Fixed Income

BIDAX

iShares Municipal Bond Index Fund

  • NAV as of Aug 07, 2025 $10.73
    52 WK: 10.44 - 11.24
  • 1 Day NAV Change as of Aug 07, 2025 0.01 (0.09%)
  • NAV Total Return as of Aug 08, 2025 YTD: -0.50%

Overview

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Performance

Performance

  1y 3y 5y 10y
Total Return (%) 0.46 2.13 0.19 1.81
Benchmark (%) 1.01 2.53 0.55 2.25
Morningstar Category Avg. (%) -0.05 2.41 0.37 2.02
Morningstar Ranking 43/166 113/165 106/157 75/115
Morningstar Quartile 2 3 3 3
Lipper Ranking 136/297 206/287 187/270 125/195
Lipper Quartile 2 3 3 3
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) -0.94 0.73 -0.32 0.46 6.53 0.96 19.62
Benchmark (%) -0.63 0.76 -0.13 1.01 7.78 2.79 24.96
Morningstar Category Avg. (%) -1.45 0.63 -0.84 -0.05 7.42 1.86 22.10
  2020 2021 2022 2023 2024
Total Return (%) 4.70 1.36 -8.84 6.21 0.95
Benchmark (%) 5.26 1.83 -9.04 6.50 1.58
Morningstar Category Avg. (%) 5.36 2.88 -11.88 6.97 2.34

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The Fund’s returns prior to November 19, 2018 reflect the performance of the State Farm Tax Advantaged Bond Fund (the “Predecessor Fund”). Effective November 19, 2018, the Fund adopted the performance of the Predecessor Fund as a result of a reorganization in which the Fund acquired all of the assets and assumed certain stated liabilities of the Predecessor Fund. Performance shown is based on the investment objective and investment strategies utilized by the Predecessor Fund, which differed from those of the Fund. The Predecessor Fund was managed by a different investment adviser and had a different portfolio management team from that of the Fund. For periods prior to November 19, 2018, Investor A Shares adopted the performance of Premier Shares of the Predecessor Fund.

 

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Key Facts

Key Facts

Net Assets
as of Aug 07, 2025
$15,541,052
Share Class launch date
Nov 16, 2018
Benchmark Index
ICE BofA US Municipal Securities Index (USD)
Morningstar Category
Muni National Long
CUSIP
09258N356
Open to New Investors
Yes
Net Assets of Fund
as of Aug 07, 2025
$210,803,632
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
Gen & Ins Muni Debt Fds
Max Offer Price
as of Aug 07, 2025
$10.73
Turnover Percent in the Annual Report
as of Dec 31, 2024
37%

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Jul 31, 2025
313
Alpha (3y)
as of Jul 31, 2025
-0.03
R-Squared (3y)
as of Jul 31, 2025
99.85
Beta (3y)
as of Jul 31, 2025
1.01
Unsubsidized 30-Day SEC Yield
as of Jun 30, 2025
3.08%
Effective Duration
as of Jul 31, 2025
7.32 yrs
WAL to Maturity
as of Jul 31, 2025
13.55 yrs
Worst 3-Month Return Over the Last 3 Years
3 months ending Oct 31, 2022
-6.81%
30 Day SEC Yield
as of Jun 30, 2025
3.68%
Yield to Maturity
as of Jul 31, 2025
4.36%
Fund Standard Deviation (3y)
as of Jul 31, 2025
7.08
Average Coupon
as of Jul 31, 2025
4.51%
Yield to Worst
as of Jul 31, 2025
4.15%
WAL to Worst
as of Jul 31, 2025
10.03 yrs
Best 3-Month Return Over the Last 3 Years
3 months ending Jan 31, 2024
8.78%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.58%
Net Expense Ratio 0.50%

Net Expense Ratio excluding Investment Related Expenses is 0.50%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Medalist Rating

Morningstar Medalist Rating - BRONZE
Morningstar has awarded the Fund a Bronze medal. (Effective Jun 30, 2025)
Analyst-Driven % as of Jun 30, 2025
20.00
Data Coverage % as of Jun 30, 2025
100.00

Lipper Leader

 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Jul 31, 2025 out of 285, 6,097, 287, 116 and 287 Funds, respectively in Lipper's Gen & Ins Muni Debt Fds classification.

Holdings

Holdings

as of Jul 31, 2025
Name Weight (%)
SOUTHEAST ENERGY AUTH COOP DIS 5 11/01/2035 1.12
NEW YORK TRANSN DEV CORP SPL F 5.5 12/31/2060 0.92
NEW YORK N Y 4 08/01/2040 0.84
PORT AUTH N Y & N J 5 07/15/2036 0.77
NEW JERSEY ST 4 06/01/2031 0.76
Name Weight (%)
ILLINOIS ST 5 02/01/2039 0.76
MASSACHUSETTS ST DEV FIN AGY R 5 07/01/2034 0.75
LOS ANGELES CALIF UNI SCH DIST 5 07/01/2033 0.75
NEW YORK N Y CITY TRANSITIONAL 4 07/15/2036 0.69
MASSACHUSETTS ST 4 09/01/2032 0.64
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2025

% of Market Value

Show More
as of Jul 31, 2025

% of Market Value

Allocations subject to change.
as of Jul 31, 2025

% of Market Value

as of Jul 31, 2025

% of Market Value

as of Jul 31, 2025

% of Market Value

The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

James Mauro
James Mauro
Karen Uyehara
Karen Uyehara
Managing Director, Deputy Head of Index Fixed Income

  

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Karen Uyehara, Managing Director, is the Deputy Head of Index Fixed Income (IFI) Portfolio Management in the Americas within BlackRock Global Markets & Index Investments. Ms. Uyehara's investment team is responsible for management of US based iShares and Index Funds.

 

Prior to joining BlackRock in 2010, Ms. Uyehara was a portfolio manager at Western Asset Management Company where she was responsible for the management of core and core plus portfolios. Earlier in her career, Ms. Uyehara worked at Pacific Investment Management Company (PIMCO), BGI and Lehman Brothers.

 

Ms. Uyehara earned a BA degree with a double major in economics and history from the University of California at San Diego and an MBA degree with a concentration in finance and investments from the University of Southern California.

Portfolio Manager

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-9694