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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.25% 0.04% 611.92M 94887.57
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
3.44% 195.0% 144.49M Upgrade

Basic Info

Investment Strategy
The investment seeks to maximize tax-free current income. The fund normally invests at least 80% of its net assets in municipal securities such that the interest on each bond is exempt from U.S. federal income taxes and the federal alternative minimum tax ("AMT"). It primarily invests in U.S. dollar-denominated investment-grade short-term fixed- and floating-rate municipal securities 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 an actively managed exchange-traded fund ("ETF").
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Medium Quality/Limited Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Short
Category Index Bloomberg Municipal 3 Yr 2-4 TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
Bloomberg Municipal 1 Yr 1-2 TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Kristi Manidis 5.10 yrs
James Mauro 3.17 yrs
Christian Romaglino 1.59 yrs
Mei Chan 0.17 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of May 03, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
1.12%
1.63%
1.91%
1.18%
0.05%
0.10%
3.93%
1.16%
5.45%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
-1.02%
2.34%
1.67%
3.47%
2.86%
0.17%
-2.45%
4.39%
0.31%
0.44%
1.21%
1.15%
0.19%
-0.07%
0.89%
2.73%
0.93%
--
--
3.80%
3.52%
1.20%
-3.75%
3.55%
0.06%
1.16%
1.98%
4.51%
3.33%
0.12%
-4.50%
3.14%
0.06%
As of May 03, 2024.

Asset Allocation

As of May 01, 2024.
Type % Net % Long % Short
Cash 15.91% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 84.09% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks to maximize tax-free current income. The fund normally invests at least 80% of its net assets in municipal securities such that the interest on each bond is exempt from U.S. federal income taxes and the federal alternative minimum tax ("AMT"). It primarily invests in U.S. dollar-denominated investment-grade short-term fixed- and floating-rate municipal securities 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 an actively managed exchange-traded fund ("ETF").
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Medium Quality/Limited Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Short
Category Index Bloomberg Municipal 3 Yr 2-4 TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
Bloomberg Municipal 1 Yr 1-2 TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Kristi Manidis 5.10 yrs
James Mauro 3.17 yrs
Christian Romaglino 1.59 yrs
Mei Chan 0.17 yrs

Top Portfolio Holders

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