CGMU
Capital Group Municipal Income ETF
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Typical humpty dumpty advisor portfolio, with an extra dash of fancy stuff (SMA) to get you to pay more fees. I'm going to assume this is a taxable account based on their proposing municipal bonds and a tax-managed fund. If this were my money, I would just go buy 100% AVMA, which is a 70/30 balanced fund with very low tax drag. Alternatively, use the 30% to buy CGMU or VTEB and with the 70%, buy DFAX and a broad market US fund such as SPTM, VTI, or SCHB in the percentage split of your choice. No 1.5% fee taken out of your returns!
For all the Canadian gold gamblers out there CGMU did a stock split this weekend should be down to $25-30 next week, could run up big again.
CGMU.TO (Canadian market) but I also have a sizeable amount in UGL (2x gold)