iShares Expands iBonds Muni Family
Newest addition grows the family’s coverage to ETFs maturing in eight separate years.
Today BlackRock’s iShares arm has rolled out another addition to its iBonds family of target-maturity ETFs. The iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) tracks a cap-weighted index of investment-grade U.S. municipal debt, and joins a family of seven other funds.
IBMO 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.
iShares 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. The family of 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.
IBMO’s underlying index included 12,331 issues as of the end of February.
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