iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP)

iShares iBonds Dec 2027 Term Muni Bond ETF (IBMP) is an exchange-traded fund in the Muni Target Maturity category. It has $663.67M in assets, an expense ratio of 0.10% and a 2.51% dividend yield. The index measures the performance of investment-grade (as determined by S&P Dow Jones Indices LLC), tax-exempt, U.S. municipal bonds, reducing callable bonds before 2027, and only including non-callable bonds maturing in 2027. The fund will invest at least 80% of its assets in the component securities of the underlying index, and will invest at least 90% of its assets in fixed income securities of the types included in the underlying index.