Alliance Bernstein - AB Tax-Aware Intermediate Municipal ETF
$24.11+0.16 (+0.67%)
- 0.28%
- $1.0B
- −2.3%
- 3.86%
- 0.4M sh
- $23.92
- low $23.72high $25.93
The ETF.net TAFM Grade
B
Score 69 out of 100
- 7 of 20
Score 69 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.B68 out of 100Rank 6 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 9 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 14 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 6 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 10 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 6 of 20
Our read on TAFM
BActive muni management in an ETF wrapper: AB steers roughly 600 intermediate-term municipal bonds toward after-tax income instead of hugging a benchmark, and charges a shade under the typical muni fund.
The actively managed ETF seeks enhanced income and attractive risk-adjusted after-tax returns. It invests in an intermediate-duration municipal bond portfolio.
Why people hold it
- Costs 0.28% a year, under the muni ETF median and cheaper than active benchmark-mates FTMU (0.30%) and FTCA (0.35%).
- Actively run rather than index-replicating: managers shop across roughly 600 municipal bonds aiming at enhanced income and after-tax risk-adjusted returns.alliancebernstein.com
- Income is paid monthly, not quarterly, which suits investors who want muni coupons on a regular cadence.
- Sits in the upper tier of a crowded municipal bond peer group, one of the stronger active implementations in the category.
Worth knowing
- Index rivals VTEB and SCMB charge 0.03%, so you are paying multiples of plain muni beta for the manager's judgment.
- Intermediate duration means the portfolio moves with interest rates, so this is a rate-sensitive way to hold munis.alliancebernstein.com
- Launched in December 2023 with a mid-size asset base, so the track record is short and it trades less heavily than the category's giants.
TAFM Holdings
- Bonds
- 768
- 15%
- Alliancebernstein Govt Stif Ssc Fund 64BA Agis 587
Geography
- United States100.00%
TAFM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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TAFM$9,772
Returns run to the Oct 12, 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 | TAFM |
|---|---|
| Year to date | −3.2% |
| 1 month | −2.3% |
| 3 months | −5.3% |
| 1 year | −2.3% |
| 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 | TAFM |
|---|---|---|
| 2026 YTD | −3.2% | |
| 2025 | +4.2% | |
| 2024 | +2.5% | |
| 2023 | +1.5% |
TAFM in the news
TAFM Dividends
- 3.86%
- $0.92
- $0.07 per share
- Monthly
Distribution history
TAFM Risk
- 4.6%
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.
- −0.68
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.
- −6.6%
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.
- 0.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TAFM Cost
0.28%
TAFM0.28%
- The middle half of Intermediate Municipal Bonds funds
- Median 0.35%
6 of the 19 Intermediate Municipal Bonds funds charge less.
Other funds in Intermediate Municipal Bonds
- ACAMAlliance Bernstein - AB California Intermediate Municipal ETFExpense ratio 0.27%1 year return −0.6%
- ATAXET. Rowe Price Intermediate Municipal Income ETFExpense ratio 0.24%1 year return −0.8%
- BMUNIPIMCO Intermediate Municipal Bond Active Exchange-Traded FundExpense ratio 0.35%1 year return −1.6%
- BNYMAB Active ETFs Inc. - AB New York Intermediate Municipal ETFExpense ratio 0.27%1 year return —
- BBKMIBNY Mellon Municipal Intermediate ETFExpense ratio 0.35%1 year return —