iShares National Muni Bond ETF
MUB
New York Stock Exchange Arca- -
USD
- -
- -
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
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Sep 10, 2007
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares National Muni Bond ETF (MUB) is an exchange-traded fund that seeks to track the investment results of the ICE AMT-Free US National Municipal Index, composed of investment-grade U.S. municipal bonds issued by state and local governments and agencies, with interest exempt from federal income tax and the alternative minimum tax (AMT). The fund provides exposure to a diversified portfolio of approximately 5,802 holdings, including top issuers such as California (State of), New York City Transitional Finance Authority, Dormitory Authority of the State of New York, New York City Municipal Water Finance Authority, and Massachusetts (Commonwealth of); it features a low expense ratio of 0.05%, an effective duration aligned with intermediate-term municipal bonds, and a market value-weighted structure emphasizing sectors like state general obligations, local government debt, transportation, water and sewer, and education. Launched on September 7, 2007, and managed by BlackRock, Inc., under the iShares brand, MUB operates primarily in the U.S. fixed income market, targeting income-focused investors such as individuals, institutions, and financial advisors seeking tax-efficient yield with moderate credit and interest rate risk. In recent developments, BlackRock expanded its municipal bond ETF suite in March 2025 with the launch of the iShares Long-Term National Muni Bond ETF (LMUB) on NYSE Arca, complementing MUB's intermediate-term focus and enhancing options for duration-specific exposure within the national muni bond segment. The fund has also experienced notable inflows and yield adjustments amid 2025's volatile municipal market, including a dividend of $0.2752 declared on May 30, 2025, reflecting upward income drift from rising yields and supply dynamics. Institutional ownership remains robust, with over 1,500 holders including Bank of America, Envestnet Asset Management, and JPMorgan Chase managing billions in assets, alongside ongoing portfolio rebalancing to maintain alignment with the benchmark. Headquartered in New York, New York, as part of BlackRock's global iShares platform, MUB continues to serve as a core holding for tax-exempt fixed income strategies without pursuing ESG or sustainable investment objectives.