Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Capital Group Core Plus Income ETF
$21.31+0.04 (+0.19%)
- 0.34%
- $8.4B
- −1.8%
- 5.30%
- 1.8M sh
- $21.27
- low $21.08high $23.00
The ETF.net CGCP Grade
B
Score 67 out of 100
- 39 of 117
Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C50 out of 100Rank 58 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 39 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A82 out of 100Rank 9 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C45 out of 100Rank 82 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 30 of 117
Our read on CGCP
BCapital Group's 2022 ETF debut class produced this one: an active core-plus bond fund that hunts value across the credit spectrum instead of cloning the Agg, and pays income monthly.
The fund seeks current income and maximum total return while preserving capital.
Why people hold it
- Actively managed, not index-bound. The mandate is current income and maximum total return while preserving capital, with fundamental research hunting value across the credit spectrum.
- 0.34% a year is a modest toll for active bond management, and it sits below the median fee in its aggregate-bond cohort.
- About 1,200 holdings and monthly distributions: issuer risk spread thin, income on a regular schedule.
- A multi-billion-dollar fund that trades actively, and the portfolio has stayed tightly aligned with its stated mandate, a top-quartile showing among aggregate-bond ETFs.
Worth knowing
- Index rivals BND, SPAB and SCHZ charge 0.03%. Roughly ten times the fee buys a manager's judgment calls, not a guarantee they pay off.
- The 'plus' is credit risk. Roaming the credit spectrum brings more default and spread sensitivity than a Treasury-heavy index tracker carries.
- Launched in 2022, so the track record is short next to index bond funds that have been compounding through multiple rate cycles.
CGCP Holdings
- Bonds
- 1,453
- 32%
- Capital Group Central Cash Fun Capital Group Cntrl Csh M
Sectors
- Real Estate89.9%
- Energy10.1%
Geography
- United States89.35%
- Luxembourg1.90%
- Mexico1.34%
- Colombia0.95%
- France0.86%
- Netherlands0.73%
- United Kingdom0.71%
- Japan0.56%
- 3.63%
CGCP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
CGCP$9,824
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CGCP |
|---|---|
| Year to date | −2.5% |
| 1 month | −1.3% |
| 3 months | −2.8% |
| 1 year | −1.8% |
| 3 years | +5.1% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CGCP |
|---|---|---|
| 2026 YTD | −2.5% | |
| 2025 | +7.3% | |
| 2024 | +2.9% | |
| 2023 | +7.2% | |
| 2022 | −9.8% |
CGCP in the news
CGCP Dividends
- 5.30%
- $1.13
- $0.09 per share
- Monthly
Distribution history
CGCP Risk
- 5.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.05
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CGCP Cost
0.34%
CGCP0.34%
- The middle half of US Aggregate Bond funds
- Median 0.34%
55 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- BBTOTiShares Total USD Fixed Income Market ETFExpense ratio 0.10%1 year return —
- BNUAGNuveen Enhanced Yield U.S. Aggregate BondExpense ratio 0.15%1 year return −1.8%
- BGTOCInvesco Actively Managed Exchange-Traded Fund Trust - Invesco Core Fixed Income ETFExpense ratio 0.28%1 year return −2.0%
- BUITBVictoryShares Core Intermediate Bond ETFExpense ratio 0.38%1 year return −1.9%
- BUSTBVictoryShares Short-Term Bond ETFExpense ratio 0.34%1 year return +2.7%