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MEAR is an actively managed ETF that holds mostly investment-grade municipal bonds designed to generate federally tax-exempt income, while keeping interest-rate sensitivity low.
It targets a weighted average maturity under 3 years and an effective duration of about 1. 5 years or less (duration = how much bond prices typically move when rates change).
Because it’s active, the manager can shift holdings quickly rather than track an index.
You own a basket of short-term IOUs issued by U.S. states, cities, and related public agencies. The interest those bonds pay is generally exempt from U.S. federal income tax, and the portfolio is kept short so it behaves more like “cash-plus” than a long bond fund.
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Showing the largest holdings by weight in MEAR
| Issue Name | ISIN | ETF Weight | Market Value |
|---|---|---|---|
ST JAMES PARISH LA REV 11/01/2040 | US790103AG04 | 2.20% | $30.5M |
IOWA FIN AUTH MIDWESTERN DISAS 12/01/2041 | US46246XAD66 | 2.13% | $29.6M |
MAIN STR NAT GAS INC GA GAS SU 06/01/2030 | US56035DEN84 | 1.92% | $26.6M |
PEFA INC IOWA GAS PROJ REV 09/01/2026 | US70556CAB00 | 1.76% | $24.4M |
TEXAS MUN GAS ACQUISITION & SU 01/01/2030 | US88256PAG54 | 1.72% | $23.9M |
BURLINGTON KANS ENVIRONMENTAL 09/01/2035 | US121822AY67 | 1.59% | $22.0M |
ALLEN CNTY OHIO HOSP FACS REV 11/01/2050 | US01757LHJ89 | 1.46% | $20.2M |
KENTUCKY INC KY PUB ENERGY AUT 12/01/2029 | US74440DFN93 | 1.39% | $19.3M |
CONNECTICUT ST HSG FIN AUTH HS 11/15/2046 | US20775CZF49 | 1.24% | $17.3M |
LOUDOUN CNTY VA INDL DEV AUTH 06/01/2043 | US545910AQ45 | 1.21% | $16.8M |
Breakdown of MEAR by sector weightings (%)
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Top countries by weight (%)
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