Capital Group Municipal High-Income ETF
CGHM
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 333 South Hope Street, 55th Floor Los Angeles CA United States of America 90071
- IPO Date
- Jun 27, 2024
- Website
- capitalgroup.com
- Similar Companies
- Business
- Capital Group Municipal High-Income ETF (CGHM), issued by Capital Group Fixed Income ETF Trust, is an actively managed exchange-traded fund that seeks a high level of current income exempt from regular federal income tax by investing primarily in lower-rated, intermediate- to long-term municipal bonds. The fund holds a diversified portfolio concentrated in U.S. municipal tax-exempt bonds (approximately 96.93%), municipal taxable bonds (2.30%), and cash equivalents, with total net assets of about $132.69 million and a net expense ratio of 0.34%; it features portfolio managers Chad Rach, Jerome Solomon, and Courtney Wolf. Launched on June 25, 2024, and domiciled in the United States, CGHM trades on NYSE Arca and targets investors seeking tax-advantaged fixed income exposure in the high yield municipal sector. The ETF operates within the broader fixed income asset class, focusing on municipal securities across various sectors and regions primarily in the U.S., with minor non-U.S. bond exposure (6.45%). Capital Group, the fund family sponsor headquartered at 333 South Hope Street, 55th Floor, Los Angeles, California, manages the fund as part of its suite of active ETFs. There are no tracked subsidiaries or parent company relationships beyond the Capital Group Fixed Income ETF Trust structure. In recent developments, CGHM was introduced as one of seven new active ETFs launched by Capital Group on the New York Stock Exchange in June 2024, marking a strategic expansion into transparent, actively managed exchange-traded products. The fund has seen growing institutional interest, including new positions by firms such as Global Retirement Partners LLC ($456,000 stake in Q2 2025) and Principal Securities, Inc. ($6.7 million position), alongside 45 institutional owners holding over 3.4 million shares. Short interest rose 44.6% in October 2025 to 30,800 shares, reflecting market dynamics, while the fund recently adjusted its dividend payout. No major partnerships, acquisitions, or strategic shifts have been reported for CGHM within the last 1-2 years.