{"url":"https://etfiq.com/rankings/bonds-cheapest-municipal-bond-etfs","section":"rankings","title":"Cheapest municipal bond ETFs by expense ratio | ETFIQ","description":"VTEB leads cheapest municipal bond ETFs by expense ratio at 0.03% (fee), as of Nov 12, 2026. 25 funds from ETFIQ\u2019s own published data.","as_of":"Nov 12, 2026","structured_data":[{"@type":"ItemList","name":"Cheapest municipal bond ETFs by expense ratio","numberOfItems":25,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"VTEB","url":"https://etfiq.com/funds/vteb"},{"@type":"ListItem","position":2,"name":"SCMB","url":"https://etfiq.com/funds/scmb"},{"@type":"ListItem","position":3,"name":"MUB","url":"https://etfiq.com/funds/mub"},{"@type":"ListItem","position":4,"name":"VTES","url":"https://etfiq.com/funds/vtes"},{"@type":"ListItem","position":5,"name":"FMUN","url":"https://etfiq.com/funds/fmun"},{"@type":"ListItem","position":6,"name":"TAXI","url":"https://etfiq.com/funds/taxi"},{"@type":"ListItem","position":7,"name":"TAXS","url":"https://etfiq.com/funds/taxs"},{"@type":"ListItem","position":8,"name":"VTEC","url":"https://etfiq.com/funds/vtec"},{"@type":"ListItem","position":9,"name":"SUB","url":"https://etfiq.com/funds/sub"},{"@type":"ListItem","position":10,"name":"SMB","url":"https://etfiq.com/funds/smb"},{"@type":"ListItem","position":11,"name":"CMF","url":"https://etfiq.com/funds/cmf"},{"@type":"ListItem","position":12,"name":"VTEI","url":"https://etfiq.com/funds/vtei"},{"@type":"ListItem","position":13,"name":"LMUB","url":"https://etfiq.com/funds/lmub"},{"@type":"ListItem","position":14,"name":"NYF","url":"https://etfiq.com/funds/nyf"},{"@type":"ListItem","position":15,"name":"MUNY","url":"https://etfiq.com/funds/muny"},{"@type":"ListItem","position":16,"name":"VTEL","url":"https://etfiq.com/funds/vtel"},{"@type":"ListItem","position":17,"name":"IBMQ","url":"https://etfiq.com/funds/ibmq"},{"@type":"ListItem","position":18,"name":"IBMP","url":"https://etfiq.com/funds/ibmp"},{"@type":"ListItem","position":19,"name":"IBMR","url":"https://etfiq.com/funds/ibmr"},{"@type":"ListItem","position":20,"name":"IBMO","url":"https://etfiq.com/funds/ibmo"},{"@type":"ListItem","position":21,"name":"IBMS","url":"https://etfiq.com/funds/ibms"},{"@type":"ListItem","position":22,"name":"IBMT","url":"https://etfiq.com/funds/ibmt"},{"@type":"ListItem","position":23,"name":"EVIM","url":"https://etfiq.com/funds/evim"},{"@type":"ListItem","position":24,"name":"VCRM","url":"https://etfiq.com/funds/vcrm"},{"@type":"ListItem","position":25,"name":"VSDM","url":"https://etfiq.com/funds/vsdm"}]},{"@type":"Dataset","name":"Cheapest municipal bond ETFs by expense ratio","description":"VTEB leads cheapest municipal bond ETFs by expense ratio at 0.03% (fee), as of Nov 12, 2026. 25 funds from ETFIQ\u2019s own published data.","url":"https://etfiq.com/rankings/bonds-cheapest-municipal-bond-etfs","dateModified":"2026-11-12","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What is an expense ratio?","acceptedAnswer":{"@type":"Answer","text":"An ETF\u2019s expense ratio is the yearly fee taken from its assets, net of any waiver, as its prospectus states it. A fee of 0.03% costs $3 a year on $10,000."}},{"@type":"Question","name":"Which municipal bond ETFs have the lowest fee?","acceptedAnswer":{"@type":"Answer","text":"As of Nov 12, 2026, VTEB ranks first of 102 municipal bond ETFs with at least $100m in net assets on fee, at 0.03%. SCMB is next at 0.03%."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Rankings","item":"https://etfiq.com/rankings/"},{"@type":"ListItem","position":3,"name":"Cheapest municipal bond ETFs by expense ra...","item":"https://etfiq.com/rankings/bonds-cheapest-municipal-bond-etfs"}]},{"@type":"WebPage","name":"Cheapest municipal bond ETFs by expense ratio","description":"VTEB leads cheapest municipal bond ETFs by expense ratio at 0.03% (fee), as of Nov 12, 2026. 25 funds from ETFIQ\u2019s own published data.","url":"https://etfiq.com/rankings/bonds-cheapest-municipal-bond-etfs","dateModified":"2026-11-12","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":5057,"truncated":false,"content":"ETFIQ / Rankings / Cheapest municipal bond ETFs by expense ra... \n \n As of Nov 12, 2026 . Rebuilt every trading night.\n Cheapest municipal bond ETFs by expense ratio\n As of Nov 12, 2026, VTEB has the lowest fee of 102 municipal bond ETFs with at least $100m in net assets: 0.03%. 2 funds tie there. See 25 funds ranked by fee, lowest first. Updated Nov 12, 2026.