Fixed Income

IBML

iBonds® Dec 2023 Term Muni Bond ETF

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

Loading

Performance

Performance

Chart

Performance chart data not available for display.
View full chart

Distributions

Record Date Ex-Date Total Distribution
View full table

Premium/Discount

  From
30/Sep/2015
To
30/Sep/2016
From
30/Sep/2016
To
30/Sep/2017
From
30/Sep/2017
To
30/Sep/2018
From
30/Sep/2018
To
30/Sep/2019
From
30/Sep/2019
To
30/Sep/2020
Total Return (%)

as of 30/Sep/2020

- - -1.15 5.56 3.64
Benchmark (%)

as of 30/Sep/2020

- - -0.89 5.71 3.74
  1y 3y 5y 10y Incept.
3.64 2.64 - - 2.98
Market Price (%)

as of 30/Sep/2020

3.67 2.63 - - 3.01
Benchmark (%)

as of 30/Sep/2020

3.74 2.82 - - 3.03
After Tax Pre-Liq. (%)

as of 30/Sep/2020

3.64 2.64 - - 2.98
After Tax Post-Liq. (%)

as of 30/Sep/2020

2.79 2.40 - - 2.65
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.77 0.08 0.51 3.07 3.64 8.14 - - 10.74
Market Price (%)

as of 30/Sep/2020

2.81 0.19 0.51 3.23 3.67 8.10 - - 10.87
Benchmark (%)

as of 30/Sep/2020

2.82 0.10 0.62 3.14 3.74 8.69 - - 10.92
After Tax Pre-Liq. (%)

as of 30/Sep/2020

2.77 0.08 0.51 3.07 3.64 8.14 - - 10.74
After Tax Post-Liq. (%)

as of 30/Sep/2020

2.05 0.09 0.45 2.13 2.79 7.36 - - 9.50
  2015 2016 2017 2018 2019
Total Return (%) - - - 1.20 4.74
Market Price (%) - - - 1.24 4.57
Benchmark (%) - - - 1.40 4.96

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets as of 26/Oct/2020 USD 276,253,789
Size of Fund (Millions) USD 276.25
Base Currency USD
Share Class launch date 11/Apr/2017
Asset Class Fixed Income
Domicile United States
Benchmark Index S&P AMT-Free Municipal Series Dec 2023 Index
Premium/Discount as of 26/Oct/2020 0.02%
30 Day Avg. Volume as of 26/Oct/2020 34,025.00
30 Day Median Bid/Ask Spread as of 26/Oct/2020 0.11

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 26/Oct/2020 10,550,000
Number of Holdings as of 26/Oct/2020 1,196
Benchmark Level as of 26/Oct/2020 USD 113.51
Total Net Assets as of 26/Oct/2020 USD 276,253,788.97
Benchmark Ticker SPMUD23T
Distribution Yield as of 23/Oct/2020 1.40%
Weighted Avg YTM as of 26/Oct/2020 0.38%
Weighted Avg Coupon as of 26/Oct/2020 4.90%
Fiscal Year End 31/Oct/2018
Effective Duration as of 26/Oct/2020 2.51
Weighted Avg Maturity as of 26/Oct/2020 2.67 yrs

Fees

Fees

as of current prospectus
Management Fee 0.18
Acquired Fund Fees and Expenses 0.00
Foreign Taxes and Other Expenses 0.00
Gross Expense Ratio 0.18

Registered Locations

Registered Locations

Holdings

Holdings

as of 26/Oct/2020
Ticker ISIN Name Sector Location Asset Class Nominal Market Value Weight (%) Price Exchange Maturity Coupon (%) Market Currency Duration Notional Value
as of 26/Oct/2020
Issuer Weight (%)
WISCONSIN (STATE OF) 3.86
DORMITORY AUTHORITY OF STATE OF NEW YORK 3.01
CALIFORNIA (STATE OF) 2.85
NEW YORK N Y 1.82
WASHINGTON (STATE OF) 1.78
Issuer Weight (%)
MASSACHUSETTS (COMMONWEALTH OF) 1.69
CONNECTICUT (STATE OF) 1.37
OHIO (STATE OF) 1.36
PENNSYLVANIA (COMMONWEALTH OF) 1.30
MARYLAND (STATE OF) 1.28
Issuer Ticker Name Asset Class Weight (%) Price Nominal Market Value Notional Value Sector ISIN Coupon (%) Maturity Exchange Location Market Currency Duration
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

Non-U.S. securities whose values are affected by volatility that occurs in global markets or in related or highly correlated assets (e.g., American Depositary Receipts, Global Depositary Receipts or substantially identical ETFs) on a trading day after the close of non-U.S. securities markets may be fair valued. On days where non-U.S. securities markets are closed, BlackRock Fund Advisors, an affiliate of BlackRock Investments, LLC, will determine the fair value of the stocks traded on that local market, in accordance with policies and procedures approved by the Fund’s Board of Directors/Trustees. Fair value adjustments may be calculated by referring to instruments and markets that have continued to trade, such as exchange-traded funds, correlated stock market indices or index futures. Please see the Determination of Net Asset Value section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

Sorry, geographic exposures are not available at this time.
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of 26/Oct/2020

% of Market Value

Type Fund Benchmark Net
as of 26/Oct/2020

% of Market Value

Type Fund Benchmark Net
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of 26/Oct/2020

% of Market Value

Type Fund Benchmark Net
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
Cboe BZX formerly known as BATS IBML USD 13/Apr/2017 - - - IBML.IV - - - 36439960 - -

Literature

Literature