CCMPX — Capital Group Core Municipal Fund
Data updated: 2022-09-28
CCMPX — Capital Group Core Municipal Fund. Municipal - National Bond · $564.94M AUM · 0.28% expense ratio. Holdings, fees, performance and SEC filings.
CCMPX Fund Overview
CCMPX — Capital Group Core Municipal Fund is a US mutual fund managed by Capital Group Private Client Services Funds, categorised as Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Capital Group Private Client Services Funds
- Category: Municipal - National Bond
- Assets under management: $564.94M
- 1-year return: -4.0%
- Ticker: CCMPX
- SEC CIK: 0001474365
- SEC series ID: S000027394
- Share class ID: C000082662
CCMPX Investment Objective and Strategy
Capital Group Core Municipal Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Capital Group Private Client Services Funds.
Investment objective
The fund seeks to provide current income exempt from federal income tax while preserving your investment.
Principal investment strategy
The fund seeks to achieve its objective by investing primarily in municipal bonds. The fund will invest at least 80% of its assets in bonds (for purposes of this limit, bonds include any debt instrument and cash equivalents, and may include certain preferred securities). Under normal circumstances, the fund will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from federal income tax. The fund will not invest in securities that subject you to the federal alternative minimum tax. The investment adviser will seek to manage the fund in order to minimize capital gain distributions. The fund invests primarily in municipal bonds with quality ratings of A- or A3 or better by Nationally Recognized Statistical Rating Organizations (NRSROs) designated by the funds investment adviser or unrated but determined by the funds investment adviser to be of equivalent quality.
The fund may also invest in municipal bonds in the rating categories of BBB or Baa by NRSROs designated by the funds investment adviser or unrated but determined by the funds investment adviser to be of equivalent quality. Under normal circumstances, the dollar-weighted average effective maturity of the funds portfolio will be between three and 10 years. The fund may invest in municipal obligations of multiple issuers in the same state or backed by revenues of similar types of projects or industries. The fund may also invest more than 25% of its assets in industrial development bonds. The investment adviser uses a system of multiple portfolio managers in managing the funds assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers who decide how their respective segments will be invested.
The fund relies on the professional judgment of its investment adviser to make decisions about the funds portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good investment opportunities. The investment adviser believes that an important way to accomplish this is by analyzing various factors, which may include the credit strength of the issuer, prices of similar securities issued by comparable issuers, anticipated changes in interest rates, general market conditions and other factors pertinent to the particular security being evaluated. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
CCMPX Performance
Total returns for CCMPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -4.0% |
| 3 years (annualised) | 0.6% |
CCMPX Risk Information
Risk metrics for CCMPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.6%
CCMPX Costs and Fees
CCMPX costs about $28 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.28%
- Gross expense ratio: 0.28%
- Portfolio turnover: 48%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
CCMPX Cashflows
Over the 12 months to 2022-07, Capital Group Core Municipal Fund had net outflows of $161.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-07 | −$50.08M |
| 2022-06 | −$66.54M |
| 2022-05 | −$26.06M |
| 2022-04 | −$27.79M |
| 2022-03 | −$32.20M |
| 2022-02 | −$2.37M |
CCMPX Debt Constituents
No individual debt constituents are reported in Capital Group Core Municipal Fund's latest SEC N-PORT filing.
CCMPX Prospectus and SEC Filings
Official Capital Group Core Municipal Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-12-30
- Prospectus (485BPOS) — filed 2020-12-31
- Prospectus (485BPOS) — filed 2020-01-23
- Portfolio holdings (N-PORT) — filed 2022-09-28
- Portfolio holdings (N-PORT) — filed 2022-06-24
- Portfolio holdings (N-PORT) — filed 2022-03-29
- Annual census (N-CEN) — filed 2022-01-14
- Annual census (N-CEN) — filed 2021-01-14
Related Funds
Other Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.