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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