iShares iBonds Dec 2028 Term Muni Bond ETF
$25.21+0.04 (+0.14%)
- 0.10%
- $681M
- +0.9%
- 2.51%
- 0.1M sh
- $25.17
- low $24.97high $25.80
The ETF.net IBMQ Grade
A
Score 87 out of 100
- 1 of 32
Score 87 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.A87 out of 100Rank 3 of 32Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A94 out of 100Rank 1 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 IBMQ
AA muni ladder rung in ETF form: thousands of investment-grade bonds that mature or get called by late 2028, then the fund winds up and pays out. AMT-free index, income paid monthly.
The fund seeks to track an index of investment-grade U.S. municipal bonds that are expected to mature or be redeemed before December 2, 2028.
Why people hold it
- Acts like a single bond with a known end date: it holds munis maturing or redeemed before December 2, 2028, then terminates and distributes net assets.ishares.com
- Spreads one ladder rung across thousands of investment-grade municipal bonds, far more than a retail buyer could assemble directly, and pays monthly.
- The tracked index is AMT-free, screening out bonds whose interest counts toward the alternative minimum tax.
- Costs 0.10% a year, in line with the typical target-maturity bond fund, and this 2028 rung has been running since 2019.
Worth knowing
- Callable-adjusted by design: munis can be redeemed early, so cash can come back ahead of schedule and the final wind-up payout is not a fixed number.
- Until it terminates it trades like any bond fund, with prices moving on rates, and volume is moderate rather than heavy.
- Same 0.10% as corporate rungs like IBDU and BSCT, while Treasury rungs such as IBTJ run cheaper at 0.07%; the muni tax treatment is the reason to pay it.
IBMQ Holdings
- Bonds
- 2,938
- 4%
- New Jersey Economic Dev Auth R 5.00% 03/01/2028
Sectors
- State Tax-Backed28.2%
- Local Tax-Backed20.2%
- Utility15.9%
- School Districts13.9%
- Transportation10.5%
- Education5.5%
- Health3.5%
- Prerefund/Escrow0.9%
- Corporate Muni0.8%
- Housing0.7%
Geography
- United States100.00%
IBMQ 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.
IBMQ$10,090
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 | IBMQ |
|---|---|
| Year to date | +0.3% |
| 1 month | −0.6% |
| 3 months | −0.9% |
| 1 year | +0.9% |
| 3 years | +3.4% |
| 5 years | +0.5% |
| 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 | IBMQ |
|---|---|---|
| 2026 YTD | +0.3% | |
| 2025 | +4.1% | |
| 2024 | +0.7% | |
| 2023 | +4.0% | |
| 2022 | −6.7% | |
| 2021 | −0.3% | |
| 2020 | +6.9% |
IBMQ in the news
IBMQ Dividends
- 2.51%
- $0.63
- $0.06 per share
- Monthly
Distribution history
IBMQ Risk
- 3.2%
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.
- −0.34
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.
- −10.8%
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.
- 0.54
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IBMQ Cost
0.10%
IBMQ0.10%
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
No Defined-Maturity Municipal fund charges less.
Other funds in Defined-Maturity Municipal
- AIBMPiShares iBonds Dec 2027 Term Muni Bond ETFExpense ratio 0.10%1 year return +1.8%
- 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%