What is ETFIQ Municipal Bonds?

A rules-based benchmark: 100% VTEB, rebalanced on the last trading day of each month. ETFIQ publishes it to measure tax-aware and tax-sensitive allocation models that hold only bonds. It is not a fund and cannot be bought.

Is ETFIQ Municipal Bonds a recommendation?

No. It is a yardstick, the same for everyone, and every weight follows from a written rule and public facts. ETFIQ publishes no trades for it and takes no payment from the issuer of any fund it holds.

Why are some of its returns hypothetical?

ETFIQ froze the rule on Oct 3, 2026. Returns before Oct 5, 2026 apply today’s rule and funds to earlier prices, which is look-ahead; returns from that date are tracked. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias.

ETFIQ Municipal Bonds benchmark

Tax-aware family · 0% stocks, not in a band

Rules-based benchmarkRebalanced monthlySeries from Aug 25, 2015 · tracked from Oct 5, 2026Method v1.3

Share on X

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, takes no payment from issuers, and makes no recommendations.

Over 10 years to Sep 30, 2026, ETFIQ Municipal Bonds had a total return of +1.48% a year, hypothetical.

One sentence, recomputed nightly. A benchmark is a rule, not a recommendation.

Stock-share scale

Holdings as of Jul 31, 2026

Five bands, open below and closed above: 15 to 30, 30 to 50, 50 to 70, 70 to 85, over 85. The portfolio is a dot with its figure, date and band. Under 15% is not a band and is drawn as empty track.

15%

30%

50%

70%

85%

0.00% stocks on Jul 31, 2026 · no band

0100% stocks

Bands alternate two greys so their edges read without colour.Text equivalent: "0.00% of holdings in stocks on Jul 31, 2026, in no band, 15% or less; the rule holds 0%."

Trailing ranges end on Sep 30, 2026, All on Oct 7, 2026. The hypothetical span is dashed and shaded; the largest drawdown is shaded and dated under the chart. Computed by ETFIQ from Tiingo daily prices.

ETFIQ Municipal BondsAll bonds, the referenceHypotheticalLargest drawdown −6.58%, Jul 6, 2026 to Sep 29, 2026

Value of $10,000 at six points from Sep 30, 2025 to Sep 30, 2026; the same numbers as the chart, hypothetical.
Value on	Sep 30, 2025	Dec 10, 2025	Feb 24, 2026	May 7, 2026	Jul 21, 2026	Sep 30, 2026
Municipal Bonds	$10,000	$10,123	$10,336	$10,255	$10,261	$9,785
Reference	$10,000	$10,083	$10,245	$10,128	$10,076	$9,815

ETFIQ Municipal BondsAll bonds, the referenceHypotheticalLargest drawdown −6.58%, Jul 6, 2026 to Sep 29, 2026

Value of $10,000 at six points from Sep 29, 2023 to Sep 30, 2026; the same numbers as the chart, hypothetical.
Value on	Sep 29, 2023	May 6, 2024	Dec 10, 2024	Jul 21, 2025	Feb 25, 2026	Sep 30, 2026
Municipal Bonds	$10,000	$10,632	$11,003	$10,705	$11,470	$10,853
Reference	$10,000	$10,476	$11,001	$11,195	$11,754	$11,264

ETFIQ Municipal BondsAll bonds, the referenceHypotheticalLargest drawdown −12.35%, Dec 23, 2021 to Oct 25, 2022

Value of $10,000 at six points from Sep 30, 2021 to Sep 30, 2026; the same numbers as the chart, hypothetical.
Value on	Sep 30, 2021	Sep 29, 2022	Sep 29, 2023	Sep 27, 2024	Sep 30, 2025	Sep 30, 2026
Municipal Bonds	$10,000	$8,939	$9,181	$10,069	$10,182	$9,964
Reference	$10,000	$8,570	$8,604	$9,619	$9,874	$9,691

ETFIQ Municipal BondsAll bonds, the referenceHypotheticalLargest drawdown −17.00%, Mar 9, 2020 to Mar 19, 2020

