iShares California Muni Bond ETFiShares California Muni Bond ETFiShares California Muni Bond ETF

iShares California Muni Bond ETF

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Key stats


Assets under management (AUM)
‪3.59 B‬USD
Fund flows (1Y)
‪819.49 M‬USD
Dividend yield (indicated)
2.96%
Discount/Premium to NAV
−0.09%
Shares outstanding
‪64.30 M‬
Expense ratio
0.08%

About iShares California Muni Bond ETF


Brand
iShares
Home page
Inception date
Oct 4, 2007
Structure
Open-Ended Fund
Index tracked
ICE AMT-Free California Municipal
Replication method
Physical
Management style
Passive
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


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Investment grade
Niche
Broad maturities
Strategy
Vanilla
Geography
California
Weighting scheme
Market value
Selection criteria
Market value

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of July 1, 2025
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal99.93%
Cash0.06%
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 99.93% 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.
CMF assets under management is ‪3.59 B‬ USD. It's risen 0.16% over the last month.
CMF fund flows account for ‪819.49 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CMF pays dividends to its holders with the dividend yield of 2.96%. 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 0.13% over the last month, and its yearly performance shows a −1.96% decrease. See more dynamics on CMF price chart.
NAV returns, another gauge of an ETF dynamics, showed a −0.32% decrease in three-month performance and has increased by 0.66% in a year.
CMF trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.