High Yield Municipal Bond Funds
High yield municipal bond funds typically invest a substantial portion of assets in high-income municipal securities that are not rated or that are rated at the level of or below BBB (considered high-yield within the municipal-bond industry) by a major ratings agency such as Standard & Poor’s or Moody’s.
|
Name
|
Medalist Rating
Overall
|
SEC 30-Day Yield
|
TTM Yield
|
Average Effective Duration
|
Total Return
1 Year
|
Total Return
3 Year
|
Adjusted Expense Ratio
|
Fund Size
|
|---|---|---|---|---|---|---|---|---|
| Western Asset Municipal High Income I
LMHIX
| 4.10% | 4.05% | 7.99 | 7.14% | −0.42% | 0.580% | 334.39 Mil | |
| Western Asset Municipal High Income C
SMHLX
| 3.36% | 3.32% | 7.99 | 6.35% | −1.15% | 1.330% | 334.39 Mil | |
| Western Asset Municipal High Income A
STXAX
| 3.77% | 3.87% | 7.99 | 6.93% | −0.60% | 0.770% | 334.39 Mil | |
| Western Asset Muni High Income
MHF
| — | — | 4.18% | — | 5.91% | −0.43% | — | 157.84 Mil |
| Victory High Income Municipal Bond Y
RHMYX
| 4.58% | 4.44% | 8.07 | 9.12% | −1.14% | 0.570% | 35.35 Mil | |
| Victory High Income Municipal Bond Mmbr
RHMMX
| — | 4.36% | 8.07 | 9.04% | −1.21% | 0.650% | 35.35 Mil | |
| Victory High Income Municipal Bond A
RSHMX
| 4.26% | 4.23% | 8.07 | 8.89% | −1.36% | 0.800% | 35.35 Mil | |
| VanEck Short High Yield Muni ETF
SHYD
| 3.80% | 3.05% | 4.00 | 3.73% | −1.43% | 0.350% | 315.32 Mil | |
| VanEck High Yield Muni ETF
HYD
| 4.38% | 4.26% | 6.77 | 6.23% | −2.86% | 0.320% | 3.05 Bil | |
| Thrivent High Inc Muncpl Bd S
THMBX
| 4.23% | 3.92% | — | 8.69% | −1.63% | 0.600% | 39.13 Mil | |
| Thornburg Municipal Managed Account I
THMMX
| — | 4.26% | 1.00% | — | 5.81% | — | — | 10.32 Mil |
| T. Rowe Price Tax-Free High Yield Adv
PATFX
| 3.86% | 3.28% | 7.09 | 7.90% | −1.37% | 1.020% | 3.36 Bil | |
| T. Rowe Price Tax-Free High Yield
PRFHX
| 4.19% | 3.62% | 7.09 | 8.31% | −1.06% | 0.670% | 3.36 Bil | |
| T. Rowe Price Tax Free High Yield I
PTYIX
| 4.31% | 3.74% | 7.09 | 8.45% | −0.94% | 0.550% | 3.36 Bil | |
| T. Rowe Price Interm Tx-Fr Hi Yld I
TFHAX
| 3.83% | 3.42% | 4.02 | 5.83% | −0.36% | 0.420% | 94.66 Mil | |
| T. Rowe Price Interm Tx-Fr Hi Yld
PRIHX
| 3.79% | 3.37% | 4.02 | 5.67% | −0.41% | 0.460% | 94.66 Mil | |
| SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETF
HYMB
| 4.51% | 4.14% | 7.13 | 7.60% | −2.02% | 0.350% | 2.64 Bil | |
| Russell Inv Tax-Exempt High Yield Bd S
RTHSX
| 4.17% | 4.13% | 6.73 | 7.60% | −1.10% | 0.610% | 1.98 Bil | |
| Russell Inv Tax-Exempt High Yield Bd M
RHYTX
| 4.23% | 4.19% | 6.73 | 7.57% | −1.07% | 0.540% | 1.98 Bil | |
| Russell Inv Tax-Exempt High Yield Bd A
RTHAX
| 3.74% | 3.86% | 6.73 | 7.20% | −1.39% | 0.890% | 1.98 Bil | |
| Putnam Tax-Free High Yield Y
PTFYX
| 4.05% | 3.88% | 9.31 | 8.88% | −0.53% | 0.770% | 688.54 Mil | |
| Putnam Tax-Free High Yield A
PTHAX
| 3.72% | 3.64% | 9.31 | 8.54% | −0.80% | 1.020% | 688.54 Mil | |
| Putnam Tax Free High Yield R6
PTFRX
| 4.08% | 3.91% | 9.31 | 8.91% | −0.52% | 0.750% | 688.54 Mil | |
| Putnam Managed Muni Income
PMM
| — | — | 3.03% | 9.96 | 10.31% | −2.30% | — | 312.40 Mil |
| Principal Opportunistic Municipal Instl
POMFX
| 4.38% | 4.43% | 6.97 | 7.41% | −2.07% | 0.560% | 149.66 Mil |