iShares iBonds Dec 2024 Term Muni Bond ETF
IBMM
Chicago Board Options Exchange- -
USD
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- -
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
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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
- DE United States of America
- IPO Date
- Mar 22, 2018
- CIK
- 0001100663
- Similar Companies
- Business
- iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) is an exchange-traded fund that 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; specifically, the S&P AMT-Free Municipal Series Dec 2024 Index. The fund provides exposure to a portfolio of municipal securities issued by entities such as state governments, local authorities, universities, transportation commissions, utilities, and school districts, including top holdings like Connecticut ST Health & Edl FA, University Calif Revs, Pennsylvania ST TPK Commn TPK, Massachusetts Dept Transn MET, and Orlando Fla Utils Commn Util S; it offers tax-exempt income potential, monthly distributions, and liquidity through trading on the Cboe BZX exchange, with an expense ratio of 0.18%. Launched on March 20, 2018, IBMM operates within the national municipal bond segment, targeting investors seeking defined-maturity strategies to manage interest rate risk and build bond ladders; as of late 2024, it held approximately 485 positions with net assets around $392 million and a weighted average maturity of 0.04 years. The ETF is managed and distributed by BlackRock under the iShares brand, with headquarters in New York, and focuses primarily on U.S. domestic issuers across various states including California, Pennsylvania, Massachusetts, New York, and Texas. In a major operational change, IBMM neared its final distribution and termination process in December 2024, with the last trading day on December 2, 2024, final NAV calculation on December 2, 2024, and liquidation on December 5, 2024; as bonds matured leading up to termination, the portfolio transitioned to cash and cash-like instruments, enabling shareholders to receive liquidation proceeds shortly thereafter, consistent with the predefined maturity design of iBonds ETFs. No recent partnerships, acquisitions, funding rounds, or new product launches were reported for the fund in the prior 1-2 years.