Tax-Exempt Fixed Income Screener

Municipal Bond ETFs 2026

Discover top municipal bond ETFs. Screen tax-exempt fixed-income funds issued by US states, cities, and local agencies to maximize after-tax yield for high-bracket investors.

Total Funds

Municipal Bond ETFs tracked

Total AUM

$255.82B

Combined assets under management

Median Yield

3.33%

Trailing 12-month median payout

Average Expense Ratio

0.26%

Lowest fee starts at 0.03% (VTEB)

Municipal Bond ETFs Highlights & Top Assets by AUM

Largest by AUM

MUB

iShares National Muni Bond ETF

AUM $54.54B

Fee 0.05%

3-Mo TR -0.6%

BlackRock, Inc. Analyze fund

#2 by AUM

VTE

VTEB

Vanguard Tax-Exempt Bond Index Fund ETF Shares

AUM $53.55B

Fee 0.03%

3-Mo TR -0.6%

Vanguard Analyze fund

#3 by AUM

SUB

iShares Short-Term National Muni Bond ETF

AUM $13.33B

Fee 0.07%

3-Mo TR +0.6%

BlackRock, Inc. Analyze fund

Municipal Bond ETFs Directory

Showing 1–20 of 95 funds

Ticker / Fund Name	Issuer	Segment	AUM	Expense Ratio	3-Mo TR	Div. Yield (TTM)	Annual Payout	5Y Div Growth	Div Streak	Action
MUB MUB BlackRock, Inc. iShares National Muni Bond ETF	BlackRock, Inc.	Investment-grade municipal bonds (US)	$54.54B	0.05%	-0.6%	3.39%	$3.42	10.42%	4 y	Analyze
VTEB Vanguard Vanguard Tax-Exempt Bond Index Fund ETF Shares	Vanguard	Investment-grade municipal bonds (US)	$53.55B	0.03%	-0.6%	3.28%	$1.55	13.64%	4 y	Analyze
SUB SUB BlackRock, Inc. iShares Short-Term National Muni Bond ETF	BlackRock, Inc.	Investment-grade municipal bonds, short duration (US)	$13.33B	0.07%	+0.6%	2.39%	$2.49	28.82%	4 y	Analyze
JMU JMUB JPMorgan Chase JPMorgan Municipal	JPMorgan Chase	Investment-grade municipal bonds, intermediate duration (US)	$9.05B	0.18%	-0.4%	3.51%	$1.67	11.92%	4 y	Analyze
JMS JMST JPMorgan Chase JPMorgan Ultra-Short Municipal	JPMorgan Chase	Investment-grade municipal bonds, short duration (US)	$8.42B	0.18%	+0.6%	2.78%	$1.41	26.62%	-	Analyze
CGM CGMU The Capital Group Companies Capital Group Municipal Income ETF	The Capital Group Companies	Municipal bonds (US)	$7.51B	0.27%	-0.2%	3.56%	$0.92	-	3 y	Analyze
CMF CMF BlackRock, Inc. iShares California Muni Bond ETF	BlackRock, Inc.	Investment-grade municipal bonds (California)	$5.39B	0.08%	-0.5%	3.12%	$1.69	11.56%	4 y	Analyze
HYD HYD VanEck VanEck High Yield Muni ETF	VanEck	High-yield municipal bonds (US)	$4.62B	0.32%	-0.3%	4.62%	$2.22	0.42%	-	Analyze
VTE VTEC Vanguard Vanguard California Tax-Exempt Bond ETF	Vanguard	Investment-grade municipal bonds (California)	$4.47B	0.06%	-0.8%	3.04%	$2.87	-	1 y	Analyze
VTE VTES Vanguard Vanguard Short-Term Tax-Exempt Bond ETF Shares	Vanguard	Investment-grade municipal bonds, intermediate duration (US)	$4.21B	0.05%	+0.7%	2.51%	$2.47	-	-	Analyze
PZA PZA Invesco Invesco National AMT-Free Municipal Bond ETF	Invesco	Investment-grade municipal bonds (US)	$4.07B	0.28%	-2.5%	4.10%	$0.88	6.80%	3 y	Analyze
