Capital Group Municipal Income ETF (CGMU)

CGMU (Capital Group Municipal Income ETF) is an exchange-traded fund (ETF) managed by Capital Research and Management Company. The ETF seeks to provide investors with exposure to a diversified portfolio of tax-exempt municipal bonds issued by U.S. state and local governments.

As a municipal bond ETF, CGMU invests primarily in a diversified portfolio of investment-grade tax-exempt municipal bonds issued by U.S. state and local governments. The ETF aims to provide investors with a stable source of tax-free income and the potential for capital appreciation.

The fund's holdings are managed by the investment professionals at Capital Research and Management Company, who have extensive experience in managing fixed income portfolios.

In terms of performance, CGMU has delivered relatively stable returns over the long term, with a focus on generating income through the coupon payments from municipal bonds. The ETF's focus on tax-exempt municipal bonds issued by U.S. state and local governments means that it can provide investors with a relatively high level of tax-free income.