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ETFs

SPDR Nuveen Municipal Bond ESG ETF

MBNE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 4, 2022
Expense Ratio
0.43%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$27,278
AUM
$35,831,212
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
IDSGEN 4.000 08/15/48
2.55%
n/a
DAL 3.125 02/15/35
2.37%
n/a
MFDMED 5.000 08/15/37
2.17%
n/a
PTSGEN 5.000 04/01/35
2.15%
n/a
MISHSG 4.700 12/01/43
2.11%
n/a
Wisconsin 4 % Bonds 2017-01.04.39 Froedtert Health Inc Obligated Ser2017A
2.09%
n/a
DISREV 5.000 08/31/26
2.01%
n/a
GRRPWR 5.000 06/01/39
2.00%
n/a
WAS 5.000 02/01/36
1.97%
n/a
WARFAC 5.000 11/01/39
1.92%
Invest with MBNE

What is MBNE?

MBNE 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 characteristics. The Funds Index Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index is designed to track the U.S. fully tax-exempt bond market. The Index includes state and local general obligation bonds, revenue bonds, pre-refunded bonds, insured bonds and municipal lease obligations. The Index is comprised of tax-exempt municipal securities issued by states, cities, counties, districts and their respective agencies, authorities and instrumentalities.

ETFs related toMBNE

ETFs correlated to MBNE include SCMB, JMUB, IBMP

MBNE
SPDR Series Trust - SPDR Nuveen Municipal Bond ESG ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
MUNI
Pimco Exchange Traded Fund - PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMBNE

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MBNE using Composer

FAQ

MBNE is a US Bonds ETF. MBNE 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 characteristics. The Funds Index Bloomberg 3-15 Year Blend (2-17) Municipal Bond Index is designed to track the U.S. fully tax-exempt bond market. The Index includes state and local general obligation bonds, revenue bonds, pre-refunded bonds, insured bonds and municipal lease obligations. The Index is comprised of tax-exempt municipal securities issued by states, cities, counties, districts and their respective agencies, authorities and instrumentalities.

Yes, MBNE is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MBNE is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MBNE is -0.0108%. This is the percent change in the value of MBNE over the most recent 1-month period. The 3-month return on MBNE is -0.0229%. This is the percent change in the value of MBNE over the most recent 3-month period.

The standard deviation of MBNE for the past year is 0.0311%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MBNE include SUB, HYD, and MUB.

ETFs correlated to MBNE include SCMB, JMUB, and IBMP.

ETFs that are inversely correlated to MBNE include TMV, TBF, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.