TAFIvsFLMIETF Comparison
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AB Tax-Aware Short Duration Municipal ETF (TAFI) and Franklin Dynamic Municipal Bond ETF (FLMI) belong to the same industry segment: Municipal Bonds. TAFI's top 3 sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. In contrast, FLMI's top sector exposures are Municipal, Consumer Services and Healthcare. TAFI is less expensive with a Total Expense Ratio (TER) of 0.27%, versus 0.3% for FLMI. TAFI is up 0.49% year-to-date (YTD) with +$397M in YTD flows. FLMI performs worse with -4.5% YTD performance, and +$1.09B in YTD flows. Run a side-by-side ETF comparison of TAFI and FLMI 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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TAFI vs FLMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAFI FLMI | -0.05%-1.00% | -0.78%-5.20% | +0.49%-4.50% | +0.92%-4.32% | +11.08%+12.42% | n/a-1.40% |
| Flows | TAFI FLMI | +$75M-$38M | +$78M+$143M | +$397M+$1.09B | +$509M+$1.40B | +$1.26B+$2.28B | -+$2.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFI FLMI | +2.14%+5.82% | +1.34%+3.69% | +1.47%+3.92% | n/a+3.82% |
| Max drawdown | TAFI FLMI | -2.23%-7.22% | -2.28%-8.90% | -2.28%-8.90% | n/a-16.26% |
| Max drawdown duration | TAFI FLMI | 64d92d | 102d229d | 102d229d | n/a1340d |
Trading data
TAFI | FLMI | |
Last sale 10/16/2026 at 1:30 PM | $24.76 | $23.62 |
| Previous close 10/15/2026 | $24.74 | $23.61 |
| 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
TAFI | FLMI | |
|---|---|---|
| Last price | $24.76 | $23.62 |
| 1D performance | +0.08% | +0.04% |
| AuM | $1.44 B | $2.31 B |
| E/R | 0.27% | 0.3% |
Characteristics
TAFI | FLMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 237 | 214 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2022 | August 31, 2017 |
| ESG | No | No |
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Exposure
Countries
TAFI
USA
38.46%
Other
61.54%
FLMI
USA
38.36%
Other
61.64%
Sectors
TAFI
Municipal
37.95%
Other
62.05%
FLMI
Municipal
38.03%
Other
61.97%
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Diversification
TAFI
Total weight of top 15 holdings out of 15
12.84%
FLMI
Total weight of top 15 holdings out of 15
19.5%
Top 15 holdings
Data as of August 31, 2026
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%
FLMI
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
2.08%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
1.67%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.66%
Southeast Energy Authority, 5% 1jan2056, USD (2025A)
1.56%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.53%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.51%
US09182TGL52
1.44%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
1.33%
US592250EW01
1.21%
US771902HS55
1.09%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
0.96%
US292723DZ39
0.93%
US717901CC45
0.89%
US60637AFM99
0.85%
Southeast Energy Authority, 5% 1nov2035, USD (2025H)
0.80%
Frequently asked questions about TAFI and FLMI
How have the TAFI and FLMI ETFs performed in 2026?
As of October 16, 2026, TAFI is up 0.49% year-to-date (YTD), while FLMI has lost -4.5%. That puts TAFI better performer ahead so far this year.
Which ETF is attracting more investor money: TAFI or FLMI?
Year-to-date, the TAFI ETF saw +$397M in flows, compared to +$1.09B for FLMI.
Which ETF is more volatile: TAFI or FLMI?
Over the past year, TAFI had a volatility of 1.34%, while FLMI experienced 3.69%.
Which ETF is bigger: TAFI or FLMI?
As of October 16, 2026, TAFI holds $1.44 B in assets under management (AUM), while FLMI manages $2.31 B.
What sectors do the TAFI and FLMI ETFs invest in?
TAFI leans toward sectors like Municipal. Meanwhile, FLMI focuses on Municipal.
What are the top holdings of the TAFI ETF and FLMI ETF?
TAFI top holdings include Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22. FLMI holds in its top three: Black Belt Energy Gas District, 5% 1oct2035, USD (2025), Southeast Energy Authority, 5% 1nov2035, USD (2024A) and Kentucky Public Energy Authority, 5% 1may2036, USD (2025).
Which ETF is more diversified: TAFI or FLMI?
TAFI holds 691 securities with 12.84% of its assets in the top 15. FLMI has 1414 securities and a top 15 weight of 19.5%.
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Latest news about TAFI & FLMI
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