-
Posted by
Two Blokes Jun 22 -
Filed in
Stock
-
6 views
CMF is only suitable for high-income California residents seeking tax-free income, due to its structure and the state's high tax rates. The fund offers broad diversification, low fees, and strong liquidity, but its yield is only compelling at the top tax brackets. Munis pay lower coupons because tax breaks attract high earners, pushing yields down for everyone else—making CMF unattractive for most investors.
