Fixed Income

LMUB

iShares Long-Term National Muni Bond ETF

  • NAV as of Apr 25, 2025 $48.92
  • 1 Day NAV Change as of Apr 25, 2025 0.18 (0.37%)
  • Fees as stated in the prospectus Expense Ratio: 0.09%

Overview

Why LMUB?

1. Access: Exposure to a diversified portfolio of long term municipal bonds in a single fund.

2. Low cost: Cost effective muni bond ETF, helping you keep more of what you earn.

3. Seek tax-free income: Use LMUB to pursue federal tax-exempt income and add exposure to long term bonds.

INVESTMENT OBJECTIVE

The iShares Long-Term National Muni Bond ETF seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds with remaining maturities of 12 years or more.
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Performance

Performance

Growth of Hypothetical $10,000

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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

Record Date Ex-Date Payable Date
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Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Premium/Discount

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  1y 3y 5y 10y Incept.
Total Return (%)

as of Mar 31, 2025

- - - - -
Market Price (%)

as of Mar 31, 2025

- - - - -
After Tax Pre-Liq. (%)

as of Mar 31, 2025

- - - - -
After Tax Post-Liq. (%)

as of Mar 31, 2025

- - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%)

as of Mar 31, 2025

- - - - - - - - -0.54
Market Price (%)

as of Mar 31, 2025

- - - - - - - - -0.50
After Tax Pre-Liq. (%)

as of Mar 31, 2025

- - - - - - - - -0.54
After Tax Post-Liq. (%)

as of Mar 31, 2025

- - - - - - - - -0.32
Performance data is not currently available
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 of Fund
as of Apr 25, 2025
$22,012,003
Exchange
NYSE Arca
Benchmark Index
ICE AMT-Free US Long National Municipal Index
Shares Outstanding
as of Apr 25, 2025
450,000
Premium/Discount
as of Apr 25, 2025
0.50%
Closing Price
as of Apr 25, 2025
49.16
30 Day Median Bid/Ask Spread
as of Apr 25, 2025
0.33%
Fund Launch Date
Mar 17, 2025
Asset Class
Fixed Income
Bloomberg Index Ticker
MNLG
Distribution Frequency
Monthly
CUSIP
46438G448
30 Day Avg. Volume
as of Apr 25, 2025
10,850.00
Daily Volume
as of Apr 25, 2025
9,599.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Apr 25, 2025
182
30 Day SEC Yield
as of Apr 24, 2025
3.87%
Standard Deviation (3y)
as of -
-
Tax Equiv. SEC Yield
as of -
-
Weighted Avg Maturity
as of Apr 24, 2025
12.52 yrs
Convexity
as of Apr 24, 2025
0.31
Equity Beta (3y)
as of -
-
12m Trailing Yield
as of Apr 24, 2025
-
Average Yield to Maturity
as of Apr 24, 2025
4.57%
Weighted Avg Coupon
as of Apr 24, 2025
4.51
Effective Duration
as of Apr 24, 2025
10.84 yrs
Option Adjusted Spread
as of Apr 24, 2025
34.09 bps
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Management Fee 0.09%
Acquired Fund Fees and Expenses 0.00%
Other Expenses 0.00%
Expense Ratio 0.09%

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".

Ratings

Holdings

Holdings

as of Apr 24, 2025
Issuer Weight (%)
NEW YORK CITY TRANSITIONAL FIN AUTH 4.91
NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY 3.42
CALIFORNIA (STATE OF) 3.15
TRIBOROUGH BRIDGE & TUNNEL AUTHORITY 2.43
DORMITORY AUTHORITY OF STATE OF NEW YORK 2.33
Issuer Weight (%)
NEW YORK ST URBAN DEV CORP 2.19
METROPOLITAN TRANSPORTATION AUTHORITY 2.10
MASSACHUSETTS (COMMONWEALTH OF) 2.01
NEW YORK CITY OF 1.93
TEXAS WATER DEV BRD 1.80
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 Accrual Date Effective Date
Detailed Holdings and Analytics
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. 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

Exposure Breakdowns

as of Apr 24, 2025

% 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, 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.
as of Apr 24, 2025

% of Market Value

Type Fund
as of Apr 24, 2025

% 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 24, 2025

% 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.

Literature

Literature

 

READY TO INVEST?

READY TO INVEST?

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

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