Capital Group California Core Municipal Fund (CCCMX)
The fund primarily invests in municipal bonds issued by the state of California and its agencies and municipalities. Under normal circumstances, it will invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from federal and California income taxes. The fund may also invest in municipal securities that are issued by jurisdictions outside California. It will not invest in securities that subject the investors to the federal alternative minimum tax.
Fund Info
US14042Y5024
Apr 12, 2010
$25,000
Expense Ratio
CCCMX has an expense ratio of 0.27%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Capital Group California Core Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Capital Group California Core Municipal Fund had a return of 0.50% year-to-date (YTD) and 2.24% in the last 12 months. Over the past 10 years, Capital Group California Core Municipal Fund had an annualized return of 1.41%, while the S&P 500 had an annualized return of 11.26%, indicating that Capital Group California Core Municipal Fund did not perform as well as the benchmark.
CCCMX
0.50%
0.80%
0.74%
2.24%
0.58%
1.41%
^GSPC (Benchmark)
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
Monthly Returns
The table below presents the monthly returns of CCCMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.30% | 0.50% | |||||||||||
| 2024 | -0.11% | 0.00% | -0.10% | -0.78% | -0.49% | 1.09% | 0.79% | 1.08% | 0.77% | -1.06% | 0.92% | -0.66% | 1.42% |
| 2023 | 1.63% | -1.61% | 1.55% | -0.33% | -0.90% | 0.46% | 0.28% | -0.51% | -1.71% | -0.44% | 3.68% | 1.77% | 3.80% |
| 2022 | -1.92% | -0.26% | -1.72% | -1.56% | 1.00% | -0.49% | 1.69% | -1.33% | -2.05% | 0.14% | 2.35% | 0.25% | -3.95% |
| 2021 | 0.20% | -0.85% | 0.27% | 0.27% | 0.08% | 0.07% | 0.35% | -0.10% | -0.46% | -0.19% | 0.36% | -0.52% | -0.53% |
| 2020 | 1.07% | 0.59% | -1.68% | -0.72% | 2.59% | 0.30% | 1.13% | -0.25% | 0.02% | -0.17% | 0.67% | -0.61% | 2.91% |
| 2019 | 0.64% | 0.43% | 0.55% | 0.16% | 1.02% | 0.43% | 0.63% | 0.71% | -0.68% | 0.22% | 0.06% | 0.23% | 4.47% |
| 2018 | -0.23% | -0.15% | 0.06% | -0.23% | 0.74% | 0.25% | 0.25% | 0.16% | -0.42% | -0.33% | 0.74% | 0.76% | 1.60% |
| 2017 | 0.65% | 0.56% | 0.06% | 0.64% | 0.73% | -0.12% | 0.44% | 0.62% | -0.41% | 0.14% | -0.70% | 0.26% | 2.88% |
| 2016 | 1.19% | 0.26% | 0.07% | 0.44% | -0.03% | 1.09% | 0.16% | 0.15% | -0.21% | -0.68% | -3.02% | 0.55% | -0.10% |
| 2015 | 1.48% | -0.76% | 0.07% | -0.22% | -0.41% | -0.11% | 0.54% | 0.17% | 0.54% | 0.35% | 0.16% | 0.26% | 2.07% |
| 2014 | 1.42% | 0.65% | -0.42% | 0.72% | 0.83% | 0.07% | 0.06% | 0.72% | 0.06% | 0.34% | 0.07% | -0.04% | 4.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CCCMX is 52, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Capital Group California Core Municipal Fund (CCCMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Capital Group California Core Municipal Fund provided a 2.40% dividend yield over the last twelve months, with an annual payout of $0.25 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.24 | $0.21 | $0.15 | $0.11 | $0.16 | $0.20 | $0.20 | $0.20 | $0.20 | $0.21 | $0.20 |
Dividend yield | 2.40% | 2.39% | 2.03% | 1.44% | 1.06% | 1.48% | 1.82% | 1.86% | 1.89% | 1.95% | 1.95% | 1.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Capital Group California Core Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.00 | $0.02 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2023 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.20 |
| 2018 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Capital Group California Core Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Capital Group California Core Municipal Fund was 7.77%, occurring on Sep 28, 2022. Recovery took 486 trading sessions.
The current Capital Group California Core Municipal Fund drawdown is 0.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.77% | Dec 30, 2020 | 440 | Sep 28, 2022 | 486 | Sep 5, 2024 | 926 |
| -7.58% | Mar 10, 2020 | 9 | Mar 20, 2020 | 76 | Jul 9, 2020 | 85 |
| -5.48% | Nov 29, 2012 | 191 | Sep 3, 2013 | 248 | Aug 27, 2014 | 439 |
| -4.37% | Aug 30, 2010 | 113 | Feb 8, 2011 | 122 | Aug 3, 2011 | 235 |
| -4.2% | Aug 30, 2016 | 66 | Dec 1, 2016 | 184 | Aug 25, 2017 | 250 |
Volatility
Volatility Chart
The current Capital Group California Core Municipal Fund volatility is 0.56%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.