Capital Group Municipal Income ETF
$26.19+0.11 (+0.42%)
- 0.27%
- $7.0B
- −1.2%
- 3.54%
- 1.8M sh
- $26.02
- low $25.73high $27.93
The ETF.net CGMU Grade
A
Score 72 out of 100
- 13 of 63
Score 72 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.B61 out of 100Rank 22 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A90 out of 100Rank 29 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 22 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B68 out of 100Rank 16 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A90 out of 100Rank 4 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A77 out of 100Rank 11 of 63
Our read on CGMU
ACapital Group's answer to the muni index giants: an actively run book of roughly 1,500 bonds, benchmarked to a blend that is deliberately 15% high yield. Federally tax-exempt income, paid monthly, for 0.27% a year.
The fund seeks high current income exempt from regular federal income tax while preserving capital.
Why people hold it
- Active management, not index-tracking. Capital Group's bond desk picks the paper across roughly 1,500 positions rather than buying whatever the muni index prints.capitalgroup.com
- 0.27% a year, below the median muni bond ETF. Cheap for an active mandate, and cost matters double when the whole point is after-tax income.
- The benchmark blend, 85% high grade and 15% high yield in 1 to 17 year maturities, builds in an income tilt and stops short of the 30-year end of the curve.
- A multi-billion-dollar fund that trades actively and distributes monthly. Rare scale for an active muni ETF, and it shows up as easier entry and exit.
Worth knowing
- Index rivals VTEB and SCMB charge three basis points. You are paying a real premium here for active security selection.
- That 15% high-yield slice in the benchmark means credit risk a pure high-grade muni fund would not carry.
- The mandate targets income exempt from regular federal income tax. State and local treatment depends on where you live and what the fund holds.capitalgroup.com
CGMU Holdings
- Bonds
- 2,582
- 5%
- Connecticut St Hlth Eductnl Ctshgr 07/42 Adjustable Var
Geography
- United States100.00%
CGMU 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.
CGMU$9,879
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 | CGMU |
|---|---|
| Year to date | −2.3% |
| 1 month | −1.5% |
| 3 months | −4.0% |
| 1 year | −1.2% |
| 3 years | +3.9% |
| 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 | CGMU |
|---|---|---|
| 2026 YTD | −2.3% | |
| 2025 | +5.2% | |
| 2024 | +2.6% | |
| 2023 | +6.8% | |
| 2022 | +4.5% |
CGMU in the news
CGMU Dividends
- 3.54%
- $0.92
- $0.08 per share
- Monthly
Distribution history
CGMU Risk
- 5.0%
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.
- −0.15
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.
- −5.6%
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.
- 0.79
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CGMU Cost
0.27%
CGMU0.27%
- The middle half of Other Municipal Bond funds
- Median 0.30%
21 of the 63 Other Municipal Bond funds charge less.
Other funds in Other Municipal Bond
- AGMUBGoldman Sachs Municipal Income ETFExpense ratio 0.18%1 year return −0.5%
- ATAXFAmerican Century Diversified Municipal Bond ETFExpense ratio 0.25%1 year return −1.9%
- AFLMIFranklin Dynamic Municipal Bond ETFExpense ratio 0.30%1 year return −1.9%
- AFMUNFidelity Systematic Municipal Bond Index ETFExpense ratio 0.05%1 year return −2.6%
- APZAInvesco National AMT-Free Municipal Bond ETFExpense ratio 0.28%1 year return −4.7%