CGMS

CGMS is an actively managed corporate credit income ETF aiming to deliver a high level of current income by rotating across U.S. investment-grade corporates, high-yield (“junk”) bonds, and securitized debt.

The managers can shift sector weights based on where they see better risk/reward and can also use derivatives (like futures and swaps) to fine-tune exposures.

While it’s U.S.-centric (80%+), it can add up to 20% non-U.S. credit when attractive.