IBMV – iShares iBonds Dec 2033 Term Muni Bd ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the investment results of an S&P AMT-Free Municipal Series Callable-Adjusted 2033 IndexTM composed of investment-grade U.S. municipal bonds expected to mature or be redeemed before December 2, 2033. The fund will invest at least 80% of its assets in the component securities of the index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the index that BFA believes will help the fund track the index, in each case except during the last months of the fund's operations. The underlying index is sponsored by SPDJI, which is independent of the fund and BFA. It is non-diversified.

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
IBMV	iShares iBonds Dec 2033 Term Muni Bond ETF	ETF	Open	—	—	Mar 25, 2026	$20.99M	0.100%	—	—	—

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