More Results

    Are you sure you want to change languages?

    The page you are visiting uses a different locale than your saved profile. Do you want to change your locale?

    From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Find out more.

    Okay

    SPDR® Nuveen Municipal Bond ETF MBND

    Important Risk Disclosure

    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $29.50

    as of Feb 25 2021

    Base Currency

    USD

    Assets Under Management

    $32.45 M

    as of Feb 25 2021

    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.40%

    Quick Links

    Key Features

    Key Features

    • Seeks to provide broad exposure to municipal bonds that pay income exempt from federal income taxes
    • Employs a systematic, active approach to identify higher-yielding and undervalued municipal bonds with above-average total return
    • Actively managed by Nuveen, a municipal bond manager experienced in identifying opportunities and mitigating risks in municipal bond investing

    About this Benchmark

    About this Benchmark

    The Bloomberg Barclays 3-15 Year Blend (2-17) Municipal Bond Index (the “Index”) is designed to track the U.S. fully tax-exempt bond market. The Index includes state and local general obligation bonds, revenue bonds, pre-refunded bonds, and insured bonds. The Index is comprised of tax-exempt municipal securities issued by states, cities, counties, districts and their respective agencies.

    Fund Information as of Feb 25 2021

    Fund Information as of Feb 25 2021
    Benchmark Inception Date Options Available Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 Net Expense Ratio Base Currency Trustee
    Bloomberg Barclays 3-15 Year Blend Municipal Bond Index Feb 03 2021 No 0.40% 0.40% USD Fund Board of Trustees
    Benchmark Bloomberg Barclays 3-15 Year Blend Municipal Bond Index
    Inception Date Feb 03 2021
    Options Available No
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 0.40%
    Net Expense Ratio 0.40%
    Base Currency USD
    Trustee Fund Board of Trustees
    Custodian Sub-advisor Investment Manager Distributor Distribution Frequency
    State Street Bank and Trust Company Nuveen Asset Management, LLC SSGA Funds Management, Inc. State Street Global Advisors Funds Distributors, LLC Monthly
    Custodian State Street Bank and Trust Company
    Sub-advisor Nuveen Asset Management, LLC
    Investment Manager SSGA Funds Management, Inc.
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Feb 25 2021

    Listing Information as of Feb 25 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    Cboe BZX Exchange, Inc Feb 04 2021 USD MBND 78470P705 US78470P7050
    Exchange Cboe BZX Exchange, Inc
    Listing Date Feb 04 2021
    Trading Currency USD
    Ticker MBND
    CUSIP 78470P705
    ISIN US78470P7050

    Fund Characteristics as of Feb 26 2021

    Fund Characteristics as of Feb 26 2021
    Number of Holdings Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    		 Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 Average Price Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    		 Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.
    69 4.53% 5.82 $115.94 1.06% 3.29% 5.32 years
    Number of Holdings 69
    Average Coupon

    Average Coupon

    The [market value] weighted average coupon of the bonds in a portfolio.

    		 4.53%
    Average Maturity in Years

    Average Maturity

    The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

    		 5.82
    Average Price $115.94
    Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 1.06%
    Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    		 3.29%
    Option Adjusted Duration

    Option Adjusted Duration

    An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

    		 5.32 years
    Option Adjusted Spread Real Adjusted Duration

    Real Adjusted Duration

    A measure of the percentage price change of an inflation linked security associated with a change in real interest rates.

    		 Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

    		 Subject to AMT
    5.27 0.00 years 1.63% -
    Option Adjusted Spread 5.27
    Real Adjusted Duration

    Real Adjusted Duration

    A measure of the percentage price change of an inflation linked security associated with a change in real interest rates.

    		 0.00 years
    Yield to Maturity

    Yield to Maturity

    The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

    		 1.63%
    Subject to AMT -

    Index Characteristics as of Feb 26 2021

    Index Characteristics as of Feb 26 2021
    Number of Holdings Average Maturity in Years Average Price Average Yield To Worst Convexity Current Yield Option Adjusted Duration
    40,161 5.42 $115.56 1.01% 0.05% 3.91% 4.57 years
    Number of Holdings 40,161
    Average Maturity in Years 5.42
    Average Price $115.56
    Average Yield To Worst 1.01%
    Convexity 0.05%
    Current Yield 3.91%
    Option Adjusted Duration 4.57 years
    Option Adjusted Spread Yield to Maturity
    4.83 2.00%
    Option Adjusted Spread 4.83
    Yield to Maturity 2.00%

    Fund Market Price as of Feb 25 2021

    Fund Market Price as of Feb 25 2021
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
    $29.58 $29.58 $29.61 $29.61 8 0.28% 0.17%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 $29.58
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $29.58
    Day High $29.61
    Day Low $29.61
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 8
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 0.28%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    		 0.17%

    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)

    Number of Days Summary

    Calendar Year 2020
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    		 -
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    		 -
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    Calendar Year 2020 -
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    Calendar Year 2020 -
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    Premium/discount information will be displayed in the Number of Days Summary table following the completion of the current calendar quarter.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Feb 25 2021

    Fund Net Cash Amount as of Feb 25 2021
    Net Cash Amount
    $4,886,414.65
    Net Cash Amount $4,886,414.65

    Fund Net Asset Value as of Feb 25 2021

    Fund Net Asset Value as of Feb 25 2021
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 Shares Outstanding Assets Under Management
    $29.50 1.10 M $32.45 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 $29.50
    Shares Outstanding 1.10 M
    Assets Under Management $32.45 M
    Most Recent NAV / NAV History

