IBMQiShares iBonds Dec 2028 Term Muni Bond ETF

Get income7y track recordRanked #278 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, 2028.

By iShares · Launched 2019

Annual Cost

0.18%

#884 of 5,562 · low cost

Fund Size

$644M

#1,384 of 5,562 · large

Dividend YieldGoal

2.45%

Track Record

7 years

#1,896 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,324+3.2%

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 2028 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 4.5% of fund✓ well diversified

New Jersey Economic Development Authority

0.6%

Metropolitan Transportation Authority

0.5%

California Infrastructure & Economic Development Bank

0.5%

Commonwealth of Pennsylvania

0.5%

City of Dallas

0.4%

State of California

0.4%

Kentucky Public Energy Authority

0.4%

State of New Jersey

0.4%

New York City Transitional Finance Authority Building Aid

0.4%

State of Illinois

0.4%

Asset allocation

Bonds

100.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.2%Low

Year-on-year price swings

Max drawdown

-15.8%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

-0.26Below average

Sortino (3Y)

-0.36Moderate downside risk

Bond profile

Duration

4.9 years

Avg maturity

10.4 years

Credit ratings

AAA

23.4%

58.2%

18.3%

BBB

0.2%

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, 2028.
Strategy: Tracks the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index, which measures investment-grade U.S. municipal bonds. The Fund invests at least 80% of its assets in the index's component securities and uses a representative sampling strategy to manage the Fund. It may hold cash equivalents as bonds mature, with the index expected to consist entirely of cash by December 2, 2028.
Inception date: April 16, 2019
Fund family: iShares