iShares iBonds Dec 2021 Term Muni Bond ETF

Frequently Asked Questions About IBMJ

What does IBMJ invest in?

The investment seeks to track the investment results of the S&P AMT-Free Municipal Series Dec 2021 IndexTM, which measures the performance of investment-grade, non-callable U.S. municipal bonds maturing in 2021. The fund generally will invest at least 90% of its assets in the component securities of the underlying index, and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index, but which BFA believes will help the fund track the underlying index.

What is the expense ratio of IBMJ?

iShares iBonds Dec 2021 Term Muni Bond ETF (IBMJ) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IBMJ?

iShares iBonds Dec 2021 Term Muni Bond ETF (IBMJ) manages $302.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is IBMJ actively managed or an index fund?

IBMJ is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (IBMJ's is 0.18%) because there's no security selection cost.

When was IBMJ launched?

iShares iBonds Dec 2021 Term Muni Bond ETF (IBMJ) launched in September 2015 and is managed by IShares.

How has IBMJ performed?

IBMJ's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.