About BIDAX
iShares Municipal Bond Index Fund Investor A Shares is an open-end mutual fund specializing in U.S. municipal bonds. Its primary objective is to deliver total returns that reflect the aggregate performance of the municipal bond market by investing at least 80% of its assets in a diversified mix of investment-grade municipal securities. By focusing on municipal bonds, the fund offers investors exposure to debt issued by states, cities, and other local entities, often supporting infrastructure, public projects, and essential services. The fund’s portfolio is broadly diversified across sectors such as general obligation, education, healthcare, and transportation, with credit quality typically concentrated in high-grade and investment-grade securities. Managed by BlackRock, the fund seeks to provide core tax-exempt fixed income exposure, making it a key instrument for investors seeking to manage interest rate risk and generate income exempt from federal taxes. With a below-average expense ratio and consistent management, iShares Municipal Bond Index Fund Investor A Shares plays a significant role in the U.S. municipal bond market, serving individuals and institutions looking to allocate capital to high-quality municipal debt instruments.
Fund Family BlackRock
Category Muni National Long
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol BIDAX
Index ICE BofA Municipal Master TR
BIDAX had a total return of -2.50% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.63%.
