Municipal Bond ETFs

139 ETFs that invest in municipal bonds, debt issued by US states, cities and public agencies, ranked by net assets as of the October 26, 2026 close.

139 ETFs

Data as of the October 26, 2026 close
Municipal Bond ETFs
#
1MUBiShares National Muni Bond ETFiShares National Muni Bond ETF$54.10B0.04%4.56%7.293.29%−0.40%iShares (BlackRock)
2VTEBVanguard Tax-Exempt Bond ETFVanguard Tax-Exempt Bond ETF$52.40B0.05%4.88%7.093.49%−0.40%Vanguard
3SUBiShares Short-Term National Muni Bond ETFiShares Short-Term National Muni Bond ETF$13.20B0.07%3.85%1.882.57%+2.10%iShares (BlackRock)
4CGMUCapital Group Municipal Income ETFCapital Group Municipal Income ETF$7.24B0.26%3.74%5.563.46%+0.50%Capital Group
5CMFiShares California Muni Bond ETFiShares California Muni Bond ETF$5.23B0.07%4.28%6.633.04%−0.70%iShares (BlackRock)
6HYDVanEck High Yield Muni ETFVanEck High Yield Muni ETF$4.49B0.33%5.68%7.764.48%+1.00%VanEck
7VTECVanguard California Tax-Exempt Bond ETFVanguard California Tax-Exempt Bond ETF$4.27B5.71%4.50%6.963.23%−0.80%Vanguard
8PZAInvesco National AMT-Free Municipal Bond ETFInvesco National AMT-Free Municipal Bond ETF$4.15B0.27%4.70%10.504.04%−2.70%Invesco
9VTESVanguard Short-Term Tax-Exempt Bond ETFVanguard Short-Term Tax-Exempt Bond ETF$4.14B0.07%3.94%2.832.68%+1.50%Vanguard
10SCMBSchwab Municipal Bond ETFSchwab Municipal Bond ETF$4.03B0.03%4.56%7.473.71%−1.10%Schwab
11HYMBSPDR Nuveen Bloomberg High Yield Municipal Bond ETFSPDR Nuveen Bloomberg High Yield Municipal Bond ETF$3.85B0.35%6.27%8.264.77%−0.70%State Street (SPDR)
12MUNIPIMCO Intermediate Municipal Bond Active Exchange-Traded FundPIMCO Intermediate Municipal Bond Active Exchange-Traded Fund$3.67B0.36%4.58%6.013.37%+0.20%PIMCO
13CGHMCapital Group Municipal High-Income ETFCapital Group Municipal High-Income ETF$3.57B0.35%4.95%6.944.39%+0.70%Capital Group
14SHMSPDR Nuveen Bloomberg Short Term Municipal Bond ETFSPDR Nuveen Bloomberg Short Term Municipal Bond ETF$3.49B0.21%2.88%2.432.70%+1.40%State Street (SPDR)
15TFISPDR Nuveen Bloomberg Municipal Bond ETFSPDR Nuveen Bloomberg Municipal Bond ETF$2.95B0.21%4.15%6.803.67%−0.60%State Street (SPDR)
16HIMUiShares High Yield Muni Active ETFiShares High Yield Muni Active ETF$2.73B—6.65%9.985.46%+0.20%iShares (BlackRock)
17FLMIFranklin Dynamic Municipal Bond ETFFranklin Dynamic Municipal Bond ETF$2.39B0.31%5.33%6.854.14%+0.20%Franklin Templeton
18DFNMDimensional National Municipal Bond ETFDimensional National Municipal Bond ETF$2.30B0.17%3.73%4.963.03%+0.60%Dimensional
19ITMVanEck Intermediate Muni ETFVanEck Intermediate Muni ETF$2.26B0.18%4.59%7.373.09%−0.40%VanEck
20VTEIVanguard Intermediate-Term Tax-Exempt BondVanguard Intermediate-Term Tax-Exempt Bond$2.17B0.08%4.41%5.883.17%+0.30%Vanguard
21FMBFirst Trust Managed Municipal ETFFirst Trust Managed Municipal ETF$1.96B0.65%—7.384.07%0.00%First
22LMUBiShares Long-Term National Muni Bd ETFiShares Long-Term National Muni Bd ETF$1.81B8.75%5.29%10.934.04%−1.60%iShares (BlackRock)
