ZMUNF/m Ultrashort Tax Free Municipal ETF
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%
#1,431 of 6,040 · low cost
Fund Size
$34M
#4,124 of 6,040 · small
Return (1Y)
N/A
Track Record
12 months
#4,700 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,291+2.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
Bloomberg Municipal Bond Currently Callable Index
Holdings
By weightConcentration
Top 10 holdings = 38.6% of funddiversified
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
96.1%
Cash
2.6%
Other
1.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
N/A
Max drawdown
-0.4%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
4.6 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
Similar funds
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Data updated on 2026-09-18