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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)
$1,002,318
AUM
$82,434,955
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
EXETER AUTOMOBILE RECEIVABLES EART 2022 6A E 144A
1.87%
n/a
MULTIFAMILY CONNECTICUT AVENUE MCAS 2020 01 M10 144A
1.56%
n/a
MISSION LANE CREDIT CARD MASTE 01/28 12.09
1.21%
n/a
WELLS FARGO COMMERCIAL MORTGAG WFCM 2018 C46 B
1.07%
n/a
EXETER AUTOMOBILE RECEIVABLES EART 2019 3A E 144A
0.96%
n/a
CF HIPPOLYTA ISSUER LLC SORT 2020 1 A1 144A
0.74%
n/a
3650R COMMERCIAL MORTGAGE TRUS 3650R 2022 PF2 B
0.72%
n/a
SMB PRIVATE EDUCATION LOAN TRU SMB 2021 A D1 144A
0.70%
n/a
AVIS BUDGET RENTAL CAR FUNDING AESOP 2022 5A B 144A
0.67%
n/a
BANK 2022-BNK44 B
0.67%
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 DIAL, WFHY, HYDW

CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
FDHY
Fidelity Covington Trust - Fidelity High Yield Factor ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor 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
Related toCGMS

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

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.

The top holdings for CGMS include EXETER AUTOMOBILE RECEIVABLES EART 2022 6A E 144A, MULTIFAMILY CONNECTICUT AVENUE MCAS 2020 01 M10 144A, and MISSION LANE CREDIT CARD MASTE 01/28 12.09.

CGMS has 417 total holdings.

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 0.0115%. This is the percent change in the value of CGMS over the most recent 1-month period. The 3-month return on CGMS is 0.0649%. This is the percent change in the value of CGMS over the most recent 3-month period.

ETFs similar to CGMS include AGG, BSV, and BND.

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

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

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.