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Upturn AI SWOT - About
iShares California Muni Bond ETF (CMF)
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Upturn Advisory Summary
07/30/2025: CMF (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -2.2% | Avg. Invested days 31 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/30/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.92 | 52 Weeks Range 53.34 - 57.29 | Updated Date 06/29/2025 |
52 Weeks Range 53.34 - 57.29 | Updated Date 06/29/2025 |
Upturn AI SWOT
iShares California Muni Bond ETF
ETF Overview
Overview
The iShares California Muni Bond ETF (CMF) seeks to track the investment results of an index composed of investment-grade California municipal bonds. It provides exposure to California's municipal bond market, offering potential tax-exempt income to California residents. The ETF focuses on bonds issued by the state of California and its municipalities.
Reputation and Reliability
BlackRock is a globally recognized and reputable asset manager with a long track record of managing ETFs.
Management Expertise
BlackRock's experienced fixed-income team manages the ETF, leveraging their expertise in municipal bond markets.
Investment Objective
Goal
To track the investment results of an index composed of investment-grade California municipal bonds.
Investment Approach and Strategy
Strategy: The ETF aims to replicate the investment results of the S&P California AMT-Free Municipal Bond Index.
Composition The ETF holds a portfolio of California municipal bonds, primarily investment-grade, with varying maturities.
Market Position
Market Share: CMF has a significant market share within the California municipal bond ETF category, though subject to change based on competitor flows.
Total Net Assets (AUM): 891588128
Competitors
Key Competitors
- PZA
- VCLT
- BAB
Competitive Landscape
The California municipal bond ETF market is competitive, with several ETFs offering similar exposure. CMF's advantages include BlackRock's brand recognition and typically high trading volume. Disadvantages may include expense ratio or yield relative to peers. PZA and VCLT are the main competitors. BAB is a broader municipal bond ETF.
Financial Performance
Historical Performance: Historical performance can be found on the iShares website or other financial data providers.
Benchmark Comparison: Performance is measured against the S&P California AMT-Free Municipal Bond Index.
Expense Ratio: 0.25
Liquidity
Average Trading Volume
The ETF generally exhibits moderate to high average daily trading volume, which indicates good liquidity.
Bid-Ask Spread
The bid-ask spread is typically tight, reflecting the ETF's liquidity and investor interest.
Market Dynamics
Market Environment Factors
Interest rate changes, California's economic health, and changes in tax laws influence CMF's performance.
Growth Trajectory
Growth trends are linked to California's economy, municipal bond issuance, and investor demand for tax-exempt income.
Moat and Competitive Advantages
Competitive Edge
CMF benefits from BlackRock's established presence and expertise in the ETF market. Its focus on California municipal bonds provides tax-advantaged income to California residents. The ETF offers a relatively low-cost way to access a diversified portfolio of California municipal bonds. The ETF generally has high trading volume compared to its peers. These factors contribute to its competitive edge.
Risk Analysis
Volatility
Volatility is influenced by interest rate sensitivity and credit risk of the underlying municipal bonds.
Market Risk
Market risks include interest rate risk, credit risk (default risk of the municipal issuers), and liquidity risk.
Investor Profile
Ideal Investor Profile
The ideal investor is a California resident seeking tax-exempt income and a diversified exposure to California municipal bonds.
Market Risk
CMF is suitable for long-term investors seeking tax-advantaged income, and those following a passive investment strategy.
Summary
The iShares California Muni Bond ETF provides exposure to California's municipal bond market, offering potential tax-exempt income. Its performance depends on factors, like California's economy and interest rate environment. It is suitable for California residents seeking a diversified, low-cost way to access the state's municipal bond market. CMF offers a liquid option managed by a trusted issuer, BlackRock. It is ideal for long-term, passive investors seeking tax-advantaged income.
Peer Comparison
Sources and Disclaimers
Data Sources:
- iShares website
- Bloomberg
- Morningstar
- Company Filings
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment involves risk, including the potential loss of principal.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares California Muni Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index includes municipal bonds issued in the State of California, the interest of which is exempt from Federal income taxes and not subject to AMT. The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that the advisor believes will help the fund track the underlying index. It is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.