---
ticker: "CMF"
name: "iShares California Muni Bond ETF"
url: "https://etf.net/etf/CMF"
grade: "A"
score: 81
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "6 of 63"
methodology: "https://etf.net/methodology"
---

# CMF: iShares California Muni Bond ETF

Grade **A**, Score 81 of 100. Rank 6 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 92 | 6 of 63 |
| Mission | 99 | 9 of 59 |
| Risk | 50 | 28 of 63 |
| Tradability | 63 | 19 of 63 |
| Holdings | 75 | 16 of 63 |
| Durability | 92 | 3 of 63 |

## Top holdings

The fund holds 1830 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Los Angeles Calif Uni Sch Dist 5.00% 07/01/2034 | 0.59% |
| 2 | — | Bay Area Toll Auth Calif Toll 04/01/2059 | 0.55% |
| 3 | — | Irvine Ranch Calif Wtr Dist 02/01/2056 | 0.52% |
| 4 | — | California St 5.25% 08/01/2032 | 0.46% |
| 5 | — | University Calif Revs 5.00% 05/15/2036 | 0.44% |
| 6 | — | Los Angeles Calif Uni Sch Dist 5.00% 07/01/2031 | 0.43% |
| 7 | — | East Bay Calif Mun Util Dist W 5.00% 06/01/2039 | 0.43% |
| 8 | — | University Calif Revs 5.50% 05/15/2040 | 0.41% |
| 9 | — | San Mateo Cnty Calif Transn Au 06/01/2049 | 0.41% |
| 10 | — | California Edl Facs Auth Rev 5.00% 05/01/2045 | 0.37% |
| 11 | — | San Mateo Cnty Calif Transn Au 06/01/2049 | 0.37% |
| 12 | — | California St Univ Rev 5.50% 11/01/2055 | 0.36% |
| 13 | — | Orange Cnty Calif Wtr Dist Rev 08/01/2042 | 0.36% |
| 14 | — | California St 4.00% 03/01/2036 | 0.34% |
| 15 | — | Anaheim Calif Hsg & Pub Impt A 10/01/2054 | 0.33% |
| 16 | — | California St 5.00% 03/01/2055 | 0.32% |
| 17 | — | University of California 5.25% 05/15/2040 | 0.28% |
| 18 | — | Los Angeles Calif Dept Wtr & P 5.00% 07/01/2030 | 0.28% |
| 19 | — | California St 3.00% 10/01/2036 | 0.26% |
| 20 | — | Irvine Ranch Calif Wtr Dist 10/01/2037 | 0.26% |
| 21 | — | San Francisco Calif City & Cnt 4.00% 10/01/2029 | 0.26% |
| 22 | — | University Calif Revs 5.50% 05/15/2040 | 0.25% |
| 23 | — | University Calif Revs 5.00% 05/15/2029 | 0.24% |
| 24 | — | California St 4.00% 09/01/2043 | 0.24% |
| 25 | — | University of California 5.00% 05/15/2033 | 0.23% |
| 26 | — | California (State Of) 5.00% 08/01/2050 | 0.23% |
| 27 | — | Beverly Hills Calif Uni Sch Dist 0.00% 08/01/2027 | 0.23% |
| 28 | — | Foothill / Eastern Transn Corr 4.00% 01/15/2046 | 0.23% |
| 29 | — | California St Pub Wks Brd Leas 5.00% 11/01/2047 | 0.22% |
| 30 | — | San Francisco Calif City & Cnt 5.00% 11/01/2030 | 0.22% |

Source: etf.net, https://etf.net/etf/CMF. Please cite the page URL.