TFI – Fund Analysis – Stt Strt® SPDR® Nuveen ICE Muncpl ETF | Morningstar

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Will TFI outperform in the future?

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TFI’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the TFI management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of TFI’s parent organization’s priorities and whether they’re in line with investors’ interests.

One year into a new and improved index.

Senior Associate Analyst Brendan McCann

Brendan McCann

Senior Associate Analyst

Summary

State Street SPDR Nuveen ICE Municipal Bond ETF does a good job representing its target market, and its higher credit quality means it should hold up better during credit shocks.

by Brendan McCann

Rated on Aug 11, 2026 Published on Aug 11, 2026

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