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State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)

Muni National Long | Exchange Traded Fund | NYSEArca
44.70 USD -0.07 (-0.156%) ⇩ (Aug. 28, 2026, 3:59 p.m. EDT)
After hours: 44.70
Short-term:★★⯪☆☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 3:04 a.m. EDT

The municipal bond ETF is currently trading at a discount to its historical range, hovering near the 52-week low despite a recent recovery in price. While the 3.56% dividend yield offers attractive income relative to many fixed-income peers, the payout history reveals a concerning trend of increasing distributions that outpace the modest price appreciation, suggesting the yield may be partially funded by capital erosion rather than pure income generation. The long-term trajectory confirms this structural weakness; over the last nine years, the asset has lost more than 11% of its value, dragged down by six years of negative annual returns, including a severe 11.5% collapse in 2022. Although the most recent year saw a slight rebound, the persistent multi-year decline indicates that the underlying portfolio has failed to keep pace with inflation or market benchmarks. With the price barely recovering from its lows and the long-term equity curve trending sharply downward, the investment case remains weak for both capital preservation and growth.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.011625
AutoETS0.012287
AutoARIMA0.012287
MSTL0.012797

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 76%
H-stat 25.32
Ljung-Box p 0.000
Jarque-Bera p 0.101
Excess Kurtosis -1.15
Attribute Value
Forward P/E 26.77

