What is CMF?

CMF tracks a market-value-weighted index of investment-grade debt issued by California governments and agencies. Interest is exempt from US & California tax and from AMT.

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CMF 4.57% 0.40% -8.01% -7.73% -0.96% 1.15% 1.82%
CMF (NAV) 4.59% 0.23% -8.07% -7.82% -0.96% 1.12% 1.83%
ICE AMT-Free California Municipal Index 4.61% 0.22% -8.06% -7.79% -0.71% 1.36% 2.06%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CMF Factset Analytics Insight

CMF provides broad exposure to California municipal bonds. The fund only holds USD-denominated debt issued in California that is exempted from US and California income taxes and the alternative minimum tax (AMT). The index adheres to the requirements of its parent, the ICE AMT-Free California Municipal Index, but must have a minimum par amount of $15 million to qualify and have a minimum term to maturity above one month. The fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is reviewed and rebalanced on a monthly basis. Prior to September 15, 2021, the fund tracks the S&P California AMT-Free Municipal Bond Index.

CMF Summary Data

Blackrock
10/04/07
0.25%
$1.88B
ICE AMT-Free California Municipal Index
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

+$0.01B 5 Days
+$0.16B 30 Days
+$0.07B 90 Days

CMF Portfolio Data

5.92
--
4.13%
12/01/22
--

CMF Index Data

ICE AMT-Free California Municipal Index
Market Value
Market Value
N/A

CMF Portfolio Management

0.25%
-0.17%
-0.01%
-0.36%

CMF Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

CMF Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 11/30/22

This measurement shows how easy it is to trade a $1 million USD block of CMF. CMF is rated a N/A out of 5.

CMF Tradability

535,573
$29.28M
388,095
$21.10M
0.04%
$0.02
0.12%
0.63% / -0.84%
None
100.00%
50,000
7.76
0.01%
--
127
$56.31
N/A

CMF Sector/Industry Breakdown

CMF Segment
Benchmark
78.31% --
9.02% --
6.97% --
3.35% --
1.36% --
0.57% --
0.30% --
0.12% --

CMF Top 10 Holdings

0.57%
0.55%
0.51%
0.49%
0.46%
0.46%
0.46%
0.45%
0.45%
0.44%
4.85%

CMF Performance Statistics

--
--
--
--
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CMF Top 5 Countries

CMF Segment
Benchmark
100.00% --

CMF Top 5 Currencies

CMF Segment
Benchmark
100.00% --

CMF Avg Life Maturity Distribution

10.39%
10.47%
9.14%
12.84%
7.44%
5.27%
10.25%
13.78%
20.42%

CMF OAS Breakdown

98.60%
1.40%
--
--
--
--
--
--
--
--
--

CMF Holdings Statistics

10.38 years
5.92
4.13%
6.02
--
--
0.11%