HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF

Seeks to track, before fees and expenses, the S&P Municipal Yield Index. The Index measures the performance of high-yield and investment-grade municipal bonds with weights determined by credit rating. All bonds in the index are exempt from U.S. federal income tax, but some are subject to alternative minimum tax (AMT). The bond must have a minimum amount outstanding of US$ 5 million and a minimum term to maturity greater than three years to be eligible for inclusion. Seventy percent (70%) of the market value of the index must be composed of bonds that are either non-rated or that have a rating no higher than BB+ by Standard & Poor’s, Ba1 by Moody’s, or BB+ by Fitch. Twenty percent (20%) of the market value of the index must be composed of bonds that are rated between BBB- and BBB+ , Baa3 and Baa1, or BBB- and BBB+ Standard & Poor’s, Moody’s, or Fitch, respectively. One-tenth (10%) of the market value of the index must be composed of bonds that are rated between A- and A+, A3 and A1, or A- and A+ by Standard & Poor’s, Moody’s or Fitch, respectively.

$24.72  +0.09 (0.37%)
As of 03/23/2023 16:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     State Street (SPDRs)
Category1:  US Fixed Income
Category2:  Municipal bonds
Category3:  High yield
Morningstar category:  High Yield Muni
Leverage factor:  1.00
Inception date:  04/13/2011
Index tracking method: Sampling
Current yield:  6.96%
Historical average yield:  4.35%
Market cap:  $1,898,496,000
Average volume:  660,531
Fees:     0.3500%

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Index Information

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S&P Municipal Yield Index
Index symbol:  SPMUHT
Provider:   S&P Dow Jones
Index weighting:   Market capitalization
Index inception date:  09/07/2010
Backtesting data exists:   Yes
Number of holdings:  24,507  (as of 12/19/2018)
Rebalanced:  Monthly
Reconstituted:  Monthly