Fixed Income

IBMM

iShares® iBonds® Dec 2024 Term Muni Bond ETF

Overview

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Performance

Performance

  • Returns

  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.44 -1.97 -0.44 0.49 2.90 - - - 8.73
Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds). -0.82 -2.19 -0.82 0.11 2.47 - - - 8.40
Benchmark (%) Index: S&P AMT-Free Municipal Series Dec 2024 Index -0.49 -2.08 -0.49 0.50 3.00 - - - 8.58
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. -0.44 -1.97 -0.44 0.49 2.90 - - - 8.73
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. -0.16 -1.11 -0.16 0.59 2.40 - - - 7.51
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.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution Income
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Key Facts

Key Facts

Net Assets as of Apr 08, 2020 $136,581,004
Inception Date Mar 20, 2018
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index S&P AMT-Free Municipal Series Dec 2024 Index
Bloomberg Index Ticker SPMUD24T
Shares Outstanding as of Apr 08, 2020 5,200,000
CUSIP 46435U697
Closing Price as of Apr 08, 2020 26.25
Options Available No

Portfolio Characteristics

Portfolio Characteristics

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Holdings

Holdings

as of Apr 07, 2020
Issuer Weight (%)
CALIFORNIA (STATE OF) 3.14
DORMITORY AUTHORITY OF STATE OF NEW YORK 2.44
WISCONSIN (STATE OF) 1.96
NEW YORK N Y 1.90
OHIO (STATE OF) 1.77
Issuer Weight (%)
WASHINGTON (STATE OF) 1.69
MASSACHUSETTS (COMMONWEALTH OF) 1.67
METROPOLITAN TRANSPORTATION AUTHORITY 1.54
CONNECTICUT (STATE OF) 1.43
PENNSYLVANIA (COMMONWEALTH OF) 1.36
ISIN Name Sector SEDOL Market Value Weight (%) Price Maturity Coupon (%) Duration Notional Value YTM (%) Mod. Duration Yield to Worst (%) Par Value
Name Asset Class Weight (%) Price Market Value Notional Value Sector SEDOL ISIN Coupon (%) Maturity YTM (%) Yield to Worst (%) Duration Mod. Duration Par Value
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 Apr 07, 2020

% 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 Apr 07, 2020

% of Market Value

Type Fund
as of Apr 07, 2020

% 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 Apr 07, 2020

% 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.

Estimated Net Acquisition Yield Calculator

Estimated Net Acquisition Yield Calculator

Calculate the Estimated Net Acquisition Yield (ENA Yield) based on the projected market purchase price that you input. This estimate also reflects the deduction of the expense ratio (18 basis points).
The NAV (as of Apr 08, 2020) used in the calculation is $26.27. The value you enter should correspond to your estimated market purchase price as of Apr 08, 2020.
Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome.

Literature

Literature

 

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