Expense Ratio
The annual fee the ETF charges, deducted daily from NAV. A 0.05% ratio costs you $5/year per $10,000 invested, over 30 years that's the difference between a great fund and a mediocre one.
Learn more →State Street® Nuveen Municipal Bond ETF
MBNDState Street (SPDR)Fixed Income
AI Agents
NAV
$27.42
Net Assets
$27.4M
Expense Ratio
0.40%
YTD
-0.53%
1Y
+3.28%
3Y CAGR
+3.10%
5Y CAGR
+0.77%
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. Its investment portfolio will will consist primarily of municipal bonds rated Baa3/BBB-/BBB- or higher by Moody's, S&P or Fitch Ratings, Inc., respectively. The fund is non-diversified.
Price History1,255 daily observations
Price History▲ 1.36% over 1Y
Returns PerformanceTrailing total returns
| YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|
| -0.53% | +3.28% | +3.10% | +0.77% |
Expense Ratio
Net (after waivers)0.40%
Gross (before waivers)0.40%
Net expense ratio reflects fee waivers and reimbursements actually paid by investors. Gross is the full management cost.
Sector Allocation1 sector
Fixed Income / Cash100.04%
Top 10 Holdings ConcentrationWhat share of the fund the largest 10 positions occupy
Top 10 Weight
26.1%
Total Holdings
81
Verdict
broadly diversified
Top Holdings81 positions
💡Reading the Holdings Table
The Weight column shows how much of the ETF's assets sit in each constituent. The Allocation bar scales each weight to the largest position so you can see relative concentration at a glance, and the Cumul. column tracks the running total, a fast read on how top-heavy this ETF is. The top 10 holdings account for 26.1% of assets. Click any constituent name to open its US stock detail page.
📖 Learn: Diversification & Asset Allocation →| # | Holding | Sector | Allocation | Weight | Cumul. |
|---|---|---|---|---|---|
| 1 | AZSHGR 5.000 07/01/34AZSHGR 5.000 07/01/34 | Fixed Income / Cash | 2.99% | 3.0% | |
| 2 | UTSGEN 4.375 06/01/40UTSGEN 4.375 06/01/40 | Fixed Income / Cash | 2.87% | 5.9% | |
| 3 | NMSMED 4.000 08/01/39NMSMED 4.000 08/01/39 | Fixed Income / Cash | 2.82% | 8.7% | |
| 4 | NYCDEV 3.000 03/01/36NYCDEV 3.000 03/01/36 | Fixed Income / Cash | 2.78% | 11.5% | |
| 5 | SFOTRN 5.000 08/01/34SFOTRN 5.000 08/01/34 | Fixed Income / Cash | 2.63% | 14.1% | |
| 6 | SEEPWR 5.000 11/01/35SEEPWR 5.000 11/01/35 | Fixed Income / Cash | 2.50% | 16.6% | |
| 7 | TRBGEN 5.000 12/01/34TRBGEN 5.000 12/01/34 | Fixed Income / Cash | 2.49% | 19.1% | |
| 8 | MAIUTL 5.000 12/01/53MAIUTL 5.000 12/01/53 | Fixed Income / Cash | 2.39% | 21.5% | |
| 9 | CCEDEV 5.000 09/01/32CCEDEV 5.000 09/01/32 | Fixed Income / Cash | 2.34% | 23.8% | |
| 10 | FORSCD 4.000 02/15/33FORSCD 4.000 02/15/33 | Fixed Income / Cash | 2.28% | 26.1% | |
| 11 | MELPWR 5.000 01/01/48MELPWR 5.000 01/01/48 | Fixed Income / Cash | 2.25% | 28.3% | |
| 12 | OKSTRN 5.000 01/01/44OKSTRN 5.000 01/01/44 | Fixed Income / Cash | 2.21% | 30.6% | |
| 13 | US DOLLARUS DOLLAR | Fixed Income / Cash | 2.15% | 32.7% | |
| 14 | OHSMED 3.250 01/01/35OHSMED 3.250 01/01/35 | Fixed Income / Cash | 2.10% | 34.8% | |
| 15 | TRCFAC 5.000 12/01/39TRCFAC 5.000 12/01/39 | Fixed Income / Cash | 2.01% | 36.8% | |
| 16 | MISHGR 5.000 02/15/30MISHGR 5.000 02/15/30 | Fixed Income / Cash | 2.01% | 38.8% | |
| 17 | NJSTRN 5.000 01/01/29NJSTRN 5.000 01/01/29 | Fixed Income / Cash | 1.97% | 40.8% | |
| 18 | ARSDEV 5.450 09/01/52ARSDEV 5.450 09/01/52 | Fixed Income / Cash | 1.96% | 42.8% | |
| 19 | CCEDEV 5.000 02/01/54CCEDEV 5.000 02/01/54 | Fixed Income / Cash | 1.95% | 44.7% | |
| 20 | TXSTRN 5.500 12/31/58TXSTRN 5.500 12/31/58 | Fixed Income / Cash | 1.91% | 46.6% | |
| Total (top 20) | 46.6% | ||||
Check Holdings Overlap
Sign in to see if this ETF's holdings overlap with stocks already in your portfolio. Knowing your total exposure helps avoid accidental over-concentration.
Sign In to Check OverlapInvestment CalculatorSee what investing in MBND might be worth
$
You invest
$10,000
Estimated gain
$797
Final value
$10,797
Projections assume returns compound at the chosen CAGR consistently for 10 years, actual returns will vary year-to-year. Past performance is not a guarantee of future results.
Key Concepts to UnderstandFive things that drive ETF performance more than anything else
Net Assets (AUM)
Total money the ETF manages. Larger AUM usually means tighter bid-ask spreads and lower closure risk. ETFs under $50M are sometimes liquidated by the issuer.
Learn more →NAV
Net Asset Value, the per-share value of everything the ETF owns minus what it owes, calculated end-of-day. The trading price can drift slightly above (premium) or below (discount) NAV during the day.
Learn more →Tracking Error
How closely the ETF's returns match its benchmark. Index ETFs aim for near-zero tracking error; high tracking error in an index fund usually signals fees, sampling, or poor management.
Learn more →Total Return
Capital gain + reinvested dividends. The headline price chart only shows the price part, total return is what you actually pocket, and is the only fair way to compare ETFs across asset classes.
Learn more →Similar ETFs
About This ETF
Provider
State Street (SPDR)
Asset Class
Fixed Income
Inception Date
Feb 3, 2021
Top Sector
Fixed Income / Cash (100.0%)
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. Its investment portfolio will will consist primarily of municipal bonds rated Baa3/BBB-/BBB- or higher by Moody's, S&P or Fitch Ratings, Inc., respectively. The fund is non-diversified.
US ETF data is for educational purposes only. Past performance does not guarantee future returns. Exchange-traded funds carry market risk and may lose value. Read the prospectus and consult a registered investment advisor before investing. Equiscale does not provide investment advice.