iShares High Yield Muni Active ETF (HIMU)

The iShares High Yield Muni Active ETF (HIMU) is an actively managed fixed income fund from BlackRock's iShares business.

The fund seeks to provide a high level of current income that is generally exempt from regular federal income tax. It invests primarily in municipal bonds, with a significant portion in securities rated below investment grade or unrated, issued by states, cities and other public entities to finance projects such as hospitals, housing, transportation and education.

BlackRock's municipal bond team selects holdings and manages credit, duration and sector exposures rather than tracking an index.