Capital Group Municipal Income ETF

Frequently Asked Questions About CGMU

What does CGMU invest in?

The fund will normally invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. The fund will invest up to 30% of its assets in securities that may subject the investors to federal alternative minimum tax. The fund invests at least 65% in debt securities rated BBB- or better or Baa3 or better by NRSRO designated by the fund’s investment adviser. The fund is non-diversified.

What is the expense ratio of CGMU?

Capital Group Municipal Income ETF (CGMU) charges an expense ratio of 0.27%. This is the annual fee deducted from fund assets to cover management and operations.

What is CGMU's dividend yield?

CGMU's trailing-twelve-month yield is 3.38%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CGMU?

Effective duration measures CGMU's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CGMU's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CGMU?

CGMU's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CGMU?

Yield to maturity (YTM) is the total return you'd earn from CGMU if every bond in the portfolio is held to maturity at the current price. CGMU's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.