05/01/2024 | Press release | Distributed by Public on 05/01/2024 12:40
Summary Prospectus
|
Shareholder Fees
(fees paid directly from your investment)
|
Investor P
Shares
|
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
4.00%
|
|
Maximum Deferred Sales Charge (Load) (as a percentage of offering price or redemption proceeds, whichever is
lower)
|
None1
|
|
Annual Fund Operating Expenses
(expenses that you pay each year as a
percentage of the value of your investment)
|
Investor P
Shares
|
|
Management Fee2
|
0.10%
|
|
Distribution and/or Service (12b-1) Fees
|
0.25%
|
|
Other Expenses
|
0.15%
|
|
Total Annual Fund Operating Expenses
|
0.50%
|
|
Fee Waivers and/or Expense Reimbursements2,3
|
-
|
|
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements2,3
|
0.50%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Investor P Shares
|
$449
|
$554
|
$669
|
$1,003
|
For the periods ended 12/31/23
Average Annual Total Returns
|
1 Year
|
5 Years
|
10 Years
|
iShares Municipal Bond Index Fund - Investor P Shares
|
|||
Return Before Taxes
|
2.07
%
|
1.14
%
|
2.25
%
|
Return After Taxes on Distributions
|
2.07
%
|
1.06
%
|
2.20
%
|
Return After Taxes on Distributions
and Sale of Fund Shares
|
2.29
%
|
1.41
%
|
2.31
%
|
ICE BofA US Municipal Securities Index
(Reflects no deduction for fees, expenses or taxes)
|
6.50
%
|
2.27
%
|
3.12
%
|
Portfolio Manager
|
Portfolio Manager of the Fund Since
|
Title
|
James Mauro
|
2018
|
Managing Director of BlackRock, Inc.
|
Karen Uyehara
|
2020
|
Managing Director of BlackRock, Inc.
|
Minimum Initial Investment
|
$1,000 for all accounts except:
•$50, if establishing an Automatic Investment Plan.
•There is no investment minimum for employer-sponsored retirement plans (not
including SEP IRAs, SIMPLE IRAs or SARSEPs).
•There is no investment minimum for certain fee-based programs.
|
Minimum Additional Investment
|
$50 for all accounts (with the exception of certain employer-sponsored retirement plans
which may have a lower minimum).
|