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ETFs

Capital Group U.S. Multi-Sector Income ETF

CGMS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 25 2022
Expense Ratio
0.39%
Type
US Bonds
Fund Owner
Capital Group
Volume (1m avg. daily)
$2,239,614
AUM
$205,878,627
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CMQXX
Capital Group Central Fund Series - Capital Group Central Cash Fund Class M
2.64%
n/a
DRYDEN SENIOR LOAN FUND DRSLF 2020 78A D 144A
0.92%
n/a
NET OTHER ASSETS
0.72%
n/a
BX TRUST BX 2023 VLT2 D 144A
0.71%
n/a
DC COMMERCIAL MORTGAGE TRUST DC 2023 DC D 144A
0.68%
n/a
MULTIFAMILY CONNECTICUT AVENUE MCAS 2020 01 M10 144A
0.63%
CHTR5233166
CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 01/34 4.25
0.57%
BA30A
Boeing Co. - 5.15% NT REDEEM 01/05/2030 USD 2000
0.57%
n/a
HERTZ VEHICLE FINANCING LLC HERTZ 2023 4A C 144A
0.54%
FMCC5010226
FREDDIE MAC STACR STACR 2020 DNA3 B1 144A
0.54%
Invest with CGMS

What is CGMS?

The fund's investment objective is to provide a high level of current income. Its secondary investment objective is capital appreciation. The fund normally invests at least 80% of its assets in issuers domiciled within the United States. The fund invests primarily in bonds and other debt instruments, which may be represented by derivatives. In seeking to achieve a high level of current income, the fund invests in a broad range of debt securities across the credit spectrum including high-yield corporate debt, investment grade corporate debt and securitized debt. The proportion of securities held by the fund within each of these credit sectors will vary with market conditions and the investment adviser's assessment of their relative attractiveness as investment opportunities. The fund may opportunistically invest in other sectors including, but not limited to, U.S. government debt, municipal debt and non-corporate credit, in response to market conditions.

ETFs related toCGMS

ETFs correlated to CGMS include IBDY, DIAL, HYDW

CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
ANGL
VanEck ETF Trust - VanEck Fallen Angel High Yield Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
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Create your own algorithmic trading strategy with CGMS using Composer

FAQ

CGMS is a US Bonds ETF. The fund's investment objective is to provide a high level of current income. Its secondary investment objective is capital appreciation. The fund normally invests at least 80% of its assets in issuers domiciled within the United States. The fund invests primarily in bonds and other debt instruments, which may be represented by derivatives. In seeking to achieve a high level of current income, the fund invests in a broad range of debt securities across the credit spectrum including high-yield corporate debt, investment grade corporate debt and securitized debt. The proportion of securities held by the fund within each of these credit sectors will vary with market conditions and the investment adviser's assessment of their relative attractiveness as investment opportunities. The fund may opportunistically invest in other sectors including, but not limited to, U.S. government debt, municipal debt and non-corporate credit, in response to market conditions.

Yes, CGMS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CGMS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CGMS is -0.0019%. This is the percent change in the value of CGMS over the most recent 1-month period. The 3-month return on CGMS is 0.0037%. This is the percent change in the value of CGMS over the most recent 3-month period.

ETFs similar to CGMS include GVI, BLV, and BSV.

ETFs correlated to CGMS include IBDY, DIAL, and HYDW.

ETFs that are inversely correlated to CGMS include SJB, TBX, and PST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.