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ETFs

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)
$3,294,739
AUM
$230,293,455
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US DOLLAR
1.93%
n/a
NEW YORK CITY NY MUNI WTR FIN NYUTL 06/53 ADJUSTABLE VAR
1.92%
n/a
VIRGINIA ST CLG BLDG AUTH EDUC VACHGR 11/36 ADJUSTABLE VAR
1.49%
n/a
GULF COAST TX INDL DEV AUTH GULDEV 11/41 ADJUSTABLE VAR
1.02%
n/a
St CA 5 % Bonds 2015-1.8.33 Ref Various Purp
0.87%
n/a
DALLAS TX INDEP SCH DIST DALSCD 08/29 FIXED 5
0.86%
n/a
Montgomery Cnty TN Bonds 2002-1.4.32 Tenn Cnty Ln Pool Series 2002 Fltg Rt
0.85%
n/a
NRTHRN CA ENERGY AUTH COMMODIT NCEPWR 07/49 ADJUSTABLE VAR
0.85%
n/a
CALIFORNIA HSG FIN AGY MUNI CT CASHSG 09/36 FIXED OID 4.375
0.71%
n/a
S W TX INDEP SCH DIST SWXSCD 02/41 FIXED 5
0.68%
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 VTEB, SCMB, CMF

CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni 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
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni 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.

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FAQ

CGMU is a US Bonds ETF. 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.

Yes, CGMU is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CGMU is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CGMU is -0.0114%. This is the percent change in the value of CGMU over the most recent 1-month period. The 3-month return on CGMU is -0.0187%. This is the percent change in the value of CGMU over the most recent 3-month period.

ETFs similar to CGMU include HYMB, SUB, and HYD.

ETFs correlated to CGMU include VTEB, SCMB, and CMF.

ETFs that are inversely correlated to CGMU include TTT, TBT, and TMV.

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.