iShares Continues iBonds ETF Expansion

April 11, 2019

It was just a week ago that iShares added another ETF to its target-maturity municipal bond ETF family, and today the firm has added yet another fund. The iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) joins eight other similar funds maturing in years ranging from 2019 through 2026.

IBMP comes with an expense ratio of 0.18%, like the other municipal debt iBonds, and lists on Cboe Global Markets, the parent company of ETF.com. The new fund’s underlying index included 9,785 issues as of the end of February.

As previously noted, iShares, the ETF arm of BlackRock, seems to be stepping up issuance of its target-maturity municipal bond ETFs after rolling out the iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) last November. In addition to the iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) and IBMP, the issuer also has a filing for the iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) in registration with the SEC.

The family of target-date muni funds has accumulated a total of $1.4 billion in assets under management. iShares also offers an iBonds family of investment-grade corporate debt funds maturing in specific years ranging from 2019 to 2028.

Contact Heather Bell at [email protected]

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