Capital Group Core Plus Income ETF

Capital Group Core Plus Income ETF (CGCP) is an actively managed bond fund. It holds a mix of U.S. Treasuries, mortgage-backed securities and corporate bonds, and it can put up to 35% of its assets in lower-rated "junk" bonds. It costs 0.34% a year, far more than index funds such as AGG and BND at 0.03%. In return, it had a trailing yield of 5.24% as of October 27, 2026, paid monthly.

• Over the year to Oct 27, 2026, CGCP returned -1.2%, 8th of 8 among similar funds.
• Its worst full calendar year was 2024 (+2.9%); its best was 2025 (+7.4%).
• The deepest fall in its price history was 13.5% (Mar 30, 2022 to Oct 20, 2022), recovered by Aug 2, 2024.

As of Jun 30, 2026, the fund held 1,470 securities; the ten largest made up 20.48% of assets, and 8.34% sat in cash and money-market holdings.

The bonds mature in 15.8 years on average (weighted by size), with an average coupon of 5.33%.

• Over the three months to Jun 30, 2026, investors added a net $1.04B (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.49%, +0.40%, +0.14%.

CGCP does not track an index. A team of Capital Group portfolio managers picks bonds they consider attractively priced and sells them when they no longer look like good value. At least 80% of assets go into bonds and other debt, some of which may be held through derivatives (contracts whose value comes from another asset or rate). The managers may put up to 35% each into junk bonds rated Ba1/BB+ or below, bonds in currencies other than the U.S. dollar, and emerging-market debt. They can also buy inflation-linked bonds.

As of June 30, 2026, the fund held 1,470 securities. About 50% were company debt, 25% U.S. Treasuries and 20% bonds from government-sponsored enterprises such as Fannie Mae and Freddie Mac. The largest single position was a U.S. Treasury bond at 4.3%, and the top 10 made up 20.5%. About 91% was in the U.S. The average maturity was 15.8 years, which makes the fund more sensitive to interest-rate changes.

The fund trades heavily. Its 299% turnover means it replaced the equivalent of its whole portfolio about three times in a year. Several top positions are TBA ("to-be-announced") contracts, which are agreements to buy mortgage bonds for settlement at a later date. Interest-rate swaps and 10-year Treasury futures also appeared in its holdings, and cash made up 8.34%.

• CGCP charges 0.34% a year, versus an average of 0.1% for the similar funds below (7th of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $35 in the first year and $431 over 10 years (assuming a 5% annual return).

Its main stated goal is current income, and it pays monthly from a mix of Treasury, mortgage and corporate bonds.

CGCP launched on February 22, 2022, so it has no record from the 2008 or 2020 crashes, and it missed the start of the 2022 bear market. Even so, it fell 13.5% from March 30 to October 20, 2022, as rising rates pushed bond prices down. It took about 21 months to recover, until August 2, 2024. Anyone selling shares for income during that stretch would have sold below the earlier peak. Its weakest full calendar year was 2024, which still gained about 3%. The trailing yield was 5.24% as of October 27, 2026, paid monthly, which may help cover regular spending. Under the SEC's standard example, the 0.34% expense ratio costs $35 on $10,000 in the first year. Similar funds average 0.10%. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by bond funds with the closest average maturity and issuer mix (N-PORT).