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Launched

iShares Long-Term National Muni Bond ETF

LMUBNYSE ArcaiSharesB

$48.69+0.25 (+0.52%)

At close: Nov 5, 2026, 4:00 PM ET

B63/ 100

Rank 2 of 5 in Long-Duration Municipal Bonds

B63/100Rank 2 of 5inLong-Duration Municipal Bonds
Intraday session: up, 79 prints from 48.44 to 48.69. Range 48.47 to 48.69. Use the arrow keys to read each point.48.5048.5548.6048.6510 AM12 PM2 PM4 PM
Expense ratio
0.09%
Fund size
$1.84B
1Y total return
+0.1%
Yield · Last 12 months
3.97%
Holdings
1116
Avg volume · 30D
576K sh
52W range
low $45.81high $53.52
Launched

The ETF.net LMUB Grade

B

Score 63 out of 100

Category
Long-Duration Municipal Bonds⁠
Rank
2 of 5
Six-pillar profile for LMUB. Scores out of 100: Cost 80, Risk 36, Mission 59, Tradability 63, Holdings 64, Durability 72. Strongest: Cost (80). Weakest: Risk (36). Leans toward Cost.

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 100
    Rank 1 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B59 out of 100
    Rank 4 of 5

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 5 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B63 out of 100
    Rank 1 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B64 out of 100
    Rank 2 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A72 out of 100
    Rank 1 of 5

Our read on LMUB

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarB64 out of 100Rank 2 of 5 in Long-Duration Municipal Bonds
Asset class
Bonds
Holdings
1,116
Top-10 weight
7%
Largest holding
BlackRock Liq Municash Class Ins Mmf3.1%

Sectors

  • State Tax-Backed22.3%
  • Utility21.9%
  • Local Tax-Backed21.2%
  • School Districts15.1%
  • Transportation12.1%
  • Education7.3%
  • Corporate Muni0.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 75.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataBlackRock Liq Municash Class Ins Mmf3.07%59,577,410$59.6M25
2No dataSocorro Tex Indpt Sch Dist 5.00% 08/15/20420.56%102,552$10.8M2
3No dataMassachusetts St 5.00% 07/01/20450.53%101,699$10.2M2
4No dataOklahoma Cap Imp Auth St Hwy C 5.25% 07/01/20500.51%96,253$9.87M1
5No dataSuffolk Cnty N Y 4.00% 10/01/20440.49%99,995$9.43M2
6No dataPennsylvania St 5.00% 04/01/20410.48%88,132$9.36M2
7No dataIllinois St 5.00% 12/01/20430.45%86,783$8.79M1
8No dataNew Jersey St Transn Tr Fd Aut 5.25% 06/15/20500.44%84,193$8.58M4
9No dataIllinois St 5.00% 09/01/20420.43%80,686$8.27M2
10No dataTriborough Brdg & Tunl Auth N 5.00% 11/15/20410.40%71,527$7.69M1
11No dataOhio (State Of) 5.00% 05/01/20390.39%68,677$7.53M1
12No dataNew York N Y 5.25% 02/01/20500.39%73,667$7.52M2
13No dataClark Cnty Nev Sch Dist 5.00% 06/15/20400.38%68,919$7.41M1
14No dataNew York N Y City Mun Wtr Fin 5.00% 06/15/20450.36%69,700$7.07M3
15No dataLos Angeles Calif Department of Wa 5.00% 07/01/20400.36%66,050$6.99M3

Showing 1–15 of 1116 holdings

LMUB Performance

Launched Mar 17, 2025

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.Not enough history yet.Not enough history yet.
LMUB$10,007
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. LMUB $10,007. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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.

Trailing total return for LMUB. Periods over one year show the average yearly return.
PeriodLMUB
Year to date−0.2%
1 month+4.8%
3 months−1.1%
1 year+0.1%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LMUB
YearReturn barLMUB
2026 YTD−0.2%
2025+3.5%

History from Mar 18, 2025

LMUB in the news

LMUB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 5, 2026.
3.97%Last 12 months
Payout per share
$1.93Last 12 months
Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 19 payments from 2025 to 2026 YTD. May 1, 2025 $0.24; Jun 2, 2025 $0.17; Jul 1, 2025 $0.17; Aug 1, 2025 $0.17; Sep 2, 2025 $0.16; Oct 1, 2025 $0.16; Nov 3, 2025 $0.17; Dec 1, 2025 $0.17; Dec 19, 2025 $0.17; Feb 2, 2026 $0.17; Mar 2, 2026 $0.17; Apr 1, 2026 $0.08; May 1, 2026 $0.16; Jun 1, 2026 $0.16; Jul 1, 2026 $0.16; Aug 3, 2026 $0.17; Sep 1, 2026 $0.16; Oct 1, 2026 $0.19; Nov 2, 2026 $0.16. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 5, 2026$0.16
Oct 1, 2026Oct 6, 2026$0.19
Sep 1, 2026Sep 4, 2026$0.16
Aug 3, 2026Aug 6, 2026$0.17
Jul 1, 2026Jul 7, 2026$0.16
Jun 1, 2026Jun 4, 2026$0.16
May 1, 2026May 6, 2026$0.16
Apr 1, 2026Apr 7, 2026$0.08
Mar 2, 2026Mar 5, 2026$0.17
Feb 2, 2026Feb 5, 2026$0.17
Dec 19, 2025Dec 24, 2025$0.17
Dec 1, 2025Dec 4, 2025$0.17

See all 19 payments⁠

$10,000 in LMUB 1 year ago paid $382 in dividends.⁠

LMUB Risk

Risk pillarD36 out of 100Rank 5 of 5 in Long-Duration Municipal Bonds
How much the fund’s monthly returns vary, scaled to a year.
7.6%
Annualised · 19 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.23
vs 3-month T-bills · 19 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−9.5%
19 months · trough Sep 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

LMUB Cost

Tied cheapest in Long-Duration Municipal Bonds

$1,898

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LMUB 0.09%

    $1,898

$10,000
30 years

Cost over time

  • LMUB 0.09%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K051015202530LMUB $1,898

Year by year

YearLMUB
10$165
20$646
30$1,898

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