TFI

State Street SPDR Nuveen ICE Municipal Bond ETF

$45.69

+0.00%

Market closed. Last update: 11:42 PM ET

📎 Investment Objective

The SPDR Nuveen ICE Municipal Bond ETF (TFI) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofA Municipal Securities Index.

Overview

ETF tracking State Street SPDR Nuveen ICE Municipal Bond ETF

Category Municipal Bonds

Issuer State Street

Inception Date 2008-11-07

Market Cap $3.3B

Average Volume N/A

Dividend Yield 2.73%

52-Week Range $43.63 - $46.64

VWAP $45.75

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a diversified portfolio of municipal bonds to track the performance of the underlying index. The index includes investment-grade municipal bonds with a minimum maturity of one year.

✨ Key Features

Broad exposure to the municipal bond market
Focuses on investment-grade municipal securities
Low expense ratio of 0.00%
Potential tax-advantaged income for eligible investors

⚠️ Primary Risks

Interest rate risk: Municipal bond prices may decline as interest rates rise
Credit risk: The risk of default or downgrade by municipal bond issuers
Liquidity risk: Potential difficulty selling municipal bonds in a timely manner
Tax risk: Changes in tax laws could affect the tax-exempt status of municipal bond interest

👤 Best For

This ETF may be suitable for investors seeking broad exposure to the municipal bond market, tax-advantaged income, and a low-cost investment option. It may be particularly appealing to investors in higher tax brackets who are looking to generate tax-exempt income.