MBND ETF — SPDR Nuveen Municipal Bond ETF

SPDR Nuveen Municipal Bond ETF (MBND)

MBND is an ETF. As of August 19, 2026, its distribution rate is 3.63%, its trailing-12-month yield is 3.52%, its expense ratio is 0.40%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Fund total return is 2.7% over the past 5.5 years, 111.3 points behind SPY at 114.0%.

At the current 3.63% distribution rate, a $10,000 investment would generate approximately $363 per year, or $30.25 per month on an equivalent basis.

SPDR Nuveen Municipal Bond ETF is an exchange-traded fund that invests at least 80% of its assets in investment-grade municipal bonds whose income is exempt from regular federal income tax, with a portfolio primarily consisting of bonds rated Baa3/BBB- or higher. The fund offers a moderate current distribution rate and distributes income monthly, with an expense ratio of 0.40%. It appeals to income-focused investors seeking tax-exempt income from municipal debt.

MBND performance versus SPY

Data as of August 19, 2026.

Fund total return is 2.7% over the past 5.5 years, 111.3 points behind SPY at 114.0%. Its deepest 1-year drawdown was 2.4%.

MBND key facts

Data as of August 19, 2026.

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

3.41%

Issuer

State Street

Asset type

ETF

Asset class

Fixed Income

Inception date

02/04/2021

Expense ratio

0.40%

Distribution rate

3.63%

Distribution frequency

Monthly

Trailing yield

3.52%

Last close

$26.84

AUM

$27,102,285

Average volume

4252.0

Last dividend

$0.0811

Ex-dividend date

08/03/2026

Payment date

08/06/2026

Beta

0.84

How Dividend Vision calculates yield and returns

Distribution rate (3.63%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.52%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: State Street; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MBND risks and drawbacks

MBND's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 2.4%.

Who may consider MBND — and who may not

MBND may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from State Street.