SHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETF
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%
#967 of 6,040 · low cost
Fund Size
$3.5B
#564 of 6,040 · large
Return (1Y)
+0.1%
Track Record
18 years
#525 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,017+0.2%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
ICE 1-5 Year AMT-Free Broad Municipal Index
Holdings
By weightConcentration
Top 10 holdings = 6.1% of funddiversified
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
98.1%
Cash
1.9%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.4%Low
Year-on-year price swings
Max drawdown
-11.6%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.64Below average
Sortino (3Y)
-0.83Moderate downside risk
Bond profile
Duration
4.8 years
Avg maturity
10.5 years
Credit ratings
AAA
19.2%
AA
60.0%
A
19.5%
BBB
1.4%
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 2026-09-18