Municipal bond funds can invest in a pool of securities issued by local, state or federal organization. Unlike individual bonds, municipal bond funds provide an easy and convenient way to invest in this type of security.
In order to help you better understand how different municipal bond funds have been perfoming recently, we have compiled this list of top performing funds.
Top 25 Municipal Bond Funds
We list out the top 25 municipal bond funds based on their 1-year trailing total returns. We have only considered funds with atleast $100 million in assets and those that have a track record of more than 1 year. We have also considered only those funds that are currently open to retail investors, institutional investors or advisors.
Certain specific share classes, including those reserved for retirement accounts, have been excluded from the list.
Since most of these funds have multiple share classes, we have considered only 1 relevant share class of a fund.
| Ticker | Name | Fund Company | Net Expense Ratio | Net Assets ($ Mn) | 1Y Total Ret % |
| ROBNX | Robinson Tax Advantaged Income Fund | Liberty Street Funds | 3.23% | 170 | 20.71% |
| BATEX | BlackRock Allc Trgt Shrs Ser E Port | BlackRock | 0.07% | 426 | 19.50% |
| MAYHX | BlackRock High Yield Municipal Fund | BlackRock | 0.66% | 1,920 | 19.18% |
| MISHX | AB Municipal Income Shares | AllianceBernstein | 0.01% | 6,490 | 18.73% |
| NHMRX | Nuveen High Yield Municipal Bond Fund | Nuveen | 0.99% | 22,600 | 17.93% |
| ATTYX | AB Tax-Aware Fixed Income Opps Port | AllianceBernstein | 0.52% | 122 | 17.30% |
| ABTYX | AB High Income Municipal Portfolio | AllianceBernstein | 0.60% | 3,690 | 16.69% |
| GHYIX | Goldman Sachs High Yield Municipal Fund | Goldman Sachs | 0.54% | 11,000 | 15.84% |
| JTISX | JPMorgan High Yield Municipal Fund | JPMorgan | 0.55% | 524 | 15.60% |
| THYIX | Transamerica High Yield Muni | Transamerica | 0.76% | 127 | 15.40% |
| SRHMX | Columbia High Yield Municipal Fund | Columbia Threadneedle | 0.66% | 761 | 14.97% |
| MMHIX | MainStay MacKay High Yield Muncpl Bd Fd | New York Life | 0.61% | 11,300 | 14.90% |
| SHYTX | DWS Strategic High Yield Tax | DWS | 0.64% | 1,040 | 14.83% |
| RTHSX | Russell Inv Tax-Exempt High Yield Bd Fd | Russell Investments | 0.64% | 1,420 | 14.70% |
| PRFHX | T. Rowe Price Tax Free High Yield Fund | T. Rowe Price | 0.62% | 5,330 | 14.69% |
| ABHYX | American Century High-Yield Municipal Fd | American Century | 0.60% | 859 | 14.64% |
| NHYMX | Northern High Yield Municipal Fund | Northern Funds | 0.60% | 669 | 14.50% |
| HYMAX | Lord Abbett High Yield Municipal Bond Fd | Lord Abbett | 0.77% | 4,320 | 14% |
| NMHIX | Neuberger Berman Municipal Hi Inc Fd | Neuberger Berman | 0.51% | 124 | 13.79% |
| AUNYX | AB Municipal Bond Inflation Strategy | AllianceBernstein | 0.50% | 1,350 | 13.60% |
| CNRMX | City National Rochdale Muni Hi Inc Fund | City National Rochdale | 0.83% | 1,930 | 13.30% |
| PHMIX | PIMCO High Yield Municipal Bond Fund | PIMCO | 0.63% | 3,260 | 13.21% |
| WHYIX | Wells Fargo High Yield Municipal Bond Fd | Wells Fargo | 0.55% | 101 | 13.05% |
| NCHRX | Nuveen CA High Yield Municipal Bond Fund | Nuveen | 1.01% | 1,500 | 12.83% |
| GWMEX | AMG GW&K Municipal Enhanced Yield Fund | AMG Funds | 0.64% | 372 | 12.80% |
Data as of June 15, 2021
