When a company such as IBMF splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the IBMF split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IBMF shares, starting with a $10,000 purchase of IBMF, presented on a split-history-adjusted basis factoring in the complete IBMF split history.
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About IBMF

iShares 2017 S&P AMT-Free Municipal Series is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P AMT-Free Municipal Series 2017 Index (the Index). The Index measures the performance of investment-grade United States municipal bonds maturing in 2017. The Index includes municipal bonds primarily from issuers that are state or local governments or agencies. The Fund will invest in AMT-Free, investment grade, noncallable national municipal bond debt. As of Mar 31 2015, the Fund's total assets were $151,201,021 and the Fund's investment portfolio was valued at $149,695,200. According to our IBMF split history records, IBMF has had 1 split.

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