Capital Group Short Duration Income ETF
Investment portfolio
September 30, 2023
unaudited
Bonds, notes & other debt instruments 99.15% Corporate bonds, notes & loans 49.02% Financials 20.29% | Principal amount (000) | Value (000) | |
AerCap Ireland Capital DAC 1.75% 10/29/2024 | USD995 | $949 | |
AerCap Ireland Capital DAC 5.75% 6/6/2028 | 150 | 147 | |
AIB Group PLC 6.608% 9/13/2029 (USD-SOFR + 2.33% on 9/13/2028)1,2 | 200 | 199 | |
Allstate Corp. (The) 0.75% 12/15/2025 | 550 | 495 | |
American Express Co. 3.375% 5/3/2024 | 360 | 355 | |
American Express Co. 2.50% 7/30/2024 | 300 | 292 | |
American Express Co. 2.25% 3/4/2025 | 825 | 784 | |
American Express Co. 4.90% 2/13/2026 | 140 | 137 | |
American International Group, Inc. 2.50% 6/30/2025 | 710 | 670 | |
Aon Global, Ltd. 3.875% 12/15/2025 | 672 | 647 | |
Australia and New Zealand Banking Group, Ltd. 5.088% 12/8/2025 | 850 | 842 | |
Bank of America Corp. 1.319% 10/24/2024 (USD-SOFR + 0.74% on 10/24/2023)2 | 620 | 618 | |
Bank of America Corp. 0.976% 4/22/2025 (USD-SOFR + 0.69% on 4/22/2024)2 | 457 | 443 | |
Bank of America Corp. 0.981% 9/25/2025 (USD-SOFR + 0.91% on 9/25/2024)2 | 3,905 | 3,700 | |
Bank of America Corp. 1.319% 6/19/2026 (USD-SOFR + 1.15% on 6/19/2025)2 | 600 | 550 | |
Bank of America Corp. 5.08% 1/20/2027 (USD-SOFR + 1.29% on 1/20/2026)2 | 300 | 293 | |
Bank of America Corp. 4.948% 7/22/2028 (USD-SOFR + 2.04% on 7/22/2027)2 | 350 | 336 | |
Bank of America Corp. 5.202% 4/25/2029 (USD-SOFR + 1.63% on 4/25/2028)2 | 650 | 626 | |
Bank of New York Mellon Corp. 4.414% 7/24/2026 (USD-SOFR + 1.345% on 7/24/2025)2 | 105 | 102 | |
Bank of Nova Scotia (The) 4.75% 2/2/2026 | 300 | 293 | |
Barclays PLC 6.49% 9/13/2029 (USD-SOFR + 2.22% on 9/13/2028)2 | 600 | 595 | |
BNP Paribas SA 3.375% 1/9/20251 | 355 | 343 | |
BPCE 1.625% 1/14/20251 | 400 | 379 | |
CaixaBank, SA 6.684% 9/13/2027 (USD-SOFR + 2.08% on 9/13/2026)1,2 | 400 | 400 | |
Capital One Financial Corp. 3.75% 4/24/2024 | 5 | 5 | |
Capital One Financial Corp. 3.20% 2/5/2025 | 470 | 451 | |
Capital One Financial Corp. 4.25% 4/30/2025 | 375 | 363 | |
Charles Schwab Corp. 5.875% 8/24/2026 | 225 | 224 | |
Charles Schwab Corp. 5.643% 5/19/2029 (USD-SOFR + 2.21% on 5/19/2028)2 | 115 | 113 | |
Citibank, NA 5.803% 9/29/2028 | 1,500 | 1,501 | |
Citigroup, Inc. 3.30% 4/27/2025 | 235 | 226 | |
Citigroup, Inc. 0.981% 5/1/2025 (USD-SOFR + 0.669% on 5/1/2024)2 | 2,850 | 2,759 | |
Citigroup, Inc. 1.281% 11/3/2025 (USD-SOFR + 0.528% on 11/3/2024)2 | 300 | 283 | |
Corebridge Financial, Inc. 3.50% 4/4/2025 | 638 | 612 | |
Deutsche Bank AG 7.146% 7/13/2027 (USD-SOFR + 2.52% on 7/13/2026)2 | 150 | 151 | |
Fifth Third Bancorp 6.339% 7/27/2029 (USD-SOFR + 2.34% on 7/27/2028)2 | 95 | 94 | |
Global Payments, Inc. 1.50% 11/15/2024 | 100 | 95 | |
Global Payments, Inc. 2.65% 2/15/2025 | 715 | 681 | |
Goldman Sachs Group, Inc. 5.70% 11/1/2024 | 1,865 | 1,859 | |
Goldman Sachs Group, Inc. 3.50% 4/1/2025 | 1,795 | 1,729 | |
HSBC Holdings PLC 5.887% 8/14/2027 (USD-SOFR + 1.57% on 8/14/2026)2 | 500 | 494 | |
HSBC Holdings PLC 6.161% 3/9/2029 (USD-SOFR + 1.97% on 3/9/2028)2 | 200 | 198 | |
HSBC USA, Inc. 5.625% 3/17/2025 | 884 | 879 | |
ING Groep NV 6.083% 9/11/2027 (USD-SOFR + 1.56% on 9/11/2026)2 | 300 | 299 | |
Intercontinental Exchange, Inc. 3.65% 5/23/2025 | 420 | 405 |
Capital Group Short Duration Income ETF — Page 1 of 15
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) | |
Intercontinental Exchange, Inc. 4.00% 9/15/2027 | USD125 | $118 | |
JPMorgan Chase & Co. 0.824% 6/1/2025 (USD-SOFR + 0.54% on 6/1/2024)2 | 2,100 | 2,022 | |
JPMorgan Chase & Co. 1.561% 12/10/2025 (USD-SOFR + 0.605% on 12/10/2024)2 | 3,095 | 2,926 | |
JPMorgan Chase & Co. 5.546% 12/15/2025 (USD-SOFR + 1.07% on 12/15/2024)2 | 1,760 | 1,748 | |
JPMorgan Chase & Co. 5.299% 7/24/2029 (USD-SOFR + 1.45% on 7/24/2028)2 | 250 | 243 | |
Lloyds Banking Group PLC 3.87% 7/9/2025 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.50% on 7/9/2024)2 | 400 | 392 | |
Lloyds Banking Group PLC 5.985% 8/7/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.48% on 8/7/2026)2 | 400 | 397 | |
Marsh & McLennan Companies, Inc. 3.875% 3/15/2024 | 1,298 | 1,286 | |
Metropolitan Life Global Funding I 3.60% 1/11/20241 | 240 | 239 | |
Metropolitan Life Global Funding I 5.00% 1/6/20261 | 345 | 341 | |
Morgan Stanley 0.79% 5/30/2025 (USD-SOFR + 0.525% on 5/30/2024)2 | 1,500 | 1,441 | |
Morgan Stanley 1.164% 10/21/2025 (USD-SOFR + 0.56% on 10/21/2024)2 | 2,970 | 2,805 | |
Morgan Stanley 4.754% 4/21/2026 | 350 | 342 | |
Morgan Stanley 5.164% 4/20/2029 (USD-SOFR + 1.59% on 4/20/2028)2 | 125 | 120 | |
Morgan Stanley 5.449% 7/20/2029 (USD-SOFR + 1.63% on 7/20/2028)2 | 475 | 463 | |
Morgan Stanley, Series F, 3.875% 4/29/2024 | 75 | 74 | |
Nasdaq, Inc. 5.65% 6/28/2025 | 675 | 673 | |
New York Life Global Funding 0.95% 6/24/20251 | 550 | 507 | |
Northwestern Mutual Life Insurance Co. (The). 4.90% 6/12/20281 | 150 | 146 | |
PNC Financial Services Group, Inc. 5.671% 10/28/2025 (USD-SOFR + 1.09% on 10/28/2024)2 | 788 | 782 | |
PNC Financial Services Group, Inc. 4.758% 1/26/2027 (USD-SOFR + 1.085% on 1/26/2026)2 | 650 | 632 | |
PNC Financial Services Group, Inc. 5.582% 6/12/2029 (USD-SOFR + 1.841% on 6/12/2028)2 | 108 | 105 | |
PRICOA Global Funding I 1.15% 12/6/20241 | 1,088 | 1,030 | |
Royal Bank of Canada 5.66% 10/25/2024 | 310 | 309 | |
Royal Bank of Canada 4.95% 4/25/2025 | 300 | 296 | |
Royal Bank of Canada 4.875% 1/12/2026 | 530 | 520 | |
State Street Corp. 5.82% 11/4/2028 (USD-SOFR + 1.715% on 11/4/2027)2 | 7 | 7 | |
Sumitomo Mitsui Financial Group, Inc. 5.716% 9/14/2028 | 250 | 247 | |
Swedbank AB 6.136% 9/12/20261 | 400 | 399 | |
Toronto-Dominion Bank 0.55% 3/4/2024 | 250 | 244 | |
