1/20264     1,960       1,932  
Noble Finance II, LLC 8.00% 4/15/20304     150       153  
Northern Oil and Gas, Inc. 8.75% 6/15/20314     235       231  
Occidental Petroleum Corp. 6.125% 1/1/2031     415       422  
Occidental Petroleum Corp. 6.60% 3/15/2046     1,875       1,933  
ONEOK, Inc. 4.00% 7/13/2027     50       47  
ONEOK, Inc. 6.35% 1/15/2031     40       41  
ONEOK, Inc. 4.50% 3/15/2050     75       57  
ONEOK, Inc. 7.15% 1/15/2051     150       157  
Petrobras Global Finance BV 5.60% 1/3/2031     611       587  
Petroleos Mexicanos 6.49% 1/23/2027     1,275       1,134  
Petroleos Mexicanos 8.75% 6/2/2029     254       230  
Shell International Finance BV 2.75% 4/6/2030     75       67  
Shell International Finance BV 3.00% 11/26/2051     2,899       2,045  
Southwestern Energy Co. 4.75% 2/1/2032     2,281       2,014  
Sunoco, LP 4.50% 4/30/2030     150       131  
Transocean, Inc. 8.00% 2/1/20274     400       363  
Transocean, Inc. 8.75% 2/15/20304     554       563  
Transocean, Inc. 6.80% 3/15/2038     1,280       891  
Venture Global Calcasieu Pass, LLC 6.25% 1/15/20304     849       843  
Venture Global Calcasieu Pass, LLC 4.125% 8/15/20314     1,394       1,201  
Venture Global LNG, Inc. 8.125% 6/1/20284     750       763  
Venture Global LNG, Inc. 8.375% 6/1/20314     750       757  
Weatherford International, Ltd. 6.50% 9/15/20284     300       302  
Weatherford International, Ltd. 8.625% 4/30/20304     125       127  
Williams Companies, Inc. 2.60% 3/15/2031     55       46  
              44,480  
                 
Communication services 3.76%                
AT&T, Inc. 2.55% 12/1/2033     1,900       1,493  
AT&T, Inc. 3.50% 9/15/2053     2,911       2,063  
AT&T, Inc. 3.55% 9/15/2055     234       164  
CCO Holdings, LLC 4.75% 3/1/20304     450       385  
CCO Holdings, LLC 4.75% 2/1/20324     1,064       869  
CCO Holdings, LLC 4.50% 5/1/2032     300       240  
CCO Holdings, LLC 4.50% 6/1/20334     355       279  
CCO Holdings, LLC 4.25% 1/15/20344     4,090       3,095  
Charter Communications Operating, LLC 4.40% 4/1/2033     210       184  
   
8 Capital Group Fixed Income ETF Trust
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Corporate bonds, notes & loans (continued)                
Communication services (continued)                
Charter Communications Operating, LLC 3.70% 4/1/2051   USD 1,680     $ 1,063  
Charter Communications Operating, LLC 3.90% 6/1/2052     2,450       1,605  
Charter Communications Operating, LLC 5.25% 4/1/2053     1,425       1,152  
Comcast Corp. 1.50% 2/15/2031     110       88  
Comcast Corp. 2.887% 11/1/2051     525       352  
Comcast Corp. 5.35% 5/15/2053     1,290       1,311  
DISH Network Corp. 11.75% 11/15/20274     1,000       977  
Frontier Communications Holdings, LLC 5.00% 5/1/20284     711       614  
Gray Escrow II, Inc. 5.375% 11/15/20314     1,875       1,245  
Meta Platforms, Inc. 3.85% 8/15/2032     1,100       1,022  
Meta Platforms, Inc. 4.45% 8/15/2052     775       674  
Midas OpCo Holdings, LLC 5.625% 8/15/20294     100       86  
Netflix, Inc. 4.875% 4/15/2028     1,609       1,593  
Netflix, Inc. 5.875% 11/15/2028     150       155  
Netflix, Inc. 4.875% 6/15/20304     1,475       1,453  
News Corp. 3.875% 5/15/20294     619       544  
News Corp. 5.125% 2/15/20324     976       892  
Sirius XM Radio, Inc. 3.875% 9/1/20314     1,939       1,501  
Tencent Holdings, Ltd. 3.24% 6/3/20504     960       631  
T-Mobile USA, Inc. 5.05% 7/15/2033     471       463  
T-Mobile USA, Inc. 3.40% 10/15/2052     1,365       976  
Univision Communications, Inc. 4.50% 5/1/20294     2,250       1,936  
Univision Communications, Inc. 7.375% 6/30/20304     950       905  
Verizon Communications, Inc. 1.75% 1/20/2031     400       316  
Verizon Communications, Inc. 2.55% 3/21/2031     320       267  
Verizon Communications, Inc. 3.875% 3/1/2052     1,582       1,249  
VZ Secured Financing BV 5.00% 1/15/20324     200       161  
WarnerMedia Holdings, Inc. 5.141% 3/15/2052     772       629  
              32,632  
                 
Health care 3.56%                
Amgen, Inc. 4.05% 8/18/2029     625       593  
Amgen, Inc. 5.25% 3/2/2030     623       625  
Amgen, Inc. 4.20% 3/1/2033     715       668  
Amgen, Inc. 5.25% 3/2/2033     995       997  
Amgen, Inc. 4.875% 3/1/2053     275       253  
Amgen, Inc. 5.65% 3/2/2053     3,044       3,085  
Amgen, Inc. 5.75% 3/2/2063     650       660  
Bausch Health Companies, Inc. 6.125% 2/1/20274     75       48  
Bausch Health Companies, Inc. 5.25% 2/15/20314     110       46  
Baxter International, Inc. 2.539% 2/1/2032     572       464  
Baxter International, Inc. 3.132% 12/1/2051     2,481       1,639  
Centene Corp. 2.45% 7/15/2028     1,015       869  
Centene Corp. 2.625% 8/1/2031     1,755       1,401  
CHS / Community Health Systems, Inc. 5.25% 5/15/20304     75       59  
CVS Health Corp. 1.875% 2/28/2031     50       40  
CVS Health Corp. 5.25% 2/21/2033     710       708  
CVS Health Corp. 5.875% 6/1/2053     1,733       1,778  
CVS Health Corp. 6.00% 6/1/2063     356       367  
Elevance Health, Inc. 4.10% 5/15/2032     423       394  
Elevance Health, Inc. 4.75% 2/15/2033     261       254  
Elevance Health, Inc. 4.55% 5/15/2052     203       182  
GE HealthCare Technologies, Inc. 5.905% 11/22/2032     650       680  
GE HealthCare Technologies, Inc. 6.377% 11/22/2052     125       139  
HCA, Inc. 3.625% 3/15/20324     79       69  
Humana, Inc. 3.70% 3/23/2029     152       139  
Medline Borrower, LP 5.25% 10/1/20294     75       65  
Merck & Co., Inc. 1.70% 6/10/2027     50       45  
Molina Healthcare, Inc. 3.875% 11/15/20304     350       301  
Molina Healthcare, Inc. 3.875% 5/15/20324     2,665       2,238  
Owens & Minor, Inc. 6.25% 4/1/20304     2,365       2,148  
Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033     601       599  
   
Capital Group Fixed Income ETF Trust 9
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Corporate bonds, notes & loans (continued)                
Health care (continued)                
Pfizer Investment Enterprises Pte., Ltd. 5.11% 5/19/2043   USD 1,000     $ 1,003  
Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053     771       802  
Radiology Partners, Inc., Term Loan, (1-month USD CME Term SOFR + 4.25%) 9.467% 7/9/20253,6     40       30  
Roche Holdings, Inc. 2.076% 12/13/20314     200       165  
RP Escrow Issuer, LLC 5.25% 12/15/20254     290       214  
Tenet Healthcare Corp. 4.875% 1/1/2026     300       292  
Tenet Healthcare Corp. 6.125% 10/1/2028     150       144  
Tenet Healthcare Corp. 4.375% 1/15/2030     625       565  
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026     2,027       1,818  
Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028     167       165  
Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029     1,671       1,517  
Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029     700       722  
Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031     651       683  
UnitedHealth Group, Inc. 4.20% 5/15/2032     230       220  
UnitedHealth Group, Inc. 5.35% 2/15/2033     363       377  
UnitedHealth Group, Inc. 4.75% 5/15/2052     355       337  
UnitedHealth Group, Inc. 5.875% 2/15/2053     200       222  
              30,829  
                 
