What Is CGGR? Capital Group Growth ETF

Last updated October 2026

Short answer

CGGR is Capital Group Growth ETF, an ETF that tracks Actively managed, no tracked index at a 0.39% expense ratio. CGGR is Capital Group's actively managed large-growth ETF. It launched in 2022, holds $26.0B, charges 0.39% and yields 0.15%. The line-up is familiar without being standard. As of October 2026 Meta Platforms is the largest listed position at 6.6%, followed by NVIDIA at 5.0%, Microsoft at 4.7% and Broadcom at 4.4%. Tesla at 4.0% and Micron Technology at 3.9% both sit above Apple, which only enters the top ten at 2.5%, the last slot, when every cap-weighted growth index puts it near the top. Technology is 41% of the portfolio, communication services 16%, health care 12% and consumer discretionary 11%. The top ten holdings come to roughly 41% of assets. As of 2026-10-16 the share price was up 5.7% year to date and 7.6% over one year, well behind the large technology names it holds.

Ticker
CGGR
Issuer
Capital Group
Tracks
Actively managed, no tracked index
Expense ratio
0.39%
AUM
$26.0B
YTD return
See chart
Dividend yield
0.15%
Inception
2022

CGGR is issued by Capital Group and tracks Actively managed, no tracked index. It charges a 0.39% expense ratio, holds approximately $26.0B in assets under management, yields about 0.15%, and launched in 2022.

Stats as of October 2026. Live prices and current performance show inside Walnut once you connect a broker.

What the manager chose to underweight

The quickest way to read an active fund is to look for the famous name that is missing or small. In CGGR that name is Apple. Every large cap-weighted growth index puts Apple in its top two or three positions; in August it was absent from CGGR's top ten altogether, and as of October 2026 it only just makes the list at 2.5%, in tenth place. That is a decision, not an accident. Whether that decision helps or hurts is not something the holdings table can tell you, but it does tell you the fund is not shadowing an index while charging active fees.

The second signal is the size of Micron. In August it sat at 5.1%, ranked above NVIDIA. By October the order had flipped: NVIDIA is 5.0% and Micron 3.9%, though Micron still outranks Apple and Alphabet's individual share classes. Memory is a more cyclical business than accelerator design, with pricing that swings on supply decisions taken years earlier. A fund that keeps Micron this large is expressing a view about where the AI build-out spends money next, not simply buying the largest AI-linked companies by market value.

Alphabet is worth counting properly. It appears twice, as Class C at 3.3% and Class A at 3.1%, so the company is really about a 6.4% position and effectively ties with Meta at 6.6% at the top of the fund. Holdings tables split it because the two share classes are separate securities. The economic exposure is one company.

The fee sits between two worlds

At 0.39%, CGGR costs several times what a large-growth index ETF charges and roughly half what a traditional actively managed growth mutual fund has historically charged. Capital Group built the ETF range around that gap: the same research organisation, priced closer to passive than to legacy active share classes. Whether the price is fair depends entirely on whether the selection adds anything, which is a question about the future rather than a fact on the page.

The record so far in 2026 is modest. As of 2026-10-16 the share price was up 5.7% year to date and 7.6% over one year, a long way behind large technology funds whose biggest holdings are the same companies CGGR owns in smaller sizes. A single year does not settle whether active selection adds value, but it does show how different the result can be from the growth index.

The 0.15% yield is a consequence of what the fund owns rather than a policy choice. A portfolio led by Meta, NVIDIA, Microsoft and Broadcom generates almost no dividend income, so nearly all of the return has to come from price movement. In a taxable account that is often convenient, because little is distributed as income each year. For anyone drawing cash from a portfolio, it means selling shares rather than spending distributions.

Where it fits and where it does not

CGGR behaves as a concentrated growth sleeve, not as a core US holding. Technology at 41% plus communication services at 16% puts more than half the fund in two sectors that already dominate the broad market, so pairing it with an S&P 500 fund produces heavy overlap at the top and a portfolio that is more tech-weighted than the owner may realise.

It is the wrong tool if you want a fund whose contents you can predict. Active weights change, and the reason Apple is held so lightly today is not published in a rulebook you can read in advance. It is also a poor fit for an income requirement, at a 0.15% yield, and for anyone who wants the cheapest possible exposure to large US growth companies, which is available at a small fraction of 0.39%.

The 2022 inception is short enough that the fund has operated through one market environment rather than several. That is a real limit on what any track record can tell you, and it applies to the strategy inside the ETF wrapper regardless of how long Capital Group has run similar mandates elsewhere.

CGGR holdings: top 10

Approximate weights as of October 2026. Each ticker links to its individual stock guide in Walnut.

