TAFI AB Tax-Aware Short Duration Municipal ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

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TAFI — —
Key stats
About

AB Tax-Aware Short Duration Municipal ETF (TAFI) ETF

No description available.

Exchange
ARCX
Inception
2022-09-13
Has Options
No
Fund profile
holdings as of Aug 31, 2026SEC filingthrough Aug 2026flows, SEC filings
Municipal Bond Short Muni#7 of 27 by assets AllianceBernstein US Actively managed
Expense ratio
0.27%
prospectus, filed Mar 27, 2026
Assets
$1.5B
shares × price, Nov 6, 2026
Trailing yield
3.12%
paid monthly
Average daily volume
$24M
30 sessions
Holdings
703
top 10 are 10.0%
Listed
Sep 13, 2022
NYSE Arca
Closure risk, 12 months
0.3%
low · model
FrenzyCap ETF score
73
how it is built
Cost48
Liquidity79
Scale81
Diversification100

Moves with. Long Treasuries (36% of its variance, beta 0.13). These factors explain 34% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. The Fund seeks to provide relative stability of principal and a moderate rate of after-tax return and income. (from the fund's prospectus)

All 703 holdingsFlow historyOverlap toolAll Short Muni ETFs

Fund flows
through Aug 2026SEC filings
Aug 2026
+$7.5M
latest reported month
Latest 3 months
+$123M
+9.0% of assets
Latest 12 months
+$520M
+37.8% of assets
Sep 2025: +$83MOct 2025: +$25MOctNov 2025: +$69MDec 2025: +$21MDecJan 2026: +$54MFeb 2026: +$38MFebMar 2026: +$15MApr 2026: +$14MAprMay 2026: +$75MJun 2026: +$93M+$93MJunJul 2026: +$23MAug 2026: +$7.5M+$7.5MAug
View as a table
Net flows of TAFI by month, Sep 2025 to Aug 2026
MonthNet flow
Aug 2026+$7.5M
Jul 2026+$23M
Jun 2026+$93M
May 2026+$75M
Apr 2026+$14M
Mar 2026+$15M
Feb 2026+$38M
Jan 2026+$54M
Dec 2025+$21M
Nov 2025+$69M
Oct 2025+$25M
Sep 2025+$83M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 48 months ago

Similar funds
FundOverlapFeeAssets1Y
SUBiShares Short-Term National Muni Bond ETF—0.07%$13.4B−0.1%compare
JMSTJPMorgan Ultra-Short Municipal Income ETF—0.18%$8.4B+0.1%compare
VTESVanguard Short-Term Tax-Exempt Bond ETF—0.05%$4.2B−0.6%compare
SHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETF—0.20%$3.5B−0.7%compare
CGSMCapital Group Short Duration Municipal Income ETF—0.25%$1.7B−0.3%compare

The largest other funds in the Short Muni category.

Under the hood
fiscal year to Nov 30, 2025SEC census
Authorized participants
7 active
of 22 with agreements; top 3 did 87%
Created · redeemed
$445M · $55M
over the fiscal year
Redemptions in kind
8%
creations 16% in kind
Creation unit
50,000
shares
Securities lending
authorized, none lent

