Capital Group Short Duration Municipal Income ETF
$25.89+0.04 (+0.15%)
- 0.25%
- $1.6B
- +0.9%
- 2.97%
- 0.4M sh
- $25.79
- low $25.59high $26.68
The ETF.net CGSM Grade
B
Score 64 out of 100
- 12 of 28
Score 64 of 100 falls in the B 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.C43 out of 100Rank 14 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 12 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 15 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 6 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 7 of 28
Our read on CGSM
BMuni income on a short leash: about 600 municipal bonds kept at the short end for federally tax-exempt income, paid monthly, at 0.25% a year. Less rate whiplash than long-dated muni portfolios, and priced under the muni-fund middle.
The fund seeks current income exempt from regular federal income tax while maintaining a short-duration profile and preserving capital.
Why people hold it
- Short duration is the point: bonds maturing sooner move less when rates do, so the ride tends to be milder than a long-dated muni portfolio's.
- 0.25% a year sits below the muni-ETF middle, and the income it targets is exempt from regular federal income tax.
- About 600 bonds, monthly distributions, and a multi-billion-dollar asset base that keeps the fund reasonably easy to get in and out of.
- One of the stronger showings in a crowded muni bond field, where most of the shelf is long-duration and index-tracking.
Worth knowing
- Plain index muni funds cost less: VTEB and SCMB charge 0.03% against 0.25% here. That gap is the price of a managed short-duration portfolio.
- Federal tax exemption is not blanket tax-free. State and local treatment depends on where you live and where the bonds were issued.
- It opened in 2023, so the record is short next to muni funds that have seen more rate cycles.
CGSM Holdings
- Bonds
- 1,080
- 8%
- New York St Thruway Auth Perso Nystrn 09/28 Fixed 5
Sectors
- Municipal96.2%
- Government2.6%
- Corporate1.2%
Geography
- United States100.00%
CGSM 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.
CGSM$10,089
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 | CGSM |
|---|---|
| Year to date | +0.2% |
| 1 month | −0.6% |
| 3 months | −1.3% |
| 1 year | +0.9% |
| 3 years | +4.1% |
| 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 | CGSM |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +4.6% | |
| 2024 | +3.7% | |
| 2023 | +4.0% |
CGSM in the news
CGSM Dividends
- 2.97%
- $0.77
- $0.06 per share
- Monthly
Distribution history
CGSM Risk
- 2.5%
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.
- −0.21
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.
- −2.4%
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.
- 0.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CGSM Cost
0.25%
CGSM0.25%
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
13 of the 27 Short-Duration Municipal Bonds funds charge less.
Other funds in Short-Duration Municipal Bonds
- BEVSMEaton Vance Short Duration Municipal Income ETFExpense ratio 0.19%1 year return +0.7%
- BMEARiShares Short Maturity Municipal Bond Active ETFExpense ratio 0.26%1 year return +1.4%
- BFTMSFranklin Short-Term Municipal Income ETFExpense ratio 0.22%1 year return —
- BFUMBFirst Trust Ultra Short Duration Municipal ETFExpense ratio 0.29%1 year return +2.0%
- BTAFIAlliance Bernstein - AB Tax-Aware Short Duration Municipal ETFExpense ratio 0.27%1 year return +0.5%