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Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Capital Group California Short-Term Municipal Fund

CCSTX | Fund

$9.96

$96.7 M

2.20%

$0.22

0.32%

Vitals

YTD Return

1.7%

1 yr return

1.9%

3 Yr Avg Return

0.5%

5 Yr Avg Return

0.7%

Net Assets

$96.7 M

Holdings in Top 10

15.3%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 43.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$25,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Capital Group California Short-Term Municipal Fund

CCSTX | Fund

$9.96

$96.7 M

2.20%

$0.22

0.32%

CCSTX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.76%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Capital Group California Short-Term Municipal Fund
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    Apr 13, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Marinella

Fund Description

The fund seeks to achieve its objectives by primarily investing in municipal bonds issued by the state of California and its agencies and municipalities. Consistent with the fund’s objectives, the fund may also invest in municipal securities that are issued by jurisdictions outside California.

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 both federal and California income taxes. 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 fund’s investment adviser or unrated but determined by the fund’s investment adviser to be of equivalent quality. The fund may also invest a portion of its assets in municipal bonds with quality ratings below A- or A3 by NRSROs designated by the fund’s investment adviser or unrated but determined by the fund’s investment adviser to be of equivalent quality. Under normal circumstances, the dollar-weighted average effective maturity of the fund’s 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 fund relies on the professional judgment of its investment adviser to make decisions about the fund’s 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. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

Read More

CCSTX - Performance

Return Ranking - Trailing

Period CCSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -5.9% 36.3% 57.49%
1 Yr 1.9% -5.8% 37.7% 65.48%
3 Yr 0.5%* -11.3% 8.4% 11.34%
5 Yr 0.7%* -7.1% 1104.0% 46.32%
10 Yr 0.5%* -1.0% 249.0% 92.87%

* Annualized

Return Ranking - Calendar

Period CCSTX Return Category Return Low Category Return High Rank in Category (%)
2023 0.9% -1.4% 41.0% 96.23%
2022 -3.6% -39.7% 0.3% 3.82%
2021 -1.2% -5.6% 6.9% 80.89%
2020 0.9% -2.6% 310.0% 83.96%
2019 1.6% 0.0% 26.0% 94.10%

Total Return Ranking - Trailing

Period CCSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -5.9% 36.3% 57.49%
1 Yr 1.9% -5.8% 37.7% 65.48%
3 Yr 0.5%* -11.3% 8.4% 11.34%
5 Yr 0.7%* -7.1% 1104.0% 46.32%
10 Yr 0.5%* -1.0% 249.0% 92.87%

* Annualized

Total Return Ranking - Calendar

Period CCSTX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -1.3% 41.0% 97.78%
2022 -2.7% -39.7% 1.1% 5.05%
2021 -0.5% -4.8% 23761504.0% 94.71%
2020 2.2% -1.5% 17057.9% 87.39%
2019 3.0% 0.2% 3514.6% 93.45%

NAV & Total Return History

CCSTX - Holdings

Concentration Analysis

CCSTX Category Low Category High CCSTX % Rank
Net Assets 96.7 M 3.22 M 71.9 B 86.16%
Number of Holdings 179 4 13418 64.81%
Net Assets in Top 10 16.4 M -317 M 3.09 B 90.66%
Weighting of Top 10 15.30% 1.8% 100.3% 62.77%

Top 10 Holdings

  1. CHEVRON USA INC FRN 11-01-35 3.55%
  2. TRANSBAY JOINT POWERS AUTHORITY TRANSBAY REDEVELOPMENT PROJECT TAX INCREMENT 5.0% 10-01-25 1.42%
  3. STATE OF CALIFORNIA 5.5% 12-01-52 1.42%
  4. J PAUL GETTY TRUST (MPT) 3.0% 10-01-47 1.40%
  5. HPD NOBLE CREEK II LP (MPT) 3.5% 08-01-25 1.38%
  6. CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (MPT) 5.0% 07-01-53 1.29%
  7. REGENTS OF THE UNIVERSITY OF CALIFORNIA MEDICAL CENTER POOLED REVENUE FRN 05-15-45 1.28%
  8. LOS ANGELES UNIFIED SCHOOL DISTRICT 5.0% 07-01-26 1.20%
  9. STATE OF CALIFORNIA 3.0% 12-01-50 1.18%
  10. SILICON VALLEY CLEAN WATER 0.5% 03-01-26 1.18%

Asset Allocation

Weighting Return Low Return High CCSTX % Rank
Bonds 		100.15% 0.00% 150.86% 20.67%
Other 		0.01% -3.69% 53.54% 10.68%
Stocks 		0.00% 0.00% 99.77% 59.60%
Preferred Stocks 		0.00% 0.00% 0.07% 52.65%
Convertible Bonds 		0.00% 0.00% 0.93% 52.33%
Cash 		0.00% -50.86% 44.62% 90.93%

Bond Sector Breakdown

Weighting Return Low Return High CCSTX % Rank
Municipal 		95.14% 44.39% 100.00% 81.05%
Derivative 		0.01% -3.69% 53.54% 7.86%
Cash & Equivalents 		0.00% 0.00% 44.41% 79.52%
Securitized 		0.00% 0.00% 5.93% 53.20%
Corporate 		0.00% 0.00% 9.41% 60.35%
Government 		0.00% 0.00% 52.02% 56.17%

Bond Geographic Breakdown

Weighting Return Low Return High CCSTX % Rank
US 		100.15% 0.00% 142.23% 19.81%
Non US 		0.00% 0.00% 23.89% 54.60%

CCSTX - Expenses

Operational Fees

CCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.32% 0.01% 8.02% 93.41%
Management Fee 0.25% 0.00% 1.20% 10.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

CCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

CCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 0.00% 283.00% 90.34%

CCSTX - Distributions

Dividend Yield Analysis

CCSTX Category Low Category High CCSTX % Rank
Dividend Yield 2.20% 0.00% 14.51% 87.25%

Dividend Distribution Analysis

CCSTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CCSTX Category Low Category High CCSTX % Rank
Net Income Ratio 0.76% -0.53% 5.33% 92.39%

Capital Gain Distribution Analysis

CCSTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CCSTX - Fund Manager Analysis

Managers

Mark Marinella

Start Date

Tenure

Tenure Rank

Jan 01, 2017

5.41

5.4%

Mark Marinella is a fixed income portfolio manager at Capital Group. He has 31 years of investment industry experience and has been with Capital Group for four years. Earlier in his career at Capital, he was head of the Investment Resources Group as well as a senior manager in fixed income. Prior to joining Capital, Mark was a global chief investment officer for fixed income and currencies at State Street Global Advisors. He holds an MBA from Boston College and a bachelor’s degree in economics from the University of Massachusetts. He also holds the Chartered Financial Analyst® designation. Mark is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58

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