Municipal Bond ETFs: Current State

Municipal Bond ETFs: Current State

  • $44.1 Billion: Amount invested in municipal bond Exchange Traded Funds (ETFs) (Excluding two CEF ETFs)
  • 45: Total number of municipal bond ETFs. 28 funds are passively managed to an index and 17 funds are actively managed
  • 40%: Passively managed Municipal ETFs have fees that are more than 40% those of actively managed municipal bond ETFs
    • 21.4 bps: Average passive management fee by number of funds
    • 16 bps: Average passive management fee by Assets Under Management (AUM)
    • 33.25 bps: Average active management fee by number of funds
    • 39.5 bps: Average active management fee by AUM
  • $6.748 Billion: Amount invested in short term municipal bond ETFs (Approx. 15% of the assets in municipal ETFs)
  • $4.135 Billion: Amount investing in high yield municipal bond ETFs (Approx. 10% of the assets in municipal ETFs)

Municipal Bond ETFs Assets Under Management

RiegerReport_092319_1

Sources: ETF sponsor websites. Chart is provided for illustrative purposes only. Past performance is not a guarantee of future results. Data as 9/20/2019.

Municipal Bond ETFs Assets Under Management

RiegerReport_092319_2

Sources: ETF sponsor websites. Chart is provided for illustrative purposes only. Past performance is not a guarantee of future results. Data as of 9/20/2019.

Municipal Bond ETFs Assets Under Management

RiegerReport_092319_3

Sources: ETF sponsor websites. Chart is provided for illustrative purposes only. Past performance is not a guarantee of future results. Data as of 9/20/2019.

Municipal Bond ETFs Management Fees in Bps (Weighted by AUM)

RiegerReport_092319_4

Sources: ETF sponsor websites. Chart is provided for illustrative purposes only. Past performance is not a guarantee of future results. Data as of 9/20/2019.

Data Resources Used in this Report

  • The data used in this report came from the ETF sponsor websites.
  • Not all the ETF sponsor websites report the same information and may do so at different time frames.
  • ETF “Sector” classifications can be subjective. The sector designation is my opinion based on the stated objective of the ETF.
  • I do my best to make this an accurate report. In the event of data errors or omissions please contact JR@RiegerReport.com.

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