If you're evaluating mutual funds for your investment portfolio or retirement account, this list highlights the best municipal bond funds to consider now, based on each fund outperforming the Bloomberg Municipal Bond Index over the last one-, three-, five- and 10-year periods.
Among 451 mutual funds investing in municipal bonds and at least 10 years old, only three of them, or 1%, won IBD Best Mutual Funds Awards for 2023. These best bond funds are shown below in order of their 10-year performance.
For more details, read the overview article on our 2023 mutual funds study, or see the list of all IBD Best Mutual Funds in every category, including taxable bond funds, international funds, diversified stock funds, growth and value funds, sector funds, and breakouts of large-cap, midcap and small-cap funds.
All returns are as of Dec. 31, 2022.
Best Municipal Bond Funds
| Mutual Fund | Symbol | 1-year total return | 3-year average total return | 5-year average total return | 10-year average total return | Morningstar category | Closed to new investors |
|---|---|---|---|---|---|---|---|
| Benchmark: Bloomberg Municipal Bond | -8.53% | -0.77% | 1.25% | 2.13% | |||
| Colorado BondShares A Tax-Exempt | HICOX | -4.53 | 1.72 | 3.23 | 3.73 | Muni Single State Interm | No |
| Allspring Managed Acct CoreBuilder M | WFCMX | -8.37 | -0.64 | 1.76 | 3.06 | Muni National Interm | No |
| SMA Relationship M | SRTMX | -6.76 | -0.23 | 1.53 | 2.35 | Muni National Interm | No |
Sources: IBD, Morningstar Direct
The 2023 Best Mutual Funds logo and accolades are available for licensing through Investor's Business Daily's partner, The YGS Group. For more information and ordering, please visit www.IBDlicensing.com or call 800-290-5460.
Go Inside The No. 1 Stock Fund On Our Best Mutual Funds List
Read More About The Findings Of Our 2023 Mutual Funds Study
See The List Of 2023 Best Mutual Funds In Every Category
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