SPDR Nuveen ICE High Yield Municipal Bond ETF

HYMB

Market cap $2.73B

Overview Fund Activity

24.87 USD

-0.05

0.2%

At close Updated Sep 12, 4:00 PM EDT

Pre-market

After hours

24.83

-0.04

0.16%

1 day

-0.2%

5 days

1.47%

1 month

2.47%

3 months

0.69%

6 months

-2.47%

Year to date

-2.93%

1 year

-4.97%

5 years

-12.58%

10 years

-10.86%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

13% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 40

0.86% more ownership

Funds ownership: 76.08% [Q1] → 76.94% (+0.86%) [Q2]

1% more funds holding

Funds holding: 383 [Q1] → 386 (+3) [Q2]

5% less capital invested

Capital invested by funds: $2.13B [Q1] → $2.03B (-$97.2M) [Q2]

5% less repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 146

33% less funds holding in top 10

Funds holding in top 10: 6 [Q1] → 4 (-2) [Q2]

See Fund Rankings

Financial journalist opinion

HYMB: Prefer Duration Without High-Yield Complication

HYMB offers a high yield but exposes investors to significant credit and transmitting duration risk, especially with some initial recessionary flashes from the jobs data. Strong Q2 demand for municipal bonds may not persist if recessionary pressures increase. HYMB's sensitivity to credit spreads and baseline rates, combined with a high expense ratio, makes it less appealing than safer Treasury ETFs.

HYMB: Prefer Duration Without High-Yield Complication

Unleveraged Options In The Tax-Exempt Sector

Fund-level leverage is only attractive when carry or capital gains potential is high; current tight spreads and an inverted yield curve make it less appealing. For tax-exempt CEFs, higher yields often come from longer duration, not leverage; unleveraged long-duration funds or ETFs can offer similar or better yields. Investors should not assume more leverage is always better; careful, situation-specific exposure to fund-level leverage is key to balancing risk and return.

Unleveraged Options In The Tax-Exempt Sector

HYMB: Solid High-Yield Muni Bond ETF, Growing, Tax-Advantaged 4.5% Yield

HYMB focuses on high-yield muni bonds. It offers investors a tax-advantaged 4.5% dividend yield and competitive after-tax returns. HYMB is a solid investment opportunity and should be of particular interest to investors in taxable accounts facing higher marginal tax rates.

HYMB: Solid High-Yield Muni Bond ETF, Growing, Tax-Advantaged 4.5% Yield

HYMB: An Interesting Alternative For Tax-Free Income

Muni bonds have recently declined, but HYMB offers a compelling 4.5% tax-free yield, making it an option for parking cash. HYMB's lack of leverage reduces risk, especially if interest rates remain stable, and offers potential for price appreciation alongside monthly tax-free dividends. The ETF's good trading volumes and no-leverage structure make it a safer, more liquid choice compared to leveraged CEFs in the current rate environment.

HYMB: An Interesting Alternative For Tax-Free Income

HYMB: Solid For A High Yield Muni Fund

HYMB aims to replicate the performance of the Bloomberg Municipal Yield Index. HYMB currently has 1,777 holdings, showcasing its extensive diversification. The majority of bonds still have some degree of credit risk, but less so that high yield corporate bond funds.

See News Rankings

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