Fixed Income

CMF

iShares California Muni Bond ETF

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
4.18 4.23 2.89 4.57 4.27
Market Price (%) 4.52 4.16 2.89 4.66 4.27
Benchmark (%) 4.57 4.52 3.17 4.79 4.41
After Tax Pre-Liq. (%) 4.18 4.23 2.89 4.57 4.26
After Tax Post-Liq. (%) 3.22 3.73 2.70 4.19 3.99
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.82 0.63 -0.82 0.49 4.18 13.25 15.32 56.40 75.71
Market Price (%) -0.85 0.52 -0.85 0.41 4.52 13.02 15.29 57.67 75.73
Benchmark (%) -0.72 0.61 -0.72 0.67 4.57 14.19 16.89 59.69 78.89
After Tax Pre-Liq. (%) -0.82 0.63 -0.82 0.49 4.18 13.24 15.31 56.33 75.64
After Tax Post-Liq. (%) -0.37 0.43 -0.37 0.63 3.22 11.60 14.22 50.68 69.59
  2016 2017 2018 2019 2020
Total Return (%) -0.21 4.85 0.69 7.15 4.57
Market Price (%) -0.18 4.79 0.86 6.97 4.50
Benchmark (%) 0.00 5.15 0.95 7.32 5.00
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets as of May 07, 2021 $1,832,427,999
Inception Date Oct 04, 2007
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index S&P California AMT-Free Municipal bond Index
Bloomberg Index Ticker SPMUNCAT
Shares Outstanding as of May 07, 2021 29,350,000
Premium/Discount as of May 07, 2021 0.15%
CUSIP 464288356
Closing Price as of May 07, 2021 62.53
Options Available No
30 Day Avg. Volume as of May 06, 2021 150,187.00
30 Day Median Bid/Ask Spread as of May 06, 2021 0.03%
Daily Volume as of May 07, 2021 108,414.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of May 06, 2021 1,134
Equity Beta (3y) as of Mar 31, 2021 0.05
30 Day SEC Yield as of May 06, 2021 0.62%
Average Yield to Maturity as of May 06, 2021 0.87%
Standard Deviation (3y) as of Mar 31, 2021 3.99%
12m Trailing Yield as of May 06, 2021 1.71%
Tax Equiv. SEC Yield as of May 06, 2021 1.25%
Weighted Avg Coupon as of May 06, 2021 4.43%
Effective Duration as of May 06, 2021 6.48 yrs
Weighted Avg Maturity as of May 06, 2021 5.53 yrs
Convexity as of May 06, 2021 0.34
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Fees

Fees

as of current prospectus
Management Fee 0.25%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.25%

Holdings

Holdings

as of May 06, 2021
Issuer Weight (%)
CALIFORNIA (STATE OF) 24.00
UNIVERSITY OF CALIFORNIA 6.32
LOS ANGELES CALIF DEPARTMENT OF WATER & POWER 6.16
LOS ANGELES CALIF UNI SCH DIST 4.64
CALIFORNIA STATE UNIVERSITY 3.53
Issuer Weight (%)
BAY AREA TOLL AUTHORITY 2.70
SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN 2.58
LOS ANGELES CNTY CALIF MET TRANSN AUTH 2.51
CALIFORNIA STATE PUBLIC WORKS BOARD 2.40
SAN DIEGO CALIF UNI SCH DIST 2.35
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Effective Date Accrual Date
Holdings are subject to change.

The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of May 06, 2021

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business. Bonds are included in US bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer.