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 45 ETFs traded in the U.S. markets, Muni ETFs gather total assets under management of $30.28B. 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 $10.21B in assets. In the last trailing year, the best performing Muni ETF was the HYMB at 3.97%. The most-recent ETF launched in the Muni space was the iShares iBonds Dec 2025 Term Muni Bond ETF IBMN in 11/13/18.

TOP ETF PERFORMERS

XMPT VanEck Vectors CEF Municipal Income ETF 2.25%
MMIT IQ MacKay Municipal Intermediate ETF 2.24%
FLMB Franklin Liberty Municipal Bond ETF 1.29%
ITM VanEck Vectors AMT-Free Intermediate Municipal Index ETF 1.07%
MLN VanEck Vectors AMT-Free Long Municipal Index ETF 1.01%

BOTTOM ETF PERFORMERS

HYD VanEck Vectors High-Yield Municipal Index ETF -0.19%
FLMI Franklin Liberty Intermediate Municipal Opportunities ETF -0.01%
HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 0.00%
FSMB First Trust Short Duration Managed Municipal ETF --
IBMN iShares iBonds Dec 2025 Term Muni Bond ETF --

TOP CREATIONS

TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF 222.43
SUB iShares Short-Term National Muni Bond ETF 151.43
HMOP Hartford Municipal Opportunities ETF 90.16
PWZ Invesco California AMT-Free Municipal Bond ETF 41.69
MEAR iShares Short Maturity Municipal Bond ETF 32.37

TOP REDEMPTIONS

HYD VanEck Vectors High-Yield Municipal Index ETF -276.94
PZA Invesco National AMT-Free Municipal Bond ETF -65.44
ITM VanEck Vectors AMT-Free Intermediate Municipal Index ETF -41.85
MUB iShares National Muni Bond ETF -21.74
BAB Invesco Taxable Municipal Bond ETF -20.24

AUM WINNERS

IBMN iShares iBonds Dec 2025 Term Muni Bond ETF 51.99%
HMOP Hartford Municipal Opportunities ETF 33.82%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF 26.87%
JMST JPMorgan Ultra-Short Municipal ETF 20.19%
HYMB SPDR Nuveen S&P High Yield Municipal Bond ETF 18.24%

AUM LOSERS

MCEF First Trust Municipal CEF Income Opportunity ETF -33.42%
SHYD VanEck Vectors Short High-Yield Municipal Index ETF -8.84%
BAB Invesco Taxable Municipal Bond ETF -4.27%
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF -4.18%
CMF iShares California Muni Bond ETF -4.09%

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