TAFM ETF — AB Tax-Aware Intermediate Municipal ETF

AB Tax-Aware Intermediate Municipal ETF (TAFM)

Updated October 16, 2026.

TAFM is an ETF. its distribution rate is 3.71%, its trailing-12-month yield is 3.80%, its expense ratio is 0.28%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 6.5% over the past 2.8 years, 61.7 points behind SPY at 68.2%.

AB Tax-Aware Intermediate Municipal ETF is an ETF that invests principally in a national portfolio of municipal securities exempt from federal income tax, supplemented with taxable fixed-income securities. It distributes monthly at a current moderate distribution rate, with an expense ratio of 0.28%. The fund appeals to income-focused investors seeking tax-advantaged municipal bond exposure.

TAFM performance versus SPY

Price and return data through 2026-10-16.

Total return is 6.5% over the past 2.8 years, 61.7 points behind SPY at 68.2%. Over the past year its total return — price change plus distributions reinvested — is -1.4%. Its deepest 1-year drawdown was 6.6%.

TAFM key facts

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

3.60%

Issuer

AllianceBernstein

Asset type

ETF

Asset class

Fixed Income

Inception date

12/12/2023

Expense ratio

0.28%

Distribution rate

3.71%

Distribution frequency

Monthly

Trailing yield

3.80%

Last close

$24.29 (as of 2026-10-16)

AUM

$1,039,673,445

Average volume

598633.0

Dividend

$0.075

Ex-dividend date

10/01/2026

Payment date

10/06/2026

How Dividend Vision calculates yield and returns

Distribution rate (3.71%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.80%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: AllianceBernstein; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TAFM risks and drawbacks

TAFM's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.6%.

Who may consider TAFM — and who may not

TAFM may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on TAFM

• All tickers starting with T

Tagged: Fixed Income.

Frequently asked questions

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