Capital Group Central Corporate Bond Fund
Capital Group Central Fund Series II · Series S000071511 · 1 share classes
data updated 2026-08-10
Fund profile
This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Bonds | 89.45% |
| Cash & short-term | 12.61% |
| Securitized | 0.81% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES TREASURY ×3, BANK OF AMERICA CORP, ABBOTT LABORATORIES, MORGAN STANLEY, AMGEN INC, FLORIDA POWER & LIGHT CO
Largest exited: UNITED STATES TREASURY ×5, CAIXABANK SA, The BOEING CO, CITIGROUP INC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 81.8% |
| Floating rate | 18.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.7% |
| 1-3y | 5.6% |
| 3-5y | 15.8% |
| 5-10y | 44.6% |
| 10y+ | 32.2% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 52% |
| Credit spreads | 48% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +6.02 yr |
| High yield | +0.39 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.50 yr | 7% |
| 5 yr | 2.02 yr | 29% |
| 10 yr | 2.62 yr | 38% |
| 30 yr | 1.78 yr | 26% |
3 mo is NEGATIVE (-0.01 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.34 yr | 5% |
| 5 yr | 2.13 yr | 33% |
| 10 yr | 2.66 yr | 41% |
| 30 yr | 1.27 yr | 20% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.01 | +0.01 | +0.00 | $13.9k | $17 |
| 1 yr | +0.50 | +0.32 | +0.02 | $374.3k | $21.4k |
| 5 yr | +2.02 | +1.77 | +0.37 | $2.07m | $428.2k |
| 10 yr | +2.62 | +2.66 | +0.00 | $3.12m | $3.2k |
| 30 yr | +1.78 | +1.27 | +0.00 | $1.49m | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | CAPITAL GROUP CENTRAL CASH FUND | 12.61% | $1.48B | — |
| — | UNITED STATES TREASURY4.63% · due 2055-11-15 | 2.68% | $313.99M | — |
| — | UNITED STATES TREASURY3.75% · due 2031-01-31 | 2.07% | $243.06M | — |
| — | UNITED STATES TREASURY4.63% · due 2046-02-15 | 1.30% | $153.13M | — |
| — | BANK OF AMERICA CORP5.04% floating · due 2037-02-06 | 0.84% | $99.11M | — |
| — | BANK OF AMERICA CORP2.30% floating · due 2032-07-21 | 0.80% | $93.79M | — |
| — | MORGAN STANLEY4.36% floating · due 2031-10-22 | 0.76% | $89.50M | — |
| — | ABBOTT LABORATORIES4.65% · due 2036-03-15 | 0.72% | $84.86M | — |
| — | CHUBB INA HOLDINGS LLC5.00% · due 2034-03-15 | 0.68% | $79.97M | — |
| — | BRISTOL-MYERS SQUIBB CO5.20% · due 2034-02-22 | 0.68% | $79.69M | — |
Top 10 positions are 23.16% of net assets, top 25 31.17%, across 213 issuers.
See more of this fund's book
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