Capital Group Core Municipal FundSM
Investment portfolio
July 31, 2021
unaudited
| Bonds, notes & other debt instruments 86.23% Alabama 0.92% | Principal amount (000) | Value (000) | |
| Black Belt Energy Gas Dist., Gas Supply Prepay Rev. Bonds (Project No. 5), Series 2020-A-1, 4.00% 2049 (put 2026) | $825 | $961 | |
| Black Belt Energy Gas Dist., Gas Supply Rev. Bonds, Series 2017-A, 4.00% 2047 (put 2022) | 2,050 | 2,112 | |
| Black Belt Energy Gas Dist., Gas Supply Rev. Bonds, Series 2021-A, 4.00% 2051 (put 2023) | 1,000 | 1,261 | |
| Federal Aid Highway Fin. Auth., Federal Highway Grant Anticipation Bonds, Series 2012, 5.00% 2023 (preref. 2022) | 100 | 105 | |
| City of Huntsville, Electric Rev. Bonds, Series 2017-A, 5.00% 2022 | 450 | 480 | |
| City of Huntsville, Electric Rev. Bonds, Series 2017-B, 5.00% 2022 | 400 | 426 | |
| Southeast Energy Auth., Commodity Supply Rev. Bonds (Project No. 1), Series 2021-A, 4.00% 2051 (put 2028) | 1,440 | 1,736 | |
| 7,081 | |||
| Alaska 0.33% | |||
| Housing Fin. Corp., Collateralized Bonds (Veterans Mortgage Program), Series 2019, 4.00% 2048 | 865 | 958 | |
| Housing Fin. Corp., General Mortgage Rev. Bonds, Series 2020-A, 3.25% 2044 | 910 | 1,008 | |
| Housing Fin. Corp., General Mortgage Rev. Bonds, Series 2016-A, 3.50% 2046 | 150 | 159 | |
| Housing Fin. Corp., State Capital Project Bonds, Series 2014-A, 5.00% 2032 (preref. 2023) | 230 | 256 | |
| Housing Fin. Corp., State Capital Project Bonds, Series 2014-A, 5.00% 2033 (preref. 2023) | 110 | 123 | |
| 2,504 | |||
| Arizona 1.03% | |||
| Agricultural Improvement and Power Dist., Electric System Rev. Bonds (Salt River Project), Series 2021-A, 5.00% 2027 | 350 | 433 | |
| Agricultural Improvement and Power Dist., Electric System Rev. Bonds (Salt River Project), Series 2021-A, 5.00% 2028 | 295 | 375 | |
| Agricultural Improvement and Power Dist., Electric System Rev. Bonds (Salt River Project), Series 2021-A, 5.00% 2029 | 370 | 481 | |
| Board of Regents of the Arizona State University System, Rev. Bonds, Series 2020-A, 5.00% 2027 | 400 | 503 | |
| Board of Regents of the Arizona State University System, Rev. Bonds, Series 2020-A, 5.00% 2028 | 550 | 711 | |
| Board of Regents of the Arizona State University System, Rev. Bonds, Series 2020-A, 5.00% 2033 | 80 | 107 | |
| County of Coconino, Pollution Control Corp., Pollution Control Rev. Ref. Bonds, Series 2017-B, 1.65% 2039 (put 2023) | 1,500 | 1,534 | |
| City of Glendale, Industrial Dev. Auth., Rev. Ref. Bonds (Midwestern University), Series 2020, 5.00% 2029 | 1,000 | 1,302 | |
| Industrial Dev. Auth., Education Rev. Bonds (Greathearts Arizona Projects), Series 2021-A, 5.00% 2029 | 115 | 149 | |
| Industrial Dev. Auth., Rev. Bonds (Lincoln South Beltway Project), Series 2020, 5.00% 2023 | 1,000 | 1,106 | |
| Kyrene Elementary School Dist. No. 28, School Improvement Bonds (2010 Project), Series 2013-B, 4.50% 2024 (preref. 2023)1 | 55 | 60 | |
| Kyrene Elementary School Dist. No. 28, School Improvement Bonds (2010 Project), Series 2013-B, 4.50% 2025 (preref. 2023)1 | 45 | 49 | |
| County of Maricopa, Industrial Dev. Auth., Education Rev. Bonds (GreatHearts Arizona Projects), Series 2017-A, 5.00% 2027 | 745 | 923 | |
| City of Phoenix, Civic Improvement Corp., Water System Rev. Ref. Bonds, Series 2014-B, 5.00% 2024 | 115 | 131 | |
| Rev. Ref. Certs. of Part., Series 2019-A, 5.00% 2021 | 40 | 40 | |
| 7,904 | |||
| Arkansas 0.08% | |||
| Dev. Fin. Auth., Health Care Rev. Bonds (Baptist Memorial Health Care), Series 2015-B-3, (SIFMA Municipal Swap Index + 1.55%) 1.57% 2044 (put 2022)2 | 600 | 599 | |
Capital Group Core Municipal Fund — Page 1 of 84
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| Bonds, notes & other debt instruments (continued) California 4.99% | Principal amount (000) | Value (000) | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2021-C, (SIFMA Municipal Swap Index + 0.45%) 0.47% 2056 (put 2026)2 | $425 | $426 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2006-C-1, (SIFMA Municipal Swap Index + 0.90%) 0.92% 2045 (put 2023)2 | 2,205 | 2,221 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2016-B-2, 0.55% 2049 (put 2026) | 195 | 196 | |
| Carlsbad Unified School Dist., G.O. Bonds, 2018 Election, Series 2021-B, 2.00% 2023 | 75 | 78 | |
| Carlsbad Unified School Dist., G.O. Bonds, 2018 Election, Series 2021-B, 2.00% 2024 | 85 | 90 | |
| County of Contra Costa, Water Rev. Ref. Notes, Series 2019-F, 2.00% 2021 | 70 | 70 | |
| East Side Union High School Dist., G.O. Bonds, 2016 Election, Series 2021-C, 2.00% 2027 | 1,500 | 1,624 | |
| Eastern Municipal Water Dist., Water and Wastewater Rev. Ref. Bonds, Series 2021-A, 3.00% 2024 | 165 | 179 | |
| Educational Facs. Auth., Rev. Bonds (University of Southern California), Series 2009-C, 5.25% 2024 (escrowed to maturity) | 35 | 41 | |
| Fresno Unified School Dist., G.O. Bonds, 2016 Election, Series 2021-D, 2.00% 2023 | 105 | 109 | |
| Fresno Unified School Dist., G.O. Bonds, 2016 Election, Series 2021-D, 2.00% 2024 | 50 | 53 | |
| G.O. Bonds, Series 2021, 5.00% 2031 | 30 | 36 | |
| G.O. Bonds, Series 2021, 5.00% 2032 | 25 | 30 | |
| G.O. Bonds, Series 2021, 5.00% 2034 | 25 | 30 | |
| G.O. Rev. Ref. Bonds, Series 2021, 5.00% 2023 | 1,265 | 1,390 | |
| G.O. Rev. Ref. Bonds, Series 2021, 5.00% 2028 | 1,000 | 1,299 | |
| G.O. Rev. Ref. Bonds, Series 2021, 5.00% 2029 | 1,000 | 1,331 | |
| G.O. Rev. Ref. Bonds, Series 2021, 5.00% 2030 | 55 | 75 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Kaiser Permanente), Series 2017-B, 5.00% 2029 (put 2022) | 1,000 | 1,061 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Marshall Medical Center), Series 2015, 5.00% 2028 | 315 | 360 | |
| Housing Fin. Agcy., Municipal Certs., Series 2021-A-1, 3.50% 2035 | 741 | 884 | |
| Infrastructure and Econ. Dev. Bank, Rev. Bonds (The Colburn School), Series 2015-B, (SIFMA Municipal Swap Index + 1.20%) 1.22% 2037 (put 2022)2 | 1,000 | 1,003 | |
| Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (Museum of Art Project), Series 2021-B, 0.72% 2050 (put 2026)2 | 340 | 345 | |
| City of Irvine, Reassessment Dist. No. 13-1, Limited Obligation Improvement Bonds, Series 2013, 3.125% 2021 | 65 | 65 | |
| Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series 2017-A, BAM insured, 5.00% 2025 | 250 | 298 | |
| City of Jurupa, Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2020-A, BAM insured, 5.00% 2024 | 85 | 97 | |
| City of Jurupa, Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2020-A, BAM insured, 4.00% 2026 | 60 | 70 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2018-B, 4.00% 2022 | 75 | 76 | |
| County of Los Angeles, Dev. Auth., Multi Family Housing Rev. Bonds (Sunny Garden Apartments), Series 2021-C-1, 0.20% 2024 (put 2023) | 75 | 75 | |
| County of Los Angeles, Metropolitan Transportation Auth., Measure R Sales Tax Rev. Bonds, Series 2016-A, 5.00% 2023 | 50 | 55 | |
| County of Los Angeles, Metropolitan Transportation Auth., Measure R Sales Tax Rev. Bonds, Series 2021-A, 5.00% 2032 | 955 | 1,324 | |
| County of Los Angeles, Metropolitan Transportation Auth., Measure R Sales Tax Rev. Ref. Green Bonds, Series 2020-A, 5.00% 2024 | 860 | 977 | |
| Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Bonds, Series 2020-C, 5.00% 2029 | 150 | 199 | |
| Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Bonds, Series 2020-RYQ, 5.00% 2033 | 570 | 767 | |
| Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2020-A, 5.00% 2023 | 1,500 | 1,642 | |
| Monterey Peninsula Unified School Dist., G.O. Bonds, 2010 Election, Series 2011-A, Assured Guaranty Municipal insured, 5.75% 2041 (preref. 2021) | 3,500 | 3,500 | |
| Murrieta Valley Unified School Dist., Public Fncg. Auth., Special Tax Rev. Bonds, Series 2016-A, 5.00% 2022 | 1,250 | 1,311 | |
| Oakland Unified School Dist., G.O. Rev. Ref. Bonds, Series 2015, Assured Guaranty Municipal insured, 5.00% 2021 | 1,040 | 1,040 | |
| Public Fin. Auth., Rev. Bonds (Henry Mayo Newhall Memorial Hospital), Series 2021-A, 4.00% 2024 | 45 | 49 | |
| Public Fin. Auth., Rev. Bonds (Henry Mayo Newhall Memorial Hospital), Series 2021-A, 4.00% 2025 | 45 | 51 | |
| Public Fin. Auth., Rev. Bonds (Henry Mayo Newhall Memorial Hospital), Series 2021-A, 4.00% 2026 | 45 | 52 | |
Capital Group Core Municipal Fund — Page 2 of 84
unaudited
| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Public Fin. Auth., Rev. Bonds (Henry Mayo Newhall Memorial Hospital), Series 2021-A, 4.00% 2027 | $45 | $53 | |
| Public Fin. Auth., Rev. Bonds (Henry Mayo Newhall Memorial Hospital), Series 2021-A, 4.00% 2028 | 40 | 48 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2022-A, 5.00% 2028 | 655 | 821 | |
| RNR School Fncg. Auth., Community Facs. Dist. No. 92-1, Special Tax Bonds, Series 2017-A, BAM insured, 5.00% 2028 | 1,000 | 1,218 | |
| County of San Diego, Regional Airport Auth., Airport Rev. Ref. Bonds, Series 2020-B, 5.00% 2022 | 1,000 | 1,045 | |
| County of San Diego, Regional Transportation Commission, Limited Sales Tax Rev. Short-Term Notes, Series 2021-A, 5.00% 2022 | 1,235 | 1,305 | |
| County of San Diego, Water Auth., Water Rev. Ref. Green Bonds, Series 2021-B, 5.00% 2030 | 230 | 314 | |
| City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Ref. Bonds, Series 2016-A-2, 5.00% 2026 | 1,135 | 1,383 | |
| City and County of San Francisco, G.O. Rev. Ref. Bonds, Series 2020-R-2, 5.00% 2023 | 480 | 522 | |
| City and County of San Francisco, G.O. Rev. Ref. Bonds, Series 2020-R-2, 5.00% 2028 | 1,000 | 1,299 | |
| Cities of San Mateo and Foster City, Public Fin. Auth., Wastewater Rev. Notes, Series 2021-B, 5.00% 2025 | 1,385 | 1,648 | |
| City of Santee, Community Facs. Dist. No. 2017-1, Special Tax Bonds (Weston Infrastructure), Series 2019, 5.00% 2022 | 135 | 142 | |
| City of Santee, Community Facs. Dist. No. 2017-1, Special Tax Bonds (Weston Infrastructure), Series 2019, 5.00% 2023 | 160 | 175 | |
| City of Santee, Community Facs. Dist. No. 2017-1, Special Tax Bonds (Weston Infrastructure), Series 2019, 5.00% 2024 | 170 | 194 | |
| Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor Phase II Project), Series 2021-1, 5.00% 2023 | 65 | 71 | |
| Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor Phase II Project), Series 2021-1, 5.00% 2024 | 20 | 23 | |
| Southern California Public Power Auth., Transmission Project Rev. Bonds (Southern Transmission Project), Series 2017-A, 5.00% 2023 | 490 | 536 | |
| Statewide Communities Dev. Auth., Multi Family Housing Rev. Bonds (Villa Del Sol Apartments), Series 2021-A-2, 0.39% 2023 (put 2023) | 280 | 280 | |
| Statewide Communities Dev. Auth., Multi Family Housing Rev. Bonds (Washington Court Apartments), Series 2021-E, 0.22% 2023 (put 2022) | 125 | 125 | |
| Statewide Communities Dev. Auth., Pollution Control Rev. Ref. Bonds (Southern California Edison Co.), Series 2006-D, 2.625% 2033 (put 2023) | 135 | 143 | |
| Statewide Communities Dev. Auth., Rev. Bonds (American Baptist Homes of the West), Series 2013-A, 5.00% 2023 (preref. 2022) | 120 | 127 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Viamonte Senior Living 1 Project), Series 2018-B, 3.00% 2025 | 200 | 200 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Viamonte Senior Living 1 Project), Series 2018-B, 3.00% 2026 | 500 | 501 | |
| Tobacco Securitization Auth. of Northern California, Tobacco Settlement Asset-Backed Rev. Ref. Senior Bonds (Sacramento County Tobacco Securitization Corp.), Series 2021-B-1, 0.45% 2030 | 20 | 21 | |
| Tobacco Securitization Auth. of Southern California, Tobacco Settlement Asset-Backed Rev. Ref. Bonds (San Diego County Tobacco Asset Securitization Corp.), Series 2019-A, 5.00% 2030 | 180 | 238 | |
| Regents of the University of California, General Rev. Bonds, Series 2021-BH, 5.00% 2026 | 75 | 92 | |
| Regents of the University of California, Limited Project Rev. Bonds, Series 2022-S, 5.00% 2026 | 165 | 195 | |
| Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2019-CS, 4.00% 2049 | 850 | 939 | |
| 38,237 | |||
| Colorado 1.61% | |||
| City of Arvada, Mountain Shadows Metropolitan Dist., Limited Tax G.O. Rev. Ref. and Improvement Bonds, Series 2016, 4.00% 2026 | 735 | 782 | |
| Certs. of Part., Series 2021-A, 5.00% 2028 | 495 | 646 | |
| City of Colorado Springs, Utilities System Rev. Ref. Bonds, Series 2020-B, 5.00% 2021 | 75 | 76 | |
| City and County of Denver, Board of Water Commissioners, Water Rev. Bonds, Series 2021-A, 5.00% 2031 | 1,910 | 2,684 | |
| City and County of Denver, Dept. of Aviation, Airport System Rev. Bonds, Series 2019-D, 5.00% 2031 (put 2022) | 1,000 | 1,061 | |
| E-470 Public Highway Auth., Rev. Bonds, Series 2021-B, (USD-SOFR x 0.67 + 0.35%) 0.383% 2039 (put 2024)2 | 285 | 286 | |
| Educational and Cultural Facs. Auth., Rev. Ref. Bonds (Johnson & Wales University Project), Series 2013-B, 5.00% 2023 (escrowed to maturity) | 1,805 | 1,948 | |
Capital Group Core Municipal Fund — Page 3 of 84
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| Bonds, notes & other debt instruments (continued) Colorado (continued) | Principal amount (000) | Value (000) | |
| Health Facs. Auth., Health Facs. Rev. and Rev. Ref. Bonds (Evangelical Lutheran Good Samaritan Society Project), Series 2015-A, 5.00% 2024 (escrowed to maturity) | $1,825 | $2,073 | |
| Health Facs. Auth., Hospital Rev. Bonds (Adventist Health System/Sunbelt Obligated Group), Series 2018-A, 5.00% 2048 | 125 | 154 | |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2018-C, Class I, 4.25% 2048 | 610 | 675 | |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2020-B, Class I, 3.75% 2050 | 920 | 1,017 | |
| Regional Transportation Dist., Private Activity Bonds (Denver Transit Partners Eagle P3 Project), Series 2020-A, 5.00% 2029 | 70 | 90 | |
| Regional Transportation Dist., Private Activity Bonds (Denver Transit Partners Eagle P3 Project), Series 2020-A, 5.00% 2029 | 40 | 52 | |
| Regional Transportation Dist., Private Activity Bonds (Denver Transit Partners Eagle P3 Project), Series 2020-A, 5.00% 2030 | 150 | 197 | |
| Regional Transportation Dist., Private Activity Bonds (Denver Transit Partners Eagle P3 Project), Series 2020-A, 5.00% 2030 | 35 | 47 | |
| Weld County School Dist. RE-5J, G.O. Bonds, Series 2021, 5.00% 2023 | 475 | 529 | |
| 12,317 | |||
| Connecticut 1.18% | |||
| Town of East Hartford, Housing Auth., Multi Family Housing Rev. Bonds (Veterans Terrace Project), Series 2021, 0.25% 2023 (put 2022) | 140 | 140 | |
| Health and Educational Facs. Auth., Rev. Bonds (Yale University Issue), Series 2003-X-2, 0.025% 2037 (put 2024) | 910 | 910 | |
| Health and Educational Facs. Auth., Rev. Bonds (Yale University Issue), Series 2014-A, 1.10% 2048 (put 2023) | 1,105 | 1,121 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-C-1, 4.00% 2044 | 90 | 94 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2016-A-1, 4.00% 2045 | 310 | 327 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2017-A-1, 4.00% 2047 | 2,100 | 2,274 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2017-C-1, 4.00% 2047 | 800 | 865 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2017-D-1, 4.00% 2047 | 170 | 184 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Rev. Ref. Bonds, Series 2015-A, 3.50% 2044 | 95 | 99 | |
| Health and Educational Facs. Auth., Rev. Bonds (Yale University Issue), Series 2015-A, 0.375% 2035 (put 2024) | 2,995 | 3,007 | |
| 9,021 | |||
| Delaware 0.49% | |||
| G.O. Bonds, Series 2019, 5.00% 2028 | 1,000 | 1,287 | |
| G.O. Bonds, Series 2021, 5.00% 2029 | 1,220 | 1,611 | |
| Health Facs. Auth., Rev. Bonds (Beebe Medical Center Project), Series 2018, 5.00% 2022 | 290 | 300 | |
| Health Facs. Auth., Rev. Bonds (Beebe Medical Center Project), Series 2018, 5.00% 2023 | 200 | 215 | |
| Health Facs. Auth., Rev. Bonds (Beebe Medical Center Project), Series 2018, 5.00% 2024 | 300 | 336 | |
| 3,749 | |||
| District of Columbia 0.57% | |||
| G.O. Bonds, Series 2015-A, 5.00% 2032 | 1,800 | 2,111 | |
| Income Tax Secured Rev. Bonds, Series 2011-A, 5.00% 2029 | 235 | 239 | |
| Income Tax Secured Rev. Bonds, Series 2020-A, 5.00% 2032 | 750 | 998 | |
| Income Tax Secured Rev. Bonds, Series 2020-C, 5.00% 2033 | 215 | 286 | |
| Washington Convention and Sports Auth., Dedicated Tax Rev. Ref. Bonds, Series 2018-A, 5.00% 2027 | 600 | 754 | |
| 4,388 | |||
| Florida 6.10% | |||
| County of Brevard, Health Facs. Auth., Rev. Ref. Bonds (Health First, Inc. Project), Series 2014, 5.00% 2022 | 500 | 516 | |
| County of Brevard, Health Facs. Auth., Rev. Ref. Bonds (Health First, Inc. Project), Series 2014, 5.00% 2033 | 130 | 145 | |
| County of Brevard, Housing Fncg. Auth., Multi Family Mortgage Rev. Bonds (Tropical Manor Apartments), Series 2021, 0.25% 2023 (put 2022) | 135 | 135 | |
| Capital Trust Agcy., Multi Family Housing Rev. Bonds (GMF - Stonybrook Apartments), Series 2012-A, 5.50% 2047 (preref. 2022) | 540 | 559 | |
| Central Florida Expressway Auth., Rev. Bonds, Series 2019-B, 5.00% 2030 | 1,000 | 1,318 | |
Capital Group Core Municipal Fund — Page 4 of 84
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| Bonds, notes & other debt instruments (continued) Florida (continued) | Principal amount (000) | Value (000) | |
| Citizens Property Insurance Corp., Personal Lines Account/Commercial Lines Account Secured Bonds, Series 2012-A-1, 5.00% 2022 | $170 | $177 | |
| County of Collier, Water-Sewer Dist., Water and Sewer Rev. Bonds, Series 2021, 5.00% 2030 | 655 | 890 | |
| Connerton West Community Dev. Dist., Improvement Rev. Ref. Bonds, Series 2018-A-1, Assured Guaranty Municipal insured, 3.00% 2026 | 345 | 378 | |
| Connerton West Community Dev. Dist., Improvement Rev. Ref. Bonds, Series 2018-A-1, Assured Guaranty Municipal insured, 3.20% 2027 | 355 | 397 | |
| Connerton West Community Dev. Dist., Improvement Rev. Ref. Bonds, Series 2018-A-1, Assured Guaranty Municipal insured, 3.25% 2028 | 370 | 420 | |
| Board of Education, Public Education Capital Outlay Rev. Ref. Bonds, Series 2021-B, 5.00% 2022 | 1,000 | 1,041 | |
| Board of Education, Public Education Capital Outlay Rev. Ref. Bonds, Series 2019-D, 5.00% 2023 | 120 | 131 | |
| Board of Education, Public Education Capital Outlay Rev. Ref. Bonds, Series 2021-B, 5.00% 2028 | 3,000 | 3,890 | |
| Greater Orlando Aviation Auth., Airport Facs. Rev. Bonds, Series 2016-B, 5.00% 2028 | 750 | 916 | |
| Higher Educational Facs. Fncg. Auth., Educational Facs. Rev. Ref. Bonds (Nova Southeastern University Project), Series 2012-A, 5.00% 2022 (escrowed to maturity) | 1,000 | 1,032 | |
| Higher Educational Facs. Fncg. Auth., Educational Facs. Rev. Ref. Bonds (Nova Southeastern University Project), Series 2016, 5.00% 2026 | 655 | 781 | |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2017-1, 4.00% 2048 | 1,110 | 1,196 | |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2018-1, 4.00% 2049 | 1,105 | 1,206 | |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2018-2, 4.25% 2050 | 1,090 | 1,207 | |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2020-1, 3.50% 2051 | 160 | 178 | |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2021-2, 3.00% 2052 | 735 | 815 | |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds (Special Program), Series 2015-A, 3.50% 2046 | 45 | 46 | |
| Housing Fin. Corp., Multi Family Mortgage Rev. Bonds (Valencia Park Apartments), Series 2021-A, FHA insured, 0.25% 2023 (put 2022) | 630 | 630 | |
| JEA, Electric System Rev. Bonds, Series 2014-A-3, 5.00% 2022 | 600 | 634 | |
| JEA, Electric System Rev. Bonds, Series 2017-B, 5.00% 2026 | 500 | 613 | |
| JEA, Electric System Rev. Bonds, Series 2017-B-3, 5.00% 2026 | 340 | 416 | |
| JEA, Electric System Rev. Bonds, Series 2020-A-3, 5.00% 2030 | 50 | 66 | |
| JEA, Electric System Rev. Bonds, Series 2021-A, 5.00% 2031 | 2,095 | 2,886 | |
| JEA, Electric System Rev. Bonds, Series 2021-A-3, 5.00% 2033 | 625 | 851 | |
| JEA, Water and Sewer System Rev. Bonds, Series 2020-A, 5.00% 2033 | 50 | 66 | |
| County of Manatee, University Park Recreation Dist., Non-Ad Valorem Assessment Bonds, Series 2019, BAM insured, 2.50% 2024 | 280 | 293 | |
| County of Manatee, University Park Recreation Dist., Non-Ad Valorem Assessment Bonds, Series 2019, BAM insured, 2.50% 2025 | 285 | 303 | |
| County of Manatee, University Park Recreation Dist., Non-Ad Valorem Assessment Bonds, Series 2019, BAM insured, 2.50% 2026 | 295 | 317 | |
| County of Manatee, University Park Recreation Dist., Non-Ad Valorem Assessment Bonds, Series 2019, BAM insured, 2.50% 2027 | 300 | 325 | |
| County of Manatee, University Park Recreation Dist., Non-Ad Valorem Assessment Bonds, Series 2019, BAM insured, 2.50% 2028 | 305 | 332 | |
| County of Miami-Dade, Aviation Rev. Ref. Bonds, Series 2020-A, 5.00% 2025 | 1,150 | 1,369 | |
| County of Miami-Dade, Expressway Auth., Toll System Rev. Bonds, Series 2014-A, BAM insured, 5.00% 2026 | 780 | 888 | |
| County of Miami-Dade, Expressway Auth., Toll System Rev. Ref. Bonds, Series 2014-B, BAM insured, 5.00% 2026 | 760 | 865 | |
| County of Miami-Dade, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Platform 3750), Series 2021, 0.25% 2024 (put 2021) | 510 | 511 | |
| County of Miami-Dade, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Sunset Bay Apartments), Series 2021, 0.25% 2023 (put 2022) | 420 | 420 | |
| County of Miami-Dade, Industrial Dev. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. of Florida Project), Series 2007, 0.45% 2027 (put 2021) | 1,885 | 1,887 | |
| County of Miami-Dade, Transit System Sales Surtax Rev. Bonds, Series 2012, 5.00% 2025 (preref. 2022) | 25 | 26 | |
| City of Miami Beach, Health Facs. Auth., Hospital Rev. and Rev. Ref. Bonds (Mount Sinai Medical Center of Florida), Series 2014, 5.00% 2027 | 145 | 165 | |
| Municipal Power Agcy., All-Requirements Power Supply Project Rev. Ref. Bonds, Series 2016-A, 5.00% 2026 | 1,000 | 1,228 | |
Capital Group Core Municipal Fund — Page 5 of 84
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| Bonds, notes & other debt instruments (continued) Florida (continued) | Principal amount (000) | Value (000) | |
| County of Okaloosa, Mid-Bay Bridge Auth., Rev. Bonds, Series 2011-A, 7.25% 2040 (preref. 2021) | $1,000 | $1,012 | |
| County of Orange, Health Facs. Auth., Health Care Facs. Rev. Ref. Bonds (Presbyterian Retirement Communities Project), Series 2016, 5.00% 2031 | 300 | 333 | |
| County of Orange, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Jernigan Gardens), Series 2020-B, 0.35% 2023 (put 2022) | 2,000 | 2,002 | |
| Orlando Utilities Commission, Utility System Rev. Ref. Bonds, Series 2011-B, 5.00% 2021 | 1,130 | 1,139 | |
| Orlando-Orange County Expressway Auth., Rev. Ref. Bonds, Series 2013-A, 5.00% 2032 (preref. 2023) | 1,020 | 1,115 | |
| County of Palm Beach, Health Facs. Auth., Rev. Bonds (Lifespace Communities, Inc.), Series 2015-C, 5.00% 2027 | 300 | 346 | |
| County of Polk, Utility System Rev. and Rev. Ref. Bonds, Series 2013, BAM insured, 5.00% 2043 (preref. 2023) | 185 | 204 | |
| City of Pompano Beach, Rev. Bonds (John Knox Village Project), Series 2015, 5.00% 2023 | 630 | 691 | |
| Counties of St. Johns and Duval, Tolomato Community Dev. Dist., Rev. Ref. Bonds, Series 2018-A-1, Assured Guaranty Municipal insured, 2.625% 2024 | 1,065 | 1,124 | |
| County of St. Johns, Sweetwater Creek Community Dev. Dist., Capital Improvement Rev. Ref. Bonds, Series 2019-A-1, Assured Guaranty Municipal insured, 2.00% 2022 | 340 | 343 | |
| City of South Miami, Health Facs. Auth., Hospital Rev. Ref. Bonds (Baptist Health South Florida Obligated Group), Series 2017, 5.00% 2021 | 500 | 501 | |
| City of South Miami, Health Facs. Auth., Hospital Rev. Ref. Bonds (Baptist Health South Florida Obligated Group), Series 2017, 5.00% 2024 | 500 | 571 | |
| City of Tallahassee, Energy System Rev. Ref. Bonds, Series 2020, 5.00% 2028 | 1,000 | 1,296 | |
| City of Tampa, Hospital Rev. Bonds (H. Lee Moffitt Cancer Center Project), Series 2020-B, 5.00% 2028 | 215 | 275 | |
| City of Tampa, Hospital Rev. Bonds (H. Lee Moffitt Cancer Center Project), Series 2020-B, 5.00% 2029 | 250 | 327 | |
| City of Tampa, Hospital Rev. Bonds (H. Lee Moffitt Cancer Center Project), Series 2020-B, 5.00% 2030 | 260 | 346 | |
| Dept. of Transportation, Right-of-Way Acquisition and Bridge Construction Bonds, Series 2019-B, 5.00% 2028 | 1,000 | 1,295 | |
| Dept. of Transportation Fncg. Corp., Rev. Bonds, Series 2020, 5.00% 2024 | 430 | 490 | |
| University Park Recreation Dist., Non-Ad Valorem Assessment Bonds, Series 2019, BAM insured, 2.625% 2029 | 315 | 347 | |
| City of Winter Garden, Winter Garden Village at Fowler Groves Community Dev. Dist., Special Assessment Rev. Ref. Bonds, Series 2016, 3.00% 2024 | 530 | 548 | |
| 46,770 | |||
| Georgia 1.81% | |||
| County of Appling, Dev. Auth., Pollution Control Rev. Bonds (Oglethorpe Power Corp. Scherer Project), Series 2013-A, 1.50% 2038 (put 2025) | 885 | 910 | |
| City of Atlanta, Urban Residential Fin. Auth., Multi Family Housing Rev. Bonds (Sylvan Hills Senior Apartments Project), Series 2020, 0.41% 2025 (put 2023) | 285 | 286 | |
| County of Burke, Dev. Auth., Pollution Control Rev. Bonds (Georgia Power Co. Plant Vogtle Project), Series 2013, 2.925% 2053 (put 2024) | 600 | 639 | |
| County of Burke, Dev. Auth., Pollution Control Rev. Bonds (Oglethorpe Power Corp. Vogtle Project), Series 2013-A, 1.50% 2040 (put 2025) | 685 | 704 | |
| County of Dekalb, Housing Auth., Multi Family Housing Rev. Bonds (Columbia Village Project), Series 2021-A, 0.34% 2024 (put 2023) | 140 | 140 | |
| G.O. Bonds, Series 2020-A, 5.00% 2023 | 160 | 176 | |
| G.O. Bonds, Series 2020-A, 5.00% 2029 | 1,875 | 2,507 | |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2014-A-1, 4.00% 2044 | 300 | 312 | |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2015-A-1, 3.50% 2045 | 200 | 211 | |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2017-A, 4.00% 2047 | 470 | 506 | |
| Housing Auth., Multi Family Housing Rev. Bonds (Dallas Manor Apartments Project), Series 2021, 0.25% 2024 (put 2023) | 120 | 120 | |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2018-D, (3-month USD-LIBOR x 0.67 + 0.83%) 0.897% 2048 (put 2023)2 | 155 | 156 | |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2019-B, 4.00% 2049 (put 2024) | 980 | 1,091 | |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2019-C, 4.00% 2050 (put 2026) | 1,500 | 1,740 | |
| Metropolitan Atlanta Rapid Transit Auth., Sales Tax Rev. Ref. Bonds (Third Indenture Series), Series 2012-A, 5.00% 2030 (preref. 2022) | 630 | 658 | |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project J Bonds, Series 2021-A, Assured Guaranty Municipal insured, 5.00% 2029 | 495 | 641 | |
Capital Group Core Municipal Fund — Page 6 of 84
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| Bonds, notes & other debt instruments (continued) Georgia (continued) | Principal amount (000) | Value (000) | |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project J Bonds, Series 2021-A, Assured Guaranty Municipal insured, 5.00% 2030 | $430 | $569 | |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project M Bonds, Series 2019-A, 5.00% 2029 | 120 | 153 | |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project M Bonds, Series 2019-A, 5.00% 2030 | 115 | 146 | |
| Municipal Electric Auth., Project One Bonds, Series 2019-A, 5.00% 2024 | 1,000 | 1,113 | |
| Municipal Electric Auth., Project One Bonds, Series 2019-A, 5.00% 2029 | 870 | 1,124 | |
| 13,902 | |||
| Guam 0.06% | |||
| Waterworks Auth., Water and Wastewater System Rev. Bonds, Series 2013, 5.25% 2024 | 450 | 489 | |
| Hawaii 0.18% | |||
| Airports System Rev. Bonds, Series 2018-D, 5.00% 2030 | 1,000 | 1,347 | |
| Idaho 0.14% | |||
| Housing and Fin. Assn., Grant and Rev. Anticipation Bonds (Federal Highway Trust Fund), Series 2015-A, 5.00% 2022 | 1,000 | 1,046 | |
| Illinois 6.82% | |||
| Build Illinois Bonds, Sales Tax Rev. Ref. Bonds, Series 2016-D, 5.00% 2025 | 350 | 408 | |
| Build Illinois Bonds, Sales Tax Rev. Ref. Bonds, Series 2016-C, 4.00% 2026 | 1,000 | 1,154 | |
| City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2023 | 1,100 | 1,215 | |
| City of Chicago, Chicago Midway Airport, Rev. and Rev. Ref. Bonds, Series 2014-B, 5.00% 2028 | 500 | 555 | |
| City of Chicago, G.O. Rev. Ref. Bonds, Series 2020-A, 5.00% 2022 | 400 | 407 | |
| City of Chicago, G.O. Rev. Ref. Bonds, Series 2020-A, 5.00% 2023 | 560 | 596 | |
| City of Chicago, Transit Auth., Capital Grant Receipts Rev. Ref. Bonds (Federal Transit Administration Section 5307 Urbanized Area Formula Funds), Series 2021, 5.00% 2024 | 65 | 74 | |
| City of Chicago, Wastewater Transmission Rev. Bonds, Series 2012, Assured Guaranty Municipal insured, 5.00% 2023 | 500 | 510 | |
| City of Chicago, Wastewater Transmission Rev. Project Bonds, Series 2014, 5.00% 2028 | 385 | 427 | |
| City of Chicago, Water Rev. Bonds, Series 2004, 5.00% 2023 | 200 | 221 | |
| City of Chicago, Water Rev. Ref. Bonds, Series 2004, 5.00% 2021 | 1,895 | 1,917 | |
| City of Chicago, Water Rev. Ref. Bonds, Series 2014, 5.00% 2023 | 200 | 221 | |
| City of Chicago, Water Rev. Ref. Bonds, Series 2017, 5.00% 2028 | 355 | 449 | |
| County of Cook, Community College Dist. No. 508 (City Colleges of Chicago), Unlimited Tax G.O. Bonds, Series 2013, 5.00% 2023 | 200 | 219 | |
| Fin. Auth., Academic Fac. Lease Rev. Bonds (Provident Group - UIUC Properties LLC - University of Illinois at Urbana-Champaign Project), Series 2019-A, 5.00% 2025 | 110 | 130 | |
| Fin. Auth., Academic Fac. Lease Rev. Bonds (Provident Group - UIUC Properties LLC - University of Illinois at Urbana-Champaign Project), Series 2019-A, 5.00% 2027 | 500 | 627 | |
| Fin. Auth., Academic Fac. Lease Rev. Bonds (Provident Group - UIUC Properties LLC - University of Illinois at Urbana-Champaign Project), Series 2019-A, 5.00% 2028 | 400 | 514 | |
| Fin. Auth., Rev. Bonds (Advocate Health Care Network), Series 2008-A-1, 4.00% 2030 | 1,000 | 1,142 | |
| Fin. Auth., Rev. Bonds (Art Institute of Chicago), Series 2016, 5.00% 2025 | 125 | 145 | |
| Fin. Auth., Rev. Bonds (Art Institute of Chicago), Series 2016, 5.00% 2026 | 120 | 144 | |
| Fin. Auth., Rev. Bonds (Clean Water Initiative Revolving Fund), Series 2017, 5.00% 2033 | 500 | 614 | |
| Fin. Auth., Rev. Bonds (Lifespace Communities, Inc.), Series 2015-A, 5.00% 2027 | 590 | 681 | |
| Fin. Auth., Rev. Bonds (Northshore University Heathsystem), Series 2020-A, 5.00% 2029 | 1,000 | 1,319 | |
| Fin. Auth., Rev. Bonds (Northshore University Heathsystem), Series 2020-A, 5.00% 2033 | 280 | 372 | |
| Fin. Auth., Rev. Bonds (OSF Healthcare System), Series 2015-A, 5.00% 2027 | 250 | 295 | |
| Fin. Auth., Rev. Bonds (OSF Healthcare System), Series 2020-B-2, 5.00% 2050 (put 2026) | 105 | 126 | |
Capital Group Core Municipal Fund — Page 7 of 84
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| Bonds, notes & other debt instruments (continued) Illinois (continued) | Principal amount (000) | Value (000) | |
| Fin. Auth., Rev. Bonds (Presbyterian Homes Obligated Group), Series 2016-A, 5.00% 2024 | $310 | $348 | |
| Fin. Auth., Rev. Bonds (Presbyterian Homes Obligated Group), Series 2021-B, (SIFMA Municipal Swap Index + 0.70%) 0.72% 2042 (put 2026)2 | 140 | 140 | |
| Fin. Auth., Rev. Bonds (Presence Health Network), Series 2016-C, 5.00% 2026 | 600 | 726 | |
| Fin. Auth., Rev. Bonds (Presence Health Network), Series 2016-C, 5.00% 2028 | 400 | 496 | |
| Fin. Auth., Rev. Bonds (Rush University Medical Center Obligated Group), Series 2015-A, 5.00% 2021 | 500 | 507 | |
| Fin. Auth., Rev. Bonds (Rush University Medical Center Obligated Group), Series 2015-A, 5.00% 2028 | 1,000 | 1,164 | |
| Fin. Auth., Rev. Bonds (Rush University Medical Center Obligated Group), Series 2015-A, 5.00% 2029 | 500 | 582 | |
| Fin. Auth., Rev. Bonds (The Carle Foundation), Series 2021-A, 5.00% 2029 | 800 | 1,054 | |
| Fin. Auth., Rev. Bonds (The Carle Foundation), Series 2021-A, 5.00% 2030 | 360 | 483 | |
| Fin. Auth., Rev. Bonds (University of Chicago), Series 2021-A, 5.00% 2025 | 270 | 321 | |
| Fin. Auth., Rev. Green Bonds (Clean Water Initiative Revolving Fund), Series 2019, 5.00% 2026 | 1,000 | 1,225 | |
| Fin. Auth., Rev. Ref. Bonds (OSF Healthcare System), Series 2015-A, 5.00% 2026 | 770 | 911 | |
| Fin. Auth., Water Facs. Rev. Ref. Bonds (American Water Capital Corp. Project), Series 2020, 0.70% 2040 (put 2023) | 215 | 216 | |
| G.O. Bonds, Series 2017-D, BAM insured, 5.00% 2021 | 1,150 | 1,164 | |
| G.O. Bonds, Series 2017-A, 5.00% 2021 | 500 | 508 | |
| G.O. Bonds, Series 2016, 5.00% 2022 | 130 | 133 | |
| G.O. Bonds, Series 2014, 5.00% 2022 | 110 | 114 | |
| G.O. Bonds, Series 2020-B, 5.00% 2026 | 1,000 | 1,214 | |
| G.O. Bonds, Series 2017-D, 5.00% 2027 | 205 | 255 | |
| G.O. Bonds, Series 2020-B, 5.00% 2029 | 2,090 | 2,700 | |
| G.O. Rev. Ref. Bonds, Series 2012, 5.00% 2021 | 1,010 | 1,010 | |
| G.O. Rev. Ref. Bonds, Series 2018-A, 5.00% 2021 | 45 | 45 | |
| G.O. Rev. Ref. Bonds, Series 2016, 5.00% 2022 | 215 | 220 | |
| Housing Dev. Auth., Multi Family Housing Rev. Bonds (Concord Commons), Series 2021, 0.25% 2024 (put 2023) | 810 | 811 | |
| Housing Dev. Auth., Multi Family Housing Rev. Notes (Marshall Field Garden Apartment Homes), Series 2015, (SIFMA Municipal Swap Index + 1.00%) 1.02% 2050 (put 2025)2 | 2,000 | 2,046 | |
| Housing Dev. Auth., Rev. Bonds, Series 2019-A, 4.25% 2049 | 1,605 | 1,790 | |
| Board of Trustees of Illinois State University, Auxiliary Facs. System Rev. Bonds, Series 2016, Assured Guaranty Municipal insured, 5.00% 2022 | 1,465 | 1,511 | |
| Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, Series 2017-B, 5.00% 2025 | 225 | 267 | |
| Municipal Electric Agcy., Power Supply System Rev. Ref. Bonds, Series 2015-A, 5.00% 2027 | 1,000 | 1,180 | |
| Railsplitter Tobacco Settlement Auth., Tobacco Settlement Rev. Bonds, Series 2017, 5.00% 2023 | 620 | 675 | |
| Sales Tax Securitization Corp., Sales Tax Rev. Ref. Bonds, Series 2017-A, 5.00% 2024 | 1,000 | 1,111 | |
| Sales Tax Securitization Corp., Sales Tax Securitization Bonds, Series 2020-A, BAM insured, 5.00% 2027 | 1,000 | 1,230 | |
| Sales Tax Securitization Corp., Sales Tax Securitization Rev. Ref. Bonds, Series 2017-A, 5.00% 2023 | 2,000 | 2,126 | |
| Toll Highway Auth., Toll Highway Rev. Bonds, Series 2019-C, 5.00% 2025 | 1,180 | 1,366 | |
| Toll Highway Auth., Toll Highway Rev. Bonds, Series 2015-A, 5.00% 2027 | 1,250 | 1,473 | |
| Toll Highway Auth., Toll Highway Rev. Bonds, Series 2015-A, 5.00% 2028 | 1,110 | 1,305 | |
| Toll Highway Auth., Toll Highway Rev. Bonds, Series 2019-C, 5.00% 2029 | 440 | 575 | |
| Toll Highway Auth., Toll Highway Rev. Ref. Bonds, Series 2019-A, 5.00% 2024 | 500 | 557 | |
| Toll Highway Auth., Toll Highway Rev. Ref. Bonds, Series 2019-A, 5.00% 2025 | 740 | 857 | |
| Toll Highway Auth., Toll Highway Rev. Ref. Bonds, Series 2019-A, 5.00% 2028 | 635 | 807 | |
| Board of Trustees of the University of Illinois, Auxiliary Facs. System Rev. Bonds, Series 2018-A, 5.00% 2025 | 135 | 158 | |
| Board of Trustees of the University of Illinois, Auxiliary Facs. System Rev. Bonds, Series 2020-A, 5.00% 2028 | 1,000 | 1,271 | |
| Board of Trustees of the University of Illinois, Auxiliary Facs. System Rev. Ref. Bonds, Series 2005-A, National insured, 5.50% 2023 | 500 | 545 | |
| Board of Trustees of the University of Illinois, Auxiliary Facs. System Rev. Ref. Bonds, Series 2015-A, 5.00% 2026 | 500 | 580 | |
| Board of Trustees of the University of Illinois, Rev. Ref. Certs. of Part., Series 2008-A, Assured Guaranty Municipal insured, 5.25% 2024 | 30 | 30 | |
| 52,289 | |||
Capital Group Core Municipal Fund — Page 8 of 84
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| Bonds, notes & other debt instruments (continued) Indiana 1.29% | Principal amount (000) | Value (000) | |
| Bond Bank, Special Program Gas Rev. Bonds, Series 2007-A, 5.25% 2021 | $285 | $288 | |
| Fin. Auth., Health System Rev. Bonds (Indiana University Health), Series 2019-C, 5.00% 2022 | 140 | 149 | |
| Fin. Auth., Hospital Rev. Bonds (Community Health Network Project), Series 2012-A, 5.00% 2042 (preref. 2023) | 1,165 | 1,265 | |
| Fin. Auth., Rev. Bonds (Community Foundation of Northwest Indiana Obligated Group), Series 2012, 5.00% 2030 (preref. 2022) | 515 | 530 | |
| Fin. Auth., State Revolving Fund Program Green Bonds, Series 2019-E, 5.00% 2022 | 750 | 768 | |
| Fin. Auth., Wastewater Utility Rev. Ref. Bonds, Series 2021-2, 5.00% 2022 | 130 | 137 | |
| Fin. Auth., Wastewater Utility Rev. Ref. Bonds, Series 2021-1, 5.00% 2023 | 275 | 304 | |
| Fin. Auth., Wastewater Utility Rev. Ref. Bonds, Series 2021-2, 5.00% 2023 | 85 | 94 | |
| Fin. Auth., Wastewater Utility Rev. Ref. Bonds, Series 2021-2, 5.00% 2027 | 335 | 424 | |
| City of Franklin, Econ. Dev. and Rev. Ref. Bonds (Otterbein Homes Obligated Group), Series 2019-B, 5.00% 2023 | 30 | 33 | |
| Health Fac. Fncg. Auth., Rev. Bonds (Ascension Health Subordinate Credit Group), Series 2005-A-1, 4.00% 2023 | 80 | 87 | |
| Housing and Community Dev. Auth., Collateralized Rev. Bonds (RD Moving Forward Justus Project), Series 2021, 0.33% 2024 (put 2023) | 710 | 711 | |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2019-A, 4.25% 2048 | 1,825 | 2,024 | |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2020-A, 3.75% 2049 | 160 | 178 | |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2021-B, 3.00% 2050 | 110 | 121 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds, Series 2021-A, 5.00% 2026 | 390 | 467 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series 2019-I-2, 5.00% 2026 | 340 | 409 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series 2019-I-2, 5.00% 2027 | 330 | 409 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series 2019-I-2, 5.00% 2028 | 435 | 554 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series 2019-I-2, 5.00% 2029 | 265 | 346 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series 2019-I-2, 5.00% 2030 | 435 | 580 | |
| 9,878 | |||
| Iowa 0.38% | |||
| Fin. Auth., Rev. Bonds (Lifespace Communities, Inc.), Series 2019-A-2, 2.875% 2049 | 50 | 50 | |
| Fin. Auth., Single Family Mortgage Bonds (Mortgage-Backed Securities Program), Series 2019-A, 4.00% 2047 | 860 | 979 | |
| Fin. Auth., Single Family Mortgage Bonds (Mortgage-Backed Securities Program), Series 2019-D, 3.50% 2049 | 25 | 28 | |
| PEFA, Inc., Gas Project Rev. Bonds, Series 2019, 5.00% 2049 (put 2026) | 1,000 | 1,209 | |
| Tobacco Settlement Auth., Tobacco Settlement Asset-Backed Bonds, Series 2021-A-2, 5.00% 2031 | 320 | 438 | |
| Tobacco Settlement Auth., Tobacco Settlement Asset-Backed Bonds, Series 2021-A-2, 5.00% 2033 | 135 | 183 | |
| 2,887 | |||
| Kansas 0.15% | |||
| Turnpike Auth., Rev. Ref. Bonds, Series 2020-A, 3.00% 2025 | 950 | 1,055 | |
| Unified Government of Wyandotte County, Board of Public Utilities, Utility System Improvement Rev. Bonds, Series 2012-B, 5.00% 2026 (preref. 2022) | 110 | 116 | |
| 1,171 | |||
| Kentucky 0.96% | |||
| County of Carroll, Environmental Facs. Rev. Bonds, Series 2008-A, 2.00% 2032 | 725 | 760 | |
| Econ. Dev. Fin. Auth., Health System Rev. Bonds (Norton Healthcare, Inc.), Capital Appreciation Bonds, Series 2000-B, National insured, 0% 2027 | 1,000 | 902 | |
| Housing Corp., Multi Family Housing Rev. Bonds (Cambridge Square Project), Series 2021, 0.30% 2024 (put 2024) | 365 | 366 | |
| Housing Corp., Multi Family Housing Rev. Bonds (New Hope Properties Portfolio Project), Series 2021, 0.41% 2024 (put 2023) | 1,575 | 1,582 | |
| Housing Corp., Multi Family Housing Rev. Bonds (Winterwood II Rural Housing Portfolio), Series 2021, 0.37% 2024 (put 2023) | 635 | 637 | |
Capital Group Core Municipal Fund — Page 9 of 84
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| Bonds, notes & other debt instruments (continued) Kentucky (continued) | Principal amount (000) | Value (000) | |
| County of Owen, Water Facs. Rev. Ref. Bonds (Kentucky - American Water Co. Project), Series 2019, 2.45% 2039 (put 2029) | $750 | $815 | |
| Property and Buildings Commission, Commonwealth Rev. Ref. Bonds (Project No. 125), Series 2021-A, 5.00% 2022 | 170 | 179 | |
| Public Energy Auth., Gas Supply Rev. Bonds, Series 2018-A, 4.00% 2048 (put 2024) | 410 | 447 | |
| Public Energy Auth., Gas Supply Rev. Bonds, Series 2019-A-1, 4.00% 2049 (put 2025) | 1,180 | 1,328 | |
| Public Energy Auth., Gas Supply Rev. Bonds, Series 2018-B, 4.00% 2049 (put 2025) | 185 | 206 | |
| County of Warren, Hospital Rev. Ref. Bonds (Bowling Green - Warren County Community Hospital Corp.), Series 2021-A, 5.00% 2022 | 135 | 139 | |
| 7,361 | |||
| Louisiana 2.13% | |||
| Parish of East Baton Rouge, Road and Street Improvement Sales Tax Rev. Ref. Bonds, Series 2020, Assured Guaranty Municipal insured, 5.00% 2022 | 85 | 89 | |
| Parish of East Baton Rouge, Road and Street Improvement Sales Tax Rev. Ref. Bonds, Series 2020, Assured Guaranty Municipal insured, 5.00% 2026 | 1,250 | 1,527 | |
| Parish of East Baton Rouge, Sewerage Commission, Multi Modal Rev. Ref. Bonds, Series 2021-A, 5.00% 2023 | 25 | 27 | |
| Parish of East Baton Rouge, Sewerage Commission, Multi Modal Rev. Ref. Bonds, Series 2021-A, 5.00% 2024 | 25 | 28 | |
