INMU

iShares Intermediate Muni Income Active ETF

$24.06

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The iShares Intermediate Muni Income Active ETF seeks to provide current income that is generally exempt from federal income taxes by investing primarily in a portfolio of intermediate-term municipal bonds.

Overview

ETF tracking iShares Intermediate Muni Income Active ETF

Category Municipal Bonds

Issuer BlackRock

Inception Date 2021-03-18

Market Cap $154.0M

Average Volume N/A

Dividend Yield 2.88%

52-Week Range $22.95 - $24.16

VWAP $24.09

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund is actively managed, meaning the portfolio manager has discretion to select individual securities to try to achieve the fund's investment objective. The fund invests in municipal bonds with intermediate-term maturities, generally 3 to 10 years, to generate tax-exempt income.

✨ Key Features

Actively managed municipal bond fund focused on intermediate-term maturities
Seeks to provide current income that is generally exempt from federal income taxes
Intermediate-term bond portfolio with average maturity between 3-10 years
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline when interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
Liquidity risk: Municipal bonds may have less liquidity than other fixed income securities
Tax risk: Changes in tax laws could affect the tax-exempt status of the municipal bonds

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and a moderate level of risk, with a medium-term investment horizon. It could be a component of a diversified fixed income portfolio.