---
ticker: "SUB"
name: "iShares Short-Term National Muni Bond ETF"
url: "https://etf.net/etf/SUB"
grade: "A"
score: 79
graded_at: "2026-10-12"
category: "Short-Duration Municipal Bonds"
category_rank: "2 of 28"
methodology: "https://etf.net/methodology"
---

# SUB: iShares Short-Term National Muni Bond ETF

Grade **A**, Score 79 of 100. Rank 2 of 28 in Short-Duration Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 91 | 3 of 28 |
| Mission | 100 | 1 of 27 |
| Risk | 39 | 23 of 27 |
| Tradability | 60 | 9 of 28 |
| Holdings | 80 | 3 of 28 |
| Durability | 94 | 1 of 28 |

## Top holdings

The fund holds 3058 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | BlackRock Liq Municash Class Ins Mmf | 2.43% |
| 2 | — | California (State Of) 5.00% 08/01/2031 | 0.41% |
| 3 | — | New Jersey Economic Dev Auth R 5.00% 03/01/2028 | 0.33% |
| 4 | — | Triborough Brdg & Tunl Auth N 01/01/2032 | 0.32% |
| 5 | — | Bay Area Toll Auth Calif Toll 2.00% 04/01/2028 | 0.27% |
| 6 | — | California St 5.00% 08/01/2029 | 0.24% |
| 7 | — | New York St Urban Dev Corp Rev 5.00% 09/15/2028 | 0.22% |
| 8 | — | University Calif Revs 5.00% 05/15/2030 | 0.22% |
| 9 | — | New Jersey St Tpk Auth Tpk Rev 5.00% 01/01/2030 | 0.22% |
| 10 | — | California St 5.00% 11/01/2027 | 0.22% |
| 11 | — | California St 5.00% 04/01/2029 | 0.21% |
| 12 | — | Texas St 5.00% 10/01/2030 | 0.20% |
| 13 | — | Georgia St 5.00% 12/01/2026 | 0.20% |
| 14 | — | Maryland St 5.00% 06/01/2031 | 0.20% |
| 15 | — | New York N Y City Transitional 05/01/2055 | 0.20% |
| 16 | — | New Jersey St Edl Facs Auth Re 5.00% 07/01/2031 | 0.19% |
| 17 | — | Seattle Wash Mun Lt & Pwr Rev 08/01/2056 | 0.19% |
| 18 | — | Massachusetts St 5.50% 08/01/2030 | 0.19% |
| 19 | — | Connecticut St Spl Tax Oblig R 5.00% 07/01/2030 | 0.19% |
| 20 | — | New York N Y City Transitional 5.00% 11/01/2030 | 0.19% |
| 21 | — | King Cnty Wash Swr Rev 01/01/2042 | 0.18% |
| 22 | — | New York N Y 5.00% 08/01/2030 | 0.18% |
| 23 | — | Ohio St Wtr Dev Auth Rev 5.00% 06/01/2028 | 0.18% |
| 24 | — | New Jersey St Tpk Auth Tpk Rev 5.00% 01/01/2031 | 0.18% |
| 25 | — | New Jersey St 4.00% 06/01/2030 | 0.18% |
| 26 | — | Pennsylvania St 5.00% 03/01/2028 | 0.18% |
| 27 | — | New York N Y City Transitional 5.00% 11/01/2029 | 0.18% |
| 28 | — | Pennsylvania St 4.00% 01/01/2029 | 0.18% |
| 29 | — | Connecticut St Health & Edl Fa 5.00% 07/01/2030 | 0.18% |
| 30 | — | Georgia St 5.00% 07/01/2027 | 0.17% |

Source: etf.net, https://etf.net/etf/SUB. Please cite the page URL.