Fixed Income

SUB

iShares Short-Term National Muni Bond ETF

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

Record Date Ex-Date Payable Date
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Premium/Discount

  1y 3y 5y 10y Incept.
2.51 2.27 1.45 1.27 1.66
Market Price (%) 2.55 2.34 1.50 1.32 1.68
Benchmark (%) 2.76 2.43 1.69 1.54 1.94
After Tax Pre-Liq. (%) 2.51 2.27 1.45 1.27 1.66
After Tax Post-Liq. (%) 1.97 2.07 1.38 1.22 1.54
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.03 0.19 -0.03 0.22 2.51 6.97 7.44 13.51 22.61
Market Price (%) -0.11 0.22 -0.11 0.24 2.55 7.17 7.75 13.99 22.99
Benchmark (%) 0.08 0.20 0.08 0.42 2.76 7.46 8.72 16.56 26.88
After Tax Pre-Liq. (%) -0.03 0.19 -0.03 0.22 2.51 6.97 7.44 13.50 22.61
After Tax Post-Liq. (%) 0.05 0.14 0.05 0.33 1.97 6.33 7.11 12.92 20.90
  2016 2017 2018 2019 2020
Total Return (%) -0.03 0.90 1.57 3.09 2.27
Market Price (%) -0.04 0.72 1.83 2.90 2.58
Benchmark (%) 0.20 1.38 1.76 3.24 2.37
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets as of Apr 13, 2021 $4,604,063,089
Inception Date Nov 05, 2008
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index S&P Short Term National AMT-Free Municipal Bond Index
Bloomberg Index Ticker SPMU5YRT
Shares Outstanding as of Apr 13, 2021 42,800,000
Premium/Discount as of Apr 13, 2021 0.23%
CUSIP 464288158
Closing Price as of Apr 13, 2021 107.82
Options Available No
30 Day Avg. Volume as of Apr 13, 2021 234,310.00
30 Day Median Bid/Ask Spread as of Apr 13, 2021 0.02%
Daily Volume as of Apr 13, 2021 207,710.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Apr 13, 2021 1,754
Equity Beta (3y) as of Mar 31, 2021 0.02
30 Day SEC Yield as of Apr 12, 2021 0.24%
Average Yield to Maturity as of Apr 13, 2021 0.25%
Standard Deviation (3y) as of Mar 31, 2021 1.43%
12m Trailing Yield as of Apr 12, 2021 1.11%
Tax Equiv. SEC Yield as of Apr 12, 2021 0.42%
Weighted Avg Coupon as of Apr 13, 2021 4.86%
Effective Duration as of Apr 13, 2021 1.99 yrs
Weighted Avg Maturity as of Apr 13, 2021 2.10 yrs
Convexity as of Apr 13, 2021 0.05
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered 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. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Fees

Fees

as of current prospectus
Management Fee 0.07%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.07%

Holdings

Holdings

as of Apr 13, 2021
Issuer Weight (%)
CALIFORNIA (STATE OF) 5.97
DORMITORY AUTHORITY OF STATE OF NEW YORK 4.07
NEW YORK N Y 3.52
MASSACHUSETTS (COMMONWEALTH OF) 3.10
MARYLAND (STATE OF) 2.89
Issuer Weight (%)
NORTH CAROLINA (STATE OF) 2.75
PENNSYLVANIA (COMMONWEALTH OF) 2.68
ILLINOIS (STATE OF) 2.33
GEORGIA (STATE OF) 2.32
NEW YORK ST URBAN DEV CORP 2.31
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 Effective Date Accrual Date
Holdings are subject to change.

Non-U.S. securities whose values are affected by volatility that occurs in global markets or in related or highly correlated assets (e.g., American Depositary Receipts, Global Depositary Receipts or substantially identical ETFs) on a trading day after the close of non-U.S. securities markets may be fair valued. On days where non-U.S. securities markets are closed, BlackRock Fund Advisors, an affiliate of BlackRock Investments, LLC, will determine the fair value of the stocks traded on that local market, in accordance with policies and procedures approved by the Fund’s Board of Directors/Trustees. Fair value adjustments may be calculated by referring to instruments and markets that have continued to trade, such as exchange-traded funds, correlated stock market indices or index futures. 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 Apr 13, 2021

% 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. Bonds are included in US bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer. 
as of Apr 13, 2021

% of Market Value

Type Fund
as of Apr 13, 2021

% 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 Apr 13, 2021

% 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.