Symbols

IBMT

iShares iBonds Dec 2031 Term Muni Bond ETF·CBOE

--(--)

Key Stats

Assets Under Management

77.42MUSD

Fund Flows (1Y)

69.75MUSD

Dividend Yield

1.89%

Discount/Premium to NAV

0.24%

Shares Outstanding

2.95M

Expense Ratio

0.18%

About iShares iBonds Dec 2031 Term Muni Bond ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/342151/

Inception Date

Mar 25, 2025

Structure

Open-Ended Fund

Index Tracked

S&P AMT-Free Municipal Series Callable-Adjusted 2031 Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

BlackRock Fund Advisors

Distributor

BlackRock Investments LLC

As part of iShares' AMT-Free Muni Term ETF suite, IBMT behaves more like a bond than a typical bond fund. The fund provides bullet maturity in this case December 2031 instead of perpetual exposure to a maturity pocket of the muni space. As the fund matures, its maturity, duration, and YTM will decline. On its target date, IBMT will unwind and return all capital to the investors. Coupon payments received from underlying securities are exempted from both the federal income tax and the alternative minimum tax. As such, IBMT can be a component of a tax-exempted bond ladder. Its low fee is competitive with most funds in this space.