Toronto-Dominion Bank 0.75% 9/11/2025 | 875 | 797 | |
Toronto-Dominion Bank 5.103% 1/9/2026 | 375 | 370 | |
Toronto-Dominion Bank 5.523% 7/17/2028 | 450 | 444 | |
Truist Financial Corp. 6.047% 6/8/2027 (USD-SOFR + 2.05% on 6/8/2026)2 | 600 | 594 | |
U.S. Bancorp 1.45% 5/12/2025 | 1,133 | 1,057 | |
U.S. Bancorp 5.775% 6/12/2029 (USD-SOFR + 2.02% on 6/12/2028)2 | 350 | 341 | |
UBS Group AG 6.246% 9/22/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on 9/22/2028)1,2 | 250 | 248 | |
Wells Fargo & Co. 0.805% 5/19/2025 (USD-SOFR + 0.51% on 5/19/2024)2 | 430 | 415 | |
Wells Fargo & Co. 2.406% 10/30/2025 (3-month USD CME Term SOFR + 1.087% on 10/30/2024)2 | 1,260 | 1,208 | |
Wells Fargo & Co. 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027)2 | 150 | 143 | |
Wells Fargo & Co. 5.574% 7/25/2029 (USD-SOFR + 1.74% on 7/25/2028)2 | 550 | 537 | |
Wells Fargo Bank, N.A. 5.45% 8/7/2026 | 550 | 547 | |
Westpac Banking Corp. 3.735% 8/26/2025 | 305 | 295 | |
Willis North America, Inc. 3.60% 5/15/2024 | 914 | 900 | |
56,366 | |||
Health care 5.22% | |||
AbbVie, Inc. 2.60% 11/21/2024 | 1,630 | 1,572 | |
Amgen, Inc. 3.625% 5/22/2024 | 65 | 64 | |
Amgen, Inc. 1.90% 2/21/2025 | 670 | 638 | |
Amgen, Inc. 5.507% 3/2/2026 | 885 | 880 |
Capital Group Short Duration Income ETF — Page 2 of 15
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) | |
Amgen, Inc. 5.15% 3/2/2028 | USD562 | $553 | |
AstraZeneca Finance, LLC 0.70% 5/28/2024 | 70 | 68 | |
Baxter International, Inc. 1.322% 11/29/2024 | 2,502 | 2,369 | |
Becton, Dickinson and Co. 3.363% 6/6/2024 | 290 | 285 | |
Becton, Dickinson and Co. 3.734% 12/15/2024 | 295 | 288 | |
Boston Scientific Corp. 3.45% 3/1/2024 | 240 | 238 | |
Boston Scientific Corp. 1.90% 6/1/2025 | 250 | 235 | |
Cencora, Inc. 3.25% 3/1/2025 | 410 | 396 | |
CVS Health Corp. 2.625% 8/15/2024 | 350 | 340 | |
CVS Health Corp. 5.00% 2/20/2026 | 300 | 295 | |
CVS Health Corp. 5.00% 1/30/2029 | 210 | 203 | |
DH Europe Finance II SARL 2.20% 11/15/2024 | 30 | 29 | |
Elevance Health, Inc. 3.35% 12/1/2024 | 245 | 238 | |
Elevance Health, Inc. 2.375% 1/15/2025 | 540 | 516 | |
GE HealthCare Technologies, Inc. 5.55% 11/15/2024 | 380 | 378 | |
Gilead Sciences, Inc. 3.70% 4/1/2024 | 310 | 307 | |
HCA, Inc. 5.375% 2/1/2025 | 1,460 | 1,445 | |
HCA, Inc. 5.20% 6/1/2028 | 120 | 116 | |
Humana, Inc. 3.85% 10/1/2024 | 1,080 | 1,058 | |
Laboratory Corporation of America Holdings 3.60% 2/1/2025 | 730 | 707 | |
Novartis Capital Corp. 3.40% 5/6/2024 | 55 | 54 | |
Pfizer Investment Enterprises Pte., Ltd. 4.45% 5/19/2026 | 400 | 391 | |
Thermo Fisher Scientific, Inc. 1.215% 10/18/2024 | 400 | 382 | |
UnitedHealth Group, Inc. 5.15% 10/15/2025 | 370 | 369 | |
UnitedHealth Group, Inc. 5.25% 2/15/2028 | 75 | 75 | |
14,489 | |||
Utilities 4.97% | |||
Alabama Power Co. 3.55% 12/1/2023 | 65 | 65 | |
CenterPoint Energy Houston Electric, LLC 2.40% 9/1/2026 | 65 | 60 | |
CenterPoint Energy Houston Electric, LLC 5.20% 10/1/2028 | 250 | 248 | |
CenterPoint Energy, Inc. 5.25% 8/10/2026 | 425 | 420 | |
Consumers Energy Co. 4.90% 2/15/2029 | 300 | 293 | |
DTE Electric Co. 3.65% 3/15/2024 | 470 | 465 | |
Duke Energy Corp. 5.00% 12/8/2025 | 330 | 325 | |
Edison International 4.70% 8/15/2025 | 1,420 | 1,383 | |
Edison International 5.25% 11/15/2028 | 250 | 241 | |
Entergy Louisiana, LLC 0.95% 10/1/2024 | 1,230 | 1,173 | |
Florida Power & Light Co. 3.25% 6/1/2024 | 125 | 123 | |
Florida Power & Light Co. 3.125% 12/1/2025 | 240 | 229 | |
Florida Power & Light Co. 4.45% 5/15/2026 | 200 | 196 | |
Florida Power & Light Co. 5.05% 4/1/2028 | 200 | 198 | |
Georgia Power Co. 4.65% 5/16/2028 | 400 | 386 | |
Jersey Central Power & Light Co. 4.70% 4/1/20241 | 835 | 827 | |
Jersey Central Power & Light Co. 4.30% 1/15/20261 | 682 | 658 | |
NiSource, Inc. 0.95% 8/15/2025 | 240 | 219 | |
Oncor Electric Delivery Co., LLC 2.75% 6/1/2024 | 855 | 838 | |
Pacific Gas and Electric Co. 3.75% 2/15/2024 | 220 | 218 | |
Pacific Gas and Electric Co. 3.45% 7/1/2025 | 2,275 | 2,159 | |
Pacific Gas and Electric Co. 6.10% 1/15/2029 | 232 | 227 | |
Public Service Electric and Gas Co. 3.00% 5/15/2025 | 340 | 327 | |
Southern California Edison Co. 4.20% 6/1/2025 | 615 | 599 | |
Southern California Edison Co. 4.90% 6/1/2026 | 150 | 147 | |
Southern California Edison Co. 5.85% 11/1/2027 | 105 | 106 |
Capital Group Short Duration Income ETF — Page 3 of 15
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) | |
Southern California Edison Co. 5.30% 3/1/2028 | USD200 | $197 | |
Southwestern Public Service Co. 3.30% 6/15/2024 | 130 | 128 | |
Virginia Electric & Power 3.45% 2/15/2024 | 20 | 20 | |
Virginia Electric & Power 3.10% 5/15/2025 | 530 | 508 | |
WEC Energy Group, Inc. 4.75% 1/9/2026 | 525 | 514 | |
WEC Energy Group, Inc. 5.60% 9/12/2026 | 325 | 325 | |
13,822 | |||
Communication services 3.45% | |||
AT&T, Inc. 0.90% 3/25/2024 | 1,480 | 1,445 | |
Charter Communications Operating, LLC 4.50% 2/1/2024 | 620 | 617 | |
Charter Communications Operating, LLC 4.908% 7/23/2025 | 2,305 | 2,253 | |
Comcast Corp. 5.25% 11/7/2025 | 210 | 209 | |
Netflix, Inc. 5.875% 2/15/2025 | 1,265 | 1,263 | |
T-Mobile USA, Inc. 3.50% 4/15/2025 | 1,370 | 1,322 | |
T-Mobile USA, Inc. 4.80% 7/15/2028 | 175 | 168 | |
Verizon Communications, Inc. 3.50% 11/1/2024 | 195 | 190 | |
Verizon Communications, Inc. 3.376% 2/15/2025 | 572 | 554 | |
WarnerMedia Holdings, Inc. 3.528% 3/15/2024 | 1,195 | 1,179 | |
WarnerMedia Holdings, Inc. 3.788% 3/15/2025 | 390 | 377 | |
9,577 | |||
Industrials 3.19% | |||
Boeing Co. 2.80% 3/1/2024 | 125 | 123 | |
Boeing Co. 4.875% 5/1/2025 | 1,615 | 1,588 | |
Boeing Co. 2.196% 2/4/2026 | 1,185 | 1,088 | |
Burlington Northern Santa Fe, LLC 3.40% 9/1/2024 | 225 | 220 | |
Canadian Pacific Railway Co. 1.35% 12/2/2024 | 865 | 820 | |
