iShares Short Maturity Municipal Bond ETF (MEAR)
- Expense ratio0.23%
- Net assets$1.50B
- Dividend yield2.93%
- 1-year return+1.58%
- Duration1.29 yrs
MEAR ETF price chart
MEAR quote & trading statistics
MEAR performance
Annual returns & drawdowns →- YTD+1.15%
- 1 year+1.58%
- 3 years+3.13%/yr
- 5 years+2.34%/yr
- 10 years+1.83%/yr
- 1Y volatility
- 1.39%
- 3Y volatility
- 0.96%
- 3Y Sharpe ratio
- -1.53
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
MEAR bond portfolio
Rate scenarios & peers →- Yield to maturity
- 4.03%
- Effective duration
- 1.29 yrs
- Average maturity
- 1.4 yrs
- Average coupon
- 3.60%
A one-percentage-point rise in interest rates would lower the price by about 1.3%.
About iShares Short Maturity Municipal Bond ETF
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 ETF FAQ
What is the MEAR expense ratio?
iShares Short Maturity Municipal Bond ETF has a net expense ratio of 0.23%, or $23.00 a year for every $10,000 invested.
How much money is in MEAR?
iShares Short Maturity Municipal Bond ETF has about $1.50B in net assets.
How has MEAR performed?
MEAR returned +1.58% over the past year and +2.34% a year over the past five years, including reinvested distributions.
Does MEAR pay dividends?
MEAR has a dividend yield of 2.93% and pays distributions monthly.
When was MEAR launched?
iShares Short Maturity Municipal Bond ETF began trading on March 3, 2015.