Form N-CSRS Capital Group Central For: Apr 30

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June 30, 2022 1:23 PM EDT

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

Certified Shareholder Report of

Registered Management Investment Companies

Investment Company Act File Number: 811-23391

Capital Group Central Fund Series

(Exact Name of Registrant as Specified in Charter)

6455 Irvine Center Drive

Irvine, California 92618

(Address of Principal Executive Offices)

Registrant's telephone number, including area code: (949) 975-5000

Date of fiscal year end: October 31

Date of reporting period: April 30, 2022

Brian C. Janssen

Capital Group Central Fund Series

6455 Irvine Center Drive

Irvine, California 92618

(Name and Address of Agent for Service)

ITEM 1 – Reports to Stockholders

Capital Group Central Cash Fund^SM

Semi-annual report
for the six months ended
April 30, 2022

Seeking to generate
income while
preserving capital
and maintaining
liquidity

Capital Group Central Cash Fund seeks to provide income on cash reserves while preserving capital and maintaining liquidity. The fund is an institutional prime money market fund with a floating net asset value (NAV). This fund currently manages cash balances for (a) other funds, investment vehicles and accounts advised by the fund’s investment adviser and its affiliates and (b) the fund’s investment adviser and its affiliates.

Shares of the fund are restricted securities and cannot be transferred or resold without registration under the Securities Act of 1933, as amended (“1933 Act”), or an exemption from registration under the 1933 Act. This report does not constitute an offer to sell, or the solicitation of an offer to buy, any shares of the fund.

This fund is one of more than 40 offered by Capital Group, home of American Funds, one of the nation’s largest mutual fund families. For over 90 years, Capital Group has invested with a long-term focus based on thorough research and attention to risk.

Figures shown in this report are past results for Class M shares and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investment returns will vary.

You could lose money by investing in the fund. Because the share price of the fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell your shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Here are the average annual total returns on a $1,000 investment for the period ended March 31, 2022 (the most recent calendar quarter-end):

	1 year	3 years	Lifetime (since 2/22/19)

Class M shares	0.07%	0.78%	0.83%

Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Visit capitalgroup.com for more information.

The fund’s annualized seven-day yield for Class M shares as of April 30, 2022, calculated in accordance with the U.S. Securities and Exchange Commission (SEC) formula, was 0.47%. The annualized seven-day SEC yield more accurately reflects the fund’s current earnings than does the fund’s return.

The value of fixed income securities may be affected by changing interest rates and changes in credit ratings of the securities. Refer to the fund’s registration statement and the Risk Factors section of this report for more information on these and other risks associated with investing in the fund.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Fellow investors:

Results for Capital Group Central Cash Fund for the periods ended April 30, 2022, are shown in the table below, as well as results of the fund’s primary benchmark and peer group.

For additional information about the fund, its investment results, holdings and portfolio managers, visit capitalgroup.com/individual/investments/fund/cmqxx. You can also access information about Capital Group’s American Funds and read our insights about the markets, retirement, saving for college, investing fundamentals and more at capitalgroup.com.

Contents

1	Results at a glance

2	Investment portfolio

11	Financial statements

13	Notes to financial statements

18	Financial highlights

Results at a glance

For periods ended April 30, 2022, with all distributions reinvested

	Cumulative total returns						Average annual total returns
	6 months			1 year			3 years			Lifetime (since 2/22/19)

Capital Group Central Cash Fund (Class M shares)		0.09	%		0.09	%		0.72	%		0.82	%
3-month U.S. Treasury bill		0.16			0.18			0.63			0.79
Lipper Institutional Money Market Funds Average¹		0.01			0.02			0.57			0.67

Source: Refinitiv Lipper. Lipper averages reflect the current composition of all eligible mutual funds (all share classes) within a given category. Results for the Lipper averages do not reflect sales charges. Lipper categories are dynamic, and averages may have few funds, especially over the fund’s lifetime. To see the number of funds included in the Lipper category for each fund’s lifetime, please view the Quarterly Statistical Update at capitalgroup.com.


Capital Group Central Cash Fund	1

Investment portfolio April 30, 2022	unaudited

	Percent of net assets

Short-term securities:
U.S. Treasury bills	35.51	%
Commercial paper	31.07
Repurchase agreements	17.07
Federal agency bills & notes	14.64
Certificates of deposit	.07
Bonds, notes & other debt instruments:
U.S. Treasury bonds & notes	1.29
Other assets less liabilities	.35
	100.00	%


Short-term securities 98.36%	Weighted average yield at acquisition			Principal amount (000)		Value (000)
U.S. Treasury bills 35.51%
U.S. Treasury 5/3/2022		0.149	%	USD	2,385,000	$	2,384,993
U.S. Treasury 5/5/2022		0.185			1,861,900		1,861,869
U.S. Treasury 5/10/2022		0.191			2,161,400		2,161,328
U.S. Treasury 5/12/2022		0.204			2,811,900		2,811,830
U.S. Treasury 5/17/2022		0.229			3,059,900		3,059,620
U.S. Treasury 5/19/2022		0.241			2,060,300		2,060,066
U.S. Treasury 5/24/2022		0.283			3,739,400		3,738,486
U.S. Treasury 5/26/2022		0.304			3,186,800		3,186,056
U.S. Treasury 5/31/2022		0.352			3,722,300		3,721,251
U.S. Treasury 6/2/2022		0.309			1,800,000		1,799,473
U.S. Treasury 6/7/2022		0.379			1,715,130		1,714,474
U.S. Treasury 6/9/2022		0.374			1,246,000		1,245,421
U.S. Treasury 6/14/2022		0.418			2,950,000		2,948,483
U.S. Treasury 6/16/2022		0.378			1,270,000		1,269,286
U.S. Treasury 6/21/2022		0.444			2,863,450		2,861,379
U.S. Treasury 6/23/2022		0.493			2,300,000		2,298,007
U.S. Treasury 6/28/2022		0.543			150,000		149,848
U.S. Treasury 6/30/2022		0.544			1,150,000		1,148,662
U.S. Treasury 7/5/2022		0.510			700,000		699,134
U.S. Treasury 7/7/2022		0.672			1,600,000		1,597,815
U.S. Treasury 7/12/2022		0.536			300,000		299,558
U.S. Treasury 7/14/2022		0.708			1,550,000		1,547,517
U.S. Treasury 7/19/2022		0.671			600,000		598,954
U.S. Treasury 7/21/2022		0.818			2,200,000		2,195,991
U.S. Treasury 7/26/2022		0.678			300,000		299,418
U.S. Treasury 7/28/2022		0.861			350,000		349,306
U.S. Treasury 8/2/2022		0.882			2,328,800		2,323,297
U.S. Treasury 8/4/2022		0.855			700,000		698,337
U.S. Treasury 8/9/2022		0.943			590,000		588,468
U.S. Treasury 8/11/2022		0.700			1,050,000		1,047,113
U.S. Treasury 8/23/2022		1.025			1,050,000		1,046,565
U.S. Treasury 8/25/2022		0.622			600,000		597,968
U.S. Treasury 9/22/2022		0.901			500,000		497,815
							54,807,788

Commercial paper 31.07%
Amazon.com, Inc. 5/11/2022¹		0.385			50,000		49,992
Amazon.com, Inc. 5/13/2022¹		0.380			50,000		49,990
Amazon.com, Inc. 5/31/2022¹		0.400			50,000		49,972
Amazon.com, Inc. 6/6/2022¹		0.460			50,000		49,968
Amazon.com, Inc. 6/10/2022¹		0.500			75,000		74,948
Amazon.com, Inc. 6/13/2022¹		0.480			75,000		74,945
Amazon.com, Inc. 6/14/2022¹		0.620			150,000		149,887
Amazon.com, Inc. 6/15/2022¹		0.600			80,000		79,938


