SecProbe.io

VIA E-MAIL
November 27, 2024 Ms. Clara Kang
Capital Group KKR Core Plus+ 6455 Irvine Center Drive Irvine, California 92618
Re: Capital Group KKR Core Plus+
File Nos. 333-282864; 811-24016
Dear Ms. Kang: On October 29, 2024, you filed the above-referenced re gistration statement on Form N-2 with respect to
Capital Group KKR Core Plus+ (the “Fund”). We ha ve reviewed the registration statement and our
comments are set forth below. Where a comment is made  with respect to disclo sure in one location of
the filing, it applies to all similar disclosures found elsewhere. Capita lized terms not otherwise defined
have the same meaning as in the registration statement.
GENERAL 1. Please complete or update all information that is cu rrently in brackets or missing in the registration
statement ( e.g., fee table, information related to the trus tees and officers). A full financial review
(e.g., seed financial statements, aud itor's report, consent) must be performed prior to declaring the
registration statement effective. We may have  additional comments on such portions when you
complete them in a pre-effective amendment, on disclosures made in response to this letter, oninformation supplied supplementally, or on exhibits added in any amendment.
2. Please advise the staff of the st atus of any exemptive application( s) or no-action request(s) that the
Fund, the Adviser and/or the Sub-Adviser has receiv ed, submitted or intends to submit in connection
with your registration statement, including with respect to co-investment s and multi-class relief.
3. Please tell us if you have presente d any test the waters materials to  potential investor s in connection
with this offering. If so, we  may have additional comments.
4. Please confirm the Fund will file  a fidelity bond under Form 40-17G.

Ms. Kang
November 27, 2024
Page 2
COVER PAGE
  Please provide the date of the prospectus and the 6WDWHPHQW RI $GGLWLRQDO ,QIRUPDWLRQ  WKH   SAI  ,
and ticker symbols for each class of securities.
  The last paragraph of the first page states that the Fund will seek to allocate approximately 60% of  its
assets to public debt, and approximately 40% to pri vate credit assets.  Please specify in the  disclosure
whether the reference to assets is based on net, total or some other measure.
  The first paragraph on the second page states, “The Fund will normally seek to limit its foreign
currency exposure.”  Please specify and disclose the limit.
  The same paragraph also states, “Though investment decisions regarding the Fund’s portfolio may  be
informed by investment themes on a range of macroeconomic factors…”  Please explain or  provide
examples of “investment themes.”
  The second paragraph of the second page lists the t ypes of securities that the Fund will invest in,
including convertible securities.  If the Fund invests, or expects to invest in, contingent convertible
securities (“CoCos”), the Fund should consider what, if any, disclosure is appropriate. The type and
location of disclosure will depend on, among other things, the extent to which the Fund invests in
CoCos, and the characteristics of the CoCos (e.g., the credit quality and the conversion triggers). The
staff notes that convertible securities are discussed under “Hybrid securities,” (page 11 of the  S$,);
however, if CoCos are, or will be, a principal type of  investment, please provide a description of
them in the prospectus, as well as the attendant risks.
   Under the heading, “Interval fund/repurchase offers,” please specify the anticipated timing of the
Fund's initial repurchase offer, and the intervals between deadlines for repurchase requests, pricing
and repayment.  Please include a cross-reference to the sections of the prospectus that discuss the
Fund’s repurchase policies and the attendant risks.  See Guide 10 of the Guidelines for Form N-2
(the “Guidelines”).
   In addition to the bolded sentences on the second a nd third pages, please also include (in bold) that:
“An investor investing in Class A shares will pay a sales load of up to [_]% and offering expenses of
up to [_]% on the amounts it invests. If you pay the maximum aggregate [__]% for sales load and
offering expenses, you must experience a total return on your net investment of [__]% in order to
recover these expenses.”
PROSPECTUS SUMMARY, pages 1-8
Investment strategies
12. The second paragraph under this section on page 1 describes the a llocation of appr oximately 60% of
the Fund’s assets to public debt, and approximately 40% to private credit assets.  The last sentence
states, “The allocation between public debt and private credit assets may fluctuate significantly
depending on various factors…”  Pleas e quantify and disclose the rang e of fluctuation.  For instance,

