MEAR Fees and Costs — iShares Short Maturity Municipal Bond Active ETF
Data updated: 2026-09-25
The net expense ratio is 0.26%: a 0.25% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 37%.
MEAR Fees and Expenses
Annual operating expenses and sales charges of MEAR. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.26% |
| Fee waiver | — |
| Net expense ratio | 0.26% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MEAR Costs Over Time
On $10,000 invested in MEAR, assuming 5% a year before costs, total costs come to $165 over 5 years, cutting the return by 0.27% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.26%) | $27 | $86 | $150 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $90 | $165 |
| Value after costs | $10,473 | $11,486 | $12,598 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
MEAR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.8B
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
MEAR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.3B | 37.74% |
| BlackRock Liquidity Funds T-Fund | $637.3M | 18.50% |
| Barclays Capital, Inc. | $368.2M | 10.69% |
| Morgan Stanley & Co. LLC | $317.3M | 9.21% |
| BofA Securities, Inc. | $240.2M | 6.97% |
| National Financial Services LLC | $198.1M | 5.75% |
| Wells Fargo Securities, LLC | $112.3M | 3.26% |
| PNC Capital Markets LLC | $104.1M | 3.02% |
| Goldman Sachs & Co. LLC | $85.7M | 2.49% |
| RBC Capital Markets, LLC | $81.5M | 2.37% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.