Value of $10,000 at six points from Sep 30, 2016 to Sep 30, 2026; the same numbers as the chart, hypothetical.
Value on	Sep 30, 2016	Sep 28, 2018	Sep 29, 2020	Sep 27, 2022	Sep 27, 2024	Sep 30, 2026
Municipal Bonds	$10,000	$10,072	$11,367	$10,396	$11,709	$11,587
Reference	$10,000	$9,858	$11,654	$9,769	$11,081	$11,164

ETFIQ Municipal BondsAll bonds, the referenceHypotheticalLargest drawdown −17.00%, Mar 9, 2020 to Mar 19, 2020

Value of $10,000 at six points from Aug 25, 2015 to Oct 7, 2026; the same numbers as the chart, hypothetical.
Value on	Aug 25, 2015	Nov 10, 2017	Feb 4, 2020	Apr 22, 2022	Jul 16, 2024	Oct 7, 2026
Municipal Bonds	$10,000	$10,723	$11,852	$11,415	$12,194	$12,236
Reference	$10,000	$10,532	$11,696	$11,016	$11,285	$11,807

Facts

As of Oct 7, 2026

Family · band: Tax-aware · not in a band
Stock share, the rule: 0%
Stock share, measured: 0.00%
Rebalance: Rebalanced on the last trading day of each month
Cash rate: Treasury 13-week bill rate
Fee treatment: Fund fees inside prices; nothing else deducted
Start of series: Aug 25, 2015
Base date: Aug 25, 2015 = $10,000
Tracked from: Oct 5, 2026
Method version: v1.3

ETFIQ takes no payment from any fund company. A benchmark is a rule, not a recommendation.

Return table

Prices to Oct 7, 2026

	YTD*	1Y*	3Y*	5Y*	10Y*	Since start*
ETFIQ Municipal Bonds	−4.00%	−2.15%	+2.76%	−0.07%	+1.48%	+1.89%
All bonds, the reference	−2.63%	−1.85%	+4.05%	−0.63%	+1.11%	+1.54%
Difference	−1.37	−0.30	−1.29	+0.56	+0.37	+0.35

*Hypothetical as a whole: the window begins before the tracked date, Oct 5, 2026. YTD and 1Y are total returns; 3Y, 5Y, 10Y and since start are annualised; the difference row is the two figures above it subtracted, in percentage points. Series starts Aug 25, 2015; tracked from Oct 5, 2026. The reference: the strategic member at stock share 0.

Risk by window

Prices to Sep 30, 2026

Measure	3 years*		5 years*		10 years*
Measure	Portfolio	Reference	Portfolio	Reference	Portfolio	Reference
Volatility (annualised) Sample standard deviation of monthly returns, times the square root of 12	5.59%	5.55%	6.35%	6.50%	5.27%	5.23%
Maximum drawdown Largest fall from a peak to a later low, on daily values, in the window	−6.58% (Jul 6 to Sep 29, 2026)	−4.78% (Sep 16, 2024 to Jan 13, 2025)	−12.35% (Dec 23, 2021 to Oct 25, 2022)	−17.35% (Nov 9, 2021 to Oct 20, 2022)	−17.00% (Mar 9 to Mar 19, 2020)	−18.50% (Aug 4, 2020 to Oct 20, 2022)
Worst month Lowest single calendar-month return	−3.73% (Sep 2026)	−2.58% (Sep 2026)	−3.73% (Sep 2026)	−4.16% (Sep 2022)	−3.81% (Nov 2016)	−4.16% (Sep 2022)
Sharpe on T-bills Return over the Treasury 13-week bill rate, per unit of volatility, monthly	−0.29	−0.07	−0.60	−0.67	−0.17	−0.24
Beta to the reference Sensitivity to the reference’s monthly moves	0.87	not published	0.90	not published	0.87	not published
Up capture Share of the reference’s gains kept in its up months	83.49%	not published	91.17%	not published	92.17%	not published
Down capture Share of the reference’s losses taken in its down months	94.16%	not published	85.81%	not published	84.94%	not published

*Hypothetical as a whole: the window begins before the tracked date, Oct 5, 2026. Not published: the reference’s beta and captures. A reference measured against itself.

