MBND

State Street Nuveen Municipal Bond ETF

$27.45

+0.00%

Market closed. Last update: 11:38 PM ET

📎 Investment Objective

The SPDR Nuveen Municipal Bond ETF (MBND) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays Municipal Bond Index.

Overview

ETF tracking State Street Nuveen Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2021-02-04

Market Cap $28.8M

Average Volume N/A

Dividend Yield 2.84%

52-Week Range $26.48 - $28.03

VWAP $27.49

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a portfolio of municipal bonds that is designed to track the performance of the Bloomberg Barclays Municipal Bond Index. The index is a broad-based, market-value-weighted index that tracks the tax-exempt bond market.

✨ Key Features

Broad exposure to the municipal bond market
Seeks to track the performance of the Bloomberg Barclays Municipal Bond Index
Low expense ratio of 0.00%
Suitable for investors seeking tax-exempt income and diversification

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline when interest rates rise
Credit risk: The risk that the issuer of a municipal bond may default on its obligations
Liquidity risk: The risk that the ETF may have difficulty selling certain securities at an advantageous time or price
Concentration risk: The ETF may be more susceptible to factors affecting the municipal bond market

👤 Best For

The SPDR Nuveen Municipal Bond ETF may be suitable for investors seeking tax-exempt income, diversification, and exposure to the broader municipal bond market. It may be particularly attractive for investors in higher tax brackets who are looking to generate tax-advantaged returns.