Symbols

SHM

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF·NYSE

--(--)

Key Stats

Assets Under Management

3.51BUSD

Fund Flows (1Y)

-42.17MUSD

Dividend Yield

2.60%

Discount/Premium to NAV

0.06%

Shares Outstanding

72.65M

Expense Ratio

0.20%

About State Street SPDR Nuveen ICE Short Term 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-short-term-municipal-bond-etf-shm

Inception Date

Oct 10, 2007

Structure

Open-Ended Fund

Index Tracked

ICE 1-5 Year AMT-Free Broad 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)

SHM's take on short-term municipal bonds emphasizes high credit quality. It holds USD- denominated state and local general obligation, revenue, pre-refunded, and insured bonds. All bonds must be rated Aa3/AA- The fund excludes bonds with maturities greater than 5 years, so expect lower sensitivity to changes in interest rates. The bonds included in the index must have an outstanding par value of at least USD 7 million and be issued as part of a transaction of at least USD 75 million. However, the following bonds are excluded: hospital, housing, tobacco, and airline bonds, along with remarketed issues, floaters, and derivatives. The Index undergoes a monthly rebalance and caps issuers at 10%.