Summary
SUB Chart
Your CDs Feel Safe. The 1.5 Percentage Points of Income They're Not Paying You Aren't.
Tony Dong is the founder of ETF Portfolio Blueprint.
SUB: What It Says On The Tin But Deeply Unexciting
Financial instruments are created to address specific market needs or opportunities, and understanding their design helps in selecting the right one for your goals. Municipal bonds offer tax advantages, making them attractive to high-income taxpayers, but they come with credit risk and typically lower yields compared to other bonds. The iShares Short-Term National Muni Bond ETF provides safety with low expense ratios but offers lower yields, making it less attractive for those in lower tax brackets.
iShares Short-Term National Muni Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 22,367 | $2.36M | $2.37M | $13,751.85 | 0.58% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 27,927 | $3M | $2.97M | -$33,233.36 | -1.11% |
| CP Cyrus Pearo INVESTMENT MANAGEMENT ASSOCIATES Inc. /ADV | 15,094 | $1.58M | $1.6M | $24,165.49 | 1.53% |
| CE Curtis Ellergodt Rothschild Investment LLC | 405 | $43,212.94 | $43,002.9 | -$210.04 | -0.49% |
| BS Barrett Schultz Ashton Thomas Securities LLC | 14 | $1,491 | $1,486.52 | -$4.48 | -0.3% |
iShares Short-Term National Muni Bond ETF (SUB) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has iShares Short-Term National Muni Bond ETF ever had a stock split?
iShares Short-Term National Muni Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The company described operates as a fund that strategically invests a significant portion of its assets into the securities that comprise its underlying index. Specifically, it commits at least 80% of its assets towards the securities that are part of this index, with a focused strategy of investing 90% or more of its assets into fixed-income securities. These securities, intrinsic to the fund's investment approach, align with the types catalogued within the underlying index that the fund aims to track. This strategy showcases the company's dedication to mirroring the performance and composition of its benchmark index, which is comprised of municipal bonds. These municipal bonds are distinguished by their tax-exempt status, where the interest earned by investors is not subject to federal income taxes nor the alternative minimum tax, offering an appealing tax-efficient investment option for shareholders.
Products and Services
The fund's investment portfolio is characterized by a focus on municipal bonds, delineating a specific approach towards achieving tax-efficient returns. Below are the primary products and services offered by the company:
- Investment in Municipal Bonds: The fund specializes in investing in municipal bonds that are exempt from Federal income taxes and are not affected by the alternative minimum tax. This exemption allows investors to enjoy tax-free interest income, making these bonds an attractive choice for individuals in higher tax brackets or those seeking tax-efficient investment options.
- Fixed Income Securities Investment: A significant portion of the fund’s assets is allocated towards fixed income securities of the types included in its underlying index. The emphasis on fixed income securities aims to provide investors with a steady stream of income, while the adherence to the types present in the index ensures that the fund remains closely aligned with its tracking objectives. This approach underscores the fund's strategy of balancing income generation with the goal of tracking the specified index.
