ETF Evaluator:
Capital Group Intl Bd ETF USD-Hdg ()
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(as of Aug 26)
Best Performing in Global Bond-USD Hedged Over the Last Year
| 3.5% | JPMorgan International Bond Opps ETF (JPIB) |
| 3.3% | iShares Global Govt Bd USD Hdg Act ETF (GGOV) |
| 3.3% | Dimensional Global Credit ETF (DGCB) |
| 3.2% | Avantis Credit ETF (AVGB) |
| 3.1% | Dimensional Global Core Pls Fxd Inc ETF (DFGP) |
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ETF Details
Capital Group Intl Bd ETF USD-Hdg Overview
Capital Group Intl Bd ETF USD-Hdg (CGIB) is an actively managed Taxable Bond Global Bond-USD Hedged exchange-traded fund (ETF). Capital Group launched the ETF in 2024.
The investment seeks to provide a high level of current income as is consistent with the preservation of capital.
The fund seeks to maximize the investors' level of current income and preserve the investors' capital by investing primarily in bonds. It will invest at least 80% of its assets in bonds and other debt securities, which may be represented by derivatives. Under normal market conditions, the fund will invest at least 40% of its assets outside the United States. The fund is non-diversified.
About Capital Group Intl Bd ETF USD-Hdg (CGIB)
There are 3 members of the management team with an average tenure of 2.10 years: Andrew Cormack (2024), Philip Chitty (2024) and Tomas Reithinger (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Capital Group Intl Bd ETF USD-Hdg has 367 securities in its portfolio. The top 10 holdings constitute 34.2% 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 Intl Bd ETF USD-Hdg is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Capital Group Intl Bd ETF USD-Hdg has 91.0% 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 98.5% (7.6% domestic bond, 91.0% foreign bond and 0.0% convertible bond). Capital Group Intl Bd ETF USD-Hdg has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $303 million in total assets, which is below the $7 billion average for the Global Bond-USD Hedged 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.
CGIB 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 Intl Bd ETF USD-Hdg expense ratio is average compared to funds in the Global Bond-USD Hedged category. Capital Group Intl Bd ETF USD-Hdg has an expense ratio of 0.45%, which is 95% higher than its category average, making the fund expense ratio grade a F. 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 Intl Bd ETF USD-Hdg has a portfolio turnover rate of 154%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 28% for the Global Bond-USD Hedged category.
Recently, in the month of July 2026, Capital Group Intl Bd ETF USD-Hdg returned -0.8%, which earned it a grade of B, as the Global Bond-USD Hedged category had an average return of -1.1%. 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 Intl Bd ETF USD-Hdg has a trailing yield of 1.45%, which is below the 4.09% 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 Intl Bd ETF USD-Hdg Grades
Year to date, the ETF has returned 0.5%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 2.0% over the past year (grade of C).
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CGIB 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 |
|
| CGIB Return (NAV) | -0.8% | 0.7% | 2.0% | na | na | na |
| CGIB Return (Price) | -0.9% | 0.2% | 1.8% | na | na | na |
| NAV +/- Price Return | 0.058% | 0.518% | 0.145% | na | na | na |
| Global Bond-USD Hedged Avg | -1.1% | 0.3% | 2.4% | 4.3% | 0.6% | 1.7% |
| CGIB Grade (NAV) | B | A | C | na | na | na |
| +/- Category (NAV) | 0.2% | 0.5% | -0.5% | na | na | na |
| CGIB Tax-Cost Ratio | na | na | 0.6% | na | na | na |
CGIB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CGIB Return (NAV) | 0.5% | 4.5% | na | na | na | na | na | na | na | na | na |
| CGIB Return (Price) | 0.4% | 4.7% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.220% | 0.040% | na | na | na | na | na | na | na | na | na |
| Global Bond-USD Hedged Avg | 0.5% | 5.0% | 3.6% | 7.8% | -10.5% | -1.7% | 4.9% | 8.7% | 1.4% | 2.5% | 4.8% |
| CGIB Grade (NAV) | C | D | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.1% | -0.5% | 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: | 1.5% |
| Total Assets: | $ 303 Mil |
| Share Class Assets: | $ 303 Mil |
| Turnover: | 154.0% |
| Expense Ratio: | 0.45% |
| 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: 2.1 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): Cormack Andrew (2024), Chitty Philip (2024), Reithinger Tomas (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 367 |
| % in Top 10 Holdings: | 34.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 91.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 7.6% |
| Foreign Bond: | 91.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.5% |
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 (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.23% |
