MEAR: iShares Short Maturity Municipal Bond ETF - MutualFunds.com
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iShares Short Maturity Municipal Bd ETF

MEAR - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $279 M
  • Holdings in Top 10 21.8%

52 WEEK LOW AND HIGH

$50.21
$48.94
$50.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.25%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 108.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Muni National Short

Compare MEAR to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.87

0.00%

$81.84 B

-

$0.00

0.07%

0.17%

$11.27

0.00%

$33.32 B

-

$0.00

0.09%

0.17%

$13.66

+0.07%

$24.55 B

-

$0.00

0.29%

0.52%

$15.95

0.00%

$20.79 B

-

$0.00

0.00%

0.17%

$117.34

+0.21%

$20.43 B

-

-

0.29%

0.07%

MEAR - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Short Maturity Municipal Bond ETF
  • Fund Family Name
    iShares
  • Inception Date
    Mar 03, 2015
  • Shares Outstanding
    5550000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Radell

Fund Description

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").


MEAR - Performance

Return Ranking - Trailing

Period MEAR Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -0.6% 1.5% 81.11%
1 Yr 1.1% -1.0% 10.1% 97.03%
3 Yr 1.6%* -0.4% 9.8% 97.24%
5 Yr 1.3%* -0.3% 7.8% 97.07%
10 Yr N/A* -0.1% 10.2% N/A

* Annualized

Return Ranking - Calendar

Period MEAR Return Category Return Low Category Return High Rank in Category (%)
2020 0.3% -2.8% 310.0% 93.67%
2019 0.3% -0.3% 15.4% 98.57%
2018 0.3% -10.3% 97.2% 2.23%
2017 0.1% -100.0% 7.6% 88.41%
2016 -0.5% -7.9% 96.8% 2.17%

Total Return Ranking - Trailing

Period MEAR Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -0.6% 1.5% 80.83%
1 Yr 1.1% -5.0% 10.1% 77.84%
3 Yr 1.6%* -2.4% 9.8% 95.59%
5 Yr 1.3%* -1.4% 7.8% 95.87%
10 Yr N/A* -0.1% 10.2% N/A

* Annualized

Total Return Ranking - Calendar

Period MEAR Return Category Return Low Category Return High Rank in Category (%)
2020 0.3% -2.8% 310.0% 93.67%
2019 0.3% -0.3% 15.4% 98.57%
2018 0.3% -10.3% 11.0% 6.05%
2017 0.1% -100.0% 7.6% 89.80%
2016 -0.5% -7.9% 3.0% 5.27%

MEAR - Holdings

Concentration Analysis

MEAR Category Low Category High MEAR % Rank
Net Assets 279 M 582 K 81.8 B 61.16%
Number of Holdings 166 3 10805 64.95%
Net Assets in Top 10 60.7 M -199 M 4.06 B 55.85%
Weighting of Top 10 21.80% 2.4% 100.0% 30.31%

Top 10 Holdings

  1. KING CNTY WASH 0.13% 3.50%
  2. JERSEY CITY N J 2% 2.93%
  3. NEW YORK N Y 0.11% 2.71%
  4. IOWA FIN AUTH MIDWESTERN DISASTER AREA ECONOMIC DEV REV 0.22% 2.48%
  5. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.1% 2.34%
  6. MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% 2.25%
  7. METROPOLITAN WTR DIST SOUTHN CALIF WTRWRKS REV 0.34% 2.16%
  8. PORT ARTHUR TEX NAV DIST INDL DEV CORP EXEMPT FACS REV 0.14% 2.16%
  9. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.14% 1.99%
  10. INDIANA ST FIN AUTH ECONOMIC DEV REV 0.4% 1.87%

Asset Allocation

Weighting Return Low Return High MEAR % Rank
Bonds
92.02% 15.80% 147.66% 92.71%
Cash
7.99% -47.66% 84.20% 7.29%
Stocks
0.00% 0.00% 2.07% 73.45%
Preferred Stocks
0.00% -0.96% 1.04% 72.24%
Other
0.00% -13.58% 13.72% 72.58%
Convertible Bonds
0.00% 0.00% 1.44% 72.81%

Bond Sector Breakdown

Weighting Return Low Return High MEAR % Rank
Municipal
91.30% 15.02% 100.00% 91.80%
Cash & Equivalents
8.70% 0.00% 84.20% 7.12%
Derivative
0.00% 0.00% 0.85% 72.53%
Securitized
0.00% 0.00% 6.51% 73.15%
Corporate
0.00% 0.00% 15.75% 78.52%
Government
0.00% 0.00% 84.56% 74.22%

Bond Geographic Breakdown

Weighting Return Low Return High MEAR % Rank
US
90.84% 15.80% 141.34% 83.89%
Non US
1.18% 0.00% 28.07% 42.68%

MEAR - Expenses

Operational Fees

MEAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.01% 16.95% 96.84%
Management Fee 0.25% 0.00% 1.10% 8.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

MEAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

MEAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MEAR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 108.00% 0.00% 299.40% 97.20%

MEAR - Distributions

Dividend Yield Analysis

MEAR Category Low Category High MEAR % Rank
Dividend Yield 0.76% 0.00% 2.98% 3.95%

Dividend Distribution Analysis

MEAR Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MEAR Category Low Category High MEAR % Rank
Net Income Ratio 1.02% -1.65% 6.48% 96.68%

Capital Gain Distribution Analysis

MEAR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

MEAR - Fund Manager Analysis

Managers

Scott Radell


Start Date

Tenure

Tenure Rank

Mar 03, 2015

5.84

5.8%

Scott Radell has been employed as managing director and portfolio manager with BlackRock Investment Management LLC and BlackRock Financial Advisers (formerly, Barclays Global Fund Advisors) and its predecessors since 2009. Mr. Radell served as a portfolio manager at Barclays Global Fund Advisors and its affiliates since 2004. Radell was a credit strategist from 2003 to 2004 before becoming a CoreAlpha Bond Portfolio Manager and prior to that he was employed by Morgan Stanley Asset Management as a credit analyst from 1996 to 2003.

Kristi Manidis


Start Date

Tenure

Tenure Rank

Mar 28, 2019

1.76

1.8%

Kevin Schiatta


Start Date

Tenure

Tenure Rank

Mar 28, 2019

1.76

1.8%

Kevin A. Schiatta, CFA .Director of BlackRock, Inc. since 2006. Responsible for the day-to-day management of the Fund’s portfolio including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Schiatta has been a director of MLIM since 2000 and was a vice president thereof from 1994 to 2000.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 35.78 6.92 0.16