AllianceBernsteinMuni National LongTAFL · NYSE Arca

AB Tax-Aware Long Municipal ETF (TAFL)

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Price: $24.11; —30 Oct 2026
Assets: $60.7M; Total net assets
Expense ratio: 0.28%; Category 0.75%
Yield: 4.37%; Trailing distributions

1Y return: -0.5%-0.3%; Category -0.2%
3Y CAGR: —; Category 5.7%
5Y CAGR: —; Category -0.5%

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AB Tax-Aware Long 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	+3.5%	-1.5%	-1.8%	-0.5%	-0.5%	—	—	—	+2.4%
Muni National Long average	3.7%	-1.4%	-1.8%	-0.3%	-0.2%	5.7%	-0.5%	1.6%	2.1%
Difference	-0.2%	-0.1%	+0.1%	-0.2%	-0.3%	—	—	—	+0.3%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA9.9%
AA39.7%
A27.1%
BBB15.4%
BB2.9%
B0.9%
Other4.1%

Asset mix

Bonds96.3%
Cash3.8%

ETF details

Issuer: AllianceBernstein
Category: Fixed Income · Muni National Long
Ticker: TAFL
Exchange: NYSE Arca
Inception: 12 Dec 2023 (2.9 years)
Structure: Exchange Traded Fund
Expense ratio: 0.28% (category 0.75%)
Holdings turnover: 50% (category 32%)
Distribution yield: 4.37%
Beta, 3 years: 0.00
Total net assets: $60.7M
Average duration: 4.88 years
Average maturity: 9.61 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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