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-08-31
Holdings
703
AUM
$1.4B
Provider
Nport
Inception
2022-09-13
Exchange
ARCX
Data As Of
2026-08-31
Expense Ratio
0.27%
Dividend Yield
3.12%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-11-02 2026-11-05 $0.0640 CD
2026-10-01 2026-10-06 $0.0642 CD
2026-09-01 2026-09-04 $0.0639 CD
2026-08-03 2026-08-06 $0.0652 CD
2026-07-01 2026-07-07 $0.0623 CD
2026-06-01 2026-06-04 $0.0634 CD
Asset Allocation
Top Holdings
top 50 of 703 holdings
Symbol Name Weight % Asset Class Country
— Alliance Bernstein 2.49% Short-term investment US
— Pennsylvania Economic Development Financing Authority 1.51% Debt US
— Arizona Health Facilities Authority 1.39% Debt US
— City of Quincy MA 1.15% Debt US
— Idaho Health Facilities Authority 1.07% Debt US
— City of New York NY 1.03% Debt US
— Colorado Health Facilities Authority 0.81% Debt US
— Cumberland County Industrial Facilities & Pollution Control Financing Authority 0.80% Debt US
— Illinois Finance Authority 0.76% Debt US
— City of Revere MA 0.74% Debt US
— School Board of Miami-Dade County/The 0.73% Debt US
— Black Belt Energy Gas District 0.73% Debt US
— Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.72% Debt US
— Puerto Rico Commonwealth Aqueduct & Sewer Authority 0.65% Debt US
— Orchard Park Central School District 0.57% Debt US
— State of Ohio 0.56% Debt US
— City of Los Angeles CA 0.52% Debt US
— State of Idaho 0.51% Debt US
— New York Transportation Development Corp 0.50% Debt US
— New Jersey Economic Development Authority 0.46% Debt US
— Southeast Alabama Gas Supply District/The 0.45% Debt US
— Main Street Natural Gas Inc 0.44% Debt US
— County of Mercer NJ 0.43% Debt US
— City of Quincy MA 0.42% Debt US
— Town of Oyster Bay NY 0.41% Debt US
— New Jersey Transportation Trust Fund Authority 0.39% Debt US
— Dallas Fort Worth International Airport 0.39% Debt US
— South Carolina Public Service Authority 0.39% Debt US
— Louisville/Jefferson County Metropolitan Government 0.38% Debt US
— California Community Choice Financing Authority 0.38% Debt US
— Maryland Health & Higher Educational Facilities Authority 0.38% Debt US
— School District of Philadelphia/The 0.37% Debt US
— Commonwealth of Pennsylvania 0.37% Debt US
— City of Rochester NY 0.37% Debt US
— Chandler Industrial Development Authority 0.37% Debt US
— Chandler Industrial Development Authority 0.37% Debt US
— California Health Facilities Financing Authority 0.36% Debt US
— Metropolitan Washington Airports Authority Aviation Revenue 0.35% Debt US
— Triborough Bridge & Tunnel Authority 0.34% Debt US
— City of Olathe KS 0.34% Debt US
— Los Angeles Department of Water & Power 0.34% Debt US
— Southern California Public Power Authority 0.32% Debt US
— Los Angeles Department of Water & Power Water System Revenue 0.32% Debt US
— Chicago Board of Education 0.31% Debt US
— Ohio Air Quality Development Authority 0.30% Debt US
— Texas Municipal Gas Acquisition & Supply Corp IV 0.30% Debt US
— Main Street Natural Gas Inc 0.30% Debt US
— City of Oakland CA 0.30% Debt US
— City of Hoboken NJ 0.30% Debt US
— City of Jersey City NJ 0.30% Debt US
Non-Equity Breakdown
AB Tax-Aware Short Duration Municipal ETF · NPORT-P period 2026-08-31 (filed 2026-10-26)
Net assets: $1.38B · 703 total positions · equity 0.00% · non-equity 102.26%
Non-equity holdings — 703 positions, 102.26% of NAV
Category Weight Value Positions
Municipal 98.43% $1.35B 670
Short-term investment 2.49% $34.2M 1
Mortgage-backed (US Govt-Sponsored Entity) 0.46% $6.3M 6
ABS-O 0.44% $6.1M 7
Corporate 0.24% $3.3M 7
Mortgage-backed (Corporate) 0.23% $3.1M 2
Derivative (interest rate) 0.01% $84981 8
Derivative (equity) 0.00% $9912 1
Derivative (credit) -0.02% $-325669 1
Chart
Seasonality
'22'23'24'25'26Avg
Jan--0.98%0.00%0.56%0.56%0.53%
Feb---1.24%0.08%0.64%0.75%0.06%
Mar--1.17%0.04%-0.32%-0.83%0.01%
Apr--0.00%-0.10%-0.36%0.28%-0.04%
May---0.17%0.04%0.52%0.30%0.17%
Jun--0.24%0.48%0.68%0.28%0.42%
Jul--0.34%0.96%0.36%-0.46%0.30%
Aug---0.04%0.68%0.44%0.32%0.35%
Sep-1.84%-0.65%0.52%0.76%-1.60%-0.56%
Oct-0.32%-0.02%-0.48%0.32%1.59%0.22%
Nov2.19%2.31%0.60%0.16%0.52%*1.16%
Dec-0.04%0.68%-0.83%0.08%---0.03%
Total-0.05%3.61%1.99%3.90%1.69%2.23%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $24.87
SMA 50: $24.80
SMA 200: $25.10
Current: $25.03
EMA 12: $24.94
EMA 26: $24.87
MACD: 0.0690 | Signal: 0.0190
BULLISH
ADX (14): 38.24
TREND
+DI: 37.76
−DI: 12.53

