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About Capital Group Municipal Income ETF
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Inception date
Oct 25, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Capital Research & Management Co.
Distributor
Capital Client Group, Inc.
CGMU seeks high current income exempt from regular federal income tax, by holding a broad portfolio of US muni bonds. Up to 30% of the funds assets may be subjected to the federal alternative minimum tax. Although the fund is predominantly investment grade, holding at least 65% in debt securities rated at least BBB- or Baa3, it may also invest in junk bonds. The fund may invest in bonds of any maturity or duration. CGMU is managed by a team of portfolio managers that aims to select attractively priced securities believed to be good investment opportunities. The ETF combines the strategies pursued by two related mutual funds offered by the Issuer, thus providing a more efficient, one-ticket approach. The fund managers may engage in active and frequent trading and have full discretion to buy, hold, or sell securities at any time. In its attempt to achieve the objective of higher current income on muni bonds, the fund may accept risks to capital value.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.44%
Securitized1.52%
Cash0.03%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CGMU invests in bonds. The fund's major sectors are Municipal, with 98.44% stocks, and Securitized, with 1.52% of the basket. The assets are mostly located in the N/A region.
CGMU last dividends amounted to 0.08 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 5.54% increase.
CGMU assets under management is 3.15 B USD. It's risen 6.03% over the last month.
CGMU fund flows account for 2.48 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CGMU pays dividends to its holders with the dividend yield of 3.28%. The last dividend (May 1, 2025) amounted to 0.08 USD. The dividends are paid monthly.
CGMU shares are issued by The Capital Group Cos., Inc. under the brand Capital Group. The ETF was launched on Oct 25, 2022, and its management style is Active.
CGMU expense ratio is 0.27% meaning you'd have to pay 0.27% of your investment to help manage the fund.
CGMU follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CGMU invests in bonds.
CGMU price has risen by 0.68% over the last month, and its yearly performance shows a −1.30% decrease. See more dynamics on CGMU price chart.
NAV returns, another gauge of an ETF dynamics, showed a −2.42% decrease in three-month performance and has decreased by −1.25% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −2.42% decrease in three-month performance and has decreased by −1.25% in a year.
CGMU trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.