23NYFiShares New York Muni Bond ETFiShares New York Muni Bond ETF$1.70B0.26%4.62%6.883.23%−0.40%iShares (BlackRock)
24MMITIQ MacKay Municipal Intermediate ETFIQ MacKay Municipal Intermediate ETF$1.62B0.29%—6.183.72%+0.30%New York Life Investment Management
25BMOPBNY Mellon Municipal Opportunities ETFBNY Mellon Municipal Opportunities ETF$1.54B———3.48%—BNY Mellon
26BKMIBNY Mellon Municipal Intermediate ETFBNY Mellon Municipal Intermediate ETF$1.53B———2.87%—BNY Mellon
27MEARiShares Short Maturity Municipal Bond ETFiShares Short Maturity Municipal Bond ETF$1.50B0.23%4.03%1.292.81%+2.10%iShares (BlackRock)
28NYMAB New York Intermediate Municipal ETFAB New York Intermediate Municipal ETF$1.29B——5.413.00%—AllianceBernstein
29SMMUPIMCO Short Term Municipal Bond Active Exchange-Traded FundPIMCO Short Term Municipal Bond Active Exchange-Traded Fund$1.25B0.34%4.12%2.332.87%+2.20%PIMCO
30CAMAB California Intermediate Municipal ETFAB California Intermediate Municipal ETF$1.22B——4.943.29%+0.70%AllianceBernstein
31PWZInvesco California AMT-Free Municipal Bond ETFInvesco California AMT-Free Municipal Bond ETF$1.20B0.27%4.83%10.613.99%−1.80%Invesco
32FMHIFirst Trust Municipal High Income ETFFirst Trust Municipal High Income ETF$1.02B0.73%—8.904.94%+0.20%First
33MINOPIMCO Municipal Income Opportunities Active Exchange-Traded FundPIMCO Municipal Income Opportunities Active Exchange-Traded Fund$881.0M0.40%5.04%7.724.01%−0.30%PIMCO
34BABInvesco Taxable Municipal Bond ETFInvesco Taxable Municipal Bond ETF$870.0M0.26%5.31%7.144.43%−2.10%Invesco
35HMOPHartford Municipal Opportunities ETFHartford Municipal Opportunities ETF$830.0M0.27%3.85%5.673.61%+0.20%Hartford Mutual
36INMUBlackRock Intermediate Muni Income Bond ETFBlackRock Intermediate Muni Income Bond ETF$756.0M0.28%4.57%6.263.39%+1.10%iShares (BlackRock)
37MLNVanEck Long Muni ETFVanEck Long Muni ETF$744.0M0.24%5.47%10.904.04%−1.60%VanEck
38TAXFAmerican Century Diversified Municipal Bond ETFAmerican Century Diversified Municipal Bond ETF$741.0M0.30%5.36%7.033.95%−0.30%American Century
39MUNYVanguard New York Tax-Exempt Bond ETFVanguard New York Tax-Exempt Bond ETF$738.0M9.00%4.88%6.953.32%−0.40%Vanguard
40FTCAFranklin California Municipal Income ETFFranklin California Municipal Income ETF$724.0M—5.28%8.854.27%—Franklin Templeton
41IBMPiShares iBonds Dec 2027 Term Muni Bond ETFiShares iBonds Dec 2027 Term Muni Bond ETF$692.0M0.17%3.57%0.692.53%+2.40%iShares (BlackRock)
42IBMQiShares iBonds Dec 2028 Term Muni Bond ETFiShares iBonds Dec 2028 Term Muni Bond ETF$688.0M0.17%3.59%1.472.48%+2.00%iShares (BlackRock)
43FTMHPutnam Franklin Municipal High Yield ETFPutnam Franklin Municipal High Yield ETF$665.0M—5.87%8.934.97%—Franklin Templeton
44GMUBGoldman Sachs Municipal Income ETFGoldman Sachs Municipal Income ETF$656.0M18.6%3.66%4.963.44%+1.30%Goldman Sachs
45FSMBFirst Trust Short Duration Managed Municipal ETFFirst Trust Short Duration Managed Municipal ETF$651.0M0.56%—2.503.49%+1.80%First
46CALIiShares Short-Term California Muni Active ETFiShares Short-Term California Muni Active ETF$633.0M0.21%3.56%1.202.50%+1.70%iShares (BlackRock)
47FTNYPutnam Franklin New York Municipal Income ETFPutnam Franklin New York Municipal Income ETF$584.0M—5.53%8.614.11%—Franklin Templeton
48MMINIQ MacKay Municipal Insured ETFIQ MacKay Municipal Insured ETF$553.0M0.29%—8.984.17%−0.60%New York Life Investment Management
49MUSTColumbia Multi-Sector Municipal Income ETFColumbia Multi-Sector Municipal Income ETF$538.0M0.21%—7.113.48%−1.00%Columbia Threadneedle
50DFCADimensional California Municipal Bond ETFDimensional California Municipal Bond ETF$532.0M0.18%3.72%4.412.88%+0.20%Dimensional
51IBMRiShares iBonds Dec 2029 Term Muni Bond ETFiShares iBonds Dec 2029 Term Muni Bond ETF$518.0M0.18%3.54%2.292.54%+1.40%iShares (BlackRock)
52IBMOiShares iBonds Dec 2026 Term Muni BondiShares iBonds Dec 2026 Term Muni Bond$506.0M0.18%3.84%0.032.41%+2.60%iShares (BlackRock)
53SHYDVanEck Short High Yield Muni ETFVanEck Short High Yield Muni ETF$501.0M0.36%5.24%4.663.65%+2.40%VanEck
54VTELVanguard Long-Term Tax-Exempt Bond ETFVanguard Long-Term Tax-Exempt Bond ETF$486.0M9.45%5.31%10.023.95%−1.50%Vanguard
55FTMUFranklin Municipal Income ETFFranklin Municipal Income ETF$473.0M—5.40%8.184.39%—Franklin Templeton
56RMOPRockefeller Opportunistic Municipal Bond ETFRockefeller Opportunistic Municipal Bond ETF$463.0M———5.40%+0.20%Rockefeller & Co.
57BKMSBNY Mellon Municipal Short Duration ETFBNY Mellon Municipal Short Duration ETF$461.0M———2.92%—BNY Mellon
58JMSISustainable Municipal Income ETF FundSustainable Municipal Income ETF Fund$392.0M0.18%4.61%6.413.78%−0.20%JPMorgan
59SMBVanEck Short Muni ETFVanEck Short Muni ETF$387.0M0.07%4.18%2.772.82%+1.70%VanEck
60TAXEIntermediate Municipal Income ETFIntermediate Municipal Income ETF$385.0M0.24%4.78%5.023.75%+1.00%T. Rowe Price
61BSMRInvesco BulletShares (R) 2027 Municipal Bond ETFInvesco BulletShares (R) 2027 Municipal Bond ETF$370.0M0.18%3.60%1.742.73%+2.10%Invesco
62BSMSInvesco BulletShares (R) 2028 Municipal Bond ETFInvesco BulletShares (R) 2028 Municipal Bond ETF$351.0M0.18%3.70%3.052.83%+1.90%Invesco
63TAXINorthern Trust Intermediate Tax-Exempt Bond ETFNorthern Trust Intermediate Tax-Exempt Bond ETF$326.0M0.05%—4.322.63%+1.60%Northern
64BSMTInvesco BulletShares 2029 Municipal Bond ETFInvesco BulletShares 2029 Municipal Bond ETF$306.0M0.17%3.55%4.032.78%+1.10%Invesco
65JMHIHigh Yield Municipal ETF FundHigh Yield Municipal ETF Fund$302.0M0.34%7.03%7.614.57%−0.90%JPMorgan
66FUMBFirst Trust Ultra Short Duration MunicipalFirst Trust Ultra Short Duration Municipal$295.0M0.46%—0.702.94%+2.70%First
67BSMUInvesco BulletShares 2030 Municipal Bond ETFInvesco BulletShares 2030 Municipal Bond ETF$285.0M0.17%3.56%4.942.87%0.00%Invesco
68FTMAFranklin Massachusetts Municipal Inc ETFFranklin Massachusetts Municipal Inc ETF$278.0M—5.19%7.903.62%—Franklin Templeton