Consumer discretionary 2.51%                
Alibaba Group Holding, Ltd. 2.125% 2/9/2031     1,590       1,296  
Allied Universal Holdco, LLC 4.625% 6/1/20284     1,692       1,434  
Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/20294     241       245  
Amazon.com, Inc. 2.10% 5/12/2031     100       84  
Amazon.com, Inc. 3.60% 4/13/2032     600       560  
Amazon.com, Inc. 3.95% 4/13/2052     400       349  
Atlas LuxCo 4 SARL 4.625% 6/1/20284     300       253  
AutoNation, Inc. 3.85% 3/1/2032     300       255  
Carnival Corp. 5.75% 3/1/20274     250       230  
Carnival Corp. 6.00% 5/1/20294     250       223  
Daimler Trucks Finance North America, LLC 3.65% 4/7/20274     350       331  
Fertitta Entertainment, LLC 4.625% 1/15/20294     350       307  
Fertitta Entertainment, LLC 6.75% 1/15/20304     725       618  
Ford Motor Co. 3.25% 2/12/2032     340       268  
Ford Motor Credit Co., LLC 2.30% 2/10/2025     950       889  
Ford Motor Credit Co., LLC 5.125% 6/16/2025     837       815  
Ford Motor Credit Co., LLC 2.70% 8/10/2026     1,475       1,318  
Ford Motor Credit Co., LLC 4.95% 5/28/2027     965       911  
Ford Motor Credit Company, LLC 6.95% 6/10/2026     400       402  
Ford Motor Credit Company, LLC 7.20% 6/10/2030     700       707  
General Motors Financial Co., Inc. 2.35% 2/26/2027     75       67  
Hanesbrands, Inc. 9.00% 2/15/20314     1,044       1,053  
Hanesbrands, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 8.852% 3/8/20303,6     256       257  
Home Depot, Inc. 1.375% 3/15/2031     125       99  
Hyundai Capital America 1.65% 9/17/20264     100       88  
International Game Technology PLC 5.25% 1/15/20294     650       616  
LCM Investments Holdings II, LLC 4.875% 5/1/20294     824       706  
Macy’s Retail Holdings, LLC 5.875% 3/15/20304     50       45  
Marriott Ownership Resorts, Inc. 4.50% 6/15/20294     773       668  
Party City Holdings, Inc. 8.75% 2/15/20264     461       71  
Party City Holdings, Inc., Term Loan DIP, 14.582% 7/19/20233,6     80       83  
RHP Hotel Properties, LP 7.25% 7/15/20284     317       321  
Royal Caribbean Cruises, Ltd. 5.375% 7/15/20274     450       421  
Royal Caribbean Cruises, Ltd. 3.70% 3/15/2028     1,450       1,262  
Royal Caribbean Cruises, Ltd. 5.50% 4/1/20284     706       659  
Royal Caribbean Cruises, Ltd. 8.25% 1/15/20294     800       841  
Scientific Games Holdings, LP 6.625% 3/1/20304     975       859  
   
10 Capital Group Fixed Income ETF Trust
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Corporate bonds, notes & loans (continued)                
Consumer discretionary (continued)                
Sonic Automotive, Inc. 4.625% 11/15/20294   USD 75     $ 63  
Sonic Automotive, Inc. 4.875% 11/15/20314     2,122       1,744  
Wynn Resorts Finance, LLC 7.125% 2/15/20314     314       312  
              21,730  
                 
Utilities 2.36%                
AES Panama Generation Holdings SRL 4.375% 5/31/20304     198       169  
Alabama Power Co. 3.94% 9/1/2032     525       485  
Consumers Energy Co. 3.60% 8/15/2032     315       284  
Consumers Energy Co. 4.625% 5/15/2033     625       609  
Consumers Energy Co. 3.10% 8/15/2050     255       181  
Consumers Energy Co. 3.50% 8/1/2051     80       61  
Consumers Energy Co. 2.65% 8/15/2052     402       258  
Edison International 6.95% 11/15/2029     150       158  
Electricité de France SA 6.25% 5/23/20334     200       203  
Electricité de France SA 6.90% 5/23/20534     1,600       1,660  
Electricité de France SA 9.125% 12/31/2079 (5-year UST Yield Curve Rate T Note Constant Maturity + 5.411% on 6/15/2033)4,5     800       822  
Entergy Louisiana, LLC 4.75% 9/15/2052     200       184  
FirstEnergy Corp. 2.65% 3/1/2030     1,065       899  
Florida Power & Light Company 2.875% 12/4/2051     150       104  
Florida Power & Light Company 5.30% 4/1/2053     360       373  
MidAmerican Energy Co. 2.70% 8/1/2052     50       32  
NiSource, Inc. 5.40% 6/30/2033     850       851  
Northern States Power Co. 2.60% 6/1/2051     50       32  
Northern States Power Co. 5.10% 5/15/2053     62       61  
Oncor Electric Delivery Co., LLC 4.55% 9/15/2032     625       607  
Oncor Electric Delivery Co., LLC 2.70% 11/15/2051     175       114  
Pacific Gas and Electric Co. 3.15% 1/1/2026     40       37  
Pacific Gas and Electric Co. 4.65% 8/1/2028     200       185  
Pacific Gas and Electric Co. 4.55% 7/1/2030     755       684  
Pacific Gas and Electric Co. 3.25% 6/1/2031     200       163  
Pacific Gas and Electric Co. 6.40% 6/15/2033     1,600       1,592  
Pacific Gas and Electric Co. 3.50% 8/1/2050     5,735       3,656  
Pacific Gas and Electric Co. 6.75% 1/15/2053     600       593  
PG&E Corp. 5.25% 7/1/2030     856       768  
Public Service Company of Colorado 2.70% 1/15/2051     272       173  
Southern California Edison Co. 2.75% 2/1/2032     864       723  
Southern California Edison Co. 2.95% 2/1/2051     530       348  
Southern California Edison Co. 3.45% 2/1/2052     2,365       1,696  
Talen Energy Supply, LLC 8.625% 6/1/20304     1,185       1,228  
Union Electric Co. 3.90% 4/1/2052     275       225  
WEC Energy Group, Inc. 5.15% 10/1/2027     175       175  
Xcel Energy, Inc. 4.60% 6/1/2032     75       71  
              20,464  
                 
Industrials 2.01%                
Boeing Co. 2.75% 2/1/2026     115       107  
Boeing Co. 3.625% 2/1/2031     1,992       1,795  
Boeing Co. 3.60% 5/1/2034     2,345       1,997  
Boeing Co. 5.805% 5/1/2050     2,385       2,378  
Bombardier, Inc. 7.125% 6/15/20264     249       248  
Bombardier, Inc. 7.875% 4/15/20274     1,395       1,393  
Canadian Pacific Railway Co. 3.10% 12/2/2051     2,570       1,827  
Carrier Global Corp. 2.722% 2/15/2030     100       86  
Clean Harbors, Inc. 6.375% 2/1/20314     73       73  
CoreLogic, Inc. 4.50% 5/1/20284     300       242  
Icahn Enterprises, LP 4.75% 9/15/2024     100       96  
Lockheed Martin Corp. 5.70% 11/15/2054     212       236  
Mileage Plus Holdings, LLC 6.50% 6/20/20274     48       48  
Norfolk Southern Corp. 4.45% 3/1/2033     78       75  
Raytheon Technologies Corp. 2.375% 3/15/2032     80       66  
   
Capital Group Fixed Income ETF Trust 11
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Corporate bonds, notes & loans (continued)                
Industrials (continued)                
Raytheon Technologies Corp. 2.82% 9/1/2051   USD 925     $ 622  
Raytheon Technologies Corp. 5.375% 2/27/2053     436       453  
Regal Rexnord Corp. 6.30% 2/15/20304     975       973  
Regal Rexnord Corp. 6.40% 4/15/20334     800       800  
Ritchie Bros. Holdings, Inc. 6.75% 3/15/20284     244       246  
Ritchie Bros. Holdings, Inc. 7.75% 3/15/20314     280       291  
Sabre GLBL, Inc. 11.25% 12/15/20274     127       108  
Spirit AeroSystems, Inc. 9.375% 11/30/20294     683       732  
TransDigm, Inc. 4.625% 1/15/2029     400       356  
Triumph Group, Inc. 9.00% 3/15/20284     392       401  
Union Pacific Corp. 2.80% 2/14/2032     350       302  
Union Pacific Corp. 2.95% 3/10/2052     1,335       928  
Union Pacific Corp. 4.95% 5/15/2053     425       423  
United Airlines, Inc. 4.625% 4/15/20294     100       91  
              17,393  
                 
