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iShares Trust - iShares California Muni Bond ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in fixed income markets of the United States. The fund invests in U.S. dollar denominated investment grade tax-exempt debt publicly issued in the U.S. domestic market by the state of California and its political subdivisions that are rated at least BBB- by S&P or Fitch or Baa3 by Moody’s and with a minimum maturity of one month. The fund seeks to track the performance of the ICE AMT-Free California Municipal Index, by using representative sampling technique. iShares Trust - iShares California Muni Bond ETF was formed on October 4, 2007 and is domiciled in the United States.