69FTMNFranklin Minnesota Municipal Income ETFFranklin Minnesota Municipal Income ETF$273.0M—5.00%7.323.34%—Franklin Templeton
70APMUActivePassive Intermediate Municipal Bond ETFActivePassive Intermediate Municipal Bond ETF$256.0M0.34%——2.54%−0.10%Active Passive
71BSMQInvesco BulletShares (R) 2026 Municipal Bond ETFInvesco BulletShares (R) 2026 Municipal Bond ETF$254.0M0.18%2.92%0.412.77%+2.20%Invesco
72FMUBFidelity Municipal Bond Opportunities ETFFidelity Municipal Bond Opportunities ETF$247.0M——6.493.63%+0.60%Fidelity
73GCALGoldman Sachs Dynamic California Municipal Income ETFGoldman Sachs Dynamic California Municipal Income ETF$244.0M—3.80%5.383.65%+0.50%Goldman Sachs
74SCNMSterling Capital National Municipal Bond ETFSterling Capital National Municipal Bond ETF$242.0M—4.21%7.263.34%—Sterling Capital
75FTMSPutnam Franklin Short Term Municipal Income ETFPutnam Franklin Short Term Municipal Income ETF$240.0M—4.22%2.213.36%—Franklin Templeton
76BSMWInvesco BulletShares 2032 Municipal Bond ETFInvesco BulletShares 2032 Municipal Bond ETF$235.0M0.17%3.91%7.473.34%−0.40%Invesco
77FCALFirst Trust California Municipal High Income ETFFirst Trust California Municipal High Income ETF$211.0M0.64%—7.973.86%−0.30%First
78BSMVInvesco BulletShares 2031 Municipal Bond ETFInvesco BulletShares 2031 Municipal Bond ETF$204.0M0.17%3.78%5.583.02%−0.70%Invesco
79XMPTVanEck CEF Municipal Income ETFVanEck CEF Municipal Income ETF$202.0M1.84%7.67%13.696.92%−3.70%VanEck
80IBMTiBonds Dec 2031 Term Muni Bond ETFiBonds Dec 2031 Term Muni Bond ETF$192.0M17.7%3.96%4.142.43%+0.20%iShares (BlackRock)
81PUSHPGIM Ultra Short Municipal Bond ETFPGIM Ultra Short Municipal Bond ETF$189.0M14.2%3.67%1.263.13%+2.90%PGIM
82FTNJFranklin New Jersey Municipal Income ETFFranklin New Jersey Municipal Income ETF$188.0M—5.31%7.583.61%—Franklin Templeton
83TAXTNorthern Trust Tax-Exempt Bond ETFNorthern Trust Tax-Exempt Bond ETF$176.0M——6.163.24%+1.50%Northern
84TAXSNorthern Trust Short-Term Tax-Exempt Bond ETFNorthern Trust Short-Term Tax-Exempt Bond ETF$175.0M0.05%—1.982.39%+2.50%Northern
85AVMUAvantis Core Municipal Fixed Income ETFAvantis Core Municipal Fixed Income ETF$171.0M0.15%4.83%6.923.61%−0.90%Avantis Investors
86FMUNFidelity Systematic Municipal Bond Index ETFFidelity Systematic Municipal Bond Index ETF$170.0M5.19%—7.363.41%−0.30%Fidelity
87BSMYInvesco BulletShares 2034 Municipal Bond ETFInvesco BulletShares 2034 Municipal Bond ETF$164.0M18.6%4.23%9.273.77%−1.30%Invesco
88CATFAmerican Century California Municipal Bond ETFAmerican Century California Municipal Bond ETF$153.0M—5.00%6.623.61%+0.20%American Century
89BSSXInvesco BulletShares 2033 Municipal Bond ETFInvesco BulletShares 2033 Municipal Bond ETF$151.0M0.17%4.17%8.293.44%−1.00%Invesco
90NHYMNuveen High Yield Municipal Income ETFNuveen High Yield Municipal Income ETF$145.0M———4.67%0.00%Nuveen
91RVNUXtrackers Municipal Infrastructure Revenue Bond ETFXtrackers Municipal Infrastructure Revenue Bond ETF$134.0M0.14%—7.583.81%−1.30%Xtrackers
