Fund Description
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 Money Municipal Short Term Index (the Index ). The Bloomberg 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 Profile
Fund Name SPDR Nuveen Barclays Short Term Municipal Bond ETF
Fund Exchange Ticker SHM
Fund Sponsor State Street (SPDR)
Fund ISIN US78468R7391
Net Expense Ratio 0.20 %
Fund Inception Date 10 October 2007
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name Bloomberg Managed Money Municipal Short Term Index
Index Provider Bloomberg
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality Investment Grade Only
Average Maturity Short (1-3 years)
Bond Currency Denomination USD
Key Statistics
Return As of Date 23 June 2022
Asset Under Management 4771.33 Million (USD)
1 Month Total Return 0.06 %
Year To Date Return -4.01 %
1 Year Total Return -4.22 %
3 Year Annualized Total Return -0.22 %
NAV 47.1238
Share Outstanding 101,251,000
Top 10 Holdings (24 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
ORATRN 5.000 10/15/24 BOND 0.0168000000
NYCUTL 5.000 06/15/26 BOND 0.0108000000
CAS 5.000 10/01/26 BOND 0.0095000000
CAS 4.000 10/01/24 BOND 0.0082000000
CHBGEN 4.000 11/01/25 BOND 0.0077000000
NYSDEV 5.000 03/15/26 BOND 0.0069000000
NYSHGR 5.000 03/15/27 BOND 0.0065000000
SANWTR 2.625 05/01/49 BOND 0.0062000000
NMSGEN 5.000 07/01/27 BOND 0.0059000000
CASFAC 5.000 02/01/26 BOND 0.0058000000