This fund tracks an index of municipal bonds, a slice of the bond market that is highly coveted due to its tax features. These bonds are generally free from federal taxes and in some cases, state and local income taxes as well making these funds crucial components of portfolios for those in high tax brackets. Muni bonds are used by local entities to pay for a variety of services or to make improvements to infrastructure paying for everything from new sewer systems to school renovations and bridge construction as such, they are relatively low risk instruments. This is especially true in the case of SUB since the fund only targets short term munis which have less default risk then their longer-dated counterparts. As a result SUB is a solid choice for investors seeking broad exposure to the muni market but with lower levels of risk. The fund still has very good levels of diversification— holding over 500 securities— but a relatively high expense ratio making the fund a choice for those who are willing to sacrifice a few basis points in fees for one of the most diversified portfolios in the Category. However, investors should be aware that these shorter term instruments are likely to pay out a lower rate of interest than some of the longer-term bonds that are out there, potentially limiting current income.
| Segment | Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Short-Term |
| Category | Government, Local Authority/Municipal |
| Focus | Investment Grade |
| Niche | Short-Term |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| SUB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 3000 | 1012 | 1049 |
| % of Assets in Top 10 | 3.87% | 16.75% | 14.54% |
| % of Assets in Top 15 | 5.57% | 21.21% | 19.23% |
| % of Assets in Top 50 | 16.49% | 42.26% | 43.27% |
| SUB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| SUB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.16 | $ 0.08 | $ 0.09 |
| Dividend Date | 2023-09-01 | N/A | N/A |
| Annual Dividend Rate | $ 1.57 | $ 0.85 | $ 0.88 |
| Annual Dividend Yield | 1.53% | 2.67% | 2.09% |
View charts featuring SUB price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -226.87 M 1 Month Net Flows: -449.86 M 3 Month Net Flows: -745.54 M 6 Month Net Flows: -1.48 B 1 Year Net Flows: -160.52 M 3 Year Net Flows: 5.42 B 5 Year Net Flows: 7.47 B 10 Year Net Flows: 8.41 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -274.91 MThe adjacent table gives investors an individual Realtime Rating for SUB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the National Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
SUB does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| SUB |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -0.58% | -1.77% | -0.47% |
| 3 Month Return | -0.80% | -2.71% | -0.49% |
| YTD Return | -0.28% | -0.60% | 0.52% |
| 1 Year Return | 1.59% | 2.27% | 2.38% |
| 3 Year Return | -0.65% | -1.46% | -0.53% |
| 5 Year Return | 0.86% | 0.48% | 0.50% |
The following charts reflect the geographic spread of SUB's underlying holdings.
The following charts reflect the allocation of SUB's underlying holdings.
| Asset | Percentage |
|---|---|
| Municipal | 99.01% |
| Other | 0.44% |
| CASH | 0.04% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Municipal | 99.01% |
| Other | 0.44% |
| CASH | 0.04% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 16.36% |
| 20 Day Volatility | 1.32% |
| 50 Day Volatility | 1.19% |
| 200 Day Volatility | 1.33% |
| Beta | 0.05 |
| Standard Deviation | 0.80% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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