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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| SPDR Nuveen Barclays Short Term Municipal Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Barclays Managed Money Municipal Short Term Index. |
| Category | Municipals |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Oct 10, 2007 |
| Assets (mns) | $3,451 |
| Currency | USD |
| Expense ratio | 20 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 1025 |
| No of distinct issuers | 370 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 7% /93% |
| Non-standard maturity (callable, etc.) | 8% |
| 0.0% // | 1.0 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.8 % |
| 0.0% // | 0.7 % |
| 0.0% // | 0.6 % |
| 0.0% // | 0.6 % |
| 0.0% // | 0.6 % |
| 0.0% // | 0.6 % |
| 0.0% // | 0.5 % |
| TOTAL | 7.2 % |
|---|
| CALIFORNIA ST FOR PREVIOUS ISSUES ... | 3.1% |
| CALIFORNIA ST | 2.7% |
| PENNSYLVANIA ST | 2.4% |
| NEW YORK ST DORM AUTH ST PERS INCO... | 2.4% |
| NEW YORK N Y | 2.4% |
 |
UNITED STATES | 99.0 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 0.7% | 3.3% | 0.9% | 1.2% | 1.8% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.16 | 22% |
| S&P500 | 0.03 | 6% |
| MSCI EAFE | 0.03 | 11% |
| MSCI Emg. Mkts. | 0.02 | 12% |
| Recent close | $47.83 |
| 30d moving avg. | $47.69 |
| Annualized volatility | 3.2% |
| Short interest (ETF) | 0.4% |
| Relative strength (RSI) | 57 |
| Avg. volume (thou.) | 219 |
| Avg. daily value traded (mns) | $10 |
| Turnover | 0.3% |
| Bid/Ask (% of price) | 0.03 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SHM | 2.8 yrs | Category Avg.* |
7.8 yrs |
| SHM | 2.8% | Category Avg.* |
7.7% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 5.03% | -0.7% | $47.48 |
| +200 bp | 4.03% | -2.2% | $46.78 |
| +150 bp | 3.53% | -2.3% | $46.74 |
| +100 bp | 3.03% | -2.0% | $46.90 |
| +75 bp | 2.78% | -1.6% | $47.05 |
| +50 bp | 2.53% | -1.2% | $47.26 |
| +25 bp | 2.28% | -0.6% | $47.52 |
| 0 bp | 2.03% | 0% | $47.83 |
| -25 bp | 1.78% | 0.8% | $48.19 |
| -50 bp | 1.53% | 1.6% | $48.60 |
| -75 bp | 1.28% | 2.6% | $49.07 |
| -100 bp | 1.03% | 3.7% | $49.58 |
| -150 bp | 0.53% | 6.1% | $50.76 |
| -200 bp | 0.03% | 9.0% | $52.14 |
| -300 bp | -0.97% | 16.1% | $55.53 |
*Fund Category: MUNICIPALS
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
203 | bp |
| Less: Annual "default factor" |
4 | bp |
| Less: Expense ratio | 20 | bp |
| Equals: ALTAR Score | 1.79 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.9% |
| Corporate | 3.8% |
| Emerging Market | 5.2% |
| Government | 7.1% |
| Inflation Protected | 2.2% |
| Mortgage | 4.6% |
| Municipals | 3.2% |
| *Note: The State Street SPDR Nuveen ICE Short Term Municipal Bond ETF is classified as a Municipals fund. | |