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.
SPDR® Nuveen Blmbg Muni Bd ETF TFI
Morningstar’s Analysis TFI
Will TFI outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 5.3
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
UNIVERSITY CALIF REVS 5% | 0.97 | 33.3 Mil | municipal |
NEW YORK N Y 5.25% | 0.64 | 22.2 Mil | municipal |
DISTRICT COLUMBIA INCOME TAX REV 5% | 0.52 | 18.0 Mil | municipal |
Ssi Us Gov Money Market Class State Street Inst Us Gov | 0.51 | 17.4 Mil | Cash and Equivalents |
UNIVERSITY CALIF REVS 5% | 0.49 | 16.7 Mil | municipal |
NEW YORK N Y 5% | 0.48 | 16.5 Mil | municipal |
SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 5% | 0.48 | 16.4 Mil | municipal |
MASSACHUSETTS ST 5.25% | 0.45 | 15.4 Mil | municipal |
WASHINGTON ST 5% | 0.44 | 15.2 Mil | municipal |
CALIFORNIA ST 4% | 0.43 | 14.8 Mil | municipal |