TFI: Index Tracking Muni Funds Just Don't Work Well

Municipal bond funds like TFI are best suited for investors with a marginal tax rate of 24% or higher, due to tax-equivalent yields. Open-ended ETFs like TFI avoid large discounts/premiums to NAV but carry minimal redemption risk given the liquidity of municipal bonds. TFI's expense ratio of 0.23% is reasonable, balancing between lower-cost index funds and higher-cost active management.

Seeking Alpha • Sep 1, 2025

TFI ETF: Despite High Ranking, This Muni Bond ETF Earns A Sell Rating

With the GOP in control, extending current tax rates beyond 2025 is uncertain, and inflation concerns may limit Fed rate cuts to just two. The SPDR Nuveen Bloomberg Municipal Bond ETF (TFI) is analyzed but earns a Sell rating due to its lower risk/return performance compared to peers. Despite a high-quality portfolio with mostly AAA or AA-rated bonds, TFI's effective duration and built-in NAV deterioration are concerns.

Seeking Alpha • Jan 2, 2025

Why Muni Bond ETFs Make Sense in 2025

The Internal Revenue Service has announced new tax brackets for 2025. This makes now an ideal time to revisit the benefits of muni bond ETFs.

ETF Trends • Oct 23, 2024

The opportunity is not over in municipal bonds, says Parametric's Nisha Patel

Nisha Patel, Parametric fixed income portfolio manager, joins 'The Exchange' to discuss the municipal bond market as rate cuts and municipal bond demand grows.

CNBC Television • Aug 9, 2024

U.S. Weekly Fund Flows Insight Report: Conventional Fund And ETF Investors Give A Cold Shoulder To Equity Funds For The Fund Flows Week

Investors were net sellers of fund assets for the second week in three, redeeming a net $11.6B for the LSEG Lipper fund flows week ended Wednesday (February 21). For the flows week, the Treasury yield rose at all maturities of the curve, except for the two-month yield, which experienced a one basis point decline to end the week at 5.50%.

Seeking Alpha • Feb 23, 2024

U.S. Weekly Fund Flows Insight Report: Investors Embrace Money Market Funds During The Fund Flows Week, But Test The Waters Of Equity, Bond, And Commodity ETFs

U.S. Weekly Fund Flows Insight Report: Investors Embrace Money Market Funds During The Fund Flows Week, But Test The Waters Of Equity, Bond, And Commodity ETFs

Seeking Alpha • Oct 27, 2023

U.S. Weekly Fund Flows Insight Report: Despite Dovish Fed Comments, ETF And Conventional Fund Investors Were Net Redeemers During The Fund Flows Week

Investors were net sellers of fund assets for the third week in four, withdrawing a net $17.6B for the LSEG Lipper fund flows week ended October 11. The prospect of an end to Federal Reserve rate hikes buoyed U.S. stocks and bonds during the most recent fund flows week. For the fifth consecutive week, taxable bond funds (ex-ETFs) witnessed net outflows, handing back $2.7 billion this past week - while posting a 0.76% market return on average for the fund flows week.

Seeking Alpha • Oct 13, 2023

U.S. Weekly FundFlows Insight Report: Nondomestic Equity ETFs Attract Their Largest Weekly Net Inflows On Record During The Fund-Flows Week

Investors were net purchasers of fund assets for the second consecutive week, injecting a net $19.2 billion for the LSEG Lipper fund-flows week ended June 14. Equity ETFs witnessed net inflows for the third week in four, attracting a little more than $25.2 billion for the most recent fund-flows week. For the second week in a row, taxable fixed income ETFs experienced net inflows, taking in $4.4 billion this week.

Seeking Alpha • Jun 16, 2023

U.S. Weekly FundFlows Insight Report: Despite Plus-Side Returns For The Week, ETF And Fund Investors Duck For Cover During The Fund-Flows Week

Investors were net purchasers of fund assets for the second week in a row, injecting a net $5.8 billion for the week ended Wednesday, May 3. Equity ETFs experienced net outflows for the first week in four, handing back a little less than $7.8 billion for the most recent fund-flows week.

Seeking Alpha • May 5, 2023

Time to Buy Muni Bond ETFs Now?

Should you tap muni bond ETFs ahead of Tax Day?

Zacks Investment Research • Apr 5, 2023