CMFiShares California Muni Bond ETF

Get income18y track recordRanked #64 of 1,622 in this goal

Seeks to track the investment results of an index of investment-grade municipal bonds in California.

By iShares · Launched 2007

Annual Cost

0.08%

#408 of 5,562 · low cost

Fund Size

$4.4B

#468 of 5,562 · large

Dividend YieldGoal

2.96%

Track Record

18 years

#526 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,507+5.1%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

ICE AMT-Free California Municipal Index

What it actually holds

By weight

Concentration

Top 10 holdings = 4.7% of fund✓ well diversified

University of California

0.6%

Los Angeles Unified School District

0.6%

Orange County Water District

0.6%

California Educational Facilities Authority

0.5%

California State University

0.5%

Anaheim Housing & Public Improvements Authority

0.5%

University of California

0.4%

State of California

0.4%

Foothill-Eastern Transportation Corridor Agency

0.4%

State of California

0.3%

Asset allocation

Bonds

98.9%

Cash

1.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.8%Low

Year-on-year price swings

Max drawdown

-14.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.05Below average

Sortino (3Y)

-0.06Moderate downside risk

Bond profile

Duration

4.6 years

Avg maturity

10.4 years

Credit ratings

AAA

8.3%

83.9%

7.2%

BBB

0.5%

Other

0.1%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to track the investment results of an index of investment-grade municipal bonds in California.
Strategy: Invests primarily in the ICE AMT-Free California Municipal Index, which measures U.S. dollar denominated investment-grade municipal bonds issued in California. Uses representative sampling indexing strategy.
Inception date: October 4, 2007
Fund family: iShares