Municipal Bonds ETFs


Most of these ETFs invest in municipal bonds issued by state and local governments in the United States. Municipal bonds are usually issued when governments require funding for certain civic projects. For example, they are commonly issued for building hospitals, airports, and highways. Yields on bonds can vary widely based on several different factors, including the creditworthiness and outstanding debt of the bond issuer, along with the riskiness of the project, among other factors. Similar to our stance on long term bonds, we are a bit more cautious to where bond values may go from here, so investing in municipal bonds may carry much more risk than many have been used to. We therefore view this category as better suited for moderate investors who understand there is growing risk that interest rates may be on the rise at some point.

B

Category Grade

This category ranks #23 out of 65 ETF categories.

A
Strong Buy

Avg. SMART Grade

The average cap-weighted SMART Grade for ETFs in this category is A (Strong Buy).


Fund Symbol/Name Last Open High Low 52-Wk Hi 52-Wk Lo Day Chg YTD Chg 12-Mo Chg AUM Exp. Ratio SMART Grade
MUB
iShares S&P National Municipal Bond Fund
108.33 108.48 108.48 108.12 115.19 106.30 -0.21
(-0.19%)
0.14% -2.85% 8.20B 0.25% A
Strong Buy
SHM
SPDR Nuveen Barclays Capital Short Term Municipal Bond ETF
48.13 48.17 48.19 48.05 49.25 47.67 -0.04
(-0.08%)
0.40% -1.61% 3.33B 0.20% A
Strong Buy
TFI
SPDR Nuveen Barclays Capital Municipal Bond ETF
47.69 47.73 47.74 47.62 50.98 46.81 -0.15
(-0.31%)
0.53% -3.34% 2.08B 0.23% A
Strong Buy
ITM
Market Vectors Intermediate Municipal Index ETF
23.36 23.37 23.38 23.29 24.94 22.74 -0.06
(-0.26%)
0.73% -3.91% 1.47B 0.24% A
Strong Buy
SUB
iShares S&P Short Trm National Muni Bond
105.25 105.34 105.34 105.15 106.72 104.44 +0.05
(0.05%)
0.17% -0.82% 1.34B 0.25% A
Strong Buy
PZA
PowerShares National AMT-Free Municipal Bond Portfolio
25.04 25.02 25.07 24.96 26.64 24.41 -0.06
(-0.24%)
0.60% -2.53% 1.25B 0.28% A
Strong Buy
CMF
iShares S&P California Municipal Bond Fund
115.30 115.33 115.49 115.10 122.50 113.23 -0.06
(-0.05%)
-0.16% -3.46% 719.56M 0.25% A
Strong Buy
VTEB
Tax-Exempt Bond ETF
50.37 50.42 50.42 50.30 52.88 49.32 -0.06
(-0.12%)
0.22% -1.95% 659.38M 0.12% A
Strong Buy
MUNI
PIMCO Intermediate Municipal Bond Exchange-Traded Fund
52.52 52.70 52.71 52.51 55.48 51.73 -0.11
(-0.21%)
0.23% -3.65% 273.27M 0.35% A
Strong Buy
SMB
Market Vectors Short Municipal Index ETF
17.40 17.40 17.42 17.38 17.80 16.99 -0.01
(-0.06%)
0.87% -1.25% 264.23M 0.20% A
Strong Buy
NYF
iShares S&P New York Municipal Bond Fund
109.50 109.58 109.58 109.32 115.51 107.14 -0.11
(-0.10%)
0.56% -2.99% 245.75M 0.25% A
Strong Buy
IBMF
iShares iBonds Sep 2017 AMT-Free Muni Bond ETF
27.27 27.29 27.29 27.26 28.11 27.07 -0.02
(-0.07%)
0.26% -0.44% 200.14M 0.18% A
Strong Buy
PWZ
PowerShares California AMT-Free Municipal Bond Portfolio
