Key stats
About SPDR Nuveen ICE Short Term Municipal Bond ETF
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Inception date
Oct 10, 2007
Structure
Open-Ended Fund
Replication method
Physical
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)
ISIN
US78468R7391
SHMs 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%.
Related funds
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.07%
Mutual fund0.93%
Top 10 holdings
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SHM assets under management is 3.43 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SHM invests in bonds. See more details in our Analysis section.
SHM expense ratio is 0.20%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SHM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, SHM pays dividends to its holders with the dividend yield of 2.50%.
SHM shares are issued by State Street Corp.
SHM follows the ICE 1-5 Year AMT-Free US Select Municipal Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 10, 2007.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.