Capital Group Central Cash Fund	2

Short-term securities (continued)	Weighted average yield at acquisition			Principal amount (000)		Value (000)
Commercial paper (continued)
Amazon.com, Inc. 7/6/2022¹		0.650	%	USD	50,000	$	49,937
Amazon.com, Inc. 7/8/2022¹		0.663			150,000		149,802
Amazon.com, Inc. 7/11/2022¹		0.670			100,000		99,858
Amazon.com, Inc. 7/12/2022¹		0.800			50,000		49,927
Amazon.com, Inc. 7/13/2022¹		0.800			50,000		49,926
Amazon.com, Inc. 7/14/2022¹		0.800			46,500		46,429
Amazon.com, Inc. 8/1/2022¹		0.900			50,000		49,887
Amazon.com, Inc. 8/3/2022¹		0.929			120,000		119,715
Amazon.com, Inc. 8/5/2022¹		0.950			50,000		49,876
ANZ New Zealand (International), Ltd. 6/30/2022¹		0.920			150,000		149,737
ANZ New Zealand (International), Ltd. 7/5/2022¹		0.870			200,000		199,610
ANZ New Zealand (International), Ltd. 7/11/2022¹		0.940			200,000		199,559
Apple, Inc. 5/2/2022¹		0.340			75,000		74,998
Apple, Inc. 5/3/2022¹		0.380			191,166		191,159
Apple, Inc. 5/4/2022¹		0.380			20,000		19,999
Apple, Inc. 5/5/2022¹		0.340			95,000		94,994
Apple, Inc. 5/9/2022¹		0.380			100,000		99,988
Apple, Inc. 5/11/2022¹		0.380			90,000		89,987
Apple, Inc. 5/12/2022¹		0.387			95,000		94,984
Apple, Inc. 5/18/2022¹		0.400			100,000		99,972
Apple, Inc. 6/2/2022¹		0.560			150,000		149,911
Apple, Inc. 6/15/2022¹		0.660			40,000		39,963
Apple, Inc. 8/1/2022¹		1.000			183,500		183,046
Army and Air Force Exchange Service 5/11/2022¹		0.450			37,000		36,994
Atlantic Asset Securitization, LLC 5/17/2022¹		0.534			50,000		49,984
Atlantic Asset Securitization, LLC 5/31/2022¹		0.730			89,000		88,942
Australia & New Zealand Banking Group, Ltd. 5/4/2022¹		0.346			100,000		99,995
Australia & New Zealand Banking Group, Ltd. 5/6/2022¹		0.400			40,000		39,997
Australia & New Zealand Banking Group, Ltd. 5/9/2022¹		0.346			100,000		99,988
Australia & New Zealand Banking Group, Ltd. 6/15/2022¹		0.600			140,000		139,841
Australia & New Zealand Banking Group, Ltd. 6/23/2022¹		0.860			48,500		48,429
Australia & New Zealand Banking Group, Ltd. 7/8/2022¹		0.900			100,000		99,792
Australia & New Zealand Banking Group, Ltd. 7/11/2022¹		0.936			375,000		374,173
Australia & New Zealand Banking Group, Ltd. 7/18/2022¹		1.000			50,000		49,874
Australia & New Zealand Banking Group, Ltd. 7/19/2022¹		0.974			50,000		49,872
Australia & New Zealand Banking Group, Ltd. 7/20/2022¹		1.058			50,000		49,870
Australia & New Zealand Banking Group, Ltd. 8/26/2022¹		1.408			60,000		59,729
Bank of Montreal 6/15/2022¹		0.620			66,300		66,228
Bank of Montreal 7/8/2022¹		0.900			300,000		299,431
Bank of Montreal 7/13/2022¹		0.900			125,000		124,738
Bank of Montreal 7/18/2022		0.950			350,000		349,195
Bank of Montreal 7/20/2022		0.950			300,000		299,284
Bank of Montreal 7/20/2022¹		0.950			75,000		74,821
Bank of Montreal 7/29/2022¹		1.000			300,000		299,161
Bank of Montreal 8/22/2022		1.320			100,000		99,565
Banque et Caisse d’Epargne de L’Etat 6/1/2022		0.200			50,000		49,966
Banque et Caisse d’Epargne de L’Etat 7/13/2022		0.950			70,000		69,848
Banque et Caisse d’Epargne de L’Etat 7/15/2022		0.940			50,000		49,887
Banque et Caisse d’Epargne de L’Etat 7/20/2022		0.990			75,000		74,812
Banque et Caisse d’Epargne de L’Etat 8/9/2022		1.120			75,000		74,730
BNG Bank NV 5/2/2022¹		0.300			140,000		139,996
BNG Bank NV 5/3/2022¹		0.404			200,000		199,992
BNG Bank NV 5/23/2022¹		0.601			150,000		149,932
BNG Bank NV 5/31/2022¹		0.737			200,000		199,869
BNG Bank NV 6/6/2022¹		0.602			200,000		199,837
BNP Paribas, New York Branch 5/2/2022¹		0.378			250,000		249,992
BNP Paribas, New York Branch 5/4/2022¹		0.345			100,000		99,994
BNP Paribas, New York Branch 5/5/2022		0.240			50,000		49,997
BNP Paribas, New York Branch 5/10/2022¹		0.413			200,000		199,970
BNP Paribas, New York Branch 5/11/2022¹		0.445			100,000		99,983
BNP Paribas, New York Branch 5/16/2022¹		0.525			200,000		199,947
BofA Securities, Inc. 5/16/2022¹		0.600			100,000		99,970
British Columbia (Province of) 5/3/2022		0.460			10,750		10,750
British Columbia (Province of) 5/5/2022		0.460			24,500		24,499
British Columbia (Province of) 5/9/2022		0.370			37,375		37,371
British Columbia (Province of) 6/21/2022		0.750			61,400		61,332


Capital Group Central Cash Fund	3

Short-term securities (continued)	Weighted average yield at acquisition			Principal amount (000)		Value (000)
Commercial paper (continued)
British Columbia (Province of) 7/13/2022		0.760	%	USD	124,000	$	123,763
British Columbia (Province of) 7/15/2022		0.760			40,000		39,920
British Columbia (Province of) 7/28/2022		1.150			59,500		59,347
CAFCO, LLC 6/15/2022¹		0.950			75,000		74,913
CAFCO, LLC 6/22/2022¹		0.950			75,000		74,895
CAFCO, LLC 6/23/2022¹		0.950			50,000		49,927
Caisse d’Amortissement de la Dette Sociale 5/9/2022		0.346			200,000		199,973
Caisse d’Amortissement de la Dette Sociale 5/23/2022		0.577			350,000		349,837
Caisse d’Amortissement de la Dette Sociale 6/1/2022		0.669			75,000		74,946
Caisse d’Amortissement de la Dette Sociale 6/8/2022		0.750			100,000		99,908
Caisse d’Amortissement de la Dette Sociale 6/13/2022		0.790			32,000		31,966
Caisse d’Amortissement de la Dette Sociale 6/21/2022		0.900			77,500		77,398
Caisse d’Amortissement de la Dette Sociale 6/27/2022		0.945			175,000		174,733
Caisse d’Amortissement de la Dette Sociale 6/28/2022		1.000			173,300		173,030
Caisse d’Amortissement de la Dette Sociale 7/21/2022		1.118			150,000		149,581
Caisse des Dépôts et Consignations 6/10/2022		0.709			100,000		99,903
Caisse des Dépôts et Consignations 6/22/2022		0.763			300,000		299,575
Canada Bill 5/10/2022		0.350			100,000		99,987
Canadian Imperial Bank of Commerce 5/16/2022¹		0.249			50,000		49,987
Canadian Imperial Holdings, Inc. 5/4/2022¹		0.320			200,000		199,988
Chariot Funding, LLC 5/2/2022¹		0.310			50,000		49,999
Chariot Funding, LLC 5/5/2022¹		0.360			50,000		49,997
Chariot Funding, LLC 6/3/2022¹		0.700			19,000		18,985
CHARTA, LLC 5/2/2022¹		0.300			50,000		49,999
CHARTA, LLC 5/23/2022¹		0.750			100,000		99,954
CHARTA, LLC 5/25/2022¹		0.750			98,000		97,949
CHARTA, LLC 6/22/2022¹		0.950			100,000		99,859
Citigroup Global Markets, Inc. 6/15/2022¹		0.750			20,000		19,974
Coca-Cola Co. 5/2/2022¹		0.350			150,000		149,996
Coca-Cola Co. 5/19/2022¹		0.510			144,000		143,957
Colgate-Palmolive Co. 5/4/2022¹		0.390			75,000		74,996
Commonwealth Bank of Australia 5/16/2022¹		0.198			50,000		49,985
Commonwealth Bank of Australia 7/11/2022¹		0.890			150,000		149,686
Commonwealth Bank of Australia 7/12/2022¹		0.843			150,000		149,678
Coöperatieve Rabobank UA 5/4/2022		0.330			250,000		249,988
Coöperatieve Rabobank UA 5/9/2022		0.395			250,000		249,970
Coöperatieve Rabobank UA 5/13/2022		0.510			250,000		249,954
CRC Funding, LLC 5/6/2022¹		0.240			25,000		24,998
CRC Funding, LLC 5/16/2022¹		0.650			15,500		15,495
Crédit Agricole Corporate and Investment Bank, New York Branch 5/2/2022		0.310			300,000		299,992
Crédit Agricole Corporate and Investment Bank, New York Branch 5/6/2022		0.310			13,200		13,199
Crédit Agricole Corporate and Investment Bank, New York Branch 5/11/2022		0.440			150,000		149,977
Crédit Agricole Corporate and Investment Bank, New York Branch 5/16/2022		0.490			150,000		149,963
Crédit Agricole Corporate and Investment Bank, New York Branch 5/18/2022		0.570			100,000		99,971
Crédit Agricole Corporate and Investment Bank, New York Branch 5/23/2022		0.556			250,000		249,900
Crédit Agricole Corporate and Investment Bank, New York Branch 5/25/2022		0.505			100,000		99,955
Crédit Agricole Corporate and Investment Bank, New York Branch 6/13/2022		0.680			100,000		99,836
Crédit Agricole Corporate and Investment Bank, New York Branch 6/23/2022		0.900			75,000		74,916
Crédit Agricole Corporate and Investment Bank, New York Branch 7/5/2022		0.865			75,000		74,886
DBS Bank, Ltd. 5/4/2022¹		0.326			69,000		68,996
DBS Bank, Ltd. 5/6/2022¹		0.380			269,000		268,977
DBS Bank, Ltd. 5/23/2022¹		0.650			100,000		99,953
DBS Bank, Ltd. 6/1/2022¹		0.700			20,000		19,986
DBS Bank, Ltd. 6/23/2022¹		0.890			87,000		86,880
DBS Bank, Ltd. 7/26/2022¹		1.197			100,000		99,705
DNB Bank ASA 5/5/2022¹		0.315			50,000		49,997


