iShares High Yield Municipal Bond ETF

The iShares High Yield Municipal Bond ETF is an exchange-traded fund designed to offer investors exposure to a diversified portfolio of U.S. municipal bonds, specifically those with higher yield potential through investments in non-investment-grade securities. Its primary function is to provide a higher current income while offering the potential tax advantages typically associated with municipal bond investments, where interest income is generally exempt from federal income tax. This ETF primarily impacts the fixed-income market, focusing on municipal bonds issued by states, cities, and local governments for the financing of public projects like roads, schools, and utilities. The iShares High Yield Municipal Bond ETF plays a significant role by offering a higher yield potential compared to investment-grade municipal bond funds, appealing to investors seeking enhanced income. Additionally, it provides an efficient and cost-effective way to access a broad range of high-yield municipal securities. Its presence underscores the importance of municipal financing in supporting infrastructure and public projects while catering to investors looking for tax-efficient, income-generating opportunities.