TAFLAB Tax-Aware Long Municipal ETF
Seeks enhanced income and attractive risk-adjusted after-tax returns.
By AllianceBernstein · Launched 2023
Annual Cost
0.28%
#1,282 of 6,040 · low cost
Fund Size
$68M
#3,438 of 6,040 · mid-size
Return (1Y)
+0.1%
Track Record
2 years
#3,266 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,004+0.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 24.4% of funddiversified
Public Finance Authority
3.3%
Alliance Bernstein
3.0%
New York State Dormitory Authority
2.5%
County of Miami-Dade FL Aviation Revenue
2.3%
King County Public Hospital District No 2
2.3%
City & County of Denver CO Airport System Revenue
2.2%
San Francisco City & County Airport Comm-San Francisco International Airport
2.2%
Massachusetts School Building Authority
2.2%
City of Tacoma WA Electric System Revenue
2.2%
Metropolitan Washington Airports Authority Aviation Revenue
2.2%
Asset allocation
Bonds
98.3%
Cash
1.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.9%Low
Year-on-year price swings
Max drawdown
-6.0%Mild
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Bond profile
Duration
4.8 years
Avg maturity
10.1 years
Credit ratings
US Government
0.0%
AAA
12.6%
AA
44.3%
A
25.1%
BBB
10.0%
BB
3.3%
B
1.0%
Other
3.7%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks enhanced income and attractive risk-adjusted after-tax returns.
- Strategy
- Actively manages a national portfolio of municipal and taxable fixed-income securities, investing at least 80% in municipal securities exempt from federal income tax. Considers credit quality, maturity, and after-tax returns, while using derivatives for hedging and exposure.
- Inception date
- December 12, 2023
- Fund family
- AllianceBernstein
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Data updated on 2026-09-18