##  [# Capital Group Approved To Use Fidelity Wrapper](/sections/etf-watch/capital-group-approved-use-fidelity-wrapper) 

 

# Capital Group Approved To Use Fidelity Wrapper

 

 

Ninth-largest asset manager in the world cleared to use Fidelity’s active wrapper.



 

 

 

 

 [![DanMika200x200.jpg](/sites/default/files/styles/author_image_icon/public/2023-02/DanMika200x200.jpg?itok=W3yFiWn- "DanMika200x200.jpg")](/contributors/dan-mika) 

[By Dan Mika](/contributors/dan-mika)

 Jan 19, 2022

 Edited by: Dan Mika

 

 

     Share  <a class="a2a a2a_button_email"> Email </a><a class="a2a a2a_button_linkedin"> LinkedIn </a><a class="a2a a2a_button_facebook"> Facebook </a><a class="a2a a2a_button_x"> X (Twitter) </a> 

 

 

 

 

 

 

 

 

  
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-article_page_302x26');
            });
    
    

 

 

  

 



 

 

  Loading 

 

 



 

 

Capital Group has been cleared to use Fidelity’s wrapper for actively managed, semitransparent ETFs, giving the ninth-largest asset manager in the world that option in future launches as it moves closer to launching its first suite of ETFs.

In an [SEC filing](https://www.sec.gov/Archives/edgar/data/1614790/999999999722000177/filename1.pdf) Wednesday afternoon, regulators allowed the mutual fund group to operate ETFs with an exemption from the requirement of daily portfolio transparency, and to use prenegotiated market prices in secondary market sales instead of net asset value.

Capital Group filed for its first ETFs in 2014 as fully nontransparent vehicles, and later licensed the Fidelity methodology because it allows for semitransparent funds.

However, the approval doesn't mean the issuer's first funds will use the Fidelity model. In a call with reporters in August to announce the filings, Capital Group Head of ETFs Holly Framsted said the first group of funds to launch will be [fully transparent](https://www.etf.com/sections/daily-etf-watch/capital-group-files-6-etfs?nopaging=1).

The six ETFs became effective with the SEC on Dec. 17, 2021, and Capital Group expects to launch the funds by the end of the first quarter of 2022.

TickerFundExpected SegmentsExpense Ratio**[CGCP](https://www.sec.gov/Archives/edgar/data/1870117/000005193121001061/cgcpn1aa.htm)****[Capital Group Core Plus Income ETF](https://www.sec.gov/Archives/edgar/data/1870117/000005193121001061/cgcpn1aa.htm)****Current Income/U.S. Treasuries &amp; Corporate Bonds****0.34%****[CGGO](https://www.sec.gov/Archives/edgar/data/1870116/000005193121001059/cggon1aa.htm)****[Capital Group Global Growth Equity ETF](https://www.sec.gov/Archives/edgar/data/1870116/000005193121001059/cggon1aa.htm)****Global Equities/Growth****0.47%****[CGCR](https://www.sec.gov/Archives/edgar/data/1870116/000005193121001059/cggon1aa.htm)****[Capital Group Growth ETF](https://www.sec.gov/Archives/edgar/data/1870116/000005193121001059/cggon1aa.htm)****Growth Equities, 75% U.S.****0.39%****[CGDV](https://www.sec.gov/Archives/edgar/data/1870128/000005193121001057/cgdvn1aa.htm)****[Capital Group Dividend Value ETF](https://www.sec.gov/Archives/edgar/data/1870128/000005193121001057/cgdvn1aa.htm)****Current Income/Equity Dividends****0.33%****[CGXU](https://www.sec.gov/Archives/edgar/data/1870130/000005193121001055/cgxun1aa.htm)****[Capital Group International Focus Equity ETF](https://www.sec.gov/Archives/edgar/data/1870130/000005193121001055/cgxun1aa.htm)****Growth Equity/ex-U.S.****0.54%****[CGUS](https://www.sec.gov/Archives/edgar/data/1870102/000005193121001054/cgusn1aa.htm)****[Capital Group Core Equity ETF](https://www.sec.gov/Archives/edgar/data/1870102/000005193121001054/cgusn1aa.htm)****U.S. Equity****0.33%***Contact Dan Mika at* [***dan.mika@etf.com***](mailto:dmika@etf.com)*, and follow him on* [***Twitter***](https://twitter.com/DanMikaTweets)



 

 

 [ Dan Mika ](/contributors/dan-mika) 

 

 

  Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in…   [View Bio](/contributors/dan-mika)

 



 

 


 Related Topics  [Active Management](http://www.etf.com/topics/active-management) 

 [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [Equity](http://www.etf.com/topics/equity)