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Municipal Bond Funds

Fixed-income funds that distribute income that is not subject to taxation at the federal, state, and sometimes local levels.

Fund Name
Morningstar Category
Adjusted Expense Ratio %
Return Rank in Category 3Y %
Return Rank in Category 5Y %
Return Rank in Category 10Y %
Fidelity® Conservative Inc Muni Bd Fund
Muni National Short
0.250
82
82
—
Fidelity® Intermediate Municipal Inc Fd
Muni National Interm
0.350
45
45
67
Fidelity® Limited Term Muni Inc Fund
Muni National Short
0.370
20
20
23
Fidelity® Maryland Municipal Income Fund
Muni Single State Long
0.550
68
34
53
Fidelity® Massachusetts Municipal Inc Fd
Muni Massachusetts
0.450
34
19
29
Fidelity® Michigan Municipal Income Fund
Muni Single State Long
0.480
12
9
29
Fidelity® Minnesota Municipal Income Fd
Muni Minnesota
0.490
19
30
58
Fidelity® Municipal Bond Index Fund
Muni National Interm
0.070
—
—
—
Fidelity® Municipal Inc 2025 Fd
Muni Target Maturity
0.400
6
—
—
Fidelity® Municipal Income 2021 Fund
Muni Target Maturity
0.400
95
64
—
Fidelity® Municipal Income 2023 Fund
Muni Target Maturity
0.400
36
1
—
Fidelity® Municipal Income Fund
Muni National Long
0.450
52
43
53
Fidelity® New Jersey Municipal Income Fd
Muni New Jersey
0.470
27
18
38
Fidelity® New York Municipal Income Fund
Muni New York Long
0.460
57
51
53
Fidelity® Ohio Municipal Income Fund
Muni Ohio
0.480
44
29
30
Fidelity® Pennsylvania Municipal Inc Fd
Muni Pennsylvania
0.480
31
26
37
Fidelity® SAI Municipal Bond Index Fund
Muni National Interm
0.070
—
—
—
Fidelity® SAI Municipal Income Fund
Muni National Long
0.360
—
—
—
Fidelity® SAI Tax-Free Bond Fund
Muni National Interm
0.250
—
—
—
Fidelity® Tax Free Bond Fund
Muni National Long
0.250
43
39
42
Franklin Alabama Tax Free Income Fund
Muni Single State Long
0.760
51
38
35
Franklin Arizona Tax Free Income Fund
Muni Single State Long
0.660
36
23
27
Franklin California High Yield Munipl Fd
Muni California Long
0.650
13
13
9
Franklin California Interm-TrmTx-FrIncFd
Muni California Intermediate
0.590
64
57
51
Franklin California Tax Free Income Fund
Muni California Long
0.610
23
31
39
Franklin Colorado Tax Free Income Fund
Muni Single State Long
0.690
23
33
27
Franklin Connecticut Tax-Free Income Fd
Muni Single State Long
0.780
82
80
87
Franklin Federal Intermdt-Trm Tx-FrIncFd
Muni National Interm
0.560
88
89
75
Franklin Federal Limited-Term T/F Inc Fd
Muni National Short
0.550
30
54
51
Franklin Federal Tax Free Income Fund
Muni National Long
0.620
64
79
64
Franklin Florida Tax Free Income Fund
Muni Single State Long
0.700
50
61
74
Franklin Georgia Tax Free Income Fund
Muni Single State Long
0.710
62
58
39
Franklin High Yield Tax Free Income Fund
High Yield Muni
0.640
33
70
74
Franklin Kentucky Tax-Free Income Fund
Muni Single State Long
0.820
75
64
60
Franklin Louisiana Tax-Free Income Fund
Muni Single State Long
0.710
37
42
40
Franklin Maryland Tax Free Income Fund
Muni Single State Long
0.730
63
56
72
Franklin Massachusetts Tx-Fr Inc Fund
Muni Massachusetts
0.720
54
27
32
Franklin Michigan Tax-Free Inc Fund
Muni Single State Long
0.670
7
15
50
Franklin Minnesota Tax-Free Inc Fund
Muni Minnesota
0.680
21
38
44
Franklin Missouri Tax Free Income Fund
Muni Single State Long
0.660
20
40
53
Franklin Municipal Green Bond Fund
Muni National Long
0.460
—
—
—
Franklin New Jersey Tax Free Income Fund
Muni New Jersey
0.670
71
78
81
Franklin New York Interm-Tm Tx-Fr Inc Fd
Muni New York Intermediate
0.690
54
53
39
Franklin New York Tax Free Income Fund
Muni New York Long
0.630
60
78
85
Franklin North Carolina Tax-Free Inc Fd
Muni Single State Long
0.670
49
66
82
Franklin Ohio Tax-Free Inc Fd
Muni Ohio
0.660
27
18
34
Franklin Oregon Tax Free Income Fund
Muni Single State Long
0.650
45
35
51
Franklin Pennsylvania Tax-Free Incd Fd
Muni Pennsylvania
0.670
75
74
65
Franklin Templeton SMACS: Series CH
Muni California Intermediate
—
—
—
—
Franklin Templeton SMACS: Series H
Muni National Interm
0.000
—
—
—
Franklin Tennessee Municipal Bond Fund
Muni Single State Long
0.780
74
72
72
Franklin Virginia Tax Free Income Fund
Muni Single State Long
0.690
64
67
77
Frost Municipal Bond Fund
Muni National Interm
0.470
74
85
87
Glenmede High Yield Municipal Portfolio
High Yield Muni
1.000
53
41
—
Glenmede Municipal Intermediate Port
Muni National Interm
0.240
75
77
94
Glenmede Short Term Tax Aware F/I Port
Muni National Short
0.560
65
—
—
Goldman Sachs Dynamic Municipal Inc Fd
Muni National Interm
0.720
13
8
10
Goldman Sachs High Yield Municipal Fund
High Yield Muni
0.540
4
4
10
Goldman Sachs Short Duration T/F Fd
Muni National Short
0.380
21
22
32
Green California Tax-Free Income Fund
Muni California Intermediate
0.750
78
81
72
Guggenheim Municipal Income Fund
Muni National Long
0.950
68
71
69
GuideMark® Tax-Exempt Fixed Income Fund
Muni National Interm
1.290
71
63
63
Hancock Horizon LA Tax-Free Income Fund
Muni Single State Long
0.750
79
53
—
Hancock Horizon MS Tax-Free Income Fund
Muni Single State Interm
0.750
22
18
—
Hartford Municipal Income Fund
Muni National Interm
0.470
6
3
—
Hartford Municipal Opportunities Fund
Muni National Interm
0.460
12
13
9
Hartford Municipal Short Duration Fund
Muni National Short
0.470
21
21
—
Hawaii Municipal Fund
Muni Single State Interm
0.960
79
67
39
Hawaiian Tax Free Trust
Muni Single State Interm
0.880
84
87
91
Idaho Tax Exempt Fund
Muni Single State Interm
0.690
46
48
66
Invesco AMT-Free Municipal Fd
High Yield Muni
0.740
2
3
4
Invesco California MncplFd
Muni California Long
0.730
2
2
6
Invesco Environmental Focus Muni Fd
Muni National Long
0.700
—
—
—
Invesco High Yield Municipal Fund
High Yield Muni
0.860
48
33
25
Invesco Intermediate Term Muni Inc Fd
Muni National Interm
0.840
69
50
41
Invesco Limited Term Municipal Income Fd
Muni National Short
0.360
12
16
3
Invesco Ltd Tm CA Mncpl Fd
Muni Single State Short
0.780
9
5
3
Invesco Municipal Income Fund
Muni National Long
0.820
63
52
48
Invesco New Jersey Muncpl Fd
Muni New Jersey
0.970
3
9
10
Invesco Pennsylvania Muncpl
Muni Pennsylvania
0.820
2
2
2
Invesco Rochester® AMT-FrNYMncpl Fd
Muni New York Long
0.820
8
8
5
Invesco Rochester® Ltd Tm NY Mncpl Fd
Muni Single State Short
0.750
3
7
11
Invesco Rochester® Municipal Opps
High Yield Muni
0.690
1
1
3
Invesco Rochester® New York Municipal Fd
Muni New York Long
0.780
2
2
2
Invesco Short Duration High Yld Muni Fd
High Yield Muni
0.650
94
69
—
Invesco Short Term Municipal
Muni National Short
0.510
36
17
15
Ivy California Municipal High Income Fd
Muni California Long
0.610
74
—
—
Ivy Municipal Bond Fund
Muni National Interm
1.720
99
100
90
Ivy Municipal High Income Fund
High Yield Muni
0.610
66
85
82
JHancock CA Tax-Free Income Fund
Muni California Long
0.840
85
70
58
JHancock Tax-Free Bond Fund
Muni National Long
0.820
83
81
82
JPMorgan California Tax Free Bond Fund
Muni California Intermediate
0.500
43
54
61
JPMorgan High Yield Municipal Fund
High Yield Muni
0.550
42
70
95
JPMorgan Intermediate Tax Free Bond Fund
Muni National Interm
0.400
45
65
83
JPMorgan New York Tax Free Bond Fund
Muni New York Intermediate
0.750
71
69
81
JPMorgan Short-Intermediate Muncpl Bd Fd
Muni National Short
0.700
27
35
60
JPMorgan Sustainable Municipal Income Fd
Muni National Interm
0.450
56
59
74
JPMorgan Tax Aware Real Return Fund
Muni National Short
0.500
42
16
20
JPMorgan Tax Free Bond Fund
Muni National Long
0.670
62
65
87
JPMorgan Ultra-Short Municipal Fund
Muni National Short
0.250
83
—
—

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