Capital Group Core Plus Income ETF (CGCP)
Capital Group Core Plus Income ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $21.64, down 0.07% on the session, giving a market capitalisation of $8.22B. Its beta of 0.95 implies it has historically moved less than the broad market.
The Capital Group Core Plus Income ETF endeavors to generate consistent current income and achieve optimal total returns, while simultaneously safeguarding invested capital. This fund constructs a diverse portfolio of fixed-income instruments, including government and agency bonds, corporate debt, mortgage- and asset-backed securities, municipal obligations, and debt issued by emerging markets and non-U.S. entities. Its holdings also extend to high-yield securities. The target maturities for the bonds within the fund are flexibly managed, adapting to the prevailing investment strategy. Regarding portfolio composition, the fund observes specific limits: Up to 35% of its assets may be invested in securities classified as below investment grade (defined as BB+/Ba1 or lower, or unrated but considered equivalent by the investment adviser at the time of acquisition). This threshold encompasses high-yield corporate bonds and debt from developing country governments and corporations. A maximum of 10% of the portfolio can be allocated to equity securities and instruments possessing both debt and equity characteristics. Investments in securities denominated in currencies other than the U.S. dollar are limited to 35% of assets. Similarly, exposure to securities issued by emerging market entities is capped at 35% of the fund's total assets.
Capital Group Core Plus Income ETF is most often compared with the following Financial Services names: