iShares Rolls Out Target-Dated Muni-Bond ETFs

-iShares 2012 S&P AMT-Free Municipal Series ( MUAA)
-iShares 2013 S&P AMT-Free Municipal Series (MUAB)
-iShares 2014 S&P AMT-Free Municipal Series (MUAC)
-iShares 2015 S&P AMT-Free Municipal Series (MUAD)
-iShares 2016 S&P AMT-Free Municipal Series (MUAE)
-iShares 2017 S&P AMT-Free Municipal Series (MUAF)

"The iShares Muni Series ETFs represent an innovation for both fixed income investing and ETFs. Investors can now obtain targeted exposure to the municipal yield curve with iShares ETFs that also offer both liquidity and diversification," says Matt Tucker, managing director of U.S. Fixed Income Strategy, BlackRock. "The new series provides advisors and investors with an invaluable new set of tools for helping to meet municipal bond needs such as building and maintaining municipal bond ladders."

The yield profile in each respective muni-ETF is expected to be comparable to that of a portfolio of municipal bonds of similar maturity and credit quality. Unlike a direct investment in municipal bonds, the breakdown of cash flows between fund monthly distributions and returns at maturity will be variable rather than fixed at the time of investment.