SPDR Nuveen Bloomberg High Yield Municipal Bond ETFSPDR Nuveen Bloomberg High Yield Municipal Bond ETFSPDR Nuveen Bloomberg High Yield Municipal Bond ETF

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF

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Buy HYMB

Key stats


Assets under management (AUM)
‪2.78 B‬USD
Fund flows (1Y)
‪677.78 M‬USD
Dividend yield (indicated)
4.18%
Discount/Premium to NAV
0.3%

About SPDR Nuveen Bloomberg High Yield Municipal Bond ETF


Issuer
State Street Corp.
Brand
SPDR
Expense ratio
0.35%
Home page
Inception date
Apr 13, 2011
Index tracked
Bloomberg Municipal Yield
Management style
Passive
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


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
High yield
Niche
Broad maturities
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal99.19%
Securitized0.41%
Mutual fund0.40%
Cash0.01%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.