At a glance
CGUS charges 0.33% a year, above the 0.14% average of the 8 funds most like it (the 8th cheapest of 9). It has $11.81B in assets, the 7th largest of that group; it paid 0.83% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +11.4% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds; over three years it returned +23.8% a year. Its ten largest positions make up 42.2% of the fund, out of 67 in all.
The short version
Capital Group Core Equity ETF (CGUS) is an actively managed fund that held 67 mostly large U.S. stocks as of August 31, 2026. Several Capital Group portfolio managers pick the stocks instead of following an index. It aims for both growth and income and leans heavily on technology, with NVIDIA, Microsoft and Broadcom as its largest positions. Its 0.33% expense ratio is more than double the 0.14% average of similar funds.
Price history
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CGUS +11.4% 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 | |
|---|---|---|---|---|---|---|
| CGUS official prospectus, to Dec 31, 2025 | — | +16.26% | — | — | — | +14.89% |
| CGUS price data to Oct 27, 2026 | +11.7% | +11.4% | +23.8% | — | — | +14.2% |
- Over the year to Oct 27, 2026, CGUS returned +11.4%, 3rd of 9 among similar funds.
- Its worst full calendar year was 2025 (+16.2%); its best was 2023 (+27.7%).
- The deepest fall in its price history was 21.8% (Mar 29, 2022 to Sep 30, 2022), recovered by Jul 12, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +11.8% | — |
| 2025 | +16.2% | +16.26% |
| 2024 | +24.9% | +24.84% |
| 2023 | +27.7% | +27.64% |
| 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) | $0.2600 | |
| 2025 | $0.3900 | +8.3% |
| 2024 | $0.3600 | +5.9% |
| 2023 | $0.3400 |
What's inside
As of Aug 31, 2026, the fund held 67 securities; the ten largest made up 42.2% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 7.43% | |
| Microsoft Corp | 7.05% | |
| Broadcom Inc | 5.46% | |
| Amazon.com Inc | 4.88% | |
| Eli Lilly & Co | 3.71% | |
| Meta Platforms Inc | 3.54% | |
| Alphabet Inc | 3.09% | |
| Taiwan Semiconductor Manufacturing Co Ltd | 2.49% | |
| Apple Inc | 2.39% | |
| Applied Materials Inc | 2.15% | |
| RTX Corp | 2.06% | |
| Vertex Pharmaceuticals Inc | 1.90% | |
| JPMorgan Chase & Co | 1.86% | |
| Alphabet Inc | 1.85% | |
| Starbucks Corp | 1.84% |
By country
United States 85.79%Ireland 3.44%Canada 2.98%Taiwan 2.49%United Kingdom 1.69%By asset type
Stocks 99.4%By sector
Sectors of the companies held, for the 81.3% 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 $756.6M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.82%, +0.40%, +0.83%.
How it works
CGUS does not track an index. Capital Group picks companies it believes can rise in value, pay dividends, or both. The fund normally keeps at least 80% of its assets in stocks and similar securities. These include preferred stock, convertibles and depositary receipts, which are certificates that represent shares of foreign companies. Up to 15% can go outside the U.S. at the time of purchase. As of August 31, 2026, about 85.8% was in U.S. companies, with smaller amounts in Ireland, Canada, Taiwan and the United Kingdom.
Capital Group uses a multiple-manager system. The portfolio is split into segments, and each segment is run by an individual manager. Their shared approach is to look for attractively valued companies with good long-term prospects. They drop a stock when it no longer looks relatively attractive. There is no fixed weighting formula or rebalancing schedule, so position sizes reflect the managers' judgment. Turnover was 16%, which means only about a sixth of the portfolio was replaced over a year.
As of August 31, 2026, the 10 largest positions made up 42.2% of assets. NVIDIA was 7.4%, Microsoft 7.0% and Broadcom 5.5%. The fund held no derivatives and only 0.57% in cash. Like any ETF, it trades at a market price that can differ slightly from the value of its holdings. Because people run it, it can also lag the market.
What it really costs
- CGUS charges 0.33% a year, versus an average of 0.14% for the similar funds below (8th 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 |
|---|---|---|---|---|
| CGUS | $34 | $106 | $185 | $418 |
In a retirement portfolio
It is a broad portfolio of large, mostly U.S. stocks that could anchor the stock part of a long-term portfolio, though with a manager's picks rather than an index.
