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SHM ETF · SPDR Nuveen Bloomberg Short Term Municipal Bond ETF
The SHM Exchange Traded Fund (ETF) is provided by SPDR. It is built to track an index: Bloomberg Managed Money Municipal Short Term Index. The SHM ETF provides physical exposure, so by buying it you actually own parts of all the 971 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofMunicipal Bonds1M perf.-0.58%
Last price
$48.16
1M perf.
-0.28%
1M flows
N/A
AuM
€3.04B
E/R
0.2%
Rating
ESG Consensus®
SHM
$48.16
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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SHM
$48.14
+1.00%
Municipal Bonds
+0.89%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.28%  | +1.00% | +3.59%  | +8.69%  | +4.63% | -0.43% | +0.79% | +0.79% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/12/2026
$48.11
1D NAV change
-0.08%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
971
Inception date
10/10/2007
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
Bloomberg Managed Money Municipal Short Term Index
Asset class
Factors
N/A
Investment strategy
The SPDR® Nuveen Bloomberg Barclays Short Term Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays Managed Money Municipal Short Term Index (the "Index"). Seeks to provide exposure to the publicly traded municipal bonds that cover the U.S. dollar denominated short term tax exempt bond market, including state and local general obligation bonds, revenue bonds, pre-refunded bonds, and insured bonds.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.00% | +3.59% | +8.69% | +4.63% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
99.97%
Sectors
Municipal
18.87%
Unavailable
81.13%
Diversification
Total weight of top 15 holdings out of 971
Top 15 holdings
Data as of January 31, 2026
US84136HCT86
US64966QM311
California Public Works Board, 5% 1oct2027, USD
US64990KGA51
US13063ELG97
US64971XTD02
Triborough Bridge and Tunnel Authority, 4% 15may2027, USD (2022B)
California, 5% 1sep2028, USD
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US13063EAW66
US91412HTD51
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
US010268DX53
US64966SBP02
New Jersey Educational Facilities Authority, 5% 1mar2027, USD
US574204W906
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about SHM ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
SHM’s has a Final Sustainability Grade of either A+, A, or A-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
100.03% of holdings have positive scoring
100.03%
Consensus levels
Strong
Medium
Weak
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Bloomberg Managed Money Municipal Short Term Total Return Index - USD
Index ticker
LMM1TR Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
SPDR
SPDR ID Card
Number of funds
369
Total AuM
€1.75T
Expense ratio range
0.02% - 0.9%
Average expense ratio
0.2585%
Top 5 funds by SPDR
| AuM | ||
|---|---|---|
SPY | SPDR S&P 500 ETF Trust | €578.12B |
GLD | SPDR Gold Shares ETF | €155.9B |
SPYM | State Street SPDR Portfolio S&P 500 ETF | €91.09B |
XLK | State Street Technology Select Sector SPDR ETF | €75.8B |
XLF | State Street Financial Select Sector SPDR ETF | €39.54B |
Frequently asked questions about SHM
What does SPDR Nuveen Bloomberg Short Term Municipal Bond ETF, SHM, invest in?
SHM is a Passive ETF. This ETF provides exposure to US Investment Grade Municipal Bonds.
Which benchmark or index does SHM replicate?
SHM tracks the Bloomberg Managed Money Municipal Short Term Total Return Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of SHM?
SHM carries a total expense ratio (TER) of 0.2%, indicating the annual cost for holding the fund.
When was SHM launched?
SHM was introduced to the market on October 10, 2007. It trades on United States
Who is the ETF issuer of SHM?
SPDR Nuveen Bloomberg Short Term Municipal Bond ETF, SHM, is provided by SPDR. Learn more about SPDR here.
What is the current assets under management (AUM) of SHM?
SHM oversees €3.04B in assets as of March 12, 2026.
How has SHM performed lately?
Based on data from March 12, 2026, SHM returned -0.28% over the past month, 1.00% over the last three months and 0.79% year-to-date.
What are the latest inflows or outflows for SHM?
As of March 12, 2026, SHM recorded net flows of -€25M year-to-date.
Does SHM distribute dividends?
SHM follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 2.63%.
What are the main country or region exposures of SHM?
As of January 31, 2026, SHM has significant geographic allocations in USA.
In which sector or theme does SHM invest in?
As of January 31, 2026, SHM focuses largely on Municipal.
How many securities does SHM hold and how diversified is it?
As of January 31, 2026, SHM holds 971 positions in its portfolio, with 8.09% of assets concentrated in its top 15 holdings.
What are the main positions in SHM?
As of January 31, 2026, SHM top three holdings include US84136HCT86, US64966QM311 and California Public Works Board, 5% 1oct2027, USD.
What is the base currency of SHM?
The base currency of SHM is USD.
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