BlackRock has recently launched the BlackRock 2037 Municipal Target Term Trust; an end-of-market close-end mutual fund investing in the fixed income markets, with BlackRock Advisors managing the fund. The financial giant's newly-launched fund primarily focuses on investment-grade municipal securities that have received ratings of BBB- or above by both Fitch and S&P or Baa3 or above by Moody's. The fund is domiciled in the United States.