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Upturn AI SWOT - About
iShares California Muni Bond ETF (CMF)
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Upturn Advisory Summary
09/16/2025: 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 1.41% | Avg. Invested days 35 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/16/2025 |
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. The fund provides exposure to a diversified portfolio of California municipal bonds, offering potential tax-exempt income for California residents. It focuses on bonds with relatively long maturities.
Reputation and Reliability
iShares, managed by BlackRock, is one of the largest and most reputable ETF providers globally, with a long track record of managing ETFs across various asset classes.
Management Expertise
BlackRock's fixed income team has extensive experience managing municipal bond portfolios, with expertise in credit analysis, portfolio construction, and risk management.
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 employs a passive management strategy, seeking to replicate the performance of the S&P California AMT-Free Municipal Bond Index.
Composition The ETF holds a diversified portfolio of California municipal bonds, primarily investment-grade, with varying maturities.
Market Position
Market Share: CMF holds a substantial market share within the California municipal bond ETF sector.
Total Net Assets (AUM): 143923896.75
Competitors
Key Competitors
- Vanguard California Municipal Bond ETF (VCMT)
- Invesco California Value Municipal Income Trust (VCV)
- PIMCO California Municipal Income Fund II (PZC)
Competitive Landscape
The California municipal bond ETF market is competitive, with iShares (CMF) and Vanguard (VCMT) being the dominant players. CMF offers a passively managed approach, replicating a broad index. Competitors like VCMT offer similar strategies and smaller players might focus on different segments of the muni bond market with varying credit qualities.
Financial Performance
Historical Performance: Historical performance data should be obtained from reliable financial data providers (e.g., Morningstar, Bloomberg).
Benchmark Comparison: The ETF's performance is typically compared to the S&P California AMT-Free Municipal Bond Index.
Expense Ratio: 0.25
Liquidity
Average Trading Volume
The ETF generally exhibits moderate trading volume, facilitating relatively easy entry and exit for investors.
Bid-Ask Spread
The bid-ask spread is typically tight, indicating good liquidity and lower transaction costs.
Market Dynamics
Market Environment Factors
Economic conditions in California, interest rate movements, and changes in tax laws can significantly impact the performance of California municipal bonds.
Growth Trajectory
The growth trajectory is influenced by demand for tax-exempt income, interest rate environment, and overall economic health of California; strategy is generally stable.
Moat and Competitive Advantages
Competitive Edge
iShares' brand recognition and distribution network provide a competitive advantage. The fund's size and liquidity make it attractive to institutional investors. The low expense ratio compared to some actively managed funds is a key selling point. The fundu2019s focus on investment-grade bonds provides stability. It also efficiently tracks its underlying index.
Risk Analysis
Volatility
The ETF's volatility is generally low to moderate, reflecting the stability of investment-grade municipal bonds.
Market Risk
The ETF is subject to interest rate risk, credit risk (although minimized by focusing on investment-grade bonds), and state-specific economic risks.
Investor Profile
Ideal Investor Profile
California residents seeking tax-exempt income, particularly those in higher tax brackets, are ideal investors. Investors seeking stable, low-volatility investments may also find the ETF appealing.
Market Risk
The ETF is suitable for long-term investors seeking tax-advantaged income, as well as passive index followers.
Summary
The iShares California Muni Bond ETF (CMF) offers a tax-efficient way for California residents to invest in a diversified portfolio of investment-grade California municipal bonds. It is passively managed and seeks to track the S&P California AMT-Free Municipal Bond Index, providing stable income with relatively low volatility. Its competitive expense ratio and strong backing from iShares make it a compelling option for income-seeking investors. It is however, susceptible to interest rate risk and state-specific economic concerns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- iShares.com
- Morningstar
- Bloomberg
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Market share data is estimated and may vary. Performance data is based on historical results and is not indicative of future performance.
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.
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