CALIiShares Short-Term California Muni Active ETF
Seeks to maximize tax-free current income by investing in short-term municipal bonds issued in the State of California.
By iShares · Launched 2023
Annual Cost
0.20%
#934 of 5,854 · low cost
Fund Size
$406M
#1,767 of 5,854 · large
Dividend YieldGoal
2.52%
Track Record
3 years
#2,997 of 5,854 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,234+2.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 21.9% of fund✓ well diversified
City of Modesto CA Water Revenue
3.9%
Municipal Water District Of Orange County Water Facilities Corp
2.9%
California Community Choice Financing Authority
2.2%
California Pollution Control Financing Authority
2.0%
Metropolitan Water District of Southern California
2.0%
University of California
2.0%
Metropolitan Water District of Southern California
1.9%
Southern California Public Power Authority
1.7%
California Municipal Finance Authority
1.7%
State of California
1.7%
Asset allocation
Bonds
90.3%
Cash
9.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
0.7%Low
Year-on-year price swings
Max drawdown
-0.8%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.57Below average
Sortino (3Y)
-0.76Moderate downside risk
Bond profile
Duration
3.5 years
Avg maturity
10.2 years
Credit ratings
AAA
1.0%
AA
51.0%
A
47.8%
BBB
0.2%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks to maximize tax-free current income by investing in short-term municipal bonds issued in the State of California.
- Strategy
- Actively manages a portfolio primarily invested in short-term municipal securities issued by California state or local governments, aiming for tax-free current income. The Fund may invest in derivatives and other securities, maintaining a weighted average maturity of less than three years.
- Inception date
- July 11, 2023
- Fund family
- iShares
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Data updated on 2026-08-03