At a glance
CGBL charges 0.33% a year. It has $6.99B in assets; it paid 1.97% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +7.0% with distributions reinvested (S&P 500: +11.5%); over three years it returned +17.4% a year. Its ten largest positions make up 59.3% of the fund, out of 76 in all.
The short version
Capital Group Core Balanced ETF (CGBL) is an actively managed balanced fund that keeps 50% to 75% in stocks and at least 25% in bonds, holding its bonds through other Capital Group ETFs. It doesn't track an index. Instead, a team of managers picks individual stocks such as Broadcom and Taiwan Semiconductor, for an expense ratio of 0.33% a year. It launched in September 2023, so it hasn't yet been through a long bear market.
Price history
The interactive chart needs JavaScript.
CGBL +7.0% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| CGBL official prospectus, to Dec 31, 2025 | — | +15.41% | — | — | — | +19.14% |
| CGBL price data to Oct 27, 2026 | +6.1% | +7.0% | +17.4% | — | — | +15.7% |
- Over the year to Oct 27, 2026, CGBL returned +7.0%.
- Its worst full calendar year was 2025 (+15.3%); its best was 2024 (+16.7%).
- The deepest fall in its price history was 11.7% (Feb 6, 2025 to Apr 8, 2025), recovered by Jun 3, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +6.1% | — |
| 2025 | +15.3% | +15.41% |
| 2024 | +16.7% | +16.67% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.5000 | |
| 2025 | $0.7000 | +14.8% |
| 2024 | $0.6100 |
What's inside
As of Jun 30, 2026, the fund held 76 securities; the ten largest made up 59.32% of assets.
| Holding | Weight | |
|---|---|---|
| Capital Group Core Plus Income ETF | 23.28% | |
| Capital Group Core Bond ETF | 15.64% | |
| Broadcom Inc | 4.58% | |
| Taiwan Semiconductor Manufacturing Co Ltd | 3.49% | |
| Alphabet Inc | 2.79% | |
| Micron Technology Inc | 2.23% | |
| Philip Morris International Inc | 2.07% | |
| Apple Inc | 2.01% | |
| Microsoft Corp | 1.96% | |
| GE Vernova Inc | 1.26% | |
| ATI Inc | 1.24% | |
| Vertex Pharmaceuticals Inc | 1.20% | |
| NVIDIA Corp | 1.20% | |
| Booking Holdings Inc | 1.11% | |
| Meta Platforms Inc | 1.10% |
By country
United States 88.99%Canada 3.59%Taiwan 3.49%Ireland 0.84%Netherlands 0.62%By asset type
Stocks 99.4%By sector
Sectors of the companies held, for the 45.9% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $1.00B (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +6.48%, +3.33%, +0.75%.
How it works
CGBL doesn't follow an index. Its adviser, Capital Group, decides the mix within set limits. Under normal conditions the fund holds 50% to 75% in stocks, at least 25% in bonds, and any remainder in cash and money market instruments (debt that matures in a year or less). The adviser shifts this mix as markets change and as its view of stocks versus bonds changes. Up to 15% may go into stocks of companies based outside the US.
The stock portion is split into segments, and each segment has its own portfolio manager. The managers look for attractively valued companies that offer growth, income or both, and they sell a stock when it no longer looks attractive. Portfolio turnover was 19%. As of June 30, 2026, the largest stock holdings were Broadcom (4.6%), Taiwan Semiconductor (3.5%), Alphabet (2.8%), Micron (2.2%) and Philip Morris (2.1%).
The fund owns its bonds through other Capital Group ETFs. As of June 30, 2026, these were Capital Group Core Plus Income ETF (23.3%) and Capital Group Core Bond ETF (15.6%). Those funds can hold corporate bonds, mortgage- and asset-backed securities, and agency debt that isn't backed by the US government. They can also hold a large share of junk bonds (rated BB+ or below), which pay more but are more likely to default. They have no limits on bond maturity. CGBL is also nondiversified, which means it can put more of its money into fewer issuers.
What it really costs
- CGBL charges 0.33% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $34 in the first year and $418 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| CGBL | $34 | $106 | $185 | $418 |
In a retirement portfolio
Under normal conditions it keeps 50% to 75% in stocks and at least 25% in bonds, so one fund can cover both sides of a portfolio's base.
CGBL launched on September 26, 2023, so it has no record in the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Both of its full calendar years were gains: 16.67% in 2024 and 15.41% in 2025. Its deepest drop was 11.7%, from February 6 to April 8, 2025, and it regained its peak by June 3, 2025, about 1.8 months later. A retiree forced to sell in a deeper or longer slump could face bigger losses than this short record shows.
The trailing yield (the past year's income divided by price) was 1.97% as of October 27, 2026, with payouts made quarterly. The expense ratio is 0.33%, or about $34 in the first year and $418 over a decade on $10,000 in the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting one actively managed balanced fund, at a 0.33% expense ratio, that holds 50% to 75% stocks plus Capital Group bond ETFs.
- Investors seeking total return with some income: it pays quarterly, with a 1.97% trailing yield as of October 27, 2026.
- Those wanting smaller swings than all-stock funds: its one-year beta, a gauge of stock-market sensitivity, was 0.77 as of October 27, 2026.
Look elsewhere if
- Investors wanting a long track record: it launched September 26, 2023, and has never faced a bear market like 2008 or 2022.
- Those wanting only high-grade bonds: its Capital Group bond ETFs, 38.9% of assets as of June 30, 2026, may hold significant lower-rated “junk” bonds.
- Those wary of chip-stock concentration: as of June 30, 2026, Broadcom (4.6%), Taiwan Semiconductor (3.5%) and Micron (2.2%) were among its biggest stocks.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is CGBL good for retirement?
It may suit retirement investors who want stocks and bonds in a single fund. CGBL keeps 50% to 75% in stocks and at least 25% in bonds, charges 0.33% a year and pays income quarterly. The main drawback is its short history. It launched in September 2023 and hasn't been through a deep bear market. Its largest drop so far was 11.7%, in early 2025, and it recovered in under two months.
Does CGBL pay monthly dividends?
No. CGBL pays quarterly. Over the 12 months to October 27, 2026, it paid $0.73 per share, a trailing yield of 1.97%. The payments come from dividends on its stocks and income from its Capital Group bond ETFs. Because the fund is actively managed and its mix shifts, the size of each payment can change from quarter to quarter.
What is CGBL's expense ratio?
CGBL's expense ratio is 0.33% a year, all of it management fee, according to the prospectus filed February 27, 2026. In the SEC's standard example ($10,000 invested, 5% annual return, shares sold at the end of each period), total costs would be about $34 after one year, $106 after three years, $185 after five years and $418 after ten years. The prospectus also notes the fund incurs expenses related to the underlying bond ETFs it owns.
How has CGBL performed since launch?
Its results so far have been strong, but the record covers only a few years. As of December 31, 2025, the prospectus showed a one-year return of 15.41% and an average annual return of 19.14% since the fund's September 2023 launch. Based on price, the fund returned 7% over the year to October 27, 2026, and 17.4% a year over three years. Its worst quarter was a 0.47% loss in early 2025.
Does CGBL hold junk bonds?
Yes, indirectly. CGBL holds its bonds through Capital Group ETFs, mainly Core Plus Income ETF (23.3%) and Core Bond ETF (15.6%) as of June 30, 2026. The prospectus says these funds may hold a large share of bonds rated BB+ or below, often called junk bonds. Such bonds pay higher interest because the issuer is more likely to default, and their prices tend to fall further when markets are under stress.