Carrier Global Corp. 2.242% 2/15/2025 | 685 | 651 | |
CSX Corp. 3.40% 8/1/2024 | 585 | 574 | |
Eaton Corp. 6.50% 6/1/2025 | 65 | 66 | |
General Dynamics Corp. 3.25% 4/1/2025 | 235 | 227 | |
Ingersoll-Rand, Inc. 5.40% 8/14/2028 | 260 | 256 | |
L3Harris Technologies, Inc. 5.40% 1/15/2027 | 350 | 347 | |
Lockheed Martin Corp. 4.95% 10/15/2025 | 440 | 437 | |
Norfolk Southern Corp. 3.85% 1/15/2024 | 440 | 437 | |
Northrop Grumman Corp. 2.93% 1/15/2025 | 665 | 642 | |
RTX Corp. 3.95% 8/16/2025 | 990 | 959 | |
Union Pacific Corp. 3.646% 2/15/2024 | 95 | 94 | |
Union Pacific Corp. 3.25% 1/15/2025 | 350 | 340 | |
8,869 | |||
Consumer staples 3.10% | |||
7-Eleven, Inc. 0.80% 2/10/20241 | 395 | 388 | |
Altria Group, Inc. 2.35% 5/6/2025 | 50 | 47 | |
Anheuser-Busch Companies, LLC 3.65% 2/1/2026 | 825 | 793 | |
BAT Capital Corp. 3.222% 8/15/2024 | 1,140 | 1,112 | |
BAT International Finance PLC 5.931% 2/2/2029 | 300 | 295 | |
Conagra Brands, Inc. 4.30% 5/1/2024 | 1,430 | 1,415 | |
Constellation Brands, Inc. 5.00% 2/2/2026 | 300 | 295 | |
Constellation Brands, Inc. 4.35% 5/9/2027 | 290 | 278 | |
Mondelez International, Inc. 1.50% 5/4/2025 | 500 | 468 | |
Philip Morris International, Inc. 2.875% 5/1/2024 | 40 | 39 | |
Philip Morris International, Inc. 5.125% 11/15/2024 | 370 | 367 |
Capital Group Short Duration Income ETF — Page 4 of 15
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples (continued) | Principal amount (000) | Value (000) | |
Philip Morris International, Inc. 1.50% 5/1/2025 | USD160 | $150 | |
Philip Morris International, Inc. 5.00% 11/17/2025 | 915 | 904 | |
Philip Morris International, Inc. 4.875% 2/13/2026 | 850 | 836 | |
Philip Morris International, Inc. 5.125% 11/17/2027 | 88 | 86 | |
Philip Morris International, Inc. 5.25% 9/7/2028 | 250 | 245 | |
Reynolds American, Inc. 4.45% 6/12/2025 | 910 | 885 | |
8,603 | |||
Energy 2.36% | |||
Baker Hughes Holdings, LLC 1.231% 12/15/2023 | 50 | 50 | |
Canadian Natural Resources, Ltd. 3.80% 4/15/2024 | 530 | 523 | |
Canadian Natural Resources, Ltd. 2.05% 7/15/2025 | 65 | 61 | |
Chevron Corp. 2.895% 3/3/2024 | 45 | 44 | |
Chevron USA, Inc. 0.687% 8/12/2025 | 400 | 368 | |
Columbia Pipelines Holding Co., LLC 6.042% 8/15/20281 | 350 | 348 | |
ConocoPhillips Co. 2.125% 3/8/2024 | 200 | 197 | |
Continental Resources, Inc. 3.80% 6/1/2024 | 70 | 69 | |
Energy Transfer, LP 5.875% 1/15/2024 | 125 | 125 | |
Energy Transfer, LP 3.90% 5/15/2024 | 945 | 933 | |
Enterprise Products Operating, LLC 5.05% 1/10/2026 | 120 | 119 | |
EQT Corp. 6.125% 2/1/20252 | 632 | 630 | |
Exxon Mobil Corp. 2.002% 8/16/2024 | 130 | 126 | |
Exxon Mobil Corp. 2.992% 3/19/2025 | 485 | 468 | |
MPLX, LP 4.875% 12/1/2024 | 375 | 370 | |
ONEOK, Inc. 2.75% 9/1/2024 | 165 | 160 | |
ONEOK, Inc. 5.55% 11/1/2026 | 480 | 477 | |
ONEOK, Inc. 5.65% 11/1/2028 | 620 | 612 | |
Shell International Finance BV 3.25% 5/11/2025 | 515 | 498 | |
TotalEnergies Capital International SA 3.75% 4/10/2024 | 45 | 45 | |
TotalEnergies Capital International SA 2.434% 1/10/2025 | 75 | 72 | |
Williams Companies, Inc. 5.30% 8/15/2028 | 275 | 269 | |
6,564 | |||
Consumer discretionary 2.22% | |||
American Honda Finance Corp. 4.60% 4/17/2025 | 300 | 295 | |
Ford Motor Credit Co., LLC 5.125% 6/16/2025 | 1,225 | 1,187 | |
Ford Motor Credit Co., LLC 6.95% 6/10/2026 | 675 | 675 | |
General Motors Financial Co., Inc. 1.20% 10/15/2024 | 900 | 856 | |
General Motors Financial Co., Inc. 2.75% 6/20/2025 | 60 | 56 | |
General Motors Financial Co., Inc. 5.40% 4/6/2026 | 300 | 294 | |
Hyundai Capital America 1.80% 10/15/20251 | 165 | 152 | |
Hyundai Capital America 5.50% 3/30/20261 | 150 | 148 | |
Hyundai Capital America 6.10% 9/21/20281 | 275 | 273 | |
Lowe’s Companies, Inc. 4.40% 9/8/2025 | 165 | 161 | |
Marriott International, Inc. 3.60% 4/15/2024 | 770 | 761 | |
Marriott International, Inc. 5.75% 5/1/2025 | 225 | 225 | |
Marriott International, Inc. 5.55% 10/15/2028 | 250 | 247 | |
Mercedes-Benz Finance North America, LLC 5.50% 11/27/20241 | 150 | 150 | |
Toyota Motor Credit Corp. 0.50% 6/18/2024 | 725 | 699 | |
6,179 |
Capital Group Short Duration Income ETF — Page 5 of 15
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Information technology 1.78% | Principal amount (000) | Value (000) | |
Adobe, Inc. 1.90% 2/1/2025 | USD165 | $158 | |
Analog Devices, Inc. 2.95% 4/1/2025 | 295 | 284 | |
Apple, Inc. 0.55% 8/20/2025 | 495 | 454 | |
Broadcom Corp. 3.625% 1/15/2024 | 155 | 154 | |
Broadcom Corp. 3.125% 1/15/2025 | 245 | 236 | |
Broadcom, Inc. 3.625% 10/15/2024 | 212 | 207 | |
Broadcom, Inc. 3.15% 11/15/2025 | 660 | 624 | |
Hewlett Packard Enterprise Co. 5.90% 10/1/2024 | 914 | 914 | |
Microsoft Corp. 2.70% 2/12/2025 | 350 | 338 | |
Oracle Corp. 3.40% 7/8/2024 | 615 | 604 | |
Oracle Corp. 2.50% 4/1/2025 | 1,020 | 971 | |
4,944 | |||
Materials 1.23% | |||
Anglo American Capital PLC 3.625% 9/11/20241 | 720 | 703 | |
BHP Billiton Finance (USA), Ltd. 4.875% 2/27/2026 | 250 | 247 | |
BHP Billiton Finance (USA), Ltd. 5.10% 9/8/2028 | 250 | 245 | |
Celanese US Holdings, LLC 6.35% 11/15/2028 | 436 | 431 | |
Dow Chemical Co. (The) 4.55% 11/30/2025 | 65 | 63 | |
EIDP, Inc. 4.50% 5/15/2026 | 196 | 191 | |
Glencore Funding, LLC 1.625% 4/27/20261 | 65 | 59 | |
International Flavors & Fragrances, Inc. 1.23% 10/1/20251 | 795 | 713 | |
LYB International Finance III, LLC 1.25% 10/1/2025 | 220 | 200 | |
Nutrien, Ltd. 5.95% 11/7/2025 | 29 | 29 | |
Nutrien, Ltd. 4.90% 3/27/2028 | 189 | 183 | |
Sherwin-Williams Co. 4.05% 8/8/2024 | 370 | 364 | |
3,428 | |||
Real estate 1.21% | |||
Corporate Office Properties, LP 2.25% 3/15/2026 | 65 | 59 | |
Equinix, Inc. 2.625% 11/18/2024 | 885 | 852 | |
Equinix, Inc. 1.00% 9/15/2025 | 739 | 672 | |
Prologis, LP 4.875% 6/15/2028 | 246 | 240 | |
