IBMR vs MYMH

IBMRAiShares iBonds Dec 2029 Term Muni Bond ETF

MYMHFState Street My2028 Municipal Bond ETF

In short

IBMR A muni ladder rung in one ticker: it holds investment-grade municipal bonds maturing in 2029, tracks an AMT-free index, and pays monthly. Bond-style term structure, ETF plumbing.

MYMH A single rung of a municipal bond ladder, wrapped in an ETF: a compact basket of bonds maturing in 2028, hand-picked rather than index-cloned, paying federally tax-exempt income monthly until the fund winds up around December 15, 2028.

Stated mandate

IBMR The fund seeks to track an index of investment-grade municipal bonds that mature in 2029.

MYMH The fund is an actively managed target-maturity municipal bond strategy focused primarily on bonds maturing in 2028. It seeks federally tax-exempt current income and capital preservation, and plans to liquidate around December 15, 2028.

Why people hold it

• IBMR Charges 0.10% a year, right at the median for target-maturity bond funds, and the iBonds lineup is built so maturity years stack into a ladder.
• Spreads across more than a thousand investment-grade munis, so one issuer's trouble barely moves the fund.
• Follows an AMT-free index, screening out bonds whose income can trip the alternative minimum tax.
• Pays monthly, matching how muni income is usually spent, and holds a well-built portfolio for its category.

• MYMH Built with an end date. The fund plans to liquidate around December 15, 2028, so the position resolves to cash like a maturing bond instead of rolling on forever.ssga.com
• Income is federally tax-exempt and paid monthly, so the cash arrives on a steady rhythm rather than quarterly.ssga.com
• The dated-maturity aisle is mostly index corporate and Treasury ladders (IBDU, BSCT, VBCB). This one is munis, actively managed against an ICE 2028 maturity muni index.

Worth knowing

• IBMR Munis are the tax-advantaged lane. For the same 2029 rung in taxable bonds, iShares also runs IBDU (corporate) and IBTJ (Treasury).
• The index is callable-adjusted: plenty of munis can be redeemed early by their issuers, so the mix heading into the term date can shift.
• It is a fund, not a single bond. Shares trade at market prices and move with rates along the way, and the end payout is whatever the bonds deliver.

• MYMH At 0.20% a year, it costs about double the top-ranked ladders in its group, which sit near 0.07% to 0.10%. Active muni selection is what you get for the difference.
• A small fund that trades lightly, so bid-ask spreads can be wider than the household-name ladders. Limit orders matter more here.
• Launched in 2024, and the prospectus discloses that distributions can include return of capital, meaning part of a payout may be your own money coming back.ssga.com

Full IBMR profile⁠

Full MYMH profile⁠