Ms. Kang
November 27, 2024
Page 3
is there a plus or minus percentage of assets per sector, or an absolute maximum or minimum limit
on the percentage of assets invested in each sector.
13. The disclosure states that, “The Fund may also invest significantly in securities tied economically to
countries outside the U.S., incl uding emerging markets.”  Please di sclose:  (a) what is meant by
“significantly” and (b) how the Fund would de fine “emerging markets” for the purpose of
classifying investments.
14. The first paragraph on page 2 describes the Fund’s investments in private credit assets that “include
investments in bonds, secured bank loans, mezzanine debit, convertible secu rities, conve rtible debt
securities and securitized debt securities.”  Please confirm that the Fund’s loan investments willinclude covenant-lite loans.  The staff notes that  covenant-lite loans are discussed under the heading,
“Borrower fraud; covenant-lite loans; breach of co venant” (page 22) in the principal risks section of
the prospectus.  If the Fund intends to invest in covenant-lite loans, please describe such loans andthe extent to which the Fund may invest in such  loans in the principal investment strategies.
15. The same paragraph also desc ribes that the Fund’s asset-base d finance strategy will focus on
“consumer finance, mortgages, sm all-medium sized enterprises, ha rd assets…”  Please explain what
“hard assets” are.
16. The second paragraph on page 2 states, “The F und may invest substantia lly in lower rated debt
instruments, which are securities rated Ba1 or below and BB+ or below… Such securities aresometimes referred to as ‘junk bonds.’”  Please specify  what is meant by “substantially,” and is there
an upper limit for such investments?
The offering
17. The disclosure on page 3 states, "The Fund ha s been granted exemptive relief from the SEC that
permits the Fund to issue multiple classes of shares and to impose asset-based distribution fees and
early-withdrawal fees," but this statement is in brackets. Please advise us  if you have submitted or
expect to submit any additional exemptive applica tions or no-action request in connection with this
registration statement.
Minimum investment
18. The paragraph under this heading states that, “The minimum amount to establish an account for all
share classes is normally $1,000 and the minimum to a dd to an account is $50.”  However, the third
page of the Cover Page states that, "For account s with Class F-3 shares held and serviced by the
Fund’s transfer agent, the minimum investme nt amount is $1 million."  Please reconcile.
Leverage
19. Please confirm that the Fund does not intend to in cur leverage during the first year. If the Fund does
intend to incur leverage, please include an estimate for costs associated with leverage such as interestpayments on borrowed funds.

Ms. Kang
November 27, 2024
Page 4
Derivatives
20. The disclosure is unclear concerning the Fund’s use of derivatives.  Please specify the types of
derivatives which the Fund intends to invest in as  part of its principal investment strategy and
specifically explain how the Fund expects to use such instruments.  Please also include
corresponding risks.
SUMMARY OF FUND EXPENSES, pages 9-11 Expense and Fee Table
21. Consistent with the table on page 3 of the Cover Page, please note "N/A" for maximum initial sales
charge for Class F-2, F-3 and R-6.
Annual fund operating expenses table
22. The prospectus indicates that the Fund may invest  in Central Funds (certa in other funds managed by
the investment adviser or its aff iliates). If acquired fund fees and expenses from such investments
will exceed 0.01% of the average net assets of the F und, please disclose these fees and expenses as a
separate line item in the fee table.
23. In footnote 2, please confirm offering expe nses are included under “Other Expenses.”
24. Regarding footnote 3:
(a) Among other things, the footnote lists expenses  excluded from the waiver, and references, “(iv)
costs, including dividend and/or interest expens es and other costs…associated with the Fund’s
issuance, offering, redemption and maintenance of preferred shares…”  Pl ease disclose whether
the Fund will be issuing preferred stock within the first year from the effective date of the
registration statement. If the Fund plans to i ssue preferred shares, please include applicable
disclosure and fees in the expense and fee table and elsewhere in the registration statement,where applicable.
(b) Please include in the footnote that only the Board can terminate the waiver before its expiration.
Also please clarify, regarding reimbursement, that such recoupment can be achieved without
exceeding the lower of the expense limit in place at the time of the waiver or reimbursement andthe expense limit in place at the time of recoupment.
USE OF PROCEEDS, page 12 25. The disclosure states that the Fund anticipates it w ill generally be able to in vest all or substantially
all of the net proceeds in accordance with its  investment objective and policies “as soon as
practicable after receipt of the proceeds.”  Pleas e disclose, with specificity (e.g., 3 months), how
long it will take the Fund to invest  all or substantially all the pr oceeds. If the time period is more

