CSTMX — Capital Group Short-Term Municipal Fund
Data updated: 2022-09-28
CSTMX — Capital Group Short-Term Municipal Fund. Short Municipal - National Bond · $94.56M AUM. Holdings, fees, performance and SEC filings.
CSTMX Fund Overview
CSTMX — Capital Group Short-Term Municipal Fund is a US mutual fund managed by Capital Group Private Client Services Funds, categorised as Short 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: Short Municipal - National Bond
- Assets under management: $94.56M
- 1-year return: -2.6%
- Ticker: CSTMX
- SEC CIK: 0001474365
- SEC series ID: S000027395
- Share class ID: C000082663
CSTMX Investment Objective and Strategy
Capital Group Short-Term 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 preserve your investment and secondarily to provide current income exempt from federal income tax.
Principal investment strategy
The fund seeks to achieve its objectives 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 AA- or Aa3 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 A- or A3 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 no greater than three 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.
CSTMX Performance
Total returns for CSTMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.6% |
| 3 years (annualised) | 0.5% |
CSTMX Risk Information
Risk metrics for CSTMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.3%
CSTMX Costs and Fees
CSTMX costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 0.31%
- Portfolio turnover: 51%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
CSTMX Cashflows
Over the 12 months to 2022-07, Capital Group Short-Term Municipal Fund had net outflows of $92.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-07 | −$17.41M |
| 2022-06 | −$15.61M |
| 2022-05 | −$1.31M |
| 2022-04 | −$24.92M |
| 2022-03 | −$20.86M |
| 2022-02 | −$11.49M |
CSTMX Debt Constituents
No individual debt constituents are reported in Capital Group Short-Term Municipal Fund's latest SEC N-PORT filing.
CSTMX Prospectus and SEC Filings
Official Capital Group Short-Term 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 Short 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.