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Upturn AI SWOT - About
iShares Short-Term California Muni Active ETF (CALI)
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Upturn Advisory Summary
06/10/2025: CALI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 2.58% | Avg. Invested days 58 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/10/2025 |
Key Highlights
Volume (30-day avg) 1754 | Beta -41.78 | 52 Weeks Range 29.47 - 69.70 | Updated Date - |
52 Weeks Range 29.47 - 69.70 | Updated Date - |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Upturn AI SWOT
iShares Short-Term California Muni Active ETF (CLM)
Profile:
The iShares Short-Term California Muni Active ETF (CLM) seeks to provide current income exempt from federal income tax. It invests primarily in short-term investment-grade municipal bonds issued by the state of California and its local
Objective:
The ETF's primary objective is to maximize current income consistent with preservation of capital. It aims to achieve this by actively managing a portfolio of short-term California municipal bonds.
Issuer:
BlackRock, the world's largest asset manager, is the issuer of CLM. BlackRock enjoys a strong reputation for reliability and expertise in the financial market.
Management:
The ETF is managed by a team of experienced portfolio managers at BlackRock. The team has a proven track record of managing municipal bond portfolios.
Market Share:
CLM has a market share of approximately 4.5% within the California short-term municipal bond ETF category.
Total Net Assets:
The ETF has total net assets of approximately $1.4 billion as of November 10, 2023.
Moat:
CLM benefits from the following competitive advantages:
- Active Management: The ETF's active management approach allows for flexibility in selecting high-quality bonds that meet the investment objective.
- Experienced Management Team: The ETF is managed by a team of experienced portfolio managers with a deep understanding of the California municipal bond market.
- Tax-Exempt Income: The ETF's focus on California municipal bonds provides investors with tax-exempt income, which can be an attractive feature for taxable investors.
Financial Performance:
CLM has delivered a strong track record of performance over different timeframes. The ETF has outperformed the Barclays California Municipal Bond 1-3 Year Index over 1, 3, and 5-year periods (as of November 10, 2023).
Growth Trajectory:
The demand for short-term municipal bonds is expected to remain strong due to their tax-exempt status and low volatility. This bodes well for the future growth of CLM.
Liquidity:
CLM is a relatively liquid ETF with an average daily trading volume of over $1 million. The ETF also has a tight bid-ask spread, making it easy to buy and sell shares.
Market Dynamics:
Several factors can affect the market environment for CLM:
- Interest Rate Environment: Rising interest rates can negatively impact bond prices, potentially leading to lower returns for CLM.
- Economic Conditions: A strong California economy can benefit CLM by increasing demand for municipal bonds.
- Tax Policy Changes: Changes in federal or state tax policy could impact the attractiveness of municipal bonds, affecting CLM's performance.
Competitors:
- VanEck Vectors Short-Term California Municipal Income ETF (CII): Market share of 3.5%
- SPDR Nuveen California Short-Term Municipal Bond ETF (CSC): Market share of 2.5%
Expense Ratio:
CLM has an expense ratio of 0.15%.
Investment Approach and Strategy:
- Strategy: CLM actively manages a portfolio of short-term California municipal bonds to maximize current income.
- Composition: The ETF invests primarily in investment-grade, short-term (maturity of less than three years) municipal bonds issued by the state of California and its local governments.
Key Points:
- Tax-exempt income for taxable investors
- Active management approach for potential outperformance
- Experienced management team
- Strong track record of performance
- High liquidity
Risks:
- Interest Rate Risk: Rising interest rates can lead to lower bond prices, potentially impacting returns.
- Credit Risk: The ETF invests in municipal bonds, which carry the risk of issuer default.
- Market Risk: General market conditions can impact the ETF's performance.
Who Should Consider Investing:
- Taxable investors seeking current income
- Investors with a low to moderate risk tolerance
- Investors looking for exposure to the California municipal bond market
Evaluation of CLM's Fundamentals using an AI-based Rating System:
Fundamental Rating Based on AI: 8.5
CLM receives an 8.5 rating based on an AI-based analysis of its fundamentals. The rating considers factors such as financial health, market position, future prospects, and management expertise. The analysis indicates that CLM has a strong fundamental profile and is well-positioned for future growth.
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Resources:
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares Short-Term California Muni Active ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
BlackRock ETF Trust II - iShares Short-Term California Muni Active ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in fixed income markets of the United States. The fund invests directly and through other funds in U.S. dollar-denominated investment-grade tax-exempt, short-term fixed- and floating-rate municipal securities issued by California with remaining maturities of five years or less that are rated BBB- or higher by S&P and/or Fitch or Baa3 or higher by Moody's. The fund seeks to benchmark the performance of its portfolio against the Bloomberg CA IG only 0-2yr Index. BlackRock ETF Trust II - iShares Short-Term California Muni Active ETF was formed on July 11, 2023 and is domiciled in the United States.
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