State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (AMEX: SHM) is an exchange-traded fund listed on NYSE Arca, trading at $47.39 (about ₹4,468 a unit) as of 13 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.2% and holds 1,109 securities. Indian residents can buy SHM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$47.38
Today's high
$47.47
52 week low
$46.33
52 week high
$48.48
SHM opened at $47.44, closed previously at $47.42, and has traded between $46.33 and $48.48 over the past 52 weeks.
About
This exchange-traded fund aims to replicate the investment performance, encompassing both price movements and yield generation, of the ICE 1-5 Year AMT-Free Broad Municipal Index, before accounting for any fees or expenses. The underlying index is comprised of a diverse array of municipal debt instruments, including general obligation bonds issued by state and local authorities, revenue bonds, pre-refunded bonds, insured bonds, and municipal lease obligations. Its constituents are weighted based on their market capitalization, and the index is subject to monthly adjustments through rebalancing and reconstitution.
Key statistics
Expense ratio
0.2%
Assets (AUM)
$3.5B
Holdings
1,109
NAV
$47.44
Avg. volume
433.50K
1-year price change
-1.13%
5-year price change
-3.78%
Price change excludes dividends.
Top 10 holdings
SHM holds 1,109 securities in total. These 10 are 4.6% of the fund.
Where the money is invested
Countries
How to buy SHM from India
Indian residents can buy SHM units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in SHM from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search SHM and buy
Find the fund by its ticker, SHM, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your SHM position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying SHM from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the SHM price today?
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF (SHM) last traded at $47.39 on NYSE Arca, as of 13 Nov 2026, 4:00 PM ET. That is ₹4,468 a unit at the 13 Nov 2026 USD/INR rate.
When does SHM trade, in Indian time?
NYSE Arca trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is SHM, and what does it cost to hold?
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF manages about $3.5B. Its expense ratio is 0.2% a year, deducted inside the fund. It launched in 2007.
What are SHM's largest holdings?
The top three are SEEPWR 5.000 10/01/30 (0.7%), NYSGEN 5.000 03/15/29 (0.6%) and CAS 5.000 03/01/29 (0.5%). SHM's 10 largest positions make up 4.6% of the fund.
Does SHM pay dividends?
Yes. SHM is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on SHM taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of SHM?
Yes. You can buy SHM by amount rather than by whole unit, and there is no minimum trade size.
How has SHM performed?
SHM's price is down 1.1% over the past year and down 3.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.