Fixed Income

INMU

iShares Intermediate Muni Income Active ETF

  • NAV as of Apr 22, 2025 $23.02
    52 WK: 22.76 - 24.00
  • 1 Day NAV Change as of Apr 22, 2025 -0.09 (-0.39%)
  • Morningstar Rating
  • Fees as stated in the prospectus Expense Ratio: 0.41%
    Net Expense Ratio: 0.30%

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Chart
Line chart with 1032 data points.
The chart has 1 X axis displaying Time. Range: 2021-03-16 00:00:00 to 2025-04-22 00:00:00.
The chart has 1 Y axis displaying values. Range: -10 to 10.
YTD6M1Y3Y5Y10YAll
End of interactive chart.
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

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Premium/Discount

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  1y 3y 5y 10y Incept.
Total Return (%) 2.84 2.33 - - 1.15
Market Price (%) 3.06 2.33 - - 1.25
Benchmark (%) 1.90 1.96 - - 0.25
After Tax Pre-Liq. (%) 2.81 2.31 - - 1.10
After Tax Post-Liq. (%) 3.10 2.48 - - 1.43
BBG Muni 90% Investment Grade (1-15 Years) + 10% High Yield Custom 1.91 2.09 - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) 0.61 -1.12 0.61 -0.15 2.84 7.16 - - 4.71
Market Price (%) 0.80 -1.00 0.80 -0.07 3.06 7.16 - - 5.15
Benchmark (%) 0.74 -0.93 0.74 -0.41 1.90 5.98 - - 1.02
After Tax Pre-Liq. (%) 0.61 -1.12 0.61 -0.16 2.81 7.10 - - 4.53
BBG Muni 90% Investment Grade (1-15 Years) + 10% High Yield Custom 0.48 -1.18 0.48 -0.52 1.91 6.41 - - -
After Tax Post-Liq. (%) 0.60 -0.54 0.60 0.61 3.10 7.63 - - 5.93
  2020 2021 2022 2023 2024
Total Return (%) - - -6.69 5.78 2.44
Market Price (%) - - -7.76 6.49 2.77
Benchmark (%) - - -5.50 4.68 0.67
BBG Muni 90% Investment Grade (1-15 Years) + 10% High Yield Custom - - -6.03 5.44 1.32
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. Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.

Key Facts

Key Facts

Net Assets of Fund
as of Apr 22, 2025
$69,049,654
Exchange
NYSE Arca
Benchmark Index
BBG Municipal Bond 3-10Yr Index (Risk Basis: MUNI)
Shares Outstanding
as of Apr 22, 2025
3,000,000
Premium/Discount
as of Apr 22, 2025
0.62%
Closing Price
as of Apr 22, 2025
23.16
30 Day Median Bid/Ask Spread
as of Apr 22, 2025
0.13%
Fund Launch Date
Mar 16, 2021
Asset Class
Fixed Income
Secondary Benchmark
BBG Muni 90% Investment Grade (1-15 Years) + 10% High Yield Custom
Distribution Frequency
Monthly
CUSIP
092528207
30 Day Avg. Volume
as of Apr 22, 2025
73,259.00
Daily Volume
as of Apr 22, 2025
23,765.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of Apr 22, 2025
149
30 Day SEC Yield
as of Apr 21, 2025
3.87%
Standard Deviation (3y)
as of Mar 31, 2025
5.41%
Average Yield to Maturity
as of Apr 22, 2025
4.50%
Weighted Avg Coupon
as of Apr 22, 2025
4.91
Effective Duration
as of Apr 22, 2025
5.78 yrs
Option Adjusted Spread
as of Apr 22, 2025
83.80 bps
Equity Beta (3y)
as of Mar 31, 2025
0.23
12m Trailing Yield
as of Apr 21, 2025
3.56%
Unsubsidized 30-Day SEC Yield
as of Apr 21, 2025
3.76%
Tax Equiv. SEC Yield
as of Apr 21, 2025
6.54%
Weighted Avg Maturity
as of Apr 22, 2025
6.49 yrs
Convexity
as of Apr 22, 2025
-0.32
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 0.40%
Acquired Fund Fees and Expenses 0.01%
Other Expenses 0.00%
Expense Ratio 0.41%
Fee Waivers 0.11%
Net Expense Ratio 0.30%

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

Morningstar Rating

5 stars
Overall Morningstar Rating for iShares Intermediate Muni Income Active ETF, as of Mar 31, 2025 rated against 260 Muni National Interm Funds based on risk adjusted total return.

Holdings

Holdings

as of Apr 22, 2025
Issuer Weight (%)
BLACK BELT ENERGY GAS DIST 5.66
COMMONWEALTH FINANCING AUTHORITY PA 4.81
NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY 3.06
NEW YORK CITY TRANSITIONAL FIN AUTH 2.47
MAIN STREET NATURAL GAS INC GA 2.45
Issuer Weight (%)
DORMITORY AUTHORITY OF STATE OF NEW YORK 2.29
BROWARD CNTY FLA SCH BRD 2.28
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT 2.22
LOS ANGELES DEPARTMENT OF AIRPORTS LOS ANGELES INTERNATIONAL AIR 2.03
PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY 2.01
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 22, 2025

% of Market Value

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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 22, 2025

% of Market Value

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as of Apr 22, 2025

% of Market Value

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 22, 2025

% of Market Value

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.

Portfolio Managers

Portfolio Managers

James Mauro
James Mauro
Christian Romaglino, CFA
Christian Romaglino, CFA
Director, Portfolio Manager, Municipal Mutual Funds

   

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Christian Romaglino, CFA, Director, is a Portfolio Manager for the Municipal Fixed Income business within BlackRock's Portfolio Management Group.
Prior to joining BlackRock in 2017, Mr. Romaglino was a Portfolio Manager at Brown Brothers Harriman focusing on a diverse set of institutional mandates and high net worth SMAs. Mr. Romaglino also held various trading and portfolio construction positions at Brown Brothers Harriman across several taxable fixed income sectors prior to 2010 when he transitioned to Municipals.
Mr. Romaglino earned a BS degree in Industrial Engineering from Lehigh University.

Phillip Soccio, CFA
Phillip Soccio, CFA
Director, Portfolio Manager, Municipal Mutual Funds

  

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Phillip Soccio, CFA, Director, is a Portfolio Manager for the Municipal Fixed Income business in BlackRock's Portfolio Management Group. Prior to assuming his current role in 2007, Mr. Soccio was a member of BlackRock's Cash Management Group, where he was responsible for managing various tax-exempt money market funds. From 1998 to 2000, he was a member of BlackRock's Account Management Group responsible for institutional client service and marketing support. Mr. Soccio began his career at BlackRock in 1998.

Mr. Soccio earned a BS degree in finance from Wilmington University.

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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.

Any links to third-party websites are provided for use at your own discretion. Each third party is solely responsible for the content presented and availability of its website. BlackRock does not control, monitor or maintain third-party websites, their content or the products/services they offer. Content may change without notice. When you leave BlackRock’s website and enter a third-party website, you will be subject to that site’s terms, policies and/or notices, including those related to privacy and security, as applicable. Please review those policies and notices on the third-party website.

Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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