F/m Ultrashort Tax-Free Municipal ETF (ZMUN)
F/m Ultrashort Tax-Free Municipal ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Washington, DC, US. The stock last traded at $50.03, down 0.03% on the session, giving a market capitalisation of $999,599. Its beta of -0.00 implies it has historically moved less than the broad market.
The F/m Callable Tax-Free Municipal ETF functions as a passively managed exchange-traded fund (ETF), aiming to mirror the price and yield characteristics of the Bloomberg Municipal Bond Currently Callable Index. Its investment strategy focuses on acquiring U.S. municipal bonds that carry an investment-grade rating. These bonds are specifically chosen for being at or nearing their call dates and for offering attractive coupon rates. This method is designed to provide investors with tax-exempt income while actively mitigating the risks associated with bond calls. The fund's portfolio is, therefore, largely comprised of investment-grade municipal debt securities that feature callable provisions.
F/m Ultrashort Tax-Free Municipal ETF is most often compared with the following Financial Services names: