TFI: SPDR® Nuveen Bloomberg Barclays Municipal Bond ETF

NAV

$52.07

as of Sep 24 2020

Base Currency

USD

Assets Under Management

$3,293.17 M

as of Sep 24 2020

Gross Expense Ratio

0.30%

Quick Links

Key Features

The SPDR^® Nuveen Bloomberg Barclays Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays Municipal Managed Money 1-25 Years Index
Seeks to provide exposure to the publicly traded municipal bonds that cover the U.S. dollar denominated long term tax exempt bond market, including state and local general obligation bonds, revenue bonds, pre-refunded bonds, and insured bonds
The Index excludes bonds subject to Alternative Minimum Tax
Rebalanced on the last business day of the month

About this Benchmark

The Bloomberg Barclays Municipal Managed Money 1-25 Years Index is designed to track the U.S. long term tax-exempt bond market, including state and local general obligation bonds, revenue bonds, pre-refunded bonds, and insured bonds. The Index is comprised of tax-exempt municipal securities issued by states, cities, counties, districts and their respective agencies. A general obligation bond is secured by the full faith and credit of its issuer.

Fund Information as of Sep 24 2020

Benchmark	Inception Date	Options Available	Gross Expense Ratio Gross Expense Ratio The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.	Net Expense Ratio ^ SSGA Funds Management, Inc. (the "Adviser") has contractually agreed to waive its management fee and reimburse certain expenses, until October 31, 2020, so that the net annual Fund operating expenses, before application of any fees and expenses not paid by the Adviser pursuant to the Investment Advisory Agreement, if any, are limited to 0.23% of the Fund's average daily net assets. The contractual fee waiver does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and the waiver and/or reimbursement may be cancelled or modified at any time after October 31, 2020. This waiver and/or reimbursement may not be terminated prior to October 31, 2020 except with the approval of the Fund's Board of Trustees.	Base Currency	Sub-advisor
Bloomberg Barclays Municipal Managed Money 1-25 Years Index	Sep 11 2007	Yes	0.30%	0.23%	USD	Nuveen Asset Management, LLC

Benchmark	Bloomberg Barclays Municipal Managed Money 1-25 Years Index
Inception Date	Sep 11 2007
Options Available	Yes
Gross Expense Ratio Gross Expense Ratio The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.	0.30%
Net Expense Ratio ^ SSGA Funds Management, Inc. (the "Adviser") has contractually agreed to waive its management fee and reimburse certain expenses, until October 31, 2020, so that the net annual Fund operating expenses, before application of any fees and expenses not paid by the Adviser pursuant to the Investment Advisory Agreement, if any, are limited to 0.23% of the Fund's average daily net assets. The contractual fee waiver does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver and/or reimbursement from year to year, but there is no guarantee that the Adviser will do so and the waiver and/or reimbursement may be cancelled or modified at any time after October 31, 2020. This waiver and/or reimbursement may not be terminated prior to October 31, 2020 except with the approval of the Fund's Board of Trustees.	0.23%
Base Currency	USD
Sub-advisor	Nuveen Asset Management, LLC

Investment Manager	Distributor	Distribution Frequency
SSGA Funds Management, Inc.	State Street Global Advisors Funds Distributors, LLC	Monthly

Investment Manager	SSGA Funds Management, Inc.
Distributor	State Street Global Advisors Funds Distributors, LLC
Distribution Frequency	Monthly

Listing Information as of Sep 24 2020

Exchange	Listing Date	Trading Currency	Ticker	CUSIP	ISIN
NYSE ARCA EXCHANGE	Sep 17 2007	USD	TFI	78468R721	US78468R7219

Exchange	NYSE ARCA EXCHANGE
Listing Date	Sep 17 2007
Trading Currency	USD
Ticker	TFI
CUSIP	78468R721
ISIN	US78468R7219

Fund Characteristics as of Sep 25 2020

Number of Holdings	Average Coupon Average Coupon The [market value] weighted average coupon of the bonds in a portfolio.	Average Maturity in Years Average Maturity The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.	Average Price	Average Yield To Worst The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.	Current Yield Current Yield A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.	Option Adjusted Duration Option Adjusted Duration An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.
2,847	4.71%	7.75	$118.75	1.00%	3.88%	6.10 years

