iShares National Muni Bond ETF
MUB · Exchange-traded fund · Bonds
Market Close· Not a live price
What this fund holds
iShares National Muni Bond ETF is an exchange-traded fund. It holds bonds issued by US states, cities and local authorities to fund public projects.
1M price history
What this fund owns
Bonds issued by US states, cities and local authorities to fund public projects.
Municipal interest is often exempt from federal income tax, which matters to some investors. Tax treatment depends on personal circumstances — Scope does not give tax advice.
Fund profile
Classification, not a provider estimate- Asset class
- Fixed income (bonds)
- Category
- Municipal bonds
- Typical maturity
- Intermediate (roughly 5–10 years)
- Credit quality
- Municipal (state and local government)
- Interest-rate sensitivity
- Moderate
- Credit risk
- Low
Expense ratio, yield to maturity and average duration in years are not available from Scope's current data provider for bond funds, so they are shown as unavailable rather than estimated.
How interest rates affect it
Bond prices and interest rates generally move in opposite directions. When market interest rates rise, existing bond prices generally fall, and when rates fall, existing bond prices generally rise. Longer-duration bonds are typically more sensitive to interest-rate changes.
This fund's interest-rate sensitivity is moderate, and its credit risk is low. Those are two separate risks: a fund can carry a lot of one and almost none of the other.
What can go wrong
- Interest-rate risk: moderate.
- Credit risk: low overall, but individual issuers can get into difficulty.
- Tax advantages vary by person and by state, so the headline yield is not comparable with a taxable bond's yield.
Bond ETFs can fall in value and have done so. They are usually steadier than shares, which is not the same as safe.
For learning purposes only. Scope does not offer trading or financial advice.