Momentum Oscillators

RSI (14): 70.00
OVERBOUGHT
Stoch %K: 97.70
Stoch %D: 92.73
Williams %R: -3.45

Volume & Volatility

BB Upper: $25.09
BB Lower: $24.65
NEUTRAL
OBV: 10,022,407
Vol SMA 20: 822,899
Vol ROC: 55.22%
ATR: $0.05
True Range: $0.03
HV 20: 2.1%
HV 30: 2.5%
HV 60: 2.6%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All TAFI news →

TAFI Options Activity & IV Rank

Loading options activity...
Spread Scanner
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.0255
Alpha: -1.14%
Correlation: 0.1860
R-Squared: 3.5%
Stock Volatility: 1.9%
Market Volatility: 13.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

TAFI Institutional Ownership (13F)

Filings for 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

107 filers45,690,270 shares$1.15B value
# Filer Shares Value % of Total % of Float Period
1 AllianceBernstein L.P. 25,635,884 $645.51M 56.29% — 2026-06-30
2 LPL Financial LLC Custodian 3,560,505 $87.52M 7.63% — 2026-09-30
3 Morgan Stanley Custodian 3,126,607 $78.85M 6.88% — 2026-06-30
4 Bank of America Corp Custodian 1,393,076 $35.13M 3.06% — 2026-06-30
5 JPMorgan Chase & Co Custodian 1,241,641 $31.34M 2.73% — 2026-06-30
6 Royal Bank of Canada Custodian 847,767 $21.38M 1.86% — 2026-06-30
7 Sanctuary Advisors, LLC 646,462 $16.30M 1.42% — 2026-06-30
8 OSAIC HOLDINGS, INC. Custodian 641,682 $16.18M 1.41% — 2026-06-30
9 Envestnet Asset Management, Inc. 601,752 $15.18M 1.32% — 2026-06-30
10 UBS Group AG Custodian 492,980 $12.43M 1.08% — 2026-06-30
11 SAGESPRING WEALTH PARTNERS, LLC 422,177 $10.38M 0.90% — 2026-09-30
12 Quotient Wealth Partners, LLC 343,887 $8.67M 0.76% — 2026-06-30
13 HighTower Advisors, LLC 312,151 $7.87M 0.69% — 2026-06-30
14 KESTRA PRIVATE WEALTH SERVICES, LLC 291,194 $7.16M 0.62% — 2026-09-30
15 Aptus Capital Advisors, LLC 277,115 $6.99M 0.61% — 2026-06-30
16 Raymond James Financial, Inc. Custodian 266,019 $6.71M 0.58% — 2026-06-30
17 Ameriprise Financial, Inc. Custodian 238,583 $6.02M 0.52% — 2026-06-30
18 SevenBridge Financial Group, LLC 219,885 $5.45M 0.48% — 2026-09-30
19 Fluent Financial, LLC 216,410 $5.32M 0.46% — 2026-09-30
20 Private Advisor Group, LLC 206,620 $5.21M 0.45% — 2026-06-30
21 Integrated Wealth Concepts LLC 205,614 $5.19M 0.45% — 2026-06-30
22 Jane Street Group, LLC Custodian 200,998 $5.07M 0.44% — 2026-06-30
23 Concurrent Investment Advisors, LLC 204,839 $5.03M 0.44% — 2026-09-30
24 ADAPT WEALTH ADVISORS, LLC 191,528 $4.83M 0.42% — 2026-06-30
25 Ausdal Financial Partners, Inc. 191,159 $4.82M 0.42% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month