IBMQ

iShares iBonds Dec 2028 Term Muni Bond ETF

$25.50

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The iShares iBonds Dec 2028 Term Muni Bond ETF seeks to track the investment results of an index composed of investment-grade municipal bonds maturing in 2028.

Overview

ETF tracking iShares iBonds Dec 2028 Term Muni Bond ETF

Category Fixed Income

Issuer BlackRock

Inception Date 2019-04-18

Market Cap $504.9M

Average Volume N/A

Dividend Yield 2.03%

52-Week Range $24.88 - $25.79

VWAP $25.50

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The iShares iBonds Dec 2028 Term Muni Bond ETF seeks to track the investment results of an index composed of investment-grade municipal bonds maturing in 2028.

🎯 Investment Strategy

The ETF invests in a portfolio of municipal bonds with a target maturity date of December 2028. The fund aims to provide exposure to the municipal bond market with a defined maturity profile.

✨ Key Features

Targets municipal bonds maturing in 2028, providing defined-maturity exposure
Invests in investment-grade municipal bonds to manage credit risk
Designed to be held to maturity, potentially reducing interest rate risk
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the bonds may decline as interest rates rise
Credit risk: The issuer of the bonds may default on their payments
Liquidity risk: The bonds may be difficult to sell prior to maturity
Concentration risk: The fund is focused on a single maturity year

👤 Best For

This ETF may be suitable for investors seeking exposure to the municipal bond market with a defined maturity profile and low-cost investment option. It may be particularly appealing to those with a time horizon aligned with the 2028 maturity date.