MUB

The iShares National Muni Bond ETF (MUB) invests in investment‑grade U.S. municipal bonds issued by states, local governments and related agencies, spanning sectors such as state‑backed, local‑backed, utilities, transportation and education across the United States. The fund aims to track the ICE AMT‑Free US National Municipal Index by using a representative sampling technique, delivering diversified exposure to federally tax‑exempt fixed‑income securities. It is suited for investors seeking tax‑free income, particularly higher‑income individuals or those in high tax brackets looking for a low‑volatility, income‑oriented component in a broader portfolio. The ETF can serve as a conservative fixed‑income allocation that complements equity holdings while providing diversification across a wide range of municipal issuers.