...November 19, 2020 NEW YORK (S&P Global Ratings) Nov. 19, 2020--S&P Global Ratings today assigned its 'AAf' fund credit quality rating (FCQR) and '##' fund volatility rating (FVR) to three iShares iBonds Municipal ETFs: iShares iBonds Dec 2026 Term Muni Bond ETF, iShares iBonds Dec 2027 Term Muni Bond ETF, and iShares iBonds Dec 2028 Term Muni Bond ETF. Each iBonds ETF holds a diversified portfolio of bonds providing regular interest payments and distributing a final payout upon maturity. The iBonds Municipal ETFs seek to track the investment results of indices composed of U.S. dollar-denominated investment-grade municipal bonds maturing in each ETF's maturity year. The ETFs seek to meet their investment objectives generally by investing in component securities of S&P AMT Free Municipal indices and may invest up to 10% of their assets in certain futures, options and swap contracts, and cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates. We...
