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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.20% 0.11% 227.10M 64892.37
Weighted Average Dividend Yield Turnover Ratio (Generic) 1 Year Fund Level Flows Max Drawdown (Since Inception)
-- 113.0% 165.35M Upgrade

Basic Info

Investment Strategy
The Fund seeks to maximize tax free current income by investing in short-term municipal bonds issued in the State of California. Under normal circumstances, the Fund will primarily invest in US dollar-denominated investment-grade short-term fixed- and floating-rate municipal securities issued by California.
General
Security Type Exchange-Traded Fund
Equity Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal
Peer Group California Municipal Debt Funds
Global Macro Bond HC
US Macro Single State Municipal Debt Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective California Municipal Debt Funds
Fund Owner Firm Name BlackRock
Broad Asset Class Benchmark Index
^BBMBTR 100.0%

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Performance Versus Peer Group

 
20%
15%
10%
5%
0
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Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Peer Group Rtn. (NAV)
--
--
--
--
--
--
--
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% Rank in Peer Group (NAV)
--
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Annual Total Returns Versus Peers

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Name
2019
2020
2021
2022
2023
2024
2025
YTD
--
--
--
--
--
2.84%
3.28%
0.17%
7.54%
5.21%
1.52%
-8.53%
6.40%
1.05%
4.25%
0.65%
3.13%
0.71%
-0.14%
-7.64%
2.58%
-0.67%
1.45%
0.18%
--
--
--
--
--
--
5.39%
0.39%
1.76%
1.25%
0.38%
-0.03%
2.84%
3.05%
2.78%
0.15%
As of January 08, 2026.

Asset Allocation

As of November 30, 2025.
Type % Net
Cash 2.15%
Stock 0.00%
Bond 97.85%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
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Basic Info

Investment Strategy
The Fund seeks to maximize tax free current income by investing in short-term municipal bonds issued in the State of California. Under normal circumstances, the Fund will primarily invest in US dollar-denominated investment-grade short-term fixed- and floating-rate municipal securities issued by California.
General
Security Type Exchange-Traded Fund
Equity Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal
Peer Group California Municipal Debt Funds
Global Macro Bond HC
US Macro Single State Municipal Debt Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective California Municipal Debt Funds
Fund Owner Firm Name BlackRock
Broad Asset Class Benchmark Index
^BBMBTR 100.0%

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