iShares California Muni Bond ETF

Price: $56.85
Change: $0.08 (-0.0%)
Category: California Munis
Last Updated:


Brand iShares
Structure ETF
Expense Ratio 0.08%
ETF Home Page Home page
Inception Oct 04, 2007

Analyst Report

This fund is the most popular option for achieving exposure to municipal bonds from California issuers, a corner of the domestic bond market that has been in focus in recent years due to the state’s budget issues. CMF offers the greatest depth of holdings among all California muni bond ETFs, making it a preferred choice for accessing this asset class.

ETF Database Themes

Category California Munis
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) California Munis
Bond Duration All-Term

FactSet Classifications

Segment Fixed Income: California Government, Local Authority/Municipal Investment Grade
Category Government, Local Authority/Municipal
Focus Investment Grade
Niche Broad Maturities
Strategy Vanilla
Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $53.23
  • 52 Week Hi $57.81
  • AUM $2,754.9 M
  • Shares 48.5 M

Historical Trading Data

  • 1 Month Avg. Volume 234,000
  • 3 Month Avg. Volume 211,931

Alternative ETFs in the ETF Database California Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest PWZ 0.28% $838.6 M 121,716 -0.79%
Largest (AUM) PWZ 0.28% $838.6 M 121,716 -0.79%
Most Liquid (Volume) PWZ 0.28% $838.6 M 121,716 -0.79%
Top YTD Performer MMCA 0.36% $24.7 M 5,617 -0.50%

Alternative ETFs in the FactSet Fixed Income: California Government, Local Authority/Municipal Investment Grade Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CA 0.07% $22.4 M 8,405 -1.08%
Largest (AUM) FCAL 0.65% $216.5 M 24,572 -0.65%
Most Liquid (Volume) FCAL 0.65% $216.5 M 24,572 -0.65%
Top YTD Performer FCAL 0.65% $216.5 M 24,572 -0.65%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

CMF ETF Database Category Average FactSet Segment Average
Number of Holdings 1185 502 607
% of Assets in Top 10 5.68% 18.02% 10.02%
% of Assets in Top 15 7.66% 23.96% 13.62%
% of Assets in Top 50 18.96% 48.72% 31.78%

Size Comparison

CMF ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

CMF Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

CMF Dividend

This section compares the dividend yield of this ETF to its peers.

CMF ETF Database Category Average FactSet Segment Average
Dividend $ 0.13 $ 0.10 $ 0.13
Dividend Date 2024-04-01 N/A N/A
Annual Dividend Rate $ 1.40 $ 1.08 $ 0.86
Annual Dividend Yield 2.46% 3.00% 1.61%

CMF Price and Volume Charts

View charts featuring CMF price and volume data.

CMF Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 14.49 M 3 Month Net Flows: 72.15 M 6 Month Net Flows: 524.24 M 1 Year Net Flows: 609.01 M 3 Year Net Flows: 1.2 B 5 Year Net Flows: 1.71 B 10 Year Net Flows: 2.59 B

CMF Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -179.45 K
1 Month Net AUM Change: -32.43 M
3 Month Net AUM Change: 21.62 M
6 Month Net AUM Change: 617.99 M
1 Year Net AUM Change: 587.28 M
3 Year Net AUM Change: 1.03 B
5 Year Net AUM Change: 1.61 B
10 Year Net AUM Change: 2.49 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for CMF on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the California Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A PWZ
Expenses A+ CMF

A+ Overall Rated ETF:

CMF Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

CMF does not have an ESG score. There are no ESG themes that map to this ETF.

CMF Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

CMF ETF Database
Category Average
Factset Segment
1 Month Return -1.27% -1.10% -1.11%
3 Month Return -0.65% -0.57% -0.62%
YTD Return -1.23% -0.79% -0.74%
1 Year Return 2.44% 2.94% 1.40%
3 Year Return -1.19% -0.97% -0.53%
5 Year Return 1.11% 0.98% 0.68%

Geographic Exposure

The following charts reflect the geographic spread of CMF's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of CMF's underlying holdings.

Asset Percentage
Municipal 99.58%
Other 0.56%
CASH 0.01%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Municipal 99.58%
Other 0.56%
CASH 0.01%

CMF Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 48.36%
20 Day Volatility 3.66%
50 Day Volatility 2.99%
200 Day Volatility 3.65%
Beta 0.14
Standard Deviation 1.23%
5 Day Volatility
2 of 4

20 Day Volatility
2 of 4

50 Day Volatility
2 of 4

200 Day Volatility
2 of 4

4 of 4

Standard Deviation
1 of 4


  • 20 Day MA $57.07
  • 60 Day MA $57.33
  • MACD 15 Period -0.09
  • MACD 100 Period -0.37
  • Williams % Range 10 Day 47.67
  • Williams % Range 20 Day 77.43
  • RSI 10 Day 41
  • RSI 20 Day 42
  • RSI 30 Day 45
  • Ultimate Oscillator 54

Bollinger Bands

  • Lower Bollinger (10 Day) $56.67
  • Upper Bollinger (10 Day) $57.00
  • Lower Bollinger (20 Day) $56.49
  • Upper Bollinger (20 Day) $57.64
  • Lower Bollinger (30 Day) $56.52
  • Upper Bollinger (30 Day) $57.99

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $56.74
  • Resistance Level 1 n/a
  • Resistance Level 2 $56.96


  • Stochastic Oscillator %D (1 Day) 67.22
  • Stochastic Oscillator %D (5 Day) 59.26
  • Stochastic Oscillator %K (1 Day) 67.57
  • Stochastic Oscillator %K (5 Day) 52.04


  • Tracking Difference Median (%) -0.16
  • Tracking Difference Max Upside (%) 0.03
  • Tracking Difference Max Downside (%) -0.26
  • Median Premium Discount (%) 0.17
  • Maximum Premium Discount (%) 0.49
  • Average Spread (%) 1.08
  • Average Spread ($) 1.08

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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