# Portfolio overlap — IBMP vs SCMB

Comparing **iShares iBonds Dec 2027 Term Muni Bond ETF** (2026-01-31) and **Schwab Municipal Bond ETF** (2026-03-31).

- Shared positions: 203
- iShares iBonds Dec 2027 Term Muni Bond ETF covered by Schwab Municipal Bond ETF: 0.02439743508393248057954137077
- Schwab Municipal Bond ETF covered by iShares iBonds Dec 2027 Term Muni Bond ETF: 0.02439743508393248057954137077

## iShares iBonds Dec 2027 Term Muni Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| STATE OF CALIFORNIA 5.0% 04-01-27 | 0.004776 |  |
| State of Michigan, Series 2016 | 0.004540 | ✓ |
| University of California, Series 2025, RB | 0.004263 | ✓ |
| BLKR-LI MUNI-INS | 0.004054 |  |
| GEISINGER PA AUTH HLTH SYS REV GEISINGER AUTHORITY | 0.003897 |  |
| State of New Jersey, Series 2020A | 0.003495 | ✓ |
| El Camino Community College District Fountation (The), Series 2012C | 0.003480 |  |
| NJ TRANSPRTN TRUST-A | 0.003471 |  |
| City of Boston, Series 2015A | 0.003470 |  |
| CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.003372 |  |
| District of Columbia, Series 2019 C, Ref. RB | 0.003148 |  |
| Round Rock Independent School District, Series 2019 A, Ref. GO Bonds | 0.003142 |  |
| State of Illinois, Series D | 0.003049 | ✓ |
| Triborough Bridge & Tunnel Authority, Series 2021C2 | 0.003027 |  |
| SCAGO Educational Facilities Corp. for Pickens School District, Series 2025 | 0.002950 |  |
| State of California 5.00% 04/01/2027 | 0.002672 | ✓ |
| Florida (State of) Department of Environmental Protection (FL Forever), Series 2016 A, Ref. RB | 0.002649 |  |
| NY ST HSG FIN AGY-D-2 | 0.002608 |  |
| MET TRANSPRTN AUTH NY | 0.002577 |  |
| Lansing Board of Water & Light, Series 2026B | 0.002550 |  |
| MIAMI-DADE WTSW 5% 10/1/2027 | 0.002542 |  |
| NEW JERSEY ST ECON DEV AUTH RE REGD N/C B/E 5.00000000 | 0.002508 |  |
| MI FIN AUTH-A-REF | 0.002478 |  |
| Dallas (City of), TX Area Rapid Transit, Series 2019, Ref. RB | 0.002465 |  |
| Bay Area Toll Authority, Series 2017S-7 | 0.002458 |  |
| Ohio Water Development Authority, Series 2019A | 0.002446 |  |
| Alabama (State of) Public School & College Authority (Social Bonds), Series 2020 A, Ref. RB | 0.002402 | ✓ |
| Omaha Public Power District, Series 2016A | 0.002395 |  |
| COLORADO ST HLTH FACS | 0.002392 |  |
| Grand River Dam Authority, Series 2016 A, Ref. RB | 0.002350 |  |
| PREREF ALABAMA FEDERAL AID HIGHWAY FI REGD B/E PREREFUNDED 09/01/27 @ 100 5.00000000 | 0.002334 |  |
| ILL ST TOLL 5% 1/1/2027 | 0.002320 | ✓ |
| NYC TRANSITIONAL FIN | 0.002308 | ✓ |
| NEW YORK NY | 0.002252 | ✓ |
| FLORIDA INSURANCE ASSISTANCE INTERLOCAL AGY | 0.002236 | ✓ |
| State of Minnesota, Series 2021A | 0.002226 |  |
| PENNSYLVANIA ST | 0.002217 | ✓ |
| E-470 Public Highway Authority, Series 2004A | 0.002208 | ✓ |
| Indiana (State of) Finance Authority (CWA Authority), Series 2021, Ref. RB | 0.002175 |  |
| NJ EDA REV 4% 11/1/2027 | 0.002172 | ✓ |
| UNIV OF WASHINGTON WA UNIV REV REGD V/R B/E 4.00000000 | 0.002061 |  |
| Pflugerville Independent School District, Series 2019A | 0.002058 |  |
| RI COMMERCE CORP-B | 0.002043 | ✓ |
| Northside Independent School District, Series 2021 | 0.002023 |  |
| New Jersey Transportation Trust Fund Authority, Series 2022AA | 0.002016 | ✓ |
| Pennsylvania (Commonwealth of), First Series 2017, Ref. GO Bonds | 0.001959 | ✓ |
| VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY | 0.001938 |  |
| Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020 A, RB | 0.001915 | ✓ |
| ILLINOIS ST TOLL HIGHWAY AUTH | 0.001900 |  |
| NEW YORK NY REGD N/C B/E 5.00000000 | 0.001894 | ✓ |

