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SHM ETF · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
The SHM Exchange Traded Fund (ETF) is provided by State Street Investment Management. It is built to track an index: ICE 1-5 Year AMT-Free Broad Municipal Index. The SHM ETF provides physical exposure, so by buying it you actually own parts of all the 1,031 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.+0.71%
Last price
$47.90
1M perf.
+0.32%
1M flows
+€17M
AuM
€3.04B
TER
0.2%
Rating
SHM
$47.90
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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SHM
$47.88
+0.73%
Municipal Bonds
+1.73%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.32%  | +0.72% | +2.87% | +8.88% | +4.92%  | +0.04% | +0.04% | +1.13% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
CUSIP
78468R739
ISIN
US78468R7391
AuM
€3.04B
TER
0.2%
Replication rating
More details
NAV
7/2/2026
$47.85
1D NAV change
+0.06%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
1031
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
Asset class
Factors
N/A
Investment strategy
The State Street SPDR Nuveen ICE 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 ICE 1-5 Year AMT-Free Broad
Municipal Index
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 | +0.72% | +2.87% | +8.88% | +4.92% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
17.72%
Unavailable
82.28%
Sectors
Municipal
17.72%
Unavailable
82.28%
Diversification
Total weight of top 15 holdings out of 1031
Top 15 holdings
Data as of May 31, 2026
US84136HCT86
California Public Works Board, 5% 1oct2027, USD
US64990KGA51
US13063ELG97
California, 5% 1sep2028, USD
US13063EAW66
US64966QM311
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
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US91412HTD51
US64966SBP02
US343137RQ01
New Jersey Transportation Trust Fund Authority, 5% 15dec2027, USD
US61334PFH10
US574204W906
US13068XGM56
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Issuer
State Street Investment Management
State Street Investment Management ID Card
Number of funds
379
Total AuM
€1.97T
Expense ratio range
0.02% - 0.9%
Average expense ratio
0.2575%
Top 5 funds by State Street Investment Management
| AuM | ||
|---|---|---|
SPY | State Street SPDR S&P 500 ETF Trust | €684.16B |
SPYM | State Street SPDR Portfolio S&P 500 ETF | €135.96B |
GLD | State Street SPDR Gold Shares ETF | €116.24B |
XLK | State Street Technology Select Sector SPDR ETF | €102.78B |
XLF | State Street Financial Select Sector SPDR ETF | €46.76B |
Frequently asked questions about SHM
What does State Street SPDR Nuveen ICE 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 ICE 1-5 Year AMT-Free Broad Municipal 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?
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF, SHM, is provided by State Street Investment Management. Learn more about State Street Investment Management here.
What is the current assets under management (AUM) of SHM?
SHM oversees €3.04B in assets as of July 2, 2026.
How has SHM performed lately?
Based on data from July 2, 2026, SHM returned 0.32% over the past month, 0.72% over the last three months and 1.13% year-to-date.
What are the latest inflows or outflows for SHM?
As of July 2, 2026, SHM recorded net flows of +€17M over the last month and -€29M year-to-date.
Does SHM distribute dividends?
SHM follows a distributing dividend policy, meaning it pays out income to investors. As of July 2, 2026, its 12-month trailing yield was 2.67%.
What are the main country or region exposures of SHM?
As of May 31, 2026, SHM has significant geographic allocations in USA.
In which sector or theme does SHM invest in?
As of May 31, 2026, SHM focuses largely on Municipal.
How many securities does SHM hold and how diversified is it?
As of May 31, 2026, SHM holds 1031 positions in its portfolio, with 7.31% of assets concentrated in its top 15 holdings.
What are the main positions in SHM?
As of May 31, 2026, SHM top three holdings include US84136HCT86, California Public Works Board, 5% 1oct2027, USD and US64990KGA51.
What is the base currency of SHM?
The base currency of SHM is USD.
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