SCM SCMB The Charles Schwab Corp. Schwab Municipal Bond ETF	The Charles Schwab Corp.	Investment-grade municipal bonds (US)	$4.05B	0.03%	-0.9%	3.45%	$0.83	-	3 y	Analyze
HYM HYMB State Street SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF	State Street	High-yield municipal bonds (US)	$3.85B	0.35%	-2.4%	4.49%	$1.05	3.80%	3 y	Analyze
CGH CGHM The Capital Group Companies Capital Group Fixed Income ETF Trust	The Capital Group Companies	Municipal bonds (US)	$3.75B	0.34%	-1.4%	4.20%	$1.01	-	1 y	Analyze
MUN MUNI Allianz PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund	Allianz	Investment-grade municipal bonds, intermediate duration (US)	$3.70B	0.35%	-	3.20%	$1.59	9.46%	-	Analyze
SHM SHM State Street SPDR® Nuveen Bloomberg Short Term Municipal Bond ETF	State Street	Investment-grade municipal bonds, short duration (US)	$3.51B	0.20%	+0.6%	2.52%	$1.17	27.65%	3 y	Analyze
VCR VCRM Vanguard VCRM	Vanguard	Municipal bonds, long duration (US)	$3.06B	0.12%	-0.3%	3.94%	$2.82	-	1 y	Analyze
TFI TFI State Street SPDR® Nuveen Bloomberg Municipal Bond ETF	State Street	Investment-grade municipal bonds, long duration (US)	$2.94B	0.23%	-0.8%	3.77%	$1.61	14.05%	4 y	Analyze
HIM HIMU BlackRock, Inc. HIMU	BlackRock, Inc.	High-yield municipal bonds (US)	$2.80B	0.39%	-1.5%	5.31%	$2.42	-	-	Analyze
FLM FLMI Franklin Templeton Franklin Liberty Intermediate Municipal Opportunities ETF	Franklin Templeton	Municipal bonds, intermediate duration (US)	$2.40B	0.30%	-0.9%	4.22%	$0.98	9.26%	5 y	Analyze
ITM ITM VanEck VanEck Intermediate Muni ETF	VanEck	Investment-grade municipal bonds, intermediate duration (US)	$2.33B	0.18%	+0.5%	3.19%	$1.40	10.40%	4 y	Analyze
DFN DFNM Dimensional Dimensional ETF Trust	Dimensional	Investment-grade municipal bonds, intermediate duration (US)	$2.31B	0.17%	-0.1%	3.08%	$1.42	-	4 y	Analyze
VTE VTEI Vanguard Vanguard Intermediate-Term Tax-Exempt Bond	Vanguard	Investment-grade municipal bonds, intermediate duration (US)	$2.28B	0.08%	+0.1%	2.99%	$2.85	-	1 y	Analyze
FMB FMB First Trust First Trust Managed Municipal ETF	First Trust	Investment-grade municipal bonds (US)	$1.92B	0.39%	-0.7%	3.86%	$1.85	11.06%	4 y	Analyze
LMU LMUB BlackRock, Inc. iShares Trust	BlackRock, Inc.	Investment-grade municipal bonds, long duration (US)	$1.83B	0.09%	-1.5%	4.26%	$1.98	-	-	Analyze
NYF NYF BlackRock, Inc. iShares New York Muni Bond ETF	BlackRock, Inc.	Investment-grade municipal bonds (New York)	$1.77B	0.09%	-0.6%	3.04%	$1.53	9.53%	3 y	Analyze
CGS CGSM The Capital Group Companies Capital Group Fixed Income ETF Trust	The Capital Group Companies	Investment-grade municipal bonds, short duration (US)	$1.73B	0.25%	+0.5%	2.76%	$0.71	-	-	Analyze
MMI MMIT New York Life IQ MacKay Municipal Intermediate ETF	New York Life	Investment-grade municipal bonds, intermediate duration (US)	$1.65B	0.30%	-0.2%	3.84%	$0.88	12.89%	-	Analyze
