OUTLOOK & INSIGHTS
BY TOPIC
DOCUMENTS
TAX RESOURCES
Filter list by keyword
Show All
Show Fewer
to
of
Total
Sorry, no data available.
BIDPX
iShares Municipal Bond Index Fund
Overview
Performance
Performance
-
Returns
Performance data is not currently available
| YTD | 1m | 3m | 1y | 3y | 5y | 10y | |
|---|---|---|---|---|---|---|---|
| Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. | 1.78 | 0.77 | 2.25 | 3.80 | 11.60 | 18.49 | 43.10 |
| Return w/ Sales Charge (%) Max Sales Charge: - | -2.29 | -3.26 | -1.84 | -0.36 | 7.14 | 13.75 | 37.38 |
| Benchmark (%) Index: ICE BofAML US Municipal Securities Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. | 1.97 | 0.97 | 2.66 | 4.27 | 13.17 | 21.57 | 53.12 |
| Morningstar Category Avg. (%) Muni National Interm | 2.74 | 1.55 | 5.82 | 3.93 | 11.39 | 17.78 | 41.37 |
Performance data is not currently available
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. | - | - | - | 1.24 | 7.25 |
| Annual w/ Sales Charge (%) Max Sales Charge: - | - | - | - | -2.82 | 2.96 |
| Benchmark (%) Index: ICE BofAML US Municipal Securities Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. | - | - | - | 1.04 | 7.74 |
| Morningstar Category Avg. (%) Muni National Interm | 2.50 | -0.20 | 4.61 | 0.78 | 6.91 |
Performance data is not currently available
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.
The Fund’s returns prior to November 19, 2018 reflect the performance of the State Farm Tax Advantaged Bond Fund (the “Predecessor Fund”). Effective November 19, 2018, the Fund adopted the performance of the Predecessor Fund as a result of a reorganization in which the Fund acquired all of the assets and assumed certain stated liabilities of the Predecessor Fund. Performance shown is based on the investment objective and investment strategies utilized by the Predecessor Fund, which differed from those of the Fund. The Predecessor Fund was managed by a different investment adviser and had a different portfolio management team from that of the Fund. For periods prior to November 19, 2018, Investor P Shares adopted the performance of Premier Shares of the Predecessor Fund.
The Fund’s returns prior to November 19, 2018 reflect the performance of the State Farm Tax Advantaged Bond Fund (the “Predecessor Fund”). Effective November 19, 2018, the Fund adopted the performance of the Predecessor Fund as a result of a reorganization in which the Fund acquired all of the assets and assumed certain stated liabilities of the Predecessor Fund. Performance shown is based on the investment objective and investment strategies utilized by the Predecessor Fund, which differed from those of the Fund. The Predecessor Fund was managed by a different investment adviser and had a different portfolio management team from that of the Fund. For periods prior to November 19, 2018, Investor P Shares adopted the performance of Premier Shares of the Predecessor Fund.
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.
Distributions
| Record Date | Ex-Date | Payable Date |
|---|
Key Facts
Key Facts
Size of Class (Millions)
as of Aug 11, 2020
$328.1 M
Share Class launch date
Nov 16, 2018
Asset Class
Fixed Income
Size of Fund (Millions)
as of Aug 11, 2020
$355.1 M
Morningstar Category
Muni National Interm
Lipper Classification
Gen & Ins Muni Debt Fds
Benchmark Index
ICE BofAML US Municipal Securities Index
Distribution Frequency
How often a distribution is paid by the fund. The most common distribution frequencies are annually, biannually and quarterly.
