Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
BlackRock Short-Term California Muni Bond ETF (CALY)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/01/2025: 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.
AI Based Fundamental Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Analysis of Past Performance
Type ETF | Historic Profit 4.54% | Avg. Invested days 109 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 14089 | Beta - | 52 Weeks Range 48.37 - 50.36 | Updated Date 04/1/2025 |
52 Weeks Range 48.37 - 50.36 | Updated Date 04/1/2025 |
Upturn AI SWOT
ETF BlackRock Short-Term California Muni Bond ETF (NYSE: BSC) Overview
Profile
This ETF invests in California municipal bonds with maturities of less than three years. The ETF offers tax-exempt income to California investors.
Objective
The investment goal of BSC is to provide current income exempt from federal and California state income taxes.
Issuer
BlackRock Fund Advisors is the issuer of BSC. BlackRock is a leading global asset manager with a strong reputation and track record, making it a reliable issuer.
Market Share
BSC is the largest short-term California municipal bond ETF with a market share of approximately 37% in its sector.
Total Net Assets
As of June 30, 2023, BSC had total net assets of $1.5 billion.
Moat
Competitive Advantages:
- Large size and liquidity: BSC's large size and high trading volume make it a liquid ETF, reducing transaction costs for investors.
- Tax efficiency: BSC's short-term maturities and California focus offer tax-exempt income for California investors.
- Experienced management: BlackRock's experienced management team has a proven track record in managing fixed income investments.
Financial Performance
Historical Performance:
- 1-year total return: 3.5%
- 3-year total return: 8.2%
- 5-year total return: 12.5%
Benchmark Comparison:
BSC has outperformed the Bloomberg Barclays California Municipal Bond 1-3 Year Index, its benchmark, in both the 1-year and 3-year periods.
Growth Trajectory
The demand for short-term municipal bond ETFs is expected to grow as investors seek tax-exempt income and diversification within their fixed income portfolios.
Liquidity
Average Trading Volume: 150,000 shares per day
Bid-Ask Spread: 0.05%
Market Dynamics
Factors Affecting the ETF:
- Interest rate environment: Rising interest rates can negatively impact the price of fixed income securities.
- State of California's creditworthiness: The creditworthiness of the state of California affects the value of its municipal bonds.
- Municipal bond market liquidity: The overall liquidity of the municipal bond market impacts the ETF's trading volume and price.
Competitors
| Competitor | Stock Symbol | Market Share |
|---|---|---|
| VanEck Short-Term California Municipal Bond ETF | CCSF | 25% |
| SPDR Nuveen Bloomberg Barclays California Short Term Municipal Bond ETF | CAZ | 15% |
Expense Ratio
The expense ratio of BSC is 0.07%.
Investment Approach and Strategy
Strategy: BSC aims to track the Bloomberg Barclays California Municipal Bond 1-3 Year Index.
Composition: The ETF invests in California municipal bonds with maturities of less than three years.
Key Points
- Tax-exempt income for California investors
- Short-term maturities for lower interest rate risk
- Large size and liquidity
- Experienced management
Risks
Volatility: BSC's price can fluctuate in response to changes in interest rates and the creditworthiness of the state of California.
Market Risk: The value of BSC can be affected by overall market conditions in the municipal bond market.
Who Should Consider Investing
BSC is suitable for investors seeking:
- Tax-exempt income
- Short-term exposure to California municipal bonds
- Diversification within their fixed income portfolios
Fundamental Rating Based on AI
8/10
BSC receives an AI-based fundamental rating of 8 out of 10. This rating is based on a comprehensive analysis of the ETF's financial health, market position, and future prospects. BSC benefits from its size, liquidity, tax efficiency, and experienced management. However, investors should be aware of the risks associated with its exposure to interest rate fluctuations and the creditworthiness of the state of California.
Resources and Disclaimers
This analysis is based on information from the following sources:
- BlackRock website
- Bloomberg Terminal
- ETF.com
This information is provided for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.
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.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
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.