IBMI

iShares iBonds Sep 2020 Term Muni Bond ETF
*Unless otherwise stated, data provided by FactSet.

IBMI Fund Description

IBMI tracks a market-value-weighted index of investment-grade AMT-Free municipal bonds that mature between June and August of 2020.

IBMI Factset Analytics Insight

This fund is closing. The last day of trading is 09/01/2020.As part of iShares' AMT-Free Muni Term ETF suite, IBMI behaves more like a bond than a typical bond fund. The fund provides bullet maturity—in this case August of 2020—instead of perpetual exposure to a maturity pocket of the muni space. As the fund ages, its maturity, duration, and YTM will continue to decline. On its target date, IBMI 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, IBMI can be used as a building block for a tax-exempted bond ladder. The fund is roughly evenly split between general obligation issues and revenue bonds. A buy-and-hold ETF more than a trading vehicle, IBMI's liquidity is only middling, with decent daily volume and sometimes sizeable spreads. Poor liquidity in the underlying muni space will make large orders difficult to execute for institutional traders. IBMI charges a reasonable fee and tracks its index closely.

IBMI 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
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Select ETFs to compare their performance:
PERFORMANCE [as of 07/09/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IBMI 0.01% 0.65% 0.44% 0.94% 1.08% 1.27% --
ticker (NAV) -0.01% 0.24% 0.47% 1.02% 1.11% 1.33% --
S&P AMT-Free Municipal Series 2020 0.02% 0.30% 0.56% 1.21% 1.35% 1.53% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IBMI Summary Data

Blackrock
iShares
08/12/14
Open-Ended Fund
0.18%
$303.31M
$977.49K
0.11%

IBMI Portfolio Data

0.52
--
1.12%
08/03/20
549

IBMI Index Data

S&P AMT-Free Municipal Series 2020
Market Value
AMT-Free
N/A

IBMI Portfolio Management

0.18%
-0.19%
-0.15%
-0.23%

IBMI Tax Exposures

20.00% / 39.60%
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Ordinary income
No

IBMI Fund Structure

Open-Ended Fund
No
N/A
80% / 20%
N/A
N/A
Closing
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

IBMI Factset Analytics Block Liquidity

As of 07/10/20
5
4
3
2
1

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

IBMI Tradability

38,329
$977.49K
24,135
$614.67K
0.11%
$0.03
-0.03%
1.20% / -1.20%
None
100.00%
50,000
0.48
0.01%
--
0
$25.49
N/A

IBMI Sector/Industry Breakdown


IBMI
Segment Benchmark
50.87%
--
44.97%
--
4.16%
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IBMI Top 10 Holdings[View All]

19.87%
2.93%
2.93%
2.93%
2.48%
2.43%
2.37%
2.34%
2.27%
2.02%
42.57%

IBMI Top 5 Countries


IBMI
Segment Benchmark
100.00%
--

IBMI Top 5 Currencies


IBMI
Segment Benchmark
100.00%
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IBMI Performance Statistics

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IBMI Holdings Statistics

0.13 years
0.52
1.12%
0.52
Low
549
0.99%

IBMI Avg Life Maturity Distribution

100.00%
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--
--
--
--
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IBMI OAS Breakdown

99.79%
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--
--
--
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0.21%