USX:MBND - SPDR Nuveen Municipal Bond ETF SPDR Nuveen Municipal Bond ETF
Sector: Unknown, Industry: Unknown
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USD 27.51    -0.01 (-0.04%)

27 Mar 2024


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Description

Normally, the fund invests at least 80% of its net assets in municipal bonds that pay income that is exempt from regular federal income tax. Its investment portfolio will consist primarily of municipal bonds rated A3/A-/A- or higher by an independent rating agency; however the fund may invest in municipal bonds of any credit quality, including up to 20% of its net assets in low- to medium-quality bonds rated Baa1/BBB+/BBB+ or lower. The fund is non-diversified.

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