LMUB

📎 Investment Objective

The iShares Long-Term National Muni Bond ETF (LMUB) seeks to track the investment results of an index composed of long-term, investment-grade municipal bonds issued by U.S. states and local governments.

✨ Key Features

• Exposure to a broad range of long-term, investment-grade municipal bonds
• Tax-exempt income potential for investors in eligible tax brackets
• Seeks to provide total return by tracking the performance of its underlying index
• Low expense ratio of 0.00%

⚠️ Primary Risks

• Interest rate risk: The value of the fund's holdings may decline due to rising interest rates
• Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
• Liquidity risk: The municipal bond market may experience periods of low liquidity, which could affect the fund's ability to sell its holdings
• Tax risk: Changes in tax laws or regulations may affect the tax-exempt status of the municipal bonds held by the fund

👤 Best For

This ETF may be suitable for long-term investors seeking tax-exempt income and exposure to the municipal bond market, particularly those in higher tax brackets who can benefit from the tax-exempt nature of the fund's distributions. Investors should have a moderate to low risk tolerance and a long-term investment horizon.