ATLASState Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM): outlook, holdings and fees
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) is an exchange-traded fund and is managed by State Street Investment Management. The expense ratio is 0.21% and the yield is 2.66%. The ten largest holdings are 9% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SHM
| Last price | $47.41 (-0.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 58% |
| Likely 1-month range (50%) | $46.77 – $48.57 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 2.66% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SHM fund facts
| Issuer | State Street Investment Management |
|---|---|
| Theme | Municipal bonds |
| Assets under management | $3.5B |
| Expense ratio | 0.21% |
| Number of holdings | 10 |
| Portfolio turnover | 18% |
| Inception | Oct 10, 2007 |
| Exchange | NYSE |
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 is a rules-based, market-capitalization weighted index engineered for the tax-exempt bond market.
SHM top holdings
| Holding | Sector | Weight |
|---|---|---|
| ORANGE CNTY CALIF TRANSN AUTH REV 5% | – | 1.66% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% | – | 1.09% |
| CALIFORNIA ST 5% | – | 0.95% |
| CALIFORNIA ST 4% | – | 0.78% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | – | 0.73% |
| MASSACHUSETTS ST 1.7% | – | 0.73% |
| CHINO BASIN CALIF REGL FING AUTH REV 4% | – | 0.73% |
| NEW JERSEY ST EDL FACS AUTH REV 5% | – | 0.75% |
| SAN ANTONIO TEX WTR REV 2.62% | – | 0.74% |
| NEW YORK ST URBAN DEV CORP REV 5% | – | 0.71% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SHM returns and risk
| Year to date | -0.6% |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | +2.7% |
| 5 years (annualised) | +0.7% |
| 10 years (annualised) | +1.1% |
| Volatility (3 years) | 2.6% |
| Sharpe ratio (3 years) | -0.73 |
Past returns do not guarantee future results.
SHM: frequently asked questions
What does SHM invest in?
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF invests in a portfolio of securities. Its largest holdings are ORANGE CNTY CALIF TRANSN AUTH REV 5% (1.7%), NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5% (1.1%), CALIFORNIA ST 5% (0.9%), CALIFORNIA ST 4% (0.8%), CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% (0.7%).
What is the SHM expense ratio?
0.21% a year: about $21.00 for every $10,000 invested.
What is the SHM dividend yield?
2.66%. ATLAS does not hold the exact distribution dates for ETFs.
Will SHM go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 58%, with a likely range (50%) of $46.77 to $48.57 from $47.41 today. It is a probability, not a prediction.
How has SHM performed?
Year to date -0.6%, one year 0.0%, three years +2.7% a year, five years +0.7% a year. Past returns do not guarantee future results.
Similar ETFs: Municipal bonds
- State Street Communication Services Select Sector SPDR ETF (XLC)
- VanEck High Yield Muni ETF (HYD)
- Invesco National AMT-Free Municipal Bond ETF (PZA)
- State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB)
- PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
- State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)
- Franklin Dynamic Municipal Bond ETF (FLMI)
- VanEck Intermediate Muni ETF (ITM)
Educational information, not investment advice. Disclaimer