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Capital Group Municipal Income ETF

CGMU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 25 2022
Expense Ratio
0.27%
Type
US Bonds
Fund Owner
Capital Group
Volume (1m avg. daily)
$2,445,687
AUM
$90,127,598
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

n/a
TREASURY BILL 02/23 0.00000
2.22%
n/a
UNIV OF MICHIGAN MI UNVHGR 04/38 ADJUSTABLE VAR
2.22%
n/a
ILLINOIS ST ILS 06/33 FIXED 4
1.19%
n/a
TENNESSEE ST ENERGY ACQUISITIO TNSUTL 11/49 ADJUSTABLE VAR
1.12%
n/a
NRTHRN CA ENERGY AUTH COMMODIT NCEPWR 07/49 ADJUSTABLE VAR
1.12%
n/a
OHIO ST HGR EDUCTNL FAC COMMIS OHSHGR 01/43 ADJUSTABLE VAR
1.11%
n/a
GUAM GOVT LTD OBLG REVENUE GMSGEN 12/46 FIXED 5
1.11%
n/a
Michigan Remarketables Bonds 2007-01.12.42 Air Products and Chemicals Series 2007 Var Rt
1.11%
n/a
PENNSYLVANIA ST HSG FIN AGY SF PASSFH 10/53 FIXED 5.75
0.98%
n/a
Metropolitan Transp 5 % Bonds 2017-15.11.28 Refunding Metropolitan Climate Series 2017C-1
0.95%
Invest with CGMU

What is CGMU?

The fund's investment objective is to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. 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 invests at least 65% in debt securities rated BBB- or better or Baa3 or better by Nationally Recognized Statistical Rating Organizations designated by the fund's investment adviser, or unrated but determined by the fund's investment adviser to be of equivalent quality.

ETFs related toCGMU

ETFs correlated to CGMU include AVMU, MNBD, SMI

CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
AVMU
American Century ETF Trust - Avantis Core Municipal Fixed Income ETF
MNBD
ALPS Fund Services - ALPS Intermediate Municipal Bond ETF
SMI
VanEck ETF Trust - VanEck HIP Sustainable Muni ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
BSMT
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2029 Municipal Bond ETF
MAAX
VanEck ETF Trust - VanEck Muni Allocation ETF
BSMV
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2031 Municipal Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.