Fund Description: BlackRock MuniHoldings California Quality Fund, Inc., formerly BlackRock MuniHoldings California Insured Fund, is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The BlackRock MuniHoldings California Quality Fund seeks to provide shareholders with current income exempt from federal and California income taxes. <p> FUND STRATEGY: The Fund seeks to achieve its investment objective by investing primarily in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and California income taxes. Under normal market conditions, the Fund invests at least 80% of its assets in investment grade municipal obligations with remaining maturities of one year or more at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. <p> FUND MANAGEMENT: BlackRock Investments, LLC serves as the investment advisor to the Fund.