iShares iBonds Dec 2022 Term Muni Bond ETF
IBMK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Sep 1, 2015
- CIK
- 0001100663
- Similar Companies
- Business
- iShares iBonds Dec 2022 Term Muni Bond ETF (IBMK) is an exchange-traded fund that seeks to track the investment results of an index composed of investment-grade, AMT-free U.S. municipal bonds maturing between January and December 2022, providing tax-exempt income with a defined maturity structure. The fund holds a diversified portfolio of municipal bonds issued by state and local governments or agencies, exempt from U.S. federal income taxes and the federal alternative minimum tax; it employs a representative sampling technique to replicate the S&P AMT-Free Municipal Series Dec 2022 Index, with holdings concentrated in investment-grade securities rated at least BBB- by S&P or Fitch or Baa3 by Moody's, transitioning to cash and short-term instruments as bonds mature. Managed by BlackRock Fund Advisors under the iShares Trust, the ETF operates in the fixed income segment focusing on ultra-short-term national municipal bonds, targeting investors seeking predictable income, low duration risk, and liquidity through ETF trading on the NYSE Arca exchange. Launched on September 1, 2015, and domiciled in the United States with headquarters aligned to BlackRock's operations in New York, the fund fully liquidated and distributed proceeds to shareholders in late 2022 following its designed termination, as bonds reached maturity and the portfolio shifted entirely to cash equivalents. In September 2022, BlackRock announced the final distribution timeline, with trading ceasing around December 1, 2022, final NAV calculated on the same date, and liquidation completed by December 4, 2022, delivering par value returns barring credit events or early redemptions. No active trading or operations persist post-liquidation, positioning IBMK as a completed vehicle in BlackRock's pioneering iBonds ETF series, which spans multiple maturities and asset classes including treasuries, municipals, and corporate bonds.