About this ETF
This exchange-traded fund (ETF) is dynamically managed and focuses on investments in municipal bonds with extended maturities. Its core objective is to deliver both robust income and compelling after-tax returns, all while accounting for the associated risks.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -4.04% | -7.47% | -6.66% | -6.88% | -6.88% | — | — | — | -2.75% |
| Total return | -4.04% | -7.14% | -5.33% | -4.59% | -3.60% | — | — | — | +0.93% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.28% | Annual cost of a $10,000 investment | $28.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 159 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 05/54… | — | 2.93% | 1.83M | $1.7M |
| 2 | PUBLIC FIN AUTH WI TOLL REVENU PUBTRN 12/65… | — | 2.48% | 1.55M | $1.5M |
| 3 | CHICAGO IL WTRWKS REVENUE CHIWTR 11/61 FIXED… | — | 2.43% | 1.50M | $1.4M |
| 4 | BS3DP98 IRS USD R V 12MUSCPI IS3DPA9… | — | 2.38% | 1.40M | $1.4M |
| 5 | NEW YORK ST DORM AUTH ST PERSO NYSGEN 03/55… | — | 1.96% | 1.21M | $1.2M |
| 6 | SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/54… | — | 1.91% | 1.18M | $1.1M |
| 7 | SS3CXV3 IRS USD R F 4.40450 IS3CXV3 CCPOIS | — | 1.88% | 1.20M | $1.1M |
| 8 | CALIFORNIA ST MUNI FIN AUTH RE CASFIN 09/56… | — | 1.76% | 1.00M | $1.0M |
| 9 | MIAMI DADE CNTY FL AVIATION RE MIATRN 10/35… | — | 1.73% | 1.00M | $1.0M |
| 10 | AUSTIN TX SPL TAX REVENUE ASTGEN 11/61 FIXED 5.5 | — | 1.72% | 1.00M | $1.0M |
| 11 | CUYAHOGA CNTY OH CUY 12/61 FIXED 5.5 | — | 1.72% | 1.00M | $1.0M |
| 12 | CALIFORNIA CMNTY CHOICE FING A CCEDEV 01/54… | — | 1.71% | 1.00M | $1.0M |
| 13 | CHICAGO IL O HARE INTERNATIONA CHITRN 01/40… | — | 1.71% | 1.00M | $1.0M |
| 14 | KING CNTY WA PUBLIC HOSP DIST KINMED 12/45… | — | 1.71% | 1.05M | $1.0M |
| 15 | FORT WORTH TX SPL TAX REVENUE FTWGEN 03/56… | — | 1.71% | 1.00M | $1.0M |
| 16 | PENNSYLVANIA ST UNIV PSUHGR 09/53 FIXED 5.25 | — | 1.70% | 1.00M | $1.0M |
| 17 | MASSACHUSETTS ST SCH BLDG AUTH MASEDU 02/50… | — | 1.70% | 1.00M | $999.2K |
| 18 | TACOMA WA ELEC SYS REVENUE TACPWR 01/50 FIXED… | — | 1.69% | 1.00M | $993.7K |
| 19 | DALLAS FORT WORTH TX INTERNATI DALAPT 11/50… | — | 1.68% | 1.00M | $986.8K |
| 20 | MASSACHUSETTS ST DEV FIN AGY R MASDEV 12/56… | — | 1.67% | 1.00M | $985.4K |
| 21 | SALT VERDE AZ FINANCIAL CORP S SLTPWR 12/37… | — | 1.67% | 1.00M | $984.7K |
| 22 | HOUSTON TX HOTEL OCCUPANCY TAX HOUFAC 09/58… | — | 1.66% | 1.00M | $976.0K |
| 23 | MET WASHINGTON DC ARPTS AUTH A METAPT 10/55… | — | 1.65% | 1.00M | $971.8K |
| 24 | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/48… | — | 1.65% | 1.00M | $971.0K |
| 25 | MIAMI DADE CNTY FL SEAPORT REV MDCTRN 10/56… | — | 1.63% | 1.00M | $962.3K |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 4.42% | Paid (last 12 months) | $1.0297 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 01, 2026 | Last payment | $0.0896 (Oct 06, 2026) |
| Growth 1Y | +0.83% | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 01, 2026 | Oct 01, 2026 | Oct 06, 2026 | $0.0896 |
| Sep 01, 2026 | Sep 01, 2026 | Sep 04, 2026 | $0.0777 |
| Aug 03, 2026 | Aug 03, 2026 | Aug 06, 2026 | $0.0865 |
| Jul 01, 2026 | Jul 01, 2026 | Jul 07, 2026 | $0.0854 |
| Jun 01, 2026 | Jun 01, 2026 | Jun 04, 2026 | $0.0782 |
| May 01, 2026 | May 01, 2026 | May 06, 2026 | $0.0884 |
| Apr 01, 2026 | Apr 01, 2026 | Apr 07, 2026 | $0.0866 |
| Mar 02, 2026 | Mar 02, 2026 | Mar 05, 2026 | $0.0856 |
| Feb 02, 2026 | Feb 02, 2026 | Feb 05, 2026 | $0.0837 |
| Dec 31, 2025 | Dec 31, 2025 | Jan 05, 2026 | $0.1039 |
| Dec 01, 2025 | Dec 01, 2025 | Dec 04, 2025 | $0.0797 |
| Nov 03, 2025 | Nov 03, 2025 | Nov 06, 2025 | $0.0844 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 4.51% / 5.26% | Sharpe 1Y / 3Y | -1.76 / -0.566 |
| Max drawdown 1Y / 3Y | -8.34% / -8.34% | Sortino 1Y | -2.16 |
| Beta vs S&P 500 (3Y) | 0.059 | Correlation vs S&P 500 (1Y) | 0.309 |
| Downside deviation 1Y | 3.68% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 5.30K | Average volume | 18.57K |
| AUM | $58.9M | Premium/Discount | +0.28% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $70.0K | +0.12% | $58.8M → $58.9M |
| 1 Month | -$5.6M | -8.45% | $66.7M → $58.9M |
| 1 Week | -$2.0M | -3.27% | $60.8M → $58.9M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for TAFL
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.
TAFL