Fixed Income

IBMO

iShares® iBonds® Dec 2026 Term Muni Bond ETF

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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.
5.58 -0.14 1.03 - 1.69
Market Price (%) 5.53 -0.17 1.01 - 1.70
Benchmark (%) 5.86 0.00 1.22 - 1.81
After Tax Pre-Liq. (%) 5.58 -0.15 1.03 - 1.69
After Tax Post-Liq. (%) 4.15 0.21 1.07 - 1.58
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.04 0.37 1.94 2.35 5.58 -0.43 5.27 - 9.63
Market Price (%) 2.01 0.34 1.89 2.32 5.53 -0.51 5.15 - 9.71
Benchmark (%) 2.30 0.39 2.01 2.50 5.86 -0.01 6.23 - 10.38
After Tax Pre-Liq. (%) 2.04 0.37 1.94 2.35 5.58 -0.44 5.27 - 9.62
After Tax Post-Liq. (%) 1.78 0.29 1.37 1.83 4.15 0.62 5.48 - 9.01
  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 Dec 10, 2024
$501,801,014
Exchange
Cboe BZX formerly known as BATS
Benchmark Index
S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index (USD)
Shares Outstanding
as of Dec 10, 2024
19,650,000
Premium/Discount
as of Dec 10, 2024
0.13%
Closing Price
as of Dec 10, 2024
25.57
30 Day Median Bid/Ask Spread
as of Dec 10, 2024
0.04%
Fund Launch Date
Apr 02, 2019
Asset Class
Fixed Income
Bloomberg Index Ticker
SPMDC26
Distribution Frequency
Monthly
CUSIP
46435U259
30 Day Avg. Volume
as of Dec 10, 2024
56,183.00
Daily Volume
as of Dec 10, 2024
69,015.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Dec 10, 2024
1,414
30 Day SEC Yield
as of Dec 09, 2024
2.65%
Standard Deviation (3y)
as of Oct 31, 2024
4.39%
Tax Equiv. SEC Yield
as of Dec 09, 2024
4.48%
Weighted Avg Maturity
as of Dec 10, 2024
1.41 yrs
Convexity
as of Dec 10, 2024
0.02
Equity Beta (3y)
as of Oct 31, 2024
0.16
12m Trailing Yield
as of Dec 09, 2024
2.12%
Average Yield to Maturity
as of Dec 10, 2024
2.70%
Weighted Avg Coupon
as of Dec 10, 2024
4.94
Effective Duration
as of Dec 10, 2024
1.34 yrs
Option Adjusted Spread
as of Dec 10, 2024
12.96 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 Dec 10, 2024
Issuer Weight (%)
CALIFORNIA (STATE OF) 3.42
CONNECTICUT (STATE OF) 2.02
ILLINOIS (STATE OF) 1.84
WISCONSIN (STATE OF) 1.71
DORMITORY AUTHORITY OF STATE OF NEW YORK 1.62
Issuer Weight (%)
NEW YORK CITY OF 1.60
NEW YORK CITY TRANSITIONAL FIN AUTH 1.52
WASHINGTON (STATE OF) 1.41
PENNSYLVANIA (COMMONWEALTH OF) 1.23
MASSACHUSETTS (COMMONWEALTH OF) 1.23
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 Dec 10, 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 Dec 10, 2024

% of Market Value

Type Fund
as of Dec 10, 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 Dec 10, 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.

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 Dec 10, 2024) used in the calculation is $25.54. The value you enter should correspond to your estimated market purchase price as of Dec 10, 2024.
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 Average Yield to Maturity shown is the weighted average yield to maturity of the individual bonds. During the final year of the fund's life, the underlying bonds will mature and the proceeds will be held in cash equivalents until the liquidation of the fund. The investor's total realized yield to fund maturity will be influenced by the yield earned on these proceeds during the final year. If the future yield on cash equivalents is lower than the current Average Yield to Maturity for the portfolio’s bonds, the realized yield to fund maturity is also expected to be lower and vice versa.

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.

The Estimated Net Acquisition Yield is an annualized number. For periods less than one year, the yield adjustment will be magnified for a given change in price. This effect will increase as the fund approaches maturity.

Literature

Literature

 

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