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iShares Short-Term National Muni Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| iShares Short Term National AMT-Free Muni Bond ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds with remaining maturities between one month and five years. |
| Category | Municipals |
| Fund Sponsor | BlackRock Fund Advisors |
| Website | www.ishares.com |
| Inception date | Nov 05, 2008 |
| Assets (mns) | $8,897 |
| 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 | 1039 |
| No of distinct issuers | 269 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 4% /96% |
| Non-standard maturity (callable, etc.) | 17% |
| 0.0% /00/00 | 1.5 % |
| ILLINOIS ST 5.0% 11/01/22 | 0.6 % |
| HONOLULU HAWAII CITY 5.0% 7/01/42 | 0.6 % |
| MASSACHUSETTS ST 5.0% 11/01/25 | 0.5 % |
| NEW JERSEY ST TPK AUT 5.0% 1/01/38 | 0.5 % |
| NEW YORK ST DORM AUTH 5.0% 3/15/21 | 0.5 % |
| UNIVERSITY UTAH UNIV 5.0% 8/01/43 | 0.5 % |
| BAY AREA TOLL AUTH CA 5.0% 4/01/43 | 0.5 % |
| SAN ANTONIO TEX ELEC 5.0% 2/01/20 | 0.4 % |
| MIAMI-DADE CNTY FLA A 5.5% 1/01/41 | 0.4 % |
| TOTAL | 6.0 % |
|---|
| MASSACHUSETTS ST | 3.9% |
| CALIFORNIA ST | 3.5% |
| NEW YORK ST DORM AUTH ST PERS INCO... | 3.3% |
| New Jersey St Transn Tr Fd Auth | 2.5% |
| NEW YORK ST URBAN DEV CORP REV | 2.5% |
 |
UNITED STATES | 98.4 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| -0.3% | 2.2% | 1.1% | 1.0% | 1.3% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.33 | 76% |
| S&P500 | 0.09 | 35% |
| MSCI EAFE | 0.11 | 47% |
| MSCI Emg. Mkts. | 0.10 | 44% |
| Recent close | $104.62 |
| 30d moving avg. | $104.47 |
| Annualized volatility | 2.7% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 80 |
| Avg. volume (thou.) | 439 |
| Avg. daily value traded (mns) | $46 |
| Turnover | 0.5% |
| Bid/Ask (% of price) | 0.01 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SUB | 2.8 yrs | Category Avg.* |
7.8 yrs |
| SUB | 2.8% | Category Avg.* |
7.7% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 5.33% | -0.9% | $103.72 |
| +200 bp | 4.33% | -2.2% | $102.27 |
| +150 bp | 3.83% | -2.3% | $102.20 |
| +100 bp | 3.33% | -2.0% | $102.57 |
| +75 bp | 3.08% | -1.6% | $102.92 |
| +50 bp | 2.83% | -1.2% | $103.38 |
| +25 bp | 2.58% | -0.6% | $103.94 |
| 0 bp | 2.33% | 0% | $104.62 |
| -25 bp | 2.08% | 0.7% | $105.40 |
| -50 bp | 1.83% | 1.6% | $106.30 |
| -75 bp | 1.58% | 2.6% | $107.30 |
| -100 bp | 1.33% | 3.6% | $108.41 |
| -150 bp | 0.83% | 6.1% | $110.96 |
| -200 bp | 0.33% | 8.9% | $113.95 |
| -300 bp | -0.67% | 15.9% | $121.23 |
*Fund Category: MUNICIPALS
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
233 | bp |
| Less: Annual "default factor" |
5 | bp |
| Less: Expense ratio | 7 | bp |
| Equals: ALTAR Score | 2.21 | % |
| 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 Short-Term National Muni Bond ETF is classified as a Municipals fund. | |