iShares iBonds Dec 2027 Term Muni Bond ETF
$25.26−0.02 (−0.08%)
- Expense ratio
- 0.10%
- Fund size
- $671M
- 1Y return
- +1.5%
- Yield · Last 12 months
- 2.53%
- Holdings
- 1858
- Volume · 30D
- 0.1M sh
- NAV per share
- $25.27
- 52W range
The ETF.net IBMP Grade
Score 85 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 88Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 97Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 94Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 95Category rank
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
- 1,858
- 4%
- CALIFORNIA HEALTH FACS FING AU 5.00% 11/01/2027
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.
Returns run to the Sep 22, 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 | +1.3% |
| 1 month | −0.2% |
| 3 months | +0.2% |
| 1 year | +1.5% |
| 3 years | +3.3% |
| 5 years | +0.6% |
| 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 | +1.3% | |
| 2025 | +3.5% | |
| 2024 | +1.2% | |
| 2023 | +3.5% | |
| 2022 | −6.1% | |
| 2021 | −0.2% | |
| 2020 | +6.2% |
IBMP in the news
ETF.net Research hasn’t filed on IBMP yet — coverage lands here as it’s written.
IBMP Dividends
- 2.53%
- $0.64
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.06 |
| Aug 3, 2026 | Aug 6, 2026 | $0.05 |
| Jul 1, 2026 | Jul 7, 2026 | $0.05 |
| Jun 1, 2026 | Jun 4, 2026 | $0.05 |
| May 1, 2026 | May 6, 2026 | $0.05 |
| Apr 1, 2026 | Apr 7, 2026 | $0.05 |
| Mar 2, 2026 | Mar 5, 2026 | $0.06 |
| Feb 2, 2026 | Feb 5, 2026 | $0.05 |
| Dec 19, 2025 | Dec 24, 2025 | $0.05 |
| Dec 1, 2025 | Dec 4, 2025 | $0.05 |
| Nov 3, 2025 | Nov 6, 2025 | $0.05 |
| Oct 1, 2025 | Oct 6, 2025 | $0.05 |
IBMP Risk
- 2.5%
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.
- −0.57
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.
- −9.6%
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
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
No Defined-Maturity Municipal fund charges less.