Fund Description |
Under normal circumstances, the Fund seeks toachieve its objective by investing at least 80% of itsassets in municipal bonds. The Fund may invest in municipal bonds rated in anyrating category or in unrated municipal bonds. Fundmanagement chooses municipal bonds that it believesoffer a relatively high potential for total return relativeto their total risk. Although the Fund may invest inmunicipal bonds in any rating category, Fundmanagement presently intends to invest the Fund sassets primarily in investment grade municipal bonds.Investment grade bonds are securities which arerated in the four highest rating categories by at leastone of the major rating agencies or determined by themanagement team to be of similar quality. Generally,the higher the rating of a bond, the higher thelikelihood that interest and principal payments will bemade on time. The Fund may also invest in non-investment grade municipal bonds (commonly called high yield or junk bonds ). |
Fund Profile |
Fund Name |
BlackRock Intermediate Muni Income Bond ETF |
Fund Exchange Ticker |
INMU |
Fund Sponsor |
Blackrock (iShares) |
Fund ISIN |
US0925282073 |
Net Expense Ratio |
0.30 % |
Fund Inception Date |
16 March 2021 |
Fund Legal Structure |
ETF (Open end fund) |
Exchange |
NYSE Arca |
Listing Country Code |
US |
Fund Investment Objective |
ETF Type Specific |
Bonds - Municipal |
Asset Class |
Bonds |
Index Linked |
Active |
Index Name |
Not Applicable |
Index Provider |
Not Applicable |
Currency Hedged |
No |
Inverse / Leveraged |
Not Applicable |
Developed / Emerging |
Developed Market Funds |
Bond Type |
Municipal |
Credit Quality |
Fund Holds Both Investment Grade & High Yield |
Average Maturity |
Intermediate (3-10) years |
Bond Currency Denomination |
USD |
Key Statistics |
Return As of Date |
28 June 2022 |
Asset Under Management |
23.49 Million (USD) |
1 Month Total Return |
-1.20 % |
Year To Date Return |
-7.39 % |
1 Year Total Return |
-6.81 % |
3 Year Annualized Total Return |
|
NAV |
23.49 |
Share Outstanding |
1,000,000 |