Fixed Income

MEAR

BlackRock Short Maturity Municipal Bond ETF ACTIVE

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

0.87 2.08 1.49 0.22 -0.67
Benchmark (%)

as of Sep 30, 2022

0.57 2.64 2.24 0.44 -2.34
  1Y 3Y 5Y 10y Incept.
-0.67 0.34 0.79 - 0.80
Benchmark (%) -2.34 0.10 0.70 - 0.72
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
-0.62 -0.13 -0.05 0.05 -0.67 1.03 4.03 - 6.22
Benchmark (%) -2.34 -0.86 -1.12 -0.74 -2.34 0.29 3.52 - 5.59
  2017 2018 2019 2020 2021
Total Return (%) 0.97 1.58 2.03 1.11 0.06
Benchmark (%) 0.92 1.74 2.46 1.76 0.31
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund as of Nov 25, 2022 USD 530,000,460
Fund Inception Date Mar 3, 2015
Exchange Cboe BZX formerly known as BATS
Base Currency USD
Asset Class Fixed Income
Benchmark Index Bloomberg Barclays Municipal Bond: 1 Year (1-2) Index
Distribution Frequency Monthly
Use of Income Distributing
Domicile United States
CUSIP 46431W838
ISIN US46431W8385
49.75
-
30 Day Avg. Volume 57,645.00
Volume - 1d as of Nov 25, 2022 18,480.00

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Nov 23, 2022 87
Equity Beta (3y) as of Oct 31, 2022 0.02
12m Trailing Yield as of Nov 23, 2022 0.62%
Standard Deviation (3y) as of Oct 31, 2022 0.69%
Average Yield to Maturity as of Nov 24, 2022 2.46%
Tax Equiv. SEC Yield as of Nov 23, 2022 3.87%
Weighted Avg Coupon as of Nov 24, 2022 2.68
Weighted Avg Maturity as of Nov 24, 2022 0.50 yrs
Effective Duration as of Nov 24, 2022 0.29 yrs
Convexity as of Nov 24, 2022 0.01

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


Where applicable, the Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Fees

Fees

as of current prospectus
Management Fee 0.25
Acquired Fund Fees and Expenses 0.00
Foreign Taxes and Other Expenses 0.00
Expense Ratio 0.25

Holdings

Holdings

as of Nov 24, 2022
Issuer Weight (%)
WISCONSIN (STATE OF) 3.79
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 2.76
MAIN STREET NATURAL GAS INC GA 2.37
TRIBOROUGH BRIDGE & TUNNEL AUTHORITY 2.08
PENNSYLVANIA ST TURNPIKE COMMISSION 1.90
Issuer Weight (%)
KENTUCKY INC KY PUB ENERGY AUTH 1.71
NEW JERSEY TRANSPORTATION TRUST FUND 1.67
BLACK BELT ENERGY GAS DIST 1.49
CONNECTICUT (STATE OF) 1.27
MAIN STREET NATURAL GAS INC - MACQUARIE 0.94
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Accrual Date Effective Date
Holdings are subject to change

The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Nov 24, 2022

% of Market Value

Type Fund
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product’s total holdings. However, in some instances it can reflect the location where the issuer of the securities carries out much of their business.
as of Nov 24, 2022

% of Market Value

Type Fund
as of Nov 24, 2022

% of Market Value

Type Fund
Maturity is provided in days. Maturity exposure is calculated by aggregating the percent par of holdings of individual securities in the portfolio by the legal final maturity date, or for securities that have a demand feature, the date in which the demand feature is exercised and proceeds received. The values reported include cash, accrued income, and/or payables/receivables which may result in negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds).
as of Nov 24, 2022

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valoren Common Code (EOC) ISIN of INAV
Cboe BZX formerly known as BATS MEAR USD Mar 5, 2015 - MEAR - - - US46431W8385 - 27362272 - -

Portfolio Managers

Portfolio Managers

Scott Radell
Managing Director, Head of San Francisco Core Portfolio

Scott Radell, Managing Director

James Mauro
James Mauro
Kristi Manidis
Kristi Manidis
Christian Romaglino
Christian Romaglino
Kevin Schiatta, CFA
Kevin Schiatta, CFA

Literature

Literature