About SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB)

SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) is an exchange-traded fund that seeks to provide investment results that correspond to the price and yield performance of the Bloomberg Barclays High Yield Municipal Bond Index. The fund is managed by State Street Global Advisors and utilizes a passive investment strategy. HYMB primarily invests in a diversified portfolio of high-yield municipal bonds issued by U.S. local and state governments and their agencies.

The fund's objective is to seek a high level of tax-exempt income. Municipal bonds are debt securities issued by government entities to finance public projects such as schools, hospitals, and infrastructure improvements. High-yield municipal bonds, also known as junk bonds, are issued by lower-rated entities, which typically offer higher yields compared to investment-grade municipal bonds. However, they also carry higher credit risk and may be subject to greater price volatility.