iShares Municipal Bond Index Fund (BIDIX)
| Fund Assets | 213.83M |
| Expense Ratio | 0.25% |
| Min. Investment | $2,000,000 |
| Turnover | 37.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.25% |
| Dividend Growth | 10.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 11.05 |
| YTD Return | 1.74% |
| 1-Year Return | 2.42% |
| 5-Year Return | 3.59% |
| 52-Week Low | 10.44 |
| 52-Week High | 11.21 |
| Beta (5Y) | n/a |
| Holdings | 308 |
| Inception Date | Nov 16, 2018 |
About BIDIX
The iShares Municipal Bond Index Fund Institutional is an open-end mutual fund focused on tracking the performance of investment-grade U.S. municipal bonds. Its principal objective is to provide investment results that correspond to the total return of the ICE BofA U.S. Municipal Securities Index, capturing the broad U.S. municipal debt market composed of tax-exempt bonds issued by states, municipalities, and local governments. The fund primarily invests in high credit quality bonds, with a significant portion rated AA or higher, and provides diversified exposure across various sectors such as state and local tax-backed obligations, dedicated tax, education, health, and infrastructure projects. By holding a wide range of maturities and geographic issuers, the fund offers investors access to cash flow from municipal bond interest payments that are typically exempt from federal income tax. With a low expense ratio, the iShares Municipal Bond Index Fund Institutional plays a significant role for institutional investors seeking broad, passive exposure to the U.S. municipal bond market while aiming to match the risk and return profile of its benchmark index.
Performance
BIDIX had a total return of 2.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.19%.
Top 10 Holdings
8.07% of assets| Name | Symbol | Weight |
|---|---|---|
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV | AL.SEEPWR 5 11.01.2035 | 1.13% |
| NEW YORK TRANSN DEV CORP SPL FAC REV | NY.NYTTRN 5.5 12.31.2060 | 0.93% |
| NEW YORK N Y | NY.NYC 4 08.01.2040 | 0.83% |
| PORT AUTH N Y & N J | NY.PORTRN 5 07.15.2036 | 0.79% |
| NEW JERSEY ST | NJ.NJS 4 06.01.2031 | 0.77% |
| UNIVERSITY CALIF REVS | CA.UNVHGR 5 05.15.2045 | 0.76% |
| LOS ANGELES CALIF UNI SCH DIST | CA.LOSSCD 5 07.01.2033 | 0.76% |
| ILLINOIS ST | IL.ILS 5 02.01.2039 | 0.75% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH BLDG AID REV | NY.NYCFAC 4 07.15.2036 | 0.70% |
| MASSACHUSETTS ST | MA.MAS 4 09.01.2032 | 0.65% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.03138 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03031 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03027 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03044 | Jun 30, 2025 |
| May 30, 2025 | $0.03023 | May 30, 2025 |
| Apr 30, 2025 | $0.03063 | Apr 30, 2025 |