0001145549-24-002001.txt : 20240116 0001145549-24-002001.hdr.sgml : 20240116 20240116160304 ACCESSION NUMBER: 0001145549-24-002001 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231031 FILED AS OF DATE: 20240116 DATE AS OF CHANGE: 20240116 EFFECTIVENESS DATE: 20240116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL GROUP PRIVATE CLIENT SERVICES FUNDS CENTRAL INDEX KEY: 0001474365 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22349 FILM NUMBER: 24535139 BUSINESS ADDRESS: STREET 1: 6455 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL PRIVATE CLIENT SERVICES FUNDS DATE OF NAME CHANGE: 20100323 FORMER COMPANY: FORMER CONFORMED NAME: PERSONAL INVESTMENT MANAGEMENT PORTFOLIO SERIES DATE OF NAME CHANGE: 20091014 0001474365 S000027396 Capital Group California Core Municipal Fund C000082664 Share class CCCMX 0001474365 S000027397 Capital Group California Short-Term Municipal Fund C000082665 Share class CCSTX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001474365 XXXXXXXX true false false N-1A true CAPITAL GROUP PRIVATE CLIENT SERVICES FUNDS 811-22349 0001474365 5493007CHP7108OPZR26 6455 Irvine Center Drive Irvine 92618 US-CA US 9499755000 Capital Research and Management Company 6455 Irvine Center Drive Irvine 92618 9499755000 Fund accounting and transaction settlement records N N N-1A 2 Y Alexandra Trower N/A N Francisco G. Cigarroa N/A N Jennifer C. Feikin N/A N Karl J. Zeile N/A Y Leslie Stone Heisz N/A N Margaret Spellings N/A N Mary Davis Holt N/A N Merit E. Janow N/A N Michael C. Gitlin N/A Y Nariman Farvardin N/A N Paul S. Williams N/A N Jane M. Scofield N/A 333 South Hope Street 55th Floor Los Angeles 90071 XXXXXX N N N N N American Funds Distributors, Inc. 8-17168 000006247 N/A Y N PricewaterhouseCoopers LLP 00238 5493002GVO7EO8RNNS37 N N N N N N N Capital Group California Core Municipal Fund S000027396 549300R7LDOSZGPYBW80 N 1 0 0 N/A N N N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-4 (17 CFR 270.12d1-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(f)(17 CFR 270.18f-4(f)) N N N N Capital Research and Management Company 801-8055 000110885 M02M7XSKLMK96MWKNF95 N American Funds Service Company 84-00316 N/A Y N N Refinitiv US LLC 213800HQORQAP68CJJ04 N Six Financial Information AG 506700D369548LQDC335 CH N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Virtu ITG Solutions Network, LLC N/A N Markit North America, Inc. 549300HLPTRASHS0E726 N N State Street Bank and Trust Co. N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N American Funds Service Company 84-00316 SEC File number Y N N Capital Research and Management Company M02M7XSKLMK96MWKNF95 Y N N American Funds Distributors, Inc. 8-17168 000006247 N/A 0.0 0.000000000000 Bank of America, N.A. 8-69787-1 000283942 B4TYDEB6GKMZO031MB27 266166209.000000000000 Goldman Sachs & Co. LLC 8-00129-1 000000361 FOR8UP27PHTHYVLBNG30 103620794.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 71876721.000000000000 Wells Fargo Securities, LLC 8-65876-1 000126292 VYVVCKR63DVZZN70PB21 57672144.000000000000 Barclays Bank PLC N/A N/A G5GSEF7VJP5I7OUK5573 GB 57402550.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 46730335.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 30889204.000000000000 RBC Capital Markets LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 16281885.000000000000 TD Bank Financial Group N/A N/A PT3QB789TSUIDF371261 CA 10735000.000000000000 Siebert Williams Shank & Co., LLC 8-49877-1 000042568 254900VTARX8RAY9QK77 8302083.000000000000 730015304.000000000000 N 631475893.000000000000 Uncommitted 1500000000.000000000000 N N N N Capital Group California Short-Term Municipal Fund S000027397 549300VVBTFRGCG1KZ64 N 1 0 0 N/A N N N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-4 (17 CFR 270.12d1-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(f)(17 CFR 270.18f-4(f)) Y Y N N Capital Research and Management Company 801-8055 000110885 M02M7XSKLMK96MWKNF95 N American Funds Service Company 84-00316 N/A Y N N Refinitiv US LLC 213800HQORQAP68CJJ04 N Six Financial Information AG 506700D369548LQDC335 CH N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Virtu ITG Solutions Network, LLC N/A N Markit North America, Inc. 549300HLPTRASHS0E726 N N State Street Bank and Trust Co. N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N American Funds Service Company 84-00316 SEC File number Y N N Capital Research and Management Company M02M7XSKLMK96MWKNF95 Y N N American Funds Distributors, Inc. 8-17168 000006247 N/A 0.0 0.000000000000 Bank of America, N.A. 8-69787-1 000283942 B4TYDEB6GKMZO031MB27 106621934.000000000000 Goldman Sachs & Co. LLC 8-00129-1 000000361 FOR8UP27PHTHYVLBNG30 23793656.000000000000 Barclays Bank PLC N/A N/A G5GSEF7VJP5I7OUK5573 GB 23373618.000000000000 J.P. Morgan Securities LLC 8-35008-1 000000079 ZBUT11V806EZRVTWT807 16890431.000000000000 Wells Fargo Securities, LLC 8-65876-1 000126292 VYVVCKR63DVZZN70PB21 13462447.000000000000 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 9467921.000000000000 TD Bank Financial Group N/A N/A PT3QB789TSUIDF371261 CA 6165000.000000000000 Citigroup Global Markets Inc. 8-08177-1 000007059 MBNUM2BPBDO7JBLYG310 5613184.000000000000 Hutchinson, Shockey, Erley & Co. 8-05761-1 000002261 549300S2V3DHXKF6GV27 5133262.000000000000 StoneX Group Inc. 8-51269-1 000045993 549300LNKU6K5TJCRG93 5023743.000000000000 241967603.000000000000 N 119998544.000000000000 Uncommitted 1500000000.000000000000 N N N N true INTERNAL CONTROL RPT 2 internalcontrolpcs.htm CGPCS INTERNAL CONTROL REPORT - 10/31/2023 PDFtoHTML Conversion Output

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Capital Group Private Client Services Funds and Shareholders of Capital Group California Core Municipal Fund and Capital Group California Short-Term Municipal Fund

In planning and performing our audits of the financial statements of Capital Group California Core Municipal Fund and Capital Group California Short-Term Municipal Fund (constituting Capital Group Private Client Services Funds, hereafter collectively referred to as the "Funds") as of and for the year ended October 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed 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. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of October 31, 2023.

This report is intended solely for the information and use of the Board of Trustees of Capital Group Private Client Services Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCooper LLP Los Angeles, California December 14, 2023

PricewaterhouseCoopers LLP, 601 South Figueroa Street, Los Angeles, CA 90017 T: (213) 356-6000, F: (813) 637 4444, www.pwc. com/us