iShares Trust - iShares iBonds Dec 2032 Term Muni Bond ETFIBMU

$25.22+0.1%

+$0.02 · Nov 9 close

AUM: $44M
Fee: 0.10%
Yield: 1.4%

Risk: 2/5
Volume: 9K
NAV: $25.17

SAN ANTONIO TEX ELEC & GAS REV 5.00% 02/01/2032 1.4%NEW YORK N Y CITY TRANSITIONAL 5.00% 11/01/2032 1.0%NEW YORK N Y 5.00% 08/01/2032 0.8%CALIFORNIA ST 5.00% 09/01/2035 0.7%

52-week range3% below the high

$23.83$26.05

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+0.1%	+1.0%	+3.8%	+1.0%	—	—	—	—	+2.4%
Peer average	+0.1%	+0.9%	+3.9%	−0.1%	+1.2%	+1.5%	+14.6%	+3.2%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

IBMU in One Breath

IBMU Among Municipal ETFs

YTD

#1MMMANY Life Investments+3.5%$60.0M

#2TAXTFlexShares+2.8%$198M

#3MYMGSPDR+2.6%$8.6M

#4SMMUPIMCO+2.5%$1.3B

#5OVMOverlay Shares+2.4%$45.7M

#6INMUiShares+2.4%$814M

#7SHYMiShares+2.4%$931M

#8TMNLT. Rowe Price+2.3%$24.7M

#9PMIOPGIM+2.2%$65.4M

End-of-day Nov 9, 2026 · 141 Municipal ETFs by YTD

$10,000 in IBMU

$10,000 in IBMU became

$10,235

In the S&P 500 (VOO)

$11,730

Total return, dividends in · Mar 26, 2026 – Nov 9, 2026 · S&P 500 uses VOO

IBMU’s Top Holdings

Today

SAN ANTONIO TESan Antonio Tex Elec & Gas Rev 5.00% 02/01/20321.4%NEW YORK N Y1.0%NEW YORK N Y0.8%CALIFORNIA S0.7%PENNSYLVANIA0.7%WASHINGTON S0.5%LOS ANGELES 0.5%WASHINGTON S0.5%ILLINOIS ST 0.5%NORTH CAROLI0.5%TEXAS TRANSN0.5%MINNESOTA ST0.5%CALIFORNIA S0.4%NEW JERSEY S0.4%NEW JERSEY S0.4%MIAMI-DADE C0.4%ILLINOIS ST 0.4%NEW YORK ST 0.4%OREGON ST DE0.4%HENNEPIN CNT0.4%LOUISIANA ST0.4%TEXAS WATER 0.4%

iShares IBMU · 947 holdings · top 22 shown · tile size = share of the fund · as of Nov 9, 2026

What IBMU Holds

Today

All holdings100.0%

SAN ANTONI 1.4 · NEW YORK N · NEW YORK N · CALIFORNIA · PENNSYLVAN · WASHINGTON · LOS ANGELE

iShares IBMU · share of the fund · as of Nov 9, 2026

San’s Share of IBMU

Today

1.4%

$14 of every $1,000 in IBMU is San

San held by IBMU

$604K

iShares IBMU · each square = $10 of $1,000 · as of Nov 9, 2026

IBMU’s Share of Municipal ETFs

Today

0.0%

of the $247B in 166 Municipal ETFs

IBMU$44.0M0.0%

MUB$55.0B22.3%

VTEB$49.6B20.1%

163 others$142B57.6%

Municipal ETF AUM · Nov 9, 2026

IBMU Fee per $100 vs Peers

Today

$0.10a year
per $100

$10 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

IBMU$0.10

JMUB$0.18

CGMU$0.27

Expense ratio · Municipal peers · Nov 9, 2026

Inside IBMU

947 holdings · as of Nov 9, 2026

IBMU

iShares Trust - iShares iBonds Dec 2032 Term Muni Bond ETF

Today

All holdings100.0%933 more holdings91.1% of the fund

All holdings100.0%941 more holdings94.9% of the fund

#	Ticker	Company	Weight ▼
1	—	SAN Antonio TEX Elec & GAS REV 5.00% 02/01/2032	1.37%
2	—	NEW York N Y City Transitional 5.00% 11/01/2032	1.00%
3	—	NEW York N Y 5.00% 08/01/2032	0.85%
4	—	California ST 5.00% 09/01/2035	0.70%
5	—	Pennsylvania ST 5.00% 08/01/2032	0.67%
6	—	Washington ST 4.00% 07/01/2032	0.52%
7	—	LOS Angeles Calif UNI SCH Dist 4.00% 07/01/2036	0.51%
8	—	Washington ST 5.00% 07/01/2032	0.50%
9	—	Illinois ST 5.25% 09/01/2032	0.49%
10	—	North Carolina ST Oblig 3.00% 05/01/2032	0.49%

