SPDR Nuveen Municipal Bond ETFSPDR Nuveen Municipal Bond ETFSPDR Nuveen Municipal Bond ETF

SPDR Nuveen Municipal Bond ETF

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Key stats


Assets under management (AUM)
‪52.99 M‬USD
Fund flows (1Y)
‪2.75 M‬USD
Dividend yield (indicated)
2.64%
Discount/Premium to NAV
0.2%

About SPDR Nuveen Municipal Bond ETF


Issuer
State Street Corp.
Brand
SPDR
Expense ratio
0.40%
Home page
Inception date
Feb 3, 2021
Index tracked
No Underlying Index
Management style
Active
MBNDs actively managed take is pegged around the Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index (Benchmark Index). The portfolio holds municipal bonds issued by US states, the District of Columbia, US territories like Puerto Rico and local governments and agencies. MBND holds municipal bonds of different credit qualities with 80% allocated to A3/A- or higher and 20% allocated to Baa1/BBB+, including high-yielding bonds. The portfolio selection is rules-based and value-oriented aiming to identify high-yielding, undervalued bonds that has great total return potential. The portfolio limits individual bond weights by more or less 5% as compared to the Benchmark Index and sector weights are over/underweighted by 10%.

Classification


Asset Class
Fixed income
Category
Government, local authority/municipal
Focus
Broad credit
Niche
Intermediate
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Municipal
Bonds, Cash & Other100.00%
Municipal98.55%
Mutual fund1.45%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
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Summary
Neutral
SellBuy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.