State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) — ()
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TFI: Index Tracking Muni Funds Just Don't Work Well
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Sentiment: Positive ()
Municipal bond funds like TFI are best suited for investors with a marginal tax rate of 24% or higher, due to tax-equivalent yields. Open-ended ETFs like TFI avoid large discounts/premiums …
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About State Street SPDR Nuveen ICE Municipal Bond ETF TFI
The State Street SPDR Nuveen ICE Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE 1+ Year AMT-Free Broad Municipal IndexThe Index includes state and local general obligation bonds, revenue bonds, pre refunded bonds, insured bonds, and municipal lease obligationsThe Index is market cap weighted and undergoes monthly rebalancing and reconstitution