---
ticker: "IBMT"
name: "iShares Trust - iShares iBonds Dec 2031 Term Muni Bond ETF"
url: "https://etf.net/etf/IBMT"
grade: "A"
score: 72
graded_at: "2026-10-12"
category: "Defined-Maturity Municipal"
category_rank: "5 of 32"
methodology: "https://etf.net/methodology"
---

# IBMT: iShares Trust - iShares iBonds Dec 2031 Term Muni Bond ETF

Grade **A**, Score 72 of 100. Rank 5 of 32 in Defined-Maturity Municipal.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 87 | 1 of 32 |
| Mission | 79 | 8 of 17 |
| Risk | 35 | 24 of 29 |
| Tradability | 73 | 5 of 32 |
| Holdings | 74 | 8 of 32 |
| Durability | 64 | 11 of 32 |

## Top holdings

The fund holds 1579 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | BlackRock Liq Municash Class Ins Mmf | 1.71% |
| 2 | — | New Jersey St 4.00% 06/01/2031 | 0.67% |
| 3 | — | New Jersey St Edl Facs Auth Re 5.00% 07/01/2031 | 0.60% |
| 4 | — | New York City of 5.00% 02/01/2031 | 0.59% |
| 5 | — | Georgia St 4.00% 12/01/2031 | 0.58% |
| 6 | — | Aquarion Water Authority Ct 5.25% 02/01/2031 | 0.47% |
| 7 | — | Los Angeles Calif Uni Sch Dist 5.00% 07/01/2031 | 0.44% |
| 8 | — | North Tex Twy Auth Rev 0.00% 01/01/2031 | 0.42% |
| 9 | — | Wisconsin (State Of) 5.00% 05/01/2031 | 0.42% |
| 10 | — | Missouri Jt Mun Elec Util Comm 5.00% 12/01/2031 | 0.38% |
| 11 | — | Montgomery Cnty Md 5.00% 08/01/2033 | 0.36% |
| 12 | — | University Calif Revs 5.00% 05/15/2035 | 0.31% |
| 13 | — | Honolulu Hawaii City & Cnty 5.00% 03/01/2031 | 0.31% |
| 14 | — | Prince Georges Cnty Md 4.00% 07/01/2032 | 0.31% |
| 15 | — | New York St Twy Auth 5.00% 09/15/2031 | 0.30% |
| 16 | — | Metropolitan Nashville Arpt Au 5.00% 07/01/2031 | 0.30% |
| 17 | — | Indianapolis Ind Loc Pub Impt 5.00% 06/01/2031 | 0.30% |
| 18 | — | Pennsylvania St Tpk Commn Oil 5.00% 12/01/2031 | 0.30% |
| 19 | — | Chicago Ill Wtr Rev 5.00% 11/01/2031 | 0.30% |
| 20 | — | California St 4.00% 10/01/2035 | 0.30% |
| 21 | — | New York St Dorm Auth St Pers 5.00% 03/15/2035 | 0.30% |
| 22 | — | California St Pub Wks Brd Leas 5.00% 05/01/2034 | 0.29% |
| 23 | — | University of Michigan 5.00% 04/01/2031 | 0.28% |
| 24 | — | University Utah Univ Revs 5.00% 08/01/2031 | 0.27% |
| 25 | — | Sacramento Cnty Calif Santn Di 3.00% 12/01/2034 | 0.27% |
| 26 | — | Corpus Christi Tex Util Sys Re 5.00% 07/15/2031 | 0.27% |
| 27 | — | New York N Y 5.00% 05/01/2031 | 0.26% |
| 28 | — | Broward Cnty Fla Sch Brd Ctfs 5.00% 07/01/2031 | 0.26% |
| 29 | — | Allegheny Cnty Pa San Auth Swr 5.00% 12/01/2031 | 0.25% |
| 30 | — | New York City of 5.00% 08/01/2031 | 0.25% |

Source: etf.net, https://etf.net/etf/IBMT. Please cite the page URL.