Capital Group Short Duration Municipal Income ETF
$25.88−0.09 (−0.33%)
- Expense ratio
- 0.25%
- Fund size
- $1.6B
- 1Y return
- +0.9%
- Yield · Last 12 months
- 2.95%
- Holdings
- 573
- Volume · 30D
- 0.4M sh
- NAV per share
- $25.97
- 52W range
The ETF.net CGSM Grade
Score 63 of 100 sits in the B 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.CScore 43Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 49Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 78Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 72Category rank
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
- 573
- 8%
- NEW YORK ST THRUWAY AUTH PERSO NYSTRN 09/28 FIXED 5
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.
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 | CGSM |
|---|---|
| Year to date | +0.4% |
| 1 month | −1.1% |
| 3 months | −0.9% |
| 1 year | +0.9% |
| 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 | CGSM |
|---|---|---|
| 2026 YTD | +0.4% | |
| 2025 | +4.6% | |
| 2024 | +3.7% | |
| 2023 | +4.0% |
CGSM in the news
ETF.net Research hasn’t filed on CGSM yet — coverage lands here as it’s written.
CGSM Dividends
- 2.95%
- $0.76
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 1, 2026 | $0.06 |
| Jul 31, 2026 | Aug 3, 2026 | $0.07 |
| Jun 29, 2026 | Jun 30, 2026 | $0.05 |
| May 29, 2026 | Jun 1, 2026 | $0.06 |
| Apr 30, 2026 | May 1, 2026 | $0.07 |
| Mar 30, 2026 | Mar 31, 2026 | $0.07 |
| Feb 27, 2026 | Mar 2, 2026 | $0.07 |
| Jan 30, 2026 | Feb 2, 2026 | $0.06 |
| Dec 24, 2025 | Dec 26, 2025 | $0.08 |
| Nov 28, 2025 | Dec 1, 2025 | $0.06 |
| Oct 31, 2025 | Nov 3, 2025 | $0.07 |
| Sep 29, 2025 | Sep 30, 2025 | $0.06 |
CGSM Risk
- 2.2%
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.
- 0.09
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.
- −1.4%
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
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
13 of the 27 Short-Duration Municipal Bonds funds charge less.