HIMU

iShares High Yield Muni Active ETF

$49.14

+0.00%

Market closed. Last update: 12:27 PM ET

📎 Investment Objective

The iShares High Yield Muni Active ETF (HIMU) seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of high-yield municipal bonds.

Overview

ETF tracking iShares High Yield Muni Active ETF

Category High Yield

Issuer BlackRock

Inception Date 2025-02-10

Market Cap $2.2B

Average Volume N/A

Dividend Yield 3.56%

52-Week Range $46.34 - $50.72

VWAP $49.20

Performance

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Investment Summary

📎 Investment Objective

The iShares High Yield Muni Active ETF (HIMU) seeks to provide high current income exempt from federal income taxes by investing primarily in a portfolio of high-yield municipal bonds.

🎯 Investment Strategy

The fund is actively managed, allowing the portfolio managers to select municipal bonds they believe offer the best combination of high income potential and acceptable credit risk. The managers aim to generate attractive tax-exempt income while managing overall portfolio risk.

✨ Key Features

Actively managed portfolio of high-yield municipal bonds
Seeks to provide high current income exempt from federal income taxes
Flexible approach allows managers to adapt the portfolio to changing market conditions
Relatively low expense ratio compared to many actively managed municipal bond funds

⚠️ Primary Risks

Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
Interest rate risk: The fund's bond holdings are subject to fluctuations in value as interest rates change
Liquidity risk: High-yield municipal bonds may be less liquid than higher-quality municipal bonds
Tax risk: Changes in tax laws could affect the tax-exempt status of the fund's income

👤 Best For

The iShares High Yield Muni Active ETF may be suitable for investors seeking high levels of tax-exempt income and willing to accept the higher credit risk and volatility associated with a portfolio of high-yield municipal bonds. It is best suited for investors with a medium to long-term investment horizon and a moderate to high risk tolerance.