## Schwab Municipal Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NEW YORK NY | 0.002702 |  |
| MASSACHUSETTS ST | 0.002519 |  |
| Gwinnett County School District, Series 2025, GO Bonds | 0.002481 |  |
| NEW YORK-G-G-1 | 0.002406 |  |
| PENNSYLVANIA ST-1ST | 0.002368 |  |
| NASHVILLE& DAVIDSON-A | 0.002365 |  |
| NEW YORK NY | 0.002249 |  |
| NYC TRANSITIONAL-F-1 | 0.002226 |  |
| State of California Department of Water Resources | 0.002192 |  |
| State of Oregon Department of Transportation, Series 2024A | 0.002113 |  |
| NYC TRANSITIONAL-S-1A | 0.002043 |  |
| GWINNETT GA SD 5% 2/1/2032 | 0.002013 |  |
| LOS ANGELES UNIF SD-A | 0.001979 |  |
| WASHING ST -C | 0.001973 |  |
| Pennsylvania Turnpike Commission, Series 2023-1 | 0.001935 |  |
| NEW YORK CITY NY MUNI | 0.001919 |  |
| State of California | 0.001914 |  |
| Louisville & Jefferson County Metropolitan Sewer District, Series 2024A | 0.001913 |  |
| MASSACHUSETTS ST | 0.001827 |  |
| MASSACHUSETTS ST DEV FIN AGY R REGD N/C B/E 5.00000000 | 0.001798 |  |
| Washington (State of), Series 2018 C, GO Bonds | 0.001747 |  |
| State of Maryland, Series 2023A | 0.001726 |  |
| IN FIN REV 5% 2/1/2039 | 0.001706 |  |
| NYC NY 5% 8/1/2034 | 0.001697 |  |
| NORTHWEST TX INDEP SCH DIST REGD B/E PSF-GTD 5.00000000 | 0.001695 |  |
| STATE OF CALIFORNIA 5.0% 04-01-49 | 0.001695 |  |
| MTA HUDSON RAIL YRD-A | 0.001687 |  |
| State of Connecticut 4.00% 01/15/2035 | 0.001663 |  |
| STATE OF CALIFORNIA 5.0% 09-01-31 | 0.001652 |  |
| UNIV CA REGENTS-CE | 0.001643 |  |
| NY STATE UR D 5% 3/15/2036 | 0.001631 |  |
| NEW YORK ST DORM AUTH SALES TAX REVENUE | 0.001612 |  |
| Highland Park Independent School District, Series 2024 | 0.001612 |  |
| PRIV CLGS & UNIVS AUTH GA | 0.001611 |  |
| NYC WTR 5.25% 6/15/55 | 0.001611 |  |
| County of Wake, Series 2023A | 0.001608 |  |
| ILLINOIS FN RV 5% 4/1/2034 | 0.001604 |  |
| NYC TRANSITIONAL-E-1 | 0.001595 |  |
| City of Alexandria | 0.001587 |  |
| MA ST-A | 0.001572 |  |
| State of California, Series 2024 | 0.001565 |  |
| State of Connecticut | 0.001548 |  |
| UNIV OF CA REGENTS-BQ | 0.001545 |  |
| WA ST-SER R-2023A-REF | 0.001545 |  |
| OH TPK 5% 2/15/2046 | 0.001538 |  |
| Chicago Transit Authority, Series A | 0.001525 |  |
| NEW YORK-D | 0.001519 |  |
| GREAT LAKES WTR 5.25% 7/1/2047 | 0.001515 |  |
| WILLIAMSON CO-NTS | 0.001512 |  |
| Texas Water Development Board, Series 2020 | 0.001512 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-007323` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000207169126007323/0002071691-26-007323-index.htm>
- N-PORT (fund B) — accession `0001410368-26-050059` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1454889/000141036826050059/0001410368-26-050059-index.htm>

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