State Street Investment ManagementMuni National LongTFI · NYSE Arca

State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)

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Price: $44.13; —30 Oct 2026
Assets: $2.8B; Total net assets
Expense ratio: 0.23%; Category 0.75%
Yield: 3.77%; Trailing distributions

1Y return: -0.2%0.0%; Category -0.2%
3Y CAGR: 4.1%-1.6%; Category 5.7%
5Y CAGR: -0.3%+0.2%; Category -0.5%

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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	+3.5%	-0.8%	-1.4%	-0.8%	-0.2%	+4.1%	-0.3%	+1.3%	+2.8%
Muni National Long average	3.7%	-1.4%	-1.8%	-0.3%	-0.2%	5.7%	-0.5%	1.6%	2.1%
Difference	-0.2%	+0.6%	+0.5%	-0.5%	0.0%	-1.6%	+0.2%	-0.3%	+0.7%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA16.5%
AA57.5%
A21.9%
BBB4.1%
BB0.1%

Asset mix

Bonds99.2%
Cash0.8%

ETF details

Issuer: State Street Investment Management
Category: Fixed Income · Muni National Long
Ticker: TFI
Exchange: NYSE Arca
Inception: 11 Sept 2007 (19.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.23% (category 0.75%)
Holdings turnover: 38% (category 32%)
Distribution yield: 3.77%
Beta, 3 years: 1.05
Total net assets: $2.8B
Average duration: 4.76 years
Average maturity: 9.79 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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