The State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) is a $2.98 billion fund seeking to replicate the ICE US Select High Yield Crossover Municipal Index. HYMB focuses on lower-rated and unrated U.S. dollar-denominated tax-exempt municipal debt. With an expense ratio of 0.35%, it offers exposure to a specific segment of the fixed income market, differentiating itself through its high-yield municipal bond focus. Past performance does not guarantee future results.
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) ETF — Price, Holdings & Analysis
The State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) is a $2.98 billion fund seeking to replicate the ICE US Select High Yield Crossover Municipal Index. HYMB focuses on lower-rated and unrated U.S. dollar-denominated tax-exempt municipal debt. With an expense ratio of 0.35%, it offers exposure to a specific segment of the fixed income market, differentiating itself through its high-yield municipal bond focus. Past performance does not guarantee future results.
ETF Overview
The State Street SPDR Nuveen ICE High Yield Municipal Bond ETF 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 IndexThe Index is market capitalization-weighted and designed to measure the performance of lower-rated (A3/A+ or lower) and unrated U.S. dollar-denominated tax-exempt debt publicly issued in the U.S. domestic market by U.S. states, U.S. territories and their political subdivisionsThe Index is rebalanced and reconstituted on the last calendar day of each month
HYMB aims to mirror the performance of the ICE US Select High Yield Crossover Municipal Index, investing in U.S. dollar-denominated, tax-exempt municipal debt with lower credit ratings (A3/A+ or lower) or no rating. This ETF provides targeted exposure to the high-yield segment of the municipal bond market. The fund's strategy centers on capturing the yield potential of municipal bonds that carry higher credit risk. The fund is heavily concentrated in the Utilities sector, with a 100% allocation. HYMB's investment approach makes it suitable for investors seeking higher yields within the fixed income space and who are comfortable with the risks associated with lower-rated municipal bonds. The index is rebalanced monthly.
Risk Metrics
HYMB carries several risks inherent in its investment strategy. Its focus on high-yield municipal bonds means it is exposed to greater credit risk compared to ETFs holding investment-grade bonds. The fund's beta of 1.08 indicates that it has similar volatility to the market. The concentration in the Utilities sector (100%) exposes the fund to sector-specific risks. The expense ratio of 0.35% will create a slight drag on performance over time. Investors should carefully consider their risk tolerance and investment objectives before investing in HYMB. Past performance does not guarantee future results.
Expense Ratio
0.35%
Sector Allocation
Utilities: 100.0%
Other: 100.0%
Dividend Yield
0.00%
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Risk Metrics
Beta: 1.08
Questions & Answers
What is HYMB and what does it track?
The State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) is an ETF that seeks to replicate the performance of the ICE US Select High Yield Crossover Municipal Index. This index tracks the performance of lower-rated (A3/A+ or lower) and unrated U.S. dollar-denominated tax-exempt debt issued by U.S. states, territories, and their political subdivisions. HYMB provides investors with exposure to the high-yield segment of the municipal bond market, offering a potential source of higher income compared to investment-grade municipal bonds. As of 2026-03-15, HYMB has $2.98 billion in assets under management.
What is the expense ratio for HYMB?
The expense ratio for HYMB is 0.35%. This means that for every $10,000 invested in the fund, $35 is deducted annually to cover the fund's operating expenses. While 0.35% is not extremely high, it's important to consider this cost when evaluating the fund's potential returns. The category average expense ratio for similar fixed income ETFs is approximately 0.44%, making HYMB relatively less expensive than some of its peers.
What are the top holdings in HYMB?
As HYMB tracks a broad index of municipal bonds, it holds a large number of securities. While a complete list of holdings is extensive, the fund's investments are primarily in municipal bonds across various issuers. The fund's sector allocation is 100% in Utilities. The fund holds 1828 individual bonds. Due to the nature of the index, specific top holdings can vary as the index is rebalanced monthly.
Is HYMB a good long-term investment?
Whether HYMB is a suitable long-term investment depends on an investor's individual circumstances, risk tolerance, and investment objectives. HYMB offers exposure to the high-yield municipal bond market, which can provide potentially higher income but also carries greater credit risk. The fund's expense ratio of 0.35% should be factored into long-term return expectations. Investors should carefully consider the fund's sector concentration (100% in Utilities) and overall risk profile before making a long-term investment decision. Past performance does not guarantee future results.
How does HYMB compare to similar ETFs?
HYMB distinguishes itself through its focus on high-yield municipal bonds, targeting lower-rated and unrated debt within the municipal market. While other municipal bond ETFs may exist, HYMB's specific index-tracking approach and credit quality focus differentiate it. With $2.98 billion in AUM, it is a sizable fund in this segment. Its expense ratio of 0.35% is competitive within the category. Investors should compare HYMB's index methodology, credit quality focus, and expense ratio against other municipal bond ETFs to determine the best fit for their portfolios.
Does HYMB pay dividends?
According to the latest available data, HYMB's dividend yield is 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders. Investors seeking current income from their investments may need to consider other ETFs with a history of dividend payments. It is important to check the fund's official website or fund documents for the most up-to-date information on dividend distributions.