IBMM

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 19 October 2018
Asset Under Management 21.15 Million (USD)
1 Month Total Return -0.45 %
Year To Date Return
1 Year Total Return
3 Year Annualized Total Return
NAV 24.88
Share Outstanding 850,000
Top 10 Holdings (18 October 2018)
Constituent Name Constituent Ticker Constituent Type Weighting
NEW YORK ST DORM-A BOND 0.0182000000
CALIFORNIA ST-REF BOND 0.0136000000
NEW YORK ST URBAN DEV CORP REV BOND 0.0107000000
ORANGE CNTY N C BOND 0.0102000000
PHOENIX AZ CIVIC IMPT BOND 0.0092000000
ILLINOIS ST-D BOND 0.0086000000
MASSACHUSETTS-H BOND 0.0082000000
MARYLAND ST-B-REF BOND 0.0081000000
ENERGY NW ELEC REV BOND 0.0079000000
NEW YORK N Y BOND 0.0070000000