At a glance
CGCV charges 0.33% a year, above the 0.2% average of the 8 funds most like it (the 6th cheapest of 9). It has $2.04B in assets, the 6th largest of that group; it paid 1.56% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +10.3% with distributions reinvested (S&P 500: +11.5%), the weakest of those 9 funds. Its ten largest positions make up 32.2% of the fund, out of 72 in all.
The short version
Capital Group Conservative Equity ETF (CGCV) is an actively managed fund. As of August 31, 2026, it held 72 stocks, mostly large US companies, picked from a list of firms with strong balance sheets and dividends that look sustainable. It aims to balance income, growth and protecting principal. In the year to October 27, 2026, it swung less than the market, but its 0.33% expense ratio is above the 0.20% average for similar funds.
Price history
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CGCV +10.3% 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 | |
|---|---|---|---|---|---|---|
| CGCV official prospectus, to Dec 31, 2025 | — | +16.64% | — | — | — | +15.72% |
| CGCV price data to Oct 27, 2026 | +10.5% | +10.3% | — | — | — | +15.0% |
- Over the year to Oct 27, 2026, CGCV returned +10.3%, 9th of 9 among similar funds.
- Its worst full calendar year was 2025 (+16.6%); its best was 2025 (+16.6%).
- The deepest fall in its price history was 13.1% (Feb 19, 2025 to Apr 8, 2025), recovered by Jun 12, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +10.5% | — |
| 2025 | +16.6% | +16.64% |
| 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) | $0.3800 | |
| 2025 | $0.4400 |
What's inside
As of Aug 31, 2026, the fund held 72 securities; the ten largest made up 32.23% of assets.
| Holding | Weight | |
|---|---|---|
| Microsoft Corp | 5.98% | |
| Broadcom Inc | 4.11% | |
| Eli Lilly & Co | 3.33% | |
| Philip Morris International Inc | 3.32% | |
| Cisco Systems Inc | 2.85% | |
| Apple Inc | 2.84% | |
| Starbucks Corp | 2.71% | |
| JPMorgan Chase & Co | 2.54% | |
| AbbVie Inc | 2.44% | |
| General Electric Co | 2.10% | |
| Mondelez International Inc | 2.09% | |
| Meta Platforms Inc | 2.09% | |
| RTX Corp | 2.06% | |
| NVIDIA Corp | 1.99% | |
| ExxonMobil Holdings Corp | 1.90% |
By country
United States 90.15%United Kingdom 2.16%Ireland 2.12%Taiwan 1.8%Canada 1.06%By asset type
Stocks 98.62%By sector
Sectors of the companies held, for the 85.6% 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 Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $236.2M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +2.23%, +0.91%, -0.12%.
How it works
CGCV does not track an index. Capital Group, the adviser, keeps an "eligible list" of companies, and the fund may buy only stocks on that list. A company gets on the list mainly if the adviser judges that it has a strong balance sheet and can keep paying its dividend. At least 80% of assets go into common stocks and similar securities, such as preferred stock, convertibles and depositary receipts. The fund invests mainly in the United States and Canada and leans toward medium and large companies. US companies made up about 90% of the fund as of August 31, 2026.
Several portfolio managers split the fund. Each one runs a separate slice. They look for attractively valued companies that they see as good long-term investments, and they sell when a stock stops looking attractive. There is no set formula for weighting holdings and no fixed rebalancing schedule. Portfolio turnover, the share of holdings replaced over a year, was 23%.
The fund is "nondiversified": it may put more money into fewer companies than a diversified fund can. As of August 31, 2026, the 10 largest holdings made up 32% of assets, led by Microsoft (6.0%), Broadcom (4.1%), Eli Lilly (3.3%) and Philip Morris International (3.3%). It held no derivatives and about 1.7% in cash. Shares trade on an exchange, so the market price can drift from the value of the holdings.
What it really costs
- CGCV charges 0.33% a year, versus an average of 0.2% for the similar funds below (6th of 9, cheapest first).
- 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 |
|---|---|---|---|---|
| CGCV | $34 | $106 | $185 | $418 |
In a retirement portfolio
It holds dividend-paying stocks screened for balance-sheet strength and moved about 59% as much as the market in the year to October 27, 2026, though it is still an all-stock fund.
