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ETF comparison

CGMU vs CMF

Both US Municipal Bond.

Capital Group Municipal Income ETF · iShares California Muni Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
1.2 %

34 positions appear in both funds. Buying equal dollars of CGMU and CMF would leave roughly 1.2% of each dollar exposed to the same underlying securities.

CGMU unmatched 99.3% Shared 1.2% CMF unmatched 99.2%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In CGMU only
2,301 positions
Shared
34 positions
In CMF only
1,697 positions

Side by side

CGMU

Capital Group Municipal Income ETF

Capital Group · US Municipal Bond

86 composite / 100
Expense ratio
0.27%
Net assets
$7.46B
TTM yield
3.12%
Top-10 conc.
5.1%
CMF

iShares California Muni Bond ETF

iShares · US Municipal Bond

92 composite / 100
Expense ratio
0.080%
Net assets
$5.38B
TTM yield
2.76%
Top-10 conc.
4.5%

Sub-score comparison

73
Cost
92
93
Tax efficiency
93
94
Liquidity
88
100
Concentration
100
—
Tracking quality
—
CGMU sub-score CMF

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

CMF is 19 bps cheaper than CGMU. On a $100,000 position that's about $190/yr more in fees for CGMU.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with CGMU vs CMF.

Top shared holdings

34 shared in total
# Holding In CGMU In CMF Overlap
1 East County Advanced Water Purification Joint Powers Authority 0.16% 0.31% 0.16%
2 City of Los Angeles CA 0.11% 0.22% 0.11%
3 State of California 0.09% 0.09% 0.09%
4 Los Angeles Department of Water & Power 0.09% 0.09% 0.09%
5 California State Public Works Board 0.11% 0.08% 0.08%
6 Los Angeles Department of Water & Power 0.08% 0.10% 0.08%
7 University of California 0.06% 0.07% 0.06%
8 Southern California Public Power Authority 0.07% 0.06% 0.06%
9 University of California 0.06% 0.38% 0.06%
10 University of California 0.05% 0.03% 0.03%
11 Los Angeles Department of Water & Power Water System Revenue 0.03% 0.13% 0.03%
12 California Municipal Finance Authority 0.03% 0.05% 0.03%

Only in CGMU

2,301 total
  • Commonwealth of Puerto Rico 0.82%
  • Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.69%
  • Black Belt Energy Gas District 0.53%
  • City of New York NY 0.51%
  • New York City Municipal Water Finance Authority 0.47%
  • California Community Choice Financing Authority 0.45%
  • County of Montgomery MD 0.44%
  • New York City Municipal Water Finance Authority 0.44%
  • Maryland Health & Higher Educational Facilities Authority 0.40%
  • Black Belt Energy Gas District 0.38%

Only in CMF

1,697 total
  • Orange County Water District 0.60%
  • Anaheim Housing & Public Improvements Authority 0.49%
  • Los Angeles Unified School District 0.47%
  • University of California 0.45%
  • Irvine Ranch Water District 0.43%
  • California Educational Facilities Authority 0.43%
  • San Mateo County Transit District Sales Tax 0.42%
  • Los Angeles Unified School District 0.41%
  • California State University 0.40%
  • State of California 0.36%

Related comparisons

More comparisons with CGMU

More comparisons with CMF

Percentages are holdings overlap with the named fund.

Open CGMU or CMF at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.