ETF Evaluator:
Capital Group Short Duration Income ETF ()
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(as of Aug 26)
Best Performing in Short-Term Bond Over the Last Year
| 6.6% | Overlay Shares Short Term Bond ETF (OVT) |
| 5.0% | AAM SLC Low Duration Income ETF (LODI) |
| 4.6% | SanJac Alpha Low Duration ETF (SJLD) |
| 4.5% | Performance Trust Short Term Bond ETF (STBF) |
| 4.4% | American Century® Short Dur Str Inc ETF (SDSI) |
Risk
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Risk
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ETF Details
Capital Group Short Duration Income ETF Overview
Capital Group Short Duration Income ETF (CGSD) is an actively managed Taxable Bond Short-Term Bond exchange-traded fund (ETF). Capital Group launched the ETF in 2022.
The investment seeks to provide current income, consistent with a short duration profile and with the preservation of capital.
The fund will invest primarily in bonds (bonds include any debt instrument and cash equivalents, and may be represented by derivatives). It maintains a portfolio of bonds, other debt securities and money market instruments consisting primarily of debt securities rated BBB– or Baa3 or better by NRSRO designated by the adviser or unrated but determined to be of equivalent quality by the adviser. The fund’s average portfolio duration is generally expected to be less than 2 years, but may be up to 3 years. The fund is non-diversified.
About Capital Group Short Duration Income ETF (CGSD)
There are 2 members of the management team with an average tenure of 3.77 years: Steven Lotwin (2022) and Vincent Gonzales (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Govt/Credit 1-3 Yr TR USD index with a weighting of 100%. Capital Group Short Duration Income ETF has 1067 securities in its portfolio. The top 10 holdings constitute 7.9% 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 Short Duration Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Capital Group Short Duration Income ETF has 15.3% 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 95.0% (79.6% domestic bond, 15.3% foreign bond and 0.0% convertible bond). Capital Group Short Duration Income ETF has 5.0% 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 Short-Term 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.
CGSD 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 Short Duration Income ETF expense ratio is below average compared to funds in the Short-Term Bond category. Capital Group Short Duration Income ETF has an expense ratio of 0.25%, which is 11% 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 Short Duration Income ETF has a portfolio turnover rate of 32%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Short-Term Bond category.
Recently, in the month of July 2026, Capital Group Short Duration Income ETF returned 0.0%, which earned it a grade of B, as the Short-Term Bond category had an average return of -0.1%. 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 Short Duration Income ETF has a trailing yield of 4.47%, which is below the 4.54% 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 Short Duration Income ETF Grades
Year to date, the ETF has returned 1.0%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 3.7% over the past year (grade of C) and 5.4% over the past three years (grade of C).
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CGSD 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 |
|
| CGSD Return (NAV) | 0.0% | 0.4% | 3.7% | 5.4% | na | na |
| CGSD Return (Price) | 0.1% | 0.5% | 3.7% | 5.3% | na | na |
| NAV +/- Price Return | -0.039% | -0.078% | -0.079% | 0.033% | na | na |
| Short-Term Bond Avg | -0.1% | 0.3% | 3.6% | 5.2% | 2.3% | 2.5% |
| CGSD Grade (NAV) | B | B | C | C | na | na |
| +/- Category (NAV) | 0.1% | 0.1% | 0.1% | 0.1% | na | na |
| CGSD Tax-Cost Ratio | na | na | 1.8% | 1.8% | na | na |
CGSD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CGSD Return (NAV) | 1.0% | 6.2% | 5.5% | 5.1% | na | na | na | na | na | na | na |
| CGSD Return (Price) | 1.1% | 6.1% | 5.5% | 5.0% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.080% | -0.014% | -0.009% | -0.022% | na | na | na | na | na | na | na |
| Short-Term Bond Avg | 1.0% | 6.3% | 5.1% | 6.0% | -5.3% | -0.4% | 4.4% | 5.6% | 1.2% | 1.7% | 2.4% |
| CGSD Grade (NAV) | C | D | B | F | na | na | na | na | na | na | na |
| +/- Category | -0.0% | -0.1% | 0.4% | -0.8% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.25 |
| R-Squared: | 77% |
| Standard Deviation: | 1.6% |
| Category Risk Index: | 0.70 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.13 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.5% |
| Total Assets: | $ 2,411 Mil |
| Share Class Assets: | $ 2,411 Mil |
| Turnover: | 32.0% |
| Expense Ratio: | 0.25% |
| 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: 2 | |||
| Longest Tenure: 3.8 years | |||
| Average Tenure: 3.8 years | |||
| Managers (Year): Lotwin Steven (2022), Gonzales Vincent (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 1067 |
| % in Top 10 Holdings: | 7.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 15.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 79.6% |
| Foreign Bond: | 15.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Capital Group |
| Phone Number: | 800-421-4225 |
| Website: | capitalgroup.com/etf |
| Inception Date: | October 25, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.28% |
