iSharesMuni National ShortSUB · NYSE Arca

iShares Short-Term National Muni Bond ETF (SUB)

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Price: $106.06; —30 Oct 2026
Assets: $11.9B; Total net assets
Expense ratio: 0.07%; Category 0.54%
Yield: 2.61%; Trailing distributions

1Y return: 2.2%-0.1%; Category 2.3%
3Y CAGR: 3.3%-0.2%; Category 3.6%
5Y CAGR: 1.6%-0.3%; Category 1.9%

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iShares Short-Term National Muni Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+1.7%	+0.6%	+0.8%	+1.3%	+2.2%	+3.3%	+1.6%	+1.5%	+1.5%
Muni National Short average	1.5%	0.5%	0.9%	1.6%	2.3%	3.6%	1.9%	1.6%	2.3%
Difference	+0.2%	0.0%	-0.1%	-0.3%	-0.1%	-0.2%	-0.3%	-0.1%	-0.8%

Holdings

The 1 largest positions make up 0.4% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
MCSXX	BlackRock Liquidity MuniCash Instl	0.42%

Credit quality

Share of the bonds by rating.

AAA27.8%
AA56.6%
A15.1%
BBB0.3%
Other0.2%

Asset mix

Bonds95.6%
Cash4.4%

ETF details

Issuer: iShares
Category: Fixed Income · Muni National Short
Ticker: SUB
Exchange: NYSE Arca
Inception: 5 Nov 2008 (18.0 years)
Structure: Exchange Traded Fund
Expense ratio: 0.07% (category 0.54%)
Holdings turnover: 29% (category 59%)
Distribution yield: 2.61%
Beta, 3 years: 0.28
Total net assets: $11.9B
Average duration: 4.86 years
Average maturity: 10.23 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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