Materials 1.92%                
Anglo American Capital PLC 2.25% 3/17/20284     200       172  
Anglo American Capital PLC 4.75% 3/16/20524     200       166  
Ball Corp. 6.875% 3/15/2028     890       909  
BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033     456       454  
Braskem Idesa SAPI 6.99% 2/20/2032     200       130  
Braskem Netherlands Finance BV 7.25% 2/13/2033     1,145       1,126  
Braskem Netherlands Finance BV 7.25% 2/13/20334     475       467  
Celanese US Holdings, LLC 6.379% 7/15/2032     425       429  
Cleveland-Cliffs, Inc. 4.875% 3/1/20314     300       264  
Dow Chemical Co. (The) 3.60% 11/15/2050     40       30  
EIDP, Inc. 4.80% 5/15/2033     595       583  
First Quantum Minerals, Ltd. 6.875% 10/15/20274     2,700       2,638  
FXI Holdings, Inc. 12.25% 11/15/20264     1,750       1,588  
International Flavors & Fragrances, Inc. 2.30% 11/1/20304     230       182  
International Flavors & Fragrances, Inc. 3.468% 12/1/20504     2,285       1,529  
LABL, Inc. 5.875% 11/1/20284     75       68  
LABL, Inc. 9.50% 11/1/20284     328       334  
LSB Industries, Inc. 6.25% 10/15/20284     248       222  
Mauser Packaging Solutions Holding Co. 7.875% 8/15/20264     696       692  
Nova Chemicals Corp. 4.25% 5/15/20294     1,360       1,111  
Nutrien, Ltd. 5.80% 3/27/2053     325       326  
OCI NV 6.70% 3/16/20334     699       684  
Olympus Water US Holding Corp. 9.75% 11/15/20284     750       732  
Sasol Financing USA, LLC 8.75% 5/3/20294     765       746  
SCIH Salt Holdings, Inc. 4.875% 5/1/20284     742       664  
Sealed Air Corp. 6.125% 2/1/20284     247       246  
South32 Treasury, Ltd. 4.35% 4/14/20324     209       184  
              16,676  
                 
Consumer staples 1.47%                
7-Eleven, Inc. 1.80% 2/10/20314     975       772  
7-Eleven, Inc. 2.80% 2/10/20514     1,869       1,186  
Altria Group, Inc. 3.70% 2/4/2051     1,870       1,254  
Anheuser-Busch InBev Worldwide, Inc. 4.50% 6/1/2050     1,495       1,381  
B&G Foods, Inc. 5.25% 9/15/2027     400       348  
BAT Capital Corp. 2.259% 3/25/2028     100       86  
BAT Capital Corp. 4.742% 3/16/2032     250       228  
BAT Capital Corp. 4.758% 9/6/2049     1,351       1,021  
BAT Capital Corp. 3.984% 9/25/2050     1,254       846  
BAT Capital Corp. 5.65% 3/16/2052     929       808  
Constellation Brands, Inc. 4.35% 5/9/2027     326       318  
Constellation Brands, Inc. 4.75% 5/9/2032     557       541  
Constellation Brands, Inc. 4.90% 5/1/2033     636       625  
Keurig Dr Pepper, Inc. 3.20% 5/1/2030     40       36  
Kronos Acquisition Holdings, Inc. 5.00% 12/31/20264     250       229  
   
12 Capital Group Fixed Income ETF Trust
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Corporate bonds, notes & loans (continued)                
Consumer staples (continued)                
PepsiCo, Inc. 1.95% 10/21/2031   USD 50     $ 41  
Philip Morris International, Inc. 5.625% 11/17/2029     335       342  
Philip Morris International, Inc. 5.75% 11/7/2032     850       871  
Post Holdings, Inc. 4.625% 4/15/20304     450       395  
Target Corp. 4.80% 1/15/2053     1,460       1,399  
              12,727  
                 
Real estate 1.31%                
Boston Properties, LP 2.45% 10/1/2033     300       216  
Boston Properties, LP 6.50% 1/15/2034     1,576       1,587  
Crown Castle, Inc. 5.00% 1/11/2028     178       175  
Equinix, Inc. 2.15% 7/15/2030     350       283  
Equinix, Inc. 2.50% 5/15/2031     400       326  
Equinix, Inc. 3.40% 2/15/2052     700       490  
Howard Hughes Corp. 4.375% 2/1/20314     775       619  
Iron Mountain, Inc. 4.50% 2/15/20314     900       774  
Kennedy-Wilson, Inc. 4.75% 3/1/2029     1,325       1,049  
Kennedy-Wilson, Inc. 4.75% 2/1/2030     1,235       933  
Kennedy-Wilson, Inc. 5.00% 3/1/2031     1,350       1,012  
Prologis, LP 5.125% 1/15/2034     900       894  
Service Properties Trust 4.75% 10/1/2026     1,150       1,000  
Sun Communities Operating, LP 2.70% 7/15/2031     40       32  
Sun Communities Operating, LP 4.20% 4/15/2032     649       568  
VICI Properties, LP 3.875% 2/15/20294     75       66  
VICI Properties, LP 4.125% 8/15/20304     250       220  
VICI Properties, LP 5.125% 5/15/2032     1,230       1,152  
              11,396  
                 
Information technology 1.19%                
Analog Devices, Inc. 1.70% 10/1/2028     25       22  
Analog Devices, Inc. 2.95% 10/1/2051     953       674  
Apple, Inc. 2.70% 8/5/2051     610       425  
Apple, Inc. 4.85% 5/10/2053     1,007       1,033  
Broadcom, Inc. 3.469% 4/15/20344     69       57  
Broadcom, Inc. 3.187% 11/15/20364     450       340  
Broadcom, Inc. 4.926% 5/15/20374     1,301       1,178  
Cloud Software Group, Inc. 9.00% 9/30/20294     800       700  
CommScope, Inc. 4.75% 9/1/20294     400       316  
Entegris Escrow Corp. 4.75% 4/15/20294     445       414  
Intel Corp. 5.20% 2/10/2033     203       205  
Intel Corp. 5.70% 2/10/2053     609       620  
Oracle Corp. 3.60% 4/1/2050     764       546  
Salesforce, Inc. 2.90% 7/15/2051     1,810       1,274  
SK hynix, Inc. 6.375% 1/17/20284     200       201  
SK hynix, Inc. 6.50% 1/17/2033     890       899  
SK hynix, Inc. 6.50% 1/17/20334     210       212  
Tibco Software, Inc., Term Loan A, (3-month USD CME Term SOFR + 4.50%) 9.842% 9/29/20283,6     499       467  
Wolfspeed, Inc. 9.875% 6/23/2030 (10.875% on 6/23/2026)5,7,8     800       768  
              10,351  
                 
Total corporate bonds, notes & loans             278,423  
                 
U.S. Treasury bonds & notes 12.03%                
U.S. Treasury 10.04%                
U.S. Treasury 4.25% 5/31/2025     23,250       22,957  
U.S. Treasury 4.625% 6/30/2025     1,250       1,245  
U.S. Treasury 3.875% 2/15/2026     9,000       8,863  
U.S. Treasury 4.125% 9/30/2027     3,375       3,356  
U.S. Treasury 4.125% 10/31/2027     5,690       5,659  
U.S. Treasury 3.625% 5/31/2028     14,464       14,146  
U.S. Treasury 3.875% 6/30/2028     1,250       1,244  
U.S. Treasury 2.75% 8/15/20329     6,138       5,624  
   
Capital Group Fixed Income ETF Trust 13
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
U.S. Treasury bonds & notes (continued)                
U.S. Treasury (continued)                
U.S. Treasury 4.125% 11/5/2032   USD 2,000     $ 2,044  
U.S. Treasury 3.375% 5/15/2033     6,530       6,307  
U.S. Treasury 4.00% 11/15/20429     6,230       6,188  
U.S. Treasury 3.75% 5/15/20439     6,312       6,176  
U.S. Treasury 3.625% 2/15/20539     3,434       3,292  
              87,101  
                 
U.S. Treasury inflation-protected securities 1.99%                
U.S. Treasury Inflation-Protected Security 1.625% 10/15/202710     17,509       17,252  
                 
