09/15/2021 | Press release | Distributed by Public on 09/15/2021 04:18
June 29, 2021 | |
(as revised September 15, 2021) |
2021 Summary Prospectus |
• | iShares Short-Term National Muni Bond ETF | SUB | NYSE ARCA |
Ticker: SUB | Stock Exchange: NYSE Arca |
Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments) |
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Management Fees |
Distribution and Service (12b-1) Fees |
Other Expenses1 |
Total Annual Fund Operating Expenses |
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0.07% | None | 0.00% | 0.07% |
1 Year | 3 Years | 5 Years | 10 Years | |||
$7 | $23 | $40 | $90 |
1 | The Fund's year-to-date return as of March 31, 2021 was -0.03%. |
One Year | Five Years | Ten Years | |||
(Inception Date: 11/5/2008) | |||||
Return Before Taxes | 2.27% | 1.55% | 1.34% | ||
Return After Taxes on Distributions1 | 2.27% | 1.55% | 1.34% | ||
Return After Taxes on Distributions and Sale of Fund Shares1 | 1.86% | 1.46% | 1.28% | ||
S&P Short Term National AMT-Free Municipal Bond Index (Index returns do not reflect deductions for fees, expenses, or taxes)2 |
2.37% | 1.78% | 1.61% | ||
ICE Short Maturity AMT-Free US National Municipal Index (Index returns do not reflect deductions for fees, expenses, or taxes)2 |
N/A | N/A | N/A |
1 | After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state or local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts ('IRAs'). Fund returns after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund shares. As a result, Fund returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes on distributions. |
2 | Effective September 15, 2021, the Fund's Underlying Index changed from the S&P Short Term National AMT-Free Municipal Bond Index to the ICE Short Maturity AMT-Free US National Municipal Index. The inception date of the ICE Short Maturity AMT-Free US National Municipal Index is June 10, 2021. |