HYMB

State Street SPDR Nuveen ICE High Yield Municipal Bond ETF

$25.05

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofA US High Yield Municipal Securities Index.

Overview

ETF tracking State Street SPDR Nuveen ICE High Yield Municipal Bond ETF

Category Municipal Bonds

Issuer State Street

Inception Date 2011-04-14

Market Cap $2.7B

Average Volume N/A

Dividend Yield 3.77%

52-Week Range $24.11 - $26.23

VWAP $25.10

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in high-yield municipal bonds to track the performance of the underlying index. The index includes high-yield, non-investment grade municipal bonds issued in the U.S. domestic market.

✨ Key Features

Exposure to a diversified portfolio of high-yield municipal bonds
Potential for higher income compared to investment-grade municipal bonds
Tracks the ICE BofA US High Yield Municipal Securities Index
Low expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: High-yield municipal bonds have a higher risk of default compared to investment-grade bonds
Interest rate risk: Bond prices may decline as interest rates rise
Liquidity risk: High-yield municipal bonds may have lower trading volume and be more difficult to sell
Tax risk: Changes in tax laws could affect the tax-exempt status of the municipal bonds

👤 Best For

This ETF may be suitable for investors seeking higher income potential from municipal bonds, with a higher risk tolerance and a longer-term investment horizon. It is generally not recommended for conservative or short-term investors due to the higher credit risk associated with high-yield municipal bonds.