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 National Muni Bond ETF
116.54 116.57 116.58 116.39 118.15 100.03 0.00
(0.00%)
4.19% 2.55% 19.59B 0.07% A
Strong Buy
VTEB
Vanguard Tax-Exempt Bond ETF
54.80 54.84 54.84 54.79 55.41 44.00 +0.01
(0.02%)
4.29% 2.62% 9.77B 0.06% A
Strong Buy
SHM
SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF
49.80 49.81 49.82 49.78 50.08 43.04 0.00
(0.00%)
2.43% 1.63% 4.31B 0.20% A
Strong Buy
SUB
iShares Short-Term National Muni Bond ETF
107.93 107.91 107.94 107.82 108.56 97.45 +0.08
(0.07%)
2.17% 1.30% 3.91B 0.07% A
Strong Buy
TFI
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF
52.31 52.34 52.34 52.27 52.74 42.81 -0.02
(-0.04%)
5.13% 3.69% 3.35B 0.23% A
Strong Buy
BAB
Invesco Taxable Municipal Bond ETF
33.09 33.10 33.19 33.03 35.82 22.52 +0.02
(0.06%)
7.54% 3.70% 2.21B 0.28% A
Strong Buy
PZA
Invesco National AMT-Free Municipal Bond ETFo
26.98 26.99 26.99 26.95 27.59 21.07 -0.01
(-0.04%)
4.35% 2.27% 2.16B 0.28% A
Strong Buy
FMB
First Trust Managed Municipal ETF
56.30 56.32 56.33 56.27 57.49 48.96 +0.02
(0.04%)
3.47% 1.77% 1.78B 0.50% A
Strong Buy
ITM
VanEck Vectors ETF Trust VanEck Vectors Intermediate Muni ETF
51.68 51.64 51.79 51.64 52.37 35.77 -0.07
(-0.14%)
4.68% 3.25% 1.73B 0.24% A
Strong Buy
CMF
iShares California Muni Bond ETF
62.72 62.70 62.74 62.69 63.23 53.00 -0.01
(-0.02%)
4.03% 2.70% 1.63B 0.25% A
Strong Buy
MUNI
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
56.51 56.53 56.53 56.49 56.75 48.66 +0.02
(0.04%)
4.10% 2.66% 567.89M 0.35% A
Strong Buy
NYF
iShares New York Muni Bond ETF
57.94 57.96 57.96 57.87 58.92 50.39 +0.04
(0.07%)
3.29% 1.61% 488.75M 0.25% A
Strong Buy
PWZ
Invesco California AMT-Free Municipal Bond Portfolio
27.94 27.95 27.98 27.90 28.48 23.60 +0.01
(0.04%)
4.46% 2.41% 457.72M 0.28% A
Strong Buy
IBMK
iShares iBonds Dec 2022 Term Muni Bond ETF
26.37 26.36 26.40 26.36 28.55 24.49 -0.03
(-0.11%)
1.97% 0.88% 363.91M 0.18% A
Strong Buy
IBMJ
iShares iBonds Dec 2021 Term Muni Bond ETF
25.78 25.77 25.81 25.76 26.00 23.72 -0.02
(-0.08%)
1.24% 0.04% 313.23M 0.18% A
Strong Buy
MEAR
BlackRock Short Maturity Municipal Bond ETF
50.18 50.12 50.22 50.12 50.60 46.39 +0.01
(0.02%)
1.00% 0.06% 286.14M 0.25% A
Strong Buy
IBML
iShares iBonds Dec 2023 Term Muni Bond ETF
26.18 26.16 26.20 26.16 26.38 23.10 -0.02
(-0.08%)
2.64% 1.63% 281.33M 0.18% A
Strong Buy
SMMU
Short Term Municipal Bond Active Exchange-Traded Fund
51.33 51.33 51.35 51.26 55.33 48.07 0.00
(0.00%)
2.46% 1.52% 264.55M 0.35% A
Strong Buy
SMB
VanEck Vectors ETF Trust VanEck Vectors Short Muni ETF
18.07 18.09 18.09 18.04 18.15 15.66 0.00
(0.00%)
2.86% 1.83% 230.01M 0.20% A
Strong Buy
MLN
VanEck Vectors ETF Trust VanEck Vectors Long Muni ETF
21.66 21.70 21.70 21.59 22.02 16.53 -0.05
(-0.23%)
5.35% 2.95% 225.93M 0.24% A
Strong Buy
IBMM
iShares iBonds Dec 2024 Term Muni Bond ETF
27.05 27.07 27.07 27.02 27.24 23.77 0.00
(0.00%)
3.44% 2.58% 187.93M 0.18% A
Strong Buy
XMPT
VanEck Vectors CEF Municipal Income ETF
28.03 27.84 28.05 27.84 28.77 20.30 +0.05
(0.18%)
5.13% 2.79% 152.16M 1.86% A
Strong Buy
FMHI
First Trust Municipal High Income ETF
52.96 52.95 53.00 52.95 55.26 42.51 +0.05
(0.09%)
2.37% -0.42% 134.92M 0.55% A
Strong Buy
IBMN
iShares iBonds Dec 2025 Term Muni Bond ETF
28.12 28.13 28.15 28.11 28.24 24.07 -0.01
(-0.04%)
4.51% 3.78% 129.35M 0.18% A
Strong Buy
HMOP
Hartford Municipal Opportunities ETF
41.51 41.48 41.54 41.27 43.25 37.90 +0.02
(0.05%)
4.59% -0.91% 126.36M 0.30% A
Strong Buy
HTAB
Hartford Schroders Tax-Aware Bond ETF
21.78 21.78 21.78 21.78 22.81 19.19 +0.01
(0.05%)
5.14% 3.30% 117.50M 0.39% A
Strong Buy
RVNU
Xtrackers Municipal Infrastructure Revenue Bond ETF
28.94 28.95 28.95 28.90 29.48 24.30 -0.03
(-0.10%)
5.07% 2.90% 115.44M 0.15% A
Strong Buy
PZT
Invesco New York AMT-Free Municipal Bond ETF
25.94 25.93 26.00 25.92 26.49 21.34 -0.06
(-0.23%)
4.84% 2.43% 107.65M 0.28% A
Strong Buy
FUMB
First Trust Ultra Short Duration Municipal ETF
20.16 20.15 20.17 20.13 21.62 19.37 0.00
(0.00%)
1.14% 0.27% 105.79M 0.35% A
Strong Buy
FCAL
First Trust California Municipal High income ETF
53.79 53.81 53.81 53.61 55.45 45.32 +0.13
(0.24%)
2.75% 1.14% 96.59M 0.50% A
Strong Buy
TAXF
American Century Diversified Municipal Bond ETF
54.11 54.09 54.11 54.08 55.06 46.39 +0.04
(0.07%)
4.12% 2.53% 72.94M 0.29% A
Strong Buy
FSMB
First Trust Short Duration Managed Municipal ETF
20.75 20.75 20.76 20.70 20.80 19.37 +0.02
(0.10%)
3.10% 1.37% 70.41M 0.45% A
Strong Buy
MMIT
IQ MacKay Municipal Intermediate ETF
26.61 26.65 26.65 26.58 27.51 22.05 0.00
(0.00%)
5.22% 1.55% 69.08M 0.31% A
Strong Buy
IBMO
iShares iBonds Dec 2026 Term Muni Bond ETF
27.01 27.02 27.05 27.00 27.09 22.84 -0.01
(-0.04%)
5.06% 4.49% 68.85M 0.18% A
Strong Buy
MUST
Columbia Multi-Sector Municipal Income ETF
22.17 22.25 22.27 22.17 23.21 19.38 -0.06
(-0.27%)
4.91% 2.88% 63.10M 0.23% A
Strong Buy
FLMB
Franklin Templeton ETF Trust Franklin Liberty Federal Tax-Free Bond ETF
27.17 27.16 27.18 27.16 27.70 23.32 +0.01
(0.04%)
6.44% 4.58% 57.90M 0.30% A
Strong Buy
IBMQ
iShares iBonds Dec 2028 Term Muni Bond ETF
27.49 27.47 27.50 27.47 27.68 22.53 0.00
(0.00%)
6.28% 5.57% 53.55M 0.18% A
Strong Buy
IBMP
iShares iBonds Dec 2027 Term Muni Bond ETF
27.22 27.25 27.25 27.20 27.34 22.28 -0.01
(-0.04%)
5.70% 5.02% 39.44M 0.18% A
Strong Buy
BSMM
Invesco BulletShares 2022 Municipal Bond ETF
25.38 25.43 25.43 25.36 25.51 23.78 -0.01
(-0.04%)
2.10% 1.38% 35.54M 0.18% A
Strong Buy
BSML
Invesco BulletShares 2021 Municipal Bond ETF
25.34 25.27 25.34 25.27 25.48 24.41 +0.03
(0.12%)
1.68% 1.00% 30.37M 0.18% A
Strong Buy
OVM
Overlay Shares Municipal Bond ETF
25.89 25.90 25.90 25.89 26.14 21.81 -0.01
(-0.04%)
5.51% 2.32% 30.06M 0.75% A
Strong Buy
FLMI
Franklin Templeton ETF Trust Franklin Liberty Federal Intermediate Tax-Free Bond Opportunities ETF
26.02 26.02 26.02 25.78 26.29 22.61 0.00
(0.00%)
4.61% 2.76% 29.65M 0.30% A
Strong Buy
BSMP
Invesco BulletShares 2025 Municipal Bond ETF
25.88 25.94 25.94 25.88 25.99 22.87 -0.05
(-0.19%)
4.44% 3.42% 18.12M 0.18% A
Strong Buy
BSMQ
Invesco BulletShares 2026 Municipal Bond ETF
25.72 25.70 25.77 25.70 26.08 22.55 -0.04
(-0.16%)
4.52% 3.11% 18.00M 0.18% A
Strong Buy
BSMO
Invesco BulletShares 2024 Municipal Bond ETF
25.68 25.70 25.70 25.66 25.78 23.00 +0.04
(0.16%)
3.37% 2.64% 17.95M 0.18% A
Strong Buy
MCEF
First Trust Municipal CEF Income Opportunity ETF
19.95 19.94 19.95 19.83 20.37 14.18 +0.09
(0.45%)
5.31% 3.07% 8.93M 2.59% A
Strong Buy
MAAX
VanEck Vectors ETF Trust VanEck Vectors Muni Allocation ETF
24.63 24.63 24.63 24.63 26.50 18.82 -0.02
(-0.08%)
-1.35% -3.44% 4.93M 0.35% A
Strong Buy
MMIN
IQ MacKay Municipal Insured ETF
27.44 27.46 27.46 27.41 29.98 22.44 -0.02
(-0.07%)
6.46% 4.39% 217.83M 0.31% B
Buy
PVI
Invesco VRDO Tax Free Weekly ETF
24.90 24.89 24.92 24.89 25.10 24.65 0.00
(0.00%)
0.26% 0.04% 49.84M 0.25% B
Buy
RMM
RiverNorth Managed Duration Municipal Income Fund, Inc. Common Stock
17.69 17.65 17.75 17.61 21.32 12.26 +0.05
(0.28%)
-3.24% -10.61% N/A N/A B
Buy
IBMI
iShares iBonds Sep 2020 Term Muni Bond ETF
25.46 25.47 25.49 25.46 25.69 25.12 -0.01
(-0.04%)
0.45% -0.51% 290.47M 0.18% NR
Not Rated
BSMN
Invesco BulletShares 2023 Municipal Bond ETF
25.58 25.58 25.58 25.57 25.72 23.45 +0.04
(0.16%)
2.82% 2.08% 20.43M 0.18% NR
Not Rated
BSMR
Invesco BulletShares 2027 Municipal Bond ETF
25.58 25.58 25.59 25.58 25.89 22.36 +0.01
(0.04%)
3.97% 2.71% 15.34M 0.18% NR
Not Rated
BSMS
Invesco BulletShares 2028 Municipal Bond ETF
25.99 26.03 26.03 25.99 26.22 22.11 +0.01
(0.04%)
5.69% 4.23% 5.20M 0.18% NR
Not Rated
BSMT
Invesco BulletShares 2029 Municipal Bond ETF
25.92 25.92 25.92 25.88 26.21 21.78 0.00
(0.00%)
5.96% 4.56% 5.18M 0.18% NR
Not Rated
BSMU
Invesco BulletShares 2030 Municipal Bond ETF
25.36 25.33 25.36 25.33 25.47 24.67 -0.07
(-0.28%)
2.95% 2.82% 5.08M 0.18% NR
Not Rated
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% 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
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% N/A N/A NR
Not Rated
JMST
JPMorgan Ultra-Short Municipal Income ETF
51.02 51.02 51.02 51.00 52.16 49.04 +0.01
(0.02%)
1.88% 1.09% N/A N/A NR
Not Rated
JMUB
JPMorgan Municipal ETF
54.88 54.86 54.91 54.85 55.61 47.47 +0.02
(0.04%)
4.16% 1.32% N/A N/A NR
Not Rated

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