iShares iBonds Dec 2022 Term Muni Bond ETF (IBMK)
iShares iBonds Dec 2022 Term Muni Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $25.91, up 0.08% on the session, giving a market capitalisation of $387.3M. Its beta of 0.10 implies it has historically moved less than the broad market.
This fund's primary objective is to mirror the performance of its underlying benchmark index. To achieve this, it commits to allocating at least 80% of its capital directly to the index's constituent securities. Furthermore, a minimum of 90% of its portfolio will consist of fixed-income instruments—carefully selected by BFA to resemble the types included in the benchmark—to ensure accurate tracking. These specific investment mandates are suspended only during the fund's concluding months of operation.
iShares iBonds Dec 2022 Term Muni Bond ETF is most often compared with the following Financial Services names: