MBNE Fees and Costs — SPDR(R) Nuveen Municipal Bond ESG ETF
Data updated: 2026-05-28
The net expense ratio is 0.43%. There are no sales loads or redemption fees. Portfolio turnover was 39%.
MBNE Fees and Expenses
Annual operating expenses and sales charges of MBNE. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.43% |
| Fee waiver | — |
| Net expense ratio | 0.43% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MBNE Costs Over Time
On $10,000 invested in MBNE, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.43%) | $45 | $142 | $247 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,428 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
MBNE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $76.4M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
MBNE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $27.5M | 43.31% |
| BNY Capital Markets, LLC | $11.5M | 18.12% |
| J.P. Morgan Securities LLC | $5.6M | 8.88% |
| Morgan Stanley & Co. LLC | $4.0M | 6.27% |
| RBC Capital Markets, LLC | $3.4M | 5.30% |
| BofA Securities, Inc. | $2.8M | 4.45% |
| Stifel, Nicolaus & Company, Incorporated | $2.3M | 3.61% |
| Cabrera Capital Markets LLC | $2.2M | 3.52% |
| Shank Williams Cisneros, LLC | $2.1M | 3.35% |
| Wells Fargo Securities, LLC | $2.0M | 3.19% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.