RankTickerCompany% of CGGR
1METAMeta Platforms Inc Class A6.6%
2NVDANVIDIA Corp5.0%
3MSFTMicrosoft Corp4.7%
4AVGOBroadcom Inc4.4%
5TSLATesla Inc4.0%
6MUMicron Technology Inc3.9%
7GOOGAlphabet Inc Class C3.3%
8VVisa Inc Class A3.1%
9GOOGLAlphabet Inc Class A3.1%
10AAPLApple Inc2.5%

How do I invest in CGGR?

There are three common ways to get CGGR exposure. Buy shares (or fractional shares) of CGGR directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so CGGR sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. CGGR trades like a stock during market hours, so you buy it the same way you would any listed share.

New to buying funds? See how to buy an ETF, step by step.

Is CGGR a good buy?

Whether CGGR is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks Actively managed, no tracked index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is CGGR a buy?

The bottom line on CGGR

CGGR gives you Actively managed, no tracked index exposure in one ticker at a 0.39% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.

More on CGGR

Whether CGGR is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is CGGR a buy?

CGGR yields 0.15% as of October 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see CGGR dividend: yield and schedule.

For what analysts expect from the companies CGGR holds, its yield as a guide to income, and why no one publishes a price target for the fund itself, see the CGGR forecast.

New to funds like CGGR? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.

Wondering how CGGR fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.

Investing in CGGR with AI

Connect the broker you already use and ask Walnut's AI how CGGR fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.

FAQ

Is CGGR an index fund?

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No. CGGR is actively managed by Capital Group, so there is no benchmark it is required to replicate. Managers pick holdings and set weights within a large-growth mandate. That is why the portfolio can hold Apple at only 2.5%, below Tesla at 4.0% and Micron at 3.9%, which no cap-weighted index would produce.

Why is Apple so small in CGGR?

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Apple was absent from CGGR's ten largest positions in the summer and, as of October 2026, only just enters the list in tenth place at 2.5%. In an actively managed fund that reflects a judgement by the managers rather than an index rule. Capital Group does not publish a reason for individual weightings. What the small position tells a prospective holder is straightforward: this fund does not track the growth index and will not move exactly with it.

Why does Alphabet appear twice?

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Alphabet has two listed share classes, Class C at 3.3% and Class A at 3.1%. Holdings tables list them separately because they are separate securities with separate tickers. Economically it is one company at about 6.4% of the fund. Anyone tallying concentration should combine the lines, which makes Alphabet close to a tie with Meta Platforms at 6.6% rather than a pair of mid-sized positions.

Is 0.39% expensive for this fund?

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It is well above a large-growth index ETF and well below what active growth mutual funds have traditionally charged. The comparison that matters is against the specific alternative you would otherwise hold. Against a cheap growth index tracker, 0.39% is a hurdle the manager has to clear every year before adding anything. Against a legacy active share class, it is a reduction.

Does CGGR pay meaningful dividends?

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No. The yield is 0.15%, which is close to nothing. The companies it holds mostly reinvest rather than distribute, so income is a rounding error in the total return. If a portfolio needs regular cash, that has to come from selling shares or from a separate income holding. The upside is that very little is distributed and taxed as income each year in a taxable account.

How much does CGGR overlap with an S&P 500 fund?

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Substantially at the top. Meta, NVIDIA, Microsoft, Broadcom, Tesla, Micron, Alphabet, Visa and Apple are all large S&P 500 constituents. Holding both funds increases exposure to the same companies rather than diversifying away from them. The difference is in weighting: CGGR concentrates about 41% in ten names and runs technology at 41%, which is heavier than the broad index.

Does the 2022 inception date matter?

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It limits what the fund's own record can show. A strategy launched in 2022 has not been tested across a full cycle of rate regimes, sector rotations and drawdowns inside this wrapper. Capital Group has run growth mandates for far longer, but performance from other vehicles is not this fund's performance. Treat the track record as short and judge the process instead.

Who is CGGR a poor fit for?

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Anyone who wants predictable, rules-based exposure, since active weights shift without notice. Anyone needing income, given the 0.15% yield. Anyone paying close attention to cost, because large-growth index exposure is available far below 0.39%. It also suits poorly as a sole equity holding: with 41% in technology and 16% in communication services, it is a sector-tilted sleeve rather than a diversified core.

What is CGGR's expense ratio?

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CGGR has an expense ratio of 0.39% per year as of October 2026, charged by Capital Group and deducted from the fund's value rather than billed to you separately. On a $10,000 position that is roughly $39 a year. Fees compound over time, so on a long-term holding the expense ratio is one of the few return drivers you control. It is worth comparing against other funds that track Actively managed, no tracked index before you choose.

How do I compare CGGR to similar ETFs?

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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. CGGR's figures are above; the full method is in Walnut's guide on how to compare ETFs.

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Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to October 2026; verify current figures against Capital Group's fund page or your broker before investing.