F/m Investments LLCMuni National ShortZMUN · Nasdaq

F/m Ultrashort Tax-Free Municipal ETF (ZMUN)

Compare Muni National Short ETFs Compare with others

Price: $49.86; —30 Oct 2026
Assets: $34.3M; Total net assets
Expense ratio: 0.30%; Category 0.54%
Yield: 3.29%; Trailing distributions

1Y return: 3.4%+1.1%; Category 2.3%
3Y CAGR: —; Category 3.6%
5Y CAGR: —; Category 1.9%

Loading NAV history…

F/m Ultrashort Tax-Free 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	+1.4%	+0.7%	+1.4%	+2.8%	+3.4%	—	—	—	+3.3%
Muni National Short average	1.5%	0.5%	0.9%	1.6%	2.3%	3.6%	1.9%	1.6%	2.3%
Difference	-0.2%	+0.1%	+0.5%	+1.2%	+1.1%	—	—	—	+0.9%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA18.0%
AA58.7%
A23.3%

Asset mix

Bonds98.1%
Other1.2%
Cash0.7%

ETF details

Issuer: F/m Investments LLC
Category: Fixed Income · Muni National Short
Ticker: ZMUN
Exchange: Nasdaq
Inception: 29 Sept 2025 (1.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.30% (category 0.54%)
Holdings turnover: 0% (category 59%)
Distribution yield: 3.29%
Beta, 3 years: 0.00
Total net assets: $34.3M
Average duration: 4.65 years
Average maturity: 9.91 years

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

Other muni national short ETFs

Other ETFs in the Muni National Short category.

Compare Muni National Short ETFs