CGHM Fees and Costs — Capital Group Municipal High-Income ETF
Data updated: 2026-08-26
The net expense ratio is 0.34%. There are no sales loads or redemption fees. Portfolio turnover was 15%.
CGHM Fees and Expenses
Annual operating expenses and sales charges of CGHM. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.34% |
| Fee waiver | — |
| Net expense ratio | 0.34% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CGHM Costs Over Time
On $10,000 invested in CGHM, assuming 5% a year before costs, total costs come to $215 over 5 years, cutting the return by 0.36% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.34%) | $36 | $112 | $196 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $118 | $215 |
| Value after costs | $10,464 | $11,459 | $12,547 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
CGHM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
CGHM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America, National Association | $558.6M | 39.76% |
| J.P. Morgan Securities LLC | $277.5M | 19.75% |
| Wells Fargo Securities, LLC | $146.6M | 10.43% |
| Barclays Bank PLC | $85.7M | 6.10% |
| Morgan Stanley & Co. LLC | $83.5M | 5.94% |
| Piper Sandler & Co. | $61.1M | 4.35% |
| Jefferies LLC | $54.9M | 3.90% |
| RBC Capital Markets, LLC | $47.0M | 3.34% |
| Goldman Sachs & Co. LLC | $46.6M | 3.31% |
| FMSbonds, Inc. | $43.7M | 3.11% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.