State Street Nuveen Municipal Bond ESG ETF

Frequently Asked Questions About MBNE

What does MBNE invest in?

Seeks to provide current income that is exempt from regular federal income taxes by investing in municipal bonds that exhibit certain environmental, social and governance (“ESG”) characteristicsDesigned to invest in municipal bonds whose issuers are leaders in their sectors in delivering ESG outcomes or whose proceeds are used towards positive environmental or social projects ("thematic bonds")Actively managed by Nuveen, utilizing a value-oriented strategy designed to identify higher-yielding and undervalued municipal bonds meeting certain ESG characteristics

What is the expense ratio of MBNE?

State Street Nuveen Municipal Bond ESG ETF (MBNE) charges an expense ratio of 0.43%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of MBNE?

Effective duration measures MBNE's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MBNE's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of MBNE?

MBNE's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of MBNE?

Yield to maturity (YTM) is the total return you'd earn from MBNE if every bond in the portfolio is held to maturity at the current price. MBNE's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is MBNE?

State Street Nuveen Municipal Bond ESG ETF (MBNE) manages $8.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.