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Wednesday, October 28, 2026 · Today’s edition, 6:30 a.m. ETWed, Oct 28 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in
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ICSHISharesINDEX

iShares Ultra Short-Term Bond ETF

$50.430.00% vs prior close
505152-WK

Price through Oct 27, 2026 · Flows through Oct 26, 2026. Figures use the latest available records, not a live quote. Fund details retrieved Oct 27, 2026. Holdings snapshot retrieved Oct 27, 2026.

The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in a portfolio of U.S. dollar-denominated investment-grade fixed- and floating-rate debt securities that are rated BBB- or higher by S&P Global Ratings and/or Fitch Ratings, Inc. ("Fitch"), or Baa3 or higher by Moody's Investors Service, Inc. ("Moody's"), or, if unrated, determined by the fund's management team to be of equivalent quality.

ICSH price

Source: Market tape, daily closes; price return, distributions not reinvested
Table
DateICSH close
Jan 2, 2026$50.58
Jan 5, 2026$50.60
Jan 6, 2026$50.60
Jan 7, 2026$50.60
Jan 8, 2026$50.60
Jan 9, 2026$50.61
Jan 12, 2026$50.62
Jan 13, 2026$50.63
Jan 14, 2026$50.64
Jan 15, 2026$50.63
Jan 16, 2026$50.65
Jan 20, 2026$50.66
Jan 21, 2026$50.67
Jan 22, 2026$50.67
Jan 23, 2026$50.70
Jan 26, 2026$50.70
Jan 27, 2026$50.72
Jan 28, 2026$50.73
Jan 29, 2026$50.74
Jan 30, 2026$50.75
Feb 2, 2026$50.57
Feb 3, 2026$50.59
Feb 4, 2026$50.60
Feb 5, 2026$50.60
Feb 6, 2026$50.62
Feb 9, 2026$50.64
Feb 10, 2026$50.65
Feb 11, 2026$50.63
Feb 12, 2026$50.65
Feb 13, 2026$50.68
Feb 17, 2026$50.68
Feb 18, 2026$50.68
Feb 19, 2026$50.68
Feb 20, 2026$50.70
Feb 23, 2026$50.70
Feb 24, 2026$50.70
Feb 25, 2026$50.71
Feb 26, 2026$50.72
Feb 27, 2026$50.72
Mar 2, 2026$50.57
Mar 3, 2026$50.57
Mar 4, 2026$50.56
Mar 5, 2026$50.57
Mar 6, 2026$50.59
Mar 9, 2026$50.59
Mar 10, 2026$50.57
Mar 11, 2026$50.57
Mar 12, 2026$50.54
Mar 13, 2026$50.56
Mar 16, 2026$50.58
Mar 17, 2026$50.58
Mar 18, 2026$50.58
Mar 19, 2026$50.58
Mar 20, 2026$50.55
Mar 23, 2026$50.58
Mar 24, 2026$50.58
Mar 25, 2026$50.58
Mar 26, 2026$50.57
Mar 27, 2026$50.57
Mar 30, 2026$50.61
Mar 31, 2026$50.62
Apr 1, 2026$50.47
Apr 2, 2026$50.50
Apr 6, 2026$50.50
Apr 7, 2026$50.51
Apr 8, 2026$50.53
Apr 9, 2026$50.52
Apr 10, 2026$50.53
Apr 13, 2026$50.54
Apr 14, 2026$50.55
Apr 15, 2026$50.55
Apr 16, 2026$50.56
Apr 17, 2026$50.58
Apr 20, 2026$50.59
Apr 21, 2026$50.58
Apr 22, 2026$50.59
Apr 23, 2026$50.60
Apr 24, 2026$50.62
Apr 27, 2026$50.62
Apr 28, 2026$50.63
Apr 29, 2026$50.63
Apr 30, 2026$50.63
May 1, 2026$50.48
May 4, 2026$50.46
May 5, 2026$50.47
May 6, 2026$50.51
May 7, 2026$50.50
May 8, 2026$50.53
May 11, 2026$50.51
May 12, 2026$50.50
May 13, 2026$50.52
May 14, 2026$50.51
May 15, 2026$50.51
May 18, 2026$50.53
May 19, 2026$50.51
May 20, 2026$50.55
May 21, 2026$50.55
May 22, 2026$50.56
May 26, 2026$50.57
May 27, 2026$50.59
May 28, 2026$50.59
May 29, 2026$50.60
Jun 1, 2026$50.45
Jun 2, 2026$50.46
Jun 3, 2026$50.46
Jun 4, 2026$50.46
Jun 5, 2026$50.44
Jun 8, 2026$50.45
Jun 9, 2026$50.47
Jun 10, 2026$50.47
Jun 11, 2026$50.50
Jun 12, 2026$50.50
Jun 15, 2026$50.52
Jun 16, 2026$50.53
Jun 17, 2026$50.49
Jun 18, 2026$50.51
Jun 22, 2026$50.49
Jun 23, 2026$50.51
Jun 24, 2026$50.55
Jun 25, 2026$50.55
Jun 26, 2026$50.57
Jun 29, 2026$50.59
Jun 30, 2026$50.58
Jul 1, 2026$50.42
Jul 2, 2026$50.44
Jul 6, 2026$50.44
Jul 7, 2026$50.45
Jul 8, 2026$50.45
Jul 9, 2026$50.45
Jul 10, 2026$50.45
Jul 13, 2026$50.45
Jul 14, 2026$50.47
Jul 15, 2026$50.49
Jul 16, 2026$50.50
Jul 17, 2026$50.52
Jul 20, 2026$50.52
Jul 21, 2026$50.52
Jul 22, 2026$50.51
Jul 23, 2026$50.49
Jul 24, 2026$50.50
Jul 27, 2026$50.51
Jul 28, 2026$50.53
Jul 29, 2026$50.53
Jul 30, 2026$50.56
Jul 31, 2026$50.56
Aug 3, 2026$50.43
Aug 4, 2026$50.45
Aug 5, 2026$50.46
Aug 6, 2026$50.44
Aug 7, 2026$50.47
Aug 10, 2026$50.47
Aug 11, 2026$50.48
Aug 12, 2026$50.49
Aug 13, 2026$50.51
Aug 14, 2026$50.50
Aug 17, 2026$50.52
Aug 18, 2026$50.51
Aug 19, 2026$50.53
Aug 20, 2026$50.53
Aug 21, 2026$50.53
Aug 24, 2026$50.53
Aug 25, 2026$50.55
Aug 26, 2026$50.55
Aug 27, 2026$50.55
Aug 28, 2026$50.54
Aug 31, 2026$50.55
Sep 1, 2026$50.38
Sep 2, 2026$50.40
Sep 3, 2026$50.41
Sep 4, 2026$50.42
Sep 8, 2026$50.41
Sep 9, 2026$50.41
Sep 10, 2026$50.39
Sep 11, 2026$50.38
Sep 14, 2026$50.38
Sep 15, 2026$50.38
Sep 16, 2026$50.37
Sep 17, 2026$50.40
Sep 18, 2026$50.38
Sep 21, 2026$50.38
Sep 22, 2026$50.39
Sep 23, 2026$50.38
Sep 24, 2026$50.38
Sep 25, 2026$50.40
Sep 28, 2026$50.38
Sep 29, 2026$50.38
Sep 30, 2026$50.40
Oct 1, 2026$50.26
Oct 2, 2026$50.26
Oct 5, 2026$50.28
Oct 6, 2026$50.29
Oct 7, 2026$50.30
Oct 8, 2026$50.31
Oct 9, 2026$50.33
Oct 12, 2026$50.33
Oct 13, 2026$50.33
Oct 14, 2026$50.34
Oct 15, 2026$50.37
Oct 16, 2026$50.37
Oct 19, 2026$50.37
Oct 20, 2026$50.38
Oct 21, 2026$50.38
Oct 22, 2026$50.41
Oct 23, 2026$50.42
Oct 26, 2026$50.43
Oct 27, 2026$50.43

