IBMPiShares iBonds Dec 2027 Term Muni Bond ETF
Tracks the investment results of an index composed of investment-grade U.S. municipal bonds maturing before December 2, 2027.
By iShares · Launched 2019
Annual Cost
0.10%
#429 of 6,040 · low cost
Fund Size
$664M
#1,447 of 6,040 · large
Return (1Y)
+1.6%
Track Record
7 years
#1,868 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,160+1.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
S&P AMT-Free Municipal Series Callable-Adjusted Dec 2027 Index
Holdings
By weightConcentration
Top 10 holdings = 3.7% of funddiversified
State of California
0.5%
State of Michigan
0.4%
University of California
0.4%
Geisinger Authority
0.4%
El Camino Community College District
0.3%
City of Boston
0.3%
State of New Jersey
0.3%
New Jersey Transportation Trust Fund Authority
0.3%
California Health Facilities Financing Authority
0.3%
Black Belt Energy Gas District
0.3%
Asset allocation
Bonds
100.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.1%Low
Year-on-year price swings
Max drawdown
-15.2%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
-0.45Below average
Sortino (3Y)
-0.62Moderate downside risk
Bond profile
Duration
4.9 years
Avg maturity
10.2 years
Credit ratings
AAA
25.2%
AA
57.4%
A
17.1%
BBB
0.3%
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Tracks the investment results of an index composed of investment-grade U.S. municipal bonds maturing before December 2, 2027.
- Strategy
- Seeks to track the investment results of the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2027 Index, which measures investment-grade U.S. municipal bonds. The Fund invests primarily in bonds expected to mature or be redeemed before December 2, 2027.
- Inception date
- April 9, 2019
- Fund family
- iShares
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Data updated on 2026-09-18