AllianceBernsteinMuni National ShortTAFI · NYSE Arca

AB Tax-Aware Short Duration Municipal ETF (TAFI)

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Price: $24.98; —30 Oct 2026
Assets: $1.4B; Total net assets
Expense ratio: 0.27%; Category 0.54%
Yield: 3.18%; Trailing distributions

1Y return: 1.9%-0.5%; Category 2.3%
3Y CAGR: 3.9%+0.4%; Category 3.6%
5Y CAGR: —; Category 1.9%

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AB Tax-Aware Short Duration Municipal ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+1.9%	+0.5%	+0.6%	+1.4%	+1.9%	+3.9%	—	—	+3.1%
Muni National Short average	1.5%	0.5%	0.9%	1.6%	2.3%	3.6%	1.9%	1.6%	2.3%
Difference	+0.4%	-0.1%	-0.3%	-0.3%	-0.5%	+0.4%	—	—	+0.7%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA22.7%
AA28.5%
A25.6%
BBB12.4%
BB4.3%
B0.3%
Below B0.1%
Other6.2%

Asset mix

Bonds96.5%
Cash3.5%
Preferred shares0.0%

ETF details

Issuer: AllianceBernstein
Category: Fixed Income · Muni National Short
Ticker: TAFI
Exchange: NYSE Arca
Inception: 13 Sept 2022 (4.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.27% (category 0.54%)
Holdings turnover: 35% (category 59%)
Distribution yield: 3.18%
Beta, 3 years: 0.36
Total net assets: $1.4B
Average duration: 4.62 years
Average maturity: 10.01 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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