Open Now: The Global ETF Survey Take the Survey →
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI performance and flow charts
Performance
Flows
Historic performance and flows
Data as of June 22, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | +1.47% | +1.69% | +1.49% | +6.21% | +8.59% | -0.14% |
| Flows | +$27M | +$127M | +$99M | -$180M | -$685M | -$78M |
Characteristics
The State Street SPDR Nuveen ICE Municipal Bond ETF is built to track the ICE 1+ Year AMT‑Free Broad Municipal Index - USD. This ETF provides physical exposure - by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly). This share class generates a stream of income by distributing dividends.
| Management strategy | Passive |
| Strategy | Long Only |
| Provider | State Street Investment Management |
| N° of holdings | 1828 |
| Replication method | Direct (Physical) |
| Asset class | Fixed Income |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | September 11, 2007 |
| ESG | No |
More data and info about TFI on Trackinsight
Exposure
Data as of April 30, 2026Diversification
Total weight of top 15 holdings out of 1,828
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +2.73% | +2.25% | +4.02% | +3.96% |
Max drawdown | -1.25% | -2.76% | -6.59% | -15.36% |
Max drawdown duration | 32d | 113d | 129d | 1798d |
Time to recover | 10d | N/A | 32d | N/A |
Replication quality
Data as of June 25, 2026Create an account to view replication metrics
1 year cumulative return difference | |
|---|---|
| Best | Join for free |
| Worst | Join for free |
| daily return difference | |
|---|---|
| Average | Join for free |
| Worst | Join for free |
What type of ETF is TFI?
TFI is a Passive ETF that provides exposure to Fixed Income assets. It is managed by State Street Investment Management.
What index does TFI track?
TFI tracks the ICE 1+ Year AMT‑Free Broad Municipal Index - USD, aiming to replicate its performance through optimized sampling.
What does TFI invest in?
This ETF provides exposure to US Investment Grade Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of TFI?
The total expense ratio (TER) of TFI is 0.23%, representing the annual fee charged by the fund manager.
When was TFI launched?
TFI was launched on September 11, 2007, marking its entry into the ETF market.
Who is the issuer of TFI?
TFI is issued by State Street Investment Management.
What is the AUM of TFI?
As of June 22, 2026, TFI manages $3.11 B, reflecting the total assets held in the fund.
How has TFI performed recently?
As of June 22, 2026, TFI delivered a return of 1.47% over the past month (1M performance), 1.69% over the past three months (3M), and 1.49% year-to-date (YTD).
What are the recent fund flows for TFI?
As of June 22, 2026, TFI has seen net flows of +$27M in the past month (1M flow) and +$99M year-to-date (YTD).
Does TFI pay dividends?
As of June 22, 2026, TFI has a trailing 12-month distribution yield of 3.48%.
How many holdings are in TFI
As of April 30, 2026, TFI holds 1828 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is TFI?
As of April 30, 2026, TFI holds 1828 securities, with 3.12% of its assets concentrated in its top 15 holdings.
What are the top holdings of TFI?
As of April 30, 2026, TFI holds a portfolio of 1828 underlyings, with its largest positions including US574193VL92, California, 5% 1nov2027, USD and US64966QMF45. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does TFI invest in?
As of April 30, 2026, TFI has its largest geographic exposures in USA.
What sectors or themes does TFI focus on?
As of April 30, 2026, TFI is primarily exposed to Municipal.
Advantages of ETFs over Mutual Funds1/6
Lower Costs
In this guide, we'll explore the advantages of ETFs over mutual funds, giving you valuable insights into why ETFs have gained significant popularity among investors like yourself.
Leveraged ETFs: Unlocking the Potential for Amplified Returns1/6
Understanding Leveraged ETFs
Explore leveraged ETFs: potential for amplified returns & risks. 5 ETFs to consider across equities, commodities & fixed income.
What is a Leveraged ETF?1/6
Introducing Leveraged and Inverse ETFs
In this guide, we'll dive into the world of leveraged ETFs, exploring their definition, mechanics, potential risks, and rewards.
Recent educational content
ETF Trends
ETF Industry KPIs June 22, 2026
The ETF Industry saw 40 New Launches and 23 closures last week.
Asset TV
The ETF Show - New Autism-Impact ETF Launched
Defiance ETFs has launched the first ETF, $ASD, focused on the autism ecosystem, investing in companies that provide services, products, and research related to autism and neurodivergence.
ETF Trends
ETF Industry KPIs June 1, 2026
The ETF Industry saw 22 New Launches, 1 Ticker Change and 1 closure last week.
ETF Trends
ETF Industry KPIs May 20, 2026
The ETF Industry saw 44 New Launches, 3 Mutual Fund Conversions and 9 closures last week.
Browse all educational columns
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
