CSTMX Fees and Costs — Capital Group Short-Term Municipal Fund, Share class
Data updated: 2022-09-28
The net expense ratio is 0.30%: a 0.25% management fee plus 0.06% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 51%.
CSTMX Fees and Expenses
Annual operating expenses and sales charges of CSTMX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.31% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| 30-day yield | 0.33% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CSTMX Costs Over Time
On $10,000 invested in CSTMX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
CSTMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $393.3M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
CSTMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America, N.A. | $171.3M | 48.26% |
| J.P. Morgan Securities LLC | $43.6M | 12.29% |
| Barclays Bank PLC | $36.0M | 10.14% |
| Citigroup Global Markets Inc. | $25.3M | 7.12% |
| U.S. Bancorp Investments, Inc. | $17.1M | 4.83% |
| Wells Fargo Securities, LLC | $16.4M | 4.62% |
| Morgan Stanley & Co. LLC | $16.1M | 4.53% |
| Goldman Sachs & Co. LLC | $12.3M | 3.45% |
| Stifel, Nicolaus & Company, Inc. | $8.8M | 2.49% |
| RBC Capital Markets LLC | $8.0M | 2.26% |
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.