- ISIN
- US14042Y5024
- Issuer
- Capital Group
- Inception Date
- Apr 12, 2010
- Category
- Municipal Bonds
- Min. Investment
- $25,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CCCMX Performance Chart
Capital Group California Core Municipal Fund (CCCMX) is down 0.2% since the beginning of the year. CCCMX is currently trading at $10 per share. Investors who bought $1,000 worth of CCCMX shares 5 years ago would now be looking at an investment worth $1,046.
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Returns By Period
Capital Group California Core Municipal Fund (CCCMX) has returned -0.20% so far this year and 2.43% over the past 12 months. Over the last ten years, CCCMX has returned 1.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Capital Group California Core Municipal Fund
- 1D
- -0.16%
- 1M
- -1.02%
- 6M
- -0.99%
- YTD
- -0.20%
- 1Y
- 2.43%
- 3Y*
- 2.81%
- 5Y*
- 0.90%
- 10Y*
- 1.32%
- ALL TIME*
- 1.30%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CCCMX Monthly Returns History
Based on dividend-adjusted daily data since Apr 15, 2010, CCCMX's average daily return is +0.01%, while the average monthly return is +0.11%. At this rate, an investment would double in approximately 52.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +3.7%, while the worst month was Nov 2016 at -3.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CCCMX closed higher 31% of trading days. The best single day was Mar 25, 2020 with a return of +2.4%, while the worst single day was Mar 20, 2020 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.79% | 0.96% | -2.15% | 0.61% | 0.32% | 0.32% | -1.02% | -0.20% | |||||
| 2025 | 0.31% | 0.88% | -0.85% | -0.37% | 0.42% | 0.91% | 0.41% | 0.90% | 1.08% | 0.49% | 0.13% | 0.31% | 4.69% |
| 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% | -0.49% | -0.90% | 0.47% | 0.28% | -0.51% | -1.71% | -0.61% | 3.68% | 1.77% | 3.46% |
| 2022 | -1.92% | -0.26% | -1.72% | -1.56% | 1.00% | -0.59% | 1.58% | -1.33% | -2.17% | 0.14% | 2.35% | 0.25% | -4.27% |
| 2021 | 0.20% | -0.86% | 0.27% | 0.27% | 0.08% | 0.07% | 0.35% | -0.10% | -0.46% | -0.19% | 0.36% | 0.04% | 0.02% |
Benchmark Metrics
Capital Group California Core Municipal Fund has an annualized alpha of 1.26%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 15, 2010.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (6.18%) than losses (5.26%) - typical of diversified or defensive assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.26%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 6.18%
- Downside Capture
- 5.26%
Expense Ratio
CCCMX has an expense ratio of 0.27%, which is considered low.
Return for Risk
Risk / Return Rank
CCCMX ranks 46 for risk / return — above 46% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Capital Group California Core Municipal Fund (CCCMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CCCMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 2.00 | -0.80 |
| Martin ratioReturn relative to average drawdown | 2.96 | 8.49 | -5.53 |
Dividends
Dividend History
Capital Group California Core Municipal Fund provided a 2.63% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.26 | $0.24 | $0.18 | $0.11 | $0.17 | $0.26 | $0.21 | $0.21 | $0.15 |
Dividend yield | 2.63% | 2.51% | 2.39% | 1.71% | 1.11% | 1.61% | 2.35% | 1.95% | 1.97% | 1.41% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.16 | |||||
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 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 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.18 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.02 | $0.11 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 | $0.17 |
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.
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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 7.58%, occurring on Mar 20, 2020. Recovery took 76 trading sessions.
The current Capital Group California Core Municipal Fund drawdown is 1.93%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-7.58%Mar 2020 | 10d | 3mo 21d | 4mo 1dMar 2020 - Jul 2020 | COVID crash2020 |
-7.25%Oct 2022 | 1y 2mo | 1y 10mo | 3y 18dAug 2021 - Aug 2024 | Bear market2022 |
-5.48%Sep 2013 | 9mo 8d | 2y 5mo | 3y 2moNov 2012 - Feb 2016 | — |
-4.88%Dec 2016 | 5mo 6d | 2y 1mo | 2y 6moJun 2016 - Jan 2019 | — |
-4.37%Feb 2011 | 5mo 12d | 5mo 27d | 11mo 9dAug 2010 - Aug 2011 | — |
Drawdown Indicators
| CCCMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.58% | -56.78% | +49.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -9.10% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -3.02% | -18.90% | +15.88% |
Max Drawdown (5Y)Largest decline over 5 years | -7.25% | -25.43% | +18.18% |
Max Drawdown (10Y)Largest decline over 10 years | -7.58% | -33.92% | +26.34% |
Current DrawdownCurrent decline from peak | -1.93% | -1.58% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -10.70% | +9.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.14% | -1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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