AB Tax-Aware Long Municipal ETF
$24.23+0.09 (+0.35%)
- 0.28%
- $58M
- +0.4%
- 4.29%
- 22.8K sh
- low $23.04high $25.55
The ETF.net TAFL Grade
Score 42 out of 100
- 5 of 5
Score 42 of 100 falls in the C 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.F23 out of 100Rank 5 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.B57 out of 100Rank 5 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 2 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 3 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 4 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D37 out of 100Rank 4 of 5
Our read on TAFL
In short
CMost muni ETFs hug an index. TAFL is the active take on the long end of the tax-exempt curve, run by AB's municipal desk for after-tax income, at 0.28% a year.
Stated mandate
The Fund seeks enhanced income and attractive risk-adjusted after-tax returns.
Why people hold it
Worth knowing
TAFL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Nov 5, 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 | TAFL |
|---|---|
| Year to date | +0.3% |
| 1 month | +4.2% |
| 3 months | −1.1% |
| 1 year | +0.4% |
| 3 years | |
| 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 | TAFL |
|---|---|---|
| 2026 YTD | +0.3% | |
| 2025 | +3.5% | |
| 2024 | +1.9% | |
| 2023 | +2.1% |
TAFL in the news
TAFL Dividends
- 4.29%
- $1.04
- $0.10 per share
- Monthly
TAFL Risk
- 5.9%
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.
- −0.43
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.
- −7.8%
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.
- 0.19
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.
TAFL Cost
Overpaying vs LMUB, tied cheapest in Long-Duration Municipal Bonds
$3,857
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
TAFL 0.28%
$5,755
LMUB 0.09% Tied cheapest
$1,898
Cost over time
Year by year
| Year | TAFL | LMUB | Overpaying |
|---|---|---|---|
| 10 | $509 | $165 | $344 |
| 20 | $1,976 | $646 | $1,330 |
| 30 | $5,755 | $1,898 | $3,857 |
Other funds in Long-Duration Municipal Bonds
- BVTELVanguard Long-Term Tax-Exempt Bond ETFExpense ratio 0.09%1 year return +0.3%
- BLMUBiShares Long-Term National Muni Bond ETFExpense ratio 0.09%1 year return +0.1%
- BMLNVanEck Long Muni ETFExpense ratio 0.24%1 year return +0.8%
- CTMNLT. Rowe Price Long Municipal Income ETFExpense ratio 0.26%1 year return
