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SPDR® Nuveen Municipal Bond ESG ETF MBNE

NAV

NAV

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

$29.76
as of Jun 13 2024
Base Currency
USD
Assets Under Management
$40.18 M
as of Jun 13 2024
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.

0.43%

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 Jun 14 2024

Benchmark Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index
Inception Date Apr 04 2022
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.

0.43%
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 Jun 14 2024

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

Fund Characteristics as of Jun 13 2024

Number of Holdings 101
Average Coupon

Average Coupon

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

4.77%
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.

9.04
Average Price

Average Price The weighted average of each asset’s market price relative to its face value or par value.

$102.61
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.

3.95%
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.

5.48 years
Option Adjusted Spread 5.35
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.

4.25%

Index Characteristics as of Jun 13 2024

Number of Holdings 41,856
Average Coupon -
Average Maturity in Years 5.75
Average Price $103.81
Average Yield To Worst 3.46%
Option Adjusted Duration 4.80 years
Option Adjusted Spread 4.74
Yield to Maturity 3.80%

Yields as of Jun 12 2024

30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

3.54%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

-
Fund Distribution Yield

Fund Distribution Yield

The sum of the most recent 12 distributions within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

3.08%
Tax Equivalent Yield

Taxable Equivalent Yield

Return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. Tax equivalent yield is based on the Fund's 30 Day SEC Yield and the highest marginal federal income tax rate.

5.98%

Fund Market Price as of Jun 13 2024

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.

$29.78
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$29.78
Day High $29.72
Day Low $29.72
Exchange Volume (Shares)

Exchange Volume (shares)

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

1
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)

0.04%
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.

0.37%

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.

Number of Days Summary

Calendar Year 2023 First Quarter of 2024
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

127 0
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

123 61

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 Jun 13 2024

Net Cash Amount $392,868.91

Fund Net Asset Value as of Jun 13 2024

NAV

NAV

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

$29.76
Shares Outstanding 1.35 M
Assets Under Management $40.18 M

Fund Performance

  • Fund Inception Date: Apr 04 2022

as of May 31 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 04 2022
Fund Before Tax
NAV May 31 2024 -0.12% -1.09% -0.92% 3.63% - - - 1.82%
Market Value May 31 2024 0.02% -1.06% -1.11% 3.58% - - - 1.80%
Benchmark
Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index
May 31 2024 -0.67% -1.79% -2.11% 2.05% -1.00% 0.97% 2.05% 1.10%
Fund After Tax
Return after Taxes on Distributions May 31 2024 -0.23% -1.31% -1.36% 3.17% - - - 1.59%
Return after Taxes on Distributions and Sale of Fund Shares May 31 2024 -0.07% -0.65% -0.54% 2.99% - - - 1.82%
Benchmark
Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index
May 31 2024 -0.67% -1.79% -2.11% 2.05% -1.00% 0.97% 2.05% 1.10%

as of Mar 31 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 04 2022
Fund Before Tax
NAV Mar 31 2024 0.14% 0.17% 0.17% 3.71% - - - 2.54%
Market Value Mar 31 2024 0.18% -0.05% -0.05% 3.66% - - - 2.51%
Benchmark
Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index
Mar 31 2024 0.00% -0.33% -0.33% 2.63% -0.12% 1.64% 2.45% 2.11%
Fund After Tax
Return after Taxes on Distributions Mar 31 2024 0.03% -0.05% -0.05% 3.47% - - - 2.41%
Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2024 0.08% 0.10% 0.10% 3.24% - - - 2.45%
Benchmark
Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index
Mar 31 2024 0.00% -0.33% -0.33% 2.63% -0.12% 1.64% 2.45% 2.11%

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

Subject to change.

Fund Top Holdings as of Jun 13 2024

Name Market Value ISIN Weight
IDAHO ST HSG & FIN ASSN SALES 989,280.00 US45130ABU88 2.46%
NEW YORK CITY NY TRANSITIONAL 922,550.00 US64971XRM29 2.29%
PENNSYLVANIA ST TURNPIKE COMMI 897,578.00 US709223XV86 2.23%
DALLAS TX 886,884.00 US235219ND09 2.21%
SOUTH CAROLINA ST JOBS-ECON DE 850,471.00 US837032BS95 2.12%
MEDFORD OR HOSP FACS AUTH REVE 814,856.00 US584283GW98 2.03%
WISCONSIN ST HLTH & EDUCTNL FA 795,626.00 US97712DVZ67 1.98%
PENNSYLVANIA ST ECON DEV FING 768,277.00 US708692BZ09 1.91%
MICHIGAN ST HSG DEV AUTH SF MT 764,942.00 US594654TJ41 1.90%
PORT OF SEATTLE WA REVENUE 758,890.00 US735389WP98 1.89%
Download All Holdings: Daily

Sector Allocation

as of Jun 13 2024
as of Jun 13 2024

Fund Sector Breakdown as of Jun 13 2024

Sector Weight
Muni Transportation 17.91%
Muni Health Care 15.91%
Muni Special Tax 13.08%
Muni Industrial Revenue 9.96%
Muni Local 9.95%
Muni Education 6.78%
Muni State 6.05%
Muni Leasing 6.01%
Muni Power 5.96%
Muni Housing 5.23%
Muni Water & Sewer 3.14%
Not Classified 0.01%

Index Sector Breakdown as of Jun 13 2024

Sector Weight
Muni Local 16.55%
Muni State 15.52%
Muni Transportation 14.19%
Muni Special Tax 9.97%
Muni Water & Sewer 8.69%
Muni Leasing 7.71%
Muni Industrial Revenue 7.23%
Muni Health Care 7.06%
Muni Education 6.55%
Muni Power 4.63%
Muni Housing 1.88%
Muni Solid Waste/Res Recovery 0.03%

Quality Breakdown

as of Jun 13 2024
as of Jun 13 2024

Fund Quality Breakdown as of Jun 13 2024

Name Weight
Aaa 4.54%
Aa 37.60%
A 36.29%
Baa 13.42%
Ba 1.77%
NR 6.39%

Index Quality Breakdown as of Jun 13 2024

Name Weight
Aaa 17.23%
Aa 56.04%
A 22.39%
Baa 4.35%

Maturity Ladder

as of Jun 13 2024
as of Jun 13 2024

Fund Maturity Ladder as of Jun 13 2024

Name Weight
0- 1 Year 0.01%
1- 3 Year 11.26%
3- 5 Year 3.98%
5- 7 Year 5.82%
7- 10 Year 4.48%
10- 15 Year 41.91%
15- 20 Year 13.04%
20- 25 Year 9.94%
25- 30 Year 4.40%
30+ Year 5.15%

Index Maturity Ladder as of Jun 13 2024

Name Weight
1-2 Year 0.40%
2- 3 Year 8.27%
3- 5 Year 15.88%
5- 7 Year 15.27%
7- 10 Year 21.21%
Not Classified 38.96%

Top Ten States

Fund Top Ten States as of Jun 13 2024

Name Weight
NEW YORK-NY 9.58%
TEXAS-TX 8.56%
FLORIDA-FL 8.00%
WISCONSIN-WI 6.79%
WASHINGTON-WA 6.50%
PENNSYLVANIA-PA 6.25%
CONNECTICUT-CT 6.18%
ILLINOIS-IL 4.99%
CALIFORNIA-CA 4.93%
OREGON-OR 4.20%

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.