TAFLvsBSMTETF Comparison
VS
AB Tax-Aware Long Municipal ETF (TAFL) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAFL is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.18% for BSMT. TAFL is down -0.94% year-to-date (YTD) with +$21M in YTD flows. BSMT performs worse with -1.87% YTD performance, and +$60M in YTD flows. Run a side-by-side ETF comparison of TAFL and BSMT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
TAFL vs BSMT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAFL BSMT | -2.74%-1.45% | -3.13%-1.73% | -0.94%-1.87% | +0.53%-1.25% | n/a+7.15% | n/a-4.70% |
| Flows | TAFL BSMT | +$4M+$9M | +$10M+$16M | +$21M+$60M | +$39M+$88M | -+$246M | -+$280M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFL BSMT | +3.66%+1.73% | +3.05%+1.46% | n/a+2.82% | n/a+3.40% |
| Max drawdown | TAFL BSMT | -4.16%-1.98% | -4.16%-2.96% | n/a-3.52% | n/a-16.14% |
| Max drawdown duration | TAFL BSMT | 70d71d | 70d205d | n/a156d | n/a1716d |
Trading data
TAFL | BSMT | |
Last sale 9/15/2026 at 7:59 PM | $23.93 | $22.58 |
| Previous close 09/15/2026 | $24.01 | $22.57 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
TAFL
is actively managed and doesn’t replicate an indexTAFL | BSMT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/15/2026 at 7:59 PM
Live
Closed
TAFL | BSMT | |
|---|---|---|
| Last price | $23.93 | $22.58 |
| 1D performance | -0.33% | +0.04% |
| AuM | $66.19 M | $289.37 M |
| E/R | 0.28% | 0.18% |
Characteristics
TAFL | BSMT | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AllianceBernstein | Invesco |
| Benchmark | - | Invesco BulletShares USD Municipal Bond 2029 Index |
| N° of holdings | 64 | 1061 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | September 13, 2019 |
| ESG | No | No |
Advertisement
Exposure
Countries
TAFL
USA
63.23%
Other
36.77%
BSMT
USA
64.48%
Other
35.52%
Sectors
TAFL
Municipal
63.23%
Other
36.77%
BSMT
Municipal
64.48%
Other
35.52%
Advertisement
Diversification
TAFL
Total weight of top 15 holdings out of 15
29.64%
BSMT
Total weight of top 15 holdings out of 15
5.22%
Top 15 holdings
Data as of July 31, 2026
TAFL
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
2.68%
Chicago, 5.25% 1nov2061, USD (2026A)
2.60%
West Linn-Wilsonville School District №3JT, 5% 15jun2046, USD (2026B)
2.23%
New York Dormitory Authority, 5% 15mar2055, USD (2025C)
2.07%
South Carolina Public Service Authority, 5.25% 1dec2054, USD (2024)
2.03%
US812643C776
1.97%
US494791UA28
1.84%
US59333P7M43
1.81%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
1.79%
Cuyahoga, 5.5% 1dec2061, USD (2026)
1.79%
Denver Airport System, 5% 15nov2036, USD (2022A)
1.78%
Massachusetts Development Finance Agency, 5.5% 1dec2056, USD
1.77%
US79766DTP41
1.76%
US576000E334
1.76%
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
1.76%
BSMT
Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2)
0.52%
New Jersey, 5% 1jun2029, USD
0.50%
US89602HJB42
0.48%
US43233KAG94
0.39%
US19648FXR09
0.34%
Ohio Water Development Authority, 5% 1jun2029, USD (2019A)
0.32%
Nashville and Davidson Health and Educational Facilities, 5% 1jul2029, USD (2024A)
0.32%
US544647HL79
0.32%
US13034A5B23
0.32%
New Jersey Turnpike Authority, 5% 1jan2048, USD
0.31%
Lancaster Hospital Authority, 5% 1nov2051, USD (2021)
0.29%
Pennsylvania Turnpike Commission, 5% 1dec2044, USD
0.29%
US91412HTF00
0.28%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.28%
Illinois Toll Highway Authority, 5% 1jan2044, USD
0.26%
Frequently asked questions about TAFL and BSMT
How have the TAFL and BSMT ETFs performed in 2026?
As of September 14, 2026, TAFL is down -0.94% year-to-date (YTD), while BSMT has lost -1.87%. That puts TAFL better performer ahead so far this year.
Which ETF is attracting more investor money: TAFL or BSMT?
Year-to-date, the TAFL ETF saw +$21M in flows, compared to +$60M for BSMT.
Which ETF is more volatile: TAFL or BSMT?
Over the past year, TAFL had a volatility of 3.05%, while BSMT experienced 1.46%.
Which ETF is bigger: TAFL or BSMT?
As of September 14, 2026, TAFL holds $66.19 M in assets under management (AUM), while BSMT manages $289.37 M.
What sectors do the TAFL and BSMT ETFs invest in?
TAFL leans toward sectors like Municipal. Meanwhile, BSMT focuses on Municipal.
What are the top holdings of the TAFL ETF and BSMT ETF?
TAFL top holdings include Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025), Chicago, 5.25% 1nov2061, USD (2026A) and West Linn-Wilsonville School District №3JT, 5% 15jun2046, USD (2026B). BSMT holds in its top three: Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2), New Jersey, 5% 1jun2029, USD and US89602HJB42.
Which ETF is more diversified: TAFL or BSMT?
TAFL holds 119 securities with 29.64% of its assets in the top 15. BSMT has 1917 securities and a top 15 weight of 5.22%.
Advertisement
Advertisement
