iShares California Muni Bond ETFiShares California Muni Bond ETFiShares California Muni Bond ETF

iShares California Muni Bond ETF

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Key stats


Assets under management (AUM)
‪3.58 B‬USD
Fund flows (1Y)
‪819.49 M‬USD
Dividend yield (indicated)
2.94%
Discount/Premium to NAV
0.02%
Shares outstanding
‪64.30 M‬
Expense ratio
0.08%

About iShares California Muni Bond ETF


Brand
iShares
Home page
Inception date
Oct 4, 2007
Structure
Open-Ended Fund
Index tracked
ICE AMT-Free California Municipal
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
CMF provides broad exposure to California municipal bonds. The fund only holds USD-denominated debt issued in California that is exempted from US and California income taxes and the alternative minimum tax (AMT). The index adheres to the requirements of its parent, the ICE AMT-Free California Municipal Index, but must have a minimum par amount of $15 million to qualify and have a minimum term to maturity above one month. The fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is reviewed and rebalanced on a monthly basis. Prior to September 15, 2021, the fund tracks the S&P California AMT-Free Municipal Bond Index.

Broaden your horizons with more funds linked to CMF via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Investment grade
Niche
Broad maturities
Strategy
Vanilla
Geography
California
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal99.39%
Cash0.61%
Corporate0.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CMF trades at 55.64 USD today, its price hasn't changed in the past 24 hours. Track more dynamics on CMF price chart.
CMF net asset value is 55.69 today — it's risen 0.67% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CMF assets under management is ‪3.58 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CMF price has risen by 0.16% over the last month, and its yearly performance shows a −2.44% decrease. See more dynamics on CMF price chart.
NAV returns, another gauge of an ETF dynamics, showed a −0.01% decrease in three-month performance and has increased by 0.23% in a year.
CMF fund flows account for ‪819.49 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CMF invests in bonds. See more details in our Analysis section.
CMF expense ratio is 0.08%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CMF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CMF technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CMF shows the strong sell signal. See more of CMF technicals for a more comprehensive analysis.
Yes, CMF pays dividends to its holders with the dividend yield of 2.94%.
CMF trades at a premium (0.09%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CMF shares are issued by BlackRock, Inc.
CMF follows the ICE AMT-Free California Municipal. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 4, 2007.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.