Daily
Number of Holdings
as of Jul 31, 2020
319
CUSIP
066923210
Max Offer Price
as of Aug 11, 2020
$12.84
Open to New Investors
Yes
Turnover Percent in the Annual Report
24%
Portfolio Characteristics
Portfolio Characteristics
Yield to Maturity
Yield to Maturity (YTM) is the discount rate that equates the present value of a bond's cash flows with its market price (including accrued interest). The Fund Average YTM is the weighted average of the fund's individual bond holding YTMs based upon Net Asset Value ('NAV'). The measure does not include fees and expenses. For callable bonds, YTM is the yield-to-worst.
as of Aug 11, 2020
2.65%
R-Squared (3y)
as of Jul 31, 2020
0.00
Yield to Worst
The average rate of return of the portfolio at current market prices, adjusting for optionality.
as of Aug 11, 2020
1.10%
Fund Standard Deviation (3y)
as of Jul 31, 2020
0.00
Beta (3y)
as of Jul 31, 2020
0.00
Average Coupon
as of Aug 11, 2020
4.69%
Unsubsidized 30-Day SEC Yield
Represents what a fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place over the period.
as of Jun 30, 2020
1.02%
Weighted Average Life
The weighted average time to receipt of principal, adjusting for embedding optionality.
as of Aug 11, 2020
5.61 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Jul 31, 2020
5.63%
Worst 3-Month Return Over the Last 3 Years
3 months ending Apr 30, 2020
-3.88%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.
Fees
Fees
Net Expense Ratio excluding Investment Related Expenses is 0.47%
- Acquired Fund Fees and Expenses Investment related expense that reflects the Fund’s pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, exchange traded funds, or other pooled investment vehicles. AFFE are reflected in the prices of the acquired funds and thus included in the total returns of the Fund. 0.01%
- Interest expense Investment related expense that reflects the cost of borrowing securities to seek to enhance return or reduce risk. The amount of Interest Expense (if any) will fluctuate with each Fund’s use of certain investments. 0.00%
Ratings
Ratings
Holdings
Holdings
as of Aug 11, 2020
| Name | Weight (%) |
|---|---|
| TENNESSEE ST 4 08/01/2025 | 1.51 |
| NEW YORK ST URBAN DEV CORP REV 4 03/15/2049 | 0.92 |
| SALT RIV PROJ AGRIC IMPT & PWR 5 01/01/2034 | 0.88 |
| NEW YORK N Y CITY MUN WTR FIN 5 06/15/2035 | 0.82 |
| GOLDEN ST TOB SECURITIZATION C 5 06/01/2034 | 0.81 |
| Name | Weight (%) |
|---|---|
| NEW YORK N Y CITY HEALTH & HOSP CO 5 02/15/2030 | 0.73 |
| LOS ANGELES CALIF UNI SCH DIST 5 07/01/2026 | 0.73 |
| SAN DIEGO CALIF UNI SCH DIST 5 07/01/2047 | 0.72 |
| CALIFORNIA ST 5.25 11/01/2040 | 0.72 |
| NEW YORK ST DORM AUTH REVS NON 5 10/01/2045 | 0.72 |
Detailed Holdings and Analytics
Detailed portfolio holdings information. For fixed income holdings, issuance date can be found under the supplemental holdings file. Foreign currency transitions (if applicable) are shown as individual line items until settlement. Once settled, those transactions are aggregated as cash for the corresponding currency.
Exposure Breakdowns
Exposure Breakdowns
as of Aug 11, 2020
% of Market Value
Allocations subject to change.
as of Aug 11, 2020
% of Market Value
as of Aug 11, 2020
% of Market Value
as of Aug 11, 2020
% of Market Value
as of Aug 11, 2020
% of Market Value
as of Aug 11, 2020
% of Market Value
as of Aug 11, 2020
% of Market Value
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.
Allocations are subject to change.
Portfolio Managers
Portfolio Managers
James Mauro
Portfolio Manager
Literature
Literature
There are many ways to access BlackRock Funds, learn how you can add them to your portfolio
Important Information
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.
Performance results reflect past performance and are no guarantee of future results. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of all dividends. Performance information shown without sales charge would have been lower if the applicable sales charge had been included. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than the performance data quoted.
Investing involves risk, including possible loss of principal.
Fund details, holdings and characteristics are as of the date noted and subject to change.
Yields are based on income earned for the period cited and on the Fund's NAV at the end of the period.
Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. Those distributions temporarily cause extraordinarily high yields. There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
©2020 BlackRock, Inc. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, FACTORSELECT, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.
USRMH0519U-851467