State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Apr 14, 2011
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE US Select High Yield Crossover Municipal Index. The fund invests substantially all, but at least 80%, of its total assets in securities comprising the index or in securities that the sub-adviser determines have economic characteristics substantially identical to those comprising the index; this includes high-yield and select investment-grade, fixed-rate, tax-exempt municipal bonds issued by U.S. states, territories, and political subdivisions with remaining maturities of at least one year. It offers exposure to a diversified portfolio of approximately 1,778 holdings, primarily in below-investment-grade municipal bonds used to finance infrastructure, public services, and economic development projects, providing tax-exempt income attractive to high-tax-bracket investors seeking higher yields than traditional investment-grade munis. HYMB was launched on April 13, 2011, and is issued by State Street Global Advisors, a division of State Street Corporation headquartered in Boston, Massachusetts; Nuveen serves as the sub-adviser, leveraging its expertise in municipal bond management. The ETF trades on the NYSE Arca exchange, with assets under management exceeding $2.6 billion, a gross expense ratio of 0.35%, and a trailing twelve-month dividend yield around 4.5-4.6%, paid monthly. It primarily targets U.S. investors, including individuals and institutions, in the high-yield municipal bond segment of the fixed-income market. In recent developments, the ETF underwent a name change from SPDR Nuveen Bloomberg High Yield Municipal Bond ETF to its current name, coinciding with a benchmark index transition from the Bloomberg Municipal Yield Index (or prior S&P Municipal Yield Index) to the ICE US Select High Yield Crossover Municipal Index, effective around June 2025, to broaden exposure and enhance liquidity. This strategic shift aims to better track the U.S. high-yield municipal bond market while maintaining tax-exempt status. No major acquisitions, funding rounds, or new product launches specific to HYMB have been reported in the last 1-2 years, though the fund continues to see inflows amid growing demand for tax-advantaged high-yield strategies.