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IBMU

GradeBChicago Board Options Exchange

iShares Trust - iShares iBonds Dec 2032 Term Muni Bond ETF

Target Maturity Bond · IShares · Inception 2026-03-24 · SEC filings

$24.29−0.21 (−0.86%)

As of Sep 23, 2026, 1:26 PM EDT

History starts Mar 26, 2026.History starts Mar 26, 2026.History starts Mar 26, 2026.
Intraday session: down, 8 prints from 24.50 to 24.29. Range 24.29 to 24.50. Use the arrow keys to read each point.$24.35$24.40$24.45$24.5010 AM12 PM2 PM4 PM
Expense ratio
0.10%
Fund size
$21M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
594
Volume · 30D
0M sh
NAV per share
$24.48
52W range
low $24.48high $26.05

The ETF.net IBMU Grade

B

67/ 100

Rank 6 of 33 in Defined-Maturity Municipal⁠

Confidence High

Six-pillar profile for IBMU. Scores out of 100: Cost 88, Risk 46, Mission 71, Tradability 53, Holdings 68, Durability 51. Strongest: Cost (88). Weakest: Risk (46). Leans toward Cost.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 67 of 100 sits in the B 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 88
    Category rank6/33 · top 18%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 71
    Category rank10/15 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 46
    Category rank14/29 · top 48%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 53
    Category rank12/33 · top 36%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 68
    Category rank11/33 · top 33%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 51
    Category rank16/33 · top 48%

Graded as of Sep 22, 2026

IBMU Holdings

As of Sep 22, 2026, 5:19 AM
Asset class
Bonds
Holdings
594
Top-10 weight
6%
Largest holding
CALIFORNIA ST 5.00% 09/01/20320.9%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 40.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CALIFORNIA ST 5.00% 09/01/20320.91%1,754$190K3
002—NEW YORK ST DORM AUTH REVS NON 5.00% 10/01/20320.81%1,532$168K1
003—WASHINGTON ST 4.00% 07/01/20320.67%1,361$140K1
004—LOUISIANA ST GRNT ANTIC REV 5.00% 09/01/20320.62%1,203$130K2
005—NEW YORK ST DORM AUTH ST PERS 5.00% 03/15/20330.62%1,200$128K3
006—NEW JERSEY ST 4.00% 06/01/20320.55%1,113$115K5
007—FAIRFAX CNTY VA 5.00% 10/01/20320.53%1,021$111K2
008—OKLAHOMA CAP IMP AUTH ST HWY C 5.00% 07/01/20320.53%1,021$110K3
009—AUSTIN TEX 5.00% 09/01/20320.52%1,002$108K2
010—MINNESOTA ST 5.00% 08/01/20350.52%1,006$107K2
011—UNIVERSITY TEX UNIV REVS 5.00% 08/15/20340.51%1,004$107K2
012—NEW YORK ST DORM AUTH ST PERS 4.00% 03/15/20350.50%1,050$104K1
013—NEW YORK N Y 5.00% 08/01/20320.49%956$102K3
014—UNIVERSITY UTAH UNIV REVS 5.00% 08/01/20350.49%956$102K1
015—ILLINOIS ST SALES TAX REV 5.00% 06/15/20320.49%962$101K2

Showing 1–15 of 595 holdings

IBMU Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

IBMU$9,719
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. IBMU $9,719. SPY $10,415. Use the arrow keys to read each point.$9,661$10,085$10,508Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for IBMU. Periods over one year show the average yearly return.
PeriodIBMU
Year to dateFund launched this year—
1 month−2.2%
3 months−2.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IBMU
YearReturn barIBMU
2026 YTD−1.0%

History from Mar 26, 2026

IBMU in the news

ETF.net Research hasn’t filed on IBMU yet — coverage lands here as it’s written.

IBMU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 5 payments in 2026 YTD. May 1, 2026 $0.05; Jun 1, 2026 $0.05; Jul 1, 2026 $0.04; Aug 3, 2026 $0.05; Sep 1, 2026 $0.06. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.06
Aug 3, 2026Aug 6, 2026$0.05
Jul 1, 2026Jul 7, 2026$0.04
Jun 1, 2026Jun 4, 2026$0.05
May 1, 2026May 6, 2026$0.05

IBMU Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Mar 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Mar 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

IBMU Cost

Expense ratio0.10%
  • The middle half of Defined-Maturity Municipal funds
  • Median 0.18%

No Defined-Maturity Municipal fund charges less.

IBMU costs $10.00 a year on $10,000. The median Defined-Maturity Municipal fund costs $18.00.