AB Tax-Aware Short Duration Municipal ETF
$24.96−0.06 (−0.26%)
- 0.27%
- $1.54B
- +2.3%
- 3.12%
- 647K sh
- low $24.47high $25.65
The ETF.net TAFI Grade
B
Score 61 out of 100
- 14 of 28
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F24 out of 100Rank 21 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 14 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A84 out of 100Rank 1 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B55 out of 100Rank 15 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 9 of 28
Our read on TAFI
In short
BMost muni funds own munis and nothing else. TAFI is an actively run short-duration muni portfolio with an escape hatch: up to 20% can sit in taxable bonds when those pay more on an after-tax basis.
Stated mandate
The Fund seeks relative stability of principal together with a moderate after-tax return and income.
Why people hold it
Worth knowing
TAFI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
TAFI$10,230
Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TAFI |
|---|---|
| Year to date | +1.8% |
| 1 month | +1.9% |
| 3 months | +0.6% |
| 1 year | +2.3% |
| 3 years | +3.8% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TAFI |
|---|---|---|
| 2026 YTD | +1.8% | |
| 2025 | +4.4% | |
| 2024 | +2.5% | |
| 2023 | +4.1% | |
| 2022 | +0.5% |
TAFI in the news
TAFI Dividends
- 3.12%
- $0.78
- $0.06 per share
- Monthly
TAFI Risk
- 2.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.22
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −2.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.35
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
TAFI Cost
Overpaying vs VTES, tied cheapest in Short-Duration Municipal Bonds
$4,497
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
TAFI 0.27%
$5,557
VTES 0.05% Tied cheapest
$1,060
Cost over time
Year by year
| Year | TAFI | VTES | Overpaying |
|---|---|---|---|
| 10 | $491 | $92 | $399 |
| 20 | $1,907 | $360 | $1,547 |
| 30 | $5,557 | $1,060 | $4,497 |
Other funds in Short-Duration Municipal Bonds
- BCGSMCapital Group Short Duration Municipal Income ETFExpense ratio 0.25%1 year return +2.6%
- BFTMSFranklin Short-Term Municipal Income ETFExpense ratio 0.21%1 year return +2.6%
- BAUSMAllspring Ultra Short Municipal ETFExpense ratio 0.19%1 year return +2.5%
- BSMMUPIMCO Short Term Municipal Bond Active Exchange-Traded FundExpense ratio 0.35%1 year return +3.0%
- BAMUNabrdn Ultra Short Municipal Income Active ETFExpense ratio 0.25%1 year return +2.7%
