HYMB - HYMB: Solid For A High Yield Muni Fund
2024-02-14 05:31:12 ET
Summary
- HYMB aims to replicate the performance of the Bloomberg Municipal Yield Index.
- HYMB currently has 1,777 holdings, showcasing its extensive diversification.
- The majority of bonds still have some degree of credit risk, but less so that high yield corporate bond funds.
Looking for high yield but considered about default risk in corporate bonds? The SPDR® Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) may be the fund for you. I've talked (admittedly) endlessly about the lagged effects of monetary policy causing a credit event at some point, and still believe it's a distinct possibility in the future. A credit event would hurt all bonds, but munis less so. That's why HYMB is worth considering if you're nervous about junk debt but still want high yield potential....
HYMB: Solid For A High Yield Muni Fund