ZMUN

F/m Ultrashort Tax-Free Municipal ETF

F/m · Bonds & Cash

$49.88▲ +0.1% last session▲ +2.5% YTD

As of 10/29/2026, 4:00:00 PM ET · End-of-day

ETFETF Tracker@TheETFTracker · etftracker.io

Dividend-adjusted total return. Comparisons share the fund’s start date. S&P 500 uses VOO. Missing history is unavailable.

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	▲ +0.1%	▲ +1.1%	▲ +0.4%	▲ +2.5%	▲ +3.0%	—	—	▲ +3.2%
Peer average	▲ +0.0%	▲ +0.4%	▲ +0.5%	▲ +2.6%	▲ +3.3%	▲ +15.3%	▲ +18.1%	—
S&P 500 · VOO	▼ −0.4%	▲ +0.9%	▲ +3.3%	▲ +13.8%	▲ +13.3%	▲ +88.8%	▲ +81.9%	—

What’s in ZMUN

What’s in this fund

ZMUNF/m Ultrashort Tax-Free Municipal ETF

165 holdings

As of Oct 30, 2026

Everything else12.6%

Cash & Other2.5%

ETFETF Tracker@TheETFTracker · etftracker.io

Tile size = share of the fund

HoldingsTop 20 of 165 · as of Oct 30, 2026

1—South Dakota Health & Educational Facilities Authority 4% 11/01/20342.70%

2—New York State Dormitory Authority 5% 02/15/20302.60%

3—Cash & Other2.55%

4—City of Aurora CO 5% 12/01/20351.68%

5—Illinois Finance Authority 5% 11/15/20281.64%

6—State of Illinois 5% 01/01/20271.64%

7—Oregon State Facilities Authority 5% 06/01/20301.57%

8—City & County of Denver CO Airport System Revenue 5% 11/15/20321.50%

9—Metropolitan Transportation Authority 5% 11/15/20371.47%

10—California Health Facilities Financing Authority 5% 08/15/20271.43%

11—King County School District No 411 Issaquah 5% 12/01/20321.42%

12—Metropolitan Transportation Authority Dedicated Tax Fund 5.25% 11/15/20311.37%

13—New Brunswick Parking Authority 5% 09/01/20281.37%

14—New Jersey Transportation Trust Fund Authority 5% 06/15/20271.37%

15—West Virginia Economic Development Authority 5% 06/01/20271.37%

16—Pennsylvania Economic Development Financing Authority 5% 03/15/20311.37%

17—Metropolitan Transportation Authority 5% 11/15/20311.37%

18—Sedgwick County Unified School District No 260 Derby 4% 10/01/20291.37%

19—County of Miami-Dade FL Transit System 4% 07/01/20321.36%

20—City of Houston TX Combined Utility System Revenue 4% 11/15/20331.35%

Go deeper

Prospectus & documentsRead the official filings

prospectus · SEC 497 ↗SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗prospectus · SEC 497 ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Fund factsStructure & strategy

Issuer: F/m
Inception: 2025-09-30
Exchange: NASDAQ
CUSIP: 74933W163
Structure: —
Benchmark: —
Leverage: 1x
Reset: —

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.

Trading & liquidityNAV, volume & spreads

Reported net asset value: $49.85
NAV provider updated: 2026-10-30 UTC
Premium / discount: —
Median spread · 30D: —
Average volume · 30D: 6.6K
Shares outstanding: —
Options: —

DistributionsYield & payout history

TTM distribution yield: 3.9%
30-day SEC yield: —
Frequency: —
Latest ex-date: 2026-10-27

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Ex-date	Pay date	Per share
2026-10-27	2026-10-28	$0.17
2026-09-28	2026-09-29	$0.17
2026-08-27	2026-08-28	$0.17
2026-07-28	2026-07-29	$0.16
2026-06-29	2026-06-30	$0.16
2026-05-28	2026-05-29	$0.16
2026-04-28	2026-04-29	$0.16
2026-03-30	2026-03-31	$0.16
2026-02-26	2026-02-27	$0.16
2026-01-29	2026-01-30	$0.16
2025-12-30	2025-12-31	$0.16
2025-11-26	2025-11-28	$0.13

Fees & costsWhat ownership costs

Net expense ratio: 0.30%
Gross expense ratio: —
Management fee: —
Annual cost per $10,000: $30.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

RiskVolatility & drawdown

Our risk indicator: 2/5 · rule-based
Annualized volatility · 1Y: 0.99%
Beta vs VOO · 1Y: 0.01
Maximum drawdown · 1Y: ▼ −1.0%

Historical risk measures describe past behavior and do not predict future returns.

From the issuer

Hear the strategy from the people behind ZMUN.

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