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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
3.31% -8.04% -- 139042.6
Weighted Average Dividend Yield Turnover Ratio (Generic) 1 Year Fund Level Flows Max Drawdown (Since Inception)
-- 39.00% -- Upgrade

Basic Info

Investment Strategy
The Fund seeks to provide shareholders with current income exempt from federal income tax and California personal income tax by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest of which, in the opinion of bond counsel to the issuers, is exempt from federal income tax.
General
Security Type Closed-End Fund
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal
Peer Group General & Insured Muni Debt Funds (Leveraged)
Global Macro Bond HC
US Macro --
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Gen & Ins Muni Debt Funds (Leveraged)
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)
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Total Return (NAV)
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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
2018
2019
2020
2021
2022
2023
2024
YTD
-9.32%
24.23%
1.68%
7.13%
-25.43%
8.29%
2.11%
7.27%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
1.05%
4.03%
-5.45%
20.68%
0.21%
8.06%
-23.69%
2.04%
3.39%
6.19%
-9.74%
21.31%
14.61%
2.65%
-24.20%
10.18%
-0.06%
4.83%
-6.09%
21.93%
10.35%
9.70%
-22.84%
1.24%
8.75%
11.36%
-5.30%
18.90%
10.56%
4.35%
-19.82%
1.67%
8.21%
1.23%
As of December 10, 2025.

Asset Allocation

As of June 30, 2025.
Type % Net
Cash -20.63%
Stock 0.00%
Bond 120.6%
Convertible 0.00%
Preferred 0.07%
Other 0.00%
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Basic Info

Investment Strategy
The Fund seeks to provide shareholders with current income exempt from federal income tax and California personal income tax by investing primarily in a portfolio of long-term, investment grade municipal obligations, the interest of which, in the opinion of bond counsel to the issuers, is exempt from federal income tax.
General
Security Type Closed-End Fund
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Global Peer Group Bond USD Municipal
Peer Group General & Insured Muni Debt Funds (Leveraged)
Global Macro Bond HC
US Macro --
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Gen & Ins Muni Debt Funds (Leveraged)
Fund Owner Firm Name BlackRock
Broad Asset Class Benchmark Index
^BBMBTR 100.0%

View Basic Info
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