iShares Ultra Short Duration Bond Active ETF

iShares Ultra Short Duration Bond Active ETF

About

iShares Ultra Short Duration Bond Active ETF (US46434V8789) is a US-listed bond ETF tracking the ICE BofA US 6-Month Treasury Bill Index (USD). With a expense ratio of 0.08%, it ranks among the lowest-cost options in its category, paying distributions. The fund holds 373 positions across 9 regions with 7.7B in assets.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jun 22, 2026
Component Score Details
Cost (30%) 9.1 Tracking Difference: 9.2 · TD Consistency: — · Expense Ratio: 8.9
Liquidity (25%) 10.0 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker ICSH
ISIN
Fund Size $7.7B
Issuer iShares
Distribution Pays Distributions
Replication Physical
Inception Dec 2013
Base Currency USD
Index ICE BofA US 6-Month Treasury Bill Index (USD)
Asset Class Bonds
Category Money Market

Costs

9.1
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.08%

Cumulative Returns

Performance across different time periods.
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month
3 Months
6 Months
1 Year +4.35%
3 Years +5.15%
5 Years +3.67%
10 Years +2.77%
YTD +1.44%
Since Inception +2.31%

Holdings

This fund invests into 373 individual investments.
#1
TRI-PARTY MIZUHO SECURITIES USA LL
1.68%
#2
TRI-PARTY CITIGROUP GLOBAL MARKETS
1.41%
#3
TRI-PARTY GOLDMAN SACHS & CO. LLC
1.29%
#4
TRI-PARTY WELLS FARGO SECURITIES L
1.16%
#5
BANCO BILBAO VIZCAYA ARGENTARIA SA
0.96%
#6
BPCE SA 144A
0.94%
#7
TRI-PARTY BOFA SECURITIES INC.
0.81%
#8
COOPERATIEVE RABOBANK UA (NEW YORK
0.79%
#9
NORTHWESTERN MUTUAL GLOBAL FUNDING MTN 144A
0.74%
#10
MIZUHO BANK LTD (NEW YORK BRANCH)
0.73%
View all holdings (50)
# Holding Ticker Weight
1 TRI-PARTY MIZUHO SECURITIES USA LL 167.58%
2 TRI-PARTY CITIGROUP GLOBAL MARKETS 140.51%
3 TRI-PARTY GOLDMAN SACHS & CO. LLC 128.91%
4 TRI-PARTY WELLS FARGO SECURITIES L 116.02%
5 BANCO BILBAO VIZCAYA ARGENTARIA SA 96.34%
6 BPCE SA 144A 94.40%
7 TRI-PARTY BOFA SECURITIES INC. 80.89%
8 COOPERATIEVE RABOBANK UA (NEW YORK 78.80%
9 NORTHWESTERN MUTUAL GLOBAL FUNDING MTN 144A 74.24%
10 MIZUHO BANK LTD (NEW YORK BRANCH) 73.12%
11 TOYOTA MOTOR CREDIT CORP MTN 71.64%
12 CDP FINANCIAL INC 144A 70.80%
13 PACIFIC LIFE GLOBAL FUNDING II MTN 144A 69.81%
14 Salesforce Inc 69.52%
15 NEW YORK LIFE 4.2% Apr29 68.93%
16 Honeywell Aerospace Inc 68.74%
17 RWE AG 144A 68.59%
18 Morgan Stanley Private Bank NA 68.47%
19 Athene Global Funding 67.40%
20 SVENSKA HANDELSBANKEN AB (NEW YORK 67.15%
21 BANK OF NOVA SCOTIA 144A 66.10%
22 MassMutual Global Funding II 64.53%
23 RWE AG 144A 64.06%
24 DEUTSCHE BANK AG (NEW YORK BRANCH) 63.99%
25 UBS AG STAMFO FRN May27 63.45%
26 NATIXIS (NEW YORK BRANCH) 62.84%
27 CANADIAN IMPERIAL BANK OF COMMERCE 62.72%
28 MARUBENI FINANCE AMERICA 144A 61.84%
29 ATHENE GLOBAL FUNDING MTN 144A 61.79%
30 TRI-PARTY BNP PARIBAS 60.27%
31 Equitable America Global Funding 59.70%
32 Cooperatieve Rabobank UA/NY 59.23%
33 BANCO SANTANDER SA 144A 53.53%
34 United States Treasury Note/Bond 53.43%
35 HAROT_26-2 A2A 53.40%
36 LLOYDS BANK CORPORATE MARKETS PLC 53.37%
37 HALST_26-B A2A 144A 52.31%
38 TAOT_25-C A3 51.89%
39 TRI-PARTY BARCLAYS CAPITAL INC. 51.56%
40 CHARLES SCHWAB & CO INC 144A 51.54%
41 DZ BANK AG (NEW YORK BRANCH) 51.42%
42 NATIONAL BANK OF CANADA 144A 51.41%
43 GLENCORE FUNDING LLC 144A 51.29%
44 GOLDMAN SACHS BANK USA 50.47%
45 SUMITOMO MITSUI BANKING CORP (NEW 49.03%
46 HSBC USA INC 144A 49.01%
47 GOLDMAN SACHS BANK USA (FXD-FRN) 48.99%
48 NATIONAL AUSTRALIA BANK LTD (NEW Y MTN 48.91%
49 SIEMENS FUNDING BV 48.70%
50 PRINCIPAL LIFE GLOBAL FUNDING II MTN 144A 48.60%

Sectors

Allocation by industry sector.
 
Sector Weight
Unknown 6897.00%
Corporate Bonds 1946.00%
Financials 540.00%
Government Bonds 223.00%
Consumer Discretionary 162.00%
Industrials 96.00%
Health Care 73.00%
Utilities 39.00%
Technology 14.00%
Materials 10.00%

Regions

Geographic allocation by country of risk.
 
Country Weight
UNKNOWN 6897.00%
United States 2392.00%
Netherlands 177.00%
Australia 155.00%
United Kingdom 99.00%
Switzerland 87.00%
Japan 86.00%
Sweden 55.00%
New Zealand 28.00%
Finland 24.00%
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