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Morningstar

SPDR® Nuveen Blmbg Muni Bd ETF TFI ETF Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See State Street Investment Hub

Morningstar’s Analysis TFI

Will TFI outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TFI’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TFI management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TFI’s parent organization’s priorities and whether they’re in line with investors’ interests.

Legacy exclusions limit this strategy's effectiveness.

Director Bryan Armour

Bryan Armour

Director

Summary

We have qualitatively reviewed this strategy and reaffirmed its Above Average People and Below Average Process ratings. SPDR Nuveen Bloomberg Municipal Bond ETF TFI remains a low-risk and relatively low-cost option for municipal bonds. But index requirements leave out portions of the municipal bond market, allowing peers to find an advantage. The following text is from Dec. 20, 2022.

by Bryan Armour
Rated on Published on

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