Capital Group Central Cash Fund	4

Short-term securities (continued)	Weighted average yield at acquisition			Principal amount (000)		Value (000)
Commercial paper (continued)
DNB Bank ASA 5/9/2022¹		0.375	%	USD	50,000	$	49,994
DNB Bank ASA 5/10/2022¹		0.400			150,000		149,979
DNB Bank ASA 5/11/2022¹		0.500			18,900		18,897
DNB Bank ASA 5/19/2022¹		0.450			75,000		74,976
DNB Bank ASA 6/1/2022¹		0.240			100,000		99,935
DNB Bank ASA 6/3/2022¹		0.555			200,100		199,957
DNB Bank ASA 6/9/2022¹		0.630			50,000		49,955
DNB Bank ASA 6/13/2022¹		0.635			125,000		124,870
DNB Bank ASA 6/21/2022¹		0.755			50,000		49,933
DNB Bank ASA 6/29/2022¹		0.695			550,000		549,078
DNB Bank ASA 6/30/2022¹		0.680			150,000		149,743
Eli Lilly and Co. 5/5/2022¹		0.350			100,000		99,994
Eli Lilly and Co. 5/18/2022¹		0.400			200,000		199,943
Equinor ASA 5/2/2022¹		0.340			733,450		733,427
EssilorLuxottica 5/10/2022¹		0.396			50,000		49,993
EssilorLuxottica 5/16/2022¹		0.445			40,000		39,990
EssilorLuxottica 5/24/2022¹		0.630			42,000		41,983
European Investment Bank 7/1/2022		0.914			250,000		249,600
European Investment Bank 7/21/2022		0.950			250,000		249,426
European Investment Bank 7/25/2022		0.949			250,000		249,383
Export Development Canada 5/6/2022		0.343			290,000		289,979
Export Development Canada 5/9/2022		0.368			205,000		204,976
Export Development Canada 5/10/2022		0.365			30,000		29,996
Export Development Canada 6/14/2022		0.745			100,000		99,910
Export Development Canada 6/17/2022		0.750			100,000		99,902
Export Development Canada 6/21/2022		0.770			50,000		49,945
Export Development Canada 6/22/2022		0.760			200,000		199,775
Export Development Canada 6/27/2022		0.790			50,000		49,936
Export Development Canada 7/5/2022		0.900			100,000		99,844
Export Development Canada 7/6/2022		0.930			200,000		199,681
Export Development Canada 7/11/2022		0.850			50,000		49,910
Export Development Canada 7/19/2022		0.940			100,000		99,788
Export Development Canada 7/20/2022		0.906			180,000		179,610
ExxonMobil Corp. 5/2/2022		0.300			125,000		124,997
ExxonMobil Corp. 5/6/2022		0.310			100,000		99,993
Fairway Finance Co. LLC 5/26/2022¹		0.550			50,000		49,972
FMS Wertmanagement 5/13/2022¹		0.494			100,000		99,978
FMS Wertmanagement 5/18/2022¹		0.500			75,000		74,975
FMS Wertmanagement 5/20/2022¹		0.500			65,000		64,975
FMS Wertmanagement 5/23/2022¹		0.530			50,000		49,977
FMS Wertmanagement 7/14/2022¹		0.980			50,000		49,880
FMS Wertmanagement 7/28/2022¹		1.230			50,000		49,846
Gotham Funding Corp. 5/16/2022¹		0.700			14,970		14,965
Gotham Funding Corp. 6/1/2022¹		0.700			50,000		49,964
Gotham Funding Corp. 7/6/2022¹		1.020			75,000		74,842
Gotham Funding Corp. 7/15/2022¹		1.080			66,700		66,527
Gotham Funding Corp. 7/18/2022¹		1.100			100,000		99,724
Gotham Funding Corp. 7/25/2022¹		1.200			75,000		74,762
Henkel of America, Inc. 6/2/2022¹		0.650			43,000		42,969
Hydro-Québec 5/4/2022¹		0.310			100,000		99,995
Hydro-Québec 5/5/2022¹		0.350			350,000		349,979
Hydro-Québec 5/6/2022¹		0.330			350,000		349,974
Hydro-Québec 5/10/2022¹		0.350			200,000		199,973
Hydro-Québec 5/11/2022¹		0.330			150,000		149,977
Hydro-Québec 5/19/2022¹		0.550			50,000		49,985
Hydro-Québec 5/24/2022¹		0.620			50,000		49,980
ING (U.S.) Funding, LLC 5/3/2022¹		0.350			105,000		104,996
ING (U.S.) Funding, LLC 5/4/2022¹		0.343			291,000		290,984
ING (U.S.) Funding, LLC 5/6/2022		0.330			150,000		149,988
ING (U.S.) Funding, LLC 5/9/2022		0.350			150,000		149,980
ING (U.S.) Funding, LLC 6/7/2022		0.900			100,000		99,915
ING (U.S.) Funding, LLC 8/1/2022		1.250			150,000		149,484
ING (U.S.) Funding, LLC 8/4/2022¹		1.190			75,000		74,729
ING (U.S.) Funding, LLC 8/5/2022¹		1.250			100,000		99,633
International Bank for Reconstruction and Development 6/13/2022		0.600			150,000		149,907
KfW 5/2/2022¹		0.410			75,000		74,998


Capital Group Central Cash Fund	5

Short-term securities (continued)	Weighted average yield at acquisition			Principal amount (000)		Value (000)
Commercial paper (continued)
KfW 5/4/2022¹		0.400	%	USD	250,000	$	249,986
KfW 5/6/2022¹		0.350			50,000		49,996
KfW 5/11/2022¹		0.490			75,000		74,989
KfW 5/12/2022¹		0.469			150,000		149,976
KfW 5/26/2022¹		0.520			50,000		49,979
KfW 6/27/2022¹		0.807			135,000		134,805
KfW 7/6/2022¹		0.855			116,000		115,816
KfW 7/22/2022¹		1.050			60,000		59,840
KfW 7/25/2022¹		0.980			50,000		49,858
Komatsu Finance America, Inc. 5/13/2022¹		0.500			40,000		39,992
Liberty Street Funding, LLC 5/2/2022¹		0.320			50,000		49,999
Liberty Street Funding, LLC 5/10/2022¹		0.380			50,000		49,992
Liberty Street Funding, LLC 5/16/2022¹		0.500			150,000		149,956
Liberty Street Funding, LLC 5/18/2022¹		0.500			50,000		49,983
Liberty Street Funding, LLC 5/19/2022¹		0.500			50,000		49,982
Liberty Street Funding, LLC 6/27/2022¹		0.980			50,000		49,920
Liberty Street Funding, LLC 6/29/2022¹		0.980			50,000		49,916
Liberty Street Funding, LLC 6/30/2022¹		0.980			50,000		49,914
Liberty Street Funding, LLC 7/25/2022¹		1.200			50,000		49,852
Linde, Inc. 5/2/2022		0.321			139,800		139,796
LMA-Americas, LLC 5/16/2022¹		0.550			50,000		49,984
LMA-Americas, LLC 6/3/2022¹		0.660			47,000		46,963
Longship Funding, LLC 5/4/2022¹		0.360			200,000		199,988
Longship Funding, LLC 5/6/2022¹		0.370			576,000		575,947
Longship Funding, LLC 5/9/2022¹		0.416			175,000		174,974
Longship Funding, LLC 5/11/2022¹		0.420			50,000		49,990
Longship Funding, LLC 5/16/2022¹		0.600			140,000		139,956
Longship Funding, LLC 5/18/2022¹		0.580			75,000		74,973
Longship Funding, LLC 5/23/2022¹		0.670			75,000		74,962
Longship Funding, LLC 6/6/2022¹		0.620			150,000		149,854
LVMH Moët Hennessy Louis Vuitton, Inc. 5/12/2022¹		0.551			25,000		24,996
LVMH Moët Hennessy Louis Vuitton, Inc. 5/16/2022¹		0.470			66,000		65,983
LVMH Moët Hennessy Louis Vuitton, Inc. 5/18/2022¹		0.485			66,250		66,230
LVMH Moët Hennessy Louis Vuitton, Inc. 6/16/2022¹		0.700			50,000		49,950
LVMH Moët Hennessy Louis Vuitton, Inc. 6/21/2022¹		0.720			11,100		11,087
LVMH Moët Hennessy Louis Vuitton, Inc. 6/22/2022¹		0.760			52,350		52,288
LVMH Moët Hennessy Louis Vuitton, Inc. 6/24/2022¹		0.800			35,000		34,956
Manhattan Asset Funding Company, LLC 5/4/2022¹		0.280			75,000		74,996
Manhattan Asset Funding Company, LLC 5/9/2022¹		0.310			100,000		99,987
Manhattan Asset Funding Company, LLC 5/20/2022¹		0.550			30,000		29,988
Manhattan Asset Funding Company, LLC 5/25/2022¹		0.500			100,000		99,952
Manhattan Asset Funding Company, LLC 7/5/2022¹		0.950			50,000		49,907
Mizuho Bank, Ltd. 5/2/2022¹		0.285			200,000		199,994
Mizuho Bank, Ltd. 5/5/2022¹		0.325			200,000		199,987
Mizuho Bank, Ltd. 5/9/2022¹		0.345			200,000		199,975
Mizuho Bank, Ltd. 5/24/2022¹		0.250			75,000		74,967
Mizuho Bank, Ltd. 5/27/2022¹		0.498			125,000		124,936
Mizuho Bank, Ltd. 6/6/2022¹		0.640			150,000		149,878
Mizuho Bank, Ltd. 6/9/2022¹		0.645			100,000		99,909
Mizuho Bank, Ltd. 6/15/2022¹		0.845			50,000		49,944
Mizuho Bank, Ltd. 7/11/2022¹		0.975			100,000		99,775
Mizuho Bank, Ltd. 7/18/2022¹		1.026			275,000		274,286
Mizuho Bank, Ltd. 7/21/2022¹		1.145			50,000		49,862
Mizuho Bank, Ltd. 7/22/2022¹		0.995			75,000		74,789
Mizuho Bank, Ltd. 7/25/2022¹		1.175			50,000		49,852
National Australia Bank, Ltd. 7/11/2022¹		0.898			671,000		669,570
National Australia Bank, Ltd. 7/18/2022¹		0.900			600,000		598,487
National Australia Bank, Ltd. 7/19/2022¹		0.950			75,000		74,806
National Australia Bank, Ltd. 7/25/2022¹		0.940			275,000		274,190
Nederlandse Waterschapsbank NV 5/9/2022¹		0.364			500,000		499,930
Nederlandse Waterschapsbank NV 7/25/2022¹		1.127			250,000		249,275
Nederlandse Waterschapsbank NV 7/28/2022¹		1.208			90,000		89,728
Nestlé Capital Corp. 5/19/2022¹		0.520			60,000		59,982
Nestlé Finance International, Ltd. 5/3/2022¹		0.350			86,300		86,297
Nestlé Finance International, Ltd. 5/12/2022¹		0.400			150,000		149,974
Nestlé Finance International, Ltd. 5/13/2022¹		0.600			42,000		41,990


