Summary
CGCP Chart
CGCP: Plodding Along Doing Its Job, 5% Yield
The Capital Group Core Plus Income ETF remains a 'Buy' due to robust performance and consistent outperformance versus passive aggregate bond peers. CGCP's portfolio emphasizes investment-grade assets, with 36% MBS, 33% corporates, and 21% Treasuries, minimizing excessive credit risk. The ETF has delivered lower drawdowns and stable alpha, outperforming AGG and BND by 62 bps over nearly two years.
4 Years In: Capital Group ETFs Capture Broadening Markets
Markets are broadening beyond the dominance of U.S. technology stocks, creating opportunities across international equities, value stocks and fixed income. The Capital Group ETF platform has captured this shift since entering the market four years ago this week.
CGCP: Low-Risk Bond ETF Beating The Benchmark
Capital Group Core Plus Income ETF delivers a 5% yield from a diversified, actively managed bond portfolio with a low-risk profile. CGCP has outperformed the total bond market since its inception in February 2022. Compared to competitors, CGCP has one of the cheapest expense ratios but lags JCPB and TOTL in return and risk metrics.
Capital Group Core Plus Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 76,040 | $1.71M | $1.69M | -$25,721.41 | -1.5% |
| CE Curtis Ellergodt Rothschild Investment LLC | 126,715 | $2.85M | $2.81M | -$33,901.18 | -1.19% |
| TM Tom McDonald Richards, MERRILL & PETERSON Inc. | 59,191 | $1.32M | $1.31M | -$7,382.16 | -0.56% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 3.22M | $72.17M | $71.42M | -$748,015.69 | -1.04% |
| RC Robert Chess L.M. Kohn & Company | 9,600 | $218,112 | $213,072 | -$5,040 | -2.31% |
Capital Group Core Plus Income ETF (CGCP) FAQ
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Capital Group Core Plus Income ETF Profile
| ARCA Exchange | US Country |
Overview
This fund focuses on investing primarily in a broad spectrum of debt securities. By allocating at least 80% of its assets into bonds and other debt instruments, the fund targets a diversified portfolio within the debt market. The investment choices range from corporate bonds to mortgage- and asset-backed securities, including those issued by U.S. government-sponsored entities. Notably, some of these investments may not be backed by the full faith and credit of the U.S. government, introducing an element of risk and potential for higher returns. As a non-diversified fund, it places larger investments in fewer assets, which can lead to greater volatility compared to diversified funds.
Products and Services
- Bonds and Debt Securities
Investment primarily in bonds and other forms of debt securities, representing a significant portion of the fund's portfolio. These securities offer investors a way to earn interest, while providing companies and governmental entities with capital for operations or projects.
- Derivatives
The fund may use derivatives to represent investments in bonds and other debt securities. Derivatives are financial instruments whose value is derived from the performance of an underlying asset, index, or rate. They can be used for hedging risk or for speculative purposes.
- Corporate Bonds
Includes investments in corporate bonds, which are issued by companies. Corporate bonds are typically used by firms to raise financing for various purposes, offering investors fixed interest payments over the life of the bond. The risk and return on these bonds can vary greatly depending on the issuing company's financial health.
- Debt and Mortgage-Backed Securities
Investment in debt securities issued by U.S. government-sponsored entities, federal agencies, and instrumentalities. These may include mortgage-backed securities, which are secured by mortgage payments, and other asset-backed securities. While they can offer higher yields, there's an associated risk, especially with those not backed by the U.S. government's full faith and credit.
