Key stats
About SPDR Nuveen Municipal Bond ETF
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Inception date
Feb 3, 2021
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
MBNDs actively managed take is pegged around the Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index (Benchmark Index). The portfolio holds municipal bonds issued by US states, the District of Columbia, US territories like Puerto Rico and local governments and agencies. MBND holds municipal bonds of different credit qualities with 80% allocated to A3/A- or higher and 20% allocated to Baa1/BBB+, including high-yielding bonds. The portfolio selection is rules-based and value-oriented aiming to identify high-yielding, undervalued bonds that has great total return potential. The portfolio limits individual bond weights by more or less 5% as compared to the Benchmark Index and sector weights are over/underweighted by 10%.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.70%
Mutual fund1.00%
Securitized0.30%
Top 10 holdings
Dividends
Dividend payout history