Calendar years with percentile in band

prices to Oct 7, 2026

Year	Municipal Bonds	All bonds, the reference	Band median	Percentile · funds	Band low to high
2026 to Oct 7, 2026*	−4.00%	−2.63%	not published	not published	not published
2025*	+3.72%	+7.14%	not published	not published	not published
2024*	+1.31%	+1.34%	not published	not published	not published
2023*	+6.15%	+5.65%	not published	not published	not published
2022*	−8.00%	−13.07%	not published	not published	not published
2021*	+1.14%	−1.82%	not published	not published	not published
2020*	+5.20%	+7.60%	not published	not published	not published
2019*	+7.35%	+8.65%	not published	not published	not published
2018*	+1.04%	−0.01%	not published	not published	not published
2017*	+4.87%	+3.56%	not published	not published	not published
2016*	+0.18%	+2.47%	not published	not published	not published
2015	not published	not published	not published	not published	not published

*Hypothetical: the year starts before Oct 5, 2026, when the tracked record starts. Not published: 2015. The history starts 2015-08-25, after the last close of December 2014. Not published: the band median, percentile and range. ETFIQ has not placed allocation funds in bands yet, so there is no set to take a percentile in.

Stress windows

Rule version 1 · prices to each window’s last close

11 windows, found by the published rule on every run: each card draws the family’s members from $10,000 at the window’s first close, with the return, the dollars and the largest drawdown inside it.

VT fell 10.76%

Jan 11 to Feb 8, 2010

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	no history
Tax-Aware 20	no history
Tax-Aware 40	no history
Tax-Aware 60	no history
Tax-Aware 80	no history
Tax-Aware 95	no history

Not shown, outside a member’s history: Municipal Bonds: outside its history (its history runs 2015-08-25 to 2026-10-07); Tax-Aware 20: outside its history (its history runs 2015-08-25 to 2026-10-07); Tax-Aware 40: outside its history (its history runs 2015-08-25 to 2026-10-07); Tax-Aware 60: outside its history (its history runs 2015-08-25 to 2026-10-07); Tax-Aware 80: outside its history (its history runs 2015-08-25 to 2026-10-07); Tax-Aware 95: outside its history (its history runs 2015-08-25 to 2026-10-07).

VT fell 16.44%

Apr 14 to Jun 7, 2010

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	no history
Tax-Aware 20	no history
Tax-Aware 40	no history
Tax-Aware 60	no history
Tax-Aware 80	no history
Tax-Aware 95	no history

VT fell 23.83%

Apr 29 to Oct 3, 2011

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	no history
Tax-Aware 20	no history
Tax-Aware 40	no history
Tax-Aware 60	no history
Tax-Aware 80	no history
Tax-Aware 95	no history

AGG fell 5.14%

May 2 to Sep 5, 2013

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	no history
Tax-Aware 20	no history
Tax-Aware 40	no history
Tax-Aware 60	no history
Tax-Aware 80	no history
Tax-Aware 95	no history

VT fell 19.79%

May 21, 2015 to Feb 11, 2016

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	no history
Tax-Aware 20	no history
Tax-Aware 40	no history
Tax-Aware 60	no history
Tax-Aware 80	no history
Tax-Aware 95	no history

Not shown, outside a member’s history: Municipal Bonds: partly outside its history (its history runs 2015-08-25 to 2026-10-07); a window is never cut to fit; Tax-Aware 20: partly outside its history (its history runs 2015-08-25 to 2026-10-07); a window is never cut to fit; Tax-Aware 40: partly outside its history (its history runs 2015-08-25 to 2026-10-07); a window is never cut to fit; Tax-Aware 60: partly outside its history (its history runs 2015-08-25 to 2026-10-07); a window is never cut to fit; Tax-Aware 80: partly outside its history (its history runs 2015-08-25 to 2026-10-07); a window is never cut to fit; Tax-Aware 95: partly outside its history (its history runs 2015-08-25 to 2026-10-07); a window is never cut to fit.

