MBNDState Street Nuveen Municipal Bond ETF

Get income5y track recordRanked #1,034 of 1,622 in this goal

Seeks to provide current income that is exempt from regular federal income taxes.

By State Street Investment Management · Launched 2021

Annual Cost

0.40%

#2,058 of 5,562 · average

Fund Size

$27M

#4,135 of 5,562 · small

Dividend YieldGoal

3.49%

Track Record

5 years

#2,299 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,488+4.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 26.0% of fund✓ well diversified

Arizona Board of Regents

3.0%

New Mexico Hospital Equipment Loan Council

2.9%

Utah Telecommunication Open Infrastructure Agency

2.8%

New York City Industrial Development Agency

2.8%

San Francisco Bay Area Rapid Transit District

2.6%

Southeast Energy Authority A Cooperative District

2.5%

Triborough Bridge & Tunnel Authority

2.5%

California Community Choice Financing Authority

2.3%

Main Street Natural Gas Inc

2.3%

Fort Bend Independent School District

2.3%

Asset allocation

Bonds

98.0%

Cash

2.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.7%Low

Year-on-year price swings

Max drawdown

-13.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.02Below average

Sortino (3Y)

0.02Moderate downside risk

Bond profile

Duration

4.5 years

Avg maturity

10.3 years

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to provide current income that is exempt from regular federal income taxes.
Strategy: Invests primarily in municipal bonds exempt from federal income tax, targeting bonds rated Baa3/BBB-/BBB- or higher. May include high-yield bonds rated Ba1/BB+/BB+ or lower. Utilizes a value-oriented strategy to identify higher-yielding, undervalued bonds for above-average returns.
Inception date: February 4, 2021
Fund family: State Street Investment Management