TAFLAB Tax-Aware Long Municipal ETF

Get income2y track recordRanked #809 of 1,622 in this goal

Seeks enhanced income and attractive risk-adjusted after-tax returns.

By AllianceBernstein · Launched 2023

Annual Cost

0.28%

#1,340 of 5,562 · low cost

Fund Size

$58M

#3,436 of 5,562 · mid-size

Dividend YieldGoal

4.12%

Track Record

2 years

#3,335 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,783+7.8%

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 = 26.3% of fund✓ well diversified

Public Finance Authority

3.3%

New York State Dormitory Authority

2.9%

County of Miami-Dade FL Aviation Revenue

2.6%

Massachusetts School Building Authority

2.5%

Metropolitan Washington Airports Authority Aviation Revenue

2.5%

Texas Transportation Finance Corp

2.5%

Dallas Fort Worth International Airport

2.5%

City of Tacoma WA Electric System Revenue

2.5%

Washington Health Care Facilities Authority

2.5%

Pennsylvania State University/The

2.5%

Asset allocation

Bonds

97.1%

Cash

2.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.2%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

10.2 years

Credit ratings

US Government

0.2%

AAA

14.8%

45.4%

22.7%

BBB

10.0%

2.6%

0.7%

Other

3.8%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks enhanced income and attractive risk-adjusted after-tax returns.
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 an effective duration of seven to fourteen years. May use derivatives like swaps to enhance income or manage risks.
Inception date: December 12, 2023
Fund family: AllianceBernstein