Capital Group Central Cash Fund	6

Short-term securities (continued)	Weighted average yield at acquisition			Principal amount (000)		Value (000)
Commercial paper (continued)
Nestlé Finance International, Ltd. 5/17/2022¹		0.500	%	USD	75,000	$	74,980
Nestlé Finance International, Ltd. 5/18/2022¹		0.580			86,200		86,175
Nestlé Finance International, Ltd. 5/25/2022¹		0.600			107,000		106,954
Nestlé Finance International, Ltd. 5/26/2022¹		0.650			41,000		40,981
Nestlé Finance International, Ltd. 5/31/2022¹		0.640			130,200		130,126
Nordea Bank AB 6/21/2022¹		0.855			300,000		299,626
Nordea Bank AB 6/28/2022¹		0.715			50,000		49,922
Novartis Finance Corp. 5/9/2022¹		0.380			99,700		99,688
Novartis Finance Corp. 6/6/2022¹		0.590			200,000		199,859
Novartis Finance Corp. 6/10/2022¹		0.590			100,000		99,919
NRW.Bank 5/3/2022¹		0.410			250,000		249,988
NRW.Bank 5/4/2022¹		0.410			250,000		249,983
NRW.Bank 5/5/2022¹		0.311			200,000		199,983
NRW.Bank 5/6/2022¹		0.342			300,000		299,968
NRW.Bank 6/3/2022¹		0.695			193,000		192,870
Oesterreich Kontrollbank 5/6/2022		0.310			193,000		192,984
Oesterreich Kontrollbank 6/27/2022		0.820			50,000		49,928
Old Line Funding, LLC 5/11/2022¹		0.342			100,000		99,982
Old Line Funding, LLC 5/12/2022¹		0.300			30,000		29,994
Old Line Funding, LLC 5/24/2022¹		0.520			80,000		79,961
Old Line Funding, LLC 6/8/2022¹		0.600			59,800		59,744
Old Line Funding, LLC 7/6/2022¹		0.870			15,000		14,975
Ontario (Province of) 5/5/2022		0.300			150,000		149,991
Ontario (Province of) 6/8/2022		0.700			200,000		199,844
Ontario (Province of) 7/25/2022		0.940			200,000		199,523
Ontario (Province of) 7/27/2022		0.970			125,000		124,690
PepsiCo, Inc. 5/9/2022¹		0.443			50,000		49,994
PepsiCo, Inc. 6/13/2022¹		0.510			50,000		49,956
Procter & Gamble Co. 5/3/2022¹		0.210			200,000		199,993
Procter & Gamble Co. 5/5/2022¹		0.220			28,000		27,998
Procter & Gamble Co. 7/18/2022¹		0.860			150,000		149,695
Procter & Gamble Co. 7/19/2022¹		0.860			150,000		149,689
Prudential Funding, LLC 5/2/2022		0.350			40,000		39,999
Prudential Funding, LLC 5/4/2022		0.350			25,000		24,999
Québec (Province of) 5/6/2022¹		0.320			100,000		99,993
Québec (Province of) 5/12/2022¹		0.390			150,000		149,975
Québec (Province of) 6/1/2022¹		0.573			150,000		149,913
Roche Holdings, Inc. 5/2/2022¹		0.310			120,000		119,997
Roche Holdings, Inc. 5/9/2022¹		0.450			43,000		42,995
Royal Bank of Canada 6/15/2022¹		1.000			100,000		99,889
Royal Bank of Canada 6/22/2022¹		0.720			156,000		155,769
Sanofi 6/27/2022¹		0.722			515,000		514,334
Sanofi 6/29/2022¹		0.730			250,000		249,660
Siemens Capital Co., LLC 5/3/2022¹		0.320			35,000		34,999
Siemens Capital Co., LLC 5/6/2022¹		0.300			100,000		99,993
Siemens Capital Co., LLC 5/10/2022¹		0.346			100,000		99,987
Siemens Capital Co., LLC 6/21/2022¹		0.690			200,000		199,781
Siemens Capital Co., LLC 7/1/2022¹		0.760			100,000		99,860
Société Générale 5/2/2022¹		0.205			75,000		74,998
Starbird Funding Corp. 5/2/2022¹		0.320			200,000		199,995
Starbird Funding Corp. 5/4/2022¹		0.320			80,000		79,996
Starbird Funding Corp. 5/6/2022¹		0.317			50,000		49,996
Starbird Funding Corp. 5/10/2022¹		0.360			50,000		49,992
Starbird Funding Corp. 5/12/2022¹		0.500			100,000		99,980
Sumitomo Mitsui Banking Corp. 6/15/2022¹		0.905			75,000		74,898
Sumitomo Mitsui Banking Corp. 6/21/2022¹		0.828			450,000		449,235
Sumitomo Mitsui Banking Corp. 6/23/2022¹		0.800			200,000		199,636
Sumitomo Mitsui Banking Corp. 6/27/2022¹		0.800			200,000		199,585
Sumitomo Mitsui Banking Corp. 6/30/2022¹		0.796			100,000		99,778
Sumitomo Mitsui Banking Corp. 7/1/2022¹		0.774			50,000		49,887
Sumitomo Mitsui Banking Corp. 7/5/2022¹		0.800			100,000		99,759
Sumitomo Mitsui Banking Corp. 7/6/2022¹		0.800			75,000		74,816
Sumitomo Mitsui Trust Bank, Ltd. 5/6/2022¹		0.370			100,000		99,993
Sumitomo Mitsui Trust Bank, Ltd. 5/13/2022¹		0.450			40,000		39,992
Sumitomo Mitsui Trust Bank, Ltd. 5/16/2022¹		0.680			100,000		99,975
Sumitomo Mitsui Trust Bank, Ltd. 5/18/2022¹		0.680			50,000		49,985


