Revenue distribution by industries: Not applicable

TOP 3 Markets:

1. California: approx. 20%
2. New York: approx. 15%
3. Texas: approx. 10%

Since the iShares Short-Term National Muni Bond ETF (ARCA:SUB) is a municipal bond fund, it does not generate revenues from specific industries but invests in municipal bonds issued by various US states and local governments.

The TOP 3 markets for this ETF are based on the geographical regions where the bonds are issued. California, New York, and Texas are traditionally large issuers of municipal bonds, which is reflected in the percentage shares of the fund. These shares may vary depending on the specific bonds in which the fund is invested at any given time.

iShares Trust - iShares Short-Term National Muni Bond ETF (ARCA:SUB) is an exchange-traded fund (ETF) and not a company that produces physical products.

iShares ETFs are managed by BlackRock, one of the world's largest asset managers. Being a financial service provider, there are no physical production facilities. Instead, BlackRock manages financial products and offers investment solutions.

Current data not available.

Since iShares Trust - iShares Short-Term National Muni Bond ETF (ARCA:SUB) is an exchange-traded fund (ETF) and not a traditional company, it does not pursue a growth strategy in the classical sense. Instead, the fund is managed by iShares, a brand of BlackRock, which focuses on providing cost-effective and diversified investment opportunities.

The iShares Short-Term National Muni Bond ETF invests in short-term municipal bonds that offer tax-exempt interest income. The fund's strategy is to provide investors with a stable income source with low risk by investing in high-quality, short-term bonds.

For future growth, the fund could enhance its attractiveness by adapting to market conditions and expanding its bond portfolio to meet the needs of investors in a changing interest rate environment. BlackRock could also strengthen its marketing and distribution efforts to attract more investors.

Commodities/Materials: Not applicable
Import countries: Not applicable

The iShares Short-Term National Muni Bond ETF (ARCA:SUB) is an exchange-traded fund that invests in municipal bonds. These bonds are issued by municipalities in the United States to finance public projects. As a financial fund, it does not import physical commodities or materials. Instead, it invests in financial instruments issued in the USA.

Current Yield: 1.2% (estimated 2025)
Assets Under Management: $4.5 billion USD (estimated 2025)
Expense Ratio: 0.25% (2025)

The iShares Short-Term National Muni Bond ETF (ARCA:SUB) provides investors with access to a diversified portfolio of short-term municipal bonds. The competitive advantage of this ETF lies in its low expense ratio of 0.25%, which is competitive compared to other similar ETFs.

Another advantage is the high liquidity and substantial assets under management of approximately $4.5 billion USD, indicating investors' trust in the fund's stability and performance. The current yield of around 1.2% is typical for short-term municipal bonds and offers an attractive option for conservative investors seeking tax-free returns.

Additionally, the ETF benefits from the strong brand and wide distribution network of iShares, one of the largest ETF providers globally. This enables broad market acceptance and accessibility for a variety of investors.

Institutional Investor Share: approx. 75% (estimated for 2025) Insider Buys/Sells: No significant insider transactions known

The iShares Short-Term National Muni Bond ETF (ARCA:SUB) is an exchange-traded fund that invests in municipal bonds. Such ETFs are typically heavily held by institutional investors as they offer stable returns and diversification. The estimated 75% share of institutional investors is based on historical trends and the typical structure of bond ETFs.

Insider buys or sells are less relevant for ETFs as they are not operating companies with management that could buy or sell stocks. Therefore, there are usually no significant insider transactions in such funds.

Market share of iShares Short-Term National Muni Bond ETF (SUB): 12% (estimated, 2025)

Top competitors and their market share:

1. Vanguard Short-Term Tax-Exempt Fund ETF (VTEB): 18%
2. SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM): 15%
3. Invesco Short Term Municipal Bond ETF (PVI): 10%
4. Schwab Short-Term U.S. Treasury ETF (SCHO): 8%
5. First Trust Short Duration Managed Municipal ETF (FSMB): 7%

The iShares Short-Term National Muni Bond ETF (SUB) holds a significant market share of approximately 12%, placing it in the middle of the largest providers in this segment. The biggest competitor is the Vanguard Short-Term Tax-Exempt Fund ETF with a market share of 18%.

The moat of iShares SUB mainly lies in the strong brand recognition and wide acceptance of iShares products in the market. iShares is known for its extensive product range and the high liquidity of its ETFs, which is a crucial advantage for many investors.

Compared to competitors, the moat of iShares SUB could be perceived as less strong, as companies like Vanguard also have a strong brand and a large following. Vanguard often offers products with lower expense ratios, which can be attractive to cost-conscious investors.

In summary, it can be said that iShares SUB has a solid but not insurmountable moat. Competition in this market segment is intense, and many competitors offer comparable advantages, especially in terms of costs and brand strength.

Fund volume: $4.5 billion (estimated for 2025)

Average return of the last 5 years: 2.3% p.a.

The iShares Short-Term National Muni Bond ETF (ARCA:SUB) invests in short-term municipal bonds, which typically have lower volatility and risk compared to long-term bonds. These bonds offer tax-free interest income, making them particularly attractive to investors in higher tax brackets.

In recent years, the ETF has achieved an average annual return of about 2.3%. This is in line with the performance of comparable short-term municipal bond funds. The current economic situation and central banks' interest rate policies could affect bond yields, with rising interest rates tending to lead to bond price declines.

For conservative investors who value stability and tax-free income, the iShares Short-Term National Muni Bond ETF could be a meaningful addition to the portfolio. However, it is important to consider one's own risk tolerance and the tax benefits.

Dividend yield: 1.5% (estimated for 2025)

The iShares Short-Term National Muni Bond ETF (ARCA:SUB) is known for making regular monthly distributions. These distributions are based on the interest income from the municipal bonds held in the fund.

The reliability of the distributions is generally high, as municipal bonds are considered relatively safe investments. However, the distribution amounts may vary depending on the interest rate environment and bond selection in the fund. Historically, the fund has consistently maintained its distributions, indicating a stable source of income.