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BlackRock ETF Trust II - iShares High Yield Muni Income Active 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 primarily invests in high-yield municipal bonds that are rated BBB or below by S&P or Fitch or Baa or below by Moody’s. It invests in securities with maturities of five years or longer. It seeks to benchmark the performance of its portfolio against the Bloomberg Municipal High Yield Bond Index and Bloomberg Municipal High Yield Bond Index which is comprised of 80% the Bloomberg Municipal High Yield Index, 10% the Bloomberg BBB Index and 10% the Bloomberg Single A Index. BlackRock ETF Trust II - iShares High Yield Muni Income Active ETF was formed on March 16, 2021 and is domiciled in the United States.