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ETFs

iShares California Muni Bond ETF

CMF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 4, 2007
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$16,721,285
AUM
$2,209,747,598
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
1.03%
n/a
BAY AREA TOLL AUTH CALIF TOLL
0.82%
n/a
UNIVERSITY CALIF REVS
0.72%
n/a
FOOTHILL / EASTERN TRANSN CORR
0.72%
n/a
CALIFORNIA ST UNIV REV
0.62%
n/a
LOS ANGELES CALIF DEPT WTR & P
0.55%
n/a
CALIFORNIA ST PUB WKS BRD LEAS
0.54%
n/a
Univ CA 5 % Bonds 2018-15.05.48 General Revenue Bonds Series AZ
0.49%
n/a
MORENO VALLEY CALIF UNI SCH DI
0.47%
n/a
SAN DIEGO CALIF PUB FACS FING
0.45%
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 SCMB, CGMU, JMUB

CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
TAXF
American Century ETF Trust - American Century Diversified 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

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

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 -0.0139%. This is the percent change in the value of CMF over the most recent 1-month period. The 3-month return on CMF is -0.0279%. 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 0.0452%. 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 HYMB, SUB, and HYD.

ETFs correlated to CMF include SCMB, CGMU, and JMUB.

ETFs that are inversely correlated to CMF include TTT, TBT, and TMV.

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.