# Portfolio overlap — MBND vs CIK0001503290 Comparing **State Street(R) Nuveen Municipal Bond ETF** (2026-03-31) and **abrdn Income Credit Strategies Fund** (2026-01-31). - Shared positions: 1 - State Street(R) Nuveen Municipal Bond ETF covered by abrdn Income Credit Strategies Fund: 0.02234735637870680183981097445 - abrdn Income Credit Strategies Fund covered by State Street(R) Nuveen Municipal Bond ETF: 0.02234735637870680183981097445 ## State Street(R) Nuveen Municipal Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | ARIZONA BRD OF RGTS | 0.029191 | | | UT TELECOM OPEN INFR | 0.028210 | | | NEW YORK CITY NY INDL DEV AGY REVENUE | 0.027532 | | | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE | 0.027440 | | | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST | 0.026024 | | | Southeast Energy Authority, Alabama, A Cooperative District Energy Supply Revenue Bonds Series 2024A | 0.024385 | | | TRIBOROUGH NY BRIDGE TUNNEL TRBGEN 12/34 FIXED 5 | 0.024350 | | | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | 0.023328 | | | MAIN STR NAT GA 5% MT | 0.023327 | | | FT BEND TX ISD 4% 2/15/2033 | 0.022757 | | | State Street Navigator Securities Lending Portfolio II | 0.022347 | ✓ | | POWERSOUTH ENERGY COOPERATIVE 5.0% 01-01-48 | 0.022073 | | | OK TPK AUTH-A | 0.021538 | | | State of Ohio | 0.020610 | | | MICHIGAN ST UNIV REVENUES | 0.019957 | | | Trails at Crowfoot Metropolitan District No 3 5.00% 12/01/2039 | 0.019620 | | | NJ TPK AUTH-B | 0.019529 | | | UNITED STATES STEEL CORP 5.45% 09-01-52 | 0.019431 | | | California Community Choice Financing Authority, Series 2023 E-1 | 0.019397 | | | UNIV OF TEXAS TX UNIV REVENUES | 0.018977 | | | TX PRIVATE ACTIVITY | 0.018673 | | | MUNIBOND | 0.018475 | | | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE | 0.018198 | | | Maricopa County Pollution Control Corp., Series 2010 B | 0.018162 | | | MIAMI-DADE COUNTY-REV | 0.018008 | | | KENTUCKY ST ECON DEV FIN AUTH REGD OID B/E 4.25000000 | 0.016533 | | | NEW HOPE EDU FACS-A-1 | 0.015463 | | | TRIBOROUGH NY BRIDGE TUNNEL TRBGEN 12/33 FIXED 5 | 0.015144 | | | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE | 0.014153 | | | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | 0.013876 | | | San Francisco (City & County of), CA Special Tax District No. 2020-1, Series 2023, RB | 0.013290 | | | RIVERSIDE HEALTHCARE ASSOCIATION OBLIGATED GROUP AG 5.25% 07-01-48 | 0.013226 | | | RICHMOND CNTY GA HOSP AUTH REVENUE ANTICIPATION CTFS | 0.012487 | | | NTHRN IL UNIV -B | 0.012485 | | | Louisiana Public Facilities Authority | 0.011429 | | | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE | 0.011115 | | | WASTE PRO USA INC (MPT) 6.125% 07-01-32 | 0.011026 | | | FLORIDA ST DEV FIN CORP SOL WS REGD N/C B/E AMT 4.50000000 | 0.010968 | | | MWAA DULLES TOL 4% 10/1/2038 | 0.010862 | | | OLATHE KS | 0.010847 | | | CTR PLN ENG GAS 5% MT | 0.010683 | | | Preserve at South Branch Community Development District | 0.010514 | | | TN ENERGY | 0.010179 | | | NY TRANSPRTN DEV -AMT | 0.010068 | | | State of California, Series 2025, GO Bonds | 0.009990 | | | SAN ANTONIO TX | 0.009926 | | | UTAH ST ASSOCIATED MUNI PWR SYS REVENUE | 0.009893 | | | FLORIDA ST DEV FIN CORP REGD V/R B/E AMT 10.00000000 | 0.009884 | | | Chicago O'Hare International Airport | 0.009861 | | | Orange County Community Facilities District 5.00% 08/15/2037 | 0.009629 | | ## abrdn Income Credit Strategies Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | State Street Navigator Securities Lending Portfolio II | 0.055428 | ✓ | | ENQUEST PLC REGD 144A P/P 11.62500000 | 0.022271 | | | Very Group Funding Plc/The | 0.020656 | | | MAJORDRIVE HOLDINGS IV L SR UNSECURED 144A 06/29 6.375 | 0.017560 | | | Project Grand UK PLC | 0.017430 | | | Bracken MidCo1 PLC | 0.017205 | | | Summer BidCo BV, Series PIYC | 0.015357 | | | 888 ACQUISITIONS LTD /EUR/ REGD 144A P/P 8.00000000 | 0.014472 | | | Sherwood Financing PLC | 0.014178 | | | Laboratoire Eimer SELAS | 0.014090 | | | AFFINITY INTERACTIVE SR SECURED 144A 12/27 6.875 | 0.014062 | | | Summer BidCo BV | 0.012949 | | | CD&R Firefly Bidco Limited 2025 GBP Term Loan | 0.012557 | | | Bellis Acquisition Co PLC | 0.012540 | | | Iceland Bondco PLC | 0.012358 | | | Cheplapharm Arzneimittel GmbH | 0.012151 | | | Venture Global LNG, Inc. | 0.011981 | | | SHEARE 9.625 09/15/32 144A | 0.011646 | | | DOTMER 7.625 06/15/32 144A | 0.011537 | | | SES SA | 0.011529 | | | Waga Bondco Ltd. | 0.011428 | | | Market Bidco Finco PLC | 0.011426 | | | Stonegate Pub Co Financing 2019 PLC | 0.011101 | | | PHOENIX AVIATION CAPITAL REGD 144A P/P 9.25000000 | 0.010645 | | | Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual | 0.010509 | | | CABO 4 11/15/30 | 0.010408 | | | CMPR 7.375 09/15/32 144A | 0.010238 | | | Sigma Holdco BV | 0.009986 | | | UTB Partners PLC | 0.009982 | | | FIBERCOP SPA SR SECURED 144A 06/38 7.721 | 0.009954 | | | PETROLEOS MEXICANOS SR UNSEC 5.95% 01-28-31 | 0.009934 | | | ASTON MARTIN CAPITAL HOL SR SECURED 144A 03/29 10 | 0.009894 | | | CRGYFN 7.625 04/01/32 144A | 0.009835 | | | COGENT COMMUNICATIONS GROUP LL SR SECURED 144A 07/32 6.5 | 0.009728 | | | Virgin Media O2 Vendor Financing Notes VII DAC | 0.009720 | | | Summer BidCo BV | 0.009632 | | | INEOS Finance PLC | 0.009357 | | | SAMARCO MINERACAO SA REG S SR UNSEC PIK 9.0% 06-30-31/12-30-25 | 0.009342 | | | CELANESE US HOLDINGS LLC SR UNSEC 7.0% 02-15-31 | 0.008399 | | | Consolidated Energy Finance SA | 0.008346 | | | Stonegate Pub Company Financing 2019 PLC | 0.008273 | | | CYH 10.875 01/15/32 144A | 0.008217 | | | Digicel International Finance Ltd / Difl US LLC | 0.008217 | | | PrestigeBidCo GmbH | 0.008069 | | | Cidron Aida Finco Sarl | 0.007992 | | | TrueNoord Capital DAC | 0.007991 | | | ORGANON & CO/ORGANON FOR REGD 144A P/P 7.87500000 | 0.007961 | | | Aroundtown SA | 0.007930 | | | First Quantum Minerals Ltd. | 0.007925 | | | Hilcorp Energy I, L.P. | 0.007796 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-055552` (as of 2026-03-31) - N-PORT (fund B) — accession `0001410368-26-029997` (as of 2026-01-31) --- _Informational only — not investment advice. 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