CALIiShares Short-Term California Muni Active ETF

Get income2y track recordRanked #450 of 1,622 in this goal

Seeks to maximize tax-free current income by investing in short-term municipal bonds issued in California.

By iShares · Launched 2023

Annual Cost

0.20%

#1,039 of 5,562 · low cost

Fund Size

$361M

#1,823 of 5,562 · large

Dividend YieldGoal

2.54%

Track Record

2 years

#3,074 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,291+2.9%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 24.2% of fund✓ well diversified

Bay Area Toll Authority

4.2%

City of Modesto CA Water Revenue

3.6%

Municipal Water District Of Orange County Water Facilities Corp

2.9%

Metropolitan Water District of Southern California

2.3%

Southern California Public Power Authority

2.0%

Tender Option Bond Trust Receipts/Certificates

1.9%

State of California

1.9%

California Community Choice Financing Authority

1.8%

SAN DIEGO CALIF LEASE

1.8%

California Public Finance Authority

1.8%

Asset allocation

Bonds

84.8%

Cash

15.2%

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)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

3.1 years

Avg maturity

10.2 years

Credit ratings

AAA

1.3%

42.8%

51.5%

BBB

4.4%

Where to buy

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 California.
Strategy: Invests primarily in municipal securities issued in California by state or local governments, aiming for at least 80% of net assets in these securities. Derivatives may count toward this 80% policy if they provide exposure to these securities.
Inception date: July 11, 2023
Fund family: iShares