Capital Group Municipal High-Income ETF
$24.43−0.29 (−1.19%)
- Expense ratio
- 0.34%
- Fund size
- $3.3B
- 1Y return
- +1.6%
- Yield · Last 12 months
- 4.37%
- Volume · 30D
- 0.5M sh
- NAV per share
- $24.67
- 52W range
The ETF.net CGHM Grade
Score 80 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 78Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 96Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 69Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 99Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 69Category rank
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
- —
- 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.
Returns run to the Sep 22, 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 | −0.3% |
| 1 month | −2.3% |
| 3 months | −3.3% |
| 1 year | +1.6% |
| 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 | −0.3% | |
| 2025 | +4.6% | |
| 2024 | +2.7% |
CGHM in the news
ETF.net Research hasn’t filed on CGHM yet — coverage lands here as it’s written.
CGHM Dividends
- 4.37%
- $1.08
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 1, 2026 | $0.08 |
| Jul 31, 2026 | Aug 3, 2026 | $0.11 |
| Jun 29, 2026 | Jun 30, 2026 | $0.09 |
| May 29, 2026 | Jun 1, 2026 | $0.08 |
| Apr 30, 2026 | May 1, 2026 | $0.09 |
| Mar 30, 2026 | Mar 31, 2026 | $0.09 |
| Feb 27, 2026 | Mar 2, 2026 | $0.10 |
| Jan 30, 2026 | Feb 2, 2026 | $0.06 |
| Dec 24, 2025 | Dec 26, 2025 | $0.11 |
| Nov 28, 2025 | Dec 1, 2025 | $0.08 |
| Oct 31, 2025 | Nov 3, 2025 | $0.10 |
| Sep 29, 2025 | Sep 30, 2025 | $0.08 |
CGHM Risk
- 4.6%
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.
- 0.01
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.
- −5.9%
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
- The middle half of High-Yield Municipal Bonds funds
- Median 0.40%
4 of the 19 High-Yield Municipal Bonds funds charge less.