| Parish of East Baton Rouge, Sewerage Commission, Multi Modal Rev. Ref. Bonds, Series 2021-A, 5.00% 2025 | 40 | 46 | |
| Parish of East Baton Rouge, Sewerage Commission, Multi Modal Rev. Ref. Bonds, Series 2021-A, 1.30% 2041 (put 2028) | 1,270 | 1,311 | |
| Parish of East Baton Rouge, Sewerage Commission, Rev. Ref. Bonds, Series 2020-A, 5.00% 2026 | 1,135 | 1,362 | |
| Gasoline and Fuels Tax Rev. Ref. Bonds, Series 2017-D-1, 0.60% 2043 (put 2023) | 2,000 | 2,003 | |
| Grant Anticipation Rev. Bonds, Series 2021, 5.00% 2023 | 335 | 369 | |
| Housing Corp., Multi Family Housing Rev. Bonds (Arbours at Lafayette Project), Series 2021, 0.35% 2024 (put 2023) | 375 | 376 | |
| Housing Corp., Multi Family Housing Rev. Bonds (Mabry Place Townhomes Project), Series 2021, 0.31% 2024 (put 2023) | 215 | 215 | |
| Housing Corp., Single Family Mortgage Rev. Bonds (Home Ownership Program), Series 2021-B, 3.00% 2051 | 755 | 832 | |
| Parish of Jefferson, Sales Tax Rev. Ref. Bonds, Series 2019-B, Assured Guaranty Municipal insured, 5.00% 2027 | 1,000 | 1,266 | |
| Local Government Environmental Facs. and Community Dev. Auth., Rev. Ref. Bonds (Entergy Louisiana, LLC Projects), Series 2021-A, 2.00% 2030 | 105 | 108 | |
| Louisiana Stadium and Exposition Dist., Rev. Ref. Bonds, Series 2013-A, 5.00% 2022 | 1,500 | 1,566 | |
| Offshore Terminal Auth., Deepwater Port Rev. Bonds (Loop LLC Project), Series 2007-A, 1.65% 2027 (put 2023) | 905 | 920 | |
| Public Facs. Auth., Hospital Rev. Ref. Bonds (Lafayette General Health System Project), Series 2016-A, 5.00% 2041 (preref. 2025) | 1,000 | 1,199 | |
| Parish of St. Charles, Gulf Opportunity Zone Rev. Bonds (Valero Project), Series 2010, 4.00% 2040 (put 2022) | 2,000 | 2,061 | |
| Parish of St. John the Baptist, Rev. Ref. Bonds (Marathon Oil Corp. Project), Series 2017-B-1, 2.125% 2037 (put 2024) | 285 | 296 | |
| City of Shreveport, Water and Sewer Rev. Bonds, Series 2019-B, Assured Guaranty Municipal insured, 3.00% 2022 | 115 | 119 | |
| City of Shreveport, Water and Sewer Rev. Bonds, Series 2019-B, Assured Guaranty Municipal insured, 4.00% 2023 | 105 | 114 | |
| City of Shreveport, Water and Sewer Rev. Bonds, Series 2019-B, Assured Guaranty Municipal insured, 5.00% 2024 | 80 | 92 | |
| City of Shreveport, Water and Sewer Rev. Bonds, Series 2019-B, Assured Guaranty Municipal insured, 4.00% 2025 | 145 | 165 | |
| City of Shreveport, Water and Sewer Rev. Bonds, Series 2019-B, Assured Guaranty Municipal insured, 5.00% 2026 | 140 | 172 | |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Asset-Backed Rev. Ref. Bonds, Series 2013-A, 5.00% 2023 | 90 | 98 | |
| 16,361 | |||
Capital Group Core Municipal Fund — Page 10 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Maine 0.13% | Principal amount (000) | Value (000) | |
| Housing Auth., Mortgage Purchase Bonds, Series 2017-A, 4.00% 2047 | $355 | $381 | |
| Municipal Bond Bank, Grant Anticipation Bonds, Series 2018-A, 5.00% 2026 | 500 | 614 | |
| 995 | |||
| Maryland 1.11% | |||
| Community Dev. Administration, Dept. of Housing and Community Dev., Multi Family Housing Dev. Rev. Bonds (Somerset Extension), Series 2019-H, 1.795% 2022 | 215 | 216 | |
| Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2014-C, 4.00% 2044 | 280 | 295 | |
| Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2018-A, 4.50% 2048 | 1,915 | 2,160 | |
| Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2021-B, 3.00% 2051 | 2,130 | 2,358 | |
| County of Montgomery, Housing Opportunities Commission, Single Family Housing Rev. Bonds, Series 2017-A, 4.00% 2048 | 565 | 615 | |
| County of Montgomery, Housing Opportunities Commission, Single Family Housing Rev. Bonds, Series 2018-A, 4.00% 2049 | 1,510 | 1,654 | |
| County of Prince George, Certs. of Part. (Behavioral Health Fac. and Capital Equipment), Series 2021, 5.00% 2024 | 165 | 190 | |
| County of Prince George, G.O. Consolidated Public Improvement Bonds, Series 2011-A, 5.00% 2026 (preref. 2021) | 35 | 35 | |
| Transportation Auth., Transportation Facs. Projects Rev. Bonds, Series 2020. 5.00% 2033 | 745 | 998 | |
| 8,521 | |||
| Massachusetts 0.73% | |||
| Dev. Fin. Agcy., Multi Family Housing Rev. Bonds (Salem Heights II Preservation Associates LP Issue), Series 2021-B, 0.25% 2024 (put 2023) | 180 | 180 | |
| Dev. Fin. Agcy., Rev. Bonds (Mass General Brigham Issue), Series 2020-A-2, 5.00% 2023 | 1,350 | 1,477 | |
| Dev. Fin. Agcy., Rev. Bonds (Partners HealthCare System Issue), Series 2017-S, 5.00% 2024 | 1,000 | 1,140 | |
| Dev. Fin. Agcy., Rev. Bonds (Williams College Issue), Series 2011-N, 0.45% 2041 (put 2025) | 150 | 150 | |
| Dev. Fin. Agcy., Rev. Ref. Bonds (Berkshire Health Systems Issue), Series 2021-I, 5.00% 2024 | 615 | 707 | |
| Housing Fin. Agcy., Housing Green Bonds, Series 2021-A-2, 0.30% 2023 | 50 | 50 | |
| Housing Fin. Agcy., Housing Green Bonds, Series 2021-A-2, 0.40% 2024 | 65 | 65 | |
| Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 169, 4.00% 2044 | 165 | 171 | |
| Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 172, 4.00% 2045 | 310 | 325 | |
| Transportation Fund Rev. Ref. Bonds, Series 2021-A, 5.00% 2029 | 1,000 | 1,325 | |
| 5,590 | |||
| Michigan 2.73% | |||
| City of Detroit, Water and Sewerage Dept., Sewage Disposal System Rev. and Rev. Ref. Bonds, Series 2012-A, 5.00% 2032 (preref. 2022) | 185 | 193 | |
| Fin. Auth., Hospital Rev. and Rev. Ref. Bonds (Trinity Health Credit Group), Series 2017-A, 5.00% 2047 (preref. 2022) | 2,555 | 2,723 | |
| Fin. Auth., Hospital Rev. Ref. Bonds (Henry Ford Health System), Series 2016, 5.00% 2026 | 1,500 | 1,848 | |
| Fin. Auth., Hospital Rev. Ref. Bonds (McLaren Health Care), Series 2015-D-1, 0.15% 2021 | 95 | 95 | |
| Fin. Auth., Hospital Rev. Ref. Bonds (McLaren Health Care), Series 2015-D-1, 0.25% 2022 | 40 | 40 | |
| Fin. Auth., Local Government Loan Program Rev. Bonds (Detroit Water and Sewerage Dept., Sewage Disposal System Rev. Ref. Local Project Bonds), Series 2015-C, 5.00% 2027 | 250 | 295 | |
| Fin. Auth., Tobacco Settlement Asset-Backed Bonds, Series 2020-A-1, 5.00% 2026 | 105 | 127 | |
| Fin. Auth., Tobacco Settlement Asset-Backed Bonds, Series 2020-A, 5.00% 2028 | 1,000 | 1,280 | |
| Fin. Auth., Tobacco Settlement Asset-Backed Bonds, Series 2020-A-1, 5.00% 2029 | 205 | 268 | |
| Great Lakes Water Auth., Water Supply System Rev. Bonds, Series 2020-B, 5.00% 2032 | 500 | 664 | |
| Hospital Fin. Auth., Hospital Rev. Bonds (Trinity Health Credit Group), Series 2009-B, 5.00% 2048 (preref. 2022) | 615 | 640 | |
| Hospital Fin. Auth., Hospital Rev. Ref. Bonds (Trinity Health Credit Group), Series 2008-C, 5.00% 2021 | 650 | 661 | |
| Hospital Fin. Auth., Hospital Rev. Ref. Bonds (Trinity Health Credit Group), Series 2008-C, 5.00% 2022 | 475 | 506 | |
Capital Group Core Municipal Fund — Page 11 of 84
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| Bonds, notes & other debt instruments (continued) Michigan (continued) | Principal amount (000) | Value (000) | |
| Hospital Fin. Auth., Hospital Rev. Ref. Bonds (Trinity Health Credit Group), Series 2012-C, 5.00% 2026 (preref. 2022) | $400 | $416 | |
| Housing Dev. Auth., Multi Family Housing Rev. Bonds, Series 2020, 0.32% 2023 (put 2022) | 1,000 | 1,003 | |
| Housing Dev. Auth., Rental Housing Rev. Bonds, Series 2019-A-1, 1.50% 2022 | 1,250 | 1,253 | |
| Housing Dev. Auth., Rental Housing Rev. Bonds, Series 2021-A, 0.55% 2025 | 185 | 185 | |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2016-B, 3.50% 2047 | 475 | 508 | |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2017-B, 3.50% 2048 | 270 | 291 | |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2018-A, 4.00% 2048 | 635 | 696 | |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2018-C, 4.25% 2049 | 1,750 | 1,942 | |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2019-A, 4.25% 2049 | 850 | 950 | |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2020-A, 3.50% 2050 | 970 | 1,077 | |
| Board of Trustees of Michigan State University, Rev. Bonds, Series 2019-B, 5.00% 2023 | 300 | 323 | |
| Board of Trustees of Michigan State University, Rev. Bonds, Series 2019-B, 5.00% 2030 | 700 | 911 | |
| County of Monroe, Econ. Dev. Corp., Limited Obligation Rev. Ref. Bonds (Detroit Edison Co. Project), Series 1992-AA, National insured, 6.95% 2022 | 1,000 | 1,072 | |
| Strategic Fund, Limited Obligation Rev. Ref. Bonds (Detroit Edison Co. Exempt Facs. Project), Series 1995-CC, 1.45% 2030 (put 2021) | 1,000 | 1,001 | |
| 20,968 | |||
| Minnesota 1.53% | |||
| City of Hopkins, Multi Family Housing Rev. Bonds (Raspberry Ridge Project), Series 2021, 0.26% 2024 (put 2023) | 535 | 535 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-B, 4.00% 2038 | 280 | 299 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2015-B, 3.50% 2046 | 715 | 764 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2017-B, 4.00% 2047 | 585 | 633 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2018-B, 4.00% 2048 | 400 | 437 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2017-E, 4.00% 2048 | 320 | 351 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2018-E, 4.25% 2049 | 1,755 | 1,961 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2019-B, 4.25% 2049 | 815 | 915 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2020-E, 3.50% 2050 | 300 | 333 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2021-B, 3.00% 2051 | 535 | 589 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2021-D, 3.00% 2052 | 1,215 | 1,342 | |
| City of Mahtomedi, Multi Family Housing Rev. Bonds (Lincoln Place / Vadnais Highlands Projects), Series 2021, 0.25% 2023 (put 2022) | 300 | 300 | |
| City of Rochester, Health Care Facs. Rev. Bonds (Mayo Clinic), Series 2011-C, 4.50% 2038 (put 2021) | 1,000 | 1,012 | |
| Regents of the University of Minnesota, G.O. Bonds, Series 2011-D, 5.00% 2029 (preref. 2021) | 1,265 | 1,286 | |
| Regents of the University of Minnesota, G.O. Rev. Ref. Bonds, Series 2017B, 5.00% 2021 | 960 | 976 | |
| 11,733 | |||
| Mississippi 0.56% | |||
| Gaming Tax Rev. Bonds, Series 2019-A, 5.00% 2023 | 850 | 937 | |
| Gaming Tax Rev. Ref. Bonds, Series 2015-E, 5.00% 2026 | 500 | 591 | |
| Home Corp., Collateralized Multi Family Housing Bonds (J&A Dev. Portfolio Project I), Series 2021-1, 0.30% 2024 (put 2023) | 230 | 230 | |
| Home Corp., Single Family Mortgage Rev. Bonds, Series 2019-A, 4.00% 2048 | 675 | 745 | |
| Hospital Equipment and Facs. Auth., Rev. Bonds (Baptist Memorial Health Care), Series 2015-A, 5.00% 2021 | 1,760 | 1,766 | |
| 4,269 | |||
| Missouri 1.13% | |||
| Health and Educational Facs. Auth., Health Facs. Rev. Bonds (BJC Health System), Series 2021-B, 5.00% 2052 (put 2028) | 2,360 | 3,014 | |
| Health and Educational Facs. Auth., Health Facs. Rev. Bonds (Saint Luke’s Health System, Inc.), Series 2016, 5.00% 2026 | 1,435 | 1,738 | |
| Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), Series 2016-B, 3.50% 2041 | 1,455 | 1,534 | |
Capital Group Core Municipal Fund — Page 12 of 84
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| Bonds, notes & other debt instruments (continued) Missouri (continued) | Principal amount (000) | Value (000) | |
| Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), Series 2017-B, 3.25% 2047 | $320 | $342 | |
| Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), Series 2020-A, 3.50% 2050 | 575 | 636 | |
| Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), Series 2021-A, 3.00% 2052 | 600 | 661 | |
| Housing Dev. Commission, Single Family Mortgage Rev. Bonds (Special Homeownership Loan Program), Series 2015-A, 3.75% 2038 | 105 | 112 | |
| City of St. Louis, Airport Rev. Ref. Bonds (Lambert-St. Louis International Airport), Series 2019-C, 5.00% 2031 | 500 | 647 | |
| 8,684 | |||
| Montana 0.02% | |||
| Board of Housing, Single Family Mortgage Bonds, Series 2016-A-2, 3.50% 2044 | 120 | 128 | |
| Nebraska 0.76% | |||
| Central Plains Energy Project, Gas Project Rev. Bonds (Project No. 3), Series 2012, 5.00% 2032 (preref. 2022) | 1,190 | 1,251 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-A, 3.00% 2043 | 15 | 15 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2014-A, 4.00% 2044 | 125 | 132 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2015-C, 3.50% 2045 | 320 | 333 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2016-C, 3.50% 2046 | 100 | 101 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2018-C, 4.00% 2048 | 1,830 | 2,007 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2018-A, 4.00% 2048 | 680 | 744 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2021-C, 3.00% 2050 | 1,120 | 1,239 | |
| 5,822 | |||
| Nevada 1.19% | |||
| Clark County School Dist., Limited Tax G.O. Building and Rev. Ref. Bonds, Series 2017-C, 5.00% 2027 | 750 | 935 | |
| Clark County School Dist., Limited Tax G.O. School Bonds, Series 2015-D, 5.00% 2022 | 500 | 522 | |
| County of Clark, Airport System Rev. Ref. Bonds (McCarran International Airport), Series 2021-A, 5.00% 2033 | 760 | 1,032 | |
| County of Clark, Airport System Rev. Ref. Bonds., Series 2019-D, 5.00% 2024 | 2,000 | 2,281 | |
| County of Clark, Las Vegas-McCarran International Airport, Passenger Fac. Charge Rev. Ref. Bonds, Series 2019-E, 5.00% 2029 | 770 | 1,019 | |
| County of Clark, Pollution Control Rev. Ref. Bonds (Nevada Power Co. Projects), Series 2017, 1.65% 2036 (put 2023) | 1,355 | 1,386 | |
| City of Henderson, Local Improvement Dist. No. T-17 (Madeira Canyon), Limited Obligation Rev. Ref. Bonds, Series 2017, 2.00% 2023 | 445 | 456 | |
| Housing Division, Multi Unit Housing Rev. Bonds (Pinewood Terrace Apartments), Series 2021, 0.26% 2024 (put 2022) | 245 | 245 | |
| Las Vegas Valley Water Dist., Limited Tax G.O. Water Improvement and Rev. Ref. Bonds, Series 2016-A, 5.00% 2027 | 450 | 548 | |
| Las Vegas Valley Water Dist., Limited Tax G.O. Water Rev. Ref. Bonds, Series 2020-A, 5.00% 2024 | 595 | 677 | |
| County of Washoe, Gas and Water Facs. Rev. Ref. Bonds (Sierra Pacific Power Co. Projects), Series 2016-B, 3.00% 2036 (put 2022) | 10 | 10 | |
| 9,111 | |||
| New Hampshire 0.29% | |||
| Health and Education Facs. Auth., Rev. Bonds (Southern New Hampshire University), Series 2012, 4.00% 2022 (escrowed to maturity) | 575 | 584 | |
| Health and Education Facs. Auth., Rev. Bonds (Southern New Hampshire University), Series 2017, 5.00% 2022 (escrowed to maturity) | 320 | 327 | |
| Health and Education Facs. Auth., Rev. Bonds (University System of New Hampshire Issue), Series 2017-A, 5.00% 2022 | 500 | 522 | |
Capital Group Core Municipal Fund — Page 13 of 84
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| Bonds, notes & other debt instruments (continued) New Hampshire (continued) | Principal amount (000) | Value (000) | |
| Health and Education Facs. Auth., Rev. Bonds (University System of New Hampshire Issue), Series 2017-A, 5.00% 2023 | $600 | $655 | |
| National Fin. Auth., Municipal Certs., Series 2020-1, Class A, 4.125% 2034 | 98 | 119 | |
| 2,207 | |||
| New Jersey 1.17% | |||
| Atlantic City, Tax Appeal Rev. Ref. Bonds, Series 2017-A, BAM insured, 5.00% 2022 | 200 | 205 | |
| Econ. Dev. Auth., School Facs. Construction Bonds, Series 2021-QQQ, 5.00% 2029 | 500 | 645 | |
| Econ. Dev. Auth., Water Facs. Rev. Ref. Bonds (American Water Co., Inc. Project), Series 2020-A, 1.00% 2023 | 2,025 | 2,052 | |
| Garden State Preservation Trust, Open Space and Farmland Preservation Rev. Ref. Bonds, Series 2012-A, 5.00% 2021 | 200 | 202 | |
| Housing and Mortgage Fin. Agcy., Multi Family Conduit Rev. Bonds (Pilgrim Baptist Village I & II), Series 2019-E, 1.50% 2022 (put 2021) | 630 | 631 | |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2018-A, 4.50% 2048 | 375 | 422 | |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2019-C, 4.75% 2050 | 220 | 249 | |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Bonds, Series 2018-A, 5.00% 2022 | 1,185 | 1,232 | |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Bonds, Series 2018-A, 5.00% 2023 | 500 | 544 | |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Bonds, Series 2018-A, 5.00% 2029 | 225 | 287 | |
| Transit Corp., Grant Anticipation Notes (Federal Transit Administration Section 5307 Urbanized Area Formula Funds), Series 2014-A, 5.00% 2021 | 1,000 | 1,005 | |
| Transportation Trust Fund Auth., Transportation System Bonds, Series 2019-A, 5.00% 2028 | 750 | 959 | |
| Turnpike Auth., Turnpike Rev. Bonds, Series 2020-D, 5.00% 2028 | 240 | 291 | |
| Turnpike Auth., Turnpike Rev. Bonds, Series 2014-A, 5.00% 2028 | 230 | 261 | |
| 8,985 | |||
| New Mexico 1.29% | |||
| Albuquerque Municipal School Dist. No. 12, G.O. School Bonds, Series 2021-A, 5.00% 2027 | 400 | 501 | |
| City of Farmington, Pollution Control Rev. Ref. Bonds (Public Service Co. of San Juan Project), Series 2010-D, 1.10% 2040 (put 2023) | 500 | 508 | |
| City of Farmington, Pollution Control Rev. Ref. Bonds (Public Service Co. of San Juan Project), Series 2010-E, 1.15% 2040 (put 2024) | 2,615 | 2,670 | |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2018-B-1, Class I, 4.00% 2049 | 840 | 926 | |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2019-C-1, Class I, 4.00% 2050 | 140 | 156 | |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2019-A-1, Class I, 4.25% 2050 | 2,450 | 2,740 | |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2021-A, Class I, 3.00% 2052 | 865 | 954 | |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2021-C, Class I, 3.00% 2052 | 260 | 288 | |
| Municipal Energy Acquisition Auth., Gas Supply Rev. Ref. and Acquisition Bonds, Series 2019, 5.00% 2039 (put 2025) | 960 | 1,116 | |
| 9,859 | |||
| New York 8.20% | |||
| Build NYC Resource Corp., Rev. Ref. Bonds (Ethical Culture Fieldston School Project), Series 2015, 5.00% 2024 | 395 | 446 | |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2017-A, 5.00% 2022 | 200 | 205 | |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2019-A, 5.00% 2028 | 1,000 | 1,287 | |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2020-A, 5.00% 2030 | 2,000 | 2,699 | |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2017-B, 5.00% 2030 | 1,500 | 1,889 | |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2019-D, 5.00% 2030 | 605 | 815 | |
| Dormitory Auth., State Sales Tax Rev. Bonds, Series 2014-A, 5.00% 2022 | 200 | 206 | |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2018-H, 2.75% 2022 | 660 | 681 | |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2019-P, 1.55% 2023 | 705 | 709 | |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2020-E, 0.85% 2024 | 345 | 346 | |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2020-L-2, 0.75% 2025 | 1,500 | 1,503 | |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2020-M-2, 0.75% 2025 | 275 | 275 | |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2021-D-2, 0.65% 2056 (put 2025) | 690 | 692 | |
Capital Group Core Municipal Fund — Page 14 of 84
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| Bonds, notes & other debt instruments (continued) New York (continued) | Principal amount (000) | Value (000) | |
| Long Island Power Auth., Electric System General Rev. Bonds, Series 2014-C, (1-month USD-LIBOR x 0.70 + 0.75%) 0.82% 2033 (put 2023)2 | $1,000 | $1,003 | |
| Long Island Power Auth., Electric System General Rev. Bonds, Series 2015-C, (1-month USD-LIBOR x 0.70 + 0.75%) 0.82% 2033 (put 2023)2 | 840 | 843 | |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2014-C, 5.00% 2023 | 375 | 415 | |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2012-C, 5.00% 2032 (preref. 2022) | 1,000 | 1,063 | |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2014-D-2, (SIFMA Municipal Swap Index + 0.45%) 0.47% 2044 (put 2022)2 | 750 | 747 | |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2015-A-2, 5.00% 2045 (put 2030) | 2,180 | 2,871 | |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2012-C, 5.00% 2047 (preref. 2022) | 1,100 | 1,170 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2002-D-2-B, Assured Guaranty Municipal insured, (USD-SOFR x 0.67 + 0.55%) 0.583% 2032 (put 2024)2 | 880 | 886 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2002-D-2-A-2, Assured Guaranty Municipal insured, (USD-SOFR x 0.67 + 0.80%) 0.833% 2032 (put 2026)2 | 315 | 321 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2017-B, 5.00% 2023 | 1,000 | 1,106 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2017-C-1, 5.00% 2023 | 305 | 337 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2017-C-1, 5.00% 2024 | 165 | 190 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2017-C-1, 5.00% 2027 | 535 | 671 | |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 197, 3.50% 2044 | 1,170 | 1,243 | |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 233, 3.00% 2045 | 1,465 | 1,613 | |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 203, 3.50% 2047 | 1,100 | 1,176 | |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 213, 4.25% 2047 | 825 | 910 | |
| New York City G.O. Bonds, Series 1994-A-4, 5.00% 2021 | 645 | 645 | |
| New York City G.O. Bonds, Series 2016-E, 5.00% 2021 | 150 | 150 | |
| New York City G.O. Bonds, Series 2021-A-1, 5.00% 2026 | 2,000 | 2,456 | |
| New York City G.O. Bonds, Series 2020-C-1, 5.00% 2028 | 2,000 | 2,590 | |
| New York City G.O. Bonds, Series 2018-A, 5.00% 2028 | 565 | 713 | |
| New York City G.O. Bonds, Series 2020-C-1, 5.00% 2030 | 2,350 | 3,173 | |
| New York City G.O. Bonds, Series 2018-E-1, 5.00% 2031 | 1,635 | 2,070 | |
| New York City G.O. Bonds, Series 2020-C-1, 5.00% 2032 | 1,750 | 2,338 | |
| New York City G.O. Bonds, Series 2012-D-1, 5.00% 2036 (preref. 2021) | 985 | 993 | |
| New York City G.O. Bonds, Series 2015-F-4, 5.00% 2044 (put 2025) | 290 | 340 | |
| New York City Health and Hospitals Corp., Health System Bonds, Series 2013-A, 5.00% 2023 | 1,000 | 1,075 | |
| New York City Health and Hospitals Corp., Health System Bonds, Series 2020-A, 5.00% 2024 | 375 | 420 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (8 Spruce Street), Series 2014-E, 3.50% 2048 | 320 | 325 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Dev. Bonds), Series 2017-C-3-A, 0.20% 2022 | 160 | 160 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Dev. Bonds), Series 2016-C-2, 0.23% 2050 (put 2022) | 190 | 190 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Dev. Bonds), Series 2021-C-2, 0.70% 2060 (put 2025) | 325 | 327 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Neighborhood Bonds), Series 2017-G-2-A, 2.00% 2057 (put 2021) | 770 | 773 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Neighborhood Bonds), Series 2020-I-2, 0.70% 2060 (put 2025) | 700 | 704 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Green Bonds, Series 2021-F-2, 0.60% 2061 (put 2025) | 835 | 839 | |
| New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2021-BB-2, 4.00% 2024 | 500 | 556 | |
| New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2021-DD, 5.00% 2029 | 465 | 618 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2020-A-1, 5.00% 2022 | 35 | 36 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2021-E-1, 5.00% 2023 | 65 | 70 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2021-F-1, 5.00% 2024 | 1,025 | 1,185 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2020-C-1, 5.00% 2026 | 365 | 453 | |
Capital Group Core Municipal Fund — Page 15 of 84
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| Bonds, notes & other debt instruments (continued) New York (continued) | Principal amount (000) | Value (000) | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2020-C-1, 5.00% 2031 | $760 | $1,034 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2020-C-1, 5.00% 2032 | 110 | 149 | |
| Town of Oyster Bay, Public Improvement Rev. Ref. Bonds, Series 2021, 2.00% 2022 | 150 | 151 | |
| Town of Oyster Bay, Public Improvement Rev. Ref. Bonds, Series 2021, 4.00% 2023 | 140 | 148 | |
| Public Housing Capital Fund Rev. Trust I, Trust Certs., Series 2012, 4.50% 20223 | 86 | 87 | |
| County of Suffolk, Econ. Dev. Corp., Rev. Ref. Bonds (Peconic Landing at Southold, Inc. Project), Series 2010, 3.125% 2025 | 225 | 242 | |
| Thruway Auth., Personal Income Tax Rev. Bonds, Series 2021-A-1, 5.00% 2033 | 1,000 | 1,354 | |
| Transitional Fin. Auth., Building Aid Rev. Bonds, Series 2017-S-1, 5.00% 2026 | 1,180 | 1,447 | |
| City of Troy, Capital Resource Corp., Rev. Ref. Bonds (Rensselaer Polytechnic Institute Project), Series 2020-A, 5.00% 2030 | 155 | 206 | |
| Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2020-C, 5.00% 2028 | 295 | 380 | |
| Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2020-C, 5.00% 2032 | 2,000 | 2,692 | |
| Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2020-C, 5.00% 2033 | 1,275 | 1,708 | |
| Utility Debt Securitization Auth., Restructuring Bonds, Series 2017, 5.00% 2025 | 130 | 145 | |
| County of Westchester, Industrial Dev. Agcy., Multi Family Housing Rev. Bonds (Marble Hall - Tuckahoe LP Project), Series 2021, 0.28% 2024 (put 2023) | 1,550 | 1,552 | |
| City of Yonkers, G.O. Bonds, Series 2011-A, Assured Guaranty Municipal insured, 5.00% 2024 (preref. 2024) | 80 | 81 | |
| 62,893 | |||
| North Carolina 1.93% | |||
| City of Burlington, Housing Auth., Multi Family Housing Rev. Bonds (Thetford Portfolio), Series 2021, 0.30% 2024 (put 2022) | 1,130 | 1,130 | |
| City of Durham, Housing Auth., Multi Family Housing Rev. Bonds (JJ Henderson Apartments Project), Series 2020, 0.30% 2024 (put 2023) | 80 | 80 | |
| City of Goldsboro, Multi Family Housing Rev. Bonds (Grand at Day Point), Series 2021, 0.28% 2024 (put 2023) | 1,725 | 1,726 | |
| Hospital Auth., Health Care Rev. Bonds (Charlotte-Mecklenburg Hospital), Series 2021-D, 5.00% 2049 (put 2031) | 1,170 | 1,616 | |
| Hospital Auth., Health Care Rev. Bonds (Charlotte-Mecklenburg Hospital), Series 2021-C, 5.00% 2050 (put 2028) | 585 | 762 | |
| Housing Fin. Agcy., Home Ownership Rev. Bonds, Series 40, 4.25% 2047 | 995 | 1,104 | |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 38-B, 4.00% 2047 | 1,135 | 1,234 | |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 44, 4.00% 2050 | 330 | 372 | |
| Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Winds Crest Senior Living, LP), Series 2021, 0.36% 2024 (put 2023) | 405 | 406 | |
| Raleigh-Durham Airport Auth., Airport Rev. Ref. Bonds, Series 2020-B, 5.00% 2022 | 1,705 | 1,768 | |
| University of North Carolina at Chapel Hill, General Rev. Bonds, Series 2012-B, (1-month USD-LIBOR x 0.67 + 0.40%) 0.467% 2041 (put 2022)2 | 1,480 | 1,483 | |
| University of North Carolina at Charlotte, General Rev. Ref. Bonds, Series 2017-A, 5.00% 2023 | 1,000 | 1,103 | |
| County of Wake, G.O. Public Improvement Bonds, Series 2014, 5.00% 2021 | 55 | 55 | |
| County of Wake, G.O. Rev. Ref. Bonds, Series 2020-A, 5.00% 2022 | 1,190 | 1,229 | |
| County of Wake, Limited Obligation Bonds, Series 2021, 5.00% 2023 | 675 | 728 | |
| 14,796 | |||
| North Dakota 0.43% | |||
| County of Cass, Joint Water Resource Dist., Temporary Rev. Ref. Improvement Bonds, Series 2021-A, 0.48% 2024 | 800 | 802 | |
| Housing Fin. Agcy., Homeownership Rev. Bonds (Home Mortgage Fin. Program), Series 2016-D, 3.50% 2046 | 965 | 1,039 | |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2015-B, 4.00% 2036 | 210 | 221 | |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2017-D, 4.00% 2048 | 305 | 333 | |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2017-F, 4.00% 2048 | 230 | 251 | |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2019-A, 4.25% 2049 | 170 | 189 | |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2021-A, 3.00% 2052 | 440 | 486 | |
| 3,321 | |||
Capital Group Core Municipal Fund — Page 16 of 84
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| Bonds, notes & other debt instruments (continued) Ohio 2.72% | Principal amount (000) | Value (000) | |
| Akron, Bath and Copley Joint Township Hospital Dist., Hospital Facs. Rev. Ref. Bonds (Summa Health Obligated Group), Series 2020, 5.00% 2028 | $680 | $868 | |
| Akron, Bath and Copley Joint Township Hospital Dist., Hospital Facs. Rev. Ref. Bonds (Summa Health Obligated Group), Series 2020, 5.00% 2030 | 350 | 463 | |
| County of Allen, Hospital Facs. Rev. Bonds (Bon Secours Mercy Health, Inc.), Series 2020-A, 5.00% 2027 | 1,500 | 1,901 | |
| County of Allen, Hospital Facs. Rev. Bonds (Bon Secours Mercy Health, Inc.), Series 2020-A, 5.00% 2030 | 400 | 534 | |
| County of Allen, Hospital Facs. Rev. Bonds (Mercy Health), Series 2017-A, 5.00% 2022 | 810 | 849 | |
| County of Allen, Hospital Facs. Rev. Bonds (Mercy Health), Series 2017-A, 5.00% 2027 | 570 | 716 | |
| County of Allen, Hospital Facs. Rev. Bonds (Mercy Health), Series 2017-B, 5.00% 2047 (put 2022) | 575 | 595 | |
| Capital Facs. Lease Appropriation Bonds, Series 2021-A, 5.00% 2029 | 180 | 235 | |
| Capital Facs. Lease Appropriation Bonds, Series 2021-A, 5.00% 2030 | 115 | 154 | |
| City of Cleveland, Airport System Rev. Ref. Bonds, Series 2012-A, 5.00% 2025 | 1,000 | 1,020 | |
| G.O. Common Schools Rev. Ref. Bonds, Series 2012-C, 5.00% 2021 | 1,000 | 1,006 | |
| G.O. Common Schools Rev. Ref. Bonds, Series 2021-B, 5.00% 2028 | 685 | 892 | |
| G.O. Conservation Projects Bonds, Series 2019-A, 2.00% 2022 | 65 | 66 | |
| G.O. Higher Education Bonds, Series 2021-A, 5.00% 2025 | 155 | 183 | |
| G.O. Higher Education Bonds, Series 2021-A, 5.00% 2027 | 310 | 389 | |
| County of Hamilton, Hospital Facs. Rev. Bonds (UC Health), Series 2014, 5.00% 2025 | 400 | 445 | |
| Hospital Rev. Ref. Bonds (Cleveland Clinic Health System Obligated Group), Series 2021-B, 5.00% 2029 | 1,000 | 1,291 | |
| Hospital Rev. Ref. Bonds (Cleveland Clinic Health System Obligated Group), Series 2021-B, 5.00% 2030 | 280 | 369 | |
| Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Chevybrook Estates Apartments Project), Series 2021, 0.35% 2024 (put 2023) | 200 | 200 | |
| Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Glen Meadows Apartments Project), Series 2021-A, 0.40% 2024 (put 2023) | 305 | 306 | |
| Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Pinzone Tower Apartments Project), Series 2021, 0.28% 2023 (put 2022) | 655 | 655 | |
| Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2017-D, 4.00% 2048 | 325 | 352 | |
| Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2019-A, 4.50% 2049 | 675 | 755 | |
| Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2020-A, 3.75% 2050 | 645 | 724 | |
| Madison Local School Dist., School Improvement Rev. Ref. Bonds, Series 2014, 5.25% 2037 (preref. 2022) | 1,095 | 1,142 | |
| Major New State Infrastructure Project Rev. Bonds, Series 2019-1, 5.00% 2028 | 700 | 915 | |
| Major New State Infrastructure Project Rev. Bonds, Series 2019-1, 5.00% 2029 | 300 | 401 | |
| North East Ohio Regional Sewer Dist., Wastewater Improvement Rev. and Rev. Ref. Bonds, Series 2014, 5.00% 2044 (preref. 2024) | 1,000 | 1,158 | |
| Public Facs. Commission, Higher Education G.O. Bonds, Series 2015-C, 5.00% 2028 | 1,000 | 1,169 | |
| Rev. Bonds (Premier Health Partners Obligated Group), Series 2020, 5.00% 2033 | 85 | 110 | |
| Turnpike and Infrastructure Commission, Rev. Bonds, Series 2013-A-1, 5.00% 2025 | 115 | 123 | |
| Water Dev. Auth., Water Dev. Rev. Bonds, Series 2013-A, 5.00% 2023 | 155 | 169 | |
| Water Dev. Auth., Water Pollution Control Loan Fund Rev. Bonds, Series 2020-A, 5.00% 2032 | 500 | 672 | |
| 20,827 | |||
| Oklahoma 0.33% | |||
| Capital Improvement Auth., State Highways Capital Improvement Rev. Ref. Bonds (Oklahoma Dept. of Transportation Project), Series 2020-A, 5.00% 2023 | 595 | 651 | |
| Housing Fin. Agcy., Collateralized Rev. Bonds (Deer Park & Apple Run Apartments), Series 2019, 1.60% 2022 | 750 | 755 | |
| Board of Regents of Oklahoma State University, General Rev. Ref. Bonds, Series 2020-A, 5.00% 2025 | 800 | 951 | |
| Board of Regents of Oklahoma State University, General Rev. Ref. Bonds, Series 2020-A, 5.00% 2032 | 120 | 161 | |
| 2,518 | |||
Capital Group Core Municipal Fund — Page 17 of 84
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| Bonds, notes & other debt instruments (continued) Oregon 0.98% | Principal amount (000) | Value (000) | |
| Deschutes Public Library Dist., G.O. Bonds, Series 2021, 4.00% 2029 | $225 | $279 | |
| Deschutes Public Library Dist., G.O. Bonds, Series 2021, 4.00% 2030 | 265 | 334 | |
| Facs. Auth., Rev. Bonds (University of Portland Projects), Series 2015-A, 5.00% 2031 | 600 | 689 | |
| G.O. Bonds (Veteran’s Welfare Bonds Series 99B), Series 2020, 3.50% 2050 | 285 | 317 | |
| Housing and Community Services Dept., Housing Dev. Rev. Bonds (The Susan Emmons Apartments Project), Series 2021-S-2, 0.38% 2024 (put 2023) | 460 | 461 | |
| Housing and Community Services Dept., Housing Dev. Rev. Bonds (Westwind Apartments Project), Series 2021-H, 0.25% 2024 (put 2023) | 175 | 175 | |
| Housing and Community Services Dept., Mortgage Rev. Bonds (Single Family Mortgage Program), Series 2017-A, 4.00% 2047 | 770 | 835 | |
| Housing and Community Services Dept., Mortgage Rev. Bonds (Single Family Mortgage Program), Series 2016-A, 4.00% 2047 | 470 | 503 | |
| Housing and Community Services Dept., Mortgage Rev. Bonds (Single Family Mortgage Program), Series 2018-A, 4.50% 2049 | 150 | 165 | |
| Housing and Community Services Dept., Mortgage Rev. Bonds (Single Family Mortgage Program), Series 2020-C, 3.00% 2052 | 1,240 | 1,360 | |
| Dept. of Transportation, Highway User Tax Rev. Ref. Bonds, Series 2012-A, 5.00% 2025 (preref. 2022) | 1,000 | 1,063 | |
| Warrenton-Hammond School Dist., G.O. Bonds, Series 2019-B, 5.00% 2027 | 1,040 | 1,311 | |
| 7,492 | |||
| Pennsylvania 2.69% | |||
| County of Allegheny, Airport Auth., Airport Rev. Bonds, Series 2013-A, 5.00% 2022 | 400 | 411 | |
| County of Allegheny, Hospital Dev. Auth., UPMC Rev. Bonds, Series 2019-A, 5.00% 2022 | 1,000 | 1,047 | |
| County of Allegheny, Sanitary Auth., Sewer Rev. Bonds, Series 2020-A, 5.00% 2026 | 500 | 606 | |
| County of Berks, G.O. Bonds, Series 2015, 4.00% 2027 (preref. 2023) | 35 | 38 | |
| Cumberland Valley School Dist., G.O. Bonds, Series 2015, 5.00% 2032 (preref. 2023) | 150 | 167 | |
| Cumberland Valley School Dist., G.O. Bonds, Series 2015, 5.00% 2034 (preref. 2023) | 130 | 144 | |
| Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2004-A, 2.15% 2021 | 200 | 201 | |
| Econ. Dev. Fncg. Auth., UPMC Rev. Bonds, Series 2021-A, 5.00% 2028 | 1,500 | 1,943 | |
| Fncg. Auth., Rev. Bonds, Series 2013-A-2, 5.00% 2027 (preref. 2022) | 500 | 521 | |
| Fncg. Auth., Rev. Bonds, Series 2013-A-2, 5.00% 2042 (preref. 2022) | 580 | 604 | |
| G.O. Bonds, Series 2011-1, 5.00% 2025 (preref. 2021) | 700 | 710 | |
| General Auth. of Southcentral Pennsylvania, Rev. Bonds (Wellspan Health Obligated Group), Series 2019-B, (SIFMA Municipal Swap Index + 0.60%) 0.62% 2049 (put 2024)2 | 455 | 458 | |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2017-122, 4.00% 2046 | 1,005 | 1,080 | |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2020-133, 3.00% 2050 | 1,000 | 1,093 | |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2021-135-A, 3.00% 2051 | 220 | 239 | |
| Housing Fin. Agcy., Special Limited Obligation, Multi Family Housing Dev. Bonds (Harrison Senior Tower), Series 2021, 0.25% 2024 (put 2023) | 1,030 | 1,031 | |
| Housing Fin. Agcy., Special Limited Obligation, Multi Family Housing Dev. Bonds (School of Nursing), Series 2021, 0.27% 2024 (put 2023) | 330 | 330 | |
| County of Montgomery, Higher Education and Health Auth., Hospital Rev. Bonds (Abington Memorial Hospital Obligated Group), Series 2012-A, 5.00% 2031 (preref. 2022) | 350 | 364 | |
| County of Montgomery, Higher Education and Health Auth., Rev. Bonds (Thomas Jefferson University), Series 2018-C, 0.74% 2051 (put 2023)2 | 400 | 400 | |
| County of Montgomery, Industrial Dev. Auth., Rev. Bonds (Foulkeways at Gwynedd Project), Series 2016, 5.00% 2026 | 400 | 466 | |
| County of Montgomery, Industrial Dev. Auth., Rev. Bonds (Waverly Heights Ltd.), Series 2019, 4.00% 2021 | 100 | 101 | |
| County of Montgomery, Industrial Dev. Auth., Rev. Bonds (Waverly Heights Ltd.), Series 2019, 4.00% 2023 | 125 | 135 | |
| County of Northampton, General Purpose Auth., Hospital Rev. Bonds (St. Luke’s University Health Network Project), Series 2018-B, (1-month USD-LIBOR x 0.70 + 1.04%) 1.11% 2048 (put 2022)2 | 175 | 176 | |
| Philadelphia School Dist., G.O. Bonds, Series 2019-A, 5.00% 2022 | 1,050 | 1,104 | |
| Philadelphia School Dist., G.O. Bonds, Series 2016-F, 5.00% 2025 | 415 | 491 | |
Capital Group Core Municipal Fund — Page 18 of 84
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| Bonds, notes & other debt instruments (continued) Pennsylvania (continued) | Principal amount (000) | Value (000) | |
| Philadelphia School Dist., G.O. Rev. Ref. Bonds, Series 2016-F, 5.00% 2023 | $1,500 | $1,647 | |
| Scranton School Dist., G.O. Bonds, Series 2017-E, BAM insured, 5.00% 2026 | 1,000 | 1,223 | |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2011-E, 5.00% 2042 (preref. 2022) | 575 | 613 | |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2011-E, 5.00% 2029 (preref. 2021) | 1,315 | 1,336 | |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2011-E, 5.00% 2030 (preref. 2021) | 335 | 340 | |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2021-B, 5.00% 2030 | 165 | 224 | |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2021-B, 5.00% 2031 | 295 | 404 | |
| Turnpike Commission, Turnpike Rev. Bonds (Motor License Fund), Series 2012-A, 5.00% 2026 (preref. 2021) | 1,000 | 1,016 | |
| 20,663 | |||
| Rhode Island 0.10% | |||
| Commerce Corp., Grant Anticipation Rev. Ref. Bonds (Dept. of Transportation), Series 2016-A, 5.00% 2023 | 500 | 545 | |
| Housing and Mortgage Fin. Corp., Multi Family Dev. Bonds, Series 2021-A-1, 0.45% 2040 (put 2023) | 195 | 195 | |
| 740 | |||
| South Carolina 1.06% | |||
| County of Charleston, G.O. Capital Improvement Transportation Sales Tax Bonds, Series 2011, 5.00% 2024 (preref. 2021) | 515 | 521 | |
| City of Columbia, Housing Auth., Multi Family Housing Rev. Bonds (Palmetto Terrace Apartments Project), Series 2021, 0.31% 2024 (put 2023) | 460 | 460 | |
| City of Columbia, Waterworks and Sewer System Rev. Bonds, Series 2019-A, 5.00% 2028 | 100 | 128 | |
| City of Columbia, Waterworks and Sewer System Rev. Bonds, Series 2013, 5.00% 2043 (preref. 2023) | 1,000 | 1,074 | |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2017-A, 4.00% 2047 | 390 | 418 | |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2017-B, 4.00% 2047 | 105 | 114 | |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2020-A, 4.00% 2050 | 765 | 867 | |
| Housing Fin. and Dev. Auth., Mortgage Rev. Ref. Bonds, Series 2016-A, 4.00% 2036 | 545 | 593 | |
| County of Lexington, Health Services Dist., Inc., Hospital Rev. Ref. Bonds, Series 2017, 5.00% 2022 | 600 | 636 | |
| County of Lexington, Health Services Dist., Inc., Hospital Rev. Ref. Bonds, Series 2017, 5.00% 2024 | 500 | 576 | |
| Patriots Energy Group Fncg. Agcy., Gas Supply Rev. Bonds, Series 2018-A, 4.00% 2048 (put 2024) | 180 | 195 | |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-C, 5.00% 2021 | 500 | 508 | |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-C, 5.00% 2022 | 350 | 372 | |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-C, 5.00% 2023 | 125 | 139 | |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2012-D, 5.00% 2028 | 510 | 531 | |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2012-D, 5.00% 2028 (preref. 2022) | 490 | 510 | |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2011-C, 5.00% 2036 | 340 | 345 | |
| Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2015-A, 5.00% 2028 | 100 | 117 | |
| 8,104 | |||
| South Dakota 1.16% | |||
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2014-E, 4.00% 2044 | 685 | 717 | |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2016-D, 3.50% 2046 | 960 | 1,019 | |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2017-B, 4.00% 2047 | 1,325 | 1,434 | |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2018-B, 4.50% 2048 | 1,585 | 1,770 | |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2019-B, 4.00% 2049 | 345 | 381 | |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2021-B, 3.00% 2051 | 2,255 | 2,495 | |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2020-C, 3.50% 2051 | 995 | 1,110 | |
| 8,926 | |||
| Tennessee 0.63% | |||
| Town of Greeneville, Health and Educational Facs. Board, Multi Family Housing Rev. Bonds (People RD Portfolio Project), Series 2019, 1.45% 2022 (put 2021) | 20 | 20 | |
| Housing Dev. Agcy., Homeownership Program Bonds, Series 2012-1-C, 4.50% 2037 | 50 | 51 | |
| Housing Dev. Agcy., Homeownership Program Bonds, Series 2012-2-C, 4.00% 2038 | 50 | 51 | |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2017-1, 4.00% 2042 | 500 | 544 | |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2017-2-B, 4.00% 2042 | 495 | 540 | |
Capital Group Core Municipal Fund — Page 19 of 84
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| Bonds, notes & other debt instruments (continued) Tennessee (continued) | Principal amount (000) | Value (000) | |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2015-2-A, 4.00% 2046 | $495 | $531 | |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2020-3-A, 3.50% 2050 | 110 | 122 | |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2019-1, 4.25% 2050 | 875 | 973 | |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2015-2-A, 3.75% 2050 | 460 | 515 | |