Capital Group Central Cash Fund	7

Short-term securities (continued)	Weighted average yield at acquisition			Principal amount (000)		Value (000)
Commercial paper (continued)
Sumitomo Mitsui Trust Bank, Ltd. 5/19/2022¹		0.660	%	USD	75,000	$	74,977
Sumitomo Mitsui Trust Bank, Ltd. 5/23/2022¹		0.675			325,000		324,867
Sumitomo Mitsui Trust Bank, Ltd. 5/27/2022¹		0.679			50,000		49,974
Sumitomo Mitsui Trust Bank, Ltd. 6/1/2022¹		0.710			75,000		74,951
Sumitomo Mitsui Trust Bank, Ltd. 6/22/2022¹		0.815			200,000		199,711
Sumitomo Mitsui Trust Bank, Ltd. 6/27/2022¹		0.870			250,000		249,581
Sumitomo Mitsui Trust Bank, Ltd. 7/19/2022¹		1.040			225,000		224,395
Sumitomo Mitsui Trust Bank, Ltd. 7/20/2022¹		1.080			200,000		199,452
Suncorp Metway, Ltd. 7/13/2022¹		1.020			50,000		49,867
Svenska Handelsbanken, Inc. 5/2/2022¹		0.200			50,000		49,999
Svenska Handelsbanken, Inc. 5/31/2022¹		0.260			50,000		49,970
Svenska Handelsbanken, Inc. 6/2/2022¹		0.300			50,000		49,967
Svenska Handelsbanken, Inc. 7/5/2022¹		0.880			150,000		149,720
Swedish Export Credit Corp. 5/4/2022		0.316			200,000		199,990
Swedish Export Credit Corp. 5/5/2022		0.491			100,000		99,994
Swedish Export Credit Corp. 5/17/2022		0.497			50,000		49,987
Swedish Export Credit Corp. 5/23/2022		0.482			150,000		149,943
Swedish Export Credit Corp. 6/27/2022		0.717			100,000		99,872
Target Corp. 5/9/2022¹		0.350			72,200		72,193
Thunder Bay Funding, LLC 5/11/2022¹		0.346			50,000		49,991
Thunder Bay Funding, LLC 5/16/2022¹		0.350			75,000		74,978
Thunder Bay Funding, LLC 6/6/2022¹		0.750			50,000		49,958
Thunder Bay Funding, LLC 6/16/2022¹		0.600			68,663		68,583
Thunder Bay Funding, LLC 7/6/2022¹		0.870			75,000		74,877
Toronto-Dominion Bank 5/11/2022¹		0.350			300,000		299,953
Toronto-Dominion Bank 5/16/2022¹		0.249			50,000		49,987
Toronto-Dominion Bank 6/28/2022¹		0.840			200,000		199,668
Toronto-Dominion Bank 6/30/2022¹		1.000			100,000		99,826
Toronto-Dominion Bank 7/6/2022¹		0.840			300,000		299,401
Toronto-Dominion Bank 7/7/2022¹		0.840			75,000		74,847
Toronto-Dominion Bank 7/18/2022¹		0.900			250,000		249,362
Toronto-Dominion Bank 7/19/2022¹		0.941			141,740		141,371
Toronto-Dominion Bank 7/25/2022¹		1.050			250,000		249,274
Toyota Credit Canada, Inc. 8/15/2022		1.230			50,000		49,787
Toyota Credit Canada, Inc. 8/29/2022		1.500			100,000		99,488
Toyota Industries Commercial Finance, Inc. 5/6/2022¹		0.355			40,000		39,996
Toyota Industries Commercial Finance, Inc. 5/9/2022¹		0.410			8,400		8,399
Toyota Industries Commercial Finance, Inc. 6/22/2022¹		0.800			25,000		24,966
Toyota Motor Credit Corp. 5/16/2022		0.820			45,000		44,986
Toyota Motor Credit Corp. 5/18/2022		0.800			100,000		99,963
Toyota Motor Credit Corp. 5/19/2022		0.800			75,000		74,970
Toyota Motor Credit Corp. 6/9/2022		0.750			300,000		299,719
United Overseas Bank, Ltd. 7/26/2022¹		1.187			150,000		149,565
Victory Receivables Corp. 5/2/2022¹		0.339			260,000		259,992
Victory Receivables Corp. 5/3/2022¹		0.320			100,000		99,996
Victory Receivables Corp. 5/5/2022¹		0.330			10,000		9,999
Victory Receivables Corp. 5/9/2022¹		0.540			64,185		64,176
Victory Receivables Corp. 5/11/2022¹		0.750			25,000		24,996
Victory Receivables Corp. 5/13/2022¹		0.510			64,750		64,736
Victory Receivables Corp. 6/14/2022¹		0.760			75,000		74,910
Victory Receivables Corp. 6/21/2022¹		0.950			75,000		74,889
Victory Receivables Corp. 6/22/2022¹		0.950			50,000		49,924
Victory Receivables Corp. 6/30/2022¹		1.000			25,000		24,953
Victory Receivables Corp. 7/1/2022¹		1.000			150,000		149,712
Victory Receivables Corp. 7/6/2022¹		1.030			75,000		74,839
Victory Receivables Corp. 7/7/2022¹		0.980			50,000		49,890
Victory Receivables Corp. 7/14/2022¹		1.040			100,000		99,746
Victory Receivables Corp. 7/22/2022¹		1.200			75,000		74,778
Wal-Mart Stores, Inc. 5/2/2022¹		0.332			241,200		241,193
Wal-Mart Stores, Inc. 5/3/2022¹		0.357			150,000		149,994
Wal-Mart Stores, Inc. 5/4/2022¹		0.360			100,000		99,995
Wal-Mart Stores, Inc. 5/9/2022¹		0.356			278,150		278,116
Wal-Mart Stores, Inc. 5/23/2022¹		0.600			151,250		151,192


Capital Group Central Cash Fund	8

Short-term securities (continued)	Weighted average yield at acquisition			Principal amount (000)		Value (000)
Commercial paper (continued)
Wal-Mart Stores, Inc. 6/6/2022¹		0.652	%	USD	230,000	$	229,840
Westpac Banking Corp. 6/6/2022¹		0.300			50,000		49,958
Westpac Banking Corp. 7/15/2022¹		0.970			22,000		21,948
							47,951,237

Repurchase agreements 17.07%
Overnight repurchase agreements*					26,350,000		26,350,000

Federal agency bills & notes 14.64%
Discount bills & notes 14.42%
Federal Farm Credit Banks 5/3/2022		0.230			25,000		25,000
Federal Farm Credit Banks 5/25/2022		0.425			95,500		95,474
Federal Farm Credit Banks 6/27/2022		0.500			230,000		229,745
Federal Home Loan Bank 5/2/2022		0.238			437,000		437,000
Federal Home Loan Bank 5/3/2022		0.213			100,000		99,999
Federal Home Loan Bank 5/4/2022		0.222			438,525		438,516
Federal Home Loan Bank 5/5/2022		0.240			100,000		99,997
Federal Home Loan Bank 5/6/2022		0.251			375,000		374,985
Federal Home Loan Bank 5/11/2022		0.314			30,000		29,997
Federal Home Loan Bank 5/13/2022		0.310			750,000		749,915
Federal Home Loan Bank 5/16/2022		0.320			300,000		299,956
Federal Home Loan Bank 5/17/2022		0.293			300,000		299,953
Federal Home Loan Bank 5/18/2022		0.305			135,000		134,977
Federal Home Loan Bank 5/20/2022		0.300			196,700		196,661
Federal Home Loan Bank 5/23/2022		0.302			1,200,000		1,199,720
Federal Home Loan Bank 5/24/2022		0.330			99,800		99,776
Federal Home Loan Bank 5/25/2022		0.332			428,600		428,488
Federal Home Loan Bank 5/26/2022		0.365			500,000		499,864
Federal Home Loan Bank 5/27/2022		0.363			2,007,000		2,006,429
Federal Home Loan Bank 5/31/2022		0.342			700,000		699,780
Federal Home Loan Bank 6/1/2022		0.382			770,327		770,077
Federal Home Loan Bank 6/3/2022		0.434			900,000		899,688
Federal Home Loan Bank 6/6/2022		0.370			36,900		36,884
Federal Home Loan Bank 6/7/2022		0.504			230,000		229,896
Federal Home Loan Bank 6/8/2022		0.572			339,400		339,243
Federal Home Loan Bank 6/10/2022		0.478			610,000		609,663
Federal Home Loan Bank 6/13/2022		0.548			275,000		274,836
Federal Home Loan Bank 6/14/2022		0.400			450,000		449,693
Federal Home Loan Bank 6/15/2022		0.556			1,046,400		1,045,669
Federal Home Loan Bank 6/17/2022		0.552			2,814,700		2,812,645
Federal Home Loan Bank 6/22/2022		0.630			1,938,300		1,936,565
Federal Home Loan Bank 6/24/2022		0.711			623,700		623,064
Federal Home Loan Bank 6/27/2022		0.660			847,500		846,587
Federal Home Loan Bank 6/29/2022		0.596			450,000		449,498
Federal Home Loan Bank 6/30/2022		0.745			250,000		249,679
Federal Home Loan Bank 7/1/2022		0.617			595,000		594,314
Federal Home Loan Bank 7/8/2022		0.698			138,500		138,314
Federal Home Loan Bank 7/11/2022		0.770			888,700		887,395
Federal Home Loan Bank 7/25/2022		0.840			200,000		199,603
Federal Home Loan Bank 7/27/2022		0.889			69,000		68,860
Federal Home Loan Bank 7/28/2022		0.870			95,600		95,404
Federal Home Loan Bank 12/8/2022		1.576			250,000		247,559
							22,251,368


Capital Group Central Cash Fund	9

Short-term securities (continued)	Coupon rate			Principal amount (000)		Value (000)
Interest bearing bills & notes 0.22%
Federal Home Loan Bank (USD-SOFR + 0.01%) 8/2/2022²		0.290	%	USD	100,000	$	100,044
Federal Home Loan Bank (USD-SOFR + 0.01%) 8/4/2022²		0.290			50,000		49,993
Federal Home Loan Bank (USD-SOFR + 0.01%) 8/5/2022²		0.290			200,000		199,971
							350,008

