TAFIAB Tax-Aware Short Duration Municipal ETF
Seeks relative stability of principal and a moderate rate of after-tax return and income.
By AllianceBernstein · Launched 2022
Annual Cost
0.27%
#1,231 of 5,861 · low cost
Fund Size
$1.4B
#967 of 5,861 · large
Dividend YieldGoal
3.14%
Track Record
3 years
#2,716 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,272+2.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 8.9% of fund✓ well diversified
Colorado State Education Loan Program
1.7%
Alliance Bernstein
1.6%
Triborough Bridge & Tunnel Authority
1.0%
Southeast Energy Authority A Cooperative District
0.9%
City of Quincy MA
0.7%
United States Treasury
0.6%
Illinois Finance Authority
0.6%
Colorado State Education Loan Program
0.6%
New Jersey Economic Development Authority
0.6%
Southeast Alabama Gas Supply District/The
0.6%
Asset allocation
Bonds
91.5%
Cash
8.4%
Preferred
0.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.4%Low
Year-on-year price swings
Max drawdown
-2.0%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.20Below average
Sortino (3Y)
-0.26Moderate downside risk
Bond profile
Duration
4.6 years
Avg maturity
10.3 years
Credit ratings
AAA
23.6%
AA
32.0%
A
24.3%
BBB
10.0%
BB
4.2%
B
0.3%
Below B
0.2%
Other
5.5%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks relative stability of principal and a moderate rate of after-tax return and income.
- Strategy
- Actively manages a national portfolio of municipal and taxable fixed-income securities, investing primarily in municipal securities exempt from federal income tax. Maintains a dollar-weighted average duration of less than three years and may use derivatives for efficient exposure.
- Inception date
- September 13, 2022
- Fund family
- AllianceBernstein
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Data updated on 2026-08-04