We describe the model performance and simulation characteristics of a new global coupled climate model configuration, CM4-MG2. Beginning with the Geophysical Fluid Dynamics Laboratory’s fourth-generation physical climate model (CM4.0), we incorporate a two-moment Morrison-Gettelman bulk cloud microphysics scheme with prognostic precipitation (MG2), and a mineral dust and temperature-dependent cloud ice nucleation scheme. We then conduct and analyze a set of fully coupled atmosphere-ocean-land-sea ice simulations, following Coupled Model Intercomparison Project Phase 6 (CMIP6) protocols. CM4-MG2 generally captures CM4.0’s baseline simulation characteristics, but with several improvements, including better marine stratocumulus clouds off the west coasts of Africa and North and South America, a reduced bias toward “double” Intertropical Convergence Zones south of the equator, and a stronger Madden-Julian Oscillation (MJO). Some degraded features are also identified, including excessive Arctic sea ice extent and a stronger-than-observed El Nino-Southern Oscillation (ENSO). Compared to CM4.0, the climate sensitivity is reduced by about 10\% in CM4-MG2.