Short-Term National Municipal Bond Funds
Short-term national municipal bond funds invest in bonds issued by state and local governments to fund public projects. The income from these bonds is generally free from federal taxes and/or from state taxes in the issuing state. To lower risk, some of these portfolios spread their assets across many states and sectors. Other portfolios buy bonds from only one state in order to get the state-tax benefit. These portfolios have durations of less than four years (or average maturities of less than five years).
|
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
|
|---|---|---|---|---|---|---|---|---|
| iShares Short-Term National Muni Bd ETF
SUB
| 3.16% | 1.88% | 1.77 | 2.44% | 0.39% | 0.070% | 8.63 Bil | |
| abrdn Ultra Short Municipal Income A1
ATOBX
| 3.71% | 3.63% | 0.10 | 3.80% | 2.02% | 0.700% | 695.04 Mil | |
| abrdn Ultra Short Municipal Inc Instl
ATOIX
| 3.98% | 3.88% | 0.10 | 4.06% | 2.25% | 0.450% | 695.04 Mil | |
| abrdn Ultra Short Municipal Inc A
ATOAX
| 3.74% | 3.63% | 0.10 | 3.70% | 2.02% | 0.700% | 695.04 Mil | |
| Western Asset Short Duration Muni Inc IS
SHDSX
| 2.77% | 2.30% | 2.18 | 3.16% | 0.38% | 0.350% | 369.02 Mil | |
| Western Asset Short Duration Muni Inc I
SMDYX
| 2.72% | 2.25% | 2.18 | 2.90% | 0.25% | 0.400% | 369.02 Mil | |
| Western Asset Short Duration Muni Inc C
SHDLX
| 2.19% | 1.75% | 2.18 | 2.59% | −0.17% | 0.910% | 369.02 Mil | |
| Western Asset Short Duration Muni Inc A
SHDAX
| 2.52% | 2.10% | 2.18 | 2.75% | 0.11% | 0.550% | 369.02 Mil | |
| Victory Tax Exempt Short-Term Inst
USTIX
| 3.27% | 2.93% | 2.31 | 3.99% | 0.50% | 0.460% | 670.73 Mil | |
| Victory Tax Exempt Short-Term Class A
UTESX
| 2.96% | 2.73% | 2.31 | 3.77% | 0.27% | 0.670% | 670.73 Mil | |
| Victory Tax Exempt Short-Term
USSTX
| 3.22% | 2.90% | 2.31 | 3.86% | 0.45% | 0.490% | 670.73 Mil | |
| Vanguard Ultra Short-Term Tx-Ex Adm
VWSUX
| 3.38% | 2.95% | 1.24 | 3.70% | 1.45% | 0.090% | 14.88 Bil | |
| Vanguard Ultra Short-Term Tx-Ex
VWSTX
| 3.30% | 2.87% | 1.24 | 3.62% | 1.37% | 0.170% | 14.88 Bil | |
| Vanguard Short-Term Tax-Exmpt Bd ETF
VTES
| 3.30% | 2.78% | 2.37 | 2.27% | — | 0.070% | 457.68 Mil | |
| Vanguard Ltd-Term Tx-Ex Adm
VMLUX
| 3.48% | 2.63% | 2.38 | 3.35% | 0.64% | 0.090% | 29.18 Bil | |
| Vanguard Ltd-Term Tx-Ex
VMLTX
| 3.40% | 2.55% | 2.38 | 3.27% | 0.56% | 0.170% | 29.18 Bil | |
| VanEck Short Muni ETF
SMB
| 3.26% | 2.10% | 2.32 | 2.60% | −0.30% | 0.070% | 255.95 Mil | |
| T. Rowe Price Tax-Free Shrt-Interm I
TTSIX
| 3.28% | 2.41% | 2.53 | 2.64% | 0.09% | 0.380% | 1.50 Bil | |
| T. Rowe Price Tax-Free Shrt-Interm Adv
PATIX
| 2.80% | 1.92% | 2.53 | 2.33% | −0.35% | 0.830% | 1.50 Bil | |
| T. Rowe Price Tax-Free Shrt-Interm
PRFSX
| 3.14% | 2.26% | 2.53 | 2.68% | −0.05% | 0.520% | 1.50 Bil | |
| Strategic Advisers Tx-Snstv Shrt Dur
FGNSX
| — | 3.20% | — | 3.80% | 1.71% | 0.120% | 3.91 Bil | |
| SPDR® Nuveen Blmbg ST MunBd ETF
SHM
| 2.97% | 1.40% | 2.74 | 1.79% | −0.56% | 0.200% | 3.78 Bil | |
| SEI Tax-Free Conservative Income Y(SIMT)
TFCYX
| 3.40% | 3.33% | 0.10 | 3.45% | 1.98% | 0.200% | 172.04 Mil | |
| SEI Tax-Free Conservative Income F(SIMT)
TFCAX
| 3.30% | 3.23% | 0.10 | 3.35% | 1.87% | 0.300% | 172.04 Mil | |
| SEI Short Duration Municipal Y (STET)
SHYMX
| 3.11% | 2.59% | 1.38 | 3.43% | 1.09% | 0.380% | 833.67 Mil |