Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
iShares Short-Term California Muni Active ETF(CALI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CALI
10/13/2026: CALI (1-star) is currently NOT-A-BUY. Pass it for now.
CALI provides targeted, actively managed exposure to short-term, investment-grade California municipal bonds, aimed at generating tax-exempt income. Its core strengths include professional credit management, reduced interest rate risk through short duration, and the significant tax advantage for California residents. It serves as an excellent defensive income vehicle in a portfolio. However, investors must monitor California-specific fiscal health and potential changes to municipal tax-exemption laws. It is best suited for income-focused investors who prioritize capital stability over growth.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is designed for capital preservation and income, not capital appreciation. |
| Momentum investor | Weak fit | Municipal bond prices typically lack the momentum profiles sought by aggressive traders. |
| Value investor | Mixed fit | Value-oriented investors might appreciate the tax-equivalent yield, but it lacks the typical valuation characteristics of equity. |
| Dividend/Income investor | Strong fit | It is an ideal choice for high-net-worth California residents seeking tax-free monthly income. |
| Low-risk investor | Strong fit | The focus on short-term, investment-grade bonds keeps volatility low compared to long-duration bond funds. |
Investor Profile
Ideal Investor Profile
The ideal investor is a California resident in a high federal and state tax bracket looking for a stable, low-volatility income source.
Suitability
Best suited for long-term income-focused investors rather than active traders.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | Short-term bonds are inherently less sensitive to interest rate fluctuations. |
| Market risk | Medium | Broader economic conditions can impact the overall credit quality of the municipal market. |
| Concentration | Medium / high | The fund is limited to California, exposing investors to risks specific to the state's economy and tax policy. |
| Tracking/expense | Low | The expense ratio is competitive for an active municipal strategy. |
| Liquidity | Medium | Municipal bonds can sometimes have thinner secondary markets than government treasuries. |
| Business/sector quality | Low / none | The fund primarily holds high-quality, investment-grade municipal debt. |
Risk Analysis
Volatility
CALI exhibits low historical volatility, typical of short-term, investment-grade fixed income instruments.
Market Risk
The fund faces risks related to the municipal bond market's liquidity, interest rate sensitivity, and specific credit risks associated with California issuers.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | California Municipal Bonds (Short-Term) | 98 | These high-quality short-term debt instruments are chosen to minimize interest rate risk while providing tax-free income. |
| Cash/collateral | Cash and Cash Equivalents | 2 | Minor cash holdings are maintained for liquidity needs and daily fund operations. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 7.02% | Avg. Invested days 80 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/13/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.