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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 Interm37.60 Bil0.050%424230Passive
Vanguard Tax-Exempt Bond ETFVTEBMuni National Interm34.65 Bil0.050%4940—Passive
iShares Short-Term National Muni Bd ETFSUBMuni National Short8.73 Bil0.070%536162Passive
SPDR® Nuveen Blmbg ST MunBd ETFSHMMuni National Short3.85 Bil0.200%918979Passive
SPDR® Nuveen Blmbg Muni Bd ETFTFIMuni National Long3.58 Bil0.230%808483Passive
VanEck High Yield Muni ETFHYDHigh Yield Muni2.96 Bil0.320%889871Passive
Invesco National AMT-Free Muni Bd ETFPZAMuni National Long2.83 Bil0.280%717023Passive
iShares California Muni Bond ETFCMFMuni California Long2.80 Bil0.250%365980Passive
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETFHYMBHigh Yield Muni2.62 Bil0.350%665953Passive
JPMorgan Ultra-Short Municipal Inc ETFJMSTMuni National Short2.62 Bil0.180%138—Active
First Trust Managed Municipal ETFFMBMuni National Interm1.98 Bil0.650%72423Active
VanEck Intermediate Muni ETFITMMuni National Interm1.82 Bil0.180%938132Passive
PIMCO Intermediate Municipal Bd Actv ETFMUNIMuni National Interm1.45 Bil0.350%172334Active
JPMorgan Municipal ETFJMUBMuni National Interm1.40 Bil0.180%108—Active
Dimensional National Municipal Bond ETFDFNMMuni National Short1.25 Bil0.170%———Active
Invesco California AMT-Free Muni Bd ETFPWZMuni California Long853.59 Mil0.280%644533Passive
Capital Group Municipal Income ETFCGMUMuni National Interm705.83 Mil0.270%———Active
iShares New York Muni Bond ETFNYFMuni New York Long697.67 Mil0.250%124767Passive
IQ MacKay Municipal Intermediate ETFMMITMuni National Interm659.14 Mil0.310%5012—Active
BlackRock Short Maturity Muncpl Bd ETFMEARMuni National Short617.81 Mil0.250%812—Active
First Trust Municipal High Income ETFFMHIHigh Yield Muni608.05 Mil0.700%4722—Active
PIMCO Short Term Municipal Bond Actv ETFSMMUMuni National Short574.80 Mil0.350%352022Active
iShares iBonds Dec 2025 Term Muni Bd ETFIBMNMuni Target Maturity535.74 Mil0.180%3154—Passive
AB Tax-Aware Short Duration ETFTAFIMuni National Short506.30 Mil0.270%———Active
IQ MacKay Municipal Insured ETFMMINMuni National Long464.35 Mil0.310%5823—Active
iShares iBonds Dec 2024 Term Muni BondIBMMMuni Target Maturity457.32 Mil0.180%91—Passive
iShares iBonds Dec 2026 Term Muni Bd ETFIBMOMuni Target Maturity454.73 Mil0.180%4274—Passive
VanEck Long Muni ETFMLNMuni National Long452.43 Mil0.240%969554Passive
Vanguard Short-Term Tax-Exmpt Bd ETFVTESMuni National Short443.16 Mil0.070%———Passive
American Century Divers Muncpl Bd ETFTAXFMuni National Interm440.11 Mil0.290%487—Active
iShares iBonds Dec 2027 Term Muni Bd ETFIBMPMuni Target Maturity423.88 Mil0.180%5094—Passive
First Trust Short Dur Mgd Muncpl ETFFSMBMuni National Short418.00 Mil0.550%6432—Active
Hartford Municipal Opportunities ETFHMOPMuni National Interm407.26 Mil0.290%2310—Active
Columbia Multi-Sector Municipal Inc ETFMUSTMuni National Interm406.40 Mil0.230%6013—Passive
VanEck Short High Yield Muni ETFSHYDHigh Yield Muni322.32 Mil0.350%417299Passive
Schwab Municipal Bond ETFSCMBMuni National Interm317.40 Mil0.030%———Passive
iShares iBonds Dec 2028 Term Muni Bd ETFIBMQMuni Target Maturity314.73 Mil0.180%6734—Passive
Dimensional California Municipal Bd ETFDFCAMuni California Intermediate276.07 Mil0.190%———Active
VanEck Short Muni ETFSMBMuni National Short255.84 Mil0.070%847450Passive
VanEck CEF Municipal Income ETFXMPTHigh Yield Muni228.45 Mil1.820%1009566Passive
First Trust California Muni Hi Inc ETFFCALMuni California Long220.23 Mil0.650%3026—Active
Invesco BulletShares (R) 2025MuncplBdETFBSMPMuni Target Maturity216.90 Mil0.180%17——Passive
Franklin Dynamic Municipal Bond ETFFLMIHigh Yield Muni211.74 Mil0.300%914—Active
JPMorgan Sustainable Municipal Inc ETFJMSIMuni National Interm211.20 Mil0.180%616361Active
First Trust Ultra Short Dur Muncpl ETFFUMBMuni National Short203.88 Mil0.450%2434—Active
Invesco BulletShares (R) 2024MuncplBdETFBSMOMuni Target Maturity201.40 Mil0.180%1——Passive
Invesco BulletShares (R) 2026MuncplBdETFBSMQMuni Target Maturity190.10 Mil0.180%75——Passive
JPMorgan High Yield Municipal ETFJMHIHigh Yield Muni174.24 Mil0.350%938894Active
PIMCO Muncpl Income Oppos Act Ex-TrdMINOMuni National Interm151.62 Mil0.390%———Active
Avantis Core Municipal Fixed Inc ETFAVMUMuni National Interm143.42 Mil0.150%65——Active

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