iShares Short Maturity Municipal Bond Active ETFiShares Short Maturity Municipal Bond Active ETFiShares Short Maturity Municipal Bond Active ETF

iShares Short Maturity Municipal Bond Active ETF

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Key stats


Assets under management (AUM)
‪686.05 M‬USD
Fund flows (1Y)
‪77.49 M‬USD
Dividend yield (indicated)
3.47%
Discount/Premium to NAV
0.1%

About iShares Short Maturity Municipal Bond Active ETF


Issuer
Blackrock Finance, Inc.
Brand
iShares
Expense ratio
0.25%
Home page
Inception date
Mar 3, 2015
Index tracked
No Underlying Index
Management style
Active
MEAR presents a viable alternative for investors looking for additional cash management tools. The active manager aims to provide tax-exempt current income through a portfolio of investment-grade, AMT-free, short-term muni securities. With a target portfolio maturity of less than 3 years, MEAR can be a useful cash management tool for non-tax-advantaged accounts. Given its active approach, MEAR's exposure can change rapidly, so investors should monitor fund's holdings. Prior to December 2, 2020, MEAR fund name was branded as iShares Short Maturity Municipal Bond ETF. Prior to October 10, 2024, the fund used Blackrock for branding purposes instead of iShares.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Investment grade
Niche
Short-term
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 7, 2024
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal95.89%
Corporate5.11%
Mutual fund0.73%
Cash−1.73%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows