1. Exposure to investment grade municipal bonds that mature in 2017
2. Combine the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock
3. Use to seek tax-exempt income, build a bond ladder, and manage interest rate risk
The legal name of this fund is the iShares® iBonds® Sep 2017 AMT-Free Muni Bond ETF.
The Board has approved a 2-for-1 split for this fund for shareholders of record as of the close of business on May 18, 2015, payable after the close of trading on May 20, 2015. The 2-for-1 split will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by a split.