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Trending ETFs

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$25.74

$27.9 M

3.84%

$0.99

0.28%

Vitals

YTD Return

3.9%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$27.9 M

Holdings in Top 10

36.9%

52 WEEK LOW AND HIGH

$25.7
$24.92
$25.87

Expenses

OPERATING FEES

Expense Ratio 0.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$25.74

$27.9 M

3.84%

$0.99

0.28%

TAFL - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB Tax-Aware Long Municipal ETF
  • Fund Family Name
    ALLIANCEBE
  • Inception Date
    Dec 13, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund is an actively-managed exchange-traded fund (“ETF”). The Fund pursues its objective by investing principally in a national portfolio of both municipal and taxable fixed-income securities. The Fund invests, under normal circumstances, at least 80% of its net assets, including any borrowings for investment purposes, in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax for certain taxpayers. The Fund may invest in fixed-income securities rated below investment grade (commonly known as “junk bonds”), although such securities are not expected to be the Fund’s primary focus. The Fund may invest in securities issued or guaranteed by Puerto Rico or its agencies or instrumentalities.
The Adviser selects securities for the Fund based on a variety of factors, including credit quality, maturity, diversification benefits, and the relative expected after‑tax returns of taxable and municipal securities (considering federal tax rates and without regard to state and local income taxes). The Adviser also considers the tax implications of the Fund’s trading activity, such as realizing taxable gains, in making investment decisions for the Fund. The Fund seeks to maintain an effective duration of seven to fourteen years under normal market conditions, although it may invest in fixed-income securities of any duration or maturity.
The Fund may also invest in forward commitments and variable and floating-rate municipal securities.
The Fund may use derivatives, primarily swaps, but also options, futures contracts and forwards, to achieve its investment strategies. For example, the Fund may enter into interest rate swaps relating to municipal and taxable fixed-income securities or credit default swaps relating to securities indices. Derivatives may provide more efficient and economical exposure to fixed-income securities markets than direct investments. The Fund may use derivatives to hedge against specific risks, to increase income or gain, or to increase market exposure in excess of the Fund’s net assets.
The Fund may invest more than 25% of its total assets in securities or obligations that are related in such a way that business or political developments or changes affecting one such security could also affect the others (for example, securities with interest that is paid from projects of a similar type).
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TAFL - Performance

Return Ranking - Trailing

Period TAFL Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period TAFL Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period TAFL Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period TAFL Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

TAFL - Holdings

Concentration Analysis

TAFL Category Low Category High TAFL % Rank
Net Assets 27.9 M N/A N/A N/A
Number of Holdings 80 N/A N/A N/A
Net Assets in Top 10 10.8 M N/A N/A N/A
Weighting of Top 10 36.86% N/A N/A N/A

Top 10 Holdings

  1. PENNSYLVANIA ST UNIV 3.77%
  2. SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE 3.77%
  3. MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE 3.75%
  4. GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE 3.70%
  5. NEW YORK ST URBAN DEV CORP SALES TAX REVENUE 3.70%
  6. SALT RIVER AZ PROJ AGRIC IMPT PWR DIST ELEC SYS REVENUE 3.69%
  7. SHERMAN TX INDEP SCH DIST 3.66%
  8. TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND 3.66%
  9. PITTSBURGH PA WTR SWR AUTH 3.59%
  10. SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE 3.57%

Asset Allocation

Weighting Return Low Return High TAFL % Rank
Bonds
96.07% N/A N/A N/A
Cash
3.28% N/A N/A N/A
Other
0.65% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High TAFL % Rank
Cash & Equivalents
2.15% N/A N/A N/A
Derivative
0.65% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High TAFL % Rank
US
96.07% N/A N/A N/A
Non US
0.00% N/A N/A N/A

TAFL - Expenses

Operational Fees

TAFL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.28% N/A N/A N/A
Management Fee 0.28% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

TAFL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

TAFL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TAFL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

TAFL - Distributions

Dividend Yield Analysis

TAFL Category Low Category High TAFL % Rank
Dividend Yield 3.84% N/A N/A N/A

Dividend Distribution Analysis

TAFL Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

TAFL Category Low Category High TAFL % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

TAFL Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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TAFL - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A