Fixed Income

IBMQ

iShares® iBonds® Dec 2028 Term Muni Bond ETF

Overview

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Performance

Performance

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

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Net Assets as of Jul 10, 2020 $42,058,980
Inception Date Apr 16, 2019
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index
Bloomberg Index Ticker SPMDC28
Shares Outstanding as of Jul 10, 2020 1,550,000
CUSIP 46435U325
Closing Price as of Jul 10, 2020 27.16
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.

Sustainability Characteristics

Sustainability Characteristics

For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Sustainability characteristics are displayed for funds included in MSCI ESG Fund Ratings. To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.

 

Inclusion of Sustainability Characteristics is not indicative of a fund’s investment objective, nor is it an implication that a fund employs an ESG-related portfolio management strategy.

Holdings

Holdings

as of Jul 10, 2020
Issuer Weight (%)
CALIFORNIA (STATE OF) 3.85
DORMITORY AUTHORITY OF STATE OF NEW YORK 2.96
CONNECTICUT (STATE OF) 2.02
PENNSYLVANIA (COMMONWEALTH OF) 1.85
NEW YORK N Y 1.64
Issuer Weight (%)
OHIO (STATE OF) 1.64
MASSACHUSETTS (COMMONWEALTH OF) 1.47
METROPOLITAN TRANSPORTATION AUTHORITY 1.42
MARYLAND (STATE OF) 1.39
ENERGY NORTHWEST 1.38
as of Jul 10, 2020
Ticker Name Market Value Weight (%) Shares CUSIP ISIN Price
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
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 Jul 10, 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 Jul 10, 2020

% of Market Value

Type Fund
as of Jul 10, 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 Jul 10, 2020) used in the calculation is $27.13. The value you enter should correspond to your estimated market purchase price as of Jul 10, 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.

The ENA Yield metric does not include the impact of cash reinvestment rates (e.g., during the final year prior to maturity), potential losses arising from credit downgrades or defaults, or changes to the portfolio composition over time.

Literature

Literature

 

How to Buy iShares ETFs

How to Buy iShares ETFs

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