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SPDR® Nuveen Municipal Bond ESG ETF MBNE

NAV
$29.51
as of Mar 21 2023
Base Currency
USD
Assets Under Management
$36.89 M
as of Mar 21 2023
Gross Expense Ratio
0.43%

Key Features


  • Seeks to provide current income that is exempt from regular federal income taxes by investing in municipal bonds that exhibit certain environmental, social and governance (“ESG”) characteristics
  • Designed to invest in municipal bonds whose issuers are leaders in their sectors in delivering ESG outcomes or whose proceeds are used towards positive environmental or social projects ("thematic bonds")
  • Actively managed by Nuveen, utilizing a value-oriented strategy designed to identify higher-yielding and undervalued municipal bonds meeting certain ESG characteristics

About this Benchmark


The Bloomberg 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, insured bonds and municipal lease obligations. The Index is comprised of tax-exempt municipal securities issued by states, cities, counties, districts and their respective agencies, authorities and instrumentalities.


Fund Information as of Mar 22 2023

Benchmark Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index
Inception Date Apr 04 2022
Options Available No
Gross Expense Ratio
0.43%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
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 Mar 22 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
Cboe BZX Exchange, Inc Apr 05 2022 USD MBNE 78470P853 US78470P8538

Fund Characteristics as of Mar 21 2023

Number of Holdings 100
Average Coupon
4.70%
Average Maturity in Years
5.87
Average Price $103.90
Average Yield To Worst
3.37%
Option Adjusted Duration
4.44 years
Option Adjusted Spread 4.18
Yield to Maturity
3.72%

Index Characteristics as of Mar 21 2023

Number of Holdings 39,981
Average Coupon -
Average Maturity in Years 5.53
Average Price $105.53
Average Yield To Worst 2.98%
Option Adjusted Duration 4.85 years
Option Adjusted Spread 4.63
Yield to Maturity 3.49%

Yields as of Mar 20 2023

30 Day SEC Yield
3.02%
30 Day SEC Yield (Unsubsidized)
-
Tax Equivalent Yield
-

Fund Market Price as of Mar 21 2023

Bid/Ask
$29.51
Closing Price
$29.51
Day High -
Day Low -
Exchange Volume (Shares)
0
Premium/Discount
-0.01%
30-Day Median Bid/Ask Spread
0.44%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
130
Days Traded at Discount
57

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.

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 Mar 21 2023

Net Cash Amount $1,041,451.79

Fund Net Asset Value as of Mar 21 2023

NAV
$29.51
Shares Outstanding 1.25 M
Assets Under Management $36.89 M

Fund Performance

  • Fund Inception Date: Apr 04 2022

as of Feb 28 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 04 2022
Fund Before Tax
NAV Feb 28 2023 -1.93% 0.24% 0.24% - - - - -0.46%
Market Value Feb 28 2023 -2.00% 0.28% 0.28% - - - - -0.49%
Benchmark
Feb 28 2023 -1.99% 0.36% 0.36% -3.24% -1.02% 1.82% 2.04% -0.45%
Fund After Tax
Return after Taxes on Distributions Feb 28 2023 -2.02% 0.14% 0.14% - - - - -0.58%
Return after Taxes on Distributions and Sale of Fund Shares Feb 28 2023 -1.14% 0.14% 0.14% - - - - 0.43%
Benchmark
Feb 28 2023 -1.99% 0.36% 0.36% -3.24% -1.02% 1.82% 2.04% -0.45%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 04 2022
Fund Before Tax
NAV Dec 31 2022 0.39% 3.47% - - - - - -0.70%
Market Value Dec 31 2022 0.42% 3.11% - - - - - -0.76%
Benchmark
Dec 31 2022 0.53% 3.85% -6.42% -6.42% -0.26% 1.48% 2.06% -0.81%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 0.39% 3.46% - - - - - -0.72%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 0.42% 2.42% - - - - - 0.29%
Benchmark
Dec 31 2022 0.53% 3.85% -6.42% -6.42% -0.26% 1.48% 2.06% -0.81%

Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.43%


Top Holdings

Fund Top Holdings as of Mar 21 2023

Name Market Value ISIN Weight
DALLAS TX 873,393.00 US235219ND09 2.37%
ENERGY N W WA ELEC REVENUE 849,132.00 US29270C3C71 2.30%
CALIFORNIA ST 802,393.00 US13063DWK08 2.17%
PORT OF SEATTLE WA REVENUE 781,537.00 US735389WP98 2.12%
MEDFORD OR HOSP FACS AUTH REVE 779,641.00 US584283GW98 2.11%
DIST OF COLUMBIA REVENUE 728,911.00 US25483VZH04 1.98%
GRAND RIVER OK DAM AUTH REVENU 726,030.00 US386442VU81 1.97%
OHIO ST 716,210.00 US677522QB37 1.94%
WASHINGTON ST 716,135.00 US93974DDU90 1.94%
CONNECTICUT ST 687,185.00 US20772KSU42 1.86%
Download All Holdings: Daily

Sector Allocation

as of Mar 21 2023
as of Mar 21 2023

Fund Sector Breakdown as of Mar 21 2023

Sector Weight
Muni Transportation 20.02%
Muni State 14.75%
Muni Health Care 12.20%
Muni Local 11.64%
Muni Power 9.80%
Muni Leasing 9.04%
Muni Special Tax 7.14%
Muni Education 6.01%
Muni Water & Sewer 4.59%
Muni Industrial Revenue 3.17%
Not Classified 1.63%

Index Sector Breakdown as of Mar 21 2023

Sector Weight
Muni State 16.92%
Muni Local 16.41%
Muni Transportation 15.02%
Muni Special Tax 10.39%
Muni Water & Sewer 8.77%
Muni Leasing 7.84%
Muni Health Care 6.89%
Muni Education 5.90%
Muni Industrial Revenue 5.77%
Muni Power 4.57%
Muni Housing 1.52%
Muni Solid Waste/Res Recovery 0.01%

Quality Breakdown

as of Mar 21 2023
as of Mar 21 2023

Fund Quality Breakdown as of Mar 21 2023

Name Weight
Aaa 8.57%
Aa 50.55%
A 26.76%
Baa 11.29%
NR 2.84%

Index Quality Breakdown as of Mar 21 2023

Name Weight
Aaa 17.39%
Aa 54.73%
A 22.34%
Baa 5.53%

Maturity Ladder

as of Mar 21 2023
as of Mar 21 2023

Fund Maturity Ladder as of Mar 21 2023

Name Weight
0- 1 Year 8.30%
1- 3 Year 12.62%
3- 5 Year 15.78%
5- 7 Year 8.15%
7- 10 Year 5.27%
10- 15 Year 36.02%
15- 20 Year 11.36%
20- 25 Year 0.31%
25- 30 Year 1.34%
30+ Year 0.85%

Index Maturity Ladder as of Mar 21 2023

Name Weight
1-2 Year 0.23%
2- 3 Year 9.60%
3- 5 Year 16.76%
5- 7 Year 15.07%
7- 10 Year 20.16%
Not Classified 38.19%

Top Ten States

Fund Top Ten States as of Mar 21 2023

Name Weight
CALIFORNIA-CA 10.87%
WASHINGTON-WA 10.87%
NEW YORK-NY 10.16%
FLORIDA-FL 9.23%
TEXAS-TX 6.23%
ILLINOIS-IL 5.41%
CONNECTICUT-CT 4.48%
NEW JERSEY-NJ 4.26%
WISCONSIN-WI 4.18%
PENNSYLVANIA-PA 3.60%

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.


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 ESG ETF.

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.

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.

"Bloomberg®" and Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR® Nuveen Municipal Bond ESG ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR® Nuveen Municipal Bond ESG ETF.