CMF

iShares California Muni Bond ETF

$57.44

+0.00%

Market closed. Last update: 3:37 AM ET

📎 Investment Objective

The iShares California Muni Bond ETF (CMF) seeks to track the investment results of an index composed of investment-grade municipal bonds issued in the state of California.

Overview

ETF tracking iShares California Muni Bond ETF

Category Municipal Bonds

Issuer BlackRock

Inception Date 2008-11-06

Market Cap $4.1B

Average Volume N/A

Dividend Yield 2.46%

52-Week Range $54.52 - $58.41

VWAP $57.39

Performance

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Investment Summary

📎 Investment Objective

The iShares California Muni Bond ETF (CMF) seeks to track the investment results of an index composed of investment-grade municipal bonds issued in the state of California.

🎯 Investment Strategy

The ETF invests in a diversified portfolio of California municipal bonds, seeking to provide income exempt from federal and California state income taxes. The fund's holdings are designed to track the S&P California AMT-Free Municipal Bond Index, which includes bonds with maturities of at least one year.

✨ Key Features

Exposure to investment-grade California municipal bonds
Tax-exempt income for California residents
Low expense ratio of 0.00%
Tracks the S&P California AMT-Free Municipal Bond Index

⚠️ Primary Risks

Interest rate risk: The value of the bonds may decline as interest rates rise
Credit risk: The risk of default or downgrade by the bond issuers
Concentration risk: The fund's focus on California municipal bonds makes it vulnerable to economic and political conditions in the state
Liquidity risk: Potential difficulty in selling the fund's holdings

👤 Best For

This ETF may be suitable for California-based investors seeking tax-exempt income and exposure to the California municipal bond market. It may be appropriate as a core fixed income holding or for diversification within a broader investment portfolio.