SPDR Nuveen Municipal Bond Fund (MBND)
BATS BATS Primary Summary
MBND Chart
SPDR Nuveen Municipal Bond Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Christopher C. Powers Farther Finance Advisors, LLC | 36,451 | $993,662 | $987,639.84 | -$6,022.16 | -0.61% |
 Kyle Jones Pineridge Advisors LLC | 63,276 | $1.74M | $1.72M | -$22,682.55 | -1.3% |
SPDR Nuveen Municipal Bond Fund (MBND) FAQ
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SPDR Nuveen Municipal Bond Fund Profile
| BATS Exchange | US Country |
Overview
The described company appears to be a financial institution focused on investment in municipal bonds. It commits at least 80% of its net assets to municipal bonds that offer income exempt from regular federal income tax. The firm's investment strategy emphasizes bonds rated A3/A-/A- or higher, indicating a preference for securities considered to be in the upper medium grade and low credit risk. Moreover, the entity is open to diversifying its portfolio by investing in bonds of any credit quality, including up to 20% in bonds rated Baa1/BBB+/BBB+ or lower, which are considered medium or low in credit quality. The stated approach suggests a moderate risk tolerance aimed at providing tax-exempt income while maintaining a focus on relatively high credit quality municipal bonds. Additionally, the company is described as non-diversified, which could imply a more concentrated investment approach in terms of the number of holdings or exposure to specific bond issuances, sectors, or geographical areas within the municipal bond market.
Products and Services
- Investment in Municipal Bonds:
- Diversified Bond Portfolio:
This service focuses on investing primarily in municipal bonds that provide income exempt from regular federal income tax. These investments mainly target municipal bonds rated A3/A-/A- or higher, offering a balance between safety and returns. The strategy is tailored for investors seeking income that is not subject to federal taxes, with an emphasis on maintaining a high credit quality within the municipal bond sector.
Despite being classified as non-diversified, the entity strategically invests up to 20% of its net assets in municipal bonds rated Baa1/BBB+/BBB+ or lower. This facet of the service allows for diversification into lower-rated bonds, potentially increasing yield while introducing a calculated level of risk into the portfolio. This service is designed for investors looking for a mix of tax-exempt income, credit safety, and a modest level of exposure to higher-yielding, medium to low credit quality bonds.
