BLUI vs CGMS: Grades, Fees and Holdings Compared

Bluemonte Diversified Income ETF

BLUICNYSE Arca

Capital Group U.S. Multi-Sector Income ETF

CGMSANYSE Arca

Overlap

0.0%by weight

Expense ratio

CGMS −0.28pt a year

BLUI0.67%CGMS0.39%

Avg volume · 30D

CGMS 76.2×the volume

BLUI15.7KCGMS1.2M

BLUI vs CGMS Performance

Oct 31, 2025 – Oct 30, 2026

+4.2%BLUI+1.6%CGMS

Expense ratio: BLUI 0.67%; CGMS 0.39%, better
Fund size: BLUI $121M; CGMS $5.61B
1Y total return: BLUI +4.2%, better; CGMS +1.6%
Yield (12M): BLUI 5.24%; CGMS 6.69%, better
Holdings: BLUI 8; CGMS 1548
Avg volume (30D): BLUI 15.7K sh; CGMS 1.2M sh, better
NAV per share: BLUI $25.14; CGMS $26.40
52W range

ETF.net Grade

Pillar letters and Scores for BLUI, CGMS, with each pillar’s weight
Pillar	BLUI	CGMS
Cost30% weight	C46	A75Higher
Mission25% weight	C50	A82Higher
Risk15% weight	B63	B68Higher
Tradability15% weight	A70	A74Higher
Holdings10% weight	D27	A84Higher
Durability5% weight	B60	A72Higher

Rank among Conservative Allocation funds

How we build Categories ›

Same Category. BLUI and CGMS are both graded against the same 7 Conservative Allocation funds, so their Grades compare head to head.

Conservative Allocation⁠

Category · 7 funds

See all 7 ›

CGMS ranks 2nd and BLUI 3rd of 7 funds in the Conservative Allocation Category.

Rank 1AAOKiShares Core 30/70 Conservative Allocation ETFScore 86
Rank 2ACGMSCapital Group U.S. Multi-Sector Income ETFScore 76
Rank 3CBLUIBluemonte Diversified Income ETFScore 52
Rank 4CXRLXFundX Investment Conservative ETFScore 51

Our read on each fund

ETF.net Research

BLUICBluemonte Diversified Income ETF

CGMSACapital Group U.S. Multi-Sector Income ETF

In short

BLUI One ticker, one job: Bluemonte's team picks other income ETFs (junk bonds, bank loans, mortgages, REITs, preferreds) and decides the mix. Actively managed since its 2025 launch, with income paid out monthly.

CGMS Capital Group's bond desk in ETF form: one ticket across the income-producing corners of the US market, roughly 1,200 positions deep, paying monthly. Income first, capital appreciation second.

Stated mandate

BLUI The Fund seeks total return and income and is actively managed. Under normal circumstances, it invests at least 80% of its assets in income-generating investments.

CGMS The fund seeks a high level of current income, with capital appreciation as a secondary objective.

Why people hold it

BLUI Go-anywhere income mandate: at least 80% of assets in income generators, with the underlying funds free to hold any maturity, any credit quality, plus income-producing equities.sec.gov
A fund of ETFs, so one trade buys a spread of bond and equity-income sleeves instead of a dozen line items you rebalance yourself.sec.gov
Pays income monthly, and the manager can reshape the blend between debt and dividend payers rather than following a fixed index recipe.sec.gov

CGMS Charges 0.39% a year, below the median for its conservative-income peer group.
Spread across roughly 1,200 holdings, so no single issuer carries the portfolio.
Pays monthly, and with multi-billion-dollar scale and steady trading it's one of the easier funds in its cohort to move in and out of.
Sits among the strongest implementations in its small conservative-income peer group.

Worth knowing

BLUI Costs 0.67% net of a waiver through August 31, 2027, versus 0.72% gross. That sits above the median of the eight funds in its conservative income group.
Fund-of-funds math: the stated expenses carry the fees of the ETFs it owns on top of the manager's fee. Multi-sector rivals CGMS and MULT charge 0.39% in one layer.sec.gov
Launched June 2025 and thinly traded, so there is a short record to judge and spreads can widen. High yield and loan exposure brings credit risk.sec.gov

CGMS Income is the mandate: the fund seeks a high level of current income, with capital appreciation only a secondary objective.capitalgroup.com
Cheaper doors exist in the cohort. BLUI runs 0.25%.
Launched in late 2022, so the track record is short next to long-running multi-sector bond funds.

