ZMUN Performance — F/m Ultrashort Tax-Free Municipal ET
Data updated: 2026-07-28
In the 12 months to May 2026 the fund took in a net $27.0M, and assets reached $27.03M.
ZMUN Growth of $100
What $100 invested in F/m Ultrashort Tax-Free Municipal ET grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Municipal Bond category average over the same months.
| Period | ZMUN | Category average |
|---|---|---|
| Since data start (Sep 2025 – May 2026) | $102 | $102 |
ZMUN Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.59% |
ZMUN Annual Returns
Calendar-year total returns of F/m Ultrashort Tax-Free Municipal ET, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.59% |
| 2025 (Sep–Dec) | +0.81% |
ZMUN Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +0.3% | +0.3% | +0.3% | +0.3% | — | — | — | — | — | — | — |
| 2025 | — | — | — | — | — | — | — | — | 0.0% | +0.2% | +0.3% | +0.3% |
ZMUN Risk
Risk measures from monthly returns over Sep 2025 – May 2026.
- Best month: +0.36% (Jan 2026)
- Worst month: −0.01% (Sep 2025)
ZMUN Fund Flows
Monthly money in and out of F/m Ultrashort Tax-Free Municipal ET, from SEC Form N-PORT.
- 12-month net flow: $27.0M
- 12-month gross sales (incl. reinvestments): $29.6M
- Sales ÷ redemptions: 11.78×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $10.5M | $1.0M | $9.5M |
| Apr 2026 | $2.5M | $0 | $2.5M |
| Mar 2026 | $3.5M | $0 | $3.5M |
| Feb 2026 | $0 | $1.5M | −$1.5M |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $2.0M | $0 | $2.0M |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $10.0M | $0 | $10.0M |
| Sep 2025 | $1.0M | $0 | $1.0M |
ZMUN Assets Under Management
Net assets of F/m Ultrashort Tax-Free Municipal ET by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $27.03M |
| 2026-02-28 | $11.52M |
| 2025-11-30 | $11.01M |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.