MEAR
iShares Short Maturity Municipal Bd ETF
Bloomberg Municipal 1 Yr 1-2 TR USD
NAV as of
4 Week: 49.72 - 49.83
52 Week: 49.58 - 49.96
Latest Closing Price
49.80
Premium / Discount
0.05
Expense Ratio
0.25%
Investment Objective
The investment seeks to maximize tax-free current income. The fund normally invests at least 80% of its net assets in municipal securities such that the interest on each bond is exempt from U.S. federal income taxes and the federal alternative minimum tax ("AMT"). It primarily invests in U.S. dollar-denominated investment-grade short-term fixed- and floating-rate municipal securities with remaining maturities of five years or less, such as municipal bonds, municipal notes and variable rate demand obligations, as well as money market instruments and registered investment companies. The fund is an actively managed exchange-traded fund ("ETF").
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 0.16 | 0.09 | 1.87 |
| 1 Day | 0.08 | 0.00 | 0.00 |
| 1 Week | 0.10 | 0.12 | 0.87 |
| 1 Month | 0.08 | 0.31 | 0.26 |
| 3 Months | 0.12 | 0.71 | 0.17 |
| 6 Months | 0.10 | 0.92 | 0.11 |
| 1 Year | 0.14 | 1.20 | 0.12 |
| 2 Years | -0.84 | 1.33 | -0.63 |
| 3 Years | -0.60 | 1.75 | -0.34 |
| 5 Years | -0.09 | 3.56 | -0.03 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.5903 | 0.9724 | 1.5788 | 2.0308 | 1.1094 | 0.0589 | 0.1543 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 12.0000 | 79.0000 | 15.0000 | 80.0000 | 82.0000 | 55.0000 | 12.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 30/04/2023 | 04/05/2023 | 0.1168 |
| 02/04/2023 | 06/04/2023 | 0.1352 |
| 28/02/2023 | 06/03/2023 | 0.1172 |
| 31/01/2023 | 06/02/2023 | 0.1582 |
| 14/12/2022 | 20/12/2022 | 0.0693 |
| 30/11/2022 | 06/12/2022 | 0.0748 |
| 31/10/2022 | 06/11/2022 | 0.0753 |
| 02/10/2022 | 06/10/2022 | 0.0460 |
| 31/08/2022 | 07/09/2022 | 0.0558 |
| 31/07/2022 | 04/08/2022 | 0.0237 |
Portfolio Data
Total Number of Holdings: 145
Number of Bond Holdings: 123
Number of Equity Holdings: 0
Total Market Value: 471,253,192
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | ST JAMES PARISH LA REV 4.36% | 5.7839 | 26,500,000 | 0 | 26,503,165 |
| 2 | PENNSYLVANIA ECONOMIC DEV FIN AUTH EXEMPT FAC REV | 5.0201 | 23,000,000 | 0 | 23,003,151 |
| 3 | Wisconsin St | 4.3838 | 19,990,000 | 19,990,000 | 20,087,455 |
| 4 | Black Belt Energy Gas Dist Ala | 4.3751 | 20,000,000 | 20,000,000 | 20,047,673 |
| 5 | RACINE WIS UNI SCH DIST 4% | 2.8570 | 13,000,000 | 0 | 13,091,483 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| N.A | |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
0.0000
Price/Book*
0.0000
Price/Sales*
0.0000
Price/Cash Flow*
0.0000
Dividend Yield*
0.0000
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
0.0000
Sales Growth
0.0000
Cash-Flow Growth
0.0000
Book-Value Growth
0.0000
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
123
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 0.35 |
| Average Effective Maturity (Years)* | 0.68 |
| Average Credit Quality | 8.00 |
| Average Weighted Coupon* | 4.11 |
| Average Weighted Price* | 99.93 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 0.00 |
| AA | 38.87 |
| A | 35.61 |
| BBB | 18.05 |
| BB | 0.00 |
| B | 0.00 |
| Below B | 0.00 |
| Not Rated | 7.46 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 17.45 |
| 3 to 5 Years | 1.96 |
| 5 to 7 Years | 1.29 |
| 7 to 10 Years | 1.20 |
| 10 to 15 Years | 14.31 |
| 15 to 20 Years | 16.63 |
| 20 to 30 Years | 24.65 |
| Over 30 Years | 6.80 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 2.88 |
| 183 to 364 Days | 6.74 |
Data Source: Morningstar
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