Summary
CMF Chart
JPMorgan Converts $950M to Active NY, CA Muni ETFs
This week J.P. Morgan Asset Management launched two actively managed municipal bond ETFs focused on California and New York debt, offering investors a way to earn tax-free income inside a more flexible and transparent fund structure.
The Tax Free Muni Bond Portfolio That Replaces a $75,000 Salary at $1.6 Million Invested
A $75,000 salary sits at the top of the U.S. median household range, but for a retiree in a high federal and state bracket, replacing it with taxable income means earning much more before Uncle Sam takes his cut.
Your Treasury Income May Already Be Paying California, Unless You're Holding It in This ETF
Tony Dong is the founder of ETF Portfolio Blueprint.
iShares California Muni Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 750 | $43,155 | $42,963.75 | -$191.25 | -0.44% |
| TM Tom McDonald Richards, MERRILL & PETERSON Inc. | 1,225 | $70,389 | $70,131.25 | -$257.75 | -0.37% |
| PB Patricia Buchholtz ECLECTIC ASSOCIATES Inc. /ADV | 7,646 | $441,916.76 | $438,001.11 | -$3,915.65 | -0.89% |
 CliftonLarsonAllen Wealth Advisors CliftonLarsonAllen Wealth Advisors LLC | 192,029 | $10.93M | $10.99M | $65,843.61 | 0.6% |
 Pacific Capital Wealth Advisors Pacific Capital Wealth Advisors Inc. | 9,828 | $602,931.82 | $562,898.7 | -$40,033.12 | -6.64% |
iShares California Muni Bond ETF (CMF) FAQ
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Does it pay dividends? What is the current yield?
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Has iShares California Muni Bond ETF ever had a stock split?
iShares California Muni Bond ETF Profile
| ARCA Exchange | US Country |
Overview
This company specializes in managing a fund that focuses exclusively on municipal bonds issued within the State of California. The unique selling proposition of these bonds is their federal income tax-exempt status, which also excludes them from the Alternative Minimum Tax (AMT). Emphasizing a strategic approach towards investment, the company commits a significant portion of its assets, at least 80%, to securities that form part of the underlying index it aims to emulate. Further, it ensures that a minimum of 90% of its holdings are in fixed income securities corresponding to the types found within the index, as selected by the fund's advisor to closely track the index's performance. The fund is categorized as non-diverse, focusing its investments in a specific geographic and financial niche.
Products and Services
- Municipal Bonds Investment Fund
This product is essentially a fund that invests primarily in municipal bonds issued by the State of California. The key advantage for investors is the exemption from Federal income taxes, including relief from the Alternative Minimum Tax for these bonds. This attribute makes the fund an attractive option for investors seeking tax-efficient investment vehicles.
- Managed Fixed Income Securities
The fund dedicates a substantial portion, specifically over 90%, of its assets to fixed income securities. These are chosen with precision based on their inclusion in the underlying index, ensuring a strategic alignment with the fund's objective to replicate the index's performance. The management of these securities is conducted with the aim of providing stable returns aligned with the underlying index, catering to investors who prioritize fixed income investments.
