TFI ETF — State Street SPDR Nuveen ICE Municipal Bond ETF

State Street SPDR Nuveen ICE Municipal Bond ETF (TFI)

TFI is an ETF. As of August 19, 2026, its distribution rate is 3.62%, its trailing-12-month yield is 3.58%, its expense ratio is 0.23%. Dividend Vision Distribution Safety Score™ is 91/100 (Safe). Fund total return is 72.9% over the past 18.9 years, 558.0 points behind SPY at 630.9%.

At the current 3.62% distribution rate, a $10,000 investment would generate approximately $362 per year, or $30.17 per month on an equivalent basis.

State Street SPDR Nuveen ICE Municipal Bond ETF is an ETF that tracks the performance of U.S. investment-grade municipal bonds issued by states, territories, and their political subdivisions. The fund offers a moderate current distribution rate paid monthly, with a low expense ratio of 0.23%. It appeals to income investors seeking tax-efficient bond exposure, as municipal bond distributions are typically exempt from federal income tax.

TFI performance versus SPY

Data as of August 19, 2026.

Fund total return is 72.9% over the past 18.9 years, 558.0 points behind SPY at 630.9%. Its deepest 1-year drawdown was 2.8%.

TFI key facts

Data as of August 19, 2026.

Distribution Safety Score™

91 · Safe

Safety-Adjusted Yield

3.29%

Issuer

State Street

Asset type

ETF

Asset class

Fixed Income

Inception date

09/11/2007

Expense ratio

0.23%

Distribution rate

3.62%

Distribution frequency

Monthly

Trailing yield

3.58%

Last close

$44.84

AUM

$3,125,607,209

Average volume

472447.0

Last dividend

$0.1351

Ex-dividend date

08/03/2026

Payment date

08/06/2026

Beta

1.08

Forward P/E

26.8503

How Dividend Vision calculates yield and returns

Distribution rate (3.62%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.58%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: State Street; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TFI risks and drawbacks

TFI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 2.8%.

Who may consider TFI — and who may not

TFI may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from State Street.