CALI

BlackRock ETF Trust II iShares Short-Term California Muni Active ETF

$50.52

+0.00%

Market closed. Last update: 11:40 PM ET

📎 Investment Objective

The iShares Short-Term California Muni Active ETF seeks to provide current income exempt from federal and California state personal income taxes by investing in a portfolio of short-term municipal bonds issued in California.

Overview

ETF tracking BlackRock ETF Trust II iShares Short-Term California Muni Active ETF

Category Municipal Bonds

Issuer BlackRock

Inception Date 2023-07-13

Market Cap $159.2M

Average Volume N/A

Dividend Yield 2.17%

52-Week Range $49.99 - $50.70

VWAP $50.53

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund is actively managed, meaning the portfolio manager has discretion to select individual securities to try to outperform the fund's benchmark. The manager focuses on short-term municipal bonds with maturities of 3 years or less to generate tax-exempt income while managing interest rate risk.

✨ Key Features

Actively managed portfolio of short-term California municipal bonds
Seeks to provide current income exempt from federal and California state personal income taxes
Focuses on bonds with maturities of 3 years or less to manage interest rate risk
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: As interest rates rise, bond prices may fall, reducing the value of the fund's holdings
Credit/default risk: The fund is exposed to the risk of default by the issuers of the municipal bonds it holds
Concentration risk: As a single-state municipal bond fund, the fund is more susceptible to economic and political conditions in California
Liquidity risk: The fund may have difficulty selling certain municipal bonds, especially during times of market stress

👤 Best For

This ETF may be suitable for California-based investors seeking tax-exempt income and lower interest rate risk compared to longer-term municipal bond funds. It could be a component of a diversified fixed income portfolio for investors with a short-to-intermediate investment horizon.