Capital Group Funds (Canada)
World Bond
Series F
Portfolio data as of January 31, 2024 (updated monthly)
Investment Objective
Seeks to provide, over the long term, a high level of total return consistent with prudent investment management through investments primarily in bonds and other debt securities of global issuers. Total return comprises the income generated by the fund and the changes in the market value of the fund's investments.
Fund Description
A prudent approach to global diversification
Invests primarily in sovereign and corporate bonds in both developed and developing markets.
Returns
Growth of $10,000 since inception (Series F)
Returns include reinvestment of all distributions and do not reflect the effect of a sales charge. Past returns are not predictive of future returns.
Returns (%) Series F
1 month -0.24
YTD -0.24
1 year* 1.53
3 years* -4.66
5 years* -0.55
Lifetime* -0.07
Lifetime (cumulative) -0.42
2023 3.62
2022 -11.61
2021 -5.68
2020 7.99
2019 2.37
*Annualized compound returns.
Portfolio information
Fund assets ($mil) combined series $308.7
Companies / issuers   497
Income distributions paid   Monthly
Capital gains paid   December
Portfolio turnover (2022)   157%
Trading expense ratio1   0.02%
Effective duration (years)2   6.4
Yield to maturity   4.23%
Yield to worst 2   4.19%
Asset breakdown4
Developed markets (investment grade)
Government 28.6%
Corporate 23.4%
Inflation-linked 1.4%
Asset backed 0.8%
Mortgage backed 15.8%
Subtotal 70.0%
Corporate high yield 2.3%
Emerging market debt5 23.5%
Other —   
Cash and cash equivalents
  & other assets less liabilities
4.2%
Total portfolio   100.0%
Portfolio characteristics
  Series F
FundSERV CIF 120
MER6 0.70%
Fund inception Nov 30, 2017
Minimum initial investment $500
12-month distribution rate7 3.0%
Portfolio managers
Years with Capital / Years in profession
Philip Chitty 20 / 30
Andrew A. Cormack 5 / 20
Thomas Reithinger 10 / 13
Top 10 issuers4
% of Portfolio Yield %
UMBS 10.8 5.0
U.S. Treasury 7.3 4.2
Mexico (United Mexican States) (Government) 3.9 9.4
China, People's Republic of 3.7 2.6
Japan, Government of 3.5 1.4
Brazil, Federal Government of 3.2 10.6
Germany, Federal Republic of 2.9 2.1
UK Government 2.8 4.0
Hellenic Republic 2.1 3.1
Spain, Kingdom of 1.9 3.1
Country and currency4
Top 5 countries
United States 38.1%
United Kingdom 5.8%
Mexico 4.5%
Germany 4.3%
Brazil 4.1%
Top 5 currencies8
US Dollar 42.7%
Euro 23.1%
Yen 10.4%
Pound Sterling 4.0%
Yuan Renminbi Offshore 4.0%
Bond quality summary4
% of Bonds
AAA/Aaa 7.8
AA/Aa 33.3
A 16.8
BBB/Baa 25.0
BB/Ba 12.8
B 2.8
CCC/Caa & below 1.3
Unrated 0.2
Investment grade 82.9
Below investment grade 16.9
Cash and cash equivalents includes short-term investments.
1 As of June 30, 2023.
2 Includes the impact of callable bonds. Duration is a measure of the approximate sensitivity of a bond portfolio's value to interest rate changes.
3 Reflects the lowest yield that can be realized by either calling or putting on one of the available call/put dates, or holding a bond to maturity. Includes the underlying holdings in Capital Group Global High Income Opportunities (LUX).
4 Includes the Fund's direct portfolio holdings as well as the holdings through Capital Group Global High Income Opportunities (LUX).
5 May include a portion of investment-grade issues.
6
Capital Group, at its discretion, currently waives some of its management fees or absorbs some expenses of certain Capital Group funds. Such waivers and absorptions may be terminated at any time, but can be expected to continue for certain portfolios until such time as such funds are of sufficient size to reasonably absorb all management fees and expenses incurred in their operations.
The management expense ratios for the portfolios are based on unaudited total expenses for the six-month period ended June 30, 2023 and are expressed as an annualized percentage of daily average net assets during the period. Actual MERs may vary. The following lists the management expense ratios for Capital Group World Bond Fund (Canada) before waivers or absorptions for the six-month period ended June 30, 2023: Series A, 1.21%; Series F, 0.70%; Series AH, 1.23%; Series FH, 0.74%; Series I, 0.16%; Series IH, 0.21%.
7 Reflects the sum of income distributions over the trailing 12 months, divided by the sum of the previous month's ending NAV plus any capital gains distributed over the 12-month period.
8 Reflects currency exposure at the portfolio level. Does not apply to hedged series.
Not available to U.S. residents.
Updated on a monthly basis.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their value changes frequently and past performance may not be repeated.
Philip Chitty
Years at Capital: 20
Years in profession: 30
Based in London
Philip Chitty is a fixed income portfolio manager at Capital Group. As a fixed income investment analyst, he covers Western Europe and the U.K. He also serves on the Global Solutions Committee. Earlier in his career at Capital, Philip had macroeconomic responsibility for Europe and Japan. Prior to joining Capital, Philip was a senior European economist with ABN AMRO. Before that, he was an economist with HM Treasury. He holds a master’s degree in economics from Birkbeck College, University of London.
Andrew A. Cormack
Years at Capital: 5
Years in profession: 20
Based in London
Andrew A. Cormack is a fixed income portfolio manager at Capital Group. Prior to joining Capital, Andrew worked as a portfolio manager at Western Asset Management. He holds a first-class honours degree in actuarial science from the London School of Economics and Political Science. He also holds the Investment Management Certificate.
Thomas Reithinger
Years at Capital: 10
Years in profession: 13
Based in London
Thomas Reithinger is a fixed income portfolio manager at Capital Group. As a fixed income investment analyst, he covers sovereign debt. Prior to joining Capital, Thomas worked as an analyst at Monashee Investment Management and as a research associate at Dix Hills Partners. He holds an MBA from Harvard Business School and double bachelor's degrees in business & management and computer engineering from Rensselaer Polytechnic Institute graduating summa cum laude.
Capital Group funds and Capital International Asset Management (Canada), Inc., are part of Capital Group, a global investment management firm originating in Los Angeles, California in 1931. Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed-income investment professionals provide fixed-income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Distributions
    Series F
2024 YTD Income $0.012
  Capital gains
  Total $0.012
2023 Income $0.261
  Capital gains
  Total $0.261
2022 Income $0.242
  Capital gains
  Total $0.242
2021 Income $0.154
  Capital gains
  Total $0.154
2020 Income $0.180
  Capital gains $0.199
  Total $0.379
Historical Prices & Distributions
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Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.