ANNUAL
SHAREHOLDER REPORT
Stock
Exchange:
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 |
| CGNG |
$ |
% |
Management's
discussion of fund performance
The
fund's shares gained 36.00% on a net asset value (NAV) basis and 36.13% on a
market price basis for the year ended
May 31, 2026. These results compare with a 54.31% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to
May 31, 2026. These results compare with a 54.31% gain for the MSCI Emerging Markets 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, global equity markets delivered robust gains despite
persistent trade tensions and geopolitical uncertainty. Strong corporate
earnings lifted equities to record highs, including those within the U.S. and
Japan. 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. Emerging markets also advanced, as strong
semiconductor demand supported stocks in South Korea and
Taiwan.
Within
the fund, most sectors contributed, with the information technology sector being
particularly additive. Holdings in the financials, industrials and materials
were also positive. Geographically, companies based in South Korea, Taiwan and
the U.S. contributed most to absolute returns.
In
terms of detractors, holdings in consumer discretionary, consumer staples and
real estate saw negative results. At the country level, investments in India,
Denmark and Indonesia also detracted from the
portfolio.
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 | |
NAV) 2 |
% |
% |
Index 3 |
% |
% |
Index) 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.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)
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 period June 25,
2024, commencement of operations, to 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.
Availability
of additional information
Additional
information about the fund, including its prospectus, financial information,
holdings, and proxy voting information is available at
capitalgroup.com/ETF-literature
.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-319-0726 © 2026 Capital Group. All rights
reserved.
