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About SPDR Nuveen Municipal Bond ETF
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Inception date
Feb 3, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
ISIN
US78470P7050
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%
Municipal98.60%
Mutual fund0.83%
Securitized0.58%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MBND invests in bonds. The fund's major sectors are Municipal, with 98.60% stocks, and Securitized, with 0.58% of the basket. The assets are mostly located in the N/A region.
MBND last dividends amounted to 0.08 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 1.37% decrease.
MBND assets under management is 28.79 M USD. It's risen 0.08% over the last month.
MBND fund flows account for −21.76 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MBND pays dividends to its holders with the dividend yield of 3.27%. The last dividend (Oct 6, 2025) amounted to 0.08 USD. The dividends are paid monthly.
MBND shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on Feb 3, 2021, and its management style is Active.
MBND expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
MBND follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MBND invests in bonds.
MBND price has risen by 0.26% over the last month, and its yearly performance shows a −1.78% decrease. See more dynamics on MBND price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.59% increase in three-month performance and has increased by 1.99% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.59% increase in three-month performance and has increased by 1.99% in a year.
MBND trades at a premium (0.49%) meaning the ETF is trading at a higher price than the calculated NAV.