TAFM

AB Tax-Aware Intermediate Municipal ETF

$25.44

+0.00%

Market closed. Last update: 11:43 PM ET

📎 Investment Objective

The AB Tax-Aware Intermediate Municipal ETF seeks to provide current income that is exempt from federal income tax, while preserving capital.

Overview

ETF tracking AB Tax-Aware Intermediate Municipal ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-12-13

Market Cap $346.0M

Average Volume N/A

Dividend Yield 2.86%

52-Week Range $24.32 - $25.79

VWAP $25.50

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The AB Tax-Aware Intermediate Municipal ETF seeks to provide current income that is exempt from federal income tax, while preserving capital.

🎯 Investment Strategy

The fund invests primarily in intermediate-term municipal bonds, focusing on securities that provide income exempt from federal income tax. The portfolio is actively managed, with the goal of generating tax-efficient returns.

✨ Key Features

Invests in a diversified portfolio of municipal bonds with intermediate-term maturities
Actively managed approach aims to optimize the tradeoff between yield and tax efficiency
Expense ratio of 0.00% makes this a low-cost option for tax-exempt municipal bond exposure
Relatively short duration profile helps mitigate interest rate risk

⚠️ Primary Risks

Interest rate risk: The fund's bond holdings are subject to fluctuations in value as interest rates change
Credit risk: There is a risk of default or downgrade on the municipal bonds held in the portfolio
Liquidity risk: Municipal bonds may have less trading volume, making them harder to buy and sell
Tax risk: Changes in tax laws could affect the tax-exempt status of the fund's income

👤 Best For

This ETF may be suitable for investors seeking tax-efficient income and moderate capital appreciation, with a medium-term investment horizon. It can provide a core fixed income allocation for investors in higher tax brackets.