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 -1.71% year-to-date (YTD) with -$3M in YTD flows. TAFI performs better with 1.29% YTD performance, and +$316M 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 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMU TAFI | -1.17%+0.31% | -2.94%+0.24% | -1.71%+1.29% | n/a+2.46% | n/a+11.13% | n/an/a |
| Flows | FTMU TAFI | +$3K+$5M | -$13M+$123M | -$3M+$316M | -+$520M | -+$1.18B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMU TAFI | +3.55%+0.88% | n/a+0.94% | n/a+1.39% | n/an/a |
| Max drawdown | FTMU TAFI | -3.90%-0.60% | n/a-1.17% | n/a-1.71% | n/an/a |
| Max drawdown duration | FTMU TAFI | 63d56d | n/a116d | n/a59d | n/an/a |
Trading data
FTMU | TAFI | |
Last sale 9/2/2026 at 1:30 PM | $7.64 | $24.98 |
| Previous close 09/01/2026 | $7.64 | $24.98 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FTMU | TAFI | |
|---|---|---|
| Last price | $7.64 | $24.98 |
| 1D performance | -0.08% | -0.02% |
| AuM | $457.49 M | $1.38 B |
| E/R | 0.3% | 0.27% |
Characteristics
FTMU | TAFI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 80 | 244 |
| 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
39.78%
Other
60.22%
TAFI
USA
39.87%
Other
60.13%
Sectors
FTMU
Municipal
39.78%
Other
60.22%
TAFI
Municipal
39.34%
Other
60.66%
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Diversification
FTMU
Total weight of top 15 holdings out of 15
19.34%
TAFI
Total weight of top 15 holdings out of 15
12.69%
Top 15 holdings
Data as of July 31, 2026
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.33%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.64%
US969878AB36
1.46%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.39%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.29%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.26%
US31350ACS50
1.22%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.15%
US25476FA408
1.14%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.13%
US97712D8M13
1.10%
US709224DV89
1.09%
US240471PF32
1.08%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.08%
US6446147E39
0.99%
TAFI
Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD
1.52%
US040507QB45
1.40%
US7485082P22
1.16%
City of New York, 5% 1feb2032, USD (2026)
1.04%
Colorado Health Facilities Authority, 5% 1sep2032, USD (2025A)
0.82%
Illinois Finance Authority, FRN 15nov2037, USD (2018)
0.76%
Revere, 4% 29jul2027, USD
0.74%
Miami-Dade School District, 4% 7jan2027, USD (2026)
0.74%
US574193XM57
0.73%
US09182TKL07
0.73%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.71%
US544657JD25
0.67%
Orchard Park Central School District, 4% 30apr2027, USD (2026)
0.57%
US67756CGX02
0.56%
City of Los Angeles, 5% 24jun2027, USD (2026)
0.52%
Frequently asked questions about FTMU and TAFI
How have the FTMU and TAFI ETFs performed in 2026?
As of September 1, 2026, FTMU is down -1.71% year-to-date (YTD), while TAFI has returned 1.29%. 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 -$3M in flows, compared to +$316M for TAFI.
Which ETF is bigger: FTMU or TAFI?
As of September 1, 2026, FTMU holds $457.49 M in assets under management (AUM), while TAFI manages $1.38 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), New York Thruway Authority, 5% 15mar2054, USD (2022C) and US969878AB36. 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 259 securities with 19.34% of its assets in the top 15. TAFI has 691 securities and a top 15 weight of 12.69%.
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