iSharesMuni Single StateCALI · Nasdaq

iShares Short-Term California Muni Active ETF (CALI)

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Price: $50.16; —11 Sept 2026
Assets: $493.6M; Total net assets
Expense ratio: 0.20%; Category 0.62%
Yield: 2.53%; Trailing distributions

1Y return: 1.6%+1.3%; Category 0.3%
3Y CAGR: 2.9%+0.3%; Category 2.6%
5Y CAGR: —; Category -0.5%

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iShares Short-Term California Muni Active ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-0.3%	0.0%	+0.4%	+1.0%	+1.6%	+2.9%	—	—	+2.9%
Muni Single State average	-2.5%	-2.8%	-1.9%	-1.3%	0.3%	2.6%	-0.5%	1.3%	1.1%
Difference	+2.3%	+2.9%	+2.3%	+2.3%	+1.3%	+0.3%	—	—	+1.8%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA0.9%
AA47.9%
A50.5%
BBB0.6%

Asset mix

Bonds95.0%
Cash5.0%

ETF details

Issuer: iShares
Category: Fixed Income · Muni Single State
Ticker: CALI
Exchange: Nasdaq
Inception: 11 Jul 2023 (3.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.20% (category 0.62%)
Holdings turnover: 113% (category 46%)
Distribution yield: 2.53%
Beta, 3 years: 0.15
Total net assets: $493.6M
Average duration: 3.27 years
Average maturity: 10.15 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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