Morningstar Rating

ETF Research and Analysis

by Elizabeth Foos
Suitability
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 

Bull Case

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 

Bear Case

The fees here are above average for the category.
Market-cap weighting increases the fund’s exposure to the most indebted issuers. Read more 

Should You Invest in Fallen-Angel Bonds? 
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