Symbols

HYMB

State Street SPDR Nuveen ICE High Yield Municipal Bond ETF·NYSE

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Key Stats

Assets Under Management

2.89BUSD

Fund Flows (1Y)

118.43MUSD

Dividend Yield

4.57%

Discount/Premium to NAV

-0.11%

Shares Outstanding

116.20M

Expense Ratio

0.35%

About State Street SPDR Nuveen ICE High Yield Municipal Bond ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-nuveen-ice-high-yield-municipal-bond-etf-hymb

Inception Date

Apr 13, 2011

Structure

Open-Ended Fund

Index Tracked

ICE US Select High Yield Crossover Municipal Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

HYMB's take on the high yield muni space includes some investment grade bonds. By design, the fund reaches further up the credit spectrum, holding about 30% of its portfolio in investment grade securities (20% rated BBB and 10% IG rated A). HYMB holds bonds issued by US states, the District of Columbia, US territories like Puerto Rico and local governments and agencies. Securities included must have at least a year to maturity and are market-value-weighted. Rebalancing occurs monthly. The fund tracked a very similar S&P index prior to Oct, 1 2019.