TAFIAB Tax-Aware Short Duration Municipal ETF

Get income3y track recordRanked #273 of 1,622 in this goal

Seeks relative stability of principal and a moderate after-tax return and income.

By AllianceBernstein · Launched 2022

Annual Cost

0.27%

#1,319 of 5,562 · low cost

Fund Size

$1.3B

#987 of 5,562 · large

Dividend YieldGoal

3.17%

Track Record

3 years

#2,783 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,372+3.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 8.5% of fund✓ well diversified

Alliance Bernstein

3.0%

Triborough Bridge & Tunnel Authority

0.8%

Illinois Finance Authority

0.7%

County of Montgomery OH

0.7%

New Jersey Economic Development Authority

0.6%

Southeast Alabama Gas Supply District/The

0.6%

Hillsborough County Industrial Development Authority

0.6%

City of Quincy MA

0.6%

Arizona Health Facilities Authority

0.5%

New Jersey Turnpike Authority

0.5%

Asset allocation

Bonds

91.3%

Cash

8.7%

Preferred

0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.5%Low

Year-on-year price swings

Max drawdown

-2.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.01Below average

Sortino (3Y)

0.02Moderate downside risk

Bond profile

Duration

4.7 years

Avg maturity

10.3 years

Credit ratings

AAA

22.0%

33.6%

24.6%

BBB

10.4%

4.0%

0.2%

Below B

0.2%

Other

5.0%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks relative stability of principal and a moderate after-tax return and income.
Strategy: Invests primarily in a national portfolio of municipal and taxable fixed-income securities, focusing on those exempt from federal income tax. The Adviser selects securities based on credit quality, maturity, and expected after-tax returns, maintaining a dollar-weighted average duration of less than three years.
Inception date: September 13, 2022
Fund family: AllianceBernstein