High Yield Municipal Bond Funds
High yield municipal bond funds typically invest a substantial portion of assets in high-income municipal securities that are not rated or that are rated at the level of or below BBB (considered high-yield within the municipal-bond industry) by a major ratings agency such as Standard & Poor’s or Moody’s.
|
Name
|
Medalist Rating
Overall
|
SEC 30-Day Yield
|
TTM Yield
|
Average Effective Duration
|
Total Return
1 Year
|
Total Return
3 Year
|
Adjusted Expense Ratio
|
Fund Size
|
|---|---|---|---|---|---|---|---|---|
| Western Asset Municipal High Income I
LMHIX
| 4.10% | 3.72% | 7.99 | 6.12% | −0.27% | 0.580% | 334.81 Mil | |
| Western Asset Municipal High Income C
SMHLX
| 3.36% | 3.06% | 7.99 | 5.36% | −0.98% | 1.330% | 334.81 Mil | |
| Western Asset Municipal High Income A
STXAX
| 3.77% | 3.56% | 7.99 | 5.92% | −0.43% | 0.770% | 334.81 Mil | |
| Western Asset Muni High Income
MHF
| — | — | 4.18% | — | 5.17% | −0.27% | — | 157.62 Mil |
| Victory High Income Municipal Bond Y
RHMYX
| 4.58% | 4.44% | 8.07 | 8.19% | −0.90% | 0.570% | 35.11 Mil | |
| Victory High Income Municipal Bond Mmbr
RHMMX
| — | 4.36% | 8.07 | 8.22% | −0.98% | 0.650% | 35.11 Mil | |
| Victory High Income Municipal Bond A
RSHMX
| 4.26% | 4.23% | 8.07 | 8.07% | −1.12% | 0.800% | 35.11 Mil | |
| VanEck Short High Yield Muni ETF
SHYD
| 3.80% | 3.05% | 4.00 | 3.36% | −1.29% | 0.350% | 316.01 Mil | |
| VanEck High Yield Muni ETF
HYD
| 4.38% | 4.26% | 6.77 | 5.32% | −2.64% | 0.320% | 3.07 Bil | |
| Thrivent High Inc Muncpl Bd S
THMBX
| 4.30% | 3.92% | — | 7.63% | −1.35% | 0.600% | 39.01 Mil | |
| Thornburg Municipal Managed Account I
THMMX
| — | 4.26% | 1.00% | — | 5.52% | — | — | 10.28 Mil |
| T. Rowe Price Tax-Free High Yield Adv
PATFX
| 3.86% | 3.03% | 7.09 | 6.84% | −1.20% | 1.020% | 3.35 Bil | |
| T. Rowe Price Tax-Free High Yield
PRFHX
| 4.19% | 3.34% | 7.09 | 7.24% | −0.88% | 0.670% | 3.35 Bil | |
| T. Rowe Price Tax Free High Yield I
PTYIX
| 4.31% | 3.45% | 7.09 | 7.28% | −0.76% | 0.550% | 3.35 Bil | |
| T. Rowe Price Interm Tx-Fr Hi Yld I
TFHAX
| 3.83% | 3.14% | 4.02 | 5.30% | −0.25% | 0.420% | 94.21 Mil | |
| T. Rowe Price Interm Tx-Fr Hi Yld
PRIHX
| 3.79% | 3.10% | 4.02 | 5.25% | −0.26% | 0.460% | 94.21 Mil | |
| SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETF
HYMB
| 4.50% | 4.14% | 7.31 | 6.62% | −1.80% | 0.350% | 2.68 Bil | |
| Russell Inv Tax-Exempt High Yield Bd S
RTHSX
| 4.26% | 4.13% | 6.73 | 6.51% | −0.95% | 0.610% | 1.98 Bil | |
| Russell Inv Tax-Exempt High Yield Bd M
RHYTX
| 4.33% | 4.19% | 6.73 | 6.69% | −0.85% | 0.540% | 1.98 Bil | |
| Russell Inv Tax-Exempt High Yield Bd A
RTHAX
| 3.83% | 3.86% | 6.73 | 6.32% | −1.20% | 0.890% | 1.98 Bil | |
| Putnam Tax-Free High Yield Y
PTFYX
| 4.05% | 3.57% | 9.31 | 7.76% | −0.36% | 0.770% | 688.21 Mil | |
| Putnam Tax-Free High Yield A
PTHAX
| 3.72% | 3.35% | 9.31 | 7.42% | −0.63% | 1.020% | 688.21 Mil | |
| Putnam Tax Free High Yield R6
PTFRX
| 4.08% | 3.59% | 9.31 | 7.70% | −0.34% | 0.750% | 688.21 Mil | |
| Putnam Managed Muni Income
PMM
| — | — | 3.03% | 9.96 | 8.48% | −2.09% | — | 311.49 Mil |
| Principal Opportunistic Municipal Instl
POMFX
| 4.38% | 4.43% | 6.97 | 6.54% | −1.89% | 0.560% | 149.26 Mil |