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ETFs

iShares California Muni Bond ETF

CMF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 04 2007
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$16,767,617
AUM
—
Associated Index
ICE AMT-Free California Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Cal Educ Fac Auth 5 % Bonds 2014-1.5.45 Standford Univ Series U-6
1.19%
n/a
Univ CA Remarketable 2013-15.05.48 General Series Al-2 Variable Rate
0.88%
n/a
FOOTHILL / EASTERN TRANSN CORR
0.80%
n/a
SANTA CLARA VY CALIF TRANSN AUTH S
0.73%
n/a
LOS ANGELES CALIF DEPT WTR & P
0.65%
n/a
MORENO VALLEY CALIF UNI SCH DI
0.52%
n/a
FREMONT CA UNION HIGH
0.51%
n/a
LOS ANGELES-TRANS
0.50%
n/a
CALIFORNIA ST
0.45%
n/a
SAN DIEGO CALIF UNI SCH DIST
0.44%
Invest with CMF

What is CMF?

The Fund seeks to track the investment results of the ICE AMT-Free California Municipal Index (the Underlying Index ), which measures the performance of U.S. dollar denominated investment grade tax-exempt debt publicly issued in the U.S. domestic market by the state of California and its political subdivisions. The Underlying Index includes municipal bonds issued in the State of California (the State or California ), the interest of which is exempt from Federal income taxes and not subject to alternative minimum tax. Each bond in the Underlying Index must have a rating of at least BBB- by Standard & Poor s Global Ratings, a subsidiary of S&P Global, Baa3 by Moody s Investors Service, Inc., or BBB- by Fitch Ratings, Inc.

ETFs related toCMF

ETFs correlated to CMF include CGMU, MUB, VTEB

CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
TAXF
American Century ETF Trust - American Century Diversified Municipal Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCMF

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#DALIO

The Dalio

Category

Classic

Risk Rating

Conservative

Create your own algorithmic trading strategy with CMF using Composer

FAQ

CMF is a US Bonds ETF. The Fund seeks to track the investment results of the ICE AMT-Free California Municipal Index (the Underlying Index ), which measures the performance of U.S. dollar denominated investment grade tax-exempt debt publicly issued in the U.S. domestic market by the state of California and its political subdivisions. The Underlying Index includes municipal bonds issued in the State of California (the State or California ), the interest of which is exempt from Federal income taxes and not subject to alternative minimum tax. Each bond in the Underlying Index must have a rating of at least BBB- by Standard & Poor s Global Ratings, a subsidiary of S&P Global, Baa3 by Moody s Investors Service, Inc., or BBB- by Fitch Ratings, Inc.

CMF tracks the ICE AMT-Free California Municipal Index.

No, CMF is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CMF is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CMF is 0.0283%. This is the percent change in the value of CMF over the most recent 1-month period. The 3-month return on CMF is 0.0242%. This is the percent change in the value of CMF over the most recent 3-month period.

The standard deviation of CMF for the past year is 0.0529%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CMF include BAB, MUNI, and HYD.

ETFs correlated to CMF include CGMU, MUB, and VTEB.

ETFs that are inversely correlated to CMF include TYO, PST, and TBX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.