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Upturn AI SWOT - About
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB)
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Upturn Advisory Summary
08/14/2025: HYMB (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 0.39% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.22 | 52 Weeks Range 23.33 - 25.69 | Updated Date 06/29/2025 |
52 Weeks Range 23.33 - 25.69 | Updated Date 06/29/2025 |
Upturn AI SWOT
SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF
ETF Overview
Overview
The SPDRu00ae Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg High Yield Municipal Bond Index. The fund focuses on high-yield, tax-exempt municipal bonds, offering income to investors while maintaining exposure to the municipal bond market.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable issuer with a long history in the ETF market.
Management Expertise
SSGA has a team of experienced investment professionals managing its fixed-income ETFs.
Investment Objective
Goal
The ETF aims to replicate the performance, before fees and expenses, of the Bloomberg High Yield Municipal Bond Index.
Investment Approach and Strategy
Strategy: The ETF employs a replication strategy, attempting to hold all the securities in the Bloomberg High Yield Municipal Bond Index in proportion to their weighting in the index.
Composition The ETF primarily holds high-yield municipal bonds, focusing on lower-rated or unrated municipal debt.
Market Position
Market Share: HYMB's market share varies depending on the specific segment of the high-yield municipal bond ETF market.
Total Net Assets (AUM): 156500000
Competitors
Key Competitors
- VanEck High Yield Muni ETF (HYD)
- Invesco High Yield Municipal Bond ETF (HYMB)
Competitive Landscape
The high-yield municipal bond ETF market is moderately competitive. HYMB competes primarily on tracking error, expense ratio, and liquidity. Competitors like HYD and Invesco offer similar exposure, but HYMB is highly rated for investor return.
Financial Performance
Historical Performance: Historical performance can be found on various financial websites by looking up the HYMB ticker. Data is subject to change.
Benchmark Comparison: HYMB's performance should be compared to the Bloomberg High Yield Municipal Bond Index to assess tracking accuracy.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
The average trading volume indicates the liquidity of the ETF, with higher volumes generally suggesting better liquidity.
Bid-Ask Spread
The bid-ask spread represents the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept; tighter spreads suggest greater liquidity and lower trading costs.
Market Dynamics
Market Environment Factors
Economic growth, interest rate movements, and municipal bond market conditions can affect HYMB's performance.
Growth Trajectory
Growth trends are dependent on municipal bond market dynamics and interest rate movements.
Moat and Competitive Advantages
Competitive Edge
HYMB offers exposure to a diversified portfolio of high-yield municipal bonds, potentially providing higher income than investment-grade municipal bonds. SSGA's reputation and scale contribute to efficient management. The ETF's relatively low expense ratio can be an advantage. It focuses specifically on the high yield portion of municipal bonds. The fund benefits from the tax-exempt status of municipal bonds.
Risk Analysis
Volatility
HYMB's volatility is expected to be higher than investment-grade municipal bond ETFs due to the riskier nature of high-yield debt.
Market Risk
Specific risks include credit risk (risk of default by the issuer), interest rate risk (bond prices fall when interest rates rise), and liquidity risk.
Investor Profile
Ideal Investor Profile
The ideal investor is seeking tax-exempt income and is willing to accept higher credit risk for potentially higher yields. Investors should have a moderate to high-risk tolerance.
Market Risk
HYMB is suitable for long-term investors seeking income and diversification within their fixed-income portfolio.
Summary
The SPDRu00ae Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) provides exposure to the high-yield municipal bond market, offering tax-exempt income potential. It is managed by SSGA and tracks the Bloomberg High Yield Municipal Bond Index. The ETF carries a higher risk profile due to the nature of its holdings. It's suited for investors seeking higher yields and willing to accept elevated credit risk within their fixed-income allocation.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA)
- Bloomberg
- Various Financial Websites
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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 market capitalization-weighted and designed to measure the performance of lower-rated (A3/A+ or lower) and unrated U.S. dollar-denominated tax-exempt debt.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.