MEARiShares Short Maturity Municipal Bond Active ETF

Get income11y track recordRanked #234 of 1,622 in this goal

Seeks to maximize tax-free current income.

By iShares · Launched 2015

Annual Cost

0.26%

#1,303 of 5,562 · low cost

Fund Size

$1.4B

#934 of 5,562 · large

Dividend YieldGoal

2.86%

Track Record

11 years

#1,278 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,283+2.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 17.2% of fund✓ well diversified

Parish of St James

2.2%

Iowa Finance Authority

2.2%

Main Street Natural Gas, Inc.

1.9%

PEFA, Inc.

1.8%

Texas Municipal Gas Acquisition & Supply Corp. IV

1.7%

City of Houston Combined Utility System

1.7%

City of Burlington

1.6%

Kentucky Public Energy Authority

1.4%

County of Allen

1.4%

Connecticut Housing Finance Authority

1.2%

Asset allocation

Bonds

88.1%

Cash

11.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

0.9%Low

Year-on-year price swings

Max drawdown

-2.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.09Below average

Sortino (3Y)

-0.12Moderate downside risk

Bond profile

Duration

3.8 years

Avg maturity

10.2 years

Credit ratings

AAA

4.6%

49.9%

36.5%

BBB

9.0%

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to maximize tax-free current income.
Strategy: Invests primarily in municipal securities exempt from U.S. federal income taxes, focusing on short-term, investment-grade bonds with maturities of five years or less. The portfolio is actively managed and does not track a specific index.
Inception date: March 3, 2015
Fund family: iShares