iShares US Aggregate Bond Index Instl

Frequently Asked Questions About BMOIX

What does BMOIX invest in?

This investment vehicle functions as a "feeder" fund, committing its entire pool of assets to the Master Portfolio of MIP. That Master Portfolio pursues the same investment objectives and employs the identical strategies as this fund. Under typical market conditions, at least 90% of the fund's overall value—inclusive of any capital obtained through borrowing for investment purposes—will be allocated to the components of the Bloomberg U.S. Aggregate Index.

What is the expense ratio of BMOIX?

iShares US Aggregate Bond Index Instl (BMOIX) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations.

What is BMOIX's dividend yield?

BMOIX's trailing-twelve-month yield is 4.02%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BMOIX?

Effective duration measures BMOIX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BMOIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BMOIX?

BMOIX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BMOIX?

Yield to maturity (YTM) is the total return you'd earn from BMOIX if every bond in the portfolio is held to maturity at the current price. BMOIX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.