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TAFL vs FSMB

AB Tax-Aware Long Municipal ETF vs First Trust Short Duration Managed Municipal ETF

TAFL

AB Tax-Aware Long Municipal ETF

Annual cost

0.28%

Fund size

$58M

FSMB

First Trust Short Duration Managed Municipal ETF

Annual cost

0.34%

Fund size

$611M

Key differences

Both TAFL and FSMB are fixed income ETFs. TAFL charges 0.28% a year and FSMB 0.34%. The main difference: TAFL costs 0.06% less per year.

  • TAFL costs 0.06% less per year.
  • FSMB is much larger than TAFL. Larger funds are usually more liquid and less likely to close.
  • FSMB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

TAFLFSMB
Annual cost (TER)0.28%0.34%
Fund size (AUM)$58M$611M
Since20232018
Dividend yield4.12%3.15%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+8.1%+4.0%
CAGR 3YN/A+3.5%
CAGR 5YN/A+1.5%
Sharpe 3YN/A-0.03
Volatility 1Y4.27%1.40%
Max drawdown-6.01%-6.32%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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