Shareholder Report
May 31, 2026
USD ($)
Holding
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 |
| CGGR | $ 44 | 0.39 % |
Management's discussion of fund performance
The fund's shares gained 25.22% on a net asset value (NAV) basis and 25.20% on a market price basis for the year ended
May 31, 2026. These results compare with a 29.78% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to.
May 31, 2026. These results compare with a 29.78% gain for the S&P 500 Index. For information on returns for additional periods, including the fund lifetime, please refer to
capitalgroup.com/ETF-returns
What factors influenced results
U.S. equities advanced sharply during the fund’s fiscal year, with the S&P 500 Index reaching all-time highs. Record artificial intelligence spending and robust corporate earnings drove the rally, with information technology, communication services and energy sectors leading the gains. The U.S. economy remained resilient, underpinned by higher consumer spending. However, signs of a softening labor market prompted the U.S. Federal Reserve to implement three 25-basis-point rate cuts during the period.
Within the fund, most sectors contributed, with holdings in information technology being particularly additive. Materials and energy sectors delivered strong returns but had a more modest impact due to smaller weights. Returns from industrials and communication services were also positive, though below the portfolio’s overall results.
Conversely, holdings in financials, real
estate
and utilities sectors detracted from the fund.
Average annual total
returns
1 year | Since inception 1 | |
| Capital Group Growth ETF (at NAV) 2 | 25.22 % | 17.36 % |
| S&P 500 Index 3 | 29.78 % | 15.85 % |
1
The fund began investment operations on February 22, 2022.2
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): S&P Dow Jones Indices LLC.Key fund statistics
| Fund net assets (in millions) | $ 24,637 |
| Total number of portfolio holdings | 91 |
| Total advisory fees paid (in millions) | $ 70 |
| Portfolio turnover rate | 30 % |
Portfolio holdings by sector
*Less than 0.01%.
Changes in and disagreements with accountants
On July 3, 2025, PricewaterhouseCoopers LLP (“PwC”) was dismissed and Deloitte & Touche LLP was appointed as the fund’s independent registered public accounting firm for the fiscal year ending May 31, 2026 audit. The change in the fund’s independent registered public accounting firm was approved by the fund’s board of trustees, including a majority of the independent trustees, upon recommendation of the audit committee, as part of a broader effort to update board oversight and fund operations. At no point during the fund’s fiscal years ended May 31, 2024 and May 31, 2025 and the subsequent interim period through July 14, 2025, were there any disagreements between management and PwC on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.