Fixed Income

IBMO

iShares® iBonds® Dec 2026 Term Muni Bond ETF

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
2.91 -0.93 - - 1.52
Market Price (%) 2.90 -0.94 - - 1.54
Benchmark (%) 3.11 -0.74 - - 1.62
After Tax Pre-Liq. (%) 2.91 -0.94 - - 1.52
After Tax Post-Liq. (%) 2.41 -0.47 - - 1.43
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.91 0.92 3.47 2.32 2.91 -2.78 - - 7.44
Market Price (%) 2.90 0.98 3.44 2.34 2.90 -2.79 - - 7.54
Benchmark (%) 3.11 0.94 3.48 2.37 3.11 -2.20 - - 7.90
After Tax Pre-Liq. (%) 2.91 0.92 3.47 2.32 2.91 -2.78 - - 7.43
After Tax Post-Liq. (%) 2.41 0.67 2.30 1.79 2.41 -1.40 - - 6.98
  2019 2020 2021 2022 2023
Total Return (%) - 5.47 -0.20 -5.34 2.91
Market Price (%) - 5.50 -0.16 -5.38 2.90
Benchmark (%) - 5.46 0.27 -5.40 3.11
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.

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Key Facts

Key Facts

Net Assets of Fund as of Feb 28, 2024 $444,913,735
Fund Launch Date Apr 02, 2019
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index (USD)
Bloomberg Index Ticker SPMDC26
Shares Outstanding as of Feb 28, 2024 17,500,000
Distribution Frequency Monthly
Premium/Discount as of Feb 28, 2024 0.20%
CUSIP 46435U259
Closing Price as of Feb 28, 2024 25.48
30 Day Avg. Volume as of Feb 28, 2024 68,308.00
30 Day Median Bid/Ask Spread as of Feb 28, 2024 0.04%
Daily Volume as of Feb 28, 2024 44,379.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Feb 28, 2024 1,341
Equity Beta (3y) as of Jan 31, 2024 0.16
30 Day SEC Yield as of Feb 27, 2024 2.64%
12m Trailing Yield as of Feb 27, 2024 1.68%
Standard Deviation (3y) as of Jan 31, 2024 4.44%
Unsubsidized 30-Day SEC Yield as of Feb 27, 2024 2.64%
Average Yield to Maturity as of Feb 28, 2024 2.83%
Tax Equiv. SEC Yield as of Feb 27, 2024 4.46%
Weighted Avg Coupon as of Feb 28, 2024 4.95
Weighted Avg Maturity as of Feb 28, 2024 2.16 yrs
Effective Duration as of Feb 28, 2024 2.03 yrs
Convexity as of Feb 28, 2024 0.04
Option Adjusted Spread as of Feb 28, 2024 13.55 bps
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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. 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%
Other Expenses 0.00%
Expense Ratio 0.18%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Holdings

Holdings

as of Feb 28, 2024
Issuer Weight (%)
CALIFORNIA (STATE OF) 3.83
CONNECTICUT (STATE OF) 2.16
WISCONSIN (STATE OF) 2.15
NEW YORK CITY TRANSITIONAL FIN AUTH 1.77
NEW YORK CITY OF 1.72
Issuer Weight (%)
ILLINOIS (STATE OF) 1.43
MASSACHUSETTS (COMMONWEALTH OF) 1.40
DORMITORY AUTHORITY OF STATE OF NEW YORK 1.39
WASHINGTON (STATE OF) 1.39
PENNSYLVANIA (COMMONWEALTH OF) 1.28
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 Accrual Date Effective Date
Holdings are subject to change.



The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

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 28, 2024

% 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, excluding currency holdings. Percentages do not reflect fair valuation. In some instances, percentages may reflect the location where the issuer of the securities carries out much of their business. Bonds are included in U.S. bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer.
as of Feb 28, 2024

% of Market Value

Type Fund
as of Feb 28, 2024

% 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 28, 2024

% 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

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