| City of Knoxville, Community Dev. Corp., Collateralized Multi Family Housing Bonds (Austin 1B Apartments Project), Series 2021, 0.22% 2024 (put 2023) | 155 | 155 | |
| Tennessee Energy Acquisition Corp., Commodity Project Rev. Bonds, Series 2021-A, 5.00% 2052 (put 2031) | 1,000 | 1,346 | |
| 4,848 | |||
| Texas 15.22% | |||
| Affordable Housing Corp., Multi Family Housing Rev. Bonds (Apartments of Las Palmas I LLC), Series 2021, 0.25% 2024 (put 2022) | 65 | 65 | |
| Alvarado Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2023 | 795 | 853 | |
| Alvin Independent School Dist., Unlimited Tax Schoolhouse and Rev. Ref. Bonds, Series 2020, 5.00% 2025 | 600 | 700 | |
| Alvin Independent School Dist., Unlimited Tax Schoolhouse and Rev. Ref. Bonds, Series 2020, 5.00% 2027 | 225 | 280 | |
| Angleton Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2025 | 620 | 722 | |
| Arlington Higher Education Fin. Corp., Education Rev. and Rev. Ref. Bonds (Uplift Education), Series 2017-A, 5.00% 2023 | 885 | 981 | |
| Arlington Higher Education Fin. Corp., Education Rev. and Rev. Ref. Bonds (Uplift Education), Series 2017-A, 5.00% 2024 | 400 | 461 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Great Hearts America - Texas), Series 2019-A, 5.00% 2026 | 400 | 486 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Great Hearts America - Texas), Series 2019-A, 5.00% 2028 | 595 | 761 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Great Hearts America - Texas), Series 2019-A, 5.00% 2029 | 235 | 307 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (KIPP Texas, Inc.), Series 2019, 5.00% 2026 | 1,900 | 2,319 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (KIPP Texas, Inc.), Series 2019, 5.00% 2027 | 1,000 | 1,255 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Responsive Education Solutions), Series 2021-A, 5.00% 2029 | 510 | 668 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Responsive Education Solutions), Series 2021-A, 5.00% 2030 | 485 | 648 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Riverwalk Education Foundation, Inc.), Series 2019, 5.00% 2028 | 650 | 827 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Uplift Education), Series 2017-B, 5.00% 2026 | 450 | 551 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Uplift Education), Series 2019-A, 4.00% 2027 | 460 | 541 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Uplift Education), Series 2017-B, 5.00% 2027 | 250 | 308 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Uplift Education), Series 2019-A, 4.00% 2028 | 475 | 558 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Uplift Education), Series 2019-A, 4.00% 2029 | 395 | 461 | |
| Arlington Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2020, 5.00% 2026 | 325 | 393 | |
| City of Arlington, Permanent Improvement Bonds, Series 2021-A, 5.00% 2030 | 140 | 188 | |
| Austin Affordable PFC, Inc., Multi Family Housing Rev. Bonds (Bridge at Turtle Creek Apartments), Series 2020, 0.42% 2040 (put 2023) | 1,000 | 1,003 | |
| Austin Community College Dist., Maintenance Tax Notes, Series 2021, 5.00% 2030 | 160 | 217 | |
| City of Austin, Water and Wastewater System Rev. Ref. Bonds, Series 2015-A, 5.00% 2030 | 740 | 884 | |
| Beaumont Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2017, 5.00% 2026 | 1,500 | 1,810 | |
| County of Bexar, Hospital Dist., Limited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2031 | 480 | 608 | |
| Brazosport Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 2022 | 115 | 118 | |
| Burnet Consolidated Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 5.00% 2031 | 215 | 287 | |
| County of Cameron, Housing Fin. Corp., Multi Family Housing Rev. Bonds (Sunland Country Apartments), Series 2021, 0.28% 2024 (put 2023) | 205 | 205 | |
| Canyon Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2027 | 1,000 | 1,244 | |
| Capital Area Housing Fin. Corp., Multi Family Housing Rev. Bonds (Mission Trail at El Camino Real Apartments), Series 2019, 2.10% 2037 (put 2022) | 1,080 | 1,081 | |
Capital Group Core Municipal Fund — Page 20 of 84
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| Bonds, notes & other debt instruments (continued) Texas (continued) | Principal amount (000) | Value (000) | |
| Capital Area Housing Fin. Corp., Multi Family Housing Rev. Bonds (Redwood Apartments), Series 2020, 0.41% 2041 (put 2024) | $3,920 | $3,935 | |
| Carroll Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2026 | 970 | 1,170 | |
| Carrollton-Farmers Branch Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 5.00% 2023 | 230 | 247 | |
| Central Texas Regional Mobility Auth., Rev. Bond Anticipation Notes, Series 2021-C, 5.00% 2027 | 320 | 381 | |
| Clear Creek Independent School Dist., Unlimited Tax School Building Bonds, Series 2018, 5.00% 2028 | 1,100 | 1,367 | |
| Clear Creek Independent School Dist., Unlimited Tax School Building Bonds, Series 2013-B, 0.28% 2038 (put 2024) | 205 | 205 | |
| Clifton Higher Education Fin. Corp., Education Rev. and Ref. Bonds (Idea Public Schools), Series 2017, 5.00% 2027 | 1,360 | 1,712 | |
| Clifton Higher Education Fin. Corp., Education Rev. Bonds (Idea Public Schools), Series 2018, 5.00% 2025 | 500 | 593 | |
| Clifton Higher Education Fin. Corp., Education Rev. Bonds (Idea Public Schools), Series 2019, 5.00% 2026 | 1,000 | 1,224 | |
| Collin County Community College Dist., G.O. Bonds, Series 2020-A, 5.00% 2032 | 680 | 901 | |
| Conroe Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2022 | 220 | 226 | |
| Conroe Independent School Dist., Unlimited Tax School Building Rev. Ref. Bonds, Series 2016, 5.00% 2025 | 1,190 | 1,388 | |
| Corpus Christi Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2020, 5.00% 2027 | 675 | 853 | |
| Corpus Christi Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2019, 5.00% 2027 | 530 | 669 | |
| Port of Corpus Christi Auth. of Nueces County, Rev. Bonds, Series 2018-A, 5.00% 2027 | 490 | 614 | |
| Crowley Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2015-A, 5.00% 2025 | 1,000 | 1,183 | |
| Crowley Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 2028 | 310 | 399 | |
| Crowley Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 2029 | 400 | 522 | |
| Crowley Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 2031 | 260 | 336 | |
| Cypress-Fairbanks Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2025 | 850 | 993 | |
| Cypress-Fairbanks Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2016, 5.00% 2025 | 850 | 993 | |
| Cypress-Fairbanks Independent School Dist., Unlimited Tax School Building Bonds, Series 2015-B-1, 2.125% 2040 (put 2021) | 860 | 861 | |
| Cypress-Fairbanks Independent School Dist., Unlimited Tax School Building Bonds, Series 2015-B-2, 2.125% 2040 (put 2021) | 250 | 250 | |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Improvement Bonds, Series 2013-B, 4.00% 2039 | 1,000 | 1,046 | |
| City of Dallas, Housing Fin. Corp., Multi Family Housing Rev. Bonds (Midpark Towers), Series 2021, 0.35% 2024 (put 2023) | 675 | 676 | |
| City of Dallas, Housing Fin. Corp., Multi Family Housing Rev. Notes (Estates at Shiloh), Series 2019, 1.25% 2037 (put 2023) | 430 | 439 | |
| Dallas Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2014-A, 5.00% 2023 | 120 | 132 | |
| Dallas Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 4.00% 2023 | 550 | 583 | |
| Del Valle Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2022 | 155 | 162 | |
| City of Denton, Utility System Rev. Bonds, Series 2017, 5.00% 2028 | 2,000 | 2,442 | |
| Eagle Mountain-Saginaw Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 2027 | 600 | 757 | |
| El Paso Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2015, 5.00% 2026 | 500 | 574 | |
| Fort Bend Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2017-E, 5.00% 2025 | 1,230 | 1,436 | |
| Fort Bend Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2021-B, 0.72% 2051 (put 2026) | 1,515 | 1,529 | |
| Fort Bend Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2020-B, 0.875% 2050 (put 2023) | 425 | 433 | |
| Fort Worth Independent School Dist., Unlimited Tax School Building Bonds, Series 2021-A, 5.00% 2030 | 275 | 368 | |
| Fort Worth Independent School Dist., Unlimited Tax School Building Bonds, Series 2021-A, 5.00% 2031 | 255 | 348 | |
| Frisco Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2019, 5.00% 2021 | 725 | 726 | |
| City of Galveston, Public Fac. Corp., Multi Family Housing Rev. Bonds (The Orleanders at Broadway), Series 2021, 0.47% 2025 (put 2024) | 510 | 511 | |
| City of Garland, Electric Utility System Rev. Ref. Bonds, Series 2021, 5.00% 2022 | 675 | 694 | |
| City of Garland, Tax and Rev. Certs. of Obligation, Series 2021, 5.00% 2024 | 135 | 152 | |
Capital Group Core Municipal Fund — Page 21 of 84
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| Bonds, notes & other debt instruments (continued) Texas (continued) | Principal amount (000) | Value (000) | |
| Goose Creek Consolidated Independent School Dist., Unlimited Tax School Building Bonds, Series 2014-B, 0.60% 2035 (put 2026) | $340 | $340 | |
| Hallsville Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2020, 5.00% 2025 | 1,000 | 1,168 | |
| Harlandale Independent School Dist., Maintenance Tax Notes, Series 2021, BAM insured, 2.00% 2040 (put 2024) | 185 | 188 | |
| Harlandale Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020, 0.75% 2045 (put 2025) | 330 | 330 | |
| County of Harris, Cultural Education Facs. Fin. Corp., Hospital Rev. Bonds (Memorial Hermann Health System), Series 2020, 5.00% 2022 | 1,000 | 1,041 | |
| County of Harris, Cultural Education Facs. Fin. Corp., Hospital Rev. Bonds (Memorial Hermann Health System), Series 2019-C-2, (SIFMA Municipal Swap Index + 0.57%) 0.59% 2049 (put 2024)2 | 1,000 | 996 | |
| County of Harris, Cultural Education Facs. Fin. Corp., Hospital Rev. Bonds (Texas Children’s Hospital), Series 2019-B, 5.00% 2041 (put 2024) | 1,000 | 1,149 | |
| County of Harris, Cultural Education Facs. Fin. Corp., Hospital Rev. Ref. Bonds (Memorial Hermann Health System), Series 2013-B, (SIFMA Municipal Swap Index + 0.90%) 0.92% 20222 | 250 | 251 | |
| County of Harris, Cultural Education Facs. Fin. Corp., Rev. Bonds (Texas Medical Center), Series 2020-A, 0.90% 2050 (put 2025) | 455 | 455 | |
| County of Harris, Health Facs. Dev. Corp., Rev. Ref. Bonds (CHRISTUS Health), Series 2005-A-4, Assured Guaranty Municipal insured, 0.18% 20312 | 125 | 125 | |
| County of Harris, Sports Auth., Rev. Ref. Bonds, Series 2014-A, Assured Guaranty Municipal insured, 5.00% 2022 (escrowed to maturity) | 365 | 388 | |
| County of Harris, Toll Road Rev. Ref. Bonds, Series 2012-B, (SIFMA Municipal Swap Index + 0.45%) 1.45% 2021 | 705 | 705 | |
| County of Hidalgo, Regional Mobility Auth., Vehicle Registration Fee Rev. and Rev. Ref. Bonds, Series 2013, 5.00% 2026 (preref. 2023) | 1,000 | 1,111 | |
| Dept. of Housing and Community Affairs, Multi Family Housing Rev. Bonds (Corona Del Valle), Series 2021, 0.37% 2025 (put 2023) | 185 | 185 | |
| Dept. of Housing and Community Affairs, Multi Family Housing Rev. Bonds (Oso Bay Apartments), Series 2021, 0.27% 2024 (put 2022) | 345 | 345 | |
| Dept. of Housing and Community Affairs, Multi Family Housing Rev. Bonds (Palladium Simpson Stuart Apartments), Series 2021, 0.35% 2025 (put 2024) | 630 | 631 | |
| Dept. of Housing and Community Affairs, Residential Mortgage Rev. Bonds, Series 2019-A, 4.75% 2049 | 1,195 | 1,345 | |
| Dept. of Housing and Community Affairs, Residential Mortgage Rev. Bonds, Series 2021-A, 3.00% 2052 | 2,305 | 2,559 | |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2019-A, 4.00% 2050 | 1,310 | 1,491 | |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2020-A, 3.50% 2051 | 375 | 423 | |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2021-A, 3.00% 2052 | 850 | 948 | |
| Housing Options, Inc., Multi Family Housing Rev. Bonds (Brooks Manor - The Oaks Project), Series 2021, 0.50% 2041 (put 2025) | 255 | 255 | |
| City of Houston, Combined Utility System Rev. and Rev. Ref. Bonds, Series 2016-B, 5.00% 2027 | 500 | 620 | |
| City of Houston, Combined Utility System Rev. Bonds, Series 2011-D, 5.00% 2026 (preref. 2021) | 185 | 188 | |
| City of Houston, Combined Utility System Rev. Ref. Bonds, Series 2019-B, 5.00% 2027 | 550 | 699 | |
| City of Houston, Convention and Entertainment Facs. Dept., Hotel Occupancy Tax and Special Rev. Ref. Bonds, Series 2021, 4.00% 2028 | 225 | 270 | |
| City of Houston, Convention and Entertainment Facs. Dept., Hotel Occupancy Tax and Special Rev. Ref. Bonds, Series 2021, 4.00% 2030 | 25 | 31 | |
| City of Houston, Convention and Entertainment Facs. Dept., Hotel Occupancy Tax and Special Rev. Ref. Bonds, Series 2021, 4.00% 2031 | 10 | 12 | |
| City of Houston, Housing Fin. Corp., Multi Family Housing Rev. Bonds (Temenos Place Apartments), Series 2021, 0.29% 2024 (put 2023) | 325 | 325 | |
| City of Houston, Memorial City Redev. Auth., Tax Increment Contract Rev. and Rev. Ref. Bonds, Series 2019, Assured Guaranty Municipal insured, 5.00% 2027 | 1,050 | 1,295 | |
| City of Houston, Memorial City Redev. Auth., Tax Increment Contract Rev. and Rev. Ref. Bonds, Series 2019, Assured Guaranty Municipal insured, 5.00% 2028 | 250 | 314 | |
| Katy Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019-B, 5.00% 2022 | 465 | 477 | |
| County of Kaufman, Unlimited Tax Road Bonds, Series 2020, 5.00% 2031 | 115 | 149 | |
| Killeen Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2022 | 445 | 457 | |
| Lewisville Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2017, 5.00% 2027 | 1,115 | 1,369 | |
| Longview Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020, 5.00% 2023 | 575 | 618 | |
Capital Group Core Municipal Fund — Page 22 of 84
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| Bonds, notes & other debt instruments (continued) Texas (continued) | Principal amount (000) | Value (000) | |
| Longview Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020, 5.00% 2024 | $1,260 | $1,415 | |
| Lower Colorado River Auth., Transmission Contract Rev. Ref. Bonds (LCRA Transmission Services Corp. Project), Series 2016, 5.00% 2022 | 460 | 478 | |
| Lower Colorado River Auth., Transmission Contract Rev. Ref. Bonds (LCRA Transmission Services Corp. Project), Series 2018, 5.00% 2024 | 255 | 288 | |
| Lower Colorado River Auth., Transmission Contract Rev. Ref. Bonds (LCRA Transmission Services Corp. Project), Series 2020, 5.00% 2027 | 1,750 | 2,180 | |
| Lumberton Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2029 | 245 | 320 | |
| Medina Valley Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 0.82% 2051 (put 2026) | 325 | 325 | |
| County of Midland, Public Fac. Corp., Multi Family Housing Rev. Bonds (Palladium at West Francis), Series 2020, 0.35% 2024 (put 2023) | 1,000 | 1,003 | |
| Municipal Gas Acquisition and Supply Corp. I, Gas Supply Rev. Bonds, Series 2008-D, 6.25% 2026 | 480 | 566 | |
| Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Ref. Bonds, Series 2021, 5.00% 2022 | 660 | 703 | |
| New Hope Cultural Education Facs. Fin. Corp., Retirement Fac. Rev. Bonds (Westminster Project), Series 2016, 5.00% 2028 | 235 | 271 | |
| North Central Texas Housing Fin. Corp., Multi Family Housing Rev. Bonds (Bluebonnet Ridge Apartments), Series 2021, 0.375% 2040 (put 2024) | 220 | 220 | |
| North East Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2017, 2.375% 2047 (put 2022) | 500 | 511 | |
| North East Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2019-A, 4.00% 2032 | 215 | 258 | |
| North East Independent School Dist., Unlimited Tax School Building Bonds, Series 2013-B, 1.42% 2040 | 655 | 655 | |
| North Harris County Regional Water Auth., Rev. and Rev. Ref. Bonds, Series 2016, 5.00% 2034 | 950 | 1,163 | |
| North Texas Municipal Water Dist., Water System Rev. Ref. and Improvement Bonds, Series 2021, 5.00% 2022 | 170 | 179 | |
| North Texas Tollway Auth., Special Projects System Rev. Bonds, Series 2011-D, 5.00% 2031 (preref. 2021) | 200 | 201 | |
| North Texas Tollway Auth., System Rev. and Rev. Ref. Bonds, Series 2017-A, 5.00% 2022 | 220 | 224 | |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Series 2016-A, 5.00% 2026 | 1,600 | 1,784 | |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Series 2015-A, 5.00% 2030 | 300 | 344 | |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Capital Appreciation Bonds, Series 2008-D, Assured Guaranty insured, 0% 2030 | 500 | 450 | |
| Northside Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020, 5.00% 2027 | 850 | 1,074 | |
| Northwest Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 5.00% 2030 | 175 | 233 | |
| Northwest Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 5.00% 2031 | 105 | 141 | |
| Northwest Independent School Dist., Unlimited Tax School Building Bonds, Series 2013, 5.00% 2038 (preref. 2023) | 700 | 753 | |
| Odessa Housing Fin. Corp., Multi Family Housing Rev. Bonds (Cove in Odessa Apartments), Series 2021, 0.37% 2024 (put 2023) | 755 | 758 | |
| Pasadena Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2029 | 260 | 340 | |
| Pasadena Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2013, 5.00% 2038 | 1,000 | 1,072 | |
| Pflugerville Independent School Dist., Unlimited Tax School Building Bonds, Series 2019-A, 5.00% 2022 | 1,000 | 1,027 | |
| Prosper Independent School Dist., Unlimited Tax School Building Bonds, Series 2019-B, 2.00% 2050 (put 2021) | 415 | 430 | |
| Round Rock Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2017, 5.00% 2022 | 600 | 629 | |
| City of San Antonio, Electric and Gas Systems Rev. Bonds, Series 2013, 5.00% 2048 (preref. 2023) | 475 | 510 | |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2016, 5.00% 2028 | 1,000 | 1,219 | |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2015-B, 2.00% 2033 (put 2021) | 1,150 | 1,152 | |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2018, 2.75% 2048 (put 2022) | 250 | 258 | |
| City of San Antonio, General Improvement and Rev. Ref. Bonds, Series 2016, 5.00% 2022 | 270 | 277 | |
| City of San Antonio, Water System Rev. Ref. Bonds, Series 2019-C, 5.00% 2022 | 185 | 192 | |
| San Antonio Housing Trust Fin. Corp., Multi Family Housing Rev. Bonds (Alsbury Park Apartments), Series 2019, 1.375% 2022 (put 2021) | 620 | 621 | |
| San Antonio Independent School Dist., Unlimited Tax School Building Bonds, Series 2020-A, 5.00% 8/15/2021 | 70 | 70 | |
| Sheldon Independent School Dist., Unlimited Tax School Building Bonds, Series 2017, 5.00% 2022 | 250 | 257 | |
| Sherman Independent School Dist., Unlimited Tax School Building Bonds, Series 2018-A, 5.00% 2027 | 1,010 | 1,252 | |
| Spring Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 2031 | 465 | 598 | |
Capital Group Core Municipal Fund — Page 23 of 84
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| Bonds, notes & other debt instruments (continued) Texas (continued) | Principal amount (000) | Value (000) | |
| County of Tarrant, Cultural Education Facs. Fin. Corp., Rev. Ref. Bonds (Christus Health), Series 2018-A, 5.00% 2023 | $850 | $928 | |
| Board of Regents of the Texas A&M University System, Rev. Fncg. System Bonds, Series 2017-E, 5.00% 2022 | 1,425 | 1,480 | |
| Tomball Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2023 | 270 | 290 | |
| Tomball Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2024 | 90 | 101 | |
| Transportation Commission, Highway Improvement G.O. Bonds, Series 2016-A, 5.00% 2028 | 200 | 241 | |
| Board of Regents of the University of North Texas System, Rev. Fncg. System Rev. Ref. and Improvement Bonds, Series 2018-A, 5.00% 2025 | 240 | 281 | |
| Board of Regents of the University of North Texas System, Rev. Fncg. System Rev. Ref. and Improvement Bonds, Series 2018-A, 5.00% 2026 | 760 | 920 | |
| Board of Regents of the University of Texas System, Rev. Fncg. System Bonds, Series 2016-D, 5.00% 2021 | 1,090 | 1,092 | |
| Board of Regents of the University of Texas System, Rev. Fncg. System Rev. Ref. Bonds, Series 2012-A, 5.00% 2021 | 1,125 | 1,127 | |
| Board of Regents of the University of Texas System, Rev. Fncg. System Rev. Ref. Bonds, Series 2016-I, 5.00% 2021 | 500 | 501 | |
| Water Dev. Board, State Water Implementation Rev. Fund of Texas Rev. Bonds (Master Trust), Series 2018-A, 5.00% 2029 | 990 | 1,268 | |
| Wylie Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020-A, 5.00% 2030 | 1,790 | 2,397 | |
| Ysleta Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2023 | 550 | 605 | |
| 116,705 | |||
| Utah 0.61% | |||
| Emery County School Dist., G.O. Bonds, Series 2021, 5.00% 2027 | 1,000 | 1,261 | |
| Housing Corp., Single Family Mortgage Bonds, Class III, Series 2015-D-2, 4.00% 2045 | 155 | 167 | |
| Salt Lake City, Airport Rev. Bonds (Salt Lake City International Airport), Series 2021-B, 5.00% 2025 | 450 | 532 | |
| Salt Lake City, Airport Rev. Bonds (Salt Lake City International Airport), Series 2021-B, 5.00% 2026 | 620 | 757 | |
| School Fin. Auth., Charter School Rev. Bonds (Utah Charter Academies Project), Series 2018, 4.00% 2021 | 310 | 312 | |
| School Fin. Auth., Charter School Rev. Bonds (Utah Charter Academies Project), Series 2018, 4.00% 2022 | 335 | 349 | |
| Transit Auth., Sales Tax Rev. and Rev. Ref. Bonds, Series 2012, 5.00% 2026 (preref. 2022) | 1,000 | 1,043 | |
| Transit Auth., Sales Tax Rev. Bonds, Series 2008-A, 5.25% 2023 | 80 | 88 | |
| Vineyard Redev. Agcy., Tax Increment Rev. and Rev. Ref. Bonds, Series 2021, Assured Guaranty Municipal insured, 5.00% 2026 | 95 | 114 | |
| Vineyard Redev. Agcy., Tax Increment Rev. and Rev. Ref. Bonds, Series 2021, Assured Guaranty Municipal insured, 5.00% 2030 | 25 | 33 | |
| Vineyard Redev. Agcy., Tax Increment Rev. and Rev. Ref. Bonds, Series 2021, Assured Guaranty Municipal insured, 5.00% 2031 | 20 | 27 | |
| 4,683 | |||
| Vermont 0.06% | |||
| Housing Fin. Agcy., Multiple Purpose Bonds, Series 2018-A, 4.00% 2048 | 245 | 266 | |
| Housing Fin. Agcy., Multiple Purpose Bonds, Series 2020-A, 3.75% 2050 | 165 | 184 | |
| 450 | |||
| Virginia 1.50% | |||
| County of Arlington, Industrial Dev. Auth., Hospital Rev. Bonds (Virginia Hospital Center), Series 2020, 5.00% 2031 | 600 | 800 | |
| County of Arlington, Industrial Dev. Auth., Hospital Rev. Bonds (Virginia Hospital Center), Series 2020, 5.00% 2032 | 215 | 286 | |
| County of Charles City, Econ. Dev. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2004-A, 2.875% 2029 | 1,000 | 1,124 | |
| College Building Auth., Educational Facs. Rev. Bonds (21st Century College and Equipment Programs), Series 2012-A, 5.00% 2024 (preref. 2022) | 295 | 302 | |
| College Building Auth., Educational Facs. Rev. Bonds (21st Century College and Equipment Programs), Series 2013-A, 4.50% 2033 | 1,865 | 1,989 | |
| College Building Auth., Educational Facs. Rev. Bonds (21st Century College and Equipment Programs), Series 2013-A, 4.50% 2034 | 975 | 1,040 | |
Capital Group Core Municipal Fund — Page 24 of 84
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| Bonds, notes & other debt instruments (continued) Virginia (continued) | Principal amount (000) | Value (000) | |
| College Building Auth., Educational Facs. Rev. Bonds (Regent University Project), Series 2021, 5.00% 2029 | $375 | $481 | |
| College Building Auth., Educational Facs. Rev. Bonds (Regent University Project), Series 2021, 5.00% 2030 | 375 | 489 | |
| County of Fairfax, Redev. and Housing Auth., Multi Family Housing Rev. Bonds (Arrowbrook Apartments Project), Series 2020, 0.41% 2041 (put 2024) | 1,000 | 1,005 | |
| County of Halifax, Industrial Dev. Auth., Recovery Zone Fac. Rev. Bonds (Virginia Electric and Power Co. Project), Series 2010-A, 0.45% 2041 (put 2022) | 740 | 741 | |
| County of Henrico, Econ. Dev. Auth., Residential Care Fac. Rev. Ref. Bonds (Westminster Canterbury Richmond), Series 2018, 5.00% 2023 | 575 | 631 | |
| Town of Louisa, Industrial Dev. Auth., Pollution Control Rev. Ref. Bonds (Virginia Electric and Power Co. Project), Series 2008-A, 1.90% 2035 (put 2023) | 1,000 | 1,029 | |
| Small Business Fncg. Auth., Rev. Bonds (National Senior Campuses, Inc. Obligated Group), Series 2020-A, 5.00% 2027 | 350 | 427 | |
| Small Business Fncg. Auth., Rev. Bonds (National Senior Campuses, Inc. Obligated Group), Series 2020-A, 5.00% 2028 | 120 | 150 | |
| Small Business Fncg. Auth., Rev. Bonds (National Senior Campuses, Inc. Obligated Group), Series 2020-A, 5.00% 2029 | 140 | 176 | |
| Small Business Fncg. Auth., Rev. Bonds (National Senior Campuses, Inc. Obligated Group), Series 2020-A, 5.00% 2030 | 170 | 212 | |
| County of Wise, Industrial Dev. Auth., Solid Waste and Sewage Disposal Rev. Bonds (Virginia Electric and Power Co. Project), Series 2010-A, 1.20% 2040 (put 2024) | 640 | 657 | |
| 11,539 | |||
| Washington 2.24% | |||
| Energy Northwest, Electric Rev. and Rev. Ref. Bonds (Columbia Generating Station), Series 2020-A, 5.00% 2032 | 195 | 263 | |
| City of Everett, Housing Auth., Multi Family Housing Rev. Bonds (Baker Heights Legacy), Series 2021, 0.30% 2024 (put 2023) | 285 | 285 | |
| G.O. Bonds, Series 2012-D, 5.00% 2026 (preref. 2022) | 1,000 | 1,025 | |
| G.O. Bonds, Series 2017-D, 5.00% 2028 | 1,000 | 1,243 | |
| G.O. Bonds, Series 2019-C, 5.00% 2031 | 1,000 | 1,303 | |
| G.O. Bonds, Series 2012-D, 5.00% 2033 (preref. 2022) | 2,000 | 2,049 | |
| G.O. Bonds, Series 2019-A, 5.00% 2033 | 500 | 643 | |
| G.O. Rev. Ref. Bonds, Series 2017-R-A, 5.00% 2022 | 340 | 357 | |
| County of Grant, Public Utility Dist. No. 2, Electric System Rev. Ref. Bonds, Series 2017-O, 5.00% 2024 | 275 | 306 | |
| Health Care Facs. Auth., Rev. Ref. Bonds (Providence Health & Services), Series 2012-A, 5.00% 2021 | 120 | 121 | |
| Housing Fin. Commission, Multi Family Housing Rev. Bonds (Garten Haus Apartments Project), Series 2021, 0.37% 2024 (put 2023) | 170 | 170 | |
| Housing Fin. Commission, Municipal Certs., Series 2021-1, 3.50% 2035 | 983 | 1,161 | |
| Housing Fin. Commission, Nonprofit Housing Rev. Ref. Bonds (Horizon House Project), Series 2017, 5.00% 20233 | 1,095 | 1,165 | |
| Housing Fin. Commission, Single Family Program Bonds, Series 2017-1-N, 4.00% 2047 | 495 | 531 | |
| Housing Fin. Commission, Single Family Program Bonds, Series 2019-1-N, 4.00% 2049 | 310 | 343 | |
| Motor Vehicle Fuel Tax G.O. Bonds, Series 2021-D, 5.00% 2022 | 2,375 | 2,472 | |
| City of Seattle, Housing Auth., Rev. and Rev. Ref. Bonds (Northgate Plaza Project), Series 2021, 1.00% 2026 | 460 | 461 | |
| City of Seattle, Housing Auth., Rev. Bonds (Lam Bow Apartments Project), Series 2021, 1.25% 2024 | 55 | 56 | |
| City of Seattle, Municipal Light and Power Rev. Ref. Bonds, Series 2021-B, (SIFMA Municipal Swap Index + 0.25%) 0.27% 2045 (put 2026)2 | 765 | 765 | |
| City of Seattle, Municipal Light and Power Rev. Ref. Bonds, Series 2018-C-2, (SIFMA Municipal Swap Index + 0.49%) 0.51% 2046 (put 2023)2 | 825 | 828 | |
| City of Seattle, Solid Waste System Rev. Ref. Bonds, Series 2021, 5.00% 2029 | 170 | 226 | |
| City of Seattle, Solid Waste System Rev. Ref. Bonds, Series 2021, 5.00% 2030 | 175 | 238 | |
| Shoreline School Dist. No. 412, Unlimited Tax Improvement and Rev. Ref. Bonds, Series 2021-A, 4.00% 2026 | 1,000 | 1,189 | |
| 17,200 | |||
Capital Group Core Municipal Fund — Page 25 of 84
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| Bonds, notes & other debt instruments (continued) West Virginia 0.34% | Principal amount (000) | Value (000) | |
| Econ. Dev. Auth., Solid Waste Disposal Facs. Rev. Bonds (Appalachian Power Co. - Amos Project), Series 2009-B, 2.625% 2042 (put 2022) | $750 | $765 | |
| Econ. Dev. Auth., Solid Waste Disposal Facs. Rev. Ref. Bonds (Appalachian Power Co. - Amos Project), Series 2015-A, 2.55% 2040 (put 2024) | 500 | 528 | |
| Hospital Fin. Auth., Hospital Rev. Ref. and Improvement Bonds (West Virginia United Health System Obligated Group), Series 2013-A, 5.50% 2044 (preref. 2023) | 1,000 | 1,097 | |
| Housing Dev. Fund, Multi Family Housing Rev. Bonds (Charles Towers), Series 2021, 0.21% 2023 (put 2022) | 235 | 235 | |
| 2,625 | |||
| Wisconsin 1.65% | |||
| G.O. Bonds, Series 2015-A, 5.00% 2031 (preref. 2023) | 2,000 | 2,172 | |
| Health and Educational Facs. Auth., Health Facs. Rev. Bonds (SSM Health Care), Series 2018-B, 5.00% 2038 (put 2023) | 1,300 | 1,382 | |
| Health and Educational Facs. Auth., Rev. Bonds (Advocate Aurora Health Care Credit Group), Series 2018-C-3, (SIFMA Municipal Swap Index + 0.55%) 0.57% 2054 (put 2023)2 | 1,130 | 1,133 | |
| Health and Educational Facs. Auth., Rev. Bonds (Ascension Senior Credit Group), Series 2019-A, 5.00% 2021 | 325 | 330 | |
| Health and Educational Facs. Auth., Rev. Bonds (Ascension Senior Credit Group), Series 2016-A, 5.00% 2021 | 45 | 46 | |
| Health and Educational Facs. Auth., Rev. Bonds (Gundersen Lutheran), Series 2020, 5.00% 20263 | 1,910 | 2,247 | |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2017-C, 4.00% 2048 | 1,040 | 1,121 | |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2018-B, 4.00% 2048 | 805 | 870 | |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2020-A, 3.50% 2050 | 1,225 | 1,359 | |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2021-A, 3.00% 2052 | 410 | 453 | |
| Housing and Econ. Dev. Auth., Housing Rev. Bonds, Series 2021-B, 0.40% 2045 (put 2023) | 95 | 95 | |
| Housing and Econ. Dev. Auth., Housing Rev. Bonds, Series 2021-B, 0.50% 2050 (put 2024) | 120 | 120 | |
| Public Fin. Auth., Hospital Rev. Ref. Bonds (Renown Regional Medical Center Project), Series 2016-A, 5.00% 2022 | 300 | 312 | |
| Public Fin. Auth., Student Housing Rev. Bonds (Beyond Boone, LLC - Appalachian State University Project), Series 2019-A, Assured Guaranty Municipal insured, 5.00% 2030 | 315 | 396 | |
| WPPI Energy, Power Supply System Rev. Bonds, Series 2016-A, 5.00% 2026 | 500 | 605 | |
| 12,641 | |||
| Wyoming 0.52% | |||
| Community Dev. Auth., Housing Rev. Bonds, Series 2019-1, 4.00% 2048 | 825 | 910 | |
| Community Dev. Auth., Housing Rev. Bonds, Series 2021-1, 3.00% 2050 | 1,615 | 1,781 | |
| Community Dev. Auth., Housing Rev. Bonds, Series 2020-1, 4.00% 2050 | 1,180 | 1,330 | |
| 4,021 | |||
| Total bonds, notes & other debt instruments (cost: $641,736,000) | 661,165 | ||
| Short-term securities 15.71% Municipals 15.71% | |||
| State of Arizona, Industrial Dev. Auth., Hospital Rev. Ref. Bonds (Phoenix Children’s Hospital), Series 2019-B, 0.02% 20482 | 2,000 | 2,000 | |
| State of California, Kern Community College Dist., Facs. Improvement Dist. No. 1, G.O. Bond Anticipation Notes, Capital Appreciation Notes, Series 2020, 0% 2023 | 135 | 135 | |
| State of California, City of Los Angeles, California Tax and Rev. Anticipation Notes, Series 2021, 4.00% 6/23/2022 | 2,000 | 2,070 | |
| State of California, City of Los Angeles, Dept. of Water and Power, Power System Rev. Ref. Bonds, Series 2001-B-3, 0.02% 20342 | 1,500 | 1,500 | |
| State of California, County of Los Angeles, Tax and Rev. Anticipation Notes, Series 2021, 4.00% 6/30/2022 | 2,815 | 2,916 | |
| State of California, Pollution Control Fncg. Auth., Environmental Impact Rev. Bonds (Air Products and Chemicals, Inc. Project), Series 1997-B, 0.02% 20422 | 1,000 | 1,000 | |
| State of Colorado, Regents of the University of Colorado, University Enterprise Rev. and Rev. Ref. Bonds, Series 2020-A-2, 0.02% 20502 | 6,630 | 6,630 | |
| State of Florida, Capital Facs. Fin. Agcy., Solid Waste Disposal Rev. Ref. Bonds (Republic Services, Inc.), Series 2010-A, 0.12% 2034 (put 2021)4 | 3,115 | 3,115 | |
Capital Group Core Municipal Fund — Page 26 of 84
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| Short-term securities (continued) Municipals (continued) | Principal amount (000) | Value (000) | |
| State of Idaho, Tax Anticipation Notes, Series 2021, 3.00% 6/30/2022 | $5,000 | $5,133 | |
| State of Illinois, Fin. Auth., Demand Rev. Bonds (University of Chicago Medical Center), Series 2011-A, 0.02% 20442 | 2,950 | 2,950 | |
| State of Illinois, G.O. Bonds, Series 2020-D, 5.00% 10/1/2021 | 1,565 | 1,578 | |
| State of Illinois, G.O. Rev. Ref. Bonds, Series 2021-C, 4.00% 3/1/2022 | 665 | 680 | |
| State of Indiana, Bond Bank, Advance Funding Program Notes, Series 2021-A, 2.00% 1/10/2022 | 1,040 | 1,046 | |
| State of Indiana, Fin. Auth., Environmental Rev. Ref. Bonds (Duke Energy Indiana, Inc. Project), Series 2009-A-3, 0.04% 20392 | 5,000 | 5,000 | |
| State of Indiana, Fin. Auth., Wastewater Utility Rev. Ref. Bonds, Series 2021-1, 5.00% 10/1/2021 | 220 | 222 | |
| State of Iowa, Fin. Auth., Rev. Bonds (UnityPoint Health), Series 2018-F, 0.02% 20412 | 1,925 | 1,925 | |
| State of Louisiana, Parish of East Baton Rouge, Pollution Control Rev. Ref. Bonds (ExxonMobil Project), Series 1993, 0.04% 3/1/20222 | 3,845 | 3,845 | |
| State of Louisiana, Public Facs. Auth., Rev. Bonds (Air Products and Chemicals Project), Series 2009-A, 0.01% 20492 | 5,000 | 5,000 | |
| State of Louisiana, Public Facs. Auth., Rev. Bonds (Air Products and Chemicals Project), Series 2010, 0.01% 20502 | 500 | 500 | |
| State of Maryland, County of Montgomery, G.O. Bonds, Series 2017-E, 0.03% 20372 | 1,170 | 1,170 | |
| State of Michigan, Strategic Fund, Demand Limited Obligation Rev. Bonds (Air Products and Chemicals, Inc. Project), Series 2007, 0.02% 20422 | 4,700 | 4,700 | |
| State of Michigan, Regents of the University of Michigan, General Rev. Bonds, Series 2012-B, 0.02% 20422 | 7,435 | 7,435 | |
| State of Minnesota, City of Shakopee, Multi Family Housing Rev. Bonds (Shakopee Village Apartments Project), Series 2021, 0.25% 2024 (put 2022)4 | 140 | 140 | |
| State of Mississippi, Business Fin. Corp., Gulf Opportunity Zone Industrial Dev. Rev. Bonds (Chevron U.S.A., Inc. Project), Series 2010-G, 0.02% 20352 | 2,000 | 2,000 | |
| State of Mississippi, Business Fin. Corp., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2004, 0.55% 2029 (put 2021)4 | 500 | 500 | |
| State of New Hampshire, Health and Education Facs. Auth., Rev. Ref. Bonds (Dartmouth College Issue), Series 2007-B, 0.02% 20412 | 2,000 | 2,000 | |
| State of New York, Metropolitan Transportation Auth., Transportation Rev. Bond Anticipation Notes, Series 2020-A-2S, 4.00% 2/1/2022 | 1,160 | 1,180 | |
| State of New York, New York City G.O. Bonds, Series 2013-F-3, 0.02% 20422 | 4,665 | 4,665 | |
| State of New York, New York City G.O. Bonds, Series 2021-2, 0.12% 20422 | 695 | 695 | |
| State of New York, New York City G.O. Bonds, Series 2021-3, 0.12% 20422 | 530 | 530 | |
| State of New York, New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2011-FF-1, 0.02% 20442 | 3,500 | 3,500 | |
| State of New York, New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2021-EE-1, 0.03% 20452 | 5,000 | 5,000 | |
| State of New York, New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2016-AA-1, 0.02% 20482 | 2,170 | 2,170 | |
| State of New York, New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2015-BB-1, 0.02% 20492 | 5,500 | 5,500 | |
| State of New York, New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2016-A-4, 0.02% 20412 | 2,905 | 2,905 | |
| State of New York, New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2019-B-4, 0.03% 20422 | 1,000 | 1,000 | |
| State of New York, New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2015-E-4, 0.02% 20452 | 1,000 | 1,000 | |
| State of New York, New York City Trust for Cultural Resources, Rev. IAM Commercial Paper (American Museum of Natural History), Series 2014-B-1, 0.12% 2044 (put 2021)2,4 | 245 | 245 | |
| State of Ohio, Hospital Rev. Bonds (Cleveland Clinic Health System Obligated Group), Series 2019-F, 0.02% 20522 | 4,900 | 4,900 | |
| State of Pennsylvania, Econ. Dev. Fin. Auth., Solid Waste Rev. Ref. Bonds (Republic Service, Inc. Project), Series 2010-B, 0.15% 2030 (put 2021)4 | 1,650 | 1,650 | |
| State of South Carolina, Jobs-Econ. Dev. Auth., Hospital Rev. Bonds (Prisma Health Obligated Group), Series 2018-B, 0.02% 20482 | 5,000 | 5,000 | |
| State of Tennessee, City of Clarksville, Public Building Auth., Pooled Fncg. Rev. Bonds, Series 2003, Bank of America LOC, 0.03% 20332 | 1,955 | 1,955 | |
| State of Tennessee, County of Montgomery, Public Building Auth., Pooled Fncg. Rev. Bonds (Tennessee County Loan Pool), Series 2004, Bank of America LOC, 0.03% 20342 | 405 | 405 | |
Capital Group Core Municipal Fund — Page 27 of 84
unaudited
| Short-term securities (continued) Municipals (continued) | Principal amount (000) | Value (000) | |
| State of Texas, Lone Star College System, Limited Tax G.O. Bonds, Series 2021-A, 5.00% 2/15/2022 | $70 | $72 | |
| State of Texas, Lone Star College System, Limited Tax G.O. Rev. Ref. Bonds, Series 2021-B, 5.00% 2/15/2022 | 135 | 138 | |
| State of Texas, Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Ref. Bonds, Series 2021, 5.00% 12/15/2021 | 805 | 819 | |
| State of Texas, North East Independent School Dist., Unlimited Tax School Building Bonds, Series 2013-B, 0.25% 2032 (put 2022)4 | 130 | 130 | |
| State of Texas, Richardson Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 5.00% 2/15/2022 | 355 | 364 | |
| State of Texas, Tax and Rev. Anticipation Notes, Series 2020, 4.00% 8/26/2021 | 10,000 | 10,025 | |
| State of Utah, Provo City School Dist., G.O. Rev. Ref. Bonds, Series 2021-B, 5.00% 6/15/2022 | 1,000 | 1,043 | |
| State of Wisconsin, School Dist. of the City of Wisconsin Rapids and the Counties of Wood and Portage, Bond Anticipation Notes, Series 2021, 2.00% 1/6/2022 | 375 | 376 | |
| Total short-term securities (cost: $120,448,000) | 120,457 | ||
| Total investment securities 101.94% (cost: $762,184,000) | 781,622 | ||
| Other assets less liabilities (1.94%) | (14,908) | ||
| Net assets 100.00% | $766,714 | ||
Futures contracts
| Contracts | Type | Number of contracts | Expiration | Notional amount5 (000) | Value at 7/31/20216 (000) | Unrealized appreciation (depreciation) at 7/31/2021 (000) |
| 5 Year U.S. Treasury Note Futures | Long | 148 | September 2021 | $14,800 | $18,418 | $75 |
| 10 Year U.S. Treasury Note Futures | Short | 158 | September 2021 | (15,800) | (21,244) | (380) |
| $(305) |
| 1 | Step bond; coupon rate may change at a later date. |
| 2 | 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. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. |
| 3 | Acquired in a transaction exempt from registration under Rule 144A 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 $3,499,000, which represented .46% of the net assets of the fund. |
| 4 | For short-term securities, the mandatory put date is considered to be the maturity date. |
| 5 | Notional amount is calculated based on the number of contracts and notional contract size. |
| 6 | Value is calculated based on the notional amount and current market price. |
| Key to abbreviations and symbol | |
| Agcy. = Agency | G.O. = General Obligation |
| AMT = Alternative Minimum Tax | IAM = Interest at Maturity |
| Auth. = Authority | LIBOR = London Interbank Offered Rate |
| Certs. = Certificates | LOC = Letter of Credit |
| Dept. = Department | Part. = Participation |
| Dev. = Development | Preref. = Prerefunded |
| Dist. = District | Redev. = Redevelopment |
| Econ. = Economic | Ref. = Refunding |
| Fac. = Facility | Rev. = Revenue |
| Facs. = Facilities | SIFMA = Securities Industry and Financial Markets Association |
| Fin. = Finance | USD/$ = U.S. dollars |
| Fncg. = Financing |
Capital Group Core Municipal Fund — Page 28 of 84
Capital Group Short-Term Municipal FundSM
Investment portfolio
July 31, 2021
unaudited
| Bonds, notes & other debt instruments 88.95% Alabama 1.66% | Principal amount (000) | Value (000) | |
| City of Alabaster, Board of Education, Special Tax School Warrants, Series 2014-A, Assured Guaranty Municipal insured, 5.00% 2028 (preref. 2024) | $500 | $574 | |
| City of Birmingham, Water Works Board, Water Rev. Bonds, Series 2013-B, 5.00% 2038 (preref. 2023) | 500 | 535 | |
| Black Belt Energy Gas Dist., Gas Supply Prepay Rev. Bonds (Project No. 4), Series 2019-A, 4.00% 2049 (put 2025) | 750 | 856 | |
| Black Belt Energy Gas Dist., Gas Supply Prepay Rev. Bonds (Project No. 5), Series 2020-A-1, 4.00% 2049 (put 2026) | 455 | 530 | |
| Federal Aid Highway Fin. Auth., Federal Highway Grant Anticipation Bonds, Series 2012, 5.00% 2023 (preref. 2022) | 35 | 37 | |
| Housing Fin. Auth., Multi Family Housing Rev. Bonds (Capstone at Kinsey Cove Project), Series 2020-A, 0.35% 2023 (put 2023) | 110 | 110 | |
| South East Gas Supply Dist., Gas Supply Rev. Bonds (Project No. 2), Series 2018-A, 4.00% 2049 (put 2024) | 490 | 537 | |
| 3,179 | |||
| Alaska 0.16% | |||
| Housing Fin. Corp., General Mortgage Rev. Bonds, Series 2020-A, 3.25% 2044 | 275 | 305 | |
| Arizona 1.47% | |||
| Agricultural Improvement and Power Dist., Electric System Rev. Bonds (Salt River Project), Series 2021-A, 5.00% 2026 | 730 | 875 | |
| Board of Regents of the Arizona State University System, Rev. Bonds, Series 2020-A, 5.00% 2026 | 300 | 367 | |
