IBMP

iShares iBonds Dec 2027 Term Muni Bond ETF

$25.36

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The iShares iBonds Dec 2027 Term Muni Bond ETF seeks to track the investment results of an index composed of investment-grade municipal bonds maturing in 2027.

Overview

ETF tracking iShares iBonds Dec 2027 Term Muni Bond ETF

Category Fixed Income

Issuer BlackRock

Inception Date 2019-04-11

Market Cap $560.6M

Average Volume N/A

Dividend Yield 2.05%

52-Week Range $24.98 - $25.55

VWAP $25.36

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The iShares iBonds Dec 2027 Term Muni Bond ETF seeks to track the investment results of an index composed of investment-grade municipal bonds maturing in 2027.

🎯 Investment Strategy

The ETF invests in a portfolio of municipal bonds with a target maturity date of December 2027. The fund aims to provide income exempt from federal income taxes by investing in a diversified portfolio of municipal bonds.

✨ Key Features

Targets municipal bonds maturing in 2027 for investors seeking defined-maturity exposure
Provides federal tax-exempt income
Passively managed to track the performance of its underlying index
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit risk if the financial condition of the municipal bond issuers deteriorates
Liquidity risk if the bonds held by the fund become difficult to trade
Concentration risk as the fund is focused on a single maturity year

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and defined-maturity exposure to the municipal bond market, with a time horizon aligned to the 2027 maturity target. It may be appropriate as a component of a diversified fixed income portfolio.