SPDR® Nuveen Bloomberg Municipal Bond ETF TFI

NAV
$47.14
as of Feb 02 2023
Base Currency
USD
Assets Under Management
$4,094.57 M
as of Feb 02 2023
Gross Expense Ratio
0.23%

Key Features


  • The SPDR® Nuveen Bloomberg Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg 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  Municipal Managed Money 1-25 Years Index is designed to track the U.S. fully 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 Feb 05 2023

    Benchmark Bloomberg Municipal Managed Money 1-25 Years Index
    Inception Date Sep 11 2007
    Options Available Yes
    Gross Expense Ratio
    0.23%
    Base Currency USD
    Administrator State Street Global Advisors Funds Management Inc.
    Sub-advisor Nuveen Asset Management, LLC
    Investment Manager SSGA Funds Management, Inc.
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Feb 05 2023

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

    Fund Characteristics as of Feb 03 2023

    Number of Holdings 3,324
    Average Coupon
    4.57%
    Average Maturity in Years
    8.62
    Average Price $106.81
    Average Yield To Worst
    2.80%
    Option Adjusted Duration
    6.89 years
    Yield to Maturity
    3.18%

    Index Characteristics as of Feb 03 2023

    Number of Holdings 18,392
    Average Maturity in Years 8.63
    Average Price $107.71
    Average Yield To Worst 2.79%
    Option Adjusted Duration 6.91 years
    Yield to Maturity 3.13%

    Yields as of Feb 02 2023

    30 Day SEC Yield
    2.64%
    30 Day SEC Yield (Unsubsidized)
    2.64%
    Fund Distribution Yield
    1.86%
    Tax Equivalent Yield
    4.45%

    Fund Market Price as of Feb 02 2023

    Bid/Ask
    $47.18
    Closing Price
    $47.21
    Day High $47.26
    Day Low $47.15
    Exchange Volume (Shares)
    81,266
    Premium/Discount
    0.09%
    30-Day Median Bid/Ask Spread
    0.02%

    Premium Discount to NAV Graph and Summary

    Number of Days Summary

    Calendar Year 2022
    Days Traded at Premium
    94
    Days Traded at Discount
    157

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    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 Feb 02 2023

    Net Cash Amount $146,100,943.30

    Fund Net Asset Value as of Feb 02 2023

    NAV
    $47.14
    Shares Outstanding 86.85 M
    Assets Under Management $4,094.57 M

    Fund Performance

    • Fund Inception Date: Sep 11 2007

    as of Dec 31 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Sep 11 2007
    Fund Before Tax
    NAV Dec 31 2022 -0.05% 4.51% -10.19% -10.19% -1.61% 0.57% 1.67% 3.06%
    Market Value Dec 31 2022 -0.36% 4.44% -10.22% -10.22% -1.62% 0.58% 1.67% 3.06%
    Bloomberg Municipal Managed Money 1-25 Years Index Dec 31 2022 0.35% 4.87% -8.99% -8.99% -0.91% 1.14% 2.10% 3.47%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2022 -0.19% 4.21% -10.86% -10.86% -1.86% 0.41% 1.56% 2.97%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -0.03% 2.66% -6.03% -6.03% -1.01% 0.77% 1.72% 2.96%
    Bloomberg Municipal Managed Money 1-25 Years Index Dec 31 2022 0.35% 4.87% -8.99% -8.99% -0.91% 1.14% 2.10% 3.47%

    as of Dec 31 2022

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Sep 11 2007
    Fund Before Tax
    NAV Dec 31 2022 -0.05% 4.51% -10.19% -10.19% -1.61% 0.57% 1.67% 3.06%
    Market Value Dec 31 2022 -0.36% 4.44% -10.22% -10.22% -1.62% 0.58% 1.67% 3.06%
    Bloomberg Municipal Managed Money 1-25 Years Index Dec 31 2022 0.35% 4.87% -8.99% -8.99% -0.91% 1.14% 2.10% 3.47%
    Fund After Tax
    Return after Taxes on Distributions Dec 31 2022 -0.19% 4.21% -10.86% -10.86% -1.86% 0.41% 1.56% 2.97%
    Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -0.03% 2.66% -6.03% -6.03% -1.01% 0.77% 1.72% 2.96%
    Bloomberg Municipal Managed Money 1-25 Years Index Dec 31 2022 0.35% 4.87% -8.99% -8.99% -0.91% 1.14% 2.10% 3.47%

    Past performance is not a reliable indicator of future performance. 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.  All results are historical and assume the reinvestment of dividends and capital gains. 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.

    Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

    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 Municipal Managed Money Index. Effective 1/2/2019, the Fund seeks to track the Bloomberg Municipal Managed Money 1-25 Years Index. The inception of the Bloomberg 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 Municipal Managed Money 1-25 Years Index.

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

    Gross Expense Ratio: 0.23%


    Top Holdings

    Fund Top Holdings as of Feb 03 2023

    Name Market Value ISIN Weight
    SALAGR 5.000 01/01/31 21,259,793.00 US79574CEE93 0.53%
    TRBTRN 5.000 05/15/28 20,827,437.00 US89602HCT23 0.52%
    TXSWTR 4.000 10/15/45 21,134,759.00 US8828544U35 0.52%
    MASDEV 5.000 11/15/32 19,526,524.00 US57584Y2Y46 0.48%
    DISGEN 5.000 07/01/47 18,746,757.00 US25477GUW31 0.46%
    MAS 5.000 11/01/28 18,076,988.00 US57582RY912 0.45%
    NYC 5.000 08/01/30 17,663,050.00 US64966QYN41 0.44%
    PFLSCD 5.000 02/15/34 17,814,622.00 US717096DD06 0.44%
    US DOLLAR 17,968,756.00 - 0.44%
    FAI 4.000 10/01/37 16,857,888.00 US30382AMV16 0.42%

    Sector Allocation

    as of Feb 03 2023
    as of Feb 03 2023

    Fund Sector Breakdown as of Feb 03 2023

    Sector Weight
    Muni Local 22.81%
    Muni State 20.70%
    Muni Special Tax 14.43%
    Muni Water & Sewer 13.77%
    Muni Transportation 7.93%
    Muni Leasing 7.66%
    Muni Education 7.04%
    Muni Power 4.70%
    Muni Industrial Revenue 0.49%
    Not Classified 0.44%
    Muni Health Care 0.02%
    Muni Housing 0.01%

    Index Sector Breakdown as of Feb 03 2023

    Sector Weight
    Muni Local 25.41%
    Muni State 20.45%
    Muni Special Tax 15.65%
    Muni Water & Sewer 11.87%
    Muni Transportation 8.18%
    Muni Leasing 7.64%
    Muni Education 6.17%
    Muni Power 4.33%
    Muni Industrial Revenue 0.27%
    Muni Solid Waste/Res Recovery 0.02%

    Quality Breakdown

    as of Feb 03 2023
    as of Feb 03 2023

    Fund Quality Breakdown as of Feb 03 2023

    Name Weight
    Aaa 24.81%
    Aa 74.85%
    A 0.32%
    NR 0.02%

    Index Quality Breakdown as of Feb 03 2023

    Name Weight
    Aaa 25.84%
    Aa 74.16%

    Maturity Ladder

    as of Feb 03 2023
    as of Feb 03 2023

    Fund Maturity Ladder as of Feb 03 2023

    Name Weight
    0 - 1 Year 1.27%
    1 - 3 Years 7.33%
    3 - 5 Years 8.03%
    5 - 7 Years 11.01%
    7 - 10 Years 15.48%
    10 - 15 Years 22.57%
    15 - 20 Years 18.17%
    20 - 25 Years 15.69%
    25 - 30 Years 0.09%
    > 30 Years 0.36%

    Index Maturity Ladder as of Feb 03 2023

    Name Weight
    1 - 2 Years 4.09%
    2 - 3 Years 4.72%
    3 - 5 Years 9.87%
    5 - 7 Years 10.32%
    7 - 10 Years 14.84%
    Not Classified 56.16%

    Top Ten States

    Fund Top Ten States as of Feb 03 2023

    Name Weight
    NEW YORK-NY 20.78%
    CALIFORNIA-CA 17.61%
    TEXAS-TX 11.59%
    WASHINGTON-WA 4.89%
    MASSACHUSETTS-MA 3.52%
    FLORIDA-FL 3.50%
    MARYLAND-MD 3.43%
    CONNECTICUT-CT 3.17%
    GEORGIA-GA 2.73%
    VIRGINIA-VA 2.37%

    Purchase Information


    Buying and Selling ETFs

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

    Ordinary brokerage commissions may apply.


    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 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.

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

    "Bloomberg®" and Bloomberg Municipal Managed Money 1-25 Years Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR Nuveen Bloomberg Municipal Bond ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Nuveen Bloomberg Municipal Bond ETF.

    Prior to 8/24/2021, the Bloomberg Municipal Managed Money 1-25 Years Index was known as the Bloomberg Barclays Municipal Managed Money 1-25 Years Index.

    Prior to 10/31/2021, the SPDR Nuveen Bloomberg Municipal Bond ETF was known as the SPDR Nuveen Bloomberg Barclays Municipal Bond ETF.