| County of Coconino, Pollution Control Corp., Pollution Control Rev. Ref. Bonds, Series 2017-B, 1.65% 2039 (put 2023) | 500 | 511 | |
| City of Glendale, Industrial Dev. Auth., Rev. Ref. Bonds (Midwestern University), Series 2020, 5.00% 2022 | 185 | 192 | |
| Industrial Dev. Auth., Rev. Bonds (Lincoln South Beltway Project), Series 2020, 5.00% 2023 | 750 | 829 | |
| City of Phoenix, Civic Improvement Corp., Water System Rev. Ref. Bonds, Series 2014-B, 5.00% 2024 | 15 | 17 | |
| Rev. Ref. Certs. of Part., Series 2019-A, 5.00% 2021 | 15 | 15 | |
| 2,806 | |||
| Arkansas 0.08% | |||
| Board of Trustees of Pulaski Technical College, Student Tuition and Fee Rev. Capital Improvement and Rev. Ref. Bonds, Series 2011, 5.00% 2041 | 150 | 151 | |
| California 5.71% | |||
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2021-C, (SIFMA Municipal Swap Index + 0.45%) 0.47% 2056 (put 2026)1 | 65 | 65 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2006-C-1, (SIFMA Municipal Swap Index + 0.90%) 0.92% 2045 (put 2023)1 | 1,500 | 1,511 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2012-A, 5.00% 2042 (preref. 2022) | 795 | 844 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2016-B-2, 0.55% 2049 (put 2026) | 100 | 100 | |
| County of Contra Costa, Water Rev. Ref. Notes, Series 2019-F, 2.00% 2021 | 20 | 20 | |
| East Side Union High School Dist., G.O. Bonds, 2008 Election, Series 2012-D, 5.00% 2037 (preref. 2022) | 1,000 | 1,049 | |
| Eastern Municipal Water Dist., Water and Wastewater Rev. Ref. Bonds, Series 2021-A, 3.00% 2024 | 45 | 49 | |
| Fresno Unified School Dist., G.O. Bonds, 2016 Election, Series 2021-D, 2.00% 2023 | 30 | 31 | |
| Fresno Unified School Dist., G.O. Bonds, 2016 Election, Series 2021-D, 2.00% 2024 | 15 | 16 | |
| G.O. Rev. Ref. Bonds, Series 2021, 5.00% 2023 | 420 | 462 | |
Capital Group Short-Term Municipal Fund — Page 29 of 84
unaudited
| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Health Facs. Fncg. Auth., Rev. Bonds (Stanford Health Care), Series 2021-A, 3.00% 2054 (put 2025) | $475 | $527 | |
| Health Facs. Fncg. Auth., Rev. Green Bonds (Kaiser Permanente), Series 2017-C, 5.00% 2031 (put 2022) | 500 | 530 | |
| Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (Museum of Art Project), Series 2021-B, 0.72% 2050 (put 2026)1 | 100 | 101 | |
| City of Jurupa, Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2020-A, BAM insured, 5.00% 2022 | 115 | 121 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2018-B, 4.00% 2022 | 15 | 15 | |
| County of Los Angeles, Metropolitan Transportation Auth., Measure R Sales Tax Rev. Ref. Green Bonds, Series 2020-A, 5.00% 2024 | 125 | 142 | |
| Menifee Union School Dist., Public Fncg. Auth., Special Tax Rev. Bonds, Series 2016-A, BAM insured, 4.00% 2021 | 400 | 401 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2022-A, 5.00% 2025 | 180 | 207 | |
| County of San Diego, Regional Transportation Commission, Limited Sales Tax Rev. Short-Term Notes, Series 2021-A, 5.00% 2022 | 500 | 529 | |
| City and County of San Francisco, G.O. Rev. Ref. Bonds, Series 2020-R-2, 5.00% 2023 | 135 | 147 | |
| City and County of San Francisco, G.O. Rev. Ref. Bonds, Series 2020-R-2, 5.00% 2024 | 310 | 352 | |
| Cities of San Mateo and Foster City, Public Fin. Auth., Wastewater Rev. Notes, Series 2021-B, 5.00% 2025 | 345 | 410 | |
| Southern California Public Power Auth., Rev. Ref. Bonds (Magnolia Power Project A), Series 2020-1, 5.00% 2023 | 400 | 437 | |
| Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor Phase II Project), Series 2021-1, 5.00% 2023 | 20 | 22 | |
| Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor Phase II Project), Series 2021-1, 5.00% 2024 | 5 | 6 | |
| Southern California Public Power Auth., Transmission Project Rev. Bonds (Southern Transmission Project), Series 2017-A, 5.00% 2023 | 160 | 175 | |
| Stanislaus Union School Dist., G.O. Bonds, 2008 Election, Series 2011-B, Assured Guaranty Municipal insured, 5.125% 2041 (preref. 2021) | 1,400 | 1,400 | |
| Statewide Communities Dev. Auth., Multi Family Housing Rev. Bonds (Villa Del Sol Apartments), Series 2021-A-2, 0.39% 2023 (put 2023) | 80 | 80 | |
| Statewide Communities Dev. Auth., Multi Family Housing Rev. Bonds (Washington Court Apartments), Series 2021-E, 0.22% 2023 (put 2022) | 35 | 35 | |
| Statewide Communities Dev. Auth., Rev. Ref. Bonds (Enloe Medical Center), Series 2015, 5.00% 2028 | 250 | 299 | |
| City of Tustin, Community Facs. Dist. No. 2014-1 (Tustin Legacy/Standard Pacific), Special Tax Bonds, Series 2015-A, 5.00% 2027 | 200 | 235 | |
| Regents of the University of California, General Rev. Bonds, Series 2021-BH, 5.00% 2026 | 15 | 18 | |
| Regents of the University of California, Limited Project Rev. Bonds, Series 2022-S, 5.00% 2026 | 25 | 30 | |
| Val Verde Unified School Dist., G.O. Bonds, 2012 Election, Series 2013-A, BAM insured, 5.00% 2042 | 500 | 549 | |
| 10,915 | |||
| Colorado 0.83% | |||
| Certs. of Part., Series 2021-A, 5.00% 2025 | 345 | 414 | |
| City of Colorado Springs, Utilities System Rev. Ref. Bonds, Series 2020-B, 5.00% 2021 | 20 | 20 | |
| City and County of Denver, Park Creek Metropolitan Dist., Limited Property Tax Supported Rev. Ref. Bonds, Series 2015-A, 5.00% 2021 | 260 | 264 | |
| E-470 Public Highway Auth., Rev. Bonds, Series 2021-B, (USD-SOFR x 0.67 + 0.35%) 0.383% 2039 (put 2024)1 | 40 | 40 | |
| Health Facs. Auth., Rev. Bonds (Sanford Health), Series 2019-A, 5.00% 2022 | 325 | 345 | |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2021-E, 3.00% 2051 | 215 | 237 | |
| Regents of the University of Colorado, University Enterprise Rev. and Rev. Ref. Bonds, Series 2019-C, 2.00% 2054 (put 2024) | 245 | 258 | |
| 1,578 | |||
| Connecticut 3.07% | |||
| Town of East Hartford, Housing Auth., Multi Family Housing Rev. Bonds (Veterans Terrace Project), Series 2021, 0.25% 2023 (put 2022) | 45 | 45 | |
| Health and Educational Facs. Auth., Rev. Bonds (Sacred Heart University Issue), Series 2017-I-1, 5.00% 2022 | 500 | 522 | |
| Health and Educational Facs. Auth., Rev. Bonds (Yale University Issue), Series 1999-U-1, 2.00% 2033 (put 2022) | 500 | 505 | |
| Health and Educational Facs. Auth., Rev. Bonds (Yale University Issue), Series 2003-X-2, 0.025% 2037 (put 2024) | 875 | 875 | |
| Health and Educational Facs. Auth., Rev. Bonds (Yale University Issue), Series 2014-A, 1.10% 2048 (put 2023) | 750 | 761 | |
Capital Group Short-Term Municipal Fund — Page 30 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Connecticut (continued) | Principal amount (000) | Value (000) | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2019-F-1, 3.50% 2043 | $705 | $773 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-C-1, 4.00% 2044 | 215 | 224 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2016-A-1, 4.00% 2045 | 105 | 111 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2017-A-1, 4.00% 2047 | 525 | 568 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2021-B-1, 3.00% 2049 | 125 | 138 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Rev. Ref. Bonds, Series 2013-B-2, 4.00% 2032 | 95 | 97 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Rev. Ref. Bonds, Series 2014-D-1, 4.00% 2044 | 150 | 153 | |
| Housing Fin. Auth., Housing Mortgage Fin. Program Rev. Ref. Bonds, Series 2015-C-1, 3.50% 2045 | 225 | 236 | |
| Health and Educational Facs. Auth., Rev. Bonds (Yale University Issue), Series 2015-A, 0.375% 2035 (put 2024) | 855 | 859 | |
| 5,867 | |||
| District of Columbia 0.90% | |||
| G.O. Bonds, Series 2015-A, 5.00% 2032 | 700 | 821 | |
| Income Tax Secured Rev. Bonds, Series 2011-A, 5.00% 2022 | 320 | 325 | |
| Income Tax Secured Rev. Bonds, Series 2020-C, 5.00% 2024 | 500 | 566 | |
| 1,712 | |||
| Florida 3.50% | |||
| County of Brevard, Housing Fncg. Auth., Multi Family Mortgage Rev. Bonds (Tropical Manor Apartments), Series 2021, 0.25% 2023 (put 2022) | 40 | 40 | |
| Citizens Property Insurance Corp., Personal Lines Account/Commercial Lines Account Secured Bonds, Series 2012-A-1, 5.00% 2022 | 50 | 52 | |
| County of Collier, Heritage Bay Community Dev. Dist., Capital Improvement Rev. Bonds, Series 2018-A-2, 2.50% 2022 | 500 | 507 | |
| Board of Education, Public Education Capital Outlay Rev. Ref. Bonds, Series 2019-D, 5.00% 2023 | 15 | 16 | |
| Higher Educational Facs. Fncg. Auth., Educational Facs. Rev. Ref. Bonds (The University of Tampa Project), Series 2012-A, 5.25% 2042 (preref. 2022) | 1,000 | 1,034 | |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2018-2, 4.25% 2050 | 320 | 354 | |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2020-1, 3.50% 2051 | 50 | 56 | |
| JEA, Electric System Rev. Bonds, Series 2012-B, 5.00% 2023 (preref. 2021) | 1,095 | 1,104 | |
| JEA, Water and Sewer System Rev. Bonds, Series 2020-A, 5.00% 2025 | 280 | 334 | |
| County of Miami-Dade, Industrial Dev. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. of Florida Project), Series 2007, 0.45% 2027 (put 2021) | 615 | 616 | |
| County of Miami-Dade, Water and Sewer System Rev. Ref. Bonds, Series 2008-B, Assured Guaranty Municipal insured, 5.25% 2022 | 195 | 207 | |
| County of Orange, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Jernigan Gardens), Series 2020-B, 0.35% 2023 (put 2022) | 1,000 | 1,001 | |
| County of Orange, Sales Tax Rev. Ref. Bonds, Series 2012-B, 5.00% 2030 (preref. 2022) | 500 | 510 | |
| Orlando Utilities Commission, Utility System Rev. Ref. Bonds, Series 2011-C, 5.00% 2022 | 125 | 132 | |
| County of Polk, Utility System Rev. and Rev. Ref. Bonds, Series 2013, BAM insured, 5.00% 2043 (preref. 2023) | 110 | 121 | |
| City of Tampa, Hospital Rev. Bonds (H. Lee Moffitt Cancer Center Project), Series 2020-B, 5.00% 2024 | 100 | 114 | |
| City of Tampa, Hospital Rev. Bonds (H. Lee Moffitt Cancer Center Project), Series 2020-B, 5.00% 2025 | 75 | 88 | |
| City of Tampa, Hospital Rev. Bonds (H. Lee Moffitt Cancer Center Project), Series 2020-B, 5.00% 2026 | 100 | 121 | |
| Tampa-Hillsborough County Expressway Auth., Rev. Ref. Bonds, Series 2012-B, 5.00% 2042 (preref. 2022) | 200 | 209 | |
| Dept. of Transportation Fncg. Corp., Rev. Bonds, Series 2020, 5.00% 2024 | 65 | 74 | |
| 6,690 | |||
| Georgia 2.17% | |||
| City of Atlanta, Airport General Rev. Ref. Bonds, Series 2014-B, 5.00% 2026 | 800 | 890 | |
| City of Atlanta, Urban Residential Fin. Auth., Multi Family Housing Rev. Bonds (Sylvan Hills Senior Apartments Project), Series 2020, 0.41% 2025 (put 2023) | 85 | 85 | |
| County of Dekalb, Housing Auth., Multi Family Housing Rev. Bonds (Columbia Village Project), Series 2021-A, 0.34% 2024 (put 2023) | 35 | 35 | |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2015-A-1, 3.50% 2045 | 35 | 37 | |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2017-A, 4.00% 2047 | 465 | 501 | |
Capital Group Short-Term Municipal Fund — Page 31 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Georgia (continued) | Principal amount (000) | Value (000) | |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2019-C, 4.00% 2050 (put 2026) | $500 | $580 | |
| Metropolitan Atlanta Rapid Transit Auth., Sales Tax Rev. Ref. Bonds (Third Indenture Series), Series 2012-A, 5.00% 2030 (preref. 2022) | 870 | 909 | |
| City of Sandy Springs, Public Facs. Auth., Rev. Bonds (Sandy Springs City Center Project), Series 2015, 5.00% 2047 (preref. 2026) | 500 | 609 | |
| City of Thomaston, Housing Auth., Multi Family Housing Rev. Bonds (Eastgate Apartments Project), Series 2020-A, 0.34% 2023 (put 2022) | 500 | 501 | |
| 4,147 | |||
| Idaho 0.61% | |||
| Housing and Fin. Assn., Single Family Mortgage Bonds, Series 2019-A, 4.00% 2050 | 1,050 | 1,171 | |
| Illinois 6.85% | |||
| City of Chicago, Sales Tax Rev. Ref. Bonds, Series 2011-A, 5.00% 2041 (preref. 2022) | 205 | 209 | |
| City of Chicago, Wastewater Transmission Rev. Bonds, Series 2014, 5.00% 2024 | 625 | 697 | |
| City of Chicago, Water Rev. Ref. Bonds, Series 2017-2, 5.00% 2021 | 180 | 182 | |
| City of Chicago, Water Rev. Ref. Bonds, Series 2017, 5.00% 2022 | 540 | 572 | |
| Fin. Auth., Rev. Bonds (Art Institute of Chicago), Series 2016, 5.00% 2023 | 100 | 107 | |
| Fin. Auth., Rev. Bonds (Art Institute of Chicago), Series 2016, 5.00% 2024 | 130 | 146 | |
| Fin. Auth., Rev. Bonds (Centegra Health System), Series 2014-A, 5.00% 2027 | 200 | 229 | |
| Fin. Auth., Rev. Bonds (Northshore University Heathsystem), Series 2020-A, 5.00% 2029 | 605 | 798 | |
| Fin. Auth., Rev. Bonds (OSF Healthcare System), Series 2015-A, 5.00% 2021 | 1,100 | 1,115 | |
| Fin. Auth., Rev. Bonds (OSF Healthcare System), Series 2020-B-2, 5.00% 2050 (put 2026) | 40 | 48 | |
| Fin. Auth., Rev. Bonds (Presbyterian Homes Obligated Group), Series 2016-A, 5.00% 2023 | 225 | 243 | |
| Fin. Auth., Rev. Bonds (Presbyterian Homes Obligated Group), Series 2021-B, (SIFMA Municipal Swap Index + 0.70%) 0.72% 2042 (put 2026)1 | 25 | 25 | |
| Fin. Auth., Rev. Bonds (Presence Health Network), Series 2016-C, 5.00% 2026 | 515 | 623 | |
| Fin. Auth., Rev. Bonds (University of Chicago), Series 2014-A, 5.00% 2023 | 200 | 221 | |
| Fin. Auth., Rev. Bonds (University of Chicago), Series 2021-A, 5.00% 2025 | 40 | 48 | |
| Fin. Auth., Rev. Ref. Bonds (Anne & Robert H. Lurie Children’s Hospital), Series 2017, 5.00% 2022 | 240 | 252 | |
| Housing Dev. Auth., Multi Family Housing Rev. Bonds (Concord Commons), Series 2021, 0.25% 2024 (put 2023) | 595 | 596 | |
| Housing Dev. Auth., Multi Family Housing Rev. Notes (Marshall Field Garden Apartment Homes), Series 2015, (SIFMA Municipal Swap Index + 1.00%) 1.02% 2050 (put 2025)1 | 1,000 | 1,023 | |
| Board of Trustees of Illinois State University, Auxiliary Facs. System Rev. Bonds, Series 2016, Assured Guaranty Municipal insured, 5.00% 2022 | 600 | 619 | |
| Board of Trustees of Illinois State University, Auxiliary Facs. System Rev. Bonds, Series 2018-B, Assured Guaranty Municipal insured, 5.00% 2022 | 500 | 516 | |
| Board of Trustees of Illinois State University, Auxiliary Facs. System Rev. Bonds, Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2023 | 500 | 539 | |
| Railsplitter Tobacco Settlement Auth., Tobacco Settlement Rev. Bonds, Series 2017, 5.00% 2022 | 250 | 260 | |
| Railsplitter Tobacco Settlement Auth., Tobacco Settlement Rev. Bonds, Series 2017, 5.00% 2023 | 310 | 337 | |
| City of Springfield, Water Rev. Bonds, Series 2012, 5.00% 2037 (preref. 2022) | 500 | 514 | |
| Toll Highway Auth., Toll Highway Rev. Bonds, Series 2014-A, 5.00% 2021 | 120 | 122 | |
| Toll Highway Auth., Toll Highway Rev. Bonds, Series 2019-C, 5.00% 2023 | 190 | 203 | |
| Toll Highway Auth., Toll Highway Rev. Bonds, Series 2019-C, 5.00% 2025 | 545 | 631 | |
| Toll Highway Auth., Toll Highway Rev. Ref. Bonds, Series 2014-D, 5.00% 2022 | 185 | 189 | |
| Toll Highway Auth., Toll Highway Rev. Ref. Bonds, Series 2019-A, 5.00% 2023 | 175 | 187 | |
| Toll Highway Auth., Toll Highway Rev. Ref. Bonds, Series 2019-A, 5.00% 2025 | 250 | 289 | |
| Board of Trustees of the University of Illinois, Auxiliary Facs. System Rev. Bonds, Series 2018-A, 5.00% 2024 | 200 | 226 | |
| Board of Trustees of the University of Illinois, Auxiliary Facs. System Rev. Ref. Bonds, Series 2015-A, 5.00% 2026 | 620 | 720 | |
| County of Will, G.O. Bonds, Series 2016, 5.00% 2045 (preref. 2025) | 500 | 600 | |
| 13,086 | |||
Capital Group Short-Term Municipal Fund — Page 32 of 84
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| Bonds, notes & other debt instruments (continued) Indiana 2.05% | Principal amount (000) | Value (000) | |
| Bond Bank, Special Program Gas Rev. Bonds, Series 2007-A, 5.25% 2021 | $100 | $101 | |
| Fin. Auth., Health System Rev. Bonds (Indiana University Health), Series 2019-C, 5.00% 2022 | 40 | 43 | |
| Fin. Auth., Hospital Rev. Bonds (Community Health Network Project), Series 2012-A, 5.00% 2042 (preref. 2023) | 540 | 586 | |
| Fin. Auth., Hospital Rev. Ref. Bonds (Parkview Health System), Series 2012-A, 5.00% 2022 | 440 | 456 | |
| Fin. Auth., Rev. Bonds (Community Foundation of Northwest Indiana Obligated Group), Series 2012, 5.00% 2030 (preref. 2022) | 245 | 252 | |
| Fin. Auth., Wastewater Utility Rev. Ref. Bonds, Series 2021-1, 5.00% 2025 | 155 | 185 | |
| City of Franklin, Econ. Dev. and Rev. Ref. Bonds (Otterbein Homes Obligated Group), Series 2019-B, 5.00% 2023 | 510 | 554 | |
| Health Fac. Fncg. Auth., Rev. Bonds (Ascension Health Subordinate Credit Group), Series 2005-A-1, 4.00% 2023 | 15 | 16 | |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2019-A, 4.25% 2048 | 540 | 599 | |
| Housing and Community Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2020-A, 3.75% 2049 | 40 | 45 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds, Series 2021-A, 5.00% 2022 | 100 | 104 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series 2019-I-2, 5.00% 2023 | 230 | 246 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series 2019-I-2, 5.00% 2024 | 240 | 268 | |
| City of Indianapolis, Local Public Improvement Bond Bank Bonds (Indianapolis Airport Auth. Project), Series 2019-I-2, 5.00% 2025 | 255 | 296 | |
| City of Indianapolis, Local Public Improvement Bond Bank Rev. Ref. Bonds (Cityway 1 Project), Series 2021-B, 5.00% 2025 | 140 | 156 | |
| 3,907 | |||
| Iowa 0.26% | |||
| Fin. Auth., State Revolving Fund Rev. Bonds, Series 2011, 5.00% 2026 (preref. 2021) | 500 | 500 | |
| Kansas 0.02% | |||
| Unified Government of Wyandotte County, Board of Public Utilities, Utility System Improvement Rev. Bonds, Series 2012-B, 5.00% 2026 (preref. 2022) | 35 | 37 | |
| Kentucky 0.68% | |||
| Housing Corp., Multi Family Housing Rev. Bonds (New Hope Properties Portfolio Project), Series 2021, 0.41% 2024 (put 2023) | 485 | 487 | |
| Housing Corp., Multi Family Housing Rev. Bonds (Winterwood II Rural Housing Portfolio), Series 2021, 0.37% 2024 (put 2023) | 195 | 196 | |
| Property and Buildings Commission, Commonwealth Rev. Ref. Bonds (Project No. 125), Series 2021-A, 5.00% 2022 | 45 | 48 | |
| Public Energy Auth., Gas Supply Rev. Bonds, Series 2019-A-1, 4.00% 2049 (put 2025) | 320 | 360 | |
| Public Energy Auth., Gas Supply Rev. Bonds, Series 2018-B, 4.00% 2049 (put 2025) | 55 | 61 | |
| County of Warren, Hospital Rev. Ref. Bonds (Bowling Green - Warren County Community Hospital Corp.), Series 2021-A, 5.00% 2022 | 135 | 139 | |
| 1,291 | |||
| Louisiana 0.77% | |||
| Gasoline and Fuels Tax Rev. Ref. Bonds, Series 2017-D-2, 0.55% 2043 (put 2022) | 1,000 | 1,000 | |
| Housing Corp., Multi Family Housing Rev. Bonds (Mabry Place Townhomes Project), Series 2021, 0.31% 2024 (put 2023) | 55 | 55 | |
| Parish of Jefferson, Sales Tax Rev. Ref. Bonds, Series 2019-A, Assured Guaranty Municipal insured, 5.00% 2023 | 250 | 277 | |
| Offshore Terminal Auth., Deepwater Port Rev. Bonds (Loop LLC Project), Series 2007-A, 1.65% 2027 (put 2023) | 105 | 107 | |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Asset-Backed Rev. Ref. Bonds, Series 2013-A, 5.00% 2023 | 30 | 33 | |
| 1,472 | |||
Capital Group Short-Term Municipal Fund — Page 33 of 84
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| Bonds, notes & other debt instruments (continued) Maine 0.31% | Principal amount (000) | Value (000) | |
| Housing Auth., Mortgage Purchase Bonds, Series 2017-A, 4.00% 2047 | $250 | $268 | |
| Municipal Bond Bank, Grant Anticipation Bonds, Series 2018-A, 5.00% 2023 | 300 | 331 | |
| 599 | |||
| Maryland 1.93% | |||
| County of Baltimore, Rev. Bonds (Oak Crest Village, Inc. Fac.), Series 2016, 5.00% 2022 | 400 | 408 | |
| Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2018-A, 4.50% 2048 | 925 | 1,043 | |
| Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Bonds, Series 2019-A, 4.25% 2049 | 110 | 123 | |
| County of Montgomery, Housing Opportunities Commission, Single Family Housing Rev. Bonds, Series 2017-A, 4.00% 2048 | 270 | 294 | |
| County of Montgomery, Housing Opportunities Commission, Single Family Housing Rev. Bonds, Series 2018-A, 4.00% 2049 | 405 | 444 | |
| County of Prince George, G.O. Consolidated Public Improvement Bonds, Series 2011-A, 5.00% 2026 (preref. 2021) | 10 | 10 | |
| Stadium Auth., Rev. Bonds (Baltimore City Public Schools Construction and Revitalization Program), Series 2016, 5.00% 2041 (preref. 2026) | 1,025 | 1,247 | |
| Dept. of Transportation, Consolidated Transportation Rev. Ref. Bonds, Series 2015, 5.00% 2023 | 110 | 118 | |
| 3,687 | |||
| Massachusetts 0.42% | |||
| Dev. Fin. Agcy., Multi Family Housing Rev. Bonds (Salem Heights II Preservation Associates LP Issue), Series 2021-B, 0.25% 2024 (put 2023) | 50 | 50 | |
| Dev. Fin. Agcy., Rev. Ref. Bonds (Berkshire Health Systems Issue), Series 2021-I, 5.00% 2023 | 240 | 265 | |
| Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 169, 4.00% 2044 | 35 | 36 | |
| Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 183, 3.50% 2046 | 280 | 296 | |
| Housing Fin. Agcy., Single Family Housing Rev. Ref. Bonds, Series 171, 4.00% 2044 | 140 | 145 | |
| 792 | |||
| Michigan 3.16% | |||
| City of Detroit, Water and Sewerage Dept., Sewage Disposal System Rev. and Rev. Ref. Bonds, Series 2012-A, 5.00% 2023 | 700 | 731 | |
| City of Detroit, Water and Sewerage Dept., Sewage Disposal System Rev. and Rev. Ref. Bonds, Series 2012-A, 5.00% 2032 (preref. 2022) | 45 | 47 | |
| Fin. Auth., Hospital Rev. and Rev. Ref. Bonds (Trinity Health Credit Group), Series 2017-A, 5.00% 2047 (preref. 2022) | 1,290 | 1,375 | |
| Fin. Auth., Hospital Rev. Ref. Bonds (McLaren Health Care), Series 2015-D-1, 0.15% 2021 | 40 | 40 | |
| Fin. Auth., Hospital Rev. Ref. Bonds (McLaren Health Care), Series 2015-D-1, 0.25% 2022 | 5 | 5 | |
| Grant Anticipation Rev. Ref. Bonds, Series 2016, 5.00% 2027 | 500 | 625 | |
| Hospital Fin. Auth., Hospital Rev. Ref. Bonds (Trinity Health Credit Group), Series 2012-C, 5.00% 2026 (preref. 2022) | 120 | 125 | |
| Housing Dev. Auth., Multi Family Housing Rev. Bonds, Series 2020, 0.32% 2023 (put 2022) | 415 | 416 | |
| Housing Dev. Auth., Rental Housing Rev. Bonds, Series 2021-A, 0.55% 2025 | 50 | 50 | |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2017-B, 3.50% 2048 | 90 | 97 | |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2018-C, 4.25% 2049 | 550 | 610 | |
| City of Lansing, Board of Water and Light, Utility System Rev. Bonds, Series 2019-A, 5.00% 2024 | 375 | 427 | |
| County of Monroe, Econ. Dev. Corp., Limited Obligation Rev. Ref. Bonds (Detroit Edison Co. Project), Series 1992-AA, National insured, 6.95% 2022 | 500 | 536 | |
| Strategic Fund, Limited Obligation Rev. Ref. Bonds (Detroit Edison Co. Exempt Facs. Project), Series 2008-ET-2, 1.45% 2029 (put 2021) | 325 | 325 | |
Capital Group Short-Term Municipal Fund — Page 34 of 84
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| Bonds, notes & other debt instruments (continued) Michigan (continued) | Principal amount (000) | Value (000) | |
| County of Wayne, Airport Auth., Airport Rev. Bonds (Detroit Metropolitan Wayne County Airport), Series 2015-G, 5.00% 2021 | $300 | $305 | |
| County of Wayne, Airport Auth., Airport Rev. Bonds (Detroit Metropolitan Wayne County Airport), Series 2018-C, 5.00% 2023 | 290 | 323 | |
| 6,037 | |||
| Minnesota 0.82% | |||
| City of Hopkins, Multi Family Housing Rev. Bonds (Raspberry Ridge Project), Series 2021, 0.26% 2024 (put 2023) | 145 | 145 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2018-E, 4.25% 2049 | 620 | 693 | |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2020-B, 3.50% 2050 | 475 | 525 | |
| City of Mahtomedi, Multi Family Housing Rev. Bonds (Lincoln Place / Vadnais Highlands Projects), Series 2021, 0.25% 2023 (put 2022) | 80 | 80 | |
| Regents of the University of Minnesota, G.O. Rev. Ref. Bonds, Series 2017B, 5.00% 2021 | 120 | 122 | |
| 1,565 | |||
| Mississippi 0.03% | |||
| Home Corp., Collateralized Multi Family Housing Bonds (J&A Dev. Portfolio Project I), Series 2021-1, 0.30% 2024 (put 2023) | 60 | 60 | |
| Missouri 0.50% | |||
| Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), Series 2016-B, 3.50% 2041 | 655 | 691 | |
| Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), Series 2020-A, 3.50% 2050 | 185 | 204 | |
| Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), Series 2021-A, 3.00% 2052 | 60 | 66 | |
| 961 | |||
| Montana 0.22% | |||
| Board of Housing, Single Family Mortgage Bonds, Series 2016-A-2, 3.50% 2044 | 115 | 123 | |
| Board of Housing, Single Family Mortgage Bonds, Series 2019-A, 4.25% 2045 | 130 | 144 | |
| Board of Housing, Single Family Mortgage Bonds, Series 2020-B, 4.00% 2050 | 140 | 158 | |
| 425 | |||
| Nebraska 0.68% | |||
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-E, 3.00% 2043 | 10 | 10 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2014-A, 4.00% 2044 | 235 | 248 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2016-C, 3.50% 2046 | 105 | 106 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2018-C, 4.00% 2048 | 475 | 521 | |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2021-C, 3.00% 2050 | 375 | 415 | |
| 1,300 | |||
| Nevada 1.62% | |||
| County of Clark, Airport System Rev. Ref. Bonds., Series 2019-D, 5.00% 2024 | 1,000 | 1,140 | |
| County of Clark, Pollution Control Rev. Ref. Bonds (Nevada Power Co. Projects), Series 2017, 1.65% 2036 (put 2023) | 645 | 660 | |
| Housing Division, Multi Unit Housing Rev. Bonds (Pinewood Terrace Apartments), Series 2021, 0.26% 2024 (put 2022) | 75 | 75 | |
| Las Vegas Valley Water Dist., Limited Tax G.O. Water Improvement and Rev. Ref. Bonds, Series 2016-A, 5.00% 2023 | 600 | 654 | |
| Las Vegas Valley Water Dist., Limited Tax G.O. Water Improvement and Rev. Ref. Bonds, Series 2016-A, 5.00% 2024 | 500 | 569 | |
| 3,098 | |||
Capital Group Short-Term Municipal Fund — Page 35 of 84
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| Bonds, notes & other debt instruments (continued) New Jersey 0.98% | Principal amount (000) | Value (000) | |
| Econ. Dev. Auth., Water Facs. Rev. Ref. Bonds (American Water Co., Inc. Project), Series 2020-A, 1.00% 2023 | $275 | $279 | |
| Housing and Mortgage Fin. Agcy., Multi Family Conduit Rev. Bonds (Pilgrim Baptist Village I & II), Series 2019-E, 1.50% 2022 (put 2021) | 155 | 155 | |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2018-A, 4.50% 2048 | 510 | 574 | |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Bonds, Series 2018-A, 5.00% 2023 | 200 | 218 | |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Bonds, Series 2018-A, 5.00% 2026 | 500 | 607 | |
| Turnpike Auth., Turnpike Rev. Bonds, Series 2020-D, 5.00% 2028 | 30 | 36 | |
| 1,869 | |||
| New Mexico 0.33% | |||
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2019-A-1, Class I, 4.25% 2050 | 415 | 464 | |
| Municipal Energy Acquisition Auth., Gas Supply Rev. Ref. and Acquisition Bonds, Series 2019, 5.00% 2039 (put 2025) | 135 | 157 | |
| 621 | |||
| New York 6.07% | |||
| Build NYC Resource Corp., Rev. Ref. Bonds (Ethical Culture Fieldston School Project), Series 2015, 5.00% 2024 | 360 | 406 | |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2017-A, 5.00% 2022 | 175 | 180 | |
| City of Geneva, Dev. Corp., Rev. Ref. Bonds (Hobart and William Smith Colleges Project), Series 2012, 5.00% 2032 (preref. 2022) | 40 | 42 | |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2020-K, 0.70% 2024 | 85 | 85 | |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2020-L-2, 0.75% 2025 | 250 | 251 | |
| Housing Fin. Agcy., Affordable Housing Rev. Green Bonds, Series 2021-D-2, 0.65% 2056 (put 2025) | 195 | 196 | |
| Long Island Power Auth., Electric System General Rev. Bonds, Series 2014-C, (1-month USD-LIBOR x 0.70 + 0.75%) 0.82% 2033 (put 2023)1 | 300 | 301 | |
| Long Island Power Auth., Electric System General Rev. Bonds, Series 2015-C, (1-month USD-LIBOR x 0.70 + 0.75%) 0.82% 2033 (put 2023)1 | 260 | 261 | |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2012-B, 5.00% 2022 | 195 | 207 | |
| Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2012-C, 5.00% 2032 (preref. 2022) | 500 | 532 | |
| Metropolitan Transportation Auth., Transportation Rev. Green Bonds, Series 2016-A-2, 5.00% 2024 | 300 | 345 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2012-F, 5.00% 2022 | 230 | 244 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2002-D-2-B, Assured Guaranty Municipal insured, (USD-SOFR x 0.67 + 0.55%) 0.583% 2032 (put 2024)1 | 255 | 257 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Bonds, Series 2002-D-2-A-2, Assured Guaranty Municipal insured, (USD-SOFR x 0.67 + 0.80%) 0.833% 2032 (put 2026)1 | 60 | 61 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2017-B, 5.00% 2023 | 455 | 503 | |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2017-C-1, 5.00% 2024 | 50 | 57 | |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 197, 3.50% 2044 | 475 | 505 | |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 233, 3.00% 2045 | 300 | 330 | |
| Mortgage Agcy., Homeowner Mortgage Rev. Bonds, Series 213, 4.25% 2047 | 560 | 618 | |
| New York City G.O. Bonds, Series 2018-C, 5.00% 2023 | 1,000 | 1,098 | |
| New York City G.O. Bonds, Series 2019-E, 5.00% 2024 | 900 | 1,030 | |
| New York City G.O. Bonds, Series 2014-I-1, 5.00% 2026 | 185 | 208 | |
| New York City G.O. Bonds, Series 2015-F-4, 5.00% 2044 (put 2025) | 75 | 88 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Dev. Bonds), Series 2017-C-3-A, 0.20% 2022 | 45 | 45 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Dev. Bonds), Series 2016-C-2, 0.23% 2050 (put 2022) | 55 | 55 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Dev. Bonds), Series 2021-C-2, 0.70% 2060 (put 2025) | 330 | 332 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Neighborhood Bonds), Series 2017-G-2-A, 2.00% 2057 (put 2021) | 155 | 156 | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds (Sustainable Neighborhood Bonds), Series 2020-I-2, 0.70% 2060 (put 2025) | 230 | 231 | |
Capital Group Short-Term Municipal Fund — Page 36 of 84
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| Bonds, notes & other debt instruments (continued) New York (continued) | Principal amount (000) | Value (000) | |
| New York City Housing Dev. Corp., Multi Family Housing Rev. Green Bonds, Series 2021-F-2, 0.60% 2061 (put 2025) | $220 | $221 | |
| New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2021-BB-2, 4.00% 2024 | 500 | 556 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2019-C-1, 5.00% 2021 | 150 | 152 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2020-A-1, 5.00% 2022 | 10 | 10 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2021-E-1, 5.00% 2023 | 20 | 22 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2021-F-1, 5.00% 2024 | 400 | 462 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2020-C-1, 5.00% 2026 | 60 | 74 | |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Series 2013-I, 5.00% 2027 | 180 | 195 | |
| Public Housing Capital Fund Rev. Trust I, Trust Certs., Series 2012, 4.50% 20222 | 64 | 64 | |
| Triborough Bridge and Tunnel Auth., General Rev. Bonds (MTA Bridges and Tunnels), Series 2017-C-1, 5.00% 2025 | 500 | 599 | |
| Utility Debt Securitization Auth., Restructuring Bonds, Series 2017, 5.00% 2025 | 10 | 11 | |
| County of Westchester, Industrial Dev. Agcy., Multi Family Housing Rev. Bonds (EG Mt. Vernon Preservation, LP Project), Series 2020, 0.30% 2023 (put 2022) | 155 | 155 | |
| County of Westchester, Industrial Dev. Agcy., Multi Family Housing Rev. Bonds (Marble Hall - Tuckahoe LP Project), Series 2021, 0.28% 2024 (put 2023) | 455 | 456 | |
| 11,601 | |||
| North Carolina 1.85% | |||
| City of Burlington, Housing Auth., Multi Family Housing Rev. Bonds (Thetford Portfolio), Series 2021, 0.30% 2024 (put 2022) | 325 | 325 | |
| City of Durham, Housing Auth., Multi Family Housing Rev. Bonds (JJ Henderson Apartments Project), Series 2020, 0.30% 2024 (put 2023) | 20 | 20 | |
| City of Goldsboro, Multi Family Housing Rev. Bonds (Grand at Day Point), Series 2021, 0.28% 2024 (put 2023) | 105 | 105 | |
| Hospital Auth., Health Care Rev. Bonds (Charlotte-Mecklenburg Hospital), Series 2021-B, 5.00% 2050 (put 2024) | 980 | 1,136 | |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 38-B, 4.00% 2047 | 230 | 250 | |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 44, 4.00% 2050 | 80 | 90 | |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 42, 4.00% 2050 | 75 | 84 | |
| Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Winds Crest Senior Living, LP), Series 2021, 0.36% 2024 (put 2023) | 105 | 105 | |
| City of Sanford, Housing Auth., Multi Family Housing Rev. Bonds (Matthews Garden Gilmore), Series 2020, 0.30% 2023 (put 2022) | 750 | 751 | |
| University of North Carolina at Chapel Hill, General Rev. Bonds, Series 2012-B, (1-month USD-LIBOR x 0.67 + 0.40%) 0.467% 2041 (put 2022)1 | 440 | 441 | |
| County of Wake, G.O. Public Improvement Bonds, Series 2014, 5.00% 2021 | 20 | 20 | |
| City of Winston-Salem, Water and Sewer System Rev. Ref. Bonds, Series 2020-A, 5.00% 2022 | 200 | 208 | |
| 3,535 | |||
| North Dakota 0.48% | |||
| County of Cass, Joint Water Resource Dist., Temporary Rev. Ref. Improvement Bonds, Series 2021-A, 0.48% 2024 | 80 | 80 | |
| Housing Fin. Agcy., Homeownership Rev. Bonds (Home Mortgage Fin. Program), Series 2016-D, 3.50% 2046 | 125 | 135 | |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2015-A, 4.00% 2038 | 420 | 439 | |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2015-D, 4.00% 2046 | 240 | 255 | |
| 909 | |||
| Ohio 2.38% | |||
| Akron, Bath and Copley Joint Township Hospital Dist., Hospital Facs. Rev. Bonds (Akron General Health System), Series 2012, 5.00% 2031 (preref. 2022) | 375 | 382 | |
| G.O. Conservation Projects Bonds, Series 2019-A, 2.00% 2022 | 20 | 20 | |
| G.O. Higher Education Bonds, Series 2021-A, 5.00% 2025 | 45 | 53 | |
| G.O. Infrastructure Improvement Rev. Ref. Bonds, Series 2016-A, 5.00% 2022 | 600 | 641 | |
| County of Geauga, Rev. Bonds (South Franklin Circle Project), Series 2012-A, 8.00% 2047 (preref. 2022)3 | 890 | 1,005 | |
| Hospital Rev. Ref. Bonds (Cleveland Clinic Health System Obligated Group), Series 2021-B, 5.00% 2024 | 310 | 343 | |
Capital Group Short-Term Municipal Fund — Page 37 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Ohio (continued) | Principal amount (000) | Value (000) | |
| Hospital Rev. Ref. Bonds (Cleveland Clinic Health System Obligated Group), Series 2021-B, 5.00% 2026 | $500 | $594 | |
| Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Chevybrook Estates Apartments Project), Series 2021, 0.35% 2024 (put 2023) | 50 | 50 | |
| Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Glen Meadows Apartments Project), Series 2021-A, 0.40% 2024 (put 2023) | 80 | 80 | |
| Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Pinzone Tower Apartments Project), Series 2021, 0.28% 2023 (put 2022) | 190 | 190 | |
| Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2017-D, 4.00% 2048 | 80 | 87 | |
| Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2019-A, 4.50% 2049 | 200 | 224 | |
| Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2020-A, 3.75% 2050 | 140 | 157 | |
| Madison Local School Dist., School Improvement Rev. Ref. Bonds, Series 2014, 5.25% 2037 (preref. 2022) | 530 | 553 | |
| Turnpike and Infrastructure Commission, Rev. Bonds, Series 2013-A-1, 5.00% 2025 | 125 | 134 | |
| Water Dev. Auth., Water Dev. Rev. Bonds, Series 2013-A, 5.00% 2023 | 25 | 27 | |
| 4,540 | |||
| Oklahoma 0.67% | |||
| Capital Improvement Auth., State Highways Capital Improvement Rev. Ref. Bonds (Oklahoma Dept. of Transportation Project), Series 2020-A, 5.00% 2023 | 145 | 159 | |
| Housing Fin. Agcy., Collateralized Rev. Bonds (Deer Park & Apple Run Apartments), Series 2019, 1.60% 2022 | 250 | 251 | |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds (Homeownership Loan Program), Series 2012-A, 5.00% 2043 | 60 | 61 | |
| Board of Regents of Oklahoma State University, General Rev. Ref. Bonds, Series 2020-A, 5.00% 2024 | 275 | 315 | |
| Board of Regents of Oklahoma State University, General Rev. Ref. Bonds, Series 2020-A, 5.00% 2025 | 420 | 500 | |
| 1,286 | |||
| Oregon 0.09% | |||
| Housing and Community Services Dept., Housing Dev. Rev. Bonds (The Susan Emmons Apartments Project), Series 2021-S-2, 0.38% 2024 (put 2023) | 115 | 115 | |
| Housing and Community Services Dept., Housing Dev. Rev. Bonds (Westwind Apartments Project), Series 2021-H, 0.25% 2024 (put 2023) | 50 | 50 | |
| 165 | |||
| Pennsylvania 1.72% | |||
| County of Allegheny, Hospital Dev. Auth., UPMC Rev. Bonds, Series 2019-A, 5.00% 2022 | 300 | 314 | |
| Cumberland Valley School Dist., G.O. Bonds, Series 2015, 5.00% 2032 (preref. 2023) | 20 | 22 | |
| Cumberland Valley School Dist., G.O. Bonds, Series 2015, 5.00% 2034 (preref. 2023) | 20 | 22 | |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2017-122, 4.00% 2046 | 235 | 253 | |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2020-133, 3.00% 2050 | 355 | 388 | |
| Housing Fin. Agcy., Special Limited Obligation, Multi Family Housing Dev. Bonds (Harrison Senior Tower), Series 2021, 0.25% 2024 (put 2023) | 285 | 285 | |
| Housing Fin. Agcy., Special Limited Obligation, Multi Family Housing Dev. Bonds (School of Nursing), Series 2021, 0.27% 2024 (put 2023) | 85 | 85 | |
| County of Montgomery, Higher Education and Health Auth., Hospital Rev. Bonds (Abington Memorial Hospital Obligated Group), Series 2012-A, 5.00% 2031 (preref. 2022) | 775 | 806 | |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2021-B, 5.00% 2022 | 95 | 101 | |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2011-E, 5.00% 2042 (preref. 2022) | 275 | 293 | |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2011-E, 5.00% 2029 (preref. 2021) | 185 | 188 | |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2011-E, 5.00% 2030 (preref. 2021) | 55 | 56 | |
| Turnpike Commission, Turnpike Rev. Bonds (Motor License Fund), Series 2019-A, 5.00% 2023 | 200 | 223 | |
| Wilkes-Barre Area School Dist., G.O. Bonds, Series 2019, BAM insured, 5.00% 2023 | 225 | 243 | |
| 3,279 | |||
Capital Group Short-Term Municipal Fund — Page 38 of 84
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| Bonds, notes & other debt instruments (continued) Rhode Island 0.12% | Principal amount (000) | Value (000) | |
| Housing and Mortgage Fin. Corp., Homeownership Opportunity Bonds, Series 66-A-1, 4.00% 2033 | $225 | $232 | |
| South Carolina 1.46% | |||
| County of Charleston, G.O. Capital Improvement Transportation Sales Tax Bonds, Series 2011, 5.00% 2024 (preref. 2021) | 500 | 506 | |
| City of Columbia, Housing Auth., Multi Family Housing Rev. Bonds (Palmetto Terrace Apartments Project), Series 2021, 0.31% 2024 (put 2023) | 130 | 130 | |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2018-A, 4.50% 2048 | 235 | 261 | |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2020-A, 4.00% 2050 | 165 | 187 | |
| Housing Fin. and Dev. Auth., Mortgage Rev. Ref. Bonds, Series 2016-A, 4.00% 2036 | 240 | 261 | |
| County of Lexington, Health Services Dist., Inc., Hospital Rev. Ref. Bonds, Series 2017, 5.00% 2021 | 250 | 253 | |
| Patriots Energy Group Fncg. Agcy., Gas Supply Rev. Bonds, Series 2018-A, 4.00% 2048 (put 2024) | 55 | 60 | |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2011-B, 5.00% 2021 (escrowed to maturity) | 405 | 411 | |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-C, 5.00% 2025 | 120 | 138 | |
| Public Service Auth., Rev. Obligations (Santee Cooper), Series 2011-C, 5.00% 2036 | 110 | 112 | |
| Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2015-A, 5.00% 2028 | 35 | 41 | |
| Town of Southold, Local Dev. Corp., Rev. Bonds (Peconic Landing at Southold, Inc. Project), Series 2015, 5.00% 2022 | 400 | 425 | |
| 2,785 | |||
| South Dakota 0.46% | |||
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2014-E, 4.00% 2044 | 120 | 126 | |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2018-B, 4.50% 2048 | 415 | 463 | |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2021-B, 3.00% 2051 | 260 | 288 | |
| 877 | |||
| Tennessee 1.71% | |||
| Town of Greeneville, Health and Educational Facs. Board, Multi Family Housing Rev. Bonds (People RD Portfolio Project), Series 2019, 1.45% 2022 (put 2021) | 1,100 | 1,105 | |
| Housing Dev. Agcy., Homeownership Program Bonds, Series 2012-1-C, 4.50% 2037 | 35 | 36 | |
| Housing Dev. Agcy., Homeownership Program Bonds, Series 2012-2-C, 4.00% 2038 | 30 | 30 | |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2017-1, 4.00% 2042 | 210 | 228 | |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2014-2-A, 4.00% 2045 | 625 | 666 | |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2014-2-C, 4.00% 2045 | 270 | 286 | |
| City of Knoxville, Community Dev. Corp., Collateralized Multi Family Housing Bonds (Austin 1B Apartments Project), Series 2021, 0.22% 2024 (put 2023) | 40 | 40 | |
| Metropolitan Government of Nashville and Davidson County, Water & Sewer Rev. Bonds, Series 2013, 5.00% 2025 | 85 | 93 | |
| Tennessee Energy Acquisition Corp., Gas Project Rev. Bonds, Series 2006-A, 5.25% 2021 | 260 | 261 | |
| Tennessee Energy Acquisition Corp., Gas Project Rev. Bonds, Series 2017-A, 4.00% 2048 (put 2023) | 500 | 530 | |
| 3,275 | |||
| Texas 21.63% | |||
| Affordable Housing Corp., Multi Family Housing Rev. Bonds (Apartments of Las Palmas I LLC), Series 2021, 0.25% 2024 (put 2022) | 15 | 15 | |
