About this ETF
This actively managed exchange-traded fund (ETF) specializes in intermediate-duration municipal bonds. Its primary aim is to generate an optimized income stream and deliver appealing post-tax returns, carefully calibrated for the level of risk involved.
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 | -3.00% | -6.15% | -5.89% | -5.74% | -5.59% | — | — | — | -1.70% |
| Total return | -3.00% | -5.85% | -4.73% | -3.74% | -2.68% | — | — | — | +1.54% |
* 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. 769 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS… | — | 3.33% | 34.22M | $34.2M |
| 2 | US DOLLAR | — | 3.22% | 33.05M | $33.1M |
| 3 | SS3GAJ2 IRS USD R F 4.74600 IS3GAJ2 CCPOIS | — | 2.03% | 20.90M | $20.9M |
| 4 | BS39GZ9 IRS USD R V 12MUSCPI IS39H01… | — | 1.71% | 17.60M | $17.6M |
| 5 | SS34364 IRS USD R F 3.65950 IS34364 CCPOIS | — | 1.21% | 13.10M | $12.4M |
| 6 | BS3DP98 IRS USD R V 12MUSCPI IS3DPA9… | — | 1.16% | 11.90M | $11.9M |
| 7 | PUBLIC FIN AUTH WI TOLL REVENU PUBTRN 06/60… | — | 0.85% | 8.51M | $8.7M |
| 8 | ALABAMA ST TOLL ROAD BRIDGE ATRTRN 10/32 FIXED 5 | — | 0.72% | 7.27M | $7.4M |
| 9 | ALABAMA ST TOLL ROAD BRIDGE ATRTRN 01/56 FIXED 6 | — | 0.72% | 7.20M | $7.4M |
| 10 | SS3CWX8 IRS USD R F 4.02800 IS3CWX8 CCPOIS | — | 0.65% | 7.00M | $6.7M |
| 11 | HARRIS CNTY TX CULTURAL EDU FA HAREDU 12/33… | — | 0.65% | 6.39M | $6.7M |
| 12 | LOS ANGELES CA DEPT ARPTS ARPT LOSAPT 05/33… | — | 0.59% | 5.82M | $6.1M |
| 13 | UTAH ST TRANSIT AUTH SALES TAX UTSTRN 12/31… | — | 0.59% | 5.74M | $6.1M |
| 14 | NEW YORK NY NYC 12/41 FIXED 5 | — | 0.57% | 5.95M | $5.8M |
| 15 | WISCONSIN ST WIS 05/36 FIXED 5 | — | 0.56% | 5.46M | $5.8M |
| 16 | CALIFORNIA ST CAS 08/39 FIXED 5 | — | 0.55% | 5.38M | $5.6M |
| 17 | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/54… | — | 0.54% | 6.00M | $5.6M |
| 18 | CHICAGO IL O HARE INTERNATIONA CHITRN 07/48… | — | 0.52% | 5.95M | $5.3M |
| 19 | SS3DRD6 IRS USD R F 3.92900 IS3DRD6 CCPOIS | — | 0.51% | 5.50M | $5.2M |
| 20 | MICHIGAN ST HOSP FIN AUTH MISMED 11/32 FIXED 5 | — | 0.51% | 5.00M | $5.2M |
| 21 | TEXAS ST TRANSPRTN COMMISSION TXSTRN 08/36… | — | 0.50% | 5.00M | $5.2M |
| 22 | NEW JERSEY ST TRANSPRTN TRUST NJSTRN 06/42… | — | 0.50% | 5.25M | $5.2M |
| 23 | PEFA INC IA GAS PROJ REVENUE PEFUTL 04/35 FIXED… | — | 0.49% | 5.09M | $5.1M |
| 24 | LOWER COLORADO RIVER TX AUTH T LWCGEN 05/48… | — | 0.49% | 5.00M | $5.1M |
| 25 | ENERGY S E AL A COOPERATIVE DI ESDPWR 11/33… | — | 0.49% | 5.00M | $5.0M |
Click a ticker to see every ETF that owns it.
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) | 3.86% | Paid (last 12 months) | $0.9243 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 01, 2026 | Last payment | $0.0748 (Oct 06, 2026) |
| Growth 1Y | +7.76% | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 01, 2026 | Oct 01, 2026 | Oct 06, 2026 | $0.0748 |
| Sep 01, 2026 | Sep 01, 2026 | Sep 04, 2026 | $0.0714 |
| Aug 03, 2026 | Aug 03, 2026 | Aug 06, 2026 | $0.0778 |
| Jul 01, 2026 | Jul 01, 2026 | Jul 07, 2026 | $0.0752 |
| Jun 01, 2026 | Jun 01, 2026 | Jun 04, 2026 | $0.0744 |
| May 01, 2026 | May 01, 2026 | May 06, 2026 | $0.0788 |
| Apr 01, 2026 | Apr 01, 2026 | Apr 07, 2026 | $0.0760 |
| Mar 02, 2026 | Mar 02, 2026 | Mar 05, 2026 | $0.0755 |
| Feb 02, 2026 | Feb 02, 2026 | Feb 05, 2026 | $0.0774 |
| Dec 31, 2025 | Dec 31, 2025 | Jan 05, 2026 | $0.0890 |
| Dec 01, 2025 | Dec 01, 2025 | Dec 04, 2025 | $0.0768 |
| Nov 03, 2025 | Nov 03, 2025 | Nov 06, 2025 | $0.0772 |
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 | 3.48% / 4.90% | Sharpe 1Y / 3Y | -1.97 / -0.485 |
| Max drawdown 1Y / 3Y | -6.85% / -6.85% | Sortino 1Y | -2.47 |
| Beta vs S&P 500 (3Y) | 0.02 | Correlation vs S&P 500 (1Y) | 0.251 |
| Downside deviation 1Y | 2.77% | 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 | 707.14K | Average volume | 380.19K |
| AUM | $1.03B | Premium/Discount | +0.76% |
| 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 | $180.9M | +21.36% | $846.5M → $1.03B |
| 1 Month | $270.7M | +34.83% | $777.0M → $1.03B |
| 1 Week | $215.2M | +26.43% | $814.5M → $1.03B |
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 TAFM
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.
TAFM