iShares Ultra Short Duration Bond Active ETF
$50.38−0.01 (−0.03%)
- Expense ratio
- 0.08%
- Fund size
- $9.0B
- 1Y return
- +3.6%
- Yield · Last 12 months
- 4.17%
- Holdings
- 250
- Volume · 30D
- 1.5M sh
- NAV per share
- $50.39
- 52W range
The ETF.net ICSH Grade
Score 83 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 89Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 50Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 67Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 96Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 90Category rank
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
- 250
- 10%
- TRI-PARTY MIZUHO SECURITIES USA LL
Sectors
- Utilities100.0%
Geography
- United States84.43%
- Australia3.95%
- Japan3.10%
- United Kingdom2.61%
- Netherlands2.46%
- Sweden1.19%
- Finland0.84%
- France0.70%
- 0.72%
ICSH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +2.3% |
| 1 month | +0.1% |
| 3 months | +0.8% |
| 1 year | +3.6% |
| 3 years | +4.9% |
| 5 years | +3.8% |
| 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 | +2.3% | |
| 2025 | +5.0% | |
| 2024 | +5.5% | |
| 2023 | +5.6% | |
| 2022 | +1.0% | |
| 2021 | +0.2% | |
| 2020 | +1.6% |
ICSH in the news
ETF.net Research hasn’t filed on ICSH yet — coverage lands here as it’s written.
ICSH Dividends
- 4.17%
- $2.10
- $0.17 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.17 |
| Aug 3, 2026 | Aug 6, 2026 | $0.17 |
| Jul 1, 2026 | Jul 7, 2026 | $0.17 |
| Jun 1, 2026 | Jun 4, 2026 | $0.17 |
| May 1, 2026 | May 6, 2026 | $0.17 |
| Apr 1, 2026 | Apr 7, 2026 | $0.17 |
| Mar 2, 2026 | Mar 5, 2026 | $0.16 |
| Feb 2, 2026 | Feb 5, 2026 | $0.17 |
| Dec 19, 2025 | Dec 24, 2025 | $0.19 |
| Dec 1, 2025 | Dec 4, 2025 | $0.18 |
| Nov 3, 2025 | Nov 6, 2025 | $0.19 |
| Oct 1, 2025 | Oct 6, 2025 | $0.19 |
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.
- 1.14
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
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
9 of the 77 Cash & Ultra-Short Income funds charge less.