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iShares Short-Term California Muni Active ETFiShares Short-Term California Muni Active ETFiShares Short-Term California Muni Active ETF

iShares Short-Term California Muni Active ETF

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Analysis
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Key stats


Assets under management (AUM)
‪102.83 M‬ USD
Fund flows (1Y)
‪75.23 M‬ USD
Dividend yield (indicated)
2.92%
Discount/Premium to NAV
0.1%
Shares outstanding
‪2.05 M‬
Expense ratio
0.20%

About iShares Short-Term California Muni Active ETF


Issuer
BlackRock, Inc.
Brand
iShares
Home page
ishares.com
Inception date
Jul 11, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
CALI actively invests in a portfolio of fixed and floating-rate municipal securities, including Muni bonds, municipal notes, and variable rate demand obligations, all issued in the State of California. It seeks tax-exempt income while aiming to reduce tax obligations and manage interest rate risk. To achieve this, the fund holds short-term, USD-denominated securities with investment grade rating, and remaining maturities of 5 years or less. On the other hand, it expects an effective portfolio duration of no more than 1.5 years and targets a weighted average maturity of less than three years. The fund is actively managed, which means investment decisions are at the discretion of the manager and it may also have a higher degree of portfolio turnover than an index-tracking fund. Prior to October 10, 2024, the fund used Blackrock for branding purposes instead of iShares and had a ticker of CALY.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Investment grade
Niche
Short-term
Strategy
Active
Geography
California
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance——————
NAV total return——————

What's in the fund


As of June 5, 2025
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal99.42%
Cash0.48%
Mutual fund0.10%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


CALI last dividends amounted to 0.11 USD. The month before, the issuer paid 0.12 USD in dividends, which shows a 12.71% decrease.
CALI assets under management is ‪102.83 M‬ USD. It's risen 11.03% over the last month.
CALI fund flows account for ‪75.23 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CALI pays dividends to its holders with the dividend yield of 2.92%. The last dividend (Jun 5, 2025) amounted to 0.11 USD. The dividends are paid monthly.
CALI shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Jul 11, 2023, and its management style is Active.
CALI expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
CALI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CALI invests in bonds.
CALI price has risen by 0.19% over the last month, and its yearly performance shows a 0.27% increase. See more dynamics on CALI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.45% over the last month, showed a 0.44% increase in three-month performance and has increased by 3.26% in a year.
CALI trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.