CGSM Capital Group Short Duration Municipal Income ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

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CGSM — —
Key stats
About

Capital Group Short Duration Municipal Income ETF (CGSM) ETF

No description available.

Exchange
ARCX
Inception
2023-09-26
Has Options
No
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
Municipal Bond Short Muni#5 of 27 by assets Capital Group US Actively managed
Expense ratio
0.25%
prospectus, filed Feb 27, 2026
Assets
$1.7B
issuer-reported, Oct 20, 2026
Trailing yield
2.95%
paid monthly
Average daily volume
$14M
30 sessions
Holdings
1,106
top 10 are 7.8%
Listed
Sep 26, 2023
NYSE Arca
Net asset value
$25.94
issuer, Oct 20, 2026 · closed +0.21% to NAV
Median bid/ask spread
0.04%
30 days, issuer-reported
Distributions, 12 months
$0.77 a share
issuer, through Sep 29, 2026: 100% income · 0% capital gains
Closure risk, 12 months
0.5%
low: age · model
FrenzyCap ETF score
73
how it is built
Cost53
Liquidity72
Scale82
Diversification100

Moves with. Long Treasuries (12% of its variance, beta 0.06); Gold (4% of its variance, beta 0.01); Small caps over large (3% of its variance, beta 0.03). These factors explain 20% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. The funds investment objective is to provide current income exempt from regular federal income tax, consistent with a short duration profile as described in this prospectus and with the preservation of capital. (from the fund's prospectus)

All 1,106 holdingsFlow historyOverlap toolAll Short Muni ETFs

Fund flows
through Jun 2026SEC filings
Jun 2026
+$319M
latest reported month
Latest 3 months
+$406M
+26.7% of assets
Latest 12 months
+$803M
+52.8% of assets
Jul 2025: +$31M+$31MAug 2025: +$55MAugSep 2025: +$49MOct 2025: +$32MOctNov 2025: +$35MDec 2025: +$35MDecJan 2026: +$36MFeb 2026: +$57MFebMar 2026: +$67MApr 2026: +$33MAprMay 2026: +$54MJun 2026: +$319M+$319MJun
View as a table
Net flows of CGSM by month, Jul 2025 to Jun 2026
MonthNet flow
Jun 2026+$319M
May 2026+$54M
Apr 2026+$33M
Mar 2026+$67M
Feb 2026+$57M
Jan 2026+$36M
Dec 2025+$35M
Nov 2025+$35M
Oct 2025+$32M
Sep 2025+$49M
Aug 2025+$55M
Jul 2025+$31M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 33 months ago

Similar funds
FundOverlapFeeAssets1Y
SUBiShares Short-Term National Muni Bond ETF—0.07%$13.0B−1.1%compare
JMSTJPMorgan Ultra-Short Municipal Income ETF—0.18%$8.0B−0.3%compare
SHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETF—0.20%$3.5B−2.1%compare
VTESVanguard Short-Term Tax-Exempt Bond ETF—0.05%$2.0B−2.0%compare
MEARiShares Short Maturity Municipal Bond Active ETF—0.26%$1.5B−1.1%compare

The largest other funds in the Short Muni category.

Under the hood
fiscal year to Dec 31, 2025SEC census
Authorized participants
7 active
of 22 with agreements; top 3 did 71%
Created · redeemed
$400M · $11M
over the fiscal year
Redemptions in kind
40%
creations 3% in kind
Creation unit
60,000
shares
Securities lending
not authorized
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-21
Holdings
1101
AUM
$1.7B
Provider
Capitalgroup
Inception
2023-09-26
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
0.25%
Dividend Yield
2.94%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-29 2026-09-30 $0.0640 CD
2026-08-31 2026-09-01 $0.0580 CD
2026-07-31 2026-08-03 $0.0682 CD
2026-06-29 2026-06-30 $0.0474 CD
2026-05-29 2026-06-01 $0.0600 CD
2026-04-30 2026-05-01 $0.0676 CD
Asset Allocation
Top Holdings
top 50 of 1101 holdings
Symbol Name Weight % Asset Class Country
— NEW YORK ST THRUWAY AUTH PERSO NYSTRN 09/28 FIXED 5 1.06% Municipal Bond —
— MARYLAND ST MDS 06/30 FIXED 5 0.96% Municipal Bond US
— FLORIDA ST BRD OF EDU PUBLIC E FLSEDU 06/29 FIXED 5 0.95% Municipal Bond —
— SOUTH CAROLINA ST JOBS ECON DE SCSMED 05/48 ADJUSTABLE VAR 0.94% Municipal Bond —
— TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 02/28 FIXED 5 0.79% Municipal Bond —
— ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/44 ADJUSTABLE VAR 0.66% Municipal Bond —
— NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/50 ADJUSTABLE VAR 0.65% Municipal Bond US
— MARYLAND ST HLTH HGR EDUCTNL MDSMED 05/53 ADJUSTABLE VAR 0.60% Municipal Bond —
— SOUTHEAST ENERGY AUTHORITY A C SEEPWR 10/30 FIXED 5 0.60% Municipal Bond US
— PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR 0.58% Municipal Bond —
— KANSAS ST DEV FIN AUTH MF HSG KSSMFH 07/29 ADJUSTABLE VAR 0.58% Municipal Bond —
— NEW YORK NY NYC 02/56 ADJUSTABLE VAR 0.56% Municipal Bond US
— KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 06/55 ADJUSTABLE VAR 0.55% Municipal Bond US
— BLACK BELT ENERGY GAS DIST AL BBEUTL 06/31 FIXED 5 0.54% Municipal Bond —
— DIST OF COLUMBIA HSG FIN AGY S DISSFH 12/56 FIXED 6.25 0.52% Municipal Bond —
— UNIV OF HOUSTON TX UNIV REVENU UHTHGR 02/31 FIXED 5 0.48% Municipal Bond US
— FLORIDA HSG FIN CORP REVENUE FLSSFH 07/57 FIXED 6.25 0.48% Municipal Bond —
— COLORADO ST HLTH FACS AUTH REV COSMED 11/30 FIXED 5 0.46% Municipal Bond US
— TEXAS ST A M UNIV PERMANENT TAMHGR 07/28 FIXED 5 0.43% Municipal Bond —
— NEW YORK CITY NY TRANSITIONAL NYCGEN 11/54 ADJUSTABLE VAR 0.43% Municipal Bond —
— HAWAII ST HIGHWAY REVENUE HISTRN 01/30 FIXED 5 0.43% Municipal Bond —
— CALIFORNIA ST INFRASTRUCTURE CA INFRASTRUCTURE C 0.42% Municipal Bond US
— TEXAS ST TRANSPRTN COMMISSION TXSTRN 10/44 ADJUSTABLE VAR 0.42% Municipal Bond US
— LOS ANGELES CA DEPT OF WTR P LOSUTL 07/28 FIXED 5 0.41% Municipal Bond US
— ANTELOPE VLY CA CMNTY CLG DIST ANVHGR 08/46 FIXED 4 0.41% Municipal Bond —
— NEW YORK CITY NY MUNI WTR FIN NYUTL 06/53 ADJUSTABLE VAR 0.41% Municipal Bond —
