Fixed Income

CALI

iShares Short-Term California Muni Active ETF

Overview

Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

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Performance

Performance

Chart

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Distributions

Record Date Ex-Date Payable Date
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This chart shows the fund's performance as the percentage loss or gain per year over the last 0 years.

  2019 2020 2021 2022 2023
Total Return (%)
Benchmark (%)
  From
30-Sept-2019
To
30-Sept-2020
From
30-Sept-2020
To
30-Sept-2021
From
30-Sept-2021
To
30-Sept-2022
From
30-Sept-2022
To
30-Sept-2023
From
30-Sept-2023
To
30-Sept-2024
Total Return (%)

as of 30-Sept-2024

- - - - 4.51
Benchmark (%)

as of 30-Sept-2024

- - - - 4.25
  1y 3y 5y 10y Incept.
4.51 - - - 3.67
Benchmark (%) 4.25 - - - 3.53
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.48 0.39 1.39 2.14 4.51 - - - 4.51
Benchmark (%) 2.45 0.27 1.35 2.17 4.25 - - - 4.32
Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.

Key Facts

Key Facts

Net Assets of Fund
as of 11-Dec-2024
USD 42,761,012
Exchange
NASDAQ
Benchmark Index
Bloomberg CA IG Only 0-2yr Index
Premium/Discount
as of 11-Dec-2024
0.05%
Volume - 1d
as of 11-Dec-2024
21,399.00
Fund Launch Date
11-Jul-2023
Asset Class
Fixed Income
Distribution Frequency
Monthly
CUSIP
092528884

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 11-Dec-2024
55
12 Month Trailing Dividend Distribution Yield
as of 10-Dec-2024
3.14
Weighted Average YTM
as of 11-Dec-2024
3.08
Weighted Avg Coupon
as of 11-Dec-2024
3.88
Effective Duration
as of 11-Dec-2024
0.93
Option Adjusted Spread
as of 11-Dec-2024
49.42
Equity Beta (3y)
as of -
-
Standard Deviation (3y)
as of -
-
Tax Equiv. SEC Yield
as of 10-Dec-2024
6.32
Weighted Avg Maturity
as of 11-Dec-2024
1.00
Convexity
as of 11-Dec-2024
0.01

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of 11-Dec-2024
0.00%
MSCI - Nuclear Weapons
as of 11-Dec-2024
0.00%
MSCI - Civilian Firearms
as of 11-Dec-2024
0.00%
MSCI - Tobacco
as of 11-Dec-2024
0.00%
MSCI - UN Global Compact Violators
as of 11-Dec-2024
0.00%
MSCI - Thermal Coal
as of 11-Dec-2024
0.00%
MSCI - Oil Sands
as of 11-Dec-2024
0.00%

Business Involvement Coverage
as of 11-Dec-2024
11.00%
Percentage of Fund not covered
as of 11-Dec-2024
89.00%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.01%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Management Fee 0.25
Acquired Fund Fees and Expenses 0.00
Foreign Taxes and Other Expenses 0.00
Gross Expense Ratio 0.25
Fee Waivers 0.05
Net Expense Ratio 0.20

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective 31-Oct-2024)
Analyst-Driven % as of 31-Oct-2024
10.00
Data Coverage % as of 31-Oct-2024
87.00

Registered Locations

Registered Locations

Holdings

Holdings

as of 11-Dec-2024
Issuer Weight (%)
CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY 7.17
CALIFORNIA STATE PUBLIC WORKS BOARD 3.55
LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR 3.54
AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO 2.00
CALIFORNIA (STATE OF) 1.97
Issuer Weight (%)
TEMECULA VALLEY UNIFIED SCHOOL DISTRICT FINANCING AUTHORITY 1.92
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 1.92
NORTHERN CALIF ENERGY AUTH 1.81
CALIFORNIA POLLUTION CTL FING AUTH 1.77
BURBANK CALIF WTR & PWR ELEC 1.56
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Accrual Date Effective Date
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.



The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of 11-Dec-2024

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of 11-Dec-2024

% of Market Value

Type Fund
as of 11-Dec-2024

% of Market Value

Type Fund
Maturity is provided in days. Maturity exposure is calculated by aggregating the percent par of holdings of individual securities in the portfolio by the legal final maturity date, or for securities that have a demand feature, the date in which the demand feature is exercised and proceeds received. The values reported include cash, accrued income, and/or payables/receivables which may result in negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds).
as of 11-Dec-2024

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker
NASDAQ CALI USD 13-Jul-2023 - -

Portfolio Managers

Portfolio Managers

Kristi Manidis
Kristi Manidis
Christian Romaglino
Christian Romaglino
Alicia De Lorenzo
Alicia De Lorenzo

Literature

Literature