iShares Long-Term National Muni Bond ETF

Frequently Asked Questions About LMUB

What does LMUB invest in?

The iShares Long-Term National Muni Bond ETF (LMUB) endeavors to match the returns of a particular market index. This benchmark exclusively holds high-quality, U.S.-issued municipal bonds. To be included, these bonds must possess remaining maturities of at least twelve years.

What is the expense ratio of LMUB?

iShares Long-Term National Muni Bond ETF (LMUB) charges an expense ratio of 0.09%. This is the annual fee deducted from fund assets to cover management and operations.

What is LMUB's dividend yield?

LMUB's trailing-twelve-month yield is 3.99%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of LMUB?

Effective duration measures LMUB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LMUB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of LMUB?

LMUB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of LMUB?

Yield to maturity (YTM) is the total return you'd earn from LMUB if every bond in the portfolio is held to maturity at the current price. LMUB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.