Ms. Kang
November 27, 2024
Page 5
than 3 months, please disclo se the reason for the delay. See Item 7.2 of Form N-2, and Guide 1 of the
Guidelines.
INVESTMENT OBJECTIVE, STRATEGIES, OTHER INFORMATION AND PRINCIPAL
RISKS, pages 12-14
Investment strategies
26. The disclosure states, “The A dviser and Sub-Adviser may consid er environmental, social and
governance (‘ESG’) factors that, depending on the fact s and circumstances, are material to the value
of an issuer or instrument, or on the issuer’s or  instrument’s ability to create or preserve economic
value. ESG factors may include, but are not limited to, environmental issues (e.g., water use,
emission levels, waste, environmen tal remediation), social issues  (e.g., human capital, health and
safety, changing customer behavior) or govern ance issues (e.g., board composition, executive
compensation, shareholder dilution).”
(a) Please disclose whether the A dviser and/or Sub-Adviser applies the criteria it uses with respect
to environmental, social or governance factors w ith respect to every inve stment it makes or only
to some of its investments.
(b) Explain whether an investment could be made  in a company that scores poorly on ESG if it
scores strongly on other non-ESG factors.
(c) Consider whether an ESG specifi c risk disclosure may be appr opriate or explain supplementally
why such a risk factor is not appropriate.
WAREHOUSING TRANSACTION, page 15 27. The disclosure states that the Fund entered into facility agreements with an  “unaffiliated third party”
(“financing provider”). If accurate, please clarify in  the disclosure that the financing provider is not
affiliated with the Fund, the Adviser or the Sub-Adviser.
28. Please file the financing agreements and any related agreements as applicable.
29. Please also add the following disclosure:
Each of the portfolio investments that the financing provider has purchased to date was
purchased pursuant to a request that we made prior to regist ration as a closed-end fund under
the 1940 Act. After our registration we will: (i) not request that the financing provider purchase
any additional portfolio investments pursuant to the facility agreement; (ii) purchase already-
existing portfolio investments from the financi ng provider only to the extent that we have
sufficient assets to purchase all of the portfolio investments whole (i.e., not on a pro rata basis); (iii) impose on ourselves a requirement – not an option – to purchase already-existing portfolioinvestments from the financing provider at such tim e as we raise sufficient assets to purchase all
of the portfolio investments whole; and (iv) tr eat our forward obligation to purchase portfolio
investments from the financing provider once the requirement to purchase already-existing

Ms. Kang
November 27, 2024
Page 6
portfolio investments is triggered as subject to  the asset coverage requirements set forth in
section 18 of the 1940 Act.
   Regarding the warehousing tran saction, please supplementally:
 D Identify the financing provider.
 E Explain how the Fund will pay for the “warehouse investments.”
 F Identify the fees or expenses expected to be  incurred by the Fund in connection with the
warehousing transaction.
 G Describe the consequences if the “warehouse thresholds” are never met. Please tell us what
happens if you fail to reach the capital condition under the facility agreement (e.g., could one ofthe Fund’s affiliates be required to purchase or does the financing provider hold the assets?).Have any affiliates of the Fund entered into a guaranty agreement with the financing provider?Depending on your response, please discuss any Section 17 implications.
 H Explain how, if any, does the Fund’s obligation to purchase the “warehouse investments” impact
the Fund’s NAV.
 I Provide the expected duration of the ware housing transaction (e.g., termination date).
   Please add disclosure clarifying what happens if a portfolio investment declines in value and/or is
impaired while it is held at the warehouse. If th e Fund is still obligated to purchase the portfolio
investment, when is that reflected in NAV and how are potential purchasers apprised of warehouseportfolio holdings, including potential los Ves thereon? Please explain how the facility fees will be
reflected in NAV for purposes of this offering. Exp lain to us how your obligation to purchase
warehouse investments, including potential losses thereon, is accounted for and otherwise reflectedin the Fund’s NAV.
   Please explain how this arrangement complies with section 18 of the Investment Company Act of
1940 (the “1940 Act”) on leverage restrictions. Please also provide an analysis of whether the
warehousing transaction constitutes an “unfunded commitment agreement” as defined in rule 18f-4under the 1940 Act.
   Explain to us whether any of the Fund’s affiliates  are obligated to take action with respect to the
warehouse (e.g., purchase assets if the Fund is unable to do so, or enter into a guaranty agreementwith the financing provider).  If yes, please provide an analysis of whether the warehousing
transaction constitutes a “joint enterprise or other joint arrangement” within the meaning ofrule 17d-1 under the 1940 Act.
   Please disclose the warehoused portfolio investments in accordance with Reg S-X rule 6-11
(including highlighting any non-accru al or defaulted loans).  Please di sclose that such schedule of
warehouse investments is unaudited as applicable.

Ms. Kang
November 27, 2024
Page 7
PRINCIPAL RISKS, pages 16-24
35. Under the heading, “Rep urchase offers risk”:
(a) Please also include the risk  of possible decrease in share value as a result of currency
fluctuations between the date of  tender and the repurchase prici ng date if the registrant has
invested all or a portion of its portfolio in foreign markets.  See Guide 10 of the Guidelines.
(b) If applicable, please also include the risk that if the repurchase