CGMU vs TFI
Capital Group Municipal Income ETF against State Street SPDR Nuveen ICE Municipal Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
5%
137 shared positions
Fee gap
4 bp
TFI is cheaper
1-year return gap
1.8 pts
CGMU is ahead
Larger fund
CGMU
$7.2B
Side by side
| CGMU | TFI | |
|---|---|---|
| Fund | Capital Group Municipal Income ETF | State Street SPDR Nuveen ICE Municipal Bond ETF |
| Issuer | Capital Group | State Street SPDR |
| Category | National Muni | National Muni |
| Expense ratio | 0.27% | 0.23% |
| Assets | $7.2B | $2.9B |
| Average daily dollar volume | $97M | $73M |
| Listed | Oct 25, 2022 | Sep 11, 2007 |
| FrenzyCap score | 82 | 82 |
| 1-month return | −0.2% | −0.5% |
| 3-month return | −2.4% | −3.3% |
| Year to date | −3.6% | −5.2% |
| 1-year return | −3.8% | −5.6% |
| 30-day volatility | 5.7% | 6.7% |
| Worst drawdown, 1 year | −7.7% | −8.8% |
| Trailing 12-month yield | 3.50% | 3.73% |
| Holdings | 2,637 | 2,026 |
| Top 10 weight | 5.7% | 1.9% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$690M thru Jun 2026 | +$54M thru Jun 2026 |
| 30-day implied volatility | — | 6.3% |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
10% of CGMU · 7% of TFI| Holding | CGMU | TFI |
|---|---|---|
| UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/38 FIXED 5.25, due May 15, 2038 | 0.16% | 0.14% |
| ALABAMA ST TOLL ROAD BRIDGE ATRTRN 10/32 FIXED 5, due Oct 15, 2032 | 0.28% | 0.12% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/52 ADJUSTABLE VAR, due Feb 15, 2052 | 0.10% | 0.10% |
| S E ALABAMA ST GAS SPLY DIST G SOUUTL 06/49 ADJUSTABLE VAR, due Jun 15, 2049 | 0.14% | 0.09% |
| ROCHESTER MN HLTH CARE FACS RE ROCMED 11/42 FIXED 5, due Nov 15, 2042 | 0.12% | 0.09% |
| MAIN STREET NATURAL GAS INC GA MAIUTL 05/54 ADJUSTABLE VAR, due May 15, 2054 | 0.09% | 0.11% |
| MAIN STREET NATURAL GAS INC GA MAIUTL 08/52 ADJUSTABLE VAR, due Aug 15, 2052 | 0.26% | 0.08% |
| NEW MEXICO ST MUNI ENERGY ACQU NMSPWR 06/54 ADJUSTABLE VAR, due Jun 15, 2054 | 0.08% | 0.08% |
| WASHINGTON ST HSG FIN COMMISSI WASHSG 12/35 FIXED 3.5, due Dec 15, 2035 | 0.07% | 0.08% |
| WASHINGTON ST WAS 07/28 FIXED 5, due Jul 15, 2028 | 0.07% | 0.08% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 12/35 FIXED 5, due Dec 15, 2035 | 0.17% | 0.07% |
| WISCONSIN ST WIS 05/36 FIXED 5, due May 15, 2036 | 0.15% | 0.07% |
| CALIFORNIA HSG FIN AGY MUNI CT CASHSG 03/35 FIXED 3.75, due Mar 15, 2035 | 0.11% | 0.07% |
| NEW JERSEY ST ECON DEV AUTH NJSDEV 06/42 FIXED 5, due Jun 15, 2042 | 0.09% | 0.07% |
| MISSOURI ST HSG DEV COMMISSION MOSSFH 05/56 FIXED 6.25, due May 15, 2056 | 0.07% | 0.07% |
| MAIN STREET NATURAL GAS INC GA MAIUTL 06/55 ADJUSTABLE VAR, due Jun 15, 2055 | 0.07% | 0.08% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/55 ADJUSTABLE VAR, due Feb 15, 2055 | 0.07% | 0.07% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR, due Dec 15, 2055 | 0.06% | 0.07% |
| SOUTHEAST ENERGY AUTHORITY A C SEEPWR 10/30 FIXED 5, due Oct 15, 2030 | 0.55% | 0.06% |
| COLORADO ST HLTH FACS AUTH REV COSMED 11/34 FIXED 5, due Nov 15, 2034 | 0.28% | 0.06% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 01/34 FIXED 5, due Jan 15, 2034 | 0.25% | 0.06% |
| CALIFORNIA ST CAS 08/33 FIXED 5, due Aug 15, 2033 | 0.08% | 0.06% |
| CALIFORNIA CMNTY CHOICE FING A CCEDEV 07/35 FIXED 5, due Jul 15, 2035 | 0.08% | 0.06% |
| BLACK BELT ENERGY GAS DIST AL BBEUTL 12/35 FIXED 5, due Dec 15, 2035 | 0.06% | 0.06% |
| WHITING IN ENVRNMNTL FACS REVE WHGFAC 06/44 ADJUSTABLE VAR, due Jun 15, 2044 | 0.06% | 0.06% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CGMU holdings · TFI holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.