VT fell 19.97%

Jan 26 to Dec 24, 2018

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	+1.69%	$10,169	−1.80%
Tax-Aware 20	−2.88%	$9,712	−2.93%
Tax-Aware 40	−7.32%	$9,268	−7.32%
Tax-Aware 60	−11.66%	$8,834	−11.66%
Tax-Aware 80	−15.87%	$8,413	−15.87%
Tax-Aware 95	−18.96%	$8,104	−18.96%

VT fell 34.23%

Feb 12 to Mar 23, 2020

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	−9.72%	$9,028	−17.00%
Tax-Aware 20	−14.99%	$8,501	−18.87%
Tax-Aware 40	−20.08%	$7,992	−21.93%
Tax-Aware 60	−24.98%	$7,502	−25.39%
Tax-Aware 80	−29.69%	$7,031	−29.69%
Tax-Aware 95	−33.11%	$6,689	−33.11%

AGG fell 9.58%

Mar 6 to Mar 18, 2020

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	−12.49%	$8,751	−12.77%
Tax-Aware 20	−14.45%	$8,555	−14.45%
Tax-Aware 40	−16.43%	$8,357	−16.43%
Tax-Aware 60	−18.41%	$8,159	−18.41%
Tax-Aware 80	−20.40%	$7,960	−20.40%
Tax-Aware 95	−21.89%	$7,811	−21.89%

AGG fell 18.44%, not yet regained

Aug 4, 2020 to Oct 20, 2022

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	−9.07%	$9,093	−11.70%
Tax-Aware 20	−6.10%	$9,390	−14.32%
Tax-Aware 40	−3.21%	$9,679	−17.27%
Tax-Aware 60	−0.43%	$9,957	−20.21%
Tax-Aware 80	+2.25%	$10,225	−23.24%
Tax-Aware 95	+4.19%	$10,419	−25.60%

VT fell 26.39%

Nov 8, 2021 to Oct 12, 2022

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	−9.88%	$9,012	−11.40%
Tax-Aware 20	−13.31%	$8,669	−14.32%
Tax-Aware 40	−16.68%	$8,332	−17.27%
Tax-Aware 60	−19.98%	$8,002	−20.21%
Tax-Aware 80	−23.22%	$7,678	−23.22%
Tax-Aware 95	−25.60%	$7,440	−25.60%

VT fell 16.51%

Feb 18 to Apr 8, 2025

$10,000

Member	Return	On $10,000	Max DD
Municipal Bonds	−3.15%	$9,685	−4.28%
Tax-Aware 20	−5.92%	$9,408	−6.32%
Tax-Aware 40	−8.64%	$9,136	−8.71%
Tax-Aware 60	−11.31%	$8,869	−11.31%
Tax-Aware 80	−13.94%	$8,606	−13.94%
Tax-Aware 95	−15.87%	$8,413	−15.87%

The rule. A fall of VT of 10% or more, and a fall of AGG of 5% or more, measured exactly on the published adjusted closes. A fall of 9.99% in VT is not a window. A window runs from its peak close to its trough close, both days included, and is named by them. Rule version 1.

Holdings

Weights in force since Aug 25, 2015

Fund	Sleeve	Weight	Fee
VTEB Vanguard Tax-Exempt Bond ETF	Municipal bonds	100%	0.03%

The weights the rule sets at each rebalance, in force since Aug 25, 2015. Each fund’s expense ratio is from its prospectus, as of Feb 27, 2026.

Exposures against the reference

Holdings as of Jul 31, 2026

Stocks0.00%0.00%level

Preferred shares0.00%0.00%level

Bonds98.93%98.62%0.31 points over

Where it comes from: VTEB 98.93

Funds0.00%0.00%level

Other, including cash1.07%1.38%0.31 points under

Where it comes from: VTEB 1.07

Municipal bonds98.93%

Where it comes from: VTEB 98.93

Stocks by region: not published (the portfolio holds no stocks)
Sectors: not published (the portfolio holds no stocks)
Bonds by issuer, Government: not published (no held fund with bonds publishes a government share of its bonds)
Bonds by issuer, Corporate: not published (no held fund with bonds publishes a corporate share of its bonds)

Percent of the portfolio, looked through to each fund’s filings. The lower bar is All bonds, by the same rule; the difference is in percentage points. Not published: Municipal bonds for the reference. The reference publishes no such row.

Factor loadings

132 months to Aug 31, 2026

Regression of monthly excess returns on the five Fama-French factors and momentum, by least squares, with a t statistic for each.

