SPDR® Nuveen Bloomberg Barclays High Yield Municipal Bond ETF HYMB

Important Risk Disclosure

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$55.32

as of Jun 04 2020

Base Currency

USD

Assets Under Management

$1,100.91 M

as of Jun 04 2020

Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.35%


Key Features

Key Features

  • The SPDR® Nuveen Bloomberg Barclays High Yield Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays Municipal Yield Index (the "Index")
  • Seeks to provide an exposure to high yield municipal bonds issued by U.S. states, the District of Columbia, U.S. territories and local governments or agencies
  • Only bonds with total outstanding amounts of $3,000,000 or more qualify for inclusion in the Index
  • Rebalanced on the last business day of the month

About this Benchmark

About this Benchmark

The Bloomberg Barclays Municipal Yield Index (the 'Index') is market value-weighted and designed to measure the performance of U.S. dollar-denominated high-yield municipal bonds issued by U.S. states, the District of Columbia, U.S. territories and local governments or agencies. The Index includes fully tax-exempt investment grade, non-investment grade ('junk') and non-rated bonds, but does not include defaulted securities. The Index consists of bonds that are constituents of the Bloomberg Barclays Municipal High Yield Bond Index and Bloomberg Barclays U.S. Municipal Bond Index as follows: (i) 70% of the Index is represented by the constituents of the Bloomberg Barclays Municipal High Yield Bond Index, the constituents of which are non-rated or rated no higher than Ba1 by Moody's Investors Service, Inc. ('Moody's) or BB+ by Standard & Poor's ('S&P') or Fitch Inc. ('Fitch'); (ii) 20% of the Index is represented by the constituents of the Bloomberg Barclays U.S. Municipal Bond Index that are rated Baa3, Baa2, or Baa1 by Moody's or BBB-, BBB, or BBB+ by S&P or Fitch; and (iii) 10% of the Index is represented by the constituents of the Bloomberg Barclays U.S. Municipal Bond Index that are rated A3, A2, or A1 by Moody's or A-, A, or A+ by S&P or Fitch. Constituents of the Bloomberg Barclays Municipal High Yield Bond Index must have a total amount outstanding of $3 million or more and be issued as part of a transaction of at least $20 million. Constituents of the Bloomberg Barclays U.S. Municipal Bond Index must have a total amount outstanding of $7 million or more and be issued as part of a transaction of at least $75 million. Only fixed-rate coupon bonds (including zero coupon bonds) with a remaining maturity of at least one year and a dated date of January 1, 1991 or later are eligible for inclusion in the Index.


Fund Information as of Jun 04 2020

Fund Information as of Jun 04 2020
Benchmark Inception Date Options Available Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

Base Currency Sub-advisor Investment Manager
Bloomberg Barclays Municipal Yield Index Apr 13 2011 No 0.35% USD Nuveen Asset Management, LLC SSGA Funds Management, Inc.
Benchmark Bloomberg Barclays Municipal Yield Index
Inception Date Apr 13 2011
Options Available No
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.35%
Base Currency USD
Sub-advisor Nuveen Asset Management, LLC
Investment Manager SSGA Funds Management, Inc.
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Monthly
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Jun 04 2020

Listing Information as of Jun 04 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Apr 14 2011 USD HYMB 78464A284 US78464A2841
Exchange NYSE ARCA EXCHANGE
Listing Date Apr 14 2011
Trading Currency USD
Ticker HYMB
CUSIP 78464A284
ISIN US78464A2841

Fund Characteristics as of Jun 04 2020

Fund Characteristics as of Jun 04 2020
Number of Holdings Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

Average Price Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

1,542 4.74% 15.96 $99.29 4.35% 4.73% 7.38 years
Number of Holdings 1,542
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

4.74%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

15.96
Average Price $99.29
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

4.35%
Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

4.73%
Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

7.38 years
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

Subject to AMT
4.86% -
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

4.86%
Subject to AMT -

Index Characteristics as of Jun 04 2020

Index Characteristics as of Jun 04 2020
Number of Holdings Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration Real Adjusted Duration
20,060 15.33 $106.22 4.54% 4.71% 9.34 years -
Number of Holdings 20,060
Average Maturity in Years 15.33
Average Price $106.22
Average Yield To Worst 4.54%
Current Yield 4.71%
Option Adjusted Duration 9.34 years
Real Adjusted Duration -
Yield to Maturity
4.92%
Yield to Maturity 4.92%

Yields as of Jun 03 2020

Yields as of Jun 03 2020
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

Taxable Equivalent Yield

Taxable Equivalent Yield

Return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. Tax equivalent yield is based on the Fund's 30 Day SEC Yield and the highest marginal federal income tax rate.

