---
ticker: "CALI"
name: "iShares Short-Term California Muni Active ETF"
url: "https://etf.net/etf/CALI"
grade: "B"
score: 59
graded_at: "2026-10-12"
category: "Short-Duration Municipal Bonds"
category_rank: "17 of 28"
methodology: "https://etf.net/methodology"
---

# CALI: iShares Short-Term California Muni Active ETF

Grade **B**, Score 59 of 100. Rank 17 of 28 in Short-Duration Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 43 | 14 of 28 |
| Mission | 100 | 1 of 27 |
| Risk | 43 | 18 of 27 |
| Tradability | 57 | 12 of 28 |
| Holdings | 35 | 22 of 28 |
| Durability | 62 | 14 of 28 |

## Top holdings

The fund holds 243 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Irvine Ranch Calif Wtr Dist 02/01/2056 | 2.64% |
| 2 | — | Modesto Calif Wtr Rev Ctfs Par 10/01/2036 | 2.24% |
| 3 | — | Bay Area Toll Auth Calif Toll 04/01/2059 | 2.08% |
| 4 | — | Southern Calif Pub Pwr Auth Pw 07/01/2036 | 2.06% |
| 5 | — | Orange Cnty Calif Wtr Dist Rev 08/01/2042 | 1.93% |
| 6 | — | California Mun Fin Auth Rev 11/01/2035 | 1.91% |
| 7 | — | San Francisco Calif City & Cnt 05/01/2058 | 1.77% |
| 8 | — | Metropolitan Wtr Dist Southn Ca 04/01/2054 | 1.58% |
| 9 | — | USD Cash | 1.52% |
| 10 | — | Pasadena Calif Ctfs Partn 02/01/2035 | 1.51% |
| 11 | — | Bay Area Toll Auth Calif Toll 04/01/2059 | 1.49% |
| 12 | — | University Calif Revs For Prev 05/15/2048 | 1.42% |
| 13 | — | California Hsg Fin Agy Ltd Obl 12/01/2027 | 1.35% |
| 14 | — | University Calif Revs 05/15/2054 | 1.21% |
| 15 | — | California Health Facs Fing Au 03/01/2047 | 1.19% |
| 16 | — | Northern Calif Energy Auth Com 5.00% 08/01/2030 | 1.18% |
| 17 | — | Southern Calif Pub Pwr Auth Re 5.00% 09/01/2030 | 1.16% |
| 18 | — | California St Muni Fin Auth 2.95% 12/01/2028 | 1.14% |
| 19 | — | California Cmnty Choice Fing A 5.00% 02/01/2031 | 1.12% |
| 20 | — | California Pollution Ctl Fing Auth 2.88% 06/01/2027 | 1.08% |
| 21 | — | California Cmnty Choice Fing A 5.00% 03/01/2031 | 1.00% |
| 22 | — | California Pollution Ctl Fing Auth 3.00% 02/16/2027 | 0.99% |
| 23 | — | California St Muni Fin Auth 3.45% 06/01/2029 | 0.99% |
| 24 | — | California St 05/01/2033 | 0.98% |
| 25 | — | Metropolitan Wtr Dist Southn C 07/01/2047 | 0.98% |
| 26 | — | San Diego Calif Lease 144A 10/15/2048 | 0.97% |
| 27 | — | California Cmnty Choice Fing A 5.25% 04/01/2030 | 0.96% |
| 28 | — | Metropolitan Wtr Dist Southn C 07/01/2047 | 0.93% |
| 29 | — | California Pollution Ctl Fing Auth 3.38% 12/15/2026 | 0.91% |
| 30 | — | California St Muni Fin Auth 2.95% 06/01/2029 | 0.91% |

Source: etf.net, https://etf.net/etf/CALI. Please cite the page URL.