iShares iBonds Dec 2028 Term Muni Bond ETF
$25.23−0.04 (−0.16%)
- Expense ratio
- 0.10%
- Fund size
- $675M
- 1Y return
- +0.7%
- Yield · Last 12 months
- 2.49%
- Holdings
- 2872
- Volume · 30D
- 0.1M sh
- NAV per share
- $25.29
- 52W range
The ETF.net IBMQ Grade
Score 83 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 58Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 88Category 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 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
- 2,872
- 4%
- NEW JERSEY ECONOMIC DEV AUTH R 5.00% 03/01/2028
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.
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 | IBMQ |
|---|---|
| Year to date | +0.4% |
| 1 month | −0.7% |
| 3 months | −0.5% |
| 1 year | +0.7% |
| 3 years | +3.2% |
| 5 years | +0.3% |
| 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 | +0.4% | |
| 2025 | +4.1% | |
| 2024 | +0.7% | |
| 2023 | +4.0% | |
| 2022 | −6.7% | |
| 2021 | −0.3% | |
| 2020 | +6.9% |
IBMQ in the news
ETF.net Research hasn’t filed on IBMQ yet — coverage lands here as it’s written.
IBMQ Dividends
- 2.49%
- $0.63
- $0.05 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.05 |
| 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 |
IBMQ Risk
- 3.3%
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.
- −0.40
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.
- −11.1%
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
- The middle half of Defined-Maturity Municipal funds
- Median 0.18%
No Defined-Maturity Municipal fund charges less.