See all 948 holdings ↓

iShares IBMU · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 11.2%

All IBMU Holdings

948 holdings · as of Nov 9, 2026

IBMU

IBMU’s Holdings

Today

#
1	—SAN Antonio TEX Elec & GAS REV 5.00% 02/01/2032	1.37%	$137.08	5,516	$604K
2	—Pennsylvania ST 5.00% 08/01/2032	0.67%	$67.26	2,682	$296K
3	—Washington ST 4.00% 07/01/2032	0.52%	$51.98	2,178	$229K
4	—LOS Angeles Calif UNI SCH Dist 4.00% 07/01/2036	0.51%	$50.67	2,179	$223K
5	—Washington ST 5.00% 07/01/2032	0.50%	$49.80	1,981	$219K
6	—Illinois ST 5.25% 09/01/2032	0.49%	$48.82	1,967	$215K
7	—North Carolina ST Oblig 3.00% 05/01/2032	0.49%	$48.76	2,201	$215K
8	—Texas Transn Commn Cent TEX TP 5.00% 08/15/2032	0.48%	$47.90	1,920	$211K
9	—Minnesota ST 5.00% 08/01/2035	0.46%	$46.39	1,872	$204K
10	—California ST 5.00% 09/01/2032	0.45%	$44.52	1,764	$196K
11	—NEW Jersey ST Transn TR FD AUT 5.00% 06/15/2032	0.40%	$40.38	1,629	$178K
12	—NEW Jersey ST Transn TR FD AUT 5.25% 06/15/2032	0.40%	$39.59	1,579	$174K
13	—Miami-dade Cnty FLA SCH BRD CT 5.00% 05/01/2032	0.40%	$39.58	1,601	$174K
14	—Illinois ST Sales TAX REV 5.00% 06/15/2032	0.38%	$38.39	1,578	$169K
15	—NEW York ST Dorm Auth Revs NON 5.00% 10/01/2032	0.38%	$38.34	1,506	$169K

iShares IBMU · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

IBMU

iShares Trust - iShares iBonds Dec 2032 Term Muni Bond ETF’s Peers

Today

		Trend
MUB	iSharesRead Desk		0.05%	+0.1%	+1.1%	$55.0B
VTEB	VanguardRead Desk		0.03%	+0.1%	+1.2%	$49.6B
SUB	iSharesRead Desk		0.07%	0.0%	+2.4%	$13.4B
JMUB	J.P. MorganRead Desk		0.18%	+0.2%	+1.4%	$9.2B
CGMU	Capital GroupRead Desk		0.27%	+0.1%	+2.0%	$7.7B
IBMU	iSharesThis fundRead Desk	New fund	0.10%	+0.1%	new	$44M

Municipal peers · Today’s and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put IBMU head to head with MUB →

MUB vs IBMU

YTD

MUBiShares · MunicipalIBMUiShares · Municipal

Year to date

+0.7%

[…]

Level

Past year

+1.1%

[…]

Level

Fee

0.05%

0.10%

MUB winslower fee

Yield

3.3%

1.4%

MUB wins+1.8 pts

AUM

$55.0B

$44.0M

MUB1250.0× more

2–0MUB wins

iShares MUB and iShares IBMU · year-to-date · as of Nov 10, 2026 · AUM not scored

IBMU vs Its Peer Average

YTD

IBMUAvsBPeer average

1D+0.1%+0.1%

1M+3.8%+3.9%

3M+1.0%−0.1%

YTD[…]+1.2%

1Y[…]+1.5%

3Y[…]+14.6%

5Y[…]+3.2%

2–1IBMU wins

165 Municipal peers · each row scaled to its leader

How Bumpy Is IBMU?

IBMU

How Bumpy

Not enough history yet: IBMU needs a year of prices.

iShares IBMU · daily prices vs the S&P 500

The Details

IBMU

Fund Facts

Today

2026launched Mar 25

Tracks[…]

Exchange · CUSIPCBOE · 46438G216

StructureETF

Leverage1x

Cost on $10,000$10 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

iShares IBMU · fund facts · as of Nov 10, 2026

IBMU

Payouts by Year

$0.0544per share, Nov 2026

Distribution yield1.4%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 5, 2026

7 payouts added up$0.36 a share

iShares IBMU · distributions by ex-date · 2026–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$25.17

Premium / discount[…]

Median spread · 30D[…]

Volume today9K

Average volume · 30D36K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.10%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$10.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 5, 2026	$0.0544
Oct 1, 2026	Oct 6, 2026	$0.0466
Sep 1, 2026	Sep 4, 2026	$0.0554
Aug 3, 2026	Aug 6, 2026	$0.0516
Jul 1, 2026	Jul 7, 2026	$0.0443
Jun 1, 2026	Jun 4, 2026	$0.0526
May 1, 2026	May 6, 2026	$0.0548

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