| Alvin Independent School Dist., Unlimited Tax Schoolhouse and Rev. Ref. Bonds, Series 2020, 5.00% 2022 | 625 | 641 | |
| Arlington Higher Education Fin. Corp., Education Rev. and Rev. Ref. Bonds (Uplift Education), Series 2017-A, 5.00% 2022 | 645 | 687 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Great Hearts America - Texas), Series 2021-A, 4.00% 2025 | 15 | 17 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Great Hearts America - Texas), Series 2021-A, 4.00% 2026 | 15 | 18 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Harmony Public Schools), Series 2016-A, 5.00% 2024 | 310 | 347 | |
Capital Group Short-Term Municipal Fund — Page 39 of 84
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| Bonds, notes & other debt instruments (continued) Texas (continued) | Principal amount (000) | Value (000) | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (KIPP Texas, Inc.), Series 2019, 5.00% 2026 | $560 | $684 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Riverwalk Education Foundation, Inc.), Series 2019, 5.00% 2022 | 350 | 368 | |
| Arlington Higher Education Fin. Corp., Education Rev. Bonds (Riverwalk Education Foundation, Inc.), Series 2019, 5.00% 2025 | 800 | 942 | |
| Arlington Independent School Dist., Unlimited Tax School Building Bonds, Series 2017, 5.00% 2022 | 405 | 416 | |
| City of Arlington, Water and Wastewater System Rev. Bonds, Series 2021, 5.00% 2023 | 165 | 180 | |
| Austin Affordable PFC, Inc., Multi Family Housing Rev. Bonds (Bridge at Turtle Creek Apartments), Series 2020, 0.42% 2040 (put 2023) | 215 | 216 | |
| Austin Community College Dist., Maintenance Tax Notes, Series 2021, 5.00% 2022 | 100 | 105 | |
| City of Austin, Water and Wastewater System Rev. Ref. Bonds, Series 2020-C, 5.00% 2025 | 510 | 612 | |
| County of Bexar, Combination Tax and Rev. Certs. of Obligation, Series 2013-B, 5.00% 2033 (preref. 2023) | 105 | 115 | |
| Brazosport Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2020, 5.00% 2022 | 1,000 | 1,026 | |
| Brazosport Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 2022 | 70 | 72 | |
| Brownsville Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020-A, 3.00% 2026 | 500 | 564 | |
| County of Cameron, Housing Fin. Corp., Multi Family Housing Rev. Bonds (Sunland Country Apartments), Series 2021, 0.28% 2024 (put 2023) | 50 | 50 | |
| Canyon Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 2022 | 165 | 169 | |
| Capital Area Housing Fin. Corp., Multi Family Housing Rev. Bonds (Redwood Apartments), Series 2020, 0.41% 2041 (put 2024) | 460 | 462 | |
| Carrollton-Farmers Branch Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 5.00% 2023 | 135 | 145 | |
| Clear Creek Independent School Dist., Unlimited Tax School Building Bonds, Series 2013-B, 0.28% 2038 (put 2024) | 100 | 100 | |
| Clifton Higher Education Fin. Corp., Education Rev. Bonds (Idea Public Schools), Series 2019, 5.00% 2021 | 100 | 100 | |
| Conroe Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2022 | 50 | 51 | |
| Conroe Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2020-A, 5.00% 2025 | 1,000 | 1,167 | |
| Cypress-Fairbanks Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2021, 5.00% 2024 | 920 | 1,032 | |
| Cypress-Fairbanks Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2013, 5.00% 2025 | 600 | 646 | |
| Cypress-Fairbanks Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2014-C, 5.00% 2027 | 500 | 561 | |
| Cypress-Fairbanks Independent School Dist., Unlimited Tax School Building Bonds, Series 2015-B-1, 2.125% 2040 (put 2021) | 285 | 285 | |
| Cypress-Fairbanks Independent School Dist., Unlimited Tax School Building Bonds, Series 2015-B-2, 2.125% 2040 (put 2021) | 250 | 250 | |
| Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Ref. Bonds, Series 2014-E, 5.00% 2023 | 370 | 392 | |
| City of Dallas, Housing Fin. Corp., Multi Family Housing Rev. Bonds (Midpark Towers), Series 2021, 0.35% 2024 (put 2023) | 180 | 180 | |
| Dallas Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2014-A, 5.00% 2023 | 15 | 17 | |
| Dallas Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2015, 5.00% 2030 | 400 | 464 | |
| Del Mar College Dist., Limited Tax Bonds, Series 2020-B, 5.00% 2024 | 400 | 457 | |
| Del Mar College Dist., Limited Tax Bonds, Series 2020-A, 5.00% 2026 | 335 | 409 | |
| Del Valle Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2022 | 155 | 162 | |
| El Paso Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2015, 5.00% 2026 | 400 | 459 | |
| Fort Bend Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020, 5.00% 2021 | 55 | 55 | |
| Fort Bend Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020, 5.00% 2024 | 130 | 149 | |
| Fort Bend Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2021-B, 0.72% 2051 (put 2026) | 500 | 505 | |
| Fort Bend Independent School Dist., Unlimited Tax School Building Bonds, Series 2019-A, 1.95% 2049 (put 2022)3 | 425 | 432 | |
| Frisco Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2019, 5.00% 2021 | 170 | 170 | |
| City of Galveston, Public Fac. Corp., Multi Family Housing Rev. Bonds (The Orleanders at Broadway), Series 2021, 0.47% 2025 (put 2024) | 150 | 150 | |
| Garland Independent School Dist., Unlimited Tax School Building Bonds, Series 2016, 5.00% 2030 | 400 | 465 | |
Capital Group Short-Term Municipal Fund — Page 40 of 84
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| Bonds, notes & other debt instruments (continued) Texas (continued) | Principal amount (000) | Value (000) | |
| Grand Prairie Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2015, 5.25% 2024 | $525 | $592 | |
| Hallsville Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2020, 5.00% 2025 | 515 | 601 | |
| Harlandale Independent School Dist., Maintenance Tax Notes, Series 2021, BAM insured, 2.00% 2040 (put 2024) | 50 | 51 | |
| Harlandale Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020, 0.75% 2045 (put 2025) | 100 | 100 | |
| County of Harris, Cultural Education Facs. Fin. Corp., Hospital Rev. Bonds (Memorial Hermann Health System), Series 2019-C-1, (SIFMA Municipal Swap Index + 0.42%) 0.44% 2049 (put 2022)1 | 375 | 374 | |
| County of Harris, Cultural Education Facs. Fin. Corp., Rev. Bonds (Texas Medical Center), Series 2020-A, 0.90% 2050 (put 2025) | 130 | 130 | |
| County of Harris, Health Facs. Dev. Corp., Rev. Ref. Bonds (CHRISTUS Health), Series 2005-A-4, Assured Guaranty Municipal insured, 0.18% 20311 | 125 | 125 | |
| County of Harris, Metropolitan Transit Auth., Sales and Use Tax Bonds, Series 2011-A, 5.00% 2023 (preref. 2021) | 600 | 607 | |
| County of Harris, Sports Auth., Rev. Ref. Bonds, Series 2014-A, Assured Guaranty Municipal insured, 5.00% 2022 (escrowed to maturity) | 110 | 117 | |
| County of Harris, Toll Road Rev. and Rev. Ref. Bonds, Series 2018-A, 5.00% 2024 | 150 | 172 | |
| County of Harris, Toll Road Rev. Ref. Bonds, Series 2012-B, (SIFMA Municipal Swap Index + 0.45%) 1.45% 2021 | 325 | 325 | |
| Dept. of Housing and Community Affairs, Multi Family Housing Rev. Bonds (Corona Del Valle), Series 2021, 0.37% 2025 (put 2023) | 50 | 50 | |
| Dept. of Housing and Community Affairs, Multi Family Housing Rev. Bonds (Oso Bay Apartments), Series 2021, 0.27% 2024 (put 2022) | 100 | 100 | |
| Dept. of Housing and Community Affairs, Multi Family Housing Rev. Bonds (Palladium Simpson Stuart Apartments), Series 2021, 0.35% 2025 (put 2024) | 165 | 165 | |
| Dept. of Housing and Community Affairs, Residential Mortgage Rev. Bonds, Series 2021-A, 3.00% 2052 | 310 | 344 | |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2018-A, 4.75% 2049 | 410 | 457 | |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2019-A, 4.00% 2050 | 420 | 478 | |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2020-A, 3.50% 2051 | 125 | 141 | |
| Dept. of Housing and Community Affairs, Single Family Mortgage Rev. Bonds, Series 2021-A, 3.00% 2052 | 135 | 151 | |
| Housing Options, Inc., Multi Family Housing Rev. Bonds (Brooks Manor - The Oaks Project), Series 2021, 0.50% 2041 (put 2025) | 100 | 100 | |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2012-B, 5.00% 2028 (preref. 2022) | 870 | 909 | |
| City of Houston, Combined Utility System Rev. Bonds, Series 2011-D, 5.00% 2026 (preref. 2021) | 55 | 56 | |
| City of Houston, Combined Utility System Rev. Ref. Bonds, Series 2019-B, 2.00% 2024 | 615 | 652 | |
| City of Houston, Convention and Entertainment Facs. Dept., Hotel Occupancy Tax and Special Rev. Ref. Bonds, Series 2021, 4.00% 2022 | 10 | 10 | |
| City of Houston, Convention and Entertainment Facs. Dept., Hotel Occupancy Tax and Special Rev. Ref. Bonds, Series 2021, 4.00% 2023 | 15 | 16 | |
| City of Houston, Housing Fin. Corp., Multi Family Housing Rev. Bonds (Temenos Place Apartments), Series 2021, 0.29% 2024 (put 2023) | 85 | 85 | |
| Houston Community College System, Maintenance Tax Rev. Ref. Bonds, Series 2021-A, 4.00% 2023 | 850 | 900 | |
| Humble Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020-B, 5.00% 2022 | 1,000 | 1,026 | |
| Hutto Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2023 | 590 | 647 | |
| Katy Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019-B, 5.00% 2022 | 100 | 103 | |
| Keller Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2015-A, 5.00% 2027 | 470 | 547 | |
| Killeen Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2022 | 95 | 98 | |
| Longview Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2017, 5.00% 2022 | 180 | 185 | |
| Longview Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020, 5.00% 2024 | 500 | 561 | |
| Lower Colorado River Auth., Rev. Ref. Bonds, Series 2020, 5.00% 2022 | 1,000 | 1,039 | |
| Lower Colorado River Auth., Transmission Contract Rev. Ref. Bonds (LCRA Transmission Services Corp. Project), Series 2020, 5.00% 2025 | 1,000 | 1,172 | |
| Medina Valley Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 0.82% 2051 (put 2026) | 90 | 90 | |
| Municipal Gas Acquisition and Supply Corp. I, Gas Supply Rev. Bonds, Series 2008-D, 6.25% 2026 | 170 | 200 | |
| Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Ref. Bonds, Series 2021, 5.00% 2022 | 10 | 11 | |
| Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Ref. Bonds, Series 2021, 5.00% 2025 | 120 | 143 | |
| Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Ref. Bonds, Series 2021, 5.00% 2026 | 120 | 147 | |
| Needville Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2016, 5.00% 2021 | 155 | 155 | |
Capital Group Short-Term Municipal Fund — Page 41 of 84
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| Bonds, notes & other debt instruments (continued) Texas (continued) | Principal amount (000) | Value (000) | |
| North Central Texas Housing Fin. Corp., Multi Family Housing Rev. Bonds (Bluebonnet Ridge Apartments), Series 2021, 0.375% 2040 (put 2024) | $85 | $85 | |
| North Texas Municipal Water Dist., Water System Rev. Ref. and Improvement Bonds, Series 2021, 5.00% 2022 | 45 | 47 | |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Series 2014-A, 5.00% 2024 | 395 | 441 | |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Series 2014-A, 5.00% 2024 (escrowed to maturity) | 190 | 212 | |
| North Texas Tollway Auth., System Rev. Ref. Bonds, Series 2016-A, 5.00% 2026 | 1,500 | 1,674 | |
| Northside Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 0.70% 2050 (put 2025) | 1,000 | 1,009 | |
| Odessa Housing Fin. Corp., Multi Family Housing Rev. Bonds (Cove in Odessa Apartments), Series 2021, 0.37% 2024 (put 2023) | 230 | 231 | |
| Pasadena Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2019, 5.00% 2022 | 125 | 128 | |
| Pasadena Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2013, 5.00% 2038 | 500 | 536 | |
| Plainview Independent School Dist., Unlimited Tax School Building Bonds, Series 2020-A, 5.00% 2022 | 500 | 513 | |
| Plano Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2020, 5.00% 2023 | 135 | 145 | |
| Prosper Independent School Dist., Unlimited Tax School Building Bonds, Series 2019-B, 2.00% 2050 (put 2021) | 960 | 995 | |
| County of Rockwall, Permanent Improvement and Rev. Ref. Bonds, Series 2020, 5.00% 2024 | 200 | 224 | |
| County of Rockwall, Permanent Improvement and Rev. Ref. Bonds, Series 2020, 5.00% 2025 | 250 | 291 | |
| County of Rockwall, Permanent Improvement and Rev. Ref. Bonds, Series 2020, 5.00% 2026 | 260 | 313 | |
| Round Rock Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2017, 5.00% 2021 | 130 | 130 | |
| Round Rock Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2017, 5.00% 2022 | 300 | 315 | |
| San Angelo Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2015-A, 5.00% 2030 (preref. 2024) | 1,110 | 1,247 | |
| City of San Antonio, Electric and Gas Systems Rev. Bonds, Series 2015-D, 1.125% 2045 (put 2026) | 230 | 236 | |
| City of San Antonio, Electric and Gas Systems Rev. Bonds, Series 2013, 5.00% 2048 (preref. 2023) | 140 | 150 | |
| City of San Antonio, General Improvement and Rev. Ref. Bonds, Series 2016, 5.00% 2022 | 70 | 72 | |
| San Antonio Housing Trust Fin. Corp., Multi Family Housing Rev. Bonds (Alsbury Park Apartments), Series 2019, 1.375% 2022 (put 2021) | 15 | 15 | |
| Tomball Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2023 | 80 | 86 | |
| Tomball Independent School Dist., Unlimited Tax School Building Bonds, Series 2020, 5.00% 2024 | 30 | 34 | |
| Transportation Commission, G.O. Mobility Fund Rev. Ref. Bonds, Series 2014-B, 5.00% 2026 | 550 | 621 | |
| Board of Regents of the University of Texas System, Rev. Fncg. System Rev. Ref. Bonds, Series 2016-I, 5.00% 2021 | 500 | 501 | |
| Water Dev. Board, State Water Implementation Rev. Fund, Rev. Bonds (Master Trust), Series 2016, 5.00% 2022 | 550 | 569 | |
| Water Dev. Board, Water Implementation Rev. Fund of Texas Rev. Bonds (Master Trust), Series 2018-B, 5.00% 2023 | 45 | 49 | |
| 41,310 | |||
| Utah 0.47% | |||
| Housing Corp., Single Family Mortgage Bonds, Class III, Series 2015-D-2, 4.00% 2045 | 195 | 210 | |
| Salt Lake City, Airport Rev. Bonds (Salt Lake City International Airport), Series 2021-B, 5.00% 2024 | 275 | 313 | |
| County of Salt Lake, Board of Education, G.O. Rev. Ref. Bonds (Utah School Bond Guaranty Act), Series 2021, 5.00% 2024 | 250 | 284 | |
| Transit Auth., Sales Tax Rev. Bonds, Series 2008-A, 5.25% 2023 | 15 | 17 | |
| Vineyard Redev. Agcy., Tax Increment Rev. and Rev. Ref. Bonds, Series 2021, Assured Guaranty Municipal insured, 5.00% 2024 | 65 | 73 | |
| 897 | |||
| Vermont 0.02% | |||
| Housing Fin. Agcy., Multiple Purpose Bonds, Series 2020-A, 3.75% 2050 | 40 | 45 | |
| Virginia 1.62% | |||
| County of Arlington, Industrial Dev. Auth., Hospital Rev. Bonds (Virginia Hospital Center), Series 2020, 5.00% 2025 | 130 | 153 | |
| College Building Auth., Educational Facs. Rev. Bonds (21st Century College and Equipment Programs), Series 2013-A, 4.50% 2033 | 450 | 480 | |
Capital Group Short-Term Municipal Fund — Page 42 of 84
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| Bonds, notes & other debt instruments (continued) Virginia (continued) | Principal amount (000) | Value (000) | |
| College Building Auth., Educational Facs. Rev. Bonds (21st Century College and Equipment Programs), Series 2013-A, 4.50% 2034 | $235 | $251 | |
| Commonwealth Transportation Board, Federal Transportation Grant Anticipation Rev. Notes, Series 2012-A, 5.00% 2023 (preref. 2022) | 555 | 572 | |
| County of Fairfax, Redev. and Housing Auth., Multi Family Housing Rev. Bonds (Arrowbrook Apartments Project), Series 2020, 0.41% 2041 (put 2024) | 500 | 502 | |
| County of Halifax, Industrial Dev. Auth., Recovery Zone Fac. Rev. Bonds (Virginia Electric and Power Co. Project), Series 2010-A, 0.45% 2041 (put 2022) | 225 | 225 | |
| Small Business Fncg. Auth., Rev. Bonds (National Senior Campuses, Inc. Obligated Group), Series 2020-A, 5.00% 2024 | 70 | 78 | |
| Small Business Fncg. Auth., Rev. Bonds (National Senior Campuses, Inc. Obligated Group), Series 2020-A, 5.00% 2026 | 150 | 178 | |
| County of Smyth, G.O. Public Improvement Bonds, Series 2011-A, 5.00% 2031 (preref. 2021) | 500 | 506 | |
| County of Wise, Industrial Dev. Auth., Solid Waste and Sewage Disposal Rev. Bonds (Virginia Electric and Power Co. Project), Series 2010-A, 1.20% 2040 (put 2024) | 140 | 144 | |
| 3,089 | |||
| Washington 2.82% | |||
| Energy Northwest, Electric Rev. Ref. Bonds (Project No. 3), Series 2018-C, 5.00% 2023 | 1,000 | 1,094 | |
| City of Everett, Housing Auth., Multi Family Housing Rev. Bonds (Baker Heights Legacy), Series 2021, 0.30% 2024 (put 2023) | 80 | 80 | |
| Federal Highway Grant Anticipation Rev. Bonds (SR 520 Corridor Program), Series 2014-C, 5.00% 2021 | 215 | 216 | |
| G.O. Rev. Ref. Bonds, Series 2017-R-A, 5.00% 2022 | 25 | 26 | |
| Health Care Facs. Auth., Rev. Ref. Bonds (Providence Health & Services), Series 2012-A, 5.00% 2021 | 35 | 35 | |
| Housing Fin. Commission, Multi Family Housing Rev. Bonds (Garten Haus Apartments Project), Series 2021, 0.37% 2024 (put 2023) | 45 | 45 | |
| Housing Fin. Commission, Single Family Program Bonds, Series 2017-1-N, 4.00% 2047 | 310 | 333 | |
| Housing Fin. Commission, Single Family Program Bonds, Series 2019-1-N, 4.00% 2049 | 910 | 1,005 | |
| Housing Fin. Commission, Single Family Program Bonds, Series 2020-2-N, 3.00% 2050 | 1,100 | 1,206 | |
| Housing Fin. Commission, Single Family Program Bonds, Series 2020-1-N, 4.00% 2050 | 735 | 829 | |
| City of Seattle, Housing Auth., Rev. and Rev. Ref. Bonds (Northgate Plaza Project), Series 2021, 1.00% 2026 | 70 | 70 | |
| City of Seattle, Housing Auth., Rev. Bonds (Lam Bow Apartments Project), Series 2021, 1.25% 2024 | 15 | 15 | |
| City of Seattle, Municipal Light and Power Rev. Ref. Bonds, Series 2021-B, (SIFMA Municipal Swap Index + 0.25%) 0.27% 2045 (put 2026)1 | 115 | 115 | |
| City of Seattle, Municipal Light and Power Rev. Ref. Bonds, Series 2018-C-2, (SIFMA Municipal Swap Index + 0.49%) 0.51% 2046 (put 2023)1 | 325 | 326 | |
| 5,395 | |||
| West Virginia 0.04% | |||
| Housing Dev. Fund, Multi Family Housing Rev. Bonds (Charles Towers), Series 2021, 0.21% 2023 (put 2022) | 75 | 75 | |
| Wisconsin 3.03% | |||
| G.O. Bonds, Series 2013-A, 5.00% 2025 (preref. 2022) | 1,000 | 1,037 | |
| G.O. Bonds, Series 2014-B, 5.00% 2030 (preref. 2022) | 795 | 824 | |
| G.O. Rev. Ref. Bonds, Series 2011-2, 5.00% 2022 (preref. 2021) | 230 | 233 | |
| Health and Educational Facs. Auth., Rev. Bonds (Advocate Aurora Health Care Credit Group), Series 2018-C-3, (SIFMA Municipal Swap Index + 0.55%) 0.57% 2054 (put 2023)1 | 340 | 341 | |
| Health and Educational Facs. Auth., Rev. Bonds (Ascension Senior Credit Group), Series 2019-A, 5.00% 2021 | 70 | 71 | |
| Health and Educational Facs. Auth., Rev. Bonds (Gundersen Lutheran), Series 2020, 5.00% 20262 | 660 | 777 | |
| Health and Educational Facs. Auth., Rev. Ref. Bonds (Aurora Health Care, Inc.), Series 2012, 5.00% 2022 (escrowed to maturity) | 655 | 688 | |
| Health and Educational Facs. Auth., Rev. Ref. Bonds (Ministry Health Care, Inc.), Series 2012-C, 5.00% 2027 (preref. 2022) | 210 | 221 | |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2017-C, 4.00% 2048 | 235 | 253 | |
Capital Group Short-Term Municipal Fund — Page 43 of 84
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| Bonds, notes & other debt instruments (continued) Wisconsin (continued) | Principal amount (000) | Value (000) | |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2020-A, 3.50% 2050 | $375 | $416 | |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2021-A, 3.00% 2052 | 30 | 33 | |
| Housing and Econ. Dev. Auth., Housing Rev. Bonds, Series 2021-B, 0.40% 2045 (put 2023) | 25 | 25 | |
| Housing and Econ. Dev. Auth., Housing Rev. Bonds, Series 2021-B, 0.50% 2050 (put 2024) | 35 | 35 | |
| Public Fin. Auth., Hospital Rev. Ref. Bonds (Renown Regional Medical Center Project), Series 2016-A, 5.00% 2022 | 300 | 312 | |
| Transportation Rev. Bonds, Series 2012-1, 5.00% 2024 (preref. 2022) | 500 | 522 | |
| 5,788 | |||
| Wyoming 0.52% | |||
| Community Dev. Auth., Housing Rev. Bonds, Series 2021-1, 3.00% 2050 | 725 | 799 | |
| Community Dev. Auth., Housing Rev. Bonds, Series 2020-1, 4.00% 2050 | 180 | 203 | |
| 1,002 | |||
| Total bonds, notes & other debt instruments (cost: $167,231,000) | 169,913 | ||
| Short-term securities 12.94% Municipals 12.94% | |||
| State of California, Kern Community College Dist., Facs. Improvement Dist. No. 1, G.O. Bond Anticipation Notes, Capital Appreciation Notes, Series 2020, 0% 2023 | 545 | 543 | |
| State of California, Pollution Control Fncg. Auth., Environmental Impact Rev. Bonds (Air Products and Chemicals, Inc. Project), Series 1997-B, 0.02% 20421 | 500 | 500 | |
| State of Idaho, Tax Anticipation Notes, Series 2021, 3.00% 6/30/2022 | 3,000 | 3,080 | |
| State of Indiana, Fin. Auth., Environmental Rev. Ref. Bonds (Duke Energy Indiana, Inc. Project), Series 2009-A-3, 0.04% 20391 | 8,320 | 8,320 | |
| State of Louisiana, Parish of East Baton Rouge, Road and Street Improvement Sales Tax Rev. Ref. Bonds, Series 2020, 5.00% 8/1/2021 | 125 | 125 | |
| State of Louisiana, Public Facs. Auth., Rev. Bonds (Air Products and Chemicals Project), Series 2009-A, 0.01% 20491 | 5,000 | 5,000 | |
| State of Minnesota, City of Shakopee, Multi Family Housing Rev. Bonds (Shakopee Village Apartments Project), Series 2021, 0.25% 2024 (put 2022)4 | 35 | 35 | |
| State of Mississippi, Business Fin. Corp., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2004, 0.55% 2029 (put 2021)4 | 250 | 250 | |
| State of Missouri, Health and Educational Facs. Auth., Demand Educational Facs. Rev. Bonds (Washington University), Series 2003-B, 0.02% 20331 | 800 | 800 | |
| State of New York, New York City G.O. Bonds, Series 2021-2, 0.12% 20421 | 205 | 205 | |
| State of New York, New York City G.O. Bonds, Series 2021-3, 0.12% 20421 | 155 | 155 | |
| State of New York, New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2011-FF-1, 0.02% 20441 | 625 | 625 | |
| State of New York, New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Series 2015-BB-1, 0.02% 20491 | 1,000 | 1,000 | |
| State of New York, New York City Trust for Cultural Resources, Rev. IAM Commercial Paper (American Museum of Natural History), Series 2014-B-1, 0.12% 2044 (put 2021)1,4 | 100 | 100 | |
| State of Ohio, Hospital Rev. Bonds (Cleveland Clinic Health System Obligated Group), Series 2013-B-3, 0.02% 20391 | 1,500 | 1,500 | |
| State of South Carolina, Jobs-Econ. Dev. Auth., Hospital Rev. Bonds (Prisma Health Obligated Group), Series 2018-B, 0.02% 20481 | 700 | 700 | |
| State of Texas, Friendswood Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 4.00% 2/15/2022 | 950 | 970 | |
| State of Texas, Lone Star College System, Limited Tax G.O. Bonds, Series 2021-A, 5.00% 2/15/2022 | 20 | 21 | |
| State of Texas, Lone Star College System, Limited Tax G.O. Rev. Ref. Bonds, Series 2021-B, 5.00% 2/15/2022 | 35 | 36 | |
| State of Texas, Municipal Gas Acquisition and Supply Corp. III, Gas Supply Rev. Ref. Bonds, Series 2021, 5.00% 12/15/2021 | 10 | 10 | |
| State of Texas, North East Independent School Dist., Unlimited Tax School Building Bonds, Series 2013-B, 0.25% 2032 (put 2022)4 | 35 | 35 | |
Capital Group Short-Term Municipal Fund — Page 44 of 84
unaudited
| Short-term securities (continued) Municipals (continued) | Principal amount (000) | Value (000) | |
| State of Texas, Richardson Independent School Dist., Unlimited Tax School Building Bonds, Series 2021, 5.00% 2/15/2022 | $95 | $97 | |
| State of Texas, Tax and Rev. Anticipation Notes, Series 2020, 4.00% 8/26/2021 | 600 | 601 | |
| Total short-term securities (cost: $24,699,000) | 24,708 | ||
| Total investment securities 101.89% (cost: $191,930,000) | 194,621 | ||
| Other assets less liabilities (1.89%) | (3,605) | ||
| Net assets 100.00% | $191,016 | ||
Futures contracts
| Contracts | Type | Number of contracts | Expiration | Notional amount5 (000) | Value at 7/31/20216 (000) | Unrealized appreciation (depreciation) at 7/31/2021 (000) |
| 5 Year U.S. Treasury Note Futures | Long | 17 | October 2021 | $1,700 | $2,116 | $7 |
| 10 Year U.S. Treasury Note Futures | Short | 28 | September 2021 | (2,800) | (3,765) | (61) |
| $(54) |
| 1 | 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. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. |
| 2 | Acquired in a transaction exempt from registration under Rule 144A 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 $841,000, which represented .44% of the net assets of the fund. |
| 3 | Step bond; coupon rate may change at a later date. |
| 4 | For short-term securities, the mandatory put date is considered to be the maturity date. |
| 5 | Notional amount is calculated based on the number of contracts and notional contract size. |
| 6 | Value is calculated based on the notional amount and current market price. |
| Key to abbreviations and symbol | |
| Agcy. = Agency | G.O. = General Obligation |
| AMT = Alternative Minimum Tax | IAM = Interest at Maturity |
| Auth. = Authority | LIBOR = London Interbank Offered Rate |
| Certs. = Certificates | LOC = Letter of Credit |
| Dept. = Department | Part. = Participation |
| Dev. = Development | Preref. = Prerefunded |
| Dist. = District | Redev. = Redevelopment |
| Econ. = Economic | Ref. = Refunding |
| Fac. = Facility | Rev. = Revenue |
| Facs. = Facilities | SIFMA = Securities Industry and Financial Markets Association |
| Fin. = Finance | USD/$ = U.S. dollars |
| Fncg. = Financing |
Capital Group Short-Term Municipal Fund — Page 45 of 84
Capital Group California Core Municipal FundSM
Investment portfolio
July 31, 2021
unaudited
| Bonds, notes & other debt instruments 90.62% California 89.85% | Principal amount (000) | Value (000) | |
| Alameda Corridor Transportation Auth., Rev. Ref. Bonds, Series 2016-A, 4.00% 2021 | $650 | $654 | |
| Alameda Corridor Transportation Auth., Rev. Ref. Bonds, Series 2013-A, 5.00% 2022 | 975 | 1,028 | |
| Alameda Corridor Transportation Auth., Rev. Ref. Bonds, Series 2016-A, 5.00% 2024 | 600 | 688 | |
| Alameda Corridor Transportation Auth., Rev. Ref. Bonds, Series 2016-A, 5.00% 2025 | 500 | 594 | |
| City of Alhambra, Insured Rev. Ref. Bonds (Atherton Baptist Homes Project), Series 2016, 5.00% 2027 | 630 | 753 | |
| City of Anaheim, Public Fncg. Auth., Lease Rev. Bonds (Anaheim Public Improvement Project), Capital Appreciation Bonds, Series 1997-C, Assured Guaranty Municipal insured, 0% 2022 | 2,000 | 1,992 | |
| Antelope Valley Community College Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds, Series 2015, 0% 2035 (preref. 2025) | 2,300 | 1,457 | |
| Antelope Valley Community College Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds, Series 2015, 0% 2036 (preref. 2025) | 2,800 | 1,696 | |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Eskaton Properties, Inc. Obligated Group), Series 2013, 5.00% 2021 | 495 | 501 | |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Eskaton Properties, Inc. Obligated Group), Series 2013, 5.00% 2022 | 1,000 | 1,057 | |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Eskaton Properties, Inc. Obligated Group), Series 2013, 5.00% 2023 | 500 | 549 | |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Windemere Ranch Infrastructure Fncg. Program), Series 2014-A, 5.00% 2023 | 370 | 407 | |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Windemere Ranch Infrastructure Fncg. Program), Series 2014-A, 5.00% 2024 | 395 | 452 | |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Windemere Ranch Infrastructure Fncg. Program), Series 2014-A, 5.00% 2025 | 510 | 585 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2001-A, (SIFMA Municipal Swap Index + 1.25%) 1.27% 2036 (put 2027)1 | 1,000 | 1,038 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2013-S-4, 5.00% 2043 (preref. 2023) | 1,000 | 1,083 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2008-B-1, (SIFMA Municipal Swap Index + 1.10%) 1.12% 2045 (put 2024)1 | 4,275 | 4,343 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2017-G, 2.00% 2053 (put 2024) | 4,525 | 4,689 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2021-A, 2.00% 2056 (put 2028) | 3,000 | 3,228 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Ref. Bonds, Series 2017-S-7, 5.00% 2024 | 1,200 | 1,352 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Ref. Bonds, Series 2012-F-1, 5.00% 2027 (preref. 2022) | 2,965 | 3,063 | |
| Bay Area Water Supply and Conservation Agcy., Rev. Bonds, Series 2013-A, 5.00% 2023 | 500 | 541 | |
| City of Beaumont, Wastewater Rev. Bonds, Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2026 | 500 | 608 | |
| City of Burbank, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Redev. Bonds, Series 2015, BAM insured, 5.00% 2022 | 1,305 | 1,386 | |
| California County Tobacco Securitization Agcy., Tobacco Settlement Rev. Bonds (Los Angeles County Securitization Corp.), Series 2020-A, 5.00% 2026 | 600 | 728 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2015-A, 5.00% 2024 | 500 | 578 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2016-B-2, 0.55% 2049 (put 2026) | 4,480 | 4,495 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2016-B-3, 4.00% 2051 (put 2023) | 2,500 | 2,665 | |
| City of Carlsbad, Reassessment Dist. No. 2012-1, Limited Obligation Rev. Ref. Bonds, Series 2013, 3.55% 2023 | 350 | 361 | |
| Cathedral City, Successor Agcy. to the Redev. Agcy., Tax Allocation Housing Rev. Ref. Bonds (Merged Redev. Project Area), Series 2021-C, BAM insured, 4.00% 2022 | 200 | 207 | |
| Cathedral City, Successor Agcy. to the Redev. Agcy., Tax Allocation Housing Rev. Ref. Bonds (Merged Redev. Project Area), Series 2021-C, BAM insured, 4.00% 2023 | 225 | 240 | |
Capital Group California Core Municipal Fund — Page 46 of 84
unaudited
| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Cathedral City, Successor Agcy. to the Redev. Agcy., Tax Allocation Housing Rev. Ref. Bonds (Merged Redev. Project Area), Series 2014-B, Assured Guaranty Municipal insured, 5.00% 2024 | $260 | $296 | |
| Cathedral City, Successor Agcy. to the Redev. Agcy., Tax Allocation Housing Rev. Ref. Bonds (Merged Redev. Project Area), Series 2014-A, Assured Guaranty Municipal insured, 5.00% 2025 | 620 | 703 | |
| Cerritos Community College Dist., G.O. Bonds, Capital Appreciation Bonds, 2004 Election, Series 2012-D, 0% 2027 | 830 | 781 | |
| City of Chino, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2014-A, BAM insured, 5.00% 2022 | 450 | 473 | |
| City of Chino, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2014-A, BAM insured, 5.00% 2025 | 665 | 758 | |
| City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program), Series 2019-D, 5.00% 2024 | 465 | 531 | |
| City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program), Series 2019-D, 5.00% 2026 | 780 | 955 | |
| City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program), Series 2019-D, 5.00% 2027 | 430 | 541 | |
| City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program), Series 2019-D, 5.00% 2028 | 355 | 454 | |
| City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program), Series 2019-D, 5.00% 2029 | 225 | 296 | |
| City of Chino Hills, Fin. Auth., Rev. Ref. Bonds (Community Facs. Dist. Bond Program), Series 2019-D, 5.00% 2030 | 60 | 80 | |
| City of Chula Vista, Municipal Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2013, 5.00% 2021 | 535 | 537 | |
| City of Chula Vista, Municipal Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2013, 5.00% 2022 | 1,355 | 1,423 | |
| Clovis Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2004 Election, Series 2006-B, National insured, 0% 2030 | 1,000 | 888 | |
| Compton Community College Dist., G.O. Rev. Ref. Bonds, Series 2014, BAM insured, 5.00% 2026 | 1,290 | 1,464 | |
| Compton Community College Dist., G.O. Rev. Ref. Bonds, Series 2015, BAM insured, 5.00% 2029 | 1,000 | 1,177 | |
| Compton Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2015 Election, Series 2019-B, BAM insured, 0% 2033 | 1,000 | 770 | |
| City of Concord, Successor Agcy. to the Redev. Agcy., Rev. Ref. Bonds, Series 2014, BAM insured, 5.00% 2023 | 825 | 886 | |
| Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series 2019, 4.00% 2026 | 400 | 467 | |
| Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series 2019, 5.00% 2027 | 885 | 1,105 | |
| Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series 2019, 5.00% 2028 | 930 | 1,186 | |
| Desert Community College Dist., G.O. Rev. Ref. Bonds, Series 2016, 5.00% 2032 | 1,885 | 2,248 | |
| City of Desert Hot Springs, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2017, BAM insured, 5.00% 2021 | 800 | 803 | |
| East Bay Municipal Utility Dist., Water System Rev. Ref. Bonds, Series 2015-A, 5.00% 2027 | 3,550 | 4,195 | |
| East Side Union High School Dist., G.O. Bonds, 2008 Election, Series 2012-D, 5.00% 2037 (preref. 2022) | 500 | 525 | |
| Eastern Municipal Water Dist., Fin. Auth., Water and Wastewater Rev. Ref. Bonds, Series 2020-A, 2.75% 2028 | 535 | 610 | |
| Eastern Municipal Water Dist., Water and Wastewater Rev. Ref. Bonds, Series 2021-A, 4.00% 2029 | 1,210 | 1,524 | |
| Educational Facs. Auth., Rev. Bonds (Chapman University), Series 2021-A, 5.00% 2028 | 375 | 481 | |
| Educational Facs. Auth., Rev. Bonds (University of San Francisco), Series 2011, 5.00% 2021(escrowed to maturity) | 355 | 358 | |
| Educational Facs. Auth., Rev. Bonds (University of San Francisco), Series 2011, 5.00% 2021 (escrowed to maturity) | 345 | 348 | |
| Educational Facs. Auth., Rev. Bonds (University of the Pacific), Series 2012-A, 4.00% 2021 | 560 | 565 | |
| Educational Facs. Auth., Rev. Bonds (University of the Pacific), Series 2012-A, 4.00% 2022 | 500 | 505 | |
| Educational Facs. Auth., Rev. Ref. Bonds (Stanford University), Series 2009-T-5, 5.00% 2023 | 1,290 | 1,393 | |
| Educational Facs. Auth., Rev. Ref. Bonds (University of Redlands), Series 2015-A, 5.00% 2021 | 535 | 538 | |
| City of El Centro, Fncg. Auth., Wastewater Rev. Ref. Bonds, Series 2014-A, Assured Guaranty Municipal insured, 5.00% 2026 | 530 | 606 | |
| City of El Centro, Fncg. Auth., Wastewater Rev. Ref. Bonds, Series 2014-A, Assured Guaranty Municipal insured, 5.00% 2027 | 500 | 572 | |
| City of El Centro, Fncg. Auth., Wastewater Rev. Ref. Bonds, Series 2014-A, Assured Guaranty Municipal insured, 5.00% 2030 | 1,000 | 1,141 | |
| County of El Dorado, Community Facs. Dist. No. 1992-1 (El Dorado Hills Dev.), Special Tax Rev. Ref. Bonds, Series 2012, 5.00% 2024 | 855 | 899 | |
| City of Elk Grove, Fin. Auth., Special Tax Rev. Bonds, Series 2015, BAM insured, 5.00% 2025 | 580 | 679 | |
| Etiwanda School Dist., G.O. Bonds, 2016 Election, Series 2020-A, 4.00% 2029 | 570 | 710 | |
| City of Eureka, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2017-B, 5.00% 2022 | 835 | 882 | |
| City of Fillmore, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2015, BAM insured, 5.00% 2024 | 1,000 | 1,132 | |
Capital Group California Core Municipal Fund — Page 47 of 84
unaudited
| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Folsom Cordova Unified School Dist., School Facs. Improvement Dist. No. 1, G.O. Bonds, Capital Appreciation Bonds, 2002 Election, Series 2004-B, National insured, 0% 2026 | $1,000 | $959 | |
| City of Fontana, Community Facs. Dist. No. 22 (Sierra Hills South), Special Tax Bonds, Series 2014, 5.00% 2023 | 535 | 587 | |
| City of Fontana, Community Facs. Dist. No. 86 (Etiwanda Ridge), Special Tax Bonds, Series 2020, 4.00% 2026 | 100 | 116 | |
| City of Fontana, Community Facs. Dist. No. 86 (Etiwanda Ridge), Special Tax Bonds, Series 2020, 4.00% 2027 | 120 | 141 | |
| City of Fontana, Public Facs. Fin. Auth., Special Tax Rev. Ref. Bonds, Series 2021-A, 4.00% 2027 | 625 | 743 | |
| City of Fontana, Public Facs. Fin. Auth., Special Tax Rev. Ref. Bonds, Series 2021-A, 4.00% 2029 | 390 | 478 | |
| G.O. Bonds, Series 2020, 5.00% 2026 | 3,000 | 3,722 | |
| G.O. Bonds, Series 2020, 3.00% 2027 | 2,500 | 2,849 | |
| G.O. Bonds, Series 2019, 5.00% 2029 | 2,000 | 2,678 | |
| G.O. Bonds, Series 2021, 5.00% 2031 | 85 | 103 | |
| G.O. Bonds, Series 2021, 5.00% 2032 | 70 | 85 | |
| G.O. Bonds, Series 2021, 5.00% 2034 | 70 | 84 | |
| G.O. Rev. Ref. Bonds, Series 2019, 5.00% 2027 | 745 | 933 | |
| G.O. Rev. Ref. Bonds, Series 2021, 5.00% 2028 | 3,000 | 3,898 | |
| G.O. Rev. Ref. Bonds, Series 2021, 5.00% 2029 | 5,000 | 6,654 | |
| G.O. Rev. Ref. Bonds, Series 2017, 5.00% 2029 | 4,000 | 5,074 | |
| G.O. Rev. Ref. Bonds, Series 2020, 5.00% 2029 | 1,500 | 2,008 | |
| G.O. Rev. Ref. Bonds, Series 2019, 5.00% 2029 | 1,000 | 1,336 | |
| G.O. Rev. Ref. Bonds, Series 2021, 5.00% 2031 | 2,500 | 3,468 | |
| G.O. Rev. Ref. Bonds, Series 2020, 5.00% 2035 | 2,000 | 2,644 | |
| City of Garden Grove, Successor Agcy. to the Dev. Agcy., Tax Allocation Bonds, Series 2016, BAM insured, 5.00% 2022 | 400 | 422 | |
| City of Glendale, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds (Central Glendale Redev. Project), Series 2016, BAM insured, 5.00% 2024 | 425 | 490 | |
| Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2018-A, 5.00% 2022 | 3,000 | 3,121 | |
| Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2017A-1, 5.00% 2022 | 1,730 | 1,799 | |
| Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Capital Appreciation Bonds, Series 2005-A, AMBAC insured, 0% 2024 | 2,000 | 1,977 | |
| Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Capital Appreciation Bonds, Series 2005-A, Assured Guaranty Municipal insured, 0% 2026 | 2,785 | 2,681 | |
| Greenfield Elementary School Dist., G.O. Bonds, Capital Appreciation Bonds, 2006 Election, Series 2007-A, Assured Guaranty Municipal insured, 0% 2029 | 1,270 | 1,129 | |
| City of Hawthorne, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2016, Assured Guaranty Municipal insured, 5.00% 2024 | 250 | 287 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Adventist Health System/West), Series 2013-A, 5.00% 2023 | 910 | 980 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Adventist Health System/West), Series 2013-A, 5.00% 2024 | 1,105 | 1,189 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Cedars-Sinai Medical Center), Series 2016-A, 5.00% 2023 | 650 | 716 | |
| Health Facs. Fncg. Auth., Rev. Bonds (City of Hope), Series 2012-A, 5.00% 2021 | 350 | 355 | |
| Health Facs. Fncg. Auth., Rev. Bonds (El Camino Hospital), Series 2017, 5.00% 2025 | 1,000 | 1,166 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Kaiser Permanente), Series 2017-B, 5.00% 2029 (put 2022) | 1,025 | 1,087 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Kaiser Permanente), Series 2017-D, 5.00% 2032 (put 2022) | 2,675 | 2,838 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Lucile Salter Packard Children’s Hospital at Stanford), Series 2014-A, 5.00% 2025 | 400 | 457 | |
| Health Facs. Fncg. Auth., Rev. Bonds (PIH Health), Series 2020-A, 5.00% 2030 | 1,900 | 2,546 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Providence St. Joseph Health), Series 2019-B, 5.00% 2039 (put 2027) | 2,135 | 2,704 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Scripps Health), Series 2012-A, 5.00% 2024 | 150 | 152 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Scripps Health), Series 2012-A, 5.00% 2025 | 375 | 380 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Stanford Health Care), Series 2021-A, 3.00% 2054 (put 2025) | 4,430 | 4,910 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2018-A, 5.00% 2024 | 3,000 | 3,470 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2018-A, 5.00% 2025 | 3,525 | 4,228 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2016-A, 5.00% 2026 (preref. 2025) | 300 | 360 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2016-A, 5.00% 2041 (preref. 2025) | 680 | 817 | |
Capital Group California Core Municipal Fund — Page 48 of 84
unaudited
| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2013-A, 5.00% 2052 (preref. 2023) | $1,665 | $1,829 | |
| Health Facs. Fncg. Auth., Rev. Green Bonds (Kaiser Permanente), Series 2017-A-1, 5.00% 2027 | 3,000 | 3,832 | |
| Health Facs. Fncg. Auth., Rev. Green Bonds (Kaiser Permanente), Series 2017-C, 5.00% 2031 (put 2022) | 6,985 | 7,410 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Adventist Health System/West), Series 2016-A, 4.00% 2025 | 1,270 | 1,439 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Lucile Salter Packard Children’s Hospital at Stanford), Series 2022-A, 5.00% 2026 | 830 | 967 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Marshall Medical Center), Series 2015, 5.00% 2022 | 175 | 186 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Marshall Medical Center), Series 2015, 5.00% 2023 | 135 | 149 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Stanford Health Care), Series 2017-A, 5.00% 2024 | 1,000 | 1,157 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Stanford Health Care), Series 2017-A, 5.00% 2026 | 1,750 | 2,167 | |
| Hemet Unified School Dist., Fncg. Auth. Special Tax Rev. Bonds, Series 2015, 5.00% 2026 | 600 | 692 | |
| Hemet Unified School Dist., G.O. Rev. Ref. Bonds, Series 2014, Assured Guaranty Municipal insured, 5.00% 2023 | 885 | 969 | |
| Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving Fund), Series 2019-B, 5.00% 2025 | 100 | 119 | |
| Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving Fund), Series 2019-B, 5.00% 2026 | 125 | 154 | |
| Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving Fund), Series 2019-B, 5.00% 2027 | 110 | 139 | |
| Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving Fund), Series 2019-B, 5.00% 2028 | 375 | 487 | |
| Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving Fund), Series 2019-B, 5.00% 2029 | 140 | 182 | |
| Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving Fund), Series 2019-B, 5.00% 2030 | 340 | 438 | |
| Infrastructure and Econ. Dev. Bank, Rev. Bonds (The Colburn School), Series 2015-B, (SIFMA Municipal Swap Index + 1.20%) 1.22% 2037 (put 2022)1 | 1,000 | 1,003 | |
| City of Inglewood, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds (Merged Redev. Project), Series 2017-A, BAM insured, 5.00% 2027 | 650 | 808 | |
| City of Irvine, Reassessment Dist. No. 12-1, Limited Obligation Improvement Bonds, Series 2012, 3.25% 2022 | 700 | 724 | |
| City of Irvine, Reassessment Dist. No. 12-1, Limited Obligation Improvement Bonds, Series 2012, 4.00% 2022 | 400 | 417 | |
| City of Irvine, Reassessment Dist. No. 12-1, Limited Obligation Improvement Bonds, Series 2013, 5.00% 2024 | 725 | 800 | |
| City of Irvine, Reassessment Dist. No. 13-1, Limited Obligation Improvement Bonds, Series 2013, 3.375% 2023 | 850 | 908 | |
| City of Irvine, Reassessment Dist. No. 15-1, Limited Obligation Improvement Bonds, Series 2015, 5.00% 2021 | 500 | 502 | |
| City of Irvine, Reassessment Dist. No. 19-1, Limited Obligation Improvement Bonds, Series 2019, 4.00% 2021 | 245 | 246 | |
| City of Irvine, Reassessment Dist. No. 19-1, Limited Obligation Improvement Bonds, Series 2019, 4.00% 2022 | 225 | 235 | |
| City of Irvine, Reassessment Dist. No. 19-1, Limited Obligation Improvement Bonds, Series 2019, 5.00% 2023 | 200 | 220 | |
| City of Irvine, Reassessment Dist. No. 19-1, Limited Obligation Improvement Bonds, Series 2019, 5.00% 2024 | 210 | 241 | |
| City of Irvine, Reassessment Dist. No. 19-1, Limited Obligation Improvement Bonds, Series 2019, 5.00% 2025 | 250 | 299 | |
| City of Irvine, Reassessment Dist. No. 21-1, Limited Obligation Improvement Bonds, Series 2021, BAM insured, 4.00% 2025 | 500 | 574 | |
| City of Irvine, Reassessment Dist. No. 21-1, Limited Obligation Improvement Bonds, Series 2021, 4.00% 2028 | 500 | 615 | |
| City of Irvine, Reassessment Dist. No. 21-1, Limited Obligation Improvement Bonds, Series 2021, BAM insured, 4.00% 2030 | 1,265 | 1,605 | |
| Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series 2017-A, BAM insured, 5.00% 2021 | 1,280 | 1,285 | |
| Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series 2019-A, BAM insured, 5.00% 2027 | 140 | 178 | |
| Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series 2019-A, BAM insured, 5.00% 2028 | 350 | 457 | |
| Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series 2019-A, BAM insured, 5.00% 2030 | 215 | 285 | |
| City of Jurupa, Public Fncg. Auth., Special Tax Rev. Bonds, Series 2014-A, 5.00% 2023 | 500 | 548 | |
| City of Jurupa, Public Fncg. Auth., Special Tax Rev. Bonds, Series 2014-A, 5.00% 2029 | 710 | 808 | |
| City of Jurupa, Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2020-A, BAM insured, 5.00% 2023 | 750 | 822 | |
| City of Jurupa, Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2020-A, BAM insured, 4.00% 2027 | 1,615 | 1,921 | |
Capital Group California Core Municipal Fund — Page 49 of 84
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| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Kern Community College Dist., Safety Repair and Improvement G.O. Bonds, Capital Appreciation Bonds, 2002 Election, Series 2006, FSA insured, 0% 2022 | $1,500 | $1,496 | |
| Kings Canyon Joint Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016, Assured Guaranty Municipal insured, 5.00% 2029 | 1,600 | 1,884 | |
| La Habra School Dist., G.O. Bonds, Capital Appreciation Bonds, 2000 Election, Series 2002-A, FSA insured, 0% 2026 | 1,010 | 960 | |
| Lakeside Union School Dist., G.O. Rev. Ref. Bonds, Series 2016, 5.00% 2029 | 1,785 | 2,177 | |
| Lammersville Joint Unified School Dist., Community Facs. Dist. No. 2002, Special Tax Bonds, Series 2017, 4.00% 2022 | 680 | 706 | |
| City of Lodi, Public Fin. Auth., Rev. Ref. Bonds, Series 2018, Assured Guaranty Municipal insured, 5.00% 2024 | 260 | 297 | |
| City of Long Beach, Bond Fin. Auth., Rev. Ref. Bonds (Aquarium of the Pacific Project), Series 2012, 5.00% 2021 | 520 | 526 | |
| Long Beach Community College Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election, Series 2008-A, Assured Guaranty Municipal insured, 0% 2027 | 3,865 | 3,658 | |
| City of Los Angeles, Community Facs. Dist. No. 4 (Playa Vista - Phase 1), Special Tax Rev. Ref. Bonds, Series 2014, 5.00% 2023 | 690 | 757 | |
| City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. and Rev. Ref. Bonds, Series 2021-B, 5.00% 2031 | 420 | 577 | |
| City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Bonds, Series 2019-E, 5.00% 2039 | 1,130 | 1,444 | |
| City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Ref. Bonds, Series 2019-C, 5.00% 2025 | 2,000 | 2,358 | |
| City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Ref. Bonds, Series 2021-B, 5.00% 2025 | 1,000 | 1,179 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2021-B, 3.00% 2022 | 3,000 | 3,081 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2017-C, 5.00% 2022 | 575 | 601 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2013-A, 5.00% 2022 | 515 | 538 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2018-D, 5.00% 2024 | 535 | 611 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2018-B, 5.00% 2025 | 1,875 | 2,219 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2018-D, 5.00% 2025 | 500 | 593 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2019-D, 5.00% 2027 | 1,100 | 1,392 | |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2020-A, 5.00% 2028 | 650 | 847 | |
| City of Los Angeles, Solid Waste Resources Rev. Bonds, Series 2013-A, 2.00% 2023 | 1,110 | 1,142 | |
| County of Los Angeles, Dev. Auth., Multi Family Housing Rev. Bonds (Sunny Garden Apartments), Series 2021-C-1, 0.20% 2024 (put 2023) | 3,175 | 3,175 | |
| County of Los Angeles, Metropolitan Transportation Auth., Proposition C Sales Tax Rev. Bonds, Series 2021-A, 5.00% 2030 | 6,410 | 8,772 | |
| County of Los Angeles, Redev. Ref. Auth., Tax Allocation Rev. Ref. Bonds (South Gate Project No. 1), Series 2014-A, Assured Guaranty Municipal insured, 5.00% 2022 | 1,190 | 1,249 | |
| Los Angeles Community College Dist., G.O. Bonds, 2008 Election, Series 2008-G, 4.00% 2039 (preref. 2024) | 3,350 | 3,741 | |
| Los Angeles Unified School Dist., G.O. Rev. Ref. Bonds, Series 2014-C, 5.00% 2023 | 520 | 569 | |
| Los Angeles Unified School Dist., G.O. Rev. Ref. Bonds, Series 2019-A, 5.00% 2027 | 5,000 | 6,317 | |
| Madera Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2002 Election, Series 2006, Assured Guaranty Municipal insured, 0% 2029 | 585 | 530 | |
| Manhattan Beach Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, Series 1999-C, FGIC-National insured, 0% 2024 | 3,950 | 3,824 | |
| Manteca Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2004 Election, Series 2006, MBIA insured, 0% 2027 | 560 | 523 | |
| City of Merced, Irrigation Dist., Electric System Rev. Ref. Bonds, Series 2015-A, Assured Guaranty Municipal insured, 5.00% 2022 | 500 | 529 | |
| City of Merced, Irrigation Dist., Electric System Rev. Ref. Bonds, Series 2015-A, Assured Guaranty Municipal insured, 5.00% 2028 | 250 | 296 | |
| Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2019-A, 5.00% 2025 | 10,000 | 11,873 | |
| Montebello Unified School Dist., G.O. Rev. Ref. Bonds, Series 2015, 5.00% 2028 | 1,545 | 1,786 | |
| Mountain View School Dist., G.O. Bonds, 2020 Election, Series 2021-A, Assured Guaranty Municipal insured, 4.00% 2023 | 1,290 | 1,389 | |
Capital Group California Core Municipal Fund — Page 50 of 84
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| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Municipal Fin. Auth., Educational Rev. Bonds (American Heritage Education Foundation Project), Series 2016-A, 4.00% 2026 | $200 | $217 | |
| Municipal Fin. Auth., Rev. Bonds (California Lutheran University), Series 2018, 5.00% 2026 | 300 | 364 | |
| Municipal Fin. Auth., Rev. Bonds (Retirement Housing Foundation), Series 2017-A, 5.00% 2024 | 300 | 344 | |
| Municipal Fin. Auth., Rev. Bonds (University of La Verne), Series 2017-A, 5.00% 2023 | 750 | 816 | |
| Municipal Fin. Auth., Rev. Bonds (Village Grove Apartments), Series 2013-A, 3.10% 2021 (escrowed to maturity) | 1,210 | 1,222 | |
| Municipal Fin. Auth., Rev. Ref. Bonds (Biola University), Series 2013, 5.00% 2022 | 470 | 495 | |
| Municipal Fin. Auth., Rev. Ref. Bonds (Biola University), Series 2017, 5.00% 2026 | 335 | 406 | |
| Municipal Fin. Auth., Rev. Ref. Bonds (Harbor Regional Center Project), Series 2015, 5.00% 2022 | 885 | 939 | |
| Municipal Fin. Auth., Rev. Ref. Bonds (Harbor Regional Center Project), Series 2015, 5.00% 2025 | 500 | 597 | |
| Municipal Fin. Auth., Rev. Ref. Bonds (HumanGood Obligated Group), Series 2019-A, 4.00% 2028 | 750 | 878 | |
| Municipal Fin. Auth., Rev. Ref. Bonds (HumanGood Obligated Group), Series 2019-A, 4.00% 2029 | 1,085 | 1,264 | |
| Municipal Fin. Auth., Rev. Ref. Bonds (HumanGood Obligated Group), Series 2019-A, 4.00% 2035 | 1,000 | 1,148 | |
| Municipal Fin. Auth., Student Housing Rev. Bonds (CHF-Riverside I, LLC - UCR Student Housing Project), Series 2019, BAM insured, 5.00% 2027 | 530 | 660 | |
| Murrieta Valley Unified School Dist., G.O. Bonds, 2014 Election, Series 2020, 4.00% 2023 | 335 | 361 | |
| Murrieta Valley Unified School Dist., Public Fncg. Auth., Special Tax Rev. Bonds, Series 2016-A, 5.00% 2023 | 2,530 | 2,768 | |
| Natomas Unified School Dist., G.O. Bonds, Series 2014, BAM insured, 5.00% 2021 | 500 | 500 | |
| Newport Mesa Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2005 Election, Series 2011, 0% 2046 (preref. 2027) | 6,200 | 1,030 | |
| Northern California Energy Auth., Commodity Supply Rev. Bonds, Series 2018, 4.00% 2049 (put 2024) | 2,500 | 2,758 | |
| Oak Park Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2006 Election, Series 2009-B, Assured Guaranty Municipal insured, 0% 2029 | 605 | 540 | |
| Oakland Unified School Dist., G.O. Bonds, 2006 Election, Series 2016-A, 5.00% 2026 | 1,325 | 1,616 | |
| Oakland Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-A, Assured Guaranty Municipal insured, 5.00% 2028 | 1,000 | 1,257 | |
| Oakland Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-A, Assured Guaranty Municipal insured, 4.00% 2034 | 1,000 | 1,168 | |
| Oakland Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017-A, 5.00% 2022 | 2,000 | 2,096 | |
| Oakland Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016, 5.00% 2022 | 915 | 959 | |
| Oakland Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016, 5.00% 2024 | 1,310 | 1,493 | |
| Oakland Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016, 5.00% 2025 | 3,000 | 3,544 | |
| Oakland Unified School Dist., G.O. Rev. Ref. Bonds, Series 2015, Assured Guaranty insured, 5.00% 2026 | 1,125 | 1,331 | |
| Ohlone Community College Dist., G.O. Rev. Ref. Bonds, Series 2012, 5.00% 2023 (preref. 2022) | 550 | 577 | |
| City of Orange, Community Facs. Dist. No. 91-2 (Serrano Heights Public Improvements), Special Tax Rev. Ref. Bonds, Series 2013, 4.00% 2021 | 1,485 | 1,494 | |
| County of Orange, Airport Private Activity Rev. Ref. Bonds, Series 2019-B, 5.00% 2025 | 1,065 | 1,261 | |
| County of Orange, Airport Private Activity Rev. Ref. Bonds, Series 2019-A, 5.00% 2025 | 1,000 | 1,184 | |
| County of Orange, Airport Rev. Ref. Bonds, Series 2019-A, 5.00% 2022 | 1,000 | 1,045 | |
| County of Orange, Community Facs. Dist. No. 2016-1 (Village of Esencia), Special Tax Bonds, Series 2016-A, 5.00% 2026 | 570 | 691 | |
| County of Orange, Sanitation Dist., Wastewater Rev. Ref. Obligations, Series 2021-A, 5.00% 2032 | 1,500 | 2,075 | |
| County of Orange, Water Dist. Rev. Certs. of Part. (Interim Obligations), Series 2019-A, 2.00% 2023 | 2,725 | 2,804 | |
| City of Oxnard, Fncg. Auth., Wastewater Rev. Ref. Bonds, Series 2014, Assured Guaranty Municipal insured, 5.00% 2024 | 250 | 283 | |
| City of Oxnard, Water Rev. Ref. Bonds, Series 2018, BAM insured, 5.00% 2022 | 700 | 728 | |
| City of Oxnard, Water Rev. Ref. Bonds, Series 2018, BAM insured, 5.00% 2024 | 450 | 509 | |
| Oxnard Unified School Dist., G.O. Bonds, 2012 Election, Series 2012-A, Assured Guaranty Municipal insured, 5.00% 2037 (preref. 2022) | 500 | 525 | |
| Palomar Health, G.O. Rev. Ref. Bonds, Series 2016-A, 5.00% 2026 | 630 | 753 | |
| Paramount Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 1998 Election, Series 2001-B, Assured Guaranty Municipal insured, 0% 2025 | 3,000 | 2,928 | |
| Peninsula Corridor Joint Powers Board, Farebox Rev. Bonds, Series 2019-A, 5.00% 2026 | 250 | 304 | |
| Peninsula Corridor Joint Powers Board, Farebox Rev. Bonds, Series 2019-A, 5.00% 2027 | 200 | 250 | |
| Peninsula Corridor Joint Powers Board, Farebox Rev. Bonds, Series 2019-A, 5.00% 2029 | 400 | 522 | |
Capital Group California Core Municipal Fund — Page 51 of 84
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| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Peninsula Corridor Joint Powers Board, Farebox Rev. Bonds, Series 2019-A, 5.00% 2028 | $285 | $364 | |
| Peralta Community College Dist., G.O. Rev. Ref. Bonds, Series 2014-A, 5.00% 2025 | 2,680 | 3,048 | |
| City of Perris, Joint Powers Auth., Local Agcy. Rev. Ref. Bonds (CFD No. 2001-1 IA No. 4 and No. 5; CFD No. 2005-1 IA No. 4), Series 2017-B, 3.00% 2021 | 895 | 897 | |
| City of Perris, Joint Powers Auth., Local Agcy. Rev. Ref. Bonds (CFD No. 2001-1 IA No. 4 and No. 5; CFD No. 2005-1 IA No. 4), Series 2017-B, 4.00% 2022 | 915 | 949 | |
| Perris Union High School Dist., Fncg. Auth., Rev. Bonds, Series 2015, 5.00% 2024 | 1,000 | 1,139 | |
| Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 2028 | 185 | 228 | |
| Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 2029 | 200 | 251 | |
| Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 2030 | 215 | 267 | |
| Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 2031 | 350 | 431 | |
| Pleasant Valley School Dist., G.O. Bonds, 2018 Election, Series A, 5.00% 2029 | 645 | 786 | |
| Pollution Control Fncg. Auth., Water Facs. Rev. Ref. Bonds (American Water Capital Corp. Project), Series 2020, 0.60% 2040 (put 2023) | 3,270 | 3,276 | |
| Poway Unified School Dist., Public Fncg. Auth., Special Tax Rev. Bonds, Series 2013, 4.00% 2022 | 440 | 459 | |
| Poway Unified School Dist., Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2015-A, 5.00% 2022 | 850 | 895 | |
| Poway Unified School Dist., Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2015-B, BAM insured, 5.00% 2022 | 500 | 527 | |
| Poway Unified School Dist., Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2016-A, 5.00% 2023 | 890 | 980 | |
| Public Fin. Auth., Electric System Rev. Ref. Bonds, Series 2018, Assured Guaranty Municipal insured, 5.00% 2023 | 730 | 802 | |
| Public Fin. Auth., Reassessment Rev. Ref. Bonds, Series 2019, 5.00% 2022 | 1,115 | 1,171 | |
| Public Fin. Auth., Rev. Bonds (Henry Mayo Newhall Memorial Hospital), Series 2017, 5.00% 2021 | 150 | 151 | |
| Public Fin. Auth., Rev. Bonds (Henry Mayo Newhall Memorial Hospital), Series 2017, Assured Guaranty Municipal insured, 5.00% 2023 | 500 | 549 | |
| Public Works Board, Lease Rev. Bonds (Dept. of Corrections, Various State Prisons), Series 2019-D, 5.00% 2028 | 1,000 | 1,305 | |
| Public Works Board, Lease Rev. Ref. Bonds (Dept. of Corrections, Various State Prisons), Series 2015-A, 5.00% 2023 | 790 | 861 | |
| Public Works Board, Lease Rev. Ref. Bonds (Dept. of Corrections, Various State Prisons), Series 2018-C, 5.00% 2026 | 1,000 | 1,238 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2016-C, 5.00% 2024 | 1,650 | 1,906 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2017-C, 5.00% 2026 | 4,060 | 4,920 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2022-A, 5.00% 2028 | 5,005 | 6,275 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2016-D, 5.00% 2028 | 5,000 | 6,172 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2017-B, 5.00% 2028 | 1,415 | 1,788 | |
| City of Rancho Cucamonga, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds (Rancho Redev. Project Area), Series 2014, Assured Guaranty Municipal insured, 5.00% 2026 | 600 | 682 | |
| City of Rancho Cucamonga, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds (Rancho Redev. Project Area), Series 2014, Assured Guaranty Municipal insured, 5.00% 2028 | 300 | 340 | |
| City of Redding, Joint Powers Fin. Auth., Electric System Rev. Bonds, Series 2015-A, 5.00% 2024 | 15 | 17 | |
| Rialto Unified School Dist., G.O. Bonds, 2010 Election, Series 2019, 3.00% 2026 | 600 | 680 | |
| Rialto Unified School Dist., G.O. Bonds, 2010 Election, Series 2019, 3.00% 2027 | 750 | 865 | |
| City of Richmond, Successor Agcy. to the Redev. Agcy., Rev. Ref. Bonds, Series 2014-A, BAM insured, 5.00% 2025 | 200 | 227 | |
| Rio Elementary School Dist., Community Facs. Dist. No. 1, Special Tax Bonds, Series 2016, BAM insured, 5.00% 2032 | 240 | 287 | |
| Rio Elementary School Dist., Community Facs. Dist. No. 1, Special Tax Rev. Ref. Bonds, Series 2014, 5.00% 2022 | 400 | 421 | |
| County of Riverside, Public Fncg. Auth., Tax Allocation Rev. Bonds (Project Area No. 1, Desert Communities and Interstate 215 Corridor Projects), Series 2015-A, Assured Guaranty Municipal insured, 5.00% 2023 | 1,075 | 1,185 | |
| County of Riverside, Public Fncg. Auth., Tax Allocation Rev. Ref. Bonds (Hemet Project), Series 2014, BAM insured, 5.00% 2023 | 500 | 549 | |
| County of Riverside, Public Fncg. Auth., Tax Allocation Rev. Ref. Bonds (Interstate 215 Corridor Project), Series 2014-E, Assured Guaranty Municipal insured, 5.00% 2021 | 465 | 469 | |
| County of Riverside, Public Fncg. Auth., Tax Allocation Rev. Ref. Bonds (Project Area No. 1, Desert Communities and Interstate 215 Corridor Projects), Series 2014-D, Assured Guaranty Municipal insured, 5.00% 2021 | 575 | 579 | |
Capital Group California Core Municipal Fund — Page 52 of 84
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| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Riverside Community Properties Dev., Inc., Lease Rev. Bonds (Riverside County Law Building Project), Series 2013, 6.00% 2038 (preref. 2023) | $2,585 | $2,921 | |
| Riverside Unified School Dist., Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2015, BAM insured, 5.00% 2025 | 350 | 406 | |
| Riverside Unified School Dist., Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2015, BAM insured, 5.00% 2026 | 400 | 465 | |
| Riverside Unified School Dist., G.O. Bonds, 2016 Election, Series 2019, 4.00% 2029 | 850 | 1,015 | |
| Robla School Dist., G.O. Bonds, 2018 Election, Series 2019-A, Assured Guaranty Municipal insured, 4.00% 2021 | 645 | 645 | |
| City of Roseville, Community Facs. Dist. No. 1 (Westpark), Special Tax Rev. Ref. Bonds, Series 2015, 5.00% 2024 | 1,000 | 1,141 | |
| City of Sacramento, Municipal Utility Dist., Electric Rev. Bonds, Series 1997-K, AMBAC insured, 5.25% 2024 | 770 | 847 | |
| City of Sacramento, Regional Transit Dist., Farebox Rev. Bonds, Series 2012, 5.00% 2023 | 385 | 386 | |
| County of Sacramento, Airport System Rev. Ref. Bonds, Series 2018-E, 5.00% 2027 | 1,015 | 1,273 | |
| County of Sacramento, Airport System Rev. Ref. Bonds, Series 2018-E, 5.00% 2030 | 200 | 253 | |
| County of Sacramento, Sanitation Dist. Fin. Auth., Rev. Ref. Bonds, Series 2021, 5.00% 2032 | 500 | 717 | |
| Sacramento Unified School Dist., G.O. Bonds, Series 2015, Assured Guaranty Municipal insured, 5.00% 2030 | 1,000 | 1,127 | |
| Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-D, BAM insured, 4.00% 2027 | 585 | 698 | |
| Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2017-E, 5.00% 2027 | 555 | 684 | |
| Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-D, BAM insured, 4.00% 2028 | 610 | 741 | |
| Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-D, BAM insured, 4.00% 2029 | 635 | 783 | |
| Sacramento Unified School Dist., G.O. Rev. Ref. Bonds, Series 2012, 5.25% 2024 | 1,300 | 1,357 | |
| San Bernardino Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017-D, Assured Guaranty Municipal insured, 4.00% 2021 | 330 | 330 | |
| San Bernardino Unified School Dist., G.O. Rev. Ref. Bonds, Series 2013-A, Assured Guaranty Municipal insured, 5.00% 2022 (escrowed to maturity) | 1,500 | 1,572 | |
| City of San Diego, Limited Obligation Rev. Bonds (Sanford Burnham Prebys Medical Discovery Institute Project), Series 2015-A, 5.00% 2022 | 200 | 212 | |
| City of San Diego, Public Facs. Fncg. Auth., Lease Rev. Bonds (Capital Improvement Projects), Series 2021-A, 5.00% 2030 | 200 | 273 | |
| City of San Diego, Public Facs. Fncg. Auth., Lease Rev. Bonds (Capital Improvement Projects), Series 2021-A, 5.00% 2031 | 150 | 203 | |
| City of San Diego, Public Facs. Fncg. Auth., Water Rev. Bonds, Series 2020-A, 5.00% 2029 | 500 | 667 | |
| County of San Diego, Association of Governments Capital Grant Receipts, Rev. Green Bonds (Mid-Coast Corridor Transit Project), Series 2019-A, 5.00% 2025 | 3,125 | 3,610 | |
| County of San Diego, Community Facs. Dist. No. 2008-1 (Harmony Grove Village), Improvement Area No. 2, Special Tax Bonds, Series 2020-A, 4.00% 2026 | 255 | 296 | |
| County of San Diego, Regional Airport Auth., Airport Rev. and Rev. Ref. Bonds, Series 2019-A, 5.00% 2027 | 400 | 502 | |
| County of San Diego, Regional Airport Auth., Airport Rev. and Rev. Ref. Bonds, Series 2019-A, 5.00% 2028 | 320 | 411 | |
| County of San Diego, Regional Airport Auth., Airport Rev. and Rev. Ref. Bonds, Series 2019-A, 5.00% 2029 | 585 | 768 | |
| County of San Diego, Regional Airport Auth., Airport Rev. Bonds, Series 2013-A, 5.00% 2023 | 245 | 268 | |
| County of San Diego, Regional Airport Auth., Airport Rev. Ref. Bonds, Series 2020-B, 5.00% 2022 | 3,990 | 4,169 | |
| County of San Diego, Regional Airport Auth., Airport Rev. Ref. Bonds, Series 2020-A, 5.00% 2028 | 1,000 | 1,285 | |
| County of San Diego, Regional Airport Auth., Airport Rev. Ref. Bonds, Series 2020-A, 5.00% 2029 | 1,000 | 1,314 | |
| County of San Diego, Regional Airport Auth., Airport Rev. Ref. Bonds, Series 2020-B, 5.00% 2031 | 1,405 | 1,871 | |
| County of San Diego, Regional Transportation Commission, Limited Sales Tax Rev. Bonds, Series 2021-B, 5.00% 2029 | 320 | 425 | |
| County of San Diego, Regional Transportation Commission, Limited Sales Tax Rev. Green Bonds, Series 2020-A, 5.00% 2028 | 850 | 1,101 | |
| County of San Diego, Water Auth. Rev. Ref. Bonds, Series 2013-A, 5.00% 2031 (preref. 2022) | 900 | 956 | |
| County of San Diego, Water Auth. Rev. Ref. Green Bonds, Series 2021-A, 5.00% 2028 | 1,000 | 1,297 | |
| County of San Diego, Water Auth., Water Rev. Ref. Green Bonds, Series 2021-S-1, 5.00% 2028 | 1,285 | 1,660 | |
| San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Bonds, Series 2016-SR-1, 4.00% 2031 | 3,000 | 3,479 | |
| San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Rev. Ref. Bonds, Series 2015-R-4, 5.00% 2026 | 1,000 | 1,184 | |
| San Diego Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Rev. Ref. Bonds, Series 2015-R-4, 5.00% 2027 | 3,000 | 3,552 | |
Capital Group California Core Municipal Fund — Page 53 of 84
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| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Bonds, Series 2019-D-2, 5.00% 2024 | $1,000 | $1,133 | |
| City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Ref. Bonds, Series 2021-B-2, 5.00% 2031 | 2,780 | 3,827 | |
| City and County of San Francisco, G.O. Rev. Ref. Bonds, Series 2020-R-1, 5.00% 2025 | 1,500 | 1,777 | |
| City and County of San Francisco, Public Utilities Commission, San Francisco Water Rev. Bonds, Series 2011-A, 5.00% 2029 (preref. 2021) | 3,000 | 3,036 | |
| City and County of San Francisco, Redev. Agcy., Community Facs. Dist. No. 6 (Mission Bay South Public Improvements), Special Tax Rev. Ref. Bonds, Series 2013-B, 3.25% 2021 | 500 | 500 | |
| City and County of San Francisco, Successor Agcy. to the Redev. Agcy., Special Tax Rev. Ref. Bonds (San Francisco Redev. Projects), Series 2014-C, 5.00% 2022 | 305 | 319 | |
| City of San Francisco, Bay Area Rapid Transit Dist., G.O. Bonds, 2016 Election, Series 2020-C-1, 5.00% 2027 | 1,500 | 1,904 | |
| San Francisco Community College Dist., G.O. Rev. Ref. Bonds, Series 2015, 5.00% 2023 | 2,510 | 2,737 | |
| San Francisco Community College Dist., G.O. Rev. Ref. Bonds, Series 2020, 5.00% 2027 | 1,525 | 1,915 | |
| San Francisco Unified School Dist., G.O. Bonds, 2016 Election, Series 2020-B, 4.00% 2022 | 1,000 | 1,034 | |
| San Francisco Unified School Dist., G.O. Bonds, 2016 Election, Series 2020-B, 4.00% 2029 | 1,000 | 1,216 | |
| City of San Jacinto, Community Facs. Dist. No. 2002-1 (Rancho San Jacinto, Phase 2), Special Tax Rev. Ref. Bonds, Series 2016, 4.00% 2021 | 680 | 682 | |
| San Jacinto Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2019, 5.00% 2021 | 60 | 60 | |
| San Jacinto Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2019, 5.00% 2022 | 25 | 26 | |
| San Jacinto Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2019, 5.00% 2023 | 40 | 44 | |
| San Jacinto Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2019, 5.00% 2024 | 65 | 74 | |
| San Jacinto Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2019, 5.00% 2025 | 90 | 106 | |
| San Jacinto Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2019, 5.00% 2026 | 155 | 188 | |
| San Joaquin Hills Transportation Corridor Agcy., Toll Road Rev. Ref. Bonds, Capital Appreciation Bonds, Series 1993, National insured, 0% 2022 (escrowed to maturity) | 5,000 | 4,998 | |
| San Joaquin Hills Transportation Corridor Agcy., Toll Road Rev. Ref. Bonds, Capital Appreciation Bonds, Series 1997-A, National insured, 0% 2025 | 285 | 277 | |
| City of San Jose, Airport Rev. Ref. Bonds, Series 2021-A, BAM insured, 5.00% 2029 | 500 | 656 | |
| City of San Jose, Airport Rev. Ref. Bonds, Series 2021-A, BAM insured, 5.00% 2030 | 250 | 335 | |
| City of San Jose, Airport Rev. Ref. Bonds, Series 2021-B, 5.00% 2032 | 1,250 | 1,705 | |
| City of San Jose, Fin. Auth., Lease Rev. Ref. Bonds (Civic Center Project), Series 2013-A, 5.00% 2030 (preref. 2023) | 1,625 | 1,771 | |
| City of San Jose, G.O. Bonds (Disaster Preparedness, Public Safety and Infrastructure), Series 2021-A, 5.00% 2030 | 2,250 | 3,086 | |
| San Jose Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2002 Election, Series 2006-C, National insured, 0% 2025 | 795 | 780 | |
| San Jose Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017, 5.00% 2022 | 500 | 525 | |
| San Jose Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017, 5.00% 2023 | 375 | 412 | |
| San Jose Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017, 5.00% 2024 | 500 | 573 | |
| San Jose Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017, 5.00% 2025 | 400 | 477 | |
| San Ramon Valley Unified School Dist., G.O. Bonds, 2012 Election, Series 2018, 5.00% 2024 | 1,000 | 1,144 | |
| Santa Margarita Water Dist., Community Facs. Dist. No. 99-1 (Talega), Special Tax Rev. Ref. Bonds, Series 2014-B, 5.00% 2022 | 310 | 326 | |
| Santa Margarita Water Dist., Community Facs. Dist. No. 99-1 (Talega), Special Tax Rev. Ref. Bonds, Series 2014-B, 5.00% 2024 | 530 | 605 | |
| Santa Margarita Water Dist., Community Facs. Dist. No. 99-1 (Talega), Special Tax Rev. Ref. Bonds, Series 2014-B, 5.00% 2025 | 375 | 427 | |
| Santa Monica-Malibu Unified School Dist., School Facs. Improvement Dist. No. 2 (Malibu Schools), G.O. Bonds, 2018 Election, Series 2021-B, 4.00% 2024 | 1,235 | 1,380 | |
| Santa Monica-Malibu Unified School Dist., School Facs. Improvement Dist. No. 2 (Malibu Schools), G.O. Bonds, 2018 Election, Series 2021-B, 4.00% 2025 | 345 | 397 | |
| Santa Monica-Malibu Unified School Dist., School Facs. Improvement Dist. No. 2 (Santa Monica Schools), G.O. Bonds, 2018 Election, Series 2021-B, 4.00% 2025 | 405 | 467 | |
| City of Santa Rosa, Wastewater Rev. Bonds, Capital Appreciation Bonds, Series 2002-B, AMBAC insured, 0% 2021 | 2,000 | 2,000 | |
| Santa Rosa High School Dist., G.O. Bonds, 2014 Election, Series 2021-E, BAM insured, 4.00% 2027 | 500 | 602 | |
| Santa Rosa High School Dist., G.O. Bonds, 2014 Election, Series 2021-E, BAM insured, 4.00% 2029 | 500 | 623 | |
Capital Group California Core Municipal Fund — Page 54 of 84
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| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Saugus Union School Dist., G.O. Rev. Ref. Bonds, Series 2006, FGIC-National insured, 5.25% 2021 | $600 | $600 | |
| Saugus Union School Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds, Series 2006, FGIC-National insured, 0% 2024 | 1,210 | 1,190 | |
| Saugus Union School Dist., Saugus/Hart School Facs. Fin. Auth., Community Facs. Dist. No. 2006-1, Special Tax Rev. Bonds, Series 2016, 5.00% 2024 | 500 | 566 | |
| Saugus Union School Dist., Saugus/Hart School Facs. Fin. Auth., Community Facs. Dist. No. 2006-1, Special Tax Rev. Bonds, Series 2016, 5.00% 2025 | 1,110 | 1,300 | |
| School Fin. Auth., School Fac. Rev. Bonds (Granada Hills Charter Obligated Group), Series 2019, 4.00% 20272 | 740 | 854 | |
| School Fin. Auth., School Fac. Rev. Bonds (Granada Hills Charter Obligated Group), Series 2019, 4.00% 20292 | 805 | 920 | |
| School Fin. Auth., School Fac. Rev. Bonds (Granada Hills Charter Obligated Group), Series 2019, 5.00% 20312 | 875 | 1,033 | |
| School Fin. Auth., School Fac. Rev. Bonds (Kipp LA Projects), Series 2017-A, 5.00% 20272 | 470 | 579 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP LA Projects), Series 2014-A, 4.125% 2024 | 940 | 1,005 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP LA Projects), Series 2017-A, 5.00% 20242 | 585 | 659 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP LA Projects), Series 2015-A, 3.625% 20252 | 600 | 643 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP LA Projects), Series 2017-A, 5.00% 20262 | 505 | 605 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2019-A, 5.00% 20222 | 100 | 104 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2019-A, 5.00% 20232 | 125 | 136 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2019-A, 5.00% 20242 | 130 | 146 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00% 20242 | 100 | 113 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2019-A, 5.00% 20252 | 150 | 174 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00% 20252 | 105 | 122 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00% 20262 | 110 | 132 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2019-A, 5.00% 20262 | 105 | 126 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2019-A, 5.00% 20272 | 220 | 271 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00% 20272 | 100 | 123 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00% 20282 | 100 | 126 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00% 20292 | 100 | 128 | |
| School Fin. Auth., School Fac. Rev. Bonds (KIPP SoCal Projects), Series 2020-A, 5.00% 20302 | 100 | 130 | |
| City of Seal Beach, Community Facs. Dist. No. 2005-1 (Pacific Gateway Business Center), Special Tax Rev. Ref. Bonds, Series 2016, 3.00% 2023 | 150 | 155 | |
| City of Seal Beach, Community Facs. Dist. No. 2005-1 (Pacific Gateway Business Center), Special Tax Rev. Ref. Bonds, Series 2016, 3.00% 2024 | 145 | 150 | |
| City of Seal Beach, Community Facs. Dist. No. 2005-1 (Pacific Gateway Business Center), Special Tax Rev. Ref. Bonds, Series 2016, 3.00% 2025 | 365 | 377 | |
| City of Seal Beach, Community Facs. Dist. No. 2005-1 (Pacific Gateway Business Center), Special Tax Rev. Ref. Bonds, Series 2016, 3.00% 2026 | 150 | 155 | |
| City of Signal Hill, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2015-A, BAM insured, 5.00% 2021 | 250 | 252 | |
| City of Signal Hill, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2015-A, BAM insured, 5.00% 2023 | 500 | 551 | |
| Silicon Valley Clean Water, Wastewater Rev. Notes, Series 2019-A, 3.00% 2024 | 4,065 | 4,300 | |
| Solano Community College Dist., G.O. Bonds, 2015 Election, Series 2013-A, 4.375% 2047 (preref. 2023) | 595 | 646 | |
| Solano Community College Dist., G.O. Rev. Ref. Bonds, Series 2005, National insured, 5.00% 2026 | 4,690 | 5,569 | |
| Solano Community College Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds, Series 2005, National insured, 0% 2021 | 2,680 | 2,680 | |
| South Placer Wastewater Auth., Wastewater Rev. Ref. Bonds, Series 2020, 5.00% 2031 | 2,885 | 3,952 | |
| South Placer Wastewater Auth., Wastewater Rev. Ref. Bonds, Series 2020, 5.00% 2032 | 500 | 698 | |
| Southern California Public Power Auth., Rev. Ref. Bonds (Magnolia Power Project A), Series 2020-1, 5.00% 2027 | 1,100 | 1,391 | |
| Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor Phase II Project), Series 2021-1, 5.00% 2026 | 200 | 246 | |
| Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor Phase II Project), Series 2021-1, 5.00% 2027 | 400 | 506 | |
| Southern California Public Power Auth., Rev. Ref. Green Bonds (Windy Point/Windy Flats Project), Series 2020-1, 5.00% 2024 | 3,000 | 3,353 | |
Capital Group California Core Municipal Fund — Page 55 of 84
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| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Stanislaus Union School Dist., G.O. Bonds, 2008 Election, Series 2011-B, Assured Guaranty Municipal insured, 5.125% 2041 (preref. 2021) | $2,000 | $2,000 | |
| Stanislaus Union School Dist., G.O. Rev. Ref. Bonds, Series 2019, BAM insured, 5.00% 2025 | 500 | 592 | |
| Statewide Communities Dev. Auth., Multi Family Housing Rev. Bonds (Washington Court Apartments), Series 2021-E, 0.22% 2023 (put 2022) | 5,000 | 4,999 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series 2015-A, 5.00% 2025 | 750 | 876 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series 2015-A, 5.00% 2028 | 2,085 | 2,494 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series 2018-A, 5.00% 2034 | 975 | 1,214 | |
| Statewide Communities Dev. Auth., Rev. Bonds (American Baptist Homes of the West), Series 2015, 5.00% 2021 | 1,100 | 1,108 | |
| Statewide Communities Dev. Auth., Rev. Bonds (American Baptist Homes of the West), Series 2015, 5.00% 2023 | 1,110 | 1,219 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Cottage Health System Obligated Group), Series 2015, 5.00% 2043 (preref. 2024) | 5,000 | 5,773 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Henry Mayo Newhall Memorial Hospital), Series 2014, Assured Guaranty Municipal insured, 5.00% 2022 | 750 | 791 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Jewish Home of San Francisco), Series 2016, 5.00% 2026 | 575 | 708 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Viamonte Senior Living 1 Project), Series 2018-B, 3.00% 2025 | 1,000 | 1,002 | |
| Statewide Communities Dev. Auth., Rev. Ref. Bonds (Episcopal Communities and Services), Series 2012, 5.00% 2024 | 300 | 311 | |
| Statewide Communities Dev. Auth., Rev. Ref. Bonds (Huntington Memorial Hospital), Series 2014-B, 5.00% 2026 | 200 | 227 | |
| Statewide Communities Dev. Auth., Rev. Ref. Bonds (Methodist Hospital of Southern California), Series 2018, 5.00% 2023 | 500 | 532 | |
| Statewide Communities Dev. Auth., Rev. Ref. Bonds (Methodist Hospital of Southern California), Series 2018, 5.00% 2024 | 390 | 432 | |
| Statewide Communities Dev. Auth., Rev. Ref. Bonds (Rady Children’s Hospital), Series 2016-B, 5.00% 2028 | 860 | 1,110 | |
| Statewide Communities Dev. Auth., Student Housing Rev. Ref. Bonds (CHF-Irvine, LLC - University of California, Irvine East Campus Apartments), Series 2016, 5.00% 2022 | 1,000 | 1,038 | |
| City of Stockton, Public Fncg. Auth., Wastewater Rev. Ref. Bonds (1998 Wastewater Project and 2003 Wastewater Project), Series 2014, BAM insured, 5.00% 2021 | 750 | 753 | |
| Stockton Unified School Dist., G.O. Bonds, 2012 Election, Series 2018-C, BAM insured, 5.00% 2030 | 2,145 | 2,718 | |
| City of Suisun, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2014-B, BAM insured, 5.00% 2022 | 400 | 422 | |
| Sweetwater Union High School Dist., G.O. Bonds, 2006 Election, Series 2006, 4.00% 2026 | 515 | 582 | |
| Sweetwater Union High School Dist., G.O. Rev. Ref. Bonds, Series 2014, BAM insured, 5.00% 2025 | 1,715 | 1,949 | |
| Sweetwater Union High School Dist., G.O. Rev. Ref. Bonds, Series 2014, BAM insured, 5.00% 2026 | 6,000 | 6,802 | |
| Sweetwater Union High School Dist., Public Fin. Auth., Rev. Ref. Bonds, Series 2013, BAM insured, 5.00% 2021 | 2,100 | 2,108 | |
| Tobacco Securitization Auth. of Northern California, Tobacco Settlement Asset-Backed Rev. Ref. Senior Bonds (Sacramento County Tobacco Securitization Corp.), Series 2021-A-1, 5.00% 2024 | 1,250 | 1,415 | |
| Tobacco Securitization Auth. of Southern California, Tobacco Settlement Asset-Backed Rev. Ref. Bonds (San Diego County Tobacco Asset Securitization Corp.), Series 2019-A, 5.00% 2025 | 1,000 | 1,175 | |
| City of Tracy, Successor Agcy. to the Community Dev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2016, Assured Guaranty Municipal insured, 5.00% 2030 | 545 | 634 | |
| Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00% 2027 | 600 | 755 | |
| Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00% 2028 | 700 | 902 | |
| Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00% 2029 | 660 | 869 | |
| Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00% 2030 | 300 | 397 | |
| City of Tustin, Community Facs. Dist. No. 06-1 (Tustin Legacy/Columbus Villages), Special Tax Rev. Ref. Bonds, Series 2015-A, 5.00% 2024 | 860 | 990 | |
| Tustin Unified School Dist., Community Facs. Dist. No. 88-1, Special Tax Rev. Ref. Bonds, Series 2015, BAM insured, 5.00% 2022 | 830 | 872 | |
| Twin Rivers Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, Assured Guaranty Municipal insured, 5.00% 2024 | 400 | 454 | |
| Ukiah Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2005 Election, Series 2006, National insured, 0% 2022 | 175 | 174 | |
| Ukiah Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2005 Election, Series 2006, MBIA insured, 0% 2023 | 1,500 | 1,487 | |
Capital Group California Core Municipal Fund — Page 56 of 84
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| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Union City, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Redev. Bonds, Series 2015-A, 5.00% 2023 | $375 | $414 | |
| Regents of the University of California, G.O. Rev. Bonds, Series 2013-AK, 5.00% 2048 (put 2023) | 2,000 | 2,176 | |
| Val Verde Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016-A, Assured Guaranty Municipal insured, 4.00% 2021 | 250 | 250 | |
| Val Verde Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016-A, Assured Guaranty Municipal insured, 4.00% 2023 | 600 | 645 | |
| Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2016-B, 3.50% 2045 | 1,055 | 1,123 | |
| Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2019-A, 4.00% 2049 | 2,810 | 3,111 | |
| Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2020-A, 3.00% 2050 | 4,975 | 5,450 | |
| Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2017-CQ, 4.00% 2047 | 1,380 | 1,504 | |
| Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2018-CR, 4.00% 2048 | 4,770 | 5,248 | |
| Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2019-CS, 4.00% 2049 | 2,675 | 2,956 | |
| Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2020-CT, 3.00% 2050 | 4,980 | 5,455 | |
| Dept. of Veterans Affairs, Veterans G.O. Rev. Ref. Bonds, Series 2016-CN, 3.50% 2045 | 680 | 717 | |
| Victor Valley Union High School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, Assured Guaranty Municipal insured, 4.00% 2024 | 730 | 811 | |
| Victor Valley Union High School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, Assured Guaranty Municipal insured, 4.00% 2026 | 270 | 316 | |
| City of Vista, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Redev. Bonds, Series 2015-B-1, Assured Guaranty Municipal insured, 5.00% 2022 | 340 | 357 | |
| City of Vista, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Redev. Bonds, Series 2015-B-1, Assured Guaranty Municipal insured, 4.00% 2025 | 400 | 458 | |
| West Basin Municipal Water Dist., Rev. Ref. Bonds, Series 2021-A, 5.00% 2030 | 1,065 | 1,451 | |
| West Basin Municipal Water Dist., Rev. Ref. Bonds, Series 2021-A, 5.00% 2031 | 745 | 1,040 | |
| West Contra Costa Unified School Dist., G.O. Bonds, 2010 Election, Series 2020-F, Assured Guaranty Municipal insured, 4.00% 2028 | 600 | 733 | |
| West Contra Costa Unified School Dist., G.O. Bonds, 2012 Election, Series 2020-E, Assured Guaranty Municipal insured, 4.00% 2030 | 900 | 1,131 | |
| West Contra Costa Unified School Dist., G.O. Rev. Ref. Bonds, 2005 Election, Series 2008-B, 6.00% 2027 | 3,000 | 3,943 | |
