ICSH ETF — iShares Ultra Short Duration Bond Active ETF

iShares Ultra Short Duration Bond Active ETF (ICSH)

ICSH is a low-cost ETF that tracks the Active cash-bond strategy; benchmark: ICE BofA US 6-Month Treasury Bill Index (does not seek to track an index). As of August 19, 2026, its distribution rate is 3.95%, its trailing-12-month yield is 4.20%, its expense ratio is 0.08%. Dividend Vision Distribution Safety Score™ is 81/100 (Safe). Fund total return is 33.9% over the past 12.7 years, 400.8 points behind SPY at 434.7%.

At the current 3.95% distribution rate, a $10,000 investment would generate approximately $395 per year, or $32.92 per month on an equivalent basis.

iShares Ultra Short Duration Bond Active ETF is an actively managed bond fund that invests at least 80% of its assets in investment-grade U.S. dollar-denominated fixed- and floating-rate debt securities with maturities in the ultra-short range, seeking current income while preserving capital. The fund distributes monthly and carries a low expense ratio of 0.08%. It appeals to income-focused investors seeking modest current returns with minimal interest-rate risk through exposure to short-duration, high-quality bonds.

ICSH performance versus SPY

Data as of August 19, 2026.

Fund total return is 33.9% over the past 12.7 years, 400.8 points behind SPY at 434.7%. Its deepest 1-year drawdown was 0.1%.

ICSH key facts

Data as of August 19, 2026.

Distribution Safety Score™

81 · Safe

Safety-Adjusted Yield

3.20%

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

12/11/2013

Expense ratio

0.08%

Distribution rate

3.95%

Distribution frequency

Monthly

Trailing yield

4.20%

Last close

$50.51

AUM

$8,487,312,286

Average volume

959727.0

Last dividend

$0.1663

Ex-dividend date

08/03/2026

Payment date

08/06/2026

Beta

0.04

How Dividend Vision calculates yield and returns

Distribution rate (3.95%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.20%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: iShares fund page; Fact sheet; Prospectus; Index: Active cash-bond strategy; benchmark: ICE BofA US 6-Month Treasury Bill Index (does not seek to track an index); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ICSH risks and drawbacks

ICSH's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.1%.

Who may consider ICSH — and who may not

ICSH may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare ICSH

ICSH vs similar funds:

• ICSH vs SGOV
• ICSH vs NEAR

Frequently asked questions

More funds from iShares.