92PZTInvesco New York AMT-Free Municipal Bond ETFInvesco New York AMT-Free Municipal Bond ETF$132.0M0.27%4.95%10.374.03%−2.90%Invesco
93FTPAFranklin Pennsylvania Municipal Income ETFFranklin Pennsylvania Municipal Income ETF$125.0M—5.57%8.733.76%—Franklin Templeton
94MFSMMFS Active Intermediate Muni Bond ETFMFS Active Intermediate Muni Bond ETF$122.0M—5.16%6.343.64%+0.10%MFS
95INTMInvesco Intermediate Municipal ETFInvesco Intermediate Municipal ETF$102.0M———3.79%+0.80%Invesco
96MMCANYLI MacKay California Muni Intermediate ETFNYLI MacKay California Muni Intermediate ETF$101.0M0.36%7.97%12.203.33%−0.40%New York Life Investment Management
97NUMINuveen Municipal Income ETFNuveen Municipal Income ETF$90.3M———3.52%−0.60%Nuveen
98MMSDNYLI MacKay Muni Short Duration ETFNYLI MacKay Muni Short Duration ETF$83.9M—3.65%9.793.57%+2.00%New York Life Investment Management
99GUMIGoldman Sachs Ultra Short Municipal Income ETFGoldman Sachs Ultra Short Municipal Income ETF$78.0M15.6%2.44%0.532.61%+3.00%Goldman Sachs
100FTOHFranklin Ohio Municipal Income ETFFranklin Ohio Municipal Income ETF$76.4M—5.03%8.313.92%—Franklin Templeton
101BSMZInvesco BulletShares 2035 Municipal Bond ETFInvesco BulletShares 2035 Municipal Bond ETF$70.4M———3.48%−1.10%Invesco
102PMIOPGIM Municipal Income Opportunities ETFPGIM Municipal Income Opportunities ETF$59.8M0.26%4.48%4.983.89%+1.40%PGIM
103MMMANYLI MacKay Muni Allocation ETFNYLI MacKay Muni Allocation ETF$59.1M—16.4%12.784.16%—New York Life Investment Management
104AMUNabrdn Ultra Short Municipal Income Active ETFabrdn Ultra Short Municipal Income Active ETF$59.0M—4.47%0.482.87%+2.80%Aberdeen
105MNBDALPS Intermediate Municipal Bond ETFALPS Intermediate Municipal Bond ETF$55.5M0.47%——3.49%+0.60%ALPS
106GMNYGoldman Sachs Dynamic New York Municipal Income ETFGoldman Sachs Dynamic New York Municipal Income ETF$54.7M—3.85%5.113.47%+0.90%Goldman Sachs
107EVYMEaton Vance High Income Municipal ETFEaton Vance High Income Municipal ETF$53.8M—5.85%9.515.10%+0.70%Eaton Vance
108FLMBFranklin Liberty Federal Tax-Free Bond ETFFranklin Liberty Federal Tax-Free Bond ETF$53.0M0.31%4.90%7.984.37%−1.50%Franklin Templeton
109MINNMairs & Power Minnesota Municipal Bond ETFMairs & Power Minnesota Municipal Bond ETF$52.7M0.24%——3.17%−1.10%Mairs & Power
110NMBSimplify National Muni Bond ETFSimplify National Muni Bond ETF$46.9M———5.07%−2.80%Simplify
111OVMOverlay Shares Municipal Bond ETFOverlay Shares Municipal Bond ETF$44.1M0.85%4.47%6.945.33%+1.90%Liquid Strategies
112RJMIRJ Eagle Municipal Income ETFRJ Eagle Municipal Income ETF$41.9M——7.633.22%−0.30%Raymond James
113PVIInvesco VRDO Tax-Free ETFInvesco VRDO Tax-Free ETF$35.9M0.23%2.58%0.122.21%+1.90%Invesco
114ZMUNF/m Callable Tax-Free Municipal ETFF/m Callable Tax-Free Municipal ETF$35.7M——0.143.58%+3.30%F/m
115THYMT. Rowe Price High Income Municipal ETFT. Rowe Price High Income Municipal ETF$33.9M—5.72%8.634.61%—T. Rowe Price
116AUSMAllspring Ultra Short Municipal ETFAllspring Ultra Short Municipal ETF$33.0M———3.03%+2.30%Allspring Global
