A Daily Network publication
Explore the network
ETF Daily
The Definitive Daily Read on Exchange-Traded Funds
Sunday, August 23, 2026The Morning Brief →Sign in
HYMBSPDR

SPDR Nuveen Bloomberg High Yield Municipal Bond ETF

$24.81-0.08% today
242552-WK

The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index measures the performance of USD-denominated high-yield municipal bonds issued by U.S. states, the District of Columbia, U.S. territories and local governments or agencies.

Price & daily flows
25.224.824.424.81DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$681M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$345M of net buying over the past month, about 10.1% of the fund's asset base, while the price has returned -0.6% so far this year. At 0.35% a year it is not the cheapest way in — LQD runs the same ground at 0.14%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$3.4Bassets under management
0.35%expense ratio · $35 per $10,000 a year
+$345Mnet flow, trailing month
1.8Mavg daily volume, 30 days
1857holdings · US-domiciled
2011listed April 12, 2011 · beta 0.12
The book at a glance
1.4%1.2%0.8%0.6%0.5%0.4%0.4%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.2%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1PRCGEN 4.784 07/01/581.35%
2BUCKEYE OHIO TOB SETTLEMENT FI1.23%
3PUERTO RICO CMWLTH PRC 07/46 FIXED 40.76%
4PUERTO RICO CMWLTH PRC 07/41 FIXED 40.56%
5PUERTO RICO SALES TAX FING COR PRCGEN 07/53 FIXED OID 4.750.54%
6NEW YORK LIBERTY DEV CORP LIBE0.43%
7MPNFAC 4.000 12/15/420.37%
8BBEUTL 5.500 11/01/560.33%
9CHICAGO IL CHI 01/50 FIXED 60.32%
10PUERTO RICO SALES TAX FING COR0.32%
11CHIEDU 5.875 12/01/470.31%
12CHIEDU 6.000 12/01/410.31%
13MATCHING FUND SPL PURPOSE SECU MFCFAC 10/39 FIXED 50.30%
14BERKS CNTY PA MUNI AUTH BERFAC 06/39 FIXED 50.28%
15Golden State Tobacco Securitization Cor0.28%

The full book, free with one sign-in.

Top 15 positions are open to everyone. Sign in once and every fund’s complete holdings — plus CSV export, watchlists, and flow alerts — unlock across the network.

Sign in to see all 1857
Sector weights
Other100%
Utilities100%
Cash & Others100%
Municipal97.7%
Revenue89.78%
General obligation6.25%
Double barrel3.97%
Mutual fund1.85%
Securitized0.45%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.6%
1 month-0.0%
3 months-0.6%
6 months-1.8%
YTD-0.6%
1 year+2.4%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$15M
1 month+$345M
3 months+$520M
YTD+$540M
1 year+$681M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
4%realized volatility, 30 days (annualized)
4%realized volatility, 1 year
-3.5%deepest fall from a peak, 1 year
-2.6%where it sits vs. that peak today

The top holding is 2.2% of the book; the top ten carry 8%. Spread across 250+ names, it behaves like roughly 124 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
1.2Mshares traded
The case against HYMB

Due diligence cuts both ways. These funds sit on the same shelf and beat HYMB on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16B+$288M-32bp on fee · 5× the assets · +$288M in over the monthHead-to-head
MBB iShares MBS ETF0.04%$39B+$26M-31bp on fee · 11× the assets · +$26M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-30bp on fee · 38× the assets · +$547M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-31bp on fee · 7× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-31bp on fee · 5× the assets · +$312M in over the monthHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
Every weekday · 6:30 a.m. ET

The Morning Brief

The private wealth industry in four minutes, every weekday at 6:30 a.m. ET. Free.