Market (Mkt-RF) 0.13 (t 4.70)not published

Size (SMB) 0.01 (t 0.12)not published

Value (HML) −0.05 (t −1.12)not published

Profitability (RMW) 0.00 (t 0.00)not published

Investment (CMA) 0.01 (t 0.10)not published

Momentum (Mom) 0.02 (t 0.58)not published

R² 0.19. Factor returns from the Kenneth R. French data library, as named in Sources. Loadings over a span that begins before Oct 5, 2026 are hypothetical. Not published: the lower bar and the difference. The reference’s loadings cover Jan 29, 2010 to Aug 31, 2026, not the same months as these, Aug 31, 2015 to Aug 31, 2026.

Turnover

12 months to Sep 30, 2026 · 0.00% a year

Share of the benchmark traded each month, from the rule’s rebalances.

Oct 2025Every month a reset to the same targetsSep 2026

Each month is the sum of its rebalances’ turnover, one side of the trades over the portfolio; the 12 add up to 0.00% a year. Trading costs are not deducted from the returns. Since Aug 31, 2015: 0.00% a year.

Look-through holdings

Books as of Aug 31, 2026

100.00% of the portfolio seen through to securities; 0.00% unmatched (rows with no ETFIQ security id, never ranked). Percent of the gross long weight; negative lines, such as cash owed and written options, net −0.05% of the portfolio. Matched by ETFIQ security id (all 1 books read carry a sid for every row). Books: VTEB Aug 31, 2026.

#	Security	Share of portfolio	Held by
1	Vanguard Municipal Low Duration Fund CMT Held by VTEB 0.81	0.81%	1 of 1 funds
2	State of California CAS Held by VTEB 0.16	0.16%	1 of 1 funds
3	State of California CAS Held by VTEB 0.15	0.15%	1 of 1 funds
4	City of New York NY NYC Held by VTEB 0.12	0.12%	1 of 1 funds
5	University of California UNVHGR Held by VTEB 0.11	0.11%	1 of 1 funds
6	Oregon State Facilities Authority ORSFAC Held by VTEB 0.10	0.10%	1 of 1 funds
7	State of Idaho IDS Held by VTEB 0.10	0.10%	1 of 1 funds
8	Tarrant County Cultural Education Facilities Finance Corp TAREDU Held by VTEB 0.10	0.10%	1 of 1 funds
9	State of California CAS Held by VTEB 0.10	0.10%	1 of 1 funds
10	New Jersey Turnpike Authority NJSTRN Held by VTEB 0.10	0.10%	1 of 1 funds
11	New Jersey Health Care Facilities Financing Authority NJSMED Held by VTEB 0.10	0.10%	1 of 1 funds
12	City of New York NY NYC Held by VTEB 0.10	0.10%	1 of 1 funds
13	State of Maryland MDS Held by VTEB 0.09	0.09%	1 of 1 funds
14	State of Wisconsin WIS Held by VTEB 0.09	0.09%	1 of 1 funds
15	Triborough Bridge & Tunnel Authority TRBTRN Held by VTEB 0.08	0.08%	1 of 1 funds
16	Dallas Independent School District DALSCD Held by VTEB 0.08	0.08%	1 of 1 funds
17	New York State Thruway Authority NYSTRN Held by VTEB 0.08	0.08%	1 of 1 funds
18	Ohio Water Development Authority Water Pollution Control Loan Fund OHSPOL Held by VTEB 0.08	0.08%	1 of 1 funds
19	Energy Northwest ENEPWR Held by VTEB 0.08	0.08%	1 of 1 funds
20	New Jersey Turnpike Authority NJSTRN Held by VTEB 0.08	0.08%	1 of 1 funds
21	Ohio State University/The OHSHGR Held by VTEB 0.08	0.08%	1 of 1 funds
22	New York State Dormitory Authority NYSHGR Held by VTEB 0.08	0.08%	1 of 1 funds
23	State of Illinois ILS Held by VTEB 0.08	0.08%	1 of 1 funds
24	Kentucky State Property & Building Commission KYSFAC Held by VTEB 0.07	0.07%	1 of 1 funds
25	Metropolitan Government of Nashville & Davidson County TN MET Held by VTEB 0.07	0.07%	1 of 1 funds

The 25 largest of 10,723 securities matched across 1 funds; each row opens to list the funds that hold it.

Costs

Fees from prospectuses, Feb 27, 2026

Layer	A year	On $10,000	Source · date
Weighted fund fee	0.03%	$3.00	Prospectuses · Feb 27, 2026

Weighted expense ratio 0.03%, each weight times its fund’s expense ratio. It is already inside the returns below.

