Diversified, intermediate-term investment-grade bonds. Key Stats: 3.51% 30-day SEC yield; 0.03% expense ratio. iShares National Muni Bond ETF (MUB)
Actively managed mutual fund targeting superior risk-adjusted returns. Key Stats: 4.37% 1-year total return (as of March 2026). Best for Specific Tax Savings A Guide to Municipal Bonds and How To Buy Them | Chase the best municipal bonds to buy
Broad exposure to over 6,000 investment-grade U.S. munis. Key Stats: 3.37% 30-day SEC yield; 0.05% expense ratio. Best for High Income & Yield VanEck High Yield Muni ETF (HYD) Diversified, intermediate-term investment-grade bonds
Lower-rated municipal bonds for higher potential returns. Key Stats: 4.48% 30-day SEC yield; 0.32% expense ratio. PIMCO Municipal Bond Instl (PFMIX) Key Stats: 4
Most individual investors are better served by ETFs or mutual funds due to instant diversification and professional management. Vanguard Tax-Exempt Bond ETF (VTEB)