iShares Intermediate Muni Income Active ETF
$23.10+0.15 (+0.65%)
- 0.41%
- $694M
- −1.0%
- 3.49%
- 0.4M sh
- $22.92
- low $22.65high $24.58
The ETF.net INMU Grade
C
Score 53 out of 100
- 14 of 20
Score 53 of 100 falls in the C 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.F11 out of 100Rank 18 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 9 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 6 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 10 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 11 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A80 out of 100Rank 4 of 20
Our read on INMU
CThe active take in a category ruled by index trackers: BlackRock's muni desk hand-picks bonds in the 3-10 year middle of the curve, chasing tax-exempt income and total return instead of mirroring a benchmark.
The fund seeks tax-exempt income and total return through actively managed exposure to intermediate-term municipal bonds.
Why people hold it
- Actively managed, not a tracker. Managers choose which municipal bonds to hold and measure themselves against the Bloomberg Municipal 3-10 Year Index rather than replicating it.ishares.com
- Income arrives monthly, and the mandate targets tax-exempt municipal income, the reason most investors come to this aisle in the first place.
- Roughly 400 bonds under the hood, so no single issuer or project carries the fund.
- It lives in the intermediate slice of the muni curve, not the long end, which is where the fund's own benchmark sets its maturity range at 3 to 10 years.ishares.com
Worth knowing
- Active costs money: 0.41% a year versus a 0.30% category median, and index rivals like VTEB and SCMB (0.03%) or MUB (0.05%) charge a small fraction of that.
- Only moderately traded, so limit orders matter more here than in the household-name muni index funds.
- Launched in 2021, giving it a shorter record than the muni index stalwarts it competes with, and results ride on the manager's calls.
INMU Holdings
- Bonds
- 598
- 12%
- BlackRock Liq Municash Class Ins Mmf
Geography
- United States100.00%
INMU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
INMU$9,900
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 | INMU |
|---|---|
| Year to date | −2.2% |
| 1 month | −1.4% |
| 3 months | −4.1% |
| 1 year | −1.0% |
| 3 years | +4.0% |
| 5 years | +0.9% |
| 10 years | — |
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 | INMU |
|---|---|---|
| 2026 YTD | −2.2% | |
| 2025 | +5.5% | |
| 2024 | +2.8% | |
| 2023 | +6.5% | |
| 2022 | −7.8% | |
| 2021 | +3.0% |
INMU in the news
INMU Dividends
- 3.49%
- $0.80
- $0.06 per share
- Monthly
Distribution history
INMU Risk
- 5.2%
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.
- −0.08
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.
- −10.6%
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.
- 0.78
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INMU Cost
0.41%
INMU0.41%
- The middle half of Intermediate Municipal Bonds funds
- Median 0.35%
16 of the 19 Intermediate Municipal Bonds funds charge less.
Other funds in Intermediate Municipal Bonds
- BMFSMMFS Active Exchange Traded Funds Trust - MFS Active Intermediate Muni Bond ETFExpense ratio 0.34%1 year return −1.7%
- BAPMUActivePassive Intermediate Municipal Bond ETFExpense ratio 0.35%1 year return −1.7%
- CTXXIBondBloxx IR+M Tax-Aware Intermediate Duration ETFExpense ratio 0.35%1 year return −1.9%
- CINTMInvesco Actively Managed Exchange-Traded Fund Trust - Invesco Intermediate Municipal ETFExpense ratio 0.35%1 year return −0.7%
- CMMCANYLI MacKay California Muni Intermediate ETFExpense ratio 0.45%1 year return −2.1%