CGSMCapital Group Short Duration Municipal Income ETF

Get income Stay safe2y track recordRanked #22 of 340 in this goal

Provides current income exempt from federal income tax, consistent with a short duration profile and preservation of capital.

By Capital Group · Launched 2023

Annual Cost

0.25%

#1,230 of 5,562 · low cost

Fund Size

$1.2B

#1,018 of 5,562 · large

Dividend YieldGoal

3.00%

Track Record

2 years

#3,193 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,431+4.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Index tracked

Bloomberg Municipal Short 1-5 Years Index

What it actually holds

By weight

Concentration

Top 10 holdings = 8.4% of fund✓ well diversified

South Carolina Jobs-Economic Development Authority

1.7%

PEFA Inc

1.0%

Tarrant County Cultural Education Facilities Finance Corp

0.9%

University of California

0.9%

Antelope Valley Community College District

0.7%

City of Valdez AK

0.7%

Wisconsin Housing & Economic Development Authority Home Ownership Revenue

0.7%

New York City Transitional Finance Authority Future Tax Secured Revenue

0.7%

Kentucky Public Energy Authority

0.6%

Commonwealth of Puerto Rico

0.6%

Asset allocation

Bonds

94.5%

Cash

5.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.3%Low

Year-on-year price swings

Max drawdown

-1.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.4 years

Avg maturity

10.3 years

Credit ratings

US Government

0.0%

AAA

24.5%

43.6%

16.4%

BBB

3.9%

1.7%

0.1%

Other

9.7%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Provides current income exempt from federal income tax, consistent with a short duration profile and preservation of capital.
Strategy: Invests primarily in municipal bonds exempt from federal income tax, with at least 80% of assets in such securities. May include up to 20% in private activity bonds subject to AMT and up to 10% in lower-rated debt. Maintains a portfolio duration within 1 year of the Bloomberg Municipal Short 1-5 Years Index.
Inception date: September 26, 2023
Fund family: Capital Group