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Upturn AI SWOT - About
iShares Short-Term National Muni Bond ETF (SUB)
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Upturn Advisory Summary
04/01/2025: SUB (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 2.97% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 558367 | Beta 0.33 | 52 Weeks Range 101.49 - 106.03 | Updated Date 04/2/2025 |
52 Weeks Range 101.49 - 106.03 | Updated Date 04/2/2025 |
Upturn AI SWOT
iShares Short-Term National Muni Bond ETF
ETF Overview
Overview
The iShares Short-Term National Muni Bond ETF (SUB) 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. It focuses on providing exposure to short-term municipal bonds, offering potential tax-exempt income.
Reputation and Reliability
BlackRock is one of the world's largest asset managers, known for its extensive ETF offerings and strong reputation.
Management Expertise
BlackRock has a highly experienced management team with significant expertise in fixed-income investing and ETF management.
Investment Objective
Goal
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.
Investment Approach and Strategy
Strategy: The ETF aims to replicate the investment results of the ICE Short Maturity AMT-Free US National Municipal Index.
Composition The ETF holds primarily investment-grade municipal bonds with short-term maturities (1 month to 5 years).
Market Position
Market Share: SUBu2019s market share is notable, but it's not the dominant player in the short-term municipal bond ETF segment.
Total Net Assets (AUM): 3733000000
Competitors
Key Competitors
- Invesco VRDO Tax-Free Weekly ETF (PVI)
- SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM)
- Vanguard Short-Term Tax-Exempt ETF (VTES)
Competitive Landscape
The short-term municipal bond ETF market is competitive, with several established players. SUB benefits from BlackRock's brand and low expense ratio but faces competition from larger and more liquid ETFs like PVI and VTES. Competitors may offer slightly different index tracking or have lower expense ratios. SUB's advantage is in its specific index and BlackRock's expertise.
Financial Performance
Historical Performance: Historical performance data is available, but needs to be updated frequently. This data will vary depending on time of extraction.
Benchmark Comparison: The ETF's performance closely tracks its benchmark index, the ICE Short Maturity AMT-Free US National Municipal Index.
Expense Ratio: 0.07
Liquidity
Average Trading Volume
The ETF exhibits moderate liquidity, facilitating efficient trading.
Bid-Ask Spread
The bid-ask spread is typically low, reflecting reasonable trading costs.
Market Dynamics
Market Environment Factors
Economic indicators such as interest rates, inflation, and municipal bond issuance affect SUB. Changes in tax laws also impact the attractiveness of municipal bonds. The state of the municipal market and credit quality of issuers play a vital role.
Growth Trajectory
SUB's growth trajectory is influenced by demand for short-term, tax-exempt income. Changes in strategy are infrequent as the fund's objective is well defined.
Moat and Competitive Advantages
Competitive Edge
SUB's competitive advantage lies in its focus on short-term municipal bonds, providing tax-exempt income with lower interest rate risk. BlackRock's brand and established ETF platform also contribute to its appeal. The ETF's efficient tracking of its benchmark index and tight expense control further enhance its competitiveness. Investors seeking a conservative municipal bond allocation often favor SUB. This advantage is compounded by the depth of BlackRock's resources.
Risk Analysis
Volatility
The ETF exhibits low volatility due to its focus on short-term maturities.
Market Risk
Market risk includes interest rate risk (although minimized by short maturities), credit risk (default by municipal issuers), and liquidity risk (although this is generally low for SUB).
Investor Profile
Ideal Investor Profile
The ideal investor for SUB is a conservative investor seeking tax-exempt income, lower interest rate risk, and exposure to the municipal bond market. This includes individuals in higher tax brackets and those looking for a stable income stream.
Market Risk
SUB is best suited for long-term investors seeking tax-advantaged income and those using a buy-and-hold strategy.
Summary
The iShares Short-Term National Muni Bond ETF (SUB) offers a tax-efficient way to invest in short-term municipal bonds. Its low expense ratio, focus on short maturities, and BlackRock's backing make it attractive for conservative investors. SUB provides diversification within the municipal bond market and is suitable for long-term, tax-sensitive portfolios. While it faces competition, its unique focus and brand recognition support its position in the ETF market. Potential investors should consider their individual risk tolerance, investment horizon, and tax situation.
Similar Companies
MUB
iShares National Muni Bond ETF
MUB
iShares National Muni Bond ETF
SHM
SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF
SHM
SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF
VTEB
Vanguard Tax-Exempt Bond Index Fund ETF Shares
VTEB
Vanguard Tax-Exempt Bond Index Fund ETF Shares
VTES
Vanguard Short-Term Tax-Exempt Bond ETF Shares
VTES
Vanguard Short-Term Tax-Exempt Bond ETF Shares
Sources and Disclaimers
Data Sources:
- iShares.com
- Bloomberg
- Morningstar
- ETF.com
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a financial advisor. Market share data is approximate and may vary depending on the source and date of extraction.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares Short-Term National Muni Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that the advisor believes will help the fund track the underlying index. The underlying index includes municipal bonds, the interest of which is exempt from Federal income taxes and not subject to alternative minimum tax.
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