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MBNE
+0.24 · +0.82%
$29.17 · BATS

SSGA Active Trust - SPDR Nuveen Municipal Bond ESG ETF (MBNE) ETF Analysis | Muni National Interm

State Street Investment Management · USA
AUM:$11.9M
#– of – in Muni National Interm ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

MBNE returned +2.7% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 0.43% — moderate cost. Consider how fees compound over long holding periods.

What is MBNE?

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in municipal bonds that pay income that is exempt from regular federal income tax. Under normal market conditions, its investment portfolio will consist primarily of municipal bonds rated Baa3/BBB-/BBB- - or higher by Moody's, S&P or Fitch Ratings, Inc.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
MBNE returned 2.7% over the past year.
Moderate Cost
Expense ratio of 0.43%. Consider how fees compound over a long holding period.
Moderate Concentration
Top 10 holdings make up 49.9% of the ETF — a moderate level of name concentration.
ETF Information
AUM$11.9M
Expense Ratio0.43%
Dividend Yield3.57%
Holdings61
Inception DateApr 2022
Domicile–
Distribution–
Index–
ProviderState Street Investment Management
Beta0.87
CategoryMuni National Interm
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+0.3%
1Y
+4.4%
3Y
+9.2%
5Y
+9.7%
OpenBook InsightIf you had invested £10,000 in MBNE 5 years ago, it would have grown to £10,965 — a gain of £965.

Annual Returns

Calendar year performance

MBNE delivered positive returns in 4 of the last 5 calendar years.
YearMBNE
2026 YTD+0.6%
2025+2.3%
2024+1.4%
2023+5.6%
2022-0.7%
CAGR 4yr+2.1%
4/5 positive yearsAvg return: +1.8%Worst year: -0.7% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
2.1%
Low
Momentum
+0.1%
30-day change
Support Level
28.93
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
  • Monitor key support and resistance levels as part of broader risk assessment.
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