FTMUvsTAFIETF Comparison
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Franklin Municipal Income ETF (FTMU) and AB Tax-Aware Short Duration Municipal ETF (TAFI) belong to the same industry segment: Municipal Bonds. FTMU's top 1 sector exposures are Municipal. In contrast, TAFI's top sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. FTMU is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.27% for TAFI. FTMU is down -4.46% year-to-date (YTD) with +$24M in YTD flows. TAFI performs better with 0.49% YTD performance, and +$397M in YTD flows. Run a side-by-side ETF comparison of FTMU and TAFI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FTMU vs TAFI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMU TAFI | -1.11%-0.05% | -5.53%-0.78% | -4.46%+0.49% | n/a+0.92% | n/a+11.08% | n/an/a |
| Flows | FTMU TAFI | +$26M+$75M | +$692K+$78M | +$24M+$397M | -+$509M | -+$1.26B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMU TAFI | +6.31%+2.14% | n/a+1.34% | n/a+1.47% | n/an/a |
| Max drawdown | FTMU TAFI | -7.74%-2.23% | n/a-2.28% | n/a-2.28% | n/an/a |
| Max drawdown duration | FTMU TAFI | 92d64d | n/a102d | n/a102d | n/an/a |
Trading data
FTMU | TAFI | |
Last sale 10/16/2026 at 1:30 PM | $7.43 | $24.76 |
| Previous close 10/15/2026 | $7.42 | $24.74 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FTMU | TAFI | |
|---|---|---|
| Last price | $7.43 | $24.76 |
| 1D performance | +0.13% | +0.08% |
| AuM | $472.87 M | $1.44 B |
| E/R | 0.3% | 0.27% |
Characteristics
FTMU | TAFI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 80 | 237 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | September 13, 2022 |
| ESG | No | No |
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Exposure
Countries
FTMU
USA
39.82%
Other
60.18%
TAFI
USA
38.46%
Other
61.54%
Sectors
FTMU
Municipal
39.82%
Other
60.18%
TAFI
Municipal
37.95%
Other
62.05%
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Diversification
FTMU
Total weight of top 15 holdings out of 15
19.19%
TAFI
Total weight of top 15 holdings out of 15
12.84%
Top 15 holdings
Data as of August 31, 2026
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.35%
US969878AB36
1.49%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.41%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.32%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.29%
US31350ACS50
1.25%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.17%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.16%
US25476FA408
1.15%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.15%
US97712D8M13
1.12%
US709224DV89
1.12%
US240471PF32
1.11%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.10%
US6446147E39
1.01%
TAFI
Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD
1.53%
US040507QB45
1.41%
US7485082P22
1.17%
City of New York, 5% 1feb2032, USD (2026)
1.05%
Colorado Health Facilities Authority, 5% 1sep2032, USD (2025A)
0.83%
US230589AB90
0.81%
Illinois Finance Authority, FRN 15nov2037, USD (2018)
0.77%
Revere, 4% 29jul2027, USD
0.75%
Miami-Dade School District, 4% 7jan2027, USD (2026)
0.74%
US09182TKL07
0.74%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2029, USD (3792D)
0.73%
US745160TD34
0.66%
Orchard Park Central School District, 4% 30apr2027, USD (2026)
0.57%
US67756CGX02
0.57%
City of Los Angeles, 5% 24jun2027, USD (2026)
0.53%
Frequently asked questions about FTMU and TAFI
How have the FTMU and TAFI ETFs performed in 2026?
As of October 16, 2026, FTMU is down -4.46% year-to-date (YTD), while TAFI has returned 0.49%. That puts TAFI better performer ahead so far this year.
Which ETF is attracting more investor money: FTMU or TAFI?
Year-to-date, the FTMU ETF saw +$24M in flows, compared to +$397M for TAFI.
Which ETF is bigger: FTMU or TAFI?
As of October 16, 2026, FTMU holds $472.87 M in assets under management (AUM), while TAFI manages $1.44 B.
What sectors do the FTMU and TAFI ETFs invest in?
FTMU leans toward sectors like Municipal. Meanwhile, TAFI focuses on Municipal.
What are the top holdings of the FTMU ETF and TAFI ETF?
FTMU top holdings include New York Urban Development Corp., 5% 15mar2044, USD (2023A), US969878AB36 and Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D). TAFI holds in its top three: Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22.
Which ETF is more diversified: FTMU or TAFI?
FTMU holds 260 securities with 19.19% of its assets in the top 15. TAFI has 691 securities and a top 15 weight of 12.84%.
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