Total U.S. Treasury bonds & notes             104,353  
                 
Asset-backed obligations 7.35%                
ACHV ABS Trust, Series 2023-2PL, Class B, 6.88% 5/20/20301,4     318       316  
AGL CLO, Ltd., Series 2022-18A, Class B, (3-month USD CME Term SOFR + 2.00%) 7.056% 4/21/20311,3,4     1,500       1,478  
ALM Loan Funding, Series 2020-1A, Class A2, (3-month USD-LIBOR + 1.85%) 7.11% 10/15/20291,3,4     500       496  
American Credit Acceptance Receivables Trust, Series 2022-3, Class C, 4.86% 10/13/20281,4     701       686  
Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class B, 7.09% 4/20/20271,4     2,394       2,424  
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class C, 6.85% 4/20/20281,4     3,333       3,301  
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4A, Class B, 6.32% 6/20/20291,4     2,369       2,341  
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4A, Class C, 7.24% 6/20/20291,4     890       877  
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class C, 7.03% 12/20/20291,4     4,000       3,983  
Brex Commercial Charge Card Master Trust, Series 2022-1, Class A, 4.63% 7/15/20251,4     1,000       974  
CF Hippolyta, LLC, Series 2020-1, Class B1, 2.28% 7/15/20601,4     486       434  
CFG Investments, Ltd., Series 2021-1, Class B, 5.82% 5/20/20321,4     750       720  
CPS Auto Receivables Trust, Series 2022-B, Class A, 2.88% 6/15/20261,4     271       268  
CPS Auto Receivables Trust, Series 2022-B, Class D, 5.19% 8/15/20281,4     1,250       1,203  
Credit Acceptance Auto Loan Trust, Series 2022-1A, Class C, 5.70% 10/15/20321,4     1,000       963  
Credit Acceptance Auto Loan Trust, Series 2022-1A, Class D, 6.63% 12/15/20321,4     1,000       963  
Exeter Automobile Receivables Trust, Series 2022-2A, Class A3, 2.80% 11/17/20251     130       130  
Exeter Automobile Receivables Trust, Series 2022-2A, Class D, 4.56% 7/17/20281     26       25  
Exeter Automobile Receivables Trust, Series 2023-2, Class E, 9.75% 11/15/20301,4     848       841  
Exeter Automobile Receivables Trust, Series 2023-3, Class E, 9.98% 1/15/20311,4     1,022       1,027  
Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class D, 6.62% 5/15/20281,4     2,335       2,296  
Hertz Vehicle Financing III, LLC, Series 2023-1, Class C, 6.91% 6/25/20271,4     2,200       2,169  
Hertz Vehicle Financing III, LLC, Series 2022-2A, Class C, 2.95% 6/26/20281,4     300       258  
Hertz Vehicle Financing III, LLC, Series 2023-2, Class C, 7.13% 9/25/20291,4     2,167       2,156  
LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/20271,4     1,368       1,361  
Mission Lane Credit Card Master Trust, Series 2022-B, Class B, 10.42% 1/15/20281,7,8     465       470  
Mission Lane Credit Card Master Trust, Series 2022-B, Class D, 14.45% 1/15/20281,7,8     3,500       3,556  
Mission Lane Credit Card Master Trust, Series 2023-A, Class B, 8.15% 7/17/20281,4     2,459       2,439  
Mission Lane Credit Card Master Trust, Series 2023-A, Class C, 10.03% 7/17/20281,4     5,600       5,562  
Prestige Auto Receivables Trust, Series 2023-1, Class D, 6.33% 4/16/20291,4     1,912       1,883  
Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class A, 5.38% 11/25/20301,4     957       937  
Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class B, 6.58% 11/25/20301,4     337       320  
Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/20311     796       811  
SMB Private Education Loan Trust, Series 2021-A, Class D1, 3.86% 1/15/20531,4     3,678       3,350  
SMB Private Education Loan Trust, Series 2021-A, Class D2, 3.86% 1/15/20531,4     1,872       1,705  
SMB Private Education Loan Trust, Series 2023-A, Class B, 5.88% 1/15/20531,4     2,490       2,446  
SMB Private Education Loan Trust, Series 2022-A, Class D, 4.75% 11/16/20541,4     208       189  
   
14 Capital Group Fixed Income ETF Trust
 

Capital Group Core Plus Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Asset-backed obligations (continued)                
SMB Private Education Loan Trust, Series 2023-B, Class D, 7.56% 10/16/20561,4   USD 5,000     $ 4,879  
SMB Private Education Loan Trust, Series 2022-D, Class D, 7.23% 10/15/20581,4     2,000       1,972  
Westlake Automobile Receivables Trust, Series 2022-2A, Class D, 5.48% 9/15/20271,4     1,562       1,519  
              63,728  
                 
Bonds & notes of governments & government agencies outside the U.S. 1.75%          
Abu Dhabi (Emirate of) 1.70% 3/2/20314     300       250  
Angola (Republic of) 8.75% 4/14/20324     800       675  
Argentine Republic 0.50% 7/9/2030 (0.75% on 7/9/2023)5     1,100       368  
Chile (Republic of) 2.45% 1/31/2031     400       346  
Chile (Republic of) 4.34% 3/7/2042     200       178  
Colombia (Republic of) 8.00% 4/20/2033     280       285  
Colombia (Republic of) 7.50% 2/2/2034     1,885       1,848  
Dominican Republic 4.50% 1/30/20304     500       439  
Dominican Republic 7.05% 2/3/20314     630       629  
Dominican Republic 5.875% 1/30/2060     400       311  
Egypt (Arab Republic of) 8.75% 9/30/2051     2,239       1,214  
Export-Import Bank of India 2.25% 1/13/20314     250       202  
Honduras (Republic of) 5.625% 6/24/2030     860       698  
Mongolia (State of) 4.45% 7/7/2031     500       389  
Oman (Sultanate of) 7.00% 1/25/20514     500       496  
Panama (Republic of) 2.252% 9/29/2032     1,200       920  
Panama (Republic of) 6.853% 3/28/2054     1,550       1,616  
Senegal (Republic of) 6.75% 3/13/2048     1,600       1,150  
South Africa (Republic of) 5.875% 4/20/2032     1,003       891  
United Mexican States 4.50% 4/22/2029     450       437  
United Mexican States 4.875% 5/19/2033     820       784  
United Mexican States 6.338% 5/4/2053     985       1,006  
              15,132  
                 
Municipals 0.18%                
Texas 0.18%                
Brazoria County Industrial Dev. Corp., Solid Waste Disposal Facs. Rev. Bonds (Aleon Renewable Metals, LLC Project), Series 2023, AMT, 10.00% 6/1/20424     1,575       1,577  
                 
Total bonds, notes & other debt instruments (cost: $863,610,000)             855,389  
                 
Short-term securities 28.95%     Shares          
Money market investments 28.95%                
Capital Group Central Cash Fund 5.15%11,12     2,509,810       251,006  
                 
Total short-term securities (cost: $250,966,000)             251,006  
Total investment securities 127.60% (cost: $1,114,576,000)             1,106,395  
Other assets less liabilities (27.60)%             (239,318 )
                 
Net assets 100.00%           $ 867,077  

 

Futures contracts

 

Contracts   Type   Number of
contracts
  Expiration   Notional
amount
(000)
    Value and
unrealized
(depreciation)
appreciation
at 6/30/2023
(000)
 
2 Year U.S. Treasury Note Futures   Long   2,145   September 2023     USD436,172              $ (5,439 )
5 Year U.S. Treasury Note Futures   Long   832   September 2023     89,102       (1,366 )
10 Year U.S. Treasury Note Futures   Long   433   September 2023     48,611       (737 )
   
Capital Group Fixed Income ETF Trust 15
 

Capital Group Core Plus Income ETF (continued)

 

Futures contracts (continued)

 

Contracts   Type   Number of
contracts
  Expiration   Notional
amount
(000)
  Value and
unrealized
(depreciation)
appreciation
at 6/30/2023
(000)
 
10 Year Ultra U.S. Treasury Note Futures   Short   771   September 2023     (91,315 )            $ 960  
30 Year U.S. Treasury Bond Futures   Long   72   September 2023     9,137       25  
30 Year Ultra U.S. Treasury Bond Futures   Long   21   September 2023     2,861       10  
                        $ (6,547 )

 

Swap contracts

 

Interest rate swaps

 

Centrally cleared interest rate swaps

 

Receive   Pay       Notional     Value at     Upfront
premium
    Unrealized
appreciation
(depreciation)
 
Rate   Payment
frequency
  Rate   Payment
frequency
  Expiration
date
  amount
(000)
    6/30/2023
(000)
    paid
(000)
    at 6/30/2023
(000)
 
SOFR   Annual   2.121%   Annual   3/28/2024   USD 5,700     $ 137     $     $ 137  
4.105%   Annual   SOFR   Annual   4/18/2025     175,000       (2,438 )           (2,438 )
SOFR   Annual   3.3885%   Annual   4/18/2028     35,000       836             836  
SOFR   Annual   3.1585   Annual   1/18/2033     43,000       1,423             1,423  
SOFR   Annual   3.2205   Annual   4/18/2033     58,000       1,628             1,628  
                            $ 1,586     $     $ 1,586  

 

Bilateral interest rate swaps

 

Receive   Pay           Notional     Value at     Upfront
premium
    Unrealized
appreciation
 
Rate   Payment
frequency
  Rate   Payment
frequency
  Counterparty   Expiration
date
  amount
(000)
    6/30/2023
(000)
    paid
(000)
    at 6/30/2023
(000)
 
12.54%   At maturity   BZDIOVER   At maturity   Barclays Bank PLC   1/2/2026   BRL 19,454     $ 229     $     $ 229  

 

Investments in affiliates12

 

    Value of
affiliate at
1/1/2023
(000)
    Additions
(000)
    Reductions
(000)
    Net
realized
loss
(000)
    Net
unrealized
appreciation
(000)
    Value of
affiliate at
6/30/2023
(000)
    Dividend
income
(000)
 
Short-term securities 28.95%                                                        
Money market investments 28.95%                                                        
Capital Group Central Cash Fund 5.15%11   $ 49,881     $ 376,233     $ 175,143     $ (2 )   $ 37     $ 251,006     $ 3,141  
   
16 Capital Group Fixed Income ETF Trust
 

Capital Group Core Plus Income ETF (continued)

 

Restricted securities8

 

    Acquisition
date
  Cost
(000)
    Value
(000)
    Percent
of net
assets
 
Mission Lane Credit Card Master Trust, Series 2022-B, Class D, 14.45% 1/15/20281,7   12/6/2022   $ 3,500     $ 3,556       .41 %
Mission Lane Credit Card Master Trust, Series 2022-B, Class B, 10.42% 1/15/20281,7   12/6/2022     465       470       .06  
Wolfspeed, Inc. 9.875% 6/23/2030 (10.875% on 6/23/2026)5,7   6/23/2023     768       768       .09  
        $ 4,733     $ 4,794       .56 %
   
1 Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
2 Purchased on a TBA basis.
3 Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available.
4 Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $225,474,000, which represented 26.00% of the net assets of the fund.
5 Step bond; coupon rate may change at a later date.
6 Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $837,000, which represented 0.09% of the net assets of the fund.
7 Value determined using significant unobservable inputs.
8 Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933. The total value of all such restricted securities was $4,794,000, which represented 0.56% of the net assets of the fund.
9 All or a portion of this security was pledged as collateral. The total value of pledged collateral was $9,051,000, which represented 1.04% of the net assets of the fund.
10 Index-linked bond whose principal amount moves with a government price index.
11 Rate represents the seven-day yield at June 30, 2023.
12 Part of the same “group of investment companies” as the fund as defined under the Investment Company Act of 1940, as amended.
13 Amount less than one thousand.

