Key stats
About iShares iBonds Dec 2027 Term Muni Bond ETF
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Inception date
Apr 9, 2019
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
As part of iShares' AMT-Free Muni Term ETF suite, IBMP behaves more like a bond than a typical bond fund. The fund provides bullet maturityin this case mid-December 2027instead 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, IBMP 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, IBMP can be a component of a tax-exempted bond ladder. Its low fee is competitive with most funds in this space.
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.03%
Cash0.95%
Corporate0.02%
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