MBND - SPDR Nuveen Municipal Bond ETF
| 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| Name | Symbol | Weight |
|---|---|---|
| State Street Instl US Govt MMkt Premier | n/a | 14.31% |
| WASHINGTON ST 5% | n/a | 2.77% |
| ENERGY NORTHWEST WASH ELEC REV 5% | n/a | 2.76% |
| FLORIDA ST BRD ED PUB ED 5% | n/a | 2.75% |
| UNIVERSITY WASH UNIV REVS 5% | n/a | 2.74% |
| METROPOLITAN COUNCIL MINN MINNEAPOLIS-ST PAUL MET AREA 5% | n/a | 2.73% |
| GEORGIA ST 5% | n/a | 2.70% |
| NEW JERSEY ECONOMIC DEV AUTH REV 5% | n/a | 2.64% |
| KNOXVILLE TENN WASTE WTR SYS REV 4% | n/a | 2.63% |
| FORT BEND TEX INDPT SCH DIST 5% | n/a | 2.59% |
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...
The new fund targets the municipal bond space and leverages Nuveen's expertise.