---
ticker: "TFI"
name: "State Street SPDR Nuveen ICE Municipal Bond ETF"
url: "https://etf.net/etf/TFI"
grade: "A"
score: 82
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "5 of 63"
methodology: "https://etf.net/methodology"
---

# TFI: State Street SPDR Nuveen ICE Municipal Bond ETF

Grade **A**, Score 82 of 100. Rank 5 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 77 | 15 of 63 |
| Mission | 100 | 1 of 59 |
| Risk | 50 | 28 of 63 |
| Tradability | 86 | 4 of 63 |
| Holdings | 97 | 1 of 63 |
| Durability | 89 | 4 of 63 |

## Top holdings

The fund holds 1991 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Us Dollar | 0.38% |
| 2 | — | Was 5.000 02/01/28 | 0.22% |
| 3 | — | Trbtrn 5.000 11/15/28 | 0.22% |
| 4 | — | Gas 5.000 07/01/30 | 0.21% |
| 5 | — | Mds 5.000 06/01/34 | 0.20% |
| 6 | — | Ricedu 5.000 10/01/27 | 0.20% |
| 7 | — | Cas 5.000 11/01/32 | 0.19% |
| 8 | — | Alautl 5.000 12/01/30 | 0.19% |
| 9 | — | Nyc 5.000 08/01/29 | 0.18% |
| 10 | — | Ctsgen 5.000 07/01/28 | 0.18% |
| 11 | — | Cas 5.000 11/01/31 | 0.18% |
| 12 | — | Ils 5.000 01/01/41 | 0.18% |
| 13 | — | Casfac 5.000 11/01/34 | 0.17% |
| 14 | — | Nycfac 5.000 07/15/36 | 0.16% |
| 15 | — | Cas 5.000 10/01/28 | 0.15% |
| 16 | — | Baytrn 5.000 04/01/34 | 0.15% |
| 17 | — | Unvhgr 5.250 05/15/38 | 0.15% |
| 18 | — | Unvhgr 5.000 05/15/29 | 0.13% |
| 19 | — | Nyc 5.000 08/01/32 | 0.13% |
| 20 | — | Cts 5.000 11/15/28 | 0.13% |
| 21 | — | Seepwr 4.000 11/01/51 | 0.13% |
| 22 | — | Njstrn 4.000 06/15/37 | 0.12% |
| 23 | — | Unvhgr 5.000 05/15/41 | 0.12% |
| 24 | — | Maswtr 5.000 02/01/32 | 0.12% |
| 25 | — | Nyc 5.000 08/01/30 | 0.12% |
| 26 | — | Disgen 5.500 07/01/47 | 0.12% |
| 27 | — | Nyshgr 5.000 10/01/28 | 0.12% |
| 28 | — | Casdev 5.000 06/01/33 | 0.12% |
| 29 | — | Was 5.000 06/01/39 | 0.12% |
| 30 | — | Des 5.000 05/01/33 | 0.12% |

Source: etf.net, https://etf.net/etf/TFI. Please cite the page URL.