Number of Holdings	2,847
Average Coupon Average Coupon The [market value] weighted average coupon of the bonds in a portfolio.	4.71%
Average Maturity in Years Average Maturity The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.	7.75
Average Price	$118.75
Average Yield To Worst The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.	1.00%
Current Yield Current Yield A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.	3.88%
Option Adjusted Duration Option Adjusted Duration An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.	6.10 years

Yield to Maturity Yield to Maturity The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.
1.88%

Yield to Maturity

1.88%

Index Characteristics as of Sep 25 2020

Number of Holdings	Average Maturity in Years	Average Price	Average Yield To Worst	Current Yield	Option Adjusted Duration	Real Adjusted Duration
20,988	7.82	$119.95	1.04%	3.80%	5.89 years	-

Number of Holdings	20,988
Average Maturity in Years	7.82
Average Price	$119.95
Average Yield To Worst	1.04%
Current Yield	3.80%
Option Adjusted Duration	5.89 years
Real Adjusted Duration	-

Yield to Maturity
1.90%

Yield to Maturity

1.90%

Yields as of Sep 24 2020

30 Day SEC Yield 30 Day SEC Yield (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.	30 Day SEC Yield (Unsubsidized) 30 Day SEC Yield (Unsubsidized) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.	Fund Dividend Yield Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.	Tax Equivalent Yield Taxable Equivalent Yield Return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. Tax equivalent yield is based on the Fund's 30 Day SEC Yield and the highest marginal federal income tax rate.
0.78%	0.71%	2.00%	1.31%

30 Day SEC Yield 30 Day SEC Yield (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.	0.78%
30 Day SEC Yield (Unsubsidized) 30 Day SEC Yield (Unsubsidized) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.	0.71%
Fund Dividend Yield Fund Dividend Yield The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.	2.00%
Tax Equivalent Yield Taxable Equivalent Yield Return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. Tax equivalent yield is based on the Fund's 30 Day SEC Yield and the highest marginal federal income tax rate.	1.31%

Fund Market Price as of Sep 24 2020

Bid/Ask Bid/Ask Mid Point (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.	Closing Price Closing Price Market Price of last reported trade on the exchange.	Day High	Day Low	Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.	Premium/Discount Premium/Discount to NAV Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)
$52.03	$52.01	$52.05	$52.00	31,733	-0.07%

Bid/Ask Bid/Ask Mid Point (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.	$52.03
Closing Price Closing Price Market Price of last reported trade on the exchange.	$52.01
Day High	$52.05
Day Low	$52.00
Exchange Volume (Shares) Exchange Volume (shares) Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.	31,733
Premium/Discount Premium/Discount to NAV Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)	-0.07%

Premium Discount to Nav

Quarter

x axis: # of days

y axis: # Premium/Discount percentage

Fund Data

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Fund Net Cash Amount as of Sep 24 2020

Net Cash Amount
$28,417,602.59

Net Cash Amount

$28,417,602.59

Fund Net Asset Value as of Sep 24 2020

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	Shares Outstanding	Assets Under Management
$52.07	63.25 M	$3,293.17 M

NAV NAV The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.	$52.07
Shares Outstanding	63.25 M
Assets Under Management	$3,293.17 M

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: Sep 11 2007

Performance

Month End Quarter End

as of Aug 31 2020

as of Jun 30 2020

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Sep 11 2007
Fund Before Tax
NAV	Aug 31 2020	-0.54%	0.97%	4.05%	3.58%	4.05%	3.98%	3.76%	4.33%
Market Value	Aug 31 2020	-0.55%	1.05%	4.00%	3.51%	4.03%	4.02%	3.76%	4.32%
Bloomberg Barclays Municipal Managed Money 1-25 Years Index	Aug 31 2020	-0.73%	0.95%	4.34%	4.03%	4.43%	4.30%	4.09%	4.67%
Fund After Tax
Return after Taxes on Distributions	Aug 31 2020	-0.61%	0.84%	3.55%	3.08%	3.88%	3.86%	3.65%	4.24%
Return after Taxes on Distributions and Sale of Fund Shares	Aug 31 2020	-0.32%	0.58%	2.39%	2.47%	3.44%	3.47%	3.44%	3.98%
Bloomberg Barclays Municipal Managed Money 1-25 Years Index	Aug 31 2020	-0.73%	0.95%	4.34%	4.03%	4.43%	4.30%	4.09%	4.67%

