What Is CGGR? Capital Group Growth ETF
Last updated September 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 $24.8B, charges 0.39% and yields 0.15%. The line-up is familiar without being standard. Meta Platforms is the largest listed position at 6.4%, Tesla sits at 5.8%, and Micron Technology at 5.1% ranks above NVIDIA at 4.8%. Apple does not appear in the top ten at all, which almost never happens in an index-tracking growth fund. Technology is 41% of the portfolio, communication services 16% and consumer discretionary 14%. The top ten holdings come to roughly 42% of assets.
CGGR is issued by Capital Group and tracks Actively managed, no tracked index. It charges a 0.39% expense ratio, holds approximately $24.8B in assets under management, yields about 0.15%, and launched in 2022.
What the manager chose to leave out
The quickest way to read an active fund is to look for the famous name that is missing. In CGGR the missing name is Apple. Every large cap-weighted growth index puts Apple in its top two or three positions, so its absence from a ten-name list that runs down to 2.4% 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 Micron at 5.1%, ranked above NVIDIA at 4.8%. Memory is a more cyclical business than accelerator design, with pricing that swings on supply decisions taken years earlier. A fund that sizes Micron above NVIDIA 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 3.2% and Class A at 3.1%, so the company is really a 6.3% position and effectively ties with Meta 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 0.15% yield is a consequence of what the fund owns rather than a policy choice. A portfolio led by Meta, Tesla, Micron and NVIDIA 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 absent 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 August 2026. Each ticker links to its individual stock guide in Walnut.
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 August 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.
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 leave out a company as large as Apple, and why the 5.1% Micron position can sit above the 4.8% NVIDIA position, which no cap-weighted index would produce.
Why is Apple missing from the top holdings?
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Apple does not appear in CGGR's ten largest positions, which run from 6.4% down to 2.4%. 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 absence 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 3.2% 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 6.3% of the fund. Anyone tallying concentration should combine the lines, which makes Alphabet close to a tie with Meta Platforms 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, Tesla, Micron, NVIDIA, Broadcom, Microsoft, Alphabet, Visa and Amazon 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 42% 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 August 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 August 2026; verify current figures against Capital Group's fund page or your broker before investing.