MEAR
Fixed IncomeACTIVE

iShares Short Maturity Municipal Bond Active ETF

NAV as ofMay 15, 2026
$50.1752 WK: 50.00 - 50.60
1 Day NAV Change as ofMay 15, 2026
Decrease $-0.05(-0.09%)
May 14, 2026
YTD: Increase 0.81%
May 14, 2026
2.90%
May 14, 2026
2.86%
Expense Ratio:Fees as stated in the prospectus
0.26%
4 stars
NAV as ofMay 15, 2026
$50.1752 WK: 50.00 - 50.60
1 Day NAV Change as ofMay 15, 2026
Decrease $-0.05(-0.09%)
May 14, 2026
YTD: Increase 0.81%
May 14, 2026
2.90%
May 14, 2026
2.86%
Expense Ratio:Fees as stated in the prospectus
0.26%
4 stars

Effective on October 1, 2025, the Fund expects to start utilizing ICE Data Services, Inc. as the primary pricing vendor for municipal securities in determining the Fund’s Net Asset Value. For additional information on the valuation of Fund assets, please see the Fund’s Prospectus and Statement of Additional Information.

The iShares Short Maturity Municipal Bond Active ETF seeks consistent tax-exempt income with low interest rate sensitivity through actively managed exposure to short-term municipal bonds. The fund offers a way to pursue tax-exempt income with less interest rate risk.

Key Facts

Net Assets of Fund
Fund Inception
Benchmark Index
Exchange
Cboe BZX
Monthly
CUSIP
46431W838
114,519.00
as of May 15, 2026
131,195.00
as of May 15, 2026
Asset Class
Fixed Income
Shares Outstanding
27,050,000
as of May 15, 2026
0.12
as of May 15, 2026
Closing Price
50.23
as of May 15, 2026
0.06%
as of May 15, 2026

Portfolio Characteristics

0.71%
as of Apr 30, 2026
4.90%
as of May 14, 2026
1.40 yrs
as of May 14, 2026
0.03
as of May 14, 2026
0.04
as of Apr 30, 2026
2.88%
as of May 14, 2026
3.69
as of May 14, 2026
1.29 yrs
as of May 14, 2026
29.67 bps
as of May 14, 2026

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section.

More Funds to Consider

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iShares Short Duration High Yield Muni Active ETFView SHYM
HIMU
iShares High Yield Muni Active ETFView HIMU

Holdings

Holdings are subject to change.


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. Notional value represents the portfolio's exposures based on the economic value of investments and options are delta-adjusted. 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

Geography
% of Market Value as of May 14, 2026
Texas8.83%
Alabama5.39%
Georgia4.93%
New York3.38%
Kentucky2.95%
Oregon2.72%
Pennsylvania2.72%
California2.31%
Illinois2.27%
Tennessee2.17%
Iowa1.87%
Florida1.62%

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, excluding currency holdings. Percentages do not reflect fair valuation. In some instances, percentages may reflect the location where the issuer of the securities carries out much of their business. Bonds are included in U.S. bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer.

Allocations are subject to change.

Ratings

Rated by Morningstar
4 stars
Overall Morningstar Rating for iShares Short Maturity Municipal Bond Active ETF, as of Apr 30, 2026 rated against 202 Muni National Short Funds based on risk adjusted total return.

Gain the advantage of real-time expert portfolio management

Access the expertise of BlackRock portfolio managers to seek superior market returns or targeted outcomes with iShares Active ETFs.

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Performance

1y3y5y10yIncept.
Total Return (%)
3.163.522.301.751.65
Market Price (%)
3.123.502.311.751.65
Benchmark (%)
3.043.041.821.611.52
After Tax Pre-Liq. (%)
3.163.522.301.751.65
After Tax Post-Liq. (%)
3.063.452.291.731.63

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.

-

The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

May 01, 2026May 01, 2026May 06, 2026$0.127584$0.127584$0.000000$0.000000$0.000000
Apr 01, 2026Apr 01, 2026Apr 07, 2026$0.112754$0.112754$0.000000$0.000000$0.000000
Mar 02, 2026Mar 02, 2026Mar 05, 2026$0.113823$0.113823$0.000000$0.000000$0.000000
Feb 02, 2026Feb 02, 2026Feb 05, 2026$0.104722$0.104722$0.000000$0.000000$0.000000
Dec 19, 2025Dec 19, 2025Dec 24, 2025$0.117432$0.117432$0.000000$0.000000$0.000000
Dec 01, 2025Dec 01, 2025Dec 04, 2025$0.124709$0.124709$0.000000$0.000000$0.000000
Nov 03, 2025Nov 03, 2025Nov 06, 2025$0.123397$0.123397$0.000000$0.000000$0.000000
Oct 01, 2025Oct 01, 2025Oct 06, 2025$0.124883$0.124883$0.000000$0.000000$0.000000
Sep 02, 2025Sep 02, 2025Sep 05, 2025$0.124424$0.124424$0.000000$0.000000$0.000000
Aug 01, 2025Aug 01, 2025Aug 06, 2025$0.117209$0.117209$0.000000$0.000000$0.000000
Showing 1 to 10 of 134

Portfolio Managers

James Mauro

James Mauro

Fees

as of current prospectus
Management Fee
0.25%
0.00%
Other Expenses
+0.01%

0.26%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.