Fixed Income

IBMJ

iBonds® Dec 2021 Term Muni Bond ETF

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
1.34 1.85 1.52 - 1.91
Market Price (%)

as of Dec 31, 2020

1.38 1.81 1.53 - 1.92
Benchmark (%)

as of Dec 31, 2020

1.47 2.01 1.67 - 1.96
After Tax Pre-Liq. (%)

as of Dec 31, 2020

1.34 1.85 1.52 - 1.91
After Tax Post-Liq. (%)

as of Dec 31, 2020

1.35 1.74 1.48 - 1.78
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
1.34 0.02 0.02 0.16 1.34 5.65 7.85 - 10.63
Market Price (%)

as of Dec 31, 2020

1.38 0.10 -0.10 0.23 1.38 5.52 7.89 - 10.67
Benchmark (%)

as of Dec 31, 2020

1.47 0.03 0.06 0.29 1.47 6.15 8.63 - 10.93
After Tax Pre-Liq. (%)

as of Dec 31, 2020

1.34 0.02 0.02 0.16 1.34 5.65 7.85 - 10.62
After Tax Post-Liq. (%)

as of Dec 31, 2020

1.35 0.10 0.19 0.41 1.35 5.32 7.61 - 9.88
  2016 2017 2018 2019 2020
Total Return (%) -0.07 2.16 1.36 2.86 1.34
Market Price (%) 0.08 2.16 1.28 2.77 1.38
Benchmark (%) -0.10 2.44 1.53 3.04 1.47
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

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Key Facts

Key Facts

Net Assets as of Jan 15, 2021 $319,384,252
Inception Date Sep 01, 2015
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index S&P AMT- Free Municipal Series Dec 2021 Index
Bloomberg Index Ticker SPMUD21T
Shares Outstanding as of Jan 15, 2021 12,400,000
Premium/Discount as of Jan 15, 2021 0.01%
CUSIP 46435G789
Closing Price as of Jan 15, 2021 25.76
Options Available No
30 Day Avg. Volume as of Jan 15, 2021 42,596.00
30 Day Median Bid/Ask Spread as of Jan 15, 2021 0.12%
Daily Volume as of Jan 15, 2021 122,641.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Jan 14, 2021 1,425
Equity Beta (3y) as of Dec 31, 2020 0.01
30 Day SEC Yield as of Jan 14, 2021 0.13%
Average Yield to Maturity as of Jan 14, 2021 0.35%
Standard Deviation (3y) as of Dec 31, 2020 1.02%
12m Trailing Yield as of Jan 14, 2021 1.37%
Tax Equiv. SEC Yield as of Jan 14, 2021 0.23%
Weighted Avg Coupon as of Jan 14, 2021 4.63%
Effective Duration as of Jan 14, 2021 0.50 yrs
Weighted Avg Maturity as of Jan 14, 2021 0.51 yrs
Convexity as of Jan 14, 2021 0.01
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Fees

Fees

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

Holdings

Holdings

as of Jan 14, 2021
Issuer Weight (%)
CALIFORNIA (STATE OF) 2.57
OHIO (STATE OF) 2.48
DORMITORY AUTHORITY OF STATE OF NEW YORK 1.92
MASSACHUSETTS (COMMONWEALTH OF) 1.87
WASHINGTON (STATE OF) 1.81
Issuer Weight (%)
NEW YORK N Y 1.75
WISCONSIN (STATE OF) 1.44
FAIRFAX CNTY VA 1.42
VIRGINIA COMWLTH TRANSN BRD 1.36
DISTRICT OF COLUMBIA (WASHINGTON DC) 1.23
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Effective Date Accrual Date
Holdings are subject to change.

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

as of Jan 14, 2021

% of Market Value

Type Fund
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. Bonds are included in US bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer. 
as of Jan 14, 2021

% of Market Value

Type Fund
as of Jan 14, 2021

% of Market Value

Type Fund
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 Jan 14, 2021

% of Market Value

Type Fund
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.

Literature

Literature

 

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