| Investment Objective: |
The iShares iBonds Dec 2030 Term Muni Bond ETF (the "Fund") seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds expected to mature or be redeemed before December 2, 2030. The Fund seeks to track the investment results of the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2030 Index (the "Underlying Index"), which is a market-value-weighted index that seeks to measure the performance of investment-grade, tax-exempt, U.S. municipal bonds, reducing callable bonds before 2030, and only including non-callable bonds maturing in 2030. The Underlying Index includes municipal bonds from issuers that are U.S. state,federal district (the District of Columbia), or local government or agency such that the interest on the bonds is exempt from U.S. federal income taxes and the federal alternative minimum tax ("AMT"). Bonds issued by U.S. territories and the Common wealth of Puerto Rico are excluded from the Underlying Index. |
