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Short-Term National Municipal Bond Funds

Short-term national municipal bond funds invest in bonds issued by state and local governments to fund public projects. The income from these bonds is generally free from federal taxes and/or from state taxes in the issuing state. To lower risk, some of these portfolios spread their assets across many states and sectors. Other portfolios buy bonds from only one state in order to get the state-tax benefit. These portfolios have durations of less than four years (or average maturities of less than five years).
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
iShares Short-Term National Muni Bd ETF
SUB
3.13%1.92%1.772.77%0.41%0.070%8.61 Bil
abrdn Ultra Short Municipal Income A1
ATOBX
3.71%3.63%0.103.78%2.05%0.700%723.41 Mil
abrdn Ultra Short Municipal Inc Instl
ATOIX
3.98%3.88%0.104.04%2.29%0.450%723.41 Mil
abrdn Ultra Short Municipal Inc A
ATOAX
3.74%3.63%0.103.78%2.05%0.700%723.41 Mil
Western Asset Short Duration Muni Inc IS
SHDSX
2.77%2.29%2.183.38%0.33%0.350%368.02 Mil
Western Asset Short Duration Muni Inc I
SMDYX
2.72%2.25%2.183.33%0.27%0.400%368.02 Mil
Western Asset Short Duration Muni Inc C
SHDLX
2.19%1.75%2.182.81%−0.22%0.920%368.02 Mil
Western Asset Short Duration Muni Inc A
SHDAX
2.52%2.10%2.183.18%0.13%0.550%368.02 Mil
Victory Tax Exempt Short-Term Inst
USTIX
3.27%2.92%2.314.12%0.46%0.460%669.91 Mil
Victory Tax Exempt Short-Term Class A
UTESX
2.96%2.71%2.313.99%0.23%0.670%669.91 Mil
Victory Tax Exempt Short-Term
USSTX
3.22%2.89%2.314.09%0.42%0.500%669.91 Mil
Vanguard Ultra Short-Term Tx-Ex Adm
VWSUX
3.38%3.02%1.243.89%1.51%0.090%14.84 Bil
Vanguard Ultra Short-Term Tx-Ex
VWSTX
3.30%2.94%1.243.81%1.43%0.170%14.84 Bil
Vanguard Short-Term Tax-Exmpt Bd ETF
VTES
3.26%2.79%2.372.71%0.070%459.54 Mil
Vanguard Ltd-Term Tx-Ex Adm
VMLUX
3.46%2.66%2.383.78%0.66%0.090%29.39 Bil
Vanguard Ltd-Term Tx-Ex
VMLTX
3.38%2.58%2.383.70%0.58%0.170%29.39 Bil
VanEck Short Muni ETF
SMB
3.26%2.09%2.323.02%−0.31%0.070%255.74 Mil
T. Rowe Price Tax-Free Shrt-Interm I
TTSIX
3.28%2.41%2.533.22%0.11%0.380%1.49 Bil
T. Rowe Price Tax-Free Shrt-Interm Adv
PATIX
2.80%1.92%2.532.53%−0.40%0.830%1.49 Bil
T. Rowe Price Tax-Free Shrt-Interm
PRFSX
3.14%2.27%2.533.07%−0.03%0.520%1.49 Bil
Strategic Advisers Tx-Snstv Shrt Dur
FGNSX
3.23%3.94%1.78%0.120%3.81 Bil
SPDR® Nuveen Blmbg ST MunBd ETF
SHM
2.94%1.47%2.712.22%−0.54%0.200%3.78 Bil
SEI Tax-Free Conservative Income Y(SIMT)
TFCYX
3.40%3.33%0.103.41%2.01%0.200%172.50 Mil
SEI Tax-Free Conservative Income F(SIMT)
TFCAX
3.30%3.23%0.103.31%1.90%0.300%172.50 Mil
SEI Short Duration Municipal Y (STET)
SHYMX
3.11%2.61%1.383.63%1.10%0.380%833.07 Mil

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