F/m Investments Launches Ultrashort Muni Bond ETF ZMUN with Competitive Yields and Portfolio Stability

F/m Investments has launched its first muni bond ETF, ZMUN, an ultrashort muni bond ETF with a 30bps fee. The ETF tracks the Bloomberg Municipal Bond Currently Callable Index and invests in high-quality municipal bonds at or near their call dates. It aims to deliver steady, federally tax-exempt income with desirable yields, monthly distributions, and portfolio stability. The ultrashort approach helps to reduce longer duration risk and volatility.

F/m Investments, an $18 billion investment firm, has introduced its first ultrashort municipal bond ETF, ZMUN, with a 30 basis points (bps) fee. The ETF aims to provide investors with access to high-quality municipal bonds near their call dates, delivering federally tax-exempt income with reduced duration risk and volatility.

ZMUN tracks the Bloomberg Municipal Bond Currently Callable Index, a specialized segment of the municipal bond market that focuses on bonds at or near their call dates with higher coupons. The ETF is designed to offer investors a blend of steady income, lower duration risk, and portfolio stability. By targeting high-coupon municipal bonds near call dates, ZMUN seeks to deliver compelling yields with reduced duration risk, reflecting F/m Investments' commitment to expanding investor access to precise, efficient fixed-income tools.

The ETF's structure offers several key features. It seeks to provide enhanced income that is federally tax-exempt, with additional tax efficiency through the ETF's structure. ZMUN's average duration of less than one year limits interest rate sensitivity, making it a potential cash allocation option for some investors. Monthly dividend payments are more frequent than the semi-annual payments of its underlying securities, providing investors with more liquidity.

The launch of ZMUN comes at a pivotal moment for municipal bonds, as record issuance and policy uncertainty have elevated yields for high-quality issuers. Investors are seeking to lock in federally tax-exempt income before expected Federal Reserve rate cuts. By focusing on callable, investment-grade munis with ultrashort duration, ZMUN is well-positioned to meet this demand and provide efficient access to a timely opportunity.

F/m Investments has collaborated with Bloomberg to develop the Municipal Bond Currently Callable Index, which brings structure and transparency to this specialized segment of the municipal market. ZMUN joins F/m's growing suite of innovative fixed-income ETFs, which include the U.S. Benchmark Series, the U.S. Credit Series, and the Compoundr Series.

Investors should consider the investment objectives, risks, charges, and expenses before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1-800-617-0004 or visit www.fminvest.com. Read the prospectus or summary prospectus carefully before investing.