CPLB vs DFGX: Grades, Fees and Holdings Compared

NYLI MacKay Core Plus Bond ETF

CPLBBNYSE Arca

Dimensional International Core Fixed Income ETF

DFGXANasdaq

Overlap

No data

Expense ratio

DFGX −0.10pt a year

CPLB0.30%DFGX0.20%

Avg volume · 30D

DFGX 1.8×the volume

CPLB120KDFGX218K

CPLB vs DFGX Performance

Oct 31, 2025 – Nov 2, 2026

+0.6%CPLB−0.4%DFGX

Expense ratio: CPLB 0.30%; DFGX 0.20%, better
Fund size: CPLB $493M; DFGX $1.94B
1Y total return: CPLB +0.6%, better; DFGX −0.4%
Yield (12M): CPLB 5.98%, better; DFGX 4.92%
Holdings: CPLB 1103; DFGX 811
Avg volume (30D): CPLB 120K sh; DFGX 218K sh, better
NAV per share: CPLB $20.26; DFGX $51.76
52W range

ETF.net Grade

Pillar letters and Scores for CPLB, DFGX, with each pillar’s weight
Pillar	CPLB	DFGX
Cost30% weight	A80	A95Higher
Mission25% weight	A94Higher	A87
Risk15% weight	B57Higher	D33
Tradability15% weight	D33	B62Higher
Holdings10% weight	C50	A78Higher
Durability5% weight	C43	B57Higher

Rank among Global Aggregate Bond (Unhedged) funds

How we build Categories ›

Same Category. CPLB and DFGX are both graded against the same 28 Global Aggregate Bond (Unhedged) funds, so their Grades compare head to head.

Global Aggregate Bond (Unhedged)⁠

Category · 28 funds

See all 28 ›

DFGX ranks 4th and CPLB 8th of 28 funds in the Global Aggregate Bond (Unhedged) Category.

Rank 1ADFGPDimensional Global Core Plus Fixed Income ETFScore 81
Rank 2ABNDWVanguard Total World Bond ETFScore 77
Rank 2AGRNBVanEck Green Bond ETFScore 77
Rank 4ADFGXDimensional International Core Fixed Income ETFScore 75
Rank 4ADFSBDimensional Global Sustainability Fixed Income ETFScore 75
Rank 8BBINCiShares Flexible Income Active ETFScore 68
Rank 8BCPLBNYLI MacKay Core Plus Bond ETFScore 68
Rank 10BFLXRTCW Flexible Income ETFScore 67

Our read on each fund

ETF.net Research

CPLBBNYLI MacKay Core Plus Bond ETF

DFGXADimensional International Core Fixed Income ETF

In short

CPLB Born in 2021 as an ESG bond fund, CPLB dropped the screens in December 2024 and came back as a plain actively managed core plus bond ETF from MacKay Shields, at 0.30% net of a waiver through August 28, 2027.

DFGX Dimensional's bond sleeve for everything outside the US: roughly 700 mostly developed-market issues at 0.20%, net of a waiver through February 28, 2027. Built to sit beside a US core, not re-buy it.

Stated mandate

CPLB The Fund seeks total return.

DFGX The fund seeks to maximize total returns through income and capital appreciation.

Why people hold it

CPLB 0.30% net of a waiver through August 28, 2027, below the category median and under Fidelity's FBND at 0.36%.sec.gov
No index to hug: MacKay Shields' multi-sector and high-yield teams pick the bonds, roughly 1,000 of them, with prospectus limits on how far they can reach.nylim.com sec.gov
Pays monthly, and the portfolio matches the mandate on the tin: global bonds, total return, nothing exotic bolted on. One of the stronger builds in its peer group.

DFGX Costs 0.20% net of a waiver through February 28, 2027 (0.21% gross), below the category median and under sibling DFGP at 0.22% net of a waiver through the same date.
Ex-US by design: roughly 700 bonds, mostly developed-market governments, agencies and corporates, with maturities inside 20 years from settlement.sec.gov
Run systematically, with exposure to duration, credit quality and currency of issuance adjusted from market prices rather than copied from an index bond for bond.dimensional.com
A billion-dollar-plus fund and one of the stronger implementations in its global bond peer group, paying income quarterly.

