# iShares California Muni Bond ETF (CMF) — Overview

CMF · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/cmf

## Price

Last close $54.82 on Oct 16, 2026. 52-week range $53.68 – $58.41.

## Fund profile

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.

| Metric | Value |
| --- | --- |
| Issuer | BlackRock Fund Advisors |
| Industry | — |
| Inception | Oct 4, 2007 |
| Assets under management | $5.1B |
| Expense ratio | 0.08% |
| Net asset value | $54.70 (as of Oct 15, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is iShares California Muni Bond ETF (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.

### What is CMF's expense ratio?

iShares California Muni Bond ETF charges an annual expense ratio of 0.08%. The fund is issued by BlackRock Fund Advisors.

### How large is CMF?

iShares California Muni Bond ETF manages $5.1B in assets and has traded since Oct 4, 2007.

### How do I buy shares of iShares California Muni Bond ETF (CMF)?

CMF trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).