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 #22 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 National Muni Bond ETF
113.79 113.70 113.83 113.67 115.42 106.42 +0.28
(0.25%)
3.55% 5.60% 9.87B 0.07% A
Strong Buy
SHM
SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF
48.85 48.83 48.85 48.80 49.36 47.41 +0.02
(0.04%)
2.36% 2.41% 3.70B 0.20% A
Strong Buy
TFI
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF
50.54 50.55 50.60 50.40 51.43 46.64 +0.10
(0.20%)
3.97% 6.56% 2.79B 0.23% A
Strong Buy
PZA
Invesco National AMT-Free Municipal Bond ETFo
26.50 26.47 26.50 26.46 26.85 24.28 +0.05
(0.19%)
4.03% 6.85% 1.66B 0.28% A
Strong Buy
ITM
VanEck Vectors AMT-Free Intermediate Municipal Index ETF
50.17 50.18 50.20 50.14 51.11 45.86 +0.12
(0.24%)
110.05% 7.43% 1.66B 0.24% A
Strong Buy
SUB
iShares Short-Term National Muni Bond ETF
106.40 106.38 106.45 106.31 107.21 104.25 +0.02
(0.02%)
1.82% 1.65% 1.60B 0.07% A
Strong Buy
CMF
iShares California Muni Bond ETF
60.97 60.92 61.06 60.75 62.04 56.90 +0.14
(0.23%)
3.81% 5.18% 1.09B 0.25% A
Strong Buy
BAB
Invesco Taxable Municipal Bond ETF
32.18 32.26 32.26 32.15 33.15 28.53 +0.10
(0.31%)
6.68% 10.70% 942.12M 0.28% A
Strong Buy
NYF
iShares New York Muni Bond ETF
57.09 57.09 57.13 57.06 57.88 53.44 +0.04
(0.07%)
3.20% 5.24% 305.87M 0.25% A
Strong Buy
IBMI
iShares iBonds Sep 2020 Term Muni Bond ETF
25.52 25.53 25.53 25.51 25.62 25.17 +0.01
(0.04%)
1.04% 0.89% 294.41M 0.18% A
Strong Buy
MUNI
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
55.14 55.09 55.15 55.06 56.06 51.69 +0.05
(0.09%)
3.65% 5.07% 275.35M 0.35% A
Strong Buy
IBMH
iShares iBonds Sep 2019 Term Muni Bond ETF
25.43 25.44 25.45 25.43 25.47 25.29 0.00
(0.00%)
0.80% 0.24% 265.33M 0.18% A
Strong Buy
PWZ
Invesco California AMT-Free Municipal Bond Portfolio
27.29 27.31 27.31 27.20 27.70 25.05 +0.05
(0.18%)
4.53% 6.72% 251.04M 0.28% A
Strong Buy
IBMK
iShares iBonds Dec 2022 Term Muni Bond ETF
26.10 26.07 26.11 26.05 26.36 25.21 +0.04
(0.15%)
2.16% 2.63% 214.70M 0.18% A
Strong Buy
IBMJ
iShares iBonds Dec 2021 Term Muni Bond ETF
25.74 25.74 25.75 25.72 25.91 25.16 +0.01
(0.04%)
1.72% 1.70% 204.71M 0.18% A
Strong Buy
SMB
VanEck Vectors AMT-Free Short Municipal Index ETF
17.67 17.68 17.68 17.65 17.88 17.09 +0.01
(0.06%)
2.96% 2.94% 203.75M 0.20% A
Strong Buy
MLN
VanEck Vectors AMT-Free Long Municipal Index ETF
20.99 20.99 21.02 20.87 21.47 18.89 +0.08
(0.38%)
4.31% 8.36% 157.09M 0.24% A
Strong Buy
MEAR
iShares Short Maturity Municipal Bond ETF
50.09 50.12 50.13 50.05 50.68 49.71 -0.01
(-0.02%)
0.98% 0.38% 87.33M 0.25% A
Strong Buy
IBML
iShares iBonds Dec 2023 Term Muni Bond ETF
25.69 25.70 25.70 25.65 26.04 24.60 +0.03
(0.12%)
2.41% 3.48% 82.50M 0.18% A
Strong Buy
SMMU
Short Term Municipal Bond Active Exchange-Traded Fund
50.57 50.56 50.57 50.51 51.10 49.48 +0.08
(0.16%)
1.95% 1.49% 70.35M 0.35% A
Strong Buy
PZT
Invesco New York AMT-Free Municipal Bond ETF
25.35 25.41 25.42 25.24 25.91 23.24 +0.02
(0.08%)
4.07% 7.03% 64.88M 0.28% A
Strong Buy
PVI
Invesco VRDO Tax Free Weekly ETF
24.92 24.92 24.93 24.92 25.94 24.84 0.00
(0.00%)
0.58% 0.04% 62.33M 0.25% A
Strong Buy
RVNU
Deutsche X-Trackers Municipal Infrastructure Revenue Bond ETF
28.11 28.10 28.14 27.85 28.63 25.55 +0.06
(0.21%)
4.44% 7.54% 56.76M 0.30% A
Strong Buy
MCEF
First Trust Municipal CEF Income Opportunity ETF
