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SHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETF

Get income18y track recordRanked #117 of 1,650 in this goal

Seeks to provide investment results that correspond to the price and yield performance of an index tracking the short term tax exempt municipal bond market.

By State Street Investment Management · Launched 2007

Annual Cost

0.20%

#934 of 5,861 · low cost

Fund Size

$3.5B

#552 of 5,861 · large

Dividend YieldGoal

2.66%

Track Record

18 years

#518 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,106+1.1%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

ICE 1-5 Year AMT-Free Broad Municipal Index

What it actually holds

By weight

Concentration

Top 10 holdings = 6.1% of fund✓ well diversified

Southeast Energy Authority A Cooperative District
0.9%
City of New York NY
0.9%
State of California
0.7%
New York State Dormitory Authority
0.6%
State of California
0.5%
New York City Transitional Finance Authority Future Tax Secured Revenue
0.5%
Triborough Bridge & Tunnel Authority
0.5%
State of California
0.5%
State of California
0.5%
University of California
0.4%

Asset allocation

Bonds
98.5%
Cash
1.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
1.3%Low

Year-on-year price swings

Max drawdown
-11.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)
-0.53Below average
Sortino (3Y)
-0.69Moderate downside risk

Bond profile

Duration

4.8 years

Avg maturity

10.5 years

Credit ratings

AAA
20.1%
AA
59.9%
A
18.7%
BBB
1.3%

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide investment results that correspond to the price and yield performance of an index tracking the short term tax exempt municipal bond market.
Strategy
Employs a sampling strategy to track the ICE 1-5 Year AMT-Free Broad Municipal Index, investing primarily in short-term tax-exempt debt issued by U.S. states and territories. Aims for income exempt from federal income taxes.
Inception date
October 10, 2007
Fund family
State Street Investment Management

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Data updated on 2026-08-04