Weekly net flows, YTD

Net inflow over the range: +$2.2B

  • Inflow / above zero
  • Outflow / below zero
Dec 29Jan 19Feb 9Mar 2Mar 23Apr 13May 4+$291.7MJul 6Jul 27Aug 17Sep 7Sep 28−$2.2MOct 26Dec 29Jan 26Feb 23Mar 23Apr 20+$291.7MJun 29Jul 27Aug 24Sep 21−$2.2MOct 26Dec 29Mar 9+$291.7MJun 29Sep 7−$2.2MOct 26
Source: Daily creation and redemption records
Show as table
LabelValue ($)
Dec 29$17.9M
Jan 5$28.1M
Jan 12−$109.7M
Jan 19$127.5M
Jan 26$48.5M
Feb 2$30.6M
Feb 9$61.2M
Feb 16$38.3M
Feb 23$66.3M
Mar 2$10.2M
Mar 9$45.9M
Mar 16$0
Mar 23$40.8M
Mar 30$7.5M
Apr 6$196.7M
Apr 13−$89.3M
Apr 20−$12.8M
Apr 27$17.9M
May 4$136.7M
May 11$68.8M
Jun 29$291.7M
Jul 6$89.2M
Jul 13$116.6M
Jul 20$113.8M
Jul 27$50.7M
Aug 3$267.1M
Aug 10$87.6M
Aug 17$86.7M
Aug 24$40.8M
Aug 31$48.5M
Sep 7$199.5M
Sep 14$50M
Sep 21−$57.5M
Sep 28$2.5M
Oct 5$30M
Oct 12$30M
Oct 19$55M
Oct 26−$2.2M
The desk’s read

