Share-split context: A forward split was recorded on Jan 12, 2023 with coefficient 2. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

What this ETF is trying to do

The STATE STREET(R) SPDR NUVEEN ICE HIGH YIELD MUNICIPAL BOND ETF (HYMB) is an exchange-traded fund. It focuses on high-yield municipal bonds. These are typically loans made to local governments or agencies that offer higher interest rates than standard municipal bonds.

What the numbers show

As of October 7, 2026, the share price is $23.23. Because this ETF has a history of share splits, we look at split-adjusted returns to see how it has performed.

• Year-to-Date (YTD): The price return is -6.86%, while the total return is -3.59%.

• One Year: The price return is -6.82%, while the total return is -2.44%.

• Three Year: The price return is -0.90%, while the total return is 13.24%.

• Five Year: The total return is -4.15%.

It is important to note that "price return" only measures the change in the share price. "Total return" is a different measure that includes the distributions paid out to investors.

Income and distribution explanation

This ETF usually pays distributions monthly. Over the last 12 months, it has made 12 payouts totaling $1.14 per share. This results in a distribution yield of approximately 4.93%.

For new investors, it is important to remember that a high distribution yield alone can be misleading. A fund can pay out cash while the share price is falling.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets declines over time. StockValueFinder uses an erosion-risk score to measure this. HYMB has an erosion score of 75, which is labeled as "Mild price erosion." This is a measurement of risk rather than proof that the fund's value has collapsed.

Share Split History

This ETF has had one forward split on January 12, 2023, with a coefficient of 2. In a forward split, each old share becomes multiple new shares, and the price per share falls proportionally. This change does not create a gain or a loss for the investor; it simply changes the number of shares owned and the price per share.

Pros

• Provides regular monthly cash distributions.

• The three-year total return is positive at 13.24%.

Cons

• The share price has declined over the last year (price return of -6.82%).

• It has a "mild" erosion-risk score.

Beginner takeaway

HYMB provides monthly income, but its share price has struggled recently. When looking at this ETF, it is important to distinguish between the price return (the share price movement) and the total return (which includes the cash paid out). Income investors generally care about principal stability, meaning they want the share price to remain steady while they collect distributions.