Worth knowing

CPLB The 'plus' is credit risk: up to 30% can sit below investment grade, up to 20% in foreign issuers and up to 10% in emerging markets.sec.gov
That 0.30% is a contract, not a promise: the gross fee is 0.44%, and the cap runs to August 28, 2027.sec.gov
Moderately traded rather than a category heavyweight, so trading costs matter more here than with the largest bond ETFs.

DFGX Foreign bonds mean two moving parts: local interest rates and exchange rates. The ride can differ from a US core holding.sec.gov
Not a plain index tracker, so results can drift from a global ex-US bond benchmark in either direction.dimensional.com
A 2023 launch and moderate trading volume: a shorter record than long-standing global bond funds, and spreads can widen in fast markets.sec.gov

Full CPLB profile⁠

Full DFGX profile⁠

CPLB vs DFGX Holdings

How CPLB and DFGX differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile21.9%
Asset classFixed Income100%

Sector

No Sector split for CPLB and DFGX.

Country, concentration and asset class

Country by domicile

Country weights in CPLB and DFGX, widest gap first
Country	More in CPLBMore in DFGX	CPLB	DFGX
United States	CPLB +74.1 points	90.1%	16.0%
Japan	DFGX +19.1 points	0.1%	19.2%
Canada	DFGX +16.3 points	1.1%	17.4%
France	DFGX +8.5 points	0.4%	8.9%
United Kingdom	DFGX +7.8 points	1.4%	9.2%
Netherlands	DFGX +7.0 points	0.5%	7.5%
New Zealand	DFGX +3.7 points	0.0%	3.7%
Australia	DFGX +3.6 points	0.7%	4.3%
Other countries (21)	DFGX +8.0 points	5.7%	13.7%

Outside the US: DFGX 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

CPLB28.3%
DFGX14.4%

Securities held

CPLB1,100
DFGX721

Asset class

CPLB: Fixed Income
DFGX: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. CPLB holds 1,100 securities, DFGX 721.

All 1,042 CPLB holdings⁠All 666 DFGX 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.

CPLB vs DFGX Cost

Overpaying CPLB vs DFGX

$1,994

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

CPLB 0.30%
$6,149
DFGX 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

CPLB 0.30%
DFGX 0.20%
Overpaying

Year by year

Year	CPLB	DFGX	Overpaying
10	$545	$365	$180
20	$2,113	$1,421	$692
30	$6,149	$4,155	$1,994

Expense ratio

0.30%CPLB
0.20%DFGX, cheaper

DFGX0.20%CPLB0.30%

0.05%1.15%

Middle half of Global Aggregate Bond (Unhedged) funds
Median 0.40%

DFGX 2nd cheapest of 28 funds

CPLB 6th cheapest of 28 funds

CPLB vs DFGX Dividends

Last 12 months to Nov 2, 2026

Yield (12M): CPLB 5.98%, better; DFGX 4.92%
Payout (12M): CPLB $1.21; DFGX $2.55
Last payment: CPLB $0.08; DFGX $0.20
Ex-dividend: CPLB Oct 30, 2026; DFGX Oct 20, 2026
Paid on: CPLB Pays Nov 3, 2026; DFGX Oct 22, 2026
Frequency: CPLB Monthly; DFGX Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

CPLBMonthly · 46 paymentsAll CPLB payments⁠

DFGXIrregular · 15 paymentsAll DFGX payments⁠

CPLB vs DFGX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CPLB 5.4%DFGX 4.1%since Dec 2023
Return per unit of riskSharpe ratio, 3 years: CPLB 0.45DFGX −0.16since Dec 2023
Worst fallMax drawdown, 5 years: CPLB −18.5%DFGX −3.4%since Nov 2023
Market sensitivityBeta, 5 years: CPLB 0.92DFGX 0.20; Market = 1

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