ETF Evaluator:
Capital Group New Geography Equity ETF ()
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(as of Aug 26)
Best Performing in Diversified Emerging Mkts Over the Last Year
| 114.0% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 81.0% | FT EM Human Flourishing ETF (FTHF) |
| 68.7% | First Trust Bloomberg Emr Mkt Dem ETF (EMDM) |
| 67.8% | Freedom 100 Emerging Markets ETF (FRDM) |
| 59.4% | Pacific NoS Global EM Equity Active ETF (GEME) |
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ETF Details
Capital Group New Geography Equity ETF Overview
Capital Group New Geography Equity ETF (CGNG) is an actively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). Capital Group launched the ETF in 2024.
The investment seeks long-term capital appreciation.
Under normal market conditions,the fund will invest at least 80% of its assets in equity securities. The fund invests primarily in common stocks of companies with significant exposure to developing countries. The securities markets of these countries may be referred to as emerging markets or frontier markets. The fund is non-diversified.
About Capital Group New Geography Equity ETF (CGNG)
There are 11 members of the management team with an average tenure of 2.10 years: Akira Shiraishi (2024), Lisa Thompson (2024), Christopher Thomsen (2024), Bradford Freer (2024), Matt Hochstetler (2024), Winnie Kwan (2024), Tomonori Tani (2024), Dawid Justus (2024), Piyada Phanaphat (2024), Robert Lovelace (2024) and Carl Kawaja (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Capital Group New Geography Equity ETF has 256 securities in its portfolio. The top 10 holdings constitute 31.4% 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 New Geography Equity ETF is part of the Equity global asset class and is within the International Equity ETF group. Capital Group New Geography Equity ETF has 81.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 15.7% There is 81.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Capital Group New Geography Equity ETF has 2.3% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is below the $3 billion average for the Diversified Emerging Mkts 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.
CGNG 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 New Geography Equity ETF expense ratio is above average compared to funds in the Diversified Emerging Mkts category. Capital Group New Geography Equity ETF has an expense ratio of 0.64%, which is 24% higher 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 New Geography Equity ETF has a portfolio turnover rate of 63%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 44% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Capital Group New Geography Equity ETF returned -3.3%, which earned it a grade of C, as the Diversified Emerging Mkts category had an average return of -3.0%. 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 New Geography Equity ETF has a trailing yield of 0.60%, which is below the 2.41% category average.
The fund normally distributes its income annually 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 New Geography Equity ETF Grades
Year to date, the ETF has returned 12.5%, 4.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 26.4% over the past year (grade of D).
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CGNG 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 |
|
| CGNG Return (NAV) | -3.3% | 4.2% | 26.4% | na | na | na |
| CGNG Return (Price) | -4.8% | 2.4% | 25.7% | na | na | na |
| NAV +/- Price Return | 1.469% | 1.823% | 0.713% | na | na | na |
| Diversified Emerging Mkts Avg | -3.0% | 3.0% | 31.9% | 16.6% | 7.1% | 7.8% |
| CGNG Grade (NAV) | C | B | D | na | na | na |
| +/- Category (NAV) | -0.3% | 1.3% | -5.5% | na | na | na |
| CGNG Tax-Cost Ratio | na | na | 0.3% | na | na | na |
CGNG Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CGNG Return (NAV) | 12.5% | 29.9% | na | na | na | na | na | na | na | na | na |
| CGNG Return (Price) | 11.7% | 29.8% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.062% | -0.005% | na | na | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 17.1% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| CGNG Grade (NAV) | D | C | na | na | na | na | na | na | na | na | na |
| +/- Category | -4.6% | 0.7% | 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: | 0.6% |
| Total Assets: | $ 2,791 Mil |
| Share Class Assets: | $ 2,791 Mil |
| Turnover: | 63.0% |
| Expense Ratio: | 0.64% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 11 | |||
| Longest Tenure: 2.1 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): Shiraishi Akira (2024), Thompson Lisa (2024), Thomsen Christopher (2024), Freer Bradford (2024), Hochstetler Matt (2024), Kwan Winnie (2024), Tani Tomonori (2024), Justus Dawid (2024), Phanaphat Piyada (2024), Lovelace Robert (2024), Kawaja Carl (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 256 |
| % in Top 10 Holdings: | 31.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 81.8% |
Portfolio Allocation |
|
| Domestic Stock: | 15.7% |
| Foreign Stock: | 81.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 2.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Capital Group |
| Phone Number: | 202-371-8300 |
| Website: | |
| Inception Date: | June 25, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.64% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.52% |
