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Morningstar

SPDR® Nuveen Blmbg Muni Bd ETF TFI

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.

This fund's legacy exclusions come with opportunity costs.

Director Bryan Armour

Bryan Armour

Director

Summary

SPDR Nuveen Bloomberg Municipal Bond ETF TFI is a low-risk option for exposure to the municipal-bond market. But its defensive stance and index exclusions limit its ability to keep pace with category peers, supporting a Morningstar Analyst Rating of Neutral.

by Bryan Armour
Rated on Published on

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Portfolio Holdings TFI

More TFI Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 2101
  • Other Holdings 13
  • % Assets in Top 10 Holdings 5.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ssi Us Gov Money Market Class State Street Inst Us Gov

1.22
45,727,415
Cash and Equivalents

UNIVERSITY CALIF REVS 5%

0.91
34,056,405
municipal

NEW YORK N Y 5.25%

0.60
22,525,550
municipal

DISTRICT COLUMBIA INCOME TAX REV 5%

0.49
18,211,412
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5%

0.46
17,300,969
municipal

NEW YORK N Y 5%

0.45
16,919,676
municipal

UNIVERSITY CALIF REVS 5%

0.45
16,909,008
municipal

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5%

0.45
16,790,098
municipal

CALIFORNIA ST PUB WKS BRD LEASE REV 5%

0.42
15,699,934
municipal

MASSACHUSETTS ST 5.25%

0.41
15,530,502
municipal