SHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETF

Get income18y track recordRanked #118 of 1,622 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%

#1,039 of 5,562 · low cost

Fund Size

$3.5B

#537 of 5,562 · large

Dividend YieldGoal

2.66%

Track Record

18 years

#528 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,282+2.8%

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

Classification

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 = 6.0% 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

97.2%

Cash

2.8%

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)

-0.32Below average

Sortino (3Y)

-0.43Moderate downside risk

Bond profile

Duration

4.8 years

Avg maturity

10.5 years

Credit ratings

AAA

19.4%

60.5%

18.6%

BBB

1.4%

Where to buy

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 at least 80% of assets in securities comprising the Index. The Fund may also invest in cash equivalents for management purposes. The Index tracks U.S. dollar denominated investment grade, short-term tax-exempt debt issued by U.S. states and territories, including general obligation and revenue bonds, with an average rating of Baa3/BBB- or higher.
Inception date: October 10, 2007
Fund family: State Street Investment Management