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iShares New York Muni Bond ETF (NYF)
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Upturn Advisory Summary
11/07/2025: NYF (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 2.38% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/07/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.95 | 52 Weeks Range 49.79 - 53.52 | Updated Date 06/30/2025 |
52 Weeks Range 49.79 - 53.52 | Updated Date 06/30/2025 |
Upturn AI SWOT
iShares New York Muni Bond ETF
ETF Overview
Overview
The iShares New York Muni Bond ETF (NYF) seeks to track the investment results of an index composed of investment-grade New York municipal bonds. It focuses on providing income exempt from U.S. federal income taxes and New York State and local income taxes by investing in a diversified portfolio of municipal bonds issued within New York.
Reputation and Reliability
BlackRock is a leading global asset manager with a strong reputation and a long track record of managing ETFs effectively.
Management Expertise
BlackRock has extensive expertise in managing fixed-income portfolios, including municipal bonds, with a team of experienced portfolio managers and analysts.
Investment Objective
Goal
To track the investment results of an index composed of investment-grade New York municipal bonds.
Investment Approach and Strategy
Strategy: The ETF aims to replicate the performance of the S&P New York AMT-Free Municipal Bond Index.
Composition The ETF holds a diversified portfolio of investment-grade municipal bonds issued by the State of New York and its political subdivisions.
Market Position
Market Share: Estimated to be around 10-15% within the New York municipal bond ETF sub-segment.
Total Net Assets (AUM): 110368416
Competitors
Key Competitors
- VanEck HIP High Income Municipal Index ETF (HYMU)
- Invesco New York AMT-Free Municipal Bond ETF (PNY)
Competitive Landscape
The competitive landscape consists of several ETFs focusing on municipal bonds, with varying degrees of specialization. NYF's advantage lies in its iShares brand recognition and low expense ratio compared to some competitors, while a disadvantage could be a narrower focus compared to broader national municipal bond ETFs. Competitors like HYMU and PNY offer alternative exposures within the municipal bond market.
Financial Performance
Historical Performance: Historical performance data is not provided, and can only be accurately generated using live market data.
Benchmark Comparison: Performance should closely track the S&P New York AMT-Free Municipal Bond Index.
Expense Ratio: 0.25
Liquidity
Average Trading Volume
The average trading volume provides sufficient liquidity for most investors.
Bid-Ask Spread
Typical bid-ask spread for the ETF is fairly tight, which is conducive to low transaction costs.
Market Dynamics
Market Environment Factors
Interest rate movements, credit quality of municipal bonds, and New York's economic health influence NYF. Changes in tax laws or regulations in New York can also significantly affect the fund.
Growth Trajectory
Growth is tied to new issuances of New York municipal bonds and overall demand for tax-exempt income. Demand is generally sensitive to interest rate changes and overall economic conditions.
Moat and Competitive Advantages
Competitive Edge
NYF benefits from BlackRock's brand recognition and established ETF platform, which gives it an edge in distribution. Its focus on New York municipal bonds allows investors to specifically target tax-exempt income from New York. The fund's relatively low expense ratio enhances its attractiveness to cost-conscious investors. Stronger credit ratings compared to higher yielding counterparts provide stability. It provides a streamlined way to access a diversified portfolio of New York municipal bonds.
Risk Analysis
Volatility
Volatility is generally lower compared to equity ETFs but still subject to interest rate risk and credit risk of the underlying municipal bonds.
Market Risk
Market risk stems primarily from interest rate risk (rising rates can decrease bond values) and credit risk (risk of default or downgrade of New York municipal bonds).
Investor Profile
Ideal Investor Profile
The ideal investor is a New York resident seeking tax-exempt income and diversification within the municipal bond market.
Market Risk
Suitable for long-term investors seeking a stable income stream and tax advantages, or those implementing an asset allocation strategy that includes municipal bonds.
Summary
The iShares New York Muni Bond ETF (NYF) offers investors a targeted way to access the New York municipal bond market for tax-exempt income. BlackRock's management and the ETF's low expense ratio enhance its appeal. Investors should consider interest rate risk and the economic health of New York. It is best suited for New York residents seeking tax-advantaged income within their fixed-income portfolio. It is a good addition to portfolios focused on long-term financial goals, especially within a tax-sensitive investment strategy.
Similar ETFs
Sources and Disclaimers
Data Sources:
- iShares website
- Bloomberg
- Morningstar
Disclaimers:
This analysis is based on available data and is not financial advice. Investment decisions should be based on individual circumstances and after consulting with a financial advisor. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares New York Muni Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will invest at least 80% of its assets in the component securities of the index, and it will invest at least 90% of its assets in fixed income securities of the types included in the index that BFA believes will help it track the index. The index includes a 5% weighting to U.S. dollar denominated investment grade tax-exempt debt publicly issued in the U.S. domestic market by states other than New York and such states' political subdivisions. The fund is non-diversified.
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