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Fixed Income

CAPM Capital Group Multi-Sector Income Select ETF™ (Canada)

Taking a diversified approach to higher income: A flexible, multi-sector bond strategy that pursues a high level of income and capital appreciation. It is a diversified option for an income-seeking bond allocation.


    • Management Fee (%) tooltip: The management fee compensates the fund manager for its services. The fund manager provides all managerial, supervisory and administrative services required for the day-to-day operation of the fund.
      0.42
    • Effective Duration tooltip: Effective duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest rates change.
      4.5
      As of 10/31/2024
    • Morningstar Category tooltip: In an effort to classify funds by what they own, as well as by their prospectus objectives and styles, Morningstar developed Morningstar Categories. While the prospectus objective identifies a fund's investment goals based on the wording in the fund prospectus, the Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio and other statistics over the past three years).
      Multi-Sector
      Fixed
      Income
    • Inception date
      10/22/2024
    • FUND ASSETS ($M)
      $155.1
      As of 12/03/2024
    • Benchmark
      Bloomberg U.S. Aggregate Bond Index (CAD hedged) tooltip: Bloomberg U.S. Aggregate Bond Index represents the U.S. investment-grade fixed-rate bond market. The foreign currency exposure of the securities in the index is hedged to the Canadian dollar.
      Multi-Sector Income Fund Custom Index (CAD hedged) tooltip: Multi-Sector Income Fund Custom Index comprises: 45% Bloomberg U.S. Corporate High Yield Issuer Capped Index; 30% Bloomberg U.S. Corporate Investment Grade Index; 15% J.P. Morgan EMBI Global Diversified; 8% Bloomberg Non-Agency CMBS Ex AAA Index; and 2% Bloomberg ABS Ex AAA Index. All of the constituent indices are hedged to CAD.

    Overview

    Key information

    Fund Objective
    Seeks to provide a high level of current income through investments primarily in a broad range of bonds and other debt securities. The fund’s secondary objective is capital appreciation.
    Distinguishing Characteristics
    Combines four credit sectors in a single portfolio for diversified income: high-yield corporate bonds, investment-grade corporate bonds, emerging markets bonds and securitized debt. With a focus on fundamental and sector analysis, the fund aims to generate high income while balancing risk through holding both investment grade and non-investment grade bonds. It has flexibility to tilt sector exposures in changing markets, and to opportunistically invest in other sectors.
    Portfolio Restrictions
    The fund may invest substantially in securities rated Ba1 or below and BB+ or below, or in securities that are unrated but determined to be of equivalent quality by the fund's investment subadvisor.

    Key facts

    Fund inception
    10/22/2024
    Fund assets (millions)
    $155.1
    As of 12/03/2024 (updated daily)
    Exchange
    TSX
    Companies/issuers
    326
    Holdings as of 11/30/2024 (updated monthly)
    mthDividendsPaid
    Income distributions paid
    Monthly
    Price at NAV
    $25.17
    As of 12/03/2024 (updated daily)
    Price at market price
    $25.20
    As of 12/03/2024 (updated daily)
    CUSIP
    14021Y101
    Risk rating
    Low to Medium
    Registered plan available
    Yes

    Portfolio managers

    Portfolio managers as of 12/04/2024. Years of experience are as of the previous calendar year-end.
    Xavier Goss
    20 years of investment industry experience
    3 years with Capital Group
    Damien McCann
    24 years of investment industry experience
    24 years with Capital Group
    Kirstie Spence
    28 years of investment industry experience
    28 years with Capital Group
    Scott Sykes
    22 years of investment industry experience
    18 years with Capital Group

    Why our system?

    The Capital System™ is the driving force behind our history of long-term results. It leverages a multi-manager system to construct portfolios containing diverse, high-conviction ideas while promoting continuity and resilience.

    Returns

    returns

    Investment results2, 3

    Returns for this ETF will be shown after the first 12 months of its operation.

    Prices & distributions

    As of 12/03/2024
    • Price at nav ($)
      $25.17
    • Price change ($)
      $-0.01
    • Price change (%)
      -0.04%
    • Price at market price ($)
      $25.19
    • Price change ($)
      $0.02
    • Price change (%)
      0.08%
    Prices distributions table
    YTD income subtotal ($)0.114
    YTD cap gains subtotal ($)0.000
    YTD total distributions ($)0.114
    Find Historical Prices
    Find Historical Distributions

    Yield (%)

    Yields for this ETF will be shown after the first 12 months of its operation.