As of Aug. 22, 2026, 3:04 a.m. EDT: Options activity is extremely sparse with negligible open interest across all strikes. Implied volatility is flat at 5% for calls and slightly elevated at 9% for puts, reflecting the low liquidity rather than specific directional bets. There is no meaningful positioning signal from speculators.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.30% 3.53% 3.18% 2.68%
Dividend History
Date Dividend Yield %
2026-08-03 0.135 0.301138
2026-07-01 0.135 0.295793
2026-06-01 0.134 0.294570
2026-05-01 0.135 0.297160
2026-04-01 0.133 0.293598
2026-03-02 0.136 0.294500
2026-02-02 0.131 0.285590
2025-12-18 0.135 0.296118
2025-12-01 0.134 0.293602
2025-11-03 0.133 0.291092
2025-10-01 0.133 0.292436
2025-09-02 0.130 0.292069
2025-08-01 0.126 0.282575
2025-07-01 0.128 0.287124
2025-06-02 0.123 0.277841
2025-05-01 0.121 0.271727
2025-04-01 0.118 0.261467
2025-03-03 0.122 0.264929
2025-02-03 0.115 0.251751
2024-12-19 0.118 0.260026
2024-12-02 0.118 0.253709
2024-11-01 0.117 0.255850
2024-10-01 0.117 0.249733
2024-09-03 0.116 0.249946
2024-08-01 0.115 0.248756
2024-07-01 0.115 0.252193
2024-06-03 0.113 0.249779
2024-05-01 0.113 0.248134
2024-04-01 0.111 0.240208
2024-03-01 0.113 0.241970
2024-02-01 0.106 0.225388
2023-12-18 0.110 0.235344
2023-12-01 0.108 0.234579
2023-11-01 0.102 0.235784
2023-10-02 0.098 0.225806
2023-09-01 0.096 0.212578
2023-08-01 0.091 0.197869
2023-07-03 0.092 0.199653
2023-06-01 0.086 0.187241
2023-05-01 0.089 0.192724
2023-04-03 0.085 0.181702
2023-03-01 0.092 0.202643
2023-02-01 0.086 0.182551
2022-12-19 0.080 0.173837
2022-12-01 0.082 0.178145
2022-11-01 0.074 0.169375
2022-10-03 0.074 0.167877
2022-09-01 0.071 0.156284
2022-08-01 0.069 0.146310
2022-07-01 0.072 0.156420
2022-06-01 0.065 0.138741
2022-05-02 0.068 0.147890
2022-04-01 0.063 0.131799
2022-03-01 0.072 0.144260
2022-02-01 0.063 0.125473
2021-12-17 0.066 0.127610
2021-12-01 0.070 0.135292
2021-11-01 0.068 0.132476
2021-10-01 0.073 0.141720
2021-09-01 0.072 0.138329
2021-08-02 0.071 0.135703
2021-07-01 0.075 0.144203
2021-06-01 0.074 0.142226
2021-05-03 0.080 0.154113
2021-04-01 0.075 0.145208
2021-03-01 0.084 0.163392
2021-02-01 0.079 0.150505
2020-12-18 0.147 0.280641
2020-12-01 0.081 0.154757
2020-11-02 0.080 0.155009
2020-10-01 0.083 0.160139
2020-09-01 0.081 0.155889
2020-08-03 0.082 0.156608
2020-07-01 0.085 0.164729
2020-06-01 0.084 0.162382
2020-05-01 0.087 0.174594
2020-04-01 0.084 0.172697
2020-03-02 0.091 0.175135
2020-02-03 0.087 0.168801
2019-12-20 0.088 0.173913
2019-12-02 0.091 0.180377
2019-11-01 0.089 0.175785
2019-10-01 0.092 0.181495
2019-09-03 0.089 0.173794
2019-08-01 0.089 0.175994
2019-07-01 0.091 0.181673
2019-06-03 0.088 0.175719
2019-05-01 0.091 0.184211
2019-04-01 0.088 0.179190
2019-03-01 0.096 0.197857
2019-02-01 0.091 0.188523
2018-12-19 0.093 0.194195
2018-12-03 0.094 0.197355
2018-11-01 0.091 0.194237
2018-10-01 0.093 0.196410
2018-09-04 0.090 0.187891
2018-08-01 0.089 0.185920
2018-07-02 0.091 0.189741
2018-06-01 0.088 0.183563
2018-05-01 0.089 0.187093
2018-04-02 0.087 0.181590
2018-03-01 0.093 0.194561
2018-02-01 0.086 0.178906
2017-12-19 0.085 0.174753
2017-12-01 0.089 0.182677
2017-11-01 0.090 0.184200
2017-10-02 0.087 0.178242
2017-09-01 0.087 0.176901
2017-08-01 0.087 0.177479
2017-07-03 0.089 0.183278
2017-06-01 0.087 0.177914
2017-05-01 0.090 0.187071
2017-04-03 0.087 0.181742
2017-03-01 0.093 0.195460
2017-02-01 0.087 0.183158
2016-12-28 0.172 0.363483
2016-12-01 0.085 0.180774
2016-11-01 0.083 0.168152
2016-10-03 0.087 0.174070
2016-09-01 0.085 0.168651
2016-08-01 0.085 0.168952
2016-07-01 0.089 0.175820
2016-06-01 0.087 0.175262
2016-05-03 0.090 0.180977
2016-05-02 0.090 0.181561
2016-04-01 0.088 0.178716
2016-03-01 0.094 0.191368
2016-02-01 0.090 0.183076
2015-12-29 0.138 0.283834
2015-12-01 0.094 0.193974
2015-11-02 0.092 0.190871
2015-10-01 0.094 0.195264
2015-09-01 0.092 0.192630
2015-08-03 0.092 0.192227
2015-07-01 0.096 0.202960
2015-06-01 0.092 0.193847
2015-05-01 0.094 0.197065
2015-04-01 0.092 0.190240
2015-03-02 0.100 0.207900
2015-02-02 0.094 0.191135
2014-12-29 0.094 0.195183
2014-12-01 0.094 0.195752
2014-11-03 0.092 0.191348
2014-10-01 0.096 0.199667
2014-09-02 0.094 0.196570
2014-08-01 0.094 0.197811
2014-07-01 0.096 0.203476
2014-06-02 0.094 0.198396
2014-05-01 0.098 0.208599
2014-04-01 0.096 0.207075
2014-03-03 0.098 0.210030
2014-02-03 0.098 0.212029
2013-12-27 0.380 0.842199
2013-12-02 0.100 0.219394
2013-11-01 0.098 0.213601
2013-10-01 0.102 0.223488
2013-09-03 0.102 0.231083
2013-08-01 0.100 0.223514
2013-07-01 0.104 0.227870
2013-06-03 0.102 0.215372
2013-05-01 0.104 0.214256
2013-04-01 0.104 0.217119
2013-03-01 0.110 0.227649
2013-02-01 0.104 0.214345
2012-12-27 0.106 0.218287
2012-12-03 0.110 0.220618
2012-10-01 0.114 0.231896
2012-09-04 0.114 0.232843
2012-08-01 0.116 0.236542
2012-07-02 0.116 0.240564
2012-06-01 0.114 0.234471
2012-05-01 0.120 0.249792
2012-04-02 0.120 0.252419
2012-03-01 0.124 0.257796
2012-02-01 0.122 0.252483
2011-12-28 0.258 0.544534
2011-12-01 0.128 0.274207
2011-11-01 0.124 0.267241
2011-10-03 0.130 0.278731
2011-09-01 0.130 0.278373
2011-08-01 0.132 0.289347
2011-07-01 0.132 0.292035
2011-06-01 0.132 0.291262
2011-05-02 0.146 0.327061
2011-04-01 0.132 0.301095
2011-03-01 0.134 0.305378
2011-02-01 0.098 0.228758
2010-12-29 0.396 0.914972
2010-12-01 0.120 0.264784
2010-11-01 0.138 0.297670
2010-10-01 0.138 0.296647
2010-09-01 0.140 0.295234
2010-08-02 0.140 0.303030
2010-07-01 0.140 0.305277
2010-06-01 0.140 0.304348
2010-05-03 0.142 0.310994
2010-04-01 0.142 0.314438
2010-03-01 0.144 0.314548
2010-02-01 0.134 0.296198
2009-12-29 0.148 0.325848
2009-12-01 0.142 0.312638
2009-11-02 0.140 0.311388
2009-10-01 0.142 0.305903
2009-09-01 0.140 0.310559
2009-08-03 0.142 0.320397
2009-07-01 0.144 0.328767
2009-06-01 0.140 0.317460
2009-05-01 0.142 0.320108
2009-04-01 0.142 0.324201
2009-03-02 0.144 0.331187
2009-02-02 0.134 0.305796
2008-12-29 0.148 0.344988
2008-12-01 0.142 0.340691
2008-11-03 0.144 0.346320
2008-10-01 0.142 0.345667
2008-09-02 0.142 0.323610
2008-08-01 0.142 0.327038
2008-07-01 0.140 0.322878
2008-06-02 0.138 0.312359
2008-05-01 0.142 0.323462
2008-04-01 0.128 0.293309
2008-03-03 0.140 0.321396
2008-02-01 0.114 0.252884
2007-12-28 0.166 0.372699
2007-12-03 0.144 0.324178
2007-11-01 0.144 0.326235
2007-10-01 0.072 0.163191
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 3.56

Info Dump

Attribute Value
All Time High 52.74
All Time Low 34.0
Ask 44.7
Ask Size 600
Average Daily Volume10 Day 625,320
Average Daily Volume3 Month 506,777
Average Volume 506,777
Average Volume10Days 625,320
Beta3 Year 1.08
Bid 44.69
Bid Size 400
Category Muni National Long
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 44.805
Day Low 44.6941
Dividend Yield 3.56
Eps Forward 1.67
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 45.2304
Fifty Day Average Change -0.5303993
Fifty Day Average Change Percent -0.011726611
Fifty Two Week Change Percent 0.42686462
Fifty Two Week High 46.5
Fifty Two Week High Change -1.7999992
Fifty Two Week High Change Percent -0.038709663
Fifty Two Week Low 44.4
Fifty Two Week Low Change 0.29999924
Fifty Two Week Low Change Percent 0.006756739
Fifty Two Week Range 44.4 - 46.5
First Trade Date Milliseconds 1,189,690,200,000
Five Year Average Return -0.0035451
Forward P E 26.766468
Full Exchange Name NYSEArca
Fullday Change -0.0699997
Fullday Change Percent -0.156354
Fullday Price 44.7
Fund Family State Street Investment Management
Fund Inception Date 1,189,468,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund invests substantially all, but atleast 80%, of its total assets in the securities comprising the index and in securities that the 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 performance of U.S. dollar denominated investment grade tax-exempt debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market.
Long Name State Street SPDR Nuveen ICE Municipal Bond ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_37088848
Nav Price 44.79081
Net Assets 3,125,646,850.0
Net Expense Ratio 0.23
Open 44.78
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 44.7
Post Market Time 1,787,959,805
Previous Close 44.77
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.0699997
Regular Market Change Percent -0.156354
Regular Market Day High 44.805
Regular Market Day Low 44.6941
Regular Market Day Range 44.6941 - 44.805
Regular Market Open 44.78
Regular Market Previous Close 44.77
Regular Market Price 44.7
Regular Market Time 1,787,947,194
Regular Market Volume 1,094,195
Short Name State Street SPDR Nuveen ICE Mu
Source Interval 15
Symbol TFI
Three Year Average Return 0.029156402
Total Assets 3,125,646,848
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -0.68759
Trailing Three Month Returns -0.68759
Triggerable 1
Two Hundred Day Average 45.5867
Two Hundred Day Average Change -0.8866997
Two Hundred Day Average Change Percent -0.019450841
Type Disp ETF
Volume 1,094,195
Yield 0.0356
Ytd Return 0.0193