Capital Group California Short-Term Municipal Fund (CCSTX)
The fund primarily invests in municipal bonds issued by the state of California, its agencies and municipalities. It normally invests at least 80% of its assets in, or derives at least 80% of its income from, securities that are exempt from both federal and California income taxes. The fund invests primarily in municipal bonds with quality ratings of A- or A3 or better by NRSROs.
Fund Info
| ISIN | US14042Y2054 |
|---|---|
| Issuer | Capital Group |
| Inception Date | Apr 12, 2010 |
| Category | Municipal Bonds |
| Min. Investment | $25,000 |
| Asset Class | Bond |
Expense Ratio
CCSTX features an expense ratio of 0.30%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CCSTX vs. VMLTX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Capital Group California Short-Term 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 Short-Term Municipal Fund had a return of 1.96% year-to-date (YTD) and 3.98% in the last 12 months. Over the past 10 years, Capital Group California Short-Term Municipal Fund had an annualized return of 0.95%, while the S&P 500 had an annualized return of 11.31%, indicating that Capital Group California Short-Term Municipal Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.96% | 24.72% |
| 1 month | -0.22% | 2.30% |
| 6 months | 1.98% | 12.31% |
| 1 year | 3.98% | 32.12% |
| 5 years (annualized) | 0.79% | 13.81% |
| 10 years (annualized) | 0.95% | 11.31% |
Monthly Returns
The table below presents the monthly returns of CCSTX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.03% | -0.03% | -0.03% | -0.43% | -0.02% | 0.78% | 0.78% | 0.88% | 0.58% | -0.62% | 1.96% | ||
| 2023 | 1.16% | -1.38% | 1.38% | -0.36% | -0.54% | 0.35% | 0.15% | -0.15% | -1.06% | -0.04% | 2.32% | 1.00% | 2.81% |
| 2022 | -1.40% | -0.25% | -1.23% | -0.94% | 0.88% | -0.24% | 1.08% | -1.01% | -1.33% | 0.11% | 1.43% | 0.22% | -2.71% |
| 2021 | 0.16% | -0.42% | 0.07% | 0.15% | 0.07% | -0.03% | 0.15% | -0.04% | -0.25% | -0.15% | 0.16% | -0.33% | -0.46% |
| 2020 | 0.61% | 0.40% | -1.13% | -0.11% | 1.76% | 0.08% | 0.58% | -0.10% | 0.08% | -0.23% | 0.28% | -0.20% | 2.01% |
| 2019 | 0.52% | 0.22% | 0.33% | 0.03% | 0.71% | 0.31% | 0.41% | 0.31% | -0.46% | 0.27% | 0.13% | 0.21% | 3.03% |
| 2018 | 0.12% | -0.02% | 0.00% | -0.19% | 0.51% | 0.21% | 0.21% | 0.12% | -0.38% | -0.02% | 0.33% | 0.53% | 1.41% |
| 2017 | 0.58% | 0.49% | -0.01% | 0.29% | 0.49% | -0.20% | 0.39% | 0.29% | -0.19% | 0.00% | -0.78% | 0.12% | 1.48% |
| 2016 | 0.57% | 0.29% | -0.31% | 0.28% | -0.12% | 0.38% | 0.18% | -0.02% | -0.20% | -0.20% | -1.38% | 0.18% | -0.37% |
| 2015 | 0.76% | -0.39% | -0.02% | -0.10% | -0.20% | 0.10% | 0.28% | 0.09% | 0.28% | 0.17% | -0.20% | -0.12% | 0.65% |
| 2014 | 0.47% | 0.39% | -0.42% | 0.18% | 0.36% | -0.03% | 0.07% | 0.36% | -0.13% | 0.17% | -0.04% | -0.22% | 1.15% |
| 2013 | 0.10% | 0.19% | -0.10% | 0.19% | -0.48% | -0.97% | 0.30% | -0.39% | 0.49% | 0.49% | -0.01% | -0.12% | -0.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CCSTX is 75, placing it in the top 25% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Capital Group California Short-Term Municipal Fund (CCSTX) 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 Short-Term Municipal Fund provided a 2.08% dividend yield over the last twelve months, with an annual payout of $0.21 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.18 | $0.09 | $0.07 | $0.12 | $0.15 | $0.13 | $0.12 | $0.10 | $0.11 | $0.09 | $0.02 |
Dividend yield | 2.08% | 1.84% | 0.93% | 0.71% | 1.12% | 1.41% | 1.30% | 1.19% | 1.02% | 1.05% | 0.86% | 0.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Capital Group California Short-Term 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.17 | |
| 2023 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.07 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2015 | $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 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2013 | $0.01 | $0.01 | $0.02 |
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 Short-Term 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 Short-Term Municipal Fund was 5.30%, occurring on Sep 29, 2022. Recovery took 450 trading sessions.
The current Capital Group California Short-Term Municipal Fund drawdown is 0.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.3% | Dec 30, 2020 | 441 | Sep 29, 2022 | 450 | Jul 17, 2024 | 891 |
| -4.99% | Mar 10, 2020 | 9 | Mar 20, 2020 | 46 | May 27, 2020 | 55 |
| -2.13% | Dec 10, 2012 | 136 | Jun 25, 2013 | 172 | Mar 3, 2014 | 308 |
| -2.06% | Sep 3, 2010 | 108 | Feb 7, 2011 | 124 | Aug 4, 2011 | 232 |
| -1.99% | Aug 29, 2016 | 67 | Dec 1, 2016 | 116 | May 19, 2017 | 183 |
Volatility
Volatility Chart
The current Capital Group California Short-Term Municipal Fund volatility is 0.71%, 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.