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SPDR® Nuveen Blmbg Barclays Muni Bd ETF TFI

Analyst rating as of
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Morningstar’s Analysis

Will TFI outperform in future?

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

A limited upside curbs the potential for this strategy.

Summary

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SPDR Nuveen Bloomberg Barclays Municipal Bond ETF TFI provides broad exposure to the investment-grade, tax-exempt U.S. municipal-bond market, but is unlikely to offer attractive risk-adjusted performance relative to its peer group over the full market cycle because it limits its holdings to AAA and AA rated debt. This limits its potential to deliver returns that beat the national muni long Morningstar Category average, justifying a Morningstar Analyst Rating of Neutral.

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