CALIiShares Short-Term California Muni Active ETF

Get income3y track recordRanked #402 of 1,706 in this goal

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%

#967 of 6,040 · low cost

Fund Size

$494M

#1,674 of 6,040 · large

Return (1Y)

+1.4%

Track Record

3 years

#3,010 of 6,040 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,142+1.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Holdings

By weight

Concentration

Top 10 holdings = 21.9% of funddiversified

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

95.0%

Cash

5.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

0.8%Low

Year-on-year price swings

Max drawdown

-0.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.91Below average

Sortino (3Y)

-1.19Moderate downside risk

Bond profile

Duration

3.3 years

Avg maturity

10.1 years

Credit ratings

AAA

0.9%

47.9%

50.5%

BBB

0.6%

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