4.20% 4.20% 4.06% 7.09%
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

4.20%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

4.20%
Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

4.06%
Taxable Equivalent Yield

Taxable Equivalent Yield

Return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. Tax equivalent yield is based on the Fund's 30 Day SEC Yield and the highest marginal federal income tax rate.

7.09%

Fund Market Price as of Jun 04 2020

Fund Market Price as of Jun 04 2020
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given a given security.

Closing Price

Closing Price

Market Price of last reported trade on the exchange.

Day High Day Low Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

$54.96 $54.97 $54.99 $54.78 30,048 -0.65%
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given a given security.

$54.96
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$54.97
Day High $54.99
Day Low $54.78
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

30,048
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

-0.65%

Premium Discount to Nav

Quarter
    x axis: # of days
    y axis: # Premium/Discount percentage
    Fund Data

    The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


    Fund Net Cash Amount as of Jun 04 2020

    Fund Net Cash Amount as of Jun 04 2020
    Net Cash Amount
    $15,841,461.40
    Net Cash Amount $15,841,461.40

    Fund Net Asset Value as of Jun 04 2020

    Fund Net Asset Value as of Jun 04 2020
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    Shares Outstanding Assets Under Management
    $55.32 19.90 M $1,100.91 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $55.32
    Shares Outstanding 19.90 M
    Assets Under Management $1,100.91 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Apr 13 2011

    as of Apr 30 2020

    as of Mar 31 2020

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 13 2011
    Fund Before Tax
    NAV Apr 30 2020 -3.06% -3.06% -9.54% -4.35% 1.37% 2.40% - 5.18%
    Market Value Apr 30 2020 -3.26% -3.26% -9.55% -4.51% 1.49% 2.46% - 5.17%
    Bloomberg Barclays Municipal Yield Index Apr 30 2020 -3.23% -3.23% -8.92% -2.21% 3.09% 3.90% - 5.94%
    Fund After Tax
    Return after Taxes on Distributions Apr 30 2020 -3.19% -3.19% -9.88% -4.75% 1.20% 2.29% - 5.10%
    Return after Taxes on Distributions and Sale of Fund Shares Apr 30 2020 -1.81% -1.81% -5.63% -1.35% 1.85% 2.71% - 5.05%
    Bloomberg Barclays Municipal Yield Index Apr 30 2020 -3.23% -3.23% -8.92% -2.21% 3.09% 3.90% - 5.94%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Apr 13 2011
    Fund Before Tax
    NAV Mar 31 2020 -10.49% -6.68% -6.68% -0.90% 2.77% 2.95% - 5.59%
    Market Value Mar 31 2020 -9.54% -6.51% -6.51% -0.74% 2.88% 3.12% - 5.61%
    Bloomberg Barclays Municipal Yield Index Mar 31 2020 -9.88% -5.88% -5.88% 1.10% 4.42% 4.40% - 6.39%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2020 -10.60% -6.91% -6.91% -1.18% 2.65% 2.86% - 5.52%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2020 -6.21% -3.94% -3.94% 0.84% 2.96% 3.14% - 5.38%
    Bloomberg Barclays Municipal Yield Index Mar 31 2020 -9.88% -5.88% -5.88% 1.10% 4.42% 4.40% - 6.39%

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    Prior to 10/01/2019, the Fund sought to track the S&P Municipal Yield Index. Effective 10/01/2019, the Fund seeks to track the Bloomberg Barclays Municipal Yield Index. The inception of the Bloomberg Barclays Municipal Yield Index was 8/7/2019. Performance of the Fund shown in the table prior to 10/01/2019 is therefore based on the Fund's investment strategy to track an index different from the Bloomberg Barclays Municipal Yield Index.

    The Bloomberg Barclays Municipal Yield Index reflects linked performance returns of both the Bloomberg Barclays Municipal Yield Index and S&P Municipal Yield Index. The index returns are reflective of the S&P Municipal Yield Index from fund inception until 10/1/2019 and of the Bloomberg Barclays Municipal Yield Index effective 10/1/2019.

    Gross Expense Ratio: 0.35%


    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Jun 04 2020

    Fund Top Holdings as of Jun 04 2020

    Name Market Value ISIN Weight
    BUCKEYE OH TOBACCO SETTLEMENT 27,274,150.00 US118217CZ97 2.48%
    PUERTO RICO SALES TAX FING COR 25,132,660.00 US74529JPX71 2.28%
    PUERTO RICO SALES TAX FING COR 16,062,549.00 US74529JRH04 1.46%
    PUERTO RICO SALES TAX FING COR 9,347,027.00 US74529JPW98 0.85%
    PUERTO RICO SALES TAX FING COR 7,527,605.00 US74529JQG30 0.68%
    PUERTO RICO SALES TAX FING COR 6,930,279.00 US74529JRJ69 0.63%
    GOLDEN ST TOBACCO SECURITIZATI 6,664,655.00 US38122NPD83 0.61%
    PUERTO RICO SALES TAX FING COR 6,746,196.00 US74529JRL16 0.61%
    CALIFORNIA ST MUNI FIN AUTH SP 6,459,620.00 US13050RAA05 0.59%
    TOBACCO SETTLEMENT FING CORP N 6,521,062.00 US888808HR61 0.59%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Jun 04 2020
    Index Sector Breakdownas of Jun 04 2020

