TAFM – AB Tax-Aware Intermediate Municipal ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide enhanced income and attractive risk-adjusted after-tax returns. The fund pursues its objective by investing principally in a national portfolio of both municipal and taxable fixed-income securities. It invests, under normal circumstances, at least 80% of its net assets, including any borrowings for investment purposes, in municipal securities that pay interest that is exempt from federal income tax.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TAFM	AB Tax-Aware Intermediate Municipal ETF	ETF	Open	—		Dec 12, 2023	$804.94M	0.280%	—	—	$455.16M

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