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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 Interm37.71 Bil0.050%444430Passive
Vanguard Tax-Exempt Bond ETFVTEBMuni National Interm34.65 Bil0.050%5140—Passive
iShares Short-Term National Muni Bd ETFSUBMuni National Short8.73 Bil0.070%546462Passive
SPDR® Nuveen Blmbg ST MunBd ETFSHMMuni National Short3.85 Bil0.200%928779Passive
SPDR® Nuveen Blmbg Muni Bd ETFTFIMuni National Long3.59 Bil0.230%808483Passive
VanEck High Yield Muni ETFHYDHigh Yield Muni2.99 Bil0.320%889771Passive
Invesco National AMT-Free Muni Bd ETFPZAMuni National Long2.84 Bil0.280%727024Passive
iShares California Muni Bond ETFCMFMuni California Long2.82 Bil0.250%355776Passive
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETFHYMBHigh Yield Muni2.65 Bil0.350%665953Passive
JPMorgan Ultra-Short Municipal Inc ETFJMSTMuni National Short2.62 Bil0.180%128—Active
First Trust Managed Municipal ETFFMBMuni National Interm1.99 Bil0.650%73453Active
VanEck Intermediate Muni ETFITMMuni National Interm1.82 Bil0.180%948133Passive
PIMCO Intermediate Municipal Bd Actv ETFMUNIMuni National Interm1.47 Bil0.350%182435Active
JPMorgan Municipal ETFJMUBMuni National Interm1.41 Bil0.180%128—Active
Dimensional National Municipal Bond ETFDFNMMuni National Short1.25 Bil0.170%———Active
Invesco California AMT-Free Muni Bd ETFPWZMuni California Long854.27 Mil0.280%664832Passive
Capital Group Municipal Income ETFCGMUMuni National Interm717.65 Mil0.270%———Active
iShares New York Muni Bond ETFNYFMuni New York Long703.11 Mil0.250%175367Passive
IQ MacKay Municipal Intermediate ETFMMITMuni National Interm661.81 Mil0.310%5013—Active
BlackRock Short Maturity Muncpl Bd ETFMEARMuni National Short618.00 Mil0.250%812—Active
First Trust Municipal High Income ETFFMHIHigh Yield Muni611.72 Mil0.700%4722—Active
PIMCO Short Term Municipal Bond Actv ETFSMMUMuni National Short578.08 Mil0.350%341822Active
iShares iBonds Dec 2025 Term Muni Bd ETFIBMNMuni Target Maturity518.78 Mil0.180%3154—Passive
AB Tax-Aware Short Duration ETFTAFIMuni National Short506.42 Mil0.270%———Active
IQ MacKay Municipal Insured ETFMMINMuni National Long466.00 Mil0.310%5727—Active
iShares iBonds Dec 2026 Term Muni Bd ETFIBMOMuni Target Maturity457.47 Mil0.180%4274—Passive
iShares iBonds Dec 2024 Term Muni BondIBMMMuni Target Maturity457.42 Mil0.180%91—Passive
VanEck Long Muni ETFMLNMuni National Long457.39 Mil0.240%969656Passive
Vanguard Short-Term Tax-Exmpt Bd ETFVTESMuni National Short443.25 Mil0.070%———Passive
American Century Divers Muncpl Bd ETFTAXFMuni National Interm440.75 Mil0.290%477—Active
iShares iBonds Dec 2027 Term Muni Bd ETFIBMPMuni Target Maturity426.60 Mil0.180%5094—Passive
First Trust Short Dur Mgd Muncpl ETFFSMBMuni National Short418.15 Mil0.550%6333—Active
Hartford Municipal Opportunities ETFHMOPMuni National Interm409.46 Mil0.290%2410—Active
Columbia Multi-Sector Municipal Inc ETFMUSTMuni National Interm406.54 Mil0.230%6314—Passive
VanEck Short High Yield Muni ETFSHYDHigh Yield Muni322.55 Mil0.350%427399Passive
Schwab Municipal Bond ETFSCMBMuni National Interm317.65 Mil0.030%———Passive
iShares iBonds Dec 2028 Term Muni Bd ETFIBMQMuni Target Maturity314.78 Mil0.180%6734—Passive
Dimensional California Municipal Bd ETFDFCAMuni California Intermediate276.14 Mil0.190%———Active
VanEck Short Muni ETFSMBMuni National Short255.91 Mil0.070%857550Passive
VanEck CEF Municipal Income ETFXMPTHigh Yield Muni228.89 Mil1.820%1009566Passive
First Trust California Muni Hi Inc ETFFCALMuni California Long220.38 Mil0.650%2924—Active
Invesco BulletShares (R) 2025MuncplBdETFBSMPMuni Target Maturity216.97 Mil0.180%17——Passive
Franklin Dynamic Municipal Bond ETFFLMIHigh Yield Muni211.95 Mil0.300%914—Active
JPMorgan Sustainable Municipal Inc ETFJMSIMuni National Interm211.39 Mil0.180%626361Active
First Trust Ultra Short Dur Muncpl ETFFUMBMuni National Short203.94 Mil0.450%2331—Active
Invesco BulletShares (R) 2024MuncplBdETFBSMOMuni Target Maturity201.46 Mil0.180%1——Passive
Invesco BulletShares (R) 2026MuncplBdETFBSMQMuni Target Maturity190.15 Mil0.180%75——Passive
JPMorgan High Yield Municipal ETFJMHIHigh Yield Muni174.52 Mil0.350%938794Active
PIMCO Muncpl Income Oppos Act Ex-TrdMINOMuni National Interm153.58 Mil0.390%———Active
Avantis Core Municipal Fixed Inc ETFAVMUMuni National Interm143.43 Mil0.150%65——Active

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