Symbols

TAFL

AB TaxAware Long Municipal ETF·ARCA

--(--)

Key Stats

Assets Under Management

45.59MUSD

Fund Flow (1Y)

Dividend Yield

4.51%

Discount / Premium to NAV

Shares Outstanding

Expense Ratio

0.28%

About AB TaxAware Long Municipal ETF

Issuer

AllianceBernstein L.P.

Brand

AB Funds

Home Page

https://www.alliancebernstein.com/us/en-us/investments/products/etf/fixed-income/ab-tax-aware-long-municipal-etf.-.00039J871.html

Inception Date

Dec 12, 2023

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

AllianceBernstein LP

Distributor

Foreside Fund Services LLC

TAFL aims to provide a moderate rate of after-tax return and income by actively investing in a long-term portfolio of municipal bonds issued and guaranteed by the US and its territories. While focused on investment grade tax-exempt munis, the fund could opportunistically invest in junk bonds and may hold bonds subject to alternative minimum tax. The adviser selects securities based on various factors, including credit quality, maturity, diversification benefits, and relative expected after-tax returns of taxable and municipal securities. The adviser also considers tax implications from trading activities. More than 25% of assets may be invested in related securities or obligations that may influence each other. The portfolio's effective duration is expected to be 7 to 14 years. The fund may utilize derivatives to hedge the portfolio, enhance income, or leverage exposure.