| West Kern Community College Dist., G.O. Rev. Ref. Bonds, Series 2019, BAM insured, 4.00% 2032 | 2,700 | 3,305 | |
| Western Placer Unified School Dist., G.O. Bonds, 2014 Election, Series 2017-B, BAM insured, 5.00% 2021 | 490 | 490 | |
| Westminster School Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election, Series 2009-A-1, Assured Guaranty insured, 0% 2023 | 1,000 | 995 | |
| Whittier City School Dist., G.O. Rev. Ref. Bonds, Series 2016, 4.00% 2030 | 825 | 960 | |
| Yosemite Community College Dist., G.O. Bonds, Capital Appreciation Bonds, 2004 Election, Series 2010-D, 0% 2031 | 500 | 440 | |
| 591,534 | |||
| Missouri 0.02% | |||
| Housing Dev. Commission, Single Family Mortgage Rev. Bonds (Special Homeownership Loan Program), Series 2015-A, 3.75% 2038 | 100 | 107 | |
| Puerto Rico 0.15% | |||
| Industrial, Tourist, Educational, Medical and Environmental Control Facs. Fncg. Auth., Higher Education Rev. and Rev. Ref. Bonds (Inter American University of Puerto Rico Project), Series 2012, 5.00% 2021 | 1,000 | 1,007 | |
| Texas 0.09% | |||
| County of Tarrant, Cultural Education Facs. Fin. Corp., Rev. Ref. Bonds (Christus Health), Series 2018-A, 5.00% 2024 | 500 | 566 | |
Capital Group California Core Municipal Fund — Page 57 of 84
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| Bonds, notes & other debt instruments (continued) United States 0.51% | Principal amount (000) | Value (000) | |
| Freddie Mac, Multi Family Mortgage Bonds, Series 2019-ML-05, Class ACA, 3.35% 2033 | $2,922 | $3,355 | |
| Total bonds, notes & other debt instruments (cost: $577,333,000) | 596,569 | ||
| Short-term securities 12.62% Municipals 12.62% | |||
| State of California, Cathedral City, Successor Agcy. to the Redev. Agcy., Tax Allocation Housing Rev. Ref. Bonds (Merged Redev. Project Area), Series 2021-C, BAM insured, 4.00% 8/1/2021 | 240 | 240 | |
| State of California, Fin. Auth., Recovery Zone Fac. Bonds (Chevron U.S.A., Inc. Project), Series 2010-A, 0.04% 20351 | 18,450 | 18,450 | |
| State of California, Irvine Ranch Water Dist. Nos. 105, 140, 240 and 250, Consolidated G.O. Bonds, Series 1993, 0.02% 20331 | 5,700 | 5,700 | |
| State of California, Kern Community College Dist., Facs. Improvement Dist. No. 1, G.O. Bond Anticipation Notes, Capital Appreciation Notes, Series 2020, 0% 2023 | 2,000 | 1,994 | |
| State of California, City of Los Angeles, Dept. of Water and Power, Power System Demand Rev. Bonds, Series 2002-A-2, 0.02% 20351 | 3,500 | 3,500 | |
| State of California, City of Los Angeles, Dept. of Water and Power, Power System Demand Rev. Bonds, Series 2002-A-1, 0.02% 20351 | 2,500 | 2,500 | |
| State of California, City of Los Angeles, Dept. of Water and Power, Rev. Bonds, Series 2021-A-1, 0.01% 20501 | 7,500 | 7,500 | |
| State of California, City of Los Angeles, Dept. of Water and Power, Water System Bonds, Series 2019-A, 0.02% 20491 | 5,200 | 5,200 | |
| State of California, County of Los Angeles, Schools Pooled Fncg. Program, Certs. of Parts., Series 2021-B, 2.00% 12/30/2021 | 6,000 | 6,048 | |
| State of California, Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2016-B-2, 0.01% 20371 | 3,605 | 3,605 | |
| State of California, Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2016-B-1, 0.01% 20371 | 750 | 750 | |
| State of California, Municipal Fin. Auth., Pollution Control Rev. Ref. Bonds (Chevron U.S.A., Inc. Project), Series 2005, 0.04% 20251 | 1,500 | 1,500 | |
| State of California, County of Riverside, Tax and Rev. Anticipation Notes, Series 2021, 2.00% 6/30/2022 | 5,000 | 5,088 | |
| State of California, Statewide Communities Dev. Auth., Pollution Control Rev. Ref. Bonds (Chevron U.S.A., Inc. Project), Series 2002, 0.04% 20241 | 2,435 | 2,435 | |
| State of California, City of Stockton, Public Fncg. Auth., Wastewater Bond Anticipation Notes, Series 2019, 1.40% 6/1/2022 | 4,525 | 4,531 | |
| State of California, Regents of the University of California, General Rev. Bonds, Series 2013-AL-4, 0.02% 20481 | 11,295 | 11,295 | |
| State of California, Regents of the University of California, Medical Center Pooled Rev. Bonds, Series 2007-B-1, 0.01% 20321 | 2,755 | 2,755 | |
| Total short-term securities (cost: $83,052,000) | 83,091 | ||
| Total investment securities 103.24% (cost: $660,385,000) | 679,660 | ||
| Other assets less liabilities (3.24%) | (21,335) | ||
| Net assets 100.00% | $658,325 | ||
Futures contracts
| Contracts | Type | Number of contracts | Expiration | Notional amount3 (000) | Value at 7/31/20214 (000) | Unrealized appreciation (depreciation) at 7/31/2021 (000) |
| 5 Year U.S. Treasury Note Futures | Long | 57 | September 2021 | $5,700 | $7,093 | $20 |
| 10 Year U.S. Treasury Note Futures | Short | 277 | September 2021 | (27,700) | (37,243) | (677) |
| $(657) |
Capital Group California Core Municipal Fund — Page 58 of 84
unaudited
| 1 | 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. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. |
| 2 | Acquired in a transaction exempt from registration under Rule 144A 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 $7,124,000, which represented 1.08% of the net assets of the fund. |
| 3 | Notional amount is calculated based on the number of contracts and notional contract size. |
| 4 | Value is calculated based on the notional amount and current market price. |
| Key to abbreviations and symbol | |
| Agcy. = Agency | G.O. = General Obligation |
| AMT = Alternative Minimum Tax | IAM = Interest at Maturity |
| Auth. = Authority | LIBOR = London Interbank Offered Rate |
| Certs. = Certificates | LOC = Letter of Credit |
| Dept. = Department | Part. = Participation |
| Dev. = Development | Preref. = Prerefunded |
| Dist. = District | Redev. = Redevelopment |
| Econ. = Economic | Ref. = Refunding |
| Fac. = Facility | Rev. = Revenue |
| Facs. = Facilities | SIFMA = Securities Industry and Financial Markets Association |
| Fin. = Finance | USD/$ = U.S. dollars |
| Fncg. = Financing |
Capital Group California Core Municipal Fund — Page 59 of 84
Capital Group California Short-Term Municipal FundSM
Investment portfolio
July 31, 2021
unaudited
| Bonds, notes & other debt instruments 94.13% California 94.13% | Principal amount (000) | Value (000) | |
| City of Alhambra, Rev. Ref. Bonds (Atherton Baptist Homes Project), Series 2016, 5.00% 2023 | $450 | $480 | |
| Alvord Unified School Dist., G.O. Rev. Ref. Bonds, Series 2018, Assured Guaranty Municipal insured, 5.00% 2022 | 500 | 524 | |
| Anaheim City School Dist., G.O. Bonds, 2010 Election, Series 2011, 6.25% 2040 (preref. 2021) | 2,000 | 2,000 | |
| City of Anaheim, Housing and Public Improvements Auth., Rev. Bonds (Electric Utility Distribution System Improvements), Series 2020-A, 5.00% 2021 | 435 | 438 | |
| City of Anaheim, Housing and Public Improvements Auth., Rev. Bonds (Electric Utility Distribution System Improvements), Series 2020-A, 5.00% 2022 | 230 | 243 | |
| City of Anaheim, Housing and Public Improvements Auth., Rev. Bonds (Electric Utility Distribution System Improvements), Series 2020-A, 5.00% 2023 | 200 | 221 | |
| Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Sharp HealthCare), Series 2012-A, 5.00% 2023 (preref. 2022) | 1,640 | 1,680 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2013-S-4, 5.00% 2043 (preref. 2023) | 1,525 | 1,651 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Bonds, Series 2021-A, 2.00% 2056 (put 2028) | 1,000 | 1,076 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Ref. Bonds, Series 2017-S-7, 5.00% 2024 | 1,000 | 1,127 | |
| Bay Area Toll Auth., San Francisco Bay Area Toll Bridge Rev. Ref. Bonds, Series 2012-F-1, 5.00% 2031 (preref. 2022) | 1,365 | 1,410 | |
| City of Beaumont, Wastewater Rev. Bonds, Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2022 | 225 | 237 | |
| City of Burbank, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Redev. Bonds, Series 2015, BAM insured, 5.00% 2022 | 500 | 531 | |
| Burlingame Elementary School Dist., G.O. Bonds, 2020 Election, Series A, 3.00% 2022 | 600 | 618 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2018-A, 5.00% 2023 | 1,045 | 1,160 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2013-A, 5.00% 2023 | 400 | 444 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2020-A, 5.00% 2024 | 800 | 925 | |
| Trustees of the California State University, Systemwide Rev. Bonds, Series 2016-B-3, 4.00% 2051 (put 2023) | 1,650 | 1,759 | |
| Chino Basin Regional Fin. Auth., Rev. Notes (Inland Empire Utilities Interim Fncg.), Series 2020-B, 4.00% 2025 | 1,500 | 1,720 | |
| City of Chino, Public Fncg. Auth., Local Agcy. Rev. Ref. Bonds, Series 2015-A, Assured Guaranty Municipal insured, 4.00% 2021 | 655 | 657 | |
| Coast Community College Dist., G.O. Bonds, Capital Appreciation Bonds, Series 2006-B, Assured Guaranty insured, 0% 2026 | 1,205 | 1,166 | |
| Compton Unified School Dist., G.O. Bonds, 2015 Election, Series 2019-B, BAM insured, 4.00% 2022 | 1,350 | 1,393 | |
| Compton Unified School Dist., G.O. Bonds, 2015 Election, Series 2019-B, BAM insured, 5.00% 2025 | 125 | 146 | |
| Compton Unified School Dist., G.O. Bonds, 2015 Election, Series 2019-B, BAM insured, 5.00% 2027 | 500 | 623 | |
| Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series 2019, 4.00% 2024 | 400 | 443 | |
| Del Mar Union School Dist., Community Facs. Dist. No. 99-1, Special Tax Bonds, Series 2019, 4.00% 2025 | 410 | 468 | |
| East Bay Municipal Utility Dist., Water System Rev. Bonds, Series 2019-A, 5.00% 2023 | 1,390 | 1,516 | |
| East Side Union High School Dist., G.O. Rev. Ref. Bonds, Series 2020, BAM insured, 5.00% 2025 | 845 | 1,006 | |
| Eastern Municipal Water Dist., Fin. Auth., Water and Wastewater Rev. Ref. Bonds, Series 2020-A, 5.00% 2024 | 225 | 257 | |
| Eastern Municipal Water Dist., Fin. Auth., Water and Wastewater Rev. Ref. Bonds, Series 2020-A, 5.00% 2026 | 300 | 369 | |
| Educational Facs. Auth., Rev. Bonds (Chapman University), Series 2021-A, 5.00% 2025 | 425 | 498 | |
| County of El Dorado, Community Facs. Dist. No. 1992-1 (El Dorado Hills Dev.), Special Tax Rev. Ref. Bonds, Series 2012, 5.00% 2022 | 845 | 890 | |
| Fowler Unified School Dist., G.O. Rev. Ref. Bonds, Series 2014, Assured Guaranty Municipal insured, 4.00% 2024 | 745 | 828 | |
| Fresno Joint Powers Fin. Auth., Rev. Ref. Bonds (Master Lease Projects), Series 2017-A, Assured Guaranty Municipal insured, 5.00% 2022 | 1,350 | 1,392 | |
| G.O. Bonds, Series 2013-E, (SIFMA Municipal Swap Index + 0.43%) 0.45% 2029 (put 2023)1 | 500 | 501 | |
| Glendale Community College Dist., G.O. Rev. Ref. Bonds, 2016 Election, Series 2020-B, 4.00% 2023 | 500 | 539 | |
| Glendale Unified School Dist., G.O. Bonds, 2011 Election, Series 2020-E, 4.00% 2024 | 475 | 531 | |
Capital Group California Short-Term Municipal Fund — Page 60 of 84
unaudited
| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2017A-1, 5.00% 2022 | $1,500 | $1,560 | |
| Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2018-A, 5.00% 2022 | 1,000 | 1,040 | |
| City of Hawthorne, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2016, Assured Guaranty Municipal insured, 5.00% 2021 | 300 | 301 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Adventist Health System/West), Series 2013-A, 5.00% 2024 | 410 | 441 | |
| Health Facs. Fncg. Auth., Rev. Bonds (El Camino Hospital), Series 2017, 5.00% 2025 | 400 | 475 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Kaiser Permanente), Series 2017-B, 5.00% 2029 (put 2022) | 1,000 | 1,061 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Providence St. Joseph Health), Series 2016-A, 5.00% 2022 | 300 | 317 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Providence St. Joseph Health), Series 2016-B-2, 4.00% 2036 (put 2024) | 110 | 123 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Stanford Health Care), Series 2021-A, 3.00% 2054 (put 2025) | 1,475 | 1,635 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2016-A, 5.00% 2022 (escrowed to maturity) | 200 | 213 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2018-A, 5.00% 2023 | 1,275 | 1,417 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2018-A, 5.00% 2025 | 400 | 480 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2016-A, 5.00% 2026 (preref. 2025) | 275 | 330 | |
| Health Facs. Fncg. Auth., Rev. Bonds (Sutter Health), Series 2016-A, 5.00% 2046 (preref. 2025) | 250 | 300 | |
| Health Facs. Fncg. Auth., Rev. Green Bonds (Kaiser Permanente), Series 2017-C, 5.00% 2031 (put 2022) | 1,150 | 1,220 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Adventist Health System/West), Series 2016-A, 4.00% 2022 | 300 | 307 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Lucile Salter Packard Children’s Hospital at Stanford), Series 2022-A, 5.00% 2024 | 680 | 740 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (St. Joseph Health System), Series 2009-D, 1.70% 2033 (put 2022) | 750 | 764 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (St. Joseph Health System), Series 2009-C, 5.00% 2034 (put 2022) | 1,200 | 1,271 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Stanford Hospital and Clinics), Series 2008-A-3, 5.50% 2040 (preref. 2021) | 1,500 | 1,523 | |
| Health Facs. Fncg. Auth., Rev. Ref. Bonds (Sutter Health), Series 2016-B, 5.00% 2026 | 700 | 867 | |
| Hemet Unified School Dist., G.O. Rev. Ref. Bonds, Series 2014, Assured Guaranty Municipal insured, 4.00% 2024 | 500 | 555 | |
| Infrastructure and Econ. Dev. Bank, Rev. Bonds (Stanford Consortium Project), Series 2016-A, 5.00% 2022 | 265 | 275 | |
| Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (Segerstrom Center for the Arts), Series 2016-B, 5.00% 2023 | 1,000 | 1,087 | |
| Infrastructure and Econ. Dev. Bank, Rev. Ref. Bonds (The Broad), Series 2021-A, 5.00% 2026 | 585 | 717 | |
| City of Irvine, Reassessment Dist. No. 12-1, Limited Obligation Improvement Bonds, Series 2015, 5.00% 2024 | 965 | 1,112 | |
| City of Irvine, Reassessment Dist. No. 15-1, Limited Obligation Improvement Bonds, Series 2015, 5.00% 2021 | 500 | 502 | |
| City of Jurupa, Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2020-A, BAM insured, 5.00% 2021 | 500 | 502 | |
| County of Kern, Water Agcy., Improvement Dist. No. 4, Water Rev. Ref. Bonds, Series 2016-A, Assured Guaranty Municipal insured, 5.00% 2023 | 800 | 869 | |
| Kern Community College Dist., Facs. Improvement Dist. No. 1, G.O. Bonds, 2016 Election, Series 2020-C, 4.00% 2026 | 645 | 759 | |
| Kings Canyon Joint Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016, Assured Guaranty Municipal insured, 5.00% 2022 | 470 | 493 | |
| La Canada Unified School Dist., G.O. Bonds, 2017 Election, Series 2020-B, 4.00% 2022 | 270 | 281 | |
| La Canada Unified School Dist., G.O. Bonds, 2017 Election, Series 2020-B, 4.00% 2023 | 260 | 280 | |
| La Canada Unified School Dist., G.O. Bonds, 2017 Election, Series 2020-B, 4.00% 2024 | 425 | 475 | |
| Lake Elsinore Facs. Fin. Auth., Local Agcy. Rev. Ref. Bonds, Series 2021-B, Assured Guaranty Municipal insured, 4.00% 2026 | 195 | 228 | |
| Lake Elsinore Facs. Fin. Auth., Local Agcy. Rev. Ref. Bonds, Series 2021-B, Assured Guaranty Municipal insured, 4.00% 2027 | 210 | 251 | |
| Lammersville Joint Unified School Dist., Community Facs. Dist. No. 2002, Special Tax Bonds, Series 2017, 4.00% 2021 | 525 | 526 | |
| Los Altos Union High School Dist., G.O. Bonds, Capital Appreciation Bonds, Series 1997-C, National insured, 0% 2022 | 460 | 460 | |
| City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Ref. Bonds, Series 2021-B, 5.00% 2025 | 1,000 | 1,179 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2021-B, 3.00% 2022 | 1,000 | 1,027 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2013-A, 5.00% 2022 | 590 | 617 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2014-D, 4.00% 2023 | 500 | 538 | |
Capital Group California Short-Term Municipal Fund — Page 61 of 84
unaudited
| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2018-D, 5.00% 2023 | $1,000 | $1,095 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2019-B, 5.00% 2023 | 1,000 | 1,095 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2014-B, 5.00% 2023 | 825 | 903 | |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2016-B, 5.00% 2024 | 800 | 914 | |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2016-B, 5.00% 2025 | 1,975 | 2,346 | |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2020-A, 5.00% 2025 | 500 | 594 | |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2020-A, 5.00% 2026 | 300 | 369 | |
| City of Los Angeles, Solid Waste Resources Rev. Bonds, Series 2013-A, 2.00% 2023 | 500 | 514 | |
| County of Los Angeles, Metropolitan Transportation Auth., Measure R Sales Tax Rev. Ref. Green Bonds, Series 2020-A, 5.00% 2024 | 1,000 | 1,136 | |
| County of Los Angeles, Metropolitan Transportation Auth., Measure R Sales Tax Rev. Ref. Green Bonds, Series 2020-A, 5.00% 2025 | 1,500 | 1,770 | |
| County of Los Angeles, Metropolitan Transportation Auth., Measure R Sales Tax Rev. Ref. Green Bonds, Series 2020-A, 5.00% 2026 | 400 | 489 | |
| County of Los Angeles, Metropolitan Transportation Auth., Proposition C Sales Tax Rev. Ref. Bonds, Series 2019-C, 5.00% 2023 | 1,405 | 1,538 | |
| Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Bonds, Series 2020-RYQ, 5.00% 2025 | 750 | 889 | |
| Los Angeles Unified School Dist., G.O. Dedicated Unlimited Ad Valorem Property Tax Rev. Ref. Bonds, Series 2017-A, 5.00% 2025 | 1,000 | 1,185 | |
| Los Angeles Unified School Dist., G.O. Rev. Ref. Bonds, Series 2014-A, 5.00% 2022 | 250 | 261 | |
| Los Angeles Unified School Dist., G.O. Rev. Ref. Bonds, Series 2015-A, 5.00% 2023 | 685 | 750 | |
| Mammoth Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 1998 Election, Series 2000, AMBAC insured, 0% 2023 | 1,000 | 992 | |
| Menifee Union School Dist., Public Fncg. Auth., Special Tax Rev. Bonds, Series 2016-A, BAM insured, 4.00% 2022 | 250 | 258 | |
| Menifee Union School Dist., Public Fncg. Auth., Special Tax Rev. Bonds, Series 2016-A, 5.00% 2026 | 755 | 866 | |
| Merced City School Dist., G.O. Bonds, Capital Appreciation Bonds, 2003 Election, Series 2005, MBIA insured, 0% 2023 | 1,065 | 1,058 | |
| Modesto Irrigation Dist., Electric System Rev. Ref. Bonds, Series 2016, 5.00% 2023 | 160 | 177 | |
| Modesto Irrigation Dist., Electric System Rev. Ref. Bonds, Series 2021, 5.00% 2026 | 635 | 778 | |
| Mountain View Whisman School Dist., G.O. Bonds, 2012 Election, Series 2016-B, 5.00% 2025 | 610 | 729 | |
| Municipal Fin. Auth., Solid Waste Rev. Ref. Bonds (Republic Services, Inc. Project), Capital Appreciation Bonds, Series 2010, Assured Guaranty Municipal insured, 0% 2023 | 260 | 257 | |
| Municipal Fin. Auth., Student Housing Rev. Bonds (CHF-Davis II, LLC - Orchard Park Student Housing Project), Series 2021, BAM insured, 5.00% 2025 | 400 | 469 | |
| Napa Valley Unified School Dist., G.O. Rev. Ref. Bonds, Series 2013, 5.00% 2024 | 250 | 274 | |
| New Haven Unified School Dist., G.O. Rev. Ref. Bonds, Capital Appreciation Bonds, Series 2012, Assured Guaranty Municipal insured, 0% 2023 | 965 | 956 | |
| Newport Mesa Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2005 Election, Series 2007, National insured, 0% 2022 | 1,000 | 999 | |
| Northern California Energy Auth., Commodity Supply Rev. Bonds, Series 2018, 4.00% 2049 (put 2024) | 1,000 | 1,103 | |
| Oakland Unified School Dist., G.O. Bonds, 2012 Election, Series 2015-A, Assured Guaranty Municipal insured, 5.00% 2021 | 1,100 | 1,100 | |
| Oakland Unified School Dist., G.O. Rev. Ref. Bonds, Series 2015, Assured Guaranty Municipal insured, 5.00% 2021 | 395 | 395 | |
| Oakland Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017-A, 5.00% 2022 | 1,000 | 1,048 | |
| County of Orange, Sanitation Dist., Wastewater Rev. Ref. Obligations, Series 2021-A, 5.00% 2026 | 1,750 | 2,122 | |
| County of Orange, Water Dist. Rev. Certs. of Part. (Interim Obligations), Series 2019-A, 2.00% 2023 | 2,250 | 2,316 | |
| County of Orange, Water Dist. Rev. Ref. Bonds, Series 2019-C, 5.00% 2024 | 500 | 574 | |
| Pasadena Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, 5.00% 2024 | 655 | 751 | |
| Peralta Community College Dist., G.O. Bonds, 2006 Election, Series 2020-E-1, 5.00% 2025 | 1,000 | 1,183 | |
| Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 2024 | 240 | 268 | |
| Perris Union High School Dist., G.O. Bonds, 2012 Election, Series 2021-C, 4.00% 2025 | 400 | 460 | |
| Pittsburg Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2010 Election, Series 2012-C, 0% 2047 (preref. 2022) | 200 | 47 | |
Capital Group California Short-Term Municipal Fund — Page 62 of 84
unaudited
| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Public Works Board, Lease Rev. Bonds (Various Capital Projects), Series 2014-E, 5.00% 2022 | $500 | $527 | |
| Public Works Board, Lease Rev. Bonds (Various Capital Projects), Series 2011-A, 5.00% 2027 | 1,025 | 1,033 | |
| Public Works Board, Lease Rev. Ref. Bonds (Dept. of Corrections, Various State Prisons), Series 2015-A, 5.00% 2023 | 1,860 | 2,026 | |
| Public Works Board, Lease Rev. Ref. Bonds (Dept. of State Hospitals), Series 2016-E, 5.00% 2025 | 1,000 | 1,089 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2020-E, 5.00% 2024 | 1,000 | 1,155 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2016-C, 5.00% 2024 | 505 | 583 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2017-B, 5.00% 2024 | 330 | 380 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2022-A, 5.00% 2025 | 1,330 | 1,530 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2016-C, 5.00% 2027 | 250 | 309 | |
| Public Works Board, Lease Rev. Ref. Bonds (Various State Office Buildings), Series 2015-F, 5.00% 2024 | 150 | 170 | |
| Ravenswood City School Dist., G.O. Bonds, 2016 Election, Series 2016, 5.00% 2023 | 445 | 489 | |
| City of Redding, Electric System Rev. Ref. Bonds, Series 2018, 5.00% 2022 | 725 | 755 | |
| City of Richmond, Wastewater Rev. Ref. Bonds, Series 2019-B, 5.00% 2023 | 940 | 1,033 | |
| County of Riverside, Infrastructure Fncg. Auth., Lease Rev. Ref. Bonds, Series 2015-A, 5.00% 2021 | 850 | 860 | |
| County of Riverside, Infrastructure Fncg. Auth., Lease Rev. Ref. Bonds, Series 2015-A, 5.00% 2021 (escrowed to maturity) | 150 | 152 | |
| Riverside Unified School Dist., Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2015, BAM insured, 5.00% 2021 | 685 | 688 | |
| Riverside Unified School Dist., G.O. Bonds, 2016 Election, Series 2019, 4.00% 2024 | 125 | 139 | |
| Robla School Dist., G.O. Bonds, 2018 Election, Series 2019-A, Assured Guaranty Municipal insured, 4.00% 2022 | 740 | 769 | |
| City of Roseville, Fin. Auth., Special Tax Rev. Ref. Bonds, Series 2016, 4.00% 2021 | 450 | 451 | |
| City of Roseville, Fin. Auth., Special Tax Rev. Ref. Bonds, Series 2016, 4.00% 2022 | 620 | 646 | |
| City of Sacramento, Municipal Utility Dist., Electric Rev. Bonds, Series 1997-K, AMBAC insured, 5.25% 2024 | 115 | 126 | |
| Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-D, BAM insured, 4.00% 2023 | 450 | 483 | |
| Sacramento Unified School Dist., G.O. Bonds, 2012 Election, Series 2019-D, BAM insured, 4.00% 2024 | 520 | 576 | |
| City of San Diego, Public Facs. Fncg. Auth., Lease Rev. Bonds (Capital Improvement Projects), Series 2021-A, 5.00% 2027 | 255 | 325 | |
| City of San Diego, Public Fin. Auth., Water Rev. Bonds, Series 2020-A, 5.00% 2022 | 335 | 352 | |
| City of San Diego, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2016-A, 5.00% 2021 | 365 | 366 | |
| County of San Diego, Community College Dist., G.O. Bonds, 2016 Election, Series 2011, 5.00% 2026 (preref. 2021) | 520 | 520 | |
| County of San Diego, Regional Airport Auth., Airport Rev. and Rev. Ref. Bonds, Series 2019-A, 5.00% 2023 | 500 | 547 | |
| County of San Diego, Regional Airport Auth., Airport Rev. and Rev. Ref. Bonds, Series 2019-A, 5.00% 2024 | 500 | 570 | |
| County of San Diego, Regional Airport Auth., Airport Rev. Ref. Bonds, Series 2020-B, 5.00% 2022 | 1,000 | 1,045 | |
| County of San Diego, Regional Transportation Commission, Limited Sales Tax Rev. Bonds, Series 2021-B, 5.00% 2026 | 140 | 171 | |
| County of San Diego, Regional Transportation Commission, Limited Sales Tax Rev. Short-Term Notes, Series 2021-A, 5.00% 2022 | 1,395 | 1,475 | |
| County of San Diego, Water Auth., Water Rev. Ref. Green Bonds, Series 2021-A, 5.00% 2025 | 1,000 | 1,180 | |
| City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Bonds, Series 2019-D-2, 5.00% 2024 | 2,000 | 2,266 | |
| City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Ref. Bonds, Series 2009-D-2, 4.00% 2023 (escrowed to maturity) | 400 | 427 | |
| City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Ref. Bonds, Series 2016-A-2, 5.00% 2024 | 400 | 453 | |
| City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Ref. Bonds, Series 2019-D-2, 5.00% 2026 | 500 | 609 | |
| City and County of San Francisco, G.O. Bonds (Earthquake Safety and Emergency Response), Series 2021-E-1, 5.00% 2025 | 815 | 965 | |
| City and County of San Francisco, Public Utilities Commission, San Francisco Water Rev. Bonds, Series 2011-A, 5.00% 2029 (preref. 2021) | 1,000 | 1,012 | |
| City and County of San Francisco, Public Utilities Commission, Wastewater Rev. Green Bonds, Series 2018-C, 2.125% 2048 (put 2023) | 1,000 | 1,032 | |
Capital Group California Short-Term Municipal Fund — Page 63 of 84
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| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| City and County of San Francisco, Successor Agcy. to the Redev. Agcy., Special Tax Rev. Ref. Bonds (San Francisco Redev. Projects), Series 2014-C, 5.00% 2022 | $250 | $262 | |
| San Francisco Community College Dist., G.O. Rev. Ref. Bonds, Series 2015, 5.00% 2024 | 865 | 983 | |
| San Gabriel Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election, Series 2012-B, 0% 2023 | 200 | 199 | |
| City of San Jose, Airport Rev. Ref. Bonds, Series 2021-A, BAM insured, 5.00% 2026 | 440 | 532 | |
| City of San Jose, Fin. Auth., Lease Rev. Ref. Bonds (Civic Center Project), Series 2013-A, 5.00% 2030 (preref. 2023) | 2,000 | 2,179 | |
| San Jose Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017, 5.00% 2022 | 155 | 163 | |
| Santa Monica-Malibu Unified School Dist., Certs. of Part., Capital Appreciation Notes, Series 2001-C, National insured, 0% 2022 | 100 | 100 | |
| Santa Monica-Malibu Unified School Dist., School Facs. Improvement Dist. No. 2 (Santa Monica Schools), G.O. Bonds, 2018 Election, Series 2021-B, 4.00% 2024 | 485 | 542 | |
| Santa Monica-Malibu Unified School Dist., School Facs. Improvement Dist. No. 2 (Santa Monica Schools), G.O. Bonds, 2018 Election, Series 2021-B, 4.00% 2025 | 335 | 386 | |
| Santa Rosa High School Dist., G.O. Bonds, 2014 Election, Series 2021-E, BAM insured, 4.00% 2025 | 1,050 | 1,203 | |
| Semitropic Water Storage Dist., Water Banking Rev. Ref. Bonds, Series 2012-A, 5.00% 2035 (preref. 2022) | 1,325 | 1,410 | |
| Silicon Valley Clean Water, Wastewater Rev. Notes, Series 2019-A, 3.00% 2024 | 2,500 | 2,645 | |
| Southern California Public Power Auth., Rev. Ref. Bonds (Magnolia Power Project A), Series 2020-1, 5.00% 2025 | 1,000 | 1,186 | |
| Southern California Public Power Auth., Rev. Ref. Bonds (Milford Wind Corridor Phase I Project), Series 2019-1, 5.00% 2022 | 200 | 209 | |
| Southern California Public Power Auth., Rev. Ref. Green Bonds (Linden Wind Energy Project), Series 2020-A, 5.00% 2024 | 550 | 615 | |
| Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor Phase II Project), Series 2021-1, 5.00% 2024 | 520 | 593 | |
| Southwestern Community College Dist., G.O. Rev. Ref. Bonds (2019 Crossover), Series 2016-A, 3.00% 2021 | 200 | 200 | |
| Southwestern Community College Dist., G.O. Rev. Ref. Bonds (2019 Crossover), Series 2016-B, 4.00% 2022 | 310 | 322 | |
| Statewide Communities Dev. Auth., Health Fac. Rev. Ref. Bonds (Los Angeles Jewish Home for the Aging), Series 2019-A, 4.00% 2022 | 265 | 277 | |
| Statewide Communities Dev. Auth., Health Fac. Rev. Ref. Bonds (Los Angeles Jewish Home for the Aging), Series 2019-A, 4.00% 2021 | 150 | 151 | |
| Statewide Communities Dev. Auth., Health Fac. Rev. Ref. Bonds (Los Angeles Jewish Home for the Aging), Series 2019-A, 4.00% 2023 | 250 | 272 | |
| Statewide Communities Dev. Auth., Health Fac. Rev. Ref. Bonds (Los Angeles Jewish Home for the Aging), Series 2019-B, 4.00% 2023 | 660 | 717 | |
| Statewide Communities Dev. Auth., Multi Family Housing Rev. Bonds (Washington Court Apartments), Series 2021-E, 0.22% 2023 (put 2022) | 1,000 | 1,000 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series 2018, 5.00% 2022 | 150 | 154 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series 2018-A, 5.00% 2023 | 135 | 145 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series 2018-A, 5.00% 2024 | 200 | 225 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Adventist Health System/West), Series 2018-A, 5.00% 2025 | 415 | 485 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Cottage Health System Obligated Group), Series 2015, 5.00% 2043 (preref. 2024) | 1,500 | 1,732 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Huntington Memorial Hospital), Series 2018, 5.00% 2022 | 700 | 731 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Huntington Memorial Hospital), Series 2018, 5.00% 2026 | 325 | 395 | |
| Statewide Communities Dev. Auth., Rev. Bonds (Viamonte Senior Living 1 Project), Series 2018-B, 3.00% 2025 | 500 | 501 | |
| City of Stockton, Public Fncg. Auth., Water Rev. Ref. Green Bonds, Series 2018-A, BAM insured, 5.00% 2021 | 500 | 504 | |
| City of Stockton, Public Fncg. Auth., Water Rev. Ref. Green Bonds, Series 2018-A, BAM insured, 5.00% 2022 | 1,210 | 1,275 | |
| City of Suisun, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2014-B, BAM insured, 5.00% 2021 | 500 | 504 | |
| Sweetwater Union High School Dist., G.O. Rev. Ref. Bonds, Series 2014, BAM insured, 5.00% 2021 | 380 | 380 | |
| Temecula Valley Unified School Dist., Fncg. Auth., Special Tax Rev. Bonds, Series 2015, BAM insured, 5.00% 2021 | 515 | 517 | |
| Torrance Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2008 Election, Series 2009-B-1, 0% 2023 | 250 | 249 | |
| City of Tracy, Successor Agcy. to the Community Dev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2016, Assured Guaranty Municipal insured, 5.00% 2022 | 450 | 471 | |
| Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00% 2025 | 500 | 593 | |
| Transbay Joint Powers Auth., Senior Tax Allocation Green Bonds, Series 2020-A, 5.00% 2026 | 550 | 673 | |
Capital Group California Short-Term Municipal Fund — Page 64 of 84
unaudited
| Bonds, notes & other debt instruments (continued) California (continued) | Principal amount (000) | Value (000) | |
| Twin Rivers Unified School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, Assured Guaranty Municipal insured, 5.00% 2027 | $225 | $275 | |
| Ukiah Unified School Dist., G.O. Bonds, Capital Appreciation Bonds, 2005 Election, Series 2006, MBIA insured, 0% 2023 | 440 | 436 | |
| Union City, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Redev. Bonds, Series 2015-A, 5.00% 2021 | 235 | 237 | |
| Regents of the University of California, G.O. Rev. Bonds, Series 2013-AK, 5.00% 2048 (put 2023) | 1,000 | 1,088 | |
| Regents of the University of California, Limited Project Rev. Bonds, Series 2012-G, 5.00% 2022 | 150 | 156 | |
| Regents of the University of California, Limited Project Rev. Bonds, Series 2015-I, 5.00% 2023 | 1,220 | 1,327 | |
| Regents of the University of California, Limited Project Rev. Bonds, Series 2022-S, 5.00% 2026 | 2,500 | 2,952 | |
| Val Verde Unified School Dist., G.O. Bonds, 2020 Election, Series 2020-A, BAM insured, 4.00% 2021 | 575 | 575 | |
| Val Verde Unified School Dist., G.O. Bonds, 2020 Election, Series 2020-A, BAM insured, 4.00% 2023 | 450 | 483 | |
| Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2016-B, 3.50% 2045 | 465 | 495 | |
| Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2019-A, 4.00% 2049 | 1,310 | 1,450 | |
| Dept. of Veterans Affairs, Home Purchase Rev. Bonds, Series 2020-A, 3.00% 2050 | 995 | 1,090 | |
| Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2017-CQ, 4.00% 2047 | 655 | 714 | |
| Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2018-CR, 4.00% 2048 | 1,195 | 1,315 | |
| Dept. of Veterans Affairs, Veterans G.O. Bonds, Series 2020-CT, 3.00% 2050 | 1,990 | 2,180 | |
| Dept. of Veterans Affairs, Veterans G.O. Rev. Ref. Bonds, Series 2016-CN, 3.50% 2045 | 680 | 717 | |
| Victor Valley Union High School Dist., G.O. Rev. Ref. Bonds, Series 2016-B, Assured Guaranty Municipal insured, 3.00% 2021 | 200 | 200 | |
| City of Vista, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Redev. Bonds, Series 2015-B-1, Assured Guaranty Municipal insured, 5.00% 2021 | 265 | 266 | |
| Dept. of Water Resources, Water System Rev. Bonds (Central Valley Project), Series 2021-BD, 5.00% 2025 | 1,000 | 1,205 | |
| West Contra Costa Unified School Dist., G.O. Bonds, 2012 Election, Series 2020-E, Assured Guaranty Municipal insured, 4.00% 2024 | 300 | 333 | |
| West Contra Costa Unified School Dist., G.O. Bonds, 2012 Election, Series 2020-E, Assured Guaranty Municipal insured, 4.00% 2026 | 640 | 751 | |
| West Contra Costa Unified School Dist., G.O. Rev. Ref. Bonds, Series 2017-A-1, 5.00% 2024 | 250 | 285 | |
| West Contra Costa Unified School Dist., G.O. Rev. Ref. Bonds, Series 2011, Assured Guaranty Municipal insured, 5.25% 2024 (preref. 2021) | 1,085 | 1,085 | |
| Western Riverside Water and Wastewater Fncg. Auth., Local Agcy. Rev. Ref. Bonds, Series 2016-A, 5.00% 2022 | 100 | 105 | |
| City of Westminster, Successor Agcy. to the Redev. Agcy., Commercial Redev. Project No. 1, Tax Allocation Rev. Ref. Bonds, Series 2016-B, BAM insured, 4.00% 2022 | 120 | 125 | |
| Whittier Union High School Dist., G.O. Rev. Ref. Bonds, Series 2015, 5.00% 2022 | 300 | 315 | |
| Total bonds, notes & other debt instruments (cost: $168,255,000) | 170,737 | ||
| Short-term securities 9.62% Municipals 9.62% | |||
| State of California, Fin. Auth., Recovery Zone Fac. Bonds (Chevron U.S.A., Inc. Project), Series 2010-A, 0.04% 20351 | 4,800 | 4,800 | |
| State of California, Kern Community College Dist., Facs. Improvement Dist. No. 1, G.O. Bond Anticipation Notes, Capital Appreciation Notes, Series 2020, 0% 2023 | 500 | 499 | |
| State of California, City of Los Angeles, Dept. of Water and Power, Power System Rev. Ref. Bonds, Series 2001-B-3, 0.02% 20341 | 1,300 | 1,300 | |
| State of California, Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2016-B-2, 0.01% 20371 | 3,500 | 3,500 | |
| State of California, Pollution Control Fncg. Auth., Environmental Impact Rev. Bonds (Air Products and Chemicals, Inc. Project), Series 1997-B, 0.02% 20421 | 1,350 | 1,350 | |
Capital Group California Short-Term Municipal Fund — Page 65 of 84
unaudited
| Short-term securities (continued) Municipals (continued) | Principal amount (000) | Value (000) | |
| State of California, Regents of the University of California, General Rev. Bonds, Series 2013-AL-4, 0.02% 20481 | $2,000 | $2,000 | |
| State of California, Regents of the University of California, Medical Center Pooled Rev. Bonds, Series 2007-B-2, 0.03% 20321 | 4,000 | 4,000 | |
| Total short-term securities (cost: $17,441,000) | 17,449 | ||
| Total investment securities 103.75% (cost: $185,696,000) | 188,186 | ||
| Other assets less liabilities (3.75%) | (6,807) | ||
| Net assets 100.00% | $181,379 | ||
Futures contracts
| Contracts | Type | Number of contracts | Expiration | Notional amount2 (000) | Value at 7/31/20213 (000) | Unrealized appreciation (depreciation) at 7/31/2021 (000) |
| 5 Year U.S. Treasury Note Futures | Long | 8 | September 2021 | $800 | $996 | $3 |
| 10 Year U.S. Treasury Note Futures | Short | 44 | September 2021 | (4,400) | (5,916) | (97) |
| $(94) |
| 1 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date. |
| 2 | Notional amount is calculated based on the number of contracts and notional contract size. |
| 3 | Value is calculated based on the notional amount and current market price. |
| Key to abbreviations and symbol | |
| Agcy. = Agency | G.O. = General Obligation |
| AMT = Alternative Minimum Tax | IAM = Interest at Maturity |
| Auth. = Authority | LIBOR = London Interbank Offered Rate |
| Certs. = Certificates | LOC = Letter of Credit |
| Dept. = Department | Part. = Participation |
| Dev. = Development | Preref. = Prerefunded |
| Dist. = District | Redev. = Redevelopment |
| Econ. = Economic | Ref. = Refunding |
| Fac. = Facility | Rev. = Revenue |
| Facs. = Facilities | SIFMA = Securities Industry and Financial Markets Association |
| Fin. = Finance | USD/$ = U.S. dollars |
| Fncg. = Financing |
Capital Group California Short-Term Municipal Fund — Page 66 of 84
Capital Group Core Bond FundSM
Investment portfolio
July 31, 2021
unaudited
| Bonds, notes & other debt instruments 94.36% U.S. Treasury bonds & notes 39.86% U.S. Treasury 34.78% | Principal amount (000) | Value (000) | |
| U.S. Treasury 1.875% 2021 | $500 | $503 | |
| U.S. Treasury 2.125% 2021 | 1,000 | 1,009 | |
| U.S. Treasury 0.125% 2022 | 27,000 | 27,014 | |
| U.S. Treasury 1.50% 2022 | 1,920 | 1,950 | |
| U.S. Treasury 1.75% 2022 | —1 | —1 | |
| U.S. Treasury 1.875% 2022 | 3,745 | 3,801 | |
| U.S. Treasury 2.125% 2022 | 3,000 | 3,056 | |
| U.S. Treasury 0.125% 2023 | 10,000 | 9,999 | |
| U.S. Treasury 0.125% 2023 | 2,000 | 1,995 | |
| U.S. Treasury 0.25% 2023 | 2,610 | 2,614 | |
| U.S. Treasury 1.25% 2023 | 1,000 | 1,021 | |
| U.S. Treasury 1.375% 20232 | 1,275 | 1,304 | |
| U.S. Treasury 1.375% 2023 | 1,000 | 1,024 | |
| U.S. Treasury 1.75% 2023 | 1,000 | 1,028 | |
| U.S. Treasury 2.00% 2023 | 2,000 | 2,057 | |
| U.S. Treasury 2.125% 2023 | 3,415 | 3,565 | |
| U.S. Treasury 2.25% 2023 | 500 | 524 | |
| U.S. Treasury 2.50% 2023 | 1,050 | 1,099 | |
| U.S. Treasury 2.75% 2023 | 4,542 | 4,748 | |
| U.S. Treasury 2.75% 2023 | 2,250 | 2,380 | |
| U.S. Treasury 0.25% 2024 | 2,500 | 2,496 | |
| U.S. Treasury 0.375% 2024 | 20,000 | 20,041 | |
| U.S. Treasury 1.75% 2024 | 4,000 | 4,168 | |
| U.S. Treasury 2.00% 2024 | 3,288 | 3,447 | |
| U.S. Treasury 2.00% 2024 | 2,480 | 2,595 | |
| U.S. Treasury 2.125% 2024 | 5,000 | 5,275 | |
| U.S. Treasury 2.125% 20242 | 5,000 | 5,239 | |
| U.S. Treasury 2.25% 20242 | 3,713 | 3,911 | |
| U.S. Treasury 2.25% 2024 | 1,820 | 1,910 | |
| U.S. Treasury 2.75% 2024 | 2,500 | 2,658 | |
| U.S. Treasury 0.50% 2025 | 4,452 | 4,456 | |
| U.S. Treasury 1.375% 2025 | 8,128 | 8,390 | |
| U.S. Treasury 2.00% 2025 | 2,000 | 2,108 | |
| U.S. Treasury 2.625% 2025 | 6,600 | 7,181 | |
| U.S. Treasury 7.625% 20252 | 750 | 940 | |
| U.S. Treasury 0.50% 2026 | 3,500 | 3,479 | |
| U.S. Treasury 0.75% 2026 | 11,150 | 11,199 | |
| U.S. Treasury 1.625% 2026 | 3,000 | 3,134 | |
| U.S. Treasury 1.75% 20262 | 12,140 | 12,782 | |
| U.S. Treasury 1.875% 20262 | 12,000 | 12,699 | |
| U.S. Treasury 1.125% 2027 | 477 | 486 | |
| U.S. Treasury 2.25% 2027 | 8,420 | 9,092 | |
| U.S. Treasury 2.25% 20272 | 2,200 | 2,382 | |
Capital Group Core Bond Fund — Page 67 of 84
unaudited
| Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury (continued) | Principal amount (000) | Value (000) | |
| U.S. Treasury 2.625% 2029 | $9,160 | $10,201 | |
| U.S. Treasury 1.625% 2031 | 6,821 | 7,069 | |
| 218,029 | |||
| U.S. Treasury inflation-protected securities 5.08% | |||
| U.S. Treasury Inflation-Protected Security 0.125% 20253 | 10,572 | 11,530 | |
| U.S. Treasury Inflation-Protected Security 0.125% 20263 | 1,283 | 1,416 | |
| U.S. Treasury Inflation-Protected Security 0.875% 20292,3 | 4,878 | 5,808 | |
| U.S. Treasury Inflation-Protected Security 0.125% 20303 | 11,585 | 13,110 | |
| 31,864 | |||
| Total U.S. Treasury bonds & notes | 249,893 | ||
| Corporate bonds, notes & loans 25.96% Financials 6.00% | |||
| ACE INA Holdings, Inc. 2.875% 2022 | 150 | 154 | |
| ACE INA Holdings, Inc. 3.35% 2026 | 45 | 50 | |
| ACE INA Holdings, Inc. 4.35% 2045 | 50 | 65 | |
| Allstate Corp. 0.75% 2025 | 637 | 636 | |
| Allstate Corp. 3.28% 2026 | 175 | 195 | |
| American International Group, Inc. 2.50% 2025 | 2,000 | 2,113 | |
| American International Group, Inc. 3.40% 2030 | 1,021 | 1,130 | |
| Bank of America Corp. 1.197% 2026 (USD-SOFR + 1.01% on 10/24/2025)4 | 1,108 | 1,107 | |
| Bank of America Corp. 1.734% 2027 (USD-SOFR + 0.96% on 7/22/2026)4 | 1,740 | 1,771 | |
| Bank of America Corp. 1.922% 2031 (USD-SOFR + 1.37% on 10/24/2030)4 | 1,385 | 1,367 | |
| Bank of America Corp. 2.687% 2032 (USD-SOFR + 1.32% on 4/22/2031)4 | 748 | 781 | |
| Citigroup, Inc. 4.45% 2027 | 400 | 462 | |
| Citigroup, Inc. 2.572% 2031 (USD-SOFR + 2.107% on 6/3/2030)4 | 1,283 | 1,330 | |
| Citigroup, Inc. 2.666% 2031 (USD-SOFR + 1.146% on 1/29/2030)4 | 502 | 525 | |
| Credit Suisse Group AG 3.80% 2023 | 500 | 529 | |
| GE Capital Funding, LLC 3.45% 2025 | 1,000 | 1,091 | |
| Goldman Sachs Group, Inc. 3.272% 2025 (3-month USD-LIBOR + 1.201% on 9/29/2024)4 | 1,385 | 1,486 | |
| Goldman Sachs Group, Inc. 0.855% 2026 (USD-SOFR + 0.609% on 2/12/2025)4 | 400 | 398 | |
| Goldman Sachs Group, Inc. 1.093% 2026 (USD-SOFR + 0.789% on 12/9/2025)4 | 750 | 746 | |
| Goldman Sachs Group, Inc. 3.814% 2029 (3-month USD-LIBOR + 1.158% on 4/23/2028)4 | 725 | 818 | |
