iShares National Muni Bond ETF (MUB)

Overview

• Expense Ratio: 0.07%
• Inception: 2007-09-07
• NAV as of 2022-05-05: $105.84
• Index tracked: ICE AMT-Free US National Municipal Index – Benchmark TR Gross

Analyst report

• The fund started tracking the ICE AMT-Free US National Municipal Index in September 2021, moving from its original index, the S&P National AMT-Free Municipal Bond Index 1
  • Both indexes target investment-grade municipal bonds that are exempt from federal income tax and Alternative Minimum Tax
  • There's not much difference between the two indexes' construction, aside from a decrease in the minimum outstanding amount required
  • The ICE AMT-Free US National Municipal Index requires bonds have a minimum face value of $15 million, compared with $25 million for its prior bogy. This widens the fund's scope
  • The new index includes around 23,000 bonds, versus 13,000 for its prior benchmark

Research tools

• Schwab

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Tags

1. topic.investment

Footnotes

1. Morningstar iShares National Muni Bond ETF MUB. Accessed on 2022-05-06˄

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Backlinks

• 2022-05-06
• SPDR Nuveen Bloomberg Municipal Bond ETF (TFI)