 

Key to abbreviations

AMT = Alternative Minimum Tax

Assn. = Association

BRL = Brazilian reais

BZDIOVER = Overnight Brazilian Interbank Deposit Rate

CLO = Collateralized Loan Obligations

CME = CME Group

DAC = Designated Activity Company

Dev. = Development

Facs. = Facilities

LIBOR = London Interbank Offered Rate

Rev. = Revenue

SOFR = Secured Overnight Financing Rate

TBA = To-be-announced

USD = U.S. dollars

 

Refer to the notes to financial statements.

 

Capital Group Fixed Income ETF Trust 17
 
Capital Group Municipal Income ETF unaudited
Investment portfolio June 30, 2023  

 

Portfolio quality summary*     Percent of
net assets
AAA/Aaa     10.33 %
AA/Aa     37.32  
A/A     20.13  
BBB/Baa     10.31  
Below investment grade     13.55  
Unrated     .57  
Short-term securities & other assets less liabilities     7.79  
* Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch as an indication of an issuer’s creditworthiness. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the “unrated” category (above) have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with the fund’s investment policies.

 

Bonds, notes & other debt instruments 92.21%   Principal amount
(000)
    Value
(000)
 
Alabama 2.09%                
Black Belt Energy Gas Dist., Gas Project Rev. Bonds, Series 2022-B-1, 5.25% 2/1/2053 (put 6/1/2029)   USD 600     $ 628  
Black Belt Energy Gas Dist., Gas Supply Prepay Rev. Bonds (Project No. 4), Series 2019-A, 4.00% 12/1/2049 (put 12/1/2025)     500       497  
Black Belt Energy Gas Dist., Gas Supply Rev. Bonds, Series 2022-F, 5.50% 11/1/2053 (put 12/1/2028)     750       792  
Black Belt Energy Gas Dist., Gas Supply Rev. Bonds, Series 2023-B, 5.25% 12/1/2053 (put 12/1/2026)     500       534  
Energy Southeast, Energy Supply Rev. Bonds (A Cooperative Dist.), Series 2023-A-1, 5.50% 11/1/2053 (put 1/1/2031)     500       537  
Board of Trustees of the University of Alabama, General Rev. Bonds, Series 2014-B, 4.00% 7/1/2031     575       627  
              3,615  
                 
Alaska 0.87%                
International Airport System, Rev. Ref. Bonds, Series 2021-C, AMT, 5.00% 10/1/2026     1,455       1,512  
                 
Arizona 1.08%                
Industrial Dev. Auth., Charter School Social Rev. Bonds (Equitable School Revolving Fund), Series 2021-A, 4.00% 11/1/2040     500       470  
Industrial Dev. Auth., Municipal Certs., Series 2019-2, Class A, 3.625% 5/20/2033     701       653  
County of Maricopa, Industrial Dev. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2001, AMT, 3.375% 12/1/2031 (put 6/3/2024)     750       746  
              1,869  
                 
California 9.02%                
Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-B-1, 5.00% 7/1/2053 (put 8/1/2029)     700       736  
CSCDA Community Improvement Auth., Essential Housing Social Rev. Bonds (Millennium South Bay - Hawthorne), Series 2021-A-1, 3.375% 7/1/20431     750       604  
Davis Joint Unified School Dist., G.O Bonds, 2018 Election, Series 2020, BAM insured, 3.00% 8/1/2034     500       481  
Escondido Union High School Dist., G.O. Bonds, Capital Appreciation Bonds,                
2008 Election, Series 2009-A, Assured Guaranty insured, 0% 8/1/2028     500       425  
Freddie Mac, Multi Family Certs., Series 2023, 4.14% 1/25/2040     549       511  
G.O. Rev. Ref. Bonds, Series 2017, 4.00% 10/1/2039     480       525  
G.O. Rev. Ref. Bonds, Series 2019, 5.00% 4/1/2032     500       595  
Glendale Community College Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds, 2016 Election, Series 2020-B, 0% 8/1/2032     500       361  
Health Facs. Fncg. Auth., Rev. Bonds (Providence Health & Services), Series 2014-A, 5.00% 10/1/2024     580       592  
Housing Fin. Agcy., Municipal Certs., Series 2023-1, Class A, 4.375% 9/20/2036     550       549  

 

18 Capital Group Fixed Income ETF Trust
 

Capital Group Municipal Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
California (continued)                
Infrastructure and Econ. Dev. Bank, Rev. Bonds (WFCS Portfolio Projects), Series 2021-A-1, 5.00% 1/1/20561   USD 500     $ 381  
City of Long Beach, Harbor Rev. Bonds, Series 2015-C, AMT, 5.00% 5/15/2026     720       739  
City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Bonds, Series 2019-D, AMT, 5.00% 5/15/2026     495       515  
City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Bonds, Series 2018-A, AMT, 5.00% 5/15/2037     1,000       1,049  
Monrovia Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 1997 Election, Series 2001-B, National insured, 0% 8/1/2032     750       536  
Municipal Fin. Auth., Rev. Ref. Bonds (Biola University), Series 2017, 5.00% 10/1/2030     500       522  
Municipal Fin. Auth., Solid Waste Disposal Rev. Bonds (Republic Services, Inc. Project), Series 2021-A, AMT, 4.10% 7/1/2041 (put 10/2/2023)     350       350  
Newport-Mesa Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2005 Election, Series 2011, National insured, 0% 8/1/2033     700       503  
Northern California Energy Auth., Commodity Supply Rev. Bonds, Series 2018, 4.00% 7/1/2049 (put 7/1/2024)     1,000       1,001  
Rialto Unified School Dist., G.O. Bonds, 2022 Election, Series 2023, BAM insured, 0% 8/1/2028     115       97  
Rialto Unified School Dist., G.O. Bonds, 2022 Election, Series 2023, BAM insured, 0% 8/1/2029     140       114  
Rowland Unified School Dist., G.O. Bonds, 2006 Election, Capital Appreciation Bonds, Series 2009-B, 0% 8/1/2034     500       339  
San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Bonds, 2008 Election, Series 2012-E, 0% 7/1/2034     750       516  
City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Ref. Bonds, Series 2019-A-2, AMT, 5.00% 5/1/2044     500       519  
City and County of San Francisco, Public Utilities Commission, Wastewater Rev. Green Bonds, Series 2023-C, 4.00% 10/1/2048 (put 10/1/2029)     700       744  
Statewide Communities Dev. Auth., Student Housing Rev. Ref. Bonds (CHF-Irvine, LLC - University of California, Irvine East Campus Apartments, Phase I Ref. and Phase IV-B), Series 2021, BAM insured, 5.00% 5/15/2027     500       531  
Stockton Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election, Series 2011-D, Assured Guaranty Municipal insured, 0% 8/1/2033     1,000       704  
City of Vernon, Electric System Rev. Bonds, Series 2021-A, 5.00% 4/1/2025     500       507  
Whittier Union High School Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds, Series 2016, 0% 8/1/2032     750       533  
              15,579  
                 