	As Of	1 Month	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception Sep 11 2007
Fund Before Tax
NAV	Jun 30 2020	0.23%	2.86%	3.04%	5.20%	4.25%	4.03%	4.10%	4.31%
Market Value	Jun 30 2020	-0.05%	3.83%	2.92%	5.23%	4.26%	4.03%	4.07%	4.30%
Bloomberg Barclays Municipal Managed Money 1-25 Years Index	Jun 30 2020	0.24%	3.04%	3.36%	5.75%	4.65%	4.36%	4.42%	4.65%
Fund After Tax
Return after Taxes on Distributions	Jun 30 2020	0.16%	2.65%	2.69%	4.84%	4.12%	3.94%	4.00%	4.23%
Return after Taxes on Distributions and Sale of Fund Shares	Jun 30 2020	0.14%	1.69%	1.80%	3.59%	3.65%	3.54%	3.74%	3.98%
Bloomberg Barclays Municipal Managed Money 1-25 Years Index	Jun 30 2020	0.24%	3.04%	3.36%	5.75%	4.65%	4.36%	4.42%	4.65%

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized. Performance is shown net of fees.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Prior to 1/2/2019, the Fund sought to track the Bloomberg Barclays Municipal Managed Money Index. Effective 1/2/2019, the Fund seeks to track the Bloomberg Barclays Municipal Managed Money 1-25 Years Index. The inception of the Bloomberg Barclays Municipal Managed Money 1-25 Years Index was 11/1/2018. Performance of the Fund shown in the table prior to 1/2/2019 is therefore based on the Fund's investment strategy to track an index different from the Bloomberg Barclays Municipal Managed Money 1-25 Years Index.

The Bloomberg Barclays Municipal Managed Money 1-25 Years Index reflects linked performance returns of both the Bloomberg Barclays Municipal Managed Money 1-25 Years Index and the Bloomberg Barclays Municipal Managed Money Index. The index returns are reflective of the Bloomberg Barclays Municipal Managed Money Index from fund inception until 1/2/2019 and of the Bloomberg Barclays Municipal Managed Money 1-25 Years Index effective 1/2/2019.

Gross Expense Ratio: 0.30%

Net Expense Ratio: 0.23%

Top Holdings
Subject to change.

Top Holdings

Fund Top Holdingsas of Sep 25 2020

Fund Top Holdings as of Sep 25 2020

Name	Market Value	ISIN	Weight
BAY AREA CA TOLL AUTH TOLL BRI	26,093,524.00	US072024VU34	0.79%
MARYLAND ST	18,885,984.00	US574193RU48	0.57%
OHIO ST WTR DEV AUTH POLL CONT	18,343,425.00	US677660UZ35	0.56%
NEW YORK CITY NY MUNI WTR FINA	14,033,502.00	US64972GXB57	0.43%
NEW YORK NY	13,923,303.00	US64966QCQ10	0.42%
NEW YORK ST URBAN DEV CORP REV	13,773,186.00	US6500357U61	0.42%
CALIFORNIA ST	13,448,350.00	US13063DQY75	0.41%
HOUSTON TX	13,175,022.00	US4423315B62	0.40%
CALIFORNIA ST	12,101,135.00	US13063DDR61	0.37%
NORTH CAROLINA ST	11,704,999.00	US6582564H24	0.36%

Download All Holdings: Daily
Centralized Systematic Valuation Aggregated Cash Flow (ACF) File »

Sector Allocation

Fund Sector Breakdownas of Sep 25 2020

Index Sector Breakdownas of Sep 25 2020

Fund Sector Breakdown as of Sep 25 2020

Sector	Weight
Muni State	22.34%
Muni Local	22.32%
Muni Special Tax	14.52%
Muni Water & Sewer	14.14%
Muni Education	9.89%
Muni Leasing	6.53%
Muni Transportation	6.46%
Muni Power	3.45%
Muni Industrial Revenue	0.39%
Muni Health Care	0.07%
Not Classified	-0.10%

Index Sector Breakdown as of Sep 25 2020

Sector	Weight
Muni Local	24.51%
Muni State	22.66%
Muni Special Tax	14.93%
Muni Water & Sewer	12.58%
Muni Education	7.71%
Muni Transportation	6.93%
Muni Leasing	5.81%
Muni Power	4.62%
Muni Industrial Revenue	0.24%
Muni Solid Waste/Res Recovery	0.02%

