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MBND - SPDR Nuveen Municipal Bond ETF

Stock Price: $30.11 USD 0.00 (0.00%)
Updated Apr 20, 2021 4:00 PM EDT - Market closed
Assets $45.12M
NAV $30.08
Expense Ratio 0.40%
PE Ratio n/a
Beta (5Y) n/a
Dividend (ttm) $0.02
Dividend Yield 0.06%
Ex-Dividend Date Apr 1, 2021
1-Year Return -
Trading Day April 20
Last Price $30.11
Previous Close $30.11
Change ($) 0.00
Change (%) 0.00%
Day's Open 30.13
Day's Range 30.11 - 30.13
Day's Volume 308
52-Week Range 29.50 - 30.18

Fund Description

The investment seeks to provide current income that is exempt from regular federal income taxes; capital appreciation is a secondary objective when consistent with the fund's primary objective. Normally, the fund invests at least 80% of its net assets in municipal bonds that pay income that is exempt from regular federal income tax. Its investment portfolio will consist primarily of municipal bonds rated A3/A-/A- or higher by an independent rating agency; however the fund may invest in municipal bonds of any credit quality, including up to 20% of its net assets in low- to medium-quality bonds rated Baa1/BBB+/BBB+ or lower. The fund is non-diversified.

Asset Class
Fixed Income
Inception Date
Feb 3, 2021
Exchange
BATS
Ticker Symbol
MBND
Index Tracked
Bloomberg Barclays 3-15 Year Blend (2-17) Municipal Bond Index

Top 10 Holdings

38.61% of assets
NameSymbolWeight
State Street Instl US Govt MMkt Premiern/a14.31%
WASHINGTON ST 5%n/a2.77%
ENERGY NORTHWEST WASH ELEC REV 5%n/a2.76%
FLORIDA ST BRD ED PUB ED 5%n/a2.75%
UNIVERSITY WASH UNIV REVS 5%n/a2.74%
METROPOLITAN COUNCIL MINN MINNEAPOLIS-ST PAUL MET AREA 5%n/a2.73%
GEORGIA ST 5%n/a2.70%
NEW JERSEY ECONOMIC DEV AUTH REV 5%n/a2.64%
KNOXVILLE TENN WASTE WTR SYS REV 4%n/a2.63%
FORT BEND TEX INDPT SCH DIST 5%n/a2.59%
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News

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Municipal bonds remain a pivotal part of long-term, retirement-oriented portfolios, but with yields in the asset class low, investors may want to consider adding active management to the mix with the ne...

2 months ago - ETF Trends

The new fund targets the municipal bond space and leverages Nuveen's expertise.

2 months ago - ETFcom