Public Storage Operating Co. 0.875% 2/15/2026 | 95 | 85 | |
Scentre Group Trust 1 3.50% 2/12/20251 | 640 | 617 | |
VICI Properties, LP 4.625% 6/15/20251 | 855 | 826 | |
3,351 | |||
Total corporate bonds, notes & loans | 136,192 | ||
Mortgage-backed obligations 31.44% Federal agency mortgage-backed obligations 11.15% | |||
Fannie Mae Pool #MA4919 5.50% 2/1/20533 | 269 | 261 | |
Fannie Mae Pool #MA5010 5.50% 5/1/20533 | 46 | 44 | |
Fannie Mae Pool #MA5072 5.50% 7/1/20533 | 343 | 332 | |
Freddie Mac Pool #SD8331 5.50% 6/1/20533 | 657 | 635 | |
Freddie Mac Pool #SD8342 5.50% 6/1/20533 | 369 | 357 | |
Uniform Mortgage-Backed Security 6.00% 10/1/20533,4 | 15,500 | 15,298 | |
Uniform Mortgage-Backed Security 6.50% 10/1/20533,4 | 14,000 | 14,064 | |
30,991 |
Capital Group Short Duration Income ETF — Page 6 of 15
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Collateralized mortgage-backed obligations (privately originated) 10.37% | Principal amount (000) | Value (000) | |
Arroyo Mortgage Trust, Series 2019-1, Class A1, 3.805% 1/25/20491,3 | USD107 | $99 | |
Arroyo Mortgage Trust, Series 2019-2, Class A3, 3.80% 4/25/20491,3 | 456 | 420 | |
Arroyo Mortgage Trust, Series 2022-1, Class A1A, 2.495% 12/25/2056 (3.495% on 2/25/2026)1,2,3 | 355 | 322 | |
BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/20591,3 | 100 | 94 | |
Cascade Funding Mortgage Trust, Series 2023-HB12, Class A, 4.25% 7/25/20261,3 | 841 | 809 | |
CIM Trust, Series 2018-R3, Class A1, 5.00% 12/25/20571,3 | 85 | 83 | |
COLT Funding, LLC, Series 2023-1, Class A1, 6.048% 4/25/2068 (7.048% on 4/1/2027)1,2,3 | 1,300 | 1,291 | |
Connecticut Avenue Securities Trust, Series 2014-C01, Class M2, (30-day Average USD-SOFR + 4.514%) 9.829% 1/25/20243 | 1,589 | 1,604 | |
Connecticut Avenue Securities Trust, Series 2014-C02A, Class 1M2, (30-day Average USD-SOFR + 2.714%) 8.029% 5/25/20243 | 1,569 | 1,581 | |
Connecticut Avenue Securities Trust, Series 2014-C04, Class 1M2, (30-day Average USD-SOFR + 5.014%) 10.329% 11/25/20243 | 175 | 181 | |
Connecticut Avenue Securities Trust, Series 2015-C01, Class 1M2, (30-day Average USD-SOFR + 4.414%) 9.729% 2/25/20253 | 609 | 627 | |
Connecticut Avenue Securities Trust, Series 2016-C02, Class 1M2, (30-day Average USD-SOFR + 6.114%) 11.429% 9/25/20283 | 137 | 144 | |
Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) 7.715% 12/25/20421,3 | 1,429 | 1,454 | |
Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) 7.215% 6/25/20431,3 | 506 | 508 | |
Connecticut Avenue Securities Trust, Series 2023-R06, Class 1M1, (30-day Average USD-SOFR + 1.70%) 7.015% 7/25/20431,3 | 555 | 555 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA1, Class M3, (30-day Average USD-SOFR + 3.414%) 8.729% 10/25/20273 | 67 | 68 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M3, (30-day Average USD-SOFR + 4.814%) 10.129% 4/25/20283 | 79 | 83 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA1, Class M3, (30-day Average USD-SOFR + 5.664%) 10.979% 7/25/20283 | 234 | 249 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M3, (30-day Average USD-SOFR + 5.114%) 10.429% 12/25/20283 | 180 | 192 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA4, Class M1A, (30-day Average USD-SOFR + 2.20%) 7.515% 5/25/20421,3 | 206 | 208 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A, (30-day Average USD-SOFR + 2.95%) 8.265% 6/25/20421,3 | 780 | 800 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class M2, (30-day Average USD-SOFR + 1.814%) 7.129% 1/25/20501,3 | 376 | 376 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class M2, (30-day Average USD-SOFR + 1.964%) 7.279% 2/25/20501,3 | 198 | 199 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA3, Class B1, (30-day Average USD-SOFR + 5.214%) 10.529% 6/27/20501,3 | 350 | 380 | |
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class M2, (30-day Average USD-SOFR + 2.80%) 7.909% 10/25/20501,3 | 174 | 175 | |
Imperial Fund Mortgage Trust, Series 2022-NQM7, Class A1, 7.369% 11/25/2067 (8.369% on 11/1/2026)1,2,3 | 591 | 596 | |
Imperial Fund Mortgage Trust, Series 2023-NQM1, Class A1, 5.941% 2/25/2068 (6.941% on 1/1/2027)1,2,3 | 1,956 | 1,927 | |
Legacy Mortgage Asset Trust, Series 2020-GS3, Class A1, 6.25% 5/25/2060 (7.25% on 4/25/2024)1,2,3 | 1,140 | 1,132 | |
Mill City Mortgage Trust, Series 2019-GS2, Class A1, 2.75% 8/25/20591,3 | 370 | 345 | |
Mill City Mortgage Trust, Series 2019-1, Class A1, 3.25% 10/25/20691,3 | 167 | 158 | |
New Residential Mortgage Loan Trust, Series 2019-RPL3, Class A1, 2.75% 7/25/20591,3 | 767 | 712 | |
New Residential Mortgage Loan Trust, Series 2020-RPL1, Class A1, 2.75% 11/25/20591,3 | 277 | 255 | |
NewRez Warehouse Securitization Trust, Series 2021-1, Class B, (1-month USD CME Term SOFR + 1.014%) 6.334% 5/25/20551,3 | 1,300 | 1,295 | |
Onslow Bay Financial Mortgage Loan Trust, Series 2022-NQM9, Class A1A, 6.45% 9/25/2062 (7.45% on 11/1/2026)1,2,3 | 915 | 911 |
Capital Group Short Duration Income ETF — Page 7 of 15
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Collateralized mortgage-backed obligations (privately originated) (continued) | Principal amount (000) | Value (000) | |
Onslow Bay Financial Mortgage Loan Trust, Series 2023-NQM1, Class A1, 6.12% 11/25/2062 (7.12% on 12/1/2026)1,2,3 | USD608 | $604 | |
Onslow Bay Financial Mortgage Loan Trust, Series 2023-NQM4, Class A1, 6.113% 3/25/2063 (7.113% on 5/1/2027)1,2,3 | 688 | 685 | |
Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/20391,3 | 497 | 450 | |
Towd Point Mortgage Trust, Series 2015-4, Class M2, 3.75% 4/25/20551,3 | 119 | 116 | |
Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/20551,3 | 450 | 427 | |
Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75% 10/25/20561,3 | 57 | 56 | |