CGCV launched on June 25, 2024, so it has no record from the 2008, 2020 or 2022 downturns. Its deepest drop was 13.1%, from February 19 to April 8, 2025, and it recovered by June 12, about two months later. Its only full calendar year, 2025, returned 16.64%. In the year to October 27, 2026, its beta was 0.59, meaning it moved about 59% as much as the market. That short record includes no long bear market, and an all-stock fund can still fall sharply in a year when shares must be sold. Income is modest: a 1.56% yield over the 12 months to October 27, 2026, paid quarterly. In the SEC's standard $10,000 example, costs total $34 after one year and $418 after 10. 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 dividend-paying large US stocks screened for balance-sheet strength, with smaller swings than the market in the year to October 27, 2026.
- People who prefer stock picking by several Capital Group managers over tracking an index, and who accept a 0.33% expense ratio for it.
- Holders comfortable with growth names like Microsoft and Broadcom held alongside steadier dividend payers like Philip Morris, Mondelez and AbbVie.
Look elsewhere if
- Cost-focused investors: Vanguard Mega Cap ETF (MGC) charges 0.07% and SPDR S&P 500 ETF Trust (SPY) 0.0945%, compared with 0.33% here.
- Income seekers who need large cash payouts: the trailing 12-month yield was 1.56% as of October 27, 2026, paid quarterly.
- Anyone wanting a long track record: the fund launched June 25, 2024, and its 1-year return ranked 9th of 9 similar funds.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| CGCV this fund | — | 0.33% | $2.04B | +10.3% | — |
| CGDV Capital Group Dividend Value ETF | 56% | 0.33% | $38.69B | +15.6% | +23.9% |
| TDVG T. Rowe Price Dividend Growth ETF | 43% | 0.5% | $1.38B | +13.6% | +18.7% |
| MGC Vanguard Mega Cap ETF | 41% | 0.07% | $10.90B | +13.5% | +26.0% |
| IWL iShares Russell Top 200 ETF | 38% | 0.15% | $2.19B | +12.5% | +25.5% |
| MODL VictoryShares WestEnd U.S. Sector ETF | 38% | 0.46% | $1.02B | +11.9% | +23.8% |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 37% | 0% | $5.47B | +13.4% | +25.4% |
| USPX Franklin U.S. Equity Index ETF | 35% | 0.03% | $1.98B | +12.9% | +24.9% |
Questions investors ask
Is CGCV good for retirement?
CGCV may suit retirees who want stocks with gentler swings, but it is still an all-stock fund that can lose money. It aims to balance current income, growth and conservation of principal (protecting what you put in). In the year to October 27, 2026, its beta was 0.59, meaning it moved about 59% as much as the market. Its deepest drop so far was 13.1%, in early 2025. It launched in June 2024, so it has never been through a long bear market.
Does CGCV pay monthly dividends?
No. CGCV pays dividends quarterly. Over the 12 months to October 27, 2026, it paid about $0.52 per share, a trailing yield of 1.56%. The fund owns lower-yielding companies such as Microsoft, Broadcom and NVIDIA alongside bigger dividend payers like Philip Morris and AbbVie, which keeps the overall yield modest. Payouts can shrink if the companies it owns cut their dividends, a risk the prospectus names directly.
What's the difference between CGCV and CGDV?
Both are Capital Group ETFs with the same 0.33% expense ratio, and about 56% of their holdings overlap. Capital Group Dividend Value ETF (CGDV) is far larger: $38.7 billion in net assets as of August 31, 2026, compared with $2.0 billion for CGCV. CGDV's 1-year return was 16.2% as of October 29, 2026; CGCV's was 10.3% as of October 27. CGCV may buy only stocks on a list screened for strong balance sheets and sustainable dividends.
Is CGCV an index fund?
No. CGCV is actively managed. It may buy only stocks on an eligible list that Capital Group keeps, based mainly on balance-sheet strength and whether dividends look sustainable. Several portfolio managers each run a slice of the fund and decide what to buy and sell. The fund is nondiversified, so it can hold larger positions in fewer companies. Its turnover was 23%, meaning about a quarter of the portfolio changed over the year.
What is CGCV's expense ratio compared with SPY?
CGCV's expense ratio is 0.33%, according to its prospectus filed July 31, 2026. That compares with 0.0945% for SPDR S&P 500 ETF Trust (SPY) and a 0.20% average across similar funds. In the SEC's standard example, $10,000 earning 5% a year would cost $34 after one year, $106 after three, $185 after five and $418 after 10. CGCV's 1-year return was 10.3% as of October 27, 2026, compared with 13.1% for SPY as of October 29.