iShares Ultra Short Duration Bond Active ETF
$50.33+0.01 (+0.01%)
- 0.08%
- $8.9B
- +3.5%
- 4.14%
- 1.6M sh
- $50.30
- low $50.23high $50.77
The ETF.net ICSH Grade
A
Score 83 out of 100
- 1 of 78
Score 83 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A89 out of 100Rank 8 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 37 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 20 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A95 out of 100Rank 2 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A90 out of 100Rank 4 of 78
Our read on ICSH
ABlackRock's active cash-parking sleeve, live since 2013: roughly 250 ultra-short investment-grade bonds and money market instruments, run for current income with preservation of capital, at 0.08% a year.
The fund seeks current income consistent with preservation of capital through actively managed exposure to ultra-short-term investment-grade bonds and money market instruments.
Why people hold it
- At 0.08% a year it undercuts the typical cash-alternative ETF, which charges about 0.20%, and comes in below top-rated rivals like FLUD and JPST.
- Actively managed rather than a fixed ladder: the team picks across ultra-short investment-grade bonds and money market instruments, spread over roughly 250 positions.ishares.com
- Trading since 2013 and now a multi-billion-dollar fund that changes hands actively, giving it one of the longer records in the cash-alternative aisle.
- Sits in the top quartile of its cash-alternative peer group, helped by high-quality holdings and low cost.
Worth knowing
- Not a money market fund. The share price floats, and preservation of capital is the stated aim, not a promise.ishares.com
- It holds investment-grade corporate paper alongside money market instruments, so it carries credit risk a Treasury-bill-only fund does not.ishares.com
- It pays monthly, but the amount rides short-term rates, and as an active fund its results can drift from its 6-month T-bill reference index either way.
ICSH Holdings
- Bonds
- 398
- 10%
- Tri-Party Mizuho Securities Usa Ll
Geography
- United States87.84%
- Canada3.21%
- New Zealand2.44%
- Sweden2.10%
- United Kingdom0.91%
- Australia0.90%
- France0.84%
- Netherlands0.48%
- 1.28%
ICSH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ICSH$10,355
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ICSH |
|---|---|
| Year to date | +2.6% |
| 1 month | +0.2% |
| 3 months | +0.8% |
| 1 year | +3.5% |
| 3 years | +4.9% |
| 5 years | +3.9% |
| 10 years | +2.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ICSH |
|---|---|---|
| 2026 YTD | +2.6% | |
| 2025 | +5.0% | |
| 2024 | +5.5% | |
| 2023 | +5.6% | |
| 2022 | +1.0% | |
| 2021 | +0.2% | |
| 2020 | +1.6% |
ICSH in the news
ICSH Dividends
- 4.14%
- $2.08
- $0.17 per share
- Monthly
Distribution history
ICSH Risk
- 0.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ICSH Cost
0.08%
ICSH0.08%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
9 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- ACLIPGlobal X - 1-3 Month T-Bill ETFExpense ratio 0.07%1 year return +3.8%
- AVUSBVanguard Ultra-Short Bond ETFExpense ratio 0.10%1 year return +3.5%
- ATBLLInvesco Short Term Treasury ETFExpense ratio 0.08%1 year return +3.6%
- AVBILVanguard 0-3 Month Treasury Bill ETFExpense ratio 0.06%1 year return +3.7%
- AXHLFBondBloxx Bloomberg Six Month Target Duration US Treasury ETFExpense ratio 0.03%1 year return +3.5%