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Trending ETFs

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.02

$249 M

2.96%

$0.33

0.27%

Vitals

YTD Return

0.0%

1 yr return

3.4%

3 Yr Avg Return

-0.8%

5 Yr Avg Return

1.1%

Net Assets

$249 M

Holdings in Top 10

9.8%

52 WEEK LOW AND HIGH

$11.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.27%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.02

$249 M

2.96%

$0.33

0.27%

BIDKX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.45%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Municipal Bond Index Fund
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    Jun 11, 2018
  • Shares Outstanding
    N/A
  • Share Class
    K
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the Underlying Index, which tracks the performance of U.S. dollar denominated investment grade tax-exempt debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market. Qualifying securities must have at least one year remaining term to final maturity, at least 18 months to final maturity at the time of issuance, a fixed coupon schedule and an investment grade rating (based on an average of Moody’s, S&P and Fitch). Minimum size requirements vary based on the initial term to final maturity at time of issuance. The Underlying Index contains 1,742 issuers as of March 31, 2024 and was created on December 31, 1988.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund generally invests at least 80% of its assets, plus the amount of any borrowings for investment purposes, in securities or other financial instruments that are components of or have economic characteristics similar to the securities in the Underlying Index. The Fund may invest a portion of the remainder of its assets in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index.
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BIDKX - Performance

Return Ranking - Trailing

Period BIDKX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -3.1% 17.0% 81.81%
1 Yr 3.4% -2.3% 29.9% 63.33%
3 Yr -0.8%* -11.1% 2.9% 36.84%
5 Yr 1.1%* -6.4% 1102.0% 28.35%
10 Yr N/A* -0.6% 248.4% 41.21%

* Annualized

Return Ranking - Calendar

Period BIDKX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -1.4% 41.0% 23.84%
2022 -11.1% -39.7% 0.3% 44.78%
2021 -1.0% -5.6% 6.9% 73.87%
2020 2.2% -2.6% 310.0% 25.29%
2019 3.7% 0.0% 26.0% 52.03%

Total Return Ranking - Trailing

Period BIDKX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -3.1% 17.0% 81.81%
1 Yr 3.4% -2.3% 29.9% 63.33%
3 Yr -0.8%* -11.1% 2.9% 36.84%
5 Yr 1.1%* -6.4% 1102.0% 28.35%
10 Yr N/A* -0.6% 248.4% 39.47%

* Annualized

Total Return Ranking - Calendar

Period BIDKX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -1.3% 41.0% 21.82%
2022 -8.4% -39.7% 1.1% 40.42%
2021 1.9% -4.8% 23761504.0% 43.15%
2020 4.8% -1.5% 17057.9% 19.99%
2019 7.6% 0.2% 3514.6% 20.32%

NAV & Total Return History


BIDKX - Holdings

Concentration Analysis

BIDKX Category Low Category High BIDKX % Rank
Net Assets 249 M 3.22 M 71.9 B 64.69%
Number of Holdings 272 2 13067 43.53%
Net Assets in Top 10 24.4 M -317 M 3.56 B 83.04%
Weighting of Top 10 9.80% 2.0% 100.2% 82.51%

Top 10 Holdings

  1. BlackRock Liquidity Funds: MuniCash, Institutional Shares 1.42%
  2. DENVER CITY CNTY CO ARPT REVENUE 1.35%
  3. NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE 1.07%
  4. GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT 0.98%
  5. WASHINGTON ST HLTH CARE FACS AUTH 0.88%
  6. SAN DIEGO CA UNIF SCH DIST 0.87%
  7. OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE 0.85%
  8. NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 0.82%
  9. PORT AUTH OF NEW YORK NEW JERSEY NY 0.81%
  10. N TX TOLLWAY AUTH REVENUE 0.76%

Asset Allocation

Weighting Return Low Return High BIDKX % Rank
Bonds
98.10% 0.00% 150.86% 62.99%
Cash
1.90% -50.86% 46.80% 35.87%
Stocks
0.00% 0.00% 99.81% 92.01%
Preferred Stocks
0.00% 0.00% 0.56% 91.10%
Other
0.00% -3.18% 33.35% 86.42%
Convertible Bonds
0.00% 0.00% 0.93% 91.06%

Bond Sector Breakdown

Weighting Return Low Return High BIDKX % Rank
Municipal
99.33% 44.39% 100.00% 33.40%
Cash & Equivalents
1.42% 0.00% 46.24% 26.58%
Derivative
0.00% -3.18% 19.67% 86.09%
Securitized
0.00% 0.00% 5.93% 91.65%
Corporate
0.00% 0.00% 9.41% 92.76%
Government
0.00% 0.00% 52.02% 91.78%

Bond Geographic Breakdown

Weighting Return Low Return High BIDKX % Rank
US
98.10% 0.00% 142.23% 60.62%
Non US
0.00% 0.00% 23.89% 93.37%

BIDKX - Expenses

Operational Fees

BIDKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.27% 0.01% 20.65% 95.64%
Management Fee 0.10% 0.00% 1.20% 2.79%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% 16.67%

Sales Fees

BIDKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

BIDKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BIDKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 283.00% 11.80%

BIDKX - Distributions

Dividend Yield Analysis

BIDKX Category Low Category High BIDKX % Rank
Dividend Yield 2.96% 0.00% 14.51% 41.43%

Dividend Distribution Analysis

BIDKX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

BIDKX Category Low Category High BIDKX % Rank
Net Income Ratio 2.45% -0.53% 5.33% 21.43%

Capital Gain Distribution Analysis

BIDKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

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BIDKX - Fund Manager Analysis

Managers

James Mauro


Start Date

Tenure

Tenure Rank

May 31, 2018

4.0

4.0%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Karen Uyehara


Start Date

Tenure

Tenure Rank

Dec 03, 2020

1.49

1.5%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58