Summary
Seeks higher tax-exempt current income. Invests primarily in high-quality and liquid municipal bonds with longer maturities.
Strategy Assets (millions)
$283.2
Portfolio Managers 2
Quarterly Fact Sheet (PDF)
Returns (Gross/Net)%
2.03 / 0.52
1-year
0.46 / -1.04
5-year
-- / --
10-year
As of 2/28/2025 (updated monthly).
Asset Mix
U.S. Equities
0.0% |
Non-U.S. Equities
0.0% |
U.S. Bonds
96.4% |
Non-U.S. Bonds
0.0% |
Cash & Equivalents
3.6% |
As of 2/28/2025 (updated monthly)
Key Statistics
- Effective Duration (years)6.6
- Yield to maturity (Gross/Net %)3.9/2.4
- Yield to worst (Gross/Net %)3.5/2.0
- Average coupon (Gross/Net %)4.7/3.2
- Option adjusted spread (bps)20.8
As of 2/28/2025 (updated monthly).
Description
Objective
Seeks to provide current income exempt from federal tax, and capital preservation.
Distinguishing Characteristics
Invests in municipal bonds with quality ratings of BBB–/Baa3 or better while maintaining a high level of liquidity.
Types of Investments
Invests primarily in revenue bonds, State and local general obligation bonds and notes, and cash and cash equivalents.
Portfolio Restrictions
Will not invest in securities that subject the investor to the federal alternative minimum tax (AMT).
Maturity
Typically, the portfolio will be invested in intermediate- to long-term securities.
Strategy Facts
Composite Inception
2/28/2017
Strategy Assets (millions)
$283.2
As of 12/31/2024 (updated monthly).
Companies/Issuers 24+
Holdings are as of 2/28/2025 (updated monthly).
Portfolio Turnover
17.77%
Returns
Month-End Returns as of 2/28/2025
Quarter-End Returns as of 12/31/2024
Month-End Returns as of 2/28/2025
Gross Returns
Net Returns
Bloomberg Municipal Bond Index
Quarter-End Returns as of 12/31/2024
Gross Returns
Net Returns
Bloomberg Municipal Bond Index
Portfolio Management
LEARN ABOUT THE CAPITAL SYSTEMSMYears of Experience with Capital Group
Years of Experience with Investment Industry
No Portfolio Management data available.
Risk & Volatility
Quality Summary
- Cash & Equivalents--
- U.S. Treasuries/Agencies--
- AAA/Aaa--
- AA/Aa--
- A--
- BBB/Baa--
% of net assets as of -- (updated quarterly).
Duration Exposure
% of net assets as of -- (updated quarterly).
Holdings
Sector Exposure
- Cash & Equivalents--
- Total--
% of net assets as of (updated quarterly)
Geographic Breakdown
Top States
% of net assets as of -- (updated quarterly).
Resources
Literature for Capital Group Long Municipal
- Quarterly Fact Sheet (PDF) 03/25