Summary
HYMB Chart
Generate $5,600 per Year in Tax Free Income Paid Monthly With Our Low-Cost Muni ETF Portfolio
One of the few downsides of passive income from stocks and bonds is that the income generated by those investments is subject to federal and state income tax.
HYMB: Solid High-Yield Muni Bond ETF, Above-Average Tax-Advantaged Income
HYMB is a high-yield municipal bond ETF. It focuses on riskier non-investment grade and unrated securities, with sizable investments in quality investment-grade securities. It offers investors a tax-advantaged 4.5% yield. After-tax income should be higher than that of most bonds for investors in the higher tax brackets.
Municipal Bonds: I'm Choosing HYMB Over HYD
State Street® SPDR® Nuveen ICE High Yield Municipal Bond ETF (HYMB) is rated a buy, while VanEck High Yield Muni ETF (HYD) is rated hold. HYMB offers higher yields and better risk-adjusted returns despite a slightly higher expense ratio and increased volatility compared to HYD. Current stabilizing interest rates and resilient municipal fundamentals create a favorable outlook for high-yield municipal bonds.
SPDR Nuveen ICE High Yield Municipal Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 44,666 | $1.13M | $1.13M | -$275.81 | -0.02% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,966 | $48,923.88 | $49,592.35 | $668.47 | 1.37% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 10,204 | $253,080.78 | $257,345.9 | $4,265.12 | 1.69% |
 CliftonLarsonAllen Wealth Advisors CliftonLarsonAllen Wealth Advisors LLC | 1.67M | $42.11M | $42.22M | $109,923.45 | 0.26% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 47,347 | $1.18M | $1.19M | $13,874.41 | 1.18% |
SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) FAQ
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Does it pay dividends? What is the current yield?
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Has SPDR Nuveen ICE High Yield Municipal Bond ETF ever had a stock split?
SPDR Nuveen ICE High Yield Municipal Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The described company operates as an investment fund primarily focused on high-yield municipal bonds in the United States. By channeling at least 80% of its total assets into securities either directly part of, or closely mirroring, the performance of its underlying index, the fund seeks to offer investors access to the economic characteristics of U.S. dollar-denominated, high-yield municipal bonds. These bonds are issued by entities such as U.S. states, the District of Columbia, U.S. territories, and various local governments or agencies, aiming to measure and capture the performance of this specific market segment.
Products and Services
The fund's products and services focus on investment in high-yield municipal bonds with an emphasis on those issued within the United States:
- U.S. Dollar-Denominated High-Yield Municipal Bonds:
This product focuses on investing in high-yield municipal bonds that are denominated in U.S. dollars. These are issued by various governmental entities including states, the District of Columbia, U.S. territories, and local governments or agencies. The fund aims to offer investors exposure to these bonds, which are considered to have higher yields compared to other municipal bonds, reflecting the increased risk associated with them.
- Index-Based Investment Strategy:
The fund employs an investment strategy that involves allocating at least 80% of its assets to securities that are either part of an index or bear economic characteristics substantially identical to those in the index. The chosen index specifically measures the performance of the U.S. dollar-denominated high-yield municipal bond market, allowing the fund to closely mirror its performance. This approach helps in maintaining a diversified and risk-managed portfolio targeting the high-yield segment of the municipal bond market.
