iShares Long-Term National Muni Bond ETF
$46.82+0.42 (+0.92%)
- 0.09%
- $1.6B
- −3.9%
- 4.19%
- 0.5M sh
- $46.24
- low $45.81high $53.52
The ETF.net LMUB Grade
B
Score 63 out of 100
- 1 of 5
Score 63 of 100 falls in the B 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.A80 out of 100Rank 1 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.B55 out of 100Rank 4 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 5 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 1 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B64 out of 100Rank 2 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 1 of 5
Our read on LMUB
BMost muni funds hand you the whole maturity curve. LMUB takes only the long end: investment-grade national municipal bonds maturing in 12 years or more, indexed, for 0.09% a year.
The fund seeks to track an index of investment-grade U.S. municipal bonds with maturities of at least 12 years.
Why people hold it
- Charges 0.09% a year against a 0.30% median for muni funds, so more of the tax-exempt coupon stays with shareholders.
- Not a broad fund with a long tilt. The ICE AMT-free index it follows holds only national munis maturing in 12+ years, roughly 800 bonds deep.
- Pays income monthly, and cost plus index discipline put it among the stronger builds in a crowded muni field.
Worth knowing
- Long maturities cut both ways: 12-year-plus bonds swing harder on rate moves than short or intermediate muni funds.
- Launched in 2025, so the track record is short and the risk picture rests on limited history.
- Whole-curve muni funds go cheaper (VTEB and SCMB at 0.03%). The 0.09% here buys the long-only slice, not broad coverage.
LMUB Holdings
- Bonds
- 983
- 10%
- BlackRock Liq Municash Class Ins Mmf
Geography
- United States100.00%
LMUB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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LMUB$9,613
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 | LMUB |
|---|---|
| Year to date | −5.2% |
| 1 month | −3.0% |
| 3 months | −7.8% |
| 1 year | −3.9% |
| 3 years | — |
| 5 years | — |
| 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 | LMUB |
|---|---|---|
| 2026 YTD | −5.2% | |
| 2025 | +3.5% |
LMUB in the news
LMUB Dividends
- 4.19%
- $1.94
- $0.19 per share
- Monthly
Distribution history
LMUB Risk
- 7.0%
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.
- −0.63
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.
- −9.5%
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.
- 0.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LMUB Cost
0.09%
LMUB0.09%
- The middle half of Long-Duration Municipal Bonds funds
- Median 0.24%
No Long-Duration Municipal Bonds fund charges less.
Other funds in Long-Duration Municipal Bonds
- BVTELVanguard Municipal Bond Funds - Vanguard Long-Term Tax-Exempt Bond ETFExpense ratio 0.09%1 year return −3.7%
- BMLNVanEck Long Muni ETFExpense ratio 0.24%1 year return −4.0%
- CTMNLT. Rowe Price Long Municipal Income ETFExpense ratio 0.26%1 year return —
- CTAFLAlliance Bernstein - AB Tax-Aware Long Municipal ETFExpense ratio 0.28%1 year return −3.8%