iShares California Muni Bond ETF

Frequently Asked Questions About CMF

What does CMF invest in?

The iShares California Muni Bond ETF is designed to mirror the financial performance of an underlying index. This index consists of highly-rated municipal debt securities that have been issued by various entities within the state of California.

What is the expense ratio of CMF?

iShares California Muni Bond ETF (CMF) charges an expense ratio of 0.08%. This is the annual fee deducted from fund assets to cover management and operations.

What is CMF's dividend yield?

CMF's trailing-twelve-month yield is 2.98%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CMF?

Effective duration measures CMF's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CMF's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CMF?

CMF's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CMF?

Yield to maturity (YTM) is the total return you'd earn from CMF if every bond in the portfolio is held to maturity at the current price. CMF's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.