iShares Intermediate Muni Income Active ETF
$23.02−0.21 (−0.90%)
- Expense ratio
- 0.41%
- Fund size
- $541M
- 1Y return
- +0.3%
- Yield · Last 12 months
- 3.48%
- Holdings
- 485
- Volume · 30D
- 0.2M sh
- NAV per share
- $23.20
- 52W range
The ETF.net INMU Grade
Score 51 of 100 sits in the C 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.FScore 11Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 94Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 48Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 80Category rank
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
- 485
- 13%
- BLACKROCK LIQ MUNICASH CL 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.
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 | INMU |
|---|---|
| Year to date | −1.2% |
| 1 month | −2.0% |
| 3 months | −3.2% |
| 1 year | +0.3% |
| 3 years | +4.1% |
| 5 years | +1.0% |
| 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 | −1.2% | |
| 2025 | +5.5% | |
| 2024 | +2.8% | |
| 2023 | +6.5% | |
| 2022 | −7.8% | |
| 2021 | +3.0% |
INMU in the news
ETF.net Research hasn’t filed on INMU yet — coverage lands here as it’s written.
INMU Dividends
- 3.48%
- $0.81
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.07 |
| Aug 3, 2026 | Aug 6, 2026 | $0.07 |
| Jul 1, 2026 | Jul 7, 2026 | $0.07 |
| Jun 1, 2026 | Jun 4, 2026 | $0.07 |
| May 1, 2026 | May 6, 2026 | $0.07 |
| Apr 1, 2026 | Apr 7, 2026 | $0.06 |
| Mar 2, 2026 | Mar 5, 2026 | $0.07 |
| Feb 2, 2026 | Feb 5, 2026 | $0.06 |
| Dec 19, 2025 | Dec 24, 2025 | $0.07 |
| Dec 1, 2025 | Dec 4, 2025 | $0.07 |
| Nov 3, 2025 | Nov 6, 2025 | $0.07 |
| Oct 1, 2025 | Oct 6, 2025 | $0.07 |
INMU Risk
- 5.0%
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.
- −0.04
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
- The middle half of Intermediate Municipal Bonds funds
- Median 0.35%
16 of the 19 Intermediate Municipal Bonds funds charge less.