IShares Short-Term National AMT-Free Municipal Bond SUB offers exposure to U.S. investment-grade tax-exempt municipal bonds with maturities between one month and five years. Because municipal-bond interest is exempt from Read more
The fund’s tax-equivalent yield is currently higher than comparable taxable-bond yields.
Its short duration limits the fund’s interest-rate sensitivity, which can help it perform better if interest rates rise sharply. Read more
There are cheaper alternatives.
Market-cap weighting increases the fund’s exposure to the most indebted issuers. Read more