— NEW YORK CITY NY TRANSITIONAL NYCGEN 08/42 ADJUSTABLE VAR 0.41% Municipal Bond —
— MAIN STREET NATURAL GAS INC GA MAIUTL 05/54 ADJUSTABLE VAR 0.41% Municipal Bond US
— VALDEZ AK MARINE TERMINAL REVE VALTRN 12/33 ADJUSTABLE VAR 0.40% Municipal Bond —
— WASHINGTON ST HLTH CARE FACS A WASMED 10/30 FIXED 5 0.40% Municipal Bond —
— PENNSYLVANIA ST ECON DEV FING PASDEV 06/41 ADJUSTABLE VAR 0.40% Municipal Bond —
— SAINT JOHN THE BAPTIST PARISH SJBCTF 06/37 ADJUSTABLE VAR 0.39% Municipal Bond —
— ILLINOIS ST HSG DEV AUTH REVEN ILSHSG 10/56 FIXED 6.5 0.39% Municipal Bond —
— OHIO ST HGR EDUCTNL FAC COMMIS OHSEDU 01/39 ADJUSTABLE VAR 0.39% Municipal Bond —
— MISSISSIPPI ST BUSINESS FIN CO MSSDEV 11/35 ADJUSTABLE VAR 0.39% Municipal Bond —
— CALIFORNIA ST POLL CONTROL FIN CASPOL 07/43 ADJUSTABLE VAR 0.38% Municipal Bond US
— TEXAS ST A M UNIV PERMANENT TAMHGR 07/30 FIXED 5 0.38% Municipal Bond —
— CALIFORNIA CMNTY CHOICE FING A CCEDEV 02/52 ADJUSTABLE VAR 0.38% Municipal Bond US
— NEW JERSEY ST TURNPIKE AUTH TU NJSTRN 01/28 FIXED 5 0.37% Municipal Bond US
— WISCONSIN ST HSG ECON DEV AU WISGEN 09/55 FIXED 6.25 0.36% Municipal Bond —
— KENTUCKY ST HSG CORP MF REVENU KYSMFH 09/43 ADJUSTABLE VAR 0.36% Municipal Bond —
— CALIFORNIA CMNTY CHOICE FING A CCEDEV 12/53 ADJUSTABLE VAR 0.35% Municipal Bond US
— TEXAS ST DEPT OF HSG CMNTY A TXSSFH 07/57 FIXED 6.75 0.35% Municipal Bond —
— FLORIDA ST DEV FIN CORP SOL WS FLSDEV 04/37 ADJUSTABLE VAR 0.35% Municipal Bond US
— FLORIDA ST HSG FIN CORP MF MTG FLSMFH 01/44 ADJUSTABLE VAR 0.34% Municipal Bond —
— UTAH ST HSG CORP MF REVENUE UTSMFH 01/45 ADJUSTABLE VAR 0.34% Municipal Bond —
— SAN ANTONIO TX ELEC GAS REVE SANUTL 02/56 ADJUSTABLE VAR 0.34% Municipal Bond US
— MINNESOTA ST MNS 08/32 FIXED 5 0.33% Municipal Bond —
— BLACK BELT ENERGY GAS DIST AL BBEUTL 11/31 FIXED 5 0.33% Municipal Bond —
— KENTUCKY ST PROPERTY BLDGS C KYSFAC 03/28 FIXED 5 0.32% Municipal Bond US
Non-Equity Breakdown
Capital Group Short Duration Municipal Income ETF · NPORT-P period 2026-06-30 (filed 2026-08-26)
Net assets: $1.52B · 1011 total positions · equity 0.00% · non-equity 106.79%
Non-equity holdings — 1011 positions, 106.79% of NAV
Category Weight Value Positions
Municipal 106.71% $1.62B 1007
Short-term investment 0.08% $1.2M 2
Derivative (interest rate) 0.00% $54159 2
Chart
Seasonality
'23'24'25'26Avg
Jan---0.33%0.27%0.49%0.14%
Feb---0.39%0.38%0.34%0.11%
Mar---0.21%-0.61%-1.13%-0.65%
Apr---0.47%-0.65%0.08%-0.35%
May---0.43%0.31%0.08%-0.01%
Jun--0.65%0.46%0.17%0.43%
Jul--1.13%0.08%-0.66%0.18%
Aug--0.44%0.23%0.10%0.26%
Sep-0.06%0.27%0.42%-1.83%-0.30%
Oct-0.06%-0.95%-0.13%1.24%*0.03%
Nov2.22%0.48%0.02%--0.91%
Dec0.86%-0.82%0.06%--0.03%
Total2.98%-0.65%0.84%-1.15%0.50%
* Only 4 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $25.83
SMA 50: $26.04
SMA 200: $26.31
Current: $26.10
EMA 12: $25.94
EMA 26: $25.93
MACD: 0.0089 | Signal: 0.0459
BEARISH
ADX (14): 27.63
TREND
+DI: 33.93
−DI: 18.25