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Feb 26 2021

    Fund Top Holdings as of Feb 26 2021

    Name Market Value ISIN Weight
    MARYLAND ST 1,347,577.00 US574193TD05 4.15%
    UNIV OF WASHINGTON WA UNIV REV 1,298,126.00 US91523NVD55 4.00%
    NEW JERSEY ST ECON DEV AUTH RE 1,251,356.00 US64577B7F54 3.86%
    FORT BEND TX INDEP SCH DIST 1,247,072.00 US346843MA02 3.84%
    NEW YORK ST URBAN DEV CORP REV 1,236,876.00 US650035W950 3.81%
    MEDFORD OR HOSP FACS AUTH REVE 1,171,226.00 US584283GQ21 3.61%
    N TX TOLLWAY AUTH REVENUE 1,076,490.00 US66285WZU34 3.32%
    MOFFAT CNTY CO POLL CONTROL RE 1,032,843.00 US607874CQ52 3.18%
    LOWER COLORADO RIVER TX AUTH T 992,889.00 US54811BWB34 3.06%
    NEW JERSEY ST EDUCTNL FACS AUT 991,644.00 US6460664Y39 3.06%
    Download All Holdings: Daily

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Feb 26 2021
    Index Sector Breakdownas of Feb 26 2021

    Fund Sector Breakdown as of Feb 26 2021

    Sector Weight
    Muni Transportation 19.15%
    Muni Special Tax 14.28%
    Not Classified 12.82%
    Muni Local 10.62%
    Muni State 9.66%
    Muni Education 9.25%
    Muni Leasing 7.85%
    Muni Health Care 4.83%
    Muni Industrial Revenue 4.66%
    Muni Power 4.43%
    Muni Water & Sewer 2.44%

    Index Sector Breakdown as of Feb 26 2021

    Sector Weight
    Muni State 17.94%
    Muni Local 16.22%
    Muni Transportation 15.44%
    Muni Special Tax 10.63%
    Muni Water & Sewer 8.81%
    Muni Leasing 6.94%
    Muni Health Care 6.82%
    Muni Education 6.23%
    Muni Industrial Revenue 5.00%
    Muni Power 4.75%
    Muni Housing 1.15%
    Muni Solid Waste/Res Recovery 0.07%

    Quality Breakdown

    Quality Breakdown
    Fund Quality Breakdownas of Feb 26 2021
    Index Quality Breakdownas of Feb 26 2021

    Fund Quality Breakdown as of Feb 26 2021

    Name Weight
    Aaa 32.04%
    Aa 27.86%
    A 31.30%
    Baa 5.66%
    Ba 3.14%

    Index Quality Breakdown as of Feb 26 2021

    Name Weight
    Aaa 16.93%
    Aa 51.44%
    A 24.05%
    Baa 7.57%

    Maturity Ladder

    Maturity Ladder
    Fund Maturity Ladderas of Feb 26 2021
    Index Maturity Ladderas of Feb 26 2021

    Fund Maturity Ladder as of Feb 26 2021

    Name Weight
    0- 1 Year 13.23%
    1- 3 Year 3.58%
    3- 5 Year 6.89%
    5- 7 Year 16.18%
    7- 10 Year 16.51%
    10- 15 Year 31.29%
    15- 20 Year 10.46%
    25- 30 Year 1.87%

    Index Maturity Ladder as of Feb 26 2021

    Name Weight
    1-2 Year 0.31%
    2- 3 Year 9.85%
    3- 5 Year 17.13%
    5- 7 Year 14.59%
    7- 10 Year 19.60%
    Not Classified 38.51%

    Top Ten States

    Top Ten States
    Fund Top Ten Statesas of Feb 26 2021

    Fund Top Ten States as of Feb 26 2021

    Name Weight
    Name Weight
    NEW YORK-NY 15.92%
    CALIFORNIA-CA 14.16%
    TEXAS-TX 13.33%
    Not Classified 12.82%
    NEW JERSEY-NJ 6.91%
    WASHINGTON-WA 4.56%
    ILLINOIS-IL 4.17%
    MARYLAND-MD 4.15%
    COLORADO-CO 3.79%
    OREGON-OR 3.61%
    Fund Documents
    Insights & Resources

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.

    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained herein is that of the SPDR® Nuveen Municipal Bond ETF.

    State Street Global Advisors Funds Distributors, LLC is the distributor for some registered products on behalf of the advisor. SSGA Funds Management, Inc. has retained Nuveen Asset Management as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with Nuveen Asset Management.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.

    Content on this site is approved for Investment Professional use only.
     

    View More Information About Our Firm: FINRA's BrokerCheck
     

    ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
     

    Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.
     

    Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC,  an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.
     

    THIS SITE IS INTENDED FOR QUALIFIED INVESTORS ONLY.
     

    No Offer/Local Restrictions
     

    Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. Not all products will be available to all investors. The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
     

    All persons and entities accessing the Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. Persons under these restrictions must not access the Site.

    Information for Non-U.S. Investors:
     

    The products and services described on this web site are intended to be made available only to persons in the United States or as otherwise qualified and permissible under local law. The information on this web site is only for such persons. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
     

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus  now, or talk to your financial advisor. Read it carefully before investing.
     

    Not FDIC Insured * No Bank Guarantee * May Lose Value

    2732006.6.1.AM.INST

     

    Sitemap

    View the FinSA disclosures

    © 2021 %%State Street Corporation%%. All rights reserved.