Fund Description
The iShares iBonds Dec 2024 Term Muni Bond ETF seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after December 31, 2023 and before December 2, 2024. The Fund seeks to track the investment results of the S&P AMT-Free Municipal Series Dec 2024 Index (the Underlying Index ), which measures the performance of investment-grade (as determined by S&P Dow Jones Indices LLC (the Index Provider or SPDJI )), non-callable U.S. municipal bonds maturing in 2024. The Underlying Index includes municipal bonds primarily from issuers that are state or local governments or agencies such that the interest on the bonds is exempt from U.S. federal income taxes. Each bond must have a rating of at least BBB- by S&P Global Ratings, Baa3 by Moody s Investors Service, Inc., or BBB-by Fitch Ratings, Inc. and must have a minimum maturity par amount of $2 million to be eligible for inclusion in the Underlying Index.
Fund Profile
Fund Name iShares iBonds Dec 2024 Term Muni Bond ETF
Fund Exchange Ticker IBMM
Fund Sponsor Blackrock (iShares)
Fund ISIN US46435U6973
Net Expense Ratio 0.18 %
Fund Inception Date 20 March 2018
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name S&P AMT-Free Municipal Series Dec 2024 Index
Index Provider S&P DJ Indices
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Specific Maturity Year
Bond Currency Denomination USD
Key Statistics
Return As of Date 23 November 2022
Asset Under Management 536.35 Million (USD)
1 Month Total Return 1.14 %
Year To Date Return -3.59 %
1 Year Total Return -3.65 %
3 Year Annualized Total Return 0.05 %
NAV 25.7243
Share Outstanding 20,850,000
Top 10 Holdings (25 November 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
LOUISIANA STATE BOND 9.941476592286256e-05
NEW YORK N Y BOND 9.932205878348411e-05
NORTH TEX MUN WTR DIST UPPER E BOND 9.924370869758613e-05
WAYNE CNTY MI ARPT AU BOND 9.884180418623052e-05
MOBILE CNTY ALA BOND 9.835163727096513e-05
LOS ANGELES DEPT WTR BOND 9.827321279618902e-05
NEW HAMPSHIRE ST HLTH BOND 9.800838839002068e-05
NEW YORK BOND 9.79777029777891e-05
HENRICO CNTY VA BOND 9.796221149391705e-05