IBMH

iShares iBonds Sep 2019 Term Muni Bond ETF
B

--
*Unless otherwise stated, data provided by FactSet.

IBMH Fund Description

IBMH tracks a market-value-weighted index of investment-grade, AMT-Free municipal bonds that mature in mid-2019.

IBMH Factset Analytics Insight

As part of iShares' AMT-Free Muni Term ETF suite, IBMH behaves more like a bond than a typical bond fund. The fund provides bullet maturity—in this case Aug, 2019—instead of perpetual exposure to a maturity pocket of the muni space. As the fund matures, its maturity, duration and YTM will continue to decline. On its target date, IBMH will unwind and return all capital to investors. Coupon payments received from underlying securities are exempted from both the federal income tax and the alternative minimum tax. As such, IBMH can be used as a building block for a tax-exempted bond ladder. IBMH is roughly evenly divided between general obligation and revenue bonds, with the remainder being comprised of a sizeable allocation to double barrel bonds. Designed more to be held than traded, IBMH's liquidity is only middling, trading in reasonable volume with manageable spreads. Underlying liquidity in the muni space is poor and large investors face challenges to good block execution. Holding costs are reasonable and predictable thanks to IBMH's reasonable fee and tight tracking.

IBMH CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IBMH 0.10% 0.29% 0.87% 1.28% 0.56% 1.02% --
IBMH (NAV) 0.09% 0.31% 0.94% 1.31% 0.57% 1.11% --
S&P AMT-Free Municipal Series 2019 0.11% 0.38% 1.06% 1.52% 0.78% 1.27% --
Bloomberg Barclays AMT-Free Short Continuous Municipal Index 1.00% 2.29% 4.60% 5.42% 2.00% 2.01% 2.55%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IBMH Summary Data

Blackrock
iShares
02/04/14
Open-Ended Fund
0.18%
$258.19M
$578.40K
0.08%

IBMH Portfolio Data

0.07
--
2.64%
08/01/19
1

IBMH Index Data

S&P AMT-Free Municipal Series 2019
Market Value
AMT-Free
Bloomberg Barclays AMT-Free Short Continuous Municipal Index

IBMH Portfolio Management

0.18%
-0.21%
-0.18%
-0.26%

IBMH Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

IBMH Fund Structure

Open-Ended Fund
No
No
80% / 20%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

IBMH Factset Analytics Block Liquidity

As of 08/16/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IBMH. IBMH is rated a N/A out of 5.

IBMH Tradability

22,744
$578.40K
22,830
$580.93K
0.08%
$0.02
-0.01%
0.15% / -0.15%
None
100.00%
50,000
0.46
0.01%
--
--
$25.44
N/A

IBMH Sector/Industry Breakdown


IBMH
Segment Benchmark
54.31%
--
39.25%
--
6.44%
--

IBMH Top 10 Holdings

1.80%
1.8%

IBMH Top 5 Countries


IBMH
Segment Benchmark
100.00%
--

IBMH Top 5 Currencies


IBMH
Segment Benchmark
100.00%
--

IBMH Performance Statistics

0.18
0.14
--
--
--

IBMH HOLDINGS STATISTICS

0.07 years
0.07
2.64%
0.07
Low
1
1.41%

IBMH AVG LIFE MATURITY DISTRIBUTION

100.00%
--
--
--
--
--
--

IBMH OAS BREAKDOWN

0.78%
3.77%
26.64%
0.73%
--
--
--
--
--
--