Key stats
About Capital Group Short Duration Municipal Income ETF
Home page
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.
Related funds
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.77%
Securitized0.15%
Cash0.08%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CGSM trades at 26.37 USD today, its price has risen 0.09% in the past 24 hours. Track more dynamics on CGSM price chart.
CGSM net asset value is 26.32 today — it's risen 0.06% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CGSM assets under management is 906.76 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CGSM price has fallen by −0.21% over the last month, and its yearly performance shows a 0.92% increase. See more dynamics on CGSM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.06% over the last month, showed a 1.10% increase in three-month performance and has increased by 4.12% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.06% over the last month, showed a 1.10% increase in three-month performance and has increased by 4.12% in a year.
CGSM fund flows account for 379.42 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CGSM invests in bonds. See more details in our Analysis section.
CGSM expense ratio is 0.25%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CGSM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CGSM technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CGSM shows the buy signal. See more of CGSM technicals for a more comprehensive analysis.
Today, CGSM technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CGSM shows the buy signal. See more of CGSM technicals for a more comprehensive analysis.
Yes, CGSM pays dividends to its holders with the dividend yield of 3.10%.
CGSM trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CGSM shares are issued by The Capital Group Cos., Inc.
CGSM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 26, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.