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ETFs

AB Tax-Aware Short Duration Municipal ETF

TAFI
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 14, 2022
Expense Ratio
0.27%
Type
US Bonds
Fund Owner
AllianceBernstein
Volume (1m avg. daily)
$2,058,134
AUM
$192,670,390
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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PORT AUTH OF NEW YORK NEW JE PORTRN 10/28 FIXED 3
1.91%
—
PORT SAINT LUCIE FL UTILITY RE PSLUTL 09/32 FIXED 4
1.82%
—
CLARK CNTY NV ARPT REVENUE CLAAPT 07/25 FIXED 5
1.63%
—
GASTON CNTY NC GAS 05/25 FIXED 4
1.36%
—
PUBLIC PWR GENERATION AGY NE R PUBPWR 01/25 FIXED 5
1.33%
—
SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 01/54 ADJUSTABLE VAR
1.32%
—
CONNECTICUT ST CTS 03/33 FIXED 4.5
1.31%
—
MET PIER EXPOSITION AUTH IL MPNFAC 06/24 FIXED 3
1.15%
—
CHICAGO IL CHI 01/26 FIXED 5
1.13%
—
Washingtn Hlth Auth 5 % Bonds 2015-15.08.24 Multicare Health System Series 2015B
1.11%
Invest with TAFI
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What is TAFI?

The Fund is an actively-managed exchange-traded fund ("ETF"). The Fund pursues its objective by investing principally in a national portfolio of both municipal and taxable fixed-income securities. The Fund invests, under normal circumstances, at least 80% of its total assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax for certain taxpayers. The income earned and distributed to shareholders on non-municipal securities would not be exempt from federal income tax. The Fund may invest in fixed-income securities rated below investment grade (commonly known as "junk bonds"), although such securities are not expected to be the Fund's primary focus. The Fund may invest in securities issued or guaranteed by Puerto Rico or its agencies or instrumentalities.

1M
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6M
YTD
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TAFI
Performance Measures**

for the time period Sep 14, 2022 to Dec 4, 2025

Returns

1M Trailing Return: 0.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 0.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -2.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 2.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.66

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 1.72

The annualized return divided by the max drawdown for the selected time period.

ETFs related toTAFI

ETFs correlated to TAFI include SCMB, JMUB, MUB

TAFI
AB Active ETFs Inc - AB Tax-Aware Short Duration Municipal ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
CGMU
Capital Group Fixed Income ETF Trust - Capital Group Municipal Income ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

TAFI is a US Bonds ETF. The Fund is an actively-managed exchange-traded fund ("ETF"). The Fund pursues its objective by investing principally in a national portfolio of both municipal and taxable fixed-income securities. The Fund invests, under normal circumstances, at least 80% of its total assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax for certain taxpayers. The income earned and distributed to shareholders on non-municipal securities would not be exempt from federal income tax. The Fund may invest in fixed-income securities rated below investment grade (commonly known as "junk bonds"), although such securities are not expected to be the Fund's primary focus. The Fund may invest in securities issued or guaranteed by Puerto Rico or its agencies or instrumentalities.

Yes, TAFI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TAFI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TAFI is -0.0053%. This is the percent change in the value of TAFI over the most recent 1-month period. The 3-month return on TAFI is -0.0049%. This is the percent change in the value of TAFI over the most recent 3-month period.

The standard deviation of TAFI for the past year is 0.0218%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TAFI include SUB, HYD, and NYF.

ETFs correlated to TAFI include SCMB, JMUB, and MUB.

ETFs that are inversely correlated to TAFI include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.