State Street Nuveen Municipal Bond ETF
$25.80−0.21 (−0.82%)
- Expense ratio
- 0.40%
- Fund size
- $26M
- 1Y return
- −1.9%
- Yield · Last 12 months
- 3.62%
- Holdings
- 71
- Volume · 30D
- 0M sh
- NAV per share
- $26.32
- 52W range
The ETF.net MBND Grade
Score 38 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 21Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 67Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 12Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 42Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 40Category rank
Our read on MBND
DA muni fund that picks rather than tracks: roughly 70 bonds chosen for value and yield, benchmarked to the intermediate 3-15 year part of the curve, with federally tax-exempt income paid monthly.
The fund seeks broad exposure to municipal bonds providing income exempt from federal income taxes and uses an active approach focused on higher-yielding, undervalued bonds with above-average total-return potential.
Why people hold it
- Active where most of the category is passive: a value-oriented hunt for higher-yielding, undervalued bonds in a concentrated book of roughly 70 positions.
- Income is exempt from federal income taxes and pays on a monthly cadence.
- Measured against the Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index, so it lives in the intermediate belly of the curve, not the long, rate-twitchy end.
Worth knowing
- 0.40% a year is above the typical muni ETF, and the category's index giants (VTEB, SCMB) run at 0.03%. Active picking has to earn that gap.
- Small asset base and thin trading volume: spreads can widen, so limit orders matter more here than in the category's mega-funds.
- A roughly 70-bond active book can diverge from its benchmark in either direction. You are buying a manager's calls, not the whole muni market.
MBND Holdings
- Bonds
- 71
- 28%
- US DOLLAR
Geography
- United States100.00%
MBND Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MBND |
|---|---|
| Year to date | −2.7% |
| 1 month | −3.0% |
| 3 months | −3.8% |
| 1 year | −1.9% |
| 3 years | +2.7% |
| 5 years | −0.2% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MBND |
|---|---|---|
| 2026 YTD | −2.7% | |
| 2025 | +2.9% | |
| 2024 | +2.8% | |
| 2023 | +5.6% | |
| 2022 | −8.6% | |
| 2021 | +0.4% |
MBND in the news
ETF.net Research hasn’t filed on MBND yet — coverage lands here as it’s written.
MBND Dividends
- 3.62%
- $0.94
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.08 |
| Aug 3, 2026 | Aug 6, 2026 | $0.08 |
| Jul 1, 2026 | Jul 7, 2026 | $0.08 |
| Jun 1, 2026 | Jun 4, 2026 | $0.08 |
| May 1, 2026 | May 6, 2026 | $0.08 |
| Apr 1, 2026 | Apr 6, 2026 | $0.08 |
| Mar 2, 2026 | Mar 5, 2026 | $0.08 |
| Feb 2, 2026 | Feb 5, 2026 | $0.08 |
| Dec 18, 2025 | Dec 23, 2025 | $0.08 |
| Dec 1, 2025 | Dec 4, 2025 | $0.08 |
| Nov 3, 2025 | Nov 6, 2025 | $0.08 |
| Oct 1, 2025 | Oct 6, 2025 | $0.08 |
MBND Risk
- 4.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.24
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −12.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.84
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MBND Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
49 of the 62 Other Municipal Bond funds charge less.