iShares iBonds Dec 2031 Term Muni Bond ETF (IBMT)

iShares iBonds Dec 2031 Term Muni Bond ETF (IBMT) is an exchange-traded fund in the Muni Target Maturity category. It has $167.58M in assets, an expense ratio of 0.10% and a 2.50% dividend yield. The index seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds expected to mature or be redeemed before December 2, 2031. The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index. The fund is non-diversified.