Listed March 22, 2018
The iShares iBonds Dec 2024 Term Muni Bond ETF seeks to track the investment results of the S&P AMT-Free Municipal Series Dec 2024 Index (the Underlying Index), which measures the performance of investment-grade (as determined by S&P Dow Jones Indices LLC (the Index Provider or SPDJI)), non-callable U.S. municipal bonds maturing in 2024. The Underlying Index includes municipal bonds primarily from issuers that are state or local governments or agencies such that the interest on the bonds is exempt from U.S. federal income taxes.
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iShares is the global product leader in exchange traded funds with over 600 funds globally across equities, fixed income and commodities, which trade on 20 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.