Total federal agency bills & notes							22,601,376

		Interest rate
Certificates of deposit 0.07%
Oversea-Chinese Banking Corp., Ltd. 5/2/2022		0.330			100,000		100,000

Total short-term securities (cost: $151,821,854,000)							151,810,401

Bonds, notes & other debt instruments 1.29%
U.S. Treasury bonds & notes 1.29%
U.S. Treasury (3-month U.S. Treasury Bill Yield + 0.055%) 0.947% 2022²					100,000		100,144
U.S. Treasury (3-month U.S. Treasury Bill Yield + 0.029%) 0.921% 2023²					834,800		836,733
U.S. Treasury (3-month U.S. Treasury Bill Yield + 0.034%) 0.926% 2023²					700,000		701,663
U.S. Treasury (3-month U.S. Treasury Bill Yield + 0.049%) 0.941% 2023²					350,000		350,730

Total bonds, notes & other debt instruments (cost: $1,984,915,000)							1,989,270
Total investment securities 99.65% (cost: $153,806,769,000)							153,799,671
Other assets less liabilities 0.35%							541,107

Net assets 100.00%						$	154,340,778


*	Repurchase agreements

											Repurchase
											agreement
							Collateral		Repurchase		proceeds
							received,		agreement,		to be
	Lending			Settlement	Maturity		at value		at value		received
Counterparty	rate			date	date	Collateralized by	(000)		(000)		(000)
BofA Securities		0.30	%	4/29/2022	5/2/2022	U.S. Treasury 0.625% 2024	$	51,000	$	50,000	$	50,001
JPMorgan Securities		0.30		4/29/2022	5/2/2022	U.S. Treasury 0%-2.75% 2022-2031		1,122,000		1,100,000		1,100,028
New York Federal Reserve		0.30		4/29/2022	5/2/2022	U.S. Treasury 0.125%-2.00% 2023-2026		24,600,615		24,600,000		24,600,615
RBC Dominion Securities		0.30		4/29/2022	5/2/2022	U.S. Treasury 0%-7.25% 2022-2031		102,000		100,000		100,003
Societe Generale Bank		0.30		4/29/2022	5/2/2022	U.S. Treasury 0%-7.625% 2022-2031		510,000		500,000		500,013
							$	26,385,615	$	26,350,000	$	26,350,660


¹	Acquired in a transaction exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $36,867,249,000, which represented 23.89% of the net assets of the fund.
²	Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. For short-term securities, the date of the next scheduled coupon rate change is considered to be the maturity date.

Key to abbreviations

SOFR = Secured Overnight Financing Rate

USD = U.S. dollars

See notes to financial statements.

Capital Group Central Cash Fund

Financial statements

Statement of assets and liabilities	unaudited
at April 30, 2022	(dollars in thousands)


Assets:
Investment securities in unaffiliated issuers, at value (cost: $127,456,769)			$	127,449,671
Repurchase agreements (cost: $26,350,000)				26,350,000
Cash				2,862,864
Receivables for:
Sales of fund’s shares	$	1,569,485
Interest		3,924		1,573,409
				158,235,944
Liabilities:
Payables for:
Purchases of investments		1,469,397
Repurchases of fund’s shares		2,424,481
Dividends on fund’s shares		1,025
Trustees’ deferred compensation		194
Other		69		3,895,166
Net assets at April 30, 2022			$	154,340,778

Net assets consist of:
Capital paid in on shares of beneficial interest			$	154,347,704
Total accumulated loss				(6,926	)
Net assets at April 30, 2022			$	154,340,778

(dollars and shares in thousands, except per-share amounts)

Shares of beneficial interest issued and outstanding (no stated par value) —
unlimited shares authorized (1,543,407 total shares outstanding)

		Net assets				Shares outstanding				Net asset value per share
Class M		$	154,340,778				1,543,407			$	100.00

See notes to financial statements.

Capital Group Central Cash Fund

Financial statements (continued)

Statement of operations	unaudited
for the six months ended April 30, 2022	(dollars in thousands)


Investment income:
Income:
Interest			$	114,457
Fees and expenses:
Reports to shareholders	$	6
Registration statement and prospectus		1
Trustees’ compensation		83
Auditing and legal		30
Custodian		135
Other		15		270
Net investment income				114,187

Net realized gain and unrealized depreciation:
Net realized gain on investments				2
Net unrealized depreciation on investments				(5,738	)
Net realized gain and unrealized depreciation				(5,736	)

Net increase in net assets resulting from operations			$	108,451


Statements of changes in net assets

	(dollars in thousands)

	Six months ended April 30, 2022*			Year ended October 31, 2021
Operations:
Net investment income	$	114,187		$	92,046
Net realized gain (loss)		2			(327	)
Net unrealized depreciation		(5,738	)		(5,199	)
Net increase in net assets resulting from operations		108,451			86,520

Distributions paid or accrued to shareholders		(113,774	)		(91,959	)

Net capital share transactions		41,878,702			(8,029,779	)

Total increase (decrease) in net assets		41,873,379			(8,035,218	)

Net assets:
Beginning of period		112,467,399			120,502,617
End of period	$	154,340,778		$	112,467,399

*	Unaudited.

See notes to financial statements.

Capital Group Central Cash Fund

Notes to financial statements

unaudited

1. Organization

Capital Group Central Fund Series (the “trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end, diversified management investment company and has initially issued one series of shares, Capital Group Central Cash Fund (the “fund”). The fund seeks to provide income on cash reserves while preserving capital and maintaining liquidity.

The fund manages cash balances for Capital Group and other funds, investment vehicles and accounts advised by Capital Group affiliates, and is not available to the public. The fund is an institutional prime money market fund with a floating net asset value.

2. Significant accounting policies

The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board. The fund’s financial statements have been prepared to comply with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles require the fund’s investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.

Cash — Cash may include amounts held in an interest bearing deposit facility.

Security transactions and related investment income — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

Distributions paid or accrued to shareholders — Income dividends are declared daily after the determination of the fund’s net investment income and are paid to shareholders monthly.

3. Valuation

Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. The fund’s net asset value will vary as a result of changes in the value of the securities in which the fund invests.

Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Fixed income securities, including short-term securities, are generally valued at prices obtained from one or more pricing vendors. Repurchase agreements and daily variable rate notes are generally valued at par. When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or not deemed to be representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of the fund’s board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with SEC rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Capital Group Central Cash Fund

Processes and structure — The fund’s board of trustees has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees with supplemental information to support the changes. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.

The fund’s investment adviser has also established a Fixed Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group.

Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market.

At April 30, 2022, all of the fund’s investment securities were classified as Level 2.

4. Risk factors

Investing in the fund may involve certain risks including, but not limited to, those described below.

Market conditions — The prices of, and the income generated by, the securities held by the fund may decline, sometimes rapidly or unpredictably, due to various factors, including events or conditions affecting the general economy or particular industries; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; and interest rate and commodity price fluctuations.

Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease) and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund’s investments may be negatively affected by developments in other countries and regions.

Investing outside the U.S. — The fund invests in commercial paper and other short-term bank obligations that are issued by entities domiciled outside the U.S., or with significant operations or revenues outside the U.S. Such securities may lose value because of adverse political, social, economic or market developments in the countries or regions in which the issuers operate or generate revenue. Investments outside the U.S. may also be subject to different accounting and auditing practices and standards and different regulatory, legal and reporting requirements. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund.

Investing in cash equivalents — Cash equivalents, such as commercial paper, asset-backed commercial paper, short term-bank obligations and corporate bonds and notes that mature or may be redeemed or mature within thirteen months or less, like other fixed income instruments are subject to interest rate risk. However, the short-term nature of a commercial paper investment makes it less susceptible to volatility than many other fixed income securities because interest rate risk typically increases as maturity lengths increase. Commercial paper is often unsecured, but may be supported by letters of credit or other forms of collateral. Maturing commercial paper are usually repaid by the issuer from the proceeds of new commercial paper issuances. As a result, investment in commercial paper is subject to rollover risk, or the risk that the issuer cannot issue enough new commercial paper to satisfy its outstanding commercial paper.

Capital Group Central Cash Fund

As with all fixed income securities, there is a chance that the issuer will default on its short-term obligations and these securities may become illiquid or suffer from reduced liquidity in these or other situations.

Investing in securities backed by the U.S. government — Securities backed by the U.S. Treasury or the full faith and credit of the U.S. government are guaranteed only as to the timely payment of interest and principal when held to maturity. Accordingly, the current market values for these securities will fluctuate with changes in interest rates and the credit rating of the U.S. government. Securities issued by U.S. government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government are neither issued nor guaranteed by the U.S. government.

Interest rate risk — The values and liquidity of the securities held by the fund may be affected by changing interest rates. For example, the values of these securities may decline when interest rates rise and increase when interest rates fall. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities. The fund may invest in variable and floating rate securities. When the fund holds variable or floating rate securities, a decrease in market interest rates will adversely affect the income received from such securities and the net asset value of the fund’s shares. Although the values of such securities are generally less sensitive to interest rate changes than those of other debt securities, the value of variable and floating rate securities may decline if their interest rates do not rise as quickly, or as much, as market interest rates. Conversely, floating rate securities will not generally increase in value if interest rates decline. During periods of extremely low short-term interest rates, the fund may not be able to maintain a positive yield and, given the current low interest rate environment, risks associated with rising rates are currently heightened.