25.32 25.40 25.44 25.27 27.29 24.80 -0.13
(-0.51%)
-0.04% -3.03% 192.28M 0.28% A
Strong Buy
IBMG
iShares iBonds Sep 2018 AMT-Free Muni Bond ETF
25.47 25.48 25.48 25.46 25.74 25.29 0.00
(0.00%)
0.28% -0.43% 158.50M 0.18% A
Strong Buy
MLN
Market Vectors Lehman Brothers AMT-Free Long Municipal Index ETF
19.44 19.44 19.47 19.34 21.18 18.66 -0.07
(-0.36%)
0.41% -3.76% 142.15M 0.24% A
Strong Buy
IBMH
iShares iBond Sep 2019 AMT-Free Muni Bond ETF
25.42 25.43 25.45 25.40 26.39 25.15 -0.03
(-0.12%)
0.36% -0.97% 136.40M 0.18% A
Strong Buy
IBMI
iShares iBonds Sep 2020 AMT-Free Muni Bond ETF
25.44 25.45 25.45 25.39 26.08 25.02 -0.01
(-0.04%)
0.79% -1.28% 136.03M 0.18% A
Strong Buy
FMB
First Trust Managed Municipal ETF
51.43 51.39 51.43 51.23 54.39 50.56 -0.11
(-0.21%)
0.47% -2.24% 87.62M 0.50% A
Strong Buy
IBMJ
iBonds Dec 2021 AMT-Free Muni Bond ETF
25.43 25.48 25.51 25.42 26.27 24.92 -0.07
(-0.27%)
0.59% -1.93% 81.87M 0.18% A
Strong Buy
IBMK
iShares iBonds Dec 2022 AMT-Free Muni Bond
25.56 25.57 25.57 25.52 26.54 24.98 -0.02
(-0.08%)
0.87% -2.18% 78.34M 0.18% A
Strong Buy
PVI
PowerShares VRDO Tax-Free Weekly Portfolio
24.90 24.94 24.94 24.90 25.01 24.89 -0.01
(-0.04%)
-0.16% -0.04% 68.53M 0.25% A
Strong Buy
SMMU
PIMCO Short Term Municipal Bond Exchange-Traded Fund
49.79 49.86 49.94 49.66 50.87 48.75 -0.08
(-0.16%)
0.77% -1.37% 67.59M 0.35% A
Strong Buy
PZT
PowerShares New York AMT-Free Municipal Bond Portfolio
23.94 23.98 24.00 23.83 25.74 23.37 +0.02
(0.08%)
0.08% -2.96% 62.19M 0.28% A
Strong Buy
RVNU
Deutsche X-Trackers Municipal Infrastructure Revenue Bond ETF
25.90 25.97 25.98 25.88 28.30 24.89 -0.09
(-0.35%)
0.62% -2.63% 62.14M 0.30% A
Strong Buy
MEAR
iShares Short Maturity Municipal Bond ETF
49.89 49.76 49.89 49.71 52.06 49.65 -0.04
(-0.08%)
0.26% -0.16% 34.85M 0.25% A
Strong Buy
PRB
Market Vectors Pre-Refunded Municipal Index ETF
24.37 24.37 24.37 24.37 25.38 24.10 +0.02
(0.08%)
0.74% -0.98% 19.55M 0.24% A
Strong Buy
BAB
PowerShares Build America Bond Fund
29.11 29.14 29.14 29.00 32.33 28.75 -0.02
(-0.07%)
0.07% -2.32% 989.18M 0.28% B
Buy
XMPT
Market Vectors CEF Municipal Income ETF
26.19 26.79 26.79 26.15 29.96 25.10 -0.03
(-0.11%)
1.47% -2.28% 73.62M 0.40% B
Buy
GMMB
Columbia Intermediate Municipal Bond ETF
52.45 52.45 52.45 52.45 55.22 51.67 +0.31
(0.59%)
0.79% -2.45% 5.21M 0.42% B
Buy
MCEF
First Trust Municipal CEF Income Opportunity ETF
18.48 18.48 18.48 18.48 20.35 17.93 -0.14
(-0.75%)
-0.22% -8.29% 6.40M N/A NR
Not Rated
ITMS
VanEck Vectors AMT-Free 6-8 Year Municipal Index ETF
23.71 23.71 23.71 23.71 25.11 23.43 0.00
(0.00%)
0.04% -4.28% 4.77M 0.24% NR
Not Rated
ITML
VanEck Vectors AMT-Free 12-17 Year Municipal Index ETF
23.51 23.51 23.51 23.51 25.17 22.94 0.00
(0.00%)
0.13% -6.22% 4.71M 0.24% NR
Not Rated
IBME
26.42 26.43 26.45 26.41 26.66 26.32 -0.02
(-0.08%)
-0.38% -0.68% N/A N/A NR
Not Rated

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