IBMT
Fixed Income

iShares® iBonds® Dec 2031 Term Muni Bond ETF

NAV as ofMay 15, 2026
$25.5452 WK: 24.95 - 26.32
1 Day NAV Change as ofMay 15, 2026
Decrease $-0.09(-0.35%)
May 14, 2026
YTD: Decrease -0.24%
May 14, 2026
2.62%
May 14, 2026
2.35%
Expense Ratio:Fees as stated in the prospectus
0.18%
NAV as ofMay 15, 2026
$25.5452 WK: 24.95 - 26.32
1 Day NAV Change as ofMay 15, 2026
Decrease $-0.09(-0.35%)
May 14, 2026
YTD: Decrease -0.24%
May 14, 2026
2.62%
May 14, 2026
2.35%
Expense Ratio:Fees as stated in the prospectus
0.18%
The iShares iBonds Dec 2031 Term Muni Bond ETF seeks to track an index of investment-grade municipal bonds maturing in 2031. The fund offers a way to seek tax-exempt income, build a bond ladder, and manage interest rate risk with a defined maturity.

This Fund is covered by U.S. Patent Nos. 8,438,100 and 8,655,770.

Key Facts

Net Assets of Fund
Fund Inception
Benchmark Index
Exchange
Cboe BZX
Shares Outstanding
3,500,000
as of May 15, 2026
0.15
as of May 15, 2026
Closing Price
25.58
as of May 15, 2026
0.08%
as of May 15, 2026
Asset Class
Fixed Income
Bloomberg Index Ticker
SPMDC31
Monthly
CUSIP
46438G356
11,107.00
as of May 15, 2026
11,414.00
as of May 15, 2026

Portfolio Characteristics

-
4.44%
as of May 14, 2026
4.95 yrs
as of May 14, 2026
0.12
as of May 14, 2026
-
2.89%
as of May 14, 2026
4.85
as of May 14, 2026
4.51 yrs
as of May 14, 2026
18.59 bps
as of May 14, 2026

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

More Funds to Consider

LDRT
iShares® iBonds® 1-5 Year Treasury Ladder ETFView LDRT
LDRI
iShares® iBonds® 1-5 Year TIPS Ladder ETFView LDRI

Holdings

Holdings are subject to change.


The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Notional value represents the portfolio's exposures based on the economic value of investments and options are delta-adjusted. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Geography
% of Market Value as of May 14, 2026
Texas13.29%
California10.91%
New York10.54%
Florida4.47%
Washington4.39%
Illinois4.05%
Maryland3.61%
Ohio3.57%
Pennsylvania2.66%
North Carolina2.66%
Tennessee2.35%
Virginia2.27%

Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product's total holdings, excluding currency holdings. Percentages do not reflect fair valuation. In some instances, percentages may reflect the location where the issuer of the securities carries out much of their business. Bonds are included in U.S. bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer.

Allocations are subject to change.

Start building better bond ladders now

Financial professionals can test drive the iBonds ETFs suite with our fully customizable bond laddering tool.

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Performance

1y3y5y10yIncept.
Total Return (%)
4.81---4.67
Market Price (%)
4.78---4.83
Benchmark (%)
4.59---4.38
After Tax Pre-Liq. (%)
4.80---4.66
After Tax Post-Liq. (%)
3.75---4.07

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

-

The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

May 01, 2026May 01, 2026May 06, 2026$0.053869$0.053869$0.000000$0.000000$0.000000
Apr 01, 2026Apr 01, 2026Apr 07, 2026$0.051423$0.051423$0.000000$0.000000$0.000000
Mar 02, 2026Mar 02, 2026Mar 05, 2026$0.054006$0.054006$0.000000$0.000000$0.000000
Feb 02, 2026Feb 02, 2026Feb 05, 2026$0.046270$0.046270$0.000000$0.000000$0.000000
Dec 19, 2025Dec 19, 2025Dec 24, 2025$0.045398$0.045398$0.000000$0.000000$0.000000
Dec 01, 2025Dec 01, 2025Dec 04, 2025$0.052943$0.052943$0.000000$0.000000$0.000000
Nov 03, 2025Nov 03, 2025Nov 06, 2025$0.054511$0.054511$0.000000$0.000000$0.000000
Oct 01, 2025Oct 01, 2025Oct 06, 2025$0.051647$0.051647$0.000000$0.000000$0.000000
Sep 02, 2025Sep 02, 2025Sep 05, 2025$0.035569$0.035569$0.000000$0.000000$0.000000
Aug 01, 2025Aug 01, 2025Aug 06, 2025$0.058434$0.058434$0.000000$0.000000$0.000000
Showing 1 to 10 of 14

Estimated Net Acquisition Yield Calculator

Calculate the Estimated Net Acquisition Yield (ENA Yield) based on the projected market purchase price that you input. This estimate also reflects the deduction of the expense ratio (18 basis points).

The NAV (as of May 15, 2026) used in the calculation is $25.54. The value you enter should correspond to your estimated market purchase price as of May 15, 2026.

Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome.

The Average Yield to Maturity shown is the weighted average yield to maturity of the individual bonds. During the final year of the fund's life, the underlying bonds will mature and the proceeds will be held in cash equivalents until the liquidation of the fund. The investor's total realized yield to fund maturity will be influenced by the yield earned on these proceeds during the final year. If the future yield on cash equivalents is lower than the current Average Yield to Maturity for the portfolio’s bonds, the realized yield to fund maturity is also expected to be lower and vice versa.

Fees

as of current prospectus
Management Fee
0.18%
0.00%
Other Expenses
+0.00%

0.18%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.