Fixed Income

MUB

iShares National Muni Bond ETF

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Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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This chart shows the fund's performance as the percentage loss or gain per year over the last 10 years.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 8.6 3.0 0.1 4.6 0.9 7.3 4.9 1.2 -7.5 5.9
Benchmark (%) 8.9 3.3 0.4 5.1 1.0 7.4 4.9 1.5 -7.7 5.9
  From
30/Sept/2019
To
30/Sept/2020
From
30/Sept/2020
To
30/Sept/2021
From
30/Sept/2021
To
30/Sept/2022
From
30/Sept/2022
To
30/Sept/2023
From
30/Sept/2023
To
30/Sept/2024
Total Return (%)

as of 30/Sept/2024

3.67 2.21 -10.09 2.61 9.23
Benchmark (%)

as of 30/Sept/2024

3.67 2.62 -10.44 2.74 9.43
  1y 3y 5y 10y Incept.
9.23 0.25 1.32 2.28 3.25
Benchmark (%) 9.43 0.23 1.39 2.45 3.39
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.09 0.94 2.49 2.54 9.23 0.77 6.77 25.26 72.64
Benchmark (%) 2.21 0.94 2.55 2.65 9.43 0.69 7.12 27.39 76.75

Key Facts

Key Facts

Net Assets of Fund
as of 13/Nov/2024
USD 39’969’669’066
Exchange
NYSE Arca
Benchmark Index
ICE AMT-Free US National Municipal Index (USD)
Distribution Frequency
Monthly
CUSIP
464288414
Fund Launch Date
07/Sept/2007
Asset Class
Fixed Income
Index Ticker
MNAF
Premium/Discount
as of 13/Nov/2024
0.10%
Volume - 1d
as of 13/Nov/2024
5’306’370.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 13/Nov/2024
5’825
12 Month Trailing Dividend Distribution Yield
as of 13/Nov/2024
2.96%
Weighted Av YTM
as of 13/Nov/2024
3.48%
Weighted Avg Coupon
as of 13/Nov/2024
4.69
Effective Duration
as of 13/Nov/2024
6.28
Option Adjusted Spread
as of 13/Nov/2024
22.69
Equity Beta (3y)
as of 31/Oct/2024
0.28
Standard Deviation (3y)
as of 31/Oct/2024
6.87%
Tax Equiv. SEC Yield
as of 13/Nov/2024
5.74%
Weighted Avg Maturity
as of 13/Nov/2024
6.91 yrs
Convexity
as of 13/Nov/2024
-0.21

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Fees

Fees

as of current prospectus
Management Fee 0.05
Acquired Fund Fees and Expenses 0.00
Foreign Taxes and Other Expenses 0.00
Gross Expense Ratio 0.05

Ratings

Ratings

Morningstar Rating

3 stars
Overall Morningstar Rating for iShares National Muni Bond ETF, , as of 31/Oct/2024 rated against 257 Muni National Interm Funds.

Morningstar Medalist Rating

Morningstar Medalist Rating - SILVER
Morningstar has awarded the Fund a Silver medal. (Effective 04/Jan/2024)
Analyst-Driven % as of 04/Jan/2024
100.00
Data Coverage % as of 04/Jan/2024
100.00

Registered Locations

Registered Locations

Holdings

Holdings

as of 13/Nov/2024
Issuer Weight (%)
CALIFORNIA (STATE OF) 4.69
DORMITORY AUTHORITY OF STATE OF NEW YORK 3.74
NEW YORK CITY TRANSITIONAL FIN AUTH 3.73
NEW YORK CITY OF 2.59
MASSACHUSETTS (COMMONWEALTH OF) 2.51
Issuer Weight (%)
NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY 2.22
WASHINGTON (STATE OF) 1.99
NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY 1.93
ILLINOIS (STATE OF) 1.80
CONNECTICUT (STATE OF) 1.77
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Accrual Date Effective Date
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.



The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of 13/Nov/2024

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of 13/Nov/2024

% of Market Value

Type Fund
as of 13/Nov/2024

% of Market Value

Type Fund
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of 13/Nov/2024

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker
NYSE Arca MUB USD 10/Sept/2007 - -
Bolsa Mexicana De Valores MUB MXN 21/Sept/2022 BM9YH72 MUB* MM
Santiago Stock Exchange MUB USD 15/Nov/2021 BP4BKF8 -

Literature

Literature