Full BLUI profile⁠

Full CGMS profile⁠

BLUI vs CGMS Holdings

How BLUI and CGMS differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BLUI and 0.0% of CGMS.

Level by level

Holdings0 in both0.0%
Sector5 Sectors61.8%
Countryby domicile88.9%

Sector

Sector weights in BLUI and CGMS, widest gap first
Sector	More in BLUIMore in CGMS	BLUI	CGMS
Energy	BLUI +35.9 points	47.9%	12.0%
Real Estate	CGMS +31.9 points	49.2%	81.1%
Technology	CGMS +6.3 points	0.7%	7.0%
Utilities	BLUI +1.4 points	1.4%	0.0%
Consumer Discretionary	BLUI +0.8 points	0.8%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in BLUI and CGMS, widest gap first
Country	More in BLUIMore in CGMS	BLUI	CGMS
United States	BLUI +10.6 points	98.2%	87.6%
Cayman Islands	CGMS +3.4 points	0.0%	3.4%
Luxembourg	CGMS +1.9 points	0.0%	1.9%
Japan	CGMS +1.0 points	0.0%	1.0%
Netherlands	CGMS +0.8 points	0.0%	0.8%
Bermuda	CGMS +0.6 points	0.1%	0.7%
United Kingdom	CGMS +0.7 points	0.2%	0.9%
Mexico	CGMS +0.5 points	0.0%	0.5%
Other countries (22)	CGMS +1.8 points	1.5%	3.3%

Concentration

Weight in the 10 largest Holdings

BLUI100.0%
CGMS8.6%

Securities held

BLUI7
CGMS1,535

Asset class

BLUI: Multi-Asset
CGMS: Fixed Income

Holdings

Only in BLUI7
In both0
Only in CGMS1,535

Only in BLUI

7 securities, 99.4% of BLUI by weight

State Street Spdr Bloombe19.64%
Mfs Active Core Plus Bond19.51%
Pimco Active Bon19.42%
C&S Rl Esa Etf10.88%
Global X Mlp Etf10.20%
Ft-Senior Loan9.98%
C&S Pref Ia Etf9.74%

Only in CGMS

1,535 securities, 95.9% of CGMS by weight

Us Treasury N/B 05/46 50.94%
Us Treasury N/B 09/28 4.750.59%
Rd Michigan Prop Owner I Sr Secured 144A 03/45 7.50.55%
Bluemountain Clo Ltd Bluem 2018 23A A1R2 144A0.54%
Waymo Llc Unitranche Term Loan0.49%
Switch Abs Issuer, Llc Swtch 2026 3A A21 144A0.42%
Carlyle Global Market Strategi Cgms 2018 4A A1R2 144A0.41%
Bank of America Corp Sr Unsecured 02/37 Var0.40%
Meta Platforms Inc Sr Unsecured 08/52 4.450.40%
Peraton Corp Term Loan B0.38%
Cloud Software Grp Llc Secured 144A 09/29 90.37%
Avant Credit Card Master Trust Avcct 2026 1A A 144A0.35%
Connect Finco Sarl/Conne Sr Secured 144A 09/29 90.35%
Charter Comm Opt Llc/Cap Sr Secured 04/51 3.70.34%
Carlyle Global Market Strategi Cgms 2018 4A BR2 144A0.33%
Mpt Oper Partnersp/Finl Sr Secured 144A 02/32 8.50.32%
Jefferies Fin Group Inc Sr Unsecured 02/36 5.50.31%
Mars Inc Sr Unsecured 144A 03/35 5.20.31%
Compass Group Diversifie Company Guar 144A 04/29 5.250.31%
Ares Strategic Income Fu Sr Unsecured 04/31 5.550.31%
Ford Motor Credit Co Llc Sr Unsecured 02/35 6.50.31%
Kennedy Wilson Inc Company Guar 144A 06/31 70.31%
Navient Corp Sr Unsecured 08/33 5.6250.30%
Transdigm Inc Company Guar 144A 05/33 6.3750.30%
Space Exploration Tech Sr Unsecured 144A 07/36 5.8750.30%
Centene Corp Sr Unsecured 03/31 2.50.30%
Jane Street Grp/Jsg Fin Sr Secured 144A 08/31 7.2940.29%
Nissan Motor Co Sr Unsecured 144A 07/35 8.1250.29%
Amsr Trust Amsr 2026 SFR3 A 144A0.29%
Snap Inc Company Guar 144A 03/33 6.8750.29%
Coinbase Global Inc Company Guar 144A 10/31 3.6250.28%
Freddie Mac Stacr Stacr 2020 DNA5 B2 144A0.28%
Coty/Hfc Prestige/Int Us Company Guar 144A 01/31 5.60.28%
Sirius Xm Radio Llc Company Guar 144A 09/31 3.8750.27%
Jane Street Grp/Jsg Fin Sr Secured 144A 08/33 7.6860.27%
Gray Media Inc Secured 144A 07/32 9.6250.27%
Service Properties Trust Sr Unsecured 02/30 4.3750.27%
B+g Foods Inc Sr Secured 144A 09/28 80.27%
Equipmentshare Eqs 2025 2M A 144A0.27%
Nexstar Media Inc Sr Secured 144A 09/33 6.50.26%
Onemain Finance Corp Company Guar 09/32 7.1250.26%
Blue Owl Credit Income Sr Unsecured 144A 10/31 6.550.26%
Bx Trust Bx 2026 VLT9 B 144A0.26%
Ion Plat Fin Us/Sarl Sr Secured 144A 05/29 8.750.25%
Lyb Int Finance Iii Company Guar 01/36 5.8750.25%
Bx Trust Bx 2026 VLT10 B 144A0.25%
Ggp Trust Ggp 2026 BRK3 A 144A0.25%
Celanese Us Holdings Llc Company Guar 11/33 7.70.24%
Oracle Corp Sr Unsecured 02/56 6.70.24%
JPMorgan Chase & Co Subordinated 07/41 Var0.24%

