IBMPiShares iBonds Dec 2027 Term Muni Bond ETF

Get income7y track recordRanked #286 of 1,622 in this goal

Seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds expected to mature or be redeemed before December 2, 2027.

By iShares · Launched 2019

Annual Cost

0.18%

#884 of 5,562 · low cost

Fund Size

$643M

#1,385 of 5,562 · large

Dividend YieldGoal

2.49%

Track Record

7 years

#1,889 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,283+2.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

S&P AMT-Free Municipal Series Callable-Adjusted Dec 2027 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 3.9% of fund✓ well diversified

State of California

0.5%

State of Michigan

0.5%

University of California

0.4%

BlackRock Liquidity Funds

0.4%

Geisinger Authority

0.4%

State of New Jersey

0.3%

El Camino Community College District Fountation (The)

0.3%

New Jersey Transportation Trust Fund Authority

0.3%

City of Boston

0.3%

California Health Facilities Financing Authority

0.3%

Asset allocation

Bonds

99.9%

Cash

0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.1%Low

Year-on-year price swings

Max drawdown

-15.2%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

-0.33Below average

Sortino (3Y)

-0.46Moderate downside risk

Bond profile

Duration

4.9 years

Avg maturity

10.2 years

Credit ratings

AAA

25.5%

57.6%

16.5%

BBB

0.3%

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds expected to mature or be redeemed before December 2, 2027.
Strategy: Tracks the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2027 Index, which measures investment-grade U.S. municipal bonds maturing before December 2, 2027. The Fund invests primarily in non-callable bonds and may hold up to 10% in derivatives to help track the Index.
Inception date: April 9, 2019
Fund family: iShares