Capital Group U.S. Multi-Sector Income ETF
Capital Group Fixed Income ETF Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Capital Group U.S. Multi-Sector Income ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2026 Q1
The funds investment objective is to provide a high level of current income.
The fund seeks high current income by investing across the credit spectrum—high-yield corporate debt, investment-grade corporate debt, and securitized debt—with allocations adjusted by the portfolio managers based on market conditions and relative value. The fund may invest substantially in below-investment-grade securities and may hold debt of any maturity or duration. Because the fund's returns depend on the managers' assessments of which securities represent attractive opportunities, performance will diverge from any benchmark reflecting different credit allocations or security selections.
| Share class | Expense ratio | As of |
|---|---|---|
| CGMS | 0.39% | 2025 Q1 |
Portfolio turnover 52.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 76.60% |
| Securitized | 18.66% |
| Stocks | 3.40% |
| Loans | 1.52% |
| 2 smaller | 0.55% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 30.6% |
| Securitized | 18.5% |
| Financials | 11.1% |
| International | 9.1% |
| 12 smaller | 30.8% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: RD MICHIGAN PROP OWNER I, SPACE EXPLORATION TECH, BX Trust, ARES STRATEGIC INCOME FU, HORSESHOE FUND TRST II, RIO GRANDE LNG LLC, Mercury Financial Credit Card Master Trust, KENNEDY-WILSON INC
Largest exited: ARES STRATEGIC INCOME FU, Fannie Mae, GOLDMAN SACHS PRIVATE CR, AMGEN INC, KENNEDY-WILSON INC ×2, DISCOVERY HOLDINGS INC, ORACLE CORP
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 87.0% |
| Floating rate | 12.6% |
| Zero-coupon or unclassified | 0.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.7% |
| 1-3y | 7.1% |
| 3-5y | 19.7% |
| 5-10y | 47.5% |
| 10y+ | 25.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 52% |
| Credit spreads | 48% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.85 yr |
| High yield | +1.52 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.75 yr | 16% |
| 5 yr | 2.02 yr | 43% |
| 10 yr | 1.38 yr | 29% |
| 30 yr | 0.53 yr | 11% |
3 mo is NEGATIVE (-0.00 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.03 yr | 1% |
| 1 yr | 0.61 yr | 14% |
| 5 yr | 1.65 yr | 38% |
| 10 yr | 1.58 yr | 36% |
| 30 yr | 0.50 yr | 11% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.00 | +0.01 | +0.02 | $4.3k | $8.9k |
| 1 yr | +0.75 | +0.21 | +0.41 | $106.8k | $211.2k |
| 5 yr | +2.02 | +0.83 | +0.82 | $428.4k | $424.1k |
| 10 yr | +1.38 | +1.32 | +0.26 | $681.1k | $136.4k |
| 30 yr | +0.53 | +0.49 | +0.02 | $251.5k | $8.0k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 4.68 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| CMQXX | Capital Group Central Cash FundCMQXX | 3.12% | $99.99 | $161.28M | 1.6M |
| — | RD MICHIGAN PROP OWNER I7.50% · due 2045-03-30 | 0.61% | — | $31.36M | — |
| — | BANK OF AMERICA CORP5.04% · due 2037-02-06 | 0.54% | — | $27.74M | — |
| — | MPT OPER PARTNERSP/FINL8.50% · due 2032-02-15 | 0.38% | — | $19.80M | — |
| — | CONNECT FINCO SARL/CONNE9.00% · due 2029-09-15 | 0.38% | — | $19.58M | — |
| — | United States Treasury3.50% · due 2030-11-30 | 0.38% | — | $19.44M | — |
| — | ORACLE CORP5.70% · due 2036-02-04 | 0.37% | — | $18.91M | — |
| — | GOLDMAN SACHS GROUP INC4.94% · due 2036-10-21 | 0.37% | — | $18.91M | — |
| — | Freddie Mac6.00% · due 2055-04-01 | 0.35% | — | $17.91M | — |
| — | NAVIENT CORP5.63% · due 2033-08-01 | 0.34% | — | $17.61M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 6.82% of net assets, top 25 11.40%, across 662 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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