Business Description
This BlackRock-managed ETF gives investors access to U.S. municipal bonds that are free from federal income tax and the alternative minimum tax. The fund holds investment-grade bonds set to mature within a defined window ending in late 2035, targeting securities rated BBB- or better by major credit agencies. It tracks a specific S&P municipal bond index using a representative sampling approach, offering a predictable, time-bound income strategy for U.S.-based investors.
