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% | 4.12% | 7.99 | 6.60% | −0.20% | 0.580% | 337.17 Mil | |
| Western Asset Municipal High Income C
SMHLX
| 3.36% | 3.41% | 7.99 | 5.75% | −0.91% | 1.330% | 337.17 Mil | |
| Western Asset Municipal High Income A
STXAX
| 3.77% | 3.94% | 7.99 | 6.39% | −0.38% | 0.770% | 337.17 Mil | |
| Western Asset Muni High Income
MHF
| — | — | 4.03% | — | 5.99% | −0.23% | — | 158.70 Mil |
| Victory High Income Municipal Bond Y
RHMYX
| 4.58% | 4.57% | 8.07 | 9.47% | −0.77% | 0.570% | 35.58 Mil | |
| VanEck Short High Yield Muni ETF
SHYD
| 3.80% | 3.06% | 4.00 | 4.02% | −1.25% | 0.350% | 322.75 Mil | |
| VanEck High Yield Muni ETF
HYD
| 4.46% | 4.30% | 6.77 | 6.20% | −2.58% | 0.320% | 3.06 Bil | |
| Thrivent High Inc Muncpl Bd S
THMBX
| 4.30% | 3.99% | — | 8.34% | −1.33% | 0.600% | 40.31 Mil | |
| Thornburg Municipal Managed Account I
THMMX
| — | 4.11% | 1.01% | — | 6.00% | — | — | 10.32 Mil |
| T. Rowe Price Tax-Free High Yield Adv
PATFX
| 3.79% | 3.39% | 7.09 | 6.92% | −1.13% | 1.020% | 3.36 Bil | |
| T. Rowe Price Tax-Free High Yield
PRFHX
| 4.13% | 3.73% | 7.09 | 7.31% | −0.81% | 0.670% | 3.36 Bil | |
| T. Rowe Price Tax Free High Yield I
PTYIX
| 4.26% | 3.86% | 7.09 | 7.45% | −0.69% | 0.550% | 3.36 Bil | |
| T. Rowe Price Interm Tx-Fr Hi Yld I
TFHAX
| 3.79% | 3.48% | 4.02 | 5.27% | −0.17% | 0.420% | 92.90 Mil | |
| T. Rowe Price Interm Tx-Fr Hi Yld
PRIHX
| 3.74% | 3.44% | 4.02 | 5.23% | −0.21% | 0.460% | 92.90 Mil | |
| SPDR® Nuveen Blmbg Hi Yld Muncpl Bd ETF
HYMB
| 4.51% | 4.18% | 7.31 | 7.64% | −1.76% | 0.350% | 2.71 Bil | |
| Russell Inv Tax-Exempt High Yield Bd S
RTHSX
| 4.26% | 4.22% | 6.85 | 7.16% | −0.85% | 0.610% | 1.98 Bil | |
| Russell Inv Tax-Exempt High Yield Bd M
RHYTX
| 4.33% | 4.28% | 6.85 | 7.24% | −0.81% | 0.540% | 1.98 Bil | |
| Russell Inv Tax-Exempt High Yield Bd A
RTHAX
| 3.83% | 3.94% | 6.85 | 6.87% | −1.14% | 0.890% | 1.98 Bil | |
| Putnam Tax-Free High Yield Y
PTFYX
| 4.05% | 4.00% | 9.31 | 8.78% | −0.32% | 0.770% | 690.03 Mil | |
| Putnam Tax-Free High Yield A
PTHAX
| 3.72% | 3.75% | 9.31 | 8.44% | −0.59% | 1.020% | 690.03 Mil | |
| Putnam Tax Free High Yield R6
PTFRX
| 4.08% | 4.03% | 9.31 | 8.81% | −0.30% | 0.750% | 690.03 Mil | |
| Putnam Managed Muni Income
PMM
| — | — | 3.12% | 9.96 | 9.97% | −1.95% | — | 322.62 Mil |
| Principal Opportunistic Municipal Instl
POMFX
| 4.38% | 4.51% | 6.91 | 7.51% | −1.78% | 0.560% | 149.83 Mil | |
| Principal Opportunistic Municipal A
PMOAX
| 4.10% | 4.23% | 6.91 | 7.21% | −2.06% | 0.840% | 149.83 Mil | |
| Pioneer Municipal High Income Opp Fund
MIO
| — | 3.78% | 4.25% | — | 6.90% | — | — | 215.96 Mil |