State Street Nuveen Municipal Bond ETF
MBND
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Feb 5, 2021
- CIK
- 0001516212
- Website
- ssga.com
- Similar Companies
- Business
- State Street Nuveen Municipal Bond ETF (MBND) is an actively managed exchange-traded fund that seeks to provide current income exempt from regular federal income taxes, with capital appreciation as a secondary objective; under normal circumstances, the fund invests at least 80% of its net assets in municipal bonds paying tax-exempt income, primarily investment-grade issues rated Baa3/BBB- or higher, targeting a weighted average maturity of 5-12 years across various maturities including 10-15 years (35%), 15-20 years (14%), and shorter durations. The ETF employs a rules-based, value-oriented strategy to select higher-yielding, undervalued municipal bonds, with portfolio limits of approximately 5% per bond and 10% over/underweighting by sector relative to the Bloomberg 3-15 Year Blend Municipal Bond Index benchmark; it holds around 74-120 securities, with top 10 holdings comprising about 30% of assets and over 94% in municipal bonds. Sponsored by State Street Global Advisors (SSGA) in collaboration with Nuveen, a subsidiary of TIAA, MBND trades on Cboe BZX with an expense ratio of 0.40%, approximately $28 million in assets under management, and a trailing 12-month dividend yield of about 3.2% as of late 2025. Launched on February 3, 2021, and headquartered in Boston, Massachusetts, the fund operates within the U.S. municipal bond market, targeting individual and institutional investors seeking tax-efficient fixed income exposure to state and local government debt across diverse credits and geographies. In November 2025, State Street announced plans to close and liquidate its related State Street Nuveen Municipal Bond ESG ETF (MBNE), with trading suspension set for May 13, 2026, though MBND continues active operations amid ongoing monthly distributions such as $0.0826 per share in recent declarations; the ETF has seen net outflows of approximately $21.76 million over the past year, reflecting broader market dynamics in municipal bonds.