Investments / CGUI Capital Group Ultra Short Income ETF
Bond Funds

CGUI

Capital Group Ultra Short Income ETF
Investments / CGUI Capital Group Ultra Short Income ETF
Bond Funds

CGUI

Capital Group Ultra Short Income ETF

Summary

Current income from high-quality securities with limited interest rate sensitivity. This ultra short duration strategy leverages deep fundamental research to pursue superior returns to cash while seeking capital preservation and liquidity with an average portfolio duration of one year or less.

  • Price at NAV $25.22 as of 11/20/2024 (updated daily)
  • Price at Market Price $25.25 as of 11/20/2024 (updated daily)
  • Fund Assets (millions) $33.3 as of 11/20/2024 (updated daily)
  • portMgrName
    Portfolio Managers1 2
  • expRatio
    Expense Ratio2 0.18%

NAVCumul1Yr,NAVAvg5yr,NAVAvgLifetime/TRMPR_1YTD,ARRMPR_5YTD,ARRMPR_LTD
Returns at (NAV4 
NAV
/Market Price4, 5 
NF_FDD_marketPrice
)%

Read important investment disclosures

  • --/--
    1-year return
  • --/--
    5-year return
  • 2.27/2.31
    Lifetime return
  • 4.68%
    30-Day SEC Yield
Returns as of 10/31/2024 (updated monthly). Yield as of 10/31/2024 (updated monthly).
assetMix

Asset Mix

U.S. Equities
0.0%
Non-U.S. Equities
0.0%
U.S. Bonds
68.6%
Non-U.S. Bonds
8.5%
assetMixCE
Cash & Equivalents 6
composite
22.9%
As of 10/31/2024 (updated monthly)

Fund Statistics

0.6 years
Effective Duration
BS_ED
BS_ED
4.8%
Average Yield to Worst
BS_YTW
BS_YTW
2.5%
Average Coupon
AVGCOUP
avgCoupon
% of net assets as of 11/20/2024 (updated daily).
morningstarFIStyle
Morningstar Stylebox™ - Fixed Income7
Medium Quality
Limited Interest-Rate Sensitivity
Morningstar data as 10/31/2024 (updated monthly)

Description

Fund Objective
To provide current income consistent with an ultra-short duration profile, focused on preservation of capital.
DC_SB
Distinguishing Characteristics
Focused on current income while maintaining interest rate exposure under one year, this fund invests primarily in a high-quality mix of U.S. government bonds, short-term money market instruments such as commercial paper and certificates of deposit, corporate bonds and asset-backed securities of both U.S. and foreign issuers. It seeks a higher income profile than cash and money market funds with a duration of one year or less.
Types of Investments
The fund invests primarily in U.S. dollar denominated, investment-grade, short-term debt, including short-term money market instruments such as commercial paper and certificates of deposit, U.S. government bonds, corporate securities and asset-backed securities. The fund will normally invest more than 25% of its assets in securities issued by companies in the financials group of industries. The fund may invest substantially in debt securities that are tied economically to countries outside the United States, including securities issued by foreign corporations or foreign governments and their agencies and instrumentalities. The fund may also invest in futures contracts and swaps, which are types of derivatives. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index.
Portfolio Restrictions
The fund will invest at least 80% of its assets in bonds and other debt securities that accrue income, which may be represented by derivatives. The fund consists primarily of investment-grade debt with a minimum short-term rating of P-2, A-2, F2, or a minimum long-term rating of BBB- or Baa3, in each case given by the Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser or unrated but determined to be of equivalent quality by the fund’s investment adviser. The fund may invest up to 5% in debt securities rated BB+ or Ba1 or below, but with a minimum rating of BB- (or Ba3). The fund normally seeks to maintain an average portfolio duration of one year or less, and a dollar-weighted average maturity of two years or less. The fund will normally invest more than 25% of its assets in securities issued by companies in the financials group of industries.

