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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 Interm36.73 Bil0.050%464629Passive
Vanguard Tax-Exempt Bond ETFVTEBMuni National Interm34.65 Bil0.050%5543—Passive
iShares Short-Term National Muni Bd ETFSUBMuni National Short8.67 Bil0.070%516463Passive
SPDR® Nuveen Blmbg ST MunBd ETFSHMMuni National Short3.78 Bil0.200%939384Passive
SPDR® Nuveen Blmbg Muni Bd ETFTFIMuni National Long3.50 Bil0.230%848986Passive
VanEck High Yield Muni ETFHYDHigh Yield Muni2.96 Bil0.320%859772Passive
iShares California Muni Bond ETFCMFMuni California Long2.79 Bil0.250%346379Passive
Invesco National AMT-Free Muni Bd ETFPZAMuni National Long2.78 Bil0.280%737024Passive
JPMorgan Ultra-Short Municipal Inc ETFJMSTMuni National Short2.64 Bil0.180%137—Active
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETFHYMBHigh Yield Muni2.62 Bil0.350%655852Passive
First Trust Managed Municipal ETFFMBMuni National Interm1.95 Bil0.650%73422Active
VanEck Intermediate Muni ETFITMMuni National Interm1.79 Bil0.180%968332Passive
PIMCO Intermediate Municipal Bd Actv ETFMUNIMuni National Interm1.46 Bil0.350%182231Active
JPMorgan Municipal ETFJMUBMuni National Interm1.40 Bil0.180%129—Active
Dimensional National Municipal Bond ETFDFNMMuni National Short1.25 Bil0.170%———Active
Invesco California AMT-Free Muni Bd ETFPWZMuni California Long838.10 Mil0.280%745434Passive
Capital Group Municipal Income ETFCGMUMuni National Interm740.59 Mil0.270%———Active
iShares New York Muni Bond ETFNYFMuni New York Long692.77 Mil0.250%144767Passive
IQ MacKay Municipal Intermediate ETFMMITMuni National Interm656.12 Mil0.310%4512—Active
BlackRock Short Maturity Muncpl Bd ETFMEARMuni National Short623.23 Mil0.250%119—Active
First Trust Municipal High Income ETFFMHIHigh Yield Muni605.76 Mil0.700%4419—Active
PIMCO Short Term Municipal Bond Actv ETFSMMUMuni National Short575.21 Mil0.350%352521Active
iShares iBonds Dec 2025 Term Muni Bd ETFIBMNMuni Target Maturity518.25 Mil0.180%3134—Passive
AB Tax-Aware Short Duration ETFTAFIMuni National Short506.49 Mil0.270%———Active
iShares iBonds Dec 2024 Term Muni BondIBMMMuni Target Maturity457.88 Mil0.180%91—Passive
IQ MacKay Municipal Insured ETFMMINMuni National Long456.91 Mil0.310%5931—Active
iShares iBonds Dec 2026 Term Muni Bd ETFIBMOMuni Target Maturity455.70 Mil0.180%4254—Passive
VanEck Long Muni ETFMLNMuni National Long453.15 Mil0.240%959756Passive
Vanguard Short-Term Tax-Exmpt Bd ETFVTESMuni National Short440.24 Mil0.070%———Passive
American Century Divers Muncpl Bd ETFTAXFMuni National Interm434.93 Mil0.290%499—Active
iShares iBonds Dec 2027 Term Muni Bd ETFIBMPMuni Target Maturity423.11 Mil0.180%5080—Passive
First Trust Short Dur Mgd Muncpl ETFFSMBMuni National Short414.80 Mil0.550%6533—Active
Hartford Municipal Opportunities ETFHMOPMuni National Interm407.58 Mil0.290%247—Active
Columbia Multi-Sector Municipal Inc ETFMUSTMuni National Interm401.51 Mil0.230%7420—Passive
VanEck Short High Yield Muni ETFSHYDHigh Yield Muni320.16 Mil0.350%3169100Passive
Schwab Municipal Bond ETFSCMBMuni National Interm315.51 Mil0.030%———Passive
iShares iBonds Dec 2028 Term Muni Bd ETFIBMQMuni Target Maturity312.26 Mil0.180%75100—Passive
Dimensional California Municipal Bd ETFDFCAMuni California Intermediate275.66 Mil0.190%———Active
VanEck Short Muni ETFSMBMuni National Short254.44 Mil0.070%847751Passive
VanEck CEF Municipal Income ETFXMPTHigh Yield Muni224.27 Mil1.820%1009567Passive
First Trust California Muni Hi Inc ETFFCALMuni California Long219.82 Mil0.650%2824—Active
Invesco BulletShares (R) 2025MuncplBdETFBSMPMuni Target Maturity216.11 Mil0.180%23——Passive
Franklin Dynamic Municipal Bond ETFFLMIHigh Yield Muni214.78 Mil0.300%914—Active
JPMorgan Sustainable Municipal Inc ETFJMSIMuni National Interm208.83 Mil0.180%656260Active
First Trust Ultra Short Dur Muncpl ETFFUMBMuni National Short202.50 Mil0.450%2222—Active
Invesco BulletShares (R) 2024MuncplBdETFBSMOMuni Target Maturity201.02 Mil0.180%1——Passive
Invesco BulletShares (R) 2026MuncplBdETFBSMQMuni Target Maturity188.90 Mil0.180%67——Passive
JPMorgan High Yield Municipal ETFJMHIHigh Yield Muni172.74 Mil0.350%928794Active
PIMCO Muncpl Income Oppos Act Ex-TrdMINOMuni National Interm153.61 Mil0.390%———Active
Vanguard Intermediate-Term Tx-Exm Bd ETFVTEIMuni National Interm142.59 Mil0.080%———Passive

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