BlackRock Intermediate Muni Income Bond ETF

C000225367 Fund Overview

BlackRock Intermediate Muni Income Bond ETF is a US ETF managed by BlackRock ETF Trust II, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: BlackRock ETF Trust II
• Category: Long Municipal - National Bond
• Assets under management: $538.95M
• 1-year return: 7.0%
• SEC CIK: 0001804196
• SEC series ID: S000070976
• Share class ID: C000225367

C000225367 Investment Objective and Strategy

BlackRock Intermediate Muni Income Bond ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock ETF Trust II.

Investment objective

The iShares Intermediate Muni Income Active ETF (the Fund) seeks to maximize tax-free current income.

Principal investment strategy

Under normal circumstances, the Fund seeks to achieve its objective by investing at least 80% of its assets in municipal bonds. This policy is a fundamental policy of the Fund and may not be changed without approval of a majority of the Funds outstanding voting securities, as defined in the Investment Company Act of 1940, as amended (the 1940 Act). For the purposes of the foregoing 80% policy, assets are the Funds net assets, plus the amount of any borrowings for investment purposes. The Funds investments in derivatives will be counted toward the Funds 80% policy to the extent that they provide investment exposure to the securities included within that policy or to one or more market risk factors associated with such securities. Municipal bonds include debt obligations issued by or on behalf of a governmental entity or other qualifying issuer that pay interest that is, in the opinion of bond counsel to the issuer, generally excludable from gross income for federal income tax purposes (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax (AMT)).

Municipal bonds may be obligations of a variety of issuers, including governmental entities or other qualifying issuers. Issuers may be states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities. Municipal bonds also include short-term tax-exempt obligations like municipal notes and variable rate demand obligations. The Fund may invest in municipal bonds rated in any rating category or in unrated municipal bonds. Fund management chooses municipal bonds that it believes offer a relatively high potential for total return relative to their total risk. Although the Fund may invest in municipal bonds in any rating category, Fund management intends to invest the Funds assets primarily in investment grade municipal bonds.

Investment grade bonds are securities which are rated in the four highest rating categories by at least one of the major rating agencies or determined by the management team to be of similar quality. Generally, the higher the rating of a bond, the higher the likelihood that interest and principal payments will be made on time. The Fund may also invest in non-investment grade municipal bonds (commonly called high yield or junk bonds). The Fund expects to maintain, under normal market conditions, a dollar-weighted average portfolio duration, as calculated by BFA, of four to six years. The Fund is classified as non-diversified under the 1940 Act.

C000225367 Holdings

Top 10 holdings of BlackRock Intermediate Muni Income Bond ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000225367 holdings

C000225367 Portfolio Allocation

Asset-class allocation of BlackRock Intermediate Muni Income Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000225367 Performance

Total returns for C000225367 (as of 2026-10-01), from SEC filings.

C000225367 Risk Information

Risk metrics for C000225367, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.4%

C000225367 Costs and Fees

C000225367 costs about $30 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.30%
• Gross expense ratio: 0.41%
• Portfolio turnover: 66%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000225367 Cashflows

Over the 12 months to 2026-04, BlackRock Intermediate Muni Income Bond ETF had net inflows of $378.19M, from monthly SEC N-PORT filings.

C000225367 Debt Constituents

Largest debt holdings of BlackRock Intermediate Muni Income Bond ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000225367 Prospectus and SEC Filings

Official BlackRock Intermediate Muni Income Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-11-25
• Prospectus supplement (497) — filed 2025-02-10
• Prospectus supplement (497) — filed 2024-10-10
• Portfolio holdings (N-PORT) — filed 2026-09-25
• Portfolio holdings (N-PORT) — filed 2026-06-25
• Portfolio holdings (N-PORT) — filed 2026-03-26
• Annual census (N-CEN) — filed 2025-10-14
• Annual census (N-CEN) — filed 2024-10-15

Related Funds

Other Long Municipal - National Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Tax-Exempt Fund (VWITX)
• iShares National Muni Bond ETF (MUB)
• Vanguard Limited-Term Tax-Exempt Fund (VMLTX)
• Tax Exempt Bond Fund Of America (AFTEX)
• Bridge Builder Municipal Bond Fund (BBMUX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.