State Street Investment ManagementMuni National LongTFI · NYSE Arca

State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)

Compare Muni National Long ETFs Compare with others

Price: $43.79; —11 Sept 2026
Assets: $3.1B; Total net assets
Expense ratio: 0.23%; Category 0.75%
Yield: 3.59%; Trailing distributions

1Y return: -0.3%-0.7%; Category 0.4%
3Y CAGR: 2.3%-1.3%; Category 3.6%
5Y CAGR: -0.7%+0.2%; Category -1.0%

Loading NAV history…

State Street SPDR Nuveen ICE Municipal Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-2.5%	-3.0%	-2.5%	-1.9%	-0.3%	+2.3%	-0.7%	+1.1%	+2.8%
Muni National Long average	-3.0%	-3.4%	-2.2%	-1.3%	0.4%	3.6%	-1.0%	1.3%	2.0%
Difference	+0.5%	+0.4%	-0.3%	-0.6%	-0.7%	-1.3%	+0.2%	-0.2%	+0.8%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA16.8%
AA57.2%
A22.1%
BBB3.9%
BB0.1%
Other0.0%

Asset mix

Bonds99.1%
Cash0.9%

ETF details

Issuer: State Street Investment Management
Category: Fixed Income · Muni National Long
Ticker: TFI
Exchange: NYSE Arca
Inception: 11 Sept 2007 (19.0 years)
Structure: Exchange Traded Fund
Expense ratio: 0.23% (category 0.75%)
Holdings turnover: 33% (category 32%)
Distribution yield: 3.59%
Beta, 3 years: 1.08
Total net assets: $3.1B
Average duration: 4.74 years
Average maturity: 10.22 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

Other muni national long ETFs

Other ETFs in the Muni National Long category.

Compare Muni National Long ETFs