\n Cheapest municipal bond ETFs by expense ratio, ranked by fee, lowest first, as of Nov 12, 2026. Fees are each fund\u2019s net expense ratio from its latest filing, dated Feb 2, 2026 to Oct 27, 2026. Net assets are dated Jun 30, 2026 to Nov 12, 2026, each fund\u2019s latest. 1-year returns run Nov 12, 2025 to Nov 12, 2026, 365 days each. Source: ETFIQ. # Ticker Fund Fee Tie Net assets 1-year return \n 1 VTEB Vanguard Tax-Exempt Bond ETF 0.03% Tie $53.6bn +0.1% \n 2 SCMB Schwab Municipal Bond ETF 0.03% Tie $4.0bn \u22120.3% \n 3 MUB iShares National Muni Bond ETF 0.05% Tie $54.6bn 0.0% \n 4 VTES Vanguard Short-Term Tax-Exempt Bond ETF 0.05% Tie $4.2bn +1.5% \n 5 FMUN Fidelity Systematic Municipal Bond Index ETF 0.05% Tie $184m \u22120.1% \n 6 TAXI Northern Trust Intermediate Tax-Exempt Bond ETF 0.05% Tie $160m +2.3% \n 7 TAXS Northern Trust Short-Term Tax-Exempt Bond ETF 0.05% Tie $118m +2.6% \n 8 VTEC Vanguard California Tax-Exempt Bond ETF 0.06% $4.5bn \u22120.1% \n 9 SUB iShares Short-Term National Muni Bond ETF 0.07% Tie $13.3bn +1.8% \n 10 SMB VanEck Short Muni ETF 0.07% Tie $400m +2.0% \n 11 CMF iShares California Muni Bond ETF 0.08% Tie $5.4bn \u22120.1% \n 12 VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF 0.08% Tie $2.3bn +0.7% \n 13 LMUB iShares Long-Term National Muni Bond ETF 0.09% Tie $2.0bn \u22121.1% \n 14 NYF iShares New York Muni Bond ETF 0.09% Tie $1.8bn +0.2% \n 15 MUNY Vanguard New York Tax-Exempt Bond ETF 0.09% Tie $762m +0.1% \n 16 VTEL Vanguard Long-Term Tax-Exempt Bond ETF 0.09% Tie $493m \u22120.7% \n 17 IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF 0.10% Tie $690m +2.0% \n 18 IBMP iShares iBonds Dec 2027 Term Muni Bond ETF 0.10% Tie $684m +2.3% \n 19 IBMR iShares iBonds Dec 2029 Term Muni Bond ETF 0.10% Tie $534m +1.6% \n 20 IBMO iShares iBonds Dec 2026 Term Muni Bond ETF 0.10% Tie $491m +2.5% \n 21 IBMS iShares iBonds Dec 2030 Term Muni Bond ETF 0.10% Tie $403m +0.9% \n 22 IBMT iShares iBonds Dec 2031 Term Muni Bond ETF 0.10% Tie $218m +0.4% \n 23 EVIM Eaton Vance Intermediate Municipal Income ETF 0.11% $255m +1.2% \n 24 VCRM Vanguard Core Tax-Exempt Bond ETF 0.12% Tie $3.1bn +1.3% \n 25 VSDM Vanguard Short Duration Tax-Exempt Bond ETF 0.12% Tie $1.6bn +2.1% \n \n Method\n 102 municipal bond ETFs with at least $100m in net assets are listed by ETFIQ with a fee; the 25 with the lowest fee are shown. Across all 102, the median is 0.23% and the range runs from 0.03% to 0.80%. Lowest first. Funds with the same printed number are marked Tie and ordered by net assets, largest first. The set is ETFIQ\u2019s own segment, computed from each fund\u2019s filings and holdings. The list sorts one published number, with no scoring or weighting. Closed funds are not listed. A ranking is not a recommendation.\n Questions people ask\n What is an expense ratio? An ETF\u2019s expense ratio is the yearly fee taken from its assets, net of any waiver, as its prospectus states it. A fee of 0.03% costs $3 a year on $10,000. Which municipal bond ETFs have the lowest fee? As of Nov 12, 2026, VTEB ranks first of 102 municipal bond ETFs with at least $100m in net assets on fee, at 0.03%. SCMB is next at 0.03%. Where to next\n Every bond ETF Every ranking Screen every ETF Compare two ETFs Largest bond ETFs by net assets Largest government bond ETFs by net assets Largest high yield bond ETFs by net assets Cheapest short-term bond ETFs by expense ratio Cheapest corporate bond ETFs by expense ratio Largest corporate bond ETFs by net assets How each fund is placed The screener file Sources\n SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, Cheapest municipal bond ETFs by expense ratio, ranked by fee, lowest first, data as of Nov 12, 2026. https://etfiq.com/rankings/bonds-cheapest-municipal-bond-etfs Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Cheapest municipal bond ETFs by expense ratio, ranked by fee, lowest first, data as of Nov 12, 2026. https://etfiq.com/rankings/bonds-cheapest-municipal-bond-etfs APA ETFIQ. (Nov 12, 2026). Cheapest municipal bond ETFs by expense ratio, ranked by fee, lowest first. Retrieved from https://etfiq.com/rankings/bonds-cheapest-municipal-bond-etfs Markdown [Cheapest municipal bond ETFs by expense ratio, ranked by fee, lowest first (ETFIQ, Nov 12, 2026)](https://etfiq.com/rankings/bonds-cheapest-municipal-bond-etfs)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Cheapest municipal bond ETFs by expense ratio, ranked by fee, lowest first, data as of Nov 12, 2026. https://etfiq.com/rankings/bonds-cheapest-municipal-bond-etfs"}