IBMR vs MUNC
iShares iBonds Dec 2029 Term Muni Bond ETF compared with Northern Trust 2045 Tax-Exempt Distributing Ladder ETF on yield, payout growth, payment schedule, cost and risk.
IBMR
iShares iBonds Dec 2029 Term Muni Bond ETF
TTM yield · Monthly
MUNC
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF
TTM yield · Monthly
Quick take
- MUNC yields more today: 3.34% vs 2.55% (forward).
- Both pay every month.
- Over the last year IBMR delivered the higher total return: +0.8% vs -0.8% (price change plus payouts).
- IBMR is cheaper to own: 0.10% vs 0.18% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | IBMR | MUNC |
|---|---|---|
| Share price | $25.09 | $98.15 |
| TTM yield | 2.55% | 3.34% |
| Forward yield | 2.55% | 3.34% |
| Annual payout per share | $0.64 | $3.278 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Oct 31, 2026 (est.) |
| Expense ratio | 0.10% | 0.18% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | 0 years |
| Payout consistency (last 12) | 97/100 | 91/100 |
| 1-year total return | +0.8% | -0.8% |
| 1-year price return | -1.7% | -4.0% |
| Size (market cap / AUM) | 486.9M | 7.7M |
| Years paying | 3.3 | 1.1 |
| Sector / category | Muni Target Maturity | Muni Target Maturity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| IBMR | MUNC | |
|---|---|---|
| Shares | 398.5 | 101.9 |
| Income per year | $255 | $334 |
| Income per month (avg) | $21 | $28 |
At forward yields, before taxes. Model IBMR · Model MUNC
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| IBMR Oct 31, 2026 | Nov 14, 2026 | $0.0533 | Est. |
| IBMR Nov 30, 2026 | Dec 14, 2026 | $0.0533 | Est. |
| IBMR Dec 30, 2026 | Jan 13, 2027 | $0.0533 | Est. |
| MUNC Oct 31, 2026 | Nov 14, 2026 | $0.2732 | Est. |
| MUNC Nov 30, 2026 | Dec 14, 2026 | $0.2732 | Est. |
| MUNC Dec 30, 2026 | Jan 13, 2027 | $0.2732 | Est. |
Annual payouts per share
IBMRMUNC
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, IBMR or MUNC?
MUNC currently has the higher trailing yield: IBMR yields 2.55% and MUNC yields 3.34%. Yield changes daily with price, so check the live figures above.
How often do IBMR and MUNC pay?
IBMR pays every month and MUNC pays every month. IBMR's next ex-date is Oct 31, 2026 and MUNC's is Oct 31, 2026.
Is IBMR or MUNC better for income?
It depends on what you are optimising for. IBMR and MUNC differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.