Money keeps arriving — +$115M of net inflows over the past month, about 1.3% of the fund's asset base, while the price has returned -0.3% so far this year. At 0.080% a year it is not the cheapest way in — AGG has a reported fee of 0.03%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$9Bassets under management
0.080%expense ratio · $8 per $10,000 a year
+$115Mnet flow, trailing month
1.7Mavg daily volume, 30 days
371holdings · US-domiciled
2013listed December 11, 2013 · beta 0.01
The book at a glance
—0.8%—0.7%—0.7%—0.7%—0.7%—0.7%—0.7%—0.7%—0.7%—0.7%—0.7%—0.6%—0.6%—0.6%—0.6%—0.6%—0.5%—0.5%—0.5%—0.5%—0.5%—0.5%—0.5%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%—0.4%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS THE CHANGE IN THE LATEST AVAILABLE SNAPSHOT · TOP 40 POSITIONS

Holdings
#HoldingWeightPriceDay52-wk
1—NORTHWESTERN MUTUAL GLOBAL FUNDING MTN 144A0.77%———
2—TOYOTA MOTOR CREDIT CORP MTN0.74%———
3—PACIFIC LIFE GLOBAL FUNDING II MTN 144A0.72%———
4—MORGAN STANLEY PRIVATE BANK NA0.72%———
5—SALESFORCE INC0.72%———
6—NEW YORK LIFE GLOBAL FUNDING MTN 144A0.72%———
7—HONEYWELL AEROSPACE INC 3.9 03/16/20280.71%———
8—ATHENE GLOBAL FUNDING MTN 144A0.70%———
9—MASSMUTUAL GLOBAL FUNDING II MTN 144A0.67%———
10—UBS AG (STAMFORD BRANCH) MTN0.66%———
11—ATHENE GLOBAL FUNDING MTN 144A0.65%———
12—EQUITABLE AMERICA GLOBAL FUNDING MTN 144A0.63%———
13—COOPERATIEVE RABOBANK UA (NEW YORK MTN0.63%———
14—HAROT_26-2 A2A0.56%———
15—TREASURY NOTE0.55%———

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Sector weights

  • Cash and/or Derivatives44.77%
  • Financial Institutions23.19%
  • Industrial16.26%
  • ABS11.48%
  • Treasury2.32%
  • Utility1.37%
  • Agency0.37%
  • Local Authority0.3%
Source: Portfolio composition, latest disclosure
Show as table
ItemValue (%)
Cash and/or Derivatives44.77%
Financial Institutions23.19%
Industrial16.26%
ABS11.48%
Treasury2.32%
Utility1.37%
Agency0.37%
Local Authority0.3%

Country weights

  • United States72.57%
  • Canada5.58%
  • Australia4.82%
  • Germany3.98%
  • United Kingdom2.37%
  • Japan2.16%
  • New Zealand1.54%
  • France1.32%
Source: Portfolio composition, latest disclosure
Show as table
ItemValue (%)
United States72.57%
Canada5.58%
Australia4.82%
Germany3.98%
United Kingdom2.37%
Japan2.16%
New Zealand1.54%
France1.32%
Performance
1 week+0.1%
1 month+0.1%
3 months-0.1%
6 months-0.4%
YTD-0.3%
1 year-0.6%
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$2M
1 month+$115M
3 months+$889M
YTD+$2.2B
1 year+$2.6B

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows

  • Inflow / above zero
  • Outflow / below zero
+$89.3MOct+$107.1MNov+$196.4MDec+$112.2MJan+$196.3MFeb+$96.9MMar+$120MApr+$205.5MMay+$662MJul+$510.2MAug+$215MSep+$112.8MOctOctNovDecJanFebMarAprMay+$662MJulAugSep+$112.8MOctOctDecFebApr+$662MJul+$112.8MOct
Source: Daily creation/redemption records, trailing twelve months
Show as table
LabelValue ($)
Oct$89.3M
Nov$107.1M
Dec$196.4M
Jan$112.2M
Feb$196.3M
Mar$96.9M
Apr$120M
May$205.5M
Jul$662M
Aug$510.2M
Sep$215M
Oct$112.8M
The risk read
1%realized volatility, 30 days (annualized)
1%realized volatility, 1 year
-1.0%deepest fall from a peak, 1 year
-0.7%latest close versus that peak

The top holding is 1.6% of the book; the top ten carry 10%. Spread across 250+ names, it behaves like roughly 143 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
—calls · latest snapshot
—puts · latest snapshot
—put/call ratio
1.1Mshares traded
The case against ICSH

Due diligence cuts both ways. These funds sit on the same shelf and beat ICSH on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16.4B+$489M-5bp on fee · 2× the assets · +$489M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$123.5B+$2.3B-3bp on fee · 14× the assets · +$2.3B in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.7B+$47M-4bp on fee · 3× the assets · +$47M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.6B+$412M-4bp on fee · 2× the assets · +$412M in over the monthHead-to-head
MUB iShares National Muni Bond ETF0.05%$48B+$2B-3bp on fee · 5× the assets · +$2B in over the monthHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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