State Street SPDR Nuveen ICE Municipal Bond ETF

Frequently Asked Questions About TFI

What does TFI invest in?

The fund invests substantially all, but atleast 80%, of its total assets in the securities comprising the index and in securities that the adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to track the performance of U.S. dollar denominated investment grade tax-exempt debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market.

What is the expense ratio of TFI?

State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) charges an expense ratio of 0.23%. This is the annual fee deducted from fund assets to cover management and operations.

What is TFI's dividend yield?

TFI's trailing-twelve-month yield is 3.58%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TFI?

Effective duration measures TFI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TFI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TFI?

TFI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TFI?

Yield to maturity (YTM) is the total return you'd earn from TFI if every bond in the portfolio is held to maturity at the current price. TFI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.