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Trending ETFs

iShares Short-Term California Muni Active ETF

Active ETF
CALI
Payout Change
Pending
Price as of:
$50.26 +0.05 +0.09%
primary theme
N/A
CALI (ETF)

iShares Short-Term California Muni Active ETF

Payout Change
Pending
Price as of:
$50.26 +0.05 +0.09%
primary theme
N/A
CALI (ETF)

iShares Short-Term California Muni Active ETF

Payout Change
Pending
Price as of:
$50.26 +0.05 +0.09%
primary theme
N/A

Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$50.26

$20.1 M

3.07%

$1.54

0.26%

Vitals

YTD Return

1.7%

1 yr return

2.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$20.1 M

Holdings in Top 10

23.5%

52 WEEK LOW AND HIGH

$50.2
$50.22
$50.40

Expenses

OPERATING FEES

Expense Ratio 0.26%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$50.26

$20.1 M

3.07%

$1.54

0.26%

CALI - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Short-Term California Muni Active ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Jul 13, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in municipal securities issued in the State of California (the “State” or “California”) by or on behalf of California state or local governments or agencies, whose interest payments are exempt from regular U.S. federal and California state income taxes.
Under normal circumstances, the Fund will primarily invest in U.S. dollar-denominated investment-grade short-term fixed- and floating-rate municipal securities issued by California with remaining maturities of five years or less, such as municipal bonds, municipal notes and variable rate demand obligations, as well as money market instruments and registered investment companies. Investment-grade securities are rated BBB‑ or higher by S&P Global Ratings and/or Fitch Ratings, Inc. (“Fitch”), or Baa3 or higher by Moody’s Investors Service, Inc. (“Moody’s”), or, if unrated, determined by the Fund’s management team to be of equivalent quality. Municipal bonds include debt obligations issued by or on behalf of a governmental entity or other qualifying issuer that pay interest that is, in the opinion of bond counsel to the issuer at the time of issuance, generally excludable from gross income for U.S. federal and California state income tax purposes.
The Fund may invest up to 20% of its net assets in securities that are not California municipal bonds (including, but not limited to, taxable municipal bonds, U.S. Treasury and Government agency issues, and investment grade corporate bonds). Further, the Fund may invest up to 20% of its net assets in municipal securities that pay interest that is subject to the federal alternative minimum tax. Issuers of such securities may be states, territories and possessions of the U.S., including the District of Columbia, and their political subdivisions, agencies and instrumentalities.
BFA or its affiliates may advise the money market funds and investment companies in which the Fund may invest.
Under normal circumstances, the effective duration of the Fund’s portfolio is expected to be 1.5 years or less, as calculated by the Fund’s management team. Effective duration is a measure of the Fund’s price sensitivity to changes in yields or interest rates; however, investors should be aware that effective duration is not an exact measurement and may not reliably predict a particular security’s price sensitivity to changes in yield or interest rates.
Under normal circumstances, the Fund will also seek to maintain a weighted average maturity that is less than three years. Weighted average maturity is a U.S. dollar-weighted average of the remaining term to maturity of the underlying securities in the Fund’s portfolio. Maturity of a debt security refers to the date upon which debt securities are due to be repaid, that is, the date when the issuer generally must pay back the face amount of the security.
The Fund is an actively managed exchange-traded fund (“ETF”) that does not seek to track the performance of a specified index. The Fund may have a higher degree of portfolio turnover than funds that seek to track the performance of an index.
The Fund is classified as non‑diversified under the Investment Company Act of 1940, as amended (the “1940 Act”).
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CALI - Performance

Return Ranking - Trailing

Period CALI Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% N/A N/A N/A
1 Yr 2.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period CALI Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period CALI Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% N/A N/A N/A
1 Yr 2.6% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period CALI Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

CALI - Holdings

Concentration Analysis

CALI Category Low Category High CALI % Rank
Net Assets 20.1 M N/A N/A N/A
Number of Holdings 77 N/A N/A N/A
Net Assets in Top 10 7.66 M N/A N/A N/A
Weighting of Top 10 23.46% N/A N/A N/A

Top 10 Holdings

  1. MODESTO CA WTR REVENUE COPS 3.95%
  2. LOS ANGELES CA 2.49%
  3. CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 2.47%
  4. CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE 2.45%
  5. LONG BEACH CALIF UNI SCH DIST 2.45%
  6. SAN DIEGO CALIF LEASE 2.45%
  7. BURBANK CA WTR PWR WTR REVENUE 2.06%
  8. SAN MATEO CALIF UN HIGH SCH DIST 1.84%
  9. CONTRA COSTA CA WTR DIST 1.69%
  10. SAN FRANCISCO CALIF CITY CNTY ARPTS COMMN INTL ARPT REV 1.62%

Asset Allocation

Weighting Return Low Return High CALI % Rank
Bonds
86.92% N/A N/A N/A
Cash
13.16% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High CALI % Rank
Cash & Equivalents
13.16% N/A N/A N/A
Derivative
0.00% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High CALI % Rank
US
86.92% N/A N/A N/A
Non US
0.00% N/A N/A N/A

CALI - Expenses

Operational Fees

CALI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% N/A N/A N/A
Management Fee 0.25% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

CALI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

CALI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CALI Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

CALI - Distributions

Dividend Yield Analysis

CALI Category Low Category High CALI % Rank
Dividend Yield 3.07% N/A N/A N/A

Dividend Distribution Analysis

CALI Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

CALI Category Low Category High CALI % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

CALI Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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CALI - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A