19.24 19.26 19.26 19.24 19.71 16.96 +0.02
(0.10%)
4.25% 9.54% 13.43M 0.75% A
Strong Buy
CUMB
Virtus Cumberland Municipal Bond ETF
24.83 24.77 24.83 24.77 25.22 24.08 0.00
(0.00%)
-1.28% 1.24% 12.49M 0.59% A
Strong Buy
VTEB
Vanguard Tax-Exempt Bond ETF
53.42 53.41 53.44 53.38 54.19 49.85 +0.08
(0.15%)
4.11% 5.68% N/A N/A A
Strong Buy
XMPT
VanEck Vectors CEF Municipal Income ETF
27.32 27.27 27.36 27.26 28.00 23.01 +0.15
(0.55%)
4.30% 10.43% N/A N/A A
Strong Buy
FMB
First Trust Managed Municipal ETF
55.48 55.50 55.52 55.33 56.22 51.51 +0.07
(0.13%)
4.77% 6.10% N/A N/A A
Strong Buy
MMIT
MacKay Shields Municipal Intermediate ETF
26.22 26.22 26.22 26.22 26.61 24.41 +0.04
(0.15%)
6.46% 8.10% 29.70M 0.40% NR
Not Rated
FMHI
First Trust Municipal High Income ETF
53.15 53.27 53.33 53.13 54.62 49.18 -0.05
(-0.09%)
6.75% 5.88% 27.82M 0.55% NR
Not Rated
HTAB
Hartford Schroders Tax-Aware Bond ETF
21.02 21.02 21.02 21.02 22.00 19.61 +0.01
(0.05%)
5.04% 6.10% 21.02M 0.44% NR
Not Rated
FCAL
First Trust California Municipal High income ETF
53.25 53.25 53.27 53.15 54.68 48.95 0.00
(0.00%)
4.53% 6.82% 17.60M 0.50% NR
Not Rated
MMIN
IQ MacKay Shields Municipal Insured ETF
26.24 26.23 26.24 26.20 28.32 24.32 +0.05
(0.19%)
5.26% 6.21% 16.15M 0.30% NR
Not Rated
IBMM
iShares iBonds Dec 2024 Term Muni Bond ETF
26.25 26.28 26.28 26.22 26.69 24.83 +0.03
(0.11%)
4.93% 4.81% 13.89M 0.18% NR
Not Rated
HMOP
Hartford Municipal Opportunities ETF
41.86 41.87 41.88 41.81 44.52 39.08 +0.05
(0.12%)
5.12% 5.93% 11.93M 0.35% NR
Not Rated
FLMI
Franklin Liberty Intermediate Municipal Opportunities ETF
25.53 25.55 25.55 25.53 25.92 24.00 +0.02
(0.08%)
3.05% 4.87% 7.36M 0.30% NR
Not Rated
FLMB
Franklin Liberty Municipal Bond ETF
26.01 26.05 26.06 25.98 27.66 23.75 +0.07
(0.27%)
4.81% 7.21% 7.30M 0.30% NR
Not Rated
IBMN
iShares iBonds Dec 2025 Term Muni Bond ETF
26.98 26.99 26.99 26.96 27.52 25.18 +0.06
(0.22%)
0.00% 7.17% N/A N/A NR
Not Rated
FUMB
First Trust Ultra Short Duration Municipal ETF
20.11 20.14 20.14 20.11 20.42 19.99 0.00
(0.00%)
0.00% 0.15% N/A N/A NR
Not Rated
FSMB
First Trust Short Duration Managed Municipal ETF
20.48 20.51 20.51 20.46 20.62 20.06 0.00
(0.00%)
0.00% 1.94% N/A N/A NR
Not Rated
TAXF
American Century Diversified Municipal Bond ETF
52.73 52.75 52.75 52.71 53.45 49.33 +0.13
(0.25%)
0.00% 5.43% N/A N/A 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
MAAX
VanEck Vectors Municipal Allocation ETF
25.54 25.53 25.54 25.53 25.91 25.04 +0.09
(0.35%)
0.00% 1.98% N/A N/A NR
Not Rated
MUST
Columbia Multi-Sector Municipal Income ETF
21.55 21.55 21.55 21.55 21.93 19.68 +0.02
(0.09%)
0.00% 7.75% N/A N/A NR
Not Rated
JMST
JPMorgan Ultra-Short Municipal ETF
50.44 50.44 50.45 50.43 50.59 50.04 +0.01
(0.02%)
0.00% 0.78% N/A N/A NR
Not Rated
JMUB
JPMorgan Municipal ETF
54.09 54.08 54.11 54.06 54.87 50.04 +0.09
(0.17%)
0.00% 7.95% N/A N/A NR
Not Rated
IBMP
iShares iBonds Dec 2027 Term Muni Bond ETF
25.90 25.91 25.91 25.89 26.42 25.00 +0.06
(0.23%)
0.00% 3.29% N/A N/A NR
Not Rated
IBMQ
iShares iBonds Dec 2028 Term Muni Bond ETF
26.02 26.03 26.04 26.02 26.56 25.07 +0.04
(0.15%)
0.00% 3.83% N/A N/A NR
Not Rated
IBMO
iShares iBonds Dec 2026 Term Muni Bond ETF
25.82 25.81 25.82 25.81 26.31 24.98 +0.04
(0.16%)
0.00% 3.12% N/A N/A NR
Not Rated

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