Fund Facts

Fund Inception
06/25/2024
Fund Assets (millions)
$33.3
As of 11/20/2024 (updated daily).
Exchange
NYSE Arca, Inc.
Companies/Issuers
168
Holdings are as of 10/31/2024 (updated monthly).
mthDividendsPaid
Regular Dividends Paid 8
Monthly
NAV Price
$25.22
As of 11/20/2024 (updated daily).
Market Price
$25.25
As of 11/20/2024 (updated daily).
Portfolio Turnover (--)
--%
Fiscal Year-End
December
Prospectus Date
05/30/2024
CUSIP
14020Y888
NF_ETFLogic_premium,NF_ETFLogic_discount
Premium/Discount
NF_ETFLogic_premDiscountRatio
0.10%
As of 11/20/2024 (updated daily).
NF_ETFLogic_medianBid
30 Day Median Bid/Ask Spread
NF_ETFLogic_medianBid
0.08%
As of 11/20/2024 (updated daily).

PREMIUM/DISCOUNT DETAILS

Returns3, 4, 5

NAVYTDDaily,TRMPR_YTD,NAVCumul1Yr,TRMPR_1YTD,NAVAvg5yr,ARRMPR_5YTD,NAVAvgLifetime,ARRMPR_LTD
  • Month-End Returns as of 10/31/2024
  • Quarter-End Returns as of 09/30/2024
  • NAV
    Market Price
    ICE BofA 3 Month US Treasury Bill Index
    3217

    Fund inception: 06/25/2024

    The fund's returns for 1 year, 3 years, 5 years and 10 years will be available after the fund's lifetime reaches those durations, respectively.
    NAVYTDDaily,TRMPR_YTD,NAVCumul1Yr,TRMPR_1YTD,NAVAvg5yr,ARRMPR_5YTD,NAVAvgLifetime,ARRMPR_LTD
  • Month-End Returns as of 10/31/2024
  • Quarter-End Returns as of 09/30/2024
  • NAV
    Market Price
    ICE BofA 3 Month US Treasury Bill Index
    3217

    Fund inception: 06/25/2024

    The fund's returns for 1 year, 3 years, 5 years and 10 years will be available after the fund's lifetime reaches those durations, respectively.
    Growth of 10K
    NAVAvgLifetime
    4
    High & Low Prices

    Yield

    distRate12M
    12-month Distribution Rates 9
    NAV
    30-day SEC Yield
    Fund at NAV
    --%4.68%
    As of 10/31/2024 (updated monthly).

    portMgrName
    Portfolio Management1

    • Years of Experience with Fund
    • Years of Experience with Capital Group
    • Years of Experience with Investment Industry
    Oliver Edmonds
    1
    20
    21
    Steven Lotwin
    1
    22

    A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

    Portfolio managers as of the most recent prospectus. Portfolio managers' years of experience are as of the previous calendar year end.

    Ratings & Risk

    Morningstar Rating
    10

    Category
    MorningstarCategory
    Ultrashort Bond

    qualitySummary
    Quality Summary

    Read important investment disclosures

    AAA/Aaa
    17.9%
    AA/Aa
    9.4%
    A
    20.7%
    BBB/Baa
    22.6%
    Unrated
    7.0%
    fixedIncomeCash
    Cash & equivalents 6
    composite
    22.4%
    % of net assets as of 10/31/2024 (updated monthly)

    Average Life Breakdown

    0-4.9 Years
    77.1%
    % of net assets as of 10/31/2024 (updated monthly)

    Holdings

    Bonds Breakdown

    Bond Details

    Total Bond Holdings

    Corporate bonds, notes & loans
    49.0%
    Cash & equivalents
    composite
    22.7%
    Asset-backed obligations
    22.6%
    Mortgage-backed obligations
    5.7%
    % of net assets as of 10/31/2024 (updated monthly)
    TopHLD

    Top Fixed-Income Issuers11

    JPMorgan Chase
    2.2%
    Goldman Sachs
    1.8%
    Citigroup
    1.8%
    Amgen
    1.8%
    Edison International
    1.5%
    PG&E
    1.5%
    Philip Morris International
    1.4%
    Deutsche Telekom
    1.3%
    GLS Auto Receivables Issuer Trust 2024-1
    1.2%
    Connecticut Avenue Securities Trust 2024-R02
    1.1%
    % of net assets as of 10/31/2024 (updated monthly)

    Geographic Breakdown

     
    United States
    68.6%
    ALLCTRY_CECTRY
    Cash & equivalents
    composite
    6
    22.9%
    Europe
    5.9%
    Other (Including Canada & Latin America)
    1.9%
    Asia & Pacific Basin
    0.7%
    % of net assets as of 10/31/2024 (updated monthly)

