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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 Interm37.64 Bil0.050%413931Passive
Vanguard Tax-Exempt Bond ETFVTEBMuni National Interm34.65 Bil0.050%4940—Passive
iShares Short-Term National Muni Bd ETFSUBMuni National Short8.73 Bil0.070%526361Passive
SPDR® Nuveen Blmbg ST MunBd ETFSHMMuni National Short3.85 Bil0.200%928977Passive
SPDR® Nuveen Blmbg Muni Bd ETFTFIMuni National Long3.58 Bil0.230%818385Passive
VanEck High Yield Muni ETFHYDHigh Yield Muni2.96 Bil0.320%879772Passive
Invesco National AMT-Free Muni Bd ETFPZAMuni National Long2.83 Bil0.280%716922Passive
iShares California Muni Bond ETFCMFMuni California Long2.81 Bil0.250%355776Passive
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETFHYMBHigh Yield Muni2.63 Bil0.350%635854Passive
JPMorgan Ultra-Short Municipal Inc ETFJMSTMuni National Short2.62 Bil0.180%138—Active
First Trust Managed Municipal ETFFMBMuni National Interm1.98 Bil0.650%72413Active
VanEck Intermediate Muni ETFITMMuni National Interm1.82 Bil0.180%938132Passive
PIMCO Intermediate Municipal Bd Actv ETFMUNIMuni National Interm1.46 Bil0.350%171935Active
JPMorgan Municipal ETFJMUBMuni National Interm1.40 Bil0.180%106—Active
Dimensional National Municipal Bond ETFDFNMMuni National Short1.26 Bil0.170%———Active
Invesco California AMT-Free Muni Bd ETFPWZMuni California Long854.65 Mil0.280%644533Passive
Capital Group Municipal Income ETFCGMUMuni National Interm708.13 Mil0.270%———Active
iShares New York Muni Bond ETFNYFMuni New York Long698.28 Mil0.250%185367Passive
IQ MacKay Municipal Intermediate ETFMMITMuni National Interm662.04 Mil0.310%4911—Active
BlackRock Short Maturity Muncpl Bd ETFMEARMuni National Short617.90 Mil0.250%913—Active
First Trust Municipal High Income ETFFMHIHigh Yield Muni609.23 Mil0.700%4416—Active
PIMCO Short Term Municipal Bond Actv ETFSMMUMuni National Short577.10 Mil0.350%341822Active
iShares iBonds Dec 2025 Term Muni Bd ETFIBMNMuni Target Maturity535.74 Mil0.180%3154—Passive
AB Tax-Aware Short Duration ETFTAFIMuni National Short506.51 Mil0.270%———Active
IQ MacKay Municipal Insured ETFMMINMuni National Long465.01 Mil0.310%5824—Active
iShares iBonds Dec 2024 Term Muni BondIBMMMuni Target Maturity457.40 Mil0.180%91—Passive
VanEck Long Muni ETFMLNMuni National Long454.97 Mil0.240%969554Passive
iShares iBonds Dec 2026 Term Muni Bd ETFIBMOMuni Target Maturity454.73 Mil0.180%4274—Passive
Vanguard Short-Term Tax-Exmpt Bd ETFVTESMuni National Short443.34 Mil0.070%———Passive
American Century Divers Muncpl Bd ETFTAXFMuni National Interm440.90 Mil0.290%477—Active
iShares iBonds Dec 2027 Term Muni Bd ETFIBMPMuni Target Maturity426.62 Mil0.180%5094—Passive
First Trust Short Dur Mgd Muncpl ETFFSMBMuni National Short418.18 Mil0.550%6432—Active
Hartford Municipal Opportunities ETFHMOPMuni National Interm408.57 Mil0.290%228—Active
Columbia Multi-Sector Municipal Inc ETFMUSTMuni National Interm406.74 Mil0.230%6113—Passive
VanEck Short High Yield Muni ETFSHYDHigh Yield Muni322.59 Mil0.350%407399Passive
Schwab Municipal Bond ETFSCMBMuni National Interm317.82 Mil0.030%———Passive
iShares iBonds Dec 2028 Term Muni Bd ETFIBMQMuni Target Maturity314.85 Mil0.180%6734—Passive
Dimensional California Municipal Bd ETFDFCAMuni California Intermediate276.22 Mil0.190%———Active
VanEck Short Muni ETFSMBMuni National Short255.94 Mil0.070%847551Passive
VanEck CEF Municipal Income ETFXMPTHigh Yield Muni229.38 Mil1.820%1009567Passive
First Trust California Muni Hi Inc ETFFCALMuni California Long220.42 Mil0.650%2924—Active
Invesco BulletShares (R) 2025MuncplBdETFBSMPMuni Target Maturity216.99 Mil0.180%17——Passive
Franklin Dynamic Municipal Bond ETFFLMIHigh Yield Muni211.95 Mil0.300%710—Active
JPMorgan Sustainable Municipal Inc ETFJMSIMuni National Interm211.50 Mil0.180%616361Active
First Trust Ultra Short Dur Muncpl ETFFUMBMuni National Short203.93 Mil0.450%2432—Active
Invesco BulletShares (R) 2024MuncplBdETFBSMOMuni Target Maturity201.47 Mil0.180%1——Passive
Invesco BulletShares (R) 2026MuncplBdETFBSMQMuni Target Maturity190.17 Mil0.180%75——Passive
JPMorgan High Yield Municipal ETFJMHIHigh Yield Muni174.51 Mil0.350%938794Active
PIMCO Muncpl Income Oppos Act Ex-TrdMINOMuni National Interm151.76 Mil0.390%———Active
Avantis Core Municipal Fixed Inc ETFAVMUMuni National Interm143.42 Mil0.150%63——Active

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