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State Street® Nuveen Municipal Bond ETF

SPDR · US78470P7050

State Street® Nuveen Municipal Bond ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker MBND (ISIN US78470P7050). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about lending to governments and companies in return for regular interest, which tends to be steadier…

· Tracks the Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index index ?

Bond ?Unknown Physical ?United States ?

Mid-range feeOwns the shares directlyOther

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SPDR funds Domiciled in United States Unknown Physically replicated Other bonds Yearly fee under 0.5%

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Fund size (AUM) ?

€23.9M

1-year return ?

+1.5%

Price Return · to 2026-07-20

Yearly fee (TER) ?

0.40%

All-in cost ≈ 0.00%

About this fund

What you own

The Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 74 companies across Other in a single purchase.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.40%Yearly fee (TER)

0.00%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index

Replication ?

Physical

Full — buys every share

Launched

Feb 2021

5-year track record

Bond details

Credit quality ?

Investment Grade

Inflation-linked ?

No — nominal (fixed) payouts

Performance

Growth of $100 invested — the line starts at $100.

State Street® Nuveen Municipal Bond ETF

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD-1.0%

1 year+1.5%

3 years+0.1%

5 years-2.2%

Return, year by year

-10.1

+2.9

+0.0

-0.6

'22'23'24'25

2 of 4 up yearsBest: 2023 +2.9%Worst: 2022 -10.1%Calendar-year total returns, in USD

How bumpy has it been?

2.9%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-5.7%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

0.02

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

-10.1%

Since inception

Total growth since launch — about -2.1% a year.

+8.5%

Best 12 months

The strongest one-year stretch on record.

-13.5%

Worst 12 months

The weakest one-year stretch on record.

-15.5%

Worst fall on record ?

It has not fully recovered yet.

What's inside

The 10 biggest holdings make up 26.1% of the fund — the rest is spread across roughly 64 more companies.

Top 10 holdings

#	Company	Weight
1	AZSHGR 5.000 07/01/34	2.9%
2	NMSMED 4.000 08/01/39	2.8%
3	UTSGEN 4.375 06/01/40	2.8%
4	NYCDEV 3.000 03/01/36	2.8%
5	SFOTRN 5.000 08/01/34	2.6%
6	SEEPWR 5.000 11/01/35	2.5%
7	NYSDEV 5.000 11/15/41	2.5%
8	TRBGEN 5.000 12/01/34	2.4%
9	CCEDEV 5.000 09/01/32	2.4%
10	MAIUTL 5.000 12/01/53	2.4%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
NYSE	MBND	USD	★ Primary
USD listings
NYSE Arca	MBND	USD
OC	MBND	USD
UA	MBND	USD
UB	MBND	USD
UC	MBND	USD
UD	MBND	USD
UF	MBND	USD
UM	MBND	USD
US	MBND	USD
UT	MBND	USD
UX	MBND	USD
VF	MBND	USD
VG	MBND	USD
VJ	MBND	USD
VK	MBND	USD
VL	MBND	USD
VP	MBND	USD
VY	MBND	USD

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-20 · the fund's own published holdings.

