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    SPDR® Nuveen Bloomberg Barclays Short Term Municipal Bond ETF SHM

    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.

    $49.60

    as of Apr 13 2021

    Base Currency

    USD

    Assets Under Management

    $4,694.44 M

    as of Apr 13 2021

    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.

    0.20%

    Quick Links

    Key Features

    Key Features

    • The SPDR® Nuveen Bloomberg Barclays Short Term 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 Managed Money Municipal Short Term Index (the “Index”)
    • Seeks to provide exposure to the publicly traded municipal bonds that cover the U.S. dollar denominated short term tax exempt bond market, including state and local general obligation bonds, revenue bonds, pre-refunded bonds, and insured bonds
    • The Index excludes bonds subject to Alternative Minimum Tax
    • Rebalanced on the last business day of the month

    About this Benchmark

    About this Benchmark

    The Bloomberg Barclays Managed Money Municipal Short Term Index is a rules-based, market-value weighted index comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds. All bonds in the Short Term Municipal Bond Index must be rated Aa3/AA- or higher by at least two of the following statistical ratings agencies: Moody’s Investor Service, Inc., Standard & Poor’s and Fitch Inc. If only two of the three agencies rate the security, the lower rating is used to determine index eligibility. If only one of the agencies rates the security, the rating must be at least Aa3/AA-. Each index security must have an outstanding par value of at least $7 million and be issued as part of a transaction of at least $75 million. The bonds must be fixed rate and have a nominal maturity of one to five years. No issuer may constitute more than 10% of the Short Term Municipal Bond Index. Bonds subject to AMT, hospital bonds, housing bonds, tobacco bonds, and airline bonds, along with remarketed issues, taxable municipal bonds, floaters, and derivatives are all excluded from the Short Term Municipal Bond Index.

    Fund Information as of Apr 13 2021

    Fund Information as of Apr 13 2021
    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 Managed Money Municipal Short Term Index Oct 10 2007 Yes 0.20% USD Nuveen Asset Management, LLC SSGA Funds Management, Inc.
    Benchmark Bloomberg Barclays Managed Money Municipal Short Term Index
    Inception Date Oct 10 2007
    Options Available Yes
    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.

    		 0.20%
    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 Apr 13 2021

    Listing Information as of Apr 13 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Oct 10 2007 USD SHM 78468R739 US78468R7391
    Exchange NYSE ARCA EXCHANGE
    Listing Date Oct 10 2007
    Trading Currency USD
    Ticker SHM
    CUSIP 78468R739
    ISIN US78468R7391

    Fund Characteristics as of Apr 13 2021

    Fund Characteristics as of Apr 13 2021
    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.
    1,089 4.86% 2.90 $111.27 0.30% 4.22% 2.69 years
    Number of Holdings 1,089
    Average Coupon

    Average Coupon

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

    		 4.86%
    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.

    		 2.90
    Average Price $111.27
    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.

    		 0.30%
    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.

    		 4.22%
    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.

    		 2.69 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.
    0.33%
    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.

    		 0.33%

    Index Characteristics as of Apr 13 2021

    Index Characteristics as of Apr 13 2021
    Number of Holdings Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration Real Adjusted Duration
    3,910 3.02 $113.27 0.30% 4.15% 2.80 years -
    Number of Holdings 3,910
    Average Maturity in Years 3.02
    Average Price $113.27
    Average Yield To Worst 0.30%
    Current Yield 4.15%
    Option Adjusted Duration 2.80 years
    Real Adjusted Duration -
    Yield to Maturity
    0.34%
    Yield to Maturity 0.34%

    Yields as of Apr 12 2021

    Yields as of Apr 12 2021
    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.

    		 Tax 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.
    0.14% - 1.07% 0.24%
    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.

    		 0.14%
    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.

    		 1.07%
    Tax 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.

    		 0.24%

    Fund Market Price as of Apr 13 2021

    Fund Market Price as of Apr 13 2021
    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 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)

    		 30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
    $49.60 $49.63 $49.63 $49.58 23,120 0.02% 0.02%
    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 security.

    		 $49.60
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $49.63
    Day High $49.63
    Day Low $49.58
    Exchange Volume (Shares)

    Exchange Volume (shares)

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

    		 23,120
    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)

    		 0.02%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    		 0.02%

    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)

    Number of Days Summary

    Calendar Year 2020 First Quarter of 2021
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    		 179 51
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    		 74 10
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    Calendar Year 2020 179
    First Quarter of 2021 51
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    Calendar Year 2020 74
    First Quarter of 2021 10
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    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 Apr 13 2021

    Fund Net Cash Amount as of Apr 13 2021
    Net Cash Amount
    $50,715,945.70
    Net Cash Amount $50,715,945.70

    Fund Net Asset Value as of Apr 13 2021

    Fund Net Asset Value as of Apr 13 2021
    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
    $49.60 94.65 M $4,694.44 M
    NAV

