Muni ETF Overview

Muni bond ETFs invest in municipal bonds. These bonds are issued by a local government or territory, or their agencies. One of the attractive features of municipal bonds is that interest income is excluded from gross income for federal income tax purposes.

Municipal bond ETFs are part of the following ETF.com market segments:

With 46 ETFs traded in the U.S. markets, Muni ETFs gather total assets under management of $38.82B. The average expense ratio is 0.35%. Muni ETFs can be found in the following asset classes:

  • Fixed Income

The largest Muni ETF is the iShares National Muni Bond ETF MUB with $14.05B in assets. In the last trailing year, the best performing Muni ETF was the XMPT at 14.45%. The most-recent ETF launched in the Muni space was the Vaneck Vectors Municipal Allocation ETF MAAX in 05/15/19.

Top ETF Performers

RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF 0.37%
FMHI First Trust Municipal High Income ETF 0.32%
SHYD VanEck Vectors Short High-Yield Municipal Index ETF 0.28%
HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.24%
FCAL First Trust California Municipal High Income ETF 0.21%

Bottom ETF Performers

IBMN iShares iBonds Dec 2025 Term Muni Bond ETF -0.87%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF -0.84%
IBML iShares iBonds Dec 2023 Term Muni Bond ETF -0.62%
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF -0.60%
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF -0.58%

Top Creations

MUB iShares National Muni Bond ETF 515.14
FMB First Trust Managed Municipal ETF 83.39
HYD VanEck Vectors High-Yield Municipal Index ETF 58.00
ITM VanEck Vectors AMT-Free Intermediate Municipal Index ETF 55.83
SUB iShares Short-Term National Muni Bond ETF 53.48

Top Redemptions

IBMI iShares iBonds Sep 2020 Term Muni Bond ETF -6.40
FLMI Franklin Liberty Intermediate Municipal Opportunities ETF 0
FSMB First Trust Short Duration Managed Municipal ETF 0
TAXF American Century Diversified Municipal Bond ETF 0
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 0

AUM Winners

IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF 123.35%
IBMP iShares iBonds Dec 2027 Term Muni Bond ETF 123.32%
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF 41.79%
FCAL First Trust California Municipal High Income ETF 22.97%
MLN VanEck Vectors AMT-Free Long Municipal Index ETF 12.67%

AUM Losers

IBMI iShares iBonds Sep 2020 Term Muni Bond ETF -2.36%
SHM SPDR Nuveen Bloomberg Barclays Short Term Municipal Bond ETF -1.60%
SMB VanEck Vectors AMT-Free Short Municipal Index ETF -0.70%
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF -0.68%
MUST Columbia Multi-Sector Municipal Income ETF -0.61%

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