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SHM ETF Profile


Family: State Street (SPDR)
Name: SPDR Nuveen Bloomberg Short Term Municipal Bond ETF
Inception Date: 10-Oct-2007
Termination Date:
Investment Objective: The 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 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 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. 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 Index.
Prospectus
Top 10 Holdings
Top 10 Holdings Weight:
Number of Holdings:
Shares Outstanding: 73,551,082
Total Net Assets: 3,502,502,000
NAV: 47.62
Net Expense Ratio: 0.20%
Asset Class: Bonds
Developed or Emerging: Developed Market Funds
Country: US
Region:
Strategy:
Currency:
Commodity:
Sector:
Industry:
Dividend Type:
Tax Exempt State: Municipal - National
Maturity Duration: Short (1-3 years)
Market Cap:
Credit Quality: Investment Grade Only
Mortgage Bond Types:
Bond Type: Municipal
Gov't Bond Types:
Reit Type:
Leverage Direction/Factor:
Is Currency Hedged: No
US or Ex-US: Domestic