---
ticker: "IBMU"
name: "iShares Trust - iShares iBonds Dec 2032 Term Muni Bond ETF"
url: "https://etf.net/etf/IBMU"
grade: "B"
score: 69
graded_at: "2026-10-12"
category: "Defined-Maturity Municipal"
category_rank: "6 of 32"
methodology: "https://etf.net/methodology"
---

# IBMU: iShares Trust - iShares iBonds Dec 2032 Term Muni Bond ETF

Grade **B**, Score 69 of 100. Rank 6 of 32 in Defined-Maturity Municipal.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 87 | 1 of 32 |
| Mission | 77 | 9 of 17 |
| Risk | 53 | 10 of 29 |
| Tradability | 51 | 15 of 32 |
| Holdings | 64 | 14 of 32 |
| Durability | 49 | 15 of 32 |

## Top holdings

The fund holds 730 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | San Antonio Tex Elec & Gas Rev 5.00% 02/01/2032 | 2.01% |
| 2 | — | Washington St 5.00% 07/01/2032 | 0.73% |
| 3 | — | California St 5.00% 09/01/2032 | 0.65% |
| 4 | — | Pennsylvania St 5.00% 08/01/2032 | 0.61% |
| 5 | — | New Jersey St Transn Tr Fd Aut 5.25% 06/15/2032 | 0.57% |
| 6 | — | Texas Water Dev Brd 4.00% 10/15/2032 | 0.56% |
| 7 | — | New York St Dorm Auth Revs Non 5.00% 10/01/2032 | 0.56% |
| 8 | — | California St 5.00% 09/01/2035 | 0.55% |
| 9 | — | New Jersey St 4.00% 06/01/2032 | 0.51% |
| 10 | — | Texas Transn Commn Cent Tex Tp 5.00% 08/15/2032 | 0.47% |
| 11 | — | Washington St 4.00% 07/01/2032 | 0.47% |
| 12 | — | New York N Y 5.00% 08/01/2032 | 0.46% |
| 13 | — | Curators Univ Mo Sys Facs Rev 5.00% 11/01/2032 | 0.45% |
| 14 | — | Maryland St 5.00% 06/01/2034 | 0.44% |
| 15 | — | Louisiana St Grnt Antic Rev 5.00% 09/01/2032 | 0.44% |
| 16 | — | New York St Dorm Auth St Pers 5.00% 03/15/2033 | 0.43% |
| 17 | — | Los Angeles Calif Dept Wtr & P 5.00% 07/01/2032 | 0.43% |
| 18 | — | Allegheny Cnty Pa 5.00% 11/01/2032 | 0.42% |
| 19 | — | California St Pub Wks Brd Leas 5.00% 12/01/2036 | 0.42% |
| 20 | — | Illinois St Sales Tax Rev 5.00% 06/15/2032 | 0.42% |
| 21 | — | Virginia St Pub Sch Auth Sch F 5.00% 08/01/2033 | 0.40% |
| 22 | — | Montgomery Cnty Md 5.00% 08/01/2034 | 0.38% |
| 23 | — | Oklahoma Cap Imp Auth St Hwy C 5.00% 07/01/2032 | 0.37% |
| 24 | — | Connecticut St Spl Tax Oblig R 5.00% 07/01/2032 | 0.37% |
| 25 | — | Lower Colo Riv Auth Tex Transm 5.00% 05/15/2032 | 0.37% |
| 26 | — | Fairfax Cnty Va 5.00% 10/01/2032 | 0.37% |
| 27 | — | Austin Tex 5.00% 09/01/2032 | 0.37% |
| 28 | — | Philadelphia Pa Wtr & Wastewtr 5.00% 06/01/2032 | 0.37% |
| 29 | — | University Tex Univ Revs 5.00% 08/15/2034 | 0.37% |
| 30 | — | Minnesota St 5.00% 08/01/2035 | 0.36% |

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