VSD VSDM Vanguard VSDM	Vanguard	Municipal bonds, short duration (US)	$1.56B	0.12%	+0.5%	2.92%	$2.17	-	1 y	Analyze
BKM BKMI BNY Mellon BNY Mellon Municipal Intermediate ETF	BNY Mellon	Investment-grade municipal bonds, intermediate duration (US)	$1.54B	0.35%	+0.2%	3.38%	$0.84	-	-	Analyze
MEA MEAR BlackRock, Inc. iShares Short Maturity Municipal Bond ETF	BlackRock, Inc.	Investment-grade municipal bonds, short duration (US)	$1.53B	0.26%	+0.4%	2.85%	$1.41	26.81%	-	Analyze
BMO BMOP BNY Mellon BNY Mellon Municipal Opportunities ETF	BNY Mellon	Municipal bonds (US)	$1.52B	0.49%	-1.3%	4.03%	$0.95	-	-	Analyze
TAF TAFI AllianceBernstein LP Ab Tax-Aware Short Duration ETF	AllianceBernstein LP	Investment-grade municipal bonds, short duration (US)	$1.51B	0.27%	+0.4%	2.92%	$0.72	-	3 y	Analyze
NYM NYM AllianceBernstein LP AB Active ETFs, Inc.	AllianceBernstein LP	Municipal bonds, intermediate duration (New York)	$1.29B	0.27%	-	2.89%	$0.70	-	1 y	Analyze
SMM SMMU Allianz PIMCO Short Term Municipal Bond Active Exchange-Traded Fund	Allianz	Investment-grade municipal bonds, short duration (US)	$1.27B	0.35%	+0.9%	2.69%	$1.33	18.07%	-	Analyze
CAM CAM AllianceBernstein LP AB Active ETFs, Inc.	AllianceBernstein LP	Municipal bonds, intermediate duration (California)	$1.23B	0.27%	-	3.14%	$0.76	-	1 y	Analyze
PWZ PWZ Invesco Invesco California AMT-Free Municipal Bond ETF	Invesco	Investment-grade municipal bonds, long duration (California)	$1.23B	0.28%	-2.4%	3.75%	$0.84	7.32%	3 y	Analyze
TAF TAFM AllianceBernstein LP AB Active ETFs, Inc.	AllianceBernstein LP	Municipal bonds, intermediate duration (US)	$1.16B	0.28%	-0.7%	3.54%	$0.85	-	2 y	Analyze
EVS EVSM Morgan Stanley Morgan Stanley ETF Trust	Morgan Stanley	Investment-grade municipal bonds, short duration (US)	$1.12B	0.19%	+0.4%	2.81%	$1.38	-	1 y	Analyze
FMH FMHI First Trust First Trust Exchange-Traded Fund III - First Trust Municipal High Income ETF	First Trust	Investment-grade municipal bonds (US)	$1.09B	0.49%	-1.6%	4.27%	$1.91	5.17%	4 y	Analyze
MIN MINO Allianz PIMCO ETF Trust - PIMCO Municipal Income Opportunities Active Exchange-Traded Fund	Allianz	Municipal bonds (US)	$936.93M	0.39%	-0.5%	3.83%	$1.63	8.18%	-	Analyze
SHY SHYM BlackRock, Inc. SHYM	BlackRock, Inc.	High-yield municipal bonds (US)	$921.61M	0.40%	-	4.12%	$0.88	-	4 y	Analyze
HMO HMOP The Hartford Insurance Group, Inc. Hartford Municipal Opportunities ETF	The Hartford Insurance Group, Inc.	Investment-grade municipal bonds (US)	$826.28M	0.29%	-0.3%	3.72%	$1.37	14.27%	4 y	Analyze
INM INMU BlackRock, Inc. BlackRock Intermediate Muni Income Bond ETF	BlackRock, Inc.	Municipal bonds, intermediate duration (US)	$787.72M	0.30%	+0.7%	3.23%	$0.74	-	4 y	Analyze
TAX TAXF American Century Investments American Century Diversified Municipal Bond ETF	American Century Investments	Municipal bonds (US)	$762.73M	0.25%	-0.6%	3.74%	$1.77	16.60%	4 y	Analyze
MUN MUNY Vanguard Vanguard New York Tax-Exempt Bond ETF Shares	Vanguard	Investment-grade municipal bonds (New York)	$762.36M	0.09%	-0.6%	3.12%	$3.03	-	1 y	Analyze
MLN MLN VanEck VanEck Long Muni ETF	VanEck	Investment-grade municipal bonds, long duration (US)	$754.71M	0.24%	-1.6%	3.79%	$0.62	4.71%	3 y	Analyze
FTC FTCA Franklin Templeton Putnam ETF Trust	Franklin Templeton	Municipal bonds, intermediate duration (California)	$741.66M	0.35%	-1.8%	4.20%	$0.29	-	1 y	Analyze
GMU GMUB Goldman Sachs Goldman Sachs ETF Trust	Goldman Sachs	Municipal bonds, intermediate duration (US)	$711.04M	0.18%	-	3.58%	$1.75	-	1 y	Analyze
FTM FTMH Franklin Templeton Putnam ETF Trust	Franklin Templeton	High-yield municipal bonds (US)	$708.16M	0.35%	-2.0%	4.86%	$0.53	-	1 y	Analyze
IBM IBMQ BlackRock, Inc. iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF	BlackRock, Inc.	Investment-grade municipal bonds, short duration (US)	$690.63M	0.10%	+0.6%	2.50%	$0.63	17.38%	4 y	Analyze
CAL CALI BlackRock, Inc. BlackRock ETF Trust II - iShares Short-Term California Muni Active ETF	BlackRock, Inc.	Investment-grade municipal bonds, short duration (California)	$688.01M	0.20%	+0.4%	2.41%	$1.20	-	-	Analyze
IBM IBMP BlackRock, Inc. iShares iBonds Dec 2027 Term Muni Bond ETF	BlackRock, Inc.	Investment-grade municipal bonds, short duration (US)	$684.56M	0.10%	+0.5%	2.31%	$0.58	22.85%	4 y	Analyze
FSM FSMB First Trust First Trust Short Duration Managed Municipal ETF	First Trust	Municipal bonds, short duration (US)	$660.22M	0.34%	+0.4%	3.25%	$0.63	12.49%	4 y	Analyze
FTN FTNY Franklin Templeton Putnam ETF Trust	Franklin Templeton	Municipal bonds, intermediate duration (New York)	$589.53M	0.36%	-1.3%	4.09%	$0.30	-	1 y	Analyze
MMI MMIN New York Life IQ MacKay Municipal Insured ETF	New York Life	Investment-grade municipal bonds (US)	$570.71M	0.30%	-1.2%	3.96%	$0.88	9.77%	4 y	Analyze
MUS MUST Ameriprise Financial Columbia Multi-Sector Municipal Income ETF	Ameriprise Financial	Investment-grade municipal bonds (US)	$540.31M	0.23%	-1.6%	3.59%	$0.69	5.27%	3 y	Analyze
DFC DFCA Dimensional Dimensional ETF Trust	Dimensional	Investment-grade municipal bonds, intermediate duration (California)	$539.51M	0.19%	-0.2%	2.89%	$1.38	-	-	Analyze
IBM IBMR BlackRock, Inc. iShares Trust - iShares iBonds Dec 2029 Term Muni Bond ETF	BlackRock, Inc.	Investment-grade municipal bonds, intermediate duration (US)	$527.01M	0.10%	+0.5%	2.37%	$0.59	-	2 y	Analyze
SHY SHYD VanEck VanEck Short High Yield Muni ETF	VanEck	High-yield municipal bonds, intermediate duration (US)	$523.75M	0.32%	+0.6%	3.75%	$0.82	5.12%	3 y	Analyze
IBM IBMO BlackRock, Inc. iShares iBonds Dec 2026 Term Muni Bond	BlackRock, Inc.	Investment-grade municipal bonds, ultra-short duration (US)	$502.87M	0.10%	+0.6%	2.19%	$0.56	16.74%	4 y	Analyze