117RMNYRockefeller New York Municipal Bond ETFRockefeller New York Municipal Bond ETF$30.5M———4.51%−0.50%Rockefeller & Co.
118MBNDSPDR Nuveen Municipal Bond ETFSPDR Nuveen Municipal Bond ETF$25.1M0.39%——3.59%−1.50%State Street (SPDR)
119FMNYFirst Trust New York Municipal High Income ETFFirst Trust New York Municipal High Income ETF$24.3M0.64%—8.474.23%−0.50%First
120TMNLT. Rowe Price Long Municipal Income ETFT. Rowe Price Long Municipal Income ETF$24.3M—5.50%7.304.38%—T. Rowe Price
121TMNST. Rowe Price Short Municipal Income ETFT. Rowe Price Short Municipal Income ETF$22.2M—4.62%2.803.46%—T. Rowe Price
122MFLXFirst Trust Flexible Municipal High Income ETFFirst Trust Flexible Municipal High Income ETF$20.5M0.85%—9.904.78%+0.10%First
123RMCARockefeller California Municipal Bond ETFRockefeller California Municipal Bond ETF$18.5M———4.56%−1.00%Rockefeller & Co.
124IBMWiShares iBonds Dec 2034 Term Muni Bond ETFiShares iBonds Dec 2034 Term Muni Bond ETF$14.7M—4.26%6.981.29%—iShares (BlackRock)
125MYMISPDR SSGA My2029 Municipal Bond ETFSPDR SSGA My2029 Municipal Bond ETF$14.6M———2.83%+0.70%State Street (SPDR)
126MUNBNorthern Trust 2035 Tax-Exempt Distributing Ladder ETFNorthern Trust 2035 Tax-Exempt Distributing Ladder ETF$13.9M——3.812.37%+0.50%Northern
127MYMJSPDR SSGA My2030 Municipal Bond ETFSPDR SSGA My2030 Municipal Bond ETF$13.4M———2.94%+0.40%State Street (SPDR)
128MYMKSPDR SSGA My2031 Municipal Bond ETFSPDR SSGA My2031 Municipal Bond ETF$11.1M———2.62%+0.50%State Street (SPDR)
129WTMUWisdomTree Core Laddered Municipal FundWisdomTree Core Laddered Municipal Fund$9.0M—3.62%5.453.23%−0.40%WisdomTree
130MYMFSPDR SSGA My2026 Municipal Bond ETFSPDR SSGA My2026 Municipal Bond ETF$8.7M———2.47%+2.20%State Street (SPDR)
131MYMGSPDR SSGA My2027 Municipal Bond ETFSPDR SSGA My2027 Municipal Bond ETF$8.6M———2.75%+2.80%State Street (SPDR)
132MUNDNorthern Trust 2055 Tax-Exempt Distributing Ladder ETFNorthern Trust 2055 Tax-Exempt Distributing Ladder ETF$8.0M——7.123.69%+0.20%Northern
133MUNANorthern Trust 2030 Tax-Exempt Distributing Ladder ETFNorthern Trust 2030 Tax-Exempt Distributing Ladder ETF$8.0M——1.812.25%+2.10%Northern
134MUNCNorthern Trust 2045 Tax-Exempt Distributing Ladder ETFNorthern Trust 2045 Tax-Exempt Distributing Ladder ETF$8.0M——6.173.29%−0.30%Northern
135MYMHSPDR SSGA My2028 Municipal Bond ETFSPDR SSGA My2028 Municipal Bond ETF$7.3M———2.77%+2.00%State Street (SPDR)
136WTMYWisdomTree High Income Laddered Municipal FundWisdomTree High Income Laddered Municipal Fund$4.9M—4.16%6.664.08%−0.60%WisdomTree
137YYYMAmplify Municipal CEF High Income ETFAmplify Municipal CEF High Income ETF$1.6M0.49%——7.69%—Amplify
138BMNBlackrock 2037 Municipal Target Term ETFBlackrock 2037 Municipal Target Term ETF——8.01%6.794.87%−2.60%BlackRock
139RFMZRiverNorth Flexible Municipal Income Fund II IncRiverNorth Flexible Municipal Income Fund II Inc————8.15%−0.30%RiverNorth Capital Management

