Fixed Income

BIDIX

iShares Municipal Bond Index Fund

Overview

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Performance

Performance

  • Returns

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. The performance information for periods prior to November 19, 2018, is stated based on the performance of Investor A Shares of the Fund lunich (which, for periods prior to November 19, 2018, reflected 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.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of Apr 18, 2019 $0.1 M
Size of Fund (Millions) as of Apr 18, 2019 $367.2 M
Share Class launch date Nov 16, 2018
Asset Class Fixed Income
Morningstar Category Muni National Interm
Lipper Classification Gen & Ins Muni Debt Fds
Benchmark Index ICE BofAML Municipal Master Index (U0A0)
CUSIP 09258N349
Number of Holdings as of Mar 29, 2019 316
Max Offer Price as of Apr 18, 2019 $11.82
Open to New Investors Yes
Turnover Percent -

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Mar 31, 2019 0.00
Beta (3y) as of Mar 31, 2019 0.00
Average Coupon as of Mar 29, 2019 4.58%
Nominal WAL as of Mar 29, 2019 5.92 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending - -
Worst 3-Month Return Over the Last 3 Years 3 months ending - -
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Holdings

Holdings

as of Mar 29, 2019
Name Weight (%)
TENNESSEE ST 4 08/01/2025 1.45
CALIFORNIA ST 5.25 10/01/2029 1.12
SALT RIV PROJ AGRIC IMPT & PWR 5 01/01/2034 0.80
NEW YORK N Y CITY MUN WTR FIN 5 06/15/2035 0.77
HOWARD CNTY MD 4 02/15/2032 0.77
Name Weight (%)
GOLDEN ST TOB SECURITIZATION C 5 06/01/2034 0.74
NEW YORK ST URBAN DEV CORP REV 5 03/15/2022 0.74
CALIFORNIA ST 5.25 11/01/2040 0.72
NEW YORK N Y CITY HEALTH & HOSP CO 5 02/15/2030 0.70
LOS ANGELES CALIF UNI SCH DIST 5 07/01/2026 0.68

Exposure Breakdowns

Exposure Breakdowns

as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Mar 29, 2019

% of Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. 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.

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

Scott Radell
Scott Radell
James Mauro
James Mauro
Portfolio Manager

Literature

Literature

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