CMFiShares California Muni Bond ETF

Get income18y track recordRanked #64 of 1,706 in this goal

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%

#278 of 6,040 · low cost

Fund Size

$4.6B

#475 of 6,040 · large

Return (1Y)

-0.3%

Track Record

18 years

#523 of 6,040 · established

Performance

Total-return NAV · USD

Growth of $10,000

$9,972-0.3%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

ICE AMT-Free California Municipal Index

Holdings

By weight

Concentration

Top 10 holdings = 4.6% of funddiversified

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

101.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.9%Low

Year-on-year price swings

Max drawdown

-14.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.32Below average

Sortino (3Y)

-0.41Moderate downside risk

Bond profile

Duration

4.6 years

Avg maturity

10.2 years

Credit ratings

AAA

8.4%

84.1%

7.1%

BBB

0.2%

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