ICSH ETF — iShares Ultra Short Duration Bond Active ETF

iShares Ultra Short Duration Bond Active ETF (ICSH)

Updated October 2, 2026.

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). its distribution rate is 4.12%, its trailing-12-month yield is 4.15%, its expense ratio is 0.08%. Dividend Vision Distribution Safety Score™ is 85/100 (Safe). Total return is 34.2% over the past 12.8 years, 403.4 points behind SPY at 437.6%.

At the current 4.12% distribution rate, a $10,000 investment would generate approximately $412 per year, or $34.33 per month.

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

Price and return data through 2026-10-02.

Total return is 34.2% over the past 12.8 years, 403.4 points behind SPY at 437.6%. Over the past year its total return — price change plus distributions reinvested — is 3.5%. Its deepest 1-year drawdown was 0.1%.

ICSH key facts

Distribution Safety Score™

85 · Safe

Safety-Adjusted Yield

3.50%

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

12/11/2013

Expense ratio

0.08%

Distribution rate

4.12%

Distribution frequency

Monthly

Trailing yield

4.15%

Last close

$50.26 (as of 2026-10-02)

AUM

$8,836,286,029

Average volume

2038100.0

Next dividend

$0.17258

Last ex-dividend date

10/01/2026

Next payment date

10/06/2026 (as of 2026-10-06)

Beta

0.04

How Dividend Vision calculates yield and returns

Distribution rate (4.12%) 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 (4.15%) 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. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares or company 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

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 securities from iShares.