AB Tax-Aware Long Municipal ETF
Name
As of 12/10/2024Price
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
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 12/10/2024Price
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
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
- Dividend Yield 3.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAB Tax-Aware Long Municipal ETF
-
Fund Family NameALLIANCEBE
-
Inception DateDec 13, 2023
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
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).
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
- PENNSYLVANIA ST UNIV 3.77%
- SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE 3.77%
- MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE 3.75%
- GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE 3.70%
- NEW YORK ST URBAN DEV CORP SALES TAX REVENUE 3.70%
- SALT RIVER AZ PROJ AGRIC IMPT PWR DIST ELEC SYS REVENUE 3.69%
- SHERMAN TX INDEP SCH DIST 3.66%
- TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND 3.66%
- PITTSBURGH PA WTR SWR AUTH 3.59%
- 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
Date | Amount | Type |
---|---|---|
Dec 02, 2024 | $0.082 | OrdinaryDividend |
Nov 01, 2024 | $0.087 | OrdinaryDividend |
Oct 01, 2024 | $0.084 | OrdinaryDividend |
Sep 03, 2024 | $0.081 | OrdinaryDividend |
Aug 01, 2024 | $0.081 | OrdinaryDividend |
Jul 01, 2024 | $0.082 | OrdinaryDividend |
Jun 03, 2024 | $0.078 | OrdinaryDividend |
May 01, 2024 | $0.076 | OrdinaryDividend |
Apr 01, 2024 | $0.082 | OrdinaryDividend |
Mar 01, 2024 | $0.072 | OrdinaryDividend |
Feb 01, 2024 | $0.077 | OrdinaryDividend |
Dec 28, 2023 | $0.048 | OrdinaryDividend |