iShares Short-Term National Muni Bond ETF

iShares Short-Term National Muni Bond ETF is a type of exchange-traded fund focused on municipal bonds. Its primary purpose is to provide investors with exposure to high-quality, short-duration municipal bonds, which are debt securities issued by state and local governments to fund public projects such as roads, schools, and infrastructure. The ETF holds a diversified portfolio of these bonds, ensuring income is generated in a tax-efficient manner since interest income from municipal bonds is generally exempt from federal income tax. This ETF targets bonds with maturities of five years or less, aiming to reduce interest rate risk while still offering the potential for tax-exempt income. Due to these features, it plays a vital role in fixed-income portfolios by providing a stable income stream and preserving capital. As part of the iShares lineup, this ETF benefits from BlackRock's extensive expertise in asset management, making it a significant component for investors seeking conservative fixed-income investments.