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ETFs

SPDR Nuveen Bloomberg Municipal Bond ETF

TFI
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 11, 2007
Expense Ratio
0.23%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$35,832,283
AUM
$3,588,859,993
Associated Index
Bloomberg Municipal Managed Money 1-25 Years Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
UNVHGR 5.000 05/15/29
0.95%
—
NYC 5.250 04/01/44
0.63%
—
SALAGR 5.000 01/01/31
0.5%
—
MASDEV 5.000 11/15/32
0.48%
—
UNVHGR 5.000 05/15/43
0.47%
—
NYC 5.000 08/01/30
0.47%
—
MAS 5.250 10/01/47
0.44%
—
UTLUTL 5.000 12/15/39
0.43%
—
DISGEN 5.000 07/01/47
0.43%
—
MAS 5.000 11/01/28
0.43%
Invest with TFI
Trade TFI Options

What is TFI?

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 Municipal Managed Money 1-25 Years Index. The Bloomberg 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.

1M
3M
6M
YTD
1Y
3Y
Max
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TFI
Performance Measures**

for the time period Sep 13, 2007 to Dec 5, 2025

Returns

1M Trailing Return: 0.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -15.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 6.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.53

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.20

The annualized return divided by the max drawdown for the selected time period.

ETFs related toTFI

ETFs correlated to TFI include VTEB, MUB, SCMB

TFI
SPDR Series Trust - SPDR Nuveen Bloomberg Municipal Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toTFI

Simon | KMLM switcher | Simon Shorts Ed. + MbM | (single pops)| BT 4/13/22

Category

Trend-following, RSI momentum, volatility hedging, leveraged ETFs, inverse ETFs, managed futures (KMLM), bonds/cash, tech/semis/small-cap/biotech, risk-on/off

OOS Cumulative Return

96.99%

Vox's Cockroach Portfolio - Short BT/Live Run

Category

Tactical multi-asset, trend-following, mean-reversion, volatility hedging, leveraged ETFs, commodities, bonds, income

OOS Cumulative Return

27.82%

Create your own algorithmic trading strategy with TFI using Composer

FAQ

TFI is a US Bonds ETF. 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 Municipal Managed Money 1-25 Years Index. The Bloomberg 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.

TFI tracks the Bloomberg Municipal Managed Money 1-25 Years Index.

No, TFI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TFI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TFI is -0.0205%. This is the percent change in the value of TFI over the most recent 1-month period. The 3-month return on TFI is -0.04%. This is the percent change in the value of TFI over the most recent 3-month period.

The standard deviation of TFI for the past year is 0.0494%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TFI include HYMB, SUB, and MUNI.

ETFs correlated to TFI include VTEB, MUB, and SCMB.

ETFs that are inversely correlated to TFI include TBT, TTT, and TMV.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.