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Upturn AI SWOT - About
BlackRock Short-Term California Muni Bond ETF (CALY)
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Upturn Advisory Summary
08/13/2025: CALY (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 5.7% | Avg. Invested days 79 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/13/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 48.78 - 50.46 | Updated Date 06/30/2025 |
52 Weeks Range 48.78 - 50.46 | Updated Date 06/30/2025 |
Upturn AI SWOT
BlackRock Short-Term California Muni Bond ETF
ETF Overview
Overview
The BlackRock Short-Term California Muni Bond ETF (BAB) seeks to maximize current income exempt from federal and California state income taxes, consistent with capital preservation. It invests primarily in a diversified portfolio of short-term California municipal bonds.
Reputation and Reliability
BlackRock is one of the world's largest asset managers, known for its broad range of investment products and strong reputation.
Management Expertise
BlackRock has a deep bench of experienced portfolio managers and fixed-income specialists.
Investment Objective
Goal
To seek to maximize current income exempt from federal and California state income taxes, consistent with capital preservation.
Investment Approach and Strategy
Strategy: This ETF aims to provide tax-exempt income by investing in short-term California municipal bonds. It does not track a specific index but actively manages its portfolio.
Composition The ETF primarily holds California municipal bonds with short maturities.
Market Position
Market Share: Not available.
Total Net Assets (AUM): 3570000000
Competitors
Key Competitors
- Invesco California Value Municipal Income Trust (VCV)
- Nuveen California Quality Municipal Income Fund (NAC)
Competitive Landscape
The market is competitive with several ETFs and closed-end funds focused on California municipal bonds. BAB benefits from BlackRock's strong brand and low expense ratio. However, closed-end funds like VCV and NAC may offer higher yields due to leverage but also carry more risk.
Financial Performance
Historical Performance: Historical performance data should be obtained from financial data providers.
Benchmark Comparison: The ETF's performance should be compared to a relevant short-term California municipal bond index to assess its effectiveness.
Expense Ratio: 0.2
Liquidity
Average Trading Volume
The ETF generally exhibits adequate liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is typically tight, reflecting the ETF's liquidity.
Market Dynamics
Market Environment Factors
Economic indicators, interest rate movements, and California's fiscal health influence the ETF's performance.
Growth Trajectory
Growth depends on demand for tax-exempt income and the supply of California municipal bonds. Changes in interest rates will impact the price.
Moat and Competitive Advantages
Competitive Edge
BAB benefits from BlackRock's scale and expertise in fixed-income investing. Its low expense ratio provides a competitive advantage over similar funds. Its focus on short-term maturities reduces interest rate risk. This makes it an attractive option for investors seeking a conservative approach to California municipal bonds.
Risk Analysis
Volatility
The ETF's volatility is generally low due to its short-term focus and investment-grade holdings.
Market Risk
Risks include interest rate risk (though mitigated by short maturities), credit risk (the risk of default by California municipalities), and market risk (general economic downturns affecting municipal bond values).
Investor Profile
Ideal Investor Profile
The ideal investor is a California resident seeking tax-exempt income and a conservative investment approach. They should be comfortable with low yields and minimal capital appreciation.
Market Risk
BAB is best suited for long-term investors seeking a stable source of tax-exempt income. It is not designed for active traders seeking short-term gains.
Summary
BlackRock's BAB ETF offers a tax-advantaged income stream for California residents with low volatility through short-term municipal bonds. Its low cost and BlackRock's backing contribute to its appeal. Interest rate risk is relatively low and the fund suits conservative investors prioritizing capital preservation over high yields. Its focus on California makes it geographically concentrated and subject to the state's economic conditions. Overall, it is a solid choice for tax-conscious investors in CA.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BlackRock official website
- Financial data providers (e.g., Bloomberg, Reuters)
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a financial advisor.
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 BlackRock Short-Term California Muni Bond ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
Under normal circumstances, the fund will primarily invest in U.S. dollar-denominated investment-grade short-term fixed- and floating-rate municipal securities issued by California with remaining maturities of five years or less, such as municipal bonds, municipal notes and variable rate demand obligations, as well as money market instruments and registered investment companies. The fund is non-diversified.
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