Additionally, the muni fund includes a heavy tilt toward New York 21.3%, followed by California 14.5%, Texas 9.7%, Massachusetts 5.8% and Washington 3.8%.
While TFI has a 0.23% expense ratio, the fund’s costs is still below average. The average expense ratio of the 32 munis-related U.S.-listed ETFs on the market is 0.32%, according to XTF data.
SPDR Nuveen Barclays Municipal Bond ETF
For more information on the munis market, visit our municipal bonds category.
Max Chen contributed to this article.