Capital Group Dividend Growers ETF

12/31/2025 | Press release | Distributed by Public on 12/31/2025 08:57

Summary Prospectus by Investment Company (Form 497K)

Prospectus Supplement

January 1, 2026

For the following funds with the most recent summary and statutory prospectuses:

Capital Group Conservative Equity ETF (CGCV)

Capital Group Dividend Growers ETF (CGDG)
Capital Group Dividend Value ETF (CGDV)

Capital Group Core Equity ETF (CGUS)

Capital Group Global Growth Equity ETF (CGGO)

1. The table under the heading "Portfolio managers" in the "Management" section of the summary portion of the prospectus for Capital Group Conservative Equity ETF is amended to read as follows:
Portfolio manager/
Fund title (if applicable)
Portfolio manager
in this fund since:
Primary title
with investment adviser
Grant L. Cambridge 2024 Partner - Capital Research Global Investors
Charles E. Ellwein President 2024 Partner - Capital Research Global Investors
Cheryl E. Frank 2024 Partner - Capital Research Global Investors
Martin Jacobs 2024 Partner - Capital Research Global Investors
James B. Lovelace 2024 Partner - Capital Research Global Investors

2. The following is added to the section titled "The Capital SystemTM" in the "Management and organization" section of the statutory portion of the prospectus for Capital Group Conservative Equity ETF:

William L. Robbins and Brant W. Thompson no longer manage money in the fund.

3. The table under the heading "Portfolio managers" in the "Management" section of the summary portion of the prospectus for Capital Group Dividend Growers ETF is amended to read as follows:

Portfolio manager/
Fund title (if applicable)
Portfolio
manager
in this fund since:
Primary title
with investment adviser
Aline Avzaradel President 2025 Partner - Capital International Investors
Saurav Jain 2023 Partner - Capital International Investors
Dimitrije M. Mitrinovic 2026 Partner - Capital International Investors
William L. Robbins 2026 Partner - Capital International Investors

4. The following is added to the section titled "The Capital SystemTM" in the "Management and organization" section of the statutory portion of the prospectus for Capital Group Dividend Growers ETF:

Dimitrije M. Mitrinovic, Partner, Capital International Investors, serves as an equity portfolio manager for the fund. Dimitrije has been an investment professional since 2002 (with Capital Research and Management Company or affiliate since 2007). He has been managing in the fund since 2026. William L. Robbins, Partner, Capital International Investors, serves as an equity portfolio manager for the fund. William has been an investment professional since 1992 (with Capital Research and Management Company or affiliate since 1995). He has been managing in the fund since 2026.

Grant L. Cambridge and Steven T. Watson no longer manage money in the fund.

5. The table under the heading "Portfolio managers" in the "Management" section of the summary portion of the prospectus for Capital Group Dividend Value ETF is amended to read as follows:

Portfolio manager/
Fund title (if applicable)
Portfolio
manager
in this fund since:
Primary title
with investment adviser
Christopher D. Buchbinder President 2022 Partner - Capital Research Global Investors
Brittain Ezzes 2025 Partner - Capital Research Global Investors
Martin Jacobs 2022 Partner - Capital Research Global Investors
James B. Lovelace 2022 Partner - Capital Research Global Investors
Adam Ward 2026 Partner - Capital Research Global Investors

6. The following is added to the section titled "The Capital SystemTM" in the "Management and organization" section of the statutory portion of the prospectus for Capital Group Dividend Value ETF:

Adam Ward, Partner, Capital Research Global Investors, serves as an equity portfolio manager for the fund. Adam has been an investment professional since 2006 (with Capital Research and Management Company or affiliate since 2011). He has been managing in the fund since 2026.

Keiko McKibben no longer manages money in the fund.

7. The table under the heading "Portfolio managers" in the "Management" section of the summary portion of the prospectus for Capital Group Core Equity ETF is amended to read as follows:

Portfolio manager/
Fund title (if applicable)

Portfolio manager

in this fund since:

Primary title
with investment adviser
Brad Barrett 2024 Partner - Capital Research Global Investors
Charles E. Ellwein 2022 Partner - Capital Research Global Investors
Cheryl E. Frank 2026 Partner - Capital Research Global Investors
J. Blair Frank 2022 Partner - Capital Research Global Investors
Martin Jacobs 2024 Partner - Capital Research Global Investors
Caroline Jones 2022 Partner - Capital Research Global Investors
Jessica C. Spaly President 2024 Partner - Capital Research Global Investors

8. The following is added to the section titled "The Capital SystemTM" in the "Management and organization" section of the statutory portion of the prospectus for Capital Group Core Equity ETF:

Brad Barrett, Partner, Capital Research Global Investors, serves as an equity portfolio manager for the fund. Brad has been an investment professional since 2000 (all with Capital Research and Management Company or affiliate). He has been managing in the fund since 2024, and previously an investment analyst for the fund since 2022. Cheryl E. Frank, Partner, Capital Research Global Investors, serves as an equity portfolio manager for the fund. Cheryl has been an investment professional since 1997 (with Capital Research and Management Company or affiliate since 2002). She has been managing in the fund since 2026. Martin Jacobs, Partner, Capital Research Global Investors, serves as an equity portfolio manager for the fund. Martin has been an investment professional since 1987 (with Capital Research and Management Company or affiliate since 2001). He has been managing in the fund since 2024. Jessica C. Spaly, Partner, Capital Research Global Investors, serves as an equity portfolio manager for the fund. Jessica serves as President of the fund and has been an investment professional since 1999 (with Capital Research and Management Company or affiliate since 2003). She has been managing in the fund since 2024.

Keiko McKibben no longer manages money in the fund.

9. The table under the heading "Portfolio managers" in the "Management" section of the summary portion of the prospectus for Capital Group Global Growth Equity ETF is amended to read as follows:

Portfolio manager/
Fund title (if applicable)
Portfolio
manager
in this fund since:
Primary title
with investment adviser
Barbara Burtin 2025 Partner - Capital World Investors
Mathews Cherian 2026 Partner - Capital World Investors
Patrice Collette President 2022 Partner - Capital World Investors
Matt Hochstetler 2023 Partner - Capital World Investors
Jason B. Smith 2024 Partner - Capital World Investors

10. The following is added to the section titled "The Capital SystemTM" in the "Management and organization" section of the statutory portion of the prospectus for Capital Group Global Growth Equity ETF:

Mathews Cherian, Partner, Capital World Investors, serves as an equity portfolio manager for the fund. Mathews has been an investment professional since 1997 (with Capital Research and Management Company or affiliate since 2004). He has been managing in the fund since 2026.

Piyada Phanaphat no longer manages money in the fund.

Keep this supplement with your summary and statutory prospectuses.

Lit. No. ETGESU-012-0126P CGD/AFD/10039-S109157

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