Capital Group Core Bond ETF (CGCB)
Capital Group Core Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $25.25, up 0.34% on the session, giving a market capitalisation of $5.45B. Its beta of 0.22 implies it has historically moved less than the broad market.
The Capital Group Core Bond ETF (CGCB) endeavors to deliver a high level of current income, consistent with the diligent preservation of investors' principal capital. Its portfolio primarily consists of debt instruments from corporations and various government bodies (both domestic and international), mortgage-backed securities, and cash. The fund also retains the flexibility to invest in fixed-income securities issued by companies and governments situated outside the United States. Crucially, at least 80% of its total assets will be invested in bonds and other debt instruments, a definition that encompasses cash equivalents and specific preferred securities. The fund may also utilize derivative instruments, such as futures contracts and swap agreements, to represent underlying investments. Finally, up to 5% of the fund's assets may be allocated to common stocks, warrants, or rights, but only if these equity holdings are obtained from the sale of associated debt securities or via debt-for-equity exchanges.
Capital Group Core Bond ETF is most often compared with the following Financial Services names: