ETF Filings
Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million
Capital Group U.S. Small and Mid Cap ETF
$31.39−0.10 (−0.32%)
- 0.51%
- $3.6B
- +14.8%
- 0.39%
- 0.8M sh
- $31.80
- low $26.80high $33.84
The ETF.net CGMM Grade
B
Score 63 out of 100
- 10 of 48
Score 63 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.B61 out of 100Rank 19 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 26 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A84 out of 100Rank 2 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 20 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 6 of 48
Our read on CGMM
BCapital Group's stock-pickers turned loose on the Russell 2500: roughly 90 U.S. small and mid caps instead of thousands, at a fee below the typical active U.S. equity ETF.
Seeks long-term capital appreciation by investing in small- and mid-capitalization U.S. companies.
Why people hold it
- At 0.51%, it undercuts the 0.65% median for active U.S. equity ETFs, and comes in cheaper than NBSM (0.75%), another fund measured against the Russell 2500.
- Roughly 90 holdings against a benchmark that spans thousands of names. A genuine stock-picking portfolio, not an index tracker wearing an active label.
- A 2025 launch that already runs at multi-billion-dollar size and trades actively, and it sits in the upper tier of its active U.S. equity peer group.
Worth knowing
- It opened in January 2025, so there is no full market cycle yet to judge the managers' results against the Russell 2500.
- Small and mid caps move harder than large caps, and a roughly 90-stock active book can wander well away from the benchmark in either direction.
- Cheap for active, not cheap outright: broad index-style peers like DFAU (0.12%) and active FFSM (0.43%) charge less.
CGMM Holdings
- Stocks
- 119
- 19%
- BE
Sectors
- Technology19.4%
- Industrials17.5%
- Financials17.2%
- Health Care13.7%
- Consumer Discretionary9.4%
- Materials5.1%
- Consumer Staples4.6%
- Communication3.9%
- Energy3.8%
- Utilities2.9%
- Real Estate2.6%
Geography
- United States94.93%
- Bermuda3.45%
- Cayman Islands0.97%
- Netherlands0.46%
- United Kingdom0.19%
CGMM 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.Not enough history yet.
CGMM$11,485
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 | CGMM |
|---|---|
| Year to date | +9.3% |
| 1 month | −1.7% |
| 3 months | −3.1% |
| 1 year | +14.8% |
| 3 years | — |
| 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 | CGMM |
|---|---|---|
| 2026 YTD | +9.3% | |
| 2025 | +11.5% |
CGMM in the news
CGMM Dividends
- 0.39%
- $0.12
- $0.04 per share
- Twice a year
Distribution history
CGMM Risk
- 14.7%
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.
- 0.50
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.
- −21.0%
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.
- 0.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CGMM Cost
0.51%
CGMM0.51%
- The middle half of US Active Small/Mid-Cap funds
- Median 0.59%
17 of the 47 US Active Small/Mid-Cap funds charge less.
Other funds in US Active Small/Mid-Cap
- BASCEAllspring SMID Core ETFExpense ratio 0.38%1 year return +31.4%
- BMCDSJPMorgan Fundamental Data Science Mid Core ETFExpense ratio 0.35%1 year return +19.5%
- BFFSMFidelity Fundamental Small-Mid Cap ETFExpense ratio 0.43%1 year return +21.1%
- BBRSMMFS Blended Research Small-Mid Cap ETFExpense ratio 0.38%1 year return —
- BTMSLT. Rowe Price Small-Mid Cap ETFExpense ratio 0.55%1 year return +21.1%