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ETFs

iShares iBonds Dec 2024 Term Muni Bond ETF

IBMM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 20 2018
Expense Ratio
0.18%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,654,149
AUM
$503,544,618
Associated Index
S&P AMT-Free Municipal Series Dec 2024 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
WASHINGTON SUBN SAN DIST MD
1.01%
n/a
Los Angeles 5 % Bonds 2015-1.8.31 Ref Series A
0.86%
n/a
DELAWARE RIV PORT AUTH PA & NJ
0.70%
n/a
NORTH CAROLINA ST
0.66%
n/a
NEW JERSEY ST
0.65%
n/a
CALIFORNIA ST
0.62%
n/a
TEXAS TRANSN COMMN ST HWY FD R
0.61%
n/a
FORSYTH CNTY GA SCH DIST
0.61%
n/a
LEANDER TEX INDPT SCH DIST
0.55%
n/a
DALLAS TEX AREA RAPID TRAN SAL
0.51%
Invest with IBMM

What is IBMM?

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.

ETFs related toIBMM

ETFs correlated to IBMM include IBMN, IBMO, IBMP

IBMM
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2024 Term Muni Bond ETF
IBMN
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2025 Term Muni Bond ETF
IBMO
iShares Trust - iShares iBonds Dec 2026 Term Muni Bond ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
XBIL
Rbb Fund Inc - US Treasury 6 Month Bill ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
FSMB
First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIBMM

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with IBMM using Composer

FAQ

IBMM is a US Bonds ETF. 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.

IBMM tracks the S&P AMT-Free Municipal Series Dec 2024 Index.

No, IBMM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IBMM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IBMM is 0.0015%. This is the percent change in the value of IBMM over the most recent 1-month period. The 3-month return on IBMM is 0.0024%. This is the percent change in the value of IBMM over the most recent 3-month period.

The standard deviation of IBMM for the past year is 0.0169%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IBMM include HYD, CMF, and MUB.

ETFs correlated to IBMM include IBMN, IBMO, and IBMP.

ETFs that are inversely correlated to IBMM include PST, TBX, and CTA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.