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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.

10 funds in the catalog. Scored using methodology v0.3.0.

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 $45.58B

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 $45.58B
96 MUB iShares National Muni Bond ETF $43.71B
95 SUB iShares Short-Term National Muni Bond ETF $11.11B
90 CMF iShares California Muni Bond ETF $4.26B
83 SHM State Street SPDR Nuveen ICE Short Term Municipal Bond ETF $3.42B
83 NYF iShares New York Muni Bond ETF $1.26B
81 ITM VanEck Intermediate Muni ETF $2.17B
80 PZA Invesco National AMT-Free Municipal Bond ETF $4.03B
78 HYD VanEck High Yield Muni ETF $4.16B
73 BAB Invesco Taxable Municipal Bond ETF $1.04B

Compare within US Municipal Bond

Run a side-by-side on any pair of US Municipal Bond funds — holdings overlap, cost difference, score breakdown. Start with the compare hub or jump directly to a fund page and use the picker.

Methodology v0.3.0. See /methodology/ for every threshold and weight used to score these funds.