MUB vs TMNL
YTDYear to date
TMNL wins+1.3 pts
Past year
Level
Fee
MUB winslower fee
Yield
TMNL wins+0.7 pts
AUM
MUB2233.6× more
2–1TMNL wins
MUB and TMNL · year-to-date · as of Nov 4, 2026 · AUM not scored
TMNL vs S&P 500
YTD$48.80 · −0.1% last sessionDividend-adjusted total return. S&P 500 uses VOO.CompareS&P 500+ Peer avg+ Add a fund
Return1D1M3MYTD ▼1Y3Y5YMAX
Total return−0.1%+3.4%−1.0%+1.0%———+1.4%
Peer average0.0%+2.9%−0.9%+0.3%+0.6%+14.6%+2.5%—
S&P 500 · VOO+0.3%−2.6%−1.7%+11.5%+11.9%+90.9%+77.5%+816.4%
T. Rowe Price TMNL and Vanguard VOO · total return, dividends in · as of Nov 4, 2026
TMNL’s Holdings
TodayHENRICO CNTY VHenrico Cnty Va Econ Dev Auth Henmfh 12/45 Adjustable Var3.1%NEW YORK CIT2.7%UNIV OF NORT2.4%KNOX CNTY TN2.1%NEW YORK CIT2.0%VIRGINIA SMA1.9%MARYLAND ST 1.8%NEW YORK ST 1.7%DENVER CITY 1.7%MARYLAND ST 1.6%NEW YORK ST 1.6%NORTH CAROLI1.6%MARYLAND ST 1.5%AQUARION WTR1.3%MARYLAND ST 1.3%GEO L SMITH 1.3%AUSTIN TX AR1.3%CALIFORNIA S1.2%SAVANNAH GA 1.2%MADISON CNTY1.2%PUERTO RICO 1.2%PUERTO RICO 1.1%
HENRICO CNTY VHenrico Cnty Va Econ Dev Auth Henmfh 12/45 Adjustable Var3.1%NEW YORK CIT2.7%UNIV OF NORT2.4%KNOX CNTY TN2.1%NEW YORK CIT2.0%VIRGINIA SMA1.9%MARYLAND ST 1.8%NEW YORK ST 1.7%DENVER CITY 1.7%MARYLAND ST 1.6%NEW YORK ST 1.6%NORTH CAROLI1.6%
T. Rowe Price TMNL · 0 holdings · tile size = share of the fund · as of Nov 4, 2026
All 166 Municipal ETFs
YTD| # | Trend | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | MUB | National Muni BondReadDesk | 0.05% | 3.3% | −0.4% | −0.4% | $54.5B | |
| 2 | VTEB | Tax-Exempt BondReadDesk | 0.03% | 3.5% | −0.3% | −0.3% | $49.6B | |
| 3 | SUB | Short-Term National Muni BondReadDesk | 0.07% | 2.6% | +1.4% | +1.4% | $13.3B | |
| 4 | JMUB | JPMorgan MunicipalReadDesk | 0.18% | 3.8% | 0.0% | 0.0% | $9.0B | |
| 5 | CGMU | Capital Group Municipal IncomeReadDesk | 0.27% | 3.4% | +0.5% | +0.5% | $7.5B | |
| 6 | CMF | California Muni BondReadDesk | 0.08% | 3.1% | −0.6% | −0.6% | $5.4B | |
| 7 | HYD | VanEck High Yield MuniReadDesk | 0.32% | 4.5% | −0.5% | −0.5% | $4.6B | |
| 8 | PZA | National AMT-Free Municipal BondReadDesk | 0.28% | 4.0% | −1.6% | −1.6% | $4.1B | |
| 9 | SCMB | Municipal BondReadDesk | 0.03% | 3.6% | −0.8% | −0.8% | $4.1B | |
| 10 | HYMB | State Street SPDR Nuveen ICE High Yield Municipal BondReadDesk | 0.35% | 4.8% | +0.3% | +0.3% | $3.8B | |
| 11 | CGHM | Capital Group Municipal High-IncomeReadDesk | 0.34% | 4.3% | +0.8% | +0.8% | $3.8B | |
| 12 | MUNI | PIMCO Intermediate Municipal Bond Active Exchange-TradedReadDesk | 0.35% | 3.3% | +0.4% | +0.4% | $3.7B | |
| 13 | VTEC | California Tax-Exempt BondReadDesk | 0.06% | 3.2% | −0.8% | −0.8% | $3.6B | |
| 14 | VTES | Short-Term Tax-Exempt BondReadDesk | 0.05% | 2.7% | +1.0% | +1.0% | $3.6B | |
| 15 | SHM | State Street SPDR Nuveen ICE Short Term Municipal BondReadDesk | 0.20% | 2.7% | +1.0% | +1.0% | $3.5B | |