FTM FTMU Franklin Templeton Putnam ETF Trust	Franklin Templeton	Investment-grade municipal bonds (US)	$493.33M	0.30%	-1.2%	4.25%	$0.31	-	1 y	Analyze
VTE VTEL Vanguard Vanguard Long-Term Tax-Exempt Bond ETF Shares	Vanguard	Investment-grade municipal bonds, long duration (US)	$492.77M	0.09%	-1.5%	3.75%	$3.60	-	1 y	Analyze
RMO RMOP TFG Parent Holdings LLC Tidal Trust III	TFG Parent Holdings LLC	Municipal bonds (US)	$479.61M	0.80%	-2.5%	5.12%	$1.20	-	1 y	Analyze
BKM BKMS BNY Mellon BNY Mellon Municipal Short Duration ETF	BNY Mellon	Investment-grade municipal bonds, short duration (US)	$463.67M	0.35%	+0.5%	3.07%	$0.77	-	-	Analyze
TAX TAXE T. Rowe Price Group, Inc. Intermediate Municipal Income ETF	T. Rowe Price Group, Inc.	Municipal bonds, intermediate duration (US)	$403.86M	0.24%	+0.2%	3.87%	$1.88	-	1 y	Analyze
JMS JMSI JPMorgan Chase J.P. Morgan Exchange-Traded Fund Trust	JPMorgan Chase	Municipal bonds, intermediate duration (US)	$402.27M	0.18%	-0.1%	3.90%	$1.84	-	2 y	Analyze
EVI EVIM Morgan Stanley Morgan Stanley ETF Trust	Morgan Stanley	Investment-grade municipal bonds (US)	$396.72M	0.11%	+0.1%	3.68%	$1.85	-	-	Analyze
SMB SMB VanEck VanEck Short Muni ETF	VanEck	Investment-grade municipal bonds, short duration (US)	$394.30M	0.07%	+0.4%	2.85%	$0.48	20.01%	4 y	Analyze
IBM IBMS BlackRock, Inc. IBMS	BlackRock, Inc.	Investment-grade municipal bonds, intermediate duration (US)	$394.08M	0.10%	+0.5%	2.34%	$0.58	-	1 y	Analyze
FMU FMUB Fidelity Fidelity Municipal Bond Opportunities ETF	Fidelity	Municipal bonds (US)	$382.71M	0.30%	-0.1%	3.45%	$1.67	-	1 y	Analyze
BSM BSMR Invesco Invesco BulletShares (R) 2027 Municipal Bond ETF	Invesco	Investment-grade municipal bonds, short duration (US)	$373.28M	0.18%	+0.6%	2.51%	$0.58	11.31%	-	Analyze
BSM BSMS Invesco Invesco BulletShares (R) 2028 Municipal Bond ETF	Invesco	Investment-grade municipal bonds, short duration (US)	$356.39M	0.18%	+0.2%	2.85%	$0.65	7.35%	3 y	Analyze
TAX TAXI Northern Trust Corp. Northern Trust Intermediate Tax-Exempt Bond ETF	Northern Trust Corp.	Investment-grade municipal bonds, intermediate duration (US)	$338.60M	0.05%	+1.1%	2.47%	$1.21	-	1 y	Analyze
BSM BSMT Invesco Invesco BulletShares 2029 Municipal Bond ETF	Invesco	Investment-grade municipal bonds, intermediate duration (US)	$308.65M	0.18%	+0.1%	2.58%	$0.57	6.26%	4 y	Analyze
JMH JMHI JPMorgan Chase J.P. Morgan Exchange-Traded Fund Trust	JPMorgan Chase	High-yield municipal bonds (US)	$307.48M	0.35%	-0.9%	4.71%	$2.21	-	-	Analyze
FUM FUMB First Trust First Trust Ultra Short Duration Municipal	First Trust	Municipal bonds, ultra-short duration (US)	$299.43M	0.29%	+0.7%	2.74%	$0.55	27.01%	4 y	Analyze
BSM BSMU Invesco Invesco BulletShares 2030 Municipal Bond ETF	Invesco	Investment-grade municipal bonds, intermediate duration (US)	$287.22M	0.18%	-	2.67%	$0.56	8.67%	-	Analyze
