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ZMUN

F/m Ultrashort Tax-Free Municipal ETF

ZMUN is a short duration municipal bond ETF designed to provide federally tax-exempt income with limited interest rate sensitivity. The fund invests in currently callable municipal bonds, which often offer higher coupons and attractive yields relative to traditional short-term munis. With investment grade bonds and a duration of less than one year, the strategy seeks to balance income generation with principal stability. Positioned as a tax-efficient cash alternative, ZMUN gives advisors and investors a liquid, low-cost tool for managing short-duration allocations.

Fund Overview

As of
Ticker
ZMUN
Exchange
Nadsdaq
Total Expense Ratio
0.30%
Net Assets
$4.50M
Shares Outstanding
90,000.00
NAV
$50.00
Closing Price
$50.08
Inception Date
# of Holdings
46
CUSIP
74933W163
Premium / Discount
0.15%
Median 30-day Spread
0.12%

Median 30 day spread is calculated by identifying the national best bid and national best offer (“NBBO”) for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Why ZMUN?

  • 1.

    Tax-Free Yield Advantage:
    Seeks to provide enhanced income that is federally tax-exempt, with a focus on currently callable municipal bonds.

  • 2.

    Low Duration, High Quality: 
    Tracks an index with investment grade municipal bonds and duration of less than one year, keeping interest rate sensitivity limited.

  • 3.

    Short Municipals Made ETF EasyTM: 
    Income generation, principal stability, and liquidity in a transparent, low-cost ETF wrapper.

Features

  • Direct Access

    Investors in ZMUN can gain access to an essential segment of the Municipal bond market with the ease and efficiency of an ETF.

  • Tax-Free Yield Advantage

    Seeks to provide enhanced income that is federally tax-exempt, with a focus on currently callable municipal bonds.

  • Ultrashort Duration

    ZMUN will seek to limit the exposure of the investor to interest rate movements.

  • Monthly Cashflow

    The monthly coupon payments of ZMUN are more frequent than the semi-annual payments of the underlying securities.

  • Tax Efficiency

    While the underlying municipal bond holdings can provide income exempt from federal taxation, ZMUN’s ETF structure helps reduce or eliminate potential capital gains.

  • Flexibility

    Through the ETF vehicle, ZMUN can be traded intraday, providing flexibility to investors.

Distributions

View Distribution History
Type Declaration Date Ex Date Record Date Payable Date Dividend Declared (per share)
View Distribution History

Quarter End Performance

YTD 1-Month 3-Month 6-Month 1-Year Since Inception

Month End Performance

YTD 1-Month 3-Month 6-Month 1-Year Since Inception

Holdings

As of
Name Symbol Par Value Market Value Weightings(%)

Holdings are subject to change without notice.

Fund Documents