5 things to know about Capital Group International Core Equity ETF

CGIC

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1

It's delivered both growth and income
 

  • CGIC seeks long‑term capital growth alongside current income, investing primarily in non‑U.S. companies including those in emerging and developing markets.
  • The fund focuses on established, high‑quality companies with strong earnings and consistent dividends, which may help moderate volatility. The fund has a 1.76% 30-day SEC yield as of 7/31/26.
  • This approach has resulted in historically higher risk-adjusted returns than the benchmark MSCI All Country World Index (ACWI) ex USA since inception.

Value of a hypothetical $10,000 investment (June 25, 2024 to June 30, 2026)

Line chart shows the value of a hypothetical $10,000 investment for CGIC – Capital Group International Core Equity ETF compared with the MSCI All Country World Index (ACWI) ex USA from June 25, 2024, to June 30, 2026. The vertical axis ranges from about $8,000 to $16,000, and the horizontal axis spans from June 2024 through June 2026. Both investments follow similar paths with periods of volatility, including a noticeable dip in early 2025, followed by a sustained upward trend. CGIC generally tracks closely with the index. Both lines rise steadily through late 2025, reaching peak values around $15,000 before declining modestly toward the end of the period. By June 30, 2026, CGIC ends at $14,947, compared with $14,976 for the MSCI ACWI ex USA. The line chart also features risk-adjusted performance metrics for the same time period. CGIC has a standard deviation of 14.07 and a Sharpe ratio of 1.17, while the MSCI ACWI ex USA has a standard deviation of 14.52 and a Sharpe ratio of 1.15.

Source: Morningstar. As of 6/30/26.

2

Maintained a core approach
 

  • CGIC has offered investors balanced style exposure, holding a core profile without leaning too far toward value or growth.
  • The fund strikes a balance between companies that are undervalued and overlooked and companies with the potential for above-average growth in sales, earnings and dividends.
  • Currently, the fund intends to invest at least 90% of its assets in non-U.S. holdings.

Morningstar style box analysis

The Morningstar style box analysis shows the investment style and market capitalization positioning for CGIC – Capital Group International Core Equity ETF over time. The vertical axis represents market capitalization, ranging from small to large, and the horizontal axis represents investment style, spanning value, blend and growth. Multiple circles depict the portfolio’s positioning at different points in time, with darker and larger circles representing the most recent portfolio as of June 30, 2026, and lighter, smaller circles representing earlier periods beginning June 30, 2024. The cluster of circles is concentrated in the upper middle portion of the grid, indicating a consistent emphasis on large-cap stocks with a blend-to-growth orientation. Over time, the portfolio shows relatively limited movement, remaining primarily within the large-cap category while shifting modestly within the blend and growth range.

Source: Morningstar. Time period measured is from 6/30/24 to 6/30/26.

3

Pursues diverse opportunities
 

  • With a core orientation, the fund’s managers seek opportunities for strong returns across the style spectrum, from value to growth.
  • The fund currently emphasizes select traditional growth industries, including semiconductors and semiconductor equipment, as well as aerospace and defense.
  • CGIC fund managers have also shown conviction in traditionally value-oriented industries, such as diversified telecommunication services and tobacco.

Industry weights (%)

Bar chart shows industry weights for CGIC – Capital Group International Core Equity ETF compared with the MSCI All Country World Index (ACWI) ex USA across selected industries, grouped into growth and value categories. Within growth-oriented industries, semiconductors and semiconductor equipment represent the largest allocation, with CGIC at 17.6% compared with 13.8% for the index. Aerospace and defense shows a smaller allocation, with CGIC at 4.6% versus 2.2% for the index. Within value-oriented industries, diversified telecommunication services has a weight of 3.2% in CGIC versus 1.2% in the index, while tobacco represents 3.5% in CGIC compared with 0.6% for the index.

Source: Capital Group. As of 6/30/26.

4

Multiple sources of return
 

  • The fund's managers capitalize on multiple sources of return by investing primarily in dividend-paying companies with attractive growth potential across regions, styles and sectors outside the U.S.
  • Amid growing market concentration tied to artificial intelligence (AI) and its related impacts, the fund has sought durable areas of investment that may be less exposed to disruption.
  • CGIC has a sizable allocation to tangible assets, with a track record of investment in materials that recently surpassed the benchmark.

Total allocation to materials (%)

Line chart shows the combined allocation to capital goods, materials and utilities for CGIC – Capital Group International Core Equity ETF compared with the MSCI All Country World Index (ACWI) ex USA over time. The vertical axis ranges from 0% to 10%, and the horizontal axis spans from 2024 through 2026. The series begin at around 5% and 7% for CGIC and MSCI ACWI ex USA Index, respectively. Over time, CGIC trends steadily upward, moving from between 4% and 6% to about 7% and 9% by 2026, ending with a dip to around 7%. The index remains steady throughout the period with a small decline, starting around 7% and ending around 6%. By the end of the period, CGIC surpasses the index.

Source: Capital Group. As of 6/30/26.

5

A differentiated approach
 

  • Using a bottom‑up approach, CGIC’s sector exposures differ from the benchmark MSCI ACWI ex USA Index.
  • Currently, the fund emphasizes exposure to materials, consumer staples and communication services, while limiting exposure to financials, healthcare and information technology.
  • This positioning aims to provide diversification away from extreme market concentration while maintaining global exposure.

Sector allocations (%)

Table shows sector allocation comparisons for CGIC – Capital Group International Core Equity ETF versus the MSCI ACWI ex USA Index, along with representative top CGIC holdings by sector. Financials account for 24.2 percent for the index and 19.2 percent for CGIC, with UniCredit, the top holding for CGIC in the banking industry. Industrials represent 14.1 percent for the index and 14.5 percent for CGIC, with BAE Systems, the top holding for CGIC in the aerospace and defense industry. Information technology accounts for 22.9 percent for the index and 21.5 percent for CGIC, with Taiwan Semiconductor Manufacturing Company, the top holding for CGIC in the semiconductors and semiconductor equipment industry. Materials represent 6.4 percent for the index and 7.6 percent for CGIC, with Glencore, the top holding for CGIC in the metals and mining industry. Consumer staples account for 5.1 percent for the index and 7.1 percent for CGIC, with British American Tobacco, the top holding for CGIC in the tobacco industry. Communication services represent 4.2 percent for the index and 5.9 percent for CGIC, with KPN, the top holding for CGIC in the diversified telecommunication services industry. Consumer discretionary accounts for 7.5 percent for the index and 6.9 percent for CGIC, with Industria de Diseño Textil, the top holding for CGIC in the specialty retail industry. Healthcare represents 6.9 percent for the index and 5.1 percent for CGIC, with AstraZeneca, the top holding for CGIC in the pharmaceuticals industry. Energy accounts for 4.3 percent for the index and 4.6 percent for CGIC, with TotalEnergies, the top holding for CGIC in the oil, gas and consumable fuels industry. Utilities represent 3.1 percent for the index and 3.5 percent for CGIC, with SSE, the top holding for CGIC in the electric utilities industry. Real estate accounts for 1.3 percent for the index and 1.6 percent for CGIC, with Mitsubishi Estate, the top holding for CGIC in the real estate management and development industry.

Source: Capital Group. As of 6/30/26. Numbers are rounded.

CGIC fund details

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