iShares Large Cap Municipal Bond ETF (SMAX)
BATS BATS Primary Summary
SMAX Chart
iShares Large Cap Municipal Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Jeff Ameen Spire Wealth Management | 7,198 | $194,021.82 | $201,345.34 | $7,323.52 | 3.77% |
 Matthew Liebman Amplius Wealth Advisors LLC | 48,101 | $1.25M | $1.34M | $90,901.27 | 7.26% |
| BP Brett Pohl Kingdom Financial Group LLC | 1 | $26.96 | $27.97 | $1.01 | 3.75% |
 Christopher C. Powers Farther Finance Advisors, LLC | 7,488 | $201,285 | $209,138.34 | $7,853.34 | 3.9% |
 James Eric Maxwell Maxwell Wealth Strategies Inc. | 13,994 | $352,636 | $391,272.24 | $38,636.24 | 10.96% |
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iShares Large Cap Municipal Bond ETF Profile
| BATS Exchange | US Country |
Overview
The provided company description outlines a financial fund that focuses on investing in high-quality securities with superior characteristics compared to their peers, specifically within the same Global Industry Classification Standard (GICS®) sectors. The strategy involves covering approximately 50% of the market capitalization within each country in the parent index, aiming at capturing a broad yet refined slice of the market while prioritizing securities that meet its high-quality criteria. The fund has a policy to invest a minimum of 80% of its assets directly into the securities that comprise its underlying index, indicating a strong commitment to closely tracking the index's performance. It is noted to be non-diversified, suggesting a potential concentration in fewer holdings that the fund management believes are of high quality.
Products and Services
- High-Quality Securities Investment
This service involves the selection and investment in securities that demonstrate higher quality characteristics compared to their peers. The selection is based within the corresponding GICS® sectors and is aimed at covering around 50% of the market capitalization within each country in the parent index. This approach seeks to ensure that the investments are not only of high quality but also representative of significant market segments, offering potential for stable returns based on the quality of the holdings.
- Minimum 80% Investment Commitment
The fund commits to investing at least 80% of its assets in the component securities of its index. This high level of investment in the index's securities is indicative of the fund's strategy to closely mirror the index's performance. Such an investment stance allows the fund to maintain a focused approach while leveraging the performance of the selected high-quality securities within the parent index.
- Non-Diversified Fund Structure
The non-diversified nature of the fund indicates a strategic choice to concentrate investments in a smaller number of selected securities. This focus on fewer holdings is driven by the confidence in the chosen high-quality characteristics of these investments, which are expected to outperform peers within their sectors. While this approach may involve higher volatility and risk compared to more diversified portfolios, it also offers the potential for higher returns from the concentrated high-quality assets.
