Key stats
About SPDR Nuveen Bloomberg High Yield Municipal Bond ETF
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Inception date
Apr 13, 2011
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.05%
Securitized1.15%
Mutual fund0.80%
Top 10 holdings
Dividends
Dividend payout history