How many muni national long ETFs are there?

MetaCap tracks 13 US-listed muni national long ETFs with about $13.4B in combined assets.

What is the largest muni national long ETF?

Invesco National AMT-Free Municipal Bond ETFo (PZA) is the largest, with about $4.0B in assets under management.

Which Muni National Long ETF has the lowest expense ratio?

Among the funds shown, iShares Long-Term National Muni Bond ETF (LMUB) has the lowest expense ratio at 0.09% per year, or $9 a year on a $10,000 investment.

What does AUM mean for an ETF?

Assets under management (AUM) is the total market value of everything the fund holds. Larger ETFs tend to have tighter bid-ask spreads and more trading volume, but size alone does not make a fund a better investment.

Muni National Long ETFs

13 muni national long ETFs ranked by assets under management. Updated October 10, 2026.

Total assets

$13.4B

MetaCap lists 13 US-listed ETFs in the Muni National Long category, holding a combined $13.4B in assets. The largest by assets are PZA ($4.0B), TFI ($2.8B) and VCRM ($2.2B). Expense ratios range from 0.09% to 4.59% (median 0.28%); LMUB is the lowest-cost fund shown at 0.09% a year. On the latest trading day, 12 of 13 funds were higher, with an average move of +0.49%.

Summary generated from market data by MetaCap's automated system. Methodology

Largest muni national long ETFs by assets

Muni National Long ETFs by assets under management
#	Symbol	Fund Name	Price	% Change	AUM	Expense Ratio
1	PZA	Invesco National AMT-Free Municipal Bond ETFo	21.31	+0.24%	$4.02B	0.28%
2	TFI	State Street SPDR Nuveen ICE Municipal Bond ETF	42.77	+0.52%	$2.82B	0.23%
3	VCRM	Vanguard Core Tax-Exempt Bond ETF	71.59	+0.48%	$2.19B	0.12%
4	LMUB	iShares Long-Term National Muni Bond ETF	46.39	+0.54%	$1.50B	0.09%
5	BAB	Invesco Taxable Municipal Bond ETF	25.38	-0.12%	$834.56M	0.28%
6	MLN	VanEck Long Muni ETF	16.23	+0.43%	$638.67M	0.24%
7	MMIN	NYLIM MacKay Muni Insured ETF	22.36	+0.40%	$464.56M	0.30%
8	FTMU	Franklin Municipal Income ETF	7.30	+0.55%	$442.38M	0.30%
9	VTEL	Vanguard Long-Term Tax-Exempt Bond ETF	95.80	+0.44%	$407.49M	0.09%
10	FLMB	Franklin Municipal Green Bond ETF	21.88	+0.70%	$53.74M	0.30%
11	TMNL	T. Rowe Price Long Municipal Income ETF	47.19	+0.20%	$21.15M	0.26%
12	MFLX	First Trust Flexible Municipal High Income ETF	15.88	+0.83%	$19.94M	0.49%
13	RTAI	Rareview Tax Advantaged Income ETF	18.74	+1.17%	$15.94M	4.59%

Frequently asked questions

How many muni national long ETFs are there?: MetaCap tracks 13 US-listed muni national long ETFs with about $13.4B in combined assets.
What is the largest muni national long ETF?: Invesco National AMT-Free Municipal Bond ETFo (PZA) is the largest, with about $4.0B in assets under management.
Which Muni National Long ETF has the lowest expense ratio?: Among the funds shown, iShares Long-Term National Muni Bond ETF (LMUB) has the lowest expense ratio at 0.09% per year, or $9 a year on a $10,000 investment.
What does AUM mean for an ETF?: Assets under management (AUM) is the total market value of everything the fund holds. Larger ETFs tend to have tighter bid-ask spreads and more trading volume, but size alone does not make a fund a better investment.

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Prices as of Oct 10, 2:20 PM EDT. Market data is delayed at least 15 minutes and provided for informational purposes only. Not investment advice. Full disclaimer