End-of-day data from EODHD. Click a column heading to sort. Assets = net assets; 1Y return is total return including distributions; yield is the trailing 12-month distribution yield.

How this list is built

  • Bond type: municipal (from the fund name and holdings)
  • Standard funds only
  • Ranked by net assets

Interest from most municipal bonds is exempt from federal income tax, and often from state tax for residents of the issuing state. That is why muni yields look lower than Treasury or corporate yields, but can be worth more after tax for investors in high tax brackets.

Yield to maturity (YTM) and duration describe the bonds a fund holds: duration is roughly how much the fund's price changes for a 1-point move in interest rates. National funds spread holdings across many states; state funds (California, New York and others) suit residents of that state.

Want to refine this list? Open it in the ETF screener and add filters for valuation, dividends, performance and more.

Municipal Bond ETFs FAQ

What are the largest municipal bond ETFs?

By net assets as of October 26, 2026: iShares National Muni Bond ETF (MUB), $54.1 billion; Vanguard Tax-Exempt Bond ETF (VTEB), $52.4 billion; iShares Short-Term National Muni Bond ETF (SUB), $13.2 billion; Capital Group Municipal Income ETF (CGMU), $7.2 billion and iShares California Muni Bond ETF (CMF), $5.2 billion.

Are municipal bond ETF dividends tax-free?

Most of the income is exempt from federal income tax, but some may be subject to the alternative minimum tax or state tax, and capital gains distributions are taxable. Check each fund's tax information.

What is a tax-equivalent yield?

It is the taxable yield you would need to match a tax-free yield: tax-free yield ÷ (1 − your tax rate). For example, a 3% muni yield equals about 4.6% taxable for someone in the 35% bracket.

What is the average expense ratio of muni ETFs?

The median expense ratio in this list is 0.27%.

How many municipal bond ETFs are there?

This list has 139 US-listed municipal bond ETFs.

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