Capital Group High Yield Bond ETF (CGHY)
Capital Group High Yield 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 $24.65, down 0.17% on the session, giving a market capitalisation of $55.3M. Its beta of 0.14 implies it has historically moved less than the broad market.
The primary objective of this fund is to deliver a substantial level of current income, with capital appreciation serving as a secondary goal. Its core strategy involves dedicating a minimum of 80% of its total assets to higher-yielding, typically lower-rated debt instruments. This encompasses bonds and other debt securities rated Ba1/BB+ or below, as well as unrated obligations deemed equivalent in quality by the fund's investment adviser, including corporate loans. Additionally, the fund may allocate a portion of its investments to securities linked to economies outside the U.S., including developing nations. It maintains flexibility to invest in debt securities of any maturity or duration.
Capital Group High Yield Bond ETF is most often compared with the following Financial Services names: