NEAR – iShares Short Duration Bond Active ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks total return in excess of the reference benchmark. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in a portfolio of U.S. dollar-denominated investment-grade fixed-income securities. Under normal circumstances, the effective duration of its portfolio is expected to be three year or less, as calculated by the management team. It is an actively managed exchange-traded fund ("ETF") that does not seek to replicate the performance of a specified index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
NEAR	iShares Short Duration Bond Active ETF	ETF	Open			Sep 25, 2013	$5.10B	0.250%	—	—	$1.47B

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