MBNE

State Street Nuveen Municipal Bond ESG ETF

$29.27

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

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

Overview

ETF tracking State Street Nuveen Municipal Bond ESG ETF

Category Municipal Bonds

Issuer Other

Inception Date 2022-04-05

Market Cap $13.2M

Average Volume N/A

Dividend Yield 2.99%

52-Week Range $28.22 - $30.04

VWAP $29.29

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a portfolio of municipal bonds that meet certain environmental, social, and governance (ESG) criteria, as determined by the index provider. The goal is to provide exposure to the municipal bond market while incorporating ESG considerations.

✨ Key Features

Focuses on municipal bonds with strong ESG characteristics
Seeks to track the performance of the Bloomberg Barclays Municipal Bond ESG Index
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Interest rate risk: Municipal bond prices may decline due to rising interest rates
Credit risk: Issuers of municipal bonds may default on their payments
Liquidity risk: Municipal bonds may be less liquid than other fixed-income securities
ESG investment risk: The fund's ESG criteria may limit the investment universe and performance

👤 Best For

This ETF may be suitable for investors seeking exposure to the municipal bond market with a focus on ESG factors. It may be appropriate for investors with a medium-term investment horizon and a moderate risk tolerance.