What is SUB?

SUB tracks a market-value-weighted index of investment-grade debt issued by state and local governments and agencies with remaining maturities from one month to five years.

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SUB 1.54% 0.35% -2.33% -2.27% 0.14% 1.00% 0.73%
SUB (NAV) 1.53% 0.26% -2.34% -2.30% 0.10% 0.97% 0.73%
ICE Short Maturity AMT-Free US National Municipal Index 1.54% 0.24% -2.40% -2.37% 0.16% 1.08% 0.94%
Bloomberg Barclays Municipal Short (1-5 Y) 1.83% 0.00% -3.38% -3.31% -0.03% 1.06% 1.03%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SUB Factset Analytics Insight

SUB provides broad exposure to a range of USD-denominated municipal bonds, with an emphasis on the shorter end of the yield curve. Debt securities must have a remaining final maturity of at least one month and less than five years, while seeking to maintain a weighted average maturity of less than three years. SUB primarily invests in investment-grade securities and will weight its constituents by market value. The fund uses a sampling method to track the index, meaning the fund may not hold all the securities of the underlying index but will hold securities that collectively have the same investment profile. Rebalancing is done after the close on the last business day of each month. Prior to September 15, 2021, the fund tracks the S&P Short Term National AMT-Free Municipal Bond Index.

SUB Summary Data

Blackrock
11/05/08
0.07%
$9.86B
ICE Short Maturity AMT-Free US National Municipal Index
Bloomberg Barclays Municipal Short (1-5 Y)
Open-Ended Fund

Peers

Bloomberg Barclays Municipal Short (1-5 Y)

Fund Flows

+$0.32B 5 Days
+$0.66B 30 Days
+$1.09B 90 Days

SUB Portfolio Data

1.85
--
3.22%
02/01/22
--

SUB Index Data

ICE Short Maturity AMT-Free US National Municipal Index
Market Value
AMT-Free
Bloomberg Barclays Municipal Short (1-5 Y)

SUB Portfolio Management

0.07%
0.01%
0.09%
-0.20%

SUB Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

SUB Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 11/30/22

This measurement shows how easy it is to trade a $1 million USD block of SUB. SUB is rated a 5 out of 5.

SUB Tradability

1,265,929
$130.43M
1,182,239
$122.13M
0.02%
$0.02
0.22%
0.46% / -0.38%
None
100.00%
50,000
23.64
0.00%
--
0
$103.90
5

SUB Sector/Industry Breakdown

SUB Segment
Benchmark
89.03% --
3.66% --
3.24% --
1.16% --
1.02% --
0.95% --
0.43% --
0.21% --
0.18% --
0.07% --

SUB Top 10 Holdings

0.50%
0.45%
0.37%
0.33%
0.32%
0.31%
0.30%
0.30%
0.30%
0.30%
3.47%

SUB Performance Statistics

0.87
0.77
--
--
--

SUB Top 5 Countries

SUB Segment
Benchmark
100.00% --

SUB Top 5 Currencies

SUB Segment
Benchmark
100.00% --

SUB Avg Life Maturity Distribution

28.58%
24.62%
20.71%
24.93%
1.16%
--
--
--
--

SUB OAS Breakdown

97.97%
1.92%
0.11%
--
--
--
--
--
--
--
--

SUB Holdings Statistics

2.03 years
1.85
3.22%
1.88
--
--
0.10%