iShares iBonds Dec 2027 Term Muni Bond ETF
$25.23+0.02 (+0.08%)
- 0.10%
- $682M
- +1.8%
- 2.54%
- 0.1M sh
- $25.20
- low $25.18high $25.55
The ETF.net IBMP Grade
A
Score 86 out of 100
- 2 of 32
Score 86 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A87 out of 100Rank 1 of 32Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B62 out of 100Rank 8 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A88 out of 100Rank 2 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A84 out of 100Rank 2 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A95 out of 100Rank 1 of 32
Our read on IBMP
AA single rung of a muni ladder in one ticker: investment-grade bonds that all mature in 2027, tax-exempt income paid monthly along the way, and a defined end date instead of a fund that rolls on forever.
The fund seeks to track an index of investment-grade municipal bonds maturing in 2027. It is designed to provide tax-exempt income, support bond-ladder construction, and manage interest-rate risk through a defined maturity.
Why people hold it
- Built to act like a bond, not a bond fund: the portfolio matures in 2027 and the whole design points at that date, which is what makes ladder-building possible with one trade.ishares.com
- 0.10% a year, right at the typical target-maturity bond fund, and it tracks an AMT-free index, so the tax-exempt income isn't pulled back in by the alternative minimum tax.
- Roughly 1,800 municipal bonds, so no single issuer carries the fund. That spread is hard to replicate buying individual munis one CUSIP at a time.
- Income lands monthly, and this 2027 rung has been running since 2019, so it isn't a fresh launch built for the moment.
Worth knowing
- The 0.10% fee is the category median, not a discount. Treasury and corporate rungs like IBTJ (0.07%) and VBCB (0.08%) cost less, though neither pays tax-exempt muni income.
- The tax exemption is the entire pitch, and it does no work inside an IRA or 401(k), where the income is already sheltered.
- Trading is moderate rather than heavy, so order size and timing matter more here than in the most heavily traded bond ETFs.
IBMP Holdings
- Bonds
- 1,861
- 5%
- BlackRock Liq Municash Class Ins Mmf
Geography
- United States100.00%
IBMP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
IBMP$10,183
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IBMP |
|---|---|
| Year to date | +1.2% |
| 1 month | −0.2% |
| 3 months | −0.1% |
| 1 year | +1.8% |
| 3 years | +3.4% |
| 5 years | +0.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IBMP |
|---|---|---|
| 2026 YTD | +1.2% | |
| 2025 | +3.5% | |
| 2024 | +1.2% | |
| 2023 | +3.5% | |
| 2022 | −6.1% | |
| 2021 | −0.2% | |
| 2020 | +6.2% |
IBMP in the news
IBMP Dividends
- 2.54%
- $0.64
- $0.06 per share
- Monthly
Distribution history
IBMP Risk
- 2.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.45
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −9.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.40
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IBMP Cost
0.10%
IBMP0.10%
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
No Defined-Maturity Municipal fund charges less.
Other funds in Defined-Maturity Municipal
- AIBMQiShares iBonds Dec 2028 Term Muni Bond ETFExpense ratio 0.10%1 year return +0.9%
- AIBMOiShares iBonds Dec 2026 Term Muni Bond ETFExpense ratio 0.10%1 year return +2.5%
- AIBMRiShares iBonds Dec 2029 Term Muni Bond ETFExpense ratio 0.10%1 year return +0.1%
- AIBMTiShares Trust - iShares iBonds Dec 2031 Term Muni Bond ETFExpense ratio 0.10%1 year return −1.7%
- BBSMRInvesco BulletShares 2027 Municipal Bond ETFExpense ratio 0.18%1 year return +1.0%