iShares New York Muni Bond ETFNYF

The iShares New York Muni Bond ETF (NYF) ended July 27, 2026, with a net asset value (NAV) of $52.34 and a 30-day SEC yield of 2.97%, per FINRA’s Fund Analyzer. The fund, which tracks the Bloomberg Barclays New York Municipal Bond Index, holds over 1,200 municipal bonds with a combined weight of just 12% in its top 10 positions, according to iShares’ official disclosures. Despite its ‘core’ municipal bond branding, NYF’s modified duration of 3.5 years leaves it exposed to interest rate swings, a risk barely hinted at in BlackRock’s glossy ‘high credit quality’ marketing.

BlackRock’s NYF prospectus, filed with the SEC, explicitly states that UK regulatory protections (including the Financial Services Compensation Scheme) do not apply to the fund, a fact buried beneath claims of ‘expert management’ and ‘industry-leading research.’ The ETF’s $1.2 billion in assets under management (AUM) trades with a 0.15% expense ratio, making it cheaper than many actively managed municipal funds but still a fee-generating machine for the issuer. Volume remains modest, with average daily trading of 150,000 shares, per Nasdaq data.

What’s actually in the fund? The top holding is a 2.00% New York State Metropolitan Transportation Authority bond maturing in 2045 (2.3% of assets), followed by a 1.85% New York City Municipal Bond Bank issue (1.9%). The portfolio’s average credit quality is Aaa (per Moody’s), but 14% of holdings are unrated, a detail absent from the fund’s marketing materials. The NYF’s 5-year standard deviation of 4.2% suggests even ‘safe’ munis can get jostled by market currents.

Technical indicators show NYF trading at a 0.03% premium to its NAV, according to iShares’ intra-day data. The fund’s 52-week range of $50.12 to $54.30 reflects its sensitivity to Treasury yields, which climbed to 4.35% in July 2026. While the NYF’s tax-exempt dividends appeal to New York residents, its performance remains tethered to the broader bond market’s rollercoaster.