IBMP – iShares iBonds Dec 2027 Term Muni Bd ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the investment results of the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2027 IndexTM. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
IBMP	iShares iBonds Dec 2027 Term Muni Bond ETF	ETF	Open	—	—	Apr 9, 2019	$691.16M	0.100%	—	—	$106.41M

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