SPDR Nuveen Municipal Bond ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$27.53
- Net Assets:$0 Million
- NAV:$27.5
- Premium0.11%
- Peer Rank:38 of 116
- Investment Rating:C-
- Performance:C-
- RiskB-
We rate SPDR Nuveen Municipal Bond at C-. Positive factors that influence this rating include a low price volatility and low expense structure. The fund may be considered for investors seeking a Municipal - National strategy.
Total return ranks below peers over the last three years. The SPDR Nuveen Municipal Bond has returned an annual rate of -1.05% since inception. More recently, the fund has generated a total return of -0.45% in the last three years, 5.71% in the last year, and 4.64% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 33% of them. It has also outpaced 44% of its competitors on a one year basis for the period ending 2/29/2024. On a year to date basis, MBND has returned 0.34%.
Downside risk has been below average. MBND has a draw down risk of -14.41%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 6.5%. This fund has had very little volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As MBND is an exchange traded fund, it has no front end or back end load.
The SPDR Nuveen Municipal Bond is managed by Timothy T. Ryan at SSgA Funds Management Inc. This fund is one of 128 SSgA Funds Management Inc exchange-traded funds launched since 1/22/1993 that we track.