---
ticker: "NMB"
name: "Simplify National Muni Bond ETF"
url: "https://etf.net/etf/NMB"
grade: "D"
score: 31
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "60 of 63"
methodology: "https://etf.net/methodology"
---

# NMB: Simplify National Muni Bond ETF

Grade **D**, Score 31 of 100. Rank 60 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 11 | 56 of 63 |
| Mission | 61 | 52 of 59 |
| Risk | 37 | 58 of 63 |
| Tradability | 19 | 57 of 63 |
| Holdings | 30 | 58 of 63 |
| Durability | 23 | 55 of 63 |

## Top holdings

The fund holds 38 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash | 8.74% |
| 2 | — | Hillsborough Cnty Fla I 5.5 15NOV54 | 4.41% |
| 3 | — | Atlanta Ga Arpt Rev 5.25 01JUL56 | 4.38% |
| 4 | — | Maryland St Transn Auth 5.0 01JUL53 | 4.25% |
| 5 | — | Jacksonville Fla Aviat 5.25 01OCT55 | 4.16% |
| 6 | — | Aldine Tex Indpt Sch 4.375 15FEB51 | 3.83% |
| 7 | — | Austin Tex Spl Tax Rev 5.25 15NOV56 | 3.30% |
| 8 | — | Lee Cnty Fla Arpt Rev 5.5 01OCT51 | 3.23% |
| 9 | — | Miami-Dade Cnty Fla Sea 5.5 01OCT56 | 3.22% |
| 10 | — | Jea Fla Elec Sys Rev 5.25 01OCT56 | 3.21% |
| 11 | — | New Jersey St Transn T 5.0 15JUN50 | 3.17% |
| 12 | — | Austin Tex Arpt Sys Re 5.25 15NOV51 | 3.15% |
| 13 | — | Alabama Toll Rd Brdg & 5.0 01JAN66 | 3.09% |
| 14 | — | Omaha Neb Arpt Auth Ar 5.25 15DEC54 | 3.08% |
| 15 | — | Pennsylvania Economic D 4.5 15DEC51 | 2.82% |
| 16 | — | Aldine Tex Indpt Sch Di 4.0 15FEB54 | 2.71% |
| 17 | — | New York St Twy Auth 4.125 15MAR56 | 2.67% |
| 18 | — | New York St Dorm Auth’s 4.0 15MAR54 | 2.65% |
| 19 | — | Metropolitan Nashville 5.0 01JUL51 | 2.64% |
| 20 | — | Alabama Toll Rd Brdg & 5.5 01JAN61 | 2.21% |
| 21 | — | Michigan St Bldg Auth 5.25 15APR60 | 2.16% |
| 22 | — | Metropolitan Nashville 5.5 01JUL56 | 2.14% |
| 23 | — | San Francisco Calif Ci 5.25 01MAY55 | 2.10% |
| 24 | — | Jea Fla Wtr & Swr Sys R 5.0 01OCT56 | 2.09% |
| 25 | — | Missouri St Hsg Dev Co 4.95 01NOV50 | 2.05% |
| 26 | — | Missouri St Health & Ed 5.0 15JUL56 | 2.04% |
| 27 | — | Chicago Ill O Hare Intl 5.0 01JAN56 | 2.00% |
| 28 | — | Savannah Ga Wtr & Sew R 4.5 01DEC56 | 1.91% |
| 29 | — | Hays Tex Cons Indpt Sch 4.5 15AUG56 | 1.91% |
| 30 | — | Washington D C Met Ar 4.375 15JUL59 | 1.84% |

Source: etf.net, https://etf.net/etf/NMB. Please cite the page URL.