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About iShares California Muni Bond ETF
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Inception date
Oct 4, 2007
Structure
Open-Ended Fund
Replication method
Physical
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.73%
Cash0.27%
Corporate0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CMF invests in bonds. The fund's major sectors are Municipal, with 99.73% stocks, and Corporate, with 0.00% of the basket. The assets are mostly located in the N/A region.
CMF last dividends amounted to 0.14 USD. The month before, the issuer paid 0.14 USD in dividends, which shows a 2.71% increase.
Yes, CMF pays dividends to its holders with the dividend yield of 2.97%. The last dividend (Jul 7, 2025) amounted to 0.14 USD. The dividends are paid monthly.
CMF shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Oct 4, 2007, and its management style is Passive.
CMF expense ratio is 0.08% meaning you'd have to pay 0.08% of your investment to help manage the fund.
CMF follows the ICE AMT-Free California Municipal. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CMF invests in bonds.
CMF price has risen by 0.20% over the last month, and its yearly performance shows a −2.29% decrease. See more dynamics on CMF price chart.
NAV returns, another gauge of an ETF dynamics, showed a −0.84% decrease in three-month performance and has increased by 0.77% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −0.84% decrease in three-month performance and has increased by 0.77% in a year.
CMF trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.