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.

$29.84

as of Apr 08 2021

Base Currency

USD

Assets Under Management

$41.78 M

as of Apr 08 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 Apr 08 2021

Fund Information as of Apr 08 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.

Base Currency Sub-advisor Investment Manager
Bloomberg Barclays 3-15 Year Blend Municipal Bond Index Feb 03 2021 No 0.40% USD Nuveen Asset Management, LLC SSGA Funds Management, Inc.
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%
Base Currency USD
Sub-advisor Nuveen Asset Management, LLC
Investment Manager SSGA Funds Management, Inc.
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Monthly
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Apr 08 2021

Listing Information as of Apr 08 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 Apr 09 2021

Fund Characteristics as of Apr 09 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.

87 4.40% 6.96 $116.00 1.19% 3.25% 6.11 years
Number of Holdings 87
Average Coupon

Average Coupon

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

4.40%
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.

6.96
Average Price $116.00
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.

1.19%
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.

3.25%
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.

6.11 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
6.06 0.00 years 1.78% -
Option Adjusted Spread 6.06
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.

1.78%
Subject to AMT -

Index Characteristics as of Apr 09 2021

Index Characteristics as of Apr 09 2021
Number of Holdings Average Maturity in Years Average Price Average Yield To Worst Convexity Current Yield Option Adjusted Duration
40,238 5.48 $116.45 0.87% 0.11% 3.87% 4.60 years
Number of Holdings 40,238
Average Maturity in Years 5.48
Average Price $116.45
Average Yield To Worst 0.87%
Convexity 0.11%
Current Yield 3.87%
Option Adjusted Duration 4.60 years
Option Adjusted Spread Yield to Maturity
4.90 1.90%
Option Adjusted Spread 4.90
Yield to Maturity 1.90%

Yields as of Apr 08 2021

Yields as of Apr 08 2021
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.

Fund Dividend Yield

Fund Dividend Yield

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

0.69% 0.06%
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.

0.69%
Fund Dividend Yield

Fund Dividend Yield

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

0.06%

Fund Market Price as of Apr 08 2021

Fund Market Price as of Apr 08 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.

$29.88 $29.88 - - 0 0.12% 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.

$29.88
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$29.88
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.

0
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)

0.12%
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 First Quarter of 2021
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
- 38
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
- 1
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
Calendar Year 2020 -
First Quarter of 2021 38
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
Calendar Year 2020 -
First Quarter of 2021 1
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 Apr 08 2021

Fund Net Cash Amount as of Apr 08 2021
Net Cash Amount
$7,688,834.70
Net Cash Amount $7,688,834.70

Fund Net Asset Value as of Apr 08 2021

Fund Net Asset Value as of Apr 08 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
$29.84 1.40 M $41.78 M
NAV

NAV

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

$29.84
Shares Outstanding 1.40 M
Assets Under Management $41.78 M
Most Recent NAV / NAV History

Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Apr 09 2021

Fund Top Holdings as of Apr 09 2021

Name Market Value ISIN Weight
MASSACHUSETTS ST BAY TRANSPRTN 1,451,436.00 US575579L390 3.47%
MARYLAND ST 1,362,509.00 US574193TD05 3.26%
UNIV OF WASHINGTON WA UNIV REV 1,312,010.00 US91523NVD55 3.14%
NEW JERSEY ST ECON DEV AUTH RE 1,278,718.00 US64577B7F54 3.06%
FORT BEND TX INDEP SCH DIST 1,255,697.00 US346843MA02 3.01%
NEW YORK ST URBAN DEV CORP REV 1,217,322.00 US650035W950 2.91%
MIAMI-DADE CNTY FL WTR & SWR R 1,202,560.00 US59334DMH43 2.88%
MEDFORD OR HOSP FACS AUTH REVE 1,185,721.00 US584283GQ21 2.84%
NEW YORK ST DORM AUTH ST PERSO 1,159,347.00 US64990FZU10 2.77%
N TX TOLLWAY AUTH REVENUE 1,095,582.00 US66285WZU34 2.62%
Download All Holdings: Daily

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Apr 09 2021
Index Sector Breakdownas of Apr 09 2021

Fund Sector Breakdown as of Apr 09 2021

Sector Weight
Muni Special Tax 16.67%
Muni Transportation 14.69%
Not Classified 11.53%
Muni Local 9.38%
Muni State 9.11%
Muni Leasing 8.94%
Muni Education 7.87%
Muni Industrial Revenue 6.95%
Muni Water & Sewer 4.77%
Muni Health Care 3.79%
Muni Power 3.45%
Muni Housing 2.84%

Index Sector Breakdown as of Apr 09 2021

Sector Weight
Muni State 18.08%
Muni Local 16.22%
Muni Transportation 15.32%
Muni Special Tax 10.49%
Muni Water & Sewer 8.84%
Muni Leasing 7.06%
Muni Health Care 6.84%
Muni Education 6.24%
Muni Industrial Revenue 5.01%
Muni Power 4.67%
Muni Housing 1.19%
Muni Solid Waste/Res Recovery 0.06%

Quality Breakdown

Quality Breakdown
Fund Quality Breakdownas of Apr 09 2021
Index Quality Breakdownas of Apr 09 2021

Fund Quality Breakdown as of Apr 09 2021

Name Weight
Aaa 26.73%
Aa 35.88%
A 20.01%
Baa 9.84%
Ba 3.40%
Caa 0.90%
NR 3.24%

Index Quality Breakdown as of Apr 09 2021

Name Weight
Aaa 16.82%
Aa 51.70%
A 23.81%
Baa 7.68%

Maturity Ladder

Maturity Ladder
Fund Maturity Ladderas of Apr 09 2021
Index Maturity Ladderas of Apr 09 2021

Fund Maturity Ladder as of Apr 09 2021

Name Weight
0- 1 Year 11.84%
1- 3 Year 2.78%
3- 5 Year 8.29%
5- 7 Year 11.70%
7- 10 Year 12.18%
10- 15 Year 28.37%
15- 20 Year 16.61%
20- 25 Year 5.14%
25- 30 Year 2.08%
30+ Year 1.00%

Index Maturity Ladder as of Apr 09 2021

Name Weight
1-2 Year 0.15%
2- 3 Year 9.83%
3- 5 Year 16.76%
5- 7 Year 14.62%
7- 10 Year 19.64%
Not Classified 39.00%

Top Ten States

Top Ten States
Fund Top Ten Statesas of Apr 09 2021

Fund Top Ten States as of Apr 09 2021

Name Weight
Name Weight
NEW YORK-NY 19.61%
CALIFORNIA-CA 14.98%
Not Classified 11.53%
TEXAS-TX 10.43%
FLORIDA-FL 6.11%
NEW JERSEY-NJ 5.45%
MASSACHUSETTS-MA 3.84%
WASHINGTON-WA 3.58%
MARYLAND-MD 3.56%
ILLINOIS-IL 3.30%

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.