F/m Ultrashort Tax-Free Municipal ETF ZMUN
Source: Yahoo Finance (opens in a new tab) Observed · 2 days ago Quotes may be delayed
- Expense ratio
- 0.30%
- Net assets
- $27.0M
- Holdings
- 158
- 12-month distribution yield
- 3.59%
- Asset class
- Fixed income
F/m Ultrashort Tax-Free Municipal ETF (ZMUN) is an exchange-traded fund listed on the Nasdaq in the United States, issued by F/m Investments. Its category is Fixed income · US (fixed income). Its last price was US$49.83 on 19 Oct 2026. Its expense ratio is 0.3% a year, from its prospectus dated 26 Sep 2025. It reported net assets of US$27.03 million as of 31 May 2026. Its latest holdings report lists 158 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$1.79 a unit, a 12-month distribution yield of 3.59%, paid monthly.
Fees
- Total annual operating expenses (gross)
- 0.30%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.30%
- Prospectus date
- 26 Sep 2025
- Filed with the SEC
- 3 Oct 2025
Size and reporting
- Net assets
- $27,025,075
- Total assets
- $29,079,018
- Holdings as of
- 31 May 2026
- Report made public
- 28 Jul 2026 (58 days after the month end)
Top holdings
Largest 25 of 158 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock Liquidity Funds Muni BlackRock Liquidity Funds MuniCash | US09248U8412 | 10.13% | $2.7M | Short-term investment vehicles (cash funds) | United States | USD |
| 2 | SOUTH DAKOTA ST HLTH & EDUCTNL South Dakota Health & Educational Facilities Authority | US83755VWA87 | 3.70% | $1.0M | Debt | United States | USD |
| 3 | NEW YORK ST DORM AUTH ST PERSO New York State Dormitory Authority | US64990E3C92 | 2.79% | $753K | Debt | United States | USD |
| 4 | UNIV OF KENTUCKY KY GEN RECPTS University of Kentucky | US914378ME14 | 2.72% | $735K | Debt | United States | USD |
| 5 | GREAT LAKES MI WTR AUTH WTR SP Great Lakes Water Authority Water Supply System Revenue | US39081JAG31 | 2.60% | $702K | Debt | United States | USD |
| 6 | LEE CNTY FL SCH BRD COPS Lee County School Board/The | US523494PR71 | 2.39% | $647K | Debt | United States | USD |
| 7 | ILLINOIS ST State of Illinois | US452152A439 | 2.23% | $601K | Debt | United States | USD |
| 8 | NORTH CAROLINA ST MUNI PWR AGY North Carolina Municipal Power Agency No 1 | US658203X418 | 2.17% | $586K | Debt | United States | USD |
| 9 | WASHINGTON ST State of Washington | US93974DYF94 | 1.86% | $502K | Debt | United States | USD |
| 10 | LOS ANGELES CNTY CA PUBLIC WKS Los Angeles County Public Works Financing Authority | US54473ERF33 | 1.85% | $501K | Debt | United States | USD |
| 11 | WISCONSIN ST HLTH & EDUCTNL FA Wisconsin Health & Educational Facilities Authority | US97712DRA62 | 1.85% | $501K | Debt | United States | USD |
| 12 | SAN JOSE CA EVERGREEN CMNTY CL San Jose Evergreen Community College District | US798189LW43 | 1.85% | $500K | Debt | United States | USD |
| 13 | HOUSTON TX UTILITY SYS REVENUE City of Houston TX Combined Utility System Revenue | US4424355W90 | 1.85% | $500K | Debt | United States | USD |
| 14 | NEVADA ST HIGHWAY IMPT REVENUE State of Nevada Highway Improvement Revenue | US641480HZ44 | 1.57% | $426K | Debt | United States | USD |
| 15 | MASSACHUSETTS ST WTR RESOURCES Massachusetts Water Resources Authority | US576051S493 | 1.56% | $422K | Debt | United States | USD |
| 16 | MICHIGAN ST FIN AUTH REVENUE Michigan Finance Authority | US59447TND18 | 1.48% | $400K | Debt | United States | USD |
| 17 | ILLINOIS ST FIN AUTH REVENUE Illinois Finance Authority | US45204EHB74 | 1.39% | $375K | Debt | United States | USD |
| 18 | NEW JERSEY ST EDUCTNL FACS AUT New Jersey Educational Facilities Authority | US6460668B99 | 1.37% | $371K | Debt | United States | USD |
| 19 | BRYAN CNTY GA SCH DIST Bryan County School District | US117497CF29 | 1.30% | $351K | Debt | United States | USD |
| 20 | CALIFORNIA ST HLTH FACS FING A California Health Facilities Financing Authority | US13032UBC18 | 1.13% | $306K | Debt | United States | USD |
| 21 | HOUSTON TX INDEP SCH DIST Houston Independent School District | US442403KZ38 | 1.11% | $300K | Debt | United States | USD |
| 22 | NEW JERSEY ST HLTH CARE FACS F New Jersey Health Care Facilities Financing Authority | US645790AL01 | 1.11% | $300K | Debt | United States | USD |
| 23 | YUCAIPA VLY WTR DIST FING AUTH Yucaipa Valley Water District Financing Authority | US98840BBG77 | 1.11% | $300K | Debt | United States | USD |
| 24 | EAST CNTY ADVANCED WTR PURIFIC East County Advanced Water Purification Joint Powers Authority | US271843AC87 | 1.02% | $275K | Debt | United States | USD |
| 25 | HONOLULU CITY & CNTY HI WSTWTR City & County Honolulu HI Wastewater System Revenue | US438701H239 | 0.98% | $266K | Debt | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Debt | 96.04% | |
| Short-term investment vehicles (cash funds) | 10.13% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 106.17% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 106.17% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $1.7900
- 12-month yield
- 3.59%
- Frequency
- Monthly
- Latest ex-date
- 28 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($1.7900) ÷ latest price ($49.83) × 100 = 3.59%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (12 payments)
| Ex-date | Amount per unit |
|---|---|
| 28 Sep 2026 | $0.1650 |
| 27 Aug 2026 | $0.1670 |
| 28 Jul 2026 | $0.1590 |
| 29 Jun 2026 | $0.1570 |
| 28 May 2026 | $0.1570 |
| 28 Apr 2026 | $0.1570 |
| 30 Mar 2026 | $0.1570 |
| 26 Feb 2026 | $0.1630 |
| 29 Jan 2026 | $0.1570 |
| 30 Dec 2025 | $0.1570 |
| 26 Nov 2025 | $0.1270 |
| 30 Oct 2025 | $0.0670 |
Filings and sources
- Form N-PORT report for May 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000091541) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- ZMUN and BND Vanguard Total Bond Market ETF
- ZMUN and AGG iShares Core U.S. Aggregate Bond ETF
- ZMUN and VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
- ZMUN and BSV Vanguard Short-Term Bond ETF