CMFiShares California Muni Bond ETF
Tracks the investment results of an index composed of investment-grade municipal bonds issued in the State of California.
By iShares · Launched 2007
Annual Cost
0.08%
#275 of 5,853 · low cost
Fund Size
$4.5B
#470 of 5,853 · large
Dividend YieldGoal
2.94%
Track Record
18 years
#516 of 5,853 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,374+3.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
ICE AMT-Free California Municipal Index
What it actually holds
By weightConcentration
Top 10 holdings = 4.6% of fund✓ well diversified
University of California
0.5%
Los Angeles Unified School District
0.5%
Los Angeles Unified School District
0.5%
California Educational Facilities Authority
0.5%
University of California
0.5%
California State University
0.5%
State of California
0.4%
San Francisco City & County Airport Comm-San Francisco International Airport
0.4%
Orange County Water District
0.4%
University of California
0.4%
Asset allocation
Bonds
99.3%
Cash
0.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.9%Low
Year-on-year price swings
Max drawdown
-14.6%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.27Below average
Sortino (3Y)
-0.35Moderate downside risk
Bond profile
Duration
4.6 years
Avg maturity
10.4 years
Credit ratings
AAA
8.5%
AA
83.6%
A
7.3%
BBB
0.2%
BB
0.3%
Other
0.1%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Tracks the investment results of an index composed of investment-grade municipal bonds issued in the State of California.
- Strategy
- Seeks to track the investment results of the ICE AMT-Free California Municipal Index, which measures U.S. dollar denominated investment-grade tax-exempt debt issued in California. Invests primarily in municipal bonds with a minimum rating of BBB- and aims to keep portfolio turnover low.
- Inception date
- October 4, 2007
- Fund family
- iShares
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Data updated on 2026-08-02