HYM HYMU BlackRock, Inc. BlackRock High Yield Muni Income Bond ETF	BlackRock, Inc.	High-yield municipal bonds (US)	$286.19M	0.35%	+2.3%	0.00%	-	-	4 y	Analyze
FTM FTMN Franklin Templeton Putnam ETF Trust	Franklin Templeton	Investment-grade municipal bonds (Minnesota)	$282.02M	0.35%	-1.4%	2.49%	$0.20	-	1 y	Analyze
FTM FTMA Franklin Templeton Putnam ETF Trust	Franklin Templeton	Investment-grade municipal bonds (Massachusetts)	$278.82M	0.35%	-0.8%	3.66%	$0.31	-	1 y	Analyze
FTM FTMS Franklin Templeton Putnam ETF Trust	Franklin Templeton	Investment-grade municipal bonds, short duration (US)	$265.71M	0.21%	+0.5%	3.33%	$0.32	-	1 y	Analyze
GCA GCAL Goldman Sachs Goldman Sachs ETF Trust	Goldman Sachs	Municipal bonds, intermediate duration (California)	$259.89M	0.30%	-0.5%	3.77%	$1.83	-	1 y	Analyze
APM APMU Envestnet Trust For Professional Managers	Envestnet	Municipal bonds, intermediate duration (US)	$257.46M	0.35%	+0.3%	2.60%	$0.62	-	2 y	Analyze
BSM BSMQ Invesco Invesco BulletShares (R) 2026 Municipal Bond ETF	Invesco	Investment-grade municipal bonds, ultra-short duration (US)	$251.68M	0.18%	+0.4%	2.54%	$0.59	17.14%	-	Analyze
SCN SCNM Le Mouvement des caisses Desjardins Sterling Capital National Municipal Bond ETF	Le Mouvement des caisses Desjardins	Investment-grade municipal bonds (US)	$242.10M	0.35%	-0.9%	3.57%	$0.84	-	1 y	Analyze
BSM BSMW Invesco Invesco BulletShares 2032 Municipal Bond ETF	Invesco	Investment-grade municipal bonds, intermediate duration (US)	$240.57M	0.18%	-0.4%	3.43%	$0.81	-	-	Analyze
FCA FCAL First Trust First Trust California Municipal High Income ETF	First Trust	Investment-grade municipal bonds (California)	$212.15M	0.49%	-0.9%	3.34%	$1.54	8.61%	4 y	Analyze
IBM IBMT BlackRock, Inc. iBonds Dec 2031 Term Muni Bond ETF	BlackRock, Inc.	Investment-grade municipal bonds, intermediate duration (US)	$210.82M	0.10%	+0.5%	2.28%	$0.56	-	-	Analyze
BSM BSMV Invesco Invesco BulletShares 2031 Municipal Bond ETF	Invesco	Investment-grade municipal bonds, intermediate duration (US)	$208.82M	0.18%	-0.4%	3.09%	$0.61	-	-	Analyze
XMP XMPT VanEck VanEck CEF Municipal Income ETF	VanEck	Investment-grade municipal bonds (US)	$208.06M	1.97%	-5.1%	6.61%	$1.27	3.51%	2 y	Analyze
PUS PUSH Prudential PGIM ETF Trust	Prudential	Investment-grade municipal bonds, ultra-short duration (US)	$204.32M	0.15%	+0.7%	2.90%	$1.44	-	1 y	Analyze
IRO IROC Invesco IROC	Invesco	High-yield municipal bonds, intermediate duration (US)	$202.57M	0.39%	-1.3%	5.41%	$2.59	-	2 y	Analyze
FIM FIMU Fidelity Fidelity Intermediate Municipal Income ETF	Fidelity	Investment-grade municipal bonds (US)	$95.81M	0.30%	-0.4%	0.64%	$0.12	-	-	Analyze
FEC FECM First Eagle First Eagle ETF Trust	First Eagle	Investment-grade municipal bonds (US)	$14.81M	0.25%	-0.7%	1.09%	$0.27	-	-	Analyze

