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Fixed Income
You can trade this ETF now.
BIDIX
iShares Municipal Bond Index Fund
NAV as of Dec 24, 2025
$11.01
52 WK: 10.44 - 11.08
1 Day NAV Change as of Dec 24, 2025
$0.00
(0.00%)
NAV Total Return as of Dec 24, 2025
YTD:
3.55%
SILVER
Overview
Investment Approach
Seeks to provide investment results that correspond to the total return performance of fixed-income securities in the aggregate, as represented by the ICE BofAML U.S. Municipal Securities Index.
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, 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).
Click here for historical distribution data and here for upcoming distribution estimates
Key Facts
Key Facts
Net Assets
as of Dec 24, 2025
$31,971,448
Share Class launch date
Nov 16, 2018
Benchmark Index
ICE BofA US Municipal Securities Index (USD)
Lipper Classification
Gen & Ins Muni Debt Fds
Max Offer Price
as of Dec 24, 2025
$11.01
Turnover Percent in the Annual Report
as of Dec 31, 2024
37.00%
Net Assets of Fund
as of Dec 24, 2025
$212,405,513
Asset Class
Fixed Income
Morningstar Category
Muni National Long
CUSIP
09258N349
Open to New Investors
Yes
Portfolio Characteristics
Portfolio Characteristics
Number of Holdings
as of Nov 28, 2025
362
Alpha (3y)
as of Nov 30, 2025
-0.02
R-Squared (3y)
as of Nov 30, 2025
99.87
Beta (3y)
as of Nov 30, 2025
1.02
Unsubsidized 30-Day SEC Yield
as of Nov 28, 2025
3.55%
WAL to Worst
as of Nov 28, 2025
8.18 yrs
Effective Duration
as of Nov 28, 2025
6.87 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2023
-5.39%
30 Day SEC Yield
as of Nov 28, 2025
3.56%
Yield to Maturity
as of Nov 28, 2025
4.09%
Fund Standard Deviation (3y)
as of Nov 30, 2025
6.05
Average Coupon
as of Nov 28, 2025
4.54%
Yield to Worst
as of Nov 28, 2025
3.77%
WAL to Maturity
as of Nov 28, 2025
13.75 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
8.95%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.
Fees
Fees
as of current prospectus
Gross Expense Ratio
0.29%
Net Expense Ratio
0.25%
Net Expense Ratio excluding Investment Related Expenses is 0.25%
Acquired Fund Fees and Expenses
0.00%
Interest expense
0.00%
Ratings
Ratings
Morningstar Medalist Rating
Morningstar has awarded the Fund a Silver medal. (Effective Oct 31, 2025)
Analyst-Driven %
as of Oct 31, 2025
20.00
Data Coverage %
as of Oct 31, 2025
100.00
Lipper Leader
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Sep 30, 2025 out of 285, 6,065, 285, 116 and 285 Funds, respectively in Lipper's Gen & Ins Muni Debt Fds classification.
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. 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.
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
James Mauro
Jonathan Graves
Marcus Tom
Portfolio Manager
This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.
