CTPFX — Capital Group Emerging Markets Total Opportunities Fund

Data updated: 2020-07-02

CTPFX — Capital Group Emerging Markets Total Opportunities Fund. China Blend / Core Equity · 1.10% expense ratio. Holdings, fees, performance and SEC filings.

CTPFX Fund Overview

CTPFX — Capital Group Emerging Markets Total Opportunities Fund is a US mutual fund managed by Capital Group Emerging Markets Total Opportunities Fund, categorised as China Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

CTPFX Investment Objective and Strategy

Capital Group Emerging Markets Total Opportunities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Capital Group Emerging Markets Total Opportunities Fund.

Investment objective

The funds investment objective is to seek long-term growth and preservation of capital with lower volatility of returns than emerging market equities.

Principal investment strategy

Under normal market conditions, the fund intends to invest at least 80% of its assets in emerging markets securities and cash and cash equivalents of emerging markets issuers, as defined in the following paragraphs. The fund will invest primarily in common stocks, other equity securities and bonds that are: (1) from issuers in developing countries, (2) principally traded in an emerging market, (3) deemed by the investment adviser to be suitable investments for the fund due to significant economic exposure (e.g., through assets, revenues or profits) to developing countries or (4) denominated in a currency of a developing country. The securities markets of developing countries may be referred to as emerging markets. Equity securities are securities that exhibit ownership characteristics, including common and preferred stock, securities convertible into common and preferred stock and depository receipts representing ownership in common and preferred stock.

These securities are discussed more fully under Investment objective, strategies and risks. In determining whether an issuer is in a developing country, the funds investment adviser will consider such factors as where the issuer is domiciled and the location of the issuers principal place of business. The investment adviser will deem an issuer to have significant economic exposure to developing countries if it has at least 50% of its assets in developing countries or derives, or in the opinion of the investment adviser is expected to derive, at least 50% of its total revenue or profit from goods or services produced in or sales made in developing countries. In determining whether a country is a developing country, the funds investment adviser will consider such factors as whether the country is generally considered to be a developing country by the international financial community, the overall regulatory environment, the presence of government regulation limiting or banning foreign ownership, and restrictions on repatriation of initial capital, dividends, interest and/or capital gains.

Countries that are currently considered by the funds investment adviser to be developing countries include, but are not limited to, Argentina, Brazil, Chile, China, Colombia, Croatia, Czech Republic, Egypt, Ghana, Greece, Hong Kong, Hungary, India, Indonesia, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Malaysia, Mexico, Morocco, Nigeria, Oman, Pakistan, Peru, Philippines, Poland, Qatar, Romania, Russia, Saudi Arabia, Senegal, Slovakia, South Africa, South Korea, Sri Lanka, Taiwan, Thailand, Turkey, United Arab Emirates, Uruguay, Venezuela, Vietnam and Zambia. The fund may invest without limitation in common stocks and bonds. The mix of common stocks and bonds held by the fund will depend on the investment advisers assessment of market conditions and the asset mix it believes most appropriate to seek to achieve the funds objective.

The fund seeks to achieve its objective of preserving capital with lower volatility of returns than emerging market equities by allocating a portion of its assets to bonds and other debt securities of emerging market issuers. The fund may invest in the stocks of smaller capitalization companies (typically companies with market capitalization of $6.0 billion and below at the time of purchase). The fund also invests in other equity securities including preferred stocks, convertible preferred stocks and convertible bonds. The fund invests in bonds and other debt securities with a range of maturities. The fund may invest in both investment grade debt securities (rated Baa3 or better or BBB or better by Nationally Recognized Statistical Rating Organizations designated by the funds investment adviser or unrated but determined to be of equivalent quality by the funds investment adviser) and in higher yielding and generally lower quality debt securities (rated Ba1 or below or BB+ or below by Nationally Recognized Statistical Rating Organizations designated by the funds investment adviser or unrated but determined by the funds investment adviser to be of equivalent quality), including corporate loan obligations.

Such lower quality securities are sometimes referred to as junk bonds. The fund may invest in securities with the lowest rating by Nationally Recognized Statistical Rating Organizations designated by the funds investment adviser. The investment adviser uses a system of multiple portfolio managers in managing the funds assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers who decide how their respective segments will be invested. The mandate manager and the equity investment management group of the funds investment adviser determine the portfolio managers for the fund and oversee the allocation of assets among the funds managers. The fund relies on the professional judgment of its investment adviser to make decisions about the funds portfolio investments.

The basic investment philosophy of the investment adviser is to seek to invest in attractively valued securities that, in its opinion, represent good, long-term investment opportunities. The investment adviser believes that an important way to accomplish this is through fundamental analysis, which may include meeting with company executives and employees, suppliers, customers and competitors. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

CTPFX Costs and Fees

CTPFX costs about $110 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 1.10%
  • Gross expense ratio: 1.51%
  • Portfolio turnover: 56%
  • Brokerage commissions: 9.05 bps of average net assets (SEC N-CEN)

CTPFX Cashflows

Over the 12 months to 2020-04, Capital Group Emerging Markets Total Opportunities Fund had net outflows of $58.18M, from monthly SEC N-PORT filings.

MonthNet flow
2020-04−$61.16K
2020-03$0
2020-02$0
2020-01$0
2019-12−$57.12M
2019-11$835.43K

CTPFX Debt Constituents

No individual debt constituents are reported in Capital Group Emerging Markets Total Opportunities Fund's latest SEC N-PORT filing.

CTPFX Prospectus and SEC Filings

Official Capital Group Emerging Markets Total Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other China Blend / Core Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.