Risk note: Bond prices fall when interest rates rise. Credit and call risks apply. Tax-free yield depends on your tax situation and may not apply to all investors.

Data as of November 2026. Ranked by AUM. This list was compiled by the Snowball Analytics team from publicly available sources. It may be incomplete, and figures may be delayed or contain errors; check them against the fund’s or company’s own documents. Inclusion in the list is not a recommendation to buy, sell or hold any security and is not investment advice. Past performance does not predict future results. This list is general information, not personalised to your circumstances. Snowball Analytics is a portfolio tracking tool, not a broker-dealer or investment adviser. Investing involves risk, including loss of principal.

Understanding Municipal Bond ETFs: Tax-Free Income & Credit Quality

Municipal Bond ETFs hold debt securities issued by local and state governments to finance public projects such as schools, highways, and water utilities. Interest income generated by these bonds is exempt from federal income taxes and often state taxes.

Core Strategies & Segment Breakdowns

Broad National Tax-Exempt Indices

Massive funds like VTEB and MUB hold thousands of investment-grade municipal issues across all 50 states for broad diversification.

Short & Intermediate Muni Duration

Strategies like SUB and ITM mitigating interest rate sensitivity while preserving federal tax exemption advantages.

High-Yield Municipal Credit

Funds holding lower-rated or unrated municipal bonds to generate substantially higher tax-exempt distribution yields.

How to Evaluate Municipal Bond ETFs (Investor Checklist)

Compute Taxable Equivalent Yield (TEY): Calculate TEY = Muni Yield / (1 - Marginal Tax Rate) to compare municipal yields fairly against taxable corporate and Treasury bonds.
Examine Revenue vs General Obligation (GO) Bonds: General Obligation bonds are backed by municipal tax power, while revenue bonds depend on cash flows from specific projects.
Watch for AMT Tax Exposure: Certain private-activity municipal bonds may be subject to the Alternative Minimum Tax (AMT); check fund disclosures.

Frequently Asked Questions About Municipal Bond ETFs

Who benefits most from Municipal Bond ETFs?

Investors in upper federal tax brackets (24%-37%+) benefit most because tax-exempt yields translate into significantly higher taxable equivalent yields compared to Treasuries or corporate bonds.

What are the default rates on municipal bonds historically?

Historically, investment-grade municipal bonds exhibit exceptionally low default rates (under 0.1% over 10-year horizons), far safer than equivalent-rated corporate debt.

Which Municipal Bond ETFs currently have the highest AUM?

In this category, iShares National Muni Bond ETF (MUB) leads with over $54.54B in Assets Under Management, offered by BlackRock, Inc..

Which municipal bond ETFs hold the most assets?

Vanguard Tax-Exempt Bond ETF (VTEB) and iShares National Muni Bond ETF (MUB) are the industry leaders, each managing tens of billions with ultra-low expense ratios.

How can I track my Municipal Bond ETFs with Snowball Analytics?

Snowball Analytics connects directly to your brokerage accounts to automatically track dividend payouts, calculate time-weighted and money-weighted returns (TWR and IRR) against benchmarks, model sector weighting, and monitor risk metrics across all your Municipal Bond ETFs holdings in one unified portfolio dashboard.

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Build Your Personalized Municipal Bond ETFs Portfolio

Snowball Analytics tracks your dividend calendar, calculates your net yield-on-cost, and visualizes cash flow across all your brokerage accounts in one unified dashboard.

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Public portfolios are user-generated: they are shared by Snowball Analytics users and reflect each user's own choices. Snowball Analytics does not verify or endorse user portfolios.