Investing in repurchase agreements — Upon entering into a repurchase agreement, the fund purchases a security from a bank or broker-dealer, which simultaneously commits to repurchase the security within a specified time at the fund’s cost with interest. The security purchased by the fund constitutes collateral for the seller’s repurchase obligation. If the party agreeing to repurchase should default, the fund may seek to sell the security it holds as collateral. The fund may incur a loss if the value of the collateral securing the repurchase obligation falls below the repurchase price. The fund may also incur disposition costs and encounter procedural delays in connection with liquidating the collateral.

Financial services risk — A significant portion of the fund’s portfolio may be comprised of securities issued by companies in the financial services industry. As a result, the fund may be more susceptible to any economic, business, political or other developments which generally affect this industry sector. The profitability of many types of financial companies may be adversely affected in certain market cycles, including during periods of rising interest rates, which may restrict the availability and increase the cost of capital, and declining economic conditions, which may cause credit losses due to financial difficulties of borrowers. Because many types of financial services companies are vulnerable to these economic cycles, the fund’s investments may lose value during such periods.

Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results.

5. Certain investment techniques

Repurchase agreements — The fund has entered into repurchase agreements, under which the fund purchases a security from a bank or broker-dealer and obtains a simultaneous commitment from the seller to repurchase the security at a specified time and price. Because the security purchased by the fund constitutes collateral for the seller’s repurchase obligation, a repurchase agreement is effectively a loan by the fund that is collateralized by the security purchased. The fund will only enter into repurchase agreements involving securities of the type (excluding any maturity limitations) in which it could otherwise invest that are held at a custodian bank and are fully collateralized by cash or U.S. government securities.

6. Taxation and distributions

Federal income taxation — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

As of and during the period ended April 30, 2022, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the period, the fund did not incur any significant interest or penalties.

Capital Group Central Cash Fund

The fund’s tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction’s statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.

Non-U.S. taxation — Interest income is recorded net of non-U.S. taxes paid. The fund may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. If applicable, the fund records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

Distributions — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as short-term capital gains and losses; deferred expenses and net capital losses. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes.

The components of distributable earnings on a tax basis are reported as of the fund’s most recent year-end. As of October 31, 2021, the components of distributable earnings on a tax basis were as follows (dollars in thousands):

Undistributed ordinary income		$	322
Capital loss carryforward*			(327	)


*	The capital loss carryforward will be used to offset any capital gains realized by the fund in the current year or in subsequent years. The fund will not make distributions from capital gains while a capital loss carryforward remains.

As of April 30, 2022, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

Gross unrealized appreciation on investments	$	5,317
Gross unrealized depreciation on investments		(12,415	)
Net unrealized depreciation on investments		(7,098	)
Cost of investments		153,806,769

Tax-basis distributions paid or accrued to shareholders from ordinary income were as follows (dollars in thousands):

Share class		Six months ended April 30, 2022				Year ended October 31, 2021
Class M		$	113,774			$	91,959

7. Fees and transactions with related parties

CRMC, the fund’s investment adviser, is the parent company of American Funds Distributors^®, Inc. (“AFD”), the principal underwriter of the fund’s shares, and American Funds Service Company^® (“AFS”), the fund’s transfer agent. CRMC, AFD and AFS are considered related parties to the fund.

Transfer agent services — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to the fund. These services include recordkeeping and transaction processing.

Trustees’ deferred compensation — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the fund. Trustees’ compensation in the fund’s statement of operations reflects the current fees (either paid in cash or deferred) and a net increase or decrease in the value of the deferred amounts.

Affiliated officers and trustees — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, AFD and AFS. No affiliated officers or trustees received any compensation directly from the fund.

Capital Group Central Cash Fund

Security transactions with related funds — The fund purchased securities from other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund’s board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. Each transaction was executed at the current market price of the security and no brokerage commissions or fees were paid in accordance with Rule 17a-7 of the 1940 Act. During the six months ended April 30, 2022, the fund engaged in such purchase transactions with related funds in the amount of $74,985,000.

Interfund lending — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the six months ended April 30, 2022.

8. Indemnifications

The fund’s organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund’s maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund’s board members and officers.

9. Capital share transactions

Capital share transactions in the fund were as follows (dollars and shares in thousands):

	Sales				Reinvestments of distributions				Repurchases						Net increase (decrease)
Share class	Amount		Shares		Amount		Shares		Amount			Shares			Amount			Shares

Six months ended April 30, 2022

Class M	$	217,608,559		2,176,036	$	111,565		1,116	$	(175,841,422	)		(1,758,372	)	$	41,878,702			418,780

Year ended October 31, 2021

Class M	$	379,766,850		3,797,330	$	91,541		916	$	(387,888,170	)		(3,878,543	)	$	(8,029,779	)		(80,297	)


Capital Group Central Cash Fund	17

Financial highlights

			Income from investment operations¹
Year ended	Net asset value, beginning of year		Net investment income		Net (losses) gains on securities (both realized and unrealized)			Total from investment operations		Dividends (from net investment income)			Net asset value, end of year		Total return			Net assets, end of year (in millions)		Ratio of expenses to average net assets			Ratio of net income to average net assets
Class M:
4/30/2022^2,3	$	100.00	$	.09	$	(.01	)	$	.08	$	(.08	)	$	100.00		.09	%⁴	$	154,341		—	%^5,6		.18	%⁶
10/31/2021		100.01		.08		(.01	)		.07		(.08	)		100.00		.06			112,467		—	⁵		.08
10/31/2020		100.01		.77		.06			.83		(.83	)		100.01		.83			120,503		—	⁵		.77
10/31/2019^2,7		100.00		1.60		.01			1.61		(1.60	)		100.01		1.62	⁴		119,761		—	^5,6		2.31	⁶


¹	Based on average shares outstanding.
²	Based on operations for a period that is less than a full year.
³	Unaudited.
⁴	Not annualized.
⁵	Amount less than .01%.
⁶	Annualized.
⁷	Class M shares began investment operations on February 22, 2019.

See notes to financial statements.

Capital Group Central Cash Fund

Expense example

unaudited

This example is intended to help you understand your ongoing costs (in dollars) of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire six-month period (November 1, 2021, through April 30, 2022).

Actual expenses:

The first line in the table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading titled “Expenses paid during period” to estimate the expenses you paid on your account during this period.

Hypothetical example for comparison purposes:

The second line in the table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed rate of return of 5.00% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5.00% hypothetical example with the 5.00% hypothetical examples that appear in the shareholder reports of the other funds.

Note that the expenses shown in the table are meant to highlight your ongoing costs only. Therefore, the second line of each share class in the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds.

	Beginning account value 11/1/2021		Ending account value 4/30/2022		Expenses paid during period¹			Annualized expense ratio
Class M – actual return	$	1,000.00	$	1,000.90	$	0.00	²		—	%³
Class M – assumed 5% return		1,000.00		1,024.79		0.00	²		—	³


¹	The “expenses paid during period” are equal to the “annualized expense ratio,” multiplied by the average account value over the period, multiplied by the number of days in the period, and divided by 365 (to reflect the one-half year period).
²	Amount less than $.01.
³	Amount less than .01%.

Capital Group Central Cash Fund

Approval of Investment Advisory and Service Agreement

The fund’s board has approved the continuation of the fund’s Investment Advisory and Service Agreement (the “agreement”) with Capital Research and Management Company (“CRMC”) for an additional one-year term through April 30, 2023. The board approved the agreement following the recommendation of the fund’s Contracts Committee (the “committee”), which is composed of all the fund’s independent board members. The board and the committee determined in the exercise of their business judgment that approving the agreement was in the best interests of the fund and its shareholders.

In reaching this decision, the board and the committee took into account their interactions with CRMC as well as information furnished to them throughout the year and otherwise provided to them, as well as information prepared specifically in connection with their review of the agreement, and were advised by their independent counsel with respect to the matters considered. They considered the following factors, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor, and each board and committee member did not necessarily attribute the same weight to each factor.

1. Nature, extent and quality of services

The board and the committee considered the depth and quality of CRMC’s investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of CRMC and the Capital Group organization; the resources and systems CRMC devotes to investment management (the manner in which the fund’s assets are managed, including liquidity management), financial, investment operations, compliance, trading, proxy voting, shareholder communications, and other services; and the ongoing evolution of CRMC’s organizational structure designed to maintain and strengthen these qualities. The board and the committee also considered the nature, extent and quality of administrative and shareholder services provided by CRMC to the fund under the agreement and other agreements. The board and the committee considered the risks assumed by CRMC in providing services to the fund, including operational, business, financial, reputational, regulatory and litigation risks. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.

2. Investment results

The board and the committee considered the investment results of the fund in light of its objective. They compared the fund’s investment results with those of other funds (including funds that currently form the basis of the Lipper index for the category in which the fund is included) and data such as relevant market and fund indexes over various periods (including the fund’s lifetime) through September 30, 2021, while recognizing the fund’s short operational history. On the basis of this evaluation and the board’s and the committee’s ongoing review of investment results, and considering the relative market conditions during certain reporting periods, the board and the committee concluded that the fund’s investment results have been satisfactory for renewal of the agreement, and that CRMC’s record in managing the fund indicated that its continued management should benefit the fund and its shareholders.

