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Capital Group Fixed Income ETF Trust (CGCB)CGCB
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Upturn Advisory Summary
08/12/2024: CGCB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.03% | Upturn Advisory Performance  5 | Avg. Invested days: 60 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 08/12/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.03% | Avg. Invested days: 60 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 08/12/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 425636 | Beta - |
52 Weeks Range 23.59 - 27.24 | Updated Date 04/14/2024 |
52 Weeks Range 23.59 - 27.24 | Updated Date 04/14/2024 |
AI Summarization
ETF Capital Group Fixed Income ETF Trust (GFXF) Overview:
Profile:
- Focus: Global Fixed Income Investments
- Asset Allocation: Primarily investment grade, multi-currency bonds
- Strategy: Active management seeking income and capital appreciation across global bond markets.
Objective:
- Maximize total return through a combination of current income and capital appreciation.
Issuer:
Capital Group:
- Established investment management firm with over 90 years of experience.
- Known for active management and strong long-term performance record.
- AUM: $2.6 trillion (as of Q4 2022)
Market Share:
- GFXF holds a small share of the overall fixed income ETF market (around 1%).
- However, it is one of the largest actively managed fixed income ETFs.
Total Net Assets:
- $3.3 billion (as of November 7, 2023)
Moat:
- Experienced and well-regarded portfolio management team.
- Access to Capital Group's extensive global research capabilities.
- Ability to invest in a wider range of bonds compared to many index-tracking ETFs.
Financial Performance:
- 3-year annualized return: 4.5% (as of November 7, 2023)
- Outperformed its benchmark (Bloomberg Barclays Global Aggregate Bond Index) over the past 3 years.
Growth Trajectory:
- Moderate growth expected over the long-term due to increasing demand for actively managed fixed income solutions.
Liquidity:
- Average daily trading volume: around 250,000 shares
- Tight bid-ask spread, indicating good liquidity.
Market Dynamics:
- Interest rate environment: Rising interest rates can negatively impact bond prices.
- Global economic growth: Slower growth can lead to higher bond yields and potentially lower returns.
Competitors:
- iShares Core U.S. Aggregate Bond ETF (AGG): 40% market share
- Vanguard Total Bond Market ETF (BND): 30% market share
Expense Ratio:
- 0.30% per year
Investment approach and strategy:
- Actively managed, aiming to outperform the Bloomberg Barclays Global Aggregate Bond Index.
- Invests in a diversified portfolio of global bonds, including government, corporate, and securitized debt.
Key Points:
- Actively managed by experienced professionals.
- Diversified portfolio across global fixed income markets.
- Competitive expense ratio.
- Potential for higher returns compared to index-tracking ETFs.
Risks:
- Interest rate risk: Rising interest rates can lead to lower bond prices.
- Credit risk: The possibility that bond issuers may default on their obligations.
- Market risk: General market volatility can impact bond prices.
- Currency risk: Changes in foreign exchange rates can impact returns.
Who Should Consider Investing:
- Investors seeking income and potential capital appreciation from a global fixed income portfolio.
- Investors comfortable with the active management style and higher expense ratio compared to passive alternatives.
Fundamental Rating Based on AI:
7.5/10
Justification:
GFXF exhibits strong fundamentals based on its experienced management team, active management approach, and competitive performance. However, the relatively small market share and potential risks associated with active management limit the overall rating.
Resources and Disclaimers:
- Capital Group website: https://www.capitalgroup.com/individual/investments/etfs/gfex.html
- ETF.com: https://www.etf.com/gfex
- Bloomberg: https://www.bloomberg.com/quote/GFXF:US
Disclaimer:
This information is provided for educational purposes only and should not be considered investment advice. Please consult with a qualified financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Capital Group Fixed Income ETF Trust
The fund advisor seeks to maximize the investors level of current income and preserve the investors capital by investing primarily in bonds. Normally the fund invests at least 80% of its assets in bonds and other debt securities, which may be represented by derivatives such as futures contracts and swaps. The fund is non-diversified.
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