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iShares National Muni Bond
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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 10, 2007 |
| Assets (mns) | $13,875 |
| Currency | USD |
| Expense ratio | 7 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. |
| 5.6% | 7.0% | 3.3% | 4.1% | 4.0% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.02 | 68% |
| S&P500 | -0.04 | 1% |
| MSCI EAFE | 0.04 | 1% |
| MSCI Emg. Mkts. | 0.04 | 3% |
| Recent close | $115.00 |
| 30d moving avg. | $114.14 |
| Annualized volatility | 3.7% |
| Short interest (ETF) | 0.6% |
| Relative strength (RSI) | 75 |
| Avg. volume (thou.) | 699 |
| Avg. daily value traded (mns) | $80 |
| Turnover | 0.6% |
| 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 | 5.56% | -18.0% | $94.30 |
| +200 bp | 4.56% | -14.0% | $98.90 |
| +150 bp | 4.06% | -11.2% | $102.06 |
| +100 bp | 3.56% | -8.0% | $105.80 |
| +75 bp | 3.31% | -6.2% | $107.88 |
| +50 bp | 3.06% | -4.2% | $110.11 |
| +25 bp | 2.81% | -2.2% | $112.48 |
| 0 bp | 2.56% | 0% | $115.00 |
| -25 bp | 2.31% | 2.3% | $117.66 |
| -50 bp | 2.06% | 4.7% | $120.46 |
| -75 bp | 1.81% | 7.3% | $123.41 |
| -100 bp | 1.56% | 10.0% | $126.50 |
| -150 bp | 1.06% | 15.7% | $133.11 |
| -200 bp | 0.56% | 22.0% | $140.30 |
| -300 bp | -0.44% | 36.0% | $156.40 |
*Fund Category: MUNICIPALS
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
256 | bp |
| Less: Annual "default factor" |
8 | bp |
| Less: Expense ratio | 7 | bp |
| Equals: ALTAR Score | 2.41 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.2% |
| Emerging Market | 3.6% |
| Government | 1.6% |
| Inflation Protected | 1.7% |
| Mortgage | 2.8% |
| Municipals | 2.2% |
| *Note: The iShares National Muni Bond is classified as a Municipals fund. | |