iShares Long-Term National Muni Bond ETF

The iShares Long-Term National Muni Bond ETF is an exchange-traded fund that primarily focuses on investing in long-duration municipal bonds issued by U.S. state and local governments. Its primary purpose is to provide investors with exposure to long-term municipal bonds, which are often exempt from federal income tax and can be beneficial for high-net-worth individuals seeking tax-efficient income. This ETF focuses on bonds with maturities exceeding 10 years, offering investors potential yield advantages over shorter-term offerings. It plays a significant role in the market for bond investors concerned about tax liabilities, providing a diversified collection of bonds from different regions and sectors. As part of the broader municipal bond market, this ETF helps investors manage interest rate risk over a longer horizon while potentially capturing higher yields associated with longer-maturity securities.