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SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM)

47.19 -0.03 (-0.05%)
At close: 3:59 PM EDT

ETF Summary

The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to track the publicly traded municipal bonds that cover the U.S. dollar denominated short term tax exempt bond market.

ETF Overview

Category Muni National Short
Fund Family SPDR State Street Global Advisors
Net Assets 3.86B
YTD Daily Total Return -0.80%
Yield 1.26%
Legal Type Exchange Traded Fund

ETF Operations

Attributes SHM Category Average
Annual Report Expense Ratio (net) 0.20% 0.57%
Holdings Turnover 18.00% 60.31%
Total Net Assets 0.00 0.00

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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