Symbols

MBND

State Street Nuveen Municipal Bond ETF·CBOE

--(--)

Key Stats

Assets Under Management

27.67MUSD

Fund Flows (1Y)

-25.89MUSD

Dividend Yield

3.14%

Discount/Premium to NAV

-0.61%

Shares Outstanding

1.00M

Expense Ratio

0.40%

About State Street Nuveen Municipal Bond ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-nuveen-municipal-bond-etf-mbnd

Inception Date

Feb 3, 2021

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

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)

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%.