SUB

iShares Short-Term National Muni Bond ETF

$106.92
+0.00%
Market closed. Last update: 2:18 AM ET

📎 Investment Objective

The iShares Short-Term National Muni Bond ETF (SUB) seeks to track the investment results of an index composed of investment-grade, tax-exempt U.S. municipal bonds with short-term maturities.

Overview

ETF tracking iShares Short-Term National Muni Bond ETF

Issuer BlackRock
Inception Date 2008-11-07
Market Cap $10.8B
Average Volume N/A
Dividend Yield 2.08%
52-Week Range $104.77 - $107.44
VWAP $106.91

Performance

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Investment Summary

📎 Investment Objective

The iShares Short-Term National Muni Bond ETF (SUB) seeks to track the investment results of an index composed of investment-grade, tax-exempt U.S. municipal bonds with short-term maturities.

🎯 Investment Strategy

The ETF invests in a representative sample of bonds included in the S&P Short Term National AMT-Free Municipal Bond Index, which is designed to measure the performance of the short-term, investment-grade, tax-exempt U.S. municipal bond market. The fund aims to provide income exempt from federal income taxes.

✨ Key Features

  • Focuses on short-term municipal bonds with maturities of 1-5 years
  • Seeks to provide tax-exempt income and lower interest rate risk compared to longer-term municipal bonds
  • Diversified portfolio of investment-grade municipal bonds
  • Low expense ratio of 0.00%

⚠️ Primary Risks

  • Interest rate risk: The value of municipal bonds may decline when interest rates rise
  • Credit risk: The risk that the issuer of a municipal bond may default or have its credit rating downgraded
  • Liquidity risk: The risk that the fund may have difficulty selling certain securities at an advantageous time and price
  • Tax risk: Changes in tax laws or adverse determinations by tax authorities could affect the tax-exempt status of municipal bonds

👤 Best For

The iShares Short-Term National Muni Bond ETF may be suitable for investors seeking tax-exempt income and lower interest rate risk, particularly those in higher tax brackets who are looking for a conservative, diversified municipal bond investment.