Fixed Income

IBML

iShares® iBonds® Dec 2023 Term Muni Bond ETF

Overview

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Performance

Performance

Growth of Hypothetical 10,000

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Distributions

Ex-Date Total Distribution Income
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Premium/Discount

  1Y 3Y 5Y 10y Incept.
2.89 2.94 - - 2.81
Market Price (%) 2.89 2.89 - - 2.83
Benchmark (%) 3.03 3.12 - - 2.88
After Tax Pre-Liq. (%) 2.89 2.94 - - 2.81
After Tax Post-Liq. (%) 2.31 2.63 - - 2.52
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
2.89 0.09 0.12 0.63 2.89 9.07 - - 10.88
Market Price (%) 2.89 0.02 0.08 0.59 2.89 8.94 - - 10.96
Benchmark (%) 3.03 0.15 0.20 0.83 3.03 9.65 - - 11.14
After Tax Pre-Liq. (%) 2.89 0.09 0.12 0.63 2.89 9.07 - - 10.87
After Tax Post-Liq. (%) 2.31 0.14 0.25 0.70 2.31 8.09 - - 9.72
  2016 2017 2018 2019 2020
Total Return (%) - - 1.20 4.74 2.89
Market Price (%) - - 1.24 4.57 2.89
Benchmark (%) - - 1.40 4.96 3.03
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.

Key Facts

Key Facts

Net Assets as of Mar 1, 2021 USD 302,753,377
Inception Date Apr 11, 2017
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index S&P AMT-Free Municipal Series Dec 2023 Index
Bloomberg Index Ticker SPMUD23T
Shares Outstanding as of Mar 1, 2021 11,600,000
Number of Holdings as of Feb 26, 2021 1253
Premium/Discount as of Feb 26, 2021 0.07%
CUSIP 46435G318
Closing Market Price as of Feb 26, 2021 26.13
Mid-Point Market Price as of Feb 26, 2021 26.13
Options Available No
Premium/Discount as of Feb 26, 2021 0.08
30 Day Avg. Volume as of Feb 26, 2021 32,567.00
30 Day Median Bid/Ask Spread as of Feb 26, 2021 0.11
Volume - 1d as of Feb 26, 2021 17,366.00

Portfolio Characteristics

Portfolio Characteristics

Equity Beta (3y) as of Jan 31, 2021 0.03
Standard Deviation (3y) as of Jan 31, 2021 2.24%
12m Trailing Yield as of Feb 26, 2021 1.40%
30 Day SEC Yield as of Feb 26, 2021 0.06%
Unsubsidized 30-Day SEC Yield as of Feb 26, 2021 0.06%
Tax Equiv. SEC Yield as of Feb 26, 2021 0.11%
Weighted Avg Coupon as of Feb 26, 2021 4.90%
Effective Duration as of Feb 26, 2021 2.22 yrs
Weighted Avg Maturity as of Feb 26, 2021 2.34 yrs
Convexity as of Feb 26, 2021 0.06
Average Yield to Maturity as of Feb 26, 2021 0.35%

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 Feb 26, 2021
Issuer Weight (%)
WISCONSIN (STATE OF) 3.74
DORMITORY AUTHORITY OF STATE OF NEW YORK 2.75
CALIFORNIA (STATE OF) 2.59
NEW YORK N Y 1.86
WASHINGTON (STATE OF) 1.64
Issuer Weight (%)
NEW YORK CITY TRANSITIONAL FIN AUTH 1.60
MASSACHUSETTS (COMMONWEALTH OF) 1.55
OHIO (STATE OF) 1.32
CONNECTICUT (STATE OF) 1.31
PENNSYLVANIA (COMMONWEALTH OF) 1.29
as of Feb 26, 2021
ISIN Name Sector SEDOL Market Value Weight (%) Price Maturity Coupon (%) Duration Notional Value YTM (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Par Value
Name Asset Class Weight (%) Price Market Value Notional Value Sector SEDOL ISIN Coupon (%) Maturity YTM (%) Yield to Call (%) 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 Feb 26, 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.
as of Feb 26, 2021

% of Market Value

Type Fund
as of Feb 26, 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 Feb 26, 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