    NAV

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

    		 $49.60
    Shares Outstanding 94.65 M
    Assets Under Management $4,694.44 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Oct 10 2007
    Performance
    Month End Quarter End

    as of Mar 31 2021

    as of Mar 31 2021

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Oct 10 2007
    Fund Before Tax
    NAV Mar 31 2021 0.15% -0.31% -0.31% 2.54% 2.46% 1.47% 1.49% 2.11%
    Market Value Mar 31 2021 0.14% -0.30% -0.30% 2.64% 2.49% 1.48% 1.54% 2.11%
    Bloomberg Barclays Managed Money Municipal Short Term Index Mar 31 2021 0.25% -0.19% -0.19% 2.92% 2.74% 1.74% 1.79% 2.49%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 0.11% -0.38% -0.38% 2.45% 2.43% 1.45% 1.48% 2.10%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 0.09% -0.18% -0.18% 1.91% 2.16% 1.38% 1.40% 1.95%
    Bloomberg Barclays Managed Money Municipal Short Term Index Mar 31 2021 0.25% -0.19% -0.19% 2.92% 2.74% 1.74% 1.79% 2.49%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Oct 10 2007
    Fund Before Tax
    NAV Mar 31 2021 0.15% -0.31% -0.31% 2.54% 2.46% 1.47% 1.49% 2.11%
    Market Value Mar 31 2021 0.14% -0.30% -0.30% 2.64% 2.49% 1.48% 1.54% 2.11%
    Bloomberg Barclays Managed Money Municipal Short Term Index Mar 31 2021 0.25% -0.19% -0.19% 2.92% 2.74% 1.74% 1.79% 2.49%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 0.11% -0.38% -0.38% 2.45% 2.43% 1.45% 1.48% 2.10%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 0.09% -0.18% -0.18% 1.91% 2.16% 1.38% 1.40% 1.95%
    Bloomberg Barclays Managed Money Municipal Short Term Index Mar 31 2021 0.25% -0.19% -0.19% 2.92% 2.74% 1.74% 1.79% 2.49%

    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.

    Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

    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.

    Gross Expense Ratio: 0.20%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Apr 13 2021

    Fund Top Holdings as of Apr 13 2021

    Name Market Value ISIN Weight
    CALIFORNIA ST 42,369,889.00 US13063DPR34 0.90%
    MASSACHUSETTS ST 37,486,368.00 US57582P5Q94 0.80%
    NEW YORK ST URBAN DEV CORP REV 36,480,512.00 US650036CQ73 0.78%
    CHINO BASIN CA REGL FING AUTH 36,198,791.00 US169498FR89 0.77%
    CONNECTICUT ST HLTH & EDUCTNL 35,348,849.00 US20774Y3D74 0.75%
    SAN ANTONIO TX WTR REVENUE 35,124,801.00 US79642GCG55 0.75%
    PENNSYLVANIA ST 32,518,073.00 US70914PL424 0.69%
    NEW YORK ST URBAN DEV CORP REV 29,511,332.00 US650036CP90 0.63%
    BAY AREA CA TOLL AUTH TOLL BRI 28,295,310.00 US072024VV17 0.60%
    LOS ANGELES CA UNIF SCH DIST 27,995,534.00 US5446465F58 0.60%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Apr 13 2021
    Index Sector Breakdownas of Apr 13 2021

    Fund Sector Breakdown as of Apr 13 2021

    Sector Weight
    Muni State 27.65%
    Muni Local 27.21%
    Muni Special Tax 14.60%
    Muni Water & Sewer 8.79%
    Muni Education 6.59%
    Muni Leasing 5.99%
    Muni Transportation 5.37%
    Muni Power 3.66%
    Not Classified 0.09%
    Muni Industrial Revenue 0.03%
    Muni Health Care 0.00%

    Index Sector Breakdown as of Apr 13 2021

    Sector Weight
    Muni State 26.78%
    Muni Local 23.44%
    Muni Special Tax 14.05%
    Muni Water & Sewer 9.08%
    Muni Education 7.43%
    Muni Leasing 6.98%
    Muni Transportation 6.95%
    Muni Power 5.00%
    Muni Industrial Revenue 0.27%
    Muni Solid Waste/Res Recovery 0.02%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Apr 13 2021
    Index Quality Breakdownas of Apr 13 2021

    Fund Quality Breakdown as of Apr 13 2021

    Name Weight
    Aaa 31.69%
    Aa 66.83%
    A 1.01%
    Baa 0.00%
    NR 0.47%

    Index Quality Breakdown as of Apr 13 2021

    Name Weight
    Aaa 28.47%
    Aa 71.53%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Apr 13 2021
    Index Maturity Ladderas of Apr 13 2021

    Fund Maturity Ladder as of Apr 13 2021

    Name Weight
    0- 1 Year 3.74%
    1- 3 Year 43.17%
    3- 5 Year 45.50%
    5- 7 Year 2.04%
    10- 15 Year 0.14%
    15- 20 Year 0.64%
    20- 25 Year 2.18%
    25- 30 Year 1.55%
    30+ Year 1.05%

    Index Maturity Ladder as of Apr 13 2021

    Name Weight
    1-2 Year 19.86%
    2- 3 Year 24.48%
    3- 5 Year 53.19%
    Not Classified 2.48%

    Top Ten States

    Top Ten States
    Fund Top Ten Statesas of Apr 13 2021

    Fund Top Ten States as of Apr 13 2021

    Name Weight
    Name Weight
    CALIFORNIA-CA 18.31%
    NEW YORK-NY 15.36%
    TEXAS-TX 11.08%
    MARYLAND-MD 5.84%
    MASSACHUSETTS-MA 4.87%
    WASHINGTON-WA 4.15%
    VIRGINIA-VA 3.30%
    FLORIDA-FL 3.08%
    OHIO-OH 3.02%
    GEORGIA-GA 2.53%
    Fund Documents
    Tax Documents
    Insights & Resources

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    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 Short Term 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.

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