ETF Evaluator:
Capital Group High Yield Bond ETF ()
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(as of Aug 26)
Best Performing in High Yield Bond Over the Last Year
| 7.6% | Fidelity Sustainable High Yield ETF (FSYD) |
| 7.4% | Horizon Flexible Income ETF (FLXN) |
| 6.7% | iShares Interest Rate Hdg Hi Yld Bd ETF (HYGH) |
| 6.6% | Fidelity Enhanced High Yield ETF (FDHY) |
| 6.3% | Harbor Ares Systematic High-Yield ETF (SIHY) |
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ETF Details
Capital Group High Yield Bond ETF Overview
Capital Group High Yield Bond ETF (CGHY) is an actively managed Taxable Bond High Yield Bond exchange-traded fund (ETF). Capital Group launched the ETF in 2025.
The investment seeks to provide a high level of current income; its secondary investment objective is capital appreciation.
The fund invests at least 80% of its assets in higher yielding and generally lower quality bonds and other debt securities (rated Ba1 / BB+ or below by Nationally Recognized Statistical Rating Organizations or unrated but determined by the fund’s investment adviser to be of equivalent quality), including corporate loan obligations.
About Capital Group High Yield Bond ETF (CGHY)
There are 3 members of the management team with an average tenure of 1.10 years: Shannon Ward (2025), Tom Chow (2025) and Andy Moth (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Capital Group High Yield Bond ETF has 349 securities in its portfolio. The top 10 holdings constitute 9.2% 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 High Yield Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Capital Group High Yield Bond ETF has 10.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.7% There is 0.0% allocated to foreign stock, and 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 89.5% (78.6% domestic bond, 10.9% foreign bond and 2.2% convertible bond). Capital Group High Yield Bond ETF has 7.2% of the portfolio in cash.
Assets Under Management
The fund has $121 million in total assets, which is below the $1 billion average for the High Yield 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.
CGHY 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 High Yield Bond ETF expense ratio is below average compared to funds in the High Yield Bond category. Capital Group High Yield Bond ETF has an expense ratio of 0.39%, which is 2% 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 High Yield Bond ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the High Yield Bond category.
Recently, in the month of July 2026, Capital Group High Yield Bond ETF returned -0.5%, which earned it a grade of F, as the High Yield Bond category had an average return of -0.2%. 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 High Yield Bond ETF has a trailing yield of 5.53%, which is below the 6.77% 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 High Yield Bond ETF Grades
Year to date, the ETF has returned 1.7%, 0.1 percentage points better than the category, which translates into a grade of C. The fund has returned 5.1% over the past year (grade of C).
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CGHY 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 |
|
| CGHY Return (NAV) | -0.5% | 0.4% | 5.1% | na | na | na |
| CGHY Return (Price) | -0.4% | 0.5% | 5.4% | na | na | na |
| NAV +/- Price Return | -0.080% | -0.158% | -0.242% | na | na | na |
| High Yield Bond Avg | -0.2% | 0.5% | 5.0% | 7.8% | 3.8% | 5.0% |
| CGHY Grade (NAV) | F | D | C | na | na | na |
| +/- Category (NAV) | -0.2% | -0.2% | 0.1% | na | na | na |
| CGHY Tax-Cost Ratio | na | na | 2.2% | na | na | na |
CGHY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CGHY Return (NAV) | 1.7% | na | na | na | na | na | na | na | na | na | na |
| CGHY Return (Price) | 1.9% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.069% | na | na | na | na | na | na | na | na | na | na |
| High Yield Bond Avg | 1.7% | 8.4% | 7.5% | 12.4% | -10.1% | 4.2% | 6.1% | 13.4% | -2.3% | 7.1% | 13.0% |
| CGHY Grade (NAV) | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.1% | na | 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: | 5.5% |
| Total Assets: | $ 122 Mil |
| Share Class Assets: | $ 122 Mil |
| Turnover: | na |
| Expense Ratio: | 0.39% |
| 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: 3 | |||
| Longest Tenure: 1.1 years | |||
| Average Tenure: 1.1 years | |||
| Managers (Year): Ward Shannon (2025), Chow Tom (2025), Moth Andy (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 349 |
| % in Top 10 Holdings: | 9.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.7% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.4% |
| Domestic Bond: | 78.6% |
| Foreign Bond: | 10.9% |
| Convertible Bond: | 2.2% |
| Other: | 0.0% |
| Cash: | 7.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Capital Group |
| Phone Number: | 800-421-4225 |
| Website: | capitalgroup.com/etf |
| Inception Date: | June 24, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.39% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.40% |
