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ZMUNF/m Ultrashort Tax Free Municipal ETF

Get incomeNewRanked #1,056 of 1,650 in this goal

Seeks investment results that correspond generally to the price and yield performance of the Bloomberg Municipal Bond Currently Callable Index.

By F/m Investments LLC · Launched 2025

Annual Cost

0.30%

#1,396 of 5,861 · low cost

Fund Size

$31M

#4,124 of 5,861 · small

Dividend YieldGoal

Track Record

11 months

#4,694 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,285+2.8%

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

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Strategy

Index tracking

Index tracked

Bloomberg Municipal Bond Currently Callable Index

What it actually holds

By weight

Concentration

Top 10 holdings = 38.6% of fundwell diversified

ILLINOIS ST
5.2%
NORTH CAROLINA ST MUNI PWR AGY
5.1%
LOS ANGELES CNTY CA PUBLIC WKS
4.4%
HOUSTON TX UTILITY SYS REVENUE
4.3%
SAN JOSE CA EVERGREEN CMNTY CL
4.3%
MICHIGAN ST FIN AUTH REVENUE
3.5%
ILLINOIS ST FIN AUTH REVENUE
3.3%
NEW JERSEY ST EDUCTNL FACS AUT
3.2%
CALIFORNIA ST HLTH FACS FING A
2.7%
HOUSTON TX INDEP SCH DIST
2.6%

Asset allocation

Bonds
94.8%
Other
3.9%
Cash
1.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-0.1%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

4.7 years

Avg maturity

10.0 years

Credit ratings

AAA
18.0%
AA
58.7%
A
23.3%

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks investment results that correspond generally to the price and yield performance of the Bloomberg Municipal Bond Currently Callable Index.
Strategy
Passively manages a portfolio of U.S. municipal investment grade bonds that are exempt from federal and certain state taxes, focusing on bonds that are currently callable or callable within the next three months. Targets investment results that correspond to the Bloomberg Municipal Bond Currently Callable Index, which measures a subset of the U.S. municipal tax-exempt investment grade bond market.
Inception date
September 29, 2025
Fund family
F/m Investments LLC

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Data updated on 2026-08-04