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iShares National Muni Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The iShares National Muni Bond ETF seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds. |
| Category | Municipals |
| Fund Sponsor | BlackRock Fund Advisors |
| Website | www.ishares.com |
| Inception date | Sep 07, 2007 |
| Assets (mns) | $36,256 |
| Currency | USD |
| Expense ratio | 5 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Full |
| No. of constituents | 3857 |
| No of distinct issuers | 663 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 3% /97% |
| Non-standard maturity (callable, etc.) | 61% |
| 0.0% /00/00 | 1.5 % |
| NEW YORK N Y CITY TRA 5.3% 7/15/37 | 0.2 % |
| SAN FRANCISCO CALIF C 4.0% 1/01/42 | 0.2 % |
| UNIVERSITY CALIF REVS 5.0% 5/15/38 | 0.2 % |
| CALIFORNIA ST 5.0% 11/01/43 | 0.2 % |
| ORANGE CNTY CALIF LOC 5.0% 2/15/40 | 0.2 % |
| NEW YORK ST DORM AUTH 5.0% 3/15/20 | 0.2 % |
| WASHINGTON ST 5.0% 6/01/41 | 0.2 % |
| CALIFORNIA ST 5.0% 1/01/29 | 0.2 % |
| CALIFORNIA ST 5.0% 1/01/48 | 0.2 % |
| TOTAL | 3.2 % |
|---|
| CALIFORNIA ST | 4.5% |
| New York N Y City Transitional Fin... | 2.9% |
| New York St Dorm Auth St Pers Inco... | 2.5% |
| NEW JERSEY ST TRANSN TR FD AUTH | 2.2% |
| CALIFORNIA ST FOR PREVIOUS ISSUES ... | 2.0% |
 |
UNITED STATES | 97.4 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| -0.3% | 3.1% | 1.7% | 2.5% | 3.2% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.88 | 90% |
| S&P500 | 0.25 | 45% |
| MSCI EAFE | 0.30 | 59% |
| MSCI Emg. Mkts. | 0.28 | 55% |
| Recent close | $106.44 |
| 30d moving avg. | $105.59 |
| Annualized volatility | 6.7% |
| Short interest (ETF) | 1.3% |
| Relative strength (RSI) | 83 |
| Avg. volume (thou.) | 3,788 |
| Avg. daily value traded (mns) | $403 |
| Turnover | 1.1% |
| Bid/Ask (% of price) | 0.01 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| MUB | 9.1 yrs | Category Avg.* |
7.8 yrs |
| MUB | 9.0% | Category Avg.* |
7.7% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 6.40% | -18.0% | $87.28 |
| +200 bp | 5.40% | -14.0% | $91.54 |
| +150 bp | 4.90% | -11.2% | $94.47 |
| +100 bp | 4.40% | -8.0% | $97.93 |
| +75 bp | 4.15% | -6.2% | $99.85 |
| +50 bp | 3.90% | -4.2% | $101.92 |
| +25 bp | 3.65% | -2.2% | $104.11 |
| 0 bp | 3.40% | 0% | $106.44 |
| -25 bp | 3.15% | 2.3% | $108.90 |
| -50 bp | 2.90% | 4.7% | $111.50 |
| -75 bp | 2.65% | 7.3% | $114.22 |
| -100 bp | 2.40% | 10.0% | $117.08 |
| -150 bp | 1.90% | 15.7% | $123.20 |
| -200 bp | 1.40% | 22.0% | $129.86 |
| -300 bp | 0.40% | 36.0% | $144.76 |
*Fund Category: MUNICIPALS
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
340 | bp |
| Less: Annual "default factor" |
8 | bp |
| Less: Expense ratio | 5 | bp |
| Equals: ALTAR Score | 3.27 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.6% |
| Corporate | 4.5% |
| Emerging Market | 6.3% |
| Government | 4.7% |
| Inflation Protected | 3.0% |
| Mortgage | 5.3% |
| Municipals | 3.4% |
| *Note: The iShares National Muni Bond ETF is classified as a Municipals fund. | |