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About Capital Group Short Duration Municipal Income ETF
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Inception date
Sep 26, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Capital Research & Management Co.
Distributor
Capital Client Group, Inc.
ISIN
US14020Y6077
CGSM aims to generate current income that is exempt from federal income tax while also preserving capital by holding a portfolio of US municipal bonds. Up to 20% of the fund's assets may be subject to the federal alternative minimum tax. The fund is predominantly investment grade paper, holding at least 90% in debts rated BBB- or Baa3 or higher, but it may also invest in junk bonds. Although investments can be of any maturity, the fund will attempt to maintain a weighted average effective portfolio duration of one year. CGSM is managed by a team of portfolio managers who aim to select attractively priced securities believed to be promising investment opportunities. The fund managers may actively and frequently trade, potentially resulting in a high portfolio turnover rate. Additionally, positions are sold if they are no longer considered attractive.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.35%
Cash0.48%
Securitized0.16%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CGSM invests in bonds. The fund's major sectors are Municipal, with 99.35% stocks, and Securitized, with 0.16% of the basket. The assets are mostly located in the N/A region.
CGSM last dividends amounted to 0.06 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 25.30% decrease.
CGSM assets under management is 835.03 M USD. It's risen 4.55% over the last month.
CGSM fund flows account for 359.89 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CGSM pays dividends to its holders with the dividend yield of 3.09%. The last dividend (Sep 2, 2025) amounted to 0.06 USD. The dividends are paid monthly.
CGSM shares are issued by The Capital Group Cos., Inc. under the brand Capital Group. The ETF was launched on Sep 26, 2023, and its management style is Active.
CGSM expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
CGSM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CGSM invests in bonds.
CGSM price has risen by 0.82% over the last month, and its yearly performance shows a 0.76% increase. See more dynamics on CGSM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.97% over the last month, showed a 2.06% increase in three-month performance and has increased by 1.23% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.97% over the last month, showed a 2.06% increase in three-month performance and has increased by 1.23% in a year.
CGSM trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.