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MEAR iShares Short Maturity Municipal Bond

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Fund MEAR iShares Short Maturity Municipal Bond
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Similarity
?
100%
Annual Fees
?
$25.50
(0.25% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$16,726.28
Est. savings over 30 yrs
Return
As of 11/30/16
1 YR RETURN 0.52%
3 YR --
5 YR --
10 YR --
Description
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").

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

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