iShares Intermediate Muni Income Active ETF
INMU
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Mar 19, 2021
- Website
- ishares.com
- Similar Companies
- Business
- iShares Intermediate Muni Income Active ETF (INMU) is an actively managed exchange-traded fund that seeks to maximize tax-free current income by investing primarily in a portfolio of intermediate-term municipal bonds issued by U.S. states, territories, and local governments; these bonds are generally exempt from federal income tax and, depending on the investor's state of residence, state and local taxes. The fund targets investment-grade securities with a dollar-weighted average portfolio duration of four to six years, while maintaining flexibility to include high-yield municipal bonds across various sectors such as energy, transportation, healthcare, and general obligation bonds from issuers including California Community Choice Financing Authority, Black Belt Energy Gas District, New York City Transitional Finance Authority, and Texas Transportation Commission. It operates within the fixed-income segment of the asset management industry, serving income-focused investors such as individuals, financial advisors, and institutions seeking tax-advantaged returns; shares trade on the NYSE Arca exchange with a net expense ratio of 0.30% following fee waivers. INMU was launched on March 16, 2021, and is sponsored and managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., headquartered in New York, New York. The fund does not pursue an ESG or sustainable investment strategy, prioritizing active portfolio management to optimize yield relative to risk over benchmark replication. Recent changes include a rebranding effective prior to October 10, 2024, shifting from BlackRock branding to iShares for greater alignment with BlackRock's ETF ecosystem; additionally, effective October 1, 2025, the fund adopted ICE Data Services, Inc. as its primary pricing vendor for municipal securities to enhance valuation accuracy. No major acquisitions, funding rounds, or strategic partnerships have been announced in the last two years, with ongoing focus on portfolio adjustments amid varying interest rate environments and municipal market conditions.