SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF company info

What does SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF do?
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF (NYSE:HYMB) focuses on investing primarily in high yield municipal bonds aiming at tax-exempt income. These bonds often involve funding for projects that serve the public interest such as infrastructure, schools, and utilities, indicating the company's commitment to contributing positively to local communities. Through careful selection and management of its portfolio, it seeks not only to provide its investors with attractive, tax-advantaged income but also to support the financing of essential public services and projects across the United States. The objective of SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF is to combine income generation with relative safety, focusing on high yield municipal bonds that meet its rigorous criteria for investment, emphasizing both return and risk management to cater to the needs of income-focused investors.
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF company media
Company Snapshot

Is SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF a public or private company?

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Ownership
Public

How many people does SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF employ?

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Employees
2,301

What sector is SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF in?

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Sector
ETF

Where is the head office for SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF?

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Head Office
Boston, United States

What year was SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF founded?

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Year Founded
2011
What does SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF specialise in?
/Municipal Bond /High Yield /Fixed Income /ETF Investment /Portfolio Diversification /Risk Management

What are the products and/or services of SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF?

Overview of SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF offerings
High-Yield Municipal Bond Exposure: Invests primarily in non-investment grade and unrated municipal bonds, aiming to provide investors with potentially higher tax-exempt yields compared to investment-grade municipal bonds
Tax-Exempt Income: Seeks to generate income for investors that is exempt from federal and potentially state and local taxes, depending on the investor's residency.
Diversification: Holds a basket of municipal bonds across different issuers and sectors, potentially reducing risk compared to holding individual bonds.
Active Management: Employs a team of credit analysts who actively select and manage the underlying bonds within the ETF, aiming to maximize returns while managing risk.
Daily Liquidity: Shares of the ETF are traded on a stock exchange like any other stock, allowing for easy buying and selling throughout the trading day.
Transparency: The ETF's holdings are publicly disclosed, providing investors with information about the underlying municipal bonds they are indirectly invested in.