State Street Investment ManagementMuni National ShortSHM · NYSE Arca

State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM)

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Price: $47.31; —11 Sept 2026
Assets: $3.5B; Total net assets
Expense ratio: 0.20%; Category 0.54%
Yield: 2.68%; Trailing distributions

1Y return: 0.3%-1.2%; Category 1.4%
3Y CAGR: 2.7%-0.3%; Category 3.1%
5Y CAGR: 0.8%-0.9%; Category 1.7%

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State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-0.6%	-0.5%	-0.5%	+0.4%	+0.3%	+2.7%	+0.8%	+1.2%	+1.8%
Muni National Short average	-0.4%	-0.1%	0.2%	1.0%	1.4%	3.1%	1.7%	1.5%	2.3%
Difference	-0.2%	-0.4%	-0.7%	-0.6%	-1.2%	-0.3%	-0.9%	-0.3%	-0.5%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA19.2%
AA60.0%
A19.5%
BBB1.4%
BB0.0%
Other0.0%

Asset mix

Bonds98.1%
Cash1.9%

ETF details

Issuer: State Street Investment Management
Category: Fixed Income · Muni National Short
Ticker: SHM
Exchange: NYSE Arca
Inception: 10 Oct 2007 (18.9 years)
Structure: Exchange Traded Fund
Expense ratio: 0.20% (category 0.54%)
Holdings turnover: 31% (category 59%)
Distribution yield: 2.68%
Beta, 3 years: 0.38
Total net assets: $3.5B
Average duration: 4.84 years
Average maturity: 10.49 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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