Fixed Income

SUB

iShares Short-Term National Muni Bond ETF

  • NAV as of Mar 24, 2023 USD 104.66
    52 WK: 102.35 - 105.16
  • 1 Day NAV Change as of Mar 24, 2023 0.18 (0.18%)
  • NAV Total Return as of Mar 23, 2023 YTD: 0.85%
  • Fees as stated in the prospectus Expense Ratio: 0.07%

Overview

Why SUB?

1. Exposure to short-term U.S. municipal bonds

 

2. Access to a specific segment of the domestic municipal bond market

 

3. Use to seek tax-exempt income and manage interest rate risk

Investment Objective

The iShares Short-Term National Muni Bond ETF seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds with remaining maturities between one month and five years.
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged fund benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: BlackRock

Distributions

Record Date Ex-Date Payable Date
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Distributions Schedule
Record Date Ex-Date Payable Date Total Distribution Income ST Cap Gains LT Cap Gains Return on Capital
  From
31-Dec-2017
To
31-Dec-2018		 From
31-Dec-2018
To
31-Dec-2019		 From
31-Dec-2019
To
31-Dec-2020		 From
31-Dec-2020
To
31-Dec-2021		 From
31-Dec-2021
To
31-Dec-2022
Total Return (%)

as of Dec 31, 2022

1.57 3.09 2.27 0.19 -2.15
Benchmark (%)

as of Dec 31, 2022

1.76 3.24 2.37 0.34 -2.20
  1Y 3Y 5Y 10y Incept.
Total Return (%) -2.15 0.09 0.98 0.77 1.31
Benchmark (%) -2.20 0.15 1.08 0.98 1.56
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
Total Return (%) -2.15 0.14 1.79 0.23 -2.15 0.26 4.98 7.93 20.23
Benchmark (%) -2.20 0.15 1.81 0.25 -2.20 0.45 5.53 10.26 24.41
  2018 2019 2020 2021 2022
Total Return (%) 1.57 3.09 2.27 0.19 -2.15
Benchmark (%) 1.76 3.24 2.37 0.34 -2.20
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund as of Mar 24, 2023 USD 10,434,106,795
Fund Inception Date Nov 5, 2008
Exchange NYSE Arca
Base Currency USD
Asset Class Fixed Income
Benchmark Index ICE Short Maturity AMT-Free US National Municipal Index (USD)
Bloomberg Index Ticker MNAS
Distribution Frequency Monthly
Use of Income Distributing
Domicile United States
CUSIP 464288158
ISIN US4642881589
Closing Price US 104.73
Volume - Exchange US 40,975.00
30 Day Avg. Volume US 593,335.00
Volume - 1d US as of Mar 24, 2023 328,236.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Mar 24, 2023 2973
Equity Beta (3y) as of Feb 28, 2023 0.07
12m Trailing Yield as of Mar 23, 2023 1.06%
Standard Deviation (3y) as of Feb 28, 2023 2.46%
Average Yield to Maturity as of Mar 24, 2023 2.56%
Tax Equiv. SEC Yield as of Mar 23, 2023 4.90%
Weighted Avg Coupon as of Mar 24, 2023 4.87
Weighted Avg Maturity as of Mar 24, 2023 2.02 yrs
Effective Duration as of Mar 24, 2023 1.88 yrs
Convexity as of Mar 24, 2023 0.06

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Ratings

Fees

Fees

as of current prospectus
Management Fee 0.07
Acquired Fund Fees and Expenses 0.00
Foreign Taxes and Other Expenses 0.00
Expense Ratio 0.07

Holdings

Holdings