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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Key stats


Assets under management (AUM)
‪40.18 M‬USD
Fund flows (1Y)
‪20.05 M‬USD
Dividend yield (indicated)
3.14%
Discount/Premium to NAV
0.2%

About iShares Short-Term California Muni Active ETF


Issuer
Blackrock Finance, Inc.
Brand
iShares
Expense ratio
0.20%
Home page
Inception date
Jul 11, 2023
Index tracked
No Underlying Index
Management style
Active
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
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 November 5, 2024
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal98.75%
Cash1.02%
Mutual fund0.24%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows