ITEM 1 - Reports to Stockholders
ANNUAL SHAREHOLDER REPORT
Stock Exchange: NYSE Arca, Inc.
What were the fund costs for the last year?
(based
on a hypothetical $10,000 investment)Fund | Cost of $10,000 Investment | Costs paid as a percentage of a $10,000 investment |
| CGGO | $ | % |
Management's discussion of fund performance
The fund's shares gained 25.97% on a net asset value (NAV) basis and 25.92% on a market price basis for the year ended May 31, 2024. These results compare with a 23.56% gain for the MSCI ACWI (All Country World Index). For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/ETF-returns
.What factors influenced results
During the fund’s fiscal year, the United States saw economic growth driven by recovery in labor markets and increased supply of goods. In Europe, the market saw positive momentum attributed to decreased natural gas prices and increased manufacturing activity. However, the United Kingdom experienced stagnant growth, with inflation decreasing at a slower rate. In the Asia-Pacific region, Japan and India saw growth in corporate profits, while China faced an economic slowdown due to a downturn in the real estate sector.
Holdings in most equity sectors produced positive returns for the fund, with shares of communications services, energy and information technology companies particularly additive to results. Shares of companies based in the United States, Canada and developing markets around the globe were likewise additive.
Investments in consumer staples companies posted negative returns on average, while real estate and utilities shares were neutral overall. The fund’s holdings in Japanese companies likewise saw negative returns, with the rest of the Asia-Pacific region showing positive returns, though below that of the fund overall.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | Since inception 1 | |
2 | % | % |
2 | ||
3 |
1
The fund began investment operations on
2
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.3
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (in millions) | $ |
| Portfolio turnover rate | % |
Portfolio holdings by sector
(percent of net assets)
Availability of additional information
Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.Lit. No. ETMXARX-305-0724 © 2024 Capital Group. All rights reserved.