| Goldman Sachs Group, Inc. 1.992% 2032 (USD-SOFR + 1.09% on 1/27/2031)4 | 708 | 699 | |
| Goldman Sachs Group, Inc. 4.017% 2038 (3-month USD-LIBOR + 1.373% on 10/31/2037)4 | 175 | 208 | |
| JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR + 0.73% on 4/23/2023)4 | 1,125 | 1,184 | |
| JPMorgan Chase & Co. 2.301% 2025 (USD-SOFR + 1.16% on 10/15/2024)4 | 1,165 | 1,217 | |
| JPMorgan Chase & Co. 1.045% 2026 (USD-SOFR + 0.80% on 11/19/2025)4 | 1,500 | 1,492 | |
| JPMorgan Chase & Co. 2.58% 2032 (USD-SOFR + 1.25% on 4/22/2031)4 | 232 | 242 | |
| Lloyds Banking Group PLC 4.375% 2028 | 200 | 232 | |
| Marsh & McLennan Companies, Inc. 3.875% 2024 | 495 | 536 | |
| Marsh & McLennan Companies, Inc. 2.25% 2030 | 715 | 738 | |
| Metropolitan Life Global Funding I 0.95% 20255 | 757 | 762 | |
| Morgan Stanley 2.72% 2025 (USD-SOFR + 1.152% on 7/22/2024)4 | 1,640 | 1,727 | |
| Morgan Stanley 0.985% 2026 (USD-SOFR + 0.72% on 12/10/2025)4 | 1,386 | 1,372 | |
| Morgan Stanley 1.593% 2027 (USD-SOFR + 0.879% on 5/4/2026)4 | 954 | 969 | |
| Morgan Stanley 2.699% 2031 (USD-SOFR + 1.143% on 1/22/2030)4 | 461 | 486 | |
| National Securities Clearing Corp. 0.40% 20235 | 3,000 | 3,006 | |
| New York Life Global Funding 1.70% 20215 | 750 | 751 | |
| New York Life Global Funding 2.25% 20225 | 305 | 311 | |
| Northwestern Mutual Global Funding 0.80% 20265 | 1,778 | 1,765 | |
Capital Group Core Bond Fund — Page 68 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
| Toronto-Dominion Bank 0.45% 2023 | $1,353 | $1,355 | |
| Wells Fargo & Company 2.572% 2031 (3-month USD-LIBOR + 1.00% on 2/11/2030)4 | 1,715 | 1,792 | |
| 37,598 | |||
| Consumer discretionary 3.18% | |||
| Amazon.com, Inc. 0.25% 2023 | 1,175 | 1,175 | |
| Amazon.com, Inc. 0.45% 2024 | 1,175 | 1,175 | |
| Amazon.com, Inc. 0.80% 2025 | 1,544 | 1,552 | |
| Amazon.com, Inc. 1.20% 2027 | 1,287 | 1,300 | |
| Amazon.com, Inc. 1.65% 2028 | 1,175 | 1,201 | |
| Amazon.com, Inc. 2.10% 2031 | 1,175 | 1,215 | |
| American Honda Finance Corp. 2.30% 2026 | 80 | 85 | |
| American Honda Finance Corp. 3.50% 2028 | 325 | 367 | |
| Bayerische Motoren Werke AG 0.80% 20245 | 1,225 | 1,234 | |
| General Motors Company 4.20% 2027 | 1,020 | 1,150 | |
| General Motors Financial Co. 1.05% 2024 | 350 | 353 | |
| General Motors Financial Co. 1.50% 2026 | 1,797 | 1,804 | |
| Home Depot, Inc. 3.25% 2022 | 350 | 356 | |
| Hyundai Capital America 0.80% 20235 | 1,200 | 1,201 | |
| Hyundai Capital America 1.80% 20255 | 481 | 490 | |
| Hyundai Capital America 2.375% 20275 | 387 | 400 | |
| McDonald’s Corp. 3.70% 2026 | 135 | 151 | |
| McDonald’s Corp. 3.50% 2027 | 185 | 206 | |
| NIKE, Inc. 2.375% 2026 | 615 | 658 | |
| Toyota Motor Credit Corp. 0.45% 2024 | 1,675 | 1,675 | |
| Toyota Motor Credit Corp. 3.00% 2025 | 1,240 | 1,338 | |
| Toyota Motor Credit Corp. 0.80% 2026 | 890 | 885 | |
| 19,971 | |||
| Industrials 2.61% | |||
| Avolon Holdings Funding, Ltd. 3.625% 20225 | 587 | 599 | |
| Avolon Holdings Funding, Ltd. 3.95% 20245 | 743 | 794 | |
| Avolon Holdings Funding, Ltd. 4.375% 20265 | 925 | 1,018 | |
| Boeing Company 5.04% 2027 | 1,021 | 1,181 | |
| Boeing Company 3.25% 2028 | 1,095 | 1,167 | |
| Emerson Electric Co. 1.80% 2027 | 383 | 396 | |
| General Dynamics Corp. 1.15% 2026 | 1,000 | 1,013 | |
| General Electric Co. 3.45% 2027 | 1,000 | 1,110 | |
| Honeywell International, Inc. 2.15% 2022 | 1,160 | 1,181 | |
| Honeywell International, Inc. 2.30% 2024 | 878 | 924 | |
| Masco Corp. 1.50% 2028 | 782 | 776 | |
| Otis Worldwide Corp. 2.056% 2025 | 740 | 770 | |
| Raytheon Technologies Corp. 2.80% 2022 | 375 | 380 | |
| Raytheon Technologies Corp. 3.20% 2024 | 275 | 293 | |
| Siemens AG 0.40% 20235 | 1,140 | 1,143 | |
| Siemens AG 0.65% 20245 | 1,425 | 1,431 | |
| Siemens AG 1.20% 20265 | 808 | 815 | |
| Union Pacific Corp. 3.75% 2025 | 230 | 256 | |
| Union Pacific Corp. 2.15% 2027 | 793 | 830 | |
| United Technologies Corp. 3.65% 2023 | 27 | 29 | |
| Vinci SA 3.75% 20295 | 200 | 229 | |
| 16,335 | |||
Capital Group Core Bond Fund — Page 69 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care 2.19% | Principal amount (000) | Value (000) | |
| Abbott Laboratories 3.40% 2023 | $98 | $105 | |
| Abbott Laboratories 3.75% 2026 | 292 | 333 | |
| AbbVie, Inc. 2.30% 2022 | 1,054 | 1,081 | |
| Aetna, Inc. 2.80% 2023 | 55 | 57 | |
| AmerisourceBergen Corp. 0.737% 2023 | 853 | 855 | |
| Amgen, Inc. 2.20% 2027 | 740 | 779 | |
| AstraZeneca Finance LLC 0.70% 2024 | 1,486 | 1,489 | |
| AstraZeneca Finance LLC 1.20% 2026 | 600 | 605 | |
| AstraZeneca Finance LLC 1.75% 2028 | 444 | 452 | |
| AstraZeneca PLC 3.375% 2025 | 445 | 491 | |
| Bayer US Finance II LLC 3.875% 20235 | 400 | 428 | |
| Becton, Dickinson and Company 3.734% 2024 | 61 | 66 | |
| Boston Scientific Corp. 3.45% 2024 | 675 | 722 | |
| Cigna Corp. 3.75% 2023 | 99 | 105 | |
| CVS Health Corp. 1.30% 2027 | 1,384 | 1,376 | |
| CVS Health Corp. 4.30% 2028 | 282 | 327 | |
| GlaxoSmithKline PLC 3.375% 2023 | 750 | 791 | |
| Novartis Capital Corp. 1.75% 2025 | 1,006 | 1,042 | |
| Novartis Capital Corp. 2.00% 2027 | 275 | 288 | |
| Pfizer, Inc. 2.95% 2024 | 485 | 516 | |
| Shire PLC 2.875% 2023 | 120 | 125 | |
| Shire PLC 3.20% 2026 | 300 | 327 | |
| UnitedHealth Group, Inc. 1.15% 2026 | 495 | 500 | |
| UnitedHealth Group, Inc. 2.30% 2031 | 348 | 362 | |
| Zimmer Holdings, Inc. 3.15% 2022 | 485 | 492 | |
| 13,714 | |||
| Information technology 2.13% | |||
| Adobe, Inc. 1.90% 2025 | 647 | 675 | |
| Apple, Inc. 1.125% 2025 | 645 | 654 | |
| Apple, Inc. 0.70% 2026 | 1,135 | 1,130 | |
| Apple, Inc. 1.20% 2028 | 1,418 | 1,409 | |
| Apple, Inc. 1.25% 2030 | 1,470 | 1,428 | |
| Broadcom Corp. / Broadcom Cayman Finance, Ltd. 3.875% 2027 | 185 | 205 | |
| Broadcom, Inc. 1.95% 20285 | 123 | 124 | |
| Broadcom, Ltd. 3.625% 2024 | 270 | 288 | |
| Fidelity National Information Services, Inc. 1.15% 2026 | 1,283 | 1,286 | |
| Fidelity National Information Services, Inc. 1.65% 2028 | 129 | 130 | |
| Fiserv, Inc. 3.20% 2026 | 670 | 729 | |
| Fiserv, Inc. 2.25% 2027 | 777 | 814 | |
| Fortinet, Inc. 1.00% 2026 | 696 | 695 | |
| Intuit, Inc. 0.95% 2025 | 255 | 257 | |
| Intuit, Inc. 1.35% 2027 | 235 | 238 | |
| Microsoft Corp. 2.40% 2026 | 1,951 | 2,090 | |
| Oracle Corp. 2.30% 2028 | 668 | 694 | |
| PayPal Holdings, Inc. 1.65% 2025 | 481 | 495 | |
| 13,341 | |||
| Communication services 2.04% | |||
| Alphabet, Inc. 0.80% 2027 | 490 | 481 | |
| Alphabet, Inc. 1.10% 2030 | 1,605 | 1,540 | |
| Alphabet, Inc. 2.05% 2050 | 440 | 400 | |
| AT&T, Inc. 2.30% 2027 | 996 | 1,044 | |
| AT&T, Inc. 1.65% 2028 | 1,065 | 1,067 | |
Capital Group Core Bond Fund — Page 70 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) | |
| CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 | $165 | $187 | |
| CCO Holdings LLC and CCO Holdings Capital Corp. 2.80% 2031 | 502 | 521 | |
| Comcast Corp. 3.95% 2025 | 539 | 605 | |
| Comcast Corp. 1.95% 2031 | 704 | 707 | |
| SBA Tower Trust 1.631% 20265 | 983 | 996 | |
| T-Mobile US, Inc. 3.75% 2027 | 1,119 | 1,250 | |
| Verizon Communications, Inc. 0.85% 2025 | 2,210 | 2,199 | |
| Verizon Communications, Inc. 3.00% 2027 | 450 | 489 | |
| Verizon Communications, Inc. 2.10% 2028 | 1,250 | 1,286 | |
| 12,772 | |||
| Consumer staples 1.99% | |||
| 7-Eleven, Inc. 0.95% 20265 | 250 | 248 | |
| 7-Eleven, Inc. 1.30% 20285 | 175 | 171 | |
| Altria Group, Inc. 2.35% 2025 | 156 | 163 | |
| Altria Group, Inc. 4.40% 2026 | 117 | 133 | |
| Altria Group, Inc. 3.40% 2030 | 89 | 96 | |
| British American Tobacco PLC 3.462% 2029 | 1,850 | 1,984 | |
| Coca-Cola Company 1.00% 2028 | 1,625 | 1,602 | |
| Constellation Brands, Inc. 3.20% 2023 | 386 | 402 | |
| Constellation Brands, Inc. 2.875% 2030 | 239 | 254 | |
| Costco Wholesale Corp. 2.30% 2022 | 285 | 289 | |
| Keurig Dr Pepper, Inc. 4.057% 2023 | 251 | 267 | |
| Keurig Dr Pepper, Inc. 3.20% 2030 | 500 | 551 | |
| Kimberly-Clark Corp. 1.05% 2027 | 185 | 184 | |
| Kimberly-Clark Corp. 3.10% 2030 | 116 | 130 | |
| Molson Coors Brewing Co. 3.00% 2026 | 245 | 265 | |
| Nestlé Holdings, Inc. 1.00% 20275 | 1,640 | 1,618 | |
| PepsiCo, Inc. 1.40% 2031 | 546 | 538 | |
| Philip Morris International, Inc. 1.50% 2025 | 274 | 281 | |
| Philip Morris International, Inc. 0.875% 2026 | 566 | 562 | |
| Procter & Gamble Company 0.55% 2025 | 1,513 | 1,505 | |
| Procter & Gamble Company 1.00% 2026 | 654 | 662 | |
| Procter & Gamble Company 3.00% 2030 | 495 | 553 | |
| 12,458 | |||
| Energy 1.88% | |||
| Boardwalk Pipeline Partners LP 4.95% 2024 | 460 | 514 | |
| BP Capital Markets PLC 4.234% 2028 | 437 | 510 | |
| Canadian Natural Resources, Ltd. 2.05% 2025 | 996 | 1,028 | |
| ConocoPhillips 4.30% 20285 | 80 | 94 | |
| Enbridge Energy Partners LP 5.875% 2025 | 230 | 273 | |
| Energy Transfer Operating LP 3.75% 2030 | 1,645 | 1,796 | |
| Energy Transfer Partners LP 4.20% 2023 | 155 | 166 | |
| Energy Transfer Partners LP 4.50% 2024 | 90 | 98 | |
| EOG Resources, Inc. 4.375% 2030 | 501 | 601 | |
| Equinor ASA 3.625% 2028 | 165 | 188 | |
| Exxon Mobil Corp. 2.019% 2024 | 127 | 133 | |
| Exxon Mobil Corp. 2.44% 2029 | 183 | 193 | |
| Kinder Morgan, Inc. 3.15% 2023 | 495 | 513 | |
| MPLX LP 3.375% 2023 | 75 | 78 | |
| MPLX LP 4.00% 2028 | 350 | 393 | |
| ONEOK, Inc. 4.55% 2028 | 638 | 736 | |
| ONEOK, Inc. 6.35% 2031 | 469 | 611 | |
Capital Group Core Bond Fund — Page 71 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) | |
| Phillips 66 4.30% 2022 | $290 | $298 | |
| Phillips 66 3.85% 2025 | 1,253 | 1,380 | |
| Pioneer Natural Resources Company 1.125% 2026 | 238 | 237 | |
| SA Global Sukuk, Ltd. 1.602% 20265 | 1,255 | 1,257 | |
| Saudi Arabian Oil Co. 1.625% 20255 | 200 | 202 | |
| Schlumberger BV 4.00% 20255 | 165 | 184 | |
| Williams Companies, Inc. 3.50% 2030 | 293 | 324 | |
| 11,807 | |||
| Utilities 1.83% | |||
| Ameren Corp. 2.50% 2024 | 373 | 393 | |
| Connecticut Light and Power Co. 0.75% 2025 | 1,150 | 1,144 | |
| Connecticut Light and Power Co. 3.20% 2027 | 1,025 | 1,139 | |
| Duke Energy Progress, LLC 3.375% 2023 | 786 | 833 | |
| Duke Energy Progress, LLC 3.70% 2028 | 200 | 228 | |
| Eversource Energy 2.75% 2022 | 750 | 760 | |
| FirstEnergy Transmission LLC 2.866% 20285 | 425 | 449 | |
| Florida Power & Light Company 2.85% 2025 | 225 | 242 | |
| NextEra Energy Capital Holdings, Inc. 2.25% 2030 | 1,276 | 1,313 | |
| Pacific Gas and Electric Co. 3.45% 2025 | 150 | 157 | |
| Pacific Gas and Electric Co. 3.75% 2028 | 150 | 157 | |
| Pacific Gas and Electric Co. 2.50% 2031 | 175 | 165 | |
| Pacific Gas and Electric Co. 3.30% 2040 | 50 | 45 | |
| Southern California Edison Co. 3.70% 2025 | 1,000 | 1,095 | |
| Southern California Edison Co. 2.85% 2029 | 1,000 | 1,057 | |
| Tampa Electric Co. 2.60% 2022 | 350 | 357 | |
| Virginia Electric and Power Co. 3.10% 2025 | 1,040 | 1,120 | |
| Xcel Energy, Inc. 3.35% 2026 | 749 | 823 | |
| 11,477 | |||
| Real estate 1.25% | |||
| Alexandria Real Estate Equities, Inc. 3.95% 2028 | 60 | 69 | |
| Alexandria Real Estate Equities, Inc. 1.875% 2033 | 596 | 578 | |
| American Campus Communities, Inc. 3.75% 2023 | 300 | 314 | |
| American Campus Communities, Inc. 4.125% 2024 | 415 | 452 | |
| American Tower Corp. 1.60% 2026 | 717 | 728 | |
| Corporate Office Properties LP 2.75% 2031 | 294 | 301 | |
| Equinix, Inc. 1.25% 2025 | 305 | 307 | |
| Equinix, Inc. 1.45% 2026 | 1,317 | 1,325 | |
| Equinix, Inc. 2.90% 2026 | 929 | 1,003 | |
| Equinix, Inc. 1.80% 2027 | 326 | 333 | |
| Equinix, Inc. 2.00% 2028 | 433 | 443 | |
| ERP Operating LP 4.625% 2021 | 215 | 216 | |
| Essex Portfolio LP 3.50% 2025 | 490 | 530 | |
| Gaming and Leisure Properties, Inc. 3.35% 2024 | 242 | 257 | |
| Kimco Realty Corp. 3.40% 2022 | 35 | 36 | |
| Public Storage 0.875% 2026 | 134 | 134 | |
| Public Storage 1.85% 2028 | 553 | 567 | |
| Scentre Group 3.50% 20255 | 250 | 270 | |
| 7,863 | |||
Capital Group Core Bond Fund — Page 72 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials 0.86% | Principal amount (000) | Value (000) | |
| Air Products and Chemicals, Inc. 1.50% 2025 | $757 | $779 | |
| Air Products and Chemicals, Inc. 1.85% 2027 | 155 | 161 | |
| Dow Chemical Co. 3.625% 2026 | 250 | 278 | |
| Dow Chemical Co. 2.10% 2030 | 1,000 | 1,013 | |
| DowDuPont, Inc. 4.205% 2023 | 560 | 604 | |
| DowDuPont, Inc. 4.493% 2025 | 515 | 586 | |
| LYB International Finance III, LLC 1.25% 2025 | 833 | 839 | |
| LYB International Finance III, LLC 2.25% 2030 | 496 | 505 | |
| Vale Overseas, Ltd. 3.75% 2030 | 587 | 629 | |
| 5,394 | |||
| Total corporate bonds, notes & loans | 162,730 | ||
| Mortgage-backed obligations 13.10% Federal agency mortgage-backed obligations 9.46% | |||
| Fannie Mae Pool #889995 5.50% 20386 | 171 | 200 | |
| Fannie Mae Pool #MA4333 2.00% 20416 | 951 | 977 | |
| Fannie Mae Pool #MA4387 2.00% 20416 | 869 | 896 | |
| Fannie Mae Pool #MA4364 2.00% 20416 | 275 | 281 | |
| Fannie Mae Pool #AI5236 5.00% 20416 | 331 | 374 | |
| Fannie Mae Pool #AI8806 5.00% 20416 | 55 | 62 | |
| Fannie Mae, Series 2007-33, Class HE, 5.50% 20376 | 4 | 4 | |
| Fannie Mae, Series 2018-M5, Class A2, Multi Family, 3.56% 20216,7 | 8 | 8 | |
| Fannie Mae, Series 2012-M13, Class A2, Multi Family, 2.377% 20226 | 130 | 132 | |
| Fannie Mae, Series 2015-M4, Class AV2, Multi Family, 2.509% 20226,7 | 232 | 233 | |
| Fannie Mae, Series 2012-M2, Class A2, Multi Family, 2.717% 20226 | 68 | 68 | |
| Fannie Mae, Series 2016-M2, Class AV2, Multi Family, 2.152% 20236 | 377 | 384 | |
| Fannie Mae, Series 2016-M3, Class ASQ2, Multi Family, 2.263% 20236 | 44 | 45 | |
| Fannie Mae, Series 2013-M12, Class APT, Multi Family, 2.409% 20236,7 | 332 | 341 | |
| Fannie Mae, Series 2017-M3, Class AV2, Multi Family, 2.522% 20246,7 | 306 | 318 | |
| Fannie Mae, Series 2017-M10, Class AV2, Multi Family, 2.553% 20246,7 | 404 | 424 | |
| Fannie Mae, Series 2017-M15, Class AV2, Multi Family, 2.621% 20246,7 | 365 | 386 | |
| Fannie Mae, Series 2015-M8, Class A1, Multi Family, 2.344% 20256 | 40 | 40 | |
| Fannie Mae, Series 2015-M15, Class A1, Multi Family, 2.623% 20256 | 93 | 95 | |
| Fannie Mae, Series 2016-M9, Class A1, Multi Family, 2.003% 20266 | 62 | 64 | |
| Fannie Mae, Series 2016-M5, Class A1, Multi Family, 2.073% 20266 | 351 | 364 | |
| Fannie Mae, Series 2016-M11, Class A1, Multi Family, 2.08% 20266 | 524 | 542 | |
| Fannie Mae, Series 2016-M12, Class A1, Multi Family, 2.132% 20266 | 221 | 229 | |
| Fannie Mae, Series 2016-M6, Class A1, Multi Family, 2.137% 20266 | 243 | 251 | |
| Fannie Mae, Series 2016-M4, Class A1, Multi Family, 2.187% 20266 | 239 | 248 | |
| Fannie Mae, Series 2017-M3, Class A1, Multi Family, 2.476% 20266,7 | 39 | 39 | |
| Fannie Mae, Series 2017-M7, Class A1, Multi Family, 2.595% 20266 | 254 | 264 | |
| Fannie Mae, Series 2017-M8, Class A1, Multi Family, 2.654% 20276 | 264 | 273 | |
| Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 20276,7 | 461 | 504 | |
| Fannie Mae, Series 2017-M15, Class ATS1, Multi Family, 2.987% 20275,6 | 40 | 41 | |
| Freddie Mac Pool #RB5118 2.00% 20416 | 2,952 | 3,044 | |
| Freddie Mac, Series 3272, Class PA, 6.00% 20376 | 11 | 14 | |
| Freddie Mac, Series K020, Class A2, Multi Family, 2.373% 20226 | 248 | 252 | |
| Freddie Mac, Series K718, Class A2, Multi Family, 2.791% 20226 | 1,226 | 1,235 | |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 20566,7 | 421 | 442 | |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 20566,7 | 303 | 318 | |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 20566 | 302 | 317 | |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 20576,7 | 171 | 185 | |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 20576 | 369 | 408 | |
Capital Group Core Bond Fund — Page 73 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) | |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 20576 | $183 | $202 | |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 20586 | 1,538 | 1,629 | |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 20596 | 1,519 | 1,596 | |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 20286 | 1,607 | 1,680 | |
| Government National Mortgage Assn. 2.00% 20516,8 | 1,855 | 1,900 | |
| Government National Mortgage Assn. 2.00% 20516,8 | 1,038 | 1,062 | |
| Government National Mortgage Assn. Pool #694836 5.661% 20596 | 2 | 3 | |
| Government National Mortgage Assn. Pool #776095 5.176% 20646 | 1 | 1 | |
| Government National Mortgage Assn. Pool #AA7554 6.64% 20646 | 20 | 20 | |
| Government National Mortgage Assn., Series 2012-H20, Class PT, 0.906% 20626,7 | 280 | 280 | |
| Uniform Mortgage-Backed Security 1.50% 20366,8 | 5,800 | 5,902 | |
| Uniform Mortgage-Backed Security 2.00% 20366,8 | 10,115 | 10,498 | |
| Uniform Mortgage-Backed Security 2.00% 20516,8 | 3,411 | 3,465 | |
| Uniform Mortgage-Backed Security 2.00% 20516,8 | 905 | 921 | |
| Uniform Mortgage-Backed Security 2.50% 20516,8 | 8,837 | 9,168 | |
| Uniform Mortgage-Backed Security 2.50% 20516,8 | 6,453 | 6,708 | |
| 59,337 | |||
| Collateralized mortgage-backed obligations (privately originated) 2.74% | |||
| Bellemeade Re, Ltd., Series 2019-3A, Class M1A, 1.189% 20295,6,7 | 112 | 112 | |
| Cascade Funding Mortgage Trust, Series 2020-HB4, Class A, 0.946% 20305,6,7 | 237 | 237 | |
| Cascade Funding Mortgage Trust, Series 2021-HB6, Class A, 0.898% 20365,6,7 | 1,309 | 1,311 | |
| Credit Suisse Mortgage Trust, Series 2017-RPL3, Class A1, 2.00% 20605,6,7 | 370 | 378 | |
| Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.00% 20695,6 | 775 | 851 | |
| Legacy Mortgage Asset Trust, Series 2019-GS5, Class A1, 3.20% 20595,6,7 | 588 | 591 | |
| Legacy Mortgage Asset Trust, Series 2019-GS7, Class A1, 3.25% 20595,6,7 | 873 | 879 | |
| Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 20595,6,7 | 588 | 589 | |
| Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 0.839% 20525,6,7 | 1,000 | 1,002 | |
| Mello Warehouse Securitization Trust, Series 2019-2, Class B, (1-month USD-LIBOR + 0.95%) 1.039% 20525,6,7 | 276 | 276 | |
| Mello Warehouse Securitization Trust, Series 2020-2, Class A, (1-month USD-LIBOR + 0.80%) 0.889% 20535,6,7 | 777 | 777 | |
| Mello Warehouse Securitization Trust, Series 2020-1, Class A, (1-month USD-LIBOR + 0.90%) 0.989% 20535,6,7 | 719 | 721 | |
| MRA Issuance Trust, Series 2020-10, Class A, (1-month USD-LIBOR + 1.70%) 1.786% 20225,6,7 | 1,305 | 1,305 | |
| NewRez Warehouse Securitization Trust, Series 2021-1, Class A, (1-month USD-LIBOR + 0.75%) 0.839% 20555,6,7 | 5,557 | 5,559 | |
| Progress Residential Trust, Series 2018-SFR3, Class A, 3.88% 20355,6 | 498 | 504 | |
| RMF Proprietary Issuance Trust, Series 2019-1, Class A, 2.75% 20635,6,7 | 402 | 403 | |
| Station Place Securitization Trust, Series 2021-WL2, Class A, (1-month USD-LIBOR + 0.70%) 0.789% 20545,6,7 | 1,000 | 1,001 | |
| TIF Funding II LLC, Series 2021-1A, Class A, 1.65% 20465,6 | 672 | 671 | |
| 17,167 | |||
| Commercial mortgage-backed securities 0.90% | |||
| BX Trust, Series 2021-SOAR, Class A, (1-month USD-LIBOR + 0.67%) 0.763% 20385,6,7 | 870 | 872 | |
| BX Trust, Series 2021-SOAR, Class B, (1-month USD-LIBOR + 0.87%) 0.963% 20385,6,7 | 327 | 328 | |
| BX Trust, Series 2021-SOAR, Class C, (1-month USD-LIBOR + 1.10%) 1.193% 20385,6,7 | 221 | 222 | |
| Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD-LIBOR + 1.08%) 1.155% 20385,6,7 | 262 | 264 | |
| Extended Stay America Trust, Series 2021-ESH, Class B, (1-month USD-LIBOR + 1.38%) 1.455% 20385,6,7 | 192 | 193 | |
| Hawaii Hotel Trust, Series 2019-MAUI, Class A, (1-month USD-LIBOR + 1.15%) 1.243% 20385,6,7 | 1,500 | 1,506 | |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2021-410T, Class A, 2.287% 20425,6 | 461 | 478 | |
Capital Group Core Bond Fund — Page 74 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Commercial mortgage-backed securities (continued) | Principal amount (000) | Value (000) | |
| Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 20395,6 | $1,262 | $1,310 | |
| MHC Commercial Mortgage Trust, CMO, Series 2021-MHC, Class A, (1-month USD-LIBOR + 0.801%) 0.951% 20265,6,7 | 460 | 462 | |
| 5,635 | |||
| Total mortgage-backed obligations | 82,139 | ||
| Asset-backed obligations 10.00% | |||
| Aesop Funding LLC, Series 2019-2A, Class A, 3.35% 20255,6 | 750 | 807 | |
| Aesop Funding LLC, Series 2020-2, Class A, 2.02% 20275,6 | 539 | 558 | |
| Aesop Funding LLC, Series 2020-2A, Class B, 2.96% 20275,6 | 138 | 147 | |
| Affirm Asset Securitization Trust, Series 2021-A, Class A, 0.88% 20255,6 | 462 | 463 | |
| Affirm Asset Securitization Trust, Series 2020-A, Class A, 2.10% 20255,6 | 473 | 476 | |
| Affirm Asset Securitization Trust, Series 2021-B, Class A, 1.03% 20265,6 | 1,136 | 1,139 | |
| Allegro CLO, Ltd., Series 2016-1A, Class AR2, (3-month USD-LIBOR + 0.95%) 1.076% 20305,6,7 | 815 | 815 | |
| Allegro CLO, Ltd., Series 2017-1A, Class AR, (3-month USD-LIBOR + 0.95%) 1.076% 20305,6,7 | 492 | 492 | |
| ARES CLO, Ltd., Series 2017-42A, Class AR, (3-month USD-LIBOR + 0.92%) 1.058% 20285,6,7 | 1,053 | 1,053 | |
| Ballyrock, Ltd., Series 2019-2A, Class A1AR, (3-month USD-LIBOR + 1.00%) 1.155% 20305,6,7 | 1,095 | 1,095 | |
| Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 20335,6 | 122 | 122 | |
| CarMaxAuto Owner Trust, Series 2020-1, Class A2, 1.87% 20236 | 120 | 120 | |
| CarMaxAuto Owner Trust, Series 2019-2, Class A3, 2.68% 20246 | 528 | 537 | |
| CarMaxAuto Owner Trust, Series 2019-2, Class A4, 2.77% 20246 | 805 | 834 | |
| CarMaxAuto Owner Trust, Series 2019-2, Class B, 3.01% 20246 | 775 | 807 | |
| CarMaxAuto Owner Trust, Series 2019-2, Class C, 3.16% 20256 | 1,150 | 1,198 | |
| Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 20415,6 | 250 | 252 | |
| Cent CLO LP, Series 2014-21A, Class AR, (3-month USD-LIBOR + 0.97%) 1.099% 20305,6,7 | 1,557 | 1,557 | |
| CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20605,6 | 1,037 | 1,061 | |
| CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20605,6 | 170 | 174 | |
| CF Hippolyta LLC, Series 2020-1, Class B1, 2.28% 20605,6 | 271 | 278 | |
| CF Hippolyta LLC, Series 2020-1, Class B2, 2.60% 20605,6 | 95 | 98 | |
| CF Hippolyta LLC, Series 2021-1, Class A1, 1.53% 20615,6 | 468 | 476 | |
| CLI Funding V LLC, Series 2020-1A, Class A, 2.08% 20455,6 | 440 | 446 | |
| CLI Funding V LLC, Series 2021-1A, Class A, 1.64% 20465,6 | 568 | 569 | |
| CPS Auto Receivables Trust, Series 2019-B, Class C, 3.35% 20245,6 | 357 | 360 | |
| Drive Auto Receivables Trust, Series 2020-1, Class B, 2.08% 20246 | 1,900 | 1,910 | |
| Drive Auto Receivables Trust, Series 2019-3, Class B, 2.65% 20246 | 120 | 120 | |
| Drive Auto Receivables Trust, Series 2020-1, Class C, 2.36% 20266 | 2,166 | 2,204 | |
| Drivetime Auto Owner Trust, Series 2020-1, Class A, 1.94% 20235,6 | 48 | 48 | |
| Drivetime Auto Owner Trust, Series 2019-2A, Class B, 2.99% 20235,6 | 40 | 40 | |
| Drivetime Auto Owner Trust, Series 2020-1, Class B, 2.16% 20245,6 | 1,000 | 1,009 | |
| Dryden Senior Loan Fund, Series 2017-47A, Class A1R, CLO, (3-month USD-LIBOR + 0.98%) 1.106% 20285,6,7 | 1,643 | 1,643 | |
| EDvestinU Private Education Loan LLC, Series 2021-A, Class A, 1.80% 20455,6 | 93 | 94 | |
| Exeter Automobile Receivables Trust, Series 2019-2A, Class C, 3.30% 20245,6 | 812 | 819 | |
| First Investors Auto Owner Trust, Series 2021-1A, Class A, 0.45% 20265,6 | 358 | 359 | |
| FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 20375,6 | 585 | 588 | |
| Ford Credit Auto Owner Trust, Series 2020-A, Class A3, 1.04% 20246 | 483 | 486 | |
| Ford Credit Auto Owner Trust, Series 2020-1, Class A, 2.04% 20315,6 | 582 | 608 | |
| Ford Credit Auto Owner Trust, Series 2021-1, Class A, 1.37% 20335,6 | 439 | 447 | |
Capital Group Core Bond Fund — Page 75 of 84
unaudited
| Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
| GCI Funding I LLC, Series 2020-1, Class A, 2.82% 20455,6 | $172 | $176 | |
| GCI Funding I LLC, Series 2021-1, Class A, 2.38% 20465,6 | 455 | 461 | |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 20405,6 | 1,389 | 1,409 | |
| Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 20405,6 | 921 | 938 | |
| Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 20415,6 | 1,106 | 1,113 | |
| GM Financial Automobile Leasing Trust, Series 2020-2, Class A2A, 0.71% 20226 | 117 | 117 | |
| GM Financial Automobile Leasing Trust, Series 2020-2, Class A3, 0.80% 20236 | 208 | 209 | |
| GM Financial Automobile Leasing Trust, Series 2019-2, Class A4, 2.72% 20236 | 118 | 118 | |
| Hertz Vehicle Financing LLC, Series 2021-1A, Class A, 1.21% 20255,6 | 1,138 | 1,147 | |
| Hertz Vehicle Financing LLC, Series 2021-1A, Class B, 1.56% 20255,6 | 122 | 123 | |
| Hertz Vehicle Financing LLC, Series 2021-2A, Class A, 1.68% 20275,6 | 1,234 | 1,253 | |
| Hertz Vehicle Financing LLC, Series 2021-2A, Class B, 2.12% 20275,6 | 132 | 134 | |
| Honda Auto Receivables Owner Trust, Series 2019-2, Class A3, 2.52% 20236 | 965 | 977 | |
| Longfellow Place CLO, Ltd., Series 2013-1A, Class AR3, (3-month USD-LIBOR + 1.00%) 1.126% 20295,6,7 | 1,148 | 1,148 | |
| Madison Park Funding, Ltd., CLO, Series 2015-17A, Class AR2, (3-month USD-LIBOR + 1.00%) 1.134% 20305,6,7 | 1,665 | 1,664 | |
| Marathon CLO, Ltd., Series 2017-9A, Class A1AR, (3-month USD-LIBOR + 1.15%) 1.276% 20295,6,7 | 950 | 950 | |
| Mercury Financial, Series 2021-1A, Class A, 1.54% 20265,6 | 1,100 | 1,105 | |
| Mission Lane Credit Card Master Trust, Series 2021-A, Class A, 1.59% 20265,6 | 380 | 381 | |
| Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 20695,6 | 201 | 201 | |
| Navient Student Loan Trust, Series 2021-C, Class A, 1.06% 20695,6 | 876 | 880 | |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 20625,6 | 994 | 999 | |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 20625,6 | 1,869 | 1,883 | |
| Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD-LIBOR + 0.97%) 1.095% 20305,6,7 | 529 | 529 | |
| Nissan Auto Receivables Owner Trust, Series 2019-A, Class A-3, 2.90% 20236 | 260 | 263 | |
| Oportun Funding LLC, Series 2021-B, Class A, 1.47% 20315,6 | 288 | 288 | |
| OSW Structured Asset Trust, Series 2020-RPL1, Class A1, 3.072% 20595,6,7 | 3,159 | 3,184 | |
| Palmer Square Loan Funding, CLO, Series 2020-4, Class A1, (3-month USD-LIBOR + 1.00%) 1.147% 20285,6,7 | 503 | 503 | |
| Palmer Square Loan Funding, CLO, Series 2021-1, Class A1, (3-month USD-LIBOR + 0.90%) 1.034% 20295,6,7 | 220 | 220 | |
| Race Point CLO, Ltd., Series 2015-9A, Class A1A2, (3-month USD-LIBOR + 0.94%) 1.066% 20305,6,7 | 1,390 | 1,390 | |
| Santander Drive Auto Receivables Trust, Series 2019-3, Class B, 2.28% 20236 | 184 | 184 | |
| Santander Drive Auto Receivables Trust, Series 2019-3, Class C, 2.49% 20256 | 934 | 943 | |
| SMB Private Education Loan Trust, Series 2021-A, Class A1, (1-month USD-LIBOR + 0.50%) 0.593% 20535,6,7 | 116 | 116 | |
| SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 20535,6 | 274 | 273 | |
| Sound Point CLO, Ltd., Series 2017-3A, Class A1R, (3-month USD-LIBOR + 0.98%) 1.114% 20305,6,7 | 1,660 | 1,661 | |
| Sound Point CLO, Ltd., Series 2017-2A, Class AR, (3-month USD-LIBOR + 0.98%) 1.114% 20305,6,7 | 970 | 970 | |
| Sound Point CLO, Ltd., Series 2015-1RA, Class AR, (3-month USD-LIBOR + 1.08%) 1.206% 20305,6,7 | 895 | 895 | |
| Textainer Marine Containers, Ltd., Series 2021-1A, Class A, 1.68% 20465,6 | 200 | 200 | |
| Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 20465,6 | 1,176 | 1,203 | |
| Toyota Auto Loan Extended Note Trust, Series 2019-1, Class A, 2.56% 20315,6 | 1,250 | 1,321 | |
| Toyota Auto Loan Extended Note Trust, Series 2020-1, Class A, 1.35% 20335,6 | 445 | 455 | |
| Toyota Auto Receivables Owner Trust, Series 2019-B, Class A3, 2.57% 20236 | 822 | 832 | |
| Triton Container Finance LLC, Series 2020-1A, Class A, 2.11% 20455,6 | 1,190 | 1,211 | |
| Triton Container Finance LLC, Series 2021-1A, Class A, 1.86% 20465,6 | 800 | 804 | |
Capital Group Core Bond Fund — Page 76 of 84
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| Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
| Volkswagen Auto Lease Trust, Series 2019-A, Class A3, 1.99% 20226 | $1,271 | $1,279 | |
| Westlake Automobile Receivables Trust, Series 2019-2A, Class B, 2.62% 20245,6 | 281 | 281 | |
| 62,700 | |||
| Federal agency bonds & notes 2.84% | |||
| Fannie Mae 2.375% 2023 | 2,442 | 2,523 | |
| Fannie Mae 0.875% 2030 | 2,563 | 2,469 | |
| Freddie Mac 0.25% 2023 | 3,439 | 3,445 | |
| Freddie Mac 0.375% 2025 | 9,449 | 9,378 | |
| 17,815 | |||
| Bonds & notes of governments & government agencies outside the U.S. 1.95% | |||
| Asian Development Bank 1.00% 2026 | 568 | 576 | |
| Canada 0.75% 2026 | 2,350 | 2,349 | |
| Denmark (Kingdom of) 0.125% 20225 | 660 | 660 | |
| Denmark (Kingdom of) 0.125% 2022 | 655 | 655 | |
| European Investment Bank 2.25% 2022 | 751 | 761 | |
| KfW 0.375% 2025 | 1,010 | 1,002 | |
| Kommunalbanken 0.50% 20245 | 442 | 443 | |
| Kommuninvest i Sverige Aktiebolag 0.25% 20235 | 905 | 905 | |
| Manitoba (Province of) 3.05% 2024 | 200 | 214 | |
| Morocco (Kingdom of) 3.00% 20325 | 1,000 | 975 | |
| Ontario (Province of) 3.20% 2024 | 500 | 539 | |
| Quebec (Province of) 0.60% 2025 | 1,600 | 1,599 | |
| Saudi Arabia (Kingdom of) 4.00% 20255 | 430 | 475 | |
| Saudi Arabia (Kingdom of) 4.50% 20305 | 445 | 527 | |
| United Mexican States 4.15% 2027 | 460 | 524 | |
| 12,204 | |||
| Municipals 0.65% California 0.04% | |||
| High-Speed Passenger Train G.O. Rev. Ref. Bonds, Series 2017-A, 2.367% 2022 | 250 | 254 | |
| Florida 0.45% | |||
| Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 1.258% 2025 | 1,140 | 1,160 | |
| Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 1.705% 2027 | 805 | 829 | |
| Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 2.154% 2030 | 810 | 840 | |
| 2,829 | |||
| New York 0.16% | |||
| Dormitory Auth., Taxable State Personal Income Tax Rev. Bonds (General Purpose), Series 2021-C, 1.748% 2028 | 965 | 985 | |
| Washington 0.00% | |||
| Energy Northwest, Electric Rev. Bonds (Columbia Generating Station), Series 2015-B, 2.814% 2024 | 20 | 21 | |
| Total municipals | 4,089 | ||
| Total bonds, notes & other debt instruments (cost: $575,324,000) | 591,570 | ||
Capital Group Core Bond Fund — Page 77 of 84
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| Short-term securities 11.45% Money market investments 11.45% | Shares | Value (000) | |
| Capital Group Central Cash Fund 0.05%9,10 | 717,647 | $71,772 | |
| Total short-term securities (cost: $71,770,000) | 71,772 | ||
| Total investment securities 105.81% (cost: $647,094,000) | 663,342 | ||
| Other assets less liabilities (5.81)% | (36,412) | ||
| Net assets 100.00% | $626,930 | ||
Futures contracts
| Contracts | Type | Number of contracts | Expiration | Notional amount11 (000) | Value at 7/31/202112 (000) | Unrealized appreciation (depreciation) at 7/31/2021 (000) |
| 90 Day Euro Dollar Futures | Long | 468 | December 2022 | $117,000 | $116,532 | $87 |
| 2 Year U.S. Treasury Note Futures | Long | 216 | September 2021 | 43,200 | 47,662 | (8) |
| 5 Year U.S. Treasury Note Futures | Long | 227 | September 2021 | 22,700 | 28,249 | 138 |
| 10 Year U.S. Treasury Note Futures | Short | 62 | September 2021 | (6,200) | (8,336) | (151) |
| 10 Year Ultra U.S. Treasury Note Futures | Short | 344 | September 2021 | (34,400) | (51,686) | (1,855) |
| 20 Year U.S. Treasury Bond Futures | Long | 20 | September 2021 | 2,000 | 3,294 | 163 |
| 30 Year Ultra U.S. Treasury Bond Futures | Short | 37 | September 2021 | (3,700) | (7,383) | (535) |
| $(2,161) |
Swap contracts
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
| Receive | Pay/ Payment frequency | Expiration date | Notional (000) | Value at 7/31/2021 (000) | Upfront premium received (000) | Unrealized depreciation at 7/31/2021 (000) |
| CDX.NA.IG.36 | 1.00%/Quarterly | 6/20/2026 | $25,000 | $(602) | $(541) | $(61) |
Investments in affiliates10
| Value of affiliate at 11/1/2020 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliate at 7/31/2021 (000) | Dividend income (000) | |
| Short-term securities 11.45% | |||||||
| Money market investments 11.45% | |||||||
| Capital Group Central Cash Fund 0.05%9 | $79,218 | $126,506 | $133,952 | $(1) | $1 | $71,772 | $51 |
Capital Group Core Bond Fund — Page 78 of 84
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| 1 | Amount less than one thousand. |
| 2 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $1,349,000, which represented .22% of the net assets of the fund. |
| 3 | Index-linked bond whose principal amount moves with a government price index. |
| 4 | Step bond; coupon rate may change at a later date. |
| 5 | Acquired in a transaction exempt from registration under Rule 144A 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 $98,380,000, which represented 15.69% of the net assets of the fund. |
| 6 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
| 7 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
| 8 | Purchased on a TBA basis. |
| 9 | Rate represents the seven-day yield at 7/31/2021. |
| 10 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
| 11 | Notional amount is calculated based on the number of contracts and notional contract size. |
| 12 | Value is calculated based on the notional amount and current market price. |
| Key to abbreviations and symbol | |
| Auth. = Authority | |
| CLO = Collateralized Loan Obligations | |
| Fin. = Finance | |
| G.O. = General Obligation | |
| LIBOR = London Interbank Offered Rate | |
| Ref. = Refunding | |
| Rev. = Revenue | |
| SOFR = Secured Overnight Financing Rate | |
| TBA = To-be-announced | |
| USD/$ = U.S. dollars |
Capital Group Core Bond Fund — Page 79 of 84
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Valuation
Capital Research and Management Company ("CRMC"), the funds’ investment adviser, values each fund’s investments at fair value as defined by accounting principles generally accepted in the United State of America. The net asset value per share of each fund is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.
Methods and inputs — The funds’ investment adviser uses the following methods and inputs to establish the fair value of each fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the funds are authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
| Fixed-income class | Examples of standard inputs |
| All | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) |
| Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| Mortgage-backed; asset-backed obligations | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information |
| Municipal securities | Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts |
When the funds’ investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type. Some securities may be valued based on their effective maturity or average life, which may be shorter than the stated maturity.
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the funds’ investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information. Exchange-traded futures are generally valued at the official settlement price of the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. The average month-end notional amount of futures contracts while held by Capital Group Core Municipal Fund, Capital Group Short-Term Municipal Fund, Capital Group California Core Municipal Fund, Capital Group California Short-Term Municipal Fund and Capital Group Core Bond Fund was $25,410,000, $4,918,000, $19,073,000, $5,420,000 and $232,350,000, respectively. Interest rate swaps and credit default swaps are generally valued by pricing vendors based on market inputs that include the index and term of index, reset frequency, payer/receiver, currency and pay frequency. The average month-end notional amount of interest rate swaps and credit default swaps while held by Capital Group Core Bond Fund was $49,067,000 and $25,000,000, respectively.
Private Client Services Funds — Page 80 of 84
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Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the funds’ investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of the funds’ board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each of the funds is determined. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The funds’ board of trustees has delegated authority to the funds’ investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees. The funds’ board and audit committee also regularly review reports that describe fair value determinations and methods.
The funds’ investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group.
Classifications — The funds’ investment adviser classifies each fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The funds’ valuation levels as of July 31, 2021 are as follows (dollars in thousands):
Capital Group Core Municipal Fund
| Investment securities | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Bonds, notes & other debt instruments: | ||||
| Municipals | $— | $661,165 | $— | $661,165 |
| Short-term securities | — | 120,457 | — | 120,457 |
| Total | $— | $781,622 | $— | $781,622 |
| Other investments* | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Unrealized appreciation on futures contracts | $75 | $— | $— | $75 |
| Liabilities: | ||||
| Unrealized depreciation on futures contracts | (380) | — | — | (380) |
| Total | $(305) | $— | $— | $(305) |
| * | Futures contracts are not included in the fund’s investment portfolio. |
Private Client Services Funds — Page 81 of 84
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Capital Group Short-Term Municipal Fund
| Investment securities | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Bonds, notes & other debt instruments: | ||||
| Municipals | $— | $169,913 | $— | $169,913 |
| Short-term securities | — | 24,708 | — | 24,708 |
| Total | $— | $194,621 | $— | $194,621 |
| Other investments* | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Unrealized appreciation on futures contracts | $7 | $— | $— | $7 |
| Liabilities: | ||||
| Unrealized depreciation on futures contracts | (61) | — | — | (61) |
| Total | $(54) | $— | $— | $(54) |
| * | Futures contracts are not included in the fund’s investment portfolio. |
Capital Group California Core Municipal Fund
| Investment securities | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Bonds, notes & other debt instruments: | ||||
| Municipals | $— | $596,569 | $— | $596,569 |
| Short-term securities | — | 83,091 | — | 83,091 |
| Total | $— | $679,660 | $— | $679,660 |
| Other investments* | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Unrealized appreciation on futures contracts | $20 | $— | $— | $20 |
| Liabilities: | ||||
| Unrealized depreciation on futures contracts | (677) | — | — | (677) |
| Total | $(657) | $— | $— | $(657) |
| * | Futures contracts are not included in the fund’s investment portfolio. |
Private Client Services Funds — Page 82 of 84
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Capital Group California Short-Term Municipal Fund
| Investment securities | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Bonds, notes & other debt instruments: | ||||
| Municipals | $— | $170,737 | $— | $170,737 |
| Short-term securities | — | 17,449 | — | 17,449 |
| Total | $— | $188,186 | $— | $188,186 |
| Other investments* | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Unrealized appreciation on futures contracts | $3 | $— | $— | $3 |
| Liabilities: | ||||
| Unrealized depreciation on futures contracts | (97) | — | — | (97) |
| Total | $(94) | $— | $— | $(94) |
| * | Futures contracts are not included in the fund’s investment portfolio. |
Capital Group Core Bond Fund
| Investment securities | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Bonds, notes & other debt instruments: | ||||
| U.S. Treasury bonds & notes | $— | $249,893 | $— | $249,893 |
| Corporate bonds, notes & loans | — | 162,730 | — | 162,730 |
| Mortgage-backed obligations | — | 82,139 | — | 82,139 |
| Asset-backed obligations | — | 62,700 | — | 62,700 |
| Federal agency bonds & notes | — | 17,815 | — | 17,815 |
| Bonds & notes of governments & government agencies outside the U.S. | — | 12,204 | — | 12,204 |
| Municipals | — | 4,089 | — | 4,089 |
| Short-term securities | 71,772 | — | — | 71,772 |
| Total | $71,772 | $591,570 | $— | $663,342 |
| Other investments* | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Unrealized appreciation on futures contracts | $388 | $— | $— | $388 |
| Liabilities: | ||||
| Unrealized depreciation on futures contracts | (2,549) | — | — | (2,549) |
| Unrealized depreciation on credit default swaps | — | (61) | — | (61) |
| Total | $(2,161) | $(61) | $— | $(2,222) |
| * | Futures contracts and credit default swaps are not included in the fund’s investment portfolio. |
Private Client Services Funds — Page 83 of 84
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Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Capital Private Client Services Funds. This and other important information is contained in the prospectus, which can be obtained from your investment counselor and should be read carefully before investing.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc., member FINRA.
© 2021 Capital Group. All rights reserved.
| MFGEFP3-380-0921O-S85306 | Private Client Services Funds — Page 84 of 84 |