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CMF - iShares California Muni Bond ETF

Expense Ratio: 0.08%

CMF ETF Stock Chart

CMF Profile

iShares California Muni Bond ETF logo

The iShares California Muni Bond ETF, with the ticker symbol CMF, is an exchange-traded fund that seeks to track the performance of the S&P California AMT-Free Municipal Bond Index. The ETF invests in a portfolio of investment-grade municipal bonds issued by California municipalities, providing investors with exposure to the California municipal bond market. Here's an extended company report for the iShares California Muni Bond ETF:

The iShares California Muni Bond ETF was launched in 2007 by BlackRock, a global investment management firm. The ETF seeks to track the performance of the S&P California AMT-Free Municipal Bond Index, which is designed to measure the performance of investment-grade municipal bonds issued by California municipalities.

The iShares California Muni Bond ETF provides investors with exposure to the California municipal bond market through a portfolio of investment-grade municipal bonds. The ETF's investment strategy seeks to provide investors with a way to gain exposure to the California municipal bond market while maintaining a diversified portfolio of investments.

As of March 18, 2023, the iShares California Muni Bond ETF had a net asset value of approximately $1.1 billion. The ETF's expense ratio is 0.25%, which is lower than the average expense ratio for similar ETFs.

Investing in the iShares California Muni Bond ETF involves risks, including the risk that the ETF's performance may be affected by changes in interest rates, changes in the California municipal bond market, and other factors that may impact the municipal bonds in which the ETF invests. In addition, the ETF's performance may be affected by changes in market conditions, as well as fluctuations in the prices of individual securities held by the ETF.

In conclusion, the iShares California Muni Bond ETF provides investors with exposure to the California municipal bond market through a portfolio of investment-grade municipal bonds. The ETF's investment strategy seeks to provide investors with a way to gain exposure to the California municipal bond market while maintaining a diversified portfolio of investments. However, investors should carefully consider the risks and potential benefits of investing in the iShares California Muni Bond ETF before making any investment


 

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