MBNDState Street Nuveen Municipal Bond ETF
Seeks current income that is exempt from regular federal income taxes.
By State Street Investment Management · Launched 2021
Annual Cost
0.40%
#2,089 of 6,040 · average
Fund Size
$27M
#4,352 of 6,040 · small
Return (1Y)
-1.3%
Track Record
5 years
#2,268 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$9,875-1.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 25.7% of funddiversified
Arizona Board of Regents
2.9%
Utah Telecommunication Open Infrastructure Agency
2.8%
New York City Industrial Development Agency
2.8%
New Mexico Hospital Equipment Loan Council
2.7%
San Francisco Bay Area Rapid Transit District
2.6%
Southeast Energy Authority A Cooperative District
2.4%
Triborough Bridge & Tunnel Authority
2.4%
California Community Choice Financing Authority
2.3%
Main Street Natural Gas Inc
2.3%
Fort Bend Independent School District
2.3%
Asset allocation
Bonds
97.2%
Cash
2.8%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.8%Low
Year-on-year price swings
Max drawdown
-13.2%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.33Below average
Sortino (3Y)
-0.44Moderate downside risk
Bond profile
Duration
4.6 years
Avg maturity
10.1 years
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks current income that is exempt from regular federal income taxes.
- Strategy
- Invests at least 80% of net assets in municipal bonds exempt from federal income tax, targeting bonds rated Baa3/BBB-/BBB- or higher. Utilizes a value-oriented strategy to identify higher-yielding, undervalued municipal bonds for current income.
- Inception date
- February 4, 2021
- Fund family
- State Street Investment Management
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save MBND to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18