    Prices & Distributions

    Historical Prices at NAV Month-End
    Historical Prices at NAV Year-End
    No Chart Available.
    Historical Distributions
    as of 11/20/2024
    2018
    Record Date
    Calculated Date
    Pay Date
    Income
    Dividend
    Regular
    NON_DAILY_DIV
    Income
    Dividend
    Special
    NON_DAILY_SP_DIV
    Cap. Gains Long-Term
    CAP_GAIN_PAID
    Cap. Gains Short-Term
    ST_CAP_GAIN_PAID
    07/31/202407/31/202408/01/2024$0.0967$0.00$0.00$0.00
    08/30/202408/30/202409/03/2024$0.0970$0.00$0.00$0.00
    09/27/202409/27/202409/30/2024$0.0947$0.00$0.00$0.00
    10/31/202410/31/202411/01/2024$0.1167$0.00$0.00$0.00
    2018 Year-to-Date:Dividends Subtotal: $0.405Cap Gains Subtotal: $0.000
    Total Distributions: $0.405

    Expenses

    expRatio
    Expense Ratio2

    CGUI
    0.18%
    Ultrashort Bond
    --
    Fund as of most recent prospectus. Morningstar Category as of - (updated -).

    Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. View ETF expense ratios and returns. View current ETF SEC yields.
    Market price returns are determined using the official closing price of the fund's shares and do not represent the returns you would receive if you traded shares at other times.
    Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
    Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
    Capital Group exchange-traded funds (ETFs) are actively managed and do not seek to replicate a specific index. ETF shares are bought and sold through an exchange at the then current market price, not net asset value (NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV when traded on an exchange. Brokerage commissions will reduce returns. There can be no guarantee that an active market for ETFs will develop or be maintained, or that the ETF's listing will continue or remain unchanged.
    Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor's, Moody's and/or Fitch, as an indication of an issuer's creditworthiness. For most funds, unless otherwise noted below, if agency ratings differ, a security will be considered to have received the highest of those ratings, consistent with applicable investment policies. Securities in the Unrated category have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with applicable investment policies.
    The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds.
    The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.
    Funds that concentrate investments in specific asset classes, industries, markets or sectors may underperform or be more volatile than, the general securities markets or funds that do not have such concentration.
    Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.
    Nondiversified funds have the ability to invest a larger percentage of assets in the securities of a smaller number of issuers than a diversified fund. As a result, poor results by a single issuer could adversely affect fund results more than if the fund invested in a larger number of issuers. See the applicable prospectus for details.
    There have been periods when the results lagged the index(es) and/or average(s). The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
    All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
    Portfolios are managed, so holdings will change. Certain fixed income and/or cash and equivalents holdings may be held through mutual funds managed by the investment adviser or its affiliates that are not offered to the public.
    Totals may not reconcile due to rounding.
    Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
    1
    Reflects current team at the time of publication.
    2
    Expense ratios are as of each fund's prospectus/characteristics statement available at the time of publication. The expense ratio for the Capital Group Ultra Short Income ETF is estimated.
    3
    YTD (year-to-date return): For the period from January 1 of the current year to the date shown or from inception date if first offered after January 1 of the current year.
    4
    When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
    5
    ETF market price returns since inception are calculated using NAV for the period until market price became available (generally a few days after inception).        
    6
    Includes cash, short-term securities, other assets less liabilities, accruals, derivatives and forwards. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
    7
    Read more information about Morningstar Style Box methodology. The model for the fixed-income style box is based on the two pillars of fixed-income performance: interest-rate sensitivity and credit quality. The three interest sensitivity groups are limited, moderate and extensive and the three credit quality groups are high, medium and low. These groupings display a portfolio's effective duration and third party credit ratings to provide an overall representation of the fund's risk orientation given the sensitivity to interest rate and credit rating of bonds in the portfolio.
    8
    The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule.
    9
    The distribution rate reflects the fund's past dividends paid to shareholders and may differ from the fund's SEC yield which reflects the rate at which the fund is earning income on its current portfolio of securities. The distribution rate reflects fee waivers and/or expense reimbursements in effect during the period. Without waivers and/or reimbursements, it would be reduced.
    10
    The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past results are not a guarantee of results in future periods. The Morningstar Ratings are based on the share classes of each underlying fund held by the series; other underlying fund share classes may have different performance characteristics.
    11
    The information shown does not include cash and cash equivalents. This includes shares of money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
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    This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
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