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Morningstar

Municipal Bond ETFs

Fixed-income funds that distribute income that is not subject to taxation at the federal, state, and sometimes local levels.

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Name
Ticker
Morningstar Category
Fund Size
Adjusted Expense Ratio
Total Return Rank in Category
3 Year
Total Return Rank in Category
5 Year
Total Return Rank in Category
10 Year
Management Style
iShares National Muni Bond ETFMUBMuni National Interm37.02 Bil0.050%484733Passive
Vanguard Tax-Exempt Bond ETFVTEBMuni National Interm34.65 Bil0.050%5141—Passive
iShares Short-Term National Muni Bd ETFSUBMuni National Short8.71 Bil0.070%516462Passive
SPDR® Nuveen Blmbg ST MunBd ETFSHMMuni National Short3.84 Bil0.200%939184Passive
SPDR® Nuveen Blmbg Muni Bd ETFTFIMuni National Long3.55 Bil0.230%818583Passive
VanEck High Yield Muni ETFHYDHigh Yield Muni2.99 Bil0.320%869571Passive
iShares California Muni Bond ETFCMFMuni California Long2.81 Bil0.250%346179Passive
Invesco National AMT-Free Muni Bd ETFPZAMuni National Long2.81 Bil0.280%727025Passive
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETFHYMBHigh Yield Muni2.64 Bil0.350%665853Passive
JPMorgan Ultra-Short Municipal Inc ETFJMSTMuni National Short2.63 Bil0.180%147—Active
First Trust Managed Municipal ETFFMBMuni National Interm1.97 Bil0.650%73423Active
VanEck Intermediate Muni ETFITMMuni National Interm1.81 Bil0.180%948233Passive
PIMCO Intermediate Municipal Bd Actv ETFMUNIMuni National Interm1.47 Bil0.350%172335Active
JPMorgan Municipal ETFJMUBMuni National Interm1.40 Bil0.180%118—Active
Dimensional National Municipal Bond ETFDFNMMuni National Short1.25 Bil0.170%———Active
Invesco California AMT-Free Muni Bd ETFPWZMuni California Long845.42 Mil0.280%675032Passive
Capital Group Municipal Income ETFCGMUMuni National Interm720.61 Mil0.270%———Active
iShares New York Muni Bond ETFNYFMuni New York Long699.35 Mil0.250%134867Passive
IQ MacKay Municipal Intermediate ETFMMITMuni National Interm660.66 Mil0.310%4913—Active
BlackRock Short Maturity Muncpl Bd ETFMEARMuni National Short620.56 Mil0.250%712—Active
First Trust Municipal High Income ETFFMHIHigh Yield Muni607.49 Mil0.700%4622—Active
PIMCO Short Term Municipal Bond Actv ETFSMMUMuni National Short577.15 Mil0.350%342221Active
iShares iBonds Dec 2025 Term Muni Bd ETFIBMNMuni Target Maturity518.46 Mil0.180%3134—Passive
AB Tax-Aware Short Duration ETFTAFIMuni National Short500.23 Mil0.270%———Active
IQ MacKay Municipal Insured ETFMMINMuni National Long463.64 Mil0.310%5728—Active
iShares iBonds Dec 2024 Term Muni BondIBMMMuni Target Maturity457.60 Mil0.180%91—Passive
iShares iBonds Dec 2026 Term Muni Bd ETFIBMOMuni Target Maturity456.35 Mil0.180%4254—Passive
VanEck Long Muni ETFMLNMuni National Long454.75 Mil0.240%969556Passive
Vanguard Short-Term Tax-Exmpt Bd ETFVTESMuni National Short441.62 Mil0.070%———Passive
American Century Divers Muncpl Bd ETFTAXFMuni National Interm439.00 Mil0.290%487—Active
iShares iBonds Dec 2027 Term Muni Bd ETFIBMPMuni Target Maturity424.74 Mil0.180%5094—Passive
First Trust Short Dur Mgd Muncpl ETFFSMBMuni National Short415.97 Mil0.550%6333—Active
Hartford Municipal Opportunities ETFHMOPMuni National Interm409.28 Mil0.290%2410—Active
Columbia Multi-Sector Municipal Inc ETFMUSTMuni National Interm403.06 Mil0.230%6916—Passive
VanEck Short High Yield Muni ETFSHYDHigh Yield Muni321.95 Mil0.350%367399Passive
Schwab Municipal Bond ETFSCMBMuni National Interm316.04 Mil0.030%———Passive
iShares iBonds Dec 2028 Term Muni Bd ETFIBMQMuni Target Maturity312.91 Mil0.180%6774—Passive
Dimensional California Municipal Bd ETFDFCAMuni California Intermediate276.81 Mil0.190%———Active
VanEck Short Muni ETFSMBMuni National Short255.43 Mil0.070%847551Passive
VanEck CEF Municipal Income ETFXMPTHigh Yield Muni227.02 Mil1.820%1009768Passive
First Trust California Muni Hi Inc ETFFCALMuni California Long221.23 Mil0.650%2926—Active
Invesco BulletShares (R) 2025MuncplBdETFBSMPMuni Target Maturity216.33 Mil0.180%17——Passive
Franklin Dynamic Municipal Bond ETFFLMIHigh Yield Muni211.12 Mil0.300%913—Active
JPMorgan Sustainable Municipal Inc ETFJMSIMuni National Interm210.18 Mil0.180%616460Active
First Trust Ultra Short Dur Muncpl ETFFUMBMuni National Short201.46 Mil0.450%2330—Active
Invesco BulletShares (R) 2024MuncplBdETFBSMOMuni Target Maturity201.02 Mil0.180%1——Passive
Invesco BulletShares (R) 2026MuncplBdETFBSMQMuni Target Maturity189.37 Mil0.180%75——Passive
JPMorgan High Yield Municipal ETFJMHIHigh Yield Muni173.95 Mil0.350%938794Active
PIMCO Muncpl Income Oppos Act Ex-TrdMINOMuni National Interm154.71 Mil0.390%———Active
Avantis Core Municipal Fixed Inc ETFAVMUMuni National Interm142.83 Mil0.150%62——Active

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