Weight gaps

BLUI and CGMS share no securities.

All 7 BLUI holdings⁠All 1,246 CGMS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BLUI vs CGMS Cost

Overpaying BLUI vs CGMS

$5,176

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BLUI 0.67%
$13,074
CGMS 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

BLUI 0.67%
CGMS 0.39%
Overpaying

Year by year

Year	BLUI	CGMS	Overpaying
10	$1,198	$705	$493
20	$4,568	$2,725	$1,843
30	$13,074	$7,898	$5,176

Expense ratio

0.67%BLUI
0.39%CGMS, cheaper

CGMS0.39%BLUI0.67%

0.15%1.80%

Middle half of Conservative Allocation funds
Median 0.67%

CGMS 2nd cheapest of 7 funds

BLUI 4th cheapest of 7 funds

BLUI vs CGMS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BLUI 5.24%; CGMS 6.69%, better
Payout (12M): BLUI $1.31; CGMS $1.77
Last payment: BLUI $0.10; CGMS $0.12
Ex-dividend: BLUI Oct 28, 2026; CGMS Oct 30, 2026
Paid on: BLUI Oct 30, 2026; CGMS Pays Nov 2, 2026
Frequency: BLUI Monthly; CGMS Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BLUIMonthly · 16 paymentsAll BLUI payments⁠

CGMSMonthly · 46 paymentsAll CGMS payments⁠

BLUI vs CGMS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BLUI 4.5%since Jul 2025CGMS 4.7%
Return per unit of riskSharpe ratio, 3 years: BLUI 0.25since Jul 2025CGMS 0.71
Worst fallMax drawdown, 5 years: BLUI −3.7%since Jun 2025CGMS −4.1%since Oct 2022
Market sensitivityBeta, 5 years: BLUI 0.07CGMS 0.72; Market = 1

BLUI and CGMS in the news

All news⁠

New ETFs
XFUNDS Technology Income ETF is 99.1% the Vanguard Information Technology ETF
Oct 12, 2026CGMS
ETF Filings
Franklin to liquidate DVAL, down to $71 million from $181 million at its 2022 conversion
Sep 8, 2026CGMS

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BLUI vs CGMS

In short

Stated mandate

Why people hold it

Worth knowing

How BLUI and CGMS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BLUI

Only in CGMS

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

XFUNDS Technology Income ETF is 99.1% the Vanguard Information Technology ETF

Franklin to liquidate DVAL, down to $71 million from $181 million at its 2022 conversion

How BLUI and CGMS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BLUI

Only in CGMS

Weight gaps