    Portfolio composition

    Key statistics

    % of net assets as of 10/31/2024 (updated monthly)
    Fixed income statistics
    CAPM
    BSNY_YTWSEC
    Average coupon (%) tooltip: The average coupon is the weighted average coupon rate of all the bond holdings.
    5.7
    Effective duration (years) tooltip: Effective duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest rates change.
    4.5
    Spread duration (years) tooltip: A measure of fixed income securities' sensitivity to spread movement.
    5.5
    Option adjusted spread (bps) tooltip: Option-adjusted spread is a yield-spread calculation used to value securities with embedded options.
    188.1
    Duration times spread (bps) tooltip: A measure of fixed income securities' spread exposure, taking into account both spread duration and credit spread exposure.
    10.0

    Top fixed income issuers

    As of 10/31/2024 (updated monthly)
    CAPM
    CAPM
    U.S. Treasury5.0%
    Charter Communications1.2%
    Amgen1.1%
    PG&E1.0%
    JPMorgan Chase1.0%
    BX Trust 2024-FNX1.0%
    GLS Auto Receivables Issuer Trust 2024-41.0%
    Goldman Sachs0.9%
    AbbVie0.9%
    Morgan Stanley0.9%

    Portfolio exposures

    As of 10/31/2024 (updated monthly)
    Sector exposures
    Market value (%)
    CAPM (%)
    High Yield35.4
    Investment-Grade Corps30.8
    Emerging markets13.3
    Securitized10.2

    Fees & expenses

    Expenses (%)

    Management fee tooltip: The management fee compensates the fund manager for its services. The fund manager provides all managerial, supervisory and administrative services required for the day-to-day operation of the fund.
    0.42
    rafgx
    Management expense ratio tooltip: This is the total of the fund's management fee, fixed-rate administration fee and fund costs. Please refer to the fund's prospectus for additional details.
    Trading expense ratio tooltip: These are the fund's trading costs.

    Resources

    Commissions, trailing commissions, management fees and expenses all may be associated with investments in investment funds. 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 distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Investment funds are not guaranteed or covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. For investment funds other than money market funds, their values change frequently. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.
    Capital Group exchange-traded funds (ETFs) are actively managed and do not seek to replicate a specific index. ETF units are bought and sold through an exchange at the then current market price, not net asset value (NAV), and are not individually redeemed from the fund. Units may trade at a premium or discount to their NAV when traded on an exchange. Brokerage commissions will reduce returns. There can be no guarantee that an active market for ETFs will develop or be maintained, or that the ETF's listing will continue or remain unchanged.
    The ETFs are prospectus qualified in Canada and are not registered with the United States Securities and Exchange Commission and are not intended for distribution in the United States.
    There may have been periods when the results lagged the index and/or average. Indices are unmanaged and their results include reinvested distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or income taxes. Investors cannot invest directly in an index.
    Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg’s licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
    This report, and any product, index or fund referred to herein, is not sponsored, endorsed or promoted in any way by J.P. Morgan or any of its affiliates who provide no warranties whatsoever, express or implied, and shall have no liability to any prospective investor, in connection with this report.
    © 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from this information. Past performance is no guarantee of future results.
    All Capital Group trademarks are owned by The Capital Group Companies, Inc. or an affiliated company in Canada, the U.S. and other countries. All other company names mentioned are the property of their respective companies.
    Capital Group funds in Canada are offered by Capital International Asset Management (Canada), Inc., part of Capital Group, a global investment management firm originated in Los Angeles, California in 1931.
    The Capital Group funds offered on this website are available only to Canadian residents.
    The portfolio is actively managed; holdings will change.
    Totals may not reconcile due to rounding.
    1.
    YTD (year-to-date return): For the period from January 1 of the current year to the date shown or from inception date if first offered after January 1 of the current year.
    2.
    When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
    3.
    ETF market price returns since inception are calculated using NAV for the period until market price became available (generally a few days after inception).
    4.
    Cash includes short-term investments and other assets less liabilities.
    5.
    "Other" category may include equities, rights, warrants, convertibles, preferreds, interest rate swaps and credit default swap indices.
    6.
    "Other & derivatives" category may include equities, rights, warrants, convertibles, preferreds, interest rate swaps and credit default swap indices.