Colorado 2.98%                
City and County of Denver, Airport System Rev. Bonds, Series 2022-A, AMT, 5.00% 11/15/2028     500       538  
E-470 Public Highway Auth., Rev. Bonds, Capital Appreciation Bonds, Series 2004-A, National insured, 0% 9/1/2027     500       435  
Health Facs. Auth., Rev. Ref. Bonds (Covenant Retirement Communities, Inc.), Series 2015-A, 5.00% 12/1/2035     500       504  
Housing and Fin. Auth., Multi Family Housing Rev. Bonds (Wintergreen Ridge Apartments Project), Series 2023, 4.00% 5/1/2041 (put 5/1/2025)     275       276  
Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2023-I, Class III, 6.00% 5/1/2053     1,000       1,097  
City of Lone Tree, Rampart Range Metropolitan Dist. No. 5, Limited Tax Supported and Special Rev. Bonds, Series 2021, 4.00% 12/1/2036     500       421  
Town of Parker, Cottonwood Highlands Metropolitan Dist. No. 1, Limited Tax G.O. Bonds (Convertible to Unlimited Tax), Series 2019-A, 5.00% 12/1/2049     500       455  
Regional Transportation Dist., Private Activity Bonds (Denver Transit Partners Eagle P3 Project), Series 2020-A, 4.00% 7/15/2033     500       520  
Town of Superior, STC Metropolitan Dist. No. 2, Limited Tax G.O. and Special Rev. Ref. and Improvement Bonds, Series 2019-A, 4.00% 12/1/2029     500       466  
Town of Windsor, Great Western Metropolitan Dist. No. 5, Limited Tax G.O. Rev. Ref. Bonds, Series 2020, 4.75% 12/1/2050     500       435  
              5,147  

 

Capital Group Fixed Income ETF Trust 19
 

Capital Group Municipal Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Connecticut 1.30%                
Health and Educational Facs. Auth., Rev. Bonds (Connecticut Children’s Medical Center Issue), Series 2023-E, 5.00% 7/15/2038   USD 555     $ 598  
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2018-E-1, 4.25% 5/15/2042     420       419  
Mohegan Tribe of Indians, Gaming Auth., Priority Distribution Payment Rev. Ref. Bonds, Series 2015-C, 5.75% 2/1/20251     500       502  
Mohegan Tribe of Indians, Gaming Auth., Priority Distribution Payment Rev. Ref. Bonds, Series 2015-A, 6.75% 2/1/20451     219       219  
City of Stamford, Harbor Point Infrastructure Improvement Dist., Special Obligation Rev. Ref. Bonds (Harbor Point Project), Series 2017, 5.00% 4/1/20391     500       500  
              2,238  
                 
Delaware 0.26%                
Econ. Dev. Auth., Charter School Rev. Bonds (First State Montessori Academy, Inc. Project), Series 2019-A, 4.00% 8/1/2029     460       449  
                 
District of Columbia 0.58%                
Housing Fin. Agcy., Collateralized Multi Family Housing Rev. Bonds (218 Vine Street Apartments Project), Series 2020, 4.00% 1/1/2040 (put 12/1/2023)     240       239  
Metropolitan Area Transit Auth., Dedicated Rev. Bonds, Series 2020-A, 4.00% 7/15/2020     750       760  
              999  
                 
Florida 3.25%                
Capital Trust Agcy., Educational Facs. Rev. Bonds (Renaissance Charter School), Series 2017-A, 4.375% 6/15/20271     345       338  
Capital Trust Agcy., Educational Facs. Rev. Bonds (Viera Charter Schools, Inc. Project), Series 2017-A, 4.00% 10/15/20291     500       476  
Capital Trust Agcy., Senior Rev. Bonds (Educational Growth Fund, LLC Charter School Portfolio Projects), Series 2021-A-1, 3.375% 7/1/20311     500       469  
Dev. Fin. Corp., Solid Waste Disposal Rev. Bonds (Waste Pro USA, Inc. Project), Series 2021, AMT, 3.00% 6/1/2032     500       398  
Dev. Fin. Corp., Solid Waste Disposal Rev. Bonds (Waste Pro USA, Inc. Project), Series 2023, AMT, 6.125% 7/1/2032 (put 7/1/2026)1     650       654  
Fin. Auth., Econ. Dev. Rev. Ref. Bonds (Republic Services, Inc. Project), Series 2010-A, AMT, 4.05% 5/1/2034 (put 12/1/2022)     750       750  
Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2018-1, 4.00% 7/1/2049     430       427  
Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2023-1, 5.25% 7/1/2054     500       523  
County of Miami-Dade, Sawyers Landing Community Dev. Dist., Special Assessment Rev. Bonds, Series 2021, 3.25% 5/1/2026     1,075       1,020  
Municipal Power Agcy., Rev. Ref. Bonds (St. Lucie Project), Series 2021-B, 5.00% 10/1/2030     500       553  
              5,608  
                 
Georgia 2.41%                
Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2021-C, 4.00% 5/1/2052 (put 12/1/2028)     695       685  
Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2021-A, 4.00% 7/1/2052 (put 9/1/2027)     500       498  
Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2023-B, 5.00% 7/1/2053 (put 3/1/2030)     510       533  
Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2023-C, 5.00% 9/1/2053 (put 12/1/2029)     1,140       1,198  
Municipal Electric Auth., Project One Bonds, Series 2020-A, 5.00% 1/1/2027     620       651  
Private Colleges and Universities Auth., Rev. Bonds (Emory University), Series 2022-A, 5.00% 9/1/2032     500       593  
              4,158  

 

20 Capital Group Fixed Income ETF Trust
 

Capital Group Municipal Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Guam 0.87%                
Business Privilege Tax Rev. Ref. Bonds, Series 2021-F, 4.00% 1/1/2036   USD 550     $ 526  
Limited Obligation Bonds (Section 30), Series 2016-A, 5.00% 12/1/2046     1,000       972  
              1,498  
                 
Hawaii 1.47%                
Airports System Rev. Bonds, Series 2018-A, AMT, 5.00% 7/1/2029     500       534  
City and County of Honolulu, G.O. Bonds, Series 2021-A, 4.00% 7/1/2041     500       507  
City and County of Honolulu, G.O. Bonds (Honolulu Rail Transit Project), Series 2019-E, 5.00% 9/1/2025 (put 9/1/2023)     1,500       1,503  
              2,544  
                 
Illinois 8.75%                
Build Illinois Bonds, Sales Tax Rev. Bonds, Series 2021-A, 3.00% 6/15/2032     500       470  
City of Chicago, Board of Education, Capital Improvement Tax Bonds (Dedicated Rev.), Series 2023, 5.25% 4/1/2036     250       275  
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2021-A, 5.00% 12/1/2033     500       526  
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2021-A, 5.00% 12/1/2040     500       506  
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2018-D, 5.00% 12/1/2046     500       492  
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 12/1/2030     500       519  
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2022-A, 4.00% 12/1/2047     500       439  
City of Chicago, G.O Bonds (City Colleges of Chicago Capital Improvement Project), Capital Appreciation Bonds, Series 1999, National insured, 0% 1/1/2026 (escrowed to maturity)     500       461  
City of Chicago, G.O. Bonds, Series 2021-A, 4.00% 1/1/2035     500       494  
City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax G.O. Bonds (Dedicated Tax Rev.), Capital Appreciation Bonds, Series 1999-A, National insured, 0% 12/1/2025     500       453  
City of Chicago, Wastewater Transmission Rev. Ref. Bonds, Series 2023-B, Assured Guaranty Municipal insured, 5.00% 1/1/2034     1,250       1,428  
City of Chicago, Water Rev. Bonds, Series 2000, 5.00% 11/1/2028     1,000       1,046  
City of Chicago, Water Rev. Ref. Bonds, Series 2023-B, Assured Guaranty Municipal insured, 5.00% 11/1/2039     500       548  
Fin. Auth., Rev. Bonds (Advocate Health Care Network), Series 2008-A, 4.00% 11/1/2030     500       505  
Fin. Auth., Rev. Bonds (Clean Water Initiative Revolving Fund), Series 2016, 5.00% 7/1/2023     1,000       1,000  
Fin. Auth., Rev. Bonds (Rush University Medical Center Obligated Group), Series 2015-A, 4.00% 11/15/2039     500       490  
Fin. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2019, AMT, 0.40% 11/1/2044 (put 11/1/2023)     500       501  
G.O. Bonds, Series 2016, 4.00% 6/1/2033     1,060       1,063  
Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Bonds, Capital Appreciation Bonds, Series 2002-A, Assured Guaranty Municipal insured, 0% 6/15/2030     1,055       812  
Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Bonds, Capital Appreciation Bonds, Series 2002-A, National insured, 0% 6/15/2032     925       653  
Sales Tax Securitization Corp., Sales Tax Securitization Bonds, Series 2020-A, BAM insured, 5.00% 1/1/2029     510       556  
Sales Tax Securitization Corp., Sales Tax Securitization Rev. Ref. Bonds, Series 2023-C, 5.00% 1/1/2034     460       514  
Sports Facs. Auth., Sports Facs. Rev. Ref. Bonds (State Tax Supported), Series 2019, BAM insured, 5.00% 6/15/2029     665       701  
Toll Highway Auth., Toll Highway Rev. Bonds, Series 2023-A, 5.00% 1/1/2042     600       660  
              15,112  

 