Towd Point Mortgage Trust, Series 2017-1, Class A2, 3.50% 10/25/20561,3 | 300 | 290 | |
Towd Point Mortgage Trust, Series 2017-2, Class A4, 3.434% 4/25/20571,3 | 715 | 686 | |
Towd Point Mortgage Trust, Series 2017-3, Class A1, 2.75% 7/25/20571,3 | 332 | 325 | |
Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/20571,3 | 566 | 539 | |
Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00% 1/25/20581,3 | 483 | 466 | |
Towd Point Mortgage Trust, Series 2019-1, Class A1, 3.75% 3/25/20581,3 | 537 | 502 | |
Towd Point Mortgage Trust, Series 2019-2, Class A1, 3.75% 12/25/20581,3 | 537 | 501 | |
Towd Point Mortgage Trust, Series 2023-1, Class A1, 3.75% 1/25/20631,3 | 1,199 | 1,102 | |
Tricon Residential Trust, Series 2023-SFR1, Class A, 5.10% 7/17/20401,3 | 372 | 358 | |
Verus Securitization Trust, Series 2023-1, Class A1, 5.85% 12/25/2067 (6.85% on 1/1/2027)1,2,3 | 663 | 655 | |
Verus Securitization Trust, Series 2023-3, Class A1, 5.93% 3/25/2068 (6.93% on 4/1/2027)1,2,3 | 294 | 290 | |
Verus Securitization Trust, Series 2023-5, Class A5, 6.476% 6/25/2068 (7.476% on 6/1/2027)1,2,3 | 916 | 912 | |
28,797 | |||
Commercial mortgage-backed securities 9.92% | |||
Banc of America Commercial Mortgage, Inc., Series 2015-UBS7, Class A4, 3.705% 9/15/20483 | 260 | 246 | |
Bank Commercial Mortgage Trust, Series 2023-5YR1, Class A3, 6.26% 3/15/20563 | 495 | 497 | |
Bank of America Merrill Lynch Large Loan, Inc., Series 2015-200P, Class A, 3.218% 4/14/20331,3 | 1,000 | 933 | |
Barclays Commercial Mortgage Securities, LLC, Series 2018-TALL, Class A, ((1-month USD CME Term SOFR + 0.047%) + 0.872%) 6.251% 3/15/20371,3 | 241 | 223 | |
BMO Mortgage Trust, Series 2023-5C1, Class A3, 6.534% 8/15/20563 | 621 | 631 | |
BOCA Commercial Mortgage Trust, Series 2022-BOCA, Class A, (1-month USD CME Term SOFR + 1.77%) 7.102% 5/15/20391,3 | 500 | 499 | |
BX Commercial Mortgage Trust, Series 2019-XL, Class A, (1-month USD CME Term SOFR + 1.034%) 6.367% 10/15/20361,3 | 124 | 124 | |
BX Trust, Series 2021-VOLT, Class B, (1-month USD CME Term SOFR + 1.064%) 6.397% 9/15/20361,3 | 189 | 183 | |
BX Trust, Series 2021-ACNT, Class A, (1-month USD CME Term SOFR + 0.964%) 6.297% 11/15/20381,3 | 500 | 491 | |
BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 6.322% 2/15/20391,3 | 483 | 472 | |
BX Trust, Series 2022-PSB, Class A, (1-month USD CME Term SOFR + 2.451%) 7.783% 8/15/20391,3 | 178 | 179 | |
BX Trust, Series 2022-PSB, Class C, (1-month USD CME Term SOFR + 3.697%) 9.029% 8/15/20391,3 | 179 | 179 | |
Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 6/10/20281,3 | 361 | 352 | |
Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class A, 6.572% 7/10/20281,3 | 750 | 748 | |
Citigroup Commercial Mortgage Trust, Series 2014-GC23, Class A4, 3.622% 7/10/20473 | 850 | 831 | |
Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class A4, 3.635% 10/10/20473 | 325 | 315 | |
Citigroup Commercial Mortgage Trust, Series 2016-GC37, Class A4, 3.314% 4/10/20493 | 270 | 251 | |
Commercial Mortgage Trust, Series 2015-3BP, Class A, 3.178% 2/10/20351,3 | 500 | 470 | |
Commercial Mortgage Trust, Series 2014-CR15, Class A4, 4.074% 2/10/20473 | 1,095 | 1,087 | |
Commercial Mortgage Trust, Series 2014-CR14, Class AM, 4.526% 2/10/20473 | 749 | 718 | |
Commercial Mortgage Trust, Series 2014-CR16, Class A4, 4.051% 4/10/20473 | 775 | 763 | |
Commercial Mortgage Trust, Series 2014-CR20, Class A4, 3.59% 11/10/20473 | 500 | 484 | |
Commercial Mortgage Trust, Series 2015-PC1, Class A5, 3.902% 7/10/20503 | 445 | 428 | |
DC Commercial Mortgage Trust, Series 2023-DC, Class A, 6.314% 9/10/20401,3 | 490 | 489 | |
FIVE Mortgage Trust, Series 2023-V1, Class A3, 5.668% 2/10/20563 | 1,216 | 1,195 | |
Fontainebleau Miami Beach Trust, CMO, Series 2019-FBLU, Class A, 3.144% 12/10/20361,3 | 500 | 478 | |
GS Mortgage Securities Trust, Series 2018-HULA, Class A, (1-month USD CME Term SOFR + 1.223%) 6.367% 7/15/20251,3 | 457 | 454 |
Capital Group Short Duration Income ETF — Page 8 of 15
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Commercial mortgage-backed securities (continued) | Principal amount (000) | Value (000) | |
GS Mortgage Securities Trust, Series 2014-GC24, Class A5, 3.931% 9/10/20473 | USD1,257 | $1,219 | |
ILPT Commercial Mortgage Pass-through Certificates, Series 2022-LPF2, Class A, (1-month USD CME Term SOFR + 2.245%) 7.577% 10/15/20391,3 | 200 | 200 | |
Intown 2022-Stay Mortgage Trust, Series 2022-STAY, Class A, (1-month USD CME Term SOFR + 2.489%) 7.821% 8/15/20393 | 200 | 201 | |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-C16, Class A4, 4.166% 12/15/20463 | 28 | 28 | |
LUXE Commercial Mortgage Trust, Series 21-TRIP, Class C, (1-month USD CME Term SOFR + 1.864%) 7.20% 10/15/20381,3 | 250 | 245 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A4, 4.02% 8/15/20463 | 44 | 44 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C13, Class A-4, 4.039% 11/15/20463 | 690 | 687 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C17, Class A5, 3.741% 8/15/20473 | 980 | 959 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C18, Class AS, 4.11% 10/15/20473 | 592 | 569 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C21, Class A4, 3.338% 3/15/20483 | 200 | 191 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS, 3.561% 4/15/20483 | 500 | 467 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C24, Class AS, 4.036% 5/15/20483 | 500 | 468 | |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C25, Class A-4, 3.372% 10/15/20483 | 305 | 290 | |
Morgan Stanley Capital I Trust, Series 2015-UBS8, Class AS, 4.114% 12/15/20483 | 550 | 507 | |
SFO Commerical Mortgage Trust, Series 2021-555, Class A, (1-month USD CME Term SOFR + 1.264%) 6.60% 5/15/2038 (1-month USD CME Term SOFR + 1.514% on 5/15/2026)1,2,3 | 1,000 | 911 | |
StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) 6.332% 1/15/20391,3 | 500 | 488 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-C27, Class A5, 3.451% 2/15/20483 | 755 | 721 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class AS, 3.872% 5/15/20483 | 500 | 470 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-C29, Class AS, 4.013% 6/15/20483 | 500 | 473 | |
Wells Fargo Commercial Mortgage Trust, Series 2014-LC16, Class A5, 3.817% 8/15/20503 | 500 | 489 | |
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS-2, Class A-5, 3.767% 7/15/20583 | 715 | 679 | |
Wells Fargo Commercial Mortgage Trust, Series 2016-C33, Class A4, 3.426% 3/15/20593 | 541 | 506 | |
WF-RBS Commercial Mortgage Trust, Series 2014-C19, Class A5, 4.101% 3/15/20473 | 520 | 515 | |
WF-RBS Commercial Mortgage Trust, Series 2014-C19, Class B, 4.723% 3/15/20473 | 615 | 576 | |
WF-RBS Commercial Mortgage Trust, Series 2014-C25, Class A5, 3.631% 11/15/20473 | 852 | 823 | |
WF-RBS Commercial Mortgage Trust, Series 2014-C22, Class A4, 3.488% 9/15/20573 | 665 | 650 | |
WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) 8.121% 11/15/20271,3 | 206 | 206 | |
WSTN Trust, Series 2023-MAUI, Class B, 7.26% 8/5/20271,3 | 173 | 172 | |
WSTN Trust, Series 2023-MAUI, Class C, 7.958% 8/5/20271,3 | 100 | 99 | |
27,573 | |||
Total mortgage-backed obligations | 87,361 | ||
Asset-backed obligations 18.24% | |||
ACHV ABS Trust, Series 2023-1, Class A, 6.42% 3/18/20301,3 | 25 | 25 | |
ACHV ABS Trust, Series 2023-3PL, Class A, 6.60% 8/19/20301,3 | 91 | 91 | |
Affirm Asset Securitization Trust, Series 2023-A, Class A, 6.61% 1/18/20281,3 | 597 | 593 | |
Affirm, Inc., Series 2023-B, Class A, 6.82% 9/15/20281,3 | 457 | 458 | |
AGL CLO, Ltd., Series 2023-24, Class A1, (3-month USD CME Term SOFR + 2.00%) 7.076% 7/25/20361,3 | 464 | 466 | |
American Credit Acceptance Receivables Trust, Series 2022-4, Class A, 6.20% 5/13/20261,3 | 41 | 41 | |
American Money Management Corp., CLO, Series 2016-18, Class AR, (3-month USD CME Term SOFR + 1.362%) 6.753% 5/26/20311,3 | 227 | 226 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/20271,3 | 350 | 320 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class A, 6.12% 4/20/20271,3 | 118 | 118 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class A, 5.20% 10/20/20271,3 | 779 | 761 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-2, Class B, 6.03% 10/20/20271,3 | 290 | 286 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-3A, Class A, 5.44% 2/22/20281,3 | 396 | 389 | |
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class A, 5.78% 4/20/20281,3 | 259 | 257 |
Capital Group Short Duration Income ETF — Page 9 of 15
unaudited
Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
Birch Grove CLO, Ltd., Series 2023-6, Class A1, (3-month USD CME Term SOFR + 2.20%) 7.489% 7/20/20351,3 | USD494 | $494 | |
Carvana Auto Receivables Trust, Series 2023-N3, Class A, 6.41% 9/10/20271,3 | 604 | 605 | |
Carvana Auto Receivables Trust, Series 2023-P3, Class A3, 5.82% 8/10/20281,3 | 206 | 205 | |
CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/20601,3 | 1,349 | 1,227 | |
Chesapeake Funding II, LLC, Series 2023-2, Class A1, 6.16% 10/15/20351,3 | 522 | 522 | |
Citizens Auto Receivables Trust, Series 2023-2, Class A3, 5.83% 2/15/20281,3 | 572 | 572 | |
Citizens Auto Receivables Trust, Series 2023-2, Class A4, 5.74% 10/15/20301,3 | 680 | 681 | |
CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/20451,3 | 420 | 364 | |
CLI Funding VIII, LLC, Series 2022-1, Class A, 2.72% 1/18/20471,3 | 1,150 | 976 | |
CPS Auto Receivables Trust, Series 2023-A, Class A, 5.54% 3/16/20261,3 | 340 | 339 | |
CPS Auto Receivables Trust, Series 2023-A, Class B, 5.47% 11/16/20261,3 | 656 | 649 | |
CPS Auto Receivables Trust, Series 2021-B, Class C, 1.23% 3/15/20271,3 | 249 | 247 | |
CPS Auto Receivables Trust, Series 2023-C, Class B, 5.98% 6/15/20271,3 | 918 | 917 | |
CPS Auto Receivables Trust, Series 2023-A, Class C, 5.54% 4/16/20291,3 | 933 | 914 | |
CPS Auto Receivables Trust, Series 2023-C, Class C, 6.27% 10/15/20291,3 | 465 | 462 | |
DriveTime Auto Owner Trust, Series 2020-3A, Class C, 1.47% 6/15/20261,3 | 194 | 191 | |
DriveTime Auto Owner Trust, Series 2021-1A, Class D, 1.16% 11/16/20261,3 | 920 | 863 | |
DriveTime Auto Owner Trust, Series 2021-2A, Class B, 0.81% 1/15/20271,3 | 11 | 11 | |
DriveTime Auto Owner Trust, Series 2023-1, Class C, 5.55% 10/16/20281,3 | 1,063 | 1,044 | |
Dryden Senior Loan Fund, CLO, Series 2017-47A, Class A1R, (3-month USD CME Term SOFR + 1.242%) 6.55% 4/15/20281,3 | 361 | 360 | |
Dryden Senior Loan Fund, CLO, Series 2015-37, Class AR, (3-month USD CME Term SOFR + 1.362%) 6.67% 1/15/20311,3 | 258 | 258 | |
Dryden Senior Loan Fund, CLO, Series 2018-57, Class A, (3-month USD CME Term SOFR + 1.272%) 6.636% 5/15/20311,3 | 297 | 295 | |
Elmwood CLO 18, Ltd., Series 2022-5, Class AR, (3-month USD CME Term SOFR + 1.65%) 7.015% 7/17/20331,3 | 1,000 | 1,000 | |
Exeter Automobile Receivables Trust, Series 2022-6, Class A2, 5.73% 11/17/20253 | 13 | 13 | |
Exeter Automobile Receivables Trust, Series 2021-2, Class C, 0.98% 6/15/20263 | 336 | 330 | |
Exeter Automobile Receivables Trust, Series 2022-6, Class B, 6.03% 8/16/20273 | 77 | 77 | |
Exeter Automobile Receivables Trust, Series 2023-3, Class B, 6.11% 9/15/20273 | 307 | 306 | |
Exeter Automobile Receivables Trust, Series 2023-4, Class B, 6.31% 10/15/20273 | 797 | 797 | |
Exeter Automobile Receivables Trust, Series 2023-1, Class C, 5.82% 2/15/20283 | 1,000 | 987 | |
Exeter Automobile Receivables Trust, Series 2022-6, Class C, 6.32% 5/15/20283 | 193 | 192 | |
Exeter Automobile Receivables Trust, Series 2023-4, Class C, 6.51% 8/15/20283 | 797 | 798 | |