#	Company	Weight
1	AZSHGR 5.000 07/01/34	2.9%
2	NMSMED 4.000 08/01/39	2.8%
3	UTSGEN 4.375 06/01/40	2.8%
4	NYCDEV 3.000 03/01/36	2.8%
5	SFOTRN 5.000 08/01/34	2.6%
6	SEEPWR 5.000 11/01/35	2.5%
7	NYSDEV 5.000 11/15/41	2.5%
8	TRBGEN 5.000 12/01/34	2.4%
9	CCEDEV 5.000 09/01/32	2.4%
10	MAIUTL 5.000 12/01/53	2.4%
11	FORSCD 4.000 02/15/33	2.3%
12	MELPWR 5.000 01/01/48	2.2%
13	OKSTRN 5.000 01/01/44	2.2%
14	OHSMED 3.250 01/01/35	2.1%
15	MISHGR 5.000 02/15/30	2.0%
16	ARSDEV 5.450 09/01/52	2.0%
17	TRCFAC 5.000 12/01/39	2.0%
18	CCEDEV 5.000 02/01/54	2.0%
19	NJSTRN 5.000 01/01/29	1.9%
20	UNIHGR 5.000 08/15/27	1.9%
21	TXSTRN 5.500 12/31/58	1.9%
22	OKSEDU 4.000 09/01/38	1.9%
23	BBEUTL 4.000 10/01/52	1.9%
24	MIAUTL 3.000 10/01/36	1.8%
25	MARPOL 0.875 06/01/43	1.8%
26	KYSDEV 4.250 07/01/35	1.7%
27	NHPFAC 5.500 01/01/57	1.6%
28	TRBGEN 5.000 12/01/33	1.5%
29	DULDEV 4.000 06/15/37	1.4%
30	WISMED 3.000 10/15/37	1.4%
31	SFOGEN 5.750 09/01/53	1.4%
32	ILWDEV 5.250 07/01/48	1.3%
33	NORHGR 4.000 04/01/37	1.3%
34	RICMED 3.000 01/01/33	1.3%
35	LASFAC 4.000 04/01/39	1.2%
36	METAPT 4.000 10/01/38	1.1%
37	OKSMED 5.000 08/15/38	1.1%
38	FLSDEV 4.500 07/01/32	1.1%
39	OLA 3.000 10/01/31	1.1%
40	PSBDEV 4.000 11/01/39	1.1%
41	CENPWR 5.000 05/01/54	1.1%
42	NYTTRN 6.000 04/01/35	1.0%
43	TNSUTL 5.250 09/01/26	1.0%
44	CAS 5.000 03/01/30	1.0%
45	SAN 5.000 02/01/30	1.0%
46	UTSPWR 5.000 09/01/32	1.0%
47	CHITRN 5.000 01/01/38	1.0%
48	ORAFAC 5.000 08/15/37	1.0%
49	VAYSCD 5.000 02/15/29	1.0%
50	LASTRN 4.150 09/01/27	0.9%
51	FLSDEV 12.000 07/01/57	0.9%
52	FLSDEV 4.375 10/01/54	0.9%
53	TXSPWR 3.000 09/01/39	0.8%
54	JEFUTL 5.250 10/01/40	0.8%
55	PUBEDU 6.000 06/15/52	0.8%
56	MDSTRN 5.000 08/01/30	0.8%
57	IASGEN 4.000 12/01/50	0.8%
58	US DOLLAR	0.8%
59	WASMED 5.000 08/15/37	0.8%
60	COSMED 4.000 08/01/37	0.8%
61	SFOAPT 5.000 05/01/28	0.7%
62	ILS 5.000 12/01/31	0.6%
63	WAS 5.000 08/01/29	0.6%
64	CASHSG 3.500 11/20/35	0.6%
65	CEADEV 5.500 05/01/44	0.5%
66	VASDEV 5.000 06/30/39	0.5%
67	MISFIN 5.000 11/01/34	0.4%
68	LEWSCD 5.000 08/15/28	0.4%
69	SPVGEN 6.250 09/01/53	0.4%
70	STLAPT 5.000 07/01/29	0.4%
71	ILS 3.250 11/01/26	0.4%
72	PASDEV 5.250 12/01/37	0.4%
73	PMRMED 0.000 08/01/27	0.4%
74	MARDEV 4.000 10/15/47	0.3%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 6% of similar ETFs📈 Higher 1-yr return than 75%📈 Higher 3-yr return than 29%📈 Higher 5-yr return than 52%📊 Beat its category by 1.0% (1-yr) (category average +0.5%)📊 Behind its category by 0.6% (3-yr) (category average +0.7%)📊 Beat its category by 0.1% (5-yr) (category average -2.3%)

Versus the Bonds · Other · USD ETFs we track.

Advanced risk

0.03

Sortino (3y) ?

0.02

Calmar (3y) ?

2.1%

Downside deviation ?

67%

Up months (hit rate) ?

$27.76

52-week high ?

$26.70

52-week low ?

Concentration depth

~58 ?

Effective number of holdings

Roughly 74 companies are held, but the largest names carry most of the weight — so it behaves like ~58 equal-sized positions.

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Other bonds

Compare side by side

6 similar funds

	State Street® Nuveen Municipal Bond ETFSPDRYou're viewing	State Street® SPDR® S&P® Dividend ETFSPDRBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	iShares Core € Corp Bond UCITS ETFiSharesBroader match	iShares Core € Corp Bond UCITS ETFiSharesBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match	iShares $ Treasury Bond 1-3yr UCITS ETFiSharesBroader match
Why it's similar	This is the fund on this page.	BondsUnknownPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.	BondsPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index	S&P High Yield Dividend Aristocrats Index
Yearly fee (TER)	0.40%	0.35%	0.10%	0.11%	0.11%	0.07%	0.07%
All-in cost	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Fund size	€23.9M	€19.1B	€12.5B	€12.4B	€12.4B	€10.9B	€10.9B
Domicile	United States	United States	Ireland	Ireland	Ireland	Ireland	Ireland
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	+0.1%	+7.0%	+2.5%	+6.9%		+5.9%	+4.4%
5-yr return p.a.	-2.2%	+4.8%	+0.0%			+2.8%	+1.8%
# holdings	74	158	97	4,156	4,156	97	97

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Data as of 2026-07-20 · Source: issuer data, compiled by Finance Hamster

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