iShares Short Maturity Bond ETF (MEAR)
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iShares Short Maturity Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 9,272 | $467,105.68 | $466,010.72 | -$1,094.96 | -0.23% |
 Jeffery Yorg Focus Partners Advisor Solutions LLC | 5,531 | $278,430.54 | $278,043.37 | -$387.17 | -0.14% |
 Andrew Endelman Independent Wealth Network Inc. | 4,229 | $213,595.94 | $212,591.83 | -$1,004.11 | -0.47% |
 Ashish Sharma DGS Capital Management LLC | 130,726 | $6.56M | $6.57M | $7,979.45 | 0.12% |
| NK Nancy Kay Cross Staff Investments Inc. | 8,000 | $399,920 | $402,160 | $2,240 | 0.56% |
iShares Short Maturity Bond ETF (MEAR) FAQ
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iShares Short Maturity Bond ETF Profile
| BATS Exchange | US Country |
Overview
The described company operates as an actively managed exchange-traded fund (ETF) with a focus on investing in municipal securities. These securities are chosen based on their tax-exempt status concerning U.S. federal income taxes and the federal alternative minimum tax (AMT). Specifically, the fund prioritizes investments in fixed- and floating-rate municipal securities that are investment-grade and have remaining maturities of five years or less. The investment strategy of the fund is designed to offer investors exposure to tax-exempt income while attempting to maintain capital preservation and liquidity through short-term investments.
Products and Services
The fund offers a range of financial products and services characterized by their focus on providing tax-efficient investment opportunities to investors. Below are the main categories of products offered by the fund:
- Municipal Bonds:
Municipal bonds are debt securities issued by states, cities, counties, and other governmental entities to fund day-to-day obligations and to finance capital projects. The fund invests in these bonds primarily because the interest income generated is exempt from U.S. federal income taxes and the AMT, providing an attractive option for tax-conscious investors.
- Municipal Notes:
Municipal notes are short-term debt securities issued by municipalities. Similar to municipal bonds, these notes offer tax-exempt interest income. The fund includes municipal notes in its portfolio to achieve its investment objectives of capital preservation and liquidity, focusing on securities with maturities of five years or less.
- Variable Rate Demand Obligations (VRDOs):
VRDOs are a type of municipal security characterized by their variable interest rate and long-term nominal maturity, but they can be sold back to the issuer or a third party at par value on a periodic basis. The inclusion of VRDOs allows the fund to benefit from higher flexibility and potentially better yields compared to fixed-rate securities, while still targeting investments that are exempt from federal income taxes.
- Money Market Instruments:
The fund invests in money market instruments to provide liquidity and safety of principal. These instruments include short-term debt securities like treasury bills, commercial paper, and certificates of deposit. While these investments typically offer lower yields, they are considered low-risk and help the fund maintain a stable net asset value (NAV).
- Registered Investment Companies:
The fund may also invest in other registered investment companies that align with its investment objectives, such as other ETFs or mutual funds focused on tax-exempt municipal securities. This strategy can offer diversified exposure to a broader range of securities than would be possible through direct investments alone, potentially improving the fund's risk-adjusted returns.
