Capital Group High Yield Bond ETF
CGHY
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- Capital Group High Yield Bond ETF (CGHY) is an actively managed exchange-traded fund that seeks to provide a high level of current income with a secondary objective of capital appreciation by investing at least 80% of its assets in higher yielding, generally lower quality bonds and other debt securities, including corporate loan obligations; its portfolio primarily consists of corporate bonds (approximately 88%), open-ended funds, and select other fixed income instruments such as high yield bonds from issuers like OneMain Financial Corporation, Navient Corporation, Medline Borrower LP, Wesco Distribution, IQVIA Inc., and Howard Hughes Holdings Inc.. The ETF emphasizes active management to capitalize on opportunities in the relatively inefficient high yield market, drawing on Capital Group's extensive experience managing nearly $50 billion in high yield assets across mutual funds and other vehicles.. CGHY trades on U.S. exchanges including NYSE Arca, targets investors seeking income from high yield fixed income strategies such as registered investment advisors building model portfolios, and maintains a net expense ratio of 0.39% with total net assets around $52 million.. Launched in June 2025 as Capital Group's first high yield bond ETF, CGHY expands the firm's active ETF suite to 25 funds amid growing demand for actively managed strategies in high yield, where only about 7% of ETFs are active compared to 80% of mutual funds; it was introduced alongside the Capital Group U.S. Large Growth ETF (CGGG) and Capital Group U.S. Large Value ETF (CGVV) to offer focused fixed income and equity exposures powered by Capital Group's multiple manager system and deep research capabilities.. Capital Group Companies, Inc., founded in 1931 and headquartered in Los Angeles, California, serves as the sponsor and investment adviser, operating globally with a focus on active investment management across equities, fixed income, and multi-asset strategies for institutional and retail investors.. The ETF is available primarily to U.S. investors through platforms like brokerage accounts, with no front-end or deferred loads and monthly distributions..