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IBMM - Dec 2024 Term Muni Bond Ishares Ibonds ETF

Dec 2024 Term Muni Bond Ishares Ibonds ETF logoiShares iBonds Dec 2024 Term Muni Bond ETF is an exchange-traded fund (ETF) that seeks to track the investment results of an index composed of US dollar-denominated, investment-grade municipal bonds maturing in 2024. The ETF is managed by BlackRock Fund Advisors and was first launched in October 2017.

Expense Ratio: The expense ratio for iShares iBonds Dec 2024 Term Muni Bond ETF is 0.18%, which is considered low for municipal bond ETFs.

The ETF provides exposure to a diversified portfolio of investment-grade municipal bonds with a fixed maturity date in 2024. The ETF invests in a variety of municipal bonds issued by states, cities, and other municipalities, with the aim of providing investors with a high level of tax-exempt income.

As of March 18, 2023, the ETF had a total net asset value (NAV) of approximately $95 million and held 580 different bond holdings. The ETF has a weighted average maturity of approximately 2.3 years and a weighted average yield to maturity of approximately 0.8%.

Overall, iShares iBonds Dec 2024 Term Muni Bond ETF may be appropriate for investors seeking tax-exempt income from a diversified portfolio of investment-grade municipal bonds maturing in 2024. However, investors should be aware that municipal bonds are subject to credit risk and interest rate risk, and the tax-exempt status of the income may be affected by changes in tax laws or the financial condition of the issuing municipalities. As always, it is important to conduct thorough research and consider your own investment objectives and risk tolerance before making any investment decisions.

 



 

 

 
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