Change log

Every target-weight change since Aug 25, 2015 · newest first

2015*

Date	Holding	Old	New	Reason
Aug 25, 2015	VTEB	not held	100.00%	Initial allocation

*A change before Oct 5, 2026 is hypothetical: the rule applied to earlier prices. 134 drift rebalances between Aug 25, 2015 and Oct 7, 2026 reset the weights to these targets; they are counted, not listed.

Method, definitions and disclosures

Methodology v1.3 · read it

Total return: Value at the end over value at the start, minus 1: distributions reinvested, each fund’s fees inside its price.
Annualised: (1 + total return) to the power 12 over the number of whole months, minus 1; from 12 months.
Volatility: Sample standard deviation of monthly returns, times the square root of 12; from 36 monthly returns.
Maximum drawdown: The largest fall from a peak to a later low, on daily values, with the dates of both.
Sharpe on T-bills: 12 times the mean monthly return over the Treasury 13-week bill rate, over the square root of 12 times its standard deviation; from 36 months.
Turnover: The trading of the rebalances inside the window, a year, the start excluded.

The rule: 100% VTEB, rebalanced on the last trading day of each month. The tax-aware family’s rule, as the method states it: “x% VT, (100 - x)% VTEB.” Methodology version 1.3; launched on Oct 3, 2026, when ETFIQ froze the family’s rule. Every weight follows from the rule and public facts.

Launched on Oct 3, 2026, when ETFIQ froze its rule. Figures before Oct 5, 2026 are hypothetical: today’s rule and funds applied to earlier prices, which is look-ahead. From Oct 5, 2026 the record is tracked, and a window that starts before it is hypothetical as a whole.

Total returns are market price with distributions reinvested, net of each fund’s own fees, with nothing else deducted. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias. Data sourced by Tiingo.

Questions people ask about Municipal Bonds

What is ETFIQ Municipal Bonds?: A rules-based benchmark: 100% VTEB, rebalanced on the last trading day of each month. ETFIQ publishes it to measure tax-aware and tax-sensitive allocation models that hold only bonds. It is not a fund and cannot be bought.
Is ETFIQ Municipal Bonds a recommendation?: No. It is a yardstick, the same for everyone, and every weight follows from a written rule and public facts. ETFIQ publishes no trades for it and takes no payment from the issuer of any fund it holds.
Why are some of its returns hypothetical?: ETFIQ froze the rule on Oct 3, 2026. Returns before Oct 5, 2026 apply today’s rule and funds to earlier prices, which is look-ahead; returns from that date are tracked. The price source does not carry funds that closed before 2016, so nothing here is free of survivorship bias.

Where to next

Every tax-aware benchmark →How the benchmarks are built →Every benchmark →Core funds →Look a portfolio through →Every method →Every model, side by side →

Sources and credit

Prices and distributions, every fund heldData sourced by Tiingo · computed by ETFIQ from Tiingo daily prices · Oct 7, 2026 ↗Holdings, each fundETFIQ open data: each fund’s book and its N-PORT facts The T-bill rate, for the Sharpe ratioU.S. Treasury daily bill rates ↗Fees and prospectuses, each fundEach fund’s page, with its prospectus and fee Factor returns, for the loadingsKenneth R. French data library ↗The rule, v1.3How the ETFIQ benchmarks are built

ETFIQ takes no payment from any fund company. A link is not an endorsement. Figures are calculated by ETFIQ from the sources above and are free to use with attribution.

Cite this page

ETFIQ, ETFIQ Municipal Bonds: weights, rule and returns, data as of Oct 7, 2026. https://etfiq.com/benchmarks/municipal-bonds/

Open data →

CSVholdings returns calendar years risk and cost

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data. Figures before Oct 5, 2026 are hypothetical.

ETFIQ Municipal Bonds benchmark

Stock-share scale

Growth of $10,000

Facts

Return table

Risk by window

Calendar years with percentile in band

Stress windows

Holdings

Exposures against the reference

Factor loadings

Turnover

Look-through holdings

Costs

Change log

Method, definitions and disclosures

Questions people ask about Municipal Bonds