iShares New York Muni Bond ETF

The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index includes municipal bonds issued in the State of New York (the "State" or "New York"), the interest of which is exempt from Federal income taxes and not subject to alternative minimum tax. The fund is non-diversified.