Symbols

CGSM

Capital Group Short Duration Municipal Income ETF·ARCA

--(--)

Key Stats

Assets Under Management

949.64MUSD

Fund Flows (1Y)

384.38MUSD

Dividend Yield

3.04%

Discount/Premium to NAV

0.15%

Shares Outstanding

36.10M

Expense Ratio

0.25%

About Capital Group Short Duration Municipal Income ETF

Issuer

Capital Research and Management Company

Brand

Capital Group

Home Page

https://www.capitalgroup.com/advisor/investments/exchange-traded-funds/details/cgsm

Inception Date

Sep 26, 2023

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

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.

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.