SUB
iShares Short-Term National Muni Bond ETF
📎 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
Performance
Price Chart
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.