State Street SPDR Nuveen ICE High Yield Municipal Bond ETF

Frequently Asked Questions About HYMB

What does HYMB invest in?

The State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) endeavors to achieve investment results that, before factoring in fees and expenses, generally replicate the price and yield performance of the ICE US Select High Yield Crossover Municipal Index. This benchmark, which employs a market capitalization-weighting methodology, is designed to monitor the returns of U.S. dollar-denominated, tax-exempt municipal debt. Such debt is publicly issued in the U.S. domestic market by American states, territories, and their associated political entities, and is specifically characterized by either a lower credit rating (A3/A+ or inferior) or an unrated status. On the final calendar day of each month, the index undergoes a process of rebalancing and reconstitution.

What is the expense ratio of HYMB?

State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is HYMB's dividend yield?

HYMB's trailing-twelve-month yield is 4.72%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HYMB?

Effective duration measures HYMB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HYMB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HYMB?

HYMB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of HYMB?

Yield to maturity (YTM) is the total return you'd earn from HYMB if every bond in the portfolio is held to maturity at the current price. HYMB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.