Fixed Income

BKN

Investment Quality Municipal Trust

Overview

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Performance

Performance

Distributions

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  1y 3y 5y 10y Incept.
17.12 -2.04 0.68 3.57 5.33
Market Price Total Return (%) 34.75 -4.42 1.23 3.82 -
  YTD 1m 3m 1y 3y 5y 10y Incept.
3.57 1.35 - 17.12 -5.99 3.44 42.00 415.13
Market Price Total Return (%) 13.59 5.07 - 34.75 -12.69 6.32 45.46 -
  2019 2020 2021 2022 2023
NAV Total Return (%) 13.01 7.10 3.34 -17.70 8.72
Market Price Total Return (%) 23.43 15.56 5.94 -28.94 6.28

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

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 may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Key Facts

Key Facts

Net Assets
as of Dec 11, 2024
$225,427,742
Share Class launch date
Feb 28, 1993
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
Gen & Ins Leveraged
CUSIP
09247D105
Managed Assets
as of Dec 11, 2024
$351,984,410.53
Exchange
New York Stock Exchange Inc.
Shares Outstanding
as of Dec 11, 2024
17,205,846
Morningstar Category
Muni National Long
Premium Discount
as of Dec 11, 2024
-7.02%
Number of Holdings
as of Nov 29, 2024
274

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate
as of Dec 11, 2024
5.62%
Average Coupon
as of Nov 29, 2024
3.58%
Effective Duration
as of Nov 29, 2024
12.97 yrs
WAL to Maturity
as of Nov 29, 2024
24.25 yrs
% Leveraged
as of Nov 29, 2024
36.13%
% Insured
as of Nov 29, 2024
6.08%
Yield to Maturity
as of Nov 29, 2024
6.83%
Yield to Worst
as of Nov 29, 2024
6.29%
WAL to Worst
as of Nov 29, 2024
11.40 yrs
Leverage
as of Nov 29, 2024
$ 127,494,467.00
% AMT Bonds
as of Nov 29, 2024
13.39%

Fees

Fees

on net assets
Gross Expense Ratio 3.32%
Management Fee 0.52%
Interest Expense 2.41%
Other Expenses 0.38%
Acquired Fund Fees and Expenses 0.01%
on managed assets
Acquired Fund Fees and Expenses 0.00%
Interest Expenses 1.61%
Management Fee 0.35%
Other Expenses 0.25%
Gross Expense 2.21%

Fees data reflected above is current as of the latest annual shareholder report.

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Investment Quality Municipal Trust, as of Nov 30, 2024 rated against 41 Muni National Long Funds based on risk adjusted total return.

Holdings

Holdings

as of Nov 29, 2024
Name Weight (%)
MIAMI-DADE CNTY FLA SPL OBLIG 0 10/01/2033 3.17
MIDLAND CNTY TEX FRESH WTR SUP 0 09/15/2038 2.55
TOB 5.25 09182TCG0 BBEUTL 144A 2.08
NORWALK LA MIRADA CALIF UNI SCH DI 0 08/01/2038 1.99
PUERTO RICO SALES TAX FING CO (RST 5 07/01/2058 1.55
Name Weight (%)
SALT VERDE FINL CORP - CITI 5 12/01/2037 1.47
PALOMAR CALIF CMNTY COLLEGE DIST 0 08/01/2039 1.43
HUMBLE TEX INDPT SCH DIST 5 02/15/2047 1.40
TOB 5.25 167727C53 CHIUTL 144A 1.36
SAN DIEGO CALIF CMNTY COLLEGE DIST 6 08/01/2033 1.32
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
as of Nov 29, 2024

% Notional Value

Type Fund
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.

as of Nov 29, 2024
Type Fund
Notional value represents a fund’s use of derivatives, including but not limited to futures, options, and swaps. This value captures the fund exposures as if the derivative was replaced with the underlying asset and the corresponding financing or lending, such that all exposures sum to the net asset value. For non-derivatives, the market value and the notional value are identical.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Michael Kalinoski, CFA 
Director, Portfolio Manager, Municipal Mutual Funds

   

Walter O'Connor, CFA
Managing Director, Co-Head and Portfolio Manager, Municipal Mutual Funds

  

Kevin Maloney, CFA
Director, Co-Head and Portfolio Manager, Municipal Mutual Funds

  

Kristi Manidis
Director, Portfolio Manager, Municipal Mutual Funds

  

Christian Romaglino, CFA
Director, Portfolio Manager, Municipal Mutual Funds

   

Phillip Soccio, CFA
Director, Portfolio Manager, Municipal Mutual Funds

  

Portfolio Manager

Literature

Literature

 

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