TFI VS ITM: A Comprehensive Comparison of ETFs
Exchange-Traded Funds (ETFs) have revolutionized the investment world, offering diversified exposure across various sectors and asset classes. In this article, we will delve into a comprehensive comparison between two popular ETFs: TFI (SPDR Nuveen Bloomberg Barclays Municipal Bond ETF) and ITM (VanEck Vectors AMT-Free Intermediate Municipal Index ETF). We'll examine various aspects including the tickers, full names, issuers, sectors, top holdings, capitalization, strategy, tracking, and exposure.
TFI VS ITM: Overview
TFI and ITM are both municipal bond ETFs that provide investors with exposure to the municipal bond market. However, they differ in their strategies and target duration ranges. TFI aims to track a broad index of investment-grade municipal bonds, while ITM focuses on intermediate-term municipal bonds. These distinctions play a significant role in shaping the risk and potential returns of the two ETFs.
TFI VS ITM: Sectors and Top Holdings
The TFI ETF primarily invests in a wide range of municipal bonds issued by various entities, including states, local governments, and other municipal agencies. ITM, on the other hand, is concentrated in intermediate-term municipal bonds, which offer a balance between short-term and long-term maturities. Exploring the sectors and top holdings of these ETFs provides valuable insights into their risk profiles and potential income streams.
TFI overlap TFI VS ITM: A Comprehensive Comparison of ETFs
TFI VS ITM: Capitalization and Strategy
TFI boasts a substantial asset under management (AUM), reflecting its popularity among investors seeking exposure to municipal bonds. Its strategy involves tracking the Bloomberg Barclays Municipal Managed Money Index. Meanwhile, ITM's strategy revolves around providing investors with exposure to intermediate-term, investment-grade municipal bonds that are exempt from the Alternative Minimum Tax (AMT). The differing capitalization and strategies of TFI and ITM present investors with distinct choices based on their investment objectives.
TFI VS ITM: Tracking and Exposure
TFI tracks an index that covers a wide array of municipal bonds, aiming to replicate the performance of the Bloomberg Barclays Municipal Managed Money Index. On the other hand, ITM's underlying index targets intermediate-term municipal bonds, aligning with its investment objective. Understanding the tracking methodologies and exposure of these ETFs assists investors in selecting the one that aligns with their risk tolerance and investment horizon.
Conclusion
TFI and ITM offer investors exposure to the municipal bond market, with each ETF catering to different duration ranges and strategies. To gain deeper insights into the holdings, correlations, overlaps, and various other aspects of these ETFs, ETF Insider serves as an invaluable tool. This user-friendly app provides comprehensive details about TFI, ITM, and a plethora of other financial instruments, aiding investors in making informed decisions.
Disclaimer: This article does not provide any investment advisory services.
Sources:
TFI ETF issuer
TFI ETF official page