Capital Group Fixed Income ETF Trust 21
 

Capital Group Municipal Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Indiana 2.31%                
Fin. Auth., Environmental Improvement Rev. Bonds (Fulcrum Centerpoint, LLC Project), Series 2022-A, AMT, 4.50% 12/15/2046 (put 12/1/2023)   USD 750     $ 749  
Fin. Auth., Environmental Improvement Rev. Ref. Bonds (U.S. Steel Corp. Project), Series 2021-A, 4.125% 12/1/2026     750       742  
Fin. Auth., Hospital Rev. Ref. Bonds (Indiana University Health), Series 2023-B-1, 5.00% 10/1/2062 (put 7/1/2028)     755       822  
Fin. Auth., Midwestern Disaster Relief Rev. Bonds (Ohio Valley Electric Corp. Project), Series 2012-B, 3.00% 11/1/2030     500       453  
Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2023-A-1, 5.75% 7/1/2053     425       453  
City of Whiting, Environmental Facs. Rev. Bonds (BP Products North America, Inc. Project), Series 2016-A, AMT, 4.40% 3/1/2046 (put 6/10/2031)     250       255  
City of Whiting, Environmental Facs. Rev. Ref. Bonds (BP Products North America, Inc. Project), Series 2019-A, AMT, 5.00% 12/1/2044 (put 6/15/2026)     500       515  
              3,989  
                 
Iowa 0.29%                
Fin. Auth., Midwestern Disaster Area Rev. Ref. Bonds (Iowa Fertilizer Co. Project), Series 2022, 4.00% 12/1/2050 (put 12/1/2032)     500       493  
                 
Kansas 0.31%                
Dev. Fin. Auth., Hospital Rev. Bonds (Advent Health Obligated Group), Series 2021-B, 5.00% 11/15/2054 (put 11/15/2028)     500       543  
                 
Kentucky 0.28%                
Public Energy Auth., Gas Supply Rev. Bonds, Series 2022-A-1, 4.00% 8/1/2052 (put 8/1/2030)     500       491  
                 
Louisiana 0.48%                
Housing Corp., Single Family Mortgage Rev. Bonds (Home Ownership Program), Series 2023-A, 5.75% 6/1/2054     400       433  
Public Facs. Auth., Hospital Rev. Bonds (Louisiana Children’s Medical Center Project), Series 2015-A-3, 5.00% 6/1/2045 (put 6/1/2028)     365       389  
              822  
                 
Maryland 1.47%                
Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2023-A, 5.50% 9/1/2053     1,095       1,173  
County of Montgomery, Rev. Ref. Bonds (Dept. of Liquor Control), Series 2019-A, 4.00% 6/15/2037     750       779  
Dept. of Transportation, Consolidated Transportation Bonds, Series 2021-A, 2.00% 10/1/2034     700       593  
              2,545  
                 
Massachusetts 0.73%                
Dev. Fin. Agcy., Rev. Bonds (Partners Healthcare System Issue), Series 2017-S, 4.00% 7/1/2035     500       507  
Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2019-B, AMT, 5.00% 7/1/2026     500       517  
Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2023-B, AMT, 4.25% 7/1/2044     235       233  
              1,257  

 

22 Capital Group Fixed Income ETF Trust
 

Capital Group Municipal Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Michigan 1.82%                
Building Auth., Rev. Bonds (Facs. Program), Series 2021-I, 4.00% 10/15/2041   USD 500     $ 500  
Fin. Auth., Hospital Rev. and Rev. Ref. Bonds (Trinity Health Credit Group), Series 2019-A, 5.00% 12/1/2041     500       524  
Fin. Auth., Tobacco Settlement Asset-Backed Bonds, Series 2020-A-1, 5.00% 6/1/2033     500       542  
Great Lakes Water Auth., Sewage Disposal System Rev. Ref. Bonds, Series 2018-B, 5.00% 7/1/2028     1,000       1,103  
Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2023-A, 5.50% 12/1/2053     450       482  
              3,151  
                 
Minnesota 1.02%                
Higher Education Supplemental Loan Auth., Rev. Bonds, Series 2023, AMT, 4.00% 11/1/2042     850       813  
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2020-I, 3.00% 1/1/2051     500       483  
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2021-H, 3.00% 7/1/2052     495       475  
              1,771  
                 
Missouri 1.25%                
Health and Educational Facs. Auth., Health Facs. Rev. Bonds (Bethesda Health Group, Inc.), Series 2021, 4.00% 8/1/2029     385       358  
Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), Series 2020-C, 3.50% 11/1/2050     475       465  
Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), Series 2023-B, 5.50% 5/1/2053     1,250       1,340  
              2,163  
                 
Montana 0.38%                
City of Forsyth, Pollution Control Rev. Ref. Bonds (Northwestern Corp. Colstrip Project), Series 2023, 3.875% 7/1/2028     650       652  
                 
Nebraska 0.24%                
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2020-A, 2.35% 9/1/2035     500       411  
                 
Nevada 2.84%                
Dept. of Business and Industry, Lease Rev. Bonds (Somerset Academy), Series 2018-A, 4.50% 12/15/20291     505       491  
Dept. of Business and Industry, Rev. Bonds (Brightline West Passenger Rail Project), Series 2020-A, AMT, 3.70% 1/1/2050 (put 1/31/2024)1     700       697  
Dept. of Business and Industry, Solid Waste Disposal Rev. Bonds (Republic Services, Inc. Project), Series 2001, AMT, 3.75% 12/1/2026 (put 12/1/2023)1     850       851  
County of Clark, Limited Tax G.O. Park Improvement Bonds, Series 2018, 5.00% 12/1/2031     600       663  
County of Clark, Limited Tax G.O. Stadium Improvement Bonds, Series 2018-A, 5.00% 6/1/2033     500       545  
County of Clark, Limited Tax G.O. Transportation Improvement Bonds, Series 2018-B, 5.00% 12/1/2035     585       637  
Las Vegas Valley Water Dist., Limited Tax G.O. Water Improvement Bonds, Series 2022-A, 4.00% 6/1/2035     500       530  
City of North Las Vegas, Special Improvement Dist. No. 65 (Northern Beltway Commercial Area), Local Improvement Bonds, Series 2017, 4.00% 12/1/20271     505       498  
              4,912  
                 
New Hampshire 1.02%                
National Fin. Auth., Municipal Certs., Series 2022-2, Class A, 4.00% 10/20/2036     545       517  
National Fin. Auth., Solid Waste Disposal Rev. Ref. Bonds (Waste Management, Inc. Project), Series 2020-A-3, AMT, 3.95% 4/1/2024 (put 9/1/2023)     1,250       1,250  
              1,767  

 

Capital Group Fixed Income ETF Trust 23
 

Capital Group Municipal Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
New Jersey 3.79%                
Econ. Dev. Auth., Special Fac. Rev. Bonds (Continental Airlines, Inc. Project), Series 1999, AMT, 5.25% 9/15/2029   USD 500     $ 501  
Educational Facs. Auth., Rev. and Rev. Ref. Bonds (Ramapo College of New Jersey Issue), Series 2022-A, Assured Guaranty Municipal insured, 5.00% 7/1/2030     620       702  
Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (Hackensack Meridian Health Obligated Group Issue), Series 2017-A, 5.00% 7/1/2032     500       537  
Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (RWJ Barnabas Health Obligated Group Issue), Series 2016-A, 5.00% 7/1/2033     500       529  
Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2019-B, AMT, 3.25% 12/1/2039     500       474  
Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2023-B, AMT, 4.00% 12/1/2044     900       875  
Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2020-E, 3.50% 4/1/2051     465       455  
Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2023-J, 5.50% 4/1/2053     1,000       1,072  
Transportation Trust Fund Auth., Transportation System Bonds, Series 2019-A, 5.00% 12/15/2027     500       537  
Transportation Trust Fund Auth., Transportation System Bonds, Series 2018-A, 5.00% 12/15/2036     500       530  
Transportation Trust Fund Auth., Transportation System Bonds, Capital Appreciation Bonds, Series 2006-C, AMBAC insured, 0% 12/15/2035     550       335  
              6,547  
                 
New York 7.96%                
Build NYC Resource Corp., Rev. Bonds (East Harlem Scholars Academy Charter School Project), Series 2022, 5.00% 6/1/20321     250       253  
Energy Research and Dev. Auth., Pollution Control Rev. Bonds (New York State Electric & Gas Corp. Project), Series 2004-C, 4.00% 4/1/2034     120       121  
Environmental Facs. Corp., Solid Waste Disposal Rev. Bonds (Casella Waste Systems, Inc. Project), Series 2014-R-2, AMT, 3.125% 12/1/2044 (put 6/1/2026)1     500       478  
Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2023-A-2, 3.60% 11/1/2062 (put 5/1/2027)     720       719  
Liberty Dev. Corp., Liberty Rev. Ref. Green Bonds (4 World Trade Center Project), Series 2021-A, 2.875% 11/15/2046     995       742  
Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2017-D, 5.00% 11/15/2035     600       633  
Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2017-C-1, 5.00% 11/15/2028     805       861  
Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 213, 4.25% 10/1/2047     440       439  
New York City G.O. Bonds, Series 2023-F-1, 5.00% 8/1/2025     110       114  
New York City G.O. Bonds, Series 2022-A-1, 5.00% 9/1/2034     500       583  
New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Dev. Bonds), Series 2020-A-1-B, 2.05% 11/1/2031     530       459  
New York City Housing Dev. Corp., Multi Family Housing Rev. Green Bonds (Sustainable Dev. Bonds), Series 2021-F-1, 2.40% 11/1/2046     500       330  
New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2020-CC-1, 4.00% 6/15/2037     750       769  
New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2023-CC, 3.25% 6/15/2053     1,000       1,000  
New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2015-E-1, 5.00% 2/1/2030     500       514  
New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2016-B-1, 5.00% 11/1/2034     500       519  
Port Auth., Consolidated Bonds, Series 178, AMT, 5.00% 12/1/2025     560       563  
Thruway Auth., Personal Income Tax Rev. Bonds, Series 2021-A-1, 5.00% 3/15/2029     500       560  
Thruway Auth., Personal Income Tax Rev. Bonds, Series 2021-A-1, 3.00% 3/15/2048     500       394  
Transportation Dev. Corp., Special Fac. Rev. Bonds (American Airlines, Inc. John F. Kennedy International Airport Project), Series 2021, AMT, 2.25% 8/1/2026     750       723  
Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), Series 2020-A, AMT, 5.00% 12/1/2024     750       763  

