ETF Evaluator: iShares iBonds Dec 2033 Term Muni Bd ETF () Follow This ETF

iShares iBonds Dec 2033 Term Muni Bd ETF Overview

iShares iBonds Dec 2033 Term Muni Bd ETF (IBMV) is a passively managed Municipal Bond Muni Target Maturity exchange-traded fund (ETF). iShares launched the ETF in 2026.

The investment seeks to track the investment results of an S&P AMT-Free Municipal Series Callable-Adjusted 2033 IndexTM composed of investment-grade U.S. municipal bonds expected to mature or be redeemed before December 2, 2033. The fund will invest at least 80% of its assets in the component securities of the index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the index that BFA believes will help the fund track the index, in each case except during the last months of the fund's operations. The underlying index is sponsored by SPDJI, which is independent of the fund and BFA. It is non-diversified.

About iShares iBonds Dec 2033 Term Muni Bd ETF (IBMV)

There are 3 members of the management team with an average tenure of 0.35 years: James Mauro (2026), Jonathan Graves (2026) and Marcus Tom (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P AMT-Free Muni Sr Cble -Adj 2033 USD index with a weighting of 100%. iShares iBonds Dec 2033 Term Muni Bd ETF has 316 securities in its portfolio. The top 10 holdings constitute 11.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

iShares iBonds Dec 2033 Term Muni Bd ETF is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. iShares iBonds Dec 2033 Term Muni Bd ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.4% (99.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares iBonds Dec 2033 Term Muni Bd ETF has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $8 million in total assets, which is below the $171 million average for the Muni Target Maturity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IBMV Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares iBonds Dec 2033 Term Muni Bd ETF expense ratio is low compared to funds in the Muni Target Maturity category. iShares iBonds Dec 2033 Term Muni Bd ETF has an expense ratio of 0.18%, which is 2% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares iBonds Dec 2033 Term Muni Bd ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 24% for the Muni Target Maturity category.

Recently, in the month of July 2026, iShares iBonds Dec 2033 Term Muni Bd ETF returned -2.0%, which earned it a grade of F, as the Muni Target Maturity category had an average return of -1.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

iShares iBonds Dec 2033 Term Muni Bd ETF has a trailing yield of 0.00%, which is below the 2.79% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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