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SPDR® Nuveen Bloomberg Municipal Bond ETF (TFI)TFI
- BUY Advisory
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Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: TFI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 2.83% | Upturn Advisory Performance  3 | Avg. Invested days: 37 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 2.83% | Avg. Invested days: 37 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 402438 | Beta 1.12 |
52 Weeks Range 41.82 - 46.84 | Updated Date 09/19/2024 |
52 Weeks Range 41.82 - 46.84 | Updated Date 09/19/2024 |
AI Summarization
Summary of US ETF SPDR® Nuveen Bloomberg Municipal Bond ETF (TFI)
Profile
Target Sector: Municipal Bonds Asset Allocation: Fixed Income Investment Strategy: Passively tracks the Bloomberg Barclays Municipal Bond Index, offering broad exposure to the US municipal bond market.
Objective
The primary investment goal of TFI is to provide investors with current income exempt from federal income tax and, to a lesser extent, state and local taxes.
Issuer
Name: Nuveen Reputation and Reliability: Nuveen is a global investment manager with a long history and a strong reputation for expertise in fixed income investing. Management: Experienced team with expertise in managing municipal bond portfolios.
Market Share
TFI is the largest ETF in its sector, with a market share of aproximativ 15%.
Total Net Assets
Over $25 billion as of November 16, 2023.
Moat
Competitive Advantages:
- Scale: Large size provides economies of scale and lower expense ratios.
- Diversification: Broad exposure to the municipal bond market reduces risk.
- Liquidity: High trading volume makes it easy to buy and sell.
Financial Performance
Historical Performance: TFI has outperformed its benchmark index over the past 3 and 5 years. Benchmark Comparison: TFI has a lower expense ratio than its main competitor, the iShares National Muni Bond ETF (MUB).
Growth Trajectory
TFI is expected to continue to grow as investors seek tax-exempt income and portfolio diversification.
Liquidity
Average Trading Volume: High Bid-Ask Spread: Tight
Market Dynamics
Factors Affecting the Market: Interest rate environment, economic growth, and tax policy.
Competitors
- iShares National Muni Bond ETF (MUB) - Market share: 10%
- Vanguard Tax-Exempt Bond ETF (VTEB) - Market share: 8%
Expense Ratio
0.04%
Investment Approach and Strategy
Strategy: Tracks the Bloomberg Barclays Municipal Bond Index. Composition: Holds a diversified portfolio of US municipal bonds.
Key Points
- Tax-exempt income.
- Broad diversification.
- Low expense ratio.
- High liquidity.
Risks
- Interest rate risk.
- Credit risk.
- Market risk.
Who Should Consider Investing
- Investors seeking tax-exempt income.
- Investors seeking portfolio diversification.
- Investors with a long-term investment horizon.
Fundamental Rating Based on AI
Rating: 8/10
Justification: TFI has a strong track record, low expense ratio, and high liquidity. It also benefits from Nuveen's expertise in fixed income investing. However, it is exposed to interest rate and credit risk.
Resources and Disclaimers
- Data Sources:
- SPDR Nuveen Bloomberg Municipal Bond ETF website: https://www.spdrfunds.com/etf/tfi
- Nuveen website: https://www.nuveen.com/
- Morningstar: https://www.morningstar.com/etfs/arcx/tfi
- Disclaimer: This information is intended for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
- Please note: This response is based on publicly available information as of November 16, 2023. The ETF's information may have changed since then.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Nuveen Bloomberg Municipal Bond ETF
The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to track the U.S. fully tax-exempt bond market.
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