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Your Treasury Income May Already Be Paying California, Unless You’re Holding It in This ETF
Key takeaways
- Your Treasury Income May Already Be Paying California, Unless You’re Holding.
- California Munis Simplify Things: CMF provides federally tax-exempt income and potential California state tax exemption in one package.
- Tax-Equivalent Yield Changes the Picture: CMF’s tax-equivalent yield becomes far more competitive for high-income California retirees than its 30-day SEC yield.
Your Treasury Income May Already Be Paying California, Unless You’re Holding. It in This ETF Alexander Lukatskiy/Shutterstock.com Tony Dong Sat, May 23, 2026 at 10:04 PM GMT+7 4 min read GOVT NVDA CMF Quick Read Treasury ETFs Have a Small Tax Catch: GOVT offers state tax advantages, but investors may still need to manually adjust Treasury income reporting on their tax returns.
California Munis Simplify Things: CMF provides federally tax-exempt income and potential California state tax exemption in one package.
Tax-Equivalent Yield Changes the Picture: CMF’s tax-equivalent yield becomes far more competitive for high-income California retirees than its 30-day SEC yield.
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