SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF company info

What does SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF do?
SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF (NYSE:SHM) focuses primarily on the investment in short-term municipal bonds. This ETF aims to provide income that is exempt from federal income taxes, which makes it an attractive option for tax-conscious investors. Operations center around portfolio management to ensure investments meet strict credit quality and short-term maturity criteria, balancing risk and return effectively. Projects typically involve careful selection of municipal bonds, including general obligation bonds and revenue bonds that finance essential public projects like schools, highways, and utilities. The objective of SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF is to provide investors with a high level of current income that is exempt from regular federal income taxes, along with preservation of capital by investing in a diversified portfolio of short-term, high-quality municipal bonds.
SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF company media
Company Snapshot

Is SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF a public or private company?

key
Ownership
Public

How many people does SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF employ?

people
Employees
2,299

What sector is SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF in?

pie chart
Sector
ETF

Where is the head office for SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF?

location pin
Head Office
Boston, United States

What year was SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF founded?

founded flag
Year Founded
2007
What does SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF specialise in?
/Municipal Bonds /Short Term /Tax-Exempt Income /Investment Management /Fixed Income /Portfolio Diversification

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

Overview of SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF offerings
Track a specific index: SHM tracks the Bloomberg Managed Money Municipal Short Term Index, aiming to replicate its performance. This index focuses on publicly traded short-term municipal bonds issued by U.S. local governments and agencies.
Provide exposure to tax-exempt income: Municipal bonds generally offer tax-exempt interest at the federal level and potentially at the state and local levels depending on the investor's location, which can be a benefit for certain investors seeking tax-advantaged income.
Focus on short-term maturities: The ETF primarily invests in bonds with maturities of less than five years, offering a balance between potential income generation and lower interest rate risk. Bonds with longer maturities are generally more sensitive to fluctuations in interest rates.
Passively managed: The ETF passively follows the index composition, not actively selecting individual bonds. This approach aims to reduce management fees compared to actively managed bond funds.
Seek income and capital appreciation: SHM aims to generate regular income through bond interest payments and may also experience capital appreciation if the price of the underlying bonds increases over time.