CGUS could anchor the U.S. stock part of a portfolio with 67 large companies chosen by Capital Group managers. Its record is short. It launched in February 2022, so it has no history through the 2008 or 2020 crashes and missed the start of the 2022 bear market. It still fell 21.8% from March 29 to September 30, 2022. It did not regain its peak until July 12, 2023, about 9.4 months after the low. Every full calendar year since then has been positive. The weakest, 2025, returned 16.26%. Anyone who had to draw money during a drop like 2022's would have locked in losses.
Income is small. The trailing 12-month yield was 0.83% as of October 27, 2026, paid quarterly. The SEC's standard $10,000 example puts costs at about $34 after one year and $418 after 10 years. 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 who want one fund holding about 67 large, mostly U.S. companies picked by Capital Group managers rather than by an index.
- Long-term holders comfortable with heavy technology exposure: NVIDIA, Microsoft and Broadcom made up about 20% of assets as of August 31, 2026.
- People who value a multi-manager approach with low 16% turnover and accept a 0.33% expense ratio for it.
Look elsewhere if
- Cost-focused investors: the fund's 0.33% expense ratio ranks 8th of 9 similar funds. Vanguard Mega Cap ETF (MGC) charges 0.07%.
- Income seekers: the trailing yield was just 0.83% as of October 27, 2026, paid quarterly.
- Those wanting a long track record: it launched in February 2022, and its three-year return ranked last of nine similar funds as of October 27, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| CGUS this fund | — | 0.33% | $11.81B | +11.4% | +23.8% |
| CGDV Capital Group Dividend Value ETF | 64% | 0.33% | $38.69B | +15.6% | +23.9% |
| XLG Invesco S&P 500® Top 50 ETF | 51% | 0.2% | $10.56B | +6.9% | +25.3% |
| MGC Vanguard Mega Cap ETF | 51% | 0.07% | $10.90B | +13.5% | +26.0% |
| OEF iShares S&P 100 ETF | 50% | 0.2% | $20.04B | +8.3% | +23.3% |
| SPYG SPDR Portfolio S&P 500 Growth ETF | 50% | 0.04% | $52.99B | +7.2% | +25.3% |
| IVW iShares S&P 500 Growth ETF | 50% | 0.18% | $74.97B | +7.0% | +25.2% |
| VOOG Vanguard S&P 500 Growth ETF | 49% | 0.07% | $27.12B | +9.4% | +27.5% |
Questions investors ask
Is CGUS an index fund?
No. CGUS is actively managed by Capital Group. The portfolio is split among several managers. Each picks stocks they see as attractively valued, with potential for growth, dividends or both. At least 80% of assets go into stocks, and up to 15% can be invested outside the U.S. As of August 31, 2026, it had 67 holdings, and the top 10 made up 42.2% of assets. The trade-off is that the managers' choices can lag the broader market.
CGUS vs CGDV: what's the difference?
Both are actively managed Capital Group ETFs that charge 0.33% a year, and 64% of their holdings overlap. CGDV, the Capital Group Dividend Value ETF, is much larger: $38.7 billion in net assets against $11.8 billion for CGUS as of August 31, 2026. CGDV returned 16.2% over one year and 26.6% a year over three years as of October 29, 2026. CGUS returned 11.4% and 23.8% as of October 27, 2026.
Does CGUS pay dividends?
Yes. CGUS pays dividends quarterly, but the amounts are small. Over the 12 months to October 27, 2026, it paid about $0.37 per share, a yield of 0.83%. Income is part of the fund's stated objective alongside long-term growth. In practice, most of its return has come from rising share prices. Investors who need meaningful income from their stock holdings may find the payout modest.
What is the expense ratio of CGUS?
The expense ratio is 0.33% a year, all of it management fee and with no waiver, according to the prospectus filed July 31, 2026. The average for similar funds is 0.14%, and CGUS ranks 8th of 9 on cost. Vanguard Mega Cap ETF (MGC) charges 0.07%. Under the SEC's standard example of $10,000 earning 5% a year, CGUS costs about $34 after one year, $185 after five and $418 after 10.
How has CGUS performed since it launched?
CGUS has had positive returns in every full calendar year: 27.64% in 2023, 24.84% in 2024 and 16.26% in 2025. Since its 2022 launch, it averaged 14.89% a year through December 31, 2025. Its strongest quarter was up 13.08% (late 2023) and its weakest was down 4.19% (early 2025). Its deepest drop was 21.8% in 2022, which took until July 2023 to recover. It returned 11.4% for the year to October 27, 2026.