TAFL

AB Tax-Aware Long Municipal ETF

$25.13

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The AB Tax-Aware Long Municipal ETF (TAFL) seeks to provide tax-exempt income and long-term capital appreciation by investing primarily in a diversified portfolio of municipal bonds.

Overview

ETF tracking AB Tax-Aware Long Municipal ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-12-13

Market Cap $32.7M

Average Volume N/A

Dividend Yield 3.36%

52-Week Range $23.84 - $25.79

VWAP $25.15

Performance

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Investment Summary

📎 Investment Objective

The AB Tax-Aware Long Municipal ETF (TAFL) seeks to provide tax-exempt income and long-term capital appreciation by investing primarily in a diversified portfolio of municipal bonds.

🎯 Investment Strategy

The fund aims to achieve its objective by investing in a broad range of municipal bonds, including general obligation and revenue bonds, with a focus on longer-dated maturities. The portfolio is actively managed to maintain a high level of tax efficiency.

✨ Key Features

Invests primarily in municipal bonds to generate tax-exempt income
Focuses on longer-dated maturities to potentially benefit from higher yields
Actively managed portfolio to optimize tax efficiency
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade by municipal bond issuers
Liquidity risk: Municipal bonds may have lower trading volumes, which can impact the fund's ability to sell positions
Tax risk: Changes in tax laws or regulations could affect the tax-exempt status of the fund's investments

👤 Best For

The AB Tax-Aware Long Municipal ETF may be suitable for investors seeking tax-exempt income and long-term capital appreciation, with a moderate to conservative risk tolerance. It may be particularly appealing to investors in high-tax states or those looking to diversify their fixed-income holdings.