Quality Breakdown

Fund Quality Breakdownas of Sep 25 2020

Index Quality Breakdownas of Sep 25 2020

Fund Quality Breakdown as of Sep 25 2020

Name	Weight
Aaa	25.90%
Aa	73.29%
A	0.76%
Baa	0.01%
NR	0.00%
Not Classified	0.03%

Index Quality Breakdown as of Sep 25 2020

Name	Weight
Aaa	26.85%
Aa	73.15%

Maturity Ladder

Fund Maturity Ladderas of Sep 25 2020

Index Maturity Ladderas of Sep 25 2020

Fund Maturity Ladder as of Sep 25 2020

Name	Weight
0- 1 Year	0.40%
1- 3 Year	7.93%
3- 5 Year	9.74%
5- 7 Year	10.33%
7- 10 Year	15.59%
10- 15 Year	23.49%
15- 20 Year	17.99%
20- 25 Year	13.37%
25- 30 Year	1.08%
30+ Year	0.05%
Not Classified	0.03%

Index Maturity Ladder as of Sep 25 2020

Name	Weight
1-2 Year	3.53%
2- 3 Year	3.95%
3- 5 Year	9.24%
5- 7 Year	10.91%
7- 10 Year	16.00%
Not Classified	56.38%

Top Ten States

Fund Top Ten Statesas of Sep 25 2020

Fund Top Ten States as of Sep 25 2020

Name	Weight
Name	Weight
CALIFORNIA-CA	19.23%
NEW YORK-NY	18.25%
TEXAS-TX	11.94%
MASSACHUSETTS-MA	4.67%
WASHINGTON-WA	4.44%
MARYLAND-MD	4.33%
FLORIDA-FL	3.41%
OHIO-OH	2.55%
VIRGINIA-VA	2.44%
DIST OF COLUMBIA-DC	2.01%

Fund Documents

Tax Documents

Information & Schedules

Insights & Resources

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions may apply.

Fund Footnotes

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Unless otherwise noted all information contained herein is that of the SPDR Nuveen Bloomberg Barclays Municipal Bond ETF.

State Street Global Advisors Funds Distributors, LLC is the distributor for some registered products on behalf of the advisor. SSGA Funds Management, Inc. has retained Nuveen Asset Management as the sub-advisor. State Street Global Advisors Funds Distributors, LLC is not affiliated with Nuveen Asset Management.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

BLOOMBERG^®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS^®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.

SPDR® Nuveen Bloomberg Barclays Municipal Bond ETF TFI

Important Risk Disclosure

Key Features

About this Benchmark

Fund Information as of Sep 24 2020

Listing Information as of Sep 24 2020

Fund Characteristics as of Sep 25 2020

Index Characteristics as of Sep 25 2020

Yields as of Sep 24 2020

Fund Market Price as of Sep 24 2020

Premium Discount to Nav

Fund Net Cash Amount as of Sep 24 2020

Fund Net Asset Value as of Sep 24 2020

Fund Performance

Top Holdings
Subject to change.

Fund Top Holdings as of Sep 25 2020

Sector Allocation

Fund Sector Breakdown as of Sep 25 2020

Index Sector Breakdown as of Sep 25 2020

Quality Breakdown

Fund Quality Breakdown as of Sep 25 2020

Index Quality Breakdown as of Sep 25 2020

Maturity Ladder

Fund Maturity Ladder as of Sep 25 2020

Index Maturity Ladder as of Sep 25 2020

Top Ten States

Fund Top Ten States as of Sep 25 2020

Purchase Information

SPDR® Nuveen Bloomberg Barclays Municipal Bond ETF TFI

Important Risk Disclosure

Key Features

About this Benchmark

Fund Information as of Sep 24 2020

Listing Information as of Sep 24 2020

Fund Characteristics as of Sep 25 2020

Index Characteristics as of Sep 25 2020

Yields as of Sep 24 2020

Fund Market Price as of Sep 24 2020

Premium Discount to Nav

Fund Net Cash Amount as of Sep 24 2020

Fund Net Asset Value as of Sep 24 2020

Fund Performance

Top HoldingsSubject to change.

Fund Top Holdings as of Sep 25 2020

Sector Allocation

Fund Sector Breakdown as of Sep 25 2020

Index Sector Breakdown as of Sep 25 2020

Quality Breakdown

Fund Quality Breakdown as of Sep 25 2020

Index Quality Breakdown as of Sep 25 2020

Maturity Ladder

Fund Maturity Ladder as of Sep 25 2020

Index Maturity Ladder as of Sep 25 2020

Top Ten States

Fund Top Ten States as of Sep 25 2020

Purchase Information

Top Holdings
Subject to change.