ETF Evaluator:
Capital Group Ultra Short Income ETF (CGUI)
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(as of Sep 03)
Best Performing in Ultrashort Bond Over the Last Year
| 6.2% | iShares Interest Rate Hdg L/T Corp BdETF (IGBH) |
| 5.8% | Simplify Treasury Option Income ETF (BUCK) |
| 5.7% | iShares Interest Rate Hedged Corp Bd ETF (LQDH) |
| 5.3% | iShares Interest Rt Hdg U.S. Aggt Bd ETF (AGRH) |
| 5.3% | NEOS Enhanced Inc 1-3 Month T-Bill ETF (CSHI) |
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ETF Details
Capital Group Ultra Short Income ETF Overview
Capital Group Ultra Short Income ETF (CGUI) is an actively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). Capital Group launched the ETF in 2024.
The investment seeks to provide current income, consistent with an ultra-short duration profile, focused on preservation of capital.
The fund will invest at least 80% of its assets in bonds and other debt securities that accrue income, which may be represented by derivatives. Under normal circumstances, the fund will invest primarily in investment grade, U.S. dollar denominated short-term debt, including: high-quality, short-term money market instruments such as commercial paper and certificates of deposit; U.S. treasury securities and other government securities guaranteed or issued by an agency or instrumentality of the U.S. government; corporate securities.
About Capital Group Ultra Short Income ETF (CGUI)
There are 2 members of the management team with an average tenure of 2.10 years: Steven Lotwin (2024) and Oliver Edmonds (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Capital Group Ultra Short Income ETF has 391 securities in its portfolio. The top 10 holdings constitute 16.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Capital Group Ultra Short Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Capital Group Ultra Short Income ETF has 11.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 71.3% (60.0% domestic bond, 11.3% foreign bond and 0.0% convertible bond). Capital Group Ultra Short Income ETF has 28.7% of the portfolio in cash.
Assets Under Management
The fund has $318 million in total assets, which is below the $5 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CGUI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Capital Group Ultra Short Income ETF expense ratio is low compared to funds in the Ultrashort Bond category. Capital Group Ultra Short Income ETF has an expense ratio of 0.18%, which is 18% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Capital Group Ultra Short Income ETF has a portfolio turnover rate of 26%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.
Recently, in the month of July 2026, Capital Group Ultra Short Income ETF returned 0.3%, which earned it a grade of D, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Capital Group Ultra Short Income ETF has a trailing yield of 3.85%, which is below the 4.07% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Capital Group Ultra Short Income ETF Grades
Year to date, the ETF has returned 2.1%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 4.1% over the past year (grade of C).
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CGUI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CGUI Return (NAV) | 0.3% | 0.9% | 4.1% | na | na | na |
| CGUI Return (Price) | 0.4% | 1.0% | 4.1% | na | na | na |
| NAV +/- Price Return | -0.099% | -0.079% | -0.017% | na | na | na |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.2% | 5.2% | 3.9% | 3.0% |
| CGUI Grade (NAV) | D | D | C | na | na | na |
| +/- Category (NAV) | -0.0% | -0.0% | -0.1% | na | na | na |
| CGUI Tax-Cost Ratio | na | na | 1.6% | na | na | na |
CGUI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CGUI Return (NAV) | 2.1% | 5.0% | na | na | na | na | na | na | na | na | na |
| CGUI Return (Price) | 2.1% | 5.0% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.019% | 0.004% | na | na | na | na | na | na | na | na | na |
| Ultrashort Bond Avg | 2.2% | 4.8% | 5.8% | 6.1% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| CGUI Grade (NAV) | D | C | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.1% | 0.1% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 3.9% |
| Total Assets: | $ 318 Mil |
| Share Class Assets: | $ 318 Mil |
| Turnover: | 26.0% |
| Expense Ratio: | 0.18% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.1 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): Lotwin Steven (2024), Edmonds Oliver (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 391 |
| % in Top 10 Holdings: | 16.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 11.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 60.0% |
| Foreign Bond: | 11.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 28.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Capital Group |
| Phone Number: | 800-421-4225 |
| Website: | capitalgroup.com/etf |
| Inception Date: | June 25, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.18% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.22% |
