CGMU vs JMUB: Holdings Overlap
CGMUCapital Group Municipal Income ETF
Capital Group · 2128 holdings · $6.4B · as of 2026-03-31
JPMorgan · 1884 holdings · $8.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (CGMU: 2026-03-31, JMUB: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are CGMU and JMUB?
Capital Group Municipal Income ETF (CGMU, by Capital Group) holds 2128 positions; JPMorgan Municipal ETF (JMUB, by JPMorgan) holds 1884. They have 119 holdings in common, and by portfolio weight the two funds are 5.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 119CGMU holds 2128 · JMUB holds 1884
- Weight in Shared Holdings
- CGMU 9%·JMUB 11%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in CGMU
2009 of 2128 positions (92.0% of the fund) are not held by JMUB. Showing the top 30 by weight.
- PUERTO RICO CMWLTH0.67%
- TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES0.58%
- UNIV OF CALIFORNIA REVENUES0.56%
- NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE0.54%
- MONTGOMERY CNTY MD0.53%
- CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE0.50%
Only in JMUB
1765 of 1884 positions (72.6% of the fund) are not held by CGMU. Showing the top 30 by weight.
- California Health Facilities Financing Authority, Rady Children's Health, Series 2026B-30.67%
- Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 20.55%
- Long Island Power Authority, Electric System, Series 2024B0.43%
- State of Wisconsin, Series 2026A0.42%
- Main Street Natural Gas, Inc., Gas Supply, Series 2022B0.41%
- Dallas Fort Worth International Airport, Series 2025A-20.34%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| CGMU | -0.7% | +1.1% | +4.9% | +4.5% | — | — | 3.38% |
| JMUB | -0.7% | +1.0% | +4.8% | +3.8% | +1.0% | — | 3.65% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in CGMU vs JMUB →
Shared Holdings(119)
The top 10 shared positions account for 33% of the overlap, led by Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2, California Community Choice Financing Authority, Clean Energy Project, Series 2025E and Black Belt Energy Gas District, Gas Project, Series 2026A.
| Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2 | 0.57% | 0.51% | 0.51% |
|---|---|---|---|
| California Community Choice Financing Authority, Clean Energy Project, Series 2025E | 0.19% | 0.49% | 0.19% |
| Black Belt Energy Gas District, Gas Project, Series 2026A | 0.16% | 0.77% | 0.16% |
| City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects, Series 2024B | 0.21% | 0.16% | 0.16% |
| Black Belt Energy Gas District, Gas Supply, Series 2026B | 0.16% | 0.15% | 0.15% |
| Black Belt Energy Gas District, Gas Project, Series 2024B | 0.15% | 0.16% | 0.15% |
| Black Belt Energy Gas District, Gas Project, Series 2024D | 0.14% | 0.43% | 0.14% |
| Lower Alabama Gas District (The), Gas Project, Series 2025A | 0.14% | 0.31% | 0.14% |
| Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 2025-150A | 0.13% | 0.19% | 0.13% |
| Black Belt Energy Gas District, Gas Project, Series 2026E | 0.35% | 0.12% | 0.12% |
| Harris County Cultural Education Facilities Finance Corp., Houston Methodist, Series 2026A | 0.51% | 0.12% | 0.12% |
| Illinois Housing Development Authority, Series 2025D | 0.16% | 0.11% | 0.11% |
| California Community Choice Financing Authority, Clean Energy Project, Series 2026C | 0.11% | 0.61% | 0.11% |
| Texas Municipal Gas Acquisition and Supply Corp. IV, Gas Supply, Series 2023B | 0.09% | 0.18% | 0.09% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-1 | 0.08% | 0.13% | 0.08% |
| Southeast Energy Authority A Cooperative District, Series 2025A | 0.26% | 0.08% | 0.08% |
| Colorado Health Facilities Authority, CommonSpirit Health, Series 2025A | 0.08% | 0.12% | 0.08% |
| Idaho Housing and Finance Association, Single Family Mortgage, Series 2025C | 0.13% | 0.08% | 0.08% |
| Texas Transportation Finance Corp., Series 2025A | 0.11% | 0.08% | 0.08% |
| North Carolina Housing Finance Agency, Homeownership-1998 Trust, Series 55-A | 0.07% | 0.10% | 0.07% |
| Main Street Natural Gas, Inc., Gas Supply, Series 2023B | 0.07% | 0.19% | 0.07% |
| Texas Municipal Gas Acquisition and Supply Corp. IV, Gas Supply, Series 2023A | 0.08% | 0.07% | 0.07% |
| California Community Choice Financing Authority, Clean Energy Project, Series 2024A | 0.07% | 0.07% | 0.07% |
| Public Finance Authority, Senior Lien, Series 2024 | 0.13% | 0.06% | 0.06% |
| North Carolina Housing Finance Agency, 1998 Trust Agreement, Series 60 | 0.10% | 0.06% | 0.06% |
Frequently Asked Questions
How much do CGMU and JMUB overlap?
CGMU and JMUB overlap by 5.7% of portfolio weight. They share 119 holdings (CGMU holds 2128 positions and JMUB holds 1884), based on each fund's latest SEC-reported holdings.
Is it redundant to own both CGMU and JMUB?
The two portfolios are 5.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of CGMU and JMUB?
The largest positions held by both funds are Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2, California Community Choice Financing Authority, Clean Energy Project, Series 2025E, Black Belt Energy Gas District, Gas Project, Series 2026A, City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects, Series 2024B and Black Belt Energy Gas District, Gas Supply, Series 2026B. Together the top 10 shared positions account for 33% of the total overlap.
What does CGMU own that JMUB doesn't?
2009 positions (92.0% of CGMU) are unique to CGMU, led by PUERTO RICO CMWLTH, TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES and UNIV OF CALIFORNIA REVENUES. In the other direction, 1765 positions (72.6% of JMUB) are unique to JMUB.