Fixed Income: U.S. - Government, Local Authority/Municipal

XMPT Top Performer Intra-day
Price $24.80
Today’s Change 2.31%
4:00pm 04/08/2020
FMHI Bottom Performer Intra-day
Price $48.10
Today’s Change -0.09%
4:00pm 04/08/2020

ETF.com Insight

With 8 ETFs and over $1.83B in combined AUM, the Fixed Income: U.S. - Government, Local Authority/Municipal segment provides exposure to the U.S. space with a focus on Broad Credit securities.

Year-to-date, the best-performing ETF in the segment is the Columbia Multi-Sector Municipal Income ETF (MUST), with a total return of -1.98%. Meanwhile, the most popular ETF is the First Trust Managed Municipal ETF (FMB) with $1.38BB in assets under management.

Investors should take a look at the (). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. has an expense ratio of -- and tracks the .

ETF.com Efficiency Insight

The average efficiency score in the Fixed Income: U.S. - Government, Local Authority/Municipal segment is 77 out of 100, with the American Century Diversified Municipal Bond ETF(TAXF) obtaining the highest rating of 88 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.84% per year, with the Columbia Multi-Sector Municipal Income ETF (MUST) having the lowest expense ratio, charging investors 0.23% yearly.

Investors should look for funds with tight tracking, such as the VanEck Vectors Municipal Allocation ETF (MAAX), with a 12-month median tracking difference of --.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Fixed Income: U.S. - Government, Local Authority/Municipal segment is 68 out of 100, with the First Trust Managed Municipal ETF(FMB) obtaining the highest rating of 97 out of 100.

The First Trust Managed Municipal ETF (FMB) is the undisputed segment leader when it comes to liquidity. The fund trades 16.48M in daily average volume. Investors should also find ample liquidity in the VanEck Vectors CEF Municipal Income ETF (XMPT), with $2.14M in daily dollar volume.

Use limit orders to trade funds such as the First Trust Municipal CEF Income Opportunity ETF(MCEF), due to their double-digit market spreads.

ETF.com/ Block Liquidity

MAAX
5
4
3
2
1
FMB
5
4
3
2
1
XMPT
5
4
3
2
1
FMHI
5
4
3
2
1
HMOP
5
4
3
2
1
TAXF
5
4
3
2
1
MCEF
5
4
3
2
1
MUST
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to . This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, follows a strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology