State Street will liquidate the State Street Nuveen Municipal Bond ETF following an August 20 board decision. The fund will continue trading and creating or redeeming shares through February 17, 2027, before ceasing operations and liquidating around February 23. As the portfolio winds down, it will increase cash and cash-equivalent holdings and may no longer follow its normal investment strategy. Investors remaining through liquidation are expected to receive cash at NAV around February 24, with proceeds generally resulting in a capital gain or loss for tax purposes.