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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 Interm37.58 Bil0.050%404028Passive
Vanguard Tax-Exempt Bond ETFVTEBMuni National Interm34.65 Bil0.050%4838—Passive
iShares Short-Term National Muni Bd ETFSUBMuni National Short8.73 Bil0.070%526263Passive
SPDR® Nuveen Blmbg ST MunBd ETFSHMMuni National Short3.85 Bil0.200%918978Passive
SPDR® Nuveen Blmbg Muni Bd ETFTFIMuni National Long3.58 Bil0.230%818285Passive
VanEck High Yield Muni ETFHYDHigh Yield Muni2.95 Bil0.320%879573Passive
Invesco National AMT-Free Muni Bd ETFPZAMuni National Long2.82 Bil0.280%716922Passive
iShares California Muni Bond ETFCMFMuni California Long2.80 Bil0.250%375979Passive
JPMorgan Ultra-Short Municipal Inc ETFJMSTMuni National Short2.62 Bil0.180%139—Active
SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETFHYMBHigh Yield Muni2.62 Bil0.350%655954Passive
First Trust Managed Municipal ETFFMBMuni National Interm1.98 Bil0.650%7344—Active
VanEck Intermediate Muni ETFITMMuni National Interm1.82 Bil0.180%937930Passive
PIMCO Intermediate Municipal Bd Actv ETFMUNIMuni National Interm1.45 Bil0.350%182134Active
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 Long852.20 Mil0.280%644533Passive
Capital Group Municipal Income ETFCGMUMuni National Interm705.53 Mil0.270%———Active
iShares New York Muni Bond ETFNYFMuni New York Long697.34 Mil0.250%124767Passive
IQ MacKay Municipal Intermediate ETFMMITMuni National Interm659.00 Mil0.310%4811—Active
BlackRock Short Maturity Muncpl Bd ETFMEARMuni National Short617.79 Mil0.250%913—Active
First Trust Municipal High Income ETFFMHIHigh Yield Muni607.54 Mil0.700%4521—Active
PIMCO Short Term Municipal Bond Actv ETFSMMUMuni National Short574.70 Mil0.350%341823Active
iShares iBonds Dec 2025 Term Muni Bd ETFIBMNMuni Target Maturity535.74 Mil0.180%3174—Passive
AB Tax-Aware Short Duration ETFTAFIMuni National Short506.20 Mil0.270%———Active
IQ MacKay Municipal Insured ETFMMINMuni National Long463.98 Mil0.310%5623—Active
iShares iBonds Dec 2024 Term Muni BondIBMMMuni Target Maturity457.12 Mil0.180%91—Passive
iShares iBonds Dec 2026 Term Muni Bd ETFIBMOMuni Target Maturity454.73 Mil0.180%4254—Passive
VanEck Long Muni ETFMLNMuni National Long451.87 Mil0.240%959451Passive
American Century Divers Muncpl Bd ETFTAXFMuni National Interm440.11 Mil0.290%466—Active
Vanguard Short-Term Tax-Exmpt Bd ETFVTESMuni National Short438.20 Mil0.070%———Passive
iShares iBonds Dec 2027 Term Muni Bd ETFIBMPMuni Target Maturity423.95 Mil0.180%5094—Passive
First Trust Short Dur Mgd Muncpl ETFFSMBMuni National Short416.98 Mil0.550%6232—Active
Hartford Municipal Opportunities ETFHMOPMuni National Interm407.07 Mil0.290%219—Active
Columbia Multi-Sector Municipal Inc ETFMUSTMuni National Interm406.43 Mil0.230%5912—Passive
VanEck Short High Yield Muni ETFSHYDHigh Yield Muni322.21 Mil0.350%387399Passive
Schwab Municipal Bond ETFSCMBMuni National Interm317.40 Mil0.030%———Passive
iShares iBonds Dec 2028 Term Muni Bd ETFIBMQMuni Target Maturity314.87 Mil0.180%6720—Passive
Dimensional California Municipal Bd ETFDFCAMuni California Intermediate274.72 Mil0.190%———Active
VanEck Short Muni ETFSMBMuni National Short255.85 Mil0.070%857450Passive
VanEck CEF Municipal Income ETFXMPTHigh Yield Muni228.29 Mil1.820%1009769Passive
First Trust California Muni Hi Inc ETFFCALMuni California Long220.09 Mil0.650%2524—Active
Invesco BulletShares (R) 2025MuncplBdETFBSMPMuni Target Maturity216.90 Mil0.180%17——Passive
JPMorgan Sustainable Municipal Inc ETFJMSIMuni National Interm211.06 Mil0.180%646563Active
Franklin Dynamic Municipal Bond ETFFLMIHigh Yield Muni209.17 Mil0.300%69—Active
First Trust Ultra Short Dur Muncpl ETFFUMBMuni National Short203.86 Mil0.450%2333—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 Muni173.97 Mil0.350%938795Active
PIMCO Muncpl Income Oppos Act Ex-TrdMINOMuni National Interm151.40 Mil0.390%———Active
Avantis Core Municipal Fixed Inc ETFAVMUMuni National Interm143.39 Mil0.150%61——Active

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