Exeter Automobile Receivables Trust, Series 2023-1, Class D, 6.69% 6/15/20293 | 240 | 239 | |
First National Master Note Trust, Series 2023-1, Class A, 5.13% 4/16/20293 | 592 | 581 | |
First National Master Note Trust, Series 2023-2, Class A, 5.77% 9/17/20293 | 668 | 668 | |
FirstKey Homes Trust, Series 2022-SFR2, Class A, 4.145% 5/17/20391,3 | 497 | 466 | |
Flagship Credit Auto Trust, Series 2022-4, Class A2, 6.15% 9/15/20261,3 | 136 | 136 | |
Flagship Credit Auto Trust, Series 2023-3, Class A3, 5.44% 4/17/20281,3 | 141 | 140 | |
Flagship Credit Auto Trust, Series 2023-3, Class B, 5.64% 7/16/20291,3 | 399 | 397 | |
Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 11/19/20401,3 | 453 | 403 | |
Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/20411,3 | 1,010 | 877 | |
GLS Auto Receivables Trust, Series 2023-3, Class B, 5.89% 1/18/20281,3 | 1,000 | 997 | |
GLS Auto Receivables Trust, Series 2023-3, Class C, 6.01% 5/15/20291,3 | 151 | 150 | |
GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/20351,3 | 135 | 136 | |
GoldenTree Loan Opportunities XI, Ltd., CLO, Series 2015-11A, Class AR2, (3-month USD CME Term SOFR + 1.332%) 6.641% 1/18/20311,3 | 149 | 149 | |
HalseyPoint CLO II, Ltd., Series 2020-2A, Class A1, (3-month USD CME Term SOFR + 2.122%) 6.688% 7/20/20311,3 | 236 | 235 | |
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class A, 1.21% 12/26/20251,3 | 1,200 | 1,139 | |
Hertz Vehicle Financing III, LLC, Series 2022-1A, Class A, 1.99% 6/25/20261,3 | 350 | 328 | |
Hertz Vehicle Financing III, LLC, Series 2023-1, Class A, 5.49% 6/25/20271,3 | 1,000 | 984 | |
Hertz Vehicle Financing III, LLC, Series 2023-1, Class 1D, 9.13% 6/25/20271,3 | 250 | 249 | |
Hertz Vehicle Financing III, LLC, Series 2022-2, Class D, 5.16% 6/26/20281,3 | 250 | 217 |
Capital Group Short Duration Income ETF — Page 10 of 15
unaudited
Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) | |
Juniper Valley Park CLO, Ltd., Series 2023-1, Class A1, (3-month USD CME Term SOFR + 1.85%) 7.005% 7/20/20351,3 | USD797 | $798 | |
LAD Auto Receivables Trust, Series 2023-1, Class A2, 5.68% 10/15/20261,3 | 658 | 657 | |
LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/20271,3 | 273 | 271 | |
LAD Auto Receivables Trust, Series 2023-3, Class A4, 5.95% 3/15/20281,3 | 318 | 317 | |
LAD Auto Receivables Trust, Series 2023-3, Class B, 6.09% 6/15/20281,3 | 721 | 720 | |
LAD Auto Receivables Trust, Series 2023-3, Class C, 6.43% 12/15/20281,3 | 608 | 606 | |
Madison Park Funding, Ltd., CLO, Series 2021-50A, Class A, (3-month USD CME Term SOFR + 1.402%) 6.722% 4/19/20341,3 | 300 | 298 | |
Neuberger Berman CLO, Ltd., Series 2017-25, Class AR, (3-month USD CME Term SOFR + 1.192%) 6.502% 10/18/20291,3 | 488 | 485 | |
OCP CLO, Ltd., Series 2018-15A, Class A1, (3-month USD CME Term SOFR + 1.362%) 6.688% 7/20/20311,3 | 175 | 175 | |
Palmer Square Loan Funding, CLO, Series 2021-3, Class A1, (3-month USD CME Term SOFR + 1.062%) 6.388% 7/20/20291,3 | 740 | 737 | |
Palmer Square Loan Funding, CLO, Series 2022-4, Class A1, (3-month USD-CME Term SOFR + 1.75%) 7.096% 7/24/20311,3 | 614 | 615 | |
Palmer Square Loan Funding, CLO, Series 2022-4, Class A2, (3-month USD CME Term SOFR + 2.35%) 7.646% 7/24/20311,3 | 889 | 891 | |
Palmer Square, Ltd., Series 2013-2A, Class A1A3, (3-month USD CME Term SOFR + 1.262%) 6.57% 10/17/20311,3 | 250 | 249 | |
PFS Financing Corp., Series 2023-A, Class A, 5.80% 3/15/20281,3 | 2,000 | 1,999 | |
PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/20281,3 | 610 | 602 | |
PPM CLO, Ltd., Series 2022-6, Class A, (3-month USD CME Term SOFR + 2.45%) 7.776% 1/20/20311,3 | 275 | 275 | |
Prestige Auto Receivables Trust, Series 2023-1, Class A2, 5.88% 3/16/20261,3 | 668 | 667 | |
Santander Drive Auto Receivables Trust, Series 2023-1, Class A2, 5.36% 5/15/20263 | 504 | 504 | |
Santander Drive Auto Receivables Trust, Series 2021-2, Class C, 0.90% 6/15/20263 | 71 | 70 | |
Santander Drive Auto Receivables Trust, Series 2020-3, Class D, 1.64% 11/16/20263 | 566 | 554 | |
Santander Drive Auto Receivables Trust, Series 2022-7, Class A3, 5.75% 4/15/20273 | 84 | 84 | |
Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/20283 | 33 | 33 | |
SMB Private Education Loan Trust, Series 2023-C, Class A1B, (30-day Average USD-SOFR + 1.55%) 6.854% 11/15/20521,3 | 285 | 286 | |
Sound Point CLO, Ltd., Series 2017-3A, Class A1R, (3-month USD CME Term SOFR + 1.242%) 6.568% 10/20/20301,3 | 434 | 432 | |
Sound Point CLO, Ltd., Series 2013-3R, Class A, (3-month USD CME Term SOFR + 1.412%) 6.721% 4/18/20311,3 | 300 | 298 | |
Stratus Static CLO, Ltd., Series 2021-2, Class A, (3-month USD CME Term SOFR + 1.162%) 6.488% 12/28/20291,3 | 235 | 234 | |
Stratus Static CLO, Ltd., Series 2022-3, Class A, (3-month USD CME Term SOFR + 2.15%) 7.476% 10/20/20311,3 | 224 | 225 | |
Sycamore Tree CLO, Ltd., Series 2023-3, Class A1, (3-month USD CME Term SOFR + 2.20%) 7.32% 8/16/20271,3 | 500 | 501 | |
Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/20293 | 884 | 883 | |
TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/20451,3 | 1,075 | 946 | |
Teachers Insurance and Annuity Association of AME, CLO, Series 2016-1, Class AR, (3-month USD CME Term SOFR + 1.462%) 6.788% 7/20/20311,3 | 250 | 249 | |
Textainer Marine Containers, Ltd., Series 2021-1A, Class A, 1.68% 2/20/20461,3 | 916 | 774 | |
Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/20461,3 | 641 | 549 | |
TIF Funding II, LLC, Series 2021-1A, Class A, 1.65% 2/20/20461,3 | 1,106 | 917 | |
Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/20451,3 | 1,118 | 958 | |
Valley Stream Park CLO, Ltd., Series 2022-1, Class AR, (3-month USD CME Term SOFR + 1.63%) 7.04% 10/20/20341,3 | 1,000 | 1,000 | |