Momentum Oscillators

RSI (14): 66.28
NEUTRAL
Stoch %K: 93.22
Stoch %D: 91.31
Williams %R: -1.41

Volume & Volatility

BB Upper: $26.09
BB Lower: $25.58
OVERBOUGHT
OBV: 20,109,003
Vol SMA 20: 654,105
Vol ROC: -14.67%
ATR: $0.08
True Range: $0.11
HV 20: 3.6%
HV 30: 3.3%
HV 60: 2.8%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All CGSM news →

CGSM Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.0249
Alpha: -1.52%
Correlation: 0.1690
R-Squared: 2.9%
Stock Volatility: 1.9%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

CGSM Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

169 filers50,630,471 shares$1.34B value
# Filer Shares Value % of Total % of Float Period
1 Capital International Investors 13,144,337 $346.81M 25.97% — 2026-06-30
2 Northwestern Mutual Wealth Management Co 11,567,287 $305.20M 22.86% — 2026-06-30
3 Morgan Stanley Custodian 3,577,313 $94.39M 7.07% — 2026-06-30
4 Envestnet Asset Management, Inc. 3,150,448 $83.12M 6.23% — 2026-06-30
5 LPL Financial LLC Custodian 2,710,268 $71.51M 5.36% — 2026-06-30
6 Capital Group Private Client Services, Inc. 1,324,006 $34.93M 2.62% — 2026-06-30
7 Cetera Investment Advisers Custodian 1,268,729 $33.48M 2.51% — 2026-06-30
8 Jones Financial Companies LLLP Custodian 917,938 $24.26M 1.82% — 2026-06-30
9 Wells Fargo & Company Custodian 846,621 $22.34M 1.67% — 2026-06-30
10 CAPTRUST FINANCIAL ADVISORS 738,981 $19.50M 1.46% — 2026-06-30
11 OSAIC HOLDINGS, INC. Custodian 518,969 $13.69M 1.03% — 2026-06-30
12 MML INVESTORS SERVICES, LLC 443,224 $11.69M 0.88% — 2026-06-30
13 Royal Bank of Canada Custodian 440,452 $11.62M 0.87% — 2026-06-30
14 COMMONWEALTH EQUITY SERVICES, LLC 414,001 $10.92M 0.82% — 2026-06-30
15 TRUIST FINANCIAL CORP Custodian 413,859 $10.92M 0.82% — 2026-06-30
16 Raymond James Financial, Inc. Custodian 389,563 $10.28M 0.77% — 2026-06-30
17 Kestra Advisory Services, LLC 360,657 $9.52M 0.71% — 2026-06-30
18 Cambridge Investment Research Advisors, Inc. 328,319 $8.66M 0.65% — 2026-06-30
19 Boulder Wealth Advisors, LLC 316,322 $8.35M 0.63% — 2026-06-30
20 Vestmark Advisory Solutions, Inc. 304,185 $8.03M 0.60% — 2026-06-30
21 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 266,980 $6.87M 0.51% — 2026-09-30
22 NATIXIS ADVISORS, LLC 227,062 $5.99M 0.45% — 2026-06-30
23 J.W. COLE ADVISORS, INC. 209,316 $5.52M 0.41% — 2026-06-30
24 INTEGRATED WEALTHCARE, LLC 199,147 $5.25M 0.39% — 2026-06-30
25 PRINCIPAL SECURITIES, INC. 194,070 $5.12M 0.38% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month