HYMB ETF — 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.
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
How Is the Fund Allocated?
| Sector | Weight |
|---|---|
| Utilities | 100.0% |
| Country | Weight |
|---|---|
| Other | 100.0% |
Dividend Yield
- JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
- IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
- Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
- Bluemonte Long Term Bond ETF (BLTD) — 0.23% expense ratio
- Academy Veteran Impact ETF (VETZ) — 0.35% expense ratio
- Brookstone Intermediate Bond ETF (BAMB) — 1.04% expense ratio
- Putnam ESG High Yield ETF (PHYD) — 0.57% expense ratio
- iShares iBonds Oct 2028 Term TIPS ETF (IBIE) — 0.10% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Equity) — 0.16% expense ratio
- State Street SPDR S&P 500 ETF (SPY) (Equity) — 0.09% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) (Equity) — 0.08% expense ratio
- State Street Technology Select Sector SPDR ETF (XLK) (Equity) — 0.08% expense ratio
- State Street Financial Select Sector SPDR ETF (XLF) (Equity) — 0.08% expense ratio
- State Street SPDR Global Dow ETF (DGT) (Equity) — 0.50% expense ratio
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.
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.
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.
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.