CGMM Fees and Costs — Capital Group U.S. Small and Mid Cap ETF
Data updated: 2026-08-14
The net expense ratio is 0.51%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $223K in broker commissions, 0.0172% of average net assets, and portfolio turnover was 9%.
CGMM Fees and Expenses
Annual operating expenses and sales charges of CGMM. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CGMM Costs Over Time
On $10,000 invested in CGMM, assuming 5% a year before costs, total costs come to $333 over 5 years, cutting the return by 0.55% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.51%) | $54 | $168 | $293 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $182 | $333 |
| Value after costs | $10,445 | $11,394 | $12,430 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
CGMM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0172%
- Total broker commissions: $223K
- Bought from dealers (principal trades, not a cost): $27.8M
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $2.4M
- Net income from securities lending: $23K (0.002% of average net assets)
CGMM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America, National Association | $59K | 27.65% |
| UBS AG | $39K | 18.40% |
| Morgan Stanley & Co. LLC | $36K | 16.86% |
| J.P. Morgan Securities LLC | $23K | 10.93% |
| Goldman Sachs & Co. LLC | $19K | 9.08% |
| Virtu Americas LLC | $16K | 7.39% |
| Wells Fargo Securities, LLC | $7K | 3.53% |
| Citigroup Global Markets Inc. | $5K | 2.22% |
| Canaccord Genuity LLC | $4K | 2.01% |
| Barclays Bank PLC | $4K | 1.93% |
CGMM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $24.5M | 88.20% |
| Goldman Sachs & Co. LLC | $3.3M | 11.80% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.