Wellfleet CLO, Ltd., Series 2017-3A, Class A1, (3-month USD CME Term SOFR + 1.412%) 6.72% 1/17/20311,3 | 243 | 242 | |
Westlake Automobile Receivables Trust, Series 2022-3, Class C, 5.49% 7/15/20261,3 | 140 | 139 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class B, 5.41% 1/18/20281,3 | 212 | 209 | |
Westlake Automobile Receivables Trust, Series 2023-1, Class C, 5.74% 8/15/20281,3 | 412 | 407 | |
Westlake Automobile Receivables Trust, Series 2023-3, Class C, 6.02% 9/15/20281,3 | 597 | 593 | |
50,667 |
Capital Group Short Duration Income ETF — Page 11 of 15
unaudited
Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes 0.45% U.S. Treasury 0.45% | Principal amount (000) | Value (000) | |
U.S. Treasury 4.375% 8/15/20265 | USD1,000 | $988 | |
U.S. Treasury 4.375% 8/31/2028 | 273 | 270 | |
1,258 | |||
Total bonds, notes & other debt instruments (cost: $277,227,000) | 275,478 | ||
Short-term securities 8.51% Money market investments 8.51% | Shares | ||
Capital Group Central Cash Fund 5.44%6,7 | 236,536 | 23,651 | |
Total short-term securities (cost: $23,652,000) | 23,651 | ||
Total investment securities 107.66% (cost: $300,879,000) | 299,129 | ||
Other assets less liabilities (7.66)% | (21,271) | ||
Net assets 100.00% | $277,858 |
Futures contracts
Contracts | Type | Number of contracts | Expiration date | Notional amount (000) | Value and unrealized (depreciation) appreciation at 9/30/2023 (000) |
2 Year U.S. Treasury Note Futures | Long | 782 | 12/29/2023 | USD158,520 | $(452) |
5 Year U.S. Treasury Note Futures | Long | 87 | 12/29/2023 | 9,166 | (81) |
10 Year U.S. Treasury Note Futures | Long | 46 | 12/19/2023 | 4,971 | (86) |
10 Year Ultra U.S. Treasury Note Futures | Short | 241 | 12/19/2023 | (26,887) | 811 |
30 Year U.S. Treasury Bond Futures | Short | 25 | 12/19/2023 | (2,844) | 194 |
$386 |
Investments in affiliates7
Value of affiliate at 1/1/2023 (000) | Additions (000) | Reductions (000) | Net realized loss (000) | Net unrealized appreciation (000) | Value of affiliate at 9/30/2023 (000) | Dividend income (000) | |
Short-term securities 8.51% | |||||||
Money market investments 8.51% | |||||||
Capital Group Central Cash Fund 5.44%6 | $13,146 | $134,334 | $123,828 | $(1) | $—8 | $23,651 | $504 |
1 | Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $86,307,000, which represented 31.06% of the net assets of the fund. |
2 | Step bond; coupon rate may change at a later date. |
3 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
4 | Purchased on a TBA basis. |
5 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $361,000, which represented .13% of the net assets of the fund. |
6 | Rate represents the seven-day yield at September 30, 2023. |
7 | Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended. |
8 | Amount less than one thousand. |
Capital Group Short Duration Income ETF — Page 12 of 15
unaudited
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share 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. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the 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, including depositary receipts, 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 evaluated prices obtained from third-party 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 fund is 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 |
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 fund’s 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 was $144,311,000.
Capital Group Short Duration Income ETF — Page 13 of 15
unaudited
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the 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, dealer or broker quotes, 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 the fund is determined. Fair 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 fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. 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. The Committee reports any changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The fund’s investment adviser classifies the 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 following tables present the fund’s valuation levels as of September 30, 2023 (dollars in thousands):
Investment securities | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Assets: | |||||||
Bonds, notes & other debt instruments: | |||||||
Corporate bonds, notes & loans | $— | $136,192 | $— | $136,192 | |||
Mortgage-backed obligations | — | 87,361 | — | 87,361 | |||
Asset-backed obligations | — | 50,667 | — | 50,667 | |||
U.S. Treasury bonds & notes | — | 1,258 | — | 1,258 | |||
Short-term securities | 23,651 | — | — | 23,651 | |||
Total | $23,651 | $275,478 | $— | $299,129 |
Other investments* | |||||||
Level 1 | Level 2 | Level 3 | Total | ||||
Assets: | |||||||
Unrealized appreciation on futures contracts | $1,005 | $— | $— | $1,005 | |||
Liabilities: | |||||||
Unrealized depreciation on futures contracts | (619) | — | — | (619) | |||
Total | $386 | $— | $— | $386 |
* | Futures contracts are not included in the investment portfolio. |
Capital Group Short Duration Income ETF — Page 14 of 15
unaudited
Key to abbreviations |
CLO = Collateralized Loan Obligations |
CME = CME Group |
CMO = Collateralized Mortgage Obligations |
DAC = Designated Activity Company |
SOFR = Secured Overnight Financing Rate |
TBA = To-be-announced |
USD = U.S. dollars |
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 investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing.
You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
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.
© 2023 Capital Group. All rights reserved.
ETGEFP3-307-1123O-S96511 | Capital Group Short Duration Income ETF — Page 15 of 15 |