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 |
| CGXU | $ 65 | 0.54 % |
Management's discussion of fund performance
The fund's shares gained 39.26% on a net asset value (NAV) basis and 39.43% on a market price basis for the year ended May 31, 2026. These results compare with a 32.77% gain for the MSCI ACWI (All Country World Index) ex USA. 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, international equities posted solid gains, overcoming volatility driven by trade tensions and geopolitical uncertainty. Heavy investment in artificial intelligence continued to boost large-cap technology stocks. Meanwhile, energy shares surged on higher oil prices, driven by the Middle East conflict. European markets rose, aided by stronger domestic demand and a European Central Bank rate cut. Emerging markets also advanced, as strong semiconductor demand supported stocks in South Korea and Taiwan.
Within the fund, most sectors contributed to portfolio returns, led by information technology and materials. Holdings in financials, industrials and communication services were also positive. Geographically, companies based in South Korea, Canada and Japan were among the top contributors.
Conversely, holdings in the health care and consumer discretionary sectors posted negative returns during the period. Investments in companies based in Denmark and Germany detracted from the overall portfolio.
Average annual
total
returns| 1 year | Since inception 1 | |
| Capital Group International Focus Equity ETF (at NAV) 2 | 39.26 % | 10.71 % |
| MSCI ACWI (All Country World Index) ex USA 3 | 32.77 % | 11.97 % |
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): MSCI
.deduction
of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 6,221 |
| Total number of portfolio holdings | 73 |
| Total advisory fees paid (in millions) | $ 24 |
| Portfolio turnover rate | 68 % |
Portfolio holdings by sector
(percent of net assets)
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.