Key stats
About SPDR Nuveen Bloomberg High Yield Municipal Bond ETF
Expense ratio
0.35%
Home page
Inception date
Apr 13, 2011
ISIN
US78464A2841
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.
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.34%
Securitized0.44%
Mutual fund0.22%
Cash0.01%