    Fund Sector Breakdown as of Jun 04 2020

    Sector Weight
    Muni Industrial Revenue 24.94%
    Muni Health Care 18.62%
    Muni Special Tax 15.94%
    Muni Transportation 8.96%
    Muni Education 8.47%
    Muni Leasing 6.72%
    Muni Local 6.41%
    Muni State 3.42%
    Muni Water & Sewer 3.11%
    Muni Power 1.65%
    Muni Housing 0.85%
    Not Classified 0.83%
    Muni Solid Waste/Res Recovery 0.08%

    Index Sector Breakdown as of Jun 04 2020

    Sector Weight
    Muni Industrial Revenue 23.60%
    Muni Health Care 19.19%
    Muni Special Tax 15.69%
    Muni Transportation 9.77%
    Muni Education 8.78%
    Muni Leasing 7.16%
    Muni Local 6.84%
    Muni Water & Sewer 3.21%
    Muni State 2.61%
    Muni Housing 1.86%
    Muni Power 1.20%
    Muni Solid Waste/Res Recovery 0.08%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Jun 04 2020
    Index Quality Breakdownas of Jun 04 2020

    Fund Quality Breakdown as of Jun 04 2020

    Name Weight
    Aaa -0.19%
    Aa 0.33%
    A 16.22%
    Baa 21.19%
    Ba 19.10%
    B 4.99%
    Caa 2.43%
    Ca 1.58%
    C 0.14%
    NR 33.42%
    Not Classified 0.78%

    Index Quality Breakdown as of Jun 04 2020

    Name Weight
    A 9.89%
    Baa 19.93%
    Ba 22.27%
    B 4.87%
    Caa 2.13%
    Ca 1.63%
    C 0.12%
    NR 39.14%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Jun 04 2020
    Index Maturity Ladderas of Jun 04 2020

    Fund Maturity Ladder as of Jun 04 2020

    Name Weight
    0- 1 Year -0.40%
    1- 3 Year 1.14%
    3- 5 Year 2.46%
    5- 7 Year 4.88%
    7- 10 Year 9.51%
    10- 15 Year 13.71%
    15- 20 Year 16.05%
    20- 25 Year 18.51%
    25- 30 Year 20.01%
    30+ Year 13.35%
    Not Classified 0.78%

    Index Maturity Ladder as of Jun 04 2020

    Name Weight
    0- 1 Year 0.06%
    1-2 Year 1.68%
    2- 3 Year 2.35%
    3- 5 Year 5.20%
    5- 7 Year 6.18%
    7- 10 Year 8.90%
    Not Classified 75.63%

    Top Ten States

    Top Ten States
    Fund Top Ten Statesas of Jun 04 2020

    Fund Top Ten States as of Jun 04 2020

    Name Weight
    Name Weight
    ILLINOIS-IL 11.13%
    CALIFORNIA-CA 10.90%
    PUERTO RICO-PR 10.46%
    NEW YORK-NY 8.23%
    FLORIDA-FL 7.33%
    NEW JERSEY-NJ 6.42%
    TEXAS-TX 5.03%
    OHIO-OH 4.91%
    PENNSYLVANIA-PA 4.67%
    WISCONSIN-WI 2.60%

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

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    Ordinary brokerage commissions may apply.


    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained herein is that of the SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF.

    State Street Global Advisors Funds Distributors, LLC is the distributor for some registered products on behalf of the advisor. SSGA Funds Management, Inc. has retained Nuveen Asset Management as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with Nuveen Asset Management.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    The Bloomberg Barclays Municipal Yield Index reflects linked performance returns of both the Bloomberg Barclays Municipal Yield Index and S&P Municipal Yield Index. The index returns are reflective of the S&P Municipal Yield Index from fund inception until 10/1/2019 and of the Bloomberg Barclays Municipal Yield Index effective 10/1/2019.

    BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.

    Prior to 10/01/2019, the Bloomberg Barclays Municipal Yield Index was known as the S&P Municipal Yield Index.

    Prior to 10/01/2019, the SPDR® Nuveen Bloomberg Barclays High Yield Municipal Bond ETF was known as the SPDR® Nuveen S&P High Yield Municipal Bond ETF.