IBMW ETF — iShares iBonds Dec 2034 Term Muni Bond ETF

iShares iBonds Dec 2034 Term Muni Bond ETF (IBMW)

Updated October 16, 2026.

IBMW is a low-cost ETF. its distribution rate is 2.18%, its trailing-12-month yield is 1.31%, its expense ratio is 0.10%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -2.6% over the past 0.5 years, 16.1 points behind SPY at 13.5%.

This ETF holds a portfolio of municipal bonds scheduled to mature in December 2034, offering tax-advantaged income for investors in higher tax brackets. The fund distributes monthly at a modest current distribution rate and charges a low expense ratio of 0.10%. It appeals to income-focused investors seeking regular tax-exempt distributions from a diversified municipal bond portfolio with a defined maturity date.

IBMW performance versus SPY

Price and return data through 2026-10-16.

Total return is -2.6% over the past 0.5 years, 16.1 points behind SPY at 13.5%.

IBMW key facts

Distribution Safety Score™

50 · Unproven

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Expense ratio

0.10%

Distribution rate

2.18%

Distribution frequency

Monthly

Trailing yield

1.31%

Last close

$24.18 (as of 2026-10-16)

AUM

$11,800,932

Average volume

27451.0

Dividend

$0.044

Ex-dividend date

10/01/2026

Payment date

10/06/2026

How Dividend Vision calculates yield and returns

Distribution rate (2.18%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.31%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

IBMW risks and drawbacks

IBMW's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider IBMW — and who may not

IBMW may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on IBMW

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Tagged: Fixed Income.

Frequently asked questions

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