TAFI Fees and Costs — AB Tax-Aware Short Duration Municipal ETF
Data updated: 2026-07-24
The net expense ratio is 0.27%. There are no sales loads or redemption fees. Portfolio turnover was 35%.
TAFI Fees and Expenses
Annual operating expenses and sales charges of TAFI. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.27% |
| Fee waiver | — |
| Net expense ratio | 0.27% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TAFI Costs Over Time
On $10,000 invested in TAFI, assuming 5% a year before costs, total costs come to $171 over 5 years, cutting the return by 0.28% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.27%) | $28 | $89 | $156 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $28 | $94 | $171 |
| Value after costs | $10,472 | $11,483 | $12,591 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
TAFI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
TAFI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $934.6M | 55.96% |
| J.P. Morgan Securities LLC | $236.0M | 14.13% |
| Wells Fargo Securities, LLC | $119.3M | 7.14% |
| Guardian Capital LP | $112.0M | 6.71% |
| Goldman Sachs & Co. LLC | $77.8M | 4.66% |
| BNY Capital Markets, LLC | $47.5M | 2.85% |
| RBC Capital Markets, LLC | $40.2M | 2.41% |
| Morgan Stanley & Co. LLC | $38.7M | 2.32% |
| TD Securities (USA) LLC | $35.9M | 2.15% |
| Barclays Capital Inc. | $28.0M | 1.68% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.