| 16 | TFI | State Street SPDR Nuveen ICE Municipal BondReadDesk | 0.23% | 3.7% | −0.8% | −0.8% | $2.9B |
1–16 of 166Page 1 of 11
Municipal · current AUM · as of Nov 4, 2026
TMNL Payouts by Year
2YLatest payout, Oct 2026
$0.17
a share · every month
4.0% yield
4.0% yield
2 years added up
$1.95 a share
$1.95 a share
T. Rowe Price TMNL · per-share distributions by ex-date · 2025–2026
TMNL’s Peers
YTD| # | Trend | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | MUB | iShares National Muni Bond ETFReadVersus | 0.05% | 3.3% | 0.0% | −0.4% | +0.1% | $54.5B | |
| 2 | VTEB | Vanguard Tax-Exempt Bond ETFReadVersus | 0.03% | 3.5% | 0.0% | −0.3% | +0.1% | $49.6B | |
| 3 | SUB | iShares Short-Term National Muni Bond ETFReadVersus | 0.07% | 2.6% | +0.1% | +1.4% | +2.2% | $13.3B | |
| 4 | JMUB | JPMorgan Municipal ETFReadVersus | 0.18% | 3.8% | 0.0% | 0.0% | +0.3% | $9.0B | |
| 5 | CGMU | Capital Group Municipal Income ETFReadVersus | 0.27% | 3.4% | +0.1% | +0.5% | +1.1% | $7.5B | |
| 6 | TMNL | T. Rowe Price Long Municipal Income ETFThis fund | 0.26% | 4.0% | −0.1% | +1.0% | new | $24.4M |
#37 of 141 this year · #85 cheapest of 166 · sorted by assetsOpen the Bonds & Cash table →
TMNL and its peer group · total return · as of Nov 4, 2026
Cards for This View
TMNL’s Top 10 Holdings
Today20.9%of TMNL sits in these 10
1HENRICHenrico Cnty Va Econ Dev Auth Henmfh 12/45 Adjustable Var3.06%
2NEW YONew York City Ny Muni Wtr Fin Nycutl 06/55 Fixed 5.252.72%
3UNIV OUniv Of North Carolina Nc At C Unchgr 12/55 Fixed 52.39%
4KNOX CKnox Cnty Tn Hlth Eductnl Hs Knomed 07/59 Fixed 5.52.06%
5NEW YONew York City Ny Transitional Nycgen 05/51 Fixed 52.04%
6VIRGINVirginia Small Business Fing A Vasdev 12/56 Fixed 51.89%
7MARYLAMaryland St Econ Dev Priv Mdsdev 06/52 Fixed 5.251.80%
8NEW YONew York St Transprtn Dev Nyttrn 06/59 Fixed 61.67%
9DENVERDenver City Cnty Arpt Rev Denapt 12/37 Fixed 51.66%
10MARYLAMaryland St Hlth Hgr Eductnl Mdsmed 01/46 Fixed 5.51.65%
T. Rowe Price TMNL · weight in the fund · as of Nov 4, 2026
TMNL’s Holdings
TodayHENRICO CNTY VHenrico Cnty Va Econ Dev Auth Henmfh 12/45 Adjustable Var3.1%NEW YORK CIT2.7%UNIV OF NORT2.4%KNOX CNTY TN2.1%NEW YORK CIT2.0%VIRGINIA SMA1.9%MARYLAND ST 1.8%NEW YORK ST 1.7%DENVER CITY 1.7%MARYLAND ST 1.6%NEW YORK ST 1.6%NORTH CAROLI1.6%MARYLAND ST 1.5%AQUARION WTR1.3%MARYLAND ST 1.3%GEO L SMITH 1.3%AUSTIN TX AR1.3%CALIFORNIA S1.2%SAVANNAH GA 1.2%MADISON CNTY1.2%PUERTO RICO 1.2%PUERTO RICO 1.1%
HENRICO CNTY VHenrico Cnty Va Econ Dev Auth Henmfh 12/45 Adjustable Var3.1%NEW YORK CIT2.7%UNIV OF NORT2.4%KNOX CNTY TN2.1%NEW YORK CIT2.0%VIRGINIA SMA1.9%MARYLAND ST 1.8%NEW YORK ST 1.7%DENVER CITY 1.7%MARYLAND ST 1.6%NEW YORK ST 1.6%NORTH CAROLI1.6%
T. Rowe Price TMNL · 0 holdings · tile size = share of the fund · as of Nov 4, 2026
TMNL vs Peer Average
YTDTMNLAvsBPeer average
1D−0.1%0.0%
1M+3.4%+2.9%
3M−1.0%−0.9%
YTD+1.0%+0.3%
1Y[…]+0.6%
3Y[…]+14.6%
5Y[…]+2.5%
2–2level
165 Municipal peers · each row scaled to its leader