ETFs › NEAR
BlackRock Short Maturity Bond ETF (NEAR)
The BNY Mellon Ultra Short Income ETF (NEAR) occupies a niche in the fixed income market, catering to investors seeking yields above cash with minimal duration risk. This actively managed fund primarily holds a diverse mix of ultra-short-term securities, including U.S. Treasury bills, commercial paper, and certificates of deposit, with maturities typically under one year. Launched in 2013, NEAR positions itself as a higher-yielding alternative to money market funds, while striving to maintain a conservative risk profile through its focus on high-quality, liquid instruments. The fund's strategy of keeping interest rate sensitivity low makes it relatively resilient to market volatility, appealing to investors prioritizing capital preservation.