---
ticker: "SHM"
name: "State Street SPDR Nuveen ICE Short Term Municipal Bond ETF"
url: "https://etf.net/etf/SHM"
grade: "A"
score: 74
graded_at: "2026-10-12"
category: "Short-Duration Municipal Bonds"
category_rank: "6 of 28"
methodology: "https://etf.net/methodology"
---

# SHM: State Street SPDR Nuveen ICE Short Term Municipal Bond ETF

Grade **A**, Score 74 of 100. Rank 6 of 28 in Short-Duration Municipal Bonds.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 63 | 10 of 28 |
| Mission | 100 | 1 of 27 |
| Risk | 40 | 21 of 27 |
| Tradability | 85 | 2 of 28 |
| Holdings | 78 | 5 of 28 |
| Durability | 90 | 2 of 28 |

## Top holdings

The fund holds 1107 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Seepwr 5.000 10/01/30 | 0.88% |
| 2 | — | Nysgen 5.000 03/15/29 | 0.60% |
| 3 | — | Cas 5.000 03/01/29 | 0.51% |
| 4 | — | Cas 5.000 09/01/28 | 0.48% |
| 5 | — | Cas 5.000 09/01/28 | 0.45% |
| 6 | — | Unvhgr 5.000 05/15/27 | 0.41% |
| 7 | — | Trbtrn 5.000 11/15/28 | 0.40% |
| 8 | — | Nyc 5.000 09/01/27 | 0.39% |
| 9 | — | Nyc 5.000 08/01/31 | 0.38% |
| 10 | — | Flstrn 5.000 07/01/28 | 0.36% |
| 11 | — | Mon 5.000 08/01/28 | 0.35% |
| 12 | — | Mdstrn 5.000 10/01/30 | 0.35% |
| 13 | — | Cas 5.000 08/01/31 | 0.34% |
| 14 | — | Ccedev 4.000 05/01/53 | 0.33% |
| 15 | — | Cts 5.000 07/15/27 | 0.32% |
| 16 | — | Kyspwr 5.250 06/01/55 | 0.32% |
| 17 | — | Was 5.000 07/01/30 | 0.31% |
| 18 | — | Cas 5.000 08/01/30 | 0.31% |
| 19 | — | Clascd 5.000 06/15/30 | 0.30% |
| 20 | — | Mns 5.000 08/01/29 | 0.30% |
| 21 | — | Alstrn 5.000 09/01/29 | 0.30% |
| 22 | — | Ils 5.250 09/01/29 | 0.30% |
| 23 | — | Ctsgen 5.000 07/01/28 | 0.30% |
| 24 | — | Pri 5.000 08/01/30 | 0.30% |
| 25 | — | Ils 5.000 09/01/30 | 0.30% |
| 26 | — | Losutl 5.000 07/01/28 | 0.30% |
| 27 | — | Dal 5.000 02/15/28 | 0.30% |
| 28 | — | Ncsgen 5.000 05/01/28 | 0.29% |
| 29 | — | Was 5.000 06/01/28 | 0.29% |
| 30 | — | Nychsg 3.250 11/01/65 | 0.29% |

Source: etf.net, https://etf.net/etf/SHM. Please cite the page URL.