3. Advisory fees and total expenses

The board and the committee noted that the fund is primarily used as a centralized cash management vehicle for other funds advised by CRMC and its affiliates, and as such the fund does not pay an advisory fee. They considered the limited other expenses borne by the fund and concluded that those expenses were fair and reasonable in relation to the services provided, and that the fund’s shareholders receive reasonable value in return for amounts paid by the fund.

4. Ancillary benefits

The board and the committee considered a variety of other benefits that CRMC and its affiliates receive as a result of CRMC’s relationship with the fund and the American Funds and possible ancillary benefits to CRMC and its institutional management affiliates in managing other investment vehicles. The board and the committee reviewed CRMC’s portfolio trading practices, noting that through December 31, 2018, CRMC benefited from research obtained with commissions from portfolio transactions made on behalf of each fund, and since that time has undertaken to bear the cost of obtaining such research. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of other amounts paid by the fund.

Capital Group Central Cash Fund

5. Adviser financial information

The board and the committee reviewed information regarding CRMC’s costs of providing services to the fund, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC’s costs and related cost allocation methodology as well as its track record of investing in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments, and attract and retain qualified personnel. They noted information regarding the compensation structure for CRMC’s investment professionals. They reviewed information on the profitability of the investment adviser and its affiliates. The board and the committee also compared CRMC’s profitability and compensation data to the reported results and data of several large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC’s long-term profitability for maintaining its independence, company culture and management continuity. They further considered CRMC’s sharing of potential economies of scale, or efficiencies, through breakpoints and other fee reductions and costs voluntarily absorbed. The board and the committee concluded that the fund’s expense structure reflected a reasonable sharing of benefits between CRMC and the fund’s shareholders.

Capital Group Central Cash Fund

Office of the fund
6455 Irvine Center Drive
Irvine, CA 92618-4518

Investment adviser
Capital Research and Management Company
333 South Hope Street
Los Angeles, CA 90071-1406

Transfer agent for shareholder accounts
American Funds Service Company
(Write to the address nearest you.)

P.O. Box 6007
Indianapolis, IN 46206-6007

P.O. Box 2280
Norfolk, VA 23501-2280

Custodian of assets
JPMorgan Chase Bank
270 Park Avenue
New York, NY 10017-2070

Counsel
Morgan, Lewis & Bockius LLP
One Federal Street
Boston, MA 02110-1726

Independent registered public accounting firm
PricewaterhouseCoopers LLP
601 South Figueroa Street
Los Angeles, CA 90017-3874

Distributor
American Funds Distributors, Inc.
333 South Hope Street
Los Angeles, CA 90071-1406

Capital Group Central Cash Fund

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund’s registration statement, which can be obtained from the fund’s website and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225.

“American Funds Proxy Voting Procedures and Principles” — which describes how we vote proxies relating to portfolio securities — is available on capitalgroup.com or upon request by calling AFS. The fund files its proxy voting record with the U.S. Securities and Exchange Commission (SEC) for the 12 months ended June 30 by August 31. The proxy voting record is available free of charge on the SEC website at sec.gov and on our website.

Capital Group Central Cash Fund files a complete list of its portfolio holdings with the SEC monthly on Form N-MFP. The list of portfolio holdings is available free of charge on the SEC website and on our website.

This report is for the information of shareholders of Capital Group Central Cash Fund, but it also may be used as sales literature when preceded or accompanied by the fund’s registration statement, which gives details about charges, expenses, investment objectives and operating policies of the fund.

American Funds Distributors, Inc., member FINRA.

The Capital Advantage^®

Since 1931, Capital Group, home of American Funds, has helped investors pursue long-term investment success. Our consistent approach — in combination with The Capital System^SM— has resulted in superior outcomes.

	Aligned with investor success
	We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 27 years of investment industry experience, including 21 years at our company, reflecting a career commitment to our long-term approach.¹

	The Capital System
	The Capital System combines individual accountability with teamwork. Funds using The Capital System are divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system.

	American Funds’ superior outcomes
	Equity funds have beaten their Lipper peer indexes in 90% of 10-year periods and 99% of 20-year periods.²Fixed income funds have helped investors achieve diversification through attention to correlation between bonds and equities.³Fund management fees have been among the lowest in the industry.⁴

	¹	Investment industry experience as of December 31, 2021.
	²	Based on Class F-2 share results for rolling calendar-year periods starting the first full calendar year after each fund’s inception through December 31, 2021. Periods covered are the shorter of the fund’s lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used). Expenses differ for each share class, so results will vary.
	³	Based on Class F-2 share results as of December 31, 2021. Thirteen of the 17 fixed income American Funds that have been in existence for the three-year period showed a three-year correlation below 0.3. S&P 500 Index was used as an equity market proxy. Correlation based on monthly total returns. Correlation is a statistical measure of how two securities move in relation to each other. A correlation ranges from –1 to 1. A positive correlation close to 1 implies that as one security moves, either up or down, the other security will move in “lockstep,” in the same direction. A negative correlation close to –1 indicates that the securities have moved in the opposite direction.
	⁴	On average, our management fees were in the lowest quintile 63% of the time, based on the 20-year period ended December 31, 2021, versus comparable Lipper categories, excluding funds of funds.

Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Results for certain funds with an inception date after August 1, 2008, also include hypothetical returns because those funds’ Class F-2 shares sold after the funds’ date of first offering. Visit capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

ITEM 2 – Code of Ethics

Not applicable for filing of semi-annual reports to shareholders.

ITEM 3 – Audit Committee Financial Expert

Not applicable for filing of semi-annual reports to shareholders.

ITEM 4 – Principal Accountant Fees and Services

Not applicable for filing of semi-annual reports to shareholders.

ITEM 5 – Audit Committee of Listed Registrants

Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.

ITEM 6 – Schedule of Investments

Not applicable, insofar as the schedule is included as part of the report to shareholders filed under Item 1 of this Form.

ITEM 7 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

ITEM 8 – Portfolio Managers of Closed-End Management Investment Companies

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

ITEM 9 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

ITEM 10 – Submission of Matters to a Vote of Security Holders

There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ‘‘interested persons’’ of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board’s composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. While the committee normally is able to identify from its own resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant’s Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.

ITEM 11 – Controls and Procedures

(a)

The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

(b)

There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

ITEM 12 – Exhibits

(a)(1)	Not applicable for filing of semi-annual reports to shareholders.

(a)(2)	The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CAPITAL GROUP CENTRAL FUND SERIES

	By __/s/ Kristine M. Nishiyama____________________
	Kristine M. Nishiyama, Principal Executive Officer

	Date: June 30, 2022

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By __/s/ Kristine M. Nishiyama_________________

Kristine M. Nishiyama,

Principal Executive Officer

Date: June 30, 2022

By ___/s/ Brian C. Janssen __________

Brian C. Janssen, Treasurer and

Principal Financial Officer

Date: June 30, 2022

Capital Group Central Fund Series

6455 Irvine Center Drive

Irvine, California 92618

(949) 975-5000

CERTIFICATION

I, Kristine M. Nishiyama, certify that:

1.	I have reviewed this report on Form N-CSR of Capital Group Central Fund Series;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 180 days prior to the filing date of this report based on such evaluation; and

	d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):

	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: June 30, 2022

___/s/ Kristine M. Nishiyama_____________________

Kristine M. Nishiyama,

Principal Executive Officer

Capital Group Central Fund Series

Capital Group Central Fund Series

6455 Irvine Center Drive

Irvine, California 92618

(949) 975-5000

CERTIFICATION

I, Brian C. Janssen, certify that:

1.	I have reviewed this report on Form N-CSR of Capital Group Central Fund Series;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

	a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 180 days prior to the filing date of this report based on such evaluation; and

	d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Trustees (or persons performing the equivalent functions):

	a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

	b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: June 30, 2022

__/s/ Brian C. Janssen____________

Brian C. Janssen, Treasurer and

Principal Financial Officer

Capital Group Central Fund Series

Capital Group Central Fund Series

6455 Irvine Center Drive

Irvine, California 92618

(949) 975-5000

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

KRISTINE M. NISHIYAMA, Principal Executive Officer, and BRIAN C. JANSSEN, Treasurer and Principal Financial Officer of Capital Group Central Fund Series (the "Registrant"), each certify to the best of her or his knowledge that:

1)	The Registrant's periodic report on Form N-CSR for the period ended April 30, 2022 (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2)	The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Principal Executive Officer	Principal Financial Officer

CAPITAL GROUP CENTRAL FUND SERIES	CAPITAL GROUP CENTRAL FUND SERIES


___/s/ Kristine M. Nishiyama____________	_/s/ Brian C. Janssen____________
Kristine M. Nishiyama, Principal Executive Officer	Brian C. Janssen, Treasurer

Date: June 30, 2022	Date: June 30, 2022

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to CAPITAL GROUP CENTRAL FUND SERIES and will be retained by CAPITAL GROUP CENTRAL FUND SERIES and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSR filed with the Commission.

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Form N-CSRS Capital Group Central For: Apr 30

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