Capital Group Municipal High-Income ETF
$24.20+0.12 (+0.50%)
- 0.34%
- $3.5B
- −1.2%
- 4.52%
- 0.7M sh
- $24.01
- low $23.81high $30.00
The ETF.net CGHM Grade
A
Score 82 out of 100
- 1 of 19
Score 82 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A78 out of 100Rank 5 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 2 of 18Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A74 out of 100Rank 1 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B68 out of 100Rank 4 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A98 out of 100Rank 1 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B69 out of 100Rank 9 of 19
Our read on CGHM
AIndex high-yield muni funds stop where the ratings stop. CGHM is Capital Group's active version: built to lean into lower-rated and unrated tax-exempt bonds, with the income paid out monthly.
The fund seeks a high level of current income that is exempt from regular federal income tax.
Why people hold it
- The mandate is the whole point: at least 60% in bonds rated BBB+/Baa1 or below, or unrated, the corner of the muni market index funds cap or skip.finance.yahoo.comcapitalgroup.com
- Income lands monthly and is exempt from regular federal income tax, spread across roughly 600 bond positions rather than a few big credits.
- A young fund that is already a multi-billion-dollar one, and what it holds lines up closely with the mandate it advertises.
- Sits in the upper half of the muni ETF field we grade, a solid showing for an active fund fishing in the market's messier waters.
Worth knowing
- At 0.34% it runs above the 0.30% muni cohort median, and well above plain index core muni funds like VTEB (0.03%) and MUB (0.05%).
- Lower-rated and unrated munis carry more credit and liquidity risk than investment-grade muni funds, so swings can be sharper when credit gets stressed.finance.yahoo.com
- Launched in 2024, so the history here is short and has not yet run through a full credit cycle.
CGHM Holdings
- Bonds
- 3,678
- 6%
- Puerto Rico Cmwlth Prc 11/43 Adjustable Var
Geography
- United States100.00%
CGHM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
CGHM$9,875
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CGHM |
|---|---|
| Year to date | −2.5% |
| 1 month | −2.6% |
| 3 months | −5.7% |
| 1 year | −1.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CGHM |
|---|---|---|
| 2026 YTD | −2.5% | |
| 2025 | +4.6% | |
| 2024 | +2.7% |
CGHM in the news
CGHM Dividends
- 4.52%
- $1.09
- $0.09 per share
- Monthly
Distribution history
CGHM Risk
- 5.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.37
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −6.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CGHM Cost
0.34%
CGHM0.34%
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
4 of the 19 High-Yield Municipal Bonds funds charge less.
Other funds in High-Yield Municipal Bonds
- AHYDVanEck High Yield Muni ETFExpense ratio 0.32%1 year return −1.2%
- AHYMBState Street SPDR Nuveen ICE High Yield Municipal Bond ETFExpense ratio 0.35%1 year return −1.8%
- AFMUBFidelity Municipal Bond Opportunities ETFExpense ratio 0.30%1 year return −1.4%
- BSHYDVanEck Short High Yield Muni ETFExpense ratio 0.32%1 year return +0.4%
- BHIMUBlackrock ETF Trust II - Ishares High Yield Muni Active ETFExpense ratio 0.40%1 year return −1.8%