TAFMAB Tax-Aware Intermediate Municipal ETF

Get income2y track recordRanked #418 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

$612M

#1,419 of 5,562 · large

Dividend YieldGoal

3.67%

Track Record

2 years

#3,335 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,668+6.7%

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 = 9.2% of fund✓ well diversified

Alliance Bernstein

2.7%

City of New York NY

0.9%

California Community Choice Financing Authority

0.8%

County of Montgomery OH

0.8%

Town of Vail CO

0.8%

Los Angeles Department of Water & Power

0.7%

Black Belt Energy Gas District

0.7%

Commonwealth of Massachusetts

0.6%

Michigan State Hospital Finance Authority

0.6%

New York State Dormitory Authority

0.6%

Asset allocation

Bonds

93.5%

Cash

6.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.1%Low

Year-on-year price swings

Max drawdown

-4.7%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

10.4 years

Credit ratings

US Government

0.1%

AAA

14.1%

36.6%

28.5%

BBB

11.8%

4.2%

0.7%

Other

4.2%

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 four to seven years. May also use derivatives like swaps to enhance income or manage risks.
Inception date: December 12, 2023
Fund family: AllianceBernstein