 

24 Capital Group Fixed Income ETF Trust
 

Capital Group Municipal Income ETF (continued)

 

Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
New York (continued)                
Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), Series 2020-C, 5.00% 12/1/2034   USD 500     $ 547  
Transportation Dev. Corp., Special Fac. Rev. Ref. Bonds (American Airlines, Inc. John F. Kennedy International Airport Project), Series 2016, AMT, 5.00% 8/1/2026     500       501  
Transportation Dev. Corp., Special Facs. Rev. Bonds (Delta Air Lines, Inc. LaGuardia Airport Terminals C & D Redev. Project), Series 2018, AMT, 5.00% 1/1/2033     500       519  
Triborough Bridge and Tunnel Auth., Payroll Mobility Tax Rev. Ref. Green Bonds (MTA Bridges and Tunnels), Series 2023-A, 5.00% 11/15/2034     550       658  
              13,762  
                 
North Carolina 1.15%                
City of Charlotte, Charlotte Douglas International Airport, Airport Rev. Bonds, Series 2019-B, AMT, 5.00% 7/1/2030     500       541  
Housing Fin. Agcy., Home Ownership Rev. Bonds, Series 50, 5.50% 1/1/2054     700       750  
Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 42, 4.00% 1/1/2050     475       471  
Turnpike Auth., Triangle Expressway System, Appropriation Rev. Bonds, Capital Appreciation Bonds, Series 2019, 0% 1/1/2043     560       233  
              1,995  
                 
North Dakota 0.43%                
Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2023-A, 5.75% 7/1/2053     700       746  
                 
Ohio 3.84%                
Air Quality Dev. Auth., Air Quality Dev. Rev. Ref. Bonds (Duke Energy Corp. Project), Series 2022-B, AMT, 4.25% 11/1/2039 (put 6/1/2027)     500       497  
Air Quality Dev. Auth., Air Quality Rev. Ref. Bonds (Ohio Valley Electric Corp. Project), Series 2019-A, 3.25% 9/1/2029     500       467  
Buckeye Tobacco Settlement Fncg. Auth., Tobacco Settlement Asset-Backed Rev. Ref. Bonds, Series 2020-A-2, Class 1, 5.00% 6/1/2033     750       815  
County of Cuyahoga, Metropolitan Housing Auth., Multi Family Housing Rev. Bonds (Wade Park Apartments), Series 2022, 4.75% 12/1/2027 (put 12/1/2025)     460       467  
County of Franklin, Hospital Facs. Rev. Ref. Bonds (Nationwide Children’s Hospital), Series 2016-C, 5.00% 11/1/2031     500       569  
County of Franklin, Hospital Facs. Rev. Ref. Bonds (Nationwide Children’s Hospital), Series 2016-C, 4.00% 11/1/2040     1,000       985  
Hospital Rev. Bonds (University Hospitals Health System, Inc.), Series 2021-C, 3.58% 1/15/2051     985       985  
Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2023-A, 5.50% 3/1/2053     1,000       1,059  
Water Dev. Auth., Water Dev. Rev. Bonds (Fresh Water), Series 2019, 5.00% 6/1/2031     695       791  
              6,635  
                 
Oregon 0.16%                
G.O. Bonds (Veteran’s Welfare Bonds Series 111), Series 2023-E, 5.50% 12/1/2053     260       279  
                 
Pennsylvania 4.99%                
City of Allentown, Neighborhood Improvement Zone Dev. Auth., Tax Rev. Bonds (City Center Ref. Project), Series 2017, 5.00% 5/1/20421     500       501  
County of Cumberland, Municipal Auth., Rev. Bonds (Penn State Health), Series 2019, 5.00% 11/1/2027     500       539  
Econ. Dev. Fncg. Auth., Private Activity Rev. Bonds (The Penndot Major Bridges Package One Project), Series 2022, AMT, 5.00% 12/31/2030     700       766  
Econ. Dev. Fncg. Auth., Private Activity Rev. Bonds (The Pennsylvania Rapid Bridge Replacement Project), Series 2015, AMT, 5.00% 12/31/2034     500       511  
Econ. Dev. Fncg. Auth., UPMC Rev. Bonds, Series 2020-A, 4.00% 4/15/2039     500       492  
Erie County School Dist., Limited Tax G.O. Bonds, Series 2019-A, Assured Guaranty Municipal insured, 5.00% 4/1/2030     500       549  

 

Capital Group Fixed Income ETF Trust 25
 

Capital Group Municipal Income ETF (continued)

 

<
Bonds, notes & other debt instruments (continued)   Principal amount
(000)
    Value
(000)
 
Pennsylvania (continued)                
Erie County School Dist., Limited Tax G.O. Bonds, Series 2019-A, Assured Guaranty Municipal insured, 5.00% 4/1/2031   USD 525     $ 576  
G.O. Bonds, Series 2016, Assured Guaranty Municipal insured, 5.00% 9/15/2026     500       533  
Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2023-B, AMT, 4.00% 6/1/2044     350       343  
Higher Educational Facs. Auth., Health System Rev. Bonds (University of Pennsylvania Health System), Series 2015, 5.00% 8/15/2026     500       519  
Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2023-141-A, 5.75% 10/1/2053     800       853  
County of Montgomery, Industrial Dev. Auth., Exempt Facs. Rev. Ref. Bonds (Constellation Energy Generation, LLC Project), Series 2023-C, 4.10% 6/1/2029     600       614  
Philadelphia School Dist., G.O. Bonds, Series 2019-A, National insured, 5.00% 9/1/2026     500       524  
Philadelphia School Dist., G.O. Bonds, Series 2016-F, 5.00% 9/1/2028     250       262  
Turnpike Commission, Turnpike Rev. Bonds, Series 2019-A, 5.00% 12/1/2027     500       540  
County of Westmoreland, Industrial Dev. Auth., Health System Rev. Bonds (Excela Health Project), Series 2020-A, 4.00% 7/1/2026     500       495  
              8,617  
                 
Puerto Rico 2.19%                
Aqueduct and Sewer Auth., Rev. Ref. Bonds, Series 2021-B, 5.00% 7/1/20331     500       514  
Aqueduct and Sewer Auth., Rev. Ref. Bonds, Series 2021-B, 4.00% 7/1/20421     500       438  
Commonwealth Highways and Transportation Auth., Toll Rev. Bonds, Capital Appreciation Bonds, Series 2022-C, 0% 7/1/2053 (5.00% on 7/1/2032)2     750       459  
Electric Power Auth., Power Rev. Ref. Bonds, Series 2007-UU, Assured Guaranty Municipal insured, (3-month USD-LIBOR x 0.67 + 0.52%) 0.67% 7/1/2029     500       464  
Industrial, Tourist, Educational, Medical and Environmental Control Facs. Fncg. Auth., Hospital Rev. and Rev. Ref. Bonds (Hospital Auxilio Mutuo Obligated Group Project), Series 2021, 5.00% 7/1/2033     435       477  
Sales Tax Fncg. Corp., Sales Tax Rev. Restructured Bonds, Series 2019-A-2, 4.329% 7/1/2040     1,000       953  
Sales Tax Fncg. Corp., Sales Tax Rev. Restructured Bonds, Series 2019-A-2, 4.329% 7/1/2040     500       477  
              3,782  
                 
South Carolina 0.59%                
Jobs-Econ. Dev. Auth., Environmental Improvement Rev. Ref. Bonds (International Paper Company Project), Series 2023-A, AMT, 4.00% 4/1/2033 (put 4/1/2026)     500       502  
Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2016-A, 5.00% 12/1/2029     500       519  
              1,021  
                 
Tennessee 1.11%                
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2017-2A, AMT, 4.00% 1/1/2042     425       420  
City of Memphis and County of Shelby, Airport Auth., Airport Rev. Ref. Bonds, Series 2021-D, 5.00% 7/1/2023     500       500