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Find best municipal bond exchange traded funds (ETFs) 2014. These top muni bond funds are great for investors hence they provide tax free income from federal income tax.

Best Municipal Bond ETFs 2014 Top Muni Bond ETFs

ETFs or exchange traded funds are traded like stock. They also provide choice for investment. Investing in individual municipal bond is difficult for small investors. Using ETFs, investor can pick and choose certain sector of municipal bond funds.

Municipal bond ETFs invest mainly in investment grade fixed income securities issued by states, cities, town, and public utilities in USA. The high yield municipal bond funds invest in lower quality municipal debts. Income provided by the funds is exempted from federal income tax. If you are in high tax bracket, investing in municipal bond ETFs can provide higher total return through capital appreciation and tax free income.

Best Municipal Debt ETFs

These best ETFs for 2013 are selected based several things such as future performance, low cost, and growth opportunity. The funds are ranked with among the best in municipal bond ETFs. You may find the fund review below and other fund information.

The 10 best municipal bond ETFs 2014 are:
  1. iShares S&P National Municipal Bond Fund (MUB)
  2. PIMCO Intermediate Municipal Bond Exchange-Traded Fund (MUNI)
  3. iShares S&P Short Term National Municipal Bond Fund (SUB)
  4. SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB)
  5. Market Vectors Short Municipal Index ETF (SMB)
  6. SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM)
  7. Market Vectors Intermediate Municipal Index ETF (ITM)
  8. SPDR Nuveen Barclays Municipal Bond ETF (TFI)
  9. Market Vectors Municipal Bond Closed-End Fund ETF (XMPT)
  10. PIMCO Short Term Municipal Bond Exchange-Traded Fund (SMMU)
Updated on July 23, 2013

iShares S&P National Municipal Bond Fund (MUB) iShares S&P National Municipal Bond Fund (MUB)

This iShares S&P National Municipal Bond Fund objective is to achieve generate tax-exempt income. This top bond fund has $3.46 billion of total net assets. It is currently traded at discount -1.55% from its NAV. This fixed income fund has 3-stars rating from Morningstar. It also has 0.25% annual expense ratio. The CUSIP of this fund is 464288414.

MoreBest National Municipal Bond Closed End Funds

As of July 9, 2013, the fund has -4.79% YTD return. The fund has returned 3.17% over the past 3-year and 4.19% over the past 5-year. It has average maturity of 6.34 years and effective duration of 6.98 years. The top holdings as of July 5, 2013 are Blackrock Liq Fd Munifund (1.44%) and California St (0.54%). The top sectors are Transportation (21.39%), Various Purpose (19.68%), Utility (18.16%) and Tax-Revenue (15.19%).

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (MUNI)

Joseph Deane is the current fund manager. This PIMCO Intermediate Municipal Bond Exchange-Traded fund is designed to seek tax-exempt income. It has a diversified portfolio of primarily intermediate duration and high credit quality bonds. Morningstar rated this fund with 3-stars rating. It has total net assets of $184.26 million. The fund also has 12-month yield of 2.30%.

As one of the best municipal bond ETFs 2013, it was introduced to public in 2009. It is currently traded at discount -0.21% from its NAV. This bond fund has returned 8.01% in 2011 and 4.71% in 2012. It has YTD return of -3.82% as of July 9, 2013. The top region breakdown is New York (14.66%), Texas (12.11%) and California (10.11%). The top holdings are US Treasury Note (4.72%) and US Treasury Bills (2.98%).

SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB)

This SPDR Nuveen S&P High Yield Municipal Bond ETF aim is to provide investment results that correspond generally to the price and yield performance of the S&P Municipal Yield Index. The current share price is $52.45 (as of July 9, 2013). Its annual expense ratio is only 0.45%. As one of the best High Yield Muni ETFs, it has total assets of $216.14 million.

MoreTop Performer Municipal Bond ETFs December 2012

The top holdings as of July 4, 2013 are Golden St Tobacco Securitization (1.59%), Tobacco Settlement Fing Corp (1.04%) and Tobacco Securitization Authority (1.0%). California (19.00%) is the top state in this fund.

Market Vectors Short Municipal Index ETF (SMB)

This Market Vectors Short Municipal Index ETF is designed to track an index of short-duration municipal. The expense ratio is 0.20% per year. The total net assets are $218.56 million. It has 12-month dividend yield of 1.44%. The effective duration is 3.15 years and 4.95 years to maturity. The CUSIP of this fund is 57060U803.

As of June 2013, it has a total of 275 holdings. The top holdings are State of Illinois (2.74%), County of Baltimore MD (1.65%) and State of North Carolina (1.62%). For 2013, the fund has YTD return of -0.98%. It has returned 1.73% over the past 3-year and 3.28% over the past 5-year.

Municipal Bond ETFs Profile


NoFund DescriptionTickerRatingAssets (Mil) Expense RatioYield
1iShares S&P National AMT-Free Muni BdMUB3$3,460 0.25%2.91%
2PIMCO Intermediate Municipal Bond ETFMUNI3$184 0.35%2.30%
3iShares S&P S/T Natnl AMT-Free Muni BdSUB2$643 0.25%0.92%
4SPDR Nuveen S&P High Yield Municipal BdHYMBN/A$216 0.45%4.93%
5Market Vectors Short Municipal Index ETFSMB4$219 0.20%1.44%
6SPDR Nuveen Barclays Capital S/T Muni BdSHM3$1,920 0.20%1.12%
7Market Vectors Intermediate Muni ETFITM4$676 0.24%2.60%
8SPDR Nuveen Barclays Capital Muni BondTFI3$1,070 0.23%2.81%
9Market Vectors CEF Municipal Income ETFXMPTN/A$23 0.40%5.81%
10PIMCO Short Term Municipal Bond ETFSMMU2$63 0.35%0.94%

Fund Performance

NoFund DescriptionTickerYTD Return %1-Year Return %3-Year Return %5-Year Return %
1iShares S&P National AMT-Free Muni BdMUB-4.79%-2.78%3.17%4.19%
2PIMCO Intermediate Municipal Bond ETFMUNI-3.82%-1.51%2.93%N/A
3iShares S&P S/T Natnl AMT-Free Muni BdSUB-0.75%-0.90%0.91%N/A
4SPDR Nuveen S&P High Yield Municipal BdHYMB-7.30%-1.99%N/AN/A
5Market Vectors Short Municipal Index ETFSMB-0.98%-0.64%1.73%3.28%
6SPDR Nuveen Barclays Capital S/T Muni BdSHM-0.97%-0.63%1.27%2.69%
7Market Vectors Intermediate Muni ETFITM-5.71%-3.04%3.53%4.86%
8SPDR Nuveen Barclays Capital Muni BondTFI-5.53%-2.90%3.31%4.57%
9Market Vectors CEF Municipal Income ETFXMPT-10.62%-9.37%N/AN/A
10PIMCO Short Term Municipal Bond ETFSMMU-0.19%0.08%1.00%N/A

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