Fund Description: BlackRock Municipal 2030 Target Term Trust, formerly BlackRock Municipal Target Term Trust, is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The BlackRock Municipal 2030 Target Term Trust seeks to provide current income that is exempt from regular federal income tax (but which may be subject to the federal alternative minimum tax in certain circumstances) and to return $25.00 per common share (the initial public offering price per common share) to holders of common shares on or about December 31, 2030. There can be no assurance that the Trust's investment objectives, including to return $25.00 per common share to holders of common shares on or about December 31, 2030, will be achieved or that the Trust's investment program will be successful. <p> TRUST STRATEGY: Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in municipal securities that at the time of investment are investment grade quality. Managed Assets means the total assets of the Trust (including any assets attributable to money borrowed for investment purposes) minus the sum of the Trust’s accrued liabilities (other than money borrowed for investment purposes). Investment grade quality securities are those rated within the four highest grades (Baa or BBB or better by Moody’s Investor’s Service, Inc., Standard & Poor’s Corporation Ratings Group, (S&P), or Fitch Ratings, Inc. (Fitch) or those that are unrated but judged to be of comparable quality by the Advisor or the Sub-Advisor. The Trust may invest up to 20% of its Managed Assets in municipal securities that at the time of investment are rated below investment grade quality (rated Ba/BB or below) or securities that are unrated but judged to be of comparable quality by the Advisor or the Sub-Advisor. Securities of below investment grade quality are regarded as having predominantly speculative characteristics with respect to the issuer’s capacity to pay interest and repay principal, and are commonly referred to as junk bonds. After the initial investment period, the Trust intends to actively manage the maturity of its securities, which are expected to have a dollar weighted average effective maturity approximately equal to the Trust’s maturity date. As a result, over time the maturity of the Trust’s portfolio is expected to shorten in relation to the remaining term of the Trust. The Trust may invest directly in such securities or synthetically through the use of derivatives. <p> TRUST MANAGEMENT: BlackRock Advisors, LLC serves as the Fund’s investment advisor. BlackRock Investment Management, LLC serves as the Fund's sub-advisor.