SUB

iShares Short-Term National Muni Bond ETF
*Unless otherwise stated, data provided by FactSet.

SUB Fund Description

SUB tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies with remaining maturities from 1 month to 5 years.

SUB Factset Analytics Insight

SUB provides broad exposure to a range of municipal bonds, with an emphasis on the shorter end of the yield curve. A hefty chunk of its portfolio is in the 0-3 year range, which generally lowers its interest rate risk, though the fund also has a sizable portion of its holdings in longer-term, 10+ year bonds. Investors should be cognizant of SUB's large position in pre-refunded bonds, which are largely ignored by our benchmark. In a segment full of relatively thinly traded ETFs, SUB shines with strong daily volume and narrow spreads, but of course underlying liquidity is rather poor. For those trading in bulk, however, creation costs are low. With a middle-of-the-road fee, SUB is nevertheless a highly Efficient fund with very tight tracking of its underlying index.

SUB Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 11/20/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SUB 0.21% -0.02% 2.62% 3.71% 1.80% 1.17% 1.15%
SUB (NAV) 0.21% -0.03% 2.83% 3.61% 1.72% 1.15% 1.21%
S&P Short Term National AMT-Free Municipal Bond 0.22% 0.00% 2.96% 3.76% 1.99% 1.42% 1.21%
Bloomberg Barclays AMT-Free Short Continuous Municipal Index 0.23% -0.30% 4.26% 5.49% 2.59% 1.88% 2.35%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SUB Summary Data

Blackrock
iShares
11/05/08
Open-Ended Fund
0.07%
$2.59B
$11.85M
0.03%

SUB Portfolio Data

2.03
--
1.54%
12/02/19
1074

SUB Index Data

S&P Short Term National AMT-Free Municipal Bond
Market Value
AMT-Free
Bloomberg Barclays AMT-Free Short Continuous Municipal Index

SUB Portfolio Management

0.07%
-0.15%
-0.11%
-0.23%

SUB Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

SUB Fund Structure

Open-Ended Fund
No
No
80% / 20%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

SUB Factset Analytics Block Liquidity

As of 11/21/19
5
4
3
2
1

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

SUB Tradability

111,207
$11.85M
99,569
$10.61M
0.03%
$0.03
0.09%
0.35% / -0.12%
None
100.00%
50,000
1.99
0.00%
--
0
$106.58
N/A

SUB Sector/Industry Breakdown


SUB
Segment Benchmark
50.62%
--
47.01%
--
2.37%
--

SUB Top 10 Holdings[View All]

0.61%
0.60%
0.60%
0.58%
0.53%
0.52%
0.50%
0.49%
0.48%
0.47%
5.38%

SUB Top 5 Countries


SUB
Segment Benchmark
100.00%
--

SUB Top 5 Currencies


SUB
Segment Benchmark
100.00%
--

SUB Performance Statistics

0.82
0.55
--
--
--

SUB Holdings Statistics

2.24 years
2.03
1.54%
2.04
Medium
1074
0.17%

SUB Avg Life Maturity Distribution

23.06%
21.89%
20.22%
33.95%
0.89%
--
--
--
--

SUB OAS Breakdown

96.94%
0.32%
0.09%
2.56%
0.04%
--
--
--
--
--
0.06%