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Category

US Municipal Bond

US state and local government bonds. Interest is federally tax-exempt, and state-tax-exempt for in-state residents — the only US asset class where the tax wrapper materially changes the cost-benefit calculation in a taxable account.

15 funds in the catalog. Scored using methodology v0.5.2. · Read the guide

Top score

VTEB 97 / 100

Vanguard Tax-Exempt Bond Index Fund ETF Shares

Cheapest

VTEB 0.030%

Vanguard Tax-Exempt Bond Index Fund ETF Shares

Largest by AUM

VTEB $56.69B†

Vanguard Tax-Exempt Bond Index Fund ETF Shares

All US Municipal Bond funds

Score Ticker Name AUM
97 VTEB Vanguard Tax-Exempt Bond Index Fund ETF Shares $56.69B†
97 MUB iShares National Muni Bond ETF $54.41B
96 SUB iShares Short-Term National Muni Bond ETF $13.29B
93 SCMB Schwab Municipal Bond ETF $4.07B
92 CMF iShares California Muni Bond ETF $5.38B
91 JMUB JPMorgan Municipal ETF $9.04B
91 JMST JPMorgan Ultra-Short Municipal Income ETF $8.35B
87 NYF iShares New York Muni Bond ETF $1.76B
86 CGMU Capital Group Municipal Income ETF $7.46B
86 SHM State Street SPDR Nuveen ICE Short Term Municipal Bond ETF $3.51B
85 ITM VanEck Intermediate Muni ETF $2.33B
83 PZA Invesco National AMT-Free Municipal Bond ETF $4.11B
82 HYD VanEck High Yield Muni ETF $4.60B
80 MUNI PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund $3.70B
76 BAB Invesco Taxable Municipal Bond ETF $874.6M

† Whole fund: this ETF is one share class of a fund that also sells mutual-fund shares, and the figure covers all of them. Our sources don't report the ETF class on its own.

Compare within US Municipal Bond

The closest-held pairs in this category, by holdings overlap. Each side-by-side breaks down shared positions, cost difference, and the full score breakdown.

Every other pairing is on the compare hub.

Methodology v0.5.2. See /methodology/ for every threshold and weight used to score these funds.