ETF profile for State Street Nuveen Municipal Bond ETF (MBND) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
MBND ETF Profile
| Family: |
State Street (SPDR) |
| Name: |
State Street Nuveen Municipal Bond ETF |
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| Inception Date: |
3-Feb-2021 |
| Termination Date: |
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| Investment Objective: |
State Street Nuveen Municipal Bond ETF seeks to provide current income that is exempt from regular federal income taxes. Capital appreciation is a secondary objective when consistent with the Fund's primary objective. under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in municipal bonds that pay income that is exempt from regular federal income tax. Under normal circumstances, the Sub-Adviser will target a weighted average duration for the Fund's portfolio between 4.5 - 7 years and a weighted average maturity for the Fund's portfolio between 5 - 15 years. In selecting securities for the Fund, the Sub-Adviser utilizes a value-oriented strategy which is designed to identify higher-yielding and undervalued municipal bonds that offer above-average total return potential. In identifying potential municipal bond investments to purchase or sell, the Sub-Adviser's investment process may incorporate, among other things, credit analysis and surveillance, sector analysis, industry concentration analysis, trading strategies, and yield curve and structural analysis. The Sub-Adviser may choose to sell municipal bonds with deteriorating credit and/or limited upside potential compared to other available bonds. |
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| Prospectus |
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| Top 10 Holdings |
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Top 10 Holdings Weight: |
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| Number of Holdings: |
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| Shares Outstanding: |
950,000 |
| Total Net Assets: |
24,818,750 |
| NAV: |
26.42 |
| Net Expense Ratio: |
0.40% |
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| Asset Class: |
Bonds |
| Developed or Emerging: |
Developed Market Funds |
| Country: |
US |
| Region: |
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| Strategy: |
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| Currency: |
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| Commodity: |
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| Sector: |
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| Industry: |
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| Dividend Type: |
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| Tax Exempt State: |
Municipal - National |
| Maturity Duration: |
Fund Holds All Maturity Ranges |
| Market Cap: |
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| Credit Quality: |
Investment Grade Only |
| Mortgage Bond Types: |
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| Bond Type: |
Municipal |
| Gov't Bond Types: |
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| Reit Type: |
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| Leverage Direction/Factor: |
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| Is Currency Hedged: |
No |
| US or Ex-US: |
Domestic |
