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%.
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%
Municipal99.97%
Mutual fund0.03%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SHM last dividends amounted to 0.11 USD. The month before, the issuer paid 0.10 USD in dividends, which shows a 2.28% increase.
Yes, SHM pays dividends to its holders with the dividend yield of 2.50%. The last dividend (Sep 5, 2025) amounted to 0.11 USD. The dividends are paid monthly.
SHM shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on Oct 10, 2007, and its management style is Passive.
SHM expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
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.
SHM invests in bonds.