Key stats
About AB Active ETFs, Inc. AB Tax-Aware Long Municipal ETF
Home page
Inception date
Dec 13, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
AllianceBernstein LP
Distributor
Foreside Fund Services LLC
TAFL aims to provide a moderate rate of after-tax return and income by actively investing in a long-term portfolio of municipal bonds issued and guaranteed by the US and its territories. While focused on investment grade tax-exempt munis, the fund could opportunistically invest in junk bonds and may hold bonds subject to alternative minimum tax. The adviser selects securities based on various factors, including credit quality, maturity, diversification benefits, and relative expected after-tax returns of taxable and municipal securities. The adviser also considers tax implications from trading activities. More than 25% of assets may be invested in related securities or obligations that may influence each other. The portfolio's effective duration is expected to be 7 to 14 years. The fund may utilize derivatives to hedge the portfolio, enhance income, or leverage exposure.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.84%
Mutual fund0.35%
Cash−0.18%
Top 10 holdings
Symbol
Assets
Symbol
Assets
P
Pennsylvania St Univ 5.25% 01-SEP-2053
3.62%
G
Greater Asheville Regl Arpt Auth N C Arpt Sys Rev 5.0% 01-JUL-2036
3.60%
S
Salt Verde Finl Corp Gas Rev Ariz 5.0% 01-DEC-2037
3.58%
N
New York St Urban Dev Corp St Sales Tax Rev 5.0% 15-MAR-2051
3.55%
S
Salt Riv Proj Agric Impt & Pwr Dist Ariz Elec Sys Rev 5.0% 01-JAN-2050
3.54%
N
New Jersey St Transn Tr Fd Auth 5.0% 15-JUN-2045
3.53%
T
Texas Wtr Dev Brd Rev 5.0% 15-OCT-2058
3.52%
S
Sherman Tex Indpt Sch Dist 5.0% 15-FEB-2053
3.52%
S
South Carolina Jobs-Economic Dev Auth Hosp Facsrev 5.0% 01-DEC-2046
3.50%
M
Main Str Nat Gas Inc Ga Gas Supply Rev 5.0% 15-MAY-2043
3.46%
Top 10 weight35.42%
90 total holdings
Dividends
Dividend payout history