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iShares California Muni Bond ETF CMF

Morningstar Medalist Rating
Medalist Rating as of | See iShares Investment Hub

Morningstar’s Analysis CMF

Will CMF outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CMF’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CMF management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CMF’s parent organization’s priorities and whether they’re in line with investors’ interests.

A decline in its Process Pillar rating is the primary driver of iShares California Muni Bond ETF's downgrade to a Morningstar Medalist Rating of Bronze from Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CMF

More CMF Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA EDL FACS AUTH REV 5%

0.86 24.6 Mil
municipal

METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 5%

0.60 17.2 Mil
municipal

FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 4%

0.60 17.2 Mil
municipal

CALIFORNIA ST 5%

0.55 15.7 Mil
municipal

CALIFORNIA ST 5%

0.54 15.6 Mil
municipal

SAN DIEGO CALIF UNI SCH DIST 5%

0.52 14.7 Mil
municipal

CALIFORNIA ST PUB WKS BRD LEASE REV 4.63%

0.51 14.6 Mil
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.85%

0.49 14.0 Mil
municipal

CALIFORNIA ST UNIV REV 5%

0.47 13.4 Mil
municipal

SOUTHERN CALIF PUB PWR AUTH PWR PROJ REV 4.05%

0.46 13.1 Mil
municipal