ETF Evaluator:
Capital Group Core Bond ETF ()
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(as of Aug 26)
Best Performing in Intermediate Core Bond Over the Last Year
| 7.3% | Aptus Enhanced Yield ETF (JUCY) |
| 6.6% | SGI Enhanced Core ETF (USDX) |
| 5.9% | Hartford Schroders Tax-Aware Bond ETF (HTAB) |
| 5.1% | Overlay Shares Core Bond ETF (OVB) |
| 4.8% | NEOS Enhanced Income Aggregate Bond ETF (BNDI) |
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Risk
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ETF Details
Capital Group Core Bond ETF Overview
Capital Group Core Bond ETF (CGCB) is an actively managed Taxable Bond Intermediate Core Bond exchange-traded fund (ETF). Capital Group launched the ETF in 2023.
The investment seeks to provide as high a level of current income as is consistent with the preservation of capital.
The fund advisor seeks to maximize the investors level of current income and preserve the investors capital by investing primarily in bonds. Normally the fund invests at least 80% of its assets in bonds and other debt securities, which may be represented by derivatives such as futures contracts and swaps. The fund is non-diversified.
About Capital Group Core Bond ETF (CGCB)
There are 3 members of the management team with an average tenure of 2.85 years: Pramod Atluri (2023), Oliver Edmonds (2023) and Chit Purani (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Capital Group Core Bond ETF has 780 securities in its portfolio. The top 10 holdings constitute 38.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Capital Group Core Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Capital Group Core Bond ETF has 14.1% 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 98.1% (84.0% domestic bond, 14.1% foreign bond and 0.0% convertible bond). Capital Group Core Bond ETF has 1.9% of the portfolio in cash.
Assets Under Management
The fund has $5 billion in total assets, which is below the $6 billion average for the Intermediate Core 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.
CGCB 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 Core Bond ETF expense ratio is below average compared to funds in the Intermediate Core Bond category. Capital Group Core Bond ETF has an expense ratio of 0.27%, which is 16% 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 Core Bond ETF has a portfolio turnover rate of 57%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 95% for the Intermediate Core Bond category.
Recently, in the month of July 2026, Capital Group Core Bond ETF returned -1.3%, which earned it a grade of D, as the Intermediate Core Bond category had an average return of -1.2%. 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 Core Bond ETF has a trailing yield of 4.30%, which is below the 4.44% 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 Core Bond ETF Grades
Year to date, the ETF has returned -0.6%, 0.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.8% over the past year (grade of C).
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CGCB 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 |
|
| CGCB Return (NAV) | -1.3% | -0.8% | 2.8% | na | na | na |
| CGCB Return (Price) | -1.2% | -0.7% | 2.8% | na | na | na |
| NAV +/- Price Return | -0.114% | -0.077% | 0.001% | na | na | na |
| Intermediate Core Bond Avg | -1.2% | -0.7% | 3.0% | 4.0% | -0.3% | 1.5% |
| CGCB Grade (NAV) | D | C | C | na | na | na |
| +/- Category (NAV) | -0.1% | -0.1% | -0.3% | na | na | na |
| CGCB Tax-Cost Ratio | na | na | 1.7% | na | na | na |
CGCB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CGCB Return (NAV) | -0.6% | 7.3% | 1.6% | na | na | na | na | na | na | na | na |
| CGCB Return (Price) | -0.6% | 7.3% | 1.4% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.003% | -0.007% | -0.086% | na | na | na | na | na | na | na | na |
| Intermediate Core Bond Avg | -0.4% | 7.1% | 1.9% | 6.0% | -13.2% | -1.5% | 7.6% | 9.1% | -0.5% | 3.7% | 3.0% |
| CGCB Grade (NAV) | D | B | D | na | na | na | na | na | na | na | na |
| +/- Category | -0.2% | 0.2% | -0.3% | 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: | 4.3% |
| Total Assets: | $ 5,726 Mil |
| Share Class Assets: | $ 5,726 Mil |
| Turnover: | 57.0% |
| Expense Ratio: | 0.27% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.9 years | |||
| Average Tenure: 2.9 years | |||
| Managers (Year): Atluri Pramod (2023), Edmonds Oliver (2023), Purani Chit (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 780 |
| % in Top 10 Holdings: | 38.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 14.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 84.0% |
| Foreign Bond: | 14.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Capital Group |
| Phone Number: | 800-421-4225 |
| Website: | capitalgroup.com/etf |
| Inception Date: | September 26, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.27% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.32% |
